i don't really trust the banks big or small and that confidence issue is going to be a problem going forward for banks of any size well the basil's three requirements were many years in the making basically after the crisis of the banks had a lot of time to professor why didn't they do it but you see the difficulty is that the banks were actually in a terrible scrabble for survival and they have been trying to prepare themselves for this but ultimately they've been too optimistic they were convinced at all points in time that the world was going to buy and buy effectively it hasn't they were convinced that they were going to see lots more money flowing into their coffers from multiple venues because that would be economic growth the op hasn't taken place so therefore as the debt crisis has got worse are rowing the euro and is the euro itself has left this sort of fetid stink in the air because of the of all that mess that is the greek economy and multiple other economies around the mediterranean and the euro zone itself banks are basically been left suddenly realizing that at the last that they've got to have this scrabble for cash and what

they're going to be doing now is they're going to be sell anything armchairs asset eastern europe and bank subsidiaries you name it they are all going to be up for offer it what's going to be the incredible amazing discount sale of two thousand and twelve two thousand and thirteen oz western european banks try desperately to make themselves sufficiently solvent under what to be fair is a rather arbitrary new set of regulations which aren't necessarily in themselves going cura anything ok do you think as a final question patrick do you think there will be a unique unified e.u. regulates rebuilding for the banking sector. there are obviously great attempts to create this an obviously we already have a rip in banking agency that's trying to get into one of the biggest problems arky i would say is just money i mean we have one european banking regulator that's trying to regulate the whole european banking system it's called the e.p.a. and it's a total budget i think last year was barely ten million euros if you compare ten

billion euro or even twenty million euro to regulate the whole banking sector when we're talking about the idea that the banking sector itself might be short of two hundred fifty six billion euros in power couple i'm not entirely but there is i mean the money aren't there to pay for what would be a european reg interest that would actually give everybody confidence that either the result will survive more indeed the european union itself has got an understanding of arced on how it's going to manage to manage commerce across the twenty seven economies let alone the euro zone itself going forward patrick and thank you so much for your comments and for your time. all right we apologize for that frozen video some move ahead and look at the markets u.s. markets are mixed and flat that's a regular jobless claims report showed a decline of twenty five thousand to the lowest level in a month still markets are under pressure correcting after a few days of gains apple is recovering up to the biggest one day drop in four

years on wednesday when it dropped more than six percent now it's up one percent now europe is a bit for the second session with the dax gaining more than a percent led by health care and merck up her three point four percent each with as several of its products get approval for the european markets now the dollar is gaining ground against the euro and the best in expected jobs report the ruble is mixed accordingly losing value to the dollar winning to the euro and the russian markets are a bit of a mixed bag at the end of a session gazprom one of the biggest losers it's down one percent and that's out. investors are basically bracing themselves for more billions of expenses for the company indeed russia's gazprom on friday will start building the south stream pipeline which will bring russian gas to europe now this twenty billion dollar project is part of the gas monopolies plan to secure its supplies to the e.u. by bypassing ukraine and more details now from of course but another chance guys.

south stream is definitely gas problems brainchild but of course a project of this size definitely requires partners and so far they are a state backed bulgarian company as well as italy's any germany's b.s.f. and france's electricity de france so you can really see that it's a huge project and so far so good if it hadn't been for this huge issue really this elephant in the room that's dogging every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's exactly what gazprom was planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. of. fields that somebody believes or so but again should. compete you should

start. before the market for the next for pipeline for its part the european commission really insists that the south stream odors before launching their pipeline will have to guarantee independent companies unrestricted access to the pipeline i had a chance to discuss this issue with the head of the international energy agency earlier this week i think it's absolutely necessary that the issue of seoul stand you know in russia's interest in a single market who wants to be a big player on this market so that means that you have to learn to to play according to the rules but of course i'm not a negotiator and so it depends on the negotiations between russia and to. the e.u. and most independent analysts we speak to also seem to think that regardless of how

different the positions may be of the valid. points that both sides might have they will have to come to some kind of an agreement especially considering that they have a couple of years to do it while the consortium members are busy laying down the pipes another show they're reporting from gas from headquarters in moscow now finally credit suisse one of the foreign pioneers of the russian stock market is now shutting down its investment banking operations in russia the bank will be dismissing fourteen experts as part of the move and that's its biggest cut since the two thousand and eight financial crisis however the bank says the decision is expense cut driven and russia is no less of an investment priority for the bank is on capitalizing on russian business will continue from credit suisse is london office earlier this year it's in these unique credit bank and group closed brokerages in russia. that's it from the business team for now i'm back in two

hours time and bill is back in a few minutes with more news to stay with that city. well for the. science technology innovation called the least of melamine sperm around russia we've dumped the future covered. please speak your language. programs and documentaries in arabic in

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motion. brightening if you move about someone from phones to the christians. whose friends don't totty don't own. the sun rises over what seems like analyst forest but here in the new directions quite hundred kilometers north of life i'll stop as much of the world it's disappearing at a counter structure a great. bloggers both illegal and those finding ways to outsmart the system for filing down the forests of the 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 lager set up trucks making them hard to reach in an already rough terrain and have mastered ways to jump through legal loopholes this is a nature reserve we're only sanitary logging of disease trees is allowed according to law and not a single berry can be picked the longest 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 to forests or it's in our chances are slim now for now we can stay in our dream but as soon as we find fall it tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off. anderson morning call has been a ranger for over twenty five years he can spend weeks at a time tracking

a single group of loggers leadership so 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's the tractor trails are very fresh which in fact means that we need to be quiet in order to not scare them off as we get closer. this team says they're legal but have no documents now xander can now call the police to take over his work here is done he's 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 is a start of that here for more whole forest legislation so assumes the pals and so on regards a new forest court and according to. every for us this is the guys in waltham in

the in the forest to the still this forest courts still doesn't work just you. know who it is 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 like 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 that might be a start to people living in harmony with nature. the gold fever. turns thousands into slaves. but also on the brotherhood involved in the mines and since i started working at the mine i stated . multi-nationals. cash cow to be milked

dry and if i think that in this country gold medal as an environmental cost which is unacceptable local business was labeled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. we are forced to pay protection to illegal groups what price is colombia going to pay. the bill. the modest effect on our t.v. and.

and . in the news continues now one area of america's economy which is thriving is its prisons packed to the rafters with criminals who make up a very lucrative and cheap labor force and. explains businessmen spend millions to

keep it that way in the u.s. the market for cheap labor is booming behind bars in the last fifteen years partnership between prisons and private manufacturers has increased significantly there are becoming america's very own chinese style manufacturing line behind prison walls prisons in fact advertise themselves as such as an alternative to outsourcing cheap labor to china or elsewhere on the web we came across this pitch that prisons prepared to persuade private sector companies to come and do business with them take a look. there is not enough folks that will do this type of work in this country so therefore we're bringing bringing back this industry that starkly has been going out of this country and we're putting it you know inside the walls and it's absolutely a perfect idea. i have a workforce that is not the kind of problems or babysitting center there are always

here and there always come to learn bring your business or leave a wide variety of industries take advantage of prison labor among many other things prisoners make clothing textiles electronics furniture and even solar panels hundreds of companies have used prison labor directly or through subcontractors including microsoft boeing starbucks secret and others by federal tax. rate compensated up to forty percent of the way to generate returns prayers to howards the need to provide medical care and in everything all of the general work in prison is men. dettori and the choice many inmates have is whether to work for a government run prison industry for less than a dollar an hour or a private one for a minimum wage or for around six dollars unique or is a government owned corporation that uses prison labor to produce all kinds of goods mainly for other government agencies one hundred seventy five different types of

products and services you see the variety listed on their website they to partner up with private firms now last year unicorn's revenue reached nine hundred million dollars as far as private prisons are concerned two of the country's biggest prison corporations made three point three billion dollars last year alone private prisons are traded on the new york stock exchange they are for profit companies and the savings that they reap from using inmate labor. go to their bottom line it's money they otherwise don't have to spend in order to keep. large prison populations and harsh sentences result in greater profits america's three major private prison companies spend around forty five million dollars over the past ten years on lobbying state and federal governments for supporting immigrant detention mandatory minimum sentences three strikes laws and other legislative measures that contribute to the growth of america's gigantic prison population one can argue about the many

causes and effects of america's skyrocketing incarceration rate but since prisons became a for profit industry in the us thirty years ago the number of prisoners has gone up dramatically not to say that it was the only cause behind the spike but many argue will support of it and now with the cheap labor market expanding behind american bars one is wondering whether the justice system in the us is adopting market values in washington i'm going to. on our website of the moment the cable t.v. company which wants to know you better much better. piles of peyton for equipment that will be watching you while you watch t.v. it's all designed to target you with advertising. but still in business the u.s. security company for me known as black water wins a multimillion deal to howell's u.s. troops in afghanistan. the details.

hundreds of anti war activists have protested in london after the u.k. finance minister admitted there's to be five more years of a stereotype of the country that was trying to say it's the budget for war that should be cut rather than welfare kate hudson from the anti cuts coalition of resistance was among the crowds britain spending on nuclear weapons this is an absolutely fundamental issue it's something that the vast majority of the population is a gate currently we are spending three billion pounds a year just on maintaining the existing system we know the government wants to spend one hundred billion pounds on replacing this weapons of mass destruction system that by full britain that could buy incredible amounts of investment in

really industrial development sustainable energy investment things that would really work to regenerate our economy yet the chancellor is tinkering around the edges our government needs to address these problems it's elected by the people to provide services for the people to make our country run properly it's not a government that's been elected to help the big corporations we have to see a change here. and the financial guru max kaiser has his own unique take on what's in store for britain you can watch the full program the cars report in about an hour from now but there is a quick preview for you. people in the united kingdom listen to me i have seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i'm a of the eyes of a cold hearted lizard but start a future eating the mud pies of austerity and not because i think the best name for

this baby will be snooki. standing. with this austerity budget and with the celebration all the newspapers are talking about like the baby is going to cost two million dollars a year the first year for clothes just for clothes and yet any of the mothers in england are being told or the united kingdom are being told we're going to slash your benefits we're going to make sure you're not you know feeding your children too much no no no well a couple points there first of all you know it's austerity for the baby stucky the royal baby as well they're not going to be born of the silver spoon in his mouth is going to be a silver plated so austerity first nickie baby as well. because a report a little later here in all t. will be back with more news for in just a couple of minutes stay with us. you

know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. do we speak your language or not at the end. when news programs and documentaries in spanish what matters to you breaking news

a little tonnage of angles kidneys stories. you hear. the choice all teach spanish find out more visit. to build. anything

tim's mission to teach me. is why you should care only. got killed.

the sun rises over what seems like and lowest forest but here in the new directions cry for hundred kilometers north of light of all storms as in much of the world it's disappearing at a catastrophic rate. mockers both illegal and those finding ways to outsmart the system for 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 trucks making them hard to reach in an

already rough terrain and have mastered ways to jump through legal loopholes this is a nature reserve we're only sanitary logging of disease trees is allowed according to 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 to forests. and their chances are slim now for now we can stay in our dreams but as soon as we find follett tracks we'll have to drop our wheels and get out silently in order not to scare the loggers off alexander some more in ca has been a ranger for over twenty five years he can spend weeks at a time tracking a single group of loggers 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 have twelve tractor trails are very fresh which fact means that we need to be quiet. in order to not scare them 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's 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 thousand and so in regards a new forest court and according to close up a new low for every for us this is the guys in waltham in the in the forest through the still exist so our forest courts deal doesn't work just you. know do it because 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 like it's a question more and more people are aware of today climate change and the safety of our environment as a whole are being discussed around the world and perhaps it's those small steps that might be a start to people living in harmony with nature.