two thirty pm in moscow these iraqi headlines egyptians casting their ballots in a second day of voting in the country's presidential race fifteen months after the fall of hosni mubarak a number of former regime officials an islamist are the main contenders but fears linger that the ruling military won't give up power. talks on iran's nuclear goals wrapped up in baghdad with terrans officials saying the e.u. and u.s. tough stance mean difficult the u.s. and israel have also indicated they're ready news to attack iran if diplomacy fails to curb its nuclear program. and our ages man and as as uniforms give history lessons to children in latvia while bringing real nazi weapons to the nursery the

country again under fire for the way it portrays its role in world war two. coming up we hear how washington could be undermining its own economy by pursuing its geo political goals interview up next. we're sitting down with quite prestowitz founder and president of the economic strategy institute in washington he led many u.s. trade and investment negotiations with japan china latin america and europe in the reagan administration and served as vice chairman of president clinton's commission on trade and investment in the asia pacific region one of your recent articles is called trading jobs for military bases where you're basically saying that the u.s. sector five this its economic interests in the name of geopolitics. a very very good recent example the obama administration has just announced

a so-called pivot to asia so the idea is that the u.s. is switching the focus of us military a geo political activity from afghanistan and iraq middle east to the pacific and to china to the china region and doing that in a way on their minds its ability to continue to invest to be competitive with chinese production or with japanese or other asian production well if we take china as an example we know that the u.s. administration is also going out of its way to persuade china to buy less earing in oil for example. what stuck her five years could they possibly be offering to the chinese in your opinion well the try and you're right the u.s. is asking china to buy less arabian oil the us is asking china to put pressure on north korea to stop its missile program so we're asking the chinese to do

a lot of geopolitical things what we're not asking the chinese to do is to stop manipulating their currency to keep their currency undervalued as a. subsidy for their exports we all complain about that we say fine what the u.s. does complain about it their car we don't bashing china no no this is ministration tim geithner the secretary of treasury refuses to say that china is manipulating its currency he will not formally say that because formally to say it would then compel him to take some action he doesn't want to take any action because he knows that that would cause a huge conflict which i. mean we heard president obama say that he put together a team to deal with right well you know maybe some of the other team to deal with unfair trade practices he didn't say currency program remember that that in the world of globalization tree it is handled by

the trade representative by the world trade organization trade does not include currency currency is always handled by trey's reason ministries of finance and the i.m.f. two separate tracks so what the president says he's doing with unfair trade he's not talking currency and when he talks currency he doesn't say currency manipulation because he doesn't want the conflict and he doesn't want one of the conflict because by not forcing the currency issue it makes it easier for the president has the chinese to buy less iranian or more to ask the chinese through pressure the north koreans to stop their missile. so he doesn't want that conflict because he wants them to buy lesser and he'd rather ask them to buy less arabian oil and he would ask them to stop manipulating. which in your view is damaging to the u.s. economy well i think the currency problem is

a very significant challenge to the u.s. economy. and i actually think it's more and more of an important challenge than the uranian or also in one of your latest articles you imagine you try to imagine a statement by hillary clinton addressed to china. piece of it so it's quite pressed of it writing as if you were hillary clinton addressing the chinese you see our mutual friends in asia such as the southeast asian countries and japan and south korea want to keep doing business like crazy with you but also want us to be a kind of con awaits so that they don't totally fall under your influence because we're no longer economically competitive our only counterweight tall is our military which we are anxious to you know to a guy with a hammer all problems look like nails but we don't really think you are a nail is just that we only have

a hammer now that you have pretty much taken all the other tools no tools left really well the u.s. is suffering declining economic competitive so we have a big trade deficit we are heavily in debt to china to the rest of the world i mean we're we have so many areas of expertise left but our major source of international power is not economic it's military and we're a lot like actually the former soviet union. the soviet union didn't collapse because it lacked military strength it collapsed because it lacked economics for the same things happen to notice this. do you think it's collapsing well not not collapsing just yet but it's not on a good trick making someone in the administration behind very closed doors would explain to you that it's how the u.s. is protecting its economic interests through military means what would you say if

you heard that explanation let's look at the so-called the the new pivot to asia. we're beefing up our military deployments in the western pacific there's no threat to us in the western pacific china is not going to invade the united states north korea's missile is can't reach the united states american oil doesn't come through the straits of malacca so what's the threat how is it that this military deployment is protecting our interests. i don't see it i mean i think it's an infatuation with empire i think it's an infatuation with the exercise of power it's a legacy of the second world war and of the cold war and we have a big national security machine. and that machine is powerful politically and our system and it looks for ways to make yourself useful and so that's what it does

but it's not clear to me that this is in the interest of the night is that the incentives in the system right now are for the production of tradeable gurlitz the provision of tradeable services to leave the united states the united states is not pursuing any of the policies necessary to reverse the incentives because its total focus is on the geopolitical. priority so it's all about military bases and expanding u.s. military around the globe it's all about maintaining the primacy of the us national security establishment yeah at the expense of the u.s. economy yes. in terms of jobs but not the interests of big corporations well some of the interests of big corporations why global companies can achieve a short to medium term benefit by moving production to china

or elsewhere where they get big subsidies and incentives however typically when they make these moves they also are compelled to transfer technology. and what we've seen in many instances of the past is that and this really they seem to do well but as they transfer technology. other competitors crop up and begin cock up overtake them and so they do well for five or ten years and then suddenly they're out of business let's go back to to the second feiss and concessions that the u.s. makes in the name of geopolitics as you were arguing the subject that you brought up is very interesting and i want to talk a little bit about the gulf region the u.s. has a vast military presence there and it's building up in terms of let's say political concessions one example is bahrain when the u.s. basically has eyes wide shot human rights violations there arguably because of its

fifth fleet that bahrain hosts and you were talking about economic concessions don't just think they go hand in hand with the you was breaking its political principles as well oh yes i do you know i mean i think the situation in bahrain is extremely painful to the us. i mean we in terms of human rights we clearly should be on the side of the shiites but we've sided with the ruling sunni. regime because the base of the of the. in in the gulf. and so yeah i mean i think we compromised. so it's not just economic concessions that the u.s. makes but also political well something. you know some kind of compromising of our own principles something i know that. in all conversations i had with

economists in america at a very high level of concern about china a fear of china's dominance if you will i want to understand what is at the root of the problem is is it just money it is just money in the economy one would argue the u.s. and china are very mutually dependent so what is there to be really concerned about well no actually that there's so much fear of china i think there's more fear of the future of united states i guess the way i would say it is this. you know if you i mean if you play the card game bridge. but if you think of globalization like a game of bridge and you say that you know each country has a head of cards and you ask yourself which country has the best hand you know if you were playing the game whose hand would you like to have. and if i look at all

the cards i would say well the united states still has a lot of good cards i'd probably prefer to play the u.s. hand but in bridge you can have a really good hand and you can still lose if you play badly. and right now i would say the united states is playing very badly we're not playing our cards well we're not playing our cards well because we have focused on this geo political priority on this military national security priority we keep playing the great game we keep putting troops in afghanistan and fleets in the persian gulf. pivoting to asia while other countries like china like brazil like germany are focusing on investing and educating and innovate and becoming more competitive and we're not doing and i think that is the source of concern and worry in the u.s.

thank you very much ok good to see you. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me for my hands you know just as if anyone would. but they do tell a story they tell us story of. the oxen. in

russia would be soon which brightened if you knew about sun moon from suns to the

pressure. starts on t.v. don't come. the egyptians casting their ballots on the second day of voting in the country's presidential election fifteen months after the fall of hosni mubarak a number of former regime officials and islam is main contenders but fears remain that the ruling military won't give up power. fresh talks on iran's nuclear goals with terror runs officials saying the e.u. and u.s. tough stance made negotiations difficult the u.s. and israel have indicated a readiness to attack iran if diplomacy fails to curb its nuclear program. outrages men and s.s. uniforms give history lessons to children in law to be alone bringing real nazim weapons into the nursery the country under again under fire for the way of patrice its role in the second world war. paul is up next with all the latest sports news

stay with us here on r.t. . thank you very much my welcome to the world of sports has what's coming up. injury wires a stomach bug rules defend their own mind shishkin out of euro two thousand and twelve as the injury problems mount up for russia manager dick advocaat it's. awarding excellence the k.h. els a cream of the crop on it in the russian capital with newly crowned champions deny moscow taking center stage. to bolt from the blue the world's fastest man u. same ball prepares to race in europe for the first time this season as he continues his build up to the london olympics. but first football and russia's defensive problems ahead of euro two thousand and twelve continue manager dick advocaat confirming on thursday that roman she skin has been ruled out of the tournament with a stomach problem the locals motif moscow fullback has been forced to miss training

for the last couple of days after he came down with a stomach complaint however it was more serious than initially thought after the twenty five year old started to lose weight and showed no improvement in his condition the decision was made to leave him at home it's a bug a blow for the cards as he sent for the friend vasily got a good scheme one would say missed the tournament with a thigh injury but despite the loss all of the g.o.p. rushes head coach isn't yet panicking. or. roughly no decision of you've rolled in twenty six places. so still one has to go lower. now also after russia's success in the recent ice hockey world championship last night it was the stars of the domestic game who were lauded for their achievements the queen of the cage shell crab gather to mark the end of the season with a lavish award ceremony here in moscow the most prestigious prize going to alexander rodger love as he was named the links and the paying this is

a surprise package undergarment cup winners then on the moscow were in the spotlight head coach or legs not off who inspired the blue whites to clinch their maiden trophy was on it as the best coach while alexander at a man who was named the best goaltender teammate macallan the same who rediscovered his scoring touch getting fourteen goals in the playoffs was included in the season's best side the more those had you had little to cheer about domestically this season put that disappointment to one side to celebrate russia's world championship win on sunday the copy of the fortress. two years ago i won the prize but my team was defeated in the finals this year it's more special because we won the cup i think all the individuals we have received tonight because of our great teamwork this season. you know if it wasn't the best season for scarlet as we fail to grab the cop however it's always a pleasure to get to work i'm very happy to be chosen for this season's best team

but winning the world championships everything. so the cage for another season will be looking to defend that title when the new campaign begins in september but for now let's look back and enjoy some of the spectacular moments from the playoff series just gone. odd. odd . odd.

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little the lug the lug the leg

the little. leg. now to the olympics and backers bid to host the twenty twenty summit games has been unsuccessful the azerbaijani city along with doha failed to make it through to the next round of the bidding process istanbul tokyo and madrid are the three remaining options madrid still being considered even though spain is the only hopeful country currently in recession. we also assess the fact that madrid as got a lot of infrastructure. pay docked with the investment as i've done in the past for sport infrastructure but also all the general infrastructure so it's not many infrastructure to build so the risk of med read concerning the infrastructure to be delhi is low or staying within the lympics thing three time champion you saying

both continues his preparations for the london games this weekend he's taking part in the diamond league meeting in the czech republic both will also complaint in rome later this month and in oslo in june before returning to jamaica for the national trials on the world record holder in both the one hundred and two hundred meters is confident there with tennis titles. you. know whether you know for sure i'm a student i want to be. i think. i better be. i don't want to say but i guess if i'm in great shape a good start should be or good but i don't think it will be this race. now in the n.b.a. philadelphia have tied their best of seven series against boston in the eastern conference sami's that's after the seventy six ers secured a home win in game six eighty two points to seventy five two holiday was the top score for the house with twenty points and then as the series will go to the final i'm decisive seventh game in boston on saturday. now that they play with. they have

a lot of energy tonight a lot of energy from the building. you know i really just thought their players might just you know fortunately they missed free throws. now finally to go find a bottle for the world number one spot on for this weekend in the p.g.a. championship with rory mcilroy looking to outdo the reigning champion luke donald and remain at the top of the rankings the northern irishman needs to win the tournament to ensure he holds off donald if the englishman finishes at least runner up when worth and he'll become the world number one while if u.s. open champion mcelroy misses the cut as he did and the players championship of four nights ago then an eighth place finish all better would do the job for donald oh. well that is all the sport for now you know will be here live under two hours time joining me.

wealthy british style. is not on. markets why not come to. find out what's really happening to the global economy with max cons are for a no holds barred look at the global financial headlines tune into cars a report on our. news.