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say don't need to go. run to the colonel was a photo of a retreat. in washington agrees on measures to avoid the folds and then the debt crisis which has weighed heavy over america but the plan to save the country from economic collapse is criticized for failing to solve the nation's long financial system. the west threatens to punish the syrian regime for the nature of crackdowns on protest is small scale is calling for an end to the bonnet smith reports government forces killed more than a hundred people in syria. tendencies as a state is known c.s.s. veterans and also holding rallies activists say the glorification of nazis and more gave rise to nationalism and xenophobia across europe. and in business all advances from a two week slow after u.s.

president announced a debt limit tuesday's deadline to look at the figures in a business bulletin about twenty minutes from now. right well most do this is ours he live from moscow us will make his a finally reached an emergency deal to avoid a disastrous debt default after weeks of political bickering and stalemate if passed by congress to step compromise will permit american borrowing to continue after tuesday's deadline in exchange for more than two trillion dollars in federal cuts for the next decade when the deal was struck off to brac a last ditch intensive talk with the 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 budget being put off for a later days but as many important i reports

a torturous and lengthy road to reach inclement has down as to america's reputations senator from illinois 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 the 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 which 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 decide. if they were jerks you will know what i do. can i put up with this relationship the u.s. will be in for a little. 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 marina port niall r.t. new york my last economic saying spent months of the volvo about what's ahead for the u.s. sponsored once the deal is in place he believes that the spines of an immediate threat of default washington has failed to produce a solution capable of sustaining america's 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 that 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 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. but you had to call him for the full version off that interview with knives and both opinions and analysis from us on the content on that with much more on all. the online right now norwegian investigators discover that on the. news palm prints something signed just quit needed for the massacre that took the lives of seventy seven. and wants to massacre video of a violent tornado is seeping through russia's far east as it calls the paul destruction.

so the comment later this hour the dark side of immigration. 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. brought to the scam where all putting immigrants crammed into a pound in buildings across moscow with local authorities accused of catching it on illegal rent collection. russia has both sides of the syrian conflict to put an end to the violence it's the first time moscow has made such a call following reports that show rapid deterioration in the country's stability washington and germany and the u.k. take defiance of action against the syrian regime which reportedly killed more than

a 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 crackdowns on protesters who according to president bashar al assad to step down more than one and a half thousand people are said to have been killed in clashes since march germany wants an emergency session of the u.n. security council to convene on monday or syria's already addressed that american and new sanctions but so far i'm moved up president is the arab noise the satiation think the west doesn't have the credibility to interfere in syria is the fact this . the interference of the outside world in my view can be counterproductive unless it's damage to property rather than just making wild statements like for instance the usa would decide whether the president of syria is next in this 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 said electively they've done it with syria not delegate with libya but of the same time they have not done it with yemen they have. done it with other places where there is uprising including. when president obama says what he's saying everybody in syria and in the arab world with the big you respond back i want them all bad 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 that generally speaking the world seems to be content with condemning and making these wild crazy statements whether it's you know the regime is less than a dollar not there or whether it should be it's using use of force the world can play at all but i think at the present moment it's not playing that i cards russia has stopped short of the porty any u.n. resolution targeting damascus the kremlin warns that steps could lead to

a libya style off the now area where the nato led coalition has been accused of stepping outside the limits of its un mandate that's just over an hour's time lost his deputy foreign minister tells r t why the syrians should be solving their problems themselves. programs we believe that the syrian 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 of the scale of public protest on the other hand we should learn our lessons a number of international players tend to degrees 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.

this is serious the 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 con's deliberate also just number of pages feel that staying away from serious problems altogether is the best approach around a favor a peaceful solution to the conflict suggesting our son should be helped in the stands and dialogue with the opposition of the twenty one percent of the opposition should be aided announcing our product and then hold free elections and the least number of the jews believe in more radical measures likes and it may take changed by the country if you haven't voted already heads to altie dot com. although not as them is condemned worldwide they're all 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 on the anniversary

of a battle with the red all me at the same time or refused to authorize a rival anti fascist administration and discovered a stain is show of support for knowledge it's feeding a dangerous new ultra right reason. 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 where here by the monument to commemorate the soviet soldiers that died in that fight less than a mile away and this town's all say the scene of the gathering of veterans day near and that is an event this gay widespread criticism the glorifying naziism. of. association of former soldier i love this off or on but it's something at the moment you don't think about later or think about the people of. the war. for. whom country and most of year

at these kind of events abound. in order to hear. it in a sting it's a different story altogether. it's common in the story of to call these people freedom fighters we hold our protest rallies on the same day they hold this event to remind them what they are what they had given allegiance to hitler to tell them that they had never liberated estonia moreover none 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 we detained at the buddha pool do that by the police the car we were travelling in was stopped for questioning on the way in i was stopped and i was told that i have an entry for him to the country and of course they don't

want any kind of other opinions from their own opinion which is very very much supporting the. revival of the far right across europe is caused growing concern right party. is it gaining ground in countries like austria finland and france savage solution by far right extremists and this brave way recently is driven showing just how dangerous these views remain i think this is a problem of the extremism far right wing extremism and the fact that the authorities. of. the city 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 that events like the one in

a sting and make it clear in a clear the not all countries are on board critics of this event soggy that the gathering provides a forum for dangerous near fascist state did the government's failure to ban it seem at the very least is being morally and politically insensitive so if. let's take a look now at some other international headlines and these suspected leader of one of mexico's most of tori's drug cartels is now best altering of the model one thousand five hundred people police arrested the thirty three year old man go on friday accusing him of being the head of a gang of hired killers working for a major crime ring the cartel controls the smuggling of drugs into the united states from. the deadliest mexican city where more than three paces last year. clashes between libyan rebels and colonel gadhafi loyalists have

left eight 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 pro gadhafi soldiers it comes less than a week after the rebel military commander and libya's former interior minister of the fatah yunus was killed the ongoing civil war in libya began four months ago reports in two thousand people have already died in the fighting. with greer has announced its willingness to resume international talks to end its nuclear arms program the comments come off the high ranking pyongyang 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 a top from april ninth after being censored from launching a long range missile. over the weekend turned the files of the

israelis took to the streets across the country of anti-government protests after more than two weeks of rallies the demonstrations over housing costs of taps into wider discontent over the high cost of living and the 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 and it easing the financial burden on israeli citizens while more protests are expected. immigrants of the russian capital are being ripped off by dodgy businessmen who challenge them for living in a band and old buildings the scam one covered by r.t. involves illegal rent collections in which local authorities are accused of cashing in tom barton investigated one the 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 jam 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 a group of local residents wanting the migrants off their doorstep it was innocent words 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 by stealing or committing other crimes that's all from us eagle and his fellow activists call the authorities and the next day we return with offices of the federal migration service. for. the migrants who do open their doors soon wish they hadn't nature of course they might who are you paying rent to

for this place or what and 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 are thrown out and what about the illegality of this day 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 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 not the soda it really proceeding should be initiated and the kids should be in this to get into taken to court or else other officials abusing their job positions will worsen the habit of letting dilapidated hoses to legal migrants if you and. 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 party. that's where the news this hour all this is business on the way now with kareena. hello and welcome to our business update here and thanks for joining me well is advancing from two weeks slow starts 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 to be no default on its payments meanwhile a report from europe's biggest oil company rolled out shell says the time of low cost oil and gas is that and then it says finding resources will be more complex and require one money and investment but 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 and the financial market in the aggregate right now is splintering towards countries that want to inflict their situation out of the trouble right here by inflating their systems they stink that they get out of trouble and by inflating the system that leads to higher commodity prices with these grains coal or oil or the aggregate our thing does what europe has to do. and i think does what the us has to do so from a russian port to view on the aggregate over the long term the oil prices will be higher whether the more things with the money i don't think so because this is really a reaction of inflation. let's look at the markets now a light sweet is currently trading at ninety seven dollars per barrel while brant

is one hundred nineteen dollars per barrel precious metal prices are in the red on positive news over the u.s. that's healing gold is losing around point seven percent this hour while silver is down one point three percent now world markets show their relief after a bomb announced to us that when the deal europe is trading in the black financials which have sold off heavily in recent weeks over fears of a u.s. default are among 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 group for around one thing in the us and here in moscow stocks surged in most of two weeks as oil in commodities rise both the artist and over two percent now let's have a look at some individual movers on mars like this our energy majors among the main gain is we've got just under two percent banking stocks are higher bank of moscow surged nearly five percent on bets the lender avoided defaulting on its narrow

bonds after publishing a two point ten year. things and power generated into rollo is also on the rise the company has tripled its net profit in the first half of the year reaching eighty three million dollars. well gary is only refinery owned by russia's lukoil 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 fuel meaning gary is now tapping into its reserves well gary and customs halted operations at the plant after look well failed to install new metering equipment according to congress and newspaper the government was suspicious that local was not declaring all its exports russian oil company says it wasn't given enough time to make there were quite changes. we can install the meters quicker than is technically possible it will take several months at minimum to install them we told bulgaria that it would 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 john between gas from maine i s holding could be blocked the ministry of economic development has opposed the deal saying it goes against competition rules last fall to companies agreed to merge their power generating assets into a new company estimated at fifteen billion dollars. germany's energy major even on looks like it will fail to secure a price discount from gas problem for russian gas is on as ongoing that spawn gas prices are now up to fifty dollars cheaper per thousand he has than the current long term contract it has with gas from however gas from is refusing to give any concessions to its german partner in june the russian gas producers said it would entertain discussions with its european partners over possible contract revisions. that's all the business update on how for you but don't forget you can always find

most always just log on to our website r t v dot com slash business thanks for watching. damn movie official on t.v. application two on the phone i pod touch from the i q sampson. charger.