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tv   Real Money With Ali Velshi  Al Jazeera  October 8, 2014 5:00am-6:01am EDT

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to get that first person a downgrade for the global economy just when you thought things were getting better, the i.m.f. pours cold water on the optimism and the stock market is changed. >> vladimir putin's nemesis speaks out. 10 years in gaol. he tells "real money" the west has overestimated vladimir putin. wait to hear what he says. >> the blue ray special - a
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prize to scientists transporting l.e.d. and the way we see the world. i'm jen rogers, and this is "real money". this is "real money", and you are the most important part of the show. tell me what's on your mind. >> well, economic growth around the world is slowing down. the global economy is expected to grow by 3.3%, and then pick up the pace slightly with 3.8% growth in 2015, according to the new revised world economic outlook put out periodically by the international mon tri fund. both figures were revised downwards from previous estimates, in relation to a concern about the worst confidence in command and growth today. words like that is enough to send markets sliding. stocks did that the world over.
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the s&p, a broad measure of u.s. market, mimicking 401ks and ira fell. the dachl fell. japan's neca shaved two-thirds of a per cent. markets related badly to the inf's projected mediocre growth due to slow downs in brazil, ukraine, the middle east and europe. germany is the economic engine, which uses industrial might to ent. the i.m.f. cut the growth to 1.4%, and 2015 to 1.5%. all the lows, falling prices and mass debt are finally taking a toll on german output. that helps to slow down growth in the rest of the world.
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the one bright spot is the united states. mary snow explains >> reporter: it's a graham day for the german economy, the driving end of the eurozone. the international monetary fund says the slow down in the german economy is due to the ongoing political tensions with russia and instability in the middle east. those reasons, and persistent banking problems are plaguing the urio zone. the -- the eurozone. the i.m.f. cut growth to 8%, down from a forecast of the 1.1%. and the lowered forecast comes as industrial output for august dropped by 4%, the worst monthly decline in five years. christine lagarde put the bleak news in perspective. >> the global economy is weaker than we had hoped only six months ago. there is recovery, don't get me wrong. it's weaker than we told.
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we forecast a modest pick up in 2015. that's an important factor. the outlook for potential growth has been paired down. >> that's in stark contrast to the economic outlook on this side of the atlantic. the i.m.f. puts the u.s. growth forecast at 3.1% in 2015, outperforming all major industrialized countries. the federal reserve is giving the economy a boost. unemployment is coming down and the houseing market is on the road to recovery. given the sombre news from the eurozone, it's not hard to see that we may be headed for a growth gap between the two sides of the atlantic. the european union is the biggest trading partner of the united states. what happens in germany and the rest of the e.u. matters on this side of the atlantic. we have to ask the question - when will europe's economic weakness take a toll on growth in america.
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joining us to answer that and other questions is matthew bishop, globalisationed tore for "the econ mist", when does it happened? >> a bright spot is a relative term. no one in america feels that the economy is powering on all cylinders. we are talking about the best of a bad lot. >> it's relative. >> it is. there's a serious concern about what is happening in europe will eventually take a toll on america. one of the things happening in europe is a lot of the people in charge of economic policy there is hoping that the dollar will strengthen, euro weaken, and that will improve competitiveness and exports. american exports will suffer by comparison. they are not doing some of the things they ought to do in europe to pump demand into the economy, and are leaving it all for america to bear the brunt of the pain.
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>> how long can america bear the brunt of the pain? does that work? >> we are in an interesting point in america, when there's a lot of debate about when the fed will tighten interest rates and move away from the loose policy that it had. that debate is going on at the same time. the economy is sluggish, so i think that maybe it's going to be a lot longer before the fed will feel able to raise interest rates, because the economy even at 2.2% growth is still, you know, not making a huge difference in terms of creating quality jobs and so forth. >> you joke, but no one feels here. history. >> it doesn't feel great. >> i want to talk about germany, it's thought of as a muscle, an engine, looking at the i.m.f. report, there's a 38%
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chance of germany being at risk, how concerning is that? >> it is concerning. germany has been the strong story within the eurozone area. the fact that germany is heading to a recession is something to worry about. partly that is due to special circumstances of russia with the sanctions there. because germany is the biggest exporter from the e.u. into russia. it's because of a lack of stimulus from the european central bank, the result of roger mercado's economic policy, there's a situation that she's in a bit of a bind and not supporting stimulus. but it is effecting her economy, but will it change her approach. >> you brought up ukraine, you are reading about vo political issues. how big a thought was that.
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it didn't seem to be jumping off the page. people that you are concerned with, how concerned are they with the geopolitical system. >> the ukraine stuff is affecting germany, russia, middle east, hasn't spilled into a spectacular increase in the oil price, but everyone thinks it wouldn't take a lot to see a significant change, and the risks are severe on the downside. you could see the political factors become more apparent than they have been. it's causing a risk aversion as to what people are thinking. >> why were people able to brush that off this summer? >> partly because it's the summer, and partly, you know, so far the indicators, like the oil price, did not suggest that things were getting out of control. with winter in europe, the gas situation with russia will seem
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pressing. likewise i.s.i.s. is getting closer to turkey. that's a country that we are familiar with and closer with the european economy. it could be nasty. >> matthew bishop. if it gets nasty, we'll have you back. thank you for joining us. >> kentucky - a state where president obama and the environmental protection agency will not find many friends. it's where waking up on election day to find coal in your stocking might be a good omen for a democratic challenger looking to un do mitch mcconnell. why is coal the key to winning midterm election - "real money" in 2 minutes. >> kentucky, a state that's hurting economically. >> when the mines shut down it affects other businesses too you know, it hurts everything. >> some say it's time for a change. >> mitch has been in there so long.
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>> while others want to stay the course. >> all the way mitch! you know exactly what these people needs in kentucky. >> communities trying to cope. what does the future hold? >> the economy, the struggling coal industry and healthcare are all impacting their vote. >> "america votes 2014 / fed up in kentucky". all this week.
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>> this saturday, a horrific outbreak. >> the death toll from this epidemic could be much higher than anyone knows. >> the search for answers. >> 8000 people are already dead, mr. president. who should answer for those people? >> who brought cholera to haiti? >> so you don't have to explain yourselves? >> no. >> "faultlines". al jazeera america's hard-hitting, >> today, they will be arrested. >> groundbreaking, >> they're firing canisters of gas at us. >> investigative documentary series. watch the emmy award winning episode: "haiti in a time of cholera". saturday, 7:00 eastern. only on al jazeera america. america's midterm elections are a month away.
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among the races attracting attention is the senate race in kentucky. a democratic challenger alison grimes, 2 points ahead of senator minority leader mitch mcconnell, despite a disapproval rating of 55% for president obama in the states. the president's unpopularity is strong among workers in the kentucky struggling coal industry. libby casey went to the heart of coal country where people are thinking about jobs and an uncertainly future. >> reporter: in eastern kentucky generation after generation of coalminers did the hard, dirty, dangerous work of extracting what they call black gold. >> every young boy wants to be like his dad. i saw my dad come home from the mines. i fell into it myself. >> reporter: pride, like coal, runs deep.
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mines. >> we have the best miners in the world. we don't look at mountains as obstacles. under. >> reporter: his family has been in coal for more than a century: when you look around, will it be here in five years? 10 years? >> we'll be lucky to have five years. >> reporter: most local mines shut down, idled or gone bankrupt. like most, president obama is blamed, and the administrator's environmental reg awelation, calling -- regulation, calling it a war on coal. >> everyone wants to get on the bandwagon, the environmental issues, clean water act, clean air act. people are led to believe coal is bad, production is down, income is down, we are down 70% before president obama came in. we basically had a 70% reduction in the workforce. >> reporter: how hard is it to
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get jobs in the industry? >> very hard, especially in this country right now. >> reporter: why? >> the impact that, i guess, the war on goal had on this part of the county. >> a free fall cost 7,000 coal jobs in the eastern kentucky. now there are fewer than 12,000 minors throughout the state. >> i worked at five different mines - shut down, laid off, stuff like that. >> cole generates 93% of electricity, and more than a third across the country. the obama administration says the coal-fire plants are the worst carbon polluters, and in june programmed to cut carbon emissions a third by 2030. and utilities are responding. this is coal country. >> yes, ma'am. >> reporter: you are providing electricity by coal and moving away from it. >> yes, we are >> reporter: this is the largest
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provider of electricity, and is shutting one of its biggestsest coal plants and converting another to natural gas. he has to keep rates reasonable for customers. >> for me to continue to do that with cole is more expense -- coal is more expensive than it would be for gas. >> reporter: it's not just regulation. kentucky coal is $70 a tonne compared to $10 in wyoming. coal was in trouble here, declining 63% since the year 2000. office. >> it's painful, it hurts. >> reporter: there's so much pain in coal country. eastern kentucky, proud and defiant, celebrates coal as a way of life. kentucky. the coal industry employs
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less than 1% of kentucky's workforce, but has been of enormous economic importance, and the economy is a big driver for the voters. in the elections, working class elections are not feeling symptoms of a recovery, despite data telling us the economy is improving. chris smith is a contributing editor. and he spent time on the ground in kentucky. read about it in "american derby", he joins me now. you saw the coal piece. >> right. >> you point out that it employs less than 1% of the kentucky workforce, but it's a hot-button issue in the campaign, and they why? >> sure. there's numbers and emotion. coal has an enormous cultural resonance in the state. there are reasons for that. the coal industry over the years has spent a large amount of money promoting that idea, you know, you can get a licence
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plate in kentucky that says, "coal keeps the lights on", you know. the industry has done a ter if ig job of demon -- terrific job of demonizing the president. the piece you ran made a point of showing na natural gas is more the villain than the president has been. that said, the president and the environmental regulations have further weakened the industry, and what hurts is the focus - even if the job numbers are decreasing, they want to know what comes next. and the politicians have not done a good job on either side of developing alternatives. >> let's talk about both sides, not just of the poll and the jobs. this is a middle class issue, kentucky is a great microcosm of what is happening across the what are voters responding to? >> it's a contest of who to blame.
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the republicans and senator mitch mcconnell, 30 year incumbent. all the blame is pinned on obama for the recession, the waste in government spending, regulations getting in the way of private industry. the democrats, in this case alison grimes, the challenger is making the case that the republicans are the obstructionist, they are on the side of the rich and wealthy, and not the wealthy folks, they don't want to lower the college low expenses or raise the minimum wage. it's a contest of blame. >> you raise this in your piece. it's a question that probably won't be answered. can the pocket book issues that you talked about, the one dos with student loan and unemployment, can they prevail over an unpopular president, unpopular as we know in kentucky as the polls show.
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>> can they? we don't know. >> you were there for four days. >> yes. >> what were you thinking? >> there's going to be 100 million spent on the race. there are laws against this. if a candidate could divide that among the vote e it would be bet -- voters, it would be better for the state economy. in the end mitch mcconnell will hold on, he's a cold fish as a personality. the one head to head debate is october 13th, it's a huge opportunity for alison lundergan grimes, and she has to sell herself as something that is not just not mix. >> mark the calendars for october 13th. a lot of people outside are watching. what is going in alison lundergan grimes favour, even if
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you think mitch mcconnell will win, what is in her favour to eke it out? >> she's young, appealing, female. that's in the wheelhouse for the democrats, where they are targetting in this race and across the country - she's a new voice. she's doing well in the polls with younger voters. those, traditionally are the hardest to turn out. that is key for her on election day. she, like a lot of democrats around the country, are saying, you know, we recognise things haven't been great under the president, but we are not the president. this is about local issues. >> distancing themselves. >> you raised $100 million. where is this money coming from. it's not unheard of. where is this coming from. it's a big number? >> sure. the president is responsible for raising close to 400 million for committees. >> in kentucky, where is it
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coming from? >> sure, there's the coal industry, there's a lot of private industry groups, coke brothers chief among them. karl rove is spending another million as of yesterday. his crossroads g.p.s. group. if mitch mcconnell wins and the republicans are able to pick up six seats, mitch mcconnell is the new majority leader. >> it will be words the money, chris smith, contributing editor of "new york" magazine. >> next year, russian president tried to silence him. but we speak to his challenger, from afar. >> on tech know, cars, the science behind...
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keeping us safe on the road... >> oh! >> oh my god! >> the driving force behind these new innovations >> i did not see that one coming... >> tech know's team of experts show you how the miracles of science... >> this is my selfie, what can you tell me about my future? >> can affect and surprise us... >> sharks like affection... >> tech know, where technology meets humanity only on al jazeera america
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>> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america russian president vladimir
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putin turned 62 on tuesday. some classically minded supporters marked the occasion depicting vladimir putin as a greek hero hercules. instead of tackling mythical monsters, he's taking on moderate adverse ris, like this hyde ra of sanctions. russia's economy was in trouble before the crisis in ukraine, and western sanctions are making a bad situation worse. that does not appear to have dented the president's popularity with the people. a poll showing ratings steady at 86%. they make vladimir putin seem resilient. the famous dissident mikhail khodorkovsky believes the economy is shakier than it thinks. he has the interesting backstory for a political disdent. >> he does. mikhail khodorkovsky's life is
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the story of post soviet russia. he was an oil oligarch tycoon, he was the richest man until he meddled in politics and fell afoul of vladimir putin. he was convicted of fraud and tax evasion and spent 10 years in gaol before being released. much of his fortune is gone, his oil company broken off. he lives in switzerland, where he relaunched open russia, an online platform aiming to gal veinizing russians who wand a european-style democracy. he was in the u.s. drumming up support and we asked whether given all that transpired in ukraine, if he thinks the west underestimated vladimir putin. >> translation: i doubt that anybody in the west today underestimates vladimir putin. if anything, he is being overestimated because he's being compared to the current leaders of their country, and none of
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they say leaders manifested brilliant strategic thinking. >> what do you see as more dangerous for russia - vladimir putin staying in power for 10 or more years, or vladimir putin falling from power, and there's no credible leader to place? >> i feel that the situation when vladimir putin leaves power, and he will at some point, will not be without danger for russia. we are seeing in the past year that vladimir putin is making a large number of mistakes which makes a crisis in russia unavoidable. what we can and must do in a situation like this is put together a team to help make a transition possible.
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>> do ut think the kremlin is scared of you? >> i think that in releasing me from gaol, putin deemed me not a danger to him. others think otherwise. in the kremlin policy, vis-a-vis lines. >> do you think vladimir putin reassessed given all the event that have transpired since you have been released? >> it may be at some point he may regret that i'm outside his immediate control. but on the other hand i hope that one day he will realise that an independent opposition is a good thing for the country. >> not that i believe very much that this will happen. but people are capable of changing, even when they are over 60. let's leave that opportunity for
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vladimir putin to do this. >> one thing you said in several interviews is that vladimir putin and russia could be facing or vulnerable to a 1917-type moment. can you explain to the audience what you mean by that. >> in 1917 russia was at a stage where it was seeking victory in the first world war. at that point the power lost authority with the people and as a result the people were intolerant of the slightest mistakes that the power would make. they lacked trust in the authorities, and the reason they lacked the trust was because the authorities were totally corrupt. as a result of a small temporary shortage of bread deliveries in st. petersburg, this little incident blew up into a revolution and ultimately a civil war.
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>> do western sanctions make that scenario more or likely? >> translation: less likely. in 1917, or more precisely 1918, russian society united in the face of an external threat. not entirely, but to a significant degree it did unite. today the west is doing much the same thing. the way the russian people perceive it, the west is punishing russia for daring to pursue an independent policy. >> so if not sanctions, what can the west do to at least encourage some reform in russia. >> translation: for soviet society - and i do mean soviet - the west was important as a model
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of moral behaviour. soviet people wanted very much for our society to be built differently, more fairly for human value - for the value of human life to be higher for our leaders to be more moral. the more advanced segment of the soviet population saw this example in the west. this was a significant part of the problem. right up there with making sure that the grocery store shelves were filled with goods. today the shops are filled with goods here and there, but the moral example over the past 20 years has become blurred. i think it would be useful for the west not only for russia's sake, to move back a little bit to that previous situation. and, of course, to tell the
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russian people about this. >> what should the west be more concerned about, russian crisis? >> translation: you can see that the two are interconnected. putin's aggression creates a situation in russia where the national chovannists is on the rise, bringing things close to a crisis. seeing his popularity falling and the rise of the shovanists, vladimir putin attempts to take over their agenda by means of external aggression. the situation is certainly interconnected, and to my regret, i think we have stepped on to a path of no return. as a result of this, taking this path, the regime in russia will be destroyed. what sorts of losses this will bring to russia, and to the
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whole world is something we all have yet to see. i asked mikhail khodorkovsky how much more economic pain the russian people can take. he told us economic hardship is something the russian people are always ready to suffer. >> so interesting. when you listen to him talk you think how did he get out. what inspired vladimir putin to let him out? >> he was asked the question many times. he was clear. it was a narrow window in his opinion. in december, before the crisis in ukraine, and vladimir putin had the olympics coming up. germany had been lobbying hard for the release of mikhail khodorkovsky. and mikhail khodorkovsky said if he had not been let go in december, he believes he could have ended up spending the rest of his life in gaol. >> wow. you have more interview coming up tomorrow. what is in the next installment. >> tomorrow we'll look at open russia, mikhail khodorkovsky's
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platform for trying to galvanise reform-minded russians, who want to see a euro-textile democracy, and how much this man who lost his fortune, 10 years of his life, how much more he's willing russia. >> look forward to it. the stars of the financial crisis take the stand in a courtroom drama seeking to discover if too big to fail was the case with a.i.g., we talk about what they have to say in relation to the decisions. "real money" returns in 2 minutes. >> my name is shaquan mcdowell i'm a 17 year old teenager. i go to a public high school outside of the city limits of atlanta. it's 99% african american we do get a quality
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education. you know we have teachers that really care about us as far as the african american stereotypes, all the music they listen too is rap, they only use ebonics, they don't know how to speak proper english, they've never read a book in their life, all they do is get high, smoke weed, no... i've never been exposed to anything like that... coming from a mom who as a single mother, had her first child at 16, who is the ceo of her own company, me being someone who is about to graduate, who is the recipient of a full scholarship, the stereotype is absolutely flawed. >> did it ever cross your mind that. being a single mother that, your children may end up like the statistics say they're gonna fail >> being a single mom... raising five kids, i've always said you guys, you be 100% the best that you can be >> i would like to run for the senate in 2032. then it leads to the great big goal in life, to run for the office of the president of the united states of america >> catch more stories from edge of eighteen on al jazeera america
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the world's big banks may be facing more legal pain, the department of justice investigating whether they colluded to alter the price of foreign countries. individuals may be indicted, using instant evidence. it will focus on traders and bosses, rather than c.e.o. jpmorgan chase, citigroup and barkleys are being investigator. prosecutions will be filed before the end of the week according to "the times." >> the former head of american international group is suing the u.s. government over the terms
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of the $184 million rescue. geithner was president of the federal bank of new york at the time of its near bankruptcy in 2008. he later became the treasury secretary and said the failure of a.i.g. would have caused mass panic on a global scale. yesterday geithner's predecessor hank paulson defended the terms of the a.i.g. pail out. and ben bernanke is expected to take the stand on thursday. joining me to explain how geithner's testimony may or may not help the case is andrew, a legal reporter for bloomberg "business week", and has been in court all day following geithner. the former secretary tim geithner taking the stand, saying a.i.g.'s bankruptcy could
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have been more damaging than the lehman brothers failure. what were the reasons? >> he was concerned because lehman failed and fanny may and freddy mac had been taken into conservativeship, he had a set of dominoes starting to fall, and a.i.g. is the biggest insurance company in the world. you'd have the two largest guarantors of mortgages in the united states, the biggest investment bank going down in sequence. it was a time to try to build a firewall or to stop the damage. >> i want to go through a line of questioning. hank greenberg's attorney had questions, there was a meeting in 2008, and the a.i.g. bailout was discussed and approved by the fed board of governor's, what did he want to know and how did geithner respond.
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>> he was interesting in knowing - a key question, element, is the interest rate that a.i.g. is charged for the bailout loan. it is effectively 14%, according to the complaint by the a.i.g. openers bringing the case, which is higher, three or four times or more than the interest rates charged to investment banks who were in trouble at the same time. boyce want to know how did you set the rate and what were the factors in setting the rate. he did not get a complete answer to that today. geithner did not conclude his testimony, he'll be on the stand with boyce questioning him tomorrow. that is one of the - late in the afternoon, that was a key line of questioning about how did you arrive at the interest rate, and geithner said he was informed by
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a private rescue that was contemplated by goldman sachs and morgan stanley that never occurred, but the interest rate was modelled on or taken from that rescue attempt. >> got it. quick, preview bernanke tomorrow, we expect him. >> not tomorrow. >> not tomorrow. >> geithner went overtime. he was supposed to finish today. bernanke will come up on thursday. bernanke and geithner are the key figures. this was federal reserve authority that the bailout loans and the terms of the rescue were crafted under. explanations. >> thank you for being the guy for us in the courtroom. andrew calling in from gc. thank you. >> you're welcome. a $25 million scholarship donated to the united negro college fund has some calling
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for the charity to tear up the check. what is the problem - the signature? the koch brothers, one of the fearful families in politics are embroiled in the controversy. >> protestors are gathering... >> there's an air of tension right now... >> the crowd chanting for democracy... >> this is another significant development... >> we have an exclusive story tonight, and we go live...
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>> it's a chilling and draconian sentence... it simply cannot stand. >> its disgraceful... the only crime they really committed is journalism...
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>> they are truth seekers... >> all they really wanna do is find out what's happening, so they can tell people... >> governments around the world all united to condemn this... >> as you can see, it's still a very much volatile situation... >> the government is prepared to carry out mass array... >> if you want free press in the new democracy, let the journalists live.
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>> i lived that character >> a hollywood icon forest whitaker >> my interest in acting was always to continue to explore how it connected to other people >> making a difference >> what is occurring in other places, is affecting so many different ways... >> inspiring others >> we have to change those things, in order to make our whole live better >> every saturday, join us for exclusive... revealing... and surprising talks with the most interesting people of our time... talk to al jazeera, only on al jazeera america two scientists from japan, and one from the university of california at santa barbara are winners of the nobel prize in physics. the trio, isamu akasaki, hiroshi amano, and shuji nakamura won the prestigious award for inventing the blue-light emitting dye odds found in smartphones to televisions. you probably know it as an l.e.d. right. the professors created the first
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l.e.d. in the 1990s, after scientists struggled to do that for decades. the breakthrough allowing for energy efficient longer lasting white light found in electronic gadgets and light bulbs. it lasts 10 times longer than fluorescent light. and 10 times longer than the ones we grew up with. you can't underestimate the financial impact. to help to explain it we bring in tech correspondent jacob ward. help us out. let's talk about the specifics. why are breakthrough? >> there's the joke, whoever can invent a better light bulb is the better person. it's hard to do. the original filament incandescent light bulbs gave off heat. they burnt your happened when you unviewed them.
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you have to put current into the metal and gives off heat and waste. fluorescent light bulbs, more efficient, but have other bad properties and involve a great deal of gas, environmental implications are involved. what these guys did was create a cheap and efficient forms of light that you could ever do. they banked their head against the problem for decades. it involved a fundamental kind of physics, and broke through and created a light bulb that we will all sit under within the next 10 years. >> we are all using them. >> it has practical applications, more so than lowering the electricity bill. that's one big thing. >> sure. >> there are others. >> that's right. when you look at the impact that this has on the world. you mentioned earlier that it's 10 times - lasts 10 times longer than fluorescent and 100 more han an incandescent.
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in this energy efficient way it gives off more light. there's 1.5 billion people not connected to an electrical grid. it's creating problems, not just the inconvenience of not seeing. we are tabling about if you need to deliver a baby after dark in many sub-saharan countries, that has an as tron somicly greater chance of dying because the midwife cannot see what is going on. people have created shoulder charged lanterns that replace light and provide light in a surgical setting. they have created solar powered l.e.d. latches replacing kerosene. the sheer amount of really good that this thing brings all over overestimated. >> i like it. it seems like a departure from the nobel prize, and i can get
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different. >> it's interesting. the winners last year won for having pinned down an early origin of the universe, we are used to the idea that it was high-minded stuff. this is back to what alfred nobel had in mind when he created the prizes. he pointed out the need to put science and creativity towards the service of humankind. this is the most beautiful little ex-pegs of that. it's -- expression of that. it's fundamental physics, hart science. the guys work for decade to grow semiconductors and it will save children's lives directly, because someone in africa will be born under a light in the way they never could have been before this work. >> you bring it to a level we can all understand in terms of how they are used and really the importance of this discovery. pretty cool. thank you so much, jake ward, for letting us have a little peak into what the l.e.d. meant.
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>> appreciate it, thanks. the best of technology can be found in the type of life-altering inventions recognised with the nobel prides. powering the tv, lights and making a problem more environmentally friendly than a predecessor. the future of our technology is not always bright. take your issues pitting privacy against security, n.s.a., google, facebook - they all want your information and claim they are there to help you. you know, think about it - emails, texts, phone calls, and you have your government seeking access to it often in the name of security. well, do you see a payphone on the street and wonder why they are still around? they like the advertising on the side but there are other reasons. in new york the city is reversing course on a programme designed to attach beacons to
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the phone booths, capable of tracking your smartphone. the company that installed hundreds of beacons argues the programme was not designed for spying, but want to push advertisements likely to annoy you when they show up on the phone. it raises a larger question - do we, as a society, believe in 2014 that we are not tracked. you know email is forever, or you should. google search tag knows more about you than anyone in your home, and in the wake of the edward snowden leaks, president obama was forced to admit that though the n.s.a. has access to your information, they are not really interested. unless you open up an encyclopedia brittanica instead of a search on a computer you've pretty much agreed.
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it's just a matter of just - like the billy joel song. >> announcer: this is al jazeera. hello, welcome to the newshour live from doha. these are the main stories we'll be looking at this hour - more heavy fighting around the town of kobane, as syrian kurds battle i.s.i.l. forces. kenya's president appears at an international criminal court to deny charges against humanity. europe on alert - concern for public healt