Browse content similar to 06/08/2011. Check below for episodes and series from the same categories and more!
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Good afternoon. China has strongly criticised the United States after | :00:27. | :00:32. | |
the American economy had its AAA credit status downgraded for the | :00:32. | :00:38. | |
first time ever. China holds more than $1 trillion of US Government | :00:38. | :00:42. | |
debt. Joe Lynham reports. Americans are waking up today to a new | :00:42. | :00:48. | |
feeling - no longer being the safest economic kid on the global | :00:48. | :00:52. | |
block. We haven't gotten any good news lately. Everything's costing | :00:52. | :00:58. | |
more and more, jobs are hard to get. I don't think we are bad at | :00:58. | :01:02. | |
investment but we've got some very bad leadership and bad interest | :01:02. | :01:05. | |
groups that are affecting things negatively. Standard & Poor's are | :01:05. | :01:09. | |
one of the three main credit rating agencys who provide their opinion | :01:09. | :01:12. | |
on the credit worthiness of countries and companies. It is just | :01:12. | :01:17. | |
an opinion, and as we saw three years ago it is often very wrong, | :01:17. | :01:20. | |
but that opinion still matters to Government and market. That will | :01:20. | :01:26. | |
almost certainly trickle down and result in ordinary consumers paying | :01:26. | :01:31. | |
more to take out car or home loans. India called for urgent action from | :01:31. | :01:36. | |
Washington to cut its ballooning debt mountain. China, America's | :01:36. | :01:42. | |
largest single creditor, was even more forthright. The Xinhua | :01:42. | :01:45. | |
official Government agency said China had the right to demand the | :01:45. | :01:47. | |
United States address its structural debt problems, and | :01:47. | :01:52. | |
called for a new, stable global reserve currency to avert a | :01:52. | :01:55. | |
catastrophe caused by any single country. | :01:56. | :01:59. | |
The consequences of the US downgrade won't go unnoticed here | :01:59. | :02:03. | |
either. Though the Government was being optimistic. There is clearly | :02:03. | :02:06. | |
a lot of turbulence in international financial markets. | :02:06. | :02:10. | |
People saying it is like 2008, but it is fundamentally different. That | :02:10. | :02:15. | |
was a crisis of collapsing banks. Britain was at the heart of that | :02:15. | :02:19. | |
storm. We are very much at the edge of this storm as our public | :02:19. | :02:22. | |
finances are under control, our deficit has been reduced and there | :02:23. | :02:31. | |
is confidence in Britain. The real concern is the impact on global | :02:31. | :02:37. | |
confidence. It might snap entirely after this downgrade. 31 US Special | :02:37. | :02:39. | |
Forces personnel have been killed in a helicopter crash in eastern | :02:39. | :02:42. | |
Afghanistan. It's one of the biggest single losses suffered by | :02:42. | :02:45. | |
the US in the country. Seven Afghan soldiers were also killed. It's not | :02:45. | :02:48. | |
clear how the crash happened, but the Taliban are claiming they shot | :02:48. | :02:58. | |
:02:58. | :02:59. | ||
the helicopter down. Our Kabul correspondent joins me now. What | :02:59. | :03:03. | |
more do we know? We know that this Chinook helicopter, one of the | :03:03. | :03:07. | |
workhorses of the war here in Afghanistan, was engaging in an | :03:07. | :03:11. | |
operation against the Taliban. After that operation was complete, | :03:11. | :03:16. | |
it took off. For reasons unknown it was brought down. It may have been | :03:16. | :03:19. | |
mechanical failure, the Taliban are saying they brought it down. On | :03:19. | :03:24. | |
board, 31 US Special Forces and seven Afghan special commandos. | :03:24. | :03:27. | |
This loss of life makes at this time blackest day for the NATO | :03:27. | :03:31. | |
mission here in Afghanistan in almost ten years. What sort of an | :03:31. | :03:39. | |
area is it where this happened? reason that Chinooks operate in | :03:39. | :03:43. | |
this area is it is a mountainous area, a difficult area to reach, | :03:43. | :03:48. | |
like much of the terrain in Afghanistan. US troops have been | :03:48. | :03:55. | |
moving in and out of that area for some time. President Karzai has | :03:55. | :04:00. | |
expressed regrets for the loss of the 31 US service personnel. | :04:00. | :04:02. | |
Medical staff at a hospital in Norway say four British tourists | :04:02. | :04:06. | |
who were mauled by a polar bear are in a serious but stable condition. | :04:06. | :04:09. | |
One of their companions, 17-year- old Horatio Chapple, was killed in | :04:09. | :04:12. | |
the attack. Doctors say they hope the survivors can be transferred to | :04:12. | :04:20. | |
hospitals in Britain soon. Ben Ando reports. A terrible tragedy, a | :04:20. | :04:24. | |
precious life lost. Tributes to Horatio Chapple posted on the | :04:24. | :04:29. | |
internet following his death in Norway. At an isolated camp on a | :04:29. | :04:36. | |
glacier inside the Arctic Circle Horatio was part of the group | :04:36. | :04:39. | |
exploring the Svalbard archipelago when they were attacked bay polar | :04:39. | :04:44. | |
bear. The bear was shot dead but not before four were injured, two | :04:44. | :04:54. | |
:04:54. | :04:56. | ||
seriously and two killed. His parents told the BBC they had | :04:56. | :05:00. | |
received an e-mail from their son- in-law hospital in Norway. He is | :05:00. | :05:05. | |
completely devastated that one of the best members of his group, the | :05:05. | :05:09. | |
lad from Wiltshire, died. We can't imagine what it is like for that | :05:09. | :05:14. | |
family. We are upset but their must be unimaginable. This survivors | :05:14. | :05:17. | |
were airlifted to hospital in northern Norway but arrangements | :05:17. | :05:22. | |
are being made to transfer them back to the UK as soon as possible. | :05:22. | :05:28. | |
They were all communicating and giving me thes up and saying we are | :05:28. | :05:33. | |
going to get through this, we are going to recover. They are in a | :05:33. | :05:37. | |
severe but stable condition, and have received very good treatment | :05:37. | :05:42. | |
here, so I think they are extremely brave people, all of them. The trip | :05:42. | :05:44. | |
was organised by the British Schools Exploring Society and the | :05:44. | :05:48. | |
team had been given training. But polar bears are the largest | :05:48. | :05:53. | |
predator in one of the worldest last great wildernesss. No journey | :05:53. | :05:58. | |
into their habitat can ever be truly risk free. A three-year-old | :05:58. | :06:01. | |
boy has died after being hit by a car in Stockton-on-Tees. Cleveland | :06:01. | :06:04. | |
Police said the toddler had visited an ice cream van moments before the | :06:04. | :06:11. | |
incident happened. Police are appealing for witnesses. The boy | :06:11. | :06:15. | |
hasn't yet been named. The M25 in Surrey is still shut | :06:15. | :06:17. | |
after a lorry went through the central reservation yesterday. | :06:17. | :06:20. | |
Three people were hurt in the crash between junctions seven and eight. | :06:20. | :06:23. | |
It's hoped the lanes will reopen at around 3.00pm. Tailbacks stretched | :06:23. | :06:30. | |
for 28 miles, and there is still congestion in the area. | :06:30. | :06:34. |