tory mps might shout but the reality is as of today, 20,000 karelian workers are worried about their future and for many of them the only recourse tonight is to phone a dwb hotline. the frailties are well-known. hedge funds betting against them in 2015, rbs banks, state owned, making provisions against them last year, the government is supposed to protect public money through crown representatives supposed to monitor these powerful corporations who get huge public contracts. this is a question the prime minister needs to answer the question is this. why did the position remain vacant during the crucial period of august to november when the profit warnings were being issued, the share price is in freefall and people are very worried. >> i have to say to the right honorable gentlemen can i say to the foreign secretary i asked the question but i know she praised karelian in the past. >> can i say, can i say to the right honorable gentlemen there is obviously a representative fully involved in government response to replace the one that was in place, the chief commercial officer and cabi

and companies like karelian by the way they're not the only ones billions of pounds to do work which actually the n.h.s. could do just as well and just cheaply and these companies have effectively used the n.h.s. as a way of siphoning public money public resources well that we. into the pockets of private shareholders you know korean put their diffidence up last year something like eighteen i seen point four five percent time when they knew the profits were going down so that no these companies don't add any value if anything they just siphon value or whatever call face saving karelian it operate two hundred operating theatres three hundred critical care beds does remember website when we had no running and no eleven thousand inpatient beds on the coalface would you see these of the managers walking around the wards were these so you have people who chest jobs. porto's or cleaners or people who do maintenance but they don't work for the n.h.s. they work for private companies a lot of these people actually used to be and i just stuff through. posting of contrast to the privatisation p

but actually to type back into public ownership the karelian contacts the g four s. contrast contrast the people that are running on didn't service up and down the country or the people running community services furch inc had. built i fully into quite its national health and social care service no in the prices of cuts and privatization but on the prices of a democratic public ownership so that we can gave the cash that we're trying for so long to be able to expect a big difference ration of every word i think the demonstration of that effect it's got the upper the potential to be a real lightning rod for a lot of the anger that is out there we have got people dying in college or is on trial days in time without seeing a doctor over nice that is the situation is an except in a play lap to everybody who's watching if you can come down to london on the third of february to type in a demonstration as a get involved in a movement up and down the country in your community to defend the national have said this and to send this government back and jackie barry thank you af

i schools and hospitals to the highest bidder and other words many of karelians p.f. i assets are already in the hands of foreign investors meaning that while the government will have to take over many of the services karelian can no longer provide and may still have to pay leasing cost to the foreign owned firms that currently and sold out to otherwise those firms may sue the government for a lost profits this is a remarkable chain of events because you have u.k. companies are going to be privatized because the private sector is more efficient so they take it out of the hands of the government and then these assets end up in the funds of public pension funds or foreign governments to pay an interest income to foreigners supplied by u.k. citizens so it's a transplant of state assets with reliable income out of the u.k. to foreign governments you know we you and i have pointed out that these p.f. ideals have been very expensive to the u.k. taxpayer and on this bit for this headline then we're going to go on to another headline relating to this but for this headline wit

learn any lessons from the karelian crisis tens of thousands of threatened with losing their jobs in the u.k. we speak to an n.h.s. nurse about the public private partnerships the g alleges are destroying universal health care system and are austerity cuts killing young people on the streets of britain we speak to a former metropolitan police chief with over twenty years experience about why he believes u.k. prime minister tourism a has blood on their hands but the government is not running really and the government is actually a customer of caribbean according to the pm the british government is merely just another customer of the multi-billion pound liquidated private contract chaired by her former corporate responsibility adviser all the more coming up in today's going underground but first across british civic society there appears to be a consensus that years of relative cuts to the n.h.s. universal health care system to bail out the banks have caused a crisis even the normally stoic u.k. health secretary in the past few weeks has apologised for the enforced cancellation of tens

story wasn't even just about karelian it was about the wholesale privatisation of u.k. society to favor a handful of massive multinationals but this isn't one isolated case of government negligence and corporate failure it's a pro can system. under this government. under this government virgin stagecoach can spectacularly mismanage the east coast main line and be let off a two billion pound payment capital and a toss can continue to wreck the lives through damaging disability assessments of many people with disabilities and when more government funded contractors g four s. promised to provide security at the lympics failed to do so and the army had to step in and save the day these corporations mr speaker need to be shown the do all we need our public services provided by public employees with a public service ethos and a strong public oversight. as the ruins of karelian lie around will the prime minister act to end this costly racket of the relationship between government and some of these companies there's no sign yet that mainstream elite media let alone juries amaze

construction and services giant karelian. you know arab emirates has accused country air force jets of twice intercepting civilian aircraft during flights to bahrain as foreign minister has denied the allegation and u.s. central command in the middle east says it hasn't received any reports of civilian flights being intercepted in the gulf skies it comes three days off to doha complained to the un security council about two alleged violations of space. in recent weeks. yes president donald trump has in a phone call with the country emir thanked the nation for its work in countering terrorism and extremism president trump also reiterated his support for a strong united gulf cooperation council that's focused on countering regional threats israeli soldiers who shot dead a palestinian man during clashes in the occupied west bank the twenty four year old was killed near the city of kut here in person in protest as threw rocks at troops who responded with live fire tensions in the region have risen since president trump recognized

story wasn't even just about karelian it was about the wholesale privatisation of u.k. society to favor a handful of massive multinationals but this isn't one isolated case of government negligence and corporate failure it's a broken system. under this government. under this government virgin and stagecoach can spectacularly mismanaged the east coast main line and be let off a two billion pound payment capita and a toss can continue to wreck the lives through damaging disability assessments of many people with disabilities and when more government funded contractors g four s. promised to provide security at the olympics failed to do so and the army had to step in and save today these corporations mr speaker need to be shown the do all we need our public services provided by public employees with a public service ethos and a strong public oversight. as the ruins of karelian lie around will the prime minister ash to end this costly racket of the relationship between government and some of these companies there's no sign yet that mainstream elite media level of tourism. ma

karelian prices of tens of thousands of threatened with losing their jobs in the u.k. we speak to an n.h.s. nurse about the public private partnerships the chill edges of destroying universal health care system and our austerity cuts killing young people on the streets of britain we speak to a former metropolitan police chief with over twenty years experience about why he believes u.k. prime minister tourism a has blood on their hands but the government is not running really and the government is actually a customer of caribbean according to the pm the british government is merely just another customer of the multi-billion pound liquidated private contractor chaired by her former corporate responsibility adviser told us more coming up in today's going underground but first across british civic society there appears to be a consensus that is a relative got to be n.h.s. universal health care system to bail out the banks have caused a crisis even the normally stoic u.k. health secretary in the past few weeks has apologized for the enforced cancellation of tens of thousand

story wasn't even just about karelian it was about the wholesale privatisation of u.k. society to favor a handful of massive multinationals but this isn't one isolated case of government negligence and corporate failure it's a broken system. under this government. under this government virgin and stagecoach can spectacularly mismanage the east coast main line and be let off a two billion pound payment capita and a toss can continue to wreck the lives through damaging disability assessments of many people with disabilities and when more government funded contractors g four s. promised to provide security at the olympics failed to do so and the army had to step in and save today these corporations mr speaker need to be shown the do all we need our public services provided by public employees with a public service ethos and a strong public oversight. as the ruins of karelian lie around will the prime minister ash to end this costly racket of the relationship between government and some of these companies there's no sign yet that mainstream elite media level of tourism. min

i schools and hospitals to the highest bidder and other words many of karelians p.f. i assets are already in the hands of foreign investors meaning that while the government will have to take over many of the services karelian can no longer provide and may still have to pay leasing cost to the foreign owned firms that currently and sold out to otherwise those firms may sue the government for a lost profits this is a remarkable chain of events because you have u.k. companies are going to be privatized because the private sector is more efficient so they take it out of the hands of the government and then these assets end up in the tension funds and public pension funds or foreign governments to pay and interest income to foreigners supplied by u.k. citizens so it's a transplant of state assets with reliable income out of the u.k. to foreign governments you know we you and i have pointed out that these p.f. ideals have been very expensive to the u.k. taxpayer and on this bit for this headline then we're going to go on to another headline relating to this but for this he

tell us more about the problems that have put karelian into this position. well basically a lot of criticism about its management practices and the fact that they were bidding also for some deals where the profit margins were simply not high enough so basically unsustainable and a lot of criticism for the british government because we've had profit warnings already last july and yet the government kept investing and it was said by several figures many labor figures the opposition in party that the government was simply too blind with directed that they were too busy with directed in order to to really see what was happening with this company so many people impacted by the situation now the british government is stepping in paying wages for karelian workers for example is there any idea what happens next. a lot of discussion about the general business practice off of government outsourcing vital services where the the profits of being raked in by private companies like karelian who's also being accused of having too high wages for the top management but then

i schools and hospitals to the highest bidder and other words many of karelians p.f. i assets are already in the hands of foreign investors meaning that while the government will have to take over many of the services karelian can no longer provide and may still have to pay leasing cost to the foreign owned firms that currently and sold out to otherwise those firms may sue the government for a lost profits this is a remarkable chain of events because you have u.k. companies are going to be privatized because the private sector is more efficient so they take it out of the hands of the government and then these assets end up in the funds and public pension funds or foreign governments to pay and interest income to foreigners supplied by u.k. citizens so it's a transplant of state assets with reliable income out of the u.k. to foreign governments you know we you and i have pointed out that these p.f. ideals have been very expensive to the u.k. taxpayer and on this bit for this headline then we're going to go on to another headline relating to this but for this headline w

the sheer scale of karelians business activities reaches into almost every aspect of british life karelian and its contractors are involved in managing hundreds of schools hospitals and prisons and maintaining thousands of military haves karelian it's also a major infrastructure company involved in constructing the multi-billion dollar high speed two rail link as well as multimillion dollar hospital and transportation projects its collapse essential to the corridors of government and cast grave uncertainty over the livelihoods of tens of thousands of workers including here at the royal liverpool hospital but skating staff cleaning staff it's absolutely diabolical what's going on they took off their future is going to hell and it's not just in the sack really and they're all over you know so it's going to happen to a lot of people all over the country after three profit warnings in the past six months the signs were there when last ditch talks broke down on sunday karelians chairman philip green confirmed to the company's lenders have pulled the plug. the british government could be promise

trouble you can a construction company karelian has collapsed ever talks with the british government failed over the weekend employs forty three thousand people around the world including twenty thousand and britain and is involved in hundreds of government projects in the u.k. like the building and maintenance of hospitals prisons defense sites and the country's new super fast rail line following a rocky twenty seventeen banks now refused to throw the company a desperately needed lifeline. in july twenty seventeen billion was valued at more than one billion dollars as one of britain's largest construction companies it was known for prestigious projects such as the tate modern in london munches to be some tower and heathrow airport terminal five but things took a bad turn when the company issued a profit warning last july its share price tumbled and by august karelian was demoted from the footsie one hundred the index for the u.k.'s one hundred largest companies karelian now owes more than one billion dollars to several lenders who now face the prospect of losing their money. the cre

shorted companies on the london stock exchange meaning the city of london knew it face problems karelian continued to win taxpayer funded contracts even as it paid out shareholder dividends while it faced a pensions blackhole tourism a presided over two billion pounds in contracts being given to former advisors company after a profit warnings and with a civil service oversight role concerned with karelian unfilled questions in even mainstream media now center on whether it's time to rethink capitalism after decades of labor outsourcing joining me now is angus mcneil he's the chair of britain's international trade select committee as well as being on the u.k.'s national security strategy committee and the s.n.p. shadow spokesperson for the environment and rural affairs analyst thanks so much for coming back on before we go into the iraq other issues surrounding this debacle are your only national security strategy committee what implications for defense of the realm given that karelian is in charge of certain facilities around britain's nuclear deterrent in scotland a naval base well the

will fail to be delivered following the collapse of britain's second largest construction company karelian the company announced its immediate liquidation after failing to secure a lifeline from the british government during the weekend as one of britain's largest construction companies it was known for prestigious projects such as the tate modern in london manchester's beat him tower and heathrow airports terminal five karelian was valued at more than one billion dollars as of last summer but things took a turn when the company issued a profit warning in july its share price tumbled and by august crilly was demoted from the f t s e one hundred index for the u.k.'s largest one hundred companies crilly and now owes more than one billion dollars to its lenders. they shareholders the creditors the banks are going to have to say a cartel hit we cannot have a situation where probably the size ation means private profits when they project so successful but the government nationalizing the losses when they fail a lot would not be acceptable outcome karelians demise will leave more than forty thou

shorted companies on the london stock exchange meaning the city of london knew it face problems karelian continued to win taxpayer funded contracts even as it paid out shareholder dividends while it faced a pensions black hole tourism a presided over two billion pounds in contracts being given to former advisors company after profit warnings and with a civil service oversight role concerned with karelian unfilled questions in even mainstream media now center on whether it's time to rethink capitalism after decades of thought right from the labor outsourcing joining me now is angus mcneil he's the chair of britain's international trade select committee as well as being on the u.k.'s national security strategy committee and the s.n.p. shadow spokesperson for the environment and rural affairs analyst thanks so much for coming back on before we go into the iraq other issues surrounding this debacle are your only national security strategy committee what implications for defense of the realm given that karelian is in charge of certain facilities around britain's nuclear deterrent in scotland

s largest one hundred companies karelian now owes more than one billion dollars to its lenders. the shareholders the creditors the barons are going to have to say a cartel hit we cannot have a situation where profit size ation means private profits when they project so successful that the government nationalizing the losses when they fail a lot would not be acceptable are karelians demise will leave more than forty thousand people uncertain about their jobs and small subcontractors fear their invoices may go unpaid it's now worth a meager eighty million dollars that's less than a tenth of the value a few months ago its financial problems are blamed on unprofitable contracts and delayed payments from projects in the middle east through critics could see this next story is a blow to their campaign against tax avoidance the european union is set to remove eight countries from its list of tax havens officials say panama south korea the united arab emirates and five others have committed to changing their tax rules in u.n. ambassadors will discuss the proposal on wednesday it's expec

going underground looks into the collapse of the construction giant karelian and if you're watching in the u.k. or ireland sputnik use discussing the latest scandals engulfing the u.k. independence party. i'm here we're going underground as today u.s. secretary of state rex tillerson commemorates the death of auschwitz seventy three years to the day that soviet troops liberated the nazi concentration camp coming up in the show as all the bosses a multi-billion dollar failed multinational cover the end of someone to westminster for questioning we are one of the german corbin's keep ultimately allies the former shadow emergencies minister chris williamson why his party countenance signing deals with the caribbean and the director of global justice now urges a future british labor government to atone for its sins and stop the n.h.s. being used as a cash cow by a profit hungry pharmaceutical industry was. going to face up to reality and take action to save the n.h.s. from jets by the thousand. jeremy corbyn let alone u.k. foreign secretary boards johnson slams the government for destroying

karelian went into liquidation with debts we now understand to be $1.29 billion, pension deficit of $600 million, and at the same time this company was paying out ever increasing shareholder dividends while -- wildly excessive bonuses to directors and today, 8000 workers on private-sector contract will no longer be paid. the chief executive is going to be paid for another ten months. one rule for the superrich, another for everyone else. can the prime minister assure the house today that not a single penny more will go to the chief executive or the directors of this company? p.m. may: can i first say to the right honorable gentlemen this is a situation changing the decisions being taken but my understanding is a number of private sector contracts come to an agreement with the official receiver that means their workers will indeed continue to be paid. it is important we say that is the official receiver doing their job working with those companies. he raised the issue of bonuses. people are concerned about this issue and rightly asking questions about it. that is why we are making sure th

construction company karelian has collapsed after talks with the government failed over the weekend karelian employs forty three thousand people around the world and as an walton hundreds of government projects in the united kingdom like building and maintaining hospitals prisons or reliance following a rocky twenty seventeen banks refused to throw the company it desperately needed last. in july two thousand and seventeen it was valued at more than one billion dollars as one of britain's largest construction companies it was known for prestigious projects such as the tate modern in london manchester's be some tower and heathrow airports terminal five but things took a bad turn when the company issued a profit warning last july its share price tumbled and by august it was demoted from the forty one hundred index for the u.k.'s one hundred largest companies. more than one billion dollars to several lenders who now face the prospect of losing their money. shareholders creditors the banks are going to have to say we cannot have a situation where privatized. private profits when they project so s

the collapse of karelian the second largest construction firm in the u.k. has created an economic political crisis the for the firm announced monday that it was going into liquidation karelian contracts with the government for a broad variety of services that include running or supplying schools prisons and hospitals as well as construction the firm's collapse threatens the jobs of nineteen thousand crilly and workers and many more at subcontractors karelian sank under weight of a one point three billion dollar debt as well as eight hundred million deficit in which the company's pension fund was based this morning british prime minister conservative teresa mayes government announced the creation of a task force to help companies and workers who might have been hurt by the collapse labor party leader jeremy corbyn has criticised a conservative government not just on oversight of karelian contracts but the privatisation model he told the u.k. guardian today that if labor takes over power quote quote unquote we will write the rules to give the public back cont

they were signing things off with karelian before. the collapse how how could you possibly i think i think i think they retrieved that and i think what we've they have to bear there is no good you know i think the treaty before they actually signed that off but you know we've had as you say there's no contract no record wasn't lying directly but there was a preferred bidder stages given to really after all the profit yes indeed and the problem has been the model that held sway for the last four decades is not fit for purpose was really fit for purpose then and for a lot of local authorities a public sector organizations it was a kind of only show in town i mean when i was leader of the council in dalby a number of years ago when i did the first peer by scheme in the city was during a labor government that's true but it was to bring properties back into use and then to revenue were involved in that i was because it was the only show it isn't the problem you talk the talk against new liberalism you have a lead council which is trying to

they were signing things off with karelian before the collapse how how could you possibly think of it when i think they retrieved that and i think what we've they have to bear there is no good you know i think they're treated before they actually signed that off but you know we've had as you say there's no contract no record wasn't lying directly but there was a preferred bidder stages given to really after all the profit war yes indeed and the problem has been the model that was held sway for the last four decades is not fit for purpose was really fit for purpose then and for a lot of local authorities a public sector organizations it was a kind of only show in town i mean when i was leader of the council in dalby a number of years ago when i did the first peer fire scheme in the city was during a labor government that's true but it was to bring properties back into use and then to revenue are involved in that i was because it was the only show we see it isn't the problem you talk the talk against your liberalism you have a lead council which is trying to have negotiations with karel

they were signing things off with karelian before the collapse how how could you possibly i think i think i think they retrieved that and i think what we've they have to bear there is no good no no i think the treaty before they actually signed that off but you know we've had as you say the. no contract no recorder wasn't lying directly but there was a preferred bidder stages given to really after all the profit yes indeed and the problem has been the model that held sway for the last four decades is not fit for purpose was really fit for purpose then and for a lot of local authorities or public sector organizations it was a kind of only show in town i mean when i was leader of the council in dalby a number of years ago when i did the first peer fi scheme in the city it was during a labor government that's true but it was to bring properties back into use and then to rent you were involved in that i was because it was the only show it isn't the problem you talk the talk against your liberalism you have a lead council which is trying to have negotiations with karelian while corby in

such as the tate modern in london manchester's beat him tower and heathrow airport terminal five karelian was valued at more than one billion dollars as of last summer but things took a turn when the company issued a profit warning in july its share price tumbled and by august crilly was demoted from the f t s e one hundred index for the u.k.'s largest one hundred companies crilly and now owes more than one billion dollars to its lenders. the shareholders the creditors the banks are going to have to take our it's ok we cannot have a situation where problem size ation means private profits when they project so successful that the government nationalizing the losses when they fail a lot would not be acceptable outcome karelians demise will leave more than forty thousand people uncertain about their jobs and small subcontractors fear their invoices may go unpaid it's now worth a meager eighty million dollars that's less than a tenth of the value a few months ago its financial problems are blamed on unprofitable contracts and delayed payments from projects in the middle east. violent protests

because of monday's liquidation of taxpayer funded multi-billion pound trans national contract a karelian allegedly one of the most shorted companies on the london stock exchange meaning the city of london knew it face problems karelian continued to win taxpayer funded contracts even as it paid out shareholder dividends what it faced a pensions black hole tourism a presided over two billion pounds in contracts being given to former advisors company after profit warnings and with a civil service oversight role concerned with.

potentially it could be devastating, because many of them are owed millions by karelian. those monies, they are of course that risk asa monies, they are of course that risk as a business. the other thing, there will be thousands ofjobs potentially lost as a result. today isa potentially lost as a result. today is a vital day for karelian's 25,000 employees in britain and thousands more dependent on it. the government says it has robust contingency plans in place if the business collapses, but even if it survives, the issue of pfi contracts may be reopened after this episode. the hollywood actor mark wahlberg, has given the money he earned for reshooting scenes in a film, to a fund that supports people who've experienced sexual harassment. wahlberg was paid more than a million pounds for the reshoot — whilst his female co—star michelle williams received just £60 a day in expenses. all the money in the world tells the story of paul getty, the kidnapping of paul getty. kevin spacey in the original filming of paul getty. kevin spacey in the originalfilming of the movie, playe

only national security strategy committee what implications for defense of the realm given that karelian is in charge of certain facilities around britain's nuclear deterrent in scotland a naval base well the tentacles of cotillion seem to be everywhere the tarmac in the past a company that i was very we have a did a degree in civil engineering they built some of the floating docks. and they would undoubtedly be still be. delivering for the ministry of defense it's a concern in defense of it's a concern of the civil side as well primarily of course my my sympathies and understanding because foster to the workers and the employees who are losing their jobs who find themselves in a precarious situation is forty thousand affected indeed you know what's the management penalty here we see managers here on bonuses clawbacks been taken away. on their watch this has happened to this big company also question for the u.k. government to full question if taken away their current auditor or the other current representative i should say who who kept an eye in companies quite closely in what closely w

only national security strategy committee what implications for defense of the realm given that karelian is in charge of certain facilities around britain's nuclear deterrent in scotland a vastly naval base well the tentacles of cotillion seem to be where they are the tarmac in the past a company that i was a very weird if i did a degree in civil engineering they built some of the floating docks. and they would undoubtedly be still be. delivering for the ministry of defense it's a concern in defense of it's a concern of the civil side as well primarily of course my my sympathies and understanding because foster to the workers and the employees who are losing their jobs who find themselves in a precarious situation is forty thousand affected indeed you know what's the management penalty here we see managers here on bonuses clawbacks been taken away. on their watch this has happened to this big company also question for the u.k. government a two fold question they've taken away their code in order to the current representative i should say who who kept an eye in companies quite closely in

s largest one hundred companies karelian now owes more than one billion dollars to its lenders. a shareholders the credit says the banks are going to have to take arthur hit we cannot have a situation where private size ation means private profits when they project so successful but the government nationalizing the losses when they fail a lot would not be acceptable outcome karelians demise will leave more than forty thousand people uncertain about their jobs and small subcontractors fear their invoices may go unpaid it's now worth a meager eighty million dollars that's less than a tenth of the value a few months ago its financial problems are blamed on unprofitable contracts and delayed payments from projects in the middle east. could this be the end of the largest commercial airplane in the sky european giant airbus says it might and production of the a three eighty super jumbo the two story plane was supposed to revolutionize air travel with a capacity of up to five hundred passengers but its most important customers emirates for example are not ordering enough planes to keep

stories and tens of thousands of jobs really at risk karelian has some forty three thousand employees around the world out half of them in the uk. government which had hundreds of contracting kirlian for construction as wellll as maintenance and public services has promised to fill the gapap whihile nw contracts are are awarded. us jennings has more. overwhelms right huge financial troubles when the u. k.'s largest construction companies is going into the quotation. caribbean happen insults of this land is on constructios many government contracts. at risk of disruption of major projects like the haitians to high speed rail line that would connect the uk's major cities. as well as the schools and prisons that caribbean manages. firms also the second biggest supplier maintenance seices to network rail and it maintains fifty thousand times for the ministry of defense. the uk government has drawn criticism for not doing more to help the struggling from. this fight the. the companies that it is is contracts to because clearly the country in a number of avenues is heavily reliant on kareli

simply because karelian owes a lot of money to small subcontractors, down to individual plumbers and four months, 120 days. if they haven't been paid for a contract in four months, the administrator says, i'm sorry, all bets are off. that will cost hundreds if not thousands ofjobs among will cost hundreds if not thousands of jobs among subcontractors. thank you. the african union has demanded an apology from president trump after he reportedly used a crude term to describe nations on the continent. it was apparently made during an oval office meeting on immigration with members of congress. the union, which represents 55 african countries, expressed its "shock, dismay and outrage" and said the trump administration misunderstood africans. 0ur north america correspondent, peter bowes, reports. it has been an extraordinary week, even by donald trump's standards. it ended with a medical, a routine checkup that all presidents undergo and word from mr trump's doctor that the commander in chief is in excellent health. but the past two days have seen the president mired in controversy, as do

such as the tate modern in london manchester's beat him tower and heathrow airport terminal five karelian was valued at more than one billion dollars as of last summer but things took a turn when the company issued a profit warning in july its share price tumbled and by august crilly was demoted from the f t s e one hundred index for the u.k.'s largest one hundred companies crilly and now owes more than one billion dollars to its lenders. shareholders the credit says the burns are going to have to say we come out with a situation where products are. private profits when they project so successful but the government nationalizing the losses when they fail a lot would not be acceptable outcome karelians demise will leave more than forty thousand people uncertain about their jobs and small subcontractors fear their invoices may go unpaid it's now worth a meager eighty million dollars that's less than a tenth of the value a few months ago its financial problems are blamed on profitable contracts and delayed payments from projects in the middle east. violent protests in south africa have full

lembit give our shared speech last night fascinating but did you make any money out of shorting karelian this government contract or as so many of the city of london did for getting in for a moment the tens of thousands of jobs at risk now i've got all my money on uneek through a bet between kim jong and donald trump can't lose after and god knows you think i'm drawing is going to take over this is good for this oxford professor daily doings blog surely very informed danny dorling he says on martin luther king day twenty eighteen child poverty rates are still rising in the usa and the u.k. but it is getting born lady nine years ago this week and a hero in history but what dollar says is he would be hated today because his legacy has been pretty much thrown out the window poverty as a twenty five percent in america that's the highest for child poverty anywhere in the developed world but hold on a sec we can crow about it from the u.k. because it looks like within two years we're going to overtake that up to thirty percent if you include homeless issues and benefits issues to pull in but t