because they like george osborne they have proven to do sherry's stewarding their capital and not some yahoo eaton oxford you know friend of cameron georgie porgie in his bubble in front toting. and then finally here max peter luger steak prices may soar as drought coles herds. so you know in america there's a major drought and the corn crop is failing and americans feed their cattle corn which of course destroys the quality of the meat but nevertheless minetta tavern charges one hundred forty dollars for its coat to book for two that's a fifty six percent increase from may two thousand and nine when the restaurant charge ninety dollars sounds like a lot of inflation in u.s. dollars anyway max yes priced in so over there's been actually decrease exactly see on the one hand your steak is getting a lot more expensive in the u.s. fifty six percent in just three years however it's down about thirty percent and silver prices so silver traded at fourteen dollars to fifty cents a may two thousand and nine which means it would have cost six point two ounces for that coat to buffer to at minett

north sea oil tax revenues fall offers a glimpse into a diminishing future so last year george osborne slapped a two billion pound tax rise on producers which was almost an eighty percent tax free you know we invade countries if they raise their taxes thirty five forty percent so in his most recent budget the chancellor revealed that the oil industry responded by cutting production by eighteen percent leading to a two point three billion pound drop in tax revenues combined with many fields coming to the end of their life this is seen output fall a total of one point zero four million barrels a day was pumped in the year to march two thousand and twelve down from a peak of two point seven million in one thousand nine hundred nine and the lowest since the one nine hundred seventy s. so you know look at this chart here max of brant crude oil prices in one thousand nine hundred nine their peak which was the lowest all time bottom price for oil was nineteen dollars a barrel well you know this is what happens when the governor. throws money at the the oligarchs and the monopolist the oil com

consumers it is a consumer economy after all why not help the consumers know that never go to george osborne youyou eaton oxford you know friend of cameron georgie porgie in his bubble and fraud putting. products labeled made in palestine are a symbol of pride for their producers however due to israel's economic blockade of palestinian farmers struggle to get their goods to the rest of the world as artie's parsley or found out things are about to change. this tiny bottle of olive oil is at the heart of an economic battle it may be small and expensive but it's one of those products that defines where people stand in the ideological battlefield of the middle east from palestine to europe and beyond each purchase is seen as a shot in an economic bailout through other people are not sufficiently aware that israeli settlement products are competing with palestinian products abroad also when we tell the customer that there is a difference between settlement products and israeli products and do you understand we are living under occupation and we can. to buy or not and more and more consumers are c

same survey six months ago sixty percent of the country's millionaires said they had faith in george osborne but now fifty two percent admit they have no confidence in his plan to fix the economy and don't believe in the coalition government economic strategy and the rich on the only ones who have lost faith in the government in a serious crisis of public confidence five out of six voters now believe the coalition won't survive until the next general election in two thousand and fifteen the liberal democrats and conservatives have vowed to stick together to solve the economic woes but if they fail to do that it could easily be a very long and painful hangover. and later this hour in our business while russians are heading to the shops in spite of the economic uncertainty so whirling around right now katie russell they are indeed with credit cards and going shopping meanwhile elsewhere in the world people all like to. be explaining why the business better than i gave you a breakdown of all the global action in about five minutes time. and more world news for you right now from the norwegian p

same survey six months ago sixty percent of the country's millionaires said they had faith in george osborne but now fifty two percent admit they have no confidence in his plan to fix the economy and don't believe in the coalition government economic strategy and the rich on the only ones who have lost faith in the government in a serious crisis of public confidence five out of six voters now believe the coalition won't survive until the next general election in two thousand and fifteen the liberal democrats and conservatives have vowed to stick together to thole the economic worries but if they fail to do that it could easily be a very long and painful hangover. and more will need. didn't brief you this hour from our team which are in politics say they've received death threats from the un to muslim organization that mass murder anders breivik claims to belong to about it's expected next week to decide whether the killing sent to prison or psychiatric facility have met its killing seventy seven people mostly teenagers in two thousand at times on you toy island and also low but denies terror

consumers it is a consumer economy after all why not help the consumers know that never go to george osborne yalu oxford you know friend of cameron georgie porgie in his book full of fraud putting. a zero seizure of palestinian land brings with the added extra overhaul she can only eat any products made that are not only prevented from making their way to the outside world but they're kept from these rating market as well and she's point to it takes a closer look at the hardships of palestinian farmers and produces. this tiny bottle of olive oil is at the heart of an economic battle it may be small and expensive but it's one of those products that defines where people stand in the ideological battlefield of the middle east from palestine to europe and beyond each purchase is seen as a shot in an economic war. other people are not sufficiently aware that israeli settlement products are competing with palestinian products abroad also when we tell the customer that there is a difference between settlement products and israeli products and they understand we're living under occupation and they c

same survey six months ago sixty percent of the country's millionaires said they had faith in george osborne but now fifty two percent admit they have no confidence in his plan to fix the economy and don't believe in the coalition government economic strategy and the rich on the only ones who have lost faith in the government in a serious crisis of public confidence five out of six votes is now believe the coalition won't survive until the next general election in two thousand and fifteen the liberal democrats and conservatives have vowed to stick together to thole the economic worries but if they fail to do that it could easily be a very long and painful hangover. and still ahead for you this hour the. global giants learning to love thy neighbor. like a buddy up an increasing weight but some previous powerhouses are feeling mightily left out and want to get in the way as reports in. more world news right now from r.t. for you clashes between the tibetans and police have left one man dead they ruptured one two months of themselves on fire their conditions unknown despite heavy guarding somet

the sea or put them out of the wild for the world the beast a jew i'm up right i mean this is george osborne and alan greenspan and ben bernanke theory about how to deal old age in modern society just cut them off from their pension by shifting through quantitative easing their income that they were getting to keep them the tubes in their bodies flowing with oxygen and food to put that in the hands of wall street and the city of london speculators you know just this is the final solution so ever since alan greenspan came in and ronald reagan came in and started finger painting the economy trying to fix the economy and the financial system as they saw that they thought it should be improved according to their their restoration so during this entire reign this is what happened in the u.s. study middle class suffered worst decade in modern history as we just stagnated share of income fell this was from pew research max and they found that in one nine hundred seventy the share of u.s. income that went to the middle class was sixty two percent while wealthier americans receive just twenty nine pe

the newspaper does say any plan would likely meet with opposition from chance lor george osborne not to mention a few others involved. a sign of what's to come? what do you think. you can e-mail us at worldwide@at cnbc.com or reach us on twitter. ross. >> yes. you may find on my tweets over the next couple weeks rather more olympic references than olympic ones. i will keep up mixing for the next two weeks. i apologize. i'll keep mixing up business and sports. still to come, another exciting episode of access middle east takes place tonight. the focus this time is on the uae. we have a sneak presprview when come back. [ male announcer ] this is the at&t network. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better. ♪ >>> plenty to focus on day five, olympic cyclists to

treasury secretary geithner assured george osborne that u.s.ulators investigating standard chartered will coordinate their actions. it's been voiced concern that the bank may not be treated fairly in the investigation, this as finch warned it may cut its rating on standard chartered following allegations of dealings with iran. in a statement, the ratings agency said the bank could be downgraded when there is more clarity on the situation, and clarity would be good, kelly. >>> well, u.s. corn futures, meantime, hitting a record high ahead of the usda crop report today. the first report released since the drought in the midwest began. it's sparking fears of global food price inflation after the food price spike in 2008 that caused unrest and riots around the globe. we'll discuss that and the fuel versus food debate with our guest, anna puchi-donnelly in about 20 minutes time. >>> today is a big day for man chest -- manchester united. will it score with investors? tell us what you think on the poll on our website and tell us where shares will end