in india all she's available is the movie goer the joy to be the children's the i love you that's the great phrase it's the grounding period. that george weston to school until you can oh well so much will close in the church of civility to go and . read the sun the candle was originally as risk or a treat. damage it's on the washington nationals is a deal to raise the debt ceiling and of up the phone but critics say the move doesn't sound america's problems and its reputation is going down the track. grass in the e.u. step up that push for male sanctions against syria after crying down on protests is reportedly death more than a hundred people dead last day says pilots on the side of the country's conflict is on acceptable. egypt is on fire again as troops in cairo a protestant demonstrators demolishing falls to change often have agreed

threatening to ship. out a deadly tornado hits a russian citizen for the first time ever injuring dozens and we keep widespread. also on business russian markets give up earlier gains as paul street opens in their ride but they still manage the close of trading session on a positive note and we'll have more on that in business and twenty minutes. everyone welcomes you this is all see live from london u.s. filmmakers a gearing up to vote later on monday on a measures the deal to raise the country's debt ceiling and avoid potentially devastating to felt it was finally struck after weeks and still wrangling between democrats and republicans. the hard won compromise will let american bar and

continue in exchange the more than two trillion dollars in cuts over the next decade the agreement was reached after president obama's last ditch efforts to persuade both parties is that aside their differences the u.s. concern ripples throughout the world fragile economy if it's fourteen point three trillion dollars debt limit isn't raised by tuesday there's. been finding out that bumpy road to an eleventh hour consensus has already dealt a severe blow to america's reputation in the eyes of its investors. well help us avoid default 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 it could be over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy the damage being done no matter what happens 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 or next year this won't blow up again since the underlying causes economic problems are getting worse in this country for point five trillion dollars of america's borrowing is owed by foreign countries experts say washington's mismanagement may cause investors to abandon the devalued dollar and end their partnership with america it's like being married to someone. of the rich or you want to know what'll i do how much can i put up with this relationship the u.s. will be in for a long time the only gain in. the your community is making noises chinese making noises you know we're alone now in our ability to be hostile to working for financing in the world the result could spark a replay of the two thousand and eight note that 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 mortgages. which amounts to a huge tax hike on the american people as the countdown neared zero all three big reading giants movies fitch and standard and poor's threatened america's hollowed triple ace or unless the deal was hammered out and the fourteen point three trillion dollar debt getting higher and economists say america's unsustainable budget deficits are the biggest threat to the nation it's like the batteries worn out the spark plugs don't work the tires are flat all of this and so what we're trying to do is say we've got a little bit of money in the bank let's pay that debt down but we're not doing anything to fix the economy and so we're putting ourselves in

a bigger and bigger hole not just because of the debt but really because we're not creating any way to get out of the debt instead of the u.s. president repeatedly asked americans over the past week during the campaign to borrow and spend more make a phone call it's an 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. r.t. new york. who plans to reduce the deficit will come into stage and the first involves around nine hundred billion dollars in spending cuts over the second needs one of the truth a congressional committee has yet to decide where these will be implemented months

of from chief economist investments advisors greengrass capital says the measures will home many 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 forecasts 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 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 now without defacing and devaluing that currency so 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 but downgrade which i think is quite possible and the sheer spectacular public failure of the american political system will take

a while to figure out but they will not be minor 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 as something of an economic historian and that is that the debt ceiling came into being in one nine hundred seventeen because people in the united states were afraid that congress would enter world war one the looming conflict of its day and the idea was to make sure that our government the united states government didn't enter us into wars without being sure they could pay for that now without being mindful not to increase the national debt a lesson that i think we were prudent to be concerned with in one thousand seventeen someone failed to remind us of as we went into afghanistan and iraq there's actually a very interesting historical story around the debt ceiling or a statutory debt limit which i've noticed hasn't been much told of late. we watch

the full interview with financial analyst month on our web site dot com. now several nine hundred days in threatening action against syria thousands eyewitness reports that the country's security forces have relieved their attacks on the city of hama more than a hundred people are thought to happen killed on sunday when government tanks force their way into the opposition stronghold russia has condemned the violence in syria calling on both the government and opposition to abstain from brutality i am a little wee while germany is calling for an emergency session of the un security council but the e.u. imposing more sanctions on them out yes there's a promise that fine spring things syria's partner should be settled without external influence. 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 our community 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 that a core of you know what the serious less developed civil society. decided they simply 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 armed forces and you know significantly downplay the number of rugby of simple they are above citizens who have just had enough and one of the reasons this is kicked off is people are unhappy it's the same kind of 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 state is so often given its people that's led to this going to rest how much longer before you start having issues with your military payroll at that point you have a minority of officers directing conscripted soldiers to fire on their own people and a conscript soldiers aren't sure if they're getting paid and that's that is not a sustainable model for a country to continue repression like this. well serious terrorising situation leaves many wondering how the crisis might be resolved your opinions on the topic

by visiting our website in casting your own vote so far the majority of you just want to stay away from serious problems altogether. and favor dialogue between the two sides even fewer have a tip that healthy the opposition to kick start out the very least support for more radical measures like bombing the country into democracy if you haven't had to see yet you go to answer dot com or to cast your fates. one addiction troops have clashed with protesters camping out in the center of cairo hundreds of demonstrators are cleared away from tahrir square where they've gathered for weeks to demand faster reforms artifact reason revolution well let's cross live now to almost america a freelance journalist in cairo who also runs a blog called the moon under water many times of being with us. so how serious is this recent violence flare up that we've seen in tahrir square. well the number of people involved. not huge and those numbers have dwindled just before the start of

ramadan just the start of ramadan but the government is very severe the. a lot of people bloodied face is in serious head injuries that i saw it's not clear exactly of injuries but i would be in dozens of these and. no reports yet of anyone killed but the. number one from the people that you spoke what exactly would you say that people are protesting against this time well what the people who are still left in the square. today being the first day of ramadan were minority of the protesters most of the political groups that called out the ones who remained included some of the families of those killed by police officers through the uprising. of the the. but their demands will probably be the same as a lot of the rest of the protest movement has been into the military trials

protesters have been subjected to. and for malaysian officials civilian trials protesters on the streets are being. very speedy and. there would also be those who calls for a rise in the minimum wage. there's a variety of calls from hell to here and the idea is that not enough has changed that there were more than one a revolution not just the resignation of. really widespread dissatisfaction with the interim government on many levels and also have been allegations have now. population in egypt by the army since the military took charge of government which is what is the fear amongst the people in voicing their criticism so. yes there's definitely i mean we and we know that there is not just the allegations of violations are quite well supported amnesty and other human rights organizations have. said that their investigations. now infamous continued.

purchases by the army to see if there are versions and there were others that call it right. there was also plenty of cases. to the supreme court of comparable organizations who have. journalists being called before the military for questioning which is a form of intimidation in their eyes and we also have bloggers such as machine. prison. and so yes i'm sure people are. saying the west is largely supportive egypt's regulation but the people there expect international backing for this new push to change what i mean when you say the west is according to the revolution that's a very many people were he would reject that might say that the the. he ventured a camera bored with the dismissal of hosni mubarak but part of big part of that would be that they were happy that it was the military taking the lead i mean the

military is the largest recipient of u.s. military power from israel in the world and it's you know it's a it's a nurse who said one point three billion dollars in aid from us when it's in two thousand and ten and that is training and training programs and the high level contacts between them that it's these u.s. military. units and this is a foothold in the country when they move against. sort of saying to take the role of savior of the revolution that's american interests very well and do you think that we're going to see more protests taking place in egypt and is there a possibility that the situation might still evolving to get another revolution. redundantly going to see more protests there's almost no question of that. power any of the go away particularly economic issues people are emboldened to speak and let's these protests and strikes say that the transit back on its feet and some

support from the population is on a sort of regain control of the situation. a lot of people are ignoring the whether or not it evolves into another revolution is. a question i'm not so i can answer but some people here say that the first revolution is still not out there that was just the beginning. of speaking to us from cairo many thanks for a story thank you. coming up here on our rewriting history veterans of crime treats an old rally in a stale year after being banned in other countries during the years to provide nods as it were in europe. crossing to is around while thousands of preparing for industrial action and protest against the government intel of the ground strikes are a weekend of about demonstrations over rising house prices and elating of living people demanding social justice and better work conditions policy is following

developments in town of the. what about 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 here in israel over the past two and a half weeks tonights approach it's also been organized online the grievances are much the same people are criticizing the israeli government's economic policies they're calling on israeli prime minister netanyahu to resign i also calling for regime change now a short time ago he was a meeting between israeli president shimon peres and a number of the protest tent organizers 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're hearing coming out of the israeli prime minister netanyahu scam to know who the south has been pushed over these protests 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 this 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 says have nothing to do self to look at how to deal with these protesters and their grievances at that stage it seems unlikely that these demonstrations will dissolve into violence although having said that this past weekend on the weekend before after the official demonstrations ended there were a number of protesters who simply sat in the roads and refused to be moved and they were forcibly removed by police a number of arrests were made and it certainly was the mood of the tension on the streets that there would be violence now there is another approach is being organized online it's being dubbed the million man march and already tens of thousands of people have signed up for that it's approaches that 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 meeting is welcome. it is what was saved 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. out of a lot more for you on our website dot com here's a taste of just some of the stories you can go on line right now an innocent american man was jailed for a crime trumped on by is right for her boyfriend part of a hero gets the last long along with fifty million dollars of compensation. and braun says the whole leo tolstoy american participants will be reading out loud from the war and peace and one thousand seven hundred pages of it all these details and more all at r.t. dot com. veterans of headlines in the streets you fought against the soviet army in world war two you have traveled from around europe to hold an annual

rally in a stone year for members of the nazi bathin s.s. referred to the views of freedom we're joined by new knowledge in the country and as artists are france reported sphere the story in glorification of not ism is fading dangerous far right movements bite across europe. of the association of former soldiers this i offer on paper but. it's something that the moment you don't think about later or think about the people of. the for. him country and may steve year at these kind of games a band we cannot go in business and to hear. it in a sting it's a different story altogether. and it's common in the story or to call these people freedom fighters we hold or protest rallies on the same day behold this event to remind them what they are given allegiance to hitler could tell them that they had

never liberated estonia moreover in one of the morning gaged in and all of them are more or less accomplices of crimes committed by nazi germany. in fact in recent years he is still you know thirteen and made it increasingly difficult for those who come to accuse the event here once again members of the anti fascist movement we detained at the pool pulled over by the police car we were traveling in was also a stop for questioning on the way in i was stopped. i have a mantra he. wanted any kind of other opinions. on which is very very much supporting the. revival of the far right across europe his cause growing concern right parties a gaining ground in countries that austria finland and france savage flew said by far right extremists and is brave it can always be simply true just how dangerous

these fees remain i think this is a problem off the extremism and far right wing extremists and the fact that authorities. calls calls is. one portrait of this be you 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 stadium make it clear in a clear the not all countries are on board critics of this event argue that the gathering provides a four and a dangerous near fascist state there is the government's failure to plan it seems at the very least is being morally and politically insensitive surf. in other news now one victim was killed by

a destructive twister as it swept through russia's far east twenty eight others were injured by a huge well when the natural phenomenon considered rare not only for the region for the whole country but from a detour through authorities then to tearing apart the rooftops and balconies of more than one hundred buildings through telling trucks not reaching trees and working out how and it raised only for a few minutes but eyewitnesses are into the cause incredible damage. have now been created many homes are still without electricity for more dramatic pictures do you go to our web site dot com. i'll be back with a recap our top stories in just a few minutes about thought of a business that marina. hello and welcome to the business here on the arts scene our german energy. is going to take gas so arbitration court in order to pay lower prices for gas and argues that

small gas prices are up to fifty dollars cheaper per thousand cubic meters than the current long term contract it has with gas from however after more than a year ago she is since that's wrong is still only willing to meet its german partners the man's taking the matter to arbitration as part of the contractual agreements between lots of companies. german industrial giant siemens is planning to set up a gas turbine joint venture with russian company power machines siemens will hold a sixty five percent stake in the denture which will be located and saying you just heard meanwhile siemens is selling at blocking state and power machines to the russian companies majority shareholder that which is controlled by an axiom of the soft and adventurous that's what it is and develop gas irvine's and provide relevant services. or oil is advancing from two week lows and that's after president obama announced democrats and republicans have agreed on it soon and a half trillion dollar cost cutting program for the next ten years all its analysts

are just current oil prices together with spending cuts could have a negative impact even an oil rich countries like russia. if you look at the u.s. economy for example one reason why the economy has not done very well in the photograph of you is because the american consumer has suffered because of the high old prices it's also have there's also a huge improvement in the power of the american consumer and again this is a drag on the global growth in my opinion the best for the global economy right now and maybe even for russia is not one of them drinking problems around one thousand five hundred dollars or a little bit up slowed down and it would be nice you know prices right now i think would be very beneficial for united states for the world and for rush. and let's take a look at some oil prices now in light sweet as currently trading at ninety five dollars per barrel oil prices out of one hundred sixteen dollars. per u.s.

markets have turned sharply south after opening positive reaction investors were encouraged that the government had agreed on a cost cutting program but that optimism was drained away viable weakness manufacturing data and souvenirs and it's a similar story in verve where the latest figures show growths that meeting in germany and france and sloan sharply in greece and spain financial stocks though are doing well as that sort of help in the end the past week's over fears that u.s. politicians will resolve their differences over at bats. and here in moscow's stocks lost some of their earlier gains but still finished the day in the black both the arts yes and the my sex world by about over one percent there let's have a look at some individual movers on the my sex other two majors were among the main gainers with gas from just under two percent i think stocks were higher bank of moscow was up three percent on bets the lender avoided defaulting on its europe all

this after publishing one thousand earnings and power generator and survival was also on the rise the company has tripled its net profits and the first half of the year. reaching eighty three million dollars and much of a sign up i'll say that's a whole raft of a straight for us. one to certainly as the day old was the day that way investors sort of celebrated. in the consolation of one of the biggest in the market that being there is going to technical default so this is behind us the markets now are looking for a new reality but the new reality looking very much a lot like an old one you know the debt issues are still with us meaning ones and euro zone of the united states in particular so the main drag of the market now i think is their market worries market jitters about the pace of years economy expansion whether it's going to be very little. as in the second quarter or it's

going to accelerate. the roughest car giant after vassall twenty five percent more cars in the first seven months of the year with a total of three hundred forty two thousand the units but for the most recent one there was a sharp slowdown as the government ended its cash for clunkers program after all sponsored produce around seven hundred thousand nets the city. and that's all the business news for now for more stores you can always have small websites artsy dot com slash business in the meantime it's the headlines.

mission. couldn't take three months for judges. to make amends three. three stooges free. mostly blonde chancellor video for your media projects and free media oh don carty dot com. we'll. bring you the latest in science and technology from the realms. we've done the future of coverage.