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tv   [untitled]    August 1, 2011 7:00am-7:30am EDT

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in india oh she's available in the movie joy see the children's a movie that's a great way to go to the grand imperial. george weston bush coromandel you can a little closer to the show which i did to go and. run this in the kernel was her job as a school retreat. in washington agrees on measures to avoid the folds and then the debt crisis which has weighed heavy for america but the plan to save the country from economic collapse is criticized for failing to solve the nation's long term financial and what. the west threatens to punish the syrian regime for the latest round of crackdowns on protesters but also those calling for an end to the violence of it reports government forces killed more than a hundred people in syria on sunday. tendencies as a state news nazi s.s. veterans of the forces hold rallies activists say the glorification of narcism or
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give rise to nationalism and xenophobia across here. and in business all advances from a two week slow after u.s. president announced a debt limit to your head of tuesday's deadline look at the figures in a business book uprising and i'm not. sure i will do this is r.c.a. live from moscow us will make use of finally reached an emergency deal to avoid debt to fold after weeks of political bickering and stalemate if polls by congress that he step compromise will permit american goring to continue to choose days deadline in exchange for more than two trillion dollars in federal cuts in the next decade but the deal was struck off the brac a fallback health law. it's intensive talk with democrat and republican leaders on
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increasing our debt levels however the political struggle is far from over with kids you have houses balance the pot is being paid off for a later days but as many that would not i reports a torturous and lengthy road to riches and clean it has down as the america's reputations senator from illinois help us avoid the fall debt ceiling 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 it to beat 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 got real close and who knows whether the next month next year this war and blow up again since the underlying causes economic
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problems are getting worse in this country quarter 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 to serve a year or so years they weren't sure you want to know what'll i do. with this relationship the us will be in for a long time the only game in. your energy is making noises chinese making noises or you know we're alone now and our ability to be a repository for financing the world the result could spark a replay of the two thousand and eight. times 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
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is still a good bet. interest rates would skyrocket on credit cards on mortgages and on for a loan which amounts to a huge tax hike on the american people as the countdown neared zero o three b. creating giants moody's fitch and standard and poor's threatened america's hollowed triple ace or unless a deal was hammered out and that 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 this part focused on where the towers are at 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 that instead of us president repeatedly asked americans over the past week or two during the campaign to borrow and spend more.
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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 of 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. last year as economic expert marks a front of both about what's ahead for the u.s. sponsored once the deal is in place he believes that despite of urging the immediate threat of default washington has failed to produce a solution capable of sustaining america's appetite. 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
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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 that growth none of these plans make real efforts to reduce the warm 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 united states has the kind of budget imbalance that normally does occasion
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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 eniac situation and makes us more credit with a downgrade which i think is quite possible i'm 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 for. 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 i something of an economic historian and that is that the debt ceiling came into being in one nine hundred
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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 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 statutory debt limit which i've noticed hasn't been much told of late. if you had to come for the full version with nuts and bolts. analysis on us and on the college your own fate everything that was not small on off. the one line right now in the region investigators discover that on the day they need part because something inside evade supposed quit needed for the next section of the take the nice of seventy
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seven. and you were instrumental second video of a violent tornado is seeping through russia's far east as he calls the palm destruction. so the comet later this hour the dark side of immigration. in this building here in the center of moscow was formerly empty but we've heard that now there are many immigrants living here in very poor conditions are illegally. properties scoundrel putting immigrants all crammed into a found in buildings across moscow with local authorities accused of taking it on illegal rent collections. russia has both sides of the syrian conflict to put
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an end to the pilot the first time moscow made such a call following reports that show rapid deterioration in the country's stability washington and germany. take the signs of action against the syrian regime which reportedly killed more than one hundred people on sunday when government forces raided this is your home are with tanks wreaking havoc on the opposition strongholds it's the latest round of crackdown on protesters who are calling for president bashar al assad to step down more than one and a half thousand people have been killed in clashes since march germany wants an emergency session off the reza carry the council to convene on monday and syria is already under arrest that american and new sanctions but so far i'm looked after that it is the arab noise to say ca she thinks the best doesn't happen credibility to interfere in syria is the fact it's. the interference of the side world in my view can be counterproductive unless it is that it's
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a property 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 most 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 that it would syria not better 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 battling for when president obama says what he's saying everybody in syria and out of work with the big pond back up by. the rest of the afghanistan situation all of these things so dreams are low and it doesn't give any comfort generally speaking the world seems to be content with condemning and making these wild crazy statements whether it's you know the regime is next month or not or whether it should be it's using use of force the world can play at all but i think the present
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moment it's not like cards. russia has stopped short of supporting any u.n. resolution targeting damascus the kremlin warns that steps could lead to a libya style for now area where the nato led coalition has been accused of stepping out of its un mandate it's just over an hour's time washington's deputy foreign minister tells r t why the syrians should be solving their problems then south. all of them for me believe that the city and 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 school of public school. on the other hand we should learn our lessons a number of international players twenty degrees from the state conservation of both the instructions and the spirit of these resolutions therefore we are
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naturally concerned that such loose interpretations could fall lose all to 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 that all stand. now. because it's here easing situation in syria has left many wondering how can this crisis be resolved to share your opinion on the issue visit all web site and construct a great also call the longest number of agents feel that staying away from serious problems altogether is the best approach around with favor of peaceful solutions to the conflict and suggesting our son should be held to his stance and dialogue with the opposition that's what's wrong is that the opposition should be aided announcing our prize and then hold free elections and the least number of ages but even more radical measures like sending nato troops off by the country if you haven't voted already heads. of state. although not as them is
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concerned worldwide there are still pockets of support in some areas of europe over the weekend dystonia veterans of the nazi s.s. which fought the allied troops in the second world war rallied only out of the last year of a battle with the red army at the same time or refused to authorize a rival anti fascist demonstration and as fast as governor steyn is show support for nelson said it's meeting a dangerous new ultra right movements. here in the estonian town of cinema nineteen forty four is the scene of this fighting between state soldiers and yes this. one here by the monument commemorate the soviet soldiers that died in that by less than a mile away and this town's all save the scene of the gathering of veterans day here. is that of widespread criticism the glorifying got the as a. former soldier i
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love this i will for him but. it's something at the moment you don't think about later or think about the people. of the. country and most of year at these kind of events abound with i'm not going to hear it in a stirring year it's a different story altogether. it's common in the story you can call these people freedom fighters we hold our poll tonight on the stream do you hold this event. you are given allegiance to hitler can tell them that they have never liberated historian and moreover one of them are engaged in one of them are more or less accomplices of the crimes committed by nazi germany. in fact in recent years he is still you know thirty and made it increasingly difficult for those who come to oppose the events here once again members of the anti fascist movement but detained
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at the pool do that by the police the car we were travelling in was they stopped for questioning on the way in i was stopped and i was told i have an entry to the country and of course they don't want to be 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 is caused going concern the right party. is it gaining ground in countries like austria finland and france savage solution by far right extremists and his brave way recently is driven showing just how dangerous these views remain i think this is a problem with. the extremism of frightening extremism and the fact that the authorities should. calls causes the yards.
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of. the u.c. far failed to take decisive action to stop the nazi commemorations within its borders bush's push for international legislation to condemn the glorification of wartime fascism but events like the one interesting in making clearing a clear they're not all countries are. critics of this event hardly that the gathering for invites a forum for a dangerous near fascist state there is the government's failure to ban it is seen at the very least as being morally and politically insensitive so. let's take a look now at some other international headlines and the suspected leader of one of mexico's most of tori's drug cartels is now altering the model one thousand five hundred people police arrested the thirty three year old man el diego on friday accusing him of being the head of a gang of five killers working for a major crime ring cartel controls the smuggling of drugs into the united states
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from the widest deadliest mexican city more than three thousand this took place last year. clashes between libyan rebels and colonel gadhafi is loyalists have left eight people dead near the opposition held since you've been ghazi the fighting started when rebels attacked forces that aided the prison break of some three hundred pro gadhafi soldiers it comes less than a week after the rebel military commander and livia's former interior minister of the author yunus was killed the ongoing civil war in libya began four months ago reports in 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 off the high ranking diplomat visited new york for talks with u.s. officials last week north korea has been under international pressure to dismantle
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its nuclear weapons program since two thousand and three but pyongyang pulled out a towards an april ninth after being censored from launching a long range missile. over the weekend when the files of the israelis took to the streets across the country anti government protests after more than two weeks of lollies demonstrations over housing costs and taps into why discontent over the high cost of living under a growing gap between rich and poor the protesters are demanding swift economic reforms and social justice the country's prime minister benjamin netanyahu rebels that he'll gather representatives of various groups to form a plan a bit easing refinement of burden on israeli citizens are more protests are expected. immigrants of the russian capital are being ripped off by dodgy businessmen who challenge them for living in abandoned old buildings the scout uncovered by r.t. involves illegal collections in which local authorities are accused of cashing in
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on barton investigated 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 architectural gems. this used to be part of the moscow conservatory. this building here in the center of moscow was formally empty we heard that now there are many immigrants living here in very poor conditions are illegally right in the center of the city. but they would perhaps have gone unnoticed if it weren't for the fuss raised by quiet center the group of local residents wanting the migrants off their doorstep. closers reads as people feel 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 the most evil one his fellow activists call the authorities and the next day we return with officers of the federal
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migration service. the migrants who do open their doors soon wish they hadn't these neighborhoods they might hear you being recruited for this place because of what's interesting here is just a guess it's good to 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 birds 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
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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 pleasurable to come up with the local housing committee it happens all. over moscow is unemployed and often illegal immigrants they're forced to believe seen old in abandoned buildings or they can see they're frozen out and what about the legality of this day the local housing committee inter shares 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 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 rocks goes deep inside the housing administration that's clearly believed you know disorder in criminal proceedings should be initiated and the kids should be in this to get into
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intercourse or else other officials abusing their job positions will worsen the habit of letting drop it hoses to legal migrants into deals our 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 tom bottom r.t. . thinking about the way the news this hour all those is business on the way now with kareena. hello and welcome to our business update here on out it thanks for joining me well is advancing from two weeks after president obama and else 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. on its payments meanwhile i reporter europe's
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biggest oil company shell says the time of low cost oil and gas and then it says ironing resources will be more complex than require one any investment but this will mean a cast pronounce of oil or a say since it's an open question. the cheap energy use a function again of the financial market and the financial market on the aggregate right now course countries that want to inflict their situation out of the trouble right here by inflating their systems based think that they get out of trouble and by faith in the system that leads to higher commodity prices with these grains coal or oil will be accurate i think that's what you were pressed to do i distorted and i think that's what the u.s. has to do so from a russian point of view will be our group over the long for the oil prices or
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whether buy more things with the money i don't think so because it's really a reaction of inflation. let's look at the markets now alight sweetest currently trading at ninety seven dollars per barrel while brant is one hundred nineteen dollars per barrel precious metal prices are in the red positive news of the u.s. debt ceiling gold is losing around a point seven percent this hour or so but is down one point three percent now world markets show their relief after a bomb announced us that when a deal is trading in the black financials which have sold off heavily in recent weeks over fears of a u.s. default are long the biggest gainers h.s.b.c. is gaining a four percent ahead of results the group announced sunday that it will sell one hundred ninety five retail branches in upstate new york to first niagara financial good for around one billion dollars and here and also stocks surged in also two weeks as a one commodities rise both we are tested over two percent now let's have
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a look at some individual moves on mars like this our energy majors among the main gain is with gas from just under two percent banking stocks are higher bank of moscow's surged nearly five percent on the leno avoiding defaulting on its narrow bonds after publishing a two point ten year. things and power generated into ra is also on the rise the company has tripled its net profit in the first half of the year reaching eighty three billion dollars. ok is only refinery owned by russia's local is to remain shut for up to half a year after the country's government revoked its license now the facility supplies almost half the country's few meaning bulgaria is now tapping into its reserves gary and customs halted operations at the plant after look well failed to install new metering equipment according to congress newspaper the government was suspicious that local was not declaring all its exports russian oil company says it
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wasn't given enough time to make their work like changes. we cannot install the meters quicker than is technically possible it will take several months at minimum to install them we told bulgaria that will be a very long and expensive process unfortunately they didn't understand us and we didn't manage to finish in time. and the creation of a russian power generating giant between gazprom when i asked holding can people locked the ministry of economic development has opposed the deal saying it goes against competition rules last month the companies agreed to merge their generating assets into a new company estimated at fifteen billion dollars. germany's energy major eat on looks like it will fail to secure a price discount from gas pound for russian gas iran is arguing that spawn gas prices are now up to fifty dollars cheaper per thousand he has than the current long term contract that has been cast down however gas problem is refusing to give any concessions to its german partners in june the russian gas producer said it
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would entertain discussions with its european partners over possible contract revisions. that's all the business up later for you but don't forget you can always not always just log onto our website our team got home clash with the banks for much.
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down the be official ante up location on phone the i pod touch from the i q sampson . cianci schleiff on the go. video on demand on cheese minefield costs and omissions features now in the palm of your. question on the come in the united kingdom multis available in ft comes the wind from the forty one hotel on the old waverly hotel they can also tell the millstone hotel some of the country house today is the full details goldman tons of the room brands the crew made the choice to feel the most secure the terms the oil the rubens hotel.

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