economy and financial markets and then the other channel of course is capital outflows those may intensify further delays in reaching the compromise in the us to a place washington's position as the global economic and political elite are threatened this is certainly something that undermines. the the role of the u.s. and leading the world economy out of its current predicament and going forward of course the hope is that some sort of a working arrangement is worked out in the u.s. so that cases like that in the future are avoided well let's get more perspective now from robert she's chair of the european union think tank of the bruges group robert so if it did happen if there was a default how would that affect the european economy and indeed asian economies. it would have a big effect of course particularly for the asian economy such as china which owns a lot of us dead of course the situation is though is that under president obama public spending has increased massively the debt has increased massively it's approaching seventeen trillion dollars simply raising the debt ceiling again is like you have a hangover or the approaching a hole just to put it off but of course ultimately jus

find out what's really happening to the global economy because the reports. in the afternoon after moscow the economic crisis in greece has forced the oldest university in athens to close down along with seven others to the administration so they can no longer function after government cutbacks last stuffing levels and now students who should have started a new academic year have been left in limbo therefore. the reports. students have studied at athens university since the middle of the nineteenth century but today they carry placards not books youth will fight austerity it says the message is black and white america the anger aimed at government cutbacks but you force the university to close. of course i'm concerned right now a lot of students you know in schools and universities feel that they have no future here. the protesters are heading towards the greek parliament among them administrative workers who've borne the brunt of the redundancies archivist treasury employees and security guards stand alongside students who should be starting a new academic y

happening this bickering between republicans and democrats that really threatening the entire global economy you have the head of the world bank talking about the consequences it will have for the developing world as well as developed economies and then also you have u.s. trade partners they're terrified countries like china what will happen everyone is watching very closely and some experts are saying that whether or not the u.s. does default it's countries like china there are huge economic partners that are going to have to rethink. bagot states here is jeffrey some earth of the university of wisconsin milwaukee. and united states of course is an economy which lives on global credit and the foreign purchase of its treasury bills so this puts it in a very precarious position moving forward in terms of the ability to fund many of its programs domestically for those countries in which finance is a very very big player in their economies they're very very nervous so i think it's you further you will see that move and of course china has been trying to see if it could coordinate a new order wh

currencies will take on board more importance not i think it's going to happen anyway at the global economy is changing there's a shift in the center of gravity from west to east so-called emerging markets economies which i think actually is the wrong but developing developed economies whatever you want to call them are actually already incredibly important for the global economy. will continue to do so over the longer term so these changes that are taking place could easily be accelerated by the problems that we're seeing in america the most economist and former u.k. treasury official neil mckenna thank you very much for your thoughts on the american standstill at capitol hill. now reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight did this all on the cause or report us s. is china's aspirations five years on. keeping this is an acrostic ridicule on washington the news agency called the u.s. civilian slayer prisoner torture and meddler and others affairs and said the pax americana was a failure on all fronts well i mea

where do you think the global economy is? i in begin with you, john. >> i think the global economy is in a period of uncertainty at the moment, actually. all the countries you talked about, in america people are worried about what is happening in washington and dysfunction there, here in china, you have got the big plan coming up there and people worried about just exactly how much of a soft or hard land dog we go into, and those are the good ones, and then when you look at europe, particularly the euro zone you see just basically nothing is happening, very much less than we hoped and so there is not a disastrous, in some ways it is better than last year but it is not a particular feeling of hope, it is a lot of uncertainty out there. >> rose: why the uncertainty? >> uncertainty usually goes back to government, that is what the, he is immediately disagreeing, but i do think -- no, i do think it is generally in each case if you look at america you have got the sense that it is do to do with congress and the white house and is

as i said, the central bankers rescued the global economy and in doing so, a lot of money was moved around. and a lot of capital flew into those emerging market economies. bond inflows alone rose by over $1 trillion, which is more than 2% points of gdp a year for the recipient countries. now that markets are getting jittery over the perceived end of easy money, the financial tide is starting to recede. it's receding in different ways depending on the countries. that's where the fundamentals of the economies have a role to play. if you look at korea, there has been capital inflow, but not much capital outflow. there's a reason for that. and this is really exposing tensions that were less visible when times were good, including some easy credit, growing corporate debt. by our estimates, the turbulence since last may could reduce gdp by .5% to 1% in major emerging markets. some are more vulnerable than others. turning to policies, what does that mean? what can policy makers decide? what proof can they use? well, the immediate priority in our view is to try to ride that turbulent moment as smo

we live in a 21st century global economy. and in a global economy, jobs can go anywhere. companies, they're looking for the best educated people, wherever they live. and they'll reward them with good jobs and good pay. and if you don't have a well-educated work force, you're going to be left behind. if you don't have a good education, then it is going to be hard for you to find a job that pays a living wage. and by the way, other countries know this. you know, in previous generations, america's standing economically with so much higher than everybody else that we didn't have a lot of competition. now you've got billions of people. from beijing to bangalore to, you know, moscow. all of whom are competing with you directly. and they're -- those countries are working every day to out-educate and out-compete us. and every year brings more research showing them pulling ahead, especially in some of the subject matter that this school specializes in. math and science and technology. so we've got a choice to make. we can just kind of shrug our shoulders and settle for something l

they are a major force for growth in the global economy. but major disasters are a constant threat to their industry. these countries are trying to cooperate more closely. nhk world, hanoi. >>> police in thailand are investigating the cause of a bus crash that killed more than 20 people. it's the latest in a series of accidents that have contributed to the highest road death toll in southeast asia. police said on thursday that 22 died and 16 others, including the driver, were injured when the bus plunged about 30 meters into a ravine. the accident occurred in the mountainous northern province. the bus was carrying mostly elderly worshippers. they were returning home from a religious ceremony. >>> fatal road accidents have become a major problem in thailand. the world health organization reports there are 38.1 road deaths per 100,000 people. the average for southeast asia is 18.5. earlier this month, at least 16 people died when the truck they were traveling in slammed into a tree in the northeast. associated press said up to 26,000 people d

default, if that happens, would have catastrophic consequences on the global economy. so says the chief economist of the international monetary fund. although he called the default unlikely, the imf says failure to pay would be felt right away leading to disruptions in the united states and abroad end quote. >>> the u.s.'s second largest creditor also weighing in on washington use budget and debt limit in pass. japan's leaders is pushing to resolve the deadlock and it would reek havoc on japan's vie nices because of investments in u.s. treasury bonds. late today, we received reports that treasury secretary lu held a conference call with the financial stability oversight counsel about what would happen if the debt limit is not raised, the chairpersons of the scc discussed the impact of the lapse in funding in their ability to monitor and respond to potential market events. details of the call are not known at this time. >>> and small business owners feeling less optimistic these days. the survey taken in september shows they are worried about the economy, even though th

the most important thing the united states can do for the global economy at this point is to generate a more vigorous recovery here in the united states. i think that will have positive spillovers to the rest of the wor world. and anything that we do such as the fiscal turmoil we had this year, the earlier premature talk of fed tapering are things that slow the u.s. economy, and i think that's not good for the global economy. >>> japan's financial regulators are considering whether to impose additional penalties on mizuho bank for submitting a false report to authorities on its loans to organized crime groups. an independent panel of lawyers released their findings. they concluded the bank didn't intentionally cover up the problem when it presented a report to the financial services agency. the lawyers said the bank's top executives weren't fully aware of the loans to crime syndicates because they were made indirectly through a consumer finance firm. mizuho announced a business improvement plan including penal penalty for its top officials. the chairman will resign and the president s

and the global economy has been a headwind for the past couple of years. the jp morgan global pmi index is at a 27 month high. you look at things like the baltic freight index---more freights circulating. and so i actually think that the economy is getting quite a bit better. and the thing with the u.s. is that actually credit is starting to circulate now, which has been the missing ingredient from the fed pumping all the money in the system. it's now actually appearing as if it's starting to circulate. > >so who's looking for that credit? small businesses typically? > >small businesses. you also have people---individuals looking for credit. a mortgage company---i believe it was ellie may---actually did a survey and they showed that in august of 2013, 30% of residential mortgage applicants who were successful actually had a fico score of less than 700. contrast that with august of 2012, where it was only 15%. and so credit is easing. and that's actually a decent thing for an economy looking to move forward. > >you've done a lot of research. you're recognize

economy right that will kind of a global contingency plan is in place in case of a u.s. default well the default is very close the nightmare scenario and i think that all people involved will do the best they can to avoid as a default nevertheless yes we can complicate the only denies the possibility of a default if a default is to take place is that the. equivalent of an clinton earthquake and it is. not because of this conflict once that i don't think that the default will be possible. there. and then. try from agreements before the mid october before the deadline for the default here but what does this whole situation do to the reputation of the u.s. dollar as a global reserve currency. yes certainly and it absolutely obvious is that all these events the shutdown the possibility even removed of a default weighting of the reputation of the u.s. dollar by so we the fed policy is also waiting of the reputation of the u.s. dollar but on the also hand it is very clear that so far also a currency called pigs of police of the u.s. dollar are certainly not the euro which it's

find out what's really happening to the global economy cause a report on our. dramas that's trying to be ignored. stories others who refuse to notice. the faces changing the world. so picture of today's no longer from around the globe. look to. welcome back this is r.t. moscow has expressed disappointment with another once after it failed to deliver an explanation for the treatment of a russian diplomat in the hague the police reportedly broke into the fish oils house and beat him in front of his children before briefly detaining him russia's president described the assault as a blatant violation of the vienna convention on diplomatic relations and earlier russia has demanded an apology over the incident which has yet to be given russian affairs analyst mark macaulay believes the case deserves an explanation. the usual thing then is to. leave. and if that happens then the dutch will expel. a russian diplomat from the netherlands tit for tat that's a normal thing in diplomatic development behavior. and they obviously are very annoyed by this because it's an extr

i am talking about the global economy big us is one of the main players in the global structures like i met for example can it still be trusted. to. come in here. you know we it's the us the usa post ability and then the kind of the growth of this point of time looks a very solid. we don't expect any in the village to big volatility probably coming from would say political dispute which we really is a result of the discussion with the republicans and democrats which both it's not the first time it happened so it will continue but i would say investment climate is much more dependent on the on the longer term economic factors which still was as you mentioned the very strong in the u.s. and what we what we can see is the interest to emerging markets the stuff. to grow . was historically proved while. when the rate starts to go up in the u.s. more and more investors will think of the diversifying their investments versus the emerging markets unfortunately in last couple years we'll see the opposite scenario while the money was was given from the moment margin markets to developed markets

fulltiming over the global economy one of the business leaders said to me yesterday that the prospect about the fall is simply on for you people the consequence is a wrong thing to go so it's still not clear with uncertainty hanging over the states where the global economy is about to enter choppy waters or calm sea. while one country that seems to be benefiting from president obama's absence from the summit is china if present the u.s. leader was expected to have pushed for a transpacific partnership a trade block that actually excludes beijing nial bowie md a malaysia based political commentator and columnist says china is losing no time in trying to blunt america's influence in asia. show you some boasted about this it all but she came to indonesia you came to malaysia around the time. that you come in and at the same time you start huge billion dollar deals with the government and you also announced a new strategic partnership leisure so i think countries like indonesia when should they have a great deal more incentive to cooperate with china to work with china because there are e

to the global economy with my instructor a no holds barred look at the global financial headlines. as a report on. the n.s.a. surveillance scale sparks an exodus from the dot com domain ag lobel push to shield sensitive data from the prying eyes of foreign investments. the american people are furious businesses are enraged and the world economy is held hostage but for lawmakers in washington it's career over country less than forty eight hours remain for the united states to and the deadlock and avoid the folding audit seventeen trillion dollar debt. and an uneasy celebration in moscow as over one hundred thousand muslims gather for one of his launch holiest days this fall sunday's violent affleck riot provoked by the failed stabbing a russian man. this is r.t. coming to you live from moscow with me marina joshie welcome to the program america's national security agency could soon see its global surveillance powers curtailed as foreign governments and firms move to bolster the or cyber to francis brazil's leading the charge with an encrypted e-mail service while germany's biggest t

falls into recession which would inevitably have a knock on effect elsewhere in the global economies international investors will be looking for a reform of the international monetary system and they'll be challenging the role of the dollar as the leading reserve currency now reducing reliance on the u.s. dollar has been discussed ever since the credit crunch struck back in two thousand and eight next hour on our team because a report assesses china's a separation is five years on. heaping criticism and caustic ridicule on washington the news agency called the u.s. civilian slayer prisoner torture and meddler and others affairs and said the pax americana was a failure on all fronts well i mean china should walk the walk instead of just talking the dogs kicked out mcdonald's kicked out kentucky fried chicken kicked out coca-cola they're making your citizens obese and you're getting diabetes so you know they talk the talk but will try to walk the walk simultaneously and they say they want to d.m. merican eyes the world here's a here's a country that has huge exposure to exports to amer

find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to cons a report. says the media leave us so we leave the media. by the sea potions to cure the play your party there's a bill. for shoes that no one is asking with the guests that you deserve answers from it's all on politics only on our team. to go to the. science technology innovation hall believes developments from around russia we've got the future covered. welcome back you're watching our president of afghanistan has slammed the occupation by nato honest twelfth anniversary accusing allied troops of making a nation suffer and failing to uphold security the criticism comes at a crucial moment for the country seeking to hold first democratic transition of power during next year's presidential election the taliban overthrown by the us led forces over a decade ago recently promised to disrupt the vote and after nato pulls out all aspects of security will be in the hands of the afghan army meaning they would have to deal with high risk milita

of course puts other world economies at risk so it's so washington's position as the global economic and political elite can be changed or threatened well i think this is certainly something that undermines the. authority and the the wall of the u.s. and leading the world economy out of its current predicament. certainly what the expectation is i think from a lot of the countries is that the u.s. which is one of the leaders of the world economy would lead by example and would certainly contributions to. you know work and economic upturn and the resolution of the key economic challenges that the world economy faces here clearly this case the budget problems that the u.s. is experiencing it presents a challenge to not just to the u.s. economy but to the global economy to the global financial markets and going forward of course the hope is that some sort of a working arrangement is worked out in the u.s. so that cases like that in the future are avoided sure the u.s. is one of the most indebted countries in the wild so how can it retain the confidence of its debt. well i think the only w

and its effects on the global economy when i joined live by economist. mr vest and welcome to tease good to see you here and in your opinion just how bond. be. oh default would be a catastrophic event you would have the increase in the cost of borrowing for. around the globe you would have inflation in the us increasing on the back of a very sharply falling dollar. and it would basically affect every single country in the world given that the dollar remains from the the key reserve currency right but do you think the u.s. will make a last minute decision and find an agreement to raise the debt ceiling well i think they will have to given that i said it's going to be a catastrophic event the unfortunate issue is that you have a number of politicians on the republican side the so-called tea party which actually believe that a default would not you know that russia or the u.s. can. can actually handle a default something which i think is very reckless and irresponsible you're looking at a congress that is basically run by children. and you know the fortunat

economy and financial markets and then the other channel of course is capital outflows those may intensify further delays in reaching the compromise in the us to a place is washington's position as the global economic and political elite are threatened this is certainly something that undermines thord t. and the. role of the us and leading the world economy out of its current predicament and going forward of course the hope is that some sort of a working arrangement is worked out in the u.s. so that cases like that in the future are avoided however robert oulds chair of the n.t. european union think tank the bridge group says that washington is between a rock and a whole place when it comes to solving the crisis. the carbon crisis with the shutdown in of the us government and public servants not being paid that will harm economic growth that undoubtedly just raising the debt ceiling is not an answer that will just store up further trouble and will be the same situation just a few years down the line again there was a similar crisis in two thousand and eleven where the. steps then of course led to a downgrade in u.s. debt since then boy when costs for america have actually or did actually d

find out what's really happening to the global economy kinds of reports. to come up close to. the first trip. and i think picture. on a reporter's twitter. and instagram. could be in the little odd. clip on your arm and watch it in. the face. and. a pleasure to have you with us here today.

larry, let's talk a little about the global economy. i know you've been traveling a lot. to europe. you've been to asia. what can you tell us in terms of your characterization of where we are in this recovery? >> a lot is depending on the united states. we hoped that we would get past a point where the united states would be a principal locomotive for the global economy. but i don't think we're fully there. if you look across the brics, brazil really is struggling to have positive growth. russia has very severe problems. india's growth is falling way off. and china, i think, will maintain a rapid rate of growth, but it faces some very profound challenges. environmental challenges, financial challenges with respect to a still government dominated banking system. ultimately, political challenges around managing prosperity along with liberalization, along with maintenance of their system. they face some very severe challenges. so i don't think we're in a position where in the next several years, we can rely on the rest of the world to pull the global economy along. and so a

markets find scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on r.t. . this is coming to life for most to welcome back russian investigators have started to file formal charges against the group of greenpeace activists currently being held for attempting to storm and oil rig in the arctic so far five of the protesters have been charged with piracy. well the investigative committee began filing official charges against greenpeace activists and they are being accused of piracy if found guilty then they could face up to fifteen years behind bars for the say that their actions didn't only threaten the lives of the oil rigs workers what the environment as well greenpeace denies all the ikea's asians claiming that it was a peaceful protest to just remind you on the eighteenth of september group of the organizations activists try docking to rig in the russian north several tried climbing on the border they were arrested by the federal security service and then all thirteen were brought to

find out what's really happening to the global economy with max cons or run no holds barred look at the global financial headlines tune in to kaiser report on our. we speak your language will not advance. news programs and documentaries in spanish what matters to you breaking news a little tentative angles kidney's stories. so you hear. the spanish find out more visit. real damage and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil this is a huge step backwards for the marker sea it's a step forward. corrects it is toxic as it looked like spraying in vietnam it was it was not a picture that either the government or b.p. really wanted to have out there i don't want

has come to find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into kinds a report. to police be told language. programs and documentaries in arabic in school here on. reporting from the world's hot spots fifty ip interviews intriguing stories for you to. see then try. to find out more visit our big. dog called.

world in ways that correspond to a more cogent analysis of where the risk actually is in the global economy many people call it the socialization of risk and the privatization of reward they get to keep all the reward and we get to have all the risk doesn't develop and actually addresses this issue he says credit has become the key for the central nervous system of the economy those who control credit control the economy those who control risk control the credit and those who control information control the risk . that's why credit rating agencies and american monopoly have such enormous power those put this in perspective the global g.d.p. is roughly fifty trillion dollars a global derivatives market our debt market our risk market is seven hundred trillion dollars so to get back to my discussion of how the left wing politicians completely missed the boat on this is that they focus on that fifty trillion number and try to redirect that wealth and they completely ignore the seven hundred trillion dollar number where the actual price discovery takes place where the actual changes in distribu

what's really happening to the global economy with max cons are there are no holds the global financial headlines kaiser report. more news today. fled the film these are the images the world has been seeing from the streets of canada. today. to cool. the piece of legislation was a terrible mistake now i'm very sorry i'm going to let you get along here is a plot that you never had sex with her make their lives let alone. just say. listen the i'm . melissa block. what is your. pleasure to have you with us here today. for several years. have been receiving the medicine from the doctors without borders clinic in mumbai. they were too expensive for private patients i didn't have an income and couldn't work so it was impossible for me to pay the medical bills. left everything in the hands of god i will live out the time that i am given i cannot take the medicine the drug on the market was too expensive. if any money where to get the money. or if i should take the drug today leave it i will take it tomorrow. is something. i always thought about the money. and i started taking the medicines her

economy and financial markets and then the other channel of course is capital outflows those may intensify further delays in reaching a compromise in the u.s. to a place washington's position as the global economic and political elite are threatened this is certainly something that undermines thord t. and the the role of the u.s. and leading the world economy out of its current predicament and going forward of course the hope is that some sort of a working range ment is worked out in the u.s. so that cases like that in the future are avoided. much more government must now shut down until congress funds it again. when we return now to our breaking news this hour here in r.t. and that is that multiple gunshots have been heard near capitol hill in washington d.c. now several people have reportedly been injured but as i say reportedly here still details are very scant but we can now join in the snow if she. washington d.c. itself and the what do you know about what has happened. like you say this story is developing very quickly the latest information that we're getting is that there was a car chase that ensued after this lockdown occurred of the capitol building and that at some point the

world in ways that correspond to a more cogent analysis of where the risk actually is in the global economy yet many people call it the socialization of risk and the privatization of reward they get to keep all the reward and we get to have all the risk doesn't develop and actually addresses this issue he says credit has become the key for the central nervous system of the economy those who control credit control the economy those who control risk control the credit and those who control information control the risk . that's why credit rating agencies and american monopoly have such enormous power most put this in perspective the global g.d.p. is roughly fifty trillion dollars a global derivatives market our debt market our risk market is seven hundred trillion dollars so to get back to my discussion of how the left wing politicians completely missed the boat on this is that they focus on that fifty trillion number and try to redirect that wealth and they completely ignore the seven hundred trillion dollar number where the actual price discovery takes place where the actual changes in distr

launch the global economy into crisis that's on line for you at. the court of human rights in strasbourg says it can't make a ruling in relation to the canteen massacre of over twenty thousand of polish officers imprisoned by the soviet union during the second world war it said it has no authority to decide whether russia conducted a full and fair investigation into the killings the call did criticize moscow for not handling over handing over a copy of the official order that ended a probe into the massacre which it was obliged to do in their appeal on the victims' relatives it was still rejected the court decided a failure to show families classified data did not constitute a violation of human rights. poor reform protesters spilled onto the streets of bahrain's capital after the death of an opposition activist they accuse regime forces of killing hussein mahdi her baby had already been sentenced in absentia to fifteen years in prison for speaking out against the government the gulf country has witnessed regular demonstrations for more than two ye

price builders and the banks in the city who are effectively the equivalent in today's screwed up global economy well in fact ok you mention a few things there but the housing bubble all economists will agree housing bubbles and collapses are the worst for economies more than just the normal cyclical boom bust recessions in the business cycle so we've just gone through five years we're now five six years into a global economic collapse and what do they do they want to spur it again well an estimated two hundred thousand people are expected to get a chance to purchase a house worth up to six hundred thousand pounds with a deposit of just five percent the government will underwrite an additional fifteen percent of the loan to make the deal attractive to lenders the twelve billion pound initiative will last for three years so that's the important thing is it's to make it attractive to lenders as buying votes because a lot of people are stoned and high and taken crocodile of the mortgage market but it's really about the lenders they're the ones that aren't lending because they know that anybody who

find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our. i was a new alert animation scripts scare me a little bit. there is breaking news tonight and we are continuing to follow the breaking news. alexander's family cry tears of the warrior great things other than. the average brit dork in a court of law found alive is a story made for a movie is playing out in real life. i work for a miserable wage and they yell at me that they should and they are not but. this morning i didn't go to work because i didn't feel well he doesn't look i'm venting about the boss was unhappy about that he got angry with me. and he told me i would lose my job if i didn't come but how can i work in the state my hands and my feet hurt so much. eleven workers feet and hands are eaten away by the chemical products used throughout the tanning process these products so extremely toxic for the skin but also when inhaled the tanning factories have no ventilation system. all the workers are exposed to dange

price builders and the banks in the city who are effectively the equivalent in today's screwed up global economy in fact ok you mention a few things there but the housing bubble all economists will agree housing bubbles and collapses are the worst for economies more than just the normal cyclical boom bust recessions in the business cycle so we've just gone through five years we're now five six years into a global economic collapse and what do they do they want to spur it again well an estimated two hundred thousand people are expected to get a chance to purchase a house worth up to six hundred thousand pounds with a deposit of just five percent the government will underwrite an additional fifteen percent of the loan to make the deal attractive to lenders the twelve billion pound initiative will last for three years so that's the important thing is it's to make it attractive to lenders as buying votes because a lot of people are stoned and high and taken crocodile of the mortgage market but it's really about the lenders they're the ones that aren't lending because they know that anybody who can o

find out what's really happening to the global economy with mike's cancer for a no holds barred look at the global financial headlines tune into cons a report on our. plate. coming up on our team in the nation's capital a woman was fatally shot as she tried to drive through barricades near the white house and capitol building and then led police on a high speed chase what we've learned about the suspect and how police responded to the scare ahead also the government shutdown has now entered day four lawmakers on capitol hill are still playing the blame game preserve any chance to break the impasse the latest on. that coming up and last year the iris collected billions of dollars in taxes but some are calling for a change of the estate tax critics say the tax is having a hardship on small businesses to look at the issue later in the show.