c-span: and how long did you live in cardiff? >> guest: for 17 years. in fact, my great-grandfather was on his way -- he came from lithuania, and he escaped during the pogroms, and he was on his way to new york, but he ran out of money in cardiff and that's how i ended up being welsh. c-span: where'd you go after 17 years? >> guest: i moved to london. c-span: why? >> guest: it was the place to be. cardiff was a dead kind of town, and london was -- london was -- was london. c-span: what'd you do when you got there? >> guest: i did a year at college in london and flunked out. and then, as we say in england, university life met. c-span: and then what? that'd be about 18 or 19, then. >> guest: yeah. i moved up to manchester, in the north of england, and started writing for little newspapers and working with pop groups, none of whom made it. in fact, i played keyboards with a man who wore a huge papier -- a giant papier mache head. his name was frank sidebottom. we once supported the teen group ross wembley (ph), which was our -- our finest moment. but we go

. >> she obviously likes the >> the cardiff by the sea, not the first time the cardiff kook has beenalized but the most creative. a prehistoric diorama around this bronze statue of a novice surfer. a pterodactyl appears to swoop down to lift the surfer off its board. the statue has been criticized since the local surf community since itsxd unveiling in 2007. i'm vinita nair. >>> yesterday, a record 85,000 people took part in the world's biggest combined road race in australia. the 41st city to surf race featured more runners than new york and london's marathons combined. it rain about 8 1/2 miles, stretching from sydney to bondi beach. moe run for charity. it's estimated over $3 million was raised. >>> 35,000 computer experts from around the globe took to germany's great outdoors. but not for your average summer adventure. it's a hacker festival. held on a former soviet air strip. organizers provided more than nine miles of fiber-optic cable and three miles of internet cable. the theme, hackers in space, shows the group's plans to send one into orbit by 2034. >>> one man is out to se

a moment here we can cross and lived through economics professor patrick i mean freedom from the cardiff business school thank you for joining us today and just getting your piece in final preparation and we just heard the opinion that cats on wall street are actually benefiting from the u.s. economic struggles so globally speaking who else could be cashing in on america's pool crisis management. well i mean capitalism is a system whereby people make bets and that's what keeps liquidity going so i've no idea who could be making money people could be losing money people commit making money according to the bets they made so i don't think this is a very. profitable line of inquiry really because we don't know now if the criticism of the us a budget deal mainly targets the lack of a long term solution i figure saying this is only a six month solution one will definitely take on the bigger picture in terms of its rocketing debt thing. well you know it's a long term problem of any democracy that it makes a lot of promises to people and when people get older those promises have to be kept all

that but neverless coverage of laterally was prepared to give up office in order to preserve some cardiff union i mean i think he had certain convictions and to go back to what we're talking about a moment ago it wasn't a question of having factions within the party it was actually splitting the party into several different parties the congress party the soviet union had nationalist stalinist liberal social democrats conservatives it could have turned into a member of different parties and so that would have been a fundamental change transformational change but of course that could hasten the transfer of power from gorbachev to yeltsin which was not what they who thought of sort of tended of course it greatly hastened the dissolution of the soviet union which is also the opposite of what they intended it only quietly i was in but i had there were but it's really interesting you know what jeff had to say is that you know we have this communist party with the administrative apparatus of the state is well how could you separate the two go ahead. well. my sense of the communist party at the t

their incomes and make them much more cautious professor patrick been for joining us on the line from cardiff earlier on now back to a top story tonight there are reports of gunfire on the streets of the libyan capital is get the latest so only see now on the phone from tripoli and talk to independent journalist lizzie feel and she's joining us again the c.v. . lizzie for you good evening. again i know the situation is very fluid way you are it's difficult to stop exactly what's going on in different parts of the city but it does doesn't it seem to like the fighting has reached the streets of tripoli. yes well again we've seen the fight begin with a few snipers. and then we had a call by the rebels in the city which are essentially religious schools which obviously a member called that we had i think the group where calling on people to come and join them and we just had a press conference by the head of the intelligence here in libya who has accused the way. that. during the so-called war that he i think. i was it shoot on the ground. troops on the ground and of course they have been brought

saying that both were dangerously close to recession patrick meant for an economics professor at the cardiff business school believes that hieron material prices and financial uncertainty is putting the brakes on. those being inflation in the world economy and there's been quite a tightening of monetary policy around the world especially in china and india and some of the other emerging markets and that has led to a fall back in growth in those countries and elsewhere and so the markets are worried about slow growth but really they shouldn't be too surprised because with the situation of raw material prices so high oil prices so high there is a big factor of a slowdown in the world economy because obviously a lot of uncertainty about the eurozone and what will happen the. close of the eurozone summit wasn't very conclusive all helpful in that respect so that's a great deal of uncertainty which is worrying the markets about the situation of buying seen europe i don't think that that i think that will be resolved but it may take some time to resolve it that's the problem meanwhile markets are

picking the new president you can find out what the voters in the republic of cardiff are expecting from their new leader can succeed the late president about which. the first europe's spreading debt crisis is threatening to draw in france as the government announces new austerity measures amid concerns it could lose its aaa credit rating and a deficit reducing package will see some twelve billion euros worth of cuts plus a three percent tax hike for the rich because artie's daniel bushell explains the move could be too little too late with fears social unrest is around the corner. france enjoys a triple a credit rating but now put one of the hoisted ratios among the world's top rated states many investors bet on it to follow the u.s. and be downgraded just repaying interest on its debt this year has overtaken education and defense as the government's biggest spend. mr causes presided over the biggest jump in debt levels in our history books that carry too much water since. france has gone above the tolerance limits admitted prime minister your as he explained the new role of spending cu

dangerously towards another recession more for more on this as cause live professor of applied economics at cardiff business school patrick min fed. the same in fed many thanks for being with us here on r.c. now what is driving this latest out of market want to see. well there's been inflation in the world economy and there's been quite a tightening of monetary policy around the world especially in china and india and some of the other emerging markets and that has led to a fall back in growth in those countries and elsewhere and so the markets are worried about slow growth but really they shouldn't be too surprised because with the situation of raw material prices so high oil prices so high there is a big factor for a slowdown in the world economy because it simply can't grow any faster given the shortage of real materials so i think that that's what the markets are factoring in the slow growth but it's going to happen. and has been likely for some time so to put this into perspective for us how deep is the financial crisis at the moment are we talking collapse of lehman brothers bad or worse. no

their incomes and make them much more cautious professor patrick been for joining us on the line from cardiff earlier on about to a top story tonight there are reports of gunfire on the streets of the libyan capital is the latest to only see now on the phone from tripoli and talk to independent journalist lizzie thiel and she's joining us again this evening lizzie very good evening to thanks for being with us again i know the situations very fluid way you are it's difficult to establish exactly what's going on in different parts of the city but it does doesn't it seem tonight the fighting has reached the streets of tripoli. yes i can we. begin with you i think. and then we heard the quote by the. people refreshing relief of course. the famous because we hear i think that route. and joining them and we've just had a press conference that i think the intelligence here in libya. thank you for what . happened during the war on the plane i think now i. think on the ground is make three percent and then of course they have been going through them and sending them to me and i'm not being a great fri

for the immediate future i think the competing platforms, he books, audio books, hard paper cardiff going to coexist. readers will read books. our challenge to all of us on this panel shares to growth leadership to the potential and printed word. independent bookstore we hope to buy traditional physical box but for right now it is our challenge to find readers whether they are reading on the key platform or a regular book. challenges are best met head-on and we as independent booksellers and politics and prose more particularly will continue to lead the bridge between the community and the book world challenging, engaging and entertaining customers with a rich variety of books for sale combining platforms to exchange ideas and the stage for authors to present their work and make it easier available resources while technological to and our goals. we can't just announce or insist upon their changing media world. we have to demonstrate it every day. so i think that the biggest challenge like i said is to find more readers and whether they are reading it on a e-reader or a traditional look, w