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tv   News  RT  March 17, 2020 7:00pm-7:31pm EDT

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daring to ask. european union shuts down its external borders for the next 30 days in a bid to limit the spread of covert 19. white house scrambles to shield the us economy from a further stock market battering over the coronavirus pandemic unveiling a huge stimulus package. and special forces face a backlash after graphic video emerges showing a soldier shooting dead an unarmed afghan man close range. wednesday morning at sea here in moscow money welcome to world news from r.t.
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international 1st then the e.u. has closed its external borders for the next 30 days germany's angela merkel announced the measure which is one of the most drastic so far in tackling the coronavirus. we have introduced entry restrictions basically an entry ban for citizens from non e.u. countries it will last for 30 days in germany it applies immediately belgium is the latest country to join those declaring a nationwide quarantine spain italy and france are also in lockdown military trucks have been filmed on the streets of paris r.t. shah to do basically looks at whether the era of free movement could be coming to an amicable. for years populists have been advocating tighter border controls within the european union which you and the national governments have criticised yet in 2020 that is exactly what we're seeing happening it all started
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with italy and border controls being imposed from people trying to leave it to lead to go into austria but since then a host of other e.u. countries have done exactly the same we have seen slovenia hungary denmark and now even germany shutting up shop saying its borders are closed shanking which is the idea of free movement within the european union to do that without passports is essentially over well for now at least. the borders of the entrance of the european union and the schengen zone will be closed concretely all travel between known european union we were counterfeiting will be suspended over the 30 days you know or you seem to be offering more stops like connections to these countries and establish controls at the swiss border just like the ones we have already implemented with italy where you're going is what order in the direction of remains closed. without
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a valid reason travelling in and out of the can through will no longer be allowed. to ban on entering the czech republic. except foreigners with permanent residence or early. all residents are going to do is life in the e.u. as we know it is over museums shops bars cafes schools have all shut up shop in many countries in a bid to pause the peak of the infection rates in france the bees which is the way that people sort of course we teach other with kisses on the cheeks has been pretty much banned people have been awkwardly bumping elbows or knocking their heels together but even that has been petering off as people are becoming more and more whipped up into hysteria that they could get contamination from just being close to another person the government's line is keep your distance from each other yet in the either this conglomerate of $27.00 countries which are all meant to be
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singing to the same tune it doesn't seem that there's one rule that all are applying even the european commission is warning that the closing of borders could actually pause supplies thousands of bus and truck drivers stranded at internal borders on parking lots creating more health risk and disrupting our supply chains if we do not take action now shops will start facing difficulties in refilling their stocks of certain products coming from elsewhere in the single market some see the idea of governments in europe essentially locking down their countries as being the start of a slippery slope even warnings that this could be a nail in the coffin for globalization as we know it the coronavirus crisis threatens to assure a less globalized world was the pandemic of panic a bates those who believe their openness to people and products from around the world is generally a good thing we need to make
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a case for it afresh and persuasive ways. and he says this could be a gift for populous parties who have been advocating this this tighter control of borders for many many years and also those tighter restrictions 19 has highlighted the downsides of extensive international integration while funding fears of foreigners and providing the gist of missy for national restrictions on global trade flows of people europe to store a cli has been a cultural hobbits bars it's cafes it's restaurants hazes of people coming together discussing and debating ideas and some fear that this idea of self isolation as we've been told to do could actually cut through the fabric of that some of also said that it will see the nation fighting loneliness as people self isolate in their homes and their apartments now in italy some people are already trying to overcome that we've seen these marvelous come together of people singing on their
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balconies as there's a sense of we're in this together oh god 'd . but the longer that self isolation goes on some say could be weak some say it could be months for many people their homes which are meant to be their safe haven the place that they go to relax and rest could become more like a prison cell future historians will remember the time 90922020 as the heyday of european global integration which came to an end free borders of free movement. inclusion etc. all of a sudden we see
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a complete this mode goes into reverse. the the consequences would be grave no question i do not expect any return to the status quo ante we would see a different view i do not expect a disintegrated europe but how this will how this will work out how it will look in . reality for example with border controls that's a completely different question dreamy days of the past with no border controls at all i see is permanently over. there stocks of rebounded from monday's blood from wall street major indexes have risen following tuesday briefing by the coronavirus task force where the trump administration still to come jittery markets with the promise of a major economic response but king industries still face the threat of collapse. because you know this is worse than 911 if for the airline industry this is almost
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ground to a halt the president wants to make sure that although we don't want people to travel it's critical we want to maintain for critical travel the right to have to most incredible by making shared sacrifices and temporary changes we can protect the health of our people and we can protect our economy because i think our economy will come back to really rapidly one day we'll be standing possibly appear will say well we won and we're going to say that sure if you're sitting there we're going to say that and we're going to win and i think we're going to win faster than people think i hope during that briefing donald trump unveiled some of the plans being put in place including mailing checks to americans congress would also be discussing a multi-billion dollar aid package to prop up ailing sectors of the economy such as the airline industry or the federal reserve is set to reintroduce additional crisis era tools in a bid to stabilize the system a market reacted positively to that news with shares jumping slightly softer
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a dramatic settle for monday when u.s. stock markets suffered their worst trading days since the $987.00 black monday crash then share prices tumbled 12 percent wiping out trillions of dollars in market value with more on the global economic situation right now here's more i guess if. unless you majored in finance everything that's happening may seem a little overwhelming what is going on why are markets melting down why a bankers whirling around like headless chickens in a few minutes with this monopoly set i'll explain why everything seems to be crashing and burning what the hell is a fiscal stimulus and why is everyone crazy about rate cuts 1st that said the pieces here are investors meaning millionaires you're middle class with modest savings your pension is here all of them have some money saved up these days you don't keep your money under your mattress you want to return it right interest
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a pretty good pension so you take this money and you put it in the banks depending how smart they are all how greedy they are they promise you x. amount of profit per month the banks then go ahead and loan out this money to whoever needs it they drive our entire economy the new hotel built in your city the new jet purchased by british airways the new hips the bar bill down the road from you your mortgage to buy your house comes from the bank so all this money goes into the economy to keep things running and here is how it runs every month these people make payments to the bank here every month the same payment goes back to the bank the bank then pays the investors the investors then put the money back into the bank this is obviously simplifying things but you get the gist of it it's a cycle it all works great while it works but then something unforeseen happens
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like a mortgage crisis or a pandemic virus clubs and pubs are to be closed along with theatres museums do sports centers and similar establishments and retailers to specific. sanctions. in all the times. we are ordering the suspension of these with the exception of very serious and our missy's selling fancy goods that suddenly mass shut down quarantine factories businesses come to a standstill people lose jobs stop paying mortgages suddenly people aren't paying the banks back and the investors the markets your pension manager they start panicking that is their money stuck potentially lost they see the news pandemic they call the bank they say they want their money out pull my money out of the
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markets out of the dow jones out of b.p. out of up all the markets crash but the banks don't have it here is where the government step in before this mass panic and a run on the banks the government say the magic word bailout fiscal relief lots of words but it's the same thing the government pulls money out of thin air the money presses and gives it to the banks so that they can keep paying investors it's all pretend play they just simulating that everything's fine by printing ridiculous amounts of money and passing it back and forth between each other the real economy the factories in the businesses these guys are in quarantine and shut down but the entire point of this little show is temporary live this illusion has to work for a little while weeks months to allow the economy to recover to prevent the banks from going bankrupt and recalling all this debt to help these guys get back on
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their feet and start paying their debts back you don't need to be a new to the economist or an economist to realize how how fickle how fragile this illusion is the collapse of the markets down 10 percent. here in the united states in new york city where i'm sitting is a clear very profound statement in. unity which is not the small people who have a few shares i'm talking about the people who manage pension clients who manage banks who are following those and so on have a massive loss of confidence in the government of the united states or in the private economy to get out of this disaster we're running on borrowed time they can't keep printing money for too long or inflation goes through the roof money becomes worthless the illusion will eventually wear off even the most optimistic investors can only live in denial for so long and will realize that banks are
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living in a dream world then it all collapses see the world up until now has been weighing lives versus the economy for all the criticism and ridicule of the world through a child that they shut down everything sacrificed their own economy to keep the virus from spreading the west didn't the west ridiculed that dismiss china's response as incompetent they tried to keep the markets happy rather than the people safe and what they got america and europe is the worst of both worlds and economy on the brink of collapse and the death toll fast eclipsing that of china. lines are among the worst affected with passenger numbers collapsing carriers are now cutting 10 to thousands of jobs and sending workers on unpaid leave.
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europe's major carmakers have also gone into full crisis mode of polling dozens of factories the tourism and hospitality sectors have been severely disrupted by lack of customers amusement parks are being closed and major sporting events canceled millions of jobs and likely to be at risk with the united states also now facing a similar scenario the editorial director of the american institute for economic research believes the effects will stretch well into the future. you know this is a calamity that's more or less manmade actually none of this is actually truly necessary but the us did absolutely everything wrong from the beginning of this crisis and you can't just issue orders from the top everybody stop what you're doing and do nothing you know if you do that you're going to bring about a massive market crash and expose every conceivable vulnerability in the system and that's exactly what's happening right now there's going to be a tremendous price to pay in the future. like economically financially
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socially culturally psychologically but also very profoundly politically because people are going to demand do be demanding answers and that 1st thing that people can discover right now is is a closer look at why the u.s. was not ready for this testing. it without say from moscow if it has been released showing an australian soldier killing an unarmed civilian and afghanistan it's our next story after this. the outbreak of the spread of the corona virus has become a black swan event for the global economy is no longer whether the u.s. and other economies will slip into recession the question now is how long the recession will last it's going to get worse before it gets better.
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the world is. shaped by. the day or thinks. we dare to ask. again graphic video has been released showing an australian soldier shooting dead
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an unarmed afghan man at close range the disturbing video which we're about to show you an edited version that was obtained by australia's 4 corners current affairs t.v. show. not. quite . stop. i am deeply disturbed by what has been aired in tonight's 4 corners report where serious allegations are raised australians would rightly expect their 3rd league samant or a.b.c. which as the 4 corners show says an official investigation by the australian defense force ruled the killing was justified as self defense over the video appears to show otherwise the killing is one of a number of cases uncovered by 4 corners of the australian defense minister now says he backs an inquiry into all claims of wrongdoing by special forces in afghanistan and 2017 a former defense lawyer leaked the so-called afghan files the documents alleged war crimes by australian soldiers among the claims of the mistaken killings of
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a father and son during a raid as well as the killing of an afghan detainee and the mistreatment of others a prime backer from the anti war answer coalition says claims of war crimes are becoming a daily occurrence for the australian special forces. there's no doubt that this is a demonstration work right there's no doubt about that whatsoever the australian military again is is involved in a criminal cover up the fact that they're shooting people while they're lying still on the ground and they recognise that a camera may be capturing these were trains and they do it anyway shows how absolutely routine killings like this are in the field they are gauged in routine i believe routine out work crimes and crimes against humanity and they know that their bosses their superiors in the chain of command are perfectly ok with that they appear to still be ok with it even though the video completely
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contradicts the assertion that this was in self-defense the. united states. withdrawn its troops from the base in iraq one of 3 that it plans to vacate it comes after the baghdad government wrote to the un condemning american strikes against the iranian backed militia which the white house blames for a rocket attack last week which claimed the lives of 2 american servicemen and a british soldier. this is deemed an aggressive acts against the people government and state of iraq it's a flagrant violation of the conditions the american forces in iraq as well as a dangerous escalation that's meant to make iraq an area for the regional conflicts and agendas we are in iraq to support the people of iraq in their fight against isis however we always reserve the right to defend our forces whenever they're attacked or threatened i'm out of the 113 coalition troops were killed and 14 wounded after an attack on the military base in response the u.s. conducted strikes on 5 warehouses belonging to local militia baghdad claim that 5
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iraqi soldiers along with one civilian were killed jamal wakim who's a professor of history and international relations says the united states states advantage of in a division to stay in iraq as long as possible. well the problem. is and the american occupation under same time the divisions among. the has been dominating the country out there the american led invasion. so these vertical divisions are along sectarian lines. by. damage national unity and at the same time the americans capitalize on this and all the alliances that's going to be that and. in addition to dead alliances with many. others so i believe the americans are trained
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to. cut it open wide and rule in order to stay in it are in spite of all. many colds by the it occupied element and by like it archey. on the americans to whittle them on the car. china is expanding journalists from 3 american newspapers it's the latest step in a tit for tat route one comes off the president trump and posed a limit on staff numbers and 5 chinese media outlets operating in the united states . in recent years the us government has placed unwarranted restrictions on chinese media agencies on personnel in the us it has that for expose the hypocrisy of the so stolid advocates of press freedom china edges the u.s. to immediately change course should the u.s. choose to go further down the wrong path he could expect more countermeasures from china. we're following the latest announcement reporters from the new york times wall street journal and washington post will have their press credentials revoked
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those 3 plus the voice of america and time magazine will have to submit detailed information on their staff and their financing in china and this dispute goes back to february when the united states labeled 5 chinese state media outlets as foreign missions china later expelled 3 washington post reporters over an article entitled china is the real sick man of asia and on march the 3rd president trump imposed a cap on the number of staff at chinese news organizations working in the u.s. secretary of state my pompei was condemned the latest move from china. they continued to take actions like that when you see today where they deny the world the capacity to know what's really going on inside of their country the individuals that we identified a few weeks back or not media they were acting here freely they were part of chinese propaganda it was a false now than life to joseph gregory my own who's the executive director of the international center for advanced political studies welcome to the program now with
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a caveat of compared to everything else that's going on right now how significant is this latest dispute between the u.s. and china. i think it's very significant in so much as it signals that instead of cooperating to help get control over the global pandemic as well as the economic consequences they're going to continue fighting with each other. inescapably the coronavirus comes into every conversation just when referring to a president trumps repeatedly used the term the chinese virus despite protests from beijing is refusing to back down on that saying i have to call it where it came from that it's a very accurate is that kind of language making matters worse. it is and you know i think this is a recent development of course the is something that's been happening for some time in american media. there have been some very well documented cases for example in
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president trump's favorite news source fox news that persist in calling it the china coronavirus but he appears to really have started doing this after the spokesperson of the ministry of foreign affairs in beijing. seemed to indicate some support for one of the conspiracy theories that this virus was engineered the united states was an attack against china going back to these new measures from china they specifically target reporters for the new york times wall street journal the washington post and donald trump's not exactly going to shed many tears over that with those particular news organs why do you think the chinese have chosen those 3 in particular. well there's been long standing tensions with the new york times going back to the 4th generation of leadership prior to shoot and pings taking power. and i think in the case of of washington post a new york times in particular these you know are traditionally longstanding. big
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voices in the media but they've also taken very critical positions of china in recent years and there's a there's a broad perception in china among a lot of chinese journalists who are not naive who aren't. ideologues who work in the international journalist circuit who believe that these even these leading. western press is like. the new york times and the post. haven't fared unfairly characterize china so i think i think on the one hand there's a there's a desire to to. punish these these outlets in particular for what they perceive to be long standing affairs reporting but also because there are there won't be much sympathy perhaps in some corners of the world when it comes to these 2 especially new york times and washington post but also wall street journal and wall street journal especially because of what happened with that sick man as asia editorial that so many found offensive and it's not racist last month or so
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washington's previously accused beijing of muscling journalists but then went on to limit the scope and reach of what chinese media outlets can do in the united states there is a sense that just because you don't like what they're reporting that therefore you know going to play by the same rules isn't that. well you know some people think that there is sort of a contradiction at work here the that as your previous segment noted the united states where i think is the is the chinese noted that the united states for years has trumpeted the free press and 1st amendment rights but the fact of the matter is the fundamental logic at work here and the reason why there isn't really a contradiction is that this is really the logic of decoupling this is really the logic of you know cutting ties but also the reciprocation that take place on a regular basis especially between united states and china when it comes to you do
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this i do that so in a certain sense all this is normal but at the same time it appears to be a dramatic escalation at a very sensitive time and i think the cost will be very substantial on both sides and unlike we've seen the end of a psych a fanatic for that life from memphis joseph gregory mahoney executive director of the international center for advanced political studies thank you on the program thank you. ok that's news to find out thanks for watching next meet the russian bodybuilder pushing herself to the max and breaking down stereotypes to be the best . join me every thursday on the alex simon show and i'll be speaking to guests of the world the politics sports business i'm show business i'll see you then.
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trade and investment to become magic spells to come get you cannot make development . most people think about trade they think about the goods and services being exchanged between countries and the investment chapter of a trade agreement is about something very different but won't when investment leads to toxic manufacturing that destroys sacred sites all ruins the environment. that means if local communities that are being poisoned if they object if they do anything that the company feels is interrupting their profits they can do a service no multinationals are taking on the whole nation philip morris is trying to use i.s.t.'s to stop tour of the way from implementing new tobacco regulations aimed at cutting domestic smoking rates a french company sued egypt because egypt raise its minimum wage democratic
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choice of a trump. joins us as we try to find don't want to. the world is driven by shaped by one percent of those great. no dares thinks. we dare to ask. him.

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