in moscow. hotels. toto keep the promise it is congress photo. never told.

a story. in the city. as it could. be struck for us to tropicana hutto. global shift the asia pacific region becomes a center of financial power and influence with china taking over from japan as the world's second biggest economy. u.s. warplanes in exchange for a new pollutant west bank construction critics say. decades of talks. with. trafficking allegations in kosovo reignited claims hundreds of. yugoslav. to feel organized crime is rife.

with twenty four hour news from russia and from around the world this is in moscow the center of economics and power is shifting quickly eastwards to asia pacific that's the view of russia's foreign minister who's been in china for a three way meeting of nations why do you see the shaking up the old order of global politics russia china and india a part of the increasingly influential bric group alongside brazil growing dominance of this block is seen by analysts is changing the world centers of power the host of today's meeting china has already overtaken ship. become the world's second largest economy. but the us. reports now on the awakening of an asian charge. from a pile of ruins right after the second world war to an economic powerhouse second only to the us all in the span of a single lifetime major pan asia economic miracle. you think really but

nowadays the land of the rising sun is becoming a rising discontent. the unemployment rate itself is. around five percent but. the quality of the jobs late saturday. even when companies hire new people they tend to the condition. without social security so the social benefits economic growth is on a standstill and exports the engine of its economy are hurt by a soaring him pushing them to take their business elsewhere. would be doing you should be increasing his prevention we will be increasingly important parts for the us use by overseas he's referring to china also known as the factory of the world with a major chunk of every manufactured art of today either fully or partly made in

china i'm here in the heart of the largest china town. there have been four generations of chinese that moved to japan and they've been greatly from the rise of this country economically but ironically the original country they have left has now overtaken their adoptive home to become the second largest economy in the world which means japan is now chasing the pack rather than leading it japan you're quite right still seeing you're stuck in the mud struggling to generate. growth beyond us a sluggish. well. and i'm not sure either of those things are going to change many would say we're witnessing the beginning of china's era its economic clout is undeniable at the recently concluded g. twenty and apec summit barack obama repeatedly demanded that china lets the you want appreciate seeing below chinese currency is hurting u.s.

exports chinese president hu jintao remained unmoved china gets the last word that's the new reality in asia if not the whole world. r.t. yokohama japan. the outgoing u.s. senate is starting its last series of sessions before the newly elected members come in this january and things get a lot tougher for barack obama the post-election period called lame duck sessions is the last chance for the president to push his initiatives through the democratic majority were severely reduced following midterm elections one day and at risk is the nuclear arms reduction treaty with russia which could face strong republican opposition to an expert dominic leave and says a bomber is desperate to make this treaty work to win points at home. full of the moment everything's less important than internal battles on capitol hill. you know within the sort of american political elite simply obsessive lee hostile to each

other and competing for power nothing else really counts and therefore you know international treaties the whole range of foreign policy issues to simply become again essential to see in and who's out in washington well i think it's partly that they feel the document is important it's you know this treaty is a significant part of the whole foreign policy. and obviously they are committed to you know better relations with russia and trying to stabilize the nuclear relationship but beyond that if the senate throws out this treaty it will make the rest of the world believe that obama is powerless if you can't even get this. treaty through what else is he going to be able to do probably nothing i think most of the rest of the world regards this is a good treaty the administration is committed to it if the senate throws it out filibusters it. that it will make the american administration look powerless of course that will have a very bad effect for the next two years so there's a general issue surrounding the trade ability of the effectiveness of this

administration there's also of course the broader issue of the nuclear arms balance with russia how do deeds of collaboration with russia or of nuclear arms in general which presumably would also affect american plans as regards iran that it's all it's all surprising but. gates of a deal barbara pretty desperate. political expert dr dominic levens speaking to r.t. from moscow and in a few minutes we'll look at what price the republicans are ready to pay to keep america's image as a superpower. its close ups and social spending to help america's shattered economy the massive military spending remains based on. the u.s. is desperately trying to revive the stalled middle east peace talks it's offering some early christmas gifts to entice israel into extending a freeze on building in the occupied palestinian territories washington's put twenty still fighter jets were three billion dollars on the table and a pledge to fight any international resolutions against israel in exchange america

wants israel to pause construction in the west bank for three months and promises not to request another freeze when that deadline is up palestinians are criticizing the plan angry that the proposal will not apply to east jerusalem. honest and in economics minister says it shows how israel is twisting washington's arm. but i think we're talking about blackmailing israel blackmailing america and milling the world for. some kind of pseudo moratorium on the settlement activities settlement activities have been characterized by the. world as illegal and i think the fact that israel is negotiating with an american an american administration the terms of the deal where they could have this sued them returning for three months is in my opinion very very serious breach of the neutrality of the american government and very serious breach of the international community this will not work because even if they have the return for themis it will not be for the old

palestinian territory but what will happen at the end of the three months nobody knows israel will stall the process even if it starts at the end of the three months they will have another route another round of a new blackmailing long list of things that they will demand israel with the negotiating terms with the americans concerning the coming back to the peace process is establishing for a fact that this is a country above the accountability and this is a country where the international law is not subjected to i think it is very high time for other countries to end the united nations especially the other members of the quartet like russia and the european union russia and the libyan union have an equal stake in this peace process and i don't think they should accept to continue to be continue would sleep sidelined by the way the americans are dealing with as there is no way this. dr lith there palestinian economics minister there talking to

r.t. and lebanon's prime minister has praised russia's important role in mediating peace talks in the middle east and promoting stability so i reraise on a two day official visit to moscow and artie's caught up with him ahead of his trip and we're bringing an interview with him in just over twenty minutes from now but the meantime here's a brief preview. i think russia could play a very important role it has many friends in the arab world we need to use our relations with russia in order to communicate the arab stance on things to the international community because it's very unnerving to see the injustice done by israel to palestinians as well as to lebanon and syria we can no longer ignore this political relations with russia very important to us we would like these relations to be economically beneficial as well and we would also like to find out how russia could assist lebanon and equipping our army and security forces in this respect we're going to propose some ideas brush and friends.

at least seven suspects and cause of a have been charged with persuading people to sell their organs with false offers of cash one of the accused of previously faced allegations of trafficking body parts of serbian prisons during the kosovo war and that conflict and kosovo later declaration of independence has invited in organized crime. they grease him allegations claims this new organization crime group including doctors and a high level health official were involved in organ trafficking and as the investigation continues there are now growing concerns that with political instability and a weak justice system close of a could be becoming a breeding ground for criminal activity organ trafficking on exists in all the parts of the world but the people who it's basically a big business or course the people who do it don't do it on an ethnic basis but do

it because there is a lot of money in it and the opportunity to sort of top. environment which has been existing impossible for pretty much the last ten years is of course something that they would welcome the allegations focus on the medical private clinic and first surfaced he is forcing the center to close shockingly r.t. have discovered that two things named in the indictment have continued to work ever since as another health center you're a medical and just next door to where the alleged crimes took place so we went to confront your america about. we just tried to speak to america and they want to talk to us who are asking them about the to employees who are supposedly still working there despite having been involved in the medical case piers ago where that were shut down you can see the proximity is extremely close the indictments have shed a harsh spotlight on organized crime in kosovo a base its government and western countries are accused of turning

a blind eye to the lawlessness has been growing ever since it declared independence from serbia at least three years ago there are also many who accuse the ruling authorities of miscarriages of justice that date back to the war being drawn between medicaid and the yellow house case the alleged murder and harvesting of organs of serbian war prisoners by members of the cost of a liberation army. but there was insufficient evidence to bring that case. my husband was taken just after the war and despite civilians haven't been promised security regardless of ethnicity he never came back the family suffered kidnapped and killed people in cos of our have been fighting there on tape in the un mission cost over and n.g.o.s for a long time but so far without any results the biggest problem is that those who are killing on kidnapping people and course of have changed their soldiers uniforms for the peace they gained power overnight with the help of international

institutions. the focus is now for laying on whether the territory is up to fighting organized crime and say many can still say clearly because of the abuses of the past there. by the way there are always more stories on our website it's. time here's a quick preview of what the moment while forecasters predict the coldest winter russia has ever seen there's no sign of it yet. experiencing record breaking warm. at the moment but also it was. when putin was presented with his bold darian sheepdog trip to the country. he's been given in the past. on a website. called. with

the u.s. debt exceeding thirteen trillion dollars republicans were elected in midterm elections on a promise to reduce the budget with across the board spending cuts yet they explicitly exempt the defense budget promising to fund america's wars whatever the cost may be ortiz or list has more. with the u.s. debt in the trillions in the economy still in the toilet it's no surprise politicians in washington are calling for this solution it's across the board spending cuts and in fact it was the rallying cry heard round the cable channel clock on midterm election night when you get right down to the details so charity may be here medicaid you can over that is what i say it looks a lot more clear that across the board cuts really exclude a fifty eight percent chunk of the budget and i mean clearly he has turned to spending would you cut defense across the board as well as domestics have you do you do not cut defense that how can politicians afford not to touch the six hundred

billion dollars a year elephant in the discretionary room. that rises to over a trillion dollars depending on what you factor into what you're calling defense minutes a politician democratic or republican or a particular session of congress begins to reduce significantly cut spending there's an immediate outcry and those congressional districts that are impacted. i'm sure it's political and hey being a superpower doesn't come cheap it's a question of maintaining ready to have the capability to project force in other words it costs a lot of money to support this it's our empire we have an empire we have half a million of our troops and other people's countries all over the world. and maybe the spending isn't that big of a deal when you put it like that sounds like a huge giant number in terms of u.s. dollars but we have a fourteen trillion dollar economy but here is what else is quickly approaching fourteen trillion dollars the u.s. debt get the u.s.

continues to demand spending almost as much on defense as the rest of the world combined relies on other countries to pay for this countries like china to fund u.s. debt or another word to fund us defense america's storing all of these dollars in iraq and iraq afghanistan in japan. bases around the world that's what the deficit is and that's what the u.s. isn't talking about the federal american politicians would rather sidestep the issue i know. or protect defense at the cost of programs americans count on such as social security some high profile players are drawing attention to what actually resembles reality comedians for one america is like a family that spends way more than they bring in and dad to give up that big stupid boat. and you know what america's stupid boat is it's our empire oh yeah and

former budget director is a republican president. and the. sun is an imperialist power and we can't have credit card imperialism we can't be the policemen of the world anymore because we can't afford it we're going to cut defense drastically but with the will on capitol hill looking more like this if you do you do not cut defense and the president overseeing this astronomical defense driven debt what does this really mean for the country it means that mr obama is trying to turn the united states into a third world country just as george bush did and just as clinton did there's just as reagan did so there's been a constant movement of the united states to run up foreign debt without any ability to pay or even without any intention to pay and when that credit card is maxed out that tough talk we're hearing now that you're going to be falling on defense. more and mr r t. now time for

a quick look at some of the world headlines this hour before the business news with charlotte and inferno that ripped through a high rise apartment building in shanghai has taken the lives of forty two people with over one hundred others injured according to reports the twenty eight story tower was under renovation when a fire broke out on scaffolding quickly spreading to the building itself people jumped out of windows in desperation to escape the flames. three million muslims have made their way to saudi arabia for the annual hard pilgrimage white robed. arafat given it so much prophet mohammed is believed to have been if it is not a sermon a grand mufti of saudi arabia gave a sermon arafat saying. all violence and terrorism and those involved working against the religion. aftershocks of a two russian cosmonauts are on a six hour space walk outside the international space station installing a new multi-purpose work station on the side of a russian space module and carrying out extensive maintenance the rest of the six man crew awaiting aboard the soyuz spacecraft which is currently docked at the

station ready to carry out an evacuation. of innocence. as a mensch a little earlier on the way we have the latest business news to charlotte and later a trip to a place known as nature's enigma a special report on the camp. in the far east of russia is in an hour from now here's a preview for you. are you. comfortable. just . scorching. the photo with the wow.

but i welcome to the business program here on r t with michelle i was folly the scale of the debt crisis facing europe has become clearer with the release of two thousand and nine budget figures for the area greece was an even worse shape than previously thought deficits by fifteen point four percent of g.d.p. island success become the second country to receive a bailout of the second highest deficit save a fourteen percent across the whole thing currency float the budget deficit was more than twice but three percent target set when the year it came into being. the price of oil is rebounding after three successive days of ford's concerns over economic growth in europe and china have been undermining the markets for friday's report by the international energy agency showing rising to malta strong g.d.p.

data from japan a lifting sentiment well kate multi-pack from plots in london believes the fundamentals support a bullish outlook for the markets. the price of oil relative of course to our currency on right now with the u.s. dollar getting hurt. by its own doing really with quantitative easing what that means is that there will be more dollars chasing the same amount of goods so in theory then public and anyone will need to pay more dollars for the same price of oil perhaps another currency is if there are any there are strong then it won't be the same case but right now it seems that most countries are really on the same raise to print more money even today are we reading the newspapers the bank of england is also saying that maybe they should do quantitative easing so if all the countries in gauging quantitative easing they'll be more notes chasing the same

amount of goods and from that point of view then oil or any other commodity shouldn't fall in price and what do you think has the market turned more bullish the market in itself leaving aside the currency e shoes is fairly bullish because china despite whatever issues they're having in the short term where they're considering doing greece interest rates china is consuming more and more oil every day if the pace of discoveries in oil is not keeping pace with the growth in the man then of course that is bullish and right now we're entering the winter which traditionally is a bullish period for prices so right now prices are very strong. merely hate the new or. last week. barring any implosion in the european zone i think things are very constructive for the price of oil in

effect. cycle of the markets now in u.s. stocks are going well following the release of strong retail sales figures the sector grew by one point two percent in october many double the rate analysts were expecting the dow jones up two point three percent. and. monday's jittery investors kept an eye on worries surrounding the irish economy while. the shares of german try to make a month see. tom see how they're going to hear both the forces closed off to the moist expiration monday so she may be warm for some time to let the games in the two point five times all in a row nickel also before the vote so you want to own one. the russian insurance market will reach pre-crisis levels within moments historically russia has been under insured with people relying on the government and good luck

to help out in times of crisis that's beginning to change with a rapid growth of life insurance we do know caution reports. young try any and his company and through the russian insurance market only two years ago from the start of the financial downturn two years on some saturates of the economy have almost recovery to pre-crisis levels and among them the insurance market. on the russian market. with what's going on on the other market and based on that though we are strong in. terms of market especially in the form of the fast growing life insurance business is sim expanding by almost twenty four percent this year and x.p. see the mortgage it will reach the pre-crisis levels of two thousand and eight within months one key driver is domestic car production forecast to reach one point seven million next year another growth sector is buildings insurance in september

president dmitry medvedev suggested the return of compulsory fine surance after the summer's devastating wildfires however this will take much longer than the government wants according to one of the country's leading insurers the general director of. negotiations along will take two years. what we see now are only talks on how to implement mandatory fire insurance in the country if we talk about insuring apartments it mostly means insuring liability but if you talk about countryside houses then this deals more with property insurance the state hasn't made its decision yet i think talks will go on for at least two years it's clear that number is so long it won't drive the recovery consumer confidence is crucial as the industry is to meet its potential my dinner which no business r.t. . that's all the business news for now we can always buy more stories on our website . business.

those so many years of past some former prisoners are still along. as well as the fortune of. those so many years of. summer hoping to find their savior just. others take their executioners

and i'm longing for justice. those so many years of past. memory is still a moment. as well. as. fate. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing up for a shelter on the day. culture is that so much i was about to fail and with my life in the form of a war give a real try to pull the welfare state instead of long live the welfare state the system is broken and bankrupt with almost no one taking responsibility.

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