a sunny hole-y. this weekend storm clouds continue to build thousands of kilometers away over the euro zone forcing the apec leaders to find ways to protect their region from the economic trauma. takes a look at what's on the table in honolulu. basically even though the primary primary goals of the apec summit are improving the trade relationship and economic relationship all the countries that make up the asia pacific because of the extent of the european financial crisis this is certainly a headache that's looming over leaders having gathered here and many are seeing this as sort of a continuation of the g twenty summit without the participation of the european states we are expecting the leaders gathered for the apec summit to send another push to send an extra message to the european countries to try to find to step up their attempts to improve the financial situation so this is an extra message important message that we're expecting to hear a lot of about here on the ground in the next few days to come even though the top

of the topic and the substance of the effect summit is usually traditionally economic issues certainly political issues are surfacing we've been hearing because of the situation in syria where anti-government clashes have been really attracting so many headlines and we have heard from u.s. secretary of state hillary clinton saying that the united states believes that the syrian president should step down regarding syria we discuss the ongoing and escalating violence perpetrated by the assad government against its own people our position is clear we are supporting peaceful transition assad has lost his legitimacy to rule and he should step down russia on the other hand believes that it's important to take for negotiations to take place and it says that it intends to help and kick starting those talks inside syria the russian foreign minister has spoken and said that he believes that it's the only responsible thing to do so most

decisions roots particularly those ways in turkey and the u.s. . just position can be me this is just we will continue to encourage field position to constructive leads to show concern about this country and the syrian people. russia believes its import. to avoid the libyan scenario when it comes to syria but this is certainly not the only political issue that is being touched upon here on the ground we are expecting a meeting between the russian and u.s. presidents to take place where they're very likely to discuss the u.s. plans for a european missile defense shield as well as russia's accession to the world trade organization as well as really a range of other political issues so definitely a lot on the agenda here in honolulu. even.

if it's. this week. crazy with you having to worry about. the

people of the. hundreds of children. here in the black sea. with the right support could become a real. within just a few hours if lower house of parliament approves a vast new austerity package promised to see remain vacant for long with a veteran a euro crat looking to take the baton from berlusconi our correspondent is in rome for more on the build up to the vote. the m.p.'s we've been speaking to here have

said that italy is now absolutely desperate to send a very strong signal that they're able to get the situation under control now of the measures get that a preview today that would then of course pave the way for the resignation of prime minister berlusconi as he promised. the money he's being paid at the moment to take the top spot is. he now he's not only a respected economist here in the country but he's also the former e.u. commissioner and as we've seen in greece with the appointment to the top spot over for me e.c.b. official you know very montes euro neysa system inside and out that appointment would certainly please brussels but there is concern about whether that would gain public support because there is a question mark really ever whether an unelected government is going to have credibility what you're seeing now is an extension of brussels in the sense that surely that is what's happening again the m.p.'s that we're speaking to are saying that this technocratic government now is really good it is pushing through these

harsh measures just getting them off the ground because they've been long promised and have failed to materialize we've seen rioting in the past in the country over these measures now that public support as you said is absolutely vital because implementing these are starting measures having a new head coming up with a caretaker government is not going to be enough certainly if everything goes ahead this weekend without any glitches and italy will have one of battle but they still have a war on their hands and it's a war that the entire eurozone now has to face and that's just how you bring long term sustainable solutions to kick start stagnating economies like italy. reporting right now the pro equality movement is gathering quickly gathering pace in germany with fresh protests are now starting in the capital in the country's financial heartland of frankfurt thousands are set to join these demonstrations

seeking to draw attention to rampant corporate greed and the increasing poverty of the masses the german occupy movement has also made significant. support of two major political factions to discuss what the protesters hope to achieve today and their chances of doing so we're now joined live by one of the key organized. spokesperson for the. germany group mr bang thank you for coming on the program today just to start with can you just tell us what exactly are you protesting against today and do you believe that your voice will be. we have today here in frankfurt. the government and. make clear. that democratic societies can no longer tolerate. no movement though really representing the popular voice germany is one of the few

countries that's done ok for itself even through the two thousand and eight crisis and the latest euro crisis. even though the german economy is. the main problem. who can suppress our societies. that may be necessary and which increase our state. and make democratic institutions no longer. and we've certainly seen the occupy movements in wall street or in new york with many there calling for basically a structuring of wall street but is it possible though is it just possible that you could be exaggerating the corporate greed in germany just this august a german group of millionaires and billionaires of the wealthy for a capital levy group they volunteered to pay additional taxes to deal with the euro crisis i mean anywhere else that would be unheard of. the thing is i don't think

corporate greed we have a. problem in the financial sector we're just absolutely dilute deregulated. in order to make. sake. compatible. otherwise we always see such measures in larchmont. we saw a couple of weeks ago here in the german parliament pushed within days not be compatible with a democratic society which wants to think about it or you bring up the ideals of democracy here and there are certainly many people around the world that say that many governments are in bed with the big bankers and the big big industry the big corporations but if i may germany's been shouldering quite a lot of the bailouts for struggling members of the year as and what do you what do you make of. the bailout policies. well. i think.

necessary in two thousand and eight and truth. but they were without conditions and we need clear conditions for those bearings. so that hasn't happened in germany that's what we criticize basically. but now if i if i may for a moment hasn't your government though effectively kept merkel's ability to hand out cash to whoever she wants because of the bundestag must now give its approval does not mean the people now do have a say. sorry i couldn't get it i was just saying that now we're ultimately the dog must give its approval to any handle the anglo merkel wishes to deliver doesn't that mean that if the dog is involved that the people do actually have a say. sorry i we're having we're having some technical difficulties here can you

still hear me. yes now i hear you once again ok will do you really believe that the government will take up your calls and toughen banking regulations at such a sensitive time here when the fate of europe ultimately hangs on bank survival. story ok listen we're having trouble here with the connection is very very very noisy where you are a spokesperson for the pro quality germany group many thanks for coming on the program today thank you. now is the euro crisis continues to chip away at confidence in the european union's leadership. back to cast their eyes over white speculators are so eager to see the crisis rage on the cards report coming your way in an hour's time here's what you can expect. every time the euro zone creates a dollar or euro instead they create a. short sell never going to win that war but the fact is that the tail is wagging

anomic and financial dog around. the world and we're totally powerless against it and transcript ocracy with unlimited credit zero percent interest rates with the central banks at their bidding and politicians just basically lying down and doing nothing about it so this is the new world order. you're watching on t.v. now i made europe and america's financial woes investors making a shop out to the east where china keeps on rising in the ranks of the global economic stage beijing's might however is not being met with enthusiasm in the united states. assesses the out a chance. we shall not what you always were tell me a moment maybe we can be so nice but what.

she's waiting. while i succumb to the boss and. she ends up going to get warm and go. change the future you have to yikes ok let's just get right down to it shall we should we be afraid of china. well what other place in washington d.c. is chinatown to find out i don't think we have to be afraid of china but i do think that we should be concerned well concerned might be the right word for it and angelina isn't the only one a much twenty levin b.b.c. poll shows that many in the west aren't exactly thrilled about china gaining more economic steam in the span of just five years negative attitudes towards china have skyrocketed with france germany italy the u.k. and the u.s. on unhappy at the thought of china nipping at their heels and for the us nowhere is

that clear that in the race to the white house china is on almost every dimension cheating this is no longer a time for us to sit back and say we're going to let them steal our jobs what we need to do is stop enriching china with our money i want to beat china i want to go to war with china and make america the most attractive place in the world to do business woah woah whoa does it have to be us or them and is anybody buying it the world's changing you know so like the fact the fact that like china's economy is modernizing. isn't there a reason why our economy is doing poorly right now. and so it's maybe just the straw man when. presidential candidates bring that up but i think it is in a big. most countries do just as any other country so yeah i don't know where the comes from the us about china well there you have it it seems

china is the new kid on the economic block and it's up to the us and the west to see how they deal with reporting from washington i can see. and i mean time i talked to caroline helpmann from the occidental college in los angeles says the washington feels the need to paint china as a new evil empire. china becomes this very convenient target we need an enemy right the cold war is over terrorism doesn't provide a concrete enemy for the united states to confront someone we hear this republican competitors talking about china as an enemy i do think that it fills that notion of having something to oppose in order to do the resilience of nationalism and again i find i take issue with that nationalism but at the same time i think it's good for the u.s. to have competitors it's never good for a global superpower to be the only one at the top perceived because then they act with impunity and i believe at various points in u.s. history we have seen the evidence of that i think having china in the mix will be

very positive for social political relations. seventeen minutes past the hour here at moscow political correctness may have been may have many of stopping to think rather before opening their mouths these days but hasn't gone too far that's the question better known as the resident has been putting to people in new york. a recent poll indicated that people are starting to feel like political correctness is having a negative effect on society how do you feel about it this week let's talk about that it's been carried overboard. people are getting a little crazy with being having to worry about every word they say whether it's actually politically correct or not well if you live in this country you should be politically correct because this is your country what does that mean is that so you can have to censor what you say you should think about what you say you should you

should take time to use the correct words before you say something that you don't mean and i mean we've got a thing in england where comedians have been pulled off on political correctness where i think you've just got to realize specially with comedy just loosen up you know everyone is going to be offended by something and i just think there's always going to be someone who looks for something to complain about my generation we don't really we just laugh it's funny it just depends if like generations accosting if you talking to some elderly people then yeah you show some respect even if you know you don't completely think it's necessary it's different when you're young but when you start getting a bit older you realize that sometimes what comes out of your math is not a pearl. it's refreshing to see somebody like chris christie from new jersey because he speaks his mind regardless of what the consequences are versus always being worried that people are going to think what the poll numbers show so you'd rather be offended and at least have the truth yes very much so whether or not you feel like political correctness is having

a negative effect on society the bottom line is it's probably just going to keep becoming more and more prevalent. watching on t.v. it's good to have your company today some other headlines from around the world for you this hour iran has been rocked by explosion i mean nation depot about forty. kilometers outside of tehran this point unconfirmed reports of casualties two consecutive blasts reportedly ripped through the site in the capital southwest shattering windows in nearby buildings munitions facility supplies the country's a revolutionary guard the cause for now of the blast is unclear. the number of victims from this week's earthquake in eastern turkey has now reached more than thirty hopes fading for the dozens still missing who are believed to be trapped under the rubble of collapsed buildings two journalists were among those killed there working in the region reporting on the devastation of

a stronger quake that occurred last month that left six hundred. mexico's interior secretary francisco blakemore has died in a helicopter crash along with seven other passengers bad weather is being blamed over the investigation does continue. left a military base in the mexican capital will be disappearing from the radar ten minutes later. the second mexican interior minister to die in an aviation accident in just the last three years. or now it's time for a close up series here on out see as we put the spotlight on the many wonders of russia for you. this time around we're at the black sea coast in the south it's a place bustling with tourists who come here to get the dose of relaxation under the sun but now this region is also attracting hundreds of thrill seekers. and

found out. slowly the old soviet resorts on russia's black sea coast are becoming centers for very modern water sports throughout the week hundreds of children and adults have been competing here in the black sea cup windsurfing trophy and it's hoped that with the right support this region could become a real center for water sports. it's the black sea cup in southern russia the waters full of jellyfish the sea full of waves when the wind whips the air with salty spray and that's just what everyone here has come for. children and adults have traveled from all over russia to show their skills and sharing the growing water sports experience here anton is one of the best that class when you write in your board at top speed your feelings so you have control of two forces of nature in your hands when his lordship. he's currently number two in russia and has skim

the waves in european competitions because sport isn't cheap and he's short of financial backing to match that of his european american attitudes but he's hopeful for the black sea coast as a potential world class water sports center oh this is a wonderful place with a great wind the infrastructure is ok but with some investment it could be good we had a freestyle competition here not long ago and we have hopes of hosting a world championship he'll be trying to win the championship i was just getting the hang of standing up i'm surrounded by hundreds of women of all ages bathing in the black sea cup it's evidence of the growing status of water sports but i won't be joining them any time soon. and neither would i be taking part in even more tricky kitesurfing here too they have been battling it out to prove their speed and agility surrogate has been crowned number one in russia ok. a

lot of adrenalin down tricks and a lot of adrenalin now it's easier to master trick you have to fool one hundred times the black sea provides good conditions for this sport too. it's a difficult sport to master with many of these young riders taking years to reach this standard yet we have a number of good spots for arriving this wonderful day and on the other side of the black sea here in russia the season is short so we don't have much practice time on the water but the advantage of russia is we can snow kite. again it's money that's the problem for most kites are now going whether it's on the way to joining the list of the limpid sports and that raises the profile which is still a fledging seeped. through sport needs young people in ten years i want to see hundreds of kids kiting here then we'll be in good hands we'll have

a future. teacher that will be played out here in the surging blue of the black sea on bottom. of the wall the best with dimitri. and i was here and welcome to a special saturday edition of business in the heads of some of the world's largest financial institutions are letters causing the main challenges facing the global financial system the meaning is pegged to banks one hundred seventy eighth anniversary of course one of many in the customer has all the details. the ex was here today couldn't help but address the financial turmoil in europe and how it might affect russia the head all sperm banks said that he has doubts over the adequacy of the policy of the pm regulators and saying that there is seriously affect in the financial sector by making european banks the right of that swap

increasing capital requirements and that's what we've spoken to the so-called dr doom all of the global economy masoud rule roubini said that the situation the nose on could have a serious impact on russia if the situation over that we call a result of the early more euro zone countries both of them solve the faults along with government dads or even others that are sort of over the faults on the banking that end of this issue of the companies or the you are one or more members of the eurozone especially the larger ones exit the euro zone that could be much larger than the result of the flop softly brothers in the fall of the cause of the way to the mall that prices will fall sharply biggest when the russian financial system and the european financial issues those most weeks of arriving to be in the eurozone with the fact the sinner always the euro all the way to russia on a lighter note business as well here are also this cousin how to use the latest technology to manage complex processes and the large enterprises and for the first

time in russia's poor bank is using crowdsourcing to generate ideas they're looking for new and innovative ideas from web users and they're asking them questions like what will the bank and russia look like in ten years and one million dollars has already been allocated supported cell will come out of that and some of them include a social network to help older citizens with financial matters and another one is offering a secure service was storing online data out now sperm bank is now been rated the twentieth strongest bank in the world the only russian bank to make it into the rating so it's very important for the country to make sure it continues growing and developing. russia hopes to improve ties with its asian partners as it turns the nineteen daniel asian pacific economic cooperation summit to present to a time coming out of korea shell lines the key issues for russia. i would like to see the interest in our integrate integration projects in the.

air risk countries participating more active in dialogue this customs union. just consider for. a good compliment to the efforts all on the taking to preserve far global economics to beach and global economy gross also would like to put forth our accounting could send for the next year apec meeting. in with us talk. into our interests build the primary there in front of. transport and logistical system since the asian pacific region. liberalization of investments in the region food security into modernization of. technologists including issues city late contracts with property rights. up next time i'll see rory with the headlines.

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