>> bill, i could think this is cost effective for britain. the official government figure for the cost of the diamond jubilee is $12 million. that's about 18 million u.s. dollars. contrast that with the cost of inauguration ceremony $117 million to the u.s. taxpayer. in return. of course, the royal family does raise a huge amount of money, i think through tourism. the estimates for the amount of money the jubilee has raised for britain in terms of extra tourism cash is about 10 billion pounds that's a huge amount of money. that's quite a saving to the british taxpayer. >> you guys both think that the royal family brings money to britain when all is said and done that it's -- the industry of being the royal family. now, remember, you have got windsor castle. you have all the other lodges all over the place. you have got all of this stuff going on. but you both say this is a profit center. >> it is a -- actually is an industry. there is a a phrase for her that sir walter padgett came up she is part of the dignified it not the efficient part of

. >> jamie: what an historic day it is, in great britain and around the world for that matter as today's diamond jubilee celebrations get underway, in london. all commemorating queen elizabeth ii's 60 years on the throne. the queen herself as you can see, there, on the shores of the river thames, a short time ago, leading a thousand-boat parade down the river and good morning, everyone, pretty exciting in london, and martha mccallum is there and i'm jamie colby and he we're here for you in new york well, as you can see, we are witnessesing a spectacle of pageantry and history, millions are expected to join the festivities in great britain throughout the day, martha mccallum is joining us now in london to tell us what to expect. >> jamie: hi, martha. >> reporter: hello there, eric and jamie. >> jamie: we are dying to hear all about it. >> reporter: it is just beautiful, jamie and eric and we have the flotilla is underway behind us and we'd are celebrating as you said the queen's diamond jubilee, 60 years of her reign in great britain, now, this is not something that happens every day. it

elizabeth was crowned in the midst of britain's post war recovery. she reigned through the delivente empire and the independence of most of its colonies with prosperity and also deposition at home and an increasingly changing population. britain's leading historian rights in "newsweek" this week that when elizabeth was crowned, she pledged herself to hand over her life to the role of national matriarch so a nation might endure. so katy, match that. i guess the great old churchill war poster was keep calm and carry on. is that what she symbolizes? >> you see signs in london that say panic and freak out. part of the reason we love her is because of her steadiness and that clip from the movie of "the queen" with helen mirren is dead right. the queen was right that it is not in the english nature to be overly emotional and sentimental and massively expressive and have these huge swings. we are a fairly kind of oppressed steady nation. the queen has some affinity for her people because of that. chris: do you feel governed by that instinct over here? >> no

and britain is gearing up for a four-day national celebration. millions preparing to mark the queen's diamond jubilee. >> hello, again. the united nations human rights council called for an investigation into the killing of more than 100 civilians at houla. it also condemns syria for the mass car and calls for those responsible for the violence to be named, opening the door for war crimes charges. russia, china and cuba voted against the resolution. the diplomatic correspondent reports. >> more disturbing images from syria posted on the internet by opposition activists. factory workers forced off a bus and murdered they say, by pro-government militias. on account u.s. observers inside syria hasn't verified yet but they did confirm the massacre at houla and today the human rights council blamed syria for it, urging inquiry to investigate possible war crimes. >> these acts mount to crimes against humanity and other international crimes and may be indicative of a pattern of widespread or systematic attacks against civilian populations. >> syria's en

witnessesing a spectacle of pageantry and history, millions are expected to join the festivities in great britain throughout the day, martha mccallum is joining us now in london to tell us what to expect. >> jamie: hi, martha. >> reporter: hello there, eric and jamie. >> jamie: we are dying to hear all about it. >> reporter: it is just beautiful, jamie and eric and we have the flotilla is underway behind us and we'd are celebrating as you said the queen's diamond jubilee, 60 years of her reign in great britain, now, this is not something that happens every day. it only happened one other time in the history of the monarchy, and that was queen victoria in 1897 and she was not nearly as able and well as queen elizabeth ii is, she's enjoying all of this thoroughly. it is really a high point for the monarchy, and, everybody is very much in celebration of her life on the throne and all that has come before her and, when we look at those shots of the thames, the river lifeblood of london and has an extraordinary history for the royal family going back to the days of hearn viii when he came down here on

in britain, it is the start of the diamond jubilee long weekend. and over the next four days, there will be parties and special events to mark 60 years since queen elizabeth came to the throne. this evening, remarkable footage was broadcast for the first time. showing the queen returning to britain just hours after she rose to the throne. >> flying home to face her destiny, an image from 60 years ago seen publicly for the first time today. this is the queen's private footage taken aboard the aircraft which brought her home to britain after learning that her father had died and that she was now queen. >> so these must be the first pictures after our madam knew she was queen. >> featured in a jubilee tribute to his mother by prince charles. 60 years after elizabeth flew home as queen, britain is gearing up with its jubilee tribute. while much of london slept, a full-scale rehearsal toob took place at the carriage -- took place at the carriage procession which will conclude on tuesday. then the streets will be crowded. this morning, there was barely a

britain and france and shot down this proposal which is you know exactly the opposite of what you would do if you were looking for a diplomatic solution a liver if america two should you want everybody at the table has influence with all the parties and that means trying to have iran of the table because they have some significant influence with the syrian government robert tulloch really taught me a lot of gas lined up this out i got one last thought on the the u.s. and the e.u. and the matter of powers are pushing for president assad to step down is that the golden palace here to solve all this problem or just get worse i don't think it's a perilous year i think the the focus ought to be. diplomatic and political solution that pushes the parties the main parties to people supporting the government and supporting the opposition to the table for a real political dialogue the same time and pressure both sides to reduce the violence thanks ever so much for sort of an i've been there from the u.s. space just foreign policy organization on the international. staying with syria now russia is

and while julian assange awaits britain supreme court decision on whether it will reopen his extradition case the u.k. involves a new bill that could prevent potential whistleblowers from speaking out. troops supplies in the u.s. oppose the broad decline oil prices turn up and the russian markets managed to end the day on the very positive note more on that the twenty minute. hello there live from moscow this is r.t. it's kevin zero in here with you this hour at seven pm moscow time a militant web site has released a video message from al qaeda as deputy leader calling on islam is outside syria to join the rebels they're fighting against president a sad. though the u.s. have claimed. liberty had been killed in a drone attack in pakistan calling it a major blow to the terrorist group it's not clear when this newly published video was made however meantime the fighting in syria has reached new levels as government forces seek to blunt a nationwide offensive by the armed opposition who had withdrawn from the internationally backed cease fire let's talk about these latest developments as we

working on developing new nuclear power stations in britain but the other two. have both now pulled out so it's almost as if the government hasn't noticed the writing on the wall that left the u.k. government having to hunt further afield for the much needed cash despite saying they won't let the pendants on outside sources it's countries like japan and china that person's reported to have been touting around for investment and you know in a sense we're kind of offshore project for other countries i mean it seems to me bizarre that the u.k. which is quite a big and supposed to be country. opening up of foreign investment from other countries because during the best route to invest in nuclear their own countries don't want to take it so they're going to have britain having being one of the first countries to gain new clear britain's power stations are now old with many being decommissioned and with nuclear accounting for around sixteen percent of the country's energy provision the government says if it doesn't get the investment in the new plants it needs it coul

at least the previous judgment five to two not unanimous but this this court here in britain seemingly oblivious and believing that there is no need to argue points of law for a guy who has not been charged with any crime in the united states people have called resuscitation and president obama has even film footage of him saying that julian assange is guilty that surely in a normal process would make for a complete farce of any legal case but in the united states in an election year and let's not forget how many nations in the world don't like leaks but whatever the case you know people will be sending c.d.'s we know what's going on around the world and people around the world will find new ways of sending information and leaking information to wiki leaks with or without julian assange. just briefly you talked about people turning on of songs he's also criticized for his program here on r t what do you make and again just briefly of the swap in the way you seem he was a hero and now he's a world you know a criminal. the attacks were on our t.v. and the mainstream media for even having

or claimed by spain britain france and even the dutch. do claim. pretty soon one but argentina is concerned about structure it's going to. go. under the water there the idea to you to discover. you know argentina it is possible to extend wide through to the falklands. british companies. prospecting for our own to foreclose so we see fighting and. then that makes it. strategically economically very very important and. of course very very wealthy well elsewhere around the world this hour british prime minister david cameron has fined in front of a u.k. media ethics inquiry saying press regulations need to improve cameron has come under fire following the phone hacking scandal at murdoch's now defunct news of the world tabloid british officials were accused of helping the media giant ovoid investigation cameron has also been criticised for the way he handled murdoch's to take over british sky broadcasting. toronto rains have large areas of central china triggering mudslides and forcing hundreds from their homes one person is missing and officials have

britain hadn't seen anything like it since then. on sunday millions got their chance to see the historic procession, and they did it in typical british fashion while enduring a steady downpour. >> we don't mind. we've got waterproof coats. >> waterproof trousers. >> we've got coats. we've got food. we've got good company. >> reporter: while the queen braved the rain, the prime minister headed indoors. david cameron's celebration moved inside number 10 downing street. the prime minister praised queen elizabeth for her role as a sounding board for himself and 11 others who have held his job during her reign. >> it's a huge treat for a prime minister to speak to her majesty every week, knowing i'm the 12th prime minister. she started with winston churchill. her knowledge of world events, world leaders, world issues is unparalleled. >> reporter: back on the thames, anticipation rose as the tower bridge opened to let her vessel follow underneath. that was followed by fireworks on top of the iconic bridge. one last salute to the monarch.

britain did have an option. when you have -- when you have a debt, a high debt, and when -- when the economy has just collapsed, then of course the debt/gdp ratio rises automatically. now, how do you get it down? that's the question. i would say and a keynesian would say you don't get it down by shrinking the economy further. that is a move that will actually cause it to rise. you have to find some way of getting the gdp up and then the debt-gdp ratio will sink. and i think that's very, very, very clear in my mind. and i think events have borne it out. what we've had is a great experiment in the application of a particular economic philosophy which neil agrees with. he says this is a temporary blip and in a year or so, we'll be back to buoyant growth. >> i don't think it will be buoyant growth. one has to realize under a debt mountain such as the size of britain -- >> it's not a mountain. >> it is a mountain. debt to gdp is up there with japan at 600% if you include public and private debt. that's important beca

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but i think overall, that is the way britain is. that is part of the image we put forward to the world. >> is certainly is. thank you very much indeed. >> thank you. >> to syria now, where at least one area to meet urgent assistance. the steering government has opened a window for foreign aid in the -- the syrian government has opened a window for foreign aid in the hardest-hit provinces. we have this report on the meeting between the leaders of the two countries to have a keen role in solving the crisis. >> it was vladimir putin who sweptback as president of russia. the mood was reminiscent of cold war meetings a generation ago as russia and china once again stand together against the west. britain, america, and france may want to halt the bloodshed in syria, but in beijing, it is seen as a western intrusion into the affairs of an ally. >> both china and russia are opposed to intervention in the serious situation and oppose regime change. >> but regime change in syria is very clearly on the american agenda. >> after what we have se

how has she changed the monarchy and the face of britain? >> reporter: i think that is absolutely right, chris. she came to the throne at a tender age. she spent her life as a mother and working. she had to abandon a lot of her role as a mother. a lot of time pass charles off to be cared for by nannies and other people. that was a difficult thing for her to do. she knew her father, king george vi said duty first. >> i just need to intervene, robert. we are watching the royal air force squadron flying past buckingham palace. this was arranged and prepared. it happened last year for the royal wedding. this is the royal salute to her majesty and the queen. >> reporter: it is beginning to pour down in rain here. the rain has poured and it got sunny again. we are seeing it clearly. the crowds will beshortly as it over the palace. >> you cannot help by think, very few organizations, very few countries do this kind of pomp and ceremony, like you brits, martin. >> i guess we're good at that. we're not very good at sport at the moment. >> don't be bi

did you know that in britain and in canada, that you need to have support of people from another party besides your own in order to get elected speaker? you can do that here, too. there's a lot of changes we can make. >> yeah. >> can i -- >> yes, you can. >> you can feel free to -- [ applause ] >> just one thought, when you were talking about the three coequal branchs of government and so forth. and obviously, you know, that's a very important thing to observe. and an important part of the way our democracy is designed. however, one thing i was thinking about, since we were talking about the president and we were talking about what happened off of the 2008 election. and all of the -- the way the issues that were in the air and on the table, as a part of that. i was thinking, though, and tell me how you think about this, while the three branches of government are the three branches of government, and we don't have a head of government, the president is the branch that is elected by the whole of the american people. and the electoral college, notwithstanding, and you know, and all of tha

this is britain at its best. oh, my goodness. it's pulling the 360 we had only heard about. >> a rapid fire 360 turn. i've never seen any boat that size do this. absolutely remarkable. >> jon: i'm getting word there's a schooner doing a k-turn. a schooner. is this somehow the british equivalent of a monster truck show? come down to the thames and see a rotating boat. outstanding. if you think the flotilla is exciting, just wait until cnn gets a low load of what's happening come. >> the grand finale where the queen will be witnessing for the fly-by. >> it will be spectacular. -pretty extraordinary. the most spectacular part of the whole thing. >> a lot of people have criticized the queen for not smiling as much. but you say we will definitely be seeing a smile once we see that flyover in a matter of minutes. >> jon: it's the only thing still keeping her alive. the fly-by. it's like boats in the sky. it will make the whole miserable day worth it. >> we have breaking news. jon: oh, no. breaking news. that's right. cnn. there was tha

today britain is in a double-dip recession. but there was little talk of that in london this weekend. as britain celebrates the queen in grand style, it gives you a chance to forget about the economy for a few days, but when it's over, it may be more like a extended hangover. was there ever any concern about the optics of the celebration? >> i think the british people are very good at understanding the difficulties a country and an economy can face when you've got this debt problem and debt issues all over the world. there really is something to celebrate. we really do do it properly. >> reporter: celebrating the queen is one thing. finding a reason to celebrate the economy isn't nearly as obvious. >> we should point out the markets are closed in london today and tomorrow for bank holidays for jubilee so we'll be looking to see what happens wednesday morning. we'll bring you more of our interview with prime minister david cameron coming up in our next hour. >>> this morning officials in lagos, nigeria, fear the death toll of a

countries catarrh durkee or of course the us leading from behind and probably france and britain that's well. well while conflict in syria rages on some other countries are stocking up on weapons for safety concerns are two reports online. so your idea reportedly wants to buy ten billion euros worth of tanks from germany reluctant to disclose where the are going to be deployed. also online fool me again the russian made often the tories financial fraud story who robbed millions with a giant pyramid scheme says he would do it once more. as egyptians vote in a two day runoff presidential election the first since the fall of mubarak the historic events being overshadowed by a new political brow the supreme court dissolved the islamist dominated parliament this week and the military is now assumed total control program pollution activists are boycotting the poll and say neither candidate is worth voting for as artist but with new reports from cairo. when will take office in a climate of chaos confusion and a great deal of political isolation t. there is no constitution there is no condiment

. >> chase, your company has tried in britain to varying degrees of success. teenage boys, if they can make something for nothing they do, as all their friends do, and they have an extraordinarily quick way to find this stuff, whether it's music, television, movies. they don't pay for anything. how is the genie effect of out of that bottle. what do you do about it if it is. and how tough can your companies can be in reality to stop it from happening. >> i don't think the genie is out of the bottle. the news business probably got further down the road than it should have and now a little bit trying, the one business trying to put the genie back in the bottle to create a better business model, putting all the content, news content out there was not not going to lead to a place that ultimately, i want to say, was the way the business model worked. sure, if they can get it free. if you're giving good experience and you give them something like, people will pay a fair value. yes, we should have rules to help enforce it and i think realistically you look at the loss

war claimed by train britain france and even the dutch the i g g a claim is very soon one but argentina is concerned about structure. so the order. which lie under the water there the idea to use of the sky with. possible right through to the falklands. british companies or prospecting for the. seriously find. it makes. strategically and economically very very important and. of course very very wealthy in the u.s. several classified documents revealing the obama administration's achievements in battling terrorism have recently been leaked to the american media has put the white house in the firing line for jeopardizing national security for the sake of political gain one former foreign service officer at the state department believes america could end up paying a high price for leaks. leaking information it papers you is not unique to obama i think what's unique here are two things first the secrecy of these infor of this information the stuxnet worm the things that are going on in iran this raid that killed bin ladin information came out in those instances that was beyond top secret an

in britain being left by your parent is a hallowed rite of passage. when every child reaches eight years of age they are abandoned by their family and forced to fend for themselves for a period of time. it's like our rumspringer, a coming of age, an orphan mitzvah, if you will >> jon: to leave an eight-year-old child alone in a pub, she must have been terrified >> at least he left her in a nice pub, jon. oh, the plow at camdden, trust me, jon. there are far less reputable establishments she could have been left in like the witch's chootch or the. i myself was left in the rat and pedophile. that's a rough joint, jon. that's a rough joint. but i will say their sunday brunch is surprisingly good. >> jon: i have heard that. at eight years old, all british children have to temporary become an orphan >> yeah. jon: how do they survive? you know, you have options. you can join a pick pocket gang. others become chimney sweeps. more recently he see a lot of kids enrolling in wizard academies. ( applause ) >> jon: let me ask you a question. they can only perform

one's art is that the focus is or is the argentinians call them last month venus which just a part of britain and don't wish to become a province of argentina if you look at the language which is coming from what is are is the argentina government is using very very strong language some people might say threats about security of the falkland islands the falklands have been claimed by train britain france and even the dutch and the i.g. do claim is a very simple one but argentina is concerned about structure it's good so they all of. which lie under the water there the idea to use of the school would. probably go you know in argentina but it's possible that the extended right through to the falklands and british companies or prospecting for years around the falklands so if they find. that makes it. strategically and economically very very important and. of course very very wealthy. in the u.s. several classified documents revealing the obama administration's achievements in battling terrorism have recently been leaked to the american media is what the white house in the firing line for jeopard

remember, that's what margaret thatcher did to turn around britain. third, enforce government austerity with smaller staffs and lower benefits and, last, deregulate labor markets. allow businesses to legally hire and fire at will. it's a simple supply side paradigm. i just don't see it being implemented. now to the international experts to weigh in. here is andrew bush, global market strategist at bmo capital markets. and ben steel of the council of foreign relations. andy bush, i go to you. i know there is talk about hiring and firing. as far as tax reform, flat tax reform, lowering the value-added tax and privatizing and selling off all the government assets, these are true pro growth things. these would shrink the public sector and fire up the private sector. nobody's doing it. >> it's sad that the elections not only in greece but in france went the other way with socialists taking over there rolling back the hike on the retirement age. these are play books that don't work. for a while i thought greece may open up different sectors of the economy t

push for regime change in syria could provoke an explosion in the entire region the united states and britain and france have made strategic decision by a long haul as a way of putting pressure on iran changing the. order of the middle east and therefore if they can achieve that through syrian domestic horses deniable or other arab special. surprise weapons or whether. they would not wish to accept a defeat assad's regime survived huge geopolitical so for power relations between our states and its allies in syria and iran are overwhelmingly ultimately in favor of western states but of course to go in on the ground by could. also go in right here at night against serbia is a big risk for them you know the could be casualties are. side is not clear of opinions also committed to regime change of a crisis of their own soldiers and so what have you know now iraq is still a very one sided international call. but of course would want to become a multi sided conflict that were extremely dangerous and lower the risk of course of an explosion. egyptians have reached the final day of the presidential ru