oh she's available to move go and join people to become a village the gateway to the grand imperial through the george west coast coromandel you can a little closer to sedona to go and parkland rather said the colonel was natural as a retreat. washington agrees on measures to avoid a default and end the debt crisis which has weighed heavy and grim erica but a plan to save the country from economic collapse is criticizing him to solve the nation's long term financial goods. the west threatens to punish the syrian regime for the latest round of crackdowns on protesters which reportedly killed more than one hundred people but some experts warn that foreign interference only make matters worse. alarming tendencies as history is not c.s.s. veterans and supporters hold rallies the activists say the glorification of the

system gives rise to the question is and xenophobia cross europe. and business all advances from maturing slow and bustling markets jump up to u.s. president announce the debt limit deal a few states that light can you for a full business boards and record. international news and comment twenty four hours a day this is r.t. the top story u.s. lawmakers have finally reached an emergency deal to avoid a disastrous debt default after weeks of political bickering and stalemate if passed by congress the compromise will permit american borrowing to continue after tuesday's deadline exchange for more than two trillion dollars in federal cuts in the next decade the deal was struck off the rack obama held last ditch intensive toward it. democrat and republican leaders on increasing americans that when it all

the pretty little struggle is far from over but the key issue of how to balance the budget being put off by late today. right now i reports torturous and looking to reach an agreement america's reputation from illinois. help us avoid default debt ceiling nation default and this crisis time's running out the entire world is watching it's been a public spectacle filled with bickering grandstanding and lack of compromise i devise if defeat over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy the damage been done but what happens now everybody really thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have got real close and who knows whether next month next year this won't blow up again since the underlying causes economic problems are getting

worse in this country quarter point five trillion dollars of america's borrowing is owed by foreign countries experts say rushing to mismanagement may cause investors to abandon the devalued dollar and end their partnership with america it's like being married to someone so many years they were dirt you want to know what do i do how much can i put up with this relationship the u.s. will be in for a long time the only game in. the your community is making noises chinese making noise is what you know we're alone now in our ability to be a repository for financing in the world the results could spark a replay of the two thousand and eight economic meltdown except this time last not wall street would be responsible for the first time in history our country's aaa credit rating would be downgraded leaving investors around the world to wonder whether the united states is still

a good bet. interest rates would skyrocket on credit cards on mortgages and on kora loans which amounts to a huge tax like on the american people as the countdown neared zero all three big reading giants moody's which in standard and poor's threatened america's hollowed triple ace unless a deal was hammered out and the fourteen point three trillion dollar debt getting higher economists say america's unsustainable budget deficits are the biggest threat to the nation it's like the batteries worn out the spark plugs don't work the tires are flat all of this and so what we're trying to do is say we've got a little bit of money in the bank let's pay that down but we're not doing anything to fix the economy and so we're putting ourselves in a bigger and bigger hole not just because of the dad but really because we're not creating any way to get around it that instead of the u.s. president repeatedly asked americans over the past week or so during the campaign

to borrow and spend more make a phone call send e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world have been following the heated saga playing out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of a green on how to solve it. r.t. new york. through sixteen experts in the basement opportunities in distressed markets told me that american lawmakers are going to brave the u.s. economy. they're going to have more no money printing the debt is going to go through the roof and if you look at the projections from the bank for international settlements in a recent paper they've stated that the twenty forty america's interest payments on the federal debt will account for twenty seven percent of g.d.p. so all this talk of cutting deficits and bringing the debt back in the world is

just nonsense it's political job and i like to see the armies that's eighty percent of the spending the mandatory spending already now exceeds the tax revenue so even if they try to cut the budget or the expenditure they would have to default because the mandatory or the composer is spending obligations which the u.s. government count got down exceed the past seven years or some of the other the u.s. government will have to be fold on its obligation the worst lose a lot of all of this i think is the u.s. dollar the u.s. doesn't dissolve a aaa credit rating it is a joke if you look at best finances of the u.s. the federal debt now accounts for roughly ninety six percent of g.d.p. and as far as i can see there is no way this that's going to come down and the u.s. has no business getting a aaa rating and when other people come to the same conclusion as i do then i think there could be a rout in the bond market and as mr obama was alluding to earlier we could see

seriously higher interest rates and a serious weakness in the u.s. dollar which is obviously very bullish for commodities and precious metals such as gold and silver. i mean while economics expert max frog wolf says the compromise achieved by u.s. legislators really changes the speed of that growth without solving the bigger problem. this whole crisis started as an opportunity of political theater these guys couldn't even choreograph success out of their fake crisis and so now we have a huge international failure which has already gone possibly lasting and certainly serious damage to the standing and reputation of the united states of america how hasn't much been mentioned that not a single plan out there reduces the national debt they just change the speed by which it grows all the showdown all this fanfare is about changing the exact forecast ten years speed of debt growth none of these plans make real efforts to reduce the long term problem of insufficient revenue and these plans do reduce

spending in ways that will be painful and for many communities in the united states transformative but that will only reshift focus on to the more important long term issues of the absolute in sustainability of being committed which we are committed to having insufficient revenue for the amount of spending that we're going to be doing for the forseeable future while having a fourteen point three trillion dollars national debt this process itself has and continues to hurt the faith and credit the world has in the united states. that's fraud wolf that chief economist at green quest capital told a phony. well washington and germany are threatening to take decisive action against the syrian regime which allegedly killed more than a hundred people on sunday government forces raided the city of hama with tanks wreaking havoc on your position stronghold status round of crackdown on protesters who are calling for president bashar assad to step down more than one and a half thousand people are said to be killed in clashes since march germany is

calling for an emergency session of the un security council to convene on monday syria is already under a set of american sanctions but some are now look to our president on the words association it's the west doesn't have the credibility to interfere in syria's affairs. the interference of the outside world in my view can be counterproductive unless it's directed property rather than just making these wild statements like for instance the usa would decide whether the president of syria is next in the sea or not everybody is asking what right do the americans have to put this question anyway let alone deciding it but they seem to be doing this selectively their ballot with syria not valid with libya but at the same time they have not done it with yemen they have not done it with other places where there is uprising including. when president obama says what he's saying everybody in syria and

another well will be here to respond. one time a bang about abu ghraib and about the rest of the afghanistan situation all of these things so dreams are low and it doesn't give any comfort generally speaking the world seems to be content with condemning and making these wild crazy statements whether it's you know the regime is let's move on not. that it should be it's using use of force the world can play at all but i think. it's not playing cards. well with calls announcing at the u.n. for the security council to take action on syria russia still opposes any resolution against alaska's moscow on such steps could lead to in libya's starts an area where the nato led coalition has been accused of stepping outside the limits of its u.n. mandate for just over an hour's time russia's deputy foreign minister tells r.t. why the syrians should we saw their problems themselves. whether if programs we believe that the syrian should address their problems as part of their domestic

agenda this is an internal civil conflict and it should not be internationalized as for the situation in libya of course every country is unique in terms of its educator situation the background of this conflict the form and the scale of public filters on the other hand we should learn our lessons a number of the international players ten two degrees from the street observation of both the instructions and the spirit of these resolutions therefore we are naturally concerned as such loose interpretations to all use old making some of the opposition circles taking their position and ordered for a top approach which is by no means a post of achievement in terms of finding a mutually acceptable solution. although non-system is condemned worldwide here still pockets of support in some areas of europe over the weekend the stoning veterans of the nazi s.s. which four but i like troops in the second world war rallied on the anniversary of a battle with the red army at the same time our priorities refused to authorize

a rival anti fascist demonstration because artie's sarah first discovered this only a show of support for nazis and speeding a dangerous new ultra right movement. well karen is staying in town to fit in but the nineteen forty four is the scene of fierce fighting between status soldiers and yes this. we're here by the monument to commemorate the savior soldiers that died in that bite less than a mile away and this town's all save the scene of a gathering of veterans of the stone year. in the event this gay widespread criticism the glorifying is a. former soldier. i will form but. it's something at the moment you don't think about things about people. but for. him country and most of year

at these kind of events abound. and to hear. it in a sting it's a different story altogether. it's common in the story to call these people freedom fighters we hold or protest rallies on the same day you pray hold this event to remind them what they are what they have given allegiance to hitler. they have never liberated. moreover none of them are engaged in one of them are more or less accomplices of crimes committed by nazi germany. in fact in recent years the esteem you know thirty's and made it increasingly difficult for those who come to oppose the events here once again members of the anti fascist movement be detained at the pool do that by the police because we were traveling in was stopped for questioning on the way in i was taught. i have an entry to the country and of course any kind of other opinions from their own opinion which is very very

much supporting the. movement's revival of the far right across europe is caused growing concern the right party. as a killing ground in countries like austria finland and france thirty by far right extremists and this bravery can always recently is just how dangerous these these remain i think this is a problem. extremism and far right wing extremism and the fact that you with origins. calls calls the arms. of. the you say far failed to take decisive action to stop cannot see commemorations within its borders bush's push for international legislation to condemn the glorification of wartime fascism prevents like the one interesting in making clarion lead clear the not all countries are on board critics of this event

hardly that the gathering for advice of for and for dangerous near fascist state there's the government's failure to ban it is seen at the very least as being morally and politically insensitive surf. well still to come in the program the dark side of immigration r.t.e. discovers a property scale for every concert crammed into random buildings of crossness. forty's and future cash and you know illegal and collections. let's take a look at some other international headlines now he is suspected leader of one of mexico's most notorious drug cartels that confessed to ordering the murder of fifteen hundred people police arrested a thirty three year old man known as the a girl friday he's a human being the head of a gang or tellers working for a major crime ring the cartel controls the smuggling of drugs into the united states from here that out as the deadliest mexican city where more than three

thousand murders took place last year. clashes between libyan rebels and colonel gadhafi his loyalists have left six people dead that the opposition held city of benghazi the fighting started when rebels attacked forces that aided the prison break of some three hundred program the soldiers comes a list of the coffee rebel military commander libya's former interior minister. hailed the ongoing civil war in libya began four months ago reports that were than three thousand people have already died forty. north korea has announced its willingness to resume international talks to end its nuclear arms program the comments come after a high ranking young diplomat visited me for talks with u.s. officials last week north korea has been under international pressure to dismantle its nuclear weapons program since two thousand and three. pulled out of talks in

april two thousand not censured a long range missile. but over the weekend tens of thousands of israelis took to the streets across the country in anti-government protests of two weeks of rallies demonstrations over housing costs have tapped into why did this content the high cost of living growing gap between rich and poor testers are now being swept economic reforms and social justice a country's prime minister and netanyahu counts that planning representatives of various groups to run a good easing financial burden on these rigs and the protests are expected. now the top u.s. military commander has criticised pakistan not doing enough to root out al qaida a visit to kabul know by now and said the border region between afghanistan and pakistan remains a safe haven for terrorists on top of the was a come as the u.s.

advance to what combat troops from afghanistan handing control over parts of the country to local forces but the taliban remains defiant plates a suicide bomber struck killing people in the south of the country something washington is racing to cut its well spending has increased dramatically since the invasion of afghanistan ten years ago nazis later contributed thinks the west should abandon its conventional military strategy. what is the most obvious and the most necessary measure to slash the u. s. budget deficit for the first time in the earth's history it was not the democrats it was their republicans who launched a fiscal counter offensive against the a sleepy white house regarding how to sledge the budget deficit specifically in military and security fears the main challenge

for the spot senator of the united states is american military doctrine of strategic overload each has to be done that is to ditch the conventional bunker mentality building conventional bloated pentagon budget and to shift into unconventional symmetrical vision of the new and incoming challengers to the united states and to the whole world. but in other news now a tornado swept through russia's far east killing one person in its path of destruction twenty eight other people were injured by the knowledge well when the natural phenomenon considered rare in the region the twister tore through the central city ten rooftops for more than one hundred buildings overturning trees and disconnecting. most of the roads have now been cleared hundreds of heads are still got electricity. from intrusion from going to outside. but.

we also have the money updates and the videos online view is just some of what celebrating from now the support of the staples of former miner fulfills his passion for sailing by gravity pulls up to eight. point three the second course for europe. and legendary australian electro pop duo and part of the sun ready to rock moscow the highly anticipated big. immigrants in the russian capital are being ripped off why dodgy businessmen charge them for living in abandoned old buildings a scam uncovered by a lot seen run of illegal rent collections which local authorities are accused of cashing in on barton investigating the one building complex which has become home

to a group of migrant funders. at first glance it looks like a case of illegal immigrants scots again a former architectural gents. this used to be part of the moscow conservatory. this building here in the center of moscow was formally empty we heard that now there are many immigrants living here in very poor conditions are illegally right in the central city. but they would perhaps have gone unnoticed if it weren't for the fuss raised by the quiet center a group of local residents wanting the migrants off their doorstep by this world as it is good for village and crowded conditions who knows what diseases me may have many of them don't work where they get money to eat by stealing or committing other crimes that's possible legal or his fellow activists call the authorities and the next day we return with offices of the federal migration service. for.

the migrants who do work in their jaws soon wish they hadn't usenet because they might hear you calling ridiculous place for most of what's interesting is just a guest do live here most are too scared to talk to us what we do learn points to a far larger and more shocking story they aren't squatting they're being charged rent a man comes to pick up the money from everyone i live in here i only know his face not his name stop filming me so if we go into one of these rooms this room here as you can see it has one two three four five six beds who knows how many people have to sleep in this room and if we come on to this room here there's two beds possibly more in here that lady doesn't want to talk to was but each of the people that are sleeping in these rooms pay three thousand roubles every month to do that as the migrants are led outside the questioning changes from what are you doing here to

who is keeping you here eventually one of the group quite center provides an answer so when you pleasure probably come up with the local housing committee it happens all. over moscow is unemployed and often illegal immigrants they're forced to pave old in abandoned buildings if they can't they're frozen out and what about the legality of this. local housing community inter shares its earnings with the city council and a district police inspector because it's impossible without their consent when we took these allegations to the federal migration service they admitted it wasn't migrants fault they wanted someone to live in moscow central district government was even more damning confirming our suspicions and admitting the rot goes deep inside the housing administration only did it in order silva it criminal proceedings should be initiated and the kids should be in this to get into a control court a real struggle or officials abusing their job positions will worsen the habit of

listening to our political process to legal migrants him to deal with our investigation revealed just a small part of the scheme to charge illegal rents of hundreds of sites across moscow to people in a desperate position and by providing false hope of a place to live they're only going to encourage more misery for residents and migrants alike from bottom r.t. . business news so far today with korea. held out on top as all advances from a two week slow after u.s. president barack obama announced a framework debt limit deal ahead of tuesday's deadline creatures surged as much as one point seven percent after the announcement in while i report from europe's biggest oil company well that shell says the time of low cost or like gas as and then it says buying resources will get more complex and require one money and

betterment but whatever this will mean cash plans of all rich nations is an open question. the chip image isa function again all of the financial market on the financial market on the aggregate right now is splintering towards countries that want to inflate their situation out of the trouble right here by inflating their systems base think that they get out of trouble and by inflating the system that leads to higher commodity prices with these grains coal or oil will be accurate i think that's what europe has to do on the story and i think that's what the u.s. house will do so from our russian point of view on the aggregate over the long for the oil prices will be harder whether by more things with money i don't think so because this is really a reaction of inflation. let's look at some other figures nonwhites where it is

currently trading at almost ninety seven dollars a barrel while the brand is one hundred and eighteen dollars per barrel our precious metal prices are in the red as investors turn to risk your assets on the other the news of the u.s. debt ceiling gold or losing around point eight percent or so while silver is down point nine percent now world markets show they're relieved to embalm announced u.s. debt limit deal asian markets on high and japanese nikkei is adding almost one point three percent exporters among the main gainers there with car maker honda up almost three percent banking stocks so long the best performers in hong kong h.s.b.c. holding on one point eight percent after announcing a deal to sell almost two hundred of its u.s. we tell branches from one billion dollars and here in moscow stocks surge the most in two weeks as oil and commodities rallied following the u.s. agreement the r.g.s. is up over two percent and the lies it has climbed over one and a half percent now let's have

a look at some individual movers on the lies six energy majors among the main gay newscasts probably up almost two percent while wasna is a long. one and a half percent in the black and banking stocks are also on the rise with the gaining over two percent. now the u.s. debt resolution will be the main driver of investment sentiment on monday but michael stein from a criticized there's a lot of domestic news to give additional support to the markets going forward investors are going to take cues from external depends to a large extent in any case of the markets likely to remain quite volatile as we head into august as the summer volumes dry up and as we head into months which store clear is correlated with bad news today rosneft will be hosting a conference call to discuss their second quarter numbers which were released on friday. protestors going to release a second quarter operating update in the central bank of russia is likely to make an interest rate decision we expect unlike most houses interest rates remain

unchanged for the month of august. and the creation of a russian power generating giant between gasp wrong and i and i guess holding could be blocked the ministry of economic development has opposed the deal saying it goes against the country's energy reform. the company's agreed to merge step generating assets with a new company estimated fifteen billion dollars despite the deal as come under criticism despite that the deal has come under criticism of the company's plan to complete the deal by the end i'll be here. and that's our business out there for more stories of on to our website r.t. dot com.

the. wealthy british style.