giant b. sky b. sure to go ahead his rival the guardian newspaper releases catastrophic allegations of amoral journalists and their shady practices that when the deal collapses the times for example which currently loses money you could have transferred some of the profits from. investing in the times and if you are for example the guardian or the daily telegraph you would welcome that it's not just rival newspapers who stand to gain from murdoch's empire crumbling the b.b.c. could retake t.v. territory lost to b. sky b. and the labor party which was wounded by years of relentless attacks by murdoch papers can finally take revenge but where will all this lead in. our. own. right this is the scene. we should be.

producing. all. this. you know good that would suit the government just fine the british press is famous for its shop teeth and no holds barred doggedness particularly where its own government is concerned prime minister david cameron has all but shut down the press complaints commission and already talks of statutory controls to govern print journalists back in springfield mr burns's thwarted as the townspeople opened up their own newspaper and he's almost right with his it's impossible to control the media as of rupert murdoch he is one beautiful man murdoch found as did mr perkins that you just can't buy all the the newspapers. is outside his control have

been gunning for him think it is and this time they may have sixty dates just as he gets set to consolidate control over a lot sex and if the case media markets the drug being pulled out from under him and it's only for the hidden scandal now revealed that the police have known about it for you know rabbits aleksey. well she's been hearing a hell of a culture of control by the murdoch media got out of hand brian a drawling who runs a t.v. network or social activists says there are parallels with some nations why the imperial ambitions we can make an analogy i think an international scale between what happens in take over so the united states and britain took over iraq and who do they bring the power who they employ they employ low moved close loans and i think that same thing has happened in the tabloids where we have them immense power in the against murdoch and a few of the other parents and who they hire what type of they hire not painting

every journalist with their brush but certainly if you look at whether it's on television where you've got paid verbal assassins like o'reilly and hannity and united states i don't know about britain. it's a whole culture of power and control and deception or an agenda and that gender i think it was their gender. both britain and the united states. well we've are more video reaction and analysis on the misery at r.t. dot com here's what else we have lined up for you there today the name is bloody murder discover why the russian prime minister has been given the bond of treatment on billboards in moscow also online. the creatures in crisis as a ferret a parrot and a monkey all its scape from a siberian circus seemingly because the bad summer weather is getting down more on

the furry friends in a fluster and r.t. dot com. now seven minutes past the hour here in the russian capital a drastic spending cuts are on the way in italy as parliament desperately tries to fend off a spiraling debt crisis it all bodes badly for the euro italy's finance minister even compared the currency troubles to that of the titanic but as a financial writer patrick young told us the government may find itself in conflict with a public that's dead set against cuts. there will be one significant difference between the people who take to the streets between greece and italy and that is that in greece at least thank goodness the taxi drivers don't go on strike where is nuclei expected almost everybody is going to end up on strike and it's going to be absolutely chaotic the only way they can slip this through is perhaps because we do

have this long lead in time until the cuts really start to make an impact in two thousand and thirteen but i think the problem is in the meantime a large amount of the sort of the leftist opposition in italy for see the fact that silvio berlusconi due to many of the reasons most of which are outside of the direct fiscal reasons are well i mean he's a wounded animal at this point in time and in some ways i think that he's going to be finding it very difficult to hold his government together there are big problems in western europe they haven still be here definitely to the east everyone not so fortunately expect further to the crisis because the epidemic the contagion seems to be spreading and we have new political leadership seeming to do with it. in today's edition of cross talk people of ellen is gus discuss why the e.u.'s leadership is so adamant about saving the euro but any cost here's some of what's coming up shortly here on out saying. let's go bankrupt it would be good for greece

it would be good for the europe it'd be good for the world if greece went bankrupt and rushed to see how to pay their bills or stop a lie then you would have everybody would know it's a strong sound currency based on a strong sound economy why not let them go bankrupt listen in our euro in america we've had states go away grow here in cities go bankrupt we've had counties go bankrupt it didn't in the united states and it didn't in the u.s. start i'll tell you why because of the four hundred billion dollars a debt that greece has fifty percent is held by german and french banks and those countries don't want to take a second in the financial markets it's that simple. and there are clear reflections on the other side of the atlantic as well president obama has given an unyielding u.s. congress thirty six hours to raise the country's debt ceiling deadlocks already

spurred two of the three major credit rating agencies to threaten downgrading america's aaa status but investment analyst max wolff tells artsy that washington's addiction to debt is clouding a both sides appetite for a real solution. america's been running on debt for years this is a disaster in the making and i would liken the situation here to a cancerous tumor inside a body there's no better time to cut the cancerous tumor out as quickly as you possibly can that said the u.s. government has been running on debt for many many years and we've been raising the budget the total debt ceiling for many many years as a budget issue and we've successfully had deals struck it has become the political norm in the united states that whatever party is in the white house has to ask to raise the debt ceiling it's always been raised in the past the party that's not in the white house that's out of power screams and yells for three or four days at most usually about how the government spending too much and should live within its means the debt ceiling demand gets raised and it's business as usual that's been

the case for thirty years so we have one side in the congress right now that's the cited no increase in revenue is acceptable at another side has decided that not raising revenue is unacceptable and so we've reached an embarrassing impasse that has dragged on for weeks longer than it should and is the reason that we're going to see the growing chorus of foreign and domestic voices urging congress and the white house to stop riling already strained global markets with a political impasse without a life from moscow despite treaties and agreements to the spread of nuclear weapons governments keep investing in perfecting their arsenals and for some activists the danger will remain for as long as people remain apathetic so let it today. programme our special report tells the story of a citizen of crusaders who hope to sound a wake up call for countries refusing to relinquish the nuclear.

going the way of the soviet union many people thought that nuclear weapons disappeared. something might be going off by mistake especially with the weapons on hair trigger alert. of the victims to use it as it's great. but you know if you keep spinning a trillion dollars a year on weapons of eventually you're going to blow everybody you know people are dying from these weapons but until we actually see if people don't wake up to. the firepower of the second world war this. is the equivalent. of the world's nuclear arsenal today.

welcome back you with arrest warrants have been issued for the captains of two vessels which passed by the volga river cruise ship without stopping to help survivors they will reportedly face negligence charges it comes just a day after two people linked to the disaster arrested the head of the. of the ship suspected of violating safety regulations in. russia. killing at least one hundred fourteen people including twenty seven children. to be brought to the surface within the next few days. as we were nearing the site we began to figure out how many people there were in the water was hard to do because there was a lot of rubble floating around as well it was very hard to pick guard individual people from florida. some people were in dreadful condition i mean you were injured

there are oil all over their skin because when the ship sank the fuel oil came up to the surface and spread everywhere and covered the people that made the rescue even harder because the oil made the victims greasy and hard to get a hold to pull them on board sheen children in that condition that was particularly heartbreaking the full interview with the captain and many in the country are considering a hero is online right now that are to talk. the u.s. may want to be seen as the world's human rights advocate but at home it faces growing accusations of hypocrisy thousands of professional torturers have reportedly been trained over the past sixty years with approval from the department of defense. for thought out it's ready to export its interrogation expertise. it's been thirty years since colombian soldiers kidnapped oh be starved and electroshock tech there out east peace about all for having a quote subversive book. but it's

a memory he relives every day few people have survived torture in cologne that's why i'm very lucky to be able to tell the story most people get tortured for ten days and then they get shot and kill many have been disappear hector says the colombian soldiers who tortured him and later killed his brother. and were trained right here on american soil at the school of the america and for benning georgia army major joyce of blair was an instructor there i was very much in favor of the school of the americas during the cold war era but major blair says he was horrified with what his former students did with their anti-communist training in their own country the classified. army school. used the words terror again next door assassinate. commonly. you know all the waits for. graduates from the school of the americas

have been implicated in massacres and torture throughout the hemisphere of the more than sixty thousand soldiers and police to have graduated ten thousand of them have been colombia has been the largest user of the school of the americas and i don't think it's an accident the. abuse of human rights in that with some hemisphere the eighth amendment to the us constitution forbids torture and other forms of cruel and unusual punishment as does the geneva convention but they did happen there's no question that our country not only engage in torture it's sort of put toward others how to do it we also rendered people we also sent people to prisons in other countries where they were in fact torture there although congress demanded more oversight of military training programs and inter. investigation by the government accountability office showed that school of the americas manuals advocated using quote torture truth serum blackmail and execution the pentagon said it didn't know what the manuals contained because it staff advisors assigned to review them didn't

speak spanish united nations special repertoire for torture one mendez himself a survivor of torture says a lack of transparency in the u.s. led to further abuse in the eighty's unfortunately. the military aid and police aid was restored and after that it's been difficult to document to what extent that includes teaching. techniques that are prohibited by law or by international law it's a legacy that sharply contrast with the u.s. rhetoric about respect for human rights abroad torture survivors and religious leaders in washington d.c. have come together to demand a full commission of inquiry into what they describe as torture practiced or enabled by the united states including in its own prisons like one time obey and by the cia when president bush says that he waterboarding and he would do it again. and he said damn right that he had ordered it. so you know it's a very serious problem for the spirit soul of our country as the myth of how many

prisoners were tortured by the united states are hard to find but survivors like hector's say the numbers don't tell the full story when someone gets torture not only the person who so first torture has to deal with the big wouldn't because of those on the torture it's also someone who has to be humanized themselves in order through the human eyes and all of human beings but a society that supports torture is going to pay a price a very big prize as well killing for the r.t. washington d.c. . u.s. expands its terrorist network abroad there are no reports of secret prisons in somalia the sites officially belong to local security forces but iran paid for by the. journalist in germany scahill says that he's visited the person's outing but america's mainstream media makes it hard to report on what's really going on. inside this dungeon prison there are no windows there is no sunlight there's

a bedbug infestation according to prisoners who have been there mosquitoes all over the place the air is thick and disgusting some prisoners are said to be losing their minds there are also reports from prisoners that there were very young boys inside of the prison some people have been held for eighteen months without charge without access to lawyers without access to the red cross in fact the red cross told me that they were not aware of the prison and that they have never been given access to it i know for a fact that journalists from several major american news outlets were aware of these facilities in mogadishu and it's for those networks to answer why they've never reported on it both c.n.n. and a.b.c. have allowed their facilities their media outlets to be used as conveyer belts for the spin of the cia and that's the job of the cia and they do it well but the job of major media outlets should not be to be a conveyor belt for the propaganda of u.s. intelligence agencies so i would leave those those questions for other media outlets as to why they're not reporting on this very serious life and death issue

that has to do very much with the rule of law in this country and whether or not there's been any change when it comes to respect of international human rights laws and standards just turning twenty minutes past the hour now here in moscow you with us check out some other world news for you in brief the pentagon admitted suffering one of its largest a sucker attacks with thousands of sensitive defense phone stolen deputy defense secretary william lynn says all the data was taken in a single intrusion in march officials blame an unspecified foreign government and comes off the revealing a new internet strategy which treats cyberspace as operational terrain like land and sea. senior officials from some forty countries are meeting in istanbul to discuss libya and to try to find a political solution to the five month long conflict they will assess the road map for peace in libya as proposed by turkey meanwhile thousands of pro-government libyans have rallied in the town west of tripoli to express support for colonel

gadhafi and to demand that nato stops its military campaign. revolution coalitions across egypt are taking to the streets to protest the interim government's performance since the uprising threw former president mubarak from power that demanding be immediate departure of the interim prime minister and establishment of new democratic institutions coalitions hope to bring a million people onto the capital streets after friday prayers. are that's all the news for now but i'll be back with the headlines straight after the business update with dmitri. thanks for you hello and a warm welcome to business r.t. russia's largest bank is expanding into europe sperm bank has agreed to buy the east european units of austria spokes bank international for up to eight hundred forty million dollars the first acquisition of its kind by a russian bank the head of those burbank get explains the reasons for the deal.

it's our first step towards transforming spira bank into a global bank the decision was made based on our own bishan to make five to seven percent of our profits from overseas operations by twenty fourteen the bank we were buying is in the fast growing global central and eastern european region we see the acquisition as a springboard for further expansion into europe. well i did talk more on this we're joined by richard haynesworth general director of rust rating richard thank you so much for being with us sir is it a good deal well it's certainly an interesting deal. in terms of the synergy of spare bike moving into a different market going beyond the borders of russia. although we know that he has got banks in other parts of the world these banks such as what used to be called moscow in their opening bank or euro bank in france these were banks that

were remnants of a soviet banking system. one or two of the commercial banks did set up banks outside of or outside of russia before the crisis and treaty b. has recently set up branches in vietnam and in shanghai but spirit bank did not have much outside of russia so it's playing catch up basically with the t.b.'s not playing it's not playing catch up but in a different sense because what it's done is it's gone for another growing market which is eastern europe to some extent one could say that eastern europe is a bit more like russia x. soviet union the markets in which we t.v. is working but could actually as burbank go further and to compete say with german and french giants. i think that that would be difficult certainly if you're looking in the long term perspective so ten to fifteen twenty

years then that's definitely where they're aiming at but initially what they will have to do is first of all consolidate their management and their whole team to be a multinational multicultural park as opposed to being simply a savings bank in russia by the way do you think there's a risk for suburban because a lacks the experience of managing an international bang. it's always a risk in any takeover than any acquisition but there are going to be cultural differences between the buyer and and what is bought we also see this between spirit by contract a dialogue. spare bank is just bought there are bound to be differences these differences are showing up people have left. but on the other hand spear buying wanted to take him in order to change itself so buying a piece of an east europe of what essentially was an austrian bank but there you

east european area it's buying in expertise that it didn't have so it does make sense there reason the opportunity for expanding further if they can get this integration process well european banking is actually right now troubled with its exposure to government debt do you think the timing of this deal actually makes sense i think it's absolutely perfect for spare bike because in a sense they're buying at the bottom of the market. what we don't know yet what the results are of the stress testing for. they're due out today but i wouldn't be surprised to find that folks buying. was in a position where it was more in favor of getting rid of this unit than keeping it which means that the price would have been lower the price would have been lower on the side of faults but so spare bank is buying in at

a good time. it doesn't appear that there are too many problems left in these chip or in your regions but it does give it a footprint in the european union which then will allow it to open branches in other parts of the european union so it's a sort of toehold from which you can then spread to other countries all right richard and so thank you so much for your comments and for your time i was richard . director of research with us in the studio thank you so much. all right we have time to take a look at the markets to start with europe and markets there are down in the hesitation for traders they remain cautious ahead of the release of these bank stress tests as we mentioned the results are due out later this afternoon so footsie is down two point one percent driven by mining stocks in russia pretty similar picture no long positions as you can see there mostly head of the weekend r.t.s. is down and basically point one percent my six pretty much the same amount look at

some of the meno market movers and with banks looking actually positively to be up to one point two five percent the at the bank is sorting out right now its purchase of the bank of moscow and there's a lot of volatility in that stock as burbank getting some support from from the news that is acquiring the east european. unit of international therefore it's up three quarters of a percent at the moment so gross nafta's down point five percent as well prices are declining slightly at the moment. and europe today join my colleague mary the closer she'll be here in fifty minutes time to bring an update next with lots.

culture is the same olympics fear is coming to exist in the real estate the currency crisis european finance ministers central bankers and politicians remain at odds on how to rescue the euro as pressure mounts. the it is. just simply the best

spanish. it's. mission three couldn't take three. three. arrangement three. three. three. three blown video for your media project a free media. wealthy british. margetts. find out what's really happening to the global

economy. media mogul rupert murdoch is on the offensive. even as the f.b.i. moves in over the possible phone hacking of nine eleven victims. and the e.u. scrambles to cut spending. it's the greatest test yet for the leadership's efforts to keep the wavering currency of. america's. rising uproar over the us training and exporting a brutal interrogators preaching human rights to the rest of the. people of. the e.u. has enough financial firepower to save it from ruin you without.

hello and welcome to cross talk i'm peter lavelle a currency in crisis european finance ministers central bankers and politicians remaining on how to rescue the euro as pressure mounts for another greek bailout and investors worry about italy is the euro a dysfunctional currency and who will ultimately foot the bill. came. across not the eurozone crisis i'm joined by dennis gartman in virginia he is editor of the current letter in single parent we go to jim rogers he's an author and financial commentator and in washington we go to sherry's eyed raymond she's professor of international business finance and international affairs at the george washington university all right folks this is cross talk to me and you can jump in anytime you want there are different points of view here like to hear me dennis if

i go to you first i i asked the question before we go to the you the facts of that are at hand with the euro i posed the question is it a dysfunctional currency what do you think about that. i've always thought it was a dysfunctional currency i thought quite honestly that the only reason the only rationale for the euro to begin with was was to do something on the part of the northern european countries to tie the great german giants down with as many bureaucratic ropes as they possibly could they have done it to this point i think it is an eminently unsuccessful attempt i cannot imagine that that german is working as hard as they do as many hours as they do saving as much money as they do find anything in equal nature with the greeks who were simply don't work as hard as they do don't save as much as they do and avoid taxes like they do so quite honestly i think at the core at the edges of this cloth the threat is being.