teen 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 s. and p. says the spending cuts agreed upon by the congress one and a half trillion dollars short if it's not changed the rating could plummet further in the coming years but the obama administration says the analysis is way off any recovery. you can funnel is in washington for. 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 the 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 essentially allowed top ratings to continue in the united states at a time when we were in. a lot of money in these mortgages security is that

essentially ended up 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 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 but 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 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. let's get more details on this now with kevin zeese the director come home america dot us i thank you for joining us today so as we know somebody has now downgraded the u.s. so although it didn't do that during the shoot crisis of two thousand and eight does this mean that possibly the credit rating agencies now learned an important lesson or is it trying to perhaps a clean up its image. well if some problems for the last collapse giving wall street ratings it in deserved and i would say they were the cause of one of the crashes. you know things like. lehman lehman brothers were. even very high res

it is or whether it's cleaning its act up now or whether it's showing it's power who knows what's going on but the reality is as your correspondent said it comes at a very shaky time we saw a big drop in the stock market of four percent of its value on thursday we saw a very shaky market on friday no doubt this will not help things on monday and tuesday of next week so people should watch closely how that plays out and suddenly it comes to an issue of a credibility back in the crisis of two thousand and eight fannie mae and freddie mac. were still given aaa ratings that all though are the next day also they went belly up now the administration is saying that there is a miss calculation of two trillion dollars in the s. and p. report when you make of this reaction well i think they're they're trying their best to minimize the credibility of the of the report but the reality is our economy is in terrible shape and the government's actions are actually counterproductive as number of member nobel prize winning economists and other top economists have said the focus now should not be on deficit should be on getting

the kind you moving in creating jobs unfortunate government is going in the opposite direction focusing on deficit now just really choke the money supply even more. frankly president obama has mishandled the economy right from the outset here too small of a economic stimulus when he came in office he bailed out wall street supported the bush bail out wall street rather than pushing for a bail main street his health care plan entrenched for the insurance industry and didn't really do anything control costs is the lack of prosecution of wall street executives for a collapse in the economy showed a real spinelessness in fact he put them into power rather than prosecute them what didn't get it didn't he didn't he have to say the same thing with more street of course and i think he put them in a position to try and clean up the mess exactly and i think that led to even more bad policy decisions the the regulation of wall street which was led by the guys who caused the problem who work now for obama actually was inadequate and i think that anyone who looks at it would see that it's. yeah what's been going on in the

economy has not been positive neither party has the will to tax the people who have the money the top one percent who own ninety five percent of our wealth really need to be taxed more heavily and you'll be starting the tax stock going as it is i'm so sorry to interrupt you but does this show the wealth of the powerful elite are the ones who are running all the all the policies out of the white house i mean it is about i mean powerless to these corporations and these big wigs i'm not sure is perilous writing is part of the problem i think broadly president obama agrees with them and i think he is a market driven politician he believes in the market as a solution he seems to believe in reagan's trickle down economics even though all that stuff is nonsense he seems to believe it and i don't think it's a perilous question he's part of that power elite that are misusing the country and so he has the wrong direction right now it's it's going to while since the two thousand and eight crisis but say it looks like the economy is a sinking again you look at what's happening in the eurozone a number of members are just absolutely sinking america is in trouble can the world

economy survive if another crisis takes place or has the crisis is the crisis already taking place in the midst of the crisis now is my view and i think we will survive was going to take a massive restructuring american people now are getting organized we're doing a project called october two thousand and eleven dot org where people are taking power back they don't trust the government anymore neither political parties trustworthy they're both in bed with the wall street big finance interests and other big business interests we need to restore power to the people and take away from the economic elites who are destroying the country by now there is one major question the must be addressed as u.s. lenders are worried by the latest news of america's credit rating being downgraded china is even proposing to ditch the dollar as the global reserve currency what would happen to the u.s. if the world is no longer dollar dollar dependent suddenly wal-mart become too expensive for most americans china's been talking that way for a while russia's been talking away for a while so the middle eastern countries i think people see the mr action of our

economy and recognize that the days of us edge of money on the economy are coming to an end all right kevin zeese that director of a come home america dot us thank you thank you very much. well the china the largest holder of the u.s. debt has immediately reacted to the news of the downgrade saying washington needs to cure its debt addiction beijing also called for a new stable reserve currency instead of the dollar concerns are also rising in asia is third largest economy india where the finance minister called the situation great. true to reports now 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 think a lot of decisions not specifically being made when it comes to that two point four trillion dollars and caused a lot of people are wondering if it told the u.s. 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 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 his prius reporting right well the downgrade did come too late to hit the european stock markets which have really taken a hammering this week being battered by the eurozone and america's debt difficulties meanwhile 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 your bushel has more from 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 that the mochas 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 e.u. leaders rules are 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 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 agency's graded the european union countries and

their ratings now that suggests that the agencies are saying the very least 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 not getting that money back. he's done you're bush you're right the one small debt for a man one giant black hole for a government and later on in the program here on r t we are in new york to watch what's the difference between our debt and those of us. much worse for government why 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 mean debt so that i can pay it off.

is coming to you live from moscow now a fresh wave of massive government protests sweeping across israel this saturday night activists are hoping some two hundred thousand will take part in the third weekend of rallies due to start in just a couple of hours time want to tel aviv street has already been renamed by israeli tar rear after the square where the egypt uprising took place. reports places of a saturday tens of thousands of protesters will be taking to the streets here in tel aviv as well as in several other cities around the country where they'll be holding mass rallies against the government there hoping to topple the one hundred fifty thousand mason white who took to the streets and last weekend this is the third saturday in a row that protest all be held they are you know recent 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 that now the plan tonight is for demonstrators to monster what's called the bali we are the basic concept we came to the city has been established the final destination is not far from here at the curia disdains 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 plays and in the last week there have been a number of smaller demonstrations that has been held for several hours. 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 these men prime minister binyamin had been surprised by the masses to hold

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 tanakh it was so obsessed with gathering intelligence for the third solo from the mediterranean that he missed the opportunity to see what was happening here under his eyes. to tel aviv. well the social crisis is caused by the government policy that for decades allowed the wealth to go to the hands of the rich few that's according to your belief from the peace now organization and ton of fish. change the character of these wally economy and we will see the. richest families that control most of the big companies that are enjoying benefits and enjoying their condition to grow develop it while they.

have enough money to live here in the. environment so this is something good. for many years now and this is the first time where you can hear such a big wave of. we want to change and we want to go back to more source. and we are keeping across developments in israel and. actually posting comments on our twitter account. underscore find out what's happening on the so-called is ready to ahead of the mass rallies tonight have a look at your screen right now one of our latest tweets says police are arriving in the area in greater numbers than last week and many roads closed minute by minute keeping us updated here on our twitter account that's under school to find out the latest. on this story because.

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 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 human rights activists are demanding an open and fair inquiry but questions will be met with a wall of silence as reports from amnesty international. 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 this 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 that the government will reconsider. the very problematic protocol that's been put in place. all of there's always are more and all the stories we're covering. here are some of the items online for you right now from london to london denniston a group of hard lined muslims want sharia law introduced in the u.k. which could. see the petty theft and to illustrate the. section where we draw on all the major stories. now in nearly twenty minutes past the hour here in moscow people loyal to former

ukrainian prime minister yulia tymoshenko continue to protest against her arrest her supporters have set up a tent city in the center of the capital kiev she was arrested on friday for contempt of court has been on trial since june over alleged abuse of power while signing gas deals with russia in two thousand and nine and these are all charges that she denies supporters call the case politically orchestrated by the country's current president viktor. the rallies began on friday when they tried to block the armored vehicle taking away but they were later dispersed by. more let's get some more into. well news now here on r.t. in our hourly world update thirty one u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in the eastern one of the province that's according to the office of the president the incident marks the biggest single loss of life for american forces in the country the taliban have claimed responsibility for the attack saying they shot the helicopter down with

a rocket propelled grenade. syria's foreign minister has pledged to free democratic general elections in the country by the end of the year it comes after say fresh clashes in syria have left at least twenty four people dead with security forces firing on anti-government protesters the six day crackdown has now reportedly killed around two hundred people all across the country international condemnation of the violence is growing and the u.s. is now working on a new way used to influence the situation but beyond sanctions. seventeen people have been 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 u.s. on the debt drama that seen its top credit rating taking

a knock if you or i get into debt the banks all over us within seconds yet it's only now that america which trillions is seeing its credit score decline online talk show host laura huff and asks people in new york why americans are 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 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'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.

you with r.t. it's good to have you with us do stick around though because next we travel thousands of kilometers east of moscow but also millions of us back in time. first time we're in the far eastern i'm more region it's a remote but rich area holding russia's largest reserves of precious metals but artie's alice habit has met one team whose treasure lies not in gold but rather in bearings 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 false 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 lot

ski is a man obsessed with the promised a bygone age when dinosaurs rule this part of russia he may have been born in the countries that western areas but it's the far east on tap jurassic history in the region to which he has devoted his adult life to mr necker very near to this site to be known since about nine hundred forty eight when there would have been unbelievable number of bones are buried here and i think we'll be digging for at least another two years there literally everywhere here the ammo region is looking 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 here the son who first comes at 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 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. more bones in the ground around it. well i guess it's. 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'm told that these will most likely be fragments of another giant duck billed plant eater unique to the region and named in his honor the are more saurus is another

previously undiscovered breed credited to team the lot ski 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 paint the board tree and museum each new discovery missed be carefully catalogued and examined the aim is to inspire the next generation of dinosaur how much of this was do not want ensuring the family's feeds don't go i'm remembered for that. one up here 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 the skeleton of animal or saurus what a strange looking reptile isn't it and to learn from the follies of history charles miles and this is charles marsh an american poli until august in one thousand nine hundred seventy he visited moscow and announced that there were no dinosaurs in russia and everyone believed him yet luckily yuri belong comes from

a long line of scientists who chose to follow their own instincts and secure a more as place in the history books as one of the world's foremost sites for paleontology it was their determination and no small amount of digging that revealed a dinosaur jackpot alice a bit arcee the more regions. nearly seven thirty on saturday night here in moscow i'll be back shortly badlands.

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. was. a paradise for archeologists zoo all ages and ecological tourists. what one fateful night shots destroyed the harmony of life back ask. how this republic got its life back. hoping dreaming and returning to. the.

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strip the u.s. credit rating in. the dollar as the reserve currency. president. protests. the country's. revolution. suggests. how much. information. the closed doors. question. time. will. take off while overhead performing. in the spotlight now focuses on the.