Browse content similar to 14/02/2012. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
at the White House on Tuesday. Those are the latest headlines from | :00:04. | :00:14. | |
:00:14. | :00:17. | ||
now now with Jamie. Welcome to world | :00:17. | :00:22. | |
business report. The credit ratings agency moody's warns of the growing | :00:22. | :00:27. | |
risk of the eurozone debt crisis European couina's leader | :00:27. | :00:36. | |
in waiting gets his introduction to thinks abouth his country. | :00:36. | :00:43. | |
takes discussion prope's carbon | :00:43. | :00:53. | |
:00:53. | :01:00. | ||
has upgraded its view on the creditworthyness of nin | :01:00. | :01:04. | |
countries and has warned the debt crisis has increased economic risks | :01:04. | :01:10. | |
to the region. The agency's role is to advise investors on how likely a | :01:10. | :01:13. | |
grade grke it more expensive | :01:13. | :01:19. | |
for a country to borrow. It has cut countries | :01:19. | :01:22. | |
countries including Italy, Spain and Portugal. It reviewed its view | :01:22. | :01:27. | |
of the UK putting it on a negative outlook, there is a 30% chance of a | :01:27. | :01:31. | |
full downgrade within 18 months. This is the first time a rating | :01:31. | :01:37. | |
eurozone eurozone crisis erupted. Fans and | :01:37. | :01:42. | |
Austria were put on negative a | :01:42. | :01:52. | |
:01:52. | :01:53. | ||
a full downgrade under like S&P much of a surprise is. We had S&P | :01:53. | :01:58. | |
and Fitch's ratings. We know a lot of these economies are downgrade | :01:58. | :02:03. | |
for most investors? Moody's is playing catch-up with S&P and we | :02:03. | :02:08. | |
might expect that Fitch will follow is | :02:08. | :02:12. | |
is the message. I know there is an going | :02:12. | :02:16. | |
going on here? Well, there may well be, but nevertheless it is a | :02:16. | :02:22. | |
ignore. ignore. Interestingly, the UK | :02:22. | :02:27. | |
Chancellor has urged - said in response to this that it us | :02:27. | :02:32. | |
is another impact, another suggestion of why. The important | :02:32. | :02:37. | |
answer the of getting the balances - the deficit down is so important | :02:37. | :02:41. | |
which is a message we should take from this. But will it make any | :02:41. | :02:47. | |
huge difference? No it will no as long as we see that the governments | :02:47. | :02:53. | |
in Europe across Europe not just in the eurozone are taking... But when | :02:53. | :02:58. | |
were talking about this problem a Greece. When you increase the | :02:58. | :03:03. | |
austerity a country has to go through you can reduce the GDP and | :03:03. | :03:07. | |
make it more to reduce your deficite you can | :03:07. | :03:15. | |
Greece is an in that i has gone below the bottom line. | :03:15. | :03:22. | |
Gres not have the economy that can grow. It does not have the | :03:22. | :03:28. | |
international trade kit dofplts of than generation that Greece has | :03:28. | :03:34. | |
been paying itself too much. In eurozone is is not quite that baThey | :03:34. | :03:38. | |
They have not gone beyond the bottom line. They have got enough | :03:38. | :03:41. | |
revival potential in the economy to bring the deficit down and | :03:42. | :03:45. | |
encourage growth. We have to be patient. You cannot do the two | :03:45. | :03:52. | |
together. Growth must follow about overreacting, being too | :03:52. | :03:56. | |
aggressive, but they were not aggressive enough when it came to | :03:56. | :04:03. | |
the the debt whithe Lehmann | :04:03. | :04:07. | |
overreacte overreacted and are too aggressive? | :04:07. | :04:11. | |
I think I would be foolish to think back in the early part of this | :04:11. | :04:16. | |
decade they failed, they absolutely failed everybody themselves | :04:16. | :04:21. | |
investors t banks and Governments and they have overreacted over | :04:21. | :04:25. | |
Nevertheless, Nevertheless, they are important. | :04:25. | :04:30. | |
You cannot i. They do no other body or institution thadoes | :04:30. | :04:35. | |
does the same thing. So we do listen to them. It is a pity that | :04:35. | :04:41. | |
what went before 10 years ago was listen to them because there is no | :04:41. | :04:46. | |
alternative. Howard thank you. China's Vice President Xi Jingping | :04:46. | :04:50. | |
week-long week-long visit. He is tipped to be | :04:50. | :04:53. | |
country country and the man who will deal | :04:53. | :04:58. | |
with among other things the fallout from President Obama's panel toinvestigate | :04:59. | :05:04. | |
investigate unfair trade practices by countries which include China. | :05:04. | :05:09. | |
We report from New York. Cars hired, just one of the Chinese imports | :05:09. | :05:14. | |
America has slap would import tariffs. It is retaliation for what | :05:14. | :05:20. | |
practices a | :05:20. | :05:25. | |
a tyre dealer once supported the tariff said it just does not work. | :05:25. | :05:32. | |
I, unlike the rest of I,changed e rest of them, thing | :05:32. | :05:38. | |
changed increases that went on that I would | :05:38. | :05:44. | |
never see in my history of the tyre simply | :05:44. | :05:48. | |
simply put up prices for his many | :05:49. | :05:53. | |
many domestic jobs but the fact that China sells almost $300 | :05:53. | :05:57. | |
billion more in goods to America last year than the other way around | :05:57. | :06:03. | |
remains a sore point here. It is noes, America has imposed | :06:03. | :06:08. | |
tariffs on dozens of Chinese imports. People here worry about an | :06:08. | :06:14. | |
ever-widening trade gap between the US and China - in fact it hit | :06:14. | :06:19. | |
another record high in 2011. Washington blame China's | :06:19. | :06:25. | |
undervalued currency ant investigate | :06:25. | :06:29. | |
investigate unfair trade practices. Barack Obama alsodouble | :06:29. | :06:34. | |
one one of the few countries where that | :06:34. | :06:39. | |
has been possible. China is the fastest-growing importing country | :06:39. | :06:45. | |
for the US S they focus on Chinese exports to the US thinking that | :06:45. | :06:49. | |
China cannot import anything from thedible it is not truUS | :06:49. | :06:53. | |
US exports the China is extremely success | :06:53. | :07:00. | |
success storver angry the trade debate can seerpblgs | :07:00. | :07:07. | |
America's and China are together - China is a rapidly expanding and | :07:07. | :07:17. | |
:07:17. | :07:17. | ||
huge market for US goods. Leaders to invest billions into their | :07:18. | :07:27. | |
:07:28. | :07:31. | ||
China summit takes place amid airline carbon emission. The start | :07:31. | :07:41. | |
:07:41. | :07:44. | ||
fuelled fuelled the carbon tax row.. The | :07:44. | :07:49. | |
European Union carbon tax scheme is indeed a controversial issue in the | :07:49. | :07:58. | |
region's biggest area pressure is a global scheme because it onlyapplies | :07:58. | :08:02. | |
applies to carriers in and out of Europe which pay 15%. Many airlines | :08:02. | :08:07. | |
are concerned about the unilateral Tway plan was introducr I | :08:07. | :08:12. | |
spoke with. The EU com transport | :08:12. | :08:15. | |
transport who said governments are at political loggerheads on how to | :08:15. | :08:19. | |
move forward on this issue. Today you have a political conflict | :08:19. | :08:28. | |
to numbers of possible economic impact | :08:28. | :08:35. | |
is limited but today there is amounting political conflict. | :08:35. | :08:45. | |
despite. The Opposition to the EU's eventually have to comply in the | :08:45. | :08:49. | |
absence of a global tax scheme which may still take up to a year | :08:49. | :08:55. | |
to organise and implement. Thank up-to-date with what is go on. | :08:55. | :09:03. | |
Google's Google's purchase of Motor Mobility | :09:03. | :09:09. | |
increased increasing Google's patent and upping its competition | :09:09. | :09:13. | |
with Apple. The deal would not fight for competition. The company | :09:13. | :09:21. | |
that owns the Empire Sing behind famous Manhattan skyscraper | :09:21. | :09:29. | |
want to raise $1 billi control | :09:29. | :09:35. | |
control of the land bark in 2010. Markets now - -- landmark. A | :09:35. | :09:41. | |
negative response to what was happening on those downgrades by | :09:41. | :09:46. |