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the u.s. house of representatives the swings behind the debt limit failed to avoid default amid criticism that america still faces economic recovery despite the last minute compromise. the destiny of the bill is now in the hands of the u.s. senate after months of political bickering will it be enough to avert financial crisis. nato members press for the tough u.n. action against syria's government response to escalating violence but russia to block any resolution leading to a libya style industry. and israel is a seized by a tidal wave of government protesters demanding sweeping economic reforms but demonstrators complained that summer of discontent is largely being passed over by the international meeting.

a very warm welcome to you this is r.t. live from moscow with me. the lower house of the u.s. congress has done its bit to prevent a devastating default passing an eleventh hour bill to raise the country's borrowing limit after months of stalemate and political squabbling the bill could be signed into law later on choose if the senate also gives the go ahead. across the latest in washington. 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 averts 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 feeling 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 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 is a sugar coated satan sandwich you lift the bun and nobody likes what they see and of course by creating the 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 elections so no one really wins in this deal and those are reporting right well while the deal helps the u.s. avert immediate the fold it may be too early to heave a sigh of relief it's the rating giants standard and poor's and moody's have both indicated that it could still strip america of its prized aaa school financial analyst imax kaiser believes the days of america's debt being seen as risk free of . a 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 the spreads a very tight and there's not much money to be made it's foolish to think of this sometimes of republicans versus democrats this is about savers averse to speculators speculators want interest rates at zero percent and they want u.s. treasury bonds a junk savers who are not getting any return on their investments because interest

rates are zero are buying gold which is about to hit another new all time highs and currencies around the world they're buying silver because they realize that the american kleptocracy a and the folks on wall street have the american public by the juggler and they going to keep squeezing and so they end up putting another fifty or sixty million of people permanently into poverty and just destroy this economy for the purpose of making a quick buck these people are financial terrorists what a barak 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's interested in wiping out the middle class for a quick buck and that is tyranny when our both the democrats on the republicans have to make concessions to reach the last minute compromise and neither of you the deal is perfect fragile right to build so if the american public should turn

against both parties for ruining the economic prospects that might be the right way . 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 a deal that he absolutely didn't want to do not on the one hand it makes him look weak if on the other hand the result of this deal largely pressed upon the president by the republicans evacuees 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 the 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 is being imposed will actually

rebound on the republicans it is simply unclear how this is going to play politically particularly if the economy does suffer a severe downward impact which is absolutely possible well the risk of the biggest economy defaulting has a send ripples around the world with inevitable concern in asia with its heavy investment in u.s. debt as aussies prostrated reports despite the immediate economic relief more voices according to end the dollar's reign as the main reserve. asia has a huge vested interest in what's going on in the united states three trillion dollars of united states debt is held by asian countries china being number one japan being number two so confidence has really gone down here stocks here are rallying people are obviously happy that this debt deal finally passed and many leaders here are actually shocked at how long it took chinese newspapers are calling this entire u.s.

debt deal debate irresponsible and even a moral many critics of this deal are saying 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 if the unemployment problem isn't solved in the united states that 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 continent so people are definitely worried there's also been a lot of talk about the fact that the dollar has been at some of the lowest rates we've seen and in the past year and so there has been a lot of muttering fear in asia about perhaps an alternative reserve currency or perhaps looking into a basket of r. and b. including japan and china as well. bring us the asian markets reaction to the u.s. debt deal well you always want to be live from moscow we're still ahead for you

this hour but to the front lines you find out why the united states has sealed a multi-billion dollar deal to buy a dream russian truckloads for security forces. and it brings a whole new meaning to taking up all of this trying and that was so fun i will say this is about how much that's coming your way to turn the program here on alt. a fresh outbreak of violence brings more death to syria as government forces fire again on anti-government protesters the un security council is set to resume discussions meantime on the situation in the country all amid reports of over eight hundred being killed on sunday moscow has condemned the brutal conflict appealing to both sides for dialogue russia has been cautious about international action on syria fearing a repeat of what it calls the violation of the u.n.

mandate in libya warns that any measures on syria must be restricted to solving and not aggravating the conflict and as the e.u. expands the sanctions on damascus a former u.k. ambassador to the country tells us that it's the internal situation in the country that will eventually oust president assad. 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 that the road he is leading them down is 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 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. well i western officials are ruling out military intervention in syria instead putting more economic pressure on damascus moscow says sanctions against the country are inadvisable middle east expert joshua landis things that were strictly of measures will eventually backfire and only hurt the syrian people. all of the syrian opposition leaders who have mats and and 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 is a military dimension like libya but there is 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 worked they've starved the people and not the government and that's the danger of sanctions if 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 often hurt the people you don't want to hurt. you with r t live from moscow there's a lot more for you at all web site of course dot com here's just two of the many more stories you can find online for you and the fears over revived not since the baltic states welcomes a veterans of hitler's what an s.s. to the rally in a stone with fascism finding a pocket of support in russia. and urban panic and whirlwind strikes eastern russia becoming the country's first ever city tornado

a thirteen minute twister injured dozens and caused massive damage to. a terror suspect has confessed to making the bomb that injured a five year old girl following an attack on a kindergarten in eastern russia investigators say the homemade device was wrapped as a gift box and left on the kindergarten terrorists in the city of moore it exploded when the child touched it with nails the bomb a left ago with multiple cuts and severe burns she's now being treated in hospital the twenty eight year old suspect is still being questioned by police authorities are now inspecting all schools and kindergartens in the region in connection with the incident. well in israel a central square has been turned into tent city crowds of protesters have expressed their discontent with soaring prices and plummeting salaries but as. reports that peaceful demonstrations often go unnoticed by the government by the world's mainstream media. tens of thousands on the streets of israel angry

and protesting for change but is anyone listening going to throw a lot of the foreign media want to see more of an action movie and the thousand very violent it's been very hadn't been violent 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. cover it they didn't a younger woman set up the 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. back. in the studios ok there is a protest what exactly is a protest a social protest or revolution it's not the same kind of story that they're used to it's not as big and dramatic 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 that is the israeli palestinian conflict or so the israeli lebanese and syrian conflict anything that doesn't kind of fit into that. 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 to make sail said that when egypt decided to stand up and say we had in. and in the seven on they decided to say we've had enough the media was only over there 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 a chance to be heard out in the streets has been dubbed tough you know cornered by

some of the people here an optimism perhaps that they can bring down the government in the way they may visit toughest school. bus was the cameras they were willing to non stop here a pretty absence. to see on t.v. television. well apparently for many western china where there is no violence there's no news on american blog media critic gunny schecter says the reality of life in israel has never been brought into the spotlight. many americans think somehow the israeli government is very popular the leaders of israel get a lot of attention in the american media israel is presented almost as a monolithic 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

in the context of its conflict with iran or 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 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 you know being experienced by israeli people as well which is inflation economic pressure food prices rising oh all kinds of economic uncertainty. all right here we are to live from moscow now it's seventeen minutes past the hour

marina's here soon with the business news but for now some other news from all around the world for you at least twenty three people have been injured in the northern iraqi city of kut of cook after a car bomb exploded outside a catholic church police say two further attempts to bomb christian targets were foiled by the wounded included church staff and people from neighboring houses which were also damaged by the blast this is the latest of a series of similar attacks in the muslim region where minorities are regularly targeted by insurgents and religious extremists. israeli prime minister binyamin netanyahu has agreed to discuss a possible return to preen one nine hundred sixty seven borders with the palestinians the country has been occupying land in the west bank where palestinians hope to build their own state since the six day war the announcement follows of binyamin netanyahu consistent rejection of the same proposal put forward by barack obama in may in return the palestinians would be expected to drop their bid for statehood at the un and formally recognize israel as

a jewish state. a suicide bomber has blown up his car outside a local guesthouse in the afghan city of can do its two more militants broke in and held off police in a firefight lasting for two hours four guards were killed and ten injured and several foreign guests escaped through the rear of the building the taliban admitted responsibility for the assault the latest in a number of rising at sites in northern afghanistan. japan's energy operator tepco has detected a high radiation reading at the fukushima nuclear facility it's a record since the march earthquake and tsunami the recent levels are more than double the previous record high and considered fatal the company and government say they remain on track to bring the reactors to a safe state of cold shutdown by january meantime tens of thousands of people remain in temporary shelters after a no go zone around the complex was in the forest.

well a legendary russian military helicopter which has been a service for decades without coming back to the front line in afghanistan the u.s. which is withdrawing from the region has bought more than a dozen of the choppers from russia for the afghan security forces. as the story. of their needs is the nickname soviet soldiers gave to the strong standing wind of afghanistan over twenty years ago they regarded as their main enemy as they struggled through air missions over high mountains in extreme weather and now it's the city's these the soviet designed and why seventeen which made its name as afghan and survivors. the engine of this helicopter me not to be the most advanced but it's well protected from the destructive sound unlike many of its alternative is very powerful and perfect for the extreme climate of afghanistan it

will be able to operate here for about twenty five years if. the u.s. led mission in afghanistan will end soon when they do its troops go the only seventeen will make it come back to face the afghan is when it's once again russia will ship twenty one helicopters to afghanistan to help the country's security in years and pilots work together to perfect and ease operating of m y seventeen while it seems quantum physics to me 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 in one thousand nine hundred 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 with the us will be for afghanistan's m.-i seventeen's something which put

american helicopter manufacturers in a spin with congress and using russian military. kroft the country's had plenty of helping hands after the soviet invasion and russia provided millions of dollars worth of military hardware and a ten billion dollar jet to the u.s.s.r. now the deal is sealed russian engineers are working to assemble the helicopters to m.i. seventeen's prove that military might doesn't always mean advanced technology as long as it's got the tough stuff for that serene and they've beaten them guidance wins before and then we go r t. r it's an hour twenty two minutes past the hour here in moscow booking a ticket to space is a dream for many but it's a dream that very few have managed to achieve the legendary commander of an apollo moon mission tells us how reaching zero gravity can actually shrink the. i think the people who are astronauts are it's. the people who

live on the. people who like to explore people who like to see something different who like to open up new doors when we look back at the earth area that we had we get. to the window and everything behind our earth was was disappear what with everything that we've ever had was i had thought it was that's sort of a usual feeling a fairly insignificant really we all are back on earth if i could put by thought up that height everybody. i know you can watch the full version of that interview in about eight minutes time right here. well heavy traffic and chaotic parking is a daily headache in just about every major city in the world and people unable to find a parking space will often just leave their cause in any available spot of be it on the pavement or a bus stop but the mayor of the ideas capital of vilnius has decided that

a ticket just isn't enough however look here as you can see he employed simple yet effective means to flatten this car and the owner of this is a fault in the bicycle lane made just for granted as it's come in the worst form of a scuffle with that almost tank the video is actually published by the mayor's office as a reminder to those who violate traffic and parking rules going i'm certainly glad i didn't park my ferrari that. i should probably clarify i don't have a ferrari and i don't even have a car i get to work on a tricycle now and just a few minutes or an r.c. we meet the apollo thirteen commander the notorious mission that never reach the moon but first marinus it with the latest business update. hello and welcome to business here on our team now we start the soule with german

either jim a jury on which is taking gas from to courts to get a lower price for russian gas the company argues spot prices are up to fifty dollars cheaper four thousand cubic meters than the current long term contract it has with gas problem that has all the details for us. gazprom says it will read to revise the gas price for eat all last year at that time perswaded gas from a partner with gas at a price linked to support prices which will lower then gas problems contracts now eon is asking for further reductions the company's suffering had a losses due to the gap between the gas prices prize and that's only european markets which serves the gazprom wants to stick to its long term contracts which it says provide security for customers at only a small premium to spoil the prizes the talks have lost to the for more than a year now without success so now eon is taking the matter to an arbitration court

lawyers we've spoken to suggest it is that within the court's power to instruct gazprom to decrease what it charges but it would need a contractual reason to find in favor. of lawmakers in washington are still copeland together a deal to cut spending and avoid a dead default while the plan seems set to go through the process is inspiring little confidence in the markets and investors are concerned it's just a short term fix and the ratings agencies will see right through it. i think that the market to focus its attention all the decision being taken by the rating agencies right what the rating agencies do now and i think that under the poor stupid people who are used to rating agencies that has been more vocal about that they should do a statement on fourteenth of july and they say that if we don't see a credible long term plan for turkey to grow. great you were very very explicit

about it i'm not quite sure that we could use to really tackle these issues directly related that i'm good that's right it is a fifty fifty chance that that's not the most important thing for us. let's take a look at the markets now or oil prices are under pressure falling at this point some reports on u.s. manufacturing of concerns of a crude demand for light sweet discreet trading at ninety four dollars for a barrel while bryant's is out one hundred sixteen dollars a barrel. and precious metals are gaining this hour as investors look for safe haven gold is gaining almost one percent so while silver is up one and a half almost one the have percent there. let's take a look at what's happening in europe stock markets are lower with banks leading to the clients b.m.p. by the bomb fell two percent after reporting a one point one percent rise in second quarter profits swiss banks are also lower with credit suisse group over four point five percent and the london shares off

xstrata tumbled two point two percent after the miners said first half net profit more than doubled. and it's a similar picture here in moscow where both the indices are in negative territory the arts yes as down over a percent while the my sex is one percent in the red the second look at some individual moves on the my sex energy and banking stocks are weighing on the indices their gas from envy to be are down about one percent meanwhile russia's air carrier air flight is supported by positive results. company has almost doubled its that profit in the first half of the year reachin suv hundred fifty three hundred forty three rather million dollars. russia and to have investment group d.s.t. global has bought five percent of social network twitter for four hundred million dollars and that's according to the financial times quoting a source close to the deal the newspaper suggests the investment might be the last

long before twitter lists on wall street's theistic lobel also owns almost eight percent of facebook. russian mobile phone retailers as noisy as celeste on the london stock exchange and twenty twelve the company's c.e.o. has estimated its value between one point six and two point eight billion dollars and says up to forty percent of shares will be sold meanwhile says no one has reported the twenty six percent growth profit for the first half. and that's all business news for now for more stores you can always check out our websites r t that call slash business in the meantime sits in for the headlines with for e.