tv [untitled] October 5, 2011 12:00pm-12:30pm EDT
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top stories on our team greek police uses tear gas to clear and to a sturdy protesters as a country is paralyzed by a nationwide strike against new budget cuts and higher taxes. always been tensions boiling. in the streets about then as the riot police and angry protesters clash we'll bring you all the latest information in just a few minutes. russia and china blocked a u.n. resolution against syria saying the european backdrop was based on confrontation and the. unions joined the thousands across the u.s. forcing their anger of corporate money and its influence on the government at
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a time of soaring unemployment. is soccer a.p.m. here in the russian capital you're watching our t.v. now our top story police have fired tear gas of protesters gathered outside the greek parliament building or the country has ground to a halt with workers walking out of jobs in a twenty four hour public sector strike angry at the government's policy of cuts all flights in and out of greek airports are grounded while hospitals are relying on emergency staff well artists are firth is alive in athens for us as sara you've been monitoring developments there we've seen another day of violent clashes between protesters and riot police what exactly have you been seeing. things on the streets. outside the main parliament building really escalate.
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the tensions build a village the angry protesters and the riot police clashing we saw a gas being fired we also saw some people needing medical attention the riot police moving on to syntagma square and trying to clear the protesters out of that area and really some very aggressive scenes of the clashes between the two sides that we saw the police moving into the metro station chasing some of the protesters here on . the match a workers are on strike and actually intervening to push back the riot police. a very very tense situation and as we said in the weeks leading up to this nationwide strike we see more and more of these asperity measures being passed not really raise the level of public anger here at the beginning of the day the main labor party is in the country had led thousands of work is public sector workers on to the streets to protest against these measures and again like we said we saw day scenes that escalating quite dramatically throughout the day right and certainly
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the backdrop that we're seeing here is you have a lot of and you're starting protests regional workers are threatening sabotage somehow or officials tapper and this is how likely is greece to receive the next meal outlasts. well it's difficult to say at this point will they solicit been telling me is it is extremely unlikely that they won't get that money at some point they'll be receiving and the latest information we had that was probably around midnight and go into goal posts really keep moving here and that's been a big part of the problem is amongst the public amongst the markets as well is people really losing trust in the eurozone leaders of village see to take the country out of this crisis into put measures in place that are actually realistic and can be met now what we've seen over the last couple of weeks is the greek government passing more and more of these are starting measures to try and keep the international lenders on side to try and prove to. and they're able to take these
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stats to try and plug the deficit in their budget the property tax that we saw passed last week and the announcement of possible job losses on top of people already in the country having had the salaries cut dramatically most people it's about thirty percent of the salaries of who are being cut and to have these extra taxes it is really raise the level of anger amongst the public here he said they simply can't manage that now we've seen this all say quite disconcertingly spreading throughout the usa and from the sovereign debt crisis moving now into the banking sector as well and there are fears of a repeat of what we saw a couple of years back here and you know once again we're hearing what people are saying is the stats in the measures that will kill him play said that time after he saw the collapse of lehman brothers you know really what was achieved from that because we find ourselves back in the same situation certainly here in greece we seen scenes like this people dead violence erupting on the streets a tear gas being used against
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a very angry population and still it seems no measures are being taken to stabilize that situation say that's really been part of the past the needing food is going to be a big part of the challenge now is how to regain that trust we've already seen it's really today being downgraded by midis and the state of for midi said that that happened as a result of a lack of trust in the year you think governments really does tend to that could not be echoed any more clearly by the public here we saw this exactly how they feel they just lost trust in the usa leaders ability to get them out of the situation and face now really that we're going to see this meeting for the financial crisis into very severe economic recession possibly not just because remember the rest of the year is saying countries as well all right again it's the the ripple effect there that people are looking out for thanks very much for bringing us up to date there reporting from. for thank you. for euro zone leaders have given themselves until mid november to decide the next tranche of the greek bailout well
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it will arrive only if the country needs its deficit targets thomas tigress and from s.c.b. merchant banking believes that athens is prepared for default. there is no real point in keeping on with this bailout exercise and i think over the past one a true monster that's become clear to the euro system and the i.m.f. as well so i think that the delay that we heard earlier is a very significant event cheer said there won't be any more bailout payments to greece we need another four or five weeks before the difference a purple relations for for a week to fall can be in place obviously if it happens in uncontrolled way it could be a very destructive event if there are no difference here of preparations made in the in advance the cost of the other problem and dearly. i think that that is what really is the reason why this is going to happen right now but in four or five weeks he said there are no frantic preparations underway to bolster the
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defenses to make money available for bailing out banks and ring fencing the healthier governments of europe when this actually happens so i mean the problem i could see with the bailout solution is a single interest rate over the past year or two they all seem to believe that after the bailout there would be a default anyway so i mean that's just throwing your money down a black hole but i'm not through that and start dealing with reality instead. russia and china have vetoed a u.n. security council resolution on a syria the european backdraft called in damascus to end its crackdown on protesters or face targeted mushers but moscow and beijing said they're concerned it could pave the way to me military intervention. reports now from new york russian ambassador to the united nations batali churkin said the draft was too one sided he described the resolution as a confrontational approach taken by the european delegation and against that
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peaceful settlement to the crisis now this draft resolution was proposed by france with the support of portugal the u.k. and germany but the. one part of the text that many countries seem to disagree with was that they called for syria to comply with the resolution within thirty days and it if it had not complied then the council would quote consider its options including unspecified quote measures many council members including china russia brazil south africa interpreted these vague terms as leaving the door open to saying sions now of course russia's one is one of many countries that has been opposed to international sanctions against syria ambassador churkin says moscow believes the violence should be stopped through internal reforms and political dialogue not external sanctions or military intervention such as the
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case of libya you put in you see what you broke with the draft resolution which was not to do was based on an entirely different philosophy the philosophy of confrontation we cannot agree with its one sided accusations against damascus we believe the threat of implementing sanctions against the syrian government is unstoppable this approach contradicts the principle of peaceful settlement of the crisis based on a common series of national dialogue. brazil india south africa and lebannon abstained from voting on the resolution but it was the united states that voiced extreme disappointment that the security council did not alter mentally adopt the resolution moving forward russia and china said that they will be working on a resolution to gather that they say will be more balanced in the case of syria now
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we do know that some council members wanted not only the syrian government condemned for the violence but also condemnation against all the government protesters. as they may have been inflaming the violence that has been breaking out over the course of six months but that is a measure that the europeans did not want included in this resolution. let's get more on the situation around syria from jacob weisberg are founder and president of the future freedom foundation joining us live from the u.s. mr hard worker nato has been repeatedly saying that the alliance has no plans to intervene in syria and in fact the a draft resolution it was presented was already a watered down version of the ride did russia and china though appear not to trust that i resorted to a veto. possibly because of the history that we have with these kind of things it may get a resolution appears to be limited in scope and in the next oh you know you got
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invasions and occupations and all sorts of things we we've gone down this road here in the united states with sanctions we've had a grueling war go against the people of cuba i don't know sixty seventy years with the purpose of affecting regime change all that is done is brought misery to the cuban people is rules of declaration of rights of the american people traveling there we had sanctions against iraq that contributed to the deaths of hundreds of thousands of iraqi children which of these things don't work they so little five dictatorships and it's time for the american people to start recognizing that all right and also looking at the conflict on the ground in syria we have seen that both sides of the conflict they have both been accused of violence and in doing so in presenting a resolution like this it is putting sanctions on one side of the conflict why the western powers so eager to take such side. well because it's part of this
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old imperial mindset that if they can effect regime change and install one of their puppets and they believe that it's all worth it it doesn't matter how many people they kill and we look at libya you know they go in there the old colonial powers you know harkening back to the house beyond days of the m r france great britain and now the united states affecting a regime change and there is no price there's no upper limit on the number of people they're willing to kill to affect their regime change there's another important factor to consider if you were to announce the hypocrisy that the us government aligned itself in partnered itself with the assad dictatorship you'll recall that's where the cia rendition to make. the canadian citizen a rendition to syria for purposes of torture where was the u.s. government and trying to help the syrian people suffering tyranny when they were
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partnering with a dictator that tortured this guy and we've seen this time and time again they used egypt the dictatorship there to torture people so there's a lot of hypocrisy here they're classed as the people in charge in these in these regimes in order to expand their did make and in control well on its own the usa there have been supporting revolutions in the arab world and we see that ongoing do you think this support is nurturing democracy if not now in the long run. it's hypocritical support they see the trend of moving and in a certain direction and they they try to jump on that trend to make it look like oh we were spreading freedom and democracy don't forget that in egypt the us government has been one of the principal supporters of that it caters for there was a partnership with the very. regime the two militaries are ready with each other for decades they used to take your ship to torture people who are there when it's
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and program they support the dictatorships in saudi arabia jordan bahrain yemen this this notion that the un has is now part of this pro-democracy regime is ridiculous they're jumping on that bandwagon is an opportunity to get in front of it and create this deceptive appearance while at the same time there's importing the dictatorships that are aligned with them and the united nations and it's part of their empire all right mr emberg just a quick comment on a russian's position has been from the very start russia has repeatedly pushed for dialogue do you think that both sides are ready for that and is that realistic. i think this is really a matter for the syrian people to resolve you know the u.s. ships should butt out the russian government should butt out of the brits you know this these are difficult times and revolutions are very dangerous they're very costly in terms of time in life and destruction and it's a decision that the people of a country have to decide clearly there is
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a large segment that can target this dictatorship in syria and that's something that they should be left to resolve give them the dignity of achieving their own revolution their own changes without outside imperialist dominating influence thanks very much for your thoughts their take of one burger founder and president of the future of freedom foundation thanks again. all right well you can find out more on all our stories on our web site that's our t.v. dot com and here are some of the other stories online for you right now for introduces chemical castration for to counter the increasing number of sex crimes against underage victims read about the whole story on our t.v. dot com. and just plain a silly one lucky pilot provides a spectacular show what a festival in australia well for extruded to a very sweet find the full story online and for more videos you can visit our you tube channel. in the u.s.
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the occupy wall street movement is gaining support on a daily basis raver unions are joining a chorus of disapproval from l.a. to d.c. thousands of the state of the economy and the government's inability to turn things around are protesting for a third week and does not want to leave the reports they're determined to be heard . we don't want that not just creating more pain we're not bringing more corruption and i think people are taking it. more than a thousand people in los angeles. chose to stand in solidarity with the occupy wall street movement. at city hall the very visible center of government in power and. demonstrators worry that the one percent who controlled most of the nation's wealth have gained a stranglehold over the u.s. government alexander hamilton we need to refer to the people he was so afraid of as the great peace in the great peace as a way people of all walks of life have turned out for this mass ministration here
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in los angeles now a lot of the protesters here say they've gotten their inspiration from the demonstrators in new york and in athens and others are inspired by the revolution of egypt now there's still much debate about whether this is part of that revenue scenario movement here in america but one thing that people can agree on is that some drastic changes need to be made as to how this country runs from the east coast to the west coast and a growing number of places in between a collective anger is unifying people. in the windy city a group has been demonstrating outside the federal reserve bank in chicago for more than a week in boston a tent city in the heart of the financial district means occupiers can voice their discontent with corporate greed twenty four seven. despite dozens of arrests demonstrators intent to show that democracy does not end
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at the ballot box families have also been marching in denver and san francisco demanding radical change from wahoo to olympia to almost to orlando according to the occupy together web site protests are being organize. in more than one hundred cities points that you by standing behind are worth a revelation i plead their time and i think i did them girl it is recognizing that it doesn't work despite mainstream media down plain and even really killing the movement supporters at base the message will be understood and you saw what happened in london they tried to make that out about a bunch of people that were just you know you know the bad apples that's humanity. something is wrong already bruised by soaring unemployment poverty and foreclosures the middle class are now being told to tighten their belts leading many americans
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to finally buy their voices because of the beginning bigger it looks like it is spreading throughout the country and you know they had a arab spring and you know hopefully we have a u.s. in los angeles. archie. a wall street may be bogged down by economic and political issues but it's old school espionage causing concern elsewhere in the world still have for you this hour cross border spy games russia's air defense secrets are safe for another day after special forces capture an alleged chinese spy digging up details of anti air weapon systems. let's look at some other news in brief this hour afghan intelligence officials have arrested six individuals charged with conspiring to assassinate president hamid karzai the group which has reportedly affiliated with al qaida managed to recoup out of car sized personal bodyguards for their operation extremists killed several high profile figures in afghanistan in recent months the last of which being be
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a supplier of twentieth assassination of former afghan president were who did not have money. yemeni activists say at least eight people have been killed and over one hundred fifty injured in the past twenty four hours in the southern city of taiz government forces shelled residential areas while opposition red armed fives mins porting the demand for president saleh to go join in the fire fight thousands continue to take to the streets across the country protesting his decades long regime of the uprising yellow started in february and has reportedly claimed the lives of over fifteen hundred people. the nobel prize in chemistry has gone to an israeli researcher for his discovery of karzai crystals a complex structural form was previously thought to be impossible because the atoms were arranged in a manner contrary to the laws of nature seventy seventy year old daniel shechtman will receive around one and a half million dollar award ceremony and deceptively. stop. now
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russia's federal security service has revealed it has been holding a suspected chinese spy the man identified as to show the un the faces charges of attempted asking are sham trying to obtain information on russia's weapons. passage he tells authorities say that this is a chinese man who worked here in russia as a translator for official chinese delegations and now he's accused of trying to bribe his way into getting access to secret technical documentation all of the three hundred air defense systems these are all security services no past is a case over to almost good lord actually it's reported that he was arrested just around a year ago but it's not only know that the case has been passed over to the work that the story got into the media at the moment there's been no official reaction either from the chinese authorities or from the foreign ministry here in moscow but
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it's interesting that russia used to its work to be there's three hundred air. systems to china because she's actually sort of to produce them all and so on. their production here in russia has been recently only suspended with the more modern. four hundred and five hundred very different systems to replace. the skin of their reporting on the arrest of a suspected chinese spy russian. the british prime minister has called for a can do optimism during an actual time for the country's economy well speaking to conservative party david cameron said the threat of the world economy is a serious today as it was in two thousand and eight when global recession. dresner who's a political spin trying things the prime minister was trying to divert public attention from the real issues this morning he got himself into hot water by releasing an earlier draft of the speech which actually asked people to spend as opposed to the
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draft he gave in which he said that people were already reducing credit card bills and that early draft didn't go down well firstly people don't like the idea of a rich prime minister telling them to tighten their belts secondly economists have pointed out that if people save money that's not going to help the economy going and all in all it's not clear that tactic is going to win him any friends with the public one tactic that i saw running through the speech was an attempt to draw attention towards peripheral things that his government is doing he can't talk about the n.h.s. because his plans are in disarray you can't talk about the economy it's tanking we've just had bad figures out today instead he talked about gay marriage building homes adoption things which are important to some people which most people don't think are central to the political debate. the news this hour it's now time for
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a look at the latest entry. thanks to the russian markets closed in the red adding to three sessions of heavy losses that's despite stronger crude prices that are significant bounce back in europe russia has taken a big hit during the latest market turmoil as investors pull their cash out of riskier occasions but analysts say if the double dip recession is avoided emerging markets will outperform the global in the states and merging markets in general are much stronger fiscally they have much stronger growth that is expected in europe in the u.s. and corporations in emerging markets such as russia and elsewhere are also a much stronger so you know i think that's one thing for now investors are simply wrapped up and concerned that we could get a catastrophe if we can avoid the catastrophe which now looks more likely than i think once we settle down we will see more money coming back to emerging markets
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faster than developed markets. chris we thought that the latest markets wists have many investors scratching their heads over with support then money just announced in from merrill lynch that just infrastructure projects still offer the prospect of some stability and when you look at live infrastructure projects the traditional theme is they may be emerging markets but ultimately they are the gateway to global trade whether it's passenger traffic or freight traffic around i think a lot of investors see that as a little chilly i'm involved use of these projects so when we've probably transport companies they tend to be great ways to global trade and therefore best to say i would invest in the rest of infrastructure but i'm also investing in the globalization and the opening of that market to new investors new companies overseas so it's an interesting way to play an emerging market but also to the risk by investing in a company that providing infrastructure to support both in force and actual trade. as moved to the markets now and while is a trading this hour in the black the first day and for after of course that u.s.
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gasoline stuff while stopped five million barrels a last week bad on a positive macroeconomic days we'll talk about that in just a second so the futures for light sweet crude are almost four dollars this hour brant is that one hundred two dollars thirteen cents per barrel. move to stock markets u.s. stocks are up after an index on non-manufacturing typically in september came in better than predicted also automatic days of processing reported u.s. companies added ninety one thousand jobs in september that was better than expected and that's ahead of a crucial jobless report due out this friday in europe markets balanced way up as investors a way that the data on the labor market and services sector bank stocks some of the biggest again is among them the major movers deutsche bank seven point four percent of frank first b.m.p. parivar climbed eight and a half percent in paris in just one session. but it's
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a different picture here in moscow a pretty gloomy end of the. they session are two years down point six percent my six point two percent despite all these positive factors such as growing more of the european markets if you look at some of the main movers on the russian markets energy shares a mixed gazprom down one percent growth up one point two percent banks also not really catching that bandwagon of growth of the financial shares across the globe it was go bankrupt just point four percent is underground from gas from. the russian market with not as good as the european markets although without any particular reason for this fundamentally obviously very very cheap tickets only greece and a few other countries are actually more cheap than russia and russia is the real deal liquid market with russian markets but it's still all the way to bring the neuer and everything but you know anyway in many ways it's award it's a risky emerging market that certain people just sort of play we even have the asset is really attractive and cheap. right time back in around fifty five
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