g. economy to knowledge based economy we need to pay much more attention to small business we need to reform and to more modernize our financial system so there always are you know we charge we can protect ourselves against the downturns of global markets and they're called that this is something that the new president and the new prime minister will concentrate on. so the event dominated the news today if you just joined us here in the progress of latina putin announced that he will run for president of russia of the twenty twelve election it was revealed an address to the annual convention of the country's ruling united russia party president reach a good read of meantime proposed putin for the top job while in self planning to head the party in the parliamentary election and continue his modernization program as prime minister of the concord conference with a reputed laid out his economic policy in a speech that can now be considered his first campaign address he pledged to boost russia's economy and tackle corruption. the reaction of coming in starting to at least across the atlantic the

g. economy to knowledge based economy we need to pay much more attention to small business we need to reform and to more modernize our financial system so there always are you know we just we can't protect ourselves against the downturns of global markets and i hope that this is something that the new president and the new prime minister will love concentrate on. and the top headlines headline headline. prime minister legislation that will run for president of russia in the twenty travel action that announcement came at the annual convention of the country's ruling united russia party president richard reid that it proposed precint for the top job while he's planning to head the party in december parliamentary election and continue his brother as a sheriff said a future prime minister is repeating a speech. that is fast of a campaign pledge to russia's economy and tackle corruption. so what's the reaction been to the news across that landscape the white house has said that the question as to holder counted next president should be for the russian people to determine are that expects the rese

g. economy the knowledge based economy we need to pay much more attention to small business we need to reform and to more modernize our financial system so there always are you know we just we can't protect ourselves against the counter and of global markets and i cope but this is something that the new president and the new prime minister will love concentrate on. and the top headline here in moscow this hour prime minister vladimir putin will run for president of russia in the twenty two of election that came at the annual conventional because he is ruling united russia party president to be treated better for post person for the top job while he sat if planning to head the party in december's parliamentary election and to continue his modernization initiatives their future prime minister vladimir putin in a speech that can be viewed at its first of the campaign to burst russia's economy and titled corruption. so what's the reaction been to the news across the atlantic the white house has said that the question as to whole become the next president should be for the russian people to determ

it's evident that russia needs innovation or actually zero modernization we need to quickly and the g economy to knowledge based economy we need to pay much more attention to small business we need to reform and to hold more than eyes our financial system so there always are you know we we can't protect ourselves against the downturns of global markets and we've got more reaction on the twenty twelve presidential election and the put in advance of tandon on our website but there's plenty still ahead in the program including who will be the first to face charges over humanity crimes in battle colonel gadhafi or president sarkozy was now suffering losses over the military intervention in media. yet another high profile taliban assassination underlines the ongoing instability in afghanistan as a country appears to be losing its battle with militants and failing to cut off your main source of income. palestinian officials have accused the u.s. of putting pressure on members of the un security council to keep them from voting in favor of a free palestine analysts say that washington is keen to be

g. economy the knowledge based economy we need to pay much more attention to small business we need to reform and to more broadly modernize our financial system so they're always argue we charge we can protect ourselves against the downturns of global markets and are told that this is something that the new president and the new prime minister will love concentrate on. and the top headline here in moscow prime minister legitimate reason will run for president of russia in the transfer of election they announcement came at the annual convention of the country is really united russia party president to make sure that a proposed putin for the top job while he said if planning to head to passing december's parliamentary elections and to continue his modernization initiatives that teacher prime minister letting the creation in a speech that can be viewed as his past of the campaign pledge to boost russia's economy and tackle corruption. so what's been the reaction to the news across that line take the white house that that big question as to who becomes the next president should be for the russian

g. economy to a knowledge based economy and we can hope that a large part of current with a bit of agenda will be preserved and developed for their mother could set off ice present of the n.g.o.s you raise your friends thanks for your thoughts. and of course if you missed anything on air you can always catch the full picture on our website twenty four seven and out of the gate can also follow us on facebook as well you can join with us questions in the main stories including this big story today for us to find updates of the major news on twitter feed to the school column and watch the best videos and all you choose chapel. news today violence is once again flared up. and these are the images from. the streets of canada. trying to cope ration through today. so these country groucho brings us now the background towards frequently called the polluted bed of tandem. it's not a surprise that they are being referred to as a tandem because the two have been working together very closely as political associates for over ten years now well just a short recap reminder of how both made it to russia

g. economy to a knowledge based economy we need to pay much more attention to small business we need to reform and to modernize our financial system so there always are you know we we can't protect ourselves against the downturns of global markets and i called that this is something that the new president and the new prime minister will concentrate on. to learn the top headline here in moscow prime minister blair will run for president of russia in the twenty two hour election the announcement came conventional the country's ruling united russia party president of reaching that very question for the top job while he said it's planning to head the party in december elections and to continue his modernization initiatives that feature prime minister that repeated in a speech that can be viewed at its faster campaign pledge to russia's economy and tackle corruption. so what's the reaction been to the news across that logic the white house has said that big question asked a whole become the next president should be for the russian people to determine and it expects the reset in relations wit

g. green. economy. well if you are going to wind up in the back of a police town this is definitely the way to go down the streets. thank you very much. you know that's what i call a public service. i've been dropped off in the city's central square and it looked like the show was about to begin. a regional. unless. these men are x. and without their ancestors cross wouldn't exist the land here was originally given to them by empress catherine the great in the late eighteenth century i mean till nine hundred twenty six he was named a katherina which means catherine's gift. because that's where known as fearsome fighters and brilliant swordsman and its reputation they still build on today. your enemy is very dead. you don't have to have blood to be trained by these guys but it certainly seems to help you coordination. i guess liason are three once more. very good. perhaps my own weapon might transform my fencing skills. so this of course is absolutely part of the make up. somewhere else in the city. my t

european nations are expected to clarify their stance on helping greece rehabilitate its economy. g-20 will report on the recent agreement to provide additional financial aid to greece. however, the united states and emerging countries may call on european nations to take additional steps. some experts say europe's response has come too late and contributed to the turmoil in the financial markets. >>> prime minister yoesh ee nad oh told them they would raise the safety of nuclear power plants to the highest in the word. he was speaking before a united nations meeting on nuclear safety thursday in new york. he expressed gratitude for the support received from around the world, following the march 11th earthquake and tsunami. noda then addressed the accident at the fukushima daiichi plant that was triggered by the disaster. >> translator: there has been steady progress to bring it under control. the latest amount of radioactive substance is one four millionth the figure at the beginning of the accident. we are trying to achieve cold shut down of reactors by end of the year, earlier th

they say they'll continue seeking ways to stabilize the global economy. the g-7 finance chief discussed ways of economic outlook. some of their biggest concerns are the deepening debt in europe and the slowdown in the united states. he later held a news conference. >> translator: we discuss the need for a response to the economic budget situation. we must work on improving our finances to maintain growth. >> credit uncertainty in europe sent the euro down to the 105 yen level. that's the lowest it's been since july 2001. stocks in new york also fell sharply. they closed at 10,992, down 303 points from the previous day. >>> sunday's the tenth anniversary of the 9/11 terror attacks in the united states. over a hundred audio recordings compiled at a u.s. university shed light on the hijacking of the four planes that led to the tragedy of that day. they include on-board conversations. exchanges between air traffic controllers and the voice of one of the hijackers. >> nobody move. everything will be okay. if you try to make any move, you will endanger yourself and t

g. twenty meeting and if you look at that you've got a real deal of the world's wealth basically well rome economies as well as the u.s. and britain all writing in and saying to the french g twenty presidency you've got a you're all wrong it's a disaster unfortunately and the greek people are basically being are normally alter of essential eat pig headedness amongst france and germany refusing to understand the problem all right patrick young executive director of investment advisory firm devi advisors thanks for a perspective. of course you can get more on this in our business bulletin coming up in about five minutes as the greeks are protesting against pressed for russian austerity cuts the finance minister has been trying to restore public calm saying the country has no choice but to bring in austerity but his comments didn't sit well with the greek people or our financial pundits max keiser and stacy her. we want to stabilize this situation if we want to adverse default you don't

that is the equivalent of a g-7 economy, just in one small boutique niche market of debt. you recall that before she ascended to the throne of first lady, michelle obama worked for the university of chicago hospital. she wasn't a nurse. she wasn't a doctor. she wasn't even a janitor. she was taken on by the hospitals to run, quote, programs for community relations, neighborhood outreach, staff diversity and minority contracting, unquote. she was a diverse-ocrat a booming industry in elite america. in 2005 just as her husband was coming to national prominence, by strange coincidence, the happy coincidence which the ruling class in chicago are often blessed she received impressive $200,000 pay raise and was appointed vice president for community and external affairs in charge of managing the hospital's business diversity program. mrs. obama, famously complained that america is quote, just down right mean, unquote. and you can see what she is getting at. she had to make do with a lousy $316,962 plus benefits for a job so necessary to the hospital, that when she quit to become

g. twenty group of major economies issued a statement late on thursday saying they will take strong action to counter of the european debt crisis as well as the slumping economy growth in the united states it comes as an attempt to calm fears after world financial markets have been your biggest drop in a month combined with a series of grave warnings from the us federal reserve and international monetary fund this part concern of a double dip recession just around the corner. well artie sara first joins us now with more on how russian markets are reacting to the global song good morning to you sarah so how are the global fear is hitting home here in moscow absolutely it really seems that time doesn't that there is going to be no limit to the reach of this usa debt crisis if the three years since we saw the collapse of the wall street journal and the western banking crisis mean that emerging economies were really hit very hard those reliant on foreign funds i really felt the pinch that is once again emerging that we don't see the western downturn having is good to know what we've seen is th

g. twenty group of major economies issued a statement late on thursday saying they will take strong action to counter the european debt crisis as well as the slumping konami growth in the united states comes an attempt to calm fears after world financial markets had their biggest drop in a month combined with a series of grave warnings from the us federal reserve and the international monetary fund this spark concerns of a double dip recession being just around the corner that is if it's not already here so says margaret own risk from crisis management. partners. perception. you mean you know i actually think it's here and i actually think i'm a little driving it. i would argue since two thousand and eight let's look at this crisis. i think there's a lot of political wind and policy for it what so what does that mean i think best. there's people playing within that by actual speech need to understand that there is no policy three been economic najibullah that is going to save us master more and think knowledge that the past can't be can kind of good at this you know contraction of the worl

g. twenty group of major economies to issue a statement saying they will take strong action to counter the debt crisis combined with a series of grave warnings from the us federal reserve and the international monetary fund the spark concern of a double dip recession being just around the corner and its arrival is inevitable says patrick young who is the executive director of the investment advisory firm t.v. advisors. and loves to look at it in the united states of america growth is basically only match in europe groups is very low or it's going backwards in all of the injury economies and also we've got this terrible terrible north side issue with the likes of greece and if you look at somewhere like china which has been a huge engine of the global economy well they had some pretty. numbers come out and that too is leading to a big fear that maybe china is finally hitting the buffers at least for the time being it's had a huge credit expansion in the last two years looks really rather like europe and the u.s. looks in sort of two thousand and five two thousand and six two thousand and se

g. twenty group of major economies issued a statement late on thursday saying they will take strong action to counter the european debt crisis as was the slumping economic growth in the united states it comes as an attempt to calm fears after world financial markets had their biggest drop in a month combined with a series of grave warnings from the us federal reserve and the international monetary fund this sparked concern of a double dip recession being just around the corner and its arrival is inevitable says patrick young who is the executive director of the investment advisory firm d. the advisors let's look at it in the united states of america growth is basically a new match in europe a group of these very low or it's going backwards and all of them are economies and also we've got this terrible terrible north sideslip binge issue with the light. and if we look at summer like china which has been a huge engine of the global economy well they had some pretty bad manufacturing numbers coming out of the small bank and that too is leading to a big fear that maybe china is finally hitting

the-20 has pledged to tackle -- g-20 has pledged to tackle eurozone debt. ministers from major economies have taken the opportunity to try to calm the panic that has spread through the market this week as the international monetary fund and world bank hold their annual meetings in washington. wednesday-20 finance ministers and central bankers issued a joint communique which recognized the -- g-20 finance ministers and central bankers issued a joint communique. >> we did not say we would be able to resolve all issues here in washington, either yesterday or today, especially since a string of unrealistic and uncoordinated statements is promoting just the market nervousness we need to counter. >> but he would not be drawn on ways of saving greece from the vault. the president of another bank was equally lows to speculate. the one person thinks the real economy is in better shape than the financial markets are. >> the global economy did not have much pet at the beginning of the year, but i do not think another recession is likely. >> the g-20 has vowed to take all necessary actions to ensure

help bail out the colonizers not sue long ago last year that the united states and the g seven led the world economy but with the value of the dollars china trillions of our debt and a stubborn global recession countries want to. be coming to their rescue it's a concept economists even today find absurd why would the. middle income countries. pretty poor actually. come to rescue some of the richest countries in the world bric finance ministers came together today for a meeting at the international monetary fund on the agenda rescuing the eurozone we are in a position to establish greater solidarity amongst ourselves we decided therefore to step up garrity among breaks russia's deputy finance minister says the countries haven't yet committed to bailing out the eurozone by buying euro bonds. we're supposed to discuss. already what we're going to do is to work through armor . we must have a greater integration amongst ourselves the brics does this union signify the rise of emerging economies and the demise of the us and europe this is really kind of a moment where you might look back and say this is th

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find out what's really happening to the global economy is a report on r g. soon which brightened a few moments from phones to parachutes. means friends don't talk t.v. don't come. in indonesia oh geez available in the ground you have the tomb sure to media who took the ritz carlton hotel who took who to live millennium hotel in chile and if you can seal a key and since are told mccomb rocks hotel macaron groaned leader who told mcconnell the initial marco result otome who sold it to snow knew a cold. would result from a cold beverly closer to home with her riviera hotel and would come cintra hotel mckown. italy for paris for a life of a stereo the government's hands down to prove a range of major tax hikes and spending cuts while downplaying fresh outrage over its hole in the levee project. whether whiff of revolution is still in the air of the arab world there are fears america's support for regime change could spell trouble for israel its closest ally in the region. and locked up and left alone caught a virtual extradition laws in britain to trap its own c

this morning, the g-20 nations pledged to stabilize the world's economy but their previous attempts have not worked. the biggest problem may be confidence or a lack of it, both in wall street and washington. >> so much of stock trading is psychological. it's always been psychological. there is no feel-good factor. people are nervous, uncomfortable and i, quite frankly, think fed up. >> reporter: the big question, are we headed for another recession? many analysts have upped the chances to just about 50/50 higher than any point since we got out of the last one. others are more pessimistic. billionaire investor george soras says this week, he thinks we are already in another recession and wen just won't realize it until a few months from now. terrell? >> certainly a situation we will be keeping an eye on. thank you so much. it doesn't improve the financial mood to know washington is, again, threatened by a government shutdown. earlier this morning, the republican-controlled house passed a spending bill to disaster relief and also keep the government financed in mid november, but senate dem

find out what's really happening to the global economy in cars a report on r g. welcome back here's a recap of the latest news and the week's top stories here on our team rebel forces fired on against gadhafi loyalists saying that they're making progress against one of his last remaining strongholds the city of sirte but many in the capital tripoli say they're now living in fear of so-called freedom fighters. walking through the launches its missile defense clouds into eastern europe and with turkey pull one side up to host the west shield in moscow reiterate security concerns and calls for urgent talks. while school in london agreed differences should have stopped them doing business during the first. six years multi-million dollar contracts were sealed during david cameron's visit. and ethnic tensions with.

find out what's really happening to the global economy in cannes a report on r g. admission free cretaceous free transport charges free arrangement free. three. two three. three bloggers all in video for your media project a free media oh god r t dot com. this is also his weekly review of these are top stories. told job intrigue and president medvedev and prime minister putin good enough of the twenty twelve presidential election pledging that tonto will continue to what. emotions running high as palestinians bid for statehood at the one with standing ovations in new york but clashes at the border in the west. also finished priest is speaking out against a chechen terrorism website finds himself to from time disgraced with his plight ignored by the one stream media. great default is inevitable on the top officials now wait leaked reports reveal the recession could go even think about it. and staying on the subject of economy also he spoke to russia.

the president has saidm byófuxÑxdsidvz0. rb[ras:g ,t%x:÷q]g watch, we're in charge of this economy.e and time again frustrated because the economy isn't improving fast enough, but joe biden said the same thing that the president said which is that things have gotten better. >> sean: no, they haven't! >> people have a right to be angry, but not because we're in the driver's seat and we're not doing good things. >> private sector job growth -- >> sean: private sector growth? one job in= n/ 9t b&. new applications -- >> we gained jobs, not enough but we gained jobs in august in the private sector. we lost them in the public sector. >> obama uses the analogy we don't want to give the keys to the republicans because they'll keep pushing us back in the ditch. i don't see how obama has taken any responsibility whatsoever for this economy.>< >> he has not made it worse. >> he hasn't taken any responsibility. >> he turned the economy firsthand going offeconomy fromgoing off the cliff. we were headed toward a depression. >> sean: when we come back, a chilling tape and a picture of a dead mich

the economy growing a bit more than previously reported last quarter. the gne point three percent on a tick up in consumer spending. and if you swipe it-- you're gonna pay for it! bank of america planning to slap customers with a five dollar monthly fee if they use a debit card for purchases. that's business. i'm ashley webster. coming up... she's waiting to find out whether she'll go free from an italian prison after being convicted of murder. murder.but amanda knox isnt' waiting quietly.the story behind these never before seen pictures of her .. in prison.. rocking out with other inmates. inmates. 3 what happened country? what happened leadership was worth more than political survival? when socrates justice and drink hemlock rather than mislead the lincoln was willing to risk the union and personal principle. let there be no mistake here. the ceiling did absolutely nothing to reduce our country's monstrous debt or craft a framework for fiscal responsibility going forward. the politicians know it, and the american people can sense it. essentially what happen

well, it says members of the g-20 right now vow to work together to bolster the struggling global economy so you pointed out that markets are largely in the green and that's where they're getting that boost from. in a statement, the group says it's committed to a strong and coordinated international response to address the renewed challenges that's facing the global economy and it says the main issues at hand are sovereign stresses, weak economic growth and high unemployment. moving on right now, the house has approved legislation to keep the government from shutting down. and the bill includes $3.7 billion in disaster aid. republicans were able to get it through on a narrow vote of 219-203. even before it passed the house, senate majority leader harry reid said the bill would be rejected in the senate. without a deal, keep in mind the shut down of the government is just a week away, hewlett-packard has named meg whitman as the new chief executive. she's replacing the man who was appointed nearly a year ago. whitman was the ceo of ebay and h.p. shares fell in after hours trading. back to

markets why not scan them if you find out what's really happening to the global economy in these kinds of reports on r g. fly for central moscow this is news for you twenty four seven these are all top stories tonight kosovo's prime minister says the breakaway republic sets up customs control of its border with the us despite protests by local serbs and warnings that the move might spark new violence. has been more fierce fighting in libya tonight former rebels launched two offensives on to the few remaining gadhafi strongholds. leads reportedly been repelled by the ousted leader's loyalists but the battle for sirte they. still raging and. also the much anticipated south stream gas pipeline moves a step closer to reality is russia signs a landmark agreement with top european energy giants the projects aimed at delivering russian gas to.

economy. truly among our g-20 partners prime minister cameron has truly among our g-20 partners prime minister cameron has been a leade by example. [ applause ] >> rt. hon. sthen harper: prime ster her canada owed yo progress carefully and i can safely say where it matters most, your thinking parallels that of our own government. to be precise,hileficit reduction is not an end, the g-20 fiscal targets agreed to lastr remain an essential element for rebuilding economic health of industrializations. >> (voice of trator):ike you prime minister we are combining thesals with a cl plan to stimulate job creati and economic growth. later this year, the leaders of t g-20 will meet in es. [end of translation] t. hon. stephen harper: i dare say when we g the in cannes will have much to occupy us at g-20. honourable members, without furtherado it does give me grtasure to introduce to you a man of immenseevolve and principle action, a great find of mine, a great friend of nada, the prime minister of britain, theht of nada, the prime minister of britain, theht honour david con. applause >> mr. speaker, mr.

the imf head has called on the leaders of the world's largest economies to take urgent action to ward off a global recession. g leaders are meeting in france, and they are under pressure to find new solutions to the problems of debt and economic stagnation. >> g7 finance ministers are only in france for a short while, but despite the pressure to come up with convincing anti-crisis measures to the world's industrialized nations still lack uniform intervention strategies. the europeans do not want to follow the example of the u.s. and launch a massive economic stimulus program. >> we support the united states in its work to ensure that the recovery in the u.s. economy can continue, while at the same time in europe, we have our own genesis. >> many european nations are struggling with massive debt, in part due to poor economic policies. the german finance minister has called for strict cost-cutting measures and no new spending. but a joint declaration on the way out of the crisis was not even on the agenda here. >> the duesseldorf court has upheld a ban of the tablet computer in germany. it is a victory for apple

this hour at just under one hundred and eleven dollars per barrel while w g i remains pressured by wars so to help will beat us economy. european markets have kicked off impulsive charts for investors are taking a break from two days of heavy selling food safety. skimming point six percent of the text is flat. and here's the picture in russia the russian markets seeing losses indicating shares may fall for a third trading take a major concern slowing growth in the u.s. and china and sure ups. will spark a global recession as i have a look at some of individual show moves on the my six most energy majors bounced back from monday's losses but look or a lot hotter percent meanwhile appliance retailer vito is gaining on the news of a possible merger with its rival eldorado on the world's clinical trials have declined with investors take the profit off turn the locals recent flies this rise was after one of its main shareholders the sell denied the fifteen percent buyback often made by the nickel producer. that's all we have time for knowledge join me for another business update in less than one hour and get more stories m

most part managed to avoid the majority of the global crisis is sending its economy extremely welcome to the things that really the g. twenty is supposed to be about the g eight i mean this is kind of an interesting phenomenon right now i think it's also continuity russians do very much like him he is genuinely popular this country but so is mr me but i would imagine the mystery bit will become prime minister and he will continue to push his modernization to go just as he was saying earlier ultimately saying that working in tandem putin and medvedev has been a success in recent years and will continue to be i think it's the only way it will work right now but there are no other candidates out there let's let's be honest right now russia's democracy is still developing united russia has a lot of development to go i mean just look at those faces there and the messages have to be more nuanced mr putin said that we have to respond to people more and they really need to they need to build parties more here but in the interim they have to strong leaders confidence in these leaders and who continually the course because of

economy. >> yeah, listen. corporate profits are still pretty good. that's only part of gdp. gut dp is also consumer confidence and people don't spend money unless they go to work. that's what you have. that's the problem you have. i think the real problem is if we do go into a double dip, and we might just stay like this, which is not so good with 9% unemployment for the next three years until we have a change of fiscal policy, but if we do go into a double dip, what does that do for banks? that's why the bank stocks are so crazy. i'm not saying we're hitting 2008 financial armageddon levels. but if consumers aren't working, they're defaulting more on their loans, that hits bank balance sheets in a big way. that's why no matter what warren buffet says, bank of america is still in trouble. >> neil: the reason why a lot of folks look at the financial sector, as you know, charles, and you report on this yourself, that they can be a harbinger of things to come. and if you think about it, bank of america's case, you know the numbers better than i, that it has -- the 13 billion or s

economy there is a chinese willingness and hunger to engage more proactively. i think we will see over the next five years much more significant chinese engagement on g 20s to stabilize the global economy. i hope we can explore that as well. one of the significant issues -- no place to start other than the analysis of the chinese economy today and tomorrow. we couldn't have two better in producers for that discussion than daniel rosen and elizabeth. they will speak for ten minutes and we will have a conversation and open up to the audience and hope that you will contribute questions and commentss. i will start asking daniel rosen to introduced the topic. >> i will use a few slides if i can. to get us started. let's see. good morning. it is a pleasure to be here at the front of a loaded day of terrific conversation on the topic of china in the world economy. that is the topic of our panel to get started. was critical to have david as the moderator or our topic would be global china, new master of the american economy. that would be an untenable way to kick off. it is a global impact we are here to look for. i am going to highlight three seems in terms of how china is

worldwide rate in the mid 20's, we would be smack dab in the middle of where the oecd, the g-seven, the major economiest to fair income. one footnote, when we make these comparisons, we have a tendency to put in state and local taxes. the fact is, multinational firms do not pay state and local tax on their foreign income. we are not talking about a 39% rate. we are starting with 35%. we need to get it down to 25%. >> dr. feldstein, on this question of where you get that sweet spot in order to increase growth to the greatest degree possible, get as many american workers employed as we can, i want to get your thoughts on the territorial issue. senator craig and i spend countless hours on this, and that is barely an exaggeration. i kept coming back to all of the issues with respect to territorial issues that involve gaming, where someone generate a profit over here and books that over there and the like. i came to the conclusion that competitive rates solve a lot of problems. our bill is 24. maybe it should be something else. i am open to continuing to look at a territorial system. but is it fair to say -

g. executives made huge paychecks selling these credit derivatives to hedge funds and others right up until the economy caved. so we don't need to fear hedge fund i don't think you're hedge funds i think hedge funds provide. a pretty intelligent best case for savvy investor base for the market. for a. spot in the play the wall street used to invest in the american economy in companies that used its money to produce goods and services but then wall street became the american economy our financial system was a reengineered through what's been called financialization with banks credit cards real estate and insurance companies as the new power players. capitalism is sort of gone off the rails it's ceased to be capital it's financial i say should the fact that it's now all about speculation the fact that it's about ponzi schemes and the facts about selling and buying paper from an economy of real goods real commodities and real services to a system where people were buying and selling money buying and selling assets buying and selling other firms were no new value was created most sensor b. says the whole s

g twenty summit and leave details on when we discuss this issue says we should talk about economy but he then used it recently where in the smaller states we have slowed down in north. dakota who has a room that you we're there in the oval well and that's our turnover grew by twenty we. reached sixty in blue is the and going to. double this is a good for the children because not only turnover is growing but michel investment i go in as well if you use. and i want to ask questions to bring this investment to the guaranteed level and to ensure the. legal framework is wired to this investment and that is. to ensure that they're mutually beneficial to the investments of british companies and that's what i'm going to. be have a huge importance in. when incorporation in the field of narrative knowledge is we have signed a question on knowledge of. modernisation we haven't done this in order to show you of course relations. in the more than. two way from. we're all materials into. aspects of economic cooperation and i believe that this is a memorandum of this subject of the way which you can