all. in india oldies available in the movie joint t.v. show or a movie that's a great way to go to the grand imperial should towards west coast you can let her tell her to sit down to go and clear from the sun the colonel was virtually

a retreat. damaged on the washington announces a deal to raise the debt ceiling and of. the critics say the move doesn't solve america's problems and its reputation is going down the drain. egypt song up again its troops in tire a clash with the demonstrators demanding falls to change often february's revolution. the u.s. and the e.u. step up that push for more sanctions against syria a crackdown on protests in support of the death toll to one hundred people dead says bonds on either side of the country's conflict it's unacceptable. deadly tornado hits the rocks and says he for the first time ever injuring dozens and might strike.

a very warm welcome to you this is the line from moscow now after weeks of stalemate and political wrangling american lawmakers of finding the use struck a deal to raise the country's debt ceiling at avoid potentially devastating default however the plan still needs congress' approval with votes in both houses expected . well the hard one compromise will last american a borrowing continue in exchange for more than two trillion dollars in cuts over the next decade it was. president obama's last ditch efforts to persuade democrats and republicans to set aside their differences the u.s. could send ripples throughout the wildfires all economy f. his full trillion dollar debt limit is raised by t.s.a. but as an important i report the bumpy road to the on eleven census has already

dealt a severe blow to america's reputation its investors. 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 of 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 you have to so many years they were jerks you want to know what or why do how much can i put up with this relationship the u.s. will be in for a long time the only game in jail but the your immunity is making noises chinese making noises you know we're alone now in our ability to be a repository for financing in the world the result could spark a replay of the two thousand and eight 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 reading drawing in movies fitch and standard and poor's threatened america's

hallowed triple a score 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 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 dad but really because we're not creating any way to get out of the debt instead of the u.s. president repeatedly asked americans over the past week to join the campaign to borrow and spend more make a phone call send the e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world have been following the heated saga playing

out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york well the plan to reduce the deficit will come in two stages the first involves around one hundred billion dollars in spending cuts all the second means for the savings of one trillion a congressional committee is yet to decide whether these will be implemented months of both the chief economist at investment advises green of cress capital says the measures will hurt many people in the u.s. but won't solve the underlying debt. 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 the showdown all this fanfare is about changing the exact forecast ten years speed of debt growth none of these plans make real efforts to reduce the long term problem of insufficient revenue and these plans do reduce spending in ways that will be painful and for many communities in the united states transformative but that will only reshift focus on to the more important long term issues of the absolute in sustainability of being committed which we are committed to having insufficient revenue for the amount of spending that we're going to be doing for the forseeable future while having a fourteen point three trillion dollars national debt this process itself has and to ten 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 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 that 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 hundred seventeen 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 on to watch the full interview with financial analysts a month quadrille from a website don't call me. now egyptian troops have clashed with protesters camping out in cairo's tahrir square egyptians have been holding a mass rally a victim on a stemming from the popular uprising in february that ousted president hosni mubarak let's get more on the situation in the middle east now from political analyst frank spring who joins me live from london now and this is bring many thoughts of being with us here and i'll see now egyptians say they want the change

they thought they gained in february but now the interim government firing back at its own people is that a vicious circle that the people of egypt is called seem to break. i wouldn't necessarily describe it as a vicious circle i think what you're seeing now is it is very much a continuation of the original causes behind the arab spring and in egypt the concern here is there is still too much military control over egypt and egypt has for many years had one of the more developed civil societies in the arab world and there was only so long that i think that civil society was going to be able to tolerate the degree of military rule in the country so this is a continuation of that and i think particularly the protesters and to risk work today are concerned about among other things ending the military prosecution of civilians so too much military control over the judicial system in this case they want to sack the prosecutor general again a military officer and also they're protesting for a real minimum wage so you have a combination of concern over again too great military control over civil society

and also an economic situation it's frankly untenable so i think this is a natural i think this is a natural country continues to asian of this i don't necessarily think it's a cycle i think it's just another stage of what i hope will be a real resolution and the development of more democratic you know you say it's a natural continuation of what we've seen of egypt say do you think it's likely that we'll see the country descendants yet small violence. i don't necessarily think that's the case again there will be elements of the military and as we see but we are seeing today that want to maintain control and are against the civil society activists who are trying to trying to reduce that i don't know so i think there will be more violence i don't know if it will descend exactly into significant violence member that during the original terrorist where there were violent clashes it was not entirely bloodless but it didn't descend into civil war violence on a national scale so i think that that's i think that's more the scale that we are looking at here rather than something a little bit more extreme which you know rather than the kind of civil war that interest in libya i can let's turn our attention to syria now several nights

a state is threatening action against the country made eyewitness reports that the security forces that have renewed their attacks on the city of hama well on sunday more than a hundred people were killed in attacks forced their way into the opposition stronghold how long could violence continue while solution d.c.s. happening that. the timetable on this i think depends on a number of things the issue that the that the syrian army has is that it's primarily a conscript army so the syria is a largely sunni country so the conscript soldiers are sunnis their officer class or all the whites which of course is the you know the faith of the and the the group that we from which the ruling family including the assads are are derived so you've a small minority of all the whites who are the officers and very much the rule the rulers of the government the control of the government and then a conscripted army of sunni soldiers my question really is how much longer can a white officers give orders to sunni conscripts to fire on their own people before

we start seeing a soldiers refusing to fire refusing the order to fire and we already have seen that there are some reports of that's already occurring at a fairly low level the question is that could get them but we could begin to see significant defections or at least refusal of the order to fire fairly quickly the other concern of course is part of the reason this whole thing has come about is that the syrian state is no longer able to maintain its traditional subsidy driven socialist state model by which the syrians are beset by which syrian families have enormous subsidies on for example their energy costs one of the reasons this is kicked off is no longer able to provide that people are unhappy at the same count combination of concern over military control and real economic hardship if you're not able to maintain that the energy subsidies among other things the status of often given its people that's led to this kind of unrest how much longer before you start having issues with your military payroll and at that point you have a minority of officers directing conscripted soldiers to fire on their own people and the conscripted soldiers aren't sure if they're getting paid and that's a that is not a sustainable model for a country to continue repression like this or picking up on that point it's syrian

government claims it's finding insurgents and not just who is the real opposition in syria. i think it's as is so often the case it's going to be a mixed set of it's going to be a mix that of people who have decided that the way to deal with this issue is to is to take arms and contest for the monopoly of violence we've seen that happen in syria a number of times including in ninety two which of course resulted in a truly brutal crackdown. tens of thousands of people killed so there is some of that there will also be beyond doubt a core of you know what a serious less developed civil society that is decided differently had enough so it's going to be a combination of the two and of course you would expect the regime to. exaggerate the role of armed insurgents in this their own forces and you know significantly downplay the number of civil citizens who have just had enough. ok. well that russia has condemned the violence in syria calling on both sides the government and opposition to abstain from the talents you know abide by the norm

president assad is the message that the country must embrace reforms how serious do you think the regime is a change. i think we've seen how serious they are about change when assad came in in two thousand he was seen as a reformer of syria as someone who could bring them a new degree of economic liberalism and a greater degree of political freedom and democracy and what he has done is he has built on the very sophisticated intelligence state that this fall the brothers one of the most sophisticated intelligence agencies in the world is used to suppress any degree of dissent and i think we've seen just how serious it is about about bringing change and a greater degree of economic and political liberalism to his country and the answer is not ok frank spring political analyst talking to us from london many thanks for those thoughts thank you. ok coming up on our sea the rising history veterans of track to fall around in a stone mia to be found in all the contrary staring fears of that revive nonces i'm in here and. now in israel thousands prepare

for industrial action in protest against the government intent of the plan strikes follow a weekend of massive demonstrations and will rising house prices and an escalating cost of living people are demanding social justice and better working conditions but all those calls they've supported stay he's in tel aviv for some polling developments there paula we saw some one hundred fifty thousand demonstrators take to the streets of israel over the weekend does today's protests promise to be on the same sort of scale. well at the stage it certainly doesn't seem as if tonight's protest here in tel aviv will reach the kind of numbers we saw over the weekend some twenty four thousand people have signed up on facebook and like the demonstrations happening there in israel over the past two and a half weeks tonight's protest is also being organized online the grievances are much the same people are criticizing the israeli government's economic policies they are calling on the israeli prime minister bibi netanyahu to resign and also

calling for regime change now a short time ago there was a meeting between israeli president shimon peres and a number of the protest tent all denies that it was initiated by the president he said he wanted to hear what their demands were and following that meeting he said that what needed to be corrected would be corrected this is a very different tone to what we are hearing coming out of the israeli prime minister bibi netanyahu scamp netanyahu itself has been pushing mum over these protests we know that he is pushing for a housing bill to be passed as quickly as possible the ball looks at the bureaucracy around construction planning but aside from that he's really has said practically nothing his spokesperson has come on record saying that these protests are out of proportion he says that the israeli economy is healthy and sound although there certainly is a disagreement within the politicians because we know that the director general of the finance ministry has resigned we also know that a special committee has been set up by netanyahu himself to look at how to deal

with these protesters and their grievances and so far corner of them from israel have involved only peaceful protests is it likely do you think that will but we'll see the situation there escalating into something more like the middle east. at this stage it seems unlikely that these demonstrations will dissolve into violence although having said that this past weekend on the weekend before or after the official demonstrations ended there were a number of protesters who simply sat in the roads and refused to move to be moved and they were forcibly removed by police a number of arrests were made and there certainly was the mood of the tension on the streets that there would be violence now there is another purchase being organized online it's being dubbed the million man march and really tens of thousands of people have signed up for that it's a protest that's scheduled to take place the first weekend of next month and it certainly echoes what we saw happening in egypt over the past few months where there were several million man marches maybe the best way to describe the mood in

israel at the moment is what was stated by a left wing labor member of parliament he said that this is the most complicated state of emergency that this country has seen since the declaration of independence back in one nine hundred forty eight also today monday there was a press conference held by the bank of israel governor stanley fischer he said that the protests were surprised he admitted that he said they were impressive but he did warn that the grievances that people have here in israel and that they are taking to the streets are grievances that cannot be solved in one day syria is very much for about paula paula say there reporting for us from tel aviv. well there is deteriorating situation leaves many wondering how the crisis might be resolved to show your opinion on the situation do visit our website and cast your own vote so far i can tell you that the majority just want to stay away from serious problems all together over thirty percent favored dialogue between the two sides and even if

you have voted for helping the opposition to kick us not out there is at least support for more radical measures like bombing the country into democracy and if you have an adult say yes. it's a call to your voters. veterans of hitler's elite troops the forty guns the soviet made world war two you have traveled around europe to hold that i know wiley and estonia former members of the nazi valves on s.s. referred to locally as fines is for freedom we're joined by new nazi groups in the country and the report it's fair to stoney is glorification of dulces them is feeding a dangerous far right movements across europe. well 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 savior soldiers that died in that fight less than a mile away and this town's all save the scene of the gathering of veterans day

near and that is an event widespread criticism the glorifying naziism. of. association of former soldiers laugh this off or on but it's something at the moment you don't think about later or think about the people. for. whom country and most of year at these kind of events abound. in order to hear. it in a stain year 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 same day they hold this event to remind them what they are doing had given allegiance to hitler to tell them what they had never liberated dystonia 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 he is still in 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 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 right party. as a gaining ground in countries like austria finland and france savage solution by far right extremists and this brave can always recently is driven to show just how dangerous these views remain i think this is a problem of. the extremism far right wing extremism and the fact the

authorities. causes the arms. of 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 but events like the one in a sting in making clarion a clear the not all countries are on board critics of this event hardly 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 and politically insensitive surf. was a lot more food check out on our website l.t. dot com here's a taste of just some of the stories you can find online right now and then listen to american about childbirth crime some taught by his wife and her boyfriend call

gets the last laugh though along with any and dollars of compensation. and problems as a whole the very tolstoy market where participants will be reading out loud from the more employees all one thousand seven hundred pages on all those details and more. and in other news now one victim was killed by a destructive twister as it swept through a far east of twenty eight others were injured by the huge well wind it's a natural phenomenon because you did read not only for the region but for the whole country the tornado tore through the center of the city perry rooftops and balconies from over a hundred buildings overturning chunks of trees and ripping out power lines that raged only for a few minutes but i witnessed this report and it caused incredible damage most roads have now been cleared but hundreds of homes are still without electricity or for more dramatic pictures do you go to our web sites also you don't call. a very

soon we talk to russia's deputy foreign minister about all ongoing violence in the arab first day that it is business deals with marina. hello and welcome to business here on r.t. now we start this hour with a german energy major which is going stay gaspin to arbitration courts in order to pay lower prices for gas on argues that spall gas prices are up to fifty dollars cheaper per one thousand cubic meters than the current long term contract it has with gas from however after more than a year of negotiations gazprom a still willing to meet its german partners demands taken the matter to arbitration as just part of the contractual agreement between the two companies german industrial giant siemens is planning to set up a gas turbine joint venture with the russian company power machines siemens will

hold a sixty five percent stake in the venture which will be located in st petersburg meanwhile siemens is selling a blocking stake and power issues to the russian companies majority shareholder high sat which is controlled by alex in one of the short of the venture is such a produce and develop gas turbines and provide relevant services. oil is advancing from two week lows and that's 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 and this should ensure the debt ceiling is raised and there will be no default on its own payments now meanwhile every port from of europe's biggest oil company of oil dutch shell says the time of local stall and gas is at an end it says finding new sources will be more complex and require more money and investment but whether this will mean attached bonanza for oil rich nations is an open question. the cheap energy is

a function again all of the financial market and the financial market in the aggregate right now is splintering towards countries that want to inflate their situation out of the trouble right here by inflating their systems they think that they get out of trouble and by inflating the system that leads to higher commodity prices with these grains coal or oil or will be aggregate i think that's what europe has to do i mean i think does what the u.s. has to do so from a russian point to view on the aggregate over the long term the oil prices will be higher whether that by some more things with the money i don't think so because it's really a reaction of inflation. and let's take a look at some oil prices now light sweet is currently trading at ninety seven dollars per barrel bryants is at one hundred nineteen dollars and precious metal

prices are in the red following positive news over the us that ceiling gold is losing slightly of all silver is down over half a percent there. ten broad market so the relief after obama announced the u.s. debt limit the ill europe is next this hour financials which have sold off heavily in recent weeks over three years of interesting thoughts are now among the biggest gainers h.s.b.c. is gaining have a look for signs ahead of ourselves the group announced sunday that it was so one hundred and ninety five we told branches in upstate new york to first niagara financial group for around one billion dollars now let's take a look at what's happening with the markets here in russia moscow's stocks rise the most in two weeks as oil and commodities surge both the arts yes and the my sets are up by about one percent this hour let's take a look at some individual moves on the my sucks and their generators are among the main gainers with gas from just under. their banking stocks are higher bank of

moscow is up three percent its own but it's the lender of what the defaulting on that's a good bonds after publishing twenty ten earnings and power generator in surrounds also in their eyes the company has tripled its net profit in the first half of the year which in the eighty three million dollars. and that's all the business is for now for more stores you can always check out our websites artsy dot com slash business in the meantime states and for the headlines with alice.