all. in india. the move to join. the gateway hotel the grand imperial truly the torch was pushed coromandel told.

to go. read the sun the colonel was hurt as a treat. washington agrees on measures to avoid a default and end the debt crisis which is way too heavy for america but a plan to save the country from economic collapse is criticised for failing to soften the nation's long term financial well as. the west threatens to punish the syrian regime the latest round of crackdowns on protesters which reportedly killed more than one hundred people but some experts warn that foreign interference would only make matters worse. tendencies. veterans and supporters hold to say the glorification of. give rise to nationalism and xenophobia europe.

korea with our tame 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 and stalemate if passed by congress the two step compromise would permit american borrowing to continue after tuesday's deadline in exchange for more than two trillion dollars in federal cuts over the next decade the deal was struck after a bomber held last ditch intensive talks with democrat and republican leaders when increasing america's debt. it's all over the political structure is far from over but the key issue of how to balance the budget being put off for a later date but as we're at a point now reports the torturous and then the road to reaching agreement has damaged america's reputation. help us avoid default debt ceiling nation default and that's 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 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 no matter 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 next month next year this won't blow up again since the underlying causes economic problems are getting worse in this country four 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 their partnership with america it's like being married to someone does. if they were jerks you want to know what 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 jail but the your community is making noises chinese making noises we're going to we're alone now in our ability to be a repository for financing 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 on mortgages and on. which amounts to a huge tax hike on the american people as the countdown neared zero all three big reading giants movies fitch and standard and poor's threatened america's hallowed triple a score 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 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 an e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world's 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 agreeing on how to solve

it. r.t. new york well. next put an investment opportunities in the unpopular and distressed markets told r.t. that american lawmakers are digging a grave for the u.s. economy. the army is that eighty percent of the spending the mandatory spending already now exceeds the tax revenue so even if they try to cut the budgets of expenditure they would have to default because the mandatory or the compulsory spending obligations which the us government congress downhome exceed the tax revenues or some all the other the u.s. government would have to default on its obligation 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 the 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 seeing this 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 and the changes the speed of the debt 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 done 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. fraud off there chief economist at green quest capital talking to r.t. from you. well there 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 and illegally.

party discovers a property scam where i'm getting immigrants so cramped and abandoned buildings across moscow local authorities accused of cashing in on rent 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 working havoc on the opposition stronghold the latest round of crackdown to. president bashar assad to step down more than one and a half thousand people are said to have been killed in clashes since march twenty fourth urgency session of the u.n. security council to convene on monday syria is already under a set of american and new sections of southern restaurant lawyers association thinks the west has the credibility to interfere seriously is. the interference

of the outside world in my view can be counterproductive unless it is directed properly rather than just making these 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 to leave their ballot 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 bahrain for instance when president obama says. what he's saying everybody in syria and then the arab world will immediately respond back up by one ten or more bearing 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 less than it or not

or whether 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. well russia has condemned the violence in syria but still opposes any u.n. resolution toilet in damascus moscow warned such steps could lead to a libya style scenario with nato that coalition has been accused of stepping outside the limits of its un mandate when they're under twenty minutes time russia's deputy foreign minister tells r.t. why the syrians should be solving their problems themselves. 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 or the background of its conflict the form of the scale of public protest the senator on the other hand we should learn our lessons a number of international players tend to degrees from the strict observation of

both the instructions and the spirit of these resolutions therefore we are naturally concerned that such loose interpretations could only result in making some of the opposition circles taking their position and orders 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 the stoning veterans of the nazi s.s. which support the allied troops the second world war rallied on the anniversary of a battle with a red army at the same time authorities refused to authorize a rival 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 the cinema that in nineteen forty four is a scene of fierce fighting between saviors soldiers and yes this is where here by

the monument to commemorate the soviet soldiers that died in that fight less than a mile away and this town's all say the scene of the gathering of veterans of this day near waffen s.s. is an event this game widespread criticism for glorifying naziism. association of former soldiers the officers off or on but it's something at the moment you don't think about later or think about people. got to war but for. country and most of year it these kind of events abound. in order to hear it in a stirring year it's a different story altogether. it's common in the story of to call these people freedom fighters we hold or protest rallies on the same day they hold this event to

remind them what they are doing had given allegiance to hitler to tell them what they had never liberated dystonia moreover money of them were engaged in and all of them are more or less accomplices of the crimes committed by nazi germany. in fact in recent years the eastern you know thirty's have made it increasingly difficult for those who come to oppose the event this year once again members of the anti fascist movement were detained at the buddha and pulled over by the police the car we were traveling in was also stopped for questioning on the way in i was stopped and i was told. i have an entry to the country and of course they don't want any kind of other opinions than their own opinion which is very very much supporting the. movement of the revival of the far right across europe has caused growing concern oh sure right parties it gaining ground in countries like austria finland and france savage sluice are by far right extremists and as brave can always

recently has driven home just how dangerous these fees remain i think this is a problem. extremism and far right wing extremism and the fact the authorities. calls calls the arms. of this these say far failed to take decisive action to stop nazi commemorations within its borders bush's push for international legislation to condemn the glorification of wartime fascism but events like the one in a sting and make it glaringly clear that not all countries are on board critics of this event hardly that the gathering provides a for and for dangerous near fascist ideas the government's failure to ban it is seen at the very least as being morally and politically insensitive surf r.t. . with

a look at some other international headlines now the suspected leader of one of mexico's most notorious drug cartels has now confessed to ordering the murder of fifteen hundred people police arrested the thirty three year old man known as and diego on friday accusing 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 the. deadliest mexican city where more than three thousand murders took place last year. clashes between libyan rebels and colonel gadhafi loyalists have left 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 pro gadhafi soldiers becomes less than a week after the rebel military commander in libya's former interior minister. yunus was killed the ongoing civil war in libya began four months ago ports that

two thousand people have already died in fighting. 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 but young young pulled out of talks in april two thousand and nine nothing censured launching a long range missile. but over the weekend tens of thousands of israelis took to the streets across the country in anti-government protests after more than two weeks of rallies and demonstrations over housing costs have tapped into why did discontent over the high cost of living and the growing gap between rich and poor testers are demanding swift economic reforms and social justice become trees prime minister binyamin netanyahu wants that he will gather

representatives of various groups to form a plan aimed at easing the financial burden on israeli citizens while the protests are expected. the top u.s. military commander has criticized pakistan for not doing enough to root out al qaida on the visit to kabul mike mullen said the border region between afghanistan and pakistan remains a safe haven for terrorists among hundreds toward the was that comes as the u.s. begins to withdraw its combat troops from afghanistan and the control over parts of the country to the wall says the taliban remains defiant and then to suicide bomb strike killing eleven people south of the country on sunday most into this struggling to cut its war spending has increased dramatically since the invasion about ten years ago ati's military contributor thinks the u.s. should abandon its bench no military strategy. what is the most obvious

and the most necessary measure to slash the us budget deficit for the first time in the us 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 slash the budget deficit specific only in military and security affairs 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 real big conventional bloated bandwagon budget and to shift and unconventional a symmetrical vision of the new and incoming challengers to the united states and to the whole world. with other news

a tornado swept through russia's far east killing one person in its path of destruction twenty eight others were injured by the large well when a natural phenomenon considered rare in the region the twister tore through the center of the city rooftops moved one hundred buildings overturning cars and trees and disconnecting power lines and most of the roads have been cleared and just a road there still got tricity. dramatic pictures you can website at r.t. dot com. and we have more news updates and videos online few years just some of what's waiting for you there right now disabled former miner fulfills his passion for sailing on that big eight russia's very waterways and the intricate voyage of setting ports for europe. also online dynamic australian electro pop duo empire of the sun ready to rock moscow in a highly anticipated gig.

if. there are grants in the russian capital are being ripped off by dodgy businessmen who charge them for the living in abandon those buildings the scam uncovered by a latte involves illegal rent collections which local authorities are accused of cashing in on barton investigated one building complex which has become home to a group of migrant families. at first glance it looks like a case of illegal immigrants squatting in a former architect true gem. this used to be part of the moscow conservatoire. 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 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. village in crowded conditions who knows what diseases they may have many of them don't work where they get money to eat make stealing or committing other crimes. 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 course you might hear you paying rent too for this place. what i'm just a guest here just again asked 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 beds possibly more in here that lady doesn't want to talk to us 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 quiet center provides an answer on your life that what you can't is the local housing committee it happens all over moscow as unemployed and of an illegal immigrants they're forced to pave stay in old in abandoned buildings if they can't they're flown out and what about the illegality 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 that the rot goes deep inside the housing administration we're the only that it you know disorder it really were proceeding should be initiated and the kids should be in this to get into taken to court or else other officials abusing their job positions will worsen the habit of letting dilapidated houses to legal migrants him. our investigation revealed just a small part of the scheme to charge illegal rents at 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 tom barton r.t. . back with a recap of our main stories shortly but first the business news with korea.

hello and welcome to our business bulletin there's just twenty four hours left before the u.s. government runs out of money a debt deal now seems imminent after president obama announced democrats and republicans had agreed on two and a half trillion dollar cost cutting programs for the next ten years but coarsely 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 market. for as long as people have been studying and practicing finance the u.s. treasury has been viewed as a aaa credit india for the us were to default on any of its financial obligations it would be a terrific game changer which would trigger a big spike in global risk aversion in my personal opinion and i would most likely pursue potato some sort of a recession in the united states even though

a lot of people would view this as a technical default and short term this is an event that has a substantial amount of tail risk in other words so we're in uncharted waters and it's completely unclear what could happen if the u.s. did in fact to pull to its debt but one thing is sure and that's a very negative development for investor confidence and for markets generally around 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 debt limit deal head of tuesday's deadline future surged as much as one point seven percent after the announcement meanwhile the report from europe's biggest oil company well dutch shell says the time of low cost oil and gas is at the end it says finding resources we need more complex and require more money and investment whether this will mean a cash bonanza for oil rich nations is an open question. the cheap energy is a function again all of the financial market and the financial market on the

aggregate right now splinting 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 inflating the system that leads to higher commodity prices where they screens coal or oil or on the aggregate i think does what europe has to do. and i think does 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 by more things with the money i don't think so big. 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 while brant is 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. world markets show their relief to obama announced u.s. debt in the deal asian markets are high at japanese nikkei is adding almost one point three percent exporters among the main gain is there would call make a 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 open shop the high on monday germany's dax jumped one point three percent on the footsie rose over eight percent banking stocks on boosting the indices shares of commerce bank jumped five percent coal rose over three percent while barclays bank gain one point two percent and here in moscow stocks surged the most in two weeks as for lead in commodities rise the odds he has is up one point seven percent in the mines excuse gaining one point three percent now let's have

a look at some individual movers on the mind six energy majors among the main gainers with gas probably up over one and a half percent value stocks are also on the rise with be a nearly two percent and poly 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 gas from when i s. holding could be blocked the ministry of economic development has opposed the deal saying it goes against competition rules last month the companies agreed to much the power generating assets. into a new company estimated fifteen dollars. that's all for now but i'll be back with more in about forty.