tv Headline News RT October 8, 2013 5:00am-5:30am EDT
president obama's absence becomes a highlight of a key summit of asia pacific economies in indonesia with the american government shutdown now threatening president focus on asia. never let a good crisis go to waste china turns to europe for investment opportunities snapping up companies all over of us charity hate kannan. and the swiss army simulates our war against a debt stricken french government that send troops to recover stolen gold. this is r.t. coming to you live from moscow with me marina joshing. a key and your comic summit
of asia pacific leaders now underway in bali has not been short on political overtones the absence of president obama due to the u.s. government shutdown was repeatedly noted as other countries to center stage add to form our reports from indonesia. well the twenty one nations that make up a package count for more than fifty percent of the world's g.d.p. on an annual basis so it's clear that what is agreed here is of huge significance especially when you consider the fragile nature of the global economic recovery and this region has a number of a merge and economies indonesia for example where we are right now is the fifteenth largest economy in the world so it's clear that there are plenty of good investment opportunities in the region so perhaps not surprising then the u.s. president barack obama is not here he's of course being forced to cancel his trip to asia to deal with the domestic problems the financial problems back in the united states and the continuing shutdown there and that decision to stay at home
is going to be frustrating for u.s. business leaders especially when you consider the united states well documented people to asia as it is proved a strategic move designed to include increase america's influence in the region our bombers decision to stay at home has been a hot topic of discussion over the last couple of days or so everyone's had their say russian president vladimir putin saying that obama's decision is totally justified and that putin himself would have done the same when you consider what is at stake i think the singapore prime minister spoke for many on sunday when he said that he would rather have a u.s. government that is functioning and working the one that is not a missing toy economic summit really has been played out to the backdrop of what. what is happening in the united states with the threat of a u.s.d. fulltiming over the global economy one of the business leaders said to me yesterday that the prospect about the fall is simply on for you people the consequence is a wrong thing to go so it's still not clear with uncertainty hanging over the states where the global economy is about to enter choppy waters or calm sea. while
one country that seems to be benefiting from president obama's absence from the summit is china if present the u.s. leader was expected to have pushed for a transpacific partnership a trade block that actually excludes beijing nial bowie md a malaysia based political commentator and columnist says china is losing no time in trying to blunt america's influence in asia. show you some boasted about this it all but she came to indonesia you came to malaysia around the time. that you come in and at the same time you start huge billion dollar deals with the government and you also announced a new strategic partnership leisure so i think countries like indonesia when should they have a great deal more incentive to cooperate with china to work with china because there are economists are very split based on foreign investment but it's chinese
third biggest investor in the region and there's a lot of want to get in my opinion from being locked down and all the financial analysts sovereignty and distributing the trains. and isn't just in asia where beijing is reaping the benefits chinese investment in europe has been growing steadily despite a financial storm that's been ravaging the eurozone but some take a look at some of the bigger deals here in two thousand and ten a chinese carmaker decided it was easier to take over its with its rival valvo than to compete then in january last year a german concrete palm maker the second largest firm in the field was sold to china that same month beijing acquired and a tie in yacht maker for ratty at a months later as a reminder of the chinese fondness for luxury goods the famous french fashion brand sonia rykiel was sold to a firm in hong kong china is also investing havel in the u.k. buying shares in london's heathrow airport and pumping billions of pounds in the
country's nuclear industry and especially boycott of reports chinese money is already changing the face of london. this time last year it looked like the iconic london cab would be consigned to the history books after it's made because the financially troubled london taxi company went into administration chinese manufacturer g.t. which already owns volvo has stepped in and bought the company for eleven million pounds the factory is now back in business this part of the assembly process is called the marriage of the carriage where the shape of the taxi. meets with the shafi of the taxi here but it's a marriage between the chinese manufacturer and g.e. on the london taxi company that managed to save a british icon from going out of production g.-d's pledged to invest a hundred and fifty million pounds into the coventry based business over the next five years promising to create jobs and develop new engines so the future really
previously when we were an independent company the financial resources to continue to develop the product as we would like to. finance is. to develop. a which we could have only dreamed of financial analysts have called it a win win situation the london cab comes back from the brink of extinction while a major chinese manufacturer gets to invest in an exciting new project but what does this say about the state of british industry business secretary vince cable called the chinese buyout a clear demonstration of the strength of the british car industry but the london cap is just the latest in a raft of u.k. businesses being sold off to foreign companies cadres chocolate is now american indian and the british airports authority spanish to some it represents a hollowing out of corporate britain and i'm happy that it's not going on that but
it shows government policy for a long time now as encourage foreign companies to take over our british companies and what that means is that our british companies are not competitive across the globe. so we're not putting in the right tax policies we're not dealing with regulation that hinders these companies welcome to have new investment it always is in the long term this takes away economic productivity from this country it means that staff and jobs are more liable to go because there's an allegiance between the companies that are owned by foreign entities and their country rather than britain pieces been a cabbie for over forty years in a scene the london taxi company go through several british bonus i hopped in for a ride and asked him how he feels about turning chinese this is a shame that it's not owned by a british company but. it's better than going to the wall a dynamic the companies that are still british they won't be faced with any. london. online we've got much more about china's expanding investment abroad
including a story about beijing buying getting lead in your inferences border region and even catching. well imagine a future scenario where are impoverished french troops stormed the swiss border in an attempt to bring back the gold they believe was stolen from them the defending forces fired off the invasion to keep their banks safe but all over has more on switzerland's latest war game. the idea of two western european nations going to war with each other may seem thinkable however exactly the contingency that the swiss military being preparing for and article in. newspaper it was revealed that the swiss armed forces had conducted war games and which they depicted an invasion by neighbors friends to find out a little bit more about this i'm joined by the author of that article. thanks very much for talking to me why did the swiss military think that this was necessary.
the history to this in two thousand and twelve the swiss army already held exercises on the premise that europe slides into economic chaos and many immigrants flock into the country all this time around they went even further and created another legend suggesting that a financially stricken france breaks apart into warring regions this is one of the new countries that will be called so ionia a small but very nationalistic state i own you know thirty percent unemployment is going to huge and it will blame switzerland for creating this so saionji preparing an attack on switzerland also retrieve the money it had allegedly supplies from france. so what's the reaction been in france to being portrayed as the invaders here. i don't french media made fun of this in march we received lots of corn calls from the french press that he didn't take it seriously but in switzerland people
are very serious about whatever the army does so public opinion is split some believe the story told for the drills was quite realistic and supports the idea of an exercise with this premise others think the swiss army put itself in a discrediting position of. thank you very much so swiss war games underlining real tensions between neighbors and western europe. well still had the afghan president blasts the twelve year along u.s. led occupation obvious country using washington of breaking the country's sovereignty and causing chaos while afghanistan falls into the hands of the taliban . and moscow's ready to sand the olympic torch for the winter games in sochi on its historic journey across russia those stories coming up for you here on our.
welcome back this is r.t. president of afghanistan has slammed the occupation by nato on its. sent a verse to react using allied troops of making the nation suffer and failing to uphold security the criticism comes at a crucial moment for the country seeking to hold its first democratic transition of power during next year's presidential election the taliban overthrown by the us led forces over a decade ago recently promised to disrupt the vote after nato pulls out all aspects of security will be in the hands of the afghan army meaning they would have to deal with high risk militant areas and that's now a nearly a half of the country with elections around the corner the rector of the world
can't wait anti-war group believes the chaos caused by the invasion comes in handy for the radicals this is an occupied country by the largest military in the world the biggest economy many billions of dollars up to a trillion dollars have been poured into afghanistan and the basic people are in worse shape than ever it's there's plenty of deadly violence going on now but the civilian death toll is actually been higher in twenty twelve than then any other year of the us occupation this is created justifiably a population which is very much against the occupation and in some senses has been one to support the taliban which many people never supported before this all started the us has said and supported the taliban by creating such disasters around
the country and now back to the apec summit where russia's president has addressed the media a crisis in syria being one of the main focal points while important hailed the progress on chemical weapons destruction and damascus cooperation one year should be enough to complete the task but he also touched upon the differences moscow and washington have on the syrian conflict and here's what he said. look i said. to syria we had a tactical disagreement but after all the us doesn't want to come to power does it we don't want that as well we have common goals for the stabilization and democratization of the situation we want to create conditions for the peaceful coexistence of people living in the region people of all faiths and ethnicities this is a complicated country there was a difference and it partly remains in the means of achieving those goals but you can see significant progress there. well in syria the process of destroying the
country stockpile of chemical weapons maybe making progress by there's still no solution in sight to another severe crisis the conflict has created that of refugees the u.n. estimates that four million more syrians will be forced out of their homes and more than eight million will be in need of aid next year president of the international committee of the red cross peter moore a told r.t. the only way to solve the refugee crisis is to get help to the people within syria . in i.c.r.c. is perspective the first and foremost important step to do is to improve the situation within syria so that those displaced within syria are not forced to become refugees either in neighboring countries or beyond so our effort at the present moment is to appeal to the international community toward responsible countries to exert maximum influence on all parties in the syrian conflict to
allow independent actors to do their work in syria we do not enough at the present moment because of the security situation because of the block which is amongst or between the syrian government and the armed opposition so we definitely and badly need to expand our operation in syria so so that not more syrians become refugees become a factor in the neighboring countries now take a look at some of the stories from around the world north korea's army has been put on high alert after u.s. military ships including an aircraft carrier moved into a south korean port for joint naval drills young man has warned washington of serious consequences and ordered its military to be fully ready to launch an operation of this comes as a recent thawing relations on the korean peninsula which led to the reopening of a jointly run industrial park. u.s.
billionaire warren buffett has earned him billion dollars in payoffs from companies he loaned money to during the financial crisis in two thousand and eight according to the wall street journal the cash accounts for almost half of his company's profit buffett is one of the world's richest man with a bankroll of almost sixty billion dollars. a pakistani girl who survived a taliban attack has received new threats from the militant group malala yousafzai was shot in the had last october for her campaign for. women's education rights something strongly opposed by the taliban threats to her life come just days after the teenager received the politkovskaya human rights award and was named as a favorite to win the nobel peace prize. and in the u.s. a surveillance camera has captured the scene of an attempted robbery the video shows a cashier of a new york food store standing up to a thief in fact point out a machete before chasing the armed man through a parking lot where local police are now looking for the robber.
while the moscow leg of the sochi winter olympics torch relay is in its second and final day before he goes on an incredible journey across the world's largest country. it was led by president putin who carried around moscow by athletes and heroes and over the next four months it will travel to some of the most unique places on earth and beyond tells us what's next for the iconic symbol of the games. in the limpia handed over to russians on october the fifth in athens and delivered to moscow on the next day now the olympic flame has started its long and unique journey across the host country five time olympic champion in synchronized swimming and. was chosen to be the very first story fourteen thousand more will hand the
flame to each other in the next four months among them people of a range of profiles and backgrounds including a special be ip guest. expectation on the in the beginning but on these games i think there's just been a lot of preparation. a lot of work to do and i think it will be but i think it will be a great one to. the twenty fourteen sochi games olympic torch relay has only just kicked off but it has already been branded as you story covering more than sixty five thousand kilometers across nearly three thousand cities towns and villages in russia it will become the longest storage relay in history and probably the most seen as well with almost one hundred thirty million people being within reachable distance of the relays route for the first time in history it will be taken for a space walk outside the international space station that's before descending to the bottom of the world's deepest lake baikal heading to the top of the world at north pole and scaling europe's highest peak russia's mountain groups this is
a unique opportunity to united nations and a great way to explore russians themselves and because. with the flame. and. this particular city the capital of the olympic games after two days in moscow the olympic torch will head further inland before ending up at the grand opening ceremony of the the winter olympic games in exactly one hundred and twenty two days from now. moscow. deliberate torch is on its epic journey to suck. one hundred twenty three days. through to the city of russia. really fourteen thousand people. or sixty five thousand to live. in a record setting trip. here see your mother's face.
lift the torch relay. on r t r. and over on our website freedom came to wait at our g dot com we've got the story of a u.s. man who served over forty years in jail for a crime he didn't commit and died just hours after his release plus. a powerful typhoon has battled china's southern provinces forcing towns of thousands of people to flee in its past and bring the public transport to hold hands to our emotions action for stunning video on that. for years education was an essential step on the way to a decent job but in the crisis hit europe more and more graduates are finding themselves unemployed with greece and spain having the most unsettling statistics every second student in spain is out of work with little hope of finding
a secure job as her first now reports your son employed there often called the lost generation is perhaps will the most out of descriptions given that when you speak to young people here they know exactly where they are and how tough the situation they're in is here in spain youth unemployment now stands at more than fifty five percent not coming at a time when the spanish government says that things are slowly getting better in fact only greece has it worse in europe we've been speaking to some of the students to find out how they're going to be facing the challenges that lie ahead. it's the start of a new academic year and for many of these students it will be the final year at university with all mates knowing hundred thousand jobless used in spain accounting for a quarter of the three point five million unemployed under twenty five's across the usa according to figures on the prospect of graduating isn't exactly
a cause for celebration but i don't feel very worried about that. i see people like. to take a job or work or they can't and. i you know i think. we want. to out for. the moment we we we don't know. three years by the moment. she shows up in fact many spanish east are doing just that choosing to go abroad a worrying sign for a country he will need a young dynamic workforce to help it out of its economic crisis the government have pulled in reforms in
a bid to appease tiring of these students impacted so you. may well see you know sarah not. max and stacey are here next but the latest report and go away. i recently read headline. it's all over the russian internet screaming in full paranoia mode that china has just bought five percent of ukraine now they're writing that china will lease five percent of ukraine over ukrainian officials themselves claim that china won't be getting either and that this is a deal about some drip irrigation system this iteration didn't explode on to the internet to the fantasies of bloggers the south china morning post reported that
one company does have a crop in pig farming plan design you lies nine percent of ukraine's territory also last year the ban on foreigners buying land ukraine ed quince deadly been lifted although i am the distrustful pro sovereignty type getting a rich foreign country to pay to develop your nation's agriculture might not be too bad of a deal it would definitely take a lot of money to restore ukraine's farming to its former glory they see that ukraine used to be the bread basket of europe and give you that status back could really help the country but selling off or even just leasing nine percent of the nation's territory is absolutely unacceptable doing a large project with the chinese that is mutually beneficial is one thing but selling or leasing off your country is another and by another i mean treason but that's just my opinion.
welcome to the kaiser report i'm max ties are good news for the british economy yes apparently there is a to all that financial fraud at least according to the wall street journal as you know max indeed well you know the payment protection insurance scandal from the past few years where they the banks were selling payment protection insurance so your mortgage would be paid if you lost your job your house burned down you got sick or whatever they would pay your mortgage for you well how a banking scandals bolstering britain's economy well the compensation for misselling those payments because apparently none of they were like all insurance products they didn't pay out so they had to pay billions of pounds to consumers who bought this thing and apparently the office for budget responsibility the government's official forecasts are said that the compensation was so big it would
provide quote some short term support to household consumption growth one economist alan clark a scotiabank says the compensation payments have been more successful at stimulating the u.k. economy than quantitative easing u.k. lenders have already paid eleven point five billion pounds to millions of customers and have set aside another seven point three billion for future payments well this austerity for everybody in the u.k. unless you've committed financial fraud and then the government just rewards do with billions of pounds worth of compensation and restitution and free money and this brings up an interesting point is that fraud pays used to be that crime doesn't pay but now crime does pay lehman brothers collapsed and a collapse and bernie madoff collapsed and we've saw many financial scandals over the past five years result. and the central banks in america and england printing
billions of pounds or billions hundreds of billions if not trillions of pounds and dollars to reward the fraudsters so what you're saying here is really part and parcel of this whole model of fraud for pay so that p.p.i. scandal they were caught mis selling insurance they were caught committing fraud which should be a criminal offense it is a criminal offense and anywhere but the city of london which is its own corporation has its own laws where fraud is legal and the result of all this fraud was a massive money printing which they are now characterizing as economic recovery even though it has deep bass the pound it is debased the economy it has threaten the overall security and national security the country those are taken into consideration the only thing that's going to consideration is that a banker made more this quarter in a bonus therefore the economy is growing so lloyds barkley's h.s.b.c. all these local banks who sold these p.p.i. fraudulent insurance schemes they themselves have had to take from their own
reserves cash and give it to the normal joe baca doenitz out there on the street who bought this these schemes so that small amount of money is stimulating the economy more so than the seven hundred fifty billion pounds so far of quantitative easing seven hundred fifty billion pounds of quantitative easing eleven billion pounds of compensation from the banks to the people now. that shows you the what has been said from the very beginning if you just put the hands the money into the hands of the people the normal people who actually are desperate and have have a shortage of cash rather than giving seven hundred fifty billion pounds to the bankers who have trillions sitting on their balance sheets that they don't feel like lending out to those schmucks out the street that they're going to just miss sell something else to be clear when they say that they're moving money off their balance sheet to pay the victims of their fraud that money is immediately replaced by the bank of england that they're not paying for their in other words they've expanded their.