heard concerns from europe from the european of dorothy's about the security of energy in europe and we have heard a comment from. european energy commissioner saying that this makes europe more reliant on russian gas and therefore this is jeopardizing energy security in europe on the other hand actually the fact that russia will be delivering gas starting from zero twenty fifteen directly to european consumers means that actually energy security will be notified as energy deliveries will be secured and russia won't have to deal with transit countries like ukraine which have created problems with deliveries to europe in the past also we have heard an offer of from kiev victory in the college the president has said suggested having the south stream go not underneath the black sea but through ukraine's territory making it cheap but gazprom has said there's no point in doing that because the whole goal of the pipeline is to bypass transit countries thanks very much for that update dimitri medvedev reporting from saatchi thank you. ok well for more perspective on the deal and what it cou

although they are not welcome, europe is not doing itself any favors. >> europe the need to migration. we have a demographic problem. we don't have enough skilled workers and it is obvious that the people we need are in neighboring countries. >> europe's unease over religious groups has proven to be a barrier. once banned by the state, it has emerged as a powerful political force in post-revolution egypt. officials are concerned about the influence the brotherhood could have been a new government. >> we have to accept the religious groups are part of a politicaca spectrum. you can still communicate with these governments, they are not completely disconnected from practical politics. >> people want change. they are tired of all of these different ideologies that they have had to experience. tt includes englandism, too. it doesn't mean a wealthier shift to the secular order right away. >> europe has also expressed concern over how the shift in power struggles will affect the relationship with israel. images of angry egyptians taking over the israeli embassy in cairo fuel worries in the

i think it's a bluff it's a completely stupid i think we can we create europe without europe and it worked when we after the war we had reconciliation and peace with germany with italy there was no europe we have we had our own money own currency and it worked because when we had a problem we could develop it and germany revelle read its currency so now we cannot you. like in england like poland like sweden we cannot use a monitoring arm so it's a known problem and which is a means of recalibrates things so you understand that people in europe begins just to understand that you is not working you cannot have the same currency for countries who are completely different on the economic scale and i think that we are going to see you the explosion of the euro zone that all the governments try to impose rescission. for taxes. we will have a revolt revolution of the people thank you very much for your insight there nicolas duple and founder of. party thank you very much. now things are the little better across in spain which also faces protests after its parliament bowed to pressure and voted to

a weak europe is bad for england. having said that, the brits, who took a lot of flack for other europeans for not joining the euro are saying, we told you so, this common currency was not such a great idea. >> stephen: but they said it in such a charming accent. thank you so much for joining me. >> pleasure. >> stephen:kr >> stephen: welcome back, everybody. thanks very much. nation, all week wall street has been under siege by a protest called "occupy wall street," a self-described leaderless resistance movement which intends to occupy wall street for months. because if there's one thing new yorkers never ignore, it's people sleeping in a park. the protest started on the web site ad busters, which declares "once there we shall incessantly repeat our one simple demand until barack obama capitulates." and what is their one simple demand? well, in a blog post entitled "hey, president obama, get ready for our one demand," they state, "we will beat our drums, chant our slogans and then we'll get down to business and hold

completely stupid i think we can we create europe without europe and it worked when we after the war we reconciliation and peace with germany italy there was no euro we have we had our own money own currency and it worked because when we had a problem we could develop it and germany revaluate its currency so no we cannot. use like india and like poland like sweden we cannot use a monitoring so it's a known problem and which is the means of. things so you understand that people in europe begins just to understand that you is not working you cannot have the same currency for countries who are completely different on the economic scale and i think that we are going to see you use the explosion of the euro zone in that all the governments try to impose rescission. taxes. we will have a revolt in revolution of the people thank you very much for your insight. founder of france's big party thank you very much. now things are the better across in spain which also faces protests after its parliament ballot pressure and voted to amend the constitution to limit national debt other senators voti

a weak europe is bad for england. having said that, the brits, who took a lot of flack for other europeans for not joining the euro are saying, we told you so, this common currency was not such a great idea. >> stephen: but they said it in such a charming accent. thank you so much for joining me. >> pleasure. >> stephen: [ dog barks ] [ kid ] dad? who is honus...wagner? no idea. let me see that. that's a honus wagner autograph... the hall of famer? look at this ball! yeah, found that at a yard sale. i thought pickles would like it. [ dog barks ] that a new car jerry? yeah... sweet, man. [ male announcer ] the audi a8. named best large luxury sedan. ♪ >> stephen: welcome back, everybody. thanks very much. nation, all week wall street has been under siege by a protest called "occupy wall street," a self-described leaderless resistance movement which intends to occupy wall street for months. because if there's one thing new yorkers never ignore, it's people sleeping in a park. the protest started on the web site ad bus

a weak europe is bad for england. having said that, the brits, who took a lot of flack for other europeans for not joining the euro are saying, we told you so, this common currency was not such a great idea. >> stephen: but they said it in such a charming accent. thank you so much for joining me. >> pleasure. >> stephen: vo: it's old navy's storewide buy one get one 75% off! buy something! and get another something 75% off! sale ends sunday. so bo go before this deal is bo gone! it's buy one get one 75% off! >> stephen: welcome back, everybody. thanks very much. nation, all week wall street has been under siege by a protest called "occupy wall street," a self-described leaderless resistance movement which intends to occupy wall street for months. because if there's one thing new yorkers never ignore, it's people sleeping in a park. the protest started on the web site ad busters, which declares "once there we shall incessantly repeat our one simple demand until barack obama capitulates." and what is their one simple de

"europe." a look at exchange-traded funds focused on europe. the fall harvest is underway across the corn belt, but those fields may yield fewer crops than expected. the government surveyed corn fields a little over a week ago and today said this year's harvest could be the smallest since 2005. as diane eastabrook says, hot weather is getting the blame. >> reporter: corn traders were expecting bad news about the u.s. corn crop, and this morning the government delivered it. the u.s.d.a. predicted farmers will harvest a little more than 148 bushels of corn per acre this year. that's about five bushels short of last month's estimate. while you'd think news like that would send prices higher at the beginning of trading, they fell instead. trader scott shellady says the market was expecting a jolt, but got a bump instead. >> we had talked about a 148 yield before. that's been a whisper number. that was in the public domain and in our business. once something is in the public domain and your brain has had time to digest it, then it doesn't act as wel

hit the mark they hurt ordinary people not the leadership they claim to target and most importantly europe's oil companies have to be on the shoulders of the syrian people while their companies out of protective the e.u. is also hurting itself think exposed as damascus will simply shifts a ploy to the competition if you look at syria. already the chinese authorities have said that they would buy any they can be you officials hope new stocks of the black gold from libya would take up the slack but they may be disappointed will not start being very productive until maybe the end of next year and if they were an embargo on syrian oil today of course they would be short. with the war against colonel gadhafi taking much longer than the west expected maybe cutting off one supply before a secure. the u.n. estimates the number of people killed in syria to be over two thousand since the uprising in march and many are pinning the blame on the government but analysts in neighboring jordan believe the opposition is a wolf in sheep's clothing. there's two thousand people. sort of the same but these two s

gloats greeks have eleven percent in western europe have slowly two percent so if europe wants some help from the i.m.f. and if the brics several more see the larger holders of the i.m.f. you can see for instance china brazil or india putting more money where they are more or stakeholders at the i.m.f. and then does the i.m.f. distribute this dismally to european countries that this is not going to happen to morrow or even next year even. this or a reform of the i.m.f. which is before. guess what the europeans and the americans. have a scar there as well for further analysis of the global economic outlook let's cross to our business desk or the latest we have what have you got for us hovering a lot of rushmore this are still trading in the red with. almost that's two percent european markets are there much better and have now moved into positive territory but there is still a lot of pessimism around having said that we have experts that say russia is better prepared to handle and now the financial crisis if it of course comes down to that i will tell you all about that in business shortl

what is the spectrum situation like in europe? that is a big topic of conversation here with the spectrum shortage and how are we going to maximize the use of the commercially available spectrum? tell us about what that situation is like in europe. >> we just worked on a report in the european parliament's regarding spectrum policy in europe because it is hot topic for us. there will be a revision of the spectrum policy coming up. one of the issues that is necessary now is to do an assessment of where each member state of the stands. we have countries that are at a different economic levels that have developed spectrum policies in different ways. what is necessary is to assess the situation around spectrum in each member state according to the same thresholds. we must make sure that the new spectrum policies allow for the development of new technologies while safeguarding used by the military and certain cultural players. we are well on our way to looking at it on a future prove basis and to make sure that he does act as one globa

and europe. so these consumers, which are helping drive that -- and i won't say they're completely driving that growth, because they're not, but they form a small but growing part and an essential part of the growth of china and obviously economies around the world are looking at these sort of people now to see whether they can actually pick out the burden left by the stalling of consumer buying in places like the u.s. and western europe. now, as you say, we've been looking at the consumers. i want to show you a snapshot of some of china's hardcore consumers. >> reporter: factory owner min lifts up his daughter to receive a blessing from the god of wealth. "i heard that if you touch the god of wealth, you become rich," he says. dressed head to toe in designer labels, the li family has traveled to hong kong for one reason, to shop. "hong kong is a shopper's paradise. each time we come to hong kong, we spent about $100,000 or so," he tells us. that's about 15,000 u.s. dollars. the li family represe

china right to europe's. politicians have been paying their budget deficits by charging into future so no. you can't charge them in two thousand and eleven the year debt five really catches. several european countries like greece and italy so they've got to put their houses in order they have to spend. what they have not spend more than they have italy has to do all the stops to gain five nation took in the packing to roll over its national. situation now i don't have a italy has that much choice if you're looking for more in-depth coverage of all the news stories we're showing you here an exclusive content from russian or abroad r.t. dot com is course the place to be our website this is what's online for you tonight a couple stories we picked facebook may soon do more than just hold productivity at work that's because lawmakers are considering a bill that could land social networking fans in jail your facebook fans what do you think about that the web site r t dot com take a look that will interest you i'm s

all right now if we talk about europe christine legarde over from the i.m.f. now is warning of doom and gloom saying in the global economy is going to spiral downward unless we focus on stimulus rather than austerity but i'm just wondering is it a little too late for that after already we've seen so many stimulus measures just go across europe after now we have a debt committee or you know a super committee here in congress that's about to enact stimulus measures here in the u.s. as well. it certainly seems like it i don't know if you can get from an economic standpoint you could make a very strong case that in the u.s. and in europe stimulus would do a lot of good and is exactly what is needed right now in the u.s. it's all politics prevent to get the government certainly has the firepower to do it if congress were willing to go with it but i don't think there's any chance of that happening and in the year and in europe it's not even clear that they have the firepower to do it certainly. the peripheral countries definitely don't retire in greece and italy and

are taking their cue from europe. how much worse can europe get? and from an investment standpoint, how should we be looking at what is going on in europe right now? >> remember, maria, the image that we've had is the approach taken by europe hasn't been to kick the can down the road. it's been to roll a snowball down a hill. two thgs happens when you do that. the snowball gets bigg, the problems get bigger and bigger, and then the dynamics become more disorderly. it's much more difficult to control a snowball that is getting bigger and bigger and rolling down a hill. and that's exactlyhat is happening in europe. europe has to have its moment of truth. europe has to dide is it a fiscal union, which is another way of saying germany pays for everybody, or will it optor a smaller, but stronger eurozone? until europe makes that decision, things are going to continue to get worse and we are going to be held hostage to the debacle in europe. >> unbelievable. so what are you doing as far as investing, then? >> we're cautious. we tell people don't worry ab

also southern europe braces for a stare at the anger is it silly in spades trying to push through more savage cuts while the arduous efforts to save greece appear to be on time. plus any business plan your fruits and puts the benefit of touches on the north rim pipeline to start pumping gas i'll have more on that in business since one similar. this is the world commutes eight pm choose the nigger in moscow my name is kevin i went and first the syrian regime is accused of having more blood on its hands with government troops allegedly firing at demonstrators and siege city of homs but the head of the arab league chips visit to damascus with a peace plan to try and solve the syria standoff for the e.u. however sanctions are the solution but as daniel bushell explains next those slow introduction could backfire. william hague britain's foreign secretary says horrific scenes of brutality have false this oil burning in syria but bizarrely sanctions were in stocks for over a month. but they will kick in already when europeans were offering is complete disappointed going choat with syria and

what europe is trying to do he's to add. variety to sources and can supply it doesn't want to compete on the pulley dependence on russian parents in exactly the same way that it doesn't really dependent on north african or indeed on nazi guess what he's seeking to do is east employment balance between a variety of. delivering gets through the run to your roots and nobody's. among mandarin see russian will he's and will continue to be because the most important. the greek prime minister has canceled a trip to the u.n. general assembly meetings in the u.s. to deal with his country's worsening debt battle greece only has enough cash on hand to see through the next few weeks eurozone finance ministers are for an hour sitting on the eight billion euro second bailout payment to countries do they say greece has fallen behind on spending cuts targets and missed a series of deadlines greece will now have to wait till october to find out whether it will get the second loan athan says that it's on the verge of being unable to repay the

although they are not welcome, europe is not doing itself any favors. >> europe the need to migration. we have a demographic problem. we don't have enough skilled workers and it is obvious that the people we need are in neighboring countries. >> europe's unease over religious groups has proven to be a barrier. once banned by the state, it has emerged as a powerful political force in post-revolution egypt. officials are concerned about the influence the brotherhood could have been a new government. >> we have to accept the religious groups are part of a political spectrum. you can still communicate with these governments, they are not completely disconnected from practical politics. >> people want change. they are tired of all of these different ideologies that they have had to experience. that includes englandism, too. it doesn't mean a wealthier shift to the secular order right away. >> europe has also expressed concern over how the shift in power struggles will affect the relationship with israel. images of angry egyptians taking over the israeli embassy in cairo fuel worries in the

although they are not welcome, europe is not doing itself any favors. >> europe the need to migration. we have a demographic problem. we don't have enough skilled workers and it is obvious that the people we need are in neighboring countries. >> europe's unease over religious groups has proven to be a barrier. once banned by the state, it has emerged as a powerful political force in post-revolution egypt. officials are concerned about the influence the brotherhood could have been a new government. >> we have to accept the religious groups are part of a political spectrum. you can still communicate with these governments, they are not completely disconnected from practical politics. >> people want change. they are tired of all of these different have had to experience. that includes englandism, too. it doesn't mean a wealthier shift to the secular order right away. >> europe has also expressed concern over how the shift in power struggles will affect the relationship with israel. images of angry egyptians taking over the israeli embassy in cairo fuel worries in the west that countries

plus europe's financial bosses tighten their grip on greece demanding it stick out too it's a bailout deal. israeli security forces are given clearance to shoot college student protesters preparing to march in support of their bid for state recognition tel aviv has also armed settlers in the west bank claiming the need for self defense or he's clear has the details. in some quarters there is talk of a coup into canada that some will say will be as bloody and as violent as the first two seculars of whom there are some four hundred thousand living in a land that has some two and a half million palestinians in the west bank are bracing themselves for violence as is the israeli army and the israeli police now for several months the israeli army has been preparing in an operation it calls operation some to seize and it's now in the final stages of putting the finishing touches in place to then we're being told that they have the case if he's resigned around it if we stay at home in the west bank and what this means is that palestinians who approach that on deaf red line will be shot at by

are now if we talk about europe christine lagarde of the i.m.f. now is warning of doom and gloom saying the global economy is going to spiral downward unless we pocus on stimulus rather than austerity but i'm just wondering is it a little too late for that after already we've seen so many stimulus measures just go across europe after now we have a debt committee or you know a super committee here in congress that's about to enact to miss measures here in the u.s. as well you know it certainly seems like it i mean if you can get from an economic standpoint you could make a very strong case that in the u.s. and in europe stimulus would do a lot of good and is exactly what is needed right now in the u.s. it's all politics preventing it the government certainly has the firepower to do it if the congress were willing to go with it but i don't think there's any chance of that happening and in the year and in europe it's not even clear that they have the firepower to do it certainly. the peripheral countries definitely don't retire in greece and italy an

and i deeply admire what they are trying to build, a stronger europe. and i recognize how hard it is for them to do. but if you have seen markets don't respond well if you have the threat of cascading defaults hanging over or the threat of weakness hanging over an economy. they don't tend to reward that kind of risk. and the basic test of policymakers in a crisis and the most important thing governments have to do in a cries sis to remove that catastrophic risk from markets. if you do that, then you have a chance for reforms to get traction. and are you creating more incentives for investors to try to support what europe is doing rather than undermine it. >> but how long can europe kind of stagger from meeting to meeting with no kind of comprehensive plan? >> well, they're working to build the foundation to a more forceful comprehensive approach it is difficult for them to do politically. it's not technically very difficult but it's very difficult politically and they've got a lot of countries in europe. not one country, they have 17 governments try to

a hand. >> europe is facing -- and i should say before you talk about europe. you know, it's worth noting that we have a huge direct stake in europe resolving this. en just the dollar funding them but throughout imf but a huge strategic interest, too, because we don't want to see europe weakened. it's not in the interest of the united states for that to happen so we have a strong interest in helping them through this. >> investors in europe still appear wary as they keep a close eye on european policymakers after a weekend of tough criticism, like what we just heard from the united states, and also for that matter from china. european leaders are reportedly considering adding to the euro stability fund. now, that currently stands at a 440 billion euro level, that rescue package. media reports suggest it may be beefed up to 2 trillion euros or $2.7 trillion, with half the value of greece's debt being written off. no confirmation of those numbers. that's just speculation. any strengthening of the existing fund would take weeks to put into place. let's have a look

europe europe. i think it's important. these are issues, we have to be honest. i always have hope. i'm an optimist. if you grow up in detroit and you manage to survive it, you've got a lot of optimism in the world. that's what i am, an optimist. that said we've got to find a lot more unity in europe and in the united states to solve our problems. our problems are not insurmountable. they are sur mountable. the clock is ticking. as greg knows, the unity in washington isn't there, europe as well. they need to get ahead of the curve rather than behind it. washington has the same disease. the imf made it clear christine lagarde out there pushing. let's face it, we're all in the same global economic boat. if we don't have our oars in the water at the same time we're going to be in trouble. >> want to talk about the president, you know, preventing, did he, economic disaster? did he make things worse? are things as bad as they seem? perception versus reality when it comes to this economy and this president

so what exactly is going on in europe? here's an update. it's been a year and a half since europe's sovereign debt crisis began making headlines around the world. in that time, the situation has gone from bad to worse. greece, portugal and ireland are currently on financial life support. italy and spain are ailing. only france and germany are healthy, but they are burdened with responsibility for their neighbors. there have been many attempts to fix greece's financial problems, including austerity measures that led to riots. increasingly, investors are convinced greece will not be able to fix its public finances. interest rates on the country's debt are over 20%. the fear is that a greek default will destablize other financially weak countries in the eurozone. no doubt the crisis is the biggest challenge for europe since it began using the euro 12 years ago. and without a quick solution, economies around the world will pay a steep price. joining us now with more analysis, simon johnson. he's professor of economics at m.i.t. and formerly the

in europe and we have heard a comment from. the european energy commissioner saying that this makes europe more reliant on russian gas and therefore this is jeopardizing energy security in europe on the other hand actually the fact that russia will be delivering gas starting from zero to twenty fifteen directly to european consumers means that actually energy security will be fortified as energy deliveries will be secured and russia won't have to deal with transit countries like ukraine which have created problems with deliveries to europe in the past also we have heard an offer of from kiev victory in the college the president has said suggested having the south stream go not underneath the black sea but through ukraine's territory making it cheap by gazprom and said there's no point in doing that because the whole goal of the pipeline is to bypass transit countries. well you can find out more on that story in our business bulletin coming up in about ten minutes time. how america's missile defense plans in europe have accelera

europe more reliant on russian gas and therefore this is jeopardizing energy security in europe on the other hand actually the fact that russia will be delivering gas starting from zero twenty fifteen directly to european consumers means that actually energy security will be fortified as energy deliveries will be secured and russia won't have to deal with transit countries like ukraine which have created problems with deliveries to europe in the past also we have heard an offer of from kiev victorian acknowledge the iranian president has said suggested having the south stream go not underneath the black sea but through ukraine's territory making it cheap by gas promise that there's no point in doing that because the whole goal of the pipeline is to bypass transit countries all right thanks very much for that update dimitri medvedev reporting from such a thank you. ok well for more perspective on the deal and what it could mean for europe's energy landscape let's start with julia these a senior editor analyst at the center for global energy studies mr lee thanks very much for being on t

there's a false way of looking at the problem so far of course europe should have a central bank that can create credit commercial banks create credit all the time on a computer keyboard the central banks were founded to create credit to fund government deficits that's where the bank of england was founded that's why the federal reserve was founded but the banking interests in europe crippled the central bank they didn't want to central bank to create credit they say we want governments to come to us and pay us interest and we want to rip off the economy don't have a central bank don't have a public option let us raise your cost of doing business give us the business so of course there should be a central bank unfortunately the way in which you just mentioned the central bank to be perform a function is what it looks like it'll be the central bank is enough to create employment not to run the government deficit not to help the people but to give more money to the banks to bail them out that is rotten that is the central bank lobbyists and that shouldn't happen and if that so they crea

china has said that they're willing to help europe but that europe must do more to prevent the crisis from growing. the premier would like europe to reciprocate which would grant china market a quality status. they hope that china will use their huge foreign exchange reserves to invest in european assets, especially in italy and greece. >> the chinese premier has offered europe a helping hand. in his opening comments at the world economic forum, he warned that the global economic recovery would be a long and difficult process. >> we need to boost confidence, strengthen cooperation, and live up to our responsibility. we should accelerate the building of a just as strong world economic order. governments should put their own house in order. major developed economies should properly handle debt issues. >> he is optimistic that european leaders will be able to live up to those requirements but this comes from warnings -- and it warnings from the chinese central bank that the chinese cannot be expected to step in and save entire nations from bankruptcy. >> we spoke to our correspondent on

they have been throwing their weight behind the notion of more europe to solve europe's problems, not less. they argue that eurobonds, so far rejected by berlin, should be part of a solution. >> eurobonds should be developed. they need an effective control mechanism to avoid systematic fiscal deficit. nation states have to understand and will need to share certain dimensions of sovereignty to a central european entity. >> this scenario would not be painful for national parliaments, as their voters would not be affected. a different story for governments in office. >> a strong vested interest and strong feelings that this is part of the national history. the only way to make it work in the future is to have more power at the center. that is the only way by which monetary union can survive in the long term. >> weather the storm clouds over europe clear is ultimately in the hands of national governments. they must decide whether to vote for a national or european solution. >> that has been our look at wednesday's key ruling by germany's constitutional court, and its implications for the

and china and europe's debt wolf will spark a global recession. let's not have a look at some of the individual show moves in the my six most energy majors bottles from monday's losses with lukoil up one point four percent meanwhile applies retail video game to the news of a possible merger with its rival. the world's clinical shows pros will choose day after one of its main shareholders resolved denied the fifteen percent off and made by the nickel producer of the. day straight. we have seen a very volatile session for the russian markets very stressful and certainly playing the bad sentiment from yesterday's massive sell off in the european exchanges the markets started in the green up around one percent and probably we're ending the day in the negative territory marginally down when you have a percentage point the events that we've seen yesterday were highly impacted by several announcements seen from the eurozone most notably the year. bank chairman saying that the european banking sector could be under pressure and some less strong banks to e

interceptors in romania it's part of an american project to build a broader nato defense shield in europe. has this report. what they've signed this part of america's revamped plan to build a missile shield in europe with elements of it deployed in different countries in eastern europe romania will host america's land base this time so we interceptors the shield will be unfolding fairly close to russian borders needless to say that's always been an irritant in the relations between washington and moscow the new u.s. missile defense plan that we're talking about is a four stage plan to two the first two stages invision the salaciousness and three interceptors of lower capability and the last two of higher capability is the last to that especially by the russians the more advanced ones because russians have a different analysis of the weapons that the so-called rogue states have and what they don't have on moscow doesn't want the system to be eventually directed against russia the war of words on missile defense has been going on for quite some time with washington saying we need powerful m

what europe is trying to do is to add. variety to its sources of gas supply it doesn't want to become overly dependent on russian gas in exactly the same way that it doesn't want to become overly dependent on north african gas or indeed on north sea guess what he's seeking to do is to find a balance between a variety of suppliers delivering gas through variety of routes and nobody's disputing among that variety russian will ease and will continue to be the most important. the greek prime minister has canceled a trip to the u.s. and with the country's worsening debt crisis george papa drey was due to attend the u.n. general assembly and meet with the i.m.f. chief but said next week was crucial for implementing deficit reducing plans at home well this comes as your euro zone leaders choose to wait until october before ruling out whether to the beast the next eight billion euro bailout package to greece or despite a recently announced property tax athens has been criticized for missing a series of deadlines and failing to imp

plus europe's of financial bosses tighten their grip on greece demanding it sticks out to its bailout deal. israeli security forces are given clearance to shoot promise to me and protesters preparing to march in support of their bid for state recognition to leave has also armed settlers in the west bank claiming the need for self-defense or he has the details. in some quarters there is talk of a into florida that some will say will be as bloody and as violent as the two seculars of whom there is some four hundred thousand living in a land that has some two and a half million palestinians in the west bank are bracing themselves for violence as is the israeli army and the israeli police and not for several months the israeli army has been preparing in an operation it calls operation some is seeds and it's now in the final stages of putting the finishing touches in place to this end we're being told that they have the most hated is resigned around it we think i'm in the way thank you what's nice is that palestinians can approach. will be shot at by soldiers who has a mission to do this s

what europe is trying to do aides to add. variety to sources of gas supply in cars and want to be charmed by them fully dependent on russian gas in exactly the same way that it doesn't work. on north african gas or indeed on nazi gas what it's seeking to do is eastern find a balance between a variety of suppliers delivering gas through karate or routes and nobody's disputing among them derogatory russian will resign will continue to be was a most important. curry says prime minister has canceled his trip to the u.n. general assembly meetings in new york to deal with the country's worsening get battle greece has only enough cash on hand to see it through the next few weeks and eurozone finance ministers are for now sitting on the eight billion euro second bailout pain it is said the country is falling behind on its spending targets and missed a series of important deadlines chris what i have to wait until october to find out if it will get the second loan out and says it's on the verge of being unable to pay the interest on it

plus europe's financial bosses tighten their grip on greece demanding it sticks to its. israeli security forces are given clearance to shoot palestinian protesters preparing to march in support of their bid for state recognition tel aviv has also armed settlers in the west bank claiming the need for self-defense or has the details. in some quarters there is talk of a intifada that some will say will be as bloody and as violent as the first two seculars of whom there are some four hundred thousand living in the land that has some two and a half million palestinians in the west bank all bracing themselves for violence as is the israeli army and the israeli police not for several months the israeli army has been preparing in an operation it calls operation some the seeds and it's now in the final stages of putting the finishing touches in place to this end we're being told that they have demarcated a line around every settlement in the west bank and what this means is that palestinians who approach beyond that red line will be shot at by soldiers who will have a mission to

markets are trading in negative territory as fears mounts over europe's that problems especially after a credit rating downgrade of french banks the dow is losing point nine percent with sour in europe markets are seeing heavy losses shares in the u.k. lenders are under pressure after the independent commission talks banks that will have to ring fence their roots all arms fall in the credit crisis the footsie is losing one point seven percent the sorrow of all the dax is the super in four and european debt mores weighed on the russian markets as well and this is extreme good last week's losses in monday's strange but my six lows over one and a half percent of the r.t.s. lost more than three and a half percent and let's take a look at some index movers on the my sex energy made for small scrounged with gas from closing one point nine headed super super slim down and banking stocks were also on the pressure with russia's largest lender losing one point three percent. morris nickel did better ahead of its board on tuesday rather and the per cent higher and that's because the plans to disc

a weak europe is bad for england. having said that, the brits, who took a lot of flack for other europeans for not joining the euro are saying, we told you so, this common currency was not such a great idea. >> stephen: but they said it in such a charming accent. thank you so much for joining me. >> pleasure. >> stephen: >> stephen: welcome back, everybody. thanks very much. nation, all week wall street has been under siege by a protest called "occupy wall street," a self-described leaderless resistance movement which intends to occupy wall street for months. because if there's one thing new yorkers never ignore, it's people sleeping in a park. the protest started on the web site ad busters, which declares "once there we shall incessantly repeat our one simple demand until barack obama capitulates." and what is their one simple demand? well, in a blog post entitled "hey, president obama, get ready for our one demand," they state, "we will beat our drums, chant our slogans and then we'll get down to business and hold s

, europe, europe, containment versus contagion. i think it's very important. these are issues, we have to be honest. i always have hope. i'm an optimist. if you grow up in detroit and you manage to survive it, you've got a lot of optimism in the world. that's what i am, an optimist. that said we've got to find a lot more unite in europe and the united states. our problems are not insurmountable. they are sur mountable. the clock is ticking. as greg knows, the unity in washington isn't there, europe as well. they need to get ahead of the curve rather than behind it. washington has the same disease. the imf made it clear christine lagarde out there pushing. let's face it, we're all in the same economic boat. if we don't have our oars in the water at the same time we're going to be in trouble. >> want to talk about the president preventing, did he, economic disaster. did he make things worse. s are things as bad as it seems. perception versus reality in this economy and president next on "your $$$$$." nice wheels. oh, thanks. keeps me

all right now if we talk about europe christine legarde of the i.m.f. now is warning of doom and gloom saying the global economy is going to spiral downward unless we focus on stimulus rather than austerity but i'm just wondering is it a little too late for that after already we've seen so many stimulus measures just go across europe after now we have a debt committee or you know a super committee here in congress that's about to enact stimulus measures here in the u.s. as well and yet it certainly seems like i mean i think from an economic standpoint you could make a very strong case that in the u.s. and in europe stimulus would do a lot of good and is exactly what is needed right now in the u.s. it's all politics preventing it the government certainly has the firepower to do it if the congress were willing to go with it but i don't think there's any chance of that happening and in the europe and in europe it's not even clear that they have the firepower to do it certainly. the peripheral countries definitely don't retire in greece and italy and spain

china has said that they're willing to help europe but that europe must do more to prevent the crisis from growing. the premier would like europe to reciprocate which would grant china market a quality status. they hope that chi will use their huge foreign exchange reserves to invest in european assets, especially in italy and greece. >> the chinese premier has offered europe a helping hand. in his opening comments at the world economic forum, he warned that the global economic recovery would be a long and difficult process. >> we need to boost confidence, strengthen cooperation, and live up to our responsibility. we should accelerate the building of a just as strong world economic order. governments should put their own house in order. major developed economies should properly handle debt issues. >> he is optimistic that european leaders will be able to live up to those requirements but this comes from warnings - and it warnings from the chinese central bank that the chinese cannot be expected to step in and save entire nations from bankruptcy. >> we spoke to our correspondent on the

a weak europe is bad for england. having said that, the brits, who took a lot of flack for other europeans for not joining the euro are saying, we told you so, this common currency was not such a great idea. >> stephen: but they said it in such a charming accent. thank you so much for joining me. >> pleasure. >> stephen: man: my electric bill was breaking the bank. so to save some money, i trained this team of guinea pigs to row this tiny boat. guinea pig: row...row. they generate electricity, which lets me surf the web all day. guinea pig: row...row. took me 6 months to train each one, 8 months to get the guinea pig: row...row. little chubby one to yell row! guinea pig: row...row. that's kind of strange. guinea pig: row...row. such a simple word... row. anncr: there's an easier way to save. get online. go to geico.com. get a quote. 15 minutes could save you 15% or more on car insurance. met an old man at the top asked him if he had a secret and the old man stopped and thought and said: free 'cause that's how it ought

will be a europe of the god. whole dig down. the european states in a contractual basis with cultural unity and they were in my opinion we should also be close economically but in a free manner we can also happen that economically close development would initially lead to the monetary union but it is soon great changes of mentality and culture of south european issues and there is nothing more difficult to change in culture professor thank you very much. sure is that so much that there is i mean if you have a real. time to write future for the euro as a single currency. from one crisis to the next europe's politicians appear to be powerless in the face of a. few. is eve it's. easy to. see. russia. which brightened a few. songs from finest impressions. screw stunts on t.v. come. on. in india g.'s available in the grand central shirts in limbo and the taj mahal him are also mumbling polish president mubarak but short of fame which results amount to beatriz old book clothes are going to go on taj mahal hotel charges

so china is the great counter example to what happened in europe. throughout almost all of its history, china was the ultimate anti-capitalist market state. they love markets. they had markets that were much more developed than anyplace in the world at the time. higher standards of living as well. but the markets were tightly controlled and sustained by the government. they did the very opposite of what a monopolist would normally do to many but prices. what happened in europe according to the road billions and the sort of world systems announces people are coming out of this tradition was that you lots of little people fighting it out and get this feudal system with cracks and holes were merchants could grab hold of these city states where they could make their own laws. so that huge political advantage. they eventually started granting them these incredible monopolistic advantage of pixel capitalism emerges from a strange alliance between were making states and the financiers who ultimately make a profit off the deal. >> how does the gold figure?

china and right europe's. politicians have been paying their budget deficits by selling bonds actually mortgage you are charging into the future so no. you catch up with them in two thousand and eleven is the year that that fidelity catches up with several european countries like greece and italy so they've got to put their houses in order they have to spend. what they have but not spend more than they have so that is why i. came out saying that please put your how was in order for. well not so long ago in fact just a couple days ago telling officials who met with the chinese delegation and reportedly tines were asking beijing to buy significant amounts of its debt so what's in it for china. well. china's already holding about four percent of the. debt so it will have to refinance part of the. company coming to get years so italy. china solve from the c.i. c. to buy some actually not buy some or buy huge amounts of it because china has about three trillion u.s. dollars of foreign exchange basically it to the o