everything is going to go right around the. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. download the official t. up location on the phone on called touch from the top story. the life on the go. video on demand. mind will become. an r.s.s. feed now in the palm of your. question on the dot com. welcome back here

with our two thousand mayor of oakland has asked courts to throw any occupy activists with a record of protests arrests out of the city her demand falls one of the most dramatic clampdowns on the movement in its history more than four hundred people were arrested when that what began as a peaceful rally against inequality and police brutality turned raw riot clad cops jumped into action firing volumes of tear gas and flash grenades at protesters hiding behind makeshift barriers bearing peace symbols dozens of people were injured including sorry police officers after demonstrators began throwing rocks at the police but sarah flounders from the international action center believes the occupy movement was like alarm clock for hard pressed americans. it's very much achieving its goals in terms of waking up the youth in the waking up working people in the us to the reality the reality that poor and working people are losing

more and more and that the one percent actually one thousands of one percent is gaining a normal new wealth so that they are very successful in drawing attention to that gannon again the media tries to bait this occupy movement has been violent the violence has come from the police and a broken piece of glass is not the broken heads that the police are inflicting on the occupy movement and that movement is very determined to continue and to find new tactics. and now let's take a look at some other stories from around the world historic talks between the u.s. and the taliban have reportedly begun in qatar we are discussing trust building measures including a possible transfer of prisoners from guantanamo bay up to eight taliban representatives are sad to have traveled to qatar from pakistan which had allegedly hold to previous attempts at such talks the afghan government which is directly involved in the process says it's seeking separate peace talks with the islamist

group in saudi arabia. thousands of people have gathered in central pakistan to demand supply routes used by nato forces in afghanistan are kept close as a lot of speakers at the rally called for in a pan and u.s. foreign policy and vowed to stage further protests if any attempt to open the channels as many border checkpoints stop supplies for nato troops in afghanistan last year following an airstrike which killed twenty four pakistani troops. ten people have been killed and eighteen injured in a highway crash in florida it happened in the early hours of the morning after smoke from a nearby brush fire combined with fog to reduce visibility on the road multiple vehicles were involved in the accident with some of them bursting into flames leaving wreckage covering almost a mile of the highway. well looks like we're up to date let's he was having a world of business here with.

almost twenty two minutes past eleven and you're watching business r.t. the world's largest element and producer ruffalo is cutting production for the first time since the crisis of two thousand and eight the company's c.e.o. and dr pasko told bloomberg the output nabeel lowered by six percent within a year and a half truths all drivable such as old coal and rio tinto are also decreasing production after the price slump through sol may close some of its inefficient production lines speaking exclusively to business or teeter pasco said he expects the prices to remain pretty weak for the first half of the year. we don't expect. significant from the next six months in the we're. not in the very bullish but optimistic for the second part those we're but it's a moment some of this market is quite stable course we come over. in the

positive transformation in the improvement do you see the slowdown in europe but it's the. russians innovation help skolkovo is welcoming its first stress events last november its management picked fifteen projects out of more than fifteen hundred applicants giving them free offices and one hundred fifty thousand dollars in startup capital school couples head victor outlines the plans for this year. we're going to call it came as a surprise but skolkovo managed to attract over one hundred fifty million dollars of private investment last year this year we'd like to double that figure for a large corporation it's not a lot but to get it for high tech and research orientated small and medium sized businesses it's very impressive. and let's now take a look at the markets oil first and it's losing value traders a cautious ahead of the european summit in brussels late on monday even tensions

with iran fail to support they were price iran's deputy oil minister said the crude could reach one hundred fifty dollars a barrel if the e.u. embargo of the country's exports comes a divorce in july the sour there under ninety nine dollars a barrel brand has slipped under one hundred eleven dollars. and now on to equities asia started the week with losses from many in mainland china on monday's the first day back after the lunar new year holiday and musters are disappointed with continued tight monetary and fiscal policy in china in tokyo exporters are suffering from a stronger yes to autos down almost one percent and hong kong the hang seng is shedding one and or a percent. and here in moscow the markets are shedding value in the second hour of trade in sympathy with asia the r.t.s. is down around half a percent the my sex is losing just a notch. and now on to the biggest movers on the my sex most energy majors are in

the red with gals from losing point two percent and banking stocks are mixed their bank is half a percent down while the tb is slightly higher. and now the currency rates are lower oil prices a weighing on the ruble it's losing both against the dollar and the euro and the euro is retreating against the dollar head of the euro zone summit. despite monday's apparent pessimism the week could bring games to the equity markets do. raul from says overall the sentiment could be quite positive. even with the correction i think the market will still see some sector shift from gas names into a banking stocks and maybe after a bit of a correction i think that these will be the names which investors will start picking up some more stock in also you know with regard to the first year flows

we're seeing more of money from exchange traded funds are coming into russia which is even a replacing some of the cash coming out from dedicated funds you know which indicates to me that global sentiment on russia is moving back towards a neutral or waiting since russia had been underweight since at least september of last year. of foreign investors coming to russia's overall milk production one of the world's largest agricultural commodity traders all along and a local milk producer will jointly invest up to five hundred million dollars in the industry that misty daily reports the two companies plan to build new farms which will be able to produce three hundred thousand tons of milk here. and that's all the latest from the business desk i'll be back in about fifteen minutes i'll see about.

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a soulless substance. can attack like a well trained army. villages in ruins. for thailand where time stands still. all becomes a scene of nothing. the mysterious sons of russia. martin.

who was shot four times in total in the air war as it were in. syria the bullets are still in my body. and people should be allowed to defend themselves wherever they own guns in the hands of law abiding decent people are not a problem national rifle association was a group of basically retired military police love to shoot holes and i'm sorry if you know that the bullet comes out here and this makes it go bang and what's in front of here is going to die and that's all the training you really really need raise your hand if you know something's been. ok place to live what i want to philadelphia only the streets. in jail live without a gun hopefully we will never have to use the weapons for self defense but we should be prepared in a full class including the teacher i think was. seventeen students.

and one of seven or so. ok back to are with r t here's a look at the top stories iran warns of an unoiled sales to some e.u. countries is still possible as a group of top u.n. nuclear inspectors started their three day mission in the islamic republic. dark clouds of war are looming over the syrian capital was heavy artillery fire heard on the outskirts and government tanks witnessed on the streets. back to brussels for e.u. leaders as a bloc rattled by debt crises seeks to fasten each member nation with a spending seat belt. prime minister put who gets down to business and comes up

was russia's move. in the latest article to back his presidential bid. for the top stories here on r t up next we have more discussion on our top story in our debate show cross talk as clouds keep gathering over iran peter lavelle's guest discusses were the going war of threats and sanctions may lead. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear sees some other part of it and realize everything you thought you knew you don't know i'm tom hardy welcome to the big picture.

and you can. start. following the welcome to cross talk i'm peter lavelle crude blockade and the turning off of the taps as the united states and the e.u. again sanction iran iran is also threatening to impose punitive steps against the western powers are we witnessing merely a game of chicken or a potential bomb ticking before the advent of war. and you can. start. to cross-talk iran and its oil i'm joined by john robson in ottawa he is a columnist in commentator for a sun news network and invited professor at the university of ottawa in london we have to settle me he is an international oil economist and technical expert with

the united nations industrial development organisation and in irvine we go to our bankers our day he is a professor of engineering at the university of california irvine are gentlemen this is cross talk that means you can jump in anytime you want and i very much encourage it but first let's go to john robson in in london the you pushing forward july first will cut off all oil exports into the european union from iran and it is calling the strategy to avoid chaos in the middle east isn't it just actually the reverse this will create even more chaos in the middle east this is counterproductive and actually it really actually provoke iran into taking some kind of offensive move that it hasn't to that to date. well the thing is iran is already taking as many offensive moves as it can possibly manage the fear of provoking aggressive regimes is one that's paralyzed the west throughout the twentieth century with terrible consequences i think the time for a showdown with iran is now rather than after it gets

a working nuclear bomb so why worry about the sanctions is there not enough there a substitute for a decisive action but they're certainly a step in the right direction nato what do you think about that it's a step in the right direction. no he's absolutely wrong they're not working on weapons the i.a.e.a. hasn't said that and it's definitely increasing the temperature in the gulf persian gulf area and in my opinion the u.s. congress and the united states government basically wants to have it at the certain temperature but not to boil over they want to have the tightening of the rope around the government of iran but at the same time they don't want to have any particular military action over there and so therefore it's a very balancing act that this point and that's why the joint operation with israel was cancelled for different reasons for that but certainly don't want to bring the temperature down to the level of simmering ok now if anything is good because it keeps the price so if i can go back to you i mean but isn't that kind of dangerous

i mean that's setting a a tipping point i mean if if now you get to a small mistake and then the consequences are enormous go ahead absolutely so they cannot pat themselves on the back because as you mentioned correctly it's very dangerous because one major minor mistake could turn into a huge problem and also as you know these wars can start easy but they cannot be stopped so it's a very dangerous position and people aren't usually the election purposes john when you want to jump in there. did did you say ran is not working on nuclear weapons that's what he said yes there are no reports i.a.e.a. reports does not say that maybe you know something we don't know but anything that is publicly available not privately or by the intelligence community the things that are publicly available and even the six intelligence organizations in two thousand and seven and eight on two thousand and eleven clap clap or if the head of

the i.c. basically told the congress that there is no effort on the on the weaponized nation at this time ok gentlemen that's what he said you can find a quote on the. money so let me if in london if i can go to you what about this oil regime that it could come into place here what we're buying what the european union wants to do and what iran is threatening to do today is monday and its discussion of cutting off oil to. the european union or the iranians doing the right thing or is it a bluff. i don't think it is a love i think it is a defensive measure or they could force the o.p.m. you know early on to look for it somewhere else at a higher price because the global oil market is sought by so trying to fly five hundred to six hundred thousand veterans which are imported by the european union will not be an easy job furthermore the gulf producers

including saudi arabia are not in a positive to all of said the loss of that oil because they don't have any spare capacity to be able to provide for the european union so we are in a very. difficult situation with the oil market very very tight ok john if i can go back to you i mean really what this is all about we had tim geithner going around the world last month getting countries to cut oil imports from iran and most countries are not going to go along with it but what the what is really the plan is really about nuking iran is nuclear program or is it really about regime change for over thirty years now well after four sets of sanctions this is the silver bullet right this is the one that's finally to take the regime down is that what the plan is. well i think that that probably is the plan for the simple reason that the iranian regime is extremely of not just an aggressive and you know the idea well they're not working on nuclear weapons they're just building

centrifuges in a fortified compounds away under mountains and enriching uranium and doing all the things you would be doing if you were building nuclear weapons but we can trust and i would have an easier job because he said if he wants to wipe israel off the map mr first round of his war against the west you just can't afford to ignore that kind of thing but it's just one example of a ranch thoroughly of not just behavior in the middle east and people say well if you attack iran the middle east will erupt and chaos will be war going on ok moffatt the countries around israel are doing everything they can and dare to do to destroy israel already it's not like making the mad is a danger you know this is like oh don't make hitler mad you know he might get aggressive the question is what range of threats to they pose and how can we deal with that you know they told the americans don't bring your aircraft carrier back to the strait of hormuz and the americans brought into said ok you feel like a naval battle you want to piece of us do you do it of course the iranians back down because they would have had i have been there that life you know what i mean the idea is i think we were down the regime before it does something terrible ok i think we got to nato if i can go to you i mean i right before the program i took

a look at look at a look at looked at a map of military bases the united states surrounding iran i mean my goodness there's a if you can call the regime of noxious if you want but it's certainly being threatened by the west in a very real way go ahead meet our. iran is israel is one of the most powerful nations in the world per capita per capita if you divide the number of nuclear weapons by the population is number one in the world it's even higher than russia and united states so nobody dares to attack israel this is just doesn't make sense but it's rambling this kind of nonsense is what the media and united states and some other places is going on is it changing the public's view of this is there is no record of this iranian government be tough on its own people and not treat them democratically but when it comes to externals countries they have not attack anybody two hundred years when the afghani regime the taliban's cut about twenty

ronnie and diplomats in missouri share if they couldn't even cross the border to attack them they are such a weak in terms of attacking other countries they are not interested in doing that they may have proxy wars with united said israel and that's not very good but in general the idea of the centrifuges that are in a safe guarded site in the tunnels which you cannot say that about israel's the facility that is breaking bob this is absolutely ridiculous going back to the oil as your guest from london said the capacity of saudis apparently from what i have read is about three to four million barrels so basically it will tighten the market so much and it will impact so the iranian government deciding to actually preventing europeans and bluff them and to actually try to remove all of purchases to them as soon as possible actually exasperate the economy of europe and it would definitely be a very defensive measure so all of this is increasing the temperature as i said earlier what they don't want in washington is the temperature going boiling over

they wanted to be simmering all of it to november two thousand and twelve because the obama administration needs to show to the republicans and the voters that is tough on iran but does not want to have a war at this time before november. two thousand and twelve so that's a very balancing act that is going on and it's all related and one mistake will change all of that let me in london. if it let's say it happens ok the european union cuts all imports of oil into iran well how will that are in fact the economy of iran will it break the back of the economy or is this just another round of sanctions that the iranians will just have to absorb the iranian economy is very dependent on oil exports the with the hold of. european union imports from iran will not very much affect the iranian economy

however if there is and tempt to stop iran exporting oil and that could only happen at the united nations security council and i don't think that is a possibility it will happen simply because russia or china that so we are talking hypothetically about defensive measures of shutting the state of almost iran has the can really to mine this street over what it was and cause a blockage to various tank atta's however they will never to do that except on one condition if they were prohibited from selling their oil in that case they would take the attitude that if we cannot sell our oil we will stall all oil exports from the gulf furthermore in an act of defiance iran is carried by barrel of sample of

challenging the us then nor are installations in saudi arabia which are out of the biggest in stations and they were and from which the nine p. pair of cent of saudi oil exports are loaded. what do you think about that john might before we go to the break here i mean is is this what you think this is plausible that the sanctions will actually work or are really right this is just a political move in washington to please the israelis and please the republican electorate well i'm puzzled by it because the thing is if iran isn't selling its oil to the european union it will be selling it to somebody else that person will then need to import less oil from elsewhere and that will be freed up for the europeans i mean oil is pretty much oil and so if the same amount is going into the world market the same coming out i don't see that a whole lot of spin achieved now if you get into a scenario where they start trying to stop raining oil exports altogether and then the iranians might want to attack saudi oil fields this gives the west a big incentive for a preemptive attack if the temperature around that show and i know john let me go

to a short break i'll go right back to you after the short break i'm sure schoenberg will continue our discussion on the future of red state with our team.

if you. still. want

to. welcome back to cross talk you know about too much you were talking about the oil embargo to be imposed on iran. and. started. ok i'd like to go back to john in ottawa i mean we hear in mainstream media and politicians like to use the term carrot and stick as if iran is a donkey or something like that but this carrot and stick approach has never worked it hasn't worked for thirty years why do you think it's going to work now oh it won't work this is just the way that western diplomats talk to justify not taking effective action but what i mean asia so john when we had one would be what would be effective action going to war is that effective. i think that's going to have to happen look mom would want to bring the hidden even out of a well by doing something spectacular and destructive to enemies of islam and this

is what motivates him this is a crisis not of the old soviet leadership who for all their misdeeds were at least atheist so they believe that a nuclear war and death was an end and failure and many energy i think is dying in a nuclear war for allaah will get them to paradise what incentive do you have to bring to bear on him what carrot can you offer him to compare with that so you have to be prepared to stop his military efforts if i can tell you something really dangerous ok now go ahead please do. then he has never said that he wants to die in a nuclear attack this is absolutely not true this is the kind of thing we heard from the ill informed irresponsible republican nominees like michele bachmann that he said they was going to use nuclear tipped missiles to hit israel he has never said that even if he says that what the sixteen words that they quote it is he's not in charge he's not the one who makes the decisions and isn't it interesting that when he says those things they believe him when he says we don't have nuclear bombs we don't believe in it so we just selectively cherry pick what we want.