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tv   [untitled]    December 3, 2012 3:30pm-4:00pm EST

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a month. on the way back another stop to check on the health of some native minutes reindeer herders out in the tundra it can take many hours to reach the nearest village so all medical problems simply fixed here in the tent. they used to be but now we can go to civilized places so we call for emergency help. back at hospital other patients helped by the air ambulance and being treated the service costs fourteen million dollars a year to run and there's been controversy with some claiming that locals exaggerate or make up health problems and use the helicopters as a free taxi service by causations largemouth firmly dismisses your brother is not true usually the calls are perfectly justified sometimes we even reproach locals waiting too long before calling us he's been working as a doctor now for forty three years but vladimir is confident that even after he retires his helicopter doctors will remain
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a lifeline to the peoples of the russian far north. county desert offers an air show and an emission museum was a bad review. but the residents never profit from the performances you'll see of coming our signature to their new look up a new one tack and i knew he alpha beta gamma he with all the fun out there trying to treat his leg out with out there know what's going on take a pinpoint. right now. does shelves become income mortal danger and a piece of art is statistics and factor in making them their country. bombs.
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in a warm welcome to business r.t. russia's richest are battling it out in london courts yet again billionaires idea about negative pascoe continuing that tug of war over the risks and they call the largest nickel mine in the world in an arbitration case worth more than a billion dollars as artie's laura smith reports from the british capital. it's another clash of russian tights and in court but this case is done likely to be another bet is. which when told a month in the current london law is at least a million pounds in fees this time it's two more billion paternity and.
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worth fourteen and a half billion and eight point eight billion dollars respectively according to forbes magazine. says in the tails nicole the world's largest nickel plated producer and he's suing fellow shareholder pitot in for more than a billion dollars for violating his shareholder rights it's a conflict that's been going on for two years and on monday it went into arbitration here but it looks like it could be short and sweet because sources say the two have already reached an agreement the terms would mean a restructuring of the company's management but the current director general stepping down making put tan in the head and bringing in fellow tycoon roman abramovich could buy seventy percent of the two billion dollars to reduce these conflicts say they control. the kremlin says they have the team to be phyllis's say they are anxious to avoid more messy litigation between oligarchs as the world saw
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in the case of. if it is resolved it's good news for anyone who holds. management stability would mean a probable rise in the share price now one of the champions of europe's gas pipeline is reportedly on the brink of pulling out of the project german company. has revealed that some talks to sell its stake to fellow consortium member. this has raised further doubts about the pipeline originally intended to bring gas from central asia directly to europe from all that. pool from the business desk next does this effectively mean that the the bigger project is that. well i think the fact that. germany's second biggest utility was a major force in this project it bailing out well it's very much like the end is nigh. it's especially when you consider the project was scaled down quite radically
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earlier this year it's already much less than its original conception now is in toolbox with the to sell it sixteen point five percent stake in the which is already a shareholder in the blue code the fact that it will be will become the largest stakeholder though i think that means little pretty much little towards the progress of getting the build started its stock in stock trading water talking about. what has happened what has gone wrong with nobuko i mean it's received a lot of support it's been backed as a key element of europe's energy security got backing from brussels and washington why is it not being there because the gas market has changed in europe actually i mean the financial crisis has altered the landscape quite radically before two thousand and eight it was presumed there would be a deficit of gas the demand would go up and the there would be shortages since two thousand and nine it's been clear that if that deficit is going to come it's being
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pushed back by several years you also need to consider that. faces a rival in south stream which is gas problems plan to bring gas from russia through to the southern corridor now this is actually progressed much further it's a much more sort of viable project. from in a sense capital explains why the book has been beset by problems. lack of supply and the like uncertainty over what i want to contrail will be the main source of that gas and also it requires money many more countries and transit trans. countries so complex to political complexity is in dealing with me and deal with just one source of gas that is russian gas and one supplier which is gas from seoul in some way it's much more convenient to deal with one company. so
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now because there's a victory for south stream and gas from them well i don't think they'll be popping the champagne corks down to gazprom headquarters they've got plenty of problems without nabucco in fact i think they probably robert the logic from the group could be built still there that would be the demand in your still strong europe of course is the biggest market it's not just waiting for the economy in europe to pick up either there's been a sort of fundamental shift in the way the market operates and this is because of new sources of gas coming from alternative conventional sources shale gas fracking you can see the results of this probably best in the u.s. where the u.s. has now become the world's biggest producer of natural gas prices for gas one third that in europe now we're not going to see a complete replication of that system here in europe but it is coming a bit as is liquefied natural gas so there's going to be considerable pressure put on prices and we've seen that already in as much that is because consumers
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customers consumers in europe of asking for and getting reductions on prices i think the gazprom has to look at how that side of the business is going to progress rather than concern itself overly with spending more money on south stream all right thank you very much nick pool for that. rather quickly run through the markets traders are selling at the dollar on bad macroeconomic days so we'll get to that as the second model russian ruble at the close of monday's session was losing value against both for the dollar and euro now into equities the stocks in the u.s. are down on news manufacturing contract and in november and lawmakers are still mulling a way around the so-called fiscal cliff rather quiet day of trading in europe in london financials and resources for were down by industrials one higher with rolls royce gaining one point seven percent at the close here in moscow had
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a pretty positive start to the week with the r.t.s. my six gaining more than one percent to burbank is the outstanding gain of more than five percent on news it's a signed a deal with turkey ex-im bank for one billion dollars over three years the finance trade this week. trading volumes for the six most liquid russian stock has fallen on the moscow bourse to forty percent as opposed to sixty percent on the london stock exchange experts say such a dynamic is seen with most of blue chips except for v.t. be in russia where it's the other way round november trading changes have become the biggest in the last eight years experts say it's not that bad as the data involves only companies with parallel listing we apologize for that map which had nothing to do with this story but after a short break r.t. talks to elise salter british filmmaker and director of a film about the city of london and the corporation that runs it.
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if you're passing through rushes to very region you really can walk on the wild side thousands of kilometers of unspoiled countryside make up an area where it's still possible to live off the learned and enterprising locals so the fruits of the forest by the side of nearly every road. such spectacular scenery makes it a paradise for fisherman and provides a business opportunity for hunter is. going on he has been hunting for more than thirty years and works for a company providing expeditions for tourists this season ducks are on the menu of. things a successful duck under a. lot of silence which means that i need to be very quiet i'm not going to write in the. office. but when you've been
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in the business as long as he has the birds don't stand much chance. there are defined hunting seasons in russia but lax enforcement means many animals are killed out of the allotted times which can leave young animals orphaned and unable to survive but environmentalists are fighting back the heart of just u.s. forest provides a sanctuary for the most famous beast in russia it's home to a group who rescue often bear cubs and raise them when they're old enough to fend for themselves the cubs a target taken to a remote location and released back into the wild but it's not just bears who find a haven here this is wolf island here wolf pups have been captured by hunters or bought from zoos have a second chance at life and conservationists have a unique opportunity to observe them these walls are all around four months old and they'll stay in this area for up to three years then most will go back to the wild for good just viewing them from the car was an experience in itself but then after
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a bit of a bumpy ride came an opportunity i just couldn't pass up. and this is what i was hoping for when i heard i was coming to a place called wolf island a chance to get up close and personal with the locals and it's these guys are going to act as foster parents for the next generation will come here. using the old awards as surrogate parents has already proved a successful technique. every year i place infant wolves with one year old wolf cubs his parental instinct is totally shaped and they take them as their own cubs it's an important part of the world's development and a major factor in the success of a project which has seen more than twenty generations of cubs grow up here it's going to continue to take time and money to rehabilitate the wolf's reputation in russia. but the keepers here hope their research and dedication i mean that we file
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and remains a place where visitors can truly understand all of the wild. today we're joined by dr lisa alter the writer behind the secret city documentary which is all about the city of london corporation the governing body of the one square mile that is home to the u.k. financial industry to actually sell to thank you very much for joining us today can you tell me what the city of london corporation is and what it does the corporation of london or city of london corporation is the government for the city of london the square mile the financial district which is actually the real city of london the rest of london isn't a city and its role is to basically lobby for the city but the thing is the city
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has been taken over by financial interests and banks so the corporations actual role has become to lobby nationally regionally internationally for the banks located in the city of london in the financial interests that it bought is the title of the documentary is secret city what's so secret about what it does i think in the first instance very very few people in london and certainly elsewhere in the country know about the corporation of london if i heard about the corporation of london they might have heard of the words the city of london but usually in the context of an economic reports that kind of flags it merely is a district within the city of london but it's actually a city and when you've got a city that people don't actually know about it secretive ok the corporation of london itself is in many respects avoids freedom. from asian education for example it's not publicly accountable in any other institutions so
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secrecy is in its very nature what's the formula if the city of london wields q much power and needs to be democratized how should that be done i think the only way it can be done is through strong campaigns to try to tackle the governing structures of the city of london but also try to lobby parliament but where is parliament reluctant to legislate for the corporation of london because of these constitutional issues it can do if it wants but the political wills never being there and so really every m.p. from london whether conservative labor or liberal democrats should be lobbying for change because if the vast wealth held by the corporation of london were integrated to the rest of london it would be a very different city and in the poverty you see he would probably be eradicated with that money do you feel that the city of london corporation would be morally exonerated if they did more to help the poor buyers around them not really the
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because the corporation of london is kind of a true a stick it gives quite a bit of money to charities it has all sorts of charitable charitable foundations but this is putting band-aids putting plasters on whims it's not doing anything structurally to change the relationship between this state within a state government within london that no one knows about and the surrounding boroughs which are extraordinarily poor but how is it possible to democratize the corporation if the financial industry in the u.k. and the government are so closely connected when there's no political will it's impossible to impossible to make that change i mean there's all sorts of things that could possibly be done which is by packing the corporation of london with people elected on a reform ticket a government that has the political will or that can be forced to have the political will through its manifesto for example can can make that legislation then . things could change but it's a deep set problem and i think it's a bigger problem than just the corporation of london it's
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a problem about the role of capitalism in the world about the role of finance in particular as a force and a power but surely every industry has a lot be the manufacturing industry the tobacco industry isn't it a natural element of a capitalist society no. i mean it is in a sense in the sense that there's a lot be there ok but the problem is we have an effective government. an effective state building built around a single interest so it's the integration of that lobbying function with the political structures with the governance of the city with its effectively a state that's the problem and that's distinct from all of the lobby groups there and there is that say that protecting the city's interests is what's keeping the u.k. out of the euro zone and it's what drives david cameron's hard stance on financial issues yes without a doubt it we mustn't mistake
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a relationship of force for what the real relationship is it's not the city of london's could jolene david cameron or even tony blair before him these are people who politically ideologically are in sync with the interests of the city of london but without a doubt british policy in relation to the euro in relation to the european union in relation to things like the financial transaction tax is about the interests of the city of london has a particular interest and that interest has damaging effects on other sectors of the british economy now it seems to have been prosecuted in the u.s. or in the u.k. for what led to the global financial crisis back in two thousand and eight or for the interest rigging scandals here in the u.k. why do you think that is because there's a rich network of association between bankers lawyers judges politicians i mean this is a network of people who do each other favors rub each other's backs and so on and so forth the other reason for that though and i think is really crucial in this is
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something that really people don't know about it's the the kind of propaganda effort the city in the corporation have put into changing public perceptions of the crisis if you remember in two thousand and seven there was a housing crisis it spilled out became a financial crisis a big financial crisis largely with private debt as well as other aspects of finance economics and public perceptions of that over these few years the recent years have changed to turn it into a. problem of public debt a problem of government spending it's not the fall of the bankers and insurance companies in the financier's it's the problem that we've been giving too much money to wheelchair users that's what's caused the crisis that didn't come from nowhere that's not a change of mind by analysts the city of london corporation the city of london itself spent nineteen million pounds in two thousand and eleven alone in propaganda in lobbying in trying to change people's minds about the nature of the crisis and
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this is one of the reasons attention is being taken away from that and it's other people are being punished a senior bank of england official recently said that the occupy movement was both morally and intellectually right in its attack on the international banking system do you think what's happened is going to bring about lost ing changes to the sector i don't think there have been changes i mean there have been some one way but most of them have been the other way you know we've heard of reductions in corporation tax they've avoided the tobin taxes financial transaction tax they have now reconsolidate their power i don't think anything has happened in this country to stem the power of the banks in fact quite the opposite they've got away with it they've got away with one of the big his kind of financial crimes in human history london is now one of the three command centers of the global economy that wouldn't have been possible without the city of london germany's a much more powerful economy than the british economy but they haven't got any
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pockets of undemocratic nepotistic rule which is untouched by the german government lord glasman morris glassman you know has long argued for for the rest of london the whole of london to be incorporated the city of london has always resisted expansion to allow the rest of london to be part of it so we right now and people living in london are actually living in the city of london you call the city of an . some corporation and undemocratic pocket within london as a whole other any other borrowers in the u.k. that are this similar type of exception to the general rule you know there's nothing like the corporation of london i don't think anywhere in the world i mean there are some anomalies we know of like the vatican and so on but they're very very distinct and we know about them the whole point of the corporation of london is people don't know about it people don't know what it does they don't know about its role as the financial crisis continues the media is increasingly hungry and
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searching for people to pin the blame on for the country's woes do you think that villainize in the city of london corporation conveniently fits into that quite fashionable anti banking narrative. i think again it's not really vilifying it's saying look there are some really good structures in the corporation of london and some very good ones but they've been subverted and i think when you've got an institution that's been taken over by particular interests whether it's finance or football you know if football runs the country that's probably a problem too and i think that if we shy away from asking questions about these institutions if we shy away from trying to shine a light on them then we're doing a disservice not just to ourselves but to the rest of the country and indeed the world i think the whole point of living in a system that's supposed to be democratic is that we're supposed to be able to shine a light anywhere and the more we hear that it's a form of bullying or
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a form of unfair attention the more we're probably doing the right thing what's their response to the film then like i know that you recently had a screening in the house of commons. the response was fantastic and in parliament certainly that was hosted by john mcdonnell and lots of sort of activists and journalists and from from here and abroad turned up and you know they gave us their feedback in the session and and a lot of it was wow just because they did i've never known about this stuff you know sort of eminent people professors and doctors who have never heard of the role of delivery companies have never heard of the role of thomas gresham setting up global financial capitalism so i think just exposing that historical fact was very well received but also the eventual consolidation of the power of finance as an explanation for how we got to the current situation today i think to hear
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a priest explaining how the corporation of london a set up or a religion of consumerism that in some respects can explain elements of the last years riots it's positioned lots of different discourses lots of different ideas in relation to this. and historical explanation and i think people really appreciated that a lot of people were asking what do we do that and why how do we you know how do we change it and i think that's good to have that kind of response so here you go to if you want to change yet there are various groups the grew up with the occupy movement actually in around that there's one organization called reclaim the city that's been trying to strategize at the moment and try to kind of. reclaim that portion of london for the rest of london and the country as a whole to to drag it into the democratic system i know there are a number of people looking at running for election again to the city of london corporation and they're going to try to make some changes from the inside but it
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requires you know the media the press to start paying attention to this not just to have finance stories on the back page shoved the way for business people to read these things are relevant to our lives if you know the sun newspapers got a number of readers who have lost their jobs they need to start thinking about why those people have lost their jobs and how the economy is dominated by finance and tell this story to their readers because that change will benefit them. thank you very much thank you. gold fever. turnstyles it's good to see late my son but also my brother is involved in something and since i started working at the moment i stay here
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a little bit. more to nationals. to be milked dry and it's my think that in this country gold medal logie has an environmental cost which is an acceptable local business was labeled illegal and controlled by criminals people in order to protect our lives our families and to work in peace. we are forced to pay protection to illegal groups what rice is colombia going to pay. to the. effect on r.t. . live live. live.
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