tv [untitled] May 22, 2012 7:00am-7:30am EDT
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welcome to the big. protests against. canada now enter their hunger day demonstrations in defiance of a new emergency law turned violent leading to dozens of injuries and hundreds of arrests. germany's enthusiasm for europe wide austerity comes under fire from british opposition politicians with mounting fears it might spell disaster for the entire world economy plus. the only country that can be sure. is the united states because the. president is the latest to appear on julian if you program exclusively here it's going to be talking about attempts to oust him and his ongoing defiance of washington.
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on air and online twenty four seven this is r.t. live from moscow with me wrong. as the student protest movement in the canadian province of quebec is now marking its one hundredth day rallies against tuition hikes are turning violent more than three hundred people were arrested in montreal over the weekend and the latest wave of clashes turned violent protesters resorted to hurling asphalt and running battles of lasted several hours at least ten people were injured on both sides the government introduced an emergency law aimed at quelling the protests of demonstrators a vow to ignore it with more massive rallies expected tuesday canadian journalist michelle boy who has been covering the riots says the law will do nothing but inspire further west. bill seventy eight which is without its faults
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and its goal is to con everything down it was established by the provincial government. in canada we have a we have a charter and one of the articles in the charter is the right to protest peacefully and people and protesters now are saying is that certain provisions of this new law are and cringing on the freedom to protest peacefully so people are in fact even retaliate even stronger one of the most extremist groups has publicly said it is completely going to defy this new bill is going to go against it it's going to continue protesting so it's going to be quite an interesting scene of events here we really don't know what's going to happen really until the until the government sits down with the student organization sits down to talk on the timeline of student protests in canada as well as the most dramatic
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pictures from the scene all available on our website dot com. the global economy faces a catastrophe unless germany eases its relentless push for euro region nations to cut spending well that's the view of the british shadow chancellor and opposition finance spokesman ed balls who says european partners should give more money to stricken countries like greece spain and portugal james i made way of the new economics foundation think tank agrees that austerity is only deepening the crisis . if you drive weak economy europe is collection of weak economies if you drive a weak economy into greater and greater austerity you don't make the economy stronger you make it weak is still you know really this is one of the mechanisms that helped drive the great depression the one nine hundred thirty s. for germany to be insisting austerity now is leading only to stagnation inside europe it's making the crisis much worse than it needs to be you can certainly see
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the short term impact already i mean if you take the the social impact in greece it's absolute catastrophic even greece used to have one of the lowest suicide rates in europe suicide rates there risen by forty percent over the last year you can see the social impact from one end of the continent to the other but it's the long term economic impact that starts here there are no realistic prospects recovery inside europe certainly inside your as i think is always austerity is in place i suspect what will happen is that you'll start seeing increasing along or a deadlock at the center of your with no clear agreement of what exactly should be done next. now inspectors from the e.u. and the international monetary fund are in portugal to see if the almost eighty billion dollar bailout it received last year is being well spent portugal is seen as the most vulnerable eurozone state after greece but officials say there's no risk of the crisis in athens spreading but one of the world's most influential investors billionaire jim rogers says that assurances from institutions should not be trusted. these people always look at the world bank look at the i.m.f.
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look at everything they've said in the past fifty years never write about anything so it's very likely they would have that kind of a knock on effect because some politician in some other country is going to say ah i will say i will get us out of the euro i will say all of my poor citizens then somebody would leave and then another politician would do the same and you would lose four or five countries from the euro which would be a terrible shock lots of loss this would happen in the financial markets but if we survived the euro will be much stronger if you get rid of the people who are trying to spend other people's money then the situation would be stronger we'd all be better off you'd have a currency which could compete with the u.s. dollar and what you are seeing still ahead for you in our program is not just debt stricken countries in europe that are feeling the pinch of the financial turmoil rising petrol prices in germany putting the brakes on the public's economic
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optimism making motorists gear up for the worst those details in just a few minutes on those here on r.t. . he is regarded as one of latin america's strongest leaders and reformists and he's increasingly outspoken against america and has even accused his own country's media of behaving like wild beasts ecuador's president rafael correa is the latest guest of whistleblower julian assange in a program you can only see here on r t that will be coming your way in about twenty minutes time often our london correspondent laura smith tells us more about what you're going to see. it's the sixth episode of today and i saw his interview show and his guest is rafael carette who's the president of ecuador he is a controversial figure he's a left wing populist and one of latin america's most progressive leaders and he's actually a beneficiary as you might say of wiki leaks in that one of the cables released
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revealed that the u.s. had been supporting a structured campaign by a powerful businessman to destabilize korea's government back in two thousand and seven the us embassy cables also reveals that korea is the most popular president in ecuadorian democratic history but of course that popularity doesn't sit well with everybody and in fact there was a police against him back in two thousand and ten accompanied by unconfirmed speculation that the u.s. which of course is never far from politics in latin america was somehow involved let's hear what career had to say about that. is the only country that can be sure never to have a coup is the united states because it doesn't go to the u.s. embassy. in any event like to say that one of the reason. was the fact that we are funding the u.s. embassy are provided to the police about the whole police unit was key units fully funded by the u.s. embassy officers in command which chosen by the u.s.
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ambassador and paid by the u.s. we did away with that. policy after that coup korea kicked out the u.s. ambassador who was there at the time career talks about the arrogance of the ambassador in that time when he when he told her that she was going to be kicked out and of course this is all part of a wider plan for ecuador to pull away from the u.s. part of that also is a career's refusal to extend the lease on u.s. bases stationed in ecuador there are many reasons for that let's hear him talking about one of. but it's not a problem to set up a u.s. based. we can give the go ahead it was always we'll granted permission to set up an ecuadorian military base in miami. unlikely that's going to happen of course but joking aside this this goes back to korea's socialist roots one of the main uses for the u.s. air bases in ecuador is to perform strikes on drug smugglers and korea has admitted
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that his father was in fact a drug smuggler and says that it's far from being a sort of sort of criminal overlords your run of the mill drug smuggler in ecuador is just a man or a woman desperate to feed their families so he wants to help them rather than punish them now that's just a little bit of this program he also talks about the media in ecuador says he wants to dispel this image of big government persecuting saying journalists and news outlets are saying that actually it's the other way around that the media is also owned by big businesses and rich people who use it specifically to push their own agendas you can hear that now they're the latest episode of joining us on this program is going to be paul costs hair on r.t. at eleven thirty g.m.t. which translates to it being broadcast in about twenty minutes time here on r t but if you do mr to start check it out at your own leisure on the special section of our website r t dot com.
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there hasn't been anything yet on t.v. . it is to get the maximum political impact on. the source material is what helps keep journalism on the we. we want to present. something you. it's a ten minutes past the hour here in moscow thank you for joining us today as the nato summit in chicago drew to a close the bloke's leaders reaffirm their commitment to ending the increasingly unpopular war in afghanistan in two years' time the talk of troop withdrawal dominated the second day of the gathering which ended in a joint declaration that nato will stop its combat mission but maintain
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a significant presence in the country after two thousand and fourteen. can has been following the largest summit in the alliances history. as far as the war in afghanistan supply routes have been of a big concern on the summit there vital for nato operations there as well as for the upcoming troops withdrawal the route through pakistan still remains closed it was shut down around six months ago after a u.s. airstrike killed two dozen pakistani soldiers by mistake this summer's declaration says they're still working on a deal on a new deal with pakistan in the meantime the alliance relies heavily on northern groups that's a key area of cooperation between russia and nato because russia provides its airspace railroads and other routes to supporting international forces in afghanistan and the importance of that cooperation was also underscored in this joint declaration in their statement nato leaders were focusing on how they are getting out of afghanistan because the war has become so unpopular drained so many
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resources most analysts describe it as a failure but there is a process that many are worried about and that is that nato is taking up a new role which has nothing to do with defending europe and north america it's becoming an offensive force thousands of people took to the streets of chicago to protest against what they see as an expanding war machine answering a journalist question president obama said he was quite happy with how chicago police handled the protests that raised some eyebrows considering scores of activists were badly injured here as my colleague honestly. reporting from the streets of chicago. she could go under siege. the last couple of days have seen oceans of protesters thousands marching under a blistering sun to vent their anger at the military alliance wants to know that.
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this rally fronted by iraq and afghan war vets who are feeling betrayed by the system rode away their medals. after a minute of silence for those who perished in wars. all hell breaks loose. like chaos but tons of people shoved and dragged police thrown onto their knees bleeding faces right. one officer stabbed dozens of protesters arrested someday these these men made peace it or this conduct that they engaged in today unbecoming of the dignity that is demanded of them by their station hundreds and hundreds of police not just in riot gear but military armor with guns and but tongs that they willingly deploy on people. a day earlier a smaller but louder march also took to the streets it's an ad capital. i'm sure everyone here hopes to start
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a revolution they're calling it the chicago spring like the arab spring. signs ripped off crowds clashed with police but times and police bikes used to block off the crowds with more blood in the chaos. we do for a million dollars spent on a new year for chicago police a war breaks out with outraged americans fighting for change at home while the u.s. president is busy hosting the summit and the future of warfare abroad incessant jerking r.t.e. chicago. international affairs commentator rick ross off told local afghan forces will struggle to maintain security on their own following nato's decade long stay in the country. we see in a couple of months ago actually in april the assault in the capital city of kabul which was on president by insurgents to suggest that the government can even protect its own capital much less the country as
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a whole we also have to realize that the total government revenue per annum which is something in the neighborhood of one point seven billion dollars is less than half of what it would take to sustain the afghan national army what we're looking at is. a different form of u.s. and nato presence in afghanistan it's clear that nato wants to really expand its military presence throughout central asia as well make as well as maintaining some sort of presence in afghanistan and we've heard made major nato commanders talk about entirely new troop contributing countries such as colombia and so america some of the dubious about nato and watching on t.v. thanks for joining us today still ahead for you this hour a post revolution trauma on the eve of egypt's first presidential poll since last year's uprising look at how can so without stuttering economy i don't mean a thing that binds all types. of clouds continue to gather over the crisis hit euro zone people in germany are also feeling the pinch rim research showed that
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consumers in europe's biggest economy and now less optimistic about the financial situation in their own country with high petrol prices for the fuelling that fear is what this report is out he's able to prescribe off. germany the land of fast cars high speed autobahns and rapidly changing fuel prices. petrol is way too expensive we don't have that much money these days and i think the rich will corporations are reaping a big profit margins with at these prices i'm a candy man in this day and age when the ability is as important as ever that there's no alternative either when going on but i think part of this money flows to the government i think it's a giant rip off it was a crisis a gas stations can change through five times per day both jumping and dropping the first four months of two thousand and twelve the long sought fifteen to twenty year old cent increase for one leader germany is one of the few places in europe where there are very generous people limits on growth if all together so you can drive
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often pretty much as fast as he lets you but as fuel prices rise being a little uneasy many german primers are so proud of could do some serious damage to their pockets a full tank of the cheapest petrol can often cost over one hundred euros and when it comes to big trucks filling them up with diesel could cost up to fifteen hundred euros making them easy bait for thieves during pit stops. for two weeks ago on the twenty fourth highway heading to hamburg they drilled a hole in the tank but the driver noticed and confronted them he came out and got beaten up even duct tape his mouth gas prices depend on state taxes in germany they're among the steepest in europe also on the ratio of the euro to the u.s. dollar in which contracts are signed and of course the price itself which hasn't been going through its most stable time what does affect the price is that it's the overall very well let alone situation in the middle east and iran in fact we have
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all these fellows do the same towards the president we have israeli threats of war we have american threats of war so while the middle east uncertainty. remain unpredictable. even if. it may be high time to rename the. germany. there's always much more news stories on our website. here's what's in store for you there right now the third day of trading for the world's most popular social network. so is facebook just a marketing bubble. protests.
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and much more. gridlock. to build a new. mission to teach me. why you should care only. twenty. tensions remain high in the capital of lebanon after two people were killed in clashes on monday and this is the latest in a series of violent confrontations in the country between opponents and supporters of the assad regime in neighboring syria shero a middle east blogger told us. that he thinks the future prospects optimistic.
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primarily the balance of military power in lebanon is nowhere near equal at the moment to what we've been witnessing actually are clashes there between members of the sunni community and ilo a community in the north or yesterday what happened last night where clashes between members of the sunni community that are brought to the syrian regime in beirut now if you envision a scenario in which hizbollah would enter the fray for any reason which i don't think is realistic then the balance of power is so unequal that you're unlikely to see any protracted struggle however what we're likely to see is this sort of simmering tension which require explosions that would kind of slowly drag the country into a state of chaos again political leaders stand completely helpless about doing anything to stop this dynamic or spiraling towards conflict meanwhile the trouble inside syria continues five people have been killed by a blast at
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a restaurant in the capital damascus it happened in a neighborhood known for its protests against president bashar al assad state media has blamed what it calls terrorists and it is the latest in a series of bomb attacks in the country of the most recent was last week in the city of there as all. and in other world news today iran has agreed to an international probe into its nuclear program or this according to the un's new nuclear agency chief it's after the u.s. senate imposed a new set of economic sanctions on the country this comes a day before the so-called five plus one meeting on the issue starts in the iraqi capital baghdad the international community suspects iran might be trying to develop a nuclear weapon while to run maintains the program is purely for peaceful energy purposes. a train crash in southern india has killed at least fifteen and injured thirty five it happened when a passenger train rammed into a freight train which had been stationary for coaches were doing all day and one
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caught fire leaving many people trapped inside well accidents are fairly common in india during one accident last year sixty nine people were killed. now on the eve of egypt's first presidential election since its revolution it's the economy that shaping the views of many voters whoever wins power will take over a country with a desperate financial problems well over a year on from the popular uprising against authoritarian rule and with this report out cesar. maman sammy has spent most of his life living abroad he returned to egypt just in time to see their ocean unravel and the economy shrivel mama's real estate development business suffered a harsh blow during the egyptian uprising in the year that followed his struggles to keep his company afloat we have a lot of money in the market the people of us a lot of people just fled out of the country they never came back so where their
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accountant said we don't know where they are so we can bail and at the same time we have to continue our actually have to put money from our pockets like many mohamed hoped in new rule would bring in new opportunities for investment but he says the economic policy of the interim government turned out to be almost as bad as that of the previous regime. and would like to be treated like the big scare the top image . we both pay the same taxes were both pay the same duties dues so our costs of the end of the day would be at least in terms of what we have to pay to cover the reforms conducted by the now ousted president mubarak stero years ago did bring a certain stability to the gyptian economy but since their evolution the country's finances are in ruins their currency is in jeopardy people are jobless and great and the only way out seems to be in barring enormous loans from the likes of the i.m.f. it's just over three billion dollars the danger in government is asking for the
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critics of the idea. and that means. not just financially but beautifully as well we do not like the interventions of the i.m.f. and institutions and they have their own agenda they have their own agenda that are controlled by. superpowers we're not a super power we had a very small power but we can act on our own we have money we'll need to know who the presidential election is just around the corner many of egypt's fifty million voters closer attention to the candidates speaking on the programs after all for many of them it's a make or break moment in the country's history and in their lives i believe of the good life from. me and my family with a lot of money. a lot of other things. looking for i'm looking to do something for my people. in cairo. and
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bring us up to date for the business a good to see you again we mentioned earlier that facebook shares are they were dropping but it's not the only tech companies have had a well shaky start to its i.p.o. is that that's exactly right where you were just to give you some details for us than five facebook's shares plunged thirteen point seven percent on monday and they were below its initial public offering price of thirty eight dollars in just the second day of trading. but as well you just said this is not the first company to have had a shaky start we've seen this before in fact we have a whole list of tech companies with apache record what you see on the screen is the share performance after the first days straight of the top five tech companies that went public last year russia's search engine yandex has lost nearly fifty percent of all social network games developers in guy has lost a quarter and those who balkan linked in are now who really are cited above the waterline. the chinese social network run red have lost three quarters of their
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money. at some markets we'll start with the europe which is pretty much the only one seeing gains right now as you can see both the footsie and the banks are at it over a half a percent and investors there are mainly focusing and waited to see what happens at the european union on the thursday and of course greece is going to be governments to see what will happen with the cards over there will abandon the euro zone and if it does of what measures will be taken to make sure it doesn't the situation doesn't spiral out of control now say with the european organization for economic development corporation has konitz forecast for growth in the euro zone the gross domestic product this forecast to contract by zero point one percent in two thousand and twelve well that's before returning to growth of zero point nine percent in two thousand and thirteen and the organization also said that policymakers should consider taken steps to pave the way for the joint issuance of
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euro bonds and that's alongside other measures of course we always see the also forecasts u.s. g.d.p. growth of two point four percent this year and two point six in two thousand and thirteen and look it's forecast to expire two percent in two thousand and twelve and one and a half and two thousand and thirteen. well let's move on with the markets take a look at what's happening here in russia as you can see figures here slipped into negative territory in the last couple of weeks we've seen a turbulent performances across the board the washoe was in fact among the wars and that's because all of the economies dependence on oil and the oil dropped twelve percent in the month of may and as we bounce back on monday by now it's five in the goods of territory if we take a look at the individual travelers on the mice legs will see that it's pretty much a mixed picture energy stocks are still doing well financials have slipped into negative territory and the best performer of the day as in fact steel and coal
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producer of natural gaining almost three percent they're moving the same with russia though all the countries on the point they launched last month to the lowest level since the two thousand and eight financial crisis the jobless rate dropped to five point eight percent from six and a half percent in march as companies roy spending to meet domestic demand. and that's how business. will have next update for you or your thanks very much enjoy the day. just one when you're in i'll see the headlines with and that will be backed up by the latest edition of giuliano saunders program here one odyssey that's in watched a couple of minutes to crown.
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