the european commission believes that the portuguese plan will be successful. >> with all due respect to that specific rating agency, our institutions know the situation a little bit better. our analysis is more refined and complete. there is no reason to be distracted if we stick to the considerations. growth will return. >> rating agencies to not reveal how they reach their conclusions. markets around the world listen carefully to what they say. >> onto wednesday's market action in european shares struggled as investors reacted to mixed messages on credit ratings and the validity of fresh downgrades. our correspondent gave us this summary of the trading in frankfurt. critics here on the floor say that rating agencies have been wrong too many times to have such power. >> on the other hand, the market's fear that there might be a default of portugal because this would be a new story and would have a new equality in this debt crisis because of spain. spanish bank's own portuguese bonds in the amount of 80 billion euros and this would hit the spanish economy very hard. so, the markets i

on tuesday moody's downgraded portuguese government debt by four notches. >> the decision of one rating agency to downgrade the portuguese sovereign debt, and i regret it both in terms of its timing and its magnitude. >> former portuguese prime minister barroso made a rare critical remark at the eu commission on wednesday. he said the move by moody's adds another speculative element to the debt situation. portugal is the second sovereign debt issuer in the euro zone to be rated below investment grade after greece. the country has been taking austerity measures to reconstruct its budget. in may eurozone countries decided to provide funds to bail out the country. the eu is now on guard against any further moves by rating agencies as more downgrades may spark fresh worries. >>> and news just in. japan's core private sector machinery orders were up in may. that is the first increase in two months on a month on-month basis. the cabinet office said on thursday that major machinery makers received about 733 billion yen, or over $9 billion worth of domestic orders. that's up 3% from april. the

course the policymakers from europe across the world have denounced moody's drastic downgrade of portuguese debt as an act of financial vandalism accusing the anglo-saxon rating agencies of driving states into bankruptcy and destabilizing the global system yeah that's right they call it financial vandalism. up in the rhetoric and we we've been talking about financial terrorism for months and months and months now they're upping their rhetoric they're going to get to the point now where they realize that this is in fact not vandalism which is a quaint way of saying terrorism they didn't accuse asama bin laden of vandalism on nine eleven are remembered that it was an act of terrorism moody's s. and p. of pitch or financial terrorism they are purposefully targeting these countries for destruction because they want their assets for nothing well portugal's new premier pedro process said moody's downgraded was a punch in the stomach at a time when the new government has done everything demanded by the e.u. and i.m.f. inspectors well that's part of a racket moody's a publicly traded company warren

you have to be kind to me in my pronunciation of portuguese. i am still working on spanish. one is from brazil. she founded the dance ensembles under the auspices of the brazilian cultural association. it means "watercolor is" in portuguese and is known as a creative -- as creative costumes -- cote "watercolors." there are three carnaval kings from their ranks. she is working at a preschool and is the way mother. today, we honor korea for being an ambassador -- we honor maria for being an ambassador of brazilian culture and dance for the san francisco bay area for 25 years. [cheers and applause] now, i believe we have a plaque for you, but i do not have it. give me one second, ok? uh, buh, buh, buh, buh, buh. hold on one second. we are having technical difficulties. come help me. i am not sure where the plack is. i am going to give you some flowers, and i am going to pretend that i am handing you a plack -- plaque. now, next up is the group? ok. are you dancing? ok. sure. >> i would like to say thank you to all of you and for all of the carnaval organization for letting us t

technically in default and therefore it would shift all those hedge fund capital reserves into portuguese debt and root it out of us worthless shit but also the other thing we see here max is that none of these rating agencies were held accountable for their crime wave leading up to the two thousand and eight financial disaster none of them saw jail time none of them faced any criminal charges and because of this you see them able to hijack and hold hostage and terrorize nations around the world are able to continue doing this just like rupert murdoch will continue to terrorize and all sorts of people throughout britain because he's able to tap phones because he's friends with david cameron and who knows what his phone taps on david cameron's phone have on david cameron and why david cameron is that label to act against rupert murdoch so this is the same situation all these oligarchs in this neo feudal system are able to get away with fines or the like little slaps on the wrist for doing anything wrong right well we have further proof that moody's is committing acts of fraud and terror in

in the case of marketable debt instruments by the portuguese government, this extension will be maintained until further notice. >> the eurozone debt crisis cannot stop ecb from raising its key interest rates. benchmark rates go up to 1.5%. but during the financial crisis, the bank rapidly cut interest rates to historic lows to stimulate the economy. inflation tumbled as european economies contract, but most have recovered and inflation has had it back up and is now running 2.7%. the ecb is using interest rates to slow it, but critics say will only make those harder on eurozone governments that are struggling with massive debt. >>> plans to create a new transatlantic make a stock exchange have taken another step forward thursday. the nyse-your next has support for its merger, but there is a remaining hurdle before the deal can be sealed, up 75% of the shareholders have to approve the merger by the middle of next week. >> executives on both sides of the i think have worked hard for this deal. they say that it will bring in over half a billion euros and cost savings and additional annual rev

the ecb also weighed in on the debate raging over rings agencies, that wl continue to accept portuguese that as collateral despite the decision by moody's earlier this week to lower their debt rating to junk status. >> praise for portugal from jean-claude trichet. it will privatize more state assets than stipulated by the e.u. and imf and will raise taxes. those are reasons why the european central bank is bending its own rules and will continue to lend to portugal despite its junk debt rating. >> whave decided t spe the minimum collateral requirements for the purpose of assistance and credit operations. in the case of marketable debt instruments by the portuguese government, this extension will be maintained until further notice. >> the eurozone debt crisis cannot stop ecb from raising its key interest rates. benchmark rates go up to 1.5%. but during the financial crisis, the bank rapidly cut interest tes to histic ls to stimulate the economy. inflation tumbled as european economies contract, but most have recovered and inflation has had it back up and is now running 2.7%. the ecb is u

and a blistering debut in the russian top flight for portuguese coach jersey with four different players on target for his locomotive side and therefore no pummeling here in moscow to reach the last gulf blasted in a free kick to get them going after thirty two minutes in tunis and. but the railway men to nothing up still in the first half. turn provide us soon after the end of all setting up the. express chest of the board of fine in the back of the arm can that. alexander minchin call completed the upside scoreline with a header after seventy nine minutes for no talker. and we wanted argentina peru claimed the bronze medal at the copper america after a four one drubbing of ten thousand venezuela in the third place play off peru broke the deadlock three minutes before the break after really enjoyed our sport to pose a problem get there as return pass and as the situation got worse for venezuela the game turning on its head when they were reduced to ten men on the hour after humber could feel that thomas income show a straight red and his club teammates go there though took full advantag

say they are all named as new manager of the railway man following his can't take a stand with portuguese outfit sporting is the forty eight year old south cochin going to korea which saw him leave porto and the portuguese on this way and he wants for them on all those local can take a coach floods in better among enough have previously managed only want women his five matches in charge after the controversial firing of manager utica one although eight in the table and will be in the action again stopped outside the car on july the twenty fourth. now the nineteenth to the front as ticked off in the usual style the field was taken on the road stage nearly two hundred kilometers long instead of the traditional time trial and as expected it was about the riders won by belgian felipe abate levens and thor who were shoved into second respectively while reigning champion all that's a quarter of the last plenty of time in a late crash this here a number of changes have been introduced the team time trial returning to the scandal among them but one thing remains the same the two. concludes at the

helm juice it could chiro named as new manager of the real men following his caretaker stint with portuguesei fit sporting it's the forty eight year old's tenth the coaching gig in a career which saw him leave portugal on the portuguese under twenty one squad among others local caretaker coach vladimir moment off previously managed only one wins in his five matches in charge after the controversial firing of monitor yuri trust for no the real women sit in the table and will be in league action against top ten side car on july twenty fifth. they will be a new pair of eyes watching the goings on in the premier league when the season resumes. widely regarded as one of the top referees of his generation is set to spearhead a quality control program the move comes after years of russian officials. failing to reach the desired standard for world cup and european championship events no such worries with rosettes though the italian has worked in syria since one thousand nine hundred six and was named referee of the year four times another huge achievement was a thing as the money blocking the euro t

she gave in a career which saw him lead poor shoe on the portuguese under twenty one squad among otherslocal caretaker coach. previously managed only one win in his five matches in charge after the controversial firing of manager yuri crush no john for now they remain in the table and will be in league action against top ten side car on july the twenty fourth. they'll be a new pair of eyes watching the goings on in the premier league there when the season resumes but over to rosetta he widely regarded as one of the top referees of his generation is said to spearhead a quality control program the move comes after years of russian officials feeling to reach the desired level for world cup european championship standards no such worries with results evo italian has worked in surrey since one thousand nine hundred six and was named referee of the year four times his biggest achievement after that was the moment block euro two thousand and eight finals signing a four year deal stating his main aim is to unearth world class refs we have to start this we have to start. in order not to create n

helm who say it all named as a new manager of a railway man following his can't take a stand with portuguese outfit sporting is the forty eight year olds down in a career which saw him lead for through on the portuguese under twenty one's who with among others local kids take a coach once you know them. and of have previously managed only one weight in his five matches in charge up to the controversial firing of manager unique it was when our local soup ate in the table and will be in league action against top ten side on car on july the twenty fourth. now to the france as ticked off earlier today in unusual style the field is taken on the road stage of nearly two hundred kilometers long instead of the time trial that previously opened the major race on the cycling calendar on today's stage roles but songs do grow more with the riders following the coast before heading inland and finishing on more on this on to it which suits power riders like tom boonen and george bush of the total distances three thousand four hundred and thirty point five kilometers to about one hundred years since a pers

the helm are all named as a new manager of the railway man following his can't take a stand with portuguese outfit sporting is the forty eight year old's town going to korea which saw him lead porto and the portuguese under twenty one's world among those local can take a coach blood to minimise even though it had previously managed only one win and he has five matches in charge after the controversial firing of manager utica for now locals eighth in the premier league table and will be in legal action against a side car on july twenty fourth. the france has tipped off early it's insane than usual style the field is taken on the road stage of nearly two hundred kilometers long instead of the prologue time trial that previously opened the major race on the cycling calendar today's stage runs from. kuala bought of them all with the riders following the coast before heading inland and finishing on more. which suits power riders like toll bullen and tour who shoved the total distance is three thousand four hundred and thirty point five kilometers this year the to. climb the alps back in one thou

failed to convey any as there are the chances of the portuguese branch of the victors. to cycling on the straight is good evidence has become the first tour de france winner from the southern hemisphere after a largely ceremonial final stage concluded in paris on sunday the thirty four year old and two time run around how to deal with security is first grounds to a title after taking the lead as yellow jersey on saturday putting a stunning time trial victory in the suburbs of deniable once again andy schleck to settle for second best inching its runner up the third year in a row he's out of trouble trying to complete a podium mark cavendish finally takes home the point when. the next missile posted five stage victories using the final ride through the french capital. and in formula one my parents lewis hamilton fought off the challenges of ferrari's fernando alonso and mark webber of red bull to claim his second victory of the season after and installing race at the german grand prix webber had started on a pole at a down to bring comfort into the lead from him at the f

the helm sayer all named as new manager of the railway man following his cab take a stand with portugueseoutfit sporting the forty eight year old town's coaching going to korea which saw him for two and a portuguese and that's when he was called among all those local caretaker coach floods in minimum enough had previously managed only one women his five matches in charge after the controversial firing of manager utica when our local sleep eight to the table and will be legal action against top ten side on on july the twenty fourth. now the ninety eighth to the francaise tipped off and in the unusual style the field was taken on the road stage nearly two hundred kilometers long instead of the traditional time trial and as expected it was a battle of power riders won by a belgian filly who beat cable evens and thora who shoved into second and third respectively while reigning champion all better go into the last plenty of time in the late crash this year a number of changes have been made the team time trial returning to the schedule among them but one thing remains the same but still concl

and beat a blistering debut in the russian top flight for portuguese coach jersey with four different players on target to his locomotive side and therefore no promising here in moscow can reach us got lost in a free kick to get them going off the thirty two minutes into nice. but the railway men to nothing up still in the first half that's not turned provider soon after the interval of setting up which is to chill for expertly trustable the final back of the arm can that. alexander minchin cough completed a lot sided scoreline with a header after seventy nine minutes for no to walk away. meanwhile an argentina peru train to the bronze medal at the copper america after a four one drubbing of ten thousand venezuela in the third place play off peru broke the deadlock three minutes before the break after really enjoyed our support from jose probably there as he turned past and the situation got worse for venezuela the game turning on its head when they were reduced to ten men on the hour after humber could feel that i must think on the show a straight red and his club team mates go there

and beat a blistering debut in the russian top flight for portuguese coach jersey with four differentlayers on target for his look them to the side and therefore no pummeling here in moscow to reach you at school lost in a free kick to get them going after thirty two minutes in tunis and. but the railway men to nothing up still in the first half let's go off turn provide us soon after the interval of setting up the macis a trough expecting trustable to find the back of me on the planet. alexander imaging cough completed the lopsided score line with a header after seventy nine minutes for no talker. meanwhile in argentina peru claims the bronze medal at the copper america after a four one drubbing of ten thousand venezuela in the third place playoff crew broke the deadlock three minutes before the break after i really enjoyed our sport to pose a problem where as we turn passed and the situation got worse the venezuela going to turning on its head when they were reduced to ten men on the hour after weeks of that promise in khan show a straight red and his club team mates go there and to

sporting a forty eight year old's south coaching in a career which saw him leave porto and the portuguese others when he wants more than on others local can take a coach was in better among enough have previously managed only one win in his five matches in charge after the controversial firing of managing uniqueness not on one although eighth in the table and will be in the direction he stopped and side on par with july the twenty fourth. now the nineteenth to the front has ticked off in unusual style the field was taken on the road stage nearly two hundred kilometers long instead of the traditional time trial and as expected it was about the riders won by a belgian village in vero beach ski levens and four who shelled. respectively while reigning champion alberta course of the last plenty of time in the late crash this here a number of changes have been introduced the team time trial returning to the schedule among them but one thing remains the same the includes at the chandeliers a in three weeks time. now over to malta g.p. where case is still know will start from pole in sunday's ita

first bought the land way back in 1893 and named the ranch limoneira, which means "lemon lands" in portuguese. >> and at the time, they wanted to bring about the first full-scale commercial operation citrus ranch in the u.s. and from there, we added, throughout the years, over the last 115-16 years, 3 other families have come into the fold, and that's where we've grown today to be our 7,000 acres that we are in california. >> once called the home of the lemon, it actually took 15 years before those first farmers even turned a profit at the limoneira farm. but they persevered, and as they say, they've come a long way, baby. things have obviously changed a lot over the years, but one thing that hasn't changed is the desire to explore innovative programs. the farm invests a lot of time, research, and investment into improving lemon production through innovation. in 2008, they completed work on a solar panel project that stretches across nearly 5 acres and can help to power their lemon storage facility and packing house. and despite being the oldest continuously run citrus packing operation in no

and there's been a blistering debut in the russian top flight for portuguese coach jos a coup so with four different players on target for his not for want of side and therefore no pummeling of i'm caught here in moscow dimitri let's go blasted in a free kick to get you going after thirty two minutes. and these with the railway men to nothing up still in the first toff. ten provide us soon after the interval setting up the need to secure off expertise just of the ball before and in the back of the arm can let. xander cough completed the lopsided score line with a head after seventy nine minutes for not often. when we wanted argentina peru claimed the bronze medal at the copper america after a four one drubbing of ten man then as well in the third place play off peru broke the deadlock three minutes before the break after really enjoyed our sport to pose a problem get their toes return pass and the situation got worse for venezuela the game turning on its head when they were reduced to ten men on the hour and the humber get through that thomas i think on the show a straight red and his