tv Interviews Culture Art Documentaries and Sports RT February 28, 2014 10:00pm-1:01am EST
i think. everybody told you. that you know the price is the only industry specifically mention in the constitution and. that's because a free and open press is critical to our democracy which. will. never go on i'm sorry and on this show we reveal the picture of what's actually going on and we go beyond identifying the truth rational debate and a real discussion critical issues facing america are you ready to join the movement and welcome the big. well i'm tom hartman in washington d.c. and here's what's coming up tonight on the big picture. the newest snowden revelations show that
a british an american spy agencies are being on the yahoo web cam chats of millions of people in a time we have a new church commission we'll talk about that and more nights big picture rubble and what goes up must go down especially the stock market so what can we do to hold off the next financial crisis if that crisis is inevitable soften its blow special expert bob swarup at the knights conversations with great minds. you need to know this g.o.p. vandals have struck again on thursday senate republicans blocked a bill that would have given our nation's veterans twenty one billion dollars in benefits and build receive fifty six votes five more than the simple majority required by the constitution because it did not include new sanctions on iran republicans. use procedural tricks to block
a veterans benefits for veterans is really one of those things that everyone in washington should agree on but apparently republicans think a new war in the middle east is more important than helping the people who have served our country find jobs sanctions they wanted to attach to the failed benefits bill were a version of the iran sanctions bill that's been floating around the senate for months many experts say that passing that bill dubbed the nuclear rand prevention act of two thousand and thirteen by its supporters would kill any chance for long term deal with the islamic republic of iran and probably make war with that country all but inevitable that's why of course the sanctions bill is pretty much dead politically even apac doesn't support but not dead for republicans if someone if something in sabotage the obama administration and the democratic party than they're all for it matter how badly it hurts america's veterans or anybody else let's rubble.
joining me for tonight's big picture rubble are robin carter martin member of the national advisory council roger twenty one and host of the conservative black women's blog ben cohen editor of the daily banter and founder the banter media group and he knew some also member of national advisory council project twenty one welcome and robin thank you for joining us it's nice to have you here with us ok you heard my rant it was fairly partisan but i thought the republicans were all about supporting our troops i mean they're always so in that. but now it's like supporting our troops but only if we have a war one minus. let's look at this way right now we're seeing what happens when you have sanctions put in place with great distinction to put in place and see what putin is doing in ukraine we have sanctions on iran for twenty years yes we already know that they've been working towards a nuclear bomb so all these sanctions aren't necessarily working in those sanctions or by the way or hurting the common people in iran not in its. really the
government so that's the problem that you have to look at the same she was saying since we don't work quick question how many countries are on the top of the last. zero. zero look at all get the civil war within their own borders actually look at the octomom talking about. externally how much of a threat has a role imposed because they are composed of the seven hundred thirty five years some of the. personnel are not like to keep it that way want to keep it well you know these sanctions were put in place during the break you know when reagan came in and actually during the carter was through the carter years and and they've been amplified and added to and you're right they are hurting the average of the rain. and the and that's one of the reasons that iran is trying to come to the table and work things out and it seems to me like you know it's worked and it's time to say ok let's move on and by the way during during the entire. years of the clinton ministration iran did not move forward their nuclear program and they had complete
one hundred percent surveillance in on all their nuclear facilities they had cameras live cameras they had you know daily u.n. inspections throughout the years george w. bush comes in and calls them the axis of evil and they said ok you guys are out here i mean this is you know robert your first i want to say that i think that it's unfortunate that the veterans got caught in the crosshairs of this partisan i agree argument it's a great this and i believe that sanctions are. necessary i want them to stay in place. but i think that for the greater good into our that's friends that i think that they'll sort of pass but i'm not i mean the idea that iran is pursuing actual nuclear weapons is in itself not entirely clear that they would like nuclear capability they would like the ability. to create nuclear weapons by deposit on the stand that they don't necessarily want nuclear weapons and so they have not they have not apparent cording to the united nations. according to put it on no what's
that you say the bigger the group is going to say yeah yeah oh no quite trust the administration when obama when president obama was caught off mike saying just wait until after the election and i'll be able to work with you a little better that suspect to me so maybe the republicans what's that what's not true about what's not true about the fact that these kind of issues get demagogue during elections and after elections politicians. because you don't notice that. doesn't bode well for transparency trying to say something like that off might be pretty strewing that's real politics i mean that's how politics works there's no way obama can conduct high level negotiations with iran in the middle of an election with an opposition candidate because you basically accusing him of being a muslim terrorist and but it wasn't wrong. but it was a point of us make this point there's been
a rush for the points difference still remains when you have a president that's saying one thing you know on a hot mike by accident to someone he's going to be negotiating with the meats credibility he needs strength when he goes talk to foreign leader saying this one poor leader i think essentially what he was in for to change the subject here i think essentially what he was saying is that you know john mccain lindsey graham these guys are going to demagogue and trying to read you know these issues they're going to try to reinvent the cold war and all this kind of stuff and and you know we just have to wait for the crazy season you know the thomas jefferson the season the we're going to have them jealous again because of what it is why it's called if you're on the phone would do anyway my point is why is that you need to have met with this at that point because it's true to win the election he would book but it's or you're not going to do it when you will so why did you is saying i don't know because just because the crazies on the right were doing the thing for their base what you see when you need to negotiate from a position of strength is a straight shot you have could not disagree more that's not how they want to do. i
need to let me do what i need to do but this is a huge but this is the real world america is no longer the superpower it once was ok ok it republicans cannot accept this you cannot get it in your heads that this is not the case anymore that russia is a power russia is a huge power and this right china is a huge power you're going to bomb blow people up and say we're going to go to war as the trouble this doesn't work anymore this is george bush the promise and look what happened it bankrupted the entire countries no i disagree with their verdict of course it was a great strategic move when you're when you if you look throughout history when you talk about people that are power hungry who let's go ahead and say who we. really is who behind me a bit of america. i don't think we will look what's going on in eastern europe right now because it happened in iraq what happened in afghanistan and what is it will do with these i would go to these awards with him now as in those nations with this weird nation building and leave the war in iraq and nation relation to the
radio and leaving it we when we busted a bomb in afghanistan the g.d.p. of that entire country was two billion dollars a year we could've walked into into afghanistan where we're spending five you know five six billion dollars a month now we could've walked in there with four billion dollars we could have doubled the wealth of everybody in the country overnight and said and by the way they offered to give us spend a lot they offered to get you know offered to arrest bin laden and not to give it to us and give it to a third country for trial and george bush is not reliable i mean really this is this is your idea of good no it was in the washington post the white house and i don't know what it was or you'd why were u.s. companies given contracts in iraq post invasion no good all countries off to iraq but that wasn't to restrict their resources that was for the benefit of the iraqi people was it to take a hundred percent of the revenue i think we're really getting all worse here right literally and metaphorically look at the except there's a reason aggressive empire in the u.s. is. it is ridiculous it's very it's ridiculous and there's nuance on both sides and
but the and anyway according to a new report the guardian britain's surveillance agency g c h q their version of the n.s.a. with aid from our n.s.a. intercepted and stored the webcam images of millions of internet users not suspected of wrongdoing and by the way what they discovered was that people use webcams to talk to grandma and to flash each other. it's like the they apparently were shocked by this so but the point is that these were people these were not terrorists these were you know these were kids people husbands talking to wise when they're not around you know when they're on the road or whatever they just reflect that reminded me of that time when. it was the n.s.a. that got busted somebody got busted for making d.v.d.'s of conversations between our soldiers in afghanistan and their wives back home their romantic and
sexual conversations and this was a big scandal back in the middle the bush administration i forget who i think it was the n.s.a. but in the case at what point do we say enough is enough church commission it's very orwellian i mean big brother is watching us and it's all under the guise of protecting us from the big bad evil terrorists and really they're just surveilling the american public and making us prisoners in our own homes so. good on you i'd like to wait until the actual report comes out i'd like to see whether this is true before it looks doesn't look good it's all looks pretty but what we already know is is that there is no privacy right but also that's what we saw hopeful i mean. gratian is it doing it the government is doing it you can on the internet you can watch dots this is pretty much a base should we know shouldn't we try to. you know the probably corp's argument i think probable reaches and they do it and they don't. save the data we can have
that argument but you know when you talk about what the government is doing this information if you know could be used to harm people criminally and we've seen examples in this disparate examples we've seen examples of how this information could be used on people criminally welnick serves as marketing words i mean this is this is why i said church commission because nixon cooper you know created an enemies list and and he actually went after a couple of these people taking information that he knew i mean they tried to blackmail martin luther king for god's sake it is there's no question that the formation that can be can be used in a harmful way yes but then big outsize that surprise a shock about this stuff i wasn't sick he surprised her this information comes out i mean u.s. government's been spying when he says enough but i know i'm just saying that the u.s. government's been spying on its citizens for you years and years and years or isn't it time to put a stop yes i think that the revelations are showing that there is serious you know we just i think i think i think it should be to widen commission ron wyden since you're the most outspoken although i'm sure that there are some republicans the.
with mike stronger or a no holds barred look at the global financial headlines tune in to conjure reports . welcome back with me for tonight's big picture robin robin carter martin ben cohen and here in new so let's get back to it today is the twentieth anniversary of the passage of the brady gun control bill during the reagan administration that bill named after former white house press secretary james brady ronald reagan's processor terry who was paralyzed during an assassination attempt on ronald reagan requires all licensed gun dealers to perform background checks on their quote customers so what's wrong with this reagan was for. the vast majority american people want this is the time to at least go back to the brady bill. anybody here's the thing going back to the brady bill i guess that's commendable but the one thing about it what would they have prevented so obviously
the tragedy in newtown people. the tragedy in newtown. you know very tragic but it would not have been prevented with a background check because ok then let me get them let me go a step further ok i would suggest you know we the constitution says that in order to have a well regulated militia the right of people should not be infringed to bear arms so if we're going to regulated you know regulations around guns when we figured out nine hundred fifteen or thereabouts that cars will start to go fast enough to kill people we started regulating cars you got to have registration you got to have proof that you know how to use the thing start. license and not have liability insurance which is cheap libel is cheap if if those kids of newtown have been hit by a drunk driver or even intentionally you know it. would be paying out millions instead those parents got absolutely nothing because they were killed with a gun so why don't we see why we require guns to be licensed gun owners to have a license gun to be registered and for them to happen why don't you. just give up
on this sorry there's no point in trying to force on the bridge i don't want to stand weapons i don't understand why people want to have guns in their houses it makes no sense to me culturally speaking but i understand that these poll of the american psyche i try to argue against i try to argue for regulation but the wall that you hate. that outside perspective the wall that you hate it's so deeply ingrained in the american psyche and it's been proposed in iraq if you push by a two billion dollars it's a massive industry around it and they've very very. boring our response to this was to start a website called the small penis gun club that i think it's a piece of it but i don't think there's a problem with regulation i think the idea is to keep the guns out of the hands of criminals so if you're not a criminal and you want to have a gun you go through the proper channels to own a gun that's this is really straightforward i think of closing the gun show loophole at the very least bringing back the brady bill that have
a problem with the greatest some took some fifteen minutes to point a gun on facebook and the legal semiautomatic rifle on on facebook. from the i believe some reports from the verge that's how quickly they call out of a gun when you realize that that's how we used to get hold of a high powered illegal weapon. i suppose he would be you know then facebook c.e.o. legal or illegal well it's a little let's put it this way the page stayed up. sammy was off on it i have to do some research into whether that's there was legal or illegal a source really isn't going to go up exactly. so what was so good maybe it's the people who wait on the lawyers the prosecution of it. which department is. responsible for it but they were interviewed in this report by the birch and they were all like what do you think about this and they said well it's illegal we look into these kind of things and they clearly looked into it so carefully that i was they the web site was still up and still the republicans are trying to defund or
you know they actually passed a law back you know fifteen years ago or so that said it's a it's a crime a crime for any employee of the federal government to compile statistics on gun deaths in the united states but here is this is what i mean this is not his argument is the argument you are talking about ok so if somebody breaks a law that's on the books this is legal say oh this is illegal then we need to make more laws and i'm saying that you have laws on the books now that are protecting people so wide that you need to go australia the laws they had thirteen gun massacres in eighteen years there was a particularly bad one down in tasmania where a whole bunch of people got killed and all of australia and they actually showed the pictures of the victims in the newspapers and everybody was revolted and they said that's it that's and in one thousand nine hundred six australia said no more automatic weapons semiautomatic weapons are heavily regulated just good old fashioned flintlocks or or you know twenty two no problem but you know that these
high powered weapons of war weapons that police should be carrying no going to happen and have a huge buyback program bought back these guns since that gun related homicides are down fifty nine percent gun related suicides are down sixty five percent overall sides are down a little less than half suicides are down a little more than half the total both of these are crimes of impulse and if you've got a weapon handy it's going to it's going to be a whole lot more deadly than if you've got a butter knife you know i don't know if these all comers are going to make a blind bit of difference i mean the. muska when you had five year olds being shot being murdered with a machine gun. well he didn't do enough about going to venice given up on the united states about registering regulation doesn't matter if a criminal wants a gun a criminals going to have a gun exact things are going to happen and so the regulation is just i'm just saying it's really work and we had a very few gun that's right because guns are legal and therefore people don't get
killed by guns but criminals have it with guns in britain. but very very few most mostly they don't want to use the kind of really severe personalities that are associated crime mostly. amount of deaths if you have a gun is easy to kill someone i would like to call and i read an article that someone it was shot by a home invasion and the homeowner was prosecuted as it should be yeah those. are you talking about a case in the countryside where somebody broke into this guy's house and he shot the kid and he went. and you think that's ok with the loose change yeah he was running away so he got shot in the back because he was running away but if you were shot in the house that when that happened if he was attacking the guy then there was no doubts he was himself a lot of these things against or in someone's house uninvited unlawfully you should have your own we have a castle doctrine pretty much throughout the united states you shoot so let's let's keep it that way but that's but i think the point is that if guns are less
available less because there was likely to grab them and use them and the average person is less likely to use it impulsively children are most likely to accidently cause if you were not some help in the week you know you know it's a children killing children i mean it's just it's amazing any of it was started on the trail of rise and c.e.o. all macadam so the true not the trial is going to be customers have to pay for how much internet they use he said and i quote we make our money and that's the critical phrase we make our money we make our money by carrying traffic i think it's only natural that the heavy users contribute to the investment. to keep the world healthy this is the most important concept about net neutrality and here's what makes my head explode about this number one we paid to invent the internet we the people number two we paid you know the night and took out the active nine hundred ninety six was a public private partnership we paid for most of the costs to lay the backbone of
the broadband back but across the united states we pay to maintain it it's on land that was taken by eminent domain by the government and now these private companies are saying this is not the commons this says you know there's no obligation to anybody it's all about how much money we can make this tear tax and i realize they are there already doing this now would that be so plain oh you want to get two or three or four digit pay more for it and obviously at home you can buy you know higher bandwidth or more but it isn't there a point where we say wait a minute if this goes into place. a low income people are not going to be able ever to use the internet for certain things like watching television or streaming a lot of information and we're going to end up with a multi class society with regard to the internet just like we have with so many other things but it's the end should be the commons it's not like buying a car here's the problem with the argument it's not costless to increase bandwidth and provide additional traffic so if somebody somebody is checking their email home
versus somebody that's watching t.v. over the internet you might have to invest more in him to take knology that's going to deliver that being with the traffic to that person's watching t.v. so while the infrastructure might be there and we might have been subsidizing taxpayer dollars you still have to have an infrastructure to deliver the information across that infrastructure so don't miss this important to understand your own he's so you're absolutely right and he's arguing for tear pricing but i think that the next thing that's up his sleeve read it back in two thousand and nine reddit user queen created a graphic. which we can show on the screen here what the world might look like when there's no more net neutrality. i think we have different periods yeah with your basic services twenty five ninety five a month all you want news without that's an extra five dollars oh you want you know and it just it just goes through all the different yeah you want here's the international news you want the new york times you are streaming video is ten bucks
you want to do commerce that's an extra five dollars but this is basically the cable t.v. model and i see this coming and i'm concerned sony is anybody else or regardless of me there is a there is a you say there's a complete disconnect between this guy and something where his business who funded his business who funded the technology to create the internet right this is again this is embarrassing is to maintain yeah exactly right this is again this is another example of a corporate social system where you you socialize risk when you privatise profit and that seems to be has no shame. in saying ok well we've used taxpayer dollars to create this business and now we're going to keep milking the cast is going to be ended up with thirty forty percent of all the you know there's this there was some in the short term you can switch carriers that's but i understand the problem that you foresee and you're right that's going to be problematic but there's always the
public library for the poor people look well that's a you know we're getting close. i want to i want to take i don't agree with this comparison you know if you have a shipping company that shipping stuff across the across the freeways here the shipping company didn't pay for the freeway but it did pay for the trucks for the people who did pay for the gas to deliver the goods all in the end so you're saying then your metaphor then the shipping company would be the websites you know the new york times pays for their bravery to send information out right but you still need the carriers like the barrages will to deliver across the broad. i just think that we should be doing it the way that most other countries are doing it which is if you're if there's a natural monopoly there's only one broadband pipe coming into my house it's a piece of coaxial cable so whoever owns that can charge me a base cost for that fifteen twenty dollars a month for that piece of copper but then i get to decide who's going to run over that copper i can have a well it's my is be i can ever rise as my eyes be going to comcast in france you
have over one hundred different companies competing and so the so the cost of high speed broadband that's way beyond anything we can even imagine is around twenty five thirty dollars a month in south korea same deal i mean why don't we do this it's a huge engine for economic growth as well when i want to start having a tit service can you stop cutting off opportunities for people who are less advantaged economically speaking i think it's not just about that it's also about innovation i mean how do you started a company in your garage or in your basement if so many of these businesses these days are on the web. in the day you steal steal our have a cops that's associated with delivering content so if we were going to if we're going to. write this netflix comcast deal has created a barrier to entry and if you want to if you want to be the next employer you got to come down come up with a million bucks upfront and that i think if you know in that lot that's the definition of the i think the mix deal was his troubles it is robbing her heart of
martin thank you for joining us tonight and ben cohen has some great you'll with us coming up financial crises are the stuff of nightmares for central bankers everywhere but can they ever really be prevented. wealthy british style some time to buy something. that. market. why not come to. find out what's really happening to the global economy with mikes concert for a no holds barred look at the global financial headlines tune into kinds a report on our.
i marinate join me. for in-depth impartial and financial or for commentary contribute and much much. only on the bus and i. got a quote for you. it's pretty tough. stay where it's about story. let's get this guy like you but smear that guy stead of working for the people polled titian's the mainstream media for each other bribery just as you know. they did rather well. we welcome eric nathan abby martin two of the two of the coasts on the our team network. it's going to give you
a different perspective give me one stock tip never i'll give you the information you make the decision don't worry about how breaking the sub works it's a revolution of the mind it's a revolution of ideas and consciousness and frustrated with the system it's trying to approach which would be described as angry i think in a strong. under single. money it's often said makes the world go round but it can also make the world spin out of control financial crises and. banking an excuse to stray economies and send nations on a path to decline everyone knows this so why do they keep happening i guess for tonight's conversations with great minds financial expert bob swarup thinks it might have something to do with human nature currently the principal it can do or global bob is a frequent commentator on economic issues and has extensive experience in the world of finance his new book money mania booms and six and busts from ancient rome to
the great meltdown it's a fascinating look at the history of financial panics and the lessons they can teach us about humanity bobs for joins us now from our new york studios bob welcome . good evening to you thanks for joining us live let me start with you what got you interested in finance. the election of the refugee from cosmologies so i started off you know studying the stars of the universe and so on. you know you suddenly realize that actually spending ten years from the worlds of noma doesn't really pay the bills and doesn't really do much for relationships either so i therefore made the jump into finance cosmology seriously were you really studying astronomy and that kind of thing. starting black holes the early universe the big buy you know those all of my post i thought it one of the things that i thought was fascinating in your book the very last picture that you have and we don't have a screen shot of this but perhaps i can hold it up is the map of the internet and
it looks like a neural network it it looks like a mind and in some ways it looks like you know if you if you look at the greats large structures of the universe it sort of looks like the you know deep deep universe you think it's all i think. but i think you're very right that i mean the thing is that even when you look at these kind of entities like neural networks like the universe not of the world of finance you know and all that data that we have with each other you very much get that complexity coming through because what you really have. as you have these very simple interactions between let's say two bordering neurons two bordering websites two bordering people that are borrowing and lending money but of course the way capitalism works in aggregate we have all the complex this far more than the simple things we do on a day to day basis in your book money mania. you talk about boom as
panics and busts and what what in your mind causes these cycles or these first fall are they cycles and what causes. what i think and call them cycles and they keep happening again and again i mean you know the first of a record sovereign default operation greece in three seventy seven b.c. i mean a lot of things i gotta write this book was that i was amazed that you know two and a half thousand years of culture of progress technology you name it and we end up with another greek default do enough thousand years later so what how do we really learned that you know what it really comes down to in my mind is that crises are actually quite fundamental to human nature because you know at the end of the day one of the interesting things is that i think in the world of economics we often divorce emotion from the science we talk a lot about you know supply demond we have all these wonderful formally but what we forgot is that you cannot mix does not operate in a vacuum there is a political aspect is a social aspect we don't want to make this about people you know financial market
for example isn't an efficient market actually what it is is a collective noun for the hopes greeds fears of countless people creating against each other and what you call volatility is actually emotion more than anything else so you know to me it's human nature the fact of matter is we have swings of emotion we will get euphoric about things we see that in our relationships we see that in our political beliefs so why don't we apply that to money is what we do equally we get despondent we get panicked and that's when the flipside happens now of course what's interesting about financial crises is that emotion is one thing but it's when you're out of money. at the mix you know money leverage is emotion and so suddenly these cycles that up on the personal cycles can actually become a crowd behavior where you get people kind of. going to huge leaves you for an equal huge waves of panic and that's what you keep coming around again and again the financial times this week to day. i think was the financial
times and actually it might have been the economist it was the financial times had an article about a. supplier in great britain a british online company that sells what the brits refer to as white goods dryers refrigerators. washing machines. and they offer same day delivery and that's apparently their their great new invention they did about four hundred million dollars in business last year some analyst recommended and boom their market cap went up to one point six billion dollars and you know the financial times was commenting that you know is this not what a bubble looks like and then four days ago they had a piece there's a rather great article the financial times about tesla and how another american financial analyst had recommended tesla said you know the stock is going to double in the next eighteen months or something like that and tesla went up sixteen or eighteen percent today and they pointed out the tesla you know if tesla grew to the
size that this analyst was suggesting that they would by the end of the year that they would have a market cap the same as general motors general motors sold ten million cars tesla sold thirty five thousand cars is not a knock tesla but aren't we is it possible that we're looking right now at that these are the bubbles the froth to paraphrase alan greenspan in a bubble economy that we're right back where we were in two thousand and seven. when i think you very much are in a bubble economy right now when you know what's interesting about bubbles is that one things that's called. to all bubble this is not to creation of tort you know we're going to replace rationality with blind trust and soon as the president nominates for example science you know the stocks going to go up a lot of people in government was looking alternately to become wealthy this is all about fundamentally status and money is the opposite of social status so to a lot of people you know if the if the money is that we may run into it i mean i
think what's interesting in the world right now is that you have a lot of multiple bubbles really springing up all over the place and i would put it down to the fact that we are in a world right now where frankly speaking we never had so much money floating around and all that money sloshing around looking for a home and you know if you're in a world by the way which has do with a low growth and i think we really are in a world like that at the moment for us to speak with almost any price for growth. so you said this is money is about status but since the tax reforms of the reagan years that made it easy for people to invest in you know what were originally an individual retirement accounts and they came for a one k.'s and made it easy for companies to back away from pensions over the last thirty two years we've seen a major shift from the majority of americans having defined benefit programs pensions where you know that you have a certain when you retire for the rest of your life you're going to this amount of income and you can plan your life around it so there's security into these defined
investment programs where you know how much you've put in but now you have to play i have to be i have to pretend that i bob swab of a financial expert that i know wall street i'm going to invest my my little ten thousand dollars in my four a one k. and just tried to have some security in my old age. isn't isn't that driving some of this instability the fact that you know what used to be a more stable system is now less stable system and that people. would not so much for greed or status but just out of security are having to play games in in a world where they are not well informed. and there are easy suckers. but i think first to be far too flattering saying that i should know what to do with that money myself but i can tell you that even if i look at most banks or funds for that matter you know when i for example first went into a fund you know i got given my kind of little pension form you know all the different options on it and i got every else i just picked the default option but i
don't really think about these long term decisions i mean i think that as humans we are very naturally myopic hold defined benefit to defined contribution change i think you're right that has been a huge shock having said that if you go back to a defined benefit system one of the problems that you have and you know if you go back to one of the reasons why perhaps we had such high growth in the fifty's the sixty's and so on was partly because what you were really doing was saying to people that i'm going to pay you a lot more tomorrow if you agree to be productive today and work hard today and i think what they did was create a bunch of unsustainable promises which and people try to rapidly back away from i certainly think that if i look at the system right now people aren't equipped to make these kind of decisions the complex decisions you're talking about you know trying to pick the right winning company the right winning asset class things like that and actually in a world which is as volatile and as sentiment driven as we are that particular world today weaponless the makers i think are more important than ever that actually becomes a crapshoot you know i think you're right to study destabilize an economy but that
instability is also a function of the fact that we are living in a world to do it which is structurally far more rigid with money and debt throughout but until then i'm sorry. go right i go write it up till the third or fourth year of the reagan administration it was against the law for a company to list its pension. its pension funds as an asset they had to list them as a liability and when. they were a ministration change that tax or congress change their tax code and as soon as and then once companies were able to list their pensions as. assets rather than liabilities then you had a situation where carl icahn could come in and buy t.w.a. and the pensions down assets not a liability so we'll just dice it up sell it off and screw the pensioners i mean i don't know if carl icahn did that it specifically but it's we've seen it done over and over and over again ever since that change was made the one nine hundred eighty s. . wasn't really the rules of the game being changed that led to the demise of pensions
because they were quite successful for two generations. the pensions were very successful but you know i think if you look at many pension schemes i mean let's just take you know one of the most famous ones like health has you know if you should look at the levels of return that they have to make in order to actually just stand still forget about growing up being other time benefits they want i mean this is a losing proposition in many levels and i spent a number of years in my career in the world to pensions and i think what always amazed me about pensions was that you know we were sitting in a world we would debating issues like longevity and so on and never really understanding that we should go back in the history of pensions people sometimes forget that when the first of the pensions was set up back in the seventy's the state pensions they were set up to really capture the tail risk when somebody is kind of very old and need scaff in the state which are all they had and do appreciate the time with the idea that you might actually spend a ton if you live in retirement you know i think though the fact of matter is that
you know in a very classic human myope extends we never really planned ahead for these consequences and so the result was that you know this crisis may not have been there if we had sort of sat there and i should talk about these things but the problem is you know like any crisis it creeps up on new slowly and something happens all at once and that's really what pension scheme would venture that in our class example of an article the crisis in slow motion simply because although there are important than average and that's the issue with them so what's the alternative rehab just a half a minute before the break. you know the alternative is look you have to kind of call it a system that is more robust if you take pensions for example you know i would all . or that this actually needs to be a defined benefit component to a pension that is simply because for the simple reason that we need to provide people the minimum standard of living there is a question bunch of us what are you trying to provide people with so your argument under a hybrid of some sort. out i was wrong but there isn't a bear in mind but people will always want to try and take what they have and then
some more than you know there will be people for example want to contribute a lot more to a pension for them their old to be the option do i should do that but that has to be by contribution by choice more of science conversations the great minds of bob's right after birth. i would rather ask questions to people in positions of power instead of speaking on
their behalf and that's why you can find my show larry king now right here on r.g.p. question lol. play . by marinate join me. for in-depth impartial and financial reporting commentary interviews and much much. only on the bus and. play. play. well with. science technology innovation all the list of elements from around russia we've got this
huge you're covered. and welcome back to conversations of the great minds of speaking with bob swarup financial expert and author of a new book money mania an excess and busts from ancient rome to the great meltdown bob in your book you argue that regulation and i quote should focus on mitigating the adverse effects of information asymmetry. the information asymmetries are kind of the antithesis of what is supposed to exist in the in the idealistic perfect free market right so how does regulation mitigate that how do you how do you how do you make sure that if there are counter parties to a trade of two people are participating in a trade or or one person participating in an interaction with a hundred people that everybody has access to the same information so that they can
actually make reasonable decisions. but i think you know the thing with regulation is is that if you look at what happens in any market i mean this goes back to what i was talking about how we often divorce economics from the rest of the world the simple reality is if you're a regulator you have some information available to you but you cannot look at the whole finish in the market and see always fighting i think a losing battle you're trying to fight complexity with complexity and that i think is a battle that you will never really went and i think definition used to be thinking outside the box you need to get every single last bit of the information the system just need to be able to understand the nature of the piece to dealing with it and so for example what i would argue is let's take banks for example you know a little to this what if i know that for example citigroup has a conflagration eighty percent want to start with you tell me it's a number it's a number that i'm being told is a safe number i have no idea what's that's behind that number i have no idea how they calculated it and then i find myself if i go back to history for
a moment in the eight hundred sixty s. in the u.k. you had a couple of failure it's often. and scott believes. the impact of course to the public confidence was severe and they brought in a new form of regulation of the time which they called freedom with publicist and what it really meant was they all sold insurance companies at the time to actually report what their capital positions were slide same as we do today but then also explain how they calculated it. to supply the information that they used at the one to do that you could done something very interesting you actually sean in light of probably the most of skewl most arcane bit of the financial world because you force them to explain the decisions that made you know one of the correlations was this volatile you've got all the risk you risk your mate you know what it was going to look like that you're planning for and suddenly at that point rest the world can look inside can see what you're doing and they can make their own judgment they can quickly work out if you're actually robust back or if you simply try to game the
system and i think that ability is very important because you know at the end the day it's actually about for your information if you actually know what the machine is looking like then you can make up your own mind whether it works or doesn't work so that's really what i mean about regulation thinking outside the box and actually try to correct for that lack of information because otherwise what you do is always fighting a losing battle he was trying to fight with someone's model where they have built it and you're simply trying to look at it without really doing what they did sole in today's modern world. you know what extent have we failed to guarantee that transparency and how would you encourage us to establish regulations or rules or whatever you want to call them that would promote that kind of transparency that would make counter parties more more competent. look i think of the moment what you have right now is probably a huge failure of regulation of the moment in any case you know if you look back at
what happened in two thousand and seven two thousand and eight to me the big threat of regulation of time was the fact that where there was the i.c.c. . who is the officer in the u.k. or other regulator around the world you are going to see bank after bank you were looking at their models signing off on them asking them a few questions to ask hard ones but you never asked the most obvious question which was simply that why is it that every single one a few has the exact same model because you know what if one a few goes down that's bad but if two if you have the same models you probably go both can make the same mistakes if two figured out that's a bigger problem for if you eat a few you've got a much bigger problem you know if you don't know what regulations down right now they have done the classic thing off trying to fight complex of complexity you have thirty thousand pages of new regulation you have a million new words you have enormous reams of paper being written and i think there's a real issue that because you know most organizations these as special financial world are actually global they're not limited to a geography you know surfers over to citigroup for a second to do is very regulated by one hundred fifty different regulators around the world i want to understand how would they actually quarter made their actions
they failed abysmally so far i don't see how they stop now and moreover if anything goes wrong which one of them is going to deal with it you know and how do you actually resolve it but the way you know disagree or simply point to the imagination that are passing over to you and say well if you look at sub note for a paragraph c. on page eight hundred thirty five that number was actually down so you know i think that's the problem how do you fix it but i think you need to go back to basics you need to think about actually what you do you know so you need to come up with something simple crude tools on one level so for example i do believe in things like leverage ratios you know but at the same time also to think about what you're creating i mean too big to fail is a disaster because you have a situation where simple mathematics simple history simple probably tells you nothing survives forever and if you create some it is too big to fail but inevitably it will that one day you do that you have a major issue in your hands so for example you know why don't you bring back the
old lost eagleton property actually separate out the commercial bank which is the utility. but an economy needs to survive from the other specs we're actually you know that is what people are speculating trying to make money you trying to make returns trying to actually get growth another way it's so you know you need to think about it from that perspective you know i think that's brilliant in fact you could. perhaps one metaphor would be just say let's fight complexity with simplicity if we were to use a football game and f.l. game as a as an analog to the financial markets there are very simple rules about football you know how big the field is how many downs you have how many you know how far you have to run all the you know just referees all these kind of things very simple rules but there's almost an infinite complexity of moves that can be done by the football players on the field but they have to be done within this very simple set of rules in the united states from the george washington administration until nine
hundred thirty two we had never gone more than fifteen years without a major national banking and never that was the longest we've ever gone is fifteen years the average was twelve from nine hundred thirty three when glass steagall was put into place until two thousand or two thousand and really two thousand and seven we didn't have a single major national bank banking panic other than eighty three reagan deregulated the s n l's in eighty six they crashed and then he regulated them so it wouldn't wouldn't be pretty straightforward like you suggested to just let's blow up graham leach bliley let's you know undo the damage that was done in ninety nine in two thousand by phil gramm on behalf of his wife wendy who was on the enron board of directors you know is this was really ken lay's call to to blow up. blow up this glass steagall and just go back to what worked for for fifty years in the united states we didn't have any bank corrections. look as you said it's the
simplest to you know because actually when you do regulation people for good. we're dealing with people and actually regulating behavior so you know the way i look at it is the was a very complex place but our brain is really only about three pounds and so you need to come up with the right tools for that you know i mean if you go back to the two crises let's stick with the dotcom bust of two thousand and two thousand and seven two thousand and eight your big difference that was simple in two thousand was an equity bubble that burst and you know guess what it made for great stories you had some wonderful anecdotes it was painful for people who have equity accounts but it wasn't actually something that tried to at any level to destabilize the economy itself because you know what these tendril didn't go deep into the economy into people's houses and do businesses and things like that two thousand and seven what you have actually is that debt crisis and unfortunately the links we have the complexity we've created in our economy is one of debt and that's inevitable
because debt fuels growth we borrow money so you can grow faster and that's why we do it all the time we do that buy houses to buy cause to fund ourselves for university this is you have to grow and so on government to fund themselves but what you have to understand is every time you're borrowing and lending you know what actually people think is their savings is actually a bunch of uncertain debt claims on somebody they've never met a national bunch will never met and so the moment you start to play around with the debt and you allow that thing to be leveraged you allow that thing to actually be not treated in the way that it should be you know a system that becomes highly unstable and is prone to huge crises so you know for me i don't think you can excise the human emotions you will always get boom and bust but what you can do is try and contain those booms and busts to levels where they do not threaten to destabilize the society but it's like i think what we're going through right now is really what used to be a crisis of finance six seven years ago is gradually transforming very much into a crisis of society. and. you go into you you wrote recently
about how the mt gox bitcoin and. change crash always great listen to us i mean isn't that a market that is highly regulated that's one of the problems with it. well i mean look i think would but going i mean i think what's interesting robert gordon is you know the fact it isn't regulated well and it's never even been real currency as long as it is unregulated and the reason for that is very simple you know if you look at what actually makes a successful currency it's something that is legitimized by the state on some level i mean in that thing you mentioned earlier i actually talked about an interesting experiment in britain in the eleven entres one hundred the first decided that he was only going to accept a wooden sticks stocks as they were called tallies you know you better not try to stick a bunch of notches or upset how much money you were boring all lending and then you split the stick in half and both parties got half and what was interesting was that once you decided that it was money for the state the state would only take taxes on
the four wooden sticks well guess what everyone something want to have wooden sticks why because they need to pay the state at that point they start you know spending what it's called us over all working for somebody else or whatever they have to do to get wooden sticks seven hundred euros the british had wooden sticks as at least one fourth quarter and see they've got to the point where the kings of britain actually used to use those wooden sticks as a way of issuing them in advance of the tax revenues as a primitive for government bond so you know that goes back to my point of the start of what money is really a social construct the fact of matter is anything can be money but to become a widespread phenomenon which is when it's really a currency and a proper one you need a state on some legitimised and that can be through accepting it as something you can use a major transactions say for example buying a house and it can be also through regulation. that's it's remarkable analysis in the minute we have left you and your book with a warning about inequality where the odds are that. i think inequality is an
enormous problem you know we live. in the world well i think it's fascinating read this enormous fetish of g.d.p. that hung over us when our response to every crisis is measured entirely by the fall of g.d.p. and you know g.d.p. is a measure of growth so it's a measure of spending by the way and no one really of also i think the obvious question which is what is the quality of growth what does this kind of demand you're creating and i think that's what inequality would really comes in because fundamentally right now we've been to north that aspect. of thanks so much for being with us and. my pleasure to see this and other conversations of great minds go to our website at conversations in great minds dot com and that's the way it is tonight friday february twenty eighth two thousand and fourteen and don't forget the moccasin begins with you get out there get active tag your.
on larry king jerry springer the longtime talk show host who's done just about everything it's scares the hell out of me the idea of not working on why his show is stood the test of time series newsman jerry a mayor why would you lower yourself to this you think the talk show was slower than politics i mean not spank you if you have a niche you're going to have an audience because there are always people that are going to. so you know it ranges what he thinks it was guess just like us they want to be happy they get ticked off when they're not their own languages and there's a good they don't have the opportunities we maybe a pad all next on larry king. what
the larry king now he is the host of the jerry springer show me it's twenty third year he's also had a new show on investigation discovery channel it's called tabloid it is on thursdays with all the three which is already the biggest hit he's the form of they are sincerely a political ploy of the air an emmy winning newscaster an author a game show host and more than that he's an old friend jerry has done everything it's great to welcome you aboard that is why gig it is always great being with you larry you're going to be seventy or you know a lot of you know next week i'm seventy you know maybe we who who thought one hundred fifty years said here's the good news look i'm good looking we are. reading all of the joy if you let it go let's start let's turn around to the lawyer my first job was with bobby kennedy and then i and then i was a lawyer and i was a news anchor and for ten years and he's commentator and mayor of cincinnati and.
i do what is. my my talk show. for me at a talk show oh i'm sorry i went from mayor to news anchor. news and you'll have to talk yeah because i did the news for ten years in cincinnati for the n.b.c. affiliate there they hired me right after being mayor and the company that owned the station we did the news also on phil donahue sally jesse raphael etc it was multimedia and phil was getting close to retirement so one day. they took me to launch and the c.e.o. did a walter bartlett and he said phil came close to retirement and so we're going to start another talk show when you're the host and the bird who brought always my first executive producer and then it is start our luggage is that you know it was a normal show in the beginning. we didn't get stupid until about three theories later you know that regular guests and oh yeah we had like oliver north jesse
jackson that was mostly a political show so how did it change well i was drinking no no the way it changed was. there were twenty talk shows at the time on the air and everyone was trying to be like oprah go after the demographic which at that time was referred to as middle aged housewives and then along came ricki lake and she really was the first talk show to go after the kids and when i say kids i mean high school college age and so one afternoon i'm walking down michigan avenue in chicago with our executive producer and i and i we were talking about the business model i said why are we trying to be one out of twenty shows like oprah let's go to ricky lake's audience and just be one out of two and go if that had kids so we then decided from now on we're only going to have young people in the audience young people on stage and young subject matter well young people are much more open about their lives much wilder crazier to then the show started to go crazy universal comes in and
buys us and says from now on you can only do crazy so that as silly as it sounds that is the truth we are not allowed to do anything but all we know why it is we have to say it is to another show serious newsman jerry a mayor why would you lower yourself to this just for money use that if you think that talk show is this is lower than politics and you not think it's a step up. no. no i look the show is pure fun for me i you know i. enjoy doing it thankfully i don't need to make a living anymore i'm lucky i do it because i just enjoy it and here's the truth i enjoy most of the people on the show i like them. i don't but most i do and you know what we're all alike. we just had a better job we looked out of the better gene pool apparent or we dress better or
maybe we were lucky to get an education or whatever but they're just like us they want to be happy they get tech doff when they're not their language isn't as good they don't have the opportunities we maybe have had why they want to be until that is the standard answer which is the in correct one everyone always says they want their fifteen minutes of fame that's on it all first of all they don't become famous they don't even use their real names and oftentimes they use disguises so that has nothing to do with it what it does have to do with the what i've noticed it's for many of them about the only time in their lives any one cares or asked them a question in other words they live that that no one listens to these people they don't have kids who listen to them there are parents who listen to them they don't have a job where someone is what's their the for their advice what do you think we should do what's this they're ignored now for one week in their life they're getting calls
from a national talk show they get picked up taken to the airport they fly to connecticut they get picked up in a limo taken to a hotel they come in they meet the producers they get makeup they go out on stage people are chanting their name a national audience listens to whatever their pizza is in their world this is the biggest issue right now they count that's what the attraction is they count what islam is longevity well because it's stupid. it's a stupid who's the viewer always the first question first and then i'll get to. why the longevity well first of all we have a niche. and you know that business if you have a niche you're going to have an audience because there are always people that are going to want to see those things that are crazy enough wages torment so that that's the person secondly is if you want lone jeopardy in television i believe you have to appeal to young people and the reason is our target is the sixteen to
twenty three year old beauty of going for that group is that every year there suddenly a new group of people old enough to watch if you do a show that's aimed at thirty year old by the time they're thirty three they're bored with the show your tastes don't change between thirty and thirty three your tastes do change between twelve and sixteen we don't lose our audience it's because there's suddenly new kids that you know it's the giggle factor though we don't deal with anything serious we deal with dating we don't deal with it even though people say to me jerry was the father that's not our show that's why we don't do a pregnancy to jerry jerry jerry someone who stutters. i don't know hall. you know i think i don't know where it started it just i think again ricki lake
with the kids were always going to go ricki go ricki maybe that started it honestly and i've been asked that i don't know how it started but now at our age it's really helpful because it helps me remember who i am now i want them to start chanting my address so i know how to get home. to you on the role of this is i have a grandson now and we have a grandson who's you know the center of my life and he way he's starting to recognize now that. you know who i am in other words i must be some because we walk down the street and people are going jerry jerry and he's wondering because he calls me oprah and then when people are taking pictures he's always getting into the picture so one day he asked me he says why do they call you jerry springer i said will you call me old pop because i'm your old boss you know i'm your grandfather but if that that's a name i have a nice people see me because i work on television whatever so he says you know any kind of put that away by two or three nights later we're walking by is room at
night and he's doing his nightly prayers and we hear through the door he says god bless mommy. bless me that it's grown my wife his grandmother god bless obama god bless jerry springer so he's like he's added to the list of mimi and oprah terry springer that's a great job by some as great you got the tabloid show that's about crimes right yes that's the crime show and that's a weekly show on investigation discovery on some quick politics questions because you're on our politic show too who's going around the sixteen well right now i. think hillary will run. i do i know for sure of course not but i would think she's going to run if she doesn't then it's open but then you think biden would pick up right away the bostons you still got to show others i don't. as a democrat i you know if we had to have
a republican president at the time i would think christie would be all right because i think he's more moderate on the issues that i care about but i think obviously he's in political trouble now. it's the nature of politics today none of the republicans are running to his side i mean you know the people that are still in office because they all want to be president so they're letting him just you know wallow there with yeah and so how do you get a national campaign for president when you're mired in this that it's not going to go away for the next year and this is the year where you got to get the fundraiser so i think the people with the money that want to start backing a moderate they're going to have to start looking for someone else because he was considered the front runner of the moderates within the republican party now i think you know they may find kay sick in ohio they may go up to one of the governors i think they'll probably want to stay away from a senator senator's i know barack obama got elected but normally senators don't
fare too well in presidential races where i may go after governor or jeb bush this . the bill clinton saga is incredible when you think of wards of his misfortunes personally you know yet even republicans was a bill clinton ran he'd win again. well i think that's true we used to think that anyone that served in office was a god and that's because everything was kept private we didn't know about the private life of byes and how or above roosevelt or of a kennedy or whatever it was all kept private so and we just assumed these were all god's well we have gone through in our fifty years of recognizing that wait a second they all have clay feet they're human beings and if they can do a good job as president we don't particularly care what their married life and he did a good job and he did a good job as president and he's. he were late he's the kind of person that you know of course you know him. but when he talks to you looking to you that that is
a that's not like who else is a political figure ok jealous good sports so yankees the dodgers ok my dreams favored in vegas. well yeah vegas knows we now have tanaka we now have ellsbury we took them away from the red sox. i think this year the yankees are back in the picture again and so in a tough division yeah right and you're playing in the national league which is a lot easier for pitchers because you know you don't have the designated hitter you know but i think that the yankees are back in the picture but you grew up in brooklyn i grew up in queens let's talk new york the yankees were better than the brooklyn dodgers you had one rocky year in fifty five am ross makes a one handed catch however guess what town down through the years yes probably because of jackie robinson yes the dodge
a team of the late forty's fifty's yes the small things as probably closer robinson because even my yankee friends were the most exciting player of that era was jackie robinson yes yes but here's the thing and this is what you know you just so on but jackie all k. you were jackie and i agree. for democrats i certainly should be have been rooting for the republicans i mean for the me for the dodgers because they were the first to enter a great day at the first base coach jake pickler who want to do a show caliber of a chalet from say you know how could you not and here i was in fact the only part of me that is republican is that i root for the yankees because they were you know they still wear the pinstripe suits they're there but all the parades in books and we go to yankee stadium a kid you know with what they wore ties yes we're going to do a lot to do it right is not the ideas are not a yankee fan that another restring of yours god bless. that's why i go to the game
this is happened to me twice the yankees were playing the orioles at yankee stadium a fight broke out in the field the camera people somehow spotted me in the stands put me up on the jumbotron and fifty thousand people started going. while they're fighting on them i will find a little known facts about jerry springer that. people . should have you with us here on t.v. today i roll researcher.
america join me. in park and finance for terry contribute and much. only on bombast and. on this is jerry springer is done everything he does the price is right that hotels right you do quiz show on the road he. hosts the life toward the national tour of the price is right we do it it's a good thing to see those around the country and then i do like seven weeks in branson and we do it in vegas so. do you do broadway and you did london you did not go to chicago you know that was
a you know that honey is that all him. well you find out what days you have available and then you do it but it's what you know. you're the one that would know more than anyone in the world is. it's scary as to how intimate the idea of not working and it's like i think it is the sum of money i'm a growing feeling i have is that it's not the money but i don't ever want to live on what i've made i only want to live on what i'm making and i'm so afraid that if i stop working it's going to end you know just everything is on the wall i don't know what i do i don't people don't go to work or they do i know it's really worlds at once to what yeah. i don't know i can't do that so i will say i stay healthy i think fame change you gotta change is a little i guess except every for my close friends everyone no there's not i don't have any friends in show business i mean my friend for example from my seventieth
birthday i every ten years i get together my birthday with the kids or grew up with . you or see them it may now be my own i would be old like sorry your proyecto going to make no water beetles right look at all of that these are the kids i grew up with to forget we came from never you want to be the robber well i always. i had you know back then would none of us had money so we lived in a rent controlled apartment and i remember always wanting to be whatever i saw you know so when i came back from the high holy days from temple i didn't speak hebrew i was a little boy but i sort of rabbis going like this so i would stand on my desk and i'd make it up you know a little bit of my parents walk by it a sheet over my head they say you go and i wanted to be an announcer i love baseball but i was never good enough so we would turn on our black and white television turn the sound down it's
a game to say it wasn't that great it is the role of the school columbus field was not just that yeah and that the state that i remember at the. did you listen to the fight with us tonight or doug was going to listen and i to this day can do the young handsome patterson fight the third fight and you know the other side one patterson well you know handsome on the first one but the first round of the third fight here we go with less crowd to do it really americans that are going to courses see your hands and then patterson the third meeting in a guessing game right up to ringside at long range part of the plot jabbers or has an impact on both of them marked on the back so white that i know the guy from the right and landed but it's crazy but i just memorized sorry you thought it was going and you would just something that i turned. why did you do dancing with the stars. well i didn't want to wear. those rehearsals you know that was you were you do that well i turned him down the first one i was as i turned down then apparently like
a few weeks before someone must have dropped out because they called again and katie daughter she kind of talked me into it she says dad you're always telling me to stretch and go outside my comfort zone so here's an opportunity for you do it and katie was pretty soon going to get married and she says you learn to dance the walls for the for the door to dance so that was the premise and i thought well ok i'll try. and the only reason i stayed on is because people wanted to hurt me. because everyone i have a take you all into the side room idea to dance and you know you're supposed to call in the vote and every contestant who was going you know and every week i would go oh. stop i want us eight weeks yeah so it will yeah i'm going to book pretty far down into it but one take up past the waltz which really was a lovely for me it was my best. three minutes on television ever because i had
katie there i learned to dance the walls to the song the tennessee waltz patti page . to run for the father daughter dance for the what i mean that was just my happiest moment ever on television so that was great but otherwise it was i was too old it would hurt. what do you make of the whole change in tone of the five hundred channels the whole world becomes inevitably not just more liberal but more democratic what we're seeing is the democratization of our culture our politics as well as our entertainment and technology makes it happen and i'll tell you what. it used to be for thousands of years that entertainers would stand either on the stage or in the center of the town square or in the forum and you would sit in the around and watch whether it was watching a play watching listening to
a singer ultimately watching movies watching television perform our audience along came you and talk radio where for the first time you would listen to your show on radio i remember listening in new york. and the entertainers with the callers you would listen and so for the first time the audience became the entertainment and then we went to talk television and we'd watch phil donahue for the audience and then all of a sudden we had the internet and kids would go to chat rooms to be their own entertainment they'd spend the evening talking to themselves and then all of a sudden we went to interactive television so you had american idol america's got talent where the audience or dition it's and the audience of votes for who the next stars so it's no longer a couple of guys sitting in hollywood or a couple of guys sitting in new york deciding who our next stars are going to be we
have become the entertainment of the old and it will be another cronkite a man you know is the single figure in news no no no that's not so social media questions music is my life from instagram says how do you feel about the lives these people live when they come on your show. how do i feel about the lives of the people i think were like as i said before when they come on our show they're only talk they don't talk about serious issues they're talking about dating issues i mean they're angry but the next day they're dating someone else so it's not like we don't deal with life and death issues so we're pretty much of a circus so how do i feel about these people i feel that they're young people that are really ticked off right now but tomorrow it will be somebody else i like most of the people on my show more than a twenty three trees are the guests on the jerry springer show paid to say oh look crazy stuff no they're not paid because if you paid people to be on the show then
they would start making up stories just to get the money so no they're not paid a price that notch facebook wants to know what was the worst fight you ever witnessed on the jerry springer show. i'm usually don't see it because i'm running into the or here it's their fight to be i mean i'm pretty much of a wimp. i never get hurt not well they're cuts and stuff but no one know if they security guys are there or there are local police officers chicago cops or whatever in fact steve has a show he was a chicago cop and now he has his own show well goes he has a new he was a he was the security council child yeah and steve was just like oprah gave birth to dr phil i gave birth to steve it was a it was a c section it was painful it was i'm proud. not. when you were a little boy was that what did you want to be when you grew up i think it's about your theories that first of a bus driver and then i want to be
a fireman then i want to be a news and a sportscaster are going to start facebook after doing the show for this long what motivates you to keep going i just i love working and honestly my show is so much fun to do who ever i have dinner with on any night of the year who ever i have dinner with and us the question how was your day to day i've always got a better story. you do. you know they're going to say well i was working at the insurance company the boys came in as a year yeah well i got a guy who slept with this horse when. out of it at the game if you only knew i threw questions or you just answered most shocking moment on the jerry springer show the guy actually the guy who married his horse. because you kidding no i'm serious it was the name of the horse and we did a follow up show because the horse left him ok i'm going to leave it at that yeah
yeah what's a favorite thing about hosting the show. the other than the paycheck the people. there they're fascinating people i just love talking to regular people they're not celebrities no one knows them they're just regular folks and you can see they are so happy to be on the show even if it's a crazy thing their take off about something but it's like i just love talking to regular folks remember the first girl you ever kissed. yes it was the name phoebe noble phoebe mel of off yes and she stood me up at the whole you. probably would. no scene no i was it was you know we was this. where on the third floor. it was a city you know new york city i got stood up for the senior prom stood up ok i've never honestly i never had
a date i didn't start saying to well it has to flow everything she calls up that and and i was the shortest kid in school i mean you know i grew to be six feet but in high school i was very short and i never dated i just didn't have date i was insecure whatever but so my sister talked when you got to gerald you got to go to the senior prom and all my friends were going so i call up phoebe believe me. i should have changed in a for which she's going to call in anyway so she stood me up and shit well here's how she stood me up the day before she called she says i'm not feeling well a lot of you know how you going to feel tomorrow night of my senior prom my mom and dad take me to dinner at the turnpike restaurant on queens boulevard in new york i'm sitting with my mom and dad having dinner shonda and all the kids and they felt so bad for me it was horrible. favorite food anything italian or
a cheeseburger i mean you haven't done your life you'd like to do. be president. if you buy anything in the world without looking at the price. great question i don't know because people ask me now because my birthday and you know i'm lucky i managed to buy things if i want them you could buy anything you want yeah i don't know. person you know my wife we're good you live with. my family is there in the t.v. show you watch you're embarrassed to admit you watch it your spring because it. was the character trait you most value in other people. honesty who intimidates you the most or what intimidates you. mean is you have a guilty pleasure oh my pleasure sick you i'm guilty of all my
your and welcome to the show this is boom bust i marinate and here's what we have in store for you today. first up we'll look into the better a battle between investor carl icahn and the activist investor and online a retail giant are throwing punches back and forth icons laying a rope a dope we'll tell you all about it coming right up plus we're bringing you part two of my interview with alex daley he'll tell us about the world and future of mobile technology you definitely won't want to miss lost and finally it's the end of the week which means it's viewer feedback today here on groom bust edward harrison and i address your questions comments concerns live all right on the show you won't
want to miss a moment so let's get to it. our lead story today the bitter battle between activist investor coral icon and the online auction site e bay thursday icahn amped up his already heated clash with e-bay by challenging the online retailer to a jewel true story not a twenty paces pistol to duel but a lot of t.v. debate now icon says the current board is not fit to decide what is best for the shareholders icahn recommended that e-bay sell its electronic payment unit pay pal and he's trying to convince a shareholders to press the company to spin off its financial transaction arm e-bay
quickly rejected icon's challenge saying quote we will not be going head to head against coral icon now this response prompted icon to compare the online retailer to an oppressive government regime saying quote it doesn't surprise me that they don't want to have a debate because in a totalitarian state there are no debates what they don't seem to realize is that unlike in a totalitarian state there are people shareholders that can answer back now icons as director scott cook shouldn't be on the board of the seventy five billion dollar company because cook is also founder and chairman of into it into it has a relationship with payment processing start up square which directly competes with pay pal now icahn also criticize venture capital mark and reason for profiting off discarded e bay also including the online voice company skype. now on thursday e-bay brought out the big big guns founder and chairman pierre omidyar who famously became
a billionaire at age thirty one when e-bay went public back in one nine hundred ninety eight here rejected icon. request to split off pay pal and said he stands by andres and cook and i mean he would say that and reason and cook and pierre they're all icons of silicon valley they're greatly respected and admired and they probably truly believe that they haven't done anything off anything unethical or anything wrong but this sort of really been dealing is common in the tech world and when the technology industry was still in its infancy people actually turned a blind eye to these kinds of conflicts of interest when it came to corporate governance but that was back then now however internet companies are an important part of the global economy companies in this sector have larger market caps than traditional blue chip companies and they rake in billions in i.p.o.'s so maybe carl icahn has a point companies this important should be extolled rather than condemned.
yesterday we aired the first part of my conversation with technology expert alex daly now he's a senior editor at casey research and today is part two of that interview and we want to talk to alex about mobile as this is increasingly focused in the focal point for many tech companies specifically the cloud technology now it's a word that we hear a lot but what does it actually mean i asked alex this very question and here's what he had to say. well the cloud is this idea that storing your documents and your data in the internet as opposed to keeping it locally provides you with more convenience and maybe more security though there are a lot of questions about that floating around today i'm scared he side with bitcoin
and everything that's happening i think the convenience of the cloud is no doubt you see these companies like box dot com dropbox and you see google with dr microsoft with its sky drive which is now been renamed to one drive the idea that we can manage and own all users data in the cloud means that they can use three four five ten devices simultaneously and still have access to all of their stuff their music their documents their videos it's very convenient for consumers and it's really driven the tablet movement and the smartphone movement by providing us with access to our documents on both sides so i think the cloud is a natural underpinning to an increase in mobility at this continued move to smaller devices in lots of different form factors one of the concern though is security. it security is definitely a big concern in the cloud one of the things you have to ask yourself is you know are you content keeping data in a place where the systems administrators of a company can get to it where hackers can get to it where it can be intercepted in transit companies take this security threat really really seriously but we've
already seen some very very big hacks we saw all problems with dropbox early on where there was a hack that allowed people to enter basically any dropbox account and read any other data the company now assures us that that that's been patched but then again they assured us that they were secure before that happened i think the lesson for consumers is don't keep anything in the cloud or out of your control that you don't want anybody else to have access to but the overwhelming majority of our documents and things do you care if somebody really sees your pictures from your last october trip kind of yeah. let me tell you no more fun than mine i don't know about that regardless it's kind of the private things you like in private but i want to turn now alex to apple and apple growth it's tumbled in recent years now the company is using cash to buy back shares so the question is is out. well. i don't think apple's stock is a good deal these levels because ultimately apple is still
a sign that the apple premium and until they can find a way to grow that multiples going to continue to shrink you're going to see their p. e. multiple come back down in line with other companies of their size with the oracle's microsoft and i.b.m. of the world i think apple's biggest challenge is that growth that you mentioned they need to find another product line another line of business that can add ten percent or more to the top line growth before they excite investors again before they can keep that multiple stable or did it go i'm back up so i don't like apple at these prices i definitely think that the entire large cap tech industry though is relatively overvalued right now most of the run up in two thousand and thirteen is attributable to an increase in p. e. ratios and not to an increase in underlying profitability and that to me is scary as an investor i don't think that profits catch up to this market before it corrects back down both apple and the other large cap players as in your opinion strategically what do you think is the best move for apple from here in order to best leverage think this thing mobile present. if i if i knew what the best or
teaching move was for apple i'd be c.e.o. of the company probably what i can tell you is the opportunities they've yet to capture include china and india they don't have enough presence in either of those markets and they are making moves into them but ultimately it's going to take a new product and that's why i say i can't predict with that it's going to take a new product line when microsoft had a top line growth problem in the late one nine hundred ninety s. and early two thousand when windows really tapered off they got into new businesses they got into servers servers is now a bigger business than core windows for them they've got into a bunch of different businesses share point is now a multi-billion dollar business for them microsoft has been able to grow a lot of four and five billion dollar businesses and grow itself to seventy billion in revenue apple's got to ask itself the question how does it move another ten billion dollars in product what is that business they're not in yet and that's i can see them getting into as google is more of the home automation more of the
sectors where we start to use computing our primary goal isn't to actually be on the web surfing content but more this ubiquitous aspect may be the living room it's the tackle with the apple t.v. maybe it's wearable computing i doubt that one but i think home automation is definitely a possibility for apple and speaking of google what do you make of google's mobile strategy. i googled mobile strategy is it is interesting in the sense that it's effectively set fire to everyone else's home unless you have the nicest one standing with android their idea was if we can compete fairly in this space and we'll put out something for free will that will be much more attractive to the o.e.m.'s will put out something that's very customizable so companies like samsung will feel like they can still differentiate themselves so they did what microsoft once did to apple they learned from that playbook and did the same thing but they also had microsoft to compete with so they had to do it for free so google right now spends billions of dollars supporting its mobile business but really doesn't bring in much revenue from it except with search and whether search on. mobile is
fully monetize the bill is still a big question for this day google still spent more on its mobile strategy than it's managed to be bring back in but the alternative to that was to not do anything at all and to risk losing mobile devices to companies like microsoft that could bring an operating system and a search engine to the party and if they did that they were just going to lose out on this market altogether so i think they made the right investments even if it's not cash flow created today ok and i also ask you that's a good point there on our use of our cash flow but just this week now can they reveal the heavily customized version of android for its new cheapie smart phone line and they're designed specifically for emerging markets and the phones were did google and just like amazon's tablet now the question is does an android leave google's mobile strategy open to this kind of platform hijacking absolutely when they put it out as an open source project i think they knew that was always a threat they have the this underlying threat that someone can take the core
android i think we realize that a phone with its service is a tablet with its services is inherently more valuable to the consumer and amazon with its distribution power is the all the badge of android and turn it into something successful and even then it pales in comparison relative to what samsung and apple both have done in tablets so while it's good for amazon to keep its amazon customers inside its universe it hasn't necessarily lived the consumer world on fire and i certainly don't think that the nokia x. is if it's even to survive the the absorption by microsoft that's going to come very very soon that's a big question whether microsoft will let the nokia x. the android powered nokia survive whether it will treat the company more like it does skype and sort of keep its hands off of it or whether it's going to bring it in-house and strip it down and do the connected platform that it always does follow that same old microsoft playbook one that frankly hasn't turned out all that well with the exception of x.-box over the last few years. alex i want to quickly ask
you this question i only have about a minute left but can you give me your views on the n.s.a. and how do you see the n.s.a.'s clandestine activities as a threat to u.s. technology companies basically in terms of cloud based business models specifically . i don't think the n.s.a. is a threat to the cloud based business model i think the one thing it's really a potential threat to is our ability to export you're already seeing a sort of fallout for cisco and other companies internationally especially with the most tenuous relationship we have with you which is china we have that wonderful love hate relationship with china you're seeing already cisco and other large vendors like that getting blocked in these countries so i think the n.s.a. you know made a big political misstep in keeping this stuff secret. a lot of this information started to become public a couple years ago then again at the same time we've been doing the same thing to china china's been hacking the united states for a long time just like we've been hacking them both corporate and government level and we've blocked hawaii and other companies from providing infrastructure
equipment in our country so you're seeing this sort of war of technology companies and the government getting involved in the hacking is making it hardest for the largest cat players but i think beyond that it really doesn't have a lot of implications for business what it does have is a lot of implications for the consumers who have to ask the question again of whether they trust the people who hosts their data alex thank you so much for your time manner and say we really appreciate having you on the show and hope to have you back soon thanks. that was alex daly senior editor at casey research. time now for a quick break but stick around because when we return we're bringing you the best of the best from this past week now we've assembled some seriously quotable clips that you won't want to miss so stick around for that plus edward harrison and i tackle your viewer feedback in today's in the margins but as we head to a very quick break here's a look at some your closing numbers of the bells stick around.
there is just too much. of a diet. that. welcome back now this past week we had some great guests on our show absalom merck and doug casey said some pretty great stuff about the intersection of the real economy and monetary policy plus both chris martenson and dean baker gave us detailed previews of what to expect in two thousand and fourteen here in the u.s. take a look. challenges that because we base this recovery on money printing and how surprised inflation that as if it was over is trying to untangle it so the mess it's gotten itself into if things are going to go downhill again and the reason why that's so dependent on the fed is because part of the recovery for example based on
home price we covered well there's interest rates creep up we're going to get significant headwinds to what we see is companies like wal-mart struggle to make things and that's not a company specific target had problems amazon have problems that means. fewer wealthy folks that can spend money but if you actually have to work for a living and have a standard and a crop it's going to be a very very difficult challenge to make a living and so this recovery is really based on that and if the fed is sneezing oil of janet yellen as catching a cold we don't have a problem in the economy but i'm sure your first and foremost on the. actions of some troll banks around the world. their reaction to any weakness in the economy is to print up more currency units and this is happening all over the world in the united states and europe and china and japan i mean all these minor countries as well so from what i expect to see even though we have some volatility now it's
nothing compared to what we're going to see. here and certainly with that here too you're going to see much higher levels of them solution all around. world and actual financial chaos in my opinion wow now there's been a bit of chatter about moving to safe haven assets is now the time to buy gold in your opinion. well let's put it this way have there been two times in recent history when gold was not just a us per asset to hold but a superb speculation that was a nine hundred seventy one when it was thirty five dollars an ounce of subsequently went to eight hundred fifty and in two thousand and one when it was about two hundred fifty dollars an ounce and it subsequently went to one thousand nine hundred and i point out that in two thousand and one at two hundred fifty it was cheaper in real terms than it was in one thousand seventy one of thirty five dollars ok now that's sad it's
a little over thirteen hundred now right so it's not a giveaway bargain but it was ten years ago that twelve years ago but the main reason you buy gold is because it's the only financial asset that's not simultaneously somebody else's liability so that's the reason you buy gold today it's a good speculation not a one way speculation anymore but yes you should own gold everybody should own gold a significant amount of gold. well erin we've got a lot of mixed signals here obviously i'm not a huge fan of using treasury yields to tell us much anymore at this point because the fed is so distorted that market one of many markets the that they have distorted so badly but as you rightly note june nineteenth and twentieth of two thousand and thirteen with ben taper talk wasn't just bonds that sold off everything sold off we saw stocks bonds and commodities all take big hits at that point time that could be a measure of front running i think it was more a measure of the extent to which people had somehow thought the fed was always
going to just continue with the free money forever even the thought of the fed stopping the free money obviously is going to have huge impacts for all sorts of markets the equity market in particular is really very much hinged at this point on the idea that the fed will print and print more all this. now are the rise in prices prices in the fall and yields is this a sign of economic weakness in your opinion. well i think there's a couple of things going on one of the first of all this is a global story now and we have to look at the flood of liquidity that's been put a cross the entire globe and we watched it washington to places very beneficially like turkey like india like venezuela like argentina now that that's starting to wash back out it's a very on a virtuous cycle as it starts to come back in where is that money when it starts to rush out of those peripheral places well it rushes back into the core so i'm expecting to see things like rise in treasury bonds in the united states to actually reflect a lot of money coming back looking for
a place to go and let's be honest a lot of big money is very uncomfortable rushing into equities at these prices we even saw in recent days where we saw the short term money the thirty day and under paper at the treasury go negative for periods of time which means that people trust that source of getting their money stored in back from the government more than they trust other institutions so in this story i think we have this huge flood of liquidity that went out and now it's coming back in and that's going to impact treasury prices maybe even equities for a bit well there's two things going on i think the main force is first off the growth and second half of last year was inflated by inventory cumulation very very rapid pace and inventory cumulation i don't think anyone could think i would be continued so if you pull out the inventories the growth was somewhere or a little over two percent so that's kind of the underlying growth rate that's what you would expect it to fall back to once you have the adjustments so there's two stories here as we get into the first quarter want to slower pace of in a trache motion that means a drag on growth that's a negative second thing whether i was really it whether i keep to i when i was
still poor you have for the longest time i stop comparing let's listen we're not out of the we always get bad weather in december and january so that's not news but this was definitely worse and i'm saying that because i got stuck in minneapolis because i started to go but i personally felt everybody said no it definitely was i would say through january it wasn't noticeably worse but through february it definitely was so so i would. that was had an effect slowing growth you know half a percent maybe as much as three quarters of a percentage point so i think weather really did have an impact due to the weather it had something to do with extreme weather in places that aren't familiar with it it wasn't like a lot of snow in new york where they can handle and there can accommodate it was atlanta and other that's right you had a lot of areas in the south that don't typically get such severe winters so the fact that i mean that's why i was putting it originally so that you know that new york that snow or boy you know that happens in january so that's not news so it is when you get in atlanta it shuts down much of the south. oh mother nature now that
was the best of the best from this past week time now for in the margins. it's in the margins time with edward r. said now every friday at harrison and i we put you the viewer into the driver's seat letting you steer the show with your comments questions and concerns all sent to us throughout the week via twitter you tube and facebook now the first comment that we have it comes from disco pro joe great name by the way just for a project he writes or she and her sponsor doug caseys interview on tuesday japan doesn't need ave nomics it needs austrian economics bear in mind that if wages fall while consumer prices are falling even faster than real wages are rising now two comments on that thread had responses first was this direct response it was from
a temp trevor pickers gill also a great man who wrote that has actually been happening in japan for fifteen years wages and incomes stagnated in the mid one nine hundred ninety s. while combination of things cause study price deflation but the only result has been anemic g.d.p. growth then separately dreams wrote corporations will never raise wages that's not what they do to keep wages low to increase profits for their investors trying to change that would be like trying to force a water back up of waterfall by saying please i love that analogy ed what do you think about this. you know it's a really intractable problem and i think that japan is something that we're going to be looking to we. developed economies both in the united states and europe because i think that both europe and north america could face the same problems in terms of the high levels of private sector and also stagnant wages so the question
is if you. high levels of private sector debt and stagnant wages how can you get g.d.p. growth continues to be high every single time there's a recession you know that gets in the way and you basically have the economy going to fall tremendously you have financial crises the way that we've had before and so what we've seen in japan basically is that they've had over and over again you know three or four times over the twenty years and they have been able to get out of what i would say is that you're never going to get out of that especially when private sector unless you move to full employment for us because you're never going to get wage growth without full employment very go heard of her from now or next coming comes via you tube from plausible twenty eight hope i'm saying that right here it's w t f x the world com m.c.i. had. her part of horizon everyone knows that except for your producer my resume is
on there one my way well. on its own leave it to you but you know i definitely just broke it was barraged and it was. and so i think it's great actually that we're calling this particular quote selected it because you know we make mistakes we jam and. we want people to call it. want to do we want to make the most frequently as possible but if we do please let us know now last but not least dionne henderson called me out yesterday as for yesterday's episode when i referenced lyrics that i said were by marriage but no dionne schooled me that's for sure writing no money no problems was a biggie had our income on our i.p.o. tourist dionne you are right i am sorry but he would thank you as well that is all we have for now i have a and. you however before we headed out you can see all segments on today's show on youtube dot com slash boom bust r t you can also. pointed us out air raid at edward
and aids from all of us here thank you so much for watching and catch you next time have a great weekend shadow. i've got a quote for you. it's pretty tough. they wait substory. let's get this guy like you would smear about guns instead of working for the people most nations in the mainstream media are working for each other right procedure to fight . the drug.
markets why not. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report. and. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on r.t. question for.
russia. crimea are in full compliance agreements with ukraine the new government in kiev whips up military hysteria. what's more an m.p.'s threatening russia with leverage even if some of the country's revolutionaries bloody reprisals against the very they helped. in syria meantime rebel convoy attacks attempt to wreck their chemical disarmament operation to undermine the government's credibility with the international community.
all of us here at r.t. international welcome to the program and today's top news headlines i'm live in moscow russia's actions in crimea within the scope of agreements with ukraine on the presence of the black sea fleet. from moscow's permanent u.n. envoy now the new authorities in kiev getting exercised over troop movements and that concern has been echoed by barack obama but the u.s. leader didn't specify exactly what it is that he's worried about. reports. president obama says the u.s. is now quote deeply concerned by reports of military movements taken by the russian federation inside of ukraine then president obama goes on a warns against quote any military intervention in ukraine this leaves us with a lot of questions what movements does the president mean russia's black sea fleet has been based in ukraine in crimea for many years and russia's military does make movements there all the time under existing agreements between russia and ukraine
according to moscow those movements do not extend beyond those agreements we heard from the russian ambassador to the if you want if we have an agreement with ukraine on the presence of the russian. black sea fleet with a base in the sebastopol we are acting within the framework of that agreement so you have moscow saying that it will but president obama was apparently echoing the statements from interim authorities in kiev rather than reacting to what moscow said or do on the interim leader in q spoke shortly before president obama and accused russia of a military invasion and the white house for the fear of the tensions are saying president obama may reconsider his trip to the g eight summit in russia if moscow intervenes militarily again there are no statements from moscow i would back up those warnings and and threats we even heard from the u.s. state department earlier that it cannot say that russia has broken any of its commitments and the chooser ukrainian affairs analyst told us that the white house
should think twice before just relying on hearsay. i'm thinking is happening with the white house is that they're using this is a pretext to cover up their own involvement i think it's infinitely easier to clip to now accuse russians of intervening in ukraine to cover up the fact that the current crisis is a product of american intervention to begin with i haven't heard any reports of russian troop movements i know that there are several russian formations stationed in the bases in the crimea as per the international contract signed with the ukrainian government years ago and that there were reports of local militias being set up to respond to the use of patient of government in kiev so and then of course there are conflicting reports from u.s. sources that the government sources are saying there's no true russian movement and then you have certain media basing these reports on certain activists again who have no credibility and are frequently anonymous and says it's it is believed or it is reported who is it who is reporting it who is believing here that these are
russian troops until we know what's it what exactly is going on i think it's irresponsible to start accusing russians of a military intervention. in the meantime as some of those who helped the current kiev government into power already vowing to against the new authorities. what. the right searches for it is a very deep i will destroy anyone who comes here i will hang the interior minister like a dog radical militant leader alexander was seen here reacting to the interior minister's pledge to investigate his recent actions on thursday he broke into a regional prosecutor's office beating and bullying the prosecutor's assistant and threatening him with a gun this activist from the right sector group has a long history of radicalism is known for his anti semitic a neo nazi views as well as for fighting against russian troops in the chechen campaign of the nineteen night. barely
a week representatives of the new ukrainian government are already threatening to literally go nuclear if they don't get their way a deputy from the border party warns that kiev could go back on its own constitution and restock its nuclear arsenals within six months. reports. double standards goal or washington suffer sleepless nights and paranoia when it comes to the nuclear capabilities of countries like iran around nuclear program around stokely or program iran's nuclear program but the us turns a blind eye when it comes to provoke it if statements coming out of key have one member of the ukrainian parliament's ultra nationalists aboard a party warns that a fresh a dozen tread carefully it will be dealing with a nuclear power that's the rhetoric despite ukraine signing up to the international nuclear nonproliferation treaty of one thousand nine hundred four there is a double standard when it comes to the way that the united states deals with supposedly nuclear threat from iran which let's not forget there is absolutely no
evidence whatsoever that iran intends to develop nuclear weapons or for aggressive military purposes unlike iran the warning from the ukrainian lawmaker includes an actual deadline of just a few months this in a conflict torn country where even the most pessimistic predictions ended up becoming a reality but none of that seems to disturb the u.s. the money that we can't use to be poor in the hungry in the united states and in europe that money is going to support nazis in ukraine with nuclear ambitions who are looking to destabilize the region and whose sole goal is the destruction of russia yet another example of hypocrisy flying high from a country that touts itself as the world's leading democracy and cannot r.t. new york. well we've heard the threat but is it really feasible here on ars international we've been putting together the facts about ukraine's nuclear capabilities and here's exactly what we found ukraine is a bit of
a nuclear addict jools almost half of its energy from atomic power and is home to europe's largest nuclear power plant the atomic agency of ukraine is very closely tied with that of russia and all the reactors are actually of russia design now let's show you a checklist of what it takes to build a nuclear bomb manpower and know how to check ukraine has the facilities and scientists in the field as for fuel ukraine buys low enriched uranium from russia and it is not weapons grade if you don't want to waste time enriching you can use a reactor a waste to make a dirty bomb but to do that ukraine would not only be breaking its international commitments but its very own constitution which forbids nuclear weapons as for delivery vehicles a nuclear payload can be fitted into a simple. rocket but can it all be done in three to six months the answer we arrived at is yes so called a dirty bomb could be put together in the time of political and economic catalyst
martin saif from the globalist news website told us that threat is most likely all talk these threats are probably be extremely irresponsible bluff but it's very alarming to hear them being made in the first place the new government which is now emerged didn't keep. other figures like the opposition statement needs to act in the responsible manner to earn the deserved respect and trust and cooperation of the international community that comment is disastrously character productive and should be seen as search. the majority of the population in crimea is refusing to recognize the new author already in kiev when a key figure in the coup arrived in simferopol he was driven away by an angry crowd this video coming your way now shows him being blocked from entering parliament by local protesters needed his own security officers to step in and help get him back
to his car and get out of people in the mostly russian speaking region say they fear an influx of ultra nationalist squads fresh from the uprising in kiev on friday self-defense groups took control of two airports and the air space center of all is now being closed until saturday evening there was unclear on whose orders. you're going to spin off reports from crimea. these people don't have any identification signs on them but they've now became known here as the self defense brigade teams themselves say that they're protecting the local population from any possible extremists or rights which may come from the new authorities in kiev and they have security at the local palm and building they are allowing deputies in and out and they are able to work in an orderly fashion now also they are patrolling the local airport here in the capital of crimea and are saying that they are the main purpose of of their stay there is to protect the locals and prevent any
conflicts from happening let's listen to what one of these people there at the airport had to say. my name is one of the mayor and we represent the crimean militia the airport and its services are operating normally as reports that it was seized by unknown people well everyone knows us we're crime means our militia unit consists of workers retired officers and pensioners our goal is to prevent radical and fascist elements from ukraine come in here and carry now the extremist provocations that's why we the civilian population of crimea came together to programmed the arrival of different politicians both russian and ukrainian who would escalate tensions in ukraine. no one paid us to come here. own free will. in the meantime scores of people have been taking part for the past few days in pro russian rallies in the center of the crimean capital they do not recognize the authorities came to power there in kiev as the legitimate authority those are the power of the ukraine and the local palm and also set the date for
a referendum to be held in the crimea which suggests should decide whether or not the republic should have even more autonomy from kiev. reporting at the same time that people in eastern ukraine are readying for a counter protests against neo nazis and the my down movement and they're planning peaceful rallies using social networks so you can see right here demonstrations are planned in a number of cities across the east and the south of the country in the heart of course activists say they want everyone to see the real situation in ukraine and to reject what they call the nationalist dictatorship rising in the country in donetsk there's a wait to see if the citizens will move against occupation and intervention and tell the opposition leaders to form a ones that they are not welcome. and while the whole political process rages on the economy continues to crumble robert oulds from the group political thing tank he says there is little chance that even the western
powers the support of the uprising will be able to help ukraine now. the problems of the largely created in ukraine by western european union and united states involvement to really seriously destabilized ukraine's economy fall in direct investment. government that is now which used to junk status people will not be wanting to invest in ukraine getting its economy moving again there's been some serious political turmoil and that is never a good situation for encouraging investment ukraine has some very serious challenges ahead of the collapse in the value of its carbon c will lead to high inflation things are not looking good to talk. and i thank for joining us here now to international the hope you can stay with us some more world news coming away including the story that why do these rules get britain slapped with a massive e.u. fine for some politicians though it's all just. one of them tells us what he thinks brussels is really up to
a softer the break. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our. we've been hijacked right handful. of corporations that will profit by destroying what our founding fathers once my job market and on this show we reveal the big picture of what's actually going. to go beyond identifying. rational debate and real discussion critical issues facing. you know ready to join the movement then walk the.
i know c.n.n. the m s n b c news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate the time. that was funny but it's close enough for the truth and the might think. it's because one whole attention and the mainstream media work side by side the joke is actually on here. to be coming back . at our teen years we have a different approach to the good because the news of the world just is not this funny i'm not laughing dammit i'm not ok. i've. got a set of jokes that will handle the stuff that i've got to. it's
a saturday morning here in moscow it's r.t. international thanks for joining us syria has repelled two attempted attacks on its chemical weapons convoys of the arsenal is as exposed as ever during the operation to destroy the toxic arms with militants exploiting that vulnerability to derail the process a poor are now reporting on how the civil war is hampering the ongoing disarmament for the first time in history a country tasked with destroying its chemical arsenal while the war the problem on chemical weapons is that the syrian regime has foot dragging and is not moving forward in the way that the security council. laid out that it should move forward it's true that syria is struggling to fulfill its promises and commitments but syria denies in the very strongest terms it is deliberately slowing things down.
look at the history of syria says the formation of the united nations of which syria is an establishing member will show that syria has always been committed to its files it has never given a promise without fulfilling it when we talk about transferring these weapons we talk about hundreds of kilometers the need to be passed in safe conditions the terrorists threatened they would and try to target the convoys. damascus says it's too destroyed stockpiles have been slowed down by radicals sabotaging its effort they've attacked weapons carriers and made transporting the chemicals even more difficult and dangerous syrian soldiers have been killed guarding these chemical weapons these deadlines were set only for a matter of weeks for syrian state is for the u.s. to damascus has repeatedly said it will abide by its commitments but the opposition has yet to make the same claim what's more even the organization for the prohibition of chemical weapons who is managing the removal process says the given
deadlines are soft deadlines and the waste should not be too concerned about them being missed at this stage and. when you put a schedule you'll put it directly on the ground we're just sick and security conditions may alter and many obstacles mean there are. a fourth consignment containing mustard gas left syria a few days ago delays are not insurmountable delays have a reason there's a rationale there's a context syria was supposed to complete its chemical weapons removal by march but damascus is asking for an extension until mid may to complete a job that everyone knew wasn't going to be easy policia r.t. a middle east journalist our current nuclear old who's been to syria many times so those are not only the rebels that are hampering the process. there was not provided with the necessary equipment to lift all this material. because syria was not. did not have this material
and was dependent on some countries to provide this material to its equipment to syria there is a war in the country and the syrian government has to provide the transport and the safe passage from the material of the storage sides to the harbor of some country is asking the rebels you know to deliberately attack these storage sites and it's very dangerous. part on the hour every hour loads of stories always going up to dot com featuring this one it could well be time for you to give your password policy a massive make over because you might hold one of the three hundred sixty million personal accounts that have had their access data stolen in a series of. one of which could be the biggest online breach ever details on that right now at our two dot com. also there solitary confinement for colorado's new prison director purely voluntary though pretty sore enough to convince himself that
conditions in the state are not acceptable. now in the program britons are lagging behind in cleaning up its polluted air quality and i could see it having to cough up an e.u. fine of hundreds of millions of pounds some m.p.'s in westminster say it's a smokescreen covering up some political game play is laura smith. another breach of an e.u. imposed diktats a not the by this time it's about pollution the u.k. has failed to meet e.u. target to reduce pollution so busy road been made to safety have higher than a green levels of nitrogen dioxide the target should have been met three years ago and now the government has two months to present a plan and the cost of notes doing that it's a staggering three hundred million pounds some say it's no secret about the rules
anymore because britain led the way in first of all stopping increases to the budget then leading the charge to reduce the budget first time and is that the e.u. bureaucrats are really targeting britain and no doubt some other countries to try and make up the revenue will die in opposing fines for even the slightest technical preach that's if accurate is reprehensible and i'm acceptable and just once again shows that this is an organization that is out of touch with the realities my constituents and of his face the e.u. has singled out britain for persistently breaching that quality directive regulations but it's not the only reason the u.k.'s been flat on the wrist by the e.u. by the end of last year there were no fewer than forty seven north seats outstanding where the u.k.'s accused of breaking european law they cut
a massive range of things from import duties on fresh garlic from china to truck through emissions to the cleanliness of beaches to toy safety all of those north east could end in quickly by the european union. the mother into the headlines for you venezuelan national guard soldier has been shot dead during the latest wave of classers in the capital that brings the number of victims now to eighteen in three weeks hundreds of anti-government protesters in caracas were venting their anger against alleged abuses by security forces the crowds erected barricades and attacked officers with molotov cocktails and stones or the police responded with tear gas and water cannons. the u.k. police have arrested former guantanamo bay detainee more bag charged him with terrorism offenses linked to the syria conflict and the man who is a british citizen is accused of carrying out rebel training and funding terror acts
but it was held in the notorious guantanamo bay for three years without charge he was finally freed in two thousand and five and in recent years bag has spoken frequently to describing the inhumane conditions of the prison you can watch his interviews along with other guantanamo bay updates on our website that was him earlier speaking there to my colleague bill dog. or to australia now where people in the southeastern town of moore will will will they have now been advised to leave their homes because of a raging fire in a nearby coal mine the smoke and ash of shrouded the side of almost three weeks officials suspect arson for the blaze that for now forecast to last ten more days. joining us here in austin international ahead for you a look at surviving drug addiction and mental illness in california but if you're in the u.k. are you going underground without should return thanks for watching. us
is the easiest place for billionaires and dictators to launder money why because it's the only country in the world you can have a nominee for prices a lot of americans create overseas and then those that succeeds create anonymous corporations in america so they launder their money in america general electric they make billions of dollars in revenues they pay less than twenty million dollars in taxes last year because of a massive fraud because america is the easiest place to commit massive.
we picked up on an interesting point because it's a really matter what party is in power in the white house or in congress it's the same same show over and over and over again and it seems to be the same since the weekend of the second world war if you look at the actual results of intervention maybe the democrats may work through multilateral institutions like united nations or nato but in the case of libya and also in the case of syria clearly it's the same as neoconservative foreign policy that was driving both of those efforts so there's no difference between the regime they just represent a different style but there is a difference between
a multilateral approach that brings in your western european allies tries to get their militaries to pay for an effort gets everybody gets a consensus going up there's a difference between that and what we got from the bush administration after nine eleven with which was you're with us or without us. would you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked right handful of transnational corporations that will profit by destroying what our founding fathers once i'm job market and on this show we reveal the big picture of what's actually
there is this is a real life experience to see people get beat up every night people get robbed us of people to step us and i've seen people get hit by a car pay b.o.'s you don't notice you don't pay the car knows you're no response to release we're not here because where homeless just less of a home baby my reality was that i was there you know skid row is the last house on the block at g.o.p. but just in my neighborhood you know i am. basically almost left on every street down here at one time or another i think i would never ever live in a way else you know skid row is my home. as many as eleven thousand men and women make their home in l.a. scattered around. about two thirds. struggle with mental illness truck addiction or both but it wasn't always this way. i came to skid row it was more like skid row's we identified only drunks only drunks on the street.
it used to make terrible he told piers i'm garnishes drunks. and when it was really safe because they were not very aggressive now we have young strong crack addicts who are many times are willing to take a chance of rolling stone to get their money to get some more crack it's a different addiction. there's always been efforts to get rid of skid row in their war and for people who are unable to live in the world and they were given the tried to move through again and again but just moved into a different area when big money developers began to revitalize downtown the flop houses got new neighbors and penned houses and high end lofts. there are not many places where the gap between rich and poor is a striking as it is here. literally there is just a block or tear separating those two things and i'm cruising where there's nothing
separating those two things chuck for julian overtight i'm scared wrote this is the new improved nice filter becky it would be rob if people didn't come down to see into downtown this well the era let's leo and of all this is dirt fields and burn barrels and they will cut your throat down to your people to come past main street you doing this is called the pit spec the down. the people have told me different also a whole generation. is good rose now just stand close potential real estate story of a ground floor it's clear that people are interested not much interest on the people who are on the ground everyone who lands on skid row has a story to tell about how they got their. for many it's the last stop after losing everything for sun the fall is the specially term magic my life you know prior to coming to skate row was. in some ways like most people in other ways it was
a little bit different you know i am i was born in compton grew up there with five brothers and sisters lost my dad when i was three my mom when i was fourteen at that point i moved out to california and i was an athlete in high school and decent student and started smoking weed you know in high school at the age of fourteen after my mom passed away yet and still you know i was good enough athletically to earn a full scholarship to university of iowa state university where i was a national champion in track and field and also was able to go and qualify for the olympic games in eighty four where i actually competed one of silver medal so at eighteen years old you know obviously going into the olympics a year out of high school was very exciting i had a lot of emotion going on. you know one nine hundred eighty eight i started to experiment with other drugs they ended up you know getting involved with cocaine
freebasing cocaine and that was the beginning of a twenty year journey for me as an addict i had lost everything i had lost my shoe contract i had lost my house i had lost all the financial means that i had and was really on the street. sleeping on the street for the first time and actually laying down on the sidewalk you know and trying to close your eyes and next to go to sleep when you're outdoors those are the things that as an addict that most people don't really talk about so the first time i came down to skid row i was pretty much our five. i was amazed at the numbering lower down here i was amazed and where some of the people had come from. midnight mission first opened its doors and nine hundred fourteen cents and thousands have passed through its drug and alcohol treatment program. two hundred
forty four men occupy this space here at the mission and we're going to go and see where i got my humble beginnings in recovery this is the residence when you first come into the midnight mission everyone that comes in has to come through this dormitory first. so this was my bed c three up and you can see this in the this is just the way it was when i when i got here i did a lot of soul searching this bit right here i had to make up my mind whether or not i was going to try to stay sober what the program was for me what i was really doing here you know at forty one years old what are you going to do i mean at that point for me it was either you go forward you know what the other lifestyle or you try to pull back and do something different. any time you can fall from grace or you fall from from lofty heights if you want to use that word. it's humbling.
the area has always attracted outsiders. three. some stay for a. while others never. come albert olson but everybody calls me bam bam i'm a punky ex new yorker my story starts way back when i was a kid unfortunately. nursery school would be my teacher would a chair i was thrown out of every school ever want to have been seeing elucidating and hearing voices i was since i was a kid i got i'm one of those cases where i'm bipolar schizoaffective i have anti-social personality disorder p t h d i have intimate rage just sort of a major nightmare disorder i also have a gender identity. sort of where i am taking hormones for a transgender issue for sexual reassignment to get marilyn down the color of their good spot to some of the best era when it's. cracked up bad it we'd mans out an x.
box i came down here for hollowing most two years ago this only to be two years for me so i spent a good two years down. they got ever do it at their commit suicide next time. so nasty horrible and everything's over the place makes you you know makes you want to do something with your life size doing this because this is really rough to do this and i went to the service i got from out of the service for bad conduct one thing is really stinks the fact doesn't rain here it doesn't wash the urine in the pool the way it's a smell just gets worse and worse i beat up my mother and my sisters and i took my kid and by losing my kid and everything else i really really really were smart and i was where i first became homeless because i couldn't rationally. deal with where my life had gone i've been electrician for all these years are always worst. back in the mid seventy's through the mid
eighty's we didn't call them homeless back then we were emptying our mental hospitals by basically saying now we have them instead of help you and you can also get on disability so go forth and take care of yourself the predominant population on the row at that time and continues to date are the homeless mentally ill obviously many of them are also involved with addiction and and sometimes you can't figure out which came first and that doesn't even matter the fact is they've got melanoma serious mental illness because the institutions don't exist anymore breaking close down all of those places and they took all the mental people and they gave it to society and then where do we go you either. get locked in and smoke a cigarette three times a day and when they tell you or you sit out on the street you become homeless and you can at least have your own life to some point. in many ways it's an open asylum
for the mentally ill we don't have closed asylums anymore except for our jails and our prisons l.a. county twin towers jail is the largest mental institution in the united states. because we no longer hospital or are mentally ill so we criminalize because of their behavior on the streets people were really questioning me like how can you open a place just for people who are crazy isn't that really stigmatize. and i said no i think we're going to be just the most righteous best. center we're going to have the best food we're going to feel like a family we're going to just make it a place people want to come to. so that people had a place to stay. by like two thousand and two we had one hundred employees
half of them were members we also set up our own. i came on take with some of the most beautiful people. that one could ever know we're. a family. you know we could be together we play cards to gather we sing together karaoke i. deal with all types of people. first never anyplace i mean all types of people all types. and. i people just like me depression was one of my biggest things. seven years ago i love this it i was. i do it in a way every time i do it would say i have. this.
girl in and out around the city nurses. my body. i know my. own my body i had my breasts removed dealing with cancer so i'm trying to be strong and i'm trying to be you know it you know and. what i have right now what i'm doing right now is. taking care of my business no matter how much pain i'm me and i got to do it. this is what you. children of the industrial revolution. as well as the oil coal gas water to treat. the supply of this energy crisis. that.
pipeline. to. china. the. pain of the young girls cam all for of a future hotter. between two and three hundred million guns in united states so you can act like they're not here and take kids away from them. deposits out if they lard you know i mean this teaches them a lot of sponsibility says the candidate through the eyes of children if we can do it for our children for our future what is the country will solve.
those homeless afford to lose blood sure. it wasn't because i couldn't get it it's because i didn't want to go in. and do funny. stuart who came to me sued you really become of history in the so you should be made into. a car from a home very good home. very good home but i want to be a long street b. wow. i learned i learned i would store school locks because that's what this is an issue very wise to life and people. can read right away. i mean the death bitterness where you guess what everybody with the media not i just admit it you are saying. whores on one side of my lowly side. just paints. all
those killed up in the spring. i was floored is a trait of house over here in san pedro my father was in the service in world war two when i was. in new mexico where my grandmother was born from the men. it's a rich and powerful plant in new mexico it isn't i would put four years altogether in arkansas and i put the last twenty years in hail but. i had my first cats when i was three years old leven i've been feeding these for over five years now i had to pay for fifty a month or kept. the i had to pay two and three and four dollars a night for star phone containers and a body like eight dollars for just a few those things that struck me worst when i saw the skin. clean fresh water for
the birds and cats they let caustic solutions and all kinds of poisons go and cite drugs in the waters to camps and the birds are drinking and no clean food supply for them who should know by now if those are my children in here to scare food with a lot more contact the other cat or. kid who can't get a sick kid again say if you know there's them this now this is a problem the uniform know this no this is the one that had the signs kid right here. the monkey in kitty and it looked like a rat well the smashed face i got it to a marine here. so we hopefully will have war. fellows kill them we once had a lot of red in her war yeah that means i don't care for anything rev moon. wound they'll throw her focus or their grievances against the jets are going to be born knowing that the mean man with the ransom was muumuu last line moves into mass
lobbying for ok and this then my signing. and guy's a psycho it will incite them someone i don't want to see on they come out of it like he sits around and do nothing all day long and her rifle roof sexually harassing. thank god right there was no starker when it was all psycho level will anything man what those who take that land are way their own unless they're not here so no. room to room but i mean ever does a guy was bollinger one i just don't like. people who take advantage of those people. when he was taken advantage of sort of being the shia for good news there she just kind of adopted me as her fiance and i've been her fiance or says this been nine years ago reduced or two to like hers. person and i start to understand
her who she is right here and her. mental illness with the collection of trailers she has stored just full of cash like three different ones just completely piled up there she pay every month nothing but. who she is and i take her just who for who she is and that's why she loves me and i love her for that. except for that i guess that's hard to my blessings from god. you know because in the beginning was like her but i truly i would defend her with my life if you believe that i'll die behind this will lead you right here. to. life and. life with a conundrum could be. so strange and everybody down who knows that if they bother her today they're going to have to deal with me so they basically don't bother her at all. they hate that she cares all the church.
richard b. a long time to people why you are off the street or why you don't or she won't she doesn't want that see people understand she you have to let them be who they are when she's ready to go inside sure bortsov you she wants to live on the street you have to let her live her slots or should i say live on the street even though she has a record. she's a trail like lines there were she go. through even those mothers will set the money he she gave him he's been on drugs and these people give me wonder and no one else to buy more they keep psyching him. and he almost finished his psychology course in with three years of medical school ended up at medical school and crackle i can end up so bad can memory thing and now i see that one back to medical school even though he has pancreatic cancer listen to really sick most of the a c. is a lot of weight. because real lot of grief. and ok we're fairly well paying for life
. well it was. this. i was sleeping also enjoying a blanket. real close friends. sometimes i still sleep. sometimes inside it reminds me of why the hell out there at the age of sixteen. i try to have my so committed to a hospital because i wasn't going to acting with other people and healthy way i didn't feel connected to anything i remember feeling very depressed and.
i wanted to save the world in myself you know a headache if i go in at sixteen i never have to come back out again but they would accept me. they would be a bad place to be you know i ran away from home at seventeen years old and i actually kind of job paid. school. that married and. had my daughter my first twenty two. and then my last honor. their father divorced me at that point i mean. there was nothing healthy about. everything with the store did. i don't know how i raised those three girls.
when he said that my father passed away that hurt me really bad i've lost everyone in my life that i cared about their goal but when that happened i came to skid row . i developed a real bad drug and quickly came and came here. and i really did him and never thought about it i just knew a new road would roman do nearby spoke metzer that's what i'm going to do. but. that's what i wanted at that time and i said remember. being keep doing what i'm doing is going to happen because i just knew i was a little from glad as to say enjoy it and maybe a down syndrome. really does make good to me he says he's used to being through most turbulent times now to
. joe's new situations are part of my addiction is a drug addiction crack cocaine also addicted to the lifestyle of downtown where. no one judge a single. grew up in compton rock or southern run horse i was three years old. people or so they have horses in the back yard but they've never oh i just are going to horse take him out no he didn't ride to miss it you wrote in the first. row i do i'd tell him for a ride horses i knew they had like a four and i had a stand in to the old old why you like it so look what you did before i am they they spark me yeah that's what i want to know too that i like the smell of eleven when they spark me i say let's all awarded for the. best all our horses they
spark me to sign what my dream would be to never ranch. be were horses you know. just be around smell them walk ride a baby. teach people about. when to come the horses believe that. i know it i get it because of the house arrest so many people you know if i left i. used to give place the wall of wall people up and down the whole block and you could hardly walk up and down the street cause could be a pet malakhov everything gone are everybody's either in jazz. it's hollywood or somewhere else we don't need more people mental institutions to lead more doctors to come down here so the more people passed out sandwiches that's what we really need we need more understanding we need the awareness that we're not . three three. things impact our central nervous system the
environment that we grow up in and that we live in our d.n.a. basically what we're born with our genes and drugs. don't i mean is the reward neurotransmitter i mean it's what sane and release is from our brain cells when we are sexually aroused when we smell something good we'd like to be when and. we smoke crack the brain of a schizophrenia person untreated unmedicated is a wash with dope on the more sold in the brain of a person who doesn't because from. the scripture frank brain cannot filter out the noises the heat. the vibrations the other people talking to you it's all coming in at once so the medications that we give people
for schizophrenia reduce the don't for me unfortunately they reduce it too much and they feel good in some state don't get to feel pleasure any more. these folks wake up every morning and have to face another day being a stigmatized marginal person in the world and have to make decisions about using street drugs or using prescribed drugs street drugs or easier to get them prescribed drugs street drugs feel better prescribe drugs don't particularly feel better in. hence everywhere it is mentally ill people there's always a major mileage or because we need them there it's on medication for self medicate so be it how else would i do it what else would you like me to do i can't even get my mom would answer the telephone what am i supposed to get my medication so get drugs soup on the street be who i am try to make it.
winter is when the sahara comes to life. away says palm trees are being harvested. people are waiting for the biggest event of the year. the desert festival. this is through a video out that is. leading camel races have spent the last year preparing for the grueling marathon. the day before the race there's a heavy sandstone overcoming the power of nature is a never ending challenge. a desert went to the nazi. in two thousand and seven one of the first things released by wiki leaks was a secret video recording that actually looked like a video showing two americans actually collect talk just opening fire on
a dozen people in iraq this is going to means to live in a society of images of violence become normal this is what the sense of isolation and lack of empathy look like. when we try and experienced introspective disassociate our own in body and actions from the table but we also have some sound from certain kinds of marilyn vos but i absolutely am frightened of the potential of games desensitize people we know they can because the military uses games to places. old media of war is not simply. but it is killing and killing exacts a penalty of the killer and people for whom it is defined by the popular media the doctor that was. set up.
they look like bounty islands where the locals can enjoy the sun and the ocean. but what was buried a few years ago. means these people are suffering the consequences. how much more poison lies on the this ground. and behind this still is when there is what we call the callet bankole which there is a because it alters the code you left by security test which calls for this version of radionuclides despite your the screening efforts there remains the don't hold it last a little less than two of the laws of the journey and when you're stuck in iraq going down to the coral reef and over south of i ten meters down nuclear tests
a never ending legacy on r.t. . the wheel caught on the roadside just the car skidded at breakneck speeds and fell into a ditch and i was thrown out of the car she was like a broken dawn it wasn't a single shoulder piece left dozen i thought if i lived and had a chance to start my life from scratch with it i would start making dollars to help children it. could go on right after he was born the baby was all in casts. his legs are getting bigger and the ortho says get too small so we have to order new ones said lorna has raise money for us she. helps us to get a leg braces five years after my potentially fatal injuries in a car crash i gave birth to my little niece says i think she's my reward for helping all those children who is selling the dolls to buy life for the children.
the right investigation the fishing industry reveals the hidden in troubled waters of fish fun to be around the pond to me because. i saw it spread all over norway is the most toxic food you have in the whole world growing profit defeats officials inquiry furthermore health restrictions. and. really know what's inside the. jail fish. on our teeth.
russia insists its actions in crimea are in full compliance of longstanding agreements with ukraine all the new government in kiev whips up military hysteria. and what's more an m.p.'s threatening russia with nuclear leverage even if some of the countries revolutionaries about bloody reprisals against the very old dorothy's they helped out. of syria where rebel convoy attacks attempt to wreck the chemical disarmament operation ultimately to undermine the government's credibility with the international community.