recession level there's a lot of skepticism out there in congress many lawmakers are not happy with obama's spending plans but obama is not happy with the lawmakers unwillingness to compromise what's frustrating to many here is that this package of one hundred forty billion dollars in direct stimulus is being debated so fiercely where is the bill giving nearly a trillion dollars a year on defense purposes and wars gets passed easily and quietly actually leaves many americans really frustrated about their representatives. but a national consultant richard to ask obama shows a lot of political strength even though he claims to play hardball. the housing crisis alone took six point seven cruelly and dollars out of this economy there are twenty five million people unemployed or underemployed so yes we need to be pretty aggressive and as for the president again look i'm glad he's talking about jobs he should have done it before but even when he says i'm going to be bold and take

a firm stand he does seem to say to the other side would you like my firm stand upright for all in some things that you would like to is that not confirm for you so i think we've reached the point where we have to say look this is the beginning this is just the start if it passes if it doesn't pass then it's clear that republicans point to be country out for their electoral chances next year we've got our headlines coming your way in a few minutes but first the latest business news was to be. alone a warm welcome to business the guess is to use between russia and ukraine is reaching breaking point key you still insist on low prices says it's ready to negotiate but the basics of the agreements will not be changed. we are ready to discuss different ways to cooperate with ukraine including ukraine joining the customs union or our investment presence in ukraine's economy and are going to give us transportation

network if we agree on these we might be ready to change our scheme of cooperation or the way it will be based on a pricing formula i hope that our ukrainian partners will follow the existing contract and for the immediate future we'll agree on that. fears of another global downturn coupled with sovereign their words have put a damper on russia's privatization plans among the biggest the states could postpone the sale of a seven point six percent stake in burbank the biggest lender the current market volatility has resulted in twenty percent declines and then there's share price has no one that says he believes the government could implement another strategy to help privatisation stay on course i think it's not just in russia the people of this burning locations it's clearly a global phenomena in which a single russian says to combat the result that there are other ways of doing that so for example one clever idea might be if the government would stray these puzzles that they were thinking of privatizing and inject them into a pension fund for example which would kill two birds with one stone or one he

would give a very large amount of capital to a pension fund of the other hand it would actually make the market i think i think easier stick because it would give internal domestic sources a long term capital and indeed internal domestic pressure to increase eels returns and dividends so there might be one. clever solution to try to get around that issue. for the first time in foreign investor may come to russia's making industry countries furred largest manufacturer of steel pipes shell pipes is in talks to sell around the twenty five percent stake to a french company. thomas and daily says the deal worth four hundred million dollars is expected to be completed in october child pipe as the norm been struggling to attract investment and paid debts to further fund development. russian company made two attempts to raise capital with a public offering but had to cancel their plans due to uncertainty in the markets. which the commodity markets voile is on the rise after obama proposed the jobs act

worth more than four hundred billion dollars the job the troubled us economy blend is just under one hundred fifteen dollars per barrel light sweet just over eighty nine. now to stock markets in asia next year again and hong kong stocks are supported by chinese data showing consumer inflation cooled slightly in august financials are on the rise h.s.b.c. one of the biggest gainers the nikkei slipped into negative territory following a revision of japan's april to june g.d.p. to a lower level construction linked. broadly lower in joke you. now here is after one half hours of trading the r.t.s. a nice x. are seeing profit taking around half a percent this if we take a look at the main movers on the my six we'll see that. burbank is down three quarters of a percent that's after posting

a one hundred fifty five percent increase in net profit for the first eight months of the year that's under russian accounting standards and non-performing loans have continued to decrease or to back to the level still double the market average zero g. k. three generating electricity company is trading in positive territory the company has returned to profit in the first half of the year after a loss this time last year follows gold is on the rise on stronger called prices. so far september's been on for a spike for the stock market compared to a heavy selloff in the previous month however it is too early to celebrate says chris we've heard from troy could i lowkey believe stocks are at risk of having an even bigger slump in october. october is always the most dangerous month in global equity markets historically that's when investors confidence capitulate and we're heading into a very similar and therefore dangerous period in this october confidence is clearly very fragile if the economic indicators in early october are bad we are vulnerable

to another a tobar style selloff and i think particularly when we start seeing the third quarter financial results from the u.s. banks i think that's going to be a very critical period if those numbers are bad or if the banks you know start talking much more negatively than they have been about the environment i think that could undermine confidence and we could have a look over crash so we're very vulnerable to an october crash this year more than any other year in the last ten years. the headlines with.

wealthy british scientists said. tirelessly. markets. scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines to cause a reported. emissions. couldn't take should free school or church is free. maintenance free. three stooges free. old free blog cancelling videos for your media projects the free media and on to our t.v. dot com. for the. we've got.

the biggest issues get a human voice face to face with the news makers. a lot of thirty am in moscow these iraqi headlines grief in the air service is held in russia and across europe for the victims of wednesday's plane crash that killed . almost all of one of russia's greatest ice hockey teams forty three people died in the plane crash and moments after takeoff near the city of jaroslav. president medvedev urges both sides of the conflict in syria to come to the negotiating table and interview after the global policy forum in jaroslav a russian leader also warned against a one sided approach and confirmed russia's willingness to help stop the bloodshed . in libya fierce fighting resumes which mean rebels and the forces with battles

raging near two of the few remaining strongholds will fall over again this comes just a day before saturday's deadline for the document to listen to lay down their arms . next peter lavelle and guess discuss how the nine eleven attacks transformed the world's politics archies cross-talk coming up. live. live live. live live. live and you can. start. listening to the king live. below and welcome to cross talk i'm peter lavelle the nine eleven decade what has been accomplished what has been lost as america's so-called war on terror maybe us in the world a safer place and one of the huge costs and loss of innocent life has it all been

worth a limb to. limb . cross-talk america's war on terror i'm joined by david ignatius in washington he's a journalist and author in rochester we have john miller he's a professor at ohio state university and in london we crossed the and as i said quickly he is c.e.o. of the cordoba foundation all right gentlemen this is crosstalk that means you can jump in anytime you want and it's i very much encourage it but first let's take a look at some of the questions facing america on this anniversary. this year marks a decade since al qaeda september eleventh attacks on the united states as america and the rest of the world commemorate the day it is the decade of the events that followed which poses the hardest questions and calls for a look back from the passing of the contentious patriot act to the war in afghanistan and iraq the answer to nine eleven has involved

a vast effort to root out transnational extremism and chipper president george bush famously point the war on terror our war on terror. begins with al qaida but it does not end there. it will not end until every terrorist group of global reach has been found stopped and defeated a decade later the system set up to keep america safe involves more than one thousand government organizations and nearly two thousand private companies specializing in counterterrorism across the united states and this comes with a number of the price tag eighty billion dollars spent in total intelligence gathering last year alone and over one trillion dollars spent so far on the wars in iraq afghanistan and other war on terror operations given the staggering financial costs and america's steadily declining economic power all this makes the ultimate

question has the us achieved the goals that it sought the war on terror has the ability to allow the u.s. to carry out military operations that since two thousand and one have taken the lives of more than a million civilians in iraq and afghanistan now in libya and of course that leads to an escalation of resistance of hatred of revenge and so in terms of keeping the american people safe that's a ridiculous notion but then again since nine eleven america has avoided any large scale attacks on its soil eliminated top al qaeda leaders and enhanced its domestic security network whether these gains warrant the costs remains to be determined as america draws conclusions and learn some lessons come this anniversary moshe charron a for across our team. and us from london

first you know ten years on. fighting this war on terror and still the term is still used and it's what are you thinking about most ten years on is the world a safer place is america safer place. well before i answer that question or not wanting to put a downer on this particular theme i think we ought to avoid falling into the. mistake of making out as though the events of ten years ago as tragic and as momentous as they were as being the most tragic events all the most important points of our more modern history or indeed the beginning of history as many politicians in particular within the american administration of parents have made out to be nine eleven was indeed a very momentous events because of the implications and because of the implications carried out in the actions carried out. specifically by the american administration

what's i recall ten years ago peter and i'm sure that most people also recall this there was a particular moment immediately after the fall of the towers when i had the feeling that the entire world almost came together and shared a moment of shock of horror and possibly even support and solidarity that was a moment that if it were captured i think that today would have been talking about an entirely different theme unfortunately a few hours only a few hours after the fall of those towers we went on i.e. the american administration went on a tangent a totally different approach and that moment of world solidarity was absolutely scuppered experience with you if i go to you in washington robert fisk famously said in just to go from what we just heard is that the americans demand the world know our dates but we don't we don't know verdi and they're tragic history and i'm

looking at the new colonial are experienced north africa has experience for the last century and a half so i mean in reflecting upon you know what. i can do you think is a correct way of looking at it because it sounds like a huge strategic mistake. well i think you can think of nine eleven as a shock to you know the united states and of a global system that the u.s. was the dominant player and the shah produced a radical policy that i think most people would conclude did a lot of damage to the united states to its alliance is to certainly the country's reputation and as i look at president obama who inherited the bush years of reaction tonight will have been struck by two things first i think obama has tried since he became president to lower the rhetoric you do hear less talk about

a war on terror and under french it endless struggle against terrorists wherever they are and you do see an effort by obama to work to improve u.s. ally alliances the effort to reset as the term as the relationship with with russia i think is one of the significant policies that obama embarked on right at the beginning it was turning to the u.s. need more friends than it had and he said that changed policy so as to get them at the same time that obama has been using i think quieter rhetoric and has been trying to work better with allies he has been very aggressive in secret in his attempts to destroy our kind the raid on me compound of us or some of the modern the results of his death on may second as an example that was a very tough operation it's

a decision that george bush might have taken but i've told by people who were close advisors that he might not of obama sharply stepped up the pace of predator drone attacks not just over the tribal areas in pakistan but but in several other countries in addition so i think you have an interesting. sure there are a president who is trying to change the rhetoric in terms of the hard nosed reality of this battle against it's it's it's it's it's tough for me if i go to john i mean if the rhetoric has changed that the actions have not so there is not a big difference between obama and bush and a lot of people would say the war on terror to date has not been successful it's been terribly expensive and it is only hurt the security interest of hundreds of millions of people around the world i mean i think we it's kind of generally accepted there's been some huge strategic mistakes made here but from what we just heard you just continue go ahead john yes i basically agree with it it's been

a massive misallocation of effort that the the attacks on nine eleven cost perhaps two hundred billion dollars including the loss of life a lot of the buildings and the economic impact from it and that's a great tragedy but since that time the united states has spent increased expenditures on home domestic homeland security expenditures about a trillion dollars and today and it and overseas the the wars are costing several trillion dollars so to speak and of course more americans have died in iraq and then died on nine eleven. and it seems to come from this is. the fact that counterterrorism strategy is to not overreact some of the things that david talked about i think are quite useful i mean like going after the guys who actually did it with your arms or without your arms but much of the rest of the expenditure is basically being simply thrown at the problem without any sensible analysis if

you're dealing with the issue of are we safer or the way to put it is this of course we're safer we hired some more security guards if you if you had built a tsunami wall around moscow moscow would be safer from tsunamis other question is is that a sensible form of expenditure in the case of the united states the american and americans chance of being killed by by a terrorist of any form is about one in three point five million per year and a question that is not are we safer but how much more money do you want to throw at the problem to make that probability even lower and it's and i go back to you in london the way bush preceded and probably to some tics and also obama isn't that it wasn't the the war on terror if we can say with that term always going to be perceived as anti muslim in the arab world because you know we have we have now we have three countries ok we have we have iraq we have afghanistan we have libya ok this is again it's this the perception coming out of washington western capitals is one thing but the perception has always been very different on the ground for the

people experiencing these invasions. absolutely and if i may start by coming back toward john just said i absolutely concur with everything he said but on the question of whether we're safer or not i agree with him yes we may be safer because as he put it we hired more guards and more security cameras but actually if you go around ask people individually they're more scared so it's quite an anomaly of the kind of world that we've created we've fought this war on terror but we've created even more terror for even more people on a far wider scale once the attack was in a particularly small geographical location we've managed to create an impact that is far reaching every single inch practically of the world and that is i think where we have gone terribly wrong as i said the very beginning there was a moments when we could have actually thought this appearance ideology of al qaeda

in a totally different way what we managed to do unfortunately is to actually spread it is actually recruit for applied over the past over the past ten years i've said this time and again peter and possibly one time on your program in the past before nine eleven i frequented in pray that a mosque where after prayers people would on a rag sell tapes for them for about fifty cents and no one would buy immediately after nine eleven he became a hero and though that same tape was going for ten dollars and people would be searching for more we're going to jump in right here we go to a short break and after that short break we'll continue our discussion on nine eleven a decade stay with her. story . if you can.

when you look for nuclear weapons against bullets. in human beyond these are measured in barrels. your brain is most. have no idea. the term used to pack that became synonymous with pure evil. the senseless slaughter of almost three thousand people stunned the world. and it all seemed like a nightmare. ten years on. r.g.p. remembers the attacks and its aftermath. a look back at nine eleven on our. kick.

back to cross talk on people about to mind you were talking about the nine eleven decade. kick. start. david if i go to you george bush he pushed his war on terror and it's become very much part of the american political and military establishment is that the war on terror was a a another way of promoting democracy we could have a different discussion about it can you invade a country and it forced a mockery out of that's that's one thing but i think the arab spring or the arab awakening release says a lot because you don't need outsiders to invade your country to get rid of dictators if west would stop promoting ticket dictators in that part of the world people will rise up and they will have their own democracy and so this whole effort

of democratization really the people on the ground pour cold water on what george bush and and others tried to do. well i think george bush is a pretty easy whipping boy he's no longer president barack obama faced with a difficult strategic decision about whether to abandon him or barak would been a loyal and useful while life united states decided that it was appropriate to abandon him that the egyptian people wanted change and that any american effort to resist that would be inappropriate he got strenuous arguments from close u.s. allies from israel from saudi arabia saying for goodness sakes what he doing just don't do that and he went ahead because he thought it was the right policy so i think you need to be a little bit careful about about about the way you're setting up the question here our conversation in general reminds me of something we all know which is that the

use the famous line of character guards history is best understood backwards but has to be lived forwards in other words. in the immediate aftermath of two thousand and one which a loss as this reminded us was a moment of hope and salivation nobody really knew what was what was happening and the it is clear now that the information that the bush white house was receiving was terrified of the information about chemical or biological attacks attacks on subways this and that and i think it's clear that they overreacted but it is important i think to remember the context in which they were making decisions which was the frog of the uncertainty of this war which they suddenly found themselves i think it's taken the united states years now to begin to get a better perspective and to get some balance in this policy and i i do think that's returning. it was somebody covers the subject i find people with more clarity about

it about the importance of not going out making enemies and not doing a traditional american style of leadership charging up the shouting about a war of terror you don't hear that from president obama for a reason so i guess i would say that. with the with the perspective of ten years if we learned nothing if we really were just plodding along the same direction or the place well i think maybe a lot of people of pakistan will probably disagree with that but if i go to you john what do you think it was the united states and its allies just wanted to remake the world in its own image it's almost like a messianic vision of the world we can change we change the entire region with the invasion of one country to have this domino effect and in retrospect and you know i didn't used to i was trained as a historian ok i know what history is i mean in retrospect it was just a fool's errand in a lot of people lost their lives and the us is more or less bankrupt itself through

this kind of messianic vision and it's still elements of it are still there go ahead john. you know they're still there though i certainly agree david that the rhetoric has been toned down substantially in general in terms of promotion of democracy the best thing the united states can and has ever done is simply be an example when the revolutions took place in eastern europe after nine hundred eighty nine united states cheered them on and they mostly took place by themselves in latin america became democratic after one hundred seventy five the united states again was just sort of a cheering position and also that you made a change changes in east europe in east asia such as in south korea and in taiwan with respect to david's point which i think is a very good one about the sort of hysteria that gripped the country great after nine eleven i think is absolutely right there were intelligence estimates at the time that were that there were five thousand al qaeda agents running around loose

within the united states and that was basically off by about five thousand in addition people or explore expecting additional. reactions in terms of many nine eleventh's so the initial concern was quite reasonable but after a couple of years you think they start to be some reevaluation and after five years of this with nothing happening essentially even more so and when obama came in i really hope that now that eight years after that there would be some initial reevaluation but we still got basically the same policies continuing on i just finished the co-author booklet by hand i was an engineer named mark stuart called terror security and money and we tried to look at these homeland security expenditures and what is coming out of the program homeland security had both before and after the obama administration is continued hype of the threat let me just give you one quick example six months ago the secretary of homeland security

janet napolitano held a press conference and she said we now think that the likelihood of a major attack of major coordinated attack like al qaeda like nine. eleven is lower however we still have to worry about small disorganized attacks therefore we are more in more danger than we've ever been before as a we got rid of the big thing we continue to small thing and somehow that makes us more dangerous that's the kind of we're responsible hype that continues to come out of the white house and coming from out of the administration there's still people in the obama administration who are saying that al qaeda and the pathetic ridiculous al qaeda presents an excess stench of threat to the united states that it will it could potentially destroy a country of three hundred million with a massive g.d.p. etc and no one ever basically still known as challenging that preposterous assertion and ok mr you know i think it's really interesting i mean i would agree with you i remember.