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tv   [untitled]    May 18, 2012 5:00am-5:30am EDT

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possible financial tsunami from the euro zone demands the attention of the world's top decision makers as g eight leaders gather in the u.s. . anti-government protesters in bahrain to face tear gas at home as iran calls for demonstrations against the country's plans for an official economic and military union with saudi arabia. and the syrian regime says al qaida militants are behind attacks in the country as to mask us releases the names of foreign terrorists it claims are in custody. and thank you for joining r t at this friday it's one o'clock here in moscow on
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charon terror. the survival of europe's single currency and the shock waves from its possible break up will inevitably dominate a meeting of the world's top political heavyweights leaders are gathering in the u.s. where they'll also discuss the situation in syria and pulling out troops from afghanistan president obama will also be balancing the small matter of his election campaign as artie's and he so now i reports there are several challenges for this year's g. eight summit one is facing its host obama who 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 too. reassure american allies that america has remained strong and committed to the
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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 though both already telling the world that more ready to compromise on global issues through the election given it was by accident in the 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 bilateral 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 divisive 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 austerity cuts 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 president putin didn't come perhaps it's. because he does understand how important
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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 into reporting from washington and he's now a r.t. . the euro zone's debt woes are getting worse with ratings giant moody's slashing of the scores of sixteen spanish banks while greece the worst hit nation a may well decide to quit the euro if the government has felt it in next month the british prime minister has urged the seventeen nation euro zone to remain united but the director of burj group says member nations are too different to function as one of the european leaders on 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 what is required of the problem within the european union and the eurozone is a problem of growth and despair and imbalances caused by germany and we
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can't have a common c.u. and with many different disparate economies which need different levels of support different interest rates different fiscal policies but germany and the european central bank the forcing on countries like greece and spain and italy and portugal as well as other countries such as ours and austerity cutbacks coupled with tax why the switch of economic growth then economies are 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 needs to happen otherwise there will be more of the same and the same is a declining economy with ever increasing numbers of unemployment. that's right across the board on the financial markets today with a possible greek euro exit and contagion fears driving losses let's cross now to our business desk with dimitri dimitri what do the figures tell us well the figures
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so is that everything is bad very much we're in a bear markets and it's hard to even imagine i pathetically the news that could turn things around for us to even see a rebound we haven't seen one in twelve sessions maybe the market is asking for it and the fact that it's not just negative closers of the market but the fact that you know stocks are trading all session long in the red really indicates that there is huge downside risk will tell you more about that in round fifteen minutes time in our business world. but escalating money troubles are getting in the way of the e.u. bureaucrats as plants later on in the program we examined how much cash is going down the drain. we look at how much it costs to stick a civil servant behind an desk compared to a chief executive at microsoft. in iran protests back to by the state have been organized against plans to form a european union style bloc amongst the gulf states two key american allies saudi
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arabia and bahrain would be the first nations to sign an agreement iran has called the idea a u.s. plot to annex the region and professor saeed mohammad marandi from the university of toronto agrees that washington will only benefit from this deal. this is basically for the survival of the dictatorship in bahrain because the dictatorship the king is immensely unpopular the vast majority of the people of battering want the overthrow of the regime but unfortunately the west supports the saudis and the only dictatorship what ron is concerned about is that the saudi regime will attempt to annex i mean because the dictator is immensely unpopular he is unable to keep control and in order to crush the revolution.
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allowed the forces to effectively occupy the country it's very interesting that the people of bahrain despite all this this small country has put up so much resistance and i think this itself shows the immense weakness that lies behind the saudi regime but the iranians believe that the fact that the united states supports the bahraini and saudi dictatorships also makes them responsible for the both the bloodshed as well as the current situation a large foreign mercenaries and al qaeda linked militants are 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 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 the arab gulf states qatar
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and saudi arabia they were able say they've recently seen an influx of weapons from abroad the opposition remains split and anti-war activist jim brown says the syrian national council chief stepping down it's just 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 these those two tendencies in particular are affected in the splits in the opposition be united 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
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i don't think that they consider the 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 dieties the bottom line that is their objective. later on are to change for the worse. i look at the crime and chaos unleashed by egypt's revolution for peaceful democratic change. is easy to.
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download the official obligation to on the phone all i pod touch from the. video. parties mind old calls. and says feed now in the palm of your. question on the dot com. they're on the streets to protect and serve but iraq and federal police shootings across the united states is leading some americans to wonder where the real danger lies but in a question of our reports from california speak teeters in the small california courtroom of gas but in 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 cally follows
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appeared on corporative the officers gave him a terrifying warning. and. later in the video you can hear thomas repeatedly apologizing to the police and even crying for his father's house old. girl. they continued their assault with tests and teachers 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 californian city i'm 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 afraid another is found will be shooting the killing of dale garrett with blood increasingly on the hands of police officers across the country many people here
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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 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 only 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 us sentenced to the minimum two years he was free after nine months. but fattal 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 police came under the people's control
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the laws and the justice system that applies to normal folks working people there's a whole different set of laws and justice that applies to the police when there's there's rarely any or any form of justice that's brought to the police that i mean they break their own laws or they're about the really cases of police using excessive force happened primarily in poor mainly black neighborhoods but cali thomason killing in a wealthy middle class town shows the badri so pretty smile and search shifting and californians one turn a blind eye anymore why do the question why archie reporting from los angeles california there are plenty more stories for you to explore r t v dot com here's a quick preview. and israel's denying wounding civilians in gaza palestinian doctors claim at least seven people were hurt in an artillery attack. and deep impact nasa warns almost five thousand asteroids pose
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a danger to earth but most of these space rocks remain under the radar all the details are to dot com. the. line. would be so much brighter if you knew me about some from first impression is so. please stop totty dot com. margaret mother did not like we're going to become. he was afraid. and she was very cold. she felt.
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i was frankenstein's monster. we don't have the problem but every. now and effort is made. on the palestinian or in the european side to negotiate an end to the violent attacks against israel which i have no fear of war call the. song goes you have no fear calling the leader of the state of israel one of the main terrorists in the world. we are supposed to be seriously examining history but you mention a few words about jewish culture labyrinth and people get so upset this is i'm sorry to say it's a form of emotional blackmail. thanks
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for being with r.t. at seventeen minutes past the hour the new french president's first decision in office was to cut his own pay and the pay of his cabinet by thirty percent although the opposition says with fourteen extra ministers and now in office the cost to taxpayers is actually increasing but splashing forecasts for bureaucrats is nothing new to the e.u. artist s. 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 and institutions our time is one of them i
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applied because maybe i get the chance to get my stuff and its job more secure can transfer to another position after two years walking the halls of these buildings are thousands of men and women who run this massive e.u. pushing every advantage of the union for five hundred million citizens no doubt requires manpower but so many people are quiet fouts were talks players money is concerned it costs between seven thousand and fourteen and 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 only crew chain a chief executive say of microsoft but of course ridiculous by no means to fund the bill why is it that these stories keep on emerging i think in all honesty. e.u. officials who really matter they don't 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
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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 dream back about twenty three million of which will go to the european personnel selection office or eb 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 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 border. possible geographical bases so we need to make sure that people from all countries be presented 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
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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 yes or sylvia r.t. brussels. more developments from around the world this hour. violence has engulfed a jail in honduras where armed inmates took control of the building and battled among themselves as i said one person was killed and eleven injured when a prisoner opened fire on each other in the city of san pedro sula some women were also held hostage in a jail torrijos for bloodshed and armed clashes thirteen prisoners dial there in their own uprising honduran prisons are infamous for overcrowding and riding.
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thirty four people have been killed after a bus overturned and crashed into a river in central vietnam and it smashed through the rails of a bridge and plunged over the side a bus was traveling from the central highlands you to hold two men city in the south twenty one other people were badly injured no. revolutions don't just bring freedom and human rights such actions are finding out since last year's uprising the country house faced crisis chaos and crime wave of burglary and armed robbery are to subpoena has the story from cairo. it's not just protests the disrupt peace on the streets of cairo just ask taxi driver mohammed. it was coming. the revolution one hundred percent were in a total mess now i used to drive anywhere wherever they were scam from never refused a customer now i park my car in the garage at six pm and go home with a special security system on it so it would be harder to steal. robberies car
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thefts all have become part of a daily life in large cities like cairo and alexandria since after the revolution 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 they use guys who steal cars for them and then use those cars to deliver cocaine and hash to drug addicts for the. people see this was something unheard of before the arab spring and 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
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a lot of. the tools that they need to work with like the weapons. of the egyptian people for that this police that's been treating my. and for the last thirty years i would say for a long time maybe for six years. this police is not looking to us we are the police and the mind the minister charged with enforcing the law has a very different view saying the situation is under control. walter said i'll do my duty shall be 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 stability was nonexistent i delivered all numbers regarding organized crime groups robberies and thefts they were committing and the achievements we made had died in the meantime until calm returns to egypt ibrahim
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and others will continue to close up shop early in his room before sunset fearful not only for their property and positions but for their safety and lives in cairo in a ghost go. to meet you joins us with the business news so it's not all that bad today in the markets well it's funny how it not all that bad the evaluation of that changes because right now we're seeing a markets down one percent well that's better than you know what we've seen in the previous sessions of two and three and sometimes even five percent on the russian market let's take a look at what's going on in europe of course fears still remain about what's going to happen with greece that there will be a great and therefore looking at what was going on in the past twenty four hours and that's the moody's cutting a ratings of the sixteen spanish banks and fitch cutting greece's rating to triple c. not good signs that could indicate that
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a bankruptcy is more likely than it seemed before over here in russia it's looking much better than it did in the first half hour of trade with the r.t.s. of my six down one and one point eight percent secular was moving the. basically energy shares mostly down but look oil is still positive polymaths was up point six percent and higher. gold prices and burbank is still continuing a very bad streak down two point six percent of the losing seven in the previous session take a look at how the my sex was performing over the past month we have seen a drop of twelve percent so really barely any positive the sessions as you can see from that slope going down over two months it's twenty percent the russian ruble continues its decline against main currencies the dollar and the euro as you can see there almost one percent against both of them right now where is the dollar has
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managed to regain some its positions against the euro light sweet and brant still continuing decline on worries about the state of demand is specially in europe and also something to watch out for today is facebook starts trading on the nasdaq that's a very big of course a very important i.p.o. facebook is has been valued at one hundred four billion dollars as a result of its i.p.o. which raked in sixteen billion now let's take a look at the share price that we got at the i.p.o. it's bertie eight dollars per share it's at the top of the price range and expectations and analysts say it's a big windfall for a company that began just eight years ago with no way to make money except for advertising now among facebook shareholders is russia's. d.s.t. and its owner billionaire man of daniel webster explains how smart of made his way to the world's top social network. started building his facebook stake in two
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thousand and nine just as the global economy tanked and investors are pulling out those social networks a worldly popular roster in fact thousands of private investors have bid to bush's in the world's favorite websites so much so that the top because this will miss out . we cannot guarantee your clones that they will definitely get facebook shares the moment is huge. underwriters prefer big institutional investors who hold the shares for a long time meaning the price is more stable. of sin versed in terms t. and meldrew will mort that eight hundred million dollars was an absurd sum to pay for facebook's own proven concept but with the site attracting five percent of all u.s. internet advertising the i.p.o. will now earn him billions yet the social networks fall from russia's only world beating online gamble so what's been the secret social gaming course on phones to
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russia than in the u.s. or europe russian developed farmville became facebook's most popular game world cup the group created by russia's it was a top download on the store and russia is one of the few countries to beat out facebook and google yandex is the number one search engine and facebook's less popular the local rivals v.k. now facebook rival twitter is being tipped to follow it and go public that signals another huge payday for russia because also bought a large stake in twitter. if you want to monitor our facebook performs on its first day of trading its take on the nasdaq is the all right thanks for that update. in a few minutes we look at the occupy movement gaining momentum across the u.s. after the headline still to come.
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