lights no. old pictures posts long distance from runs to close. up to. that welcome to the capital i'm going to believe it's all ten so i thank you for your company now this week the u.s. government shutdown. and i know hey guys we paid our bills as well and so just as the u.s. economy was beginning to show the first size of our recovery it manages to buy into a wall well a ceiling in a way so that the help of the biggest most powerful economy in the wallet managed to get itself into such a mess well actually it's all to do with the squabbling between politicians over health meanwhile the health of the us economy as it was the question seems to be

about who can hold the longest obama's health care supporters while the tea party republicans meanwhile the eight ticking. rule now by your columns on the seventeenth of october when the debt ceiling will be breached the health of the economy will really be on the line because the u.s. government run out of. and while u.s. politicians are all busy arguing about money economic damage to the already fragile economy is intensifying according to independent research of macro economic advisors if the shutdown was to last two weeks that it would result in a loss of about two hundred thirty three billion dollars so let's first get to the epicenter of it all with liz wahl reporting from washington a lot of uncertainty as the government shutdown continues with no end in sight

right now about eight hundred thousand federal workers have been a furloughed and are not sure if they will get back pay when the government reopens this government shutdown is historic it hasn't happened in seventeen years and the worry is the effect that it will have on an already fragile a car. i mean the cost of the shutdown on the overall economy is estimated to be around three hundred million dollars per day according to one market research firm that's more than one point six billion dollars per week but the financial worries do not and at this shutdown another deadline looms here in washington and that's the debt ceiling deadline if congress doesn't come to a deal to raise the debt ceiling the treasury department says the u.s. will run out of money to pay its bills that could send ripple effects on the economy when investors losing faith there could be implications with the value of the dollar and we could see unemployment rise but the government shutdown partially shut down national parks have been closed social services that help new mothers and

children have been suspended and research at the national health institute has been halted the republicans have been trying to pass bills to fund some of these programs piece by piece but democrats are saying it's all or nothing including the affordable care act at the heart of this deadlock at the capitol well as of now there is no clear end in sight and with each day that passes more economic uncertainty in washington is wall party not so little financial analysis i'm joined by mark rubenstein from investment finance company much of pall mall can you give me an idea as to how all of this is affecting the u.s. economy specifically of course the overall it's negative the shutdown the shades of growth from the economy on the average where there's to me that it could shave bald . ten basis points off to growth every week. but again it's not such a kick out of the market standpoint would be is alleged. if it's lost.

all that to raise their country's debts or civil areas of the u.s. economy particularly vulnerable that involved. there are there's forces. the most important industries in the u.s. economy is the housing industry and housing is being adversely affected because. banks and craziest your friends they cannot effectively issue mortgages when they don't have access to the government data which helps them to very far and the applicant's income and other things so say and since they're government agents is shut down. operate at bare minimum banks have problems accessing this data so that could see verily slow down the mortgage insurance process and that could. have very nascent. housing recovery in the states what about u.s.

treasury the pressure to be felt that the impact of the u.s. treasuries is the most important financial instrument karlin the financial markets so any and. any trouble with this instrument there's no spell big trouble for there will financial system above given the importance of us treasury for the health of the wall financial system and the chances that the compromise is not going to fall and that there's slim i want about the u.s. dollar that away expressing a full round the conditions that have been created with this. government shutdown and the potential battle for the debt ceiling limit all these conditions will likely to prevent the u.s. fed reserve from tapering this this stimulus in the near future. so there are now consensus now shifting to the fed. cutting rates the rate of months the purchases

further down the road in the future so are the current consensus is there that we're going to see the car the december meeting and now and december meeting i mean i think we're all going to say to early before they're beginning of next year and be happy even. into the first quarter of next year so this all continues to pressure the dollar financial alice thank you now at this we care more sky i went along to the v. to be investment forum and i caught up with on today santo stefano the head of the biggest bank in us america i also invite us to and how the decisions made in washington affect the emerging economies emerging economies are much stronger than use it to be so they have more fiscal balance that a better economic policy all over the. show i do see some effects we use what is changing at the end of the day is it possible for truly

a global course which one is the us dollar interest rates it is a very important price so there will be an effect but it's also important to keep in mind that this type in us is related to a back to normalization trend is not that we have an inflationary problem or a budget problem it's a recall very few and it's best to normalization in a certain way we are moving from a point that is not so good to a point that is much better which is a normal us. implies or some awesome price volatility in we will have it down but it will not be dramatic. it was in denying these special we were happy and the years when we finish this resistance will be in. dallas and. everyone's all doom and gloom about the us because i also spoke to alberta citi

bank for a month he was equal to mystic about situations state size but hopeful that the situation there would. be something that you're burning very closely. but you also looked at the gas that you in the us. story doesn't look good the price of money and the price of. being the most effective never make it and that's not going to get very strong about the coverage of the u.s. market i don't think this. could be so i think it's risk looking at. president obama has even had to counsel his shadow trip to indonesia the situation als he was expected to attend the apec summit in body of goals that all of that i caused in the head of russia's second largest and of a who will be in attendance spoke to me about me about russia definitely last year i think i did defy itself as one of the leading. nations.

pacific region and i think from this point a few as you know since that time since september last year with a lot of decisions inside russia to develop the region and they include the government investment in this with structure they include the special tax regime for business so chill the seriousness of russia which developing this region developing relationship. with the region so mr which of these i mean these events of the summits which there are a few words rest of the business community you again speak yeah about russian policy about this so i think we continue to play a very important role russia in this process and do we want to use the. the still thousand growing market. for realisation of development so as i said russia is very much focused on this region

we are still part of the euro but we also part of the asian pacific region we're going to talk about corporate news that will suspected now as think that russia's diamond giant. to sell an over one billion dollar. offering the company fast is not the percent of most of the shares being put up as a card in state and out of seven percent in value after the i.p.o. is announcement. high end russian supermarket chain as. is eyeing the baltic market moco stores in the outskirts of most. oh and good news for caviar lovers the price of russian red caviar has finally stopped growing in the summer the price jumped seventeen percent that was due to low yields in the name caviar producer in russia. and now we're going to check in with mr

thomas and see what he's been up here with his ten thousand u.s. dollars he was given it ten weeks ago was he out to you now all right shoulder lou . ok he's not brag clearly so let's go find out where he is. you. know when here this is very strange very suspect what is going on oh ok this would explain things here we go guys a fake i hope your family by the little show and i did mission lights but i would have a look at what you've been up to maybe over here because you've been doing really really badly i know i've heard it all ok here we go so he did invest into finances he told me he was going to bring the shares are up maybe three percent which means he's managed to get a around two hundred fifty u.s. dollars about a year and that brings his total up to nine thousand five hundred ninety three which means he's close to breaking even as a joseki for

a little bit better than. i can back and it's another controversial week for the to moche as wells of the big corps in the online marketplace silk road was closed down this week and the f.b.i. seized three point six billion dollars worth all the virtual currency silk road allowed uses to trade in illegal drugs that required the use of the big quite as a consequence of value of the big quite prominent more than one hundred forty u.s. dollars the founder of the verge of currency claim that plenty of illegal practices have been carried out using the us dollar the british pound the russian ruble or any other global currency in the old days when he demonstrates is that the coin can be used illegally or legally of course. for today is a french cap so i will indeed be back next week same place same time to excuse me i'm going to go see how this time this is day and i'm going to go for him some

grapes and since he had lots of nice. recently the ministry of internal affairs of russia declared that they're going to dress to 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 they were looking for a criminal of slavic origin in uganda when the police be wrong to stop me due to 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 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. the olympic torch is on it's a big journey to such. one hundred and twenty three days. through two thousand and nine hundred towns and cities of russia. really fourteen thousand people or sixty five thousand killing. in a record setting trip by land air sea and others face. olympic torch relay special coverage on the.

my name's daniel bushell chemical agents or red lines except critics say when the us uses them on a full greater scale coming up one in three u.s. servicemen permanently disabled an explosion of birth defects they don't even have medical terms for. and an f.b.i. whistleblower ties america's grug epidemic to the highest levels of government. office was used to watch is definitely without a shadow of a doubt

a chemical weapon u.s. troops report told us to use white phosphorus in civilian areas the chemical nicknamed whiskey pete by the u.s. army is banned as a weapon the toxic substances agents you know see through halt and blooms of anyone in the vicinity so i'm of the time offices in iraq described firing the chemical of people in a process they call shake and bake. we fired shake and bake missions using white phosphorous to flush them out. again and again sending burning white phosphorus like all shaken back into the buildings documentary of the hidden massacres as it's obtained this footage of u.s. forces firing white phosphorous into residential homes after the attack the area and anyone in it is simply disappeared the golden reports the pentagon lied and denied using white phosphorous as weapons until the evidence became overwhelming who's a mahmoud live for us ok patient of iraq operation desert storm in ninety ninety one.