something. lives been each. thousands of meters of ice control. the lab. that is aloof for many. but dangerous even to those who keep it to distance.

hello there welcome to business now usually this time of year is for relaxing but these holidays consumers businesses anglo bl financial markets have been on edge waiting for a resolution to the u.s. fiscal cliff drama preparing the was now a compromise has finally been arranged but it still leaves few satisfies i'm joined now by our correspondent tatiana. now you've been talking to a lot of experts on this all about alice and i would oh what are they saying what are they saying in the in a circles of it all well care to market watchers out overall creates a call for a deal they say it's just a relief for a couple of months as not of the real u.s.

fiscal problems or even tackled so let's just recap for the benefit of the viewer is that diane maybe aren't familiar with the deal with the fiscal cliff very briefly what's it all about your reference many of our raising taxes for richer americans now those individuals who make four hundred thousand dollars annually and those couples making more than four hundred fifty thousand dollars annually will be paying like almost forty percent income tax and that's just a five percent increase from the previous levels of thirty five percent but as i understand it not as severe as a report like that's going to dry and also as i understand it government spending hasn't been touched so from my point of view there's a deal on the table we've got a compromise surely this is going to be a positive thing it could have been a lot was. sounds good to you but many experts i've spoken to are so pessimistic about the u.s. future or for example the jim rogers the american legend or investor he's saying listen that any tax hikes really. leads to a recession in the next year to look what richard haass who's the president of the

council on foreign relations he says about the fiscal cliff deal the only thing they did was avoiding sending this signal that we are reckless and our of control well i think from what i'm seeing at the moment is the very fact that a deal was struck at the last minute screams of what a desperate do tanya of her screams of desperation and most analysts they would agree with you they say that is just the beginning and the main battle is still ahead so to conclude let's listen to mike in graham a market analyst at b.d.c. progress from london. what was agreed was basically to avoid a lot of the tax increases but it didn't really address the spending side of the equation and the republicans which are due to come back into the next congress tomorrow because democratic counterparts. say that they're actually going to be

tackling this side of the equation again in the next couple of months now the issue of the debt ceiling which is a u.s. pouring limit is something which congress needs to pass in the public says we're quite happy to hold this over the obama administration until they get the spending cuts that they want so there's a lot of political wrangling ahead on that yet. nerve markets. so that's what the experts are saying let's have a look at the u.s. markets reaction as you can see we are looking at that new year rally is underway and it's in reaction to the lawmakers passing of the bill advancing those spending cuts on those tax increases we were chatting about on real sense of relief on the trading floors as you can see it got some real positive has to gains on wall street . and let's take out europe then shall we see what's going on we've got stocks rallying to a twenty two month high after the deal was struck so as far as the global equity markets are concerned so far so good really for twenty eight thirteen as you can

see again we're looking at positive gains that. how moving on then if you manage to escape the financial gloom of twenty twelve then count yourself lucky or somewhat all simply resourceful in the third year of the global recession people in space one of the eurozone countries hit the hardest while forced to think outside the box on the sacred siesta is now saying by its fish his critics says and excuse to be lazy in these modern times where air conditioning is as common as a castle is he wore it in its queues for an afternoon nap some that are questioning fact sisco hot dinners are on their way out to economic or homemade sandwiches are now filling up lunch boxes as part of the belt tightening mission for struggling families and children then out walking to scole saving on the fuel bill and in turn actually helping to reduce road accidents as well now as for career choices one of

the oldest occupations prostitution is that sadly sing or surges and places such as a valencia there is even a training course for escorts to brush up on their skills at a cost of one hundred euros and in these challenging times they don't just affect in the living we've got dead spaniards having it zoomed in cemeteries a move to keep a slice because of late payments from their relatives even tombs have been dug up in some cases for quick cash and as to funerals well no more fancy fills and flowers instead scientists are being inundated now with bodies to research on of all of these reactions to austerity sound although depressing than the spanish may want to consider the irish approach it seems that when the going gets tough the tough get pregnant island may have one of the highest unemployment rates but it's also high up the fertility table to just over two per woman on that bridge down to

a surge in women of childbearing age after the earlier boom during the lame. night in seventies when the country was also gripped by economic crisis so for the ever old although it seems to be a case of baby one more. well not everyone suffered in twenty twelve you'll be relieved or perhaps even slightly sick and say that the rich they got even. according to bloomberg billionaire index a total of two hundred forty one billion dollars was added to the world one hundred wealthiest individuals collective was. just sixteen of these one hundred people registered a net loss for the twelve month period the biggest gain of twenty twelve was seventy six year old spanish billionaire you'll be the founder of retailer index s s a which actually owns czar of the clothing stores well now he managed to more

than double his fortune from twenty two million to fifty seven and a half billion dollars. and if you think your new year is your new year's eve celebrations i should say we're pretty special then you might want to think again because russian billionaire man well he went all out he had dog s. including p. diddy the american rapper was flown into the vols to perform in the billionaire's yours which as he has the capacity for four hundred people in toto some of these included star wars film director george lucas designer marc jacobs and superstar p. diddy and american rock band kings of leon as well they performed and the total cost is on last year's bashed course the chelsea football club owner about eight billion dollars that his pregnant girlfriend that he has a quote what was said to be on her best behavior so it's really seeking to water

throughout the evening. business been i'll be back in just under two hours not next all but seeing fuel stations on how it's held within a decade are what space eric anderson has in mind he tells artie all about it after the short break. i never thought i could earn a living this way. natalee issue of oil is a norm or should just small arms so there's a lot almost machine building plant not only a sourced count of all the weapons she's fired over the past twelve years. i got so used to it sometimes my friends ask me to join them at the rifle range and i say no

way i'm so tired of shooting. the planet's history goes from making firearms during world war two to ballistic missiles from nuclear submarines during the cold war the bulk of the soviet industry was moved here in the 1940's to flee the advancing germans so if you were also became the heart of soviet military production closed off to foreigners for half a century it thrived on the massive moods of the soviet military when the u.s.s.r. collapsed the life here was shaken to the core but some adapted to better than others. this is the fuel truck factory russia's number one of truck made for girls a look at how well the workplace is organized everything's gone to make sure the workers don't waste time waiting there was old production is booming and the factory has largely managed to get on to civil whales these johnsons sold around the globe here but it's a brand new beef now waiting to be delivered to acquire seventy trucks like this

one roll up the bronx conveyor belt every day slogan about this things that absolutely huge. well i'm no formula one pilot but hopefully if i can get up that. well i came to fight. well and i was planning to get one of these to travel to one every morning that's what the cost of about forty thousand dollars i should start saving money. space tourism one of the more fun civil ideas of our time or a solid business proposition in orbit around earth for the future well joining me

is someone who should know a lot about that question it's eric anderson a space entrepreneur who say back here on earth so mr johnson thank you for joining us it's a pleasure ok we'll start off your company was founded taking people up to space since the two thousands i remember when i heard recently about the idea of a space hotel i made a bet with one of my colleagues that there would be no such thing in my lifetime now aside from the fact that i would never live to see the money if i did when that was the confidence i had that there would be no such thing was i foolish to make that too but unfortunately i think you probably wore i have absolutely no doubt in my mind that there will be a space hotel within the next ten years in orbit around the earth why. because there's an incredibly good business plan behind it because millions of people want to go to space and because the technology to provide such

a hotel is getting closer and closer every day in terms of its cost effectiveness so there is in theory an impetus there but at the moment the principle impetus is this just the fact of let's go and see what is out there let's be at. tourist in space is not really enough of an incentive all the market studies that have ever been done will show you that forty percent of the general public wants to go to space in their lifetime it just has to reach a point where they can afford it and it's safe enough for them to feel like they're not risking their life excessively to do it but i do think the tourism market is a catalyst it's not by any stretch the only reason the space we'll go to space for resources will mine the asteroids will get precious metals like platinum group metals from the asteroids people will live in space will do pharmaceutical research will develop new drugs space will become part of our economic sphere of influence

but tourism is a fantastic catalyst for that the i a sense at the moment being the only platform capable of holding people in orbit is a working scientific platform are you planning perhaps to try and make space tourist useful that first of all space tourism honestly is not a great word for what these people do when they participate as private citizens going to the space station every single one of them who's flown with space adventures to the space station has had an in-depth scientific program whether it was material science or biological experiments or whatever it was they have participated they have paid their own way of course they have used themselves as part of the scientific community that many of them have gone to space with less than perfect health and have been great examples of how for example laser surgery on your eyes as affected by space flight they all want to participate in this they

are participating and the fact of the matter is quite honestly when private citizens go to the space station a lot more people hear about the space station than otherwise it's just one of those things that they captures the public's attention part of nasa is mission is to encourage to the maximum extent possible the. use of space and in fact showing that there is a market showing that there are people willing to do this and showing that you don't have to be a career military fighter pilot the right stuff kind of person that plays a huge role and i think that's exactly the sort of thing that ends up helping the space agencies of the world as well ok we'll get to the to the other economic areas the best of mining in that a while but the moment we have just seen the dragon spacecraft go up to take supplies to the isis that was a significant moment. however it was it was a small part of what is otherwise a vost state and surprise and without state capital it seems that at the moment no

private and device could could exist you can point to companies like space x. space x. has a contract for services to deliver cargo to the space station but the capital that it was started with has come from its founder. and so this is an inflection point this was not always the case you were absolutely correct the for the first thirty years of space it's all been controlled by the government but we're reaching a point now in fact i think the flipping point was in the mid ninety's when private commercial expenditures in space finally exceeded government and that was of course driven by the satellite telecommunications market and things like that no one would argue that those are successful businesses but we're reaching a point where commercial enterprise is creating its own space program and it will stand on its own it has been well noted that in the past year and a half there have been a number of worrying mistakes with russian space programs a supply rocket up the isis fell back to worth

a mission to one of the martian moons never got out of orbit and its course in high profile resignations and will likely lead to a lot of restructuring in the russian space agency serious concerns. is this technology that's going to take people up that good enough the fact of the matter is that despite recent heck ups that may have occurred on different types of launch vehicles the soyuz spacecraft and rocket have the best safety record the best history of being a proven technology for reliably taking people to and from space in human history there is no other vehicle that comes close nasa uses this vehicle itself to get to space so while there is always room for improvement and while i'm sure and highly confident that the russian space industry is is going to great lengths to to to make sure those things don't happen again spaceflight is inherently and they are an activity that is risky and so the risk is managed but it's never going to be

perfect at the end of the day i think there's not many people in the world who would want to go to space who wouldn't feel comfortable flying on the soyuz the key technological breakthrough that we need is rapid and cost effective reusability like flying in an airplane when you land at moscow airport or you landed new york airport they can turn the plane around in a couple of hours and leave actually less than that this is the problem what you're saying to me immediately i think opus shuttle there is no shuttle you can't reuse soyuz we're going the wrong way. so the shuttle was a vehicle that was incredibly high performing it was an amazing feat of human engineering but it really wasn't reusable i like to call it rebuild a bowl certainly parts of it were rebuilding all certainly some of it was reusable but there was an incredible number of man hours that had to go into certifying that vehicle for re flight every time it ended up being far more expensive and far less

reliable in terms of its reusability that's why i use the word rapidly reusable so the shuttle was not a great example of that however many of the vehicles that are being built now including for example the falcon and the dragon by space x. are designed and the c s t one hundred by boeing to be reusable ten times one hundred times a thousand times and those kinds of advances will be the ones and it's going to take time that will yield those price decreases that will eventually enable millions of people to go to space every year there is one of the costs that perhaps hasn't been looked at enough at the moment there's already a lot of criticism leveled at people flying all over the world for the holidays about emissions about pollution. that not many rockets launched from a moment but they certainly aren't environmentally friendly the ones they launch if that program is going to be expanded one earth could be the environmental costs of

such space tourism. so when we calculated the carbon emissions of a soyuz launch it ended up being something like a fraction of a transatlantic air flight so it's actually not as much as you think the fuel on the space shuttle was liquid hydrogen and liquid oxygen and the exhaust was water so these are not the kinds of things that are really going to affect our carbon emissions and our environment as a whole even when we get to the point that there are literally tens of thousands of launches per year it's a drop in the bucket compared to all the other forms of emissions and pollution or i'm sure that's an issue that will will take shape in time we'll see how that one puns out the tourism isn't the only idea that you've got on the on the books as it were you also mentioned earlier mining asteroids and this seems like a lot more sort of hard nosed commercial idea just trying to paint a little picture for us

a lot of people can't really envision envisage this perhaps from pictures from animations that seem perhaps that there are you know asteroid belts but i don't think there are any asteroids that close to earth because that's the kind of thing that people get scared about of from destroying earth so what kind of distances are we talking about how is this actually with this actually look a fully running asteroid mining operation and wonderful question so in the solar system we have literally hundreds of millions of asteroids the vast majority of those asteroids lie in the asteroid belt the asteroid belt is between mars and jupiter one hundred million miles away or more however there is a small but not insignificant population of what's called near earth asteroids anywhere between ten and. eight percent of the material on them are what we call volatiles what that means is most of it's water water ice and water is great because when you break down water into its constituent parts you get hydrogen and oxygen not coincidentally of the same fuel the space shuttle used to go to and to

and from orbit and so we first want to use the asteroids to build propellant depots in space that is gas stations we want to be able to reduce the cost of space exploration by allowing spacecraft and space ships to feel up no matter where they go and by doing that we will enable a space economy for all different kinds of businesses this is the second half of the equation of how to reduce the cost of space travel once we have the capability of propellant depots in space moving asteroids around becomes much easier and then we can go to the more valuable materials the higher cost per ounce materials for example the platinum group metals now fifteen fifteen hundred dollars an ounce on average you have platinum palladium rhodium osmium iridium and the asteroids are chock full of these materials they appear in concentrations orders of magnitude better than the best platinum mines on earth in the asteroids and start to seem

like a skeptic but i think i'm not alone in the image of of us sending out teams to try and move asteroids to try and land on them really starting to see the realms of science fiction i mean they managed to recently land on mars but that's really the very limits of the moment of our capabilities is this really a serious proposition how on earth would you go about doing something so let me be the first to admit there is a long list of technical challenges and it's going to be very hard this is something that we don't know all the answers yet but we do know is that there is no laws of physics that prevented that these are pieces of rock out there that for example something the size of the international space. station could be worth two hundred billion dollars and so where there's a pot of gold at the end of that rainbow there will be a way people thirty years ago thought drilling a hole down into the bottom of the ocean and pulling fossil fuels under the north

sea was impossible and now that's what we do as a matter of daily practice well we will have to see whether that does indeed transpire big promises. certainly big ambitions and big achievements as well whether there will be a future for space tourism and indeed space mining is down to people like eric and it's i'm trying to thank you very much for joining us thank you it's been a real pleasure. to speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks of the ip interviews intriguing story for you here. in troy arabic to

find out more visit our big. dog called. the world with. its technology innovation all these developments from around russia we've got the future of coverage. divine power in action activate the shock runs. i am and she says we need these we are under the control of those governing us before at the service of a space mafia i found that they the magnetic field of the sun will be for us

to create the super got the stuff. after the second coming it will be a beautiful place it will receive its glory it will be a renewed world and it will be a beautiful place. full of the best. the stuff the stuff ammunition. is good business for us it's kind of like being a doctor you know if there's a disaster businesses. better unfortunately. more news today violence is once again flared up. these are the images the world

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