markets i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around.

well he has changed the nature of the industry and remember that when he first bought the times of london and the sunday times there were all of these predictions that he was going to turn them both into a scandal sheet and i think by any measure both the times and the sunday times are still very good newspapers i don't think he's run those newspapers there was the same protection when he bought the wall street journal several years ago i think the wall street journal is still a very good newspaper people have been underestimating rupert murdoch for forty years and i think we underestimate him at some peril if we continue to do so in this case there are predictions that the deal for sky broadcasting may fall through i won't be so quick to make that pronouncement we'll see how this shakes out i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around he basically there are people who will say that he saved the news

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalist kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children assigned flee we've seen criminality and in various.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry in london because of the whopping revolution in one thousand nine hundred six but now it's clear that success came with a heavy price tag morality.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors who turned that around. basically there are people who will say that he saved the newspaper industry in london because of the whopping revolution in one thousand nine hundred six but now it's clear that success came with a heavy price tag morality murdoch's journalists kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children essentially we've seen criminality and invasion of privacy on a staggering industrial scale not even the rich and powerful could escape then chancellor gordon brown's baby was flashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the ha. out of the police force senior police officers were bribed by journalists for to ports on sensitive investigations private lives

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of londonthere are people who will say that he saved the newspaper industry but now it's clear that success came with a heavy price tag morality murdoch's journalist ken.

market i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london there are people who will say that he saved the newspaper industry but now.

times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry and london because of the whopping revolution in one thousand nine hundred six but now it's clear that success came with a heavy price tag morality murdoch's journalist kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children a century we've seen criminality and invasion of privacy on a staggering industrial scale not even the rich and powerful could escape then chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed by journalists for tipoffs on sensitive investigations private lives were made public now we've got. to be some hacking into gordon brown's private life you have to so you have to stop what else is in of course the heart of it is not just. what we call blanket these are people. information what should be private sources like medical records tax records it's taken thirty years for the worst fears about the british press to come true but come true they have murdoch may own successful newspapers in an ailing market but their papers which have lost their greatest asset the public's trust the u.k. has more c.c.t.v. cameras per person than anywhere else in the world i've counted eight just in this small car park so britain's always know big brother is watching but the question now is what's big brother watching for and more importantly who's trying to bribe him you are at it r.t. london. i want to get you know you can have your say on the scandal on our message board at r.t. dot com now the question is has rupert murdoch's son station and listing rush for profits undermined the public's trust in british journalism so have a look at the stats now and see what some of you are thinking the one of you believes that this has jolted the public's trust and will result in the breakup of my daughter stranglehold on both the british media and the government and other believes that modern journalism has sacrificed objectivity for the sake of saying also want to have your say on the issue right now to talk. all the same credit rating agencies that sparked fresh panic in the e.u. is now threatened the u.s. says it's reviewing america's top aaa debt rating for a downgrade citing the political bickering that's deadlocked the budget talks in washington and even if the budget is approved unlikely that a bill of a solution to america's debt that's according to investor co-founder of the quantum fund named jim rogers u.s. rating should have been downgraded years ago you know i don't know why they're just now getting around to it but we know that the rating agencies don't have much of a clue about anything moody's is trying to save itself why didn't they tell you great portugal three years ago five years ago or greece you know they're just getting around to reality it's like the sub prime mortgages they didn't downgrade anybody until it was already over they had many people that were going bankrupt right it is aaa something will happen they will announce some kind of deal it will look good on paper and maybe they will even be good for six months or so they have to increase in ten ceiling for the moment there's no question about that their choice though for the future is they've got to take an axe you know they've got to take a chain saw to government spending and do something about it they're not going to do that they say they're going to say they're going to do it and probably should be very worried because america's situation is dire and our debt is going up and we are a guarded climbing standard of living is going to get worse we should be worried about that. and over you also heard from american economist and radio host richard wolffe he says that the u.s. economy is in a really serious trouble and the political deadlock over the budget could make the situation the balance the american government can't pay its debts for a few days and that's the most that will happen it will do a very bad job on diminishing the credit of the united states in the world economy at a very dangerous time to be brutally honest neither side neither the president the democrats nor the republicans are facing the basic issues of this economy we are in serious trouble we have very high and persistent unemployment and what we are doing is arguing over the technicalities of the debt ceiling that is going to be changed and raised as it has been every other time this theatrical drama has been rerun and meanwhile our political leaders are not dealing with the underlying problems we're facing an economic situation that is more dire than any i have seen in my lifetime of being a specialist on the american economy and i think we're seeing a growing alienation of the american people from the whole spectacle as they watch their real situation deteriorate and nothing really is being done. still to come on the program. on the other side of the world europe's struggle. takes another hit the world's largest economy wakes up to the reality. israel's prime minister has to step up in defense of. support has

times and sunday times of london the newspaper business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry and london because of the whopping revolution in one thousand nine hundred six but now it's clear that success came with a heavy price tag morality murdoch's journalist kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and of murdered children assigned we've seen criminality and invasion of privacy on a staggering industrial scale not even the rich and powerful could escape then chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed by journalists for tipoffs on sensitive investigations private lives were made public and now we've got. to be some hacking into gordon brown's private life you have to so you have to start to wonder what else is in of course is the harder it is not just by the use of what we call blanket the use of people. information what should be private sources medical records tax records it's taken thirty years for the worst fears about the british press to come true but come true they have murdoch may own successful newspapers in an ailing market but their papers which have lost their greatest asset the public's trust the u.k. has more c.c.t.v. cameras per person than anywhere else in the world i've counted eight just in this small car park so britain's old. no big brother is watching but the question now is what's big brother watching full and more importantly who's trying to bribe him you are at it all t.v. . and you are ninety nine from moscow still have for you the sour and europe's problems keep the euro afloat takes another hit as the world hates largest economy wakes up to the reality it's in debt. and israel's prime minister has to step off in advance of an anti boycott bill which aims to support sadler's but has been an affront to democracy. police have made the first arrest in connection with russia's worst ever a boating disaster and they have detained the owner of the company that ran down the bulgaria cruiser and the person the certified fit for sale meanwhile divers are set to conduct a final sarah to the vessel looking for the remaining twenty four bodies of the one hundred thirty people believed killed in the tragedy let's cross live now to tom barr is at the site. so tom bring us up to date with the police investigation we understand that some arrests have already been made and what more can you tell us about this. the first two arrests have been made in the ongoing criminal investigations the first in new york and she's been arrested because she was the owner of the company that rented the boat daria pleasure boat for its final cruise and it's thought that she may have known about the poor condition of the ship when when when she made that decision to rent it the second is yaakov if a show of here's a state shipping experts and he cleared the ship fit to sail some time ago and it's thought that he may have been negligent in making that decision they will stay in detention for around a month to be questioned and then the case will go on from there. well the search goes on for those missing and is still going on is there any indication as to when the recovery operation will be completed. at the moment the emergency is ministry here on the volga bank in the divers that are going out to the platform above the sunken bowl gary are they say their final effort is going to be made now to try and recover the last twenty four bodies. from from the ship and however there may be some complications with that they're hoping to finish sometime later today possibly around midday but they think that they've searched. most of the ship and they haven't found all of these twenty four bodies so if they're not on the ship they may be in the water around the ship a worst case scenario may be that some of them when the ship sank people may have unfortunately drowned in the