and brics countries fight to make the head of the i.m.f. and on european something that's never happened before so will the brics be able to build anew with this position. good evening it's tuesday may twenty fourth eight pm here in washington d.c. . and you're watching our team now just a few hours ago here in washington this was the scene in a packed house chamber on capitol hill take a look. god forever bless the united states of america. that's right president barack obama the leader of the united states of america addressed the oh i'm sorry it wasn't president obama that is the israeli prime minister benjamin netanyahu my bad you see all that wild applause must have really just throw me off my game so let's try this again the israeli prime minister's speech they had all of the trappings of a state of the union address by a president to live soaring approval ratings in fact netanyahu got twenty nine standing ovations from lawmakers compare that with the twenty five president obama god during his death in january speech now earlier i spo

we still have some patients within the brics so according to his other partners. in action if you think so it will. work more with our partners. doing what is the best thank you thank you very much mr garbage for being with us and just to remind them that my guest here in the studio today was a kind of the. aide to the president of the confederation and that's it for now from all of us here if you want to have your say on program or have someone in mind for you think i should interview next time spotlight please drop me a line of albert our past r.t. t.v. dot are you and let's keep spotlights into rafts we'll be back with more comments on what's going on in and outside the show until then stay in part seat and take. plenty. of. review the latest in science and technology from the realms. we've got the future covered. if you. could take three. charges free. range.

finance minister christine legarde as a candidate this time around europe might not find it so easy the brics brazil russia india china and south africa have written an official letter reminding the i.m.f. that the world is changing and the financial institutions leadership needs to reflect that so if the brakes do indeed revolt considering that western nations are the ones over indebted and needing all the help right now but with a record questions before europe could it be a little bit of payback joining me to discuss this is gregory white editor of money game for the business insider greg thanks. so much for joining us tonight for starters obviously europe is still reeling from the fact. that involved in a massive sex scandal had to resign and they're looking for new leadership but does this letter also shake things up a bit does that does it deliver another blow well it certainly makes it not an easy process for them to get christine legarde in charge it's probably still going to happen but it's certainly the bricks stepping forth and saying look we want to deal out of this we want some s

the rest of the financial community especially to the bric countries i think she's a very good candidate so i do not know her personally but everybody speaks of a very highly of her conditions are very impressive for the first sort of business lady and the minister and she was voted by several newspapers and magazines as the best sort of finance minister in europe and she deserves a lot of credit for becoming the first female finance minister. in europe but at the same time you have for instance former finance minister of indonesia. and becoming the first finance female finance minister in the very big muslim country. i would say even a bigger achievement than becoming here. female finance minister and a leader of friends. her candidacy is very much a message that the developed countries and the european. that is would like to maintain the status quo which is not necessarily fair and i think the changes. have already started but probably they do not go far enough now i'll operating on just sad and some political analysts describe it as bizarre that european union would feel they're now t

bearing in mind the emerging economies the brics countries brazil russia india china. well i think it is important from a psychological perspective because i think the past sometimes matter but as you said and i think is in president obama's speech was a very long speech it was very deep in it there was a big section in there that really talked about the relationships and partnerships of the future that means that you've got to have not just obama cameron op eds with each other but you've got to have op eds written with the presidents of presume and the prime ministers of india and the president of russia and you know there's a whole new emerging set of global stakeholders that somewhat make anachronistic this precious u.s. u.k. relationship in the same sense that it was looked at in the past and i and as i said i think it's a good thing a healthy thing to move forward and to maintain good communications and to talk about the challenges of the future but know that there are going to be other people other players and other nations at the table and i've said also that th

probably they do not go far enough do you think the emerging economies and bric countries in particular should rally around on single candidate doesn't make sense. but not necessarily i mean. i don't see if there is someone again it's not clear motive you can contest on the vote someone being but so far or more to come i think we're having a better program it's more involved who is elected and if somebody else is electable and more electable than myself that's fine it's not about me it's about developing countries thriving through our search themselves and put on projects the sound for your system maybe it was free in one nine hundred fifty s. and one nine hundred sixty s. but different for here anymore if you are elected. what sort of policies were on top of your time greatest have you shown us what this process because all that i just started european debt crisis because this is a really big issue. or the situation in the us economy and also i would be very much like to be for research. department in the i.m.f. because they've been producing some excellent papers in the last fifteen y

and the us enters the race to become the next head of the i m f that's as the so-called brics countries which include russia call for a selection process for the world's top three based on merit and not nationality. and protesters in georgia push harder for president saakashvili suppressive nation for thousands taking to the streets in the capital for a fifth day they demand an end to the rule of the government which they call democratic and. now the financial crisis of two thousand and eight hit america hard but some came off a lot worse than others and while many of those responsible for the collapse i once again enjoying the high life others remain out of work struggling to survive he talked to investigative journalist matt taibbi who explained how banks have escaped scot free. she's sitting down with author investigative journalist and contributing editor to rolling stone magazine. thank you so much for joining us thank you for having me now let's get right into it you've dedicated a large part of your work in your career to discovering and investigating the events that led up to th

were completely completely outmaneuvered by the global south and rise of the global south and the bric nations in particular and this will happen in the next several years coming as well. but still to come the recession rolls over the middle class is us is asleep you know this actual process is a haunted by escalating prophecy you want you can use this. and some believe efforts to contain it radiation leaks. some greens get it with a reactive building to collapse. european m.p.'s will vote on wednesday of whether they want their own plan and representative of the u.n. security council so it seems that you'll be sure reports and move has been met with condemnation from some members of the un it's a step too far. there's been a horrified response around the world and here in brussels the idea of giving the european union a permanent seat on the un security council would allow the e.u. to look at the world security decisions and france this is the first step to was stripped of their permanent place only one british m.p. here says this with britain sovereignty and they will move many other

entering into a multi-polar world and the west is panicking about how they can sit back and allow the bric nations of the global south just to rise up or for them to just go without go without a fight so now is really the historic opportunity for western germany to try to pull back a little bit of a world domination that they've lost in the last decade but frankly even if they did go into syria which i don't think they will i think the syrian regime will hold tight but even if they did i mean what's happened the last decade iraq and afghanistan yes they got rid of saddam hussein yes they got rid of the taliban but what is the net result the net result was they were bogged down morally politically economically diplomatically they were completely completely outmaneuvered by the global south and our rise of the global south and the bric nations in particular and this what happened in the next several years are coming as well. this week the u.s. dashed hopes for a lot of libyan rebels for official recognition the white house gave this message to a libyan opposition leader during his visit to w

wall street is going after all of these bric markets in order to get a good new source of profit and that's not necessarily true but as you say with all this looking at brule it's hardly a ringing endorsement of wall street is it. and there were not a lot i mean you only have to look at what's happened since two thousand and seven when the extra money goldman sachs hundred paulson created the. bankrupted layman in september two thousand and eight actually bankrupted lehman brothers bailed out g.e. the world's largest insurance group because goldman sachs is former bank was up to their neck in. the news with the. various securitization assets and the tarp fund seven hundred billion dollars of taxpayer money was given to henry paulson carte blanche after the lehman bankruptcy so they have more or less destroyed the domestic u.s. economy the real estate debacle rolls on rolls on rolls on the unemployment grows in the u.s. there is no recovery there's not even a green shoots of recovery going on europe outside of germany in a few bright spots is is floundering in the after effects of thi

. >> the city of bric - brisbane is getting approval of moving jobs. they are using tax breaks to attract companies from out of state. the company was in brisbane for years. there is growing concern about california cities poaching jobs from one another. >> this is not good for anybody . i don't think in a silver moment the city would look at this and say this is good either. >> the move will create a 2.1 million loss in tax revenue. >> a deal of the day for groupon . live nation entertainment are teaming up. groupon live will offer limited deals on concerts and other events. it is expected to launch by summer and available only in north america. they are hoping that deal will bolster sales. the natural terms of the deal were not disclosed. >> if you don't want anybody to keep tabs. there is encouraging news. >> it is gaining momentum. democrat senator out of west virginia has introduced legislation that would require on line businesses to give consumers the opportunity to opt out of information tracking including mobile network tracking. consumer acti

and i post this it is it's a candidate from a joint candidate of the brics countries or just the russian can. we were marching for was supported by serious contests. and we still have consultations with. these other partners. in your election so that if you think so it will. work more with our partners who are. doing what is the best thank you thank you very much mr harvey for being with us and just a reminder that my guest here in this cave yesterday was a crazy bar called aides to the president of the confederation and that's it for now from all of us here if you want to have your say on program or i have someone in mind so you think i should interview next time spotlight bush taught me a line of algren our past our teenage daughter are you and let's keep spotlights into rafts we'll be back with more comments on what's going on in and outside pressure until then stay in part seat and take. a mission. critical three days for charges free. range three. three steers free. the old seaboard to live video for your media project and the street medio don carty dot com. and. in indonesia multis

census the race to become the next international monetary fund head parts of the so-called brics countries which include russia call for the selection process for the world's top bank job to be based on merit nationality. just as in georgia a push harder for president saakashvili is resignation with thousands taking to the streets of the capital for a fifth day demand an end to the rule of a government that they called democratic and corrupt. got with more news for more than its innocent heart enough and in the meantime to travel to somalia which has become the world's cheapest rubbish dump in recent years winning journalist paul reopens inquiry into who is benefiting from poisoning somali waters. this is one of the most dangerous places on earth fought over by armed as the most groups pirates and bandits somalia is a country with no law and order a no man's land where an armed escort is essential at all times. and. this film will record a seven hundred kilometer journey across the somali desert in search of a rumor that will die. mysterious containers filled with toxic liquids that sudden

head of the so-called brics countries which include russia call for a selection process for the world's top ranked job to be based on merit for not nationality. protesters in georgia push harder for president saakashvili is resignation or thousands taking to the streets of the capital for a fifth day they demanded the end of the rule of the government that they called undemocratic and a corrupt. our next hero nazi travels to somalia which has become the world's cheapest rubbish dump award winning journalist reopens the inquiry and so who is benefiting from the poisoning of the somali coastline and its residents to stay with us. this is one of the most dangerous places on earth fought over by armed as the most groups pirates and bandits somalia is a country with no law and order a no man's land where an armed escort is essential at all times. this film of record a seven hundred kilometer journey across the somali desert in search of a rumor about di. mysterious containers filled with toxic liquids that suddenly began appearing on somalia's coast this anomaly in december two thousand and

thank you thank you very much for being with us well earlier this month the brics countries which are brazil russia india china and south africa have agreed at the summit in china to establish what they called the mutual lines of credit in local currencies which but consequences do you think it will have for bilateral relations and will it affect the the u.s. dollar as a reserve currency the world reserve currency. i think that this summit brings. for thing both foreign and not only the bilateral relations between russia and china but the whole emerging power in the world that week or this is loud to polarity the world. in our emerging powers mind i don't think that. other countries they will be agree with this point and the currents over all say that to some extent i think that the emerging powers in the middle omer new states they want to be integrated more closely with each other and the currency i think the main point and the main content in it and as i know that well for a long time china and the russian government has been having discussing about the currency and especially in t

the so-called the brics countries which includes russia call for a selection process for the world's top bank job to be based on a merit and not nationality. protesters in georgia push harder for president saakashvili as a resignation with thousands taking to the streets of the capital for a fifth day they demand an end to the rule of the government which they call undemocratic and corrupt. and my colleague is here in half an hour's time but for now it's time for some hot tempered debate over the ongoing palestinian israeli conflict and is crosstalk. well. tomorrow's top choppers come to moscow with josh ford's digitized radar upgraded and automated guided by gyroscopes propelled by powerful new engines russian motors ready to. leave the future covered. you can. follow and welcome to cross talk i'm peter lavelle talks before more talks u.s. president barack obama's most recent attempt to broker a peace settlement between israel and the palestinians faltered only hours after it was announced israel and its allies in the u.s. made it clear that they will have a say when it comes to the

needing emerging economies say it's time someone else how to go i mean there are reports on how the brics countries of brazil russia india china and south africa are a few thing to take no for an answer. it's changed so much bill even with the former director dominique strauss kahn out of the financial picture they're going is ition is looking for a suitable replacement and while the current financial situation in europe may suggest a new approach is needed to solve the problems by looks of it the i.m.f. will go in the other direction the weight of tradition and also the fact that there has been a long standing thing between the united states and europe the u.s. will have the world bank and europe has the fund i'm sure the europeans would convince all leading thinkers on the matter that at this juncture you still need someone familiar with the problems of the euro is the french finance minister christine lagarde and while europeans hail her as one of the strongest economists in the euro zone some remain skeptical about her progress and. more of the same as long as they can sustain an obvi

they were completely completely outmaneuvered by the global south and rises the global south and the bric nations in particular and that's what happened in the next several years coming as well. you know when still ahead in the program held junks is the justice in georgia. in seventy years of the soviet union summit you laws were jailed in seven years of sluggish reviews regimes all the hundred lawyers are in prison or a european court of justice rooting against tbilisi draws attention to how the government tightening the noose around judges they're not seen by day plants. outrage in india as the government releases those guilty of a mass gansey capability years ago that killed nearly twenty thousand people all the details the monsoons horse stormed into just the few beds. al qaeda has long sand continues to send his agents into russia well these were the words president dmitry medvedev if you underlined that terrorism is a shared international problem. reports from moscow. preserve it explains why russia is so interested in everything that's happening in regions like northern alberta and

stress carried over a sex scandal however the fastest growing economies in the world also known as the brics countries are calling for a nano european not to take over the post but critics say their demand a certainly has grounds this is an important first step we may not see it through the this round we don't and we went through these coaches really we're going to the successful coalition to block the question you know in this round we're going forward this could be a sign of things to come out not just in terms of who normally lead these institutions act rather your decisions are often need elsewhere. but in the g seven finance ministers. in the actual past russia and brazil are countries there suffered tremendously under i.m.f. pasties children one thousand nine hundred ninety when they went through crises much like the gracies there greece is going through today and they eventually pulled out of the i.m.f. framework it temporarily suffered tremendously but they're. both countries out of restoration of growth so these are countries that ever actually repudiate the equasym international mo

lagarde tops the list of contenders however the fastest growing economies in the world also known as the brics countries are calling for a non european and critics say their demand certainly has grounds and this is an important first step we may not see it through this round we don't we're going to see these countries really organizing the successful coalition to block the western europe in eighty eight in this round but going forward this could be a sign of things to come not just in terms of who normally leave these institutions after all the real decisions are often being elsewhere not by but in the g seven finance ministers. in the actual post russia and brazil are countries there suffered tremendously under i.m.f. pasties children one thousand nine hundred ninety when they went through crises much like the crises they do greece is going through today and they eventually pulled out of the i.m.f. framework temporarily suffer tremendously but then both countries had restoration of growth so these are countries that have actually repudiated the advice of the international monetary fund and st

were completely completely outmaneuvered by the global south and rise of the global south and the bric nations in particular and this what happened in the next several years are coming as well. still to come of the recession the roles over the middle classes. i don't i want to go out there and still for food but if they stay in the shadow like they are right where else might both of. us those perceived to be immune to crisis are haunted by escalating poverty unemployment or even homelessness. european any peace or vote on wednesday over whether they want to have it representative at the u.n. security council. reports the move has been met with condemnation from some members who believe that a lot of mean it's a step too far. there's been a horrified response around the world and here in brussels the idea of giving the european union a permanent seat on the un security council would allow the e.u. to unlock the world security decisions both britain and france have this is the first step to were stripped of their permanent place on the council one british m.p. here says this will raise b

as the fastest growing economies known as the brics countries have issued a joint statement calling for a selection process based on competency and not on nationality. traffic in the north of germany has resumed hours after major airports were closed due to the high level of volcanic ash from iceland to airports and remain shut however with hundreds of flights cancelled their european meteorologists say there's been a sharp decline in the volcanic activity responsible for the destruction they predict that flights and european air space will be back to normal as early as tomorrow. but when he was born the world was a different place and that's not surprising when you consider it was the nineteenth century medina cotton of a method whose staking a claim as the oldest person on the planet. the october revolution the russian civil war the birth and death of the saga of human in even two world wars this man has in them all because he claims to be one hundred twenty one years old. son of says he's the oldest person living in russia and perhaps across the globe people come to visit and talk to

at least some support from some of the developed countries do you think the emerging economies and bric countries in particular should rally around one single candidate does it make sense. and yes but not necessarily i mean. i don't put my candidacy if there is someone you can it's not a beautiful one percent of old someone being but four or more diplomatic or having a better program it's more a bold who is electable and if somebody else is electable or more like the pulver myself that's fine it's not about me it's about. developing countries that are going through our serve themselves and their input change this unfair system maybe it was free and nineteen fifties of nineteen sixty's but different from here anymore the i.m.f. has a reputation of timing countries into debt repayments that that people cannot afford them there and knowledge of problems out there is like argentina ukraine are and greece etc. do you think the current management or the previous management of the i.m.f. rice sort of disconnected from the realities of the global economy in two thousand and eleven is a fair ass

they were completely completely outmaneuvered by the global south and rises the global south and the bric nations in particular and this will happen in the next several years coming as well. you know with still ahead in the program how old is the justice in georgia. in seventy years of the soviet union seventy laws were jailed and seven years of service treaties or three hundred lawyers or imprisoned model of a european a quarter of justice ruling against a big sea draws attention to how the government is tightening the noose around judges there to your best eight months. now rage in india as the government releases those guilty of a mouse down street over fifteen years ago that killed nearly twenty thousand people our correspondent will join us live for more of the story in just a few minutes time. european m.p.'s are deciding on whether the union should represent a permanent seat at the u.n. security council but it's done no pushing reports the initiatives cause an outcry among many nations. there's been a horrified response around the world and here in brussels to the idea of giving th

were completely completely outmaneuvered by the global south and rise of the global south and the bric nations in particular and this will happen in the next several years are coming as well. still to come the recession rolls over the middle classes. i don't know i want to go out there and still for food but the place came to shove mike what else might both of. us see because you the financial crisis. escalates in poverty and homelessness. in these votes on wednesday over whether they want. sensitive u.n. security council. reports the move has been met with condemnation from some members of the union the and it's a step too far. there's been a horrified response around the world and here in brussels so the idea of giving the european union a permanent seat on the un security council it would allow the e.u. to look at the world security decisions both britain and france here this is the first step was stripped of their permanent place on the council one british. britain sovereignty and they will fight the move many other countries for example are india's billion plus people less worthy

the rest of the financial community especially to the bric countries i think she's a very good candidate so i do not know her personally but everybody speaks very highly of her and difficult issues of in person for the first sort of business lady and the minister and she was voted by several newspapers and magazines as the first sort of finance minister in europe and she deserves a lot of credit for becoming the first female finance minister. in europe but at the same time you have for instance former finance minister of indonesia. and becoming the first frame once female finance minister in the very big muslim country. i would see even the bigger the becoming here. female finance minister and leader of friends but this. is very much a message that the developed countries and the european countries would like to maintain the status quo which is not necessarily fair and i think that changes. have already started but probably they do not go. enough do you think the emerging economy. great countries in particular should rally around one single candidate does it make sense. yes but not neces

that was in march when both countries abstained tone the no fly zone both in libya along with saw the bric countries and germany what started as an unbiased a has already claimed lives of thousands of civilians sell to people two thousand people killed and some thirty thousand people injured and again today russia and germany have voiced their opposition to the western military intervention in libya in particular that nato is going far beyond its un mandate by sending guided bombs on mom or get out of his compound in tripoli and also made it was going beyond its mandate by considering an option of an on ground zero ration both china and russia who saw it today strongly oppose those plans and even china which is interesting to remark which had been very diplomatic on the libyan issue so far is becoming more and more vocal on bad peace agreements and immediate cease fire the only two options according to china which should be considered by the international community on ground operations or any other plans there. exclusively an internal affair will believe you know this is what we heard both

is the fastest growing economies known as the brics countries issued a joint statement calling for a selection process based on competency and not nationality. when he was born the world was a very different place and that's not surprising when you consider it was the nineteenth century what is really a question of what has met the man who's staking a claim as the oldest person on the planet. the october revolution the russian civil war the birth and south of the soviet union even two world wars this man has seen them all because he claims to be one hundred twenty one years old. son of says he's the oldest person living in russia and perhaps across the globe people come to visit and talk to him and today madame here has agreed to share some of his secrets to a long life with us too. despite only humble surroundings to his neighborhood has provided him with a legacy or off life. by eve only what i raise myself i drink milk milk products to bills for my garden all my life i was a former i worked a lot with horses hard work is good for you. well his body may not be asinine bill as it on

were completely completely outmaneuvered by the global south and rise of the global south and the bric nations in particular and what happened in the next several years are coming as we're. meantime this week the u.s. dashed the hopes of the libyan rebels for official recognition and the white house gave a decisive message rather to a libyan opposition leader during his visit to washington the u.s. is also dragging its feet on a releasing colonel gadhafi frozen assets that were earlier promised to the rebels but it's not only the opposition that's feeling the cost of the war. i have been in reports. for those who joined the fight in libya the cost of conflict is quickly taking off denmark's one of just six nato members conducting air strikes to enforce the no fly zone it's six f. sixteen fighter planes are racking up a hefty bill of thirteen and a half million dollars a month we were anticipating a number that was considering a door opened up we aren't that many nation that is using a place. to take us for example they're using drones they have had tomahawk missiles but i don't have an