tv BBC World News America PBS August 5, 2011 4:00pm-4:30pm PDT
>> this is bbc world news america. another roller-coaster ride for the global economy. markets around the world plummet. in the u.s., is a day of wild swings. pay a heavy price in libya. rebel forces tried to push toward the capital. the well might be there. >> mission and left off. >> five years and 2 billion miles to unlock some of the oldest secrets of the solar system. welcome to our viewers on pbs
in america. things will get better. that was the message from president obama. the question is, when. exchanges were center around the world tumbling. no assurances seem to be stopping the slide. let's start with our business editor. >> 24 hours of turmoil on markets. share prices plunged, infecting the americas and brazil and the u.s. it spread to asia, japan, china, hong kong, singapore and then back to europe. $3 trillion wiped off of shares worldwide. the crisis was triggered by fears that italy and spain would be unable to repay their debts. that was stemmed on july 21 when the government said they would
be able to use a default package. >> i would encourage everybody to stay calm and breathe deeply. the economic recovery is going on. it is important that we protect it from turbulent. this work is going on day and night. >> it may be tempting as seen falling share prices as having little relevance to us. it may say a good deal about the competence of companies to invest and create jobs. in the case of bankshares, when they fall, that may tell you something about their ability to borrow. when banks cannot borrow, they find it hard to land. wins cannot land, the timing weekends. this afternoon -- when banks cannot lend, the economy
weakens. >> we are going to get through this. things will get better. we are going to get their act together. >> if the problem is the excessive debt of a number of rich countries, is there a painless solution? >> no, there is no painless solution. people will have to accept that government will be smaller and spend less. there will be fewer jobs in the public sector and less expenditures on things like public health care, pensions, and education. >> there were losses of more than 800 million pounds. how bad can it get. >> it would be stupid not to be cautious and alert to the risks out there and concern. i think the probabilities are that the world does not turn
over night. place that is slowly recovering to a place that is a disaster area. for more on the market madness, the white house may be bracing for a downgrade in its bond rating. i am joined by mark mardell. the late story in the potential debt.rading of u.s.-backe >> there might be a downgrade for the u.s. triple a rating to aa. abc says a government official has told them they are expecting and preparing for that to
happen. a second official has said they're not 100% sure it will happen or when. we have got no independent confirmation of that. none of the other networks are reporting that. abc is usually pretty reliable. the white house is at least telling them that they are expecting a downgrade. one week ago, that was seen as an absolute catastrophe, the worst thing that could happen to america's reputation in the world. i wonder if the markets have discounted the standard them poor -- standard and poor report. -- standard and poor's report. it was all depending on the debt deal being done. that was down one week ago. time has moved on from there. the ironic thing is that we have seen people panicking about the
state of companies taking money out of stocks. where do they put their money coming into u.s. treasury bonds. >> unemployment was only at 9.1%. it shows you a lot that that counted as good news. everyone is looking for a sign that the u.s. is going into recession and there is more trouble on the way. even if they have not got that trigger, the underlying fact is that there is hardly any growth. it is not good news. we heard the president talked about his focus on jobs, but no new policies to create them. >> turning out to libya with the government had denied reports that one of colonel gaddafi's sons has has died. this is the second time this year that it has been reported that this particular son has been killed. rebels in the west of the
country say they are running dangerously short of ammunition. they claim to have taken new ground in the outskirts. >> coming to bury a mother and her two young children. victims of a nato airstrike. it brought journalists to witness their funerals. nato says this is a command-and- control center. it is looking for more details. in the town center, there was quiet. it is still under government control. but the rebels are battling to change that. for the two months, they have been advancing. if artists they have gotten is the suburbs. they have needed plenty of help from above. this is one of the latest air strikes by the r.a.f., which has
been pounding targets around the town. at the front line, we found this rebel brigade resting during a lull in the fighting. a source told us the rebels cannot advance further because they are dangerously low on ammunition. this amateur army is running on empty. the fighters say they have to rely on a lot of homemade and improvised weapons, like these anti-tank guns that have been bolted to pickup trucks. they took this anti-aircraft gun about one week ago. run short ofy wan ammunition at have to wait days to be resupplied. >> well, what can i say? our ammunition could run out anytime now.
i have made enough for one or two days. >> the commander took me to a lookout post to get a rare glimpse of colonel gaddafi's men. they were across the sand dunes about two kilometers away visible with binoculars and perhaps watching us, too. the rebels want to flush them out so they can push on toward tripoli. the capital is just 1.5 hours away, a tantalizing prospect. the fighter said, to get there, the least they need is bullets. >> just as the fighting continues in libya, so it goes on in syria, too. security forces have shot at at least 11 people after protesters took to the streets to demand an end to president assad's regime.
government forces increased their grip on the city where there have been the biggest demonstrations. our report is in lebanon and filed this report. >> in the direction of syria, is a closed country. across the border, some of the worst fighting has been going on in this city. syrian television, government control, shows this picture of the city showing things are quiet. the worst -- viewers are told that the demonstrators are violent. tonight, an opposition supporter denied that. >> there were no harm to people. we want our rights. >> tens of thousands of people
have been demonstrating across. today, including a city just a mile -- a few miles from damascus. bbc has verified these pictures. from lebanon, i got through to of the manite ophone who called. do you think being government of president assad is going to be overthrown by the demonstrators? >> there will be more clashes. there might be a civil war in somalia -- in syria. >> this country, lebanon, knows all about civil war. there is a lot of nervousness here about any spillover from the syrian troubles. in beirut, there was a small demonstration by supporters of
the president assad regime. some lebanese politicians take a strongly pro-syrian line. it must be difficult and embarrassing for somebody like you to defend the government which shoots down its own citizens. >> internal forces are working against the president. he does not want war. if the city falls, it would be totally fragmented and would de stabilize the entire region. >> it is beginning to look like things have gone too far for a compromise solution. the government cannot back down without surrendering completely. if the demonstrators were going to stop, they would have stopped already. people on both sides are starting to warn about the possibility of civil war.
no one seems to know how to stop it. >> in the face of such apparent brutality by the president assad government, what should and could be international community do? i spoke to a man who served in the u.s. state department. >> recently, the u.n. condemned syria. president assad was warned. it has been five months that this violence has been going on. what do you think could or will break the stalemate? >> you could draw the internal model of libya. and much more coordinated and decisive action. discreet attacks against libyan military positions. sanctions. you have a situation in which the situation remains unchanged. the opposition appears to be more divided than ever.
>> the u.s. and nato have no interest in going to syria. >> too big to fail, some would argue. i am not sure that is what is motivating the obama administration. they are concluding that president assad is no longer capable of rebuild station -- capable of rehabilitation. it is an unconscionable policy to deal with a weakened president assad without reform. what the administration is concerned about is managing the transition how long is it going to take assad's term to head south. it would take a fracturing of some of the essential elements, most likely a break within the military structure. not within the family or the intelligence services. but within the commanders who
are responsible for doing most of the repressing -- zero pressing. until that happens, there will be a long movie. there will be little that we can do. some argue we should make a point even though we cannot make a difference. we should make it unmistakably clear to the world that president assad has to go. >> what happens if he does go? who sells the boyd? -- the void? >> in our relationship with the family had been a productive one and if syria had not back to the insurgency in iraq, if it had not sponsored hezbollah and hamas, if it had not a withholding review of peacemaking in the late 1990's, you might make the argument that the devil that exists now is much better. we have not got much of the syrians. if i were advising the secretary
of state, i would say rolled the dice. the situation in syria cannot be any more aggregating, and knowing, and detrimental to american policy than the one we have not. if president assad goes, it could, over time, lead to changes that would enhance the possibilities of arab/israeli peacemaking and containing iran, and freeing up the lebanese from the kind of prison from which they have been living in these many years. i am not writing a policy breeze. there are serious risks. the notion that president assad is too big to fail and the u.s. ought to be encouraging that view is wrong. >> let's check some other stores. in the cuban supreme court, they have upheld a 15 year jail sentence given to a u.s. citizen for illegally bringing in satellite communications equipment.
the convicted man say he was trying to help the cuban community. lawmakers here in washington have sponsored a bill that means federal aviation employees can return to work. the deal is a temporary fix that allows the faa to continue operating until september when congress returns from its summer recess. the two week shutdown cost the government hundreds of millions of dollars in lost airline taxes. chilly is marking -- chile is marking the first anniversary of the mine collapse that left many miners underground for two months. it to an -- the chilean president attended. shooting for the stars. a rather large planets, anyway.
nasa's latest adventure b last off to jupiter. a 17 year old british tourist has been killed by a polar bear. four others were injured in the attack at a camp in northern norway. the injured were flown by air ambulance. >> there lifting the casualties to hospital on the remote archipelago a. one britches' 17 year-old dead and four more members-- of -- oe british 17-year-old and four more members injured. see a bear in its natural habitat is one of the top attractions here.
blogs posted on the expedition website week ago talk about the polar bears they were dreaming of seeing. >> horatio was a fine man hoping to go on to read medicine after school. >> the association that organized the trip is based here in london. holidays to places where parlor bears roam free are dangerous. but the polar bear habitats are melting. encounters with humans are getting more common. >> there is a lot of open water. they have to stay on the land. they get hungry. there is nothing for them to it. >> the chief executive of the travel company is on his way to
norway, where the injured are being treated. the circumstances of the tragedy are being investigated. >> yesterday, we heard about water on mars. today, it is a journey to jupiter. nasa has launched a rocket carrying a solar powered explore, juno. scientists want to learn more about the plan. they think it is the oldest in our solar system. >> 3, 2, 1, ignition and liftoff. >> that stuff for a mission that will try to unlocked the secrets of jupiter. juno left on an atlas 5 rocket. a project that cost $5 billion. the mission will take five years. those behind the mission hope it
will give them a wealth of new information about the planet's composition. jupiter is the largest planet in the solar system. scientists believe is the first to be formed. knowing about its structure and make up its key to learning about how other plants involved. >> scientists have been waiting for a long time. juno is going to do several things that no on the spacecraft has done. it is going to give us a few of the planet we have never had before. -- view of the planet we have never had before. >> to collect new data and images, juno will have to conquer particular challenges. before it even gets to jupiter, juno will have to cover a
distance of almost 2 billion miles. the probes are getting ever more sophisticated. these are the latest pictures taken by a march reconnaissance orbiter. there are suggestions of liquid water flowing on the planet during the martian summer. >> this is the best evidence we have of a liquid water occurring today on mars. we know mars has a lot of eyes. but this is the first time we have seen the potential for liquid water. >> the findings of this research asked for proof of flow water. nasa is sending another craft to mars later this year. >> a slightly shorter journey to the scottish capital of new mexico borrow. -- scottish capital.
this year, records are been broken as 600 comedy acts take to the stage. >> opening tonight, a window into the mind of china. romeo and juliet. it is a spectacle of pure entertainment. there is another question behind it. what do we really know about china and east? in the days of china's cultural revolution in the 60's and 70's. this show would have been unthinkable. today, china has a different cultural mission. >> the idea of making a producing music for two years.
we want to presented to the whole world. >> the festival will also present interpretations of the tempest and king lear. a general louring is happening in asia. -- flowering is happening in asia. unless you take the time to delve underneath of what the culture is about, you do not fully understand where they come from, what motivates them. >> for instance, laughter. korean shows will hire a, a doctor to help them navigate odd sense of humor.
>> do you think britain knows anything about correa? >-- korea? >> no. >> meanwhile, swan lake will tour britain. >> chinese cultural diplomacy hard at work. that brings today's program to a close. you can always find constant updates on our website and see what we are working on. make sure to check out our facebook page. from all of us here, thank you for watching. have a great weekend. we will see you back here on monday.
>> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you?
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