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tv   [untitled]    November 19, 2012 3:30pm-4:00pm EST

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yes the local administration is increasingly under pressure to bring the infrastructure up to more than standards if these modernization efforts i'm not very popular with tourists operators if you come into a very authentic place like barnes progress think it should stay the way it is that would be my wish i mean that's the part of the a little you know authentic traditionally opulent. i should not i would not like to have it in a shiny condition to be honest the thing to change even for the better is not always good for business it's something that even a local band has become attuned to when they try to add morning russian songs to die repertoire the audience called all they wanted to hear it was a song comfortably familiar.
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that welcomes businesses make a steep hill they now big pay struggling to pay its dues and improve its image with investors is now thinking of doing that with russian money the british company is reportedly considering a buyback after closing the deal to sell its russian venture to. more detail we're going to cross over to the business desk about to be. so that. i can say is it fair to say that b.p. as investors need this week is the outlook for the company way that glazer is pretty fair to say they do because right now investors are not at all happy with the fact that b.p. has been trying to basically plug the hole in its reputation worldwide after the gulf of mexico oil spill that you mentioned earlier in the program indeed after the deepwater horizon incident b.p. has been doing everything possible to repair its. reputation and so far paid around
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thirteen billion dollars altogether in all the works and that includes four and a half billion that they've just recently paid when they basically pleaded guilty for the for this for this incident one point three in just criminal fines and that's a record some now in order to repair this investment kind of damage b.p. now has to look for some kind of options to keep its investors happy and indeed buy back is quite an easy one yeah but is it the only one is it the only option of buying back that well there is no alternative it is to generate good news all the time of course but that's a much more complicated so much more difficult you can promise new projects new different sources of revenue but volves much harder work when you can just use up four to six billion dollars and that's what b.p. is reportedly planning to do to buy back their own shares from the market at the same time maintain control over the company there have been rumors that exxon mobil
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and shell are eyeing to buy up b.p. despite it being huge a huge company and now that b.p. has a lot of cash from its deal with rosneft then it's able to do that easily indeed it's got a lot of passes it fair to say that russell is beatty's task our well yes and no at the same time because. b.p. investment and came in and ninety's it was around seven billion dollars and in the end they sold it for twenty eight billion dollars of ford ruefully their money that's a very good investment the best so far you plea for b.p. but at the same time you know having sold this business being actually somewhat forced to sell it because they were very they were very complicated issues with russian shareholders in that joint venture fifty fifty joint venture they kind of chopped off the head of the golden goose ok they've made a lot of money you said that it's been a lucrative deal for them. what does the future hold di is it sad say those those
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good old days rise up well actually i wouldn't say that just yet because well if you trust analysis that we've spoken to that's the head of the national security fund and a g. security fund the constantine seaman of he thinks there's so much for the company still in store in russia. more than fifty percent of a sniff it will be in the hands of private investors it's meals that as you say maybe a year in the nearest future maybe it's also the question of two or three years b.p. can buy serious share in their sniffed and we will see it wasna of b.p. instead of b.p. but it will be not maybe it will be not adjourned to ensure it will be really a new company. so i would indeed create a huge market player worth at least one hundred fifty billion dollars now we know it was lucrative they made a lot of money with it inc a b.p. deal we know that but it was also
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a rather choppy relationship as well so why would be pay want to go back into business with ross f. now what's the difference going to pay well definitely if they do go ahead a means to early to say it's just maybe on the table in a couple years. but for now we can just say that b.p. has definitely learned a lesson from the kind of experiment where they tried out with this fifty fifty joint venture but it's kind of a slow auld model when the both companies both sides of the company are represented equally so it kind of really slows down all decision making in the company so they probably want to. go to some kind of other model and i believe that would be some kind of partnership either an acquisition or just a partnership where b.p. provides technology and investment gets a different payback from it to major interesting stuff thank you very much indeed for that we're going to check out some markets now with start with wall street and
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u.s. markets are gaining and that some person expects is housing data and as investors cheer progress in this cool negotiations in the u.s. over the way it had with president barack obama expressing confidence that he will bring a budget agreement with conquest and those comments had a positive effect on the european markets also b.p. as well one of the biggest. on the ports who just chatting about just now piles of the multi-billion dollar share buyback. encouraging news that this fiscal cliff is set to be tackled means that your dollar is indeed gave you can see just me while the russian ruble started trading day action against. the us markets they are today with yes we had or prices. it's always a major effect on the energy dependent russian market and all those involved saying so while we try and make that middle east all rest will disrupt supply now in the corporate side of things russia second biggest mobile operator megaphone has
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nominated a former u.k. fine arts minister as an independent director to the company's board now have a lot of coal miners that still need shareholder approval to get the job mine is not the mobile interest. as a direct. and borage megaphones decision comes days before an i.p.o. it loved a jew to happen this. and if you've found see sorry then it will probably come as no surprise that executives hear dr j. pretty well for themselves forbes magazine has revealed the list of top managers who got the best payments last year and all the names on it. the winner if you like to put it like that warner andrei cost in the head of russia's state owned v. t.v. bank here a paltry thirty million dollars now that figure calculated by forbes not just
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from his salary in the company also from benefits from profit sharing other things like that possible money earned to broader as well. said that that figure is debatable and forbes came back sort of citing how it had calculated that figure we've also keep up the trend with state owned giant alexei miller head of gas prom and igor section darth vader all the as he's called by the russian media both of those figures very powerful search in from both of those earning twenty five million dollars very powerful figures indeed and then back to the banks german growth head of their bank and one time economic development minister fifteen million dollars and bank of moscow had mikhail or because of you of he also earning fifteen million dollars although some are analysts say that that figure might be doubtful because bank of moscow has done absolutely terribly recently and
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has required a huge bailout although it wouldn't be the first time if it was true that a a struggling company or bank had paid its head managers ridiculously large sums forbes says that it calculates the all these figures on the financial results of the companies on bonuses and possible payments from abroad and by talking to things like people like executive headhunters and other sources there was only one woman in the list she came in a twenty third place out of twenty five that's she's the head of bezel company earning four million dollars as the knees for those ladies who got less than that like you were and then move to genuine designer bag found that it probably yes. a major transnational criminal case of money factory and exports and fake in social grounds has been uncovered by chinese place and u.s. law enforcers seventy three suspects have been arrested and twenty thousand fight
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back to brown's that just blew if it's almost confiscated the suspects are accused of selling more than nine hundred sixty thousand of them and staying with business that in a couple of minutes all to sarah talks of you guys for much else of all this checa son who shares his opinion on why there's no light at the end of the tunnel for your eyesight. do we speak your language anything about the war not a. news program some documentary some spanish what matters to you. that will turn it into angles stories. for you here. in troy altie spanish find out more visit actuality.
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hidden sorrow. hope for escape. barely surviving longing for a godsend. they live in a search for gold. why doesn't it bring them wealth. blind. soon which brightened. the song from phones to.
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the screen starts on t.v. dot com. folks. won't come to the show to look at the old fashion but as the best and brightest take my eyes gather in moscow some came to work while others came to play get up close and personal with devices that recreate masterpieces and scan russian treasures from inside and from space to keep us safe from oil spills and forest fires unleash your inner gadget geek as i see major search for the next big thing
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in the computer world and russia's own giant numerous goodies cooping to take the fight straight to their competitors known jumping here on t.v. we've got the future covered. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are the day. it wasn't so long ago that the euro skeptic was a form of insult something to be derided and sneered at but in the midst of a protracted euro crisis with no end in sight and with the case own see within the
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looking increasingly uncertain no one's laughing now we're joined by former conservative tells the lord lawson right from the very start that the european project was in your words deemed to fail so thank you very much for joining us why those words why doing to fail i was trying to warn my friends and colleagues across the european union not to go down this road because it was doomed to failure was doomed to fail because you cannot have a currency union without a political. and you cannot have a political union you know democracy and list the people of the country wish to move away from independent nation states towards. full political union united states of europe which is what the architects of danceable do i live fearful that people don't want to believe and i said they don't want to the great majority of
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the people of your don't want this political union. and they're not likely to want it therefore the currency union can't work and therefore you shouldn't bark on now at the beginning with the euro skeptics that very much lost their opinions last that why weren't those points that you were putting across at the time ignored i think the time. there were a lot of people didn't understand what monetary union really meant or what it would lead to what you've raised no what was necessary if it was to be even half way successful i don't think even with a political union there would be the tsunami benefit but at least you could sustain it with a full political union. but going to happen i believe many people didn't understand what the snouts were there were some people who are well it probably won't happen because this was a sin some years before it was due to happen and people probably would happen and also there has been a. for many years in throughout europe and we truly need only kingdom
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of form of political correctness in which it was felt that anything which was european was a noble ideal and anybody who criticize it was desperately politically incorrect or appear as it was so to the public put it with its basis in peace and democracy if the public didn't know any better he did. i think the principal promoters of it knew that it was a gamble and in my judgment it was a grossly responsible gamble but they were gambling they wanted their objective and they had been for a long time was a full political union united states of you and they thought that the room or slaughter would of monetary would force the political union to arrive and that's what they wanted the reason why it
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was an irresponsible companies because as we see if in fact the peoples of europe don't want to do not going to get a politically then you have an economic disaster and that is what we have now but they of course one of the defects of the europeans the european movement you know by the european people european movement the people the motive of over the years there's been a fundamental contempt for democracy. they believe they know better than the public and large they were the main culprits well there were a number of the architect reluctant although i knew very well he was by. opposite numbers finance french finance minister when i was johnson exactly here for a number of years. very. dedicated man. who believed passionately he was. responsible for it the there were also other game parities
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i don't want to single out individuals particularly there are very imperative as we drove both different ones different crew france and drove germany. and everything happens within the european union is always a matter of what france and germany they are the heart of the matter they are the great alliance maybe to marriage of convenience not of love but it is that marriage which is the core of the european union the germans believed in europe passionately they. felt particularly the older generation in it gradually changing they felt enormous guilt. over the behavior of germany during the twentieth century the two world wars which germany was responsible for and therefore they felt they had germany was not trusted germany had to reinvent
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itself as not being judged new being europe that was the only way germany could exercise a political influence in a political power which was commensurate with its economic strength. so there was why germany wanted to be as it were not german or european it's not so much the case with the german people. it's a political dots and that is why the germans have never put this thing to a referendum in germany because they know that the people aren't with them but the political class the leadership are all of that mind let's talk about the case position within the has there ever been a time when the sit as being so in question now there hasn't not tell you why because the nature of the european union is changing and it's changing in a way that we would never of joined it probably in the first place if it had been like that when we joined and it is having been an organization which was something which we could happily live with it is now moving towards. a different kind of
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organization which we would not want to be part of we would have good relations with friendly relations and trade with the rest but not be part of it if you like it so maybe past its sell by date we say past its sell by date so all we know likely to be a referendum in the near future i think it's quite likely it's not up to me obviously it's up to the government but i i think it is quite likely and the question is really what the terms of the river of them will be what the thing is tense if they well if it look as if the terms of the referendum he comes in we shall see but what it looks is being is a referendum. some way to empower the government to insist on hey repatriation of a number of powers away from the european union back to the member states if they
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wish them and the united kingdom in particular does wish them to have be repaired tree and the problem is of course that you have your referendum and the referendum. would. undoubtedly be one. but then what happens because that's not binding on the european union you say there's a referendum the same apartments be repatriated back from the center to from brussels to london to simplified language but what happens when the european use a low storage we don't do that it would be that the others were then wanted needed to lead to a dismantling of the european dream and we don't want to do it so then where so it doesn't solve the problem and i think there will come a time when there needs to be a referendum on the basic question of do we remain in the european union or do we go outside and say then negotiate
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a amicable relationship with the european union but from outside well david cameron being. dismantled. well you don't going to do what david cameron was doing if he does do it in which you'll see is not dismantling the you mean he will presumably continue with the other members we should do but it will be a different relationship between the united kingdom and he will be one not one of membership one of some kind of association why now if we're seeing such. an influx the public when it comes to the i think search. the public feel that there are a whole lot of petty restrictions which come to us from europe or european law which we can't change which you have to go along with even though we ourselves don't agree with them and they don't like that the they don't like the they feel
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the public feel also that the decisions of british judges are actually better decisions than the decisions of the european court and yet we have to be subordinated to the european court and also i think that they can see although we're not of course part of the euro zone we're not thank god thank goodness we had the good sense to keep out of the single currency but nevertheless they can see that the single currency is a mess the europe the european economy is a mess and therefore it is not particularly inspirational if the u.s. gets a laugh that at the beginning you know they'll be vindicated that a lot of what you were warning about his counterpart i've always found a position. on europe extremely comfortable. for a different reason. that the debates in the house of commons your mind time there and this is continue to some extent have been extremely polarized been the euro
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fanatics who think the europe can do no wrong everything is european must be better than anything is national a little bit a whole group of xenophobes who hate foreigners who hate europe and think it's the work of the devil and the. they they both speak with loud voices both groups of a people in the middle like myself who are in no way hostile to europe as i said i live after a time in france and i voiced. enjoyed the company of many european friends people and you know who they would look at the thing objectively and say what makes sense what is makes economic and political sense of both the united kingdom and indeed for europe when i tried to persuade the european countries not to go and i was transferred not to go down the route of monetary union it wasn't because i
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thought it would suck britain into matter to you i knew perfectly well that we would never join i was trying to prevent my european friends from making this big mistake for their road sakes they find to come back to reality and i think it's time to come back to reality yes and to learn the lessons of the us and thank you very much for joining us. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything
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you thought you knew you don't know i'm tom harvey welcome to the big picture.
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we have a war lords. we have. groups. all . right enough to my mind it was like. it wasn't. the smadi when i was fifteen years old you can't win and you certainly can't do it through the barrel of a gun only effective social change you can be the afghans themselves afghan men and women we believe i'm going to stun them not to across. the
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patient it's them in a position to construction to stop people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan. eleven mission free accreditation free in-store chargers free. range and free. free still tide free.
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