cross talk what went so wrong fighting drugs i'm joined by geoffrey my run in newton is a senior lecturer and director of undergraduate studies in the department of economics at harvard university he's also a senior fellow at the capitol institute and he's also the author of the book drug war crimes the consequences of prohibition and in san diego we cross the acer hutchinson he is a senior partner at the acer hutchinson law group all right gentlemen this is cross talk about means crosstalk rules in effect but before let's have a look at a short report about this forty year old war. a worldwide enterprise worth some four hundred billion dollars a year illegal drug trafficking has become one of the most ferociously lucrative businesses in the world alongside only the oil industry and the arms trade and single largest market the u.s. is also the world's biggest consumer of cocaine heroin and marijuana shipped from colombia and mexico although the u.s. government has been hard pressed to control and retail the necrotic straight drug related violence has spread like wildfire across latin amer

geoffrey and that point is that it's the just like really it's not it's not there who's going to be i think we've gotten past that i mean it's the it is it's the ideology that's coming out of the i.m.f. because what what peter said is that these countries are going to vary so you have to be very successful but that's where the i.m.f. so head to head. let me answer the comment the united states over the last decade followed an irresponsible policies of the budget deficits during the bush administration and deregulation and all the rest of it did the i.m.f. say oh that's fine because they were an ad hoc know the i.m.f. article forward consultations the annual reports criticizing us for that nobody paid any attention nobody cares americans don't care the media don't care but that's a matter of power politics it's got nothing to do with who's managing director of the i.m.f. they said the right things but nobody cares there are certain power realities in the world and you can't blame them on the i.m.f. by the way so it's issue of growth so that's one sure i don't want to lend saying they a

i think if you talked to the eastern european countries and others who have been forced to read geoffrey jump in here will continue this time that i'm going to break here after a short break we'll continue our discussion on the state party. wealthy british style. yes but on. markets why not i'm going to. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into kinds or report on r g. as you know song was sixteen years old when he committed these murders that's not to say that song so or some might be honest for his crimes song is being honest no rational person can deny that song has been punished is being honest and will be honest. most hours must be executed for the brutal crime committed this is a punishment this is not. an imagined. stage. because you've. been immersed know your whatsoever. and i didn't come here justice. and heard the rumors. as congress more. final martin. and my that is now. in services but ots available in grand hotel europe grand hotel emerald marco polo blue they club scho

like to mention that the question answer portion of the program will be moderated by a professor geoffrey hazard, a distinguished professor of law at uc hastings. the professor is a leading expert in the field of civil procedure of legal ethics and is good at asking questions. it is my pleasure to introduce our very special guest, stephen zack, president of the american bar association. with nearly 400,000 members, it is the largest volunteer professional membership organization in the world. mr. zack is the first hispanic american to serve as the president and the second to be born abroad. he was only 14 when his family emigrated from cuba under harrowing circumstances, including last minute detention by the secret police. he made it here. in two lines -- and two lines come to mind when i think of him. "this is my country, land of my choice. this is my country, here i found voice." what a voice it is. he earned his aba at the university of florida and he is now in their hall of fame. he is a partner in the miami office of the national law firm. his clients range from former vice presiden

seems like a drop in the bucket for a city that had 10,000 foreclosures alone just last year, but geoffrey smith, from depaul university's institute for housing studies, thinks chicago is on the right track. >> the bottom line in many of these communities there might be interest. affordability is quite high at this point. i think it's just a matter of deploying resources effectively based on the conditions of each individual community to try to leverage what's happening there and moving forward. >> reporter: the city hopes saving some properties will save entire neighborhoods and save chicago a lot of money in the long run. diane eastabrook, "nightly business report," chicago. >> tom: remember these images? a deadly explosion leading to a burning oil rig, sinking into the ocean. then, fishermen out of work and tourist areas shut down. today, b.p. updated what it has spent so far to fix last year's oil spill in the gulf of mexico, and its far less than the $20 billion the company set aside. the fund established to compensate victims has paid out $5 billion to individuals and businesses. sep

crosstalk the events of august one nine hundred ninety one i'm joined by geoffrey hosking in london he is america's professor of russian history at the university college london in oxford we have archie brown he's america's professor of politics at the university of oxford and indeed we know the world we go to make like petro he's professor of politics at the university of rhode island all right gentlemen this is cross talk that means you can jump in anytime you want but first let's have a look at the failed coup of one thousand nine hundred one. on august nineteenth one thousand nine hundred one instead of tuning in to the soviet national anthem citizens across the u.s.s.r. woke up to a radio announcement that would start a sequence of events leading to the eventual collapse of the soviet union issued by the self-proclaimed hard line state of emergency committee in auslan stated that mikhail gorbachev's efforts to reform the soviet union have gone into a blind alley and also declared a six month state of emergency in various regions of the country by that time gorbachev had already be

looking i want to i want to give i want to and we're almost out of time gentlemen i want to give geoffrey the last word go ahead. well i think that capital flows issue i don't disagree with where it's coming from but that's not that's yesterday's war the i.m.f. now has moved more in a direction which i agree is is that under certain conditions like brazil's controls on inflows are the ones chile most famously had. some controls well targeted can be can be useful but that's really beside the point i want to conclude on the point that there is a chance if the emerging market countries could get together behind a single candidate already jeffrey we really. run out of time completely out of time many thanks to my guest today in cambridge and london and thanks to our viewers for watching us here at r.t.c. you next time remember prost talk. and. in indonesia and she's available in hotels coming down the resort and spawns good results in small bones come on come down upon the amount of pain turned on sentry and the result in spawn sunday of peach otoh the wisdom result to subdue a club med conni