in india in the movie the joint be virtually. the gateway to the grand imperial truly george weston.

to go and. run this in the county was her job as a retreat. the u.s. swallow self-made bitter pill to avert the devastating default but experts say there is little hope for efficient economic recovery in the long term. moscow was against calls up the u. wed to target the syrian regime urging for action to push the warring sides towards dialogue to end be escalating violence in the country now this comes as dozens of more protesters were reportedly killed on tuesday. just six months after the top little former egyptian leader hosni mubarak is finally sept to go on trial but the revolution the promise to bring change to the country is something that 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 book and more on that twenty minutes time. just after nine am here in the russian capital you're watching r t thank you for joining us now the u.s. narrowly misses a potential default signing into law an emergency budget deal that leaves both sides of the political debate disappointed while the country that once advised russia during its worst economic crisis and now struggles to answer the serious questions hanging over its own a financial future you've got that he 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 this bitter pill but many still down to 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 no recovery is taking place and are we on a suicide mission we may be gesturing you know to kind of deal with debt at the same time make it impossible for the government to play any role 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 laborde tree for neo 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 us without knowing our economic and social realities as we. speak to be russian to had it russia central bank in the immediate post soviet period the year he took up the job

in one thousand nine hundred two so the worst four figure inflation in russia's history the use the sarra came to nando's the communist economy was in collapse but there was nothing to replace it with. so brooks the situation was disastrous for did was over one hundred billion dollars in gold in foreign currency reserves will listen fifty million which effectively means new. people to reformists of the then government remember how in america's advise so-called shock therapy was applied the markets might have got the therapy but the people got the shock empty shelves and must pull their teeth as one politician said to move 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 more than russia a decade to revive it's

a quorum and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. in which american acts brits played a key role if this traction had been the aim of the visiting shock therapy as they could hardly have done a better job but with the us now the patient in dire need of it could all make surgery will soon see the maps and they thought it was good enough for both saw the russia will be fit for america it's in the direction of art more scale. gerald 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 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 whether in iraq afghanistan the war on drugs the new 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 in 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 and later on we'll look at the american campaign in iraq and discover whether it's a military action was used for the right reasons special report or just over twenty minutes time. the people of the united states and their friends and allies will not live at the mercy of an outlaw regime that threatens the peace with weapons of mass murder is regime as an active program to acquire and develop nuclear weapons and let there be no doubt about we know for a fact there are weapons there six hundred million dollars to fund the continuing search we have not yet 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 that i think is perilous so they're attacking the patriotism of others. and 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 pressure is 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 its 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 r.t.s. what do you know what neither 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 believe that there should be a much more balanced approach that what ever 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 on balance measures such as sanctions 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 cannot do when it comes to the situation in syria in essence churkin said the security council is working under the shadow events surrounding libya when they are approaching the best actions to take when it comes to syria now all the members of the security council will continue negotiating 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 concerned about the one on sunday's collision of the gauntlet and we think that these circumstances the security council could and should. in favor of political accommodation and ending the violence russia and many

other countries say the aim of the text put forth by the security council when it if it is part of 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 while some countries feel the nato led coalition is using it to try and topple colonel gadhafi political analyst michel chossudovsky things going down the same path in syria couldn't golf the entire region in war people who are actually committing crimes against humanity is the nato u.s. military ally as we see it did in libya there was absolutely no justification for the intervention in libya. you know the insurrection which which took place in

eastern these two lives you know 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 as an afghanistan and iraq of course palestine lebanon on. a much larger war let's understand any kind of military intervention in syria at this stage using the pretext of a protest movement or responsibility to protect we have devastating consequences and lead to a military escalation of a vast area. and there's plenty more stories ahead for you this hour. soon we go to

a georgia to check what's behind tbilisi's thirst for glitz and glamour and all president saakashvili plans to win a public support by turning up the music. ousted egyptian president hosni mubarak is due 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 senior aides well the charge against him carries a possible death sentence if he's found guilty of premeditated killings or jesus on a boy who has been following events for us. the trial of the former egyptian president hosni mubarak hasn't even begun yet but it's already associate it's 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 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 shed some light on some shady financial deals and compromising political alliances in the lone behold some of this for months to see including people who are running the country nowadays may also be implicated but if he's trial is postponed a whole team 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 military clique 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 perfect time to take its course and according to the latest your reports the reportedly feeble house of the ages three year old mubarak

is quite conducive to the 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 she's suffering from a major figure of depression refusing to. take solid foods but the prevailing view here in congress especially when the protesters says that all these reports of poor health are nothing more see ya tricks aimed at those who are going to trial and driving on the promised reforms maybe it wouldn't rejections especially people. we're counting out of the talkers where back in january and february say they're quite disillusioned with the fruits of their revolution because life in egypt has become so much harder as my colleague various the last year now report 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 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 once a year between the economic devastation caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely have food to feed his children he says the wind of change may have brought freedom to egypt but it's brought as survivals tong in its wake up. 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 judges 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 in the period of the people getting ready. and getting ready hoppers the people now according about mubarak as well much better know that there. will be a better solution and this in fact is their very. people are indeed tired even

those who backed 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 i get 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. recent need demonstrations in the square show that this toy system has been pushed to the limit and it's protests versus patience in the battle to save egypt from crumbling further. r t cairo. and still ahead of the program alarm bells go off in the balkans nato upset surpassing so long before water between a kossovo and serbia to keep a close watch on the rising ethnic tensions. a grand

m.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 unemployment running rampant georgians have questioned how their president coughed up the cash for such a spectacle as artists are first reports where saakashvili is hoping his approach will strike a positive note with voters. have been actually it's targeting the m.t.v. generation the state funded pop concert in the teaming is certainly attracted some big names. i like so much in u.k. good here's george s. patton what. writes a lot of our favorite guests it's not the first time the president's case lead up to stars what many see as a bid to win popularity. everything from the star to lose were smart for a specialist over more than a p.r.

i'm sure he knows how to steer was shot across the system inside the country but it's the same time how the raid was brought down for restoring diplomats or worse for government p.r. conscious president has often used music as a political weapon this song commissioned ahead of the teeth thousand and eight presidential election he says his nickname in the humble title me sure is cool. you know any other normal country where twelve singers or rock singers are pretty good all the president all these high profile publicity stunts they come at a cost. where they got the money to bring such stars to juju to pay for the equipment because government funds come from the money of taxpayers like me and according to you can take money from such bonds that are bought them as that was the concert adverts will certainly have gained the country attention in the west beyond beautiful but seemingly huge it is 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 in fact police tactics were evident when a protest in the center tbilisi recently this violently dispersed. the incident sparked international calls for an independent investigation it was known as being forthcoming saved by the government has. time to plough money and energy into tasting this. and as this does take to the stage police brutality and lack of government accountability they she's it seems that can be brushed under the red carpet it's been clute the biggest policy tools that have been the place in the events of being quick to point out the likely thing called to try to bully from the very seriously she's the only good friend in the country copeland who is still

going to be in the park these days and the music. there on the belief the. modern music isn't the only new initiative associated with george judge go to our website r t dot com for more details news updates and videos georgia makes tourism a higher priority as the country considers legalizing cannabis in a bid to boost the number of foreign holiday makers. and in other news the mayor of the lithuanian capital gives his citizens a tough lesson and proper parking all by driving an armored military vehicle over a luxury car. and also online e.u. and us are jumping for joy after swedish explorers of blinded extraterrestrial all lurking at the bottom of the baltic sea drawing comparisons with an infamous

spaceship for the legendary star wars film series. nato has sent additional troops to casa votes north of border with serbia after an escalation of violence as belgrade calls for a peaceful resolution while the reinforcement will bolster alliance forces already patrolling the area one officer was killed in clashes between kossovo special forces and ethnic serbs when police took control of two disputed border crossings special forces were sent to the border by the cost of a government to enforce a trade bet on serbian imports although it was in response to belgrade existing embargo on costs of in goods in place since cost of those unilateral declaration of independence in two thousand and eight boris munna group a serbian canadian film director says that serbia is under pressure from e.u.

to recognize costs of. but 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 they will use it and we must also remind ourselves that the e.u. asks of belgrade as an unwritten prerequisite to recognize closer as independence and this would mean the 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 escalation of violence of course it 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 tried their side serbia has already made many concessions for the so-called republican polls 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. well let's take a look at some other top news from around the world at least a thirty four people have been killed and dozens injured in two days of clashes be ongoing violence in pakistan city of karachi reports say a bodies were found is scattered across different parts of the country's largest city salva riddled with bullet center 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. throw good 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 time is a key step for rebels who plan to advance from vera to the capital tripoli gadhafi son saif al islam says the 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 submarines police say the arrest was the conclusion of the six year investigation into the drug ring the man that were apprehended after the u.s. coast guard announce 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 kareen is here now with the business news. hello and welcome back to business here in our pay pal could invest up to twenty five million dollars in russia according to the better mr newspaper the world's largest online payment portal is planning to open an office in moscow to sort 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 service says pay pal will be transferring the money and say that pay pal's move looks reasonable given russia's booming online payment 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.s. tucks into the theory of broken 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. about thirty percent or more in the transaction. means that the ruble is slightly undervalued of course localization of production varying disposable incomes always on the difference in price but what the index does give people is false food for fools interestingly india tops the list for the cheapest big mac even though it technically isn't a big mac. but a maharajah made of a chicken. with a look at the markets now all is declining for a fourth day in its longest losing streak since may investors bet the signs of

a slowing u.s. economy may fall to fuel to mother the world's biggest consumer of crude and gold 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 in asia shares fell heavily across the board the nikkei stock out bridge one point nine percent so is hang sang shares of steel companies are especially hard hit i mean worries about global demand japan's g.s.t. 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 of my zits and the r.t.s. lost over half a percent on tuesday but energy majors among the main losers. that's their update for this hour but you can always find most stories on our website i t dot com thanks for.