Transcripts For KCSM Journal 20121020

When the roof over our heads collapsed. It soon became clear who the likely target was the senior lebanese intelligence official was among the dead. He recently played a role in the arrest on terror charges of a former minister with links to syria. The destruction we know that from the days of our own civil war, but when people start dying, no one can make that better. Syria has troops stationed in lebanon for 30 years. Most shiites and many christians support the syrian leader. The sunnis, who are the main Opposition Group in lebanon, backed the syrian rebels. There is no one in this group who accepts that lebanon is used as a battleground and that lebanese pay the price. The Syrian Government denied it had any hand in the bombing. International envoy brahimi i in syria pushing for a temporary ceasefire. Meanwhile, syria war syrian warplanes continue to fire on rebel positions. Unconfirmed reports indicate that 150 people were killed on thursday. Well, europe is set to get a banking regulator next year. At a twoday summit in brussels, eu leaders came up with a time line for the body to be gradually implemented in 2013. The details are still to be hashed out, but heres what we know right now the European Central bank will function as supervisor in chief and have the power to intervene in any of the eurozones 6000 banks. Damages coming up with a time line was a compromise between france and germany, which had been at odds at the scope of the ecbs new powers and when they will be put in place. And it was a long night for the chancellor, but in the end, Angela Merkel got what she wanted. A eurozone banking supervisor will not go into operation in germany. People need to be brought together in a whole new authority, which today, on october 19, does not even have a Legal Framework ready on the horizon. No one can tell me it is going to be up and running by january and better than anything we currently have. It just would not work. Instead, you leaders agreed to have the Legal Framework in place by january 1 eu leaders agreed. The European Central bank is to lead the mechanism, but the precise number of banks to be monitored and what powers it will have remained unclear. France was looking for more rapid action. What do i feel about this meeting . It took longer than what is really necessary because there was already a basic agreement between germany and france, but it took longer because it was also a debate between those in the eurozone than those outside. Those differences were also evident in other areas. Nonyearold member britain is already threatening to veto the you noneuro member britain is already threatening to veto the you the eu. As for the banking supervisor, the European Council president says it will be implemented sometime in 2013. The date is important because only then can the Eurozone Rescue Fund start recapitalizing struggling eurozone banks directly. Lets get a check on how stocks reacted to the banking deal out of europe. Our correspondent has more from frankfurt. Traders on the frankfurt floor do very much work under a common european supervisor and have supported the idea from the beginning because european banks are strongly in tangled, but bank shares have been heavily under pressure due to a very pessimistic verdict from u. S. Ratings agency moodys, which expects hard times for german banks and warns they are not as crisisresistant as institutes in other countries. It put pressure on the dax, but the german dax was also under pressure after a very successful week due to very disappointing results from the u. S. Lets get a closer number at that a closer look at those numbers. It was a down day for the tax, ending its winning streak because of concerns about europes banks. It was a similar story for the year of stocks the euro stoxx 50. Trading is still under way for the Dow Jones Industrial average, and it is being dragged lower by disappointing corporate earnings. The euro is trading for 1. 3021. And suddenly, today is the 25th anniversary of the stock market crash of 1987, known as black monday. The dow plunged more than 20 on that date. Thats right. In europe, leaders are hoping the eus banking deal will help shore markets and reduce the possibility of an event like that happening again. But the sad reality on the ground is that ordinary citizens continue to feel the pinch of the eurozone debt crisis, and so far, it shows no signs of letting up. One egg for dinner for the whole family. The spanish red cross is using this add to highlight the plight of the many people in spain finding it hard to make ends meet. For the first time in its history, the red cross is collecting donations for the unemployed here. Some in spain are having problems affording food. Others cannot pay their mortgage. When i intend goes back payments. The opposition in the Northwestern Region is skeptical of the governments response to the crisis. Theyre not going to bail out theyre going to bail out the banks of the rigid at the expense of people, pensions, public workers, and social rights. That is why bringing forward these elections is not an innocent move. It is calculated so the first, there is the vote, and then they will do what they need to do. Spain has already received aid for its embattled banks, but new figures released by the central bank suggest that may not be enough. Many of the countrys Financial Institutions are struggling and the weight of bad loans under the weight of bad loans that will never be paid back. At last count, they totaled 179 billion euros, 50 billion euros more than last year. This is why spend like to see a Banking Union introduce quickly it would allow the countrys banks to drive directly on the rescue fund. To russia now, and president Vladimir Putin is looking to consolidate National Control over the countrys oil industry. The statecontrolled oil giant is looking to expand. From what were hearing, theyre offering a stock and cash offer worth about 25 billion. Bp is remaining tightlipped about any possible deal. The headquarters of the Worlds Biggest Oil producer could be could soon be a stones throw from the kremlin. They want to buy bps 50 stake and its joint venture. That means that the countrys Third Largest oil company is based imaging being taken over by the biggest one pier that would create a new giant that produces about 40 of russian oil. President Vladimir Putin is backing the deal. The future of bp and russia was discussed a few years ago. Some analysts believe the acquisition is not in the industrys best interests. Obviously, if i instead of if instead of two Major Players you have only one, that is not likely to stimulate competition, regardless of what the antitrust authority may say. Competition will suffer. But bp is not planning to completely exit the russian market. If the deal is confirmed, vp could join forces to extract oil in the arctic. Some sports now and the fallout from the Lance Armstrong doping scandal continues. Now a major cycling team sponsor says it is cutting ties with the sport completely. This is especially significant because the Dutch Banking Group has sponsored a team for the past 17 years and was the biggest backer of the professional cycling. The company said it was no longer confident that cycling was a clean sport. The end of an era. This team has run its last race. The Dutch Banking Group is severing ties to professional cycling at the end of the year amid mounting scandals over building in the sport. The latest involving seventime Tour De France winner Lance Armstrong was the final straw. We are no longer convinced that the International Professional world of cycling can make this a clean and fair sport, and we are not confident that this will change for the better in the foreseeable future. The announcement is another blow for cyclings world governing body. It has been accused of being too passive in the fight against doping. The former uci president is also alleged to have concealed a positive test by armstrong in 1999. Did they want to find an athlete of his stature guilty of doping . We found clear accusations that positive tests were not dealt with by the book. Current uci president mcclain has a decision to make. Leslie, the u. S. And test the agency released a report saying armstrongs doping practices were the most detail and successful in sporting history. There will have to decide whether to strip him of his Tour De France titles. This weekend, all eyes will be on the clash between defending champs dortmund and their archrivals. This is the biggest derby in the bundesliga. It was no holds barred here at this training session. The players look like they are ready for a fight. But portman are missing some key players. Two are out with injuries, and thats only the beginning of their concerns. The reigning champions are trailing behind bayernmunich by 9 points. Theyre counting on fans for strength. We need to make sure that the fans feel it, the intensity, the passion, that they can feed off it to create that momentum. That could bring us the positive results we need. They are ready for a win against their arch rivals. I have been with them for so long and play at in many debbies in my youth. They are always important to me. The coach still needs to decide between goalkeepers, but he says the team is ready to take on dortmund. I think we bring a lot of positive qualities to the game. We showed that in our last match at home, except the result was not so good that time. But the odds are with dortmund. They have won the past two local derbies. Coming up after the break, we will look at germanys first private trial in 400 years. And palestinians go to the polls on saturday. And if you have any nostalgia for the old vw buses from the 1960s i dont know if you remember them we have a story about that. Stay with us. Welcome back. It is the first sentencing of its kind in 400 years. A german court has convicted four somali pirates. Our next report shows bringing pirates to justice has been a long and complicated process. They are a long way from home, and they are not going home anytime soon. 10 somali pirates sentenced by a german court. The three youngest of two years in juvenile detention. It was not a brief trial. The court in hamburg took two years and more than 100 days in session to finally reach its verdict. The 10 men hijacked the german flag container ship in april 2010. The captain managed to send out an sos before hiding with his 15member crew in the ships panic room. After a dramatic 3. 5hour rescue mission, dutch commandos detained the pirates. For months, not much more was known about the episode. Then came the Tipping Point shortly before the end of the trial, one of the somalis confessed. The story that unfolded was one of kidnapping and extortion. He himself claimed to have been nothing more than a translator. It was the first piracy trial on german soil in 400 years. The trial, as we heard, was very expensive and went on for two years. Our Political Correspondent talk to us earlier about the complications of the case. There were quite a few complications in this trial. It began with trying to identify the defendants, figure out who they were and how old they were. Of course, the defendants had no records of their birth, and somalia being a failed state, there were no records there to consult, so the court had to rely in some cases on dental analysis and bone xrays to try to ascertain the ages to decide whether the men should be tried as juveniles or as adults. The defendants also suffered from depression. There were suicide attempts along the way. It was a very difficult trial. Also with respect to the jurisprudence, again, there has been no privacy trial in germany for hundreds of years. It was complicated. That was our correspondent, terry martin, talking about that. Coming up, we look at the lighter side of u. S. Politics. First, lets take a look at some of the other stories making headlines. A roadside bomb has ripped through a minibus in the northern afghan province of ball. 19 people were killed. 14 when did. The victims were taken to a regional hospital. The bus was carrying mostly women and children and going to a wedding party. 19 people were killed, 14 wounded. A fundamentalist german muslim has been sentenced for stabbing two police officers. He admitted to attacking the officers during a demonstration in may. Both officers survive. The situation turned violent when a neonazi group displayed cartoons of the prophet mohammed. A woman died after being dragged out to sea during a coastal storm in spain. A man is also missing. Torrential rains have caused flooding while catalonias Emergency Services have declared a state of alert. Two president ial candidates, the archbishop of new york, and a major Memorial Dinner it sounds like a recipe for last, right . Turns out that it actually was pretty funny. Politics were certainly very heavy in the air, at least for a few moments, though, the two were able to put their differences aside and share some laughs with americas rich and famous. For the president and his arrival, it was a lighthearted break from the campaign in an upscale New York Hotel for the president and his rival. It is nice to finally relax and where what i wear when the house. But the combativeness of the campaign was never far from view. The campaign will be grueling, exhausting. President obama and i are its lucky to have one person who is always in our corner, someone we can lean on and someone who is a comforting presence, without whom we would not be able to go another day. I have my beautiful wife. He has bill clinton. President obama also joked about mitt romneys vast wealth. Earlier today, i went shopping at some stores in the town. In their understand governor romney went shopping for some stores in midtown. But he also showed he could laugh at himself. This is the third time governor romney and i have met recently. As some of you may have noticed, i have a lot more energy in our second debate. I felt really well rested after the nice i had in the first debate be nice long nap i had in the first debate. And to was only a brief interlude before the campaigns returned to the trenches. The Palestinian West Bank is voting in elections this weekend that the government hopes will help overcome internal divisions and provide strength for a push for independence and statehood. The last time palestinians went to the polls was in 2006 for general elections, which were decisively won by the islamic hamas movement. Hamas is refusing to take part in saturdays vote, which is being viewed with a leap by many in the Secular Party discovering that voters are becoming increasingly conservative, especially regarding womens issues being viewed with relief by many in the Secular Party, which is discovering that voters are becoming increasingly conservative. She is running with an independent womens list with one goal to get more women in politics. Not an easy task in this conservative city. She has a hard time convincing even women to vote for her. The womens list has to appeal directly to women, asking questions like, why dont you push for your rights . Why can women the Decision Makers . Why can a woman not say what she needs how much water, electricity, or whatever else . These are the first elections of any sort in six years, but one key Political Force is boycotting the contest. Hamas says the elections are not fair. The poll this been completely canceled in the gaza strip. We all know about this division between dogs and the west bank, and if these elections are held without gauze and jerusalem, then the division will only get worse. We want a unified palestinian people. Out on the streets, opinions are mixed. No one should boycott the election. Voting is a human right that we should all exercise. Weveeen waingor it is an important step in a voor. Im not going to vote. 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