in india she is available in the movie joyce below to become a villain the gateway to the grand imperial truth the torch was pushed coromandel. the closure that you see today to go. round to the colonel was her turn to retreat . washington agrees on measures to avoid a default and end the debt crisis which has weighed heavier for america but a plan to save the country from economic collapse is criticizing the failing to solve the nation's long term financial words. 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 from making matters worse. tendencies. not c.s.s. veterans and supporters hold graphics to say the glorification of the nazis and

give rise to nationalism and xenophobia. carrier with our tame it day here in moscow welcome to the program u.s. lawmakers have finally reached an emergency deal to avoid a disastrous debt default after weeks of political bickering instantiate it passed by congress the two step compromise will permit american borrowing to continue after tuesday's deadline in exchange for more than two trillion dollars in federal cuts over next decade the deal was struck off the truck obama held last ditch intensive talks with democrats and republican leaders where increasing america's debt limit however the political structure is far from over the key issue of how to balance the budget being put off for a later date. but it's more important reports that torturous and to reaching

agreements has damaged america's reputation and 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 rock of compromise i devise a debate 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 gotten real close and who knows whether the next month next year this war blow up again since the underlying causes economic problems are getting worse in this country for point five trillion dollars of america's borrowing is owed by foreign countries experts say washington's mismanagement may

cause investors to abandon the devalued dollar and end their partnership with america it's like being married to someone you have to so many years the richer you well know what'll i do how much. would this relationship the us will be in for a long time the only game in. unity is making noises china is making noises you know we're not alone in our ability to be hostile toward you for being in the world the result could spark a replay of the two thousand and eight at the nomic meltdown except this time washington 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 mortgages and on. which amounts to a huge tax hike on the american people as the countdown neared all three big

reading giants moody's fitch and standard and poor's threatened america's how lowed triple a score unless a deal with hammered out and the fourteen point three trillion dollar debt getting higher economists say america's unsustainable budget deficits are the biggest threats to the nation it's like the batteries worn out the spark plugs don't work the tears 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 debt 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 out of the debt instead of the u.s. president repeatedly asked americans over the past week to join the campaign to borrow and spend more make a phone call send the e-mail tweet keep the pressure on washington and we can get first this all 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 a growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york well. experts in investment opportunities in unpopular and distressed markets told r.t. that american lawmakers are the new green for the u.s. economy. they are nice that eighty percent of the spending the mandatory spending already now exceeds the tax revenue so even if they try to cut the budget for the expenditure they would have to default because the mandate for the country spending obligations which the us government can't back down on exceed the tax revenues or some of the other the u.s. government will have to default on its obligations the worst lose a lot of all of this i think is the u.s. dollar the u.s.

doesn't deserve a aaa credit rating it is a joke if you look at this 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 believe 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 seeing weakness in the u.s. dollar which is obviously very bullish for commodities and precious metals such as gold and silver. but meanwhile economics expert max fraud wolf says the compromise achieved by u.s. legislators only changes the speed of the debt that 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. proud well fed chief economist at green quest capital talking to r.t. from you. still to come later this hour the dark side of immigration.

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. brought in discovers a property scam where i'm getting immigrant. cross mascot local authorities accused of cashing in on people going to collections. 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 the opposition stronghold and the latest round of crackdowns just as president bashar assad to step down more than one and a half thousand people are said to have been killed in clashes since a match for me is calling the session of the un security council to convene on

monday syria is already under a set of american and new sections of sudden tough western iraq there is association it's the west that's the credibility to fear this is. the interference of the outside world in my view can be counterproductive unless it is directed properly rather than just making wild statements like for instance the usa will 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. with syria and 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. says what he's saying everybody in syria and out of world will immediately respond.

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 crazy statements when i would say the regime is less than a dollar not. that it should be it's using use of force the world can play at all but i think the present moment it's not playing the cards. but russia has condemned the violence in syria poses any un resolution targeting damascus roscoe warren sub steps could lead to a libya style scenario the coalition has been accused of stepping outside the limits of its un mandate when there are in the twenty minutes time russia's deputy foreign minister tells r.t. how the syrians should be solving their problems themselves. well you know again 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 particular situation the background of its conflict the form of the scale public religious the sutra on the other hand we should learn our lessons a number of international players tend to degrees from the street towards a reasonable fee instructions and the spirit of these resolutions therefore we are naturally concerned that such a loose interpretation is controlling result in making some of the opposition circles taking their position and or for a tougher approach which is by no means a positive achievement in terms of finding a mutually acceptable solution. although not system is condemned worldwide there are still pockets of support in some areas of europe over the weekend estonian veterans of nazi s.s. and allied troops in the second world war rallied other battle of the red army at the same time authorities refused to authorize a anti fascist demonstration as artie's sarah first discovered that estonia show

support for nazis and is feeding a dangerous new ultra right movement. well here in the estonian town of cinema nineteen forty four it's a scene of fierce fighting between saviors soldiers and yes this. we're here by the monument to commemorate the save its 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 stay near there is an event this gay widespread criticism for glorifying is a. former soldier of the office i will form but. it's something at the moment you don't think about things about people over. the war but for. him country and most of year it these kind of events abound i'm not going there is no

way you're going to hear. it in a state in years a different story altogether. and it's common in the story you can call these people freedom fighters we hold your protest rallies on the screen do you hold this event to remind them what they are given allegiance to hitler could have done what they had never liberated. moreover money of them were engaged in one of them are more or less accomplices of crimes committed by nazi germany. in fact in recent years the astin you know thirty's and made it increasingly difficult for those who come to oppose the events this year once again members of the and he fascist movement were detained at the pool down and pulled over by the police a car we were traveling in was also stopped for questioning on the way in. i have an entry. of course any kind of other opinions from their own opinion which is very very much supporting. the revival of the far right across

europe is caused growing concern right parties are gaining ground in countries like australia finland and france savage sluice are by far right extremists and is brave it can always recently it's driven home just how dangerous these remain i think this is a problem of. the. far right wing extremism and the fact that you with all of these. calls calls the. works of this he use a far failed to take decisive action to stalk nazi commemorations within its borders push for international legislation to condemn the glorification of wartime fascism prevents like the one insisting it make it glaringly clear the not all countries are on board critics of this event argue that the gathering provides

a four and a dangerous near fascist state there is the government's failure but it is seen at the very least as being morally and politically insensitive. artsy dania. well take a look at some other international headlines now the suspected leader of one of mexico's most notorious drug cartels confessed to ordering the murder of fifteen hundred people police arrested a thirty three year old man as the regular friday using him of being the head of a gang of hired killers working for a major crime ring the cartel controls the smuggling of drugs into the united states from here the deadliest mexican city where more than three thousand murders took place last year. clashes between libyan rebels and colonel gadhafi is no lists six people dead in the opposition held city of benghazi the fighting started when rebels attacked forces that aided the prison break of some three hundred proving that the soldiers becomes less than

a week after the revolution the commander of the abuse former interior minister. is killed in the ongoing civil war in libya began months ago ports that two thousand people have all died pretty. north korea has announced its willingness to resume international talks to end its nuclear arms program the comments come after a high ranking pyongyang diplomat visited new york 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. young pulled out of talks in april two thousand not enough to be censured a long range missile. over the weekend tens of thousands of israelis took to the streets across the country anti-government protests after more than two weeks of rallies and demonstrations over housing costs have tapped into

why the discontent with the high cost of living and the growing gap between rich and poor testers are demanding swift economic reforms and social justice become trees a prime minister in minutes and now who wants that he will gather representatives of various groups to form a plan in that easing the financial burden on the israeli citizens who are expected . the top u.s. military commander has criticised pakistan for not doing enough to root out al qaeda when the visit to kabul mike mullen said the border region between afghanistan and pakistan remains a safe haven for terrorists. towards the war zone comes as the u.s. begins to withdraw its combat troops from afghanistan and the control over parts of the country to local also its taliban remains defiant into suicide bomb strike killing eleven people in the south of the cultural sunday washington is struggling

to cut its way all spending has increased dramatically since that is down ten years ago ati's military contributor thinks the u.s. should abandon its conventional military strategy. what is the most obvious. the most necessary measure to slash the u. s. budget deficit for the first time in the u.s. history it was not the democrats it was the republicans who launched a fiscal counter offensive against the a sleepy white house regarding how to assuage the budget deficit specifically in military and security fears the main challenge for the fiscal sanity of the united states is american military doctrine of strategic overreach what has to be done various to ditch their conventional bunker mentality really conventional bloated pandering and budget and to shift into

unconventional symmetrical vision of the new and incoming challenges to the united states and to the whole world. with other needs the tornado swept through us it's far east killing one person it's destruction twenty eight others were injured by the large world a natural phenomenon considered rare in the region the twister tore through the center of the city so smooth behind buildings because trees this committee power lines this neighborhoods have now been cleared out and. the city. for matter what size it's not. there we have more news updates and videos online few years just some of what's waiting there right now disabled former miner fulfills his passion for sailing navigating russia's very waterways an intricate voyage of setting pause for europe.

also online dynamic australian electro pop duo empire of the sun ready to rock moscow in a highly anticipated gig. if . he. ever gets in the russian capital being ripped off by dodgy businessmen who charge them for living in apparent and old buildings the scam uncovered by a latina balls he will rent collections which the local authorities are accused of cashing in on barton investigating one building complex which has become home to a group of migrant violence. but first glance it looks like a case of illegal immigrants squatting in a former architectural gem. this used to be part of the moscow conservatoire. this

building here in the center of moscow was formally empty we heard but now there are many immigrants living here in very poor conditions are illegally right in the center of the city. but they would perhaps have gone unnoticed if it weren't for the fuss raised by quiet center a group of local residents wanting the migrants off their doorstep. with village in crowded conditions who knows what diseases they may have many of them don't work where they get money to eat by stealing or committing other crimes because he go on his fellow activists call the authorities and the next day we return with officers of the federal migration service. the migrants who do open their doors soon wish they hadn't these neighborhoods they might hear you paying rent to for this place. what i'm just a guest here just a guest do you live here. most are too scared to talk to us but 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 living 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 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 birds possibly more in here that lady doesn't want to talk to us 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. if the local housing committee it happens all over moscow is unemployed and of an

illegal immigrants there for therapy of say an old in abandoned buildings if they can't they're frozen out and what about the legality of this. the local housing committee in turn 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 the migrants fault they wanted someone to live the moscow central district government was even more damning confirming our suspicions and admitting the rot goes deep inside the housing administration we're the only that it is not a soldier it will proceedings should be initiated and the kids should be in this to get in taken to court or else other officials abusing their job positions will worsen the habit of letting dilapidated hoses to legal migrants. or 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 party. back with a recap of our main stories shortly but first the business news the current. hour welcome to our business sports and just twenty four hours left before the u.s. government runs out of money. after president obama announced democrats and republicans have agreed on two and a half trillion dollar cost cutting programs for the next ten years but crucially it has to be passed by the senate which would allow the country to raise its debt ceiling if it's blocked the country would go into a technical default which would be a game changer for the world's markets for as long as people have been studying contracts and financing u.s. treasury has been viewed as a aaa credit if the u.s.

were to default on any of its financial obligations it would be a terrific game changer which would trigger a big straight from global risk aversion in my personal opinion and i would most likely hot pursuit to take you to some sort of a recession in the united states even though a lot of people would view this is a technical default and short this is an event that has a substantial amount to risk in other words so we're in uncharted waters here it's completely unclear what could happen if the u.s. did in fact to pull its debt but one thing sure and that's a very negative development for investor confidence and for markets generally in the world. now let's take a look at the markets all advances from a two week slow up to u.s. president barack obama announced a framework that limit deal head of tuesday's deadline richard serves as much as one point seven percent after the announcement meanwhile the report from europe's biggest oil company well got shell so the time of low cost oil and gas isn't the end he says finding resources we need more complex and require more money and

investment whether this will mean a cash bonanza for all rich nations is an open question. the cheap energy is a function again of the financial market and the financial market on the aggregate right now is pointing towards countries that want to inflate their situation out of the trouble right here by inflating their systems based thing that they get out of trouble and by inflating the system that leads to higher commodity prices with these grains coal or oil or be accurate are you seeing guys with europe for us to do i mean stored and i think that's where the u.s. has to do so from a russian printer view on the aggregate over the long term the oil prices will be higher. by more things with the money i don't think so because this is really a reaction of inflation. now let's look at some oil prices figures now light sweet

is currently trading at ninety seven dollars per barrel on branches one hundred nineteen dollars per barrel and precious metal prices are in the red on positive news over the u.s. debt ceiling gold is losing around point seven percent while silver is down point eight percent. of the market so they're relieved to abandon else who is dead in the deal asian markets are higher japanese nikkei is adding almost one point three percent exporters among the name game is there with car maker honda up almost three percent and banking stocks among the best performers in hong kong h.s.b.c. holdings climbed one point eight percent after announcing a deal to sell almost two hundred of its u.s. retail branches for one billion dollars stocks in europe opened sharply higher on monday germany's dax jumped one point three percent and the pussy rose over eight percent banking stocks are boosting the indices shares of commerce bank account of five percent we called rose over three percent on barclays bank and one point two

percent and here are not good stocks surge the most in two weeks as orland commodities rise the odds here. is up one point seven percent and the ninety six is gaining one point three percent now let's have a look at some individual movers on the my six energy majors among the main gainers where gas prices up over one and a half percent in value stocks are also on the rise would be up nearly two percent and power generated into rubble is also the company has tripled its net profit in the first half of the year reaching eighty three million dollars. now the creation of a russian power generating giant between gazprom then i e that's holding could be blocked the ministry of economic development has opposed the deal saying it goes against competition rules last month the company has agreed so much that power generating assets into a new company estimated at fifteen billion dollars. that's all the update for now but i'll be back with more about what you stay with us.

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