tv [untitled] October 4, 2011 10:01am-10:31am EDT
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shane fury over corporate power in the united states is spreading all the way from new york to the west coast thousands of joined the so-called occupy wall street movement and they're angered by the economic slump and the role of big business in it hundreds of demonstrators so far have been arrested as artie's honest to see a check in the reports america's main stream media has been a largely ignoring the rapidly growing movement. taking the big apple by storm. getting arrested by the hundreds. getting netted and pepper sprayed in the face. spending night and day on the far from welcoming streets of the financial district . that's the price these demonstrators are paying to get their outrage across to those holding reins of financial and political power common americans who make up most of this country who don't have access to corporate power and the media don't have many options to get their voices heard those who take specific steps fight for
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change in the west are largely getting ignored and marginalized this artist and activist has been arrested twice i didn't expect to be arrested i didn't expect to get beat by the police i didn't expect to get locked up in incarcerated for always and always knows where to do that for both good cause and for this movement. ignored for the first two weeks of occupying wall street the peaceful movement started taking tougher measures by getting bigger and louder the only way to get the media to notice is to be disobedient you have to stir it up to the people who noticed. the mass arrests have built up popular support for the movement. you know them for putting us through some type of abuse because it's hope. you know is bringing more work some have sacrificed more than hours in jail to fight against wall street and many people have quit their jobs that have come here that's already happened the corporate media week three into the campout cy there does not pay much
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attention here the sunday front pages of some of america's most read newspapers or ridicules both the form and the substance of the gathering it is equal parts but surely body odor and you're and they're more concerned with. brainwashing people american idol or sports drama and pretty much anything to serve as a trap. other than the important issue right now this is a big report unnoticed by the corporate and political elite it's tougher than ever for those against the system to get attention with even some police officers ready to admit this protest is the way. the only. way to do what i imagine the occupy wall street movement promise is to grow in the months to come and history shows that the voice of the people can't be neglected forever. r.t. new york our time now for you to get involved with us here to tell us what you
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think about the wave of protests are raging across the u.s. you can cast your vote at all t. dot com now we're asking who all of these so-called occupy wall street activists most of you think they are freedom and democracy fighters just like the arab spring activists the other on the show the second most popular though lacking a bit far behind they are victims of police repression and the rest of you believe that they are hired probably just a bunch of trouble to do what you think it on t.v. dot com. well demonstrators in the united states have been voicing their anger of a rising joblessness student debt and police brutality professor alex of it's holly who actually took part in the new york protests believes their ultimate goal is to change america's political climate. there's a clear sense the united states that the power of wall street is completely out of control and that they are responsible for wrecking the american economy and i think young people in particular feel that their futures have been rebuilt or gets to be
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for the outrageous salaries and bonuses by the from wall street executives i think in large part what they're trying to do is to create a political climate where and number of political actors can start to talk seriously about significant report homes that hopefully can break up this kind of corrupt marriage between economic and political elites in the united states i think it started more like the indignance movement in spain with the young people who felt alienated from both the inner lector of politics and from the big political institutions labor unions and cetera but what it's morphing into i think is something more like what's been going on in greece which is of whole lot of kind of movement against a politics of austerity that benefits wall street and so that's why we're seeing more labor support more support from community organizations who feel that they're being asked to take pay cuts cuts and services of that wall street continue to enjoy all kinds of tax breaks and giant bonuses. from financial frustration and
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anger in america all the way to greece which as i once again been left hanging this this time until mid november the eurozone ministers have pushed back a decision on handing of a mall battle out cash athens has admitted it won't meet the deficit deadlines despite crippling cuts but the greek finance minister has said the nation can wait one more month for a rescue. reports from austerity capital of athens. it's been here almost in paris where the the most dramatic side of this economic crisis in greece has been played out as time and again we've seen people turning up outside the parliament building to protest against the severe austerity measures that they say simply untenable we find ourselves back in a position where people now are really asking just waltz has been achieved by implementing these astaire's the measures the greek government has to mitigate it won't be able to me is tough deficit reduction targets sent there throughout the whole year you say really about what the implications of that will be the greek
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government have also brings a measure to put thirty thousand civil servants on reserve that'll mean of a dungeon in the salary for you. at the end of the year the possibility of dismissal there are great points where do you think that that net. really in your own needed it the country to stay if played a trick awarded to care in the country at the moment trying to hammer out the details of that now it has to be studied. the only sure you get that money because. that would be felt. bad for greece at this point is also bad for the rest of the eurozone countries and indeed the global economy that is is that it this would have a separate. people are really asking now whether the euro is a need is it going to be able to come up with realistic solutions to get the country out of the situation that has been criticism from some of the analysts we
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spoke into here in athens they said that we've seen these job losses we've seen the cuts in wages and pensions of these are people who no longer be able to pay cuts to people who are struggling to pay the taxes and yet the government still seem to be such a list tax they solution to plug the big deficit in the budget so there are concerns really about the practicalities of any of these measures having. and he also talked about the possibility of. and as we said still a lot of public anger at the people did he feel that their lives are being put in a situation that is simply untenable that they can live with. that we've seen so much over the last year or so happening against my big concerns really about whether the usa need is going to be able to pull the country out of the situation. reporting right that want to despite ongoing rumors that euro finance ministers have rejected the possibility the greece will default on its loans but in vestment
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advisor patrick young says i think it's nice to leave the single currency if indeed it wants to save its economy. the european union are trying to take fiscal control of greece because they think that's the only way they can actually control the crisis essentially what is being fought at the moment is a battle for the sovereignty of greece the european union is too slow in doing it there's too little leadership and there is a big headed intransigence particularly amongst the finance ministers but they're specially amongst the leaders of the european union ations in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contagion that is going to kill the euro by the end of the year if we don't see positive and rapid action realistically that action means that greece needs to leave the euro because the problem is we
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cannot leave citizens of the european union to starve to death because it suits a troika of international lenders. it without any life from moscow and still ahead for you this hour colossal cost of high fashion one of the world's leading cotton producers is slammed for allegedly using child labor to harvest the profitable. libya's new rulers have named a new cabinet to govern the country until it's fully secured the national transitional council now controls most of the country but there are still pockets of heavy resistance after a two day ceasefire to allow residents to leave anti kadafi troops continue attacks on his hometown of sirte the red cross is warning of a humanitarian crisis as a town or runs out of essential supplies now more details on this we're now joined by the of a fuck out of a spokesperson for the international committee of the red cross i live in tripoli thank you for joining us so you've been to the town of sort of to how bad is the
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situation that you've seen. while our team went to search as you. on saturday to deliver urgently needed assistance to the hospital we managed to get in the hospital and spent a few hours to check on the hospital however the security situation did not allow us to move inside the town and see the situation of the civilians we managed to talk to representatives of the civilians to understand the situation they talk about lack of food lack of fortune there is no electricity there is a lack of fuel in the city and there is very difficult access to medical care the hospital has been working under very difficult conditions there is a lack of medical personnel no work no medical equipment no drugs no madison and as well that is like the city inside the hospital and the water tank has been hit so there is no water available in the hospital and now at the same time while talking to families going out of the city of sirte i have been on the eastern side where i
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have talked to families displaced to the desert at around thirty all to villages like qatar and other surrounding villages and my colleagues from the west as well are looking at the internally displaced families these people as well are living in difficult conditions because they are they are leaving just their houses to flee the ongoing fighting in the city of sirte and they are being displaced into the desert. living in high difficult hydronic conditions and having no access to medical care and no potable water as you say and other representatives from the red cross say a humanitarian crisis is certainly in the making it's unfolding as you said in sort of town in surrounding towns as well when it comes to us of the security situation makes it difficult to treat many of the patients are some of the civilians many of the civilians even casualties in this ongoing war because we've had reports that some of nato's bombing has been indiscriminate even hitting schools and hospitals. while for the international committee of the red cross at this stage we don't have
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clear statistics on the figures even in the hospital of even seen now we did not manage to tour the hospice. so to know you know about the numbers of casualties and the situation inside the hospital the security situation did not allow us to stay longer we went back to even seen a hospital yesterday and we delivered the needed oxygen because there was no oxygen at all inside the hospital and we delivered yesterday as well other medical equipment now for the international committee of the red cross we have been calling upon all parties to the conflict to spare as much as possible to civilian people and to always distinguish between military and civilian targets if i may just jump in for a moment as you're saying the red cross is absolutely involved in treating the civilians and the patients and those wounded in this ongoing war campaign but i want to ask you it's interesting that you know nato has planned the whole u.n. resolution and in fact nato has a press statement is quoting nato its mission is to protect civilians and civilians
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in populated areas under a child under threat of attack have you seen other than the bombing campaigns of you see nato engaged in any types of humanitarian activities other than the red cross of course. while it's not up to the international committee of the red cross to comment on such issues for the concerned the biggest concern is that the tabulation of the humanitarian situation as well as the protection of civilians under the international humanitarian law and all parties to the conflict in libya today are. to respect their obligations under the international humanitarian law to respect the civilians and to spare civilians life a life story as much as possible understood now with claims of violence ongoing on both sides there are also reports that khadafi loyalists are using civilians as human shields is that the kind of tactic that you've heard about. for us again i mean we look for the protection of civilians and when it comes to discussing these issues the protection of civilians or any violations against
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international humanitarian law we do this bilaterally in a confidential manner with the authorities who. supposedly in charge of these things and what is of utmost importance for us is that the civilian lives be spared and that the bodies the contracts respect their obligations again under the humanitarian law right giving of the international committee of the red cross live in tripoli many thanks indeed. for the former soviet republic of was back to stand as one of the world's leading cotton exporters while the government cashes in the country's most of honorable a paying the price. of a reports human rights groups say the cotton industry is thriving on illegal child labor such is the fear in the eyes of these children do you think they were picking opium not cotton that. i'm.
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just imagining than i do you send us there absolutely. meanwhile on the other side of the world the produce harvested with illegal child labor is enjoying the glare of flushing cameras will not occur the mother daughter of those dead president is presenting her new collection of forbes magazine pointers on how she's managed to be so commercially successful well i graduated from harvard so. so so it's a really good score you know in terms of you know giving you good grades the tools of his backers john are children as young as seven who work an average of seventy hours a week instead of going to school and then medications not the only thing they're missing out on with no heating proper bats were drinking water that i did to be mothers are powerless some of them stood up for their kids protection they were
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arrested taken to cotton fields they would be forced to work in the day and would be mass raped at night. with the helpful force child labor it was because stan produces around one million tonnes of cotton enough to make one billion t. shirts the cotton a sold abroad except to the sixty plus retailers including levi and they have pledged not to buy those but cotton because the harvest is so abusive this boycott sends a message to those government that is slaving children is not a shake but good not a karate move or was also is back a stance and best suited to the u.n. and the deputy foreign minister refutes the claims and she was also outraged when new york fashion week banned her collection from the catwalks two weeks ago but human rights groups applauded. it was a terrible message for the fashion industry to be sending that they would lend
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a high profile platform to the senior official of one of the world's most repressive governments the government about six years ago engaged in the disproportionate use of force against mostly peaceful protesters in the eastern city of andijon and it jan is the bloodiest chapter in president islam karimov student cade's in office in two thousand and five is forces opened fire on an anti-government demonstration killing five thousand people or other so-called dissidents jail sentences are common behind you chad he spent three years in prison for speaking out after his prosperous business was taken over by the president's people because. kerry most family is an organized criminal mob all sectors of the economy profitable businesses are under his control if you go to wiki leaks you'll see that the u.s. ambassador calls karim and matthew a princess but all this will stay just words while the war continues in afghanistan
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gary moore is an important ally there and everyone will close our eyes to his crimes. but leaving egypt and tunisia and were once important allies however the arab spring showed just how quickly things can change. on the ground our team. of course you can always find more on all of our stories at our daughter com let's have a look now what else is waiting for you on line israeli aggression in mt new un statistics show an alarming rise in the amount of anti palestinian violence in the occupied areas of gaza and the west of buying more on the on line as well as. clash of the titans to russian tycoons or go head to head in court this week as former media mogul boris berezovsky sues chelsea football club owner roman opera mortgage for more than five billion dollars find out why it r.t.
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dot com. check out some world news headlines now here on r.t. huge car bombs exploded outside a government building in the somali capital mogadishu at least seventy eight dead the explosion went off near the ministry of education where students were reportedly sitting for a foreigner scholarship exam. witnesses say that an unidentified vehicle was used to carry out its hard. insurgents which have links to al qaeda say they were behind the a sort. of u.s. commander in afghanistan has promised american forces will stay in the region for quite some time two thousand and fourteen was set as the deadline to withdraw some ninety thousand troops i mean time president obama wants gone by next summer but general john allen says the exact number of troops that will remain to advise the afghan security forces is yet to be determined. the family of murdered british student meredith kercher says that once again they have no one says as to how she
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died that's after an italian court cleared american amanda knox of murdering coacher in two thousand and seven she had already served four years in jail when her appeal was accepted on monday by the judge ruled that evidence of sexual assault and murder was unreliable and overturned of the original guilty verdict. in southwestern pakistan a gunman on motorbikes of executed twelve people and injured seven mostly shia muslims they stopped a bus for people off made them stand in line and then opened fire on sunni militants with links to al qaeda and the taliban have carried out scores of a time against the minority of shia in recent years but the past couple of weeks have seen an escalation. all right so while leaders are looking for specific ways to tackle the world's financial troubles some economists say the problem lies deep in the global structure we spoke to a senior scholar at yale university in. the modern financial system is
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actually reaching its natural and. modern capitalism has in my view but that's a long story reach the end of its rope. it cannot survive as a system we are seeing is the structural crisis of the system its roots are in many ways the impossibility of continuing the basic principle of capitalism which is. ceaseless accumulation of capital. and that's the whole point of capitalism as a system and it's it's worked in some ways marvelously well for five hundred years it's been a extremely successful system in what it has tried to do but it has undone itself as all systems do it's extremely dangerous to you and to me it's a system in which everything is relatively short term unpredictable if you don't know what's going to happen the next day or the next year then you don't know what
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to do and you get paranoid and that's basically what we're seeing in the world economy right now there's a paralysis nobody's investing really and if you don't invest that makes the situation even worse but people don't feel they don't much choice they're right they don't have too much choice the options are few. and you can watch the full interview in about seven minutes from now here in our office of the business with. thank you rory economic uncertainty has investors staying away from risky assets in russia as people preparing for the worst russians are rushing to sell the ruble as it gets weaker but as business artie's many in the course reports situation is not necessarily a reflection of the current economic environment. solution your savings from
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a national currency to a foreign one may seem like a sign of panic but that's not the case in russia since the ninety's when hyperinflation made it impossible to put prices in rubles many russians used u.s. dollars and euros instead lots of russians still have their savings in foreign currencies partly because they don't trust the rubles the billets to and whenever there is any sign all financial turbulence people rush to convert and that is what's happening now but many analysts say that's only making the situation worse the ruble weakened against the dollar extending its worst orderly depreciation in over years it's lost fourteen percent in the past two months but it's still nowhere near the two thousand and nine financial crisis when the russian currency lost a third of its value last month transfers reached their highest level in two years equal to four and a half a billion dollars they had essential banks says the ruble has been in the gradual
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devaluation for about two months spots it bull bounce back soon all this suggests the problem is a russia has a lot of net capital inflows and the only domestically funded banking sector analysts are now open the banks tight monetary policy will help prevent a for the client and in fact the bank already put a billion dollars to defend the ruble and this prepared to go even further to stabilise of the currency and analysts we've spoken to say that if place with a fresh recession in europe or in the united states russia will come out on small because it has learned from its past mistakes. circled at the. starting with you said the oil is moving ground to its lowest to more than a year or monthly concerns about where the mom tromped of the u.s. manufacturing and construction spending brant is losing two and a half dollars a just ninety nine dollars per barrel. it is down two dollars ten cents. u.s.
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stocks are still sharply lower after the release of federal reserve chairman ben bernanke he's prepared testimony before congress most of the still worried about the states of the global economy as reflected in the drop of the dow european stock markets are also deep in the red footsies down three point six percent swayed down by the banking sector that's after european authorities delayed a decision on writing to greece and the bank and commerce bank of losing more than five percent on the dax after bush bank warned they wanted to achieve its twenty eleven pretax profit target of ten billion dollars. it's all going from bad to even the worst fear in russia where the r.t.s. my six are down six and a half percent per day of sharp losses investors are concerned that contagion from europe's debt crisis will hurt manufacturers and the road demand for commodities
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look at the main movers or should i say the main losers on the russian markets then these are of course energy shares as we saw world prices fall down more snifters down seven per cent goldmine other spots goes among the biggest the losing stocks up to push through week results for the first half of the year and hydrologist the producer ross hydro is also weak but it's a bit stronger than the market if you can say that our performance two point eight percent in the red. first top net profit rose twenty six percent to eight hundred thirty million dollars a look at gaza for me to be capital gives his advice on the current best bets. so obviously hard to. stock right now if in any scenario i think well and gas is probably your best choice. not a high bidder play of the stocks to recover if things become rose again obviously stuff like stealing the early years but there was a they feel they are safe a safer bet and their theory there isn't
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will if they are still going to be thinking. and going chosen people will not believe that god is real estate agents they look at the stands this for you guys and disguised as. under don't go on are yours or mine feel different might not bend. up with your. family around them oh. yeah. light up up shut . the.
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