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tv   [untitled]    July 5, 2012 2:00am-2:30am EDT

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the u.k. is whole banking sector is under scrutiny as the barclays scandal implicates the elite. big questions remain out of us the geisha into the rate rigging up bucky's continues with the full chief executive failing to provide many of the. violence in syria boils despite the best efforts of peace makers it's a lack of food and soaring prices that's taking its toll on people who haven't even taken sides in the conflict. and europeans are hailing their parliament's decision to reject the controversial and tom piracy act which has been slammed for violating internet freedom.
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hello and thank you for joining our t.v. this thursday with me karen tyrone well barclay's former boss has tried to distance himself from the rate reagan scandal that's shaken the bank that's after he was quizzed by m.p.'s bob diamond was also grilled on the allegations the bank of england and political top brass were involved in over charging interest on loans are to sarah further explained. well this story just looks set to run and run really full mochy for executives bob diamond giving very little away when we saw him being quizzed by m.p.'s yesterday about the rate rigging that went on. now the process went on for a number of hours and left the end of that seemingly very frustrated at their inability to get any concrete information from him a lot of people have been speculating about whether he was going to go down by
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saying that it was less of a smoking gun and more of a downs certainly what we saw in the hours was at the very beginning where bob diamond had seemed quite uncomfortable he was reaching for his water loss of the very very little solid information that came out of that indeed there's been a lot of criticism over the way the questioning was handled and calls maybe for an independent judicial inquiry some people saying perhaps that would be more effective and of course there are some big questions that still need answering some of the big ones that one really cleared up in the questioning process were the involvement in the role that the bank of england and the government have played in this whole situation coming about now what is the one in the discussion we booked i've been repeatedly referred to his love of bond treaty also by the behavior as
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wrong as reprehensible in fact at one point one of the m.p.'s actually stopped to remind him that this isn't just wrongful behavior it's actually criminal behavior to there's going to be a lot of concern over what the next steps will be and over whether the right people are going to receive adequate punishment because of course we've seen bad behavior from the banks for many many years now we've had in the last four years the financial crisis we've got a double dip recession a lot of questions now being asked about the. the entire system and about why this city has so low been able to maintain a stranglehold over the government's economic policy and vespers are now wondering whether barclays bank can bounce back or patrick young believes the whole system needs to be revamped before banks can be trusted again what we've got is a situation where the banks were ultimately during the course of the years running up to the credit crunch of two thousand and eight two thousand and nine palpably
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incompetent very few people really have paid any price within the banks then we had this incredible wave of money where the government for some reasons that are really no one don't need to themselves swarm the banks with money but effectively didn't get a good pint of flesh of them to reform the system and then we've got this situation knowing we're of course it's finally come out that what the banks were actually doing was they were manipulating their own interest rates which is basically like having a business and saying you can set the wholesale price and you can set the retail price and ultimately of course they didn't do it in the interests of the consumers they did it in the interests of the banks the difficulty is this is not limited just to london's bankers i mean this is a global financial problem the system has to be reasonable which is that essentially bankers should not be given a free check they should not be given rewards when the bank makes money and when the bank loses money they have no punishment and they still get rewards the whole system has been affectively socialized so that the community are paying for the
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bankers and the bankers can be as incompetent as they want because they always walk away with the cash that's the tragedy there is morality and finance but there's a great deal that has to be done to the banking system in order to make it truly compliant with the sort of community that we need and also to fund our businesses in the future. london is deliberating on money whether any criminal charges can be pressed against allegedly fraudulent bankers later our financial expert max kaiser explains why he thinks the response will not match the crime. is to be a deterrent in place. to deter criminal behavior and david cameron weighs very quick to say that when the the looters were out there stealing four pound bottles of soda that they should be sent to jail even though they were ten or twelve years old but when confronted with the unequivocal evidence that bob diamond
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and his crew at barclays have been stealing millions and colluding with the bank of england to rig interest rates on the library front he don't sure whether this requires a response or not and that's why you society over there in britain is collapsing in front of his eyes just why the economy can grow is because there is this asymmetrical approach to law and justice where if you're rich and you're a crony of cameron there's one set of laws if you're somebody else then oh that's a totally separate sort of law. you can watch the cars a report in just over an hour right here on our team well with the banking scandal raging at home david cameron is looking to safeguard the u.k. economy from foreign danger. coming up the british prime minister is slammed by greece after he proposes curbing immigration at that suggests he should be looking into where the barclays rate rating instead also why after failed.
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it's typical in our western countries to manage we can just push something through we explore why public outrage at the controversial antipiracy agreement led to its failure in europe. while diplomats and paula. titian's are struggling to find ways to contain the escalating violence in syria ordinary people there are simply trying to survive and it's not just bombs and bullets that threaten their livelihoods but also soaring prices and a lack of basic goods. reports. the conflict in syria that is now being called a civil war there was more bloodshed and killing in syria today the newest massacre in syria while bullets and body bags may lead news headlines on syria but death is not the only toll of this war ordinary citizens who haven't picked sides in this conflict now live in daily fear for their lives and now they're also paying dearly
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with their livelihoods prices for food everything are very highly under growing crisis. now serious currency has lost more than half of its value since the fighting began it used to cost about forty seven syrian pounds to buy one u.s. dollar before the war one hundred pounds for a dollar one year later this inflation unfortunately is only set to get worse with the government now printing more cash just to stay afloat now was once a pillar of syria's economy but an embargo has cut revenues for the government by nearly one third of those sanctions may have been aimed at the government of course it is ordinary syrians who are now paying at the pump four thousand that's about sixty dollars used to be enough for a month but now you need twice as much. to find i spend hours waiting for and it's not just fuel for cars that's difficult to come by
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a single tank of cooking gas can now eat up about half of the average syrians monthly paycheck and that's huge and with shortages spreading across the country even those supplies are guaranteed. life in your weeks in for a week and still have a few we want to live we want to eat but we have no. this is how we have to live there's no other choice now according to the united nations more than one point four million syrians are already at risk for hunger and those who still have access to food are finding that prices are soaring out of their reach now let me show you what i mean when it comes to the average syrian a carton of eggs used to cost about one hundred and ten syrian pounds before the. war after the uprising that amount of money is enough for just two eggs now take sugar for example the price of a bath like this has tripled in cost the amount of money one used to spend on it now by about this amount and even stable food like rice i mean this is a really common food in syria probably enough to feed a small family for about
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a week this has doubled in cost now when it comes to the arab spring the cost of food and fuel has played a critical role as prices rose so that anger in arab nations the same holds true in syria were simply surviving and making ends meet is now a daily battle in the end the price of bread may prove to be a bigger obstacle to peace than a loaded gun for r t i'm lucy catherine of in moscow the road to peace in syria is blocked by the board enough sanctions that are fueling the conflict from grass roots so says the country's minister of domestic trade and opposition member and cognitive feels it's nothing more than hypocrisy from the west. we was out of. syria is in a difficult situation in social and economic terms it has been isolated which primarily hurts the people of syria rather than the assad government therefore the attitude of the west in isolating syria is pure hypocrisy. and their claim that the
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embargo is damaging the assad regime is own substantiated but we believe that once we manage to bring about national reconciliation and restore unity we will be able to end the blockade the way it has happened time and again throughout history both in syria and in other parts of the world. now knows the full interview here on our team and about twenty minutes. athens has lashed out against the british prime minister over his remarks the u.k. could restrict the entry of greeks and citizens of other struggling euro zone countries david cameron stressed it would be an extraordinary move but was meant to protect britain's economy however current affairs charles george says the measure would be illegal. there's never been a situation in which one member states has been allowed to limit immigration from
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from a long standing member state it's true to say that transitional controls can be and have been imposed on the new e.u. members such as the east european assertion countries but as things stand the free movement of people is one of the fundamental principles of the treaty and i think it's very hard to see britain being able to delegate from that true to say that countries are taking a more skeptical view of immigration and certainly in times of recession far right parties right wing parties tend to win more supports and so that puts pressure on moderate centrist leaders to axe the problem is that under article eighteen of the treaty your ban basically from discriminating according to nationality and so if you wanted to. controls greece you'd have to impose controls on immigration from every country and it's cameron going to accept a situation in which u.k. citizens are unable to work and live in the rest of the e.u.
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i do think he is. well control over who enters the country is just about as tight as it can be and but the methods are being questioned. if you're a terrorist and if you're smart you wipe the laptop before you cross and you have a dummy account so that no one will ever access your mail israel's overzealous border guards put many harmless tourists in a strange back on a plane home as we report in a few minutes. 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 realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture.
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fourteen minutes past the hour and europe's internet users are celebrating the rejection by the e.u. parliament of a controversial anti-piracy treaty act that is an international trade agreement aimed at preventing large scale intellectual property theft critics claim the trade deal with threaten people's web freedom outside the e.u. act a has been signed by the us canada japan and several other countries earlier my colleague kevin allen top the last k. from the pirate party u.k. says the rejection by the e.u.
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parliament is a historic victory for citizens from lobbyists. despite the world claims that the copyright lobby is there was no actual proper evidence to show that act was going to help anyone either in terms of jobs or in terms of growth for the economy how that's worth pointing out that attitude was not just rejected change it was comprehensively crawfished. david martin so this was actually. a rejection of the measure that supporters are you're in commission ok the question for europe at the moment as it stands do you think we'll ever be a pan global set of rules coming into place i think what's really clear is that it was a fundamental mistake to try and mix so many different things together but also equally it's a fundamental state try and negotiate to such a treaty behind closed doors would it also without countries like russia india and
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china are. typical our western countries too we can just push something through. changing and are now actually moving away from the negative and tame of the industry agenda i'm actually thinking about all that to be protecting digital i'm actually talking about culture and i actually asked. the internet into technology that we benefit. and one citizen. there's a school of thought that today that x. is being turned in europe piracy is going to be encouraged is one step forward is it a free for all no in your eyes no not at all i think it's worth remembering what the many objections to act were was essentially setting up a surveillance system of turning turning your internet service provider into
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a copyright but it was not just about intellectual property also organizations like medicine some form to get warning that to get the facts the ability of developing nations to access a portable generic drug so this is a tremendous victory against actually what would have been a huge damaging agreement. there are no online restrictions whatsoever on our t's website that's available for you twenty four seven here are some of the stories worth checking out there right now divine physics and the heart of europe. and scientists at cern have traced what seems to be the elusive god particle meaning mankind's a huge step closer to understanding what happened after the big bang. all three arrested members of an anti-crime and pollock were perhaps gone on a hunger strike find out what's push them toward such a move and watch the videos of some of their most outlandish performances that are
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to dot com also make sure you catch all of our best videos on our you tube channel . is he. the official. from the. video. old girl. with the palm of your.
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on the dot com. all right time now to have a look at some other world news and break for you this hour the final report into the handling of the nuclear crisis at the fukushima plant last year has been released by japan's parliament the findings claim both the government and plant operator failed to take measures to avoid the disaster the company. there was nothing it could have done against the huge tsunami wave mass of criticism and angry protests broke out following the accident which led to all nuclear plants being shut down in the country however recently one reactor has been switched back to. the end dependant tunisian marni tasked with reforming the country's media has resigned the commission cited government censorship and distance from ation for halting its activities it was created following the outside president ben ali and has spent the past year drafting
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a new press code to guarantee freedom of speech and independence of the media was the country where the arab spring was boring. another huge protest in peru has seen one person killed and one of its leaders beaten and detained it comes just a day after three people died in clashes between police and demonstrators peruvians are opposing a multibillion dollar mining project financed by u.s. based company opponents claim that more harm eco system destroy water supplies and fail to bring local economic benefits. people have been found following a hostage standoff in southwestern germany an armed man whose girlfriend was facing forced evictions from her apartment killed four people before turning the gun on himself among the dead was the assailants fifty five year old partner who was discovered shot dead in a bed the woman had fallen behind on payments and the flat was sold at a foreclosure auction and more. tourists may be flocking to the holy learn from
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all over the world but the spiritual journey of some of them comes to an abrupt end at passport control israeli airport security is being accused of overstepping its authority by demanding access to people's private data in an attempt to prevent terrorists from sneaking into the country artist polis leader reports. they come. millions to touch the hoody now and many of the frustrated seeing little more than the airport instead of touching the holy land they are brushed by a port security and sent home with them goes a large slice of the country's tourism sandra tamale from illinois in the united states was one of the disappointed i handed my passport over and the woman looked at me and said what is your father's name what is your grandfather's name and when i told her she asked. have a say in a waiting room sandra tomar we kept that seat warm for eight hours in that time she
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was interrogated seven times and then the question became focused on my e-mail and what i thought of you and your mail account and when i refused to block my g. mail account that's. all be hiding something. i was asked very plainly are you a terrorist and i didn't know what. the last israeli airport security was as serious as it could be they didn't believe her story of coming to visit family and taking part in an interfaith conference they also knew she'd been involved in campaigns calling for boycotts and disinvestment from israel. a day later she was on a plane back to the united states. sandra's experience is not unique there are many more who have suffered in the same way it appears this experience could be merely the tip of the iceberg this is way beyond anything it's like asking you to go back home and open your safe. see what's there they can find your contact list
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they can find. where are your plans where you're heading to everything but the thing is that if you're a terrorist and if you're smart you wipe your laptop before you cross and you have a dummy account so that no one will ever see a mail but saying let's focus on the beauty of it all but also remember aware of the problem two operators are telling potential tourists what to say during a board we encourage all of our groups to sure. don't. go in only we're through the worst broke but deleting facebook profiles from setting up fake email addresses doesn't touch on legal questions there certainly is no basis in law whatsoever for them to be asking people for their passwords and usernames and entering their g.
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mail accounts i find it incredibly difficult to believe that they had obtained a warrant for any of these searches. and so i think it would be very difficult to find a basis in israeli law for this kind of search israel strictness follows a series of run ins with international activists in recent years hundreds of propeller stimmung demonstrators were stopped from flying into the country recently as israel tightens its grip on who can and cannot step foot in the holy land police here r.t. tel aviv. across now to download our business desk and angle of marco tells a tale is to be patient. to lose prime minister. rove last night she said germans are also putting up with tough spending cuts and they couldn't expect to see positive clearly of spending cuts in a matter of months it comes on growing protests by italians of fresh of job losses list services this week france has announced a billion euro in new taxes on the rich and big companies country needs to hold its
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vast public that is the pure moscovici says the wealthiest households and large firms will have to contribute the new socialist governments no gearing up for a floyd with its traditional friends the trade unions it wants to cap their pay rises. the euro is flat against the dollar after fairly heavy losses yesterday the ruble is losing some of yesterday's gains in the opening minutes here in moscow asian investors all nervous ahead of the european central bank's meeting today when they could cut interest rates to record lows brant is slipping on the one hundred dollars a barrel of the moment news the service sectors across europe a shrinking again has triggered demand concerns both. have just opened lower of the posting games of wednesday show doing that week of crude tries but business is with less exposure to the eurozone crisis or outperforming e.u. rivals mobile operator says twenty percent all new york stock markets this year
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most of its hundred million subscribers are in for scoring and the sea is one of the worst performers is royal operate a vehicle called blame it's european risk of the merging with italy's when telecommunications last year and europe today use an interview on the website thanks a lot for that. it world number one tennis player no it sure will clash with six times when will then champion roger federer in the all england club semifinals more details in our sports update in just over. fifteen minutes but first the headlines.
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has the idea of multicultural society. sharing the motherland on our t.v. .
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pool started here before going global. cooling fire. choose your place take your stand. to. make your statement. split the word.
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stream flowing. well. please technology innovation all the latest developments from around russia. the future.

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