Skip to main content

tv   [untitled]    August 16, 2012 2:30am-3:00am EDT

2:30 am
magyar with r.t. here's a look at the top stories the final hours of join a songes asylum bid turned into an international showdown with britain threatening to storm ecuador's london embassy and take the whistleblower by force. a powerful saudi based islamic group cancel syria's membership blaming solely damascus for violence and ignoring the rebels all kind of style terror attacks. wait square up in asia a new report maps the extent of america's military buildup in the region as china eagerly for its allies of its own. next r.t. interviews american economist todd coles who says u.s.
2:31 am
president barack obama doesn't care enough about the country's deficit and debt problems. and then. with me todd buchholz a former director of economic policy at the white house he was one of the first u.s. economist to forecast the two thousand and one a slowdown in the u.s. the two thousand and eight pop in commodity prices and the dell rate of the u.s. debt rating thank you very much for joining me today you're welcome let's start with your latest book rush why you need our love the place you argue they are that competition is the one thing to keep us going and from you revealed a problem that exists right now and this is. the reason the lack of desire to fight for anything to fight for a good job a good education is that's really sell we've had twenty years of focusing on
2:32 am
self-esteem trying to make kids feel better about themselves and it didn't matter how they did on tests the test scores didn't matter what they knew or what they achieved the whole point was it didn't matter what the important thing was to feel good about yourself so in washington d.c. for instance they asked the students how they would assess themselves in mathematics. and the washington d.c. students felt that they had wonderful skills in mathematics they had the best sense of themselves they had great pride in their knowledge of mathematics but when you look at their test scores have turned out they knew very little of anything so we've spent twenty thirty years educating people that trying hard is not very important and what's most important is just to feel good about yourself but that is just a complete confusion because the best way to get self-esteem is to do something
2:33 am
worthy of a seed and i'm afraid that the younger people are now. now a disadvantage in a pretty harsh economic climate. even before the great recession which began in two thousand and eight we were seeing over the course of the last twenty years decline in the willingness of young people to simply move to another state in order to take a job we've seen a decrease in mobility so yes the great recession has made things worse has made people even more nervous and worried about their futures but these trends were in place beforehand he think americans really are becoming those people who need it three hours in line you dump them as generation y. pour into it bruce springsteen in the one nine hundred seventy s. had a famous rock album in a song called born to run and he wrote about a generation that couldn't wait to get their driver's licenses couldn't wait to get
2:34 am
on the road and explore the country and study of the recently we see that young americans are less interested in getting their driver's licenses in the one nine hundred seventy s. and eighty's nearly every high school student once they turned sixteen or seventeen would have a driver's license now many are waiting till eight hundred nine hundred twenty and is that because of economic decline no but i think it is a symptom of a lack of motivation so instead of being born to run they seem born to sit on the sofa in front of x. boxes or play stations or their i phones of course there is a portion of the population of the young population that is very motivated highly motivated that is very ambitious and very aggressive and certainly carving out great careers for themselves certainly not going to suggest that an entire generation is sitting on the sofa however we have especially
2:35 am
in this harsh economic climate certain states in the united states which are prospering. where the job market is very healthy and other states were very poor. well you can rent a car you could hop on a bus it would only cost about two hundred dollars to get yourself on a bus from nevada a state with a terrible economic climate to north dakota where you would have a job almost as soon as the bus arrives and yet we're not seeing people making those sorts of moves they seem to be waiting in place for the jobs to come to them and i'm afraid that is not a very promising way to look at the job market these days so the go go days of the nine hundred ninety s. turning into the go backward state of the two thousand so where next the u.s. economy is a bow what a pilot would call stall speed we certainly are growing fast enough i believe that we're not going to go back down into
2:36 am
a double dip recession but the job market is painful the job market is very weak i think president obama has not done much to help the job market i don't think his stimulus plan was very effective the only thing a stimulus plan did was scare people into believing that we now have debts that will be unpayable and that the u.s. debt to g.d.p. ratio will simply be unmanageable. so we've got an economy that's slowly repairing itself but we seem to be avoiding tough decisions when it comes to how we're going to pay our debts in the years ahead can we expect another stimulus plan i don't think there's going to be another stimulus plan out of the u.s. congress certainly republicans will not be in favor of it because they see that it's been a waste and president obama i think recognizes that the prior stimulus plans are no longer popular in fact i'm not even sure he will use the word stimulus anymore
2:37 am
because now it has a tone of being negative because very few americans believed it has created any jobs except maybe for some government bureaucrats president obama. a year and a half two years ago pointed a commission to examine the u.s. fiscal deficit debt problem he appointed a well known former republican senator and a very distinguished. adviser to president clinton obviously the previous democratic president those two individuals with their staffs with congressional colleagues spent months studying the deficit and the debt it was the simpson bowles commission and the president appointed them and they came back with a plan that was very tough that was very bold that would cut some tax rates to make the u.s. corporations more competitive but at the same time they would cut spending you know
2:38 am
really across the board including in retirement schemes and the president was presented with this plan and even though he chose the members of the commission he walked away from the plan because president obama doesn't care enough about the deficit and debt and so i think until the president leaves office whether that's in november or in january or four years from january i think it's going to be very difficult to for the u.s. to tackle these difficult economic and fiscal issues right now like looks like almost nothing that we have a seem to be safe can be taken to be think i'm talking here about either very currency that we need the biggest banks in the world what is safe now there's always going to be some fear in the market except when there's a bubble well there's not a bubble now so there is some fear in the market and there's a big question mark over all paper currencies there's a question mark about the value of the dollar and the euro in the yeah and in the
2:39 am
ruble in every other currency that is not backed by some hard assets so we have a positive sign next to g.d.p. that is a big right bold positive sign you know it's kind of fate sometimes it hides a little bit but i think. there's been a demonstration the u.s. corporations are managed so badly after all and they can withstand a pretty weakened coffee and so that will i think be giving investors a little bit more confidence in the stock market and of course that confidence all has already been expressed in a pretty healthy rally over the course of the last year more than tell you i think alan your bull market shock even more in that the euro zone was unstable and having to why it's played called turmoil you also sad that the members of the eurozone would stumble because of the different scenes and monetary policies so what is your forecast now i think the eurozone is like
2:40 am
a really bad polygamous marriage with. old wives and one husband and just disagreement jealousy and fighting constantly but the eurozone is a mess because that they were never meant to be together ireland was a more inflationary place as was italy germany had low inflation they needed different monetary policies and now we've got this disaster. and it can't simply be solved by the e.c.b. writing some checks. greece is simply insolvent and uncompetitive if greece still had the drachmas it would have been devalued there'd be truer assault from germany flooding into greece bringing foreign currency bringing their heroes to agrees the hotels would be filled instead what do you have you've got a an economy that has should have a big tourism base but tourists won't go because they're afraid of riots in the
2:41 am
streets the prices haven't fallen because they're denominated in europe and so you have empty hotels throughout meet you know some athens i'm sad to read so it's very difficult to see how greece survives as a member of the eurozone and it may very well be on some busy weekend i don't know when no one's paying attention during world cup match or something that greece will exit the euro zone hoping that nobody notices but it's going to be awfully hard to keep them in. then. wealthy british scientists are. not on the right side of the final.
2:42 am
market why not count on them 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 into cars a report on r g. fly isolation and prejudice. aging. do it with passion. learn to fly. jump to the top. of the or the playing. stages showed.
2:43 am
me he. he. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg. and my fingers and my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me for my hands you know just as if anyone would. but
2:44 am
they do tell a story they tell us story of. the oxen. the
2:45 am
final hours of doing a songes asylum then turned into an international showdown was britain threatening to storm ecuador's london embassy and take the whistleblower by force. a powerful saudi bases lama group cancel syria's membership blaming solely the mascot's for violence and ignoring the rebels' al qaida style terror attacks. the how the way square off in asia and you reported maps the extent of america's military buildup in the region is china really core its allies of its own. as they have allies time now for the sports update was a retreat. below
2:46 am
the spores r.t. things are joining us this hour coming up. a steady start for the capello's new look team russia draw their first game under the guidance of the tear that. flushing meadows without the french open champ and pulls out of the last grand slam of the season due to. injury. and golden handshake president vladimir putin grips all russia's olympic champions at the ceremony in the kremlin. who were first to a russia drew one all with ivory coast in what was fabio capello's first game in charge of the national scored the home side looked to have given capello winning start but what followed by a late goal from the african cup of nations runners up chunka watched the game for us. even though fabio capello's appointment meant ushering in a new era of football for russia it was evident by the half empty stadium that many
2:47 am
fans were still very much skeptical of their team after the disappointing exit from the twenty twelve euros for the ivory coast could have been forgiven for not having too many fans on hand to support their team but those that did make it was celebrating even before the whistle blew for kick off the pal opted not to risk team captain andrea shannon but this was probably more to do with the potential wrath of the fans rather than any injury worries the game itself began like most friendly's k.g. and safe both sides probed each other but neither side could carve out any real chances ivory coast star studded lineup which included didier drogba and both two are brothers seem content just to break up russia's play. and the first half ended as they had begun. in the second half the russian fans started to make their voices heard and ten minutes in euro twenty twelve star islands a go with stepped up to slot in a free kick to make it one nil to the home side controversially capello decided to substitute him for minutes after for no other the national haven't much to be amusement of the crowd they made them happen is known by booing him whenever he
2:48 am
touched the ball and that seemed to have taken its toll on the whole team as the ivory coast began to sense they could make a goal which they do they did ten minutes from time. i thought be a capello was content with the performance and the result but was surprised by the crowd's reaction to us having there when they said i was surprised the fans whistled him and continued to be negative towards him i also noticed that when the whistling began the team began to lose its concentration this is not good and it's quite baffling to me going to andre him self was disappointed by the fans' reaction but vowed to prove doubters wrong you know most of today we played against a strong team but we had our chances with regards to the negative reaction from the stands course i'm disappointed but i try to not let it affect my game hopefully opinions will change with a few goals and went. ivory coast midfielder didi is a chorus that his team was happy to have come away with a draw praising the level of russia's football today because.
2:49 am
so capello's rain has begun with a one one draw with the ivory coast however more surprising was the fact that he left out andrea shadid from the starting line up and opted to give the captaincy to ego denise so come on in the second half but was booed by the russian fans every time you catch the ball now this and many other things will give up hello plenty of food for thought but he only has three weeks to get his team together before they start their world cup qualification campaign when they play northern island on the seventh of september. and there were more international friendlies played on wednesday including world and european champions spain claiming a two one victory at many of them sides have ranked outside the top hundred in the wild but then managed to keep the mighty spain in check for more than forty minutes to goals so. his charges take control right before the break
2:50 am
a song to close up last had a long right before says faber guessed added the second that substitute mark saved at least some local pride sending the crowd into raptures midway through the second half but that was the best they could do to one last. in euro twenty twelve finally states in the last two they knocked out in the quarterfinals. the netherlands travelled across the border to belgium to fall to four to defeat that and there were no goals scored in the france year why encounter while lennon messi was on target to. germany three one. says this defeat is nothing to worry about. big but if you catch all the world cup qualifiers will be another story because the players will have played a few games in the new season so they'll be in a much better form they were getting tired in the second harvest so it was obvious
2:51 am
that three weeks of preparations was not enough. over in england may still knighted have agreed a deal to buy free scoring robin van persie from astern of the netherlands striker has yet to undergo a medical and agreed personal terms before signing a four year contract transfer could set the red devils back almost thirty eight million dollars the twenty nine year old one post says cordell league best thirty goals for arsenal last season. in turn is french open champion rough on adar has pulled out of the year so they're going that same injury also saw they spend it and miss out on the chance to defend his name to crown in london earlier this month the world number three at last played at wimbledon in june back then he crashed out of the second round falling victim to us all adults says he's sorry to
2:52 am
skip the last major of the season while defending champ an object which was full of support i really don't know what all the injuries and how susie's but obviously it's is that serious that takes him you know from the tour for the last couple months and you know he's a great competitor. you know somebody i know really well on and off the court i'm sure that he was able to perform when you saw him he would he would come so you know i wish him a quick recovery obviously. but you're going to himself is fully fit and he'll play rush's nicoletta was anchored in the third round of the cincinnati last second scene serve advancing after a seven six six to victory over a recipe off entirely. also through is newly crowned olympic champion and to morrow britain cruising past local boy same querrey six two six four to line up a meeting with france's german charlie one silver medalist in london roger federer
2:53 am
will play australia's better tommy in the third round. now with the dust beginning to settle following the twenty to a london olympics some of russia's top athletes have been ordered by president vladimir putin the country claimed twenty four gold medals in london just one child that target many more athletes were invited to the ceremony and then over them as many of the medals were worn in team sports russia's judo men were at their best bringing three golds stuffed in a striving for an artistic gymnastics and. alexandra de choker in canoe where they sell victories in their sports all know successful games for many of the countries representatives. yes there are a lot look at that i would like to thank everyone who supported us from i didn't put into every single spectator of the games through a mantle for us effort to feel such support and now after we managed to get to the
2:54 am
very top it's rumored to have pleasure to see how sincerely people greet us. in uganda only medal winner at the london olympics to keep order to receive the hero's welcome by hundreds of people on his home soil the crowd was delighted by the african countries first gold since the one nine hundred seventy two games in munich won the immense american race in the british capital to give uganda its first medal of any kind since the atlanta olympics sixteen years ago despite his success there when i complained to the country's authorities of a lack of sports facilities and funding in uganda. one that. is. something like. this the training grounds. they are.
2:55 am
what. we. should be done. immediately because we have. a lot of. need that they have some some of them. because of. a much more heralded. is already eyeing the next summer games the four time olympic champion one three times in london in their two hundred meters and both relay races that were interesting. to me turn to madison bianca knight and come a little a new world record in the four by one hundred meters with a blistering timer for two point zero two seconds but phillips is yet to win the olympic distance one hundred. to fix that rio twenty sixteen record definitely you know i feel like i'm i want to be in rio and i'm going to do
2:56 am
everything to get there and you know we have a road championships in between but i'm still just so motivated you know i want to come away with another successful games. well you have to do it now more sports news from around the globe for you and toast time here in our weather is next stay with us. well. science technology innovation all the latest developments from around russia we've got the future covered. in school started here before going global and now it's cooling the fire. log.
2:57 am
choose your place take your stand. to. make your statement. spread the word. coupon stream among.
2:58 am
2:59 am
line. would be soon which brightened if you knew about someone from phones to freshen. his friends downtown t. don't.

32 Views

info Stream Only

Uploaded by TV Archive on