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tv   [untitled]    September 5, 2011 4:30am-5:00am EDT

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ok rules we try to run for city children resumes in school. in this room look she's available in some of its olds would be sort of in her children recently. welcome back you're watching r t coming to life from moscow these are the top stories libyan rebels prepare to attack one of colonel gadhafi is a last desert stronghold so the town of bani walid it's haftar efforts to negotiate a surrender of the ousted leaders from reigning supporters breakdown. russia says the u.n. must immediately call for all sides of the syrian conflict to stop the violence and start talking a plea came after moscow can dam the recent ease sanctions which threaten to hurt the people more than the regime. and israel gives its security forces permission to fire at palestinian protesters in the west bank palestinians are planning
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a march in the area in support of a bid for statehood at the u.n. later this month. the economic climate is not at all bright for the u.s. and the e.u. but there might be better times ahead for developing economies 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 in 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 that it be on the so-called developing world well joining me to help get some answers on all of this is mr monti exciting ahluwalia i want to ask you is this packet wave of the global financial crisis upon
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us i think what will happen is markets would be disrupted slightly moderate growth prospects for the card you're in the u.s. and maybe in europe but i don't see this as going back to composite meat and so where do we go from here who's going to fix what's going on in the world right now the world needs to. get together to work out what sort of transition what's a reasonable transition in a world in which there would 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 a sense 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
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a shift going on in the world there's no doubt about that i mean any medium term or long term projection suggests that japan will grow relatively slowly europe may grew a little bit faster good the us has traditionally been viewed as a very dynamic economy is likely the grew faster in europe. but the growth rate in these economies would be much less and 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 well look this is the center of power
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and everybody else must adjust and it's been said that europe has dominated the air national monetary fine in your opinion and that part of the problem or the solution i do think that the dominance of the industrialized countries of these two institutions has to change remember that as long as europe and the united states are together. for almost half the votes in the army from the world bank so even if you made a voting system they would be able to get their candidates in providing to collaborate with each other but you don't want to system where it's assumed that one organization would be run by one country and the other would always have european and how do you think all of that have acted a year and personally i think the world is going through some very important structural changes and of europe is showing signs of strain i think is appropriate
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that the fund should do what is necessary but it's also appropriate that europe should bear a 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 world i think stability is very important for all of us and so far. they've done i think is the right thing but looking ahead as new sets of problems arise i mean there's always an issue that the fund must be not dominated by the concerns of any one part of the world or a trip be should be seen to be reflecting global interests and do you personally think that a 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
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don't have a signal 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 a single polity i don't think that's been sufficiently clear i think in the first flush of. good feeling about the euro there was an assumption that a lot of benefits that come to european countries from having the same currency but not enough appreciation there are costs and i think that's now if it were it's a challenge for europe how they're going to handle this treasury 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
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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 have to look at and i want to ask you about china obviously china is the number one us to get holder i believe they have around. three trillion dollars that us in your opinion campaign make the right decision and feeling that it is true that the chinese have a very large holding to some extent if the chinese 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 dollar debt then essentially the dollar would depreciate. the renminbi would have appreciated so to some extent the chinese holding dollar debt is the other side of the korean of running surpluses but not actually appreciating against the currency that you're running
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a surplus with now you know that that period gave the word a lot of stability a lot of growth the chinese benefited i guess where they made the right choice or not depends on whether we now adjust in a soft landing method rather than in a highly disruptive and it's in everybody's interests including the chinese of course the adjustment should be a soft landing do you think that dollar is going to survive as a global reserve 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 trying these economies the real issue is in future would people be willing to hold all their reserves in dollars as
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a general rule if you've got four major currencies it doesn't actually make said store all euros of one province so i think the in the past there's always been the assumption that other countries may addressed 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. actually use this as the forum
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and obviously you know there is a reshaping of the world economy and that's happening that's probably going to also cause fundamental political shift as well what do you expect to be from our point of view the rise of a number of emerging market countries will create a much more balanced sense of the world economy amongst the countries that were earlier seem to be dominant it might 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 critical decision making now feeling part of the critical decision making i mean that's good democratize ation of the globe which should have positive effects because it will make these countries behave in a more responsible manner and there's been a lot of talk about rating agencies being on accountable to spite their political influence 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
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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 and the track record is the only really 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 in the of emerging markets if they start to look away from u.s. treasury bonds i mean what's the planning commission and short term projections for n.p.r. 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
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grow more grew more slowly whereas the emerging market countries are going to grow 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 and you know somewhere between eight and a hole for nine percent another market is going to grow two and a half percent i mean they would be very well advised to invest in the markets that are growing so we expect on a medium term basis. it already is and will remain preferred destination for foreign investment people look at the global portfolio traditionally they've 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 in there would be a very good bet all it'll certainly be interesting to see how and here's
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a fact of biology if i want to thank you so much for taking the time to talk to me thank you.
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they've been rattled. prepare to tap one of colonel gadhafi as a last desperate stronghold for the town of bani walid that's happened 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 the violence and start talking plea came after moscow can d.m. the recent sanctions which threaten to hurt the people more than the regime. and israel gives its security forces permission to fire and palestinian protesters in the west bank are planning to have planning a march in the area in support of a bid statehood at the u.n. later this month. so the top stories and sports that's what the. u.n. and finally anna flags tournaments to remember for team russia yes taking
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a while is not green it's been years since we could see that russia let extraordinary to remember as you just said that just how about the world championships bodes well for the longer than lympics we're going to have a look at their results in just a second. i'm great to have you with us this is for today i mean you know let's take a look at the stories some of the covering this silver lining russia finished second in the medals table at the world cup lennox championships are being a brace of goals on some days final big. eyes on the ball russia's highest ranked tennis player of year is about to be over qualifies for the quarterfinals of the u.s. open last year's finalist in new york aiming for a first ever grand slam title. man behind the headlines here giving. offers his thoughts to r t how the sport of i saw pete is really wrong. let's
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get going with athletics first where the world championships have now wrapped up russia claiming two more goals on the closing day to consolidate their best ever finish in the overall standings so being about seven yards by beating world champion south african custer semenya in the women's eight hundred meters the russian cocking a time of one minute fifty five point eight seven seconds and then you're forced to sell for silver half a second behind with kenyan jonathan who said taking three. 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 fantastic i have three more competitions this season but i won the most important one two world championships. such analysts think also the podium in the women's hummer through her mark of seventy seven meters thirteen centimeters beating very high dollar of germany by more than
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a metre chinese junk when joe completing the podium finish. so that is there for another two years until more school who's the fourth. i still believe world athletics championships in august twenty third the united states though topping this year's event with twelve goals twenty five medals in total is good news for russia is that their next three goals behind their best ever performance while can you will be happy with their seven place finishes with them for. tennis on the u.s. open our fear is not a real but is set to face her kryptonite some of her stories are in the quarterfinals the second seed beating subpoena sickie the set up the clash while still held off another russian reoccur lanka one of the over though a model of efficiency with sixteen winners just eleven unforced errors the city struggling to much about pace losing the first set six to a similar story in the second let's go to rio by closing on the six to six when she
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no i meet in the russian in seven of the. in the men's side of things russian involvement is now over. the last a full going down to jill's miller in round three defending champion feel it out meanwhile have an advent full day at flushing meadows a off two hour forty minutes encounter in the searing heat seeing the world over to take her of david nalbandian seven six six one seven five and it up. through to the fourth stage. for a place in the last eight. so taking its toll in the interview room afterwards journalist watching on as the twenty five year old grabbed his leg with crump slowly stretching out before collapsing on the floor and adults tipping afterwards it was quote really hot and
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just looked at the pain incurred in front of the cameras instead of in the changing rooms. how much more straightforward afternoon for a fellow title hopeful undy murray the scot burley putting a foot wrong in the six one six four six two win over feliciano lopez a clash in the last sixteen with american wild card only on what. brings us to football russia are gearing up to take a massive step towards euro two thousand and twelve qualification and choose they the group b. leaders take on the second seeded republic of ireland in moscow dick out of accounts charges should enter the tie in high spirits having beaten the irish three two quite convincingly as well in dublin to work victory fast becoming critical for both sides with slovakia and armenia are also still very much in the running for the ukraine and poland all finals the hopes of a fully fit swap to choose from although. through suspension. denmark's most successful professional golfer is on a roll after taking the european masters title thomas bjorn winning his second
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straight tournaments while carving a final round of sixty two to match the lowest total of his european career amazing to seeing the four year old turner reach through deficit into a four shot victory grid approach on the fifteenth here just part of a stunning nine on her run you are in full intent on overcoming the obstacles with twelve european title insights former world number one martin kaymer was next closest sixteen under overall but not even vis it was an eagle on the fifth was enough for the german during closing ip a danger with a birdie to secure the title of his third this year he also fought back from three done in the final run to win the johnnie walker championship last month. it's getting tighter at the top of the leaderboard at the dog by championship five people are chasing it or bubba watson with a round to go the american have all these on the table still led by one in part to this birdie on the seventeenth two thousand and eleven masters winner charles
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schwarz started with a share of the lead but lost the south african are two strokes back adam scott showing some great range on this set off for birdie on the eighteenth he's joined by jerry kelly brendon steele chairs revie and fellow is truly in jason day who are all one stroke back on ten. and finally thing their well being fearless made even songs sung about the fables professional sports agent but the majority of them prefer to let their clients do the talking that is why when you get a knock in season finale said he'd speak to us we jumped at the chance events of our state takes up the story. huge contracts global grind indorsements and thousands of screaming pins and ice hockey all the 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 now do shock or never expected to become
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a sports agent but now he's become one of russia's trailblazers in the business he manages such mega stars as you get a molecule in sergei gonchar are so those of which i became an agent by accident i lost my job in one thousand nine hundred nine and the struggling to make ends meet a friend of mine called me one day and said he called word from the new york rangers no two sports he is pursuing me i didn't jump the gun those guys pursued my service fees eventually the company's representatives met with me and i took up the trial. shut off is well aware of the trials and tribulations his clients these days he himself had a twenty three year playing career in court spartak moscow after that you know without i've got some colleagues who never played and they think of talking about green 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
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ultimately determines a player's price and while managing malkin going char and other big names would be the top and she's on presently no agent would want to miss a transcendent up and coming talent ready to blossom into a star you're pushing it with as it is that i would say i represent and train the forty to fifty players in total including those born in one thousand nine hundred four and one thousand nine hundred five i try to keep in touch with all my clients and go to their matches if possible obviously there's a conflict of interest frequently because i can't attend all my peers games at the same time. the competitive big money business can bring out the worst and so major it's what some going as far as to steal the diamond in the rough that others that. we shall call says he experienced those shady dealings first hand and believes a lack of sporting knowledge is driving his colleagues do underhanded tactics yes again being one agent blatantly told me he would take players from me once his
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current crop of stars retired this practice is widespread in russia while the united states for instance has a code of conduct which limits such action if an athlete is already represented by one and no other agents can recruit him. however it was a shock of claims he knows a few american agents who find ways to cheat players out of their hard earned money and i mean it is this is just i have never heard of agents taking money from players in russia but it's happened in the states before i knew that andre kostitsyn was a victim of such a scam and they also trying to trick alexander ovechkin and that xander. since parents are the ones who often choose their child's ethan's from the future he should make inquiries into every agent. 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 going shark. of the procedure now keane has an easier time adjusting because going charm was already on the team max talbot's and sidney
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crosby were all sort of clients playing in pittsburgh at the time ok moved into surgeries how use and stayed there for three and a half years so gone char was like a big brother to you gagne for a while you keep 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 agency work but those men like shut off also clearly have the ability to become greeted by zeus to their clients while allowing the players to blossom in their respective leaves. guns gorski r t. interesting stuff not is all the sport for our world weather is coming up in just a tech and i'm here again and just under two hours time with more sport.
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for the full story we've gone to. the biggest issues get a human voice face to face with the news makers on the t.v. .
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