27/02/2017 100 Days


27/02/2017

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A good day for the US defence industry, but not

:00:08.:00:11.

Cuts to the defence Department will have to pay for the expansion of

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America's military. As well as the funding increase,

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plans to defeat so-called Islamic State will be presented

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by the US Defence The 43rd President

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criticises the 45th. George W Bush says we all need

:00:31.:00:37.

answers about the Trump team Power can be very addictive,

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and it can be corrosive, and it's important for the media

:00:41.:00:48.

to call to account people Mistakes do happen though -

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we'll look at some For the NHS and welfare state

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if Britain leaves the EU That's the opinion of the former

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Prime Minister Sir John Major. And the Greek economic crisis -

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it goes from bad to worse, we'll speak to the former

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Greek Finance Minister I'm Katty Kay in Washington -

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Christian Fraser's in London. Big increases in defence spending

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offset by cuts to domestic agencies and the state department -

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that's what President Trump wants He's promised one of the "greatest

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military build ups in American history", and briefings

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by the White House suggest Also today, the Defence

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Secretary Jim Mattis is due to deliver his plan for defeating

:01:59.:02:04.

the self-styled Islamic State group. This is what Donald Trump had to say

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earlier about the military. We must ensure that our courageous

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servicemen and women have the tools they need to deter war,

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and when called upon to fight When I was young in high school,

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in college, everybody used to say Some of you were right

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there with me, and you remember. We never lost a war,

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America never lost. So we've either got to win

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or don't fight it at all. A few minutes ago, Mick Mulvaney,

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the new White House budget director, gave some more details about how

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the increase in military The top line number is $603 billion,

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a $54 billion increase. One of the largest increases in history. It's

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also the number that allows the president to keep his promise to

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undo the military sequester. The topline non-defense number will be

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$462 billion, a $54 billion savings. If the largest proposed reduction

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since the early years of the Reagan administration. The reductions in

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non-defense spending follow the same model as the president keeping his

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promises in doing exactly what he said he was going to do. It could

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use we give to other nations, eliminate programmes that simply

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don't work. That it reduces the amount.

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Our North America Correspondent Nick Bryant is here.

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Budgets have to go through Congress, it's the final word. To the extent

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that we can read them as a transcript or blueprint of

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presidential priorities, what does Donald Trump want his first budget?

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Well, it's clear he wants us of what he has called an historic rise in

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defence spending. 9%, an absolutely massive amount. He wants along with

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that splurge on military spending to have this binge on infrastructure as

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well, one of his key campaign promises was to rebuild America's

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roads, creaking bridges, its rundown airports. He has also said he can

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make these savings by cutting things like spending on the Environmental

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Protection Agency and also the state department, the foreign aid budget

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for instance. Too many people, these sums just won't add up, because he

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says he wants to have tax cuts and all this big spending, big-ticket

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items like the wall at the drop. But one thing they have signalled they

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are not prepared to touch is so-called entitlement spending,

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which accounts for about 80% of the federal budget, on things like

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Social Security, medical care, paying down the federal debt. It's

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what we call autopilots spending, it is spent already as it were. So the

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sums just don't seem to have been this budget. I'm young enough to

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remember, as are you, the days when Republic sends word deficit hawks,

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what they wanted to do above anything else, it was almost an

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issue of values and patriotism, was balanced the budget, cut the deficit

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down from its existing $20 trillion. It doesn't sound like President

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Trump is remotely concerned about deficit spending. You have a host of

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brick dust and historical problem. The national debt is 77% of gross

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domestic product -- you have a historical problem. It is

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unmanageable. Although this huge increase on defence spending might

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sound like music to the ears of the kind of a foreign-policy hawks on

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Capitol Hill, the people with the louder voices in recent years,

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especially in the Republican party, have not been the defence hawks, but

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the deficit hawks. You can see here a problem, a political problem, for

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the White House. Up until now, the congressional leadership, Paul Ryan

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in the house, the House Speaker, they have gone along with what the

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White House is done. They have been very acquiescent. But here, there

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might not. It's setting up this sort of battle somewhere down the road

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between the White House and figures like Paul Ryan on Capitol Hill, who

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for years have been saying, "We've got to take control of the national

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debt and that means tackling entitlement like Social Security".

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With that in mind, would they have to blow the spending cap put in

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place in 2011? It looks like it at the moment. As I said, the sums just

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don't seem to add up. If Trump get is when put this budget: get this

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budget Congress. To give you an example, if you zero down in foreign

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aid, it is just 1% of the budget. It puts a small dent in bringing down

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what is a ballooning national debt. At the moment, there is a

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discrepancy of $600 billion each year between the amount of money the

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federal government spends and the amount of money it raises through

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taxation, and that figure is going to balloon out over the next few

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years because of the increased costs of social Security and medical care.

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This just seems like fuzzy maths and voodoo economics, to use a phrase

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from the past to stop sign the president will put this to a joint

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session of Congress tomorrow, we will see what they make of it.

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Building up the military and defeating IS were, of course,

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both key campaign promises for Donald Trump.

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So what is his strategy likely to be and what chance

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Joining us now from New York is Dr Richard Haass,

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President of the Council on Foreign Relations and author

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Thank you for joining us. America is in a process of winding down wars in

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Afghanistan and Iraq. Why go now for a 9% increase in the defence budget?

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Well, for a couple of reasons, without defending every dollar of

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that increase. This effort against terrorism is not going to end, it's

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going to continue in Iraq and Syria, it will probably continue in two or

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three other dozen countries of the Middle East and Africa. This is an

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open-ended struggle. The United States has to prepare for more

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conventional conflicts, possibly something with North Korea, possibly

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with something in Europe involving Russia. Possibly with something Iran

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in the Middle East. We have to prepare the American military for

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the full spectrum of possible conflicts from the sort of thing we

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have seen in the Middle East in recent years, but not as large

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scale, to all sorts of more traditional battles. Plus there is

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cider and personnel issues, to keep people in and attract people. You

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add all this up, it probably does make the case for a several percent

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increase in defence spending. It sounds like you're not opposed to

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the increase in military budget. You worked in the State Department.

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Would you think it's a good idea to pay for it, as this budget suggests,

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by a 30% cut in the State Department? The short answer is no,

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and it is not just that spending which will be eliminated. Where we

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get tremendous payoff, Bob Gates made a very powerful defence of what

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the State Department was doing in terms of aid and diplomacy. Domestic

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spending, things like the Centre for disease control, education. There

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are important parts of American society we need to invest in, this

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is our future, this is what makes us a competitor. There is a guns versus

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butter dichotomy which I feel we are setting up. I would argue for a 3%

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or 4% increase in defence and a much smaller reductions, if any, on

:10:04.:10:07.

domestic. The big issue you've got is the lack of cutting of

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entitlements. We have a deal with Social Security, Medicare, Medicaid,

:10:15.:10:16.

disability. This is the fastest parting -- fastest-growing part of

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the government, we can't drown that out. As you know, we have one other

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problem. The rising costs of financing American debt. Interest

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rates are only heading in one direction, which is up. That'll make

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the cost of paying for American debt that much more expensive. Again, if

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we're cavil, will have a budget consisting of defence and paying

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interest on the debt and entitlements, and there'll be

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nothing left for American society. Some of this money the president

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wants to go towards shipbuilding is that they can have a more robust

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presence in, you know, key international waterways, the likes

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of the South China Sea. That is a strange strategy for a man who has

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talked about America first and looking internally, putting a much

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bigger footprint on the foreign stage. I welcome that I think you're

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talking about a rebalanced to Asia which the last administration began,

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you need a greater area of naval presence in the Pacific, in the

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Indian Ocean near the Persian Gulf. At some point quality doesn't

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substitute for quantity, so there is a case for increased defence

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spending. It often matters as much or more on what you spend, how you

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spend it. One big problem is Congress getting involved in wanting

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to make sure that every aeroplane shows up, getting built in 45

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states, it might not be the most economical way to build an

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aeroplane, but it is the best way to protect the programme.

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The feud between Mr Trump and the media keeps growing.

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On Friday several news organisations, including

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the BBC, were excluded from a White House press briefing.

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Then on Saturday the President announced he wouldn't be attending

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the White House Correspondents Association Dinner.

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Hitting back, a New York Times op-ed today branded Trump

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The media received support from an unlikely source today,

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from the former President George W Bush.

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Not only did he say that "we all need answers'' on the extent

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of contact between Donald Trump's team and the Russian government,

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he also had this warning for the President over his

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I consider the media to be indispensable to democracy.

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We need an independent media to hold people like me to account.

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I mean, power can be very addictive, and it can be corrosive.

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And it's important for the media to call to account people

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One of the things I spend a lot of time doing was trying to convince

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a person like Vladimir Putin for example to accept the notion

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It's kind of hard, you know, to tell others to have an independent free

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press when we're not willing to have one ourselves.

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Some people here are suggesting that George Bush has been more critical

:13:10.:13:13.

of Donald Trump in one interview so far than he was of Barack Obama over

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the course of eight years. Here to discuss is Frank Sesno -

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who spent more than two decades at CNN, where he served

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as White House correspondent, He's now the director of the School

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of Media and Public Affairs Why is the president ratcheting up

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of this war of words and actions, indeed, with the American press now.

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And will it work? Well, why is the ratcheting it up? It plays to his

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base. There is a tremendous traction for blaming the media in this

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country among conservatives and others who really do believe that

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there is a very liberal press that is hostile to this president and

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conservative values generally. Secondly, it deflect attention from

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some of the stories that would otherwise be gaining traction about

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the disarray and disorganisation in his White House, despite the fact

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that they say it's running like a well oiled machine. It is not, and

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people who have been through transitions in the White House

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before will freely say so. Republicans and Democrats alike.

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Finally, it is a message that allows, I think the president to try

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to inoculate himself from setbacks and criticism to come. The more you

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demonise or marginalise the media, the less in this way of thinking,

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the media may factor in down the line. That being said, huge

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criticism is proper for the media. That is out there. It's the way he's

:14:37.:14:41.

going about it, the personal vindictiveness and going as the

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former president said, in an institutional way against a

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fundamental pillar of the democracy. As we were suggesting earlier, the

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American press's reputation is not particularly strong. You have

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alluded to it. I did see one poll that showed that actually the media

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is more popular at the moment than president Trump. That's quite a feat

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for the president Trump to have achieved that. Is there a sense this

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might be producing a bit of a backlash? Yeah. I mean, it is

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phenomenal. Donald Trump is the ultimate media irony. He is a media

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creation who ran against the media to be elected. He has been railing

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against the media since it's been elected, and other media are showing

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signs of remission. It was a poll that you cited, and more Americans

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said that they trusted for credibility the media than the

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president of the United States. He is playing a dangerous game. I was

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just going to say, there's obviously a lot of concern within the White

:15:44.:15:46.

House not just with the president about the leaks to the press that

:15:47.:15:49.

was particularly taken by one quoted in the New York Times from the

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communications director, who says if this fight against leaks is leaked,

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they'll be big trouble. And of course, it was leaked. They clearly

:15:59.:16:03.

have big problems with leaks. Does that say something about how the

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administration is being run? Yes. Having covered other White Houses,

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the more competition in the White House, the more power centres, the

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more leaks there. I think that is what they are experiencing now. They

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also read against anonymous sources. And yet the budget briefing that the

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of management and budgeted today, there's insisted on being anonymous,

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their names were not attached. Welcome to Washington. Washington is

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a town that leaks, there is a lot of people here who know a lot of

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people, it is easy to league without getting caught. We have

:16:37.:16:39.

whistle-blowing protection in this country that protects people leaking

:16:40.:16:44.

information about wrongdoing. They will have to get used to it. One

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British toy today is Amber Rudd using the term fake news to describe

:16:51.:16:54.

criticism she doesn't like. How corrosive to think that term is --

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British story. Very corrosive. This is one of my biggest concerns as a

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journalist, former journalist and an educator now, because we're

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confusing the public with this. Fake news is deliberately, maliciously,

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completely fictitious creation of information to mislead and

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misdirect. News you don't like, including unfair or sensational

:17:22.:17:25.

reporting, may be irresponsible ruse. But it's not fake news. Fake

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news is exploding around the world -- responsible news. People need to

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be informed about it. People in public life should be joining with

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news organisations to figure out what they can use is and how public

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needs to distinguish from it. We should be allowing the public that

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is informed with real facts. Thank you for joining us. I want to get a

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Brexit in the second, but does this phenomenon of the antipathy we have

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seen develop between President Trump and the media, I using that develop

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in Europe as well, or is it uniquely American? I have seen it here. In

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Britain. I just mentioned Amber Rudd, getting criticism over child

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refugees and used that term fake news. And it became a story today

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that suddenly is crossing the Atlantic and politicians and Jeremy

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Corbyn has also talked in interviews on the BBC about fake news and

:18:22.:18:26.

alternative facts. Those mannerisms and those sort of catchphrases that

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we have Donald Trump are in some part ridiculed over here, the bowels

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are being used as well by politicians. I think Frank is right.

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That's rhetoric they are being used. Former British Prime Minister John

:18:36.:18:40.

Major has broken months A staunch "Remainer" himself,

:18:41.:18:42.

Mr Major warned before the referendum that a vote to leave

:18:43.:18:45.

would poison Europe Here's what he's been saying

:18:46.:18:47.

in London in the past hour. I've watched with growing concern

:18:48.:18:55.

as the British people have been led to expect a future that seems to be

:18:56.:19:03.

unreal and overoptimistic. Obstacles are brushed aside

:19:04.:19:06.

as if of no consequence, whilst opportunities are inflated

:19:07.:19:08.

beyond any reasonable I have absolutely no wish

:19:09.:19:10.

to re-enter it in any capacity. I do not seek publicity more often

:19:11.:19:22.

than not I shy away from it. But I can't ignore what I

:19:23.:19:26.

learned in government. Nor can I forget the people

:19:27.:19:31.

who voted to leave Europe in the belief that it might

:19:32.:19:33.

improve their lives. If events go badly,

:19:34.:19:37.

their expectations will not be met. And whole communities

:19:38.:19:42.

will be worse off. John Major joining the former Prime

:19:43.:19:55.

Minister Tony Blair as well, who criticised the Brexit process. Does

:19:56.:19:58.

this make any difference? He's being very tough on Brexit, he is a remain

:19:59.:20:02.

a macro, will people listen, will it make any difference? I don't think

:20:03.:20:08.

it is altogether different from what we heard from another former Prime

:20:09.:20:11.

Minister, Tony Blair a couple of weeks ago. He does say in this

:20:12.:20:15.

speech, and I have read it throughout, that if there was a hard

:20:16.:20:19.

Brexit, there will be cuts to the NHS and welfare State. And there

:20:20.:20:23.

will be some sympathy on some parts of the Brexit side for that,

:20:24.:20:26.

particularly those who don't want to see how Brexit. He also has some

:20:27.:20:31.

experience of what it's like negotiating in Europe, so he does

:20:32.:20:34.

concede at least that the Prime Minister needs to be given some

:20:35.:20:39.

slack. You might remember back in 1997, when he was negotiating on the

:20:40.:20:43.

single currency, that famous quote when he said whether you agree with

:20:44.:20:48.

me or disagree with me, like me or loathe me, don't bind my hands when

:20:49.:20:51.

I'm negotiating on behalf of the British nation. I'm sure Theresa May

:20:52.:20:56.

would certainly have sympathy with that amid a negotiation she's going

:20:57.:21:00.

into. One last thing, he says that there needs to be more charm in the

:21:01.:21:07.

debate. Then he goes on, in my view, to associate Brexit with some of the

:21:08.:21:10.

worst characteristics of populism. He says Brexit is giving rise to a

:21:11.:21:14.

mixture of bigotry, prejudice and intolerance. I know, speaking to a

:21:15.:21:19.

lot of people who voted for Brexit, that that metropolitan view of

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Brexit is frowned on. And I don't think it will win him many friends.

:21:26.:21:29.

So not as charming as it might be? It won't win many friends on the

:21:30.:21:33.

Brexit side, and papers will pick up on that tomorrow.

:21:34.:21:37.

We're always looking out for the stand out 'moments'

:21:38.:21:39.

in awards ceremonies, and last night's oscars proved to be

:21:40.:21:41.

more memorable than most - when the best picture award,

:21:42.:21:44.

and biggest prize of the night, was handed to the wrong film.

:21:45.:21:52.

Accountancy firm PricewaterhouseCoopers have

:21:53.:21:53.

since apologised for the mix up which put Warren Beatty

:21:54.:21:55.

Will provide the love, the compassion and the humanity that

:21:56.:22:22.

will narrate the story of our lives tomorrow.

:22:23.:22:29.

Moonlight, You guys won Best Picture.

:22:30.:22:37.

I'm afraid they read the wrong thing.

:22:38.:22:42.

This is not a joke, Moonlight has won Best Picture.

:22:43.:22:44.

I still can't watch it. It is excruciating. The media have had

:22:45.:23:03.

great fun with this today. People in glass houses. What we've done is

:23:04.:23:06.

pulled out a couple of things where the media got it spectacularly wrong

:23:07.:23:14.

as well. This is a headline in the Chicago daily Tribune in November 19

:23:15.:23:19.

48. The polls and pundits, no room for doubt, Thomas Dewey would defeat

:23:20.:23:26.

Harry Truman, except he didn't. That paper might have been pulped and

:23:27.:23:29.

everybody might have forgotten it worked for the fact that Mr Truman

:23:30.:23:34.

on his way to Washington came a train to St Louis and someone handed

:23:35.:23:39.

him a copy of that front page. The Chicago Tribune didn't like him and

:23:40.:23:43.

he'd like them. Sadly, you don't even have to go that far back,

:23:44.:23:48.

because there was an incident in 2016, just on the eve of the last

:23:49.:23:53.

election, that have a look at this picture. This is Hillary Clinton's

:23:54.:23:58.

hand signing a copy of Newsweek cover with the title, you can see a

:23:59.:24:04.

guy, Madam President. They had run two covers, there she is on the 7th

:24:05.:24:10.

of November in Pittsburgh and she signs the copy. That was as close as

:24:11.:24:16.

she came to having herself be declared president. They had to

:24:17.:24:19.

recall 125,000 copies and pulp them. I here you can buy them on eBay. I

:24:20.:24:28.

found one of, this one goes back to June 2000 15. I've been digging

:24:29.:24:31.

around in the archives all day. This was the day Donald Trump declared he

:24:32.:24:35.

was running for presidency, have a look. Thanks. I wonder why people

:24:36.:24:41.

with very little chance of actually getting into the oval office run for

:24:42.:24:45.

the presidency. He says that he's the most successful of all the

:24:46.:24:49.

Republican candidates, that's what he told a newspaper in Iowa

:24:50.:24:53.

recently, pointing to his business record in saying that he's the guy

:24:54.:24:57.

that can fix America. At one point during that rather rambling stream

:24:58.:25:00.

of consciousness announcement speech, he even said that we need to

:25:01.:25:03.

fix the immigration problem and it needs to start with a walk, and by

:25:04.:25:08.

the way underwear best person in America to build walls. So I guess

:25:09.:25:13.

that is ushered by the way, I'm the best person in America. I'm

:25:14.:25:20.

sceptical. That President Trump to you! I did point you in the

:25:21.:25:26.

direction of that clip. Even the best get it wrong! You're watching

:25:27.:25:31.

100 Days from BBC News. Still to come for viewers on the BBC

:25:32.:25:35.

News Channel and BBC World News. The shooting of an Indian immigrant

:25:36.:25:45.

in Kansas a hate crime? Will hear from his family and friends? We will

:25:46.:25:49.

take a closer look at Donald Trump's approval ratings. They are at a

:25:50.:25:53.

record low for this stage in a presidential term. That is still to

:25:54.:25:55.

come for viewers. Everything except the kitchen sink

:25:56.:26:16.

today. Rain, hail, snow, sunshine as well. Weather watchers have been

:26:17.:26:20.

doing as proud. This shot taken in the Highlands earlier on. A covering

:26:21.:26:26.

of snow. We have variety over the next few days. A real mottled look

:26:27.:26:31.

to things. Cons of cloud producing heavy showers, but gaps in between,

:26:32.:26:37.

nailing down exactly where the gaps will arrive is not easy. Showers

:26:38.:26:44.

likely overnight. Ice is a more widespread hazard up and down the

:26:45.:26:48.

UK, freezing fog patches mixed in. Weather winds full light, because it

:26:49.:26:52.

will be called on. Temperatures close to or below freezing in many

:26:53.:26:56.

places out of town in particular. By morning, a clump of rain, pushing

:26:57.:27:03.

across the West of Scotland. Snow mostly on higher ground. It had

:27:04.:27:06.

south-eastward through the morning. Ahead of that, a lot of sunshine.

:27:07.:27:10.

The bright and sunny start for many. I wouldn't call up the odd shower

:27:11.:27:15.

from the word go, even some eastern counties of England. -- wouldn't

:27:16.:27:18.

rule out. You will need a few layers, because they'll be a notable

:27:19.:27:24.

breeze. Judges will fall when the showers coming. These continue to

:27:25.:27:28.

track way south-eastwards. Redbrick temperatures will fall. Barring

:27:29.:27:35.

that, it brightens up -- behind that. Dry weather here. Not exactly

:27:36.:27:41.

warm, temperatures held in single figures nationwide. When showers,

:27:42.:27:45.

Ron, they fall by a few degrees. We say goodbye to this chap. As we head

:27:46.:27:49.

into Tuesday, we look to the south-west from the next feature

:27:50.:27:53.

coming off the Atlantic. Ahead of that, cold and frosty for many

:27:54.:27:56.

places on Wednesday, the best of the sun shone across central and

:27:57.:27:59.

northern areas. This front of entry will bring some rain into the

:28:00.:28:04.

south-west, a question about how far north that extends. Another chilly

:28:05.:28:08.

there, particularly in northern areas. A strong jet stream propels

:28:09.:28:13.

bands of rain in our direction again, and the behaviour of the jet

:28:14.:28:17.

stream, the King will determine how far north areas of rain extent later

:28:18.:28:21.

on in the week with some snow mixed in as a doctor in the kink. Rain and

:28:22.:28:28.

shine, and the ongoing risk of some snow.

:28:29.:30:09.

Welcome back to 100 Days with Katty Kay in London,

:30:10.:30:11.

A huge boost for the US military spending power,

:30:12.:30:20.

as Donald Trump says he wants to boost the defence budget

:30:21.:30:23.

And a vigil for the Indian-born victim of a shooting in Kansas,

:30:24.:30:30.

we'll hear from some of his family and friends.

:30:31.:30:36.

No country has suffered as much through the Eurozone

:30:37.:30:38.

And yet, after seven years of austerity there are signs

:30:39.:30:44.

the country could be slipping into recession again.

:30:45.:30:49.

The Deputy Foreign Minister has told the BBC that

:30:50.:30:52.

in the current political climate, Europe's politicians should be

:30:53.:30:54.

wary about the demands they put on his country.

:30:55.:30:58.

Greece needs 7 billion euros to pay its debts in July.

:30:59.:31:02.

In return for more money the creditors -

:31:03.:31:04.

who return to Greece tomorrow - want more reform.

:31:05.:31:07.

In a courtroom on outskirts of Athens, frustration with deficit and

:31:08.:31:23.

debt and deadlines from banks boils over. The man in the striped shirt

:31:24.:31:31.

is a lawyer, coming to process a repossession order on a building

:31:32.:31:33.

whose owners couldn't pay their mortgage. The activists have come to

:31:34.:31:41.

stop him. He can't get the case heard because he can't make himself

:31:42.:31:45.

heard and it's abandoned for the day. A victory in the fightback

:31:46.:31:51.

against austerity, the protesters. 50% of Greek people are poor, the

:31:52.:31:58.

limits of indignity and we are here to protect those people who cannot

:31:59.:32:02.

protect themselves because the state does not protect these people. After

:32:03.:32:11.

years of cuts, many Greeks feel the IMF and the Eurozone leaders are

:32:12.:32:18.

preparing to demand more. Traders in the Athens fish market say that

:32:19.:32:22.

business has fallen by 70% since the debt crisis begun to bite seven

:32:23.:32:27.

years ago. They warned that they and their customers can't take any more.

:32:28.:32:34.

TRANSLATION: We don't believe them, they always want more cuts. Always

:32:35.:32:40.

new cuts and there are never new jobs. If the IMF and Eurozone impose

:32:41.:32:45.

more austerity, nothing will change. Investment will make things better

:32:46.:32:52.

but austerity won't stop Brake problems with debt have an agent

:32:53.:33:00.

feel. -- Greek problems with debt. The Greek government say that the

:33:01.:33:03.

changes are part of a wave of populism around the world that are

:33:04.:33:08.

going to help it to resist demands from its creditors for new cuts. All

:33:09.:33:16.

the people of Europe, especially Greece because we have been hit by

:33:17.:33:21.

austerity. We must work harder than the rest of Europe. This is the real

:33:22.:33:26.

question, how to reverse austerity. I think there is hope of that

:33:27.:33:31.

because the elite cannot govern as they have in the past. Plenty of

:33:32.:33:38.

Greeks want their government to push back hard against any calls for more

:33:39.:33:41.

austerity. These protesters are coming is. Not likely to be part of

:33:42.:33:48.

any government but certainly part of a drumbeat of discontent against any

:33:49.:33:53.

deal with international creditors that would mean further hardship

:33:54.:33:58.

here -- these protesters are communists. They have talked about

:33:59.:34:03.

light and the end of the tunnel on Greek debt but the meeting from

:34:04.:34:07.

meetings like this is that it's a tunnel that keeps getting longer and

:34:08.:34:11.

a light that never seems to get any brighter.

:34:12.:34:15.

Yanis Varoufakis is the former Finance Minister of Greece.

:34:16.:34:17.

320 billion euros of debt in Greece, can the country ever recover with

:34:18.:34:33.

substantial debt relief? The simple answer is no. I stood for election

:34:34.:34:40.

and became finance minister, I wanted to restructure the debt and

:34:41.:34:44.

have a decent fiscal policy and make the reforms necessary to bring about

:34:45.:34:48.

recovery. That will never happen because the biggest creditor,

:34:49.:34:51.

Germany, is going into an election, they wouldn't countenance debt

:34:52.:34:54.

relief and they say it wouldn't set the right example for countries like

:34:55.:35:05.

Spain that have report. The question is, is it going to be restructured

:35:06.:35:10.

upfront, giving an opportunity for the economy to recover. -- Spain

:35:11.:35:21.

that have reformed. Or is the cow going to die and there will be no

:35:22.:35:25.

milk? Some would say that this cycle has gone on for seven years, it is

:35:26.:35:30.

never-ending, why not cut the ties with the Eurozone and do what all

:35:31.:35:35.

countries do when they are in this mess, devalue the currency, default

:35:36.:35:40.

on the debt and structure reform? Even we were in a situation like

:35:41.:35:43.

Britain in the early 90s with the exchange rate mechanism, when you

:35:44.:35:48.

have the unsustainable fixed exchange rate and it changed as it

:35:49.:35:54.

did under Norman Le Mans, my good friend, of course you do it --

:35:55.:36:02.

Norman Lamb on. We didn't have a currency that was stuck to the Euro,

:36:03.:36:08.

we had the euro. You're saying you can't do it, if you go back to the

:36:09.:36:12.

drachma? Anything is possible but the costs are immense. To do what

:36:13.:36:17.

you suggested, you need to announce a devaluation 12 months before it

:36:18.:36:20.

happens because that's how long it takes to create a new currency

:36:21.:36:25.

before you devalue it. Imagine if Harold Wilson had to announce 12

:36:26.:36:31.

months in advance the devaluation in the 60s. Some would say that if you

:36:32.:36:36.

take the Eurozone to the cliff edge and say you are going to just

:36:37.:36:42.

default on this, the alternative is that they may consider debt release.

:36:43.:36:48.

That is what I did but my Prime Minister did not back me at the last

:36:49.:36:53.

moment. He betrayed you. I would knew such emotive language, I think

:36:54.:36:56.

he undermined himself and now he has to sign on the dotted line of

:36:57.:37:00.

agreements which he knows are designed to fail. He might say that

:37:01.:37:06.

you found out to your cost that it isn't as easy finding a solution

:37:07.:37:08.

when you are in the job. I was always telling him, I was warning

:37:09.:37:15.

him it was going to be difficult. For three years before we get into

:37:16.:37:18.

government together, I was telling him that the first thing that would

:37:19.:37:24.

happen the ECB, the central bank is going to pick up the phone and

:37:25.:37:30.

threaten us with bank closures. My reason for taking over the finance

:37:31.:37:36.

ministry was the time -- was designed so that Mario Draghi would

:37:37.:37:41.

come to the table with a decent agreement with some compromise.

:37:42.:37:44.

Something has changed and that is Brexit. We were told at one point

:37:45.:37:50.

that it was thought that Greece should be allowed to go. Not just at

:37:51.:37:53.

one point, for many years. Perhaps more ready to countenance that now.

:37:54.:38:04.

He was gung ho about Brexit. He has a very clear plan for the Eurozone,

:38:05.:38:11.

which involve things like Grexit, he has a very clear plan, but the

:38:12.:38:19.

Chancellor only wants to expand the crisis. Greece's collateral damage

:38:20.:38:27.

is a war between two politicians, Angela Merkel and the IMF.

:38:28.:38:32.

Some interesting thoughts, something has to give and the creditors are

:38:33.:38:35.

starting their work tomorrow in Athens. We'll bring you more news on

:38:36.:38:40.

that when they get to some kind of resolution.

:38:41.:38:42.

An American man accused of murdering an Indian immigrant,

:38:43.:38:47.

after reportedly shouting "get out of my country," is appearing

:38:48.:38:49.

Police are investigating whether the shooting was a hate crime.

:38:50.:38:53.

Rajini Vaidyanathan has travelled to Kansas to meet family

:38:54.:38:55.

and friends of the victim, Srinivas Kuchibhotla.

:38:56.:39:03.

The message and this vigil, stand by everyone. -- at this vigil. People

:39:04.:39:12.

from all faiths and communities came here to mourn a man who lived and

:39:13.:39:18.

worked in the City. 32-year-old Srinivas Kuchibhotla was an engineer

:39:19.:39:22.

who moved to Kansas from India. After work last week he went for a

:39:23.:39:25.

drink with his best friend when a man approached their table. He

:39:26.:39:31.

randomly comes up and start pointing fingers. We knew something was

:39:32.:39:37.

wrong. What did he say? He came towards me and said, which country

:39:38.:39:40.

are you from? Are you here illegally? The man was escorted out

:39:41.:39:46.

of the bar as eyewitnesses heard him shout, get out of my country, but he

:39:47.:39:51.

later returned. You are drinking beer, you're with your friend, next

:39:52.:40:00.

he is back with a gun. And I heard a pop. Next thing I know, I was on the

:40:01.:40:05.

ground. Two down, gunshot wound to the chest. We have a third with a

:40:06.:40:13.

hip wound. Srinivas was killed in the attack which left a local

:40:14.:40:17.

injured. I was more than happy to risk my attacks to help others. This

:40:18.:40:23.

man chased the gunmen, was also shot and is recovering in hospital.

:40:24.:40:27.

51-year-old Adam Purinton has been charged with murder and attempted

:40:28.:40:31.

murder and the FBI is investigating whether this was a hate crime.

:40:32.:40:36.

Srinivas and his wife had built a life together in America but in

:40:37.:40:39.

recent months he had become concerned about living here. When

:40:40.:40:44.

the recent elections happened, he was watching it so closely. I was

:40:45.:40:49.

talking to Srinivas and I was like, Will we be saved in this country? I

:40:50.:40:58.

was so worried. I think that the hate crime will be more open now.

:40:59.:41:04.

Will it be safe for us to go to the maul, will it be safe for us to go

:41:05.:41:09.

to the office? He hugged me like this and he said don't worry, we

:41:10.:41:18.

should be OK. Just days after the attack, Austins Bar and Grill has

:41:19.:41:21.

whether the two men were targeted whether the two men were targeted

:41:22.:41:26.

because of their race. For now, people here want to stress that this

:41:27.:41:31.

is a community that welcomes people from all backgrounds.

:41:32.:41:36.

So sad, what an awful story. Hillary Clinton in the last hour has tweeted

:41:37.:41:41.

about this is, saying that with about this is, saying that with

:41:42.:41:46.

threats and hate crimes on the rise, we shouldn't have to tell the

:41:47.:41:49.

president to do his job, he must speak up. That's from Hillary

:41:50.:41:50.

Clinton. A poll out over the weekend gave

:41:51.:41:51.

President Trump record low approval ratings for a new president so soon

:41:52.:41:57.

after being elected. The poll, for NBC news

:41:58.:41:59.

and the Wall Street Journal, revealed just 44% of people approve

:42:00.:42:02.

of him, rating compared He has an opportunity tomorrow, he's

:42:03.:42:16.

speaking to the joint session of Congress, it's an opportunity to

:42:17.:42:21.

reset, would you say, after 40 fairly turbulent days? He'll have to

:42:22.:42:26.

fill in some more details of his agenda, he'll have to talk about tax

:42:27.:42:29.

reform and the infrastructure bill that we haven't seen anything from.

:42:30.:42:32.

More about Obamacare. One thing More about Obamacare. One thing

:42:33.:42:37.

about that opinion poll and I think it will influence what he says to

:42:38.:42:42.

Congress, he has overwhelming support from Republicans, 85% of

:42:43.:42:44.

them still support what the president is doing. Losing some

:42:45.:42:51.

ought -- support amongst them across and independence but his base happy

:42:52.:42:53.

with what they are saying. That's it for One Hundred Days -

:42:54.:42:54.

we'll be back at the same time

:42:55.:42:58.

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