s on greek government songs in the same time they were trading on naked c.d.'s where that is alt to increase the spread of far bones in the same time they were doing a very very big game with this short selling of the government bonds here in greece that means they did all of the things together and in the same time from one side they were standing with naked increasing. the spread far beyond and from the other side they were creating an artificial low for bones in the international market with this short selling of the existing lot of the market what the courses of. generates a thousand then. the short seller they was obliged by the greek low to close for solutions in three days and the if they didn't global position in three days they stopped bank penalties on the. third was brought from three days then days and this speculators were freshly faded by the central bank of british. open for ten days and for more than ten days and without to pay any penalty about the well because it is up there is all the wars after one month every day they were naked says he is

economy or to the greek relations of the greek citizens or to the good of. all the european taxpayers will pay the crisis because the crisis is not of the system is not of the economy is the crisis of the banks because they managed in a very very bad way they are and now all of the european union or the citizens and the taxpayers who have to pay the cries of the banks ok dr. i hope everyone agrees. and watches what you just for the previous few minutes because it is. a well articulated encapsulation of exactly what's been going on in greece and around europe let me just fill in some of the some of the terms here first. yes or naked c.d.s. you're talking about a credit default swap which is an invention of blights masters over there j.p. morgan a known financial terrorist the credit default swap was sold as an insurance product but it is actually a fake insurance product because to have an adequate qualification as an insurance product you must have some reserves in the bank to reserve against was doesn't exist with the c.d.s. it's a purely it's an invention

the greek government owns the means they have. with a good government for the promotion of the big bones in the international markets the same and the same mission in the same time they were they sure of the negative the end they were. who they were. in the international market this is this is the point. and this is why we say. the war criminal when organized internationally supported people they've never seen the international markets if they stand on them odious and if it's that we're not helping them with reports of it we're publishing every day every day in this bitter those. claiming that greece is going into bankruptcy every day the greek banks bankruptcy wars the first. the first new album the international knows a lot on the war. in this game because they found a. shop or things up with their own information what happened in greece don't think about is different from what the script and include the other being you know that's mean. surprises. with saving grace today and the deficit crisis. is not something about the god it

the greek parliament approves new budget measures, but the unions are not happy. welcome to "bbc world news," broadcasting and the u.k. and around the world. also coming up, a convoy of dangerous nuclear material moves is secretly through europe. we have an exclusive report. hundreds are evacuate from their homes in california after a massive storm. >>> the u.s. senate has approved the new start nuclear arms treaty with russia. it reduces both countries arsenals of deployed warheads, bombers, and nuclear submarines and is seen as a key effort in president obama's efforts to repair the relationship with moscow. we have this report from washington. >> mr. kerry? >> aye. >> on the senate floor to a chorus of ayes, the new start was finally born. >> this is one of their times in the u.s. senate's when we have in our power to safeguard or endanger human life on this planet. >> it is the biggest nuclear weapons reduction treaty in almost 20 years and it ends a year of atomic limbo. ever since george bush and miguel gorbachev signed start i in1991, the u.s. and russia ha

police are monitoring possible contacts between italian and greek anarchist. greek police have pointed out the mail bomb seemed intended not to cause injury. as it delivered in italy appeared designed to maim whoever opened them. >> last summer, millions of people were displaced by devastating floods. there are some small signs that life is getting back to normal. among them, the completion of the first pitch of a project to complete hundreds of bridges were destroyed. communities are not being reconnected. we have this report. >> it will be a very welcome sight. the final section of a bridge being put in place. the components were shipped to pakistan after much planning and have been driven the length of the country to get here. but it will be connecting the communities on one side of the river to the other. there was a bridge in the past, but it was one of around 300 which were swept away and completely destroyed by the floods at the end of july. since then, people have had to struggle across the river over makeshift bridges like they have in many communitie

a greek anarchist group claimed responsibility. last week similar letter bombs were sent to embassies in rome. >>> the u.n. food and agriculture organization is warning of a possible food shortage in haiti. many rice farmers have stopped working the fields because of the caribbean country's cholera epidemic. the deadly outbreak has been spreading in the aftermath of last january's strong earthquake. the united nations says the disease has killed more than 2700 people. about thers have been infected. there has been a sharp increase in the number of rice producers in haiti's northwest who have stopped farming out of fear they will catch cholera through irrigation water. it also says a number of people not buying rice from areas dealing with the serious outbreak is on the rise. hurricane thomas left about 78,000 hectres of farm land flooded in haiti last month. they are trying to deal with the possible food shortage by giving farmers advice on how to prevent cholera infections. the number of japanese holiday travelers traveling overse

security has been increased at all greek embassies since the attacks. the cases done the nation he faces a minimum of four years in prison he has denied the charges. thousands of people in northern island remain without water nine days after pipes burst this is video of the emergency crews delivering bottled water. emergency meeting is set for today to address the crisis. they are discussing bringing in more tankers as water reservoirs remain low. we will take a break much more straight ahead at the kron 4 morning news alive look in the south bay where we see traffic building was still moving well currently it's 36 degrees in san jose, cold start for the morning, warming up to 52 this afternoon. programming note, you can ring in the new year right here with kron4 biggest, best parties in the bay area from your living room, tune in 11:30 p.m. for kron4 is new year's live presented by elite md. it is the only new year's live show locally and the bay area's favorite way to celebrate. we will be right back. we are at s 6:55 a.m. a dubious distinction for th

they are monitoring contacts between greek anarchist's. -- anarchists. those sent to italy were designed to apparently name whoever opened them. -- mame whoever opened them. >> this is "bbc world news." a tirade at an umpire. fuel prices have been increased by more than 70%. this is in bolivia. they say the state subsidy can no longer be afforded, as much of it ends up going to foreigners. >> for bolivia's, it is a most unwelcome christmas present. gasoline prices up 73% and diesel prices also up. the government controls the energy industry, and they say the heavy subsidies can no longer continue. profiteers' often take advantage by smuggling be cheap fuel out of the country and selling it in neighboring nations. the subsidy has gone from $80 million in 2005 to $380 million in 2010. that money, instead of going abroad, should stay in the country to benefit oblivion's. so what does it mean for bolivia and consumers? a liter of regular gasoline has gone up to about 91 cents, and one of diesel has jumped to about 96 cents. there are announcements of higher

of land which causes the greatest difficulty for the greek authorities. this is on the farthest edge of the european union. in the distance, i can just make out a mosque in the nearest turkish town of edirne. this is the front line of stemming the flow of illegal immigration. many migrants attempt to cross the border at this river. the authorities have recovered the bodies of those who have failed to make it on several occasions. families and individuals who make it to greece and find that their journey has come to an abrupt end in detention centers. many of them are kept behind bars. this is overcrowded and a bleak, even for those who are going to be released. many people wanted us to tell their story. >> this is a place for animals. this is a miserable. life in europe is like here. >> those reaching for help or just hope recently found at the u.n. is speaking for them. the u.n. agency has described the situations in these centers as a humanitarian crisis. they are not alone. >> people are kept in completely in humane conditions and they have basic needs

greek anarchists claim responsibility.re have been several reports of suspicious packages in recent days that turned out to be false alarms. eight americans killed in a tour bus crash in egypt and a couple of san francisco survived the wreck. officials there say three tour buses were traveling together in southern egypt around dawn when the middle bus crashed into a parked dump truck loaded with sand. six women and two men on board were killed. 19 other americans, the egyptian driver, and a tour guide were injured. david lied of walnut creek said his mother suffered a gash on her leg. his father had only bumps and bruises. >> in my father's case, the chairs around him crumbled in like a roll cage which probably saved his life. from what i understand -- i wasn't there so it's not factual -- but the people in front of him died and the people behind him died. >> he says he's leaving for cairo today to bring his parents back to san francisco where they live. his father is the a retired f.b.i. agent. laura, his mom, is a retire

. -- we told the story of several struggling greek families at the beginning of this year. now we are back. she is to enjoy going shopping for groceries at the local market, but in the wake of the debt crisis, our salary was cut by 100 euros. >> a lot of the produce here is now too expensive. we have to be careful. a few years ago, we did not bother checking the exact price of tomatoes. we just pick to the ones that looks best. >> his wife is also a teacher. she took a pay cut as well. that is when the crisis hit last january. she told us that normal families like hers would and upper part. -- would end up hurt. the family can no longer afford to have a two-tiered, which is common in greece. -- buta tutor, which is common in greece. >> it is not just the salary cuts. we had to watch the entire country collapse. >> the greek economy has shrunk by 4% this year and unemployment is up by one-third. experts predict the recession will last at least another year. back in march, this woman said she had also been hard hit by the crisis. >> people have become reluctant to spend. few

it is a busy center -- the center of the greek capital. off the coast of an australian island, dozens of asylum seekers -- at least 27 bodies have been recovered after their boat hit jagged rocks. here's our correspondent. >> locals said they feared the boat was in trouble when they heard the screams of children. these of the scenes of the coast of christmas island, as the vessel, packed with asylum seekers, smashed against the jagged rocks. these are the most turbulent seas that locals have seen for months. these are the fractured remains of the boat just a few minutes later. men, women, and children who set sail for australia in search of an abundant future -- fighting for survival. local residents threw ropes and lifejackets from the cliffs. >> there was a woman and child amongst the seven. unfortunately, a very large wave knocked her off. it was a massive wave. it is unbelievable. it is something out of a horror movie in slow motion. >> health and medical supplies were scrambled from the mainland, 750 miles away. >> two gentlemen with

myths of today were originally the greek religion and had indivisions and priests no doubt and that's true of the aztecs and the nor dick religions. the world is full of dead religions. in my mind, when people stop believing in them literally is that you can then believe in them as a more beautiful way, as stories and many of these stories are very found and contain great truths like the greek myths and inform certainly my work. so i have an objection to religion that still has this structure of power and that try to force themselves down poem's throats as being the only truth. >> but are you equally offended by the whole notion of proselytizing for religion? >> i'm not in favor of it, no. i think i'm more in the kind of hitchens dawkins camp as any other. >> is that atheist or agnostic. >> i would say atheist. but we all have a slightly different take on it. and my take on it is that -- which is unlike hitchins, that i think if you happen to be religious and the brings you nourishment and solace and inspiration, whatever, that's your business, not mine. and i don't see that it's my b

. >> bomb disposal experts have defused a parcel bomb sent to the greek embassy in rome. it was found just days after a similar bombs exploded at two other embassies in the political -- italian capital, injuring two people. we have this report. >> police and bomb disposal experts arrived within minutes of the alarm given in the roman quarter. the greek ambassador ordered the evacuation. >> we discovered a suspicious package. at the embassy. and we needed lee informed them. they were here within three minutes -- and we immediately informed them. >> there were several other foreign some arms during the day, as suspicious packages were examined by police and other embassies -- there were several other suspicious alarms -- several other false alarms. packages were delivered to embassies in athens last night. bombs also send to the silvio berlusconi prime minister, the french president, and the german chancellor -- bombs or also sent. -- parcels were also sent to sylvia bernasconi, the prime minister. those delivered in italy appeared to be designed to maim whoever opened them

italian bond disposal experts have defused a bomb found at the greek embassy building in rome. police say the device was similar to two parcel bombs that blew up last week at the swiss and chilean missions in rum, injuring two people. an italian anarchist group claimed responsibility for the blast. >> italian police dispatched bomb disposal experts to the greek embassy in rome. a parcel bomb arrived on christmas eve, but it was not discovered until monday morning. >> we discovered a suspicious package with the correspondence of the embassy. we immediately informed the authorities who arrived in minutes with the appropriate services and the bomb was neutralized. embassy staff were evacuated before the device was successfully disarmed. no one was injured. police say the bomb was similar to to devices that some -- tt exploded at the chilean and swiss embassies last week. an italian anarchist group claimed responsibility for the first two bombs and police say they could not rule out an artist involvement in the latest incident. >> german shop owners have reasons to be happy -- to b

teams are left fighting for a political statement spot and they are up let's go and see with the greeks boosting their chances after an away win in spain byron everton's and group b. and have already qualified for the next round of group eight matches for city have cemented their place in the next stage after a convincing thrill when they get a red bull and a draw against you then to this was enough for left to go through while they tally and will be holding for better luck next year. meanwhile says carr are also continuing their iraq early campaign as they host swiss side laws on thursday the moscow sidecar group f with one hundred percent record but the match could be postponed due to the freezing weather here in the russian capital close to but we are experiencing difficulties because of the cold weather and the beach is in a great condition but will have to play in what amounts to injury prone circumstances however the main thing is that the mission will take place and we have to achieve owain and get through to the next round as group winners so we are well motivated for this fixtu

those attacks were blamed on greek anarchists. although the damage caused was minor, it caused widespread fear and forced greece to suspend international mail for two days. now it is the italian authorities battling an attempt to cause chaos in the heart of their capital. >> police in venezuela have used water cannon and rubber bullets to break up a protest against a law that increases government control over universities. dozens of police and national guard troops blocked a march by hundreds of students outside the central university in caracas. they say the new law will be used to promote president chavez pet social ideologies. dmitry medvedev has welcomed u.s. ratification of a landmark joint agreement between both countries to cut their nuclear arsenal. russia is due to start its ratification of the new start treaty on friday. toyota has paid $10 million to the family of four people killed in a run by lexus car in 2009. toyota says it does not admit or deny responsibility. the crash triggered a series of recalls involving mill

i'm half greek and half german, hence my surname metaxas, and half greek due to my name. i was born in historia. we moved to jackson heights as soon as we could get out of historia. i did grow in up jackson heights. so it's a real joy to be here so close to where i grew up. i want to talk about how i came to write the book on bonhoeffer. then we'll have time for q & a. if you have hostile questions, take them outside. there's a camera. we can't do it here. first i want to say how i came to write the book of bonhoeffer. i had never heard of him until 1988. i was raised in the greek orthodox church, which is around the corner here. went to the parochial school there. as is the case with many people raised in the church, you don't really -- you don't really take it to seriously. it's part of cultural experience; right. for me it was mostly about being greek and less about an orthodox christian. it was a delightful experience, wonderful community. it wasn't until after yale, if you are thinking about whatever faith you have, think about going to yale university. that's a bitt

>> yes, i mean, it comes from most power lineally from hinduism but it also comes from the greeks. there actually was a discussion early on in christianity about whether there was a way to coordinate reincarnation beliefs with the greeks for christianity and the folks who wanted to lost. >> is there a religionian christians are practicing other beliefs and definitions of other religions? >> definitely. >> true of christians, one out of four believe in reincarnations, does it work the #-her way, does a buddhist in any way seek out and adopt the beliefs of christians? >> yes, they do and that's one of the themes of my book that the drama has said jesus is a boddi saki a great spiritual giant. jews have said similar thing, a hindu divinity and incorrespond natured in earth. you can find hindu temples that will have christmas eve devoted to jesus. >> you know about t doctrine of the virgin birth. >> yes, i do. >> that means that mary conceived independently of any male traditionally instrumentality. how many non-christians believe in the virgin birth? >> you're really quizzing me today

first, the greek government is very bold. and take action as it has to be done. course people don't like it. but you know, the man on the street also have to understand they absolutely need the greek economy. and there were no other. so it's tough, difficult especially for the most vulnerable and trying to manage the situation and that it's protected. but on the other hand the fact the man on the street understand what's going on leads to the result of the election they just had a month ago where the government finally won the election. surprisingly for many but won the election. what does that mean? it means that the demonstration, protesters which i can understand. and if i was a greek citizen, maybe we would be demonstrating the same way because it's unfair. it's not their responsibility that the situation is so dire. on the other hand most be sold s it's very difficult. but they understand it. and that's why i guess they will succeed. >> charlie: and great britain have protesters as well. even attacked prince charles' car as a result of cutting education bene

the greek government has passed its twenty eleven austerity budget despite massive and often violent protests in the country the ruling socialist party mobilized its majority to win in a close vote the extreme measures passed are perkoff are a precondition for athens to get aid from the e.u. and the i.m.f. experts say that a collapse in the greek economy would have a knock on effect upon other european countries. later today max kaiser and co stacy herbert look at the financial scandals in the debt ridden european union and on the other side of the atlantic. london where the bankers are demanding their year end bonuses and the government is asking them please mr brander don't steal any more of our money and the bankers are saying wait a minute if we can steal your money we might leave the government is saying no we want you to still owe money meanwhile the i.m.f. is asking people who are willing to suffer more austerity while the i.m.f. is redecorating its last headquarters in washington d.c. . finally in this news block it's a disease that many believe belongs to biblical times but

the greek government has passed its twenty eleven austerity budget despite massive and often violent protests in the country the ruling socialist party mobilized its majority to win a close vote three measures passed or a precondition for athens to get aid from the e.u. and i.m.f. experts say a collapse in the greek economy would have a knock on effect on other european countries. iranian president mahmoud ahmadinejad is visiting turkey to attend a regional economic summit and garner support for his country's nuclear program and he's already met with the turkish prime minister to discuss the upcoming six party atomic talks to be held in istanbul in january together with brazil for a negotiated nuclear fuel swap deal with a gesture by united states. and if diplomatic efforts fail to resolve the iranian nuclear dispute israel would have to step in with a strike that's according to the senior military a senior israeli military analyst the full interview coming your way in the next hour here's a quick look. israel would like to attend is really does understand the bill here in this resul

the greek government has passed its twenty eleven austerity budget despite massive and often violent protests in the country the ruling socialist party mobilized its majority to win in a close vote the extreme measures passed are a precondition for things to receive aid from the e.u. and i.m.f. experts say a collapse in the greek economy would have a knock on effect on other european countries. finally in this news block it's the disease that many people think belong to biblical times but for those struck down with leprosy it's a very present problem many russians affect their kind of vying to remote villages with little chance or hope rejoining society artie's excitedly thought chauvel reports. lost amid fast families russia's oldest lapp a village has no streets only one but houses with its own fire brigade ambulance service and kindergarten it's a home for many people affected by leprosy away from the eyes of the public would little understanding of the disease. when the her special is arrived they have to know they were packed into just one house but now there is this a building

the greek government has passed its twenty eleven austerity budget despite massive and often violent protests in the country the ruling socialist party mobilized its majority to win a close vote the extreme measures passed or a precondition for athens to get aid from the e.u. and the i.m.f. experts say that a collapse of the greek economy would have a ripple effect in other european countries. the iranian president mahmoud ahmadinejad is visiting turkey to attend a regional economic summit and garner support for his country's controversial nuclear program he's already already met with the turkish prime minister to discuss the upcoming six party atomic talks to be held in istanbul in january together with brazil on current to go she added a nuclear fuel swap deal for for iran which was rejected by the u.s. . diplomatic effort fails to resolve iranian nuclear dispute israel would have the would have to step in with a nuclear strike according to a senior israeli military analyst that full interview is coming your way in less than ten minutes here's a sneak peek. of israel would like to

i am greek and german. i should get this out front. i am greek since my surname metaxas and half german hands mm deep love for siegfried and roy. thank you. but, all greeks have to be bornk in astoria which is part of the whole thing. i was born in astoria but of course they moved to jackson heights is in his we could get out of astoria, but yeah i did grow up in jackson heights so it is a real joy to be here soo close to where i grew up. i want to talk about how i came to write the book on bonhoeffer and then we will have plenty of time for q&a. if you have questions i would ask you to take them outside pleas because there is a camera here and we can go there.er versailles want to tell you how i came to write a book on bonhoeffer. i confess i had never heard of bonhoeffer until 1988.r i was raised in the greek orthodox church. actually right here in corona queens, which is basically around the corner here. went to the parochial schoolc there. but as was the case with many people raised in the church, you don't really, he don't take it

if the portuguese people do if the greek people do if the spanish people do if they refuse these i.m.f. loans. you know the u.s. has your credit card details and they could add they can continue splurging at wal-mart on your behalf with your credit card details well this is it's a racket you know and it's forced debt pushing their debt pushers and whether it's hillary stealing your credit card so she can go buy a dimebag a smack or whether it's the i.m.f. or world bank trying to push billions of dollars worth of worthless junk loans on your books it all adds up to the same worthless pile of garbage banks there is ripping you off and use sitting there looking for the answers and the only answer is the answer we've provided on this show episode one hundred one hundred days your thanks so much for being on the kaiser report up with one hundred thank you all right don't go away we're going to be talking more about the maxus daisy bed in so stay right there. well. the latest in science and technology from around the world. we go to the future covered. for the full story we've gone to. the b