there are thirty live from moscow where it's three thirty pm the have minds moscow's are burning true dramatic fires in the studio overnight but one happening sixty six stories up a skyscraper the other killing seventeen people trapped in a burning market warehouse they became the capital's deadliest blazes in five years . here in peace envoy kofi annan and convinces president also to honor an april time cease fire as doubts grow over the hour funded rebels willingness to stick to their side of the bargain. flight recorders are examined to gain

a crucial insight into the last minutes of a plane crash. a plane which crashed i should say in western siberia was revealed the aircraft was on the ice before takeoff. a max charge you talk to a prominent american economist about the current state of the world's finances and where they're heading. r.t. sitting down with richard gough 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 staying down to speak with me thank you very much for giving me the opportunity to years ago you said that the crisis would 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 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 easier at 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 and banks in europe for example are in such trouble that almost no days goes by in the european major newspaper which someone is importing 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 brazil china india russia the bric countries and so on we're doing real well they're now in trouble so my advice is before americans count your chickens that are not hatched be we're the crisis that was buried here then became dead somewhere else is heading back here to give us as me. any problems now as we see the europeans having but we'll have them a little bit later the housing industry in united states big improvement until about a year ago it's flattened out and now it's going down and that isn't as important a shape or of the future of our economy as ever the uptick in the automobile industry is so the jury is out is 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 you said that it was world war two united states africa crash. itself that is the place

where is trust w. bush and his successor for 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 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 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 represented self as a solution you can have to find some other way to take nesses of people and give the work and i don't think the private sector is up to it we've had five years in which the president first born. 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 and 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 that the global economic turmoil that the world is currently is a product of wall street as oppose to main street let me be as strong than this as

i possibly can because i've 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 in the right and even in the center there's a desire to pin the the donkey the tail on the right bunkie 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 are 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 bankers do what the 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 our history. could give rock up on the political support to deal with the one percent as he pointed to why hasn't he done that my feeling is that i don't know on iraq obama that well but that if he were sitting in the room he would answer something and i think i am persuaded by his 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 change his 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 in about giving incentives to private

employers to hire within a year and a half of taking office he goes on the radio and 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 her how dare you he said there is no option he said look around you the cia oh 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 ceasing occupy wall street isn't big enough that's right well it's not pick enough it's not cohesive enough it hasn't cracked it 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 in europe with our arts coupled with austerity measures that the end of the people or their people scream 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 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 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 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 will all fall apart 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 mine with that mentality you don't face the seriousness of the problem and you run the risk as botha and others have warned it 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 counted as capitalism have a future well you know the great defense of capitalism all my life as a professor of economics and in the united states the ultimate defense of capital of them was always well yes it may have this or that floor but 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 is delivering one bad after another falling government services falling real wages for going 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 could live it 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 it's what changes have to be made or maybe are we. finally mature enough as

a nation to ask the question can the united states do better than capitalism and your book coming out now because occupy the economy challenging capitalism can answer some of those quite yet i tried to show some of the new ways to organize a reorganize our economy that will void the problems we've all 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 the 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 saying our party my pleasure thank you.

that's.

parties trump stories moscow is burning to dramatic fires in the city overnight with one happening sixty six stories up a skyscraper the other killing seventeen people trapped in a burning market warehouse becoming the capital's deadliest blaze in five years. u.n. peace envoy kofi annan says it convinces the president also to honor an april time cease fire as doubts grow over the arab funded gravels willingness to stick to their side of the bargain. white recorders are examined to gain a crucial insight into the last minutes of a plane which crashed in western siberia it's been revealed the aircraft was empty ice before takeoff. that's the latest sport with engine farmer stay with archie.

hello there welcome to the store good to have you company as always and these are the headlines advantage of on guard the hawks take it to one series lead over truck door in the semifinals of the playoffs. night to extend their lead at the top of the english premier league with achieving a win over. barcelona prepare for a must win game against ac milan as the second legs of the champions league quarter finals get underway. we will start though with semifinals where ivan got have taken a two one series lead against trackball after a narrow one nil wind last night when god without chavan picked up front he was the postseasons points leader so they didn't need him

a surrogate leanin here struck soon after the first interval in his goal making all the difference in order to give out on the overall series lead character was for a minute any question itself could have sent the game into overtime and his powerful last gasp effort was. say pike to finish goaltender knotting of his first post season shot at. well tonight the normal moscow could put their place in the final of a good car in cup they lead their series against garth in petersburg three nil and need just one more win to go through and will have home advantage for this evening's clash in football minds united have gone five points clear at the top of english premier league after a two nil win black it wasn't easy though blackburn holding out into the last ten minutes before entirely valencia and ashley young scored a vital goals for united by the winning putting them five points clear of vives managed to city while blackburn slipped into the relegation zone i think from unities point of view. you know they look at today and thankfully minutes. probably

were there with the goal was crucial because we were in a good positions off the ball for st louis was clever. and. disappointed we didn't just hang in there for another five or six minutes because if we did. the river got a point drop or to be remote it related to do as a favor in a couple of games. well champions league action regimes the seedling and only win will do for defending champions barcelona they take on ac milan at the nou camp in the second leg of their quarterfinal after a goalless draw in the first leg after a win then to make their fifth successive semifinal they are unbeaten in fourteen home games with twelve of those ending in victories a score draw would put ac milan three and that makes passes then plan straight forward because it is going to be the most important i think this is the most important game so far this year because we 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 you know that if we score first we need to persist and score more because with the one the result you're suffering every single moment you don't need to attack a lot but also remain vigilant in our area. and the lang got another taste of a new camp during a training session on monday the last time they were here was in september when they treat you with barcelona in the group stage and their captain is the man being another great performance. of the game will have to be praised the courage because that is you only way to face barcelona face them one needs the game position of the ball 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 football or anything could happen it is impetus and she's days out a quarter final by noon and hasten our say the german side because they are favorites for the two gali advantage from the first leg and they're also in

a rich vein of form after winning their last seven games however they will be without the suspended bastian schweinsteiger believe the job is only half done. for existence has room for the results from the first leg is good because we haven't reached the next round just like we scored two must see if they can score here so we have to sleep very focused you have to shoulder so you quality as you in the last game have been over the last few weeks. i'm sure we'll get into the next round of us who've already won or whatever he says a mass a do you 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 montpellier last weekend was suspended to a lab and a pair for this game and they still believe they can cause an upset. over the should she be chosen before going to choose something called the words of the team have to play. do you do it. would have are worried years of what

we would like to do portal worse we have to. be more literally in city our football has been arrested as part of an ongoing investigation into match fixing to defend under the mask the yellow was taken to the party prosecutor's office yesterday and italian prosecutors say eight of his former teammates are also under investigation baris last night matches in syria last season are being looked into including the darby in which massey yellow zone goal helped elect a win to me and to avoid relegation italian news agency and claims he scored it on purpose and return one hundred eighty thousand jewel rapes thousands of fans of golf fans and had a sneak preview of the stars preparing for this week's masters at all guster 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 does know the course well in the hot conditions are

likely to suit him well though fellow american bubba watson believes they're full of are in contention. well as we know over the last three years anybody has a chance to be number one and if they're playing well there's about five guys have been playing great all year obviously with tiger just winning titles and be up there again everyone is going to be cheered for tiger tiger knows this course pretty well another course he's won a few times so obviously he's going to be a player on that list there's about five guys that everybody knows mickelson dobbs he's one your few times there's a few guys they're just playing to get all the time and obviously one actor was playing pretty good you can't always been playing good so you know there's a handful of guys that we have everybody knows about that has a chance. in the n.b.a. where memphis had ended oklahoma six game winning streak with a ninety four eighty eight victory oklahoma started well enough kevin durant with a one handed jan giving them a seventeen eleven lead with four minutes left in the quarter but by the time the teams had reached the final quarter memphis is taken the lead and in no small thanks to o.j. mayo it came off the bench to top school with twenty two points he also landed the

final basket which is seconds left to make sure of the way in ninety four eighty eight down to memphis. and we will end with football because it is your chance to catch up on all of those that failing during this weekend's russian primarily it is coastal city. i.

live . live. live live. live live

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. and that is always full for the moment so we called wolfie right.

you know sometimes you see a story and it seems so for like you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm charming welcome to the big picture.

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