she's available to move the joint be the children's the i love you that's a great way to go to the grand imperial college the george west coast coromandel neutrino well settled closely its ability to go. round the sun the colonel was her turn to retreat. it's time to face the knees a valid grades written what she's close to me is the amount of media more like you being grilled by m.p. over playing hacking and bribery playing live the life pictures for the hearing taking place and. israeli commandos take over a ship carrying pro palestinian out to fifty dollars or forty again another attempt to break the sea blockade of the region. and ties between russia and germany power and a growing hunger for energy and mass graves readiness to do you think. he's

cautiously optimistic about the future of the euro as he meets in germany. also in business russia's markets manager somewhat recovery after monday's plunge with the obvious up one point one percent my sixth record of the percent at the close of tuesday session more on that in twenty months. the very wealthy and see this is i'll see live from moscow now today's altering t.v. in britain is a must see for most of the country as rupert murdoch his son sees former u.k. c.e.o. face angry will make his and my trios a palm and questions on the phone hacking and police bribery claims at the now x. news the world article and its following the hearing for us in the. there is huge interest in it and we are seeing rupert murdoch being interviewed by m.p.'s

together they are being asked some tricky questions by m.p.'s which is what the public wanted they're being asked what they knew about the phone hacking scandal at the news of the world at the time that it was taking place they're being asked what they knew about alleged payments to police by journalists working for them they're also being asked in the piece are trying to ascertain whether there was a cover up whether parliament and police were misled particularly at the time of the first police inquiry into phone hacking which took place in two thousand and nine james murdoch says that when the when the hacking investigation was closed the staff anees international relied heavily on the fact that the police said that there was nothing further to be investigated they also relied on a decision by the press complaints commission that said nothing further no nothing to see here and also an outside legal advice so they feel they were within their

rights to not look at phone hacking inside their organization anymore this is the first time that rupert murdoch has faced m.p.'s in his more than forty years of being offered in the u.k. media sector and it has to be said that he doesn't seem to be taking it very well he's he's a little bit it's a little bit on edge his tone is a little bit sticky another interesting development today is something that's happening on twitter actually users of the social networking sites are drawing attention to the old resonance between the death of sean hoare which his body was found yesterday he was the first news of the world journalist to allege that he's the editor and he calls and later the director of communications for the government knew that phone hacking was taking place all along he was found dead yesterday the eighteenth of july two thousand two thousand and eleven on the eighteenth of july two thousand and three the very same date david kelly was found dead also. to be suicide he was of course the u.n.

weapons inspector who first cast doubt on the government's claim that iraq could deploy weapons of mass destruction within forty five minutes and moreover said that the government knew that iraq couldn't support those weapons of mass destruction so people all over twitter during attention to the odd resonance between those deaths the fact that their bodies were discovered in the very same date and saying that the eighteenth of july looks like a bad day for whistleblowers three top police officers two of whom who have resigned this week commission as a pool stephenson his assistant commissioner mr yates has also appeared they face questioning over this this cozy relationship between the press and the police stephenson and also the face questions about his handling the police handling of this investigation into phone hacking in two thousand and nine and he also admitted that no fewer than ten former news of the world journalists have worked in the met press office you know a lot of people are suggesting that the taking of bribes of the alleged taking a bribe strive police officers from the journalists is

a symptom of essentially endemic corruption in the metropolitan police and the police all over the country i want to talk to some people about that and here's my report. ian tomlinson died in london's g. twenty protest in two thousand and nine after being pushed to the ground by p.c. simon hoggart harwood's said he'd been prevented from giving first day by a bottle throwing more he later admitted that had happened john schollers day ministers short by police in a london underground station in two thousand and five officers allegedly leaked a report saying he'd fled from police c.c.t.v. images later showed this was true. less well known is michael daugherty a man who went to the police for help only for it to turn into a cafe esque where both allegedly false statements and mistreatment but it felt like a target i obviously have no protection from the war in this country i think is completely

outrageous ducati told police he suspected his thirteen year old daughter was being groomed by a paedophile concerned they referred it to his local station sex crime unit then nothing after two weeks doctors he phoned the unit secretary that's when the trouble started and just read for us to mcmaster you got my house. police came to jockeys house at dawn to arrest him for harassing the police secretary shortly after his arrest he learnt the investigation into his daughter's grooming had been dropped by police records show they hadn't looked at any of the evidence the police secretary has since admitted she has a hazy recollection of her telephone call she said upset her so much but only when presented with takes of the conversations dr z. had luckily recorded the officers involved in his arrest were found to be at fault and sent on a retraining course but doctors he believes that's not enough i don't think they're

raising different than or. i think this is this is normal if they've done something criminal they need to be held accountable in the same way that anybody else would in a court dockets these accounts of lies and harassment by the police is by no means unique but the phone hacking scandal has brought stories like his into the public eye revealing bribery and corruption at the heart of the police force it's amazing the focus has tended to be on the journalists themselves and not on the allegedly corrupt police officers who have been receiving money to provide protected information and it does show that this is an endemic corruption and the failure of . one. to. two of the country's most senior police officers have resigned this week and two more are under investigation after relations between news corp and the police were revealed to have been far too cozy senior police officers were wining and dining with members of the murdoch empire and they were they were meeting them

for drinks privately one even acquired them a thousand pounds a day to work for him so you know what does this tell us about the relationship between the police and the news corp employees well it's very very serious and if this can happen a good prop of the police look at the example that gives the officers there on down the lines the home secretary has announced a review into the workings of the police to rebuild public trust that's little comfort to michael daugherty who says he's traumatized by his experience at the hands of the people he turned to for help the phone hacking scandal has many far reaching implications for the potential breakup of the media empire to a loss of faith in the british press but it's also pushed into the spotlight once again a police force that appears only to tell the truth when its course out in a long many are now asking how justice can prevail your and it's r.t. . your with r.t.

still ahead this hour searching for those as a country for trying to lift the sunken vessel on the volga river hopes crowell finding the truth behind the tragedy of one of russia's worst ever shipping disasters. israeli commandos of gaza bound aid ship on the approach to the blockaded territory reporting no resistance from activists on board the french vessel which has now been taken to the israeli port of ashdod is the last from a ten strong humanitarian fratello that was prevented from leaving a greek ward three weeks ago our correspondent there is a cost of elements in israel. just before noon local time today tuesday the it friendship which is known as the dinner table surrounded by at least three israeli naval ships as it made its way to gaza this is off to the ship and overnight in international waters now we understand that the israeli navy contacted the captain of the ship wants him that if you went any further they you would be acting

illegally breaking israel's blockade on gaza and according to the israeli army they made it quite clear to the ship's captain and the ship's passengers that there were other legal options available to them and they're all sixteen people on board this ship ten of them are passengers three of them are crew three of them are journalists this is the furthest that any ship so far in this year's freedom flotilla two has been able to go in terms of being able to reach gaza now the israelis are at pains not to see a repeat of what happened last year when you had their feeding through to the one that incident in which turkish citizens were killed when israeli commandos who wanted to because she made them of the modern record in the city can open to see that happen again so the average pains to try and see this with peacefully and without any kind of loss of life because many soldiers naval soldiers boarded the ship when it was some seventy kilometers away from gaza and there's no question that the ship was still in international waters it did go off without incident and

walk now that ship is in the israeli port city of ashdod according to the israeli army spokesperson there the passengers on board will be dealt with by the israeli immigration police but the question of just how these these three actually was all still remains a very important question there has been at least four separate investigative committees that was set up last to look at how the israeli soldiers in that first to lower incidence how they dealt with that and all the you information once councils found them to quote them that israeli actions have been really unlawful and later this month we do expect the findings of a second u.n. commission that has already indicated that. why i find the israeli blockade on gaza not illegal the israeli soldiers good last look at me when you look at the commies from international legal experts they say that when ships are in the high seas there is something such as the freedom of navigation and asked such the israeli soldiers boarding

a ship is in fact illegal. well for more on the implications of the board and all the goals about humanitarian vessel let's talk. about the from the group which protects the freedom of palestinians many of the speaking to us was bashing now the activists on the boat said they weren't carrying any valid tarion supplies and that there were a was just to do or tension to the mission is the effect of the provocation. will certainly people have a right to demonstrate in the high seas if they wish and i think what they're demonstrating is a closure policy by israel that is on lawful but let's take a step back as to what actually happened today what israel did as an occupying power in preventing a ship from reaching the shores of gaza is illegal israel can decide that people and goods will not enter or leave gaza via the sea as the occupying power but exercising that authority creates on israel an obligation to allow civilians and civilian goods to enter and leave gaza through other means and because israel is

not allowed in at sufficient levels the closure policy which the activists are protesting is illegal ok let's hold all mine back now to last year when we saw the public outcry all because filming of the tokay shape shift left some. people said well after an incident like that do you think that israel has been mulling full. will care for me if you like this time to protect its reputation. yes certainly i mean last last year we saw a tremendous use of force and today there was no no violence as far as i know i think our concern is not necessarily with the specific incident of the ship being stopped putting or the closure that the activists on the ship were seeking to protest and what they were saying was that they were trying to come to gaza by sea because they're not being allowed to enter and leave gaza rather me and certainly these if these people have entered israel and tried to enter gaza from israel they

would not be. loud because what we have in general is a closure policy that is not imposed only for security reasons but is also preventing purely civilian goods and civilians from entering and leaving ok for example israel is preventing people from traveling between gaza and it was the same say we have this quote israel's are very people you are traveling these are the guys that are once in collier a warehouse allowed three pounds of going up and into egypt and the entry of goods from egypt into gaza so all aid that's in the gulf is kind actually necessary anymore. humanitarian aid enters gaza via the israeli controlled crossings and it enters in sufficient quantities but no goods are allowed to travel back and forth between russia crossing it despite the easing of the closure of rougher and rougher there's not a resolution for people seeking to travel between gaza and the west bank which is controlled by israel so it is true that people in gaza do not need humanitarian aid

to come in the the sea but they do need israel to allow them to export goods to bring in construction materials and to allow people to travel between gaza and the west bank all of which are currently bound so israel has the right to determine how this travel will take place that can say we prefer that people come and go via the land not the sea but it has to let the travel take place via the land and that's not what's happening like a fire back she illegals and that would protect the freedom of movement of palestinians many real time. trades and energy have fuel talks between the leaders of russia and germany and holland but there are millions of europe's biggest economy growing and most capable of talking about that as well as you know bushels been following the high level meeting for. germany's decision to shelter its nuclear stations has opened opportunities for the likes of russia's gazprom the gas john is hoping to tie up some deals here in hanover which it really sees the german mark is

a stepping stone to the rest of the european union germany and seize opportunities in russia in particular the balls more noise they should program of russia's infrastructure and knelt by president michel medvedev and given the problems in the rest of the eurozone in places like portugal greece ireland also potentially spreading to perhaps italy and spain there are concerns that the european market may not be providing germany with the same opportunities as before nevertheless president medvedev says he's cautiously optimistic about the future of the eurozone he would like to see more choruses come to the fore a subject that he's raised in the polls there is a particular friendship between angular merkel and to me from it better perhaps two of the closest partners on the world stage and that was very much present here in the talks today now we've heard that president medvedev has been quiz several times about his election opportunities and today he said that he would be making you know

it's a very shortly about whether he would stand for president of russia again. preventive said they shared common views on the whole middle east situation of course both countries abstained russia and germany abstained on the u.n. vote authorizing action for military intervention in libya and the escalation of violence is something of concern to both sides so much of it is a little saying you shouldn't even know what we thought that the resolution will be implemented to what it says a no fly zone does not mean of war but actually instead of a no fly zone what we see is an active phase of civil war and some forces are actually supporting one of the parties to the conflict and that's not good in fact for leaving it is very bad. so i think we should continue year looking for opportunity to find a peaceful solution to this situation we should use all sorts of mediators and all sorts of opportunities because the libyan problem does not have

a military solution a reference there to nato mission by several nato states that they are arming libya's rebels and potentially escalating the violence. and i'm going to merkel say they're against military resolution of the syrian conflict where violence between government troops and the opposition is growing key theme today is that news conference was that the troubles across the middle east which they noted were taking place between government forces and civil forces as well should not be fueled by outside forces that was something that both sides both russia and germany stressed today. well if you've missed any of the stories that we're covering on there you can always log on to war website dot com and here's what i also find online for you right now it charges. against the parents of the eleven year old russian boy who confessed to killing a passenger plane with the leis that find out what all parties are doing to clamp down on the growing attention intently problem. and also online

but off limits why a belgian newspapers' copyright round with google has seen the paper's website removed from internet search results are all the details are at home. recovery crews working on lifting the doomed ship guerrier from the bottom of the volga river have managed to finally bring the vessel price however they save your prey to raise it might take several days it's hoped to play a crucial role in finding out why the ship went down in just three minutes meanwhile police have arrested the captain of a vessel which sailed past the pleasure cruiser as it was sinking without stopping to help the director of the rented the boat on the ship's registrar was also arrested fog areas in russia's volga river nine days ago killing the hundred thirteen people became one of russia's worst ever ship tragedies but. people garia

continue to cruise rushing water raises. reports. scenes no one wants to see repeated russia still in shock over the sinking of the river cruise ship big area killed one hundred twenty nine. to. the safety of the rest of russia's river fleet to see for ourselves reach old upstream. like the vast majority of vessels on the river volga this was growth of the soviet towards other battles for diaz and green through multiple odors each one of whom has used the. closely most passenger ships of this war operate at a loss vessel service in remote areas are subsidised would take it's costing as little as fifty cents apiece tourist craft have to get the funding to there is no money for a place once. we are just a small company we could never afford to build our own ships i think with good care

the existing ships can be used for another fifty years. old as it says these ships have passed the latest technical inspections but so did the bulgaria and guard ships to create an emergency alarm or spotty blame for the high death toll. some are calling for stricter regulations including burying the subletting of old ships the small operators what is called make up on a large respectable company sees that a ship is getting too expensive to repair instead of writing it off a possible to a small rural greater and these smaller outfits are often unscrupulous about how they approach maintenance i have no money for autonomy that not everyone agrees is that even if we simply start planning ships we will lose river transport altogether any such measures must go hand in hand with redeveloping the river shipping industry. lemon in chino is one of the new course entrepreneurs and is hoping to do

just that yet he admits that all those new vessels have declined dramatically following the economic difficulties of the last few years. ago for this industry is not going to pull itself out of the current crisis for that or happen the government must take the first step. along with even if this does happen it will take years for the new ships to come on stream in the meantime passengers on an old ship have begun to stop using it because of safety concerns. well he can be scared of everything so i will carry on going on these private i have a happens. either of no see yes lovel. a lot about with the recap our top stories right out of the business things into between. banks and it's the shadow of death now extends from washington to tokyo and covers

the capital of europe the markets are not panicking but the steady drip of bad news is taking its toll politicians are playing a part says e.u. leaders crawl over greece and the democrats and republicans are in stalemate over the u.s. debt ceiling to get some perspective on all this we can now cross live to the board of trade and job to job and standing by c.e.o. of index futures group jack good to see you so there's that political stalemate in washington prospect of the fed printing more money in q e three can you give us an idea of just how confused is this making the market. but you know obviously it's confused that's one of the reasons the market has gone basically sideways here now for the past few months every time it feels as if the market's going to go up and break out of this little malays of course we start to see the obstacles and in the black clouds hanging over the market and then whenever we get cheap incidentally dimitry what we see happen is that valuation starts to play a role because we find the market now cheaper than we've seen it in

a while just kind of on a price to earnings ratio basis so it really is leaving a lot of people now and you also have to throw in the fact that you have got a lot of other problems for instance over regulation obamacare and various other things dodd frank these are things the mess the glee that the market here has to start to digest all of which are playing obstacles and having a very difficult time with pricing the market for you personally was the biggest issue at the moment. i think it is the uncertainty of the over regulation hanging over the market right now that seems to be what's stopping job creation what seems to be stopping the movement of money and that's really what we need to see we need to see what the movement of money of all our city in the credit because quite frankly money is there i think maybe what we need to see is a negative interest rate environment maybe on the part of the fed to force their money into the system of but for me that seems to be the problem and i think that's

the issue that needs to be solved because quite frankly you know what every other problem seems to be if nothing else being addressed. cure three is that actually going to happen what do you think and if it is going to happen how is this going to affect commodity prices particularly oil and coal. great question you know let's find out it exactly how q e two worked before we end up moving three but you know they are essentially q.e. two or three is nothing more than printing up money out of thin air one of the things that people don't realize is that the six to seven hundred billion dollars that was printed up in q e two all went overseas if you look at where a majority of that money went to six hundred billion went to the european banks basically to support their balance sheets in the wake of what's going on here none of that money was really used to stimulate the economy now having said that the aftereffects of printing up more money are evident i think what we have to do is look back in history there are a few times where we can look back at when the government decides to inflate over

growth what are the ancillary implications and one of them of course is the fact that you see both commodity prices and when you prices incidentally go off simultaneously it happened in the thirty's and forty's i think it's happening again over the course of this next decade in fact it leads one to believe that maybe being an investor and being on the sidelines could be the biggest risk to our portfolio ok how do we break this vicious circle then of this money going overseas and is there an easy way out of the debt crisis what should the pessimistic investor do with all this confusion. well i think that the person mistake investor needs to still have exposure to the market unfortunately remember a pessimistic investor right now believe it or not has to be counter intuitive let's go through history and take a look at examples in one nine hundred thirty two for example soybeans traded at forty four cents a bushel in one nine hundred fifty two they traded at four dollars and fifty cents

a bushel this was a conscious effort on the part of the government to inflate. instead of growth and that's exactly what happened we saw the devaluation of the currency so believe it or not the pessimistic investor right now needs to be exposed to canaries needs to be exposed to hard assets it's the it's the the short end of the yield curve it's the people sitting in municipal bonds what would be perceived as safe investments that i think are going to have trouble over the course of the next few years so as an individual i think what you have to do is almost bite the bullet and fine investments that make sense multinationals of course that have exposure all over the world that are part of this global growth story which is not stopping dimitri we're seeing these numbers coming out companies these are record breaking earnings let's keep that in mind ok jack one final question we have time for do you fear a perfect storm could happen in europe rating downgrades for the u.s. and all this coupled with inflation and stagnant growth. well i think that's one of

the reasons we're now trading at roughly twelve point eight times earnings rather than trading at fifteen times earnings remember a market is made up of two things earnings and of course the multiple on those earnings earnings are coming out it's a reality we know these companies are making money the perception side which is exactly what you just described is really manifested in the multiple now that multiple is telling me that those obstacles are playing havoc with pricing once we start to get some of those obstacles removed and i think we will see them removed i think we will see a resolution to the situation in europe there are way too many people that have way too much invested including the russians including the brazilians including the chinese for that to go under and i think as we see our present that crisis be nothing more than a lot of hyperbole which in hindsight it will be then we'll probably move on to the fundamentals of the market which are companies that are earning and giving us a valuation that's very very compelling for investors ok jack good john thank you

so much that was the head of an excuse me talking to him in life from chicago. and that's all we have time for all this is next. for the full story we've got it's. the biggest issues get a human voice ceased to face with the news makers. in india these are made of the.