team. this is. headlines now dozens of killed hundreds injured in the syrian capital by a pair of massive. goes down as the deadliest attack since the conflict in the country began. a rush. by foreign forces in order to destabilize syria the end of the day the u.n. observer mission. only a few hundred meters now separated rescue teams from the crash site of a russian airliner. say it's unlikely any survivors will be found the plane smashed into the side of

a mountain on wednesday with forty five on board. i'm just too busy. join the g eight next week hosted by the u.s. . now here when i talk to the winner of the nobel prize for economics. he gives his view now on how the eurozone debt crisis should really be tackled. kenneth arrow professor outspoken omics americas at stanford university you're also the youngest nobel laureates to have been deported ward at that price in economics in ninety seven and two it's really great to have you with us today i'm driving

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 any any particular obvious instability you know. the european debt crisis is not been thoroughly results but at the moment all the media fires have been did damp and i was there not put out with their reduced. i am disturbed about the tendency which is partly true the united states were 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 did it we haven't gone to the extremes of say great britain or. france or germany that has maintained a good it can only. move 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 a crease 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 if they default that what's the fault again. you know there's not much

evidence that countries default or than we go ahead to a quite a nice recovery the best. 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 they have to think that would have saved them it would have the look they got themselves into a bit trouble but by the 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 good 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 they're fundamental they're also fundamental long run problems with the 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 that financial problems but they have. it into the financial problems they have rigid labor laws we have for greece has what seemed to be 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 they have a problem with recent tax. recoveries going to collect it's 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. prove the euro is that it's very difficult to break away from it it can be done but the big price to pay is going to be paid to be dealing. like all these things benefits make her the long run so to greece. well you see it was interesting if greece had had not been in the euro they probably would have been able to borrow the money they did. that was

going to lead to drachmas because they were. a nobody but they demanded 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 trust 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 have privileges of poor people don't do you think they maybe don't know a fact can we say is hilly and spain default right after greece i really think of 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've been very prudent they've not run

a big emphasis their problems entirely different they have very rigid labor laws. and these labor laws make it mean and lead to higher unemployment during periods of prosperity so i think we this is really a hurdle to do with these euro bond problems that i think it's a credit rating for the sake of just because of the economy which is how. bad labor was but you are still under question because of countries like italy spain portugal greece where do you see 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 the realise that it's. 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 us dollars exceeding d.d.p. . will that continue to create instability for the global financial system and how will the us exactly cope well that well of course i think of it greatly exaggerated for political reasons we have we have apparently a big debt problem of the moment that the interest rates the way they are and how this is easily peril 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 part one percent

of attempting to. look. 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 america and have a half that's private by the way but half of that's public and this is squeezing everything. social security is a bit of a problem i think as such here is a minor issue. the things that are not health and 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. education is right now i think is the 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 is 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 although there's a certain amount of sense of policy but it is true that the we have an economic system a financial system to be more precise which has led to and i think. the food rather directly led to the very large negative value of the american people these people in the incomes of these people are now getting back to the. recession levels. there is there is

a sense in which the inequality of income has. gotten a lot worse whether that is not to the recession that was going on well before the recession and people were noticing that the inequality of income inequality of income do you think it will grow in the united states will last i don't know very 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 manufacturing jobs are rising today but the manufacturing was that was the way by which you know you have high relatively high income jobs i mean you know middle middling but middling can jobs for people without very successful educationally. and that this has gone down greatly what do you make of occupy wall street what do you think it feel self 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 become any quality has become on the political agenda and i do that i think very well about professor ara thank you very much for this interview frederick. wealthy british style. market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines kaiser reports.

well the food science technology innovation all the latest developments from around russia we've got the huge earth covered.

good. morning news today violence was once again flared up the first in these are the images the world has been seeing from the streets of canada. the giant corporations are old today.

the headlines on r.t. dozens are killed hundreds injured in the syrian capital by a pair of massive bomb blasts going down as the deadliest attack since the conflict began in the country more than a year ago russia was rule out the bombings who orchestrated by foreign forces in order to d.c. stabilize syria and in the end of the day undermine the entire u.n. observer mission. now just a few hundred meters separate rescue teams from the crash site of a russian airliner in indonesia as authorities say it is unlikely that any survivors will be found the plane smashed into the side of a mountain on wednesday with forty five people on board. just too busy a lot of mean putin says he can join the g eight party next week hosted by the us

this dude who is demanding workload. try those of my headlines now it's time for unions headlines here comes the sport. thanks for joining us this is sports and a plenty ahead over the next ten minutes including all the. history in the making can read becomes the first american skipper to lead his boat into a home port the volvo ocean race. green for go the country's oldest golf course the moscow city club yourself to host the season's biggest tournaments the russian open. getting the height sponsored louis fernandez set a new sky running record reaching the peak of europe's highest mountain month.

let's kick off with football where i'd like to call madrid hopping celebrating their second europa league title in three years diego simoni chartist joining fellow sponsor side atlantic bilbao in bucharest in truth it was a one sided contest from start to finish in the romanian helpful colombian hot shot . scoring twice in the first time to put his side firmly in control the striker becoming the first player in history to win the competition with two different clubs in two years and having tasted victory with porto in twenty eleven diego julie completing the scoring with five minutes to go three nil up there because of the final score. need to pick themselves up by head off their cup at the rate final against barcelona later this month. this gives was here because it's come 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 and let me say this i 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 totally responsible for this result but unfortunately action on the field was marred by trouble off it in madrid clashes breaking out between police and so on celebrating because when several thousand people poured into a city center square where police had put fences up in a field attempt to revenge the crowds from blocking traffic the violence started when a small group of fans started to throw bottles and other objects on police several people were arrested. disappointment in the boxing world meanwhile because the light welterweight world title remarks between lamont peterson and amir count has been called off the bar and scheduled for may nineteenth canceled after world

champion peterson field are random drug test the twenty eight year old i.b.m. w b a bell told are testing positive for synthetic testosterone although his beast welcome back all clear he now can't get a decisive hearing until forty years before the fights forcing its consolation. fight for the victim belts against the unnamed opponent on june thirtieth. setting seal now we're racing helping making waves at the volvo ocean race the crew winning their second straight leg beating our camper to enter their miami destination first following round six coming out victorious following a grueling eighteen day maritime bottle spawning almost five thousand nautical miles from brazil to miami camper gliding into the lead on two occasions but were unable to maintain the position for more than forty eight hours american skipper henry adventure becoming the first american to lead his ship into an important

winning five nautical mile margin his crew life for you the standings behind the telefonica group on the pro teams it's across the atlantic next with lisbon ports. the next port stop one made for. the golf season is just starting up here in russia the sport not quite as popular yet in other parts of the world but there's a dedicated bunch of people aiming to change all votes including those who continue to make the moscow city club the country's most prestigious course ramadhan costs or if he's got more. this club located a short ride from the country's kremlin and red square to 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 expensive clubs for the 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 own and gold still large there remains beyond reach for every day 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 finland and they were using winter and they played and i'm sure that we just have to change the mind of 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 capitol'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 the pace 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 the. contestants on any of the globes significant tours for now that is however the country is making small steps towards wider acceptance into the gulping arena and the russian open which will be held in june is a small testament to that room on concert thirty moscow. to the n.b.a. playoffs where favorites they miami heat reach the second round at the expense of

the new york knicks their twelve point win and whedon stay ensuring a four one victory in their best of seven series no five for guessing the star man in game five le bron james finishing with twenty nine points seven assists but he faced indiana in the eastern conference semifinals meanwhile the memphis grizzlies are still alive in their series with the los angeles clippers after winning game five ninety two eighty for the heat while their attention turns to run to. every time you advance and 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 staying true to your identity the whole time and learn how to put a team away the olympic flame hows meanwhile begun its seventy day journey from the birthplace of the modern games in greece to london twenty twelve traditional ceremony and seeing. many ghastly act as high priest this grabbing the flame near

the two and a half millennia old temple of liverpool born greek olympic swimmer. the first man to take over the field and before passing it to british greek teenager alexander lucas the torch is now set to travel almost thirteen thousand kilometers around the u.k. in just over two months the opening ceremony for the games in london kicks off on july twenty seventh. and finally let's finish on a high very high a new sky running record has been set in russia sponsored hernandez reaching the pick of elbrus in the fastest ever time at the red fox race event our correspondent constantine wrapped up and went for a climb in self. 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 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 meters 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 karna and forty two they quibble and off 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 sky run a world series champion luis i'll bet at 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 abreu strange something

special it was very hard to get to the finish line but it's really great we had a chance to compete at such a great course. while six time world mountain running champion the guest barry was second to the top a minute behind the thirty five year olds been. fantastic for me is a great experience to day and you know happy because when i left. my town you know and. we get to. go 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 serious 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 that r t. m that is all your sport whether it's next.

well for the future science technology innovation all the latest developments from around russia we've got the future covered. the news a secret laboratory to mccurdy was able to build a most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and world this is why you should care watch only on the dot com.