tv Headline News RT October 1, 2013 10:00am-10:30am EDT
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i am i am. the u.s. government shuts down following an unresolved standoff between democrats and republicans over the new budget what is it said to lose millions of dollars from their wage packet. return considers putting out of the european human rights convention with senior politicians claiming the rights were things that standing in the way of trust. and these roles from the mr uses his meeting with barack obama to win against iran in such a sensitive to washington and tehran broke decades of silence with a phone call last week.
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you saw in russia and around the world this is all see with me your national politics thanks for joining us the u.s. government has partially ground to hold for the first time in seventeen years schooling democrats and republicans couldn't find a way to agree a new budget clashing over obamacare the current administration's high profile reform of the health system the essential elements of the government such as the military and national security will continue to operate but eight hundred thousand workers are being put on unpaid leave and go that a minute they're being forced to work despite their pay being delayed experts estimate that the stalemate could cause the economy up to fifty five billion dollars that's as much as the effects of hurricane katrina in two thousand and five services like the course transport and the mail will continue to work as they expect to experience difficulties and delays and let's not talk to
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a news producer sound sax hi there sam so you are in washington d.c. how's the shutdown hi there so how's the shut down. there. sure well we're about ten hours into the shutdown and as you mention around the country there's about eight hundred thousand federal employees who've been furloughed who are not going to be receiving their paychecks and most of them are here in washington d.c. also you have parks closed around around the nation in part in particular here in d.c. museums closed and all these things are going to have compounded will now make affects not just people with lost wages when people aren't getting paid they can spend money businesses start cutting back so the longer this lasts the more and more the economic effects hile upon each other so we can look back to one thousand nine hundred five in ninety six and look at the total cost of that government shutdown and that was about a billion dollars back then so assuming this lasts for a week we can say ok it's going to be somewhere around a billion but if it continues to last longer those effects keep compounding we're looking at somewhere and moody's estimated things like fifty five billion dollars
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of lost economic. opportunity lost economic impacts here and if that's about as you said equal to hurricane sandy from two thousand and twelve through these are major economic consequences and we haven't even talked about the debt limit which is in two weeks point the government shut budget shutdown is a known quantity we've been here before we know the economic price tag on that time and the government shutdown that's an unknown quantity and economists fear it could be billions more immediately punch the world economy into a recession and i think that right but what does it mean for the american people does it mean more austerity for them. well yeah it does mean austerity the government shutdown look we're talking about money coming out of working people's paychecks that's that's a form of austerity if we get to the debt limit that's an even harsher form of austerity because then the government's going to have to prioritize its payments and only pay certain debt obligations and not other obligations would force even more spending but it's important to keep this in perspective this is the seventh budget showdown between president obama and congressional republicans and each of
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the last six austerity hawks in congress have one we've had austerity spending resolutions for two and a half years now and this if there's a resolution of this government shutdown in the next few days it's going to be another austerity spending plan republicans have already won on the spending numbers here democrats of cave the only issue here is obamacare so yes there's going to be more austerity coming and we're starting to see the same effect here in the united states that you see in the european union with working people's wages going down public services being cut suicide rates spiking and ultimately deficits getting even worse all right. d.c. sound thank you very much. the government risk shut down a number of times in recent years but lawmakers always managed to avoid it by the skin of their teeth let's now look back at the close calls and in twenty loven government closure was a verdict just one hour before the deadline after a painful legislative standoff
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a budget deal was finally agreed the debt ceiling was another nerve racking issue in the sum of twenty eleven it made nervous markets in america and around the world tumble the sky didn't fall in as it was agreed upon a whole two days before the time was up it's been seventeen years since the last time the government partially seized operating but it's actually the eighteenth time the u.s. has taken a so-called spending gap in one thousand nine hundred seventy seven the government will shut down three times in as many months and jeffrey summers associate professor at the university of wisconsin milwaukee told was told me earlier the image of the united states as frontrunner in the global economy is being further undermined. confidence in the united states is beginning to erode because it appears more and more ungovernable and that is directly linked to the issue of dollar senior rich so of course for the past thirty five years the united states has been to the u.s.
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dollar being the global reserve currency because people have confidence in the united states is the most stable country or stable economy in the world that diminishes of course then we have this problem of people choosing to park their assets in other vehicles tell us more about the people of america themselves like what kind of the most vulnerable right. well for the past really thirty years as well but especially the last ten years the working class and the middle class of taking a beating in the united states financially so they've seen their living standards stagnate or even a road and this will just further that because it takes demand out of the economy so this past march for instance we had the crisis with sequester the nonpartisan congressional budget office estimated that that has cost the united states some one point six million jobs that's really huge in a time of this continued and unsteady economic environment so this just further adds to these pressures and again it contributes to this idea that the united
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states is increasingly ungovernable and unstable so it's a very very unwelcome i think development. from your perspective we're now joined live by london based market strategist mark engram and mr ingram welcome to r.t. good to have you with us british prime minister david cameron cold they shot down a risk to the world economy is that a correct assessment from your point. well yes absolutely i mean the the government of the largest economy in the world going to shut down is a cause for great concern and we've already seen over recent months how you know just the mere threat of the federal reserve thinking about tapering cause global interest rates to rise so yes what's going on in washington has a clear global repercussions a move for the sake of us all we have to hope that some of these politicians heads of banging together they actually thrash out
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a deal and we also heard here on our say that the shutdown is a fallout of washington's political games how well this affect america's standing among international investors and credit well it did make some look like idiots quite frankly. i think previously detailed the government just about managed to avoid a shutdown two and a half years ago and at that point in time credit agency standard poor's downgraded u.s. debt from its aaa status and one of the reasons they gave was they said all that you know this country is becoming ungovernable there's no visibility on what your fiscal policy is because politicians are just playing with fire year after year and here we are again now two thousand and thirteen in the same situation and i would have to say that even once a deal is finally thrashed out this time around and on one must hope that that will actually happen probably going to be in the same sort of situation next year. of
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course the dollar is a bug by one of the global financial system but will we see more calls for alternative reserve currencies now. well i mean one of the one of the interesting thing is a dollar has been weak actually for the last month or so and it's now sitting at a low point paradoxically one of the things that this is actually giving relief to emerging markets is a weak a dollar it's caused you know some stabilization. in their own currencies and of course. it has been a certain flight to safety that's helped bond yields in the u.s. to track lower and that's also put pressure off some some some other bond markets elsewhere in the world but that's only a short term effect i mean as well as we've already touched upon you know the shutdown is bad news economically for the u.s. it's a cumulative effect and it will be bad news for the global yeah and talking about short term running run for cations. are we going to see another mary kay the crisis
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kind of short running ramifications such as say we're going to say in america if the crisis goes on much longer well it's estimated to take what your previous caller was saying you know what the daily cost is like to be something it's estimated something like three hundred million dollars per day and you know and there are eight hundred thousand people today who are basically being sent home with no wages that's going to have spillover effects into the economy business is going to start to wonder you know how safely they can invest going forward and you know if we assume that somehow we can push through the debt ceiling on this on the talks on the seventeenth of october let's say the shutdown continued to the end of the year that would probably mean that the u.s. economy would actually contract in the fourth quarter and at that point i think that economists would have to look at their forecasts for next year and take out a big red pen and while americans have to face
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a stereotype the way the europeans have. well you already have been i mean on some estimates. us executed over the last. year or so something like a four percent g.d.p. structural decline in the budget deficit and that's been holding the economy back by an estimated one point seven percent of g.d.p. and the reason why economists reasonably confident that u.s. growth would accelerate into two thousand and fourteen if they felt this austerity was going to be coming to an end now i guess they they can't be quite there so sure . on live from london mr ingram thank you very much my pleasure. much more government must now shut down until congress funds it again. written in slow drift away from the rest of europe continues prime minister david cameron said the
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u.k. may well withdraw from the european convention of human rights for earning such as allowing foreign criminals to remain in the country definitely has a long irritate as the government and public want to boycott explains. the british home secretary theresa may told the conservative party conference that the current immigration system in the u.k. is like a never ending game of snakes and ladders and that quitting the european convention for human rights might be a route that the government chooses to go down david cameron has already endorsed that option that the opening of the tory party conference now the reason they are so worried about this is that at the moment suspected foreign criminals well they have seventeen different routes to appeal if they are meant to be deported under the proposed plans the home office would first deport suspected foreign criminals and then hear their appeals often they've been deported the winners foreign criminals and immigration lawyers while the loses all the victims of these crimes
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to the public where there is no risk of serious and irreversible harm we should deport foreign criminals first and hear their appeals later now the conservatives view is that the european convention for human rights simply prevents them from dealing with famous cases like that of radical hate preacher abu qatada who famously avoided extradition from the u.k. for over a decade because his lawyers argued that it was against his human rights to return to his native jordan where he could face torture there now that was an extremely embarrassing case for the u.k. government and gives you an indication of why they want to tackle the issue but this is a country already that hasn't been immune to accusations of human rights abuses itself only recently the u.k. government was criticized for detaining glenn greenwald's partner david miranda at heathrow airport glenn greenwald as of course the guardian journalist who uncovered
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much of the n.s.a. scandal and his partner was held by police that he to our ports and most of his documents all of his documents was seized and human rights watch called it a shocking act that was aimed at punishing or intimidating journalists and in terms of the reaction. to the conservatives latest proposals well they're already there is highlighting that these plans could may well be illegal under cover noise and that ultimately they could be the first steps towards the u.k. government simply ignoring the human rights over people as and when it suits them. and of course there's more news ahead in creating a living as a legacy of the pull out of the nation on the sun approaches we'll take a look at how the drawing industry in the country and is now spreading across the globe thanks and a bunch more aftershocks right. good
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this is all she welcomed back. to us president barack obama not to fall for his cold iran's sweet talk they mean netanyahu is adamant tehran remains committed to its nuclear program and the destruction of a zero his being spat into action by the saw in relations between washington and tehran after the leaders of both nations finally chalks the record to each other in a fortnight a report. he will be the last speaker wrapping up the united nations general assembly debate but israeli prime minister benjamin netanyahu will likely not offer the same harmonious tone heard last week from iraq's president who is expected to argue that israel and the world at large should continue to be on guard against
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tehran's nuclear program even insisting that the international sanctions which have been crippling iran's economy not be eased now just seven days ago iranian leader hassan rouhani delivered his debut address at the u.n. g.a. proclaiming that his government was ready to resolve any and all concerns about his country's nuclear program even promising more transparency and engagement with the united states during a meeting with u.s. president barack obama at the white house on monday israel's prime minister insisted that tehran offer immediate concessions by suspending sensitive nuclear projects or else face even greater international now obama shorting netanyahu that all options including military options are on the table when it comes to protecting u.s. interests in the middle east or hope is that we can resolve this diplomatically bush
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as president said before and i would prefer that we take no options off the table including military options while televisa of has been ringing alarm bells over tehran's alleged and nuclear program it is simultaneously even ignoring calls from iran syria and other countries to join the nuclear nonproliferation treaty that's keeping the middle east free from weapons of mass destruction israel has also not confirmed or denied if it has its own nuclear arsenal reporting from new york. threatening iran with sanctions and military strikes is a common theme from benyamin netanyahu including a previous meetings and launching all assemblies for years is trying to convince the world iran's nuclear ambitions are dangerous and here are some of his high line a red line should be drawn right here before we run completes the second stage of nuclear enrichment the truth is that israel wants
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peace whirled around israel is definitely becoming more dangerous iran threatens to annihilate israel it denies the holocaust it sponsors terror words alone will not stop iran sanctions alone will not stop iran they have to know that if the sanctions and diplomacy fails they'll face a credible military threat that's essential nothing else will do the job last week leaders of the u.s. and iran spoke directly for the first time in more than three decades officials son is between the to states however true political analyst william engdahl believes some groups in america just don't want to lose the convenient image of iran as an enemy iran hasn't made a. hostile war aggressive war on any nation for more than a century and a half and i certainly don't think they're insane enough to try to launch
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a war on israel which is armed to the teeth with nuclear submarines and other weaponry that would would. really not to not be to the advantage of iran at all so i think this is a fabrication by a certain international war lobby in washington perhaps in britain france and certainly around the israeli defense industry and certain circles in israeli intelligence around netanyahu that that would want to have iran as a bogeyman to justify the continued support of washington to israel. bahrain's decision to jail fish of his shelves the human rights community on our website opposing the government of the gulf kingdom has labels terrorism under the international outcry over their cue stations. for you hundreds of thousands of unemployed in britain who could have to work for free or lose their benefits had
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a line for more details on how london is planning to tighten the screws on welfare . the u.s. and its allies ponder grab bags and head out of galveston makes share for the leave behind a deadly legacy since the start of the war on terror twelve years ago the drug industry that thrived and it's not only for internal use made in court hague sob hearing in the world well he's going to check on investigating. a war that kills without weapons silently with harrowing is production has increased forty times in afghanistan since the nato started its war on terror in two thousand and one before that the taliban as brutal as they war heading forced the ban on poppy growing they declared it was against their religion so here in production was very low when the u.s. and allied forces invaded the country they allowed afghans to grow poppies they saw it as a way to win locals hearts and minds the u.s.
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and allied forces have maintained that opium production provides a livelihood for afghan farmers but it's been destroying their lives the lives of thousands of children around three hundred thousand afghan children are now drug addicts my colleague visited one family in afghanistan three mothers all three addicted to opium heroin and marijuana they blow opium in the face of their children to make them fall asleep so that the grown ups can cater to their own addiction they give marijuana to their very young children they buy drugs before they buy food here's what their daughter said. fearful of the move my mother told me let's go to the bazaar i want to buy something for you i said really we went and my mother said to this man do you want to buy these he yelled out to forgive you and gave us a hundred f. so we went to buy some dry bread nobody my mom needed money and took my sister we were crying sue notch then she tried to sell me again i begged him not to and she
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said that if i go to people's houses and beg then to keep me so that's what i do the u.s. and allied forces have been doing little to stop opium production in afghanistan is killing more and more people and not just in of gunston but far beyond its borders of ghana's that produces around ninety percent of the world's opium supply the bulk of the eight hundred and twenty tons of heroin that comes out of afghanistan every year ends up on the streets of russia. and europe the drug money feeds organized crime all over the globe kossovo drug dealers for example have become a predominant crime group in europe that is because seventy percent of heroin that goes to europe goes through the cost of a child in the meantime opium production is growing in afghanistan last year they expended poppy cultivation almost twenty percent compared to the prior year and also what kind of a nation building was that when it's clear food these afghan children it was
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anything but that in moscow i'm going to check them is this amazing forty thousand tons of junk was in afghanistan something that according to dr watchdogs is going to watson in the coming days and results in a ten caddo tony shot from the center for advanced defiance studies and has been tough to understand to see this insatiable himself and believes hayes has completely lost the will on drugs that what you see here is a situation ripe for both corruption and expanded production of opium when i was there in two thousand and three and two thousand and four. there was no effort to prevent the crop from becoming a major economic source of income for the afghan people it was just ignored the drug problem became severe two thousand and four two thousand and six because no one is paying attention to it the u.s. and national international part partners attempt to crack down on opium production
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has been a dismal failure we have spent billions of dollars on trying to deal with securing afghanistan and dealing with the crop problem for ten years so if you just measure the amount of money spent by nato i seven united states versus the output of opium it's a complete failure it's not going to get any better once the u.s. forces and nato forces paired down and leave over the next to yours. so let's now check some other international news making headlines this hour international inspectors from the philippines have crossed into syria to oversee the destruction of the country's chemical weapons stockpiles a group of twenty came from neighboring lebanon to find and dismantle about a thousand tons of toxic materials this comes after another group of u.n. experts completed an investigation into alleged gas attacks on monday the u.n. security council approved the probe last week as part of an agreement on the dollar between moscow and washington following and that's this organized. all
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senior members of the over greece's far right wing golden dawn party have appeared in court on charges of being linked to a criminal group this stabbing of an anti racism activist almost two weeks ago sparks public outrage at the government's failure to contain violence by golden rules of forces that links to numerous attacks on him with once the unrest has pushed the government into preparing a bill we should outlaw racist hate speech. a suicide bomber killed five police officers and wounded more than seven others in iraq's northern city of tikrit now talk a monday also a series of blasts in and around baghdad killing at least twenty five people that an al qaeda linked group claimed responsibility for violence in iraq has reached its highest level since two thousand and eight. and brazil needs to use tear gas and stun guns to disperse hundreds of teachers protesting in rio de janeiro
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demonstrators owned by so working conditions and influence people are angered of the money being lavish to host the world come while social services are neglected brazil has seen a wave of anti-government rallies since the summer. and. millions of forced labor in policy affordable medicines are one of the few things in life that can be counted on stay with us here in our city. wealthy british scientists. like to go to. market. why don't what's really happening to the global economy
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with my next. there are no holds barred global financial headlines tune in to kaiser report. but i will only react to situations i have read the reports and like to know i will leave them to the state department to comment on your latter point i completely say it's ok. no more weasel words. when you have a direct question be prepared for a change when you throw a punch be ready for a. pretty tough speech a little down to fit into my. life
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