i. million people rally against the government in one hundred cities across brazil with an eighteen year old becoming the first fatality reported among the activists. a recent poll says euro skepticism is on a dramatic rise in france we look into why people in one of the founding members of the twenty seven nation bloc think they'd be better off i am today. and as the us army is gauged in a huge disposal effort destroying expensive military hardware in afghanistan we ask why billions of taxpayers' money is ending up on the scrap heap.

they're going to have a company watching coming to life from moscow with may and dairy farmers. a hundred cities across brazil have seen a fresh wave of mass protests while the first death has been reported among the demonstrators in the state of reports say the anti-government rally amassed a staggering one million people when activists in rio de janeiro attempted to approach the city hall they were met by police with take gas and rubber bullets dozens of people were left injured following the clash crowds that gathered in the capital brasilia received the same treatment from the authorities and president dilma rousseff has canceled a visit to japan to deal with the crisis artistic nashville to feel are reports hundreds of thousands have taken to the streets all over brazil in an unprecedented public protest the hottest baulch of the reds remains paolo where tear gas has been fired at protesters who tried to take over the local government building in the

capital brasilia clashes erupted with riot police faced off with for. testers trying to break through towards the congress in rio de janeiro local police resorted to gas to disperse crowds marching towards city hall police say some three hundred thousand people have rallied but organizers claim it's twice as many there are reports that around thirty people have been injured earlier around eight thousand security officers have been deployed near the city stadium ahead of confederations cup football match between the spanish and haiti football teams such rallies are believed to be the most violent in a decade the protesters say they're angry at the government's excessive spending for the two thousand and fourteen world cup another point of discontent is the voice of public transport fees in several brazilian cities in the country so gorgeous later reversed their decision to increase the first but this doesn't seem

to have a peace demonstrators they say they are also angry over the underfunded health care and education systems the unrest come six months ahead of elections in brasil and as we can see there are plenty of complaints to worst president dilma rousseff government the protesters say they will remain until they see change and promise a fresh wave of rallies to take place for the next days. while political analyst adrian talbot she believes it is ultimately the colossal gap between the rich and the poor that is the people. brazil has very serious problems social problems it has to cope with probably poverty it has to cope with grandparents government corruption even though president dilma rousseff has done a relatively good job in the sense that as soon as she came into power she threw out her. labor minister she threw out her sports minister her defense minister of staff amongst others because of corruption something much better than what is being

done in argentina where corruption is being ignored by the government so in spite of that people are becoming very angry over the huge divide between the very poor and the very rich which just continues decade after decade and the fact that all government action to. it's always are insufficient it's just not enough usually when the international monetary fund and the major bankers poor money into countries whether it's brazil spain italy argentina or even the united states it goes to the wrong pockets and that is a global phenomenon so in a way what people are demanding is for more real president representation and not this so-called democracy which is merely money sloshing whereby the really powerful and the really rich and sure that their candidates always get into power and do their bidding it's the same old story in country after country and in different continents france is growing increasingly frustrated at the european union that is according to a new poll held across the twenty seven nation bloc so let's take

a look at the numbers sixty two percent of french people think the e.u. is moving in the wrong direction they are stressed by the rise of germany as a political force and feel that brussels has mishandled europe's financial crisis meanwhile unemployment in france continues to rise this all comes amid some dire approval ratings for president francois hollande which have decreased almost two fold in the year since being in power french right wing political leader marine le pen believes the french want to break free from the concept has ruined their country's economy. but the boat but the bell first of all you need to understand that the french do not really talk about this both e.u. and the euro a common currency virtually imposed on us i religiously defended here in other words there is no diversity of opinion anything you say against the euro will be equal to blasphemy what i'm asking for is a referendum polls are

a good thing but i do remember the polls promised that when asked about the european constitution france would vote for it at the end of the day fifty five percent of french citizens said no to the constitution that's why we need a wide public debate a referendum to ask the people what they think about food border transparency with the shank and countries and about this currency that killed our economy we need to ask them how come the e.u. guidelines are more important than our own constitution which in shrines the will of a sovereign nation these essential topics have yet to become subject to public debate in france and i'm sure that if they were discussed today the french would opt for freedom while political analyst alex corporal believes many french people now i think be. on the mentally wrong. i think that it's a you could list

a lot of arguments against the you you could say that it's not really democratic because the e.u. commission is on the elected by the by the european citizens you could say that it's too expensive. because some of the states give a little credit to the e.u. budget but don't receive as much money and whether the euro as given to europe actually is a way for specific member states to postpone structural reforms and frosties clearly a good example of that what a lot of people are concerned now least with the thing is they don't agree on the very idea of the e.u. that are they disagree on what phone should the e.u. or. be shifting if you're. while many in the e.u. believe their voices are not being heard by brussels r.t. . went to investigate just how much citizens of the block are involved or even

familiar with his politics this is brussels the capital of europe and hold to the european institutions that make laws of decisions that affect the lives of five hundred million citizens the question is how much do these citizens really know about europe do you know what the european flag stands for. the player. who is the president of the european council. how many countries in b. you know that the president is going through and who is the twenty eighth country. given. the fact that not. only does the flag of the stars on the flag mean what do they mean. it's an appalling and has nothing in the middle of it. but what do the stars on the flag

mean on the european union's flag. those are the member states now here and for the european parliament there's this exhibit which showcases some of the key moments in the history of the european union certainly some of these will be more familiar to citizens of the country where it actually took place when it comes to e.u. institutions how they function how they work service and showed that most europeans know very little about what actually goes on that would want to serve you but you're a barometer it shows that the knowledge of it europeans have with us is just three point four points out of ten of this survey also shows that a majority of e.u. citizens think that the e.u. is a good thing however a majority of them also think that their voices do not count fifty four percent in fact now in this report it also says that only twenty five percent of europeans know that there's even an upcoming election in two thousand and fourteen to elect. there are members of the european parliament right behind me there's no democracy neither in the u.k. nor in germany or in brussels we need more advance developments for

stronger involvement of citizen well there are officials of very you see institutions calling for a more democratic europe but in order to do so they will need to get people more involved and interested in the first place if we are to achieve this reporting from brussels i'm tests are cilia. after three weeks of street battles authorities in turkey now say they are prepared to allow one form of protest that's people standing still in the street meanwhile in ankara riot police have once again rain to gas down on the protesters artie's tom barton was in the thick of it. i've just taken off my gas mask for a minute the air is heavy with the smell of tear gas these two police water cannon shot into the center of this street and i'm corrupt dispersing rotten remember. anything that mean in mind the police response heavy handed police response in the

eyes of protesters that protest has been so i'm going about in the past weeks past saying the. prime minister noda once government is to authoritarian and the police that are all supporting the government always well and they will do nothing to try and ease their concerns will this affect the politics in turkey upcoming local elections is very much yet to be seen no anger on the streets it's very much continuing on a day to day basis expecting this particular course right has become a scene for nightly confrontations between the police and protesters. however earlier in the week protests went on until a small out of the morning without incident yesterday and today. the police response very different with these vehicles charging in and chasing protesters down

side streets liberal use of the water cannon which is strip the bomb puppetry and left deborah over the streets. really not the kind of response people were hoping to see from a police force that has really come in for a lot of criticism from a lot of corners of turkish society in the last two weeks. now coming up turning on each other as an al qaeda linked group kills finances from the free syrian army who are on the same side what could happen if more sophisticated weapons flood rebel brigades which are torn by. pakistan's development is squeezed by critical lack of energy resources and the bright we explain the struggling state is being left with no options to sell the show for. you know how sometimes you see

a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you. are welcome to the big picture. is the united states of america a force for good in the world the largest economy and an unmatched military critics claim washington's to find you political interests always trump it's a loudly proclaimed values friends of washington are given a free pass enemies real or imagined to be destroyed and replaced.

hello again as the u.s. army rushes to complete its pullout from afghanistan parts of the country are already turning into huge junkyards the pentagon is now destroying study to be our vehicles and other military equipment despite the war already having cost american taxpayers more than six hundred billion dollars. investigates by the end of two thousand and fourteen the u.s. military will have to store seven billion dollars worth of military equipment in afghanistan u.s. officials say they're getting rid of what they no longer need to or what would be too costly to ship back home the list of items that will be shredded. and crushed to be sold a scrap includes around two thousand mine resistant ambush protected vehicles or m r eight pieces that were designed to counter the threat of roadside bombs and cost

around a million dollars apiece in afghanistan are very busy now dismantling the expensive equipment u.s. officials are not explicit as to why they're not leaving the gear to the afghan military one of the reasons that they gave is that they provided afghan forces with lighter tactical vehicles which are presumably a better fit for the country's roads to quote one u.s. military official he said we don't want to live with a lot of equipment that they can't handle and that could compound their challenges as the u.s. is packing to leave again if that will please the bulk of the forces the obama administration is trying to quote find a political solution with the taliban there are quite a few roadblocks on the way through that as you can imagine but after years of fierce fighting u.s. policymakers have arrived at the idea that only a political solution can lead to a sustainable peace enough to understand and in some way the scrapping of military gear is symbolic to how little all that machinery has achieved there.

political analysts lou rockwell believes the disposal of military hardware is just another example of corruption by the u.s. government. you can be one hundred percent sure there's corruption involved that's that's just that's government and it certainly is the u.s. government in afghanistan when you remember how many billions of dollars in cash were you know lost. from the iraq invasion i'm sure they have shipped. vast numbers of hundred dollar bills to afghanistan to this is the way they operate the government is sort of you know anti-commercial they just want to spend they want to tax they want to spend they want to destroy it's sort of their daily bread can't believe the government's figures about the cost of these things they always lawyer maybe they're just incompetent maybe it's the nature of a nonprofit coercive operation like government but you can't know the cause but i guarantee you it's far more than six hundred and whatever billion dollars it's we

have you know it's over a trillion dollars in afghanistan. more details of this story are available for you on our website and also there you will find shame and disgrace when experts reveal the ugly truth of israeli army tactics including using palestinian children as human shields in military operations go online the details on that also on our you cheap channel more of these stunning pictures from the paris air show where cutting edge examples of russia's military aircraft light up the sky. now after the u.s. decision to arm the syrian rebels against government troops powerful anti tank and anti aircraft missiles are making their way to the war yet those same shipments have already sparked feets among various rebel factions dominated by radical islamist fighters and latest reports say fighters from the al qaeda linked. for

a front have assassinated a large number of officers from the free syrian army r.t. contributor afshin rattansi things no amount of weapons handed to the moderate wing of the syrian opposition will work against what the radical islamist jihadists are getting. really rebel ranks were in istanbul recently could make no. type of agreement between themselves and now they're actually killing each other so there is that power struggle to be going on for months and months and presumably president obama and major powers are saying yeah we'll give it to the free syrian army well if the front murdering members of the free syrian army resume really takes over those arms and they're destroyed they're probably using. disunity in the rebel ranks is reaching fever pitch the dangers or very old we see in iraq neighboring iraq and beginning to be seen in lebanon as the analysts are from becomes the key the factor or lead faction in the opposition. the

so-called moderate rebels is going to work against. the hundreds of thousands billions billions we don't know coming from qatar and saudi arabia the american allies in the persian gulf so the dangers are everywhere to be seen and of course the other dangers of the blowback which may be occurring even now some of these militants returning to their home countries in europe and perhaps to the united states to fight their jihad on european american soil a quick look now at other news making headlines this hour in santiago riot police have brutally suppressed a rally by steve and ending education reform clashes reportedly broke camp and some of the protesters tried to march beyond the authorized route stones were thrown out responded with water cannons and battens chiles experienced a recent wave of education process over soaring costs and affordable loans and

poorly trained teachers. two people have been killed in a powerful explosion at a fireworks factory near montreal a massive fire and further blast followed reducing one of the buildings to rubble the accident forced the evacuation of dozens of nearby homes and businesses because it's currently being investigated. and security forces have clashed with protesters in beirut after blocking their way to the country's parliament anger at the lawmakers was fueled by a plan by m.p.'s to extend the life legislator for another eighteen months the parliament has already responded an election planned for june over concerns the conflict in syria may inflame tensions and hamper the vote in lebanon. terror attacks constant drone strikes and vicious sectarian strife pakistan's newly

elected government faces a lot of ugly challenges but amid the outbreaks of violence many other issues such as an immense lack of energy are left on the sidelines however even when the government starts looking for answers to the shortfall it stumbles upon a whole host of. business is far from booming at this textile mill in pakistan several times each day the machines come to a halt there's simply not enough power to keep them running forcing them to sit idle for up to fourteen hours a day the mill has resorted to burning wood to keep up production but for a factory employing four thousand people it's an unsustainable solution this is day to be affecting the number of people you can employ you must provide job creation can you have than if you have energy and energy is personally what pakistan lacks the country of almost one hundred eighty million people has been plagued by power cuts that have grown longer and more frequent in recent years about two thirds of

pakistan's energy comes from oil and gas but there's not enough fuel to go around most cars here are run a natural gas but widespread shortages often leave drivers queuing up at the pump for hours the power crisis has also played a major role in helping industrial take to. defeat the ruling party in the recent election. it's a tragedy that a country with atomic weapons is deprived of electricity and has no electricity for even twenty dollars a day how can a country develop in such a situation so called load shedding means people and businesses can't function those who can afford it turn to a battery run electricity by using a device called u.p.s. it's enough to keep a few lights and ceiling fans on but just barely across pakistan countless people are struggling to get by because of the energy crisis businesses large and small are desperate for an increase in energy supply in hard hit areas like this one the geopolitics of where pakistan turns to in order to get those supplies is hardly

a top concern q iran the islamic republic has plenty of natural gas reserves which pakistan is eager to consume and after nearly twenty years the two countries inaugurated a gas pipeline that would let pakistan do just that the project aims to bring a million cubic feet of gas to pakistan each day from iran's offshore south park's field in the persian gulf. this is the single best thing which has happened to box on the last sixty five years supports existence it will be a major step towards providing cost effective solution and a solution which will allow pakistan to be actually connected to the global energy guest recess but there are serious doubts about how pakistan could finance the one point five billion dollars needed to build its portion of the pipeline and there's another hurdle washington has threatened to slap islam abroad with sanctions over the project if this deal is finalized for a proposed iran pakistan pipeline it would raise serious concerns under our around sanctions act we've made that absolutely clear to our pakistani counterparts the

americans are pushing for a rival plan for u.s. backed pipeline from turkmenistan instead but u.s. opposition isn't the only hurdle realistically i don't think that they were going to happen because if you look at the geopolitical you look at the forces that are opposed to it it's not just the united states that's opposed to it it's also saudi arabia it's also the you know it's also got a. new prime minister is you know quite a poor soul saudi at least historically has been i don't see the year on pakistan pipeline going through it remains to be seen whether the pipeline will be sidelined by geo politics but for the people here there's little choice but to put up with the inconvenience and wait in line to see caffein of r.t.e. pakistan. cream of world business at the moment looking for ways to boost economic growth reform the global financial system and trade. the

form. on the agenda its first day has been pretty much a warm up with many different economic issues discussed two of them dominating the agenda the first one is the possible devaluation of the russian ruble we've been gathering opinions on that we've been seeing more a concert other than prose on that matter with most of our speakers including the head of the burbank including the vice head of the russian central bank saying that this would not stabilized the russian economy would not help it and would definitely most likely harm the economic sector and investment climate as a whole the other issue which has been dominating the economic agenda of the forum here is the off shore problem the so-called tax having which most of the participants of the forum agree need to be erased especially in the wake of what's been happening on cyprus and this is something where most of this because i have managed to go to to get an agreement in theory

a banking system that's more than capable of taking that money back and using it domestically but what you do not have is confidence by investors that this would be in their interest and so the government's task and the authorization is not just to present to top it but to build trust among its own people among savers among investors and the government is far so far away from doing so the second day of the forum is expected to be more political with many more political news makers coming over here with many more meetings of the ministers and different political figures to be held here in st petersburg but clearly the biggest and the most important meeting will be that all of russia's president vladimir putin and german chancellor angela merkel who has certainly been under fire recently for the eurozone crisis will be trusted to see what she may have to say on how russia may help europe to solve its financial torm well. i'll be back with. its.

mission to teach me.

good afternoon and welcome to prime interest i'm bob english in washington d.c. area and has a day off so here are the stories we're tracking today now the markets are showing no love for bernanke in a thread after him to yesterday that that might wind down quantitative easing in the u.s. responded sold off during the day and again overnight and again during today s. and p. five hundred open below keep technical support this morning and the money is not flowing into bonds as it's had been in the past instead somewhat reminiscent of two thousand and eight money is flowing into cash namely the u.s. dollar and in another twist money is also flowing out of emerging markets at the fastest pace since two thousand and eleven we'll talk about the markets and the fed with will neil ferguson and a floor trader ben well as in a little bit and just when you thought the treasury department would simply keep its meddling to monetary matters secretary jack lew made a full court press for internet censorship excuse me cyber security channeling

george while the former revolving door exact of citigroup said the growing cyber threat is larger than anything that corporations can solve on their own and this is after several congressmen became quite vocal this is a few days after the trans-pacific partnership called nafta on steroids by some and that secretly negotiated freely would quote hand over u.s. sovereignty to corporate interests and that's according to congressman alan grayson so here's what's in your prime interest. now yesterday i had the chance to sit down with the author of neil ferguson a harvard professor of history and senior research fellow at both oxford and

stanford university's he recently wrote a book called the great degeneration and i asked him about the fed's role in markets and here's what he had to say. well let's talk about the federal reserve as an institution one could make the argument that it institutionalizes moral hazard how does that fit into your world view the central banks are very important indeed there are those who say the most important institutions in the economy today and judging by the way that people hang on ben bernanke is every word like today like today as we're speaking it's obviously true now i think one has to be careful here the central bank has done a tremendous job of avoiding the great depression we came very very close to total meltdown two thousand and eight two thousand and nine we could have rerun the one nine hundred thirty s. i think ben bernanke is a student of the depression did a great job of avoiding that scenario but now we're in a different place the stock market is back to where it was in two thousand and

seven and everybody is on scary times now. everybody is asking is it time to take the patient off this powerful medication called quantitative easing and i think that debate is going to be quite a protracted one because it's a little too early in my view to say recovery is established we can return to normal we can raise rates i don't think that is going to happen but there are there are critics of the fed who say that what ben bernanke did only prolong the inevitable and that we're going to have pain in the future which is greater than that which we experienced in two thousand and eight how would you respond to the i must say i'm a defender of. this issue i think those who for see a tremendous inflation as a result of quantity of easing don't really grasp how inflation works know somebody who spent his early career studying the german hyperinflation and even worked on russian hyperinflation in the days of boris yeltsin i can tell you it takes a lot more than just an expansion of the monetary base to cause inflation you need

to broaden monetary aggregates to grow and that's very little sign of that is in a very. percent annualized at the most the most in the moment it's nowhere near the . i know it's about three or four percent so if anything i would say this to the significant deflationary risk facing monetary policy at the moment you also need expectations to change inflation doesn't happen if people don't expect prices to be higher next year they really doesn't happen if they did expect the rate to go up there is absolutely no sign of that in the united states but is there the possibility that this happens because one point seven trillion dollars in excess reserves which is the monetary base that has been allocated to banks which is currently sitting lying fallow at the fed it doesn't matter until it matters could it matter someday i don't very much that we're going to suddenly find ourselves in an inflationary environment any time soon i think too much is broken in the international financial system the incentives are banks to deal average

a powerful the regulatory pressure to raise bank capital relative to assets is pretty powerful and compelling so this is one of those things that really doesn't make sense to worry about a bit like an asteroid hitting the i mean you know it could happen but at this point it's such a low probability i'd be much more concerned about deflation in a world in which there are powerful structural forces pushing deflation for example the demographic changes that we see in many countries the aging populations you know japan is what we need to worry about we need to worry about finding ourselves where japan has been in the last twenty years and you talk about asset price deflation the bonds at zero percent yielding you know that for maybe two decades is that really the biggest danger that we face i mean sometimes in a deflationary environment we can actually see lower prices there have been people that have characterized the long depression of the united states you're a historian as as a period were you know the average productive the purchasing power actually went up for the average person there are benefits to lower prices we've been enjoying them

as the price of technology has gone down i mean the price of computing power has to decline dramatically. in the last twenty years and we've all got very accustomed to carrying little mini computers around in our in our jacket pockets that you know would have cost vastly more as well as be vastly larger twenty years ago so that's fine similarly if we see commodity prices going down because we're increasing the production whether it's of energy or of foods what's not so like but i think the really important issue here is if you get into a situation as japan did when you have fall in prices and the interest rate and you can't have negative rate as policy rates the big problem is the debt deflation problem if you already have a pretty large stock of debt and the real interest rates allowing for inflation is positive and rising that is a that is an economy killer and that's the reason that central bankers worry so

much about deflation and indeed worry more about it than they were about inflation and certainly that ties into their demographic problem and let's just shift a little bit further west to china. where do you see china right now well i think if you look just at the demographics headwind is going to be a very very strong one in the next ten or twenty years the one child policy that shopping introduced means that the chinese workforce is going to start to shrink after a period in which the growth of the workforce has been one of the big drivers of of economic change in the world so that's a big change and it's going to change the way that the chinese economy works wages are going to rise they already are rising because the supply of labor is going to start to contract that is going to reduce china's big competitive advantage which was the china price that has big implications for china's trade rivals because they are beginning to see that they can be china on price even mexico starts to look

like they can compete with china and that's that's really a big change so i think that the chinese story is getting very interesting structurally and it's also getting very interesting cyclical a because. you have and i can sense it a financial crisis coming it's coming because you have some pretty excessive credit growth in the so-called shadow banking sector and the chinese authorities are already dialing that down as they do so there will be i think some significant repercussions and there have been fermented strains in their short term funding markets but long term do you think they're going to be able to come out of this and are the structural changes that you're seeing in the cyclical downturn is that going to be able to be overcome in the long term i'm cautiously optimistic about that i just spent most of april in china i met with some pretty senior people in beijing there they are acutely aware of the challenges that they face and they know that they can't have a system that depends exclusively on infrastructure investment and limited much of

that prison g.d.p. this is a this this is gone we're not going back to ten percent and in fact we're going to be growing in china closer to seven or even lower than seven percent and i think what is happening right now under the new leadership of president xi jinping is quite a big rethink about what the government's priorities should be and china is no longer going to be run by people who look at the g.d.p. number and the bigger it is the better i mean the attitude is now we need to worry about quality we need to worry about quality of life quality of the environment we need to move towards rule of law the more i hear people saying those things in beijing the more i realize that sounds familiar in the great generation i'm on to something they understand i think that their institutions need to change and that the institutions that bequeath them are simply not compatible with the modern economy and it's certainly not compatible with a big middle class and you create all these people who suddenly have a significant income and wealth they need to have property rights otherwise they going to send their money to vancouver and i think that issue is really one that is

focusing the mind of the leadership and shifting the priorities away from just growth growth growth and one final question what do you see as the results of the peg. the chinese currency to that of the u.s. dollar is that just is that what's really holding them back in a certain sense and if they d. peg what with the results of that being well what peg i mean in fact the r. and b. the chinese currency has appreciated against the dollar quite so in a general band in the narrow band but it's certainly not a peg anymore and if you look at its real exchange rates if you look at a broader measure not just the dollar rate the appreciation significantly more striking so china partly because of its relatively high inflation and partly because the nominal peg has been crawling upwards is in fact losing the currency war right now relative to japan where japan has pursued aggressive depreciation strategy. with corrode the bank of japan china's kind of like on the back food

because the chinese policy which was as you say pegged to the dollar and essentially use that peg to undervalue the currency and keep chinese exports competitive that's all that's gone and the chinese is trying to figure out what the right policy should be in this new era where very aggressive policy is being pursued by the us by the bank of japan and others the bank of england for that i think for some for some policymakers a somewhat appreciating currency is not a bad thing eight discourages capital flight b. it paves the way to remember the internationalization it's very interesting of this in shanghai a couple of weeks ago to see the governor joe of the people's bank of china is talking open internationalisation of the art is amazing and opening up the cap look at that used to be discussed as something in the very distant future and policymakers are not talking about this is if it's going to happen this year so that is a major change and i think we're going to see r. and b.

regionalize ation increasing use of the r. and b. in international transactions and in that sense the days when policy was just we currency exports and growth. that policy's gone. that was neil ferguson author of the great generation stay tuned because up next we'll play my interview with ben willis from the floor of the new york stock exchange we get in the high frequency trading both the good and the bad yes there is some good and talk about the diminishing role of humans in modern trading and then political commentator sam sachs joins me to do all about the role of the speculator.

choose your language call if we could with any financial planner say still some. choose to use the consensus to. choose the opinions that you think are a couple. choose the stories that in your life choose the access to your office. play. live. live.

live. play. live. live live play live. please. more news today violence has once again flared up.

these are the images the world has been seeing from the streets of canada. china operations are all today please. finally as promised here's my interview with ben willis from the floor of the new york stock exchange where we talk about the vanishing liquidity in the markets h f t and how to buy protection in these crazy market times. i'm standing here on the stock exchange floor now that all that was the third ben thank you for joining me now you said that you've been here thirty years.