tv [untitled] October 7, 2012 2:30pm-3:00pm EDT
crisis builds could ask you first would you explain to me in layman's terms what the government is doing to mend the economy and why you think it's not working well i don't think they're doing very much to mend the economy i think their policies of made things worse. the sad fact is that the british economy has been shrinking slowly almost for a year now rather like a very slowly leaking balloon and the government of been trying in one or two small ways to give it a bit of a stimulus but i think they're quite new initiatives and it's too early to say how much effect they'll have but in general i don't think they will have very much effect and so i don't think at the moment they're doing anything very much to help because there's an awful lot of talk about prioritizing the economy and it's the main thing that we have to work on but then on the same time you say that not very much has been done at all one thing is that they're blaming everyone but
themselves first of all it was it was the euro crisis then it was the high high commodity rise in commodity prices and so they claim that the policy of a sterile should bring about the recovery but that it's been derailed by these unfortunate acts shocks but the policy of a sterile is basically wrong when there's a lack of private sector demand when banks aren't lending when businesses don't want to borrow when people are cutting down their spending because they want to reduce their debt when the government then adds to that sort of downward pressure on spending then it's no surprise that the economy isn't growing is does that come from an inherent misunderstanding of how economies actually work on the government's part so i do think it comes from a misunderstanding of how economies work you see i think. the coalition came into
office with the belief which was often expressed by george osborne that as soon as asperity was seen to be working as soon as the government committed itself to a credible plan of deficit reduction everything else would perk up be so much confidence that the economy would start growing again but that was wrong because it's real factors not just psychological factors psychological factors are very important but it's the real factors the real market that is available to businessmen that cause them to want to increase. their business and the government was shrinking the market by its policy so it could talk up the economy all it wanted but the policies were pointing in a different direction austerity we now know hits the poor significantly harder than it hits the rates presumably that means that during this recess and the gap between
the rich and the poor why didn't even fire yeah that's that's already happening a real real incomes have been going down because prices have been going up a bit and of course welfare benefits are being slashed. a lot of a lot there are lots of cuts in the public services and the rich are better able to insulate themselves against some of these effects for example house prices in london haven't gone down at all especially in the wealthy areas in fact they may be going up a bit so the world of the wealthy has been well maintained but people who have relied on incomes from wages have been hit and of course there has been since the beginning of the. recession a very big rise in unemployment even more significant perhaps a very big rise in part time employment one of your colleagues an economist called james keene has to do. it is
a scheme that he calls quantities if easing for the public saying that the debt that private individuals have needs to be reduced under the scheme he says that cash should be issued to individuals and those with debt would have to use it to pay that debt down and those without it would have a cash injection and it sounds like a great scheme and do you think it would work that well i've suggested this as well in an article in the new statesman last week yeah that's fine i mean if you put money in that into the hands of the people. and make sure they as you say spend it in one way or another. then i think that gives a boost to the economy because they could increase their spending and therefore set up a demand for shoes and clothes and food and all the things that people spend money on and so that'll be good for business that's i think that's a good idea actually suggested that the government give every household one hundred pound christmas present time limited so they need to do something with it can't
just put it under the bed would that kind of policy be popular people were constantly hearing that there is no money now i think it would be popular i think everyone enjoys getting christmas presents and people really expect them from the government we've seen a europe wide backlash against austerity what do you think prime minister david cameron's chances of being reelected if he continues if this territory continues if there's no change of policy if the measures that are now being proposed small or as ineffective as one thinks they may be then i think his chances of winning the next election a very very small. because i think that there won't be a recovery his best chance of winning an election in two years' time is if there are proper green shoots of recovery and people can see them and they if they're feeling better about the economy they're. feeling better about their prospects here
feeling better go about getting jobs and feeling better about getting more income then i think he'll benefit from that and their have a good chance of winning but i don't think anything like that is going to happen under present policy so i think their chances of losing must be very high it's a keynesian idea that capitalism is a way towards working less and having enough is the current economic crisis as a result of that or is it a sign that we've fallen off the rails well that was a very long run i mean that was a long run idea that keynes had that in the end a successful capitalism should enable people to work less. and enjoy life more and he thought hours of work over time would shrink as real got richer but that assume that we wouldn't fall into these holes that you know the progress would be steady and you wouldn't have any more slumps but we're in we're
in a slump we had the big collapse and at this point the priority is to get as many people back to work as possible and get as much production as you can because that full speed things along speed the road to utopia. so i think you mustn't confuse the short what needs to be done in the short run and our long run prospects one of the things that the railed keynes's theory is this consumerism that we've all fallen under the spell of where we have to work more to buy more to have more are you worried that more crises will follow because of the way we work and because of what we're working for it's a very good question i think we are consumption mad society and in order to go on consuming we have to go on earning money by working and working harder than most people want to and getting into debt and then the whole machine is. driven by
advertising and that does create a problem it means that as technology reduces the number of jobs and yet we all under this impulsion to consume more and what how do we see things developing what should happen is that on the whole we should give up growth as the top priority. and make sure we have enough work sharing so that people can get work but not most people working forty or forty five or fifty hours a week and then another fifteen or twenty percent not working at all or only working very part time we need to sort of distribute work better among among among people who want to work and also make sure there's more leisure so that people can pursue you know pursue things for their own sake do things that interest them. and that's the way forward otherwise we're all sort of treadmill and i
think you're right they'll be more and more crises as a result of it you know drop it's good else can thank. you. if you're passing through rushes to be a region you really can work on the wild side. thousands of kilometers of unspoiled countryside make up an area where it's still possible to live off the land 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 hunters. 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 that successful that kind of. silence which means that i need to be very quiet i'm not going to frighten the. office. but when you've been 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 us 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 a bit of a bumpy ride came an opportunity i just couldn't pass up. this is what i was hoping for when i heard i was coming to a place called wolf island a chance to get close and personal with the locals and it's these guys going to act as pasta parents for the next generation will come here using the old walls 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 mean that wolf island remains a place where visitors can truly understand the cool of the wild. wild . california desert offers an air show and an issue museum was about you. but the residents never profited from the performances you don't see him coming our signature there and you look up and there's one track and i knew he alpha beta gamma he was all the the fine now trying to treat his leg i went out there know
shelling between syria and turkey as fresh violence hits damascus with a car bomb exploding outside police headquarters meanwhile rebels have reportedly captured president also the cousin. italians fury of a mounting cuts descends into clashes thousands of students marched in major cities calling for the government to save schools not banks and now in spain it's civil servants will be launching their jobs. for a new president all maybe it's an old one longstanding socialist leader chavez of faces
a tough challenge. right if you want to know more about tennis or football up next is the latest sports. well i welcome along with two the sports headlines here is what's coming up title guus hiddink and jay remain on top of the russian premier league table with a two no way in that cinema. moving on up reigning world champion sebastian vettel wins the japanese romper a move within a four point seven championship leader fernando alonso. on the china crisis world number one victoria azarenka big to maria sharapova in the china open final in straight sets to play her fifth title of the season. the first football and i'm jay remain on top of the russian premier league table following
a tuna when their nominee because hitting side out to do it the hard way that they were down to ten men early on shall call us was sent off after just nine minutes for this foul on the edge of the box but second half goals from eurasia cough by samuel eto strike secured the way in the dagestan outfit are now unbeaten in twelve more competitions. meanwhile one of the biggest games in the calendar went the way of sas cars they beat city rivals spartak to nail the newsmaking stadium to stay within two points alternate is in second place awkward muso opened the scoring in the fifteenth minute after being set up by chi suki honda the japanese international went on score and doubles as cars in a fifty two minutes and saving the two nil victory their seventh win and well we were very happy about what today's game especially because sparked i guess the biggest day really in russia winning this game is always very important for us.
as a team and for the supporters too so hopefully we can keep doing good and trying to to find the first places. that. sway desire and former champions are being lost to one car one male probably not of it school the only goal of the game in just the third minute with the win the poem side are up to nine in the current standings. elsewhere in russia today the defending champions in a run out to no winners out present all thanks to girls from constantine and defies our lead. over in england manchester united won three newcastle fans to old from patrick several jonny evans and tom cleverley tottenham secured their fourth league win in a row beating aston villa turning over to strike from steven caulker and aaron lennon following the point at southampton following a dramatic two to draw europol and started at an infield. to formula one now reigning champion sebastian vettel has moved to within just four points of fernando alonso in the overall standings after victory at the japanese ground the
german start of the race for position and his red bull was dominant throughout coming home twenty seconds ahead of ferrari's fully playing massa kobayashi of south finished ahead of the mcclaren jeweller jenson button lewis hamilton battles teammate mark webber could only come home night after he lost control of his car at the start of the race however things were much worse for the overall leader from the lungs like he had to retire after this crash on the first law. but this is how the overall standings look now the reigning champion factor is within striking distance of a long as i was the job and look for a third drivers' title in a row a has not let the standing side far this season but is now just four points behind the spaniard with five races left. now to tennis and maria sharapova has been beaten in the final of the china ripen the russian was outclassed by world number one victoria azarenka going down in straight sets it was a poor start for sure up over as
a run to stall digital full of lead in the first set to the bench and take it six three belorussian totally dominant dominant in the second issue just one game. he's in to have a tournament win of two thousand and twelve. meanwhile in the men's competition well the mattoon about joke of it was victorious in how to fight hard to take the first set against frenchman joe wilson tsonga on a tie break but the sob found the girl in much easier in the second taking six two to claim his fourth title of the season. every title is very special and. i haven't lost many matches in vision actually lose a match since i've been coming in beijing. only one at the olympics and three titles now and i love this tournament i love the conditions here. to rugby where new zealand have finished the inaugural rugby championship with six wins from six matches starts after they concluded their campaign with a thirty two sixteen win over south africa having wrapped up the title with
a game to spare no blacks were looking to complete the series with a one hundred percent record but they actually fell behind in soweto pace and bryan habana score for us try after thirty minutes as the host and ten. time dressing down from coach steve hansen changed the complection of the match as the visitors went through the gays in the second period securing their sixty in a row and i'll just one victory away from sesame a new record among test playing nations. now boxing great mike tyson has defended the current heavyweight division and in particular the klitschko brothers the ukrainian jew have dominated the category for the better part of a decade but often criticised for their unspectacular style with some labeling the pair boring i think it's good it's probably are not betraying the way people used to used to like family used to a large drama it's almost like a soap opera you know we were fighting but it's very calm very serene because the champions are that way because it's good to great fight you can't get away from
there you can't blame be everybody in the vision. now if the ice were in the kontinental hockey league spot our moscow thrashed an amen for one on home ice you go mikhail of open for the muscovites in the open period the games effectively done and dusted in the second where the host added three more goals the third period was merely a formality as the men's side pulled one back a consolation for one was the final score. and the other games you layer need a shootout to beat out for three spots at moscow but no problems against another men's the red and white victory for ones you see in seven star wars one the winners are the number rigger ukrainian side donbass but yes lost their homes it is well in the late game of the day that moscow be slower than three two in slovakia. so it has been three weeks since the n.h.l. lockout was announced since then the continental hockey league has gone from strength to strength with the world's brightest stars moving across the ocean and
from phones to. his phone starts on t.v. dot com. wealthy british style holds a. finance scandal find out what's really happening to the global economy. financial headlines to name two kinds of reports. good leverage or. was able to build a new most sophisticated. fortunately. about anything tim's mission to teach music creation and why it should care about humans. this is why you should care only. while.
cali. offers. was a matter you. must have the residents never profit from the performances you'll see of coming all sinners get there when you look up and there's one. alpha beta gamma you. out there know what's going on. right now. shells become income mortal danger and a piece of art still sticks and. making them from pretty. bombs. on our team.