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tv   [untitled]    August 6, 2011 5:01am-5:33am 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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top stories on our team just when the us thought it was dealing with its debt it's dealt a blow by a credit score and loses its hallowed aaa crown on out china's weighing in america's biggest creditor signals it's time to ditch the dollar. israel gears up for another round of bounce protests the biggest in decades as people rage against a government they say has a bad. travel to russia's drastic market the remote far eastern eye wall region will be dinosaurs were discovered.
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one pm here in the russian capital you're watching r.t. now 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 the destructive forces a crippling debt which congress has struggled to agree on how to tackle with only an eleventh hour deal to raise the amount allowed s. and p. says that's not enough and falls far short of what's needed to stabilize the government run away far away but the obama administration says the analysis is way off and will damage any recovery arteries lucy catherine off as it washington for us well it really is more than anything a huge a symbolic end on precedent. a 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 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
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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 that appeal 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. 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 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 u.s. based business expert george who told our t.v. credit score reduction is due to political bickering on capitol hill which is bringing everyone else down. it's a 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 a matter of a matter. can the u.s. afford to pay the debt because us 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 it with taxation and spending and title amendments and so on so forth and they're not able to reach any of coal or 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 right now to connell's richard wolffe told our team that 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 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 while china is strongly demanding the united states sorts itself out
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and soon they just got 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 r.t. spree a shooter is the nation's third largest economy in 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 they 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 in cuts 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 but typically 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 jim rogers says they're ditching bonnes. 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 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 would change the rules we will put on exchange controls of 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 downgrade it came too late to hit here of stock markets but it has already taken a hammering this week being battered by viewers zone and markets death difficulties on tuesday a bushel is monitoring the fallout in brussels. we used downgraded trust in the rating agencies to junk status. as the agency admitted a two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them hasn't really surprised people here
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because most know that to merge 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 triggering the world recession that followed. the rules of furious about s. and p's double standards they held long talks 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 their ratings now that suggests that the agencies are going to say the very least and as a result the european union is creating its own agencies will do this downgrade for
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americans who will see themselves having to pay more more interest on their loans and having to pay more debts is bad really for everyone around the world who lend money to to america because it raises the risk of not getting that money back. well one small debt for man one giant black hole for a government later or a new york to ask what's the difference between our debt and those of our leaders. who much work for government to be and why because we trust the government to do the right thing they're doing absolutely the opposite of that but do you trust yourself to do the right thing and live within your means i do mean dad so that i can pay it off more views on why people and governments backs out their credit and how to set things straight that's coming up in a few minutes. and a painful balance top secret document shows british officers were encouraged to
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weigh up how much they torture prisoners depending on how much information they could get. their discontent in showing no sign of abating with protesters planning a third weekend of social protests want tell of the street has already been renamed by some as to where square which is referring to the site of egypt's uprising as artie's 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 civil 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
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for demonstrators to monitor what's top with the ball with the british consul we came to the city has been established the final destination is not far from here at the curia defense compound and there they'll be holding a mass rally because into a number of demands on the government of the civil speakers several popular singers also kurds 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 was also another protest among teachers university professors and students and they were united under the banner i mean if you're patient for all and another demonstration just yesterday we hundreds of parents with strollers took to the streets and they were protesting against the wizened costs and the high costs of having children feeling as well the israeli prime minister. has been surprised by the massive supports these demonstrations and his government is still struggling in
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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 to see allah to be to love of. knesset member daniel ben-simon one says a prime minister netanyahu doesn't realize a protester rooted in public rage and not from political rivals. people hear yelling shouting are sleeping in the street i'm talking about tens of thousands if you want see the police shooting or beating the protestors it's a 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 and three weeks i don't think it will be different in the coming weeks
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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 all of their lives 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 demonstration he thinks that political parties are behind it and he's wrong. and our website get more reports right from the epicenter of the demonstrations in israel or activists and journalists say that with hardly any global media attention the government can easily ignore the pressure to improve living standards for more on this story online at r.t. dot com.
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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 is a regime as an active program to acquire and develop nuclear weapons and let there be no doubt about we know for a fact that there are weapons 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 and provide. david kay he 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 on six hundred million dollars to fund
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a continuing search have not yet found shiny pointy things that i would call a weapon before we can draw from conclusions we need to let the iraq survey group complete its work. we were all wrong probably in my judgment. and that is most disturbing. sometimes the true patriots takes the unpopular caress that helps the country and wooden stakes and even if they come this way at least for the time and 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 but i think it's perilous so they're attacking the patriotism of other.
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welcome back british intelligence services have allegedly been violating international law for almost a decade only top secret documents suggest 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 and human rights activists are demanding an open and fair inquiry but fear that any questions will be met with a wall of silence is terrible for 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 surrounded the inquiry much of the inquiry is going to take place behind closed doors and no information will be
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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 about what's been going on very much hope that they will see that there will still be an inquiry which is open and thorough and transparent and i think if there is a full open inquiry and lessons are learned from that then the u.k. can restore its reputation in the world by then making sure that what it does in the future learn from the lessons of the part. and supporters of ukraine's former prime minister yulia tymoshenko have set up a tent camp in the center of the capital to hear of it continued protest against 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 these are charges she denies her supporters call the case politically orchestrated by the country's president we thought you had a cold which they rallied on friday trying to block the armored vehicle taking to go to the place of her detention but were dispersed by police. let's have
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a look at other world news in brief now fresh clashes in syria have seen at least ten die as government forces rounded on the protesters in the city of hama six a crackdown has killed around two hundred people rallies intensified after the first friday prayer since the start of the holy month of ramadan international condemnation of the violence is growing and the u.s. is working on new ways to reinforce the situation beyond sanctions. sheilas 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 of the latest demonstration for universal free education they barricaded streets with burning tires and occupied a t.v. channel demanding it broadcasts their message there have been a series of large education rallies in recent weeks.
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typhoon a movie fire is on its way to china leading to more than two hundred eighty thousand people to evacuate to safety and to eastern coastal provinces the storm has already hit the philippines taiwan and japan severe damage is expected to thousands of fishing boats have been called into shore ed of urgency crews are on standby. and next to travel thousands of kilometers east of moscow but millions of years back in time. were in the far eastern a more region it's rich geology has an 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 rush a close up team is coming to us all week from the far east and more region now for
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many this region's distinctive jews who its 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 region firmly on the map. you evil of ski is a man obsessed with the power of a bygone age when dinosaurs rule 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 i'm norwegian to which he's devoted his adult life to restore her very near this site 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're literally everywhere here the ammo region is located one of the few functioning archaeological sites only here can a site boast of having produced
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a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of a new breed of dinosaur a lot or to tan or giant swan at twelve mr long herbivore found almost exclusively here and it was you the son who first spotted the 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 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 horrid euthanize your your current. we're a girl who are slow because. more bones 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
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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 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 paleontology the burra 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'm
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going to soras this is the skeleton of an annoyance or else what a strange looking wrecked i was in 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. 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 jampot alice a bit arty the more region. back to the us and the death drama that seen it stopped your credit rating take a mark if you want to get into debt the back is on our backs without delay yet it's only now that america which australians is seeing its credit score decline talk show host laurie harford as ask people in new york why americans are so keen on
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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 wanted 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 the opposite of that but don't you trust yourself to do the right thing and live within your means i do but i'm in debt such that i can pay it off debt is dead it's bad for governments bad for individuals and the government 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. all the back with a recap of the headlines in just a few moments to stay with us here in our.
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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 hiked up. her an ancient tribe fights to save its culture cookware cranes are protected in the first
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and only on official nature reserve. to the original. bush a close up on our t.v. . news today violence is once again flared up to fill these are the images the world has been seeing from the streets of canada. shine corporations are on the day. to come.
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all going back this is our team now let's have a look at our top stories today just when the u.s. thought it was dealing with its debts it's dealt a blow by a credit score and loses its hollow triple crown and that china's weighing in america's biggest creditor signals it's time to ditch the dollar. gears up for another round of mass protests the biggest in decades as people rage against a government they say has abandoned them. and a painful balance only to top secret document shows british officers were encouraged to weigh up how much they torture prisoners depending on how much
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information they could get.

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