tv [untitled] April 3, 2012 8:30am-9:00am EDT
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at four thirty pm moscow time these are the top stories on our t.v. the russian capital was raj high two major fires overnight with seventeen people killed in a marketplace in moscow outskirts said the inferno came hours after flame struck the top floors of a business tower in which no one was injured. in his arm even shaken by a major corruption scandal involving the country's military chief causing a recent poll among india's foreign defense suppliers which could possibly give
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russia and upper hand. president misreads of zines a new long relaxing the registration rolls for political parties in russia that aims to diversify the country's political landscape but has still sparked criticism from some opposition leaders who say they'll be too many factions fighting for power. next up a prominent american icon in midst explains the world's battered 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 itself 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
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started in two thousand and eight 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 but 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 no days goes by in the european major newspaper where someone is importing about will we have our own lehman brothers type of collapse
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the way we did here in the united states for both of the periods the two years that america was worse for two years that europe was worse was ill traina 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 buried somewhere else is heading back here to give us as many problems no. 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 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 yet the foundation for doing so you said that it was
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world war two that rather united states africa crash. if cell that was the case where is george 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 in one 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 had 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
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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 the 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 that money keep the incentives to 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 for
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is a product of wall street as opposed to main street let me be as strong in this as they 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 in the right and even in the center there's a desire to pin the the donkey the tail on the right down here 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 try 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
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a bad arrangement then it's the system that's the problem occupy wall street argument really. could care of proc obama political support to deal with the one percent if he pointed to why hasn't he done that my feeling is that i don't own 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
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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 he says the private sector has not hired 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 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 seizing occupy wall street isn't it enough that's right when it's not big enough it's not cohesive enough it hasn't tracked 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
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mobilization that could go to obama and say you must do this or else and. our coupled with austerity measures. the people they're 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 that 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.
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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 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 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
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make the money. lord knows how you do it if you make it it's yours and you're entitle to it and this with 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 for part 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 my with that mentality you don't say he's 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 chronicles capitalism have a future well you know that 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 flaw but capitalism delivers
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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 a living goods it's the living one barely after another falling government services falling real wages falling employment opportunities rising debts for our students rising paths for our people and 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 be asked and answered 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 it's not what changes have to be made or
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maybe are we. finally mature enough as a nation to ask the question can the united states do better than capitalism and europe are coming out now called occupy the economy challenging capitalism or do you answer some of those 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 we have to leave it there thank you very much for saying our party my pleasure thank you.
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party's top stories the russian capital was rocked by two major fires overnight with seventeen people killed in a market blaze in moscow outskirts the deadly inferno came hours after flames struck the top floors of a business tower in which no one was injured. india's army's been shaken up by a major corruption scandal involving the country's military chief is causing a reshuffle among india's foreign defense suppliers which could possibly give russia an opera house. and president medvedev signs a new role relaxing the registration rules for political parties in russia that aims to diversify the country's political landscape but it still sparked criticism
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from some opposition leaders who say they'll be too many functions bidding for power. case here next on our seat with the latest court. hello welcome to the latest sports to the headlines. crunch battle there's a must win game for starts in petersburg this tuesday ousted imo moscow need just one more playoff victory to go through to the bar in talks on my goals. while forging ahead manchester united played a late to no when it struggling but then close high school it's the talk of the english premier league it's seven games remaining. on the italian job holders goss alone of the padre must win game. in the second leg of the champions league quarter finals. the first let's start with arsenal he and the play offs where did all my
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most go are on the verge of reaching their goal and cup finals. for the full straight time this tuesday night well that i will also have over violence which in this clash was skull coach kneels riga has urged his players to increase their discipline it's better to stage a miraculous comeback in the season if you get led unflavored apple out to the finals blocked whose fault was it number i would now like it was also lost in responding to something serious when he was in charge of the now defunct a few years ago and told me while on monday i'm going to get a two one series lead against slot so after a narrow one there we're going home ice the hosts who are without food allowance of lanka postseasons. leader votes they didn't need him a surrogate leading struck soon after the first interval is called making all the difference in arms to guard the overall series lead captains isn't sold could have sent the guy into overtime but his loss got and was saved by turning a brawl no finish goaltender much not this first post-season shot at. moving on
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for one hour manchester united have gone five points clear of the top of the english premier league after a late to nowhere in a battle back when rovers held off the defending champions it'll be eighty first minutes but i'm talking about n.c. as the current process cumshots finally beat goalkeeper robinson and ashley young followed up on it later with another loss to ensure united get five points ahead of manchester city with seven games remaining rovers slipped into the bottom three on goal difference. i think from unities point of view. you know they look at today and they were minutes you'll probably wonder with what was coming from you know because we were in a good positions off the ball for stripped them of what we were clever on the pick and you know with the support to be than just hang in there for another five or six minutes because if we did we're constantly got a point but your point of view i know looking for data to do as a favor in
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a couple of games. well meanwhile the champions league regime says tuesday evening and only a win will do for defending champions barcelona take on ac milan at the nou camp in the second leg of their quarter final goal of the store in the first leg means milan need only a score daughter goes through to the last four so the game plan for boss a straight thought they need to know when to reach stuff to success the semifinal and form is on their side as their unbeaten fourteen games with twelve of those ending victories you know is going to be the most important what 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 nor room for mistakes and it is difficult to manage that you know that if we score first we need to persist and score more goals with the one the result yourself in every single moment of your nature title was the last remaining vigilant in our area was definitely in the twenty one learn how to another taste as a new count which during a training session on monday the last time the syrian leaders were here was in
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september when they drew to sea with barcelona in the group stage and their captain is demanding another positive performance. probably the night of the morrow's game will have to be fixed the courage because that is view only way to face barcelona the place that one needs the game position of the ball and all the rest comes in second place at the count of the stadium and face barcelona with bravery is the first thing to do in football anything could happen at. all tuesday's other second leg seized by in munich has lost sight the german giants are the clear favorite as they hold a two away goal advantage from the first leg and have won the last seven games however without suspended midfielder dustin schweinsteiger and believe the job is only half done. growing assistance was rumored from the results from the first leg is good look we haven't reached the next round yet it's going to be just like we scored two must see if they can score here so we have to sleep very focused have to
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show the same quality as the last game of it over the last few weeks and then i'm sure we'll get into the next round of us we've already won well despite that caution must say how it's all to do the french side are ninth in their domestic league and have lost eight of their last nine games in all competitions however last weekend's game against leaders more perrier was suspended allowing did a short men to prepare for their trip to munich and they still believe they can cause an upset chill of the cake chosen from want to achieve something old bird so the team have to play at their limit and you both collectively and individually and like you never imagine we have our worried years of what we would like to do but of course we have to implement those don't have the. means i mean science syria after all has been arrested as part of an ongoing investigation into much fixing the well and that i must go without place for at a long thought was taken to the prosecutor's office in bari on monday while italian
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legal officials say eight of his former bari teammates are also under investigation the final nine muchas from bari syria and campaign last season are being looked inside including the dog with logic in which my fellows own gold how much i will to know to avoid relegation with reports citing the twenty six year old committed scorn on purpose in return for one hundred eighty thousand euros. thousands of fans have had a sneak preview as the stars prepare for the first major of the year the masters which starts till gustavus thursday four time champion tiger woods is considered the favorite yet again after his first win on the p.g.a. tour for over two years i'm trying a bit onal palmer invitational last week although fellow american watson believes a handful of players are in contention to play the famous green jacket as we know the last three years everybody had a chance to be number one and if they're playing well there's about five guys have been playing great all year obviously tiger just winning titles will be up there again everybody's going to cheer for tiger tiger knows his course pretty well it's
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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 is going to a few times there's a few guys who just play your good all the time and obviously i was playing pretty good going as i wasn't playing good so you know there's a handful of guys that we have everybody knows about that has a chance now seems the sport of skate boarding has a new tony hawk as a twelve year old boy has performed a trick that's made history american song shot pulled off a ten eighteen last week meaning the youngsters on three fronts circles in the air before landing back on the ramp on one piece and he needed justify the time to go into history books this is no mean feat skateboarders of all ages have been trying to do the same for years and the first of that nine hundred to two and a half aerial spins was enough to shoot the prominence thirteen years ago and the since become the sport's stole the night. and after a lot more than that some russian premier league football anyway close and stretch
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