tv [untitled] January 21, 2012 9:18pm-9:48pm EST
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you wouldn't know. we don't always. hear but do you think common sense takes over a little bit oh yes ok we don't know. but our moon think we would know. they're going to look up there to see because. things like some people are listening to what's being said and are thinking for themselves let's just something catch them much more subtle inaccuracy guarded by the media every day. in the us an increasing number of people are struggling to make ends meet supporting their own needs or for that matter the needs of an entire family is proving to be a growing challenge and these are kids going to porton i reports those who can't get food stamps are looking down every avenue for nourishment. the number of people on food stamps has reached an all time high and more and more people are going
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hungry one in three americans live in or near poverty and suffering hunger in this land of plenty. in this land of plenty roughly two point seven million tons of food is reportedly raised and grown each year the same country that loves so much to consume calories. also loves to waste that. this is a liquid geo and although it is a dumpster diver instead of paying for food he ramaj is there garbage bags on the streets of new york city. were tons of edible food is thrown out each night i've never found that money for the people here this is a figure reason there isn't bagel a twenty seven year old musician makes his way from the bakery to the telly there's hot food here which probably comes from
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a hot food bar relying on supermarket trash for his essential vitamins you know without opening the bag i can see that there's an orange. and some other greens what we and those crowding around g.o.c. is that in a country where more than forty million people struggle daily to get enough food millions of meals are literally being wasted as this food as you can see is still perfectly edible and there's no sense that it should be wasted and thrown away. otherwise it would end up. on top of the landfill somewhere and has to be the thirty to fifty percent of u.s. food produced for consumption ends up at landfills each year that comes at an annual cost of one billion dollars simultaneously food prices continue to rise leaving millions more on line at soup kitchens and ultimately searching through trash eating meat to be sure the documentary dive follows filmmaker jeremy seifert
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and his friends in the back alleys and rubbish piles of los angeles as thousands of dollars worth of edible food is salvaged it's a result of our excess we are a wealthy country and we have excess and so we is. really necessarily a byproduct of excess and it's a bad habit of sort of the spoiled rich kid as it were a myth america's expanding climate of food waste critics say the country's overall carelessness causes ripple effects around the world it is a global market and our over consumption directly impacts the hungry and or in other countries taking more than we need and wasting it affects the prices of food affects the availability of food so yeah i guess it was mightily because there was a sense of outrage at the in justice waste something of
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a paradox society defined both by we still consumption and an ongoing struggle to make ends meet because my expenses are first thing that goes through so the question is. why pay for that which you can get for free. artsy neat oh well plenty more stories available for you on line twenty four seven there's a bit of writing is avoiding a lot of. rushes that marine skied ballet troopers rounding off the u.s. tour can learn more about their triumphant political opponents check out our part of the cycle online plus. an international team of scientists have suspended its study of the deadly nutrition of the h five n one bird flu virus right up lie on our truck own.
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feet. now look at what else is making news around the world first we begin in nigeria where the death toll after a series of coordinated gun and bomb attacks has climbed to more than one hundred fifty people the radical islamist sect boku has claimed responsibility for targeting different locations including police stations and the regional police headquarters the group which is a behind a string of bombings in the region recently claims that the attacks are in response to authorities refusal to release their members from. nearly two dozen occupy protesters have been arrested in san francisco after demonstrations turn violent there several were arrested after refusing to break from their human chain blocking the headquarters to wells fargo bank some demonstrators also threw
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furniture off a hotel rooftop organizers said the protests coincided with the u.s. supreme court's decision to years ago to remove limits on how much money corporations could donate to political campaigns. the yemeni parliament has approved immunity from prosecution for president ali abdullah saleh who is due to leave for the u.s. to seek medical treatment he is being accused of suppressing protests and killing yemeni people however those working under the president could still face legal action so they will formally hand over power next month after thirty three years as ruler and is expected to return to amman after his stay in the u.s. the russian city of sochi is the host city of the next winter olympics and it's making safety the main priority heavy snow is usually good news for skiers and snowboarders but can also spell danger for the thrill seekers archies dennis blas who joined those keeping the mountain peaks clear.
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avalon challenger seven explosives and cannons and their song a. mission to keep the feet clear and see. it's been snowing heavily in sochi this week and skip full of magnificent let me see it was just snow so most of us can provide prize. for one chanters. avalanche team surveys average new can craney of the resort they say russians love to push the boundaries and many skiers like riding off the beaten track their need is the team's lead expert he uses computers and weather stations to monitor the snow fall but being a local who's been living in the caucasus mountains for over forty years the man says there is more to his job than that. though is a living being it has its own life you just have to learn how to understand it and this in turn is only possible if you spend your life with it at times the snow can
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turn nasty if there's more than twenty centimeters chances are high it's going to slide for real proves the clues are easy to discover if you know if the guy and he were like thirty or thirty centimeter color. and we hit it with the show exactly ten times very slight me as a calling falls apart at some point it means the snow is too soft and it will collapse the morning survey is over so now it's time for snow angels to descend to their headquarters and pass on the good news. calling dispatch over. there. were given permission to lead the terrorist and start the cable cars. in february and march this resort will host international ski competitions bringing new challenges for the avalanche team head of the two thousand and fourteen winter games when the venue faces its ultimate test learning
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we have seen the damage it has done for the gulf environment monument both with the fire props we do not want any more new geom olds. of course since those are the sports trends and i'm just i'm just appalled at the top of the form. here even just unfortunately because we can't move it's a there's no labeling here for being used a come up or a tree experiment used to be. nothing. in. there it's. like.
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market. coming. into the global economy is a record. of what macworld watching the club had with its director from the harvard law school. his longest parties win an overwhelming majority here in egypt's first post who are collections claiming more than seventy percent seats in parliament the. doubts are cast over the arab league mission in syria the critics question in a group of independent supporters say their presence has helped me in the violence of. the police crime for
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a gorgeous council for hundreds gathered to rally against adjoining that move ahead of the country's membership referendum. well up next with the kaiser report comparing mutiny on the bounty. stay with our. sure this is the kaiser report sexual favors for chicken nuggets oh my goodness i can hardly wait to get that story but first let's talk about the sinking the ship max you're not talking about the global economy or are you because that's our first headline cruise ship captain refused order to return to a ship so more information is emerging about the coast to can korea and the captain's role in abandoning ship now when something first went wrong the port in
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italy called the ship and he said no you know problem is there's no problem here in fact it's just a technical error so the strong parallel to the global economy because what happened when the stuff first started going wrong for years we knew there was something wrong and what did jamie diamond with lloyd blankfein what did they say they say nothing's wrong you know just carry on they're telling the regulators oh nothing to see here people are dropping off and drowning in a sea of derivatives and they're doing nothing about it so this guy abandon ship and he jumps in the life boat or a trip into the life boat people are dead i would imagine his next job will be skippering an oil tanker for exxon will probably be skippering some huge oil tanker and they can run aground included sound that'll be his next job because his price on the open skipper market just went down ok so let's go back to the story here because when captain schettino told the coast guard told the people who are regulating the law of the sea when he told them it was just
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a technical error but in fact was using that time to get into a lifeboat and escape well once the coast guard found out what did they. you know provide him with more liquidity and more coverage you know the guy the captain of the coast guard captain gregorio default shouted at him you go aboard it is an order don't make any more excuses you have declared the abandoning of the ship now i am in charge now that's what timothy geithner that's what ben bernanke that's what george w. bush and then obama should have done as in control of the u.s. economy and banking system they should've said lloyd blankfein jamie diamond all you other sh'ma gagne's you have abandoned ship get off on in charge right it had ben bernanke you better in charge of rescuing the cruise ship this solution would have been to take a boat out of the ship with a crowbar and make the hole in the boat and all the problems bigger that's the central bank solution to the global economic crisis is to make the whole bigger
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with artificially low interest rates this is what's making the situation even worse and of course in europe we find out they're going to expand the european central banks quite alive by a trillion euro that's the exact opposite of what is required to bring some of this accountability that you're talking about the maritime law stepped in people are drowning. they're obviously dying so maritime law came in and said ok we have to impose the law now in the global economy people are dying from the derivatives that are being created that are making the top one tenth of one tenth percent fabulously rich and everyone else is choking on their own fiscal gone it and the regulators are making that easier for the criminals so this captain schettino he's brought to shore he's now everybody knows he's abandoned ship his excuse costa concordia captain says he tripped and fell into lifeboat and that's the reason why he abandon
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ship that sounds exactly like the excuses that lloyd blankfein and jamie dimon gave to congress i tripped and fell. into tarp but that won't be the analogy would be the one that they always is is the market did it we the markets unpredictable we don't know what the market's going to do and when the market did what it was going to do we had to do what we did even though they themselves are manipulating the market to create the effects that make them coincidentally incredibly rich and everyone else poor that's just a coincidence but this is the same kind of excuse that well this guy saying tricked into the lifeboat and sailed away and lloyd blankfein and jamie diamond are saying oh the market accidentally made me a billionaire i don't know how you know there's further parallels here max because it's emerged as well that he did he's now confessed that he did. deviate from course to go closer to an island to salute to his friends well he said he's the
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most before it is always gone ok but he said i don't know why it happened i was a victim of my instincts ok well here's a belge we know that battles is coming up a lot of bankers go to battles that person has never been higher so they get that really find help or material they do stupid banking tricks like don't cumber a bank with a few hundred billion dollars worth of debt to generate a huge fee to void the poker and that's pretty much what happens at that also here's a guy running a crucial piece of chicken on the beach baby look at me oh you people are dead well i mean accountability and maritime law yes i walk through the city of london no well he said he was a victim of his instincts junk or sign is using that exclaim excuse oh it's just my testosterone i'm a victim of my being an alpha male now as no regulators will step up either they've abandoned ship there is one person else there and that is mecca. oh
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let's turn to this video sent to us by a viewer lindsay out of. that zone stuck in the glow of our t. shirt is that as an r c somebody will tell them you want that as their personal ad for the show on that network so as we said the global economy is listing it's sinking and what do the regulators do over and over they don't arrest the captains they don't fire the captains and tell them that they're no longer in charge you know here's a tweet from jim cramer i am just proposes one trillion increase in lending that's what's needed i.m.f. stepping up to. table real heat so in fact the i.m.f. expanded their lending to
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a trillion now they're looking for six hundred billion more. well this is the jim cramer stunt we saw in two thousand and eight member when lehman went bust and there was a liquidity started to freeze up in the system and looked like banks might have to pay for the mistakes that they made. jim cramer went on c n d c and he did a hissy fit this well let's cut to jim right now this one isn't two thousand name and perhaps he's being an academic it is no time to be an academic it is time to get the bear stearns called listen both in the door and window he has no idea how big it is out there is no. yes no. grant has almost. said to r.c.s. you know what it's like out here now kramer he got his word member right after that paulson went in front of congress and said give us three quarters of a trillion or we're going to declare martial law that came out in the in the
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testimony later which turned into that was tarp and it turned into when you add all the extra tarp features almost fifteen trillion and bailouts we know from request freedom of information act that there was a seven trillion that went directly into the banks pocket another seven trillion of ancillary kind of was distributed to these guys very simply have that kind of money been used to bail out the homeowners hey the recession depression would have been over already two years ago the obama would have come out like somebody who is a populist representing the people and not somebody in the pocket of the bankers and see kramer would have been taken off the air by now because he's a charlatan and a scam and it's hedge fund his recommendations i presume produce the exact gain over the past five years of negative six or seven percent corn in my calculations so max this issue of the i.m.f. able to expand their credit facility up to a trillion dollars that's the equivalent of the captain of the ship saying oh
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it's just a little technical issue as if the i.m.f. has money as if any of the member nations have money to dedicate it to this facility u.k. faces request for nineteen billion pounds as i.m.f. boost bailout fund to one trillion dollars. didn't we just cover the fact that debt to g.d.p. ratio in the u.k. is a thousand percent where do they get nineteen billion they engage in massive off balance sheet enron like special purpose entities fraud they create this debt. simultaneously creating an off balance sheet entity that they hope at some point will be made good when the economy resign or resume is growing well this is basically the model of the arson who's selling the charcoal of the buildings after he burns them down essentially the u.k.
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doesn't have as money then they cook it up on a completely in the shadow banking system the multi hundred trillion dollar derivatives markets can be expanded by another one hundred trillion dollars and that is financial repression financial old pression see and that's putting the bill if you have any capital you're treated like dirt in this economy if you're a welfare state queen like wall street in the city of london the rule of the red carpet but while there are distracting you with these so-called technical measures like increasing credit facilities up to a trillion dollars that they don't have in the meantime they're not only abandoning ship but they're actually preventing you from ever being able to jump off a ship even try to save yourself let alone them coming to your rescue because i want to turn to a little clip here from chris hedges a former war reporter who is now an independent journalist and commentator and here he is on democracy now being interviewed about the national defense authorization
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act he is suing the government to try to stop that and he notes that the intelligence community in front of congress testify that they don't actually need the authorization that was being granted to them so he asked why and i think we have to ask if the security establishment did not want to spill and the f.b.i. . director mueller actually goes to congress and says publicly they don't want it why did it pass what pushed it through and i think without question. the corporate elites understand that those things of certainly economically are about to get much worse i think they're worried about the occupy movement expanding and i think in the end this is. they don't they don't trust the police to protect them and they want to be able to call in the army and if this bill goes into law and slated to go into law in march they will be able to do that the noose is tightening and the wealth confiscation is accelerating it is so max you brought up this chicken mike
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now good story so we're going to go to this here woman offered sexual favors for chicken meat nuggets police say the los angeles woman was seen going from car to car outside a mcdonald's drive through and what it turns out is that she was offering sexual favors in exchange for chicken make now gets with barbecue sauce i'm not sure it's worth it well she was trading sexual favors now what about greece which is traded their sovereignty for chicken acknowledge it's goldman sachs one greece last and it moved down to leave many greeks and scholars aghast greece's culture ministry said tuesday it will open up some of the debt stricken country's most cherished archaeological sites to advertising firms and other ventures oh you call this so many and so many months ago they have income producing assets greek greece is not bankrupt they were the victim of a leveraged buyout by hostile raiders on wall street now they'll be converting their assets i think are producing assets will be going in the pockets of foreign
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bankers and the people have lost their sovereignty and they'll be bankrupt and being in the streets as they were that was you know a nice show but there was no a coup d'etat there was no revolution the government still in place so you lost goldman sachs one all right thanks so much for being on a cause report thank you mancs don't go away much of a. coming away so stay right there. the. discoveries buzy. the. community with the wall. and becomes green. nature can give you on all.
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the. technology innovation all the elements. the future of coverage. welcome back to the kaiser report i'm max kaiser time now to go to london and talk with former compliance and market supervision director of the international control in extremes chris cook welcome to the kaiser report again marx already cursed could you predict the eminent and of the oil market why and how well in simple terms the oil market has become like several of the markets almost completely financial lost by the participation of what is being called
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passive investors by god almighty masters they call them passive investors in the they also called inflation hedging investors and the participation of these investors in not just in the world markets but from all of the balkans and a quick email. it's completely distorted the operation of these markets right now ok talk about the financial ization of these markets it's a curious term the word passive because the as warren buffet car that these are weapons of mass destruction financial destruction so there's a very aggressive destabilization going on to make a very few people on wall street the city of london exorbitantly rich while destroying the enter lying fabric of these economies but is it safe to say that the connection between the price that you see the paper price as absolutely nothing to do with the real price of the real stuff i think what is happens is that the price
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of the physical the actual stuff that we we use that it gets refined and into gasoline and then we drive we drive around using it has become inflated it's because basically their participation in these funds in the market has acted to raise the price to a level which basically the starts to get destroyed this happened back in two thousand and eight i gave evidence to the treasury select committee back then they lost interest when the price collapsed and in two thousand and nine maxie basically happened again the price got pumped up and was kept up and you see what is being missed here is that we're not talking about speculation we're not talking about people taking a risk so that they can get a transaction profit what we're talking about here is people who want.
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