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tv   [untitled]    August 2, 2011 1:00am-1:30am EDT

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in india g.'s available in the movie jointly the killings the violence the grief we go to the burning period during the george weston to school until you can no one such ill chosen mission viejo it's a duty to go and clear medicine the colonel was neutral as you can retreat. washington takes the first step to approve the long awaited deal to increase the u.s. debt limit just a day before a potential devastating to full. destiny of the bill is now in the hands of the u.s. senate after months of political bickering will it be enough to afford a national crisis. russia says u.n. action that could help bring an end to violence in syria for once against excessive measures that could lead to a libya style intervention. and the voices of tens of thousands of anti-government
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protesters an easy calling for the prime minister to step down are going on reported by the international media. and in the business we examine why the optimism from the u.s. supporting a dead default has been particularly short lived for the markets certainly for a warning that another business bulletin. just after nine am here in the russian capital you're watching our team thanks for joining us now to the top story in the lower chamber of the u.s. congress has passed a last minute deal to prevent a devastating full scale default after months long political confrontation well the only remaining hurdle for the legislation is senate approval which is expected later on tuesday artie's lucy craft and others in washington with more. not a lot of good news in terms of the big picture for the u.s.
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economy of course the only thing that we can be certain of that this deal means is that it avert the self-imposed potential crisis of a u.s. default which would have been the first time this country faced could have you felt it in its history what we do know in this legislation is it does sort of cut spending by about two point four trillion dollars over the next decade what that means in the short term for the u.s. economy is potentially a lot of stifling of growth now we have to keep in mind that the united states has grown the g.d.p. has grown by just a mere one point three percent in the second quarter we saw that unemployment rates are still astronomically high at nine point two percent and so a lot of economists are saying this is not really the time to be cutting the spending to be capping spending it doesn't satisfy a lot of the political desire by some of the more tea party oriented republicans but it does potentially threaten just expanding meanwhile we also have to keep in
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mind that this deal doesn't actually do anything to assure world markets about the long term direction of where the u.s. economy is going a lot of the big critical decisions are left to a sort of super committee a bipartisan committee of lawmakers which is really just another way of saying they're kicking the can down the road so they don't have to make those difficult decisions now this whole battle over the debt limit is kind of a proxy war an ideological proxy war between the republicans in congress and the democrats in congress what we saw with the past election is the rise of the so-called tea party wing of the republican party and ideologically what a lot of those folks want is they want a lot of major cuts in government spending almost no government spending but the exception occasionally on defense they also want to lower tax rates they believe that this is the way to really stimulate the economy and this is diametrically opposed to the democrats worldview the democrats argue for closing tax loopholes. was on for example all cup preparations another like an arch companies they want
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tax reform they want to social spending for the poor and they don't want middle class americans low class americans to sort of face the brunt of the economics of this whole crisis but really what this is all about and of course we wouldn't have seen this this whole fight connected to the debt limit if republicans didn't want to make a political point you know we have to keep in mind that the two thousand and twelve election is coming up for both the congress and of course president obama and a lot of political analysts are saying this is just another way for the republicans to try to embarrass the president to make them look bad the irony in all this is that neither the left nor the right really liked what came out of the deal at the end we saw one democrat said that this was a sugar coated satan sandwich you look at the bun and nobody likes what they see they certainly don't like what they see in this deal and of course by creating this special commission that will sort of figure out where to cut spending over the next few months that issue is still going to come up right in time for the election so
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no one really wins in this deal but jason johnson a professor of political science says there are no winners of the u.s. debt deal with president obama no exception. i want a clean break. and that's all that's left congress' approval ratings have dropped to twenty percent the president's approval ratings have dropped no one wants to claim victory or bill they know what is really have been put so you're going to hear a lot of crowing you're not going to hear a lot of people so for a while where know what you're going to hear people say let's move forward and try to get their other policies through before the end of the year it's going to a huge impact at least in the short term it's. a way to sever yet strangely he still has a higher approval rating now because reagan did it this time he was good at this point in screen or jimmy carter so he can recover if you can be a circular ship and do something about the economy is still sixteen months away but the president has got to do something to really inspire the probably because this
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was. all the risk of america's possible full scale to fall it has resonated far and wide artie's be a shooter brings us a local reaction from the dalai. world markets here in asia are rallying the stocks here are rallying people are obviously hot b. that that deal finally passed chinese newspapers are calling this entire u.s. debt deal debate irresponsible and even immoral so although people are celebrating the fact that this did pass there is a lot of cautious optimism here but it's important to note that asia has a huge vested interest in what's going on in the united states that is held by asian countries china being number one shipping and being number two so confidence has really gone down here another thing that a lot of people are worried about is the fact that two point four trillion dollars that's to be cut in the united states spending but a lot of that had been decided and seeing as how long it took for the debt deal to
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be finalized a lot of people are worried about whether or not the spending will actually become another sort of political game any critic of this deal or thing that this isn't going to do anything to help american unemployment which directly impacts the asian economy as well as you know asia is the manufacturing center of the world so it is the unemployment problem isn't solved in the united states but also means that consumer confidence goes down for america and that means that they're not going to be buying exports from asia so that can really impact. people's jobs here in this constant it so people are definitely worried there's also been a lot of talk about the fact that it's all or has been at some of the lowest rates we've seen in in the past year and so there has been a lot of muttering theory about perhaps an alternative reserve currency or perhaps looking into a basket current the including japan and china as well economics
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professor patrick chovanec believes that this deal is just a sticking plaster for the u.s. crisis. i think it highlighted the fact that there are growing concerns about the big gap that's emerging between their revenues and expenditures not just immediately but it specially in the out years ultimately cutting. cutting cutting spending or raising taxes those things can provide an interim solution in terms of revenue but they don't really provide an ultimate solution the ultimate solution is to get the economy growing again and there still is the possibility of a downgrade of u.s. debt because this is this compromise didn't reach the levels of savings three to four trillion and that some of the rating agencies said that they wanted to see in order to avoid a downgrade so there still is some uncertainty but i think this is taking a lot of the more immediate uncertainty out of things and you know markets hate
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uncertainty above all else they might not like this as the best outcome but they would prefer a certain outcome and this is what this provides. all russia's keeping a close eye and washington's political struggle through solve the crisis prime minister vladimir putin says the american economy stays at risk despite the deal which means that washington have no longer be a symbol of economic stability around the world. actually there's nothing good about it just there's been making more systemic decisions this colossal that fourteen trillion or more means of the country has been living on credit which is really bad for one of the world's leading economies it means they live beyond their means and pull the plug on the entire world's economy to some extent they sponge on the world economy and on them on a political position this means that firstly the reserve currency should show up in the world not just the dollar and the euro should be consolidated and you should
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come up with a regional reserve currencies the ruble can become a regional reserve currency. and coming up ahead in the program are reported voices. i haven't seen anyone from c.n.n. or from fox news or any other hill big news channel here and it's really sad we also deserve a chance to be heard out. tens of thousands of israelis demanding that their government stands down say the international media is turning its back on the country's problems. and moscow says limited u.s. security council action on syria could bring a quote good results in helping stop the ongoing violence in the country by russia's un envoy vitaly churkin warns that any measures must be restricted to solving it not our giving the conflict this is clearly council has held a closed emergency session on syria army reports government forces there killed
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over a hundred protesters on sunday moscow has already issued its strongest condemnation of the violence calling on both sides of the conflict to refrain from using force or russia's been cautious about international action on syria fearing a repeat of what it calls the violation of the u.n. mandate on a libya along monday the e.u. slapped a fresh round of sanctions on the vastness washington is also calling for action against president bashar al assad's regime but a former u.k. basser in syria told r.t. that internal developments in the country are likely to oust the leader. first the economic sanctions are not of themselves going to bring down but what will undermine him over time is the fact that the economy is collapsing it is a truism of syrian politics that if he loses the sunni little plastic support from damascus and aleppo to
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a lesser extent. he will not be able to maintain his hold on power and when they see the road he's leading them down he's leading to economic disaster then they are more likely to turn against him the moment he has talked about reform but not done anything he's talked about checking the security state but in fact as unleash it i don't see that intervention militarily would be anything other than disastrous within syria all syrians would object to that would be the one thing that might unite all syrians behind the government in fact. so i don't see any prospect of it a western officials have ruled out military intervention in syria but economic sanctions against a basket case are being stepped up a little east experts are sure landis thinks this will eventually backfire on the syrian people. all of the syrian opposition leaders who have met.
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elected executive committees have all demanded that there be no foreign intervention now of course foreign intervention is a very broad and gray area there's the alternate dimension like libya but there's also economic strangulation of the country which could come along the united states already has sanctions fairly severe sanctions on syria the west feels it needs to do something it doesn't want to stop trade you know we've tried sanctions in iraq in iran libya they haven't worked very much and when they work they starve the people and not the government and that's the danger of sanctions they feel good because you feel like you're doing something and you can tell the opposition you're on their side but in fact they often hurt the people you don't want to hurt her following events all the events taking place in the middle east where the unrest continues on our website you can go to our t. dot com to get the latest news updates and the videos that are waiting there for
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you right now egyptian police clash with activists of a long lasting demonstration on cairo's stuff we're square trying to disperse those angry at the interim government for a lack of political improvement but. it's also on our web site of a hacker group who hijacked the twitter page of the whole region a mass murderer anders breivik claimed the breach was an attempt to undermine the killers on my posts and ideological statements. in and of wild west meets the east in russia where people turn into cowboys and indians for the start of the annual cowboy fast ball. game. in israel foreign media are being accused of burning their heads in the south and over coverage of the biggest anti-government protests the country has seen in
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decades well tens of thousands of people fed up with deteriorating living standards are staging demonstrations calling for prime minister binyamin netanyahu to step down but his policy reports from tel aviv protesters voices are simply going on heard by the rest of the world. tens of thousands on the streets of israel angry today and protesting for change but is anyone listening when it comes to a lot of the foreign media want to see more of an action movie and. very violent it's been very hadn't been going out at all it's been very positive. well into week three the largest demonstration in israel in over a decade and how did a.b.c. c.b.s. and n.b.c. coverage they didn't a young a woman set up a tent while the editors of france twenty four b.b.c. and sky coughed up just
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a few meager seconds perhaps not even that interesting to. look back in the studios ok there's a protest well what exactly is the protests the social protests for the revolution it's not the same kind of story the pollution is not as big and dramatic some of the bigger revolutions happening around the middle east and i knew of his rough isn't surprised by the worldwide lack of media interest he's worked in the israeli press for decades but porting from media both foreign and local there is a box that the international media has put israel. palestinian conflict also israeli lebanese and syrian conflict anything that doesn't kind of fraud into that . type of of news item which is unfortunate must be it has been dubbed top your corner by some of the people here an optimism perhaps that they too can bring down the government in the way the neighbors in tough with square. that was the plan was they were willing to non stop it here they put it up
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so that just makes hundred reyes and others angry for nine days she's been camping here furious that she can't make ends meet as a university student in excel said that when egypt decided to stand up and say we've had enough and where eleven. they decided to say we've had enough the media was all over there i haven't seen anyone from c.n.n. or fox news or any other big news channel here and it's really sad we also deserve a chance to be heard out but according to independent media consultant in germany region the protesters need to be patient and star has really reached international proportions yet it's either the government's fault. this is like an inside. story and that is a bit of a problem when you're looking from overseas trying to figure out what to cover it's not that you know the economy is good long before the economy collapses the
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protesters here might have to throw in the towel because as demonstrations of the world without the international press and without the pressure of foreign governments a protest can go only so far paula see on t.v. television. and blogger danny schechter says that the reality of life in israel often goes sudden noticed because they contrie only attracts coverage for its role in conflicts. many americans think some of the israeli government is very popular police years of israel get a lot of attention in the american media and israel is presented almost as a model with a country when it's actually an extremely divided country a massive protest of the kind we've seen in israel about just the economic realities that people there are experiencing is something americans have no understanding of because there's no context in the reporting israel's only reported
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in the context that it's conflict with iran or its conflict with palestinians the actual reality of life in israel what's happening to people there and how this right wing government in israel is handling the economy is something that we never really hear about whatsoever it's a very unstable situation the economy there is very unstable as well you know when you look at the middle east generally speaking they talk only about the arab countries only they have internal discord never hear about israel's internal discord and the fact that this uprising essentially is taking place in israel while the same time as one going on in syria this one going on in egypt you know shows that the same pressures are being experienced by israeli people as well which is inflation economic pressure food prices rising all kinds of
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economic uncertainty. more news is coming from e.'s row where the prime minister has announced he is ready to discuss israeli borders with palestinians who are going to netanyahu has agreed to negotiate a possible return to pre-one nine hundred sixty seven territory lines now israel has been occupying land in the west bank for palestinians hope to build their own state since the sixty war was over forty years ago peace talks over borders have been stalled since last september due to construction of jewish and jewish settlements in the area. afghan officials say at least four people were killed and ten are wounded in a suicide bombing in northern afghanistan when an attacker blew himself up at a will contest house two other insurgents broke in and then gauge police in a two hour shoot out this comes two days after eleven people were killed in an
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assault on police headquarters in the south of the country. pants energy operator tepco has detected the highest level of radiation at your fukushima nuclear facility since the march earthquake and tsunami hit the plants the reading it taken between the first and second reactor buildings registered at levels considered a fatal to human health not a company and garden governments say they remain on target to bring the reactors to a safe state of cold shutdown by january tens of thousands of people remain in temporary shelter after a no go zone around the complex was in force. a legendary russian military helicopter which has been in service for decades is coming back to the front line in afghanistan the u.s. has bought over a dozen choppers from russia for the afghan security forces are you know because
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reports. and then it's is a nickname soviet soldiers gave the strong standing wind of afghanistan or twenty years ago they regard it as their main enemy as they struggle through air missions over high mountains in extreme weather now it's he said he's got these is so he designed am i seventeen which made its name as a valid survivors. into this helicopter may not be the most advanced but it's well protected from the destructive sounds unlike many of its alternative is very powerful and perfect for the extreme climate of afghanistan if you'll be able to operate here for about twenty five years. the u.s. led mission in afghanistan and soon when nato troops go the only seventeen's will make it come back to face the afghan is when once again russia will ship twenty one helicopters to afghanistan to help the country's security in years and pilots work
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together to perfect and ease operating what am i seventeen while it seems quantum physics to me after and pilots are already familiar with i'm sure. many of them trained under some of the air force instructors even now twenty years later speak perfect russian. i graduated from a pilot school in the russian city of in one hundred eighty four when i got back to afghanistan to serve in the army we only had soviet aircraft those machines were the best to get to the most difficult and isolated parts of the country i regret that the us will be for afghanistan's m.-i seventeen's something which could american helicopter manufacturers in a spin with congress juicing russian military aircraft the countries had plenty of helping hands after the soviet invasion and russia provided millions of dollars worth of military hardware and a lot of a down billion dollar debt to the u.s.s.r. but it wasn't enough if nothing else it is the most american where. of thinking
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that if you ask for something he'll pay for their so they'll say well i think it was for me it was ridiculous in a way because it sounds like a socialist approach now the deal is sealed russian engineers are working to assemble the helicopters the am i seventy s proved that military might doesn't always mean advanced technology as long as it's got the tough stuff for the terrain and they've beaten their guidance wins before and then who are t. doesn't. go up next it's a business update with kareena. services as out of it we have alex thanks for joining me the united states has avoided a debt default but the optimism of that has been particularly short lived for the markets instead investors are focusing on the poor state of the world economy also a concern is the fact that washington will be cutting spending by two and
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a half trillion dollars over the next ten years. to use the union plays we're going to see some significant cuts in public spending in the second half of the year exactly the term we use economy slowing down so obviously i don't need to imply some good old the usual downward revisions in green growth united states and united states still be as you call them in the world i think it will reduce our growth down to the regions in the world and such kind of environment and the russia doesn't do very well we have done a couple of calculations we estimate that if. growth united states for example is very easy to reduce by one percent growth in russia could actually suffer way two percentage points of the decision not non-trivial nontrivial impact. looking at the markets now or prices are under pressure following a disappointing report on u.s. manufacturing that concern over crude light sweet is trading below ninety five dollars a barrel while brant is losing thirty five cents and it's trading at over one
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hundred sixteen dollars a barrel. precious metals are gaining this hour as investors look for safe haven gold is a quarter of a percent of while servers almost represent the black asian stocks are in the red investors are concerned about the slowdown a slowdown in u.s. manufacturing japanese exporters away by strong the yen with tens of down over three percent and banking stocks are among the worst performers in hong kong industrial and commercial bank of china lost three percent amid reports of a major share placement. here in moscow the markets will start trading in just one hour of the r.t.s. the muzhik vote rose over a percent on monday but energy stocks among the main gate. investors have game called prince of the u.s. that resolution. i have seen much of believes they will remain focused on the other side of the atlantic looking indicators about the health of the world economy. a lot of this was going on sidelines kiko the second gym the second part of the week
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i anticipated in the u.s. labor market really on friday morning and this is that this is the that sidespin coming out as sage is being painted a mixed picture and that's why i think a lot of into investors are going to be trying to stay on the sidelines until at least this number comes out and particular this is going to coupled with a pseudo slowdown in august so. a lot of investors given all the uncertainties in the market prefer to sort of stay on the sidelines and it's a conservative positions but i mean we're still in the bull market and this is just the pause and i think now when we pause in the good times to look at their winners or rather may be losers that's all the out there for now but remember a fine once there was a website out got called facts. well
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three british scientists signed. on to the title.
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market why not. come to. find out what's really happening to the global economy with months concert for a no holds barred look at the global financial headlines tune into cars a report on our. morning news today violence is once again flared up the film these are the images go viral he's been seeing from the streets of canada after. showing up for a shots of the day. the coupe.

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