marina joshie welcome to the program as a gathering of the pacific rim split coal and economic how you weights winds down and why it's the latest rift between the globe's to center itself financial influence which is dominating the u.s. has been criticizing china for its trade and currency practices and as artie's and associates were going to reports the fact that next year a summit is taking place in russia could help solve some of the biggest sticking points. it looks like a new cloudy chapter in the book of currency wars between the united states and china has certainly been opened here at the apec summit in honolulu as barack obama is seen really mounting pressure at home to create more jobs and take a stop a tougher stance on china he has been saying here in honolulu that it's time for china to start playing by the rules that there is a tradition at apec summit where leaders get together and where national costume for a photo opportunity it's really a fun time for leaders to pot each other in the back and joke around but this year journalists were surprised to see that this older photo offered hawaiian shirts

never copied and we were hearing that this was because china was refusing to put the whole one shirt so it really looks like the united states had a hard time during these last two days at apac in honolulu convincing china not only when it comes to economic issues but really issues of the wardrobe as well and this is something that many analysts are not surprised to see because the u.s. currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt russia is pretty excited to host the apec summit next year in the far eastern city of lot of us basically russia is not only just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of trade investment so on and so forth but it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so

this is certainly a good role that russia can play when it comes to continuing to develop the goals of the gathering and of course last but not least you know russia's accession to the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better time than now to really spare. at this gathering next year as a full fledged member of the w t o m a sitter going to reporting there from honolulu this year for u.s. and china continue to outline competing economic programs hu jintao insisted on more influence for beijing as a growing power followed bamma zeroed in on china's trading decisions argue the town avoid the explains the differences that have piled up between the two. there is any view a state where the movement has little chance it's probably why despite the high concentration of politicians in wall street be quick socializing at the apec summit

the only place people are willing to occupy here on the ass of the beach is with one exception these protesters are against greed and social injustice they're against economic inequality and they are against china. that. the mood at the podium was similar to look. i think we can benefit from trade with china and i want certainly to continue cultivating a. a constructive relationship with the chinese government but we're going to continue to be firm in insisting that they operate by the same rules that. everybody else operates on his political opponents were even in the later and that i happen to think that the. communist chinese government will end up on the ash heap of history if they do not change their version we have to have

china understand that like everybody else in the world stage there to play by the rules rules rules and again rules as a country that's been ruling the roost for decades the united states has never been shy of policing others but as china's g.d.p. continues adding nine percent a year if against it and a half percent growth in the u.s. the reprimand seems to be internally driven conformant he's one of the top values in the chinese meal devolved also reflected in the country's political and economic policy if it's not that china doesn't play by their rules the factually quite the opposite what the united states seems to have an issue rip is that increasingly china rules and that they pretty much washington would prefer to keep it. as the us president hailed his new free trade asia pacific pact as a win win to boost trade in the region some in china took it as a predator effort one of the change rules made game free trade tend to be. in the eyes of the beholder. treat for you the protection provided that i get to protect

my precious. industries that well will of our own personal national interests so it's always a dilemma as to how free it is as the europe crisis continues metastasizing for our devolved and china is asked to shoulder the load many analysts say the west should keep in mind its old adage about he who pays the piper china is really in the driver's seat in. many respects and this is coming at an awkward time for the united states because the united states is clearly a declining power at the same time and is having trouble adjusting to what that means many chinese proverbs are difficult to translate into english hear those about money usually have exact equivalents one of them is money makes the world go round the concept experientially familiar to washington and progressively so to beijing it's not like the arts at the apec summit in holland

a little. while earlier i spoke to professor from the chinese university of hong kong and he told me political reasons in the us are driving washington's criticism on. it created the difficult days before the us had to raise employment rates. the current the difficulties of the us government creating jobs the fact that the us has lost the compared to its competitive advantage in most of the traditional manufacturing industry so you hear china reduce their its exports to the us by increasing its. other low wage emerging market to countries to quit the stampede to repress china so these kind of debate i think the chinese leaders are quite clear minded upholding that can you think first the national interest of the u.s. presidential election is approaching and. that case the chinese economy and they

can use the currency you are used to ask a. scapegoat for you as a difficult economic difficulties again so recent thread that's why i mean the. theory i cannot gain. asia pacific leaders in hawaii were also keen to shield themselves from the fallout in the euro zone in europe itself it's all change as technocrat governments take over greece and italy in rome x.e.n.u. commissioner maya monti is starting talks to form a new cabinet to tackle debt argy sara further explore is whether leaders that no one voted for will do a better job than the old crew. it was never going to be easy to put a suit unite you're at seventeen countries of which you know on the one currency from the very beginning attracted fierce criticism we missed the beginning of a dishonest and downright dangerous german president. to revive the constitution but to do it in such

a way that you want to avoid referendums in the key member states some might now be wishing they'd heeded the warnings to one after another the member states began to wobble at least being the latest country to come under scrutiny we have been witnessing in the last long. growing pressure from europe and i'm talking in particular from france and germany hardly the u.k. certainly the european parliament and the commission going to start but the crisis is safe in the leaders of greece and italy replaced by people who were never elected to office he made their way around brussels and here it is really with berlusconi now gone he doesn't and paying for reforms now need to be implemented to meet tough. for the first time since the crisis began talks have now begun to turn to the possibility of exits from the year or the creation of the cool year at countries like germany seem to be leading the way but i think it's not in the best

interest of the germans to keep on going with this attitude over here where you have behaved badly we're going to punish that's not a union in united states of america if a state behaves badly imagine taxes behaving badly when you think obama's going to we're going to kick you out of united states of america no they're not going to do that because stands in a bad year agreed to make good you are great has not gone on missed by struggling countries was this clear that those who have a spend less now face up to painful stories he measures the sense of being treated like a naughty school child. then he added to the growing strain in the euro community if it's only now to be paid well so the say it will expose much more france and especially germany to the times there are a big must be up to us to say to to express a politically defeat not just for their own countries but for europe as a whole your attentions have no gold on this by the financial markets punish

political leaders situating the feet in dealing with the crisis in struggling economies like italy and now cools off leaving the to the stakes its least being considered by many the test case for the entire a year you say it fails and it could take down the entire fifth the question now is whether or not those measures can fix whether we'll see them going the same way as previous measures put forward by european leaders who say fails to come up with a convincing your rescue search. for many more stories still to come this hour including you're in the army now well almost top military like discipline looks set to be introduced in some u.k. schools but while it makes an unruly use perfectly behaved we investigate also. planned budget cuts in the u.s. threaten to beat those who guarantee america's security the hardest more in just

a few minutes. syria has called an emergency meeting of the arab league in an attempt to reverse the decision which saw it suspended from the organization the freeze on the country's membership and accompanying sanctions received wide support from the e.u. and the u.s. and overwhelming majority of member states voted for the measure to urge president bashar al assad to stop eight months of violence but it also triggered new protests and attacks on the turkish french and saudi arabian amnesties in damascus dozens more people were reportedly killed across the country on sunday in the latest wave of crackdowns on anti-government protests author and. early stuff she returns 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's civilians where are they getting the weapons from. exhibiting in the dubai said profits are up they said profits a 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 or mustn't forget that turkey has been actively involved in the even told us diplomatic softened as i understand it is advising its citizens to leave syria to turkey is playing a game here and the media is playing a massive game qatar's television station al-jazeera very obviously wanting the four of us out of the moment and the western media to a three man crew bound for the international space station has successfully lifted off from the baikonur cosmodrome in cattle stand it's the first manned flight after a similar so use rocket carrying an unmanned supply vessel crashed back to earth shortly after take off three months ago tom martin was on the launch pad for us.

launch time with the baikonur cosmodrome these three men have gone up to join their colleagues on the international space station but then late and unhappy about why it is a risky business you can never eliminate risk altogether that's that's the bargain that you make for the privilege of flying humans in space on accomplishing what they do up there on the twenty fourth of august a supply rockets engines failed on its way up to the i.s.a.'s and it plummeted back to worth with a bang it was a moment but all launches were put on hold and the worries about the safety of soyuz rockets now the only link to the space station crew since the last u.s. shuttle flight in july. this crew of their launch date sent back to us their relatives were especially nervous to talk to the progress crush what do you think about your husband's launch coming up so soon until you. do this because of.

the crew themselves though accept the dangers as part of the job is to go through to the right on the bridge or warm. formers. or. is there. a list of the books and so it was that the rocket was lifted into place on its launch pad we could see the rocket taking off with what's appropriate. but. with deep sighs of relief all watched as the rocket blasted successfully into orbit leaving the crew to experience what are all the rest of us a retreat without. the ability to do the same or fortunate for the boards are probably the most firms in the. original. for that view and for man's future in space they say the risk is worth it. tom barton artie.

fall u.k. plans to get tough on gang culture by opening schools with strange an army like discipline the measure was proposed in response to the riots that shook the u.k. in the summer and while the plans are others believe discipline is key critics fear it could actually arion a problem use further ira bennett explains. as the going gets tough the tough get going army boot camps are the places set out of line it's this culture of self control the government now wants to bring in to schools so it's calling on the cavalry will former soldiers to sort the front line to the front of a classroom following the riots across the u.k. the government far striking troops into teaching as a way it says to restore adults or thirty wants to provide more male role models even giving teachers new powers to use physical force as

a way to control disruptive pupils it's not a bad thing for children to know where they stand. if they step this side of the lie they will be punished accordingly if they stay on the right side of a lie. in the confines of the law and they will not be punished it's a line few would dare cross with a teacher like this afghans going to be headmaster at the new school where every teacher will be a former soldier uniform inspections and military style roll calls will be the polish of a strict routine when you can maintain discipline or war which is the most high pressured situation you can maintain discipline in a classroom in oldham but with corporal punishment now a step closer many fear it will push an already alienated youth further away i think they would start building their own gang as they've done towards the police now i've seen the police behave towards our kids is to gangs isn't it if you could say the police are a gang it would be the army case the kids i think they would become more unruly

this charity takes in problem people's the state system chucks out and turns their lives around according to teachers here it's about finding the right kind of stimulation rather than just cracking the whip they become a rule because they're bored putting discipline in isn't the answer just on the tone this is yes but actually making sure they got something at their own level for this sixteen year old that happened to be art he was expelled from school after what he'll only refer to as an incident and is still too afraid to be identified back then he was on course to fail all his exams but after just a year he passed fourteen a far cry from someone supposedly too disruptive to teach. more discipline for children in schools do you think that would have worked for. me one. class of boring cause there's no talking it's just strict works so beautifully

focused and bored don't really want to. today listening to individual attention was the only thing that turned this boy's education around but with a system that prides itself on conformant see the battle could be only just beginning august in its own. well you know always find more stories on our website r.t. dot com here's a quick look at what else is waiting for you there today if even a threat or colonel gadhafi had lived another one hundred years could not have killed more people and nato did during its bombing of libya that's what one syrian diplomat believes and watch his interview in full at r.t. dot com. in the caucuses there is no winner in the republican salvo city its first round of voting was that none of the presidential candidates gaining the required number of votes find out who's left to fight it out in the second round dot com. one person is not accounted for and another is in a critical condition after

a fire on a cruise ship in moscow thirty one people were on board when the fire broke out in the early hours of monday morning most escaped unharmed with four reporting injuries the missing person is reportedly a crew member faulty wiring or a careless handling of fire is thought to have caused the blaze on the ship which was renovated in two thousand and three this is not the first incident on the water in russia this year in july nine people died one of both collided with a barge and sank in moscow also in july the pleasure cruiser bulgaria sank on the volga river in central russia leaning over one hundred twenty dead. in an attempt to slash its huge national debt the u.s. is looking to cut wherever it can even the mighty the fans' budget won't escape as the pentagon looks for four hundred fifty billion u.s. dollars in savings over the next ten years our military contributor believes the pentagon chief should stand up for those who america's security depends on. today

when the debate about the pentagon cuts in the full rage and especially when america and its allies celebrate the veterans day and the enter verse of the u.s. marine corps this provides a unique opportunity for the u.s. secretary of defense to tackle the question not what the u.s. marine corps can do for the pentagon but what he can do for the u.s. marines and here are a couple of suggestions first to exempt of the marines from the sequestration and that personnel cuts all across the military services and the reason apart from the marine corps anniversary and the vets day is u.s. marines can do anything and everything the u.s. army does but they do it much more effectively and efficiently.

now let's take a look at some of the stories from around the world an explosion has killed seven people and injured over a dozen in the northwest of china a blast ripped through a commercial building in a suburb city and shattered windows far away from the scene witnesses believe the explosion may have been caused by a gas leak in a restaurant. three french aid workers held hostage in yemen for almost half a year or have been free they were kidnapped by suspected al qaeda militants at a restaurant east of the capital in may no details have been given about the terms of the release kidnappings of foreigners are frequent and yemen but most of the hostages have been freed on harmed. or in portland police in riot gear and have surrounded hundreds of occupy protesters in central park after they ignored eviction orders officers used the tongs and threatened arrests if the demonstrators failed to comply the protagonists are a part of the larger movement against social and economic inequality and corporate

greed in america and around the world. one palestinian has been killed and several others wounded by an israeli air strike on a compound in northern gaza a strike targeted a naval base used by hamas israeli military said the attack came after a rocket was fired into southern israel hours earlier and israeli commanders said the military is preparing to topple the hamas government. and in just a few minutes we discussed iran's nuclear plans and why the west feels threatened for that we'll take a look what's happening in the world of business with dmitri. thanks marina good morning and welcome to business it is he has no other choice but to exit the euro zone and bring back its national currency even if it means the collapse of the your services u.s. president sure. to do. six countries.

challenge italy spain in cyprus that have different degrees of the going all the fiscal and financial difficulties. one or more of them a major tourist route to your service five of them probably that's one or more of them they have to take to the euro zone different off of them like they was on that that's a likely implies a breakup of the eurozone well that may be strangling europe but here in russia the budget position is reassuringly strong however as burbank senior vice president believes there is no room for complacency in the books maybe balance is balanced but the russian economy still has a number of problems that needed rest. in russia is obviously in a very different situation we as as a whole countries russia faces challenges but they those challenges are different. and they're fairly good short term position from the fiscal standpoint there are

plentiful reserves that being said pressure remains critically dependent on commodity prices and. there is some concern over the medium term fiscal. look at the markets now where it was trading near the highest level in more than three months that's on news italy has started building a new government and passes on minister to budget easing fears over europe's debt crisis and light sweet is trading at still over ninety nine dollars per barrel brant is up half of those. in asia stocks picking up from the positive news in europe of financials and real estate firms are gaining in hong kong sino land and bank of communications are some of the biggest again is that you listed stocks are getting into stride news that japan's economy has grown in the first quarter after several quarters of contraction. russia has indeed stars of the week on a positive note of the r.t.s.

and m i six they're up more than one percent financials are in the lead with the burbank and the t.v. up one point eight percent. the international energy agency expects natural gas consumption to grow by fifty percent by twenty five however russia is not likely to have the biggest part of this pie as china is expected to outperform it as the world's top producer the chief of the i heard of you on what should be russia's response to the global energy challenge. if you really want to turn the gas into the gas the lucky fuel for the future and that's what you call the game you call the age of the gas looks like then you have to do a couple of things you have to see to it that you have golden rules of experts ation of the gas there are some questions about the environment for instance you have to see to it that you use your gas efficiency russia has a lot of gas but did lose

a lot of gas because of in the end efficiency if you could see to it that this gas isn't last you've got quite a lot of gas extra to put on to the market qatar's them talks to acquire a stake in the arctic nickel fire that your gas project led by russia's gas producing architect the amal project is expected to produce five million tonnes of l.n.g. or year one production starts in twenty sixteen and to reach fifteen million tonnes per year two years later cut as energy minister mohammed al assad says the country is keen to take. up on this very much interest in me investment. generally and we can you can see your money is. an important context and we are really interested in. being. active. participant in the. project and we are.

active in. discussions and negotiations on our part. marina's next with headlines do stay with us.

move. move. welcome back your weather it's a reminder of the top story slate a summit of the civic powers in hawaii opens a financial can of worms between the world's two biggest economies the u.s.

has criticized china for its trade and currency practices called on it to play by the rules. syria seeks to reverse the arab league's decision to put it out of the organization amid growing anti. regime protests which critics claim are sponsored from abroad the freeze on the country's membership received wide support from the e.u. and the u.s. . are blasting off or a bit of a crew of three had to the international space station in russia so use rocket it's the first launch since a similar rocket carrying an up man supply craft rushed back to earth three months ago. after a u.n. report claiming iran might be seeking to obtain a bomb peter lavelle asks his guests about the reasons behind the world's interest in the country's atomic industry cross-talk is next.