stupid. stunts on t.v. don't. break the news for you this. country's. political persecution. sweden just spite. of the. recent. job has been jailed for three years for

taking government. says that u.s. president barack obama doesn't care enough about the country's deficit and the debt problems. with me is todd buchholz a former director of economic policy at the white house he was one of the first u.s. economists to forecast the two thousand and one 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 and 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 and this is. the reason the lack of desire to fight for a thing to fight for a good job a good education is that 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 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 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 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 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 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. turning 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 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. 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 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 to think is 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 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 that u.s. corporations aren't 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 book market shock even worried 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 euro zone is like a really bad polygamous marriage with. old wives and one husband and just disagreement and 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 drachma it would have been devalued there'd be tourist dollars 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 streets the prices haven't fallen because they're denominated in europe and so you have empty hotels throughout athens and saturated 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 go 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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your news a secret laboratory to mccurry was able to build the world's most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach the creation why it should care about humans and world events this is why you should care only on dog call. play. a game. or leave. more news today violence is once again flared up. these are the images group world has been seeing from the streets of canada. trying

to corporations rule the day. breaking news this hour on the julian assange is granted asylum by ecuador the country's foreign minister made the announcement stressing the whistleblowers fears of political persecution are legitimate but britain remains determined to extradite the wiki leaks at its to sweden despite his asylum appeal. near the ecuadorian embassy crowds are cheering the decision despite london police earlier detaining several supporters of julian assange. and in bahrain another so-called and then we of the state and one of us on his recent interview we feel that our job he's been jailed for three years now for taking part in antigovernment gatherings. or that's going to sporting action with k. .

and thank you for joining me for the latest sports these are the headlines a solid start probably as capello begins his reign as russia coach with a one one draw against. here in moscow. while missing out a french open champion rafael nadal pulls out of the u.s. open due to a nagging knee injury. plus no escape to victory the amazing story of the convicted russian drug smuggler who chose football over freedom. so let's start with football after russia drew one one in a friendly with the ivory coast at the luck might have stadium here in moscow but we are capello was denied a victory in his first game in charge after a late goal from the african cup of nations runners up michael kraft janko 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 they did make it was celebrating even before the whistle blew for kick off the bell 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 of brothers seem content just to break up russia's play. and the first half and it 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 in full 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 touched a ball and that seemed to have taken its toll on the whole team as i recall 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 say i was surprised the fans whistled him and i continued to be negative towards him i also noticed that when the whisky again the team began to lose its concentration of 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 it will change with a few goals and when it's not. the ivory coast midfielder did is a chorus of his team was happy to have come away with

a draw praising the level of russia you're so happy to do because you could be a good one. for us even if you do it 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 andre shouting from the starting line up and up instead to give the captaincy to ego denise so come on in the second half but was booed by the russian fans every time he touched the ball 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 michael got to go to. bed in the meantime there were more international friendlies on wednesday including world and european champions spain claiming a narrow two one win at minnows puerto rico but i saw it all round outside the world's top one hundred he managed to keep that we lost opponents in check by more than forty minutes however two quick goals before the break so we'll be going to

the last days charges to take control as also a new voice box on the range cracka before fabric asked the second however midway through the second substitute mark sink on save at least some local pride pulling a goal back. to rapturous but that was as much of the hosts muster to want this. but i'll spare you a twenty twelve honesty to the last of the side they knocked out in the quarter finals in england he came back from a goal down and jermain defoe a stunning late winner at the netherlands travel to neighbors belgium but surprisingly slumped to a fourteen defeat while there were no goals in the france miracle i encountered go live on my seat was on target to help. ten month germany three one however look at us in that says the defeat is nothing to worry about. big body if you. 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 half so it was obvious three weeks of preparations was not enough to play every game. meanwhile back here in russia yuri cousin john has been named as the new head coach of. following the departure of don patristic you the forty nine year old also manages the russia two national side which acts as a reserve team for the main squad cousin john has previously managed angie and locke a lot of moscow just who has been strongly linked with a move to another capital club dinner that is currently on holiday with his family in barcelona all over england manchester united have agreed an estimated deal of up to thirty eight million dollars for ask for another loan strikeout robin van persie the twenty nine year old netherlands star yet to undergo a medical degree personal terms before signing a four year contract and percy scored an english premier league best thirty goals

last season with an overall tally of forty four in fifty seven games of the club and country two of those coming against united. tennis now and french open champion rafael nadal has been forced to pull out of the u.s. open due to a nike knee injury the two thousand and ten winner has failed to overcome the problem which saw him miss out on the chance to defend his lympics in london earlier this month the world number three last played in june at wimbledon where he crashed out in the second round to wrestle no lukas rosol the spaniard says he's sorry to skip the last round some of the season while defending champion live on djokovic 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 this 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 when you saw him he would he would come so there i

wish him a quick recovery obvious well jug of it yourself he is fully fit and will play at russia's nickel i don't care in the third round of the cincinnati masters the second seed advanced after a seven six six two victory of andrea said before the telly. and or so it really is newly crowned olympic champion andy murray the briton cruised past local boy sam querrey six two six four two one of a meeting with bronson. while lympics silver medalist roger federer will play australia's bernard tomic in the third round the swiss master was in total control again for his welcome all of wrapping up a six three six two victory in only an hour. meanwhile enough let excuse ganders only medal winner at the london olympics stephen can predict she received a hero's welcome from hundreds of fans as he landed back at his home soil good british won the men's marsland to give the african country their first medal of any

kind since the atlanta olympics sixteen years ago and you can dispose of gold since the one nine hundred seventy two games in munich however despite his success the twenty three year old long distance runner voiced his concerns to the countries also it is about the lack of sports facilities and funding for their athletes. were no minister just for. something or i can still make. both of us in these new training grounds. i hope that. what she will see beyond the mean we. should be done. immediately because we are surviving a lot of our lives are they have a need that they have started by something some of them. discovered. about because of their because you have no friends in the. meanwhile america's more

heralded after allyson felix is already focusing on the next some guy using twenty sixteen course on a big champion won the two hundred meters in london along with both relay races helping teammates tianna madison bianca knight and carmelita jeter set a new world record in the four by one hundred meters with a time of forty eight point eight two seconds however that felix is yet to win the olympic one hundred metres in her own right and have to amend that 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 you know i want to come away with another successful games and finally to the story. of the convicted russian drug smuggler who chose to spend an extra year in prison so he could carry on playing football in two thousand and ten maqsood malika yourself was sent to jail in chile for three years and a day after being caught carrying six kilos of cocaine inside children's books

intent to take to europe however the speedy right foot a used to play for a russian second division team to score and soon word of ever russo's football skills in the prison yard reached chile national coach clough the award and former professional turned prison volunteer franklin lobos who arranged for the now twenty four year old to train with local professional team santiago morning. off now trains there every day accompanied by a guard before being back behind bars each evening and this month he could have returned to russia thanks to an amnesty but wouldn't have been allowed back into chile for a decade so instead he chose to finish his sentence and stay with his team. that's a garden. it has been almost two years now playing football in jail we just play baby football and not every day so i need to work and work hard make sure i'm fine physically technically and we do everything so i can come back here. take us away if you're going to make mistakes but if your wife gives you another chance you have

to take it and if it's through food book which is what he wants then it's even better which i thought amazing stuff and that's all sports in our faces. wealthy british style. markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report on our. world from the future of science technology innovation all the latest developments from around russia we've

got the future covered.