thank you for joining our team at half past the hour here's a quick recap of your headlines the former balls of barclays is set for tough questioning from british and ease this wednesday for a deepening banking scandal but many are asking why the u.k. government has allowed the financial industry to maintain a strong home from politics for so long. they you parliament is set to decide whether our highly disputed anti-piracy act will get the green light the anti-counterfeiting trade agreements known as an actor is aimed at tackling copyright theft a critics say it risks destroying all nine freedoms. and as the final episode of

julian assange news making interview show airs on our t.v. we look back at the highlights am impact of the series that whistleblower himself remains holed up in ecuador's embassy waiting for a decision on his asylum page. as the occupy protest gears up for its first u.s. national demonstration on the american independence day we talk to former wall street insider alexis goldstein who decided to change sides and join the movement. i. for seven years she was a wall street insider to day she is an occupy wall street activists alexis goldstein joins me now to talk about her experience in one of america's most profitable industries alexis thank you very much for sitting down with r.t. thank you for having me since the start of the occupy movement in september two

thousand and eleven you may be possibly one of the most vocal wall street insiders in the u.s. to come out and pretty much blow the whistle on the culture there you recently wrote an article saying that wall street may june two cynical bitter depressed exhausted and paranoid and you felt everyone was out to screw you you spent seven years there why did you put up with that kind of environment for seven years well i think it's a pretty easy answer you're paid pretty well on wall street and it's also pretty alluring you work with a lot of people that are very smart it's sort of this culture where everyone sort of feels superior and so you're always always jostling for position neighing and so it's very competitive and i'm competitive and i you know in some ways enjoy that environment and you know you're paid better than really pretty much anywhere where else you work unless maybe you became an entrepreneur and hit it rich so there's a lot of things about it that are very appealing and sort of compel you to stay as long as you can stay in the public often hears the stereotypes of wall street being

toxic and pervasive and ruthless but you basically say that's all true can you give me examples of that i mean what how is it as bad as you say face the reason it's so difficult is because no one goes on wall street to help the world everyone goes to wall street to make money and so because everyone is there to make money you're in competition with everyone else and even though almost every bank or i think everything worked out in the most banks on the street you're not allowed to talk about compensation. and in some big it's actually a fireable offense that doesn't stop people from spreading rumors or guessing about how much other people are made so that's the sort of focus at all times isn't i've been compensated fairly and might be compensated more in this person than i think it does have a worse job than i do and so it becomes this this environment of envy and that's not a very comfortable happy place for a work it's all about how much money you're making you're in competition with

everyone else right there is one bonus pool and there might be sort of sections of the bonus pool for different departments but you're always in competition with others and that makes for i think a pretty toxic environment according to reports the bonus on ball street at the end of last year was roughly one hundred twenty one thousand dollars. are some people so greedy that that type of bonus is not even enough for them well yeah it all depends where you sit right the people in sales and trading which so there's something called the cost center and the profit center on wall street and the profit center are people who make the profits in theory the traders the sales people getting clients and then there's the cost center that's things like technology and legal and operations and so i think you know maybe in sales and trading that would actually be a pretty paltry bonus where is you know in the cost center that might actually be a great bonus or you know so it all depends on where you sit but absolutely that is not the kind of bonus that your top trader is going to want to be making or they would walk one hundred twenty one thousand dollars for

a top trader that would not be very much no you worked at morgan stanley merrill lynch which was it across the board all banks and every bank has its own culture but it's all about money at the end of the day and so there is one thing i think that they all do have in common that there is this tremendous amount of competition it is ruthless you're never quite sure who's on your side and who isn't so even though every place is slightly different i do think that they have that in common you know from the get go you were going to wall street in the hopes of of the. making a lot of money what surprised you that you weren't expecting because you you had to have known it was going to be cutthroat sure i guess maybe what surprised me is that you're never satisfied that you're always sort of looking to go up the food chain you're always kind of looking for the next step up and and there's always someone to compete with now i was sort of if you compare me to sort of a top trainer who was nowhere close to that but that doesn't mean that you don't still have this same sense of need more more more and it least for me that that

left me feeling very empty and it wasn't a fulfilling place to be it wasn't something that i felt satisfied at the end of the day you're always sort of on your blackberry right before you go to sleep you're on your blackberry right when you wake up and so it's not like i felt fulfilled professionally by what i was doing and so it's just sort of maybe you know there wasn't a spark but it not on me over time and i really felt like i wanted to do something that that brought me more meaning wall street contribution though can it really be one hundred percent terrible across the board does the financial industry in the u.s. do anything to create jobs or strengthen america's economy based on what you experienced it depends what area you're talking about so most of these being sort of these large mega banks that have commercial banks and investment banks and i do think that the commercial banks are very important for you know making student loans giving out mortgages but i do think that a lot of what happens on the investment bank side is what we call financial engineering which is basically creating new products and sometimes those products

are created to run around regulations or to run around tax and there's been studies about you know what percentage of them are and aren't done in order to evade taxes and evade regulations but i would hazard to say that it's a fairly high percentage of them that are created for that purpose and that is not something that is moving the economy forward that is something that's serving to enrich a group of already fairly wealthy people you say that wall street so-called american dream is to earn enough money so that you. and behave in a way that makes the very existence of other people irrelevant if that is the case do you think the financial industry is threatened by the occupy movement i don't know that they are but i think that there is probably going to be a lot of flight from maybe wall street banks to hedge funds at least for the people that can make that move if they are threatened because that still at this point in

this country a fairly unregulated space is the hedge fund space but it is that bubble right so i do think that there probably are people that aren't threatened that much by the occupy movement but i also think it's having some effect on recruiting so i do think it is having a small impact but it's probably not having much of an impact at the very very top because they are so disconnected in that it's a bubble it's a very insular place and like i said in the article the goal is to make i guess you money if i can say that if you can and so if you have a few money you don't really care what's going on in the wider world if elected officials if u.s. lawmakers are leaving the doors open for these banks to continue gambling with people's jobs with their pensions with their retirement funds with their homes their. doesn't the responsibility also fall out of the elected officials because every lot of people are saying wall street greed wall street greed. where does washington come in there's a lot of blame to go around i do think that washington is has very much

a part of this that is very much to blame for a lot of the deregulation that led to the bubble from everything from alan greenspan keeping interest rates low for so long to be like what's happening now right but i guess we were sort of in more of a boom back then and we are right now but yeah sort of so everything from fiscal policy to things like killing glass steagall in one thousand nine hundred nine which under the clinton administration that's right you know the commodity futures modernization act which came about the year before and was pushed really hard by senator phil gramm whose wife wendy gramm was on the board of enron and he put a nice little enron loophole in there there's there's a lot of blame to go around i found very interesting about the occupy movement is how many of those taking part in demos and stuff are aware of the financial influence the corporations and the banks the u.s. have on u.s. politics they know the amount of financial contributions and donations that are

being made to every u.s. alexis social all the way to the top all the way to u.s. president barack obama. is that the biggest hurdle for this movement to really overcome because if you have corporations that are so powerful and giving so much money to the people in the united states that are governing and making the decisions and writing the laws how do you change the system i think i think you're right i think that is the biggest hurdle i think there if there is one general theme that unites all of occupy it is that money and politics has sort of corrupted the system to the extent that everything is broken so i do think that that is our biggest challenge is how do we sort of pull back on that and how do we how do we fight one of my favorite signs and t. shirts i've seen and i saw a bunch of this on may day was someone was wearing a shirt that said i can't afford a lobbyist so i occupy wall street i mean there's been studies that have shown that the sort of bottom third of the income brackets have no say have no influence over

their elected officials and you know the sort of the middle fair has something the top that has the most say so i do think that this is a big byproduct of the sort of corruption and of money in politics is the occupy movement in the article that you recently wrote you called on your friends who quote still do well behind on wall street to come join the occupy movement how many more wall street employees are out there that share your sentiments you know there's more than you would think a lot of them still are employed though so they act in anonymous capacities and then there's a number of people who have left one of my members in. a former derivatives trader i've worked with someone in the alternative banking working group who is a former quantity there's more of us than you would think but i and there are a lot of people on wall street who are disgruntled so that's sort of who the call was out to was my friends that are still there that i know would like to leave but for whatever reason i haven't done so yet in january u.s. president barack obama announced the creation of

a residential mortgage backed securities fraud task force since the creation of that unit more than four hundred thousand homes have reportedly been foreclosed on . and not one bank or employee has been charged or held accountable for fraud or abuse that led up to the two thousand and eight financial crisis recently you took part in an event in which dozens of americans were volunteering their help to that task force you were out on the streets eventually a few people were arrested can you tell me more about that event so it is state of the. taskforce there's five co-chairs of the task force they don't have an executive director yet but they have these five co-chairs the co-chairs whose office we had a sit in is that is attorney general eric schneiderman of new york he was recently profiled in this magazine the american prospect and he said basically i need

everyone out there to help to make this as strong and thorough of an investigation as it needs to be so we had big signs with his quote on it about the strong and thorough investigation and we were chanting outside literally we're here to help we're here to help there's a lot of questions about this task force there's a lot of questions that we have there's a lot of questions that the public has about you know why do we only have fifty people right now if you compare that to the enron investigation there were one hundred people and that was just one company you compare it to savings and loan there were a thousand we have seen no arrests and the ironic thing about the sit in was even though we were peaceful and we were talking with a rep from the schneiderman's office who had come down they did not call the police but the building manager did call the police and the police were on the megaphone saying you know you have to leave you have to leave even though we were having a very fruitful discussion with the rest of the office and then the police decided to arrest four of the protesters for trespassing and so we now have four people who are arrested for going to the office and trying to ask questions and trying to

offer assistance but we still have no no arrests for anyone who been responsible for bringing down the economy thank you very much for a time thank you for having me. culture is that so much different and there's a huge music history of the person on the mark with the foreign occupation of iraq may have formally ended six months ago produced countries woes are countless and getting worse there's political paralysis. wealthy british soil some respite on the right for. markets why not. come to. find out what's really happening to the global economy

with much stronger for a no holds barred look at the global financial headlines tune in to conjure reports on. the former boss of barclays a search for tough questioning from british m.p.'s this wednesday over a deepening banking scandal but many are asking why the u.k. government has allowed the financial industry to maintain a strong hold on politics for so long. a new parliament is set to decide whether a highly disputed anti-piracy act will get the green light the anti-counterfeiting trade agreement known as act is aimed at tackling copyright theft but critics say it risks destroying all manfredo. and as the final episode of julian assange as news making interview show airs on our t.v. we look back at the highlights and impact of the series all the whistleblower and

south is holed up in ecuador's embassy waiting for a decision on his asylum there. up next it's all the latest sports news with paul. thank you very much karen welcome to the sports headlines here is what we've got coming out packing their bags russia's last female representative of wimbledon maria kirilenko is out as potent i guess go advance go reaches the semifinals. through the gaze at twenty two year old peter sagan wins his second stage of the tour de france but far beyond country lara still leads the overall standings. and sailing success after nine grueling months french team flew palma when the volvo ocean race claiming an unassailable leading goal way. before the semifinal lineup in the women's singles wimbledon is now nine however russia won top of

a representative after maria kirilenko went down in three sets to pose i can ask in the quarterfinals rounds go was the only top ten player never to have reached the last four of a grand slam but she rectified that against her former doubles partner a resilient performance following three rain delays and amid. some cry for six seven five the final score. for a bronze going i'll face is german janine cohen but in the last four after she became patrick it's a maria sharapova is congress something that it's been three have been trying to have fifty much point four six three six seven seven five victory. in well sir william's is on course for a fifth all england club try to cast the defending champion patrick a victory in straight sets america with a final six three seven five the school ride in a pulsating last time. i mean it just feels like a good win you know she was playing very well. so you know it was more about the

throwing and just going out there and just playing the mansion doing the best i could well next up for the american is victoria azarenka who has reached the samis for the second consecutive year the world number to be the world number thirty seven time in a pressure. in straight sets six three seven six. on the run up in the men's draw will be nine later on wednesday that is of course weather permitting russian make i'll usually faces a tough test against six time champion roger federer the thirty year old from moscow has lost his previous thirteen meetings against the world number three but also for sent to court as the match between four. and spaniard david photograph. in the other two quarterfinal matches world number one novak djokovic takes on germany florian maya the thirty first seed has already called his best ever grand slam appearance by reaching the last eight of frenchman j. will fritz tsonga will be trying to equal his best wimbledon performance when he takes on meyers compadre at philipp kohlschreiber song there was

a beat in semifinalists twelve months ago. now in football and reversed by last has returned to management in england the former chelsea boss back in london to take over the reins at tottenham the portuguese has been out of work since being sacked by chelsea in march he now takes over the top job which was left vacant by the departure of harry redknapp three weeks ago the thirty four year old signing a three year deal finished fourth last season for the second time in three years it's. now over to cycling where the sport could have a new star slovakia's peter sagan has won stage three of the tour de france to add to his opening stage of victory the one hundred ninety seven kilometers stateroom all crito of brawn somewhere turned out to be a treacherous route for many of the right is with poor large crashes some were forced to retire with injuries say can i avoid all peer fools the twenty two year old was asked to cross the line into turning into lake forest gump as celebration

as he did so probably in country lara finished fourth but we change the overall it is yellow jersey as well as the seven secondly there are british rival driving wiggins and french and silver and shove in our face for take place on wednesday with a two hundred fourteen kilometer ride from abbey it'll ruin. now an athletics great britain has selected the seventy eight athletes to compete in the london olympics that's in track and field controversial sprinter doing chambers is among them the london born athlete was picked for the one hundred meters and the four by one hundred meter relay now earlier this year you remember the british olympic association was forced by the court of arbitration for sport to lift its lifetime ban on chambers for a previous doping offense. i know a lot about it too and we've been very clear we will embrace any update including those you've named us i'm going to team that will give the team will give him the best support and hopefully their chief the best performance possible. for happy about now with those games less than a month away organizes it take no chances with the most sought after prize is the

english capitals historic tower of london becoming the safe haven for the four thousand seven hundred gold silver i'm grown these medals the tower has served as a storage venue for the fabled crown jewels for more than six hundred years the first medal will be presented in the women's shoes events on july the twenty eighth with eight hundred and four victory ceremonies to follow. now in formula one race he is test driver maria device has regained consciousness after suffering life threatening injuries during a crash next weekend's british grand prix the thirty two year old smashing into a support lorry after completing her first lap at duxford old eyewitnesses stating the video tour was attempting to slow down from mechanical jack when her car suddenly sped up and hit a stationary truck the daughter of former f one driver emilio was motionless for fifteen minutes then it began moving her hands before being moved to a nearby hospital she is now conscious but under constant surveillance. to go where

the russian open championship ended this weekend on the outskirts of moscow but he may also. go over crowned champions as constantine to top off reports. previously this competition was also going to professionals but it's now an all amateur tournament however that didn't affect the nerve of the event keeping speak taters thrilled until the last hole in men's can petition blood union or ship of clean the ground with a relatively modest score of two over seventy one in the final round at the call all seems designed course seventeen year old or sip of managed to beat the run up or stress alexander clearest by three strokes even after making an double bogey on the eighteenth. hole it was a great pleasure to play at the championship everything was organized really well i'm happy to win the title although it wasn't my my aim was to perform well and cardigans score i think i did and i'm satisfied. meanwhile in

women's mean that big confidently grabbed the title dominating from the start date in year old set a new course record at their go out of golf club with a six under par sixty five on hold when in rome and she kept up that form until liane there were talking a little board on four and overall that was a whopping nine shots clear of her nearest rival and killing the monarch and there he had been. right in the. rain and it was very hard to play and there he had this is a great score from last year's winner was for a tennis number one you've got to go but because he is now a gulf war he wasn't able to defend his title however just allowing him interest to compete does give up incoming talented chance to shine and underlines russians long

term goal of producing golf stars in the future constantine but out of our team. now staying with golf where maybe a couple of months away yet but on to supply a shim is growing ahead of the ryder cup by annual event takes place in illinois in september europe are the current holder supporting me i say captain davis love the third his recent success on the p.g.a. tour shows his men have what it takes to wrestle the trophy back. i think we get overlooked a little bit now people start to catch on that our tour american players the young players are playing very very well now but every time i go to a ryder cup we sit up on the stage and we look at our team and we think wow we have a great team it always is close we know that this ryder cup is going to be close no matter how our plan but i think this year will go in with a lot of confidence and to finally to sailing with a group palma have become the twenty twelve. champions with a race to spare the victory marking only the second ever win by french group in the prestigious insurance event frank thomas son company trading leads with companies

eland and telefonica throughout the five hundred fifty nautical mile ninth leg however i needed a top four finish in the spring and ended up coming home second in to go away an island behind that was old securing them an unassailable twenty four point lead with only an import race remaining in the celebrations could begin. to think. that they would like they said. yes. i want. to thank their. great scenes of celebration that is all from the world of sport for now we thought with more than a little under two hours time here on our take join me then. well

for. science technology innovation all the latest developments from around russia we've gone to the future or covered. in full starting here before going global and now it's pulling viral. log in. to look around. choose your place take your stand. and needs to. make your statement. spread the word. occupy wall street along.

line. would be soo much brighter if you knew all about some.