Browse content similar to 15/11/2012. Check below for episodes and series from the same categories and more!
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Air raid sirens sound in the Israeli city of Tel Aviv for the | :00:04. | :00:11. | |
first time in more than two decades. $WHITE Palestinian militants fire | :00:11. | :00:13. | |
rockets at Israel's commercial capital, sending residents | :00:13. | :00:22. | |
scurrying for cover. In Gaza, funerals for some of the | :00:22. | :00:26. | |
15 Palestinians who've died in the escalating violence. | :00:26. | :00:29. | |
As Israel moves more troops towards the border, we'll be asking how | :00:29. | :00:33. | |
serious this latest development is. Also tonight: | :00:33. | :00:36. | |
The former Radio 1 DJ Dave Lee Travis is bailed following his | :00:36. | :00:39. | |
arrest on suspicion of sexual offences. | :00:39. | :00:42. | |
The BBC has agreed to pay Lord McAlpine �185,000 after Newsnight | :00:42. | :00:46. | |
led to him wrongly being accused of child abuse. He says he's been left | :00:46. | :00:56. | |
:00:56. | :01:01. | ||
shattered. It gets into your soul. And you just think there's | :01:01. | :01:05. | |
something wrong with the world. The British oil giant BP receives | :01:05. | :01:07. | |
the biggest criminal penalty in American history for the Deepwater | :01:07. | :01:16. | |
Horizon disaster two years ago. And I am in Beijing. China unveils | :01:16. | :01:23. | |
the President who will run this superpower for the next 10 years. | :01:23. | :01:26. | |
Xi Jinping takes centre-stage. He will govern over 1 billion people | :01:26. | :01:30. | |
and is the man the West will have to deal with. And we meet China's | :01:30. | :01:35. | |
richest person, worth up to $20 billion, but now he is warning | :01:35. | :01:41. | |
In Sportsday: Graeme Swann becomes England's most | :01:41. | :01:43. | |
successful off-spinner, despite his side struggling against India in | :01:43. | :01:53. | |
:01:53. | :02:09. | ||
Good evening. Air raid sirens have sounded in the | :02:09. | :02:12. | |
Israeli city of Tel Aviv for the first time since 1991, after | :02:12. | :02:15. | |
rockets were fired at the city by Palestinian militants. Two rockets | :02:15. | :02:19. | |
landed south of the city but there were no reports of casualties. This | :02:19. | :02:23. | |
morning, three Israelis were killed in the south of the country in a | :02:23. | :02:26. | |
separate attack. In Gaza, funerals have been held for the 15 people | :02:26. | :02:30. | |
who've died since Israel killed the military leader of Hamas yesterday. | :02:30. | :02:33. | |
Tonight, amid fears of a ground assault, Israeli troops are being | :02:33. | :02:43. | |
moved towards the border with Gaza. From there, Wyre Davies reports. | :02:43. | :02:49. | |
Tonight, sirens sounded across Tel- Aviv. Israel's commercial capital | :02:49. | :02:53. | |
and most populous city, now a target for the rockets being fired | :02:53. | :02:58. | |
by militants in Gaza. People took over where they could. One rocket | :02:58. | :03:01. | |
reportedly landed but there were no casualties. Another fell into the | :03:02. | :03:05. | |
sea. TRANSLATION: I saw a flash of light | :03:05. | :03:09. | |
in the direction of the rubbish tip in Jaffa, two kilometres in the | :03:09. | :03:14. | |
direction of the sea. There was an explosion and a rocket landed in | :03:14. | :03:18. | |
the sea. Targeting Tel-Aviv marks a significant escalation of this | :03:18. | :03:26. | |
growing conflict. The body of Ahmed al-Jabari, the man held responsible | :03:26. | :03:30. | |
by Israel for launching hundreds of rockets from Gaza. Israel had tried | :03:30. | :03:34. | |
to kill him many times before, and yesterday they succeeded. At his | :03:34. | :03:39. | |
funeral in Gaza City today, the shrouded body of Hamas' military | :03:39. | :03:43. | |
commander was carried through the streets by a noisy and passionate | :03:43. | :03:47. | |
crowd. These men are angry, determined to avenge the | :03:47. | :03:52. | |
assassination of Ahmed al-Jabari. Israel has already threatened all | :03:52. | :03:56. | |
Hamas operatives, junior and senior, to keep their heads down in coming | :03:56. | :04:01. | |
days. The senior men are nowhere to be seen, but already today the | :04:01. | :04:05. | |
militants have fired hundreds of rockets into Israel. Renewed | :04:05. | :04:10. | |
attacks which Hamas today sought to justify it. | :04:10. | :04:18. | |
TRANSLATION: It is the occupation it does not have the will or the | :04:18. | :04:24. | |
decision to end it, and it will pay the price. If this is Israel's | :04:24. | :04:27. | |
vaunted Iron Dome defence system, but it could not cope with the | :04:27. | :04:34. | |
sheer number of rockets. Dozens got through. Two women and a man were | :04:34. | :04:40. | |
killed when their house, just a few miles north of Gaza, got it. | :04:40. | :04:45. | |
Israel's Prime Minister accused Hamas of committing war crimes. | :04:46. | :04:49. | |
This is why my government has instructed the Israeli Defence | :04:49. | :04:52. | |
Force to conduct surgical strikes against the terrorist | :04:52. | :04:57. | |
infrastructure in Gaza. And this is why Israel will continue to take | :04:57. | :05:02. | |
whatever action is necessary to defend our people. And this is what | :05:02. | :05:07. | |
the Israelis call a surgical strike. An underground Hamas launching site, | :05:07. | :05:12. | |
taken out with pinpoint accuracy. But Israel has been accused of | :05:12. | :05:16. | |
killing innocents, too. 11 months old Omar died from horrific burns | :05:16. | :05:20. | |
when what his father says was an Israeli shell came crashing through | :05:20. | :05:25. | |
the roof of their home. Her father, a colleague of the BBC in Gaza, | :05:25. | :05:31. | |
insists there were no militants or missile sites in the area. We are | :05:31. | :05:36. | |
civilians. Around our house, all of them civilians. We do not know | :05:36. | :05:42. | |
anyone who is fighting, who is in anything, who does anything. No one | :05:42. | :05:46. | |
is firing. Egypt is tonight reported to be trying to arrange a | :05:46. | :05:49. | |
truce. If that comes to nought, there are concerns the conflict | :05:50. | :05:56. | |
could escalate and more civilians on both sides will suffer. | :05:56. | :06:00. | |
Jeremy Bowen is with me now. Israel are moving troops towards the | :06:00. | :06:06. | |
border. Are their fears of a ground assault? Well, it is an option they | :06:06. | :06:09. | |
have and it might even be a plant. It is the kind of thing they have | :06:09. | :06:13. | |
done in the past and they have talked about it, too. There have | :06:13. | :06:16. | |
been some big hints dropped by people, statements even that they | :06:16. | :06:20. | |
might do it, so it is definitely possible. The message coming into | :06:20. | :06:24. | |
Israel, and also to Hamas, from the outside world is to stop this whole | :06:25. | :06:30. | |
process getting worse. Escalation could be driven either by a plan, | :06:30. | :06:34. | |
in other words, in their lead, or send more rockets towards Tel Aviv, | :06:34. | :06:38. | |
or it could be driven by a casualties, and that is when it | :06:38. | :06:41. | |
gets out of control. If there is a particularly big attack on either | :06:41. | :06:45. | |
side, they want to do something about it and responded in the way | :06:45. | :06:50. | |
that they want. We heard about Egypt try to get a ceasefire. The | :06:51. | :06:54. | |
Egyptian Prime Minister is due into Gaza. That is quite a clever move, | :06:54. | :06:59. | |
perhaps, by the Egyptian President, wanting to show some support, but | :06:59. | :07:04. | |
it is fairly low risk for him, for the President, politically speaking. | :07:04. | :07:09. | |
I think the message they will send to the Palestinians in Hamas is | :07:09. | :07:12. | |
that you won not alone here. That is something they will find | :07:12. | :07:16. | |
comforting but will maybe also strengthen their desire. -- the | :07:16. | :07:22. | |
message is that you are not alone. The former Radio one DJ Dave Lee | :07:22. | :07:25. | |
Travis has been bailed following his arrest on suspicion of sexual | :07:26. | :07:28. | |
offences. The 67-year-old was detained at his home in | :07:28. | :07:31. | |
Buckinghamshire this morning by detectives from a Scotland Yard | :07:31. | :07:34. | |
unit set up in the wake of the Jimmy Savile scandal. But police | :07:34. | :07:37. | |
say the allegations don't relate directly to Savile. Luisa Baldini's | :07:37. | :07:45. | |
report contains flash photography. What a good way to start off the | :07:45. | :07:51. | |
final half-hour... For nearly three decades, Dave Lee Travis was a star | :07:51. | :07:55. | |
of BBC Radio One. He worked across the station's output, including the | :07:55. | :08:02. | |
Breakfast Show, and also hosted a programme on the BBC World Service. | :08:02. | :08:06. | |
And Burmese pro-democracy leader Aung San Suu Kyi asked to meet him, | :08:06. | :08:11. | |
saying the show had given her a lifeline. The 67-year-old was | :08:11. | :08:15. | |
arrested here at his home in Buckinghamshire at 7:45am. The | :08:15. | :08:19. | |
police say the allegations against him do not directly involved Jimmy | :08:19. | :08:23. | |
Savile, but they come under the wider scope of their investigation | :08:24. | :08:29. | |
involving adults. Dave Lee Travis has previously denied newspaper | :08:29. | :08:33. | |
allegations against him. Police launched an investigation when | :08:33. | :08:37. | |
alleged victims started contacting them after Jimmy Savile's crimes | :08:37. | :08:44. | |
were exposed by an ITV documentary. Dave Lee Travis is the 4th arrest | :08:44. | :08:47. | |
prompted by Operation Yewtree, which is looking into offences | :08:47. | :08:50. | |
relating to children and adults. Gary Glitter, comedian Freddie | :08:50. | :08:55. | |
Starr, and Jimmy Savile's former producer, Wilfred De'Ath, have all | :08:55. | :09:01. | |
been questioned. Today, detectives revealed they have identified 450 | :09:01. | :09:07. | |
potential victims, an increase of 150 in the past three weeks. Mr | :09:07. | :09:11. | |
Travis returns to his home this evening after being bailed until | :09:11. | :09:16. | |
January pending further inquiries. The BBC has reached a settlement | :09:16. | :09:18. | |
with the Conservative peer Lord McAlpine, after a Newsnight report | :09:18. | :09:22. | |
resulted in him being wrongly accused of child abuse. He's being | :09:22. | :09:27. | |
paid �185,000 in damages. His lawyers have warned that legal | :09:27. | :09:30. | |
action is also being prepared against ITV's This Morning | :09:30. | :09:33. | |
programme, as well as a lengthy list of individuals who identified | :09:33. | :09:38. | |
Lord McAlpine on Twitter, adding it would cost them "a lot of money". | :09:38. | :09:47. | |
Here's Mark Easton. It was in the BBC's own words and | :09:48. | :09:51. | |
unacceptable failure that has already cost the corporation the | :09:51. | :09:56. | |
Director-General and now �185,000 plus costs. That will be the sum | :09:56. | :10:00. | |
handed over to Lord McAlpine in an out-of-court settlement following a | :10:00. | :10:02. | |
Newsnight report that led to him being wrongly accused of being a | :10:03. | :10:12. | |
child abuser. It gets into your bones. It makes you angry. And that | :10:12. | :10:16. | |
is extremely bad for you, to be angry. Newsnight never named Lord | :10:16. | :10:19. | |
McAlpine but that was who they were understood to mean, and their | :10:19. | :10:22. | |
reference to a former senior Conservatives saw frenzied | :10:22. | :10:25. | |
speculation on Twitter and elsewhere on the internet. | :10:25. | :10:29. | |
Disciplinary proceedings have begun after an internal BBC report found | :10:29. | :10:33. | |
the programme had failed to carry out basic journalistic checks, like | :10:33. | :10:37. | |
putting the claim to Lord McAlpine. Of course they should have called | :10:37. | :10:42. | |
me. And I would have told them exactly what they learnt later on. | :10:42. | :10:48. | |
What was that? That it was complete rubbish. The media regulator Ofcom | :10:48. | :10:53. | |
is investigating Newsnight and ITV's This Morning, after presenter | :10:53. | :10:56. | |
Phillip Schofield showed the Prime Minister a list of alleged | :10:56. | :11:00. | |
paedophiles he had found on line. It is understood Mr Schofield has | :11:00. | :11:05. | |
since been disciplined by ITV but will remain on air. Lord McAlpine's | :11:05. | :11:10. | |
lawyers are also looking to those they believe spread that cilia on | :11:10. | :11:18. | |
Twitter. We know who you wire and the extent of what you have done. | :11:18. | :11:21. | |
It is easier to come forward and see us and apologise and arranged | :11:21. | :11:25. | |
to settle with us. A couple of days after the Newsnight programme the | :11:25. | :11:29. | |
wife of the House of Commons Speaker, Sally Bercow, tweeted, why | :11:29. | :11:33. | |
is Lord McAlpine trending, innocent face. She subsequently apologised | :11:33. | :11:37. | |
on to to for the comment. With almost 60,000 comments, -- | :11:37. | :11:41. | |
followers, a tweets light that can gain the same circulation as a | :11:41. | :11:48. | |
popular magazine. Before social media, had the BBC Broadcast News | :11:48. | :11:51. | |
night, only a small number of people would have known that the | :11:51. | :11:54. | |
person they were really talking about was Lord McAlpine. Probably | :11:54. | :11:57. | |
only a tiny handful. But because Twitter makes it possible for | :11:57. | :12:01. | |
hundreds of thousands of people to know, it means you have to be | :12:02. | :12:07. | |
careful about identification issues in the way that you did not have to | :12:07. | :12:11. | |
be in the old days. It is understood the BBC and | :12:11. | :12:14. | |
representatives for Lord McAlpine will read statements in court in | :12:14. | :12:18. | |
the next few days. The BBC will make a full apology and Lord | :12:18. | :12:24. | |
McAlpine will say that in general he holds the BBC in great esteem. | :12:24. | :12:27. | |
After a week of secret talks and closed door meetings, China finally | :12:27. | :12:31. | |
has its new leader who'll run the country for the next ten years. | :12:31. | :12:41. | |
:12:41. | :12:47. | ||
George Alagiah is in the Chinese Here in Beijing, China's carefully | :12:47. | :12:52. | |
choreographed handover of power is finally complete. As expected, this | :12:52. | :12:56. | |
superpower of more than 1 billion people will be run by Xi Jinping. | :12:56. | :13:01. | |
In his first speech as President elect, he said he wanted to tackle | :13:01. | :13:05. | |
corruption within the Communist Party, and he said it was time the | :13:05. | :13:09. | |
West learned more about China. But he expressed fears about the future | :13:09. | :13:18. | |
of the economy of the country. Damian Grammaticas reports. Welcome | :13:18. | :13:26. | |
to the dawn of a new Chinese Iraq. It is the Xi Jinping era, a new | :13:26. | :13:32. | |
leader and a new team in charge of the world's rising superpower. | :13:32. | :13:36. | |
These seven men are now going to rule more than one fifth of | :13:36. | :13:40. | |
humanity. But neither we nor the 1.3 billion people of China really | :13:40. | :13:50. | |
know very much about them. Immediately, it felt different. The | :13:50. | :13:54. | |
Communist party's new general secretary was more relaxed, more | :13:54. | :14:00. | |
confident, more plain-speaking. TRANSLATION: The problem was among | :14:00. | :14:05. | |
peasant Party members include corruption, taking bro bits, -- | :14:05. | :14:12. | |
taking bribes, being out of touch, undue emphasis on formalities, and | :14:12. | :14:17. | |
bureacraticism, and these must be addressed. Xi will have to share | :14:17. | :14:21. | |
power with the other six men elevated today. Some are hard | :14:22. | :14:29. | |
liners, so major reforms would seem unlikely. On the left, Xi has been | :14:29. | :14:33. | |
groomed for power. His father helped lead China's communist | :14:33. | :14:39. | |
revolution. Following it all for decades has been the American | :14:39. | :14:44. | |
Sidney Rittenberg. He is not going to be a dominant leader, like Deng | :14:44. | :14:49. | |
or Mao. He is going to have to create a consensus in the leading | :14:49. | :14:56. | |
party, and that is not going to be easy to do. However, many believe | :14:56. | :15:02. | |
China needs change, urgently. This tale was where Xi Jinping had his | :15:02. | :15:07. | |
first important job as a young official. Now, economic growth is | :15:07. | :15:14. | |
slowing, and people's demands of their new leader are rising. This | :15:14. | :15:19. | |
man is 69 - he survives by selling soap which he makes at home. He | :15:19. | :15:24. | |
wants Xi Jinping to spend more on health care and education. But that | :15:25. | :15:30. | |
will require enormous investment. This man is a photographer, and he | :15:30. | :15:34. | |
remembers the young Xi. He hopes he makes more use of China's growing | :15:34. | :15:37. | |
military. TRANSLATION: He should be prepared | :15:37. | :15:42. | |
to fight our enemies abroad. People may die, but we should beat our | :15:42. | :15:48. | |
enemies. Avoiding conflict with a rising shiner is one of America's | :15:48. | :15:53. | |
priorities. Xi Jinping now controls the world's biggest army, along | :15:53. | :15:57. | |
with a nuclear arsenal. He is very candid, not somebody who sticks to | :15:57. | :16:02. | |
talking points. He is somebody who engages, he will be somebody that | :16:02. | :16:08. | |
we will be able to deal within the future. So, China's new leader, on | :16:08. | :16:12. | |
his very first day, is already bringing a change of style. What is | :16:12. | :16:20. | |
not know is whether he will also be able to bring a change of substance. | :16:20. | :16:23. | |
China's economic boom has transformed the lives of hundreds | :16:23. | :16:27. | |
of millions of people here and created a select club of | :16:27. | :16:31. | |
billionaires. Top of the pile is Zong Qinghou, who grew up in | :16:31. | :16:36. | |
poverty, but now sits on a fortune of up to $20 million. He has warned | :16:36. | :16:40. | |
that the growing gap between rich and poor has become a huge problem, | :16:40. | :16:44. | |
which needs addressing by the new leadership. I went to meet him at | :16:44. | :16:51. | |
his headquarters. This is a retreat for China's emperors over the | :16:51. | :16:56. | |
centuries, but it is now home to a new kind of empire. This is the | :16:56. | :17:00. | |
headquarters of the Wahaha soft drinks business. Note the political | :17:00. | :17:04. | |
banner, with communism and capitalism sitting side-by-side. We | :17:04. | :17:10. | |
got a glimpse of how it works. Zong Qinghou is worth up to $20 billion. | :17:10. | :17:15. | |
He is courted by the party. His delegation is from far away Sichuan | :17:15. | :17:19. | |
Province. On both sides of the table, they know that too many are | :17:19. | :17:23. | |
still missing out on China's economic miracle. | :17:23. | :17:28. | |
TRANSLATION: Lots of people here are still poor, while only a small | :17:28. | :17:34. | |
number are which. This wealth gap has become a huge problem and a | :17:34. | :17:39. | |
source of social dissatisfaction. My brother grew up in poverty... | :17:39. | :17:44. | |
was a rags to riches story. His first business was selling ice | :17:44. | :17:49. | |
lollies from a bike 25 years ago. Even now, he eats in the staff | :17:49. | :17:52. | |
canteen and says he lives on $20 a day. | :17:52. | :17:57. | |
TRANSLATION: I spend less than my workers. I believe in a simple life. | :17:57. | :18:01. | |
I give money to charity. Even though I am rich, I will not be | :18:01. | :18:10. | |
hated for it. The rich should earn respect. But it turns out the | :18:10. | :18:13. | |
frugality gene does not run in the family. We were told the | :18:14. | :18:18. | |
Lamborghini outside belongs to his daughter. The company has a 66 | :18:18. | :18:22. | |
factories around the country. This line alone produces 30,000 bottles | :18:22. | :18:29. | |
of milky tea every hour. Successful as Mr Zong is, his business empire | :18:29. | :18:32. | |
epitomises the mass-production model of economic growth. But it | :18:32. | :18:36. | |
has its limits, there will always be someone or somewhere trying to | :18:36. | :18:42. | |
compete on cost. Now, there are calls for China to get creative. | :18:43. | :18:47. | |
Vega Wang is starting from scratch, relying on her parents and a rich | :18:47. | :18:52. | |
patron. There was no question of borrowing from a bank. She set up | :18:52. | :18:55. | |
her designer label after three years training at St Martin's in | :18:55. | :19:00. | |
London. A government which is good at spotting large investment | :19:00. | :19:04. | |
projects seems less adept when it comes to nurturing creative talent | :19:04. | :19:08. | |
like hers. The government has already noticed that these things | :19:08. | :19:12. | |
are really important for a developing country. But I think it | :19:13. | :19:18. | |
takes time for them to understand, and maybe to find the people who | :19:18. | :19:24. | |
really work in this area, because this country is too big. It is just | :19:24. | :19:30. | |
possible that the likes of Vega Wang represent a new generation and | :19:30. | :19:35. | |
a new meaning to the "Made in China" brand. Our world affairs | :19:35. | :19:41. | |
editor, John Simpson, joins me now. Let's speak a bit more about that | :19:41. | :19:47. | |
speech from Xi Jinping. He mentioned a lot of problems... | :19:47. | :19:51. | |
an awful lot of people are very pleased that he is in position, | :19:51. | :19:55. | |
they believe he is the man to sort out all of these problems. It does | :19:55. | :20:00. | |
look as though he is bringing that kind of waxworks image of Chinese | :20:00. | :20:05. | |
politics to an end, by being kind of free-and-easy. But one of the | :20:05. | :20:08. | |
members of the seven-man standing committee studied economics in | :20:08. | :20:15. | |
North Korea, so he is not exactly a card-carrying liberal. But Mr Xi, | :20:15. | :20:21. | |
after five years, should have a freer hand, because five members of | :20:21. | :20:25. | |
the Standing Committee are in their 60s and will have to retire in 2017, | :20:25. | :20:30. | |
so that should give him more freedom - although that is quite a | :20:30. | :20:35. | |
long time to wait. Looking outwards, do you see any possible change in | :20:35. | :20:39. | |
the way he will deal with the rest of the world? Western governments | :20:39. | :20:44. | |
are very pleased that he is there, which has a clear sign. But there | :20:44. | :20:48. | |
are big problems ahead. He himself said that. There is a real | :20:48. | :20:54. | |
difficulty of course about whether China can carry on maintaining this | :20:54. | :21:01. | |
high level of growth, for instance. There are serious problems here, | :21:01. | :21:05. | |
and the big nervousness is that China will start to become much | :21:05. | :21:09. | |
more inward-looking, more hostile, blaming the outside world for | :21:09. | :21:13. | |
things which are going wrong. So, there are problems all the way | :21:13. | :21:18. | |
round. Nevertheless, as I say, a lot of people are very happy to see | :21:18. | :21:25. | |
Mr Xi in power, and so, there is a general kind of sense of things | :21:25. | :21:31. | |
getting better here as a result. That's it from the Beijing team. It | :21:31. | :21:38. | |
is back to London. The British oil giant BP is to pay | :21:38. | :21:43. | |
a record fine of nearly �3 billion to the US Government to settle | :21:43. | :21:46. | |
criminal charges relating to the Deepwater Horizon disaster two | :21:46. | :21:51. | |
years ago. 11 people died in the disaster, which resulted in the | :21:51. | :21:55. | |
biggest ever offshore oil spill. Our Washington correspondent has | :21:55. | :22:03. | |
the latest. April 2010, a drilling rig consumed by flames after an | :22:03. | :22:07. | |
explosion which claimed 11 lives and triggered the worst oil spill | :22:07. | :22:12. | |
in American history. Today, BP, the owner, accepted criminal | :22:12. | :22:18. | |
responsibility. This marks the largest total criminal resolution | :22:18. | :22:26. | |
in the history of the United States. Today's resolution does not mark | :22:26. | :22:30. | |
the end of our efforts. In fact, our criminal investigation remains | :22:30. | :22:37. | |
on going. Under the settlement, BP has pleaded guilty to 14 criminal | :22:37. | :22:41. | |
charges, 11 of them for misconduct and negligence resulting in the | :22:41. | :22:45. | |
death of workers. Two supervisors from the Deepwater Horizon have | :22:45. | :22:50. | |
been charged with manslaughter. And the company will pay a total of | :22:50. | :22:53. | |
almost �3 billion in fines and compensation. Accident | :22:53. | :22:58. | |
investigators identified flaws in the cement work, which should have | :22:58. | :23:02. | |
prevented a gas explosion. BP has admitted it misinterpreted test | :23:02. | :23:06. | |
results, which showed there was a problem. The chief executive | :23:06. | :23:10. | |
officer became the British face of an American disaster, photographed | :23:10. | :23:15. | |
yachting around the Isle of Wight as oil spewed into the Gulf. Then | :23:15. | :23:19. | |
there was this notorious gaffe. Nobody wants this to be over more | :23:19. | :23:25. | |
than I do, I would like my life back. The resulting outcry forced | :23:25. | :23:31. | |
him to step aside. In a statement today, BP's new management said it | :23:31. | :23:34. | |
deeply regretted the impact of the oil spill and the loss of life. He | :23:35. | :23:38. | |
said the settlement was in the best interest of its shareholders, | :23:38. | :23:42. | |
because it removed legal uncertainty. But even as the | :23:42. | :23:47. | |
company tries to move forward, this is far from over. Civil claims must | :23:47. | :23:51. | |
now be settled with different layers of US Government and the | :23:51. | :24:01. | |
:24:01. | :24:02. | ||
insurance companies. BP has seen a huge fall in its value. | :24:02. | :24:06. | |
There is more to do in terms of dealing with the civil cases, which | :24:06. | :24:10. | |
will add many billions more. Ultimately, what we see going | :24:10. | :24:14. | |
forward is a smaller BP, which has had some of its competitive edge | :24:14. | :24:18. | |
taken away because it has had to fund all of these penalties. It | :24:18. | :24:23. | |
will be a reduced force for some years to come. The hardest cost to | :24:23. | :24:28. | |
factor in will be the damage to BP's reputation - a global brand | :24:28. | :24:31. | |
which was responsible for an environmental catastrophe. The | :24:31. | :24:36. | |
polls have closed in elections for the first Police and Crime | :24:36. | :24:40. | |
Commissioners in England and Wales. Voting has also ended at three | :24:40. | :24:46. | |
parliamentary by-elections. There was also a contest to choose the | :24:46. | :24:50. | |
first elected mayor in Bristol. The eurozone has gone back into | :24:50. | :24:57. | |
recession for the first time since 2009. Output fell by 0.1% in the | :24:57. | :25:02. | |
third quarter of this year. Our Europe editor, Gavin Hewitt, is in | :25:02. | :25:08. | |
Madrid. Both northern and southern Europe are hurting, according to | :25:08. | :25:14. | |
these figures, so, is the austerity drive working? Well, it is clear | :25:14. | :25:19. | |
that the problems of countries like Spain and Greece are beginning to | :25:19. | :25:23. | |
have an impact on the wider eurozone economy. It was | :25:23. | :25:25. | |
interesting today that a northern European country, like the | :25:26. | :25:29. | |
Netherlands, saw its economy shrinking sharply in the last | :25:29. | :25:33. | |
quarter. The news today of the eurozone being back in recession | :25:33. | :25:37. | |
came after yesterday's huge protests, hundreds of thousands of | :25:37. | :25:42. | |
people essentially on the streets, about austerity. There are signs | :25:42. | :25:46. | |
that some European officials are easing off on those targets, | :25:46. | :25:51. | |
backing away on the reduction of deficits so sharply. His return to | :25:51. | :25:55. | |
recession, and also the protests on the streets, are causing something | :25:55. | :26:01. | |
of a rethink. The basic question is this - is it right to make a | :26:01. | :26:06. | |
priority of cutting deficits when some countries are in recession? | :26:06. | :26:12. | |
Bear this in mind - when we go forward to the coming months and | :26:12. | :26:20. | |
years... Apologies for the loss of that satellite link. England have | :26:20. | :26:26. | |
had a tough time at the hands of India's batsmen on the first day of | :26:26. | :26:31. | |
the opening Test in Ahmedabad. Graeme Swann took all four wickets | :26:31. | :26:33. | |
Graeme Swann took all four wickets for England, but India finished the | :26:33. | :26:40. | |
day on 323-4. Cricket starts before breakfast in Ahmedabad. It is | :26:41. | :26:45. | |
serious stuff. Bowling here can require maximum effort for minimal | :26:45. | :26:50. | |
reward, as England soon discovered, just down the road. India won the | :26:51. | :26:57. | |
toss, batted, and Virender Sehwag scored almost in his sleep. India | :26:57. | :27:02. | |
made 120 just in the morning session. Sehwag got to 100 off just | :27:02. | :27:07. | |
90 balls. Test cricket may not be the draw it once was in this | :27:07. | :27:11. | |
country, but this match has been drawing quite a big crowd - at | :27:11. | :27:18. | |
least while Sehwag was batting. No spin bowler of Graeme Swann's style | :27:18. | :27:24. | |
has ever taken more wickets for England. There was silence as | :27:24. | :27:34. | |
:27:34. | :27:38. | ||
theatres Tendulkar fell. 250 were on the board. Did Jonathan Trott | :27:38. | :27:41. |