tv [untitled] June 5, 2012 6:30am-7:00am EDT
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if you move. from phones to these. stunts on t.v. dot com. this is o.t. for moscow our top stories for you america closes the next row julian assange. harassing his contacts in an apparent attempt to gather the world's most famous whistleblower. egypt's muslim brotherhood sides with police for a million month protest calling from a bar execs accused hoping it will also sweep aside the presidential election rival . the student union but the approach is looking for some of china's economic fortune cookies while moscow and beijing continue to read from the same page when it comes to world politics. and up next r.t. talks to subramanian he's from the peterson institute for international economics
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he gives us his prediction about who he thinks will be holding the reins of world power in the not too distant future. i'm sitting down with arvind subramanian leading economist fellow at the peterson institute for international economics and the center for global development his book is called eclipse living in the shadow of china's economic dominance and here you see president obama. the chinese leader. it's a really dominating i mean many in the u.s. would say that the u.s. is still the richest country in all that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states that's true but if you measure it in terms of purchasing power it's as big as the united states one second
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china is already the world's largest trader. three china is a big net creditor to the world it finances the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the fact the big trader and the fact that it's a creditor confers on it a lot of power that's today and over the next ten fifteen years all these numbers are going to go in china's favor so the china's going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example swan example so take the fact that china you know finances the u.s. right or to so much cash three point three trillion dollars worth of cash if europe gets into trouble oh no it which would happen which country in the world has the
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ability to be allowed to you're not the united states china because there's three trillion dollars and when it has that power or that ability it can always exercise power what could be political ramifications for that as far as crucial foreign policy issues for example over syria will the u.s. pay more attention to what china thinks about certain issues well if you take you down for example i think it's you know the u.s. wants china to be on its side and you know if china were to sit take north korea for example you know it's a great example you know if china were on the side of the u.s. . things would be so much easier but but the fact that china has an independent view on north korea makes chinese american dealings with north korea that much more difficult in fact in my book i begin my book with a kind of fantasy scenario where i say that you know ten years from now if the united states gets into so much economic trouble right that it will have to borrow
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money and if only china has the money to provide the u.s. china might say well we don't like your military presence in the pacific you're naval presence and you have to you know get rid of that sort economic power can always be leveraged for political and foreign policy objectives the good things that one of the reasons not to get all four kind of anxious about this is that it is a mutually dependent relationship you know so one country doesn't want to inflict too much damage on the other because it backfires on yourself but that being said there are areas where you know some countries you know china has more power and it could use that too and i mean like for example as i said you're on north korea or iran or you know the fact it's just so much financial power and economic power can always be used for political ends but isn't that a good thing in a sense that there it restores some kind of balance when there is not just one kid
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on the block ruling everything but there is a kid consulting with everyone else because it is dependent on another that's a that's a good point but but there are you know they can be two views on this right one view is that after world war two the u.s. was able to determine how the global economic system would function right and broadly it had a liberal view you know there should be more free flow of goods and services and so on which everyone benefited from and the country that benefited most from that was china you know the fact that markets were open so some would say that if you have one big good guys. maybe it's better than having multiple guys who kind of kind of relating to you know what you could do two thousand of a very you know a lot of the world i guess that one good guy can actually turn into a bad guy at some point that's a risk that's exactly but but the flip side to having multiple you know sources of
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power is that you can also get paralysis in decision making so whether cooperation is easier with you know one was brought to you or with multiple sources of power multiple veto points making cooperation more difficult more easy is an open question you can argue it both ways but i would argue for multiple powers because when we're talking about a unilateral approach we have an example of that iraq. absolutely that's a very good point that nobody was there to stop it exactly so i think the point it's a very good point that you make is that you know if you have you know a one one hour you know even if they can sometimes you know do tings unilaterally which are bad objectives because they want to check that the u.s. is the world's biggest debtor and it seems the main way they address the gigantic that problem is the money printing machine. has money printing become america's
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main business. well i think yes and no i think it's on the one hand you know to have printed a lot of money in the last let's say three four years you know but i think they would argue with some i think fairness that that's what you needed to get this economy back. when it went into you know the kind of great recession after the crisis you wrote a lot about china keeping their currency deliberately undervalued to preserve their competitive advantage the u.s. is terribly unhappy about that yeah but the u.s. on the other hand is also playing with their currency constantly printing money that they don't have to pay all of their dead. don't you see the hypocrisy when when the u.s. is bashing china over their currency policy but at the same time playing with their
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own currency in a way that is not necessarily fair well i would say that you know i think this is a pattern little but i think the past is over done the funny thing is the following that even though the u.s. has been printing a lot of money in the last two trios off the crisis the dollar has been weakened it has become stronger. so you print a lot of money if you really want to make your currency cheap uncompetitive you know you would print a lot of money but because the rest of the world still has so much confidence in the dollar when there's a crisis the oil come to dollars and the dollar becomes strong so the effect of all this printing money has not been to make the currency cheaper you know with the china's policies has made the chinese currency cheaper what you've been talking about is basically the world's confidence in u.s. dollar and dollar dominance allows the u.s.
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to live beyond its means essentially to some extent yet so how long can it last well the thing is that it cannot last indefinitely because in my book i argue that because of this or do rise of china. and the fact that the chinese economy is becoming so strong it's a credit to big trader gradually over time the chinese currency would start to become like you know kind of displace the dollar because people will have more confidence in the chinese currency than in the american currency that's going to be a gradual process and you know but at some point it could start to happen gradually and that that point you know the u.s. no longer has the ability to live beyond its means like you said because the dollar's dominant but but that's going to happen over the next ten fifteen years the i.m.f.'s traditionally been dominated by europe and the united states it was
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set up that way and he here you have this mess if that crisis in years on countries and you have the years on countries asking nine years on countries to contribute more resources to the i.m.f. to help them out do you think this current crisis could change the way the i.m.f. works to sort of shift the centers of power but it's a very good question i think to some extent it's happening already it's happening already because you know the formal voting is still very much biased as you said in favor of europe and united states but the more the more europe gets into trouble the more it will need money from the outside you know. frankly there's no border was don't have power creditors call the shots and at that stage we know europe starts weakening and it needs money from the outside and if only china and russia and brazil have the money to provide it they will ask for you know changing the system they will have more power will say well if we don't do these things we don't
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give you the money so when you become weak you know it's inevitable that power shifts away from you. and that's what the european crisis is actually galvanizing and changes in the international institutions thank you russia. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we thought. we wanted to present. something else.
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you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcome to the big picture. in the news sigrid laboratory to mccurry was able to build a new most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach me the creation and why it should care about humans and worry that this is why you should care only on the dog. planation in free play critic a should be free. for charges free. range humans three plus three plus two types of free.
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headlines america closes the nets are on julian assange with the f.b.i. now resting his contacts in the power of the time to gather the world's most famous whistleblower. live and here in eastern union good even looking at some of china's economic fulci and cookies will moscow and beijing continue to read from the same page when it comes to world politics you're watching the chinese president hu jintao and mr putin holding a press conference to hopefully sign small deal some seventeen major business deals and trade deals are expected to be signed live event other headlines from us egypt's muslim brotherhood saw aides with moves for a million man protest calling for mubarak's execution hoping it will also sweep aside the presidential election and rival. europe today without top stories now
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world sport news roman. thanksgiving hello and welcome to this is sport on arts eat with me or i'm on call served plenty of ahead over the next ten minutes or so but first the headlines still standing russia's sole representative in the french open maria sharapova books her place in the quarterfinals with a three set win over czech klara as a couple of our. youth against experience fight night showdown returns with a russia usa clash scheduled for thursday with both warriors speeding confidence of their victory. and let's all russia's young weightlifting stories hoping to clinch the country's first ever olympic gold at the london games. let's start on the clay
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courts of the french open where the last russian standing maria sharapova has booked her place in the quarterfinals all vote she was pushed all the way to her last sixteen tie and see the czech ball of becoming the first player to take a set off sharapova the thirty year old won the second on that side break but the fabian native rallied to win over three hours six four six seven six two as stony as kaia kanepi is up next. it was a good chance for me you know i had chances to finish it and to certain i didn't. but i came out strong third set in i guess that's you know really what matters is nice to be in the quarters again elsewhere not least so i sold the fence came to an abrupt end as the chinese store was crashing out so i'll see to your slava she had about three six six two six love seven c. joins the likes of serena williams and victoria azarenka on the sidelines. meanwhile wimbledon champion fed truck the device breezed past varvara election
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called the united states as the czech never faced a breakpoint and needed and hour flat to secure a six two six one victory. over on the men's side holder rafael nadal stayed on course for a record seventh so it's all the second seed spaniard real adult seventeen straight games to thrash one monaco sixteen six love six love but it was full of respect for the argentinian. i think he's playing probably the best thing is if you syria but probably not. specially last the last. you know i saw him a little bit. suffering google bit on. this one of my best friends are. very sorry for him but in the same time you know he's playing different. world number four and a murray had a much harder time against local favored rashard gask
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a that britain was seemingly struggling with his hip in the opening set to lose it six one but he battled back to what one six six four six one six two and remain in contention for his amazing grand slam title. standing in the way next to spaniard ferrer the number six seed progressed at the expense of compadres marcel granollers and has yet to drop a set after winning this one six three six two six love so murray is bracing himself for itself and counter. both of those flintoff we can see among. in matches on and you know trying to. get on very well with them and. know each other very well. he's one of the best clothes in the world on any surface. also through its freshman joel for its own goal of the number five seed outstaying studies last fall bring called switzerland's and it cites five setter six four
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seven six three six three six six four the final score waiting in the quarterfinals is world number one no bob jock itch. former u.s. open champion juan martin del potro is also through he checked so much burdick in a battle of the big servers he came through in four sets seven six one six six three seven five the argentinian now meets a real shit better. in football or russia have held their first training session after arriving in poland for the fast approaching european championships caught put his men through their paces just outside warsaw with defender alexander and you call it and we feel there is miles of training with the group again a russia kick start their euro campaign against the czech republic on friday and have emerged as the in-form side after a stunning it's of the three nil in a friendly last week zinni to feel their bags a late brace in that morale boosting victory. also testing the ground early work
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the german national team as a crowd sent thousand fans turned up to what you ought to know loads men workouts and guns polish born miroslav klose he and lukas podolski received arguably the warmest welcome while a recent injury warrior bus young schweinsteiger also to court germany face portugal in their opener on saturday and say they will have to work hard if they are to qualify from their group b. . it's a very tough group. strong teams like the netherlands and portugal we're also among the favorites and denmark it's not very comfortable to play but. the best may win them we have to start going against portugal. elsewhere it's wise former world player of the year round has signed for a new side in his native brazil the thirty two year old joins atlético men a role at least until the end of the year the move comes less than a week after the forward left flamengo and sued his former club over unpaid wages
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the former barcelona and midlands star claims he's old up to twenty million u.s. dollars. moving on to basketball and the n.b.a. where oklahoma took the lead in the western conference finals series following a one zero eight one zero three win over san antonio the thunder became the first all of the two sides to clinch and the way of victory and instrumental for the visiting side work kevin durant's with twenty seven points russell westbrook with twenty three and james harden with twenty the spurs manoj in albany added a whopping thirty four points however that was still not enough as oklahoma now take a three two series lead ahead of game six which takes place on wednesday on their home court. we just play harder play more together. twenty two says you know it was great controlling the whole game both as a floor. you know we kind of follow his lead you know in which is plan together man
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a plan. no one should leave everything on the floor you know you give yourself a good chance so you just gotta keep going. and that brings us to martial arts where the fight night showdown returns to the russian capital for the seventh time this thursday top of the bill will see one of russia's best heavyweight prospects vitali call facing american sanchez twenty nine year old is the vastly more experienced of its competitors he's won thirteen of his nineteen fights and has competed on the world's biggest stage at m.m.a. promotion such as you see and balance or his russian opponent however is the three time world sambo champion whose strength is obvious with four of his seven professional wins by way of submission. here is my message to eddie do not relax stay focused i have a lot to offer in the ring i'm looking forward to despite and i would like to wish eddie the best of luck but it's
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a safe bet i will produce many surprises. as we pour stuff would be the standard distraction he says he's ready for anywhere so we'll see i love surprises. so i hope the surprise is the start of this feat so we'll see we'll see what happens i think that's a lot of talk once a fire comes. to throw. the london olympics are just around the corner and one of russia's in younger stars in a way letting. aims to clinch the country's amazing gold and our correspondent caught up with one of the strongest women in the world. weightlifting used to be very popular in the soviet union and the names of olympic and world champions were well known around the country those helton days are over not only because the sport is no longer so but also because of the many myths prejudices and negative publicity surrounding weightlifting. with now television broadcasts weightlifting
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only rarely people don't know about the sport and believe false stories because once a mother brought her some to me and said she wanted him to start weightlifting so he wouldn't grow very tall it doesn't work like that luckily one of russia's brightest stars in women's weightlifting that jameka shooting that didn't listen to all the stories and put the burden of restoring the country to its place among the sports heavyweights on her own shoulders it's hard to imagine that the woman who can leave more than twice her own body weight get involved in this board by accident as she once knocked on the wrong door in the g.m. and instead of going to a dance where she went into the weightlifting room there were tears in the old school that into the sport by accident but i have never regretted it girls will be girls even if our sport is weightlifting was more i think that regulators have strong characters that's what can scare me and i have that women have a much stronger personality pollutant it wasn't hard to discover her talent when
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she first arrived in the gym you could clearly see have potential at the age of twelve she could lift the weights of amateur athletes i've never heard of young weightlifters who could do that anywhere in the world russia has never won the olympic gold in women's weightlifting since this board was introduced in two thousand while four times. european champion and twenty ten world champion sure in the he's just twenty one years old and it seems their lead from the moscow region has plenty of time to claim the world's strongest woman titles i give lots of respect to all my opponents there are always many good competitors but i don't compete with them as i don't really care who they are i mean bible is a barbell in my aim is to beat it because shooting those results have become much heavier over the last two years and she holds the world record over one hundred forty feel rooms in the snatch however due to the strength of the chinese and south
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korean rivals even this weight might not be enough for the gold in london though the russian will be going all out to claim a personal best and a maiden medal constantine brought up a mighty. and reformer we'll bring you up to date less than a couple of hours from now but our you tube channel is available to you at any time just look for artsy sport news and i'll see as. well for the. science technology innovation all the latest developments from around russia we've got the future covered.
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