the movie going to join t.v. shows the i love you that's a great way to go to the grand imperial truly the george west coast coromandel you can go with such will close the show which i see don't need to go publicly and rather said the colonel was her job as a retreat. for her murdoch's media empire abandons his bid to take over britain's largest satellite broadcasters a frenzy over newspaper hacking consumes politicians and police. america's thread through the credit rating cut amid stone wall budget talks and says italy is the world's eight largest economy scrambles to avoid going down the plug hole was greece. the official death toll from russia's pleasure cruiser disaster rises to one hundred seventy people as divers made a final attempt to find those still missing. the owner of the company that brings the gold daria for its final voyage under state shipping out spit it said it was

fit to sail i've been arrested will bring you all the details in just a moment. one pm the russian capital you're watching r.t. with me reading joshua welcome. sinbad media empire news corp has announced that is dropping its bid to take control of britain's largest settle i broadcast or moves into hand to hand off public outrage over allegations that several of his newspapers were engaged in rambam phone hacking scandal has grown to include the british government and police officials who stand accused of complicity and corruption across the atlantic shocked us senators are calling for a probe into allegations that nine eleven victims were also targeted by murdoch's newspapers but his art is lore and it reports the media moguls rise over that decade. it's after applying of warning signs over what was to come. rupert

murdoch's push to expand in british media has come to a halt public and political rage overthrown hacking the sports news corp to drop its bid to buy satellite broadcaster b. sky b. but some say he's already killed the british press and they were saying it's far back as nine hundred eighty one that's when he went on a media spending spree and bought amongst others the world renowned times newspaper news international has been playing a toxic part of our public life for so long but it worked under his ownership circulation just kept on rising in a market that killed authors and sky t.v. a loss making and obscure satellite network rocketed to become the biggest player in the u.k.'s pay t.v. markets i do admire rupert murdoch because he's a risk taker when he bought the times and sunday times of london the newspaper

business was absolutely in peril in the u.k. mostly because of the unions and because of some other economic factors he turned that around. basically there are people who will say that he saved the newspaper industry and london because of the whopping revolution imaginative search but now it's clear that success came with a heavy price tag morality murdoch's journalists kept the ratings high by violating and exploiting the vulnerable they hacked the private voice mails of families of dead soldiers and murdered children a century we've seen criminality and invasion of privacy on a staggering into scale not even the rich and powerful could escape then chancellor gordon brown's baby was splashed over the front page of the sun his illness a sick headline royal family phones were hacked the scandal even goes right to the heart of the police force senior police officers were bribed. lists for tipoffs on

sensitive investigations private lives were made public now we've got. to be somehow to gordon brown's private life you have to so you have to start wonder what else is in of course the who is not just going to use what we call blanket use of people to train information from what should be private sources medical records. is taken thirty years to the worst fears about the british press to come true come true they have murdoch may own successful newspapers in an ailing market but their papers which have lost their greatest asset the public's trust the u.k. has more c.c.t.v. cameras per person than anywhere else in the world i've counted eight just in this small carpark so preston's always know big brother is watching but the question now is what's big brother watching for and more importantly who's trying to bribe him

you are at it hearty. but don't forget you can have your say on the scandal on our message board r t dot com the question is has never heard of sensationalistic rushmore profits undermined the public's trust in british journalism here's some of what's being said one poster believes that this has job of the public's trust and will result in the break up of murdered stronghold on both the british media and the government and other believes that modern journalism has settled by subjectivity you for the sake of sales i want to have your say on the issue right now. what you are to live from moscow still have for you this hour and israel's prime minister has to step up and the fans of an anti boycott bill which aims to support settlers but has been dubbed an affront to democracy. to india were the huns other way to find those behind three deadly blasts in mumbai

just what were the terrorist targeting. the same credit rating agency that sparked fresh panic in the e.u. has now spread in the u.s. moody's says it's reviewing america's top aaa debt rating for a downgrade citing the political bickering that's deadlocked budget negotiations in washington and even if the budget is approved it's unlikely that it will offer a solution to america's debt that's according to investor and co-founder of the quantum fund jim rogers. u.s. rating should have been downgraded years ago you know i don't know why they're just now getting around to it but we know that the rating agencies don't have much of a clue about anything blued is trying to save itself why didn't they count great portugal three years ago five years ago or greece you know they're just getting around to reality it's like the sub prime mortgages they didn't downgrade anybody until it was already over they had many people who were going bankrupt writers aaa this is political posturing and nothing more something will happen they will

announce some kind of deal it will look good on paper and maybe they will even be good for six months or so but six months from now a year from now it's going to be the same old stuff we're not going to have much progress in the united states is going to continue to go into a crime we have in the united states is the largest debtor nation in the world and it's getting worse it's not getting better they have to increase the debt ceiling for the moment there's no question about that their choice though for the future is they've got to take an x. no they've got to take a change so to government spending and do something about it they're not going to do that they've said they're going to say they're going to do it but they're not going to do it they might announce they're going to do it for this to get the budget ceiling passed but it's not going to have any effect the public should be very worried because america situation is dire and our debt is going up and we are in the arctic lying standard of living is going to get worse we should be worried about that. and we also heard from american economist and radio house richard wolfe

who says the u.s. economy isn't really serious trouble and the political deadlock over that part of could make the situation to a worthy yet. the american government can't pay its debts for a few days and that's the most that will happen it will do a very bad job on diminishing the credit of the united states in the world economy at a very dangerous time to be brutally honest neither side neither the president the democrats nor the republicans are facing the basic issues of this economy we are in serious trouble we have very high and persistent unemployment and what we are doing is arguing over the technicalities of the debt ceiling that is going to be changed and raised as it has been every other time this theatrical drama has been rerun and meanwhile our political leaders are not dealing with the underlying problems we're facing an economic situation that is more dire than any i have seen in my lifetime

of being a specialist on the american economy and i think we're seeing a growing alienation of the american people from the whole spectacle as they watch their real situation deteriorate and nothing really is being done. well the same time the currency crisis gripping the e.u. has taken a turn for the worse is italy spurred by a string of ruinous market downturns begins to debate emergency spending cuts at two trillion dollars the world's eighth largest economy has been struggling to remain competitive since joining the eurozone but its debt has spiraled out of control a fact overwhelmed by mammy amid the more pressing problems in the e.u. it follows a downgrade of violence dats to junk status serious blow to the euro zone as a bailout gridlock laborous to prop up its weakest economies u.k. e.p. paul the tarp told r.t. the latest developments prove the single currency union is simply not working. this

was always about politics it was not about economics the idea that you could have economies in the mediterranean in line with economies like germany france growing economies like germany was never going to work the only way to get out of this mess is for those countries to go back home to the international court and sees the value of moving. on to exports going in at the moment because he's there because they couldn't see the controlled by front for the fall by the european central bank and not controlled by athens or lisbon or even probably from the people out on the streets and i phones i just wonder how long it will be before the people i was with in rome. this thing is contagious this thing will move right across the continent specifically in the mediterranean and the bigger issue you know freezing the european union is really it's really is the third largest economy in the least largest economy in the world i think the eurozone can actually cope with greece and portugal dishwater economy if italy goes the whole thing could cave in because if

italy goes. into triumph with spain and of spain and we go then we are in serious trouble. and as a dad plague sweeping the e.u. spreads to italy artie's mass kaiser's days or are discussed whether the countries gold reserves my. making it a bigger target the kaiser report is coming your way at thirty g.m.t. and here's a preview. four hundred tons of gold. the second biggest position in the euro zone and that's the mother lode i think that's been the target all along the green . all those are side shows there are little micro countries not much of a deal there but italy's got actual gold at the i.m.f. and the people who support the i.m.f. the terrorists as i mentioned like eric cantor they're helping to facilitate the feeding of that twenty four hundred tons of gold because that is meaningful.

divers have lifted two more bodies from the or watery to the sunken pleasure cruiser the bulgaria it brings the official death toll from russia's worst ever boating disaster to one hundred nine now meanwhile police have made the first arrest attending the owner of the company that rented out the ship and the person who certified it sea worthy artist is out of sight for us. the first two arrests have been made in the ongoing criminal investigations but first is in new york and she's been arrested because she was the owner of the company that rented evolve garri a pleasure boat for its final cruise and it's thought that she may have no know about the poor condition of the ship but when she made that decision to rent it the second is yaakov if a show of here's a state shipping expert and he cleared the ship as fit to sail some time ago and it's thought that he may have been negligent in making that decision they will stay

in detention for around a month to be questioned and then the case will go on from there in the emergencies ministry here on the volga bank and the divers that are going out to the platform above the sunken gold carrier they say their final effort is going to be made now to try and recover the lost toddies. from from the ship and however there may be some complications with that they're hoping to finish sometime later today possibly around midday but they think that they've searched most of the ship now and they haven't found all of these bodies so if they're not on the ship they may be in the water around the ship a worst case scenario maybe this some of them when the ship sank people may have unfortunately drowned in their bodies being carried by the current to worst estimate up to two hundred kilometers downstream so the search area may have to be

increased for them but they're hoping to finish this search so that two special ships that have come up from borger go out further down the river can start the operation later on to try and raise the ball carrier from the bottom of the volga and when they can see the ship up in the open air they can try and work out why the ship sank and why it sank so fast leading to so much tragedy. tom barton reporting there for us and we've got more on russia's worst boating accident on our web site log onto our team dot com to watch the footage of the recovery efforts of divers on the volga river there's also an interview with a former captain of the doomed ship says it was in no condition to sail long before the sinking. to other stories now india authorities have declared a state of high alert in cities across the country following three coordinated bombings that hit mumbai seventeen people are confirmed dead and over one hundred

injured no one so far claimed responsibility however investigators say that a domestic terrorist group the indian mujahideen my being involved it's the deadliest terror attack in mumbai since november two thousand and eight when ten gunmen carried out a three day raid pulling one hundred sixty six people from oregon out across live to new delhi and speak to research fellow in seat of conflict management kamar singh thank you very much for being here this mr singh now unlike previous attacks so no one's going to claim any involvement so who do you think things behind it and what are you trying to achieve. this is the handiwork of the elite he backed by the indian mujahideen activists because under pressure from the us pakistan is not in a position to get directly in birds in the terrorist act in india but that they need the support of indian mujahideen and since indian with still has the capacity

to provide the largest export they don't have the support they don't have the capacity to carry out better acts at their own because their top leaders are at large there not enough to go at their own riyadh but another what is in karachi in the safe house of pakistani establishment it is difficult for them to carry order their own so it is the entity back operation will cooperate and will are called straighted by the ira the reason being it's the use of ammonium nitrate because that is the one of the. tactics used by the i am a year on also another is the date choosing that is thirteenth of the month i and i started most of the attacks on thirteenth or on the twenty six there is only one doubt that it is not and you have the i am is because they're not send an e-mail

which they have been using in the past but still. most probably this is the out this is the act of data done by none other than a lead you back i am operating eps. missing after the two thousand and eight a task india and pakistan broke off peace talks and only recently resumed them and the investigation is still going on as we know but if pakistani militants are proven to be involved again what reaction would you predict this time. in fact whenever there is a peace talks. there are chances of these proof being on the pakistan military. try to come and some world the peace talks it is not for the first time but to blame the peace talks for this or to see that it is because of the peace of the militants are doing search it's not going to be precise and this is not the

precisely the most important reason in my mind is the feel of the indian government to stop these terrorist groups acting so frequently and this video out any problem and and call that matter in my opinion the most important thing called the indian in sic security establishment is to strengthen the intelligence bill and i don't mean id but intelligence section because it is the local police which is free to give the best of the intelligence do we have the we had intelligence i've been to i ve had provided the other intelligence sources have provided that we have that there might be attack in mumbai or called parkour delhi but they begin to have a specific in course unless and until we have this specific inputs these attacks will go on and this starts underpants you might relate them but it hardly matters

whether there is a car or not paralysed whenever division they can act and this clearly shows the failure on the part of the indians and on the part of the security stubbins in india. come arsing research fellow from the inside of conflict management thanks very much indeed for sharing your years with us here on r.t. . now russia has proposed and new stand by step strategy towards iran's nuclear program the idea suggest making limited concessions to tehran if it goes along with the demands of the international community a statement comes ask her talks between the u.s. secretary of state hillary clinton and russia's foreign minister sergey lavrov during his visit to washington the two also touched up. hardly be in camp a with russia has less disagreement on the matter whether you ask than with some european countries or brings us more on this visit. with regards to leave you both russia and the us have the view that colonel gadhafi must step down and that leaves

should be able to choose their future leader it's the path towards those aims that moscow and washington disagree on the world russia criticizes the scope of the into the foreign intervention in libya possible sees the actions of the allied forces the forces there is a violation of the un mandate minister lavrov said the resolution is being wrongly interpreted as anyone can do whatever they want foreign minister lavrov who was also asked about why russia is blocking a u.i. an initiative to condemn the syrian president assad he said the attitude of the west is exclusively about exerting pressure on one of the parties namely the syrian government and present all side of moscow sees it as sees it as the wrong attitude russia says it says the wrong message to the syrian opposition prompting them to believe that if they were the main is system then the situation keeps getting critical the west will come to help them the way it is happening in libya mr lavrov said it's unacceptable that the opposition would resort to violence agitating

peaceful protesters into engaging in armed clashes and if actively turning them into a carcass for the police and security forces take a listen there is a. diplomacy exists not to condemn and score political points diplomacy exists to solve problems and make it condemnation without proposing any solution to any breakthrough either in syria nor in any other place there is a good example of how we are all dealing with the situation in yemen no one's true posing to condemn anyone or in talk to the u.n. security council resolution supporting man or another signs everyone has to choose sites to shoot down and hold negotiations dance a responsible approach that we hope will prevail. all three more about their agreements reached during her visit to washington logged on to our website r.t. dot com along with other news medias and blogs here's a taste of what's white right now. and find out why a monument to the first man in space you're a good guy and will be unveiled

a riot out the very heart of london. and it's a happy ending for this cave boa constrictor which brought fear when i was last in russia city of polling wrap dot com to learn how the two meter long snake slipped away in the first place. it was a turbulent session in the israeli parliament as a prime minister himself had to fan a new bill outlawing consumer boycotts of products from settlements on occupied palestinian territory ally imposes high fines on boycott organizers and allows us to sue them for compensation opponents have called it a blow to israeli democracy and freedom of speech and peace movement called ghosh om has petitioned to the high court against a new law the bill has pushed the already distant possibility of peace talks with the palestinians even further away and that's the view off. a spokesperson for the solidarity movement. obviously this is not only known to democratic law but it's

also shows that in a sense in a very deep sense the settlements already lost a large bird to their religion the race issue and both in the international community and the newsroom because that is the only view that is the only reason why you need to search and search such petitions as the boy that petitions the current regime in israel is not really interested in promoting a very. this move is not only another bash in the face. of the chances. to reach a peace accord but also. a very strong. diligent unwavering. israeli peace that is fighting for eventually just such a short. time after the business of date was made to stay with us.

alone welcome to business the markets around the world are coming under renewed pressure over fears that the u.s. could lose its top notch credit rating moody's investor service is frightening to downgrade the u.s. due to political deadlock over raising the state's debt ceiling and to join me to discuss this issue is the lie of senior analysts from our investment bank is going to thank you so much for being with us so let's just imagine a political solution has not been found in two weeks or even free do you think moody's and standard and poor's will actually go ahead and cut the credit rating for the united states. well thank you very much to me well i believe it's very unlikely. a major reason is down. the fact that the behavior you just heard supposed boundary us by the meter july this is the time where the consensus reached well as we know now it's just been delayed and it's the next step the next

summit is for for the next for this weekend. for. you here just as i just waiting for the final decision to get me which is likely to be maybe in the near term you know what here hypothetically actually this decision is not made when they're forced to to make this cut or not. well if that will happen we need to point to analyze and we'll have among the financial markets obviously you're talking about one notch downgrades from some from double and triple a to double a that will result in three to five b.b. rises and c.d.'s and took the stand and decline into treasuries the rest was. history. german bourne's now the safe instruments and i was going to come early to this by sending in dollars. it's all depends on their actual decline in the ratings which people have happened we have to see how they feel we've been through

the crisis and the ratings were left unchanged if they're cut right now or soon or later what could be the consequences for the markets for the global economy. well. if the pick of the country will be downgraded all before trying you referring to. when we're talking about the united states. here i'm talking about the going great right yeah i think about the actual downgrade. and then once again if it depends on the level of downgrade if we're talking about default obviously you know carlos is for the five hundred financial markets again stance just boom boom scenario which is how we can have a physically imagine. particularly just doesn't make sense right isn't there from the investor's point of view we're seeing debt problems in the united states we're seeing their problems in europe does this make emerging markets such as russia more

attractive. well it does a man to them i tried to from the credit perspective obviously because russia is one of the least leverage countries industry and the don't just say it's an emerging space and given be a commodity dependence and just ask just like to continue to grow this is obviously one of the most attractive investment it's obviously europe europe asia led by japan and us most of which i believe is the truck to. therefore in that sense from the from the british perspective russia is very much structure but obviously on the global scale our margin markets are guided by the. would be free which is the u.s. europe and japan so all eyes. on their balance sheet. where they come from the school come to the consensus all right just one final question is going to right

now in this time of uncertainty where do you put your money to make it to make sure that it's safe. well i will say gold. keep your cash on the mattress was on our right to live senior and this from a bank thank you so much for being with us. thank you and i'm afraid that's all we have time for this hour we will be back in fifteen minutes time with plenty more plus the latest market schools you can also logon to our website going forward slash business headlines are next.

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