gathering here in honolulu and this day's really bringing the most important to meeting of the whole affair is when the twenty one economies get together to sit down around a big table around table for discussion on the topics that they're hearing that they're really here for is the trade relationships between the twenty one economies the issues of lifting custom barriers creating a healthier investment climate and really trying to reach an open and free trade zone by the year twenty twenty and this is also a day when they get to mix work with some fun this is when the leaders will be gathering for a photo op when the where the national costume so we're expecting the twenty one leaders to wear some hawaiian shirts so this is really a fun occasion when they get to have a chat have a laugh other in the back and really give journalists an opportunity to decipher what all of their body language means and in other events today we're expecting a press conference from the russian president dmitry medvedev who will be summing up the events of the two days and of course next year it will be russia hosting the

apec summit so this is certainly something that he is likely to address one of the key meetings of course was the bilateral talks between the russian and american presidents where they discussed a whole wide range of different issues but importantly one of them was russia's accession to the world trade organization of course russia has been having a desire to join to join the w t o since one thousand nine hundred three and it should this is something that should be finalized and russia should become a full fledged member by the summer of two thousand and twelve and the russian president really thinks the u.s. president for helping out in this whole process he did say that this is the first u.s. administration that has actually been positive when it comes to russia's accession to the world trade organization among other issues was of course of course the issue of missile defense where there are still some disagreements between russia and the united states because russia wants the u.s. to provide some legal guarantees that the missile defense plans in europe will not be a threat to russia's security among other issues of course iran the two. leaders said

that they want to have a joint plan to make sure that tehran follows its international obligations so that's just a few of the very many topics being discussed here on the ground so far we have nine countries including the u.s. who have signed up to really start working on this pact a transpacific plan it's interesting that the united states has been trying to get more countries to join like you mention among them is of course china a major economy that's really making some here over in the united states paranoid that they might lose their sort of main spot is the number one world economy and it's interesting that china so far has been seeing that these those u.s. plans are a little too a vicious because one of the main clause of that pact in question would include basically need for state owned companies who are get subsidies from the government to be on the same level really as private companies and since so many industries in china are run by sort of state and equities it's really

a complicated matter for china and would really require a lot of restructuring so this is something that's really for now in the first stages and just includes nine countries for now. let's just check into well with the world economy seemingly on the verge of another recession we cross live to george he's the founder of international strategic alliances to find out what a pick countries as disparate as australia japan the u.s. china and russia are going to do to stop the rot george could see here and now with this proposed free trade agreement which could they say revolutionized the relations between the member countries will it have any positive impact on the woes of the west and of course the world economy in general. why i think in basic principles free trade is good for all parties concerned participates in three trade unfortunately free trade tend to be. in the eyes of the beholder it's true for you but protectionist for me provided that i get to protect

my my my precious certain industries that well. personal national interests so it's always a dilemma as to how free it is historically u.s.'s always been the leading promoter on free trade until very recently in the recent i think the recent years maybe four or five all of a sudden. the american politician seems to feel maybe three traits not such a good idea after all why. it seems that. we are losing our competitive edge and in certain situations of free trade we are actually not being as competitive as we used to be so always saying actually the competition is getting stronger and stronger from those emerging countries countries yes that is the danger is that the u.s.

is losing its position as the dominant financial player in the world and what effect does that have only on the dollar as well well. the dollar is been on a steadily weakening trend for quite a few years i would say since the end of the bush administration beginning in obama's administration why because we're printing more and more dollar bills and we're really only country that has that ability and privilege to print more money when we need to and the natural consequence of course is that we can in the dollar as far as being competitive or not being competitive i think. a lot of that is a structural problem in the u.s. you have high wage. protectionist sentiment from different sectors of the economy and and it makes it hard to compete on

a worldwide market you know in the past we were able to compete when we will be compensated with increased productivity when the productivity is not increased by the wages continue to increase and it's very hard. to be competitive george we talk about that competition from the brics nations but it really china actually the main player at the moment it's one of the most stable and prosperous economies and i mean all we really seeing china is now the major player in the global economic. well you know i think that made me a little exaggerated because if you compare the size of the economy between the u.s. and china and china it's still a mirror i think one quarter of the size and so to say to china. can swing the world economy around by itself. it's going to take me hoping it could do you didn't i mean you were just being recently saying to china give us a hopeless bail us out of this problem yet china seems to be very reluctant to help

europe at the moment. well i think china is naturally very conservative in their international investments and when they make a bet whether it's euro bonds or anything else they want to make sure it's. going money hole and so whenever a name make investment they do want to make sure it's a sound investment and it will get a reasonable return. they certainly learned a lesson from some of the fannie and freddie. was quite a worrisome to them until until the situation sure the bill made good on those shorts just just finally i want to ask you your an expert in international strategic a nonces do you think you know what could possibly be undermined by what's happening in domestic politics in washington we need has been some tension between washington beijing at this summit and we had reports yesterday of various politicians being

very negative about china beijing is this all to do to do with the run up to the two thousand and twelve presidential elections or is there something more sinister going on that could undermine your sort of work and what's going on with us domestic policy in terms of its foreign policy in its trading. well in the first place the native. high i attribute a lot of the native to mystic politics the run up to two thousand and twelve presidential election which is actually very disappointing because if you're you know and certainly members of congress has enjoyed the lowest esteem right now in the in the american population i think nine out of ten don't think much of them and their lack of leadership and statesmanship but. it's really unfortunate because if they see it differently they could they would recognize that in my chinese

investments into the u.s. would be good for the u.s. would be it would be helpful to the u.s. local economy to be soul and welcoming and so hostile to chinese investment is actually against our own interests and i seems to be. the easy path to take including president obama unfortunately they're all trying to outdo each other in being anti china this morning. the way i see it though i think this is a the usual cyclical run up until we have a presidential election and everything will be back to reality after that and things are. ok i mean on an optimistic note that george thanks so much for your time for the. vents on his i thank you ok you're welcome george to that side talks at the apec summit which i mentioned earlier put the finishing touches on russia's accession to the world trade organization expected

next year experts of long debate of whether membership will help the vosa find strength from the russian economy or not. breaks down the arguments. for the person on the street w t o membership will not be just something they'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of unfortunate goods drop and domestic companies also grow quicker with foreign markets opening up. for workers of these much allure company it all looks like a win win situation their most recent project is the north stream pipeline should they enter international markets they'll face very little competition. and this is raw so much the largest plant in russia south producing harvested rushers. is food for months ahead and workers who conspired. but the head of the company

has a rather different outlook to that of the w t o cheerleader's. our oil and gas will be in demand even without entering the well agriculture will tumble. agriculture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant the virus was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than one billion dollars in loans cash and guarantees. that is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving. open the 1930's most successful years what the fifty's and sixty's when hundreds of thousands of my screech chorus flooded the soviet and

foreign markets after the collapse of the soviet union most creature was in desperate need of money but the government could not afford to loss making copper juices and must creature. cast out. the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period after joining the w t a wisely firstly entry to the w t o doesn't mean you instantly have to drop all customs tires and comply straight away there's a transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as agriculture timber and car making but at a certain point the state's industrial dependence will have to let go of its hand and walk on their own two feet in the world outside it but that should also be a somewhat easier place to do business in the reduction of customs tariffs and

trade barriers to a more level playing field across international markets exceeding the grouch over r t. or coming up full stream ahead to join the russia opens a brand new gas pipeline direct to germany as moscow moves to cement trade ties with the west. thousands of students watch across central london furious over education cuts and a tripling of fees. at stores to recover first mario monti a former you commissioner has been appointed the head of a new caretaker government in italy to pull the country back from the financial abyss this follows the resignation of silvio berlusconi who stepped down on saturday having ruled the country's prime minister for a total of ten years in three separate terms. of further she's in rome. that there is of you feeling bad about the start of another working week on monday spare a thought for the former aig commissioner mario monti has just been appointed by

the president to form a new government and he now faces the massive task of pulling the country back from the financial abyss into which is currently staring saying no you know you should chill description certainly but everyone a very much a paying piece of tea the job and everyone's going to be watching extremely closely to see what the results of that will be now he's currently deciding on who will form that new cabinet around him an m.p. i was speaking to recently told me it was expected that it will not only be a government of many technocrats but also a rather small gathering around him as well that would be with the intention of creating a more streamlined more effective government who is able to push through these are very serious reforms and can then actually have some of these achievements that have been so long awaited for in the country because these reforms long promised and we fell to see them be delivered safer but he faces an absolutely huge

challenge ahead of him with a feeling amongst the people in italy is certainly with silvio berlusconi resigned as prime minister and with mary monti now at the helm that it's really at least dance a chance but certainly no one's assuming that this is going to be a quick fix to the very serious problems that the country still faces and of course is one thing to pass these measures and it's one thing to now see a caretaker government in the process of being formed and these decisions have happened very quickly or has to be said this weekend but of course they have absolutely desperate right now to send the message that they are able to get a grasp on the very serious situation in the country but there's still a lot to be done and these reforms actually have to be implemented and that's going to take years before you see the results of that that you're going to need. democratic legitimacy he going to need support and already there are questions about whether mario monti is going to be able to gain that support in parliament

because he's going to need that to push through these measures that's going to be very very important in the coming days and weeks also whether he's going to be able to get across that the public supporters of because they're the ones he face these very painful austerity measures the eighty hikes pension ca's job cuts all things that a lot of economists vacante said not of course conducive to goodness which is exactly what the country needs right now months he's a very well respected economist in the country he's certainly going to be watching very very closely the man that a lot of people think is the right person to guide the country through a very tough time but as he said the task ahead of him is absolutely huge is nickname here is super mario and everyone's going to be certainly hoping he's going to live up to that and he will need to deal with the challenges that lie ahead. and investment advisor patrick young's told me little earlier that he thinks that unless the eurozone take serious action no amount of power shifting will help it

solve its problems. i think the real problem here is the idea that suddenly overnight because we change the brand and the name of the man who's coming over the door of the office of prime minister we suddenly get a miraculous change in italy and the truth is italy has a huge amount of debt they need to sell that debt in the very near future in order to manage to ensure that they can pay the salaries of teachers and other members of the public service and ultimately it's going to be very difficult come what may because the markets have lost faith not just an edge but in fact in europe's so-called political leadership who are doing anything but lead and nothing is being led in europe no solutions are being made and everybody is ultimately playing politics with the livelihoods of individual workers in europe and that's a disaster for everybody the euro itself is probably going to implode by the end of the or perhaps even the end of this month on lest we see some serious action. thousands of people took over central london on wednesday to protest against

a threefold rise in university tuition fees and public spending cuts demonstrators chanted angry slogans one around four thousand police officers were deployed along the route organizers plan to link up with an existing occupy london camp outside of st paul's cathedral but were blocked by riot police a number of arrests were made but police say the march was largely peaceful and reports of officers being authorized to use rubber bullets should violence break out we should protest organizers. people have all sorts of political views and i was under the impression that that was allowed in this country. what the announcement that was my incredibly provocative announcement that was made that there's going to be rubber bullets in preparation for this demonstration is absolutely outrageous i mean if anything is likely to increase the level of tension increase that the level of distrust and the level of fear actually of the police a would have been that and they have done that and that's a terrible terrible thing no one in their right mind could possibly say that is

about trying to keep the day calm the police the only role the police should be playing is to facilitate the rights to peaceful protests to syria where the head of russia's orthodox church is calling for unity and an end to the bloodshed carol's visit is the latest effort by moscow to try and mediate a peace deal the move comes as the arab league decided to suspend syria's membership sparking public fury in damascus meanwhile dozens more people have reportedly been killed across the country on sunday in the latest wave of crackdowns on government protests author and journalist action returns he told me earlier that he thinks the conflict in syria is being fueled from abroad and could drag on for some time. many syrian soldiers have died in the conflict they don't normally report that here they just say it civilians where are they getting the weapons from lockheed martin exhibiting in the dubai. profits are up they said profits are very good in the middle east at the moment what i think i fear and what many analysts may be fearing at the moment is that a saudi backed proxy war will continue and there will be an insurgency that is

fighting in syria against the assad government and will continue to cause instability in syria and beyond and this will be a sort of slow burn phenomena with the united states and europe taking a kind of backseat we mustn't also forget that turkey has been actively involved and even told its diplomatic staff and as i understand it is advising its own citizens to leave syria so turkey is playing a game here and the media is playing a massive game television station al-jazeera very obviously wanting the four of us out of the moment and the western media to remember you can always find more stories on our website including danger from a russian interplanetary craft can tons of highly toxic fuel mobile functions during the flight take a look at our report on the consequences if it falls back to work. plus you can also find a report by close up team that traveled to russia's black sea coast to see how the

popular resort is attracting growing numbers of water sports fans a lot of web sites that are t.v. dot com. a report by the un's atomic watchdog has heightened fears this week that iran could be developing a nuclear weapon israel is now calling on the international community to act despite being an undeclared nuclear power itself but russia is stressing the need for caution over what appears to be an inconclusive report iran's brushing the allegations aside blaming the u.s. for putting pressure on the international atomic energy agency many lawmakers in are calling for a review of the country's corporation with the agency political scientists mohammad marandi says the findings are biased and deeply flawed. the whole report

itself it's based on forged documents there is absolutely nothing new in the report all the documents are from the year two thousand and four and before there was a general trend to try to put iran in a corner toward trying to corner iran if you recall just a few weeks ago the americans made outrageous accusations about some murder plot of the sodium sort of to the united states no one in the world believed that because it was so absurd this now comes right after that this report if you if you look at the western media the corporate media they're all saying that this is new information it proves that iran is trying to produce nuclear weapons when in reality of their documents go back to two thousand and four and the previous years all of been refuted in the past the united states has never provided that i with the documents this shows that this is basically an attempt to create. pressure and to to move public opinion against iran russia has ushered in

a new era of energy security for western europe with the launch of the north stream pipeline is now pumping russian gas directly to germany rooting out and the rails with transit countries which had previously left european consumers in the cold war has done a bushel watched as the receiving end of the pipeline was unveiled. the wheel of fortune turns in europe's favor a year leaders hailed russia's first ever route that skirts tricky transit nations bill routes and ukraine with the gas rich middle east also on stable energy chief say the project's a boon in several ways nothing nothing will bring additional if i think that's. a very important admission is that you we too often fall with it and it is there we travel the world. he said in a tough secure way through. very essential but this security comes with a hefty price tag the project cost some eight billion euro in fact nordstrom

operate together from was told by many top ten list that the world's longest subsea gas route was doomed to failure. this is a pipeline they said couldn't be built it's too long too expensive and take they said it was impossible that it's happened think experts is down to the russian engineering brilliance. with the technical. design of the pipeline which is i think the best pipeline we have. guessed what about nordstrom's first line has started successfully and the second goes operational in twenty twelve together they can heat twenty six million homes a year but more is needed gas use has jumped even through the current e.u. debt crisis and supply can't keep up with predicted demand gazprom given the strongest hint so far the third line could also be built mean that if i will add all the capacity of existing against your show by plenty still not enough expansion

not study what will be discussed but is so so many even call this project the first step that could take russia into the e.u. single market there are those who hold nord stream will make the two sides friendly . we are trying. to europe even integrate europe and russia into a common energy space and therefore this space. be successful then we can think about creating a common economic space free trade zone as the first gas began to flow optimistic leaders were all smiles the next few months will show if streams really the stalls for a new era between the e.u. and russia or just another point dream. in germany. but up next here on out is a recap of this week's top stories of me in today's headlines that will be after a short break stay with us here tonight in the sky.

from los angeles to chicago to birmingham twenty trauma centers have closed since two thousand severe problem is not enough in-patient beds not enough earth emergency department beds and not enough nurses commandos that to take care of all

the people who are here the only real health care system that we have in the city of los angeles is the los angeles fire department in fact when i started my venture is a firefighter i didn't want to be around so i started out going to just do fire fighting it's about eighty two percent of what we do the far the problem is medical i've got a rescue couple weeks ago waited for hours for a bit i've waited sometimes three hours but i wouldn't say it's a francis in lynnwood for four hours and fifty minutes standing against a wall with a patient and we have a federal law that mandates that you can't turn no one away who seeks care in an emergency room. we have the most expensive health care system in the world and it's probably valued the least.

in the week's top stories here. in the pacific rim agreed to start working on a free trade that could revitalize relations with russian and u.s.

presidents. using the apec summit for a meeting. to discuss missile defense and russia's membership of the world trade organization. to pull back from the financial abyss they'll have to approve new austerity measures clear of bankruptcy and avert disaster. plus a u.n. report claims of. a nuclear weapon. or u.s. backed smear campaign. reconsidering their country's corporation would be a. disappointment. well that's it for me today the news continues in less than half an hour from now with paramedics at full stretch it seems of the city's firefighters and other medical first responders our next report explains why. oh so far.