all. in india in the movie the joint be. the gateway to the grand imperial. george weston. let's.

go and. read this and the colonel was virtually as a treat. last swallow self-made bitter pill to avert the devastating default but experts say there's a little hope for efficient economic recovery in the long term. moscow warrants against calls out to give webb to target the syrian regime for action to push the warring sides towards dialogue and to end the escalating violence in the country this comes as a dozen small protesters were reportedly killed on a tuesday. and the six months after being toppled former egyptian leader hosni mubarak is finally set to go one trial but the revolution that promise to bring change to the country some feel has only made things worse.

ten am here in the russian capital you're watching r.t. now the u.s. narrowly misses a potential default signing into law an emergency budget deal that leaves a both sides of the months long political debate disappointed the country that once advised russia during its worst economic crisis now struggles to answer the serious questions hanging over its own financial future. 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 a doubt it will how the patient's 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 nearly broke economic theories but can americans take their own advice now to deal with their own economic crisis repressive live within your means the same advice they gave us without knowing our economic and social realities and we. need to be russian guy 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 us the sorry came to nantes as the communist economy was in

collapse but there was nothing to replace it with. or supports the situation was disastrous for it it was over one hundred billion dollars in gold and foreign currency reserves will listen fifty million which effectively means new. people tell reformists of that then government remember how in america's advice so-called shock therapy was a plight the markets might have got the therapy but the people got the shock empty shelves and must pull their genius goes or as one politician said to move from a market to a communist economy is easier it's low. 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 you wouldn't russia a decade to revive it's a quarry him and return to economic growth transforming the country's fortunes after the disaster of the nine hundred ninety s. in which american experts played a key role if destruction 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 all of us russia will be feed for america it's in the direction of our teen. girls to lead 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 it or is it lose wars where there are iraq afghanistan the

war on drugs the new war with libya they're losers that 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 fight d.c. with the stimulus bailouts the big to fail everything they do they turn to failure why would any thinking adult look at the republicans and the democrats 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 and later today we look at the americana campaign in iraq and discover whether it's

a military action was used for the right reasons. 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 actor program to acquire and develop nuclear weapons and let there be no doubt about we know for a fact there are weapons their six hundred million dollars to ponder continuing search have not yet shiny 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 the turbo international security situation but i think it's perilous so they're attacking the patriotism of others.

of the crackdown on protesters in assyria is picking up pace with reports of government forces have resumed storming the opposition stronghold of hama around one hundred forty people are said to have been killed over the past few days of the country the pressure is also mounting at the un security council to take action that could help stop the violence but so far the members have been unable to reach consensus and russia which has a permanent seat on the council says its western partners are targeting president bashar al assad's regime moscow wants a more balanced approach that will push the warring sides in syria towards the dialogue parties but you know portnoy 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. 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 balanced 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 the 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 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 conflict and we think that the circumstances the security council could and should. have signaled in favor of political accommodation and ending the violence 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 well some contraries feel if the nato led coalition is using it to try and topple colonel gadhafi political analyst michel chossudovsky thinks going down the same path in syria could a goal for the entire region in war. 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. rection which which took place in east and these two lives yes and there's even less of a justification when intervention in syria is a very important country and if there's been a tree intervention in syria then we are in for all of the extended war which goes from the mediterranean right to the chinese border because then you have egypt ration of the of the wall 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 all responsibility to protect we have devastating consequences

and lead to a military escalation of a vast area and plenty more stories ahead for you this hour. on the show. soon we head to georgia to check on what's behind policing stories for glitz and glamour and how president saakashvili plans to win the public support by turning up the music. gyptian of president hosni mubarak is due to appear in court later on wednesday charged with the killing of protesters during the february uprising as well as corruption well the trial is set to be broadcast live from cairo where the leader will be tribal all of this to sons and senior aides now 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 a 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 worse it's 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 and lo and 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 the 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 rounds 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 the both houses of the eight this year 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 horrid conditions such as close to him also saying that he's suffering from a major figure of depression refusing to. take solid foods but the prevailing view here in congress especially when the tests are says that all these reports of more health are nothing more but fiat's tricks aimed at responding to trial and driving on the promised reforms many would deny rejections especially. people who are counting out of the top players where back in january of

the average say they're quite disillusioned with the fruits of their revolution because lost in nature has become so much harder as my colleague various i'm not sure 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 one. between the economic to the station caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely a food to feed his children he says the wind of change may have brought freedom to egypt it is brought as survivals tong in its wake.

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 you see it's not getting better we have nothing to eat 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 of five months on there is little satisfaction and dictator free age. it is far from the best place to live and the people are getting very. very hard but

people know about more. than that there. will be a bit of pollution and this in fact is their very sad that is that 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 because he says sounds a lot like south conviction that if they keep us safe we've been living under mubarak for many many years too many i'd say 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 man but we do need to wait for a little longer. recent need demonstrations in the square show that this toy season has been pushed to the limit and it's protests versus patients in the battle to save egypt from crumbling threw them. out t.

cairo. and still head in the program alarm bells go off in the balkans nato upset suppressants along the north of the border between kossovo and serbia to keep a close watch on rising ethnic tensions. that we grabbed and t.v. concert has rocked the republic of georgia in an event some locals have branded a waste of taxpayer money over the economy struggling and unemployment running rampant georges have questioned how their president coughed up the cash for such a spectacle as artists are further reports mel saakashvili is hoping his approach will strike a positive note with voters. when national meets targeting the m.t.v. generation the state funded pop concert in the team is certainly attracted some big names i like so much and u.k. good here's george s. patton what. lights a lot of. this it's not the first time the president's crazy duck to start what

many see as a bid to win popularity. everything from the start to truly worry smart for a specialist over more than a p.r. i'm sure he knows how to establish autocratic system inside the country but it's the same time how to make this propaganda for restoring diplomats or worse for government the p.r. conscious president has often used music as a political weapon this pop song commissioned ahead of the teeth thousand and eight presidential election uses his nickname in the humble title misha is cool. you know any other normal country where pop singers or rock singers are pretty good all the president all these high profile publicity stunts they come at a cost car new i don't know where they got the money to bring such stars to jude you pay for the equipment because government funds come from the money of taxpayers

like me and according to you can take money from six pounds that are more than ours that was the concert adverts will certainly have gained the country attention in the west beyond beautiful but to me it's still a country where human rights violations not uncommon international groups such as human rights watch say that the government was responsible for widespread abuses last year at least be tallahassee 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 century tbilisi recently this violently. the incident. independent investigation. coming save. time money and energy. and it does take to the stage.

it's been clute the biggest party to the critics and being quick to point out. in the very serious that she's the only good friend in the country. will still be with you and the music. the believe. modern music isn't the only new initiative associated with ga go to our website. for more details. videos mates tourism a high priority as the country considers. the number of foreign holidays. gives his citizens a. driving on the arm or a military vehicle. are.

jumping for joy after a swedish explorer an extraterrestrial. bottom of the baltic sea. the legendary star wars film series. nato has sent additional troops to casa voce north border with serbia after an escalation of violence as belgrade calls for a peaceful resolution well the reinforcement will ball sir alliance forces already patrolling the area one officer was killed in clashes between kossovo special forces and ethnic serbs when the 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 it was in response to belgrade existing embargo on cost of goods in place since kossovo as you know lateral declaration of independence in two thousand and eight. film director says that serbia is under pressure from the e.u. to recognise kossovo. the situation in kosovo is very unstable this is due to the illegal acts of the so-called government of kosovo it is not helping out of stocks of course in the negotiations that are due to continue this september and the whole escalation of violence is simply not going towards a peaceful solution that everybody is hoping for 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. asks of belgrade as an unwritten prerequisite to recognise fossils in the pendants 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 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 reach him. not not very favorable tried your side survey 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 . 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 in be ongoing violence in a pakistan city of karachi reports say bodies were found scattered across different parts of the country's largest city somewhat riddled with bullets and are 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 sense of terror and violence among the city's main political parties. program off the forces of launched a counterattack against rebels near the western the libyan city of killing at least seven people taking control of the top is a key step for rebels who plan to advance from there to the capital tripoli gadhafi son aside the fall islam says fighting in libya will continue until the country is quote a liberated of the ongoing civil war started over four months ago and is claimed

the lives of an estimated two thousand. clogged with ortiz of two suspected leaders of a cocaine operation involving the transfer of twenty tons of drugs per year to the u.s. via submarines police say the arrest was the conclusion of a six year investigation into the drug ring the men who were apprehended after the u.s. coast guard and now it's the capture of a submarine off the honduran coast carrying a seven and a half tons of cocaine haul that an estimated street value of one hundred eighty million dollars. i'll be back with a recap of our top story shortly but first the business stu's with kareena. well welcome to business here and pay pal could invest up to twenty five million dollars in russia according to vetted mr newspaper the world's largest online payment portal is planning to open

a moscow office to sort of pay pal is coming hand in hand with its own or online auction site e bay to operate in russia e-bay needs to sort out online transactions and delivery while it's in talks with d.h.l. about postal services will be transferring money analysts say that pay pal's move looks reasonable given russia's on line payment mark. prices for jet fuel in russia are renewing their rally the country's key suppliers hike fuel charges by five to ten percent on tuesday oil companies say that spurring the increase to increase are high global crude prices and domestic shortages in addition black a few is being driven by high traffic volumes of russian airlines jet fuel prices have risen twenty five percent this year for the previous hike in thirty two. now let's have a look at the markets or less declining for a fourth day in its longest losing streak since may investors bet that signs of a slowing u.s. economy may fold to

a few months in the world's biggest consumer of crude gold declined after a rallied so on all times high for some investors to reduce their holdings the elemental lost as much as point six percent in asia trading so it was also slightly down. in asia shares fell heavily across the board the nikkei stock outrageous setting over two percent shares of steel companies are especially hard hit amid worries about global demand japan's jeffie holdings down over three percent resource sector shares are under selling pressure mining giant b.h.p. billiton losing two point nine percent. and here in moscow the r.t.s. start of the trading day deep in the red with energy majors among the main losers on the lower crude the mines it's close to over half a percent on tuesday with energy mages also among the main business. 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. tucks into the theory of

bargain. mcdonald's is everywhere from guadalupe to the fiji islands and the big mac is identical to 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 someone in the u.s. . thirty percent along the transaction this means that the rouble 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 food for thought interestingly india tops the list for the cheapest big mac even though it technically isn't a big mac but a maharajah made out a chicken. that's the business of it for this hour headline news our next so stay with us.