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Aug 16, 2013
08/13
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between europe and japan. the omt never actually utilized but you have seen a more aggressive response out of the european central bank than you saw out of the boj back in the '90s. second of all, european demo graph innings are not great, japan is a special case. japan has a very big demo graph inc. headwind worse than anywhere else in the world. and finally i would point out that while i've had low inflation in europe you've never had the type of entrenched deflation that has been evidence in japan now for the most part of two decades. the good news is that japan will hopefully finally be climbing out of that hole but i think it's fair to say europe even with all its issues is not yet japan. >> russ, a good question about europe. to me, you look at this euro box -- euro bank stock index, up 25% the last five six weeks. to me seems like a real chase here. what percentage of those gains are you know, is really affecting the european trade right here 'cause to me, a really weird timing on the straight. companie
between europe and japan. the omt never actually utilized but you have seen a more aggressive response out of the european central bank than you saw out of the boj back in the '90s. second of all, european demo graph innings are not great, japan is a special case. japan has a very big demo graph inc. headwind worse than anywhere else in the world. and finally i would point out that while i've had low inflation in europe you've never had the type of entrenched deflation that has been evidence in...
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Aug 13, 2013
08/13
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don't forget the europe's use for google and apple. i am a big believer that this is an important breakout quarter for google. it's been languishing because of the rebound in europe and, please, please, never forget that apple's got an amazingly outsized business in the continent. right now, apple's getting a boost from the news that carl icahn is taking a big stake in the company. carl icahn is the leader of this particular moment in the market. you know what, i think it makes sense to follow him, the stock's cheap. there's a new iphone around the corner, i've never heard expectations so low for a new apple device ever. already they're calling it a flop. no one's seen it and it's a flop. when the stock got crushed down below $400 and analysts cut the price targets and many of the price targets are below where the stock is trading given the 27% run from the low in april, that means one after another, these trend followers are going to have to raise their price targets again. yeah, i know the business is that stupid. but tomorrow mornin
don't forget the europe's use for google and apple. i am a big believer that this is an important breakout quarter for google. it's been languishing because of the rebound in europe and, please, please, never forget that apple's got an amazingly outsized business in the continent. right now, apple's getting a boost from the news that carl icahn is taking a big stake in the company. carl icahn is the leader of this particular moment in the market. you know what, i think it makes sense to follow...
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Aug 6, 2013
08/13
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KICU
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how does it look in europe? - well, it's better. i would stay away from, as you said, spanish banks, italian banks. i invest in dnb asa, which is norway's largest lender. so, take a look at the big ones like barclays and the like, that have less exposure to those sovereign issues in those southern european countries. - good advice. matt shapiro, thanks very much. - thank you. that's a wrap for today. coming up tomorrow, if this record- setting market has you nervous, you're not alone. advice to help you navigate your investing fears. from all of us at first business, thank you for watching. ♪ >> now a paid presentation for meaningful beauty advanced by cindy crawford. >> with special appearances by debra messing. >> valerie bertinelli. >> christa miller. >> and stars from tv's royal pains and the mentalist. >> hosted by network tv correspondent katrina szish. >> brought to you by guthy-renker. >> hi, everyone, i'm beauty and style journalist katrina szish on location in beverly hills. in just a few minutes we'll meet one of the mo
how does it look in europe? - well, it's better. i would stay away from, as you said, spanish banks, italian banks. i invest in dnb asa, which is norway's largest lender. so, take a look at the big ones like barclays and the like, that have less exposure to those sovereign issues in those southern european countries. - good advice. matt shapiro, thanks very much. - thank you. that's a wrap for today. coming up tomorrow, if this record- setting market has you nervous, you're not alone. advice to...
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cost of production of shale gas and europe is a company everybody or higher. in the united states and also as a situation that was there was a environment is different because in the us it's where the production is on populated areas which are quite there we have a bill in the united states but in europe we can't find such a big areas. populated. at each was of water and that we should not also close our eyes is that there is a environmental effects in the world and the look at the quite a number of the. distorted and facts associated there was a production of shale gas and it's not a surprise that. in poland all the major structural stepped out of shale gas exploration so if you like environmental issues of secondary importance for the united states in the europa was a problem of the water for that in concrete is very important to put that three is . what a lot of what is' and. is a. number one priority and as i told environment plus the cost. because by the action of the additional guess in the europe. and i mean first of all. is incompatibly more competitiv
cost of production of shale gas and europe is a company everybody or higher. in the united states and also as a situation that was there was a environment is different because in the us it's where the production is on populated areas which are quite there we have a bill in the united states but in europe we can't find such a big areas. populated. at each was of water and that we should not also close our eyes is that there is a environmental effects in the world and the look at the quite a...
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Aug 21, 2013
08/13
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sluggish sales across europe. one bright spot for carlsberg, though, were sales in asia where second quarter revenue grew by 10%. shares in the company this morning are down by .8%. jergen buhl rasmussen is the president and ceo of carlsberg and joins us from copenhagen. thank you for taking the time to speak to us this morning. despite the weakness in russia, and the bad weather in europe and -- in western europe in the second quarter, you were able to maintain your guidance. does that tell us you are going to be focusing more on cost cutting and efficiency going forward? >> i would say we are always extremely focused on our cost agenda and how we make the company more efficient. particularly in western europe where we have seen declining markets for some time. but, yes, to compensate some of the worsening of the russian market development, we will increase our focus on cost in the second half. but also we are doing better on market share in a number of countries than what we expected, so in russia, as an example
sluggish sales across europe. one bright spot for carlsberg, though, were sales in asia where second quarter revenue grew by 10%. shares in the company this morning are down by .8%. jergen buhl rasmussen is the president and ceo of carlsberg and joins us from copenhagen. thank you for taking the time to speak to us this morning. despite the weakness in russia, and the bad weather in europe and -- in western europe in the second quarter, you were able to maintain your guidance. does that tell us...
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Aug 14, 2013
08/13
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CNBC
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how important is the turn in europe? it's terrific news for china, which ships 25% of the goods to europe and it's been a black hole for the chinese. china's been trying with mixed success because europe's been terrible at trying to shift things. these efforts while not futile have caused the chinese economy to slow down bit by bit. i'm calling it chinese economic water torture. but the turn in europe has arrested the decline in chinese growth and i think it's begun to take the hard landing off the table. and it's why we're starting to see some positive momentum out of the chinese stock market. the impact, the worst-performing stocks for much of the year, the minerals and mining stocks have now become the best in show. later on this show, we'll hear from chart industries, a company that's seen a dramatic acceleration in equipment orders from china. so has cummins, and you wouldn't know it, just when caterpillar has finally guided down to the bone, its short-term view of china, the people's republic might be coming back.
how important is the turn in europe? it's terrific news for china, which ships 25% of the goods to europe and it's been a black hole for the chinese. china's been trying with mixed success because europe's been terrible at trying to shift things. these efforts while not futile have caused the chinese economy to slow down bit by bit. i'm calling it chinese economic water torture. but the turn in europe has arrested the decline in chinese growth and i think it's begun to take the hard landing off...
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Aug 13, 2013
08/13
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europe is undervalued. stay there for a moment. because we're coming back to the discussion, we'll get more calls from you. but just want to take a look at today's other top stories. blackstone wants to be your landlord, reports say the private equity firm struck a deal to buy the majority share in 80 apartment complexes from the lending arm. portfolio is worth about $2.7 billion. the buildings contain 30,000 units and are primarily located in atlanta and dallas. blackstone is the biggest owner of single family rental homes in the u.s. blackstone shares in frankfurt are down by roughly 2%. >>> reports say the hedge fund manager has made a bid for steinway of about $38 a share or $478 million. that would trump the offer that pianomaker agreed to in june from kkr. kohlberg has three days to match or top the new bid. paulson's offer is a rare topping bid made during a so-called go shop period. and after the fact option companies used to search for better deal than what they have accepted. steinway jumped 9% on this on monday and is up
europe is undervalued. stay there for a moment. because we're coming back to the discussion, we'll get more calls from you. but just want to take a look at today's other top stories. blackstone wants to be your landlord, reports say the private equity firm struck a deal to buy the majority share in 80 apartment complexes from the lending arm. portfolio is worth about $2.7 billion. the buildings contain 30,000 units and are primarily located in atlanta and dallas. blackstone is the biggest owner...
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Aug 15, 2013
08/13
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and flooding in europe. this is obviously something that also impacted some of the other insurers. and at first on cnbc interview earlier on, the group's ceo said that low interest rates also weighed on the group's investment. >> continued low interest rates are also impacting our result. investment income was down 8% compared to the prior quarter, which is a significant drop on the investment income, of course. >> dan scott head of venture research at credit suisse is still with us. dan, how concerned are you about numbers coming from we know the natural catastrophes had a big impact on the bottom line, but, you know, by and large, the market still loves the stock because of its strong capital levels and the fact it is paying a nice dividend. would you agree with that? >> well, our insurance analyst still has the company on hold. numbers were overall disappointing. i think they would like to focus on weather-related losses. but really, in fact, that's the whole sectors. and what the market is unpleased abou
and flooding in europe. this is obviously something that also impacted some of the other insurers. and at first on cnbc interview earlier on, the group's ceo said that low interest rates also weighed on the group's investment. >> continued low interest rates are also impacting our result. investment income was down 8% compared to the prior quarter, which is a significant drop on the investment income, of course. >> dan scott head of venture research at credit suisse is still with...
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Aug 14, 2013
08/13
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to buy europe. now, there is some indication to put up the european etf and you can see here there's clearly been money going into that in the last several weeks. money inflows in etf funds associated with europe and here's one of them, the vgk and there may be something behind all of that. let me put up some sectors. tough day for housing. last week fannie mae and freddie mac concerns, more concerns here, came out with earnings below expectations and new orders was a real problem for taylor morrison. these stocks out of favor, the itv, a new low for the year 2013. finally, sue, be careful about momentum stocks. cree was a darling. everybody loved cree, and when you have a situation where you have four great quarters and all of a sudden you get inline results and slightly lower guidance this is what happens. >> down 20%. >> look at that stock straight up. >> of course, they make l.e.d. chips, everybody loves them but that's the problem with momentum stocks. >> thanks very much, bob pisani. let's spe
to buy europe. now, there is some indication to put up the european etf and you can see here there's clearly been money going into that in the last several weeks. money inflows in etf funds associated with europe and here's one of them, the vgk and there may be something behind all of that. let me put up some sectors. tough day for housing. last week fannie mae and freddie mac concerns, more concerns here, came out with earnings below expectations and new orders was a real problem for taylor...
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Aug 1, 2013
08/13
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. >> if you want to know how europe works, a visit to brussels is a must. it is here where many decisions are taken that influence the lives of some 500 million eu citizens, but if you want to know what really makes europeans take, then you have to go far beyond brussels. for our summer series, we sent reporters to explore some of the distance hidden corners of europe. from the arctic circle to the caribbean islands. we start in turkey. >> this cemetery is located in turkey but has only christian graves. the names are polish. among those buried here outside istanbul are the ancestors of this man. many poles fled what was then sars to russia and were welcomed by the sultan ruling the ottoman empire. >> these are the graves of my forefathers. i'm fourth-generation. my great-grandfather was born in poland in 1820, and came here as a prisoner during the crimean war in 1848. but our village was founded earlier in 1842. that is his wife's grade. >> some graves document the historical legacy of ethnic poles who rose through the ranks fighting for the turkish sulta
. >> if you want to know how europe works, a visit to brussels is a must. it is here where many decisions are taken that influence the lives of some 500 million eu citizens, but if you want to know what really makes europeans take, then you have to go far beyond brussels. for our summer series, we sent reporters to explore some of the distance hidden corners of europe. from the arctic circle to the caribbean islands. we start in turkey. >> this cemetery is located in turkey but has...
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Aug 4, 2013
08/13
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KCSM
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. >> if you want to know how europe works, a visit to brussels is a must. it is here where many decisions are taken that influence the lives of some 500 million eu citizens, but if you want to know what really makes europeans take, then you have to go far beyond brussels. for our summer series, we sent reporters to explore some of the distance hidden corners of europe. from the arctic circle to the caribbean islands. we start in turkey. >> this cemetery is located in turkey but has only christian graves. the names are polish. among those buried here outside istanbul are the ancestors of this man. many poles fled what was then sars to russia and were welcomed by the sultan ruling the ottoman empire. >> these are the graves of my forefathers. i'm fourth-generation. my great-grandfather was born in poland in 1820, and came here as a prisoner during the crimean war in 1848. but our village was founded earlier in 1842. that is his wife's grade. >> some graves document the historical legacy of ethnic poles who rose through the ranks fighting for the turkish sulta
. >> if you want to know how europe works, a visit to brussels is a must. it is here where many decisions are taken that influence the lives of some 500 million eu citizens, but if you want to know what really makes europeans take, then you have to go far beyond brussels. for our summer series, we sent reporters to explore some of the distance hidden corners of europe. from the arctic circle to the caribbean islands. we start in turkey. >> this cemetery is located in turkey but has...
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Aug 6, 2013
08/13
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traders talking about europe. europe fell off the cliff. nobody has investing in europe. they pulled hundreds of millions of dollars out of europe and recently we've seen money going back in. i think it's a nascent story that's developing. i want to show you what's been happening in the uk. we've had excellent economic reports overall. when is the last time we saw this? manufacturing and car sales and home prices and retail sales, all of them were a little better than expected. the european stock markets are also doing better. here is something you want to watch. look at the ezu, the big exchange traded fund for europe. if you only want to own one stock for europe, this is the one you own. it's sitting a the a two-year high. it's down today but on friday it hit a two-year high. money for first time in a long time has been flowing into this exchange-traded fund and other european funds. this really bears watching. it's small, but i think it could become a big story and take money away from the united states if the data keeps supporting that kind of effort. meantime, we got
traders talking about europe. europe fell off the cliff. nobody has investing in europe. they pulled hundreds of millions of dollars out of europe and recently we've seen money going back in. i think it's a nascent story that's developing. i want to show you what's been happening in the uk. we've had excellent economic reports overall. when is the last time we saw this? manufacturing and car sales and home prices and retail sales, all of them were a little better than expected. the european...
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crisis two thousand and eight two thousand and nine into a sovereign debt crisis in europe around two thousand and ten when the financial markets started to react we got this setting in of austerity policies with people saying the number one priority has to be to bring down government deficit and government debt and that's comes first and frankly the experience of the last three years from two thousand and ten to two thousand and thirteen look at the figures. unemployment has grown in that period. growth has not taken off we see the eurozone still stagnating or in recession so in those terms we have bad outcomes but in addition and i think this is even more telling. we have no improvement in the deficit or the debt situations and in the end you have to grow to get out of debt you know if i'm unemployed i can't pay my electricity bill if countries aren't working they can't pay their debts so it's a downward spiral in austerity which i think we need to reconsider now those people who cannot pay their bills and spain and greece and some other southern european countries are now margrave
crisis two thousand and eight two thousand and nine into a sovereign debt crisis in europe around two thousand and ten when the financial markets started to react we got this setting in of austerity policies with people saying the number one priority has to be to bring down government deficit and government debt and that's comes first and frankly the experience of the last three years from two thousand and ten to two thousand and thirteen look at the figures. unemployment has grown in that...
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Aug 14, 2013
08/13
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relative to europe, relative to asia? >> europe is at zero. u.s. is between 2 and 4 and asia is double digit. >> i'm surprised by that. you know, there was a whole view that a number of u.s. companies had cut back too much in europe because they didn't think that things were growing enough. did you guys cut back, too, or no? >> no, we didn't. i think europe has a very, very long way out of the recession. been there for a couple years and our anticipation is the overall european economy will not see any growth in the next three to five years. >> how sensitive are you to growth in begin with? >> fairly sensitive. >> in soap and -- >> 50% of our business is adhesives. we're the largest industrial adhesive company in the world so we're very sensitive to automotive, electronics and aerospace and besides germany you're not seeing a lot of industrial growth in europe. seeing that coming out of asia and some coming back to the u.s. >> there's some talk that right now the european story is quieted ahead of the german elections and this story will really bec
relative to europe, relative to asia? >> europe is at zero. u.s. is between 2 and 4 and asia is double digit. >> i'm surprised by that. you know, there was a whole view that a number of u.s. companies had cut back too much in europe because they didn't think that things were growing enough. did you guys cut back, too, or no? >> no, we didn't. i think europe has a very, very long way out of the recession. been there for a couple years and our anticipation is the overall...
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Aug 5, 2013
08/13
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so yield curves, steep end in europe. particularly last year after draghi's speech where he said the ecb would do whatever it took. credit spreads have come in. credit default swaps have come in. real narrow money is growing. last year what we had seen in europe was that money was leaving the periphery. in a way what we're now seeing with the pmis essentially had been well flagged by a lot of the monetary liquidity indicators we look at already. i think we'll probably see further improvement and i think what's important for investors to recognize is that this is a cyclical improvement. it's not a structural solution to europe's problems. the european periphery essentially is trapped in a single currency where the solution is essentially debt deflation. >> okay. just a cyclical improvement. suggest actually europe stays -- no or very weak economic growth. >> unfortunately, that's true. >> what changes? >> no. if you think about it, it's an improvement. in fact, whereas before they'd been contracting quickly, what we're see
so yield curves, steep end in europe. particularly last year after draghi's speech where he said the ecb would do whatever it took. credit spreads have come in. credit default swaps have come in. real narrow money is growing. last year what we had seen in europe was that money was leaving the periphery. in a way what we're now seeing with the pmis essentially had been well flagged by a lot of the monetary liquidity indicators we look at already. i think we'll probably see further improvement...
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Aug 2, 2013
08/13
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back, want to cut that then focus on europe. if you want to stay with europe, because it will provide us with and it fits, -- benefits, then there's not much you can do. surprised that there is little you can do. does not need to be addressed in the least? >> yes, but the issue is not about counting people, but what you do with them when they are here. most people do not realize the difference between an asylum seeker, a refugee, and a migrant. it makes it difficult to contend with. one of the issues that we have is that people are not always clear on what immigration means. they are led by political discourse on all sides of the political spectrum. we do not hear stories about the politics of immigration. >> let's talk about one of those. we mentioned earlier this report done by the oecd that said that immigration has a positive impact on economies. what do you say? >> i reject that. i would like to start by saying the previous speaker, he said we only ever hear the negatives -- who said we only ever hear the negatives. i don't
back, want to cut that then focus on europe. if you want to stay with europe, because it will provide us with and it fits, -- benefits, then there's not much you can do. surprised that there is little you can do. does not need to be addressed in the least? >> yes, but the issue is not about counting people, but what you do with them when they are here. most people do not realize the difference between an asylum seeker, a refugee, and a migrant. it makes it difficult to contend with. one...
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Aug 29, 2013
08/13
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KCSM
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we could at least cut the average of europe by being a good aim. >> you mentioned europe. one man who has an idea on how to fill it is the vice president of the european commission. he gave an interview to the french papers over the weekend. he wants to see major reform of state run sectors of the economy. he expects results on three fronts. competitiveness and opening up the service sector. and in opening up to competition of the rail and energy sectors. the french energy giant remain virtual monopolies. these companies, couldn't they at least be partially more opened up than they are right now? >> a huge player around europe, but couldn't they open it up to competition here? >> that is planned in the european directive. >> he should work elizabeth moore on the european economy. maybe a little bit less in the details area is the first one to give lessons. >> it is not a detail. they have just given france a two-year free pass to keep their public deficit above three percent. it is their business. >> everyone is conscience about that. >> does not give them a say about what
we could at least cut the average of europe by being a good aim. >> you mentioned europe. one man who has an idea on how to fill it is the vice president of the european commission. he gave an interview to the french papers over the weekend. he wants to see major reform of state run sectors of the economy. he expects results on three fronts. competitiveness and opening up the service sector. and in opening up to competition of the rail and energy sectors. the french energy giant remain...
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Aug 7, 2013
08/13
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europe is less bad. that's usually the beginning of better news in equities, so i would be more globally diversified, but underscore one more time it's equities over almost everything else. >> so what about that, the international exposure? i've been talking the last couple of minutes about europe and certainly about emerging markets. we've seen a big underperformance in emerging markets. has that area bottomed, or do you still want to stay away? and what about europe? are you buying europe right here? >> yeah, nibbling on it. look, i think the structural issues are still there, and while the recession -- maybe with the bath water if you will, the companies that do have strong growth and good cash flow characteristics. in emerging markets, maria, look, i think you have to -- and nobody wants them, nibble away at them, that's been the history there. i don't want to be a hero and buy it all tomorrow morning. but i think dollar-cost averaging in with the u.s. profits is not a bad idea. >> all right, bob, go
europe is less bad. that's usually the beginning of better news in equities, so i would be more globally diversified, but underscore one more time it's equities over almost everything else. >> so what about that, the international exposure? i've been talking the last couple of minutes about europe and certainly about emerging markets. we've seen a big underperformance in emerging markets. has that area bottomed, or do you still want to stay away? and what about europe? are you buying...
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spotlight regarding press freedom especially in eastern europe europe has been commenting the situation in hungary recently but also in turkey and other states but i think we have to apply the same standards to all our members and these two actions do pose certain questions we're asking some background information from the u.k. government and i'm pretty sure we will receive a response very soon do you think the british government directly violated the human rights convention signed by the e.u. member states by doing this nobody is suggesting that the letter doesn't make any reference to violations it is simply inquiring how the u.k. government sees these two actions under its obligations under the convention we know the guardians editing chief said the newspaper has digital copies of that data outside britain do you see the government going after those too. this is really not for me to comment but what i would say is that the letter has some grounds indeed as you would have noticed that the partner of green glenn greenwald has a one temporary injunction before britain's high court prote
spotlight regarding press freedom especially in eastern europe europe has been commenting the situation in hungary recently but also in turkey and other states but i think we have to apply the same standards to all our members and these two actions do pose certain questions we're asking some background information from the u.k. government and i'm pretty sure we will receive a response very soon do you think the british government directly violated the human rights convention signed by the e.u....
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sort of save your way out of the crisis even though in europe as far as i understand there is still no consensus on whether it works or not from the labor a point of view or what kind of impact measures have had on the. population so far but i think you're right to point to the controller see around austerity policies because you know as the crisis turned from a financial crisis two thousand and eight two thousand and nine into a sovereign debt crisis in europe around two thousand and ten when the financial markets started to react we got this setting in of austerity policies with people saying the number one priority has to be to bring down government deficit and government debt and that's comes first and frankly the experience of the last three years from two thousand and ten to two thousand and thirteen look at the figures. unemployment has grown in that period. growth has not taken off we see the eurozone still stagnating or in recession so in those terms we have bad outcomes but in addition and i think this is even more telling. we have no improvement in the deficit or the debt si
sort of save your way out of the crisis even though in europe as far as i understand there is still no consensus on whether it works or not from the labor a point of view or what kind of impact measures have had on the. population so far but i think you're right to point to the controller see around austerity policies because you know as the crisis turned from a financial crisis two thousand and eight two thousand and nine into a sovereign debt crisis in europe around two thousand and ten when...
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Aug 13, 2013
08/13
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the emerging markets have secular engine which europe lacks. if you look at countries like greece, like italy, like portugal, it's really quite difficult to identify what are the growth engines, and that's really big issues. yes, the u.s. has outperformed. it's unlikely to continue to outperform like it has but i would look also at emerging markets and not just at europe in terms of catching up. >> mohammed, you know, a lot of this game is not what you buy but at what price you buy it. and emerging markets for a long time we've understood that they're growing faster than europe and yet the stock prices, particularly when i look at china, brazil, the bricks have just been abysmal. in the meantime, the dow is flat over the last 30 days while the euro stocks 50, which is the dow of europe let's call it, is up about 8%. so i think the market is telling us right now that the assets are too cheap. don't worry as much about growth rates, worry about value. where do you stand on that debate? >> so i think that's correct, but i would ltialso introduce a
the emerging markets have secular engine which europe lacks. if you look at countries like greece, like italy, like portugal, it's really quite difficult to identify what are the growth engines, and that's really big issues. yes, the u.s. has outperformed. it's unlikely to continue to outperform like it has but i would look also at emerging markets and not just at europe in terms of catching up. >> mohammed, you know, a lot of this game is not what you buy but at what price you buy it....
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think europe has locked itself in a corner it's painting itself into a corner where it's very difficult to extract himself from unless we get a new crisis point because i think what we learn from the history of the last five to six years in europe is that do you only changes state is mandated in europe comes when the market is pressuring the politicians all you see stock markets coming down so unfortunately like in history i think the only way we get resoled and mandate for change will come through that except new crisis point which i think will be back to our starting point as weak growth what we risk right now is clearly a jap and i ses and in europe doing nothing doing too little and waiting reforms to happen naturally it will not go that way unfortunately i case it stayed in your eyes i know out of the danger zone yet then. no but you know any news is good news in terms of positive grove but overall we need to see the structural elements is imbalances being dealt with and then we can have some hope but i don't think reaching forward is not going to be thirteen and probably not in fo
think europe has locked itself in a corner it's painting itself into a corner where it's very difficult to extract himself from unless we get a new crisis point because i think what we learn from the history of the last five to six years in europe is that do you only changes state is mandated in europe comes when the market is pressuring the politicians all you see stock markets coming down so unfortunately like in history i think the only way we get resoled and mandate for change will come...
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Aug 1, 2013
08/13
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i think the data is showing europe is improving. you got a case for higher earnings and if people feel like earnings can go up they can raise the multiples. >> what about the issue of the taper in this regard, that when people know that it's coming, if the impact has done so well this year, investors have had great returns they make some money off the table. there's going to be turbulence, volatility. i'm going to lock in my gains. we just don't need it. >> the taper is going to have to address the question of position squaring. i think the market, the participants are way overweight fixed income. if they think interest rates are going up, i think that money comes out and hopefully goes into equities. you've got a case that the e could upset volatility in the pe. >> let's talk about that. earnings this quarter, we can make a case of sort of a hodge-podge. i don't think it was particularly great or particularly poor. so if you wake up tomorrow and you buy the market here, are you betting on basically multiple expansion in the s&p 500
i think the data is showing europe is improving. you got a case for higher earnings and if people feel like earnings can go up they can raise the multiples. >> what about the issue of the taper in this regard, that when people know that it's coming, if the impact has done so well this year, investors have had great returns they make some money off the table. there's going to be turbulence, volatility. i'm going to lock in my gains. we just don't need it. >> the taper is going to...
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Aug 19, 2013
08/13
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needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps up this edition of "european journal." do join us again at the same time next week, if you can. we'd be delighted to have you with us. until then from all of us here in brussels, thanks for watching. bye for now. captioned by the national captioning institute --www.ncicap.org-- >>> hello and welcome to nhk "newsline." i'm ross mihara in tokyo. >>> day after day, egyptians are seeing the very real consequences of the political turmoil that's left their country in crisis, clashes between supporters of ousted president mohamed morsi and security forces have killed more than 850 people in six days. some of the latest deaths are only deepening
needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps up this edition of "european journal." do join us again at the same time next week, if you can. we'd be...
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Aug 20, 2013
08/13
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KCSM
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needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps editio journal." do join us again at the same time next week, if you can. we'd be delighted to have you with us. until then from all of us here in brussels, thanks for watching. bye for now. captioned by the national captioning institute --www.ncicap.org--
needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps editio journal." do join us again at the same time next week, if you can. we'd be delighted to have you with us....
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Aug 6, 2013
08/13
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CNBC
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and northern europe too. what we're expecting them to confirm, the positive trends we have seen for the last couple of quarters, starting to see benefits feeding through, streamlined stock, while investors really focusing on is asset quality what is going on with the rising npls as far as italy is concerned in particular and provisions. we expect to see a quarter on quarter rise in provisions, of course, since seasonality and impact there and cross management for all of these banks feeding through, particularly given the head winds we have seen in europe. if we look at sanpaolo last week, they highlighted hungary and ukraine in particular as being particularly weak. keeping an eye on that in particular. in terms of the facts and figures, though, net is just income expects to come in around 3.4 billion euros. expecting to see a funding cost improvement there. deutsche bank saying a 1% quarter on quarter improvement and contrast with intesa that saw a decline there. keeping a focus on that. revenues of 5.9 bill
and northern europe too. what we're expecting them to confirm, the positive trends we have seen for the last couple of quarters, starting to see benefits feeding through, streamlined stock, while investors really focusing on is asset quality what is going on with the rising npls as far as italy is concerned in particular and provisions. we expect to see a quarter on quarter rise in provisions, of course, since seasonality and impact there and cross management for all of these banks feeding...
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Aug 4, 2013
08/13
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CSPAN2
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you think you can dig up some news in europe? i'll be happy to try, sir. later there are us is sensible encounter with nazis in dutch windmills, and amazing scene of an assassination that takes place in a heavy reign on the steps of the peace palace in amsterdam. and finally, joel mccia winds in dlon when german bombers are wreaking havoc on the city. in the last scene of the movie, johnny jones is no longer that detached reporter. instead, in the style of radio he speaks seriously to americans from a radio hookup on london. hello, america, he says to the radio audience back home. i've been watching a part of the world being blown to pieces. a part of the world as nice as vermont, ohio, virginia, and california and illinois. all of that noise you hear isn't static, it's death coming to london. you can hear the bombs falling on streets and the homes. this is a big story. you're part of it. it's too late to do anything here except stand in the dark and let them come. it's as if the light were out everywhere except in america. keep those lights burning. cover
you think you can dig up some news in europe? i'll be happy to try, sir. later there are us is sensible encounter with nazis in dutch windmills, and amazing scene of an assassination that takes place in a heavy reign on the steps of the peace palace in amsterdam. and finally, joel mccia winds in dlon when german bombers are wreaking havoc on the city. in the last scene of the movie, johnny jones is no longer that detached reporter. instead, in the style of radio he speaks seriously to americans...
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when we joined it looked as though western europe was but that's exactly my point is this is it really seems that this is exactly the point that the many of your critics make that. britain was in a very comfortable way in this union as long as things were going great now that the things have turned sour the. you suddenly want to find your way out but this is not really fair you into contractual obligations with the european union so you know if you were in a place of norway for example which from the very beginning didn't want to answer into that area that would be fine but you've already been there for quite some time you've been of. a referendum on whether to join in one nine hundred seventy to have the united kingdom had a referendum on whether to join it would almost certainly have gone the same way as norway but the british are very pleased to see it may have been a version. of the british parliamentarians well i don't accept that decisions made by a remote unaccountable government in defiance of popular opinion is binding in perpetuity you know the basis of democracy is giving fo
when we joined it looked as though western europe was but that's exactly my point is this is it really seems that this is exactly the point that the many of your critics make that. britain was in a very comfortable way in this union as long as things were going great now that the things have turned sour the. you suddenly want to find your way out but this is not really fair you into contractual obligations with the european union so you know if you were in a place of norway for example which...
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Aug 14, 2013
08/13
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CNBC
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you want to buy europe here or no? >> i'll jump in -- >> no, i don't want to buy europe. europe has a lot of problems. the contraction may be behind us. but growth is a different story. getting back to the flatline is one thing. trying to put some growth in place, southern europe remains in recession. you've still got a banking system over there that's not creating credit. banks are tightening lending standards in europe. we just heard about that a couple of weeks ago. here, u.s. banks are lowering lending standards. the opposite is true in europe. so the consumer spending bounce you saw contribute to positive gdp growth in q2, don't expect it to last. the credit isn't there. exports will suffer here, now that the euro has lifted. that will be a drag on growth, as well. keep the money close to home. buy the companies doing the share buybacks here in the u.s. that's where you want to put your money. >> okay. so you don't buy the european bounce. adam, what about you? >> we're big fans of the u.s. market, specifically, because we have a strong dollar view. and we really lik
you want to buy europe here or no? >> i'll jump in -- >> no, i don't want to buy europe. europe has a lot of problems. the contraction may be behind us. but growth is a different story. getting back to the flatline is one thing. trying to put some growth in place, southern europe remains in recession. you've still got a banking system over there that's not creating credit. banks are tightening lending standards in europe. we just heard about that a couple of weeks ago. here, u.s....
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Aug 25, 2013
08/13
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needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps up this edition of "european journal." do join us again at the same time next week, if you can. we'd be delighted to have you with us. until then from all of us here in brussels, thanks for watching. bye for now. captioned by the national captioning institute --www.ncicap.org-- >> funding for this program is provided by subaru. >> at subaru, we build vehicles like the rugged outback, with symmetrical all-wheel drive standard and plenty of cargo space, for those who pack even more adventure into life. subaru, a proud sponsor of globe trekker. [captioning made possible by friends of nci] >> previously on globe trekker around the world, justine shapiro tra
needs to be europe somehow. it is europe. so the question of this formality is left to the politicians. i don't know. >> he says he sees himself as an artist providing music and films to a grateful audience, along with entire towns and cultures, he is trying to create his vision of the world, in doing so, he, too, is playing politics. ♪ >> and that report wraps up this edition of "european journal." do join us again at the same time next week, if you can. we'd be...
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cerned about what is going to happen in those countries in the long run in the europe to be seen the rise of protest movement in this country a russian citizen faction of its labor conditions. very drastic social and political change about. a century ago so as a had of the international labor organisation do you think world leaders actually understand that labor and indeed may be a ticking time bomb as you just said i think political leaders understand very very well that mass youth unemployment is a major political problem and i'm asked perhaps a question that people like you asked me most frequently is when does youth unemployment become a source of political instability when is it going to actually lead to change in our society and there is no numerical terms you know if you'd asked me that question three years ago i would never have imagined that youth unemployment in greece could be approaching sixty percent without a societal breakdown now the situation in greece is desperate speed very clear but there hasn't been a revolution there hasn't been a political breakdown there's sti
cerned about what is going to happen in those countries in the long run in the europe to be seen the rise of protest movement in this country a russian citizen faction of its labor conditions. very drastic social and political change about. a century ago so as a had of the international labor organisation do you think world leaders actually understand that labor and indeed may be a ticking time bomb as you just said i think political leaders understand very very well that mass youth...
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Aug 26, 2013
08/13
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that was true throughout europe. the gdp growth numbers were good, but they were particularly good in portugal. so not enough to be really reassured for the rest of the year or next year. nevertheless, some of the efforts that have been undertaken bear fruit. of course, the question remains whether portugal can really exit the program it's been under with europe next year and resume full access market. that's one of the questions that is still pending, obviously. >> how much do you think that a potential third greek bailout could threaten portugal's ability to return to the markets? >> i don't think these two issues are really linked. i mean, we've seen a lot has happened since the greek crisis. the question of contagious effect throughout the periphery i think to some extent is pretty much behind us, and i'm not sure one would entail the other. coming back to greece, the question is whether they would get a bailout and what kind of a bailout is also out, and we don't know exactly what is going to happen. what is cle
that was true throughout europe. the gdp growth numbers were good, but they were particularly good in portugal. so not enough to be really reassured for the rest of the year or next year. nevertheless, some of the efforts that have been undertaken bear fruit. of course, the question remains whether portugal can really exit the program it's been under with europe next year and resume full access market. that's one of the questions that is still pending, obviously. >> how much do you think...
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Aug 21, 2013
08/13
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ALJAZAM
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but europe, what leverage does it have? >> as i said i don't think this is a case of can europe change everything? but i think there are egyptians who are aware that europe is egypt's largest export market. the free trade agreement is not going to be on the table today. but if this crackdown continues i think you will have voices from within europe saying we have to question the entirety of the relationship with egypt. the tourism is so important to egypt, and no one is going to come under these circumstances. i think what you will see today, and what is important about today's statement when it comes will be will the europeans -- not saying all sides, but will they stick to potion of apportioning blame, and will europe at least do something actionable like suspending arms exports? like suspending security cooperation. like suspending some of the programs that are linked to advancing democracy. that's not going to change everything in egypt, but it will make some people a little less comfortable, and let's be clear, the ass
but europe, what leverage does it have? >> as i said i don't think this is a case of can europe change everything? but i think there are egyptians who are aware that europe is egypt's largest export market. the free trade agreement is not going to be on the table today. but if this crackdown continues i think you will have voices from within europe saying we have to question the entirety of the relationship with egypt. the tourism is so important to egypt, and no one is going to come...
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as freedom is a very very high value across europe and we apply the same standards to all our member states that you recall the many have been in the spotlight regarding press freedom especially in eastern europe europe has been commenting the situation and i'm very recently but also in turkey and in other states but i think we have to apply the same standards to all our members and these two actions do pose certain questions we're asking some background information from the u.k. government and i'm pretty sure we will receive a response. minister from the council of europe there referring to questions there already have questions in this case and hopefully in an effort to plug some of those holes i'm talking today a chakravarti from the freedom association to thank for being here now we've been talking about the destruction of the information at the guardian newspaper the smashing of hard drives and disks in the basement of the newspaper in the light of the fact that all the copies of this information clearly existed in the editor of the guardian told the authorities that they did it
as freedom is a very very high value across europe and we apply the same standards to all our member states that you recall the many have been in the spotlight regarding press freedom especially in eastern europe europe has been commenting the situation and i'm very recently but also in turkey and in other states but i think we have to apply the same standards to all our members and these two actions do pose certain questions we're asking some background information from the u.k. government and...
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to the financial institutions and europe and other countries which ones. i don't know. half a trillion dollars and you don't know who got the money the loan went to the loans go to the central banks and they then put them out there so their institutions to try to bring down short term interest rates and other markets around the world well let's start with which central banks got the money there fourteen of them which are listed in our i'm sure they're listed in here somewhere yes i'm sure someone somewhere knows something about where that money where they disappeared to so are you really better off with too big to fail banks being even bigger now and i think we all know the answer is no it's clear that this government is more concerned with maintaining a well oiled corporatocracy than it is with the financial well being of its citizenry but it's not just the corporate sponsors of the government favors over its people it's form.
to the financial institutions and europe and other countries which ones. i don't know. half a trillion dollars and you don't know who got the money the loan went to the loans go to the central banks and they then put them out there so their institutions to try to bring down short term interest rates and other markets around the world well let's start with which central banks got the money there fourteen of them which are listed in our i'm sure they're listed in here somewhere yes i'm sure...
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Aug 17, 2013
08/13
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CSPAN2
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in europe. and colonial education was dominated by the same elite, and they wanted their sons -- it was only sons at the time who received higher education -- to have the mark of a real gentleman which meant latin and greek learning. franklin and his circle started to see things quite differently, and at one point he writes a letter to a young woman whom he's tutoring in natural philosophy or science, and he says what signifies philosophy that does not alie to some use? apply to some use? this is very much franklin's mantra and became kind of the slogan of the movement for useful knowledge. another aspect that's worth highlighting is that anyone could contribute. now, these ideas came out of england. francis bacon, john locke, david hume, among others, had proposed a new way of doing science, one that allowed for not just the elites, but the petty merchant, the craftsman, even the unskilled or untrained laborer to contribute something meaningful to science. but it really was american conditions
in europe. and colonial education was dominated by the same elite, and they wanted their sons -- it was only sons at the time who received higher education -- to have the mark of a real gentleman which meant latin and greek learning. franklin and his circle started to see things quite differently, and at one point he writes a letter to a young woman whom he's tutoring in natural philosophy or science, and he says what signifies philosophy that does not alie to some use? apply to some use? this...
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Aug 5, 2013
08/13
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CNBC
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europe is 36% lower. we think there is a lot of opportunity to buy cheap names in europe. >> the numbers that have been coming out today, the u.k. pmis, the best in however many years and so the data does seem to be supporting the view that now is not a bad time to take a shot. >> if we have a look, the manufacturing pmis in the core and the periphery are both above 50, and that's expansion territory and haven't been there for more than two years. if we have a look at unemployment, it is not as though there is an unemployment number reported for the entire region, but if you look at germany and lower since it has been in the history and we look at spain, their unemployment rate has started to decline which is positive. >> you talk about germany. is that exactly where you want to focus and i am not saying buy the index and look at bmws and the german equity that is should out perform the rest of europe. >> we're seeing aloft opportunities in what we call domestically oriented franchises. a bmw, for example
europe is 36% lower. we think there is a lot of opportunity to buy cheap names in europe. >> the numbers that have been coming out today, the u.k. pmis, the best in however many years and so the data does seem to be supporting the view that now is not a bad time to take a shot. >> if we have a look, the manufacturing pmis in the core and the periphery are both above 50, and that's expansion territory and haven't been there for more than two years. if we have a look at unemployment,...
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Aug 13, 2013
08/13
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a special series of europe on the edge. this week we are on the border between georgia and turkey. the seaside resort is booming. it is a bit like a mini las vegas on the black sea. since the border to turkey was opened, increasing numbers of tourists arriving, most of them male, coming to experience what is forbidden to them at home. they found each other one early morning under a sky by the caucasus mountains. -- ringed by the caucasus mountains. starcrossed lovers, like romeo and juliet. the city put up a moving sculpture to them. we meet him on the piazza.a place for buskers, pedestrians, and tourists. the buildings are a colorful mix of architectural styles. >> there is no precedent for this architecture anywhere in georgia. >> in these present construction booms started with this high rise. now a casino open seven days a week. gamblers come here from far and wide, most of them from turkey. he comes here every weekend. >> i always pay by credit card and pick up cash at the atm machine. >> every month, turkish men who come here for the night life bring 100 million euros in acco
a special series of europe on the edge. this week we are on the border between georgia and turkey. the seaside resort is booming. it is a bit like a mini las vegas on the black sea. since the border to turkey was opened, increasing numbers of tourists arriving, most of them male, coming to experience what is forbidden to them at home. they found each other one early morning under a sky by the caucasus mountains. -- ringed by the caucasus mountains. starcrossed lovers, like romeo and juliet. the...
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Aug 26, 2013
08/13
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he's got demand for 10,000 cars in europe. 5,000 cars in asia. but, and i quote, this could be so much bigger number. because china is a wild card. given the price of gasoline in europe is almost double ours and the pollution in china is a national disgrace it makes sense tesla will be able to rack up pretty hefty overseas sales. right? sk made it clear because the international markets there will be a, quote, fairly significant increase in volumes next year. ninth, musk said tesla would spend another $200 million with the company's cash on hand. then the build out would be done. no more need to spend. no more need to raise. which brings us to number ten. number ten. the most important part of the call. the phrase that shook the world was, quote, we don't have any plans right now to raise funding. huh? i mean, the bears were like, what? no stock offering? huh? nothing that will allow us to cover our shorts? how can they do that? don't they know without a stock offering the shorts will be crushed? as if musk was somehow running the place to please
he's got demand for 10,000 cars in europe. 5,000 cars in asia. but, and i quote, this could be so much bigger number. because china is a wild card. given the price of gasoline in europe is almost double ours and the pollution in china is a national disgrace it makes sense tesla will be able to rack up pretty hefty overseas sales. right? sk made it clear because the international markets there will be a, quote, fairly significant increase in volumes next year. ninth, musk said tesla would spend...
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a political right now still ahead for you this hour here on r.t. a syrian war affecting families in europe but the number of young men leaving the e.u. to five alongside the syrian rebels. told a belgian man whose son joined the jihadists about just exactly how we ended up in the war torn country. and while politicians in paris are trying to paint a picture of national unity social and even racial divisions in france are only gaining steam and we report on more offer a very short break. but the best for the world the week show strong. for sure but we just showed we. still believe that rick about his birth as it was a stroke about. speak your language. programs and documentaries in spanish what matters to you. but a little too much of angle is story. here. the spanish. visit. the. economic down in the final. days. and the rest. a little bit every week. from moscow it's auto. the last british resident of the guantanamo bay detention camp now claiming that god's sexually assault him during prisons is all this coming out and president obama's new push to shut down the camp over the white house
a political right now still ahead for you this hour here on r.t. a syrian war affecting families in europe but the number of young men leaving the e.u. to five alongside the syrian rebels. told a belgian man whose son joined the jihadists about just exactly how we ended up in the war torn country. and while politicians in paris are trying to paint a picture of national unity social and even racial divisions in france are only gaining steam and we report on more offer a very short break. but the...
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i mean toxic assets and all of that i mean finally they found their way in every single economy in europe yet though there's no question i mean all of this deregulation credit is a movement that started in the united states in the late one nine hundred seventy s. and then it accelerated under reagan you know and then you know where dramatically also still later on the clinton and then under bush so yes that was that originate that ignited slate's and the europeans bought into that i mean the europeans bought into the propaganda that was emanating from washington that somehow they were running these sclerotic backward economies and that they needed jobs mobility that they needed capital needed you know to be free of all the restrictions of from labor you know you and you know you needed to have somehow to compete in the world you had to emulate the americans well i think this is you know shown that this was a really disastrous road down which are europeans of gone that that they said of course the europeans are going to do have to share the blame for what has happened but again it does sho
i mean toxic assets and all of that i mean finally they found their way in every single economy in europe yet though there's no question i mean all of this deregulation credit is a movement that started in the united states in the late one nine hundred seventy s. and then it accelerated under reagan you know and then you know where dramatically also still later on the clinton and then under bush so yes that was that originate that ignited slate's and the europeans bought into that i mean the...
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Aug 11, 2013
08/13
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KCSM
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and europe. spanish and french police have been working hand in hand during this two-year investigation as we have this report. >> it has taken two years to track them down but these are four of the 75 suspects arrested. 51 were detained in spain including the two alleged operatives of the elaborate chinese trafficking ring. this shows the materials used to forge travel documents to bring migrants in europe. authorities seized 81 fake passports. they describe it as complex with the kingpin based in china and individual cells operating independently of each other across europe. the traffickers accompanied their clients all the way from china to spain which was the final launch pad into the u.s. or the u.k. the routes changed constantly to prevent their discovery. >> operations by this organization revolved around human trafficking of people from chi china. there were some instances where it led to people being trafficked for sexual purposes. >> migrants were expected to pay up to 50,000 euros to g
and europe. spanish and french police have been working hand in hand during this two-year investigation as we have this report. >> it has taken two years to track them down but these are four of the 75 suspects arrested. 51 were detained in spain including the two alleged operatives of the elaborate chinese trafficking ring. this shows the materials used to forge travel documents to bring migrants in europe. authorities seized 81 fake passports. they describe it as complex with the...