three. three. three. three brought in video for your media project free media john darche dot com. get it try to look at the headlines now care about the west coast burning to dramatic fires in the city overnight one hundred sixty six stories of a skyscraper another killing fifteen people trapped in a burning market where. the. u.n. peace and where kofi annan convinced his present under an april tenth cease fire has doubts grow of the arab funded rebels willing to stick to their side of the bargain. flight recorders are examined to gain a crucial insight into the last minutes of fame in which crashed in western siberia

in the aircraft wasn't for takeoff. thanks to r.t. he talks to a prominent american economist about the current state of the world's finances and where they're headed next. party is 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 mr roth thank you very much for same down to speak with me thank you very much for giving me the opportunity to years ago you said that the crisis will take not just a few years but much longer to overcome it is a common belief that the so-called financial crisis is basically over the net 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 the 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 that the america was worse for two years that europe was worse i was ill china india russia the bric countries and so on we're doing real well there now in trouble so

my advice is for americans count the chickens that are not hatched be we hear that the crisis that was buried here then became buried somewhere else is heading back here to give us as many problems no. now as we see the europeans having but we all have them a little bit later the housing industry in 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 uptick 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 isn't much yet the the foundation for doing so it was world war two that tragic united states africa pressure on itself that was a case where is george w.

bush and his successor obama doing the right thing by pursuing morris and in some cases currently considering new ones well 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 millions 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 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 too 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 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 masses 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 then 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 gung ho types how much do you believe global economic turmoil that the world is currently going through it is a product of wall street as oppose to main street let me be a stronger than this as i possibly can because i've been asked this question often

this is a 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 and the right and even in the center there's a desire to pin the the donkey the tail on the right donkey find a scapegoat blame somebody so if you're conservative you blame poor people who take out mortgages they can't afford if you're on the liberal side you'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 trying to make a way for themselves in the system according to the way the system works bankers 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 occupy wall street arguably on care of cracow bottom of the political support to deal with

for one percent if he wanted to why hasn't he time now 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 under do it and when he was asked how dare you he said there is no option he said look around you the cia old the 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 the u.s. and iraqi bank balance coupled with our sorry national at the end of the people or

their people 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 when palm 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 did 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 maybe 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 but 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 gee 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 the part with it if i'm not if i'm not forced to i'm not gonna so whatever gets done don't touch mine don't touch mine with that mentality you don't face the seriousness of the problem and you run the risk as buffett and others have warned him is 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 callous 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 point 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 his still living one bad after another falling government services falling real wages falling employment opportunities rising paths for our students rising that's 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 if 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 they asked the question can the united states do better

than capitalism and your book coming out made called occupy the economy talent thing capitalism ok answer some of those 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 tell 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 sale authority my pleasure thank you.

please. live. i live i. believe. that speed. limit. i will i. will. sleep. sleep. sleep

sleep. lately. moskos burning to dramatic pause in the city overnight one happening sixty six stories of a skyscraper the other one becoming the capital's deadliest right yes fifty people today trapped in the muck at a warehouse. where essentially kofi annan convinces president assets on or in the april tenth cease fire as doubts grow of the power of plundered rebels willingness to stick to their side of the box. like reporters for example again crucial insight into the last minutes of the plane which crashed in western siberia distribute it a craft that wasn't until august before takeoff. and next the sports news

with i do fall more and slow thanks to a bit of a test not the champions league but i will be now knocked out of the competition if you don't beat ac milan are you good. chance is that when you can wouldn't we also look at the k h l playoffs where it could be a massive night for but i'm off scot free. hello there welcome to the sports and these are the headlines i vantage out on guard the hawks take a two one series lead over track toward the semifinals of pick a playoffs. last month united extend their lead at the top of the english premier league but had to know when i have a black bird. and barcelona prepare for a must win game against ac milan this is second leg of the champions league quarter finals get underway. and start over the k h l semifinals where i have on guard have

taken a two one series lead against track the war after a narrow one now when the last night out on guard were without their ford van care who is the postseasons leading point scorer but they didn't need him is to get a line instruct their soon after the first interval is gold making all the difference in order to give god the overall series a leap frog thought for a man you've got it was not soft could have sent the game into overtime but his powerful last gasp effort was saved by how to get ammo to finish goaltender notching up his first post-season shots that. was not the normal most vocal took their place in the final of the garden cup they lead their series against grass and take just the premier league just one more win to go through all out of home advantage for this evening's catch. but import united have gone five points clear at the top of the english premier league after two know when blackburn it was an easy day black burn holding out in the last ten minutes before antonio valencia and ashley young scored the vital goals for united win putting them five points clear

of i will say manchester city blackpool and slipped into the relegation zone. from unities point of view. you know they're in there with you thankfully in minutes you'll probably want to control you know because we were in a good. positions off the ball for street number was clever on the break and you know with disappointed we didn't just hang in there for another five or six minutes because if we that. the reader got a point but if your point of view and i look at related to do as a favor in a couple of games. well champions league action regimes the saving an earlier win will do for the defending champions barcelona they take on ac milan at the nou camp in the second leg of their quarter final after a goal is through in the first leg past a half to win the saving to make their successive semi final they are in between fourteen home games and twelve of those ending in victories a school draw would put

a sea man through and that makes passes game plan straightforward. as you mentioned i think this is the most important game so far this year because if we want to remain in the champions league we need to win this is a final with no room for mistakes and it is difficult to manage that because we score first we need to persist and score more because with the one the result you are suffering every single moment you know you need to attack a lot but also remain vigilant in our area was definitely in the home lang got another taste of the new camp to ring a training session on monday the last time they were here was in september when they carried same team with barcelona in the group stage and they kept in is the man being another brave performance. of. the morrow's game will have to be praised the courage because that is view only with the face barcelona in the face that one needs the game position of a bully and all the rest comes in second place to come to the stadium and face barcelona with bravery is the first thing to do in foot with anything good

happening to him but he did well in tuesday's of the quarter final by munich host marsay the german side to clear favorites for the two go advantage from the first leg and they are in a rich vein of form after winning their last seven games however they will be without the suspended bastian schweinsteiger and believe the job is only half done . run existence as ramin from the results from the first leg is good for good we haven't reached the next round yet just like we scored two must see if they can score here so we have to stay very focused who have to show the same quality as in the last game of written over the last few weeks and then i'm sure we'll get into the next round of us move on and i want to but whatever he says moss i do have it all today with they are on a terrible run of results though having lost eight of their last nine games however their league game against montpellier last weekend was suspended to that in this game and they still believe they can cause an upset. over the shock she had chosen

if we want to achieve something hard so the team have to play at their limits and you both collectively and individually like you never imagine what half our ideas of what we would like to do quite well for us we have to implement those don't have to. meanwhile an italian city a footballer has been arrested as part of an ongoing investigation into match fixing atlanta defender andrea massey yellow was taken to the bari prosecutor's office yesterday and italian prosecutors say eight of his former barry teammates are also under investigation parties last night matches in syria last season are being looked into including the darby in which massa yellow zone go. to neil to avoid relegation the telly news agency answer claims he scored it on purpose written 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 at all it 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 over two years he knows the course well and the hot warm conditions are likely to susie although fellow american bubba watson believes any one of five could win this year's green jacket whereas we know over the last three years anybody has a chance to be number one if they're playing well five guys have been playing great all year obviously tiger just winning titles will be up there and be cheering for tiger tiger knows of course pretty well another 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 everybody knows nichols and obviously when you're a few times there's a few guys are just playing a good all the time in obviously no matter was playing pretty good we've got i've been playing good so you know there's a handful of guys that we have there a knows about that has a chance and lastly we will end with football because it is now your chance to catch up on all the goals that flew ensuring this weekend's russian premier league

and this goes along. live live

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. that's all the sport for the moment secretary will be his show with all the news at all. the. motion would be so much brighter than if you knew about zoom from feinstein's transient some of. these for instance on t.v. come. on.

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