Skip to main content

tv   [untitled]    February 10, 2013 7:30am-7:59am EST

7:30 am
a huge health care abuse scandal erupted in the u.k. this week a public inquiry revealed how hundreds of patients suffer the ns of health workers tasked with looking after them but its prime minister david cameron officially apologized for the suffering caused but the issue only looks like growing well
7:31 am
she's probably going to reports from stanford hospital. my wife started hospital in september two thousand and eight it was just a disaster to a total chaos when you walk through the door of the world if you smell a. crime no staff available to find a nurse who was left at a ridge. or in two months new shoes on the floor we've been there since breakfast on. the. line in a row for you see. medication wasn't given to. the death of john's wife is just one of the many horror stories to match from the now notorious stafford hospital before that sandy would have been described to me not just in. song. in the most horrible sense seems. to. be she'd have to go through what she went through
7:32 am
julie baby's mother died at stafford in what she calls appalling circumstances but when she blew the whistle on the hospital's practice says she was faced with a cover up all the evidence was there that the hospital mid staffs was failing and yet the that was never shared with the public and i believe the same as in all the hospitals it's so much that a string of senior officials failed to take seriously data which showed the hospital significantly higher than average death rates relatives of over a thousand people never got to see them discharged from the hospital patients died needlessly off the suffering a catalogue of neglect left in their own excrement dehydrated and without painkillers it's the biggest scandal to hit the national health service in recent years but with budgets being slashed and red tape preoccupying hospital manages a person's health secretary is warning that there are little bits of stuff that
7:33 am
dotted all across the u.k.'s health system the results of the public inquiry. the hospital's failings are expected to issue a damning verdict on the way the whole of the n.h.s. functions it's got to be made so tamara because people can't continue to suffer the hospital's chief executive has said we're sorry that despite the progress that has been made there are still some instances of care which fall below that which we want to provide sorry might be too late but the tide of public anger swelling campaigners say it's time for westminster to overhaul britain's beleaguered health service before any more lives and needlessly lost polly boyko r t stafford online today bush hacked her access to the private life of the fall of president and i could gets access to the email accounts of the bush family publishing some photos online read more about that at r.t. dot com plus. moscow's self-styled devil has been hunted
7:34 am
down by police following two years of posting his reckless driving in the capital on the web online he was eventually apprehended. the syrian capital damascus this weeks or some of the heaviest fighting in months as rebels advanced on government strongholds latest battles were over control of a key highway leading north korea cut off by opposition forces and also seize several army checkpoints moving to within a mile of the heart of the capital rebels saying they are preparing for a decisive assault on damascus a satisfactory result is unlikely to push succeeds in topping the president into the highway from syria tribune news website oh this is just i mean it's just like. mine and the father will be nicer ones different than it is now and it's not really have if he cannot actually and we try even when the you know it's listed.
7:35 am
that's it on its black list the with not. defending it because they know they can accomplish the coalition will only be able to do what its founder and main financing. entity will ask them to do and if they don't do it and they will lose this financing to support so they have to do this and simply have they don't know how to hold and they cannot because they are not united and they don't have the same view was so it's a big mess and yet the west would like to see this big mess filling the country. the new federal agency lie detector policy is being discussed by president obama's administration that's in the wake of allegations that authorities have extended their legal limits during the screening of thousands of job applicants and employees well he's miniport know it took a closer look at whether personal information is that crucial for america's national security. for more than three decades john sullivan worked as
7:36 am
a polygraph examiner for america's central intelligence agency today the retired cia employee is offering some strong opinions about the nation's lie detector policy too many honest people are too many people who should be passing their tests aren't and there's no there's no accountability for that. last year more than seventy three thousand americans were reportedly required to undergo polygraph tests in order to get or keep jobs with the federal government according to an investigation by mcclatchy newspapers a growing number of u.s. agencies are asking employees and applicants intimate questions that extend way beyond the realm of national security probing matters such as sexual conduct financial matters and past personal relationships a woman was pressured to talk about her experience being molested as
7:37 am
a child and when the polar bear for said that he refused to go on with the interrogation he alleges that he was pressured to go back and continue interrogating our scientists found that polygraphs aren't reliable enough to prevent innocent people from failing and deceptive candidates from passing i think it's important to understand that the polygraph is not just. for screening it's an interrogation tool lisa ribicoff is an independent polygraph examiner and investigator who uses the polygraph program designed by homeland security she contends the. it's ninety eight percent accurate i do think that there are some questions pertaining to some emotional aspects and personal situations should not be included but i do understand why they're included on the basis of that the government needs to see how exactly what their breaking point is however applicants who are denied a coveted position after failing a polygraph are prohibited from accessing the records of their interrogation and
7:38 am
are often barred from contesting the results were filing complaints in federal court in two thousand and four the cia veteran who conducted lie detector interrogations for thirty one years failed his own screening there was absolutely no question in my mind the the test was right you know it's this was a terrible test sullivan lost his security clearance and was denied a job with a federal contracting agency he claims his examiner falsified the results possible retribution for cell phones book detailing america's polygraph system the obama administration is now promising to draft a new national polygraph policy that would prevent agencies from pushing legal or ethical boundaries during screenings but at the moment the program has no oversight or accountability meaning tens of thousands of u.s. citizens will continue getting personally probes in the name of national security bring up or not our team new york. but next off a short break on to set piece of
7:39 am
a not so speaks to the cough and economics professor at boston university about the roots and the repercussions of the global financial crisis stay with us. secretary of state hillary clinton recently testified to congress in regards to the attack on the us consulate was killed an american ambassador in benghazi libya during the testimony couldn't rather calmly said you know things like that the revolutions that sprang up during the arab spring like in libya where the events in bali have created instability and safe havens for terrorists and she made it clear that there is no doubt that the algerian terrorists had weapons from libya so the us secretary has basically admitted that the actions of the usa and nato have caused a mass instability that has allowed the seeds of terrorism to grow when the justification
7:40 am
for most of the actions in the muslim world is to stop evil dictators who harbor terrorists or spread chatting to mock recy if libya would have been left alone algerian terrorists wouldn't be getting any weapons from it now this is like an exterminator accidently or maybe on purpose actually feeding the roaches in your basements that there are ten times more of them and then saying that he has to keep working because he's the only one who can get rid of the roaches people like hillary clinton who support funding brutal jihad it's rebel groups to overthrow governments to somehow bring about stability and democracy are either dismally stupid or consciously running a very brutal con game but that's just my opinion. speak your language. programs and documentaries in arabic in school
7:41 am
here all my. reporting for the world talks about fifty i p interviews intriguing story are you. trying arabic. to find out more visit our big. science technology innovation all the latest developments from around russia we've got the future of coverage. laurence kotlikoff economics professor at boston university it's a pleasure to have you with us today it's great to be with you and great to be in russia so you're the one who states that america is broke and is even in
7:42 am
a worse state that greece and ireland how so what exactly do you mean by that well we have condiments look at all the bills the government has to pay and and in the us case we have enormous bills that have been kept off the books that are not official debts but they're very real for example paying me my social security benefits my old age pension that's a real obligation. it's not part of official government debt. but it's you know very important because there are seventy eight million baby boomers who are going to get these social security payments. and in addition medical payments from the government if you look at all those payments they're about three trillion dollars a year so we have these huge bills nobody has thought about paying for them and congress and the presidents over the years of just focused on official debt and
7:43 am
basically told the public about these big bills he said the amount of the fiscal back gas in the united states is in your estimation two hundred twenty two trillion dollars two hundred twenty two trillion and this is like an astonishing number it's like three times the world's g.d.p. this is this is more than what the world makes twenty times higher than the official debt in the hands of the public which is eleven trillion so if you had all these spending obligations into the distant future and you compare them with all the time. and you include in the spending all the interest payments and principal payments on the debt and the official that you have two hundred twenty two trillion in present value now this is twelve percent of g.d.p. on an ongoing basis in other words we need to get twelve percent more of g.d.p. . either in tax increases or spending cuts in order to have the fiscal gap the zero we're doing far too little too late it's. like
7:44 am
operating on a person with cancer and you say well there's a big tumor here we're just going to take a little bit out today and we'll come back and in five years and we'll take some more but maybe in five years the patient is dead because of the term got bigger so this is why we are in worse shape than greece and greece it's about ten percent of g.d.p. . they need on an ongoing basis we need twelve percent it only it's about five percent germany it's about five percent so when you look at it from this perspective. it's a whole different story than when you look just at the official debt because these governments are making choices word choices about what to call official obligations or what to call unofficial so are they intentionally hiding they are intentionally private on this they have been spending in our country six decades running
7:45 am
a massive ponzi scheme taking from young people giving to old people and then telling the young people don't worry you'll get yours when you're old promising pensions promising healthcare benefits and you know this is happening in all countries even russia has a pension system but it doesn't seem to be in as bad as shape as ours in terms of paying for its benefits in the future but i mean this number two hundred twenty two trillion i mean who. what exactly is this where is this money going who is spending it i mean certainly not the average american what is like the one percent of the super rich or the military what is where's it going where's all the spending. well you have again very big you've got a lot of people now they're getting very high benefits about thirty thousand dollars per person it's scheduled to go up to about forty thousand when i retire.
7:46 am
which will be about fifteen years. so you can see that. we're just very generous to the old people in our country what do you suggest like cut spending raise taxes that will be suicidal to any american president well we have to be adults of running the country we have to act like adults because i mean responsibility as adults is to make sure our kids have a good future so we have to reduce the growth rate of the benefits to the elderly. and that requires. cutting the growth you know being much more careful about how much we spend on health care because this health care benefits have been growing at twice the growth rate of per capita g.d.p. for forty years. these are the government health care benefits for the so it can't continue because it's going to kill the country so we have a huge problem it's being hidden it's not being described and discussed disclosed
7:47 am
and we're in very bad shape you just mentioned that you need to take care of the future generations clash of generations is the term you use to describe what future awaits for american children paying up the deaths of their fathers but the united states when you look at it really has lived on death ever since world war two and increasingly so in the past thirty years and they have somehow managed to collapse you know and. they have no problem getting new debts why do you think that the new generation won't be able to. well. over time the official debt will become bigger and bigger as this year of g.d.p. and at some point the chinese and other people will stop lending us money and our interest rates will go up dramatically we'll have a bond market collapse and at that point. the deficit will get even bigger
7:48 am
the debt the official debt will accumulate even more rapidly and our government is also printing a lot of money to pay for these bills so inflation can also take off very quickly so i see the problems and they may not be in thirty years they may be in five years or two years that the chinese and other people start to understand how bad the situation is and then we'll be in the situation of greece where people won't lend us money. and then we will have to make big cuts and everybody will be injured. so you mention china and i know that china and japan are they top the list of america's lenders. or one trillion us staff should they just get used to the idea they're not getting their money back i mean they can't just come out and say hey i want part of the american g.d.p. . well if i were anybody whether i was chinese or japanese or russian i would not be buying thirty year us government treasury bonds that are yielding
7:49 am
three and a half percent or something right now because the prospects for us to print we have printed so much money since two thousand and seven it's really unbelievable we have the federal reserve has tripled what's called the base money the money that basic money supply it's called the monetary base it's actually gone from about eight hundred billion dollars to about three trillion dollars now and so. almost more than tripled so we have a basis in plays. for a more than tripling of the price level right now we have created the the foundation for hyperinflation already and the baby boomers have yet to retire. so right now twelve percent of all the federal spending is based is being financed paid for by just printing new dollars. that's what's going on so we're acting very
7:50 am
much like a developing country in terms of our actual finances and i've been. concerned about this in writing about it and speaking about it for since the late eighty's but another economists have as well and paul and also some politicians but it's getting worse it's not like anybody is actually. looking carefully at these numbers the politicians are looking at the official dead numbers and not really discussing the magnitude of what's coming a lot of people who think like you who are critical of the current american financial system have come out in the street and they occupy wall street movement and they've voiced their concerns and their protests do you think a movement like this is actually capable or able to solve real issues or is it just a red herring well occupy wall street was concerned about inequality and they were concerned about what wall street was actually doing and i think we need to
7:51 am
gradually change our financial system because we have two big problems and this is true in every country including russia. the traditional banking system the model is one of very high leverage banks more a lot of money promise to repay and then there's opacity they may take the money and they do something with it but they don't tell you what they're doing with it so people get very concerned at some points about whether the banks actually can repay and then you can have runs on the bank just over night. so it's a very unstable situation when you promise people things and then you don't show what you're doing with their money and then and that's what happened in lehman brothers and vera stearns and. merrill lynch and all these companies that one on one under one after the other everybody started worrying because they couldn't see the assets so what we need to do is. get rid of this faith
7:52 am
based banking we need to have. no leverage and we have to have transparency the government has to disclose what the assets are the government has to do verification and disclosure we should have a government agency verify that somebody has mortgage is actually. a reasonable mortgage that that person has a job that person has an income that person's house which is collateral to the mortgage actually has this value so we should not have any liar loans and then we should also have all the. banks be become what are called mutual funds which gesture sell shares. to these funds so that they've taken all the money on an equity basis they don't borrow money they just sell shares of stock the money comes in and then they buy these disclosed assets the mortgages for example and then if you have equity based finance and if the mortgages don't work out somebody
7:53 am
doesn't repay the shareholders take a loss but the financial intermediary which is a mutual fund never fails it never goes bankrupt so you have a banking system that can never fail if it's made out of equity financed mutual funds who are buying transparent fully disclosed assets that's what we need. and that's where they know the protesters are wall street didn't know what they wanted but this is really what they need what they want to do. what we need is also protesters among the young about their fiscal treatment that's a different thing that's the thing that fiscal gaffe the fiscal cliff sorry cliff and the possibility of america defaulting that we hear a lot around it's symptomatic agony or is it maybe artificial political crisis here young people don't fully understand how bad they're being treated in the in the
7:54 am
debates in the entire campaign not a single not one of these two candidates talked about the magnitude of the problem president obama said that our search and security system our basic government pension system has a small problem that needs to be tweaked is what he said well if you actually look at the the system at the trustees report the thing is thirty one percent under financed so it's not a small problem according even to the actuary it's a huge problem. so you know he's on a different planet from the reality. romney. felt that we could just lower taxes and get more revenue so he was equally. you know crazy on this. and unfortunately we have children whose futures are at stake here and they're also under a lot of pressure on in other ways because they're competing with
7:55 am
a lot of people all over the world and they're also competing with these new start smart machines that are taking people's jobs away. so in our country when you go to a grocery store or a drug store. the checkout person is a machine. there's nobody working there it's just a machine these days there's actually maybe one person to help you use the machine . and so that's replaced lots of jobs so we have young people. who are are having trouble finding jobs even college graduates are having trouble laurence kotlikoff thank you very much for a very interesting insight you give us on the ongoing financial crisis and it's great to be with us again my pleasure thank you.
7:56 am
juggling. do hack work and get caught when lobbyists money and lawmakers are combined together that's where the problem of corruption comes from. i don't know the document's. keep up a smart look. there is also. another world behind which is how to influence the institutions steer clear of provocations don't answer any question. came to the office
7:57 am
and found banners hanging around the office and lots of strange faces around the lights and what was happening will somebody please tell me what's going on and they said oh we've come to occupy your building. possibly they want to do a confrontation possibly they wanted me to ring up the police have the police come in through the mouth. it didn't seem to be a good idea to learn the european way with brussels business. kristie it's one person one fault but in brussels baseness it's one euro one fault. if. he. if he comes. to.
7:58 am
see. that she could leverage or a chill mukherjee was able to build a new most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and world this is why you should care only on the dog. we speak your language or not at the. news programs and documentaries and spanish more matters to you breaking news a little tonnage of angola's kid stories. you hear see destroy all teach spanish find out more visit i.
7:59 am
told it hold it. hold it hold it hold it hold it hold it hold it hold the oral law held hostage. that that speech comes. her. we're. just so.

27 Views

info Stream Only

Uploaded by TV Archive on