with mass protests in spain and clashes in italy greece struggles to form a government while its creditors a lay plans in case it quits the euro. next up as promised russian man business russian businessman rather of victor boot talks exclusively to r.t. about what he believes is really behind the twenty five year jail term he's now serving in the u.s. . victor boot a russian air cargo businessman dubbed the merchant of death in the u.s. sentenced to twenty five years behind bars for allegedly arms trafficking in april years and tens of millions of dollars pumped into hunting him down u.s. agents posing as fark members how little rested in a sting operation in thailand in two thousand and eight found not guilty by thai courts twice he was still extradited to the u.s. russia called the move illegal victor boot now speaks to our t. exclusively from jail. victor thank you very much for calling in today i want to start by asking you you were sentenced to a quarter of a century behind bars what does that feel like grow worse before they come with you and your physical your father brother cronk

you will leave out of spain and go to france, italy, greece and turkey for about $50 a day. airfare is not included. this is with norwegian cruiseline. >>> does your daughter need new jeans? target's daily deal is a buy one, get one free. works out to be $17.99 for two pairs of girls jeans made by levis under the denson brand and you're getting free shipping on this one. >> we can honor our heroes at the nation's only military film fest. living social has this deal with gi film festival. pay $6 for one day-time movie screening, 50% off or $15 for three daytime screenings regularly $36. it runs from may 14 through the 20th at d.c.'s navy memorial theater. if you're a local merchant with a deal for our viewers, i'd love to hear from you on facebook. i'm jess come doyle, 9news -- jessica doyle, 9news now. >>> if you'd like some wildlife to go with your high end lifestyle, there is a condominum that you need to see. it's one of the choiciest pieces of property in the windy city. as reporter marissa bailey tells us, it comes with at least one feathered friend. >> reporter: 1100

italy greece the u.k. they've all risen since since they've passed these austerity measures and now the people and people are suffering suicide rates are up unemployment is up and now people are hitting the polls and saying we don't want that anymore and republicans are pushing the exact same thing here but only more nefarious i mean in a lot of these austerity. agendas in europe they call for tax hikes on even wealthy people i mean this is something of shared sacrifice of course it's working people are getting it the hardest here in the united states it's it's disguised austerity it's wealth transfer it's tax cuts for the rich austerity for everybody else not even remotely so ryan's budget representative paul ryan doesn't balance the budget for decades and the european problem is not the bankers the european spent themselves while they have severe hangovers spain has more houses than i can use more workers than i can use after importing several million in the last decade they're just pain for this while y

large part of the focus was and decided cozy but it's going to reinforce speedball who in spain italy greece want a different functioning of europe so i think it is the beginning of a possible change but if we can all be too sure what's going to happen of course it's not only a matter of personality but also of context and the context is somewhat different in part thanks to his victory today ok just a quick comment on foreign policy that's all it will be busy the next week there's a nato summit a g. twenty what kind of france will we be bringing to the table well i think is going to be less of an atlanta says. less close to the united states he already said that he would tell the united states that france would withdraw its troops from afghanistan at the end of two thousand and twelve so i think is doing is going to be somewhat tougher in the west but historically desertion is i've not had a very different foreign policy from the conservatives but there are forces pushing for launch. it is likely that is going to be is likely more difficult with the u.s. . very different on a personal level

rest of the weaker countries if need be should there be a disorderly exit by greece ensure that trickle over to spain and italy. >> -- by greece and to ensure this does not trickle over to spain and italy. >> would they effectively intervene in a crisis? >> in an ideal scenario, you would have some talk of bonds, some political discussion around a real political integration, a fiscal union. that is probably not going to happen given the political constraints. angela merkel is facing incredible pressure in germany, as are many incumbents in europe. we could see a joint statement from the two of them that france and germany are going to do whatever it takes financially and politically to keep the eurozone to get there. a firm statement issued together. >> they say they are putting both arguments on the table this month. do you think that she is likely to dominate on the stage? i think that the germans and the german street is starting to realize that this is not germany against the rest of the eurozone. there is a false debate throughout the entire crisis that the german model is the better model and if the rest

you are not permitted to talk about greece, spain, italy, or europe. that's gone. in that event, they do not exist, would you be a bull or bear in stocks? >> well, if he's right about the jobs numbers, maybe i'm bullish, but i don't think he is right about the jobs number. all the data, you look at the adp numbers, they point to a soft jobs figure. granted consumers may have a little more money in their pockets from lower gas prices, but gasoline and food prices are still higher than they were a year ago. and if we look at consumer spending, which is stagnating, consumer incomes, which have stagna stagnated, and we see consumers are dipping into savings, this can't last, we have to -- >> so you're a bear on this story? excludeing the eurozone you would be a bear, is that fair? >> not really. because excludeing europe if we can do that, then stocks are still more attractive than other asset classes. but i wouldn't be buying them tomorrow. i'd wait for this correction to play out and buy them in the fall. >> you'd wait. what about this -- i see two sides to this. you

piigs -- that's the acronym for portugal, ireland, italy, greece and spain! no, it's not piigs kind, it's the good kind. so what does this mean? don't you wish you knew that all the companies you own, how they made their money? don't you wish, for example, how you knew how jpmorgan made its money? i know they do some nutty thing over there in europe that can cost them at least a couple billion dollars, something nobody has been able to explain, including the ceo, but every kid can explain spam. no adult, not even of the rocket scientist variety can explain a security that's supposed to profit from rising credits. you might not consider spam a real grower, although it did put up some pretty good numbers in sales last night. maybe you want something with more innovation, financial innovation. i don't want any financial innovation on the show. hormel is the king of food innovation from way back and i just don't mean its development of the world's first canned ham in 1926. i'm talking about jennie o turkey! the breakthrough turkey product. this did 70.2 million i

>>neil: first greece and now possibly the same thing happening in italy with a total economic collapse. greece, $900 million withdrawn if a single day, and $6.5 million in 10 days. and today, growing fears it could be a full-blown panic, and it has happened before. people in this country remember it. market watcher says folks here have good reason to be concerned. it is has precedent, and including ongoing precedent. some would say just saying that makes it happen. me are smart, rightst they get nervous seeing what is happening with their politicians. and, the devaluing of the currency, and they get out. >>guest: and the funny thing, politicians, really, should not be driving people out of the banks it is the practices of the banks. look for further than j.p. morgan chase and does anyone want their money there, i don't know but you make a good point, washington mutual, the largest bank failure in u.s. history, they saw people pulling money out in droves and the other issue, with the federal reserve manipulating the yield as it has drive down interest rates it is not worth it to keep ey

you have italy and greece. you have a change in leadership in france. do do you see germany, they are trying to take over economically are they trying to help the economy of western europe and all the nations over there or trying to take it over? >> i think germany is trying to help germany. that is one of the primary creator of the euro to start off with. this was done not for the betterment of the of the united states. this was for the betterment of the countries that participated so they could better compete with the united states. it's going bad. i think it's an experiment that has to fail. i think many of the currencies and many of the countries will go back to their own currency. >> greta: enthusiasm factor in the 2012 election, president obama spoke made this announcement on saturday in an 18,000 arena, only 14,000 showed up. he was competing with a big hockey game. you have governor romney, big tent. he has the tea party and evangelicals. do you see 2012 as either candidate being able to get that incredible enthusiasm to get voters out to vote?

you go to france, italy, greece and turkey for about $50 a day ivelgt airfare he owe a day. heir fair is not included. does your -- airfare is not included. does your daughter need new jeans. target has a deal, two pairs of girls jeans made by levis under the denson brand, by one pair and get one free. and we can honor our military's -- nation's military. pay $6 for one daytime movie screening, 50% off or $15 for three daytime screenings at the gi film festival. regularly $36. this event runs from may 14 through the 20th at d.c.'s navy memorial theater. if you have an offer you've soon or you're a local merchant with a deal for our viewers, i'd love to hear from you on facebook. a check on the news before you go is next. >>> 6:53. sunny, breezy and cool right now. we're in the mid-50s here in town. it's going to be a breezy to windy day. noontime temps 64. sunny, breezy and 68 for that ride home. andrea, over to you. >> thank you, howard. today is thursday, may 10. here's a check on the news before you go. family and friends will pay their final respects today to brenda brew

europe's problems are decades old and the problem, erin, is that these countries, france, spain, italy, greecected to these kind of massive entitlement programs, they can't give them up. and look, it's hard to say that they've had too much austerity in these countries. look at their debt burdens. i know you've looked at these numbers. most of these countries have over 100% of their gdp in debt. those are frightingly large numbers. if you want to talk about austerity, one of the worst things you could do in france is raise that top income rate to 75%. there was a sell-off of french bonds today, the euro got creamed relative to the dollar. this was not a pro-investor result in the elections, but i do think, by the way, that i think the real element, the similarity between what happened in greece and france was a kind of allow the rascals out, throw the bums out. whatever these status quo politicians are doing, it's not working. >> it's interesting, david, what we saw in france was the rise of the left. it's unclear, in a couple weeks, parliament might end up unikizing, to make up a word, holland

you're going to spain, france, italy, greece and turkey. about $50 a day. this is with norwegian cruiselines. i told you you don't want to miss it. there's no catch. you have to pay money. you leave from barcelona. you want to go. of course you've got to pay for your own airfare but that's not so bad. does your daughter need new jeans. target's daily deals, this works out to be $17.99 for to pairs of girls jeans made by levis and you're also getting free shipping. and in honor of our nation's heroes, we are honoring them at the nation's only military film fest. living social has this deal with the gi film festival. pay $6 for one daytime movie screening, that's 50% off or $15 for three screenings regularly $36. this event runs may 14 through the 20th at d.c.'s navy memorial theater. i love my deals today. if you have an offer you've seen or you're a local merchant with a deal for our viewers, i'd love to hear from you on facebook and i'm sending them over to mike. >> we love those too. >>> in two months he is going to try to walk 1800 feet across niagara fa

listen, italy is going down. greece is going down. spain is going down. france will go down once they start going down. we have a $16 trillion debt. we're actually spending more money per person than portugal, italy, greece, spain, the so-called pigs. look at this chart. we're spending more money per person in the united states of america than the so-called pigs of europe that are going down, and yet, mike, united states senators are not passing budgets. >> if harry reid had spent as much time and energy on trying to get a budget bill passed as he spent on trying to get bill daly, the former white house chief of staff, fired, we'd have a budget. >> yeah. >> by the way, harry reid crushed the democratic budget chairman, a good man, a fiscal hawk. there are good, fiscal hawks. kent conrad, there are democrats acting so responsibly. ron widen, and i tell you what, tip of the hat to dick durbin who dared to stroet for simpson boles. there are democrats on the honor roll, but i tell you what. the senate leadership zooish collectively not getting anything down.

some individual countries, they are in recession, italy, spain, greece, for example. but i guess these figures probably reflect that rather than better than expected number we had an hour ago especially for germany. >> thank you, andrew. it's going to be interesting to say the least the discussions between hollande and angela merkel and whether it's a reason to beat the drums a little harder in terms of their own austerity and growth, a point francois hollande has made in his speech right until the end there, to cope with the reduction of -- there at the same time. just want to take you away from the elysee palace because we have had news in the last naints the former executive rebekah brooks and her husband are to be charged with perversing justice in connection with the u.k. phone-hacking scandal. we had rebekah brooks appearing before the committee on ethics but wasn't part of the discussion but it's been decided she now will be charged. the two said we deplore this weak decision and five other people also being told -- they will hear today if they are to be proces

my biggest tear was that people in greece, spain and italy would rip the money from their own banks because they fear getting booted from the euro. say you're a citizen of greece and you get kicked out of the euro area and have to create your own currency. one day you have $10, the next day you have $5. you pull all your euros out of the bank while they're worth $10 before spain comes up with its own worthless euro so if greece goes down, you're prepared for spain to go down, too. it's no different in italy either. you don't want that new currency if that happens. runs on the bank is one of the most dangerous things in the universe. lack of confidence is one of the mow dangerous things, you don't know what happens once it's started. we had the much hated but most successful tarp program that saved our system, they have no tarp strategy and they have a weak central bank compared to our strong one. they fiddle while rome, madrid and athens burns. we saved our system. since the europeans have done nothing to shore up the weaker countries like a tarp, the people who live in those countries are

>> caller: the basis for this whole thing is there's a massive entitlement program in greece, in italy. i mean, nay ear spending way too much money. so i don't understand how now everybody is, like, oh, we need to spend more money. you know? that's the problem. we haven't been spending enough. if i'm a german taxpayer, there's no way i want to give my money to greece, to italy, i mean, why should a german taxpayer want to give their money away in my opinion. >> mr. lombardi? >> i think the calmer does raise a very good point. so why germany after all should, you know, support this fiscally profligate countries of europe. first of all, germany does benefit from the single currency market. germany runs a credit account surpl surplus. it's more or less in line with china's. and of course, i guess where most of the german exports go, go to the rest of the euro area. these are a big export market. italy, spain, or other peripheral economies are big export markets for germany. on top of that, germany has benefited from the single currency. the single currency being sort of average of the ver

i love the fact that donuts aren't staples in spain, italy or greece.can't beat that or an extra large with a little bit of skim like i get every weekend at my own dunkin' donuts in summit where not only am i regular but they know my drink and they have it poured by the time i get to the front of the line. robert in pennsylvania, robert! >> booyah skeedaddy. i have a question about roundy's. they plummeted after earnings. >> they put a note saying don't fret roundy's. it rose puerto rico 1070 where we recommended it. it's a jpmorgan note. they're very happy with it, i'm going to go with what jpmorgan says. they're following it very closely. i think we're fine in roundy's. a lot of people asked me, that's why i know about it. mark in new jersey. >> caller: hey, jim, a big little silver booyah for you. >> what part of jersey booyah? >> caller: little silver right there. >> yeah, okay, i know that. i was thinking jersey turnpike. i forgot the garden state. what's up? >> caller: my question to is carlisle group. it ipo'd earlier this month and it wasn't a b

multigrain cheerios... five whole grains, 110 calories. . >> we don't want to be greece, portugal. italyr an england. they borrow too much and got too deep into their hole. >> paul: well, it may not be greece yet. but the fiscal problems, with jerry brown saying he faces a state putting deficit, almost twice the 9.2 billion he predicted in january along with a new round of spending cuts. the governor is calling for temporary increase in the state's sales tax and a seven year sur tax on californians earning $250,000 or more a year. will it-- and a urbn urban studies profesr from chat man, california. welcome to the program. >> nice to be here. >> so her states have seen revenues grow in this economic recover. what is ronning with california? why can't they do the same? >> well, california has a lot more heavy topic, and now with facebook, people earning phenomenal amounts of money, the general class, small business and middle classes making less money. you have a facebook, and hewlett packard 30,000 layoffs. the fact is you have very high end success, but the middle class has been hollowi

pond finally the financial ugly ducklings of the euro zone spain italy and greece are now facing a normalort of crisis and it is. olive oil water is prices plunged to a ten year as economic problems hit domestic consumption this could worsen the situation of the three countries accounting for seventy percent of the world's oil oil oil all that oil out but i would call more overspray it is expected to have a record to harvest all oil. something that definitely won't support the price and also another kind of always see the bread prices for those are the lights we step over ninety one dollars per barrel on the bread edging towards one hundred and eight so they are indeed gaining they've been gaining throughout the session was all from a metasearch so this guy will be back in the next hour with all the details fantastic if he enjoyed the afternoon thanks very much. harder still to come here now to the headlines. and cross talk. religion and they. are insufferable. in light of. inner peace without. joy without the press. my parents really truly honestly believe that what had happened was as a

everybody so nothing happens bad meanwhile it's whether it's to united states spain ireland italy u.k. greece portugal go around the globe will get we need more money we're going to call it oil stary teammate shoes so what it is it's punishing the people at every level cutting services cutting pensions cutting benefits increasing the retirement age to left to die whatever they do it's hit the little people so that we can keep propping up the top is this propaganda no look at the numbers the gap between the rich and the poor is the widest the united states then industrialized nations you put it all together justice means just us not them. general has political trends economic trends and all. social trends and you bring them all together and that's why it's so widely read and popular and on the social trends front i'm been in new york now for a couple of weeks and i see things that i find remarkable for example i was at a club the other night it was a comedy club and the comedian before they went into their routine they went they gave a series of disclaimers like these jokes they're about women