tv [untitled] October 4, 2011 12:00pm-12:30pm EDT
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rage that corporate greed and wall street's role in the financial crisis hits more u.s. cities the protesters say viagra campaign is largely ignored by the mainstream media . euro zone's finance minister is still a crucial bailout cash for africa says it misses deficit targets all greeks claim that state imposed costs are already pushing them on. this transitional leaders and they have a new cabinet see gadhafi fighters find a final on top of the colonel stronghold of sirte which the red cross says is suffering from a humanitarian crisis it's. just
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after eight pm here in the russian capital you're watching our now our top story fury over corporate power in the u.s. is spreading from new york across the country thousands of joy the occupy wall street movement angered by the economic song as well as the role of big business in it all hundreds of demonstrators have been arrested but are going to see a truck and i reports america's mainstream media has been largely ignoring the rapidly growing movement. taking a big out by storm. to go rested 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
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political power common americans read up most of this country don't count. access to corporate power and the media don't have many options to get their voices heard those who take specific steps to fight for 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 or to get locked up incarcerated for always and always knows where i would say good for both good cause and for this movement. i 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. to the people who noticed. the mass arrests have built up popular support for the movement by you know for putting us through some type of abuse because it's hope. you know is
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bringing we're working with 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 we three into the camp outside our does not pay much attention here the sunday front pages of some of america's most read newspapers or ridicules both the form and the substance of a gathering it is equal parts patrolling body odor and urine they're more concerned with. brainwashing people american idol sports drug and pretty much anything to surface attraction other than the important issue right now this is a big board and noticed 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 to the only of the billable of a way to do it. the occupy wall street movement promises to grow in the months to
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come and history shows that the voice of the people can't be neglected forever this as a church. archie new york well tell us what you think about the wave of protests raging across the west you can cast your vote at r.t. and dot com and we're asking who are the occupy wall street activists so far most of you think they are freedom and democracy fighters just like arab spring activists or the second most popular answer although life being far behind is that they are victims of police repression and the rest believe their hard crowds are just a bunch of troublemakers and you can share what you think at r.t. dot com. demonstrators in the u.s. have been voicing their anger over rising joblessness student and police brutality professor alex vitale who took part in the new york protests believes that 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 numerical economy and i think
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young people in particular deal with their futures of luggage to me for the our wages salaries and bonuses from my view from wall street executives i think and are for what they're trying to do is to create a political climate where a number of political actors and start to talk seriously about significant reply that hopefully can break got this kind of corrupt marriage between economic and political elites in the united states i think it started more like the indignance movement in screen with the young people and felt alienated from her electoral politics and from the big political institutions labor unions and cetera but what is more thing into i think is something more like what's been going on in greece which is of kind of movement against the politics of austerity that benefits wall street and so that's why we're seeing more labor support more support from community organizations feel that they're being asked to be cuts cuts and services wall street and she had to endure all kinds of tax breaks and giant bonuses greece
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has once again been left hanging and this time until november here's a minister supposed back a decision on having over more bailout cash all options has admitted it won't meet deficit deadlines despite crippling cuts but a quick finance minister has said the nation can't wait another month for a rescue party sarah for reports from the stair to cap what happens. here all of them packed with the military side of the economic quite the thing has played out it's time and again we think people tightening up outside that part of the building the place that gets that there are stacks of it as they say i think the answer to that will be find ourselves back in a position where people now over just what has been achieved. these are basically has to make the. won't be able to meet his tough deficit reduction target sent to the home usa merely about what the implications of that will be the greek
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government have also things imagine to put thirty thousand civil service members little need of a dungeon in the salary for yeah i'll be at the end of the year the possibility of dismissal there are great and think which way do you think you get that letter. and hearing needed if the country were to stay late to treacle or to keep care in the country then maybe trying to hammer out the details is done now and has to be studied the. only should you get that money. that would be felt almost immediately. this point is also about the rest of the year as a country that indeed the global economy that is that it this will have a separate. people are really asking now whether the year 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 in t. here in athens say that we've seen these job losses we've seen because it wages and pensions but 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 seems to be subtlest touch base solutions to plug the big deficit in the budget so there are concerns really about the practicalities of any of these measures having any effect will also talk about the possibility of quick to take and as we said still a lot of public anger at the people can he fill the lives of being put in a situation that is simply untenable that they can't live with so we can see more strike action that we've seen say much of the last year or so happening against my big concerns willy about whether a year isn't needed again to be able to pull the country out of the situation was now get more. from fall of baguettes is a professor of economics and author of the book the tragedy of the euro how the survived a so euro zone leaders seen were very keen to keep greece in the currency union to
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keep the euro going but why do you think they keep postponing the vital bailout cash and is there a longer term purpose when. writing because one that we. just . we were kind of person looking for work for the next election want to keep it keep it going they have pressure very much. it was. very generous too but it was really. a long term solution which started. central european government which if. you build it from this is all you see you say they want to keep it going but is it isn't it counterproductive by not giving bailout cash to greece when it needs it if they want to keep it going yes yes this is like it should be. the one who blinks first you will says you are good with this austerity measures otherwise you don't get the money and the money you get reached
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as well we're doing this already so we think there's enough you should give us the money and the greek government not a sort of course. you want to give the money it's going to go or. so. from a schuster to me yeah you want to do ok well greece was saying earlier that it can only afford to pay its bills until october but now apparently it can do so until mid november i can it possibly stretch its cash evolved longer how likely is a default then. i was going through really in groups that those things anymore or my dog or their mate because groping around through november but in yours they are still running huge deficits so it was through early that they were run out of money. if you think that all right still ahead eight point five percent which is just huge it's incredible. ok i went away
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you know in the financial crisis if we can remember one of the words had kept floating around was the word contagion right now how much fear is there in spain that the greek troubles are going to spread to that country well of course of course there's fear if we default. in the big gray and then it was a question of spain we want to do the same. so there's there's a risk. and. just hope you can really. hear what are your views on cots i mean as spain has also been going through this in greece very for her for its part has been piling asserting measures upon a steady measures are parts really the way forward. yes it is of course if you spend if you spend more like if you know it for your own house so if you spend more than your amp income why i wanted to increase. your income i'm i'm not in
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favor of this because i think that actually. to the private sector we need private initiative to get. on with growth so the other way through loose spending. or bought or sell your property according to some sources it with government probably will we hundred billion euros so if they sell our island and the acropolis and so on they might have. much they can read and. i'm going on well thank you very much i miss our fellow bagus there professor of economics and author of the book the tragedy of the euro thanks very much. well as still have for you this hour the colazal cost of high fashion one of the world's leading part producers of slang for allegedly using valve lever harvest the profitable for. the libya's new rulers have named
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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 laughter a two day cease fire to allow residents to leave after gadhafi troops continue with attacks on his besieged hometown of sirte the red cross is warning of a humanitarian crisis as the town runs out of the subtle supplies did it but here a spokesperson for the organization who visited the weekend says the situation there moving stuff. we managed to get in the hospital and spend 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 presented to the pacific to understand the situation they talk about lack of food lack of forty there is no electricity there is a lack of fuel in the city and there is very difficult access to medical care and no i've been same time while talking to families going out of the city of sirte i
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have been on the eastern side where i've talked to families displaced go to the desert i don't see it all to villages like 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 defeat the ongoing fighting in the city of sirte and they are being displaced into the desert. living in high difficult hygenic conditions and having no access to medical care and no potable water we have been calling upon all parties to the conflict to spirit as much as possible to civilian people and to always distinguish between military and civilian targets now with nato yet to decide whether to end its military campaign in libya although in journalist afshin rattansi says it's clear the only point of the war was to divide the country's resources. this is what nato are involved in an action which is obviously contrary to the u.n. resolution which is supposedly mandated to go in and overthrow the government of
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gadhafi we're getting reports of electric torture electric shock torture being used by these revolutionaries who exactly other people that are fighting nato because they may not like it they're free they may not like the nature of troops it's very interesting that they are the most advanced arsenal in the world of nato is six months on and they still haven't won the country this is all about the idea that these great powers as of old can divide up the resources and the future of the libyan people why they're quiet about it the media kind of got bored after the initial explosions and me so-called attack the don't even know reporting the bombing of hospitals and certainly. the former soviet republic of his back his son is one of the world's leading cotton exporters and while the government cash to send other countries most vulnerable are paying the price. but actual reports human rights groups say the cotton industry is thriving are illegal child labor. such is the fear in the eyes of these children if you think they were picking opium not. a
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man as it was the judge that up again. and that is one of the writers and i do you say that their. eyes of god. meanwhile on the other side of the world should produce harvested for the legal and child labor is enjoying the glare of flushing cameras were not a cardinal law daughter who's better president is presenting her new collection because forbes magazine ponders on how she's managed to be so commercially successful i graduated from harvard. so it's oh it's a really good score you know in terms of you know giving you good grades to the tools it was like a shot on our children as young as seven to work an average of seventy hours a week instead of a very interesting and medications not the only thing they're missing out on with
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no heating proper bats or drinking water. and mothers are powerless some of them stood up for their kids protection they were arrested and taken to cotton fields they would be forced to work in the day of the mass rape that night. with a healthy force child labor is based on produces around one million tons of enough to make one billion. the cortinas sold abroad except for the sixty plus retailers including a why and they have pledged not to buy those but cotton because the harvest is so abusive this boycott sends a message to those governments that is leaving children is not shake programmatic the movie was also used by the stones and besuited to the u.n. and the deputy foreign minister refutes the claims and she was also out preached when. new york fashion week bamford collection from the catwalks two weeks ago but
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human rights groups protest it was a terrible message for the fashion industry to be sending if they would lend a high profile platform to the senior official of one of the world's most repressive governments the governments about sixty years ago aged in. the disproportionate use of force against mostly peaceful protesters in the eastern city of andijon and the john is the bloodiest chapter in president islam karimov steve decades you know in two thousand baht is forces opened fire on an anti-government demonstration killing but thousands of people are out the so-called dissidents jail sentences of home behind you spent three years in prison for speaking out after his prosperous business was taken over by the president's people and it. really is an organized criminal. does of the economy profitable businesses in iran to his control if you there is
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a wiki leaks it will see that the u.s. ambassador karim miller's daughter and murphy a princess. but all this will stay just words walking in afghanistan carry more is an important ally that is one every one of you will close our eyes to this crime. but believe it egypt and tunisia and we were once important allies to however the arab spring showed just how quickly things can change. people to know their children our team. well you can find more of all our stories at r.t. dot com here's a look at what else we have michael you're right it's really a question the balance is new here at statistics showing a lot of the rise in the amount of the empire was in the occupied areas of gaza and the west bank or more that. have clash of the titans to russian tycoon. go head to head i'm bored this week as former media mogul but as what dissolves the
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street. on the call. well here's a look at some world news in brief this hour a huge car bomb has exploded outside a government building in the somali capital mogadishu killing at least seventy and want to dozens the explosion went off near the ministry of education where students were reportedly setting for a foreign scholarship examination eyewitnesses say unidentified vehicle was used to carry out the attack al shabaab insurgents which have links to al qaida said they were behind the assaults. top u.s. commander in afghanistan has promised american forces will stay in the region for a long time twenty fourteen was set as the deadline to withdraw some ninety thousand troops currently deployed in the country president obama wants a third gone by next summer but general. john allen said the fat number of troops that will remain to advise the afghan security forces is yet to be determined.
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the family of murdered british student meredith kercher say once again that they have no answers as to how she died after an italian court cleared american amanda knox of murdering her tour in two thousand and seven she had already served four years in jail when her appeal was accepted on monday the judge ruled that evidence of sexual assault and murder were unreliable and overturned the original guilty verdict. in the southwestern pakistani government. executed well people will be injured seven goals once they saw the boss force the people all made him stand in the line of them could fire sunni militants with links to al qaida and the taliban have carried out scores of attacks against a minority shiite in recent years or the past couple of weeks have seen an escalation. and now it's time for this hour's business news to me tree.
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thanks as a lone woman you can see the business news on our see cheaper crude and capital outflow from the emerging markets continue to press on the ruble the russian currency has lost thirteen percent of its value against the u.s. dollar this was a lot more on this i'm joined by andy did a good head of research at for a scrub brush and they thank you so much for being with us today so another twenty seven copecks the rouble is lost versus the dollar today why is it fall ing so quickly this is sort of panic on our markets and because the situation in wall the economy is quite alarming saw investors fleeing emerging markets and all saw a situation political situation is quite tense in russia and investor are thinking about what will happen in december after poor measure relations and are preparing for presidential elections as well but of course the main even know was the
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following price of crude. oil yes the demand from dimensional through man remain quite strong average price for urals was one hundred eleven dollars per barrel is quite comfortable level for russian economy but still it seems that the russian banks and corporate sector are buying dollars in order to pay off debt obligations they have to pay till the end of the year more than twenty billion dollars i will mention the oil price misery of course a very important factor in the ruble dollar exchange rate for men what do you think is the lowest kind of benchmark level of crude oil for the ruble to the day that. a grant was rated to test a level of one hundred dollars per barrel it actually would below one hundred years that he has even thought but still they believe that every price of oil next year
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will be more than one hundred ten dollars brant between. that. world economy should recover and consumption should grow today to see a sort of panic on international stock markets and also there are thought of. as everything else from the middle east. and. all all all the signals that prove that should grow and it means that. should be my strong that that. act according to our calculations the a fair price of rouble is twenty seven point three dollars which is much stronger than it is right now yes yes around thirty two point seven well under the i do you think the central bank right now is not intervening that much to support the currency i think that central bank will step in the interation during.
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during may be to morrow or the day after to morrow. that they're like romping. made it proximately four hundred million dollars bad day but that's not enough. to support ruble but it seems that the central bank is ready to intervene but think about how regulator. also relies on strong fundamentals. with we have heard from the central bank statements like russia needs a more flexible weaker ruble in order to be more competitive with the imported goods for example i don't believe that. now regulator is interested in a weak ruble it seems that our current course so far modernization proclaimed by our governments because the. reasons they need more than capacity is they need to
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import a lot of for aggregates machines and that's why i mean i think that the russian economy is more interest. on stronger right now but we have in the past couple of days on the scene some controversial comments made by your colleagues by different traders that even despite the fact that the market is falling a still an opportunity to make money what would you advise in the current situation which is pretty volatile. currency is the birth of war trial and nobody knows what will happen to morrow but still i believe that. we'll be much stronger and in a couple of weeks but everything everything is that is dependent on the situation on the waltzers talk or markets all right on the head of research of course of russia thank you so much for being with you. that's all we have time for in this edition of the business news on our civil war we'll be back in our fifty five minutes time with plenty more to stay with us.
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