tv Venture Capital RT September 29, 2013 8:29pm-8:45pm EDT
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recently the ministry of internal affairs of russia declared that they're going to drastically increase operations in and around the moscow subway system with a major emphasis on illegal immigration there's an odd paradox when people talk about dealing with illegal immigration in terms of what the police should do people want the police to deal with it but any means of trying to actually do anything are generally taboo any form of asking people to see ideas viewed as an invasion of privacy or racial profiling well i don't know how exactly anyone can prove they are or aren't a citizen without id and if you're looking for people who are forward and thus different then how can you go about looking for illegals without looking for people who are different profiling if you were looking for a criminal of slavic origin in uganda when the police be wrong to stop me do the standing out from the crowd i don't think so that's not racial profiling it is just common sense obviously it is best to fight the causes of illegal immigration rather than asking for id in moscow subways but they have to do something so i guess id
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checks are here to stay but there's a big difference between looking at someone's passport and doing stop and frisk or involuntary blood and urine tests that is what immigration control goes over the line but that's just my opinion. l.a. that we only see the international investment for it happens every year but this is particularly special and that's because everyone is gearing up for the winter olympics that will happen in just a hundred and thirty days time from now and today i see we have a list in athens it will make its way to russia for the longest to relate in history make you see just behind me there's been a complete transformation of the so she asked since the. pace was and now so just
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behind me on the ride we've got the stadiums themselves and really the construct of this is going it is incredible eighty five percent of that region has we totally revamped built from scratch i'm talking roads route ways tunnels gas pipelines you name it and luckily for russia there's an abundance of russian billionaires that are willing to foot the bill and all the way get to witness any loses in the games and so they cross or pretty much definitely gets the prize for expenditure having already splashed out fifty billion dollars over the fifty billion dollars and that's around about four times over budget so how does manage to blow the budget in such a spectacular fashion that one example is the cost of the risky job that what from thirty seven million it to over two hundred fifty million dollars actually resulted in a man getting the side he got pushed over the mountain as a result of that one and it's not just so it's been a complete budget
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a bailout there's been plenty of other examples as well that most notably the suez canal that was twenty times over budget was followed by the sydney opera house as well and i went down to see if i could track down some of these are such investors to see they found getting some money back. to me you know right here we will be on the ground in secret just behind me but the fact is they told nobody they're going to be here and i don't want any place in the city with him passing into silence if i wonder why i'm going to set up camp here and i'm going to wait for them and see if they ever will appear now i did manage to track down one of the big money spent his hair it's only got a past his company basically they've built all sorts of things including the olympic village it's so good an airport built by them as well as a marina to pretty much half of the cold. next i going on here i managed to catch
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up with the deputy general i dread to all of the company and i asked him all i going to be able to make any money on these investments i came to i might now but i enjoy ellison from basic element out we're going to be talking just now about your project here we know we've got the olympic village that we're now working through i've been working on the airport refurbishing it as well as the marina to a total cost of one point four billion dollars i believe are you going to get your money back unless of course we will you know we'd be doing a deal of the for for a long time you know we've been involved in different infrastructure projects and this one is very special you know and of course it's very special because it has to scale and angle and the projects were doing which is in airports olympic village and the marina you know they're not just commercial projects per se they also have this social olympic angle it's kind of a p.p.p. type projects you know the public private partnership thing where the government is
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helping us a lot with different structure you know for example in the seaports you know we have invested over six billion rubles which is roughly two hundred million dollars into the project however the government also have built have invested almost acquired some of the same amount of money in order to build the infrastructure support for that and if the return doesn't come argument's sake do you think there's going to be some punishment that he's going to beat. you know i don't think it's a it's a not a blaming game you know we we're not looking for anyone to blame if we turn doesn't come the government wants to see that investors do complete the obligation and you see here you know you know the olympic village you know this nice building is already standing ready to you know except a few of the first guests for the olympic games the port is there so i think when the government says the investors have completed the obligations. they will be very
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willing to you know make a step forward from the start and support some subsidies so special programs or support sold it to investors get their money back ok guys we're now insufficient territory we're going to go and see the elim pig village see with the world famous athletes going to be saying gold medalists like you same bolt for a period privileged people that's going to take it out first of all this is going to be a bad term for a nice indeed nice double predicate of gold do they spread their right will soon hit ok kids' bedrooms sorry nice indeed nice toys and card lives and goals and all sorts as well as that we have gone an office admin you've got to be doing it on the right who are just at fever as well check out the lounge and see what's really happening there in the social rooms are going to be relaxing we're going to be tired here we go through a huge show you for right k.l. we've got a plasma television we've got candles as well look at this with some some nice wine
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don't mind if i ask help myself just here so as i say this is where the athletes will be say but for more ordinary people like myself my accommodation will no doubt be far more water to spend our. now for those of you who don't have a gold medalist a budget and you can come hits this one job you can pick up a cup of wine for just forty rubles which is about thirty cents this one specially bought and well fourteen rubles that's not going to frank your bank balances it. on this why it's going to build up a bit of an appetite so let's get us over may's ok go for us to save on i take one hundred fifty rubles so that's around five dollars there for just a bit mate lovely. so we're now in a taxi it's around about ten minutes to find out how much that's going to say that skull cost. around dollars for
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a taxi ride around ten minutes time. this is my room it's an average of three star and that's going to set you back around one hundred twenty us dollars that price will double come during the games as you can see is quite basic but she fried k.z. and i said i spoke to the head of the radisson blu hotels he's also in charge of the ins as well my sister was going to happen to sort she would all the athletes go home will the city become a tourist as an asian all it be and. we have all the infrastructure in. you to modern in many ways and from fabulous venue where growth. etc can be. you know how do you sell it. and that's where you need. you think. this cannot be done by the individual. because they are competing against throughout the nation have to be sold through prevention and sure we're all
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on the boat when it comes to say visas and intake is a big hurdle is to getting people to come to sochi because you know. for example moscow is sort. which is no more expensive ofen going to paris or london. the other thing is of course that is more forty because the potential for foreign tourism is that too. big off the road. but sochi remains to be domestic destination what kind of person is going to come to such a is it going to be say the russian middle call center. and. you know do the russian middle class is becoming very very low because grown dramatically over the last ten years or so to have four.
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hundred. forty million nation where. when you when you count household some sixty percent are considered to be in the middle. meaning medium. income to the family of some twenty over twenty thousand dollars. so the market is. and. it has already brad as a destination. he doesn't need to worry about money is so tall as he's got ten thousand u.s. dollars to let's check in at the headquarters of all skin see what he's been up to showing you the positive. well getting before we get in to the portfolio at all i have to say but you're not allowed to leave moscow anymore when you were just st petersburg it became cold rainy and gross here now you've gone to sochi in the weather is probably wonderful there but here it's too cold but let's get to the
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portfolio this is what you really want to know about last week we talked about the photo wars and euro kelly and i have fallen victim to the said the potage wars in fact i got involved because it was rallying it showed some promise it looked like it was on an upswing with a lot. movement happening here china even getting involved but now i touched it and that seems to be the touch of death it went down one percent so this week not doing very well down overall one hundred twenty three dollars for the week the entire budget basically or my entire portfolio down from nine thousand three hundred forty dollars of the original ten thousand i need to do something to make this happen now you're and you're talking about the olympics i'm inspired to think about sochi is that you know the weather's great it's a good location what about investing in tourism unfortunately i can't do that can i i'm going to look into companies that are like possibly helping out the sochi
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venture in this case i haven't gotten involved in the financials yet so i'm going all in this week we're moving into spirit bank because they've invested billions in the infrastructure in sochi so i kind of feel like i'll be doing my part in helping the olympics and the movement there and trying to make a little bit money back because look down i need to get above that ten thousand because otherwise what else we could all right so if you keep saving up like that and you have moolah enough money to cover here as she and do it be it sounds the lights out so when it comes to the sochi olympics yes it's been abundance of academic failure is most notably it has to be and it's been a that greece is. that i cannot make a challenge but the confidence and successes as well as have staked out but also one of the sort it's all too early to say why sochi is going to stay in two and if this that's the now you don't want i'm off to go and see if i can seek out some other jobs.
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a report on our. welcome back live from our studios in moscow you're watching r.t.m. ones in france thanks for joining me. as one of the last outposts of the british empire ascension island in the south atlantic is still said to be suffering from the effects of colonialism the u.k. stands accused of a victim families that have lived there for over a century let's take a look now ascension island is a tiny spot on the world map right here it's home to barely a thousand people many of whom may now have to leave reportedly to make way for an american military base the islanders who are mainly british citizens will not be allowed to stay after retirement or if they're unemployed at eighteen the case bears similarities to the expulsion of inhabitants from jay go garcia part of britain's indian ocean territory the island was forcefully.
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