report. into business with me to me russia's richest all battling it out in london courts again billion as letting up outside in on a continuing that tug of war over north nicole and an arbitration case where more than a billion dollars. reports from the british capital. it's a clash of russian. but this case it's unlikely to be. which one told them months in the sun london law is at least a million pounds in fees this time it's two more billion paternity and. worth fourteen and a half billion and eight point eight billion dollars respectively according to forbes magazine. nickel the world's largest nickel and played and he's doing holder for time 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 to 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 the head and bringing in fellow tycoon roman abram

occasion you have been unsuccessful. surf city london russia says drawing up a list of american officials it considers guilty of human rights abuses it is in response to the so-called magnitsky list of banned russians approved by washington lawmakers this week the blacklist was named after the lawyer who died in russian police custody in two thousand and nine us blames moscow for its death but journalist darbar says the spat exposes american hypocrisy. russian foreign minister should respond to such an obvious insult where the united states probably the preeminent violator of human rights at this point in terms of scale magnitude and depth pointing its finger at anyone certainly the person who's having their finger that finger in their face should reply point out you have no standing to accuse us of anything and stand up for themselves canada has been voting and acting in concert with the united states for the last few years now if you look at the votes on israel for example you'll find the united states canada and you know like some small rock in the middle of the pacific voting on one s

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. 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 d

feeding the whales of course is quite in contrast with what we saw here in london the london whale scandal here you have a guy who's called the london whale jamie. diamond was out there like some episode from flipper throwing a little minnows into his gullet saying here london whale commit massive securities fraud jamie diamond another massive serial securities fraud service is known as one thousand one it's you lie to any federal official any and the hundreds and hundreds and hundreds of people across america every single year are caught in this trap mostly unknowingly they accidentally had didn't know this person was a federal regulator and just a simple little lie about where their home was their water hoses is going it rather you know so they get caught in this lot while i have a story here that i want to show you that here's the too big to fail banks are too big to fail all across america and they've been caught lying in this next headline this next story i have to cover max mortgage crisis presents a new reckoning to banks regulators prosecutors investors in a series of file

london, a bastion of academic formalism. but he found his real inspiration on the other side of london at the british museum. he visited twice a week for years, drawing objects from the museum's vast ethnographic collection, and drawing inspiration from them that would hava lifelong impact on his work. (henry morre) primitive art makes a straightforward statement. its primary concern is with the elemental and its simplicity comes from a direct and strong feeling, which is very different from being simple for the sake of being simple, which only leads to emptiness. (narrator) moore's student work wasn't always well-received. one royal college professor declared: "this student is feeding on garbage." the student was unapologetic and went to paris in 1922 to experience modern painting and sculpture firsthand. he was thunderstruck by the monumentality of the figures in czanne's bathers. "the figures," he said, "appeared to be sliced out of mountain rock." two years later moore graduated and joined the royal college sculpture faculty, a post that gave him three days a week for his own work. an

-awaited pregnancy in decades. we're live in london. >>> and later in "the pulse," it's a bride's dream come true. and now, it can happen. getting hitched at denny's. >>> and good morning, everybody. we do begin with that breaking news, what could be a pretty serious escalation in tensions between the u.s. and iran. >> it centers, this morning, a report, that the iranians have captured an unmanned american drone. for the very latest, we're joined from london by abc's nick schifrin. good morning, nick. >> reporter: good morning, rob. good morning, paula. we have no comment on this from the u.s. but the iranians claim they brought down what's known as a scan eagle drone, after it violated iranian air space. it's right now in an iranian studio. it's a small surveillance drone. u.s. navy captains used them to watch their own ships. this is not an armed drone. if the iranians brought it down, the u.s. will see that as a very aggressive action. last month, the iranians tried to shoot down a u.s. drone in the same place. almost exactly a year ago, the iranians brought down a high-tech dr

city of london back in the eighty's margaret thatcher said there is no alternative to this black hole of debt essentially we must turn over everything to the financial sector remember that tina think she used to say you know they george osborne doesn't want to say tina does it there is no alternative so there is no plan b. we don't know if you really mean that you're doing you're channeling fats you're you know we know that's all about. exactly when they say there is no plan b. what they mean is do you not do you now there's no alternative because that's all we know this is how we've been indoctrinated so there's no going back they say yeah it is black all that bro west wing i meant. this is what's happening to this is where i was two years ago and now this is the this year and you see it's growing like this this is once in devouring the global economy this is what's killing a global economy as we know it is that this black hole of debt flowing through the financial year just their opposition is getting bigger every year you say the list of problems. well it is true because the m

mention that intellectual flyaway is supposed to be coming over to london soon where he will face a serious grilling from somebody who actually knows what they're talking about not those halfwits on c n b c s c o n for you so according to the austrian court of auditor's now they're going to actually have to audit the gold reserves of austria held in london and it says the quote says. but to date it has left open whether this will include the physical gold holdings. yeah this is really running into a conundrum isn't it because for decades the central banks have gotten away with holding up a representation of a theoretical value in a vacuum pertaining to astronomical astrophysical quantitative analysis of what gold might look like under certain conditions without the actual gold. other central banks being asked where's the gold and in the case of gordon brown of course he was forced to sell four hundred tonnes of britain's goal to satisfy demand from none other than germany so gordon brown had to sell sixty percent of britain's gold back in two thousand and one just satisfy germany's

blown up. london real estate a prime example the equities markets a prime example you've got people you've had for the past twelve. to thirteen years is global g.d.p. increasing at between three and four percent and you've had debt increasing between eleven and fourteen percent so basically the world has been living off of debt you can't spend three times more than you make it's just not a sustainable formula now there's some nomenclature involved here that seems to be mis years to inflation deflation two words that are remarkably misuse because you just described a situation of low interest rates jacking up asset prices in a way that people feel when they go and buy gas or they see it when they're buying food and they would normally equate that to being inflation however the central banks are saying they're fighting deflation so either those words are meaningless or the theory behind them is corrupt or we're living in an upside down world. where there is no basis an area that makes any sense at all i think that it's an interesting concept inflation and deflation and when you come u

water wars i'm joined by tony allen in london he is a professor of geography at the school of oriental and african studies and author of the recent book the middle east water question hydro politics and the global economy also in london we have donnish mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael cohen he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london if you like the term water wars because it's used a lot in media. it sounds good because it's illiterate served want to wars but in fact it misleads people into thinking that you can run out of water whatever that means you then automatically reach for a kalashnikov and go to war waters we have seen over the past forty years at least war is that when people are a lot of water that is they haven't got enough water to raise the food that they need at home they're not no longer self-sufficient they then reach

american company in fact even thames water which comes out of every single tap in and around london now belongs to an australian company advocates of foreign takeovers say they inject much needed cash into the british economy recently with premier foods not only selling off. pickle selling off. some butter and also closing down some of their home manufacturing and you know it's interesting what's the reaction a great use for investors although it is bleak news just before christmas. as for the workforce two years ago kraft the u.s. food giant swallowed up cad police chocolate it was a hostile takeover they slashed four hundred jobs and moved production to poland in the process but there are those that say that the loss of sweets is the least of britain's problems and the loss of control over ports to in this country and around the world where we have a huge network of of good international ports i think is a very serious matter the loss of control over our airports the loss of control particularly over our energy companies which means decisions about our energy could control and sup

romney's disastrous overseas trip to london, suggesting that the brits weren't up to hosting the olympics. next, it was the uproar when the white house went to war with the catholic bishops by insisting religious organizations cover employees for contraception and barack obama's frozen performance in the first debate? >> i'm going with london. i was there at the time and it was not only the worst moment for mitt romney but the best moment for boris johnson, the mayor of london, when he came out with that fantastic line, "i hear there's some guy named mitt romney." >> i think it was the olympics, too, because it knocked 10 or 12 days out of his campaign, no one in his campaign wanted to go and he went for a show horse. >> he didn't watch the show horse. >> that would have killed his campaign early. if he had gone for greco-roman wrestling. >> why did the show horse hurt? >> it's a high-end, rich people sport. chris: and he had a horse in the race. >> i think that foreign trip was pretty bad, too, but not just because of london because after he left london he went to jerusalem and

opponents. and the web site which reveals just how heavily london was bombed in world war ii. thank you for joining us. heavily-armed police have evacuated a church where mourners had gathered in at the wake of the u.s. school shooting. president barack obama is preparing to travel to midtown -- to newtown to console the families of the victims that include 20 children. john, what do we actually know right now about this threat? >> i am not sure that i would make all that much of it. i am afraid to say that bomb threats are a way of life in this country when there is a major and national story on. people tend to take it upon themselves to do this kind of thing. nonetheless, this is the catholic church behind me and there was a service going on on sunday morning when the world's media count out outside, including al jazeera english, so people running out looking quite frightened. we're told there was a bomb threat. we have pictures of this. you can see from these pictures the police and military turning up in serious-looking vehicles and sealing off the church and they are still presentl

austria's national gold is in london and explain that the bank has earned three hundred million euros in the past decade with gold leasing operations after an expert commented that this suggested that a large part of the gold was leased out the bank leaked that currently only sixteen percent of the reserves are affected the bank gave no explanation for the relatively high income from gold lending well well well get scores again bill murphy and chris low are there of course simple math will tell you that if you're leasing that quantity at that rate for that period of time you end up with a certain number which is unimpeachable and it points the finger at the austrian central bank as being inveterate liars to get out is going to have leverage it rightfully should now. gold leasing is what they do to in order to suppress the price this is part of the conspiracy theory that central banks manipulate our perception of the value of gold and therefore the value of their fee up ponzi schemes and so here they're trying to convince the population who is now dubious and questioning whether or not th

. instead a song remains a political refugee at ecuador's london embassy where he's been granted asylum he continues to fight extradition to sweden over alleged sex crimes charges that he says are politically motivated and tied to his work in leaking international government secrets. the power of people speaking up and resisting together terrify corrupt and democratic power so much so that ordinary people here in the west and the enemy of governments an enemy to be watched and intimate to be can fall and to be impoverished true democracy is not the white house. true democracy is not camera true democracy is the resistance of people with the truth against lies from the right here in london everyday ordinary people teach us that democracy is free speech and just sent. from heretics to hero american whistleblower bradley manning finally free. nations agree to end iraq of remote controlled. egypt's arab spring sees democracy defeated hardline islamist. the reality on the ground was anything but gyptian president mohamed morsi is fouled like power grab unleashed fury and frenzied stre

allowing for an enormous slush fund to be created with the city of london and global bankers to high toxic debts the theory being that well someday when the economy starts to grow again will mean this debt back into the economy and nobody will notice but the economy's not growing so the black hole of debt is getting bigger and there's and here's here's the rub stacey is that the low interest rates that the central bankers claim they are forced to implement due to what they call deflation is causing deflation ok quantitative easing and zero interest rate policies do not fight deflation they cause deflation ok that's what these. bankers don't understand they only have these they have the sound of one hand clapping they don't understand the economy they don't understand that they are causing deflation and simultaneously causing the biggest bond bubble in three hundred years in the country of britain now turning a three hundred year high they are therefore the black call is only going to get going going to get bigger the article goes on to point out the markets have lost confidence in the bank

baitsabilities. man was killed blocks from jack london square on third street. they say the shooter pulled the trigger and hopped in a vehicle and drove off. they are searching surveillance video trying to identify the person responsible. >> police and security patrols are being expanded in oakland and other east bay communities. it's helped by an crease in burglaries and other crimes. >> reporter: this is small shopping center that sits oh oakland hills and has seen an increase in crime. >> we had break-ins and robberies and even robberies people that took purses. >> they will patrol the area in an effort to help the oakland police department. the company will respond to calls from existing customers as well as any other merchant. monitored clare resident says more security is needed. >> we have been seeing seen a lot more home invasions and burglaries. anything that can help control it i'm for it. >> there be increased patrols including piedmont shopping districts private security firms like bay alarm. david owns camera shop and member of merchant association. he doesn't think its deterrent

vargas right here. and there is lara, standing by in london with all the latest on the big baby news. we have a lot to go to on that. >>> also at home, new developments in the tax showdown in washington. a deal has to get done by january 1st or everyone's taxes will go up. we'll talk about what it will take to get negotiations back on track. >> republicans had their proposal yesterday. we'll see what the reaction is. >>> also, take a look at this video. is this the real-life grinch who stole christmas. the man caught on camera stealing christmas decorations. letting the air out of the whole thing. we'll get more on that in just a moment. >>> also, jessica biel here live. what's life like right now being married to justin timberlake. also, a new movie, on the way, "playing for keeps." so much to talk to her about today. >> that is coming up. >>> let's go to lara, live, all morning long, at buckingham palace with the latest details on the royal baby. good morning, lara. >> good morning, george. what a joy to be here on this day of celebration here in england. folks cheering and giving

must say that when i was going to london, i loved that. the inspiration, through the air, to everything. at the same time, i was fascinated. because i was not part of that. but as a voyeur that i am, i wanted to see them. i'm fascinated. i love them. i love the work of westwood. so i love their work because they did something, but they saw something that was happening, rebellion tight, and that mix of conservative with the art still. i love that, so it has influenced me. for example, in london, i saw a black trench coat, and in the front, you say black is not for children. black is bad, and everything like that that is ridiculous, so i told them. i must say that one for me was a learning experience. i love it. >> london has changed, as every city has. you certainly will not have any of those bankers wearing bowler hats and numberless. more to the point, london out is tremendously diverse. paris is becoming in admitting that it is more a diversity, and there's a little line for me quite hidden away the says i'm very much a parisian or i'm interested in parisian women, but not

london because they're saying there's a cap on housing benefit so they're they're being exiled from london in san francisco we're seeing people put into containers as well they're two hundred twenty square feet apartments i've been given approval these are little containers so of course we have to go to the artist taxi driver to find out what he thinks about this austerity budget from george osborne george should be arrested he should be arrested for misappropriation of public seat not like this but one program sixty five thousand pounds per job dependent welfare is going now not going down and they keep cutting benefits because. public money. sixty grand son for no income private pokies while the people who profit from not us i'm playing sax. and put in a point of profits off shore accounts it's no recession it's a robbery the chances are he's saying they've caught some one civil cannot. even be found we're going to have to try even no no i have benito sucky. sucky you know lying so people and. the whole list of the sonny bono single mums do you know jelly donuts must pay says geor

london real estate trade now in twenty thirteen year suggesting you're predicting that we're going to see a big fall in london property prices again being in the wrong side of this trade for a number of years has been wrong but you say now is the time to go short possibly london real estate well unfortunately there's no avenue that you can short when the real estate but i would advise not being involved in london real estate i think there's going to be problems with the currency so you can lose several ways on the trade. if sterling goes down against everything else then your investment value is going to go down of the property that you purchase there's a fundamental disconnect here between income levels and property prices which to to go back to the beginning of history you'll see that there's always been a correlation between income and property values in the last twelve years there's a disconnect in london in prices have gone up over five hundred percent now if i slept through an industrial revolution or something you know i don't know but i think the banks have been lending irresp