tv [untitled] August 6, 2011 4:00am-4:30am EDT
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the biggest issues get the voice face to face with the news makers on the. hill is on our team just when the u.s. thought it was dealing with its debts its delta global a credit score and loses its hollowed aaa crown and i'll shine as weighing in america's biggest creditor signals it's time to ditch the dollars. israel gears up for another round of protests the biggest in decades as people rage against a government that they say has abandoned them. and we travel to russia's drastic park in the remote part eastern hour we will be with these of dinosaurs were discovered.
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twelve noon in the russian capital you're watching our thanks for joining us the united states prize top the aaa credit rating has been cut for the first time ever started of course has dropped america's ranking to a double eight plus now the destructive force is the a crippling debt which congress has struggled to agree on how to tackle but only an eleventh hour deal to raise the amount allowed less and he says that's not enough and falls far short of what's needed to stabilize the government's runaway borling but the obama administration says the valises is way off and will damage any recovery artie's lucy capital is in washington following developments for us. it really is more than anything a huge or symbolic and unprecedented glow to the united states to its status as a safe investment basically what this credit rating lowering does it is it really
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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 sends a 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 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
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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 ended up 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 economy the. maybe 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 it actually
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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 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 effect in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states a global business expert george who told our t.v. that the credit reduction is a signal to politicians to stop playing political games. it's a strong message to the politicians in congress as well as the white house that they better deal with this problem seriously and not play politics it's really a matter of matter. can the u.s.
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afford to pay that debt because us it's always paid it by printing more money and that's been historically the chase what's different about this time is that the members of congress choose to troll and hold the ceiling hostage to other issues issues having to do with taxation and spending and title and so on and so forth and they're not able to reach any color on those other issues and therefore they decide to pay chicken or traits you know they brinksmanship on the air on the national debt and i don't think they fully appreciate the damage that this group has done to to the british peace of the united states holding out a congressman for growth told on t.v. when america's financial recovery plan was doomed from the start. we've had twenty
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years of being told that 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 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 the. whole china is now strongly dramatic the united states sorts itself
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out and it's still well beijing has got a major interest because it's america's biggest creditor and by a large margin well even so china is making it clear that maybe it's time for a new reserve currency instead of the dollar i d's preassure reader is the nation'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 is 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 they're seeing a lot of decisions not specifically being made when it comes to that two point four trillion dollars in cuts
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a lot of people are wondering if it told us this along to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where to cut and asia has a very vast interest in this if you think about what these ratings actually means that means of 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 well asian investors are getting on the back of what's been a tough week for america's economy jim rogers the vaughn's. 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 low recession unemployment in america is still higher than it was in two thousand and eight the american dead is skyrocketing going through the dead but through the roof america is in worse shape now than it was before america spent a lot of money and people who got bad money are better off but the overall
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situation is much worse america's quadrupled its dead america if you take in they consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better we will either inflate pay people back in worthless money we will inflate it away we will change the rules we will put on exchange controls of ish or 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 powder came out too late to hit your of stock markets but it had already taken hammering this week being battered by the euro zone and america's debt difficulties there are thousands daniel bushell is monitoring the fallout hostels so that yellow what represents will this have for europe's economy. we used downgraded trust in the rating agencies to junk status. standard and poor's the
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agency admitted a two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them that triggered an emergency meeting in the middle of the night with european partners to decide whether to go ahead with this downgrade or not in the event they didn't really surprise people here because most know that the most because those had unsustainable that for many years now what everyone apart from the rating agencies it seems and the collapse in the credit crunch they still had aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggered the world recession that followed. the rules of furious about s. and p's double standards they held with the white house before this decision they grease them about it when it would take place what would happen and that's allowed the white house to prepare a smooth response to the media or even question the agency's judgment none of that
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happened last week when the agencies graded the european union countries and their ratings now that suggests that the agencies are inconsistent to say the very least and as a result the european union is creating its own agencies although this downgrade is bad for americans who will see themselves having to pay more and more interest on their loans and having to pay more. is bad really for everyone around the world who lend money to america because it raises the risk of them not getting that money back ok thank you very much for that report. monitoring developments there from. one a small a debt for a man one giant black hole for government later we're in new york to ask what's the difference between our debts those of our leaders. it's much worse for a government to be in debt why because we trust the government to do the right
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thing and they're doing absolutely opposite of that we do you trust yourself to do the right thing and live within your means i do but i mean dad so that i can pay it off for more views on the white 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 and real top secret document shows a british officers were encouraged to weigh up how much the torture of prisoners depending on how much information they could get was. a discontented israel showing no sign of abating with protesters planning a third weekend of social protests one tel of the street has already been renamed by song as your square which was the site of egypt's uprising as artie's calls leader 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 civil service cities around the country where they'll be holding mass rallies against the government there hoping to top the one hundred fifty thousand nationwide who took to the streets last weekend this is the third saturday in a row that protest all the polls there are united under the banner of the government has abandoned the people and the central message coming from organizes is that the people are taking the country that now the concert night is for demonstrators to march on what's top of all of the business office we came to the city has been established the final discrimination is not far from here at that period defense compound and there will be holding a mass rally presenting a number of demands on the government of civil speakers several popular singers also craze 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 of free education for all i did another demonstration just yesterday with hundreds of parents with strollers took to the streets and they were protesting against the wizened costs and the right cost of having tools and feeling as well the israeli prime minister. has 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 turn off 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 so to see on t.v. television. all knesset member simon says prime minister netanyahu doesn't realize the protests are rooted in public rage and not for political rivals. people
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here yelling out shouting us being in the streets and talking about tens of thousands he once had a police shooting or beating the protestors it's a very polite it's very strong very polite as to how can change the policy of the government and how to have a better life in israel for the time being they have not beat anyone did seem to last through a few 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 unemployment 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 their lives and they go to the street like tonight and maybe next week and i don't think mission a ten year old gets the right view of this demonstration and think that political parties are behind it and his rock. along our websites and get more reports right
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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 that they could get they were also given political protection from prosecution and human rights activists are demanding an open and fair inquiry but they fear that any questions will be backed with a wall of silence as terrible for having to see international explains. well 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's 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 what it does in the future learn from the lessons of the past. as supporters of ukraine's a former prime minister yulia tymoshenko have clashed with police in the center of kiruv after a judge ordered her arrest for contempt of court she has been on trial since june over alleged misuse of power while signing gas deals with russia in two thousand and nine which are charges she denies of her supporters called the case politically orchestrated by the country's president because he got a call that they tried to block the armored vehicle taking the shanker to the place of her detention but it worked dispersed by police. have a look at other world news and brief now fresh clashes in syria have seen at least ten die as government forces rounded on protesters in the city of how mark a six day crackdown has killed around two hundred people rallies intensified after the first friday prayers since the start of the holy month of ramadan international
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condemnation of the violence is growing and the u.s. is working on a new ways to influence the situation beyond the sanctions. killers government says it arrested almost nine hundred people during a violent protest which also saw ninety police officers injured the students and teachers were taking part in the latest demonstration for universal free education they barricaded streets with burning tires and occupied a t.v. channel to rally broadcast their message has been a series of large education rallies in recent weeks. trifle in a on its way to china leading to more than two hundred eighty thousand people to evacuate to safety into eastern coastal provinces the storm has 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. but next to travel
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thousands of kilometers east of moscow but millions of years back in time. today we're in the far eastern eye wall region it's rich geology has abundance of precious and valuable metals which is driving its industrial expansion but artie's alice never has met one team whose trash or lies not of gold and bones. this week the russia close up team is coming to you all week from the far east in our more region now for many this region's distinctive juice to its proximity to china and it's not 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.
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lot of ski is a man obsessed with the past a bygone age when dinosaurs ruled this part of russia he may have been born in the country's north and western areas but it's the far east untapped jurassic history in the region to which he has devoted his adult life. this side to be known since about nine hundred forty eight an unbelievable number of bones are buried here and i think will be digging for at least another two years they literally everywhere here the animal 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 or laura to town or giant swan at twelve mr long have all found almost exclusively here and it was you the son who first opposite of fragments of tail bone sticking out of the father and son went on to make
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paleontology history a 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 remove the ground around it from a foreign. your current. where a girl who are slow because it can be more in the ground around it. why is it. yuri and his team have been excavating this site for the past three 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'm yet to be found within this small plot alone i am told that bees will most likely be fragments of another giant duck eld plant eater unique to the region and named in his honor they are more saurus is another previously undiscovered
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breed credited to team a lot ski which includes an italian 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 paint for a tree and museum each new discovery mystery carefully catalogued and examines the aim is to inspire the next generation of dinosaur hunters was one ensuring the family's feats nonmember that. you can see a photo of your blood ski at the excavation site and here you see photos of i'm going to soras this is a skeleton of an annoyance or else what a stray hooky wrecked i was and it lands to learn from the follies of history lives and this is charles marsh an american billion dollar just in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in russia and everyone believed him yet luckily unity belongs comes from
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a long line of scientists who chose to follow their own instincts and secure 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 part alice a bit arty the more regions. fewer i get into debt the bank is on our backs without delay yet it's only now that america which australia is seeing its credit score declined our lives talk show host laura harford has asked people in new york why americans are so keen on borrowing. think so many people out themselves to get sober 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
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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 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 get such that i can pay it off get is dead it's bad for governs best for individuals and the government should show leadership show they 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 hold individuals and the government will step up and make
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the. last time the close of team was in the cool gum region the men flock from all over the world saga few centimeters to their self-confidence. this time archie goes to the on the regex for the gold rush still gets people like joe cooks or an ancient tribe fights to save its culture the cranes are protected and the first ten dogs on official nature reserve. come to the region the bush will close up on r.g.p. .
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