he's in his more than forty years of being off 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 uses 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 is 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 presume 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 deploy those weapons of mass destruction to people all over twitter during attention to the old 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 commissioner support stephenson his assistant commissioner mr yates has also appeared they face questioning over this this cozy relationship between the press and the police stephenson also faced questions about his handling the police handling of this investigation into phone hacking in two thousand and nine and you also admitted that no fewer than ten former news of the world journalists have worked in the met press office now a lot of people are suggesting that the taking of pride to the alleged taking of bribes by police officers from the journalists is a symptom of essentially endemic corruption in. because in place and police all

over the country i went 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 harwood how would said he'd been prevented from giving first day by a bottle throwing more he later admitted that had happened john schollers damon as as shot 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 wasn't true. less well known is michael daugherty a man who went to the police for help only for it to turn into a calf esque web of allegedly false statements and mistreatment. i obviously have no protection from in this country i think. daugherty 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 it's just great for us in american history about my house. police came to dougherty's house to dorn 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 haven't looked at any of the evidence the police secretary has since admitted she has a hazy recollection of the telephone call she said upset her so much but only when presented with tapes of the conversations daugherty 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 anything different than. i think this is this is normal. they

need to be held accountable in the same way that anybody else would in a court docket is a count of lawyers interests meant 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 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 but it does show that there's a sort of endemic corruption and a failure of accountability and oversight. to. 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 they were they were meeting them for drinks privately one even hired them at 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 at the top of the police look at the example that gives the officers down down the lines the home secretary has announced a review into the workings of the police to rebuild public trust that of 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 from 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 lot like many are now asking how justice can prevail you are at it r.t. . you know with r.t. still ahead this hour searching for those as recovery from trying to lift the sunken vessel on the volga river hopes of growing finding the truth behind the

tragedy of one of russia's worst ever shipping disasters. israeli commandos have forwarded 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 fertility that was prevented from leaving a greek port three weeks ago our corus want to put a fear is across the balance in israel. just before noon local time today tuesday the friendship which is known as the detail was 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 want him that if you went any further they would be. 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 they're all sixteen people on board the ship ten of them are passengers three of the crew three of them are german that this is the furthest that any ship so far in this freedom for to the 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 wanted to because they have a mob in monterrey and they simply do not want to see that happen again so they added pains to try and see this dealt 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 that ship is in the israeli port city of ashdod according to the israeli army spokesperson and they

have the passengers on board will be dealt with by the israeli immigration police but the question of just how the israeli action is all still remains a very important question there have been at least four separate investigative committees that were set up last year to look at how the israeli soldiers in that. incident how they dealt with that knowledge you information once consuls found them to quote them that the israeli actions have been clearly 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 did last year at hashmi 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 starships is in fact illegal. moral me implications of the board of all of the goals about humanitarian vessel let's talk. about the from

the group which protects the freedom of movement palestinians many thought the speaking to us was bashing now the activists on the boat said they were carrying any humanitarian supplies and that they were a was just to draw attention to the mission is to be a provocation. 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 legal 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 allowing that at sufficient levels the closure policy which the activists are

protesting is illegal ok let's hope. so last year when we saw a massive public outcry all to the storming of the tokay shade ship that left some . people dead well to an incident like that do you think that israel has been mindful. if you like this time to protect its reputation. yes certainly i mean last last year we saw a tremendous use of force. 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 nor 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 if these if these people had entered israel and tried to enter gaza from israel they would not be. allowed 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 like you for example israel is preventing people from travelling between gaza and it was going to say we have this quote israel's and many people are traveling leisurely guys on the west in collier house allowed three pounds of gold and into egypt in the entry of goods from egypt into gaza so all aid for to this kind actually necessary and. well humanitarian aid enters gaza via the israeli controlled crossings and it enters into fission quantities but no goods are allowed to travel back and forth between roughly crossing and 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 via 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. from a legal center which protect the freedom of movement of palestinians many thought on the. trade and energy have few talks between the leaders of russia and germany and holloed of europe's biggest economy growing and most capable of blocking that out the bushell's been following the high level meeting for. germany's decision to shift its nuclear stations. for the likes of. john is hoping to toil in deals here in which he really sees the job because the stepping stone to the rest of the european. union germany in turn sees opportunities in russia in particular the vast modernization program of russia's

infrastructure and else 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 its early 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 currencies come to the fore a subject that he's raised in the past there is a particular friendship between angular merkel to meet from it better perhaps two of the closest partners on the walls stage and that was very much present here in the talks today now we've heard that president medvedev has been quit 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. i'm going

to prevent have 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 foreign military intervention in libya and the escalation of violence is something of concern to both sides some upset it is a little saying you shouldn't even though we thought that the resolution will be implemented that warning to what it says a no fly zone that's 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 libya it is very bad so i think we should continue 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 submission by several nato states

that they are arming libya's rebels and potentially escalating the violence me to madrid if and i'm going to say they're against military resolution of the syrian conflict where violence between government troops and the opposition is growing key theme today's 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 these stories that we're covering on there you can always log onto a website about the home and here's what else you'll find online for you right now charges being forced against the parents of an eleven year old russian boy who confessed to killing a passenger plane with a laser pen find out what all parties are doing to clamp down on the growing and potentially deadly problem. also online but off limits why

a belgian newspapers' copyright round with google has seen the paper's website removed from internet search results all the details were. recovery crews working on lifting the doomed ship bulgaria from the bottom of the volga river have managed to finally bring the vessel upright however they say the operation 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 cruise that as it was sinking without stopping to help the director of the firm that rented the boat the ship's registrar was also arrested the ball garia sank in russia's volga river nine days ago killing a hundred and thirty people it became one of russia's worst ever shipping tragedies but vessels lanka bulgaria continue to cruise russian waterways as. reports.

seems no one wants to see repeated russia still in shock over the sinking of the river cruise ship. killed one hundred twenty nine. but attention now turns to the safety of the rest of russia's river fleet to see for ourselves rechanneled upstream to the city of heroes. like the vast majority of vessels on the river volga this one was built on solving the tides and in the last twenty years that's been through the house. as each one of whom has used it to lead closely most passenger ships additional operate at a loss vessel service in remote areas are subsidised tickets costing as little as fifty cents apiece but tourist craft have to get city funding too there is no money for placements in the us because you're sick we are just a small company who could never afford to build our own ships i think with good care the existing ships can be used for another fifty years. the owners and says

these ships have passed the latest technical inspections but so too did the bulgaria and that ships had to created emergency alarm was partly blamed for the high death toll. some are calling for stricter regulations including bearing the subletting of all ships to small operators but you've got make up on a large respectable company sees that a ship is getting too expensive to repair instead of writing it off they pass it on to a smaller operator and these smaller outfits are often unscrupulous about how they approach maintenance and have no money for autonomy but that not everyone agrees. that if we simply start banning ships we will lose river transport altogether any such measures must go hand in hand with redeveloping the river shipping industry. lemony in chino is one of the new class entrepreneurs is hoping to do just that yet he admits that orders for new vessels have declined dramatically following the

economic difficulties of the last few years and. this industry is not going to pull itself out of the current crisis for that to happen the government must take the first step you will work with even if this does happen it will take years for the new ships to come on stream and that means asbestos on an old ship if they're going to stop using it because of safety concerns. well he can be scared of everything so i will carry on going on these ever by whatever happens. either of. yaroslavl. that with a recap our top stories right after the business teams with dmitri. banks alice the shadow of death now extends from washington to tokyo and covers the capital of europe the market's not panicking but the steady drip of bad news is

taking its toll politicians are playing a part says e.u. leaders quarrel of a 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 john john is standing by c.e.o. of index futures group jack good to see you so 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. well you know obviously is 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 and 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 the movement of money a velocity 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 that money into the system a 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 every other problem seems to be if

nothing else being addressed. q e three is that actually going to happen what do you think and if it is going to happen how is this going to affect the modesty price and protecting the oil and gold. a great question you know let's find out exactly how q e two worked before we end up moving out of security three but you know 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 off in q e two all went overseas if you look at where a majority of that money went over 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 could 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 equity prices incidentally go up 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 a portfolio ok how do we break this vicious circle the end of this money go. season is there an easy way out of the dead crisis of what should the pessimistic investor do when all this confusion. well i think that the pessimistic 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 or instead of grow and

that's exactly what happened we saw a devaluation of the currency so believe it or not a pessimistic investor right now needs to be exposed to commodities 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 of 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 that the folds 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 debt 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 but john thank you so much that was the head of an excuse me talking to you live from chicago and that's

all we have time for ellis is next with headlines. for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. in india she's available to move go and join the hotel rooms a movie that's a great way to go to the ground imperial. told us to.

say don't need to go and. read this in the kennel was her job as a treat. as . this is a muddle good medium only kings being grilled by and over the phone hacking. planes with son are answering questions about being a one of the now defunct news of the world news and like she is from the here and current taking place in. israeli commandos taking a british ship carrying a probe palestinian activists in gaza forcing another attempt to break the scenes the fate of the region the vessel was boarded in international waters and has been taken to the israeli port of ashdod. powering all day says it's paid. when the

the energy demands of europe's biggest economy and the leaders of russia and germany and how they believe me and on syrian crying seems what will say that the talks a small scale is still has been a compromise between kind of the rebels on avoiding intervention in syria. and stacy on the financial fairytale which some economic heavyweights appear to be moving that's in the cards report go away. max kaiser this is the kaiser report america's going down the drain well let's get all the details of stacy herbert well max that's what you would think if you listen

to moody's now my first headline is actually a tweet from eric schatz or from bloomberg ron paul tells me triple a reading probably not worth saving moody's part of political theater yes well it's interesting isn't it because moody's they've run out of foreign countries to destroy what they're corrupt ratings and now they're so they're targets on the united states so this is exactly what was predicted by marxism at the capitalist will sell themselves the news to hang themselves well the oligarchs i don't think you could call these people capitalist but i'm also noting the word theater and you often see that in the terms of war the war theater. and i think this is part of what moody's is the rating agencies are part of the banking occupation globally they don't recognize any nation while they are are going to downgrade they've already put them on notice people.