culturing the city. megyn kelly good moment told instructed to let the public on the hood so. this is all t syrian activists report more protests the death of the head of the red cross makes if humanitarian visit to the country meanwhile the russians and the un get the warring sides into the talks to avoid a repeat of libya you can't say. israel will drive is it special forces to shoot at palestinian protesters or vapor pads and margins of port of a u.n. base the independence televisa is already armed jewish settlers in the west bank quit playing for sock puppets it's improved but. the gas impasse in ukraine backpedals

a bit it's rather taking us to court the polls twice is down says little stand his ground only where the stunning deal hears the continuing to insist on lies production this is they are using to make any concession. now for decades america and europe of the power in the global economy but now their positions of floundering most of the welcome with them but not everyone as aussie now his from india. the aston p. downgrade of the united states economy has reason 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 kind of got 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 the second wave of the global financial crisis upon us i think what will happen is markets would be disrupted to 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 kentucky and eight 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's the 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 mix attrition and is there a strength 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 for a long term projection suggests that japan will go relatively slowly europe may grew a little bit faster a good problem the us has traditionally been viewed as a very dynamic economy is like to the grew faster than 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 and i think you are thinking of a world in which there would be a large number of relatively equal economic things you want to global system that

can accommodate that it it can't be a global system now which is run only by saying well look this is the center of power and everybody else must adjust and it's been said that europe has dominated the air national monetary fine and your opinion is that part of the problem or at the thought wish 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 they count for almost half the votes in the i.m.f. and the world bank so even if you made a voting system they would be able to get their candidates in providing the 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 has the fact that a euro zone 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 bear a very large part of the burden and the costs and that's what's happening with 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 have done i think is the right thing but looking ahead as new sets of problems arise i mean there's always an issue. the fund must be not dominated by the concerns of any one part of the world or to 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 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 fiscal policy 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 product 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 there are a lot of benefits that come to european countries from having the same currency but not enough appreciation that there are costs and i think that's now everything so it's a challenge for europe how they're going to handle this 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 but moving ahead how do you stop the same problem

arising ten years from now it is very important for europe to have 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 europeans 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 all there i believe they have around. three trillion dollars that you asked that in your opinion could they make the right decision and. 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 a dollar debt because if they didn't hold all of their been 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 corner of running surpluses but not

actually appreciating against the current see if you're running a surplus which now you know that that period gave the world a lot of stability a lot of growth the chinese benefited i guess whether they made the right choice or not depends on whether we now adjust in a soft landing method rather than in a highly disruptive i personally it's in everybody's interests including the chinese of course they're the adjustment should be a soft landing do you think that collar is going to survive as close or is there currently 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 certainly remain the largest economy certainly for another ten years the fact that the us has free movements in and out of capital will still make a 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 a general rule if you've got four major currencies it doesn't actually make said store all your lives in one province so i think the in the past there's always been the assumption that other countries may or droste the us currency become the sort of. stability. that i don't think can remain true once you get a lot of other countries which have moralist similar size as the us and in your ideal world who should refereeing 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. representation in an adequate amount of the newly

emerging countries then those should be corrected i would actually use this as the forum and obviously you know there is reshaping of the world economy as we've discussed it happening it's probably going to also cause fundamental political shift as well what do you expect those to be from our point of view the rise of a number of emerging market countries will create a much more balance of the world economy amongst the countries that were earlier seen 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 does democratize asian 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 unaccountable to spite their political

influence where you make these agencies more accountable if you quoted 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 who 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 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 in the if emerging market if they start to look away from the u.s. treasury i mean what's the planning commission it's short term predictions 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 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 half or nine percent another market is going to grow a 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 there would be 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 it would be so over time i think there 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 has that affected by all of this i want to thank you so much for taking the time to talk to me thank you . hungry for the full slug we've gone to. the biggest issues get a human voice face to face with the news makers on the party. mission. critical free. for charges free. arrangement free. free spirits like freezing. cold sleeve blogging a lot of video for your media project a free meal gone to our teeth dot com.

is easy to. please. her.

syrian activists report near process the deaths and the head of the red cross make some humanitarian visit to the country meanwhile the russians are urging the u.n. to get a war against fight and to tweak still hold a repeat of libya's conducting itself. israel for rises aide says special forces to shoot at palestinian protesters and they prepared some knowledge and support for a un bid for independence was already on the jewish settlers in the west bank beds explains the stalled something to prevent the bloodshed. began same passing ukraina backpedals a breathtaking rushing to the force of the us prices down off a said little town is around when the already signed sealed he is continuing to

insist on a life for town trying to save are refusing to make any concessions. because i'm now for the agent sports with. hello and welcome to this war on our t.v. watching the headlines you can look at that in the final traps ahead of tomorrow's neurosciences wild bull fight against ireland here in the house in the winter some of the top position in the group. makes the call this the second seed is still aiming to have a major title. and this was the shot of the day at the deutsche bank championship on sunday phil mickelson's it's well the luck to. be highly debatable watson with world no one luke donald also came to halt.

russia gearing up to take a massive step towards both occasions on tuesday the group the leaders take on the second see the violence here in moscow victory is crucial for both the way it slovakia and armenia are also very much in their running russia's a full of pits. is out through suspension it has to answer that side high spirits having beaten the irish. a defeat striker robi keane referred to at monday's news conference in moscow. you know should really let you use them under certain show you know we have to concede the too many goals so. we've learned lessons from the game against russia and you know in order to be taken advantage of into tomorrow's game. i think we're fully aware it's expected of what the russian is going to bring to you thanks

. england are also busy getting ready to their next call of fire against wales at wembley fabio capello's men top group g. standings without a lot so ball while wales are rock bottom angle and were easy for him to win as a. previous match last friday but that doesn't mean the hosts are in a noncompetitive mood and mother will be tough again because that was playing over the one who watched the game from people who can. create a lot of chances to score goals the place you love to work with is back at the top of the from and will be relieved understandable. now tennis of the us open where battles a lot are always said to face a mountain style story in the quarterfinals the second seed basingstoke been seeking to set up that meeting whilst also held up another russian money. so i don't buy a model of efficiency with sixteen went as i'm just eleven on post arrows c.q. struggled to match the pace missing for a sat similar story second wave as much of

a closing six two six three victory chanel meets australian star whose baby vary in seven of them nine previous meetings. where i was able to raise the level of my game compared to my previous matches and i'm really happy about that. started off. didn't let her for her in the first set then she started playing with more interest in the second and then. through the whole mess are going to break her down eventually win the match and. all the men's side of things russian involvement is now over the last poll going down to jill miller in round three but then it turned off all the dull meanwhile had an eventful day at flushing meadows on sunday itself to our foes in minutes encounter in the may day heat seeing the world number two take care of the minds out of argentina seven six six one seven

five how it ended up not down now through to the fourth stage where he meets miller for a place in the last eight. and the new york song though taking its toll on a doll in the interview room off the world's journalists watching on as rotha grab these lag with cramps only stretching out before collapsing on the floor and all said afterwards it was really hot and it was just bad luck that the plane sprang up in front of the cameras instead of in the changing rooms. in a much more straightforward afternoon for fellow title hopeful and dean mari the school barely missing a foot wrong in the six one six four six two victory over but it sounded a lot as a clash in the last sixteen against surprise package american wild card donald young out of weights. better to talk and the stars was one of the let's get going over. a message.

you know when you can get an early bird. i mean it kind of stood on for the rest. was. because. it was important for those who. don't want to sort of respect for what you don't want to be. you know three four because it's not easy to recover. most successful professional goal flies on a roll often taking the european ball societal told us bjorn winning his second straight in the men's while carving a final round of sixty two to match the lowest total of his european korea and amazing day seeing the dates and avery strode deficit into four shot victory parade approach on the fifteenth just part of a song nine on the ball round your unfolding sounds and overcoming the obstacles makes welker of an entirely in size form a world number one wants in carmel was next closest with

a sixteen on the part suits old but not even this eagle on the fifth was not for the german bjorn the eighteenth home with the baby disappeared title this that this year he also pulled back from three down in the final round to win the join you will get championship last week when i think when you get into contention and you get that high you know you just keep going and with that leaderboard today you never know what's going to happen internationally the best players in the way and i believe all of them and you know no one who's going to come at you from nashville you just got to keep going and stay it stay with you golf and i am not for two weeks now like i say very much within myself and played my golf and it's getting tight said some of the maids a boulder the deutsche bank championship five people no chasing me the watson with a round to go the american had two birdies over day but still led by one thanks in part to his birdie on the seventeenth twice eleven losses when a chance rocks all stances with a share of the lead but lost ground to south africa now two strokes back at them

score showing some great range on the set up of the eighteenth and he's joined by jerry kelly brown the steel shells revealed fellow australian jason day all won back meanwhile phil mickelson is only four strokes off the pace held by this eagle only its wealth that was the shot of the day probably. now they're still in rugby school they're off to neighbors new zealand with four days left before the world cup kicks off on the ninth of september with all of us hoping to add to their previous titles which they'd back to nine hundred ninety one and one nine hundred ninety nine to get things started against easily on sunday hundreds of fans gathered in downtown sydney on monday to say goodbye to the two time world champions and special moment for coach robbie deans with a kiwi aiming to bring the world cup back to australia so we had

a serious challenge over and for that very ready for the boys are really ready for it. for a few days of their. training has been going to the club and i think their minds are in new zealand already and finally twelve year old might be young and old soon hopes to find herself in the guinness book of records as she's become the first hill on the fifteenth to bench press an incredible seventy kilograms which is nonprofit has the story she hasn't even entered her teams yet money on an almost there's already a sensation around a russian powerlifting scene the fifth grade school kid has researched almost a dozen world records in the sport but she took up completely by accident. i have already been bench pressing since i was tanned i went with my dad to a competition and during a break i decided to try and the the bar it weights twenty kilos and i managed to lifted more times an expert saw this and said i should train as this is

a rare feat. striking thing about mariana who hits the scales of south of forty eight kilos so that no one would ever of guessed that someone so slight in build would be able to lift one and a half times her own body weights however sizes and everything and she's able to outlive girls who are much heavier or she's been recognized as a world leader in the fifteen and under age group. and yet there is no secret behind my success i thought it trains me which i really like the coaches are really good and some of the best around they have trained a number of champions and one of them and i think they have played a big part in my development is pressing is not an olympic discipline at the moment so money on earth doesn't receive any state funding one of her options is to late to change the weight lifting however such a young age no mother is content to keep her options open and a farmer alexander was also

a professional grange pricer his weightlifting has its pitfalls. which are more than. just weightlifting it's a lot of stress on the spine and on the knees a weight lifter can only really look to compete in til they are twenty five to thirty because injuries will take their toll we don't have these problems with bench pressing money on his extremely competent for a twelve year old still leaves a relatively normal life hughton school as she says the boys do pick on her nearly out of jealousy as she takes all this in her stride and she believes her amazing feats can be a message to everyone that anything is possible if one puts their mind to it. i would like to be an example for both adults and kids that if they say mean the gym they will want to follow suit money on has made some amazing achievements in her career so far reigns over the next year or so to try and binge price in excess of eighty kilos and given her rapid success and dedication one wouldn't bet against

her achieving this speeds and setting yet more records richard on boldly dancey. all that was the. clincher is that so much that there is nothing to fear there will be. something the rate during the great financial contraction of millions lost their jobs but the rich of only got richer should the rich pay more.

all. the official antti have occasion to i phone i pod touch from the i choose apps to. charge sheesh life on the go. if.