the piece told me earlier it's just another dangerous case of the us misjudging and . there's a lot of questions about who these different factions who are arguably now fighting among themselves for power in the in the east what might leave the their relationship with the americans who have a long history you know 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 might 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 of colonel gadhafi has frozen assets and mark element a modern history lecturer at 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 rubber explained where they went to and it doesn't look like what went into those

local homes without any difficulty with also came back into the hands of some of the americans and foreigners involved who were able to make nice expulsions out of this so i think there's a danger that across the prism of the maid of control here in the way he is from libya and where he's from a corner in some ways. we seem to be in a way repeating that with the rebels they are being taken on trust. or things are really counting for money and if the money has been given out is it really going to the libyan people or is it going to some group of libyan people who are going to take on many behave in the future to the people who has in the past. it with r t here in moscow still to come this hour when passing by becomes a crime because two boats which are sort 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 the efforts to prevent the further spread of the eurozone debt crisis which is today's finance minister as compared to the sinking of the titanic patrick min food who's a professor of applied economics at 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. the euro's rich countries like germany and france particularly germany are not really willing to pay the bill for the very loud sob 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 are they able to pay the costs of the debt servicing that's needed and so

there's no bailout really impressed 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 is 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 bail out its own banks but i think that the judgment of the taxpayer is they'd rather bail out their own buying if they have to then keep on giving money to greeks who may never be able to give it back to them. and in today's cross talk to the bell and his guests will be discussing why the leadership is so adamant about saving the euro at any cost here's some of what's coming up in just over twenty minutes forty. led to greece go bankrupt it would be good for greece it would be good for europe it'd be good for the world if greece went bankrupt and the role of the how to pay their bills are started by then

you would have everybody would know it's a strong sound currency based on a strong sound economy why would i want to go bankrupt. in america we've had staged in cities go bankrupt we've had care is very very corrupt 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 of 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. it. crosstalk on the euro crisis a little later and on the other side of the atlantic 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 now 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 r.t. 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 first thank you for having me i mean this really comes down to what the credit agencies do you know if the government reaches august second if the obvious a 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 they have the money to last themselves a few weeks but the impact the impact on the u.s. economy the world economy in the global economy really depends on what the credit agencies do. 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 that increases borrowing costs not just for the federal government but for seven thousand municipalities

across the country the united states and then really bad you know. 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 reach an agreement president obama said today and republican leaders have said the past of the past few days that they both agree that they see the clear the clear necessity 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 now and 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 isn't it i mean the republicans they of course want spending cuts democrats want tax rises whatever happens surely as 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. given you know given the choice between you know between not cutting anything not raising taxes there are 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 to tax the they'd like to pay less taxes but you know that's not reality of the reality is you know the united states you know you have run up fourteen point three trillion dollars a day in debt it's going to need to raise it by two and a half trillion dollars more in order to get get us through the twenty without another of their needs you know the government's money one point five trillion dollars deficit this year i mean you can't maintain spent spending levels of like that the question is when you're you know do you raise taxes you cut spending i mean that's something that the politicians there are going to decide but paul came

out yesterday from gallup. and then from quinnipiac university poll saying that americans you know want to see a balanced approach is what approach the 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. so you get to get away scot free not pay any taxes or see tax breaks while the average homeowner is paying the same their taxes go up not just at the federal level but but it certainly at the local and state level but what about they want a city where you know either they want to see a fair plan. but the source is not even testers also they don't know investors should be put off any way by this starving fourteen trillion dollars debt and not much going to be done about it what what does that do for investors and indeed the us. investors certainly are are afraid of this and the president is also. in the congress has said you know you had three hundred business leaders write a letter to. u.s.

government leaders saying you know you have to reach a deal on the ceiling increase but you also have to cut the deficit they're saying that it's go it's go it's bad for their businesses particularly in term for borrowing if if this debt ceiling goes up with the u.s. credit if the credit rating is downgraded that would have you know it's a big problem the current recession and slowdown the recovery. call so much talk about what's going on in europe at the moment and many people might be wanting 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 countries do the same. i mean i don't think anybody thinks united states is getting away with this any 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 bend there so there are some economic benefits deficit short term just like this business is borrow. from large cap on projects but you can't be borrowing for you

know the sort of annual expenditures it's not a sustainable model for any country maybe for a crisis the you know it stimulus measures. the great recession like we had over the past couple years but you. this is this is not sustainable. the united states isn't it isn't a model for any other. nation in fact in some in some ways it's work it has you know it has a different problem because it doesn't have a fundamental to our proud. fundamental issues with the system it's just the magnitude of the. that sets it apart. so much you're going to hear what you have to say thanks for joining us live from new york zeke miller there from business insider. rupert murdoch has reportedly personally apologized to the family of a murdered schoolgirl whose voice mail is hacked was hacked by his newspaper the news of the world this comes after 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 now on hold the vultures are circling around on some pertinent parallels from a surprising source. a good every media outlet in town t.v. we read you even the scariest when art imitates life the long running simpsons takes a shot at its owner rupert murdoch aka montgomery burns in an episode broadcast apparently coincidentally 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 had since about two thousand and four two thousand and five and yet they promise 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. 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 could have transferred some of the profits from. investing in the times for example the guardian or the daily telegraph you would welcome it 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 be.

you know. that would suit the government just fine the british press is famous for its sharp 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 is to water it as the townspeople open up their own newspaper and he's almost right we possible can truly the media because of rupert murdoch. murdoch found as did mr perkins that you just can't all the newspapers those outside his control have been gunning for him for

years and this time they may have succeeded just as he gets set to consolidate control over a lot section of the ukase media markets the drugs being pulled out from under him and it's all over the. scandal now reveals that the police have known about it for you know we're at. war asking 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 the voting is going at the moment at the dot com so far most people are saying that these reporting methods are outrageous and ethical and must be punished twenty one percent i think it's ok as long as it doesn't cross the line seventy percent believe the approach is simply meeting the demands of the public while the rest say the trend mirah society's move towards less privacy dot com to have your say because to hear from me.

draw a diver's finish searching for bodies inside the wreck of the pleasure cruiser bulgaria which sank within minutes last sunday hundred fourteen people out of over two hundred on board have been officially confirmed dead while fifteen remain missing the vessel be lifted from the riverbed within the next few days and investigators hope a thorough 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 operated the boat an inspector who certified it faced charges of negligence that led to the deaths arrest warrants have also been issued for the captains of two cargo vessels which passed by the sinking ship without stopping to help well he spoke to the captain of the ship that 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 it was very hard to pick i did

a visual people from the floating debris some people were in a dreadful condition many were injured they had oil all over their skin because when the ship sank the fuel oil came up to the surface and spread everywhere and covered 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. you can watch that full interview with the captain who many in russia are recording a hero right now on our website that's r.t. dot com. and don't forget all the best videos you see here on air on the screen can also be seen at all you tube channel and there's plenty of extra content in what's starting footage captured by cameras fixed to the boots of the space shuttle atlantis as it blasted off into space and could launch a new to dot com slash r.t. to check that out and here you know that's big news for you here maybe your clip will be a cause for celebration as all of the approaches the landmark of five hundred

million views. more news today violence is once again flared up. these are the images. from the streets of canada. china operations are all day. 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 troops have reportedly been trained on american soil over the past sixty years and it's plain that many of them have used the techniques abroad as kate enfold now reports. say it's been thirty years since colombian soldiers kidnapped be starved and electroshock tech there out east peace about all for having

a quote subversive book. but it's a memory he lives every day people have survived torture in cologne that's why i'm very lucky to be able to tell the story most people get told to for the stand there and then they get shot and kill many had been disappear hector says the colombian soldiers who tortured him and later killed his brother. were trained right here on american soil at the school of the america and for benning georgia army major jurists 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 classified. army schools. use the words terror again next door assassinate.

commonly. called 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 i don't think it's an accident. abuser 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 of taught others how to do it we also rendered people we also sent people to prisons in other countries where they were in fact tortured there although congress demanded more oversight of military training programs an internal 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. aid 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 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 waterboard and he would do it again. and he said damn right that he had ordered it and 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 forth 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 being but a society that's the four story is going to pay a price a very big price as well killing ford r. t. washington d.c. . twenty four the whole thing is pos the on the russian capital recap of all headlines is coming your way in just a few minutes with me tom for the latest business with marina. hello and welcome to business here now russia's largest bank is expanding into

europe bank has agreed to buy the eastern european units of austria bank international and it's the first acquisition off its kind by of russian bank business. has all the details this purchase goes in line with their bank's ambitious plans to become an international banking group that's how to pay their money grab says that by two thousand foot seems better bank plans to generate up to seventy per cent of its income from international operations have also felt that he believes in the great potential of those eastern european countries where pulled out the branches except at the base the market approach her. probably the if nobody can move it generates a call to nine to five billion euros by two thousand and fifteen that's more than russia's potential so the bank he just wants to use this eastern european union bank as a platform for its own international operations bank is among the top ten lenders

in the czech republic slovakia croatian bosnia this is a traditional banking business there are no complicated structures or toxic assets there is no dependence on securities operations and almost no big corporate clients it could be called the bank for medium sized and small business those burbank plans to finalize the deal by the end of the here and it's just the beginning here must be upset that they all read the looking out some banking also in other parts of europe and 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 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 ended the session slightly down as traders were cautious ahead of the release of bank stress test results. and

here in russia all markets closed mixed after a difficult week volumes were down as many people were away on holiday and direction remain unclear. 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. with. the requirement to sixty percent localization and production of three hundred thousand calls a year we have that can't be changed but it's a riddler 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 crude oil to asian markets he also suggests that another line could be added to the north stream gas pipeline which goes under the baltic sea and 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 heights is going to real

trade as a currency crisis european finance ministers central bankers and politicians remain at odds on how to rescue the euro as pressure mounts. emission free cretaceous three pounds for charges free the maintenance free risk free. to tide free. the old free broadcast clothing video for your media projects a free media dog hard teton tom. in india oh she's available in the movie the joint the hotel rooms the isle of violence the gateway hotel the grand imperial truly the tallest west coast coromandel you can know what's hotel close mission hotel says don't need to go and

. read the sun the kennel was her job as a retreat. from moscow this is l a t top stories of the south over thirty countries including the u.s. officially recognize. as the libyan rebel council as the legitimate governing authority nearly a calls for gadhafi to give up power recognition will allow washington to sponsor libyan rebels with money from gadhafi frozen assets. and people take to the streets to protest against the looming cuts in italy the latest e.u. country to be hit by the financial crisis and says the parliament approved secure sturdy project in a bid to stave off the threat of a bailout. u.k. phone hacking scandal gathers pace forcing the chief executive of the group home by the murder camp are to. meanwhile questions arise as to why it's taken so long to confront the crisis despite police knowing about many of the allegations for years

. or more on the eurozone debt drain next. whether the e.u. has enough financial firepower to save it from ruin that's in crosstalk. hungry for the full story we've gone to. the biggest issues get a human voice ses to face with the news makers. and. hello and welcome to cross talk i'm peter lavelle a currency in crisis european finance ministers central bankers and politicians remain at odds 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. and. cross not the eurozone crisis i'm joined by dennis gartman in virginia he is editor of the carbon letter in singapore we go to jim rogers he's an author and financial commentator and in washington we go to sherry's ide raymond she is 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 and then yes if i go to you first i i ask the question before we go to there 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 always to do something on the part of the northern european.