in india all she's available is to move the joint people to the home of villas the gateway to the grand imperial truly the taj was to school until you can a little closer to civility to go and. read this and the colonel was her child as a treat. us finally passes the debt limit bill to avoid default to read criticism that america still faces harsh economic recovery despite the last minute compromise deep . enough light for the debt both here in washington after months of brinksmanship but the short term political victory spell doom that can now make do in the months ahead. the u.n. security council debates a resolution on syria following the escalation of violence there russia says any

decision must meet the interests of the syrian people. and israel is seized by a tidal wave of anti-government protests and nodding sweeping economic reform at demonstrations complained some a discontent is not actually being pulled over by the international media. international news and comment this is life here in moscow just turned eleven pm in the russian capital good to have you with us this hour to months of political squabbling in the shadow of a looming default the u.s. can finally breathe a sigh of relief that bill to raise the country's boring limit has been signed into law by president obama after an eleventh hour deal passed its final hurdle in the senate and lucy's. has the latest in washington.

the president did come out and speak earlier he called this crisis a so-called manufactured crisis saying that it shouldn't have taken the risk of a default of a catastrophe for the washington to get it after work together interesting words but of course we can't let the fact that both the president as well as the both both of the political parties are all equally to bring blame for the big picture economic crisis that has brought the united states to the starting point now what this deal does is essentially raises the borrowing limit of the united states while cutting spending by about two point four trillion dollars there's a lot of sort of strings attached in order to raise that debt deal limit and the reason that we saw this battle over this fairly routine over votes the reason the debt limit keep in mind is something this country has done more than one hundred times since one thousand nine hundred eighty s. what we saw what was different this time is that this became a proxy ideological war between the republicans in congress and the democrats now of course we are entering an election year and so the republicans chose this time

to sort of dig in their heels and to really fight with the democrats over issues that both sides are diametrically opposed to what do these so-called tea party republicans the right wing republicans want no taxes much lower taxes they want very little government spending but the exception on occasion to of course defense spending democrats meanwhile want to keep spending on social programs at high levels they want to close with they call corporate tax loopholes and essentially have the wealthiest folks in the society very good runs on the economy at this at this stage in the economic game both courses are unsustainable one of the things that this legislation does is essentially guarantees that there will not be any more stimulus spending so in the short term there's going to be huge effects were of course dealing with a country the united states that has abysmal unemployment rate levels at nine point two percent the g.d.p. has barely been growing one point three percent over the last quarter the housing

crisis is still a. and in the long term this legislation does nothing to assure world markets that the united states is on a sustainable fiscal path as i said earlier does kick the can down the road and so world markets are standing by they don't know exactly where the united states will cut taxes will be increased whether revenue will come in and so the ratings agencies have also sort of remained on this we did see this come out and say that essentially the triple a rating will not be threatened or the united states of course which was not the one that breton's a downgrade at any point in this crisis we're still waiting to see where standard and poor's stands on this they want to see cuts of about four trillion dollars the deal only promises about half that amount and moody's has still been silent so a lot of questions and of course the biggest the biggest losers in this whole deal are the american people who are simply struggling to get along to survive and what has been one of the most catastrophic recessions this country has seen in a long long time. it's not sure where his financial analyst with

international strategic consultants joining us live there in new york thanks very much indeed for being with us the u.s. is now really avoided default but is this really a. cure for all the financial ills of the u.s. and the wider world. it certainly is not it does not address the underlying macroeconomic problems that the u.s. faces there's an urgent need for resumption of economic growth a creation of wealth and particularly revenue generating jobs among the broad consumer component of the population in the united states seventy percent of the overall economy is due to the consumer element so unless the united states increases government revenues or drastically slash car. this problem will come back with a vengeance certainly the bill that was signed today puts off any further discussion

about additional cuts that would go to four trillion as you mentioned for standard and poor's demands until after the elections for two thousand and thirteen for the next president or the second term about obama administration to deal with so that's an easy route however in the interim if the economy did chariots further if the markets react adversely if the dollar slides oil prices are unstable then you may see one of the three rating agencies chop a slight notch into the aaa bond certification that the u.s. treasury presently holes and that would send things that will spiral yet again. said that when congress comes back from recess he really does want to address the financial climate indeed who knows what's going to happen between now and then you cite quite a few potential problems there occurring but nevertheless if he wants to address these these problems what we've already seen now is the fact that the parties aren't that good at working together and with his leadership is he be able to get

to be able to get some sort of sense and come together to get some sort of idea to get america out of debt and indeed face these current problems you've been talking about. well i think there's been so much damage to the interpersonal relationships between the democratic and republican leadership both at the executive branch working with congress and also within congress that it's going to be hard to get one unified front with an entirely new leadership so probably we're going to see a sort of grand day it's some stitching and the covering of the underlying wound however that will by no means be sufficient as the united states struggles with the need to increase revenue against costs if you have this type of plan for massive cuts in federal spending it has an indelible impact on the economy itself for instance in the pentagon which is one of the largest employers in the united states

so there comes a point where the cuts actually will have a significant impact in furthering recessionary trends on the other hand if wealth isn't generated then the tax base shrinks further reducing government revenues those are the fundamental issues that will face the united states in the next three or four years and one of those fundamental issues facing the american people our correspondents and a little earlier that this deal actually results with the american people being the biggest losers out of all of this what would you agree. well for the time being yeltsin of course the american people will demand results and not only legislative action another issue that's going to crop up as early as this fall is the default of the states traditionally the us federal government has infused a very significant subsidies to maintain the budgetary stability of many of the major states in the in the union but you now see california going out looking for private financing for four hundred excuse me for five hundred forty eight billion

dollars and you see massachusetts looking for eight hundred thirty five million dollars in short term debt financing the problem at the municipal unisa paul and state level now is going to emerge this fall and that's going to place even greater stress on the budgetary status of the u.s. government because the perception of an economy can have a major impact here isn't it what about these ratings agencies fitch for example and so far up held its aaa school for the u.s. but it's actually s. increased on the poor but the u.s. is really going to be worried about is maybe is being threatening a downgrade for months now but what about these predictions these these gratings i mean how could that affect the economy both not just in the u.s. itself but also know why don't the world. well certainly a downgrade even a slight notch by either moody's or standard and poor's would send the dollar down it would stabilize commodity prices and it would further confirm the general sense

globally. has felt that the overall perception of the u.s. as an economic superpower able to manage its fiscal house has been severely undermined but even if there is no downgrade in the ratings status the overall inability of the u.s. political leadership to mount a united front and head on address these issues has said clearly damage u.s. economic credibility and currency policy in asia and in europe certainly japan hailed the agreement that was signed today but china was rather muted and russia has been openly critical of europe's is it a very good position because of its very large gold reserves both in private hands of those of the central banks and even though the euro was beset by its own new euro zone economic problems there will be only one place for china and russia to turn in terms of restabilizing the distribution of their currency holdings and that will be to the euro and if that occurs the dollar will be the loser talk to roger

what financial analyst with the international situation consulting firm joining us live there in new york thank you for your time and your thoughts. a fresh outbreak of violence brings more death to syria as government forces for again on antigovernment protesters the u.n. security council has resumed discussions on the situation in the country amid reports of about one hundred being killed on sunday russia warns that any measures against syria must be restricted to solving a not aggravating the conflict but he's going to put no reason you will force. we do know that the u.s. and its european countries are pushing for some fierce fierce resolution potentially maybe sanctions against syria to stop the violence that's taking place there we do know that sanctions will not be supported by russia and possibly many other countries their security council the russian foreign ministry has said that same sions that option sanctions are absolutely off the table russia's position is

that that would just add more pressure to an already very sensitive and vulnerable situation that's taking place in syria we did hear that brazil's ambassador said that the country which possibly consider. over is supporting a presidential statement by the security council that would would talk about or oppose any kind of ongoing violence but where the security council is divided on is where they've been placed the condemnation russia china and other countries are very concerned about not condemning one side or the other not taking sides not exacerbating this problem there are many countries that are part of the security council and they do not want to see a repeat of what took place when the resolution of for a campaign against libya for a no fly zone over libya was adopted and implemented and many countries including

russia believe but it was actually used lawfully and has been used unlawfully and so many countries do not want to see a repeat of what is taking place in libya but there may be may be an agreement on a text for a presidential statement that would call for all the violence to end we just have to wait and see if all fifteen countries will agree on what they can say. we're in a port not opening a little earlier the troubles in syria show no sign of letting up as western powers consider exerting even more economic pressure on damascus james denselow he's a writer on middle east politics has told me earlier that president assad's continuing crackdown on protesters during the holy month of ramadan is no coincidence in syria any really effective opposition is external in terms of organizing internally there is a huge public protesting opposition that don't want a sad but we don't know exactly what they do want because there's no real political space for them to operate in now one of the reasons why it's sad is attacked hammer

on the start of ramadan is because he's afraid that ramadan provides a bigger political space within the organizational structures and not in this particular time of year where his regime to be a challenge that he's clearly worried by that is taking steps against what the syrian opposition would hope is that the regime doesn't bring down the state with it that it chooses the path of mubarak and going to lead to some degree of. moving off into the political wilderness and allows for a technocratic government to essentially implement the democratic reforms that have been promised over the last five months in the three asaad speeches that he's made that would of course be a lot more attractive. games don't go there was still ahead this hour on r.t. information vacuum we report on why mainstream media remains none other than the fifty thousand israeli model social change. that brings a whole new meaning to overtaking the time vs the mercedes but that's all about later in the program. but first an expert independent panel says

they're adults about the objectivity of poland's investigation into the plane crash that killed president lech kaczynski along with much of the country's political elite water agree that pilot error caused the tragedy in russia last year but differences remain between its findings and those of the moscow based interstate aviation committee has the details. in general it's clear that the conclusions mean earlier by the polish side and those made by the interstate eighty sion committee here in moscow are similar in the sense that it were the actions of the pilots which caused catastrophe but after the media conference held here in moscow by the interstate eighty sion committee it also it's also clear that their approach to detail is a difference first of all the interstate committee says that the pilots ignored the warnings from the air traffic controller and decided to attempt to land the plane

anyway despite the weather conditions it is a fact about the hand off the air force was present in the cockpit at the time when they were trying to land the plane and the interstate committee says that that alone can be viewed as direct psychological pressure whilst the polish side says the head of the air force was simply standing there monitoring the situation i was able to personally speak with the chief technical expert off the interstate aviation comedian here's what he had to say on this is the presence of the commander in chief of the portrayal forces who are treated as a poor family who. i mean c'mon that was a coup and if like that. anthony was a cook with. caesar several times before who was. going to say the. actions of the pilot not flying so we. investigation

you know we can see those used to be psychological so i can push up. another issue very important here is that you polish committee concluded that the airstrip itself was not ready to receive the plane on the well according to the interstate aviation committee that airstrip is certified to see planes and even though there were minor defects the soul we could not have possibly a word to the plane crash the interesting committee has also got be or an independent international body while the investigation conducted by paul and was being done by the committee questioning its objectivity. but as you can reporting there and in his rotella view central square has been turned into tent city crowds of protesters have expressed their discontent with soaring prices and plummeting salaries but is. reports their peaceful demonstrations often go

unnoticed by their government and by the world's mainstream media. tens of thousands on the streets of israel angry 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. very positive. well into week three the largest demonstration in israel in over a decade and how did a.t.c. c.b.s. and n.b.c. cover it they didn't a young a woman set up a tent lobby editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting. in the studios ok there's a protest well what exactly is the protest the social protest for the revolution

it's not the same kind of story that they used and it's not as big and dramatic as some of the bigger revolutions happening around the middle east and i mean it is rough 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 israeli palestinian conflict or so it israeli lebanese and syrian conflict and anything that doesn't kind of thread into the. type of of news item which is unfortunate mistreats has been done to your corner by some of the people here and optimism perhaps that they too to bring down the government in the way the neighbors in toughest square rode the bus was the climbers they were willing nonstop here they were pretty absent that just makes hundred wayas 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 feel sad that when egypt decided to stand up and

say we've had enough and where eleven and 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 without foreign media the very few people around the world will even hear what protesters here are shouting it's a must opportunity as a crucial time just weeks before kind of stimulus plan to announce their very own state policy r.t. tel aviv. nato has sent more troops into kosovo after a week of conflict between ethnic albanians and serbs tensions were raised not sweet when cars when police seize two crossing checkpoints to force a ban on imports from serbia were recently good scheme he's a serbian canadian film director has told me that he thinks that whatever the sides may gree it will just be serbia making concessions there sending five hundred fifty

more german troops and one hundred fifty more austrian troops. they would not be sending troops into kosovo or if they didn't estimate that the situation could explode into a larger conflict and considering that the international community has an interest in solving the so-called north cost of the issue it would not be unreasonable to suggest that they are trying to sort of fix this issue as fast as possible and i strongly believe that if force is necessary to do what they have planned that they will use that this is a question of violence of course is not helping belgrade because. the people of serbia. see this as a provocation and it is making their sentiment against reaching compromise. not very favorable for tried her side so i think this is not definitely helping anybody whatever the both sides are urged to negotiate it is mostly for the reason to get the serbs to accept something rarely are albanians asked to make concessions the

serbian serbia has already made many possessions of the so-called republican posts or they recognize their documents their i.d.'s their license plates so i think calling for the albanians the negotiations is another call for serbs to accept more things that are just leading to serbia recognizing kosovo. other way check out our teeth dot com that saw the website for plenty more stories and eye catching videos you can watch the news you want twenty four hours a day here's a taste of what's online if you right now should you click on a terror suspect confesses to making the bomb that injured a five year old girl in eastern russia a homemade devices wrapped in the gift box and left in a kindergarten for terrorists. on the web site of the moment allegedly russian military helicopters coming back to the front line in afghanistan but this time it's good to see the usa get all the details at aussie dot com. before the business news with marina here's

a story for you concerning heavy traffic and chaotic parking what of course is a daily headache and there's about every major city of the world people unable to find a parking space would often just leave their cars in any available spot near the pavement or a bus stop for the mayor of lithuania's capital vilnius has decided that the ticket isn't enough and he can see how he employed simple yet highly effective means to solve the problem the owner of this will say these parts on a bicycle lane just because of the color comes off in a scuffle with the. video was published by the mayor's office is a reminder to those who violate traffic and parking rules and can only imagine the explosives being offered by its owner who we were told that the moment he will be talking there again. where he can enter the car anymore. well in about five minutes from now or to use a very own wall street insider assesses the shady world of finance is

a report for you before that though let's get the latest now from the world of business week marine. hello and welcome to business here on artsy now a new legal specialist appointed in each of russian's eight federal districts to help improve the investment climate the position of the so-called investment is the brainchild of president medvedev and their role will be to break down of ministers of barriers and be a point of contact for investors with the seinfeld governments. the onus taking gas from the courts to get a lower price for russian gas the company argues spot prices are up to fifty dollars cheaper per thousand cubic meters from the current long term contract it has with gas from our systems and the local one has all the details for us. gazprom

says it already requires the gas price for eat all last year at that time perswaded gas prone to sell a part of its gas at a price linked to support prices which will lower the gas pumps contracts now eon is asking for further reductions the company's suffering had a lawsuit due to the gap between gas prices bribes and that's only european markets which third of all the gazprom wants to stick its long term contracts which it says provide security for customers at only a small premium price is the truth have lost it for more than a year now without success so now you're mistaking the matter to an arbitration court lawyers be spoken to suggest it is it would be in the courts power to infer tried gazprom to decrease what it charges but it would need a contractual reason to find in favor. staying with the story on a less claim russia's gas not only is in a difficult position as

a start with some loser profits or market share. it on an hour the chairman problem is the demand for more things actually especially they will go to surprise their conflict on the one hundred percent of support and least i think that's the key risk actually from gas price was a nice profit from the other hand many criticism is from the european partners because they think it gets from doesn't fall the kind of flexible strategy with european partners there will those market share so now their balance between the losing market share and lose in the profits. oh let's take a look at the markets now in the e.u. us stocks are down and this investors are still cautious about the prospects of a recovery and that's called gold would have reports that any spending declined in june for the first time in almost two years. and in europe stock markets closed in the red with banks leading the declines the footsie ended the day almost

one percent down of all the dax lost over its intercepts. and it was a similar picture here in moscow both in the seas and of the trading session in negative territory the artsy as strong almost one percent for the mindsets last point seven percent it's just like a look at some individual movers on the my sex i don't do an banking stocks will weigh in on the indices gasp rome was down point seven percent while the tsunami lost almost one percent in all russia's air carrier air force was holding its ground supported by positive results the company has almost doubled its that profit then the first half of the year reaching two hundred forty three million dollars alexander prefer to throw out radisson its capital wraps up the day's fate for us. there again we are all hostages so for us nor. european the problems the we will have one percent lower. actually the day or consumer sprained

in will spread bread in spades abroad surprisingly didn't move markets for a little maybe the main thing is that the s. and p. m. go join so i reckon i'll see if you're going to be real resistance levels and to broker this levels we have to have some efforts applied. and that's all the systems find out the headlines are next the bell.

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