the u.s. swallow self-made bitter pill to avert the devastated default but experts say there is little hope for efficient economic recovery in the long term. moscow warns against calls that the you plan to target the syrian regime version for action to push toward size towards dialogue to be escalated violence in the country well this comes as dozens more protesters were reportedly killed on the tuesday. and a six months after being toppled a former egyptian leader hosni mubarak is finally set to go watch trial but to the

revolution the promise to bring change to the country some now feel has only made things worse. eight am here in the russian capital if you're watching r.t. thanks for joining us now our top story the u.s. narrowly misses a potential default signing into law in an emergency budget deal that leaves and both sides of the months long political debate disappointed while the country that once advised russia during its worst economic crisis now struggles to answer the serious questions hanging over it so if a national future. of all of our has been investigating why washington is reluctant to take its own advice congress says no approved a compromise to reduce the deficit and avert a default the would have devastated farrakhan. the u.s.

just had to swallow the bitter pill but many still doubt it will help the patient's recovery it will instead prove to be a poison chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high no recovery is taking place and are we on a suicide mission we may be gesturing you know the kind of deal with there at the same time make it impossible for the government to play any role to save the economy in the economy is going down rapidly. at some point shortly after the collapse of the soviet union russia became an american laboratory for near liberal economic theories but can americans take that own advice now to deal with our own economic crisis we live within your means the same advice they gave was with our economic and social realities. headed to russia central bank

and that needed post so that the period a year he took of the job in one thousand nine hundred ninety saw the worst four figure inflation in russia history the use of came to an end as the communist economy wasn't collapse but there was nothing to replace it and move turn market economy. so this issue asian was disastrous for it did was over a hundred billion dollars in gold in foreign currency reserves was in fifteen million which effectively means needle. pivotal reformists of the band government remember how on america's advice so-called shock therapy was applied the markets might have called the therapy but the people got the shock and to shout and mass poverty. as one politician said to me from the markets to a communist economy is easy it's like trying to turn your query into fish soup which do the opposite is much harder it's like trying to revive the dead fish. it

took modern russia a decade to revive its aquarium and return to economic growth transforming become trees fortunes after the disaster the one nine hundred ninety s. in which american adverts played a key role in destruction had been the aim of the visiting child therapists they could hardly have done a better job but with the us now the patient in dire need of economic century will soon see if the medicine they thought was good enough or post soviet russia fish farm erica you know. older all celebs are from the trends research institute told r.t. that despite the last minute debt deal the us is doomed for another great depression . the american economy as well as much of the global economy is heading into the greatest depression anything everything that they've doing is not going to salvage it the great depression is underway and all they're doing is trying to make it look as though they have a plan to stave it off you're not going to you know what's a reputation

a reputation is by what you delivered in i did states can't deliver the united states can't deliver on its wars that loses wars with iraq afghanistan the war on drugs the war with libya they're losers the government did everything that they touch and look at all the trillions of dollars the tens of trillions that have been pumped into the system since the panic of zero eight struck by the federal reserve by d.c. with the stimulus pail out too big to fail everything they do they turn to failure why would any thinking it's dulled look at the republicans and the democrats next and the incompetence to come up with a program that's going to salvage the nation and investors having confidence looking to the same people that caused the problem to resolve it that's called insanity the business of america when i used to be a young man it used to be business now the business of america is war and you can see by the new ones that obama started and the old ones that he keeps going. a

financial analyst or where says the emergency plan will soon fail to deliver a positive results. there's an urgent need for resumption of economic growth 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 of drastically slightest. this problem will come back with a vengeance if you have this type of plan for massive cuts in federal spending it has an indelible impact on the economy itself before it is 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 the american people will

demand results and not only legislative action and later on we'll look at the american campaign in iraq and discover whether its military action was used for the right reasons artie's a special report in just over an hour's time. the people of the united states who know friends and allies will not live at the mercy of an outlaw regime that threatens the peace with weapons on his regime is an active program to acquire and develop nuclear weapons and let there be no doubt about it we know for a fact there are six hundred million dollars to ponder continuing certainly have not yet felt shy need forty things that i would call a weapon. patriotism is the last refuge of scoundrels and i think these are scoundrels they have no argument now they have no defense for what they did the country is in a terrible international security situation and i think it's terrible so they're

attacking the patriotism of others. of the crackdown on protesters in syria is picking up pace with reports government forces have regime storming the opposition stronghold of hama now around one hundred forty people are said to have been killed over the past few days and the country pressures also mounting at the u.s. security council to take action that could help stop the violence but a second round of close talks in new york through the fruitless talks to say with members i'm able to reach consensus rochelle which has a permanent seat on the council says its western partners are targeting president bashar al assad's regime hostile wants a more balanced approach that will push the warring sides in syria towards the dialogue middle east expert james downslope told r.t. targeting damascus for regime change as nato did with libya could devastate the syrian state. the russians and the chinese feel that they were betrayed by the west

and the people who pushed the security council resolution one hundred seventy three they thought it was about humanitarian protection it turned out to be about regime change they didn't sign up so that we've got a lot of examples of state collapse in. middle east nowhere but it's looked into the east and west of syria itself and lebanon stay collapses lead to a very weak sectarian a tense government that constantly collapses in three and is unable to really address the political challenges of the day much of the same things is at least in iraq which of course is a lot larger as a country has huge supplies of oil but once again the central government is characterized by sectarian patronage in the ministries it's going towards issues that affect the people in the country so i didn't is a real good prospect of what happened if they collapse because he's read samples in the past what the syrian opposition would hope for is that the regime regime doesn't bring down the state with it that it chooses the power of the mubarak and ben a lead to some degree of exile organum moving off into the political wilderness and

allows for the government to essentially implement the democratic reforms that have been promised over the last five months in the three speeches that he's made of course be a lot more attractive and. the u.n. mandate to protect civilians in libya has come under fire for the way it's being implemented also feel the nato led coalition is using it to try and topple colonel gadhafi political analyst michael scheuer saddam ski thinks going down the same path in syria could gulf the entire region in war. the people who are actually committing crimes against humanity is the nato us military alliance received and in libya there was absolutely no justification for the intervention in libya. you know this reaction which which took place in eastern and eastern libya and there's even less of a justification for the intervention in syria is

a very important country and if there's military intervention in syria then we are in for a public standard war which goes from the mediterranean right to look the chinese border because then you have integration of the all theaters in afghanistan and iraq of course palestine lebanon on and so we're in for a much larger war let's understand any kind of military intervention in syria at this stage using the pretext of a clue just movement or responsibility to protect we can devastate the polls or where this is a lead to a military escalation of a vast area as head of the program for you alarm bells go off in the balkans nato off's its presence along the north border between kossovo and serbia to keep a close watch on rising ethnic tensions. now ousted egyptian president hosni mubarak is due to appear in court later on

wednesday charged with the killing of protesters during the february are prizing as well as corruption at all the trial is set to be broadcast live from cairo where the leader will be tried along with his two sons and senior aides the charge against him carries a possible death sentence if he's found guilty of premeditated killings are broken has been following events for us. the trial of the former egyptian president hosni mubarak hasn't it would be gone yet but it's all gravy it's so sweet it's plenty of tribulations for the transitional military council which took over the country ever since no parts that down back in february the decision of whether to continue on trial was essentially choice between the bad and the worst and still unclear which one is which if the board is indeed forced to do that and his actions in the courtroom his testimony could potentially ship some water on some shady financial deals and compromising political alliances in motion because some of his former us

to see including people who are running the country nowadays may also be implicated but if he's trial is postponed a whole team will one reason or another which is widely expected here in cairo this could all soon we see a massive explosion of public fury that would sweep or worry not only the current military quick but also those few remnants of the military that one could also observe in egypt these days now for these reasons the generals who are running the country nowadays with really pretty time they need to take its course and according to the latest eager reports the reportedly people how so big it is three year old mubarak is quite conducive to these sort of scenario for the last few months he's been held in a hospital reportedly being treated for horns conditions such as close to him also saying that he's suffering from

a major figure for depression refusing to. take solace foods but the prevailing view here in congress especially when the protesters is that all this reports of more help they are nothing more see ya tricks aimed at just putting to trial and to driving on the promised reforms reporting from cairo on the boycott artfully. oh all egyptians are happy to see hosni mubarak finally face trial and many feel that the changes brought by the revolution have been slow to bear fruit unemployment is at an all time high and millions are struggling to make ends meet artie's but if a national reports now from egypt this quaint cairo is now one of the most famous in the world many around the globe even those with little knowledge of arabic know its name perfectly means liberation well the revolution of january put this part of the globe on the map but apart from that what else that is really the people of

egypt. this man has been running his own prisoners for thirty five years it used to bring him enough money to send his son to study to canada and take his large family abroad once a year but with the economic devastation caused by and rastan the political uncertainty mohammad's enterprise has been badly in fact it now he can barely afford to feed his children he says the wind of change may have brought freedom to egypt and its grant and survival strong in its wake. you know i love the revolution when it happened i welcomed it that looked at the time with a light at the end of the tunnel we see it's not getting better we have nothing to eat just don't tell me about democracy for hungry people it just doesn't matter. the plight of poverty fuel the revolution yet growth has dropped from five to just one percent some thirteen million people live below the breadline unemployment has

hit twelve percent. egypt's revolution was regarded as the most successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships former president mubarak will face justice within days charges of corruption and sanctioning killing which carries the death penalty five months on there is legal there is faction and dictator free egypt is far from the best place to live and the. very. very heartless people now walking about as much. about him and this is a very sad result people are indeed tired even those who back the changes this young man is from the revolution youth caliche and he tries to remain optimistic but all he says sounds

a lot like south conviction that he and i say we've been living under mubarak for many many years too many i'd see but it's great what we did but we do need to be more patient and this is difficult we have a lot of problems right back but we do need to wait for a little longer. to recentre new demonstrations in the three square show that there's thai system has been pushed to the limit and it's protests versus patience and the battle to save egypt from crandon for there. were a financial r.t. cairo. and don't forget their supply. any war stories and original content awaiting for you online just go to our website r g dot com for more details news updates and videos including georgia is reportedly considering legalizing marijuana for foreigners in a bid to attract more tourists to the country. and in other news the mayor of the lithuanian capital stands up for a cyclist by driving an armored vehicle military vehicle over

a luxury car to teach his citizens a lesson in proper parking. and also online a u.f.o. fans are jumping for joy after a swedish explorer spotted an extraterrestrial all just lurking at the bottom of the baltic sea. good morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to hope for asian to rule today. plans to close a jeanne moos in the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time largely goes to the army or

region. for the cold war still gets people like joe the plumber learning to drive like to save its culture money where graves are protected in the first and only unofficial nature reserve. to the ranger. bush a close up on our. the. issue would be soon which grayson if you remove the son from violence to aggression . needs to start on t.v. don't come.

back nato has sent additional troops to cos of course north border with serbia after an escalation of violence belgrade calls for a peaceful resolution of the reinforcement will bolster alliance forces already patrolling the area one officer was killed in clashes between costs of both special forces and ethnic serbs when a police took control of two disputed border crossings special forces were sent to the border by the costs of a government to enforce a trade ban on serbian imports it was in response to belgrade existing at bargo what cos of a good way since the cost of those unilateral declaration of independence in two thousand and eight but is not a gorski a serbian a canadian a film director says that serbia is under pressure to recognise kossovo. they're sending five hundred fifty more german troops and one hundred fifty more austrian troops. they would not be sending troops into kosovo 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 it this is 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 a compromise. not not very favorable for trying to decide so i think this is not helping anybody whatever the both sides are urged to negotiate it is mostly for the reason to get the serbs there's something rarely or albanians out to make concessions to the serbian serbia has already made many concessions the so-called republican poll so they recognize their documents their i.d.'s their license plates

so i think calling for the albanians to negotiations is another call for serbs to accept more things that are just leading to serbia recognizing kosovo. now let's take a look at some other top players from around the world at least thirty four people have been killed and dozens injured in two days of clashes in the ongoing violence in pakistan city of karachi reports say bodies were found scattered across different parts of the country's largest city some riddled with bullets and showing signs of torture police believe about two hundred people were killed in karachi in july alone where the city has a long history of ethnic religious and sick tarion violence among the city's main political parties. program off the forces have launched a counterattack against rebels near the libyan a western city of sweetheart killing at least seven people taking control of the town is a key step for rebels who plan to advance from there to the capital tripoli gadhafi

son saif al islam says of fighting in libya will continue until the country is quote liberated will be ongoing civil war started over four months ago and has claimed the lives of an estimated two thousand people. iraq's political leaders and give the government the go ahead to start talks with the u.s. that would keep their troops in becan tree on a trading mission and that's beyond this year's withdrawal the issue is politically charged with a senior minister stressing that american forces might still go by the end of this year under a two thousand and eight week we went by the move comes days after the u.s. special inspector for iraq reconstruction warned that the region was less safe than a year ago that security was deteriorating last month attacks left over two hundred fifty people dead. colombian authorities of captured two suspected leaders

of a cocaine operation involving the transfer of twenty tons of drugs per year to the united states via submarines or police say the arrest was the conclusion of a sixty. your investigation into the drug ring the man who were apprehended after the u.s. coast guard about the capture of a submarine off the coast carry seven and a half tons of cocaine the whole had an estimated street value of one hundred eighty million dollars. i'll be back shortly with a recap of the top stories but first let's check it with the business desk with kareena. good morning and welcome to our business update this russian mobile phone retailers use noise to list on the london stock exchange in two thousand and 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 the shares will be sold meanwhile says noise has reported a twenty six percent growth profit for the first half of the year the head of the company told us the reasons that this thing we're trying to prepare ourselves for the possibility of an i.p.o. next year and looking at some windows one is meaningful the other one is october i.p.o. is not the only which responds obviously there is a private placements there is also the possibility to get rather than i could be put in saying so once again we're looking at i.p.o. was one of the alternatives to which your response the reason why we're seeing need to raise funds is primarily for the other projects within the group the shareholder of course is no way you're also has other projects and works there's no debating that it's looking after and those are the projects that need the funding the russian ruble is heavily on to value that least that's the finding of the latest big mac index published by the economist magazine business artie's michael talks into the theory of pro cannot. mcdonald's is everywhere from guadalupe

to the fiji islands and the big mac is identical with everything. this is of course a good indicator of the purchasing power of people around the globe in moscow for instance the big mac cost the equivalent of two dollars seventy which is a real meal deal so to sell this to someone in the u.s. . thirty percent or more in the transaction it means that it's slightly undervalued of course localization of production sharing disposable incomes all the way you know the difference in price what the index does give people is false before it's interesting really india tops the list for the cheapest big market even though it technically isn't a big problem on her raja made up a chicken all around. it's a look at the markets declining for a fourth day and as long as losing streak since may investors bet that size of the

slowing u.s. economy may fall to fuel them out of the world's biggest consumer of crude now gold is floating around the waterline after rallying further into record territory cheering asian session on wednesday yellow metal safe haven at the appeal pulled investors amid a steep fall across major stock indexes silver is extending today's gains and is an important one percent the stock. in asia as for heavily across the board the nikkei stock outrageous twenty one point nine percent so it's hindsight shares of steel companies are stressed to hard hit amid worries about global demand japan's j.s.p. holdings down public three percent resource sector says are also on the selling pressure mining john b. if people it's a lose lose in two thousand i start here in moscow the markets will start trading at around two hours time vulcanized sex and the odds he has lost over half a percent on tuesday with energy majors among the major losers. russian equities have been falling since of grief rally on news of the u.s.

debt ceiling increase at the beginning of the week alexandra kirk these go at renesas capital believes any new moves will hinge on comments from the ratings agencies about washington's budget plans. possibile wears the muscle so we'll be looking for the reaction from the region they didn't see someone with these saw this i didn't plan them that i was just spending plan from the u.s. lawmakers their reaction should be quite fast because everyone is expecting this. it's the job of the rating agencies to judge or what spawns the negative on these front. of this that these tanks on the u.s. soil spoiling the oil products stockpiles will be a really important because we have seven weeks in a row or four in the revealed bore three in the criminal world around which products. mean forty five minutes from our hand out.

the official antibiotic aisha. i pod touch from the i.q. sampson. the calendar month. old comes. on the registry now in the palm of your. column.