the sell-off has been exacerbated by media reports that a bailout by the international monetary fundbecoming increasingly likely. the imf and irish officials have dismissed fears of an irish defaults or emergency rescue, but ireland is currently rated the six the riskiest national bar work, just ahead of portugal and iraq. >> anglirish bank is continuing to drag on irish coffers. belling of the bank could cost as much as 40 billion euros. the total cost irish taxpayers should be repealed at the end of this month. the bailout had already strained the irish budget and caused worries the country will not be able to pay for more borrowing. those concerns have led the markets to demand higher interest rates on irish bonds. a 10-year yields are above 6%, a hires for i response since the introduction of the euro. the benchmark german 10-year bonds are at 2.4%. gree haso pay nearly 12%. the irish government is open to reassure markets and has denied rumors that doubling the assistance from the international monetary fund and the eu. but the timing cannot be worse. on tuesday, dublin plans to

tendin business the international monetary fund this morning the global economy is likely to slow down in the coming months more in twenty minutes. it's twelve noon here in the russian capital this is good to have you with us today the u.s. military is fighting for domination on many fronts even that home winning the hearts and minds of taxpayers is vital to reaping over six hundred billion dollars a year for the defense budget. he's going to church he can reports americans afford and victim to a modern p.r. campaign. nowhere else in the world are multimillion dollar war machines marketed like soft drinks and cell phones while come to washington d.c. metro. ads for military helicopters alongside those for a gambling spawn you would think somebody would notice saw that is such a known fact of life i just i knew before you mention it i just stop paying attention to the drones combat ships fighter jets bragging about defining the future and nobody seems to care except for a very few of these ads are targeted at a handful of people who decide on move to be lindahl a contract but what do re

international monetary fund and the world bank are the most sinister of the most tragic the most destructive aspects of the entire united nations just by. the basic policy of the international monetary fund is that monetary value is in terms of what a banker would see are of great importance but the fate of about a billion people around the world who are on the birds of starvation means absolutely nothing and some politicians even go so far as to say that i don't even think we belong in nato i think if they need a pack of countries in europe they should do it but not with our help like father like son so now you're actually a proponent of the united states not binding not joining organizations like the i.m.f. like the world bank like the united nations what i don't like is that we pay for all of them then i like the u.n. we foot the bill for maybe a third to a half of the u.n. and then you have to pay the dictators like hugo chavez or robert mugabe the evo morales who then go or cut off the from libya who go to the u.n. and just bash the united states they're useless and all they do i mean t

. >>> the international monetary fund says it will provide $450 million in emergency financing to flood-hit pakistan. managing director dominique strauss-kahn said in a statement on thursday that he'll ask the imf board to approve the financing this month. he said flooding in pakistan has caused serious damage to infrastructure and severely impacted the country's financial situation and economic outlook. emergency relief supplies are being sent to affected areas in pakistan. however, experts warn that more assistance may be needed because there are still many areas underwater. flooding across the indus river region has claimed more than 1,600 lives and affected more than 17 million people, or about 10% of the population. >>> in pakistan 2 out of 3 women can't read or write. the belief that women belong at home still prevails, making it impossible for many to get an education. but some are pressing ahead with the help of sympathetic organizations and a very familiar tool. nhk world's mobarik ahmed virk has more. >> translator: women need to study in this day and age. >> reporter: unesco and

and the international monetary fund is warning the global economy is likely to slow down in the coming months and let's have concerns over some national economies as well as the united states property market the i.m.f. recommends that russian economists should focus on student internal demand inversely it suggests that advice to condom is increase their exports and cut but should deficit. well that's all we have time for an hour join us next hour from when i get more stories for web site r.t. dot com slash business.

the international monetary fund is warning the global economy is likely to slow down in the coming months and lists have concerns over some national economists as well as the united states property market the i.m.f. recommends that emerging economies should focus on stimulating internal demond conversely it suggests that advanced economies increase their exports cent cut. that's all from the business team for now if you want to get more stories right now you can always log on to our web site r t v dot com slash business.

. >> jeff: susie, prime minister papandreou says greece is meeting targets set by the international monetary fund and the european union, after receiving emergency loans of $140 billion in may. and, he's encouraging american business to invest in his country. >> susie: i met with the prime minister a short while ago. my first question: what's the state of the greek economy? >> we have made major changes now. the economy is in a much better state because we've cut down the deficit by 40%. we are getting a vote of confidence from sovereign funds such as the norwegian pension fund, buying greek bonds, and recapitalization of our major bank, very positive. and there is a new confidence in the things we're doing. >> susie: but, mr. prime minister, many economists tell me the greek economy is still in serious trouble, and they're concerned that greece is at risk of defaulting on its debt. >> we've ruled out the option of default. if we were going to default, we would have done so early on. we decided no default. let's make the changes and be credible to our cred ders and show the world that greece can

the international monetary fund is warning the global economy is likely to slow down in the coming months analysts have concerns over some national economies as well as the united states property market i.m.f. recommends that emerging economies should focus on stimulating internal to money conversely it suggests that advanced economies increase their exports and cut budget deficits. a jump in food prices in russia is triggering inflation while this summer's drought is sparking fears about food shortages the government's promising to watch food prices closely to count them if necessary but large retailers say they have a better way to tie downs as found out. in august alone prices and dairy products grew by about two percent sugar rose three percent and bread five produces stand accused of holding back supplies in the hope of bigger profits but retailers claim they can help push prices back down to large retail chains can be a serious break for inflation because they are a real price indicator our chain had a one percent inflation this august compared with the last year and there was a tim

the international monetary fund.re trying to redistribute the wealth and power to the member nations. i.m.f. released a joint report and did it with, oh, look, that's right! the labor unions! yeah! power structure. they are warning that america and europe could face the worst job crisis since the 1930s and "risk an explosion of social unrest." gee, knew about that two years ago if you watch this fram. program -- program. i want to show a chart. this is not the fear-mongering glenn beck saying this. these are figures from the u.s. bureau of labor statistics. now, we've already had a glimpse of what happens when you've got unemployment and you have people saying no. you can't have pensions that you were promised because you were plagued by these guys. what happens? you have the riot in greece. there may come a time in this country where you cannot rely on the federal government for help. i hope it doesn't happen because of a crisis. i hope it happens because we believe in limited government. i don't think most of us ha

officials say those actions were necessary for them to get loans from the international monetary fund. >>> "american idol" today announced who will be joining randy jackson this season at the judge's table. aerosmith lead singer stephen tile you are and sick singer actress am jennifer lopez have been tapped to fill the two empty chairs. the long awaited announcement comes after months of rumors and anticipation about the show's new lineup. idol's newest members say they can't wait to get started. >> but this is such an iconic show. it's such a special year, ten years. it is just an amazing thing to be part of. i feel really lucky to be here. >> the next season of "american idol" begins in january right here on ktvu, channel 2 news. and for more on the next season of idol you can go to ktvu, channel 2 news. we have posted additional clips from ryan seacrest's big a i nounsment today. >> forbes magazine has received its annual list of america's richest residents. microsoft founder bill gates has retained his top spot at $54 billion. he is followed by the oracle of omaha warren buffett a

officials say those actions were necessary for them to get loans from the international monetary fund >>> "american idol" today announced who will be joining randy jackson this season at the judge's table. aerosmith lead singer stephen tile you are and sick singer actress am jennifer lopez have been tapped to fill the two empty chairs. the long awaited announcement comes after months of rumors and anticipation about the show's new lineup. idol's newest members say they can't wait to get started. >> but this is such an iconic show. it's such a special year, ten years. it is just an amazing thing to be part of. i feel really lucky to be here. >> the next season of "american idol" begins in january right here on ktvu, channel 2 news. and for more on the next season of idol you can go to ktvu, channel 2 news. we have posted additional clips from ryan seacrest's big a i nounsment today. >> forbes magazine has received its annual list of america's richest residents. microsoft founder bill gates has retained his top spot at $54 billion. he is followed by the oracle of omaha warren buffett at

i know there were criticisms of the global international monetary fund. i think events have now shown that our ability to work with the international monetary fund cost us not a single penny of our tax dollars, and was, in fact, helpful in containing what could have been a serious problem. although, it was serious enough to be one of the reasons for the slowdown of growth, i think. the second issue is coordination. i have been pleased to read articles in "the financial times," "the new york times," saying that yes, basel is a good thing, but it deals only with the banking industry in the technical sense, and there is the whole non-banking financial industry, where the problems were. recently, a column in "new york times," a column in the "financial times," they said the only country s step up to deal in a serious way with the non- bank issue is the united states, with our financial reform bill. we also know that having simply us do it does not work. as i said before, a justification was cooked up "socialism in one country," to explain why marx's prediction

president obama has already promised $140 billion of taxpayer money to go to the international monetary fund. $60 billion of the bank bailout went to oversees foreign banks. this money we will never gets back. we need a major overhaul -- we need to do away with this tax system that we have, we need to do away with the federal reserve. we need to go back to the constitution, let congress be responsible for the economy, like the gestapo -- they are supposed to be, and monitor our economic system. host: economic overhaul, give us an example. caller: the tax system needs to go -- we should not be taxing people wages or labor. we should have a fair tax system, or a direct tax, like when you buy something. congress is spending way too much money. they have been way out of control for years. we need to turn the economy back to a free-market system, supply and demand and competition. host: "the boston globe," this morning, their lead talked about the kickoff of election season. three gubernatorial rivals, legislative hopefuls. frank phillips writes -- election season getting underway in massachusett

also in the news is a report from the international monetary fund. this is bob davis reporting in "the wall street journal." here is what he writes -- britain and spain moving into dangerous territory. talking about too big to fail. pat, good morning to you. tv volume down and then -- i am going to move on. sorry about that. callers, you have to turn the volume down. san diego. caller: i think the companies that are too big to fail -- host: we can hear you. caller: yes, i believe that the companies that are too big to fail, they should, if we allow the companies to fail who is going to protect the people who lose their jobs? somebody's got to clean up the mess. so we should always have a backup plan. just like right now, i am dealing with an issue with an insurance company. they got the law that is protecting them. so they are too big to fail but nobody protects the little people. i went through an episode in the michigan where all general motors left and the whole state is bankrupt and nobody is there to protect the people. i am pretty sure you have

when we find, as the international monetary fund has found, the currency of the chinese is significant undervalued, it makes united states exports more expensive than chi -- in china and chinese imports more -- cheaper in the united states. our success for trade is contingent on our making sure we are using the tools in an aggressive fashion. we should be using all the tools in the international trade toolbox, the w.t.o., bilateral trade agreements, forums the united states and china are party to, all of these to make sure we are ensuring this level playing field that people are talking about here. if, as has been estimated, china's currency policy could reduce our gross domestic product by over a percentage point when we're trying to jump start the economy, this is precisely the thing we should do moving forward. mr. chairman, mr. speaker, i appreciate having an opportunity to vote on this today. i think this sends a strong signal that we want our international trade are regime to work, that we are not just mindlessly entering into these agreements but we are going to make sure they a

one is to make sure that in the halls of the international monetary fund, we make sure that they areroviding sensible, candid judgment about the level of under-valuation, and it's application for growth around the world. that helps make it clear that it is an issue for the global economy, not just for us. another approach would be to make sure that in the g-20 that these basic questions are brought up. that helps us make it easier. the basic question about how to make sure there is a more level playing field, and we are seeing strong growth in the rest of the world in ways to benefit american workers is not just about china. we try to encourage the europeans, the japanese, to make sure that there are expanding opportunities for trade, and as they grow, more of that growth comes from domestic demand. those are two examples to reinforce our own efforts multilaterally. >> who sets the agenda at the g- 20? >> the tradition is that the host sets the agenda, but the host works in close cooperation with the previous chair and the forthcoming share. we always play a central role in setting t

one is to make sure that, in the halls of the imf, the international monetary fund, we make sure that imf is providing sensible judgment about the level of hunter valuation and its applications for growth around the world. that -- level of undervaluation and its implications for growth around the world. it is necessary to make sure that these basic questions are at the center of attention. that helps us in that it makes it easier for countries to say what they think and draw a broader response to these questions. we are seeing strong growth in the rest of the world that would benefit american workers is not just about china. in these discussions, we're talking to the europeans and the japanese, not just china and emerging markets, to make sure they are expanding opportunities for trade. as they grow in the future, more of that growth comes from domestic demand and is less export-dependent. those are examples of how to use a multilateral approach. >> who sets the agenda at the g- 20? >> the tradition is that the hope -- the tradition is the host of the meeting. we always play a central