tv BBC World News PBS October 14, 2011 12:30am-1:00am PDT
>> welcome. i am here in london. here are the headlines. he is sentenced to 11 years in prison. for insider dealing. a new europe plan to shore up europe's banks. will it be enough? >> kidnapped at gunpoint. a year after their dramatic rescue, they give thanks for their survival. 11:00 a.m. here in singapore. around the world, this is news.
>> now fund manager has been sentenced to 11 years in prison for his role in one of the biggest insider trading cases in american history. prosecutors have pushed for 25 years. the judge issued a clear warning to anyone tempted to follow the same path. michele sent this report. >> i cannot believe this. this is before you became the post of -- poster boy. the drama played out and sign this manhattan courthouse. he waited to learn his fate. now he has only a few weeks
before he must report for prison on november 28. down the road on wall street they have been watching closely. he was accused of making more than $50 million on insider trading rings. he sold shares in 19 companies based on confidential information. it is a wake-up call for the financial industry. >> it sends a strong message that the government is watching. they are watching very closely. insider trading is breaking the rules. the government will be there looking for people who break the rules. they will punish them for it. >> he never took the stand. his voice was heard in court. prosecutors used secretly recorded conversations with him and his associates to get a conviction. >> this was an unprecedented
case for using an acquired -- unwired taps. the government stretched the enveloping in this case. the defense will appeal whether that was permissible. >> district judge denied a request that he stay free pending his appeal. the judge showed lead in sea to not hand out a longer sentence. from a life of privilege to present, he is now paying the price. the judge hopes it will deter others from following in his footsteps. reporting live, bbc news new york. >> standard and poor is reporting higher levels of
unemployment. bbc has obtained exclusive details about a new plan to rescue the euro zone week -- weak banks. >> even in paris, a big investors have become nervous. the fear is that many of europe's biggest banks did not have the reserve or capital to absorb losses if countries like greece did not keep up payments. >> they have a tougher way for measuring capital. especially for greece, ireland, portugal. that should give banks a enough capital to absorb possible
losses in the event that they cannot pay back what they owe. that means banks would have to raise 200 million in arose from investors and tax appears. about time too. >> exactly three years ago today, recapitalized them. they are in a much stronger position than some of their counterparts. we did what was necessary. that is what europe should have done long before now. >> across europe, especially in europe, things are resisting the plan to build the reserves. they may hit the new capital by lending less. it may send the weak economy into a recession.
>> raising capital now is very expensive. they may just the leverage for their. >> slovakia became the last country to approve a bailout fund. it will be nerve wracking. even in britain, our economy will find it hard to recover. the arizona is in turmoil. -- the euro zone is in turmoil. >> of the agency put 12 other major banks on a negative ratings watch.
how much government can do to support them. there has been another violent kidnapping in kenya. >> that is right. two spanish doctors were abducted near the kenya border. the driver were shot and wounded. it is the third kidnapping in just over a month. >> the vulnerability of age to workers and the world's most challenging and humanitarian emergencies. they are fascinating -- vacinnating children. the kenyan driver was shot and was sent to the hospital.
refugees began fleeing. they are continuing to fight. despite security measures protect operations, it will be impossible to prevent penetration by militants. security has been deteriorating recently. this is a critical time and efforts to contain the famine across the border. there is local speculation that the abduction was done on purpose. if that turns out to be correct, it will be deeply worrying. the human need remains immense. bbc world news.
>> the environmental group, greenpeace has not been allowed to enter indonesia despite having a business trip. they were denied entry into indonesia. they told bbc his visa was revoked. he was deported. he painted the country in an unbearable light. -- unfavorable light. does the background of this. what has happened? >> bewildering case. there are two sites. let's start with greenpeace.
in an in a statement, they said the executive director of the u.k. operations arrived on thursday at 4:00 local time. he is then met with immigration officials. >> by immigration officials. >> he was told he could not enter indonesia despite having proper documentation. he had a business visa from the united kingdom. he is told he had to head it was extremely bewildered by this turn of events. he was meant to meet with a number of low-profile people from the environment. indonesia is one of the largest -- the president has been climate change a top priority. greenpeace also said in that statement that in the last few
years it has stepped up its activities. i spoke with them and they have denied that they had anything to do with his deportation. china's laces -- china's latest inflation digger has been released. it slowed to 6.1%. the increase compares to 6.2% in the previous month. india releases its inflation figures later today. those countries are contemplating tighter financial controls. across asia, the imf has already noted that core inflation has increased and korea, malaysia, thailand. our correspondents have been
getting a feel for how food prices are affecting ordinary people. we will hear from our first correspondent in china. >> supermarket on the outskirts of beijing. inflation in china has been more than 6%. it is here in the aisles of supermarkets across the country that people are really feeling the pinch. africa's food pricing in the last year has been cut by almost &. if there is one item that is responsible for inflation here, it is pork. china consumes more than half the world pork. it is a staple meet here. and the last 12 months, it is gone up by more than half. >> prices for things like rice and oil have all gone up. what are you going to do? i do not think the price hikes will change what i buy. i will decide to make more money.
-- i will just have to make more money. >> vegetables should be cheaper, but they are more expensive. it is ridiculous. >> authorities are saying inflation is one of their top priorities. more than half of their income on food, inflation is becoming a threat. >> the cost of food has been a big concern right across india for a year and a half. it is affecting millions of indians. basic items, and fruits and vegetables, have all gone up substantially in price. she has been shopping at this market for some time. tommy, how was your experience changed? >> -- tell me, how has your experience change? >> it has changed quite a bit. this year, it has just shot up.
that is quite a bit for us. >> to help people, the reserve bank of india has been lifting interest rates in an attempt to bring down these prices. it seems there may be still some time before people who are coming to the market and those looking to have a meal can once again enjoy the experience. >> you are watching the news day. we are live from singapore and london. the fight to save new zealand the beaches and wildlife following the oil spill. >> why hillary -- like hilary swank has apologized for spending birthday celebrations for chechnya's president. prosecutors in france have dropped their investigation into allegations of attempted rape by dominique strauss-kahn. a french writer had accused him
of trying to rape her a years ago. the accusations emerged when dominique strauss-kahn was accused of rape in new york. >> she told a disturbing story about how she it arranged an interview with dominique strauss-kahn and then she said had to fight off an attempt to rape her. she filed a police complaint in july, not long after his arrest in new york. an event that given her the confidence to go public. french prosecutors have decided to drop the case. the charge of sexual assault has a three-year statute of limitations. her lawyer says the decision was not entirely disappointing. >> this decision is satisfactory. in this case, you will remember it quite well. the prosecution admits that he
is a sexual predator. >> reaction on the street suggest that many people side with the journalists against their former presidential hopeful. >> i think it is very scandalous because the case should have gone further. dominique strauss-kahn is somebody that is very protected. >> i guess it is because of the results of the face-to-face meeting and because of the evidence that was submitted to the investigators. she still has the possibility of launching a civil action to keeper complaint going. >> dominique strauss-kahn, the news will come as a relief. his image has been damaged by the events of the last month. he is keeping a very low profile. >> this is newsday.
>> the new york based raj rajaratnam has been sentenced to 11 years in prison for insider trading. >> we have details of the new plan designed to shore up the weakest banks in europe. salvage experts are trying to establish and they can move the remaining oil on board a cargo ship after striking a leak off the coast of new zealand bird video shows a large crack where the oral is leaking. -- where the oil is leaking. >> i am about 25 kilometers south east of -- i am not the mouth of the river. it is one of the most sensitive parts of this coast. i am sorry to say that there is oil.
we have a beach cleanup crew. >> your are part of a national recovery. this is a huge tragedy for wildlife. how bad is this for wildlife as well as the environment? >> we have already recovered 500 dead birds and 500 live births. -- birds. there are thousands of birds along the coast. it is an absolute paradise out to. the biggest risk lies with the birds where i am. there are only about -- the risk if we will lose these colonies is very significant. the department of conservation yesterday preemptively captured a dozen of these. >> many are criticizing the
government for perhaps not acting quite quickly enough when this happened. is this warranted? >> i of not been involved with the salvage operation so i cannot comment on that. i have been closely involved with the wildlife recovery. this is a very effective machine. yesterday, i was part of a small team that collected penguins. >> it seems like the arab spring has come with a pricetag. >> the economic cost of the turmoil at more than $50 billion. libya, syria, egypt will pay the highest price. our world affairs correspondent has more. >> there are both winners and
losers from the arab spring. after months of conflict, libya is one country that is suffering the most in the short term. more than 700,000 people have fled libya since february. the disruption to the oil and gas sector has devastated the economy. colonel gaddafi is still at large and the country is faced -- the country's fate is hanging in the balance. accurate costing is impossible. from the data available, the estimated cost of the uprising in libya is reckoned to be more than $14 billion. the figure for syria is even higher, in excess of $27 billion. the cost to public finance in egypt totaled nearly $10 billion. the region as a whole is benefiting economically from the arab spring. saudi arabia and some gulf states have seen significant increases and public revenues. oil-rich countries that have suppressed or avoided uprisings
are set to gain the most. nonetheless, the support says the arab world has been thrown into the greatest turbulence since the 1950's. international assistance has fallen well short of expectations. warning that without a regional support program led by arab states, the outcome of the uprisings could be regretted. >> chile is marking the first anniversary of the rescue of 33 miners were freed after being trapped below ground for 69 days. around a billion people around the world watched pictures of the 22-hour operation. many are still suffering from trauma. half are unemployed. we have this report. >> a chance to reflect on their
extraordinary escape from death. the mood here was the laboratory -- celebratory. of all be the foundations giant monument. a lasting tribute in the wilderness. camp hope, but it was said that relatives spent more than two months waiting for the men to be rescued. for the first 17 days, they were not even sure if the miners had survived. and then this extraordinary moment. a message confirming all 33 were alive. a camera was dropped down to them. this was the first image it captured. finally, the rest debate itself. now iconic image is that controlled the world. -- enthralled the world. he had a wife and girlfriend waiting for him.
he celebrated the anniversary with his family. as for many of the miners, last year marked a new beginning. a second life. >> i had to have a lot of medical checkups. i suffered a lot of mood swings whenever i remember all the things that happened. it has been really difficult. >> they were greeted as heroes. many still suffer from trauma. iran taffrail unemployed. all 33 men -- about half are unemployed. >> the oscar-winning american actress and larry swank says she now deeply regrets attending a birthday card celebration for the chechnya leader. he had been accused of orchestrating torture and other human rights violations.
>> it was a glittering affair. these were the celebrations last week for -- they happen to coincide with the 35th birthday of this man. the politician who seems to love a party. the leader often accused of turning -- alongside a mons stage was a sprinkling of international stars, including hilary swank. >> this is my first time. i love to travel, i love to see the world. i love to see different cultures. this is a great honor to learn more about you and your country. >> he faces accusations of human rights abuses. he denies them. groups have criticized the celebrities who went to the party.
in a statement, she says, i deeply regret attending this event. he is a controversial figure. he is a former rebel turned russian ally. the government relies on him to keep control of chechnya. despite the makeover, questions remain about him. this is one indication that swank may be wishing that she had turned down. >> you have been watching newsday. >> a court in united states has sentenced raj rajaratnam 11 years in prison for insider- trading. raj rajaratnam made up to $75 million by trading on illegal tips supplied by well-positioned insiders.
byfunding was made possible the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. union bank. and shell. >> this is kim - about to feel one of his favorite sensations. at shell, we're developing more efficient fuels in countries like malaysia that can help us get the most from our energy resources. let's use energy more efficiently. let's go.