in india oldies available in the movie joint be the to the i love you that's a great way to go to the grand imperial trillion dollars west coast coromandel you can a lesser till. it's a don't have to go. run this in the kernel was her job as to retreat.

washington agrees on measures to avoid a default and end the debt crisis which is weighed heavy over america with a plan to save the country from an economic collapse it's criticized failing to solve the nation's long term financial and by. the west and threatens to punish the syrian regime for the nation's rather pratt downs on protesters which reportedly killed more than one hundred most cases condemned the violence and is calling on the warring sides in syria to maintain a ceasefire. alarming tendencies as a state he is known as the s.s. veterans and supporters hold rallies activists say the glorification of knowledge has the rise to nationalism and xenophobia across.

a very warm welcome see this is a lie from moscow u.s. and lawmakers are finally reached an emergency deal to avoid a disastrous debt default off two weeks of political bickering and stalemate if paulse by congress the two step 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 well the deal was struck off a held last ditch details of talks with democrats and republican leaders. on increasing america's debt limits however the political struggle is far from those over key issue of the house of salads the bottles being put off pro and made to date but as marina point ny reports the two. roots reach of the cream and has damaged america's reputation. 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 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 their partnership with america it's like being married to someone deciding it just so when they were jerks you want to know what do 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 european community is making noises chinese making noises were you know we're not 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 economic 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 kora loans which amounts to a huge tax hike on the american people as the countdown neared zero all three big rating 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 debt but really because we're not creating any way to get out of the debt instead of the u.s. president repeatedly asked americans over the past week to join the campaign to borrow and spend more make a phone call send the e-mail tweet keep the pressure on washington and we can get 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 in a port niall r.t. new york. economics expert months in front of wolf about what's ahead for the u.s. budget once the deals in place he believes that despite the media threat of default washington has failed to produce a solution with the sustained the america's 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 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 i have pointed to news to her 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 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 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 without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with in one 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 well head to dot com for the full version all five months both the beauty and the balance is on the u.s. economic conscious they both know as well with much smaller also on offer online right now no we didn't investigate his discomfort with the mandate he's going to shake things like a prize the clinton he did for them asking for to the winds of seventy seven. and it was so dramatic video of a finding to an eighty something through the russians the far east because the palm springs.

still to come later this hour on our salute the dark side of integration. 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. he discovers the property scam where on waiting immigrants come into abandoned buildings across a lake parking meters from here on t.v. when election. washington germany and the u.k. are threatening to take decisive action against the syrian regime which reportedly killed more than a hundred people on sunday government forces raided the city of hama with tanks. 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 and he said to have been killed in clashes since march germany's calling for an emergency session all new and security council to convene on monday syria's already under arrest set for america in an easy sections. of his arab noises he thinks the west doesn't have the credibility to interfere in serious attacks. the interference of the outside world in my view can become productive unless it is directed property rather than just making these wild statements like for instance the usa would decide whether the president of syria is next to miss you 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 not delicate with libya but of the same time they have not done it with yemen they have not done it with other places where there is uprising including. when president obama says what he's saying. everybody

in syria and out of world will immediately respond back about one time and then about abu ghraib and about the rest of the afghanistan situation all of these things so dreams hallow and it doesn't give any comfort generally speaking the world seems to be content with condemning and making these wild crazy statements without its you know the regime is less than it or not or without it should be it's using use of force the world can play on all but i think at the present moment it's not playing the right cards. russia is joining the warring sides in syria to refrain from violence but still opposes any u.n. resolution targeting damascus mosque a warns that steps could lead to libya. where the nato led coalition has been accused of stepping outside the limits of its un mandate in around twenty minutes russia's deputy foreign minister tells why the syrians should be solving the

problems themselves. with the programs we believe that the syrians should address your problems as part of their domestic agenda this is an internal civil conflict and it should not be internationalized as for the situation in libya of course every country is unique in terms of its particular situation the background of its conflict the form and the scale of public protest on the other hand we should learn our lessons a number of international players tend to digress from the strict observation of both 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 post of achievement in terms of finding a mutually acceptable solution. well the serious and situation in syria has many wondering how can this crisis itself want to share your opinion on the issue do you think that all website calls

to all votes and so far we can see that the largest number of pages that are going away from serious problems are together is the best to citizenship around a third of a for at least full resolution to the conflict to directing us down to health and starts with dialogue with the opposition while another eighteen percent of the opposition should be aided in ousting assad and then hold free elections and the least number of they didn't believe the more radical measures like sending naysay cheats to occupy the country with a few hundred votes already. had to ask dot com i have to say. how they narcissism is condemned worldwide there are still pockets of support in some areas of europe over the weekend as stony and veterans of the s.s. which fought the allied troops in the second world war rallied on the anniversary of a battle with the red army at the same time or thought refused to authorize

a rival anti fascist demonstration as i discovered a stone is show of support the narcissism is feeding a dangerous new ultra right. we're here in the estonian town the cinema that in one thousand nine hundred 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 also the scene of the gathering of veterans of this day near that sort of game widespread criticism of the glorifying not theism. of. association of former soldiers the officers i off or on but it's something at the moment you don't think about later or think about people but. the war that for a. country and most of year at these kind of events and.

in order to hear. it in a sting it's a different story altogether. it's common in the story you to call these people freedom fighters we hold our protest rallies on the stream do you do you hold this event to remind them what they are given allegiance to hitler to tell them that they had never liberated dystonia moreover none of them are engaged and all of them are more or less accomplices of the crimes committed by nazi germany. in fact in recent years the astin 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 we detained at the buddha 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 a trip 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. revival of the

far right across europe has caused growing concern right parties a gaining ground in countries like austria finland and france savage solution by far right extremists and this brave can always recently driven show just how dangerous these fees remain i think this is a problem with the extremism far right wing extremism and the fact that authorities. calls calls as they are. want to absolve 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 that events like the one in a sting in making claire in the clear the not all countries on board critics of

this event soggy that the gathering provides a four and a dangerous near fascist state did the government's failure to ban it is seen at the very least as being morally politically insensitive surf. well let's take a look now at some other international headlines this hour and the suspected leader of one of mexico's most think tori's drug cartels has now confessed to ordering the murder of one thousand five hundred people at least arrested the thirty three year old man known as el diego on friday accusing him of being the head of a gang of high kill is working for a major crime ring he calls hell controls the smuggling of drugs into the united states from. the deadliest my second city where more than three thousand murders took place last year. clashes between libyan rebels and colonel gadhafi loyalists have left six people dead near the opposition held city of benghazi the fighting

started when rebels attacked forces that aided the prison break of some three hundred soldiers becomes less than a week after the rebel military commander and libya's former interior minister. yunis was killed the ongoing civil war in libya began who months ago reports that more than two thousand people have already died in the fighting. of korea has announced its willingness to resume international talks to end its nuclear arms program the comments that come after a high ranking prong 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 doors in april two thousand and nine after being censored for launching a long range missile. now 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 the 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 so. justice prime minister benjamin netanyahu announced that he will gather representatives of various groups to form a plan and it easing the financial burden on israeli citizens while more protests are expensive. immigrants in the russian capital are being ripped off by dodgy business then who charge them for living and abandoned buildings well the scout well covered by involves illegal rent collections in which local authorities are accused of cashing in investigated one building complex which is come home to a group of migrant families. at first glance it looks like a case of illegal immigrants squatting in a former architectural gems this used to be part of the moscow conservatory. 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. 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. you seriously think it's good for you to live 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 that's almost ego or his fellow activists call the authorities and the next day we return with offices of the federal migration service. for. the migrants who do work in their doors soon wish they hadn't course they might hear you paying rent to you for this place. but i'm just against you just again do you live here.

most are too scared to talk to us 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 quite center provides an answer on your pleasure that what you come up with the local housing committee it happens

all over moscow is unemployed and often illegal immigrants they're forced to pave stay in old in abandoned buildings if they can't they're thrown out and what about the illegality of this day 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 in moscow central district government was even more damning confirming our suspicions and admitting the rot goes deep inside the housing administration that's clear the way they did you know disorder it really are 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. 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. live there are only going to encourage more misery for residents a migrant so like tom bottom. about with a recap of amin story shortly even fast of all the business news with katrina. power we're looking to business here and i t thanks for joining me or as advancing from what two weeks lows after president obama announced democrats and republicans had agreed on a two and a half trillion dollar cost cutting program for the next ten years this should ensure the debt ceiling is raised and they'll be no default on its bond payments meanwhile a report from europe's biggest oil company royal dutch shell says the time of low cost of oil and gas is at an end it says finding resources will be more complex and require more money and investment and this will mean a cash bonanza for oil rich nations is an open question. the cheap energy use

a function again all of the financial market on the financial market in the aggregate right now splinting countries but one to inflate their situation out of the trouble right here by inflating their systems they think that they get out of trouble by inflating the system to higher commodity prices with these grains coal or oil will be accurate or you think does what europe has to do. and i think does what the us. will do so from our russian point to view. 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 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 stonewall silver is down point eight percent world markets show there really after obama announced u.s. debt limit deal europe is trading in a black banking stocks are higher with barclays bank getting one point two percent and commerzbank up over five percent mining shares are also on the upturn with xstrata up nearly two percent anglo-american at one point eight percent b.h.p. billiton gaining over one and a half percent here in moscow stocks surged the most in two weeks as oil and commodities rise both of them isaacs are trading over two percent in the black now let's have a look at some individual movers on the line six energy majors among the main game with gas from just under two percent banking stocks are on the rise with bank of moscow almost five percent in the black this hour and generating. on the rise the company has tripled its net profit first on the year. eighty three million dollars

. now bulgaria's only refinery look calls and you have to human born guys is to remain shut down for up to how fear after country's government revoked its license gary and customs hold it operations at the plant after lukoil failed to install new metering equipment according to commerce and daily people getting government was suspicious who quote 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 a russian power generating giant between gazprom and 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 an update for this hour

but other quick more in about forty five minutes from now headline news our next. 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 r.t.

goes to the amore region. for the gold rush still gets people high jokes for an ancient tried fights to save its culture. where cranes are protected in the first and only one official nature reserve. to the armoire egypt. russia close up on r.t. . welcome to the. what makes a big splash in the world of high tech business what turns events science into i ching products they don't understand oh he'll trophies it's got to be followed russian invaders to eat your betters abroad and their big breakthrough back home spotlight on story on technology update here on. we've got the future covered.