tv [untitled] July 5, 2012 3:00am-3:30am EDT
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the u.k.'s whole banking sector is under scrutiny as the barclays scandal implicates the elite. big questions remain out the investigation into the rate rigging up 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 anti-piracy act which has been slammed for violating internet freedom. the birth. service stations the brochure will have all the business just over twenty.
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onscreen and online twenty four hours a day seven days a week you're with r t with me karen tara well barclays former balsa has tried to distance himself from the rate rigging scandal that's shaken the bank that's after he was quizzed by and 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 for a to explain. well this story just to run and run really full the chief executive of buckley's 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
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a number of hours and piece 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 fighting but it was less of a smoking gun and more of a dunce certainly what we saw over the hours was the very beginning where bob diamond had seen quite uncomfortable he was reaching for his water a lot of the time 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
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this whole situation coming about now what is the one in the discussion we've heard bob diamond repeatedly referred to his love of bob beattie also describes the behavior as wrong as reprehensible in fact at one point one of the m.p.'s actually stops 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 a for 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 investors are now wondering whether or not barclays banks really can bounce back financial advisor patrick
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allan 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 power probably 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 swung 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 where 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
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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 effectively socialized so that the community are paying for the 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 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. there has to be a deterrent in place. to deter criminal behavior and david cameron was
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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 and his crew of 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 own just why the economy can't 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. watch the cars a report just over twenty minutes right here on our well with the banking scandal raging at home david cameron is looking to safeguard the u.k. economy from foreign dangers. coming up in the program the british prime minister
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is slammed by greece after he proposes curbing immigration athens suggest he should be looking into barclays rate rigging instead also why an actor failed. typical of. western countries to manage just push some through we explore why public outrage at the controversial anti-piracy agreement led to its failure in europe. while diplomats and politicians are struggling to find ways to contain the escalating violence in syria ordinary people they 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 artie's lucy coffin of 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 to news headlines on syria but death
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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 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 now those sanctions may have been aimed at the government but of course it is ordinary syrians who are now paying at the pump four thousand that's about sixty dollars used to be in for a month but now you need twice as much. to find i spend hours waiting. and it's not
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just fuel for cars that's difficult to come by a single tank of cooking gas can now eat up about half of the average syrians monthly paycheck i mean that's huge and with shortages spreading across the country even those supplies are guaranteed so if you're reaching for a week to have a few we want to leave you 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 and 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
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will now buy about this amount and even staple foods like rice i mean this is a really common food in syria probably enough to feed a small family for about a week like 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 did 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 lucy catherine of in moscow. the road to peace in syria is blocked by the burden of sanctions that are fueling the conflict from grass roots so says the country's minister of domestic trade an opposition member and cartridge amil feels it's nothing more than hypocrisy from the west. syria is in a difficult situation in social and economic terms it has been isolated which
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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 embargo is damaging the assad regime is own substantiated 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. tell us the full interview in just over an hour right here on our team. 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 stress it would be an extraordinary move but was meant to protect britain's economy however current affairs journalist says the measure would
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be illegal. there's never been a situation in which one e.u. member states has been allowed to limit immigration from 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 x. the problem is that under article eighteen of the e.u. 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.
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citizens are unable to work and live in the rest of the i do think he is. well control over who enters the country is just about as tight as it can be in israel but the methods are being questioned. if you're a terrorist and if you're small i'll tell you why put a lot before you cross and you have a dummy account so that no one will ever access your mail israel's oversell us border guards put many harmless tourists train back on the plane home that will be reporting on the end just a few minutes. wealthy british soil. that's not on the right side of the.
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market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports on our. news today violence has once again flared up. and these are the images the world has been seeing from the streets of canada. giant corporations rule the day. it's fourteen minutes past the hour and europe's internet users are celebrating the rejection by the parliament of a controversial anti-piracy treaty act is an international trade agreement aimed at preventing large scale intellectual property theft critics claim the trading with
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threaten people's wealth freedom outside the e.u. after has been signed by the us canada japan and several other countries earlier my colleague kevin allen talked a lot from the pirate party u.k. who says the rejection by the e.u. parliament is a historic victory for citizens of lobbyists. despite the world claims that the copyright lobbyists have 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 that's worth pointing out that attitude was not just rejected comprehensively crushed. david martin so this was actually. over her rejection of a measure that was supportive or of the european commission ok the question for europe at the moment as it stands do you think will ever be a pan global set of rules coming into place i think what's really clear is that it
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was a fundamental mistake to try and mix so many different things together but also equally it's a fundamental state trying to negotiate to such a treaty behind closed doors would it also without countries like russia india and china are. typical of our western countries too we can just push some things through i know who i'm actually looking forward to us changing and now actually moving away from the negative and industry agenda i'm actually thinking of them to be protecting digital and actually talking about culture and actually access. internet into technology that will benefit. one city since. there is a school of thought that day that x. is being turned in europe where piracy is going to be encouraged is one step
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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 was essentially setting up a surveillance system of turning turning your internet service provider into a copyright office but it was not just about intellectual property also. like a 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. damaging agreements. there are no online restrictions whatsoever on our website available for you twenty four seven there are some stories worth checking out there right now divine physics in the heart of europe scientists at cern have traced what seems to be the elusive god particle meaning mankind's
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a huge step closer to understanding what happened after the big bang. also all three arrested members of an anti-crime one punk group have gone on a hunger strike find out what's pushed them toward such a move and watch some of their videos of their most outlandish performances at our t.v. dot com also there you can make sure to catch all of our best videos that's on our you tube channel. is even. the official. your own pulled talk from the.
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video on demand. old girls. and. now in the palm of your. on the dot com all right it's nineteen minutes past the hour let's have a look at some other world news in briefs now a final report into the handling of the nuclear crisis at the future plant last year has been released by japan's parliament the finance claim both the government and operator failed to take measures to avoid the disaster to come. there was nothing it could have done against the huge tsunami waves massive criticism and angry protests broke out following the accident which led to all nuclear plants being shut down in the country although recently one reactor has been switched back all. the independent tunisian body tasked with reforming the country's
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media has resigned the commission sided government censorship and disinform ation for halting its activities it was created following the ouster of president ben ali and i spent the past year drafting a new press code to guarantee freedom of speech and independence of the media that was the country where the revolution in the name of democracy was born. another huge protest improve 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 provisions are opposing a multibillion dollar mining project financed by u.s. based company opponents or harm to areas ecosystem destroying water supplies to bring local economic benefits. people have been found dead following a hostage standoff in southwestern germany an armed man whose girlfriend was facing
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forced eviction from her apartment killed four people before turning the gun on himself among the dead it 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. tourists may be flocking to the holy land from 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 into people's private data in the attempt to prevent terrorists from sneaking into the country artist policy or reports. they come in their millions to touch the holy land 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
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states was one of the disappointed i headed 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 to have a say in the waiting room sandra tomar we kept that seat warm all was in that time she was interrogated seven times and then the question became focused on my e-mail and what i thought of you and your mail account when i refused to block my g. mail account that's. all be hiding something sinister i was asked very plainly are you a terrorist and i didn't know whether it's. 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
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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 they can find your contact list they can find of where are your plans where you 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 mail it 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
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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. 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 propellants to 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. time for business was danielle and exxon mobil starts talks to sell its service stations restaurants several frozen firms on the. into boys german group
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exams already sold almost a third of its filling stations as it exits markets where fuel demand is stalling russia's local is favorites a boy it already has a chain of stations in western europe. we will germany's chancellor has told italians to be patient over spending cuts meeting her italian counterparts in rome she said germans are also putting up with tough austerity measures and it will take more than a few months to see the benefits it comes on growing protests by italians after a fresh raft of job losses and cuts to services this week. london has just opened slightly higher the bank of england's expected to pump up to three hundred seventy five billion pounds into the economy to kickstart growth the euro's flat against the dollar against the dollar after fairly heavy losses yesterday the ruble is losing some of yesterday's gains in the opening hour here in moscow and asian investors are nervous ahead of the european central bank's meeting today when they
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could cut interest rates to historic lows crude prices of pointing sell brant below one hundred dollars the news that service industries are falling across the e.u. is triggering demand concerns with the r.t.s. m i six of open lower of the posting games on wednesday becomes old news capital inflows to russia hit five billion dollars last month this chick major movers bt banks first quarter net profits squeezed eleven percent and investors a jittery b.p. shares ahead of a key board meeting today but business is with lists exposure to the eurozone crisis outperforming e.u. rivals top mobile operator m t s has sold twenty percent of all new york stock markets this year most of its hundred million subscribers or in forced growing russia and the c.i.s. one of the worst performers roy of all operate a vehicle called list blamed its european risk of the merging with italy's telecommunications last year and europe today will have more for you next hour all
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