Browse content similar to 05/08/2011. Check below for episodes and series from the same categories and more!
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More falls on the financial markets as fears about the global economic | :00:07. | :00:11. | |
outlook continue. Europe's debt crisis casts a shadow over trading | :00:11. | :00:17. | |
amid concerns about a new credit crunch. But investors are urged not | :00:17. | :00:25. | |
to panic. I would in fact encourage now everybody to stay calm and | :00:25. | :00:30. | |
breathe deeply. And see that the economic recovery is going on. | :00:30. | :00:33. | |
In the United States, a better than expected report on jobs brings some | :00:33. | :00:38. | |
relief but there are still fears of a double dip recession. | :00:38. | :00:41. | |
The economic picture is a challenge for European leaders. Some are | :00:41. | :00:44. | |
forced to interrupt their summer holidays to deal with the crisis. | :00:44. | :00:48. | |
Also on tonight's programme: A British teenager is killed by a | :00:48. | :00:51. | |
polar bear in northern Norway. Those on the trip with the 17-year | :00:51. | :00:58. | |
old say they were prepared for the risk. We had flares that we shot at | :00:58. | :01:03. | |
them to shoot at them, make lots of noise, because shooting is a last | :01:03. | :01:05. | |
resort. The simple test that could be a | :01:05. | :01:07. | |
lifesaver. A groundbreaking study suggests all newborns should be | :01:08. | :01:15. | |
screened for heart defects. And opening night at the Fringe. We | :01:15. | :01:23. | |
meet the veterans and the young hopefuls at Edinburgh this year. I | :01:23. | :01:27. | |
will be here with sports day later in the are on the BBC News channel | :01:27. | :01:32. | |
including a look ahead to the new champions season and a brand new | :01:32. | :01:42. | |
:01:42. | :01:52. | ||
Good evening. Welcome to the BBC News at Six. | :01:52. | :01:55. | |
It's been another tense day on the world's stock markets with more | :01:55. | :02:00. | |
losses caused by fears about debt and stagnant growth. Despite better | :02:00. | :02:03. | |
than expected jobs figures from the United States, and an appeal from | :02:03. | :02:08. | |
the EU to stay calm, the share sell-off continued today. In a | :02:08. | :02:11. | |
moment we will be analysing the reasons behind the instability. But | :02:11. | :02:14. | |
first our Business Editor Robert Peston on another day of market | :02:14. | :02:23. | |
turmoil. 24 hours of turmoil on markets. | :02:23. | :02:26. | |
Share prices plunged yesterday in Germany and the rest of Europe | :02:26. | :02:31. | |
infecting the Americans, Brazil and the USA. Overnight, it spread to | :02:31. | :02:35. | |
Asia, Japan, China, Hong Kong, Singapore and then back to Europe | :02:36. | :02:40. | |
and the UK today. Almost three trillion pounds wiped off shares | :02:40. | :02:45. | |
worldwide. The crisis was triggered by growing fears that Italy and | :02:45. | :02:49. | |
Spain would be unable to repay their debts. It led to a rise in | :02:49. | :02:54. | |
their borrowing costs. That for a brief moment was stemmed on July | :02:54. | :02:57. | |
21st when the government said they would agree a new support package | :02:57. | :03:01. | |
but the fears of investors and creditors revived and Italy and | :03:02. | :03:07. | |
Spain's borrowing costs rose to dangerous levels. I would encourage | :03:07. | :03:12. | |
now anybody to stay calm and breathe deeply. And see that the | :03:12. | :03:18. | |
economic recovery is going on. It's important that we protect ourselves | :03:18. | :03:22. | |
from the turbulence. This work is going on day and night. It's | :03:22. | :03:26. | |
tempting to see this as having very little relevance to most of us, but | :03:26. | :03:31. | |
they directly affect our pensions and they may say a good deal about | :03:31. | :03:37. | |
the confidence of companies to invest and create jobs. When bank | :03:37. | :03:40. | |
shares for it could tell you about their ability to borrow and when | :03:40. | :03:44. | |
they can't borrow they find it hard to lend and when they can't lend, | :03:44. | :03:50. | |
the economy weakens. This afternoon there was a brief recovery in share | :03:50. | :03:53. | |
prices after US unemployment figures turned out to be better | :03:53. | :03:58. | |
than feared. But the respite was short-lived. What I want the | :03:59. | :04:01. | |
American people and our partners around the world to know is this. | :04:02. | :04:06. | |
We will get through this. Things will get better. We are going to | :04:06. | :04:12. | |
get it together. If the problem is the excessive debt of which Western | :04:12. | :04:18. | |
countries, is there a painless solution? No, I'm afraid. What it | :04:18. | :04:21. | |
amounts to his people will have to accept that governments will be | :04:21. | :04:26. | |
smaller, and will spend less, so there will be less public sector | :04:26. | :04:30. | |
employment, fewer jobs in the public sector, and less expenditure | :04:30. | :04:34. | |
on things like health care and pensions and education. Bank shares | :04:34. | :04:39. | |
have been particularly badly hit with Barclays Bank down 17%, of | :04:39. | :04:45. | |
Bank of Scotland, 20%, and Lloyds Bank, 24% down. Today while Bank of | :04:45. | :04:50. | |
Scotland said it was back in their red to �1.4 billion for the first | :04:50. | :04:53. | |
six months of the year because of losses of more than �800 million on | :04:53. | :04:58. | |
its loans to Greece. How bad can it get? It we would be stupid not to | :04:58. | :05:02. | |
be cautious and alert to the sick of it and risks out there which can | :05:02. | :05:06. | |
turn bad, but I think the probability is that the world does | :05:06. | :05:10. | |
not turn overnight from a place which is slowly recovering to a | :05:10. | :05:17. | |
place which is a disaster area. Commodities markets fall in lead, | :05:17. | :05:23. | |
copper zinc and a turn say we or risk being burned in the white heat | :05:23. | :05:26. | |
of markets. Well, the fears over Italian and | :05:26. | :05:29. | |
Spanish debt have cast a particular chill over investors, despite the | :05:29. | :05:32. | |
EU insisting that neither economy needs a bail-out. There is now a | :05:32. | :05:36. | |
combination of worries on both sides of the Atlantic. And concern | :05:36. | :05:40. | |
that the political leadership in Europe isn't acting decisively. Our | :05:40. | :05:42. | |
Economics Editor Stephanie Flanders looks now at the growing financial | :05:42. | :05:48. | |
fears. You might wonder why the markets | :05:48. | :05:53. | |
are panicking right now? After all, didn't we have good news America | :05:53. | :05:57. | |
wasn't going to default on its debt? Investors aren't just worried | :05:57. | :06:02. | |
about that, but worried about growth. The .. Concern is there but | :06:02. | :06:08. | |
the bigger problem is a broader sense that the pace of recovery is | :06:08. | :06:12. | |
unusually weak compared with the past. It's the biggest in the post- | :06:12. | :06:16. | |
war period by a considerable margin and the underlying problem is to do | :06:16. | :06:20. | |
with debt and the fact, whether it's in the private, corporate | :06:20. | :06:25. | |
sector, public sector, everyone is trying to repay their debts. In the | :06:25. | :06:29. | |
eurozone, fear of slow growth has fuelled fears of a level of | :06:29. | :06:33. | |
government debt of. Investors worry if Italy and Spain can't grow, they | :06:33. | :06:38. | |
won't be able to control their borrowing and because they are all | :06:38. | :06:41. | |
tied together by a single currency, the problems of individual | :06:41. | :06:45. | |
countries have turned into a problem for everyone. So what can | :06:45. | :06:50. | |
world leaders do to stem the panic? They might want to rethink their | :06:50. | :06:53. | |
holiday plans for a start. The leaders of France, Germany and | :06:53. | :06:57. | |
Italy are away from their desks, though David Cameron interrupted | :06:57. | :07:00. | |
his break today to chat with the Governor of the Bank of England. | :07:00. | :07:05. | |
What in the world can they do about this? If it continues, the central | :07:05. | :07:09. | |
banks may act. The European Central Bank is under pressure to support | :07:09. | :07:14. | |
countries by buying more of their debt. If that the USA recovery | :07:14. | :07:17. | |
stumbles you may see their central bank pumping more money into the | :07:17. | :07:23. | |
economy. And what can government in the eurozone do? Well, we could see | :07:23. | :07:27. | |
them off on a budget cuts, which could happen in Italy. What | :07:27. | :07:31. | |
investors want to see is all countries acting together to create | :07:31. | :07:36. | |
a bigger bail-out fund perhaps. And maybe even guaranteeing troubled | :07:36. | :07:43. | |
country's debts. These are steps Germany refused to take. You might | :07:43. | :07:47. | |
wonder what this means for us in Britain. After all, we didn't sign | :07:47. | :07:51. | |
up for the euro. But we are fully paid-up members of the global | :07:51. | :07:57. | |
economy. No country is immune from these problems. Clearly, there are | :07:57. | :08:01. | |
global financial market problems here. But we, in Britain, are not | :08:01. | :08:04. | |
in the firing line of these problems because of the difficult | :08:04. | :08:08. | |
decisions we have taken over the last year to bring spending under | :08:08. | :08:13. | |
control, to bring down borrowing, controlled debtor. We are able to | :08:13. | :08:16. | |
borrow at low rates of interest because the financial markets have | :08:16. | :08:20. | |
confidence in what we're doing. is true, the market are not so | :08:20. | :08:25. | |
worried about Britain's debt, but another reason our costs are low is | :08:25. | :08:29. | |
because investors are worried about growth here as well. Our recovery | :08:29. | :08:33. | |
hopes are pinned on banks' lending more and companies exporting more. | :08:33. | :08:37. | |
None of that would happen if the worries in the last few days get | :08:37. | :08:40. | |
out of hand. Let's get more reaction now. In a | :08:40. | :08:43. | |
moment, our North America Editor Mark Mardell. But first to Brussels | :08:43. | :08:47. | |
and our Europe Editor Gavin Hewitt. All this talk about Italy and Spain | :08:47. | :08:51. | |
is continuing. How much pressure do think leaders are under to do | :08:51. | :08:56. | |
something decisive about this? they are under huge pressure. Two | :08:56. | :09:00. | |
weeks ago they leapt at a summit believing they had done enough for | :09:00. | :09:05. | |
them to go away on holiday. They expand the powers of their main a | :09:05. | :09:09. | |
rescue fund and then along came Italy. Under pressure. A country of | :09:10. | :09:15. | |
low growth and high debt. 1.6 trillion pounds, too big to be | :09:15. | :09:21. | |
bailed out, so the question was, what is the plan? Some say the | :09:21. | :09:26. | |
rescue plan, it will have to be expanded again. Others say what | :09:26. | :09:30. | |
Europe needs is for all its debts to be put together in a common | :09:30. | :09:34. | |
European debt, but the Germans don't like that one bit. An example | :09:34. | :09:39. | |
of how complicated this is. I'm getting the impression tonight of | :09:39. | :09:43. | |
European leaders scrambling to come up with a plan. There are phone- | :09:43. | :09:47. | |
calls going on for the David Cameron got involved, talking to | :09:47. | :09:51. | |
Angela Merkel and just about now, the Italian prime minister Silvio | :09:51. | :09:54. | |
Berlusconi will have to hold a press conference. He is under | :09:54. | :09:58. | |
pressure to convince the markets that he is serious about bringing | :09:58. | :10:03. | |
forward austerity measures now and if he does that, he might get some | :10:03. | :10:07. | |
support from the European Central Bank, but this is a very messy | :10:07. | :10:12. | |
situation here in Europe. On your side of pedantic, we had jobs | :10:12. | :10:16. | |
figures out today which were a relief to many investors. -- on | :10:16. | :10:20. | |
your side of the Atlantic. Does it mean there is light at the end of | :10:20. | :10:24. | |
the tunnel? People were braced for a really bad figures and did not | :10:24. | :10:29. | |
get that. It tells you something when an unemployment rate of 9.1%, | :10:29. | :10:33. | |
hardly moving at all, is considered good news. People are looking for | :10:34. | :10:37. | |
tell-tale signs that they might be another recession, and that is why | :10:37. | :10:41. | |
it was a relief it didn't give but evidence but there is hardly any | :10:41. | :10:45. | |
growth in the American economy at all. That is the underlying problem. | :10:45. | :10:49. | |
Barack Obama said things will get better but I didn't hear any new | :10:49. | :10:53. | |
policies from him. No reasons why things should get better. The | :10:53. | :10:57. | |
economy is very fragile. There is not much politicians can do except | :10:57. | :11:05. | |
watch and wait for the thanks to you both. And there's more on the | :11:05. | :11:09. | |
crisis and what it might mean for you in a special section of the BBC | :11:09. | :11:12. | |
website. A 17-year-old British tourist has | :11:12. | :11:17. | |
been killed by a polar bear in the Norwegian Arctic. He has been named | :11:17. | :11:21. | |
as Horatio Chapple, a pupil from Eton College who was from Sailsbury. | :11:21. | :11:24. | |
Four others were injured in the attack on a camp in the Svalbard | :11:24. | :11:27. | |
Islands in northern Norway. The injured have been flown by air | :11:27. | :11:36. | |
ambulance to Tromso. Bridget Kendall reports. | :11:36. | :11:40. | |
Airlifting casualties to hospital from the remote archipelago of | :11:41. | :11:45. | |
Svalbard in northern Norway. It won a British 17-year-old dead, four | :11:45. | :11:50. | |
members of the group injured. Two of them severely. An expedition of | :11:50. | :11:54. | |
British students on an Arctic camping adventure of a lifetime. It | :11:54. | :12:00. | |
turned into a tragedy. It is the chance of seeing a polar bear in | :12:00. | :12:04. | |
their natural habitat which is one of the top attractions of trips | :12:04. | :12:09. | |
here. Nearly 3,000 polar bears roaming wild admits the stunning | :12:09. | :12:17. | |
landscape. The expedition at website talks of an arctic | :12:17. | :12:20. | |
adventure of sea ice and the polar bears they were dreaming of seeing, | :12:20. | :12:24. | |
but they got too close and the attack, it seems, came this morning | :12:24. | :12:29. | |
while they were camped out on a remote glacier. Having spoken to | :12:29. | :12:34. | |
the family, we are now able to advise the young explorer who died | :12:34. | :12:42. | |
this morning is Horatio Chapple. He was a fine young man. He was hoping | :12:42. | :12:47. | |
to go on to read medicine after school. The British Schools | :12:47. | :12:50. | |
exploring Society that organise the trip is based here in central | :12:50. | :12:54. | |
London. Their expeditions are void and people in their late teens and | :12:54. | :12:59. | |
early twenties for an experience of self-discovery in some of the | :12:59. | :13:04. | |
world's last true wildernesses. Holidays to zones like Svalbard, | :13:04. | :13:09. | |
where polar bears roam free, are dangerous. This boy flew home early | :13:09. | :13:16. | |
because of frostbite. He says they had training. They taught us to use | :13:16. | :13:20. | |
rifles and Fuller's pub every night we set them up around the camp and | :13:20. | :13:28. | |
had wires along it. -- flares. We had an empty shotgun round and made | :13:28. | :13:32. | |
a loud bang and it's supposed to scare away the polar bears. It's | :13:32. | :13:35. | |
not clear what went on this morning but as polar bear habitats are | :13:35. | :13:41. | |
melting, encounters with humans are getting more common. If the ice has | :13:41. | :13:44. | |
gone away from the land and there is a lot of open water, they would | :13:44. | :13:47. | |
have to stay on the land and they get very, very hungry. There's | :13:47. | :13:52. | |
nothing for them to beat. Britain's ambassador and the chief executive | :13:52. | :13:55. | |
of the travel company are under way to northern Norway were the injured | :13:55. | :13:58. | |
are being treated. The circumstances are being | :13:58. | :14:03. | |
investigated. It's almost 6:15pm. | :14:03. | :14:06. | |
Our top story tonight. More falls on the financial markets as fears | :14:06. | :14:11. | |
about the global economic outlook continue. | :14:11. | :14:15. | |
How many comedians can there be? We are live at the Edinburgh Festival | :14:15. | :14:23. | |
at the Assembly gardens. Kevin is one of 430 comedians. I will be | :14:23. | :14:26. | |
here with sports day later on the BBC News channel including a close | :14:26. | :14:30. | |
look at this weekend's rugby union international with so much to play | :14:30. | :14:40. | |
:14:40. | :14:45. | ||
for. The World Cup is one month Could one simple test be | :14:45. | :14:49. | |
potentially life-saving for newborn babies with heart defects? | :14:49. | :14:53. | |
Scientists are now recommending routine screening after a | :14:53. | :14:57. | |
successful study involving thousands of babies in the West | :14:57. | :15:00. | |
Midlands. A painless test which measures oxygen levels and a baby's | :15:00. | :15:05. | |
blood, could alert doctors to heart problems which would otherwise be | :15:05. | :15:09. | |
missed. We can go live to Birmingham Women's Hospital and our | :15:09. | :15:12. | |
health correspondent, Branwen Jeffreys. | :15:12. | :15:16. | |
All newborn babies get routine tests and normally they heart would | :15:16. | :15:21. | |
be listened to by a stethoscope. This study suggests this simple | :15:21. | :15:26. | |
monitor used by midwives could pick up far more heart problems. | :15:26. | :15:31. | |
Just born, tiny and perfect and about to be woken for a simple test. | :15:31. | :15:37. | |
I am going to do the baby's oxygen levels. A monitor on the for it | :15:37. | :15:41. | |
shows how much oxygen is in the blood. A low level could be a | :15:41. | :15:45. | |
warning sign of possible heart problems. Athena's reading is that | :15:45. | :15:50. | |
a healthy level. Anything much lower and doctors would immediately | :15:50. | :15:57. | |
asked for eight detailed scan of the heart. That is what happened | :15:57. | :16:01. | |
with Sam. He is now a happy, healthy three-year-old but the test | :16:01. | :16:06. | |
picked up a serious problem. It meant he could have life-saving | :16:06. | :16:11. | |
keyhole surgery where he was just a few days old. Luckily, they picked | :16:11. | :16:16. | |
it up really quickly. They did the test and it progressed quickly to | :16:16. | :16:20. | |
the paediatrician down to the intensive care unit in the | :16:20. | :16:23. | |
children's hospital. It happened really quickly. If it had not been | :16:23. | :16:28. | |
done, who knows when it would have been picked up? This study into | :16:28. | :16:34. | |
heart defects in babies is the largest of its kind. Around one in | :16:34. | :16:39. | |
145 babies are born with some kind of hard problem. Up to 50 % are | :16:39. | :16:45. | |
detected in pregnancy when the mum has an ultrasound. The research in | :16:45. | :16:48. | |
today's Lancet says 92 % would be found if a blood oxygen test was | :16:48. | :16:54. | |
also carried out on all newborn babies. That is why the research | :16:54. | :16:58. | |
here is attracting interest from around the world. It is not very | :16:58. | :17:04. | |
common but it can be very serious, it can be devastating. It is a | :17:04. | :17:07. | |
common list form of death in infancy from a congenital | :17:07. | :17:12. | |
malformations and it is one of the leading causes of Infant Death in | :17:12. | :17:18. | |
the developed world. Because of a difference it has made to children | :17:18. | :17:23. | |
like Sam, the hospital has already adopted this Test and as it is | :17:23. | :17:26. | |
simple and cheap, there are hopes that it might be introduced across | :17:26. | :17:31. | |
the UK. That decision will be made by | :17:31. | :17:35. | |
experts who advise the government on screening programmes. They will | :17:35. | :17:41. | |
get a full report on this research later this year. | :17:41. | :17:45. | |
The energy company, E.on, has said it will increase its gas and | :17:45. | :17:49. | |
electricity prices. Gas will go up by 18 % while a electricity is set | :17:49. | :17:55. | |
to rise by 11 % from next month. If E.on is the 4th of the Big Six | :17:55. | :17:58. | |
supplies to raise prices. One of the three people jailed over | :17:58. | :18:01. | |
the death of baby Peter Connolly has been freed from prison after | :18:01. | :18:07. | |
serving half of his sentence. Jason Owen was jailed for six years in | :18:07. | :18:12. | |
May 2009 for causing or allowing the death of the 17 month-old. | :18:12. | :18:15. | |
The Libyan government has denied reports that one of Colonel | :18:15. | :18:20. | |
Gaddafi's sons has been killed in a NATO air strike. It is the second | :18:20. | :18:23. | |
time this year that Khamis Gaddafi has been reported killed. It comes | :18:23. | :18:28. | |
as fierce clashes continue between pro-Gadaffi forces and rebel | :18:28. | :18:32. | |
fighters. In western Libya, they say they are running dangerously | :18:32. | :18:37. | |
low on ammunition. Despite this, the rebels say they have taken new | :18:37. | :18:44. | |
ground. Orla Guerin reports. Coming to bury a mother and her two | :18:44. | :18:50. | |
young children. Victims of a NATO air strike, the regime claims. It | :18:50. | :18:54. | |
brought journalists to Zlitan to witness their funerals. NATO says | :18:54. | :19:00. | |
it hit a command and control centre but it is looking for more details. | :19:00. | :19:03. | |
In the town centre, there was quiet. It is still under government | :19:03. | :19:12. | |
control. But the rebels are battling to change that. For two | :19:12. | :19:17. | |
month they have been advancing on Zlitan. The furthest they have got | :19:17. | :19:23. | |
is the suburbs. And they have needed plenty of help from above. | :19:23. | :19:28. | |
This is one of the latest air strikes by the RAF which has been | :19:28. | :19:33. | |
pounding targets in and around the town, destroying some of the | :19:33. | :19:39. | |
regime's concealed weapons. At the front line, we found this rebel | :19:39. | :19:43. | |
brigade resting during a lull in the fighting. A source told us the | :19:43. | :19:48. | |
rebels cannot advance much further because they are dangerously low on | :19:48. | :19:54. | |
ammunition. This amateur army is running on empty. The fight is here | :19:54. | :19:59. | |
say they still have to rely on a lot of home-made improvised weapons, | :19:59. | :20:02. | |
like this anti-tank gun which has been altered to a pick-up truck. | :20:02. | :20:07. | |
They have managed to capture some arms from Colonel Gaddafi's forces. | :20:07. | :20:11. | |
They took this anti-aircraft gun about a week ago but they said they | :20:11. | :20:15. | |
often run short of ammunition, sometimes they have to wait for | :20:15. | :20:19. | |
days to be resupplied and at times, there have been down to their last | :20:19. | :20:27. | |
box of bullets. TRANSLATION: Well, what can I say? Our ammunition | :20:27. | :20:35. | |
could run out any time now. I have made enough for one or two days. | :20:35. | :20:40. | |
The commander took me to a lookout post, to get a rare glimpse of | :20:40. | :20:45. | |
Colonel Gaddafi's men. Their way across the sand dunes, about two | :20:45. | :20:50. | |
kilometres away, visible with binoculars and perhaps, watching us, | :20:50. | :20:55. | |
too. The rebels want to flush them out so they can push on towards | :20:55. | :21:01. | |
Tripoli. The capital is just an hour and a half's drive away, a | :21:01. | :21:05. | |
tantalising prospect. But the fighters say, to get there, the | :21:05. | :21:13. | |
least they need is bullets. At a care group which provides | :21:13. | :21:16. | |
services for people with learning difficulties in Scotland and the | :21:16. | :21:21. | |
North of England has gone into administration. Choices Care | :21:21. | :21:25. | |
employers 1,400 staff and looks after 800 people. The | :21:25. | :21:28. | |
administrators say they have sold part of the business, safeguarding | :21:28. | :21:32. | |
500 jobs and providing continuity of some services. | :21:32. | :21:35. | |
Are just two weeks after bidding farewell to its manned space | :21:35. | :21:43. | |
programme, NASA has launched an ambitious new mission. Ignition and | :21:43. | :21:48. | |
left of. This time it is a solar- powered spacecraft called Juno | :21:48. | :21:52. | |
which is now on reached to Jupiter. The scientists hope the mission | :21:52. | :21:56. | |
will give them a greater understanding about how planets, | :21:56. | :22:01. | |
including the Earth, were formed. The journey will take five years. | :22:01. | :22:06. | |
The curtain is about to go up on the country's largest arts festival. | :22:06. | :22:10. | |
It is opening night at the Edinburgh Fringe. Once again, | :22:10. | :22:16. | |
comedians are the main draw. 600 comedy acts will take to the stage. | :22:16. | :22:20. | |
David Sillitoe is inside one Edinburgh venue. | :22:20. | :22:26. | |
It is one of the strangest and newest and venues. This is in the | :22:26. | :22:30. | |
heart of Edinburgh. It is a giant inflatable sculpture. While the | :22:30. | :22:36. | |
rest of the economy were -- may be struggling with growth, the | :22:36. | :22:39. | |
Edinburgh Festival gets bigger and bigger every year, especially | :22:39. | :22:44. | |
comedy. The biggest arts festival in the | :22:44. | :22:48. | |
world is bigger than ever. And it is rather daunting for a new | :22:48. | :22:54. | |
comedian. This is Jessica Forteskew, her venue is called the Wee Room. | :22:54. | :23:00. | |
She knows she will lose money. have done comedy for three years | :23:00. | :23:06. | |
now. I feel like I have finished my A-levels and now I am paying to go | :23:06. | :23:13. | |
to university. You will lose thousands? Yes. Yes! You sound like | :23:13. | :23:19. | |
my parents! It is really hard to justified to anyone who is not a | :23:20. | :23:24. | |
comedian but you have got to do it. There are now more than 2000 | :23:24. | :23:27. | |
working comedians in Britain and even the established ones will come | :23:27. | :23:32. | |
here to sell a new show, especially when it is a departure from the | :23:32. | :23:38. | |
norm such as Ruby Wax's looking at the topic of mental illness. | :23:38. | :23:41. | |
wanted tour around the world and we are presenting it like the buffet | :23:41. | :23:50. | |
for people to say I would like it in Korea or Japan. Pick a card. I | :23:50. | :23:56. | |
will call way. Back when his Paul Daniels was just beginning on card | :23:56. | :24:01. | |
tricks, the French really was a fringe event. Now 30 years on, he | :24:01. | :24:09. | |
is now a devotee -- the fringe. am so in love with Edinburgh and so | :24:09. | :24:13. | |
in love with the Fringe. It is a great place to be. I have chatted | :24:13. | :24:21. | |
with Dave Gorman, Bobby Crush, Lorraine Chase and a metre. -- | :24:21. | :24:27. | |
Anita. Everybody is here. So there it is, the Edinburgh Fringe, | :24:28. | :24:32. | |
University come trade show, come holiday camp for Britain's | :24:32. | :24:36. | |
comedians young and old. And the card? I did not take my finger off | :24:36. | :24:42. | |
it. How does he do that? Utterly baffling. We are outside | :24:42. | :24:47. | |
now and you can see the crowds are here for opening night. There is | :24:47. | :24:50. | |
one reflection, there is a bit less money around, this year, more than | :24:50. | :24:56. | |
600 of the shows are free. It looked very nice in Edinburgh, | :24:56. | :25:05. | |
let's have a look at the weekend There will be rain in Edinburgh | :25:05. | :25:08. | |
this weekend for sure and for all of us, it will be a cooler weekend | :25:08. | :25:12. | |
and there will be some rain around as well. Not the nice weather that | :25:12. | :25:20. | |
we had today. Gradually, the trend will be for it to cloud up from the | :25:20. | :25:25. | |
West. One or two showers breaking up from the end of the night. A | :25:25. | :25:32. | |
loss of humidity. It might start off bright way you are. The trend | :25:32. | :25:38. | |
to cloud things up will continue. Don't take Kiditel to victory but | :25:38. | :25:43. | |
things will deteriorate and showers will become quite widespread -- | :25:43. | :25:48. | |
don't take the detail too literally. Northern Ireland will hang on to | :25:48. | :25:54. | |
some brightness in the afternoon. One or two showers across Wales and | :25:54. | :25:59. | |
a good deal of cloud. The temperatures will be in the mid- to | :25:59. | :26:04. | |
high teens. Some showers will be heavy and prolonged. There will be | :26:04. | :26:10. | |
a breeze for the sailors at the start of Cowes Week. Some | :26:10. | :26:17. | |
brightness in south-east England, East Anglia and the Midlands. We | :26:18. | :26:22. | |
run into trouble in northern England. Here, the rain will turn | :26:22. | :26:26. | |
heavier and more persistent and potentially, a prolonged spell of | :26:26. | :26:31. | |
wet weather moving its way slowly northwards into south-east and | :26:31. | :26:36. | |
Scotland. This could cause some problems. We could see 20 to 30 mm | :26:36. | :26:45. | |
of rain widely and locally, if not 50 millilitres -- mm. On Sunday, it | :26:45. | :26:53. | |
is more of the same. In the best of the brightness, high teens, low | :26:53. | :27:02. | |
twenties. For most of us, not a A reminder of to a's main news: | :27:02. | :27:05. | |
Stock markets around the world remain volatile with increasing | :27:05. | :27:09. | |
fears that the economy could slip back into recession. Before we go, | :27:09. | :27:14. | |
we can get a final word with Robert Peston. It has been such a bruising | :27:14. | :27:20. | |
week, where should - and where will this leave us? We should certainly | :27:20. | :27:25. | |
be concerned because the underlying cause of the market turmoil is | :27:25. | :27:30. | |
something that is serious and worrying. It is a combination of | :27:30. | :27:36. | |
two factors. One is fears that the weak recovery of the economies in | :27:36. | :27:41. | |
the rich West, that recovery will get even weaker and also that a | :27:41. | :27:44. | |
number of eurozone countries, indebted eurozone countries, Italy | :27:44. | :27:49. | |
and Spain in particular, they will have growing difficulties repaying | :27:49. | :27:54. | |
their debts. The problem is when investors and creditors start have | :27:54. | :27:58. | |
their concerns, they can be self- fulfilling because it becomes even | :27:58. | :28:02. | |
more expensive for countries like Italy and Spain to borrow. It | :28:02. | :28:06. | |
becomes more expensive for banks to borrow. It becomes more expensive | :28:06. | :28:11. | |
for companies to borrow and you get into this cycle of decline of lower | :28:11. | :28:16. | |
investment, low a confidence. The have got to get out of this cycle | :28:16. | :28:23. | |
of fear. Some measures may be taken pretty soon. We expect the Prime | :28:23. | :28:26. | |
Minister of Italy to make a statement this evening, saying he | :28:27. | :28:32. | |
is taking steps to reduce the deficit in Italy, to start of | :28:32. | :28:38. | |
perhaps paying down their large debt over time. That make his lead | :28:38. | :28:42. |