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tv   [untitled]    July 29, 2011 11:01am-11:31am EDT

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or in aviation history they've been given the truth and the truth is on bearable they can't take it i don't think that the polish investigators think they can pin the blame on anybody else but i do think they are looking to pin some of the blame on somebody else but certainly most of the points voiced by the commission point. the flight crew at their inadequacy decisions at their low qualification while flying this plane but some of the things they talked about were directly pointed at to russia that the air traffic controllers were reportedly misleading the pilots and that the airfield in smolensk was reportedly not suitable for such landings and wasn't very hard to land in particular as one good example to that one of the experts mentioned a tree which was higher than the required standards which destroyed the left wing of the plane after which the plane collided and fell fell into the ground and was
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destroyed the other acts quickly refuted such claims of. this point there is an obstacle a tree that the aircraft collides with the fragment of the left wing is detached the aircraft begins the rotation let me emphasize it's not that the tree was too high the aircraft had simply been at a location where it shouldn't have been some experts already say that this report represents something of an attempt to please everybody both in poland and in moscow so definitely this case has been very heavily politicized from the very first moment and will probably have some continuation of the story and in the latest news we've heard is that the country's defense minister has stepped down from his position after this report was was made published by the commission won the polish politicians been telling our crash report tool in the country's upcoming parliamentary election campaign. this could be exploited also in the political
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electoral campaign because this should be known that the. parliamentary elections do. all that but it will be used as it in the electoral campaign but the main message for the police under such circumstances that should be. given the best selection of the group given the conditions given that. we did. not do enough draining the. minister of defense that stepped down yesterday should step down immediately after the crash. where across developments and we'll bring you more competition expert opinion on the results of the investigation and we've also said the details of the plane crash including firsthand accounts from witnesses all available to you anytime you like dot com and one of the credit rating agencies is warning that it's
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reviewing spain's status among the main reasons is the pressure of the big now the greeks. to have more from the trades. he says just announced that it wanted to downgrade spain's rating spain's bonds have already fallen by several percent and the euro has fallen as well now this of course is happening to the fourth largest economy in the eurozone and you would think it should be better off but spain has been plagued by some very serious economic problems there's of course the very large outstanding debt as well as the unemployment we're already used to hearing about the so-called big c. countries being in economic woes and that of course is portugal arland greece spain and now italy is also looking at some major issues as far as their economy is concerned by now also the the heavy drivers of the european economy for half. germany are also finding themselves in sort of hot water because just
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recently in the i.m.f. has said that france has somewhat been too optimistic about the evaluation of its prognosis and actually may not be as well off as the french authorities have hoped . have hoped the country to be the problem is these are things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one nine hundred seventy four this is typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness salute goes through the boulder ultimately you have to decide when to amputate it and the truth is. to greece from the euro. so that leaves germany and germany is already bearing the brunt of basically pulling the entire european economic structure out of the sinking hole that is that it's finding itself in recently this is coming right when the voices of discontent among the eurozone critics among the euro skeptics are growing louder and louder in fact
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they're saying that the euro. zone critics are saying that while initially the eurozone was created with the hope of pulling up the weaker economies quite the opposite is happening there weaker economies are going down and they're dragging down the stronger economies with them so this latest forecast for moody's is actually very bad news for the eurozone and for the euro as well. and it seems the crisis is drowning else some of. the players there's anger and disappointment is there that here is one of the poorest e.u. countries as pressure to chip in to play out its proper neighborhoods. in the u.s. the kong ticks towards tuesday but squabbling lawmakers still consecrate on how to stop america's massive debt from falling off a cliff and into default from that getting china angry america's biggest lender things washington's being a dangerously irresponsible world dr william anderson is
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a. professor of economics at frostburg state university and he joins me now to talk about this to us and so many it has being with us here when our president. has just called for a joint party solution to the u.s. debt crisis but how can these tea parties they become their differences over the weekend if they haven't been able to do so in the past few weeks well it's a good question right now what you have or is basically political theater everybody's trying to make a statement and in the end they'll come up with some short term what they call a solution but the problem is this that these folks in washington are delusional you know look we give the example of. you know during the end of world war two everybody who has bunker thought they could still win the war when the russians were outside you know in already in the streets of berlin i mean we have to understand this is
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a situation is not sustainable and unite that they can talk about short term solutions but they have allowed this thing to go on to a poor and we're either going to have to admit defeat or defeat is going to be there for them ok as you talk about this being a political theater tricks that we're seeing let's talk about china now it's called the u.s. actions. and as dangerously era sponsible they's a pretty strong words that it's not risky for the u.s. to be irritating its biggest lenda oh absolutely although i'm sure the u.s. government spokespeople there will say they owe china is a predatory lender i don't think so you know we've been we've been playing this game with china and sooner or later they're going to get the they're going to come to the understanding in china that maybe the united states is not a very reliable borrower and certainly not
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a very reliable business partner and least least the government is not reliable in that way so i you know those are strong words good frankly i'm glad the chinese are farley saying something that i know by the way i'll guarantee you they've been thinking this for a long time but now they're finally coming out and saying and something radical economists the suggesting that someone is patients could run out to the extent that it might actually dump the dollar as it's reserve currency is that just kind of sky thinking that it will so how likely is that to happen and if anything did it begin to find out how would that affect the global market. well if they did that obviously devalue the dollar would fall and what would happen would be that people in this country would have the same experience of people in indonesia had in the late one nine hundred ninety s. where the value of their currency fell overnight and all of a sudden lot of things were much more expensive for them and yet they still have
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the same incomes are i don't think china will do this deliberately but here's the problem is that as long as you're relying on inflation and that's what this administration has been doing for the past three years it's basically just been trying to send as many dollars out there as possible when you do that it has an effect also own other words there devaluating the dollar anyway and they can blame it on the chinese. they can blame it on each other or whatever but the problem is this that we cannot save the world we cannot save the world economy and not our economy by just shipping dollars everywhere ok we're looking now at china again briefly it is one of the few nations in the wild on an economic rise at the moment does not give it leverage to get the yuan to swell with the dollar and for china to become the wealth eating economy. will china has a long way to go before it could be the world's leading a column b.
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but they've been doing some things where i do believe that there are going to be some. bad investments there they're going to have to deal with themselves and it's all like the chinese can withstand this real look we're talking about here sort of a global financial collapse here's the thing that we should have dealt with this three four years ago when it was really hitting the fan unfortunately they've kept putting it off and putting it off but i think that china certainly is going to come out better than the united states because frankly do more responsible. william and us than essays the professor of economics. you know has the merit of many things feel thoughts thank you. what you think of events currently unfolding at all dot com and you can bring up the ground figures show you what people are thinking well right now to save the hoff if you are convinced that there's no choice america has to agree on raising the debt ceiling while thirty
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nine percent. believe the political for across the nation will send everyone else's economy into freefall and eight percent of you say that time's running out the folders on america's doorstep tell us how you think it will pan out it's all for our needs then that this is going to give us your. well the crowds about. five months of president barack thousands of people there what is one of the largest demonstrations since the uprising cairo based journalist and blogger austin machall says a religious risk developed. the protest planned for today was originally billed as the day of unity and it was a sign that liberal and islam as forces were going to come together to continue their push for sort of basic democratic rights but down in the square i was just down and before i came here this is
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a huge number all. muslim brotherhood members but it's these deadly the most just to where has been. the time that i've been here and they there's many chance of. islamic identity the sort of islamic nature of egypt which is cause some friction with the. secular forces who are normally it isn't you know forces dominating toughly they're the ones who run the would be running a sit in there for a month since the clashes that happened at the end of june but today. the islamist but. now has a similar rest in neighboring israel public square as a sea of demonstrators camping out calling for social justice and the prime minister netanyahu to do a big protest is planned assassination of palestinian israeli genest as abu thyra says the similarities with egypt. two thirds of the poor in israel are working
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poor people who are working every day people who have a great jobs and still are not able to go above the poverty level so that's a reason that people are coming out of the street if you look at how the protesters started it's almost identical to how it started in egypt and internees and other places started through facebook somebody who made a post on facebook through social media that's how people organize or was organized completely in the beginning by the young people in israel students people who feel that they have no future people who feel who can't afford living here in the ten years realizing that this is not the way to go forward and he's trying to figure out ways to deal with it because the government could definitely fall its role and these are ground and i think he is in danger especially that the process and the only while israel has been under a building in tel aviv and haifa and all these major cities in israel is all have been overbuilding in the west bank focus of the israeli government at the moment is more sustaining the occupation and more sustaining the settlements rather than
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caring for the majority of the population who actually opposed to the lands and opposed occupation and israel proper so that the problem here though is a still many israelis have not been able to make that connection and the more and the sooner israelis make that connection realize that the accusations affect their daily life effects that the pennies that the government spending the money the government spending in the west bank verses in israel i think you will see a real revolution in israel. top stories is available for you of course that dot com and here's what else is online for me right now a huge block of coal mine in crane seventy nine miners still felt trapped. underground reporting all that unfolding disaster plans. it's like when you come home and discover somebody else's body guard sitting in your bedroom he's been sent to provide your security who's going to like that target unknowingly russia's naysay envoy tells art scene he is going to save the american missile defense
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program in europe because this clears that interferes in a pool that. libyan rebels have declared three days of mourning after their military commander and two of his aides were killed another forty yunus was gunned down hours after rebel fourteenth reportedly arrested him over his family suspected ties to colonel gadhafi regime units have been given his foreign minister before he defected to the rebels at the beginning of the revolution the national transitional council made a killing on the gadhafi forces and claims how to rest at the head of the group responsible the consequences of that it will depend on how deep the commanders and those connections really around us according to one of father's advisor to
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americans and details of the caucus. the consequences of his killing could be either short ramification or vaster mitigations if indeed he was only an individual or even a high ranking official who still relationships with the gadhafi regime then his killing would be it would be the end of the. if it's the other case is he and others inside the council the interim council of the bin ghazi power have been in opposition to another force a militia force it could be other military opponents it could be the islamist militia of the jihadist or another tribe if the case is deeper then the concern is more serious in the west that there could be more clashes in the future or more tensions within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be
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part of these investigations. these in brief this hour now and the first funerals for the victims of norway's gun and bomber towns have been held in all slow a week after the tragedy after a memorial service in the capital crowds gathered leaving a massive floral tribute to the seventy six and died meanwhile the man whose confessed to both the massacre and bombing is. the question for second time by police. clashes have erupted not container is police trying to break hundreds of school michael cultural lands three people have been killed and dozens injured in a violence story on employed and homeless questions we are going to live by. that argentina is jobless. now if this is the all sum up power of a massive landslide it's want everything in its power in south korea to check out these pictures it's a result of heavy rain and floods which is sweeping the country leaving fifty three
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dead and many more are missing with a landslide that also thought to have sent paws of north korean landmines to watch and to the sounds. we're turning to our top story now the bailout affects not only the richest but also the poorest members of the usa so back is a commie has never been too strong but it risks being crushed of the weight of the current crisis r.t. sarah first reports on whether the hero membership is failing to live up to its promises. they say that charity starts at home also a vacuum may be one of the poorest countries but with pressure from the e.u. to participate in a second bailout their money could soon be going to greece eight of them will tell you what joining the euro zone brought responsibilities but not benefit in fact slovakian pensions a significantly lower than days in greece people here at this home michelle to tell
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us they barely cover their food costs with the money they receive we have to now. deal with homelessness we have to reform our pension system our health care system this never enough money. that back in two thousand and nine when slovakia joined the year is a it was such high hopes it was also kind of prestige to be the first one among hungary and public polish polish people read about for the one from central europe to be you know in the zero club back the year using it seems isn't all it was cracked up to be as we joined euro zone there was a list going through that was saying that that's of one country liability of just this one country in may two thousand term the rules change dramatically there is left as of the year a gang may well now be breathing a sigh of relief the fact neighboring new year is in countries have felt the
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benefits slave actual peers have been heading to their check out in a bid to escape the year a we come just across the border from the backyard to the czech republic where these super store outlets doing a big. in business more and more people make the regular journey to do their shopping because the prices here is simply much cheaper with people now shopping outside the country vacuous retail revenues have fallen dramatically in the high prices mean the tourism industries have been hit hard certainly not the results hopeful when they first joined up but every club has its leaders and what they say apparently gays even if they're the ones who got you into trouble in the first place you see be created this is the reason that all of the countries in europe are . home with. the greek bonds are as good as german bonds. made possible for greed. so much money back in may be contributing this
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time it's left many of those at first so eager to join the euro gang feeling they're now simply being pushed around sarah fed so back in how things is this our business update on the way now with katrina. for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. in india oldies available in the movie the joint the hotel rooms the villains the gateway hotel the grand imperial. george west coast girl until you can go with her tell her to say don't need to go publicly and read this and the colonel was hotel as used to retreat.
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hello and welcome to our business in america i'm going to have you with me in four days the u.s. government will run out of money the democrats and republicans us to arguing over how to cut the deficit and stalling on raising the debt ceiling the market still believe washington will act in time to avert disaster and have a beginning to say. but i think we're now getting to the stage where people are really going to be concerned that a deal may not be done a lot of economists and strategists an analyst start to be quite vocal in their criticism of washington saying come on guys it's time to sort it out i think a lot of nervousness we're all waiting for the last minute deal i think markets will give the poor be until monday or tuesday but i just think it could turn very quickly i think you could get a run in confidence very quickly. let's take a look at the markets now precious metal prices are makes is so horrible they're still high as investors look for safe haven due to uncertainty to u.s.
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debt the solution after republicans council to vote on the deficit reduction plan turning to oil now a new report from europe's biggest oil company rolled up shell time of low cost oil and gas is at an end it says finding resources will be more complex and more money and investment but for today at least the market is down as the problems in the u.s. to chip away at investor confidence light sweet is currently trading below ninety seven dollars per barrel while brant is in one hundred and seventeen. stocks in the u.s. are mixed this hour after opening shopper lower that stopped the government said because of you grew less than four counts in the second quarter bank of america's leading on the dow jones up point eight percent but merck is dragging the index down four and one point eight percent. and it's not looking too good in europe as well where moody's rating agency has put spain on review for a possible downgrade disappointing u.s. growth rate is weighing on the bark its banking stocks are leading the fall with
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shares of dexter down. in lloyds and both down over three percent. russian equity markets and the weak in the red following global trends. and the percent respectively now let's take a look at some individual moves on the minds legs all mages were among the main losers amid week of crude to last over four percent the banking stocks were also on the pressure would be t.v. dropping over two percent and bucking the trend was power generated into a rout gaining almost four percent. russia's biggest lenders a bear bank is one step closer to acquiring folks back international supervisory board of the european company has approved the sale the banks reached agreement earlier this month but no details were provided analyst estimates the takeover at around seven hundred million. dollars woods burbank planning to finalize it by the year and the acquisition is aimed at helping the russian company expand its activity in the east european market. russian car age and car
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giant after vas has turned a profit for its french shareholder rayno for the first time they can make a managed to squeeze thirty seven million euros out of its affiliate in the first half of the year that compares with a fifty six million euro loss at the same time a year ago the whole rayno group reported a fifty six percent jump and the first half that profit. that's all for now but join me in about forty five minutes for more updates here on business at. coming.
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we'll. live them is. just simply. just see to. see.
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and so forth now here musgrave this is the. they've been given the. truth and the truth is bearable poland reluctantly admits its responsibility for last year's plane crash and the nuns that killed the nation's president but the report produced findings still trying to shift some play to. spain's credit rating faces a possible downgrade as the greek debt continues to fuel its year is very unstable the instability becomes as germany refuses to sign blank checks on out. its.
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rival policies in the u.s. continues to wrestle over the debt deadline as the choose day deadline looms meanwhile washington's biggest lead sign is rapidly losing its picture its. council has come out and is rather to protest against poor living conditions song already drawing comparisons with the tinier uprising that simply egypt's need to ousted and . i think. whether it's divine inspiration that's being used to drive the free market economy that's next. wealthy british. margetts weiner scandal. find out what's really happening to the global
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economy in these kinds of reports on r.t. . if you. still. follow in welcome to cross talk i'm peter lavelle does the lord need marketing some are selling christian rock jesus jeans and even jesus pills is this the right way to promote christianity in the twenty first century or is it a new profitable nice for those who have nothing to do with faith. and you can. still. discuss christian marketing i'm joined by you and danding in london he is director of marketing and communications at the u.n. doing marketing consultancy and in columbus we go to philip ross he's a pastor.

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