austerity it's terribly austere people are suffering terribly there was you know peter at the stockholm school of economics and some time with my visiting appointment there and in that country we've seen upwards of ten percent of the people have to leave in this massive biblical like exodus i mean it's just absolutely terrible crushing and regarding the unsustainability of the system well yes true it is unsustainable but not for the reasons i think that iraq has suggested i. said columbia university have released a fresh report on the dangers of drone warfare for the us the paper says not even top military stuff know the exact death toll of these unmanned strikes hailed by officials as surgically precise and it can have long running consequences for america's diplomatic relations says no rain shock one of the authors of the paper. whenever the u.s. is going into a country and exerting its force they're going to polarize public debate in those countries so the us and tell you a sentiment it's not that's the beginning of the iceberg the tip of the iceberg really because we're also talking about governments i

professor at the university of wisconsin milwaukee and a visiting faculty member at the stockholm school of economics and in new york we cross to peter cheer he is the founder of p f market advisors right gentlemen crosswalk rules in effect that means you can jump in anytime you want jeffrey you've been on the program before has austerity gone too far particularly in europe can i stared he create prosperity can a stary create jobs. well it's creating plenty of prosperity for the financial sector i'm not sure for how long this will continue but for common people it's been a disaster and it's been a disaster frankly for forty years i mean we continue to see this kind of cannibalization of the social sector and then driving those. gains up to the top of the in comparing that and this is has to stop the whole system is imploding peter where you jump in on that too much austerity you know i think one i study actually needs to be done in some form i think it's got to take some time the other side of this coin has become every want to talk about oh spending and let's be honest we got into this debt problem

austerity it's terribly austere people are suffering terribly there was you know peter at the stockholm school of economics and some time with my visiting appointment there and in that country we've seen upwards of ten percent of the people have to leave in this massive biblical like exodus i mean it's just absolutely terrible crushing and regarding the unsustainability of the system well yes true it is unsustainable but not for the reasons i think that eric has suggested i. the georgian dream coalition is planning a clean sweep through parliament and top of its wish list is getting the country is lame duck leader. to step aside the president's near a decade of undisputed reign had the buffers when the opposition bloc sailed to victory in the parliamentary election from really see here's alex. it felt as if georgia had won the football world cup thousands in the streets celebrated the surprising win by the opposition and despite fears the ruling regime may somehow hamper destroy soon their worries were swept aside by the president himself so. it is evident that the georgian dream coalition has secured a ma

austerity it's terribly austere people are suffering terribly it was you know peter at the stockholm school of economics in riga with my visiting appointment there and in that country we've seen upwards of ten percent of the people have to leave in this massive biblical like exodus i mean it's just absolutely terrible crushing and regarding the unsustainability of the system well yes true it is unsustainable but not for the reasons i think that eric has suggested. torture violence and arrest words used by human rights activists in bahrain to describe an intensifying government crackdown on aren't certain that's in the latest incident riot police move to disperse if the overall procession for a protester who died behind bars after he was allegedly did not proper medical attention also in bahrain nine doctors lost their appeals against their sentences and were ordered to serve terms for allegedly treating injured protesters the crackdown on dissent was explicitly covered in a documentary made by former c.n.n. journalist andrew miles from one prestigious journalism awards but was only errant that must expl

austerity it's terribly austere people are suffering terribly and as you know peter at the stockholm school of economics and read some time with my visiting apartment there and in that country we've seen upwards of ten percent of the people have to leave in this massive biblical like exodus i mean it's just absolutely terrible crushing and regarding the unsustainability of the system well yes true it is unsustainable but not for the reasons i think that eric has suggested. what we have to do is to actually increase our tax receipts we need to close down shut down these offshore financial networks that have all of this capital of aiding taxation we have to have a tobin tax in both financial and currency transactions and we need to jack wages up in line with productivity that's something we haven't done for the past forty years labor has just not received its share of productivity consequently what we've had to do is we've had to rely on credit whether it be in the public sector or in the private sector to purchase all of the goods that we can produce it would be a travesty and i would even say it's the h