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March 13, 2009

Today At The I-Desk

Posted: 1458 GMT

Happy Friday the 13th everyone,

Another busy day at the International Desk today. We'll again mainly be focusing on the economy.

Although the Dow Jones average rose three days in a row and is flirting with flat today, don't be fooled: the world economy is still mired in a deep physical – and existential – crisis.

It's not just what's going wrong (the jobless rate, the frozen credit market, the depressed consumers, the mismanaged banks etc.,) it's how to fix it and what new system should replace of the old model.

We'll be going live to London for the meeting of financial leaders ahead of the G20 summit next month. President Obama's economic team head said today that concerted action is starting to unclog credit markets.

But after months of trying, and using all the tricks in an economist's toolbag, consumers still aren't spending. The challenge is to figure out how to reboot the economy without going back to living on borrowed time – and borrowed money.

That brings us to today's I-Dek poll. People are angry and pessimistic. They're losing their retirement money in huge chunks. They're worried their kids will be worse off than they are. When people hurt, they want someone to blame. So we're asking you: who is responsible for the economic mess?

Are bankers, who mis-invested billions in shady mortgage backed securities the main culprits? What about political leaders, who allowed the old system to thrive?

And now frustrated investors are taking aim at financial analysts. Satirist Jon Stweart this week savaged CNBC host Jim Cramer, highlighting some bad advice he gave viewers before the banking collapse. But the comedian Stewart has done more than take aim at one business channel host, he's captured the outrage of ordinary Americans who feel misled and lied to by those who should have warned them of the cataclysm.

Also at the I-Desk, we'll be talking to Richard Quest about a couple of high profile interviews he conducted today in London.

We're hoping to go live to Bangladesh for coverage of a dramatic fire that destroyed parts of the country's largest shopping mall.

And the rest of the day's top news stories, including Michael Jackson London tickets selling like hot cakes.

See you on air,

Hala

Posted by: CNN Anchor, Hala Gorani
Filed under: Today At The I-Desk

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Fawad Ali

March 13th, 2009 4:49 pm ET

Jon Stweart this week savaged CNBC host Jim Cramer........
truly nice job Jon,

Financial Analyst.............. I really hate their confidence, self-assurance, ……. Anyone with big mouth can replace them…….

louise

March 13th, 2009 8:16 pm ET

Hey people! why aren t you talking about this brazilian catholic non sense! a nine year old raped by her stepfather and got pregnant. Her mom made her abort and now the catholic churc in brazil excommunicated them! saying that it was against God s law!! what nonsense is that!! please would u do something on it? even if it is small please people should know about it

Shirley E

March 15th, 2009 9:39 pm ET

I would love to have an hour or so of international news on CNN TV and how about a 15 minute to 30 minute show of good news. Do you think anyone would watch? Unless I just don't know where to look, other than Link TV, I can't find a good hour show of international news. Some of your information shown at the bottom of the screen is more interesting than what you are actually airing. Many thanks for the opportunity to express my views. Shirley E.

Vicki S. Nikolaidis

March 16th, 2009 1:42 pm ET

It's time to take the power out of the hands of the Bankers. I used to think the main enemy of a capitalistic democracy were the corporations but now understand they are secondary to a few wealthy & powerful bankers.
I don't think Congress had much control over the situation regardless of what they did or did not do. The Regulators were not taking their job descriptions seriously, along with the bankers they need to be made accountable and punished in criminal courts.
Time to change the system from great high huge 'bubbles' to deep low losses. the people in a position to manipulate the situation can make loads of money if their timing is good but it's not worth the trouble it makes for the rest of us!

Vicki S. Nikolaidis

March 16th, 2009 3:10 pm ET

Shirley, I bet people would watch international news gladly.
CNN international has been my favorite since i moved to Crete and discovered the channel (using an antenna on top of the house!).
But then the channel was switched (partly to save money) to the 'Vouli" channel which has a live feed from the Greek parliament and lots of great documentaries, opera, plays, etc.
So . . I am now watching CNN International with a Real Player SuperPass. I'm trying to push the right button to get CNN I, Al Jazeera and Euronews . . . all for about 10 Euros each month. Maybe that would be something that would work for you

peacenow

March 17th, 2009 12:30 am ET

Please show the truth from the west Bank. Why are the settlements still expanding and Obama does nothing?

Where is the peace plan, Blair, Mitchell and gang?

More Russian immigrants have landed and are taking yet more land and the settlements will grow and grow

Show the truth and the facts

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International Desk brings viewers into the heart of the largest news gathering operation in the world. Viewers don't come here to watch the news; they come here to be immersed in it. To feel the rush of being the first to know what's happening as stories break, and to leave knowing they've gotten the best and latest information available. The show airs Mon-Fri at 1900 CET.