the oil company he's invested in reportedly hitting bingo underground still talking about the largest amount of oil ever to be discovered in the state of israel there's a joke in israel that when moses led the jews out of egypt he took a wrong turn on his way to the promised land bringing them to the one spot in the middle east that has no oil but that punchline might need to change because it seems that moses might not have been so wrong after all in two thousand and nine israel announced the discovery of a first major natural gas field off its coast but the most recent reports from the giant live ethan natural gas site off the coast of haifa point to a potential for billion barrels of black gold we will be able to future. energy. it will be less expensive which is how important. from a political. appointee we were we should be less dependent on. but

it's not only israel laine came to the reserves greek cyprus and lebanon also say the oil spill is and while international no allows a country to drill in the so-called continental shelf off its coast the fact that israel and lebanon have never agreed on maritime boundaries makes it unclear when israel ends and lebanon begins i know the club about how its version of think the border line will pass if and when they will have a negotiated i don't know that is what has its own version or the land but what they're not in the agreement where that line and because the two countries are enemy states there's unlikely to be any agreement anytime soon both have threatened to go to war over the issue obviously this is an israeli company. as an israeli company and. will not be allowed to enter into lebanese territory or will have any proper connection with ration of lebanese

gas lebanon filed a complaint with the united nations after israel placed floating markers extending two miles into the sea and weighing in on the conflict hizbollah was the major political actor in lebanon. and his strongest supporter from the syrian you around. and it would seem if we take statements and public position seriously which we are to their interest in form and. creating tension israel has the upper hand for now it's already struck a deal with cyprus and is preparing to start extraction while lebanon still needs to sort out the boundaries of its economic zone with cyprus and syria and it will be years before it has the evidence it needs to show that israel's fields extend into lebanese territory police fear r t television. capitol hill insiders in the us are using and abusing their positions to make some extra pocket money according to

the wall street journal many are taking advantage of their knowledge of markets they often have their wrecked influence over and as our team is going at she can found out it's not even illegal. the annual salary of members of the united states congress one hundred seventy four thousand dollars the profit they can make by trading on inside information priceless. a number of u.s. lawmakers and dozens of congress staffers have reportedly traded thousands of dollars worth of stocks of companies they or their crosses wrote last for under the u.s. law there is no conflict of interest here they're just plain cheating and it's not fair what they're doing currently all u.s. lawmakers and their highest paid staffers have to do is to disclose information once a year on their finances by the analysis of the wall street journal u.s. public servants have been phenomenally successful trading stock at the peak of the

wall street crisis senator spencer backus made tens of thousands of dollars betting against the markets and he's the media helps oversee he's the ranking member on the house committee on financial services. chris miller a top energy policy advisor to the senate majority leader harry reid nearly doubled his bet when his boss helped pass legislation that wound up benefiting the fur after his staff or his name was mentioned in a list of capitol hill stock traders mr reid reprimanded his aide. pocono spoke with chris meloni. my attempts to talk to some of those involved were time consuming and unsuccessful. we talk a lot about exporting democracy one of the bedrocks of a successful democracy i believe is freedom from corruption the sense that elected

officials are elected to serve the public not to and hence their own wallets or that of their friends or cronies or family congressman brian baird offered a bill that would ban insider trading on capitol hill years ago but the act received the support of only nine out of four hundred thirty five members in the house of representatives and none in the senate and in this case you've got. the possibility of making great amounts of money in ways that are illegal and ways that are hard to detect congressman baird says annual disclosure reports are not enough to my knowledge there is no human being employed by the congress of the united states who has looked at our finance reports with a with an eye towards possible conflict of interest now there is no initiative to change the rules what for the rest of america is perfectly legal for the country's lawmakers why would they want to change it as it is now

a public servant stock market activities are hard to track there are no investigators here on the hill doing that and some believe those senators and staffers who have recently been in the spotlight are just the tip of the iceberg vanished like an art washington d.c. and brisbane from michigan state university's college of law says the us has made corruption legal there's more on this in cross stock worthy guest aside there's only one way to beat corruption democratically through elections. congress has had its hands completely into this financial crisis in the late ninety's. there is no doubt they're not going to go or the only thing you can do to a congressman or a senator is not elect him i mean. we're marveling at the fact that there's almost one hundred seats available that my contested well i recall that there are

four hundred thirty five seats up every year what what is it what do we call it when three hundred thirty five of the guys are in serious contests we don't call it corruption but in this country there's no doubt that we have legalized what in other countries we call corruption. the institutions are set up to accommodate the congressman and the congress and make the rules. and you can watch the full version of cross talk show next hour here on our t.v. and russia has the highest rate of juvenile crime in europe that's according to a world health organization report which says it could be prevented by offering more activity is to keep children busy other experts blame parents for not paying enough attention to their kids as r.t. is there a push called in our reports. to please show us on the dole where exactly you stabbed him with the knife it was here how many times. i don't remember roughly seven or ten times. in this reconstruction the suspects showing police just

what happened when his gang carried out a brutal murder the main perpetrator would soon join his peers in one of russia's sixty two young offenders institutions i live close enough has already served more than half of his sentence for committing a racial murder he was a fifteen year old skinhead when both him and his friends attacked a foreign looking youth i saw the guy's noice lying next to him i suddenly thought he must have been using this knife to kill russianness ago i stepped into ice event posted to my three friends each night him stabbings account for almost half of the homicides carried out by youngsters in the european and central asian region according to a report by the world health organization and it puts russia with the highest rate of violence among the surveyed age group from ten to twenty nine. a change in psychology around didn't even moral values all this contributes to an extremely

high crime rate went up by the activities of religious sex and i'm sorry to say this by all media including television which stories full of blood in russia around five thousand seven hundred miners are currently serving prison terms the majority are either from a one parent family or an orphanage and one man who's seen it all the head of a juvenile correctional facility knows the prime reason love and a lack of. we grownups parents often too busy earning a living maybe we should simply love our children we remember our kids when they're already behind bars and that is the last place they should be experts say about eighty percent of syria's juvenile crimes take place in the evening or night when children in theory are supposed to be looked after by their parents however in reality many children often end up on the streets searching for their own entertainment. and that's primarily alcohol which is fueling so much of today's

youth crime nevertheless the situation among minors is actually slowly improving incision the i'm dealing with the underage crowd and in the past five years i have seen a considerable decline of juvenile crimes however grim statistics among those who are of age to exploit so while many of these young boys hope they will be able to survive crime free in the future it may be down to those on the other side of the barbed wire to ensure they don't become another those generation dari pushed over r t moscow. and membership is not the only or best way to regulate relations between european states and that's the view of dr li rotheram from the britain's taxpayers alliance pressure group the thanks that for some countries membership costs more than it's worth watch the four hundred twenty minutes time but here's a preview. the cost of the regulations and red tape in this is based on the

commission's own officials their commitment commission's own statistics the cost of the regulations is for the in terms of the u.k. is greater than the actual value of the trade that is meant to regulate that's one perspective the second thing is if you just look at the not the the cost of the regulations but the simple physical cost and the membership fees that is the equivalent of forming a train a longer pier and dumping a block of gold off the end of it every one hundred seconds. it's a golden goose every hundred seconds just cast into the watery depths. and the remaining u.s. troops in iraq are there to train local police to provide security in the troubled nation and in kurdish controlled care cook the result appears to be less violence and more stability but the non kurds living in the city fear once u.s. troops are gone the ethnic mix will lead to bloodshed. a dawn raid

a race against time to catch militants off guard in the iraqi province of kirkuk where in the summer of duck cook and the police have just a few minutes to get into position before sunrise. daybreak's in the raid begins police under the supervision of the u.s. army go door to door searching rooms and checking residents against lists of unknown terrorists. police dominated heavily by kurds have been remarkably successful recently they have cut terror attacks by over fifty percent in the past few months these guys are very good they are very good and they're very good at intelligence and develop they are gathering intelligence and developing intelligence and the other subversion from place of course not worried about it but others mainly the cities non kurds are here in downtown they're going to fight with her charity target where are you with your own historic claim of the city kirkuk is a unique city in iraq a true melting pot of all the different ethnicities in the country but this mixture

continues to lead to extremely volatile ethnic tensions a two thousand and nine field report that was recently leaked by the whistleblower wiki leaks states that without strong and fair influence likely from a third party these tensions may quickly turn to violence after the u.s. forces withdraw in this in terms of security when the u.s. leaves it will be no independent security force right now the security is from the kurdish side of the city this is the truth when the u.s. leaves things will get worse it will be conflict arabs will stand up and prayed and we should stand with the man and this will buy loads of god for a bit but wars will begin between. us and we are not an example of this violence wasn't long in coming no more than five minutes after we finished the interview a roadside bomb targeting the police detonated in the center of the city. luckily for the police the terrorist nest it appears that despite the gains that the police

are making. the american troop withdrawal could easily lead to a return to sectarianism in kirkuk for kurds arabs and turkoman alike the consequences of the u.s. led war have left the future of kirkuk very much uncertain sebastian mire kirkuk for our two. campaign carol turned earth has a rockies will be forced to deal with a new post war reality very quickly if the us left the kurdish regions in the north always regarded all the governments the regional governments the always regarded themselves as having an interest in allying with the united states they thought that was the best chance to pursue their own particular interests. and interests in helping the us present because it doesn't want to see itself in conflict with other parts of iraq . it's looking to the united states to defend it is this

a positive thing will that be the case in the future and i would say it's very unlikely i don't think it's particularly positive i think the presence of the united states anywhere in iraq is preventing the citizens of that country coming to terms with the problems they face and dealing with it in a way that's appropriate to them in the society. i don't think in that sense i don't think america in the north of iraq is a positive thing and saying iraq where saddam hussein's former deputy tariq aziz has been sentenced to death a decision has been criticized as a bid to distract attention from the latest we can leaks revelations showing the iraqi government's alleged involvement in torture among the critics of the verdict is british m.p. jeremy. the reason they're doing it. correctly is to divert attention away from the wiki leaks issue because wiki leaks of exposed the torture that is going on

systematically and i think the death sentence pronounced from tara to the user is to divert attention but i see absolutely no point in this form of victor's justice being carried out it will be nothing to reconcile people in iraq i think what we need is a real investigation of the behavior of the occupying forces and the iraqi army and its forces ever since the invasion of two thousand and three counsel a death penalty a brand of the whole idea of the death and instead look at least use of human rights and justice and look at the behavior of forces ever since the invasion took place i do not see the value in executing terakhir sees any more than executing anybody else it will not bring the dead back it will further brutalise what is already a very brutal situation the death penalty does not work. let's now take a look at some other stories from around the world the locals in haiti city of same are trying to storm a dog without borders camp set up to treat cholera patients they fear its proximity

to school or contaminate the students stones were thrown out of the camp site and the road block to stop patients from arriving and peacekeeping forces had to intervene as angio staff negotiated with community leaders around three hundred people have died so far in the cholera outbreak. twin disasters a tsunami and a volcano eruption have hit indonesia killing about one hundred fifty people more than twenty five died when mount merapi erupted forcing thousands to flee and seek refuge in shelters scientist have warned that pressure building beneath the volcano the lava dome could trigger one of the most powerful blast in years else word tsunami triggered by an earthquake swept away hundreds of homes scores of people are still missing. this going protest francis. ana gave its final approval to bill to raise the country's retirement age from sixty to sixty two and beyond unionists organized a demonstration in front of the headquarters of french president sarkozy's ruling u

n p party and paris students chanted outside the senate building as riot police did by unions have called for another nationwide dave protest on thursday even as all parliament action on the bill is over. entire police force of a small town in northern mexico has resigned it comes after the police precinct was attacked by suspect the drug traffickers nobody was injured in the tag but six police goals were destroyed and a new police station opened just three days ago was left pockmarked with bullet holes. and a wealthy motorist in moscow had a miraculous escape after destroying his luxury sports car in a high speed crash the quarter million dollar aston martin which can top speeds of three hundred kilometers an hour career it off a busy moscow street on the slippery road the speeding car left the ground smashed to kiosks and ended up in

a pile of scrap metal amazingly no one died and only two people were hurt the driver will get off relatively scot free the worst punishment he faces under russian law is a temporary suspension of his license. what you are to live for mosque and i don't for gathers much more for you on our website r.t. dot com just log on and explore but here is a look at what my catch your eye there. in sochi power is for words whether it's twenty fourteen winter olympics preparations the massive construction work reveals the secrets of russia's ancient past. to discover why archaeologists not athletes racing to the site. and going against tradition find out why young couples in india face family fall outs for taking money to put off parents to.

welcome them on campus here and that means time for a business of day that's writing corrina girl morning we're hearing that global corporate action in two thousand and ten could exceed pre-crisis levels but how are things in russia while russia's own production this year could rise if the current microeconomic tendencies continue marina will look at the figures in a moment but first two other stories. welcome to business stop russia the state producers are concentrating on domestic consumers to post to boost their profits recent changes and tax law and other government incentives have made the market more attractive this is also giving a competitive edge to russian companies over their european and asian peers but in the coachella has more. top russian natural producers severus now has opened two new plants and the moscow region to supply can manufacturers with process do you is just one of a number of that are ramping up production to profit from growing domestic demand

you have asked is upgrading its plant in the world mountains while i am m.k. plans to invest up to three billion dollars in the country to boost capacity over the world over are you going to put it towards we are planning to produce ten million tons of metal this year we're going to increase the output by some twenty percent by twenty eleven and by another twenty percent the year after our aim is to restore the pre-crisis output recent changes in tax law will have made it more profitable for russian companies to sell processed muscle to domestic consumers rather than exporting it in addition to the state has gone for tax breaks to foreign carmakers if they buy supplies from russian producers it's a part of the government's plan to encourage manufacturers to produce cars from start to finish with the locally sourced materials the russian market is recovering has recovered enough and all sure enough straddle xed here to consume all finished

feel and therefore make the russian steel makers even better positional competitor compared to the global still makers. selling pre-science still in russia can be three times as profitable as sending it abroad but the market is being destroyed by government intervention worldwide the demand for still has yet to recover from the financial crisis and prices remain weak so producers here have little reason not to take advantage of the situation by doing business on. washing companies listed on the world stock markets all but dried up during the financial crisis now there are signs the trend is beginning to reverse among others severstal and mail dot or you have announced their intention to go to the market well managing director of communications says the success of these deals will give a clear indication that conditions have improved. for the first time really since the crisis averted for a number of years you've got a number of deals that are out in the market that are being marketed and there are

seven companies that have looked into this six of them are in london ones in moscow and if if the majority of those get away i think you'll have an ounce of that will show something about the level of invest to demand an appetite for russian issues it's no secret that russia america has had a fairly challenging story of the last few years most of the companies that have listed if you have civilian reform well below the markets and so this is a maybe as a turning point if these deals get away into a reasonable price you might find that suddenly the mood around russia my peers is considerably improved right now as of today it's a bit skeptical and its investors need to be prudent. asian stock markets a lower mid south korean growth slowdown investors are also concerned that the size of the expected us by the reserve stimulus measure they do smaller than expected depends nick case trading will lower this hour investors are looking ahead to the release of results from a major japanese for us later this week. here in russia markets opened lower as well as down point three percent in the first minutes of trading to my success so

close but here you see tuesday's closing figures most stocks finished in the red on lower oil and metals prices and that had a negative effect on most energy majors. the russian banking sector has growth has grown more than ten times in the first nine months of this year russian banks made a net profit of twelve billion dollars from january to september compared with just one billion in the same period two thousand and nine russia central bank is forecasting that the sector net profit will reach sixty billion by the end of two thousand and ten however the crisis is still taking its toll on many banks with one hundred seventeen still suffering losses. well staff just posted a one hundred twenty percent increase in net profit for the third quarter compared to the same period last year when she was largest oil producer just over two point five billion dollars from july to september beating analysts expectations growth of crude oil production as well as higher kudo oil and petroleum prices were the main factors for the improved results has also revealed its plans to participate in oil

and oil gas and refining projects and ecuador now global car production in two thousand and ten could exceed pre-crisis levels according to pricewaterhouse coopers the number of cars to be produced this year could reach sixty nine point nine million russia's own production this year could rise to one point seven million cars. tendencies continue russia's industry and trade ministry stated in september that russia could make up to three point six million cars by two thousand and twenty. and that's all we have time for this hour i'll be back with more and about fifteen minutes from that.

wealthy british soil the sun it's time to rise. to. market. scandal find out what's really happening to the global economy for a no holds barred look at the global financial headlines in two cars a report on our. more news today violence is once again flared up. these are the images the world

has been seeing from the streets of canada. trying to corporations rule the day.

welcome back you're with our t. quick look at the top stories mediterranean oil reserves are the latest point of tension in the troubled region a four way race is on with israel and lebanon resorting to threats of war to stake their claim. insider trading illegal for the average american but not if you are a senator or the wall street journal says many are taking advantage of the your knowledge of markets the often kept a wrecked influence over. russia has come top for youth violence and knife crime and a world health organization study experts blame parents for not paying enough attention to their kids. american support for kurdish only police force causes

interethnic tension and iraq's cultural melting pot kurds and sunni fear that a u.s. pullout will lead to bloodshed. now how much does it cost to be an e.u. member state and is it really worth said dr lee roth the room a veteran from behind the scenes of u.k. e.u. relations shared his thoughts in an interview to r.t. . i'm talking to dr roles are a man who for many years has been an advisor to the government on european affairs and he's also a member of the bruges group which campaigns for a europe of links not chains or other and thank you very much for talking to r.t. now first of all tell me how much it costs the u.k. to be a member of the well that's both a very important question and a very tricky question to answer in the first instance the treasury wants a trick to the european union every.