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tv   Interviews Culture Art Documentaries and Sports  RT  May 31, 2014 8:00am-11:01am EDT

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escaping the violence we speak to children evacuated from the ukrainian city of slovyansk where shelling has hit residential areas as key of presses on with its military operation in the east. the mob going to. the shows are opting for a peaceful retirement in these wires including the ex intelligence chief and the outgoing president's brother known for his reputation of brutality to find out how he's been doing in america. and asia in terms of violence to play a greater defense forward in the region promising support to all nations that in their territorial disputes in what's seen as a de get china. and
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welcome to our international twenty four hour news live from moscow my name is you our thanks for joining us. there's been a fresh spike of violence in the eastern ukrainian city of slavyansk where we're seeing reports of army helicopters opening fire on the city earlier local self-defense forces said two people were killed and four injured with civilians among them as ukrainian forces attacked overnight. there were around hundred thousand people is one of the main targets of caves military operations in the region it's residential areas have come under fire several times this week with shells hitting houses and even a school and a kindergarten many locals are leaving the city or at least seeking to send away their children hundreds or evacuated to crimea and will be housed in the summer camps. following the situation in the region for us in the last two days more and
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more civilians have found themselves in the line of fire there was a children's hospital that was shelled a number of residential buildings have been attacked at the same time there was a school and a kindergarten that came under fire locals tell us on friday there was a lull in fighting presumably this was to coincide with the fact that it was the last day of school but what people on the ground are telling us is that overnight shelling in the eastern ukrainian town of slovyansk resumed now at least two hundred children have been evacuated from the town to the resort of crimea this was a journey that was not without its hic cups but what we do understand is that the children are now safely in crimea of course they had to face the hardiest journey of unsafe roads this was not the only problem there was also the question of alerting the ukrainian authorities that there were buses with children making their way through this territory we did manage to catch up with a few of the children and this is what they told us look in the new york city often
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comes under mortar showing people go hard as a result. of the signs on your wall that my grandfather's leg even pierced the bomb it went a little deeper it could hit an artery. just. we just saw unusually calm and quiet here no explosions going off as compared to what we left and. larry nobody expected the scenes like that to start happening in our small town there was no themis for anything that might blow it is that our snipers that i was very scared there were explosions my dead just celebrated his birthday and he was rukun by the sound of shelling that day i'm really glad i'm here now it's calm here and to protect it as the violence seemingly spirals out of control more and more innocent people are being hurt and even killed so many people here on the ground expect that the violence we've witnessed over the past few days is just a taste of what's to come. there are also reports that another group of around
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three hundred children may be evacuated from other safer towns in the region this is racial way youngsters are at constant risk of being caught in the crossfire has triggered an online campaign now as you can see here the harsh target save don't buy children it's spreading on local social media with many joining the online action calling for a stop to the militia operation in eastern ukraine however ukrainian news outlets are accusing local militia of using children as human shields and staging provocations for an expert foreign affairs expert any boy some knowledge believes the claims are illogical. it's propaganda it strikes me as very ham fisted and frankly absurd if the people in slovyansk wanted to really make a propaganda bit out of it deal would have tried to keep the civilians in emphasize their suffering to the world media it's more much more likely that they're just trying to get the children away so that the don't fall victim to the indiscriminate
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shelling by the government forces if you look at the record of the of these people and how they've essentially defied. the oligarchy armed forces with their bare hands initially and peacefully until they had no other option but to fight i seriously think this is a spurious and secure this allegation. and observers from the organization for security and cooperation in europe the war detained by self-defense forces in the lugansk region say they're safe and being treated well have to answer them on the ass as well as to follow minute by minute updates on the developing situation in the country. thousands of afghans who have been working with american forces are now settling in the u.s. among them is the money has been labeled afghanistan store train cheve another is
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the brother of the outgoing president hamid karzai who ran as a current of that in april presidential elections despite spending most of his time in america while he's going there to chicago to report. we're standing next to a restaurant that belongs to humming birds i'd rather you are so i guess at least for here in baltimore maryland this was his first karzai first came to us forty years ago and since then he had his one foot here the other in afghanistan when the u.s. brought his brother to power you got to stay where you are safe became fully involved in afghan politics even ran for president then he withdrew his nomination and came here. karzai is not the only afghan leader who kept a foot in another world haji gulag michael ran afghan intelligence services detention and interrogation branch is now in bigger ways he's referred to as the torture in chief human life with poise documented widespread portrait now they do this at the facility that he ran when the u.s.
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went into afghanistan the cia would put him to help seize on the heart then as head of interrogation he took care of so to speak thousands of prisoners captured by u.s. forces a senior afghan official told the washington post that full on life use this position that all bible supports and in which his business families were routinely forced to pay ransom but they would be so this man was allowed entry into the united states and now found home on the outskirts of los angeles entry situation in the united states is one hundred percent political in the politics is not did you commit human rights abuse uses did you commit torture the real political criteria is did you serve in function as a proxy for the united states and those who committed great criminal acts at the very moment that the u.s. and its foreign policy is guided by freedom and democracy and the and the end of human rights abuses the same people come to the united states with the support of the u.s. intelligence agencies they're set up comfortably they're given access to markets
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and credit they live quite well about three thousand afghans who had worked with u.s. forces in different capacities are now here in the way and thousands more are seeking to leave again before u.s. troops pull out involved. more i'm going to check a party. as problems with higher education boil over in chile one also has test found a simple way of freeing students from huge university debt. and that some say he managed to get hold of the official paperwork five hundred million dollars and turns them to ashes we'll be hearing from the man himself later in the program about what it was he was driving him. japan's prime minister has pledged his country's support to southeast asian nations in their disputes with china. japan will help the countries in the region control their borders and keep their sea and air routes open and according to the prime minister it's no longer possible for any country to secure its safety on its own
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indeed just last month washington talk here in a cave territorial dispute with beijing and the largest u.s. naval fleet is currently docked in japan and finally the prime minister condemned any effort to destabilize the status quo in the region and let's now have a look at what's at stake here now the area with the doctor the red lining here sharyn here actually is what beijing deems to be if historic heritage this is belied basically states like vietnam brunei malays and the philippines are pushing their weight around trying to secure resources in the south china sea in fact indonesia and the philippines have been upgrading their defense forces to counter any external risks and political blogger that reinsdorf some things japan's involvement is not about working toward stability but rather about selling more. where he sold it to the public was to bolster security for smaller states such as vietnam and the philippines but israel concerns are not to help them with their own
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border disputes when you really look at it it's all about weapons sales and arms shipments they already shipped ten patrol ships so you promise. so the filthies three have been delivered and they're sending more to vietnam and also to indonesia . and his party and the unity party under it have been talking about amending the constitution of japan article nine which already has been ignored greatly because japan's defense force is definitely in militaries the sixth largest military expenditure in the world they have a huge navy huge air force but they have been prevented from selling our immense and joining in conflicts such as in afghanistan or iraq for the u.s. they can sell patrol ships and coast guard type vessels but not what he really wants to sell and that's real agenda in article nine which i think would be a disaster the u.s. supports the japanese in this unquestionably even if the japan might be right about
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some of this island disputes that's not in the u.s. his interest to u.s. interests is the cell remains and to contain china any cost nobody would anticipate an actual war between japan and china that would be insane but these things never happen on purpose all it will take is one x. and you could have a much greater conflict. coming up later announcing to national. see only black light at the time he won't see the light. of a great government maybe celebration of economic prions but the country's next generation don't share its optimism and its soaring unemployment after the break. dramas that can't be ignored. stories others refuse
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to notice. places change the world right now. to picture of days. from around the globe. looking. versus the people and we grow we democracy deficit dollars all across europe that's a very strong message to the gate keepers of the european union and the establishment media they must get that power to the people. in the secret lover tour. was easy to build the needs most sophisticated robot which on the cheap leave doesn't give a darn about anything james mission to teach creation and why it should care about you and. this is why you should watch only on the algae dog god.
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you're watching also international good to have you with us let's move on now chilean students have been marching in the streets demanding free public university education for over three years now but despite a new president coming to power in march promising to make education reform a top priority little has changed so far and they sure has come into the spotlight again it was simply after a thirty one year old artist turned student debts into one of his pieces by setting university tuition contracts on fire so francisco tapia has released an online confession of the missing historical student debt paperwork worth five hundred million dollars and burned that makes it possible for students to get away without paying a single pass so the ashes from the documents have since been turned into an all out installation and that we caught up with the artist himself who told us about
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his initiative. i decided to burn the dead papers when i realized that tuition contracts were a bargaining chip between creditors and the universities direction i got rid of these papers to demonstrate how fragile the system is i wanted to show how one paper could ruin a life for instance many of the students were single mothers they went to study to provide their children with a better life but at the same time were deprived of the opportunity to see them grow to properly look after them and just one paper can whittle down all their efforts if you don't pay the bill your kitchen your stove or even your bed would be taken away this project exposes the flaws of the capitalist system where these injustices can exist i admitted burning the papers as the act started backlashing on some of the students so i took the responsibility to make sure they are protected. and private chain is central coast has been closed down as part of
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a government investigation into its financial operations and left students there unable to finish their studies and subtle with heavy debts investigators said the university was more than many known during operation and education facility but one former student told us it's not just the university but also the government that failed them. students are ready to go into debt to get a degree but the system itself isn't for students to get an education paying it jewish and contract can't escape the system cruzan pull to pay for five years of studies it usually takes a person almost fifteen years because of this credit system it's ok if this money went back to the university so it can grow and develop but instead they started stealing the money when the government stepped in to solutions were on the table to find the universe is equal to close it down and they chose to close it it happened because business for the government in chile is more important for cheese don't care that some twenty two thousand people now can't get an education and on top of
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that these students also lost the money they paid to get a degree and own life a right now as they should all the treatment of women in saudi arabia continues to outrage the international community or saudi princess is kept in isolation by their father king abdullah without food and have little access to water for sixty days now we got a detailed report of their plight just a click away on our website. and also it seems people's objections i mean it's one up against the promise of riches that as the california senate i'll close a moratorium on fracking more what's helping the controversial industry step float despite a wide public condemnation on r.c. dot com. your friend post a photo from a vacation you can't afford college is different. the boss repeats the same old joke of course you like. your ex-girlfriend still paints
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tear jerking poetry keep. norrish. we post only what really matters at r.t. to your facebook news feed. after years of us territory and the bailout sniggering government's been came to shout about improving economic figures but there wasn't a year elections the main opposition party which has been critical of the bailouts taking the lion's share of the vote with the public failing to share the optimism they also are cities. found in athens it's young adults who are suffering most grappling with fears that he remains uncertain. people have been coming here in the masses since they can on the crisis began but what they don't see is how desperate people here have become someone able to get jobs while those who do are forced to live with their parents because salaries remain low you see only the blacklight of
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the tire you won't see the light i'm so miserable there are many times when you disappointed and you give up you reach a stage of disparate when you can't figure out what the point of your existences youth unemployment increased to fifty seven percent in february this year so in a way these girls who are in the work are quite lucky to have an income at all but going on thirty and living with mom and dad is not what they had imagined it can go out i can buy my own car. car i can just wake up one day i have a week off work so i can take the plane and go for example to london where most sister lives in your freezer three times if you look you're losing your dignity and you're good for nothing but things are looking up according to the government they're celebrating the economy's improvements in the first quarter and the european commission expects the unemployment rate to turn a corner and that's the year the problem is that after years of austerity no one's buying their statistics anymore texas continue to rise so risk into you could drop
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into stere to measures are still in place this girl never actually found a job so she created a company with her friends when i asked her what she would do if that venture fails she admits that there's not much else left. i do have many options haven't thought of leaving the country but if i have to i will many of my friends have done that and found jobs greeks are very patriotic so the last thing they want to do is leave but they can't help but notice that the grass is much greener on the other side when they see my friends who who have gone to foreign countries do the two you do you are basically. their salaries are so big they are very satisfied with their level of life and they always ask me why don't you come in then i feel depressed struggle at home or move abroad these seem to be the only two options for youngsters in greece even those with jobs which makes you wonder how
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the rest are surviving merino of course are of our reporting forty from greece. the whistle blowing fugitive i don't snowden's first interview where she gave to us t.v. channel is still grabbing the attention of the global media but she is a very and has found a key part that was essentially hidden from the public either portrayed in the set to find out all. this is a key question that the nine eleven commission considered and what they found in the post-mortem when they looked at all of the classified intelligence from all of the different intelligence agencies they found that we had all of the information we needed as an intelligence community as a classified sector as the national defense of the united states to detect this plot we actually had records of the phone calls from the united states and now there was no need to expand any state intelligence program after nine eleven
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because the information was readily be readily available to stop the attacks but don't let that stark reality get in the way of the government's desperate justification for spending hundreds of billions of dollars and taking away our civil liberties all in the name of stopping terrorism. and brave a roundup of other world news making headlines across the globe a roadside bomb has killed at least twelve civilians in eastern afghanistan most of the victims were women they were returning from a wedding ceremony when their vehicle was hit by a homemade bomb improvised explosive devices killed some nine hundred civilians in the country last year alone. hundreds of protesters across brazil have shown their red card to the football body
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angry at the massive cost of the upcoming world cup i love the group of striking teachers also took part in some paolo demonstrators took over a metro station they say of eleven billion euros the government says it expects to spend over the event would be better put towards improving public. the turkish prime minister has warned protesters not to hold rallies on the stand over the start of massive protest over individual and press freedoms. security has been boosted in istanbul with styles of police officers and dozens of water cannons deployed last year protests broke out across turkey after officers brutally broke out a demonstration against real redevelopment of a park in the city four people were killed and thousands injured during the running clashes with police. and washington has admitted a us citizen that was responsible for a suicide bombing in syria last week believed to be the first time an american has carried out such a long time in the country it was one of four bombings that killed dozens of
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soldiers in the northern town of live last sunday washington has also said it's concerned about big why would a number of westerners going to fight a cigarette many of them european. liza intellectuals and have gathered in new york for specialist left formed socialist rather left for a conference to share ideas on ways to transform the world the gap between the rich and poor visions for a better society and back in corporate greed were picked over as soon as the citric enough found out. every summer the left forum gets together in new york city a gathering where thousands of participants and hundreds of speakers engage in panels and debates throughout the weekend the goal is to address the most burning social economic and political topics that need to be tackled in modern day society this year and the theme of the left forum is reform and or revolution which pretty much speaks for itself we have high profile activist intellectuals and academics
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come together to try to gauge ways for society primarily in the west but really throughout the rest of the world to move forward in this seven year after an economic crisis well the question of reform or revolution is a crucial question because it's like what will it take to end the horrors reform will get to this sad maybe tweaked a little bit maybe transformed a little bit maybe even made worse because if you limit yourself to reforms you're never going to get out of the system that causes all of this for they see the so-called economic recovery only benefited the lucky few while the majority of the population throughout the world continues to struggle of the wealth gap continues growing whereas before asians and big businesses keep striving so the key question being addressed here is how to solve the existing situation to serve the ninety nine percent instead of the one percent and what kind of new system to build and how to do it moving forward through reform or revolution or both so these are the
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questions being discussed as well as what kind of movements and institutions really need to be created to build a better future today while love for distance here agree that a different world is needed analyzing a strategy of how to get there is what brings them all together at the left forum here in new york city this year as well as every year especially churkin out markstein me. and up next and also international markets kaiser stays i haven't discussed how banks does should be punished for financial crimes but if you are in the u.k. say train full speed. nicholas kulish. why do candidates you smear tactics to get in office because it works if all that mattered about a candidate were their positions they would just hand out piece of paper with the
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guys position for them but that's not how it works people make choices based on emotions whether they are buying a can of pop or selecting their candidate it's the packaging that counts heck obama won at ages marketer of the year for one of his campaigns yet image is everything but in texas one hopeful for the lieutenant governor's chair has used arrivals of medical records against him the incumbent david do hearst has been able to use the medical records which were released by another candidate who dropped out to make his opponent look crazy because he was at a psychiatric hospital twice with around the clock observation for severe depression now is it ok to use this info in a campaign maybe the public should know if someone is crazy legally is probably ok and yet works but is hypocritical all of us are guilty of something and if you take our worst moments as a person then you can make anyone look evil this is the tactic of the week with nothing to offer the public so they hide behind slander they just want the position of power and nothing more but that's just my opinion.
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right. now i. want it for. the signings. one time an abortion before this creature looks like a baby. and a career is going pretty well at the moment i've got a loving and caring partner who understands my situation. warrants.
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and definitely is in the right time. and i need something about it. serious serious of a cost basis try to. save people who are going to be a memory and want to get much more efficient changing every minute of. the money not our last however. my own wife would have. most of the sick society all times. these cases just to beat the odds.
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sometimes for nothing which. is so mean and simple. it's not just the story kids will be just if you see a stage eight of the t.v. sets which was featured on the set of. the monstrous. max keiser welcome to the kaiser report hey it's all systems fail because of too big to jail max well the big headline this week for me i put in a tweet and it says jailing bankers for market manipulation will not be enough to
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curb future misbehavior mark carney and this is from a headline from the telegraph which read jailing bankers will not fix bad behavior says mark carney so he says there's nothing they can do one tweet response i think to set up the story here is hope and wins responded to me and said hang them then right now when mark carney says that jailing bankers is not enough to get them to you know change their behavior i think what he's saying is that the jailing is not enough of a deterrent obviously jailing or minor fines minor jail terms of not been a deterrent so in iran they take they hang the banks are in china they hang the banks years and this is proven to be a deterrent and you know in america there's capital punishment ok the state can kill people for crimes why not use it to go after the financial terrorists obama says he's against terrorism ok so let's prove it john kerry who says you know what snowden needs to man up and come back to the states i say to john kerry you need to
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man up and start hanging banks toure's that are terrorizing your people a wait a minute your big handbag waving parcher john kerry what a pathetic loser but in terms of this case i think mark carney was not saying we should do something more extreme in fact he was saying so we shouldn't do it at all and many people responded to me on twitter in this regard they said for example phil c. dirty said it would be a start and then sabine novice said is that implying that not telling them will. so he's saying let's not even do it at all but then again you know that could apply to almost any criminal you know murder still happen even though we jail them and america they execute them with some bizarre medieval techniques and still people murder so why if that's the case and mark carney's argument we shouldn't tell anybody right i mean the british taxpayer is the one ultimately losing i mean look here's a story in today's metro the british bill for e.u.
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they rise to five hundred million pounds and in the first paragraph they say because of the illegal u.k. u.s. could do in ukraine the british taxpayer is being billed five hundred million pounds so the government says there's no co and then the brussels is saying wait a minute there was a coup you i was five hundred million pounds and of course we're going to pay for it because cameron is a toady to the e.u. and you know for us can only do so much so and then go back to the story about telling bankers they want to target according to bill black who was a former prosecutor who put away eight hundred bankers in america after the s. and l. crisis he said it in fact did deter he spoke to many of these people crying like babies before hand saying please anything i'll do anything not to do any jail time so because however there is this theory going around by the central bankers and you know the attorney generals of the world that we might as well not jail any of these
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bankers because it won't stop them from doing any crime well this headline barclays traders many puke scams gold price to cheat client on the evening of june twenty seventh two thousand and twelve the same day u.s. and u.k. regulators find barclays to enter the ninety million pounds for manipulating the london interbank offered rate or a libel or general plunkett emailed colleagues to say he hoped for a mini puke to fifteen fifty eight the next afternoon meaning a drop in the gold price plunket got that by manipulating the fixing avoiding a three. point nine million dollar payment to a client according to the f.c.a. so he did this many puke a year after he had entered this options contract with a client whereby it was all or nothing so either the client won three point nine million dollars or he lost whatever he had placed on the options so he basically slammed that he told the gold fixing at three pm on the twentieth of june two
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thousand and twelve that in fact he had hundreds and hundreds of bars of order where he didn't and then pulled them right after the thing to slam the price right well you see it happening right now austria wants the delivery of their physical gold from london so the many pukes as there are you could call them the manipulating traders in london who of course are not being deterred by any kind of jail terms are manipulating this the gold market down because london has sold austria's gold they've sold it into the open market it's now in asia so now austria has no chance of getting their gold back same thing with germany so they're puking paper contracts as it's called to slam the price down giving the bank of england mark carney is going to man up and start to buy gold in the open market to make good on the austrian commitment that they remade done so the austria one of austria has a same opinion about bankers don't fulfill their promises so austria will say you know mark carney you owe us our gold you sold it to asia mark are you going to say
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well we we don't punish bankers in england and us you say ok then we're declaring war on britain how about that for our gold and then it's off to the races which is always the case this is a world war start britain sold austria's gold they sold germany's gold europe now needs the gold because of the hyperinflationary money printing by the central bank so let's go to war in that case gold is going to do very well so but but let's do it let's get it on john kerry get your swift boat out it's time to man up get to the. frontline or. kerry remember the price on june twenty seventh two thousand and twelve close at fifteen seventy three fifty so he needed to get it down below fifteen fifty eight fifty so he managed to do that but remember one of the arguments that naysayers against gold rigging argue all the time is that you can't possibly rig the market because for every buyer there needs to be
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a seller and every seller there needs to be a buyer well this case again once again we see that you're able to rate the price to whatever point you want it he picked a price he needed exactly the price that's what he emailed to his colleagues he needed it below fifteen fifty eight fifty they managed to get there how did they get there if this market is unreasonable because of the buyer and the seller and that part of the errors in the house are account and then it gets too big they get a bailout from the state we've been we've been over this many times before whether it's society general karylle who's being arrested and sent to prison for doing this exact same thing for his master to society in general the chairman of president told james carville manipulate the market and he did and now they made him the fall guy because decided generale technically insolvent b.m.p. in france not the races group here in the u.k. technically insolvent h.s.b.c. barclays lloyds are b.s. technically insolvent how do they stay afloat manipulating the market how do they
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finance it ultra low interest rates who gives a mill to low interest rates mark carney who doesn't give austria and germany back their goal. beseeching the leaders of germany recto invades u.k. bring back the glitz you're not going to get your gold in the us you probably frickin idiots that's what i'm saying go back to the subway it was underground and hide from the bombs because mark o'mara is still if your goal ok we're going to be in jersey or somewhere in this doctor so we can have all new jersey and. and some were better but so plonk at this guy he he booked for barclays a one point seven five million dollars profit versus the three point nine million that his client would have earned had his bet his option. for prince charles you know because he was criticizing putin recently and so let's do a version of the show that prince charles would understand that putin and russia not entered world war two when they did hot the mission for finishing it in
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flushing through can russia prince charles shop. ok so it does without russia prince charles would be a cow towing to his german masters these are the gracious little punk along with more cody that hardly sounded like a worse german accent ever but i was still thinking about the blitz i mean think of the genius so the client lost three point nine million dollars where he would have won it that means he was stolen from you might as well have just taken it out of its notifier it was the target that's all i'm saying so mark carney what an arrest him but that he did find him find the guy ninety five thousand six hundred dollars and the british bank barclays was fined twenty six million pounds no jail time remember david cameron what about those little kids who stole four dollar bottles of water if they were old enough to do the crime they were old enough to do the time here he has to pay a small deterrent a small fine
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a small portion of his ill gotten gains. or if you're rushing to bob's british people. straight up so you mention that the low rates are there in order to cover up all these many pukes all these naked short selling is all these violent financial crimes against the financial system around the world against our savings against our you know futures our incomes our jobs well here in the united states the. they have a headline lower rates fail to boost mortgage activity so total mortgage applications for refinances and home purchases are down forty eight percent on the year but home sales of both new and existing are up why because all cash buyers are up they now account for thirty three percent of all whole purchases in the united states which is the typical year on average is about ten
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percent so despite the low rates the bottom ninety nine point nine percent cannot afford or are not even qualified to be given a loan now in response the u.s. government f h f a and fannie mae and freddie mac. are want to loosen the standards in order to allow the normal joe schmo to come into the market to pay basically to give rewards to the all cash buyers who have been in there at the bottom right we can't taper a ponzi scheme so they're going to make it easier to flood the market with more ponzi finance and they've got now the u.s. is selling bonds to brussels through the e.c.b. to keep the ponzi scheme going there is no taper that's a lie janet yellen is lying then you've got the blanchflower of paul krugman failing to tell people that low interest rates cause deflation they are creating the deflation by keeping the zombie banks alive i try to explain this to danny blanchflower but he's an idealogue he doesn't understand actual day to day
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economics same thing with paul krugman they're academics they know nothing about markets in the way that they work and the fraud in the crime black of course willing black understands this but he's been marginalized because they don't want any kind of rule of law anywhere in the united states and they think it's ok to steal people's gold ok germany austria well and also i remember this big piece by martin wolf he was saying that we need to destroy the savior class because they are the wrong there's a place on the underground for martin wolf waiting for him. ration book you know waiting for the above verse but it's obviously it's actually enabling the wrong day as you see in america average person is unable to even benefit from these low rates there's only one sort of class one specific small group of people who are able to take advantage of the near zero percent rate and they're doing very well and again making the bombs that wind up the ones that will not be makers the ones that are on
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rehabilitative all according to mark carney because sending them to jail they're so hard core criminals that even jail won't fix them threatening the jail won't make them stop their evil crime wave well you know britain don't think of the west think of them as love letters. from your friends in germany and austria well stacey we got to go thank you so much thank you max alright states if for the second half an interview i grabbed a few days ago with ronnie. i marinate join me on. impartial and financial reporting commentary interview
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and much much. only on the bus and. i wonder if you think that all that support comes free of charge or whether there is some sort of implicit expectation that american oil companies or just american companies will get someone access to your country's main old reaches absolutely and that is nothing. to do to achieve victory there must be some didn't return. i was born in the ukraine i grew up in a family of alcoholics as did many of my foster sons dead kids who had slept rough on the street since they were four years old some since they were two enough i'm not the rigid man where are you here again and now because of where i want to help
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. there was a group of kids standing by the road like you put the children here aren't even asking for food only wanted some water to drink. so hundreds and hundreds of poverty stricken children dressed in rags. but i couldn't forget the eyes of this one boy i came back a year later to find that little kid. a very big man. but that was how i came by one mole foster. welcome back to the kaiser report imax keyser time now to go to washington d.c. and speak with ronnie last stand point research dot com ronnie welcome to the
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kaiser report thank you for having me max ok ronnie you have a forty four page report essentially blacklisting companies like philip morris yahoo amazon apple on ethical and moral grounds why are you black listing them can you go into this a little bit yes the first and most extreme example obviously is philip morris they are in an industry that is killing five million people every year and michael bloomberg bloomberg has estimated that tobacco will kill one billion people in this century in china alone there are one million deaths are alone and there are one hundred eighty million children exposed to secondhand smoke know not only are we losing five million people a year to tobacco but ten percent of those half a million deaths are from secondhand smoke so you're talking about innocent victims
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i don't even want to go into how the children and the grandchildren of these victims have their lives impacted when they lose someone that is close to them. ok now ronnie you are with standpoint research and this is research that's you're making available to money managers pension funds and people on wall street so when you do your analysis and when you look at a company like philip morris or amazon or apple do you actually ascribe a let's call it a morality risk and try to quantify that in terms of what this could mean to the share price if morality were suddenly realized in terms of being discounted by the stock price if you catch my meaning in other words if apple computer is yeah go ahead and understand the question and the answer is in
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a capitalist system where the only thing that seems to matter is what the bottom line is at the end of the quarter there are going to be very few companies that are clean everyone at one level or another is being immoral unethical greedy selfish unfair if i was going to start eliminating every stock in the s. and p. five hundred from consideration the minute i saw something that disturbed me there wouldn't be any stocks remaining to recommend so what i do is i only single out extreme examples like you have with apple for example one hundred fifty billion dollars in cash and they're only paying their employees two to three dollars an hour in asia many of those employees have committed suicide already i don't want to talk about the s. and p. five hundred i just want to talk about six names in the s. and p. five hundred apple amazon wal-mart c.v.s.
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starbucks i'm nick donald's their combined market capitalizations right now is one trillion dollars with a t one trillion dollars all of that money and all of that stock is in the pockets of the multi-millionaire and billionaire shareholders the employees have nothing it's a disgusting system that has to be wealthy distribution and that is the only way that the situation will be resolved. i want to get your thoughts on on something a few years ago sak goldsmith who is a minister of parliament here in the u.k. and myself were in the process of creating a hedge fund and this has fund would identify companies like the ones you've identified for example amazon and apple and we encourage people to boycott these companies while we simultaneously sold short stock in these companies as a way to monetize that dissent and then we also suggested that any profits made by
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this had fun would go to the victims of these companies like the victims of apple computer who are working for slave wages in china i want to get your thoughts on this as a know as a way to monetize your work and what your thoughts are running the the idea is is very clever and very creative i've never heard anything like that before but i would have to ask you what would have happened if you shorted amazon three four five six seven years ago your hedge fund would be out of business right now because the stock went from one hundred to four hundred since i blacklisted it it went from four hundred to three hundred but i don't know if that had anything to do with my call i think it's just the timing was good and it was a coincidence that there was some bad news coming out around the time that i that i blacklisted the name what i would tell you to do though as you probably could could could short those names as
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a basket so you don't get burned if one of those names goes against you in a short squeeze for example right well it just isn't well just to be clear as we iterated this concept in the magazine the ecologists here in the u.k. the boycotts on the short sellers were tied to the size of the boycott and then they had the shorts themselves were heads in the options market so our exposure was never greater than two or three percent or the cost of that had. and we put all of our own is on the policy yeah we put the onus on the public for other words if the public was truly against amazon and truly against yahoo and philip morris we put it on them and say look you boycott we'll sell the stock short and we'll head to the shorts and if they if the if the price stuff goes down we'll transfer all the money to the victims in india the victims around the world and i just want to tell you i just want to tell you that sounds like a very good idea obviously it's a new idea being thrown at me but it's very creative i think it could work you just
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have to be. understand that this is something that doesn't happen overnight over a period of several years i think there will be a shift in the consciousness and awareness of people with social media now and there will be more activism and what we want to see at the end of the day will happen it just might not happen as soon as we write ok on this topic there are two other groups that are pursuing something similar ronnie there's of course the group anonymous which announced last year the creation of a hedge fund that would attempt to sell short offending companies and also there is we've who's a troll a very famous troll who spent some time in prison who has just announced a new head fun concept and he's seeking funds on start join the crowd funding platform so you're an excellent company and we applaud your work here and we wish
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you to continue to highlight what is the genuine risk of these companies they are a gauged in risks that are externalized in other words apple and philip morris exxon this risk is not something the day they deal with all of this risk is externalized and socialize and put into the public domain which would you say that's a fair statement. yes i think it's only a matter of time between before the truth comes out and people start voting with their wallets these companies at the top that are acting in a moral and unethical ways will not change until they realize that it is more costly not to change and all they have to do is hear the word boycott and they will start shaking in their boots and they will start paying their employees the way they should be paid and looking at paying employees before they pay their shareholders because that is what has to happen here it is just inexcusable and
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indefensible the what to what level we have stooped in this society where shareholders of a half a dozen companies could be sitting on a trillion dollars and the employees have nothing i don't even want to talk about what's going on with starbucks coffee bean pickers and central america the c.e.o. is sitting on two billion dollars the company's market cap is fifty billion dollars and the bean pickers are working for four dollars a day it's disgraceful and it has to stop and i think with social media there was a buzz and of little ground grassroots movement starting right now and i hope driving a few million people to my website between now and the next presidential election could make all the difference in the world with regards to who gets in and in twenty six team now ronny over there at standpoint research your constituency or the people that are supporting your work we're talking about especially wall
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street we're talking about money managers and brokers who read stock analysts at analyst reports all day long and they're reading your reports you're not coming to this from the point of from let's say green pace you're coming to this from the point of view of being a stock analyst so you you're identifying risks that. these companies should be aware of so when these companies read your research that they're seeing potentially some risks to their balance sheet that nobody is talking about are they blaming you for pointing out this this risk is there an idea that ronny if you just stop talking nobody will pay any attention to this risk are you getting pressure from wall street to stop talking you know what's happening because i am on the far left i am on the far left politically i'm attacking the far right and the upper class and some of my clients are on the far right and in the upper class and some of them
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found it difficult to listen to what i was saying and i lost a few accounts from the far right but they've been replaced by accounts that are coming to me unsolicited from the left that admire what i'm doing i don't think anyone is selling stock based on my blacklist because they don't believe wall street will pay much attention to it in the near term ok but people are looking at what i'm saying they're watching it from a distance and the minute these stocks start to break down and other people follow my lead i think you will see people go into the exits which they will not want to listen to the public backlash and the negative public will ations that is attached to these names there are thousands of names to invest in they may decide to take the path of least resistance and just go with companies that are not in the news in the way that i am putting these names in the news well i understand the political
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orientation for sure but having worked on wall street myself there is a four letter word that nobody likes to hear it's called risk and you are highlighting what could be an enormous risk factor if the public suddenly starts to care about what these corporations are doing now a list of we have about one minute left ronnie i wanted to ask you i believe coming up in july you're going to be adding some names of companies to your list can you speak about this at this time running. yeah i would i would recommend that people go to my new website it's philanthropy and philosophy dot com where i am encouraging activism public you know raising awareness to these issues and i also highlight to is up to a dozen charities that are the most highly regarded highly respected and efficient organizations in the world they are doing god's work they are angels and we have no
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excuse not to help these people out we could eliminate poverty very quickly if people would just start. paying a little bit more attention to what is going on around them instead of having an insatiable insatiable appetite to consume things that they don't need from companies that do not deserve our revenue right and let's fund these charities by shorting these very stocks all right ronnie moaz thanks so much for being on the kaiser report thank you for having me that's it for this edition of the kaiser report with me max keiser and stacy herbert i'd like to thank our guest ronnie muhl as of standpoint research dot com and philanthropy and philosophy dot com if you'd like to get in touch tweet us the kaiser report until next time by. going to war should be for this creature looks like. a career is going pretty well
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and i've got a loving and caring partner who understands. he's in the right time. to go. to school. people are going to. give. him. every minute.
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oh well. might. so. it's. something from nothing. it's still. it's not just you still can still be shot if you see the stage eight look to be. but speech of the city. will take some steps to reassure ukraine we want to see a prosperous stable ukraine but i don't think that you know in the end i don't think that the west is going to do all that much for you great.
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escape in the violence with speaks of children evacuated from the ukrainian city of slavyansk where. has paved residential areas as kiev presses on with its military operation in the east. also the solid form obgyn officials are opting for peaceful retirement in the us including the outgoing president brother and the ex intelligence chief known for his reputation of brutality. tension in japan and vows to play a greater defense well in the region promising support to all nations of bad territorial disputes in what is seen as a dig at china. international
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news and call me live from moscow this is all see with me. and welcome to the program. there's been a fresh spike of violence in the eastern ukrainian city of slavyansk where we're seeing reports of on the helicopters opening fire on the city earlier local self-defense forces said two people were killed and four injured with civilians among them as ukrainian forces attacked overnight. a single round hundred thousand people is one of the main targets of caves a military operation in the region its residential areas have come under fire several times this week with shells hitting houses and even a school and a kindergarten many locals are leaving the city or at least seeking to send away their children hundreds or evacuated to crimea and will be housed there in some accounts and his policies following the situation in the region for in the last two days more and more civilians have found themselves in the line of fire there was
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a children's hospital that was shelled a number of residential buildings have been attacked at the same time there was a school and a kindergarten that came under fire locals tell us on friday they was allowed in fighting presumably this was to coincide with the fact that it was the last day of school but what people on the ground are telling us is that overnight shelling in the eastern ukrainian town of slovyansk resumed now at least two hundred children have been evacuated from the town to the resort of crimea this was a journey that was not without its hic cups but what we do understand is that the children are now safely in crimea of course they had to face the hardiest journey of unsafe roads this was not the only problem there was also the question of alerting the ukrainian authorities that there were buses with children making their way through this territory we did manage to catch up with a few of the children and this is what they told us in the new york city often
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comes under mortar showing people go hard as a result. of the signs of my grandfather's leg even pierced the bomb it went a little deeper it could hit an artery. and that would be good for him just. like we just saw unusually calm and quiet here explosions going off this compared to the left and it was scary nobody expected the things like that happen in a small town that was no themis for anything. below which is the largest not just i was very scared there were explosions i did just celebrated his birthday and he was rukun by the sound of shelling that day i'm really glad i'm here now it's calm here and to protect it as the violence seemingly spirals out of control more and more innocent people are being hurt and even killed so many people here on the ground expect that the violence we've witnessed over the past few days is just a taste of what's to come. and there are also reports that another group of around three hundred children may be evacuated from slovyansk to other safer towns in the
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region the situation the way youngsters are at constant risk of being caught in the crossfire has triggered an online campaign and as you can see here the hash tag save donbass children is present on social media with many joining the online actually calling for a stop to the military operation in eastern ukraine however ukrainian news outlets are accusing local militia of using children as human shields and staging provocation as foreign affairs expert. believes the claims are illogical. it's propaganda it strikes me as very ham fisted and frankly absurd if the people in slovyansk wanted to really make a propaganda bit out of it deal would have tried to keep the civilians in emphasize their suffering to the world media it's more much more likely that they're just trying to get the children away so that they don't fall victim to the indiscriminate shelling by the government forces if you look at their record of the
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of these people and how they essentially defied. the oligarchy armed forces with their bare hands initially and peacefully until they had no other option but to fight i seriously think this is a spurious and secure all this allegation. crowd has planted in donetsk the how both pro tone and the sentiment towards the authorities first tests is we're inventing that fury at kiev for waging a military crime down in the region and they also demanded peeve this is also one of the main targets of the miniature gratian and today there was a pool so we need financing be international adults and the training ground of a local football club. and servants from the organizational security hands corp who were detained by self-defense forces in the lugansk region say they are safe and being treated well had to call for more on that as well as to follow the minute by minute updates on the developing situation in the country.
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sounds of afghans who have been working with american forces are now settling in the u.s. among them is a man who's been labeled afghanistan store in chief and the other is the brother of the outgoing president hamid karzai who ran as a candidate in a post presidential elections despite spending most of his time in america oh he's going to church i can now reports we're standing next to a restaurant that belongs to him because i'd rather tell you our side he has a place for here in baltimore maryland this was his first karzai first came to the west forty years ago and since then he had one foot here the other in afghanistan when the u.s. brought his brother to power you get this thing where you are say became actively involved in afghan politics even ran for president then he withdrew his nomination and came here. and karzai is not the only afghan leader who kept
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a foot in another world project gulag like iran afghan intelligence services detention and interrogation bridge is now in your way is referred to as the torture ichi human rights with force documented widespread portrait now they do this at the facility that you've read when the u.s. went into afghanistan the cia would put it in to help seize on the heart then as head of interrogation he took care of so to speak thousands of prisoners captured by u.s. forces a senior afghan official told the washington post that full on life used his position that all bible store in which his business families were routinely forced to pay ransom but there would be so this man was allowed entry into the united states and now found home on the outskirts of los angeles entry situation in the united states is one hundred percent political in the politics is not did you commit human rights abuses did you commit torture the real political criteria is
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did you serve in function as a proxy for the united states or those who committed great criminal acts at the very moment that the u.s. and its foreign policy is guided by freedom and democracy. the end of human rights abuses you seen people come to the united states with the support of the u.s. intelligence agencies they're set up comfortably be given access to markets and credit they live quite well about three thousand afghans who had worked with us forces in different capacities are now here in the way and thousands more are seeking to leave again before us all are involved more i'm going to check out our. problems with higher education boil over in cimi one also has found a simple way of freeing hundreds of students from huge university debts not something he managed to get hold of the official paperwork worth five hundred million dollars and turned them into ashes we'll be hearing from the man himself later in the program about what was driving his actions.
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japan's prime minister has pledged his country's support to southeast asian nations in their disputes with china friends or japan will help the countries in the region control their borders and keep their sea and air routes open and according to the prime minister it's no longer possible for any country to secure its safety on its own indeed just last month washington tokyo is a key territorial dispute with beijing and the largest u.s. naval fleet is currently docked in japan and finally the prime minister condemned any efforts to destabilize the status quo in the region so let's now take a look right now at most of the current disputes in the southeast asia region are all about so look here now the area within the dotted red line shown here is what beijing deems to be its historic heritage this is the red line itself states like vietnam brunei malaysia and the philippines are pushing their weight around to try to secure resources in the south china sea in fact indonesia and the philippines
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have been upgrading their defense forces to counter any external risks and political blogger ryan dawson things japan's involvement as. what about working toward stability but rather about selling more. way he sold it to the public was to bolster security for smaller states such as vietnam and the philippines what his real concerns are not to help them with their own border disputes when you really look at it it's all about weapons sales and arms shipments they already shipped ten patrol ships to promise of the filthies three been delivered and they're sending more to vietnam and also to indonesia. and his party and the unity party under it have been talking about amending the constitution of japan article nine which already is being ignored greatly because japan's defense force is definitely in militaries the six largest military expenditure in the world they have a huge navy huge air force but they have been prevented from selling are immense
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and joining in conflicts such as in afghanistan or iraq for the us they can sell patrol ships and coast guard type vessels but not what he really wants to sell and that's his real agenda is to him in article nine which i think would be a disaster the us supports the japanese in this unquestionably even if japan might be right about some of those island disputes that's not in the us is interest to us interests is this. and to contain china any cost nobody would anticipate an actual war between japan and china that would be insane but these things never happen on purpose all it will take is one accident and you could have a much greater conflict. coming up an international while yet another bailout as you read it from greece. the only black light at the time you won't see the light of the country's next generation ph i mean it's soaring unemployment and
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doesn't share the increasing optimism of the government. i wonder if you think that all that support cost free of charge or whether there is some sort of implicit expectation that american oil companies or just american companies will get someone better access to your country's riches absolutely and there is nothing these days for nothing if this somebody assisted you to achieve a certain victory there must be something in return. the greatest nations emphasize with palestinians put millions into health and provision. engaging for
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a bright future of freedom. you feel the problem is one of the battle to ban the promise is one but any bread. for seven for. the duties. this is all seem to national welcome back. chilean students have been marching in the streets demanding free public university education for over three years now but despite a new president coming to power in much promising to make education reform a top priority little has changed so far and they sure has come into the spotlight again recently after a thirty one year old artist turned student debt into one of his pieces by setting university tuition contracts on fire so francisco top here has released an online
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confession admitting his stole student debt paperwork worth five hundred million dollars and burnt it that makes it possible for students to get away without paying a single payer so the ashes from the documents have since been turned into an art installation and we caught up with the artist himself who told us about his initiative. i decided to burn the dead papers when i realized that tuition contracts were a bargaining chip between creditors and the universities direction i got rid of these papers to demonstrate how fragile the system is i wanted to show how one paper could ruin a life for instance many of the students were single mothers they went to study to provide their children with a better life but at the same time were deprived of the opportunity to see them grow to properly look after them and just one people can whittle down all their efforts if you don't pay the bill your kitchen they're still or even your bed we got taken away this project exposes the flaws of the capital system where these
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injustices can exist and i admitted burning the papers as the act started backlashing some of the students and that is why i took the responsibility to make sure they are protected. and private investors here in china's central coast has been closed down as part of a government investigation into its financial operations it left students there unable to finish their studies and told saddled with heavy dads that investigators said the university was more of a money laundering operation than an education facility but one former student told us it's not just the university but also the government that failed them. students are ready to go into debt to get to degree but the system itself isn't for students that get an education contract can't escape the system for example to pay for five years of studies it usually takes a person almost fifteen years because of this credit system it's ok if this money
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went back to the university so it will grow and develop but instead they started stealing the money when the government stepped in to solutions were on the table to find the universe is equal to close it down and they chose to close it it happened because business for the government in chile is more important don't care that some twenty two thousand people now can't get an education and on top of that these students also lost the money they paid to get a degree and on line for you they show the treatment to women in saudi arabia continues to outrage the international community for saudi while princesses are being kept in isolation by that far that king abdullah without food and little access to water for sixty days now and got a detailed report on their plight just a click away on our website. and also it seems people's objections mean little when up against a promise of riches that as the california senate outlaws a memorandum of. more what's helping the controversial industries stay afloat
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despite white public condemnation on. your friend post a photo from a vacation you can't afford college to different. your boss repeats the same old joke of course you like. your ex-girlfriend still paints tear jerking poetry keep. norrish. we post only what really matters at r.t. to your facebook news feed.
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i. cross talk rules in effect that means you can jump in anytime you want. i can only record tape for. her. audience now right and i. want to give the public. like.
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the greek government is about to receive a not a cash injection approved by the international monetary fund the public however is failing to share the optimism of the authorities about world the new bailout will do to the economy and mari not course or rough found out in athens it's young adults who are suffering most grappling with fear is their future remains uncertain . people have been coming here in the masses since taken on the crisis began but what they don't see is how desperate people here have become someone able to get jobs while those who do are forced to live with their parents because salaries remain low you see only the black light at the top you won't see the light this time some of the many times when you disappointed and you give up you reach a stage of disparate should when you can figure out what the point of your existences youth unemployment increased to fifty seven percent in february this year so in a way these girls who are in the work are quite lucky to have an income at all but
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going on thirty and living with mom and dad is not what they had imagined they can go out i can buy my own car and i have to drive my mom's car i can just wake up one day have a week off work so i can take the plane and go for example to london where most sister lives and we'll see so the family feel like you're losing your dignity and your good for nothing but things are looking up according to the government they're celebrating the economy's improvements in the first quarter and the european commission expects the unemployment rate to turn a corner and that's the year the problem is that after years of austerity no one's buying their statistics anymore texas continue to rise so risk continue to draw wind of stary to measures are still in place this girl never actually found a job so she created a company with her friends when i asked her what she would do if that venture fails she admits that there's not much else left. i don't have many options haven't
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thought of leaving the country but if i have to i will many of my friends have done that and found jobs greeks are very patriotic so the last thing they want to do is leave but they can't help but notice that the grass is much greener on the other side when they see my friends who have gone to foreign countries to you through europe basically and there. their salaries are so big they are very satisfied with . the level of their life and they're always asking me why don't you come in then i feel depressed struggle at home or move abroad these seem to be the only two options for youngsters in greece even those with jobs which makes you wonder how the rest are surviving marina of course or of our reporting fartsy from greece. the whistleblowing huge debt i don't snowden's first interview which he gave to the us t.v. channel is still grabbing that sanction of the global media but he's very own abenaki
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and has found a key part that was essentially hidden from the public eye about breaking the set to find out more this is a key question that the nine eleven commission considered and what they found in the post-mortem when they looked at all of the classified intelligence from all of the different intelligence agencies they found that we had all of the information we needed as an intelligence community as a classified sector as the national defense of the united states. to detect this plot we actually have records of the phone calls from the united states and now there is no need to expand any state intelligence program after nine eleven because the information was readily be readily available to stop the attacks but don't let that stark reality get in the way of the government's desperate justification for spending hundreds of billions of dollars and taking away our civil liberties all in the name of stopping terrorism.
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and round up all the other world news making headlines across the globe of course a roadside bomb has killed at least twelve civilians in eastern afghanistan most of the victims were women they were returning from a wedding ceremony when their vehicle was hit by a homemade bomb improvised explosive devices killed some nine hundred civilians in the country last year alone. hundreds of protesters across brazil have shown the red card to the food the fire angry i've been must a cost of the upcoming world cup a large group of striking teachers also took while and some paolo demonstrators took over a metro station they say they love and then viewers the government says it expects to spend on the rent the better the tools improving public services. the
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turkish prime minister has warned protesters not to hold rallies on the first and this stop of massive protest over industrial individual press freedoms security has been burst of in istanbul with thousands of police officers and dozens of cannons deployed last year pro has broke out across turkey after officers brutally broke up a demonstration against the redevelopment of a park in the city four people were killed and thousands injured during the running clashes with police. admitted a u.s. citizen was this possible for a suicide bombing in syria last week believed to be the first time an american has carried out such an attack in the country it was one of four bombings that killed dozens of soldiers in the northern town of it maybe last sunday washington has also said it's concerned about the growing number westerners going to fight in syria many of them. now at least four hundred fifty people have been detained on hating going to has been charges following
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a muslim brawl at the building signed of a business center in the russian capital earlier this week this meteor was captured by one of the eyewitnesses and uploaded online the clashes erupted on monday one hundred people on the building to stop its public want on the roadway was trying to buy witnesses say one man was seriously injured after being surrounded and basin by the angry crowd all they arrested are said to be migrant workers and israelis say it will sound really hateful. just like it's almost time for. international stay with us for that.
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remember back to when the end was fresh and new you know on the very last day of twenty eleven when obama who pledged to veto the bill side to the law anyways yeah that's the thing that document that allows the government to instantly detain people link to quote terrorism i've heard all sorts of opinions on how that language got into the bill ranging from conspiracies like obama's evil to apologetics like well the bill was really long in that language came out kind of vague regardless of how or why that abductor was though trial language got in. there and it is flagrantly unconstitutional so house or present it's adam smith and justin amash recently put forward an amendment to fix this little oversight note this tiny amendment would only fix the invent the tension issue and nothing else but even then when push came to shove and when congress was given the chance to just change that little bit of the n.d.a. about infant attention they shut it down two hundred thirty eight two hundred eighty two so what does this mean well it means that either they have zero concept
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of what the constitution means and even its lucis to derby patients or they really like having the power to make certain people disappear to mr facilities but that's just my opinion. lisa tried to play. the political news for you. or to destroy treating everybody. oh well. a lot like. let's say. these cases. sometimes for nothing.
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it's not just a story you'll be shocked if you see the stage take to be with each other. hello there i marinate this is the best and these are some of the stories that we're tracking for you today. first up and there are some massive sporting events coming up this summer the world cup kicks off in brazil in less than two weeks time and here on the show today to talk about the economic impact of all things athletic is for its economist victor at the mouth and then venture capitalist an economist bill janeway is alive on the program this afternoon he's joining us in via our new
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york city studio to talk about the innovation economy and it's the end of the week which means it's viewer feedback day here on boom bust edward harrison and i are addressing your questions coming to cern to live on the. so i want to miss a moment and it all starts right now. we have a great show in store for you today but first we want to get a little of the heavier news out of the way so here we go consumer spending in the u.s. surprisingly fell zero point one percent in the month of april it was the first monthly drop in a year's time and comes as a potentially worse some sign for an economic recovery the commerce department said spending consumer spending was down eight point one billion dollars last month the
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decrease came after a strong spending month in march now time for the fun stuff it's upon us now happy friday eve or microsoft c.e.o. steve ballmer will buy the los angeles clippers for a reported two billion dollars the team's co-owners shelly sterling sent out a media release thursday night stating that the struggling family trust had agreed to sell the team to the former microsoft chief executive bulmer outbid the likes of oprah winfrey and david geffen for the l.a. based basketball team however the deal must still be cleared by donald sterling who had controlled the team for more than three decades before he was caught on tape insulting african-americans shelly sterling who owns the clippers with her husband through a trust so that she was delighted with the deal yet mr sterling's lawyer bobby samee argues that as a cohen or of the team he has to consent to the clippers sale and his wrist refusing to back the deal now so mean he said quote that's his position he's not
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going to sell n.b.a. owners are due to meet in new york on tuesday to consider mr sterling's remarks the latest development could preemptive move by the n.b.a. to force mr sterling. to sell his interest in the team the deal will also need the blessing of the twenty nine other and be a owners who are expected to approve it as long as baltimore pledge is again to keep the team in los angeles and not move them to seattle or bombers based on mr ballmer said in a statement that he was honored to have his name put forward to the n.b.a. for approval and he thanked the league for working collaboratively with him throughout the sale for sale of the l.a. clippers requires the approval of three quarters of the thirty team owners in the n.b.a. mr ballmer retired from microsoft in february but he still owns shares in the company so it's unclear how barmore will actually pay for the acquisition but our next guest may be able to shed some light on that very subject and much more on the economy of sports as a whole fitter mouth's it is a professor of economics at the college of the holy cross specializing in sports
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economy and a perfect perfect guest to elaborate on today's events with the clippers now i spoke with him earlier and i started off by asking him to give us his take on this whole big deal take a look. first of all i think everyone thought that the clippers were going to sell for a lot of money last year forbes rated the clippers in their annual wage and at five hundred seventy five million dollars and most economists said that's that's way low especially since last month we saw the lowly milwaukee bucks in a much smaller market with a much worse team sold for five hundred fifty million dollars i think everyone thought that the clippers were going to sell for a lot of money i said look nine hundred million maybe a billion dollars and then today we get an announcement that the clippers win is for two billion that's a lot of money and i think that's a lot more than most that thomas and most other observers thought we thought was going to be a big number but that's a really big number major league baseball's dodgers that team just sold for two
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point fifteen million two years ago so here's my question how does one price out a major sports franchise i think there's two real issues going on here so first of all is you need to look at the revenue streams that places are likely to generate the clippers are in a you know the nation's second largest media market it's a market that has shown that it's willing to pay top dollar for basketball obviously the lakers have probably been the biggest draw in town for the last couple decades so one thing you do is you look at the streams of revenue and there's no doubt that the n.b.a. looks very healthy healthy going forward there was some question about you know maybe a decade ago would be n.b.a. be able to replace its restored retiring superstars like larry bird and magic johnson and michael jordan and i think with the error of their rent and bron james clearly we've got a new generation of superstar talent that's highly charismatic these are great
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players that the fans like and so the revenues at least going forward look pretty good for the n.b.a. and for an n.b.a. owner in l.a. . now you wrote a paper. or on sports franchises events and city livability two years ago and this is a big issue economically and legally now in two thousand and five the us supreme court ruled in kelo vs the city of new london connecticut that a city could they could invoke eminent domain under the fifth amendment of the us constitution and this is if a community would enjoy general benefits from economic growth from private redevelopment plan so i want to ask you what do you make of sports arenas like barclays center out atlantic yards in brooklyn displacing residents under eminent domain like this. well my personal feeling of that is that's a that's a pretty awful thing to do and to local residents is to clear them out just so a private n.b.a. owner a private arena owner can own a can own
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a bigger nicer stadium what we are seeing in the last five years or so is a lot more privately financed stadiums but publicly owned so you have an odd situation where a private owner decides to pay for the stadium but they want the local municipality to actually own it that gives them all sorts of tax advantages and also makes way for the local government to be able to use eminent domain to. get rid of any roadblocks that might be in the way of creating these statements i want to ask you is the first amendment right is the fifth amendment the right not to incriminate oneself is this how did they how are they able to employ not an awning on then. well there are the real key is you there is a real public reason to want to the government to have some towers of eminent domain so for example if you got a major interstate that kind of connected boston and new york or l.a. and san francisco and there's one person with one old house in the middle of where
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that's going to go and they refuse to sell no matter how much the government gets you know for the public good you say look we need this we need this road and there's one person standing in the way there is a sense that look the needs of the many outweigh the needs of that one person and we we as the government compensate them adequately but then also make the move that's a whole lot different though than a private business being able to force someone to move because they want a more profitable real estate development or a more profitable commercial development and i think you're really on the edge of things where you say look we're going to we're going to be. use the government to try to increase economic activity for private actors and that's real question of course the new london decision has had huge there's there was a huge outrage against that and you've seen many legislative actions being taken to
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try to undo exactly what the court did in that case now you wrote a paper on the employment effects of the two thousand and two winter olympics in salt lake city utah and this was an event that was overseen by former us presidential candidate mitt romney now did you find that the olympics were an economic boon to salt lake city area and if so in what way is so with most mega vets and most most sporting events and sporting franchises these things actually all are good for the economy but they're the amount of economic impact they have is a fraction of what is usually claimed by boosters so for example in the salt lake city case we did in fact find that salt lake city had a market increase in the employment during two thousand and two that employment dissipated after a year and we found that in fact the olympics created about seventy thousand jobs and that's great unfortunately the winter olympic committee in salt lake city had
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predicted it was going to produce thirty five thousand new jobs so what we found was a positive effect of the olympics but about one fifth of what the organizers claimed and we see this again and again in all sorts of activities from the super bowl the world series to stadiums and so again sports are a nice thing there are good for your economy but they're almost certainly good at a fraction of what the sports with your say. that was victor maltzahn professor of economics at because of the holy cross. time now for a very quick break but stick around because when we return we have bill janeway live on the show janeway is joining us via art and why is the studio to discuss the innovation economy plus edward harrison and i are tackling your viewer feedback in our weekly accrued interest segment but before we go here are a look at some your closing numbers of the bell the graph.
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the fifth. economic up down in the final month day that the deal sank i and the rest because i was doing the case will be everything we.
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do and i do have an abortion before this creature looks like a baby. is going pretty well at the moment i've got a loving and caring god who understands my situation. is definitely in the right time. need to think about it. this is still one of the most isolated and mysterious places in the world old legends of cannibals make many people afraid to travel here but they're going to put us on the nine year the europeans have been here for less than a hundred years few people know what secrets lay hidden within these forbidding mountains. they said a bunch of cannibals killed in a group of shamans
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a russian plane one of the biggest in the world flies over the pup when they get these wild mountains for the very first time. villages have never even seen a come. what will they make of this huge steel bug. european workers are told never to venture out alone. truths and myths oh no it's see. they'll take some steps to reassure you cream you want to see a prosperous stable ukraine but i don't think that you know in the end i don't think that that's the west is going to do all that much for you. told me my language but i will only react to situations i haven't read the reports so i'm not you know put a no i'll leave that to the state department to comment on your latter part of the
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month to say to secure a car is on the docket no god. no more weasel words when you made a direct question be prepared for a change when you throw a punch be ready for a battle freedom of speech and a little down to freedom to cost. that we still haven't quite figured out why financial crises occur and what causes them but we certainly do see the devastating effects of them today yet could it be that crises have positive results joseph schumpeter suggested that creative destruction can actually lead to innovation and economic revolution now we're living in times of amazing amazing technological innovation so is this post
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financial crisis period an opportunity for economic revolution well dr bill janeway is a venture capitalist a trained economist and an expert in understanding the innovation economy and he's joining us live from our new york city studio welcome to the show dr janeway now i want to start off by asking you right away you wrote a book called doing capitalism in the innovation economy in which you talk about the state as a principal actor in economic innovation so what is the key concept in the book. there are two the the central focus is that investing at the front here at the technological front here investing requires funding projects which are likely to fail progress is made by trial and error and error and they have the historically not just in the united states been two sources of capital to fund innovation at the front here the first has been
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a mission driven politically the judgment state which has been able to mobilize resources most visibly to all of us alive today on the one hand through the u.s. defense department and laying the foundations for the digital economy from silicon to software and including the internet and on the other the national institutes of health creating the scientific base for the biotechnology revolution. those are two examples but at a certain point when the technology has reached a stage where it's ready for commercial primetime then the funding historically and today has come from financial speculators from investors who are prepared to commit funds on the long term that first that it just might turn out to be google or facebook if you like once upon
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a time microsoft or apple but also are playing in liquid financial markets these are absolutely crucial acts access to the public stock market for ventures to be able to raise money at scale in order to be able to mobilize capital where the investor actually can make a profit can win even over the long term the project does not turn out to be economically viable again it's trial and error and error we saw this in the nineteenth century the railroads were funded in the united states and the united kingdom the pioneers of the railroad age were funded by speculators in the public capital market right the railroads were built the tracks were laid the companies that built them and that sold their stock off and went bust those are the examples of if you like positive bubbles positive speculative waves that fund technology
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at a scale that would never be accomplished by the rational prudent investor of the economic textbook of course those aren't the only kinds of bubbles bubbles also fun beach houses in the nevada desert tulip bulbs gold mines all sorts of waste when they infect the banking system as they did in two thousand and eight. then then the bubbles are on a quickly negative and their consequences can be disastrous so this is not a simple statement bubbles are good go for speculation it's that the focus of speculation and whether it's limited to the stock market or whether it is leverage to the massive leverage that takes place in the banking system and affects the whole economy that is a crucial difference one that has been difficult for people to grasp when they
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realize that we've had this tremendous destruction since two thousand and eight but on the other hand in the late one nine hundred ninety s. the dotcom telepaths com bubble but it buzz produced very little damage at all to the broader economy either in the united states or around the world dr singh way i want to ask you if you economic questions now innovation and uncertainty are closely intertwined yet today neoclassical economics seems to adhere to the idea of rational expectations so what impact does uncertainty have on technology innovation and the economy. rational expectations is in the process of fading away it was a dream it was i how papa says it was always called the rational expectations i papa says it was a fantasy that blew up in two thousand and eight for economics for the disciplines of economics and finance i like to say that two thousand and eight is the gift that
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keeps on giving because it has forced economists and financial theorists to reckon with the actual context in which economic and financial decisions are made it is pushed economists back to rediscovering the great works not just of paid or who actually on the subject was not terribly insightful but of keynes of the great high minsky forgotten now remembered as the the author of the minsky moment yes and i want to talk to them about that i want to know about nancy is right now you're associated with the teachings of hyman minsky who is an economist who has received a lot of press since the great financial crisis so what is your work with minsky tell you about the period we're going through we're getting venture capital technology investing and about the economy more generally. well meant that minsky was really concerned with the banking system with the credit system and he certainly got right the idea that when stability breeds instability
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when bankers lend money and people pay it back routinely they lend more money and the credit system moves through this kind of almost it seems fated path from a very conservative hedged situation where the borrowers are paying back the money they borrow out of their operating cash flow to what he called the speculative phase when they're paying their interest but they have to refinance the principal of the debt to where we get to what he called the ponzi level where the lenders are actually the lending the borrowers the interest which they then pay back when you reach that stage which we did in two thousand and seven they the game is the game is up pretty quickly it's interesting today this morning that gillian tett who's work in the financial times i admire enormously had an article about maybe things are getting too stable maybe volatility has declined so much that
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we're going to see a rise of speculative valuations of assets that could be destructive again i think we're seeing that but it's very isolated house prices in london the occasional social media want to be a challenger to facebook but it's not infecting the markets as a whole i think the problem what we're really living through now is the long term extended process of paying down the debt in the private sector it was the enormous accumulation of debt by households and by corporations that got us into this trouble and by banks it's certainly not the leveraging is continuing and it's why i expect we will have disappointing and frustrating least slow growth not just in the us. but in europe as well dr jane i wish i had more time to talk to you have great answers here but sadly we're out of time so you have to promise to come back on the
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show but thank you for your time and your insight that was a venture capitalist and economist bill janeway time now for our weekly look back. it's our week we had interest to look back well at least it is this week. and now every driver editor at harrison i put you the viewer into the driver's seat by being used to the show with your comments questions and concerns all centered us throughout the week via twitter you tube and facebook let's dive right in now to set up our first comment i want to play you a bite from our recent guest economist mark thoma now i asked mark if the fed should raise rates and this is what he had to say check it out. i think they should be very patient in doing so and they should wait until unemployment has clearly neared full employment i think if they pull the trigger too soon they could blunt
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what's already had to slow recovery so you know within that when they're within a point half a point of full employment then i'd really start thinking about beginning to raise interest rates if there's any sign of inflation then i think they have to consider raising interest rates but right now there's just no signs of inflation anywhere on the rise and so that's not a worry. now in response to that you viewer brian anderson said quote this professor mark thomas is ridiculous no inflation question mark look at food costs fuel medical housing the stock market education rising prices are rampant everywhere in the ivory tower of banking government and academia so edward is china being wacky or is his analysis solid what do you think well you know the thing the more concerned is that stock market thing that was talked about goes back to what bill janeway had to say janeway was talking about what gillian tett. and i used to be a credit market and actually even more concerned about the credit markets because when
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jane we was talking about two thousand and eight and its destruction he was really talking about the fact that in the one nine hundred ninety s. we had a stock market bubble that was massive but it wasn't associated with the credit markets as a result didn't have as deleterious effect is when you infect the credit markets and then you have the potential for debt deflation as after you have the inflation not only of asset prices but of of the debt that is underlying those asset prices that's when bad things happen and that's what we're seeing right now is an increase in debt in a very negative and frothy almost bubble is just kind of we're always. going to move right on and we're moving on to europe and the problems from the euro zone now here's a clip from our interview with marshall are about your day don't. hear this one trillion is a real problem the bigger problem that you have the banks in europe is that they're massively overcapitalized relative to g.d.p. and so the question becomes how do you guarantee the deposits in
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a credible way and i don't think that's been resolved i mean ireland for example that really was the camel of the straw that broke the camel's back in the sense that you had the irish government that said several years ago we're going to guarantee all of the pause in the of the irish banks and the markets began to say well hold on irish banks as a percentage of to. about five or six times g.d.p. how can the irish government which doesn't issue the euro credibly back those deposits and that's the same problem you have across europe even in place have your good o'kane now or here thought that was pretty good and he wrote to say quote as mr r. back pointed out the monetary and fiscal architecture of europe is cultivating imbalance in the union since the introduction the progression of this imbalance has been like watching a slow car crash however the origins of this architecture are rarely allies edward do you make what do you make of the euro zone's flawed monetary and fiscal architecture when you think you know what marc marsh was talking about it's even.
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g.d.p. of arlon the banks it's a symptom of these imbalances that we saw so you had german capital flow into ireland as a result of the suppression of wages in germany the so-called internal devaluation . there was a huge asset price bubble in places like ireland and spain as a result of the irish and spanish banks levered. they became unsustainable in their size as well as the asset bubble when things collapse the question was who's going to pick up the pieces because these are individual countries it's not the regulatory issue and that creates a massive problem that we see with the juxtaposition between the national and the supernational in the e.u. and that's what we're seeing play out throughout europe and it's not over we think that it's over now because of compressing but i think that the problem's going to come. in the next cyclical downturn and we're running out of time but i quickly
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want to move on to julie sandals and she was on the show to talk about net neutrality and we're not going play the bass but she was talking about latency which is another word for delay and how that affects the company's business so in response that segment michael g. argue this as the saying goes the cure for high prices is high prices if there is a free market in the internet. a company driving up prices won by the competition and their capital potential profit margins rise and word is the cure for high prices just higher prices we have thirty seconds for them to get take over because you have to look at the market structure over the period of time before those higher prices invite competition when you're in an industry that is highly capital intensive then you would have high prices for a long time before you're actually in competition and that's going to be a huge problem in telecom we're talking about five ten fifteen years down the. solution what i do think you're so much that's all for now but you can see all
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segments featured in today's show on you tube at you tube dot com slash boom bust r.t. we also love hearing from you so please check out our facebook page facebook dot com slash. and you can tweet us at edward and h. and make sure to tune in tonight friday night eight pm eastern for the premier birthday acted tonight our g.'s first ever comedy show it's hosted by the wonderful mr we camp and he's giving you. a look at the world around us it's really very funny and it's certainly important t.v. so you'll be wanting to watch this one from all of us here boom bust thank you for watching and i'll see you next time if i have a great weekend. i wonder if you think that all that support comes free of charge or whether there is
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some sort of implicit expectation that american oil companies or just american companies will get someone access to your countries when you know all breaches absolutely and there is nothing these days for nothing if there's somebody assist to do to achieve victory there must be some didn't return. just to see barclays lloyds r.b.s. technically insolvent are they stay afloat manipulating the market are they finance it also low interest rates who gives a mill to low interest rates mark carney who doesn't give austria and germany back their gold.
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economic record. for. the big three dogs in the. office now a. part. of what if the republicans sign. dramas the truth be ignored. stories others refuse to notice. the faces change the world's lights never. filled picture of today's news. on demand from around the globe.
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dropped. to fifty. escaping the violence we speak to children evacuated from the ukrainian city of slovyansk where else hillary shelling has hit residential areas as key presses on with its military operation in the east. also in the news former afghan officials are opting for a peaceful retirement in the u.s. including the president's brother and the ex intelligence chief known for his reputation of brutality. and asian tensions in japan bars to play a greater defense will win the region promising support to all nations in their territorial disputes in what is seen as a dig at china. international
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news and comment live from moscow this is our senior national with me. and our very well welcome to the program. there's been a fresh spike of violence in the eastern ukrainian city of slovyansk where receiving reports of army helicopters opening fire on the city earlier local self-defense forces said two people were killed and four injured with civilians among them as ukrainian forces at times overnight sitting around hundred thousand people is one of the main targets of kiev's military operation in the region it's residential areas have come under fire several times this week was shelled houses and even a school and into gas and many locals are leaving the city or at least seeking to send away their children hundreds were evacuated to crimea and will be housed there in some accounts paula ca's following the situation in the region for its.
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in the last two days more and more civilians have found themselves in the line of fire there was a children's hospital that was shelled a number of residential buildings have been attacked at the same time there was a school and a kindergarten that came under fire locals tell us on friday they was allowed in fighting presumably this was to coincide with the fact that it was the last day of school but what people on the ground are telling us is that overnight shelling in the eastern ukrainian town of slovyansk resumed now at least two hundred children have been evacuated from the town to the resort of crimea this was a journey that was not without its hic cups but what we do understand is that the children are now safely in crimea of course they had to face the hardiest journey of unsafe roads this was not the only problem there was also the question of alerting the ukrainian authorities that there were buses with children making their way through this territory we did manage to catch up with a few of the children and this is what they told us. the city often comes under
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mortar shelling people get hurt as a result of mourners going to the signs on your wall that hit my grandfather's leg even pierced the boat it went a little deeper it could hit an artery and that would be it. is that it was the last what you just saw unusually calm and quiet here no explosions going off as compared to what we left in five hours it was scary nobody expected the things like that start happening in our small town but it was never famous for anything what it is that ash not just i was very scared there were explosions any of my dead just celebrated his birthday and he was ruined by the sound of shelling that day i'm really glad i'm here now it's coming and to protect it as the violence seemingly spirals out of control more and more innocent people are being hurt and even killed so many people here on the ground expect that the violence we've witnessed over the past few days is just a taste of what's to come. and there are also reports that another group of around
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three hundred children may be evacuated from slovyansk to other safer towns in the region the situation where youngsters are at constant risk of being caught in the crossfire has triggered an online campaign and as you can see here on this video all the hashtag save donbass children is spreading on social media now with many joining the online action calling for a stop to military operation in eastern ukraine however ukrainian news outlets are accusing the local militia of using children as human shields and staging provocations foreign affairs expert in the bush in mileage believes the claims are illogical. it's propaganda it strikes me as very ham fisted and frankly absurd if the people in slovyansk want to really make a propaganda bit out of it dean would have tried to keep the civilians you know them to sides are suffering to the world media it's more much more likely that they're just trying to get the children away so that they don't fall victim to the
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indiscriminate shelling by the government forces if you look at the record of the of these people and how they essentially defied. the oligarch armed forces with their bare hands in the peaceful until they had no other option but to fight i seriously think this is the first per your sister or celebration. meanwhile a thousand strong crowd has rallied in donetsk the hubble pro autonomy sentiment towards the authorities first houses were venting that period key appalls waging a military crime down on the return of the also demanded peace there says he is also one of the main targets of the military operation and earlier today they were called so when you'd find sing a big international airport on the training ground of a local football club. authorities in donetsk are warning locals against approaching the area surrounding the airport because of the frequent gun fights happening that have to ask dot com to follow a minute by minute updates on the developing situation in the country. the.
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sounds of afghans who have been working with american forces are now settling in the u.s. amount is the man has been labeled afghanistan stall training chief and the other is the brother of the ousted outgoing president hamid karzai who ran as a counter that in april spreads additional actions despite spending most of his time in america has got a match to account reports. we're standing next to a restaurant that belongs to him because i'd rather tell you our side has a place for it here in baltimore maryland this was his first car side first came to us forty years ago and since then he had one foot here the other in afghanistan when the u.s. brought his brother to power you got to stay where you are say became fully involved in afghan politics even ran for president then withdrew his nomination and came here. karzai is not the only afghan leader who kept
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a foot in another world gulag michael ran afghan intelligence services detention and interrogation branch is now in bigger ways he's referred to as the torture each human life work force documented widespread portrait now they do this at the facility that he ran when the u.s. went into afghanistan the cia was putting him to help seize on the heart then as head of interrogation he took care of so to speak thousands of prisoners captured by u.s. forces a senior afghan official told the washington post that full on life used his position to settle tribal sports and enrich his business families were routinely forced to pay ransom for their would be so this man was allowed entry into the united states and now found home on the outskirts of los angeles entry situation in the united states is one hundred percent political in the politics is not did you commit human rights abuse uses did you commit torture the real political criteria
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is did you serve in function as a proxy for the united states and those who committed great criminal acts and the very moment that the us said its foreign policy is guided by freedom and democracy and the and the end of human rights abuses the same people come to the united states with the support of the u.s. intelligence agencies they're set up comfortably they're given access to markets and credit they live quite well about three thousand afghans what worked with u.s. forces in different capacities are now here in the way and thousands more are seeking to leave against them before u.s. troops pull out involved. more i'm going to show you hard. as problems with higher education boil over and surely one artist has found a simple way of bringing hundreds of students from each university day vast sums of money to get hold of the official paperwork worth five hundred million dollars and turn them into ashes we'll be hearing from the man himself later in the program about what was driving his actions.
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this later but now japan's prime minister has pledged his country's support to southeast asian nations and their disputes with china since there are japan will help the countries in the region control the borders and sea and air routes are open and according to the prime minister it's no longer possible for any country to secure its safety on its own indeed just last month washington. in a key territorial dispute with beijing and the largest u.s. naval fleet is currently docked in japan and finally the prime minister condemned any efforts to destabilize the status quo in the region so let's now take a look right now at what most of the current disputes in the southeast asia region are all about so it is here the area within the door to red line shown right here is where beijing debates historic heritage states like vietnam brunei malaysia and the philippines are pushing their weight around to trying to secure resources in
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the south china sea in fact indonesia and the philippines have been upgrading their defense forces to counter any external risks and political blogger ryan dawson things japan's involvement is not about working toward stability but rather about selling more arms. when he sold it to the public was to bolster security for smaller states such as vietnam and the philippines what his real concerns are not to help them with their own border disputes when you really look at it it's all about weapons sales and arms shipments they already shipped ten patrol ships to promise to the philippines three have been delivered and they're sending more to vietnam and also to indonesia. and his party and the unity party under it have been talking about amending the constitution of japan article nine which already has been ignored greatly because japan's defense force is definitely in militaries the six largest military expenditure in the world they have a huge navy huge air force but they have been prevented from selling are immense
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and joining in conflicts such as in afghanistan or iraq for the u.s. they can sell patrol ships and coast guard type vessels but not what he really wants to sell and that's religion and then article nine which i think would be a disaster the u.s. supports the japanese in this unquestionably even if japan might be right about some of those island disputes that's not in the u.s. interest the u.s. interest is this element and to contain china any cost nobody would anticipate an actual war between japan and china that would be insane but these things never happen on purpose all it will take is one x. and you could have a much greater conflict. and coming up ha international later this hour while yet another bailout has read it for. you see. he won't see the light the country's next generation fears for soaring unemployment and
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doesn't share the increasing optimism of the government after the break. versus the people and the growing democracy deficit voters all across europe have such a very strong message to the gate keepers of the european union and the establishment media they must end that power to the people. well take some steps to feel reassured green we want to see a prosperous stable ukraine but i don't think that you know in in the end i don't think that the west is going to do all that much for you great. dramas that try to be ignored. stories others refuse
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to know. things since changing the world right. to picture. from around the. globe. thanks for watching us here at our say international is a great time of year whether it's an out chilean students have been marching in the streets demanding for a public university education for over three years now the disappointed a new president coming to power and knowledge promising to make education reform a top priority little has changed so far and they sure has come to this point again was simply after a thirty one year old has turned into one of his piece that is by setting in of us
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to tuition contracts on fire so francisco top here has released an online confession of missing he stole students' debt paper walk worth five hundred million dollars and burn to it that makes it possible for students to get away without paying a single pass so the ashes from the documents have since been turned into an art installation and we caught up with the artist himself who told us about his initiative. i decided to burn the dead people as when i realized that tuition contracts were a bargaining chip between creditors and the universities direction i got rid of these papers to demonstrate how fragile the system is i wanted to show how one paper could rule life for instance many of the students were single mothers they went to study to provide their children with a better life but at the same time were deprived of the opportunity to see them grow to properly look after them and just one people can whittle down all their
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efforts if you don't pay the bill kitchen in their story you know that you even go to bed with a guy taken away that you don't know this project exposes the flaws of the capital system where these injustices can exist and i admitted burning the papers as the act started backlashing some of the students and that is why i took the responsibility to make sure they are protected. private he diverse attention is central coast has been closed down as part of a government investigation into its financial operations and left students unable to finish their studies and saddled with heavy debts investigators said the university was more of a money laundering operation than an education for said the say but one former student told us it's not just the university but also the government that failed them. students are ready to go into debt to get a degree but the system itself is our students that get more education that traditional country can't escape the system for example to pay for four years of
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studies it usually takes a person almost fifteen years because of this credit system it's ok if this money went back to the universities who grow and develop but instead they started stealing the money when the government stepped in two solutions were on the table to find the universe is equal to close it down and they chose to close it it happened because business of the young meant in chile is more important don't care that some twenty two thousand people now. don't talk about these transfers so lost the money they paid to get a degree and online they show the truth wonder women in saudi arabia continues to outrage the international community for saudi royal princess is being kept in isolation by their father king abdullah without food and had little access to water for sixty days now and go to days how to report on that plight just a click away on our website. and also it seems people's objections i mean
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little one up against the promise of richards says make california santa clause a moratorium on for a while what's helping the controversial industry a staff allowed despite of white public condemnation. your friend post a photo from a vacation you can't afford college you differently. your boss repeats the same old joke of course you like. your ex-girlfriend still paints tear jerking poetry keep. ignore it. we post only what really matters at r.t. to your facebook news feed. the greek government is about to receive another cash injection approved by the international monetary fund the public however is failing to share the optimism of the also as he's about what the new bailout will do to the economy. found out in athens it's young adults who are suffering most grappling
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with fears their future remains uncertain. people have been coming here in the masses since taken on the crisis began but what they don't see is how desperate people here have become someone able to get jobs while those who do are forced to live with their parents because salaries remain low you see only the black light at the tunnel you won't see the light at this time some of the many times when you disappointed and you give up you reach a stage of discretion when you can figure out what the point of your existence is youth unemployment increased to fifty seven percent in february this year so in a way these girls who are in the work are quite lucky to have an income at all but going on thirty and living with mom and dad is not what they had imagined i can go out i can buy my own car and i have to drive my mom's car i can't just wake up one day or have a week off work so i can take the plane and go for example to london where my sister lives and we'll see so the family feel like you're losing your dignity and
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your good for nothing but things are looking up according to the government there is celebrating the economy's improvements in the first quarter and the european commission expects the unemployment rate to turn a corner next year the problem is that after years of a stereotype no one's buying their statistics anymore texas continue to rise so risk until you can draw wind of standard to measure still in place this girl never actually found a job so she created a company with her friends when i asked her what she would do if that venture fails she admits that there's not much else left and i don't have many options i haven't thought of leaving the country but if i have to i will many of my friends have done that and found jobs greeks are very patriotic so the last thing they want to do is leave but they can't help but notice that the grass is much greener on the other side when they see my friends who have gone to foreign countries to you through europe basically and there. their salaries are so big they're very satisfied with.
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the level of their life and they're always asking me why don't you come in then i feel depressed struggle at home or move abroad these seem to be the only two options for youngsters in greece even those jobs which makes you wonder how the rest are surviving of course of our reporting fartsy from greece. the whistleblowing fugitive edward snowden's first interview which he gave to us t.v. channel is still grabbing that tensional the global media but actually is very out of the military has found a key part that was essentially hidden from the public eye that breaking the set to find out. if this is a key question that the nine eleven commission considered and what they found in the post-mortem when they looked at all of the classified intelligence from all of the different intelligence agencies they found that we had all of the information
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we needed as an intelligence community as a classified sector as the national defense of the united states to detect this plot we actually had records of the phone calls from the united states now there was no need to expand any state intelligence program after nine eleven because the information was readily readily available to stop the attacks don't let that stark reality get in the way of the government's desperate justification for spending hundreds of billions of dollars and taking away our civil liberties all in the name of stopping terrorism. in our brief roundup of other world news making headlines across the globe a roadside bomb has killed at least well civilians in eastern afghanistan most of the victims or women they were returning from a wedding ceremony when their vehicle was hit by
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a homemade bomb improvised explosive devices killed some nine hundred civilians in the country. last year alone. hundreds of protesters across brazil have shown the red cross to the food budget to five hundred a big massive cost of the upcoming world cup a launch group of striking teachers also trip while its own paolo demonstrators took over a metro station they say they love and billion euros the government says it expects to spend on the event would be better put towards improving public services. prime minister one protest is not to hold rallies on the fast one of us or all the start of massive protests over individual and press freedoms.
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legal eagle. please please please please please please. please please. please. please. please.
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why do candidates use smear tactics to get in office because it works if all that mattered about a candidate were their positions they would just hand out piece of paper what the guys position front not them but that's not how it works people make choices big. on emotions whether they are buying a can of pop or selecting their candidate it's the packaging that counts heck obama won at ages marketer of the year for one of his campaigns yet image is everything but in texas one hopeful for the lieutenant governor's chair has used arrivals of medical records against him the incumbent david do hearst has been able to use the
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medical records which were released by another candidate who dropped out to make his opponent look crazy because he was at a psychiatric hospital twice with around the clock observation for severe depression now is it ok to use this info in a campaign maybe the public should know if someone is crazy legally it's probably ok and yet it works but is this hypocritical all of us are guilty of something and if you take our worst moments as a person then you could make anyone look evil this is the tactic of the week with nothing to offer the public so they hide behind slander they just want the position of power and nothing more but that's just my opinion. of the can we didn't. have to. do the.
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job is that a lot of. pressure. to . just north of. some of the shooting materials that could be serene. due mostly would be sure limited to queerish. machine tools for shooting composed seals so for the audition. be good for more. but if you in the morning.
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when i see you properly being musician but usually sure but i mean your engine is going to ask and. much will sort of come on to do. and i chose to do it but it's. for the butcher sure. the woods. even the pollute you sure he's going to do your thing at the post on those boards that shows us that if you did you shouldn't be giving it's more of my personal. mischance the special feel good little. for your door but i'd sure if so at the dio spoke of a need to give alice is just sitting pretty chick look at her doing it go got to get all this good old me but when you really mean it you got very uncomfortable and you could. help all of us with dutch that are going to miss out on this one
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though because believe me you must need to be. more. forceful quite the asian somebody had taken a hit. something that's most modest. mumbling about it until. then it's but that's unspoken but the most it's ok and some do know the meaning of being the most come and take you question can those and which could just. give what's. the point when we get since could. when we just really. didn't want to shyness was the prison warders but all naturally mr street wants me to read it but. will charge in there. was no street between march and opening up mr was
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a village level of tourist comes that's. shallow. with us took students to the room to do this pollution yet all of them were damaged so it was all of a vote which means between the modest. cooks and her she should talk with stuff from tim. cook me university and to some of the troops you know the kids will call them loose the room click but it is a one in corporate sure the mood change when the ready planes. are the most of them all of. you have been in your body move through the world in a day and really cool. serious the.
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mommy is not a question lots of people have a lot there will be even. more probably let me know when school comes from bottom step of the. truth and you can muster up to go do you really looking at it they want you to believe this because all this cost of the most thoughtless blow them is dilemma but if you've done so at the board not also. took me a plate of smokes you. miserable as which one like you was but about. what you what you as a believing kept anti-semitic you're going in the midst of all of what they should look at a shit book in the root of the text that has a beam and coke a shit up and put them in them and have simple choice because when you go to the baby was delivered to the village movie nucor the speaker had to release a cookie to look at the way to do what she just did a little it's just that the political. purpose little things before that we can is a do or small number would be punished i was with my thoughts on this richard quest but if this goes to talk a. little duke of course
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a little right will say the show us that was jewish groups that want to split it in this. was used to go to the room complete and listen to what it was just being on one or two or yes when the show has. been good to me the between just in the mission especially quantum to deal. with because i doubt. i'm still looking at the cool rushes of god with his reason i'm a credit card. to help the crush of bits that you. and your co-author put you don't know. what the cost to do with mamak of the words in your art. yes i was here with us open mast on the o.l. in my head for christmas ok then the album peace proposal another let you be at your. joe it class i'm weirdly do my time and well what i can what i should do at the core. but when i go i really imagine you're going to do it don't you mr because i'll. know when to situate your to put up with him
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a little which. to be pleased you. will pass the partnership and watch. which. a lawyer. could use to at the very vocal look of blood i sure would like to stop there on the right now that the police can really be mature your core a little blood in the right machine you'll get a leg near. the scars of a bit clearer than the mini and. the consortium you started with to be a failure because we. need a let's say prostitute because that's because that's because but i think it's another thing my disks my. north documents at a concert you wish i knew most of all to knock you out of the middle you are. most
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from the marsh called magician too much as a grown capricious please. when you wish to try to stream of the poor a. she just again you're. a spokesman for the channel to for. the moment he's been spewing. this. but there's of civility you can secure an e-mail you know one link you wish but nothing additionally you could say. we have just. going to try. this machine could. really go for simple machine border still position zero zero zero. zero year from what. we're probably going through three are you doing here this is the show through for . i mean it's. super bowl of.
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you know much more persona must be pretty reasonable so are you for those. pushing that supposed to be dealing with the system but that's a good thing because sites i think about to go out so you have to be a political thing just to look at this sixty million young people little to build. up with this you could even have to look the other mostly to see what you should visit doing the other. because. you see as a pretty new. to me of those of us this is a. child. that was a little school really achieve his model but almost. a lot of schools all this stuff which is what principal simply saluting up because all this. beautiful beautiful good post similarly if she if she if she just needs to.
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follow up she just makes through those almost. this is english speaking with a little eluded insidiously look below the seat which through all sheets is a list of what you would know if i say you have the sound of a crowd this is the you know out of work which is just your ears will shut you know the ball of the cards you respect do what it was between us the greek culture you. were doing extinction for the it will be worth for those are the words to be opposed which. could contribute much. just wish to. the interesting question distant is when newsnight. wishing anything. new is through can. you really. cook if you.
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can point to it in the. into question truth. with the increase. in the beauty of interest to put. the cuckoo to be over the edge of. the opportunities which. may be dispensed you can in a home. just. must go to continue. to need. to continue to. do this could be to move this. question right yeah
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yeah which to most to get starts in a debate. this is a little cool when you begin to cheat. his matches because we will know what i mean. because a. bishop who comes to king. will get a riveting ya'll as strong as brothers saw. you play more. than them when you're there but you are the story is new all the reason you move. your chair i don't feel good and when the going is not your squad because i won't force you to arrive in the gravel.
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to. pay me i need some way you just. need to put me up show some dignity law at the decision to work you could still be here to work. through some real law. jenny backus a bit with the dahlia. because this thing is just. such mistrust . ice chest. choose your language. make it with medical center special someone. chooses to give consent you. choose the opinions that immigrate to.
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choose the stories that in this case choose to access often. the basis tried to. play polo going to be good news for you. for sure changing every minute. of the make no law oh well. my old life became. most famously the same setting all time place cases most elite clubs.
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sometimes for nothing. this season and it's just such luck just keep up the story you'll be just everything you see a stage eight look to be. the teacher was selling. lemonade. we're going to go digital 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 across a cynical we've been a hydrogen lying handful of trans national corporations that will profit by
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destroying what our founding fathers once told just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem to try rational debate in a real discussion critical issues facing america to find different job ready to join the movement then walk a little bit of. history see barclays lloyds are b.s. technically insolvent and they stay afloat manipulating the market out of the finance and also low interest rates who gives a mill to low interest rates mark carney who doesn't give austria and germany back there of gold. will take some steps to deal reassure ukraine we want to see a prosperous stable ukraine but i don't think that you know in in in the end i
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don't think that that's the west is going to do all that much for you right. if you leave with economic ups and downs in the finite month days. if. you. made. your friends with a machine. at the booth for you through
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a. series of near. what is a try if you don't go thinking boy don't know the words to get you to focus more serious according. to the. machine. you are three get three. of those are needed. but the build up across the compares to the block at the throw forcing me. the beloved composer or for shane black at the source was. my presidency should. be always considered you should do that sort jimmy's death and. not just love to go to cause some trouble with one question though it was no more literature with. yourself in the go ahead axiom that said michael as. declared by sure if you wish
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she had that he could with that would sing if you used to quibble within the humes oh would you get him on you sort of a little bug was. a sham now which might mean was a mule of the dream was a new one at some point. and as usual on the wish of will. be god but it was and still is more was opinion. is that the momentum over a new system was by your request why didn't you put a ship pretty well to cool my team you should. just go quit the remove you don't notice was easy to build. when would you if you go in the mobile just start always seeing them feels that she has said that he would. switch you list that you think. you know was a share it's good to get them used to the one they had me and you will be pulled
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down there in time and there was a shared c.p.m. oh it's by rogen muzi good to get each keeps euro. news a bit of a sufficient. condition bullish attention to me here showing him. di defeats no one knows the more than quite suited to the gui do you mean your you believe you mean. but the. media. truth and now what with the. you can keep those. words. jim discredit the face your word is as after the movie or your full. reason.
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doesn't the child contribute i'm not sure you need. my getting. less of the words we mean i didn't mean that he was. not and that's when you last one not that will be it was. just as knowledge that would be good. to damage my post this. one then belle developed. an ethical decision with me as all. will be with him and. on the second. time when you meet and.
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talk about. the style of and yet. most of that opinion. in the future. nature woad system with yours isn't usually and there was more the producer nick record with your prisoner in the kirk version. comes from god so she's been change those are the most local streets you have seen used but it's been sort of a bed. she used to have in there but isn't it so smooth so pay me a. little bit that immersion is. not a good move when you're seriously anybody with a duck walk. could appeal to the. closest not what you can build clutch him to put up what is really needed because of so you business with much
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less conspicuous you do the talking comes from thoughts about this move or just a little aborting as you walk in all the new covenant that you know the borders of . and which which is most where the true romance which came in the rush to let me share a miracle but not return our calls awesome story or soon be you may have prompted me to kuchma were born. to insurers of the iranians similar to. the church of course. but you need when you put the shop when you get when you squeeze all equal children got up took up the killing of a policy but the numbers because of the need that they deal with just to give you push. push and look at your brilliance will go to shit the media which. shouldn't build bombs i'm sure you will receive it pushes. this much
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because the richest promise kasparaitis to korea. but i'm sure we should not skip the important to that one life is short and most will try to mr our own interest here. to keep you shouldn't. you're the one who gets to be on the commission or women which is procedure and women are limited to sure and reaps nuclear. war which. is not what it could be. it's just that you did you notice without a specialist should lead she had to do it immediately to. you know the best job we got most of the. witch. doctors to be able to be able to. get in with the most. reasonable some good reason because we're going.
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to stop at some point the real reason the trees never back up with appearances someone else was. brings not a club over the horizon or in our borders. plus we know what them is going to look or neutral those are three of them one of the best blow another bill of us with nimble to do it and one of the. trends was to make. the good out of this one in a resume our much of the actual reality blown call more people will seem is a lot like the slow motion on the opening was the other story of both of those things but at least that's just as we've seen that of the movements in the last two to be nikki. which on postcards he has a sloppy hammock may fall out a little at the bottom and i said it must happen it's a go shasta it was nimble political i knew just which to microsoft here for new
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privilege case but it's one that what the polling shows to repost from the new the kuan yew was how much of the talk about to go very little didn't disappoint them of an absolute that was part of the new cells of the. truck a minute ago for a minute or two because of the mood blissfully well over a year which could not almost cause my pop. more to your small to stick with your yes we can. among sort of the coming of the command you gotta win it sure. is the right. time just for the playing of the field again in the interest complete history right daughter. training up. to or close to the pilot of this thing coming out and still shooting baltimore. that's what they're going to do some parts of your soap opera. believe that the cops should completely every last one poster's mole noticed that what color they
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cooked with the words sized ball or the crystal clear saw. mommy pop are supposed to be. completely relatable next thoughts were to accompany most books. and balanced other still and still bought all the other cheap t.v. and that's just the kind of it's. the last coach to kill him on the radio but how else would dr chew it push law and order the book. and him in a real sort of little. book living on the roof with a western unpredictables on the roof of the shoulder it is a clue from the buttes apartment on the edge of the swiss army not to keep the blood to bootlicker lightly push a bit of bush and a couple. of the really. innocent dog recorded on to the. new puter illimitable. on a boat to go out if it's the god what's a boss wasn't. interested in the computer.
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book my hero. just what. kind. of special but it was little he knew all. and you don't want to march because. the year which could be. a shame you're still more to go on the. summer some of the most formidable winters go to sleep in the storm here's why would not a cure at the mile include those words just look at that and then you know our. course. at the grocery store at the grocery the side is not at the stores. and they are the newest trash. last night.
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as they go to sleep early. again almost. got over stress or beach to rid of the. mission for them that. in the. last couple of. years applause. that a little from. the new book. the sentiment of the beach in the mood to talk. to someone you know whether to believe in this ticket or a body ration about to be nice but i'll. make
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a bomb on board and you sort of watch was. really thought it was just me a blow the moment it was but i'm sure that it. was my ph d. . just meet me what i preach to your trip just two to name. because you're used. to. it was terrible say oh i'm very hard to make out. once again there is
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a lot that has sat with the earthquake there's no let's let's call it. just. plain. flip. of a. i was born in the ukraine i grew up in a family of alcoholics as did many of my foster son's kids who'd slept rough on the street since they were four years old some since they were two enough i'm not the
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rigid man where are you here and care now because of where i want to help won't be able. to go as a group of kids standing by the road like you put the children here aren't even asking for food only want to some water to drink. i saw hundreds and hundreds of poverty stricken children dressed in rags. but i couldn't forget the eyes of this one boy i came back a year later to find that little kid. a very big man. but that was how i came by one mole foster son. nations emphasize with palestinians put millions into health and provision. engaging for a bright future of freedom of. the.
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will. to better. any and all we. have. to do good on. this is still one of the most isolated and mysterious places in the world old legends of cannibals make many people afraid to travel here i think. europeans have been here for less than a hundred years few people know what secrets lay hidden within these forbidding mountains. killed in a group of shamans a russian plane one of the biggest in the world flies a couple in the guineas wild mountains for the very first time. villages have never even seen a come. what will they make of this huge steel. told. truth
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. i wonder if you think that. free of charge or. some sort of. expectation that american oil companies or just american companies will get someone access to. absolutely. nothing. to do to achieve three. hundred ten.
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escaping the violence we hear from children evacuated from the ukrainian city of slovyansk well subra shelling has hit residential areas as kids presses on with its miniature operation in the. form of going to shoals sing for a peaceful retirement and the view was including the outgoing president and brother on the x. intelligence chief known for his reputation of brutality. plus asian town of pung vols to play a great defense will win their return promising support to all nations and their territorial disputes in what are seen as a dig a trying time.

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