all. in india is the move to join the hoods over. the gateway go to the grand imperial truly george weston. let's go to.

see don't need to go and. read this in the kernel was her job as a treat. us 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 warrants against calls of the you went to target the syrian regime urging for action to 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. and egypt's former president hosni mubarak arrives for his trial in cairo six months after mass protests from power are looking now at live pictures of people gathered just outside the courthouse and people there are some that say that the revolution that promised a big change in the country somehow feel has delivered very little. time in

business this hour pay-pal could invest up to twenty five million dollars 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 sentiments. just after eleven am here in the russian capital watching r t the us narrowly misses a potential default signing into law an emergency budget deal that leaves both sides of the money. call debate disappointed or the country that wants advice russia during its worst economic crisis now struggle so answer the serious questions hanging over its own financial future artie's you got that you know that trover has been investigating why washington is reluctant to take its own advice.

and worse 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 but many students it will help 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 in the economy is going down rapidly at 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 repressive live within your means the same advice they gave us

without knowing our economic and social realities and we. do give russian guy how did russia's 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 nanjing of the communist economy was in collapse but there was nothing to replace it with. so the situation was disastrous for did was over one hundred billion dollars in gold in foreign currency reserves well listen fifty million which effectively means nil. if you want to reformists of that then 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 to shelves and must pull their business goes or as one politician said to me from a market to a communist economy is easier 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 its 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 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 it could all make surgery will soon see the maps and they thought it was good enough for both albeit russia will be fit for america it's in the direction of art. school. girls to lead to from the trends research institute told r.t. that despite the last minute debt deal the us is doing it 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 or is it loses wars where there are iraq afghanistan the war on drugs the new war with libya they're losers they the government said 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 its stimulus bailouts too big to fail to everything they do they turn to failure why would any thinking that dulls look at the republicans and the democrats the inept and the incompetence to come up with a program that's going to salvage the nation investors having confidence looking to the same people that caused the problem to resolve it that's called insanity the

business of america when i used to be a young man it used to be business now the business of america is war and you can see by the new ones that obama has started and the old ones that he keeps going and 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 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 their six hundred million dollars to fund the continuing search have not yet failed shiny pointy things that i would call a weapon. patriotism is the last refuge of scoundrels and i think these are

scoundrels they have no argument now they have no defense for what they did the country is in a terrible international security situation that i think is perilous so they're attacking the patriotism of others. the crackdown on protesters in syria is picking up pace with reports government forces have regime to 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 well the u.n. is locked in heated debate over what action to take on the crisis medina 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 last the u.s.

and its western allies believe there should be a direct condemnation against the syrian government and the syrian president for the crap down 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 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 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 and we're concerned about the wine and some of these coalition of the conflict and we think that these circumstances the security council could and should send bills that 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 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 could engulf 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 military intervention in syria then we are in fall of the extended war which goes from the mediterranean right to the chinese border because then you have integration of the of the war theaters and 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 and. soon we head to georgia to check what's behind tbilisi's a player story glitz and glamor and how president saakashvili plans to wind up public support by turning up the music. now a clash between a 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 has actually arrived by helicopter of cairo court so they're looking at live pictures again from in front of the a courthouse some of barak is charged with the killing of protesters during the february op rising and corruption well the trial is set to be. live from cairo where the meter will be tried along with his two sons and senior aides the charge against him carries

a possible death sentence if he's found guilty of premeditated killings artie's acts on a boy who has been following events for us. the trial of the former egyptian president hosni mubarak has already some see it it's been plenty of tribulations for the transitional 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 indicate which from his testimony could potentially shed some light on some shady financial deals and compromising political alliances and loan because some of his foremost some seeds including people who are running the country nowadays may also be implicated pointing to the latest eager reports ages three year old mubarak has been challenged in a hospital reportedly being treated for horrid conditions so 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 fashion he will get testers is that all these reports of more help nothing more but yet tricks aimed at this putting to trial and to driving on the promised reforms meet with the new rejections especially people who are counting on the tough periods where back in january and february say they're why disillusioned with the fruits of their revolution because life in egypt has become so much harder as my colleague various phenomena now reports this quaint cairo is now one of the most famous in the world many around the globe but 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 i 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 aboard one c. . but with the economic devastation caused by and rest and political uncertainty mohammed'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 a survival strong 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 time that we 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 egypt is far from the best place to live and the people. and. the people know about mubarak as well much better than that they. will be a better solution and this in fact is their very sad that is our 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 i get on 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 problems right now but we do need to wait for a little longer. recentre need demonstrations in tahrir square show that this toy system has been pushed to the limit and it's protests versus patients and the battle to save egypt from crumbling for them. are a function ati kyra. a grand m.t.v. a concert has a rock the republic of georgia in the event some locals are branded a waste of taxpayer money with the economy struggling and unemployment running rampant georgians have questioned how their president coughed up the cash for such a spectacle as artists our first reports may have saakashvili is hoping his approach will strike a positive note with voters that were two of us are targeting the m.t.v.

generation the state funded pop concert in between me and certainly attracted some big names i like so much can you make a good theory georgia spends a lot of money. lights a lot to make. this president fact it's been a popularity continues to hold the among the older generation he's not trying to appeal to a much younger crowd it's not the first time the president caves eat up the star as many see as a bid to win popularity. only to start a truism war is smart for specialist over more than a p.r. i'm sure he knows how to establish out across the system inside the country but if the same time how they made this propaganda for the western. it's always the government the 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 is cool. during your normal country where pop singers or rock singers are pretty good ball the president all these high profile publicity stunts they come at a cost car knew. where they got the money to bring such stars to george 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 i want them out of that was the constant adverts will certainly have gained the country attention in the west beyond beautiful but to me 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 calls cited as some of the serious concerns in fact police tactics were

evident when a protest in the century 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 found time to plough money and energy into tasting this pop concert and as the stars take to the stage police brutality and lack of government accountability issues it seems that can be brushed under the red carpet it's being called the biggest party tools and at this day the critics of the events are being quick to point out the likely thing can't attract fully from the very serious issues the only good friend of the country they hope that we're still going to be there when the party is a vote 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 news the mayor of the lithuanian capital gives his citizens a plus of improper parking by driving on the harbor to military vehicle over a luxury car. into also on line a u.f.o. founds or jumping for joy readership explorer and an extraterrestrial object lurking at the bottom of the baltic sea drug comparisons with an infinite space ship the legendary star wars film series. nato has sent additional troops because of those north border with serbia after an

escalation of violence as belgrade calls for a peaceful resolution well 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 to dispute a border crossings special forces were sent to the border by the cross of a government to enforce a trade bet on serbian imports well it was in response to belgrade existing embargo on cost of goods in place since the cost of us unilateral declaration of independence in two thousand and eight mauresmo nagorski 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 the illegal acts of the so-called government of course of all it is not helping out of talks 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. . of belgrade as an unwritten prerequisite to recognize close was 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 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 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. well now let's take a look at some other top news from around the world of these thirty four people have been killed and dozens injured in two days of clashes in the ongoing violence in pakistan city of karachi reports say 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 alone the city has a long history of ethnic religious and sick tarion violence among the city's main political parties. the forces have launched a counter attack against rebels near the western the libyan city of killing at

least seven people taking control of the don is a key step for rebels who plan to advance from there to the capital tripoli gadhafi son the saif al islam says fighting in libya will continue until the country is quote liberated the ongoing civil war started over four months ago and this claimed the lives of an estimated two thousand people. the 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 coast carrying a seven and a half tons of cocaine the whole have been estimated street value of one hundred eighty million dollars and coming up marty's debate show spotlight sees that's

cross talk peter lavelle and his guests discuss the aspects and consequences of the external promotion of democracy in the arab world but first the business news with kareena. hello welcome to business here on out the pay pal is weighing plans to open an office in moscow this sold them according to the vet 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 own or online auction site e bay in order 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 pay pal's move looks reasonable given russia's booming online payment market. prices for jet fuel and russia are renewing their rally the country's key suppliers hike fuel charges by up to ten percent on tuesday while companies say that high global crude prices and

domestic shortages are spurring the increase in addition the lack of fuel is being driven by a high of traffic volumes from russian airlines jet fuel prices have risen twenty five percent this year with the previous hike in early june. taking a look at the markets now all is declining for a fourth day in its longest losing streak since may investors bet that signs of a slowing us it could be economy may fall to fuel demand of the world's biggest consumer of crude. and gold is edging higher this hour earlier the be below metal lost as much as point six percent in asian trading silver is adding over half a percent. in asia shares heavily down across the board in the case heading over two percent shares of steel companies are especially hard hit i mean worries about global demand for pounds t.f. you holdings down over three percent resource sector says on the selling pressure

of mining giant b.h.p. billiton is losing nearly three percent. and here in moscow markets are diving into negative territory tracking losses in asia demise it says losing almost one and a half percent b.o.t.s. to setting the elite two percent of the south tower let's have a look at some individual movers on the my xix energy majors are among the main losers way pattillo kook price has risen over seven rolls you have is dropping one and a half percent banking stocks are also in the red would need to be dropping one point five percent bucking the trend is pulling metal cutting one point three percent on cold months. that's all the business update for this hour but join me in forty five minutes for more here on business not.

coming. in the limits. to slit his. feet.