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tv   [untitled]    May 18, 2012 2:00am-2:30am EDT

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the possible financial tsunami from the euro zone demands the attention of the world's top decision makers as leaders gather in the u.s. . congress takes a hard line on the wrong saying it's also to benefit from even being capable of building weapons calls and speculation that the war is edging closer. and the syrian regime says all kind of military it's are behind attacks in the country as damascus releases the names of the foreign terrorists are in custody. the lone thank you for joining our tea this friday with me karen. the survival of
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europe's single currency and the shock waves from its possible break up will inevitably dominate a meeting of the world's top eight political heavyweights g. eight leaders are gathering in the u.s. where they'll also discuss the situation in syria and pulling out troops from afghanistan president barack obama will also be balancing the small matter of his election campaign as artie's and he said now i reports. there are several challenges for this year's g. eight summit one is facing its host obama has his hands tied with an election coming up in november a lot of focus for him on trying to stay in the white house so he's going to have to balance domestic and international considerations at this camp david summit something that's never easy but even more so when you have voters to please and global leaders to reassure it's always a difficult thing to do even more difficult during the election he has in one sense
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to reassure american allies that america has remained strong and committed to the g eight and it has an important role to play at the same time he has to be sensitive to what his constituents in america are thinking about domestic concerns the economy unemployment housing all of the things that remain an issue the obama already told the world that more ready to compromise on global issues through the election given it was by accident in that hot mike sit down with dmitri medvedev but with that incident aside many experts say that it's very unlikely we'll see progress on by lateral issues with russia per se on missile defense or iran's nuclear program in the election year now another challenge facing the group as a whole is the question many are asking does the g. eight format still work it's true that most countries of the world see the g eight as outdated most countries in the world don't recognize the the singular leadership
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of the united states and its western european allies so in terms of what might come out of the g eight i think that again substantive policy decisions are unlikely rather this is going to be a much more much more geared towards padding obama's image as the host of the summit and showing the world that obama is this sort of a uniting uniting force rather than the divide. the force that he has seemed to be for the for his first term now in terms of uniting one of the main goals and focus of this summit will be the euro crisis the goal there to try to get the new french president on board with all of the massive all sturdy crowds that we're seeing throughout europe this is something that european leaders will certainly be looking for obama to try to unite all of them on how to move forward with that but again a lot of critics think the g. eight is an outdated format and then you have all the speculation as to why
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president putin didn't come perhaps it's because he doesn't understand how important the g twenty is especially when it comes to the financial turmoil that we're seeing across the world not of course will be held in mexico in june reporting from washington and he's now way. they arose on debt woes are getting worse with readings giant moody's slashing the scores of sixteen spanish banks while greece the worst hit nation may well decide to quit the euro if an anti-us charity government is voted in next month the british prime minister has urged the seventeen nation euro zone to remain united but the director of the group says member nations are too different to function as one. the european leaders aren't really doing what's necessary to generate economic growth within the eurozone and within the european union there is a major problem with the euro but that needs a disorderly demand dismantling that that's what is required at the problem within the european union and the euro zone is
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a problem of growth and the disbalance imbalances caused by germany and we can't have a common c union with many different disparate economies which need different levels of support different interest rates different fiscal policies but germany and the european central bank are forcing on countries like greece and spain and italy and portugal as well as other countries such as arland austerity cutbacks coupled with tax why this which of her economic growth never condom is already on competitive as a result of being in the euro and they just are now in a major economic depression that's what's happening in those economies with massive levels of unemployment and really no no future something radical that needs to happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment. but as collating money troubles aren't getting in the way of you bureaucrats plans later in the program we examine how much cash is going down the drain. we look at how much it
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costs to stick a civil servant behind in the debts compared to a chief executive at microsoft. and a change for the worse a look at the crime and chaos unleashed by egypt's revolution for peaceful democratic change. the u.s. house of representatives is taking a hard line on iran dissatisfied with president obama's assurances that washington will not tolerate iran obtaining a nuclear weapon the house says it must be stopped before it achieves even nuclear capability democrat dennis. houseboys concerned that this will only complicate the diplomatic solution and push washington closer to war with iran and the u.s. ambassador to israel has warned plans for a possible military strike already just days ahead of a key international meeting about iran's atomic ambitions jamaal deep policy
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director from the national iranian american council says washington's prepared to strike. but we have to remember that this is one week out from when the next round of negotiations are going to occur between the u.s. iran and the other u.n. permanent five security council members but it puts pressure on the administration to not be able to make the deals necessary in order to achieve the real goal and the goal that the president has stated which is to prevent a nuclear armed iran so this really is congress sending a message that the united states is should take a very hawkish approach to this and the meaning of capability has for a long time and controversial and has been sort of code for no enrichment that having nuclear weapons capability is something that could be applied to any country that has a civilian nuclear program by the congress passing a resolution that says we can't contain a nuclear weapons capable iran it sends a signal that. we may already be at
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a point where war would be necessary in order to. serve that goal foreign mercenaries and al qaeda linked militants also fighting in the ranks of rebels inside syria that's according to government officials damascus has even released the names of the legit foreign terrorists it claims to have captured twenty are said to be arabs who have confessed to working for al qaida the list also includes french and british citizens meanwhile washington denies recent reports it's coordinating arms for the syrian opposition through arab gulf states qatar and saudi arabia their rivals say they've recently seen an influx of weapons from abroad position remains split and anti-war activists jim brann says the syrian national council chief stepping down is more proof of that. clearly you have an opposition that isn't there isn't a single opposition bloc and there are those voices that are clearly calling for foreign intervention and there are those who are clearly against it and i think
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these those two tended fizzy in particular are affected in the splits in the opposition benighted states has its own very special interest anyway and it would to some extent it would rely on its local allies but on the other hand it would never concede complete control to them so they would be working in parallel the united states would prefer a regime change as it's preferred. outcome they would like to eliminate its part of opposition to iran and i don't think they consider there's a possibility of a favorable outcome if the syrian government remains in power and whatever they say whatever they talk about peace i think for them that's the that is the bottom line and that is their objective. so come this hour staring down the barrel.
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anger in america as the number of police brutality victims appears to rise by the day find out more in a few minutes. is . the official geo location. talk from the. video. and. now an obama.
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on the dot com eleven minutes past the hour you're with our revolutions don't just bring freedom and human rights just ask the egyptians since last year's uprising the country has faced crisis chaos and a crime wave of burglary and armed robbery are choosing to go has this story from carro. it's not just protests the disrupt peace on the streets of cairo just ask taxi driver mohammed. it was calm before the revolution one hundred percent where in a total mess now i used to drive anywhere wherever the waters came from never refused a customer now i park my car in the garage at six pm and go home i put a special security system on it so it would be harder to steal. the robberies a car all have become part of a daily life in large cities like cairo and alexandria since after the revolution
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many people say the police at times simply choose to turn away when a crime is being committed. all hell broke loose after the uprising i know some who escaped from prison there are still stealing and looting the use guys who steal cars from them and then use those cars to deliver cocaine and hash to drug addicts . people see this was something unheard of before the arab spring in the mayhem that followed the uprising of january two thousand and eleven many believe thousands of convicts escaped to unguarded prisons a crime wave has followed with egyptian media reporting more than twenty five hundred murders and some two thousand abductions since their revolution yet the police are accused of doing little or the police a lot of respect a lot of. the tools that they had to work with like the weapons the
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cars and most of the different people for that this from. has been treating us like. for the last thirty years i will say for a long time maybe. this. is nothing to us we are the police. and the minister charged with enforcing the law has a very different view saying the situation is under control. i want to settle about like this i told the members of the people's council look at the results we managed to achieve in record time i'm sure that no one could have done as much we had a total collapse of everything and stability was nonexistent i delivered all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we've made. that in the meantime until come returns to egypt ibrahim and others will continue to close up shop early and head home before sunset
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fearful not only for their property and possessions but for their safety and lives in cairo in a ghost go. there are plenty of more stories for you to explore and r.t. dot com here's a quick peek. in tear gas meets a peaceful protest crowd involved brains capital manama but the mainstream media keeps quiet about the ongoing suppression of demonstrations. and deep then past warrants almost five thousand asteroids pose a danger to earth but most of these space rocks remain under the radar all the details are at our to. the.
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lines in motion soon which will brighten if you are about song from phones to the persian. means for instance on t.v. dot com. you know with our t. and the new french president's first decision office was to cut his own pay and the
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pay of his cabinet by thirty percent although the opposition says with fourteen extra ministers now in office the cost to taxpayers is actually increasing but splashing the cash for bureaucrats is nothing new to the e.u. parties just are silly reports. good income great working hours generous benefits career growth and essentially a job for life it's no surprise that the tens of thousands of applicants across the european union vie for permanent posts in the e.u. institutions are is one of them i applied because maybe i get the chance to get my stuff but its job more secure can transfer to another position of their two years walking the halls of these buildings are thousands of men and women who want this massive uber schoonover managing the union for five hundred million citizens no doubt requires manpower but so many people are quiet fouts or talks players money is concerned it costs between seven thousand and fourteen and
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a half thousand euros to simply go through the process of hiring one permanent staff is an awful lot it's probably the same amount that a company would pay on recruiting a chief executive say or more or so that's of course ridiculous by no means to fund the bill why is it that the stories keep on emerging i think in all honesty. e.u. officials who really matter they all seem to care i mean they might say certain things but at the end of the day they are asking for more money year after year after year this time the e.u. commission is asking for a budget increase of six point eight percent for two thousand and thirteen taking the total amount to one hundred thirty eight billion euros about twenty three million of which will go to the european personnel selection office or eps so in charge of selecting potential permanent staff selected candidates are then placed on a reserve list for about a year commission various e.u. institutions can choose if you keep people reserve list this list is only valid for
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a certain time off to which these people probably find jobs so where's the value added in that the cost of hiring people could be much higher we also need to select people on the broader. possible geographical bases so we need to to to to to make sure that people from all all you countries represented there is an additional cost for that she adds that in an exercise comparing the cost of each new hire and twenty nine international bodies including the world bank and the united nations episodes average cost per person is still lower but in this context. where millions of jobless e.u. citizens are hanging by a thread critics say that no amount of justification is going to make this situation appear like taxpayers' money well spent tess or sylvia r.t.
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brussels. for developments from around the world us our. thirty four people have been killed after a bus overturned and crashed into a river and. it smashed through the ruins of a bridge and plunged over the side a bus was traveling from the central highlands to whole chainman city in the south twenty one other people were badly injured. violence has engulfed a jail in honduras where armed inmates took control of the building and adult among themselves at least one person was killed and eleven injured when prisoners opened fire on each other in the city center. some women were also held hostage in a jail torrijos for bloodshed an armed clashes there two prisoners died there in march during an uprising honduran prisons are in from as for overcrowding and rioting. the world of music has been paying tribute to disco queen donna summer who has died at the age of sixty three after
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a short battle with cancer summer's career had its peak in the one nine hundred seventy s. and early eighty's but singles like i feel love bad girls and hot stuff she'd attempted to keep the extent of her illness from her founts. well on to another story now they are all on the streets to protect and serve but a rise in fatal police shootings across the united states is leading some americans to wonder where the real danger of lies might even question of all reports from california. speak taters in the small californian court room gas but a video off a man lying on the ground screaming they're killing me while being severely beaten by police at first when thirty seven year old schizophrenia sufferer calley follows appeared on corporative the officers gave him a terrifying warning. for. later in the
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video you can hear thomas repeatedly apologizing to the police and even crying for his father's how old. they continued their assault with vests and tasers she lost consciousness and died in hospital five days later it sparked a series of protests across california and demanding justice for victims of police brutality yes this was no isolated case while police officers in a neighboring californians it's ian standing trial for the down the county thomas here in downtown l.a. people who came out onto the streets to remember the first anniversary of rain now there is not will be shooting the killing of dale garrett it's with blood increasingly on the hands of police officers across the country many people here say police are using excessive force far more than necessary dale garrido was shot by an officer twice in the back the police chief insisted the decision to open far
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fell within the rules but many here find it hard to understand how shooting a man from behind constitutes self-defense since nineteen eighty three the one california cop has been convicted with killing on duty after oscar grant was shot dead a new year's day two thousand and nine the auckland officer told his trial that he meant to draw in for his teaser not his gun he was sentenced to the minimum two years he was free months. but. police shootings are on the rise across the state the latest just two months ago in the death of unarmed nineteen year old kendrick mcdade shot seven times during the watch turned out to be the false report of froggery community groups aids time the pretty scheme under the people's control the laws and the justice system that applies to normal folks working people there's
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a whole different set of laws and justice that applies to the police when there's there is rarely any or any form of justice that's brought to the police that i mean they break their own laws or they're above the law really cases of police using excessive force happened primarily in poor mainly black neighborhoods but cali killing in a wealthy middle class town shows the badri so pretty smile and search shifting and californians one turn a blind eye anymore i do not question the archie reporting from los angeles california and later on our visit to the kremlin as we explore the cultural areas around russia's main tourist and historic spot here's a preview. as kites fly in front of the kremlin walls and actors beg that character costumes it's clear to everyone loves to walk outside take in the beach surroundings and cherish the warm sunny weather when it comes to walking the streets you don't get much better than this. and don't worry if you don't know your
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bolshoi from your bolsheviks tourist spots aside moscow's entertainment scene is packed with a wide range of activities and places to go. enjoy all the sides of moscow with martin andrews and a couple of minutes here on our. first we have to mean tree and that line is right now with business news so the russian market it's taking a beating yet again how bad is that you could say it's not beating but a butchering actually so a bit of a sadistic love we'll get to that a good bit later first of all is good for some of the asian markets they are also seeing a very hard drop but you can already imagine what's happening in russia if i'm saying the nikkei is just seeing a harsh drop three percent there they're saying two and
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a half percent this is all on the back of moody's slashing the ratings of around sixteen spanish banks actually exactly sixty spanish banks and also fitch reducing the rating of greece to triple c. which basically increases his chances of a bankruptcy and therefore the chances of a greggs at that everybody's fearing right now over in the u.s. market we've also seen a very negative session where the dow jones declining more than one percent on the dow something falls more than one percent that means in russia it's going to go three or four percent on the nasdaq two percent. cut also we've seen and that's despite the fact that the biggest internet i.p.o. has happened on thursday is the facebook shares will be trading starting this friday stock it will have has already raised sixteen a billion dollars in this i.p.o.
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and values the company at one hundred and four billion dollars so everyone who's saying one hundred billion dollars for this company is justified well they were right hundred for the right price thirty eight dollars pushchair at the top of expectations is the place that we've seen basically it's a windfall for a company that began just eight years ago with no way to make money except for advertising and you can find it on the nasdaq later as they undertake a symbol f b i. on the currency markets the euro continues its plunge versus the dollar as investors are cashing out there's a little tease was that what you're going to see next what's going on the russian market the ruble is falling more than one percent versus the dollar thirty five copecks up thirty one and a half rubles per dollar. all right here comes the drum roll as take a look at what's going on the russian markets. more than three percent for the r.t.s. two and a half for the mice that's after falling for a half and freed
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a half percent the previous session how about that investors just don't see any reason to buy in despite the fact that the russian market has only been falling the past two months here's an illustration take a look at this graphic of the past month twelve percent decline for the. over two months twenty percent declines were at twenty eight month lows two and a half years to be exact wow investors don't see really any reason to buy back in onto the russian market given that world prices of only been four years an illustration lights we've declining half a dollar per barrel brant coming down two hundred six and seventy eight you know a couple of days like that and you know the saudi minister will be right in his assessment that the fair price for france is one hundred dollars per barrel which has been sending chills down the spines of russian government officials who of course see the oil industry as especially crucial for the russian economy so that's
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the way it looks this saudi back next with an update of course and i'm afraid it's going to fall even further well hopefully some positive news awaits next week thanks to me. and a few minutes joined us on a trip around the russian capital and the latest episode of moscow out that's after the headline still to come.
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culture is that so much maybe you're going to be making a lot of people in your area but look at germany and the future of europe and the euro zone a currency regime conceived in hubris and now is collapsing in rome which can germany maintain. wealthy british style it's a time to tighten the fine. markets . come the.

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