christine lagarde when she was france's finance minister she took over from dominic strauss kahn at the international monetary fund last month after he stepped down from his post after he charged with sexual assault in new york. max kaiser and stacy herbert up next stay with us here on our. for the full story we've got. the biggest issues get the human voice ceased to face with the news makers on the. skies or this is the kaiser report you can sing from the scene behind me that i am in new york city not far from me is the legendary madison square garden home of many heavyweight bouts of the past and we're here in new york to witness another heavyweight bout the new york dollar versus the rest of the world are i should say the american dollar and so far that looks like the dollar in round sixteen of its post world war two epic battle with the rest of the world is about to go down stay server down the newsroom talk to me hello max yes the dollar is in the news in fact it's in my very first headline here i am s. look guard says u.s. dollar may lose privilege amid debt limit crisis so this

ponzi scheme that's been in force for decades is crumbling and christine lagarde is absolutely correct of course she took over from dumb extras con who's got some troubles here in new york city mabel got an interview with him later but let's go back to this exorbitant privilege because this is what ballard just saying said as she referred to but this was under the charles de gaulle administration recall and this is the first time that america really went bankrupt big time on the global stage because in one nine hundred sixty nine charles de gaulle asked for the three hundred million dollars worth of gold that the us technically owed france due to the trade deficit and france sent a naval ship over here to new york to collect their gold and america had to give it to france had to give the three hundred million dollars worth of gold shortly there after great and asked for their gold as well which was similarly about three hundred million dollars america went bankrupt basically they said no we closed the gold window we're not going to pay you what we owe you so this is this whole debt cei

debt limit crisis so this is the new international monetary fund management managing director christine lagarde let's just cut to the clip here where she's interviewed on p.b.s. news hour the global economy is clearly highly dependent on the u.s. economy because the u.s. economy is the post in the world and it's a major it's a major power in many respects so to have the lead economy. uncertain about its that is quite who are some and if you had to take it further clearly that would be that would be consequences in the rest of the world not just in the united states for example. the dollar has always enjoyed what she's called this time the former french president many years ago called the exorbitant privilege of the dollar because it was the currency the reserve currency that moved central banks hunt well clearly there was a dent in this exorbitant privilege and the confidence that moves people have towards the dollar it would probably entail a decline of the dollar relative to other currencies and probably don't in the mind of those people who reserve currencies as to whether it's a dollar he's

imf managing director christine lagarde said the coordination between the g7 mashtss would help maintain market confidence. she said swift implementations by euro zones to reduce the u.s. fiscal deficit are further critical elements for financial stability. >>> chinese media have published commentaries critical of the u.s. government following the downgrade of the country's credit rating. china is the largest foreign holder of u.s. sovereign debt. the state-run xinhua news agency on monday quoted analysts as saying that risks of dollar devaluation increased after the downgrade. the agency says the u.s. has every motive to maintain a weak dollar because increasing exports seems to be a final resort for boosting the economy. xinhua said the u.s. should not forget its responsibility as an issuer of reserve currency to keep the value of the dollar stable. >>> china's government run "people's daily" in its monday edition called on the u.s. and other western nations to lead the global economic recovery. the paper stressed that china's bold economic measures played an important role in the reco

christine lagarde, the new imf said quite eloquently this could have an understood mining role.lso don't forget, the u.n. security council. how much power or voice do you have around that security council table with regards to syria right now. >> if things fall apart, the center cannot hold. a great irish poet. >> i knew i could count on you. >> essentially the u.s. economy is at the center of all this and that's falling apart -- >> the implications are quite brandied, put it that way. >>> they've announced their quick post quarterly earnings. stay with us.

we have christine lagarde or riding in an op-ed in tomorrow's financial times that it is the wrong strategy. we have to have government spending, or we will have a second recession. do you agree? >> we have to have spending. no doubt about it. we have tried these experiments before. even in a weak economy with deficits, if you cut the deficit by cutting back expenditures, the economy gets way down and the revenues go down with it. it doesn't improve the deficit, but it does increase unemployment. >> tomorrow we have angela michael and nicolas sarkozy meeting in europe. do you think they will make the right call? >> what is necessary is stronger commitment to the growth strategy. they recognize that greece, portugal, and ireland are not going to get out of the mess they are in by just austerity. these countries need growth. europe is going to come to their assistance. it has not made a commitment of how much and how it will do that, but that is essential. now that the problem has spread to other countries like italy, will they be able to have that kind of growth strategy? or will they have t

investigation into possible misuse of public funds by the new international monetary fund chief christine lagarde when she was france's finance minister and she took over from dominic strauss kahn of the i.m.f. last month after he stepped down from the post after being charged with sexual assault in new york coming up our interview to show spotlight today al gore now speaks with the pen shook the chairman of the board of trustees of the late buy call protection fund about the threats facing the world's biggest freshwater resource. however. i'm. the world's biggest freshwater lake by. the first. company to be ready. for. a special program to protect the lake but what. is the chance. my protection found. the world's deepest leak. but it may come to an end at any moment the factory spitting out water deadly chemicals straight into the lake undermining its unique ecology the russian government has set a goal to help by called become clean again but short here's where private investments compel one of russia's richest man cares about by call he's ready to pump in cash a development environment. thank

christine lagarde has said that she wanted that europe maybe on the brink of a mother back in crisis now this is again something that brussels had denied today do you think these concerns are valid. i mean if you talk about the whole situation is always a question of what the investors want and what we should want for the future so if you look at the current investors they of course would be more than happy to see an even stronger. countries if they actually would also like to see the euro bonds about on the other hand as i said this is absolutely the wrong direction and. therefore to think it is just always it's right for us all right just following up on what you're talking about euro bonds commissioner for economy said that there are effects could impede europe's ability to expand its borders but where else is the e.u. have to expand i mean would it's a risk any more underperforming economies you're talking about eurobonds here. i mean if if you talk about the zone as a whole. actually i would even say extending the borders schools in the wrong direction if if you think about what

head abused her position as france's finance minister christine lagarde is accused of wrongly approving a four hundred million dollars compensation package to businessmen bernard tapie back in two thousand and eight tapi a friend to nicolas sarkozy claims that he had been defrauded by a former state owed bank when he sold a stake in sports giant adidas miss guard denies misconduct saying she made no personal profit from the deal. i yemeni president ali abdullah saleh was vowed to return to his country that's two months after leaving for saudi arabia to be treated for injuries sustained in a shell attack on his palace compound yemen's that been torn by six months of massive street protests calling for cell a to be ousted and there are fears that his return might spark a civil war the u.s. has frequently urged president saleh to step down over concerns that a renewed conflict could encourage the yemen based wing. the syrian government siege of the port of latakia has continued into its fourth day despite demands from neighboring states that damascus stop shelling civilians and withdraw it

to france where a full investigation has been opened into international monetary fund's chief christine lagarde it relates to allegations from when she was france's finance minister when she approved a huge payment to a friend of president nicolas sarkozy to god denies any misconduct and there is no suggestion she profited slowly returned he doesn't believe the investigation will affect her role is that she. government siege of syria's port city of latakia forcing thousands of palestinian refugees from the camp four days of shelling has claimed at least thirty lives and troops would be making house to house arrest officials that did not. troops in attempts to crush the uprising against president assad. human rights council plans an urgent meeting. i'm. one of the few foreign journalists. understanding of what's happening on our twitter feed she has all the latest updates. it's the. same. with the main stories in just minutes from now but first the classic. what happened. next. francis gilbert teacher and author has written a book called the nation and is a frequent commentator on youth culture

in france a formal investigation has been opened into the international monetary fund chief christine lagarde it relates to allegations from when she was france's finance minister when she approved a huge payment to a friend of president nicolas sarkozy she denies any misconduct and there is no suggestion she probably personally her attorney believes the investigation won't affect her role as i am a change of government trying to continue in the siege of a syrian port city of latakia forcing thousands of palestinian refugees from their four days of shelling has claimed at least thirty lives in troops and be making house to house arrests officials have denied reports gunboats joined the troops in the attempts to cross the uprising against president assad the un human rights council plans an urgent meeting on the syrian crackdown. by the way all t.v. reporter is in syria one of the few foreign journalists and you can read her understanding of what's happening on our twitter feed she has all the latest updates. it's. the. latest news now from the world of business with kareena. welcome to our bu

head abused her position as france's finance minister christine lagarde is accused of wrongly approving a four hundred million dollars compensation package to businessmen bernard tapie back in two thousand and eight tapi a friend to nicolas sarkozy exclaims he'd been defrauded by a former state bank when he sold a stake in sports a giant adidas guard who denies misconduct saying you she made no personal profit from the deal. the syrian government seizure of the port of latakia has continued into its fourth day that's despite demands from neighboring states that damascus stop shelling civilians and withdraw its forces from the country's towns and cities according to the u.n. representatives of both syrian and gun boats and tanks are shooting at anyone seen trying to escape so far thirty four people have been confirmed dead and house to house arrests are made by government troops the un human rights council plans an urgent meeting on the syrian crackdown but the us claimed it's not going to demand president assad's resignation all it wants is to stop the violence. party's reporter on the

hour in france a formal investigation has been opened into international monetary fund chief christine lagarde it relates to allegations from when she was france's finance minister when she approved a huge payment to a friend of president because of course he the god denies any misconduct and there's no suggestion she profited personally her attorney believes the investigation won't affect her role as i.m.f. chief. and government tanks and the siege of the syrian port city of latakia forcing thousands of palestinian refugees from their four days of shelling has claimed at least thirty lives and troops have been making house to house arrest officials have denied reports that gun boats have joined troops in the attempts to crush the uprising against president assad. and by the way our t.v. reporter is in syria one of the few foreign journalists there and you can read her understanding of what's happening on our twitter feed she has all the latest. international olympic committee has been checking construction for the sochi twenty fourteen games the team including the head of the seas says good p

international monetary fund chief over allegations the she abused her power while finance minister christine lagarde intervened in a commercial battle between a french tycoon and formally a state owned bank to approve a payment to the businessmen in two thousand and eight of the guard denies any misconduct she only just took over from dominique strauss kahn of the i.m.f. last month after he was charged with attempting to rape a new york hotel maid. three senior nuclear officials have been fired in japan as the country struggles to cope with the consequences of its nuclear crisis the trade minister said they would be held responsible for mishandling the fukushima plant and its problems he will also resign because of departmental mistakes and vowed a major personnel overhaul radiation is still leaking from fukushima nearly five months after the double earthquake and tsunami with fatal levels just earlier this week. china has arrested two thousand people and closed down about five thousand businesses in a major crackdown on illegal food additives after a wave of contamination scares campaign which star

french court has ordered an investigation into whether the new international monetary fund chief christine lagarde abused her power when she was france's finance minister she is being investigated for intervention in two thousand and eight and a commercial battle between a french take who in a formerly state owned bank and the approval of a payment of around three hundred million euros to the business madame lagarde denies misconduct if she only took over from dominic strauss kahn of the i.m.f. last month after he stepped down following being charged with attempted rape of a hotel worker in new york your lane professor of political science at paris west university nanterre a lot of foreigners so the investigation is unlikely to affect lagarde the job because of her political ties thank you very much the debate about this case was going on in progress before she was actually wanted before she replace can she was appointed in spite of the pending case the french president's. very close this foreman used to finance in front wanted to find somebody to speak to represent problems and he's also involved

in france a formal investigation has been opened into the international monetary fund chief christine lagarde it relates to allegations from when she was france's finance minister when she approved a huge payment to a friend of president nicolas sarkozy the guard denies any misconduct and there is no suggestion she profited personally her attorney believes the investigation won't affect her role as i.m.f. chief. hundreds of protesters have been arrested in india as they gathered in new delhi to demand the release of a prominent corruption activist chanting slogans and even blocking some roads police detained seventy three year old. right before he started what was the illegal hunger strike could be urging officials to toughen legislation in the country. and government tanks are continuing the siege of the syrian port city of latakia forcing thousands of palestinian refugees in their camp four days of shelling has claimed at least thirty lives and troops have been making fast. officials of the reports the troops and the attempts to crush the uprising against president assad and un human rights

investigation into possible misuse of public funds by the new international monetary fund chief christine lagarde when she was france's finance minister she took over from. the head of the i.m.f. last month after he stepped down from the post after being charged with sexual assault in new york. crosstalk discussing whether middle east instability could trigger higher oil prices and worsen the global economic slowdown stay with us. lol we welcome to cross the computor lavelle the price of oil the curse of oil with the ongoing unrest in the arab world petroleum markets are more than reacting is the global economy on the edge of another deep recession and are a high oil price is here to stay is the price of oil time to arab revolutions and aspirations. to discuss the impact of all of this on oil prices i'm joined by michael klare and in springfield he is director of five colleges program in peace and world security studies and author of rising powers shrinking planet the new geopolitics of energy in new york we go to and he is director of communications and marketing at euro pacific capital and in f

first and a full investigation has been opened into the international monetary fund's chief christine lagarde it's alleged that you had time as france's finance minister she approved a huge payment to a friend of president nicolas sarkozy that god denies misconduct and there is no suggestion she profited and their attorney doesn't believe the investigation will affect her role as i.m.f. chief. government tanks continue the siege of syria's port city attacking force and thousands of palestinian refugees from a camp four days of shelling has claimed at least thirty lives in. troops have been making house to house arrest officials have denied reports that gunboats joined troops in attempts to crush the uprising against president assad and human rights council plans an urgent meeting on the syrian bad. party's reporter is in syria by the way one of the few foreign journalists there and you can read her understanding of what's happening on our twitter feed and she has all the latest updates for you. it's. russia's president and prime minister took a little time off to mess about on the volga river

if they don't unify behind a single candidate it's going to be european and it's going to be christine lagarde who's perfectly respectable but if they don't unify behind a single candidate it's just not going to happen for elementary political reasons that aren't democracy or west versus east or anything else ok peter if i can go to you i think it's going to be a good thing. he put in point here is not actually about which countries have which votes and what have they represent because i think if we look at the reality of the situation as many of the candidates that are mentioned as coming from emerging markets are equally problematic in terms of how they would run the fund as you would think of most of europeans critically christina guard so if you're talking about a candidate who was educated at the university of chicago with a ph d. in in orthodox macroeconomics which as we've seen from the last five years based on theories which are completely flawed then we don't want that kind of person running an i.m.f. which needs that update its thinking to update its policies into the twenty first ce

an investigation into possible misuse of public funds by the new international monetary chief christine lagarde when she was perhaps as finance minister she just took over from dominique strauss kahn director dominique strauss kahn of the i.m.f. last month after he stepped down from the post when he was charged with sexual assault in new york. i'm now for part two of the a lot of shows stay with us. so . it was a tall order for. sure. streets to keep some secrets but it's time to reveal the shooting the soviet files on. that aggressive war that threw a tiny nation into the global spotlight. three years after georgia attacked scientists actually. could anything have stopped the bloodshed. and did russia have any choice but to step in. president medvedev gives r.t. the straight answers. are decipher show and tell it's a nice program while the default a crisis was averted or want to know if it really had to come to such a dramatic climax so we asked our viewers if they thought the congress fabricated that crisis was going to produce or patrice in a sense here to find out what you had to say. let's

international monetary fund chief about occasions that she abused her power while finance minister christine lagarde intervened in a commercial battle between a french tycoon and a formally state owned bank to approve a payment to the business when its you thousand and eight denies misconduct purely took over from dominique strauss can at the i.m.f. last month he was charged with attempting to rape a new york hotel maid and. three senior nuclear officials have been fired in japan as the country struggles to cope with the consequences of its nuclear crisis the trade minister said they would be held responsible for mishandling the fukushima plant and its problems but also resigned because of departmental mistakes and a major personal level radiation is still leaking from the fukushima nearly five months after the double earthquake and tsunami with fatal levels detected earlier this week. a regional afghanistan intelligence chief has been assassinated in a northern. province by a bomb blast it's the latest in a string of killings targeting top officials in the past month alone president karzai brother

former french finance minister christine lagarde could face embezzlement charges. signed off in favor of a deal in favor of a tycoon. one of muammar gaddafi sons tells the "new york times" he is forging an alliance with islamic rebels against their liberal allies. but islamist leader confirming contact denies there is a deal. there is a dose of iron mixed in with the bloodshed in syria. bashar assad issued two decrees to give more right to the political opponents. while activists said the death toll from this week's crackdown in hamas has now topped 100. dominic di-natale has details. a warning here, some of the pictures in the report may be disturbing. >> the latest images are gruesome and chilling. a truck parked on overpass. the wounds so bad we can't show them in detail. were tossed in the river and left to flow downstream. a youtube page says they unloaded them -- [ inaudible ] the media reports the men are protesters prevented by the government from holding funerals. >> on state tv they broke from the rhetoric to make this announcement. >> citizens of the ara

international monetary fund and the private allegations she abused her power while finance minister christine lagarde intervened in a commercial battle between a french tycoon and a form of the state owned bank to approve a payment of the business when in two thousand and eight the gods of noise it was called documentary go over from the many styles can of the i.m.f. last month after he charged with attempting to rape a new york hotel name. a gunman has been spotted on the virginia tech university campus where thirty two people were killed in the two thousand and seven shooting and then that issued on the university's website warns that students and staff should be staying inside and locked their doors the suspect was described as wearing a blue and white striped shirt and sandals but police found no one matching that description and there are also no reports of any shots. three senior nuclear officials have been fought in japan as the country struggles to cope with the consequences of its nuclear crisis the trade minister said they would be held responsible for mishandling the fukushima plant and it

reputation in the world but other people more mainstream people say this christine lagarde the new head of the i.m.f. is a more mainstream voice i think you could arguably say who is saying that the current crisis is probably chipping away at the positive bias towards u.s. treasury bills which of course is considered a safe haven so is this the damage that this debate has already done to the u.s. reputation all over the world. well the damage is already done in fact look i spent the last to two months two and a half months across asia in all those the dispersed few weeks of people start seriously discussing the american that the chinese for instance they are in an awkward position because the the economies are totally interdependent they know that a lot of hot money is going to be in flux in china after this in the never ending bet ceiling debate which is not going to solve anything as the best american economists including paul krugman in a very very good new york times column has already warned if you read that believe that harvey's latest book which doesn't get a lot of traction in t

well, we put the idea to the international funds new imf, christine lagarde. >> it was a positive buyrica, toward treasury bills. that was the case historically. and the current crisis is probably chipping into that very positive buyers, that very strong confidence that generally led to flight, equality, and investment in treasury bonds. it's slightly eroded at the moept. i mean it was unheard of only six months ago. to imagine that the united states could be under negative watch by the rating agencies. >> does that mean that the dollar's role is the reserve currency of the world, which provides the united states with ee nor mess worry, lowering the interest rate, is that also, you think, potentially in darjer? >> it has been one of the assets of the united states of america. what the former president of the european kunly called the skpor bant privilege of the u.s. dollar. that's what's at stake. i'm not suggestions that it's going to change overnight because the currency evolutions take time. if you look at the time that industrial revolution was over and europe had gone through mas

investigation into possible misuse of public funds by the new international monetary fund chief christine lagarde when she was france's finance minister. one of the alone a show coming up stay with us. welcome to the lone a show at the real headlines with none of the mersey are going to live in washington d.c. tonight we're going to speak with matt welch from reason and ask how we choose whose ideas are polite and whose are considered crazy and then why does grover norquist get so much attention and maybe people like ron paul don't they we're going to speak with david house on the defense for confiscating his laptop at the border and about the government's desperate attempts to fill the ranks of more hackers and finally jim garvin is angry with washington so he decided to post a video online and it's become a sensation we're going to speak to the man to get an average americans take on what is happening in this country going to have all that and more for you tonight including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. today the stock market

. >> i was listening to an interview with fareed zakaria and christine lagarde.'s been a looming crisis that's chipping away at some of that positive bias. in terms of a global perception, is the united states' image overseas -- is it becoming increasingly tarnished because of this circus in washington? >> reporter: you never want to say and be so definitive as to say tarnished, over and done with. i would say people are slightly disgusted and almost certainly confused with a real worry that this may not get sorted out. we talk about an accident may happen. what do we mean by that? by that i mean, the vote suddenly gets put off, a bill suddenly arrives at the treasury, something doesn't get paid. and without anybody noticing, one of the spinning plates that they've been doing so badly suddenly comes crashing to the floor. that is still a real possibility. and that is why people like myself, yourself and everybody who's watching it are doing it so carefully. there are dozens of plates spinning at the moment. any one of which could come crashing to the floor. >> ri

it is a policy that christine lagarde yesterday embraced in "the financial times."she said, "what is needed is a dual focus on medium-term consolidation and short-term support for growth and jobs." that view is identical to the positions taken by reputable economists with such widely varying political positions as paul krugman and martin feldstein. for purely fiscal reasons, i think one should you with the concern the task that is laid before the super committee, to cut up to $1.50 trillion from federal deficit over the next decade in addition to the $935 billion agreed to in august. but there is an equally -- additional an equally important reason for concern. if the committee does not agree to cut at least $1.20 trillion at through explicit measures, then some or all of $1.20 trillion will be cut through an automatic sequester, and those implied cuts would reduce both discretionary spending and a national defense spending to levels that would threaten basic economic interests in the nation. i have a couple of handouts attached to the one that i mentioned earlier t