all. in india in the movie the joint the hotel room is. the gateway hotel

the grand imperial truly told us to. sit don't need to go. round the sun the colonel was a hotel as a treat. washington agrees on measures to avoid a default and end the debt crisis which is weighed heavy for america but the plan to save the country from economic collapse is criticize him to solve the nation's a long term financial collapse of. the west threatens to punish the syrian regime latest round of crackdowns on protesters which reportedly killed more than one hundred people some experts warn that foreign interference with only make matters worse. attendances. nazi s.s. veterans and supporters activists say the. system will give rise to nationalism

xenophobia. and business all advances from one to two weeks after u.s. president announced the debt limit deal. find out how markets are reacting to this and entitlements time. 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 put american borrowing to continue after tuesday's deadline. in exchange for more than two trillion dollars in federal cuts over the next decade it was struck off the barack obama held last intensive talks with democrat and republican leaders on increasing america's debt limit

however the political struggle is far from over but the key issue of how to balance the budgets being put off for they to date but as marina point now reports the torturous and then think to reach an agreement has damaged america's reputation so from. help us avoid the fall 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 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 war and 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 it's like being married to someone to serve a year just so that 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 mortgages. 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 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 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 marina port niall r.t. new york. an expert in investment opportunities you know i'm popular and distressed markets told me that american lawmakers a grave 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 budgets of expenditure they would have to default because the mandatory or the composer is spending obligations which the u.s.

government congress back down on exceed the tax revenues or some of the other the u.s. government would 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 seeing this 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 says the compromise achieved by u.s. legislators really 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 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 not without debasing 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 day 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 and without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with the nine hundred 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. wolf that chief economist at a green quest capital talking to r.t. from the uk. 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.

party discovers a property scam team migrants are trying to abandon buildings across moscow the cool thirty's accused of crashing into legal brain collections. 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 protesters in the present side to step down and one of the half thousand people a second been killed in clashes since march germany's calling for an emergency session of the un security council to be a serious very under a second american a new sanctions. instant of that kind of noise association thinks the west doesn't have the credibility to interference in his affairs. 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 has 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 like to believe they've done it with syria and have done it with libya but the same down they have not done it with yemen they have not done it with other places where there is uprising including battling for its for when president obama says what he's saying everybody in syria and out of world will immediately respond back up by one time a bad thing 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 crazy statements

when i was you know the regime is let them out 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 targeting damascus what's going to war in such steps could lead to a libya style scenario that coalition has been accused of stepping outside the limits of its u.n. 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. 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 particular situation of the background of this conflict the foreman the skilled public routers the sutra on the other hand we should learn our lessons

a number of the international players tend to degrees from the strict observation of both the instructions and the spirit of these resolutions therefore we are naturally concerned the such a loose interpretation is could only result in making some of the opposition circles taking their position and ordered for a tougher approach which is by no means a post of achievement in terms of finding a mutually acceptable solution to. the deteriorating situation in syria is there for many wondering how can the crisis be result what is your opinion on the issue you can visit our web site and cast your vote we have a look now and so far third of all voters favor peaceful solution to the conflict suggesting that sad 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 the physician should be aided in sad and then free elections and the least number

of voters believe in more radical measures like sending troops to occupy the country while if you haven't voted already you can head 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 over the weekend the stoning veterans of the nazi s.s. which fought the allied troops in the second world war routed on the anniversary of a battle with a red army at the same time or thought is refused to authorize a rival anti fascist demonstration as artie's sarah first discovered estonia show of support for nazis and is feeding a dangerous new ultra right movement. well here in the estonian town the cinema at the nineteen forty four is a scene of fierce fighting between saviors soldiers and yes this is we're here by the monument to commemorate the soviet soldiers that died in that fight less than a mile away and this also of the scene of the gathering of veterans of this day

near waffen s.s. it's an event this gay widespread criticism for glorifying naziism. of. association of former soldiers laugh this off or on but it's something at the moment you don't think about later or think about people but . the war. for. country and most of year it these kind of events abound. in order to hear. it in a sting year 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 they hold this event to remind them what they are to give an allegiance to hitler to tell them that they had never liberated estonia 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. or have a mantra prohibition 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 basis of the revival of the far right across europe has caused growing concern right parties a gaining ground in countries like austria finland and france savage sluice are by far right extremists and as brave there 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 that

authorities. calls calls the arms. of this these 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 glaringly clear that not all countries are on board critics of this event hardly that the gathering provides a four and a dangerous near fascist state did is the government's failure to ban it is seen at the very least as being morally and politically insensitive surf our city. well the threat of not says i'm really into the spotlight from the sun which killing of dozens of people in the way before the latest news updates and begins on our website r.t. dot com. jane investigators discover that anders breivik used popular shopping site

eating his equipment needed for the massacre that took him dives of seven people. also online dramatic video of one tornado sweeping through russia's far east as it calms a path of destruction. and dynamic australian electro pop duo empire of the sun returns moscow in a highly anticipated gig. for . 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 batman

as l.t.a. go on friday accusing him of being the head of a gang of killers working for a major crime ring the cartel controls the smuggling of drugs into the united states from you that on its deadliest mexican city with more than three thousand murders took place last year. clashes between libyan rebels and colonel gadhafi loyalists have left six people dead the opposition held city of benghazi the fighting started when rebels attacked forces that aided the prison break of some of three hundred pro gadhafi soldiers becomes less than a week after the rebel military commander libya's former interior minister abdul fatah younis was killed by the ongoing civil war in libya began four months ago was that more than two thousand people have already died in the fighting. 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 being censured for launching a long range missile. there for 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 the high cost of living and the growing gap between rich and poor testers are demanding swift economic reforms and social justice for the country's prime minister binyamin netanyahu announced that he will gather representatives of various groups to form a plan aimed at easing the financial burden on the israeli citizens more protests are expected. immigrants in the russian capital are being a ripped off by dodgy businessmen who charge them for living in the band in those

buildings the scam uncovered by a latte involves illegal rent collections which local authorities are accused of cashing in tom 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 architectural gem this used to be part of the moscow conservatoire. this building here in the center of moscow was formerly 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. in this village in crowded conditions who knows what diseases the may have many of them don't work where they get money to eat make stealing or committing other crimes that must be

go on his fellow activists call the authorities and the next day we return with offices of the federal migration service. the migrants who do open their doors soon wish they hadn't usenet of course they might hear you paying rent too for this place. what i'm just a guest you're just against 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 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 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 it's the local housing committee it happens all over moscow is unemployed and of an illegal immigrants they're forced to pave stay an old in abandoned buildings if they can't they're flown out and what about the illegality of this. that 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 that's the only that it you know disorder it really were proceeding should be initiated and the kids should be in this to get into into 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. . well i'll be back with a recap of our main stories shortly but first is the business news with korea. hello and welcome to our business part and this our oil is advancing from a two week slow that's after president obama announced democrats and republicans had agreed to a half trillion dollar cost cutting program for the next ten years this should

ensure that the debt ceiling is raised and now we know default on its bond payments meanwhile a report from europe's biggest oil company rolled out shell says the time of low cost of oil and gas seems to be over says finding resources will be more complex and require more money and investment but where this will mean a cash bonanza for the 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 . towards countries but one 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 with these grains coal or oil or on the aggregate i think does what europe has to do and 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 whether that 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 positive news over the u.s. debt ceiling gold is losing around two point seven percent or so while silver is down point nine percent world markets show their relief after obama announced u.s. debt limit deal asian markets are high as the japanese nickie and their three day one point three percent higher exporters were among the main game is that with carmaker honda up almost three percent and banking stocks among the best performance in the 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 now europe is trading in the black stocks in london 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 is up almost two percent and a minus six who's gaining one point seven percent now let's have a look at some individual movers on them isaac's energy majors among the main gainers with gas problem again in one point nine percent of our banking stocks are also on the rise would be to be up over two percent and power generated into raw was also is also gaining the company has tripled its net profit in the first half of the year eighty three million dollars. the creation of

a russian part 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 merge 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 with carrie coming up next. you're.