global crackdown on tax avoiders luxembourg is under pressure to lose its grand duchy image. and that is all we've got time for but coming out we hear from dr rashid khalidi overall of how the u.s. has undermined peace in the middle east. you know how sometimes you see a story and it seems so. you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. do we speak your language any form of the will or not of the. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angles couldn't stories. you hear. then surely i'll teach spanish find out more visit eye to eye on t.v. dot com. the new cover international airport in the very heart of moscow. he is an author and professor at columbia university and his new book is called brokers of deceit how the u.s. has undermined peace in the middle east joining our team now for an exclusive one on one interview is dr rashid khalidi thank you very

i think it's probably a good thing i mean the first result will be countries like luxembourg which have these massive banking sectors in proportion to their economies will have to go back and review everything i mean clearly it's unstable and should there be an event like the collapse of the eurozone then they'll go to the wall and so they need to think about how they're going to deal with that and reduce the size yeah and you've got countries like that who are expected to receive a lot of russian and will receive a lot of russian money i think the due diligence as to who this money belongs to where it's come from what the source of the money is going to be a lot of it's going to screw it up more closely which is a good thing because you know part of this money is illegal drugs prostitution straights all those things black money and money is going to find a lot harder to find a home and i think it's also going to you know continue the process of russian integration is going to go to government in securing its own banking sector suspects of the people will want to bring money and make it

who came out on top, germany, spain, cyprus, or even luxembourg?he answer ahead and it may surprise you. ♪ . thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. liz: breaking news. we now know who got the early edge on the early release of the fed minutes. remember the fed minutes were supposed to come out at 2:00 p.m. today. by accident they were sent to some 100 organizations early, as in 19 hours earlier yesterday. here is what we have confirmed. on your screen, some of the names that got it early. surprise, surprise, the big boys. wells fargo, jpmorgan chase, barclays, u.s. bank corp, pnc financial, goldman is in there. other names, bb&t, ubs, carlisle group got them early. so the fed in trying to make good

. >> earlier i spoke to our brussels bureau chief who was in luxembourg covering the meeting for us. now that they have voted to lift the oil embargo, how quickly will that translate into concrete support for the opposition? >> it will take some time. we need to cooperate with the local authorities in those areas. the most important partner remains the syrian national coalition. this recently dismissed all political fundamentals by paving the way for further support. even after having lifted the oil embargo, a lot of technical work needs to be done. for example, how to ship the revenues back to syria as well as in brussels. it might prove impossible to start oil dwelling and oil exporting by a country riddled by a civil war. >> some eu members like france and great britain support the think the arms embargo. then there are countries like germany that opposed it. do you think that's might change? >> london and paris want to go ahead and ship to the rebels in order to start -- in order to stop the bloodshed as soon as possible. basically they all remain skeptical. they say no weapons m

austria, germany, and luxembourg still had levels of around 5% on average, but the situation was very different in the crisis-hit states. for to go had a rate of 17.5%. you're a presence of the suffering the most. the hardest hit our young people, especially those under 25. for them, the unemployment rate is well over 50% in both spain and greece. >> we are going to a short break. stay with us. we will be right back. >> welcome back. the european union has kicked off a training mission in mali to bring the military up to snuff and provide logistical support. >> the country has been battling insurgents since last year. france began assistance in january. the joint force have been able to press back the rebel fighters and beginning key cities in the north. >> about an hour's drive from capitol, cup -- bamako. 40 instructors and 40 medical personnel from germany are part of the european force. on a recent visit, the german defense minister said it was essential to contain the islamists in the north. >> they pose a threat to the entire region. mali is just one border away from the mediter

herbert and max everybody is denying that they are like cyprus malta's denying they're like cyprus luxembourg denying they're like cyprus italy spain portugal is fred says everybody saying we're not like cyprus.

still quite controversial among other eurozone countries and you had a number of countries such as luxembourg france and others saying wait a second you know we've got to think about this before we go down that road a lot of other people say look you're playing with fire when you when you try and impose this kind of solution in a crisis you're really going to have to guarantee a significant portion of bank liabilities that includes depositors that includes even some bondholders and that was the approach early on in the crisis with ireland for example where every single bank liability was basically guaranteed at the start so there's a wide gulf between what they've done for ireland and what they did for cyprus and probably the solution will end up being somewhere in between but it's difficult to say where it will play out and right now in our two dot com we're asking you what's your take on the unprecedented seizure of funds from large cypriot depositors here's how you've been voting so far right now the majority says the bailout will become a model for future confiscations this hour just unde

first of all luxembourg said yes but because the jumper was. said to be considering a possibility of more transparency by two thousand and fifteen we will have to see what happens by then so it's unclear whether it will do anything to go more than that the reaction is from the u.k. the u.k. is. more transparent the. system is so i mean i think this is old is corals are generated by a very high degree of. narrows bridge down by the by those ministers will not know anymore how to justify to the provision of course that it might be the european european economic area it's already divided into two may. spaces one over the west led by the u.k. system and one east led by germany and how this will compose within the e.u. house this is all to be seen if they continue with these quarrels it is very possible the brics a part of it will be a group that everybody polar a funny i've run out of time but thank you very much for your thoughts on the cypriot crisis strategic and political analyst at the sea i.p.i. foundation a brussels a base a think tank. ange

and max everybody is denying that they are like cyprus malta is denying they're like cyprus luxembourg is denying they're like cyprus italy is spain portugal as fred says everybody's saying we're not like cyprus so of course those are all european nations that i want to turn to america where they merican dream is always held some sort of hope for europeans when their system is collapsing they often flee to america. so.

eleven financial secrecy index behind the traditional tax havens of switzerland the cayman islands luxembourg and hong kong now their words as millions of americans struggle to survive each and every day the wealthiest americans the oligarchy are accumulating vast sums of wealth without anyone saying a word or raising a finger is one of mitt romney. during the campaign in two thousand and twelve there was a huge battle over his disclosure or lack thereof of just how rich he is and in the end while romney did disclose some information about his assets including the fact that he was able to hide huge chunks of money in tax havens across the globe bottom line is that the outrageous levels of wealth inequality in america have been driven in large part by our society's coddling of and the media's willful ignorance towards our nation's all of ours for too long the wealthiest americans like the koch brothers have been able to slip under the radar while robbing us blind the reaganomics era has seen the largest transfer of wealth from working people to the very very rich in the history of the world tr

herbert max everybody is denying that they are like cyprus malta is denying they're like cyprus luxembourg denying their.

max everybody is denying that they are like cyprus malta's denying they're like cyprus luxembourg is denying they're like cyprus italy is spain portugal is francis everybody saying we're not like cyprus so of course those are all european nations i want to turn to america where they merican dream is always held some sort of hope for europeans when their system is collapsing they often flee to america. so the first headline i have on the state of the american dream today s a c s cohen biased one hundred fifty five million dollar picasso after settling trading probe stephen a cohen whose s a c. capital just settled two insider trading lawsuits with the government for six hundred sixteen million dollars has bought himself a gift picasso's low rev for one hundred fifty five million dollars the most ever spent by an american yeah well this is great because you have a money ponzi scheme this guy stevie cohen breaks the law just going to the bathroom everyone in the industry knows it is he's a huge percentage of volume of the new york stock exchange he feeds a lot of hungry brokers a j.p. m

interestingly enough, they are in the same deals, the dj basin, the luxembourg, the mixture is abouts. we figure we do our own numbers for august next year which is a fiscal, they should have discretionary cash flow of $1.15 to a dollar 20 which makes it only took -- six * discretionary . there just aren't too many at that kind of evaluation. it is speculative, but think it is a very good value. probably no one has ever heard of this company. liz: now they have. again, it is called synergy resources. your next pick is up 11%. we are running tight on time. give me a line of this one. >> basically $6 per share in cash. billing algorithms in your cell phone. it is a cash machine. 15 percent on book. roughly nine times current earnings. that is the cash. does not matter whether you have a samsung's or an apple. as long as you're doing text messaging or roaming someone has to keep score. that is what is inside your phone. it's a great company. they generate dollar for dollar net income and create cash flow and continue to buy back shares. the ball back over a billion dollars of their last

you would go go to luxembourg and argued and then get a ruling of the court in luxembourg which the irish court would be bound to apply. i enjoyed very much those cases. the ones that really stand out and i deal with in some detail in the book because i really found so admiring of the client herself. it was a case involving a woman called josie and rape. she was a -- woman and she claimed that she had an abusive husband who be her and she was was -- he was convicted in the lowest court and given a fine and she alleged he continued to beat her. she wanted to get a judicial separation. remember there was no divorce at that time and to get a judicial separation she would have to go to the high court and that was complex procedure. she went to various lawyers in cork city to see if someone would help her to take her case and no lawyer was willing because there was no question of cost being paid and even if she won her husband would be able to take off because he was also poor working class. she saw an article in an irish newspaper that ireland had ratified the european convention on human rig

countries but now there's a debate going on in terms of which countries are going to be next to be hit luxembourg spain italy what's your projection was that. it is difficult for me to say slovenia maybe having it hardest at the moment but at least a crisis there would be relatively easy to contain some other countries it would be far harder to deal with that is why everybody is more concerned about portugal spain and italy these economies are presently in a tight spot they're also getting more support than others because the european central bank is committing the bulk of its resources to bailing out these three countries however this support may prove to be ill timed or coma at a high cost if we can say that economies are both great and small are still facing risks do you think it's appropriate to talk about a certain hypocrisy when it comes to the european union considering they're fighting off shores right now yet have territories such as cyprus and british virgin islands.

countries but now there's a debate going on in terms of which countries are going to be next to be hit luxembourg spain italy what's your projection is that. it is difficult for me to say slovenia maybe having it hardest at the moment but at least a crisis there would be relatively easy to contain some other countries it would be far harder to deal with that is why everybody is more concerned about portugal spain and italy these economies are presently in a tight spot they're also getting more support than others as the european central bank is committing the bulk of its resources to bailing out these three countries.

countries but now there's a debate going on in terms of which countries are going to be next to be hit luxembourg spain italy what's your projection was that. it is difficult for me to say slovenia maybe having it hardest at the moment but at least a crisis there would be relatively easy to contain.

at luxembourg to have as the luxembourg prime minister famously lamented in 2007, we all know what we have to do, but we don't know how to get reelected once we have done it. in other words, if enough people in my democracy what security through the state regardless of the cost than the capacity of politicians to oppose the desires of 51 percent of the population is very limited because to resist is to course electoral rejection or, as we have seen, riders running amok in the streets of athens. now, it is very tempting, i think, to see all this as a picture of the western european problem. this is after a continent in which many nominally center-right government's have defiant economic positions and are essentially socially democrat and other words extension government intervention is essentially seen as normal across the political spectrum and most of western europe. but can anyone seriously deny that many american politicians, including conservatives also play this game? all the millions of americans have developed rather inflated expectations of what government owes them in economi

we think luxembourg may be the thread that unravels the whole european sweater. >> we appreciate thatnext, hollywood actor turned technology investor and industry disrupter, seth green talks to me about what's next in terms of the cutting edge and how he plans to one-up the hollywood establishment. back in a moment. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools

in the european central bank moldova for luxembourg had the same quality of votes as german. and i don't know how we will ever recover from that one. so that is one structural problem. the second one is they kind of went halfway. in other words you have a single currency but the bank supervision is made at the national level and bank responsibility is at the international level. a big mistake. as we saw in 2008. and the final one is the banking system has been buried clever in using integration into the european zone as the reason to actually strengthen their position. the central bank and governments cannot be helped. that is not the case in history and that wasn't the case in america. so this we owe to these two gentlemen the president of france and his minister of finance who we saw later becoming the president and what they did is shown here. there was a law introduced in 1972 that for the first time since napoleon because the central bank and krantz was created by napoleon in person in 1800, the government could not discount that the central bank. in other words they cou

the floor, it is a articular pleasure for me to welcome on the public tribute the grand duke of luxembourg and his wife, a very warm elcome to them, too. it was applause [applause] >> i am equally delighted that xt to them on the public gallery seat we have mr. higgins' spouse, a very warm welcome to you, too, in the european parliament. ladies and gentlemen, i'd now like to give the floor to the president of ireland, mr. higgins. president, members of the european parliament, commissioner and queen, i am delighted, and i would like to thank you all for the opportunity to speak to this assembly today, where representatives of the cs elected democratically and directly from the 27, soon to be 28-member states are present. >> commissioner quinn, may i thank you for giving me the opportunity of addressing this assembly which brings together the democratically elected representatives of the citizens of the 27 member states, soon to be 28, of the european union. i address you here as president of ireland, an ireland that has always been connected to matters european, a country that has always l

well, probably mostly to banks in china for the kim regime and luxembourg and other -- switzerland andther locales. also, just to be sort of bipartisan here in my criticisms, since 1998, north korea has used a lot of this hard currency to spend up to $3.2 million on missile -- $3.2 billion on missile through thick and thin in sanction and nonsanction. how do we make sense of this in the case of china? i think we all agree, everyone in this room, we all agree that north korea is one big criminal enterprise that happens to enjoy state sovereignty, but china will not do what it takes to shut it off. without it, we can't shut it off ourselves. so why is china acting in this way? well, first history, of course. the struggle for centuries with japan over the korean peninsula and the u.s. korean war and all the memories of what might happen in terms of allowing korea so completely be in the hands of hostile fours powers. the second would be strategy. it enjoys stability on its borders. the question what china asks, of course, if kim collapses, what would you do about a surge of u.s. forces co

opportunities that were binding on ireland in the case was started court could be a reference and you go to luxembourg and argue and get a ruling of the court, which the irish court would be bound to apply and enjoy those cases. the one that stands out in detail in the book because i felt so admiring of the clients are south of the case a woman called juicy hairy. she had a stolen street and claimed she had an abusive husband who beat her and he was convicted in the district court, the lowest court and given a sign and he alleged continued to beat her and wanted to get a judicial separation. remember was prohibited by the constitution. she would have to go into the high court's analysis complex procedure. she went to various lawyers to see if somebody would help her take her case and nobody was willing because there is no question. her husband went the other pay because he was also very poor and working class. she saw an article in an irish newspaper that ireland had ratified the convention on human rights and was possible to take a case to strassburg and she wrote a long letter, which included the re

the floor, it's a particular pleasure for me to welcome on the public tribune the grand duke of luxembourgis wife. a very warm welcome to them, too. [applause] [speaking in native tongue] >> translator: i am equally delighted that next to them on the public gallery seats we have mr. higgins his spouse, a very well known, too, in the european parliament. i would now like to give the podium to the president of ireland, mr. higgins. [speaking in native tongue] >> translator: presidents, members of european parliament, commissioner geoghegan quinn, i am delighted and i'd like to thank you all for the opportunity to speak to this assembly today, where representatives of the citizens elected democratically and directly from the 27th, 728 member states, are present. >> commissioner geoghegan quinn, may i thank you for giving me the opportunity of addressing this assembly which brings together the democratically elected representatives of the citizens of the 27 member states, soon to be 28 of the european union. i dress you as president of ireland, and i even that is always been connected to matte

well, probably mostly to banks in china for the kim regime and luxembourg and switzerland and other locales. kim jong un may have up to $5 billion stashed in any one of these banks. also just to be sort of bipartisan here in my criticisms, since 1998 north korea has used a lot of this hard currency to spend up to $3.2 billion on missuggest programs -- missile programs since 1998. through thick and thin, through sanction and nonsanction. well, how do we make sense of all this, particularly in the case of china? i think we all agree, probably everyone in this room and probably our chinese friends as well, we all agree north korea's just one big criminal enterprise that happens to enjoy state sovereignty. but china will not do what it takes to shut it off. and without it we can't shut it off ourselves. so why is china acting in this way? well, first, history, of course. the struggle for centuries with japan over the korean peninsula and the u.s./korean war and all the memories of what might happen in terms of allowing korea to completely be in the hands of hostile powers. the second would be s

has at least 14 offshore subsidiaries in bermuda, singapore and luxembourg for the purpose of avoiding u.s. income taxes. and you want to know why the american people are cynical about what goes on in washington? you want to know why the congress of the united states has an extremely low level of support or favorability? it is because the american people know they are getting ripped off. they're working 50 or 60 hours a week. they are paying their taxes. general electric makes $81 billion over the last five years; they pay nothing in taxes. does anybody vaguely think that that is fair? and then we have some people say, well, yeah, we want to do tax reform, but we want to make it revenue-neutral. no new income in order to help us with deficit reduction. let's cut social security, medicare, medicaid, education. but no, no, we can't get new revenue from large corporations. mr. president, during the last five years verizon made over $48 billion in profits. not only has verizon avoided paying federal income taxes during those years, it received a $535 million rebate from the i.r.s.. not too

at luxembourg to have as the luxembourg prime minister famously lamented in 2007, we all know what we have to do, but we don't know how to get reelected once we have done it. in other words, if enough people in my democracy what security through the state regardless of the cost than the capacity of politicians to oppose the desires of 51 percent of the population is very limited because to resist is to course electoral rejection or, as we have seen, riders running amok in the streets of athens. now, it is very tempting, i think, to see all this as a picture of the western european problem. this is after a continent in which many nominally center-right government's have defiant economic positions and are essentially socially democrat and other words extension government intervention is essentially seen as normal across the political spectrum and most of western europe. but can anyone seriously deny that many american politicians, including conservatives also play this game? all the millions of americans have developed rather inflated expectations of what government owes them in economi