russia goes on are key. to. the.

the powerful credit ratings agencies get a low score from germany it once their influence occurred after they put portugal at risk of a second bailout. facing up to europe sinking feeling the new i.m.f. chief sets out her stall but the media's eyes remained fixed on her predecessor sleaze scandal. and the arctic expansion as russia plans to ask the un to redraw borders at the energy rich north pole which for other countries laid claim to it. and the un's findings until last year's fatal gaza aid flotilla raid are due but israel refuses to apologize to turkey for killing nine of its citizens on board.

and is a.d.l. in the russian capital you're watching r t with me were in a joshua welcome to the program germany's finance minister wants to curb the power of the dominant credit rating agencies their verdicts can make or break economies most recently causing a euro stop plunge after downgrading portugal's debt to junk germany is at the heart of a failing nations but is now questioning whether the bailouts are legal for some economists the current strategy is just maintaining the pain. the. political will need to second by some point in the future and that it could default puts it in the same sort of financial problem as greece and it could have a same sort of financial market response as a greek default so obviously there are similarities but you do have to assess these countries on their independent characteristics the alternative is there will be a default in these countries the moment the real approach just seems to be delay it

for as long as possible it looks as if germany and france are dictating this and they trying to protect the banks and delay the inevitable default so the banks will be able to better withstand the shock when it does come over that is far from assured we've seen the rise of the euro and tea parties particularly in finland with the true friends and with upcoming elections in germany and other countries it's likely that we'll see similar results in these countries people growing very tired of the rise in the bailouts for these other countries. in all these countries is yet to peak and will continue increasing over the next year so the eventual restructuring the eventual write downs which need to be taken will just get larger not to mention as we've already spoken about the political costs of continuing these bailouts on the austerity measures financial commentators have long suggested that the euro zone's weaker economies should quit the currency online or t. here is a very different solution. it's a better solution if germany would withdraw from. economists michael ross explains

why the big boys should bow out it's an arche dot com along with more insight and opinion on europe's financial world. the cash strapped is giving christine legarde much to think about in her first days in charge of the i.m.f. she told reporters that she's picking up the baton from her previous sesar to deal with the problems and reforms that began under khan's watch but artie's christian for south says there's still more interest in muckraking than money matters. from violence on the streets of the middle east rather than. to protests in north africa to europe. or portugal's credit rating has been deemed junk. and in greece the owner unemployment hovers at about sixteen percent and the debt crisis has sparked anger nearly all of this anger stemming from poverty and failed

economic policies in the us as well high unemployment sits atop a mountain of problems like a housing crisis and slow financial growth. this is the world christine legarde inherits as she begins at her new post as managing director of the international monetary fund in her first formal meeting with the press at the i.m.f. headquarters in washington she seemed optimistic in her hopes the international monetary fund is here to serve and to provide services to its hundred and eighty seven members it's not the sexiest of news stories but still the inaugural press conference for the new managing director of the i.m.f. did garner quite a bit of media attention most likely it had less to do with christine lagarde herself and more to do with the reason why she's here. campbell what lessons do you think ought to be drawn from the way the u.s. legal system handled this current case we did be any reforms in the human rights

and human resources policies here do you plan any changes in them in light of the controversy over mr strauss kahn the controversy of course with dominique strauss kahn accused of raping a hotel maid in new york that case now starting to crumble after it turned out the maid had credibility problems but back to the i.m.f. or lagarde will take over let me ask you about a couple of issues what worries you the most guarded her best to stay on message we cannot be only driven by the hope to reduce fiscal deficits and organize fiscal consolidation in a big way whether you look at advanced economies or whether you look at emerging markets or low income countries the issue of employment. is a critical one the one hundred eighty seven nation organization has already lent

one hundred sixty billion dollars to cash strapped nations many of which have little hope for paying it back. so the real questions are manifested here on the streets of some of the nation suffering the most are accepting aid from the i.m.f. has been presented. measures are now being put into place the questions too are in the dollar and how its value may or may not change under her watch her managing the debt crisis around the world will fall at the top of her agenda as the rest of the world watches with hope first ability in an unstable world in washington christine for south r.t. . later today the kaiser report takes on the euro countries who are selling the family silver to stay afloat. we're seeing the introduction of neo feudalism into europe as we've said all along sell sell sell everything must go in great

fire sale these nations are giving up. basically the toll booths it's not capital things that has nothing to do with capitalism couples are going first competition if you're not allowed to compete because the state is orchestrating takeovers from foreign banks of your assets that's called an occupation. diplomats from russia and france have reportedly clashed over the libyan crisis at a closed door meeting of the un security council it's thought moscow lambasted the french decision to arm the and to get off the rebels in violation of the un resolution. takes a look at detail. but you know there was a discussion and russia says such actions violate the arms embargo that was imposed on the weapons supplies also breached the un mandate that was given to establish a no fly zone and protect the libyan civilians the u.n.

authorization was given in the middle of march and since then nato bombings have killed scores of libyan civilians undermining the goal of the operation speaking of goals western powers have their logic of understanding the goals of the operation they say in order to protect the civilians they need to get rid of gadhafi in order to get rid of gadhafi they need to weaken his strongholds which means intense bombing of the country and that's what the forces are now actively engaged in but by all means alone they say will not bring it desirable and to the conflict which is ousting khadafi so there needs to be action on the ground but the u.n. resolution explicitly says no foreign troops on the ground in any form and that's why they arm the rebels according to the french for example but critics say that logical change takes us very far from the initial goal stated in the u.n. resolution which was to stop the massacre and nowhere in that resolution did it say a forceful regime change many say nato is actions that were meant to stop the massacre have brought about a lot of destruction not to mention that it's

a direct and now a long lasting involvement in a civil war france was the first to acknowledge weapons supplies to the rebels in libya we're talking about rocket launchers assault rifles machine guns and anti-tank missiles there are several aspects that analysts point out in france in this dispatch apart from the fact that he very clearly breaches the arms embargo that was imposed on libya one their radical elements among among those rebels while and there are unlikely to show mercy for their opponents and those arms supplies most certainly inflame the situation even more and the way it was done the weapons were parachuted from planes who knows who got hold of them it could be kids it could be criminals but it seems nobody cares as long as it's the rebellion and that's the phrase used by the french as the reasoning behind the airlift to boost the rebellion but many libyans now say the last thing they want is a boost to the to the civil war that has a stake. so many lives that has torn their country apart. reporting there i still have for you this hour here in our why seeing the light for air travelers such as

passenger planes come under increasing attack from laser. powerful beams of land plus. trackers in the world in sixty minutes fortunately it's something to do in sixty seconds. just. catching animals computer hackers as mexican drug lords kidnapped. discussions over who owns the territory surrounding the north pole are coming to a point with russia planning to ask the u.n. to look at our borders as broad their request forward by two years as for other countries getting access to the arctic's natural riches. explains what the russians all about. striking gold in the cold yet another russian scientific expedition is making its way to the arctic ocean. will spend sixty days gathering

evidence like could see russia significantly expand its territory. this evidence will show that russia should be expanded by one point two million square kilometers that's ten percent of the country's current area at the moment russia's arctic area of responsibility is a sector stretching from the colo peninsula to the bering strait but it's what lies beneath the ice that's the big prize here if russia can prove that the ocean floor is part of its continental shelf it will be getting much more than just new territory according to estimates the arctic seabed holds nineteen billion barrels of oil a vast treasure trove even for russia. it's basically twenty. resources production is what this means for this untapped reserves of natural resources is tempting to all states with arctic territory russia norway denmark the united states and canada are all staking claims and all five are locked in

a tight race to gather evidence in support as some scientists warn that global warming could leave the region ice free in less than twenty years russia originally planned to file its claim with the united nations by twenty fourteen and moving the deadline up by two hears is a clear cut sigh the race is on and it's time to put some arctic muscle. car to moscow. discover more of our special reports on the arctic and launched sister channel r.t. . it's available on line and we're breathtaking pictures and analysis of the icy waters of the arctic seems the web addresses are to dot our team dot com. the report on laugh. last may's gaza aid flotilla raid by israeli troops nine activists died when commandos stormed a turkish ship delivering humanitarian supplies to blockade of palestinians the

scheduled release comes as more aid vessels try and reach the arab territory but last year's incident continues to drive a wedge between israel and turkey as powell's leader explains. today thursday is the deadline that the united nations gave itself to submit a report into last may's patella incident in which nine turkish citizens were killed while trying to break israel's blockade on gaza for the last few days as radiant turkish citizens have been meeting around the clock in new york to try and reach some kind of formula that is acceptable to both sides at the heart of the dispute is istanbul's insistence that tel aviv apologize for its role in events but so far israel has refused to do those offering instate we're grateful for the loss of life now the head of the commission jeffrey palmer has said regardless of whether or not both sides are able to reach some kind of prior mutual agreement he is issuing that report today tuesday and this has been an impetus for both the israelis and turks to try and on out their differences for reconsideration because most people do understand that if the report is issued with we can still be ation

it will be much harder for the reconsideration to be made at a later date now it is also widely understood that the report is likely to uphold israel's illegal right to impose a naval blockade on gaza but at the same time it is likely to charge the israelis with using excessive force now israel has so far indicated that it is prepared to pay compensation but as long as this doesn't create a precedent and open it up for food that such illegal claims policy are reporting there are news is updated around the clock at r.t. dot com let's look at some of the other features we'll find there now. detained for clapping their hands police violently crackdown peaceful protests marking a pansy in the capital a bell rope plus. for those who thinks the future is for them to meet the russian scientists offering to put burra live on ice so you can see it for yourself the details are at our t.v.

dot com. airliners are at their most vulnerable during takeoff and landing and now. now there is an increasing threat from the ground from a beam of light more than fifty planes in russia have had laser shell into the cockpit this year dazzling piles just when they need all their concentration got to enrich our reports on the police hunt for the whole gas behind a potentially lethal lasers. already in the clear proof that the dazzle of a laser in the eye can be a major distraction for food bill or christian or not to do it meant and. the consequences could be catastrophic if some want to stop get it while flying an aircraft with hundreds of passengers on board and blinding pilots by laser beams has become an increasing musa's in russia over fifty attacks registered since the beginning of the year. the latest incident was that this most. one the pilots of

a tupolev passenger airline a riving from istanbul were done as old by popple green light aimed at the aircraft by someone on the ground just minutes later and not that. lucky did nothing but fall but yet it's only a matter of time before that that little accident occurs to me we were going to during landing just a hundred meters above the ground when we were only a kilometer away from the runway as a result we were in danger of losing control the crew was dazzled in a catastrophe could have happened. in the worst case scenario pilots can land automatically but not full as props can land on autopilot and even if they do those in the cold feet need to remain in control and be able to see. the effect of a laser beam on a pilot can be compared to that of lightning it blinds you. potentially lethal

laser guns imported from china can be bought in russia for as little as one hundred dollars firing a laser beam as far as five kilometers they can burn through paper and even plastic in the u.s. sales of such devices are banned russian legislators are also considering outlawing them and toughening punishment for this offense though some are shining a spotlight on the police calling for more action the question was in court everyone's waiting for new laws so there's no excuse for police and action on the grounds of our current legislation is good enough is allows for the arrest and imprisonment of such foods for up to ten years in prison as of now there has been only one arrest in russia for intentionally targeting an aircraft with a laser with this suspect still under investigation attempting to down a plane by other means would be classed as terrorism public concern in russia is rising about the potentially equally serious risk from laser lots and their high

tech hooliganism it's in a grouch over our team sky. and mexico's partial drugs barons are adding another weapon to their arsenal computer hackers have been kidnapping them to force them to break into banks systems and leading computer anti-virus experts as it's increasingly giving criminals and easier right to stealing money in many cases cyber crime isn't garnished at all despite often. not less money than the drugs itself i strongly believe that if the drug dealers girl see that it's really become profitable opportunity to them to keep abuse in kidnapped or cyber criminals they will just keep following the same line. well mexico is also the place to go if extra terrestrials are what you hope to see it's one of the countries were there are a growing number of suspected u.f.o. sightings they are are to talk to a leading russian astronomer who was involved in

a two decade long project aimed at spotting the saucers. when. they detected approximately one found on usual phenomenal results only two which remained unexplained to this day the rest are either manmade or natural and some of them amazing you would not believe me if i told you about some of the things that were felt with the world because people didn't know such things could happen with no planes of that's true on for days or a missile was launched attempted by pass to be a passenger jet. there is a joke we have the fact that extra terrestrials are not contacting us proves that they exist and they're smart. next in russia closeout would take it to the gateway to save area.

we are in the oregon region which lies south of the maya are all mountains and is deceptive by the renowned trance a very young railway at slush landscape has made it a prime spot for russia's food basket giving it a rich agricultural heritage as hardline who are gone city one of siberia oldest cities and one of which is developing a new life for its senior citizens as a sound boy has been discovering. according to the last census people of retirement age at the fastest growing demographic here in russia and while in the west old age is often seen as a time to indulge in your hobbies to travel spend more time with your loved ones here in russia retirement is often perceived as the gloomy is lonely as and in economic terms the least secure a part of life well here in the core gone region the local authorities have come up with some innovative ways to on the one hand decrease the budgetary burden

associated with providing for the elderly population and on the other hand give senior citizens the love and care that they need here is our report. she may be eighty nine but the xander avon a man doesn't have too many happy memories to dwell on a loveless childhood or work color to youth a hard working adult life at twenty five she married an older man and devoted her time to caring for him they do have children so she always knew eventually she'd be alone most people used to ask me why i worked so much they would say you don't have kids why do you need money and i would respond if i had kids they'd help me when i'm old and since i don't have children i needed to work hard at least they would accept me in a retirement home yet her faith you could turn she could never have expected when alexander could no longer care for herself and was about to move into a nursing home a local family offered to adopt her overnight she received two grown up kids and

a granddaughter who seem to need her just as much as she needed them my mother passed away and we just couldn't come to terms with it we were really longing to how grandmother in the house her advice accompany another depression around this family's part of the senior adoption program pioneered in that regard to region six years ago the local authorities say it's a win win for all involved. senior citizens receiving family care and their doctoring family getting benefit payments in return. one hundred dollars a month may not seem like a lot but in remote russian villages where jobs are scarce any source of income is valuable you're still in those places senior citizen in a nursing home it costs the local budget between four hundred and five hundred dollars per month but they live with families is down to about one hundred dollars per person the economic effect is obvious but the most important thing is that

elderly people enjoy the comforts of family life yet despite its apparent all round appeal the program is still small involving only around fifty. and there is a cultural reason for it traditionally in russia elder care has been seen as a responsibility of family members being placed in a nursing home we still associate it with shame and stigma and it seems that the idea of living with strangers is not the easiest sell either. one dysfunction or joint believing that her mother their arrangement was it would be only for a year zainab is seventy two and has no children no close relatives and she's deeply concerned her deteriorating health will be a burden for others. like it here we haven't heard a single fight for them why should they care for me when they can barely move around i don't want to burden anyone. not doesn't feel there is a lot to celebrate about being all that helps her remaining time will be brief she

says at least now she has somebody to to talk. getting older is one of the biggest fears in the russian society on par with wars over terrorism natural disasters and crime and while in the west people are perhaps of about aging mainly because of the associated health problems here in russia aging is linked to poverty loss of dignity and loneliness. but at least put these two pensioners it's no longer the same old story. orat c. program the region. of resists up to date and the rates now let's see what's happening in the world of business you is here. hello that's right time to delve into the world of business sound green complained us want you to get even tougher on greenhouse gases what to set a percent to count in ten years it means europe some bishops to cut its emissions

and nuclear energy dependence open new opportunities for gas but johnson stern from the opposite is true for energy starters believes everything hangs on the price. i think that with the gas becomes more important your it will depend very poor be on how it is priced if it continues to be priced in the same way as oil and relative to oil but i think it will make some progress but not much because it will be too expensive and eventually renewable energy will be competitive with it if on the other hand it is priced in terms of markets then supply and demand the north to get can have a much bigger share at least in the short to medium term up to twenty twenty. let's not have a check on the markets oil prices barrels but barely last as investors always were leaders from the u.s. energy department to charles at the country's current stockpiles dropped two and a half million barrels last week and asian markets are mixed this hour the nikkei

is down utilities are the biggest decline this year about soft reports that nuclear power plants which have been offline since march may not restart the summer meanwhile the one saying this higher banks of the talk in the syria about softer china lifted its benchmark deposits and lending rates by a quarter point. and moscow's exchanges kick off around two hours from now they closed in the red and wednesday with the r.t.s. down point seven percent the losses so were mainly driven by banking and energy stocks. gazprom is considering merging its interests are generating business with another russian energy major i.e.s. holding. to create the joint company will become the country's biggest power producer with an estimated value of at least seven billion dollars. on market watchers expect the correction to continue throughout the day and give her a fan of her high from troika dialogue says investors will soon be back to russia strong fundamentals. maybe we'll see the condition of this correction but i think

in the general picture for july or at least for the coming two or three weeks of july more or less fine so russia marker story looks really interesting july inflation was all the usual point two percent that's actually the best actual number in last ten years then budget deficit will be probably less than one percent the capital outflow decreases dramatically so moch a picture of russia looks extremely well. russian or to make a gas curve has continued to put the financial crisis behind it it's increased sales twenty five percent year on v.m. follows five months twenty a lot and the results have kept pace with the current growth the current saw in two thousand and ten when it returns to profit boosting this news in the green to several volkswagen cars at its wanted you know which flies a few hundred kilometers east of moscow c.e.o. who understands this part of a prone to investment program. first we're very happy to have been picked up the

conflict many factoring before going on to that will require some investments so i can only we are launching a new war program some of it is already funded door paid for and then third we're working on the next generation goes up. that's the business for now but with more business news in less than one of those time so stay with us for that.