he's also the former economic advisor of the monetary and economic department of the bank of international settlements and just a bulk of his resume a little because it doesn't seem bulky enough white also served as an economist at the bank of england pretty impressive stuff now with monetary authorities engaged in this ultra easy monetary policy the question is whether public and private debt is still a problem so here to answer that question i turn now to mr bill according to your former employer the bank of international settlements the global economy has shown encouraging signs over the past year now they're worried is that the forces that lead up to the great financial crisis are still at work so here's my question do you share these concerns and if so why. so i have absolutely share their concerns. i think at heart this crisis has come with the that started in two thousand and seven came at the end of a long period of time in which debts were allowed sort of cycle after cycle to build up and unfortunately since the crisis began in two thousand and seven whereas we might have hoped for the kind o

whether the currency will go down is is still up in the air ok so let's talk about the bank of international settlements for a second recently they issued a stark warning about central banks encouraging global bubbles are warning about bubbles down are we in a global bubble what will happen what can be done to restore ok so is this bubble mentioned by the bank of international settlements where do you fall on the we're in the aftermath of the bubble the bubble basically burst in two thousand and eight when the chunk mortgages when found so. what happened was you have no banks and negative equity what we're in is not a bubble but an attempt by the federal reserve and the treasury to reinflate the bubble to try to get it back where we were so the solution to the best problem is to borrow your way out of debt to create enough more debt that you can somehow keep the whole bubble that was inflating afloat until the whole system crashes right so the idea of the bubble bursting in two thousand and eight you had a deflationary event essentially bonds went bust to reinflate the bubble they print lots of money bu

israel has laid claim to a huge tracts of land in the west bank paving the way for further settlement construction the move comes to spite international calls on israel to halt settlement expansion in palestinian territory one of the key disputes holding back the peace process the latest takeover spawning one thousand acres is the largest than thirty years. in somalia islamic terrorists wearing on the uniforms have stormed a high security prison in the capital killing twelve people gunmen from the al-shabaab network set off a car bomb outside the building before shooting their way in attempting to free fellow militants wherever they fail to reach the on the ground cells where prisoners are being held al-shabaab has been fighting to retake control of mogadishu since they were driven out of the capital by african union forces three years ago. up ahead believe this behind the scenes glimpse at how we get the news to hear an r.t. it's the latest episode of the tuesday. in dunedin florida how young boy t.j. guerrero is learning how to become an american the old school way by selling cool drinks at a lemonade stand we hear a lot of lame exa

track system of law in the west bank where palestinian civilians live under israeli military lock quell israeli settlers living in illegal settlements that are war crimes under internationalaw while israeli settlers live under civilian law. just to give you a couple of examples of the laws that palestinian civilians live under that the are forced to violate simply by engaging in the free of expression. military order 101 regarding the prohibition of axe of incitement of hostile propaganda issued by the israeli army commander in the west bank region in 1967 has remained in place since 1967. military order 101. that's all gatherings of ten or more persons for political purpose or for a matter that could be interpreted as political or even to discuss such a topic unless they've received authorization in advance under permit issued by the israeli military commander. let me break that down, under israeli military order one no one in the occupied palestinian territories it is illegal for palestinian civilians to peacefully protest the occupation they live under without the permission of the israeli military commander enforcing the occupation. when palestinians to violate milita

of the year. >> number two, duke energy. second-quarter earnings surged 80%. said its international energy business ledger for performance -- led to performance in the quarter. >> bank of america close to reaching a record settlementdepartment to end the mortgage bond investigation. that penalty as much as $17 billion. far surpassing what j.p. morgan and citigroup had to pay, all according to a person familiar with the matter. there is the opening bell on thursday. markets are betting on a rate hike at some point in the u.s. i want to show you guys a chart of the day at bloomberg. there has been, interestingly enough, despite the talk of an interest-rate hike, any gains in hourly earnings or private rages and salaries up only about 2% for both in just the last month. this is all according to some analysis by credit suisse. researchers there say we may not see interest rates rise until the jobless rate falls below 5.5%, which is a long way away from what the job market pays. i want to bring in a global market strategist at j.p. morgan funds. james, would you agree? everyone seems to think we will get an interest rate hike soon. >> we will get one probably in the middle of next year, but wage pressure starts to form

dual-track system of law in the west bank where palestinians eventually the under israeli military law while israeli settlers living in illegal settlements that are of a war crime under international law while the israeli settlers live under civilian law. to give you a couple of examples of the laws palestinian civilians live under that they are forced to violate simpler by engaging in freedom of expression, military order 101 regarding the prohibition of acts of incitement and hostile propaganda issued by the israeli army commander in the west bank region in 1967. that lott has remained in place since 1967. military order 101 prohibits all gatherings of 10 or more persons both for political purposes or for a matter that could be interpreted as political or even quote to discuss such a topic unless they have received authorization in advance under permit issued by the israeli military commander in the area. let me break that down for you. under israeli military order 101, in the occupied territory it is illegal for palestinian civilians to peacefully protest the occupation they live under without the permission of the israeli military commander enforcing the occupation. when pales

international following, including attacks, and rogers, who refused to perform in israel. steven hawking joined an academic boycott of israel last year when he withdraw from a conference. israel banks, financing settlements in the west bank. >> the vote passes by 51% to 49%. >> this year, the u.s. presbyterian church voted to divest from companies in israel. bds has victory when those have reputation harm from the campaign. such as carbonated sodas. >> groups of us around the world are focusing on the reputations, because they're seen as human rights of violations. and they starting to investments for institutions looking to make a profit. >> the recent escalation of violence in gaza, financing the boycott that helps shoppers taylor their purchases to meet social goals. but bds's real agenda is to lintmize israel. >> the real goal of bds is a campaign to refute israel's right to exist. >> it's hoping for a transformation of israel, similar to what happened in south africa. >> bds is not trying to do harm to deal. but it's firmly on the radar of benjamin netanyahu, who mentioned it a dozen times a speech in washington, where he urged the audience to vigorously oppose it. >> well, the bds movement is nine

of repressive laws in which you have a racist system where in the west bank palestinian civilians live under israeli military law while israeli settlers living in a legal settlements that are war crimes under international law, they live under civilian law. just to give you a couple examples of the laws palestinian civilians live under, that they are forced to violate, military order 101 regarding the prohibition of acts of incitement and hostile propaganda issued by the israeli military commander, that law has remained in place since 1967. military order 101 prohibits all gatherings of 10 or more persons for political purpose or a matter that could be interpreted as political or even to discuss such a topic unless they have received authorization in advance. let me break that down for you. under is really military order 101, in occupied palestinian territories, it is illegal for palestinian civilians to peacefully protest the occupation they live under without the permission of the israeli military commander in forcing the occupation. when they do violate the order, they are at high risk of becoming one of the 8000 or more palestinians who has experienced serious injury through bullets, tear gas or oth

of how the bank works internally. >> they do not want us to know. useful for future regulations, we don't have it. we have a settlement, they write it off, the shareholders take a bath and we don't get anything out of it. >> is a secret how "surveillance" puts it together. day, i will explain it. i am a mole inside "surveillance." >> russia striking back against u.s. and eu sanctions over ukraine. putin announcing food imports that will be banned for one year. on them -- among them, cheese, pork, fruit, vegetables, and dairy. food from countries that have supported the sanctions like canada and norway. >> this is not funny but sometimes putin does things that feels like putin's pride. when he goes on vacations and get pictures taken with white tigers or shirtless. -o-d-k-a, i do not see it in there. >> they do not need imports of vodka. >> the first idea of germany, is some of the slowdown in italy because it is the initial -- >> there is concern that will be a drag going forward. adidas seeing a hit from sales in russia. >> what else? story,third front-page concern over deflation in europe. you showed us the 10 year

settlement constructed by the netanyahu government in the west bank puts a nail in the coffin of any hope for a two state solution with the palestinians. only aettlements are not violation of international law, but they pose a real threat to israel's long-term security. the people living there, most of whom were incentivized to move into the west bank the cousin of israel economic policies, most would likely leave if there was the hope for a palestinian state. obviously, there are extremists in the net and yahoo! government who do not want a negotiated -- in the netanyahu government who do not want a negotiated two state solution. there are a vast majority of israelis want to have a final settlement with the palestinians. unfortunately, they have a prime minister as well as a government that has been unwilling to negotiate in good faith with their palestinian counterparts. as iresident of palestine, said in my article, has not been willing to yet off the seesaw of ambiguity and and try to convince the israelis he is ready to sit down and make the the part of his public that would require a two state solution. host: that is available online at huffingtonpoosst.com. i want to read a tweet

of siege, blockade or build settlements, et cetera. they've done the same in the west bank too. the fundamental issue is israel views itself as above the law. without internationalp, to force israel to respect basic human rights and to force israel to abide by international law, then unfortunately, we're going to continue to see this situation perpetua perpetuate. what is needed is at this point in time international leadership, israel held accountable for its human rights violations and gaza be given its freedom. >> thank you. >>> office politics is next with "time" magazine managing editor nancy gibbs on the two cover stories she's written that stick out most in her mind. [ female announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to impr

international community to intervene to end the violence there. >>> it's not a done deal yet but bank of america has agreed to pay $16.5 billion in what would be the largest mortgage securities fraud settlementf a of misleading buyers about mortgage-backed securities about the quality of the loans. the settlement includes $9 billion in penalties and the rest helps homeowners. >>> closing arguments in the oscar pistorius trial in south africa. the prosecution said pistorius' version of events lacked any truth and called him deceitful. there's no jury so pistorius' fate lies in the hands of the judge. you recall the bladerunner claims he shot and killed his model girlfriend reeva steenkamp by accident thinking she was an intruder. >>> today an army investigator will question bowe bergdahl about the circumstances that led to his capture in afghanistan in 2009. the sergeant was questioned for eight hours wednesday and answered everything that was put to him, his attorney says. you'll recall he spent five years as a taliban prisoner of war before being freed in may. some of those who served alongside of bergdahl accused him of deserting his army unit. >> hearing his side of the story is what's be

settlement constructed by the netanyahu government in the west bank puts a nail in the coffin of any hope for a two state solution with the palestinians. only aettlements are not violation of internationalaw, but they pose a real threat to israel's long-term security. the people living there, most of whom were incentivized to move into the west bank the cousin of israel economic policies, most would likely leave if there was the hope for a palestinian state. obviously, there are extremists in the net and yahoo! government who do not want a negotiated -- in the netanyahu government who do not want a negotiated two state solution. there are a vast majority of israelis want to have a final settlement with the palestinians. unfortunately, they have a prime minister as well as a government that has been unwilling to negotiate in good faith with their palestinian counterparts. as iresident of palestine, said in my article, has not been willing to yet off the seesaw of ambiguity and and try to convince the israelis he is ready to sit down and make the the part of his public that would require a two state solution. host: that is available online at huffingtonpoosst.com. i want to read a tweet.