are paying very close attention to what russia has to say and what russia is doing on the other hand you have this willow which is a growing political power an emerging power in the western hemisphere and of course that is a fact that cannot leave the united states in particular irreverent because there are rapidly losing influence in that region while but israel is gaining that their influence stole the two presidents so when the leaders of the two countries are meeting of course the world is going to be paying close attention so what will they be discussing well it seems there's plenty for them to talk about you have to remember that there is a corporation in the oil and gas sector with the go with the bilateral venture is set up just earlier this year is also cooperation in the nuclear field with russia building at first nuclear plants in venezuela there's also every so venezuelan bay which is being established which was set up which which was with which was set up in two thousand and eight to during the economic crisis while the world was moving over what to do russia as well or went ahead and decided to solve the problem in

their own specific way and of course there's also russia's aid to venezuela in the . in the social sector with russia building an entire infrastructure for the poor families in the bin as well and communities so a lot of things to be discussed but that is coming on the second day of the presidential visit and on the first day today to go chavez is going to take it easy and basically just have an informal dinner with the russian president in leave me back to you. and then as well is a socialist state but it's king to promote that it's actually a new kind of democracy has been talking a lot about that over the past couple years but what does it actually mean by that . well what it means is that you go chavez has conducted several of us social reforms which have given more power to the poor part of that with poor segments of the population so they don't only get to vote the act. so we get a chance to make

a difference in their own community and in the political life of the country and here is the report by the details of these reforms. welcome to democracy one o one that's well a style. there is a people's revolution underway here what is indisputable is that it never would have happened without this man coming to power the figure larger than life times as president. the idea that social reforms prioritize the country's majority poor activated participatory democracy in this country. a system which invites the poor not just to vote but to get involved in the political process itself supporters of this process or the president are known simply and perhaps more vaguely as. in the wealthy neighborhoods it's called communism but in the slums it has a very different meaning in las vegas as a community leader isn't president chavez it's freddie mendoza here during more

than thirty five years we've been fighting achieving improvements to our condition of living he is the guidance for the community decisions these are the policy makers of those decisions they are school teachers and bank tellers and the unemployed regardless of who you are or what you do for a living everyone has an equal say in how this part of the body oh is governed it doesn't matter if it's in the middle of the night or raining whatever time it is the communal council is present and available for all of the neighbors of the cabinet there are negative for cultural activities for a sickness for whatever is needed far away from the businesses the malls and the fancy hotels in the inner city are the slums of caracas the concept here come from the bill a very in revolution it was introduced to them by president bush chavez the idea of participatory democracy happens here r t could office minister. we are with our live from moscow a little later this hour for you when you see how russia is racing ahead to welcome

some premier motor sport where in sochi where formula one could be the next pas to be backed by the twenty fourteen olympic city. plus join our teams close to team in no good an ancient russian city that's witnessed some of the country's bloodiest events but it's now a haven of peaceful beauty. but first getting to the top in u.s. politics can be tough enough especially if you're a woman but aside from nancy pelosi and harry clinton some of the next crop are being accused of swaying voters with emotional fear campaigns and snazzy p.r. is going to can now reports that's especially true of one republican rising star who's also raising eyebrows. it to christine o'donnell a republican nominee for senate just weeks to become a household name in america among her credentials she campaigned against masturbation you're going to be pleasing each other and if he already knows what

pleases a man he can please himself then why am i in the picture she even preached the abstinence the sad reality to tell going to slag off. x. yeah yeah i'm a young woman in my thirty's and i remain chaste right and there was a time the chaste woman even said she would try the dark arts i was staggering in which some would argue she blurted it out ages ago and it's no longer valid so where is she standing now when running for a seat previously held by vice president joe biden i'm not aware. i'm nothing you've heard i'm you but i go into many say christine uses the same tools as her fellow mama grizzly sarah pailin the most effective of which is stoking fears and experiences in their country is going to grow p.r. experts say. experience has little to do with becoming a media darling in america all you have to know is how to push the right buttons

the people make the decisions not on principles but. on emotions and when you know how to manipulate emotions you can get even the worst candidates the most preposterous candidates we must seem to be especially good at fears and steering emotions in this election season meet sharon angle a woman who came from nowhere to become a republican front runner for senate among her wishes to take the united states out of the un phase out social security and shut down the tax service although few believe that these candidates will gain actual political power but what is going to see a lot more anger and also less effectiveness in the congress that that is not able to do what it means to get done some blame the media for giving so much coverage to candidates whose qualification is questionable the american media is so screwed up on matters of substance and so ready to to do the flashy the superficial they love

the quick quote from the pretty face even if the pretty faces don't get political power or they're popular enough to raise issues and affect politics now is the time when many americans are disappointed at washington for not delivering on parma says women are generally good at expressing their disappointment they're even more successful when they do it in a nice red suit with snappy quotes and a big smile on their very eyes for now these women with their lack of qualifications seem to be a laughing matter in the political arena but there is the big question who will have the last laugh come november. second r.t. washington d.c. . well our news is updated twenty four hours a day at r.t. dot com here's what else are lining up for you today taking the fight against drugs to far we've the background on the jailing of a controversial russian drug rehab center chief kidnapping drug addicts. plus

cleaning up crime how moscow something is worth more dead by a cleaner who used the only weapon at her disposal her broom that's at our team dot com right now. though every russian bobbish gun knows the country is not trying to restore the u.s.s.r. so says the prime minister's office but the report since president been responding to claims in britain's times newspaper a columnist wrote an article as an appeal on behalf of a russian grandmother warning moscow against trying to regain control over post soviet territories but press secretary to meet your piece called says it's misinterpreting the region's cooperative atmosphere by using tired old stereotypes when we witness integration process in europe it's normal it's

a way ahead to the future we witness into an integration approach this is. more than america it's also normal it's its way to the future but when the same thing happens on the territorial folks soviet union it's nothing else but then at ten am to russia to rule over the whole territory from from kaliningrad to the far east well it's stereotypes and certainly what we have to do we have to be very proactive in insisting on our point of view on explaining ourselves. well as well as being russia's next olympic city the result of sochi is also hoping to bring formula one motor racing to town the deal is expected to be signed off later on thursday and witnessed by prime minister putin and his boss has details. it might not only be the skis skates and sledges that will get sochi into the headlines in two thousand and fourteen in addition the city is accelerating towards the smoking tires of brokering race cars the contract needs to be signed off by the formula one owner

bernard ecclestone and crossing our governor. it will take two hundred million dollars to get the track up and running and cost the city about forty million a year for the rights to race russia has long been eager to be among the world championship venues and since the beginning of the decade most in st petersburg have been trying to secure pole position but recession through a few obstacles in the way now with the green light for this project in sochi it's not only poor one that will attract thousands of fans organizers say the infrastructure and track could be used to host other motor sport events so if the contracts signed russian sports officials will have a reason of their own for some pain shower. well let's now get reaction from andre of our own. in editor in chief of f one racing magazine here in russia tell us this of course isn't the first time there's been talk of a formula one track in russia what makes it different this time around you know.

for a moment and russia has a long history of more than thirty years so a lot of different. ways is trying to organize they were. extremely difficult to do the right. to be free from. the idea of their government support but my skin's it makes a difference obviously that's a huge difference thirty years in the making if this happens it's going to be an incredible event really do you think that the building of this track could perhaps get in the way of preparations for the olympics. for you know exactly if they get in the way to people who pollution because. the. major russian sports center so you know you have four big games twenty four of them and you have four for want to rounds.

to. to get. that's. even in the rough for whole region do you think that formula one could become really popular really big in russia they're absolutely from one has a lot of support they want to work in the walled. for from motorists and supporters how important is it for national figures right now there is one driver in the formula one circuit to tell you throw what is important we. the more russian drivers to make it absolutely huge success here the absolutely we have the lipitor of who was. possible we have.

few drivers who is prepared already prepared to compete on the side for teresa example. just a few days he became the first russian champion of my age or a motorist in a. cereal bar and also in fried for. another guy who is now competing in a war for foremost. is of absolutely important to have all your own i'm sure believe you have to fear it all plays out under a guardian and editor in chief of f one racer magazines russian edition thanks for your input. now to some other big international stories this hour we start in northern chile where the liner's ordeal is finally over the ship's supervisor was the last to be freed in the twenty four hour operation to bring the miners to the surface they spent more than two months trapped underground following

a rock fall all thirty three emerged safely and in much better physical condition than expected but they're still being given thorough checks in hospital the pit now empty as the last rescue workers have been doubt having declare the mission the rescue mission finally accomplished. and greek riot police have used tear gas and pepper spray to clear the ancient acropolis of protesters about one hundred demonstrators who work for the culture ministry demanding unpaid wages dating back two years they barricaded themselves in and refused to let tourist inside there have been waves of strikes and protest against the tough cutbacks greece's enduring to solve its deep financial crisis. let's take some time now to show you more of what the world's largest country has to offer as we look at russia close up.

this time we travel to the nikkei novgorod which is more than five hundred kilometers northwest of moscow it's one of the country's most ancient cities with over a millennium of history now where it is also known as the place where russia's first democracy emerged and it's seen its fair share of boom times and bloodshed as our teams now explains feature here they gather in the small city of novgorod to celebrate the past at a time when novgorod was the capital of a trading empire that spanned from finland today edge of siberia. you know we are the army of the ruler of novgorod from the height of its prosperity money people are forgotten but we are keeping the memory alive it was all the slavic city of god was founded more than a thousand years ago centuries before st petersburg it became russia's gateway to the west not grab filled the whole of europe with furs and candle wax becoming one

of the most prosperous cities on the continent once upon a time this was not just the hope of a powerful trading republic but possibly the birthplace of russia's democracy. at the sound of a bell the city population assembled on the main square there they voted on the most important issues facing the republic a new ruler was elected after an old one died each part of the city had its own set of government and military commanders were invited from neighboring states and the but there was no good answers a glimpse of what an ancient russian might have been like instead of authoritarianism it could have been freedom and democracy. but it was not to be moscow princes keen to get their hands on its riches subjugated the city. and even carter the way the assembly bell in fifteen seventy nagar became the setting for one of the bloodiest chapters in russia's history we were. when ivan the terrible

came for a visit a feast was laid out for him then just as the guests were getting drunk he suddenly got up and banged to staff on the floor that was a signal for his henchmen around up the citizens of no is going to begin torturing them for two weeks a thousand people were killed every day the legend says a river is reddish in color because of all the blood that spilled into it moscow needed political power st petersburg its economic significance and later the soviets desecrated its religious symbols for bearing of it just awful that is the biggest tragedy before world war two the soviet authorities melted down most of the enormous bells whose unique peal charm across the city from saints a fierce cathedral rushes oldest church chorus still haunts the just love who dreams passionately that it might one day return. we have all the blueprints if only we had the money we could rebuild them exactly as they were my only dream in

life is so here isn't so here's bells ringing out over the city again. like the whole city just love has to be happy with what he's got and live with hopes of a rebirth of glories. of the sea novgorod. well we're taking a closer look at it over the next couple of days to do stay with r.t. for that we're going to take a short break now and then career joins us with the business. for the feel we've got to. get a voice face to face with the news makers. welcome

to business with me kareen mccann good to have you with us russia central bank says it will allow for a more volatile ruble after widening the trading ban against the u.s. dollar ally euro broaden the range by fifty copecks in each direction it gives the war room to maneuver before the central bank intervenes central banks deputy head says the trade bad was needed as there is no inflation targeting he said the move will reduce the risk of speculative inflows of hotline. however alice say the ruble is responding to trade flows and the central bank's action could have little impact

in the face of these fundamentals and the situation is also still in the bill in the long run despite any technical decisions despite the existence or elimination of the narrow or wide. but central will have to react to fundamentals but not the current situation of the market. but as finance minister says the central bank's decision to widen the ruble khans about does not represent playing into the current see was finance minister was speaking at a russian e.u. plenary session on macroeconomic policy. key. and more flexible exchange rate is not linked to these currency wars or a devaluation rush it means less involved and or less intervention of the central bank so when banks are not intervening that means an objective and flexible exchange rate the currency was rather happened when individual countries and their central bank started interventions on the market leading to an artificial change in

the exchange rate of the national currencies but i think in the case of the introduction of a wider broader band by the central bank of russia this is quite the opposite this is less influence on the exchange rate. and that's what other stories the case of the world for gas to europe took another step forward on wednesday. when he said a government level of greylock early next year that i'm going to call reports from another south stream talking of the latest twists and turns of politics. turkey is one of the youngest the fastest growing as the largest countries in europe latte at the business bridge like position but with asia and europe which makes it and they're really not for rival international interests. the main battle hands for the south are an energy corridor to supply gas to europe bypassing the current transit country ukraine their main pipelines and they're running out of

gas from land south stream project and my blue car backed by the u.s. and e.u. and there are other smaller project turkey is energy minister says the country is ready to talk common it all of them. implementing one project doesn't mean that we can so another one turkey has the capacity to develop each and every project because consumers need it there is demand we should think not only about today when there is a global crisis we should think about two thousand and fifteen two thousand and twenty when demand will increase even then and to me a bit too much. as for europe analysts say some projects will likely be abandoned in the race to build new pipelines russia is trying hard to come first securing gas and customers analysts say we meaning turkey's agreement to live the sound stream through turkish waters came at a cost russia will have to invest have to three billion dollars into some soon all

you pipeline strategically important for turkey big question is what will be the price because now we see that first of all turkey wants russia to invest money to some subject and project the first benefit and the first part of this payment the second thing is the thrust turkey wants to change. more cheap gas from russia in the byzantine world of pipeline politics russia will have to offer something in exchange for the support of all the contras along the pipeline route this week gas from chief alexei miller is visiting both guerin and romance to discuss delivery of russian gas and the future of the south stream pipeline project that you know because of business r.t. stumble. let's look at how the markets are doing world stocks have hit a two year high on thursday and i see i world stock indexes touch point eight

percent the highest level since the twenty second of september two thousand and eight the day after the collapse of lehman brothers and according to analysts emerging markets stocks are so far leading the way here in moscow markets are on the rise this hour they are still making gains led by only kill as their bank and wiser says also move into positive territory after having dipped into the red earlier today gazprom ross have anime to be our drachma. and let's turn to europe where stocks are mixed this hour the forties losing less than a quarter percent while the dax is up. miners are rallying on a higher metals prices real ten to shares climbed to two year high following reports of record or production gains of said by weakness in defense stocks such as back and pharmaceuticals. the operator of this island one project x. a nifty gus has called on russia's government to double its spending on the fields to one hundred billion dollars but the company also wants to delay development of

two oil fields and postpone the second phase of production for the third if approved such holy one will become the most expensive or project country's history . that's your update for now i'll get back with more or less and one alphabet off. wealthy british style. sometimes.

the. markets finance scandal. find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to cause a report on are. almost seventy years of the red machine would show me that people wanted to leave in the past so. he came to make changes the society was in need to. believe. but it wasn't possible to change the country's regime so quickly and with a home. in the polls only fundamental

changes in the state minimum people's minds want to change. forty two thousand americans die each year from car accidents only a thousand. seven hundred out. some people are and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us a year disease is even more devastating kills over eight hundred seventy thousand americans every. every month we give you the future we hope you understand. and want to bring the best in science and technology from across russia and around the world join us for its knowledge update on a. fifth .

this is our team live from moscow where it's three thirty pm headlines russia and venezuela are seeking to reinforce their cooperation as president chavez visits moscow on the first leg of a diplomatic tor as well as one of russia's king latin american partners and the ninth time the leader has paid a visit. with the u.s. midterm election just weeks away it's the women candidates who are spicing up the race but contenders such as republican christine o'donnell are being accused of playing on emotions and set of policies to win over voters. and the u.s. is losing another key supporter in afghanistan as italy announces it's pulling out

by twenty fourteen the decision comes just days after four italian soldiers were killed in a bomb attack. up next max keiser and stacy herbert look at why the u.s. economy is struggling to find a pulse all the cash is pumping for wall street's bloated bonuses. and this is the cause the report markets finance scandals and. herbert stacey talks of mexico is there i brought you back a wonderful gift from new york which is your cold yeah baggs it's really great next time i go to california and i can bring back maybe a hash brownies that takes me to my first headline yeah california.