Browse content similar to 08/09/2011. Check below for episodes and series from the same categories and more!
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deal when the allegations emerge. Now it is time for the latest | :00:03. | :00:13. | |
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The headlines: 14 million unemployed and counting. | :00:20. | :00:24. | |
President's Barack Obama unveils his plans to get Americans back to | :00:24. | :00:30. | |
work. Italy approved austerity measures. | :00:31. | :00:36. | |
How can the European Central Bank help growth in the eurozone? | :00:36. | :00:39. | |
To 2011 has been a record year for rich people in China with the | :00:39. | :00:49. | |
:00:49. | :00:55. | ||
number of billionaires up 40% from Getting America working again: | :00:55. | :01:01. | |
President spoke, is to lay out his plan to create jobs. -- President's | :01:01. | :01:05. | |
Barack Obama. With unemployment at 9% many Americans are unhappy at | :01:05. | :01:10. | |
the direction of the economy and will be looking for new jobs. Among | :01:10. | :01:18. | |
the proposals are tax cuts and building programmes. | :01:18. | :01:23. | |
You may not get it from this crowned by it's the President's | :01:23. | :01:28. | |
popularity is at a new low, putting him under pressure to get Americans | :01:28. | :01:38. | |
:01:38. | :01:38. | ||
back to work. His suggestions for helping the economy may not get far. | :01:38. | :01:47. | |
It depends on what kind of stimulus will be called for. If it is a why | :01:47. | :01:52. | |
its spending programme it may not get through. Tax cuts have a better | :01:52. | :01:58. | |
chance. What may the package look like? He is expected to roll out a | :01:58. | :02:02. | |
$300 billion plan. It'll includes tax credits for companies that hire | :02:02. | :02:10. | |
new workers as well as funding for infrastructure projects and | :02:10. | :02:13. | |
assistance for the long-term unemployed. | :02:13. | :02:18. | |
With 40 million Americans out of work, one training programme in | :02:18. | :02:24. | |
Georgette is getting a lot of attention. It cuts the cost of | :02:24. | :02:28. | |
training for businesses while allowing the workers to continue to | :02:28. | :02:34. | |
receive unemployment cheques. This man has a job at a college because | :02:34. | :02:40. | |
of the programme. It could soon be rolled out across the country. | :02:40. | :02:44. | |
decided if I could go and volunteer, and see if it is a fix for me and | :02:44. | :02:50. | |
them, then there's nothing to lose. The people at this unemployment | :02:50. | :02:54. | |
centre are a reminder that the great secession of a few years | :02:54. | :02:58. | |
still has not ended. Without an increase in consumer demands them | :02:58. | :03:08. | |
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may not be jobs for them. Italy has passed new austerity | :03:08. | :03:13. | |
measures which should cut its deficit by 54 billion euros. That | :03:13. | :03:18. | |
is $70 billion. 100 protesters tried to force their way through | :03:18. | :03:23. | |
police barriers and into the Senate. They then marched towards the | :03:23. | :03:28. | |
private residence of the Prime Minister, stopped only by a massive | :03:28. | :03:33. | |
deployment of off police. Interest rates they for the | :03:33. | :03:38. | |
European Central Bank and the Bank of England. Both are expected to | :03:38. | :03:44. | |
leave interest rates on hold. The central bank's President is | :03:44. | :03:50. | |
expected to say it is softening its approach on interest rates and its | :03:50. | :04:00. | |
:04:00. | :04:06. | ||
approach on growth. I am joined by a senior economic adviser. We are | :04:06. | :04:10. | |
not expecting any movement on the rates but what will be listening | :04:10. | :04:19. | |
for? We will be listening for a strong word, an interest in | :04:19. | :04:24. | |
flagging interest rates over the next few months. We do not and | :04:24. | :04:29. | |
expect a cut in the next few months but maybe there will be a change of | :04:29. | :04:34. | |
view in what they will do if things turn for the worse. We were | :04:34. | :04:40. | |
discussing the fact there would be an interest rate rise by the | :04:40. | :04:44. | |
European Central Bank in October or November. What has changed? We have | :04:44. | :04:51. | |
seen the turmoil in financial markets in August. The data has | :04:51. | :04:55. | |
been on the low sign, in the eurozone and elsewhere in the world. | :04:55. | :05:01. | |
The ECB has been forced to change its view. In 2008 they increase | :05:01. | :05:07. | |
interest rates in July but then put them down again. They have to take | :05:07. | :05:11. | |
account of the facts and adjust their policies accordingly. | :05:11. | :05:16. | |
likely is a recession in the eurozone? There is a risk. It is | :05:16. | :05:25. | |
not most likely but there is a risk. Maybe a 30% possibility. That is | :05:25. | :05:31. | |
based on the fact that confidence has taken a turn for the worse, | :05:31. | :05:37. | |
both in financial markets and a Monks businesses. We are seeing | :05:37. | :05:43. | |
orders coming down a lot. We no fiscal restraint is still going on. | :05:43. | :05:49. | |
Italy is the latest country to put a package together. You mention | :05:49. | :05:53. | |
credibility and confidence. The lack of leadership has been a | :05:53. | :06:00. | |
feature throughout this crisis. What can the ECB offer? It has been | :06:00. | :06:03. | |
flexible in this crisis and has taken measures no-one would have | :06:03. | :06:11. | |
thought about. They have been proactive. They have been treading | :06:11. | :06:16. | |
a difficult line between putting pressure on governments so they | :06:16. | :06:21. | |
keep going with their fiscal reduction and trying to help the | :06:21. | :06:25. | |
economy by keeping the Monetary Policy as least as possible. We | :06:25. | :06:30. | |
were told they would consider cutting rates below 1% should the | :06:30. | :06:35. | |
eurozone go back into recession. Thank you. | :06:35. | :06:41. | |
Amid the gloom of a euro crisis, there is a bit of good news. 2011 | :06:41. | :06:46. | |
has been a record year for rich people in China. The annual list of | :06:47. | :06:56. | |
:06:57. | :06:57. | ||
China's riches people contains 200 71 billionaires. That is up 40%. | :06:57. | :07:02. | |
Forbes is also releasing a list as well? | :07:02. | :07:09. | |
It just released its list three hours ago. At the top of the list | :07:09. | :07:15. | |
is a diverse list of people. There is a fair fridge magnet and a | :07:15. | :07:20. | |
search engine co-founder. Forbes Asia have released their survey of | :07:20. | :07:24. | |
China's rich less. The number of billionaires on the mainland | :07:24. | :07:30. | |
continues to rise despite the challenges in the economy and | :07:30. | :07:35. | |
slowing markets in the US and Europe. The report reveals to | :07:35. | :07:44. | |
Hunter 71 billionaire's, up from last year. the total wealth of the | :07:44. | :07:50. | |
richest people on the mainland is close to 500 billion the US dollars. | :07:50. | :07:57. | |
That is an increase of 10% from 2010. Who is the richest man? His | :07:57. | :08:07. | |
:08:07. | :08:18. | ||
name is a Liang Wengen. He has a net worth 10 value of $11 billion. | :08:18. | :08:22. | |
There is also the founder of a beverage company and a search | :08:22. | :08:32. | |
:08:32. | :08:33. | ||
engine. The three of them have a total net of worth of $30 billion. | :08:33. | :08:36. | |
You are always happy when he was talking about billionaires. Thank | :08:36. | :08:42. | |
you. The number of people without a job | :08:42. | :08:49. | |
with has risen to 5.3%. That is the highest level in one year. The | :08:49. | :08:54. | |
mining industry is showing signs of flagging. Job cuts have been due to | :08:54. | :08:59. | |
the strong Australian dollar, which is hurting him pause. | :08:59. | :09:07. | |
Fashion week kicks off with 99 shows and 16 Branch New designers. | :09:07. | :09:14. | |
Gold is popular this year. It will apparently have Asian inspired | :09:15. | :09:19. | |
trends. A French court will issue its | :09:19. | :09:23. | |
verdicts in a trial in which John Galliano has appeared, accused of | :09:24. | :09:30. | |
making anti-Semitic remarks. It's led to his sacking. | :09:30. | :09:38. | |
Now a look at the markets. The Asian markets are up this morning. | :09:38. | :09:42. | |
We sold Champs gains on the European markets yesterday. There | :09:42. | :09:52. | |
:09:52. | :10:04. | ||
were bargain-hunters around. Maybe More news from the UK. The | :10:04. | :10:14. | |
conference of the Welsh/Let's Party began today. -- Welsh nationalist | :10:14. | :10:19. | |
party. The focus of this conference will be on finding a successor. | :10:19. | :10:29. | |
:10:29. | :10:30. | ||
The political tide has turned. it is now a Conservative assembly | :10:30. | :10:34. | |
member who represents this constituency in Cardiff Bay. The | :10:34. | :10:43. | |
party spent four Mac years in a coalition government. It pledged a | :10:43. | :10:51. | |
referendum. The party lost ground. Its leader decided it was time to | :10:52. | :10:58. | |
go and the focus is now one who will succeed him. The thing is not | :10:58. | :11:02. | |
to panic or reach hasty conclusions. We need to look to the future. | :11:02. | :11:06. | |
There are inevitable comparisons with Scotland where the SNP has | :11:06. | :11:11. | |
gone from strength to strength. In Wales, it is at a crossroads and | :11:11. | :11:19. | |
political commentators say cities decision time. They need to the | :11:19. | :11:24. | |
less populous and needs to reach out and convey a message with | :11:24. | :11:29. | |
simplicity. The members come here, having spent the months pondering | :11:29. | :11:37. | |
what went wrong. Was it's the way their election promise was | :11:38. | :11:47. | |
delivered? Still ahead: We will have the | :11:47. | :11:55. | |
Breakfast News. We will be looking at the fresh interest in the works | :11:55. | :12:05. | |
:12:05. | :12:16. | ||
The headlines: An investigation is getting under way following a plane | :12:16. | :12:22. | |
crash in Russia, which left 43 people dead. 27 players and nine | :12:22. | :12:32. | |
:12:32. | :12:34. | ||
officials from a Russian ice hockey team were killed. TRANSLATION: It | :12:34. | :12:39. | |
is a terrible day. We have lost one of the best teams of Russian hockey, | :12:39. | :12:48. | |
a team which millions of fans loved. Colonel Gaddafi has this mess as | :12:48. | :12:56. | |
liars and psychological warfare the speculation he has led to Niger. | :12:56. | :13:00. | |
The latest debates in the race to become the Republican presidential | :13:00. | :13:05. | |
candidate has taken place in California. The front runners, Rick | :13:05. | :13:10. | |
Perry and Mitt Romney, a challenge each other on job-creation. | :13:10. | :13:15. | |
A verdict is due in the trial of the British fashion designer John | :13:15. | :13:19. | |
Galliano, accused of making anti- Semitic remarks in a cafe in Paris. | :13:19. | :13:29. | |
:13:29. | :13:30. | ||
He lost his job when the It is time to have a look at the | :13:30. | :13:33. | |
newspapers and the headlines from around the world. We start with the | :13:34. | :13:40. |