freeboard video for your media project a free meal gogarty dot com. you're watching aussies great to have you with us the headline. on american trade blogs on whether the power of why presidents removal was a coup and his excuse me in his first major interview since being forced out front on the luger tells us he's punished language channel that the people once stand for they're sold on that democracy. the warning to the syrian rebels and regime that they face consequences if they don't stick to the peace plan as they go on and as the security council to get them to hear kofi annan also says president assad has discussed working the forming of a transitional government. to rubber bullets fired at thousands of protesters

marching across madrid who walked out to support coal miners angry at mounting cuts the government is attempting to save sixty five billion euros in return for an e.u. buying bailout. and next to know about economics lowered adverted prescott explains why the banks are getting more and more irresponsible and the single currency is days are numbered. nobel economics laureate. america will have a joint collapse much bigger than in two thousand and eight mr prescott let's start with. the water if you have. four children and give more credit cards. but tell me that they have to behave responsibly and one of them does. what here.

is one of the problems and that you have to sort of cut out that it's analogous to the subprime mortgages which made it was not beneficial to either side but the government wanted to foster home ownership pretty much set of a bad system the problem is that the germans and the french lend to somebody they should have one too. and somebody who should be borrowing them was matters should not of the borrowing should when people monitoring the market should let their corporation in the usa have some big ones and then many of bankrupt and the old people vote. all people won the place to say so the. french and german governments. went to the banks and then the bank saw them do with all this money and they said well you know why has greece gone. wrong i think there's

a good chance. i do not think there will be. and economically. in a major event. the disruption will be very short lived you know some of the states in the united states one bank one in eight hundred forty the federal government did not bail out the states. and there is not a major disruption in real in the output and employment they may go by in the fall and stay in the euro zone but the euro may just completely. collapse so it's not the advantages to having it seems to be more of a symbolic it's true that it's convenient for poorest women who for tween the states and but the countries that did not enter the euro. have done as well or better. then those that. did it didn't seem to be

a big. positive benefit to. the members the ones that didn't join you know are sweden. denmark and the united kingdom one of the reasons why the euro has failed there just retired such a young age there just now. and make promises to the citizens which you can honor that's bad no question will get upset when. promises are not on the western europe has no choice except to reform and they have started to reform. the swedes effectively cut their tax rates they've privatizers saving system along the lines. of australia and this is an effective tax reduction. the about the the europeans

are working has gone up a little but they've raised the retirement age. at a little bit slower phasing some of this in there's very little discussion of how you achieve leave the euro as the economist are you saying it's could you could you lay out the steps to issue some of your. own currency. there will be debts determined in europe and now will in the euro's to people in other countries and they'll be. a lot of legal actions. to settle their one of the countries to fall i suspect the greek businesses. garden's their money a lot of it out of greece and in europe. more stable countries was using this crisis to grab more powers from national governments how does that make things even worse. dangerous centralisation. china.

from. one thousand to thirteen hundred was the richest country the most advanced they had gone and. they had done much better than europe and they were by far the leader but then they under the main dynasty they had centralized and then they started preserving the status quo and it was not the provinces lost of power they organized the sensor that was the oppressive were an institution set up to criticize the government within the government which is an unusual arrangement that worked coming down to see got rid of that and then technologically aggression said it there few people from the other end of the euro asia land mass came and humbled that great empire was the us economy doomed to fail and what will happen they haven't got rid of the too big to. fail problem.

they get real big people know who lend to these. financial institutions know that they will be bailed out. or expected and therefore the institution can borrow at a lower rate they get the these institutions and the banks to gear up the groups of people that have this operate this this is a prize called the bank i get scared with the washington new york connection so the government likes a sketch of yours out to certain people and then get big contributions there will be some bankruptcy be some major intervention by the fed. to avoid. i think they call him bank one systemic risk everybody wants to get their money out they come close to having that problem now in greece but it may be the rational thing to do how would this collapse compare to two thousand and eight subprime crash i don't think the two thousand and eight was that big not as big as the

savings and loan crisis there are these the federal savings and loan deposit insurance corporation went bankrupt in the government had to step in and take the assets of these companies and the deposit. and then sold these assets and make it was brought in was eight percent of g.n.p. a percent of current g.n.p. is a big number it's a trillion dollars that's over and then they sold that off they're only got six percent of g.n.p. back in the taxpayers made up the other two percent there was some hidden tax effect of tax increases and i do it at that time no bailing out the big banks of hidden ways. that we always have and make it theirs should be a good separation between the state doing its job and the various agencies the fed should be independent statistical collection agency should be independent and i

would say the finance and business sector should be. separated so america hasn't actually two thousand and eight bank and credit issues. in one thousand i believe was sixty we did not have a credit card they had to pass some special legislation that and then the water and then over time they become quite important you can get about six or ten of the things that the introductory offers that very well interest rates and people just pull them over some of the real say was finance the way it was long as the price of real say was going up these people did great. but things can't keep going up and death. really how much. to blame for the mess the world economy is it on not sure why even we even need banks with enough fractional reserves why we need institutions that borrow from one group of people in a very short term demand and lend

a little bit longer. much longer. working on the problem of financial reform the us is going to have a financial crisis in the not too distant future the dodd frank bill was poorly designed but i want to be ready when the next crisis comes with the good stuff to my been fostering people to work on this problem of designing a better financial system that doesn't have this risk and they get too big to fail that's it and who ends up subsidizing them taxpayers. one needs a spear trying to obtain inner peace and spirituality. craftsmanship

and creativity requires special conditions. are met accuracy and knowledge are the attributes of some good to hear. those who are behind bars get freedom of self-expression the. nearly a billion people in the world are going hungry every day. in the united states. even our trash cans are filled with food you just have to go get it all of these perfectly good eggs because one was cracked didn't even get all over the other ones just threw them away right and cheese from the german oh you clearly like. a

profile. in the dumpster at one am this morning three pm this afternoon on the grill a cake is made from and one dozen. egg whites. delicious breakfast for the family make some toast for about a week every year in america we throw away ninety six billion pounds of food. cool started here before going global and now it's cooling myrow. log in. to the right to. choose your place take your stand.

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markets finance scandals find out what's really happening to the global economy with max kaiser for a no holds barred look at the global financial headlines tune into kinds a report on r g. h.

on american trade blokes all do what the president's removal was a chance to may dream to be since being full stop good punish language channel that the people won't stand for they're sold on that democracy. also rubber bullets fired at the thousands of protesters marching across madrid who walked to support coal miners angry at mounting cuts the government is attempting to save sixty five billion euros in return for an easy to buy play in a. warning to the syrian rebels and regime that they face consequences if they don't stick to the peace plan as the un and the security council to get them to hear kofi annan also says president assad has discussed with me in the forming of a transitional government. as the headlines time now for sports update and his pool

with the late. thank you very much welcome along the to the world of sports here here's what we've got for you. corruption football's governing body confirmed to former high profile members including ex-president karl havilland received nearly twenty two million dollars in potential bribes. and to prove david haye and derek she's already finally prepared to do battle in the ring as the british go head to head on saturday night. and springtime are teammates russia's medal hopefuls a diving with the olympic games rapidly approaching. but first league football and the world's governing body is embroiled in yet more claims of corruption faith admitting its former president john havelange an ex-president in football boss

ricardo tenshi had a received payments from i s l that's fifty former marketing partner a swiss prosecutor's report published by pfieffer shows the pact could have received up to nearly twenty two million dollars before a cell went bankrupt in two thousand and one this with space company were regularly offered lucrative world cup marketing rights by the game's governing body ninety six year old how the loungers feel for president for twenty four years between one nine hundred seventy four and ninety ninety eight meanwhile new tottenham manager on very last bus has been speaking about his hopes for the new season the portuguese replaced the sacked harry redknapp at white hart lane and says he wants to turn the north london club into genuine premier league title contenders but admits they could lose influential midfielder luka moderate. the willingness is there from. from the player but you know it's. a play of this importance is not easy to part company with but you know. i think the chairman is

a person that respects the values of the football club and only with the with the right of we will take that step now to boxing and the most eagerly anticipated non-title fight of the year on saturday night former heavyweight world champion david haye takes on fellow brit derek west ham's upton park the pair hit the headlines earlier this year following his or as a world title loss to the tally klitschko in germany a storm the post fight press conference leading to a brawl between the two the british boxing board of control withdrew his or his license for his part in africa for the world boxing council have given him an indefinite suspension del boy is able to fight on saturday's the contest has been licensed by the luxembourg boxing federation hey meanwhile he's come out of retirement for the clash and the rivalry between the pair remains as strong as ever . pretty good. looking. if you live in it you look into my fists they look at me. just.

look at looking the little everything is a little bit me so easy it's a little bit of a reality i live. in. meanwhile i'm a cohen has been reinstated as w b a light welterweight world champion the brit lost the title in a controversial points decision to the moment think he said in december however after the w.p.a. ordered a rematch peterson failed a drugs test them about was cancelled remains cancer fight on saturday in las vegas against w.b.c. champion danny garcia is now a world title unification bout. now to the tour de france where britain's bradley wiggins has retained the overall leaders yellow jersey. there is frenchman thomas voeckler who won stage ten in the your hard mountains after tuesday's to molt us rest day which saw frenchman remy. arrested for doping offenses attention turned once more to the race to paris on thursday wiggins will become only the fourth brit

in history to wear the yellow jersey for four consecutive days he now has an overall a two one minute fifty three seconds from last year's winner condell evans the london finished three minutes sixteen seconds behind stage when it became his stage when in ten years. meanwhile in formula one team have issued a statement saying test driver. is making remarkable progress as she recovers from last week's crash the spaniard. into a support truck ahead of the british grand prix she has since been taken out of the neurological unit at other brook hospital and is freely communicating with family members who remain by her dad's side the thirty two year old is no longer receiving sedation the team say she is making small but significant steps medical assessments are ongoing to monitor improving condition. now to the n.b.a. where recently crowned the champions miami hate resting on their laurels they've

added veterans ray allen and rush are lowest in iraq for next season they claimed their second n.b.a. championship last month with a series win over the city thunder and they appear determined to keep hold of their title in a ride as the n.b.a. record holder for the most three pointers on his former seattle teammate luis scola nearly one point five million dollars from the move plus a buyout of nearly fourteen million from the new orleans hornets the move is about prestigious and not money according to the hitch president. if we could you know in had the ability to pay all the players you know really what they're maybe they could get on the open market we would we don't have that capability so you know sure people that are interested in interning here and they know coming in the situation is and so they want to be here because. i really believe because of the organization as much as anything there's a scene in how they've set this whole thing up and when they see

a team that has an opportunity to be a winner in. this stage of their career this is you know this is what it's about well they hate are not the only n.b.a. franchise to have made a big name signing the l.a. lakers have snapped up two time m.v.p. steve nash from the phoenix suns the thirty eight year old point guard apparently also had office to move to new york or to run. the opportunity to play from one of the greatest franchises in professional sports how are the most decorated franchises and well. you know most wonderful cities in the. history and opportunity for for me to pass up. now with a summer olympics just around the corner we continue our look at those russian athletes hoping to bring back some silverware. reports on the country's medal prospects and diving a sport which used to her i've plenty of medalists. the last decade in diving so cheney's athletes go from strength to strength both immense in women's competition

at their home olympics games in beijing four years ago they clinched gold in seven categories out of possible eight the rest of the world led by a russian divers that's left to wonder just how they could break the monopoly last year's swimmin world championships further evidence of the eastern dominance changes within the opposition winning gold in every single discipline. the first week we try to be objective we should admit that to match china in this sport in the near future is virtually impossible our athletes can beat them in this or that discipline because they're still human and they can also make a mistake but in general i don't think anybody can challenge china. but support an olympic sport in particular is where the unexpected does happen and of course russia's diving team will be just tourists in their upcoming trip to london two time olympic bronze medalist global hearing all of the picture many by i will compete in the individual platform well the country's rising young talent he has

a hurry up and get it because the tour will take the floor and to springboard events. i think that both myself and sarah have to get out here the right first and foremost as mental toughness can become the most important aspect at such a big event like the olympics in the women's program russia will be represented by three year. it's begun silver medalists unless the syrup is nicole over in the loop because they have you turned the barge in and are individuals legal hoops well will deter me to discipline you little to no will be seeking nothing short of bald despite being only twenty three over one silver at the two thousand and four olympics and this experience will be on for years. but i think i can make the top three in london the competition will be excellent and set cheve tracing i'll have to carry out my program playlist late. russia will have divers competing in six kids you can use out of the eighteen and with such

a force to beat as china or even one london medal of the highest will you will be considered as successful in trying to europeans or thirty. well finding another and then pick spore which looks set to be dominated by china is badminton however russian athletes are expected to be in the mix competing for medals for them or even of southern off will be competing in the men's program while alexander along with a sort of keener rushes representatives in the mixed doubles sock in it will also take part in the women's doubles alongside. honest to see out proc a banker is set to represent the country in the singles he won't be easy however for the russian competitors the country hasn't won a single apartment in medal history. we are prepared for the games as if it's just another important tournament and nothing more but as we get closer to their lympics the more excited we become that's for sure and hopefully we will cope with that ok well that is all from the world of sport for

now i'll have more for you in a little under two hours time here and i'll take a drug that. well for science technology innovation all the moves developments from around russia we've got the future covered.

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download free broadcast clothing videos for your media projects a free video dog to our teeth on tom. nearly a billion people in the world are going hungry every day. in the united states even our trash cans are filled with food you just have to go get it all of these perfectly good eggs because one was cracked didn't even get all over the other ones just thrown all the way up and cheese from the german oh you clearly like the upper crust. from the dumpster at one am this morning three pm this afternoon on the grill the cake is made from and one dozen dumpster egg whites. and delicious breakfast for the family make some toast for about a week every year in america we throw away ninety six billion pounds of food.