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Sep 23, 2010
09/10
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what will we be saying about greece three years from now? >> grease is a country thatfailure, and has now become an economic miracle. that may sound -- that may sound difficult, but we put our sights very high, and we'll be able to show the world, as we've shown these last few months, we can make the toughest of decisions when we want to, and change our country to the better. >> jeff: here are the stories in tonight's n.b.r. newswheel: stocks stumbled today. the dow fell 21 points, the nasdaq lost almost 15 and the s&p 500 was down five. a split decision on trading volume-- it moved lower on the big board and rose slightly on the nasdaq. home prices fell for a second straight month in july, down 0.5% from june. the federal housing finance agency says that's the lowest level in half a decade. gold continued its record run, hitting an intraday high of $1,298 an ounce. it closed a bit lower at $1,292. more about gold in tonight's "market focus." more departures from the obama administration. assistant treasury secretary herb allison is resignin
what will we be saying about greece three years from now? >> grease is a country thatfailure, and has now become an economic miracle. that may sound -- that may sound difficult, but we put our sights very high, and we'll be able to show the world, as we've shown these last few months, we can make the toughest of decisions when we want to, and change our country to the better. >> jeff: here are the stories in tonight's n.b.r. newswheel: stocks stumbled today. the dow fell 21 points,...
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Sep 14, 2010
09/10
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>>could golf help greece out of its financial hole? the country may only have 6 courses at the moment, but is looking to drive development forward. >>and the new schemes in london aiming to get the city cycling >>on your bike... and the rest in just a moment on world business... >>abirached: london has never been regarded as one of the world's great cycling cities, but today the uk capital appears to be in the grip of a trend towards two-wheeled transport. it's down to a combination of factors including a change in attitudes, public policy and even the male midlife crisis.and the sums of money being spent suggest this burgeoning bicycle boom is only just beginning to gather momentum. >>reporter: in london, a rolling revolution is underway...a two wheeled love-in led by coffee trading grease monkeys like this....and sophisticated cycle clothing companies like this... >>mottram: it's part gallery. part shop. part meeting place. it's a meeting place for people who are interested in road racing. so it's quite specific. it's a club but you
>>could golf help greece out of its financial hole? the country may only have 6 courses at the moment, but is looking to drive development forward. >>and the new schemes in london aiming to get the city cycling >>on your bike... and the rest in just a moment on world business... >>abirached: london has never been regarded as one of the world's great cycling cities, but today the uk capital appears to be in the grip of a trend towards two-wheeled transport. it's down to a...
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ject to these matches greece italy spain ireland. england. portugal they're all they've all adopted what's called fiscal consolidation policies they have all said that they're going to have their spending in the next over the next four or five years to balance their budgets and i think that's going to have a very bad effect because i think it's going to slow down the growth of a recovery will slow down the recovery it might even lead to a double double dip recession as it's called so you actually go down again so they're very dangerous times for the world economy over the next six months the german finance minister suggests introducing a european monetary font is this necessary is this a necessary edition to the current system i think it would help yes i think that's the one good suggestion that's actually emerged from the crisis i think most of the suggestions have been terrible but this is a good one. because it mobilizes some resources that can be brought to help we countries in an emergency it's rather like your original version of the i.
ject to these matches greece italy spain ireland. england. portugal they're all they've all adopted what's called fiscal consolidation policies they have all said that they're going to have their spending in the next over the next four or five years to balance their budgets and i think that's going to have a very bad effect because i think it's going to slow down the growth of a recovery will slow down the recovery it might even lead to a double double dip recession as it's called so you...
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only ones to suffer in greece were the banks because they were fully rescued. but i want to it doesn't look like the end of the year is there even though all this trouble is going on there are countries still looking to join i'm thinking of it's tonia which celebration of joining the euro just a couple of weeks ago and will take up its membership in january essentially throwing its economic lot in with these countries that are in so much trouble at the moment the lower we've seen the thousands are demonstrating in brussels but that's not the only protest against austerity measures today is it. happening in other european countries all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strikes occurred and this is the first general strike in spain since two thousand and two and it marks a split really between the unions and the socialist government which have also always been quite cozy previously and that's because spain now has an unemployment rate of twenty percent we've seen transport workers go out on st
only ones to suffer in greece were the banks because they were fully rescued. but i want to it doesn't look like the end of the year is there even though all this trouble is going on there are countries still looking to join i'm thinking of it's tonia which celebration of joining the euro just a couple of weeks ago and will take up its membership in january essentially throwing its economic lot in with these countries that are in so much trouble at the moment the lower we've seen the thousands...
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only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strike to cloud and this is the first general strike in spain since two thousand and two and it marks a split really between the unions and the socialist government which have also been always been quite cozy previously and that's because spain now has an unemployment rate of twenty percent so we seem transport workers go out on strike so nobody can get to work they're just wasting aimlessly at bus stops in the metro newspapers prepared for it by going on strike when she's day so there's no wednesday edition being published in a quite a damning. notice to the government refuse to workers have gone out on strike so no rubbish is being collected nearly one hundred percent of steel workers have walked out and the car industry in spain is almost ground to a halt in dublin there's been a demonstration there is a demonstration going on. now and t
only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strike to cloud and this is the first general strike in spain since two thousand and two and it marks a split really between the unions and the socialist government which have also been always been quite cozy previously and that's because spain now...
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other one so didn't suffer in greece with the banks because so wilfully rescued so that's to me is a deal that is not quiet equitable interesting a greek unions on taking part in wednesday's demonstrations even those sales taxes being raised to twenty three percent attempt to pay off one hundred ten billion euros from the e.u. and the i.m.f. but look theo will be processed saying it's nineteen percent unemployment rates and spain's unions will be out on the street spicing their government's plans to save fifty billion euros over the next four years by slashing public sector jobs and pensions and despite all this new countries are still striving to join the euro zone a stone is the latest recruit and will join in january throwing its economic fortunes in with countries struggling to avoid collapse in may riots in greece resulted in the deaths of three people and while everyone will be hoping nothing like that happens again it's clear that political unrest in europe is far from over . reporting there from london and coming up in the program here in r.t.e. . stay with us to find out wha
other one so didn't suffer in greece with the banks because so wilfully rescued so that's to me is a deal that is not quiet equitable interesting a greek unions on taking part in wednesday's demonstrations even those sales taxes being raised to twenty three percent attempt to pay off one hundred ten billion euros from the e.u. and the i.m.f. but look theo will be processed saying it's nineteen percent unemployment rates and spain's unions will be out on the street spicing their government's...
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they also have to consider the consequences for greece another week come trees will have consequences for them i mean if if if they cut down on government spending in the mediterranean countries that will mean less demand for german exports and so it will impact them it's not just consequences for the for the weak countries it's consequences for everyone so i think they have to be very very careful in wanting greece to pay the price of its extravagance because. paying that price the germans will also have to pay a price they're the strongest country in the your opinion and from so as well and what other countries which could be potentially subject to these matches greece italy spain ireland. england. portugal they're all they've all adopted what's called fiscal consolidation policies they've all said that they're going to have their spending in the next over the next four or five years to balance their budgets again and i think that's going to have a very bad effect because i think it's going to slow down the growth of a recovery will slow down the recovery it might even lead to a dou
they also have to consider the consequences for greece another week come trees will have consequences for them i mean if if if they cut down on government spending in the mediterranean countries that will mean less demand for german exports and so it will impact them it's not just consequences for the for the weak countries it's consequences for everyone so i think they have to be very very careful in wanting greece to pay the price of its extravagance because. paying that price the germans...
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the only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strikes occurred and this is the first general strike in spain since two thousand and two and it mocks the split really between the unions and the socialist government which of course is always been quite cozy previously and that's because they now has an unemployment rate of twenty percent we seem transport workers go out on strike so nobody can get to work they're just wasting aimlessly at bus stops in the metro workers going out on strike so no rubbish has been collected nearly one hundred percent of steel workers it will doubt and the car industry in spain is almost ground to a halt in dublin there's been a demonstration there is a demonstration going on now and that's been particularly timed to coincide with the members of the irish parliament coming back from their summer recess to start work again economic figures from ireland
the only ones that didn't suffer in greece were the banks because they were fully rescued so that's to me is a deal that is not quiet equitable all over europe really we've seen quite extraordinary scenes from spain as well where there's been a general strikes occurred and this is the first general strike in spain since two thousand and two and it mocks the split really between the unions and the socialist government which of course is always been quite cozy previously and that's because they...
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didn't suffer and greece with the banks because. so that's to me is a deal that is not quiet equitable theo will be protesting its nineteen percent unemployment rates and spain's unions will be out on the streets by saying their government's plans to save fifty billion euros over the next four years by slashing public sector jobs and pensions despite foolish new countries are still striving to join the stone is the latest recruit it will join in january throwing its economic fortunes in with countries struggling to avoid collapse in may riots in greece resulted in the deaths of three people and while everyone to be hoping nothing like that happens again it's clear that political unrest in europe is far from over. how correspondent laura amma there and coming up in the program the pentagon destroys a war memoirs of a former army officer in ghana stan. and in india thousands of farmers are taking against government plans to build a new road on their own land. before that kyrgyzstan is gearing up for a general election in the hope of r
didn't suffer and greece with the banks because. so that's to me is a deal that is not quiet equitable theo will be protesting its nineteen percent unemployment rates and spain's unions will be out on the streets by saying their government's plans to save fifty billion euros over the next four years by slashing public sector jobs and pensions despite foolish new countries are still striving to join the stone is the latest recruit it will join in january throwing its economic fortunes in with...
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Sep 15, 2010
09/10
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the unions over in greece, the communists over in greece and anarchists are taking it to the street and uniting at one. now, the unions in the u.k. have also posted to get out in the streets. here in america, you've seen sciu in over 200 progressive organizations planning a march on october 2nd, 2010. i believe that will be peaceful. but what happens to this coalition a year from now when the cuts take place? the democratic party you see today and may even belong to is not the democratic party of your parent's generation. the democrats allowed themselves to be infected with the tree of revolution. these people. acorn, sds. bell ayers, piven, these people are danger to the republic. they are radicals seeking to split from the views and ideas of our founding father and our constitution. in an interview with tbs about the socialist scholars conference, francis fox piven was asked, what does socialism mean to you, what is its future. here is her answer, quote, socialism is a broad tradition and has many, many meanings. so if you were asked to ask me what are the core values in this traditio
the unions over in greece, the communists over in greece and anarchists are taking it to the street and uniting at one. now, the unions in the u.k. have also posted to get out in the streets. here in america, you've seen sciu in over 200 progressive organizations planning a march on october 2nd, 2010. i believe that will be peaceful. but what happens to this coalition a year from now when the cuts take place? the democratic party you see today and may even belong to is not the democratic party...
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in the spring indebted nations such as greece portugal and spain it drive the eurozone into the abyss it was only a seven hundred fifty billion euro bailout package the maintain the shaky balance but many experts still believe what we witnessed is the beginning of the end. in berlin this weekend a group of economists currency experts and former european central bankers a gathering to discuss the fate of the euro their view it won't survive it won't collapse today it probably won't be tomorrow but one day in the not too distant future the sixteen country eurozone will fall apart according to those gathered in berlin this weekend and where better to hold a conference like this of all the economies in the eurozone germany has paid the heaviest price for the economic mismanagement of the countries that have come to be known as the pigs portugal italy ireland greece and spain forced to do some things to rescue those economies the e.u. and the i.m.f. set up a seven hundred fifty billion euro emergency fund one hundred ten billion euros has been lent to greece and there's some speculation in
in the spring indebted nations such as greece portugal and spain it drive the eurozone into the abyss it was only a seven hundred fifty billion euro bailout package the maintain the shaky balance but many experts still believe what we witnessed is the beginning of the end. in berlin this weekend a group of economists currency experts and former european central bankers a gathering to discuss the fate of the euro their view it won't survive it won't collapse today it probably won't be tomorrow...
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independence party says more on the rest is coming situation in portugal possibly worse in greece. so i mean don't think that because we had a relatively quiet summer that these things have gone away plus between now and christmas the greeks have to roll over a huge amount of their own government that this has not gone away the basic fundamental problem that these countries are not suited to being in the same monetary union hasn't gone away it will come back it'll be argued here this weekend that the whole idea of the euro is fundamentally flawed it's attempted to cobble together an economic union for political reasons the economies that unite stiffer in competitiveness have no shared labor markets and some haven't stuck to rules on fiscal policy that were agreed on entry to the eurozone therefore according to some economists it's impossible to have a common monetary policy but despite the last year's upset in the euro zone new and more diverse countries keep on joining weakening economic paris even further estonia is the newest recruit will join in january what's the fate of the e
independence party says more on the rest is coming situation in portugal possibly worse in greece. so i mean don't think that because we had a relatively quiet summer that these things have gone away plus between now and christmas the greeks have to roll over a huge amount of their own government that this has not gone away the basic fundamental problem that these countries are not suited to being in the same monetary union hasn't gone away it will come back it'll be argued here this weekend...
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Sep 3, 2010
09/10
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also in greece too athens coming in at 32. a little bit of summer heat lingers today. all right. so that is a look at your weather for now. and here is your three-day outlook. ♪ ♪ ♪ ♪ >>> that concludes this edition of "newsline." thanks for joining us. i'm catherine kobayashi in tokyo. we'll be back at the top of the next hour.
also in greece too athens coming in at 32. a little bit of summer heat lingers today. all right. so that is a look at your weather for now. and here is your three-day outlook. ♪ ♪ ♪ ♪ >>> that concludes this edition of "newsline." thanks for joining us. i'm catherine kobayashi in tokyo. we'll be back at the top of the next hour.
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hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or possibly. get smaller but to have a monetary union not sixteen or seventeen members but only eight but. follows that all of this would be an option the whole experiment of union in my view which was not the union but concubinage sixteen countries shared one currency which is a nonsense political as well as in economic terms so experimental will be stopped there would go to come back to a national currency so germany to its ago its mark and why not the choice mark there wasn't a particularly strong currency was it in there in the ten or twenty years leading up to the euro how do you think they would have performed during the financial crisis. in case. countries are coming back to national currency and germany smart said they would have a clear cut split in your between countries deeply. appreciating and germany seeing given his high surpluses and crown the current. appreciating. currency is not the damage but it is a rea
hard currency and what effect do you foresee for the rest of the year in saying if countries like greece and spain and possibly italy were forced to pull out. too soon or possibly. get smaller but to have a monetary union not sixteen or seventeen members but only eight but. follows that all of this would be an option the whole experiment of union in my view which was not the union but concubinage sixteen countries shared one currency which is a nonsense political as well as in economic terms so...
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governments spent particularly the countries that we're now calling the pigs portugal italy ireland greece and spain in much the same way that we as ordinary people spend so now they have to borrow money they have to save money to pay that money back and how they're proposing to do that is by cutting pay they're going to raise the retirement age in some cases in some cases they're even cutting pension payments and they're slashing jobs in the public sector things that affect working people essentially and that in an effort. to restore a bit of budget to just men and restore confidence in the euro as a currency but people are saying it's not awful that the government spends the bankers. taxpayers' state money had to be used to belize banks out so ordinary people shouldn't be the ones who have to suffer also there's a sort of. an academic argument going on which says these these protests this is a saying that actually cuts in danger. looks to be a fragile recovery and some of the economies in europe they're arguing that actually a better way to go would be tax increases on hiring come groups
governments spent particularly the countries that we're now calling the pigs portugal italy ireland greece and spain in much the same way that we as ordinary people spend so now they have to borrow money they have to save money to pay that money back and how they're proposing to do that is by cutting pay they're going to raise the retirement age in some cases in some cases they're even cutting pension payments and they're slashing jobs in the public sector things that affect working people...
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help greece it. make. very angry. text me and one more question you've put together numerous publications on the eurozone in the economic crisis one of which is called you're a crash greece is just the beginning but in fact since the greek bailout european economies including the german economy has been doing much better having a. dream because. portugal. stability ok you're going to us thank you very much thank you i'll be here throughout the day here on saturday and i'll be talking to various economists currency experts as the day goes on to see if we can predict what the face of the euro is dr wilhelm hankel is one of the currency experts who filed a lawsuit in the german constitutional court against the greek bailout now he says it breaks the basis of monetary union. twenty four. european community. is completely forbidden from the very simple reason a country which can cause. not for. monetary disagreeing. must be fulfilled. our website has plenty more for you to explore and here is what's trending right now what
help greece it. make. very angry. text me and one more question you've put together numerous publications on the eurozone in the economic crisis one of which is called you're a crash greece is just the beginning but in fact since the greek bailout european economies including the german economy has been doing much better having a. dream because. portugal. stability ok you're going to us thank you very much thank you i'll be here throughout the day here on saturday and i'll be talking to various...
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worsening in greece and. portugal. which are threatening stability ok you're going to us thank you very much thank you i'll be here throughout the day here on saturday and i'll be talking to various economists currency experts as the day goes on to see if we can predict what the face of the euro is i'll tune in to this sunday when we'll be running an interview with dr will help her uncle he's one of the currency experts who filed a lawsuit in the german constitutional court against the greek bailout now he says it breaks the basis of wanted terry union. for the european community. is completely forbidden from a very simple reason a country which can cause to be bailed out not for no. monetary gain. must be fulfilled. indians have for years made up one of the largest in the immigrant groups in the us with highly qualified to commissions and programmers boosting innovation but now a new migration is underway as hopes for a better living and greater job opportunities are driving many back home preassure or reports. ten ye
worsening in greece and. portugal. which are threatening stability ok you're going to us thank you very much thank you i'll be here throughout the day here on saturday and i'll be talking to various economists currency experts as the day goes on to see if we can predict what the face of the euro is i'll tune in to this sunday when we'll be running an interview with dr will help her uncle he's one of the currency experts who filed a lawsuit in the german constitutional court against the greek...
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in spring indebted nations such as greece portugal and spain nearly drive the eurozone into the abyss it was only a seven hundred fifty billion year a bailout package that maintained the shaky balance but many experts still believe what we've witnessed is the beginning of the end will some of them have gathered in berlin from where all. joins us. a lot of negativity towards the single european currency but do they really think that the year i do. well yes on this i'd say they do have the people who are gathered here today or a group of economists currency experts some of the full currency experts in germany and also former european central bank has and certainly what they're positing this weekend is that the euro will collapse essentially what they're going to argue here over the course of today is that the euro is inherently flawed as annoyed dia and that it has also officially brought together sixteen seventeen with a stone you know which will join the euro in january economies which fundamentally have nothing in common and the objective at the end is to are to agree a set of a set
in spring indebted nations such as greece portugal and spain nearly drive the eurozone into the abyss it was only a seven hundred fifty billion year a bailout package that maintained the shaky balance but many experts still believe what we've witnessed is the beginning of the end will some of them have gathered in berlin from where all. joins us. a lot of negativity towards the single european currency but do they really think that the year i do. well yes on this i'd say they do have the people...