tv [untitled] July 15, 2011 1:00pm-1:30pm EDT
1:00 pm
reticent to say convince scheme we could switch into plug in vehicles come on. now sort of. over thirty countries including the u.s. officially recognize the libyan rebel council as the legitimate governing authority rich or is merely calls for gadhafi and his family to give up power. as the u.k. phone hacking scandal puts the future of the murdoch media in part risk questions arise as to why it's taken so long for action to be taken as spy police knowing about many of the allegations for years. public outrage in italy the latest e.u. country to be hit by the financial crisis as its parliament approves an austerity budget in a bid to stave off the threat of a bailout. and. also expanding once in europe one of the
1:01 pm
crime acquisition by a russian bank we'll have all the details for you and business in twenty minutes. but news in comment from around the world this is our t. live in moscow with twenty four hours a day the u.s. along with more than thirty other nations has decided to recognize libya's rebels as the legitimate government of the country but libyan contact group convening in turkey has also urged colonel gadhafi to give up power and has more from washington bureau. he has announced washington now accepts the transitional national council as the legitimate government and governing authority of the leading people and diplomatic recognition of the council means that the us will be able to fund the opposition with some of the more than thirty billion dollars think about the regime assets that are frozen in american banks but it's not only that the obama
1:02 pm
administration has provided overwhelming military and political support for this transitional council the head of the council has recently traveled to washington showed his gratitude asked for more support analysts say it's no surprise that he's being propelled to power in levy up by washington who has studied in the u.s. who years he has taught in the u.s. so he's quite well connected with the united states but help often comes with strings attached and some say the leading opposition leader in sure can get instructions from washington on how to return to favor sort of say but some experts for also point out that in an attempt to propel certain people to cry where the west supports the rebels of the rebels are not a homogenous group there are all kinds of people there are some radical elements as well the former jihadist who we now see his lesion in two thousand says he estimates one thousand jihadists are among the rebels in libya one leader in rebel commander has openly admitted his fighters have to leave and even a u.s.
1:03 pm
military study three years ago said previously that the second largest group of jihadists seen the world right after saudi arabia so i don't say the support for this very diverse group which is the lead unravels could backfire but washington doesn't seem to care as long as they have someone loyal they are empowered to deal with. dr franklin lerma director of an organization called americans concern for middle east peace says it's just another dangerous case of the u.s. misjudging. a lot of questions about who these different factions who are arguably now fighting among themselves for power in the in the east what walter might leave be their relationship with the americans who have a a long history you know of misjudging their allies and going to them selves involved but i think all of this is because nato cannot accept or afford a defeat nor can the white house so they're using the new stumble conference to mock some eyes maximize pressure on the khadafy government.
1:04 pm
and of course we'll bring you the latest on this developing story here on t.v. over the next few hours now on the other side of the atlantic president obama has given us lawmakers thirty six hours to reach a deal on raising the debt ceiling there the deadlock has already spurred two of the three major credit rating agencies to threaten a downgrade of america's triple a status and investment analyst max wolff tells r.t. that washington's addiction to debt is clouding both sides appetite for a real solution. america's been running on debt for years this is a disaster in the making and i would liken the situation here to a cancerous tumor inside a body there's no better time to cut the cancerous tumor out as quickly as you possibly can that said the u.s. government has been running on debt for many many years and we've been raising the budget the total debt ceiling for many many years as a budget issue and we've successfully had deals struck it has become the political norm in the united states that whatever party is in the white house has to ask to
1:05 pm
raise the debt ceiling it's always been raised in the past the party that's not in the white house that's out of power screams and yells for three or four days at most usually about how the government spending too much and should live within its means the debt ceiling demand gets raised and it's business as usual that's been the case for thirty years so we have one side in the congress right now that's decided no increase in revenue is acceptable i don't know other side that has decided that not raising revenue is unacceptable and so we've reached an embarrassing impasse that has dragged on for weeks longer than it should and is the reason that we're going to see the growing chorus of foreign and domestic voices urging congress and the white house to stop riling already strained global markets with a political impasse. it with r.t. live here in moscow still to come this hour when passing by becomes a crime the captains of the trooper patrol the site of the boulder river cruise a disaster but didn't stop the whole are facing arrest. and also still to
1:06 pm
come torture taught on u.s. soil with jessica how the country which talks of its record on human rights is accused of training people to brutally violate them at home and abroad. that story still to come but first rupert murdoch has reportedly personally apologized to the family of a murdered schoolgirl whose voicemail was hacked by his newspaper the news of the world this comes after rebecca brooks the chief executive of murdoch's british newspaper group finally caved into pressure to resign over the scandal she is due to appear before a panel of m.p.'s next choose day along with her former boss and his son to face questioning on the allegations of an ethical methods but is lower and it reports now on how the vultures are circling around on some curtain parallels from a surprising source. a good every media outlet and own t.v. radio even the scariest when fox imitates life the long running simpsons
1:07 pm
takes a shot at its owner rupert murdoch aka montgomery burns in an episode broadcast apparently coincidentally this week. but it's not the only piece of timing in the extraordinary phone hacking case that seems to get more scandalous every day the list of something like four thousand names which the police have had since about two thousand and forty thousand and five and yet they promise facie evidence of criminal activity by these individuals and boy by the murdoch empire and yet they have not acted on it so why now just as the murdoch deal to take control of satellite t.v. giant b. . the look sure to go ahead his rival the guardian newspaper releases catastrophic allegations of a moral journalists and their shady practices that when the deal collapses the
1:08 pm
times for example which currently loses money could have transferred some of the profits from. investing in the times for example of the guardian or the daily telegraph. that it's not just a rival newspapers who stand to gain from murdoch's empire crumbling the b.b.c. could retake t.v. territory lost to b. sky b. and the labor party which was wounded by years of relentless attacks by murdoch papers can finally take revenge but where will all this lead. to. that would suit a government just fine the british press is famous for it shop teeth and no holds barred doggedness particularly where its own government is concerned prime minister
1:09 pm
david cameron has all but shut down the press complaints commission and already talks of statutory controls to govern print journalists back in springfield mr burns is thought it as the townspeople put up their own newspaper and he's almost right. as it is possible to control the media because of rupert murdoch. murdoch sounds as did mr burns that you just can't buy all the newspapers those outside his control have been gunning for him think it is and this time they may have succeeded just as he it sets a consolidate control over a launch section of the u.k. so media markets being pulled out from under him and it's all over the hidden scam . now revealed that the police have known about it for years nor any. and we're asking what you think of the story on our web site and whether you believe the tabloids tactics in getting
1:10 pm
a story can be justified here's how the voting is going over dot com at the moment on our web site so far we can see on screen that most people are saying that their use reporting methods are outrageous and ethical and must be punished twenty one percent however we see that just over twenty percent think that it's ok as long as it doesn't cross the line. there on the screen can see that seventeen percent believe the approach is simply meeting the demands of the public while the rest say the trend mirrors society's move towards less privacy because to hear what you have to say simply log on to our website it is of t dot com. italy is bracing itself for a tough round of belt tightening after its parliament gave its final approval for harsh austerity measures is part of efforts to prevent the further spread of the eurozone debt crisis which italy's finance minister has compared to the sinking of the titanic well for more on the eurozone debt troubles i'm now joined by patrick nymphet he's a professor of applied economics at cardiff university thank you very much and the
1:11 pm
professor for joining us so austerity measures are now a done deal there in italy but they seem to have failed elsewhere so are they really likely to work there. well i think the problem is that. the eurozone rich countries like germany and france are particularly germany are not really willing to pay the bill for the bailouts of countries like greece and portugal and then if the risk of the default is seen as rising in the bigger countries like spain and italy even less are they able to pay the costs of the debt servicing that's needed and so there's no bailout really in prospect by these rich northern countries and therefore the other countries have to think of some way of getting by and that's going to be default and what does that mean does that mean eventually that they may have even to drop the euro and go back to their original currencies but i think that's the point if you look at argentina the argentinian
1:12 pm
argentina crisis is very instructive because they first of all defaulted and then they had to abandon the link of the past to the dollar the hardlink as it was called a hard person because they needed to devalue to get the economy going again and that's going to happen in europe i mean greece and portugal need to get growing again otherwise that is their situation is going to drift into worse and worse in ability to pay but if they do drop the euro what impact would that have on the eurozone and ultimately the whole european project itself the e.u. . well it's a very ambitious project and from the start a lot of critics including myself said well you know it's not got much of a chance of succeeding in the long term with these very different economies of the south of europe in the euro and that's really what's happened that the south i
1:13 pm
think is going to have to break away and and get outside the euro and devalue and probably quite a bit go back to the drachma and the portuguese and so on until maybe in the fullness of time they can rejoin but that may be quite a long time and that will make the euro. currency of the rich northern part of europe but i think that's where it could have succeeded all along if they if they've gone down that path it's interesting it'll earlier saying that germany wouldn't be willing to carry on with these bailouts certainly the taxpayers in germany aren't happy about of the talk but i was talking to one analyst yesterday saying actually germany could benefit very strongly from all of this and indeed put it in a very very dominant position in europe in the long term. well there are a lead people in germany who feel that germany really ought to bail out greece in
1:14 pm
its own longer term interest and portugal that it in the end would get its money back and that is a tenable viewpoint but it's not one shared by either angela merkel all the taxpayers of germany and that's the problem the politics in germany has switched from being very. very pro the european relationship to being much more hard headed particularly i think since the huge costs that they had in bailing out their own east germany can i quickly ask you about the latest event we just heard today finally we've heard that austria's largest bank has just failed to pass a stress test now is this an indication that countries that appear to be safe i'm now being exposed to this debt and if so what are the implications here. well i think we've known all along that a lot of banks in europe and in the north would not pass stress tests if these stress tests included the possibility of sovereign default because of course
1:15 pm
they've got loads of greek and portuguese and spanish debt and so there was never any question that one of the reasons why it might be in germany's interest to bail out greece is that it's if it doesn't it's going to have a banking crisis of its own and will have to bail out its own banks but i think that the judgment of the taxpayer is they'd rather bail out their own banks if they have to then keep on giving money to greeks who may never get to give it back to them really interesting to hear what you have to say thank you so much for joining us there live in cardiff professor patrick linford from cardiff business school thank you very much indeed. well in today's cross talk peter lavelle and his guest will be discussing discussing why the use leadership is so adamant about saving the euro to any cost and here's some of what's coming up in a few hours time heated debate in crosstalk. let the breeze go bankruptcy would be good for greece it would be good for europe it'd be good for the world if greece
1:16 pm
went bankrupt and. pay their bills or stop a lie then you would have everybody would know it's a strong saudi currency base or a strong sound economy why would i want to go away. in america we've had states go away it is the way carries go bankrupt in the united states and it didn't in the us i'll tell you why because of the four hundred billion dollars of debt has fifteen percent is held by german and french banks and those countries go. in their financial markets is that simple. it. divers are finished searching for bodies inside the wreck of the pleasure cruiser garda which sank within minutes sunday hundred fourteen people out of over two hundred on board have been officially confirmed dead while fifteen remain missing
1:17 pm
a vessel would be lifted from the riverbed within the next few days and investigators hope a thorough examination will help determine what caused the tragedy so far two people have been arrested in connection with the disaster the head of the company which operates the inspector who certified it faces charges of negligence that led to that arrest warrants of also been issued for the captains of two cargo vessels which passed by the sinking ship without stopping to help and i spoke to the captain of the ship that did come cheap here's how he described the scene. as we were nearing the site we began to figure out how many people there were in the water as i do although that was hard to do because there was a lot of rubble floating around as well as a log it was very hard to pick i did a visual people from among the floating debris some people were in a dreadful condition many were injured because it will all over their skin because when the ship sank the fuel oil came up to the surface and spread everywhere and covered them that made the rescue even harder because the oil made the victims greasy it's hard to get a hold of to pull them on board seeing children in the condition that was
1:18 pm
particularly heartbreaking. and you can watch that full interview with the captain who many in russia are recording a hero right now on our website at www dot com. the u.s. likes to be seen as one of the world's leading human rights advocates but it's home it's faces growing accusations of hypocrisy tens of thousands of professional tortures have reportedly been trained on american soil over the past sixty years and it's claimed that many of them have used their techniques abroad as creating for now reports. it's been thirty years since colombian soldiers kidnapped be starved and electroshock heck there out he's about all over having a quote subversive but. but it's a memory he lives every day people have survived portrait in columbus oh i'm very lucky to be able to tell the story most people get through for those that stand there and then they get shot and killed and many have been disappear character says
1:19 pm
the colombian soldiers who tortured him and later killed his brother. were trained right here on american soil at the school of the america is in for benning georgia army major general the player was an instructor there i was very much in favor of the school of the americas during the cold war era but major blair says he was horrified with what his former students did with their anti-communist training in their own country the classified. army school to. use the words terror and the next war assassinate. graduates from the school of the americas have been implicated in massacres and torture throughout the hemisphere of the more than sixty thousand soldiers and police who have graduated ten thousand of them have been in colombia has been the largest user of this because i don't think it's an accident is the
1:20 pm
abuser of human rights and there was some hemisphere of the eighth amendment to the us constitution forbids torture and other forms of cruel and unusual punishment as does the geneva convention but it did happen there's no question that our country on the gauge and tortured sort of told others how to do it we also rendered people we also sent people to prisons in other countries where they were in fact tortured there although congress demanded more oversight of military training programs an internal investigation by the government accountability office show that school of the americas manuals advocated using quote torture truth serum blackmail and execution the pentagon said it didn't know what the manuals contained because it staff advisors assigned to review them didn't speak spanish united nations special repertoire for torture one man gets himself a survivor of torture says a lack of transparency in the u.s. led to further abuse can be eighty's unfortunately. the military aid and police aid
1:21 pm
was restored and after that it's been difficult to document to what extent that he includes teaching. techniques that are prohibited by law by international law it's a legacy that sharply contrast with u.s. rhetoric about respect for human rights abroad charter survivors and religious leaders in washington d.c. have come together to demand a full commission of inquiry into what they describe as torture practice or enables ready united states including in its own prisons like one time of day and by the cia when president bush says that he waterboarding and he would do it again. and so then right that he had ordered which obviously you had some very nice. serious problem for the spirit world country and it's how many prisoners were tortured by the united states are hard to find but survivors like hackers in numbers don't tell the full story when someone gets torture of not only that person will for first quarter of them deal with the big wouldn't because of those. it's
1:22 pm
also for one who has to be humanized themselves in order to be humanize and or a human being but a society that supports torture is going to pay a price a very big prize that we're killing for our t. washington these seem. to prefer that not some other international news in our world but day to syrian opposition activists say security forces have killed at least seventeen people during anti-government demonstrations across the country that's as the country's police have reportedly used tear gas to disperse protests in the syrian capital friday's rallies appear to be the most widespread since the uprising began in march. thousands of taking to the streets of jerusalem calling for the recognition of a palestinian state it was billed as a march for independence the organizers saying if two state solution is the only way to put an end to the israeli palestinian conflict united nations is set to vote on recognizing palestinian statehood in september
1:23 pm
a vote that israel is strongly opposed to earlier this week the knesset passed of north banning boycotts directed at israel's illegal settlements in the west bank. and asking dramatic images from croatia a huge fart it's in gulf in the island a grouch has forced hundreds of residents to flee flames and plumes of smoke that have destroyed forests in farms could be seen from the mainland part of being caused by heat wave in the country where temperatures reaching up to forty five degrees celsius. that's a principle of the monarchy but with a look at our main news stories in about six minutes from the meantime the latest business news is next with rita. hello and welcome to business here on arts you know let's start with russia's largest bank which is expanding and europe sperm bank has agreed to a senior opinion let's. expand international and it's the first all that's kind by
1:24 pm
of russian bank business starts. or has all the details this purchase goes the line with their banks ambitious plans to become an international banking group that will pay your money graham says that by two thousand foot ceiling the bank plans to generate seven per cent of its income from international operations have also felt that he believes in the great potential of those eastern european countries where the world bank branch is the baking market. or the market generates a couple of months of five billion euros by two thousand and fifteen that's more than russia's potential so think he just wants to use this eastern european union bank as a platform for its whole international operations because among the top ten lenders in the czech republic slovakia croatia and bosnia this is a traditional banking business there are no complicated structures or toxic assets
1:25 pm
there's no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business. their bank plans to finalize the deal by the end of being here is just the beginning here must be upset that they hold resolutely without some banking also in other parts of europe and in turkey. the results of the latest european stress tests on banks released late friday show that gold spike is just one of nine lenders to fail and it's selling some of its spares nest soused burbank in order to improve its balance sheet well richard haynesworth the general director of bruce freighting says the acquisition makes sound strategic sense for a bank. the buying at the bottom of the cycle of the business cycle which means that asset prices are low. slid back obviously is in a position to buy it it is cash rich
1:26 pm
a strategic benefit is the biggest spear foothold into the european union banking regulation in the european union is such that if you have a branch in one of the countries you're able to open branches in other of the countries with less difficulty than expected by it was to go to england and so i want to open a branch i'm in england but it would have more difficulty. let's take a look at the markets now u.s. stocks are in the blank that's the spy reports consumer sentiment plunged in july with many same views on the current economy and expectations worsened. and in europe stocks ended the session slightly down as traders were cautious ahead of the release of those bank stress tests. and irrational markets closed next after a difficult week volumes were their owners and many people were away on holiday and direction the road unclear now let's go look at some individual rivers on my sax
1:27 pm
the banking sector that quite well if you went out by over one and a half percent the bank is currently figuring out the details of its purchase of bank of moscow where bank was also off after news of its acquisition of austria spank and the country's biggest company gazprom went out by twenty three percent helped by gains in the oil price. russia will not make concessions over its tax regime for theirs to make membership of the world trade organization under the current rules manufacturers which make more than sixty percent of the vehicle in russia receive financial concessions and this is intended to boost local production of cars and prime minister vladimir putin says the system is not open to negotiation. openness insists the report mentions sixty percent localise ation and production of three hundred thousand cars a year we have learned that our position colonel we changed it to read law and we
1:28 pm
cannot cross because we cannot abandon the interests of domestic producers. separately prime minister putin says there are plans to build a second line of the eastern siberia pacific ocean a pipeline this is them for exports in crude oil to asian markets he also suggested another line could be added to the lots from gas pipeline which goes on the baltic sea and terminates in germany but he gave no time frame for either project. well that's all the business news for now the headlines are next with bill.
1:29 pm
27 Views
Uploaded by TV Archive on