in india oldies availability in the movie join me that shows the movie that's a good way to turn the branding period during the george weston to school until you can a listen to joe joe's mission which i don't have to go and. read this in the can it was her job as a school retreat. emergency deal to avert a debt crisis has been approved by the lower chamber of the u.s. congress narrowly escaping a devastating to fall. the destiny of the bill is now in the hands of the u.s. senate but after months of political bickering will it be enough to afford financial crisis. will global stocks rally as america's scapes these self-imposed budget collapse but confidence and the u.s. reputation as the world's creditor has been severely down. russia says

u.n. action could help bring an end to violence in syria but once again excessive pressures that could lead to a libya style intervention the experts stress the e.u. and american sanctions being enforced against the vasquez alone and making matters worse. and the voices of tens of thousands of anti-government protesters and ease road calling for the prime minister to stand out are going on reported by the international media. in business this hour german energy made it known as a gas going to court to get a better price for the gas will bring you more on this story in our business bulletin boards with. just after one pm here in the russian capital you're watching r.t. now the lower chamber of the u.s.

congress has passed a last minute deals and prevents a devastating a full scale default and that's after months long political confrontation well the only remaining hurdle for the legislation is senate approval which is expected later on that you say are these lucy catherine of is in washington with more. not a lot of good news in terms of the big picture for the u.s. 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 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 us stifling of growth now we have to keep in mind that the 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 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 and 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 of this is that neither the left and you are the right really liked what came out of the deal at the end we saw one democrat said that this is a sugar coated satan sandwich you look at the bun and nobody likes what they see that and of course of by creating this special commission that will sort of figure out where to cut spending over the next few months if that issue is still going to come up right in time for the elections so no one really wins in this deal while the compromise agreed in washington comes just in times of revenue media catastrophe the national analyst max kaiser believes it won't be enough to persuade ratings agencies to let america keep its precious tripoli credit score.

u.s. treasury bond market will be downgraded it will no longer carry the aaa rating no matter what they decide and this is exactly what wall street banks want you don't make much money trading aaa rated u.s. government debt most of the economy in america over fifty percent of the economy is tied to investment banking and wall street trading so they control the g.d.p. for them to continue to make money they need to look for new business new revenue is turning america's aaa rating to junk will make them many many billions of dollars in fees it's just simple economics and simple business just follow the money of the folks on wall street the american public by the juggler and are going to keep squeezing until they end up putting another fifty or sixty million of people permanently into poverty and just destroy this economy what obama needs to do if you're working in the interest of the people would be to nationalize j.p. morgan and goldman sachs immediately fire these crooks and start all over again

because you've got a predatory monopolist down there on wall street who is interested in wiping out the middle class for a quick buck and that is tyranny of the risk of america's possible self-imposed default has resonated far and wide with global stocks rallying following the house vote what are your shooter reports that despite the immediate economic relief we're voices calling to replace the dollar as the world currency are being heard. chinese newspapers are calling this entire u.s. debt deal debate irresponsible and even immoral so although people are celebrating the fact that it didn't pass there is a lot of cautious optimism here what's important to know if they have a huge vast 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 many critics of this deal are saying that this isn't going to do anything to help american unemployment which directly impact the asian economy

as well as you know asia is the manufacturing center of the world so if the unemployment problem isn't solved in the united states that also means that consumer confidence goes down for america. 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. she's a pretty a shooter there reporting from new delhi india and coming up ahead in the program a report of voices. i haven't seen anyone from c.n.n. or from fox news or any other big news channel here and it's really sad we also deserve the chance to be heard oh. it's a palace and so this really needs to validate that their government's selsey of the international media is turning its back on the country's problems. our reports are coming in of dozens more protests or deaths at the hands of

government forces in syria russia says limited u.n. security council action could bring a quote good results in helping stop the ongoing violence in the country but moscow warns that any messrs. solving not aggravating the conflict but the security council has held a close emergency session on syria and with reports of government forces there killed over a hundred protesters on sunday moscow's already issued its strongest condemnation of the virus appealing to both sides of the conflict russia has been cautious about international action are syria fearing a repeat of what it calls a violation of the un mandate on libya damascus is already under a set of america and the e.u. sanctions are former u.k. a basket or to syria told r.t. that internal developments of the country go out the leader of 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 middle class support from damascus and aleppo to 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 is unleashed 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 the baskets are being stepped up middle east expert joshua landis thinks these measures of all eventually backfire on the syrian people. all of the syrian opposition leaders who have yet. elected executive committees have all the man that there'd be no foreign intervention now of course foreign intervention is a very broad and gray area there's a 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 have work to 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 could tell the opposition you're on their side but they in fact they are the

people you don't want to. go back to our top story just to remind you of the lower house of the u.s. congress has passed a last minute deal to avoid a catastrophic default that's after months of political wrangling let's talk more on the u.s. debt deal with it peterbilt financial writer joining us from berlin to circle thanks very much for being on the program again after weeks of debate a compromise ice has finally been reached but why are we hearing anyone in washington calling this deal a victory. well because it in fact is not a victory for anybody except if you like for the lowest common denominator of compromise the republicans are not happy and least happy of all of the tea party component of the republicans who actually wanted to see not only spending cuts but actually end all new indebtedness by the united states of the republicans that is the republicans on the other side the democrats and that of course includes the

president they wanted to see rich americans paying making a greater contribution to the deficit reduction of what could have meant higher taxes for very well to do people the republicans have stopped that and so naturally the democrats who are in favor of greater welfare and of course in favor of greater participation by the rich in america they are also not happy but it's the best compromise that with the time running out that anybody could reach is the best compromise for now as you're saying but there is still the issue of the trickle invaded which is really getting investors here it's been a voice out in asia in other parts of the world so credit agencies might still downgrade the u.s. a credit rating even if this deal this passed now will this eventually scare investors away from america. well the trouble is that most investors in america don't have anywhere else to go people who countries sovereign funds which have

large amounts of money which they need to park somewhere until they can use it or toes at home and that of course of a brother or the chinese to some extent some of the richer arab nations but also russia they really have nowhere else to call their money of course they're not happy about seeing the dollar in which they're investing their money possibly inflating and losing value but in the short term there really is nothing else they can do because if they take their money out they can take it all out at once what is left is going to be downgraded even further so it's a case of shooting yourself in the foot if you do the logical thing which is to put less money in of the united states and you know the deal is seems only a temporary solution you're saying it's the best compromise it could come up with now but the debt still continues to pile up it's still in the trillions it's still there how long can the u.s. keep raising the debt ceiling. well vision is a question that nobody can possibly answer because although the actual credit

rating just aaa rating might be in doubt now and it's possible that one of the rating agencies what i thought john grade that aaa rating or put it was what is called on negative watch my words that's a warning that if things don't improve they would don't grazier some point in the future that of course is going to alarm everybody but you know these ratings are all relative there is nowhere else in the world where you can have a aaa or even very nearly a aaa rating but it could certainly have an impact on banks all through the world and if banks are unable to use their treasury bills as collateral in order to borrow money from their central banks and the valley is one of the dangers event of course we could see another freeze up of a world banking system the way we did in the year two thousand and eight with who knows what sort of. impact on the world economy we could be not only having

a double dip but never another major recession and that is the fear which whatever they do in the united states having wrung out these enormous debts that fear is going to remain and it's a valid fear so mr bill let's just just briefly i'd like to touch on the u.s. elections in president obama's key objective here is the twenty twelve elections he already has his eye on and how will the agreement influence his chances of reelection. well it doesn't make him look good if anybody has one if you like it is the tea party the republicans that have held the country and held the president to ransom to accept the deal but he absolutely didn't want to do now on the one hand that makes him look weak if on the other hand the result of this deal largely pressed upon the president by the republicans if that leads to a downturn in the u.s. economy if people start seeing that possibly that their welfare payments their social security. their health care payments to to to veterans indeed even

payments to current serving soldiers are in any sort of danger it's not clear who they will actually blame in the end it is quite possible that this sort of radical form of financial stringency which has been imposed will actually revilement the republicans that we should actually say although the debt yes the ceiling has been raised and the of the president have been given the authority to raise it once more in order to go past the next election it is simply one clear how this is going to play politically particularly if the economy does suffer a severe downward impact which is absolutely possible all right thank you very much for your insight and thank you peter bell the financial writer talking to us from berlin. what. the suspects arrested in connection with an explosion that

took place at a kindergarten in eastern russia which left one girl injured has confessed to the crime the blast wounded a five year old pupil who noticed a small box decorated with a ribbon on the terrace of a kindergarten in the city of qom so most not a more reports say the bomb was packed with nails and others maul metal objects leaving her with multiple cuts and severe burns local authorities are treating the incident as a terrorist attack schools and kindergartens across the region are now being inspected by authorities now the twenty eight year old suspect is still being questioned by police. and on the way back to the front line after two decades we'll find out why the u.s. has sealed a multi-billion dollar deal the supply of russian helicopters the afghan security forces. in israel mainstream media are being accused of burning their heads in the over coverage of the biggest anti-government protests the country has seen in decades well tens of thousands of people fed up with deteriorating living standards

are staging demonstrations calling for prime minister benjamin netanyahu to stand down result his policy or reports now from television 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 this has been very violent it's been very hard and been violent also in very positive. well into beat three the largest demonstration in israel in over a decade and how did a.b.c. c.b.s. and n.b.c. cover it they didn't a younger woman set up a tent while the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting to. look back

in the studios ok there's a pro to what exactly is a protest a social protest for the revolution it's not the same kind of story that they used to know it's not as big and dramatic as some of the bigger revolutions happening around the middle east and i mean isn't surprised by the worldwide lack of media interest he's worked in the israeli press for decades reporting from media both foreign and local there is a box that the international media has put israel in and is really palestinian conflict. and syrian conflict and anything that doesn't kind of fraud into the. type of of news item which is unfortunate 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 it makes me upset that when egypt decided to stand up and say we've had enough and. eleven and they've 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 on the streets has been. stuff here cornered by some of the people here an optimism perhaps that they suit can bring down the government in the way they neva think stuck with square. past with the cameras they were winning nonstop here they pretty absence put a stay on t.v. television camera. now blogger danny schechter says that the reality of life in israel often goes sunday notice because the country only attracts coverage for its role in conflicts many americans think somehow the israeli government is very popular police years of israel are killed out 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 something americans have no understanding of because there's no context in the reporting israel's only reported in the context of its conflict with iran and its conflict with palestinians the actual reality of life in israel and 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 but generally speaking they talk only about the arab countries only they have internal the discord the never hear about israel's internal discord and the fact that this uprising essentially is taking place in israel while the same time as the one going on in syria this one going on in in egypt you know shows that the same pressures are you know being experienced by

israeli people as well which is inflation economic pressure food prices rising oh all kinds of economic uncertainty. and more news is coming from e.'s rail where the prime minister has announced he's ready to discuss israeli borders with palestinians many netanyahu has agreed to negotiate a possible return to three hundred sixty seven territory lines has been occupying land in the west bank where palestinians hope to build their own state since the six day war over forty years ago peace talks over borders have been stalled since last september judy construction of jewish settlements in the area. afghan officials say at least four people were killed and ten wounded in a suicide bombing in northern afghanistan when an attacker blew himself up at a local guesthouse two other insurgents broke and gauge police in

a two hour shootout this comes two days after eleven people were killed in an assault on police headquarters in the south of the country. japan's energy operator tepco has detected the highest level of radiation at the fukushima nuclear facility since the march earthquake and tsunami hit plus the reading i've taken between the first and second reactor buildings registered at levels considered fatal to human health the company and the government 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 those enforced. now a legendary russian a military helicopter which has been in service for decades is coming back to the front line in afghanistan of the u.s. has bought over a dozen choppers from russia for the afghan security forces are of our reports.

other than it's is a nickname soviet soldiers gave to the strong standing wind of afghanistan over 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 sees these as soviet designed and why seventeen which needed some name as of by his survivors. the engine of his helicopter may not be the most advanced but it's well protected from the destructive sounds unlike many of its alternatives is very powerful and perfect for the extreme climate of afghanistan it will be able to operate here for about twenty five years. the u.s. led mission in afghanistan will end soon when they just blow the m.i. seventeen's will make it come back to face the afghan it's whence once again russia will ship twenty one helicopters to have any stand to help the country's security

in years and pilots work together to perfect and ease operating with m y seventeen and while it seems quantum physics suneet afghan pilots are already familiar with the machine many of them trained under soviet air force instructors even now twenty years later speak perfect russian. i graduated from a pilot school in the russian city of christendom and nineteen eighty-four when i go back to afghanistan to serve in the army we only have soviet aircraft those machines were the best to get at the most difficult and isolated parts of the country that the us will be for advantage stands in my seventeen's something which will american helicopter manufacturers in a spin with congress choosing russian military aircraft the conti's had plenty of helping hands after the soviet invasion and russia provided millions of dollars worth of military hardware and wrote off a ten billion dollar debt to the u.s.s.r. now the deal is sealed russian engineers are working to assemble the helicopters

the m.i. seventeen's prove that military might doesn't always mean advanced technology as long as it's got the gov stuff for the terrain and they've beaten their guides wins before then they go r.t. . well curry has here now with all the latest in business. welcome to business here and i take it to have you with me and our top story this hour german energy major iran is taking gas prong to court. to get lower prices for russian gas company argue spot prices are up to fifty dollars cheaper per thousand cubic meters that the current long term contract it has with castrol but in a few questions these cuts. gazprom says it already revise the gas price for e.o. last year at that time persuaded gas promptly to sell a partner with gas at a price leads to support prices which will lower the gas prices contracts now eon

is asking for further reductions the company's suffering had a losses due to the gap between gas prices price and that's only european markets which deal and serves the gazprom wants to stick to its long term contracts which it says provide security for customers at only a small premium to support prizes the talks have lost for more than a year now without success so now eon is taking the matter to an arbitration court blears we've spoken to suggest it is it will be in the courts power to instruct gazprom to decrease what it charges but it would need a contractual reason to find in the yawns paper. now the united states may have avoided defaulting on its debts but that has created little optimism in the markets instead investors are focusing on the poor state of the world economy also adding to concern is the fact that washington will be cutting spending by two and

a half trillion dollars over the next ten years. i mean he's due in plays we're going to see some significant cuts in public spending in the second half of the year exactly at a time when the u.s. economy slowing down so obviously are being used to imply some good old buddy visions double digits in green growth united states i noticed it's still the beauty economy in the world i think that we're going to see some growth down double digits in the world i mean such kind of environment usually russia doesn't do very well we have done a couple of calculations we estimate that if. you and i did states for example is that you said you'd buy one percent growth you in russia could actually suffer by two percentage points which is not non-trivial nontrivial impact. now look at the markets now all prices are under pressure following a disappointing report on u.s. manufacturing concerns over crude from light sweet is currently trading at ninety four dollars a barrel well brant is at one hundred and sixty dollars

a barrel stocks in europe open lower with banks in focus markets like you can i own the u.s. where that steel now headed to the senate for winning approval in the house of representatives shares of down point six percent of the second quarter results of barclays rose over two percent after earnings and here in moscow it's a similar story with both maybe this is negative territory the r.t.s. is point nine percent lower while the rise six is down over a quarter percent let's have a look at some individual movers otherwise express our energy and banking stocks are weighing on the indices just on was losing a point seven percent while the city is down more than a third of a percent i mean while russia's air carrier air flight is supported by positive results the company it's almost doubled its net profit in the first half of the year reaching two hundred forty three million dollars. for update for this hour but don't forget to join me in about forty five minutes from now.