tv [untitled] October 3, 2011 11:00am-11:30am EDT
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the forceful break off of a rally underway don't stop the wall street protests from gathering steam in the united states that's people frustrated over the state of the economy say it's time for an american spring. cuts fail to help greece deal with its deficit but a new cash injection in jeopardy because athens admits it won't be able to meet critical. pressures the latest launch of navigation brings its global system up to full strength. wind coverage for the first time in fifteen. business russian equity markets and deep in the red there was a heavy sell off spike in economic uncertainty join me for the details in our
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business bulletin in twenty minutes time. a very warm welcome to you live from moscow with me. protesters continue to gather on the streets of new york following saturday's brutal showdown on the brooklyn bridge of some seven hundred people arrested a movement called occupy wall street as promising more marchers against corporate greed and social inequality. caught up with some of those involved. the new season in a different nation the arab spring has become america's autumn and on saturday new york's brooklyn bridge reminded many of the scenes from egypt to here square.
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nearly eight hundred protesters were trapped cuffed arrested and jailed as thousands of activists continued their second week of occupy wall street demonstrations a grassroots movement is campaigning against social inequality and corporate influence over u.s. politics in the interim police conduct against peaceful protesters has come into question. just last week and a york city police officer attacked occupy wall street protesters with pepper spray prompting public outrage and an internal affairs investigation many didn't believe that there would be another dramatic confrontation this weekend after what happened last weekend after four women were pepper spray while they were corralled by the police after the n.y.p.d. used heavy handed tactics punching some protesters i think many people didn't expect that there would be something like that again this weekend though i have
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heard no reports of pepper spray being used there were thousands of people stopped and hundreds arrested arrested activists were charged with disorderly conduct and summons to appear in criminal court. by sunday hundreds appeared back on wall street determined to continue their fight against corporate domination once you are not afraid to be arrested anymore the whole enjoy or control of the police. disappears and when that happens there are credible possibilities that are open to us and suddenly you can imagine a different world you can be an agent of change the group says it aims to raise national awareness and change america's economic disparity occupy wall street describes itself as a resistance movement inspired in part by its counterparts we can follow the lead of our brothers and sisters all over the world the hairspring in greece and spain
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at. you can see that it did send a powerful message ordinary people are not going to stand for corporate greed anymore and that we're getting out that we do something about it. and the reason these activists are doing something on wall street rather than washington is because they say you have to follow the money begin where the largest campaign contributions donations and lobby groups come from its corporate presidencies we were told it was for. four more. years old billy. bush. before that is not a bush going to see any corporate greed goes all the rich and president i think this is where the the are going to be impulsive it starts out wall street it is true that these demonstrators come here with a different message just felt like it's uniting that point unifies them is a growing frustration over the u.s. economy social inequality and corporate influence on the west politics these protesters say if american leaders stand out so it will be the american citizens
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that stand up for their rights reporting from wall street more important part see here. on our website also your column we are interested in your opinion on the occupy wall street protesters and that's a rookie of both of them over here a lot so yes so far the majority of you believing that we are witnessing america's very own arab spring but of course a concert of the protestors rent a crowd are the same think they are victims of police oppression and a minority feel they're nothing more than simple trouble. right now you can have your. well i mean time sara flounders from the international action center says the u.s. is preaching democracy all around the world while forgetting about the rights of its own people. this is really a police effort to shut down nasa sent here see us government they claimed to speak for democracy all over the world while dropping bombs on people in many many
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countries and here at home when people are involved in democratic protests and demonstrations against the domination of wall street in representing really the interests of the vast majority of people the latest polls today show that seventy five percent of the population is sympathetic to these protests. and coming up in less than half an hour's time here on r.t. people of elena's cross-talk guests discuss who if anyone is influencing the decisions taken by governments it's a great. government. is not doing what its public wants of doing what its interest groups want at the moment those interest groups are the labor unions and this problem or a big corporations who plays well. everybody is treated makes an excellent piece go ahead steve sledge these young men what an extraordinary. easy here let's remember one simple fact right in the united states today in the private sector
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that dominates our economy six point nine percent of workers are represented by a trade union ninety three and point one percent of our working class in the private sector has no union to explain government policy based on the union movement as crying he and powerless says this is a fantasy. and you can watch crosstalk about twenty minutes time here r.t. now as the forces of libya's new rulers continue their seats of the two remaining strongholds we spoke to an eyewitness one woman from tripoli who asked that we call her selma was in beni walid a day speaking in a low voice and fear for her life she said former rebels care little about civilian lives. can collide some miracles happen clinton. county on and on and on keyboards before he actually found the chill in the senate he's.
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a clinton supporter concluded actually because it's one of the killings in the can keep from falling from langley and you can type the green flag they just pulling you. literally sleeping only stopping the. truck if you know and actually act how to blend into the time of the thing we cannot influence because including those on the capitol and. the bombings in london the powerful the terrorist. didn't bring to. it without a life in moscow now still ahead for you this hour i was a palestinian statehood bid at the un is a really all about party are the man behind it mahmoud abbas who says he's challenging the existence of israeli settlements but not the whole of israel. plus history falls victim to political correctness in france was feared the younger
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generation might lose its sense of national identity we look at what pages are being removed from a text books and why. greece has admitted it's still not able to deal with this deficit key to modernize international creditors that even taking into account mass layoffs announced just on sunday and a new round of austerity cuts which still need aliments approval alkies cerified events are just where this now puts the embattled nation. will greece now default that's the million dollar question but to be more exact the four hundred fifty billion a year in question the tape that police now. but could never be let's be soon do you think about greece ever for granted a few billion euros of government there you need to be either your or your i don't know what to believe. the government is running out of options they can keep trying
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to impose the state prosperity measures that would likely lead to more of a violent clashes we've seen between rightly and protesters in the last week the month or they can choose to default the year is a needed insisted the default is not an option they're concerned that work least it sparked a financial meltdown in the usa there's now a growing recognition that behind closed doors other options are being considered a group called it's different cards has been on the cards a lot for a year and a half or probably more cards because when you have a debt holder of the exorbitant size that we have here in greece it is impossible to imagine that the streaming. i means by which if you say so the default was always going to happen is that the full speculation rumbles on it's become clear there are fundamental flaws in the euro is ain't operation i think europe citizens
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have the right to know what the causes are at the moment they are being deflected from the courses and they are being asked to blame little grids little greece however if your ticket may have passed these and never was incapable or spearheading a global financial crisis see just who is to blame for what we are experiencing in greece would be infusing financial. using new crimes of war if using the. i'm all. for international crime scene the past eighteen months the greek government has cut wages raised taxes just pensions and in return received billions of year in bailout funds now as they await the next eight billion cash injection many are left wondering if it's all been worth it.
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was. it was a. series that is going to be the one. nine. in just two years after all of this for all of this let me some of you of course. the protests in strike action now an almost daily occurrence greek government faces a huge crisis of confidence amongst its electorates financially in the red politically in the dark he says population elisa patience if greece does default the future. extremely uncertain indeed and many people here feel that not the say is true their country sinking deeper into financial and economic ruin.
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now for more on the troubles of both greece and the eurozone i'm joined by any people not all. you know thank you for joining us today so greece has admitted that it can't be the demands from international creditors so is a possible the next step could be the be all end all that because the country could be abandoned to bankruptcy. know greece will have to the polls i mean this has been pretty obvious now for about the last year and a half what we're being told is that the discussions taking place in brussels at the moments where greece will be allowed to fold by seventy five percent. in the end there really is no option that will have to come out of the euro will have to devalue its all. will have to be able to set its own interest rates a competitive exchange rate it's the only way the greeks and yet they are the kind of movement they can get the economy moving once they're trapped within the prison of the euro but actually as you say though it seems fairly obvious to yourself and maybe as well in the eurozone and greek is going to miss its target here greece
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well that is greece promises to reduce its deficit but it gets the money but then it is a target so what is the e.u. relenting with its bailout for an unreliable borrower it's so many it just seems like it doesn't make sense because this is all how the logical this is about creating a united states of europe to have a united states of europe they need couldn't see we knew at the start that the euro could never work without full fiscal union the problem that they had at the time was that there was no appetite for full fiscal union right across the peoples of europe there still isn't any opportunities for full fiscal union so the idea that you have germany increased in the scene couldn't see what the same interest rates could never where the whole thing was going to fail and what we're seeing now is the whole thing the rattling in front of our ears and at the moment if they agreed to this a billion bailout like we're being told has happened in the cabinet in athens have agreed to it will mean a thirty thousand people will have to be sacked in greece over the next couple of weeks otherwise greece goes bankrupt and we've seen austerity measures being implemented all of a greece or for absolutely months now this year's been
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a terrible year india can you give me a point blank and say here if more bailouts do go into can greece survive or is it just going. greece is just going down we can still continue to pour good money after bad but look greece's debt is going up it's not coming down he says in serious serious problems but i just want to repeat i mean he said he could possibly be next in italy is a trillion pounds economy eighth largest economy in the world contagion will spread people out on the streets over the weekend in this business well what i fear is that we may well have not a spring you could end up with a mediterranean things on sort of and sort of quickly so increase what we've been seeing cuts in the pensions cuts in the salaries over many months of this year tens of thousands of people out of the streets more bailout money comes in but where does the bailout money go it's obviously not going to the people is it just lining the pockets of the bankers lining the pockets of oppositions well where's the money . well basically the money is going to pay off their but the problem is they're not
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reducing it and it's it's unsustainable the problem that you have at the moment is that the people in greece are suffering because of another logical decision not taken in athens put taken in brussels and it was taken ten years ago we should never have been allowed to get into the euro in the first place they protrude many rules their own rules to get greece in because this was all about politics it wasn't a quality economics and i feel very very strong for the people the only way that the greek people will get back on their feet again is to come out of the year all together and look it won't be the end of the world for greece argentina was the last major countries to fall from two thousand and one between two thousand and one and two thousand and six argentina's economy grew by sixty percent that is the answer to greece i mean certainly that's a happy ending to that story there with argentina but you mentioned you keep mentioning this is ideological the united front so why does the eurozone keep funneling money into athens that is show that the european neighborhood is united but we just had an analyst a catalyst and sarah first story saying that this is
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a war this is an international occupation being force fed by an international financial crime syndicate now many greeks say hey we don't need these bailouts we can get along fine so who is force feeding these bailouts is it indeed an international financial crime syndicate. well it's a big ship between the international monetary fund the european central bank and of course the european commission they have three people out there all the team out there in athens at the moment and these three people are running the greek economy given all to me from the government and i feel very very sorry for the greek people and the greek government to be perfectly honest with you because they are being dictated to by brussels and by frankfurt if you poll the polls that these people are being made to suffer because of ideological decisions that were taken many miles away in brussels ten years ago all right well not all the member of the european parliament i wish i had more time to talk further about this many thanks indeed. but britain may not be part of the eurozone but its economy is suffering
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all the same if you log on to r.t. dot com you're going to find at the latest scenes from manchester where an angry crowd of thousands came out in protest to say that cuts are not the answer. you without seen russia has launched another glow in us not a geisha a satellite into orbit bringing the total number to twenty four it means it now has the same global coverage as the widely used g.p.s. system in spite of of all. well this is the twenty fourth subtle eye being launched as part of the glue in us system twenty four the number the minimum number the clone us needs to be able to provide full global coverage now we will see four more cloner satellites launched throughout the rest of the next year and that will be the required amount which they set out to provide the best service to customers they'll be looking to use this now it's been a long old road for blowing us from its first development back in the eighty's as
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a. development project by the u.s.s.r. it was then taken over by russia and they've been trying to get it up to speed to make it a valid rival to the g.p.s. system produced in the united states it has been a rocky road as well just their last december three grown our satellites plummeted out of the sky into the pacific ocean now the twenty four satellites are in all with the specialist say that glowed us can provide precise coverage up to six meters on the ground now take this for example with the g.p.s. technologies they can place you accurately within seven meters the target for gload us now is to convince consumers and convince manufacturers of products that nice global positioning technologies that glow in apps is the one for them and that they should move away from g.p.s. he's pretty wrong about right that well if you're going to write a couple more on the trips into the final frontier going to be a special section dedicated to space exploration on our website at r.t.
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dot com is the web site of course and we've got plenty of expect tackler footage that you choose dot com slash. from the final missions of the now retired american space shuttle fleet to mysterious footage of you oppose our you tube channel should be your first stop. the arab league says it will compensate palestinians after the u.s. cut its eight payments america froze some or two hundred million dollars in response to palestine's statehood bid at the un e.u. officials meantime say they will not follow suit he stated application was submitted to the un last week and is now being considered palestinian leader with a vast told r.t. arabic but it should not be seen as something questioning israel's right to exist now the full interview coming up at our c that will be our next hour but for now here's a preview. of them and we do not want to challenge the legitimacy of the state of
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israel israel is a valid state and we have recognized it if the arab peace initiative had been adopted fifty seven arab and islamic states would have followed suit and recognized israel means that we support the existence of the state of israel and do not want to challenge its legitimacy or seek its missile a should know the only thing that we want to challenge the legitimacy of the policy of occupation the legitimacy of israeli settlement activities this is our rights and we demand. you're with our team i went away from the business news with kareena but for now whether they realize it or not french school pupils are learning a serious lesson in the power of political correctness across the country parents and teachers are enraged by some important pages of france's history being removed from new textbooks to avoid insulting minority pupils and as our he's been able to report so many french people fear their national identity will soon disappear along
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with their history. twenty pages on the history of black slavery and just six on the time of napoleon shown here sitting on a toilet france's new history school books are in region parents and teachers who it's political correctness gone mad this author's bestseller on the banned because of front of boylan's ahead. if we didn't teach are a minority of the history of their adopted country they don't feel french we are already seeing riots in our streets the crusades the called insulting to muslims the thunking louis the fourteenth to imperial and. as the colonel gadhafi of his day focus is now on the previously little known king came kumu thought of thirteenth century with africa. the purge even extends to grow it is studied round the world including les miserables the victor hugo france is already breaking up
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things professor casale because it's young people have no sense of identity parents are concerned we have the third even though the worth of our history because you can't understand what happened because now in france you cannot understand the history. they want to understand and divide properly legal action seen as the only way to stop the removal of national history. schools now give ten percent of their share the old to the needy will african well inquire i studied it and what exactly that contribution to world development. thousands of signed a petition of the french revolution lessons were replaced by the african kingdom of more than multiple which many say they have never heard of the ministry of education refused to be interviewed but gave us this statement. where change in the
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school curriculum to reflect globalisation one of the thomas dean taught because it's important to have a view. another world cultures such as egypt china and india the new european parliament reports back to compulsory school lessons on the benefits of the e.u. from quote a very young age critics want kids are learning less and less about their own country states which stop teaching their polls they say consigned themselves to history the new bush or the paris. of our top stories are coming away just a few minutes ago that we are kareena and our. hello and welcome to our business update itself thanks for joining me the recent spike in economic uncertainty has resulted in a heavy sell off russian market here risk has been hitting its even harder than other measures markets chris we far from troika dollar believes that stoop to
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structural weakness in the country's economy. we have a relatively weak domestic economic base compared to the other big emerging markets of history are much more vulnerable to a global recession because of the potential weakness in your price and the price that demand for other commodities and the second reason why we see more of fall into that is because russia doesn't have a strong enough to mystic capital base. you know because we don't yet have you know extensive structured pension funds and unstructured savings schemes as is the case in most other markets we are very reliant on foreign capital flows to a much greater extent than other emerging markets so when there is any reason for investors to be nervous about global events they will take their money out of emerging markets and we do not have the substitution of domestic money which countries like brazil india and china do have. to look at the markets now all prices are low on concerns that the slowing u.s. economy and europe's debt could curve fewer than the rest expect reports to show
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manufacturing in the u.s. barely grew in september light sweet is trading at seventy seven dollars a barrel and brant blend is that just over one hundred dollars per barrel. wall street is falling and able to hold on gains speaking recorded in choppy trading that stopped our report showing slightly strongly u.s. manufacturing activity with a poor process poor exxon mobil corp down south. and european stocks have fallen sharply with banks leading losses that some reports greece will not meet its deficit targets this year banking stocks among the biggest cause of concerns about their exposure to greek government debt in the u.k. shares. in barclays down four point seven percent and world bank of scotland is down by five percent in germany commerzbank will seven a half percent torture bank is three percent lower. and here in russia stocks and monday's trading session deep in the red hampshire the biggest quarterly decline since two thousand and eight weighing on the sentiment concerns and
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a shrinking global economy could hurt the countries a lot of these producers a report by emerging portfolio funds research says the pond is investing in russia's dogs i've seen cash outflow almost triple in one week now let's cross to some individual shadows on the my six. majors for over with gazprom losing over a percent of the company has just announced that it plans to start gas delivery to europe on the north stream pipeline on the ground for eight. potentials are also under pressure from the country's biggest lenders bear bank losing over two and a half percent and the drug maker from standard to raise money against the company said it could take over one or two of its rivals by the end of the year market analyst on a unanimous and down board trade appearing to be was on ice has. continued concerns about the european dip problems nothing has been resolved and obviously ministers we've history in mind for deliverance from european authorities were
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quite bearish on their own for these meetings both of you harnessed ministers expecting nothing to really come. from that from that meeting well it was a pretty subdued the we were stocks down anywhere between two and five percent across the board in russia. that's a business update for us on the back with more and forty five minutes from now trying. to. calm.
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