i grieve for the. we've gone to. the biggest issues due to the human voice face to face with the news makers. watching r t live from moscow these are the top stories leading rebels prepare to attack one of colonel gadhafi is the last desert stronghold of the town of bani walid that's after a efforts to negotiate the surrender of the ousted leader is remaining supporters breakdown. russia says the u.n. must immediately call for all sides in the syrian conflict to stop violence and start talking the plea came after moscow can down the e.u. sanctions which threaten to hurt the people not the regime. and overcrowded u.k. prisons are at breaking point working out almost maximum operational capacity this as a government hands out the top jail sentences and

a hardline approach to street riders and looters. they can out of climate is not at all bright for the u.s. and the e.u. but there might be better times ahead for developing connelly's next we sit down with one of india's leading economists to find out how emerging markets are responding to the challenges of turbulent times. the as and p. downgrade of the united states economy has varies many questions about whether or not america will continue to be the powerhouse in the global economy and now the international monetary fund predicts that china will actually outpace the united states economy by twenty sixteen so how is all of this going to affect the traditional players and what is the impact going to be on the so-called developing world well joining me to help get some answers on all of this is oxford educated economist and the youngest to me an advert the head of world bank department he's

now the chairman of india's planning commission mr monti axing ahluwalia i want to thank you so much for joining me so first of all i want to ask you is the second wave of the global financial crisis upon us i think what would happen is markets would be disrupted slightly moderate growth prospects for the card in the u.s. and europe but i don't see this is going back because of meat and so where do we go from here who's going to fix what's going on in the world right now the would need stew. get together to work out what's the transition what's a reasonable transition in a world in which there will be more than one currency and where the traditional reserve currency at the moment is in a country which doesn't have a very well balanced macroeconomic situation and is there are signs in india do you

think that perhaps there could be a shift in the world order and. india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term a long term projection suggests that japan will go relatively slowly europe may grow a little bit faster than the us has traditionally been viewed as a very dynamic economy is likely to grow faster in europe but the growth rate in these economies would be much less than the growth rate in emerging market countries i mean china india brazil so i think over time there is a shift in economic power taking place one is to asia and another way of looking at it is really the rising rate of emerging market countries but i think you're thinking of a world in which there would be

a large number of relatively equal economic groupings and you want to global system that can accommodate that if it can't be a global system which is run only by saying this is the center of power and everybody else must adjust and it's been said that europe has dominated the air national monetary fund in your opinion is that part of the problem or at the thought of i do think that the dominance of the industrialized countries of these two institutions has to change remember the as long as europe and the united states are together. they count for almost half the votes in the armor from the world bank so even if you made a voting system they would be able to get their candidates in providing they collaborate with each other but you don't want to system where it's assumed that one organization will be run by one country and the other will always have european

and how do you think all of that has a back and a year salary and personally i think the world is going through some very important structural changes and if europe is showing signs of strain i think it's appropriate that the fund should do what is necessary but it's also appropriate that europe should be bearing very large part of the burden and the cost and that's what's happening because the i.m.f. is working collaboratively with the european central bank on the whole i think stability is very important for all of us and so far what they've done i think is the right thing but looking ahead as new threats of problems arise i mean there's always an issue there the fund must be not dominated by the concerns of any one part of the world trade be should be seen to be reflecting global interests and do you personally think that the euro is going to survive the creation of a single currency for europe was a pretty major and

a bold and ambitious step i think is generally recognize that if you want to have a single currency it needs to be backed by a single fiscal authority now since euro zone is different countries they obviously don't have a single for school authority but to back a single currency they must have a very shared understanding of who's going to pay the bills if a problem arises that will become a substitute for the single of i don't think that's been sufficiently clear i think in the first flush of a good feeling about the euro. there was an assumption that the lot of benefits that come to european countries from having the same currency but not enough appreciation. and i think that's now evidence so it's a challenge for europe how they're going to handle this trade in future i do feel that they need to be if you like bailed out right now because i don't think it's in

anybody's interest to see a major financial collapse about moving ahead how do you stop the same for problem arising ten years from now it is very important for europe to have a very clear rules of behavior how are they going to deal with fiscal crises. i mean what's going to be the rule of the european central bank in bailing out governments as opposed to the role of the i.m.f. so i think these are issues that the global community will look at and i want to ask you about china obviously china is the number one u.s. get older i believe they have around three trillion dollars that you have that in your opinion if they make the right decision and doing that this is true that the chinese have a very large holding to some extent if the trying is wanted to retain. parity with the dollar which was part of their strategy they would end up holding the dollar debts because if they didn't hold dollars there then essentially the

dollar would depreciate. and the renminbi would have appreciated so to some extent the chinese holding dollar that is the other side of the korean of running surpluses but not actually appreciating against the currency that you are running a surplus with now you know that that period gave the world a lot of stability a lot of growth the chinese benefited i guess where they made the right choice or not depends on whether be now addressed in a soft landing method rather than in a highly disruptive but really it's in everybody's interests including the chinese of course. just. should be a soft landing do you think the dollars and i survive as. well as their currency as a major currency absolutely i mean look the united states is going to remain. the dominant country globally it won't be as overwhelmingly dominant as it used to be but it's certainly remain the largest economy certainly for another ten years the

fact that the u.s. has three movements in and out of capital will still make it the trendsetter rather than the trainees economies the real issue is in future would people be willing to hold all their is of dollars as a general rule if you've got four major currencies it doesn't actually make said story for you and. i think the in the past there's always been the assumption that other countries may address but the u.s. currency become the sort of. stability that i don't think can remain true once you get a lot of other countries which have more or less similar size as the u.s. and in your ideal world who should raftery the court or economy i think there is a lot of consensus around the world that the fund is the international institution that should be looking at these things and if there are governance problems or

inadequacies. known representation in adequate amount of the newly emerging countries then those should be corrected and we should actually use this as the foreign and obviously you know areas reshaping of the world economy and that's happening that's probably going to also fundamental political shift as well what do you expect though is to me from our point of view the the rise of a number of emerging market countries will create a much more balanced sense of the world economy amongst countries that were earlier seen to be dominant it my. create a greater awareness that you know they can't unilaterally decide the future of the world and certainly countries that earlier felt that they were not part of the political decision making now feeling part of the political decision making and i mean that's good democratize asian of the globe. to have positive effects because it'll make these countries behave in a more responsible manner and there's been

a lot of talk about rating agencies being unaccountable despite their political influence and when you make these agencies more accountable if you could one of the fundamental areas of conflict are the rating agencies rate companies that pay them to rate them so you can generally assume that a company that pays a rating agency to rate it is hoping to get a good rating so there's a there's an element of conflict of interest if you're getting your money. from the people to whom you're giving a rating. i don't find an easy way of solving this problem but i think transparency transparency in how the ratings are gone i'm going to track record is the only way that you're going to be able to solve the problem and the last question i want to ask is you know a lot of people are saying that investors are going to perhaps invest more and use the merging market if they start to look away from u.s.

treasury bonds i mean what's the planning commission and short term projections for india are in relation to everything that's going on right now the big message coming out of how the global economy is moving is that the industrialized countries are going to grow more grew more slowly whereas the emerging market countries are going to go faster india's been growing for the last five years at about eight point two percent anybody who's investing and looking around the world if they find one market is growing a little somewhere between eight and a half or nine percent another market is going to grow to a hard percent i mean they would be very well advised or. to invest in the markets that are growing so we expect on a medium term basis india will be it already is and will remain preferred destination for foreign investment people look at the global portfolio traditionally they have invested too much money in the industrialized world not having anticipated what the consequences of globalization are going to be so over

time i think they should be rebalancing a little more towards the emerging markets and within that i think india would be a very good bet all it'll certainly be interesting to see how india has affected by a lot and i want to thank you so much for taking the time to talk to me thank you.

would be much brighter if you only bought some from us to.

these stars on t.v. don't come. maybe unravels prepares a tap one of colonel throughout his last desert strongholds the talf bani walid that's after efforts to negotiate the surrender of the al sadr leader as remaining supporters break down. russia says. the un must immediately call for all sides of the syrian conflict to stop violence and start talking the police came after moscow can damn the e.u. sanctions which it says threaten to hurt the people not the regime. and overcrowded prisons are breaking point working out almost maximum operational capacity this as a government hands out tough jail sentences in a hardline approach to street rioters and looters. so we had lines up next we've got a sports update with natasha. hello

welcome to sport here in r.t.l. top stories first icing on the cake russia add two girls to their medal tally on the final day of the world athletics championships with wins in the hammer throwing and women's eight hundred meters. meanwhile you say gold leads jamaica to a world record breaking big train before by one hundred meters relieved to finally battle the jackal championships. and also russians are to compete in the rugby world cup for the first ever time this year r.t. caught up with the school before they flew to new zealand. let's begin with a flat tax where the world finals concluded on sunday with russia claiming two more girls on the closing day but he has been of a surprise in the odds by beating a world champion caster semenya in the women's eight hundred meters the russian quirky one minute to find point eighty seven seconds samantha had to settle also for the second behind and katie and janet is doing two bronze.

occasions i have an incredible feeling inside me i can't find any words to express them i'm not tired though my result was can catholic i have three more competitions this season but i want the most important one the world championships. and earlier that year and always junkers off the podium in the women's hamel throwing off the mark in seventy seven meters and thirteen centimeters edging betsy hard love germany by more than meets a chinese version sushant completed. and jamaica claimed the final gold of the championships in style sets in the only world record of the tournaments and demands for one hundred meters to remain the same ball raising because answering thirty seven point zero four second victory finishing where head of second place strong thanks in live instant.

that are hard to believe that. there was some truth to it. if it is. in football russia have to be thailand and the euro is why it's twelve qualifying game to guarantee themselves the top spot in group b. dick advocaat scored held an open training session on sunday two days before the all important match statistics on russia's side edged islands in their first meeting away from home the upcoming moscow clash is an awesome game for the visitors as a good deed could deny their qualifying hopes the hosts are fully fit bots midfielder. sidelined through suspension russia also play slovakia door on the seventh. to respect. the russian rugby players are looking forward to their first ever world cup match clash against the united states on the fifteenth of

september richard from full flute caught up with the school before they headed to new zealand. although it is almost over thirty players who fly to new zealand who have spent the last three months training intensively and gaining vital much experience however for the senior team if a place called rugby lingo and he's delighted to russia can finally starts to bear talking on the rugby pitch it's been hanging over as you know if the idea of the world cup that's just coming closer a day last month or so so really was it's just a bit of everything that's finally come however before believe they spoke to the media about best hopes expectations ahead of what will be the greatest moment so far in their sporting career is russia one of the tournament's minnows but of the no forms and winner he just glad to have made it couldn't even dream of it when i was younger yeah playing the russian and even play for

a shot at the world cup stage so now here are the last three years it has been a dream that i travel and literally have a day or so away to get that russia still have a long way to go until they can even think of being able to compete on a little playing field with the likes of new zealand and australia however the presence of a russian rugby union has to find his country finally made it to the finals will help boost the profile of the sport he sees his first term ever we want to fight for the rugby world cup it is a great achievement for a team for rushmore it was never before with conditions such an opportunity to play with their. most famous strongest teams of course if we're going to be easier to play with. for sure and to maybe meet some of these teams. for the players for the professional rugby it's a great experience rusher played their first match of the tournament on september

fifteenth against the united states of america. given they are in a group of equally australian. the island it's ok will be americans russian coaching staff will be targeting as be looked to become the first to get tunes together when the mansion there first will come the long form all black legend sean fitzpatrick is delighted to see russia have made it to the world camp and he says the whole of new zealand is buzzing ahead of the tournament which kicks off from friday the ninth september using cup was not here and it's over the last time we had of the perilous times to new zealand sun since as a nation. there's four million people talk about a stadium a four million people and they're looking forward to welcoming the rugby world despite a disappointing tour of united kingdom recently where the russians was only four games against club sides in the russian can behind even if they lose a few games in new zealand the most important thing is the big become the first

players to represent their country of the third biggest sporting event in the world which bumpy three hearty. moto g.p. now and jorge lorenzo has won a summary no grand prix just saying in tashan for they see as title cases stoner however it is they are overly despite the machine third lower and so on his blue yamaha pass the bills it and sees a little faster than the held on to win ahead of compact with danica draws to be still an instant place he's on track so we want to finish for spain in the silly as funny as were also winners in the rest of the can result the day the round still not stone is a constant thirty five races still to go in twenty eleven moto g.p. is next start we set a record. and finally the most high profile professional athletes usually have a skilful agent to say for their exposure and big money deals they icehockey agents association vice president gore has been shedding some light on his profession it was a gorski explains. huge contracts global grand indorsements and thousands of screaming

fans the ice hockey all stars of the world really do have it all but despite being phenomenally talented individuals they would have a hard time making such an impact on the biggest stage without someone pulling the strings behind the scenes you know how do you shut off never expected to become a sports agent but now he's become one of russia's trailblazers in the business he manages such mega stars as you have getting malkin and sergey going char so there's a which i became an agent by accident i lost my job in one thousand one thousand nine hundred struggling to me and i meet a friend of mine called me one day and said he got word from the new york rangers that a sports agency is pursuing me i don't jump the gun and let those guys pursue my service he's eventually the company's representatives met with me and i took up the car. it was shut off as well aware of the trials and tribulations his clients these daily he himself had

a twenty three year playing career in called spartak moscow after that. i've got some colleagues who never played and they think a hockey background is not necessary to do their job i tend to disagree as one must be able to evaluate an athlete's current level of performance and his potential that's what ultimately determines a clear is price and while managing molecule go in charge and other big names would be the top entries on the shock of resume no agent would want to miss a transcendent up and coming talent ready to blossom into a star your push and it was as it was that i would say i represent between forty to fifty players in total including those born in one thousand nine hundred four and one thousand nine hundred five i tried to keep in touch with all my clients and go to their matches if possible obviously it is a conflict of interest frequently because i can't attend all my players' games at the same time. the competitive big money business can bring out the worst and so major it's with sound going as far as to steal the diamond in the rough it others

that found. chicago says he experienced those shady dealings first hand and believes a lack of sporting knowledge is driving his colleagues underhanded tactics. but one agent blatantly told me he would take players from me once his current crop of stars retire this practice is widespread in russia while the united states for instance has a code of conduct which eliminates such action if an athlete is already represented by one inch and no other agent can recruit him. however it will shock off claims he knows a few american agents who find ways to cheat players out of their hard earned money here i mean if you see this is i have never heard of asians taking money from players in russia but it's happened in the states before i knew that hundred kostitsyn was a victim of such a scam and they also tried to trick alexander ovechkin and the alexander a glove since parents are the ones who often choose their child's age and for the future you should make inquiries about every agents. the players themselves though

are much tighter need group and help each other out when the going gets tough molecule among those benefiting from the smooth n.h.l. transition by teaming up with gone charge. of the pros malkin has an easier time adjusting because gun charge was already on the team max talbot's and sidney crosby were also our clients playing in pittsburgh at the time marquis moved in societies how use and stayed there for three and a half years so gone char was like complete brother to you in there for a while he paid the bills help them set up a bank account among other things. seeing your favorite athlete on the list of the richest people in their sport the cover of a new magazine or endorsing a product is the result of a good agent's work but those men like shut off also clearly have the ability to become great advisors to their clients while allowing the players that blossom in their respective leaves. and answer gorski r.t.

. that was the latest this fall stay with us for the nine years at the top of the hour. i'm.

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