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tv   Venture Capital  RT  January 18, 2014 11:29pm-11:46pm EST

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mr dawoud all's well because he ruffled. feathers this week by war they that the u.k. could be forced to quit if the organization does not reform and here is what the chancellor once exactly the main points now he has been frustrated by what he sees as the storing of the free trade deal between the e.u. and the us by e.u. lawmakers themselves and their job is being shown up by economies like china and india now the british public will get to decide in twenty seventeen in a referendum if they want to continue as a member of the e.u. now the main sticking points for the british people are immigration social security and interference from brussels in british law especially when it comes to human rights now the czech republic is in a similar situation to britain in the fact that it's in the e.u. but it doesn't have the euro as its national currency so it also for the president of the country applecart
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a forum what he makes of osborne's warning. moralists grevious such a statement the issue is whether the a bill to make a change no adjusts course my think changes but the fundamental transformation of the economic social political system i am rather skeptical in this respect so so i think that to create to leave the e.u. is definitely gonna lead you to make a super eighty four countries like very very czech republic or. any other that my position. another person would be there i believe. that the british conservative politicians i mean it seriously. i'm afraid knowledge so you say oh that's another story well if indeed they all serious and they a full much town and prime is so merriam on say who is also here most keen
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supporter of both the e.u. and the yarra he said the brits in leaving would effect the progress of the reforms which he thinks all necessary. walked by seeing europe does leave these lower economic reforms. agreed to lower the role for markets for competition in markets more market built in the square and the bar of the seas the good news for you the sleaze for the for you this we've heard over the reform of office in europe sold. as an italian as a european i do we should do your case to ease the not in the i'm not but that and if it does not alter the whole reform will see new rope will be less rigorous bob mr colson who is a self-confessed giri skeptic has a fairy different attitude to mr monti and doesn't the same two couldn't sons about
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brits and even or indeed any other nation for that muscle. i'm absolutely sure that it's your existence or your existed six countries then it is mine the country is then this is that of countries then fifteen and twenty five twenty seven twenty eight all the time the idea of all is that that's ok so why in order to have means that those twenty eight twenty six countries are possible now while we had mr osborne grumbling about the e.u. hilmer downplays smiling at total to totally transform the u.k. fracking industry now the front company will become the first international heavyweight to invest in the. basin injecting full eighty seven billion dollars bob environmentalists will that fracking is dangerous polluting advocates say it makes energy more affordable creates jobs and cuts consumption of coal this could have
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a look at how it's started so we can see how the environmental issues come into a case of drilling. deep deep into these gas rock she wore than a kilometer down into the grounds then we have the chemicals that come into it what is mixed with sand and water as well it's intense rays into these show gas intense pressure is what this does is it opens up these fishes and this is where the contamination comes into and how the water can be affected just so. the pollution is well concerns too that's how what now i spoke to from the wall group she was here in moscow as well she was for a month she has had to discuss climate change in the environment so i also talk about the potential dangers. there's a lot that we don't know about the methane impacts of fracking and so on has to be
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properly understood and properly accounted for because resign is a forcing emission that makes it makes global warming can foster. but i think the issue really is depending on the geometry for some countries to have the water necessary to go to the fracking for others they don't so for countries this and some countries this is an option for other countries it's more difficult i think the big question for the industry i've ruled is is the short term or long term phenomenon already you're beginning to see the productivity of the fracking sorts of reduced which would indicate that perhaps the reserves aren't quite as large as everybody wants thought they were going to stay with all of a gas in russian corporate news because it seems that russia is the latest come true to be jumping on the back a bandwagon yes because so i guess from that started testing the shelf it had sort of a bottle formation in russia is what's inside the area above all it's believed to have the largest shale formation anywhere in the world successful because the
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shareholders will make a decision about moving to a large scale development in the region. the russian financial p.t.b. group has severed ties with credit rating agency fitch ratings it accuses the agency of a lack of professionalism of using the ratings without access to internal documents all financial reports he's raising most recently downgraded to a triple the i'm talking of russian banks in vest a bank was created to almost sort of capital when it had its license revoked a month ago that bag reportedly already have all as much capital as it has it's. now what has unified the global leaders is tax evasion for decades the rich has been storing back millions and billions in tax havens to avoid huge tax. up until the financial crisis erupted push it competitions up well they didn't seem to pull that actually about false forward five years with
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a recession national coffers in desperate need of a fed up types of asian is now a top priority for the entire world especially beating economist jeffrey sachs on the problem of tax havens which he says is a scam to the system but we start to talk about the lessons that haven't been learnt from the financial crash. wall street the same games are being played as before the same financial speculation of the political power of these for us remains intact which is amazing because even you take a forum like j.p. morgan almost every week it pays you fines on. actions of financial fraud illegality but this is week after week after week it shows that it was. often are under it wasn't doing anything illegal because it's paid so many fines it's done so much work hard and yet it's still so politically influential and not just that one
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but wall street as a whole so i'm not at all satisfied our system in the united states is a quite corrupted political system corrupted because our politicians need to work together to spend our total billions of dollars on their campaigns every two years cycle now would major and two year cycle at the federal level of the united states and maybe six or seven or eight billion dollars well if we're the politicians getting that money they're getting it from rich people and from big companies and they're not getting it for free oh they're getting it because they're listening to the rich and to the corporations not to the needs of the average person of the population let's talk about tax evasion because the global community has come together on the mind of various regulations to clamp down on net specific cam talking about swings then saying they're going to be giving information finance
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banking information to us or. to his own citizens that when he sounded nice enough being done meant to clamp down on tax havens i think that did the world is waking up to the scandal of the international tax situation in these tax islands or to. treasure islands as they're called the british virgin islands the cayman islands bermuda this is a shocking abuse of the global trust why are there trillions of dollars in these little i once well of course this is to evade taxes but this is to evade responsibility this is to evade legality and who creates this not those little islands but to the u.s. government by your proving these arrangements with the u.k. government because after all these are british territories and i believe that these are abuses that need to stop them not only exchange of information that's not
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enough but stopping the abuse itself of letting a very very rich people from the united states or europe or mega companies like apple like apple or google take their profits and instead of paying the taxes that they should pay as decent citizens put the tax free in these tax havens with the approval of the politicians of course who get the tax who would use this to generate campaign contributions so this is a scandal a system that really needs to stop not just some exchange of information there's been a little progress but we have a long way to go because it's estimated that there are maybe twenty trillion dollars of assets booked in these tax havens around the world that's an abuse of the public trust now as a right for today's frenzy capital and i'm going to be having to see for the economic forum and next week i'm going to be covering the event live all the nice
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for you i'm also going to be tweeting about it we love hold it like to have a i sense a joy to me on that one but meantime i have a great great if i. i know. tanya. well tell me how you are my little grandson. i don't like i don't like. being cut off. except it isn't. that the spiritual side is destructive. and i try to convince her and try to preach that it was a sect but it's dangerous that she had to leave it was
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a study she had lost her mind. you know you she will come back i know it was and i will wait even if it means i must wait until my dying day. to speak to language. programs and documentaries in arabic it's all here on. reporting from the world talks books fifty yard p. interviews intriguing stories for you. in trying. to find out more visit arabic don't teach dogs called. there's a medium leave us so we leave that maybe. by the same motions your. father your party there's a bill. for shoes that no one is asking with the guests that you deserve answers
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from it's all on politicking only on r t. right to see the. first strike. and i think that your. orders. in the. law for most of us aussie international thank you for joining us as the arctic ice slowly melts more nations are calling did so in its natural riches with a massive oil and gas reserves hidden under the polar sea bed it might be tricky to
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agree upon how you actually go about dividing them all. looks at this rather thorny issue. melting ice caps in the arctic have ignited a military build up over the world's smallest ocean and the riches buried beneath it the arctic circle is believed to contain thirty percent of the world's undiscovered natural gas and fifteen percent of its oil the future of the world economy to some extent is dependent on the arctic and i think you know russia and canada the united states and norway and denmark are very interested in exploiting these resources last month canada abruptly claims that it owned the north pole while the united states with its alaskan outpost has plans to boost its military there claiming it lacks operational experience and needs to police the thinning ice as it's replaced by fuel filled maritime traffic but that's not all i mean.
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actually u.s. submarines are deployed not too far away off the norwegian coast it would take us missiles sixteen to seventeen minutes to get from there to moscow so we really hope that with all the things that have been happening in the world over the past few decades we put the cold war confrontation behind us in all five countries bordering the arctic sovereignty rights to resources within two hundred nautical miles of their territorial waterways but a growing op a type for a bigger slice of the pie is what many fear can inevitably spark a twenty first century cold war in the frozen water there are also unexplored resources that we don't know yet to which country belongs which could be of course of interest to many countries i do think that. smaller things could spark both tension and maybe more tension that we would like to see you know port r.t.
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new york. and when it comes to trade a sea route through the arctic is certainly an attractive shortcut from russia and europe to asia. i see. such a journey could take just twenty two days that woodson elash the transport costs that's almost twice as fast as a southern route through the mediterranean and across the indian ocean christopher parry is a strategic forecaster and former british naval officer he thinks disputes are unavoidable in the race for the arctic where i think we could have some disputes is there a number of other interested countries such as india china korea japan all getting very interested not just in the northern sea route but also in the resources that exists up there in the arctic already the chinese are operating in greenland to places like that and i think there will be a scramble by some of the other countries for some of those resources when the ice does recede to you're not just going to hurt the northern.

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