tv [untitled] January 25, 2012 2:18am-2:48am EST
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thing is. i don't know i guess it's a bit more tricky it's a combination of knowledge experience being aware of the current situation in the country and the world wide and intuition added together all these things enable you to make the right move. india's labor laws promise full time workers a range of benefits from decent wages to paid holidays but those from the country's poverty stricken regions aren't always so lucky lawyers have found a legal loophole leaving many workers exploited through the fear of losing their jobs at any moment pressure to report. it's got one of the fastest growing populations in the world and getting india's eager young workforce into skilled jobs is no mean feat business tycoon mini shopper well thinks he has the answer a temp agency that trains and then tell its labor. was existed all over the world temporary stuffing so good but what we've heard somebody of the five minutes for
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the last five years filling posts and bringing home a paycheck it sounds like a perfect match but for indian firms there are extra more dubious benefits india's tough labor laws make it hard to fire workers plus permanent staff get decent hours holidays and a living wage none of which apply to hiring temps it's a cost cutting gifts keeping employers smiling all the way to the bank india has always been a famous destination for foreign companies to outsource their work at a cheap cost but a growing trend here is for indian companies themselves to outsource their work force to agencies like tim lee instead of hiring workers for themselves everywhere from malls to restaurants in india are using agencies to hire and manage their workers for the shopper while insists his workers do benefit vital training they are unlikely to get in india as many poverty stricken regions in the woman who film you know who really cannot afford to buy the expensive education it's going to be
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for who have those skills but. they don't have the grooming them because some pawn three agrees she's in her old and one of the many nationwide team lease training centers to improve her english skills and enroll in a computer accounting course to make her stand out from the crowd to potential employers. the major coffee i was very warned to nervous about sitting for job interviews i'm not fluent in english so i wanted to be can english get motivated and gain some confidence but critics say jobs people like some end up in should be higher paid and permanent and because the agency keeps the jobless figures down many believe it's bloody india. boy tackling it's labor law to me which lets firms get away with dire wages and sacking staff on a whim but shopper will insist the priority for those on his roster is putting bread on the table and that is really where we came in and said that look a job is better than no job and employers were not hiring people because they were scared of him because they were not as we were saying look there are lots of kids
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who actually are not trying to move off employers or use the law as a weapon in their hands to hit employers they're just warned an opportunity to get a job preassure either r t new delhi india. probably back with a recap of our top stories just a few minutes for first look at latest business with creating just a. wealthy british style. market why not. why not what's really happening to the global economy with mike's cancer or a no holds barred look at the global financial headlines tune into cars
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a report on r g. i welcome to business update itself acts for joining me entrepreneurs are searching around the world according to a new report by the global entrepreneurship monitor that's not the case when it comes to russia over seven thousand people were surveyed in the country and the findings show that russia is lagging behind not only the brics peers but also the majority of eastern european countries martin acosta has more. there are almost four hundred million business men and fifty four countries and about a quarter of them are planning to add at least five new jobs over the next five years and we're talking about countries like brazil china australia and the united states now when it comes to russia the picture is pretty grim the number of new firms account for just five percent of businesses that's the third to twenty five percent in china which places it at the bottom of the list of developing countries
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and russia is also slacking when it comes to internationalize ation with fewer businesses offering their goods and services to foreign markets at municipal level . corruption. when you suppose should get more taxes from small business at this point all the taxes almost all the taxes go. figure a little and then some of taxes go down but there is a subsidy it means there is no there were the input for what we should pull forward from the development of business and they should get this started this would get this money you can use they will see you there it through rationing very pleased between the number of small businesses effectively for small businesses and their budget. a high level of has. the majority of small and medium sized businesses do not believe there will be a positive change and this is of course a bad sign for government plans to diversify the economy away from raw materials
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and make it less vulnerable to external financial songs. almost half of russian c.e.o.'s are very confident of growth over the next year cording survey by pricewaterhouse coopers that's lower than at the beginning of two thousand and eleven one sixty percent were predicting good times ahead global peers are even less optimistic with only forty percent of forecasting growth in two thousand and twelve the survey has presented and doubtless talked. let's have a look at the markets all rise above ninety nine dollars a barrel as australia says it will join europe and iran oil boycott rising stockpiles in the u.s. are offset by concerns that iran could disrupt shipping in the persian gulf. now onto equities asian stocks climb as fears about prospects for the eurozone eased stronger than expected economic data transmission over one percent on the back of a weakening yen and that's boosting earnings for exporters the hang sang it's
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closed for a public holiday. here in russia markets rise in the first minutes of trading one and a half percent of them isaacs is. nearly one percent with banking and energy stocks among the get the main gain as let's have a look at the markets movers all of them isaac's banking stocks are rallying on improving sentiment about the eurozone debt crisis bank is the top gainer on them isaac's it has jumped nearly three percent russia second largest lender is adding one point four percent this hour and all major role snapped is up three quarters of a percent. market watchers claim this year is likely to be volatile for investors emerging markets look appealing if we look at fundamentals which remain strong among the brics economies but risk of pressure coming from the e.u. crisis that is fueling the spread of global recession chief economist at deutsche bank russia. looks ahead of to two thousand and twelve. in terms of the
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dynamics of two thousand and eleven despite the very significant blows to global financial markets russia wasn't really a laggard and actually throughout most of two thousand and eleven it performed average other emerging markets but of course one of the supporting factors was will prices and i think for the very near term this is the big question on the minds of a lot of investors will these high oil prices persist them hence act is a question that. continues to favor russia over some of the other merging markets out there. belarus appears to be pulling out of this severe crisis which crushed its national currency last year its getting three billion dollars support from an anti crisis fund set up by regional states including russia and the deputy chairman of the your asian development bank said tell of says it's explained
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how the country's prospects have improved and the risks that still remain the program of bill it always is close to seven percent of g.d.p. of this country this is ample amount of resources so given. the current account of the country is showing first signs of improving. a historically high international reserves which is very close to two months of imports villagers had never we see clear signs of stabilization in billups the challenge to as well as to all countries including russia and kazakhstan is how the global economy will shape up in the in this year and that's all the business is for now but the german for two minutes from our. up.
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we have seen the damage it has done to our environment mark chemicals what the poor props we do not want anymore a new deal molds. our core system it's just there was a does more experience and i'm just i'm just appalled but that's allowed to go on america. we are getting this unfortunately because we don't
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know what's in it there's no labeling there for it being used like a board to experiment to be used as guinea pig. oh now we have more questions than we have had three guards in like. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada as. a giant corporations are old today.
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here with r.t. the main stories we're covering for you this hour barack obama pledges another program for change during his annual state of the union address that is approval rating suffering and the republicans turning up the heat the president is trying to ratchet up support for reelection in november. in libya gadhafi loyalists claim they've seized control of the town of bani walid and abolish the government appointed military counsel the country's interim that is admit not sure who's
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really in charge of the city saying the violence was caused by internal problems. and coming full circle interest square thousands of egyptian protesters angry at the lack of reform are expected in central cairo countries marking the first anniversary bits popular uprising that toppled president mubarak. join the people of l. and his guests as they debate egypt's future a year after the revolution cross-talk is up next. wealthy british style. margetts weiner scandal. find out what's really happening to the global economy cars report on r.g.p. . and.
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below him a welcome to cross talk computor all about egypt's unfinished business a year on the revolution that youth activists spirit it appears to have stalled the military rulers who replaced mubarak seem to be exploiting opposition splits and popular fears of chaos to shore up their power and confine the extent of change is a counter revolution now managing egypt. egypt. cross-talk change in egypt a year after the revolution i'm joined by bradley blakeman in washington he was a senior staffer in the administration of george w. bush and currently a professor at georgetown university in chicago we have david faris he's an assistant professor of political science at roosevelt university all right gentlemen this is crosstalk that means you can jump in anytime you want and i very
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much encourage it but first let's see what's happened in egypt a year on. the iconic séance of the egyptian revolution shook the middle east and the west by the magnitude of the events and the dramatic changes that followed it tolls started with a day afraid when thousands suffer gyptian took to the streets of cairo with a very clear intention to end to the thirty year rule of their leader hosni mubarak the most fail is stood their ground in the thick of the. deadly clashes until their primary demand was met the political turmoil cost egypt hundreds of lives and an economic turndown however didn't give into mubarak's reforms right through the crowd made it clear it could no longer accept the status quo and it took them eighteen days of protests to get this message across finally mubarak stepped down nevertheless overthrown leader left the country in the hands of the military. many people think nothing has changed in egypt one year since the revolution. is
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different now at this stage however and its policies haven't changed the country now is no longer governed by power those who held power in the past are now trapped in defensive oppression imprisonment murder all of this is evidence of the confusion fear and horror they are feeling the critics agree it's very unlikely that and it's serious reforms which take place while the council is there even after the parliamentary elections the muslim brotherhood freedom and justice party the twelve that may try to say it's is predicted to have a hard time addressing social and economic problems and to scoff nonetheless the country's domestic and foreign policy will change going to be a much more religious conservative place and much more hostile to the west well some experts are convinced shari'a law will be forced in egypt others believe in the rise of moderate islamic parties whatever the parties that have long been
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marginalized will now have to be dealt with so far egyptians have demonstrated exceptional determination to build in egypt and elbowing their way towards a more just society but one here on the revolution isn't finished it's may take another year of uprising to really own the change and whatever egypt does will be closely watched and even exemplified in the region even though the consequences are yet unknown in this at the trauma. cross talk our team. ok bradley if i can go to you first i mean one year on what has changed in egypt because you could make the claim that it's the mubarak regime without mubarak that's really the the biggest difference between now and a year ago would you agree with that. well it remains to be seen i think they had a raucous start to their parliament. you know it was reminiscent really of the birth of america took us to levon years to get our act together after our
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revolution so it's going to have to take some time to shake out the muslim brotherhood is in charge we still have presidential elections to be had and the military needs to step down and the west should really come to the aid of the egyptians now when they need it the most especially on the economic front and give them the kind of a that will help their people get on their feet that's what they need now and let's give it some time to shake out but a lot of changes have already taken place a lot more have to do and i'm cautiously optimistic that the egyptian people will find their way ok david if i can go to you i mean in light of what just bradley had to say it seems to me and i'm going to be a cynic of that's my job here is that the u.s. the west and they they feel very comfortable working with the egyptian military they have been partners for decades right now and they're still having the same kind of relationship minus mubarak so the status quo is is quite convenient for the
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west right now and the military doesn't really want to go i mean they're putting up roadblocks at one after another we'll see you have we have a presidential election and people say that they the candidate will be chosen by the military they'll get their man in will be business as usual what do you think about that. you know i think there's the there's something to that but i also think we need to take the long view here and think about what egypt looked like a year ago today before the revolution you had a regime in power for thirty years that employed something along the lines of two million internal security members and that was swept away by a by a popular uprising and i do think that an enormous political changes in egypt i think i don't think it's fair to say that the status quo reigns because a year ago you wouldn't have had free elections you wouldn't you would never have had a parliament led by the muslim brotherhood the freedom and justice party being seated absolutely and. and going to the parliament and having this iraq as debate on the
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first and it was iraq yes but i mean democracy is a ruckus so if you look at any particular day on the house of commons in the u.k. you see a kind of similar ferment so i don't think that we should be that we should be frightened by what's happening and carl and i and i don't think we should be frightened i think and know it it's not being frightened i mean it is it's going to have an effect ok because if i go back to bradley i mean if we have this very strong president and again this is we'll see what's written in the constitution the writing and the constitution before the presidential election if it's going to be a very strong presidency then it's still going to be the same more or less what we have right now and i'd like to point out what another huge change since a year ago is the economic situation is very poor so again i mean the military just is not going to want to leave we all know that they have a huge vested interest in the economy are they going to divest themselves from the economy that seems very unlikely. well it's a good idea but not on the ground we also have to say i don't want to live well
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it's up to the newly elected president. to get their economic house in order and we can help in that regard they need about three billion dollars of capital immediately but we should do it like a millennium fun and not just give it out right we need to watch it we need to treat it as trust money to make sure that it's being spent properly and gets to the people it's intended use we've we've been down this road before with pumping up governments that we thought would be friendly giving the money outright and the money was used against us so i think we do have to join partners with the with the european union with our friends in the middle east and we have to use our best efforts now to help the people of egypt and let the government make the changes they need to make and also put pressure on the military to stand down and hopefully the presidential elections will be one that will be free and fair but they were off to a good start i think i don't think we should be too pessimistic with a raucous parliament start i think that that in a way in a way was
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a good thing i mean you don't expect things after thirty years of dictatorship to be. lockstep you need you need that give and take of government we see it in our government all over the world in free societies it's a good thing ok if i go back to david what about the muslim brotherhood is that you know there are a very powerful force now at least politically in egypt and if there's a free and fair election in the military doesn't get in the way too much we may have a candidate from the same organization and now if we look very carefully at what they have to say they're not particularly friendly towards the west or not particularly friendly to the united states because they back to dictatorship for thirty years i mean what kind of relationship would a muslim brotherhood egypt and the west have particularly the united states well i mean it was first of all i don't think it's quite fair to say that the brotherhood back to the dictatorship for thirty years i mean no no i said no it's a western t.v. and i don't know that it's a lot of by. sometimes you know the united states supported the dictatorship not
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the muslim brotherhood they were actually sure by the way i'm sure that the us administration is not i'm sure the us administration is not is not happy by the share of the seats one by the brotherhood party and by the newer party which is the vehicle of the salafist. but i think that we've known i mean if we had a clear look at what was going to happen from the first day of the arab spring we knew that the brotherhood was going to be the group that inherited power and post mubarak egypt and they haven't given any indication so far the they're going to pursue. for a tarion party is in fact they're playing the sort of more moderate foil to the to the nor party and i think it would really benefit the united states to work closely with with the freedom and justice party and its leadership to try to hammer out some kind of a loose consensus. foreign policy goals and things like that it will be a more contentious relationship there's no question because there's nothing easier than than working with an authoritarian regime that you support that you and i mean
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we impose and i don't think there's any and that's changed but there's no indication that they're going to be authoritarian why is there assumption that they're going to be authoritarian i mean they will played a very positive role during the revolution they've played a very moderate role since then but everyone every gets the jitters in the west you know when they hear this organization could be calling the shots real soon and we're looking at foreign policy as you pointed out and of course israel is brought up. sure well i mean we have a we have a thirty year discourse that was actually you know propagated by the mubarak regime that it was effectively you know it's us or it's the crazies leninists you know and so that's been the discourse in the u.s. and because the brotherhood is a bit less accommodating on foreign policy issues like israel there is there's a great fear i think in policy circles in the west the brotherhood is going to sweep into power overturn the peace treaty and pursue a much more aggressive foreign policy but i do think that as long as the military is kind of lurking in the background which which they've given every indication
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that they're going to continue to do that they want to maintain a set of privileges extra-constitutional privileges that they're not going to give up at least not this cycle i do think those fears are a bit overblown. in terms of what might actually happen once the brotherhood takes power assuming that they even win the presidency right which is not which is not a foregone conclusion but what do you think about that you are more afraid of the egyptian military or the muslim brotherhood. i'm going to both the military have a very good track record go ahead with the military does have a real good track record with the people as you pointed out the massive security apparatus of the last thirty years the intelligence services the police the military what the real wild card here is how when the gyptian parliament the new president the military be dealing with israel it's not so much how they're going to be dealing with the united states are they're trading griezmann agreements on the
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welcome back to cross talk i'm peter lavelle to remind you we're talking about the revolution in egypt one year on. and you can. start. in its case very interesting john i know in reading some of the media coverage of the revolution when you're on the up and not really american but more like british and european is it to instead of this kind of dichotomy we have the muslim brotherhood in the military it looks more and more like there were in cahoots with each other ok and particularly when writing this constitution now do you think that the the the democratic element of this revolution is being swept away by these two major forces because they're going to make a deal and it's not necessarily a deal it's going to be very public because the military doesn't want to be very open about it because we all know about their privileges so if i go to you on that david i mean so maybe it's just the cut you know it's not the extremes it's two different groups together that are very different they're going to make a deal with each other and that doesn't necessarily mean it has to be democratic.
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well i think that i think that there are actually great tensions between the brotherhood in the military on a number of issues including how much power the parliament will actually have so that i think to say that they're in cahoots with another but it might be a little bit premature because i think that there are going to be very significant issues you know after the parliament is seated and starts to try to pass legislation. the may drive a wedge between the military and the brotherhood the second thing is i think if you take the long view on this a lot of revolutions a lot of democratic transitions take several cycles to kind of shake out the authoritarian elements so i don't think that we should be surprised or even that alarmed if the military does remain retain some of its privileges because what we've seen again and again over the past year is that social forces will take to the streets to press the military on some of these issues if you if you think back to when the military said it was going to turn over power to a president until two thousand and thirteen.
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