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tv   [untitled]    August 6, 2011 2:01am-2:31am EDT

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all. in india old geezer made the move to join b. they chose. the gateway to the grand imperial. college was to.
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go and. read this in the can it was their turn as a treat. headlines in our team just read to us thought it was dealing with its debt its dealt a blow by a credit score and loses its followed a crowd. israel gears up for another round of mass protests that begins to decades as people rage against a government they say has abandoned them. and we travel to russia's drastic park in the remote far eastern region where a new breed of dinosaurs were discovered. it's ten am here in moscow you're watching r.t.
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thanks for joining us the united states prize top aaa credit rating has been caught for the first time ever standard and poor's has dropped america's ranking to a double a plus now the a destructive force is the crippling debt which congress is struggle to agree on how to tackle with only an eleventh hour deal to raise the amount allowed lesson peace that's not enough and falls far short of what's needed to stabilize the government's runaway for a way but the obama administration says the analysis is way off and will damage any recovery artie's visit washington for us. it really is more than anything a huge a symbolic and unprecedented blow to the united states to its status a as a. safe investment basically what this credit rating lowering does that it is it 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 here for the american people for the u.s. government could be severe now while this only takes it down from
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a aaa to double 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 sends the message that the united states is a risky investment that could send 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 car 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 in releasing that information now the s. and p. doesn't make these decisions based on any sort of special information they really 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
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a time when we were investing a lot of money in these mortgage securities that essentially in the poll lapsing 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 root ball at this very unstable economic time here in the united states 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 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 united states while it was somewhat positive it 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 stimulate growth and financially they simply do not have the tools
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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 effects in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states global business expert george who told r.t. the credit reduction is a signal to politicians to stop playing political games. in a near term i'm not sure that they will actually have much of a 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 said they'd better deal with this problem seriously and not play biology it's really a matter of a matter. can the u.s.
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afford to pay the debt because us have always paid a debt by printing more money that's been historically the case what's different about this time is that the members of congress choose to strongarm and hold the debt ceiling hostage to other issues you don't have the issues having to do with words taxation and spending and title amendments and so on and so forth and they're not able to reach any of color on those other issues and therefore they decided to play chicken or traits you know play brinksmanship on the air on the national debt and i don't think they fully appreciate the damage that this move has done to to the prestige of the united states renowned economist richard wolfe told our team that america's financial recovery plan was doomed from the start. we've had twenty years of being told that
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a private enterprise economy is the royal road to success and prosperity forever then we had a crash of that system now we've had a recovery by a government that took care of the banks and insurance companies first and the short of 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 used to 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 let's see how it's going down elsewhere in the
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world are reports now from asia's third largest economy india which has seen its rating move in the opposite direction. asian 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 but many analysts many financial analysts here predicted this especially after the u.s. debt ceiling debate that took so long 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 there is thing a lots of decisions not specifically being made when it comes to that two point four trillion dollars and caused a lot of people are wondering if it took the u.s. this along to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out the difficulty where to cut and asia has a very vested interest in this if you think about what these ratings actually means
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that means that the united states won't be able to repay a lot of their loans in asia actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very closely asian investors are getting k.g. on the back of what's been a tough week for america's economy jim rogers says they're gong. 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 still higher than it was in two thousand and eight the american debt has skyrocketed and gone through the debt to the roof america's in worse shape now than it was before america spent a lot of money and the people who got that money are better off but the overall situation is much worse america's quadrupled it's dead america if you take in the consider the things that they guarantee they printed huge amounts of money you know
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the world has gotten worse the world hasn't gotten better we will either inflate people back in worthless money we will in trade it away we will change the rules we will put an exchange controls over ensure the us will depart that's why people are moving away from u.s. government bonds because everybody knows that the us is in serious trouble and the debt situation is getting worse and worse not better better and. well the downgrade came at too late to head to europe stock market but it had already taken a hammering this week being battered by the euro zone and america's debt difficulties a lot is that of the shelf is more of the fallout for us in brussels that europe is shaky state as it is now how will this news of the credit but america be a felt where you are well it's like this is food destroy the reputation of the credit agencies here earlier simply reform the white house they were told it made a trillion dollar mistake in their calculations they scrambled to get with european
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partners they work them up in an emergency meeting in the middle of the night admitted they had laid the mistake and then went ahead with a break anyway but really u.s. credit rating agencies have been ridiculed around the world here in europe many years because they still have aaa ratings on firms the day before it collapsed in the credit crunch the agencies lost their its asian people lost their savings in the world slid into recession you are here and you're over as in these. the agency had a long talk with the white house the about this downgrade and so all alone here ministrations to prepare this response and question the agencies decisions know what happened when they recently downgraded countries here in the european union also greece and all of those or all that suggest that ratings agencies are inconsistent and the e.u. is now creating its own agency in any case there are going to spur not just from america which will happen much more interest on its own really unsustainable book
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people around the world who hold up their people in asia europe which you know looks much more shaky ok thank you very much for that markets are closed today but certainly be watching that closely to agel bushnell's are reporting from a brussels. now one small debt for a black hole for a government later we're 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 because we trust the government to do the right thing and they're doing absolutely the opposite of that what do you trust yourself to do the right thing and live within your means i do. it so that i can pay it off more views on why people and governments max out their credit and how to set things straight that's coming up in a few minutes. and a painful balance of top secret documents shows british officers were encouraged to weigh up how much they torture prisoners depending on how much information they
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could get. all discontented israel showing no sign of abating with protesters planning a third weekend of social protests one tel aviv street has already been renamed by some as dr square which was the site of egypt's uprising and as are reports the number of protesters is growing steadily. faces of a saturday tens of thousands of protesters will be taking to the streets here in tel aviv as well as in several other cities around the country where they'll be holding mass rallies against the government they're hoping to top of the one hundred fifty thousand nationwide who took to the streets last weekend this is the third saturday in the road that protest all be held they are united under the ban 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 team on the last stop where the ball wait for the british consul
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meet a tent city 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 close 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 block told a number of main roads they were protesting against the high cost of diesel there 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 wise in cost and behind costs of having children families well the israeli prime minister. has been surprised by the masses of 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
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tanakh it was so obsessed with gathering intelligence for the for to live from the mediterranean that he missed the opportunity to see what was happening here under his eyes. see tell of a. little more of the protests in israel were joined by knesset member daniel ben-simon from the opposition labor party thanks very much for joining us there's already a place in tel aviv that's been formally relabeled are stuck here do you think we can expect any of the middle east uprising scenarios in israel. no i don't think we can get to the scenes that we saw in egypt and in libya and in tunisia it won't be violent there won't be dead in the street but the sentiment is almost the same that the something must be done in order to to. in order to have a better life so people here are yelling shouting are sleeping in the street and
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talking about tens of thousands but you won't get the same scenes in egypt you won't see the police shooting or beating the protestors it's very polite it's very strong best still very polite as to how to change the policy of the government and how to have a better life in israel for the time being they have not been any wounded in the last through three weeks i don't think it will be different in the coming weeks all right this sentiment you're talking about a change in the living conditions around one hundred fifty thousand people are expected to show up at the demonstrations is this the main issue that's bringing all of them together to stand against power or are there other grievances that they're voicing. you know it's it's a it's a discounted about almost everything the main deal with this government of free market of anti-welfare state and very you know capitalistic views and it seems that people you know people are working. you know physicians technicians
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university professors you let you work all week and you can have meat so in a way there's no way you can live properly even if you are not just an employee do you work full time you cannot makes ends meet and that's the problem before most israelis this is a strike of history professionals it's not of unemployed people we have almost no in the ploy bit but you do everything and see if you can not have a decent life all right do you think the prime minister benjamin netanyahu and his government will take any notice. and it's against his his political views it's a consist conception konami conception this guy has a free market view we does not teach these are the system we have been in on a welfare state for so many years he came into power in the last you know fifteen years ago and he changed the system and i think that he doesn't get the lesson very
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well he thinks that political movements are behind these demonstrations whereas these people come from their home and they do it in the most you know a clean way regardless of price didn't ring for the first start this demonstration that has no right wing or left wing views it is most of the mainstream israelis who feel so bad about how they live and they go to the street like tonight and maybe next week and i don't think mr netanyahu gets the right view of this demonstration he thinks that political parties are behind it and he's wrong ok this is the other the third week and they're saying it might continue until next week so many people camped out on the street. why do you think the international reaction has been rather subdued. well you know we must tell you as in the knesset member we expected september to be the black september for us you know the un the vote on recognition of the palestinian state everything
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in israel was really directed to that september suddenly the problems come from home and and we think that the the international reaction people are shocked as to the scenes seen in tel aviv they thought that egypt has a problem in the arab world has a problem didn't think that israel might encounter such problems like in the middle east which shows you that we are all part of the middle east we're all part of this social event happening in the middle east and other countries and which which gives you the proof that israel is part of this area and maybe the international community should pay more attention as to what's happening on the social problem in israel ok thank you very much your insight there daniel ben-simon from israel's opposition labor party thank you. and on our website you can get more reports right
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from the epicenter of the demonstrations in israel all activists and journalists say it with hardly any global media attention the government can easily ignore the pressure to improve living standards more on this story online at r.t. dot com. british intelligence services have allegedly been violating international law for almost a decade a leaked top secret document suggests that agents were permitted to use information taken from prisoners 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 human rights activists are demanding an open and fair inquiry but fear that any questions will
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be met with a wall of silence. from amnesty 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 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 that supposed to be getting information to the public about what's been going on very much they will say 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. tens of thousands of japanese refugees who faced the triple horror earthquake tsunami and nuclear crisis now have another worry their fellow citizens thomas reports from japan. caught in
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limbo left without a home and at the mercy of government welfare just to eat you know 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 song those who have chosen to seek safety for themselves have been accused of betrayal by those left behind by the
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want but 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 but some of them feel we're privileged unspoiled others thing there is no danger and we need to go back soon but i am lucky and aside from the pressure to move back home they are enduring additional torment in a cultural form of survivor's guilt as well so there is a there's a typical japanese reaction to blame their sails and he 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 book equals the. survivors like swear 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 jordan and i don't think of it lasting forever i just want to live my life for me but when i think of the graves of our grandparents or people that brought us up i
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feel sad to leave the lakes that were up and that much. in japan sean thomas r.t. . and next he travel thousands of kilometers east of moscow but millions of years back in time. we're in the far eastern more region it's rich geology has an abundance of precious and valuable battles which is driving its industrial expansion but artie's alice however has made one team whose treasure lies not in gold but in bones this week the russia close up team is coming to you all week from the far east and more region now for many this region's distinctive jews who its proximity to china and its fullness reserves of war materials and natural resources but the 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 map. you evil lot
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ski is a man obsessed with the populist a bygone age when dinosaurs ruled this part of russia he may have been born in the countries that western areas but it's the far east on tap jurassic history in the a more religion to which he's devoted his adult life to mr necker very near this site to be known since about nine hundred forty eight that would have been unbelievable number of bones are buried here and i think will be digging for at least another two years or so they're literally everywhere here the ammo region is looking up one of the few functioning archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of a new breed of dinosaur a lot a ton or giant swan a twelve mr long heard of or found almost exclusively here and it was you the son who first stops at the fragment of tail bone sticking out of the
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father and son went on to make paleontology history van 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 or him or the ground around it from a foreign your your current. where a girl for very slow because zero can be more balanced in the ground around it. well why is it. yuri and his team have 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 will most likely be fragments of another giant duck billed plant eater unique to the region and named in its honor the are more
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saurus is another previously undiscovered breed credited to team the lot skee which includes natalia also as scientists it was she who came up with both dinosaurs names as well as taking day to day charge of running the region's only paid tonnage of the burra tree and museum each new discovery missed be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hundreds we will soon not want ensuring the family's feats don't go i'm remembered for that. one up here you can see a photo of your boat ski at the excavation site and here you see photos of i'm going to soras this is the skeleton of and worse or else what a strange looking reptile isn't it and so learn from the follies of history as mars and this is charles marsh an american poli until august in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in
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russia and everyone believed him yet luckily u.-t. belong comes from a long line of scientists who chose to follow their own instincts and secured a more as place in the history books as one of the world's foremost sites for paleontology it was their determination and no small amount of digging that revealed a dinosaur jackpot alice a bit r.c. the more regions. now if you or i get into debt the bank is on our backs without delay well usually yet it's only now that america which owes trillions is seeing its credit score decline on my talk show host laura harshness asked people in new york why americans are so keen on borrowing. why do you 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 the brand new car the star lifestyle and that's what they want is so much advertising
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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 it's all about thinking yes i think so is it worse for you to be into personally 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 we 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 should show leadership show they've got to clean it up do we really expect our government to get its act together if we can't get our.

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