tv [untitled] August 6, 2011 1:00am-1:30am EDT
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join me the killings the elevator the gateway to the grand imperial. college was the school until you can a let you know those machines which are suited to go and. run this is because it was such as this can retreat. top stories on our t.v. just when the us thought it was dealing with its debts it's dealt a blow by a grad score and loses its hallowed aaa crown. israel gears up for another round of massive protests the biggest in decades as people rage against the government they say has about. every travel to russians drastic park in the remote far eastern a more region where new breeds of dinosaurs were discovered. i
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am here in the russian capital you're watching our t.v. now to our top story the united states price top aaa credit rating has been cut for the first time ever started and poor's has dropped america's ranking to a double a plus now the destructive force is the crippling debt which congress has struggled to agree on how to tackle it with only an eleventh hour deal to raise the amount a lot less a piece says that's not enough and falls far short of what's needed to stabilize the governments right away far away but the obama administration says the analysis is way off and will damage any recovery artie's lucy capital is in washington following developments for us side there is a saturday morning now the u.s. is seeing its image as the world's most reliable economy crumble why is that. well it really is more than anything a huge or symbolic and unprecedented blow to the united states to its status as a safe investment basically what this credit rating lowering does that it is it
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really raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in order so to speak the record questions here for the american people for the u.s. government could be severe now while this only takes it down from a aaa to a.a. plus with a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is it potentially it's on the message that the united states is a risky investment that it sends interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates can go up interest rates can go up and really the rest of the u.s. economy could be severely affected now one thing that we do have to keep in mind here is that the obama administration had pointed out that the s. and p. had made an error of about two trillion dollars in. projections so in releasing that information now the s.n.p. doesn't make these decisions based on any sort of special information they really
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it really is a political reaction based on facts that are available to just anyone and so the other thing we have to keep in mind here is that these same credit ratings agencies essentially allowed top ratings to continue in the united states at a time when we were investing a lot of money in these mortgage security is that essentially another collapsing and pulling down the u.s. economy with it so they don't really have all of that much credibility in the eyes of the world market still however we don't know what will happen come monday when the markets will open and if those interest rates do rise there could be a ripple at this very unstable economic time here in the united states we're going to read about how the markets are going to react next week but we have been seeing the u.s. markets dipping deeply over worries that it can't recover quickly enough and effectively enough what is the government doing to prevent a severe recession. well really there's not that much to that not that many options
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that the u.s. government has you have to remember that with the passage of this debt deal the u.s. government's hands are essentially tied in terms of stimulating the economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth would have stalled to almost a crawl in the second half of the year we saw on top of that the jobs report that came out on friday for the united states while it was somewhat positive but actually showed negative growth because it means that more people here in america have given up looking for work so politically there's really not that will in washington to do what's needed to to stimulate growth and financially simply do not have the tools in their possession in order to improve things here and so while these credit rating agencies may sometimes be accused by some financial experts of having missed the mark long ago these small tiny effect in terms of higher interest rates going to really really cripple what's already seems to be a worsening recession here in the united states all right thanks very much for that
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update their reporting from washington thank you thank you. global business expert george who told me that the credit reduction is a signal to politicians to stop plea political games. but in the near term i'm not sure it will actually have much of our influence on the financial market but i think it's a it's a very strong message hopefully it's a strong message to the politicians in congress as well as the white house that it better deal with this problem seriously and play politics it's really matter a matter. can the u.s. afford to pay the debt because u.s. ships always created by printing more money that's been historically that case what's different about this time is that the members of congress choose to stroll and hold their health care ceiling hostage to other issues issues
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having to do with taxation and spending and title moves and so on and so forth and they're not able to reach any or hold on those other issues and therefore they decided to play chicken or trade you know play great friendship on the air on the national debt and i don't think they fully appreciate the damage that this school has done to to the british teacher in the streets. to let's see how it's going down elsewhere in the world artie's appreciator is the nation's third largest economy that's india which has seen its rating move in the opposite direction supriya what does the the downgrade of the world's biggest economy mean for engine trade. that's right yesterday friday asian markets. i apologies for that of course and we've lost the signal try to bring that back later in the program any time
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a second global recession is unlikely to hit according to one investor in asia because america had never made it out of its financial crisis in the first place. all the asians already know that america's got problems all of us are already moving out of u.s. government bonds everybody in asia knows that we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight the american dead is skyrocketing going through the debt or through the roof america's in worse shape now than it was before america spent a lot of money and the people who got bad money are better off but the overall situation is much worse america has quadrupled its debt america if you take in they consider big things that they guaranteed they printed huge amounts of money you know the world has gotten worse or hasn't gotten better we will either inflate paid people back in worthless money we will inflate it away we will change the rules we will put our exchange controls odisha the us will depart that's why people are
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moving away from us government bonds because everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better and better. all right let's go back to our to correspond appreciator and here for us so again the us a credit rating down from a aaa to a double a plus what does this downgrade mean for eighth grade. what we're seeing here is very similar to many of the outskirts that you just heard from eastern markets are tumbling they were tumbling on friday obviously we don't know what's going to happen on monday in specific reaction to this news many analysts many financial analysts here predicted this especially after the u.s. debt ceiling debate that to go along and in many ways is what people are saying led to these lower approval ratings i guess you could say so the markets have tumbled here people are losing confidence in the american economy obviously there are things that soaring they're seeing
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a lot of decisions not specifically being made when it comes to that two point four trillion dollars in cuts a lot of people are wondering if the top of the u.s. this along comes to a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where to cut in asia has a very vested interest in this if you think about what these ratings actually means that means that the united states won't be able to repay a lot of their loans and actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very closely thank you very much for that update our reporting there from india thank you. however now the economist richard wolfe told r.t. that americans for that full recovery plan was doomed from the start. we've had twenty years of being told that a private enterprise economy is the royal road to success and prosperity forever then we have a crash of that system now we've had a recovery by
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a government that took care of the banks and insurance companies first and assured us it would trickle down it's not trickling down that's what these unemployment numbers mean that's what the increasing foreclosure of people being thrown out of their homes means and so on the stock market is finally the investment community itself realizing that this system is broken and there is nothing on the horizon to take it out and the anxiety that you should be among all the average people the vanishing middle class and all the people worried about government spending that anxiety is now spreading even to the top of the economy as they realize they've gone way too far and may have killed the goose that is laying the golden egg at least for them. now one small debt for man one giant black hole for a government later or in new york to ask what's the difference between our debt and those of our leaders. much worse for government to be and why
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because we trust the government to do the right thing they're doing absolutely the opposite of that but do you trust yourself to do the right thing and live within your means i do but i'm in debt so it's good i can pay it off more views on why people and governments max out their credit at how to set things right that's coming up in a few minutes. and a painful balance a leak the top secret document shows british officers were encouraged to weigh up how much they torture prisoners pending on how much information they could get. their discontent in showing no sign of abating with protesters planning a third weekend of social protests one tail of the street has already been a renamed by some as near square which was the site of egypt's uprising those are also your reports the number of protesters is growing steadily. they said today saturday tens of thousands of protesters will be taking to the streets here in tel
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aviv as well as in several other cities around the country where are you holding mass rallies against the government they're hoping to top the one hundred fifty thousand nationwide who took to the streets last weekend this is the first saturday in the road where protests all be held they are united under the banner that the government has abandoned the people and the central message coming from organizes is that the people are taking the country back now the plan tonight is for demonstrators to march on what's called will evolve with the british consul we maintained that he has been established the final destination is not far from here at the curia defense compound and they will be holding a mass rally because into a number of demands on the government of the civil speakers several popular singers also prayers and in the last week there have been a number of smaller demonstrations that have been held for civil law was earlier this week taxi drivers blocked off a number of main roads they were protesting against the high cost of diesel there
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was also another protest among teachers university professors and students and they were united under the banner we education for all and another demonstration just yesterday we hundreds of parents with strollers took to the streets and they were protesting against the wizened costs and the high costs of having children feeling as well because many prime ministers. have been surprised by the massive supports all these demonstrations and his government is still struggling in terms of how to deal with them essentially what you can hear some people here in israel saying is that in the time the author was so obsessed with gathering intelligence for the third solo from the mediterranean that he missed the opportunity to see what was happening here under his eyes of course leon would see television. right our website and you can get more of course marty's policy you're right from the epicenter of the demonstrations in east. well with scads of media attention on the protests activists and journalists say there will be no result because it weakens
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at. the top of. this street still keeps secrets of time from field versions of the soviet files on . the history of this place runs through the centuries. a paradise for archaeologists zoo all ages and ecological tourists. what one fateful night shots destroyed the harmony of life. how this republish called its lifetime. hoping dreaming and retreat.
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wealthy british scientists it's time to. market why not. find out what's really happening to the global economy is a report on are. welcome back and this is r.t. now british intelligence services have allegedly been violating international law for almost a decade now the top secret documents suggests agents were permitted to use information taken from person hours under duress overseas officers were asked to balance how much they expected detainees to suffer against the value of the information they could get they were also given political protection from prosecution now here rights activists are demanding an open and fair inquiry but
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fear any questions will be met with a wall of silence as tara wall from advocacy international explains. and there are a few key reasons why the inquiry is unable to do its job properly the first of these is the rather shocking level of secrecy that surrounds the inquiry and much of the inquiry is going to take place behind closed doors and no information will be released to the public without the say so of the government which is very worrying for an inquiry they're supposed to be getting information to the public about what's been going on very much hope that they will see that there will still be an inquiry which is open and thorough and transparent and i think if there is a full open inquiry and lessons are learned from that then the u.k. can restore its reputation in the world by then making sure that what it does in the future learn from the lessons of the past. tense of thousands of japanese refugees who face the full horror of earthquake tsunami and nuclear crisis now have to another worry their fellow citizens r.t.
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shaun thomas reports out from. caught in limbo left without a home and at the mercy of government welfare just to eat. everyone has been very kind to us we have no complaints the government has done everything they can to help us find shelter what worries us is the future what we're going to do next with feelings i had it japan is an island limited in space and there are thousands who need somewhere to live that means creative solutions are needed families are given temporary refuge anywhere from school gymnasiums in classrooms to high rise hotels in tokyo this is one of the many shelters in the fukushima region where tens of thousands of people are still displaced having fled the earthquake the tsunami and now nuclear radiation but one of the stigmas attached to these people who have left their homes is that their behavior is characteristically on japanese and that's not very popular with some those who have chosen to seek safety for themselves have
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been accused of betrayal by those left behind by the one that they also know it's dangerous to be there because of the radiation but they have their lives there their children go to school there and they work in that area some of them feel we're privileged and spoiled others think there is no danger and we need to go back soon i must and aside from the pressure to move back home they are enduring additional torment and a cultural form of survivor's guilt as well where is the norm there is a typical japanese reaction to blame themselves and not being able to help those who died in this accident this feeling exists among japanese people and especially those who survived this disaster and the cause that it has if survivors like this where nami santo are left with mixed emotions caught between an uncertain future and a broken past but that's not it i think of life as a jordanian i don't think of it lasting forever i just want to live my life. but
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when i think of the graves of our grandparents or people that brought us up i feel sad to live in a place that grew up and. in japan sean thomas are today. supporters of ukraine's former prime minister yulia tymoshenko have clashed with police in the center of kiev after a judge ordered her arrest for contempt of court and she has been on trial since june over alleged misuse of power while signing gas deals with russia in two thousand and nine these are charges she denies his supporters call the case politically orchestrated by the country's president because he had a call that they tried to block the armored vehicle taking to go to the place of her detention but were dispersed by police let's have a look at some other world news now fresh clashes in syria have seen at least ten die as government forces rounded on protesters in the city of hama sixty a crackdown has killed around two hundred people intensified after the first friday
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prayers since the start of the holy month of ramadan if your national conversation of the violence is growing at the u.s. is working out new ways to reinforce the situation sanctions. in chile. has been held to mark the rescue of thirty three miners were trapped half a mile underground a year ago many carried of everett should the virgin mary for fifty kilometers from the isolated myopia has been closed since the miners' rescue the trapped men became known as those that lost. were trapped for sixty nine days or all were rescued safely watching t.v. audiences worldwide. and next we travel thousands of kilometers east of moscow but millions of years back in time.
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we're in the far eastern region it's rich geology has an abundance of precious and valuable metals which is driving its industrial expansion rockies al is here it has met one team who structure lies not in gold but bombs. this week the russia close up team is coming to us all week from the far east and more region now to many this region's distinctive juice to its proximity to china and its volatile reserves of little materials and natural resources but one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here that will put this region firmly on the mark. u.-t. below the ski is a man obsessed with a populist a bygone age when dinosaurs rule based part of russia he may have been born in the countries the rest in areas are not it's the far east untapped jurassic history in the end to which he has devoted his adult life purpose to the curvilinear. he known
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since about nine hundred forty eight but with an unbelievable number of bones are buried here and i think will be digging for at least another two years with the literally everywhere here the ammo region is looking at one of the few functioning archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made a decade ago led to the recognition of a new breed of dinosaur a lot a town or giants on a twelve meter long have all found almost exclusively here and it was you the son of the first stops at a fragment of tail bone sticking out of the father and son went on to make paleontology history than has since followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure one who discovers along the way we begin to remove the ground around it from a foreign. your hand and a shell where
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a girl forward is low because it can be more warm in the ground around it. just a why does it. yuri and his team of been excavating this site for the past three years and already they found well over a thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i get to be found within this small plot alone i'm told that these are all new slightly the fragments of another giant duck billed gladiator unique to the region and named in his honor they are more saurus is another previously undiscovered breed credited to team a lot ski which includes notes hal you're also a scientist it was she who came up with both steiner schools names as well as taking day to day charge of running the region's only pagans witty the burra tree and museum each new discovery misty carefully catalogued and examines the aim is to
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inspire the next generation of dinosaur hundreds move on ensuring the family's feeds i'm remembered for the rest. of you you can see a photo of your a blot ski at the excavation site and here you see photos of i'm going to soras this is a skeleton of an annoyance or it's what a strange look erect i was in it and so learn from the follies of history stars miles and this is charles marsh an american ballet until august in one thousand nine hundred seventy he does it in moscow and announced that there were no dinosaurs in russia and everyone believed him. luckily unity velocity comes from a long line of scientists who chose to follow their own instincts and secured a morse place in the history books as one of the world's foremost sites for paleontology it was there just terminations a new small amount of digging revealed a dinosaur john karr's alice a bit our sea region. now if you or i get into debt the bank is on our backs about
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today yet it's only now that america which shows trillions is seeing its credit score decline are like talk show host laura harford has asked people in new york why americans are so keen on boring. but i think so many people allowed themselves to get so far and that is the is the age that we live in everybody sees the person next door that they've got a brand new car the star lifestyle and that's what they want is so much advertising and people just want you to spend money so i think that's the difference between americans and europeans but you have advertising in europe are you just you don't pay attention to it or. i think we pay less attention to it and we probably think a little more about what we need and what we can afford but it's all about thinking
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yes i think so is it worse for you to be into sonali that it is for a government to be into. it's much worse for a government to be and why because we trust the government to do the right thing and they're doing absolutely the opposite of that but don't you trust yourself to do the right thing and live within your means i do but i'm in debt such that i can pay it off debt is dead it's bad for governments bad for individuals and the government official leadership they've got to clean it up do we really expect our government to get its act together if we can't get our act together for small family we can only hope that individuals and the government will step up and make a difference whether or not you're in debt personally the bottom line is we've become a planet of debtors so it might be time for all of us to rethink what it is to live within our means.
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oh if you want to add your voice to today's news you can head to our team dot com or visit our you tube channel i'll be back with headlights in a few moments to see with the smart. last time the close of team was in the cool gum region where men flock from all over the world to have a few centimeters to their self-confidence. this time archie goes to the amore
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region. for the gold rush still gets people high jump. for an ancient try likes to save its culture. where cranes are protected in the first half of the homes of the fish a major preserve. to the region. bush a close up of the artsy. wealthy british style. sometimes it's satisfying. to the. markets why not scandal. find out what's really happening to the global economy in these kinds of reports on r t.
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