out of time gloominess we'll have to leave it at that that was in your cult and here's to joseph gagnon and that does it for now we'll have more news an hour and a half. rachel martin you're broadcasting live from washington d.c. coming up today on the big picture. it is. still. something if you want to. blow it welcome to cross talk computor all about the life and slow death of social democracy in the west an idea once deemed to be part of the very foundation of democratic values and economic prosperity is not only question today but also scorned by some is the west entering an era of radical ideologies and policies. that can. steer the. cross-talk the condition of social democracy i'm joined by allan meltzer in pittsburgh he's a professor of political economy and public policy at carnegie mellon university in new york we have richard wolfe he's professor of economics americas university of massachusetts amherst and in chicago we cross the street stanek he is a research fellow at the heartland institute all right gentlemen this is crosstalk that means you can jump in anytime you want i

there's a contract country for fifty or so years gagnon. magine that fifty or so years which means that for the minimum six seven years both summer and the moscow factories they will be fully engaged in their lots of work to do this success cements the reputation of soyuz as the world's top space program but it also turns a new page in relations between the european union and russia c.d.o. e.u. figures with their two and expressed optimism for the new corporation the two galileo satellites into a little bit without a glitch to the cheers of the lord's team in guests in russian soyuz means union of both the e.u. and russia will be hoping the project will indeed mean a union of interests and close a partnership the new bushel altie french guiana. i nearly half past the hour here in moscow is the occupy wall street movement going to change the face of america that's the question we're asking in our interview in just a few minutes time or first at the week's top stories in just a minute. four thirty pm on sunday here in moscow you with not see

milan blew the first italian side preparing to join the continental hockey league in this robot that gagnon reports from the land plan is coming together nicely. if. the middle east luly x. to europe strongest one this will these young and clears i know looking forward to meet me learn the ropes a blue team which will enter the continent of hockey league next season and regrind the club and in taking over five time utility champions in milan the voiceless in two thousand and eight the level of investment went down so we decided to. restart again three years ago in the second division and that was good because we made of the seven players than the six players and then lastly we made the semifinal we end up in the first place however this year we can have some visions go much higher for a subdued ending to this lead to the next week as well as pairing for their dead heat and the kid chill in twenty will feel like an elite stars plays in coachella then you have a second team which plays an italian league top level for the top league and then we can maybe you know move the italian players back

gagnon coordinator of the global network against weapons nuclear power space thanks for joining us on the line tonight from washington d.c. . so just a little bit after twenty eight minutes past eleven o'clock at night here in moscow looking ahead what we've got coming up the rest of this for you then coming up shortly artie's people of his guest discuss who stands to benefit most from the fallout of that u.s. around assassination scandal making all the headlines to cross-talk on every shortly in about three or four minutes after the headlines my name is kevin i want to thank you for being with international. he. says.

right to help us sort out what this means for europe and for the united states in studio is joseph gagnon he's senior fellow at the peterson institute thanks so much for being here so big picture we see everything in greece deteriorating this is on top of what is a sovereign debt crisis in many countries in the euro zone effects banks who failed to act enough to stem this well the problems go back many years because countries throughout the eurozone. have large budget deficits that they were not supposed to be able to run under a monetary union but they were allowed to run and of course. has come back to bite them and. i think the euro area is in a much more dangerous place in the us despite it's also having the same problem here because they don't have central to school authorities and i think that's a key difference it's interesting you bring that up we see that being an issue with political leaders all trying to decide on expanding this bailout fund but my question to you should the e.c.b. the european central bank have done more well i think they're going to be pushed into it i think