Browse content similar to 15/11/2011. Check below for episodes and series from the same categories and more!
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New York police cleared the first anti- capitalist camp that inspired | :00:09. | :00:13. | |
a worldwide protest movement. More than 70 protesters were arrested | :00:13. | :00:19. | |
for defying orders to leave. But most of those Diddley voluntary. | :00:19. | :00:24. | |
Based around of the park in riot gear. They are trying to block off | :00:24. | :00:34. | |
:00:34. | :00:43. | ||
every street right now. They are Welcome to GMT. In the programme, | :00:43. | :00:49. | |
heading for victory. Spanish polls put the right-wing candidate in the | :00:49. | :00:52. | |
lead, but winning the election will beat the easy part. I'll be | :00:52. | :00:55. | |
reporting from Spain, where the Socialist government is bracing | :00:55. | :00:59. | |
itself for defeat as the economy heads into even deeper crisis. | :00:59. | :01:03. | |
Syria's opposition leaders meet Russian officials. Can Moscow | :01:03. | :01:13. | |
:01:13. | :01:13. | ||
really played honest broker? It is 1230 in London, 8:30pm in Hong Kong | :01:13. | :01:16. | |
and 7:30am in New York, where police have closed down the | :01:16. | :01:20. | |
original occupy Wall Street encampment. It saw several arrests | :01:20. | :01:25. | |
and accusations of heavy hand it must from the protesters. They'd | :01:25. | :01:28. | |
been in the city's parks since September, spawning a protest | :01:28. | :01:33. | |
movement that spread across the Atlantic to Europe. The Europe -- | :01:33. | :01:35. | |
the New York authorities said the encampments became a health hazard | :01:35. | :01:45. | |
:01:45. | :01:59. | ||
and say the protesters can return I am sorry, we've got a problem | :01:59. | :02:04. | |
with that report. It just came in a few minutes ago. Let's go to a | :02:04. | :02:10. | |
report we've also got from Humphrey Hawksley, on the events of that | :02:10. | :02:18. | |
night-time operation, clearing Zuccotti Park. Stay calm, do not | :02:18. | :02:25. | |
give up! It is 1am and police start to evicted protesters from there it | :02:25. | :02:28. | |
two a month old encampment in the shadow of Wall Street. Those who | :02:28. | :02:31. | |
came here to demonstrate against corporate greed and the gap between | :02:31. | :02:39. | |
rich and poor are being ordered out. The whole world is watching! | :02:39. | :02:43. | |
police say they are clearing the park to clean it. The owners have | :02:43. | :02:47. | |
complained about the dirty conditions. Some chained themselves | :02:48. | :02:52. | |
together in protest. Others go. They're angry confrontations | :02:52. | :02:58. | |
between the police and the protesters. At about 3:25am they | :02:58. | :03:04. | |
started with arrests. It immediately escalated into punching. | :03:04. | :03:08. | |
The police pushed a big group of us. The woman in front of me had a | :03:08. | :03:12. | |
whole bunch of people behind her and couldn't back up. The police | :03:12. | :03:16. | |
started beating her with batons. I went to helper but we got sprayed | :03:16. | :03:22. | |
with pepper spray. What is going on in this city that you think this is | :03:22. | :03:26. | |
necessary? The one so from the rows of riot police lining the streets, | :03:26. | :03:30. | |
blocking off access to the park as the protesters were removed. The | :03:30. | :03:33. | |
protesters are angry about being evicted. They've been told they can | :03:33. | :03:37. | |
go back but they've got to go back without any tents, so they know | :03:37. | :03:41. | |
this is the end of their encampment. Already they are planning to move | :03:41. | :03:47. | |
somewhere else in the city. This was the scene in the middle of the | :03:47. | :03:51. | |
night. Those who came here to make their voices heard against what | :03:51. | :03:56. | |
they see as corporate excess left without a place to protest. What do | :03:56. | :04:04. | |
you think about the fact you've been evicted? I think it's sad but | :04:04. | :04:10. | |
maybe it's what we needed. I think it will just make us stronger. | :04:10. | :04:15. | |
protesters are roaming the streets of trying to regroup. Some want to | :04:15. | :04:20. | |
retake the park once it's been cleaned. Others say their powerful | :04:20. | :04:22. | |
anti- capitalist message has been heard and it doesn't matter where | :04:22. | :04:32. | |
Staying with the US but turning to political rather than financial | :04:32. | :04:36. | |
leadership, we can see that trying to prove you can run the country is | :04:36. | :04:39. | |
no easy task. The Republican Party are holding a series of debates | :04:39. | :04:43. | |
between the party members hoping to be nominated as a candidate for | :04:43. | :04:47. | |
next year's elections. Last week, Texas Governor Rick Perry had an | :04:47. | :04:50. | |
absent-minded moment and forgot which government department he | :04:50. | :04:55. | |
would cut if he got into power. Yesterday it was White House | :04:55. | :04:59. | |
hopeful Herman Cain's turned to go a little bit blank, when a reporter | :04:59. | :05:03. | |
from the Milwaukee Journal Sentinel asked him about one of the biggest | :05:03. | :05:08. | |
foreign policy stories of the year. So you agreed with President Obama | :05:08. | :05:18. | |
:05:18. | :05:30. | ||
on Libya? OK, Libya. President Obama supported the uprising - | :05:30. | :05:36. | |
correct? President Obama called for the removal of Gaddafi, I want to | :05:36. | :05:40. | |
make sure we are talking about the same thing before I say yes, I | :05:40. | :05:45. | |
agree, or no, I didn't agree. I do not agree with the way he handled | :05:45. | :05:55. | |
:05:55. | :06:07. | ||
I've got to go back... I've got all this stuff twirling around in my | :06:07. | :06:13. | |
head. Herman Cain there. We will have more on that, on the | :06:13. | :06:17. | |
Republican nomination race, later in the programme. Let's take a look | :06:17. | :06:21. | |
at some of the other stories making headlines around the world. Syrian | :06:21. | :06:25. | |
opposition activists say at least 80 people were killed on Monday by | :06:25. | :06:29. | |
government forces. The opposition is responding to the latest | :06:29. | :06:33. | |
violence with a multi- pronged a diplomatic offensive. Their | :06:33. | :06:37. | |
representatives have held talks in Moscow with the Russian Foreign | :06:37. | :06:44. | |
Minister, Sergei Lavrov. The head of the Syrian National Council has | :06:44. | :06:47. | |
been speaking to reporters in Moscow after that meeting with the | :06:47. | :06:51. | |
Russian Foreign Minister. He is part of what he had to say. | :06:51. | :06:58. | |
wanted to explain to our Russian Bent -- friends about our point of | :06:58. | :07:04. | |
view. About the need to adopt these decisions by the Arab League, | :07:04. | :07:10. | |
Russia and the international community, so that we can form a | :07:10. | :07:16. | |
force that will put pressure on the regime, that would prevent it from | :07:16. | :07:26. | |
:07:26. | :07:27. | ||
getting away, from stopping the killings. Let's go now to Daniel | :07:27. | :07:33. | |
Sandford, our correspondent in Moscow. What exactly is Moscow up | :07:33. | :07:37. | |
to? On the one hand, they seem to veto any suggestion of taking | :07:37. | :07:42. | |
action at the UN, but here they are talking to the opposition. Russia's | :07:42. | :07:46. | |
position is they don't believe that further sanctions on necessary or | :07:46. | :07:50. | |
useful. They don't want to see any kind of unnecessary pressure | :07:50. | :07:54. | |
towards regime change in Syria. But what they do want to see is some | :07:54. | :07:58. | |
kind of negotiated solution. They recognise there are some legitimate | :07:58. | :08:01. | |
complaints by the opposition in Syria, and what they want to see is | :08:01. | :08:04. | |
the Syrian government and opposition talking together. What | :08:04. | :08:08. | |
is at the meeting today for Russia is to try and persuade the Russian | :08:08. | :08:12. | |
-- the opposition groups to get around the table to negotiate this. | :08:12. | :08:16. | |
But the opposition group's view is, we want to see pressure from | :08:16. | :08:21. | |
countries like Russia on President Al-Assad to resign before we will | :08:21. | :08:29. | |
get into that process. They want to see Assad making clear commitments | :08:29. | :08:32. | |
towards democracy before they will get round the table with him. | :08:32. | :08:35. | |
there is a challenge on the ground for the Russian position. We are | :08:35. | :08:41. | |
hearing that dozens of people, possibly as many as 70 or 80 shot | :08:41. | :08:47. | |
yesterday and today in Syria. How does that help Russia when asking | :08:47. | :08:52. | |
the Syrian opposition to get into a dialogue? It doesn't help at all. | :08:52. | :08:57. | |
Russia is finding itself, as it was over Libya, slightly isolated. At | :08:57. | :09:02. | |
least a Bolivia, Russia had not vetoed these Council resolutions. | :09:02. | :09:05. | |
On Syria, they are saying they would oppose any further sanctions. | :09:05. | :09:10. | |
They are getting themselves in a position where they are starting to | :09:10. | :09:13. | |
see the opposition interior as a supporter of President Assad. | :09:13. | :09:16. | |
That's causing big problems. The opposition groups are saying that | :09:16. | :09:21. | |
Russia is having the wool pulled over its eyes by the Syrian regime | :09:21. | :09:24. | |
and that Russia should start listening to the views of the | :09:24. | :09:27. | |
Syrian people. That is what they've been saying, what was described as | :09:27. | :09:33. | |
very Sybil talks today. I have to say, listening to the press | :09:33. | :09:36. | |
conference after the meeting, it doesn't sound like the two | :09:36. | :09:41. | |
positions have changed very much. The opposition are still saying | :09:41. | :09:46. | |
they want more pressure from Russia on President Assad to stand down, | :09:46. | :09:49. | |
or at the very least make very concrete moves towards | :09:49. | :09:52. | |
democratisation. Do you get the impression that the opposition | :09:52. | :09:57. | |
movement is there simply because it feels it has did, rather than it | :09:57. | :10:02. | |
really does think that Moscow can be some kind of honest broker able | :10:02. | :10:08. | |
to have influence over the Damascus government? I got the impression as | :10:08. | :10:11. | |
they went into these talks that they came here genuinely hoping | :10:11. | :10:16. | |
they could persuade the Russian government, to convince them of | :10:16. | :10:20. | |
their credentials and what they were trying to achieve. It didn't | :10:20. | :10:23. | |
sound from the press conference afterwards that they felt they'd | :10:23. | :10:27. | |
manage to do much persuading. They said it was a perfectly decent | :10:27. | :10:31. | |
discussion and that both sides have listened to each other, but they | :10:31. | :10:35. | |
didn't sound as though they felt that they'd managed to change | :10:35. | :10:39. | |
Russia's position. A British minister has called for the release | :10:39. | :10:43. | |
of political prisoners in Burma. A number of prisoners were due to be | :10:43. | :10:48. | |
released this week but this appears to have been delayed. The | :10:48. | :10:50. | |
international development secretary, Andrew Mitchell, is visiting Burma. | :10:50. | :10:54. | |
It's the first such visit by a British minister for a generation. | :10:54. | :10:57. | |
He told me that the reforms being introduced by the government are | :10:57. | :11:01. | |
grounds for cautious optimism, as he put it, but that more needed to | :11:01. | :11:06. | |
be done. Australia's Prime Minister, Julia Gillard, is pushing to | :11:06. | :11:10. | |
overturn a ban on sales of uranium to India. The move would remove a | :11:10. | :11:13. | |
diplomatic thorn between the two countries and comes ahead of a | :11:13. | :11:17. | |
visit by US President Barack Obama. The ban was introduced four years | :11:17. | :11:20. | |
ago because India had not signed the Nuclear Non-Proliferation | :11:20. | :11:24. | |
treaty. Julia Gillard said a change in policy would strengthen | :11:24. | :11:28. | |
Australia's connection with what she called dynamic, democratic | :11:28. | :11:32. | |
India. As India rises and brings hundreds of millions of people out | :11:32. | :11:37. | |
of poverty, it will need more energy, it is looking to supply 40 | :11:37. | :11:42. | |
% of that energy need through nuclear energy. We are a very big | :11:42. | :11:46. | |
supplier of uranium. So having access to this new and growing | :11:46. | :11:53. | |
market is good for Australian jobs. Italy's new appointed Prime | :11:53. | :11:58. | |
Minister is holding talks with representatives of the two largest | :11:58. | :12:01. | |
political parties today, as he seeks to form a new government | :12:01. | :12:05. | |
which can steer Italy through its debt crisis. Their votes will be | :12:05. | :12:08. | |
crucial in a confidence vote likely this week, which would seal the | :12:08. | :12:18. | |
:12:18. | :12:20. | ||
Back to US politics, the Republican Party are holding a series of | :12:20. | :12:23. | |
debates between the members hoping to be nominated as a candidate for | :12:23. | :12:27. | |
next year's elections. Last week, Texas Governor Rick Perry had what | :12:27. | :12:30. | |
can only be described as an absent- minded moment and forgot which | :12:31. | :12:35. | |
government department he would cad if he got into power. Yesterday, it | :12:35. | :12:39. | |
was White House hope for Herman Cain's turn to go a bit blank when | :12:39. | :12:42. | |
a reporter from the Milwaukee Journal Sentinel asked him about | :12:42. | :12:46. | |
one of the biggest foreign policy stories of the year. Joining me now | :12:46. | :12:55. | |
from Virginia is Dr Larry Sabato, from the University of Virginia. | :12:55. | :13:00. | |
The hopefuls seem to be making a habit of this. Yes, we've learnt | :13:00. | :13:03. | |
two important scientific developments from the Republicans. | :13:03. | :13:07. | |
Brain freeze is real and apparently it's communicable. I don't know if | :13:07. | :13:12. | |
would -- if it will spread between the two we've seen so far. | :13:12. | :13:16. | |
President Obama with a huge smile on his face. They are doing his | :13:16. | :13:22. | |
work for him. They are. Of course, the White House believes in the end | :13:22. | :13:27. | |
that the most credible candidate who will be nominated his former | :13:27. | :13:31. | |
Massachusetts governor Mitt Romney. They are preparing for a very close | :13:31. | :13:36. | |
competitive battle with him. But obviously, to the extent that the | :13:36. | :13:41. | |
other republicans can embarrass me to rob me, it helps a lot. -- | :13:41. | :13:45. | |
embarrassed Mitt Romney. What is it about American politics that throws | :13:45. | :13:49. | |
up this kind of thing? Sitting here on the other side of the pond, it | :13:49. | :13:55. | |
is laughable that men who aspire to the highest office some would say | :13:55. | :14:03. | |
in the world could be like this. Well, I have to be honest with you, | :14:03. | :14:07. | |
Ivor followed politics for 40 or 50 years and I can tell you honestly | :14:07. | :14:10. | |
this is one of the weakest of fields that I've ever seen in | :14:10. | :14:15. | |
either party. That just enhances Mitt Romney's standing, because he | :14:15. | :14:21. | |
is a major player. But most of the other Republican candidates are not | :14:21. | :14:24. | |
really major players, even in their own estates. Texas Governor Rick | :14:24. | :14:28. | |
Perry would be but a number of the others don't even have a home base. | :14:28. | :14:32. | |
This is not an impressive group of opponents. In the end, one would | :14:33. | :14:36. | |
assume that this would mean that the one who is impressive would be | :14:36. | :14:41. | |
nominated. Does it make a difference in the end, because one | :14:41. | :14:46. | |
remembers George W Bush and his brain freeze moments in his | :14:46. | :14:53. | |
campaign. There he was, he was there for eight years. It depends | :14:53. | :14:57. | |
on the opposition. In the case of Texas Governor Rick Perry, I think | :14:57. | :15:02. | |
the brain freeze has heard him. That was just a devastating moment. | :15:03. | :15:08. | |
It has been played and replayed on almost every television channel. It | :15:08. | :15:12. | |
makes him look quite foolish and unprepared. As far as Herman Cain | :15:12. | :15:16. | |
is concerned, this is just the latest in a long series of | :15:16. | :15:19. | |
incidents that suggest to most reasonable people that he is not | :15:19. | :15:23. | |
prepared to be President. I think the sexual harassment charges are | :15:23. | :15:33. | |
:15:33. | :15:35. | ||
more serious for him and are indeed Still to come on GMT: Could this | :15:35. | :15:45. | |
:15:45. | :15:47. | ||
man put the Spanish economy back on First, let's get all the business | :15:48. | :15:55. | |
news. This big debate in Europe, some people say we need to go for | :15:55. | :15:59. | |
growth, others say we have to have austerity and cut. In a way, we're | :15:59. | :16:03. | |
getting some of the answer to that. The new eurozone growth figures are | :16:03. | :16:08. | |
out today. Yes, it is a tough balance. | :16:08. | :16:12. | |
Spending cuts and tax increases are killing of potential growth. For | :16:12. | :16:22. | |
:16:22. | :16:28. | ||
the last three months, eurozone GDP came in and at 0.2%. Germany came | :16:28. | :16:38. | |
:16:38. | :16:40. | ||
in at 0.5%, France at 0.4%. France was better than expected. Greece is | :16:40. | :16:44. | |
Bock down in recession, down by 5.2%. It is better than previous | :16:44. | :16:47. | |
quarters but still a horrible number. This highlights the tough | :16:47. | :16:55. | |
dilemma facing eurozone leaders. We have to make a choice - either | :16:55. | :17:01. | |
belt-tightening or growth. When we look at the Hyde debt numbers in | :17:01. | :17:05. | |
most European countries, it means belt-tightening. You have to accept | :17:05. | :17:10. | |
it will cost growth, but if you do it together with measures that can | :17:10. | :17:13. | |
stimulate and increase growth in the medium term, I think it is the | :17:13. | :17:17. | |
right way to go. It is the right way to go, but the | :17:17. | :17:20. | |
markets want to see what measures are going to be put in place to | :17:20. | :17:25. | |
drive growth. You have to grow yourself out of debt. | :17:25. | :17:31. | |
Tough times or road, including four companies. Richard Branson has been | :17:31. | :17:38. | |
saying, do not let go of some of your more ethical thought. | :17:39. | :17:42. | |
-- thoughts. Absolutely. We will focus on that | :17:42. | :17:46. | |
later if we have more time. I want to focus on the credit rating | :17:46. | :17:54. | |
agencies. The EU has never for given the three big ratings | :17:54. | :17:57. | |
agencies for not giving enough warning about the crisis that hit | :17:57. | :18:01. | |
in 2008, for not revealing some of the uncomfortable truths about the | :18:01. | :18:05. | |
debt that some European countries were sitting on, as well as not | :18:05. | :18:12. | |
giving Europe the credit for post crisis reforms. There is some | :18:12. | :18:16. | |
discussion for an alternative to these three. | :18:16. | :18:22. | |
TRANSLATION: I believe this will start the discussion again that an | :18:22. | :18:25. | |
independent European ratings agency should be founded. That would give | :18:25. | :18:29. | |
an alternative to the American -- the American agencies which are | :18:29. | :18:35. | |
quite dependent on private enterprise. | :18:35. | :18:40. | |
More business later on. For more on the Occupy a Wall | :18:40. | :18:50. | |
:18:50. | :19:02. | ||
Street movement, have a look at our the headlines: Police in New York | :19:02. | :19:06. | |
have carried out an operation to clear and the Wall Street | :19:06. | :19:09. | |
campaigners from their protest camp. In a meeting with Syrian opposition | :19:09. | :19:15. | |
leaders, Russia's Foreign Minister has restated the position that they | :19:15. | :19:20. | |
should engage in dialogue with President Assad. | :19:20. | :19:29. | |
The Chinese artist Ai Weiwei says he has paid the first instalment of | :19:29. | :19:39. | |
:19:39. | :19:40. | ||
a tax bill. The down payment would allow his company to lodge an | :19:40. | :19:45. | |
appeal against his tax demand. He called the payment the price of | :19:45. | :19:54. | |
freedom of speech. Our correspondent joins us. Bring us up | :19:54. | :19:57. | |
to date. He has described his recent life as | :19:57. | :20:01. | |
being like a Hollywood movie. It began earlier this year when the | :20:01. | :20:05. | |
artist was detained for three months without access to a lawyer. | :20:05. | :20:10. | |
He was then released. The authorities said he had not paid | :20:10. | :20:16. | |
his tax. It is something denied by the artist. He says he has paid | :20:16. | :20:19. | |
this bond in order to allow him to fight his case. Much of the money | :20:19. | :20:24. | |
for that Bond has come from his supporters, thousands of supporters | :20:24. | :20:31. | |
who have made online donations. In some cases they have literally | :20:31. | :20:37. | |
throw it over the wall of his studio. Here is what he had to save. | :20:37. | :20:41. | |
Only by doing is do we have a chance to make an appeal. I do not | :20:42. | :20:48. | |
think we can win the case. The whole thing is politically | :20:48. | :20:55. | |
motivated. You will never get a fair trial in China. I see this as | :20:55. | :21:05. | |
a ransom. A few months ago I was kidnapped. This is a payment for | :21:05. | :21:10. | |
the price of freedom of speech. This is not just for me. If you see | :21:10. | :21:15. | |
the report from the young -- the support from the young people, | :21:15. | :21:24. | |
everybody expecting me to fight, to make sure that this kind of action | :21:25. | :21:31. | |
never happens to anyone else. These are the true lives of many people. | :21:31. | :21:35. | |
In my case it is more public. I have a chance to talk about it | :21:36. | :21:40. | |
openly. How this case now precedes really | :21:40. | :21:43. | |
is not clear. We have seen so many developments throughout the past | :21:43. | :21:48. | |
few months. When I met the artist last week he simply said that he | :21:48. | :21:53. | |
did not know what to expect. He added that the authorities simply | :21:53. | :22:02. | |
make up the rules as they go along. Another eurozone country that is | :22:03. | :22:07. | |
suffering is Spain. The country's governing Socialist Party seems to | :22:07. | :22:10. | |
be heading for his worst ever defeat in this week's general | :22:10. | :22:14. | |
election. The opposition Popular Party is promising economic | :22:14. | :22:18. | |
recovery and new jobs. Under pressure from the EU to continue | :22:18. | :22:21. | |
with austerity measures, can be really turn Spain's fortunes | :22:21. | :22:28. | |
around? This report contains flash photography. | :22:28. | :22:33. | |
This was once a Spanish-born town. Today it is a symbol of the | :22:33. | :22:43. | |
:22:43. | :22:43. | ||
country's crisis. Manuel took me to see why. This is | :22:43. | :22:48. | |
their factory he worked out before Spain's economy crashed, wiping a | :22:48. | :22:54. | |
business. TRANSLATION: There are no opportunities here today, nothing. | :22:54. | :23:00. | |
This place was dependent on doors, and that is all gone. | :23:00. | :23:04. | |
Spain's deep economic crisis is a major burden for the Socialist | :23:04. | :23:11. | |
government and the campaign trail. Wide by Alfredo Perez Rubalcaba, | :23:11. | :23:16. | |
the Socialists are still fighting this election. Using scare tactics | :23:16. | :23:21. | |
to rally support, they warned that the conservative Popular Party | :23:21. | :23:27. | |
plans to decimate the welfare state with spending cuts. TRANSLATION: | :23:27. | :23:30. | |
The people who are suffering most in this crisis are traditional | :23:30. | :23:35. | |
voters, the Socialist electorate, so it is hard to convince them. | :23:35. | :23:38. | |
What we're saying is, yes, things are tough now but they will be much | :23:39. | :23:47. | |
worse under the Popular Party. proof they point to Castile-La | :23:47. | :23:51. | |
Mancha. Pharmacists here have not been paid for dispensing | :23:51. | :23:56. | |
prescription medicines for six months. The Popular Party insists | :23:56. | :24:00. | |
it is tending to a sick economy after years of reckless spending | :24:00. | :24:04. | |
under the Socialists. Above all, the opposition is framing itself as | :24:04. | :24:11. | |
the party of change. A policy plans are deliberately vague. We need a | :24:11. | :24:20. | |
new policy and a new government. That is the way to make things | :24:20. | :24:24. | |
change and to start building the confidence and trust that we need. | :24:24. | :24:28. | |
With the entire eurozone in crisis, voters you know that whoever wins | :24:28. | :24:31. | |
this election will have to take tough decisions. There will be | :24:31. | :24:35. | |
bigger spending cuts. Both of the main parties are planning to -- | :24:36. | :24:39. | |
promising to create jobs. There is deep scepticism here that anyone | :24:40. | :24:44. | |
can actually deliver on that. Most people know that the fate of Spain | :24:44. | :24:51. | |
is linked to outside forces. Eurozone leaders and investors are | :24:51. | :24:55. | |
watching closely to see if the government can turn his economy | :24:55. | :25:01. | |
around and avert a bail-out. -- turned this economy around. | :25:01. | :25:04. | |
You might be wondering what to get your nearest and dearest for | :25:04. | :25:09. | |
Christmas. Nothing says I Love You Like a diamond. If you have $15 | :25:09. | :25:13. | |
million burning a hole in your pocket our correspondent has the | :25:13. | :25:18. | |
perfect suggestion for that very special gift. | :25:19. | :25:23. | |
It is called the Sun drop, one of the rarest coloured diamonds in the | :25:23. | :25:29. | |
world. At 110 carats it is probably a little large Ford you ring finger. | :25:29. | :25:33. | |
It is also the biggest diamond of its kind ever to be put up for | :25:33. | :25:39. | |
auction, but will it sell in these times of global financial crisis? | :25:39. | :25:43. | |
$15 million is a very correct estimate, I think, for this diamond. | :25:43. | :25:52. | |
This time last year in Geneva we sold a diamond for $46 million. | :25:52. | :25:57. | |
There are buyers for important, rare coloured diamonds. Ever since | :25:57. | :26:02. | |
the economic downturn began in 2008, Business in gemstones has been | :26:02. | :26:08. | |
burning. Some people clearly still have money. What is more, jewels | :26:08. | :26:15. | |
like these will not lose their value as quickly as the euro or the | :26:15. | :26:24. | |
dollar. Auctioneers are expecting a storm of bids. | :26:24. | :26:28. | |
We are coming to the end of GMT. Before we go, a reminder of our | :26:28. | :26:35. | |
main story. Police in New York's City have closed down the original | :26:36. | :26:40. | |
calcite occupy encampment. There were accusations of heavy | :26:40. | :26:45. | |
handedness from the protesters. They have been in Zuccotti Park | :26:45. | :26:49. |