tv [untitled] August 8, 2011 11:01pm-11:31pm EDT
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well can be alone a show where you get the real headlines with none of the mersey can live out of washington d.c. now and i will speak with anthony rand as a reason about the downgrade of the u.s. debt and the stock markets we could fall today also look into a new report about waterboarding still torture guantanamo bay apparently our officials think that if you just give a different name doesn't count as torture and web sites for sugar babies and sugar daddies are seeing an uptick in members especially students looking for a helping hand to pay off their debts we're going to speak to one writer who actually tried it herself we're going have all that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. this weekend we saw a horrible tragedy unfold in afghanistan and in fact it was the deadliest loss of life in a single incident for u.s. troops and all ten years of this war transport helicopter went down killing the
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thirty eight people now thirty of them were american forces and most of them elite navy seals on their way to help fellow troops witnesses say taliban fighters shot down the aircraft carrying thirty american troops seven afghans and one translator we've actually heard this story before from the taliban they're the ones who told us that this is the currents that happened in wardak saturday night. so nineteen navy seals three support troops lost their lives as well as three air force controllers seven afghan commandos and afghan interpreter and one military working dog that's a horrible reminder to americans that live far away from this violence that there is still a war going on at this time we saw the mainstream media respond with heartbreaking interviews of wives and family members describing what it was like to get that knock on the door telling them that their loved ones passed we saw the mainstream media go to their foreign affairs and pentagon reporters to describe the investigations that have been. launched to find out what exactly brought this cost
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her down and if the taliban's claims of responsibility can be believed and we saw the mainstream media actually remember that there's a war going on now you might be a little bit confused at this point you might be asking a lota what's so wrong with that isn't that what they're supposed to do isn't that what you constantly criticize them for is not covering the war and yes you would be right so today i applaud them for covering this heartbreaking story but it's not an excuse for their lack of coverage every other day don't forget last year only four percent of news coverage on the cable networks was devoted to the war in afghanistan last year was also the deadliest on record for u.s. troops until this year came along and what gets to me is the inability to connect the dots to keep the story going question why we're in afghanistan anyway why we think the situation is going to get any better or will see any fewer deaths if we're still fighting the same enemy on the same mountainous terrain using the same helicopters that fly low fly slow and are susceptible to a rocket attack no matter if it's
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a special ops helicopter or regular old army national guard chopper and here's an interesting point that david x. pointed out from wired's danger room today and that's to gauge are being launched and some reports say there was a rocket propelled grenade that took the chopper down but it could be something else could be a chopper killer as x. called it an improvised rocket assisted mortar that special has special rocket boosters and it allows insurgents to fire from a distance in most cases and something that was used in iraq since two thousand and eight but if this was what the taliban used them like x. wrote it's a telling sign of the taliban's continued ability to adapt and to innovate all of this despite the suppose it gains in momentum that we've seen according to general petraeus when he was still heading this war so let's be honest it's not going to get any better and more lives are only going to be lost before we see a real withdrawal of troops in the mainstream media like so many politicians that we see out there only chooses to focus their own tent attention on this war when it's convenient when they can exploit it and we see a loss of life in
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a huge number despite the fact that troops u.s. and international and afghan as well as afghan civilians die every single day but all those other days they choose to miss. now if you are watching the markets today was not a good day after s. and p. downgraded the u.s. debt rating to a double a plus on friday night concerns over how the market would react had to be dragged out through the weekend everybody anxiously waiting for monday morning and today we saw those results stocks sank the dow close below six hundred points the u.s. treasuries didn't do so bad but moody's has so far stood by its rescission to not downgrade the u.s. debt said that if the partisan gridlock in washington does not stop it might change its mind in the future but that's exactly saw over the weekend was more partisan finger pointing as to who should ultimately be blamed for this downgrade and
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speaking today president obama tried to regain an optimistic tone the better what some agency may say we've always been and always will be triploid talks. so is obama right or is it a little too late to justify patting ourselves on the back for being america fourteen trillion dollars and here to discuss this is anthony randolph though director of economic research for the reason foundation thanks for being here tonight so let's look at what happened obviously the dow closed below six hundred points six hundred thirty four points i believe and everybody was expecting this right most people lost that marit last time i started out and a lot of people were expecting bad news they thought that they might react negatively today but then u.s. treasury didn't really do all that bad so how do you describe that actually the treasuries fell today which meant that there was more demand for us coming out of this and i think what that probably speaks to is investors are the ultimate
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arbiters of what the credit rating of the united states is you can have these ratings agencies say all they want we concluded we should probably be criticizing them and taking everything they say with a grain of salt because of their failures during the housing bubble crisis so one rating agency says look we have problems with the political system and we're going to downgrade but then the investors come along and they say well we're freaking out because of the economy and so we're going to dump our stocks but we think that the united states is going to pay back its state in ten and twenty and thirty years and so people buy in and that pushes down but it's a because investors don't really have that many other options of where to go right now especially if we look over in europe the crisis there is what is propelling a lot of this uncertainty and people are looking italy they're looking at greece and so it's kind of like choosing between you know due to bad apples and i don't know do you have to go to whatever is the better of the two bad choices where we have some severe problems with global markets right now even if we had been downgraded on friday markets were already trending down a massive losses last thursday the only reason there was
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a slight uptick on friday was because we had a better than expected jobs report but it was still a really crappy jobs report so we have all these negative economic indicators we might have lost probably not this much if we had been down. but there probably would have been losses in the market today anyway you can't go to europe market from tel aviv to the asian markets everything started to lose value starting last night for them monday there's not a lot of places to put money and people believe that the united states government is going to be willing to pay its debt now that being said that doesn't necessarily mean the s. and p. is wrong and actually you might even call this the alone a downgrade because they're saying everything that you've been saying on the show for a long time is the political system is broken we don't think that people are going to be on capitol hill to the white house back and forth or they're not going to be able to come together to broker a deal to responsibly deal with our fiscal problems that i am with you there right even though even if s. and p. is right and even if moody's is pointing fingers at politicians and tell me if you saw the same way i did which is that they're saying if you can't stop the partisan
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bickering then you're not going to get anywhere not going to solve the deficit crisis or debt crisis and then we just saw over the weekend everybody going on the airwaves everybody going on t.v. thinking it was the tea party or no is obama and it was this guy it was that guy they just proved on the rating agencies right supreme leader ironic absolutely what changed between last monday and last friday for for s. and p. to downgrade nothing except for the signing of the debt ceiling deal and simply decided that they were going to wait to see what happened they've been saying all along that look we might downgrade even if you guys do put together a deal it's not big enough they waited a deal got put together they sat on it for a couple days they thought it through they waited for the market to announce this after the markets closed on friday so the markets would have the entire weekend to kind of digest it and what not they said look this deal is way too small we think that the political system is broken and then the political system you know and all the sunday talk shows prove once again that is broken and that the thing is. both political sides are right they're both wrong you know the white house is right the
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g.o.p. is ridiculous and not considering any sort of revenue increases those revenue increases don't even have to be tax hikes we can bring in revenues without raising taxes but the tea party is opposed to that the white house has. there's a lot of blame for this too they could have months ago they could have way back when we started talking about this in february march april may they could have said no matter what happens we have the revenue to pay our debt we have two hundred billion dollars coming in we've got ninety billion dollars going out each month as we're paying offered it no matter what happens we're prioritizing to pay our debt but they didn't say that because that would have given the political advantage to the g.o.p. so they decided to play politics with the debt ceiling to say the white house a lot of blame the tea party has a lot of blame everybody everybody's a far cry with you everybody here is at fault but so what you're saying is you say right that ultimately the u.s. is going to be able to pay its debts or that we will pay our debts and alan greenspan actually happen to be on t.v. this weekend and he kind of said the same thing and said that idea of a deep hole is ridiculous and take
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a look at why the united states could. because we could always print more of the to do that with the resume probability of the fold. why is that the problem why do we think that we can just always print more money and everything is going to magically disappear and all of our problems will vanish that this is part of the problem is that we can't just keep printing more money out of thin air it will he start you start about monetizing the debt the fact is we've already been doing it so we've been print so that the federal reserve that's what quantitative easing two really was it was the federal reserve buying us debt pushing down borrowing rates to it doesn't cost us as much to borrow we're able to pay our debts we're just printing cash where inflation is going up so it's cheaper to pay everybody is that and what greenspan is saying is exactly right that's what the break the fed would do that's probably what any photos or video when he runs out of the fed do. anything that maybe maybe i shouldn't he have said you already have it around but i don't know how to do it's politically feasible to get rid of
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the federal reserve let's have a federal reserve i would tighten the screws right now i think we need to start pouring back the quantitative easing programs of third reserve balance sheet is up to two point eight trillion dollars we need to start slowly selling that off or not dumping it over in a single day but inflation concerns are real that doesn't mean that we're backing out of this immediately but we need to start the process of accident and we need to actually let this contraction that the economy is in run its course because all we've been doing is dragging out this monster you really should just let it just let it crash we think we should have bailed anybody out in two thousand and eight you know there are a lot of people there right now and you're a that you would need to take our medicine and let the masses starve and suffer just so we can wipe the slate clean and start over but would we have been better off if we did then rather than now obviously it's impossible and over that's what i mean i wrote in two thousand and eight right in two thousand and nine let's take the pain early on we're going to get over it no one's going to starve but we saw with lehman brothers lehman brothers went bankrupt and the system worked it worked
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poorly which meant that we have to go back and we have to design better rules better bankruptcy rules the lehman brothers went through a bankruptcy process it was sold off it would have been difficult to do with a lot of banks but people would not have been starving in the streets it would have been really painful at the end of two thousand and eight it would have been. really painful in two thousand and nine but now towards the end earth the middle towards the end of two thousand and eleven we would have been coming out of this and we would have been dragged through a really crappy economy for years and we're going to and we're going to i am going on in the next several years even more painful situation to hear that freddie macas asking for another bailout they are going to be bailed out no matter what their problems are the treasury department said unlimited bailouts to freddie macwhich and to fannie mae it's now over one hundred sixty billion dollars that's the largest bailout of any of the individual bailouts of the u.s. government is given for the reserve aside collectively to fannie and freddie and congress has done nothing with them congress we've we've had ownership of fannie mae and freddie mac. since two thousand a sense tacit ownership in the government and we haven't done anything there have
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been plans that have been introduced in the house of representatives even in the senate but the republican leadership in the house refuses to take this on they want to go after obamacare wasting their times they want to drag out this debt ceiling fight and the democrats have shown no leadership on that issue either. yeah that definitely doesn't sound like we are learning any lessons from here does it now i ask you one more thing too like you said that obviously investors are still going to the u.s. dollar right now but what could happen next in terms of this downgrade does that mean that u.s. banks are going to start having their credit rating downgraded then it does s. and p. in order to keep their credibility have to start taking a look at other countries and the ratings they give them some people have signaled that france might be next maybe they're due for a downgrade that means french banks have to be downgraded to and it really will start kind of compounding where there are trickle down effects over there already have been. other not it's not just the u.s. federal government it's the federal home loan banks it's pretty much every agency connected to the united states government has a credit rating gets downgraded its insurance companies. kraft berkshire hathaway
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even put on negative watch there's going to be a trickle down effect there's even talk of the states being downgraded obviously spain and italy are struggling right now. italy's actually going for a balanced budget amendment so they may get by but it may get to the point where spain just has to get downgraded and they can't continue to fight on there's it's actually really unknown i think what's going to be the telling sign is over the next three days we have a larger treasury treasury note and treasury bond sales for ten and twenty and thirty years sales over the next couple days and how well those do not what the prices are but how much demand there are for those i think is going to tell us a lot about what the investors think about standard and poor's rating and if investors are not running really if you know if today is an anomaly and they are running into those and they're running away from us it's investors signaling that hey maybe standard course is right the political system is broken and that could have extreme negative terms for us all of obama's says that nothing matters right
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only that he believes that the u.s. is going to be trouble re rated country doesn't matter what any agency might say that's just that's just where we are which is it's all i know has a way yeah there are other things there's something going to make people nervous but it doesn't really mean anything the triple banana regency you can call it whatever was pressure that you want to create from the rating absolutely i am thanks so much for joining us. coming up next to london on fire part of the violent clashes between police and protesters and waterboarding and get the u.s. claim that it never happened but a new report from truthout suggests that that might not be the case for a dive into the topic in just a moment. really the latest science. from. the future.
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which brightened. from plans to. start on t.v. dot com. today is the third day of rioting in the british capital started when police shot and killed a twenty nine year old man in town ham has now spread into three districts of the city in the violence which many including the police are guard as even to bring prime minister david cameron home early from vacation good artes correspondent ivan bennett for the latest of what's going on in the streets riots you continue to spread even as late as this evening and this is now the third day in a row that's been happening across the city and each time it's
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a new location that's affected the latest as you just said is lewisham which is in the south of the city really the other end of london to top which is where the initial unrest took place on saturday night and what pictures we've seen there is of two vehicles of just being set on set alight the riot police have been deployed there in lucian in south london we don't know yet i don't have any figures on the number of arrests if any that have been made there but the worst action the most severe unrest that took place today was in hackney in the north east of london again another area that was previously on affected until until today what was happening there was looters groups of people swarming the main high streets smashing windows ransacking shops in some cases stealing and looting merchandise things like t. shirts trainers in other cases just laying their hands on whatever they could to hurl at the police as missiles chairs wouldn't be right police in the area. trying
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to control the situation by forming a human line across the street and challenging the rights to funnel them down one area but the problem with facing is that once they control one street another pocket of violence erupts in another street and reports around this evening saying that the writers are actually coordinating their efforts using blackberry instant messaging on mobile phones that difference to twitter with tweets series public. this is private messaging so groups can coordinate their movements privately and not stay ahead of the police. authorities either bennett reporting now for years that we've heard claims from u.s. officials including former secretary of defense donald rumsfeld that nobody was water boarded that guantanamo bay. no one was water boarded guantanamo by the u.s. military that no one was was was water boarded at guantanamo period three. now we've heard of the so-called enhanced interrogation techniques of which
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waterboarding is just one they also include sleep deprivation hanging people from a row banging them into the walls of the cell where the all of that only happened at cia black sites it's but admit it they call it sheikh mohammad was water boarded one hundred eighty three times while held at one of these sites and former president bush admitted to approving and ordering the use of waterboarding but a new report in two thousand just that there may be much more to this story more of the techniques and where they were used this includes a little known testimony by former get mo detainee. before the house committee on foreign affairs where he described not waterboarding but a form of water treatment no it's not waterboarding it's called water treatment. you were there was a book and you were there was a book answer was a cloth put over your face and you were put on a board or was. it we're told it was a bucket of water and they stick my head. and
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and then the one. so officials been using a semantic loophole to hide the military's actions and why has nobody investigated it joining me is jeffrey kay psychologist and contributor for truthout dot org jeff i want to thank you for joining us tonight and i want to know what you concluded here when you compiled a lot of these reports was that it was an outright lie that nobody has ever been want water boarded at guantanamo bay or were they just other techniques where water was involved where they got to play a game of semantics and not call it waterboarding. well one of the problems with playing around with semantics is that there's not an easy answer to that in my opinion yes they have lied to use the term waterboarding you know it was a particular definition which was given in the office of legal counsel memos about what waterboarding was but as i noted in the article there's not much difference between being strapped down to a board being held down by
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a bunch of people and then having streams of water run into your face to essentially drown you in only interrupt that browning before you die and this was a minute number of cases that i found documented seanie money or in legal documents with medical personnel present as well similar to what happened with the waterboarding with the cia. so whether you want to call it water treatment waterboarding water drown proofing is one that for me told me i actually wrote directly. it's all amounts to the same thing controlled drowning of people to torture them and when you say a number of cases how many do you actually find. i have about eight cases where people have testified to either the press or it's been in the legal brief or one of the cases in front of is being used by the spanish courts in the process
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that prosecution of rumsfeld and other american officials for torture under universal jurisdiction that would be omar decries who was a british resident a libyan them born british resident who was. you know had his. himself dunked in the toilet and had him into a cell sprayed water into his face and they pepper sprayed these people held them down. i have about eight or nine it's not surprising when you consider many of these people were released the press has not sought them out in general many of them were farmers taxi drivers they went back also the united states has told the team news when they leave that they're not supposed to talk about anything that happened and then make them find papers in the lawyers or muzzled as well they can say what they meant was the. u.s. has done everything it can to cover up the torture that is implemented but the thing is you know here we had the footage from this house foreign affairs committee
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hearing right you know in your report the jeremy scahill reported on one of these incidents you compiled a lot of reports that were already out there so the information is there why does our press think continue to ignore it well because no one had put it together. i think and that. the government with all the. attention given to the cia. and the waterboarding they put out a narrative in this narrative was accepted by the congress by the press and you know we really don't know what we know unless we're kind of told what to know and no one has you know they said and you heard rumsfeld and you give a quote of the few minutes ago claim there's never been any water boarding or they hid behind the nomenclature of waterboarding and they didn't they just didn't say well we didn't say there was no water treatment didn't say that there was no water
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torture and in fact in the army field manual today which is the current standard. according to their vision that president obama would supposedly getting rid of the old. yes interrogation techniques among the prohibited techniques only one of them as quotation marks around it one is waterboarding and that says to me that they are using that specific definition of waterboarding but they aren't in fact prohibiting other forms of water torture so they are free to interpret it as they see fit i guess whatever water treatment amounts to be done the thing is here that the obama administration has got a lot of critique and i think rightly so for not trying to go after the bush administration or launching any kind of a criminal investigation into the war crimes there but we also have members of congress that in this hearing of the clip that we showed earlier congressman rohrbacher even said well it seems like there might be
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a loophole here so who do you blame or can't congress also call for an investigation if they're actually seeing these inconsistency as a for their eyes or hearing them. absolutely and i'm sure that congressman rohrbacher regrets having said that i think that that hearings of race in may two thousand and eight just as the presidential campaign was heating up and i believe that. as it so often has your fight for accountability best the geishas and accountability for torture has been sacrificed to partisan electoral politics on both sides both democrats and republicans and they don't want to bring this up obama the presidential candidate obama later president said we're not going to look backwards we're not going to investigate or prosecute these people and the democratic party is lined up. and so they definitely deserve in fact today. we read the senate armed services committee is responsible for oversight on
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military matters brought to their attention these various reports and asked for comment and they're actually of declined to comment on i want to ask you quickly too there has been a huge lack of accountability of holding anybody responsible but there is one case that actually if a court of appeals allowed to go through today against donald rumsfeld this is an american citizen who claims that he was actually tortured what do you think of that should we look at that as some bit of help or is a situation where the obama administration might be able to step in that u.s. state secrets or you know find some way to wipe it off the map. no doubt the government will appeal this and they will probably try to use state. but i think this is a victory you have the u.s. judge in chicago very forthrightly thing that a u.s. citizen cannot be tortured or killed even in a war zone that the u.s. is involved in war activity again this is the difference of course this is a u.s.
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citizen and they people from around the world put them in guantanamo made them non people and of course that's not only not right it it's from an ally in international law and i believe even national but this is a victory it's one move forward whether it will bring us in open up a can of worms that is accountability for the government remains to be seen but it is the stuff where i think the good you know that's the case of me in the band and the. present in iraq yes and thank you for after bringing them in there jeffrey i want to thank you so much for joining us tonight and you know i hope the support gets more attention because you can use whatever word or definition you want still means that were torturing people i think of the rest of the world probably will feel the same way thanks thank you. well still ahead tonight we have our monday edition of a you said it i read it and in these difficult economic times some young ladies are looking for
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come out again this is the headline in. london's engulfed in violence for a third night as riot police trying to control would be government calls away but sure come anonymous and the rest has spread to birmingham and liverpool with unconfirmed reports that other cities are also affected authorities say a peaceful protest against the deadly police shooting of a twenty nine year old man was high trying to buy a troublemaker is more than four hundred arrests have been made in london but. also that sinking feeling stocks sharply in the first trading session after america's credit rating downgrade thanks as eurozone debt continues to wreak havoc with investments fearing italy and spain with the next economies to fail despite president obama and european central banks trying to reassure the markets. three years after georges a time of the setting of remembrance ceremonies are held for the victims of the.
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