tv [untitled] October 4, 2011 12:01pm-12:31pm EDT
12:01 pm
corporate power in the us is spreading from new york across the country thousands have joined the occupy wall street movement angered by the economic slump as well as the role of big business in it while hundreds of demonstrators have been arrested but artie's an associate sure can have reports america's mainstream media has been 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 change in the west are largely getting annoyed and
12:02 pm
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. incarcerated for hours and hours and hours. to do that for good cause therefore 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. you know it's 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 we three into the camp out either does not pay much. attention here the sunday front pages of some of america's most read
12:03 pm
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 sports drama pretty much anything to serve as a traction rather than the important issue. right now this is a biggie for unnoticed by the corporate and political elite it's tougher than ever for those against the system to get attention would even some police officers ready to admit this protest is the way you know that's. the only. way to do what i imagine the occupy wall street movement promises to grow in the months to come and history shows that the voice of the people can't be neglected forever mr archie new york well tell us what you think about the wave of protests raging across the us you can cast your vote at r.t. dot com and we're asking who are the occupy wall street activists so far most of
12:04 pm
you think they are freedom and democracy fighters just like arab spring activists or the second most popular answer although lacking far behind is that they are victims of police repression and the rest believe their hired crowds are just a bunch of troublemakers where you can share what you think dot com. demonstrators in the u.s. have been voicing their anger over rising joblessness student debt 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 new american economy and i think young people in particular feel that their futures have been. before the outrageous salaries and bonuses earned by these wall street executives i think in large part what they're trying to do is to create a political climate where a number of political actors can start to talk seriously about significant group
12:05 pm
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 who felt alienated from both. politics and from the big political institutions labor unions and cetera who are what it's more thing into i think is something more like what's been going on in greece which is 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 are being asked to take big cuts cuts in services that wall street continued to enjoy all kinds of tax breaks and giant bonuses greece has once again been left hanging at this time until mid november here's a ministers have pushed back into session on having over more bailout cash all options has admitted it won't be deficit deadlines despite crippling cuts but the
12:06 pm
greek finance minister has said the nation can wait another month for a rescue party sarah for at the ports from the astaire to capital athens has been here all the thin pad with the military math excited that the economic quite distinctly has played out it's time and again we've seen people turning up outside the parliament building to protest against the severe austerity measures they say they instead of will be find ourselves back in a position where people now of really just waltz has been achieved by saying these are just a quick government has to make that it. to be able to me is tough deficit reduction targets sent to the whole usa really about what the implications of that will be the greek government have also brings a measure to put thirty thousand civil servants on reserve level meaning the dutch in in the salary for a year. at the end of the year the possibility of dismissal there are a great place where do you think that. really in your own needed is the
12:07 pm
country to stay late to treat quoted to care in the country at the moment trying to hammer out the details of that now it has to be said that. 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 spoke in to hear nothing say said that we've seen these job losses we've seen the cuts 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 subtlest touch they solution to plug that big deficit in the budget so there are
12:08 pm
concerns really about the practicalities of any of these measures having any effect will also talk about the possibility of quick default sake and as we said still a lot of public anger at the people here he feel that their lives are being put in a situation that is simply untenable that they called live with so we can see more of that strike action that we've seen so much over the last year or so happening against my big concerns really about whether a year its own leaders are going to be able to pull the country out of the situation was now get more of a. full of baguettes is a professor of economics and author of the book the tragedy of the euro this are vaga so euro zone leaders seem we're very keen to keep greece in the currency union to keep the euro going but why do you think they keep a spawning vital bailout cash and is there a longer term purpose to it. when they just want to. just short your kind of course but it is you that look forward to the next election
12:09 pm
want to keep it keep it going they have very much. industry and also the banking industry but they don't need. a long term solution besides if central european governments. even though they're strong this is what you say 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 that if they want to keep it going yes yes but this is like it should. the one who blinks first you are says you have to do this austerity measures otherwise you don't get the money that. we're doing this already so we think there's enough you should give us the money and the greek government nor so of course. you want them to give the money to keep them.
12:10 pm
from a threat to me yelling that you want to do ok will 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 even longer how likely is a default then well. who who is going to believe in greek statistics anymore my. just broken on through november the thing is they are still running huge deficits so sooner or later they were run out of money because they are not british if you think that at this at all it's still at eight point five percent which is just you should say incredible. ok i went away you know in the financial crisis if we can remember one of the words that 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 of greece defaults. in there and you know big rain.
12:11 pm
if there were starts to question of spain we were going to do the same. so there's is the risk of. this also just. italy. ok what are your views on cots i mean no spain has also been going through this in greece very for her for its part has been piling a certain measures upon a sturdy measures are cots really the way forward. yes years of support if you spend if you spend more like if you know it for your own house or if you're spent more than your amp income where one is to increase. your income i am i'm not in favor there's the bus i think that actually. show the private sector we need private initiative to get it to go for economy growth so the other way tory knows spending. more are also your property according to some sources
12:12 pm
when government has property of three hundred billion euros so if they sell or island and the acropolis and so on they might. much again reduce the. whole thank you very much i mr fell a bag is a 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 cotton producers of slang for allegedly using shall believe or harvest a profitable for. a living as a 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 and to get off the troops continue with attacks on his besieged hometown of sirte the red cross is warning of
12:13 pm
a humanitarian crisis as the town runs out of the central supplies even back here a spokesperson for the organization who visited the region says the situation there remains dire we managed to get in the hospital and spend 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 the presented to us of the civilians to understand the situation they talk about lack of food lack of for sure 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 have been on the eastern side where i've talked to families displaced to the desert i don't see it all to villages like 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
12:14 pm
their houses to flee the ongoing fighting in the city of sirte and they are being displaced into the desert. living in high difficult conditions and having no access to medical care and no potable water we have been calling upon all parties to the conflict despair 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 author and 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 gadhafi we're getting reports of electric torture electric shock torture being used by these revolutionaries who exactly are the people that are fighting nato because they may not like it or feel they may not like the nature of troops it's very interesting that the most advanced arsenal in the world of nato is six months on
12:15 pm
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 the so-called attack that they don't even know reporting the bombing of hospitals in search of. the former soviet republic of his back a 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 starting to get that he reports human rights groups say the cotton industry is thriving on illegal child labor. such is the fear in the eyes of these children being they were picking opium not constant but i thought i'm going to come out of this was that the one that up again that i was mad as well then yes there was no malice in an idea that set us there. as of. yet.
12:16 pm
meanwhile on the other side of the world the produce harvested to be legal and child labor is enjoying the glare of flushing cameras were not according to law daughter who spent her as a dentist design team her new collection of forbes magazine ponders on how she's managed to be so commercially successful i graduated from harvard so. so so it's a really good school you know in terms of you know giving you good grades the tools of a spec you xan are children as young as seven to work an average of seventy hours a week instead of a very interesting and the medications not the only thing they're missing out on with no heating proper bats were 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 and would be mass
12:17 pm
raped at night. with the help of course child labor was based on produces around one million tons of cotton enough to make one billion. the cortinas 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 shake but good not a coyote mobile was also was but he stands on a bus headed 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 catwalk two weeks ago but human rights groups. it was a terrible message for the fashion industry to be sending that they would lend a high profile platform to the senior official of one of the world's most repressive governments the government for about six years ago aged in the
12:18 pm
disproportionate use of force against mostly peaceful protesters in the eastern city of andijon under john is the bloodiest chapter in president islam karimov still decades you know in two thousand by the nurses opened fire on an anti-government demonstration killing five thousand people are all the so-called dissidents jail sentences are common behind you spent three years in prison for speaking out after his prosperous business was taken over by the president's people because. family is an organized criminal. does of the economy profitable businesses in iran to his control if you go to wiki leaks you'll see that the u.s. ambassador karim and matthew princes but all this will stay just woods while the war continues in afghanistan. is an important ally day and everyone to be able
12:19 pm
close eyes to describe. but maybe egypt and tunisia and were once important allies to however the arab spring showed just how quickly things can change. people today in the search of a r t. when you can find more of all our stories at r.t. dot com and here's a look at what else we have on my phone you're right it's really a question balance is needed here at statistics showing a lot on the rise in the amount of and then the fire was in the occupied areas of gaza and the west bank on one of the online. and clash of the titans two russian tycoon. go head to head in a fourth this week as former media mogul but his butt dissolves soon as it chelsea football club owner of a mortgage for more than five billion dollars why don't why is our team dot com last check out all our best videos on argue to channel.
12:20 pm
12:21 pm
wounding dozens the explosion went off near the ministry of education where students were reportedly setting for a foreign scholarship examination eyewitnesses say on the unidentified vehicle was used to carry out the attack al shabaab insurgents which have links to al qaida said they were behind the assault. a 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 that 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 say once again that they have no answers as to how she died after an italian court cleared american amanda
12:22 pm
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 and injured seven hundred. they stopped a boss forced the people off made them stand in the line and then opened fire sunni militants with links to al qaida and the taliban have carried out scores of attacks against the minorities in recent years but the past couple of weeks have seen an escalation. and now it's time for this hour's business news with dmitri. thanks to a lone woman to the business news on our team cheaper crude and capital outflow from emerging markets continue to press on the ruble the russian currency has lost
12:23 pm
thirteen percent of its value against the u.s. dollar this autumn talk more on this i'm joined by andy did a good head of research at forex club russia 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 falling so quickly this is sort of panic on our markets and because the situation in world economy is quite alarming saw investors are 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 parliamentary elections and are preparing for presidential elections as well but of course the main signal was the falling price of crude. and yes the demand from dimensional three 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 russian
12:24 pm
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 busy of course a very important factor in the ruble dollar exchange rate forming what do you think is the lowest kind of benchmark level of crude oil for the ruble to the day that. brant was rated to test a level of one hundred dollars per barrel it actually would below one hundred years or even so but still we believe that every prize of oil next year will be more than one hundred ten dollars there are a brant it me. world economy should recover and consumption should grow to davis see it sort of panic on international stock markets and also
12:25 pm
there are sort of. as everything else from the middle east. but. all all all the signals brew that should grow and it means that. should be my stronger that. according to our calculations the fair price of. twenty seven points for a dollar which is much stronger than it is right now around thirty two point seven well under why 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 international during. during may be to morrow or the day after to morrow. that they're like bumping. made a proximately four hundred million dollars head day but it's not enough. to support
12:26 pm
through both but it seems that the central bank is ready to intervene but about our regulator. also relies on strong fundamentals. which we have heard from the central bank statements like russia needs a more flexible weaker ruble in order to be more competitive with imported goods for example i don't believe that. now regulator is interested in a weaker it seems that our current course so far modernizations proclaimed by our government because. our business they need modern capacities they need to import a lot of aggregates machines and that's why i mean i think that the russian economy is more interest. 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
12:27 pm
despite the fact that the market is falling is still an opportunity to make money what would you advise in the current situation which is pretty volatile. a current situation is the bear water tower and nobody knows what will happen to morrow but still i believe that. will be my stronger. in couple of weeks but everything everything is there is dependent on the situation of wall markets all right on the head of research a forest of russia thank you so much for being with you and that's all we have time for in this edition of the business news on our team but we will be back in our fifty five minutes time with plenty more to stay with us.
12:28 pm
it was created to serve public interests to inform and to entertain. these days there's nothing easier than opening a new media outlet but there is nothing harder than revoking its license in case of corruption was banned when jurors from. san antonio in front of the ground you can involved in a community ground where you have one large corporation controlling the daily newspaper radio stations television stations the cable outlet can you tell me that
12:30 pm
welcome back this is our t. live from moscow and here's a recap of our main stories of protest against wall street and corporate greed go in nationwide in the u.s. and its fight hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing campaign. finance ministers put off a decision on a crucial bailout loan for greece after athens admitted it won't meet deficit deadlines but i agree greeks already claim be austerity measures imposed by the government and. leave us transitional leaders name a new cabinet to govern the country until it's fully secured get off the troops continue to evolve the colonel's besieged. push the red cross says is suffering from a humanitarian crisis. the u.s. and the eurozone continue to struggle for now.
33 Views
Uploaded by TV Archive on