oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply now that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown i think you mentioned eight or nine billion pounds worth wrapped those into a palace backed bond essentially and then you can use that as a fractional palast lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out there and buy. strategic assets around the world i'm not sure why this is not a good idea i think the queen would be more than happy to add something useful to the economy after fifty or sixty years of sitting on her duff and here's a way to turn her assets into something that could be productive i'm all for it well the crown estate is eight point six billion pounds worth it's the palaces the land but also

oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply now that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown and i think you mention eight or nine billion pounds worth wrapped owes into a palace backed bond essentially and then you can use that as a fractional palast lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out there and buy. strategic assets around the world i'm not sure why this is not a good idea i think the queen would be more than happy to add something useful to the economy after fifty or sixty years of sitting on her duff and here's a way to turn her assets into something that could be productive i'm all for it. well the crown estate is eight point six billion pounds worth it's the palaces the land but al

oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown i think you mentioned eight or nine billion pounds worth wrapped owes into a palace back to bond essentially and then you can use that as a fractional palace lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out there and buy. strategic assets around the world i'm not sure why this is not a good idea i think the queen would be more than happy to add something useful to the economy after fifty or sixty years of sitting on her duff and here's a way to turn her assets into something that could be productive i'm all for it. well the crown estate is eight point six billion pounds worth it's the palaces the land but also be

great idea because other countries like norway famously have a sovereign wealth fund from all that north sea oil china has trillions of dollars in reserves made up of a chilling us dollars and then more chileans of other currencies britain however they sold sixty percent of the gold under gordon brown they have no sovereign wealth fund and they've got an economy that's overly reliant on fraud and re hypothecation so yes i say to the queen elizabeth respectfully return all of that the news to collateral into something that can help the nation think of it as being on the vanguard in this global financial war and when it's not sexy don't you want to be a war queen you can be like there's a financial war going we're going to put up the palaces collateral defy the financial war you know it's exciting get on t.v. make a few speeches you could make a movie about you you'd be as famous as some of these previous monarchs but made movies about that are now canonized in hollywood you too could be famous in hollywood too yes. switzerland could soonest on its citizens a monthly salary of almost three tho

s ordeal is actually located in the north sea in scotland we've had the per independence campaign in scotland really queues in westminster of waging a campaign called project fear to scare scots off taking the yes box when it comes to the scottish independence referendum even the newspaper where the interview with mr badgery appeared it's the telegraph which is closely aligned to the conservative party i spoke to a scot in london recently who told me that regardless of where you weigh in on which side of the independents camp you weigh in on the lengths to which westminster has been going to over the past six months even to fear. or to scare scots into thinking about the consequences if they vote for independence is almost humorous with politicians in westminster saying that scotland would have to reapply for its new membership if it broke away from the united kingdom that they might not afford to have a postal service or that they wouldn't have enough money to create a proper armed forces so both camps are engaged in a real propaganda battle at the moment we're seeing lots of differ

. >> it might be just a little bit colder in greece or california, but the german north sea has a veryimpressive coastline. >> and it has some equally impressive waves. no surprise then that the region has produced two world champion windsurfers, who like to return to catch the perfect wave every now and then. ♪ >> it's a party atmosphere on the island, but unfortunately, there's no wind. philip has some down time. the german wave riding world champion is waiting for the right conditions as he aims for another world title. >> six or seven on the scale would be enough. that is my favorite wind. one or two-meter waves would be perfect. >> a year ago, he wowed the crowds under those conditions. the second world title made him a star on the windsurfing scene, and it helped put his sport on the map in germany. >> it was a great event. it was amazing to serve in front of a german crowd. there were tons of spectators. it's not often you see that. >> but the competition has gained a big following in recent years. it has turned into the biggest windsurfing event in the world. windsurfing here h

we'll monitor this storm as it makes its way across the north sea and make an impact of north and eastern portions of france as well. >> thank you very much. as they say in say in legal circles the trial must go on. that's why the jury selection is underway in connection with the phone hacking scandal. two former editors of the world tabloid are in trial for hacking phones and bribing officials. phil ittner is in london. what are the central issues in this case? >> reporter: well, delinquent, the central issues are basically a conspiracy to pervert justice unethical practice within the media, and there is some very serious charges that former news of the world employees have been hacking into phones, both the celebrities and the powerful but also just average people here in the u.k. and this might spread to the other side of the pond because there are accusations that some u.s. phones were hacked, and of course news of the world and rather news corporation is an u.s. registered company. that might mean the fbi has something to say. there is word that they're monitoring closely this court

from the charas sea in russia's north. now while activists face the consequences of storming the russian oil rig and cross the atlantic and of our malice have revealed some startling statistics at american groups as a fracking for shale gas in the u.s. has created billions of liters of toxic waste water last year alone we've got the details online plus. affluence is about to hand over the olympic torch for its journey to moscow with more of that later today and you can always log on to our website find out exactly where the iconic symbol is. now as promised it's breaking the sat with abby martin. recently the ministry of internal affairs of russia declared that they're going to dress to increase operations in and around the moscow subway system with a major emphasis on illegal immigration there's an odd paradox when people talk about dealing with illegal immigration in terms of what the police should do people want the police to deal with it but any means of trying to actually do anything or generally taboo any form of ask

from picture a sea in russia's north. and coming up after the break our team takes a closer look at how the production of cheap leather is have again devastating effect on thousands of lives in bangladesh. you know i'm old enough to remember and reruns when gomer pyle used to cry citizen's arrest when he saw something wrong in mayberry and a new law in russia could allow our city average to do the same thing by helping to enforce law in the country this low allows citizens to protect public order by becoming volunteer workers deputy policeman and even forming people's militias which will in theory prevent crime or at least allow the police to be informed more quickly and accurately of course this like any project which sounds nice on paper is all about the implementation so we'll see how these deputies and militias will work overall i think this won't have much of an effect on crime but it could have a huge impact on non-criminal bad public behavior you know i am not the bravest guy on the planet and it's hard to confront

the arctic may be of huge concern to scientists but it's of huge appeal to commercial shipping the north sea route running along russia's north coast is open up as global temperatures rise and is likely to prove quite a draw to vessels from asia when early in my colleague you know ship of one of a talk to a business presenting pilbeam about why it's such a big deal. well there's two main reasons for this the first one is the potential to save billions of dollars in shipping costs because the route is much shorter than say the suez canal so talking less fuel the more business trips that can be made throughout but it secondly it reduces dependency on the suez canal which is always prone to destruction or because of tensions in the middle east as we know and even even pirates and who's going to benefit them kate this is the interesting part because one of the biggest benefit is will be russia and that's because russia has the advantage of where it sits on the map and will be able to see actually the route that it's going to be taking and it will be travelling across all these old shipping towns

a violent storm blew in from the north sea. it was their sandy and katrina combined. >> in one night over 1800 people lost their lives. several hundred thousand lost their houses. about a million animals drowned. >> my family knows what it is when your house is blown away by the water. and after that we said well, this may never happen again. and that was the reason for designing the delta program. >> reporter: this man is an engineer for the delta program, or delta works, a massive flood control protection system launched in the wake of the '53 flood. negotiation a reinforced system of dams and dikes, locks and levees, the dutch added what they hoped would be the ultimate weapons in water defense: enormous storm surge barriers across the mouths of rivers and estuaries. protecting rotterdam harbor are two giant gates. together bigger than the empire state building designed to swing shut in the north sea threatens. and bigger still, 50 miles southwest of rotterdam, a five and a half mile long storm surge barrier with 62 doors re

the storm is expected to head out over the north sea later today. >>> and ellis island will be welcomingsts again this morning. the museum of tour rift immigration has been closed since last year when superstorm sandy surged into new york harbor. work on the 27-acre island isn't done yet. the national park service says more than a million photographs and artifacts remain in storage. >>> and tomorrow marks the anniversary of sandy slamming into the northeast. the storm killed more than a hundred people and destroyed entire communities, and as terrell brown reports, it changed the way we build. >> reporter: last october superstorm sandy swept joe courtney's home off its foundation. though he knew it would be expensive to repair, he had no intention of leaving new york's rockaway beach. >> there was no question whether i was going to rebuild or not. this is where i grew up. this is where my wife grew up. this is where our lives are. >> reporter: his new home will be higher with 14-foot foundation and flood vents. >> all the necessary utilities to feed the house are going to be upstairs in t

we have low pressure over europe, a little more into the north sea. very strong. what they were saying in england, usually they see these storms move across the atlantic and they've intensified before they hit england. this was still intensifying as it moved out. these are the areas with high winds gusts up to 70 miles per hour, some could gust higher. that's hurricane strength winds we're seeing across the area. we've had a low pressure moving into the north sea, just enough of a pressure gradient to cause all those problems. the more erratic the pressure change, the higher those winds kick up. this was a hard fall heading into the winter. a few weeks ago, when early know went all the way down to parts of southern germany and bavaria, it's going to be one of those seasons. we have a big system brewing into the west bringing areas of snow and much like what we're seeing in europe, some high winds. i'll talk about those in the next half hour. back to you guys. >> meteorologist nicole mitchell, thanks. >> for the first time since super storm sandy pounded the northe

i fully accept the need is much greater in north sea that it is in west oxfordshire. i would argue that it is a relative balance between the two. >> the coalition's early decision to fully deal the a 11 is driving investor confidence in norwich county down. the opportunities available to the investment in the great eastern mainline. >> is absolutely right to stand up for norwich and for norwich's economy. the hundred million pounds we are investing in the a 11 is an important part of that. this will cut congestion on the route between cambridge and norwich. i met no into my meanness of -- i am at no end to my munificence. two individuals have been charged with serious terrorist offenses. was a prime minister going to do in january when as a result of his government's legislation some of those that that the home secretary is judged posted greatest atrocity or the are released from the provisions of their terrorist prevention -- play some of the toughest controls within a democratic government that you can possibly have of which obviously -- we've also had >> setting ou

hospital several issues that are currently there are a number of syrians in israeli hospitals in the north sea however as i look at israel this policy of noninterference has a certain red line is that yes that we will definitely not be idly standing by if there is a possibility of syria's chemical weapons falling into the hands of terrorists we hope that the russian american plan to destroy syria's chemical arsenal will facilitate stability in syria and in the whole region that beat us to the danger of terrorists or. going as asians like hezbollah or the anti assad organizations with links to al qaida hold of chemical weapons is very serious and not only for israel but the more these chemical weapons might resurface anywhere in the world the second unacceptable thing is using the situation in syria as a cover for supplying lebanon and such organizations as hezbollah it with state of the art weapons look at that we could tape of the existing balance of power it attempts to smuggle some high quality weapons made in russia or other countries from syria to lebanon have happened before. and they ha

syria rebel group the north sea. and the planning coming up for you in the program including water wars three american states have been trying and failing to share a local river accusing each other over using the resource the details of the dispute are available online and on air coming up short. time very soon this sucker of the global financial system is putting time to rebuild something better something less corrupt perhaps in fact this three architecting of the global financial system is happening right now as i speak these words doesn't matter whether you like it or not it is happening why the research well the former french prime minister dominique de villepin recently said the u.s. has used its three phenomenal privileges to put the financial stability of the whole world at risk. deliberate torch is on its big journey to structure. one hundred twenty three days . number two cities. really fourteen thousand people or sixty thousand killing. in a record setting trip by land air sea and others. a large. m r t r.

s oil is actually located in the north sea in scotland and in fact from all the european countries norway is the only country that is that has more oil than scotland so there's a real difference in opinions from between the two camps and even put. and those on the pro independent side of the argument have even accused westminster of playing down the amount of oil that scotland has in its oil reserves in order to quell separatist feelings the scottish referendum is now less than a year away and we've had the pro independence campaign in scotland really queues in westminster of waging a campaign called project fear to scare scots off taking the yes box when it comes to the scottish independence referendum even the newspaper where the interview with mr badgery appeared it's the telegraph which is closely aligned to the conservative party i spoke to a scot in london recently who told me that regardless of where you weigh in on which side of the independence camp you weigh in on the lengths to which westminster has been going to over the past six months even to fear or to scare scots into thin

. ♪ >> reporter: turn right at the north sea from aberdeen and you get to copenhagen the capital of denmark model from what the search np sees scotland's future as, green energy as well as oil, tourism by the plane load, a society that spends a lot less on defense, and a lot more on keeping people happy. scotland and denmark have almost identical population sizes, and there is not much evidence of food banks here. the snp's most senior politician in london is a regular visitor. the entire political philosophy points scotland way from the trans atlantic relationship by london and toward a different new zest friends. >> one of the best examples of that is the next generation of weapons of mass did he truck which will cost the best part of 100 billion pounds and through life cost. that's what we are not going to spends money on and by freeing up those resoars we wilsoar soun invests in the nation went scott land to become. >> reporter: for all of that, many scotts remain unconvinced that they are more darrennish and british and the independence campaign support bide all the main london parties