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tv   [untitled]    November 13, 2012 1:30pm-2:00pm EST

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this is r.t. the german chancellor received an angry greeting in portugal where she came to support a stereotype measures gripping the country and rage crowds demonstrated in the streets blaming angela merkel for the financial pain they're going through and as r.t. sarah first reports next many question why something that failed in other countries should work in portugal. these measures have been killing is due to give us no future it's only for cattle and employment and misery to many people becoming desperate and it's almost like a visceral reaction
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a visceral reaction to these measures people that are getting angrier and angrier angela merkel says it supports the goal may have been as a sign of support for this thing daily to serve to highlight the. protestors message loud and clear way testers standing off against the royal family become very familiar protest gatherings in europe but perhaps not so familiar the poetry girl here until recently have been much more tolerant of the strict austerity measures that have been imposed on them but as you can see here portugal's patience is really running out with record levels of unemployment now fifteen percent and the country about to enter its third year of recession is becoming apparent that the country persons have hate could be a southern european success story now struggling to survive talk about cuts to
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jobs we talk about the search measures what does it mean to be living through that right now in portugal it means i don't see any future for my child we are getting angry because the government don't care. about people put two goals not alone of course the stories of hardship are all across the usa impressible finance ministers are desperately trying to come up with a way to pull greece back from the brink of bankruptcy with athens having just approved yet another round of cuts this is the cause of the speech to the country so the greek political class like the rest of the year. in a sense i think chris is a. prisoner of the you're not you're with this side. ology exerts such a power over people that they are prepared to do things which by only rational measure obviously counterproductive in order to preserve the european project of the euro
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in particular. are determined to do everything to keep the single currency in tact even to destroy their own country and with greece's economic straits people are questioning just why portugal must follow the same courted rate say many economists say it's deemed to end in failure. of their r.t. there's been a strong pick through the gloom sure to discuss the latest developments in the economic crisis in europe and what effects it could have globally let's talk to harlan green is editor of popular economics dot on the line alan good evening the leaders are staging numerous summits we've been reporting on of enough visits news conferences all about helping greece while happy to praise reform efforts that many say make in the life of greeks miserable the ministers still decided on this bailout yet whole long till something changes for the poor greeks. good evening
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devon how long i think it'll be much shorter since the reelection of president obama because this country voters have rejected austerity measures that the romney was was advocating and the republicans and i think it's going to follow up soon in europe. as you see in portugal now with the riots in spain and the demonstrations and rallies all so austerity doesn't work there either we already have the remedy in our country i would say over the next year with obama traveling everywhere president obama will be spreading the word that it doesn't fiscal austerity our federal reserve bank has has has initiated q e three which is basically an unlimited open ended. determination to spur economic growth with lower interest rates and buying backed securities whether mortgage backed securities wherever in the reviving or keeping the rates down on until our unemployment rate drops to around six percent well sounds great that's going to stop you i'm falling off the
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proverbial fiscal cliff is it into oblivion well that's very interesting there's not really a cliff it's more like a slope here just a term coined by one of the deficit hawks i would call them but really it's a slope we have to come to some sort of an agreement over the next year and a now it looks like with obama's reelection that we will come through because republicans now are saying they want to compromise in europe by sea the same thing the germans now have to have to believe in compromise if they don't believe in compromise portugal go the way of greece compromise means giving the european central bank more freedom more freedom for quantitative easing of their own if you'll notice now in england this working growth has picked up one percent i believe in this quarter or about to pick up and it's because the europe because that cameron prime minister cameron had to reverse this stance almost eric he's allowed their central bank to do quantitative easing. which is what we're doing and
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they're talking about another fifty billion just printing more money it's not printing it's on the federal reserves in our case federal reserve books is not printing more money doesn't go into the economy it literally keeps interest rates low and takes out some of the some of that death of floating around if you want to explode or about the can you just explain in a sentence what if you cut quantitative easing what does it mean why did it easing means that the federal reserve will buy certain security so ok our federal reserve is doing that now to the tune of forty billion a month and maybe more and they'll keep buying them up to keep interest rates this low our interest rates are at a half percent a quarter percent i'm sorry overnight really european just barely european central bank still had seventy five points point seven five percent they should be dropping their overnight rate to a point two five percent and why because it helps it helps by keeping interest rates this low you are allowing cheaper money everywhere and you know the problem
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with spain and now portugal and of course italy and greece there's six percent plus treasury rates are killing them they can't pay that debt now but it's not a sinner but a cheer for a change an optimistic note hala great in sort of pop freakonomics dot com thanks pete on the program they are quite welcome kevin pleasure right ok let's talk business not no much cheering for in the u.k. you paying for gas is a bit of a scandal or a citizen to rumble over them scandals taken it too far but there's a there's a complaint about the way the gas companies are charging when you go for it well basically regulators right now have discovered that there was at least one case when trading in gas prices was very artificial and that was on the day which ended the energy year for gas prices and when the index for the next year is being set so this could lead them to think that happening all over all over the place every day and so have the in my program just for a great. i
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don't welcome to the business news on r.t. russia has come one step closer to developing its second subsidy gas route to europe which is south stream the country is a green investment decision on the project stretch in slovenia south stream is aimed to diversify russia's natural gas supplies to europe of voiding other transit countries like ukraine now the pipeline is expected to be commissioned by the end of two thousand and fifteen with a planned annual capacity of around sixty three billion cubic meters of gas meanwhile gazprom said alexei miller revealed the project time plan for the nearest future. city of the students this wednesday will approve the investment project of the subsea part of the pipeline then on thursday will make an investment decision on bulgaria's stretch and will start the actual construction of the project on the seventh of december all those pictures now coming back to that topic the u.k. regulators have indeed launched an investigation into alleged wholesale gas price
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manipulation financial services authority pledged to carefully examine any instances of potential market abuse but the stories are raising a lot of questions about the fairness of consumer prices in general and the trustworthiness of industry watchdogs now discuss this in more did so now joined by my colleague the business about the sun and sky you're following that story that's why it has this story been brought to the public eye and who did that well it was first brought to the public eye by this former city trader named seth friedman who worked for a company responsible for setting the so-called the benchmark prices these prices and then he used for a wholesale contracts and according to what he saw he believes that this price manipulation actually went on on a more or less regular basis. all right will will probably be able to to
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listen what he had to say later later in the day that are set out this scandal has been put in the u.k. gas industry under the spotlight indeed but i mean is that system in the u.k. very much different from the rest of europe could it be happening in europe well potentially could be happening everywhere but the one thing to remember about the u.k. is that fries gas prices that are pretty high there in fact they're pretty close to the top of the range let's look at the actual numbers of romania has the lowest natural gas prices in the e.u. by contrast swedish consumers have to pay about five times as much. and in the u.k. households pay on average an equivalent of about eighty euro a month for their gas bills similar to what u.s. consumers have to pay but the one thing to remember is that in the u.k. gas which is the most that he used that utility has nearly doubled in price over
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the past seven years and there are a couple of factors that lead to doubt first the fact of course said gas prices is tied to prices that have been on the rise over the past decade and also the fact that the state does not subsidize gas bills in the u.k. whatsoever and for every one percent increase in the energy bills forty thousand people in the u.k. slip into what's called fuel poverty defined as having to pay ten percent or more of your monthly income in energy bills and there are currently about five million people that fall into that category that live bull that adds fuel poverty line but i mean in all these countries that you measure at least most of them they have massive bodies of a regulator is watchdogs you're saying that right now there could be price rigging playing a role in all of this price setting well absolutely and you see that's the thing
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consumers is suddenly waking up to the realization that wholesale prices might have been manipulated and because they are the basis for their monthly energy bills they really like lose faith in the entire system and they really start to question absolutely everything including what they have to dish out every month and this is a very whistle blower seth friedman who brought this to the public's attention said that what he noticed the regularities that he reported to place on at the end of september on the very day that marks the end of the gas industries financial year could be. attention we set the set the price for the future and therefore obviously that really means that you know it takes place on a massive scale and even the tiny price fluctuations could translate into millions of billions of pounds but there has been talk of a task before all of this why is the timing such that we're looking at this so so
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closely at the story right now well the timing is interesting not only are we at the onset of winter but also this week one of the biggest energy suppliers in the u.k. is raising its prices by about six percent so there's a ready a lot of tension in the air and of course the big six energy companies as they're noone in the u.k. are denying any involvement in this whatsoever but british prime minister david cameron has pledged to force all of the energy companies to automatically switch their consumers to the lowest available care of something that he was viciously criticized for by some but the very idea that gas prices can be manipulated for somebodies financial benefit on such a huge scale in this day and age when you know energy costs seem to be permanently rising is just mind blowing and it's especially mind blowing considering that it's
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taking place in the u.k. one of the world's most developed and sophisticated economy absolutely and if they actually do if we actually do see some legal action against against these companies involved that would set a possibly overhauling president ok thank you very much and us on the outskirts or let's take a look at what's happening on the markets in the u.s. markets remain weak despite home depot's earnings talking expectations now analysts believe there's little hope for for real rally into progress is made on the budget towards without which triggers more than six hundred billion dollars in automatic tax hikes and spending cuts in january just one hope. this is so called fiscal cliff everyone's worried about now over in the european markets we are seeing a close which is slightly positive that's after greece sold enough treasury bills to ease worries of an imminent default five billion euros worth to be exact and the euro for that matter was
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a bit stronger froude the day to the door now it's flat whereas the russian ruble managed to lose around half a percent against both currencies and the russian markets to raise to monday's gains they went down very deep around three percent on growing concerns over europe and cheaper cruise take a look at some of the individual movers on the my sixty m. k. b.p. finished along with the market the firm's a russian and british co-owners have ended all existing disputes to clear the way for companies acquisition and or major ross which is actually buying up to be attended better than the market down just half a percent and meanwhile the top lender is burbank which is the heaviest traded stock on the market lost around three percent. good news for air carriers flying to europe from other continents the us decided to free them from paying admission fees for at least one more year only the european union decided to oblige all carriers to document this c.e.o. two emissions and purchase permits when they ceded allowances the move was strongly
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opposed by companies who said this will increase the cost of the first pavements had been due in april two thousand and thirteen but this will now be deferred for intercontinental routes along with any obligations to monitor the cultivations however mission fees will be brought back if the e.u.'s aviation regulator does not work out a different solution with. well that's all i have time for this i'll be back in around two hours time with more. trimmings in this tree even for specialists a voice can produce several sounds it warms but to do the means the art of throat singing comes naturally picked up like
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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 all surrounding objects like reverse forests and defense don't have souls imitating the sounds they believe assumes to capture the power of nature. was. there are special instruments that accompany the singing give 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. or was it have stopped a full is because of the spirit of the horse coming to his dream who said make an
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instrument from the 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 i called the instrument again which means come back and this melody only suman is called. to fly as one of the most famous groups in the republic there. next goal is to tour broad they say for you are peons it's difficult to pick up and sing so i ask them to teach me and see if i can do it little you cheer it up and they were. sharing it oh you. did that was sure to say can you know who it was you think galle are oh. but now it
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is part of the song and not the actual throat singing which i wouldn't even try to repeat. so maybe you have to be born here to be able to sing like this i thought so until i met she looks like a deveny and i don't even speak their language but she is from japan. most says to heart and mind that you come from two hundred years ago until sappy here she's not planning a professional singing career but she keeps practicing just because it's become part of her nature. thanks. to a ten to eleven pm here in moscow this is our team now we bring you
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a bit more of the breaking news we spoke about about fifteen minutes ago from says become the first european country tonight to recognize syria's newly formed rebel coalition as the sole representative of the syrian people let's go live for middle east correspondent paula slayer these days paula coming through in the last hour what more do we know what's the significance of this step one tonight but it certainly is significant what we are hearing is that france has recognized the syrian opposition coalition as big it just isn't representative of the syrian people becoming the first european nation to do so the french president francois announces that the syrian opposition coalition will act like a tin government in the future is it once the syrian national council has formed a transitional government then the whole issue of the supply of arms from will be looked at now this does point to the recognition earlier of six gulf states who recognized this opposition coalition we also heard from the khatami foreign minister who say that the recognition who are obstacles to securing arms but for
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syrian rebels a particularly important point to make is ever missing is an exact parallel to what happened back on march the tenth two thousand and eleven when france became the first trying treat to recognize the national transitional council in libya that was because into the rebel fighters there it recognized them as libya's only just in the government i mean children after that he did witness foreign intervention in libya the arab league has given his it and welcome to the new coalition and it says that it is a crime we need to shoot it but it has stopped short of witnessing it as the legitimate because it had to of the syrian people there are many questions questions. supply of arms the question of just how feasible will this opposition coalition be as it is really a hatch work of organizations and people going to come together and not to forget that the opposition itself is long been good to the plot by internal bickering and they're also still places on the ground as to how much influence it has these on the opposition groups and working inside syria or say if it were from the story up
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over the coming hours that with your help of course thanks very much a bit earlier on i spoke to fadel mansouri spokesman the communications manager of the free syrian army he revealed has never been in the tension to avoid violence or into dialogue with president assad. that is not by his. remaining in power is something impossible nor dialogue nor negotiation you want the world but certainly not all of those you are willing. to go he is a link to be a lot of negotiate an acceptance. this year you are today i don't know your object but only one of my colleagues have to dialogue you have shut us at my walkman shirtless nor any political dialogue with the shuttle as job as he will do some brief twitter posts of landed war men in jail in bahrain and activists given six defaming the king of the social network three
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other bahrain is really convicted of the same offense the crackdown against political dissidents also since thirty one people stripped of their citizenship in the past week claims their campaigning on the minds of clarity there's been massive reform protests in bahrain for nearly two years. the judge radical muslim cleric and group are those are really still in several years old tension without charge while britain wrestles with it see when rights of the geishas get out as wanted in his native jordan on terrorism charges but european rules forbid i'm not going to be in the places where they won't get a fair trial but the deputy prime minister nonetheless to get the cleric kicked out supervising qatada could cost british taxpayers five million pounds a year. floods the simplicity of no claim four lives raging waters a structure here it's most historic cities including florence and the lagoon city of venice the victims died in similar but separate accidents where the vehicles were swept away by torrents heavy rain and usually high tides caused rivers to swell burst their banks. don't get all our news twenty four seven dog com if you're
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not near your television with more news just about seven minutes from now all of this is coming to you live from moscow we appreciate you watching. wealthy british style. markets why not kendall. find out what's really happening to the global economy with mike skies or for a no holds barred look at the global financial headlines tune in to kaiser report
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on r g. three speak your language. programs and documentaries in arabic it's all here on. reporting from the world's hot spots skiffy ip interviews intriguing stories for you. in trying. to find out more visit our big teeth dog called. browser's. sisters. i miss it and.
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take care of my daddy. a lot of. does a famous reuse benson play was oh my saban's was my mammy ransom business. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations to rule the day.
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this was the plant that was responsible for causing the world's worst industrial
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disaster and had been abandoned in a condition where it had become a source of pollution the most recent study that was done shows that this water pollution and spreading. more than a hundred thousand people. need to be. in the sea. five hundred dollars. unpunished. good luck. to build.

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