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tv   [untitled]    August 6, 2011 4:01am-4:31am EDT

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all. for the feel we've got. the biggest issues get voice face to face with the news makers.
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or isn't our team just when the us thought it was dealing with its debt its dealt a blow by a credit score and loses its hallowed aaa crown and i'll chime in as weighing in america's biggest creditor signals it's time to ditch the dollar. israel gears up for another round of massive protests the biggest in decades as people rage against a government that they say has abandoned them. and will travel to russia's drastic park in the remote far eastern of more of the. needs of dinosaurs were discovered.
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twelve noon in the russian capital you're watching r.t. thanks for joining us the united states prize top the aaa credit rating has been cut for the first time ever standard and poor's has dropped america's ranking to a double a plus now the destructive force is the a crippling debt which call for us has struggled to agree on how to tackle with only an eleventh hour deal to raise the amount allowed less obese as that's not enough as it 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 and will damage any recovery. is in washington following developments for us. it really is more 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 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 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 security is that essentially in a 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 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. i mean 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 the 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
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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 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 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 said they'd better deal with this problem seriously and that play politics it's really a matter a matter. can the u.s. afford to pay the debt because u.s. it always paid
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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 or 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 coal or on those other issues and therefore they decide 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 although not economist richard wolfe told our team that america's national 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 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 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 china is now strongly demanding be united states sorts itself out and it still will beijing has got
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a major interest because it's america's biggest creditor and by a long margin believe in so china is making it clear that maybe it's time for a new reserve currency instead of the dollar hardy's korea shooter 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 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 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 well asian investors are getting on the back of what's been a tough week for america's economy jim rogers says the 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 of 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 quadrupled its dead america if you take in the
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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 would change the rules we will put on exchange controls obey sure 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 and better all the downgrade came 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 in hostels so dad you know what representable this have for europe's economy. we used downgraded trust in the rating agencies to junk status. standard and poor's the agency admitted a two trillion dollar miscalculation when deciding this downgrade they claim to
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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 did that hasn't really surprised people here because most know that america's has had unsustainable that for many years now well everyone apart from the rating agencies it seems and the day before firms collapsed 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 briefed 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 and even question the the agency's judgment none of that happened last week when the agencies graded the european union countries and
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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 will do this downgrade for americans who will see themselves having to pay more more interest on their loans and having to pay more on that 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 brussels thanks. well 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 debt those of our leaders. to much worse for government to be and why because we trust the government to do the right thing they're doing absolutely opposite of that would do you trust yourself to do the right thing and
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live within your means i do mean dad so that i can pay it off 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 a real top secret document shows a british officers were encouraged to weigh up how much they torture prisoners depending on how much information they could get. a discontented ease rails showing no sign of abating with protesters planning a third weekend of social protests one tel of the street has already been renamed by some as dr your square which was the site of egypt's uprising and as artie's polis leader 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 they're hoping to top of the one hundred fifty
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thousand nationwide who took to the streets last weekend this is the third saturday in the rose protests 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 up what's taught with the ball with the british consul we came to the city has been established the final destination is not far from here at that period defense compound and there they'll be holding a mass rally presenting 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 has 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 was also another protest among teachers university professors and students and they
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were united under the banner 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 families well the israeli prime minister. has been surprised by the massive supports 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 offer 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 want to see on t.v. television. all knesset a member of a simon says prime minister netanyahu doesn't realize the protests are rooted in public rage and not from political rivals. people here yelling out shouting are skipping in the street i'm talking about tens of thousands you won't
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see the police shooting or beating the protesters it's very polite it's very strong vested 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 one the ploy of it 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 how they live and they go to destroy it like tonight and maybe next week and i don't think mr netanyahu gets the right view of this demonstrations he thinks that political parties are behind it and he's wrong. well on our website and get more reports right from the epicenter of the demonstrations in israel or activists and journalists say it with hardly any
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global media attention the government could easily ignore the pressure to improve living standards for more on this story online at our t.v. dot com.
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back this is r t british intelligence services have allegedly been of violating international law for almost a decade a leaked top secret documents suggest that agents were permitted to use information taken from prisoners under duress overseas officers were asked to balance how much
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they expected detainees to suffer against the value of the information that they could get they were also given political protection from prosecution or 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 terror to see international explains that 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 it's very worrying for an inquiry they're supposed to be getting information to the public about 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 in the u.k. can restore its reputation in the world by then making sure that what it does in the future learns from the lessons of the past. supporters of ukraine so former
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prime minister yulia tymoshenko have clashed with police in the center of q after a judge ordered her arrested 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 victor you have a call which they tried to block the armored vehicle taking to go to the place of her detention but were 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 hamas' a six day crackdown has killed around it two hundred people rallies intensified after the first friday prayers since the start of the holy month of ramadan international 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
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says it arrested almost nine hundred people during a violent protest which also saw it 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 demanding a broadcast their message there has been a series of large education rallies in recent weeks. typhoon 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. and next to travel thousands of kilometers east of moscow but millions of years back in time.
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today we're in the far eastern a mood region its rich geology has an abundance of precious and valuable metals which is driving its industrial expansion but artie's alice hebert has met one team whose treasure lies not in gold but in bones. this week the rush of close up team is coming to us all week from the far east and more region now for many this region's distinctive jews who it's proximity to china and its vast 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 wheaton firmly on the map. u.t. below is a man obsessed with the past a bygone age when dinosaurs rule this part of russia he may have been born in the
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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 to restore the curvilinear this site been 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're literally everywhere here we are no region is located 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 twelve mr long heard of or found almost exclusively here and it was you the son who first spotted a fragment of tail bone sticking out of the father and son went on to make paleontology history van has since followed in his father's footsteps it's
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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 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 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 am 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 last ski which includes notes hal you're also a scientist it was she who came up with both dinosaurs names as well as taking day
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to day charge of running the region's only paid into the bora tree and museum each new discovery must be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hunters was one ensuring the family's feats don't go i'm remembered for that. here you can see a photo of your blood ski at the excavation site and here you see photos of i don't know stores this is the skeleton of an immoral saurus what a strange looking reptile isn't it and to learn from the follies of history is miles and this is charles marsh an american barely 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. belonged 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
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paleontology it was their determination and no small amount of digging that revealed a dinosaur jampot alice a bit arty the more region. if you or i get into debt the back is on our backs without delay yet it's only now that america which owes trillions is seeing its credit score decline online talk show host laura harford has 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 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
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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 in debt 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 but don't you trust yourself to do the right thing and live within your means i do. 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 and 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
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within our means. all right i'll recap our top stories for you in a few moments to stay with us on r.t. . the.
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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 region. for the gold rush still gets people hyped oak. for an ancient tribe fights to save its culture. where cranes are protected in the first and dumped on official nature reserve. to the average of. russia close up on the r.t. .

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