new study that could transform the way advertisers and political campaigns utilize social media and iceland survived its financial crisis by slapping bank stirs with tough new regulations and throwing them in jail cyprus needs to do the same if they want to save their economy i'll tell you why in tonight's dilutive. here take my take live our phone lines are now open so if you want to share an opinion make a comment ask a question live on the air give me a call at two zero two nine zero four twenty one thirty four so for our first caller the night mark and drive away mark what's up hi there tom but it's sort of sleep thinks what kind of sanity unclearly that you bring your like mr rogers for big people to be the best possible way ok but i want to ask if you think a third party because of the circumstances would claim a cheat insulin could ever succeed like a green party it's me impact up here in canada right in canada you have systems a little closer to proportional representation here in the united states it is pure first past the post winner take all this is the problem the james madison

which is what iceland chose to do. jail bombs in december of two thousand and eight as lead of parliament passed a bill establishing the office of the special prosecutor the job of that new office was to investigate suspected criminal conduct leading up to in connection with or in the wake of the banking crisis and a follow up on those investigations by bringing criminal charges against those responsible for the crisis since the office of the special prosecutor was created iceland has been rounding up their banks here's one after another in march of two thousand and eleven robert and vincent said news were arrested in london as part of the special prosecutor office's investigation into the collapse of the icelandic bank cop thing. in december of last year reykjavik court sentenced two of the top executives at the icelandic bank lintner to jail time and just yesterday nine more banks toure's from the iceland bank thing were indicted and charged for their roles in orchestrating five large scale market manipulation conspi

and iceland -- why dead fish are troubling an entire nation. genius and madness go hand in hand, as they say, and some would say the same goes for courage and carelessness. just look at people who do extreme sports. opinions about them could not differ more. to some, they deserve recognition, and to others, they are irresponsible frauds. a group of young russians have found their own cosmic challenge. let me say one thing -- the pictures you are about to see are not for the faint hearted. >> they are disguised as ordinary, inconspicuous construction workers. it takes them half a day moving in utmost secrecy to reach their destination. the top of moscow's highest construction site. to the very tip of the highest crane 370 meters above ground level. they are called rooftops, and they do not use safety gear -- that would not be cool. -- they are called rooftoppers. vitali is a star among rooftoppers. he posts his videos on the internet with commentary. >> you cannot get up there legally. access is guarded by cameras, motion detectors, watchman. th

you can see the cloud coverage over iceland. the winds will be winding down and the heavy snow will be diminishing into the friday afternoon hours. also it's very messy across the central areas of the mediterranean. the gusts, thunderstorms, hail also reported yesterday. this is all going to be rain rather than snow. looking at 9 degrees back to the single digits. looking fine and nice in vienna well above your average for your thursday high. moving over to the north american continent where the eastern half has been slammed by this very potent system which is finally moving away going toward the offshore but due to the warmth of the water it will be developing further and lingering across these areas. yet again aumulating more snow into the next 48 hours. we already have reports of about 60 centimeters of total accumulation in west virginia. about 20 to 30 but into the next 24, 48 hours yet again accumulation of 75 centimeters could be popular. new york and d.c. both marking up 4 deees. you'll see a mturef rain and snow. there'

a mountain blizzard in western iceland. they are trained for one of the toughest challenges of their lives -- a race across antarctica. >> one minute, you think you are going good, and the next, a blast comes in and blows you over. it is intense. >> three teams of servicemen and women will be competing from the u.s. and the commonwealth. everyone here has suffered life- changing injuries in combat. they've been shot, blown up, burned, and traumatized. the charity behind this is walking with the wounded. unable to walk after my own gunshot injuries nine years ago, i went to see them training. >> [inaudible] >> many of the wounded are amputees. this u.s. soldier is totally blind. for him and many others, this is their first time ever on skis. >> [inaudible] also people who have never skied before. [inaudible] >> in these conditions, it helps them to remember why they are doing this. >> [inaudible] >> iceland is a tough environment, but the an uptick will be tougher still. the finalists can expect conditions that make this fee

a mountain blizzard in western iceland. they are trained for one of the toughest challenges of their lives -- a race across antarctica. >> one minute, you think you are going good, and the next, a blast comes in and blows you over. it is intense. >> three teams of servicemen and women will be competing from the u.s. and the commonwealth. everyone here has suffered life- changing injuries in combat. they've been shot, blown up, burned, and traumatized. the charity behind this is walking with the wounded. unable to walk after my own gunshot injuries nine years ago, i went to see them training. >> [inaudible] >> many of the wounded are amputees. this u.s. soldier is totally blind. for him and many others, this is their first time ever on skis. >> [inaudible] also people who have never skied before. [inaudible] >> in these conditions, it helps them to remember why they are doing this. >> [inaudible] >> iceland is a tough environment, but the an uptick will be tougher still. the finalists can expect conditions that make this fee

but again you know people talk about unique to is entirely entirely unique when iceland went under iceland had a series of loans from scandinavian countries and from russia. it's not something unique to cyprus and to russia they're very closely intertwined in terms of their banking you know if you started to lift the rug under what's. inside u.k. banking you might find something very similar with a whole not just one country with a whole series a whole series of countries so you know this relationship that people want to regard is unique between cyprus and russia is far less so when one delves into. the banking systems of other countries unless of course you're going to say well they're unique to and in you know we're all unique. matthew where do we go from here with the you're going to go ahead jump in. this is not about the loan that the russians have given this is about russian deposits in cypriot banks and the russians actually have gotten pretty lazy about using cyprus as an offshore banking system they should have expanded and sort of moved their assets around a little bit. it's righ

going on in the future if the pledge is not implemented if you look at what happened in the person iceland it's a similar country where the banks were bigger than the economy and two years from now the day they get bankrupt again we'll actually and know they are there but also i think that you know it would be the best case for cyprus to follow the. basin and the model and go bankrupt now actually. but we heard that the german finance minister warned that cyprus and its banks that would never be able to reopen if it did reject the terms of this bilat do you think that's a real possibility a repeat than of what you just said about iceland. yes that's a real possibility that we are really it's you know it's a really. which we see you know is a reality of the system we live in we live in a system where the government or the state controls the economy by controlling the economy i mean controlling the wealth and the. people. so what we see now is like a trade between what people are only was a blood. and sweat against. backed. currency like the. euro and it's really it's really sad to see actua

by getting out of the euro and stimulating economic activity and also iceland defaulted on its debts which rather the only way forward so we can look to examples that it's not the end of the world the sort of person if they get out of the euro that would be the answer of course i'm going to and so sorry to have to do this to you but always a pleasure to have you here given your insight into stories like this robert oulds chair of the bridge group of policy think tank thank you thank you the man who engineered britain's austerity program is now looking to rebranding himself the u.s. is chancellor of the second churchills a new budget which envisions the cutting corporate taxes even more while interesting a host of new duties including a levy on alcohol. u.s. officials have admitted that the number one time of bay detainees on a hunger strike has almost doubled since last week they've also said that at least eight inmates are being force or fared well dismissing the lawyers claims of prisoners abuse meanwhile the un human rights body has sent r.t. a cautious statement on the hunger str

this was supposed to be an adventurous vacation for skydivers from iceland.orning, an all-out investigation into how an experienced skydiving instructor and his student fell more than 13,000 feet to their deaths. the company behind saturday's jump near tampa says it appears the two men did not attempt to activate their main parachute. even their backup chutes did not fully inflate before the men hit the ground. >> there's a multitude of scenarios. they lost track of altitude, weren't paying attention. distracted by something else going on. who knows? >> reporter: the instructor and his student were part of a group from iceland training and vacationing at skydive city in florida. nearly 20 skydivers went up saturday morning. after the instructor and student jumped, they were nowhere to be found. following a grueling nine-hour search, the pair was located. their bodies found in a wooded area about a mile away from where they were supposed to land. now, authorities are hoping a camera worn by one of the men may be their best clue. >> we're reviewing the tape. we

now there's nothing to do in iceland. [ laughter ] this is the colbert report." captioning sponsored by comedy central ( theme song playing ) ( cheers and applause ) [cheers and applause] welcome to the report, everybody. thank you so much for joining us. [cheers and applause] [crowd chanting "stephen!"] thank you, ladies and gentlemen, please sit down. [cheers and applause] welcome to the show, everybody. thank you for joining us. [cheers and applause] thank you, everyone in here welcome to the program. dominus vobiscum. folks, as the cardinal of cable, i'm giving you nave to narthex coverage of pope benedict's resignation in my new series "popewatch: inde-schism 2013." [cheers and applause] remembers -- remembers folks -- remember, it has been over 700 years since anyone has voluntarily depoped themselves. [laughter] well, buckle your chausable, because there are dramatic new developments. we all know that when a cardinal is elevated to the papacy, he becomes the heir of st. peter there choose a new name. so, naturally, now that benedict xvi is leaving office,

we shoot in northern ireland, morocco, iceland, croatia, the moon. yeah. >> jon: wow.en the favorite so far for you, in terms of... >> we're based in northern ireland for the most part. that's where our studio is. beautiful. it's gorgeous. >> jon: i have not been there. i've not been to any place that you mentioned yet it sounds exciting. >> we're sort of running out of places to shoot. >> jon: are you followed by the... does the town know when game of thrones is in town and they all... >> they don't care. i think only in america do we have like the "us weekly," >> jon: there's no nerd glaze overseas. there has to be a european nerd glaze. egg-based french. there must be something that they do with that. i always assumed that when you're filming this, they keep you in castles just to keep... or is there like you come from a residence inn and they put the whole thing together and boom. >> we are called by a rain. by a raven. >> jon: it's all just a big... are there real wizards on set? it's the whole thing. dungeons and dragons. >> bring me my latte. that's the name of

agreement and all other related documents for the reset of federal and state funds for the yerba buena iceland ramps improvement projects >> i am the project manager, for the project and i have a short presentation to give you to give you a history and make sure that you understand the improvements and get into a discussion on the item in front of you. >> we will go through the existing conditions and a little bit of the overview and status and schedule and staff recommendation. >> let's talk about the existing conditions, if you have been out there, you will know that they are not very good, the existing on-ramp on the left side there, is very short. and acceleration distance short and the west found off-ramp is on the left side which is not standard and so there are definitely geometric and operational deficiencies that exist. the good news is that we are going to reconstruct both the westbound on and off-ramp, the westbound off-ramp is colored in blue and it will be on the right side and is standard and will be standard lengths and the on-ramp is colored in orange there and it will be an lo

skydivers from iceland have been found dead in the united states. a search was launched after they did not return from a jump in florida. the owner of the club where the men were jumping says the main canapes had not been opened. >> we do 75,000 tons a year. we have done well over 1 million skydives here over the last 20 years. students, we go to great lengths to make sure it is a for students. students are not supposed to get killed. to have to the people killed on the job is almost unheard of. estimates,g to some the united states throws away $155 billion worth of food each year. as we report from california, a group of retired people are trying to use some of that unwanted food to help the poor. old and the great- grandfather settled times over, john retired decades ago. several times a week, he will find him hard at work. boxes and stacked them on a pallet. >> it is food destined for hundred families, through the with otherwise go to waste. >> it is good for me at my age. i need to keep busy. >> she is 72. the aches and pains of age make it hard

>> the neighbor was the icelandic woman you mentioned in your set up.e acquaint answers on the streets of santa monica caring for cats but whitey left an indelible impression on the woman from iceland whan she happened to express admiration for obama. he's a racist. he believes in separate and unequal and he flipped out on her. >> she never forgot that. >> she never forgot that. so when they did that psa announcement in june of 2011 about katharine greig, she recognized her and their shared interest in tiger the tabby cat but also she had -- that was the guy that was ranting on barack obama. >> it stood out so much to her that that's what ultimately led her to contact the police after she saw that psa. one of the interesting things, and you mention thad in your book. when he assumes the identity of charlie gasco. he's assuming the identity of a guy that's not that powerful doesn't live extraordinarily well. when we think of mob bosses we think these are the guys that live beyond everyone else. what was it about whitey bulger that let him behave more lik

the 41-year-old instructor and his 25-year-old student were part of a group of 22 from iceland.he manager of the skydive company said the chutes had automatic deployment devices and it was very unlikely they failed to open. >> more than 15-thousand runners in connecticut took victims of the sandy hook elementary school massacre. and it seems that mostly everyone has a connection to those who died that day in december. mike magnoli has more on the story singing. >> many of the people we met in this crowd of thousands have personal connections to sandy hook. "the impact of the day, and the caring and compassion that comes from teachers that um, i think only if you're a teacher, you can truly understand." erica keena and lisa masella are both from newtown and both are teachers in neighboring districts. for these two, this run brings back memories of where they were and what they were doing on the day their hometown elementary school was attacked. "i was in lockdown in the girls lockeroom with my students." "for me this has made me say 'i love you' more, hug more and spend more time

but also in western europe in general you have iceland for example has already made headlines recently with some of its a radical debates going on trying to censor the internet now this is really a sensitive topic because on the one hand they're saying that there is really a fundamental and justified need to address those challenges facing women's rights and role in society and. on the other hand the manner in which control may be imposed how broader and compassing these powers may be is really what's worrying those campaigning for freedom of the internet of speech and of expression. and it finally is known who will decide what to block well really what if you look at the proposal the wording is there are there's no specific name or a country given there but we do want to form sort of a sex sensor monitoring regulatory body which will be kind of a big institution this is what would be would like to do the calling for that and let me quote from the a statement it calls on the member states to establish independent regulation bodies with the aim of controlling the media and advertising i

to to control what is going on the internet and control of the public and free opinion there while iceland could soon become the first european democracies to tammie internet censorship the government there is debating radical internet filters to block on line pernod but who should choose what gets blocked for and that party dot com. the us to fans budget is facing almost fifty billion dollars in cuts and it's causing mixed feelings in america some fear it will weaken security but others say the reduction is long overdue but america's huge military presence abroad is one area many think could comfortably take the hit our washington correspondent damage account has been going over the numbers. there's a lot of talk in washington about the need to make some cuts to the humongous military budget in light of this conversation which checked out the latest pentagon numbers on troop deployment around the world that you want to says boots on the ground in one hundred fifty countries that's around two hundred thousand troops. serving in there from parts of the world largest contingency include of c

>> it certainly would have come up, i think, if some analogies with iceland from a number of years ago. even a smaller country, only 250,000 people, not a million people, but it was something that we focused on. we worried about and tried to think of what the implications are. here it's clear the europeans have made i think a terrible mistake in making this proposal. that potentially could undermine confidence, and that could have knock-on effects not only for the whole financial system in europe but potentially for the u.s. >> randy, one thing that everyone wants to know at this point is how healthy or unhealthy is the u.s. economy? how far off are we from full health? >> alas i think we're pretty far from full health. we've seen some green shoots in the spring. actually as we've seen in 2010 and 2011, with a little bit more job growth, a little bit more retail consumption. more stabilization of the housing market but we still have these big risks. the fiscal follies in the u.s. are not anywhere near conclusion. europe obviously is a risk that's still on the table. and i think there's

controls will probably last a matter of weeks but there is a sense of deja vu going on if we consider iceland let's rewind to november two thousand and eight we first called for to fall victim to the financial crisis likely cyprus banking restrictions were seen as a way of limiting destruction three months was believed to be the maximum time these limitations would exist for five years after a banking meltdown the north atlantic island has just extended its own controls in may so cyprus could be on a three hundred euro bonds hit for quite some time so for more analysis on this we're going to get the opinion of patrick young co-author of the gathering storm to get some more insight into this for us so hello to you patrick so please just presume pacha these restrictions do come off. what's going to happen where's the money going to go if not cyprus oh well i mean the problem is actually i don't think the restrictions can come off because there's going to be a giant sucking sound as all the money disappears from cyprus i mean there are all of these oligarchical private jets and corporate private

the for clues times whereas this is across the world whether it's cyprus whether it's ireland or iceland or the u.k. or here is that why do we keep on giving in to these people who say well the small print of our sacrosanct contracts on this credit default swap with greece trumps your large print your bold print of your constitutions and here she when writes this fine print is so front in the electron microscope to read it so much you can afford an electron microscope and civil rights don't apply to you and those are going to for to give eric holder a big fat bribe under the table in law doesn't apply to you and they sure can afford to let jamie diamond to rape and pillage your neighborhood with credit default swaps and risk your guy's mortgages you don't get nothin. so there freddie macin fannie mae owned so many homes across america and so many homes across america are meth labs and here's a chart provided by n.f.l. implodes and you see that there meth labs all over america but primarily in the heartland in the bible belt huge meth lab located in the smoke crack everyone knows that jes

cyprus to bail out the rich banks course they shouldn't be doing it they should follow the path of iceland let them go under too much all of europe like all of america's a bangkok recy everything is being run for the banks this is all about bailing out the banks it's not about bailing out cyprus not about bailing out greece or italy or spain it's the banks the banks that went bananas during the during the federal reserve and bank of england an e.c.v. generated boom of two thousand and seven two thousand and eight and so forth they got into bad trouble they have to pay for the mistakes they made and certainly nobody in cyprus should be taxed to pay back the bonds they never agreed average guys never agreed to pay those bonds they should repudiate the bonds start afresh and no longer rip off the average guy for the benefit of the rich bankers. now if the bailout deal is not ready by the monday deadline the european central bank will cut off the emergency funding to cyprus and it'll leave the small island economy in a state of ruin pushing it out of the eurozone now it is hoped the bailout wi

cyprus to bail out the rich bankers course they shouldn't be doing it they should follow the path of iceland let them go under too much the all of europe like all of america is a bank ocracy everything is being run for the banks this is all about bailing out the banks it's not about bailing out cyprus not about bailing out greece or italy or spain it's the banks the banks that went bananas during the during the federal reserve bank of england and e.c.b. generated boom of two thousand and seven two thousand and even so they got into bad trouble they have to pay for the mistakes they made and certainly nobody in cyprus should be taxed to pay back the bonds they never agreed to average guys never agreed to pay those bonds they should repudiate the bonds start afresh and no longer rip off the average guy for the benefit of the rich bankers. well bolin is insisting that cyprus revamps its banking system and stops being a tax haven germany is taking the toughest stance on the cyprus rescue deal slamming nicosia is to sit in to create a solidarity fund made up of pensions property and future gas. a