really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines in two cars a report. this is our team money is coming now in the top stories tonight egyptians are voting for a second day but they're still unclear over which follows the ruling military will see that and whether the winner will respect the people's revolution and none of the thirteen can do the same respected to win a majority which will win another poll next month. also the headlines from. the syrian regime the rebels in its latest report on the conflict warning it is getting increasingly militarized documents says damascus is responsible for most of the balance of the opposition is accused of kidnapping torture. latvia's nursery nightmare nazi sympathizers a film showing off real weapons to kindergarten kids builders in this sensual

national history lesson is no less raising alarm over the glorification of nazis. thirty one moscow time next that how washington could be undermining its own economy through its foreign policy the interview coming. we're sitting down with quite pressed of it 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. secor 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 aid 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 sacrifices could they possibly be offering to the chinese in your opinion 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 they're caught 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. the other team to deal with unfair trade practices he didn't say currency program remember 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 trades reason ministries of finance and the i.m.f. to separate tracks so when the president says he's dealing 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 to conflict because by not forcing the currency issue it makes it easier for the president has the chinese to buy less iranian oil or to ask the chinese through pressure the north koreans to stop their missiles so he doesn't want that conflict because he wants that has them to buy less or when he'd rather ask them to buy less or any oil and he would ask them to stop manipulating the car 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 reigning oil 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 work every 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 counterweight 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 new 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 component the soul we have a big trade deficit we are heavily in debt to china to the rest of the world i mean we are we have so many areas. expertise left but our major source of international power is not economic its military and we're a lot like after the former soviet union. soviet union didn't collapse because it lacked military strength it collapsed because it lacked economic strength the same thing is happening to united states 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 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 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 itself useful and so that's what it does

but it's not clear to me that this is in the interest of united states the incentives in the system right now are for the production of tradeable girl and 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 because it's all about military bases and expanding u.s. military around the globe it's all about maintaining the primacy of the u.s. national security establishment you know 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 it 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 secretary says 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 you 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 u.s. 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 of the base of the system 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 though 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 think 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 an honest face is playing a 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 the fleets in the persian gulf. pivoting to asia while other countries like china like brazil like germany are focusing on incest thing and educate and innovate and becoming more competitive but 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.

well to the. realization is the name of the game whether you're saving lives or designing clothes architectural masterpieces laser precision is what matters most the technology of the future is ready at your fingertips. here on r.g.p. . the future.

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headlines are voting for a second day but this still unclear over which hours the ruling military will seat and whether the winner will respect the people's revolution of the thirteen kind of this are expected to win a majority in the poll next month. is the syrian regime and the rebels in its latest report on the conflict warning that is getting increasingly militarized the document says the mascot's is responsible for most of the oppositions accused of kidnapping torture. nazi sympathizers a film showing off real weapons to kindergarten kids. national. over the glorification of. the sport.

thanks for joining us this is sports and a plenty ahead including the stories in print. falling foul a stomach bug the rules the friend or a mom. of your twenty twelve the injury problems a mind to all for a russian monetary dick advocaat. pick of the past week a child's best are honored in the russian capital with a newly crying champaign stain on the mall school taking center stage. surface to air a fine art to play in the bragging rights when a rally car on the helicopter did battle on a ministry in restruck. first football where russia's defensive problems show no signs of slowing down ahead of euro two thousand and twelve monitor dick advocaat confirming on thursday that remand shift in has been ruled out altogether of the

tournament with a stomach problem the law school full of missing training and speaking. of the suspected pirates the bug leader deemed to be more serious than initially thought with the twenty five starting to lose weight rapidly combined with showing no improvement in his condition the decision was then made to leave him at home it's a further blow for of a canvas key central defender of the silly brzezinski who also missed the tournaments with a science trained person is a coach meanwhile also stating he will name his final twenty three man squad after friday's friendly with the why. so plenty to ponder for dick of the chaos of the dutch specialist prepares to leave russia into battle against one of the world's strongest national teams this weekend you know our team in moscow the local fans are grasping at the chance to meet liverpool forward. and company to look motif stadium today fellow superstars to go forth and sin all. making the trip on all

three have been confirmed starters for friday's clash the third ranked team in the world set to prove a testing challenge for russia. per person in his final euro two thousand and twelve squad the euro two thousand and eight semifinalists flight to lithuania on may twenty ninth before heading to italy on june first for their final warm up. champions league winners chelsea are meanwhile hoping to sign another ivory coast striker to replace departing european cup final hero didier drogba see ask him off school start. to the blues to buy list for this summer chelsea owner roman abramovich though faces domestic competition also vying for the twenty four year old star this is according to english newspaper the daily mail. manchester city or another powerhouse seeming to bring the hot shots on board forty million u.s. dollars the reported least amount c.s.k. would want for any such deal to go ahead to be a was the league's top scorer this season with twenty three goals at seven more

than its nearest rival alice project off of. the last big club game of the european football season takes place tonight barcelona aiming to put a largely forgettable season behind them when they take on athletic bilbao in the final of the. martha four from prospect expect to be drained the time bringing together two teams who you attack as the only policy the five pellets both sides last chance to win a trophy this season should certainly add to the occasion athletic lost in the final of the europa league this year came up short in the league in the champions league tonight's game also marking pep guardiola was last in charge of the capital . after the final will start another era with no glory all in with tito villanova it would be wrong to think that tito alone will win the league the champions league in all the other times the whole team needs to be more focused than ever before to achieve that. now after russia's success. at the recent ice

hockey world championships this week saw the stars of the domestic game lauded for their achievements the cream of the kitchen crop gathering in moscow to mark the end of the season with a lavish award ceremony this year surprise package guarin cup winner with a squad in the spotlight for us legs knock off who inspired the whites to their maiden kitchell crown was honored as best coach while alexander maaco was named top goaltender another day now a month and neeson rediscover his scoring touch in the playoffs was included in the season's best. it's about. 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've received tonight are because of our great teamwork this season. you know it wasn't the best season for scarlett is we've failed to grab a cab home or it's always a pleasure to get

a word i'm very happy to be chosen for this season's best team but winning the world championships everything. so the care chel season has wrapped up for another year with moscow left to celebrate their inaugural ice hockey crown so let's look back now and enjoy the moments that mattered from the play off final series just go on between development. a. mother. in. law.

the law. it. may be a bit. odd . luck live. live. live.

live. the. lives . of the live live. live

. and after all are the champions now finally to a race with a difference in australia where three series showdown between a car and the helicopter no less reached it's the size of run this week in one corner we have the proton a rally spec car which going to really boast a twenty ten victory over an herbal we're going to pull into a.g.l. action rescue helicopter one a similar show done last year drivers allister and craig p.g. understand putting the pressure on the right from the off by swiftly taking the first run of their surface two or a bottle the helicopter pilots who are then race to victory in the second leg meaning a third bottle would be required swede to understand promptly showing up wheels

better blades guiding the proton while the finish line outside and for the first want to progress. great stuff another is all your sport for whether it's next year in twenty four hour r.t. . you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture.

is he. going to use a secret lover touring to mccurry was able to build the most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and world this is why you should care only on the dog.