in the movie joyce be the chilis the i love you let's begin with the grand imperial . george was the bush girl and look you can a let's go to the clothes machine which says don't need to go and look clear this is because it was her job as a treat. the u.s. swallow self-made bitter pill to a furphy devastated default but experts say there is little hope for efficient economic recovery in the long term. moscow once again is calls up to you whether to target the syrian regime urging for action to push the warring sides towards dialogue to have the escalating violence in the country now this comes as dozens of more protesters were reportedly killed on choosing. just six months after the toppled of former egyptian leader hosni mubarak is finally set to go watch trial for the revolution the promise to bring change to the country something i'll feel

has only made things worse. and in business the russian ruble is heavily undervalued according to the latest big mac index join me for a full business books and more on that writing notes time. just after nine am here in the russian capital you're watching our t.v. thanks for joining us now the u.s. narrowly messes a potential default signing into law an emergency budget deal that leaves both sides of the political debate disappointed or the country that once advised russia during its worst economic crisis now struggles to answer the serious questions hanging over its own a financial future. that you know great show of a 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 that would have devastated our economy the u.s. just had to swallow the bitter pill that many students it will how the patients recovery but will instead prove to be a poisoned chalice our economy is not growing at all in fact unemployment remains very high foreclosures remain very high and 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 or to save the economy any economy is going down rapidly at some point shortly after the collapse of the soviet union russia became an american led war tree for new liberal economic theories but can americans take their own advice now to deal with their own economic crisis. live within your means the same advice they gave was with our

economic and social realities would be to give russian guy how did russia central bank in the immediate post here it the year he took up the job in one thousand nine hundred ninety two so the worst for figure inflation in russia's history the us the sarra tkinter nand of the communist economy was in collapse but there was nothing to replace it with. so this issue asian was disastrous for him did was over a hundred billion dollars in gold in foreign currency reserves was in fifty million which effectively means new. people so reformists of the then government remember how in america's advice so-called shock therapy was applying to the markets might have got the therapy but the people got the shock to shelves and mass poverty as one politician said from a mortgage 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 good fish into cordon russia a decade to revive it's a quarry and and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. in which american acts for its played a key role if this roxanne had been the aim of the visiting folks there appears they could hardly have done a better job but would be us now the patients in dire need of economics surgery will soon see the maps and they thought it was good enough for both saudia brought her for america if they don't approve our t.v. more scale. girl 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're doing is not going to salvage if the great depression is under way 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 deliver it in ited states can't deliver the united states can't deliver on its glories that loses wars whether in iraq afghanistan the war on drugs the new war with libya they are 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 i.d.c. with the stimulus fail out 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 it best it's having confidence and

looking to the same people that caused the problem to resolve it that's called insanity of the business of america when i used to be a young man it used to be business now the business of america is war but you can see by the new ones that obama's started and the old ones that he keeps going and later on to look at the american campaign in iraq and discover whether it's military action was used for the right reasons watch r.t. special report in just over twenty minutes time. the people of the united states and the friends and allies will not live at the mercy of an outlaw regime that threatens the peace with weapons of mass murder his regime is an active program to acquire and develop nuclear weapons and let there be no doubt about we know for a fact there are that there are two hundred million dollars to ponder continuing search have not yet felt shiny portie 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 do the country is in a terrible international security situation that i think is perilous so they're attacking the patriotism of others. by the crackdown on protesters in syria is picking up pace with reports government forces have regime storming the opposition stronghold of hama around one hundred forty people are said to have been killed over the past few days in the country pressures also mounting at the un security council to take action that could help stop the violence but so far the members of the council have been unable to reach consensus russia which has a permanent seat on the council says it's western partners are targeting a president bashar al assad's regime moscow wants a more balanced approach that will push the warring sides in syria towards dialogue

artie's but in a fortnight or reports. the united nations security council wrapped up their second day of consultations surrounding the violence in syria with what many believe is at least a draft text that each member of the security council will now bring back to their respective capitals there is a divide among security council members on where the condemnation lies the u.s. and its western allies believe there should be a direct condemnation against the syrian government and the syrian president for the crackdown against anti-government protesters that have been taking place since mid march yet other countries like russia china india brazil and others will leave that there should be a much more balanced approach that whatever words are used in any text that is put forth by the security council should not exacerbate an already sensitive

circumstance in syria now russia has said in the past that it opposes unbalanced measures such as saying sions that could create an even bigger problem and the russian ambassador to the united nations vitaly churkin has said that resolution dealing with libya he believes was dealt with very frivolously and the security council can't help but keep that in mind when contemplating what the security council can and can not do when it comes to the situation in syria and essence. of the security council is working under the shuttle events surrounding libya when they are approaching the best actions to take when it comes to syria all the members of the security council will continue to go shooting but ambassador churkin did take a moment to speak with the press to elaborate on what discussions have been taking place so far here's a little bit of what he had to say and we're concerned about the well and some of these collusion because we think that these you can see those is the security.

of city. in favor of political edition and in the world russia and many other countries say the same of the tax put forth by the security council when it if it is pretty forth is to change things on the ground in syria to send a strong signal to end the violence and move things forward peacefully the security council will convene again wednesday morning to continue taking on this issue of syria and all the violence that has been going on for more than four months there the u.n. mandate to protect civilians in libya has come under fire for the way it's being implemented all some countries feel the need to let coalition is using it to try and topple colonel gadhafi political analyst michel chossudovsky things going down the same path in syria couldn't go off the entire region in war. the people who are actually committing crimes against humanity is the nato us military alliance we see

it did in libya but it was absolutely no justification for the intervention in libya. you know this reaction which which took place in east and good recently 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 an extended war which goes from the mediterranean right to the chinese border because then you have integration of the war theaters in afghanistan and 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 or responsibility to protect we can devastate the goals of where this is going to lead to a military escalation of

a vast area. and there's plenty more stories ahead for you this hour. the. sooner we go to georgia to check what's behind tbilisi's thirst for glitz and glamour and how president saakashvili plans to want to help the support by turning up the music. alstead egyptian president hosni mubarak is g. to appear in court later on a wednesday charged with the killing of protesters during the february uprising as well as corruption the trial is set to be broadcast live from cairo where the leader will be tried along with his two sons and his senior aides well the charge against him carries a possible death sentence if he's found guilty of premeditated killings archy'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 all gravy associated with plenty of

tribulations for the transitional military council which took over the country ever since most parts that down back uncovering the decision of whether to put him on trial was essentially a choice between the bad and the worst and still unclear which one is which if people are it is indeed forced to defend his actions in the courtroom his testimony could potentially ship some large on some shady financial deals and compromising political alliances in the room because some of this for must to seeds including people who are running the country nowadays may also be implicated but if he's trial he's postponed a whole to one reason or another which is widely expected here in cairo this could also mean to him now since the explosion of public fury that would sweep away not only the current number trickling but also there's a few remnants of stability that one could also observe in egypt be space now for

these reasons the generals for running the country nowadays with really for finding the chip to take its course and according to the latest eagerly towards the reportedly people how so big it is fear old mubarak is quite conducive to the sort of scenario for the last few months he's been talent in a hospital reportedly being treated for horrible conditions sushi is close to him also saying that he's suffering from a major figure to russian refusing to. take solid foods but the prevailing view here in congress especially when the tester says that all this reports of course how there are nothing more where he actually it's aimed at responding to trial and to driving on the promised reforms many written rejections especially people. we're counting out of the top players where back in january and february say they're quite disillusioned with the roots of their travel

lucian biggest loss and nature has become so much harder as my colleague mary if i'm not sure now reports 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 the phrase means liberation well the religion of january put this part of the globe on the map but apart from that what else did it bring 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 one see. it with economic devastation caused by and rastan political uncertainty muhammad's enterprise has been badly affected now he can barely afford to feed his children he says the wind of change may have brought freedom to egypt and it's brought a survival strong in its wake. you know i love the

revolution when it happened i welcome that but look at the time with a light at the end of the tunnel greasy 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 if you are 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. he's far from the best place to live. and we are getting

really hopeless. now about. much of them but there. will be a bit of pollution. and they're very sad because 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 all he says sounds a lot like south conviction that he i must 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 now but we do need to wait for a little longer. recent renewed demonstrations in the square show that this toy season has been pushed to the limit and it's protests versus patience in the battle to save egypt from crumbling through their. grief and optional r t cairo. and still ahead in the program alarm bells go off in the balkans nato upset

surpasses along the north order or between a kossovo and serbia to keep a close watch on a rising ethnic tensions. a grand n.t.v. concert has rocked the republic of georgia and that event some locals are branded a waste of taxpayer money although the economy is struggling and out of form a running rampant georgians are question how their president carved up the cash for such a spectacle as artists are further reports there saakashvili is hoping his approach will strike a positive note with voters. so moving actually roommates targeting the m.t.v. generation the state funded pop concert in her to me is certainly attracted some big names i like so much and u.k. good here's her just that's what. it's a lot of our favorite guests so the first time the president's case lead up to

stars and what many see as a bid to win popularity. the fact smart for special was more the appearance of who knows how peripheral sharp across the system inside the country but if the same time is propaganda for restoring the promise or with the government p.r. conscious president has often used music as a political weapon this song commission the head of the teeth thousand and eight presidential election uses his nickname in the humble title me sure is cool. you know any other normal country where top singers or rock singers are printed of all the president all these high profile publicity stunts they come at a cost per car new i dunno where they got the money to bring such stars to jud you pay for the equipment because government funds come from the money of taxpayers like me and you couldn't you can't take money from such bonds that are bought them

are that was the concert adverts will certainly have gained the country attention in the west beyond beautiful but seemingly huge it's still a country where human rights violations are not uncommon international groups such as human rights watch say that the government was responsible for widespread abuses last year police brutality bans on free assembly and abnormally high conviction rates in course cited as some of the serious concerns that police tactics were evident when a protest in the center tbilisi recently the. violently dispersed to. the incident spokes international calls for an independent investigation wolf no one's been forthcoming slave because mint has found time to plow money and energy into pasting this whole concert and as the stars take to the stage at least we tell it's a lack of government accountability a she's it seems that can be brushed under the

red carpet it's been through the biggest party tools and have to be the critics of the events of being quits a points out the likely thing going to concentrate fully on the very serious that she's the only good friend in the country copeland still going to be here in the park these days and the music. there on the belief. of modern music isn't the only new initiative associated with ga just go to our website archie dot com for more details news updates and videos georgia makes tourism a higher priority as the country considers legalizing catalysts in a bid to boost the number of foreign holiday makers. and in other news the mayor of the lithuania capital gives his citizens a tough loss of a proper parking all by driving an armored military vehicle over a luxury car. and also online to do

a full passer jumping for joy after a swedish explorers find an extraterrestrial all object lurking at the bottom of the baltic sea drawing comparisons with an infamous spaceship from the legendary star wars film series. nato has sent additional troops to casa groups north of border with serbia after an escalation of violence as well really calls for a peaceful resolution or the reinforcement will bolster alliance forces already patrolling the area one officer was killed in clashes between kosovo special forces and ethnic serbs when police took control of two disputed border crossings special forces were sent to the border by the close of a government to enforce a trade bad our serbian imports although it was in response to belgrade existing

embargo on cost of in goods in place since kosovo's unilateral declaration of independence in a two thousand and eight for a smaller group a serbian canadian film director says that serbia is under pressure from e.u. to recognise. but 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 the force is necessary to do what they have planned they will use it and we must also remind ourselves that the e.u. asked great as an unwritten prerequisite to recognize course was independence and this would mean that belgrade should accept kosovo's sovereignty and territorial territorial integrity which which is very complicated to explain to the people of serbia but belgrade i think is prepared to do so in order to achieve the e.u.

dream this is a question of violence of course it's not helping belgrade because. the people of serbia. really see this as a provocation and it is making their sentiments against reaching compromise. not not very favorable try to side serbia has already made many concessions for the so-called republican poll so they recognize their documents their i.d.'s their license plates so i think calling for the albanian 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 are riddled with bullets showing signs of torture police believe about two hundred people were killed in karachi in

july alone the city has a long history of ethnic religious and sectarian violence among the city's main political parties. pro get off the forces of launched a counter attack against rebels near the libyan western city of the tunick killing at least seven people taking control of the town is a key step for rebels who plan to advance from vera to the capital tripoli gadhafi son saif al islam says a fighting in libya will continue until the country is quote liberated the ongoing civil war started over four months ago and has claimed the lives of an estimated two thousand people. colombian authorities have captured two suspected leaders of a cocaine operation involving the transfer of twenty tons of drugs per year to the united states via submarine's police say the arrest was the conclusion of the six year investigation into the drug the van that were apprehended after the u.s.

coast guard about the capture of a submarine all three hundred coast carrying seven and a half tons of cocaine the whole had an estimated street value of one hundred eighty million dollars. well kareena is here now with a business news. oh and welcome back to business here on our team pay pal could invest up to twenty five million dollars in russia according to the head of missing newspaper the world's largest online payment portal is planning to open an office in moscow the source of pay pal is coming hand in hand with its owner online auction site e bay in order to operate in russia even needs to sort out online transactions and delivery while it's in talks with d.h.l. about postal services pay pal will be transferring the money analysts say that pay pal's move looks reasonable given russia's. market. the russian ruble is

heavily undervalued at least that's the finding of the latest big mac index published by the economist magazine business r.t. is not a toxin to the theory of bergen alex. mcdonald's is everywhere from guadalupe to the fiji islands and the big money 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 so to sell this burger to someone in the u.s. . thirty percent or more on the transaction. means that it's likely undervalued of course localization of production varying disposable incomes all way you know the difference in price what the index does give people is false food for fools interestingly india tops the list for the cheapest big market even though it isn't

a big mac but a maharajah made out of chicken although. that's how i look at the markets now all is declining for a fourth day and its longest losing streak since may invest is bet the signs of a slowing u.s. economy may fall to fuel the mouth of the world's biggest consumer of crude and cold declined after a rally to an all time high for some investors to reduce their holdings yellow metal lost as much as point six percent and asian trading silver is also slightly down this hour and asia shares fell heavily across the board the nikkei stock average shedding one point nine percent so as hang sang shares of steel companies are specially hard hit i mean worries about global demand japan's g.f.p. holdings down three point one three point two percent resource sector shares are under selling pressure mining giant b.h.p. billiton lost two point nine percent. and here in moscow the markets will start trading in about an hour both from isaacs and the odds he has lost over half a percent on tuesday and he majors are not the main losers. that's their update for

this hour but you can always find more stories on our web site because that's what . hungry for the full story we've got it firsthand the biggest issues get the human voice face to face with the news makers.