Browse content similar to 31/10/2011. Check below for episodes and series from the same categories and more!
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It is getting crowded out here. From today, we are sharing the | :00:11. | :00:14. | |
earth with 7 billion others. The global population has doubled in | :00:15. | :00:18. | |
just 50 years. We will hear how some countries want to get even | :00:18. | :00:28. | |
:00:28. | :00:35. | ||
Welcome to GMT. Also coming up - the last few hours of the NATO | :00:35. | :00:40. | |
mission in Libya. The allies say it is a major success, but at what | :00:40. | :00:49. | |
cost? And a night to chill the soul, as an unseasonal snowstorm hits the | :00:49. | :00:54. | |
north-east of the United States. It is lunchtime in London, 8:30am in | :00:54. | :01:04. | |
:01:04. | :01:04. | ||
New York. Today is the daily chosen by the United Nations to mark the | :01:04. | :01:13. | |
arrival of the 7 billionth occupant on the earth. What matters about | :01:13. | :01:17. | |
today is the impact of the soaring population on the planet. We will | :01:18. | :01:22. | |
be live in Africa to talk about it in a moment. First, this report | :01:22. | :01:26. | |
from our correspondent. It is more about symbols than exact science, | :01:26. | :01:30. | |
when it comes to global population. The UN has declared that in each | :01:30. | :01:36. | |
country, one baby born on 31st October becomes the 7 billionth | :01:36. | :01:42. | |
person. There are mini Tanni candidates. The Philippines' | :01:42. | :01:49. | |
contribution is this baby. Blissfully unaware of her celebrity | :01:49. | :01:56. | |
status. Born into a crowded public hospital in Manila, she was greeted | :01:56. | :02:00. | |
with a chocolate cake and speeches. Family planning is a controversial | :02:00. | :02:05. | |
issue in this Catholic country, and her mother has decided to defy | :02:05. | :02:11. | |
Church teaching and practise birth control. This little boy is that | :02:11. | :02:19. | |
chosen one in Russia. But a quarrel is brewing. In the Far East of the | :02:19. | :02:22. | |
country, local politicians have declared another candidate as the | :02:22. | :02:32. | |
:02:32. | :02:34. | ||
first to be born on this day. Russia has a shrinking population. | :02:34. | :02:40. | |
But India has the opposite problem. It has been projected that in 2025, | :02:40. | :02:45. | |
its population will overtake China's. There is also a sex ratio | :02:45. | :02:51. | |
problem, because of a cultural preference for boys. So in one | :02:51. | :02:57. | |
region, they said they would be nominating seven girls. In 20 | :02:57. | :03:02. | |
years' time, there will be far less girls than boys at a marriage age. | :03:02. | :03:06. | |
That means that girls will be brought in from different states. | :03:06. | :03:11. | |
They will be brought in from a different society, and they will be | :03:11. | :03:15. | |
less empowered to deal on equal terms with their husband. China is | :03:15. | :03:20. | |
also dogged by a shortage of girls. But the government there believes | :03:20. | :03:25. | |
its draconian family planning policy has paid dividends. Its | :03:25. | :03:29. | |
problem now is not enough young Chinese to support a huge elderly | :03:29. | :03:35. | |
population. So, 7 billion and counting. And for many, the key | :03:35. | :03:40. | |
question is, how to manage the earth's scarce resources so that | :03:40. | :03:45. | |
babies born now have a bright future. Much of the world | :03:45. | :03:49. | |
population growth is coming from Africa. In Zambia, half the | :03:49. | :03:54. | |
population is aged under 16. Nigeria, already the largest | :03:54. | :03:59. | |
country on the continent, is also seeing the demographic boom. Our | :03:59. | :04:03. | |
correspondent joins us from Lagos, a city of 15 million and still | :04:03. | :04:11. | |
growing. Yes, welcome to what has been called the baby factory by its | :04:11. | :04:16. | |
director. This is a maternity hospital in Lagos, the post-natal | :04:16. | :04:20. | |
ward, with about 50 women here, who have given birth in the past few | :04:21. | :04:25. | |
days. There is an extraordinary atmosphere here, as some of the | :04:25. | :04:33. | |
Dad's turn up, nappies are being changed, milk is being fed. There | :04:33. | :04:37. | |
is lots of breast feeding going on as well. One of the women worthy of | :04:37. | :04:42. | |
much congratulations is this one with me now. How are you and your | :04:42. | :04:48. | |
little one doing? Fine, thanks. He is a nice boy. I gave birth on | :04:49. | :04:54. | |
Tuesday, it is nearly a week now. He seems fine. Is he your first | :04:54. | :05:02. | |
one? Yes, and I would like to have two more. Just two more, that's | :05:02. | :05:11. | |
quite small by Nigerian standards. Before, about five years ago... | :05:11. | :05:16. | |
sorry, we seem to have lost our correspondent there. Problems with | :05:16. | :05:20. | |
the satellite. We can bring you some breaking news coming in from | :05:20. | :05:28. | |
Paris. Unesco, the United Nations cultural organisation, has voted in | :05:28. | :05:36. | |
favour of giving the Palestinians full membership. 107 votes against | :05:36. | :05:45. | |
14, with 15 abstentions. The United States and Israel were firmly | :05:45. | :05:51. | |
opposed. It is going to cost Unesco dear, because having approved this, | :05:51. | :05:56. | |
they will lose their funding from the US, which amounts to some 22%. | :05:56. | :06:02. | |
It is not clear who will step in to meet that. They needed the backing | :06:02. | :06:09. | |
of to thirds of the 193 members, but this is another step, really, | :06:09. | :06:19. | |
:06:19. | :06:22. | ||
towards the aspiration of full statehood. That news just in. | :06:22. | :06:30. | |
Unesco, the world heritage organisation, making that decision. | :06:30. | :06:35. | |
Some of the other headlines. The Australian airline Qantas has | :06:35. | :06:38. | |
resumed flights following the industrial dispute. The company | :06:38. | :06:44. | |
says services will be back to normal by Tuesday. An independent | :06:44. | :06:48. | |
tribunal forced the airline and the unions to negotiate. A suicide | :06:48. | :06:55. | |
bomber has killed five people in a United Nations building in Kandahar | :06:55. | :07:02. | |
in the southern Afghanistan. The Taliban has claim responsibility. | :07:02. | :07:06. | |
Floodwaters are still wreaking havoc across much of Thailand, | :07:06. | :07:11. | |
swamping suburbs. Much of the capital appears to have escaped the | :07:11. | :07:21. | |
:07:21. | :07:22. | ||
worst of the floods. There is worry about disease in the outer suburbs. | :07:22. | :07:27. | |
NATO is officially ending its seven-month long mission in Libya. | :07:27. | :07:31. | |
The operation began in March, one month after the uprising against | :07:31. | :07:36. | |
Colonel Gaddafi started. NATO has been asked to keep a presence in | :07:36. | :07:45. | |
the country, and discussions are ongoing. Let's go to Tripoli, to | :07:45. | :07:52. | |
speak to our correspondent. Mustafa Abdul Jalil, the head of the NTC, | :07:52. | :07:56. | |
asked NATO to stay until the end of the year, so are they disappointed | :07:56. | :08:05. | |
about this move? I apologise, the line is not very good, but as far | :08:05. | :08:09. | |
as the NTC is concerned, the war against Colonel Gaddafi is over. | :08:09. | :08:15. | |
But they definitely want NATO to stay. The Secretary-General of NATO, | :08:15. | :08:20. | |
Anders Fogh Rasmussen, is here now. He will be speaking with the | :08:20. | :08:23. | |
leaders of the Transitional Council. And he will be talking to them | :08:23. | :08:27. | |
about what kind of a role NATO member states can play as Libya | :08:27. | :08:31. | |
builds its new future, whether that is securing the borders, | :08:31. | :08:36. | |
decommissioning of weapons, or, most importantly, according to the | :08:36. | :08:39. | |
defence ministry here, building a national military. On the ground at | :08:39. | :08:44. | |
least, the war against Colonel Gaddafi's forces was fought by | :08:44. | :08:48. | |
individual militias, nominally loyal to the Transitional Council, | :08:48. | :08:53. | |
but there are quite fond of their weapons and their new-found power, | :08:53. | :09:03. | |
:09:03. | :09:07. | ||
and it will be difficult to draw Let's go to our central London | :09:07. | :09:15. | |
studio, to speak to a Conservative MP, who opposed Britain joining the | :09:15. | :09:23. | |
NATO mission in Libya. Anders Fogh Rasmussen says this was one of the | :09:23. | :09:28. | |
most successful NATO missions yet - do you accept you called this one | :09:28. | :09:32. | |
wrong? Not at all. None of us that doubted that NATO would prevail at | :09:32. | :09:39. | |
the end of the day. It was essentially an uneven battle | :09:39. | :09:44. | |
against a tinpot dictator. But victory in itself does not justify | :09:44. | :09:50. | |
intervention. War Nige to be a measure of last resort, and this is | :09:50. | :09:56. | |
why I opposed our interventions in Iraq, Afghanistan and Libya. | :09:56. | :10:00. | |
were calling for a diplomatic negotiation, but Colonel Gaddafi | :10:00. | :10:08. | |
never had any intention of leaving, did he? We must remember here that | :10:08. | :10:13. | |
there were alternatives to war before we committed our NATO forces. | :10:14. | :10:19. | |
For example, Egypt had a vastly superior air force, was calling for | :10:19. | :10:23. | |
un no-fly zone, was in a better position to put it in, and was | :10:23. | :10:28. | |
ideally located. We should have explored these options first. | :10:28. | :10:32. | |
Intervention should always be a lost resort once we have explored | :10:32. | :10:37. | |
all other options, and that includes diplomacy. What about the | :10:37. | :10:42. | |
moral high ground in this? Had NATO not intervened, Benghazi could have | :10:42. | :10:49. | |
been the scene of a massacre. not know that for sure. I spend | :10:49. | :10:53. | |
quite a lot of time there, and when you see the number of tanks and | :10:53. | :10:56. | |
artillery which were destroyed by NATO, you realise that Colonel | :10:56. | :11:01. | |
Gaddafi was within a few miles of the city. Don't forget, Gaddafi was | :11:01. | :11:06. | |
having trouble taking the much smaller town of Misrata in the West. | :11:06. | :11:10. | |
But also, Egypt had a vastly superior air force to Libya, it | :11:10. | :11:15. | |
could have put in a no-fly zone overnight. I think NATO getting | :11:15. | :11:20. | |
involved stretched the UN mandate, and basically, the objective was | :11:20. | :11:26. | |
regime change. It was in my view the longest assassination attempt | :11:26. | :11:29. | |
in history. If we talk about the humanitarian reasons for | :11:29. | :11:33. | |
intervention, we must not forget, why have we not intervened in | :11:33. | :11:40. | |
Bahrain, in Yemen? These are locations where tinpot dictators | :11:40. | :11:44. | |
are putting down their own people, smaller countries. Answer that | :11:44. | :11:48. | |
question, is it just because Gaddafi had no friends? There is an | :11:48. | :11:53. | |
element of that, but there has to be some consistency with regard to | :11:53. | :11:58. | |
our foreign policy interventions. France's initial reaction to the | :11:58. | :12:04. | |
Tunisian uprising was to put the revolt down. I suspect this was | :12:04. | :12:07. | |
less to do with humanitarian reasons and more to do with regime | :12:07. | :12:14. | |
change, as we saw with the bombing of Gaddafi's homes, and stretching | :12:14. | :12:24. | |
:12:24. | :12:29. | ||
the UN mandate to breaking point by With Libya's transition taking | :12:29. | :12:34. | |
place, Syria is also feeling the heat. The Arab League is waiting | :12:34. | :12:37. | |
for a response from President Assad to its proposals for ending the | :12:37. | :12:46. | |
bloodshed. President Assad, in a newspaper interview yesterday, | :12:46. | :12:51. | |
warned of another Afghanistan, if foreign forces intervened in Syria, | :12:51. | :12:55. | |
as they had in Libya. Our correspondent has been watching | :12:55. | :12:59. | |
events from neighbouring Lebanon. Apocalyptic language from President | :12:59. | :13:03. | |
Assad yesterday, and really, encapsulating what a lot of the | :13:03. | :13:07. | |
region feels about the dilemma, when it comes to dealing with | :13:07. | :13:17. | |
:13:17. | :13:19. | ||
That's right. Syria is not a simple knock on the affair from Libya, | :13:19. | :13:23. | |
Egypt, Tunisia and so on. The conditions in each of these | :13:23. | :13:28. | |
countries are different. But Syria is certainly more complicated than | :13:28. | :13:34. | |
any other. It has a very complex internal, sectarian situation and | :13:34. | :13:38. | |
an interface with Israel so the whole Arab Israeli conflict comes | :13:38. | :13:43. | |
into play with Syria's long history of opposition to Israel. There are | :13:43. | :13:48. | |
a lot of consideration Sir that didn't hold true for the countries | :13:48. | :13:53. | |
in North Africa, which were in a sense more homogenised and easier | :13:53. | :13:58. | |
to deal with. President Asad was saying what everyone knows, that | :13:58. | :14:02. | |
there are fault-lines that come together, ethnic and others, which | :14:02. | :14:06. | |
means what happens there has a big effect on the region, both in the | :14:06. | :14:10. | |
immediate vicinity in countries like Lebanon, Iraq, with sectarian | :14:10. | :14:16. | |
issues, and in the wider region, politically. It is a complex case, | :14:16. | :14:20. | |
but the bloodshed goes on and on and there are fears that that kind | :14:20. | :14:24. | |
of fragmentation could happen anyway unless there is a resolution | :14:24. | :14:28. | |
in sight, which is why the outside world is starting to scratch its | :14:28. | :14:31. | |
head a bit and think, maybe we should be doing something about | :14:31. | :14:36. | |
Syria. There was defiance in the tone of the interview yesterday. He | :14:36. | :14:41. | |
said he had interviews -- introduced reforms, and | :14:41. | :14:44. | |
pragmatically speaking, does he have the support of the key cities | :14:44. | :14:51. | |
in Syria? Damascus and Aleppo are yet to come out and join the | :14:51. | :14:55. | |
uprising, which means there are significant social classes, | :14:55. | :15:01. | |
especially the Sunni Muslim middle- classes, the middle-class, the | :15:01. | :15:05. | |
minorities, like that Christians who are largely with the regime | :15:05. | :15:09. | |
because they fear the consequences of regime change. What he is trying | :15:09. | :15:16. | |
to do for sale, at least, is a reform process. It took a little | :15:16. | :15:23. | |
step forward with the first meeting and it has for months to complete | :15:23. | :15:27. | |
its job. From the point of view of the opposition, that is not fast | :15:27. | :15:30. | |
enough and they don't take it seriously because the reforms and | :15:30. | :15:35. | |
changes they have seek makes no difference on the ground, and the | :15:35. | :15:40. | |
bloodshed goes on, the torture, all very well documented and it still | :15:40. | :15:43. | |
goes on. So there is a disconnection between the two | :15:43. | :15:50. | |
narratives. Jim, thank you very much. In the last few minutes the | :15:50. | :15:55. | |
UN group Unesco has planted Palestinians full membership -- | :15:55. | :15:59. | |
grunted. A small step from a body which protects world heritage site, | :15:59. | :16:02. | |
but a significant one in the wider ambitions of Palestine to the | :16:03. | :16:07. | |
estate. We can speak to John Dovaston. It would have been a | :16:07. | :16:12. | |
surprise had they not done this, but they must be very pleased. | :16:12. | :16:16. | |
are very pleased. I have been watching the Palestinian delegation | :16:16. | :16:20. | |
celebrating in the hall in Paris and it was an overwhelming victory. | :16:20. | :16:26. | |
107 countries voted in favour of Palestinian membership with only 14 | :16:26. | :16:32. | |
against with 49 abstentions. You are right. This membership of | :16:32. | :16:34. | |
Unesco will not give the Palestinians the state they want, | :16:34. | :16:41. | |
but they see it as a step, if you like, towards gaining international | :16:41. | :16:46. | |
recognition and putting pressure on Israel. I have just lost the sound | :16:46. | :16:51. | |
to you, I think, but this was a victory despite huge pressure from | :16:51. | :16:56. | |
the United States, Israel and the European Union for the Palestinians | :16:56. | :17:01. | |
not to go ahead. The US, for example will probably cut of all | :17:01. | :17:07. | |
funding to Unesco under a law that was approved in the 90s that no UN | :17:07. | :17:13. | |
body will get funding if Palestine is a full member state. The United | :17:13. | :17:19. | |
States give 70 million US dollars a year to Unesco, 20 % of the Budget, | :17:19. | :17:23. | |
and despite the threat the membership went ahead and approved | :17:23. | :17:29. | |
the membership. We will leave it there if we have lost sound with | :17:29. | :17:35. | |
you. You're watching GMT. As the snow falls over Occupy wall Street | :17:35. | :17:38. | |
protesters, we speak to a hedge fund manager who wonders if the | :17:39. | :17:45. | |
rift between demonstrators and the companies can ever be bridged. | :17:45. | :17:50. | |
Let's see if we can bridge any gaps here. Where shall we start with? | :17:50. | :17:55. | |
Qantas? Great news for the 70,000 passengers to have been stranded | :17:55. | :17:59. | |
since Saturday since the airline suspended all operations. It is | :17:59. | :18:03. | |
back in the sky, and the reason is the Australian independent tribunal | :18:03. | :18:08. | |
ordered a permanent end to the industrial strike action which has | :18:08. | :18:14. | |
rocked the airline. It is important to explain the background. There is | :18:14. | :18:19. | |
expansion in Asia and our sorting, so the unions have been up in arms. | :18:19. | :18:24. | |
Ever since then the reason that the see of Qantas order the suspension | :18:24. | :18:27. | |
was he wanted a permanent end to the strikes, which is what he got | :18:27. | :18:32. | |
that the broader picture is that the Western legacy have to shake-up | :18:32. | :18:39. | |
the business model because they are struggling to compete. It is 20 % | :18:39. | :18:43. | |
more expensive to run than other airlines. Yes, and the reason is? | :18:43. | :18:48. | |
Let me see means like pensions, proper working practices and costs | :18:48. | :18:50. | |
which means they have to get them under control which is part of the | :18:51. | :18:58. | |
process. He summed up very well. are hearing by when estate | :18:58. | :19:04. | |
operations should be back to normal. OK. ECB, Super Mario, why Super | :19:04. | :19:10. | |
Mario? He is Italian, and we will get a bat, but he is highly | :19:10. | :19:13. | |
regarded for what he has done in turning round the Italian central | :19:13. | :19:18. | |
bank. Jean-Claude Trichet, it is his last day today and he has held | :19:18. | :19:21. | |
the reins for eight years and the focus is his legacy. It's | :19:21. | :19:26. | |
interesting because the first half of his reign where we saw euro-zone | :19:26. | :19:30. | |
growth and moderate inflation and on top of that the financial system | :19:30. | :19:35. | |
in the Eurozone was stable. It is likely to be overshadowed by the | :19:35. | :19:38. | |
sovereign debt crisis, but all eyes on Super Mario. The biggest problem | :19:38. | :19:46. | |
he may have at the moment is that he is Italian. He has to be | :19:46. | :19:52. | |
regarded as an Italian central banker who likes easy money and low | :19:53. | :19:58. | |
interest rates that he is in fact a very conservative central banker | :19:58. | :20:06. | |
and he is going to try and avoid being regarded as a dark -- as a | :20:06. | :20:10. | |
dark, so he might be more conservative. He may be more | :20:10. | :20:14. | |
conservative, but all eyes will be on whether he can continue on the | :20:14. | :20:18. | |
same path as the ECB is following. He is not very keen on buying all | :20:18. | :20:22. | |
of these bonds. The was described as a very German Italian. He might | :20:22. | :20:27. | |
have to be too. A quick look at the markets, I don't know if we have | :20:27. | :20:35. | |
got them. It is more bank and lest ways. The markets are down and it | :20:35. | :20:40. | |
is retreating. We want to hear what you think, so do get in touch with | :20:40. | :20:45. | |
us at GMT. The best way to do that is to go to our website - | :20:45. | :20:55. | |
:20:55. | :20:58. | ||
This is GMT from BBC World News. I'm Tim Willcox. The headlines: The | :20:58. | :21:00. | |
world's population hits the landmark figure of seven billion. | :21:00. | :21:04. | |
The UN says it has doubled in the last 50 years and it will carry on | :21:04. | :21:10. | |
climbing. NATO is officially ending its seven-month long mission in | :21:10. | :21:13. | |
Libya - the new transitional authorities have asked it to keep a | :21:13. | :21:19. | |
More than three million homes are without power in the United States | :21:19. | :21:22. | |
after an unseasonal snowstorm blanketed the country's north east. | :21:22. | :21:26. | |
At least nine people have died in snow-related accidents. From | :21:26. | :21:35. | |
Washington, Zoe Conway reports. It is being called shock October, | :21:35. | :21:38. | |
freakish no raining down on 60 million Americans. Could it be that | :21:39. | :21:42. | |
Mother Nature has been playing a spectacular Hallowe'en trick? She | :21:42. | :21:49. | |
has certainly broken records. Only four times in the past 135 years | :21:49. | :21:53. | |
has New York's Central Park seen snow this early. I hate it, hate it, | :21:53. | :21:58. | |
hated. I cannot express how much I hate it. This weather is just | :21:58. | :22:03. | |
blowing us away. We are shocked. Misery has been felt across the | :22:03. | :22:07. | |
country as downed power lines knocked out 3 million people | :22:07. | :22:09. | |
electricity. For many residents it could be days before the power | :22:09. | :22:16. | |
comes back. Nine people died in the storm as roads became treacherous. | :22:16. | :22:20. | |
More than 1,000 flights were cancelled and some passengers were | :22:20. | :22:24. | |
trapped on grounded planes for hours. In their autumnal glory, the | :22:24. | :22:27. | |
White House trees were proved that the President hadn't got the date | :22:27. | :22:36. | |
wrong. It is not ideal. Are you doing all right? And the first | :22:36. | :22:40. | |
family were still needed to preside over trick or treating. Good to see | :22:40. | :22:45. | |
you. Well the weather did not prevent him from doing his job, for | :22:45. | :22:49. | |
many Americans it will take time for their lives to return to normal, | :22:49. | :22:57. | |
The snow in New York was a taste of what's to come for the Occupy Wall | :22:57. | :23:01. | |
Street demonstrators camping out in lower Manhattan. The movement | :23:01. | :23:03. | |
against corporate influence in government which began six weeks | :23:03. | :23:07. | |
ago has spread to many cities in the US and around the world, but | :23:07. | :23:10. | |
not without controversy. Over the weekend, police took action against | :23:10. | :23:13. | |
a number of Occupy protests in Virginia, Texas, Oregon and | :23:13. | :23:17. | |
Colorado. On today's GMT, we explore the view from the other | :23:17. | :23:24. | |
angle, the view from Wall Street. We can speak now to James Altucher. | :23:24. | :23:32. | |
He is New York Managing Director of Formula Capital. Many of you guys | :23:32. | :23:36. | |
dismiss the protesters as an incoherent jumble of groups, but | :23:36. | :23:41. | |
you ignore them at their peril, don't you? I don't think so. You | :23:41. | :23:46. | |
said yourself, they are protesting against corporate influence in | :23:46. | :23:50. | |
government, so why isn't there and occupy Washington DC? We always | :23:50. | :23:56. | |
hear about this one, but the people working on Wall Street on normally | :23:56. | :24:00. | |
low level back office administrators and officials of the | :24:00. | :24:03. | |
different banks. They have lost their homes and lost their savings | :24:03. | :24:06. | |
and pensions and now they have to deal with all of these protesters | :24:06. | :24:12. | |
yelling in their faces when they are not guilty. Where is Occupied | :24:12. | :24:16. | |
Washington DC? When you say you people, we are not sure what you | :24:16. | :24:21. | |
mean. I used to live on Wall Street but I don't work on Wall Street. | :24:21. | :24:25. | |
think a lot of the anger is that some of the people in the financial | :24:25. | :24:28. | |
industry are getting richer where is the the rest of this life is | :24:28. | :24:34. | |
getting much tighter. When you say the rest of us, a lot of people | :24:34. | :24:38. | |
want jobs and they don't want their homes foreclose on. They want to | :24:38. | :24:44. | |
have a chance at success and the so-called American dream. Again, | :24:44. | :24:48. | |
who initiated the bail-out? To improve double the compensation? It | :24:48. | :24:54. | |
is not the low level workers -- work is on Wall Street it is the | :24:54. | :24:57. | |
chief executives on Park Avenue or in Connecticut, it is the | :24:57. | :25:02. | |
government in Washington. I think the anger, I understand that, and | :25:02. | :25:07. | |
we are all angry, but let's get to the root of the problem if we want | :25:07. | :25:11. | |
to have changed, and it is not sitting on Wall Street, it is | :25:11. | :25:16. | |
sitting in Washington DC where many of the policies were initiated. | :25:16. | :25:19. | |
Does Wall Street share any of the blame when you look for example at | :25:19. | :25:23. | |
the hedge funds, the derivatives markets, the slicing up a debt, | :25:23. | :25:29. | |
money being made each time that is done. Of course, but all of those | :25:29. | :25:32. | |
see he does have quit or been fired or throw out and had their golden | :25:32. | :25:39. | |
parachutes. All of them? Leman brothers, a lot of the big guys who | :25:39. | :25:46. | |
were there are now gone. Lehmann Brothers is demolished. Meryl Lynch | :25:46. | :25:50. | |
got absorb into Bank of America, which is based in North Carolina, | :25:50. | :25:54. | |
so I think at some point you have to say he will be protesting | :25:54. | :26:00. | |
against? Why I'll be sitting here in a park next to Wall Street when | :26:00. | :26:03. | |
the corporations are maybe thousands of miles away or even | :26:03. | :26:07. | |
just five miles away. What are we protesting about and what do we | :26:07. | :26:10. | |
want? Right now I have heard everything from the banks not | :26:10. | :26:15. | |
lending to health care, and of course a lot of scapegoating and | :26:15. | :26:20. | |
accusations of anti-Semitism coming out of Occupied Wall Street. Who | :26:20. | :26:24. | |
are they protesting against and why the location they are in? I have | :26:24. | :26:28. | |
not heard a reasonable argument. Many of the corporates are still in | :26:28. | :26:32. | |
Washington DC. It is a new phenomenon, so that is what makes | :26:32. | :26:35. | |
it difficult for us to get our heads around, this is spreading | :26:35. | :26:39. | |
almost like the internet. There is a wide range of complaints but they | :26:39. | :26:46. | |
have to focus themselves somewhere. I agree, but look at the last time | :26:46. | :26:50. | |
there were massive demonstrations across the US. 1968, when we were | :26:50. | :26:54. |