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tv   [untitled]    August 6, 2011 3:01am-3:31am EDT

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all. for the feel we've got. the biggest issues get. face to face with the news makers.
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is on our team just when the u.s. thought it was dealing with its debt it's dealt a blow by a credit score and loses it's how the ripple a crown all that china is weighing in america's biggest creditor signals it's time to ditch the dollar. israel gears up for another round of mass protests the biggest in decades as people rage against a government that they say has a bad day. and that we travel to russia's drastic park in the remote far eastern movie where new breeds of dinosaurs were discovered.
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just after eleven am here in moscow you're watching our team now to our top story the united states prize top aaa credit rating has been caught for the first time ever started and poor's has dropped america's ranking to a double a plus of the destructive forces the crippling debt which congress has struggled to agree on how to tackle with only an eleventh hour deal to raise the amount allowed us and he says that's not enough and falls far short of what's needed to stabilize the government's runaway burra way but the obama administration says the analysis is way off at will damage and the recovery. is in washington following developments for us. it really is. than anything a huge a 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 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
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american people for the u.s. government could be severe now while this only takes it down from 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 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
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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 securities that essentially in the pub 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 news. ending 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 the united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given
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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 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. that the a credit reduction is a signal to politicians to stop playing political games. strong message to the politicians in congress as well as the white house said they better deal with this problem seriously and that play politics it's really matter a matter. can the u.s. afford to pay the debt because us it always paid it that by printing more money
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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 or issues having to do with 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 already out economist richard wolfe told our team but america's financial 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
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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 and china strongly demanding the united states sorts itself out and soon well beijing's got
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a major interest because it's america's biggest creditor and by a long margin or even so china is making it clear that maybe it's time for a new reserve currency instead of the dollar artistry a shooter is in asia's third largest economy india with more of the region's concerns. 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 seeing a lot of decisions not specifically being made when it comes to that two point four trillion dollars and cause a lot of people are wondering if it took the u.s. this so long to come to a decision just to raise the debt ceiling how much longer could it take to actually
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figure out specifically where to cut and 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 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 gibralter says ditching bonds. 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 has skyrocketed and gone through the dead but through 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 quadruplets dead america if you take in that
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consider the things that they guarantee they printed huge amounts of money you know 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 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 the down came out too late to hit europe stock markets but it has already taken a hammering this week being battered by the euro zone and america's debt difficulties all artes that a bushel is monitoring be a fall out process. as a former white house they were told they made a trillion dollar mistake in their calculations they scrambled to get with your report on the work involved in an emergency meeting in the middle of the mud
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admitted they had learned the mistake and then went ahead live anyway but really us credit rating agencies will be around the world here in europe for many years because they still are truly ratings all they believe collapsed in the credit crunch the agencies lost their roots asian people lost their savings and the war slid into recession is also if you're in europe as in these. the agency had a long talk with the white house the about this downgrade and so all along given assurances per head is responsible question the agencies decisions know what happened when they recently downgraded countries here in the european union all schools greece and all of those or all that suggests that ratings agencies are inconsistent and the e.u. is no creating its own agency in any case there are going to lose problem area which will have to pay much more interest only it's already unsustainable that book people around the world who hold up their people in asia europe which you know
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looks much more shaky. and one small debt for a man one giant black hole for the government later and new york we ask what's the difference between our debt those of our leaders. much more 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 but don't you trust yourself to do the right thing and when within your means i give back and dad such that i can pay off all our views on why a people and governments max out their credit and how to set things straight that's coming up in a few minutes. at a painful balance l.x. top secret document shows british officers were encouraged to weigh up how party. torture prisoners depending on how much information they could get. a discontented easy elza showing no sign of abating with protesters planning a third weekend of social protests while the television the street has already been
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renamed by song as dr square which was the site of egypt's uprising as artie's of policy or reports the number of protesters is growing steadily. places today 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 there 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 to mock what's taught with the ball with the basic concept we maintained that he has been established they funneled this nation 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 populist
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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 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 binyamin had been surprised by the massive supports these demonstrations and his government is still struggling. sense of how to deal with in this instance what it can get some people feeling is all saying is that netanyahu was so obsessed with gathering intelligence for the third tell it from the mediterranean missed the opportunity to see what was happening. under his eyes
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. set of of. all knesset member a daniel ben-simon as a prime minister netanyahu doesn't realize the protests are rooted in a public rage not from political rivals. people here yelling shouting are sleeping in the streets and talking about tens of thousands you won't see the police shooting or beating the protestors it's a very polite it's very strong 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 three weeks i don't think it will be different in the coming weeks this is a strike of history professionals it's not of unemployed people we have almost no in the ploy that but you do everything and see if you cannot have a decent life this demonstration that has no right wing or left wing views it is most of the mainstream israelis who feel so bad about all of their lives and they
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go to destroy it 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. more reports right from the epicenter of the demonstrations in israel practical sense journalists say that with hardly any global media attention the government can easily ignore the pressure to prove living. more on this story on live dot com. 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
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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 there. this we're just being carried out into the direction of dr david kay respected scientist and former u.n. inspector was leading the weapons search in iraq we are determined to take this apart we have a tremendous a group of dedicated american men and women involved in this with the best assets of the intelligence community can provide. david cheney is not going to be done with this for quite some time david kay wants more time and he says it could take another six to nine months to make a definitive finding ministration is asking congress for hundreds of millions more million dollars to fund a continuing search. shiny pointy things that i would call a weapon before we can draw from conclusions we need to let the iraqi survey group complete its work. we were all wrong probably in my judgment.
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and that is most disturbing. sometimes the truth. takes the unpopular course but it helps the country of origin states. and even if they call this way at least they tried 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 the. hungry for the full story we've got. the biggest issues get a human voice face to face with the news makers. welcome back how british intelligence services have allegedly been of violating international law for almost a decade a leaked top secret documents suggests agents were permitted to use information
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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 they fear that any questions will be met with a wall of silence as tara lile 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 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 it's very worrying for an inquiry that 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.
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can restore its reputation in the world by then making sure that those in the future learn from the lessons of the process. let's have a look now at other world news in brief fresh clashes in syria have seen at least ten that die as government forces rounded up protesters in the city of hama the six day crackdown has killed around two hundred people now rallies are intensified after the first friday prayers since the start of the holy month of ramadan and international condemnation of the violence is growing and the u.s. is working on new ways to influence the situation beyond the sanctions. in a celebratory mass has been held to mark the rescue of thirty three miners who were trapped half a mile underground a year ago man they carried an image of the virgin mary for fifty kilometers from the isolated to mine that has been closed since the miners' rescue of the trapped men it became known as this said were dropped for sixty nine days but all were
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rescued safely and it was washed by t.v. audiences worldwide. at typhoon we thought it's way to china leading to more than two hundred eighty thousand people to evacuate to safety into eastern coastal provinces the storms have already hit the philippines taiwan and japan severe damage is expected thousands of fishing boats have been called into shore and emergency crews are on standby. and next we travel thousands of kilometers east of moscow but millions of years back in time. today we're in the far eastern a more region has rich geology has abundance of precious and valuable metals which is driving its industrial expansion but artie's alice hibbert has met one team whose treasure lies not in gold but in bones. this week the russia close up team is
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coming to you all week from the far east and more region now for many this region's distinctive juice to its proximity to china and its 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. u.t.v. lot ski is a man obsessed with the promised a bygone age when dinosaurs rule this part of russia he may have been born in the country's new western areas but it's the far east untapped jurassic history in the region to which he has devoted his adult life to mr necker very near to this side to be known since about nine hundred forty eight there would have been unbelievable number of bones are buried here and i think we'll be digging for at least another two years there literally everywhere here the ammo region is looking at one of the
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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 town or giant swan at twelve minutes a long herbivore found almost exclusively here and it was here the son who first stops at the fragment of tail bone sticking out of the father and son went on to make paleontology history of and 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 probably forage for your your current and. where a girl for very slow because zero can be more balanced in the ground around it. why is it. yuri and his team have been excavating this site for the past three
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years and already they found well over one 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 his honor the are more saurus is another previously undiscovered breed credited to team the lot skee which includes natalia also a scientist 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 to the board tree and museum each new discovery must be carefully catalogued and examined the aim is to inspire the next generation of dinosaurs hundreds of this was do not want ensuring the family's feats don't go i'm remembered for that. here you can see
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a photo of your blood ski at this creation site and here you see photos of i'm going to soras this is the skeleton of an annoyance or else what a strange director isn't it and so learn from the follies of history charles miles 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 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 secure 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 alison r.c. the more regions. if you are right get into debt the bank is on our backs without delay yet it's only now that america which shows trillions is seeing its credit score decline all our talk show host laurie harmfulness asks me full of new york
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why americans are so keen on bora way. 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 that the 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 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 in that. it's much worse for a government to be and why because we trust the government to do the right thing
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and they're doing absolutely we 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 so it's 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 act together for small families 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. of the movie version world's high flyers will be in moscow later this month and our team looks ahead in a few minutes that's after a recap of the headlines in just a moment.
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the history of this place runs through the centuries. a paradise for archeologists zoo all ages and ecological tourists.
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what one fateful night shots destroyed the harmony of life. how this republic got its life back. hoping dreaming and returning. to. download the official antti of location to i phone or i pod touch from the i choose amps to. watch on t.v. life on the go. video on demand r.t.s. my old costs and r.s.s. feeds now in the palm of your. question on the ati dot com.

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