tv [untitled] July 16, 2011 8:00am-8:30am EDT
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in india oh she's available in the movie joyce he has to see a movie that's a great way to go to the grand imperial truly the george weston. you can a letter to the socialist see don't need to go and. read this in the kennel was her turn to retrieve. a european banks stress tests for a worst case economic scenario with clowns threatening to rain down on the euro and the current financial storm. rupert murdoch's media empire is crumbling following phone hacking allegations but the public appetite for scandal seems a strong feeding to the ruthless tabloid machine. and washington who recognizes the libyan rebels as the country's legitimate government handing them access to billions of dollars of coca assets frozen in the u.s. .
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a very warm welcome for you this is r.t. live from moscow on a recent show eight out of ninety european banks have failed stress tests designed to just have and whether that fall into the event of another crisis the majority of those are in spain the country feared to be next in line for a bailout meanwhile on friday italy passed seventy billion euro worth of cuts to fend off its own spiralling that's. reports a euro fairy tale seems to be moving closer to collapse. as the clouds gather. in the battle continue dot timescape now lie ahead. what everybody here. as for the future if you think countries like italy looking on increasingly unstable ground can be you're
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a right out this playing mansion still this is really something quite frightening if indeed italy really goes into big trouble on the financial markets this is certainly a totally new face of the euro crisis. dimension here a fairy tale with all too appealing countries chick save themselves for a bite of the g.s.t. apple now many are left requesting taking the bait with. the bad i mean. this hello. after more than a decade of great businesses like goddesses have been hit hard. things in athens are still bustling but problems with the economy mean that many businesses here in greece simply got on the phone in the year it meant you were here in prices many of
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the members with we could colonies it didn't mean european wages if one bought spare louts after another year of skeptics who wanted danger from the start they have become the unlikely heroes in this tale just who the hell do you think you people are you are very very dangerous people indeed your obsession with creating this euro state means that you're happy to destroy democracy you appear to be happy for millions and millions of people to be unemployed and to be poor i'm told millions must suffer so that your euro dream could continue if you rock people of their identity you rope of a democracy but they are left with these nationalism and by those countries are now waking up to the reality of the nightmare their child says the euro is a political prison for poor countries such as greece and spain and they need to remember. waiting for that prison recreate their own currencies have devaluation make their exports cheaper make it easier for tourists to visit their countries and
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they'll get back in on their feet greece. portugal italy spain germany continue. the year a theme will be new happily ever. after. and while fears of a looming default is forcing you governments to cut spending a british union leader says people refuse to suffer for something they're not responsible for marcus tells us how governments will be made to listen at once hundreds of thousands strike. the idea is to build pressure so the government realize that working people the length and breadth of the u.k. i'm not just going to let them get away with what they're doing and we believe that pressure ultimately can force them to change direction the point is to change their mind and saying you won't negotiate just when they're having a chat with a few people in a room is one thing saying you want to go see you when there could be millions of people taking strike action is entirely another and we actually believe that the
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six million trade unionists plus the thousands and thousands or hundreds of thousands of pensioners and students all becoming a joint campaign is going to be politically very powerful. and you can watch the full interview with british trade union leader mark so what interests part of twenty minutes time here. well on the other side of the atlantic the u.s. is quickly running out of time to deal with its own financial troubles congress must raise the current fourteen point three trillion dollar debt ceiling once again president obama is urging the parties to set politics aside so avoid an economic crisis economist dr roger of one hundred work says those differences are interfering with attempts to reach a solution. there's a personality conflict between the majority leader and the president which is quite unique and this has been taken into the public avenue of discussion once that
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happens and trust is lost between leaders it's far more difficult to secure an agreement behind the scenes if you cut spending you're going to also impede economic growth because the government is one of the largest employers if you bring troops home and stop the wars you also have a problem with employment as the servicemen and women come home these are classic economic problems what's required in the u.s. is a drastic program of infrastructure development and public jobs to guarantee wages and on interest loans for average americans if italy defaults for instance in europe it will be impossible for northern europe to bail out italy that will take us over if the dollar significantly loses value when the u.s. is unable to help europe that will in turn take the u.s. down the japanese no more have do not have sufficient liquidity to help this time around as they did in two thousand and eight the euro is intrinsically weak willed long is not a competitor for the dollar the ruble stands to be fairly stable given russia
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standing of a major energy future and natural resource giant on the world scene so the ruble should remain relatively stable the dollar however has nothing to go down against except the prank and if you look at the dollar and the franc the monetary relationship is an all time low and that portends trouble for the future the best two currencies probably are the region grown and the swiss franc at this point gold is over traded and as we saw in two thousand and eight there could be a paradoxical drop in the price of gold during a micro market crisis so backing on gold is a highly risky proposition. it's good to have you with us on this saturday watching art and i still ahead for you this hour the love of labor in hard work i think is the driving force behind the country's economic success it's leading western countries the latin behind. and from a russian orphanage to a golfing a prodigy report on his latest challenge of trying to trace down the city.
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rupert murdoch has made a public apology for what he called serious wrong doing by the news of the world on the pages of several british newspapers he's got to be losing allies on both sides of the atlantic with his media empire crumbling on all sides but it's all to use an associate talking to reports from new york it seems there is still a strong market for tabloid speculation sex drugs cheating and lies phony political scandal flashing dirty laundry to raise the need to leverage the gossip and crime stories almost beyond human imagination. all this is served on a platter and sold for a couple of quarters by tabloids headless male and topless bar or something kids moms in the freezer. veteran journalist michael musto is one of millions falling for the bait of catchy headlines even though he
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knows the business inside out in america we don't break the law per se but they do have sleazy tactics i mean they will a story they probably make up sources i mean when you read in a source. a source said well who is it many times they can just make up the quote themselves joe smith from queen said blah blah blah a lot of times i feel they're just inventing these quotes to back up the thesis of the story fascination with scandal is almost religiously observed in the u.s. and great britain we are both countries in both media environments where gossip sells and there's a tremendous interest in celebrity both countries are of was after rupert murdoch's news of the world newspaper phone hacking shocker broke in london his empire stretches far and wide across the u.s. as well let's not forget he owns the new york post the wall street journal and the daily at a protest outside murdoch's big apple pad protesters demanded an investigation into his publications that whole we know what her dog does in england because he was
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caught and we want congress to investigate what he is doing here in the united states we don't know if newspapers are other people in this country yet but i see no reason to put it past them so how far from potential public embarrassment do american newspapers stand by the ones that are owned by rupert murdoch without question the new york post. is one of the most hideous deceitful. tools of criminals that there could be when it comes to getting scandal fuld in the u.s. counting on the readers short attention span is a common publishing trick jennifer aniston brad pitt has gotten together about forty two times so far this year and i haven't seen them photographed together since two thousand and six they're able to keep selling and repackaging the same story that isn't even a story no publication would admit to paying for. information but that's also often a technicality what a lot of mainstream news publications can get away with doing is even though they won't explicitly give someone money in exchange for an interview someone might set
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up a terrible organisation and then the news will happen to donate twenty thousand dollars to that terrible organisation the culture of sensationalism in the press is putting the future of journalism on the line the anglo-american style is trashy it's ribald . just sort of this snickering tone is very american and you know we're a juvenile society where young society i don't really know what the words excuses i mean they've been around a long time but. we blame it on them because we're their children while some will always remain fascinated by tabloids as right continue to sell others have reached a breaking point and i don't have that great of a sense of what happens in britain but i know it's pretty bad here and there are a lot of people who are really upset about the culture of news in america and just how little information seems to get out in between all the gossip the press has to be vigilant and in the united states the press has fallen asleep and archie new
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york. well newspaper gossip columns have become a reading habit for millions of people just ask new yorkers why digging around for sleaze is taking over the news. how did tabloid journalism become so influential and so popular in today's world this week let's talk about that i mean people like to read about other people's business. and now if. newspapers have to try to compete with the internet. with up to date you know. i think it's absolute trash there's no space in this world for it at all i hope they'll go in there but they're not going under they're increasing in power i don't believe that this is going to be the biggest takedown ever rupert murdoch is going down i think it's more of a pop culture based audience and so the journalists kind of cater to that and in
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turn it's kind of fun for them to be easier to activists but isn't it terrible i mean it might be fun but it's still criminal acts it's sort of i hate journalists you know whatever that whatever it takes to get the story and her whoever they want you know do you do you have that attitude at your job no not at all so what makes journalists special and they're not special they're the opposite of special they have no scruples we have of them are true because. people. you know they like to be liked. but that's not what journalism supposed to be what's true but never believe the media's. if you're just going to keep getting worse probably do you think journalism like that is bound to spread around the world and become as rampant as it is britain i do unfortunately and it really isn't journalism
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i mean there is no logical reason to get garbage the bottom line is that if the rampant popularity of tabloid journalism in the u.k. is any indication the rest of the world should be. cared for their own gentle f.m. to get a law degree and. it's and then a quarter past the hour here in moscow you will not see the libyan rebels now have the official recognition of more than thirty countries including the us following a diplomatic meeting in istanbul western and arab members of the libya contact group announced they would deal with the opposition until an interim authorities in place decision came out of four months of fighting to oust moammar gadhafi and gives the rebels potential access to billions of dollars of the leaders frozen assets in u.s. banks but mideast peace activist dr franklin lamb he told us that nato is running out of options in its campaign against gadhafi. a lot of questions about who
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these of a different factions who are arguably now fighting among themselves for power in the in the east what role also might leave the their relationship with the americans who have a often a long history you know misjudging their allies and getting themselves 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 this stumble conference to mark some eyes might some eyes pressure on the khadafy government. and of all the latest news from libya i just had over two hours he called my here's what i also find on our website right now u.s. hikers to monitor and torture as a much as the during the cold war america trained interrogators who have used brutal methods at home and abroad. trying to ukrainian launchers on a wild experiment planning to spend over a month living with a family of lions while blogging about his experience find out what he's planning
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dot com. thank you for joining us here on out see how special the floating cranes are preparing to lift up the bulgaria which sank into russia as well. a search operation for fifteen and missing passengers continues in the area and on nearby islands two hundred eight people on board one hundred fourteen are confirmed dead including twenty eight children two people since then have been arrested in connection with the disaster the head of the company operating the boat. the inspector who certified it as fit to sail both face charges of negligence that bit of it that's arrest warrants are also thank you for the captains of two cargo vessels which pass the sinking ship without stopping. i don't know why let's get another international news in brief for you here on out so you syrian opposition members have been holding meetings in damascus and istanbul to discuss ways of alstom president assad this comes after a massive nationwide protests rocked the country on friday leaving at least thirty
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two people dead hundreds of thousands of anti-government demonstrators poured onto the streets of the capital and other cities before facing a crackdown by security forces the government has launched a national dialogue with protesters are demanding that president assad steps down. and as well as president hugo chavez is to return to cuba for more cancer treatment including chemotherapy recently asked the national assembly to authorize this trip as required by the constitution charges that return to venezuela after spending nearly a month in cuba where he had a cancerous tumor from his public region and removed his battle with cancer has raised doubts over his fitness to lead the country but officially he still plans to run for reelection next year. china has called on the united states to cancel a private meeting between president obama needs about and spiritual leader the dalai lama beijing says it could interfere with the country's internal affairs and damage relations between them leaders are expected to discuss the dalai lama's
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hopes to keep that semi autonomous china meantime has accused him of pushing for independence. a japanese nuclear reactor has been closed down because of problems with an emergency cooling system there was a sudden pressure drop in the safety tank at the ohi plant just west of tokyo crasher return to normal after about an hour meaning there was no radiation leakage but engineers have decided not to take any chances the closure will lead to power problems in areas of struggling to get back online still after the earthquake and tsunami. well they say that to get the best in life you have to put the hours in it's something that people in india know all too well statistics show they work harder and longer than if their western counterparts are she's a really good risk right now elbowed her way in to reveal the reality of life in the new delhi rat race. it's a busy city with busy people india is a rising economic locomotive still what's the driving force behind it success it
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could very well be the people i know both are co-directors i was small one in port company called divine and his indians have developed a strong liking for french and spanish language is young men are working overtime to fill their glasses you have to be very flexible with their working hours of. interviews were globalization and because of oh you know you interact with so many people from abroad especially america you know europe so. we can't fix timings where we can say we're only going to work from nine to five but people in britain for example can and do say that seven spent years working as a business consultant in the u.k. and he says brits watch that closely and britain people leave a five o'clock and they won't stay they said because they go to trains or couch for many years in britain and you have the result some people don't work in britain people don't work weekends it's changing
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a little bit now particularly in periods of economic recession. but generally it's a monday to friday as recently as just two years ago india had a six day long week the government has put in strict regulations regarding hours but that doesn't stop people from spending more time in the office than needed noticeable more significant difference between the kind of work culture in india and in britain is the pressure of people around the work above and beyond contracted hours. everyone will do this irrespective of really if there's work to be done if there is a small enterprise to run then all state regulations go out of the window if sacrifices equal success then you have to make them i wouldn't twenty four seven. working. i don't know what off i work on that it is i'm going office working because the ordering process to have been organized so as far as personal evidence
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on it is nonexistent but let me see with a fine example of did occasion may actually be a drawback in the office environment i think people are expected to do the job of two or three people. even though the contract for those might say one thing which isn't always such a good thing because if you work such long hours and it's going to affect your performance while europe and the u.s. spend their money on fighting wars and their time on trying to figure out a way to get out of economic slump india is busy getting things done the indian way oregon is probably the most popular god in the entire hindu pantheon in india his supposed to bring prosperity and success to those who worship him but the success of indian businessmen should not be a trip to the divine help alone ninety five working hours just don't cut it here indian still long hours of hard labor but at the end all of that hard work pays off . new delhi. so for twenty two pm here in moscow you will see
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he's a russian born in gulfport his chance in the game after being adopted by american parents. a couple of his biggest challenges in finding former fairways but finding a family he left behind a. story. she might have a smoother swing but from the outside nicholai looks no different to the pampered junior players and this hyper exclusive moscow golf club this couldn't be further from the truth we call i come alaska was an eleven year old all for when he was adopted by an american family can never say that life is easy you know and basically there they make you feel like you're nothing to me when i came to united states i had a lot of problems emotionally. credible young man he is someone who has taken on many challenges in his life and he's always overcome then came the gulf one day i
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just saw my desk being in a golf club in a backyard. with a seven iron i don't remember exactly but i had no idea what it was i just was a piece of metal and i asked him what it was. and then he asked me to he said you want to he didn't want to try and i tried it and i had it straight. and he said. good sport making headway in sport because one thing nicholai could not get over when should we to the united states nikolai was separated from his younger sister and brother and lost track of them he rejected several small scholarship offers at top year's colleges to play for the russian national golf team so you could search for his siblings. then this year during a top junior tournament heard news about his sister my whole life. there we have paid a lot of money to different companies to try to find her and then i met a family i don't know where. they found their in less than two weeks so to me i
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never thought that i was ever going to see her again reunited after last nicholai sister and the seer was never adopted she's about to graduate from a school in southern russia. when i heard about my brother that i thought it was a prank my friend played on me i don't remember much of him but we're going to become close again she has no business i'm going to buy her a computer so that we can talk to each other all the time so that we never lose touch again if i get ellie. back in moscow nicholai has wondered prestigious filed a series tournament and will compete against europe's top young players later this year but he says now his priority is finally his brother we can only wish nicholai the best in his dream to become a professional golfer what he's had to overcome whatever happens next he is already a winner. in moscow. right now
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a twenty five minutes past the hour here in the russian capital it's the largest nuclear powers russia and the u.s. are moving towards a safer world by reducing their atomic arsenals but not all countries feel the same a little bit later we assess the dangers of living in a world of competing nuclear interests. with the end of the boer war and the going away of the soviet union many people thought that nuclear weapons disappeared with the risk is not zero that something might be going off by mistake specially the founders of the nuclear weapons on hair trigger alert. the pacific rim for using a desert three ball as an extra bit but you know if you keep spinning a trillion dollars a year on weapons of eventually you're going to blow everybody up you can you know people are dying from these weapons but until we actually see if people don't wake up nuclear weapons or will be you. know that represents all the
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firepower of the second world war and this second sounds is the equivalence of fire power the world's nuclear arsenal today. and that are fascinating reporters on air in about an hour's time here on r.t. but first we ask a trade union leader whether workers should accept cuts and tax hikes imposed on them that's after a recap out top stories are so you know just about. all .
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