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tv   [untitled]    December 6, 2011 4:00am-4:30am EST

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well russia's lawmakers arranged seats in the reshuffle duma an opposition march in reaction to sunday's parliamentary vote gets a police response after it left its authorized betting on paralyzed downtown moscow . to follow a leg on the road to ruin the entire euro zone's credit ratings are on the block as leaders make a beeline to brussels for a last ditch attempt to salvage the currency. cutting back ties with qatar russia responds after its envoys beaten by security forces in doha apparently after kremlin criticism of its us that stance on the arab spring revolutions.
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well news and comment twenty four hours a day this is r.t. with the final results of russia's parliamentary elections still due overall picture of a brand new board of all makers is already clear he wanted russia party has secured in the lead by the ruling group are seeing a significant drop in popularity. reports now. with almost one hundred percent of the votes counted the party has garnered just under fifty percent of the vote the communists came in second but third place by russia with liberal democrats on the board police the three other parties failed to get the required week per cent of the vote needed to get seats in the duma now those not yet final but the results indicate that the party which has crushingly dominated the country's politics for years now is on track to lose its two thirds majority in
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the duma welcome comparison in the two thousand and seven elections united russia got sixty four percent of the vote and now it failed to get the constitutional majority and also it didn't get that all important fifty percent mark which is of the so-called psychological barrier to say the top of the country is on the side with you that means that the ruling party will have to learn to find compromises with other political forces in the country and maybe a form of volition with that and not the policy or even parties and united russia still broad have already said that they're willing to form coalitions in this student you know on monday evening in moscow several thousand protesters took to the streets and beyond to that frustration with the duma vote police say that between seven hundred to two thousand people took part in the rally and unlike other rallies of this kind it was sanctioned by the authorities protesters chanted
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we need new elections russia without revolution shame police did not interfere in the rally but when hundreds of protesters want along with the rally throughout the city add attempted to disrupt traffic they face police cordons it resulted in hundreds of arrests a similar situation wasn't sent bit as well many of those protesting rallied in favor of that opposition party while others oppose the election as a whole. also in mosco on monday that was pro-u. not to rush a rally organized by the party's supporters and that really want to long smoothly without incidents all meanwhile several international observers who watched the election process claimed that there had been violations of faxing the values of the vote while others say that those violations were insignificant and that the vote in general was transparent and objective all present vision inventive said that any
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accusations of electoral fraud would be investigated by russian law enforcement and but those found guilty of any infringements would be prosecuted to the fullest extent of coming up later this hour all t's a business bulletin explores what effects that you do may have on russia's economy . that's right the privatization of state owned companies will be on the new parliament's agenda find out why being a minority shareholder in these companies really pays. but also helping you keep track of developments in russia's parliamentary election not our website dot com you can find all the latest facts because an analysis. is we.
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believe. the euro's time is almost up so says one of the big three credit rating agencies as it prepares for a massive eurozone debt downgrade standard and poor's announcement shook international markets versus cutting and running on european holdings especially worrying for them this time is that you. germany seen as the evils but isn't being sped agency justified its decision one pointing out of the blocks consistent failure to stem its debts even as nations sold it on the interest rates rocket but all is not yet lost with equally this gathering in brussels on thursday what's expected to be their last chance to come up with a definitive solution artie's test australia has this report. the euro zone crisis has been good fodder for cartoonists but it's no laughing matter for measure rescue
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packages numerous unpopular sturdy measures two years and hundreds of billions of euros in bailouts later it's still in need of a shot for that elusive big bazooka solution hopes are high that december ninth e.u. summit will finally be a decisive day for the future german chancellor angela merkel is pushing for a treaty change with a fiscal union as the end goal she wants brussels to have veto powers over national budget plans that breach e.u. limits automatic sanctions for debt violators a dave court for repeat offenders. in a word merkel wants to impose discipline french president nicolas sarkozy is generally on the same page but is resisting giving more powers to brussels whoever pays the piper gets to call the june germany pays we've all of you in the euro zone want to keep the single card safe you must be prepared for that you must be
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prepared for giving up your fiscal sovereignty perhaps maybe you can even save some public money by this solving your national finance ministries but this german m.e.p. begs to differ but what is the sovereignty for germany at the moment paying billions and billions of risk there's no sovereignty we are forced to do this because the euro is a reality so basically regaining sovereignty by sharing it on the european level is what the whole operation is about. while germany may be for greater fiscal integration it's dead set against the euro bond idea for euro countries sharing debt and idea pushed by the european commission albeit renaming it stability bonds in effect italy's debt interest rates for example would go down from its worrying six to seven percent level while germany's would go up merkel's response. it's a resounding no germany won't let the deficit sinners off the hook by taking on
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their debt if sarkozy ever got his way he'd like the european central bank to act as a lender of last resort but again merkel said no she won't let the e.c.b. swoop in to save the day at least not until countries learn to keep their finances in check but it's widely seen that the e.c.b. will have to expand its role one way or another and it's already considering it and what of other e.u. members who don't use the euro the idea of a two tier europe or the euro zone and the rest doesn't sit well with a major economy like the u.k. . actually the. euro is successful because a lot of our trade depends on it but on the other hand to us if there's a group a central group which are in the euro group which is not who makes up the rules which control the single market it appears that any plan agreed upon will have to have germany's backing merkel dismissed the idea of germany dominating europe as absurd although that's how it's increasingly being perceived for better or for
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worse. r.t. brussels as we await the tuesday morning reaction from europe the latest downgrade threats let's look at the implications they may have the embattled block francis loan is a managing director of brokerage and soon holdings he joins us live now from i thank you for joining us now fifteen euros a nations in one swoop has condemned page and finally broken through to all these countries do you think. well actually it's not all over do you ever since last year when their crisis first broke for greece this rating agency should have downgraded their readings of euro zone country already after two years actually more than two and have years they're still nowhere close to a solution i like the us where the federal reserve just start to use the printing press and of course euro because it is of
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a seventeen different countries. germany. we feel we feel it has to be lender of last resort if you will let the u.c.b. to print money but of course another solution is that you see be less money to i'm mad that i have in directly alemany to it is better countries but when you come around to it finally germany will pick up the tab so this is really the crux of the problem if germany does not pick up the tab i think the eurozone will collapse as the way it is now just looking at this this s. and t. report and in the euro has been limping around for a while so what are they seeing now they didn't see six months ago for example. well well what they have really have really tried to do a patch work trying to really come to market so that the crisis will go over and then they want to bet on economic growth to softy the debt crisis but it could
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the problem is there is no economic growth in europe when there is no economic growth your debt becomes a real burden and desist ecstatically was happening to europe so. they have to do side to solve the problem that the u.s. did and what pente to say there's really no other solution there is no the lender of last resort. china does not want to be the lender of last resort for you you have to solve its own problems be it. germany can no supremacy take. your role and they're married to. you have to suffer the consequences was interesting you mentioned china there and the debt burden how journalists affect beijing's so far like the lust of assistance the e.u. in the us is after all china's largest trading partner.
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the policy makers already. for the for europe the recession or the economic policy makers in asia already. in. recession even though europe is the largest market for asian exports but of course we're suffering like this something in a recession like this and you have to depend on the much less you have to. intervene no demand tried to boost the mystical assumption and to take the weight of the decline in exports to europe so i think most of asia is doing. well enough coping with the decline of europe now we're hearing the noise is that germany is also on the line here and what's this going to do to germany's status as the de facto leader of the eurozone i suppose. well this is
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difficult or impossible to see germany being downgraded actually germany's been been dragged down by euro partly because their five nations in their lack of five now showed this template they'd like italy and greece to get themselves into so heavily that there's no way to out of it and then if germany would have to bail out of this country stand germany's credit on credit rating. and of course. if you want to play hardball just let this country go to the wall and then germany. and i think that way germany came maintain its rating but short of a catastrophic solution like that i think germany would be dragged by the rest of europe how important are these these ratings that you mentioned aaa rating for example simply stating they may well they may downgrade the eurozone has already
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sent many investors packing so these these agencies become self-fulfilling destructive forces and they yeah this career but i look at their you as. the first so what happened to us start a string fund because euro is in worse shape and. so really if you look over. paris over the same downgrade no problems so forget about the rating agencies. trying to solve your own problem because rating agencies really for academics they really do know that we are ok i would have to leave it there francis loan managing director of the unseen holdings in hong kong thank you for joining us here on r.t. . well russia is scaling back its relations with qatar following an attack on its envoy in doha your source is being linked to
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moscow's criticism against qatar's u.s. backed position on the unrest in syria is going to chicken reports with washington's weight behind it cut off feels it can get away with almost anything. a small country with gigantic ambitions qatar with a population of less than two million people embarks on an aggressive plan to shape the air war old playing in tune with washington's policies in the region could target gain diplomatic weight it never had before they could tyreese feel as if they've got enormous backing and that they've become sort of larger than life as a factor in the politics of the region they're currently the chairman of the arab league and they've used that position to press for the most aggressive kind of action against syria could target became the first gulf nation to close its embassy in syria in july qatar is also reportedly funneling syrian rebels with weapons as
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it did in libya. the country's cheerleading rolling revolutions in the middle east and north africa has earned qatar cheers and applause in the west or is not only supportive diplomatically but it's also support of military. for the partnership between our two countries is a model everyone's beginning to notice the u.s. went from once branding the qatar funded al-jazeera a terrorist channel to openly praising al-jazeera al-jazeera has played a key and leading role but qatar has come under increasing criticism from russia for its aggressive involvement in the affairs of other countries in the region last week a daughter airport the washing ambassador to qatar with two other russian embassy officials were physically assaulted by qatari customs and security officers when they made an attempt to confiscate the russian's diplomatic bag because of the
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incident moscow has downgraded formal relations with qatar but get a sense that anything that they do to really stick a finger. in the eye of russia or any of the other bric countries will be applauded in certain circles in the west in reward so yeah i think it's all of it's all about that. you know they're in the front and russia is not fall in you around this syria issue these said and took place on the same day as russia's foreign ministry criticized qatar for supplying weapons to levy and rebels in violation of a un arms embargo the us which has a military base in the country has qataris backing for its ventures in the region with syria now in play washington is betting high on qatar has been put forward as the arab face on this bullying operation tiny qatar
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empowered by the us is now playing big striving to shape the turbulent region in its favor the incident at the airport with russian diplomats shows what happens when someone gets in their way i'm going to check out reporting from washington r.t. . meanwhile. in washington are calling for a review of relations with another pakistan they choose is not about of supporting terrorist organizations it's freezing corporation that was triggered by a deadly nato attack on pakistan's border foreign policy on this one and thinks america is planning to leave pakistan by the wayside. i think what's happened is that the united states has made some decisions about its strategy in the region both in central asia and in the south in south asia that essentially is going to cut pakistan out of the formula and i don't think united states cure is very much what's going to happen after withdraws its troops in two thousand and fourteen and
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i think they would rather not withdraw their troops which is the nub of the problem because just on november second russia china iran and pakistan had a meeting in istanbul which they all agreed that they would pressure the united states not to leave troops in afghanistan and i find it very difficult to imagine that this fallout in relations between pakistan and the united states is not somehow tried to that position but another area of u.s. interest is also facing increasing diplomatic isolation iran is warning against new washington back sanctions over its nuclear program which will target its oil exports and says they may more than double fuel prices for tomorrow from the national iranian american council says such sanctions will only really struggling western economies. these are saying that. this is the sponsors that actually
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acknowledge ok this is going to raise gas prices a little bit here in the u.s. it might in my you know take away some jobs here in the u.s. but it's so important that we need to do it even though we've never seen these sanctions actually work meanwhile in europe they've talked about imposing similar sanctions actually imposing an embargo on iranian oil exports so that europe wouldn't be able to purchase those and it looked like they were going to go through with it until spain italy greece said now hold on we are teetering right now if you actually raise gas prices here if you cut off our oil imports from abroad we're going to go under that's going to create far more damage. than we could expect from actually pursuing a different course with iran focused on a way out of this sort of escalating confrontation. and more towards diplomacy than just pressure for pressures sake now about forty five tons of radioactive water has reportedly leaked out of the fukushima nuclear plant in japan that was badly
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damaged in march is earth quake and tsunami some of the toxic water and they have found its way into the ocean during the weekend when strain put this in perspective now and talk to david wagner from country risk solutions in tokyo thank you for joining us here on our to mr wagner what are the potential dangers of this latest leak if it's confirmed but the link is so is rather small compared to what's going into the ocean. you're going to march time period where eighty percent of all of the radiation that leaked went into the ocean this is quite small and the problem is it has high levels of. most of the cesium was taken out of the water through the cleansing process thank you note right now. we've also heard reports of radioactive substances being found in local food in recent weeks how serious is that. well it remains to be seen how serious it is what's clear is that the testing process is not across the board systemic less than one for per cent of all food in japan is
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being tested right now and it's only being tested or cesium one thirty four and one thirty seven so there are many other types of radionuclides that are not being tested for at all including strong. tony and those are very dangerous radio nuclides once they get into through nerves or through fruit can go into the bone and cause cancer oh in a more technical side there's less than a month left until the plants shut down all the pops but we're still hearing reports of such leaks how do the plants officials expect to complete the work. well they have a plan that's been on schedule according to their plan since they began and they are targeting december sixteenth or you know bringing the reactors to a state where they call it under control that remains to be seen but it is clear that they feel they've got it under control there is always a threat there oh sorry we just turned yellow we're not we're not radioactive there is always the threat still that there could be another earthquake and that's
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something most people are not talking about. it's possible and there's no that's not radioactive how much is this the last thing off the mouth that weighing on the the pros and cons of countries pursuing nuclear energy some seem more anxious than others. i don't think that's true i hear you. well over eighty percent of the reactors are offline right now and it's quite interesting because throughout the summer when there was sort of self restraint of electricity usage japan's economy grew so it tells me that there was an excess of electricity available and that actually the country is doing ok right now we're out of the long term i don't think industries are very happy about it manufacturing is gradually. and it's a problem for a long term how they're going to replace energy as the country grows but that is another issue throughout the rest of the result of the march eleventh. ok david
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director of crisis communications at country with solutions thank you for joining us here. well now to some other unease from around the world and there's one place at the heart of the e.u. that's long been struggling to achieve much talked about unity until now belgium finally has a new government after a record breaking five hundred forty days of political deadlock socialistically that will take charge of the new coalition which will have to sort out the forms of cuts to patch up the belgium's dwindling economy the last two governments quits in april twenty ten off the failing to resolve internal disputes questions. a string of bombings across afghanistan have killed dozens of people as the country mount a muslim holy day a suicide bomber struck at a shiite shrine in the capital kabul killing at least thirty on a separate incident anyone teased and sold for killed after a bomb exploded in
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a mosque and the latest reports from the country's second largest city kandahar say three people have been injured as a bomb placed on a motorcycle was detonated. that's the main news but to the business now with. twenty five minutes past the hour here in the russian capital you're watching business on our t.v. the new russian parliament has been chosen but many of the challenges remain the same a number of these a long term project such as building infrastructure or privatization due to changes in the constitution this duma will set in for five years rather than four barris from business new year of thinks the extra time will help get things done. over the problems that russia faces have to do with long term planning and you know massive amounts of or for rebuilding restructuring investment what have you and this sense
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it's not like a western democracy and given that what needs to be done is actually pretty obvious i mean you need to invest in the education system you need to invest into infrastructure now it's rail transport you know all these things it's very obvious what needs to be done and so in that sense having a government that's in power a little bit longer which can concentrate in the job in hands is probably a positive thing. with a new parliament now formed many in russia waiting for the privatisation programme to get back on track bruise vow or from verna capital says the government has done a good job so far encouraging investors to inject cash into state owned companies. the government for several years has been making an effort to improve transparency and to improve governance soon companies but now you're actually seeing the fruits of that effort so last last week we goes from announced its dividends were higher than expected you know almost two hundred billion rubles goes from as dividend yield of almost five percent that's higher than x.
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on the time and so it's an open and petrograd successor so the government is actually taking you know very dramatic steps to pay you to be a minority shareholder and then you see increasing transparency in dividend payouts from a host of other student companies so you know the general story is that the government's efforts to improve corporate governance among student companies are now rewarding you substantially as a minority shareholder so that's you know what we keep an eye on. have a look at the markets now crude is lower as the euro retreats against the dollar now it's after standard and poor's placed fifteen euro zone economies on a watch list for a possible downgrade in the next three months light sweet is currently trading at just under one hundred one dollars a barrel brant is topping one hundred nine dollars. european markets are under pressure as us and p's says it will downgrade all of europe's major economies
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unless the e.u. leaders come up with a very tight plan on how to solve the debt crisis at friday's meeting the footsie is losing just over a tenth of a percent in germany the dax is down more than three percent this hour the russian markets are lower at noon in sympathy with asia and europe the r.t.s. is shedding more than one percent the my six is down around half percent. and let's now take a look at some individual share moves on the my sex most energy majors and down amid weaker crude with gazprom losing point four percent financials are also under pressure would be t.v. down one and a quarter percent bucking the trend is poor is gold as precious metals stocks are often used as a safe haven in times of uncertainty. that's is from the business team for now but i'll be back with an update in about fifteen minutes i'll see about.
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