course a lot of a lot of politicians in the west in the united states and in europe are paying very close attention to what russia has to say and what russia is doing on the other hand you have israel of which is a growing political power and emerging power in the western hemisphere and of course that is the fact that cannot leave the united states in particular the reverend because there are rapidly losing influence in that region while but israel is gaining that their influence of 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 operation in the oil and gas sector with the bilateral venture is set up just earlier this year is also a couple ration in the nuclear field with russia building at first nuclear plants in israel and there's also every so venezuelan bay which is being established in two thousand and eight to during the economic crisis while the world was mulling over what to do russian when israel 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 will go chavez has conducted several of us social reforms which have given more power to the poor a part of the poorest segments of the population so they don't only get to vote the actually get a chance to make a difference in their own community and in the political life of the country and here is a report outlining the details of these reforms. welcome to democracy one o one venice 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 at times as president chavez the idea that social reformers prioritize the country's majority poor activated participant. or 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 caravan and mega 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. we have plenty more stories coming your way this hour including russia's formula for success hosting the twenty fourteen winter olympics simply isn't enough for the black sea resort of sochi now it's racing ahead to welcome some premier motor sport . also a good life in bad times in the midst of unemployment poverty and recession in the u.s. one group seems to be doing pretty well we'll be bringing you the details of payday on wall street. but first it's difficult to make it to the top in u.s. politics especially if you're a woman and it seems some female politicians are making headlines not for their

strong credentials but for their motor fear campaigns critics say a pretty face on the republican party p.r. machine is all it takes to get them noticed there's a guy next to can reports that's especially true of one rising star who's been 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 obstinance 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 and there was a time the chaste woman even said she would try the dark arts i was never given 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 here and she 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 frontrunner 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 if we're going to see a lot more anger and also less effectiveness in the congress that it is not able to do what it used 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 face 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 some western media seem to jump at any chance to invent sinister ploys and attribute them to russia that's the response of the prime minister's office to claims in britain's times newspaper column has warned moscow not to try to regain control of the post soviet territories and his words every russian bobbish go or granny knows the creation of a new empire is time consuming and expensive well press secretary dimitri peskov says the article misinterpreted the region's cooperative atmosphere due to cold war mentality when we witness integration process in europe it's normal it's a way ahead to the future when we witness into an integration approach this is in

northern america it's also normal its way to the future but when the same thing happens on the territory of exposure to union it's nothing else but an attempt of 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. when russians clinched the deal to host the legendary formula one grand prix for the first time the motor racing event will take place in sochi the city of course is hosting the twenty fourteen winter olympics the f one drivers will compete on a challenging circuit and use the brand new infrastructure built for the games and he's polaski has more details. it might not only be the ski 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 race cars 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 and since the beginning of the decade more school in st petersburg have been trying to secure pole position but rose in recession through a few obstacles in the way now with the green light for this project in sochi it's not only formula one that will attract thousands of fans organizers say the infrastructure and track could be used to host other motor sport events. oh talk more about russia hosting the grand prix we're now joined on the line by former formula one driver eddie irvine thanks for joining us mr irvine now the circuit will be built in a mountainous location of course there as a former driver what do you say about competing in such conditions when the trucks go up a lot of. elevation changes it makes for a great great race you know what the great services that we have today. are

or circular made in many areas and actually do through up the best races and the most challenging truck drivers. now it's not the first time there's been talk of building a formula one race circuit in russia what do you think was different this time it looks like it's really going to happen. well to be honest russia is it's been trying for a long time to have a formula one race and it's well overdue you know russia is a great country a great economy and a formula one really needs to needs to be in russia as much as russia needs a probable race why it's not i really don't know it's obviously it's you know money your family is the key factor in why things happen and why they don't harm so i'm sure it's it is in this case that a contract is sealed for an initial period of about six years what do you think are the prospects for after one in russia after that you think it will become a popular sport here i think it already is to certain extent you know that whenever

i go to races there or in monaco i'm pleased to go there definitely is a lot of russian from there so there is maybe a little bit. around the rest of the middle because there's a race that you've got a driver there now and petra he's done a good job intermittently if you can raise his game a little bit more and become a permanent fixture for the woman he put a driver there are you going to have a race there there's a reason why from one company huge in russia will be watching closely to see how it all plays out from now on the line thanks for your time eddie irvine former f one driver. there are millions of americans are unemployed and the national debt is soaring it seems top financial executives are far from feeling the pinch a recent wall street journal survey estimates they'll receive a staggering one hundred forty four billion dollars in compensation and benefits this year this amount is equal to the u.s. stimulus package approved by congress in two thousand and eight but trying forecaster gerald celente says americans are failing to react to the payouts

because the financer spend base in the mainstream media is distracting public opinion. you have a complete disconnect here going on between these white shoe boys with their one hundred forty four billion dollars and the rest of the country and that's why the people are with their kind of naam about this when you break this number down with two of about one hundred forty four billion dollars that would rank number forty nine in the g.d.p. we are of the world's conch reserve one hundred and ninety four. take for instance is guy steve schwarzman the c.e.o. of blackstone i think he's like worth about six billion dollars he complain that because of changes in tax rules he would have to pay more

money quote he said it was the equivalent of the nazis invading. the media let him get away with it they should have been stringing him up they should be ripping them apart to the equivalent of a holocaust denier but because he's a senior member of the white shoe club boys they make it really easy so it's the mainstream media that keeps sucking up to these to these greedy pig. that tempers the people down from taking to the streets rather than chastising them date as wink and smile and say next in the news we're saving those people in chile. but there from finance forecaster gerald celente now wall street one conjures up bonuses max kaiser and stacey harbor look at whether it really is some kind of magic that's needed to save the u.s.

economy you can tune in and watch the current report in three hours time but here's a sneak preview. greenspan says u.s. creating scary deficit as borrowing rises borrowing just bit like he acts like it is the public doing its these bankers his cronies his friends yeah . it's the ideology of a psychopath and we need witches and government to break the spell of the economics is exactly right christine o'donnell should play up that she's a witch and not try to distance herself that she's away from her witchcraft past. let's take a look at some other stories in europe the economic outlook all also seems to believe their rival east and athens have clashed with protesters barricading to cities across the u.s. officers used tear gas to clear the demonstrators from the entrance to greece's

most famous ancient site over one hundred culture ministry workers had turned out to demand unpaid wages dating back two years the police arrived after a court order said the protesters were blocking access to the ancient sites and temple. they radium president mahmoud ahmadinejad has met with lebanese politicians on the second day of his visit to the country it comes amid mounting western concerns of arms deals and political collaboration between iran and the militant group hezbollah mahmoud ahmadinejad will visit villages on the israeli border which analysts say emphasize iran support for hezbollah's fight with israel . now is 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.

today we travel to vinick novgorod which is about five hundred kilometers northwest of moscow founded over a thousand years ago it's one of the country's oldest cities it's also the cradle of russian democracy where its first parliamentary style body they're here chair emerged our team looks at it its roots. the city of no good as the place of major historical interest in medieval times it was a european wide trading center and also a freedom loving republican like almost anywhere else in russia so it's not surprising that the city authorities are trying to capitalize on its history right now they've got to toss which they face having to attract more people and also the people they do attract making them stay longer and spend more money now talking about the reasons for it people might want to come to no good there is no view of its history. each year 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 spans from finland today edge of siberia. you know

we are the army of the ruler of novgorod from the height of its prosperity many people have forgotten but we are keeping the memory alive. russia's 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 filled the whole of europe with 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 a city how did so unsolved government and military commanders were invited from neighboring states at the but there was. no grown up was

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 good was the reply here 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 bang to stuff on the floor that was a signal for his henchmen around up the citizens of north 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 riches the awful hans ski

that is the biggest tragedy before world war two the soviet authorities melted down most of the enormous bells whose unique peel charm across the city from saints a fierce cathedral russia's 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 citizen so here's bells ringing out over the city again. like the whole city just laugh has to be happy with what he's got and live with hopes of a rebirth of past glories. i'm now joined by simon richmond who's the coordinate. author of lonely planet gods for the whole of russia and so you've been here please tell me what your impressions are of the city does it have anything to offer i has a lot to offer tourists behind this is the kremlin which is

a very old structure it dates back to way back to almost the beginning of russia and inside you can see how wonderful church full of old francisco the monuments there was built to the malone millennium of russia as well this great sort of sort of metal structure in the center beyond on the other side of the river as jaroslav courts like a collection of old churches and buildings which is very picturesque. and the whole of the city as you can see is pretty green and park like and dotted with lots of cute little churches so i think tourists would really love it here the added special thing about not grove is that they're very tourist friendly which is quite unusual for a russian city russian town they have a fantastic tourist office where they're very happy to help tourists price retells areas is not that expensive and if you are on

a budget the tourist office will help you find a room in someone's home. and that's a great experience for foreigners to have so i think this can be an affordable place for people to visit and it's midway between moscow and some pizza spigot offers a completely different atmosphere i think it is a good place to visit ok thank you very much we've been speaking to simon richmond who's the call donating all thought of lonely planet guides here for the whole of russia. he got a groan of there and will be taking a closer look at it over the next couple of days to stay with r.t. for that now it's time to get down to business in the county joins us hi there green i learned and we hear russia could face a federal budget deficit of its g.d.p. this year what kind of figures are we looking out it's not big actually all i can say is that the finance ministry thinks it will be not less than five percent although there are other figures as well but before we get to that let's look at the ruble now russia's central bank says it will allow for more volatile ruble have to widen the trading about against the u.s.

dollar and the euro it's broadened the range by fifty copecks in each direction now it gives the ruble more the room to maneuver before the central bank intervenes the central bank's deputy head says the trading value was needed as there is no inflation targeting he said the move over to use the risk of speculative inflows of hot money. however analysts say the wool is responding to trade flows and the central bank's action could have little impact on the face of these fundamentals and the situation is also stay in the bill in the long run despite any technical decisions despite the existence or elimination of the narrow wide chorus of brain but central bank will have to react to fundamentals but more to the core institutional the market. russia's finance minister says the central bank's decision to widen the ruble currency basket does not represent playing into the currency wars quote the finance minister was speaking at a russian e.u.

plenary session on micro-economic policy. flexible exchange rate is not to these currency wars or a devaluation rush it means listen listen to the central bank so when banks are not intervening that means an objective and flexible exchange rate the currency was rather happened with individual countries and the central banks 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 broadband by the central bank of russia this is quite the opposite this is less influence on the exchange rate. but you could face a federal budget deficit of four point two five percent of g.d.p. this year says deputy economic development minister clip arch russia's central bank has an even more optimistic forecast for this year expecting deficit to be three and a half percent. the finance ministry says it will be not less than five percent on

official forecast at five point four percent. now let's turn to the equity markets wall stocks have hit a two year high stake the m.s.c.i. world stock index this point eight percent that's 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 still making gains led by no neko and spare bank allies x. has also moved into positive territory after having dip into the red early in the day. to be are in track. and stocks are mixed in new york this hour the still in the red while the dax is off half a percent miners are rallying on the higher metals prices rio tinto shares climbed to a two year high following reports of record iron ore production but the gains are offset

by weakness in defensive stocks such as tobacco and pharmaceuticals. the all exporters cartel opec will hold ample steady out meeting on thursday or minister said they were not worried that a weak dollar would drive up the oil price too high for fragile economy to bear. and the key southern route for gas to europe took another step forward on wednesday gazprom c.e.o. traveled to romania where he said a government level agreement could be signed early next year already on board the south stream project serbia hungry greece slovenia croatia and austria miller also announced that the two parties have agreed to proceed to the next stage of possible cooperation with the glorious we came to agreement with a group of oil experts who come to remain here and carry a preparatory work to understand whether we have mutual interests in this sphere after that the experience will make a report at a corporate level and if we can cooperate we'll discuss it at top management level

we see the potential for cooperation in this sphere and we do have interest in it. the operator of a sudden one or project x. enough to 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 that to oil fields and postpone the second phase of production for the third if approved sudden one will become the most expensive or project in the country's history. and south korea's lot a group will open a cinema chain in russia's far east it funds to open six in m us if we russian cities by the year two thousand and thirteen if the chain proves successful a lot it will consider expanding into moscow and st petersburg total investment could reach thirty million dollars. that's all the business news i have for you this hour but you can always following

a five most stories on our website com slash business or join me in less than what i'll feel more. and discover abusing. the kid with the wind. and become.

the. it's four thirty pm in moscow a look now at our headlines here in our team today we'll go chavez kicks off a diplomatic tauren mom scours russian venezuela seeks to pull together and shake up the balance of world power. pandora's box opened women in the you asked them politics rather are accused of playing dirty swing voters with emotional tactics where they lack professionalism. and the grand prix is coming to russia the formula one event will be held in the black sea resort of sochi that's after the city hosts the twenty fourteen winter olympics. also america is beating its own financial records again with soaring unemployment and national debt now

come unprecedented bonus payouts for the country's top bankers. british society and what some see as its disappearing civil liberties come under scrutiny next right here on r.t. . i'm talking to dominic robb who's a conservative m.p. who claims that successive new labor governments made what he calls an unprecedented just sold british liberty dominic rob thank you very much for talking to r.t. now you've written a book called assault on liberty what do you mean by that well i think if you look at the individual measures we see whether there are proposals to extend pre-charge detention control orders identity cards some very intrusive surveillance powers used not just for serious stuff like counterterrorism so that most people would understand but things like surveillance of beans falling.