it's time. for the. markets why not scandal. why not what's really happening to the global economy is because a report on our team. of thirty countries including the u.s. officially recognize the libyan rebel council as the legitimate governing authority reiterating the earlier calls for gadhafi and his family to give up power. public outrage in italy the later is e.u. country to be hit by the financial crisis as its parliament approves not stir if you can't see it in a bid to stave off the threats of a bailout. and as the u.k. phone hacking scandal puts the future of the murdoch media empire at risk the questions arise as to why it's taken so long for action to be taken at this point police knowing about many of the allegations for years.

with news and comment from around the world this is r.t. live in moscow with you twenty four hours a day the u.s. along with more than thirty other nations has decided to recognize libya's rebels as the legitimate government of the country but maybe and contact group convening in turkey is also words colonel gadhafi to give up going to church car and has more now from our washington bureau. hillary clinton has announced washington now accept the transitional national council as the legitimate government and governing authority of the leading people and diplomatic recognition of the council means that the us will be able to fund the opposition with some of the more than thirty billion dollars think about the regime assets that are frozen in american banks but it's not only that the obama administration has provided overwhelming military and political support for this transitional council the head of the council has recently traveled to washington to show his gratitude asked for more support

analysts say it's no surprise that he's being propelled to power to leave by washington who has studied in the u.s. for years he has taught in the u.s. so he's quite well connected with the united states but how often comes with strings attached and some say the leading opposition leader is sure to get instructions from washington on how to return the favor so to say but some experts also point out that in an attempt to propound certain people to broward the west supports the rebels and the rebels are not a homogenous group there are all kinds of people there are some radical elements as well a former jihadist who we now see is. the thousand says he estimates one thousand we had is are among the rebels in libya one leave in rebel commander has openly admitted his fighters have said even a us military study three years ago said previously that the second largest group of jihad is seen in the world right after saudi arabia so i don't loose say the support for this very diverse group which is the libyan rebels could backfire but

washington doesn't seem to care as long as they have some a loyal they're empowered to deal with. groups of friends and the director of an organization called americans concerned for middle east peace told me earlier it's just another dangerous case of the u.s. misjudging going to. it was a questions about who these different factions who are arguably now are fighting among themselves for power in the in the east what walter might lead be their relationship with the americans who have a often a long history you know of misjudging their allies and getting themselves involved but i think all of this is because nato cannot accept or afford a defeat nor can the white house so they're using the stumble conference to mock some eyes mark some eyes pressure on the khadafy government. and as we've heard the official recognition of the rebels could see the u.s. give them thirty billion dollars a candidate half is frozen assets and mccalmont and more than history lecture it

oxford university says that past experience shows the money the u.s. hands out often ends up in the wrong hands. huge amounts of cash were deliberately rather explained where they went to and it does seem like quite a lot went into his local herm's without her it was he was also back in her hands or somebody americans him or. so it was a danger that according to the made a profit in the way he was for libya and where he's from a crime scene in some way is. simply a way of repeating the rebels are being taken on trust no real order to. how to have a money and if one has been given out is it really going to the libyan people or the ground some groups of people who are in so many. sure. ask. you with r.t. here in moscow still to come this hour when passing by becomes

a crime because two boats which are the site of the volga river cruise a disaster but didn't stop to help are facing arrest. and torture torture on u.s. soil we investigate how the country which talks of its record on human rights is accused of training people to brutally violate them at home and abroad. italy is bracing itself for a tough round of belt tightening after its parliament gave its final approval for harsh austerity measures as part of efforts to prevent the further spread of the eurozone debt crisis which italy's finance minister has compared to the sinking of the titanic patrick nymphet who's a professor of applied economics a cardiff university told me here in r.t. that if the budget cuts don't work the e.u. countries are not going to bail out easily. euro's rich countries like germany and france particularly germany are not really willing to pay the bill for the very loud soft countries like greece and portugal and then if the

risk of the default is seen as rising in the bigger countries like spain and italy even less able to pay the costs of the debt servicing that's needed and so there's no bailout really in prosperity by these rich northern countries and therefore the other countries have to think of some way of getting by and that's going to be default there was never any question that one of the reasons why it might be in germany's interest to bail out greece is that it's if it doesn't it's going to have a banking crisis of its own and will have to bailout its own banks but i think that the judgment of the taxpayer is they'd rather bail out their own banks if they have to then keep on giving money to greeks who may never get to give it back to them. and in states crosstalk put in a van and his gas will be discussing why the leadership is so adamant about saving the euro at any cost to sort of what's coming up in just over twenty minutes for.

greece go bankrupt it would be good for greece it would be good for europe and be good for the world if greece went bankrupt and roll out of the pay their bills or stop a lie then you would have everybody would know it's a strong currency base or a strong sound economy why why i want to go bankrupt. in america we've had states and cities go away grow up we've had counties that are very corrupt it didn't in the united states and it didn't in the u.s.s.r. i'll tell you why because of the four hundred billion dollars of debt that greece has fifty percent is held by german and french banks in those countries bill want to think it's in their financial markets it's that simple. q. q if you could. cross talk on the euro crisis a little later and on the other side of the ninety eight president obama has warned

the u.s. is running out of time to deal with its debt crisis if lawmakers fail to reach an agreement on raising the debt ceiling by the second of august the country will face a default well to discuss the situation and are joined live from new york by zeke miller he's from the web site business insider thanks very much indeed for being with us here on our t.v. so if lawmakers do fail to strike a deal what would that actually mean for the u.s. economy and indeed the world economy. a lot of that faith thank you for having me i mean this really comes down to what the credit agencies do you know if the government you know reaches obviously if the august second deadline does does come and pass without a debt ceiling increase you know the government will shut down but it won't necessarily default right away if it happened money to last themselves a few weeks but the impact the impact on the u.s. economy the world economy and the global economy really depends on what the credit agencies do and you know we heard from moody's on wednesday and then from s. and p.

yesterday both warning severe consequences if the government doesn't raise the debt ceiling in time including a possible downgrade from the government's aaa rating and the bad increase of borrowing costs not just for the federal government but for seven thousand municipalities across the country across united states and then really bad you know . across the world so with all that at stake it's pretty likely that they will reach an agreement isn't it. yes it does seem like they're going to be sure and president obama said today and republican leaders have said the past and past few days that they both agree that they see the clearly clearly set city to reach an agreement by august second the question is just how significant will their deficit reduction measures be because s. and p. said yesterday they want four trillion dollars in cuts over ten years in order for them to maintain the aaa rating that's a really tall order that is not that's a number that doesn't seem clear that congress can get passed in these sort of

partisan times i mean this is surely unsustainable this massive debt isn't it i mean the republicans they of course want spending cuts democrats want tax rises whatever happens surely is i'm saying this is unsustainable the american way of life cannot continue the way it is at the moment do you think that the americans would indeed have an appetite and accept tax rises and indeed cuts in public spending if they were to happen. i mean you know given you know given the choice between you know it between not cutting anything now raising taxes american people love that you know they would they would love to maintain current services they would love to keep the tax where they are in fact they'd like a tax the they'd like to pay less taxes but you know that's not reality the reality is you know the united states you know you have brought up fourteen point three trillion dollars a day in debt it's going to need to raise apply to the half trillion dollars more in order to get get us through the twenty five yet another good there needs you know the government twenty one point five trillion dollars deficit this year i mean

you can't maintain spent spending levels like that the question is you know when you're you know do you raise taxes you cut spending i mean that's you know some of it a lot of the politicians there are going to decide but came out yesterday from gallup . then from quinnipiac university poll saying that americans you know want to see a balanced approach it's what a president president has said that there needs to be some sort of there needs to be some sort of revenue increases don't allow corporations and. you get to get away scot free not pay any taxes or see tax breaks while the average homeowners paying to see their taxes go up not just etc level but it certainly at the local and state level but what about investors here you know either they want to see a fair plan. to sort of say you know interest is also. you know investors surely put off anyway bob this is starting fourteen trillion dollars and not much going to be done about it what does that do for investors and indeed the u.s. dollars. investors certainly are are afraid of

this and the president is also mention of congress and said you know you had three hundred business leaders write a letter to. us government leaders saying you know you have to reach a deal on this debt ceiling but you also have to cut the deficit they're saying that it's go it's go it's bad for their businesses to flee and for if this debt ceiling goes up with the u.s. credit limit the credit rating is downgraded and i would have you know it's a big problem the current good the current recession and slow down the recovery of . course so much talk about what's going on in europe at the moment and many people might be wondering look if the u.s. gets away with operating with this massive debt by simply raising the ceiling in carrying on running the country in deficit i don't eat countries do the same. i mean i don't think anybody thinks united states is going away with this anyway longer they've sort of reached the point where every everybody in both parties

agrees that the debt is just too high and they're just they can't borrow any more you know there is a there is a there there is there are some economic benefits the short term just like this business is borrow. from large cap on projects where you can't be borrowing for you know annual expenditures it's not a sustainable model for a country maybe for a crisis that you know it simulates measures sort of great recession like we had of the past couple years but you know this is this is not sustainable. the united states isn't it isn't a model for any other in any other nation in fact in some in some ways it's a work that has a you know it has a different problem because it doesn't have sort of a fundamental. fundamental issues with the system it's just the magnitude of the. that sort of sets it apart. so much so good to hear what you have to say thanks for joining us live from new york zeke miller from business insider. rupert murdoch has reportedly personally apologized to the family of

a murdered schoolgirl his voice minutes hacked was hacked by his newspaper the news of the world and this comes out to rebecca brooks the chief executive of murdoch's british newspaper group finally caved into pressure to resign over the scandal she's due to appear before a panel of m.p.'s next tuesday along with her former boss and his son to face questioning on the allegations of ethical methods. and that reports are now on hold the vultures are circling around on some pertinent parallels from a surprising source. a good every media outlet and t.v. radio even the scary racist when art imitates life the long running simpsons takes a shot it's rupert murdoch aka montgomery burns in an episode broadcast apparently kuwait city. this week. but it's not the only piece of timing in the extraordinary phone hacking case that seems to get more

scandalous every day the list of something like four thousand names which the police have have since about two thousand and forty thousand and five and yet they've got probably facie evidence of criminal activity by these individuals and boy by the murdoch empire and yet they have not acted on it so why now just as the murdoch deal to take control of satellite t.v. giant b. sky b. sure to go ahead his arch rival the guardian newspaper releases catastrophic allegations of a moral journalists and their shady practices that when the deal collapses the times for example which currently loses money could have transferred some of the profits from. investing in the times for example or the guardian or the growth. 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. you know. that would suit the government just fine the british press is famous for its shock teeth and no holds barred doggedness particularly where it 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 journal. it's back in springfield mr burns is thought it as the townspeople put up their own newspaper and he's almost right. as it is possible to control the media

because of rupert murdoch he is with. murdoch found as did mr burns that you just can't buy all the news papers those outside his control have been gunning for him for years and big time they may have succeeded just as he looks set to consolidate control over a lot sex in it you case media markets the books being pulled out from under him and it's all over the hidden scandal now revealed that the police have known about it for years nor and it's not see. or ask you what you think about this on our website and whether you believe the tabloids tactics in getting a story can be justifiable here's how our voting is going at the moment at r.t. dot com so far most people are saying that these reporting methods are outrageous and ethical and must be punished twenty one percent however think it's ok as long as it doesn't cross the line and seventy percent believe the approach is simply

meeting the demands of the public while the rest of the trend of his move towards less privacy even the ones watching dot coms have your say because to hear from me . troy delivers finished searching for bodies inside the wreck of the pleasure cruiser bulgaria which within minutes last sunday hundred fourteen people out of over two hundred onboard have been officially confirmed dead or fifteen remain missing the first will be lifted from the riverbed within the next few days and investigators hope for examination will help determine what caused the tragedy so far two people have been arrest in connection with the disaster on the volga river the head of the company which operates the boat an inspector who certified it faces charges of negligence that led to the doubts the rest were. have also been issued for the captains of to call their vessels which passed by the sinking ship without stopping to help well all t. spoke to the captain of the ship and did come to the rescue and here's how he

described the scene. as we were nearing the site we began to figure out how many people there were in the water although that was hard to do because there was a lot of rubble floating around as well as well as what it was very hard to be guarded vidual people from among the floating debris some people were in a dreadful condition many were injured they had oil all over their skin because when the ship signs the fuel oil came up to the surface and spread everywhere you covered them that made the rescue even harder because the oil made the victims greasy and hard to get a hold of to pull them on board seeing children in that condition that was particularly heartbreaking. and you can watch that full interview with the captain who many in russia recording a hero right now on our web site that's r.t. dot com. and don't forget all the best videos you see here on the air on the screen can also be seen at our you tube channel and there's plenty of extra content. starting footage captured by cameras fixed to the post of the space shuttle

atlantis as it blasted off into space and could launch a new two dot com slash our team to check that out and who knows maybe as we hear maybe your quit will be a cause for celebration as ulti approaches a landmark of five hundred million views. used today violence is once again flared up. these are the images. from history to carry their. operations around. u.s. likes to be seen as one of the world's leading human rights advocates but at home it faces growing accusations of hypocrisy tens of thousands of professional tool trees have reportedly been trained on american soil over the past sixty years and

it's claimed that many of them have used the techniques abroad as kid in for now reports. it's been thirty years since colombian soldiers kidnapped be starved and electroshock tek their addie's piece about all for having a quote subversive book. but it's a memory he lives every day people have survived torture in columbus i'm very lucky to be able to tell the story most people get parts of four of the ston there and then they get shot and killed many had been disappeared after said 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 joe the player was an instructor there i was very much in favor of the school of the americas during the cold war era but major players as he was horrified with what his former students did with their anti-communist training in their own

country classified. army schools. use the words to regain its. assess and they. commonly start. waits for. graduates from the school of the americas have been implicated in massacres and torture throughout the hemisphere and the more than sixty thousand soldiers and police have graduated ten thousand of them have been colombia has been the largest user of the school of the americas i don't think is an accident is the abuser of human rights and it was some hemisphere the eighth amendment to the us constitution forbids torture and other forms of cruel and unusual punishment as the geneva convention. but they did happen there's no question that our country on the gauge and tortured sort of put toward others how to do it we also people we also sent people to prisons in other countries where

they were in fact torture of their although congress demanded more oversight of military training programs and internal investigation by the government accountability office so that's all 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 man gets himself a survivor of torture says a lack of transparency in the u.s. led to further abuse can be eighty's unfortunately. a 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 u.s. rhetoric about respect for human rights abroad for survivors and religious leaders in washington d.c. have come together to demand a full commission of inquiry into what they describe as torture practices were

enabled by the united states including in its own prisons like one china mobile 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 and soul were 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 know only the person who for. the you know with a big wooden cross of ours. is also one of the last of the human eyes themselves you know to the human eyes of those human beings but a society that supports torture is going to pay a price the prices we're killing for it artsy washington d.c. . twenty four half minutes past the hour in the russian capital recap of our headlines is coming away in just a few minutes it means time for the latest business with marina.

hello and welcome to business here on artsy now russia's largest bank is expanding into europe as burbank has agreed to buy the eastern european units of austria's vaults bank international and it's the first that was issued office kind i have russian bank doesn't start over has all the details this purchase goes in line with their banks ambitious plans to become an international banking group that's how big your money grabs their bets but two thousand foot sea in their bank plans to generate the one per cent of its income from international operations here also felt that he believes in the great potential of those eastern european countries where all their branches except the banking market of. the world the market will be generating up to months of five billion euros by two thousand and

fifteen and it's more than russia's potential those burbank just wants to use eastern european you know the bank as a platform for its own international operations bank is among the top ten lenders in the czech republic slovakia coalition in bosnia this is a traditional banking business here in a complicated structures are toxic assets there's no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business owners burbank plans to finalize the deal by the end of the year old is just the beginning here must be out there that they hold resolutely without some banking also in the other parts of europe in turkey and. let's take a look at the markets now u.s. stocks are in the black this hour there is a sharp fall in u.s. consumer confidence and a new report says sentiment plunged in july his views on the current economy and expectations worsens but that's playing against. better than expected corporate

earnings from citigroup and google. and in europe stocks end of the session slightly down as traders were cautious ahead of the release of bank stress test results. and here in russia well markets closed mixed after a difficult week volumes were down as many people were away on holiday and direction when they are clear. russia will not make concessions over its tax regime for carmakers sygate membership of the world trade organization under the current rules manufacturers which make more than sixty percent of the vehicle in russia receive financial concessions and this is intended to boost local production of cars and prime minister putin says the system is not open to negotiation. of. the requirements of sixty percent localization and production of three hundred thousand calls a year we have

a little position colonel we changed it to read law and we cannot cross because we cannot abandon the interests of domestic producers separately prime minister putin says there are plans to build a second line of the eastern siberia pacific ocean pipeline system for exporting for the oil to asian markets he also suggests that another line could be added to the noise from gas pipeline which goes under the bolts of c n terminates in germany but he gave no time frame for in the project. well that's all the business news for now stay tuned for the headlines with bill.

culture is that so much of the taxpayers' money coming to him it will create a currency crisis european finance ministers central bankers and politicians remaining odds on how to rescue the year old as pressure mounts. emission free couldn't take three months for charges three. months three. three stooges free. the old free blood tests done in video for your media project a free media gun to our teeth dot com.