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tv   [untitled]    August 5, 2011 4:01pm-4:31pm EDT

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all. in india in the movie the joint the hotel. is the gateway hotel the grand imperial trilogy told us to.
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go and. read this in the hotel treat. for food markets struggle to. a world wide being scooped by the weakening us economy and debt. in my private conversation with the president of syria i discussed the same ideas of reforms need to be carried out and if he fails to do that then a senate future awaits him president medvedev syria's president is at least ten people are killed in new mass protests following friday prayers. and former ukrainian prime minister yulia timoshenko was arrested for contempt of court during her. trial sparking unrest outside.
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international news and comment this is r.t. live in moscow it's just to midnight here in the russian capital good to have you with us this hour world markets are clawing back their losses but remain unstable after the sharpest falls since two thousand and eight that decline raised fears of another wave of the global recession amid the slowing u.s. economy and the debt crisis artie's daniel bushell is following the markets from brussels. but your a virus is spreading to new countries france and belgium next day yields have hit record highs against germany's the u.k.'s financial services authority has asked british banks to reveal how much debt they hold in belgium on fears that that country could be next italy and spain have entered crisis talks with the e.u. as they yield critical new highs so now you have investors pulling out of france italy and spain. and fourth largest eurozone economies and that is why
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the investors in the markets are panicking the moment the leaders of france spain and germany are holding an emergency teleconference to try and stop the open rails and to coming out the top you have italian prime minister silvio berlusconi and his finance minister openly disagreeing on this solution solutions to the crisis and the e.u. president jose manuel barroso slammed on discipline communication by e.u. leaders for making the crisis worse and germany is furious at such an open attack this time when it's already critical as in europe we've seen the america really suffering and raising the debt ceiling doesn't tackle the key problem which is making the problem worse given the more debt and their economy is weak because they know the euro nor the u.s. have really started to tackle that key issue yesterday was the wall street. years
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there was steep slumps in the share price and there are now fears that america will go back into recession which would strongly hit not just america but the whole world economy and the u.s. and europe politicians keep trying to reassure the public that everything is ok but it's investors who are really making decisions they're the ones that are pulling their money out of these markets and they're saying that they don't they don't like the situation at the moment at all that you bushel there will for more i'm joined live by jeff stein of the u. . executive intelligence review magazine thanks very much indeed for joining us let's talk about the situation in the u.s. first we've seen good news about the job numbers there putting the markets back on track to some extent but is there any potential positive news you can see ahead to make any difference to the situation. not to do what we did john data is fraudulent because the main factor to take into account is that nearly two hundred thousand
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people were removed from the jar market because they've been chronically unemployed and frankly given up on trying to find work so the actual unemployment figure of united states is somewhere actually have the city of twenty percent and if you add in those people only working part time that figure comes somewhere between twenty five and thirty percent it's depression level collapse and the austerity measures are not going to help furthermore the u.s. and european crises are now unavoidably intertwined in a way that website was back and forth across the atlantic the big six new york banks are sitting on one point five trillion dollars in spanish and italian debt alone and when the european interbank lending work its froze up over the last forty eight hours as happened in september two thousand and eight it was the us federal reserve that opened up an overnight lending discount window directly to european
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banks so it's a single transatlantic crisis that will not be solved within the terms of the current system whatsoever worse than two thousand and eight so all we're going to see a second global economic recession taking place and that can be compared to two thousand and eight its worst in two thousand and eight because it's a continuum from two thousand and eight there's been no real recovery since that point the big new york banks are facing worse volumes of non-performing toxic assets now then they had at the time of the collapse of wave in brothers there's four and a half million additional foreclosures either having occurred or pending in the united states and all. all of that means that the banks are in fact hopelessly bankrupt they're still up here in washington the bank of america and citi group two
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one but largest of the big six are in desperate straits bernanke is talking once again about the need for one to take it easy three to bail out both the u.s. and european banks and unless there's a fundamental bankruptcy reorganization for example starting here in the united states with the reinstatement of glass the breakup of the too big to fail banks and the separation out of the speculators from the normal commercial banking activity there is no hope whatsoever for the entire transatlantic system to recover in fact were about to hit a rock bottom situation that will be looked upon in the future is worse than the great depression of the thirty's who's to blame for this the politicians we've seen that political wrangling there in the states and of course the inaction and indecision by the the e.u. leaders here is that was really caused the crisis in confidence. there are two
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reports one that was true story of the injuries commission in february of this year five hundred pages and another report produced by the senate permanent investigations committee under senators levin and coburn who are recently that lays out in great detail exactly how the process of deregulation the encouraging it wildly leveraged speculation the lack of regulatory authority agreements between wall street and the government that no bankers would be prosecuted it's a sorie story and it really goes back to nineteen ninety nine when the gramm leach wifely act in the united states repealed glass steagall and created this speculation the engine too big to fail banks that are right now once again teetering on the edge of complete disintegration there's a bill in the united states house of representatives h.r. fourteen eighty nine that would simply reinstate plastique will and other members
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of congress are saying that in addition to that we should repeal this bill nonsense and go back to the kind of emergency measures that franklin roosevelt talking one nine hundred thirty three when he first came into office without some radical change in policy like that. this system this transatlantic banking system and when the real economy of the united states and europe are in fact doomed and that's fair play out over the immediate weeks and months ahead now how will this play out on ordinary people then you're painting a very bleak picture but how does it affect those who think what i've got nothing to do with trading in the markets i'm just going to get on trying carol when my job in life as usual well there is no life as usual in the united states at this point that it's going to hit europe equally hard as i said the real unemployment and underemployment figure in the united states combined is somewhere around thirty
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percent by and large most american households all of their savings into homeownership there's no savings in the banks for most americans and we've had a thirty percent collapse and home valuations with no end in sight so the american people are very there was a poll issued by c.b.s. news today that eighty six percent of the american people believe that the congress has completely failed president obama's numbers at one point yesterday his approval ratings were down into the single digits and this is after the so-called solution to the debt ceiling crisis people are furious with washington the states by and large are bankrupt you're seeing cutbacks in fundamental services police fire teachers sanitation so where heading into a situation where the mystery is affecting the american people beyond me upper one
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percent the super rich in a profound way and they also look at their children and grandchildren and they see no way out barring a radical change in policy my boss mr rouge is doing an emergency broadcast this is your new i'm going to address to the american people. all i want to immediately do and this reinstate it because it's the necessary first step towards really the taxpayers of responsibility to wall street leveraged. so long as they can believe it is carried out on the books of the american taxpayers in the federal government is no way out all right jeff we'll have to leave it there thank you very much jeff steinberg senior editor of us space executive intelligence review magazine joining us live on the web in virginia in the usa thanks for your time. president it is urging syria's leader bashar assad to kick start reforms and end the violence in his country before it's too
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late to me to me it was giving an extensive interview to on t.v. as well as muscovy radio and also georgian t.v. channel peak here's a preview for you and the full version of that interview is coming up in about an hour from now. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments gadhafi gave violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideas reforms need to be carried out he should establish peace with the opposition establish peace in the country and create a modern state if he fails to do that then a sad future awaits him and at the end of the day we'll have to make our decision we are watching the situation it is changing our guidelines are to. and indeed that
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interview in fact will be coming our way in about twenty minutes from now and not in an hour meanwhile syrian forces say they are succeeding in crushing an uprising in the city of hama reports say a five day crackdown has left over two hundred dead despite that people took to the streets in other parts of the country with troops reportedly killing thirteen protesters nationwide on friday international pressure is growing on the syrian leadership to stop the violence the u.s. says it's working on new ways to try to influence the situation beyond just sanctions. and rest has broken out in central kiev after a ukrainian judge ordered the arrest of former prime minister yulia tymoshenko citing contempt of court and she's been on trial since june over alleged misuse of power while signing gas deals with russia in two thousand and nine ati's alexia cesky has more now from the ukrainian capital. a decision by judge in a key of course ruled that units in a chunk of ukraine's former prime minister is now placed under arrest now before that she was forbidden to leave the country now she is taken to
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a detention center and that's where she will spend her time until the trial comes to and then certainly the atmosphere inside and outside of the court building here in central kiev has been electrifying over the past several weeks or so ever since the trial started in june supporters of units of a second have been flocking here several hundred of them are now here protesting the decision which they believe was politicized in the case itself they believe to be ok straight there by the country's president viktor yellow color which now the atmosphere inside the courtroom reminded of the times in ukraine's politics when there were sporadic fights in ukraine's parliament fighting pushing and shoving accusations those scenes we've seen inside the courtroom for the past several weeks to today this certainly was the culmination when the judge ruled that timoshenko was to be placed under arrest the supporters of the former prime minister as well as several deputies of the country's parliament tried to block the armored vehicle
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which was to take huge machine go out from the building to the detention center to in fact block this senseless even tear but then the policeman managed to disperse the crowd then the bus started to move with no problems whatsoever and that's all the main stories from for the moment i'll be back with the summary a little later arts and culture program moscow out is next.
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hello and welcome to the program on this week so i'll be exploring one of the oldest and largest museums in the world and will be taking a day trip to the pizza hut palace with its impressive gardens and fountains founded in seventeen sixty four by catherine the great to have its paws here post them in three million items in five historic buildings this is one day trip in st petersburg you cannot miss out on. most visitors journey started here at the british teaching jordan state case full of lies and gleaming with gilding and nearest say case extends for the whose fate of the winter palace its golden white system designed this retreat base of course will follow. you can see here the
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location of the home it's mostly created on palace where the buildings and in principle saw along the embankment of the leverage a built in the eighteenth century by the italian architecture strelley it became the home of katherine when she ascended to the throne in seven hundred sixty two over the centuries the pascua larger than a theater and various new buildings. isis approaches and to a native is held by the transit century to heaven as one of the largest museums in the world. a lot of this museum from what i have read but this goes far beyond my expectations using credit is the same thing. that you can only dream about and it's absolutely fabulous since like two for one thing. art and the building all together it's just. this museum is incredible we had a great tour guide and she showed us just a small piece of it but
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a small piece we've seen is just incredible we have a private tour and i think it's better we can see a few more things get better understand. things they always have to like. the palace boasts almost two thousand windows and over a thousand elegantly and largest decorated pools and rooms many of which are open to the public. it is estimated that to see the exhibits in the home it's raj you have to move twenty five miles perhaps even a little fascinating at least for those interested in riches glory days if not just washington says all the exhibits eliminating russia's imperial past also the rundown of the hermitage treasures would be complete without mentioning the museum stimming collection of western european art which states will thirteenth century onwards michelangelo money goes matisse. collection is like who's who of parts history. the hole on the floor was designed in an eclectic stop by and they
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stuck inside the eight hundred fifty eight in serious here are just breasts aching it occupies the northern territory of the small helmets and that the main focal point is this amazing peacock clock. from seven hundred ninety seven to the present day the peacock cloak the symbol of the hematologist most famous exhibits the figures of a peacock called cool and the form part of this elaborate fine piece of the tin with mechanisms that set them in motion today so it's one of the few of its size still in working condition. to see how trust everybody was but it's really interesting to see so many people from different places gathered together to see something so unique. is a beautiful especially when the captain around it isn't me. you can see the famous collection of antiquities including a large number of gold artifacts bracelets rings earrings and male and female
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clothing decorations. lived surrounded by wealth and luxury. the gold ring here date back to the fourth millennium b.c. gold in russia became popular liberia and the black sea the wealth and of course it's high and abundance of gemstones the spot behind the splendor of york courts while your precious stones were only on ladies' clothes in russia many women in self. dignitaries studded with gold and diamonds only in russia. western painting sculpture and applied a prehistoric period to the early twentieth century is displayed in hundreds of holes if you do visit. or a group. he calls information. it's come in several languages is true is given a number which you press when entering you would simply be lost without
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a guide of some sort in the hermit's harsh one of the highlights of the museum is the collection of paintings by leonardo da vinci called madonna and child it was rumored to be painted in the land where the artist lived in fourteen eighty two the image shows a beautiful. child a personification of maternal love their work so they are not a left in the world then we have in this museum i entitle to my. very famous voice elegance and beauty and it was a challenge i remember from my. textbooks at school. when i searched for the first time. this museum and one of the best. even if you are not an awful story and only be impressed with what the home is harsh as on offer. as a museum and a grand palace unworn a visit to the state hematology said petersburg is something you will never forget . leaving the hermitage now let's continue our
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journey crossing the street to the riverside next to the hermitage and you'll see very spent stands and a large jetty this is where we'll catch a hundredfold boat to peterhof the journey takes twenty minutes and is much faster than travelling by car or train you can see on final destination they are in and we have to travel around the entire coastline to get to the world part in a state taking a boat or fast wonderful to the area called put to rest because the journey time down considerably. here we are. just in it was about it because of all the state museum reserved peterhof is a big complex which includes the palace of peter the great instrument the alexandria park upper and lower parks and peterhof and also parks and palaces in
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all ramey embalm each year more than four million tourists visit peterhof on the earth is named one of the wonders of russia when you plan your visit here make sure you've got the whole day just early enjoy it this is silly. in my opinion this is one of the most players taking sides in russia. the past imparted peterhof often referred to as the russian aside. the french palace was the inspiration for peter the great desire to build a similar complex in the suburbs of his new city the window to europe. peter hall which means peace is close in german busy truly popular pieces ground to impress elizabeth who will do the expansion of the grand palace. peterhof was ravaged destroyed by the german troops during the sec. it was the first to be resurrected and thanks to the work of military. thousand volunteers.
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nine hundred forty seven the most famous founded on someone peter hall is the grand scale here with dozens of water jets creating this breathtaking view surrounded by impressive gold statues at the center of the famous some sin fountain resting in the jaws of a lion erected in the seven hundred thirty s. it was built to represent russia's victory over sweden. the grocer behind the great escape which is once used. contains the in the mist pipes originally wooden the feet the fountains most visited a stack and when they were told the fountains were only to the use of gravity. it's really beautiful actually more so than we thought looking at photographs that we saw people again definitely worth a visit beautiful beautiful and it shows a lot of russian history i like it i think it's. still you know more than three
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hundred years ago and it's just. a lot of the alleyways and the and the pox and the amazing fountains. for example to see is not just because it's very very. spectacular parkland piece of golf is remarkable for the shia variety of styles encompassed its layout the features. on the gardens is a must for every visitor. representing nearly two centuries of european socratic fashion execute to the highest standards peterhof is like an encyclopedia of design . remember to bring your camera and the transmission is not included when you pay if you harder for john to. come rain or shine. a trip to the venice of the north will be something you'll never forget. from the goose bumps the first time you enter the hematologist dazzling stag case with
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a single rainbows created by the grandkids skase fountain in peace hall school st petersburg consumed involves reconstruction a says simply. as you can see the stare we tell has come to life and for those who have been to see the magic of the of the council i suggest you come here quickly to school. counselor. absolutely spectacular one of forcefully that's all the time we have from some of the most beautiful attractions here in st petersburg i'll see you again at the same time next week so until then for me and the rest of the crew from pizza health bye bye for now. clue for.
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losing. the people of the united states. no friends and allies will not live at the mercy of an outlaw regime that threatens the peace with weapons of mass murder is a regime has an active program to acquire and develop nuclear weapons and let there
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be no doubt about it we know for a fact that there are weapons there. this were just being carried out into the direction of dr david kay respected scientist and former u.n. inspector was leading the weapons search in iraq we are determined to take this apart we have a tremendous a group of dedicated american men and women involved in this with the best assets of the intelligence community can provide. data cheney is not going to be done with this for quite some time david kay wants more time and he says it could take another six to nine months to make a definitive finding ministration is asking congress for hundreds of millions more six hundred million dollars to fund a continuing search have not yet found shiny pointy things that i would call a weapon before we can draw from conclusions we need to let the iraq survey group complete its work. we were all wrong probably in my judgment. and that is most disturbing. sometimes the true
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patriots takes the unpopular caress that helps their country and wooden stakes and even if they come this way at least from tonight patriotism is the last refuge of scoundrels and i think these are scoundrels they have no argument now they have no defense for what they did the country is in a terrible international security situation that i think is perilous so they're attacking the patriotism of other. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing up for a chatroom.


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