market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune into cars a report on our. mission of free cretaceous free in-store charge of free arrangement free risk free stooge and free. download free blow against cloning video for your media projects and free media don carty dot com. in india oldies available it is the move to join the hotel rooms the violence the gateway hoto the branding period trying to tell us to. let her tell

her to say don't need to go and. read this in the kennel was her job as a retreat. the u.s. swallow self-made bitter pill to avert the devastating default but experts say there's little hope for a recovery in the long term. moscow warns against calls at the u.n. to target the syrian regime urging for action to push toward size towards dialogue to at the escalating violence in the country all this comes as a dozen small protesters were reportedly killed all the tuesday. and a six months after being toppled a former egyptian leader hosni mubarak is a 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 you're watching r t thanks for joining us now our top story the u.s. narrowly misses a potential default signing into law and emergency budget deal that leaves both the size of the months long political debate disappointed well 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 artie's your shop of olive oil has been investigating why washington is reluctant to take its own advice congress has now approved a compromise to reduce the deficit and avert a default there would have devastated our economy. the u.s. just had to swallow the bitter pill but many still doubt it will help the patient's recovery but winsted proved 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 debt 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 new liberal economic theories but can americans take that advice now to deal with our own economic crisis. live within your means the same advice they gave us without knowing our economic and social realities as we. headed to russia central bank and they needed posts of that period the year he took up the job in one thousand nine hundred ninety two some of the worst for figure inflation in russia history the us is sad came to an end as the communist economy was in collapse but

there was nothing to replace it and move turn market economy. so the situation was disastrous for it did it was over one hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means new. people to reformists of the damned government remember how america's advice so-called shock therapy was applied the markets might have called the therapy but the people got the shock and to shelves and mass poverty. as one politician said to me from a market to a communist economy is easy it's like trying to turn your query into fish soup but to do the opposite is much harder it's like trying to revive the dead fish. it took modern russia a decade to revive its a clarion and return to economic growth transforming the country's fortunes after the disaster the one thousand ninety's in which american experts played a key role it destruction had been there

a move the visiting shock therapy is 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 for post soviet russia will be fit for america. or girls aloud to 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're 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 they're not going to you know what's a reputation a reputation is by what you delivered in ited states can't deliver the united states can't deliver on its wars that loses wars where there are iraq afghanistan the war on drugs war with libya they're losers the government did everything that

they touch 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 bailouts too big to fail everything they do they turn to failure why would any thinking adult look at the republicans and the democrats the inept and the incompetence to come up with a program that's going to salvage the nation 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's started and the old ones that he keeps going. a financial analyst dr roger where says the emergency plan will soon fail to deliver a positive results. there's an urgent need for resumption of economic growth the

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 slash costs. 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 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 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 and the fringe of allies will not live at the mercy of an outlaw regime that threatens the peace with weapons of mass murder his regime as an active program to acquire and develop nuclear weapons and let there be no doubt about it we know for a fact that there are one hundred million dollars to ponder continuing certainly have not yet failed shiny pointy 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 the turbo international security situation but i think it's perilous so they're attacking the patriotism the body. 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 well pressure is also mounting at the u.n. security council to take action that could help stop the violence but a second round of close talks in new york through a fruitless stop to say with a member saw able to reach consensus russia which has a permanent seat on the council says its western partners are targeting president bashar al assad's regime a moscow wants a more balanced approach that will push the warring sides in syria towards a 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 . the people who pushed the 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 for that we've got a lot of examples of state collapse in the middle east nowhere but it's look to the east and west of syria itself in lebanon stay collapses led to a very weakened sectarian a tense government that constantly collapses injuries and is unable to really address the political challenges of the day much the same thing exists to the east in iraq which of course is a lot larger as a country and has huge supplies of oil but once again the central government is characterized by sectarian patronage in the ministries. towards issues that affect the people in the country so i don't mean is a real good prospect of what happened if they collapse because these are very samples in the past what the syrian opposition would hope for is that the regime the regime doesn't bring down the state with it so that it chooses the path that mubarak and ben ali took to some degree of. moving off into the political wilderness and allows for the government to essentially implement 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 for them the u.n. mandate to protect civilians in libya has come under fire for the way it's being implemented while some countries feel the nato led coalition is using it to try and topple colonel gadhafi political analyst michael scheuer thinks going down the same path in syria could in golf the entire region in war. the people who are actually committing crimes against humanity is the nato us military alliance we see it didn't in libya it was absolutely no justification for the intervention in libya. this arrest should which which took place in eastern. libya and there's even less of a justification for an intervention in syria is a very important country and if there's military intervention in syria then we are in for an extended war which goes from the mediterranean right to the chinese border because then you have integration of the of the war theater is not going to

split on iraq of course palestine lebanon all along and so we're in for a much larger war let's understand that any kind of military intervention in syria at this stage using the pretext of a protest movement all responsibility to protect devastated votes at once is going to lead to a military escalation of a vast area and still ahead of the program for you alarm bells go off in the balkans nato upsets process along the north border between kossovo and serbia to keep a close watch on rising ethnic tensions. now said egyptian president hosni mubarak is due to appear in court later on wednesday charged with the killing of protesters during the february op rising as well as corruption well 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 artie's acts on a boy has been following events for us. the trial of the former egyptian president hosni mubarak hasn't even begun yet but it's already associated with plenty of tribulations for the transitional military council which took over the country ever since mobarak stepped down back in february the decision of whether to put him on trial was essentially a choice between the bad and the worse and still unclear which one is which if the board is indeed forced to defend his actions in the courtroom his testimony could potentially shed some light on some shady financial deals and compromising political alliances in the lone behold some of these for must to see including people who are running the country nowadays may also be implicated but if he's trial is postponed

a whole tick for one reason or another which is widely expected here in cairo this could all soon lead to a massive explosion of public fury that would sweep away not only the current number trickling but also those few remnants of the ability that one could also observe in egypt these days now for these reasons the generals who are running the country nowadays with really prefer time to take its course and according to the latest your reports the reportedly people how so big it is we're old mubarak is quite conducive to these sort of scenario for the last few months he's been in the hospital reportedly being treated for her and condition so she is close to him also saying that he's suffering from a major figure for depression refusing to. take solid foods but the prevailing view here in congress especially among the testers is that all these reports of poor health are nothing more birth siac tricks aimed at responding to

trial and to driving on the promised reforms reporting from cairo on the boycott artfully. well while egyptians are happy to see hosni mubarak finally face trial many feel that the changes brought by the revolution have been slow to bear fruit on employment is at an all time high and millions are struggling to make ends meet parties but if an ocean of 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 means liberation well the revolution of january put this part of the globe on the map but apart from that what alstott is bringing the people of egypt. this man has been running his own business 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 ear between the economic divide station caused by and rest

and political uncertainty muhammad's enterprise has been badly in fact it now he can barely a food to feed his children he says the wind of change may have brought freedom to egypt but it's brought a survival storm in its wake. about. you know i love the revolution when it happened i welcomed it that looked at the time like a light at the end of the tunnel where you 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 your 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 but five months on there is little satisfaction and dictator free egypt is far from the best place to live in a free of the people. and. the people now going about mubarak as too much of them that there is to be a better solution and this in fact is a very sad that is our 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 what he says sounds a lot like south conviction that you've got on the other side 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 now but we do need to wait for

a little longer. recently need demonstrations in the square show that this toy system has been pushed to the limit and it's protests versus patience and the battle to save egypt from crumbling further. narration option r t cairo. and don't forget there's. any war stories and original content awaiting for you online just go to our website for more details news updates and videos including georgia is reportedly considering it 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. at all so long live a u.f.o. fans are jumping for joy after

a swedish explorer spotted an extraterrestrial object lurking at the bottom of the baltic sea. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day. plus time closer to losing the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time our team goes to the army we're reaching. for the gold rush still gets people like joe. learning to try like to save its culture. where grades are protected in the first

and only the facial nature reserve. to the region. or should close up. brighton if you knew me from feeling stupid. stunts on t.v. dot com. welcome back nato has sent additional troops to casa voce north border with serbia after an escalation of violence belgrade calls for a peaceful resolution well the reinforcement will bolster alliance forces already

patrolling the area one officer was killed in clashes between cos of o. special forces and ethnic serbs went up 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 and bargo what cos of a good place since the lateral declaration of independence in two thousand and eight but is well 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 kosovo 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 they will use it this escalation 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 very favorable tried her side so i think this is not definitely helping anybody whatever both sides are urged to negotiate it is mostly for the reason to get the serbs to accept something rarely are albanians out to make concessions to serbia and serbia has already made many of concessions to the so-called republic of course 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 news from around the world at least thirty four people have been killed and dozens injured in two days of clashes and 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 all the city has a long history of ethnic religious and sectarian violence among the city's main political parties. pro get off the forces have launched a counter attack again. struggles near the libyan a western city of killing at least seven people taking control of the dawn is a key step for rebels who plan to advance from there to the capital tripoli gadhafi son saif al islam says 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 are given the government the go ahead to start talks with the u.s. that would keep their troops in the country on a training 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 eight agreement the move comes days after the u.s. special inspector for iraq reconstruction warned that the region was less safe than a year ago and that security was deteriorating last month attacks left over two hundred fifty people dead. colombian authorities have captured two suspected leaders of a cocaine operation involving the transfer of twenty eight tons of drugs per year to the united states via submarines well police say the arrests was the conclusion of a six year investigation into the drug ring the men that were apprehended after the

u.s. coast guard announced the capture of a submarine off the coast carrying seven and a half tons of cocaine the hall 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 in with the business desk with kareena. good morning and welcome to our business update this russian mobile phone retailer last year's noise to list on the london stock exchange in two thousand and twelve the company 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 neuer has reported a twenty six percent growth profit for the first half of this year ahead of the company told us the reasons for the london listing. were trying to prepare

ourselves for the possibility of an i.p.o. next year we're looking at two windows one is maple the other one is october i.p.o. is not the only way to raise funds obviously there is private placements there's also a possibility to get rather than equity financing so once again we're looking at i.p.o. was one of the alternatives to which you respond the reason why we actually need to raise funds is primarily for the other projects within the group the shareholder of this is noir who also has other projects like snow bank that it's looking after and those are the projects that need the funding the russian ruble is heavily on devalued at 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 bargain optics . mcdonald's is everywhere from guadalupe to the fiji islands and the big man is identical if you go 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 to sell this burger to someone in the u.s. about thirty percent or more in the transaction. means that the ruble is slightly undervalued of course localization of production varying disposable incomes all way you know the difference in price but what the index does give people is false food for for it's interesting really india top of the list for the cheapest big market even though it technically isn't a big mac but a maharajah made of a chicken. now it's had a look at the markets oil is declining for a fourth day and as long as losing streak since may investors bet that signs of a slowing u.s. economy may fall to fuel demand in the world's biggest consumer of crude now gold is floating around the waterline after rallying further into record territory during asian session on wednesday the yellow metal safe haven of appeal pulled

investors amid a steep fall across major eight stock indexes silver is extending tuesday's gains and is adding one percent to start. in asia as for heavily across the board the nikkei stock averages had a one point nine percent so it's kind sign of steel companies are especially hard hit amid worries about global demand japan's j f e holdings dollar over three percent resource sector says are also on the selling pressure mining john b. if people it's a lose lose in two point nine percent here in moscow the markets will stop trading at around two hours time both the mindsets and the odds he has lost over half a percent on tuesday with energy mages among the major losers. i should equities have been falling since a brief rally on news of the u.s. debt ceiling increase at the beginning of the week at xander at the nation's capital believes any new moves will hinge on comments from the ratings agencies about washington's budget plans. possibile was the vessel so we'll be looking for

the reaction from the rating agencies on the seating plan and the budget spending got the plan from the u.s. lawmakers their reaction should be quite fast because everybody is expecting this. it's the job of the rating agencies to judge on board specific what's negative on this front. also this that the stakes on the u.s. oil spoil and the oil products stockpiles will be are we important because we had seven weeks in a row of in the rebuilt bore three in the well around products. in forty five minutes from our hand at.