lister reporting from the u.s. now continuing with our coverage of bretton woods we are joined live from the conference by gerald epstein professor and chair of economics at the university of massachusetts at amherst now professor thanks for joining us we've heard having me lots of mention at the present words of the bric group of nations of course that's brazil russia india and china what role do you think the bric countries will play in the distribution of economic power in the twenty first century when all these countries that are have been less affected by the crisis than have the european countries the united states and these are countries that are going to continue to grow. if not rapidly at least moderately while the rest of europe and the united states seems to be mired in crisis so in terms of economic growth i think these countries are expected to do quite well and the question then is what kind of political role will they be playing in the governance of the world economy now about the world economy what

very policies that played a role in the meltdown to begin with r g financial correspondent laura lister report. but. it was. i as protesters to cry their capitalist policies i the international monetary fund meets and the prescribe or of austerity reflects on the state of world economic progress the recovery is on the way and broadband soon to hark this worry over jobs comes as greek labor unions announce fresh protests over i.m.f. policies they accuse of making their country's economic and job situation worse austerity measures public spending cuts tax rises and privatization part of the i.m.f. doctrine for debt crisis management is now imposed on greece a policy that has been forced on many developing nations for decades i think most western policymakers think that it's just imposing tough low tough love mark by reliance on the free market and not on the role of the state the critics like economist gerald epstein say hurt these countries and contributed to the financial meltdown just as leaders of these institutions brace for another we are one shock away from a food crisis the financ

soros is focusing on the place emerging markets and said to take in any new world order says laura lister reports next from the venue. so far the themes that we've heard are not so much what needs to take place going forward but that something needs to change in a new new way of thinking about the global economy and the financial order and the tools that people have to use in that countries have to use need to change there needs to be new thinking going forward one of the main issues that we've heard from already is something that the original price conference held here stablished on member back in one thousand nine hundred four countries all met here to decide on a global economic framework and that was the time that the u.s. dollar was named the reserve currency and countries pegged their exchange rate to it which is the framework that holds today and it's something that's coming under question yesterday we heard george soros say that one of the big questions is if the u.s. dollar should still be the reserve currency and in fact he says other currencies already are kind of taking its pl

joining me for more details from the conference is our tease lauren lister now lauren should we be a little surprised her i don't know maybe a little skeptical that suddenly all these financial elites are worried about a dying middle class and an increasing wealth one that maybe some of them helped create. i don't know to divide but i do think it's a very theatrical i do think that what we're seeing is a little bit from that because that because we're used to hearing activists on our shows talk about this people that are suffering as a result of the rising inequality in this country you don't often hear as many mainstream policymakers or economists concerned about that but many people brought is wisconsin and a belief that this might be reaching a tipping point where social instability is coming finally as a result of thirty years of no wage growth well the top one percent have seen their incomes increase pretty astronomically so i do think that you see kind of this newfound. concern with it because it has been more in your face for everyone you know it's not just numbers anymore it'

will tell you who's there and what's being discussed with our chief financial correspondent lauren lister i will introduce you to a man who thinks that obama needs to be impeached over his decision to intervene in libya we invited him on the show to explain for himself why obama needs to step down as the commander in chief and more than one hundred senators and congressmen are asking to d.o.j. for more federal obscenity prosecutions they say that we know the damaging effects of obscene pornography but do we really are going to host a debate on that and it's friday so let's make a toast to all the stories making headlines this week our producer jenny churchill and a realist idealist lab's j. crew will join me at the end of our show but now let's move on to our top story. it's friday it's six pm and as of now congress has not reached a deal on a budget which leaves only six hours until the midnight deadline which makes the likelihood of a government shutdown look very very real and as we watch this painful debate between democrats and republicans drag on over the last few weeks on thing has

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just consensus on the need for change they hope will reverberate beyond these hills lauren lister r.t. new hampshire. the more updates from the economic world in our business bulletin with you just a few steps. you're watching business all see hello and welcome to the program russia has boosted coal and gas supplies to japan in the wake of its quake but i know that same demand for many other russian produced commodities is also increased as the reconstruction of the world's third largest economy. if we look at the void it's going to be created from the nuclear power industry because that slows down. energy demand doesn't slow down has to come from other sources so we're talking about electricity generation and that can only come from either wind solar tiny i mean de minimus coefficient of production so what's left coal and natural gas from elegy and that's coming from russia to japan and indeed if you look at the actual cost of the rebuilding right we're talking about apartment buildings whole cities right that are just destroyed that is iron ore that is rebar that is timber and fores

the bretton woods conference hosted by billionaire philanthropist and george soros or he's loren lister's over gathering. if these hills could talk. the economic theory they would expound upon. ladies and gentlemen please welcome ideas they could change the world a future is. predetermined or at least billionaire george soros bringing together ph d's and nobel prize winners with the backdrop of historical bretton woods would suggest someone is hoping they will but it was here allied nations came during world war two in crisis searching for stability they formed the international monetary fund the world bank and established the u.s. dollar as the global reserve currency. it's here that decades later in the wake of a financial crisis a group of influential economists and former policymakers have got together to try to rethink that very framework to reflect a different world we've got to have a serious problem to reach the internationally to reconstruct the international institutions for the times that we were not for the past times that have gone by gone time says brown are the centuries of

george soros is exploring what role emerging powers will take in a new world economic order more lister has been covering the conference for us. we heard from a former prime minister gordon brown at lunch he addressed the crowd talking about the role of bric nations brazil russia india and china their growth as ours in the globe and how this needs to be addressed and needs to be global governing bodies need to adjust to this if the west in europe and the united states are not going to decline he said does the rise of these nations mean that europe in the united states will decline and said well that all depends on how they adjust if they're able to change your free will to invest more in education in science but he did say that this is going to take reform and so one as one gets pointed out that the emerging economies the bric nations are kind of the one high point at a conference where many people are talking about what needs to change in terms of the western banking reforms monetary tools and the u.s. dollar is the reserve currency some of the ideas of some of the gas that we've heard

taxpayers' dollars are spent on winning the hearts and minds of people on the ground as artie's lauren lister reports war can often be a hard thing to sell. the reality of war that war is hell and that's why you only go to war when to absolute interest to your national security it's one reason why coalition forces do battle with an information war to fight alongside the real one playing out on the ground in afghanistan for example so it's not widely known by these milestones along the stuart american history we have surpassed the soviet campaign there we have spent and it speaks sectional amount of money but instead carries this message good morning mr minister welcome to the new. of hope and reconstruction in the war torn region which accommodates hunted for peace that's the nato version told in this promotional film it was given to international journalists like myself at the annual nato summit presumably to spread the message public relations after it's like these are nothing new and commander of the nato forces the united states spends billions of dollars alone to market its version of th

the entire government which would cost taxpayers almost a billion dollars a day as artie's laurent lister explains there are fears that federal inaction could be the cause of yet another looming financial crash. while u.s. lawmakers in washington bigger over the budget and hurled blame across the aisle for the gridlock calling opposing colleagues relatively small extreme group of india logs who are an anchor dragging down the budget negotiation process give me a break another group of decision makers has been weighing in on the to be one of the country's top credit agencies telling the feds something has to get done this debt ratings agency standard and poor and moody's have been warning for months that the u.s. debt could threaten the country's golden aaa credit rating telling investors in u.s. bonds essentially they may have to worry about getting paid the u.s. debt problem is big fourteen trillion dollars big meanwhile the solutions lawmakers are coming up with to solve this problem are small this tiny dot represents even the larger sixteen billion dollars in cuts republican lawmakers

dot com slash usa i'm lauren lister have a great weekend. assures that so much given to you because it is a line from the mark we were told to go off you must go with the royal family of the rainbow state is this a double standard is freedom allowed for some well. the official cation your body for the ipod touch from the tops to. life on the good. video on demand. the world comes and the russians feeds now in the palm of your. question on the call to come. ok tom arriving here broadcasting live from washington d.c. coming up today on the big picture. taking. a low and welcome to crossfire i'm peter lavelle we're told libya's gadhafi must go but the royal family of bahrain must stay is this a double standard is freedom allowed for some well others are not worthy of the same and will the west later regret its differing approaches to the arab awakening . in. the process of different reactions towards the arab awakening i'm joined by hussein in pensacola he's the director of americans for democracy and human rights in bahrain in san francisco we

ground and are looking for ways to ensure greater economic stability for the world parties laura lister reports now from a summit hosted by world famous billionaire george soros in the iconic town of. one of the main reasons why this gathering is taking place is because the belief is that after the financial collapse that shook the globe and it reverberated all across the world there hasn't been anything to replace the old system that reflects a new world where the united states is not the one single or power that dictates economic policy the way that it was in the one nine hundred forty four conference when the dollar was named the reserve currency that was the historic conference that was when you did nations got together the allied countries during world war two at its peak to have this summit today it's a very different story this is billionaire george soros gathered together two hundred according to the think tank intellectuals this is a think tank funded by soros and sell fifty million dollars reportedly behind it gathered together to discuss where this is going next and the idea

adam vs the man after that i will be right back at eight pm with more news until then i'm laurin lister a season. below in fact you may recall that is where you are saying she's. no she said she's a star. the some. sleep.

already apply for more of those calls contracts are discussed with me as our correspondent laura lister lauren very happy to have you back in the d.c. studio you are new york now one hundred twenty dollars a barrel for crude that's definitely not a small job but it's not cheap opec on one hand has said that they don't feel the need to have a meeting of these are extraordinary measures but we do know that the u.s. has its own oil reserves that the president could tap into that he needed to but i mean how high would the price up to go in order for that to happen well some argue that that's already happening and that's what's fueling obama's participation in air strikes in libya i mean although libya is just two percent of the world's oil that it supplies i mean you have to understand that many analysts believe that because of demand being where it is globally any disruption in supply amounts to major impact in the prices and so on say it out already going on with libya now others are saying that obama should tap into the reserves the seven hundred twenty seven million barrels of oil that

whether it happens or not lauren lister washington. so my question to you is with lawmakers not being able to agree on even you know thirty billion dollars in cuts and discontinuous problem of spending and debt and deficit spending how can we avoid a situation like this where the u.s. stature is really affected the bond rating for example. well look we have to separate two things here first of all the there is absolutely no risk whatsoever of the united states not being able to pay its debts because its debts are denominated in its own currency the u.s. dollar of which it is the issuer so there is no issue of solvent see there cannot be an issue of see the united states is always going to be able to pay it debts i think a lot of what is going on here is fear mongering and look if you look at it to be who you know now calling you and getting more you know graded several times by the rating agencies the ten year yield on the japanese government the equivalent of our ten year treasury is yielding one point five percent so the interest rat

source of currency in the world but certainly a reality we have to face i want to say real quick laura lister thanks so much but we should mention keep your eyes open because lauren has an in-depth interview with joseph stiglitz some really interesting stuff and we'll be airing that in the days to come. all right i want to tell you now about a new project we here at r t are very excited it's a new show that's launching tonight this monday it's going to be in our seven pm slot monday through friday it's called adam vs the man and this is the show that hosted by none other than adam koch you may recognize his name he is a very outspoken anti-war press protester also a former member of the united states marine corps ran for congress the last time around we talked him out of santa fe new mexico and brought him here to d.c. to do this show we're very excited to have had him out and just wanted to have you on for a few minutes tonight to let people know what this show is all about it's about making sure that my generation the millennial is i'm twenty nine i was born in eighty two but really people

twitter please give me a message let me know what you think of our shows you can call me out lauren lister .

and the theme is crisis and renewal so joining me to discuss it is our chief correspondent laura lister who is there in new hampshire to tell us what it's all about lauren for starters who is on the list there is a long list of very influential well known highly regarded academic economists of course george soros is here the billionaire investor who started this organization this think tank with fifty million dollars of his own money back in two thousand and nine we are hearing from larry summers who up until recently was the president's top economic aid nobel prize winning economist joseph stiglitz also paul volcker is. here he's a former federal reserve chairman that's just a short list of some of the names economists fergus and harvard professor kenneth rogoff so all very highly fluent schol names in terms of the economy and even politics definitely a lot of big names there now as i said the theme is crisis and renewal but i'm just wondering what that really means you know a lot of people are pointing back to an interview that george soros did back in two thousand and nine where he e

i'm laurin lister you're watching r t well the birth of a movement it's been cast as the french fantasy of the far right but now it's resurfaced in the spotlight with the soap box of possible g.o.p. presidential hopeful donald trump take a listen. if that will not die the voters believe that president obama was born elsewhere in fact far from cooling there's new polling that shows birth or fever has now infected an awful lot of potential voters well i have the president's certificate right here in certified it's got a certification number it's got the registrar of the state signed it's got a seal on it and it says this coffee service is prima facie evidence of the fact of birth in any court proceeding back out that wasn't donald trump but that was the mainstream media reaction doing anything they can to disprove claims that president obama was not born in the united states and you pull those shows that this movement catching on it's anything but french now take a look at these numbers forty five percent of republicans believe do not believe that president obama was born in the united st

but what about on a larger financial level our chief financial correspondent lauren lister will break it down for us i mean is inflation here to stay as the global economy struggles we're taking a big hit near a home when it comes to the price of food and gas that is the rising cost of commodities here forever we'll talk with there thompson after the break. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else here's some other part of that you realize everything you just don't. charge is a big. number given that we in the fourth quarter. i think. he'd want to well. we have to go but as you've heard him say get ready because their freedom. hey guys welcome to show itself on the about a show we've heard about our guests not to say on the topic now we want to hear our audience says go on to you tube video response or to twitter for part of the question is the lead post on you tube every monday and on thursday the fellow is going to sponsor. playboy. so. in past reports we've told you about how several states across the countr

if you're really trying to have a conversation with the reader instead of a lecture to simply be a lister of what happened. you don't just tell what. you find those moments in your story that tell you why and how. i realize that's not quite as detailed as some of the explanations, but, again, these guys are better at it than i am. >> why are the earth and holidays celebrities today? >> they are celebrities because they allow people to make their own interpretations of who they are. they are iconic because there's a lot of nighs information about them and things that can be interpreted in different ways. you can always make the holidays and the clintons into what you would like them to be. we hear a lot today about revisionist history. you know, who are the revisionist journalistic historians who will come in here and take something that's been accepted for years and maybe demonstrate it might not have been that way? well, that's not revisionist history, but going back and claims history. the earp and holidays would strangle each other over the question of what color their eyes were. there

on "the early show," katie couric is here to discuss her new book, a collection of essays from a-listersbest advice they got. >> some of the best advice comes from whoopi goldberg. >> great passengers from jay leno to tyra banks who teaches you how to surmise with your booty. >> smiling with your eyes. we'll be right back. >> with katie. pooches and puppies, we are fed up with being fed on. we demand k9 advantix ii. it not only kills fleas and ticks, it repels most ticks before they can attach and snack on us. frontline plus kills but doesn't repel. any tick that isn't repelled or killed may attach and make a meal of us. so let's put our paws down in protest. no fetching, no friendship till we all get k9 advantix ii. join us at poochprotest.com. [ male announcer ] ask your veterinarian about k9 advantix ii. [ male announcer ] ask your veterinarian in about >>> it is 7:55. time for news headlines from cbs 5. i'm sydnie kohara. >>> in 30 minutes, the jury continues deliberations in the perjury trial of former slugger barry bonds. a verdict could come at any time. bonds is accused of lying

. >> reporter: not the first a-listers to do court-ordered labor.l at the sanitation department. and paris hilton, scrubbing graffiti. and snooki shoveling manure. they all did okay. how about lindsay? out on bail, she is appealing her 120-day sentence. don't forget, in june, she has to face the trial for the alleged theft of the necklace. as you said, she clocks in as the janitor at the morgue. >> and then, hopefully back to movies. >>> let's go to sharyn alfonsi and the news. >>> good morning, george. we begin with the surprise from the white house today. president obama has released his long--form birth certificate from 1961 saying the questions about his birthplace has been a needless distraction in a time when the country needs to tackle serious problems. >> we're not going to be able to do it if we are distracted. we're not going to be able to do if we spend time vilifying each other. we won't be able to do it if we just make stuff up. and pretend that facts are not facts. >> meantime, dodge trump who has been the loudest voice questioning the