02/09/2011

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:00:20. > :00:25.sector. Now it is time for World Business Report. The headlines: Job

:00:25. > :00:33.figures are due out in the US as Barack Obama prepares his plan to

:00:33. > :00:42.get America back to work. Is this the toughest job in economics?

:00:42. > :00:47.Japan's 9th at Finance Minister in only five years. -- 9th Finance

:00:47. > :00:54.Minister. It could be the issue that defines the next US election:

:00:54. > :01:00.How to get America working again. Figures are due out later today as

:01:00. > :01:05.Barack Obama prepares a speech for Congress next week outlining his

:01:05. > :01:09.plans to bring down the unemployment rate. When he took

:01:09. > :01:16.office the rate of unemployment was 5%. The credit crunch scented

:01:16. > :01:20.rocketing above 9%. For some communities the situation is worse.

:01:20. > :01:26.Four African-Americans, the unemployment rate is double that of

:01:26. > :01:32.whites. Our correspondent reports. In Harlem, and New York, they are

:01:32. > :01:37.no stranger to fighting unemployment. A mother of two, she

:01:37. > :01:44.was out of work for over two years. She worried about keeping a roof

:01:44. > :01:51.over her head, but things are now looking up. She recently found a

:01:51. > :02:00.job. This is a breakthrough. Even now as we talk about it I can see

:02:00. > :02:06.you are getting emotional. In tough financial Times, family is

:02:06. > :02:16.everything. Right now I do not have any income, so my family is helping

:02:16. > :02:26.me. There are backing the up and I am trying to stay in there. -- they

:02:26. > :02:27.

:02:27. > :02:31.are backing me up. This neighbourhood is no stranger to

:02:31. > :02:39.economic hardship, but the worst recession in 50 years has made it

:02:39. > :02:43.even tougher. The unemployment rate among African-Americans and

:02:43. > :02:49.Hispanics is significantly higher than among the white population.

:02:49. > :02:54.This man is the president and founder of a local community group.

:02:54. > :03:03.This is the worst time I have seen in my 30 years of public service.

:03:03. > :03:08.He says the lack of jobs has been devastating. This community was

:03:08. > :03:12.hard pressed to find employment when the times were good. They

:03:12. > :03:21.placed a great deal of faith in Barack Obama and they now wait to

:03:21. > :03:27.see what he can do to help them. BBC News. Japan has a new Cabinet.

:03:27. > :03:31.Yoshihiko Noda, who be came the 6th Prime Minister in as many years,

:03:31. > :03:39.has announced the team that will try to get the struggling economy

:03:39. > :03:47.back on track. We go live to Tokyo. He has gone for close allies in the

:03:47. > :03:51.top jobs, and some of them are young by Japanese standards. Yes,

:03:51. > :04:01.the new Finance Minister is 49, a spring chicken by Japanese

:04:01. > :04:02.

:04:02. > :04:12.standards. He is also unknown, especially in tens of his views on

:04:12. > :04:12.

:04:12. > :04:22.fiscal and monetary policy. -- in terms of. He is likely to support

:04:22. > :04:24.

:04:24. > :04:31.the idea of increasing sales tax to reduce Japan's public debt. He may

:04:31. > :04:36.also look kindly on intervention in the currency markets. Yoshihiko

:04:36. > :04:43.Noda intervened in the currency markets to bring down the yen,

:04:43. > :04:53.threatening the products of Japan's exporters. He said that they would

:04:53. > :04:59.

:04:59. > :05:07.work like bottom feeding fiche to get the job done. -- fish. You yes,

:05:07. > :05:16.he compared himself to a drab fish last week. They have to rebuild in

:05:16. > :05:21.the north after the earthquake and tsunami. They have to get the

:05:21. > :05:31.economy out of stagnation while not adding to Japan's public debt,

:05:31. > :05:37.already the largest in the industrialised world. Oil exports

:05:37. > :05:44.could be banned as thened as the about how to deal with Syria, who

:05:45. > :05:49.has cracked down violently on protesters. It is a dangerous

:05:49. > :05:56.balancing act. How to pile on enough pressure to force area's

:05:56. > :06:05.leaders to step down without the country sliding into civil war. --

:06:05. > :06:09.Syria's leaders. Our correspondent reports. While many escaped at the

:06:09. > :06:15.gun fire this week, it is believed to that more than 2000 have already

:06:15. > :06:22.been killed by government forces in Syria. He sanctions against

:06:22. > :06:32.President Assad's regime follow those already announced by the US.

:06:32. > :06:38.

:06:38. > :06:48.-- European Union sanctions. Boycotts on boil putt an --

:06:48. > :06:53.

:06:53. > :07:02.boycotts on Boyle are an effective way to hurt to the regime. -- Oil.

:07:02. > :07:05.Last year oil accounted for 25% of state revenues and accounted for

:07:05. > :07:10.$33 billion. Some people believe that sanctions will hit the people

:07:10. > :07:17.rather than the government. Sanctions will only affect the

:07:17. > :07:25.normal citizens, not the regime. two countries that rely most

:07:25. > :07:31.heavily on Syrian oil are Germany and Italy. Easily has been unhappy

:07:31. > :07:37.about sanctions, as it has already paid for some deliveries in advance.

:07:38. > :07:43.-- Italy has been unhappy. Some still believe that far stronger

:07:43. > :07:48.sanctions may be necessary to hurt the financial system and the wider

:07:48. > :07:57.economy. BBC News. In Spain lawmakers are gathering for a

:07:57. > :08:03.special session of Parliament and a vote on an amendment to the

:08:03. > :08:13.constitution. The Budget deficit will not be allowed to rise to over

:08:13. > :08:17.4% of GDP. Both main political parties backed the move. Italy's

:08:17. > :08:22.Prime Minister Silvio Berlusconi said he has reassured the rest of

:08:22. > :08:28.Europe that his country will balance the Budget by 2013. The

:08:28. > :08:37.Coalition leaders have agreed an austerity package which includes

:08:37. > :08:45.cracking down on tax evasions. That will help uncertainty in the market.

:08:45. > :08:52.US jobs data comes out later today and a few other features we expect

:08:52. > :09:00.later on. The purchasing managers' index will be out in four hours and

:09:00. > :09:06.that will give us an idea of confidence in the industry. The

:09:06. > :09:10.effect of inflation on selling prices is also due to be released.

:09:10. > :09:20.Campbell's releases its quarterly results. Sales have been down in

:09:20. > :09:24.

:09:24. > :09:34.the last year after a low sodium range of suits. -- soup products.

:09:34. > :09:35.

:09:35. > :09:42.This is how the Asian markets are doing. We have seen profit taking

:09:42. > :09:50.because the Asian markets have seen a good run of gains. That is why

:09:50. > :10:00.the Nikkei is slightly down. The markets will be waiting for the US

:10:00. > :10:07.

:10:07. > :10:13.jobs numbers. Protesters have descended on Britain's largest

:10:13. > :10:21.illegal travellers' site to try to stop 80 families from being evicted.

:10:21. > :10:26.Dale Farm in Essex. Our correspondent reports. This is a

:10:26. > :10:36.community who refuses to be moved. They insist that this that this

:10:36. > :10:39.their home no matter what the courts say. This woman is diabetic

:10:40. > :10:48.and has lived here for six years surrounded by her grandchildren.

:10:48. > :10:58.Now she must leave and is terrified by what is to come. I get night Ms

:10:58. > :11:01.

:11:01. > :11:06.Four Star I am not sleeping. -- I get bad dreams. The Dale Farm

:11:06. > :11:14.travellers own the site but the council did not give them

:11:14. > :11:23.permission to build houses on half of the land. After a ten-year legal

:11:23. > :11:32.battle the traveller's plea to stay was rejected. The judges have made

:11:32. > :11:42.their decision and it must be turned back to a greenfield site.

:11:42. > :11:43.

:11:43. > :11:48.Inside the Kahlua, the travellers remain defiant. -- inside the camp.

:11:48. > :11:56.That have been joined by 50 supporters who have travelled to

:11:56. > :12:06.offer their support. But for now the fight goes on. People still

:12:06. > :12:12.

:12:12. > :12:17.refusing to leave the place they call home. BBC News. The headlines:

:12:17. > :12:22.in his latest audio message Colonel Gaddafi has urged his supporters to

:12:22. > :12:28.fight a guerrilla war against what he calls the occupation of Libya.

:12:28. > :12:38.He said his hometown of Sirte was now the capital of the Resistance.

:12:38. > :12:38.

:12:38. > :12:45.The UN review of the Israeli military raid on a Turkish flotilla

:12:45. > :12:53.on the blockade of Gaza said the Israelis used excessive force.

:12:53. > :13:02.Protesters have that disrupted -- have disrupted the Israeli

:13:02. > :13:10.Philharmonic Orchestra at BBC Proms. We speak to one of the protesters.

:13:10. > :13:16.They are a cultural ambassador to Israel and it is like hiding its

:13:16. > :13:23.war crimes. It is part of its campaign to rebrand Israel, trying

:13:23. > :13:32.to make it look like a normal, decent state. EU Foreign Ministers