in india oh she's available in the movie joyce be able to see the whole movie that's a great way to go to the grand imperial college the george was the bush girl until you can oh well such will close with the job its ability to go and. read this in the kernel was her job as a retreat. america's biggest threat is that china lashes out in washington for pushing the global economy at risk by not reaching agreement to keep the debt in check. slovakia's here is a dream turned sour as the calls to dealing with the current c. crisis on the lines the promise of disparity as a e.u. member. how will some balance investigation concludes the main responsibility for the presidential plane crash in western russia lies with the polish crew because russian air traffic controllers are also policies have played.

well in business we're still seeing a lot of red across the markets as investors can't seem to see light at the end of the tunnel as far as the u.s. debt crisis is concerned and amid all of this we'll look at how it impacts all parts movements and more of these in our business bulletin. a very warm welcome to you this is a live from moscow a country which holds more u.s. debt that any alpha house has house at the fader of congress to reach a deal over its debt ceiling china says the political deadlock in washington threatens the entire economy will say far republicans and democrats have delayed a vote say the limousine while the country owes as they haven't agreed on rival projects they've up till tuesday to avoid potentially devastating default earlier in the. secretary of state hillary clinton was in beijing to reassure asia needed

that america were not full back on its debt payments. from investment company pacific capital thinks china could well become the dollar as its main reserve currency we can't afford bad relations with china see beijing holds the cards you know we're dancing to the tune that they play the real problem for china is that there's no way that america can pay back the money that the chinese are very lonely just quickly is just not going to happen and especially when interest rates rise i'm surprised and taken the chinese so long to figure out that they've been throwing a lot of good money after but i have i don't think we're going to default i think we're going to inflate which is just as bad but you know we're going to raise the debt ceiling the problem is the debt not the ceiling the ceiling maybe is a solution but unfortunately it's going to be raised open really the chinese are going to impose their own ceiling on our debt which is going to be a lending ceiling because we're telling the chinese right now that we're running

a giant ponzi scheme what we're telling them is that if we can't borrow more money we're not going to pay back the money we've already borrowed which means of countries like china decided they don't want to lend us any more money then we're not going to pay him back to my they've already won't us or we do paid back it's going to be with my and it has very little purchasing power because ben bernanke is going to write off the printing press the sooner the chinese start stop enabling this phony economy that we have this sooner we as americans to begin to repair the damage and what's going to happen is what a dollar collapses americans are going to see a big reduction in our standards of living. our web site artie dot com are asking you what you think about the outcome of the american debt ceiling debate that will be more than the whole of you is so far saying there's no doubt the ceiling will be raised seventy percent say the result will be a global economic crash and eight of them to the us will default it will be no permanent harm. hundred year small countries like the republican slovakia feel

their economies being crushed under the weight of the euro currency crisis the bailouts the euro zone member states needing to be paid for nations like slovakia are feeling the pinch as a first reports critics say the rules change with year in membership failing to live up to its promises. they say that charity starts at home also the vacuum made you want to the poorest countries but with pressure from the e.u. to participate in the second bailout their money could soon be going to greece it on i'll tell you what joining the euro zone brought responsibilities but not benefits in fact slovakian pensions are significantly lower than days increase people here at this hey michel to tell us they barely cover their food costs with the money they receive they have to. deal with homelessness.

have to reform our pension system our health care system does not have enough. back in two thousand and nine when slid back here join the year is saying it was such high hopes it was also kind of person to be the first one among hungary and probably. read about for one from from from europe of you know in israel club back the year easing it seems isn't all it was cracked up to be as we joined your of the longer i was going through the. gods of one country library of justice one country in may two thousand burned the rules changed dramatically days left out of the year a gang may well now be breathing a sigh of relief if a neighboring not only here is a plane she's had felt benefits slayback shoppers have been heading to their check out in a bid to escape the year and we come just across the border from the backyard to the czech republic where the superstore out there doing

a booming business more and more people make a regular journey to do their shopping because the prices here being much cheaper people are now shopping outside the country it's a vacuum retail revenues have fallen dramatically and the high prices mean the tourism industries have been hit hard she certainly not the results hopeful. we first joined but every club has its leaders and what they say apparently gays even if they're the ones who got you into trouble in the first place you see be created . all the countries in the euro zone are. home were generous. as good as german bonds. make it possible for greed. the world so much money to maybe contribute in this thing it's left many of those at first so eager to join the year a gang healing they're now simply being pushed around. he said back in

has been warned by the international monetary fund that it needs more cuts to avoid becoming the next fix him up a debt crisis the i.m.f. says the country's credit rating could be at risk of austerity measures are taken economics author patrick young paris developed these problems that long ago. but the problem is look these aren't things that have just happened suddenly i mean the french budget deficit has been in a deficit the french budget since one thousand nine hundred seventy four i mean leaves are things that have been going on for thirty or forty years it's absolutely ludicrous and truthfully governments need to stop spending and they need to be very realistic about their budgets there are fundamentals huge problems going all the way through the euro zone and we don't have any leaders who are willing to give us a sustainable solution this is typical of contagion we've been talking about it for weeks we have you know when you get some degree of illness and it goes through the

body ultimately you have to decide when to amputate it and the truth is we should have unprotected greece from the euro zone long ago we've got the situation of all much more provincial libraries in northern germany are being closed because the money isn't there because it's being used to fund people in the mediterranean i think german voters are going to get very angry about that very very soon and i actually think the political will is not there amongst the people so endlessly keep bailing out their saw their neighbors it's going to be a huge problem because ultimately the contagion is going to hit and i really do believe that after last week's events unfortunately we only enjoyed closer to the idea of a total your real melt on. still to come on the program dangerous connections libyan rebel movement killed hours after his alleged ties to conduct these original calls into question. when we take a look at the israeli protests taking inspiration from the arab spring that of warring the netanyahu government. was thought by its investigation has

concluded that the main responsibility for the polish presidential plane crash in western russia last year lies with the crew however it says russian air traffic controllers are also partly to blame for the catastrophe killed president lech kaczynski and dozens of the polish crews correctly and that's was not. the source for us i was who you alexei we've been at the news conference today in warsaw what else did the investigation team have to say. well certainly the main highlight of this press conference by the country's interior minister and the commission which was investigating the smolensk tragedy which killed most of the greatest political leaders was that war so openly admitted that the crew of the presidential plane is mainly to blame for what happened in april on april tenth two thousand and ten saying that the crew both had very low qualification to operate in such heavy

and difficult weather conditions as it was on that day in nearby the city of smolensk and also did a serious of underwrites actions that led to this crash. also there were many many details which in some way differ from the report published by the interstate aviation commission earlier this year the report which made by the russian investigators in namely that investigators believe that the airfield in smolensk was very hard to land the land at specially in those difficult weather conditions and also there were some misleading information not serious but still misleading from the air traffic controllers on the ground in smolensk at the same time one of the members of the commission sat in his report that following the reports that the plane initially hit a tree which led to the destruction of the plane in just two seconds time after

that he said that it was not the tree which was too long it was that the plane was in the wrong place and this is the direct responsibility of the flight crew so this report as far as we understand is meant to. clear out any mistakes like that in the future and according to the country's interior ministry minister this can be done only through cooperation. on a very detailed sounding record. coming out today and this tragedy of course has incredibly wind ranging political implications to. well certainly this whole story this whole case has been political through and through through from the very first minute some parties nationalist movements in poland have been accusing russia of holding back facts in the investigation of stalling the investigation and indeed this report will probably put paid to all the speculation concerning russia's involvement and some of the accusations even pointing at moscow for plotting the

air crash certainly this report down inside poland will clear many of those questions and will probably come some of the temperatures in in around poland indeed we understand that the country's prime minister is also expected to give his view on the report by the commission and we are following the developments in warsaw and we'll be bringing the latest to our viewers as soon as we get the latest details very much and next a. school there reporting for us. are staying with this story david lemon he's the operations and safety editor of global marketing says the reason the investigation continues because poland was so devastated by tragedy. the investigation that followed was was almost painfully thorough. i think the the russian investigators and knowing how. tragic this event was and how

highly politically charged it was they went out of their way to explain the reasons for. the facts that they found they were the news surely they used in an under usually large number of words to describe really fairly simple things. i think anticipating that the truth was going to turn out to be very unpalatable which of course it was i can't really see why this investigation is continuing the accident was a simple one it's a type of accident that followed a mistake of a type which has happened countless times before in aviation history. i think the only reason why it's happening is because this was such a human tragedy such

a political tragedy for the polish people that they know that they've been they've been given the truth and the truth is unbearable they can't take it now i don't think that the polish investigators think they can pin the blame on anybody else but i do think that they are looking to pins some of the blame on somebody else. for more on about storage you log on to our website on t. dot com where you can find out more about the russian led investigation into the polish plane tragedy we're also online for you right now discover what the f.b.i. in the weeds of massacre suspect on because the big harbor in common. the mercury heads go for c degrees celsius in moscow we see how people throughout the city are dealing with the heat it's.

now are obscuring more european style discontent israel is the latest scene of nationwide massive protests thousands of tent cities are appearing across the country as thousands take part of rallies to the mall and the government provide cheaper housing and lower the cost of living the biggest protests yet centered in tel aviv is planned for saturday night this administration's resemble the beginning of the revolution in egypt as according to others abu palestinian israeli journalist. two thirds of the poor in israel are working poor people who are working every day people who have a great chance and still are not able to go above the poverty level so that's a reason that people are coming out of the street despite the growth in g.d.p. it doesn't really translate on the ground the prices are incredibly high their israeli government has cut

a lot of the social services if you look at how the protesters started it's almost identical to how it started in egypt and internees and other places through facebook somebody who made a post on facebook through social media that's how people organize or was organized completely in the beginning by the young people in this all students people who feel that they have no future people who feel who can't afford living here and i was realizing that this is not the way to go forward and he's trying to figure out ways to deal with it because the government could definitely fall in israel and these are ground and i think he is in danger especially that the process there's a growing while israel has been under building in tel of the even i phone all these major cities in israel is all have been overbuilding in the west bank for example fifteen percent according to the peace now report fifteen percent of its all public building budget had been going to building in the settlements in the west bank which only consists of four percent of its world population thought because of the

israeli government and the money is more sustaining the occupation and more sustaining the settlements rather than caring for the majority of the population who actually are closer than it's an apples occupation and israel proper. the libyan rebels have declared three days of mourning after their military commander and team of his aides were killed abdel fattah yunus was gunned down hours after rebel forces reportedly arrested him over his family suspected ties to colonel gadhafi his regime units have been libya's foreign minister before he defected to the battles at the beginning of the revolution the national transitional council claims the killing on gadhafi supporters is and claims to have arrested the head of the group responsible for the consequences of the murder will depend on how deep the command is alleged connections really ran that's according to one of fairness advisor to america's antiterrorism caucus. the consequences of his killing could be. short ramification of vast ramifications if indeed he

was only an individual or even a high ranking official who had still relationships with the words of the gadhafi regime then his killing would be it would be the end of the. if it's the other case is he and others inside the council the interim council of the bin ghazi power have been in opposition to another force a military force it could be other little clones it could be the militia of the jihadist or another tribe if the case is different then the concern is more serious in the west that there could be more clashes in the future or more tension is within the military camp at a time where the rebel seems to be on the offensive so we're going to wait and see the results of the investigations and most likely the nato command would want to be part of these investigations. on the. cost of the lines and knowledge when it's

your presence at the border with bia to help possible new outbreaks of violence that clashes erupted around of the two disputed border crossings where about two hundred three from my palms set light to a customs paste it was in response to an earlier police to take over the crossings blocking exports from the region nation peacekeepers needed to stop thinking of the fallout of the process because i left out on the politics in belgrade says feel that being treated as an unwanted minority on monday still regards. to trying to try to enforce some unilateral moves in order to change the reality on the ground to change the reality as it was and as it is under un resolution security council resolution twelve forty four also always towards the session this republic so in other words the serbs or down of course will still believe themselves to be part of serbia and they're acting in that capacity now the western

states and mostly nato states that have recognized course of war treating them as a minority but we must remember that the key to this situation of course it was really in nato hands to take control militarily the entire province so really whatever happens down there is under their control and it's something that they will tolerate or not tolerate and we must also remember with the burning of the border checkpoint you still don't know who actually did it these were masked men who really could have been any nationality we don't know whether they were serb albanian or french or a very american we just still don't know that. i heard some of the world headlines of grief now and thousands are again gathering on the square in egypt five months after the regime of president hosni mubarak fell the demonstration has been organized by liberal party see what a set of agreed guidelines for

a new constitution protesters also want instant trial for their freedom willing and his allies all of whom will appear before a court next week. at least six people were killed when he was a fire on al qaeda linked militants in somalia's capital mogadishu violence broke out as african union attempts to supply aid to famine refugees one hundred somalis islam is with god starvation relief efforts as a threat to their all forty group which is two million somalis are not receiving food or water in militant controlled areas. u.s. the north korean diplomats met for several hours in new york for the first time since two thousand and nine both sides expressed satisfaction after the top describing them as serious as businesslike held good atmosphere the meeting which will continue on friday is aimed at reviving stalled six party negotiations on the rules nuclear program soldiers have been escalating on the career of its u.s.

since the sinking of the south korean navy vessel by the north in iraq of last year . hundreds of demonstrators surrounded japan's are busy i'm so angry at a japanese government ban on its officials for flying with korean air their decision follows the south korean airlines test flight of a new airbus jet over the disputed land called works a few weeks ago protesters japanese fly protos and posters rather of its leaders. ok let's check out all the latest business is that which has a. hole there and walk on see business here on our t.v. . well prices continue to ride high despite ongoing fears of defaults in europe and the us and according to europe's biggest oil company royal dutch shell the time of low cost oil and gas is at an end finding resources will be more complex and will

require more money and investment well to discuss this in more detail i'm joined by whoredom with the plots in london thank you very much for being with us on the program but how much are the debt concerns in the u.s. and europe weigh in on the oil price. at the moment strangely they are not weighing very much the oil price has been fairly stable between one fifteen and one twenty let's say but i don't think the market is quite absorbing what u.s. default would be if there is a u.s. default that would trigger a lot of concerns on the financial institutions saying you need the financial institutions to essentially provide the financing for a lot of transactions so i think that before would really put the customer in negative cast on the price of commodities in the short term. then the next question that needs to be address is how is the preferred going to be manage you that the thought these manage just through law or consumption just lower

expenditure in the us then there is very negative for for commodities as a whole if on the other hand because some of the bigger you say there to be a fight on what oil hasn't really been there seen yet if the u.s. does go into a default what kind of effect will that be in terms of actual price in the next five to ten years then. it's. called the a how do your comic issues manage because the u.s. still has the capability in effect to print the money so if they print money then the opposite of them happens is just an issue of which a group will be your sticks if the us takes the route of the truth and loring expenditure assad can manage is there the effect is actually bearish if the result is a total chaos in the financial industry then is completely bearish in the levels we

saw in two thousand and eight i think there are some fish and forces on both sides of the table to ensure that these are not cale's nor nor financial larch mishaps so i think the industry is still reacting currencies interest rates the price of commodities are still acting a see if his solution is going to be violent and i think on the aggregate a solution will be for by looking for work from here or words i think the possibility of further quantitative easing could use so in effect bearing in the short term events. surely indicated by the report the year of cheap oil maybe yours because everything is combining into more monetary expenditures are you doing you are sorry sir you do agree with that reporter there saying the era of cheap energy is over. well you get cheap energy is

a function again of the financial market and the financial market on the aggregate right now is spurring thing countries that want to inflate their situation out of the trouble right by inflating their systems they think that they get out of trouble and by playing in the system that leads to higher commodity prices where they screens coal or oil or in the aggregate i think that's what europe has to do with the story i think that's what the u.s. has to and will do so from a russian point of view on the aggregate over the long term the oil prices will be higher whether that buys more things with money i don't think so because this is really a reaction of inflation what many executives in new orleans street are saying i'm that is not just in the oil industries in the many commodity markets they're breaking these increasing because of the inputs required to extract resources

greasy so that means that oil and other commodities will be high all right all right thank you very much mr hoar here want to pick a talking to us from parts in london thank you. ok let's have a brief look at the markets now precious metals prices are down at this hour however they are still high as investors look for a safe haven due to uncertainty over the u.s. debt resolution after republicans counseled a vote on the deficit reduction plan. but it's not looking too good in europe either where moody's rating agency has put spain on review for a possible downgrade the banking stocks are leading the fall the shares index should down three point one and voices three percent of the bread meanwhile mobile operator vodafone rose three point seven percent after its u.s. joint venture of arisan said it would pay a dividend. now look a here and also the markets the race there's these gains with the r.t.s. down over a percent this our market players follow the global uncertainty over the u.s.

debt risk. and looking at some individual moves on the bisects all majors are among the main losers amid weaker crude topping after losing over two and a half percent this hour backing stocks are also under pressure with bank of moscow down zero point three percent the company reported a two and a half billion dollar net loss last year but bucking the trend is power generator into raul it's gaining almost four percent at this hour. that's all the business news we have this hour you can always go online at r.t. dot com forwards last baseness for more and to stay with us for the headlines.

welcome to the kooks a big splash in the world of high tech business which turns events science into i judge you products don't understand kokila inch pieces got to be full of russian invaders to each of meters abroad and their big breakthrough back home smart played on stun gun technology update here and. we've got the future covered.