tv [untitled] October 4, 2012 8:30am-9:00am EDT
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was it was the euro crisis then it was the high high commodity rise in commodity prices and so they claim that the policy of a sterile should bring about the recovery but that it's been derailed by these unfortunate acts shocks but the policy of a sterile is basically wrong when there is a lack of private sector demand when banks aren't lending when businesses don't want to borrow when people are cutting down their spending because they want to reduce their debt when the government then adds to that sort of downward pressure on spending then it's no surprise that the economy isn't growing is does that come from an inherent misunderstanding of how economies actually work on the government's part so i do think it comes from a misunderstanding of how economies work you see i think the coalition came into office with a belief which was often expressed by george osborne that as soon as asperity was
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seen to be working as soon as the government committed itself to a credible plan of deficit reduction everything else would perk up there'd be so much confidence that the economy would start growing again but that was wrong because it's real factors not just psychological factors psychological factors are very important but it's the real factors the real market that is available to businessmen that cause them to want to increase. their business and the government was shrinking the market by its policy so it could talk up the economy all it wanted but the policies were pointing in a different direction austerity we now know hits the poor significantly harder than the rates presumably that means that during this recess in the gap between the rich and the poor why. i didn't even. that's that's already happening
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a real real incomes have been going down because prices have been going up a bit and of course welfare benefits are being slashed. a lot of a lot there are lots of cuts in the public services and the rich are better able to insulate themselves against some of these effects for example house prices in london haven't gone down at all especially in the wealthy areas and in fact they may be going up a bit so the world of the wealthy has been well maintained but people who have relied on incomes from wages have been hit and of course there has been since the beginning of the. recession a very big rise in unemployment even more significant perhaps a very big rise in part time employment is happening jay graphically as well where rich regions get richer and poorer regions get poorer do you see
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a strategy by the governments in which areas that do economically well will apparently be rewarded while areas that do economically badly will be left to kind of fester and to generate what's the economic justification that well i think the government wants to back winners. and. and it believes that winners come about through self. through through act the private private initiative sensually and so it wants to back back for strong and hope for powerful encourage the weak but of course this gap between the regions has been longstanding and recently most of the world that's been generated in the last ten twenty years has been in southern england and so the gap between the north and the south which had been actually getting less in the mid medias of the century has. last
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century started to grow and economists seem to almost universally to reject austerity and embrace advocate borrowing and spending instead why isn't the government doing well i don't think you're right i don't think women economists do i mean the majority of economists say that the government is right to in its in its budget a budget deficit in its deficit reduction programs but it needs to do something else but what they don't explain is how doing something else can we make consistent with a reduction in government borrowing. you know government reduces borrowing they say must reduce its borrowing then it's hard to know how it's going to do something else because unless the knesset raises taxes for example that may be an alternative but very few people are advocating that taxes should go up so they're in this sort of halfway position of more or less there's no alternative to a stereotype but
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a stair it isn't a growth policy therefore the government should do something else but when it when you actually asked them what should it do they get all vague. i think they should cancel a lot of the a stereotype obviously i think they should cancel the cuts in capital spending particularly and because of that that those schemes were ready to run when the kurdish and took office and they have been put into cold storage they could be this is buildings building schools building building houses hospitals all these projects that were canceled because the government was cutting down its spending i think should be un cancelled i think they should be revived so you're saying you've got to speculate to accumulate in a way not speculate spend you've got to spend because you see at the moment they're not meeting their deficit reduction targets they're not produce. seeing the
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national debt in fact is going up the whole time. and it and it's going up because the economy is going down the economy is what provides the government with its income and if the economy is shrinking the income of the government shrinks at the same tired and therefore the deficit rises and something like that has been going on so the policy can't even succeed in its own one of your colleagues an economist called james keane has suggested a scheme that he calls quantities if easing for the public saying that the debt that private individuals have needs to be reduced under the scheme he says that cash should be issued to individuals and those with debt would have to use it to pay that debt down and those without it would have a cash injection and it sounds like a great scheme do you think it would work but well i've suggested this as well in an article in the new statesman last week yeah that's fine i mean if you put money in that into the hands of the people. and make sure they as you say
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spend it in one way or another. then i think that gives a boost to the economy because they can increase their spending and therefore set up a demand for shoes and clothes and food and all the things that people spend money on and so that'll be good for business that's i think that's a good idea actually suggested that the government give every household one hundred christmas present time limited so they need to do something with it can't just put it under the bed would that kind of policy be popular people were constantly hearing that there is no money now i think it would be popular i think everyone enjoys getting christmas presents. and people really expect them from the government and we've seen a europe wide backlash against austerity what do you think prime minister david cameron's chances are being reelected if you continue if this territory continues if there's no change of policy if the measures that are now being proposed small or
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is ineffective as one thinks they may be then i think his chances of winning the next election a very very small. because i think that there won't be a recovery his best chance of winning an election in two years' time is if there are proper green shoots of recovery and people can see them and then if they're feeling better about the economy they're feeling better about their prospects they're feeling better go about getting jobs and feeling better about getting more income then i think he'll benefit from that and there have a good chance of winning but i don't think anything like that is going to happen under present policy so i think their chances of losing must be very high it's a keynesian idea that capitalism is a way towards working less and having enough is the current economic crisis is a result of that so it's time that we fall off the rails well that was
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a very long run i mean that was a long run idea that keynes had that in the end a successful capitalism should enable people to work less. and enjoy life more and he thought hours of work over time would shrink as we got richer but that assume that we wouldn't fall into these holes that you know that progress would be steady and you wouldn't have any more slumps but we're in we're in a slump we had the big collapse and at this point the priority is to get as many people back to work as possible and get as much production as you can because that. full speed things along speed the road to utopia. so i think you mustn't confuse the short what needs to be done in the short run and an hour long run prospects one of the things that the railed against this theory is this consumerism
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that we've all fallen under the spell of where we have to work more to buy more to have more are you worried that more crises will follow because of the way we work and because of what we're working for it's a very good question i think we are consumption mad society and in order to go on consuming we have to go on earning money by working and working harder than most people want to and getting into debt and then the whole machine is driven by advertising and that does create a problem it means that as technology reduces the number of jobs and yet we all under this impulsion to consume more and what how do we see things developing what should happen is that on the whole we should give up growth as the top priority. and make sure we have enough work sharing so that people can get work but not most people working forty or forty five or fifty hours
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a week and then another fifteen or twenty percent not working at all or only working very part time we need to sort of distribute work better among among people who want to work and also make sure there's more leisure so that people can pursue pursue things for their own sake do things that interest them. and that's the way forward otherwise we're all sort of treadmill and i think. you're right they'll be more and more crises as a result of it no robots can tell school thank.
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you means and this is true even for specialists how a voice can produce several sounds it warms. the art of throat singing comes naturally picked up like a language. a language of communicating with nature it said that's where throat singing originates from the unions believe not only animals but also surrounding objects like reverse forests and even stones souls and by imitating the sounds they believe assumes to capture the power of nature. was. to get to one of the five main stars of groups and it imitates the gentle breezes of summer hora whose name means great hunter says he suspects adopt.
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there are special instruments that accompany the singing if gainey says there is even a legend about his instrument a gill it says once there lived a poor shefford who had the best horse that won every competition but jealous people killed it on the horse was revived as an instrument book it was it was up to full is got the spirit of the horse going to his dream he said make an instrument from a tree the sounding board from the leather of my face the strings. and to remember me make an engraving of my head part of the instrument he did so he called the instrument again which means come back and this melody only instrument is called.
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breaking news this hour the turkish parliament votes in favor of military operations beyond the country's borders following wednesday's deadly shelling from syrian territory turkey where news it's retaliatory strikes a. on syrian targets. and as the west rushes to blame president assad for the cross border violence moscow calls for restraint on both sides and highlights the lack of a global condemnation for the terrorism that has killed thousands and aleppo. also athens or runs as protesters stormed the greek defense ministry and the latest show of despair in the struggling country. thanks to sport with kate.
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hello welcome to the latest sport and here's what's coming up. big test angy coach we're sitting warns against complacency as swiss site young boys come to moscow thursday night europa league clash. while prove lho is in the new st so at home to milan as an own goal condemns the speed is very excited their second straight champions league defeat. and kings of the rink in our last i think rivals like bastille for the second time in a week third in the k h l western conference. but first a football and angie are preparing to take on swiss side young boys in their second day of the europa league group stage sittings even form side up top in russia and undefeated in europe despite u.a. for making them play their continental fixtures here in moscow yet as michael
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question carrefour it's their key to maintain the unbeaten run. six wins one draw and no losses that's how on g m a hearts goal as european track record read so far this season the d'agostini side of scored twelve goals and conceded only once late on it would elicit in their made in group game domestically and g. have also won the last six games to put them top of the russian premier league for the first time but guus hiddink is not underestimating his next opponents we started reasonable well again is difficult to do in this but i know in at home it will be maybe even more difficult to get results and it will not be an easy an easy game against a team with experience they have the experience in the past also in europe although teams are changing. but. they have they have some experienced players so we have a very difficult match. the dutchman will have most of his players available
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with some who will in turn and less in the pro are likely to spearhead their tack despite this threat sushma table side young boys will hope to get something out of the game they started their campaign with a five three hundred feet to a youthful liverpool side and know another loss would leave their european dreams in tatters. if we don't get a result it will of course be bad in the scenario of zero points from two games is something we want to avoid at all costs we're here to get something or at least a point of so it's paramount that we learn from the defensive mistakes we made against liverpool. young boys will go into the time having posted their highest domestic league win of the season on sunday a six two home win over set of f.c. which should do no harm to their confidence and although their captain said his side were all too aware of the danger posed by angie's star studded team he's really looking forward to the challenge. it is good to be able to square up to such
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quality players to see how we fit i personally am also really up for it is a massive challenge and i wouldn't say no to go home with a new meal draw. so young boy's dream of reaching the knockout stages of the europa league could effectively end with defeat on his evening was hitting side on the other hand are top of their domestic league and want to continue their good form hitting has hinted that he won't make many changes to the game against young boys but he may well be tempted to because following that game starts a long run of games which begins with anomaly on sunday michael genco r.t. moscow. well meanwhile it's five time european champions liverpool who top group a as brendan rodgers side prepares to host it in a.z. the english team fielded a much changed young side for their five three opening victory at young boys but what will says striker luis suarez who scored only the trick last saturday and midfield captain steven gerrard i likely to feature this. you know i always look
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teach. and pick a group in a team to win the game i'm sure. it in asia will be a very strong team because some excellent players. and it's a they've had some excellent results this season so far over she beaten ac milan and unbeaten in the last five games so we need to ensure we have a group strong enough to look to win the game and but those players will be involved. meanwhile rabin abhi other russian team in action this thursday the russian cup winners host parties on belgrade inking with age and that right now given that he is managing to chew it into milan we're not going to net she has about. what else well isn't taking any chances as the top manager plans to once again field his first choice team at patterson like last in their group jake trash this strategy didn't work in their opener a spurs were held to go in the store time to lance ito
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a fortnight ago however that means three league games against a first victory in twenty three years of manchester united with a three two win last saturday and want to keep up their winning ways in europe. to be able to be to be scottish well in your own league so. you know that everybody has the cards you need to give are so going to make the most of them that are going to be. divorced. even the possibility of going to arm in arm doing. something. for me one in the champions league on wednesday nines and it suffered a cruel three two defeat at home to ac milan after a tamasha only goal fifteen minutes from time gave the seven time european champions victory the visitors were to go off after just sixteen minutes thanks to emmanuel sun and stephanie ellis share all wait but record signing holcomb pulled one back in first half stoppage time and the money shot off level soon after the break box with a quarter of an hour left coopertown through his own net to make it three two to
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milan and a string of inspired saves from the keeper christian as a yardstick meant the visitors hung on for victory for that result leaves the need bottom of group c. without awareness after two games while malaga are top after their renal triumph at sound elect. now into formula one and seven time world champion michael schumacher has confirmed he will retire for good at the end of the season mercedes announced last week that schumacher would be replaced by lewis hamilton next season and though there's been speculation the forty three year old german could move to sabah is not announced he will give up racing and for good no one has won more championship titles and schumacher who initially retired in two thousand and six came back to race with mercedes in two thousand and ten. i've decided to retire by the end of the year. although i'm still able and capable to compete with the best drivers that are around but at some point. it's good to say goodbye
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and that's what i'm doing here with by the end of the season. and it might be stymied even be forever. now until i suck in defending champions damn i was going to have beaten rivals act boss for the second time in a week that you know home victory was enormous four straight win puts and surge in the western conference. with force. it was a highly anticipated fixture denali not worse have won three of the last four going cups in the cage hill and sit on top of the western eastern conference is respectively for boston was also a chance for revenge a solution to the most provides just last week in the very beloved charges completely dominated the first period the done is variable becoming a major threat for the opposition but these efforts weren't enough to break the deadlock rather unfortunately for a divorce as it was deny mccue managed to produce the opening goal soon after the break carroll cares have beaten keeper constantine berlin from close range from
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this point fence at the mega support their inner enjoyed an open game with lots of goal scoring opportunities. in and his dinner. alexander read america up to the mark to say the least and there was little surprise when both goalies were named the team's best players at the end of the night but before that the most provides who are able to find the net for a second time defender yana yellow virus gets into the school shit after a decent effort from alexander ovechkin the n.h.l. star coming away with one assist although he says his personal statistics i never too important as long as his team keeps winning and. i have been given a lot of support from players and coaching staff and that really house me to get back into european hockey as for my personal performance i'm quite satisfied with it as long as deny my win the game is that if you score a lot but a team loses you can be really happy about battle for the north on that basis he's
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a happy man at the moment since his return to deny they won five of their last six games and that the majority of the season still to follow the surely a lot more to expect through of h.q. and company. thirty moscow out and funny to tennis and well known it seem reassure of a drop just two games into the quarter final of the china right there. the russians trashed slovenian point plan to learn the six sixteen to clinch a third straight sets win at the tournament although it sure now faced a stiff a test issue playfish the injury cover after the almost song german overcame former world number one caroline wozniacki while another russian as nina is out she lost a while number one victoria azarenka for next place switzerland right mean up from date. while mccall usually house moved into the quarterfinals of the men's draw of the russian kept his cool to win this long final rally and beat south africa's
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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 i mean. for my hands you know just as if anyone won but they do tell a story they tell us story of. the oxen. to
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