in india oldies are made of the movie the joint be the children's the on the violence the great way to turn the branding period during the george weston to school until you can the let's let's we'll close with a joke it's a duty to go and look lawyers read this and the colonel was neutral as a retreat. us swallow self made a bitter pill to avert the devastating default but experts say there's little hope for efficient economic recovery in the long term. moscow warns against calls of the u. webb to target the syrian regime urging for actions a push the warring sides towards dialogue to end the escalating violence in the country well this comes as dozens more protesters were reportedly killed on tuesday . at egypt's former president more than a robot uk arrives for his trial in cairo six months after

a mass protest four separate from power are looking now at live pictures of people gathered just outside the courthouse and people there are some that say that the a revolution that promises to bring a change to the country some now feel has delivered very little. and in business this hour pay pal could invest up to twenty five million dollars and rush out the world's largest online payment portal is planning to open a moscow office this autumn we'll have more on that in our business bulletin for instance. just after eleven am here in the russian capital you're watching r.t. the us narrowly misses a potential default signing into law an emergency budget deal that leaves both sides 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 its own financial future that he has been investigating why washington is reluctant to take its own advice. and the us has now approved a compromise to reduce the deficit and avert a default that would have devastated our car the u.s. just had to swallow this 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 no recovery is taking place and are we on a suicide mission we may be gesturing you know to kind of deal with that 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 to some point shortly after the collapse of the soviet union russia became an american laborde tree for new liberal

economic theories but can americans take their own advice now to deal with their own economic crisis we live within your means the same advice they gave us with our economic and social realities. to the russian guy had it russia central bank in the immediate post soviet period the year he took up the chop in one thousand nine hundred ninety two so the worst four figure inflation in russia's history the us is sarky into nan's of the communist economy was in collapse and there was nothing to replace it with. so perhaps this issue asian was disastrous for him did was over a hundred billion dollars in gold in foreign currency reserves was in fifteen million which effectively means new. people still are fullness of the van government remember holland america's advice so-called shock therapy was a plot the markets might have got the therapy but the people got the shock empty

shelves and must pull the disease goes or as one politician said from a mortgage to a communist economy is easier it's like trying to turn your query into fish soup which to do the opposite is much harder it's like trying to revive the dead fish it to coordinate 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 brits played a key role if this roxanne had been the aim of the visiting stock there appears they could hardly have done a better job but with us now the patient in dire need of economics theory will soon see the maps and they thought it was good enough for a post soviet russia or america exceeded our tour of art. school. girl celebs or from the friends research institute told r.t. that despite all the last minute debt deal that you were asked us to do look for

another great depression. the american economy as well as much of the global economy is heading into the greatest depression and he thinks 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 deliver it 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 they 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 it best it's 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 why the new ones that obama started and the old ones that he keeps going later today will look at the american campaign in iraq and discover whether its 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 his regime as an actor a 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 a continuing search we have not yet felt 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 a terrible international security situation that i think is perilous so they are attacking the patriotism of. a crackdown on protesters in syria speaking up pace with reports 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 of the un has locked in heated debate over what action to take on the crisis but in a fortnight 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 a lot the u.s. and its western allies believe there should be a direct line from nation 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 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 frivolous lee 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 we're concerned about the wild sunday's collision of the conflict and the thing that does and says as the security council. has a good signal in favor of political accommodation and ending the world and 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 un a mandate to protect civilians in libya has come under fire for the way it's being implemented some countries feel the need to lead coalition is using it to try and topple colonel gadhafi political analyst. things going down the same power in syria

could involve the entire region in war. the people who are actually committing crimes against humanity is the nato us military alliance we see it and in libya there was absolutely no justification for the intervention in libya. you know this erection which which took place in eastern and eastern libya and there's even less of a justification for one intervention in syria is a very important country and if there's been a true intervention in syria then we are in for an extended all which goes from the mediterranean right to the chinese border because then you have integration of the of the wall here this is not gonna slow on iraq of course palestine lebanon alone and so we're in for a much larger war let's understand that any kind of deliberate intervention in syria at this stage using the pretext of

a protest movement or responsibility to protect we're kind of devastating consequences and lead to a military escalation of a vast area. and plenty more stories ahead for you this hour. on the show. so we had to georgia to check what's behind tbilisi's a player story glitz and glamor and how president saakashvili plaster will have public support by turning off the music. and a clash between supporters and opponents of the ousted president hosni mubarak who is due in court right now and here we are looking at live pictures from cairo you have demonstrators gathering just outside the courthouse and the latest that we're hearing is that former president park has actually arrived by helicopter at a cairo court so they're looking at live pictures again. in front of the a courthouse some of barak is charged with the killing of protesters during the

february are rising and corruption well the trial is set to be. live from cairo where they neither will be tried along with his two sons and his senior aides a 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 but. the trial of the former egyptian president hosni mubarak has to be to see it it's been plenty of tribulations for the transitional really treat council which took over the country ever since no guards that down back in february but decision of whether to put him on trial was essentially a choice between the bad and the worst it's still unclear which one is wage if the board is indeed forced to put down his actions and to control his testimony and potentially shot some lard on some shady financial deals and compromise the political alliances and won't be home to some of these one must to see including

people who are running the country nowadays meals are being pretty to point to the latest eat your words it is three year old mubarak has been in the hospital reportedly being treated for horns condition such as 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 when the tester says that both this reports of course nothing more what the hatch tricks aimed at this morning to trial and who dr king on the promised reforms many were didn't reach and is actually people who are counting out on the tough periods where back in january and february see there why disillusion with the roots of their grab aleutian because life in egypt has become so much harder as my colleague various 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. it's named the free it 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 peaceniks 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 the economic devastation caused by and rastan political uncertainty mohammad's enterprise has been badly fractured now he can barely of food to feed his children he says the wind of change may have brought freedom to egypt and its grant and survival strong in its wake. said about if you like iraq but you know i love the revolution when it happened i welcomed it but looked at the time we call life at the end of the tunnel we see it's not getting better we have nothing to eat just

don't tell me about democracy for hungry people 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 and took eighteen days to end one of the world's longest dictatorships former president mubarak will face justice even days charges of corruption and sanctioning killing which carry the death penalty wide months on there is little satisfaction and dictator free egypt is far from the best place to meet. and already hopper's people now are talking about. one of the day is. a bit of a little different and its impact as a very sad that is that people are indeed tired even those who back the changed.

this young man is from the revolution youth caliche and he tries to remain optimistic and he says sounds a lot like south conviction that he got the other side 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 programs but we do need to wait for a little longer. recentre need to mistreat sions in the square shoot at this toys he has been pushed to the limit and it's true tests versus patience and the battle to save egypt from crumbling fruit. or a functional r t cairo. a ground and t.v. a concert has a rock the republic of georgia in an event some locals have branded a waste of taxpayer money with the economy struggling and unemployment running rampant a georgian some question how their president coughed up the cash for such

a spectacle as artists are first reports may have really is hoping his approach will strike a positive note with voters that were told us only been targeting the m.t.v. generation the state funded put confidence for teaming is certainly attracted some big names i like so much in u.k. good here's jersey just as lots of money. lights a lot of. this as president pakistani popularity continues to fall the among the older generation is now trying to appeal to a much younger crowd so the first time the president's case heat up the stars and what many see as a bid to win popularity. is actually the worst market for specialist over more than a period i'm sure you know how to spell this out across the system inside the

country but it's the same time how the made it. worse than. the 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 uses his nickname in the humble title me sure it's cool. during your other normal country where pop singers or three years of trinity of all the programs all these high profile publicity stunts they come at a cost. 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 such bonds but our border now that was the concept will certainly have gained the country attention in the west beyond beautiful but seemingly huge it is still a country where human rights violations not uncommon international create such as

human rights watch say that the government was responsible for widespread abuses last year and he speaks hallett's he bans on preassembled and that normally high conviction rates in course cited as some of the serious concerns in fact police tactics were evident when a protest in the center to police the recently this pilot leader. the incident sparked international calls for an independent investigation because no one's been forthcoming save the government has found time to plough money and energy into tasting this pop concert and as the stars take to the stage at least which has a lack of government accountability issues it seems that can be brushed under the red carpet it's been called the biggest party tool to see the critics of the event being quick to point out the right thing can't attack only when the very serious issue is the way it's back in the country problems that will still days of being

here when the party's favor and the music. there. to be. a modern music isn't the only new initiative associated with ga you can go to our website r.d. dot com for more details and news updates and videos for georgia makes tourism a high priority as a country considers legalizing cannabis in a bid to boost the number of foreign holiday makers. in other venues the mayor of the lithuanian capital gives his citizens a top class of improper parking by driving of our british military vehicle over a luxury car. and also online a u.f.o. founds are jumping for joy our first reader should explore a story of an extraterrestrial object lurking at the bottom of the baltic sea draw comparisons with an infinite space ship or be a legendary star wars film series. nato

has sent additional troops the cost of those north border with serbia after an escalation of violence as belgrade calls for a peaceful resolution of the reinforcement will bolster alliance forces already patrolling the area one officer was killed in clashes between calls of all special forces and ethnic serbs when police took control of two disputed border crossings special forces were sent to the border by the cross of a government to enforce a trade bout on serbian imports well it was in response to belgrade existing embargo on costs of good goods in place since the cost of those unilateral declaration of independence in two thousand and eight when a gursky a serbian canadian 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 illegal acts of the so-called the government of course of all it is not helping out of stocks of course and go shisha as they are due to continuous september and the whole school ation 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 coast 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 the force is necessary to do what they have planned they will use it and we must also remind ourselves that the e.u. i asked of belgrade as an unwritten prerequisite to recognize kosovo's 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 this escalation of violence of course is not helping to build great because

. the people of serbia. see this as a provocation and it is making their sentiments against reaching a compromise. not very favorable tried your side serbia has already made many concessions from the so-called republican poll so they recognize their documents their i.d.'s their license plates so i think calling for the albanians to negotiations is another call for serbs to accept more things that are just leading to serbia recognizing kosovo. now let's take a look at some other talk news from around the world at least thirty four people have been killed and thousands injured in two days of clashes in the ongoing violence in pakistan city of karachi reports the bodies were found scattered across different parts of the country's largest city somewhat riddled with bullets and showing signs of torture police believe about two hundred people were killed in karachi in july of lone a city has

a long history of ethnic religious and sectarian violence among the city's main political parties. program off the forces of launched a counter attack against rebels near the western a libyan city of zlatan and killing at least seven people taking control of the town is a key step for rebels who plan to advance from there to the capital tripoli gadhafi son saif al islam says fighting in libya will continue until the country is called liberated the ongoing civil war started over four months ago and as 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 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 announced the capture of a submarine off the hundred coast carrying seven and

a half tons of cocaine the whole had an estimated street value of one hundred eighty million dollars. and coming out parties debate shows spotlights that's cross talk peter lavelle and his gas discuss the aspects of consequences of the external promotion of democracy in the arab world but first the business news with kareena. welcome to business here on r.t. pay pal is weighing plans to open an office in moscow this autumn according to the head of us newspaper the world's largest online payment portal is planning to invest twenty five million dollars in russia pay pal is coming hand in hand with its owner online auction site e bay in order to operate in russia even he needs to sort out online transactions and deliver it while it's in talks with d.h.l. about postal services people will be transferring money analysts say pay pal's move

looks reasonable given russia's building on market. prices for jet fuel in russia are renewing their rally the country's key suppliers high kill charges by up to ten percent on tuesday all companies say that high global crude prices and domestic shortages spurring the increase in addition lack of fuel is being driven by higher traffic volumes from russian air lots prices have risen twenty five percent this year with the previous hike in early june. and taking a look at the markets now or is declining for a fourth day in its longest losing streak since may best as bad perhaps signs of a slowing u.s. economy made falls a fuel demand of the world's biggest consumer of crude. gold is edging higher this hour earlier to be below metal lost as much as point six percent and asian trading silver is adding over half a percent. in asia shares a heavily down across the board in the case trading over two percent shares of

steel companies are especially hard hit i mean worries about global demand japan's t.f.p. holdings down over three percent resource sector says up on the selling pressure not enjoying beach he built a business in nearly three percent. and here in moscow markets are diving into negative territory tracking losses in asia and isaacs is losing almost want to help the sad reality yes the setting nearly two percent of the solemn vow that some look at some individual voters on the rise eggs energy majors are among the main loses weight at a local food price has risen over seven rosneft is dropping one and a half percent banking stocks are also the red would be to be dropping one point five percent bucking the trend is pulling metal cutting one point three percent on article. that's all the business update for joining forty five minutes from their own businesses.

the looming. just simply.

the first scene and. the summit. coming up. wealthy british scientists say sometimes the tightly. market financial system that. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to congress report on our cheap.