tv [untitled] October 4, 2011 5:01am-5:31am EDT
watching r.t. going to live from moscow marina josh welcome to the program from new york to boston los angeles chicago and beyond the occupy wall street protest movement spreads rapidly across the united states thousands have flooded into the streets angry over the influence of big business on government demonstrators say that's what caused the economic downturn hundreds have been arrested in the big apple where the movement began more rallies are still planned and their support of bach nationwide workers' unions but is r.t. as an associate you're going to found out any or the protests or say they're being sidelined by a mainstream media. taking the big apple by storm. getting arrested by the hundreds of getting netted and pepper sprayed in the face. spending night and day on the far from welcoming streets of the financial district . that's the price these demonstrators are paying to get their outrage across to
those holding rings of financial and political power common americans who make up most of this country who don't have access to corporate power and the media don't have many options to get their voices heard those who take specific steps to fight for change in the u.s. are largely getting annoyed and marginalized this artist an activist has been arrested twice i didn't expect to be arrested i didn't expect to get beat by the police. incarcerated for always and always knows. good cause and for this movement. ignored for the first two weeks of occupying wall street the peaceful movement started taking tougher measures by getting bigger and louder the only way to get the media to notice is to be disobedient you have to stir it up to the people who noticed. the mass arrests have built up popular support for the movement. you know. for putting us through some type of abuse
because it's hope with all you know it's bringing more and more people out here some have sacrificed more than ours in jail to fight against wall street many people have quit their jobs that have come here that's already happened the corporate media week three into the campout cy there does not pay much attention here the sunday front pages of some of america's most read newspapers or ridicules both the form and the substance of the gathering it is equal parts but surely body odor and you're and they're more concerned with. brainwashing people american idol and sports drama and pretty much anything to serve as attraction other than the important issue right now this is a biggie for a noticed by the corporate and political elite it's tougher than ever for those against the system to get attention with even some police officers ready to admit this protest is the way you know that. they only have billable of a way to do what i said i did the occupy wall street movement promises to grow in
the months to come and history shows that the voice of the people can't be neglected forever is that r.t.e. new york. all the latest and most gripping videos of the protests a right to new york are available for you twenty four seven an hour you tube channel. four news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. giant corporations rule the day. professor alex vitality who took part in the new york protests claims they were met with extreme police violence he says the demonstrators ultimate aim is to achieve change in the political landscape of america. mystery about what's going on down
there there's a clear sense the united states the power of wall street is completely out of control and that they are responsible for a commune merican economy and i think young people in particular feel that their futures of the mortgage to pay for the are really just salaries and bonuses by these wall street executives you're looking for long term solutions i don't think they were term measures that they were peeling for government to address them or for what they're trying to do is to create a political climate where a number of political actors can start to talk seriously about six million reforms that hopefully can break this kind of marriage between economic and political elites in the united states still have a sour here in our teeth and in the line of fire that forces loyal to the new world continue their fight for control of the country it's a billions of bear the brunt player eyewitnesses tell or t.-y.
they live in fear for their lives. eurozone finance chiefs have again pushed back the final decision over the release of further bailout funds for cash strapped greece this time until november that was after athens announced it would be unable to meet its death containment targets greece desperately needs the next tranche of eight billion euros to pay its everyday bills if the money doesn't arrive by minute told we're the country will not be able to pay the debts and may have to declare bankruptcy that's in spite of government efforts to adhere to tough and i'm after man's by bringing in highly unpopular staring measures for weeks the country has been hit by angry public protests and strikes our correspondent sara firth has more details from athens. here. excited that the economic quite distinctly played out it's time and again we've seen people turning out. of the building the place to get their stacks of basics
they say. just to be untenable we find ourselves back in a position where people now really are just old has been achieved by implementing these astaire's the measures the police government has just admitted that it wants to be able to tell me it's tough deficit reduction target. the whole usa really about what the implications of that will be the greek government have also brings in measures but thirty thousand civil servants armed with a little need of a dungeon in the salary for a year. at the end of the year the possibility of dismissal there are great the boys won't even get back next. year i'm needed if the country were to stay up late to treat quoted to care in the cockpit that may be trying to hammer out the details of that now it has to be such that this stage it will be only should you get that money because that. would be felt. they would but the police at this point
is also about the rest of us a country and indeed the global economy that is that this is not a number one the fact that people only know what is it going to be able to come up with realistic solutions to get the country out of the situation that has been criticism from some of the analysts we spoke to see here and i think they said that we've seen job losses we've seen the cut wages and pensions these are people who no longer be able to pay cut to people who are struggling to pay the taxes and yet the government still seem to be suddenly cut a solution to plug up the deficit in the budget so there are concerns really about the practicalities of any of these measures having any effect we'll also talk about the possibility of quick default and as we said still a lot of public anger at the people bill that the laws are being put in a situation that is simply untenable that they can't live with the big concerns
really about why. i needed a going to be able to pull the country at this situation. tara furthur pour in there for more on greek debt crisis well now targeting investment advisor patrick young has i'm. missing out thanks for being here with us in the program first star well this isn't the first time the decision to release bailout money to greece has been postponed why is that. look the simple problem is that greece can't make their numbers and i think the tragedy of this situation is that the greeks have been so we. are they're not what actually is their budget for so many years i mean this is been going on for ten maybe twenty maybe thirty years but they simply cannot account for where their money is and ultimately the european union and the other lenders want to see the idea that greece is making considerable progress on balancing its budget and the tragedy is that it's probably just too little too late the e.u. has been slow and analyzing and are going on the situation the greeks were far too
late and admitting what they're crisis actually was and ultimately as we can see the people are suffering enough and in iran greece at the moment and that's a tragedy. well in that the lie that i mean what you read in the following situation. i mean greece has set of that it needs cash by mid october to pay a cell arrays and pensions but what we're hearing from luxembourg now is that there are funds to last until november. so what they're going does that mean that greece has lost its say over its own debt crisis look i think that there are two issues here essentially what is being fought at the moment is a battle for the sovereignty of greece i mean we've seen already other countries in the nation being de facto carved up by the european union and other brit parts in relation to costs of oil in places like out of serbia and what's happening here is essentially the european union are trying to tick fiscal control of greece because
they think that's the only way they can actually control the crisis and you know what they're probably right about probably is the only way to get the crisis under control if they're going to try and keep our funds and greece within the euro zone but the truth of the matter is that i don't believe that the greeks want to be taken over and ruined by some sort of come from northern europe with a ground busier being appointed from brussels and i certainly don't believe that the european union are going to be able to do anything to solve the fundamental problems of greece at this moment without actually indeed injuring the credit rating of germany and the solvent states of northern europe. well auditors are now in athens assessing progress where the stair any measure is but in your opinion how effective have those measures been. the measures it really depends on how you want to look at this are we looking at this is relation to pure numbers or are we looking at a relation the politics or economics or the people in political terms in within the
european union progress has definitely been made the problem is when you have a patient that's already suffering from essentially a terrible illness over seventy five percent of their body and you get that terrible illness to be only affecting seventy percent of their body well i'm not terribly optimistic that that patient is going to actually survive and that's exactly where we are today the european union is too slow in doing there's too little leadership and there is a pig headed intransigence particularly amongst the finance ministers but as specially amongst the leaders of the european union nations in terms of understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contagion that is going to kill the euro by the end of the year if we don't see positive and rapid action really
realistically about action means that greece needs to leave the euro because the problem is we cannot leave citizens of the european union to starve to death because it suits the troika of international lenders but this is a case of essential some form of field stared and we need a different kind of a we need to let the greeks go free before this whole thing ends up with actually frankly some form of revolution in greece and i suspect a return of something like the generals those are the sorts of appalling options that are not on the table jude to the intransigence and incompetence of the european union and are doing to help the situation earlier while greece is not the only country in the european union that are struggling or whether it's problems take for instance spain or italy and portugal so. i mean how likely is it that the situation actually spread to other countries and how the domino effect. well the
problem we have is that with the european union's lead governments being either in public denial as we've seen from mr younker the head of the euro zone ministers overnight denying that there's ever going to be a greek default but let's face it there is going to be a greek default there's no point in arguing to your greek bonds currently pay uprooting fifty percent interest the market realizes that the greek economy within the euro zone is affectively toast not how do we stop that contagion an excellent question what i see here is the fact that we need to see strong leadership we need to help the italians through a liquidity crisis because the italians have to issue a lot of debt in the course of the next three or four months but actually although they have a lot of borrowings in the longer term they essentially have quite a lot of good budgetary economics i mean their budget is actually not particularly barlu their economy is not really going somewhere in the in the case of spain the
worry there is essential in the property over and how quickly what i think will be a new government of the p.p. will manage to come in and affect the spanish finances because unemployment is killing the country and in that respect really the problem for the european union is they need to instill confidence they need to make sure that essentially the factors that affected greece are allowed to basically be dissipated or and therefore really they need to very very quickly act decisively get greece side of the euro and shore up the other countries to avoid conflicts but mr young as he said not much time left for agrees and we'll have to wrap this up now thank you very much indeed for your insight here patted down talking to us from poland. to other stories now levy is new rulers have named temporary cabinet ministers to govern the country until it is fully secured meanwhile their forces continue to lay
siege to the few remaining khadafi strongholds the national transitional council now controls most of the country but still faces fierce resistance and sarat funny will lead and pockets in the southern desert after a two day cease fire to allow residents to leave and the t.c. forces tampa further attacks on the colonel's hometown of sirte the red cross has warned of a humanitarian disaster as a town is running out of medical supplies food and water one eyewitness to the fighting tora t. that take it off the forces are attacking civilian homes as they push to take over the city at any cost. you can read. i know i'm going to work it would be acting out the two of you are you just because he would think it would have even if you won. and i think people who are on the run from me and you don't rag want to.
believe it. or. if it's true you know the accident it's going to be something you cannot. be convinced to believe in to build one activity that. you only. care about the two doing. author and journalist he says the only point of the libyan campaign is to divide the country's resources between nato allies. this is what nato are involved in an action which is obviously contrary to the u.n. resolution which is supposedly mandated to go in and overthrow the government of gadhafi we're getting reports of electric torture electric shock torture being used by these revolutionaries who exactly other people that are fighting nato because they may not like it effie they may not like the nato backed troops it's very interesting that the most advanced arsenal in the world of natures six months on
and they still haven't won the country this is all about the idea that these great powers as of old can divide up the resources and the future of the libyan people why they're quiet about it the media kind of got bored after the initial explosions and the so-called attack that they don't even reporting the bombing of hospitals in certain. and you can find all our news stories and much more on our website r t v dot com here's what's in line for you right now. the whole new russia's prime minister about the report that has published an article outlining a plan to build a eurasian union to become a single economic entity. former vice president dick cheney says he expects brock obama to explain himself and apologize to the bush administration over comments he made more than two years ago. and on this day the world and for the space age as a savagery on launched its first ever sport there. the
former soviet republic it was back to stone is known as one of the world's largest producers of cotton but while the industry earns the government f. fourteen it was back people remain stricken by poverty as are very poor it's human rights groups say the cotton industry thrives on illegal child labor such is the fear in the eyes of these children they were picking. up i thought if i got out. of it and i was then i do you know send us their absence.
meanwhile on the other side of the world the produce harvested with illegal child labor is enjoying the glare of flashing cameras will not occur the mother daughter of those bent president is presenting her new collection of forbes magazine pointers on how she's managed to be so commercially successful i graduated from harvard. so it's a very good score you know in terms of you know giving you good grades the tools of his back you stone our children as young as seven who work an average of seventy hours a week instead of going to school and then medications not the only thing they're missing out on with no heating proper bats were drinking water. to be mothers are powerless some of them stood up for their kids protection they were arrested taken to cotton fields they would be forced to work in the day and would be mass raped at night. would be helpful force child labor was biggest on produces
around one million tons of cotton enough to make one billion to shrink. the cortinas sold abroad except to the sixty plus retailers including levi and they have pledged not to buy those bit cotton because the harvest is so abusive this boycott sends a message to those government that is slaving children is not shake but good not a coyote mobile who is also is back it stands and best suited to the u.n. and the deputy foreign minister refutes the claims and she was also outraged when new york fashion week banned her collection from the catwalks two weeks ago but human rights groups pulled out it was a terrible message for the fashion industry to be sending that they would lend a high profile platform to the senior official of one of the world's most repressive governments the government about six. years ago engaged in the
disproportionate use of force against mostly peaceful protesters in the eastern city of andijon and did jan is the bloodiest chapter in president islam karimov still decades in office in two thousand five hundred forces opened fire on an anti-government demonstration killing five thousand people or other so-called dissidents jail sentences are common behind you spent three years in prison for speaking out after his prosperous business was taken over by the president's people because. he removes family as an organized criminal mob in all sectors of the economy profitable businesses are under his control if you go to wiki leaks you'll see that the u.s. ambassador calls karimov his daughter m f e a princess but all this will stay just words while the war continues in afghanistan gary moore is an important ally there and everyone will close our eyes to his crimes. but leaving egypt and tunisia where
once important allies to however the arab spring showed just how quickly things can change. in the church over are today. now let's take a look at some of the stories from around the world seventeen people were killed in separate gunfire and bomb attacks across iraq the deadliest was almost two hundred kilometers west of baghdad one gunmen stormed a local government compound and two fourteen hostages the town's mayor and the local police chief were among those captured violence has reportedly increased in iraq as officials in the country prepare to take over after the proposed departure of u.s. troops by the end of this year. over in afghanistan american soldiers will remain even after twenty fourteen that's according to the top u.s. commander in the country that was the deadline originally said by nato for the withdrawal of all foreign forces the white house have been had even promised that
all u.s. troops will be out by any cause there are some ninety thousand americans currently serving in afghanistan. the news came as afghan leader hamid karzai criticized pakistan for playing a double sided game in the fight against terrorism karzai is in india for key talks over strategic agreements on security and development aid his visit follows a series of high profile attacks across the country many of which are blamed on pakistani militants and you know officials have already pledged two billion dollars to afghanistan's needs. that brings us up to date here in r.t.m. and time now for the latest business update with korea. hello and welcome to our business update this all thanks for joining me economic uncertainty of investors staying away from risk. in russia it has people preparing for the worst russians are rushing to sell the ruble as it gets weaker but business
artie's marine corps sort of reports the situation is more a reflection of ill informed public of the current economic environment. sushi your savings from a national currency to a foreign one may seem like a sign of panic but that's not the case in russia since the ninety's when hyperinflation made it impossible to put prices in rubles many russians used u.s. dollars and euros instead most of russians still have their savings in foreign currencies partly because they don't trust the ruble stability and whenever there is any sign on quite natural turbulence people rush to convert and that is what's happening now but many analysts say that's only making the situation worse the ruble weakened against the dollar extending its worst quarterly depreciation in over two years it's lost fourteen percent in the past two months but it's still nowhere near the two thousand and nine financial crisis when the russian currency lost a third of its value last month transfers reached their highest level in two years
equal to four and a half a billion dollars they had over us essential banks says ruble has been in the gradual devaluation for about two months spots it bull bounce back soon all this suggests the problem is of russia's lack of net capital inflows and the only domestically funded banking sector analysts are now open the banks tight monetary policy will help prevent a for the decline and in fact the bank already put two billion dollars to defend the ruble and this prepared to go even further to stabilize of the currency and analysts we've spoken to say that if faced with a fresh recession in europe or in the united states russia will come out on small because it has learned from its past mistakes let's take a look at how the markets are doing all is losing ground up to dropping to the lowest in more than a year on monday concerns about global demand trumped beat reports on u.s. manufacturing and construction spending is trading at almost one hundred one
dollars a barrel this hour while we sit around seventy seven dollars a barrel. dogs today in europe are deep in the red pussies losing over two percent weight by heavy losses for the banking sector that's up to european authorities delayed a decision on providing more aid to greece world bank of scotland group the biggest dollar dropping seven point three percent and barclays give up six percent dexia leaves decliners would have fifty percent drop out to media reports that it will be split up by the end of two thousand and eleven knows take a look at russia where stocks fall for the third day on concern contagion from europe's debt crisis will hurt manufacturers here any road demand for commodities now let's take a look at some individual shambles on the minds of energy majors are trading in the negative territory with gross near down almost three percent this hour is among the main losers after posting weak results for the first half of the year it's losing
over four percent and the boss is performing slightly better than markets poland reports saying it's received a record number of orders for its lot granted model. that's what we have time for in this business report but i'll be back in forty five minutes with more. it was created to serve public interests to inform and to entertain.
these days there's nothing easier than opening a new media outlet but there is nothing harder than revoking its license in case of corruption. when just. san antonio ways can trouble. the problem. you can involve in a community where you have one large corporation controlling the daily newspaper radio stations television stations the cable outlet you told me that that sells what democracy's the public opinion versus f.c.c. broadcast blues on r.g.p. . it's.
back to watching r t and these are the top stories opera spreads across the united states as. thousands of angry americans demand the corporate lobbies held accountable for the economic downturn they claim the police are using strongly have a hand of tactics to break up the protests which are being sidelined by mainstream media. clouds of uncertainty hanging over greece as eurozone ministers delay the next release of bailout funds desperately needed to keep the country clear of bankruptcy comes after athens and now nhtsa would not be able to meet its debt reducing targets despite passing tell stary the measures. plus from the glitz and glamour of high fashion cow walks to abusive child labor human rights groups blow the whistle on his back a stance cotton industry which earns.