use of it is one thing that has been in talks since two thousand and nine the person had been signed the bank has not been established yet but that is something to the forward to the bank is the idea of the bank as a matter of fact it was created as a way to fight the world's economic crisis and of course there's also the issue of nuclear power as russia is going to build a nuclear power plant was well that so please two things to be discussed but that is going to come in the seconds on the second day of the day if it is a president's visit to moscow what she did today was she attended a conference indicated to two hundred years of independence of that the america and she read a lecture there and in the lecture sheet actually joke about being five hours late to his arrival in moscow let's have a listen to what it is a president had to say on that matter. one all. and some people think i'm unable to speak in public for less than five hours i'm going to prove them wrong here. and of course the result president also

talked more about cooperation between him and russia he did mention the fact that the west seems to be very concerned with roussel of becoming a nuclear power but he said that the only nuclear energy they're interested in is interested in is nuclear energy that is going to be used in peaceful matters i see you also talked at length about the soviet union and the legacy that the soviet union left in the world she praised the country that no longer exists and she issued a number of regrets on the fact that it has fallen apart and of course it being his own president bush others he did talk about the united states as well and in no uncertain terms that let's have a listen to what he had to say about the full of all those who don't know you must have heard a mexican leader say poor mexico so far from god and so close to the united states that all of us latin americans could say the exact same thing are poor america so far from god and so close to the downed empire the yankee empire that has hurt our

confidence so badly. so that's the gist of the first to the day of david as a president said a visit to the russian capital she is going to have dinner with the russian president which means that it's tonight and then afterwards it's going to be a night of rest and a full day of intense tomorrow ten foot to what benefits of the old rebel as well as back you know going to sing from the country's international cooperation. love venezuela has been considered as sort of the socialist state with a slant towards communism by a lot of countries in the west of course one of the things that it's been as a president mentioned during his lecture today is that it's time to get away from the bipolar world or from the what single call the world and the ship that russian men still are some of the coming up. starting up to full political establishment in the world and of course you have to remember this is a president of the country who has made several very important social changes in

the country allowing the people in the u.s. to fortunate areas to put dissipates more actively in the political life of the country and my colleague john hopkins has more on that. welcome to democracy one o one the nest while 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 to the east and the wealthy neighborhoods it's called communism but in the slums it has a very different meaning in las vegas or the community leader is in president

chavez it's friday 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 in 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 john hafez r t could arcus venezuela. plenty more coming up this half hour of news for you here at r.t.

good life in bad times in the midst of unemployment poverty and recession in the u.s. one group seems to do pretty well we bring you the details of pay day on wall street and. once upon a time this was not just the heart of a powerful trading republic but possibly the birthplace of russia's democracy russia closer to one of the most ancient cities in the country. it's difficult to make it to the top in u.s. politics express specially if you're a woman and it seems some female politicians are making headlines not for the strong credentials but for the remote to fear campaigns critics say a pretty face in the republican party p.r. machine is all it takes to get you noticed and is going to teach you can reports no variety 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 the abstinence the sad reality to tell going to slag off and. yeah yeah i'm a young woman in my thirties and i remain chaste right and there was a time that chased woman even said she would try the dark arts to ever again 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'm going to hear many say christine uses the same tools as her fellow mama grizzly sarah pailin the most effective of which is stalking 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 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 women 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 if. we're going to see a lot more anger and also less effectiveness of a congress that is not able to do what he's got 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 they're 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 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 here laughing matter in the political arena but there is the big question who will cast the last laugh come november. second r.t. washington d.c. . prosecutors in the case of mccall caught a cold say they will not push for

a maximum prison sentence the former c.e.o. of the oil company you cos and his partner are accused of stealing three hundred fifty million tonnes of oil this is the second set of charges against the jailed tycoon he's cutting is out of has been following the hearings. the prosecutor said that despite the fact that that bill ski did not flat out but made his guilt i did say that the company that made the decision yet 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 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 file that both steve and his colleagues look believe as if despite the fact that they have not yet received a flat out confession for the case as been gone in the going on for years we felt

that he was arrested on charges of money laundering tax evasion and various frauds economic crimes and 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 the russian president dmitry medvedev signed a new amendment to the existing criminal code saying those found guilty of economic crimes should die in the maximum prison term for those economic crimes should be reduced from fifteen years to ten years so it's those amendments of course applied to because of that both steve and his colleagues. may be different we also know that one of the men who was involved in the yukos case the so-called lucas case as it has become known in the press and worldwide. mr erlich sanjana 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 from prosecutors ruled that the man needs to be released and the bail that was previously. said for him for it in the store but i'm out 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 pales the difficulty 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 for that. correspondent catherine azhar of a reporting from moscow. russia has 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 hosting the twenty forty winter olympics of course you have four drivers will compete on a challenging circuit and use the brand new infrastructure built for the games that has been. 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 manager of 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 keys gates 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 their 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 it will take two hundred million dollars to get the track up and running and the rights to hold the races will cost the city about fourteen million a year however the organizers say the profits will be much higher so she 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 contract signed russian sports officials have a reason of their own for same pain shower. blows to reporting from sochi and you have an f one driver he told us about say the 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 overdue you know russia is a great country a great economy and one formula one really needs to needs to be in russia as much as russia needs a former one race why it's gotten so she i really don't know all that so obviously

it's you know money nor only is the key factor in why things happen and why they don't happen so i'm sure it's it isn't this case whenever i go to races there or in monaco employees the government definitely is a lot of russian foreign affairs so there is maybe a little bit underground in russia at the minute because there is no race but you've got a driver there now and petra has done a good job intermittently if you can raise a game a little bit more and become a permanent fixture for one and 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 and thoughts to on the story from the russian prime minister's press secretary to me to post scoff we think the project will be good for the entire country not just for the city of sochi we do appreciate the interest of the relevant companies to sponsor the project we do appreciate the reactive 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 this city is they will be seeing how hospitals people of sorts here are a certain 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 law so i think it's really very interesting and useful project. well millions of americans are unemployed i'm a national debt to soaring it seems top financial executives far from feeling the pinch a recent wall street journal survey estimates that will receive a staggering one hundred forty four billion dollars in compensation and benefits this year the amount seeking facts the u.s. stimulus package approved by congress in two thousand and eight trying for cars to gerald celente says americans of failing to flee to the pages because the finance is fanbase in the mainstream media is distracting public opinion. a complete

disconnect here going on between these white shoe boys with their one hundred forty four billion dollars and the rest of the contrary 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 these 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 poll in 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 dreadful coast to general celebrities spring to. the sex of tom no to show you more of what

the world's largest countries got to offer as we look at russia close up. and today as you were traveling to go right into 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 incidentally the cradle of russian democracy where it's first parliamentary style body the. native looks of it troops the city of love 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 the city authorities are trying to capitalize on its history right now they've got to tell us 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 why people might want to come to know god there is no view of its history 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 many people have forgotten that 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 heart 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 and so of government military commanders were invited from neighboring states and that the. offers a glimpse of what a different russia might have been like instead of terry in a simple 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 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 going to. win 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 distaff 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 number of political power st petersburg its economic significance and later the soviets desecrated its religious symbols for bearing of it as 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 so hears and 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. here or there see. a few minutes tonight worries of a roading civil rights of britain are explored in our two special interview got the business before now this thursday kareen is here. hello and welcome to business with me kareena malakand good to have you with us the dollar continues to slide on thursday after the federal reserve the u.s. central bank hinted it would start another round of currency printing news that the fed is planning to inject more liquidity is to support asset prices caused investors to flee to safety havens called an emerging market stocks were the main game is. the dollar's volatility 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 as there is 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 and the central bank's action could have little impact in the face of these fundamentals. as the situation was also stay in the book you know. despite any technical decisions despite the existence or elimination of the narrow wide brain but. we'll have to react to fundamentals but the constitutional board. and russia's prime minister going to put in gave his comments on the outlook for the ruble. to the list if you were to look forward i think that you can see the room is in it to meet position and i don't expect any weakness of the national currency excessive strengthening which could also be harmful. let's look at the markets now here in moscow both the r.t.s. and my six going to stars they straight in session in the red all the blue chips

were down on the rise except for look oil and spare back at and falls out of territory a different picture on the all ts gazprom that it will stand for the only ones finishing one and a half percent and a half percent below what. the oil export is cartel opec will hold steady after a meeting on thursday or the ministers said that they were not worried that a weak dollar would drive up the oil price too high for a fragile economy to bear. america online and several private equity firms are sizing up an offer to buy yahoo an 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 dollars worth is significantly smaller and yahoo is near twenty one billion market share former yahoo see jerry way 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 day cade's leading experts to worry that the years while it's all food prices could lead to widespread shortages i get a question i has more. u.s. corn prices rose by eight point five percent one day last week the largest jump since nine hundred seventy three it left prices fifteen percent higher in just two days wheat and other basic go 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 market pushing up prices and increasing volatility this latest food crisis was caused by crop trailers 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 tonnes of grain was harvested last then in the same period last year and we believe that barely experts will be used to the next. move to visit i think the international community should go into a little green old from the start of next season in global terms the collapse of russia's weed harvest is the main story but for farmers and consumers far broader range of crops was hit from potatoes to buckwheat which has destabilized the retail sector if governments respond with controls and food x. ports while currency devaluations push up prices google shortish of staple products could lead to crisis mode you know which not business r.t. . the operator of the subtly wall or project x.

are left to gas has called on russia's government to double its spending on the fields to a hundred billion dollars but the company also wants the delay developed to oil fields in the second phase of production for the third if approved so i mean what we call the most expensive or project in the country's history. as out korea's loss of global open a cinema chain in russia's far east it plans to open six and three russian cities by two thousand and thirteen if the chain proves successful a lot it will consider expanding into moscow and st petersburg tell the best one could reach thirty million dollars. it's all for me and the business team here but you can always find more stories if you log on to our website that's our com slash that's.

seventy years of the red machine would show me that people wanted to. make changes. but was it possible. politically. on the close of the fundamental changes in the state people's minds.

small to mosco. diplomatic to it here in moscow. russia venezuela seem to pull together and shake up the balance of world power. box open women in u.s. politics are accused of playing dirty swaying voters of emotional tactics with 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 of all comes from premier motors. also america's financial records again with soaring unemployment and national debt now president. of the country's top bank.

produces what some say is disappearing civil liberties come under scrutiny next on this channel it's 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 salt. 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 bins following children home from school . things like that i think we.