india is available in the movie the joint people chose the movie that's the case where you go to the grand imperial through the george west coast coromandel you can a little closer to to see don't need to go and. read this in the kennel was her job as a retreat. washington agrees on measures to avoid a default and then that debt crisis which is weighed heavy over america the plan to save the country from economic collapse is criticize playing to solve the nation's long term financial collapse and. the west threatens to punish the syrian regime creates this round of crackdowns on protesters which reportedly killed more than one hundred people some experts warn that foreign interference only make matters

worse. downing tendon says as a stern years of nazi s.s. veterans and supporters home ground activists say to forfeit cation not just gives rise to nationalism xenophobia across europe. and business all advances from one to weak slow after u.s. president announced the debt limit deal hairpieces headline find out how markets are reacting to this in our business broadband and try to answer. world news and much more twenty four hours a day this is a table straight to our top story now 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 will permit american borrowing to

continue after tuesday's deadline. in exchange for more than two trillion dollars in federal cuts next decade he was struck off the rock obama health lost its intensive talks and democrats and republican leaders on increasing america's debt limit however the political struggle is far from over the key issue of how to balance the budget put off for they today but as the point now reports the torturous senate to reach an agreement has damaged america's reputation so from now on and help us avoid default that's your notion of fault 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 a debate over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy and damage when done no matter what happens and everybody really thinks the united states isn't social cure it isn't so safe even if the

craziness subsides it seems to have got real close and who knows whether the 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 end their partnership with america there is some. of the richer you will know where you. grew up with this relationship you know the u.s. will be. the only game in. making noises chinese made noises you know we're alone now in our ability to. sing in the world the result could spark a replay of the two thousand eight. hundred 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 thorold's which amounts to a huge tax hike on the american people as they count down near zero all three big reading giants moody's fitch and standard and poor's threatened america's hollowed 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 threats 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 debt but really because we're not creating any way to get out of it that 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 so the 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 agreeing on how to solve it. r.t. new york. an expert in investment opportunities in them for their distrust markets told r.t. that american lawmakers are great for the u.s. economy. the army is that eighty percent of the spending

with the mandatory spending already now exceeds the tax revenue so even if they try to cut the budget over the expenditure they would have to default because the mandatory or the composer is spending obligations which the u.s. government can't back down on exceed their tax revenue source and all the other the u.s. government who 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 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 fraud wolf first says the

compromise achieved by u.s. legislators really changes the speed of the debt well that's 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 plant 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 onto 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 been continues to hurt the faith and credit the world has in the united states the united states has the kind of budget imbalance that normally does occasion a downgrade we do have a particular set of opportunities in the united states not available to countries which is a good reason not to downgrade and that is we can print the world's global reserve currency now without defacing and devaluing that currency but we can print it so the united states borrows in dollars and has the sole unique legal right to pay things and produce dollars which is eniac situation and makes us more credit worthy a downgrade which i think is quite possible and the sheer spectacular public failure of the american political system will take a while to figure out but they will not be minor and they will not be positive just

so people know the statutory debt limit of the united states has been raised ninety times since one nine hundred forty that's an average of one point three to one point. times a year every single year there's another funny thing that no one seems to mention about the debt ceiling which i find interesting as something of an economic historian and that is that the debt ceiling came into being in one nine hundred seventeen because people in the united states were afraid that congress would enter world war one the looming conflict of its head and the idea was to make sure that our government the united states government didn't enter us into wars without being sure they could pay for them now without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with in one thousand seventeen and someone failed to remind us of as we went into afghanistan and iraq so there's actually a very interesting historical story around the debt ceiling or statutory debt limit which i've noticed hasn't been much told of late. next month wolf that chief economist at request capital talking to r.t.

from new york. well still to come later this hour the dark side of integration. 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. he discovers a property scam. migrants are trying to ban from buildings across moscow local authorities accused of cashing in on the brain collection. washington and germany are threatening to take decisive action against the syrian regime which reportedly killed more than one hundred people on sunday government forces raided the city of hama with tanks wreaking havoc on the opposition stronghold is the latest round of crackdowns on protests to present such a step down from two thousand people a second killed in clashes since march germany's calling for an emergency session

of the un security council to be. syria really under a second sanctions at seven. eastern thought of noise association thinks the west doesn't have the credibility to interference in. 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 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 to leave their damage with syria and libya but the same down there not the level of yemen they have not done it with other places where there is uprising including rain forest when president obama says what he's saying everybody in syria and out of work will be here to risk. one thing among.

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 you know the regime is let's limit or not or whether it should be it's using use of force the world can play on 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 targeting damascus what's the one side steps could lead to a dubious start scenario that coalition has been accused of stepping outside the limits of its un mandate when just over an hour's time russia's deputy foreign minister tells r.t. why the syrians should be solving their problems themselves. but if. 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 the strong flute the form and the scale of public focused on the other hand we should learn our lessons a number of international players twenty 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 good only result in making some of the opposition circles taking their position and order for a tougher approach which is by no means a post of achievement in terms of finding a mutually acceptable solution. to the tyrian thing situation in syria has left many wondering how can the crisis may result and your opinion on the issue is the web site and cast your vote have a look now and so far all voters favor peaceful solutions the complex suggesting that should be helped in starting

a dialogue with the opposition the same number of people feel that staying away from serious problems and together is the best approach. twenty five percent think this edition should be aided and asked to then hold elections and the least number of voters believe in more radical measures like sending in troops to occupy the country while if you haven't voted already you come to r.t. dot com and have your say. although not system is condemned worldwide there are still pockets of support in some areas of europe where we can the stone veterans of the nazi s.s. but for our like troops in the second world war right on the anniversary of the battle of the red army at the same time of proteins refused to authorize a rifle and a fascist demonstration was artie's sarah ferguson covered estonia show support for nazis and is feeding a dangerous new ultra right movement. we're here in the estate in pound a cinema that in one thousand nine hundred forty four is a scene of fierce fighting between state soldiers and yes this is where here by the

monument to commemorate the savior soldiers that died in that fight less than a mile away and also the scene of a gathering of veterans of this day near. a widespread criticism the core of. former soldiers of lawfulness from korea but. something the moment you don't think about the good things about the people of. the war the for. whom country and most of year at these kind of events abound in both north and the here it in the stone year it's a different story altogether. and it's common in the story to call these people freedom fighters we hold or protest rallies on the same grade they hold this event

to remind them what they are given allegiance to hitler. they have never liberated moreover money of them are engaged in one of them are more or less incompetence of the crimes committed by nazi germany. in fact in recent years he is still you know thirty's and made it increasingly difficult for those who come to oppose the events this year once again members of the anti fascism movement but attained at the buddha and pulled over by the police car we were traveling in was also a stop for questioning on the way in i was. told. i have a mantra for the country and of course once again a kind of other ok near them their own opinion which is very very much supporting the basis of the revival of the far right across europe has caused growing concern about your right party. gaining ground in countries like australia finland and france savage sluice are by far right extremists and is brave it can always

recently has driven home just how dangerous these remain i think this is a problem of. extremism for right wing extremism and the fact the authorities you. calls calls the yards. of this believe you say far failed to take decisive action to stop nazi commemorations within its borders russia's push for international legislation to condemn the glorification of wartime fascism but events like the one in a sting and make it clear in the clear that not all countries are on board critics of this event hardly that the gathering provides a for and for dangerous near fascist i did is the government's failure to ban it is seen at the very least as being morally and politically insensitive served our city . well the threat of nots isn't really into the spotlight on the sandwich killing

of dozens of people in norway for the latest news updates and billions on our web site r.t. dot com. joining us to get into some of that anders breivik used to the shocking side effect his equipment used for the massacre that you can buy observe since. also online was dramatic video of one tornado sweeping through russia's far east cross the path of destruction. and dynamic australian electro pop duo end part of the sun peter rock was going to try to take a gig. if. let's take

a quick look now at some other international headlines for you 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 l t a go 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 owners the deadliest mexican city with more than three thousand americans took place last year. clashes between libyan rebels and colonel gadhafi as loyalists left six people dead the opposition held city of benghazi the fighting started when rebels attacked the forces that aided the prison break of some three hundred pro good other soldiers becomes that less than a week of the rebel military commander libya's former interior minister abdul fatah yunus was killed along going civil war in libya began two months ago was that more than two thousand people have already died in the party. north korea has

announced its willingness to resume international talks to end its nuclear arms program the comments come after a high ranking diplomat visited new york 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 pyongyang pulled out of talks in april two thousand and nine after be censured for launching a long range missile. and their weekend tens of thousands of israelis took to the streets across the country in antigovernment protests after two weeks of rallies demonstrations over housing costs have tapped into why the distance and the high cost of living and the growing gap between rich and poor the testers are demanding swift economic reforms and social justice the country's prime minister binyamin netanyahu announce that he will gather representatives of various

groups to form a plan aimed at easing the financial burden on israeli citizens protests are expected. immigrants in the russian capital are being a ripped off by dodgy businessmen who charge them for their pound in the buildings and scam uncovered by our team of illegal rent collections which the local authorities are accused of cashing in on bottom investigating one building complex which has become home to a group of migrant families. but first glance it looks like a case of illegal immigrants squatting in a former architecture of german 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 central 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. of the 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 from us would 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 or what and just to give you 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 their money from everyone living here i only know his face not use the 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 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 when you come up with the local housing committee it happens all over moscow is unemployed and of an illegal immigrants therefore the pave stay in old in abandoned buildings if they can't they're frozen out and what about the legality of this they were 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 but when we took these allegations to the federal migration service they admitted it wasn't

the migrants fault they wanted someone to live in moscow central district government was even more damning confirming our suspicions and admitting that the rot goes deep inside the housing administration that's clearly that it is not the silver it will proceedings should be initiated and the kids should be in this to get in kick into court or else other officials abusing their job positions will worsen the habit of letting dilapidated hoses to legal migrants. for 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. i'll be back on the recap of our main story shortly but first is the business news with.

our welcome to our business bulletin this hour is advancing from with two weeks alone that the president obama and else democrats and republicans have agreed to a half trillion dollar cost cutting program for the next ten years this will ensure that the debt ceiling is raised and now we know default on its payments meanwhile a report from europe's biggest oil company royal dutch shell says the time of low cost of oil and gas seems to be over says mining resources will be more complex and require more money. but where this will mean a cash bonanza for oil rich nations is an open question. the cheap energy is a function again of the financial market and the financial market on the aggregate pointing towards countries that want to inflate their situation out of the trouble right by inflating the assistance they think the big get out of trouble and by inflating the system that leads to higher commodity prices will use grains call for

oil on the aggregate i think does what europe has to do the story 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. by more things with the money i don't think so because this is really a reaction of inflation. let's take a look at the figures now light sweet is currently trading at ninety seven dollars per barrel while brant is trading at one hundred nineteen dollars per barrel and precious metal prices are in the red on all the news over the us that ceiling gold is losing around point seven percent the sound while silver is down point nine percent the world markets show their relief after obama announced u.s. debt limit deal asian markets are higher the japanese nicky and the with a one point three percent higher exporters were among the main game is there with

car maker honda up almost three percent and banking stocks among the best performers in hong kong has b.c. holding on to one point eight percent after announcing a deal to sell almost two hundred of its u.s. retail branches for one billion dollars now europe is trading in the black stocks among the number listed by news of the debt ceiling agreement in the u.s. banking stocks are higher with barclays bank gaining one point two percent and commerzbank up over five percent on the docks mining shares are also on the upturn with xstrata up nearly two percent anglo american adding one point eight percent each group of the ten gained one point seven percent. here in moscow stocks surged the most in two weeks as oil and commodities rise the r.t.s. is a promise two percent and in my six who's gaining one point seven percent now let's have a look at some individual movers on a miser x. and if you majors among the main gainers with gazprom gaining one point nine percent as our banking stocks are also on the rise would be to be up over two

percent and power generated into rock was also is also gaining the company has tripled its net profit in the first half of the year reaching eighty three million dollars. the creation of a russian power generating giant between gas from an i.e.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 match their power generating assets into a new company estimated at fifteen billion dollars. that's it for now but stay with us for headline news will carry coming up next.

is today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are rooted a. wealthy british style sun.