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tv   [untitled]    August 5, 2011 12:00pm-12:29pm EDT

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the gateway to the grand imperial truly the taj west coast coromandel you can go with her till the close of the show which i sit down to go and. read this in the kennel was her child as a treat. for lots of deja vu markets struggled to recover losses following a worldwide plunge after being spooked by the weakening u.s. economy and e.u. debt. in my private conversation with the presence of siri i discussed the same idea it's good for me to be carried out if you fail to do that in a sad future awaits president medvedev warned syria's president as the siege of an opposition held city continues and more protests are expected after friday prayers . former ukrainian prime minister yulia timoshenko was arrested for contempt of court during her georgie castiel trial sparking unrest outside.
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islam. is on still believe a group of muslims try to enforce tough sharia law in london opening a new front of multicultural tension in europe. international news and comment this is r.t. live in moscow just turned eight pm in the russian capital so world markets according back their losses but remain unstable after the sharpest for since two thousand and eight and raised fears of another wave of the global recession and the slowing u.s. economy and a huge debt crisis that is daniel bushell is following the markets from brussels. the euro virus is spreading to new countries france and belgium all next the record
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high is against germany's the u.k.'s financial services authority has asked british banks to reveal how much debt they hold in belgium on fears that that country could be next italy and spain have entered crisis talks with the e.u. as their yields critical of you guys so now you have investors pulling out of france italy and spain the second third and fourth largest eurozone economies and that is why the investors in the markets are punishing the moment the leaders of france spain and germany are holding an emergency teleconference to try and stop the relevant to coming out the top you have italian prime minister silvio berlusconi and his finance minister openly disagreeing on solutions solutions to the crisis and the e.u. president jose manuel barroso slammed on discipline communication by e.u. leaders for making the crisis worse and germany is furious at such an open
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a tank this time when it's already critical as in europe we've seen america really suffering and raising doesn't tackle the key problem which is making the problem worse giving them more debt and their economy is weak because they know the your the u.s. really started to tackle that key issue yesterday was the wall street. years there was steep slumps in the share price and there are now fears that america will go back into recession which would strongly hit not just america but the whole world economy and u.s. and europe politicians keep trying to reassure the public that everything is ok but it's investors who are really making decisions they're the ones that are pulling their money out of these markets and they're saying with a lot they don't like the situation at the moment at all. reporting brussels well for more analysis on what the market means for the global economy i'm joined from berlin by economic analyst michael ross michael good to see their imbalance or
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what's your view of the situation what's led to the markets to nosedive today. i tell you one thing this is not a normal crisis and this was not the normal crash that we had this week. it was the beginning of the end and you have to be very serious off that i tell you it's the beginning of the end and it will spell also the end of capitalism in my view what is the illness that has to go to all these problems the illness is called debt all western nations all the dead don't lose their credibility and what happens when they lose their credibility then banks are going bankrupt and i tell you another thing only in a short time all the banks all of the most important banks worldwide in the western world will be taken over by government by the governments and another thing it's not the discussion of the euro and the debts in your business of course problematic issue it was the discussion about the debt ceiling in united states that triggered
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all of this mess it had begun on monday after the compromise that we saw in washington which was a foolish compromise and then the market escaped the market participants it's clear from the markets they're sold their debts and we have we are in very very big problems and i don't cannot see any solution at all take experts tell us to call it titian sort of problem all the only cure they're going to know is to produce more debt but that is already. the issue of this crisis is already the cause of this crisis so how can you solve this crisis with more debts so i don't see any solution you say the beginning of the end your there in berlin you did talk about the euro are you saying actually it's the end of the euro the end of the eurozone in sight now. i think at the moment are politicians and anything and everything in order to avoid a breakup in the euro because. let's face it if the euro breaks then
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this will trigger the end of the capitalistic system and we will have a worldwide crash and there's already the fear that it's in the markets but don't only point to europe i mean if you take europe as a whole also with the problematic countries all together they are not as bad as the situation in you know it's the ok ok so this is almost the overseen let me quickly ask you you talk about a worldwide crash as bad as we've seen in two thousand and eight. i think we are we are in a global crisis is global crisis was good. already in two thousand and seven then we. have debt ceiling then we've put more fuel more debt to the system and now we are entering the second or third as you want final step of this crisis this means the politicians and it's the end of their needs what kind of do the only thing that they can do is austerity measurements to measurements need to be solid
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already in portugal in greece that means unrest within the people in several countries so we are in a call this arc but magazine is it is the situation really is bad as it is when we look at how the politicians particularly in europe and of course in the u.s. it seems they seem to be giving the message of total lack of confidence to investors to the markets and it's all about politics rather than the real financial tangible things that are going on at the moment it's not the politicians at fault and not giving people the confidence they need at the moment. you know the politicians the politicians have done everything they could in order to make people disbelieve i mean the discussion about the debt ceiling in united states that went on for ages and all of us for weeks has destroyed the credibility united states and everybody knows also my grandmother but the problem the united states is not solved when they. put up the debt ceiling so everybody knows that we are in
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a big mess that we have right just briefly are no solutions ok just briefly no solution big problem you really are giving a very depressing picture what does that mean for the average person in the street you and me what does actually mean to our lives we are in unchristian ended waters and we have to admit this we have to look for real solutions we must we must see we must admit that this system as we know it is not longer working we have only we are only solving the symptoms we're not going to the real cause what is what so what i can in terms of advise give to everybody is to check out if he has enough precious metals buy some gold buy some silver and i talked recently to a big professor. very well and professor secretly you said ok spend your money as long as you get something for it all right thanks a lot that's all we've got time for
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a fairly depressing whereas for you michael but always interesting to hear what you have to say economic analyst and author michael ross joining us live invite him thanks. a present of a day visiting syria's leader bashar al assad to kick start reforms and end the violence in his country before it's too late to me to me that it was giving an extensive interview to r.t. as well as. radio and georgian t.v. channel p.-i k. now here's a preview for you and the full version of the interview is coming up in about twenty minutes from now. the northeast unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments like that afaik a violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideals reforms need to be carried out which one could should establish peace with the opposition establish peace in the country but in creation
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multi-state if he fails to do that then a sad future awaits all of that at the end of the day it will have to make a decision made it so we are watching the situation it is changing because of our guidelines are to go with them in the meanwhile anti-government protests continue across syria despite an ongoing crackdown by the military reports suggest at least eight more protesters have been killed as the assault on the city of hama continues and says the opposition dismissed a decree from president assad proposing a multi-party government system to say the violence has to end before dialogue begins the u.s. says it's really working with its allies to apply more pressure on syria beyond sanctions. and you can always find more on all the stories we're covering on screen on our website at r.t. dot com also picture galleries blogs an expert analysis we online all the time and some quick look at what's lined up in that right now prison diary and edge gun baron victor booth on trial in the u.s.
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his encounter hardship and an american jails and the political dealings which may be behind his case highlights on the website r.t. dot com. and also there russia's envoy to nato says the alliance is preparing a military operation in violence torn syria just four months after going into libya for more of his interview put on the web site. the. unrest has broken out in central kiev after ukrainian judge ordered the arrest of former prime minister yulia tymoshenko citing contempt of court she's been on trial since its misuse of power while signing gas deals with russia in two thousand and nine. he has more now from the ukrainian capital. good call the country's
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ukraine's former prime minister is placed on the arrest before that she was simply forbidden to leave the country now the trial will continue with her being in the detention center behind bars now indeed the atmosphere in and outside the court building here in central kiev has been completely electrifying over the past month or so this supporters of you to a cycle several hundred of them have been gathering here voicing their protest against what they describe as a politicized case and indeed today the scenes were pretty much reminding of all too familiar scenes from ukraine's parliament several years back fighting accusations all this has been of the picture of today from inside the courtroom from inside the court building indeed one of the former prime minister was taking out of the court building and was put into the armored vehicle which was to transport her to a detention center the supporters of huge masako some of them included included the deputies of the brain of parliament attacked the bus and tried to block its way but
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clearly the policeman made sure that the bus when normally on beautiful as we understand is now delivered to the detention center which certainly is a great fall from grace for the woman who was once considered to be one of the most influential politicians in the world just eighteen months ago units were sent was ukraine's prime minister and now she can find she can easily become the country's most high profile convict back in the times when she was at power in the reins of government as the prime minister had two spells in fact as prime minister ever since the two thousand and five orange revolution those were the times of political chaos constant. political fighting between her and the president and the gas deals with russia which is now she's being accused of striking illegally happened in those times certainly those were the turbulent times now with the new power here in ukraine the power. it still seems to be the power structure seems to be more or
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less stable but clearly this. isn't going to go to china parts of regions made it clear that your intimate friend is a criminal and they believe she is she is to blame for huge loss of money. that is hundreds of billions of dollars and that is why this is happening right now . and it's you know your reporting that i want to discuss the latest developments in ukraine i'm not joined live from london by little cavorting and she's an expert on soviet countries from global insight russia thanks very much indeed for joining us now following seems out there in the ukrainian capital of the moment of the former prime minister supporters protest a rest could we see this on rest grow into something bigger do you think. it's very difficult to say it could grow into something bigger or could be localized my guess is it will be more localized. political movement simply because the elections happened only last year and the machine called last in
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the elections so the country is sort of fighting it and it isn't really. can change the people take to the streets and start political change through popular uprising. pretty famous isn't she for her aggressive political star and we know now of course that she's been arrested for contempt of court could this be seen as a tactic by her to to gain attention. i don't think so i think she's already in the center of attention i think i don't think this was a calculated move i think. she's been always quite charismatic political leader opposition leader and this is her her political style she's very outspoken she doesn't hide her emotions so i don't see any political calculation behind it all very well because we understand the political
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situation is far more stable now and of course the elections happened last year could go though a political motive behind this but i don't. mean he's arrests yes her wrist yes there is actually a hidden agenda behind this a political one rather than a judicial regal one. well. boils down to one argument the president of. abused her power when she agreed to a high gas prices and effectively the current government is paying the political price for it because they're forced to increase domestic retail prices for gas however during tricky issue here is a yahoo core pitch him sell when he was you know suspicions he was unnecessarily acting has in mind the economic interest of the country so to turn.
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the truth go and take her to court to punish for her political decisions somehow amounts to political persecution. could she end up in jail. there is a possibility but we all have to wait and see and what about just finally thinking back to the orange revolution from the movement do you think there could be any other figures who eventually could get in power despite the stability we're seeing at the moment. well the last elections last presidential election. orange revolution leader and former president. left with. i think about four percent. the lowest in recent history. so i don't think he
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has any chance of coming back just have to wait and see how to machine comes out of it but at the moment i think the current authority the current government are quite friendly position. well very interesting developments there at the moment in ukraine in kiev thanks so much for joining us live. global insight russia and c.n.n.'s political analyst in london we have to say thank you thank you. the un's given russia's access to what's thought to be the planet's biggest gold and copper fields for exploration but it won't come easy and the deep sea deposits of the mid atlantic ridge. has the details of the deal. russia has fifteen years to explore the. mid atlantic ridge in order to find out whether indeed this is spector's gold and copper or are you facts contained there and if
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the research proves to be successful if they do find a war in the mid atlantic ridge that that means i should give the grade or easy in the development of that field because it has never been done before no country has ever applied for the development of the seabed interest in international waters until last year china has decided that they wanted to ask for permission to research for any potential valuable tiriel in the in these seabed off the indian ocean so this of course brought forth a many opportunities for other countries who are interested in the good development of such resources particularly for russia there's the the arctic the arctic sea russia is very interested in possible development of a well and gas resource there and back to russia for quite some time has been trying to prove that the alone also bridge in the arctic sea is in fact a continuation of russia's continental shelf and if they do prove that that in fact is the case of other countries agree with russia that that means russia will get to
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develop the possible incredibly rich oil and gas resources in that field of course russia has to compete with other countries who are also vying for the for the peace of the arctic fire in those countries of course are canada the united states denmark norway and interestingly enough china. time now to look at some other international headlines now on our world update that's ahead of the business news with dmitri libya's government has described reports that the youngest son of moammar gadhafi was killed in a nato airstrike as a dirty trick of the rebels claims that twenty eight year old comics gadhafi was among the thirty two died in the raid which says targeted and ammunition depo and military police facility in a town south east of tripoli in may want to give up his other sons was killed along with three grandchildren when a nato bomb hit the house they were in. thailand has its first ever female head of government has been elected prime minister of the party secured
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a parliamentary majority she is the sister of the former teacher who was overthrown in a military coup five years ago he was charged with corruption and respect you know she might try to come back now his sister is in charge. but before that promise business news with dimitri news from london where the islamic leadership tensions of a very different kind in britain at the moment with hardline muslims trying to enforce sharia law in the capital for an abstention taishan. it's been hearing how they want to instill the tough code on the capital. so we are here to tell you that islam. is unstoppable in europe stoning for adultery cutting off hands for stealing death of renouncing islam this group of men is trying to enforce shari'a law in the u.k. they've started a campaign to make certain areas of london and other cities islamic law control
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zones starting with both of east london will be one to go to forbidding evil because of the islam was an alternative to the muslim of an all muslim community also looking to believe that muslims benefit gether trade according to the sharia was all their problems according to the sharia police themselves to logics not hopefully one day to have a summit governments which will have apology locally security locally i do provide water locally choudhry and his friends are fly posting parts of london with large muslim populations they want to ban drinking gambling and playing music and they say they've got bands of young men ready to patrol and in full shari'a law by any means now that enforcement will not initially be in on the level of inviting and fitting but if someone has a capability of a nice wooden essentially equal like a free situation he should do so. by that we would think of course i believe
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that i need a mosque should be run out of the area these muslims say british society is broken riddled with drugs crime and prostitution because of that they firmly believe members of the communities they're targeting will welcome sharia law but the word of the street about the campaign tells a different story comes down so if you don't like the laws of the place you live find somewhere way to appreciate the laws and all of these things are completely legal in this country so this is not indira pakistan this is our own laws people have no rights community no laws in here we often have a costly betrothal but councillor martin east. griese saying this could destroy community cohesion we've. taken. because we do not want these posters around. and they have no place to move from for us this is an equality campaign is real support it shouldn't be considered a religious movement it was
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a dog right political organization with a place to campaign designed to divide and conquer communities danger lies in dividing people divided manatees creating mistrust and particularly among muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then turn to moderate muslims and say look everyone hates you we're your friend turn to us i mean it's a very very dangerous thing and it's a political tactic to increase their own power undeterred by opposition the law childfree and his group plan what they see as the beginning of an islamic emirate not just to be thinking hey all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say they formed bands of vigilante enforcers to make sure she is here to berkeley or physically and in other parts of london women have already been harassed for not covering
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their heads if these muslims ever get their way i won't be able to dress like this on the streets so for them stay or many other parts of london brussels rome and paris. r.t. both of state loved it. i'll be back to recover headlines for in about five minutes from now in the meantime the latest business news with me free. thanks very much bill and when welcome to the business of nato our senior u.s. markets are seesawing even aster positive jobs report payrolls in the u.s. rose by one hundred seventeen thousand workers after a meager forty six thousand increase in june a stronger than expected report sparked a rebound without hasn't so far he's a western from us on capitol police what we've been seeing is a relief rally and logical ground. i think that what you're seeing is it's proving that the u.s. economy is still growing but more than that. still people are worried about
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a recession i think we're just seeing the market rebound is really investors clinging on to a little piece of good news in this kind of environment so i don't think we should read anything. too soon to say and people were watching the coming data very closely and the issues that were negative issues that were there yesterday are still there today it's just sort of a little bit of golden lining if you want this is what we call a relief rally which is easily can turn south again if you see something coming out of spain and italy or anything else coming out of us very slowly returning downwards again one global in a season fluctuating. capital group says russian markets are likely to be the first to see an upswing. russia has had a fantastic run look at the noise it's not a great run over the last few weeks or so slowly start to come off it's coming off from the highs and with the increased amount of exposure to us that with with
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a high amount of exposure to the oil and gas markets i feel that there is near downside for for russian equities to be had but when the recovery comes it will come at some point then the russian market does seem very well positioned to benefit quite significantly from its. fryers move to the markets and we start with the commodities oil prices are coming down yet again light sweet laws are par for dollar for the sessions now down under two to eighty four dollars fifty four cents brant and just a one hundred seven dollars per barrel this is on the back of course of worries over global demand for crude because of problems in the united states where the dow jones is dropping get another half a percent of nasdaq one point six percent after their biggest one day drop on first date since december two thousand and eight so what we're seeing in europe at the close is also a negative picture of the four c.
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and the backs down by another two point seven two point eight percent having fallen by three point four percent the previous session banks were one of the main drags world by the scruff and fooling twenty one percent at one point after reporting a second quarter loss but of course the share gain back by the end of the session. is in russia joining the panic across international trading floors of the r.t.s. shedding three percent nice next two percent at the close look at some of the individual share movers then energy stocks some of the biggest losers gazprom losing two point eight percent two and a half percent telecom plunged eight percent this will be off the reopening of friday's session but managed to close three hundred percent. and is in southie will react in fifty five minutes time with an update to bill's next.
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we'll. bring you the latest in science and technology from around russia. we've got the future of coverage of. the.

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