the other hand you have israel which is a growing political power and 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 an operation in the oil and gas sector which 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 with israel or there's also every so venezuelan bank which is being established in two thousand and eight to during the economic crisis while the world was mulling over what to do russian with 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 part of it with poor 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 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' 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 of varying revolution it was introduced to them by president bush chavez

the idea of participatory democracy happens here r t. this is our team live from moscow we have plenty more stories coming your way this hour a good life and bad times in the midst of unemployment poverty and recession in the u.s. one group seems to be doing pretty well we'll bring you the details of payday on wall street. one supporter thought this was not just the fall of a powerful trading republic but possibly the birthplace of russia's democracy. grosser closer team takes you to one of the most ancient cities in the country for the november. now 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 in the republican party p.r. machine is all it takes to get them noticed and it's going to account now reports that's especially true of one rising star who's been raising some 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 he was dabbling in which some would argue she blurted it out ages ago when 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. are going to hear many say christine uses the same tone. also surf elbow mama grizzly sarah pailin the most effective of which is stalking 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 of people make their 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 monitoring 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 is going to see a lot more anger and also less effectiveness in the congress that is not able to do what it needs 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 they are popular enough to raise issues and affect politics now is the time when many americans are disappointed at washington for not delivering on promises 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. . the former c.e.o. of the oil company yukos ski and his partner will not be handed maximum prison sentences the statement comes from the prosecutors in the case where the tour accused of stealing three hundred fifty million tonnes of oil that's the second set of charges against them or his kids i mean those are of a has been following the hearings. the prosecutor said that despite the fact that that bill ski did not flat out i'd made his guilt did say that the company that made the decision that concerned to specifically those amounts of oil those decisions were all overseen and the final go ahead on those decisions was made by ucas the main a company and of course he as c.e.o. therefore according to the prosecutors bears full responsibility for any decisions

made by yukos itself or its sister companies during this time so they believe that they have all the evidence necessary to prove the guilt of the childhood that both steve and his call the club believes if despite the fact that they have not yet received a flat out confession the case as been gone it was going on for years we felt that he was arrested on charges of money laundering tax evasion and various frauds economic times he was found guilty and imprisoned serving an eight year prison term later in the his in his conviction in his jail time prosecutors filed new charges against the man and those hearings have also been continuing for a while but russian president dmitry medvedev signed a new amendment to the existing criminal code saying not those found guilty of economic crimes should the maximum prison term for those economic crimes should be reduced from fifteen years to ten years so those amendments of course applied to

because of that both he and his colleagues see what may be different we also know that one of the men who was involved in the yukos case the so-called ucas case as it has become known in the press in worldwide. mr alexander on was a released from prison earlier this year due to his a complicated health conditions he's suffering from aids and his condition his health condition was rapidly deteriorating prosecutors ruled that the man needs to be released and the bail that was previously. said for him for exorbitant amount of money a very large amount of money that was also revoked and he was released many of course viewing this as a potential change in the current climate hoping that maybe mikhail khodorkovsky will of course be released but the prosecutors say that everything that has been concerning this case has been done by the book by the law and of course any further crimes that they do believe mr for that mr libby to be guilty of will be brought to

court with evidence and if enough evidence is gathered as they have believed to be the case with this current progress with this current development in the case of a new trial that. another news russia's clinched a deal to host the legendary formula one grand prix for the first time the motor racing event will take place in sochi of course the city going to host a twenty fourteen winter olympics we have one drivers will compete on a challenging circuit and use the brand new infrastructure built for the games. has more. this is the movement that russian formula one fans have been waiting for it took more than three decades to find a suitable venue and to convince the formula one managers that the world's most popular racing competition can be held here many other locations including moscow and st petersburg did not pass the test so no it won't be just skis skates and sled just that will get sochi into the headlines in two thousand and fourteen in

addition the city will be hosting the russian grand prix the contract was signed by the formula one owner bernard ecclestone and trust the governor alexandre several russian companies including bus they'll look oil and megaphone are among the sponsors prime minister vladimir putin met with bernard ecclestone and welcomed the advent of formula one to russian soil the government will also provide support for the project i don't think two hundred million dollars to get the track up and running and the rides to hold the races will cost the city of all fourteen million a year however the organizers say the profits will be much higher sochi won't be just a ski resort in winter and the black sea beach resort in summer but also a popular destination for f one fans and the low season during the all the months so now the context finds russian sports officials have a reason of their own for a scent paint shower well any air vine a former athlete told our team that formula one and russia need each other. well to

be honest russia is it's been trying for a long time to have a formula one race that it's well over jews you know russia is a great country a great economy and formula one really needs to need to be in russia as much as russia needs a former one writes why it's gotten so she i really don't know all that so obviously you know money nor for you is the key factor in why things happen and why they don't harm so i'm sure if it is in this case whenever i go to races there or monaco employees together definitely have a lot of russian fun there so it's maybe a little bit underground in russia at the minute because there's no race but you've got a driver there now and petra. you know a good job intimately if you can raise a game a little bit more and become a permanent fixture for one then you've got a driver there you're going to have a race there and there's no reason why from one company huge in russia russian prime ministers press secretary demeter pisk all thanks the project will be good for the entire country not just the city as such we do appreciate the interest of

the relevant companies to sponsor the project we do appreciate the reactive to well approach of regional authorities of cross and our region i have no doubt that the project will be not important only for for this region but for the whole country in terms of image lots and lots of people will be coming here to sort here they will be seeing how beautiful the c.d.'s they will be seeing how hospitals people of sorts here are a certain a weave it will only bring benefits and not only in terms of image but people will be spending money here both small and midsize business will be paying more taxes so it will bring economic life so i think it's really a very interesting and useful project. now while 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 that amount is equal to the u.s. stimulus package approved by congress in two thousand and eight trying forecaster gerald solenn today says americans are failing to react to the payouts because the finance or fan 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 nama about this take for instance is guy steve schwarzman the c.e.o. of blackstone like worth about six billion dollars he complained 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 whole of 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. that was trying forecaster gerald celente there meanwhile in europe of course the economic outlook also seems bleak in fact riot police afghans have clashed with protesters barricading the city's of crapola this officers used tear gas to clear the demonstrators from the entrance to greece's most famous ancient sites over a hundred culture ministry workers had turned out to demand unpaid wages dating back to two years the police arrived after a court order said the protesters were blocking access to ancient sites and temples . iranian president mahmoud ahmadinejad was 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. will visit villages on the israeli border which analysts say emphasizes iran's support for hezbollah his fight with israel. 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. today we travel to a very nifty 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 hate she emerged artie's a grow grow never looks at its roots. each year they gather in the small city of novgorod to celebrate the past a time when novgorod was the capital of a trading empire that's found from finland today edge of siberia floatation circuit

the risk of i think 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 grab filled the whole of europe with furs and candle 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 military commanders were invited from neighboring states and at the

but the version with which offers a glimpse of what a different russia might have been like instead of terry in a sim they 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 come to the way there's somebody in fifteen seventy not god became the setting for one of the bloodiest chapters in russia's history we were going to go you have. 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 his staff on the floor that was the signal for his henchmen to round 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 a. political power st petersburg its economic significance and later the soviets desecrated its religious symbols for building

a bridges. that is the biggest tragedy before world war two the soviet authorities melted down most of the enormous bells whose unique feel charmed across the city from saints a fierce cathedral oldest church chorus still haunts that just love 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's in so few years bells ring out over the city again. the whole city has to be happy with what he's got and live with hopes of a rebirth of glories. see no girl. crowds in new york have had their eyes to the skies the new no words u.f.o. sighting dozens of videos posted online show passers by seemingly staring at

a group of unidentified flying objects in the sky over manhattan and in mr into the event is a predicts by a retired air defense officer in a recent claim that on october thirteenth the day of the signing of course a fleet of u.f.o.'s what hover over the world's principal cities how many witnesses and. what they were seeing. space ships others say it looks more like a. time now to get down to business kareena joins us corrino what's happening to the ruble and dollar this hour well it is so let's start with the u.s. currency first the dollar continues to slide on thursday after the federal reserve the u.s. central bank hinted it would start another round of concert printing news that the fed is planning to inject more liquidity to support asset prices caused investors to flee to safe havens gold and emerging markets stocks where the main game is.

now does well it turns it comes just a day after russia's central bank said it would allow the ruble to trade more freely against the dollar and the euro it gives the ruble more room to maneuver before the central bank intervenes the central bank's deputy head says the trading ban was needed there's no inflation targeting he said the move will reduce the risk of speculative inflows of money. however analysts say the ruble is responding to trade flows as other central banks action could have little impact in the face of these fundamentals and the situation is also stay in the bill in the long run and despite any technical decisions despite the existence or elimination of when they're all wide chorus of brain but central bank will have to react to fundamentals but not to the current situation of the market. and russia's prime minister has even put in gave his comment on the outlet for the ruble. little to see would you think that the group is in it to meet position and i don't expect any

weakness of the national currency nor excessive strengthening which could also be. looking at the markets now here in moscow both the r.t.s. and mines explain ishtar's day's trading session in the red all the blue chips were down on the rise as a new call and spare bank but ended in positive territory a different picture on the r.t.s. gasper going well staffed well the only ones finishing one and a half percent and happy percent or lower. oil exporters cartel opec will hold steady after meeting on thursday while ministers said that they were not worried that a weak dollar would drive up the oil price too high for a fragile economy to bad. america online and several private equity firms us up and offered to buy yahoo any internet company a.o.l. is considering merging with the world's second largest search engine and attempt to regain its foothold in the industry however. two point six billion dollar worth is

significantly smaller than yahoo's mere twenty one billion market share from yahoo c.e.o. jerry well rejected an offer from microsoft in two thousand and eight worth over forty four billion dollars food prices continue to rise corn has seen its biggest one day rise in three decades leading experts to worry that this year's volatile food prices could lead to widespread shortages reports. u.s. corn prices rose by eight point five percent one day last week the largest jump since nine hundred seventy three at left prices fifteen percent higher in just two days wheat and other basic i recall two products have also threatened a global food crisis like that of two thousand and seven and two thousand and eight sparked by droughts rising fuel prices and subsidies for biofuels the falling dollar has led to speculation in the commodities markets pushing up prices and increasing volatility this latest food crisis was caused by crop failures in canada

parts of europe and russia where draw devastated the wheat crop by the end of some of the russian government banned grain acts both of which contribution to a massive jump in the world with prices it was sad the ban might be lifted after the release of this year's harvest data but the first complete figures were as bad as feared sixty point nine million tons of grain was harvested less than in the same period last year problem we believe that barely experts will be brought to the next season. to visit i think the international community should go into a little green or from the start of next season in global terms the collapse in russia's wheat harvest is the main story but for farmers and consumers a far broader range of crops was hit from potatoes to buckwheat which has destabilized the retail sector if governments respond with controls and food acts

ports while currency devaluations put up prices at google shortish of stable products to crisis mode you know which not business r.t. . the operator of the second one or project x. are left to go us has called the russian government to double its spending on the fields two hundred billion dollars a company also wants to delay development that two oil fields. and phase of production for the third if approved second one will become the most expensive oil project in the country's history. and south korea's loto group will open a cinema chain in russia's far east it plans to open six cinemas in three russian cities by two thousand and thirteen if the chain proves successful a lot of it will consider expanding into moscow and st petersburg total investment could reach thirty million dollars. and that's all the business used for nobody could always find most dollars on our website at www dot com.

wealthy british scientists are some time to. find.

markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. in the czech republic and he's available in a hotel a science central hotel prim avira a nice and most regal full stop aida which i am a taste in bosnia and herzegovina available in hutto bosnia and the children of each. but you know to put you know hotel period to make hotels you're good enough kildare a boutique hotel tons. in serbia multis available in clinton hyatt regency they

are going to. this is our to you live from moscow i'm nice now with the headlines will go chavez kicks off a diplomatic tour in moscow as russia and venezuela seek to pull together and shake up the balance of world power. pandora's box opened women in u.s. politics are accused of playing dirty swing voters with emotional tactics where they lack professionalism. and 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 america is breeding its own financial records again with soaring unemployment and national

debt now calm on precedented bonus payouts for the country's top bankers. up next max kaiser and stacey herbert look at why the u.s. economy is struggling to find a polls while the cash is pumping for wall street's bloated bonuses. for the we've got it from. the biggest issues get a human voice face to face with the news makers.