A month long cease fire in syrias government and russian air strikes killed sixty six people in. A low. U. S. Markets vala tile in early trading a day after steel also switch to sell off in asia and europe. And space x. Prepares to launch the worlds most powerful rocket and send along musks a tesla roadster where no sports car has gone before. And im touching on the fun times with the latest sports news where three days ahead of the Winter Olympics train Russia Police begin to arrive in p. R. Chunks while others are still fighting for the right to compete ill have more on that story later. Their warm welcome to the program a six point four magnitude earthquake has hit eastern taiwan bringing down a hotel and all the buildings the United StatesGeological Survey says it struck near the northeast import city of lead several people are thought to be trapped inside the hotel thats it there its the latest in a string of quakes that have hit the region in recent days time when their lies near the junction of two tectonic plates and is regularly hit by earthquakes well taiwanese journalist joyce wan joins me now on the phone from taipei hi there joyce what else do we know so far. Yes its two am in taiwan and the earthquake akamai going to measure is a magnitude six point zero has struck the eastern part of taiwan of folly c. T. And according to the latest confirmation from the National Four agency under the ministry of interior that a total of four buildings have collapsed one of which is a hotel and downtown c. T. Downtown. Holly and and up to twenty nine people how was strapped trapped inside a hotel by a local rescue worker have tried to get them out and so far its hard to confirm or so for local media saying that a total of three people are still trapped in the rubble and another building has another in the structure of another nearby has also told to do in the earthquake also some roads in the city were all a damage and weve seeing. Pictures of gapping holes and cracks and hopefully local governments are trying to get the traffic back on track and joyce just tell us a bit more about the pictures that were seeing were seeing the hotel on its side whats the region around where the quake struck like high tide densely populated in that. Its not a very densely populated area as alone the is to a strong coast of taiwan as a fish and many fish in an agricultural based county and. And. Most people there are. Focused most most with their live in tourism and fish and i could cultural at this time of year as we are the chinese new year. Ruler new year so there are tourists there thats so the hotel was as one of their one of the buildings many true is would choose to stay and joyce what about the strength of the air earth quake i know that you are of course inside pay which is slightly further right than the center of the quake but but what what did you feel will taipei is about four hours drive for awhile ian which is where the epic center of the earthquake is but still we in the past few days in the cup past three days for example we have felt. Tattoos of aftershocks of the earthquake. This one that happened two hours ago was the one of the biggest in the past few days we can feel the jobs earlier people in taipei also feel the jobs of the year two hours ago joyce one there joining me on the line from taipei joyce thank you you an assertion the calling for an immediate polls in fighting in syria are asking for a month long ceasefire to allow them to get an aid and to evacuate the sick and wounded. We are trying to reach those most in need first so when we are able to reach those most in need for example in this situation those in beseeched areas who have seen no aid whatsoever for weeks and months east and in for and can for we. We call from the rooftops if you like we are talking about it leap over a rut where we have about two Million People of concern. And called it the other day its like one huge refugee camp and that is essentially what it is there are hundreds or thousands of people who are internally internally displaced there on the run extremely vulnerable and they are being they come under attack and bombardment that is completely unacceptable well the un comes on a particularly deadly day in syria Syrian Government and Russian Forces have ramped up their attacks on the rebel held areas of the province in eastern there to force a pause a day escalation zones agreed by iran and russia last year sixty six people have been killed by airstrikes on eastern grew to a low on tuesday and at least six of it led bringing the total killed in the last forty eight hours to more than one hundred thirty four u. N. War crimes experts say that the siege of eastern go to involves crimes of indiscriminate bombardment and deliberate starvation of the civilian population theyre also investigating reports of chlorine gas being used against civilians but its met as more. This is supposed to be a deescalation zone part of a Russian Troops still the territory held by antigovernment forces in syria. But if anything the bombing is escalating here in eastern guta. Obv out of google. Uns head of the International Commission of inquiry on syria says the government siege of the area involves the International Crimes of indiscriminate bombing and deliberate starvation of the civilian population was. There are reports that at least three hospitals have been hit with the help of the Russian Air Force on the rainy and back groups syrias president is pursuing the last major pockets of territory held by his opponents in western syria. The offensive intensified after fighters from one rebel group shot down a russian aircraft and killed its pilot on saturday now the syrian army says its deployed add offenses and anti aircraft missiles to its front lines in aleppo and to cover northern airspace i had there from the us four hundred a russian and they are controlled by the russian intelligence not the Syrian Regime so this is russia we need to understand there is an direct confrontation between the u. S. And russia its dangerous because at the same time turkey is trying to force its presence in the area northwestern syria is where turkey is carrying out an operation to push Kurdish Forces out of afrin its using syrian airspace and its got russias agreement to do so but at the same time the Syrian Government has threatened to shoot down turkish jets turkey also wants to wipe e. G. Out of another northern syrian town palm beach but there are u. S. Forces there too much to the irritation of the turkish president. We can you produce all that you can why are you there go ahead and leave who did you bring there the y. P. G p k k you took them there and youre still telling us not to come to memory we would come to them to deliver the land to its true owners. As over across syria its civilians who are caught in the middle the un wants fighting across the country to be suspended for a month to allow the sick and wounded to get out and aid to get in Bernard Smith aljazeera shares on wall street have been seesawing rapidly between positive and negative territory after mondays sharp brasses which cost falls and markets around the globe the Dow Jones Industrial average fell from two percent and add to mondays fall of four and a half percent stocks then climbed back up of mondays close earlier as asian markets reacted to mondays news from home for new york hong kongs hang seng index fell by more than five percent japans nikkei was down almost as much dropping by four point seven three percent well the falls were less severe in europe but londons c. One hundred index still closed down two point six percent well kate ellis on the has been watching the u. S. Markets and sent this report from new york. The markets have been incredibly volatile opening on tuesday with a drop of five hundred points before regaining a lot of that back in the subsequent hours this comes after the dow had its worst point drop on monday in history coming after its worst week in two years and this is all built upon a bigger frame and thats that the markets have actually gained a lot over the last year that President Donald Trump has been in office so a lot of people saying that this could be finally the markets cooling down after being overheated for a long time a lot of people looking at perhaps that theres no real answer to why there is this volatility looking at perhaps inflationary concerns also political concerns in washington d. C. With the russian investigators and not only continuing but heating up and the real fight between the trumpet ministration the f. B. I. Potentially leading to institutional crisis markets dont like any uncertainty and what youre seeing right now is a lot of uncertainty in the u. S. On multiple fronts but beyond that its important to remember that the stock market is not the real economy and the real economy in the u. S. Is still doing very well with very record low unemployment right now and and so that is what the trumpet ministration is pushing over the last year theyve been saying look at the stock market look how well its doing but now that its not doing very well theyre saying no dont look at the stock market just look at the fundamentals of the economy which are doing well so and a lot of ways that uncertainty youre seeing is partially because of the trumpet ministrations sort of speaking between speaking out of two mouths so to speak should americans look at the stock market or should they not set all that aside though and the reason the stock market is so important here in the u. S. Is because it affects Global Markets as well you already saw a downturn at least slightly in markets in asia and europe lets talk more about the. With steve keen hes a professor in economics at Kingston University steve a very well most of the program weve been sitting listening to gave havent we in chatting about this and i guess the big question everybody always has when these moments happen and they are moments but whats behind the why well if you its its the same thing thats behind it it behind if you have a ball and you pumped up to the stars or the rock was about to explode and a bumble bee lands on it it will blow up these totally overinflated markets and but the unique thing about this particular bubble is that its been caused by the Central Banks themselves and its been deliberate because they thought they were rescuing the Financial Sector that they could rescue the real economy so they started with quantitative easing buying bonds of all these Financial Companies within vote shares in the driven the share market up so to some degree is what were seeing then just a correction its a correction of an insane policy but at the same time its not going to go anywhere near far enough because if you look at the not the just the process of the dow jones been completed the process of share is to the yearnings of those shares over the very long term before Central Banks started doing that the rush hour was about fourteen to one its now thirty four to one its that far above what it should base at least twice what the valuation would be but Central Banks are going to let it fall back down again what does that mean in terms of of the fred gelati of an economy like a giant economy like the United States wrote a book called coming aboard now the financial crisis of last year and will come it was with making exactly the same mistake japan made back in not in audi of allowing an asset bubbles of a and then trying to keep the it for the markets inflated by quantitative easing the trouble is Central Banks who have an indefinite capacity to do this but what theyre not doing is addressing the real problem theres too much profit in the world and i should be trying to reduce that instead following the lunacy of modern economics theyre trying to increase the level of private and i think market process are a good thing too so weve then got a system in the states again where weve got these large Corporate Tax cuts how does that then feed. Do they have the sanity or the policy or whatever we want to describe as well in fact theyre going to probably go back and buy their own shares again the most of the money thats been created as being used with the bosch is all right she cancelled the shares by the company themselves driving up the share prices and making the owners look good and making the managers look good but doing many has almost no investment going on compared to what they would be if we reduce the level of profit and then encourage corporations to start investing again so when things get really bad whos big enough to bail out everybody else the central bank this is one of the the things which we dont get a heads around the Central Banks can create as much money as they lock of their own currency they literally have no limits the amount they can create and if they would cause that directly into the Financial Markets thats why theres a bubble there and what they should be doing is directing into the into mind strayed rather than wall street and then we might get an economic recovery steve thanks very much fascinating to talk to thank you. Coming up on the news hour three prodemocracy activists want free in hong kong after their on the office and the convictions overturned. The u. K. Court rules against wiki leaks founder Julian Assange and his bid to have his u. K. Arrest warrant dismissed and in sport the eagles have landed back in philadelphia after their super bowl victory but the hot seat isnt over yet more on that coming up well talk to. The Supreme Courts of the mall days has an old its own order for the government to release a number of imprisoned Opposition Leaders this after the president accused of engineering a coup president. Refused to comply with the order stead him post a fifteen day state of emergency and arrested two senior judges and a former president who is in fact his half brother or some a binge of it has the story. Just hours after a state of emergency was declared in the island nation of maldives disport carries a prominent Opposition Leader to the countrys main jail on a remote island. Was arrested on charges of bribery which the opposition says this politically motivated. His family released a video earlier in which he urged his supporters not to lose hope when you heard. The news police came to arrest me im going with them i dont even know why they are arresting me ive done nothing wrong or unlawful i urge the people to be strong and stand with us we will win. With the arrested but two judges for the deepening the political crisis. It all began on thursday when the Supreme Court called for the retrial of nine opposition politicians including exiled former president Mohamed Nasheed. Also reinstated twelve m. P. s who had lost their seats for supporting the opposition but president refused to comply with the. And celebrations turned into protests i mean yeah i mean also declared a fifteen day state of emergency and ordered the military to secure the Parliament Building for an indefinite period. And. The president. By me and. I will not function and this is. In addition to the two judges police raided the house of the administrative head of the Supreme Court the court says police didnt have enough evidence to arrest a judicial executive president yemi who happens to be the half brother of the arrested leader abdul gayoom came to power in two thousand and thirteen that was a year after police and overthrew president Mohamed Nasheed but in the shaky democracy president ya mean has faced similar allegations of becoming authoritarian and being corrupt his government says that despite the state of emergency non functioning Supreme Court and military posted outside parliament its business as usual for citizens and tourists that the Supreme Court was expected to do favorably on a petition to impeach i mean Opposition Leaders allege the president s loyalists made it clear that they would not comply with such a verdict and launched a crackdown. For now the country best known for its tranquil beaches is struggling to deal with yet another round of political turmoil some of the job i was there in south africa the president s state of the nation address has been postponed jacob zuma was shuttled to give us an email address on thursday but the pot of misbehave confirmed theyve been a delay to the speech theres been growing pressure of course on zuma since he was replaced as leader of the a. N. C. By Cyril Ramaphosa in december its created major deficiency in the ruling party we decided to upload the president off the map and to propose that we postpone that joins in or that aid room for establishing imagine more homes in the body tally up most here. I thought the conversation was outraged there was cause for democracy over this i was why is it. The case centers on an incident in twenty fourteen which triggered almost three months of protests shutting down parts of Central Hong Kong that were found guilty of Unlawful Assembly and inciting others after the storm government headquarters their own missionary sentenced to Community Service but the government intervened calling for harsher penalties the court of appeal agreed and sentence them to up to moms in prison but the citys highest