made a believer and we're going to join me the children's the on the violence against we go to the ground in period during the george weston bush coromandel you can the let's watch will close the job its ability to go and. run the city the colonel was neutral as this guy retreat. washington agrees on measures to avoid in the polls and end the debt crisis which is weighed heavy over america have a plan to save the country from economic collapse it's criticized for failing to solve the nation's long term financial implodes. the west and threatens to punish the syrian regime for the exits rather crackdowns on protesters which reportedly killed more than one hundred all states condemned the gods and is calling on the warring sides in syria it's maintained the seas are an. alarming tendencies as a stone is nazi s.s. veterans and supporters home values activists say the glorification of narcissism

will give rise to nationalism and xenophobia across. a very warm welcome this is all to live from moscow u.s. and finally reached an emergency deal to avoid a disastrous debt after weeks of political bickering and stalemate if possible congress and she stepped compromise will permit american boring to continue after tuesday's deadline in exchange for more than two trillion dollars in federal cuts over the next decade all the deal was struck off the boma held last ditch it is in talks with democrats and republican leaders on increasing america's debt limits however the political struggle is far from over with the key issue of how to balance the budgets being put on. well and mates at eight point nine reports the

two. roots reach an agreement that's found most americans reputation. help us avoid default debt ceiling a 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 has been done and what happens now everybody really thinks the united states isn't so secure it is not 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 core 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 of the richer you well know what or why do i almost. put up with this relationship the u.s. will be in for a lot of the only game in. the game and he is making noises chinese making noises were you know we're alone now in our ability to be a repository for financing in the world the results could spark a replay of the two thousand and eight economic meltdown except this time washington not wall street would be responsible for the first time in history our country's aaa credit rating will 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 pearl loans which amounts to a huge tax hike on the american people as the countdown neared zero all three big

movies 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 debts 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 debt but really because we're not creating any way to get out of the debt instead of us president repeatedly asked americans over the past week to join a campaign to borrow and spend more make a phone call sent 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 a growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york. when asked he also economics experts might so far devolve about what's ahead for the u.s. thought it wants the deals in place he believes that despise us in the media threaten to fold washington that has failed to produce incident where this is to any american insatiable appetite for borrowing. 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 of the showdown all this fanfare is about changing the exact forecasts ten years speed of that 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 to have and to take used to hurt the faith and credit the world has in the united states 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 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 iniki situation and makes us more credit worthy but 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 but 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 about 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 that now without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with in one hundred seventeen someone failed to remind us of 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. go ahead to dot com for the full version on friday nights wolf and analysis on the u.s. economic concepts they both knew there was well we must small also on off all my might now knowing we didn't investigate the scope of the mandate on the shipping side a surprise that put me there for the asking for to the lives of seventy seven. and it was so dramatic video we're finding someone maybe something's true russians the far east because the paul.

still to come later this hour here on r.t. 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. he discovers a property scam where we're seeing immigrants accounts into abandoned buildings across a label part of the issue here even went to. washington to germany and the u.k. take decisive action against the syrian regime which are portably killed more than a hundred people on sunday government forces raided the city of hama with tanks

wreaking havoc on the opposition stronghold it's the latest round of crackdowns on protesters who are calling for president bashar assad to step down more than one and a half hours into the last hour to have been killed in clashes since march germany's calling for an emergency session are you asking the council to convene on monday syria is already under threat for american in the sections but some residents noises thinks the u.s. doesn't have the credibility to empty in syria's i pads. the interference of the world in my view can be counterproductive unless it is down 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 selectively there in syria and the belle of libya but of the same time they have not done it with yemen they have not done it with other places where there is rising including. when president obama says what he's saying. everybody in syria and in the arab world will immediately respond back abide. by the rest of the afghanistan situation all of these things so it brings out all and it doesn't give any comfort but generally speaking the world seems to be content with thumb bending and making these wild crazy statements whether it's you know the regime is less than most or not or whether it should be it's using use of force the world can play at all but i think. it's not playing like cards. russia is joining the warring sides in syria to refrain from. any u.n. resolution targeting damascus a warmth of steps good leads to libya style for now really the nato led coalition

has been accused of stepping outside the limits of its u.n. mandate in around twenty minutes russia's deputy foreign minister tells r.t. why the syrians should be solving their problems the valves. the power games 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 international artist 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 sector on the other hand we should learn our lessons a number of international players tend to degrees from the strict observation of the instructions and the spirit of these resolutions therefore we are not really concerned that such loose interpretations 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 cost of achievement in terms of finding a mutually acceptable solution.

well the syrian scene situation in syria has money wondering how come this crisis is solvable to show your opinion on the issue do you think at all broadside to cost you all grown since so far we can see that a lot of number of agents believe that staying away from serious problems and gather is the best solution around the birds of a peaceful resolution to the conflict for us the us than she could help themselves have a dialogue with the opposition while another eighty percent of the opposition should be aided in ousting assad and then hold the elections and then these stubborn faces believe the moon and radical measures like standing in a soup sheets as our people are the country with a few hundred voted already its all seen dot com let's say. they narcism is condemned while why they're all still pockets of support in some areas of europe over the weekend staying in veterans of the nazi s.s.

which fought the allied ships in the second world war rallied on the anniversary of a battle with the red army at the same time or refused to authorize our rival anti fascist demonstration as i discovered a stain is showed support for narcissism and speeding a dangerous new ultra going to mean that. well here in the estonian town of cinema one thing forty four is the scene of fierce fighting between status soldiers and yes this. one here by the monument commemorates save its soldiers that died in that fight less than a mile away and was also the scene of the gathering of veterans of the stay near. sort of a widespread criticism of the glorifying. of. former soldiers of this forum but. it's something like

a moment you don't think about later or think about the people of. the for. whom country and most of year at these kind of events abound. and to hear it in a stain year it's a different story altogether and it's common in the story to call these people freedom fighters we hold or put an astrology is on the same grade they hold this event to remind them we are given allegiance to hitler. they have never liberated moreover one of them were engaged in one of them are more innocent compositions of crimes committed by nazi germany. in fact in recent years the esteem you know thirty's and made it increasingly difficult for those who come to oppose the events this year once again members of the anti clashes movement but detained at the buddha. by the police because we were traveling in was

a stop for questioning on the way and i was stopped. i have a mantra prohibit. 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 boccia right party. is it gaining ground in countries like australia finland and france savage slaughtered by far right extremists and is predicting norway recently is driven just how dangerous these views remain i think this is a problem with. the extremism of the far right wing extremism and the threat of the authorities. calls causes the. sort of. be you see far failed to take decisive action to stop the nazi commemorations with bill it's called is bush's push for international legislation

to condemn the glorification of wartime fascism that events like the one in a stadium make it clear in a clear the not all countries are on board critics of this event argue that the gathering provides a forum for dangerous near fascist state there is the government's failure but it is seen at the very least as being morally and politically insensitive so. now some of the international headlines this hour on the suspected it means are of one of mexico's most tori's drug cartels is not the best. one thousand five hundred but police arrested thirty three year old yeah go on friday accusing him of being the head of a gang of five killers working for a major crime ring controls the smuggling of drugs and united states from. the deadliest mess again city where more than three pounds of murders took place

last year. sasha's between libyan rebels and colonel gadhafi loyalists have left six people dead near the opposition held ghazi the fighting started when rebels attacked forces that aided the prison break of some three hundred pro-gun. becomes less than a week after the rebel military commander and reviews for. interior minister. yunis was killed the ongoing civil war in libya began months ago with reports that more than chief tells of people have already died in the fighting. career has announced his willingness to resume international talks to end its nuclear arms program the comments come after a high ranking prime young 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 pyongyang pulled out

of dogs in april two thousand and nine i offered a sense of for launching a long range missile. now over the weekend tens of thousands of israelis took to the streets across the country and antigovernment protests after more than two weeks of rallies and demonstrations over housing costs have tapped into wider discontent over the high cost of living in the growing gap between rich and poor the protesters are demanding swift economic reforms and social justice the ganges prime minister benjamin netanyahu announced that he would gather representatives of various groups to form a plan and easing the financial burden on israeli citizens while more protests are expected as. immigrants in the russian capital are being ripped off by dodgy business there who charge them for living and abandoned old buildings with a scowl uncovered by a lot involves illegal rents collections in which local authorities are accused of cashing in the best eighty one building complex which is come home to

a group of migrant families. at first glance it looks like a trace of illegal immigrants squatting in a former architecture and jim. this used to be part of the moscow conservatory. 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 fast raised by quiet center a group of local residents wanting the migrants off their doorstep picky but this was a little good for you to live in crowded conditions who knows what diseases the may have many of them don't work where they get money to meet they stealing or committing other crimes that something must be equal or his fellow activists call the authorities and the next day we return with officers of the federal migration service. to. the migrants who do open their

doors soon wish they hadn't but these neighborhoods the one who are you paying rent to for this place most of what's interesting is just the guest that 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 i live in here i only know his face not his name stop filming me so if we go into one of these rooms this room here as you can see it has one two three four five six beds who knows how many people have to sleep in this room and if we come on to this room here there's two beds possibly more in here that lady doesn't want to talk to 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 points center provides an answer the one you like about you comes with the local housing community it happens all. over moscow is unemployed and often illegal immigrants they're forced to pave seen old in abandoned buildings if they can't they're thrown out and what about the illegality of this day the local housing committee inter shearers its earnings with the city council and a district police inspector was impossible without their consent when we took these allegations to the federal migration service did meet it it wasn't my kids' fault they wanted someone to live. central district government was even more damning confirming our suspicions and to committing the rocks goes deep inside the housing administration that's clearly did a lot of soda in criminal proceedings should be initiated and the kids should be in this to get into control course rails other officials abusing their job positions

will worsen the habit of letting drop it hoses too little migrants to deal with 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 watson r.t. . about the recap story shortly but first of all the knees of with. hello and welcome to business here in r.t. thanks for joining me well as advancing from what two weeks. of president obama announced democrats and republicans had agreed to a half trillion dollar cost cutting program for the next ten years this should ensure the debt ceiling is raised. on pay levels meanwhile a report from europe's biggest oil company royal dutch shell says the time of low

cost well and gas is at an end it says piling resources will be more complex ever any investment this will mean a cash bonanza for which nations in an open question. the cheap energy is a function again of the financial market on the financial market on the aggregate right now pointing towards countries that want to inflate their situation out of the trouble right here by inflating their systems they think they get out of trouble by trading the system that leads to higher commodity prices with these grains coal or oil will be accurate i think that's what europe has to do and he still does with us how we do so from a russian of year old the aggregate over the long term the oil prices carter. 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 alight so it is currently trading at ninety seven dollars per barrel while brant is one hundred nineteen dollars a 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 the sound all silver is down point eight percent world markets show there really after obama announced u.s. debt limit deal europe is trading a black banking stocks the highwood barclays bank ending on twenty percent and commerzbank up over five percent ninety shares are also on the upturn with xstrata up nearly two percent i'm going merican adding one point eight percent between bullets and gaining over one percent. here in moscow stocks surged the most in two weeks as more land commodities rise both the r.t.s. and isaacs are trading over two percent in the black now let's have a look at some individual movers on the rise of its energy majors and on the main game is with gazprom just under two percent banking stocks are on the rise with

bank of moscow almost five percent in the black this hour and power generator into raw was also on the rise the company has tripled its net profit first. in the year with eighty three million dollars. now gary's only refinery look was enough to him boom guys is to remain shut down for up to half a year after country's government revoked its license to carry and customs hold the operations of the plant after lukoil failed to install new metering equipment according to commerce daily people gary and government were suspicious was not declaring all its exports the russian oil company says it wasn't given enough time to make the required changes. and the creation of the russian power generating giant between gas and i e s holding could be blocked the ministry of economic development has opposed the deal saying it goes against competition rules last

longer companies agreed to merge their power generating assets into a new company estimated at fifteen billion dollars. that's out there for this hour but other more in about forty five minutes from now headline news on on next. the the.

last time the close of team was in the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time are to go to the arm or region. for the gold rush still gets people hi joe the the current asian tried likes to save its culture the cranes are protected in the first of the unofficial nature reserve. to the original going to push a close up on the marquee. the gold comes to the first what makes him big splash in the world of heights exists what turns events science into i ching products they don't understand oh he'll trophies is kept he followed russia evaders to each of bidders abroad and their big break through back. sunlight on stuff on technology update here.

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