that was right the capitol i'm going to believe is all ten so i thank you for your company now this week the u.s. government shutdown. now i know hey guys we pay our bills as a budget. 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 world 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 u.s. economy is at risk the question seems to be about who can hold the longest obama's health care supporters all the tea party republicans meanwhile the aid is

ticking. real 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 and 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 artie's 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. opens

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 economy and 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 now that could send ripple effects on the economy with 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 can you give me an idea as to how all of this is affecting the u.s. economy specifically. overall it's negative the shutdown the shades of growth from their economy on the average where there's to me that it could shave. 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 kids. just debt ceiling so what areas of the u.s.

economy can be vulnerable that moloch is one area that is of course is one of 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 fall i have the applicants income and other things so say you and since they're government agents is shut down. operate at bare minimum banks have problems accessing this data so that could save your really slow down the mortgage insurance process and that could. very nascent. housing recovery in the states what about us treasuries say when will the pressure be felt the impact of the u.s.

treasuries is the most important financial instrument conlin 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 u.s. treasury for the health of the whole 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 a way expressing a full out of 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 no consensus no 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 are there . going to see the car the december meeting. i think we're all going to see. before

their beginning of next year and perhaps even into the first quarter of next year so this whole continues to pressure the dollar financial analyst 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's sound is stevy head of the biggest bank in austin america i'll assume that the u.s. 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 cost overturning 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 anywhere 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 these 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. as it was in denying these question we were happy and the years when we finish this resistance group more. dallas and. everyone's all doom and gloom about the us because i also spoke to alberto have them a from citibank this for a month he was equal to mystic about situations type size but hopeful that in the future. it is something that we're monitoring very closely.

but we'll still look at that that's not a window you would see to the story doesn't look to the price of money at that point so. it's been the most effective level in victory. that's done we continue to restrain about the coverage of the u.s. market and we feel that this. could be so wrong with gets results because we cannot confirm that president obama has even had to cancel his shadow trip to indonesia the situation else 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 sense of 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 in the. pacific region and i think from this point

a few as you know since that time since september last year with a lot to seasons inside russia to develop the region and they include the government investment on 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 in the summits weeks that if you were dressed for the business community you again speak yeah about russian the other so i think we continue to play a very important role russia in this process and we want to use the. good 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 the. we're also part of the pacific region we're

going to talk about corporate news now it was suspected now it's been confirmed that russia's diamond giant also passed to sell an over one billion dollars. offering the company sixty percent of it says most of the shares being put up for sale occurred in state and. seven percent in value after the i.p.o. has announced the. high end russian supermarket chain as proof. is on the ball to market local stores in the outskirts of most. good news for caviar lovers the price of russian red caviar has finally stopped growing in the summer the price jumped seventeen percent and 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 to with his ten thousand u.s. dollars he was given it ten weeks ago was he out to you now all right. lou.

ok he's not but i clearly so let's go find out where he is. now and here is this 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 do it's by let's have a look at what you've been up to maybe over here because you've been doing really really badly no i've heard it all ok here we go so he did invest into finances he told me he was going to buy 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 you know about five hundred ninety three which means he's close to breaking even as a joseki for a little bit better than the.

i am back and it's been another controversial week for the to moche as wells of that they call in the online marketplace it was closed down this week and the f.b.i. seized three point six billion dollars worth of that you can see right allowed to trade illegal drugs that require the use of the big client as a consequence the value of the client plummeted more than one hundred forty u.s. dollars the founder of the virtual currency claim that plenty of illegal practices have been carried out using the u.s. dollar the british pound vast raible or any other global currency in all this way to demonstrate is that the coin can be used illegally. for today's events caps so i would indeed be back next week same place same time savior excuse me i think i see how this time this is day and i'm going to go find him some grapes and since he had lots of nice.

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 or 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 foreign and thus different then how can you go about looking for illegals without looking for people who are different. if you were looking for a criminal of slavic origin in uganda would 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. dramas that truth be ignored. stories others refuse to notice. faces change the world right. to picture folks stay. home to from around the globe. look to. me.

my name's daniel bushell chemical agents or red lines except critics say when the u.s. uses them on a full grade to 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 grog epidemic to the highest levels of government. office was used which 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 booms of anyone in the vicinity so i'm of the time offices in iraq describe 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 they call shake and bake into the buildings to document 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 lived for us ok patient of iraq operation desert storm in ninety ninety one as well as said chemical attack on her love nine hundred eighty eight cruise and joins us thanks very much for coming on when first did you find out about him.