at that time for a look at the headlines our hair naughty flight recorders are examined to gain a crucial insight change the last minutes of a plane crashed in western siberia feel the aircraft. before takeoff. un peace envoy kofi annan convinced his presence on an april tenth ceasefire. funded rebels willingness to stick to their sort of on. a risky tour and losing everything growing number of audience turning to gambling to make their

fortunate tough economic times. when next he talked to prominent american economists about the current state of the world's finances and we're heading next. party sitting down with richard wolffe american author and professor at new school university his new book occupied economy challenging capitalism hits shelves in the next few months this war thank you very much for staying down to speak with me thank you very much for giving media to me two years ago you said that the crisis will take not just a few years but much longer to overcome it is the common belief that the so-called financial crisis is basically over the one that started in two thousand and eight so where do you think the u.s. economy is right now i think the way to answer that question is to recognize that

this crisis is a crisis of the entire global system and where it is extremely bad at one moment it will be relatively easy or another as the symptoms move around for example the united states was in much worse shape in the first two years two thousand and eight and two thousand and nine compared to europe two years later the years two thousand and ten and two thousand and eleven reverse the united states is not the extreme problem europe is and the financial crisis that we talk about is as severe today in europe as it ever was in the united states the banks in europe for example are in such trouble that almost nobody is caused by a european major newspaper which someone isn't talking about will we have our own lehman brothers type of collapse the way we did here in the united states for both of the periods the two years the america was worse for two years that europe was worse brazil china india russia the bric countries and so on we're doing real well

they're now in trouble so my advice is for americans count their chickens that are not hatched be we're that the crisis that was buried here then became there somewhere else is heading back here to give us as many problems now. as we see the europeans having but we'll have them a little bit later the housing industry the united states big improvement until about a year ago where it's flattened out and now it's going down and that isn't as important a shaper of the future of our economy as ever the uptake in the automobile industry is so the jury is out it's not at all clear that we are anywhere near out of the woods and it would be even more difficult for americans if they got their hopes up at a time when there really is not yet the the foundation for doing so it was world war two that tragedy united states after the crash. itself that was the case was george

w. bush and his successor are not doing the right say by pursuing morris and in some cases currently considering new ones but i think the difference is in world war two putting aside the specifics of that particular war the technology of warfare meant that if you're going to fight a war you're going to need millions and millions of people we have billions and millions of unemployed people we basically took half of them in one thousand nine hundred forty one and put them in uniform and the other half we put into factories to produce the uniforms and the guns in the bullets and all the rest today warfare for political and technological reasons does not require large numbers of people it is both politically dangerous to get large numbers of people involved and it is not necessary for the kind of high tech warfare that we now specialize in as a nation so warfare isn't going to do the job or the wars in afghanistan and iraq and even the one threatened with iran now are not the kinds of war that will soak

up the unemployment in the united states and so it doesn't represent itself as a solution you're going to have to find some other way to take nesses of people and give them work and i don't think the private sector is up to it we've had five years in which the president first bush and than obama. told us about the incentives they're going to give the private sector to hire people the inducements they gave all those incentives they gave the inducements and the private sector basically decided keep the money keep the incentives don't hire the people so at this point if you don't come up with a real employment program you're not going to deal with a problem and war isn't going to do it unless we are thinking on a scale that is really outside the realm of what is safe for even the whole types how much do you believe the global economic turmoil and that the world is really going there is a product of wall street as oppose to main street let me be as strong in this as i possibly can because i've been asked this question often this is the problem of our

economic system it is not the fault of wall street more than it is of anybody else i understand on the left in the right and even in the center there's a desire to pin the the donkey the tail on the right on to find a scapegoat blame somebody so if you're a conservative you blame poor people who take out mortgages they can't afford if you're on the liberal side they're angry at the bankers who after all gave them those mortgages out of their own greed and their own desire to make a buck i don't think that's the way the game is played i think poor people middle income people and rich people try to make a way for themselves in the system according to the way the system works but it is do what the banking system has them do and the same applies to everybody else when all the different people in a system act according to the rules of the system and the outcome is a bad arrangement then it's the system that's the problem actually part of our strength arguably. could have krakow on the political support to deal

with the one percent if we wanted to why hasn't he done that my feeling is that i don't know barack obama that well but that if he were sitting in the room he would answer something and i think i'm persuaded by this answer if the occupy movement were stronger. if it had been going for several years rather than for several months and if it had gathered the kinds of support that for example was gathered to push franklin roosevelt to changes politics in the one nine hundred thirty s. then i think mr obama would have done or would do the same thing franklin roosevelt was elected in one nine hundred thirty two as a center of the road democrat rather like mr obama he came in talking about balancing budgets and all of the rest he came here about giving incentives to private employers to hire within a year and a half of taking office he goes on the radio and he says the private sector has not

hired the people we now have tens of millions of unemployed the unemployment rate in the winter of one nine hundred thirty three thirty four was twenty five percent three times what it is today and he said ok if the private sector isn't going to do it i'm going to do it and when he was asked how dare you he said there is no option he said look around you the cia old a congress of industrial organizations was organizing tens of millions of american workers it was the unionization drive we had never had before in american history and we've never had it since seizing occupy wall street isn't big enough that's right well it's not big enough it's not cohesive enough it hasn't cracked enough people it's gotten majority support in the polls the sympathy is there but you've got to translate the sympathy into the mobilization that could go to obama and say you must do this or else in iraq and in europe we've seen by our arts coupled with

our staring russia at the end it's the people that are being squeezed and suffering across the board on how much longer can that continue it's the sixty four trillion dollar question and the answer is it will continue only so long as the mass of the people permit it it is in a sense a game of push. the greece situation in greece which is a kind of touchstone there all americans should pay attention to because if we're not very careful that our future being played out before us yes greece they can't pay their debts we can't either the debts of the united states today we are the largest the most heavily indebted country in the world our debts are in excess of our g.n.p. that's the problem that one problem got bad for greece when its total that one above its output we're already there we have a very serious problem we do not have

a plan for solving it any more than the greeks here the hope of the rich and the corporations is that they can get enough time to kind of work it out disperse the costs among the people and made the slither through the risk that they will have miscalculated and you can see it already in the eyes and in the words of certain of them warren buffett in the united states one of the richest people warning the rest of the rich people in america pay more taxes give the government the wherewithal to help people or else the system that made us rich is going to collapse those are signs of warning that ought to be taken a lot more seriously than the dismissal that his fellow wealthy people have mostly given it you know for a long time in the united states the ideology the ruling way of thinking is if you make the money. lord knows how you do it if you make it it's yours and you're entitle to it and this myth our gene this notion that i have the right to hold on

and to make as much as i can and to keep as much of it as i possibly can is making everyone who plays in this economic system all over the park with it if i and if i'm not forced to i'm not gonna so whatever gets done don't touch mine don't touch not with that mentality you don't face the seriousness of the problem and you run the risk as buffett and others have warned and he's not the only one if you don't you will miss a chance to give up a little. and you'll pay the price of having to give it up altogether communist capitalism have a future but you know the great defense of capitalism all my life as a professor of economics and in the united states the ultimate offensive capital of them was always well yes it may have this or that floor plan capitalism delivers the goods the rising standard of living american working people have a car

a vacation all the rest ok let's give capitalism that for a long time it delivered the goods with its flaws but over the last five years it's not delivering goods it's delivering one barrier through another falling government services falling real wages falling employment opportunities rising debts for our students rising debts for our people i mean at some point the very system you gave praise to when it delivered has to be given the criticism when it doesn't otherwise you're not being serious and i think we desperately need to ask and answer the question is capitalism whatever its virtues in the past able to deliver the goods now and it's not and i think it's clear that inspired what changes have to be made or maybe are we finally mature enough as a nation to aerschot the question can the united states do better

than capitalism and europe are coming out. of the economy challenging capitalism k. answer some others but yes i tried to show some of the new ways to organize a reorganize our economy that would avoid the problems we've now seen learn from our experience and begin to move in a different economic direction and i think that's a reasonable way i don't expect everyone to agree but what i mostly hoping for is to reignite a national debate and discussion. let those who like capitalism defend it but those who criticize what's wrong and offer some alternatives and i try to do that in the book and i have to leave it there thank you very much for speaking with r.t. my pleasure thank you.

bill. flight recorders are examined to gain a crucial insight into the last minutes of a plane which crashed in western siberia this winter feel the aircraft was in the ice before takeoff. un peace envoy kofi annan says present upon or an april tenth cease fire as doubts grow in the arab funded rebels willingness to stick to their side of the bargain. last risking it all and losing everything or a number of trillions turned to gambling on cheap tough economic times. with all the sports news now from.

hello there good to have you company and these are the top stories advantage of on guard the hawks dismantle truck tour to take it to one seriously and make a playoff semifinal. last month united extend their lead at the top of the english premier league with a tuna win over black. barcelona prepare for a must win game against ac milan is the second may exhibit champions league quarter finals get underway. but start over the k h l semifinals where on guard have taken a chew one series lead against tractor or after a narrow one nil when the last night on guard were without ford. care who is postseasons points leader but they didn't need him in his truck soon after the first interval his goal making all the difference in arms given god the overall series lead trapdoors front man you could have sent the game into overtime that is

powerful last gasp effort was saved by carrying her ammo to finish goaltender notching up his first post-season shot back well tonight to normal moscow could put their place in the final of the good guys are in cup they lead their series against carson petersburg three nil only just one more win to go through and will have home advantage receiving scratch. well in football man she knighted have gone five points clear at the top of the english premier league after two know when black it wasn't easy though blackburn holding out until the last ten minutes before antonio valencia and ashley young scored the vital goals for united when putting them five points clear of viable stanch to city while blackburn slipped into the relegation zone. i think from unities point of view. you know they'll get to me. minutes you'll probably want to with control you know because we were. we were given a good positions off the ball for street number one we were clever on the break and

you know we'll disappoint a bit then just hang in there for five or six minutes because if we that would become florida got a point but your point of view or no look it's related to do as a favor you know a couple games. back champions league action regimes the saving and a win will do for defending champions barcelona they take on ac milan at the nou camp in the second leg of their quarter final africa were strong the first leg bassa have to win this evening to make their fifth successive semifinal they are unbeaten fourteen games with twelve of those ending in victories a score drop that would put ac milan through and that makes passes game plan straight forward because. i think this is the most important game so far this year because if you want to remain in the champions league we need to win this is a final nor room for mistakes and it is difficult to manage because we score first we need to persist and score more goals with

a one no result yourself in every single moment you don't need to attack a lot but also remain vigilant in our area were special ac milan got another taste of a new camp during a training session on monday the last time they were here was in september when they dreamed to say with barcelona in the group stage and their captain is the man being another great performance. tomorrow's game will have to be pleased with the courage because that is you only way to face barcelona to face them one needs the game position of the ball and all the rest comes in second place when you are to come to the stadium and face barcelona with bravery is the first thing to do in football not anything could happen to him but he can put in cheese days of the quarter final by munich host marsay the german side the clear favorite with a two goal advantage from the first leg and they're in a rich vein of form after winning their last seven games however they will be without the suspended passion swine stiger believe the job is only half.

sister says roman from the results from the first leg is good security we haven't reached the next round here just like we scored two must see they can score here so we have to sleep very focused who have to shoulder so you quality you see in the last game everyone over. the last. i'm sure will get into the next round of us we've already won it but whatever he says not they do have it all to do they are on a terrible run of results having lost eight of their last nine games however their league game against non-pay last weekend was suspended to allow them to prepare for this game and they still believe they can cause an upset she overtly should she be chosen if i'm going to choose something worth so the team have to play it barely millions of books collectively and individually i can ever imagine but have are worried years of what we would like to do what of course we have to implement those gone the players. cleaning mar an italian city a four color has been arrested as part of an ongoing investigation into match

fixing atlanta defender atlanta defender andrea masse e.l.o. was taken to the prosecutor's office yesterday and italian prosecutors say eight of his former teammates are also under investigation baris last nine matches and city at last season are being looked into including the darby which massa yellow own goal helped let chase to neil to avoid relegation italian news agency and say claims he scored it on purpose in return for one hundred eighty thousand euros. now the news thousands of golf fans have had a sneak preview of the stars preparing for this week's masters in all custer and is the first major of the year and four time champion tiger woods is considered the favorite again after recently getting his first win on the p.g.a. tour for a bit two years he knows the course well in the hot warm conditions are likely to suit him although fellow american bubba watson believes any one of five could win this year's green jacket. as we know over the last three years anybody had

a chance to be number one if you're playing well and it's about five guys and playing great are you obviously tiger just when tiger going to be up there again everyone is going to be too from tiger tiger knows his course pretty well to know the course he's won a few times so obviously he's going to be up there on that list there's about five guys that everyone knows nickels and dimes he's won here few times there's a few guys who just played in obviously the matter was playing pretty good being as always been playing good so you know there's a handful of guys that we have already knows about that has a chance should be a fascinating contest now we will end with football because it is your chance to catch up on all the goals that flew in during this weekend's russian premier league so sit back and enjoy the old school. liz.

please liz please please please. please

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the the side that's how the sport is looking for the moment mole.

lines. would be soon which brightened if you knew about song from phones to impressionable some. new friends stance on teen. wealthy british scientists on. the type of. market why not. come to find out what's really happening to the global economy

with much stronger for a no holds barred look at the global financial headlines tune into kinds a report. you know sometimes you see a story and it seems so horrible you think you understand it and then you've lived something else you hear see some other part of it and realize everything you thought you knew you don't know i'm tom hartman welcome to the big picture. food. a filmmaker. an actor. and believe. the

director's cuts over real life made in prison on charges all. around the globe is to move.