the leaders of russia started taking the first steps to creating a united economic signing agreements for integration on friday well for more about the future plans r.t. and voice of russia voice of russia radio should say has been speaking to victor he's the appointed head of the eurasian commission a body proceeding then you are not into he's coming up next to you head on. if the basic i say west of the loan is different so that presidents have signed a declaration on your asian economic integration and you have been anonymously approved as they had of the regime economic commission i don't know if that would be a proper etiquette regulating it but at least i think i can address you as the head of the commission we all know that integration process is work better when the world economy is growing of the world economy is on the verge of recession today i'm either russian or bellows nork as i am into its effects why is it so important to launch the common economic space today. so those that unless it was there a fight often it's not up to you to choose when to do certain things in fac

as you know there is the or asian economic community comprise the five nations apart from. stan it also includes to decus done on kurdistan when the decision was taken several years ago five years ago to be precise to scale up integration we went for a multi level and modestly type of integration point all of those five countries realize that three of them are fit to move on to the next stage that is why a trio side how to reach a more advanced level within the relation economic community basically to second tier that was agreed upon reaching this new level the trio will not forget about the remaining two members of the eurasian economic community which are now candidates which could follow suit and move on to this new level of integration but the list of candidates is not limited to these two countries the eurasian economic community has a number of associates or partners who take an active part in the work of this community so to sum up we see interest from other countries at least from the former soviet republics. here was the shares i would like to go back to the situat

next leaders of russia better start taking the first steps to creating a united economic body after sonny agreements on deeper integration on friday to find out more about the future plans for what's being seen as an alternative to the e.u. and the voice of russia radio spoke to christiane cook who's been appointed the head of the eurasian commission proceeding bloc. if the but if i say west coast girl mysteries so the presidents have signed the declaration on eurasian economic integration and you have been anonymously approved as they had of the regime economic commission i don't know if that would be a proper congratulate you but at least i think i can address you as the head of the commission we all know that integration process is worked better when the world economy is growing in the world economy is on the verge of recession today me the russian or below is not as i mean to its effects why is it so important to launch the common economic space to date that. white often it's not up to you to choose when to do certain things in fact you can always find certain factors either internal

integration you have been anonymously approved as they had of the regime economic commission i don't know if it would be appropriate to congratulate you but at least they can address you as the head of the commission as we all know that integration course is work better when the world economy is growing but with the world economy is on the verge of a recession today and neither russia or below is not i mean it's effects why is it so important to launch the common economic space today. was that if you're quite often it's not up to you to choose when to do certain things in fact you can always find certain factors either internal or external that might prevent you from doing something big positive and serious i think that everything at this next level of integration and balls is a logical continuation of the consistent purposeful deference on the part of the leaders of the tree contracts in much of the crisis are still in the negative because as is taking place around or even within our country as this fact i would even say that the situation for them motivates us to work on integratio

. -- economic period. we understand our opponents are pretty is the fact that things are not as great as any of us would like to suggest. but nobody who is not political is serious, nobody should buy into that. >> the and implement rate today is 9.1% as we count it. no president since fdr has been reelected and the rate was above 7.2%. where the you think the unemployment rate will be at the time of the next election? >> i will not make projections. whether or not we do something about job growth right now is calling to determine in part that outcome. i'm here making the case for a jobs act because i fear that if we just sit by and allow the standard economic forecast to take place that we're going to grow 1.5%, 2%, that we are going to be sitting by passively while we do serious harm to many of our workers and our economy. remember, you expect that you need growth to be about 2.5% just to stabilize employment, just to handle the new workers who come into the workforce, just to stabilize. when you have 9.1

integration you have been anonymously approved as they had of the regime economic commission i don't know if that would be a prop at the congratulate you but at least they can address you as the head of the commission we all know that integration process is worked better when the world economy is growing in the world economy is on the verge of a recession today and neither washington or below is snork as i mean to its effects why is it so important or launch the common economic space today at the. very nature quite often it's not up to you to choose when to do certain things in fact you can always find certain factors either internal or external but my prevent you from doing something big positive and serious i think that everything that is next level of integration involves is a logical continuation of the consistent purposeful efforts on the part of the leaders of the three countries you mentioned the crisis are so negative of course as is taking place around or even within our country as a fact i would even say that the situation for them motivates us to walk in integration for th

to new elected leaders i mean here's the trouble the states are losing sovereignty because of the economic measures dictated by brussels. headlines for you right now the leaders of russia belarus and kazakhstan have taken their first steps to crazing a united economic policy after signing agreements for deep integration on friday and samoa bobby future plans all she and the voice of russia radio as approach of exactly appointed head of the eurasian commission and body preceding the new block . if the basis of the loan is different so the presidents have signed a declaration on your asian economic integration you have been k'naan a slave who as they had of the regime economic commission i don't know if that would be a proper etiquette gradually do you but at least i think i can address you as the head of the commission we all know that integration process is work better when the world economy is growing the world economy is on the verge of a recession today and neither washington or below is not as i mean to its effects why is it so important or launch the common economic space today. was t

to the new annex and he did i mean he is the troubled states are losing solver to because of our economic measures to take on states and. there's the headlines right now the leaders of russia belarus and kazakhstan have taken that bus stops to creating a united economic border after goldy after signing agreements for deep integration on friday and for more about the future plans and she earned a voice of russia radio spoke to victor christi appoint as head of the eurasian commission a body perceiving the new block. it's about if i say west of the mystery stand so the presidents have signed the declaration on your asian economic integration and you have been anonymously approved as they had of the regime economic commission i don't know if it would be a profit to congratulate you but at least i think i can address you as the head of the commission we all know that integration process is work better when the world economy is growing but the world economy is on the verge of recession today me either washing or belly worse nor does i mean its effects why is it so important to launch the commo

when we liberate the economic potential of women, we elevate the economic performance of communities, nations and the world. take just one sector of our economy, agriculture to illustrate what i mean. we know women play an important role in driving agriculture-led growth world wide. agriculture is a power giannini for development as we have seen in the remarkable rise of china and india. in several economies, women comprise nearly half of the agriculture labor force. they sustain every link in the agricultural chain. they plant the seeds, care for the livestock, harvest the crops, sell them at markets, they store thed food, and then they prepare it for consumption. as for the role of women in agriculture nowadays, despite their presence in all of these kinds of jobs, they have less to show for all of their work. women farmers are up to 30% less productive than male farmers. and that is not because they are working less or less committed. it's because women farmers have access to fewer resources. they have less fertilizer, fewer tools, poorer quality seed and less access to training or

leaders of russia belarus and castle stan have taken their first steps to creating a united economic body after signing agreements on deeper integration on friday to find out more about future plans for what's being seen as an alternative to the e.u. r t and voice of russia radio spoke to victory stand was been appointed i had of the eurasian commission a body proceeding the new block. if the but if i say west of the mysteries so the presidents have signed a declaration on your asian economic integration and you have been anonymously approved as they had of a regime economic commission i don't know if it would be appropriate to congratulate you but at least i think i can address you as the head of the commission we all know that integration process is work better when the world economy is growing but with the world economy is on the verge of a recession today and neither russia nor gallois north as i mean to its effects why is it so important to our launch the common economic space today at the. very nature of white often it's not up to you to choose when to do certain things in fact

i think i'm going to give it real improvement is china and that is the world undergoes a massive economic and geopolitical shift and as the world changes china take on a greater. spotlight. on r.t. . and today my guest is. island will be taking over the presidency in the new year of two thousand and thirteen but on the eve of this event ireland is facing pretty serious economic and financial problems well as well as many other european countries and members of the euro zone president medvedev the russian president was present at the g twenty summit in france said russia is ready to help neighbors so what kind of help is russia ready to provide to our island let's ask the deputy prime minister and the foreign minister of ireland eamon. as the european debt crisis spirals even further all of them troll economists worry about the future all the euro if greece defaults and then leaves the currency island and all the weaker economies may be forced to do the same the region stronger nations have graded and almost half a trillion euro bailout fund but that's still not enough to boost it further

the economic powers agreed on measures to boost economic growth. >> french president sarkozy can finally show some results. leaders agreed to a plan for worldwide economic growth. the debt troubles of the eurozone are still hanging over the summit. >> italy is crucial to the eurozone. it is one of the biggest economies in the world. i am happy the italians have decided to abide by the goals of the commission and allow monitoring by the international monetary fund. >> in the future, the fund will be able to intervene in economic crises. italy has rejected imf funding for now. >> i am confident that europe has the capacity to meet this challenge. i know it isn't easy, but it is absolutely critical. what the world looks for in moments such as this is action. >> europe must take care of itself. they prefer increased funding rather than paying for a rescue. >> we are closely interconnected. the success of one region is a success for every region. failure their means failure everywhere. >> the economy's share a common fate and will need to work together to guard against the next round of storm

achieve a better economic state for the people in china the goal of economics is to keep the chinese communist party in power and that's why they allow and prove that because they care about those kids i mean you know one province it's only because they want the boys beijing to stay in power ok or do you think actually it's really very centrist it's not really very sunshine is self interest it's the self interest of the communist party this is what we just are. known of for once i'm sure all over the. system go ahead to two different question here first of all eat so happens that indeed it is the interest of the communist regime to provide economic prosperity i don't think there is any question about it. it happens to be good for the country i mean to a great extent so the fact that these two objectives are close to spend you know is something that we should we should keep in mind of course the regime would like to stay in power of course it's a regime for weak economic prosperity is even more important for any other regime and therefore the less paying their kids creates a lot of go

the leaders of russia belarus and cosmic stand taking their first steps toward creating a united economic bloc after signing agreements on deeper integration friday to find more about the future plans were being seen as an alternative to the e.u. archie envoys a russian of radio spoke with victor conte stanko who's been appointed to head the eurasian commission a body that's preceding the new block. if the place is i say west of the mysteries so the presidents have signed the declaration on eurasian economic integration you have been a non asleep who does they had of the regime economic commission i don't know if that would be appropriate to congratulate you but at least i think i can address you as the head of the commission we all know that integration causes this work better when the world economy is growing but the the world economy is on the verge of recession today and neither washington or velo are snork as i mean to its effects why is it so important to launch the common economic space to date. so those that are less because their initial quite often it's not up to you to choose w

year of two thousand and thirteen but on the eve of this event ireland is facing pretty serious economic and financial problems well as well as many other european countries and members of the eurozone prison mid-range of the russian president when he was present at the g. twenty summit in france said russia is ready to help its european neighbors so what kind of help is russia ready to provide to iowans let's ask the deputy prime minister and the foreign minister long island eamonn. as the european debt crisis spirals even further all to control economists worry about the future all the euro if greece defaults and then leaves the currency island and all the weaker economies may be forced to do the same the region stronger nations have graded and almost half a trillion euro bailout fund but that's still not enough. the europeans are seeking support in the east particularly from china but they also want russia to help it's a request officials in moscow believe in this economic and political interests to. take over a welcome to the show thank you very much for being with us pleasure to be

kazakhstan have taken their first steps to creating a united economic body. for deeper integration on friday but for more about the future plans. voice of russia radio spoke to were. appointed head of the eurasian commission a body proceeding thank you brooke. if the but if i say west coast girl mr so the presidents have signed a declaration on your asian economic integration and you have been anonymously approved as they had of the region economic commission i don't know if that would be appropriate to congratulate you but at least i think i can address you as the head of the commission we all know that integration course is work better when the world economy is growing but the world economy is on the verge of recession today i'm either washing or below it's not as i mean goods effects why is it so important to launch the common economic space today that. it was very quite often it's not up to you to choose when to do certain things in fact you can always find certain factors either internal or external that my prevent you from doing something big positive a

it is a huge economic impact in san francisco. in my opinion, it is getting our costs under control but also promoting economic development so we have a financial engine that will continue to promote us year after year. >> what are your ideas on dealing with the issue of homelessness in san francisco? >> i am one that thinks mayor newsom did a great job thinking proactively about what we need to do in san francisco. when he started care not cash -- but enacted so many things past that. project award down, when he ended up making sure there were family members on the receiving end, giving people bus tickets to go back home to where they are from -- project homeward bound. unfortunately, the project does not have a silver bullet ending. we deal with our homeless problem, and a lot of it, we need to make sure that the homeless population -- a lot of them have mental health issues where it is just not solvable to lock them up. we need to help them, and i think we have that in our heart and soul to make sure that we treat the people as

then one house economic adviser gene sperling checked the economic club of washington. later, house speaker john boehner on jobs and the economy. >> would you continue your statement, please? you will receive the answer in due course, do not worry. >> i am prepared to wait for my answer until haile -- until freezes over, if that is your decision. >> he was a former governor of illinois, and twice ran as the democratic nominee for president and lost. adlai stevenson, this week on the contenders. why friday at 8:00 p.m. eastern. for preview including more of the speech and other video, go to our special website for the series, c- span.org/thecontendores. >> republican presidential candidate herman cain was at the national press club today, talking about his economic plan and foreign policy. he was asked about allegations of sexual harassment that were in a weekend news story. >> good afternoon. welcome to the national press club. i am the 100 for the president of the national press club. we or the world's leading professional organization for journalists, committed to our

russia along with some of its post partners will take the first steps to setting up a new economic body the ration economic union shares the blueprints of the european union and see further integration between the region states and he said no imports . this will build on an already existing customers union between russia belarus and kazakhstan but the eurasia union will go even further it's meant to promote trade and economic cooperation with the asia pacific region and doing that by creating a new market that will unite legislation it will provide free chapel flow services and human resources some experts we've been stressing to even think and go as far as to say that this is the only way to protect those three countries from the economic crisis that's spreading across europe and around the world that. will eurasian union to become a kurd of products or services and would close between europe america foundation the union is europe's only way to survive and the current fiscal crisis will switch over to the union will build a migration system very much like what we see with the shan can

an economic setback about three years ago but we are no coming through and coming. there are difficulties in the euro sold everybody knows us the european leadership is working to deal with those difficulties and i believe. with those difficulties success successfully if you look at the number of decisions been made this year too. supports the euro and to support the eurozone the establishment of the europeans to stabilization fund the european stability mechanism the change in the european treaties in order to pay in cash and the various decisions that have been made to strengthen governance. the euro the euro zone all of these i believe will over the course of time strengthen the euro i think there's one thing that people need to be clear about and that is that the leadership of european union countries will do whatever it takes in order to ensure that the euro is staples that it succeeds and that it continues so you are absolutely sure this is interesting you know as the prime minister deputy prime minister of ireland you're absolutely sure that the euro leaders

the economic system. the book. welcome back to cross talk a little about the true mind you were discussing chinese things precinct our. mother can. see the be. ok doris i know you want to jump in right here out and you want to react to what dr greg said i did before the break so go right ahead. yeah i think we have one common ground and that is that china has. pointed out millions hundreds of millions of people out of paul the key to a relatively modest wealth i think you know the finishing of human rights includes in china that people have something to eat that people have a hope that people have a future and in charge in china which is a very emotional. moment as we can see when we are here when we listen to what we have to say. you have to consider we have china came from where it started and if you look around china we're not only in sickness like beijing or shanghai we are on the countryside and if you see the children of parents who can not to eat having the ability. that often to visit the school to afghanis

and from the european union for and i thought that encompasses economic military as well as economic political and diplomatic means. pro equality occupy movement is quickly gathering pace in germany with almost twenty thousand people protesting in berlin and frankfurt protesters waved placards and a locked arms in solidarity seeking to draw attention to rampant corporate greed the increasing poverty of the masses the german occupy movement has also made significant steps in legitimizing itself having earned of the support of two major political factions juta sunderland of the quality germany group believes grillin is partly responsible for europe's economic woes. it is needed to have protests and broader movements in all european countries and we know that cheering germany germany is one of the countries that causes quite a lot of the trouble we have in europe now because of the way international competition is organized germany is very often on the winning side but that means that be exported also poverty and sharpless in the us for people and we learned during the last years there

it's an economic club. people with shared economic interests. but ultimately what will work for the united states' advantage is china bounded by hard powers. it's bounded by india. it's bounded by russia. it's bounded by korea. it's bound by japan. obviously to the south by indonesia. and so it's going to be a very easy sell for the united states to find partners there, to balance off china. it's not going to require i think some huge extraordinary american military presence. we've got a lot of people there who want the united states in that neighborhood and in a funny way china does to, because our presence there assures all the other countries that china can dominate them economically but with america it won't dominate politically and provides for stability. >> it's south asia, so when you talk about asia, asia-pacific, you kind of are including india. >> absolutely. >> and it doesn't fit very well in the other blocks. >> absolutely. >> is india suffering -- i want to take a moment here on india. is india suffering from the lack of a strong go

achieve a better economic state for the people in china the goal of economics is to keep the chinese communist party in power and that's why they allow improvement not because they care about those kids out in your non province it's only because they want the boys in beijing to stay in power ok what do you think actually if you say the very first it's not really very sunshine is self interest it's the self interest of the communist party this is where we just heard. none of this once i'm sure i'll know but i think i'll just say this go ahead to a dave to a different question here first of all eat so happens that in the eighty's the interest off their communist regime to provide economic prosperity i don't think there was any question about it. it happens to be good for the country i mean to a great extent so the fact that these two objectives are consistent you know is something that we should do we should keep in mind of course the regime would like to stay in power of course it's a regime for weeks economic prosperity is even more important than for any other regime nevertheless it

from the center of the fashion world to the center of the euro crisis italy dove headfirst into economic hardships so with berlusconi gone will the country be able to set its own straight or is it just the next domino to topple in the global crisis. that afternoon today is friday nov eleventh happy eleven eleven eleven it's four pm in our studios here in washington d.c. i'm christine friends out there watching our team. i want to talk today about the economy and what seems to be a changing tide here on the economy on a global scale or that old piece of advice go west young man well it seems that if you want to go where the growth is happening you should instead say go east young man because countries like china and india are growing rapidly as the rest of the world and especially the u.s. seems to be in a slowing or a holding pattern this is all being discussed at the this weekend at the asia pacific economic cooperation forum or a pac in honolulu hawaii where leaders from twenty one countries will discuss things like free trade and green technology and the crisis in the euro zone but it

scale russia belarus and kazakhstan move toward creating a new trade bloc to protect the region from economic turmoil and. new signs of rupture within the e.u. itself and britain clashing with germany which wants countries to surrender more control of their own financial and political decisions. five pm in moscow i matras are good to have you with us here on r.t. our top story hundreds of arrests multiple injuries have been the result of a massive day of action across the us by occupy wall street protesters tens of thousands of activists against corporate greed took part in rallies in key cities across the u.s. marking two months of the movement but several met with a heavy police response officers in riot gear armed with the tongs and shields were accused of brutality against mostly peaceful demonstrators the focal point was of course new york where crowds took to the bridges the subway and even try to disrupt the stock exchange to make their frustration heard artie's lucy carter was at the heart of the protests. we're standing on the brooklyn bridge in new york city where the occupy wall st

to economic growth. among these challenges, the housing crisis is particularly notable. we look back at the seven previous recoveries and can see that a surge in housing market was a driving force behind the return to economic growth. housing starts rose dramatically in every one of those recoveries. but in this recovery, housing starts have remained low and continue to be. we know some of the drag holding back the economy is caused by the nature of the recession that preceded it. economists have found that the sessions caused by or company by a severe financial crisis, recoveries tend to be shallower and take much longer. two leading economists found in their research, "real per-capita gdp growth rates are significantly lower during the decade following severe financial crises." in the 10-year when the following a severe financial crisis, unemployment rates are significantly higher than in the decade that preceded the crisis. the decade of relative prosperity prior to the fall was importantly fuelled by

as russia belarus and kazakstan move towards creating a new prey blog to protect the region from economic turmoil. and there are new signs of rupture within the e.u. itself as britain clashes with germany which wants countries to surrender more control of their own financial and political decisions. welcome this is r.t. it's nine pm friday night my name is kevin zero in the top story this for you france's foreign minister has told syria it's too late to implement long promised reforms and says tougher sanctions are now needed syria earlier agreed in principle to let international observers enter the country apparently to comply with an arab league ultimatum for the regime to stop the violence by saturday how to test for a similar reports now from brussels about the growing pressure from europe. tough words coming from the from he had met his counterpart in a turkey and they both agree that syria needs tougher and stronger sanctions again you were mentioning earlier these sanctions are saying they're saying it's too late to implement any reforms at this point and this is coming on the back

the aim there to promote more trade and economic cooperation with the asia pacific region what it would do is would create a new market with united legislation and that would create free capital flow human resources as well as services this is what president medvedev had to say about the advantages this union would have in comparison to the e.u. . is because right because we won't repeat the mistakes of the european union and you know our integration we're conscious of what we're doing we understand why we integration with the three countries sharing a common history and should say we're forming sinkhole an economy that is why we start not on different levels but from similar positions the european union took a shot in the jaw to some extent the jewish and it's different i'm sure we will be able to create a stall is unstable economic you. with these. some other pluses to this invasion union would be lower a customs tariffs as well as standardize trading format between the three countries it's possible that ukraine could join in the future it's also expected to encourage businesses to in

are preparing for the end of the world at least in economic terms so what are we missing here. you need to know this when you speak truth to power power backs down over the weekend two major occupy wall street movements were threatened with eviction and neither back down in los angeles mayor antonio bill or hillary goes so that gave occupy l.a. patriots until twelve zero one am this morning to vacate the park across from city hall that they've been camped out in since october first but that deadline came and went with no crackdown why because as a midnight deadline approached thousands of supporters rallied to the occupy l.a. encampment in solidarity to make it impossible for police to move in face to face with thousands of peaceful patriots the riot clad police backed off and this patriots then the patriots inside the camp began chanting we won we won so for now occupy l.a. lives on same thing happened in philadelphia were several. remained camped out in dilworth plaza after michael nutter his forty eight hour deadline to leave came and went and asked this morning why police h

debate protests and scrutiny over the economic conditions in this country be directed at the economics departments of the university and we also asked in the p.r. battle between wall street bankers and some of those americans that are outraged at them we'll take a look at who's winning look at today's capital account. ok it's trivia time i am going to start the show by reading a couple of quotes from two thousand and one and i want you to think about what they have in common first as on the u.s. economy america could well join japan on the list of the global economies walking wounded mired in a debt induced recession with static or falling prices and a seemingly intractable burden of private debt ok this is what many people refer to as the last decade you can see a reference right there just from earlier this month and about europe when an economic crisis eventually strikes people's europe's governments may be compelled to impose austerity upon economies which will be in desperate need of a stimulus big. and you just saw protests of course from austerity measures in greece people on th

well i think the economic weight of the e.u. has been somewhat damaged by the crisis and even the u. has been asking the chinese to help them with money in order to overcome the sovereign debt i would not make too much show the economic union waits at least in the foreseeable future i think that this has nothing to do with the european union i think it's an independent economic union on the pulse of a space where people know each other. very much used to each other where they used to be a joint economy as we know the soviet economy was an important economy and all these lands were part of this economy so i think it's in a way rebuilding the toys which have been severe during the fall of the soviet union and i think this eurasian union has all the chances to become a very important integration alliance on the post soviet space and in the eurasia or i will have to leave it there alexei pushkov what a lot of listening experience i. think. russia belarus and kazakhstan were once united as part of the world's biggest country the u.s.

it was an economic hub. and now it is on the front lines of an economic downturn. we have endured now 32 consecutive month of double-digit unemployment. manufacturing jobs have disappeared, and more jobs are at risk because of regulatory burdens and economic uncertainty. i don't think any state has more at stake and my constituents know. they know that this can he was great to make the tough but necessary choices to cut spending and make reforms to put us on a more stable long-term fiscal footing. removing economic uncertainty and demonstrating that we can reverse our long-term debt and deficit trends will help spur job growth. if i had one thing consistently, it was this. the american people want us to succeed. they know the job of this committee and this congress is not an easy one, but all of us, the 12 of us here and everyone of our house and senate colleagues, were sent to do what's right for the nation. and they are reinforced. american people know how high the stakes are, too. but let me read you something from this week's "national journal." for the first 1

that encompasses economic military as well as economic political and diplomatic means the league has invited opposition leaders to a meeting has been speaking about setting up a kind of transitional period in effect this is quite reminiscent is it not of the libya style national transitional council. absolutely i think the point behind this decision as to pave the way for a rerun of what happened in libya first deal legitimize the regime that is opposing your interests and then install a regime that is friendly to your interests this is a rerun of the transitional council that was installed in libya so what what we are seeing here is a war this war is not being conducted openly of the way it was enough guns done or at this is being conducted through other means meaning through clan the stein and underground methods and through open the pla magic and economic pressure and unfortunately so unfortunately the arab league is being a tool in the spite or we have to finish it just briefly assad stays in number ten just very briefly your view of his future i'm sorry i didn't hear a question

but initially planned as an economic party for you asian economic union and also become an arena for some major political discussions says i guess i was under some boner. there are some phrases. in the. made by the officials top officials in russia that allow us to think to believe that this project will be a political. russia because russia really wants to prove its people soviet space is indeed these spirits privileged interests but starting from the economic agenda moving to the political. fold into the e.u. patent will be a good way of moving forward prove by proving the allies if this union is viable in an economic sense then of course a political life of this union a political exams will also be successful. russia and kazakhstan were once united this part of the world's biggest state u.s.s.r. but that unity ended two decades ago with. g.m.t. we continue our series of special reports from the member states of ted this time the focus here. twenty years ago the largest country in the disappearance of. what had been the truth. began a journey. where did it take. russia has again wa

and economic woes in the west stay with us. hello and welcome to cross talk time peter about china's maneuvering our chinese fortunes faring during the global financial crisis and the euro zone fiasco political uncertainty in the u.s. and the arab spring is china and that gaynor is the world undergoes massive economic and geopolitical shifts and as the world changes will china take on a greater leadership role. cross-talk china's growing influence i'm joined by greg audrey in irvine he's an entrepreneur and co-author of death by china in miami we have already shankar he has to ford motor company chair in global business management at ohio state university and in beijing we cross to doris nesbitt she's the director of the nesbitt china institute all right folks you have difference a points of view on this and i want you to show my viewers ok but first marcia people say that china is set to save the world i don't know about that but there is little doubt that over the last decade asia and china specifically has been steadily movi

that's not good economic policy, and can we knew it wasn't good economic policy.on the other hand, we believe inside the package -- believed in the package as a package, and you couldn't get it through without the 500 billion number, and we department want to economy -- we didn't want to economize on some to have essential investments and cras and health and education that we were committed to. so that's the kind of balancing act that was required. >> bruce, let me, let me turn to you. president degoiia mentioned that the new covenant speech was given here 20 years ago. i went back and looked at that one too. that was full jesuit, you know, father quigley being quoted. [laughter] a lot of what the meat of that speech arced around the other side of the equation, the call to the citizens of this country for responsibility from them, a kind of call to action, a call maybe to sacrifice, but really to be good citizens and to do what they could to build their commitments. communities. do those pieces in your mind work together? were they on the same wave length, did one

> as for now, the european economics is gloomy. as we know, this forecast is the last week up call -- at wake up call that the recovery in e roan union has come to a standstill and there is a new recession a must determine tha acons ke >> the european commission revised its forecast of growth down to 1.5% thisye. growth across the eurozone in 2012 is predicted to virtually stagnate at just 0.5%. greece could see its debt increased two fold. five countries are on course to exceed their debt limits. he also called on italy to form a new government as soon as possible. he warned that t cnt' borrowing costs could approach unsustainable levels. >> in the short term, the impact will happen relatively soon. this will have at a significant impact on the financing conditions, and the real economics. >> he called for more fiscal discli t help spur economic growth. he hopes to have controls on economic members in hopes of onolnghemot debt. >>> despite the forecast, the market seemed to have perked up today. >> utus optimism, with a little bit

economic problems that they're protesting well we'll talk to john perkins a self described former economic hitman to see what he thinks and from hedge fund managers to china's vice premier more people are predicting a recession ahead meanwhile looking backward to economic heavyweights have been duking it out over the causes of the great depression all over twitter we'll tell you who will give you the details of their twitter war later in the show so let's get to the day's capital account. this is our committee we have heard a lot about it president obama's deficit panel of course they have a deadline tonight for coming up with a deal to one point two trillion dollars over the next ten years now they're expected to announce that they have no deal meanwhile at the same time outside of capitol hill occupy wall street protests continue all over the u.s. highlighting the impact of their presence bangle obvious are pitching campaigns to try to discredit them a memo revealed this m s n b c first reported on it here's the thing do the root causes of these problems from occupy wall street to this s