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a new report a. military buildup in the region. those are the headlines when i. speak to american economist. he says u.s. president barack obama doesn't care enough about the country's deficit and debt problem. and then. with greece 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 we build the problem that exists right now in the society it's 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 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've 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 worthy of a seed and i'm afraid that the younger people are not. 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 of 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 as it 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

a three hour lines you dump them as generation y. for him to think that 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 on the road and explore the country and study have been 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 so i certainly not going to suggest that an entire generation is sitting on the sofa however we have especially 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. turn into the go backward states 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 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 you soon 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 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. advisor 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 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 the very currency

that we eased 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 yen the rouble and 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 in the us corporations are managed so badly after all and they can withstand a pretty weakened economy 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 years ago

a new bull market shock even worried that the euro zone was unstable and having to way it's played called turmoil e.u. also sad that the members of the eurozone would stumble because of the differences and monetary policies so what is your forecast now i think the euro zone is like a really bad polygamous marriage with. old wives and one husband 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 deflationary 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 tourist dollars from germany flooding into greece bringing foreign currency bringing their heroes to greece the hotels would be filled instead what do you have you got it an economy that has should have a big tourism base but tourists won't go because they're afraid of riots in the streets the prices haven't fallen because they're denominated in europe and so you have empty hotels throughout athens and 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 the a 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.

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breaking news this hour on odyssey britain vows to deny julian assange safe passage if indeed he is granted political asylum by ecuador all of this off the threatening to raise the embassy and the rest of the whistleblower but. also a prominent opposition leader not be all about job gets a three year sentence for organizing illegal gatherings he's already in jail for writing antigovernment tweets. a powerful saudi based islamic group council syria's membership blaming only damascus for violence and ignoring the rebels al-qaeda style terror. heavyweights square up in a new report about the extent of america's military buildup in the region of china

eagerly cts its own a. hard time of all the supporting action with. iran thank you for joining me for the latest sport and he says coming up. a solid start fabio capello begins his reign as russia's coach with a one one draw against ivory coast here in moscow. while missing out french open champion rafael nadal pulls out of the u.s. open due to a nagging knee injury. on some golden handshake president but even if it's russia's returning a little. ceremony at the kremlin. festival where russia drew one one in a friendly with the ivory coast here in moscow fabio capello was denied a victory in his first game in charge after a late goal from the african cup of nations runners up michael crescenta reports.

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 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 the did make it was celebrating even before the whistle blew for kick off capello 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 probe 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 he had begun. in the second half the russian fans started to make their voices heard and ten minutes in euro two thousand and 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 in full minutes after for no other than russia have been much to be amusement of the crowd they made the unhappiness known by booing him whenever he 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've thought be a capello was content with the performance and the result but was surprised by the crowd's reaction to have been there when they say 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 the other much 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 wins the ivory coast midfielder didi has a chorus that his team was happy to have come away with a draw praising the level of russia's football you are so after today because i play you play against one would seem from russia and. even if they do there 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 shouting from the starting line up and up instead to give the captaincy to ego denise self a seven did come on in the second half but was booed by the russian fans every time he touched the ball now this and many other things will give the fellow 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 he said might not take notes. in the meantime there were more international friendlies on wednesday including world and european champions spain claiming a narrow two one win minimize puerto rico that are side outside of the world's top

one hundred but they managed to beat mighty spain in check in more than forty minutes however two quick goals will be sent to double stage charges take control what before the break and also new boy sunday blasted a long range cracker before assessed fabregas added their second but substitute market since all this saves at least some local pride sending the crowd into raptures good way through this and bought that was the best they could do to one was out there. while i was where you're at twenty two and finally see it in the last of the side they knocked out in the quarter finals in england so no less travelled across the border into belgium but surprisingly fell to a fourteen defeat there while there were no goals in the france a year ago i encounter and lino messi was on target to help argentina beat ten one germany three one however coach yet in love says that defeat us nothing to worry about. big bite 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 will be in a much better for they were getting tired in the second half so it was obvious three weeks of preparations was not enough to play every game. well meanwhile back here in russia yuri cousin john has been named the new head coach of the them following the departure of down to tresco the forty nine year old also manages the russia two national side designed as a reserve team for the primary squad present john previously managed angie and wanted moscow while the trust q. has been strongly linked with a move to another capital club. well over an england manchester united have agreed an estimated deal of up to thirty eight million dollars for free scoring strike at robin van persie from also twenty nine year old. one star has yet to undergo a medical degree personal terms before signing a four year contract van persie scored an english premier league best thirty goals

last season. after tennis and french open champion rafael nadal has pulled out of the u.s. open due to a nagging knee injury the same problem also saw the spaniard miss out on the chance to defend his olympic earlier this month the world number three last played at wimbledon in june back then he crashed out in the second round falling victim to lesser known lucrative also at all says he's sorry to skip the last grand slam of the season while defending champion another joke of it was full of support i really don't know what 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 is a great competitor. you know somebody i know really well on and off the court i'm sure that he was able to perform a new soap and he would he would come so you know i wish him a quick recovery obviously. well as a joke of it himself he is fully fit and he will play rush's nickel i'd have

a day in the third round of the cincinnati masters the second seeded so advancing a great seven six six two victory over and i asked seppi of italy. and also through his newly crowned olympic champion andy murray the briton cruising past local boy sam querrey six two six four to line up a meeting with france's a share in the family. while the silver medalist in london roger federer will play australia has been almost total rake in the third round the first master was in total control against russia in the last as he wrapped up a six three sixteen victory in just and. and so as life returns to normal after the euphoria of the twenty twelve 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 short of their target however many more athletes were invited to the ceremony as many of the medals were won in team sports russia's judo men were at their best bringing home three goals at the

stuffiness trial in artistic gymnastics and that of unity the three guy and then the betting cup in canoe with the sole victors in their sport so overall a successful games for many of the countries represented. on your slate the start up look at that list i would like to thank everyone who supported us there from the dinner put into every single speak to talk of the games the true man to order for us to float to feel such a support and now after we managed to get to the very top it's ruined our pleasure to see how sincerely people greet us that you should retire in the meantime uganda is only a medal winner at the london olympics stephen cooper to received a hero's welcome by hundreds of people on his home soil won the men's marathon race to give the african country their first medal of any kind since the atlanta olympics sixteen years ago and uganda's first goal since the nine hundred seventy two games in munich. however despite his success the twenty three year old run up

voiced his concern for the countries of origin is about the lack of schools facilities and funding for their athletes. when the home minister is for. something more like mr mike. both of us in these training grounds. they are. what you see in the beyond the mean we. should be done. immediately because we haven't a lot of outlets are they have a need that they have started by something some of them. discovered. about because of their. growth you have enough i think. and finally in the meantime america's more heralded athlete allyson felix is already focusing on the next summer games in twenty sixteen four time olympic champion one of three times in

london in the two hundred new test and both relay race is hoping to make the madison and only two g. to set a new world record in full by one hundred meters from the time a forty point eight two seconds but felix is yet to win the elin pick one hundred meters and have to amend that in we're. definitely you know i feel like i'm i want to be in rio and i'm going to do everything to get there and you know we have a road championships in between but i'm still just so motivated and you know i want to come away with another successful games and that's all the support for this bill is an r.v. back with another update in just under an hour please join me again.