to change the treaty richard and his family will get the chance to appeal the decision at a higher court but their options are rapidly running out either bennett's artsy london. today marks one year since the deadly bombing of moscow's dome idea of a hundred thirty seven were killed in the blast carried out by a single suicide bomber the international arrivals hall investigators later identified the bomber as a twenty year old from russia's republic of english shetty are trained by islamist terrorists in the north caucasus region seventeen of militants linked to the attack were killed in special operations last year four have been detained but one of the world's most wanted terrorists doc who model who claimed responsibility for masterminding the bombing is still on the run. now let's go to the are to world of it update for you here some other headlines in brief from around the globe we start with iraq it's where a wave of car bombings of killed fourteen injured more than seventy of the blasts

occurred in mainly shia areas of baghdad the latest attacks come just after the u.s. removed its troops from the country last month at least one hundred and seventy people have been killed in sectarian violence since that military withdrawal. turkey has vowed to retaliate after the french senate approved of the old make me the prime to deny the massacre of armenians by the ottoman empire in one nine hundred fifteen was a genocide both houses of the french parliament have passed the bill which still has to be signed off by president sarkozy in order to become law the proposal is set to make the denial of genocide and war crimes recognized by french law punishable by up to a year in prison how many years there's a one and a half million people were killed in the massacre turkey says the figure was much lower rejects the term genocide. to kenya presidential candidates will stand trial at the hague on charges of crimes against humanity the men are buying

up for prominent kenyans accused of orchestrating a deadly wave of violence following the country's two thousand and seven election more than twelve hundred people were killed during the country's post-election clashes with more than a half a million forced to flee their homes no date has been set for these trials. and to the philippines where fifteen people have been killed and three others wounded after a gunman opened fire on several boats in the southern philippines government officials believe the men may have been attacked by rival fisherman after they strayed into the fishing grounds or the region is a stronghold for islamist rebels although the authorities have ruled out militant involvement. firemen standing by while houses burn and police watching while people drown a spate of incidents in the united states has sparked concern over what kind of society it is becoming as artie's guy nature can reports sticking to the rules and fear of litigation appear to be trumping care and compassion. jeanne chronics

house burned down to ashes as firefighters stood by and just watched they refused to save mr chronics home because he hadn't paid a seventy five dollars fire fee that the county requires i thought they'd come out and put it out they even if you hadn't i decided in the five hours but i want her home as the house went up in flames the cryonics were begging the firefighters to make an exception saying they were ready to pay whatever it took to put out the blaze but they were told it was too late things my mother and my mother's my grandmother's my great grandmother's were all there in the house same happened to vicki belle from tennessee firefighters stood by and idly watched her trailer home burn because she too hadn't paid the seventy five dollars fee no one said they were in fact this fact that they so they were all safe. in the us foreign policy varies from state to state from county to county in south fulton tennessee

if you don't pay you're out of luck anybody that's not inside the city limits of self interest service that we offer it about except it all go down behind numerous similar incidents lies a problem rigid local rules versus the responsibility of the government to help its citizens when they're in trouble or rather versus basic human compassion we're really poor in terms of humanity i mean when it's seventy five dollars that is the more important thing and i get in a situation like this it just shows you that we've become far too concerned about about every single dollar and you know and also that it just shows it's really kind of it's an all about me you know we just don't live in the community anymore than like there's no sense of this like shared responsibility for the individuals in that community in california police and firemen watch the man drown saying they didn't have proper certifications for water rescue which would leave them open to possible lawsuits if they attempted to save him city officials blame the incident

on budget cuts so as the more. then an hour long tragedy unfolded authorities stood there and did nothing this is the part where rules and regulations defy logic that was the end result of body washing up to the shore. so if you think about it it's horrible how can we allow that to happen in the us is a very litigious society we have more lawyers per capita per capita than any other country and i think the world and so you know when you have to worry when you're a rescuer and you have to worry about a lawsuit and you cannot rescue a person as a result i mean that's that's really a problem if the firefighters had rescued the man even saved his life but somehow maybe broke a rib or hurt him in some other way you know they stand to be sued in court and that's just the way our system works even after the serve brought raymond zack's body closer to the shore firefighters refused to get in the water and retrieve the corpse so they waited until

a passer by volunteered to do the job the logic you don't get anything unless you pay makes sense to a lot of americans but when you have money and rules on one side of the scale and humanity the human urge to help on the other and money wins this is when one gets the says that something is wrong with the way the system works i'm going to check on reporting from washington our team and it's time now for corrina with the latest hourly business update. it's twenty four past three pm here in moscow welcome to business the rally in oil prices has paused traders await the next move in the escalating dispute between iran and the west tehran has responded to the eaves decision to impose an oil embargo by threatening to close the straits of hormuz twenty percent of the world's crude supply passes through it however hard him on to pick from platts the belief that the warning and the embargo should be seen as

a bargaining points. the wording also says that there would be a review in may so there almost means that i am ready to do something in july but i can change my mind in may i don't think anybody wants these things to happen because europe right now is very weak financially economically and the last thing that europe really wants is a confrontation because that will be even more disruptive for the economy here the oil that was supposed to come to europe from iran will go to an oil that was going to asia from a location start west africa or even russia will now go to europe so europe can always replace the oil that's not the issue the issue is the level of pain. let's look at the numbers now fluctuating about ninety nine dollars a barrel in new york speculation the us start again last week is weighing against those worries about iran. and is trading at over one hundred ten dollars

a barrel european stock markets are a lower greece and its private curtains continue to negotiate over the terms of a hoped for debt swap deal in britain the footsie slipped point eight percent led by miners and banks lloyds banking group are shedding four percent germany's dax is over a percent in the red as well led by commerce bank that is down four percent and a three and a half percent loss for siemens was reported at in fiscal first quarter profit. here in russia markets are trading lower at midday is losing just under over half a percent in my eyes it is shedding over a percent let's take a look at some individual share moves on them isaac's most of the blue chips are lower with banking and energy stocks the main decliners p.t.b. is losing a half a percent down one point seven percent companies planning to invest more than one billion dollars in the oil rich trips to the field in siberia and chemical group

background as among the gainers but only just. point one percent it's reported an almost five percent increase in production for the year two thousand and eleven michael stein from up criticize at the upcoming davos economic forum a speech at the u.s. corporate results will keep investors busy all week long. given the improved outlook for the oil price because of the iran news that we saw yesterday and given the very low valuations for russia generally and the fact that many of our clients continue to see fund flows into the russian dedicated funds we think that the market will gradually melt higher and that's it investors will pay attention to our global events and this week there are a lot of them investors will look at the f one c. meeting coming up president barack obama's speech in his state of the nation's address in addition we've got the world economic forum and more than one hundred twenty companies in the united states are releasing their fourth quarter financial results so we'll be quite a busy week on the external side and then here at home in russia investors and pay

close attention to macro data most notably the unemployment report in russia for december in addition to industrial production figures on the corporate side will also see operating updates from metals and mining companies including natural police and m.k. . they thought as i was of european banks are affecting their business abroad one of germany's biggest lenders commerce bag is leaving the russian market and it's selling a forty percent stake in one of the top fifteen local lenders problems bank the sale is part of an effort to increase its capital by roughly five billion euros in order to comply with the new european legislation. that's all the business news for this hour join us in less than fifteen minutes from this is art.

wealthy british scientists. market why not come to. find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines tune into a report on our. mission in three couldn't take should free

in-store charges free arrangement free. three stooges free. old free broadcast quality video for your media projects and free media don carty done tom. do it off the lot from oscar time for your headlines new violence in libya gadhafi loyalists clash with interim government forces in several cities across the country all of this as fears grow of a slide back into civil war. i was the u.s. and europe slap iran with tough new sanctions tehran reportedly gets around them by ditching the dollar and will now use gold for oil transactions.

plus a derogative of being a one sided the extradition laws between the us and the u.k. designed to help bring terror suspects to justice faces fresh calls from britain it appears as a one way street to american jails. because the report is next. max kaiser this is the kaiser report oh that most of the starting i think tomorrow this is the major global swap meet for dealers of weapons of mass financial destruction and they compare notes on how to destroy each other's economies for fun and profit

states herbert max if you do a google search for davros two thousand and twelve you will find out why the banks tours are behind so why they want soap but because as you see the first two results are world economic forum that's actually the group that puts on number three result is from max keiser dot com that's before c.n.n. before the telegraph before the guardian before all the international news media where first and what does it link to but original artwork from william bond's i seven you can see this right here davus two thousand and twelve too many bankers species one planet no future world ponzi nomic summit many species that got the gorillas the central bankers and they've got the primary dealers i think there's twenty eight of them these are the ferrets that are kind of. you know meant manipulating markets to try to ease that push of quantitative easing into the global economy well let's turn to some banker species in the headline the first one

the correlation of laughter at the meetings this is the central banker species the f o m c is the federal open market committee at which the polar bear oh sets global interest rates well apparently somebody had the clever idea of actually looking through the transcripts of the meetings and they found that the number of recorded laughs actually increased in frequency from two thousand to two thousand and six the peak of the global financial bubble in two thousand and one f o m c erupted into laughter sixteen point five times per meeting on average in two thousand and three it was over nineteen in two thousand and five twenty seven and then in two thousand and six the f o m c burst into laughter nearly forty four times per meeting yes because they should be printing money or doing something responsible but instead their slogan this money. there is but. who are federal reserve germans who you know the problem is that the stuff can make you see

hallucinations which i'm not this is the guy the sound of the stone and saying. well. this is some quality money printing i can't believe this quantitative easing work and i get a nickel bag of this and i think you got my run on holy smokes. well yes so they were laughing all the way to the top here's another species a banker max it looks like these people are followers of maybe timothy leary goldman sachs enters a billion pound parallel pay universe a billion pound parallel universe dropped out of pain or something huge bonus thing to believe let me said that in between as a hit well of course many people. get a bad batch of lsd often are found standing on the edge of buildings saying i'm god i can fly but there's some guy carries over the new york fed i'm flying look at things in titanic he's a titanic the entire economy sinking anything is getting

a hug by leonardo dicaprio while payout by investment bank equating to two hundred thirty eight thousand per employee provokes anger among unions in the u.k. but you always do the same accept they have they would have to go off planet to pay off all the derivatives they've spotted that well look i mean the unions are upset but the unions have no place at the table the unions have been. taken out of the equation many years ago this is a battle between savers versus speculators that's the battle unions and jobs are gone it's only about people who have capital want to save and get an interest rate on savings versus borrowers want to lower interest rate on the same as to borrow a speculative build up actually max ok this brings me to the next species the banker and that's the global organizations like the i.m.f. and world bank because the i.m.f. christine lagarde said that we need to bring unions back to the table because i am a four is a threat to global economies posed by austerity drives reflecting the i.m.f.

concern about over aggressive deficit reduction programs the joint statement said governments should manage fiscal consolidation to promote rather than reduce prospects for growth and employment and should be applied in socially responsible manner well let me explain something i'll give you a lesson in economics in twenty seconds it's centrally planned its central bank plan its low interest rates to favor speculators to the point where unsustainability has now gripped the global economy by the throat forcing one of two outcomes and there are only one of two outcomes a bank central banks begin to raise interest rates which would in fact spur interbank lending. which would be inflationary which is what they want to curb this deflationary nightmare or big they raise minimum wage they double or triple minimum wage that would also cause inflation that would also cure the problem those are the

only two outcomes raise rates of interbank lending or raise minimum wage to suggest anything else. is is only favoring the speculators and the borrowers to the detriment of everybody else who's not one of those people who are borrowing with impunity with zero risk remember they're not taking risks like mitt romney over you know graduate of being capital when they were out there in the private equity space slashing and burning companies left and right remember he took his zero risk his cost of capital was zero and the cost of making a mistake was zero he's just a guy who steals money who doesn't drink coffee so christine lagarde is saying that governments in europe should stop cutting things and actually start investing in in particular investments to target civilians and education and equip people for the

future but of course the last thirty years of these banking species running the world has been the exact opposite it's been the bain capital model of extracting as much equity as possible from your community including the capital of human knowledge right well kristie look are too good for enough ammunition to duke it out there at the i.m.f. level is sums some kind of gravity to us if they're not going to raise the wages for workers or give them some education then you've got to start raising rates at the central bank level those are your two choices so present it in this way and give them the you know either or solution because if she just goes down one path and leaves you're the one completely unguarded you will not make any traction in her argument whatsoever of course the other way to look at it is that the i.m.f. the day before had only requested an additional six hundred billion dollars from the taxpayers of the world so maybe she's trying to pretend to them make

a false promise that hey we're going to invest back in new and hopefully you'll have a better future oh yeah she's she's just the stupid old old the. bag she knows what to say to get people to write the checks is a good saleswoman but she's a she's she's an assassin because these policies are killing people with their collateral damage of risk balls exploding in people's faces and destroying their lives that's terrorism well the another banking species max is the famine victim hedge funds may sue greece if it tries to force loss so hedge funds are considering suing greece and the european court of human rights after greece said that they're basically demanding a fifty to sixty seventy percent haircut for these bondholders well i'm ok so the hedge funds are going to sue greece right now and then the european human rights court right because they know that they're the ones that are heading to the hague

in these human rights court so the best defense is a good oftens because they're trying to deflect their prosecutions in these human rights courts they're trying to deflect this nuremberg trial for hedge funds and private equity groups like like romney's bain capital because they know that they'll be at the head at the end of a noose so they take the off and they say oh it's the greek people need to be the greeks oh we're going to sue greece because we raped and pillaged them so going to show them i mean this is an old strategy and the greek people i'm sorry that your country has been sold to fresh food franchises and cell phone networks but hey five thousand years of history you had a good run well i just mentioned the famine victims here is that the banker who's had too many munchies i guess you could say over his lifetime surely president obama is joking about this have larry summers run the world bank thing so larry summers apparently has been is being floated as a possible world bank chief had floated floated yet like

a big giant macy's day balloon which which but the article points to a ron suskind book confidence men and it talks about some little bits from inside that book inside the obama white house and one of the interesting things is that apparently larry summers. threw major hissy fits when he was not nominated to be ben bernanke to be the central bank chief to replace alan greenspan in particular he got very angry with timothy geithner who didn't support his nomination so this is what he wanted to be he wanted to be the polar bureau in chief the fat cat top smoking those obama dollars who's a fatter pig is it larry summers or chris christie i have to look that up who's the biggest pig but you know the fact is that larry summers and the readers editorials in the financial times are preposterous because he keeps harping on about the same thing for years now we just need to increase demand increase demand increase demand

by stoking the markets with more credit and giving people more means to borrow more money to go out there and demand never to as you say that there should be maybe a supply maybe a supply of manufactured goods for example maybe savings that would create capital for your capital's model he never talks about supply he only talks about demand and how to increase demand as if we're living on a planet that can support hundreds of millions of people in the us and billions of people around the world all demanding stuff and borrowing money to get that fulfill their demand but never ever actually manufacturing a single thing unless you're at foxconn a hundred thousand sleighs making i pods and i pads all day so that people in new york and flash around central park with their little gadgets making googly eyes at each other even though they're supporting slave labor you know there has been a massive supply of financial products under him a massive supply of fraudulent financial products he was actually pushing alan

greenspan to be less regulating of fraud and alan greenspan was one of the maestro's of allowing fraud to flourish as a way to provide liquidity to the markets ok let's examine that for a second the supply of financial products that are all based on debt and debt is the killer. of the economy and people demanding more debt is not the same thing as fulfilling all supplied her with a demand curve this guy larry summers is an abomination everything touches turns to garbage he uses position in government to invest in things like square that new online start up company insider trading inside information market manipulation another terrorist christine legarde some of the egg to hang them all stay separate don't go away stay right there all going to talk about more stuff you to stay there .

welcome back to the kaiser report i mean states are but we're talking about the global preeminent. for financial terroristic gather and swap ideas about financial weapons of mass destruction out of blow up countries make money so what else you got for me those days are over well max we've already established that the

regulators bankers economists and all or all of your their stowed and their own money supply i think are showing up pretty convincingly. and they're all meeting in davos now here's robert johnson an economist and a former currency trader for soros another big name always appearing at davos and he says economy as a profession see how to keep economists from missing the next financial crisis notice that he says financial crisis is not financial crime wave and i think that's an important thing to think about here he says that it's all about the mathematical models in particular that we need to really look at the financial market models for instance he says tend to be constructed was building blocks that assume stable and anchored expectations but as far back as one nine hundred twenty one frank knight of the university of chicago made the useful distinction between measurable risk and unknown unknowns which he called radical uncertainty nice point was that in

a period of radical uncertainty expectations couldn't be anchored because they have nothing to latch on to well this is an ongoing debate in economics and finance and what people fail to understand is that the liquid. city the capital that's used to fuel capitalism comes overwhelmingly from the losers the people who make losing bets the people who make losing option bets the people make losing bets on all kinds of investments that money gets recycled into the economy and gets used by those who are able to make better bets to make better use of that capital if in fact you had an economic model that would give some predictability to outcomes then you would eliminate the entire see a speculative capital that forms the basis of what we call free market capitalism

so it's very premise is faulty to the core it shows a complete lack of understanding of markets and finance it shows a slavish devotion to academic theories that have long been discredited and it shows a major media who is incapable of challenging the charlatans what i'm saying is that he's failing to account for crying and crying doesn't fit into any financial model that we are presently using if i steal your rabbit that's not in any sort of model that is going to explain how to operate the global economy well that's not necessarily true because piracy as a concept is understood was the driving force for example of the american economy the term yankee comes from a version of the dutch word for pirate or thief because when america was started they stole so much intellectual property from europeans the entire internet.