Skip to main content

tv   [untitled]    April 3, 2012 12:30pm-1:00pm EDT

12:30 pm
eight thirty pm tuesday night here in moscow these are all top stories at r.t. the russian capital rocked by two major fires in the last twenty four hours was seventeen killed in a marketplace in moscow and deadly inferno coming hours after flames struck the top floors of a business tower two in which no one was injured. india's army has been shaken by a major corruption scandal involving the country's military chief its schools in reshuffle among india's foreign defense suppliers which could possibly give russia
12:31 pm
an upper hand out. of prison in the bed of science a new law relaxing the registration rules for political parties here in russia and eggs to diversify the country's political landscape but still a spark criticism from some opposition leaders who say they'll be too many factions bidding for power. eight thirty one on the button next r.t. talks to a problem and american economist about the current state of the world's financial plight and where it could be heading next. party sitting down with richard wolffe american author and professor at new school university his new book occupy the economy challenging capitalism itself in the next few months mr roth thank you very much for same count to speak with me thank you very much for giving me the opportunity to years ago you said that the crisis will take not just a few years but much longer to overcome it is a common belief that the so-called financial crisis is basically over the one that
12:32 pm
started in two thousand and eight so where do you think the u.s. economy is right now i think the way to answer that question is to recognize that this crisis is a crisis of the entire global system and where it is extremely bad at one moment it will be relatively easy or another as the symptoms move around for example the united states was in much worse shape in the first two years two thousand and eight and two thousand and nine compared to europe two years later the years two thousand and ten and two thousand and eleven reverse the united states is not the extreme problem europe is and the financial crisis that we talk about is as severe today in europe as it ever was in the united states the banks in europe for example are in such trouble that almost no days goes by in a european major newspaper where someone isn't talking about will we have our own lehman brothers type of collapse the way we did here in the united states for both
12:33 pm
of the periods the two years the miracle was worse of two years that europe was worse brazil china india russia the bric countries and so on we're doing real well there now in trouble so my advice is for americans count your chickens that are not hatched be we're the crisis that was buried here then became dead somewhere else is heading back here to give us as many problems no. as we see the europeans having but we'll have them a little bit later the housing industry in the united states big improvement until about a year ago where it's flattened out and now it's going down and that isn't as important a shaper of the future of our economy as ever the uptick in the automobile industry is so the jury is out it's not at all clear that we are anywhere near out of the woods and it would be even more difficult for americans if they got their hopes up at a time when there really isn't yet the the foundation for doing so it was brought forward
12:34 pm
to the united states after the crash. itself that is the case where is george w. bush and his successor obama doing the right thing by pursuing morris' and in some cases currently considering alliance well i think the difference is in world war two putting aside the specifics of that particular war the technology of warfare meant that if you're going to fight a war you're going to need millions and millions of people we had millions and millions of unemployed people we basically took half of them in one thousand nine hundred forty one and put them in uniform and the other half we put into factories to produce the uniforms and the guns and the bullets and all the rest today warfare for political and technological reasons does not require large numbers of people it is both politically too dangerous to get large numbers of people involved and it is not necessary for the kind of high tech warfare that we now specialize in as
12:35 pm
a nation so warfare isn't going to do the job the wars in afghanistan and iraq and even the one threatened with iran now are not the kinds of war that will soak up the unemployment in the united states and so it doesn't represent itself as a solution you're going to have to find some other way to take masses of people and give them work and i don't think the private sector is up to it we've had five years in which the president first bush and then obama. told us about the incentives they're going to give the private sector to hire people the inducements they gave all those incentives they gave the inducements and the private sector basically decided keep the money keep the incentives to hire the people so at this point if you aren't come up with a real employment program you're not going to deal with the problem and war isn't going to do it unless we are thinking on a scale that is really outside the realm of what is safe for even gung ho types how much do you believe the global economic turmoil that the world is currently going
12:36 pm
through is a product of wall street as oppose to main street let me be as strong in this as i possibly can because i've been asked this question often this is a problem of our economic system it is not the fault of wall street more than it is of anybody else i understand on the left in the right and even in the center there's a desire to pin the the donkey the tail on the right donkey find a scapegoat blame somebody so if you're conservative you blame poor people who take out mortgages they can't afford if you're on the liberal side you're angry at the bankers who after all gave them those mortgages out of their own greed and their own desire to make a buck i don't think that's the way the game is played i think poor people middle income people and rich people try to make a way for themselves in the system according to the way the system works bankers do what the banking system has them do and the same applies to everybody else when all the different people in a system act according to the rules of the system and the outcome is
12:37 pm
a bad arrangement then it's the system that's the problem occupy wall street market really. could have crack obama the political support to deal with the one percent if he wanted to why hasn't he done that my feeling is that i don't know barack obama that well put that if he were sitting in the room he would answer something and i think i'm persuaded by this answer if the occupy movement were stronger. if it had been going for several years rather than for several months and if it had gathered the kinds of support that for example was gathered to push franklin roosevelt to changes politics in the one nine hundred thirty s. then i think mr obama would have done or would do the same thing franklin roosevelt was elected in one nine hundred thirty two as a center of the road democrat rather like mr obama he came in talking about balancing budgets and all of the rest he came here about giving incentives to
12:38 pm
private employers to hire within a year and a half of taking office he goes on the radio and says the private sector has not hired the people we now have tens of millions of unemployed the unemployment rate in the winter of one nine hundred thirty three thirty four was twenty five percent three times what it is today. but he said ok if the private sector isn't going to do it i'm going to do it and when he was asked her how dare you he said there is no option he said look around you the cia oh the congress of industrial organizations was organizing tens of millions of american workers it was the unionization drive we had never had before in american history and we've never had it since seizing occupy wall street hasn't taken up here that's right well it's not big enough it's not cohesive enough it hasn't cracked enough people it's gotten majority support in the polls the sympathy is there but you've got to translate the sympathy into the
12:39 pm
mobilization that could go to obama and say you must do this or else in the u.s. and in europe we pay pal outs coupled with our sara the national center at the end of the day it's the people there can screen east and suffering across the board on how much longer can that continue if the sixty four trillion dollar question and the answer is it will continue only so long as the mass of the people permit it it is in a sense a game of course the greece situation in greece which is a kind of touchstone and they're all americans should pay attention to because if we're not very careful that our future being played out before us yes greece they can't pay their debts we can't either the debts of the united states today we are the largest the most heavily indebted country in the world our debts are in excess of our g.n.p.
12:40 pm
that's the problem that one problem got bad for greece when its total that one above its output we're already there we have a very serious problem we do not have a plan for solving it any more than the greeks the the hope of the rich and the corporations is that they can get enough time to kind of work it out disperse the costs among the people and maybe slither through the risk. that they will have miscalculated and you can see it already in the eyes and in the words of certain of them warren buffet in the united states one of the richest people warning the rest of the rich people in america pay more taxes give the government the wherewithal to help people or else the system that made us rich is going to collapse those are signs of warning that ought to be taken a lot more seriously than the dismissal that his fellow wealth the people have mostly given it you know for a long time in the united states the ideology the ruling way of thinking is if you
12:41 pm
make the money. lord knows how you do it if you make it it's yours and you're entitle to it and this myth our gee this notion that i have the right to hold on and to make as much as i can and to keep as much of it as i possibly can is making everyone who plays in this economic system all of the part with it if i'm if i'm not forced to i'm not corner so whatever gets done don't touch mine don't touch not with that mentality you don't face the seriousness of the problem and you run the risk as botha and others have warned it is not the only one if you don't you will miss a chance to give up a little and you'll pay the price of having to give it up altogether fun it is capitalism have a future but you know the great defense of capitalism all my life as a professor of economics and in the united states the ultimate offensive capital of them was always well yes it may have this or that floor or point capitalism
12:42 pm
delivers the goods the rising standard of living american working people have a car a vacation all the rest ok let's give capitalism that for a long time it delivered the goods with its flaws but over the last five years it's not delivering goods it's still living one bear for another falling government services falling real wages falling employment opportunities rising debts for our students rising debts for our people i mean at some point the very system you gave praise to when it deliberate has to be given the criticism when it doesn't otherwise you're not being serious and i think we desperately need to ask and answer the question is capitalism whatever its virtues in the past able to deliver the goods now and if not and i think it's clear that it's what changes have to be
12:43 pm
made or maybe are we. finally mature enough as a nation to ask the question can the united states do better than capitalism and your book coming out now called occupy the economy challenging capitalism k. great answer some of those yes i tried to show some of the new ways to organize a reorganize our economy that would avoid the problems we've now seen and learned from our experience and begin to move in a different economic direction and i think that's a reasonable way i don't expect everyone to agree but what i mostly hoping for is to reignite a national debate and discussion like those who like capitalism defend it but those who criticize what's wrong and offer some alternatives and i try to do that in the book and i have to leave it there thank you very much for setting out our take my pleasure thank you.
12:44 pm
the filmmaker. and. the. directors cause real life in prison on the margins. i.
12:45 pm
was told stories the russian capital was rocked by two major fires with seventeen people killed in a marketplace moscow's outskirts and the deadly inferno came after flame struck the top floors of a business tower at the weekend too much snow removal injured. india's army has been shaken by a major corruption scandal involving the country's military chief is causing a reshuffle among india's foreign friends surprise which will possibly give russia an upper hand. also president of bread of sons of new nor relaxing registration rules for political parties in russia to diversify the country's political landscape still spark criticism from some opposition leaders who say the too many
12:46 pm
factions putting in power. for chelsea lawyer from moscow. thank you for joining me for the choose and i support around the country to have on . a must win game for scar in moscow this tuesday as did i need just one more playoff victory to go through to get our in cup finals we're into the second period . while italian job holders barcelona prepare for a must win game at home to ac milan in the second leg of the champions league quarter finals. and in the highlands tiger woods is favorites to witness chris masters title as the stars of gold prepare for the first major of the year actually guster. but let's start with ice hockey and play elsewhere and i'm moscow are on the verge of reaching their current cup finals. for the fourth straight time this
12:47 pm
tuesday night and it looks like a one way street for deny their own luzhniki stadium these modern day of the net is a cracker to get me capacity crowd on a speech just five minutes in length and i double bellied midway through the opening period after the top and nice in things that i did on the powerplay and just five minutes later no need to come out all that spawns half the skull going stuff that gets again for a short time the goals competent got every goal and then again at least in school within three minutes of each other before anything completed a hat trick to get the hosts a six mil read in the second period well meanwhile on monday i've been gone through three two one series lead against grant so often you know no one will win on time i see the hosts who are without forty run on their thank you there is the prophecies and points leader but they didn't need him a surrogate i mean instructor soon after the first interval his goal of making all the difference and not to give up on god and really seriously that's all from now you're going to go nuts off could have sent the game into overtime but his powerful
12:48 pm
last effort to save my career almost goaltender notching up his first season shots after. are you going to focus on and the champions league resumes this tuesday evening and i don't know when we'll do the defending champions barcelona take on ac milan and they count in the second leg of the quarterfinal a goal a store in the first leg means milan need only a score draw to go through to the last four so the game one of also this great poet and he needs to win to reach that successive semifinal and form his own last night as their own base fourteen home games with twelve of those in the new victories because it is about the most important one i think this is the most important game so far this year because if we want to remain in the champions league we need to win this is a final nor room for mistakes and it is difficult to manage stars you know because we score first we need to persist and score more because of the run the result you're suffering every single moment you know richard clarke a lot but also i mean the julians in our area were special oh me well done have
12:49 pm
another case of the new contouring a training session on monday the last time the series out leaders were here was in september when they drew two two with barcelona in the group stage and their captain is demanding another positive performance. of united. game will have to be faced with courage because that is you only way to face barcelona to face them one needs to gain possession of the boy and all the rest comes in second place to come to the stadium and face barcelona with bravery is the first thing to do in football anything could happen to him but he chooses other second leg seized by in munich host moss say the german giants are the favorites as they hold a two goal advantage from the away leg and have won their last seven games however the misses spending midfielder best in trying to tiger and believes the job is only half done. and assistance was rumored for the result from the first leg is good good we haven't reached the next round yet just like we scored two must see they can score here so we have to sleep very focused who have to show the same quality
12:50 pm
as in the last game and over the last few weeks and then i'm. we'll get you through the next round give us your war room well despite that portion marsay have it all to do the french side are ninth in their domestic league and have lost eight of their last nine games in all competitions however last weekend's league game against leaders more barely eight was suspended allowing men to prepare for their trip to munich and they still believe they can cause an upset surely should she be chosen if i'm going to choose something worth all the team have to play and your votes collectively and individually like in every match we have are worried years of what we would like to do what of course we have to implement those storms of the . nine time european champions rail madrid are full of respect for that unfolded of iran's oil nicosia ahead of their clash of the burn about on wednesday there's a growing years men did all the hard work last week by beating apple well three nil in cyprus so nothing less than
12:51 pm
a minor miracle could prevent ray out from going into the semifinals after well need to win by at least three goals you can drop the upset right now have conceded three goals in a match just twice this season both times against arch rivals barcelona while in wednesday's other second leg chelsea are the favorites to advance to the expense of benfica the blues hold they won the advantage and the comfort of the way gold last week's first leg in portugal and the english side have been hitting a rich vein of form since without a diva taylor to go first caretaker manager a month ago their latest win was a hardcore fourteen victory at aston villa on saturday. and in the meantime italian football and the island has been arrested after reportedly admitting to much fixing the twenty six year old defender who now plays atalanta was taken to the prosecutor's office in bari on monday while legal officials say eight his former bari to raise are also under investigation to find out nine matches from barry's syria campaign last season are being looked into including the doggy with which us
12:52 pm
yellows own goal to nil to avoid relegation with reports they must yellow has admitted scoring on purpose in return for one hundred ninety thousand euros. thousands of pounds of have a sneak preview as the stars prepare for the first major of the year the masters which starts at the gusto this thursday four time champion tiger woods is the favorite after claimed his purse win on the p.g.a. tour for over two years i triumphing last weeks on the other invitational although for the american public what i come from of players are in contention the kind of green jacket as we know the last three years anybody has a chance to be number one and if they're playing well five guys have been playing great all year obviously tiger just when you're going to be up there again anyway it can be true for tiger tiger knows his course pretty well you know the course he's won a few times so obviously he's going to be a player in that list there's about five guys that are going nose nichols and obviously when you're a few times there's a few guys are just playing good all the time and obviously i was playing pretty
12:53 pm
good down as always been playing good so you know there's a handful of guys that we have everybody knows about that has a chance. it seems the sport of skateboarding has found a new star after a twelve year old boy performed a trick that's my history american talking shop pulled off the title last week and that means the youngster spun three full circles in the air before landing back on the ramp. just like attempts to get into the history books is no mean feat skateboarders of all ages have been trying to do the same for years and compete on the first at nine hundred two and a half aerial spins was enough for tony hawk to shoot to prominence thirteen years ago and has since become the sports household playing. and let's end with some russian premier league football on the weekend to isn't it stretched their lead to nine points and start now slipped to the bottom there were sixteen goals scored and here's the bigger than scholes little. live
12:54 pm
live. live. live live
12:55 pm
. live .
12:56 pm
12:57 pm
that's all the sport is just i think. it's technology innovation all the list of elements around russia we've got the future.
12:58 pm
12:59 pm
more news today boylan says once again flared up. these are the images go girl has been seeing from the streets of canada. trying to look for a shot so relieved a. mug. wealthy british soil the sun. is not on its right let's go.


info Stream Only

Uploaded by TV Archive on