tv Headline News RT May 9, 2013 4:00pm-4:31pm EDT
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we brought you for your media project c.e.o. don carty dot com. suited to clash with police as they march to change the nation's education system they demand the elimination of school fees and for profit universities while voicing concerns over a growing college debt sights and sounds of the protest coming your way plus wash a look at the cost of education here in the u.s. as well as around the globe. a private university is actually a private industry is thinking about shooting for the stars from trips to the international space station to putting people on mars the future of space travel is increasingly becoming a private business venture will take a look at efforts to make big bucks in the final frontier with the sequester causing cuts on the u.s.
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government spending one can't help but wonder if the same is going to be true for foreign aid especially military aid for israel for things like the iron dome system a look at the dollar and cents of supporting israel coming up. it's thursday may ninth four pm in washington d.c. and i'm maggie lopez and you are watching our t.v. starting off this hour tens of thousands of student activists flooded the streets of chile yesterday to protest the education system there between thirty seven and eighty thousand students gathered in santiago. concepcion and demanded more affordable education and higher education that is now just recently the chilean government changed the criteria for students to receive federal financial aid the minimum income requirements were raised disqualifying thousands of students from actually. acquiring the aid that they need to pay for college the protests
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were largely peaceful however there were a few instances where a group of people donning masks actually clashed with police officers there here's a look at the sights and sounds from yesterday's demonstrations. now these protests have been happening intermittently ever since two thousand and eleven but in the lead up to this country's election this season the significance
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of these protests cannot be understated education will no doubt be an important issue when voters head to the polls to pick the next president in november. meanwhile in canada a three person panel has been tasked with the investigating the actions taken by police and protesters during last year's student demonstrations student leaders police representatives as well as opposition politicians are now criticizing the party can back was decision to conduct this investigation behind closed doors so let's look at how the country got to this point. last year's education demonstrations were dubbed the maple spring some two hundred thousand people gathered to rally against the plan seventy seven percent to wish an increase in quebec over the next five years that plan would later were jetted for an annual increase of just about three percent. however it should be noted that
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tuition in kaviak is actually around fifteen hundred dollars a year so a drop in the hat compared to american universities protesters accuse the police of mass round ups excessive fines over you stubs of police force and limiting their mobility the three person panel is expected to come up with a decision by the end of this year however critics question the intent of this investigation since this panel will not have the power to subpoena witnesses or to pin individual offices on individual officers now back here in the u.s. massachusetts senator elizabeth warren introduced a legislation on wednesday that would set interest rates on subsidized stafford student loans at the same rate as big banks here are her remarks on the senate floor about the bank constitute loan fairness act in other words the federal government's going to charge interest rates nine times higher than the rates they charge the biggest banks the same banks that destroyed millions of jobs in nearly
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broke the economy. right. now without this or similar legislation student interest rates will double to six point eight percent in july right now banks borrow money at an interest rate of just point seven five percent however this bill is only a temporary measure these lower interest rates would only be effective for one year just long enough for congress to debate long term legislation for more of the state of our education system both here in the united states as well as abroad i'm joined here in d.c. by a professor of. zen morano a political analyst and editor of in for america's dot info and in our l.a. studio natal of natalia abrams co-founder and director of operations at student debt crisis natalia i'll start with you the effects of this bill could it be very far reaching but again it's only for one year so let's talk about how this
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bill would affect in particular future generations of students entering college and also the ones that are exit that have already accepted college. right so doubling of the student loan rate to six point eight percent is going to affect all new students coming in they did this last year they feels like we just do one year fixes and it doesn't do enough so every year instead of fighting for newer legislation organizations such as ours student debt crisis or has to go back to what we've bought last year so what elizabeth warren's bill will do will allow us to like you said borrow at the same rates that the banks are borrowing i mean right now the big students are borrowing at nine times higher especially if the interest rate goes up but unfortunately what elizabeth warren's bill does not do is help existing borrower borrowers and that's where our bill h.r. thirteen thirty rep that representative karen bass introduced will actually help existing borrowers with the student loan fairness act and natalia as you had
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mentioned it's only for one year in order to give congress more time to be able to figure out what's done being done and what needs to be done in the future but what is the point of one year or a couple of months what is that realistically going to do in terms of the negotiations they've been going on for quite some time after all. right well i feel like it's a distraction technique like i said before that we have to fight for this year after year versus doing something that will fundamentally change the way we borrow and provide funding for education in the united states i mean this is getting completely out of hand and we need something truly comprehensive like our bill that will allow students to be forgiven for a partial amount of their amount a partial amount of their debt and after ten years it's a ten ten program and we truly believe that our bill both its existing borrowers and new borrowers coming in and we need that type of comprehensive legislation to really go forward as elizabeth warren said we need to value education in this
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country it's vital to our national security to have an educated society and we are telling students that it's more important to buy a car to buy a house when you look at interest rates than it is to go to school and i were sending this consumerist message to our students that i think is very wrong and very harmful to our country as a whole now to three c.e.o. what we have in the u.s. obviously is senator warren and others who are fighting to come up with some type of solutions now as i understand it that's not necessarily the case and she lay it's these huge massive student movements like the one on april eleventh over one hundred fifty thousand students gathered so talk about what's going on in chile right now well what's what's going on there is not necessarily only interest with actually the main each of the axis but quality over in fact of the middle class now is able to go to coalition does the cycle one thing we have a scholarship to the students of course are. complaining about would be fagged the
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. system is based on private companies and b. are we basically going to go see they're in a. company for profit. so what they're finding no. real free public education but this in time not only that the league. it has enough quality to. respond to the spectators of middle class that actually are eager to be beloved to come over to salary to cover to life so that's the main each you. are talking about raising the public education sanders to be able to compete with private cation nataly or worse the only was private education loans in the united states as well can you talk about private education ones and how that might be factoring into the student debt crisis right here. well with private education loans most of them are unsubsidized student loans or private loans and they can't
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be converted to federal they can't they're not eligible for a lot of the federal programs that are actually out there right now that provide a little relief so when and not to mention you're paying so much more but the funny thing is for some middle class and lower class students they lower income students they actually sometimes can get a better. loan deal a better deal by going to a private school because there's more aid available for that but that private student loan is really crushing when we see student when we see tuitions at fifty sixty thousand dollars a year i mean students are taking out over two hundred thousand dollars to attend these private schools which is more than the average mortgage in this country and i think the private student loan is a really big part of it and then the for profit student loans of the private schools that's were really hurting students because at least with some of the private schools there's some good education there you're going to get a good education if you go to harvard or yale you're going to have to pay for it but if you go to the university of phoenix or divide you're going to pay the same
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prices as harvard roughly and you're not getting the same type of education at all and that's for really seeing a lot of students get in trouble is by going to these schools that they think are good our federal government accredits them and they're not getting jobs because they're not really considered good schools out there in the workplace meanwhile patricio of people in the united states are using these private schooling kind of systems in order to be able to go around some of the public school systems but at the same time let's talk about what's going on in chile in terms of financial aid as i understand it they recently raised the minimum wage requirements for students and it's actually been a huge gap in the students in how they're able to fund their education and a lot of them aren't because they're not receiving these loans can you talk a little bit more on just. what the division leaders who do say in chile maybe you could. with one chilly chilean university.
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which is the the old this probably one got to be a year maybe around four hundred thousand dollars which is no big amount if we compare that with the united states but it is really four thousand dollars is the minimum for one year for any family which is if. it is of the intake for the quality of life of those families do we do basically is to choose between eating or studying and the teacher in chile the other position though we have two positions which are there is simply one position of the public should be free for everyone across the board free. movement is actually fighting for the other forces show for you for example former president much a little who is running again this year she is saying we. should pay. otherwise we are subsidizing the rich so those are the two basically for solutions
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that we can actually personally i think which you have a system where wealthy families should be more of course poor family with the skill of students. basically an italian i do want to put a quick chart up on the board that i think speaks of volumes about the state of american education today so that white line right there this is based on the seventeen percent raises in great annual rates of student debt in the u.s. right now student debt is second only to mortgage debt in the united states so as you can see we've already surpassed credit card debt we've already surpassed the total g o p g d p of australia and we are have a possibility of surpassing many countries g.d.p. is with our student debt alone so talk about this for me why is this issue not more seriously debated in the united states at this moment. well you know if i i
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would i wish i had the perfect answer but i completely agree why aren't we talking about this this is almost as large as the mortgage crisis it's less you said larger than credit card debt i've seen projections in the next twenty years of reaching you know ten fifteen trillion actually surpassing what our g.d.p. is now in the next fifteen to twenty years we have to talk about this dr susan rice our u.n. secretary said that this is vital to our national security so i can tell we get take care of this student loan crisis i don't see our country getting back on its feet we have to have students that can graduate with little to no debt and go into jobs where they actually can see rising salaries this is something that is vital as i said before to our national security to just our way of life we have to do this as that education is important and this is kind of our form of us terribly going on in the u.s. right now and that's how we connect with that is going on and it's going to have to
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continue in the future unfortunately we are out of time but three ceo's on what i know as a political analyst and editor of info america's dot info and italia abrams co-founder of director of operations at student debt crisis thank you guys for joining me thank you thank you what was once described as a giant leap for mankind turned out to be only a first stepping stone in a long and exciting chapter of space exploration during the kennedy administration nasa learned how to shoot for the moon now they are looking beyond that and they have their eyes set on one place in particular the red planet but government funded space programs aren't along these days this new space race now includes private companies as well r.t. correspondent liz wahl tells us what's next for the final frontier. he was on man's first mission to the moon the second human to step foot there but for buzz aldrin that's not enough he's setting his sights on the planet of mars
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what do you envision it is. a growing permanent group of people arrive there knowing that they're going to spend the rest of their life and they've been trained as a team to that with. these different the cheapness aldrin envisions this happening by two thousand and thirty five but the mission to mars faces astronomical challenges financially technologically and politically if i could get one political word to the political people to think twenty thirty years for the best of the country not for where you come from but in times of sikh laceration it seems the government is putting space travel on the back burner the obama administration has proposed slashing nasa planetary program and the two thousand and fourteen budget now the private sector is stepping up dennis tito a multimillionaire and world's first space tourist plans to send a couple on
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a flyby mission to mars by two thousand and eighteen the inspiration mars project envisions the spacecraft to look like this all for space travelers two thousand and eighteen is an ideal date and that's because mars and earth orbit the sun at different speeds as you can see earth's track isn't as big so we're orbits the sun much more quickly and that means the distance between the two planets is constantly changing and in two thousand and eighteen the group says the planets come together perfectly for the mission allowing them to fly to mars and back in about five hundred days. wasn't the only businessmen setting his sights beyond earth skies and recent weeks version of the lactic successfully test launch its space ship to. and in the desert of southwest new mexico the first space port built exclusively for paying passengers eagerly await their first customer r t got a sneak peek at the spaceport where the first commercial flight is slated to take
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off in two thousand and fourteen this is where we're actually in control launches and as you look out here you'll see our runway which we call a space way in our horizontal watch customers will take off their own this space way much like an airplane this was built to be virgin galactic said quarters set to serve as a terminal and a hangar it's here where passengers board their spacecraft and take off from this twelve thousand foot runway. just this week virgin galactic announced they've hired former military pilots frederick serco was a nasa pilot and retired u.s. marine corps colonel michael missouri is a retired u.s. air force lieutenant colonel both men have jumped to the private sector to pilot the company's space ship two it's the beginning of the calm partial passenger space industry just like we have the commercial passenger airline industry so it is the dawn of a new era all signs that commercial interests are shaping the destiny of human space travel changing the game and face of astronauts as we know it other companies
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also are going to begin launches a next year or two so i think the opportunities for tourists are great renowned astronauts like neil armstrong and buzz aldrin bird cherry picked by nasa for scientific and military achievements and risked their own lives to venture to on known territory but with the dawn of space tourism more aspiring space travelers are paying their way the hope is that private and government interests will intersect now you can stimulate the information and get people to think more about what really we can do with more support in washington liz wall r t well the idea of an iron dome might be a bit rusty these days. is the united states has spent hundreds of millions of dollars in missile defense systems over the years was it really the best bang for our buck critics question the effectiveness of this costly project in modern warfare arctic international correspondent paula slayer reports the brains behind
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the iron dome is radio but the funding is mostly american born the americans also go assistance it sold scotch and offered their assistance they have washington recently pledged an additional six hundred eighty million dollars for deploying the interceptor system that advocates claim has a success rate of more than eighty percent in order numbers i've seen the results and. endorsed them completely even obama has gotten in on the act his first stop at a recent trip to israel was to an iron dome battery where he told soldiers they're doing an amazing job because so much money has been spent on this defense missile system it now means to be marketed and sold otherwise how do you justify something that has already cost the american taxpayer millions of dollars but for all its hype the iron dome which is designed to intercept and destroy short range rockets aimed at populated areas is not foolproof i have
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a lot of question marks questions that include the system's effectiveness weapons experts in the united states and even in israel say the i.d.f. has y. be overstated its intercept success rate by a factor of ten or more you can see very clearly that the project like this it's impossible to get a warhead work so we've. destroyed eighty four percent of the incoming or. the celebrated technological wonder exploded onto the international stage after last year's israel gaza war but the math did not add up it proved disproportionately expensive as a defense against crude homemade palestinian rockets. and militants there are assembling these rockets which cost about one hundred dollars to make. which are very little more than an upright with an explosive to propel it forward. and the iron dome rockets. actually cost fifty thousand dollars. each bucket
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so shooting two rockets to intercept one. of the amounts makeshift bombs a makeshift rockets would cost a thousand times more than the cost of the rocket that is being intercepted but the i.d.f. has good reason to mislead the world about its effectiveness not only to taxpayers want to know the money is being well spent but in a means need to be deterred especially gaza militants firing at israel's southern border city of stuart and a bit wary of even more they developed. to defend their war with. the only area the island cannot defend is until given the history of missile defense deception and the strong israeli incentive to deceive the people who pay for the system should be asking hard questions about how well it really works policy on to level of wiley's as you just heard palu two last month the pentagon's
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defense agency asked for additional funds to buy more missiles to add to israel's iron dome this comes as the u.s. faces across the board spending cuts known as the sequester but while the american education system is being cut and lawmakers squabble over funding for the f.a.a. the amount of money the u.s. sends to israel will remain practically untouched political commentator sam sachs does some number crunching for us. as the sequester takes hold across the country and critical government services to tens of millions of americans are reduced there's one special interest that's trying to protect itself from the pain and no i'm not talking about members of congress who are trying to avoid flight delays i'm talking about lobbyists for israel who are concerned that budget cuts could affect their cash line from washington d.c. and particular funding for the israeli missile defense system iron dome and here's some of the numbers this year israel is slated to receive roughly three point one billion dollars in military systems on top of that they're getting more than four
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hundred seventy nine million dollars in missile defense systems including two hundred eleven million dollars specifically for the iron dome missile defense system now all of these numbers all of them are subject to sequester cuts a fact that wasn't lost on apac the american israel public affairs committee which lobbied congress heavily earlier this year to shield israel from looming sequester cuts now the exact toll of the sequester cuts are still undetermined the congressional research service estimates that israel military funding could be cut by as much as one hundred fifty five million dollars this year and israel missile defense programs including iron dome could be hit with thirty seven million dollars in cuts now despite a pax lobbying so far it doesn't look like congress is willing to stick its neck out to shield israel from the sequester in the same way they shielded the f.a.a. from the sequester to avoid ongoing flight delays however a few key pieces of legislation have been introduced in congress regarding ongoing
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military funding for israel post sequester including h.r. live in thirty the iron dome support act authorizing the president to get continued to systems to the iron dome but the real action the real action is happening here at the pentagon because of the sequester this year by law the pentagon has to cut roughly seven point eight percent out of most of their programs including military aid to israel but for next year. the pentagon can boost funding for specific programs like iron dome and cushion them before the next round of sequester cuts kicks in in two thousand and fourteen and in his confirmation hearing the fence secretary chuck hagel had to promise to fully support iron dome. last year iron dome more than proved itself as missiles from gaza continually headed towards israel. in december ranking member inhofe and i successfully pushed for full funding of the us israel co-operative missile defense systems will you personally
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support robust funding for iran i fully support and will continue to fully support . iron dome and aero and they would sling in two thousand and eleven the pentagon handed over two hundred four million dollars to israel for iron dome than additional seventy million in two thousand and twelve and this year two hundred eleven million dollars is a lot of for iron dome although that's object to the sequester now looking ahead secretary of defense chuck hagel announced in april increased funding to cushion the iron dome program the pentagon is asking for two hundred twenty million dollars for iron dome in two thousand and fourteen and then another one hundred seventy five million dollars in two thousand and fifteen to complete the rest of the iron dome installation in israel now it's just up to congress specifically the appropriations committees in congress that set funding levels to approve this increased funding so if israel is speared from the sequester it won't happen in an
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attention grabbing vote on capitol hill complete with the bait in full media coverage like we saw with the recent f.a.a. exemption from the sequester instead it will happen in the much quieter appropriations committee rooms on the hill where wong said funding levels for the pentagon and other agencies and where lobbyists try to extract millions for their own pet projects the bridges to nowhere or foreign missile defense systems and all of this will likely happen with very few people noticing in washington same sex party. and that's going to do it for now for the stories we covered go to youtube dot com slash our to america check out our website our c dot com slash usa and now for. to follow me on twitter at meghan underscore lopez now up next is our new show prime interest was perry and boring by you make sure to stick around for the finest pm show i had a chance to sit down yesterday with the author of the way of the night mark mazetti
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good afternoon welcome to prime and trista i'm harry and boring and here is the topics that we're following today. game on as well the big banks are saying club fifty that's regulator speak for too big to fail is going on the office executives from five of the biggest banks met in private to discuss their p.r. problem they also hired several former bush and obama administration officials to lobby congress to pitch well every additional dollar in capital they're required to hold translates into eight to ten dollars less to lend but according to the fed the biggest twenty five banks are already sitting on over six hundred billion dollars in extra cash which is not being lent from two thousand and seven to two thousand and eight to fannie and freddie to.
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