become our new masters we fought off your dollars and so while europe take the icelandic route or the irish route. their fate now to the miracle is suffering one defeat or two new political divisions these days only into looks so far as if the europeans first of all want to save the banks rather the jobs the standard of living do you agree the european people probably do not want people in the united states seventy four percent of them orders they don't favor things but the politicians who are they going to follow the voters or their campaign contributors the day the campaign contributors the financial interests make sure that the people who run for president are in america we call useful idiots people who really believe that the banks have to come first mr obama is there for mrs merkel it's and it's a tragedy because of the debts be paid and there's a basic principle in economics at that camp he paid won't be so we know that that's

what we paid and trying to pay a debt beyond your means simply imposes that peonage on your population it's almost like feudalism and that's where europe and the u.s. economy are going and i hope that the russia and the other posts of the states like where you can avoid that. pose you have already moved this interview russia and the post soviet states were taught first of all by americans politicians and experts these new liberal ideas. for financial capitalism has shown its dark side to third world countries including the post soviet countries today he is showing it to the world's most developed countries does it mean that we are witnessing a collapse of this new a liberal consensus we're seeing the victory the victory of a neo liberal consensus. is to impoverished the rest of the world by taking the

entire surplus in the form of finance i'll give an example suppose you're a buying a house or a person the idea of a bank when you go to a bank to get a loan is how much does this person make how can we capitalize what he makes and make everything above subsistence paid to the bank for a loan a company in america. there will be a quote suppose you're a corporate raider and you want to buy a company you go to the bank and you bid against others and you end up saying how much is the company's profit and cash flow you will pledge all of the profit. to the bank as interest and then you will hope to come in and downsize and outsource and shrink the company and hope that you can come up with a capital gain just later in real estate if you're an investor in america people will bid for an office building or a house and they'll say how much is the rent the winner is the person who pledges all the rent to the bank is interest and then you hope that somehow the price can

go up and then you keep the price goes up as lot one is the federal reserve will flood the economy with money and then you hope that somehow the price will go enough for you to borrow the interest from the bank every year that's what the kind of must call a ponzi scheme now it's called a made off scheme because mr made off with much bigger but the idea is that the bank you're borrowing the interest from the bank and this is a bubble something the bubble bursting and the question is who's going to pick up the pieces will it be wall street or will it be the economy and it looks like wall street and the very wealthy are. taking more and more of the national wealth in every country and the people are being left in poverty and the economy can only shrink under conditions like this if the next wave of the crisis will strike europe and this is probably do you think that russia will be in a better position now that you can see is because of this room. i don't think any

country in history has ever been in a good position by exporting raw materials because you don't need many people to dig a hole in the ground a lot of money yes the russian have a lot of money but not as it has all the money in the world today yes it would be a very good thing for a can use this money to to educate the population and to reinvest realize i don't think russia has helped itself by the industrializing and becoming a barometer ariel's export or americans call this being a you're of wooden drawer of water that's what the bible said and so america is doing exactly the opposite of how america germany england france and japan all got rich ultimately the way to get rich is by adding value by manufacturing and with a skilled population and if you raise wages high wage labor is more productive labor it's better educated better. russia is missing out on recycling that

surplus to upgrade the population and that's very unfortunate it's missing an opportunity now is the time for it to take that opportunity thank you thank you very much for being with us in just a reminder that my guest on the show today was michael hudson for france wall street financial analyst and part time to get a slow economic political form staking place to show he's so that's it for now from the spotlight we'll be back with more comments on what's going on in and outside russia's sense of the same context.

in india g.'s availability in the grand central shirts in limbo and the taj mahal in the us i'm willing to wish president mubarak was sure that they will resume monday beatriz old book clothes are going to go in the hole her job searches the cement her to punish such a problem closing the radio and leave them jointly her children's church in new delhi who took the money maybe her job clearing the collection remote of clothes of

the month maidens a child believe that paul doesn't really don't notice and cheerfully was punished for repercussions promised. to his own arts need the world's eyes hawking community is united in grief after russia's lucky motive teen was almost a pardon vides out in a plane crash in the city of the us level forty three people are dead while to survivors are in critical condition. the u.k. government faces legal action as doctors demand a new acquiring into the shade death of the weapons inspector it was a bad word reveal that britain it knew evocate no w m d's ahead of the invasion of . the middle east and build up a less than a start of peace or have made for statehood ahead of the weather both call it israel tensions grow as police clashed with protesters calling for a better government but. also twenty years in an american female coalition pilot

the tape of us to automation in my assumptions for conspiring to smuggle drugs that moscow slavs was arrested with edition as it really. is just after six pm here in the russian capital you're watching t.v. and we start with what has been called ice hockey is darkest day and the worst disaster affecting sport in russia. it's recent history forty three people are confirmed dead after a plane carrying one of the country's top teams the luck about to be honest level crashed in the city bearing its name well the only two survivors are in critical condition one being a team player and the other a crew member both have been taken to moscow for further treatment or to sean thomas is near the crash site. what a somber day here in this city of jaroslaw well as the community reels from the

tragic incident has that happened on that wednesday killing that locomotive team plane that did not make liftoff at the end of the runway burst into a ball of flames after clipping an antenna and killing all but two on board there were forty three confirmed dead two did survive at this time one of them of course being alexander go. played for the hours little team as well as the national team he suffered burns over ninety percent of his body as well as it has gone undergone multiple surgeries including of his respiratory system another crew member of the plane that crashed. suffered a broken femur those two survivors have now been transported and have arrived in moscow so that they can get the best medical attention and care of a little to them so that they could possibly recover from this tragedy through the past night and that day this is the beginning of

a three day mourning period for the people of the yugoslav all. immediately vigil started happening as i have friends and family members came chanting team slogan so that they could be together in this moment of grief that happened the night of the accident wednesday night and then all throughout the first day people gathered at central churches in savile so that they could be together and share in the brief as well we had the opportunity to speak to some of the people as to their recollections and memories of the people on this team and here is their grief in their words. we've been friends esteemed for many years who family including a little child points over against for instance irreparable it's like losing a family member. it was i knew one of the players he was my neighbor. and he was a great person he's got two little kids left the place happened when he saw the

news on t.v. i just burst into tears i still can't grasp how it could happen there used to be a team and no there isn't. still that it hurts so much when they were everything to us we'll remember them forever but i wish they were like one of the wife of the coaches was on her way back from vacation when she learned that her husband was in this accident and was asked to come and identify the body at the morgue in that case on her way to the morgue she got into a minor car accident she is ok but also a mother of one of the players on the following the news we are told suffered a heart attack as well after hearing that her sign a was involved in this incident another story that we're told is a flight attendant twenty nine years old on this flight was married just three months ago and had told her friends and family that she was planning to retire from

this business so that she could raise a family and have children and of course the people here are going to be gathering up for the next few days sharing their stories sharing their community spirit so that they can begin a big healing process after such a national tragedy or wednesday's plane crash happened on the first day of the new season of the continental hakimi and many of those who perished pray for their countries and were real stars of the sport. says rebuilding the team is one of the main priorities now. well we have reaction as unsurprisingly globally we were listening to some of the earlier quotes there in the sports bill as well as some of the players that were in the n.h.l. as well as they were describing ice hockey as a family so many of the the team members came from other countries we have ten different nationalities in the aristotle side so the reaction is global it starts we hear from the fans and also from the highest in the lowest and the greats in the

goods and we can also hear from the players themselves and if they actually used to play for long and he's not going to play for scar we can hear from him. not only it's all country and all of my friends going to play because of. the years ago because it's just want to give my condolences to the families and. stuff. but. with this story. i'm speechless you know. we're stuck here. and as we lost our. place the also a center says the idea that you get from the n.h.l. everybody coming together and shop in grief and the example that's been used is the practical example that we have which is a football example of a team that was a ridge it's a seen us now from a spec is don that was originally part of the soviet union and they were promoted in one thousand nine hundred ninety the top flight and while they were on

a plane collided midair and seventeen players and coaches were killed the theory the practice they had afterwards was that really then sent a player from every team to make up a new team and this is a suggestion that's been made by common taste across russia and also good grace in the goods are all in favor of boosting this team and we can hear from some of the legends of the sport they're also right jaroslava with inside edge of. the ice hockey family mourns the loss of one of the best teams it was a multinational tree with a unique group of players and the international sports community sharing our grief it was. standing team and our priority will be to field and you look at the chief. dozens of calls actually. calls for the players which are a do the rules go on for what you believe they will be so if you're a new head coach and there nobody over there was a decided where is the philosophical so that where there's all those of the clubs

given the cause as it is it really gave the best players or the local were different or there's a history of yugoslavia where kids who were about stopped well as we heard from an exam them instead of the head of the k h l nobody even needs to be told people are actually volunteering to come forward and help rebuilding of the team and they have as i hear already a announced a new coach the former used in coach carter but i'll be of his coming in soon to head up a new team. dmitri medvedev has visited the crash site and laid flowers in tribute to the victims of the plane disaster in the us level and up a side the russian president said the number of their allies has been reduced dramatically he also older the transport ministry to pay special attention to pilot training of russia's civil aviation sector saying that those not up to the job must be stopped a bit of added the entire industry must undergo serious changes. president medvedev altered his plans for the international policy forum in the us novel to visit the site of the crash but later arrived to address the global gathering. quite the

tragedy here in your small local policy for continued for a second day where the world's most pressing issues were discussed and presidents meet you need to do gave a keynote speech joining me and he said now wait for more in just a month. and a decade since nine eleven we begin our special coverage of the anniversary commemorating the tragedy for the park that's coming up short. of the british government faces court action from a group of doctors over the death of weapons expert david kelly of two thousand and three well they're pushing for a new inquiry after the first reached a verdict of suicide well kelly was behind a report showing britain knew there were no weapons of mass destruction in iraq before joining the invasion and found out that the evidence in the case isn't as clear as previously thought. more than eight years since the death of u.n. weapons inspector talked to david kelly and still no inquest following his almost

getting as the source of a report saying tony blair's government knew iraq had no weapons of mass destruction before person invaded the country kelly was found dead in woods near his home a verdict of suicide was recorded despite what many see as conflicting evidence no one's ever said questions under oath about kelly's death and all medical and scientific reports relating to it were secretly classified something which has never been legally explains but it hasn't gone away this week talk to david how pain is to moan saying that the question of holding an inquest to be reopened he's challenging a decision by attorney general dominic grieve who ruled out holding a coroner's inquest in june citing what he called overwhelming evidence that the u.n. weapons inspector committed suicide but david help him and a group of other doctors are distinctly underwhelmed by the evidence proved.

wrong but i am. very. pleased by. the campaign has popular support readers of the daily mail newspaper have to natal around fifty six thousand dollars in just a week to help finance the appeal how pain and his fellow campaigners hope this will lead to a full inquest into kelly's death many suspect foul play and a subsequent government coverup. palestinians have started a campaign for statehood ahead of the september twentieth vote at the united nations they carried a letter to the local u.n. mission and say their peaceful demonstrations will continue until palestine becomes a member state and as our policy reports the whole region is in the state of build up to the vote. well the palestinian authority officially launched its campaign for

statehood today thursday and in a formal written to the un secretary chief banky ruin it the international body to recognize palestinians and just demands and what we understand is that the campaign will involve a series of events in the run up to the opening session of the un general assembly on september the trains here it has been dubbed the national campaign for palestine state one hundred and ninety three and to launch it someone hundred palestinian high ranking officials from activists gathered today for his day at the u.n. headquarters in ramallah for a short ceremony of both the israeli government as well as the obama administration is against the stick aeration and the u.s. has in a formal request to the palestinian president mahmoud abbas asking him not to go ahead with it but a bus has rejected as we are hearing some rumblings behind the scenes that israelis and palestinians have been getting informally and in secret to discuss the possibility of possibly because phoning this declaration that we have no

confirmation of this what we've witnessed here particularly in the last two months is a build up of anger frustration and discontent within the israeli public particularly leveled econet another government these have been the largest protests in this country's history and just yesterday protesters clashed here in tel aviv with police a number of the wrists were held people accuse the police of treating them brutally and all of this was because the government has started removing tents from the streets of several cities despite the fact that earlier its it would give protesters and till the end of the month to clean up their act and to meet the government. in four ways and in boardrooms for discussions rather than on the street so what protesters are saying here is that they really cannot trust the government and there's also the concern that as the government turns its attention to what is happening externally these of the september the twentieth it will no longer even listen to the concerns being addressed here within the israeli society of the german a finance minister has threatened to cut off greece's financial lifeline from the

e.u. if athens doesn't follow the blocks demands to the letter call us all a series of miss deadlines after shocking revelations of the sport he says for some of the country's lost eight percent of its g.d.p. in a year it's seen as a result of the a severe austerity measures that came attached to e.u. sponsored bailouts critics have condemned the harshness of these the past recoveries impossible under such stress the greek m.p.c. most critical group believes there is more in these bailouts for the e.u. just helping a struggling neighbor. with the help of the european union greek farmers have stopped producing can imagine the country like greece right now kong feed its people we don't produce enough meat we don't produce enough we even oil we are importing countries like greece that should be producing everything can

produce if they can should be and that we had the scheme from the european union that farmers were paid so that they wouldn't produce anything. we destroyed. maimed the main assets of our economy and this has changed right now it's costing us a lot because imagine that. germany for example is lending us money when the big hit with the biggest interest rate. itself is borrowing so they are making money out of the help to us. russian a pilot who was convicted of drug smuggling earlier this year has been suttas to twenty years in prison by a us court also didn't have a shackle was detained in liberia two thousand and ten and transported to the u.s. but moscow says his arrest ever dition were illegal and will seek his repatriation to see if you can explain. this case builds a major precedent this is a first time when

a russian citizen is sentenced to an american prison for an intent to participate in a crime in a case that was built by special agents posing as drug dealers arrested in a third country in this case the idea now here is shank will be edge eligible for parole in as much as thirteen years we know that his defense team has thirty deals days to file an appeal but u.s. officials can take as much as two years to consider this appeal now the man who has repeatedly pled not guilty in this case hopeful until the last minute himself and his family his mother and wife who are here to support him broke out in tears in the courtroom today as the sentence was announced i'm now convinced we have nothing to hope for believe in contrary and the judge would be reasonable upright. and he just sounds well you think it's cruel but they sentence him to twenty years behind bars do you really think and you may how in this case it was a family man with no criminal background he has never stood trial anywhere in the

world including russia and the united states moreover he has never even stepped foot on u.s. soil up until he was snatched up by u.s. special agents in liberia last year and brought here to stand trial now his family as well as russian officials were not informed as to his whereabouts affectively considering him missing russian officials cited a breach of diplomatic conduct a breach of international law because they did not know where this their citizen was and because the u.s. state department failed to do early and for them. well the tragic jet crash in the us level has overshadowed a major political event taking place in the city and change plans including those of president medvedev well speaking of the second and final day of the global policy for he touched all the major challenges russia is facing. is there for us almost certainly a lot of debate and discussion took place at this today forum just fight the tragedy nevertheless the president felt it was the right thing to do to begin his

keynote speech with a moment of silence like you because then you are citizens were killed in the crash as well as citizens of several other countries let's agree of the need of silence to honor their memory question but you're going to. the president going on to give his speech it focused on multiculturalism of course that's the theme of this year's forum here in your stubble on he spoke a lot about the briefs in society as snake income wise and how that can lead to problems in society and about how russia needs to take a steady growth towards modernization another thing that has come up very much so at least today forms of course the situation in the mideast and north africa especially concerning libya and syria and in fact joining me now to speak more about that and who better to know about the situation there is the presidential

envoy to africa yuko mother gaillarde thank you very much for joining us what about themes that we hear often from the president given russia in general especially over the past couple of years that you can't see each other countries other partners that you have the idea that the president made a few days before about a person's in reference to people that just because someone doesn't do something we think it's redundant means that you only worse he was referring to libya so how do you when you're working for nato to pound teaching countries to have to marcus these things you consider of the right you know for me. it's not difficult to defend that he says because there's only one bad thing about democracy cannot impose its route difficult impose on the marker see it should grow within the society and very often in these societies in the parts of the world which we're talking about have to some home or denies themselves from medieval ages style structure and medieval ages style mentality so i think that it's really

very difficult just to bring the blueprints from any western or eastern capital to this part of the world and say hey this is the way you have to do it. just finally i want to talk about syria do you think that it will turn into another libya i hope not i hope not that's right russia is working hard in order to build bridges between the government and the opposition in the month of september it will be there sitting again the delegation of the syrian opposition we shall be receiving the representatives are all through the syrian government on the eleventh of the twelfth of september we are working hard in order to help syrians to create a kind of docking mechanism between two camps which are free to be against each other and this why did this not serve the national interests of syria thank you very much thought sharon from an eco miracle of

a presidential envoy to africa and of course over the two day forum pretty much the main theme when it comes to security what's happening there but that's a bit of course will continue but a lot of the time here at the global policy forum in your stock in. just a few days the united states will be marking its greatest tragedy in half a century the terrorist attacks of september eleventh two thousand and one a war follows a decade of invasions torture scandals of untold abuses on both sides well as we begin our special coverage of the anniversary of his bayonet shutdown takes a look at whether the past decade has made america up. for. one of the deadliest terrorist attacks in history i'm sure that in a decade of anti terror campaigns across the globe. but he's america and the world now a safer place ten years on the most recent nine eleven commission report card gives aviation security in the u.s. .