tv [untitled] October 4, 2012 2:30pm-3:00pm EDT
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it's losing within one point one percent as you can see there lukoil very worse than the market down two percent as it's heads of metz with the a well ministers from iraq in order to speed up the west credit to project adding currencies the year i was gaining massively against the dollar have to marry a drug pledge support again for the year of calling it irreversible now a latest stimulus ground the globe is not really help the russian ruble deputy head of russia's central bank. told me what he thinks needs to be done to strengthen the ruble. see a lot of. what the freeze in terms of what the difference is in the way i see the logic of balances that supplants and you know first wave old new clues into the markets but it's not enough to have seen news coverage write the best known the ruble very much for example at the very much dependent on the capital account want this to soon be kept tuned for some sort of zero balance it would open
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a sure bolder to. all right coming up next on c we're now and economist robert skidelsky told us tells us why with steroids he's failing and why governments need to factor in human nature. today i'm talking to north robert skidelsky he's a professor of political economy and also the biographer of john mayne arcanes widely considered to be the most influential economist of the twentieth century we'll be talking about what keynes could bring to today's economic crisis though it could ask you first would you explain to me in layman's terms what the government is doing to mend the economy and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse. the sad fact is that the british economy has been shrinking
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slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but on at the same time you say that not very much is being done at all one thing is that they're blaming everyone but themselves first of all it 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
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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. 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 the belief which was often expressed by george osborne that as soon as asperity was 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
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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 it hits the rates presumably that means that during this recess and the gap between the rich in the poor why didn't even fire yeah that's that's already happening 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
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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 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 one of your colleagues an economist called james keane has suggested a scheme that he calls quantities of 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 it sounds like
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a great scheme do you think it would work 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 spend it in one way or another. then i think that gives a boost to the economy because they can increase 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 who 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
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government we've seen a europe wide backlash against austerity what do you think prime minister david cameron's chances are being reelected if he continues if this territory continues if there's no change of policy if the measures that are now being proposed small or 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 they feel 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 they're 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
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a keynesian idea that capitalism is a way towards working less than having enough is the current economic crisis is a result of that so it's time that we thought of the rails well that was 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 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 the 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
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confuse the short what needs to be done in the short run and an hour long run prospered one of the things that the railed against this theory is this consumerism that we've all fallen to 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.
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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 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 among people who want to work and also make sure there's more leisure so people can pursue you know pursue things for their own sake do things that interests 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 dramas cadel's can thank.
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the sun rises over what seems like and last forest but here in the new directions crime hundred kilometers north of life while stopped as in much of the world it's disappearing at a catastrophic rate. mortgages both illegal and those finding ways to outsmart the system filing down the forests of the more skewed region for them profit goes well beyond the future of our planet and the result could be an ecological crisis the world wildlife fund for nature makes regular trips to help local rangers do what little they can to stop the logging but it's not easy longer set up traps making them hard to reach in an already rough terrain and have mastered ways to jump through legal loopholes this is a nature reserve were only sanitary logging of disease trees is allowed according to
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law and not a single berry can be picked but loggers like this use their sanitary logging permit to cut down absolutely healthy trees and sell the profitable timber over the border in china we are on the hunt for illegal loggers and it's not going to be easy the forest is enormous and our chances are slim now for now we can stay in our dreams but as soon as we find quality tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off alexander someone in ca has been a ranger for over twenty five years he can spend weeks at a time tracking a single group of loggers it's easier to work when snow falls in autumn it's impossible to find human tracks and even transport tracks are hard. to see after hours of driving we get sent in the right direction by word of mouth you can see that the ground is soft here which means that they've twelve the tractor trails are very fresh which in fact means that we need to be quiet in order to not scare them
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off as we get closer. this team says they're illegal but have no documents now xander can now call the police to take over his work here is done he is overwhelmingly outnumbered there are too few rangers working in the promote the region and the w w f says the government isn't doing enough to stop it i guess the government now as i started city for more whole forest legislation so assumes the. forest court and according to. the guys in the in the forest to the still the forest courts deal doesn't work just. as no one tries to stop them in just five years the force will be gone they'll sell it all to china what will the people who live afterwards do but it's a question more and more people are aware of today climate change in the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps
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that might be a start to people living in harmony with nature wealthy british style it's time to . market why not. down the. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines and tune into cons a report on our. which brightened if you are able to move from files to crash you.
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screwed start on t.v. dot com. headlines tonight the turkish parliament voted in favor of military operations beyond the country's borders following wednesday's deadly shelling from syrian territory that's hysterical with news it for tell of three strikes on syrian targets. also as the west rushes to blame president assad for the cross border violence moscow calls for both sides to show restraint and highlights the lack of global condemnation for terrorism has killed dozens in aleppo. also athens the ropes as police used tear gas and protesters who tried to storm the greek defense ministry in the latest show of despair and struggling country. court eleven pm moscow time is catch up with kate now she's got the sport.
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no welcome to the thursday small round up with me partridge on the third big night of european football here are the headlines. european dream samuel eto scores a second home place of russian leaders and the two young boys to know in moscow to remain unbeaten in the europa league. while part of gun show rubin score either side of the interval to beat belgrade to del in cars than in their group at each encounter. and march on china maria sharapova in a couple usually both reached the quarter finals after respective the straight sets victory in beijing. but first a football and samuel eto scored a second half brace as russian league leaders and the swiss side young boys to no here in moscow remain unbeaten in the europa league despite the weight of making
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her sitting side play their continental pictures in the capital they still took the lead after sixty two minutes thanks to an end to penalty as the cameroon star wrapped up a victory in the group a fixture with a second strike in stoppage time for me while in group h. goals either side of the into full throttle gawked a nice car or denise and alexander he has unserved gave rubio a toodle victory would have departed on belgrade well into a land cruise past nifty three one in azerbaijan and saw them as they went in front of one of the ny course in group g. thanks to a thirty eight fifteen minutes header from michael dawson but jose verde tashi has equalized after seventy seven minutes in the last ten minutes that. well meanwhile also in group a five time european champions liverpool are about to kick off a time to deny easy to brendan rodgers team fielded a much changed young side for their five three opening victory a young boy but striker louis suarez who scored a league hat trick last saturday and midfield captain steven gerrard who they could feature as their brain is named on the bench along with nearly shock and study. you
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know we. and pick a group in a team to win the game i'm sure. it in asia will be a very strong team because so much room players. and it was are the results this is an issue for obviously the milan and i'm beaten in the last five games. we need to ensure we have a group strong enough to look to win the game. but those players will be involved. what we want in the champions league on wednesday night is a need suffered a cruel three two defeat at home to ac milan after a late own goal gave the seven time european champions the victory the visitors were to know just sixteen minutes thanks to emmanuel sun and stefan. but record signing holt pulled one back in first heart stoppage time and i'm sure our pop lead
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all soon after the break but with a quarter of an hour left who were challenged put through his own nets to make it three two to milan a string of inspired saves from the christians up the ante and then to the visitors hung on for victory. well that result leaves the need bottom of group c. without a win after two games that malaga are top of their three nil trying to time the way that it helps them a christiane or another hatrick help realm of trans i aks for one it was the wind a second travelling a week and first in this competition was them up nicely for the el classico plashing barcelona on sunday the victory was wales fifth in three years against biaxin europe but coach shows a radio still says their opponents have improved. today was competitive. frank was very intelligent it change the way they normally think football but they did it very well you know very intelligent to do
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morse very loans were very close. well that victory also puts way all top of group day with two wins from two rescue dogs under next despite a dominating at manchester city a super performance by city goalkeeper joe hart and conceding a last minute penalty converted by substitute norrie about a tally so the german champions draw one one zero city manager about the man cheney was less than impressed with his side. in the champions league is totally different from every championship. when you play the best player. and. when you have a chance you need to score if you don't score and after you conceded like we can see that does even it is difficult at the weekend we. will however often all have two wins from zero after beating m.p.r. cost three one of the emirates the greek sides in weapons defeat on english soil
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giving you no new coach but all ski and air around the school to the gunners who are top of group b. after shock of one penny a drink water one and also believe the three points were well deserved. this week when the game is a great result for us and we made itself very they were. very good i thought their organization was excellent and they may be cheerful as. we improve if we do baldly. terms but overall listen we're doing. however big spending harry signs him out last one they look porto gave us for three guys five times a cracking winner in the eighty third minute but the portuguese side top of group a while in our care at our level with p.s.g. on three points after that to nowhere at home to dinner was our group. now under four we don't want to seven time world champion michael schumacher has confirmed he will retire for good at the end of the season miss avies announced last week that schumacher would be replaced by lewis hamilton next season and as though there's
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been speculation the forty three year old german could move to sabah but he has now said he will finally give up racing to the no one is. more championship titles and schumacher who initially retired in two thousand and six came back to race with mercedes in two thousand and ten however has since playing test run. 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 and that's what i'm doing here with by the end of the season. and it might be stymied even be forever. tennis and world number two maria sharapova dropped just two games as she eased into the quarter final of the china open the russian reeled off eight straight games before conceding those two but she never trailed on route to a comprehensive six love sixteen thrashing of slovenian qualifier elena hertzog as
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the french open champion looked to claim her first china open title in beijing although sharapova will now face a stiff a test as your next play fifth seed angele curve or after the on the song germany overcame former world number one caroline wozniacki in three sets six one two six six four was the way it finished as the world number six also qualified for the season ending championships in istanbul later this month. while top ranked story as our get proved too strong for russia as your lane as they now as the australian open champion freeze to a six three six three victory and will next face switzerland mina operand. while mccall usually has moved into the quarterfinals of the men's draw the russian kept his call to win this long final rally and beat south africa's kevin anderson six three six three and see that usually is looking for his second title of the
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season but next faces a fresh joe wilfried tsonga the frenchman received a walkover into the last eight after nikolai retired if you train right leg injury . finally to ice hockey where defending champions damo must go be rivals act boss for the second time in a week on thursday the tiriel home victory was to numbers four straight win against reports. it was a highly anticipated fixture do now and i guess who won three of the last four gary cups in the cage and see them table the west and used to differences respectively for gas it was also a chance for revenge but to losing to the most people it's just last week in a row. billowed charges completely dominated the first period the done is becoming a major threat for the opposition but these efforts want enough to break the deadlock rather unfortunately for of bars as it was denied to produce the opening goal soon after the break. beaten keeper constantine berlin from close range from
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this point fence of the mega sport their inner enjoyed an open game with loss of goal scoring opportunities. and his dinner. and xander read america up to the mark to say the least and there was a little surprised and both goalies were named the team's best players at the end of the night but before the provides who are able to find the net for a second time defender yana yellow 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 helps me to get back into europe as from my personal deformity i'm quite satisfied with it as long as deny my win the game is there if you score a lot but
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a team loses you can be happy about that on that basis he's 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 shula a lot more to expect and company are. thirty. wealthy british style. spot on that's right on. target when i was. out of the. market why not. find out what's really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines tune into cars
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a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers in 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. but they do tell a story they tell us story of. the oxen. going
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to use a secret laboratory to mukherjee was able to build a new most sophisticated robot which on fortunately doesn't give a dollar amount anything turns mission to teach music creation why it should care about humans ingredients this is why you should care only on the dog. download the official application to cell phones choose your language stream quality and enjoy your favorites from alzheimer's t.v. is not required to watch on t.v. all you need is your mobile device to watch r.t. .
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