according to the u.k. pension fund to pay for the mean public that the well paid no don't think that pensions what while they still ship you think that that was the right withdrawal would allow that that would mean you'd pay p.l.o. the very short of investment just what it means that more than ever begins we'll be addressing that but if the government lists make your average. sticking with this story it's time to make a few comparisons so there's are the images of what's going on in the u.k. today and the other age is what's going on in washington now there obviously differences in the situation we haven't seen public sector workers affected here on the federal level that battles been taking place in the states but then again our federal government has been really done anything yet when it comes to drastic austerity measures so how do we compare and does austerity even work let's break it down with our guest tonight harrison founder of the blog credit write downs are edward thank you so much for joining us

well we're here you know the u.k. and also we're hearing some to the united states of phone hacking where you know the u.k. would make murdoch and his news corp violator of the foreign corrupt practices act which has criminal and civil penalties and basically doesn't allow u.s. corporations to bribe foreign officials if murdoch is bribing foreign officials as seems to be the case they're talking about one hundred hundred thousand pounds or one hundred thousand dollars worth of bribes to the london police if that happened here the law and the f.c.c. should look at that and say that the twenty four stations the own that cover forty percent of united states he should not be allowed license of the news corp's licenses should be revoked and a new news station are sure to come into play so i don't think he has any place the united states and it's very important for. ok toby and i to go to you in london what do you think about what kevin had to say because we all know on this panel that these kind of practice is have been go

agent has some experience of the u.k. paper business to owning both the independent already and the london evening standard that he's there and it's in the u.k. capital to bring us up to date on this developing story what we know tonight how likely is it now that leverage they have could be getting his hands on yet another high profile media outlet in the u.k. . well let me just talk generally little bit about the phone hacking scandal first and say that it's been a huge there's been a huge amount of media hype here in the u.k. if you can imagine a nation sitting around glued to its t.v. screens into its radio. as the top executives from from news corp news international rebecca brooks murdoch his son james. the two top people in the metropolitan police and prime minister david cameron have all been paraded before m.p.'s know how to answer some very tough questions a lot of media surrounding that here in this country and there's been a series of anti heroes in this story the two murdoch's themselves david cameron has turn

it was a bizarre day in the u.k. yesterday media mogul rupert murdoch and son james murdoch appeared before the u.k. parliament to answer questions about what they knew about the phone hacking scandal in sweden britain and the elder murdoch wasn't interested in taking any responsibility for the fiasco. this time of the open with. this whole fiasco. you have no doubt then who is shortly after that answer is shaving cream pie was thrown at murdoch proving that no matter what murdoch is involved in a matter how big the story is it always devolves into infotainment and spectacle then today more allegations were leveled at news corp from the u.k. parliament house of commons report alleges that news international blocked the first investigation into the phone hacking scandal report reads we deplore the response of news international to the original investigation of the happening is almost impossible to escape the conclusion that they were deliberately trying to thwart a criminal investigation and prime minister david camer

agent has some experience of the u.k. paper business too early both the independent and the london evening standard. it's called the latest. there's been a huge amount of media hype here in the u.k. if you can imagine a nation sitting around glued to its t.v. screens into its radio. as the top executives from news corp and prime minister david cameron have all been paraded before m.p.'s know how to answer some very tough questions a lot of media surrounding that but now and i should add that this is just reports coming from the media that alexander lebedev hasn't confirmed this himself but it looks like he may be interested in becoming the hero of the piece and sensually picking up the news of the world and releasing it under a new name which media reports are saying that he might call it news instead of news of the world he would just tell you a little bit about leverage if he's estimated by forbes magazine to have a fortune of two point one billion dollars and of course he owns shares in era floats he also owns a newspa

is in much worse shape u.k. total debt one point four trillion dollars us oh we're just at fourteen point four trillion dollars when you break that down that means that debt per person is about twenty three thousand seven hundred ninety one for a british person and we're almost fifty thousand dollars per person in the u.s. so obviously our problem is much worse and britain's that problem why are they the ones that are acting like this is an emergency and they have to do something about it right away and our politicians are speaking on capitol hill well i'm not sure what this. in terms of how they break it down but in general if you were to take the aggregate debt that's not held by the government you know in the u.s. for instance a lot of it's actually held by security and so therefore you know that number would drop significantly i think they're very comparable in terms of the numbers but really it goes to the philosophy of the two governments you have this conservative government the u.k. versus a more progres

agent has some experience of the u.k. paper business owning both the independent and the london evening standard that is the roma joins us live from the u.k. capital pretty sort of illness developing story today laura so how likely is it now that negative could get its hands on yet another high profile media outlet in the u.k. albeit there tainted as it is so far. well let me just says for a moment he doesn't have the cash in his pockets as it were but he says if he could sell something astaire another company that he owns or something like that he would be interested in in reforming the news of the world and certainly when the paper closed two hundred perfectly good journalists were made redundant by that move and so they'd probably be pretty pleased to have their jobs back in a reforms paper lives just as that if you did buy it he would change the title from a paper that he says plays on the least attractive strings of human nature to one that investigates wrongdoing and corruption among the rich and powerful he ought t

the former head of anticorruption of the u.k. serious fraud fraud office thanks very much for that update. and that's our business update for this hour but they'll forget we'll be back with more in about forty five minutes meanwhile you can always log the website at prime lost or is there.

where do you think that this law could make the u.k. market less attractive for companies from emerging economies from other countries. no i don't believe that it will companies with the right risk mitigation policies and procedures in place we really have little to worry about there is a defense in the act of having adequate procedures that protects us and shield against wrongful actions from the employer from lawyers or third parties but if you're asking me whether the bribery act makes you less attractive for corrupt companies from those emerging markets well in that case the answer is a resounding yes ok so what about the rest of europe do you think that this law could spur like an anti corruption where across other countries in the e.u. . while rather than spurring a wave i think the bribe yet to really is injecting momentum into what is already started there's been a growing recognition now for some time that the damage the real serious damage that corruption does to companies that it's a country's companies both on a human level

satellite the u.k. and jim that murdoch has had it is for quite some time meanwhile here in the u.s. murdoch's news corp face a one hundred million dollar bill from the u.s. department of justice may soon be launching an investigation into news corp for violating the foreign corrupt practices act after it was learned that news of the world recently paid off corrupted british police officers so could this be the beginning of the end for murdoch's reign as the world's richest media mogul and should american regulators be taking a closer look at news corp operations here in the united states joining us now to offer his take is stephen webster senior editor at ross story stephen welcome it's based on this is no small issue i mean there's evidence that the sunday times owned by murdoch hacked bank brown's bank records is in france son's medical records and publish a story on the child serious illness or do you think this is going to end up in the u.k. . in the you're hearing i agree this will likely be reduc

story it's now that can tell you should know spread through news international the u.k. right out now into united states and australia let's concentrate on what's happening there in the u.k. it isn't just about the abuse of power by the media this is now actually spreading into u.k. politics isn't it how big a threat does this pose to the british government and indeed the prime minister himself while it poses quite a big threat to david cameron because it's the first time we've seen his judgment quite clearly brought seriously into question the decision to use and recall some who had been the editor of the news of the world when some of these events will tell you place as his press advisor was clearly a very very bad judgment and strong in it and he now is trying his best to make clear blue water between him and news international. one also about the alleged intrusion that comes royalty and top government officials are all there really now risks to national security. well there are some most of the work that is being done in news the world was really salacious some purel

that's why this will test with the favor we in the u.k. are for the replay a lot of the only way for these countries is the break out of this prison which is the eurozone. now a quick look at some other international news in brief visit world updates selves protesting in the egyptian capital current for the sixth day running demanding the removal of the military council and threatening to expand their city into other cities demonstrators are also calling for us to president hosni mubarak and his aides to face prosecution for the killing of hundreds of protesters junior uprising in fabric and militarist war protesters against using violence but said it wouldn't try to stop the rally. was a novel that made the south a half brother of the afghan prison. karzai has been buried in kandahar amid wali karzai was murdered in his home there on tuesday the taliban has described the assassination as their biggest achievement in ten years shortly after the ceremony two explosions were reported in kandahar and a regional governor narrowly escaped a roa

and investigations into the u.k. phone hacking scandal intensify with more political figures coming under scrutiny and public. media executives including. the political future of prime minister david cameron. discusses the prospects of economic cooperation between moscow with the french president's special representative to russia. last question representative of the french president on cooperation on russian french business relations thank you very much for being with us today so you come to russia every fifteen days what is your primary mission. my first mission given by presidents are cozy in line with president medvedev is to report and scope out the establishment of your russian economic zone and the second part of this mission is to strengthen economic cooperation in all possible areas between our countries. now you have responsibility also developing the trade between french france and russia which sectors of the russian economy do you think are most attractive for business leaders and friends will the board o

in the u.k. as very strong as united as well we could certainly push u.k. descent i'm here to say don't think there's any chance that perhaps the u.s. government if it have time passes might just let it slide might forget about a jillion aside you think they're going to keep doing whatever they can to eventually get as they get their hands on him. i was a lot of fear. is doing so when he leaves they continue to keep put out documents they have a whole cache of documents that was allegedly leaked by barely million very glad you mention the un report your being denied access to bradley manning still the us government hiding what it what it did to torture bradley manning it's obvious there are some guys so yes i think that want they want signs greatly the model that he's developed wiki leaks we're going to not a mostly provide information from government from big business and had a visual ease with out the source we've michiru being known is when they want to stop us if we do your times to hold back on national security concerns washington post c n n the able

message out in the u.k. about i'm sorry but as i said earlier this isn't just protect the minute to limit it when in fact you have big media culture and organization and news corp it is tainted rotten but it is true that the tabloid culture in the u.k. is you know there's a lot of stuff going on the danger of going to have to sit in the u.k. as you know there are liable if you got secrets acts we don't need more prosperous frictions on the media we need a freer media and the attempt for camera the u.k.'s prime minister to use this to impose more press restrictions is the wrong one what we need are through rigorous investigations into the illegality the criminal law breaking of news corp news international and that's where our attention was and that's where the wall street journal i think is just desperate to kind of find a way out of it there's but then again the wall street journal has found a way to let the hankers scot free as they support regulations and lubricated their way to easy cuts do you think tha

and investigations into the u.k. phone hacking scandal intensify with even more political figures coming under scrutiny now and public betting on who the case might bring down next. hello it's eight pm here in moscow you're watching r.t. with me kevin and this is first of all a you leaders have gathered in brussels for an emergency summit on how to come up with a promised cash for a second greek bailout but the epidemic is spreading with italy and spain now showing the first symptoms of serious debt a sense of impending doom indeed fills the air as our seas daniel bushell reports that. the single currency will be good within two years warner lists the european debt crisis there's a really. serious threat in. europe might surface integrate politicians in richer states have been voters refuse to foot the bill well i don't think i've ever met anybody in the united kingdom in london my constituency that actually wants to contribute to the continued existence of the hero because i think it's a stupid idea to start with an

and investigations into the u.k. phone hacking scandal intensify with even more political figures coming under scrutiny and public betting on who the case might bring the next big split say it's threatens the careers of not only media executives including group of mothers yourself but also the political future may be u.k. prime minister david cameron. next as promised the lights of the kaiser report where max explains the consequences of deadlock over the us debt. kaiser stacy herbert this is the kaiser report you know i did our currency any revolution over mack's ideas are in our headlines today the first one could the cindy sherman of monkeys accidently revolutionize copyright law for artists so cindy sherman is the famous artist who takes self portraits and if you look at this image that's not cindy sherman that is a monkey from indonesia and he. took the camera from a nature photographer visiting indonesia and took south portraits of himself now this has become a big copyright issue because copyright in for ta gr

and as members of parliament here in the u.k. agree to launch a public inquiry into "the news of the world" alleged hacking, showing prime minister david cameron, and the culture secretary on either side of rupert murdoch. the pressure is rising on the media mogul. it was britain's worst peacetime act of terrorism. but now, there are concerns that families of those killed on 7/7, in 2005, were also eavesdropped upon by the british tabloid, "news of the world." graham lost his son, david, in the attack. and says his phone may have been hacked by reporters. >> the thought that somebody may have been listening to me begging for david to phone home. i thought we were in a dark place and i didn't think anybody could make it darker. but i'm proved wrong. >> reporter: the phone hacking scandal is so shocking, it's prompted an emergency debate in britain's parliament. >> it's make the public. and i feel so appalled by what's happened. murder victims, terrorist victims, who had their phones hacked. that's why there's a full police investi

more bad news for infotainment media empire report out of the u.k. says the murdoch's now shattered tabloid news of the world attempted to pay off a new york police officer for access to the phone records of a nine eleven victim the offer was rejected by the police officer and were dogs problems grew by leaps and bounds today when the guardian reported that former british prime minister gordon brown was also a victim of hacking by other british newspapers owned by murdoch's news corp private best gaiters working for murdoch's papers including the formerly reputable sunday times allegedly monitored brown's bain phone and family medical records for more than ten years while he served as prime minister in chancellor of the checks of the exchequer all of these developments seem to have railed the media mogul's bid to buy british broadcaster b. sky b. as british politicians moved to. lockie acquisition b. sky b. is a very profitable pay t.v. satellite u.k. gem that murdoch has had his eyes on for quite some time meanwhile here in the u.s. murdoch's news c

the in the u.k. i mean there's always criminal investigations one of the editors ended up as the press guy the number one press guy for david cameron in a big scandal around that i mean it's actually shaking the government and you know he's going to be arrested tomorrow the guardian is which is probably were provoked shutting down the newspaper but. there's an extension from this scandal in the u.k. these hacking these phones to the wall street journal with the article that you wrote i read today is accurate you tell us about that well you know rupert murdoch and you know every every corporate mogul wants to will for his empire and the wall street journal is that rupert murdoch he's got all of the screaming tabloids and he's got this the ideological television station and it's all pretty lowbrow stuff but then over time as a woman's. vote in the u.s. you know he and i mean really globally the boss street journal is the paper of record for review the global financial sector and so he hired this in two

the news corporation, what's going on in the u.k. over the phone hacking scandal and the news of the world. >> yes, shareholders have been dropping. we know the costs are mounting. around $2.3 billion has been wiped off the value of news corp's shares in the last couple of days, though we're also starting to see the loss in the advertising revenue, mitsubishi, halifax and the u.k. version of some big names. it's important to note the u.k. newspaper part of the empire only represents 4% of group sales. but if you look, for example, at the cost of news of the world, the profits they contribute and the weekday paper, the sun, it's about $138 million. for a global empire that makes hand in earnings about $3 billion a year, they can probably handle a loss in advertising revenue and readers. but they've also got the possible conference ensation coming up from the alleged victims of the phone hacking. sienna miller's phone was hacked and received a settlement of $160,000 u.s. dollars. if you multiply that times alleged victims, $32 million

and unlike the u.k. here in the us these issues don't impact young people so if there's going to be any protests it will be up to the polls or people in this country to start a movement now they probably won't take to the streets but they are the ones who usually come out to vote so maybe that's what congress should start worrying about . thanks for giving us your input and here's our next question for you earlier we shed light on a u.n. report that shows the violence in afghanistan has soared in the last year something that directly contradicted what some u.s. military officials have said so who's telling the truth let us know what you think do you believe the u.n. or u.s. military officials when it comes to measuring violence and death in afghanistan you can respond to us on facebook twitter and you tube and knows your response just might make it on air. now we make a consistent effort to call out police departments across the country who are out of line overly aggressive and abusive but they would lik

here in the u.k. rather than any kind of commercial endeavor which is a good thing considering the state of the newspaper markets here in this country now his press service when we contacted them said that they couldn't comment and that this was the first that they had heard of this story but we are still waiting to see whether leverage if himself will come out and confirm or deny that it's meanwhile this phone hacking scandal which is a huge upset here in the u.k. has claimed the life of sean hoare he was the first journalist to allege that his editor at the news of the world and he calls and knew about and in fact actively encouraged phone hacking at his newspaper the blogosphere has been set alight with comparisons between the death of sean hoare and the death of un weapons inspector dr david kelly back in two thousand and three there's more information about that in my report. another political scandal erupts another whistleblower diaries sean hoare was the first former news of the world journalis

and investigations into the u.k. phone hacking scandal intensify with even more political figures coming under scrutiny and public betting on who the case might bring the next. also as washington is running out of time to find a solution to the debt and deficit problems russia's concerns are mounting as it holds a large part of its international reserves and the us wants one that's in twenty minutes on business something. it's ten pm here in moscow welcome if you just joined this she watching r.t. international with me kevin owen in first e.u. leaders have gathered in brussels for emergency summit on how to come up with a probably cash for a second greek bailout but the epidemic is spreading with italy and spain now showing the first symptoms of serious debt indeed the sense of impending doom fills the air as r.t. daniel bushell reports that. the single currency will be good within two years warner lists the european debt crisis there's a really very serious threat. to disintegrate politicians in states to refuse to