a senior lecturer in international business at the university of kent and in new york we cross to dmitri papa dimitrios he is the executive vice president of bard college our focus is crosstalk rosen a fact that means you can jump in anytime you want dmitri if i go to you first the new york can austerity bring back prosperity because we have unemployment is on the increase particularly in the euro zone and that the prospects for employment are pretty bleak how can you have prosperity when there's so much unemployment and people would say austerity creates unemployment because of the loss of jobs in the public sector. the. decline in moment or a decline in the economy is not the right medicine clearly perspective it economic when there is an increase in demand an increase in demand if you doesn't come from the private sector you need to come from the public sector so therefore when one talks about you one cannot be as general to suggest that can bring prosperity clearly on an unemployment rate of over eight point three percent as it is in the united states cannot happen by itself on the b

dmitri in new york i'd like to go to you i'd like to read a quote from angela merkel she said in this crisis we have reached a whole new level of cooperation we have arrived at a sort of european home affairs europe is domestic policy that's a remarkable statement because that's that that's a very incredible political statement because we're talking about fiscal and political union to the max now because greece has lost its sovereignty at law it's lost its economic decision making ability and if trends continue others call the small countries within the euro zone will also follow suit. this may be a remarkable political statement but not an inspiring statement cause i think that with one talks about it fiscal union or one has to be able to understand what this means the united states of europe need to be thought as the united states of america you know just as america has a center of fiscal fiscal agent that's called the united states treasury that does not exist in europe what exists in europe is that every county cannot have a budget deficit above the three percent and to also furth

to finance dmitri you have spent some time in greece i know that we spoke to you several months ago when these protests were sort of at their height what do you imagine the people of greece that are out there protesting right now what are they trying to what message are they trying to send. i don't i don't know i couldn't possibly hope that's true i think that there's a lot of rage that's one of the things that is clear and you said you've seen numbers when i was there and also pictures from these protests where you see. again people of all different ages different demographics men women and old people young people and they're just all incensed enraged because you have these politicians in the middle of parliament who are doing. the bidding of of the their masters and what they want to do which is why would they want. so this wednesday from what i understand there's a meeting some of the ers and finance ministers going to be getting together and approve of simming that this bailout is approved. what do you think i mean is it one of those situations where it's going to get worse befo

russia is coming your way and just over an hour's time next though it's the business update with dmitri. thanks carol well prices have jumped to the highest levels in nine months of the iran halted crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying arabian oil starting in july the west hopes to persuade iran to curb its nuclear program brant is currently trading at almost one hundred and twenty one dollars per barrel have to gains for the w t i two which is currently trading at just over one hundred five dollars per barrel experts however don't expect crude prices to climb much higher as they say arabian risks for the most part have already been price doing despite a surgeon prices analysts say iran's decision is more of a symbolic act because neither britain or france relies on radiant oil well tehran is dependent on revenues from selling crude to the block. meanwhile iran is turning to barter as it offers gold and oil in return for food comic sanctions by the united states and europe make it difficult for rounds of pay for impo

right time for the sunday action all the sunday sports now with dmitri. but of the sports on are two things who are joining us this coming up in the program. not golf along reports claim former england coach fabio capello could be bound for russia to take charge of expanding. involves alexander's of course screw the world cup in this competition. and the west defeats in the challenge cup title of russia's new hockey league. but to a start with russia's dmitri has claim to braun's in the main specific race at the eighth world cup staging controller to finland the twenty four year old athlete makes only twice on all the four shooting ranges last start matar for car of france by five seconds at the finish it took silver with for it misses while gold went to the legendary beyond that norwegian beat his closest rival by eighteen seconds and misses during shooting. staying with winter sports where. of course crew has won the world cup in the four men for competition the russian team led by those who call finished third at the final stage in calgary but that res

passengers were students and trainee teachers all right as i said now it's time for the business with dmitri. thanks rory a radical improvements in the business climates will be the urgent task of the next administration if letting a futon wins the presidency in much speaking of the troika dialog forum in moscow the prime minister says the country needs to jump from one hundred and twenty of to twenty of place in the raising of investment climates business out sees money in the cost of reports it sounded like a school reports a bright student but more excel bad must try harder not amir peretz and highlighted once again that russia has a lot of potential but it is failing to get their results he said most of them in studies place the country in that top five in terms of it's it's essential to get more investment but in reality it's investment promise please is russia in the one hundred and twenty eighth position something he called a shameful that he said that russia should become the type to long to be any facts and not only when the comes to the bench he said that there's a different cultur

before we get to the business with dmitri let's check out. some other global news and brief we'll start with pakistan where the supreme court has decided to charge the country's prime minister with contempt for its failure to reopen an old corruption case against the president if convicted yourself out good luck could face six months in jail and losers office the court has demanded a reopening of the case dating back to the late ninety's when the government has refused and insists the president enjoys immunity from prostate. while in office. the united states has made the surprise announcement that it will hold combat operations in afghanistan earlier than expected u.s. the defense secretary leon panetta said the country wants to switch to a role of supporting and training local forces before the end of next year and officials claim the decision ruin the whole transition plan and force preparations to be rushed through a one thousand seven hundred american troops and tens of thousands of civilians have died since the two thousand and one. a f

plan to move you to come down through the snow take a look at how russia's president dmitry medvedev shows his skating skills in song. and also progress in leaps and bounds find out how a dog from ukraine has become something of a legend in just a few bob. but before that so world news in brief this hour bahrain police have fired tear gas and stun grenades to hundreds of peaceful protesters in the compas holdman nama around two hundred people gathered at a diplomatic coup and set up to all dissent to well an uprising again and it's still unclear whether anyone was injured but witnesses say at least one protester was detained in bahrain a rising ahead of tuesday's one year anniversary of the first large protests against. singer and actress whitney houston has been found dead in a badly hills hotel room as they age the cause of her death is not yet now but she had suffered from previous drug abuse and have peak houston was one of the world's best selling artists despite a possible problems a glittering career is since the one nine hundred eighty s. with countless the rules and many num

to move for years to come they get done through this snow so take a look at how russia's president dmitry medvedev shows his skill and skills in salt . and also progress in leaps and bounds find out how a dog from ukraine has become something of a legend just a human. but fast and thousands have run it across europe against the international court known as access people in the u.k. germany poland and it's where near have voiced their fear that the treaty would harm freedom of speech and lead to online censorship on his laura smith has more from london for us. in line with hundreds of thousands of people all over europe today these people here in london behind me are demonstrating against the anti counterfeit sick trade agreements and disagreements which would make instant service by this time she was killed in the use of pirating it is defending these activists in the streets with no mo money and strength of the in their love for me i mean very nice anonymous. me and none of this is very often where they've got banners we didn't want to shut down instead they're saying no actor culture is

your money is the key question that we need to address i think that's a key question we go back to dmitri that's a paperweight ok people go ahead but that's a political decision that's very interesting that's a political decision not necessarily for the common sense going here. but that is the point that all these decisions are just are and that's why i want to follow on from that comment to say look austerity is one way and which a state defaults and the real issue here is the burden of debt is so we normally us that human beings can't bear the pain of paying it off so one of the ways in which a default can occur well you can do the argentine style we'll just never pay back when you don't have to do us terry or you can do with the greeks are doing which is will pay you back but a little later and a little less that's the haircut option we're going to see a lot of that in europe the third is austerity the state defaults on you the citizen makes you pay more taxes makes you work harder makes you retire later all that stuff doesn't pick up your rubbish anymore the fourth option is inflation

so plenty more to come down through the snow so take a look at how russia's president dmitry medvedev shows his skin skills in sochi. also progress and leaps and bounds find out how a dog from ukraine has become something of a legend in a few minutes. and some world news in brief you this hour and news just in singer whitney houston has died at day just eight because of her death is not have known but she had suffered from previous drug abuse and we'll bring you more on that story when we get it. also daryn police have fired tear gas and stun grenades to disperse hundreds of peaceful protesters in the capital manila around two hundred people gathered as they did last a crucial unsettle to rule the center with uprising a garret it's still unclear whether anyone was injured but witnesses say at least one protester was detained tensions in bahrain are rising ahead of tuesday's one again a vast year old the first large protests against king. one of the sons of the late to libyan leader moammar gadhafi has sought to khadafi has been arrested in new chad according to media reports there he

so plenty more to come for you dashing through the snow to take a look at how russia's president dmitry medvedev shows his killing skills in sochi . also progress in the sun bounce find out how a dog from ukraine has become something of a legend just a few. thousands have rallied across europe against the international anti-piracy accord known as people in the u.k. germany poland and lithuania have voiced that fear that the treaty will hold freedom of speech and lead to online censorship. has more from london. in line with hundreds of thousands of people all over europe today these people here in london behind me demonstrating against this act at the anti counterfeit trade agreement this new green line which would make its next step by step see. if they used the pirates it takes a few days to police these activists in the streets with no monitoring all of it there looks to be the primary need the moment i hear none of this is very often where they've got bandits reading to shut down the internet this thing new actor it's made of these and stop internet censorship one of the main objecti

sampling the runs up for the downhill world cup but just before the race kicked out of russian president dmitry medvedev to the snow to showcase his skate skills and his damaged little ski reports tests of the twenty four games are in full swing. so she's been known to have warm february's in the past but not this year blizzards and temperatures well below zero may be great for some winter sports but for downhill skiing you want good visibility and less snow that's already on the ground and not still falling preparing the posts in such conditions was a challenge put the weather is of course a key factor and blizzards can hold us up it and cause delays but it hasn't affected overall preparations in the resort and it is now ready to host the world cup. despite bad weather delays were minimal and as the mountain skies cleared domestic competitions began in earnest to both facilities to the test the venues here on the slopes and bridges across napoli on there are undergoing this sternest examination yet the head of the two thousand and fourteen winter games for both the organizers and the athletes

let's look at your headlines at this hour now the latest sports news with dmitri. hello there welcome to the sports object thanks for joining us this good to have a company again coming up. golden goose you on jihad coach guus hiddink described his role at the big spending huge and promises to focus on football development and dug a stone. into the final rush claimed. victory at the beach football euro cup here in moscow to set up a decisive clash against portugal. and driving for success formula one's only russian representative it secures our season in the sport with their own team. so former russian sitting has described his new job. huge sixty five year old dutchman sadir and a half deal and has promised to focus on football development in dagestan it's a first permanent position in six years and his side a contract reportedly worth around twenty million dollars while also becoming the club's vice president because things are hitting the most significant thing about his new role is that the club is planning on developing the game in dagestan he says that is imp

tackling this week so it's all of today's financial facts and figures in the business update with dmitri. banks bill prices have jumped to the highest levels in nine months up to run halted crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying a radiant oil starting in july the west hopes to persuade iran to curb its nuclear program and what we're seeing right now is brant one hundred twenty dollars per barrel have to gains also for nymex crude which is currently up but to one hundred five light sweet experts don't expect crude prices to climb much higher as they say reining in risks for the most part of already been priced in despite a surge in prices and the say runs decision is more of a symbolic act even servility medicine coffee from north capitol expects the issue to keep prices high for months to come. particular story has been taking a lot longer than one should expect and i expect it can last for another several months during which the oil will be a normally high. but i am pretty sure that as soon as this will be the result

are those are the main headlines and time now for the sports with dmitri. hello there sport an arctic good company again and this is coming up in the program . the road seeing a crane empire and russia begin the euro time to twelve perforations with a trip to copenhagen to take on denmark. stepping up on the twenty one coach to take charge both england's sin a side for the first time following the resignation of capello their play the netherlands at wembley. and skein of the ring floyd mayweather jr and miguel quarter promote their may their faith. contain is about so-called simplified between pretty bored and made it pretty. but first rush have held their final training session ahead of their denmark later on wednesday it may just be a friend a particular karts men are taking the encounter very seriously with the european championships starting in exactly one hundred days our correspondent richard important reports from copenhagen the euros may be just over three months away but that time will pass very quickly for the celtic arts has just pretty friendly

. >>> almost two years ago president obama and russian president dmitri signed a nuclear arms reduction treaty. after ratification by the u.s. senate, the treaty took effect last year. the brookings institution today will look at how that treatsy being implemented. the discussion will start at about 1:00 p.m. eastern. you'll be able to see it live on our companion network c-span2. >>> when i first started the book i also thought, this must be an american story. this is about a country that worships the religion of self-reliance and individualism. this is a legacy of thoreau and emm emers emerson. turns out we're laggards. more important in european nations and scandinavia and even more common in japan. >> in "afterwards ar ar "going solo" looking at the growing trend of american adults choosing to live alone and what that means for the country. saturday night at 10:00 eastern. also this weekend on "book tv" sunday at 3:00, the second cousin of former secretary of state korcondoleezza rice, conn rice, and starting a war between gang leaders and police. and georgetown university's bonnie

discovering russia is coming away in just over an hour from now next so it's the business update with dmitri. thanks bill oil prices have jumped to the highest levels in nine months after iran halted crude exports to the u.k. and france on sunday now this move follows the european union's decision to stop buying iranian oil starting in july the west hopes to persuade iran to curb its nuclear program brant is trading at almost one hundred twenty one dollars per barrel the have the gains for the. two which is currently trading at just over one hundred five dollars per barrel now experts don't expect prices to climb much as they say radian risks for the most part have already been priced in despite a surge in prices analysts say iran's decision is more of a symbolic act even so. from the north capitol expects the issue to keep prices high for months to come. particular story has been taking a lot longer than one should expect and i expect it can last for another several months during which the oil will be a normally high. but i am pretty sure that as soon as this will be the result one way or a

go to damascus on this planned visit now he's going to be taking with him a message from president dmitri medvedev it's believed that message will be asking for strong democratic changes in. in syria now russia's stance has always been to condemn both sides in this situation its on the ongoing violence in the middle eastern country they aren't taking the side of one of the other saying well the governments have some questions to answer but both sides have to lay down their arms and get around a peace table to discuss this out how their issues now speaking today speaking on monday what we've heard from serbia love as well an attack against those who came after him we heard condemnation from the united states from france and from great britain over russia's decision to veto that security council resolution and this is what he had to say in response. should. we could have achieved consensus at the u.n. security council and we asked them to give us more time with your so that we could discuss the situation following our visit to damascus on february seventh they chose to push for the vote and

security council heading to damascus on tuesday bearing with him a message from president dmitri medvedev a message that's believed to request the assad government make strong democratic changes in the country now the foreign ministry very unhappy about this the russian government very unhappy in fact going as far as to call it disrespectful to allow the not allow the vote to be delayed until. it completed that trip now. with regards to the comments that it be made from around the world following that the session by china and russia to veto the u.n. resolution with condemnation from the united states from france from great britain the foreign secretary in great britain going as far as to say that this meant there was blood on the hands of those that had vetoed it well so very unhappy about these comments he was speaking at a press conference alongside people here in a foreign minister he said that he was scathing in his response to those comments made from abroad some western comments on the outcome of the u.n. security council syrian resolution vote sounded decent and almost hysterical i

putin's spokesperson dmitri peskov denied any link between the plot and the election campaign. putin is criticizing u.s. foreign policy in his last week of campaigning before the election. putin made remarks that were published in a russian newspaper and he said russia cannot accept u.s. plans for a ballistic missile defense system in europe. he said it would only protect the western part of the continent. the article says military intervention in countries such as libya would just make authoritarian regimes want nuclear weapons even more. it cites north korea and iran as examp examples. >>> the longtime ruler of yemen has stepped down. ali abdullah saleh resigned after 33 years in power and months of protests. saleh passed the national flag to the new president abd rabbu mansour hadi. he expressed support for the new government but did not apologize for his authoritarian rule or his crackdown on protesters. more than 1,000 people were killed during an uprising that lasted nearly a year. thousands of protesters were back on the streets at the time of the ceremony. they called f

those stories for in fifteen minutes from now in the meantime it's all the way to sports news with dmitri. hello there all the latest from the loose boxing world on our team in the next eleven minutes so it's very tempting again and it's been the bullets are. not gone for long routes ports claim former england coach fabio capello could be bound for russia to take charge at big spending and much color. in looks on those of course through the world cup in the form when both competition. and west defeats in the challenge cup title of russia's youth hockey league. but football first according to sources in russia fabio capello could become the next manager of. the talent resigned from his job as head coach of the english national side earlier in the week the sixty five year old arrived in the russian capital on saturday and he's holding talks were about carlos about taking over as head coach at the premier league outfit the club will hold a press conference on monday which is believed to concern feature of current head coach john remember reside after the country's affordable association went

has ramped up his election campaign in light of mass opposition protests and our political analyst dmitri bother to explain now mainly addresses russia's middle class. and i hope is that we can now understands that he said after it right now it's not of the reach you know reach seeking people he's electorate these are the real russian middle class you know people who are you know believe in small towns who have a really hard time at their market economy seats so i hope he is economic policy will move a little more to it and you know we had a former finance minister who did we had that definite cure to the right now we believe we have rights he wants to give you the state sports you more too he's real electorate which means you know the masa of the russian people. well you can always read more of our top stories online at r.t. dot com here's a look at what's there for you right now the war of words continues with the u.s. navy says it's ready to end all the rest of the rainy and kamikaze attacks read more about the world war two tactic tehran is talking about on our website. and nothing sa

dmitri it's called does not put his hopes in such dreams instead as a successful businessman he has gathered many scientists doctors and inventors their chief goal is to create the perfect body to give it soul consciousness of a human being. but him but at them we hope that at some point we just have to perform a painless transfer of the mind of the person falls asleep and wakes up in another body where he feels just as comfortable. dimitri is called was inspired by the hollywood film surrogates it shows the possibility of creating a human double a surrogate cyborg controlled by the force of thought and imagination would be done without leaving one's home. computers and computer intelligence exceeds human intelligence and then what happens in that sort of perhaps more of the terminator scenario you know what happens when the machines become self-aware enough to realize hey we don't need these people and in fact these people are kind of screwed up the planet. surrogates begins with a lib or a trick creating a replica of a human controlled. by the human mind the surrogates of the future cannot

foreign investors are eyeing russia's regions that's according to kill dmitry of the head of the country's direct investment fund speaking as an economic forum in siberia it's all business the main attractions for foreign money in russia. as a response of the interest of logistics area that's very important there is quite a bit of interest in the infrastructure and those are very specific projects so for example airport infrastructure is very interesting and with careful now a trip which is one of the largest investors in airports worldwide we tailor investments and we invest with those investors into areas in the industries in the stand well and therefore they can do a good analysis of the project and their value to it going forward cash strapped ukraine may get yet another discount for russian gas the energy ministry in moscow is calling for the resumption of talks now that follows a decision by gas from last week's a cup prices for european customers by ten percent. from u.b.s. believes the russian gas monopoly will have to offer more concessions if it wants to remain competitive insula

from now including a live another system reports from syria that's in the next hour in the meantime dmitri joins us next with sunday sport. hello there all the ladies from the sporting world an r.t. in the next eleven minutes. could have a company again and in this sport and. not golf along reports claimed former england coach fabio capello could be bound for russia to take charge big spending. in some of the coughs crew wins the world cup in the form of competition. and the west defeats east in the challenge cup title of russia's youth hockey league. football first they called in two sources in russia fabio capello could become the next manager of. the talent resigned from his job head coach of the english national side earlier in the week this sixty five year old arrived in the russian capital on sunday and this housing talks were about carlos about taking over as head coach at a family outfit the club will hold a press conference on monday which is believed to concern the future of the current culture of. remember below resigned after the country's football association went against his

sports news next with dmitri stay with us here on r.t. . but of their good company again this are all the latest from the boxing world who are not in the next eleven minutes coming up in the program. change had reports claim former england manager fabio capello is on the brink of joining the big spending russian premier league side. rage. seven time jujitsu champ turn corners apart at the inaugural the verdict and then make championship in moscow. and in goal phil mickelson wins the four two title of his career as he claims that pebble beach national in california. so we start with football according to sources in russia father capello could be about to become the next manager of color. of the club's management and players took place with an official announcement on the future of coach expected later it's believed left the club by mutual consent while capello a reporter that arrived in moscow on saturday and it had been claimed it was due to hold talks with the darkest on a club the sixty five year old there has denied those rumors saying h

those are the headlines next though the latest action from the world of sports with dmitri. hello there welcome to the sports on r.t. good company again and coming up in the bullshit. shock defeat world number three murray sharper loses. in the quarters in france while rush's men have it all to be in the davis cup. huge boost for financial on the fastest time on the final day of the twenty twelve pre-season ties in spain. versus overwhelming favorite against underdogs to meet in the final of the african cup of nations. but let's start with bertha where to my fail up soon has just claimed silver in the men's ten kilometer sprint race at the eighth stage of the world cup encounter left to finland the russian was perfect on both shooting ranges and last only a tenth of a second to matan foot cart who eventually won the race the frenchman topped the podium despite one. of switzerland finished third for bronze as he lost one point six seconds to a cart. over to terry's style where russia has failed to produce a good start in this year's davis cup campaign after the first day of c

foreign investors are eyeing russia's regions that's according to curial dmitri of the head of the country's investment fund speaking at an economic forum in siberia told business r.t. about the main attraction points of foreigners and russia as a specific interest of logistics area that's very important there is quite a bit of interest it's infrastructure and those are very specific projects so for example airports infrastructure is very interesting to look up and i would trip if which is one of the largest us or some airports worldwide we tailor investments that we invest with those investors into areas in industries agenda stand well and therefore they can do a good analysis of the project and that value to it going forward. that's all the way to us from the business desk also back to minutes. sometimes you see a story. and then something else. and realized. are welcome to the big picture. the looming. the but. the big. issue is that so much of the commercial comes on it comes in here to the trials and tribulations of the middle class long considered the pillar of the west political and e

real dmitri of the head of the country's investment fund speaking at an economic forum in siberia he told business r.t. both the main attraction points to foreigners in russia as a specific interest of logistics area that's very important there is quite a bit of interest it's infrastructure and those are very specific projects so for example airport infrastructure is very interesting to look up and i would trip on which is one of the largest us or some airports worldwide we tailor investments and we invest with those investors into areas in industries agenda stand well and therefore they can do a good analysis of the project and their value to it going forward. and that's all the latest from the business desk i'll be back in about fifteen minutes meanwhile you can always find a lot more stories on our site are to the slush that's this. the movie. came up because. it's all designed to keep you close in your own small world as a prison. you know you leave somebody in there for a couple hours like that in a stress positions. you have this fear of the unknown in this stress sort of build

time nuff the business update with dmitri. welcome to the program guess appears to be disappearing under mysterious circumstances summer between russia and europe consumers on the continent are complaining about supplies are for them during this period of exceptionally cold weather basically says it's getting twenty percent less than usual while austria and slovakia claim a thirty percent drop the countries get the gas from transit link which goes of through ukraine however both moscow and kiev deny there have been any changes in volumes. market watchers expect the darkness of eurozone debt problems to get some light ratings agencies that pours expects the currency union to gradually climb out of its mild recession in the second half of this year and into twenty thirty the firms the chief european economist. explains. the risks of a more severe recession. that could go into twenty thirteen are significant we estimate about forty percent probability yet i think we have to look at all the factors there has been some encouraging

intrepid explorer james brown takes you traveling across russia that'll be after the business news with dmitri stay with us for that. welcome to business r.t. while prices have jumped to the highest levels in months after iran halted crude exports to the u.k. and france on sunday the move follows the european union's decision to stop buying a rainy and oil standing in july west coast persuade iran to curb its nuclear program now it was saying right now is brand new one hundred twenty dollars per barrel of diggings for west texas crude also one hundred five experts don't expect crude prices to climb much i as they say reining in risks for the most part of already been priced in this by a surgeon prices analysts say runs decision is more of a symbolic act even server development cost you from not capital expects the issue to keep prices high for months to come this particular story has been taking a lot longer than one should expect and i expect it can last for another several months during which the oil will be a normally high. but i am pretty sure that as soon as this will be the result one wa