headlines now killed hundreds in the syrian capital by a pair of. blaming each other for the attacks. by foreign forces in order to destabilize syria undermine the u.n. observer mission. only a few hundred meters. from the crash site of a russian airliner. so authorities say it's unlikely any survivors will be found the plane smashed into the side of a mountain on wednesday with forty five people. joined

the next week by the u.s. . we talked to the winner of the nobel prize for economics. and he gives his view on how the eurozone crisis should truth. kenneth arrow professor of folk nomics americas at stanford university you're also the youngest nobel laureates to have been deported awarded the prize in economics in ninety seven or two it's really great to have you with us today are a great joy being here the global economy is still not fully recovered from the recent financial crisis so now we have an economy saying that we're going to go to

another global recession another round or we're going to have another way for of crisis hit us what's your take on that i think the answer is we don't know. it leave it at that the american economy seems to be recovering on a fairly solid basis slow but i don't see in any particular obvious instability that. the european debt crisis is not been thoroughly results but at the moment all the media fires have been did they have put it that was that they're not put out with their reduced. i am disturbed about the tendency which is partly true in united states but much more true in some parts of europe of too much austerity when we have. a condition of deep deficient demand massive unemployment i think the idea that you want to stimulate

the economy. through government spending or some other good way tax decreases is pretty clear we could be recovering faster from our problems the united states but we are we do and we haven't gone to the extremes of say great britain or. france or germany that has maintained a good economy so i've moved word of the recovery will be slower than need be here absolutely right the recession fears are actually the highest among the european union countries what. future do you see for creates it has defaulted here weeks ago it really that bad ever was so scared of it so really that bad obviously creates problems for greece and that lenders may say well they default but what's the default again. you know there's not much evidence that countries default we go ahead to quite

a nice recovery in the past. people be difficult for greece to borrow money but maybe that's a good thing that will maintain discipline now i think i think they made a mistake by not the forty year earlier. said that it you think that would have saved them it would have the look they got themselves into a bit trouble but by overspending it was no i think as any conceivable course they ran up with a deficit that was. during times of prosperity that was not. not could not sustainable. they read that goes back to the olympics as a tool for which they probably should never have undertaken it was too much too much too costly for coverage for greece now there are fundamental there are also fundamental long run problems with the greece as there is with a couple of other economies there they have rigidities in these are but these are real problems not financial problems but they are. it into the financial problems

they have rigid labor laws we have for greece has what seemed to be an extraordinarily generous social security system in far more generous the united states which could afford it a lot better. there are people retiring very early then of course the other problem with recent tax. recoveries going to collect its taxes it's good being big problems but you don't think that greece will leave the euro i don't think so maybe they should by the way but i don't think they. throw the euro is that it's very difficult to break away from it it can be done but the big price to pay it is going to pay to be dealing. like all these things benefits make her the long run so to greece. well it was interesting of greece had had not been in the euro it probably would have been able to borrow the money that it. was going to lead in drachmas because they were. a nobody but the demand i interest rate so they would have been

much worse off well we are better off actually because they have been disciplined i think he's been allowed to run down badly there were some periods but that twenty or thirty years ago when it looked like it was going out but in the short term political advantage led to conceding this one and see that one and then of course the corruption and the lack of have to have adequate tax collection which is my impression is enormous and i'm not at all sure it's been thirty rectified by the current reforms painful as they are because rich people the privileges of poor people don't do you think they maybe don't know a fact that we see is hilly and spain default right after greece i really think it leaking it but i don't see the it's it is much better control over its economy. and spain not only the problems of spain really a for school at all they have been very prudent they're not running b.b.s.'s they're problems entirely different they have very rigid labor laws. and these

labor laws they could mean and lead to higher unemployment during periods of prosperity so i think we this in this way really have a hurdle to do with these euro bond problems that i don't use their credit rating in the secateurs that they have an economy which is how. they have labor laws but you are still under question because of countries like italy spain portugal greece where do you see the time well i think you know there is an argument that you were a big mistake to begin with what do you think is it a big i think is probably premature. there is. having a currency without being of a single state it's got a lot of problems for the. united states. essentially the central government giving out money to the poor part of the there's a problem if you have money for poor parts people can move one place to another of

course they can move in the european union but language is a problem of languages are much much harder to move in europe that is the united states even apart more now you've said in the beginning of the interview that the united states is getting itself out of a mess slowly but securely from what we know u.s. step now stands at almost sixteen trillion u.s. dollars exceeding its d.d.p. . will that continue to create instability for the global financial system and how will the u.s. exactly cope well that well of course i think of it greatly exaggerated for political reasons we have got we have apparently a big debt problem of the moment that the interest rates the way they are and how this is easily better for. not a great strain of course we assume good faith sort of at some point rise and that as you turn over that it's going to be going to has the what you borrow one percent of attempting to borrow. look at the

basic problem is medical costs our medical care system is extremely inefficient very expensive we have pretty well most twenty percent if this is seventeen or eighteen percent of national income goes to a medical exam half that's private by the way but half of that's public and this is squeezing everything. so security is a bit of a problem i think as such here is a minor issue. the things that are not health the not. social security first thing i think they're being cut in a very unfortunate way because many of them are point factors for example our education systems is under attack financially we can california we have a we have been cutting. and it's your choice right now i think it's a it's a recipe for disaster in mind but i know that you were in your teens when the great depression happened in the state of member very vividly love each other but you

don't feel like anything like that is to is happening right now in america no no no there's no comparison you do but this was the i mean this is this is the worst thing since the great depression ok question people feel like the government has preferred banks to them at this point and they're asking where where where is my bailout do you think they have a point where all this is of all of those a certain amount of sense of tell the true that the we have an economic system a financial system to be more precise which has led to and i think. through the rather directly led to to be a very large negative value for the american people these people and the incomes of these people are now getting back to the. recession levels. there is a there is a sense in which the inequality of income has this focus the inequality has gotten

a lot worse whether that is not due the recession that was going on well before the recession and people were noticing that. the inequality of income do you think it will grow in the united states will last i don't know. part of it is a question of taxation course that's not the only reason there is also a problem of foreign trade a manufacturing jobs have gone overseas china now we still strong and great many industries our exports are going to manufacturing jobs are rising today but the manufacturing was that was the way by which you have high growth of high income jobs i mean you know middle middling but middle income jobs for people who are very successful education me. and that this is has gone down greatly what do you make of occupy wall street what do you think it fits elph well first i thought it was ridiculous that seem to have no they have no proposals no but it has changed the national attitude you have you big company quality has become on the political

agenda and i must do that i think very well of that professor ira thank you very much for this interview pleasure. mission free cretaceous and free zones for charges free. range and free risk free. to tide free. download free broadcast quality video for your media projects and free media and

donned our t. dot com in. there hasn't been a thing good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we. we want to present. something else. tight fifty two meters. away to more than eight thousand tons. skin thickness thirty centimeters a guinness record holder. commemorating the battle of stalingrad. the motherland call. on our team. download the official

anti application to your i phone or i pod touch from the i choose our story. watch on t.v. life on the go. video on demand r.t.s. my bold colors and r.s.s. feeds now in the palm of your. question on the dot com.

the headlines on dozens are killed hundreds injured in the syrian capital by a pair of. damascus on the rebels blaming each other for the attacks russia won't rule out the bombings could have been orchestrated by foreign forces in order to destabilize syria and ultimately undermine the u.n. observer mission. just a few hundred meters separated rescue teams from the crash site of a russian airliner in indonesia as authorities say it's unlikely any survivors found the plane smashed into the side of a mountain on wednesday with forty five. just too busy. conjoined the g. eight party next week hosted by the u.s. . demanding. you didn't get to see you always glad to have

your update here with all the sports i do understand though that one of the two biggest titles of the european football season has just found a new home and certainly has the europa league trophy rory has moved from portugal to spain we have more on the rest of the sport right now. your company this is sports today plenty head over the next ten minutes or so including that. history in the making can read becomes the first american skipper to lead his boat into the home port of the volvo ocean race. greens for a go the country's most prestigious golf course the moscow city club gears up to host the season's biggest tournament the russian open. and hitting the heights in sky running spaniard louis hernandez set

a new record in reaching the peak of pressure on europe's highest mountain montell . incredible pictures that's coming up but we kick off with football where athletico madrid have been celebrating their second year opening title in three years to hugo simone east charges dining fellow spanish side. in bucharest in truth it was a one sided contest from start to finish in the romanian capital colombian hot shot falcao scoring twice in the first half the put his side firmly in control the striker becoming the first player in history to win the competition with two different clubs into having tasted victory with porto in twenty eleventh diego julie completing the scoring with five minutes to go meaning the final score to athletico three nil bilbo no need to pick themselves up dust themselves on a per for the comp but del rey final against barcelona later this. year was

here because it's going to express the joy that i feel now after everything that was said when i arrived at athletico madrid some people say to that it was a mistake just sign me and i would like to say now publicly that those who criticize me they made a mistake we've had ups and downs and difficult moments but i think we really deserve to finish the season. like this. you let me. feel personally responsible for this result the difference between the two teams is not as great at what we've seen tonight on the pitch so as i say i feel towards the responsible for this result. on fortunately action on the pitch was marred by trouble often in madrid clashes breaking out between police on fun celebrating because when several people put it into a city center square where police had put fences up in a field attempt to prevent the crowds from blocking traffic the violence started when a small group of fans started to through other objects and police reinforcements

entered the square to try to push the crowd back several people were subsequently arrested. now the news that boxing fans had feared the lights worked with world title remarks between lamont peterson and amir can has been called off the bite scheduled for a may nineteenth canceled after world champion pietersen field a random drugs test the twenty eight year old w.b. a belt holder testing positive for a synthetic testosterone although his b. sample came back all clear he can't get a hearing until four days before the fight forcing its cancellation will fight for the victim belts against an unnamed opponent on june thirtieth. setting steel now or pure racing have been riding a wave of consistency of the volvo ocean race the crew winning their second straight leg beating our camper to enter the miami ports first coming out victorious following a grueling eighteen game our time battle spawning almost five thousand nautical

miles from brazil to miami camper able to glide into the lead on two occasions but were unable to maintain that position for more than forty eight hours american skipper can read thus becoming the first american to lead his ship into a home port winning by a five nautical mile margin human. fourth in the overall table behind the telefonica group obama camper teams liz bawn know the next in court stop on may thirty first. now the golf season is just starting here in russia the sport not quite as popular yet as in other parts of the world but there's a dedicated stream of people to change all the ups including those who continue to make the moscow city club the country's most prestigious course who has more. this club located a short ride from the country's kremlin and red square launch to russia's first it sounds at finding a place on the international golf map twenty five years ago back then only

a chosen few could appreciate this game which was recently welcome to the olympic family the history of golf in russia began as any other congress did so it was the private expansive clubs for very wealthy people but now we are in the moment when i expect that number of go first will grow dramatically in the nearest future quarter of a century on and gold still large there remains beyond reach for everyday amateurs here in moscow the us alone russia where there is one obvious but certain amount of obstacle while the lack of necessary infrastructure which would make goal for the vailable for the masses is hampering the sport's ambitions to stake a claim to the market of the biggest country on earth that sometimes people say ok the climate in russia too cold to build their goal failed you see in finland and they were using winter and they play bingo and i'm sure that we just have to

change the mind to people to that it's not just. it's have to be sport for people and it's very healthy what i can see more healthy than many not a sports the capital's inner city golf course pioneered the sport for muscovites it's a private club but opens its doors to the public and the media once a year to stage the opening tournaments that will set that they say for the remainder of a short russian season unfortunately in moscow having a five month season which is maybe short as in the world. you see the weather is nice the golf course is in the buffet is buffet condition you see the greens define the grass is finally caught so everything is fine so we're having russian professional golfers would be surprised contestants. on any of the globe significant sewers for now that is however the country is making small steps towards wider exceptions into the gulf in the arena and the russian open which will

be held in june is a small testament to that room on cost of artsy moscow. basketball i mean the n.b.a. playoffs favorites they miami heat's have reached the second round at the expense of the new york knicks one hundred six ninety four when and where the ensuring a four one victory in their best of seven series no prizes for guessing who this star man was in game five le bron james finishing with twenty nine point eight. seven assists to behave nice face in the in the eastern conference semifinals meanwhile them at memphis grizzlies are still alive in their series with the los angeles clippers after winning game five ninety two eighty as for the heat's well their attention now turns to run to. every time you advance in the series you grow because you go through adversity you go through some tough times and you have to learn how to make adjustments but stay true to your identity the whole time and

learn how to put a team away there lympics flame has meanwhile begun its seventy day journey from the birthplace of the modern games in greece to london twenty twelve a traditional ceremony in a limpia seeing many actors high priest that's running the flame near the two thousand six hundred year old temple of hera liverpool born greek olympic swimmer cyclist this the first man to take over the flame before passing it to british greek teenager alexander lucas the torch is now set to travel nearly thirteen close in kilometers around the u.k. in just over two months time the opening ceremony for the games kick off on july twenty seventh with those games ending on august twenty sixth. and finally let's finish on a high very high new sky running record has been set in russia spaniard hernandez reaching the peak of mind in the fastest time ever our own mountaineer constantine picked up off the story. montiel bruce is playing host of the sky running world

series for the first time europe's highest mountain has always been one of the most sought after climbs for dead air belts around the world and the inaugural sky race where their fleets ran not walked to speak turned out to be a great spectacle. starting from thirty five hundred metres above sea level human simply couldn't absorb oxygen properly that means breathing is hard work in itself but this guy runners and letting that get in their way they're just a nation the summit of mt all. the more experienced runners started from two thousand three hundred meters with this summit touching the sky at five thousand six carnew it and forty two they quibble and fifty football fields italy's market i guess perry won the first race of the season at the vertical kilometer event and was eager to repeat his success but it was his fellow reigning skier run

a world series champion luis i'll bet their demand outsider who braved the snow and moved mountains to stop the clock at three hours and forty one minutes. the race was a little longer than i'm used to and the altitude makes the brew strange something special it was very hard to get to the finish line but it's really great i had a chance to compete at such a great course. while six time world mountain running champion the gas berry was second to the top a minute behind the thirty five year old spinning out. fantastic for me you know is a great experience today and you know happy because when i left. my town you know and. we get to. the top of the europe you know and i did it not too many runners dared to challenge russia's call that their opening stage of the world series but those who did it

will surely do member they're missing out for it's leaving the event to become a significant stop on the sky running map because they about the above r t bruce. is where we end the sport for this art rory is here with all the news in a few moments time whether it's first. world. science technology innovation all the developments from around russia we've got the future covered.