>> "bbc world news" is presented by kcet, los angeles. funding for this presentation is made possible by the freeman vermont, and honolulu. the newman's own foundation. the john d. and catherine t. macarthur foundation. and union bank. and "bright star" a new film by jane campion.

>> at union bank has put its strength to a wide array of companies from small businesses to major corporations. what can we do for you? >> he was a dreamer -- >> i was floating above the trees. >> she was a realist. with every." -- every word he wrote inspired the romance that would live forever. >> i get anxious i don't see. i must warn you of the trap door walking into. >> "bright star" from "campion. >> now bbc world news. >> welcome to a special program on the aftershocks of the global economic meltdown. one year since the collapse of lehman brothers, world leaders are saying there is cause for optimism. >> we still have a long way to go.

but there is little debate that the decisions we have made and the steps we take helped stop our economic freefall. >> is he right? we have the global picture from our correspondent in europe and across asia. our other main headlines -- iraq's shoot report is released and claimed he was tortured in jail. fixing zimbabwe -- the country is slowly on the mend, but leaders are feuding. and, he took the baby out of that corner. a tribute to patrick swayze. >> this time last year, the world was teetering on the edge of a second great depression.

americans had decided not to save lehman brothers. ben bernanke is a cautious man who chooses his words carefully and says it's very likely the recession in the u.s. is over. in one minute, we will hear from bbc correspondent across the globe. [audio difficulties] >> a day after scolding wall street, the president is trying to sue the main street.

[audio difficulties] >> you work hard, you meet your responsibilities, you deserve better than the attitude that has prevailed in washington and wall street and sometimes in detroit for far too long. an attitude of values well over work. >> easy enough to say, but harder to deliver. but this might be a sign things are improving. this -- a [audio difficulties] >> from a tent -- [audio difficulties]

the technical and to the recession. ben bernanke said is that -- said it is uncertain how fast recovery will be. to the armies of unemployed, that is bad news. barack obama said his job is to get everyone a job. >> i'm not talking about just any job, but [audio difficulties] >> the world's biggest economy is growing again, but it will not feel like that to the people

in this country for some time to come. >> i believe we can now go back to the white house. >> i do apologize for the loss of communication. we were talking but that the white house and wall street today, what the financial situation is looking like. let's go to our man at the new york stock exchange. when you think about what it was like when you're ago, the panic on wall street, compared to the mood -- [audio difficulties] >> [audio difficulties]

over time, that has had the effect of calming down the markets. credit markets are still not working perfectly. i think we heard that -- but you're absolutely right. the mood here today is -- [audio difficulties] >> you have told us a lot about plans to reform the financial institution -- [audio difficulties] >> there is a great international will to agree on some measures that can be used

-- [audio difficulties] there is agreement and will be agreement among g-20 countries that those measures are needed. in the united states, a lot of them are still bogged down in congress. where you might see some disagreement in pittsburgh at the g-20 said it is on this project on the g-20 summit is on this question of bonuses. we have had suggestions by the fresh -- by the french president about limiting bonuses significantly. i think there is a feeling that you cannot be that prescriptive and if you have to work with the financial industry as president obama suggested to come up with measures -- or to have some sort of clawback provisions if companies start to make losses again. that in particular is one where there will not be agreement at

the g-20 summit. >> thank you for that from the new york stock exchange. [audio difficulties] especially relations with china -- that has to be the most important bilateral relationship and will report on how that is looking as well. >> many thanks. stay clear of the lightning china was one of the first major economies to feel the pain of the global slowdown. millions of factory workers lost their jobs as western consumers stopped buying chinese-made goods. beijing launched a stimulus program of $566 billion. has that been enough to keep the economy going? we have this report. >> on the banks of the yellow

river, china's government is trying to solve an age-old problem. every year, the loss -- to the north of the country faces a drought while the south that's flooded. so they're building the world's largest grain. -- the world's largest drain. the middle section will be called under kilometers long. it's a bigger engineering project in the three gorges dam. they are trying to read engineer mother nature. in five years' time, billions of cubic meters of water will head south. china is careless and single- minded about these grand projects, but the jury is still out on whether this will actually work. there is no question about be released this is bringing to the chinese economy. the project has been on the drawing board since the days of chairman mao, c -- says the

chief engineer. >> [inaudible] >> work started before the financial crisis, the government house record-breaking stimulus program helped things along. >> china has been undergoing huge growth in the last 30 years. that is why we are capable of such big project. they benefit people and workers also. there are over half a million people employed either directly or indirectly on this project. >> across china, it is thought that extra government spending has created 20 million jobs. >> they have given a shovel and a small paycheck to a lot of people who were assembling barbie dolls and laptops. that has helped.

it has stopped the rise in unemployment. if you look at the data, this is the only major manufacturing economy in the world where factories are adding staff. but that does not mean the problem is gone. it's just not getting worse. >> behalf chin>> china already l in the ground, so there are enough projects to keep that the economy powering along. >> in britain, the economy is slowly emerging from its deepest recession since world war two period with an election next year, there is a bitter political battle about how deep the cuts to public spending need to be. speaking to union leaders on tuesday, gordon possible to invest and reduce costs. >> we made the right choice to support the people where banks have failed to do so. and we're doing the right thing now to make sure that for the future, as we move into full recovery, we will invest and

grow with public finances that are sustainable. we will be cutting costs for rican, ensuring efficiency where needed, agreeing to realistic public sentiment throughout, selling off unproductive assets we do not need to pay for services we do need. >> written's prime minister there. while the financial crisis left many countries reeling, india has proved impressively brasilia. although exports were badly hit, consumers cut spending to the worst of the downturn. the mood in mumbai is upbeat. >> one year ago, and the apostle commercial center for devastation and much of its commercial business. one year later, commercial spending is back. turnover and prospects are better than everyone feared. most businesses have bounced back carrying -- bounced back.

they rely on markets like diamond processing and a severed at the for months. nine tense of all the world's diamonds are processed in mumbai. one-third of the million people who worked in diamonds across india lost their jobs. international demand is way down. but the indian market is now even stronger than before the crisis. >> [unintelligible] >> in the back office, this man runs his own small i.t. company with a contract to design software for a diamond company. one year ago, he was struggling to keep his business growing and prospects were bleak. >> [unintelligible]

>> let's remind you how pessimistic you wore this time last year. compared to one year ago, he has new contracts and 15 staff. >> from the last six months, things are doing really good. that is increasing the employment around. six months from now, we will see a good business. >> central to india's remarkable resilience has been two things -- first, the government stimulus measures that put money into people's pockets. second, the longstanding refusal de-regulate the financial sector. now it is seen as a wise and prudent reluctance to follow the example of the u.s. carried by and large -- by the u.s.

it has not slowed the lifestyles. >> stay with us if you can. still to come, the rest of the day's news, including -- he was tortured for doing this. the claims of iraq's shoe store on his release. -- issue for a war on his release. the financial crisis began on wall street, but no corner of the planet has been untouched. growth has slowed significantly in many countries. our reporter is in the capital of canada. >> the collapse of lehman brothers signified the beginning of a real crisis around the world. the contagion spread from wall street financial centers in europe and eventually asia. the question is, how hard was the poorest continent hit? africa. i'm joined by the editor of the influential business daily

newspaper here in kenya. how hard was africa hit? >> it is a mix here. by and large, africa was spared the first wave of collapse in global financial institutions. but there were a media [unintelligible] because the consumer in europe and north america who constitutes the tourism source to africa, that immediately disappeared as people lost jobs and income drops. >> the prospect for aspirate -- for africa's features are next? >> prospects are mixed. what is going to happen is the african economies, the ones that are dependent on mineral resources like the condo -- like the congo, when the economies of

the west recover, and every new their business, there recovery might be very fast. but for economies like kenya that are dependent on services like tourism, it's going to take more time before tourists have the confidence to come back. >> one main headline -- one year since the collapse of lehman brothers, the chairman of u.s. central bank says the recession is very likely over. other global news -- the iraqi television reporter who threw a pair of shoes in protest at president bush claims he is tortured in prison. muntadar al-zaidi was released from jail today. he served nine months for that offense. we have this report from baghdad. >> freedom for the shoe store.

-- the chute thrower. at the baghdad television station where he worked, he was welcomed as a hero. he hurled one, then to shoes. at president bush last year. this little known journalist became an instant celebrity around the world. he created a new form of protest. president bush, on his farewell visit to iraq seemed to see the funny side. iraqi security guards dragged him away and the 30-year-old journalist screams could be heard outside as he was beaten up. speaking after his release, he said the mistreatment continued to the next day. >> i was subjected to the most hideous kind of torture including electric shocks and beatings with metal cables. the next morning, i was taken out, handcuffed in the cold

after being soaked in cold water. >> people were walking across the arab world where he has been idolized for his defiant message to the former u.s. president. offers of marriage, houses, and cars have poured in. but there are skeptics also. >> i thought it was completely wrong, this egyptian woman said. this was a president, and even if he has done something wrong, we cannot respond in this way. this poster outside baghdad television station where muntadar al-zaidi works, talks of them being a lion who protected the country. not everyone in iraq sees them as such a hero. but the iraqi government now has to answer questions over how it treated him while he was in custody. >> a un investigation into the conflict in gaza has found evidence both sides committed

war crimes. the israelis by shooting civilians, carrying white flags, and shelling a hospital and the palestinians by launching rocket attacks on civilian areas. the leader of the inquiry says it could end up before the international criminal court. the fbi has one police the arbitron the u.s. to be on the lookout for evidence of homemade bombs. this follows raids on several new york city apartments. and-terrorists police said they were hunting for explosives and links to al qaeda. there has been a sharp rise in a number of babies born with birth defects in beijing. there is some concern the increase is linked to environmental pollution. many experts insist it's because more cases are now recorded than before. in zimbabwe, the movement for democratic change told the bbc political violence is still up 12 months after the power- sharing pact was signed. feuding is still undermining the deal.

it raises fear that a deal cannot last. our african correspondent that this report from ari. -- from a harari hit. >> they are digging up old pipes, trying to fix the collapse and the structure of zimbabwe. >> [unintelligible] >> i was here one year ago and a difference today is a remarkable. there is no more hyperinflation. people do have a little bit of real money in their pockets. so the economy has stabilized, but politically, it is a very murky. this was the handshake one year ago designed to end a violent political power struggle. on the ground, activists fear not much has changed.

he was beaten and five friends were killed by the president possible illicit -- militias last year. >> [unintelligible] >> those tensions threaten to tear the unity of my part. >> for this government to work and succeed, and as long as they are arresting people, we're not going to move. >> i don't think anybody anticipated it was going to be a smooth ride all the way. we're going to have challenges and difficulties, but i think there is sufficient amount to an inclusive government to make it work. >> perhaps. in the meantime, more outside help is beginning to flow into zimbabwe. money for school books. britain is still can't -- is

still cautious about getting cash to the government. >> we believe the formation of this coalition government presents an opportunity to move the country forward. we will assess how much further we go with our assistance in the light of how the global political agreement is implemented. >> so, some real progress this past year. zimbabwe is not out of trouble yet. >> the actor patrick swayze has died at age 57 of cancer. he starred in many hollywood blockbusters. but it was his role in "dirty dancing" that made him a legend and set the template for many woody parting minutes -- many a wedding party routine. >> ♪ now i have had the time of my life ♪ >> patrick swayze had it all,

the looks, the moves, from johnny in "dirty dancing" to "north and south" and onto "ghost." "people magazine" voted him the sexiest man alive. but he found fame difficult. he drank, he chose a very different roles, but throughout, he did keep working, even when diagnosed with pancreatic cancer. but one film stands out. dancing was what he had trained to do before he turned to acting. "dirty dancing" was the role of a lifetime. >> nobody puts baby in a corner. >> 10 years ago, there was the 100 plus club. women that had seen it in theaters over 100 times. >> more than 20 years later, he is still an inspiration.

>> he made dancing sexy. he made it masculine. >> heavy seen that film? >> of course i have seen that film. show me one dancer in this room who has not seen that film. >> i watched it sometimes when i was a kid. i had the pink dress and i would [unintelligible] >> against inspiration, then. especially for the man who has taken on the role on the west end stage. >> suddenly, it was cool for me to be a dancer and a former actor like that. it broke down barriers. >> patrick swayze, the son of a dance teacher and a cowboy, a good-looking tough guy who really could sweep a girl off her feet.

♪ >> i'm not more about ". break." patrick swayze debt at the age 57. a reminder of our main use, ever -- one year to the day since lehman brothers went under, causing a global downturn. ben bernanke said is is very likely the recession in the u.s. is over. in this program, we have heard confront -- we have heard from correspondents around the globe, from china were a massive stimulus program in place and to india where their economy is growing -- >> "bbc world news" is presentedfunding for this presentation is foundation of new york, stowe, vermont, and honolulu. the john d. and catherine t. macarthur foundation. and union bank.

and " the bright star" a new film by jane campion. >> union bank has put his financial strength to work for a wide range of companies, from small businesses to make corporations. what can we do for you? >> he was a dreamer. >> i was floating above the trees. >> she was a realist. with every word he rode -- he wrote, inspired the romance that live on forever. >> i must warn you -- >> "bright star" from jane campion. campion.