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tv   News  Al Jazeera  September 7, 2013 12:00pm-12:31pm EDT

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>> i'm richelle carey. president obama talks about a possible strike on syria from the g20 summit in russia. >> we are very grateful for the statement that came out of the meeting today with respect to syria. a strong statement about the need for accountability. >> secretary of state john kerry is in europe pushing for support for strong action in syria. brazil marks its independence day. threthe olympic committee wl
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announce the city for the 2020 olympic games. >> secretary of state john kerry is in europe. his first stop was lithuania, and now he's on his way to france to meet with the foreign minister. so what are you hearing from secretary of state kerry about how these meetings for him at the e.u. there seems to be a little bit of a consensus coming out of the meeting. >> yes, it's been an interesting day on this side of the atlantic. he said he was pleased with the results and thanked the members of the e.u. they put out a single unified
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statement read by the head of the e.u. saying that the assad regime was behind the augus august 21st chemical weapons attack, which started this crisis. >> information from sources confirm such an attack and seem to indicate strong evidence that the syrian regime is responsible for the attack as it is the only one who possesses chemical agents and the means for its delivery in sufficient quantity. >> now barones sessio s baronesn
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to say that they're waiting for the u.n. report. nevertheless it is interesting to see that all those member states signed on to this statement. >> that is pretty significant. before syria was added to the agenda, secretary kerry already had a pretty significant agenda at the e.u. tell me what else was discussed at this meeting? >> that's right. originally these talks were aimed at restarting the middle east peace process, something that secretary of state has been pushing for, for quite some time. with instability in the region and possible ramifications for strikes in syria that could effect recently what happened
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the palestinian israel talks are a little bit up in the air. nevertheless we're told by state department officials that that is still on the agenda. he will be meeting when he is in paris with members of the arab league. when we comes here he'll meet with mahmoud aba abbas, and. >> all of those issues, tangentially are connected, too. members of congress are not the only one who is are not sold on military action against syria. according to a gallup poll, only 36% support military action, 51% are opposed.
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in our coverage of the war in syria continues in just a few minutes. we'll go live to washington for the latest on president obama's efforts to persuade congress to support syrian military strike. brazil celebrates its independence, but protests are under way. demonstrators have been met by force, forc. >> reporter: people come out here to observe the parade to celebrate brazil's independence. earlier we saw tear gas to keep people away from the parade.
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many said they were going to fill the streets across the country in more than 140 cities, they're calling on the government for more social services and more spending on health and education and government here in brazil is trying to respond to the wishes of the very large and disparate movement but it does not some to stop people from filling the streets in these spontaneous moments where protesters are trying to grab attention of not just brazilians but the whole world to show the inequality in the country. thso far protesters show no sign of stopping this moment of demonstrations that continue sporadically across the country. >> madrid has the latest to make its final pitch to the
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international olympic committee. for turkey's istanbul, violence in neighboring countries could be a problem. and tokyo's chances could be hurt from winning the bid. >> if tokyo wins this is where the 2020 olympics will be centered. the main arena from the games, and then marked japan's recovery from world war ii. that plus tokyo's experience and reputation for safety makes it a favorite. but this is being overshadowed what is happening at the
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fukushima nuclear plant. the plant is still unstable and leaking radiation. the prime minister has give his assurance that the situation will be under control in 2020, and the japanese government said holding the olympics in tokyo will inspire the world by showing how a nation can recover from disaster. >> the international olympic committee will announce the wi winning city later on today. stay tune here on al jazeera. five years ago the economy went into a tailspin. today millions are still unemployed. the market is on the amend. ali velshi reports. >> five years ago this month america and the world marched to the edge of the economic abyss. on september 7, 2008, warning sirens sounded when the
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government took over fannie mae and freddie mac. one week later september 14th lehman brothers collapsed, triggering a global freeze on credit followed by a government takeover of aig. literally overnight the recession became a global crisis. >> this is what brought us to the brink of collapse. >> all because annie went and got a house she couldn't forward? >> congress had to act, bail out the banks from their risky behavior. but the carefully crafted bills to rescue the system went down in defeat in the house of representatives. investors went into full blown panic. the dow dropped 777. points. $1.2 trillion in market value wiped out in a single day. >> we've got much work to do,
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and this is much too important to simply let fail. >> congress got the message, and on friday, october 3rd, they finally passed the $700 billion relief program, tarp for short. >> five years later is america better off than it was then? yes, because it was that bad. could it happen again? >> could it happen again? on set with us now oh to give context to the 2008 crisis and five years later, david melendez. thank you for coming in. we appreciate it. so, i will never make the same
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kind of money that i did before. let's talk about a bigger stage, how has the economy changed in the last five years. >> a lot of jobs that are created are the low-paid jobs and jobs that are part time because the recovery has been very slow. not as robust as you normally see after a financial crisis. it has been very slow for people looking for a job. and people in the middle, and obviously the people at the top who control the capital, the spigot of money that the federal reserve has put out, and we've seen an increase since then. >> has some of the--are there a category of changes that have been good, and category of changes in our economy that are just bad. >> the fact that we're not creating good jobs is not a good thing. there is more of an awareness that we have to do something, but we have not done much about it. >> what do we do about it? >> focus on the financial system and understand what happened,
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and what to do to move forward and to make it better. we understand what happened in many ways, and there is still debate in what caused the crisis, but we do know it was a dispersal of risk in a way that the people who were handling it did not understand, and it was due to the fact that the system was unregulated, it was assumed that they did, and that the fact that they were really smart people, they would not need reform. >> has there been reform. >> we passed the frank dodds law. in order to reform a lot of different things that were wrong, for example, the prohibition of credit with freddie mac and fannie mae. the way derivatives, things that people have heard of. >> i know that word. >> we had very smart reforms there in terms of what to do about it. the problem is had those reforms
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gone from broad mandates from congress into the field of regulators saying this means that you actually have to do this, and to do that. >> and implement it. >> to implement it and telling banks this is how it works, the banks have had lobbyists and people at the regulatory level have pushed back and said we don't think--when you have a $1,000 hour lawyer arguing with government employees of how the law should be applied. the commissioner of the agencies in the government that deals with all this stuff has been seen as someone who has been fighting since the beginning, since the financial crisis happened to put the hammer down and fix this, and in a way he's been overshadowed by a lot of team. and the latest news that happens was that he had a meeting with the incoming treasure secretary.
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he wanted to establish a system that was stronger than the ones that were in europe and so forth. >> we'll continue over the next few days to look back to see where we were, where we need to go. david melendez, thank you for coming: >> absolutely. >> speaking of the economy, convincing congress to take military action against syria. a closer look at the weak ahead. that's next. and australia has a new prime minister. we'll take a look at the election and what americans need to know about tony abbott.
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>> welcome back. here is a look at our top stories. protests in brazil as the country celebrates its independence. they're all protesting against government corruption and slow reform. demonstrators have been met with force by police in rio de janeiro. secretary of state john kerry me in lithuania and now in his way to france to meet with the french foreign minister. president obama is heading back to congress to convince congress for the need of a
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military strike in syria. what does he need to do to convince congress to support the strike in syria. >> he still has starting the day after tomorrow when congress is back in session, a lot of work to do in order to make some head way on the hill. let's hear from a couple of lawmakers what their thoughts are. >> the problem is that we're trying to figure out if we go in, is more harm possibly done by some type of retaliation by president assad and others, does iran do something? i'm not sure. >> i don't want to make a decision based on the
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president's credibility. i want to make a decision on the bases of whabasis of what is ber country. >> that is elijah cummings and dan coats and that's indicative of the skepticism on both sides of the aisle. in the house they've only counted 30 representatives who are supporting intervention or leaning in that direction. 192 who oppose u.s. involvement or leaning against it, and about half of them still undecided. in the senate a little bit better for the white house, 34 supporting or leaning in favor. 32 opposing or leaning against, and 34 still undecided up in the air. possible they would go one way or another. a lot of that will depend on what they'll be able to do in the day ahead.
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>> those are really stark numbers particularly looking at the house. so what is the white house planning to do about this? >> right, not so great in the senate where they have the majority. tomorrow night vice president biden will have five republican senators over for dinner. we know while the president was traveling he called five senators from both sides of the aisles. susan rice is giving a speech here in washington all ahead of tuesday's address from the white house. full court press here from the administration. >> paul, thank you so much. stay with anger for the latest on this story. we'll have live coverage of president obama's address to the american people tuesday night primetime. australia's prime minister kevin rudd has conceded defeat in the country's national election. >> i gave it my all, but it was not enough for us to win.
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>> rudd lost to conservative challenger tony abbott. his defeat ends six years of labour party rule. >> this was of course a comprehensive victory for the parties led by right of center tony abbott. i think disunity in the labour party has really branded the party in the eyes of the country. he took over the top job an then lost it to his deputy and then took it over again. voters thought if the labour party can't even run themselves how can they run the country?
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where happens now? tony abbott said he wants to slim down the straight. kevin rudd had a strong track record on foreign policy. tony abbott didn't. he said the conflict in syria was simply batties against batty, which was seen as a bad analysis of the situation. it would seem whatever the united states chooses to do, australia will support it, but we'll find out more when tony abbott formerly becomes prime minister two or three days from now. >> andrew thomas reporting. what do we know about prime minister elect tony abbott? we know he was a rhodes scholars and his long struggle to connect with female voters and was considered unelectable. he had vowed to boost the
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nation's flagging economy. your weekend forecast is coming up. hello. >> hello, richelle. while it's comfortable in the northeast and hot across the north central plains we have severe weather threats. please stay tune. i'll tell you all about it. that's all i have an real money. victoria azarenko
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>> for a second time former nba star dennis rodman is visiting north korea leader kim jong-un. he tweeted i'm calling on the leader of north carolina o north korea to do me a solid and release kenneth bae. then when interviewed he said it was not his job to ask about b bae. >> it's amazing that since he's a very young individual, and he wants to change things. he wants to change things around the world. and when i go back to america so i can say very good positives, and very good things about this country. >> rodman and kim reportedly had a cordial talk and watched a
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basketball game together. rodman tweeted that kim jong-un is an awesome guy. the largest volum volcano lg under the motion. it's located about a thousand miles east of japan. researchers say it's been dormant for millions of years. >> meteorologist: good afternoon, east coasters, good morning for those of you on the west coast, and look at the central portion of the country. not looking at much there, right? high pressure is in patrol so it's a quiet, comfortable day. we'll continue to deal with plenty of sunshine and it will be exceptionally hot throughout the region as we track into the next 24 to 48 hours really. take a look at temperatures right now in minneapolis, 85 degrees. chicago, 82. that's hotter than it's going to get all day in downtown new york
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city. so it's going to be very, very warm out there. highs today, 89 in chicago, and that is close to the record, the record for this time of year right around 95 degrees, and i think by monday they're going to get close. we do have rain on the way, it's pushing out of portions of montana into north dakota. from montana all the way into rapids city we'll have to watch out for volatile storms as we track into the afternoon and especially into the evening and overnight damaging winds we could see winds gusting up to 60, 70, maybe even 80 mph. large hail and even the chance for a few isolated tornadoes. if you're traveling along i-94 take it easy. if you see flooded roads please don't travel down them.
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it will cool down but then heat up once again across the central plains and north west. across the northwest we had much needed rain. you can see the storms pushing across eastern montana, cloudy overcast clouds, but later on in the day that's when the storms are going to become quite volatile. if you're traveling along i-15 you definitely want to use precaution there. again, this is usually the height of hurricane season. it's been very quiet across the atlantic basin. while we have two areas of interest, although we're not looking at much development out there, i really want folks to use per caution if you're traveling in the southwest, quiet in the atlantic basin and in the northeast it's just gorgeous out there. >> nasa's newest robotic explo
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explorer blast off to the moon. watch. >> three, two, one, zero, ignition, and liftoff. >> the $280 million mission will study the thin dusty atmosphere to see if there is water on the moon as well. the car-sized spacecraft will orbit six months before plunging to the moon's surface. it provided a light show for spectators all across the east coast. now a n.a.s.a. asked people to snap pictures and send it through flickr. it could be even from washington, d.c. to new york. breathtaking. i'm richelle carey. keep it right here on al jazeera. up next, inside story. thank you so much for your time.
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don't go anywhere. >> so the movies have been screened, juries have retired to consider their verdict. in all probability, it's been reached already. as for the crew and the stars, and directors, they'll have to wait a little longer to find out how this one ends. >> thousands of germans gathered in berlin's stadium to witness the opening display of the annual fireworks festival. three international attempts unleashed hundreds of fireworks into the night sky. some to the tune of famous pieces of classical music. this year's colour theme is violet yellow. the festival closes on saturday. three more will put on their fireworks displays. plenty more news online. breaking news, video and ondemand on the website. is


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