network and suddenly berlusconi ended up owning about ninety five percent of the media scene in italy and with control of the information in italy berlusconi jumped into politics and would you know it ended up being the prime minister of italy and despite the fact that berlusconi has since been accused of everything from tax fraud to false accounting to corruption to bribery to perjury to mafia collusion to eighteen terrorist organizations and most recently to participating in sex parties with underage prostitutes berlusconi is still in power as prime minister he's one of the most corrupt politicians in the world and he has overseen italy's freedom of the press downgraded from free like the rest of europe in the developed world to only partly free italy is one of only two nations in the western world that doesn't have a free press a perilous crony is still in power. because he owns the media and the main difference between silvio berlusconi and rupert murdoch is that murdoch isn't interested in being a politician but the u.s. is. murdoch is interested in political power and when murdo

no but italy is a foreign country to look at it i mean it's kind of berlusconi is a media tycoon he owns ninety percent of the media there he's the murdoch of italy yeah even more than that but this is why you know this ugly old buffoon who runs a country into the ground. and the population seems happy with it because he has lots of breasts on his television shows and in all his media and porn stars that he nominates for it to run the economy and they seem all perfectly happy with that but when the i.m.f. comes and takes their gold i think somebody else is going to have the last laugh they might have had a real fun with this before but. look stacey i think this is incredibly important ken can you stay to hold you over past the break is not ok. i think i can say all right don't go away we'll be right back after this. welcome back to the kaiser and for what stacy herbert you know we were talking about the fraudulent nincompoop berlusconi of the economist magazine in a cover story just recently called the biggest jerk in europe i believe was the headline but to continue please well we're on

along with cuts to the public- sector budgets, the berlusconi government wants to boost revenue. they say privatisation will bring in billions of euros. at the same time, various taxes are to be increased. experts warn that will not stop the crisis. >> as a whole, the austerity package has been defined. but whether it will be enough is hard to say. i have the impressions are not taking a focused look at individual measures. instead, they are examining the credibility of the institutions. >> even before the vote in parliament, union members were demonstrating against the austerity measures. the opposition agrees with their position, saying that families and a modest earners will bear the heaviest burden and there are other ways to save. >> for example, we could cut the number of provinces. we spend billions on the bureaucracy. the numbers could really be reduced. and they could simply eliminate major parks, especially those of politicians and bankers. there is one thing i would like to emphasize, the economic situation in italy may be problematic, but there is no reason to panic.

let me show you the front page of one of the newspapers owned by the prime minister berlusconi. they're on the bow of the titanic as that fated ship sinks. this is in reference to a comment made yesterday saying the situation of the country finds itself in at the moment is akin to the sinking of the titanic and not everyone the first class passengers are safe. >> you can always count on him for a very colorful sound bite. and another metaphor, the iceberg is all that debt under the surface. meanwhile time is running out to raise the u.s. debt ceiling. lawmakers are still at odds. another warning about a possible downgrade of u.s. debt. this time from standard and poors, has raised the stakes even higher with no compromise on either side, the u.s. stands to run out of money on august 2nd. but perhaps there a glimmer of hope on the horizon. we'll take a look at that a little bit later on in the show. >>> so with all of that going on, investors have plenty on their plate this bring. so let's see what's happening on the stock markets. we start in europe where the they're just over a

meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi due to many of the reasons most of which are outside of the direct school reason are well i mean he's a wounded animal at this point in time and in some ways i think that he's going to be finding it very difficult to hold his government together there are big problems in western europe they haven to be more definitely to the east everyone not so fortunately expect further to the prices because the epidemic the contagion seems to be spreading and we have new political leadership seeming to do with. and a rocket carrying a telescope which will be the most powerful in space has launched from the baikonur cosmodrome in kazakhstan. scientists have already nicknamed the three s b the green rocket because it uses kerosene and oxygen as its fuel and is environmentally friendly it will propel into orbit a new generation of space telescope that will see further than any telescope before its ten meters long and will also be capable of registering solar wind quasars black holes and neutron stars.

is the only way male to break the libyan deadlock the moves the splitting the nato coalition silvio berlusconi head of keep italy admits invaded libya was a mistake russia of staying did the un's vote. bombs would bring havoc in libya to play said the latest tools who killed supports the. lloyd lee diplomat sheikh for a blazing row. with elections just annoying months away thought it was the citizens this will war could resurrect his chills this instead one paper writes libya's becoming a slow motion call crash for france's deeply unpopular president. sarkozy's a jogging fan's excessive sweating is understandable as his libyan spring is turning into a marathon the new bush will see paris. in time a french opposition adviser says that nato campaign is moving towards an iraq style scenario with. any conflict which is entering a stone made means that you have to bring the boys on the ground that means we have to have our boys killed on the ground that we were going to have again. and the iraqis scenario it's for sure i mean airstrikes are not sufficient to reach your targets there are no wars in

meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi due to many of the reasons most of which are outside of the direct school reason are well i mean he's a wounded animal at this point in time and in some ways i think that he's going to be finding it very difficult to hold his government it's a big problems in western europe behave them to be more definitely to the east everyone fortunately expect further to the prizes because the epidemic can change and seems to be spreading and we have no political leadership seeming to do with it . take a look at some other stories from around the world tunisian police used tear gas and shout rounds into the air to disperse a crowd torched a police station in the capital the clash followed an incident on friday when security forces fired tear gas to break up a demonstration in a mosque in the city manager reasons remain unhappy with the way interim leaders are ruling the country since january's revolution that ousted president ben ali. if your foreign minister has resigned ahead of a massive reshuff

back to the kaiser report was stacy heard you know we were talking about the but fraudulent don't put berlusconi the economist magazine on a cover story just recently called the biggest jerk in europe i believe was the headline but continue please well we're on the topic of media tycoons who have destroyed democracy certainly in italy and now it turns out destroyed the economy but i want to turn to murdoch everybody's covering the story of course but he is a media tycoon has who has destroyed democracies and economies based on his propaganda and i want to show how this is systemic and systematic the way he is treated by politicians and justice around the world and why we continue to find ourselves in economic collapse all these years later and put it's part of the political collapse first take a look at this picture this is rupert murdoch last weekend arrives in london and meets with rebecca brooks who was the editor of news of the world until two thousand and three and when asked what his top priority was according to the daily mail the eighty year old media mogul gestured to mrs brooks she is

italian appeals court has ordered prime minister silvio berlusconi's holding company to pay five hundred sixty million euros damages to a rival media company over bribery accusations back in one thousand nine hundred one berlusconi's firm then invest paid a bribe to gain control of the biggest publishing company in italy which used to belong to its rival c.i.r. media group the takeover was approved by a judge who was later sentenced for corruption. prime now for russia close up to take you on a journey two thousand kilometers east of moscow. welcome to the core garner region located in southern siberia it's home to the mountains and untouched landscapes but the natural beauty of corrigan is not appealing to many of its residents and entire villages are becoming ghost towns as people move to cities or he's next on a boycott all managed by one place where residents have a good reason to stay. here we are in the village of cast. grand reacher and for the past santa fifteen years its population has been steadily increasing here's the reason why it's monday morning and alexander a former pris

is the only way mail to break the libyan deadlock the moves of splitting the nato coalition silvio berlusconi head of keep italy admits invading libya was a mistake rocher upstream did the us vote for him bombs would bring havoc in libya . said the latest count supports. quote lloyd lee diplomat speak for. all but elections just more in months away saw go advisors said a successful war could resurrect his chances instead one paper writes libya's becoming a slow motion paul crouch for france's deeply unpopular president. is easy jogging for excessive sweating is understandable this is libyan sprint is turning into a model of the new bush you'll see paris. russia's foreign minister was in the u.s. capital this week to get clarification on washington's missile defense agenda america is steaming ahead with deployment of its anti-missile shield in europe despite objections from moscow the u.s. claims the project is aimed at protection against an attack by iran or north korea but russia feels the system could threaten its own national security or moscow has suggested a joint missile defense program

is the only way mail to break the libyan deadlock the moves the splitting the nato coalition silvio berlusconi head of keep italy admits invading libya was a mistake. did the us vote for and bombs would bring havoc in libya. said the latest count supports the love ruffle quote lloyd lee diplomat speak for a blazing row with elections just more in months away sako advisers said a successful war could resurrect his chances instead one paper writes libya's becoming a slow motion call crash for france's deeply unpopular president. because these are jogging excessive sweating is understandable this is libyan spring is turning into a marathon the new bush will see paris. a senior advisor to the afghan president hamid karzai and a member of parliament have been killed during a suicide attack in the capital kabul the incident comes less than a week after a car sized half brother was assassinated the taliban claimed responsibility for the killing describing it as one of its biggest achievements in a decade meanwhile the u.s. led coalition started handing over control of some afghanistan's territories t

is the only way mail to break the libyan deadlock the moves of splitting the nato coalition silvio berlusconi head of keep italy admits invading libya was a mistake rocher up steam did the un's vote warning would bring havoc in libya which said belated support. loire valley diplomats speak for. with elections just more in months away psagot advisor said a successful war could resurrect his chances instead one paper writes libya's becoming a slow motion call crash for france's deeply unpopular president. so these a jogging for excessive sweating is understandable this is libyan spring is turning into a marathon and the new bush will see paris. i twenty minutes past the hour here in the russian capital you are with the weekly time is running out for american politicians to agree on the next move in sorting out its soaring debt the deadline to lift the nation's fourteen point three trillion dollars debt ceiling is looming ever closer as lawmakers struggle to find a compromise president obama is urging democrats and republicans to ignore their differences to avert armageddon leading credit rating

is the only way mail to break the libyan deadlock the moves the splitting the nato coalition silvio berlusconi head of key partners italy admits invading libya was a mistake russia abstained did the u.s. vote. bombs would bring havoc in libya. killed support. for the election is just noise months away so voices that a successful war could resurrect his childe says instead one paper writes libby is becoming a slow motion crutch for the president. so. will this is libyan spring is turning into a. paris. in a few minutes we ask if one death can do america's afghan mission after having his eyes half brothers killed by his own guard party reports and how puts the u.s. on the back foot in tackling the taliban. the clock is ticking for america's rival politicians to agree on the next move and sorting out its soaring debt congress needs to raise a current fourteen point three trillion dollar debt ceiling to avoid defaulting and president obama wants parties to ignore their differences to avert armageddon the leading credit rating agencies are already threatening to downgrade america's aaa credit score

meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi to many of the reasons most of which are outside of the direction school reason are well i mean he's a wounded animal it is a point in time in some ways i think that he's going to be very difficult to hold his government together there are big problems in western europe the havens to be definitely to the east everyone not all fortunately except for the rich the prize and because the academic the contagion seems to be spreading and we have new political leadership seeming to do with. several moscow streets were impossible on sunday afternoon but not because of the notorious traffic jams they were sealed off to temporarily become the realm of the fast and the furious and a high octane performance formula one drivers burn some serious rather against the amazing backdrop. that was part of the annual moscow city race and show the famous f one stars and the winners of world rally championships as a taste of things to come for russian f one fans as the country will get its own grand prix in

short it to five to ten days so in fact he was doing the exact opposite so you could probably look for berlusconi to be doing the same right exactly the three day period or the five day period of the trade settle when they reconcile all the buys and sells he extended it to ten days which is the exact opposite of trying to. diminish the naked short selling it's by increasing his throwing gasoline. on to the naked short selling soap opera is either a incredibly stupid be incredibly corrupt or see all of the above well let's stick back here with italy because greece ireland and portugal are gone those countries are less than four hundred billion dollar economies now we're going we're seeing spain and italy attacks italy is a two trillion dollar economy with two thousand tons of gold twenty four hundred tons of gold and only it's the second biggest position in the euro zone and that's the mother lode but i think that's been the target all along the greece the ireland portugal those are side shows there are little micro countries not much of a deal there but italy's got actual gold that the i.m.f. and

plus, set back for the italian prime minister silvio berlusconi over his bunga bunga texas parties. we will see -- sex parties. we will see what a court has decided. from the journalists of fox news, this is the fox report. just one phillips' colon health probiotic cap a day helps defends against occasional constipation, diarrhea, gas and bloating. with the strains of good bacteria to help balance your colon. you had me at "probiotic." [ female announcer ] phillips' colon health. to build a new generation of airplanes to connect the world. ♪ airplanes that fly cleaner and farther on less fuel. and make nonstop travel possible to more places. ♪ [ female announcer ] around the globe, the people of boeing are working together -- to bring us together. that's why we're here. ♪ it all happened so fast. it was clearly too late for me to do anything as my mercedes collision system automatically kicked in. the next thing i know, the mercedes stopped itself. ♪ watching what mercedes has done in bringing together these sensors in a car with software that has the ability to save your li

meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi due to many of the reasons most of which are outside of the direct school reason are well i mean he's a wounded animal at this point in time and in some ways i think that he's going to be finding it very difficult to hold his government together there are big problems in western europe they haven still be here definitely to the east everyone martin fortunately expect further surprises because the epidemic the contagion seems to be spreading and we have new political leadership seeming to do with the. not have a quick look at some other stories from around the world in our world update the u.s. led coalition started handing over some of afghanistan's territories to local security forces the central region has become the first of seven m. to happen ahead of the end of the nato campaign operations in a country of twenty fourteen senior ministers and foreign ambassadors marked the event by visiting the province which remained relatively peaceful the decade long occupation of afghanistan.

>> well, i think the proximate cause it was dispute between berlusconi and his very well respected finance minister tremonte. but at a deeper level people are stating to say wait a second, if greece is going to default-- which an increase last week has seemed inevitable--s where it going to stop? why should i keep my none a bank in italy at 1% when i can have in the germany at .5%? that's what's putting the pressure on. >> suarez: mario, is that a good comparison? isn't the italian economy about six times the size of the greek economy? >> will, in a way it is. but, you know, i think we're also have to start to define what default is because there is lots of confusion. the markets are very volatile and investors get worried. so, now, for example as part of the negotiations germany and france would like to see the banks take a bit of a cut in their positions with greece which is a fair distribution of a shared cost. now, standard & poor's and moody's come out and says "well, if you do that, that is a default." and so people get increasingly worried. so i think we have to be very attentive at

. >>> two court hearings today forbfor berlusconi. he is accused for paying for sex with a 17-year-old girl. the judge threw out all defense motions in that case and ordered berlusconi to attend a hearing in october. >>> some scary moments for the members of classic rock band cheap trick when the -- went on stage and at the ottawa blue fest. the stage collapsed while they were performing. it happened last night during a severe thunderstorm. the group manassasager says everyone was shaken up but the band and crew were not injured. thousands of fans attended the music festival and amazingly one person was injured in all of that with the collapse of the severe weather. >>> nail biter until the end the u.s. versus japan, world cup women's final. >> depressing to watch. the summit women, dominated in the beginning. and we were all saying remember -- never beat the u.s. in a women's soccer match. well, that ended yesterday. by the time they were tied, it kate came down to penalty kicks and stunning rally. japan defeated the u.s. taking home

berlusconi is a deficit in at least two other trials. >> what if you could walk through airport security with your shoes on and you did not have to take out your computer. a few will get the chance to do just that. we will explain ahead. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more amecans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... f greater access to all the things you want, whenever you want them. it's the at&t network... and what's possible in here is almost impossible to say. thank you very much. you're on e-trade. huntin' down stocks, bonds, etfs. oh i love etfs. look at you. why don't you show me your portfolio? i'd love to... i already logged out. oh no, it's easy, actually, to get back... see where it says history? there's a history? yeah, it'll take you right back to the site you were just on. well the last site... [ british vo

. >> sylvia boroughs tony -- silvlvio berlusconi has praised the austerity package has not overly tough. but the market was unenthusiastic, after standard and poor's said more substantial reforms were needed. there have long been questions about the power of the r ratin agencies, which has risen dramatically in recent years. and get the assessments are not necessarily reliable. in to dozen 9, standard and poor's degrees at a favorable credit rating -- in 2009, standard & poor's dave gray's a favorable credit rating. many in europe feel there needs to be greater competition. all three major rating agencies are in the u.s. in frankfurt, efforts are underway to establish a european agency. still, it is doubtful whether a european firm could give greece or italy a better rating right now. >> european shares posted fresh beans to extend last week's rally with the u.s. market's close to celebrate the independence day holiday. we have this summary from frankfurt. >> germany's investors started of cautious into the new week, due to an independence day in the u.s., wall street has been closed. n

. >> berlusconi wants to cut pay, pensions, and healthh snding. most cutsts will go into effect after his c curre term ends. portugal's new government announced belt-tightening on thursday, including a 50% tax on christmas bonuses and privatization of public assets, including the state-owned airline, banks, and utilities. the measures are a condition for fifinancl support from the e you. portugal has already gone to brussels for help. >> the passage of greece's austerity message -- austerity plan on friday. >> the european finance ministers will get the go-ahead for the payment of the next plan for greece rescue. they have lifted the mood of investors. banking shares were very positive during today's trading session. deutsche bank is well-performing despitite the fact tt german banks contribute 2.3 billion heroes for a new greek rescue fund. that is according to investors. there is good economic data out from the united states that pushed the dax into positive territory. >> it is a solid and to an impressive week. the dax closed higher. euro stock

silvio berlusconi's popularity has plummeted amid allegations of corruption and sex with an underage prostitutes. he rejects the allegations. the alliance suffered major losses in the local elections. prosecutors in france and started a preliminary investigion into the colain ainst dominique rauskahn filed by the french writer who says he tried to rape her in 2003. the former head of the international monetary fund already faces charges of sexual assault and attempted rape of a new york hotel maid. she stepped forward shortly after his arrest and accused him of trying to assault her in paris. he has instructed his of lawyers to file a complaint against her for slander. he has won the longest leg of the tour d france. the veteran sprinter crossed the finish line barely in front of others. >> the high road team did it all to premier their sprinter across the finish line first. it is their 17th victory. >> i am so proud of them. they were phenomenal. >> the remain intact almost all the way. the german writer intended to break away. the htc reigned him in and led cavindish in for the vic

that was said by the personal physician of berlusconi. >>> a train derailed after the conductor said he saw a bed rail and applied the brakes. no one was hurt. >>> and near syracuse, one freight train reportedly rear ended another. two workers jumped out just before the wreck. officials say they are bruised up but nothing serious. >>> terrorists are hatching an extreme strategy to get past airport security, surgicically implabi implanted explosives. the so-called belly bombs has been discussed in the past but a different official says a notorious al qaeda bombmaker is behind the new push. i do want to stress we're told there is no specific threat. >>> we're hearing new audiotapes from southwest flight 812, the flight that found itself in an emergency situation in april when a hole ripped open in the plane's roof. check out these photos that passengers on board took. you know they had to be panicking when they saw that hole. it's clear from the taped conversation between the cockpit and the control tower the pilot knew right away there was trouble. >> we need the nearest airport. >> s