Minor at the time of the crime and was tortured. The french president , francois hollande, has welcomed Barack Obamas newly announced Climate Change plan for the u. S. , saying it is a major contribution to the success of this decembers planned world Climate Change conference, which will be held in paris. Obama challenged america and the rest of the world, to step up efforts to fight Global Warming as he formally unveiled his administrations controversial plan to cut Carbon Emissions from u. S. Power plants. Lets get this report from our correspondent. President obama the single most important step america has ever taken it in the fight against global Climate Change. President obama revealed to strategy from the white house monday. The 32 reduction a 30 a 32 reduction in emissions from power plants. President obama there is such a thing as being too late when it comes to Climate Change. Critics have hit back calling it unfeasible for a country that relies on coal power for 37 of its electricity. Republican president ial candidate scott walker called it costly. Scott walker it would be like a buzz saw to the nations economy. I want clean air, clean land clean water, but i want an economy that my children and grandchildren can grow in as well. Republicans in Congress Plan to challenge the plan. The issue will also be far in court. Six states have found to take legal action. Stuart joining me now is a special advisor to the United Nations global compact. Thanks for being with us on the program today. Do you think it is the announcement that is going to change things for the future . It is important because it shows that president obama is sincere. He really wants to do it, so the political will is there. It gets to the heart of the problem. Already coal is declining in the United States. Mining companies are going bankrupt because of natural gas, so it is stronger and faster. Good words, yes, because it is already a bit late. What it is what is going to be important is that this plan will be at the center of the election. It is going to be a real battle. I think, if i can daresay, the United States has decided for the first time to limit, they are excited emissions, but not to limit Carbon Emissions. I think we need an amount of moderate republicans to stand up and say, yes, we need to fight Climate Change. Stuart obama may be for it, but we heard at least one republican , and im sure there are many more, saying this is not a good deal, that will limit the economy as the world is starting to recover. Brice also because the money for the campaign is paid by the koch brothers. Senator Bernie Sanders says these words very simply. At a certain point, the oil industry is paying to deny Climate Change. This step by barack obama is very important. It completes the steps before, a comprehensive plan that is building up, and it came after a long battle, a long legal battle because lots of people said Carbon Dioxide is not a pollutant. They went to the Supreme Court to say that yes, it is a pollutant, and the epa is allowed to regulate it. It is a very important step. It will be very important because it shows all the other countries that one of the major producers, the United States, is doing something. Stuart from the other point of view, there will be some republicans who say that because of this there will be people who lose their jobs, people who are out of work, who will be living below the poverty line because of this law that obama is trying to bring in. Bryce it is difficult to determine what is going to happen, but the move of the generation toward renewables is going to create even more jobs. That is the challenge. It is a new economy. In this new economy we hope will participate anyway. Stuart we have the world Climate Change conference coming up in december in paris. Presumably you are hoping that a lot of this will be carried through by other countries as well, the cut it is not just a u. S. Problem. Brice absolutely. There was an agreement between obama and she layingand the chinese minister. The main problem will be the relation between all of these imagers and the developing world, which says, listen, we need to adapt, we need to have some help, so this is probably going to be the sticking point. Stuart thank you so much for talking to us on the program today. 121,000 acres of land are now berdych across californias wildfires are burned across california, as wildfires move across the region. Thousands of homes have been evacuated. Firefighters have managed to extinguish three fires leaving 18. The largest has destroyed 50 buildings with another 6000 under threat. They are calling it the rocky fire, and it is destroying everything in its wake. The blaze in Northern California started last wednesday and has already scorched 60,000 acres twice the neighboring city of san francisco. The governor has announced the state of emergency and called in the national guard. 10,000 firefighters are attacking spreading flames. Very dry, very flat, and with the wind is spread very quickly. 13,000 people have had to evacuate their homes, and that number keeps growing. They told us that this was an unprecedented fire. It was everywhere, huge. It is jumping all kinds of boundaries, and we are in the avenues, and we got out of the meeting and it looked like a bomb had went off over here. Firefighters say they are beginning to gain ground against the flames. The blaze continues to burn. Stuart the death toll from that flash flood from the flash floods treated caused by various rains in pakistans has risen to 18. Floodwaters have inundated vast areas, leaving tens of thousands homeless. 275 villages have been affected. Worst affected is the northwest with 59 People Killed there alone. Heavy rains are causing problems in other countries, including in burma. The country appeal for International Assistance for food, temporary shelter, and clothing. For 210,000 people. At least 47 people there have been killed. Pakistan has executed a convicted child killer. After a storm of protests from civil Rights Groups that his confession had been extracted by torture and that he was a minor at the time. Shafqat hussain was hanged for killing a child in 2004. Protests were coming from the u. N. His sister said, why did they hang my innocent brother . Because we are poor . I say this is cruel unjust. They should have hanged him at the time. Instead, he was kept in prison for 12 years. If he had been in prison for two more years, he would have served a life in prison term already. Stuart pakistan has 8000 people on death row, making one of the highest in executions. In the aftermath of an attack in peshawar last year, 150 schoolteachers were killed by the caliban. Progovernment Yemeni Forces have taken control of the key military airbase in the countrys south. The Defense Ministry from saudi arabia, where the Yemeni Government is in file, is in exile, announcing the liberation of the alanad military base. The rebels are denying the base has been taken. Alanad was once the site of u. S. Operations against the powerful yemeni affiliate. After an arson attack last week that killed a palestinian toddler in the west bank, you should bet would not say if the 23yearold was suspected of involvement in the arson attack on friday. But it says he is the head of an Extremist Group seeking to bring about religious redemption through attacks on christian religious sites and palestinian homes. Irris makler joins us now from jerusalem. Tell us a little bit more about the suspect. Irris i can tell you that the 23yearold has a history of being a rightwing he is the son of a wellknown rabbi politician, racist Party Founder who was ultimately assassinated in the United States in 1990. He has a history himself with involvement in antipalestinian actions, for which he was banished from the west bank and jerusalem and currently lives in northern israel. We are seeing the arson attack on the home in which an 18monthold was killed, and his family was terribly injured. I think we are seeing this is the first evidence that this was a game changer because in effect, he is being taken in for questioning without being charged with anything. They plan to hold him under administrative detention. These were not previously enacted against those suspected against israelis and jews involved, suspected to be involved in terror offenses. Stuart it is creating a highly tense atmosphere there, isnt it . Irris the order comes from the top of israels political establishment because they are fearful of what will come next. We are seeing a situation which military analysts say is the most tense since the gaza war. Last night and israeli family driving along the main road between east and west jerusalem had their car firebombed. There are fears that if his anarchist stroke jewish terrorist group is not brought to a stop, then it really could set fire to the west bank. That is why we are seeing a concerted effort to cast the assailants and stop this group. To stop it tentacles from growing. Stuart irris makler, our correspondent speaking from jerusalem. The leading rights activist in burundi has been shot and wounded by unknown assailants in the capital. The president of the association for the protection of human rights and detained persons was fired upon while walking home, according to leaders. The shooting comes a day after the assassination of a top military general in the country. A close ally of the president , who was reelected last month in a highly controversial election. The leader of spains wealthy catalonia region has signed a decree calling on early parliamentary elections. He says it will act as a proxy vote on independence. The cattle and president already faces criminal charges for staging a mock independence referendum in november. Now he says if prosecession parties when a majority in the new vote, they will aim to split from spain within 18 months. Signing a decree that paves the way for a foxy vote on independence, on monday the president of the spanish region catalonia dissolved parliament and officially called for elections to be held next month. Now scheduled a year earlier than necessary, the september 27 parliamentary vote is a way to see how many catalonians 7. 5 million citizens are for or against independence from spain. Democracy will start this protest. The polls, and the citizens resolution will be the tools. The future of democracy, justice, and freedom is on the horizon. A strong proponent for independence held in mock referendum on the issue last november, to the ire of madrid. Although turnout led to mixed results, despite a strong turnout at previous rallies, of late the areas independence parties have bounced back by joining forces. Staunchly against the independence of the region that accounts for 1 5 of spains economic output, Prime MinisterMariano Rajoy said friday that a split is out of the question. Independence will not happen in any way for catalonia. It is not possible. It makes no sense. We are in europe which is becoming more and more united. With the National Political parties focused on the general election slated for the end of the year, the early catalonian vote has once again brought the question of independence front and center in spanish politics. Stuart here are the made headlines for you live from paris. Francois hollande welcomes president Barack Obamas newly announced Climate Change plan for the u. S. , saying it is a major attribution ahead of the Climate Change conference to be held here in paris. 121,000 acres of land now burns in california as wildfires sweep across the region. Thousands of homes have been evacuated. In pakistan, a convicted child killer is executed despite a storm of protests from Rights Groups that he confessed after being tortured and that he was only a minor at the time of the crime. Business news with stephen. At this time yesterday we were telling you about greece, and today another bad day on the greek market. Stephen yesterday we saw the record fall in the greek stock markets. We have seen positive territory this morning, but the composite index was down by 1. 3 , as you can see. The head of the Greek Stock Exchange saying this shows the market is now normalizing after that huge fall of 16 monday. Greeces banks are still taking another beating. Tourismrelated shares like ag and airlines are seeing some gains. Market watchers are saying there are opportunities to make money in the greek markets. Lets take a listen. There are two key factors that will determine matters from now on getting rid of the Political Uncertainty regarding the agreement between greece and its creditors, and secondly there needs to be more specific information regarding the recapitalization of banks. As long as these uncertainties persist, market volatility will remain. However, this great drop brings lots of opportunity, as is the case with all stock markets. Stephen that is the picture in greece. Lets look at the rest of the european markets at this midpoint in the trading day. You can see there is no great drama. In paris, shares plunged by 10 after it said it would not simplify its business because of the constraints of government talks. The german carmaker bmw is also seeing its shares fall by 2 after slowing sales in china. Stuart puerto rico has its own financial troubles. Stephen it is being called americas greece because it missed paying some debt over the weekend. It is now officially in default. Puerto ricos government that puerto ricos governor is now saying that it is unsustainable and that it would need a haircut. It is tricky because it is a u. S. Territory. A first ever default for puerto rico, after warning it could not pay. The government missed a 58 million bond payment. It paid off interest of a little over 600,000. The island said it should not be considered a default, but moodys has disagreed with many u. S. Pension funds invested in the territory. Some u. S. Citizens find themselves personally tied up in the affair as they risk losing money. In puerto rico, it is the citizens who suffer the most. Much of the defaulted debt is held by regular people on the island through credit unions. Over the past decade, puerto rico had been living beyond its means, continuing to overspend while its economy shrank. In all the territory is 72 billion in debt. Since the island is not a country, it cannot turn to the imf for help. Nor can it go bankrupt under u. S. Legislation. The white house has already ruled that a bailout is default. It will sit down with creditors to restructure its debt, but the islands governor is calling it an unpayable debts viral an unpayable death spiral. Stephen initial shares of the royal bank of scotland are 3 billion euros. The governments stake in the bank will be under 73 once it is sold. Stock rules trading allows loud volumes of shares to be bought. The practice is being cracked down upon in december of this year. Toyota profits rose 10 in the months at the end of june in the weeks at the end of june. Sales were down in the same period from last year. Stuart raising the minimum salary to 70,000 a year sounds like pretty good news for everyone, but it has not been very easy for one american company. Stephen this is the story of the company gravity payments. It is quite controversial well, in a blaze of fanfare, a minimum salary of 75,000 was announced. Job applications flooded in, but there was a bit of a backlash because some customers withdrew their business because they saw this as a political statement being made by the boston company. Senior employees also left as they said they did not feel they were getting a pay raise, it was just the more jr. Ones getting a pay raise. The cofounder of the company took legal action, saying that his right as im marty as a minority shareholder had been breached, and that it was much more difficulty for the coming to make good on this promise of a salary increase. Proving that a good idea is not always easy to put into practice. Stuart sounds like a good idea. Would you give help would you give up some of your wages . Stephen for you . No. [laughter] stuart stay with us. Belle lupton is with us today. U. S. President barack obama is unveiling his clean power plan. How has that been received by the u. S. Press . Belle so far it seems to have been split the reception split along party lines. Republicans are slamming obamas clean power plan, while democrats are broadly in favor. Is it a broad proposal, or an expensive war on . The Washington Post breaks it down for us in an editorial with a cheat sheet on how to detect nonsense about Climate Change. To those people who are the critics of the plan, he says are their arguments placed based on a blurry eyed argument for coal, that produces massive amounts of Carbon Dioxide . The answer in that case should be no. If they are in favor of the plan, he asks questions, including, do they talk about building the economy of the future without recognizing that this will require real sacrifices from real people . The question again if it is not, you might be being led of the garden path. If more people realize that most of the big voices are selling and unforgettably incomplete picture of this argument. Speaking of pictures, pulls in the same paper have this one summing up the situation. You can see carbon fuels incorporated, the company spewing out mass extinction on the right side of the image. On the ground, you have humans fighting over whether it was right to have killed the lion lying behind them. That was a reference to cease all the lion, killed in zimbabwe last week. Two cecil the lion, killed in zimbabwe last week. Stuart opposition to the plan has been from the coal industry, unsurprisingly. Is there much mention of that in the press . Belle the New York Times has an opinion piece calling it acquired her side of the story. It says the coal industry will say the sky is falling, but behind the scenes, really work is being done for lower carbon future. The article goes on to say that many big players in the electric Power Industry will gain more from obamas plan, and points to a move already by Utility Companies away from coal and toward cheaper natural gas. Now it says the federal plan will help them profit from these investments and reward them for making more. But the question is, will these Utility Companies voice their support of the obama plan, or will they remain on the sidelines . Stuart the french press are certainly talking about it. Belle this is a story that broke in the french paper, a paper that focuses on the african region. It is about a close aide and friend of cap ons president. He was arrested in paris on monday morning by french police, who were with the office against corruption and crime. It was a political investigation that began in 2007, into the misappropriation of public funds abroad and also of money laundering. The paper picks up the same story and explain to us about how he formed a 7 million euro contract back in 2005 through the French Company mar whichc essentially was going to be selling military uniforms. The french authorities were suspicious when they saw Bank Transfers being made to a bank account in monaco that belonged to a close a company that was run by a close contact of the man. The hole in total came to around 2 million euro. That was enough to raise the suspicions of the french authorities. So le monde asks about this deal from the president could have been bribed by this French Company eager to keep this big contract withcccccccccccccccccccccccccccccc ls change us. Certainly the book has probably changed us more than any other tool. For 500 years, its been this incredibly important tool for humanity. Books are the foundation of civilization. You walk into someones house whats the first thing you look at as aa literate human being . You look at their library. This can sound romantic but the feel of a book thethe texture of the paper even its smell. They are the best way of preserving information ever invented. But in the digital, age we really have to start questioning what a book really is