blowing welcome to cross talk i'm peter lavelle deep taking the dollar is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary in financial order fundamentally.

blowing welcome to cross talk on peter lavelle deep taking the dollar is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary in financial order fundamentally changing and if this is the case who are the winners and losers. to cross not the fate of the dollar i'm joined by.

is that so much i'm afraid me is going to make a lot of the players look there's the air of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. more news today violence is once again flared up. these are the images kobold has been seeing from the streets of canada. trying to corporations rule the day. fierce fighting across syria over the weekend reportedly leaves dozens dead this is moscow continues to push for an international conference to resolve the crisis and the un admits neither side is sticking to the peace plan. one hundred billion euros of bailout madrid finally admits it can't save its beleaguered banks on its own becoming the largest economy yet to seek aid from the eurozone. boosting trade tackling the crisis in the middle east russia and china strengthen their partnership is president vladimir putin visits beijing. bring you today's top stories and a look back at the week's news here on r t thanks very much for joining us dozens reportedly killed over the weekend in some of the most i

that so much was made musingly maybe it was a lot of the plague area but there was the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. fund. here spreading across syria over the weekend reportedly leaves dozens dead this is moscow continues pushing for an international conference to resolve the crisis in the usa admits neither side is sticking to the peace plan. madrid asked the eurozone for one hundred billion euros to shore up struggling banks and becomes the largest economy yet to seek aid a plan let's spin avoid additional cuts imposed from the outside as happened in the case of greece ireland and portugal. boosting trade tackling the crisis in the middle east eurasia is too big his country cement their partnership this week as russian president vladimir putin visits china. more news in about fifteen minutes but first sports. hello welcome along with the world of sports here is what we call coming up the waiting game rafael nadal and novak djokovic need to complete their french open fin

gaining ground against the greenback. egyptians had to the polls as well this week in theory they will be electing a new president, but a lot of people are not happy with the choice of candidates. >> there is confusion, and now the country's highest court once the lower house of parliament result. observers say the situation is even more dangerous than the final days of hosni mubarak's rule. >> no one is allowed inside anymore. streets are blocked. even lawmakers need written permission to approach the parliament building in cairo. the increased police presence is intended to convey order and stability, but many egyptians are worried that their country is plunging into political chaos. the reactions to the constitutional court ruling highlighted divisions among the egyptian people. >> if the dogs from the national party continue to rule and the people remain palace, then it is really the end for egypt. >> of the muslim brotherhood wins, they will destroy the egyptian state, and it will be like iran here. >> this woman say

culture is that so much revealing to me a lot of people here in our borders the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. it's going to. be. cool. first up in syria blasts in the city of homs with flames and black smoke rising from the ruined buildings. a lift for the french left president hollande socialists and their allies secure a majority in the first round of the parliamentary vote paving the path for reform . police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month which left both protesters and officers injured. around the clock around the world international news and comment live from. a series of explosions have rocked the central city of homs with clouds of smoke seen rising above the city's skyline this is u.n. observers struggle to make a difference in the conflict one country while international calls for military action growing louder. as the latest from syria. the opposition activists have been accu

is that so much could be is going to make it a lot of people a variant of burgers the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. top stories are not a fresh violence flares up in syria blasts in the city of homs of flames and black smoke rising from ruin buildings that's as un observers struggle to make a difference in the conflict torn country. present lines socialists and the allies secure a majority in the first round of the french parliamentary vote forty six percent when you could see on and secure the lower house and received a powerful mandate for his reform plan. and police searched the homes of several russian opposition leaders and call them in for questioning the search was ordered by court in connection with clashes of an anti-government rally last month when both protesters and riot police were injured. but with a news team with more on those stories when fifteen minutes from now in the meantime paula is next with all the latest sporting action. thank you very much but we

now it's way is the era of the greenback coming to an end he has more money that is used up debating cross-talk of the headlines. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism honest we. we want to present. something else. culture is that so much i'm afraid we're going to make you into a lot of people in your area but look it was the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. i'm sure all of our got a story are out about this crazy lady with a convertible that. every time she. was on death row for nineteen years. the one that. has these people less than human it is necessary to punish crime everything we do to punish crime is unpleasant. but it needs to be done nobody wants to be linked to the nazis but the historical antecedents of the american death penalty today come in large part from the nazis and the sad part is texas gets their way and they execute him and i won't be allowed to tou

you mentioned the greenback so let's take a look at how u.s. markets are doing as i said the only ones overall. and the figures they're pretty much a sea of red as it is across the board and while we haven't they're affecting investors as a negative us jobs data analysts expected figures in new jobs generated for the month of may one hundred sixty five thousand and the end that figure was sixty nine thousand so way below expectations a real big disappointment and that also affected european investors let's take a look at the picture the markets are closed but investors didn't have time to react to that negative the data and also we had negative p.m.i. they came out in the region to add to all the negative data that would go from china on a very altruistic day there we could see that the footsie lost over one percent and the german dax lost over the reapers and a quick look at oil prices they're heading south in fact they're heading for their long us weekly losing streak in five and a half years and we see that light sweet is trading at around e

blowing welcome to cross talk i'm peter lavelle deep taking the dollar is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary in financial order fundamentally changing and if this is the case who are the winners and losers. and you can. start. to cross out the fate of the dollar i'm joined by mark calabria in washington he's director of financial regulation studies at the cato institute and also in washington we have derek scissors he's a senior research fellow at the heritage foundation and in hong kong we cross to martin hannett he is an associate director at the tight group all right gentlemen crosstalk rules in effect that means you can jump in anytime you want martin if i go to you first in hong kong again welcome back to the program we have now japan and china trading in their own currencies is this the end of the beginning of the end of the dollar's had germany in the world. first of all i would like to emphasize you know even results of what was happening was a un and they're promot

greenback the ultimate souvenir from london, she hopes some of loch will yield a golden moment. >> ift's a day i know i can, it's possible. one step at a time. >> r.a. dickey baffling bats last night. he has o's manager buck showalter to thank for his success pretty convinced him to become a knuckleball pitcher last decade. good career advice. he struck out 13 last night, his second straight one-hitter. he has become the second pitcher to throw consecutive two in a row of one-hitter. this makes him a near lock to start for the national league in the all-star game. you can hear it all on wbal radio. >> after only a handful of starts, the teenager still only 19 as two wins after being promoted. progresses.m he soudns surprised to maek the quickly. team that >> i was the prized, but i was honored as well. -- i was surprised. >> to around. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels

so much could be is going to make it a lot of people here is going to look at is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. brightening if you. see from funds to impression it's. nice clean start on t.v. dot com. the fresh violence flares up in syria blasts in the city of homs with flames and black smoke rising from ruin buildings. a lift for the french left president socialists and their allies secure a majority in the first round of the parliamentary vote paving a poll for reform. and police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month which left both protesters and offices in top stories. around the world around the clock international news and comment live from r.t. a series of explosions have rocked the central syrian city of homs with clowns a smoke seen rising above the city's skyline this is un observers struggle to make a difference in the conflict torn country while international calls for military act

i'm afraid we're going to be made into a lot of people if you're yelling at burgers the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. fund to be soo much brighter if you move out sound from finance to impression so.

in currency markets, the euro is stronger against the greenback, trading at $1.2632.n order to calm the crisis the european commission has been calling for closer economic ties between the group from members. germany is pushing for a two- speed eu. >> its a lot to digest. we put that question to our guest. >> i think it is quite obvious. we are at an important juncture we realize for the first time we're in a situation where the eu has problems in one country or a group of member states and the solution in another group of member states. therefore, i think that now clearly the answer should be more europe and much deeper integration, and therefore the european commission believes we have to proceed. and of course, you're absolutely right. we have to very much take care of the potential problems we might have, the perception that we would be moving. this is the special responsibility of the eu. >> alright, we have to wrap up their. the vice president of the european commission. thank you for talking with us. the swedish phone maker nokia says it will cut 10,000 jobs ne

in doubles greenback from the oakland waters that will allow lots of sunshine but it will be brisk we still have an area of low pressure well to the north of the same that all the pressure gradient to relax some months and high pressure to build than when the high pressure builds then that is when we haven't an astounding seven day forecast for real that certainly coming out. the year thursday will turn as the seasonal berries similar to today's conditions is therefore isn't of diesels to the clouds building at the coast of the westmoreland a daytime pity's and '60s and the beaches '70s but common up and down the peninsula from the cemetery cozily the south san francisco 79 decreasing campbell is the ladies morgan hill and in gilroy. otherwise 85 and danville pleasanton and bright with the outside number is then used to be its no. 85 also in napa and sonoma '60s at the beaches in the north coast and meanwhile the extended forecast calls for a gradual warming up friday 90 degrees and then on saturday slightly cooler for father's day and that is certain blood forecast. it may be a force

in order to get a greenback and to the pass placard. >>> customers say they have seen a pleasant things, the dishes, dirty. there is food. >>> and most like the idea it to easily identify restaurants that may not make the grade. >>> better yellow and not going. it's that simple. >>> a thing as a good idea. it is all want to know they're keeping a thing of the car. >>> back at sergio is they believe the new system will help customers and the restaurants themselves. did waves if it shows that we're doing what we're supposed to it gives the customer h&m more confidence to come in and felt comfortable that what they're ordering in the barn and therein. >>> still oppose it after routine inspections of the county estimates will be about six months before they reached all lester restaurants unlimited county. from the weather center good evening everybody is i want to know directly outside once you take a look at our live cbs 5 with a camera looking up for the transamerica building they have to look there with d.c.? it's a spotlight and is in search of the king. who is on the list again. but we

issues that so much could be going to make a lot of people a very unhappy look here is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. the official. i pod touch from the. video on demand. and r.s.s. feeds now in the palm of your. call. syrian rebels call for foreign intervention and more weapons with violence reportedly raging outside the capital. a lift for the french left president socialists and their our lives secure a majority in the around the first round of the parliamentary vote paving a power forward form. and police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month which is that both protesters and officers injured. from our studios in central moscow you're watching r t with me and he said now it's six pm here in the russian capital as u.n. observers struggle to make a difference in conflict torn syria international calls for military action are growing louder the new syrian opposition leader has demanded intervention

issues that so much could be going to be made a lot of the play area like it was the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary and. down to the official t.f. location. i pod touch from the. life on the. video on demand. build costs and r.s.s. feeds now in the palm of your.

reporter: the concern is that there will be more big companies with currency losses, especially if the greenback continues to gain ground. and, that's just what's expected. >> we have a q-3 and end of q-3 target of 120 and after that even a sub 120 level. so, it's pretty much wide open, a lot of it depends on how european policy makers respond. >> reporter: considering how european policymakers have responded so far, it's likely we'll be talking about the effects of a stronger dollar for many months. suzanne pratt, "n.b.r.", new york. >> tom: a stronger dollar has contributed to a drop in commodity prices like oil, as has a drop in demand from places like china, which has been a huge consumer of global commodities. we spoke with dambisa moyo. we started with a stronger dollar threatening china's economy. >> obviously factors driving the >> obviously factors drivingw:ry and especially where the trade and the exchange rate are concerned but i think more fundamentally the story of what china needs to do for china. they faced major heaheadwinds w a population of at least a billion people that live i

in europe, the greenback trading at 78.15 to 18 yen. the euro is now changing hands at 97.17 to 19 yen. sources say market participants continue to buy the yen, but they note many are cautious about possible yen selling intervention by japanese authorities. tokyo stocks tumbled with share prices falling for a fourth straight day. the slide followed a surprisingly weak u.s. jobs report. the benchmark nikkei average set a new low for the year. it closed at 8295, down 1.7% export-related issues came under selling pressure. meanwhile, the broad based topix index ended down 1.89%, this is the lowest level in nearly three decades. analysts say the disappointing u.s. payrolls reflect deepened concerns about an economic slowdown. the strong yen and declines in other asian markets also weighed on japanese stocks. people on the streets are worried about the falling stock prices and the rising yen. >> translator: this is awful. we're like in a quagmire. it's difficult to be upbeat about things here or in europe. i think it's going to take some tim

and investors feel that's not justified at all for russia's ruble is gaining gives the euro the greenback that's all changed since last hour although it's falling further on the. story can feel the more for crude globally will smith and staying with noise may get worse as minority shareholders in the russian. over to b.p.'s failed to deal with rival roles and if they say b.p. suffered losses as it wasn't invited into the exploration project which is later on blocked by the russian cohen. similar to those on the renewal of the claim follows news of a possible sale of b.p.'s fifty percent stake in. blocking construction. the country says it could quit the project claiming the proposed transit fees and operating ratio on acceptable could break the loan of the project if it doesn't documents by november fifth however the project could be fulfilled. and go through the territory of its neighbor rumania which is shown interest in the project for a long time. good music going through a record forty percent last year making it the seventh biggest in the world it really is one of the most dynamic m

that so much could be going to make a lot of people here are you going to look at is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. secret laboratory to mccurry was able to build the most sophisticated robot which all unfortunately doesn't give a darn about anything turns mission to teach music creation why it should care about humans and. this is why you should care only dot com. is.

question is that so much could be is going to make a lot of people a year yeah because the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operation to rule the day. syrian rebels call for foreign intervention and more weapons with violence reportedly raging outside the capital. a live for the french slapped president socialists and their allies secure a majority in the first round of parliamentary vote paving a path for reform. employer leave searched the homes of several russian opposition leaders in connection with a crash at a major rally last march which left both protesters and officers injured. it's five pm in moscow this is r.t. coming to you live from news now with our top story and as you and observers struggle to make a difference in conflict or in syria international calls for military action are growing louder the new syrian opposition leader has demanded in

question is that so much we're going to make a lot of the play here yeah because the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.

of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. good laboratory to mccurry was able to build a most sophisticated robot which fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and world this is why you should care only. if. brighten. the sun from phones to impressions. whose phone starts on t.v. . more news today violence has once again flared up. these are the images coke world has been seeing from the streets of canada. trying to corporations rule the day. live pictures as fresh violence flares up in syria in syria blasted the city of homs with flames and black smoke rising from it ruined buildings as you can see here. a live for the french the last president along socialist and their allies secure a majority in the first round of the parliamentary vote paving a path for reform. and police searched the homes of prominent russian opposition figures in connection with the clashes that a major rally last month which left both

cultures that so much good music make a lot of people a variant the book is the era of the greenback finally coming to an end with china and now trading with each other in their own currencies is the international monetary. comfort is the least you have. the money is the last you need to if you travel this way. language is common. to. the. emotions are intense. and experience priceless. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. shine corporations are old today.

cultures that so much news really make a lot of people here in the berkshires the ear of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. wealthy british scientists i'm. trying to. market why not. find out what's really happening to the global economy with mikes concert for a no holds barred look at the global financial headlines tune into kinds a report on our. morning news today violence is once again fled up the front these are the images the world has been seeing from the streets of canada. china corporations are today . syria's battles creep closer to the president also its doorstep the foreign pressure mounts while russia and other mediators push for peace through diplomacy. france look slap president alonso's steal a march in round one of the parliamentary election giving up powerful boost to use reform mandate. for the whole ganz and political activists threaten to mar the euro two thousand and twelve championships in poland and ukraine just four days into the tournament. you're going

question was that so much of me is going to make a lot of the play here in the book is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. is believed to. be. limited to. a mission and free accreditation free transport charges free arrangement free. free from still child free. download free blogs just plug in video for your media projects a free media oh god r t dot com. serious battles create closer to a president awesome store stab a foreign pressure mounts while russia and other mediators push for peace for the policy. of france what's left. president salon socialist steal a march in round one of parliamentary elections giving a powerful boost to his reform mandate. football again sam political activists threatened to mar the euro two thousand and twelve championships in poland and ukraine just four days into the tournament. eleven am in the russian gavel you're watching r t with me marina joshua welcome to the program as that u.n. observer struggle to make a difference in conflict torn syri

that so much of coming to me is going to make a lot of people carrying the book is the era of the greenback finally coming to an end with china and now trading with each other in their own currencies is the international monetary. comfort is the least you have. money is the last you need if you travelled this way. language is common. to. the. emotions are intense. and experience priceless. all. more news today violence is once again flared up. these are the images the world has been seeing from the streets of kenya that. china operation to rule the day. serious battles repos are to present off his doorstep to foreign pressure mounts while russia and other mediators push for peace through diplomacy. france looks left president hollande socialist steal a march and round one of the parliamentary elections giving out powerful boost to his reform mandate. for the whole again and sound political activists threaten to mar the euro twenty five championships in poland and ukraine just four days into the tournament. it is nine am in the russian capital you're watching r t on marina joshie as you want

that so much i'm afraid we're going to make it a lot of the play here in the book is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. sigrid lumber touring to mccurry was able to build a most sophisticated robot which on fortunately doesn't give a darn about anything turns mission to teach music creation why it should care about human to end. this is why you should care only on the r g dot com. is eve's. elite. serious battles creep closer to president also its doorstep and the foreign pressure mounts while russia and other mediators push for peace through diplomacy. france looks laughed president obama's socialist still march in round one of the parliamentary election giving a powerful boost to his anti cuts mandate. football hooligans and political activists threaten to mar the euro twenty twelve championships in poland and ukraine just four days into the tournament. three pm here in moscow this is our team. coming to you live from the snow way with our top story and as you and observers

question is that so much we're going to make a lot of the play here yeah because the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. if. the fifty fifty. fifty fifty feet feel. impotent. it's. such an. admission free accreditation free transport charges free. range mention free. free from still child free. download free broadcast quality video for your media projects and free media oh god r t dot com.

culture is that so much good news really made a lot of people here in our borders the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. wealthy british style. is not on the front. market why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report. on . morning news today violence is once again flared up the film these are the images.

that so much of me is going to be made in a lot of the plane carrying out because the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. if he. gets. to. keep good laboratory. was able to build the most sophisticated robot which on fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about human to end. this is why you should care only on the. pressure flares up in syria the city of homs with flames and black smoke rising from ruin the buildings. for the french left president. secure a majority in the first round of the parliamentary vote paving a path for reform police searched the homes of prominent russian opposition figures in connection with clashes at a major rally last month both protesters and offices injured. around the world around the clock international news and comment live from our team a series of explosions have rocked the central syrian city of homs with clouds of smoke seen rising above the city skyline this is you an observ

issues that so much really make a lot of people look is the era of the greenback finally coming to an end with china and japan now tweeting with each other in their own currencies is the international monetary. i'm sure all of our got a story or out about this crazy lady with a convertible that. every time she. was on death row for nineteen years. a lot of the life that we might. society has condemned these people as less than human it is necessary to punish crime and everything we do to punish crime is unpleasant. but it needs to be done nobody wants to be linked to the nazis but the historical antecedents of the american death penalty today come in large part from the nazis and the sad part is state of texas gets their way and they execute him and i won't be allowed to touch him until after he's dead he's not only that any time i leave the house i ride in my horn and he keeps telling me they can't hear me in there because it's all cinderblock and concrete but every time i go by. i won't be there i will not witness the killing myself led mission free look cretaceous free look transpo

when it comes to the ruble it's again against both major currencies ruble and the greenback and crude as i was mentioning for the past couple of hours was a gaining and that was met reports that we were going to see the u.s. stockpiles decline for the first time in the eleven weeks but now as you can see prices are heading south once again never a good thing for energy dependent economies and the reason for that is because everything that's happening in the euro zone especially this never bored analysts expected to curb demand for energy and that's why we see prices heading south now in other news there are problems on the horizon for one of the oldest airlines in the world wants us australia's fly carrier expects its profits to fall by as much as ninety percent and that some of the growing losses at its international operations and it's our highest ever fuel bill its shares dropped around eight percent after this announcement. also russia's core market grew forty percent last year making it the seventh biggest in the world that's according to the latest research by after analytics ch

much i'm afraid we're going to make it a lot of people in your area and the book is the era of the greenback finally coming to an end with china and japan now trading with each other in their own currencies is the international monetary. union using sigrid laboratory to mccurry was able to build a new its most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans and world this is why you should care watch only on the r g dot com. has to be soon which brightened if you knew about song from phones to impressions. whose phone starts on t.v. don't come. more news today violence is once again flared up. these are the images the world.