as for concrete results on the world's most pressing issue the leaders did propose to continue to work together but very little headway on those so-called currency wars that great divide between east and west in this battle over the box. the world at war the weapon currency. the fallout trade imbalance the world's paying i mean the world is paying the price for the asset bubbles that are being blown throughout the emerging markets and this high stakes battle for global exchanges it's china versus the u.s. on the western front the fed pumping six hundred billion bucks into the american economy the valuing the dollar while slamming china for not readily revaluing its you want on the eastern front the chinese position is well you're depreciating the dollar why should we really value the removal be the chinese currency which the us keeps on insisting on so it's really a standoff one that smacks of double standards it's absolutely true that the united

states of late has made don't mess to clean self-serving policy that was shortsighted and that did not consider the rest of the world and this set up the sole summit but despite global outrage with u.s. fiscal policy they got more of a high level silent treatment than any kind of fight right now it's the world against the united states and in terms of an agreement to deal with the currency war nuns going to happen there is no interest coming from china or germany the two other key players to solve this problem not interested or protecting interest. and that was before the session even started obama might have guessed there would be no compromising china wasn't budging and germany and export giant defense its right not to surrender its strength by spending more abroad to appease u.s. calls to help economic recovery much of europe seems to be sitting back and want.

how this will all play out i think they are trying to be defensive and so that's a weak position right now russia sees itself as a mediator and hopes multi-currency reserves over place currency wars should. i believe that the threats of a currency war breaking out will significantly decrease following today's summit we have reasons to be optimistic about the future the group of twenty did agree to develop early warning indicators to prevent economic turmoil and gradually move on currency the question now is not enough to prevent this cas class from getting out of control. this is now it has fallen and there would be now to talk about where all this leaves us is dean baker he's the coordinator of the washington based center for economic and policy research mr baker evening to you well the g. twenty is often accused there's a bit of a lot of talk but little action and think that's exactly what you're saying this time around isn't it. well it's clear there's a lot of disagreements and i was so the currency issue is front and center there so

you have the united states trying to push on some countries obviously most importantly china to raise the value of their currency and pursuing a policy at the fed the quantitative easing which other things equal certainly is going to be a factor lowering the value of the dollar and. most if not everyone else i'm happy in that picture and of course just look at overall picture here between the g twenty taking very different rescue approaches only the u.s. is spending is where the recession while europe's taken the other approach slashing and spending no matter how popular that turns out we recall just what how this we can love that could this widen the division do you think. well i have been to believe the u.s. is very much right in a fortune i don't think united states is going far enough we should be spending much much more i don't really understand the logic of the european position i don't understand how they think that by squeezing by having austerity they're going to bring about prosperity i mean the standard story that one would tell is that if you reduce your budget deficits your lower interest rates and that's going to spark

investment but when you have such a huge amount of excess capacity in just about every sector a huge amount of unemployment and interest rates are already very very low it's hard to see a you're going to get much decline in interest rates as a result of you know whatever budget stringency you want and be even if you do it's hard to see it bring about much investment in a situation where there's already overcapacity so i think you know we seem to acknowledge the lessons of the great depression which is you got to spend money to get out of it you'll be exploited i'm not an economist i'll be guided by you what you're saying then is that america is right to print its way out of trouble to print more money to get its way out of trouble yet. that's right i mean we hear these stories about it you're going to have inflation and this is kind of kind of an old wives' tale inflation results from having too much money chasing too few goods and services and right now we have too much goods and services we need to generate the demand now that doesn't mean at some point in the future we need to be

looking at a situation where yeah we have a problem with inflation because the unemployment rates back down to five percent or four percent whatever might be and you know we really do see inflationary pressures but it's a long way to go from nine point six percent unemployment to five percent in the u.s. numbers but it's the same story elsewhere in europe so inflation is not a problem for now and certainly we could act and it's the fed just goes to sleep for the next two or three or four years and doesn't notice that the labor market is tightening that the economy is picking up steam if that happens you start to put your foot on the brake it's not hard i'm right in thinking and that the child is going to vested interest in ones who know how strong the dollar is and to keep a strong dollar because of course it keeps a lot of that in its currency reserves doesn't a lot of dollars i'm not sure what china is thinking over the long term i mean china has made a decision and one hand it's a little hard to quarrel with a country that's grown a ten percent average rate for the last two decades obviously doing some things right but at the same time they must understand that they're going to take

a beating on those dollars i mean i mean some of these are very smart people i personally don't know any of them but i'm sure they're very smart people they've made a decision at least from my perspective that they're deliberately keeping up the dollar in order to maintain their export markets the united states in effect paying people in the united states to buy their goods and that's helpful as to their growth no doubt about it but at the end of the day they're going to lose money on their dollar holdings i assume they know that maybe they don't but they sure should but while we're talking about china the flip side of it is it at all possible that china will in any way yield to the u.s. demands and pump up its currency if that happens what could the consequences be the rest of this. well i expect at some point china is going to do that of course when china holds down its currency against the dollar they're doing against the euro against all the currencies in the world and what that means if you know they raise the value against the dollar that they are going to be raising their value against other currencies as well which means they'll be exporting last they'll be

a bigger import market one would expect that i mean in standard economic theory one would expect the rapidly growing countries like china to be a net importer of capital that's the sort of textbook story and instead you have this very strange story where here's this country growing ten percent a year that's x. porting capital to countries like the united states that are obviously relatively mature slow growing economies. co-director of the center for economic and policy research in washington good to have your expert opinion on the program tonight thank you. i think that. the russian newspaper survey of the ten russian agents expelled by the u.s. this summer were betrayed by their own boss president better says the revelations and i was surprised that he was aware of the events all along he got press can offer explains the journalist behind the story said the media hype also drew attention away from the real tops by the summer spy story between the u.s. and russia just a few months after dropping out of headlines around the world the biggest spies scandal between moscow and washington since the cold war iraq is back in the drama

of this whole situation is that the agents were turned in by their boss. he's been named as colonel suitable for allegedly headed the american department of russia's foreign intelligence service neither his first name or photograph have been found to journalists from the moscow based community news people who've held their own investigation clean he is behind blowing his colleagues cover in the united states . everyone we spoke to agreed that this was the biggest failure in the history of a foreign intelligence service some of the agents worked undercover for decades and all were given away just like also. their findings have been confirmed by the president on friday dmitry medvedev said he knew who the trader was from the thursday of the scandal it was june when american authorities announced the captured ten people suspected of being russian secret agents all were found guilty by a u.s. court and deported in exchange for four men serving time in russia themselves

convicted of being foreign spies it was never going to stay out of the news for a long the story instantly made headlines and especially since the russian president's first official trip to the u.s. had just come to an end it's thought colonel to back off russia to the united states just a few days before the meeting even if the visit and according to some reports are few months before that he was offered a promotion at work which could have seen him subjected to a lie detector test and v. that some believe is why he we jetted the job offer instead he turned the other way way turning in his associates the media quickly found its favorite and on the group of deported agents young rich and beautiful anna chapman was deemed the russian james bond girl but did the paparazzi flashes draw focus away from the real super agent in the group mikail vision course was still in the shadows just as he had been for the past four decades. that it is true

this is an amazing story it doesn't only have a trailer but a true hero as well so to absolute opposites i'm talking about with some coffee and he's fantastic story. he left the soviet union in the one nine hundred sixty s. first to spin then just south america working as a photographer he eventually married and moved to the us changing his name to one it said he continues we denied being a russian agent and two presented secret documents that he then revealed his true identity but intelligence experts seen naming and shaming russian operatives was probably not the prime target. that. was probably a u.s. agent for a long time him self and i'm sure this whole story was instigated by the american secret service the two presidents are working to restart relations and some people are obviously against the timing of this scandal was picked perfectly it puts another name in the frame for the russian intelligence service that's still trying

to establish how a massive decades long secret operation could fall port so easily seemingly at the hands of one man you've got this going off moscow. if you will it's a lot of the program the girls who were snatched from the street and forced into marriage stealing a bride is no it isn't a custom in russia as chechen republic will tell you what the authorities there now are trying to do to stamp it out the stories coming up in a few minutes time. first though human rights activists working with palestinians say they're under pressure from israel which claims the stoking the conflict there the interior ministry's stopped issuing permits to many forcing them to work illegally paula slee has been meeting activists and said the accusations are groundless though and that israel regards any palestinian supporter as an enemy. there that this it is israel doesn't want activists from around the world who come here to photograph and protest palestinian suffering when most of the n.g.o.s only

bring more fuel to the conflict make it much more harder to solve the conflict bring more hate to the. flicked they have huge he kidnapped bitters human right which is why from the beginning of the year the israeli ministry of interior started with doing work permits from international n.g.o.s oxfam save the children and medicine some pontiff have all been affected anybody who voices a pro today and view anybody who supports justice propels the ends and palestinian refugees is is an enemy of israel and says pro quo a terrorist i simply don't buy don't think there's evidence that someone in tears say they have no choice but to do their work illegally emily's origins are palestinian but she can't live here because she can't get a visa for

a while she managed to evade the israeli authorities by leaving and returning every three months and lying to them that she lived in jerusalem but they eventually cautioned on and have given her one month to get after the more visas you have in your passport the harder it gets. getting from initially it was more being overwhelmed and really understanding you know which borders to you is how do you know how to talk to the soldiers what to say what not to say n.g.o.s monitor is an israeli organization that tracks non-governmental organizations working in the area its staff won't speak on camera but they haven't shied away from writing on the net this web site accuses several charities working in the west bank and gaza of having links with terrorist organizations here it says that the palestinian children's welfare fund owns a hate filled with site dedicated to the glorification of jihad and the denunciation of israel there has been no evidence whatsoever and no cases that

anyone's heard of or people in n.g.o.s committing any kind of violence the palestinian for instance on stones and grenades them on idea of soldiers and who is helping them you see a blonde girl from the. no i don't know where eighty mormeck spinning cars are for six months and plans to stay six small he's a volunteer with the international solidarity movement which israel claims has terrorist links they therefore want to cross into the west bank he's a human rights groups that are credible throughout the world and yet they are being stopped from entering many times in the un report richard falk was stopped from entering so this stretches up to the united nations for many n.g.o.s the challenge remains how to draw attention to the work they do without getting kicked out of the country many israelis continue to question the work they doing in the first place policy r.t. israel. but so one of the stories about online fears well if you want to have your say about it r.t. dot com also there tonight from cambodia cats smuggler read our russian prisoner

trade is the line friend to sneak in is fix of heroin. and the training thrill for firearms of the nutcracker which is now cracking hollywood to details of the tinseltown heavyweights bringing a cherished fairy tale to life or on our home page r t v dot com right now. next tonight man who kidnapped girls off the street and forced them into marriage now face jail in russia's republic of chechnya it's been seen as a tradition among some muslim communities of the north caucuses but religious leaders and officials say it's deeply wrong and must be stopped. over reports now on the practice tearing families apart. it is the moment of families torn apart.

and which here remains a ritual rather than an outrage the man simply chooses the woman he wants and forcibly takes her but the kidnapping of one young girl called him on one terribly wrong. i knew she went shopping back. loans we hadn't a good outside and saw her being kidnapped yes she was shouting we saw it all. the good lebron his accomplice grabbed him on jumped into a car and sped away but a short way down the road they crashed into a big truck with. a young girl. when they were driving here they crashed in the old. school so there was an awful tragedy the car was just a piece of metal you couldn't tell what car it was. some say could lend brights ones and they cook asian blood religious leaders and strongly disapprove and no laws have been brought in to corrupt the practice because it is as i'm able to go to the corner chechens never had such as this is. every friday i say during the.

it's a sin. and those who commit it will be punished during this life and on the judgement day. the girls who've been kidnapped rarely bring this matter to a courtroom as such a case may be considered it is grazed by all but they never forget about it result no one saw the experience forty years ago she left the shop and was heading home when it happened the news that we're taking me away and i didn't even know who was kidnapping me it was several men in the car and i knew no one only on the second or third day did i find out who i was telling people. rizal remembers the day she spanned not knowing what was coming next lost and frightened she had no choice but to stay with her kidnapper whose youngest daughter was almost her age two months later resign or ran away but her life was changed forever for the witching

but this really is the big tragedy because your life doesn't belong to you when you longer you can't mend it but you were kidnapped girl even if you spend two or three days there and return home you're not considered a virgin you belong to someone of the water but now trichoniscus and tough on the practice with the new laws. i think lose lose for the global issue i think many families where girls are brought up to feel themselves more secure probably in love like a lovers will face a prison sentence and have to be over so it is sold in dollars in fines to the girl's family even religious leaders forcing the girl to marry her kidnapper will be punished if one's older appears to be a strong support goes international yet to see whether the old tradition has been and is only on paper or in reality to absolutely heart so are our genes from crossly. couple top world news stories for you in brief haiti's cholera outbreak has now killed at least seven twenty four the siege is spreading fast in the haitian capital and heading towards southern regions the country's health minister

says around eleven thousand people have been hospitalized since the outbreak the u.n. expects the infection rate to. be on mars military authorities could free pro-democracy leader aung san suu kyi this weekend of apparently sexual release which is due on saturday to choose being under house arrest for fifteen of the past twenty one years which has drawn widespread condemnation but a lawyer says she won't accept a release of conditions are imposed which excluded from politics more of our story twenty four seven at r.t. dot com no ten minutes got a special report coming up for you we focus on or became the symbol of the fall of nazi germany sixty five years ago it's an interesting program if you call that one today first the creators say with all the latest from the world of business this friday night in moscow. hungry for the full story we've gone to. the biggest issues get a human voice face to face with the news makers. in

moscow. hotels course them. over those are all it takes to keep a promise it is congress motel east west liberty. nobody. sloviansk on insulter historical hotels of a culture in the city. called small. elegant up until the street protests to become the hurtado. hello and welcome to business program here in r.t. russia's economy slowed in the third quarter the gross domestic product rose two point seven percent year on year after expanding five point two percent in the quarter to june the worst drought in fifty years hit crops and forced manufacturers to cut production the economy ministry says the heat wave will cost the country

point eight percentage points of growth this year. but he twenty summit in south korea has struggled to reach agreement on key issues which could affect the recovery of the global economy politicians fail to find common ground on currency devaluations as well as trade imbalances he gave at the ocean head of research and jones lying and has told us why the country's failed to reach the consensus. different groups of interest are trying to solve their own problems with the help of g twenty but the group used to be twenty twenty two much to come a proper consensus that's first of all second of all there is no excerpts through a pressure like deep and serious crisis which interest and. made political leaders to put aside their local problems to concentrate on the main so there is no such main target for everyone and everyone would like to grow probably staveley of low inflation high employment to fuel themselves but unfortunately for

different countries know the answers are slightly different. but take a look at the markets now wall street is trimming losses after gouging consumer confidence increased more than forecast the commodities are getting hit pretty hard with copper leading the way stocks fell after china said it was preparing to hike interest rates to tame its rising economy and find inflation and european stocks finished the friday's friday's trading day makes the pussy and it point. one four percent higher story lower while the dax pointed upward shares of from guster and cover dropped over two and three percent respectively with the four copper silver and gold prices. and russian markets finished lower on friday echoing global trends the r.t.s. lost over a percent of the mars expel less than half a percent energy majors one of the main drag of indices fall over one percent on both bucking the trend though we're hydro telecom. the value of

initial public offerings by russian companies could jump to twenty eight billion dollars next year the highest since two thousand and seven that's according to the capital one reason the i.p.o. market may take off is the recovery in russia's benchmark investment indices there regained the bulk of their record decline caused by the global economic meltdown he sectors mining chemicals and we tell industries where sales of shares are expected to surge to twenty billion. dollars the sale of stakes in state companies is expected to raise another. premium vodka make a russian standard has agreed in principle to buy ukrainian rival need of this is according to a very misty newspaper details of the deal were not as closed however experts believe we knew honey and pepper. we were up to four hundred dollars in september of the ukrainian brand rejected by u.k. based distributor stock fair. russian polish. will

produce wind turbines from two thousand and twelve the move by the state company signals that green energy has finally come of age in russia the template points. the global wind turbine market is booming growing over thirty percent last year but russia's share so far is close to zero russia is the leading producer of traditional hydro carbon energy but experts say the country needs to harness the power of some in older to make best use of its oil and gas the one thing you know about your oil and gas assets is that their value will increase over time so in terms of a long term economic strategy selling as much as you can now is a really bad idea and what you should be doing is selling a moderate amount but saving and developing as much as you can for the time when price when the price of oil is two hundred or three hundred or four hundred or five

hundred dollars a barrel once you made it has come to the notion that oil is is way too valuable to burn according to the international energy agency new clear and renewable energy will supply two thirds of world energy by twenty third to russia's fuel giants gasper. all looking at alternative sources the declared strategy is to boost the share of renewables in the country's energy balance to turn a half percent in five years. but they're having to do it with out to the state subsidy is common in europe how much money does the government spends on renewable generation. isn't it fair know now we warned what portion green energy producers want the government to go and taint higher prices for electricity derived from bring you a bill sold says they admit that's the only way green and energy can be profitable

but russia's dependence on traditional sources is so strong that renewable projects are likely to remain no more than experiments until they prove their long term viability him that's all the business our team. that's your update for now stay with r.t. for headline news up next. for

your convenience are comfortable shuttle bus will take you to the spot. just a few hours concerning virgin forest and scaring the most current mirrors in your direction. on the moon. craters. scorching soil and toward there are included. a photo with the wild lunar rover for free. hungry for the full story we've got it first hand the biggest issues get the human voice face to face with the news makers on.

the. sound from phones to. keys don't come. here. and now i'm kevin zero in with the top story headlines the g. twenty leaders agree not to use currencies as weapons to protect themselves while throwing up trouble for other countries the same time economists warn that is unlikely to translate into real action. betrayed by the boss

a russian newspaper says it's a mosque the man who it claims sold out the ten agents expelled from the u.s. the president with says the revelations are no surprise in that he was aware of the source all along. israel's accusing pro palestinian charities of fueling the conflict in the region and supporting terrorism claims which the activities say groundless several charity has been forced on the ground israeli authorities revoked. coming up next a special report looks at the red army operation which freed europe bringing with it the form of the nazis.