for the first time since nineteen seventeen standard and poor's has dropped america's ranking to double a plus this comes after a last minute debt deal earlier this week narrowly rescued the country from default i simply says the spending cuts agreed upon by congress are one and a half trillion dollars short and if it's not changed the rating could plummet further in the coming years but the obama administration says the analysis is a way off and will damage any recovery. you can find off is in washington. well 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 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 is that is the message that the united states is a risky investment that could send interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates can go up car interest rates can go up and really the rest of the u.s. economy could be severely affected now one thing that we do have to keep in mind here is that the obama administration had pointed out that the s. and p. had made an error of about two trillion dollars in. projections in releasing that information now the s. and p. doesn't make these decisions based on any sort of special information they really it really is a political reaction based on facts that are available to just anyone and so the other thing we have to keep in mind here is that these same credit ratings agencies essentially allowed top ratings to continue in the united states at

a time when we were investing a lot of money in these mortgage securities that essentially in the poll lapsing and pulling down the u.s. economy with it so they don't really have all of that much credibility in the eyes of the world market still however we don't know what will happen come monday when the markets will open and if those interest rates do rise there could be a root ball at this very unstable economic time here in the united states with the passage of this debt deal the u.s. government's hands are essentially tied in terms of stimuli. in the economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth had stalled to almost a crawl in the second half of the year we saw on top of that the jobs report that came out on friday for united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given up looking for work so politically there's really not that will in washington to do what's needed to stimulate growth and financially they simply do not have the tools

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. lucy kind of reporting that grigori book and i'm for russia's invest cafe agency says the downgrade simply put was inevitable i think it should have happened first of all the crazy agencies are trying to retain credibility and because many investors criticize them over the fact that they haven't recognized the risks with the world economy with the current crisis and i mean this is the downgrade reflects the fundamental problem with the american economy that they're living beyond their means increasing the debt running huge budget deficits and their political problems which don't make it better i

think we're moving towards a basket of reserve currencies and i think china is definitely one of the big players in the. overnight economist richard wolfie told us that many waking up to the reality that the u.s. economy is crippled. we've had twenty 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 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 meantime china the largest holder of the u.s. that has immediately reacted to the news of the downgrade saying washington needs to cure its debt addiction beijing also calls for a new stable reserve currency instead of the dollar concerns are also raising a third largest economy of course india that's where the finance minister called the situation grave. shrewd and now reports from new delhi. 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 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 because it takes to actually 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 so he's pretty sure to report well asian investors are ditching bones in the wake of what's been a tough week for america's economy so it shows investor jim rogers. all the asians already know that america's got problems all of us are already moving out of u.s.

government bonds 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 debt has skyrocketed and gone through the debt through the roof america is 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 quadruplet instead america if you take in the 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 but they sure the us will default 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 well the downgrade came too late to head europe's stock markets which have already taken a hammering this week coming battered by the eurozone and america's debt difficulties amid all the e.u. leaders have criticized the u.s. rating agencies blaming them of double standards saying they will create

a european one in response to the new bushel a small 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 because most know the to most of us had unsustainable that for many years now what 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 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 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 their 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. bushel well one small debt for man one giant black hole for a government later on in the program here we are in new york to ask what is the difference between our debt. why. the government did the right thing and they're doing absolutely.

the right thing and. i do. so. all right. here in the russian capital. bracing itself for a fresh wave of massive anti-government protests activists are hoping that two hundred thousand will take part in a third weekend of rallies all across the country one street has already been renamed by. after the square where the egypt uprising took place. reports. they said 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 thousand nationwide who took to the streets last weekend

this is the third saturday in the road that 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 monster was told would abolish the basic concept we maintained 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 presume to a number of demands on the government of the civil speakers several popular singers also players 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 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 wizened costs and behind 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 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 ahmed to tel aviv. the social crisis is caused by the government policy that we decades allowed the wealth to go to the rich few well this according to you from the organization and. investor in two years. mostly. changed the character of these wally economy and we would

see the. richest families that control most of the big companies that are enjoying benefits and enjoying their condition. to develop it while they. actually found eighteen in order to have enough money to live here in the. environment so this is something that people fear for many years now and this is the first time where you can hear such a big wave. we want to change this system and we want to do more socially. and we are keeping across developments in israel and. posting comments on our twitter account on the school called one of what's happening at the so-called israeli. screen right now here we go one of. the protesters promise to stay in the streets until prime minister netanyahu meets

their demands. underscore common to find the latest on this and other developing stories we're covering here on our. british intelligence services have allegedly been violating international law for almost a decade a leaked top secret document suggests agents were permitted to use information taken from prisoners tortured overseas offices were asked to balance how much they expected detainees to suffer against the value of the information they could get they were also given a political protection from prosecution human rights activists are demanding an open and fair inquiry but fear that questions will be met with a wall of silence. from the international experience. 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 hope that they will see that there will still be an inquiry which is open and thorough and transparent and that the government will reconsider. the very problematic protocol that's been put in place . so you thank you for joining us today there's always more in all the stories we're covering it up dot com here are some of the items waiting for you want to live right now from london denniston a group of hardline muslims one shari'a law introduced in the u.k. could come down. to illustrate the point. where we draw on all the major.

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 regime has an active program to acquire and develop nuclear weapons and let there be no doubt about it we know for a fact that there are weapons there. this were 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. data 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

six hundred million dollars to fund 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 course but it helps the country of origin stakes and even if they come this way at least from tonight 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.

welcome back you're with r.t. live from moscow it's an hour twenty minutes past the hour people loyal to former ukrainian prime minister yulia timoshenko continue to protest against her arrest her supporters have set up a tent city in the center of the capital kiev she was arrested of contempt of court on friday and. has been on trial since june over alleged abuse of power while signing gas deals with russia in two thousand and nine these are all charges she denies supporters call the case politically orchestrated by the country's current president you look over to the rallies began on friday when they tried to block the armored vehicle taking away but were dispersed by police. more international news now in our world update here a nazi thirty one u.s. special forces personnel and seven afghan soldiers have all been killed in a helicopter crash in the eastern province this according to the office of president karzai the incident marks the biggest single loss of life for american forces in the country by the taliban have claimed responsibility for the attack

saying they shot down the helicopter with a rocket propelled grenade. but the syria's foreign minister has pledged to free democratic general elections in the country by the end of the year it comes as activists say fresh clashes in syria have left at least twenty four dead with security forces firing on anti-government protesters the crackdown has now reportedly killed around two hundred people across the country international condemnation of the violence is growing and the u.s. is working on new ways to influence the situation beyond sanctions. seventeen people who are being killed and four injured in a multiple vehicle collision in southern china state media says the pilot was triggered after two trucks collided flipping one of them into the path of an oncoming passenger minibus authorities are investigating whether overloading of the vehicles involved may have been a factor in the incident. well back to the us now the debt drama ongoing that seen

its top credit rating taking a not if you are going into debt the banks all over us in a heartbeat yet it's only now that america which owns trillions is seeing its credit score decline online talk show host laura huff and it's now in new york ask people why are americans so keen on borrowing. why do you think so many people allow 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 cars 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 than it is for a government to be in that. is 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. 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 right you're with us here live from moscow to stay with us next we travel thousands of kilometers east of moscow but also millions of years back in time. this time we're in the far east and more region it's a remote but rich area holding russia's largest reserves of precious metals but artie's alice ever has about one team whose treasure lies not in gold robber barrons. this week the russia 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 its proximity to china and its smallest 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. last ski is a man obsessed with the populist a bygone age when dinosaurs rule this part of russia he may have been born in the countries that 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 this site to be known since about nine hundred forty eight that would have been unbelievable number of bones are buried here and i think will be digging for at least another two years or so they're literally everywhere here the ammo region is looking up one of the few functioning archaeological sites only here can a site boast of having produced a complete dinosaur skeleton that discovery made over a decade ago led to the full recognition of a new breed of dinosaur a lot a ton or giant swan a twelve metre long herbivore found almost exclusively here and it was you the son who first stops at

a fragment of tail bone sticking out of the father and son went on to make paleontology history evangel singh's 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 far euthanize if your your current. were a girl for very slow because zero can be more in the ground around it. well i exist. yuri and his team have been excavating this site for the past three years and already they found well over a thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i get to be found within this small plot alone i'm told that these will most likely be fragments of another giant duck billed plant eater unique to the region and named in its honor the are more

saurus is another previously undiscovered breed credited to team the lot skee which includes natalia also as scientists it was she who came up with both dinosaurs names as well as taking day to day charge of running the region's only paid homage to the bora tree and museum each new discovery missed be carefully catalogued and examined the aim is to inspire the next generation of dinosaur homes this was not one ensuring the family's feeds don't go i'm remembered for that. on the pier you can see a photo of your boat skiing at this conversation site and here you see photos of i don't know stores this is the skeleton of and i wore a saurus what a strange looking reptile isn't it and so learn from the follies of history is my us 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 yuri belong comes from a long line of scientists who chose to follow their own instincts and secured a morse place in the history books as one of the world's foremost sites for paleontology it was their determination and no small amount of digging that revealed a dinosaur jackpot alice habits are see the more regions. with a recap of the headlines in just a few hours tuesday. you .

hungry for the full story we've got it first hand the biggest issues get a human voice face to face with the news makers on our t.v. . the history of this place runs through the centuries. a paradise for archeologists zoo all ages and ecological tourists.

what one fateful night shots destroyed the harmony of life. how this republic got its life back. hoping dreaming and recreating. the.

quick summary of the head of. the country's. government. closed doors probe. explores a place that's fit for a queen in his final.