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tv   [untitled]    March 28, 2013 2:30pm-3:00pm EDT

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in modern militaries and there are already u.s. military medals for things that don't involve people shooting at you the antarctic a service medals given by the department of defense for sort of between fifteen and thirty consecutive days in antarctica although the cold down there is potentially deadly no penguins are going to storm the base with kalashnikovs the homeland security distinguished service medal has also never been issued to anywhere on the battlefield because thankfully for america there haven't been any invading armies in the homeland so is there precedent for a medal like cyber warfare medals i mean yes just there is but when you think about it giving someone a medal for using a mouse to blow up blips on a monitor really seems to devalue the medals of the guys who are brave enough to storm the beaches of d.-day or slog through disease and snake filled swamps and vietnam so maybe for the sake of the prestige of the of their medals let's just let the cybersecurity one go but that's just my opinion.
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that well can do business with me casey poveda says they hit most of the saving life its banks today but with tough capital controls three hundred euros is a daily limit. bank so if over the last thirteen days bills have been left paid they might just have to stay that way for the time being anyway and if you have a paycheck but you won't see paying well you can't because checks all the bit for those who often holiday a thousand yards isn't it to take away with you so you might want to go easy on the ice creams while you're away five thousand. as is the credit card limit so if you
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run your own business and you need to pay wages for example your wrists tricked it but fear not the cypriot finance minister has insisted that the capital controls will probably last a matter of weeks but there is a sense of deja vu going on if we consider iceland let's rewind to november two thousand and eight we first called for to fall victim to the financial crisis likely cyprus banking restrictions were seen as a way of limiting destruction three months was believed to be the maximum time these limitations would exist for five years after a banking meltdown the north atlantic island has just extended its own controls in may so cyprus could be on a three hundred euro bonds hit for quite some time so for more analysis on this we're going to get the opinion of patrick young co-author of the gathering storm to get some more insight into this for us so hello to you patrick so please
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just presume pacha these restrictions do come off. what's going to happen where's the money going to go if not cyprus oh well i mean the problem is actually i don't think the restrictions can come off because there's going to be a giant sucking sound as all the money disappears from cyprus i mean there are all of these oligarchical private jets and corporate private jets sitting in nicosia airport peacefully hoping that they're going to manage to get their money and that in some way shape or form where does the money going to go well it's going to go to all manner of other havens and i would suggest most of them are going to be outside the european union first or probably the closest place you want to go somewhere like dubai or one of the other emirates they've got a quite reasonable banking system financial center pushing very very hard to try and improve and of course if you want to go further east one of the spots i think a lot of money will end up is singapore they've got a very client focused oriented good sign government strong with finances they do all the sorts of things that you're supposed to do but doesn't so what about shadow banking then because this is going to become a real issue
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a real concern because since two thousand and eight a third of all banking transactions have been put down to the so-called shadow banking think that's going to increase in terms of sight first you think it's going to become more of a problem now. well i actually would disagree with you on that word problem banking is going to increase is shadow banking actually a catastrophic horrible thing for humankind whether it is if you're a banker you see that's the total problem and the difficulty we're going to remember is that we're still has been through banker propaganda that says only bankers are safe to handle your money well look at a complete nutter screw up they've made of the last decade ultimately that's the difficulty we're going to see alternatives to conventional bankrupt useless incompetent and indeed banks with a total democratic deficit or any degree of accountability is going to be a problem they are going to lose a huge amount of power what we're going to see actually is a great deal more rising up of things like the internet here to piers systems are going to be used a great deal more you're going to see this thing called peer to peer lending which
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is the ultimate nightmare of bankers it's a system which actually much more efficiently allocates capital between borrowers and lenders allows people to go about their business and it doesn't require bankers in the middle making profits to then lose on all sorts of proprietary trades so what about italy and spain then what about contagion is that where everyone should be concerning themselves at the moment. well there are lots of things to concern yourself with and clearly one of the issues at the moment relates to italy and spain because they've both got incredibly large problems of fiscal nature and they're going to find it very difficult to manage to find their way out of the crisis and i think that they must be amongst the countries who look very on easily the marks by mr di mr jessel and the head of the euro group who said that ultimately savers are going to be in line to lose all of their savings the next round of bailouts that's a catastrophe basically we're in a situation whereby anybody who's got money in a bank must be worried about where it's sitting because it could be confiscated at any point in time by what amount to little more than bureaucratic euro things so is
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there a problem yes of course there is because italy and spain are only at the point in time one further away from managing to sell their government debt and if they don't do it the. going to be a catastrophe and of course as we know i mean the spanish government is well actually in competent government well that isn't even entirely worth talking about they're still trying to sort something conclusive lection ok but do you think that cyprus is still better off in the eurozone on ars no ok let's talk about russia then what about that may putin the president here has said that he wants to curb capital outflow is eventually going to lead to that do you think money will return to russia. well i think what mr putin has been doing over the course of the last few years and mr medvedev as well before him is very important because it doesn't get reported bit of point fifty million dollars a year or more being spent on making moscow an international financial center it
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involves very very strong rule of law but it involves a whole new system an organization we've seen a successful i.p.o. moskowitz in which is a world class facility just to the course of the last of their for actually the reasons that there were capital flows from russia in the first place are starting to disappear because remember why did all this money leave when it left in ninety three you four because that was the point in time where people were terrified that actually we were going to see that i'm going to come back into power in russia of course don't forget that i mean mr yeltsin just managed to get in by the skin of his teeth after an incredible oligarch led campaign where he'd only had six percent of the vote before the company started and ultimately he got reelected that's why lots of money started to lose and what russia build there and therefore be a slowing down of the outflows from russia well i don't think so because we're seeing origin two national organizations coming in to stuff up within the financial center it's basically state of the art rule of law or a sort of anglo-saxon western system that's all got to be good for russia and
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therefore what mr putin is actually saying is if he's a type thing the benefits of the moscow financial center because let's face it you're not putting your money in the euro zone at the moment it may well be better to be in moscow and take a path that young thank you very much indeed for your time today always a huge pleasure we're going to stay russophone on talk about the ruble at stakes its fall into its lowest level in four months on the back of the cyprus story and also currency has been dipped see thirty one roubles to the greenback at one point this week as investors quit risky assets and part their class in dollars however the chief economist at the t.v. capital says the ruble was still the best performing currency among amazing markets in the first quarter. so the effect of the cyprus story will be rather limited because the very compact will be a small and i believe that there will be no contagion of the separate story in the global. global markets to the extent that it's me if the impact of the russian
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story for the year year is because we might hear some mild depreciation of the ruble but i was same time the relief because she was very very interest rates so if you're compare the performance of a currency drafted for the people from different interest rates you know bill will be performing better for example years dollars despite of the normal change rate might depreciate we're going to have a look at the russian ruble now and you'll be able to see how it performed in the does a session there you've got it just so both the u.s. dollar and the common cards actually day and to the russian current say. is that she will say the trading week for most european stock markets which actually managed to climb all of the data showed that german retail sales unexpectedly rise in february how we do offset worries about the eurozone crisis which has been riding high with concerns over cyprus of course man slightly better than expected consumer confidence data you tell you how it's investors are go after the easter break with the day this a u.s.
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traders will also be packing out that buys and heading home for some eggs with the s. and p. five hundred three chips historical barriers to mark a new all time record high in yet another show of force fact is it shows the bulls have got podium all fired to them but it was an all girl right because the number of people applying for a new job or spend if it rose more than expected. russian market is that both the r.t.s. on the my sigs ended the day with positive gave all slightly decreasing after the publication of u.s. crude oil reserves and in the corporate news sector gas from lost more than two percent after revealing a thirty seven percent decrease in net income according to russian accounting standards. all right aviv act in less than two hours time with more business a come back and join me then if you can in the meantime stay with r.t. plenty more news here.
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wealthy british style. markets why not. come to find out what's really happening to the global economy with monks cause or for a no holds barred look at the global financial headlines tune into kinds or report on it when their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't
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like to work just to bed longer. is the dream of millions of migrants that their children might choose their own motherland. i want my children to win over moscow. russia has become this step motherland. migrants working hard to find a way home. continues
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here on the line from moscow and more accusations of mistreatment are being held at the guantanamo bay detention facility the inmates who are fusing food of a harsh conditions claim personnel that are now depriving them of drinking water and i keeping temperatures inside the camp near freezing point as a spy fiza hunger protests could soon lead to fatalities. u.s. air force lieutenant colonel barry wing god he's a military lawyer is at the guantanamo facility right now and he told us about his own client's plight. i've never seen anything turkey in almost five years coming one kind of. speech more than fifty times i mean we talk about you know you forget
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whole. part of poker playing this week he went from one forty seven down to one hundred seven i mean he was only one third of the body weight and he continued. i can you know it behind you on whether or not he prepared to die but i can tell you that after eleven years of the region can charge an opportunity to defend himself it's a very low point here and one out of the. movie the way he performed think about hundred sixty six individuals out here in the cleared individual. no way and in the process of getting released from here but i think that you know when you're on hundred. only cleared not cleared from one country we support. the arabian. the people of all of that mean that they're there. if it turns out that people begin to die here that they don't want to make a difference but i can tell that it doesn't come to that people. are
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not we've been robbed probably we were told if we get military commissions well you know and we don't even have to try to let alone an opportunity to get him out i represent him only because the former. minister has been willing to give him a trial or at least try what. he had charge for me to go to try to keep hold of apartment complete complete straight up an extension of the concept and then will. for the rest of their lives without ever having an opportunity to defend now when a leader of a country come to an indefinite detention will be applied to guantanamo bay well that's when you got. the worsening situation at the guantanamo bay prison is drawing closer attention from the red cross which brought forth a planned visit of some of its staff the military claims more than thirty people
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are taking part in the hunger strike while lawyers say this figure is many times higher talking to bodies spokesman for the international committee of the red cross in north america simon shore no said poor legal regulation is to blame for the inmate suffering from our observations we are those tensions and and this anguish that knees are experiencing is clearly related to the lack of a clear legal framework in guantanamo and this is now a real impact and as. it is for some time on their mental health on their emotional for us would be the issue beyond just what you know we are seeing right now going on to animal is this issues that lawyers are talking about the issue of the legal framework that that regiments the detention at guantanamo and this is the issue that administration must address and the white house has broken his silence and issued his first comments on the strike which has been ongoing for around seven weeks now its spokesman said the u.s. government is keeping a close eye on the situation and remains committed to closing the facility but
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obama as a former assistant secretary of state for public affairs p.j. crowley told r.t. that the president is effectively powerless to act. having worked for president obama i thought that president obama had the right policy approach when he came into office in two thousand and nine to close guantanamo within one year however as the president had had signed an executive order congress has prevented him from doing that there was a secondary effort through the state department for those. detainees who were judged too long to no longer pose a threat or had been mistakenly brought to judge quantum in the first place to transport those back to home countries third countries and that has simply had tried that over time made the challenge smaller unfortunately the state department has been forced because of funding issues to close that office down congress that has basically frozen you know the situation in place the president is right now
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unable to move forward check out all to come to find out how the hunger crisis at guantanamo has been developing day by day and what reactions it has sparked we've got a full time line there for you right now to come. a bank spending four continents and a massive crisis fund both got the green light at the summit of the world's fastest emerging economies in south africa collectively dubbed the brics the group includes brazil russia india china and south africa the new financial institutions are to challenge the domination of the i.m.f. the international monetary fund and the world bank which some say are committed to maintaining the status quo and contribute to afshin rattansi believes that they're very inception is already causing worry for some. the i.m.f. and world bank for decades have acted as bad cop good cop as it were we mustn't forget how historic day which is being said the potential for this is
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in fit for decades the world bank would offer money to developing nations and the i.m.f. would threaten those nations we just have to speak to what our modern or a argentinian or an african to know how the world bank operated for so many decades and killed so many millions tens of millions of people losing their policies in giving aid only dependent on their particular brand of washington consensus according to people like former i.m.f. when you wrote i think the book is there was a real economic but the fact that right wing people like david frum in foreign policy can be so quick to do bricks the axis of asymmetry shows how behind the times people in washington really are actually returned to their russia's black sea fleet is dusted down its water wings with the launch today of major navy drills more than seven thousand troops battleships and hundreds of armored vehicles have
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been mobilized apparently follows a twilight call to action from president putin with the order personally delivered to the slumbering defense minister at four am the president has said have made that decision on route from the brics summit in south africa last month moscow held its first unshared minute treatment it was in two decades involving the special forces fighter jets and dozens of helicopters. when it's now just a couple of hours before the soyuz spacecraft fires up its thrusters and blasts off on a record breaking mission to russians and an american will be on board what's planned to be the fastest ever flight to the international space station or is under farmer looks at what the cosmonauts have been doing to prepare for the big trip and just how they're going to get to the i assess so quickly. what will be in a story mission the iconic soyuz rocket will set another record from baikonur this week taking three crew to the international space station in the fastest time ever
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it was slashed the journey from two days to just six hours and one achieve it by a whizzing just four times instead of thirty before docking that after cosmonauts decided they needed less time to adjust to weightlessness. one of the bandages will be to reduce weightlessness you can operate quite normally if you're weightless in the first few hours another advantage is that you can take biological experience to the station very quickly also it means we can bring ice cream to the space station before it melts the russian in good spirits is he behind glass and in quarantine at the crew's last press conference but they also admit the new express route will bring extra challenges less laps of the earth means less room for error the rocket must take off just as the space station passes overhead within ten minutes the soyuz will begin its first orbit and we're five boosters to catch up and dock with the i assess a few hours later this workhorse of
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a spacecraft is ready for yet another loan from the step of kazakstan and when it does dock with the space station each tree will begin one hundred sixty eight days in orbit now there is nothing particularly new for the experience publishing to get out of or chris cassidy they have been on previous missions and so know all about the hectic shadow of scientific experiments and space walks but it is new territory for alexander will be making his debut in space what can i expect of the most exciting journey not just in my life but the life of any individual it is difficult to put into words i hope the excitement will remain to root for six months of the voyage and the hard work will not prevent me from feeling the thrill of such an epic adventure despite the thrill there are obvious dangers and the crew have prepared. to every eventuality simulating a crash landing in a forest for three days was part of their training but there's also a monday inside to being a spaceman on
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a six month mission they also have down time and need place to fairly current i assess commander chris hadfield took that to a new level by releasing a single in space last month although that's not something this next mission is likely to repeat fortunately all the musical talent left earth in december i always sing in the shower we don't have a shower it was. good humor and a photo call ending months of preparation for a mission that aims to beat any fast track to the stars and open up a new highway to the international space station andrey farmer for r.t. kazakstan. well the historic launch is coming in about two hours from now and we'll be bringing you more on that and of course live coverage. all that to bring it up to date for the moment we've got more news coming your way in about half an hour from
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now in fact a seven minutes from now not such a long break as i thought seven months from now here on r.t. stay with us we're live in moscow. play missions free could you take should be free transport charges free. range means free risk free studio time priests. download free broadcast quality video for your media projects a free media don the r t v dot com. plane to. join thousands of gadget gurus plugged into the mobile world congress in barcelona where research and handset makers try to get their groove back. and software super chargers hope to spin previous successes forward
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their own country can't offer them a living even loving mothers sometimes have to leave their children behind. i don't like to wonder just depends longa. is the dream of millions of migrants the children might choose their own motherland. i want my children to win over moscow. russia has become this step motherland. migrants working hard to find a way home. download the official publication yourself choose your language stream quality and enjoy your favorite. if you're away from your television or it just doesn't work so how would your mobile device if you could watch on t.v. any time.

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