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tv   [untitled]    August 6, 2011 3:00pm-3:30pm EDT

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joyce the hotel rules the violence the gateway to the ground imperial trilogies the torch was pushed coromandel. the children to toe sedated to go and. read this in the kennel was her child retreat. heading down stay out of them pools strips the u.s. of it's highest credit rating infuriating the country's lenders with china already saying it's time to find a new reserve currency to replace the dollar. another round of mass protest starts in israel with live pictures of people rally against the government others compare the country's plight some past of revolutionary egypt my pictures there from tel aviv point. also bizarre thirty one u.s. special forces soldiers die after the helicopter was reportedly hit and a rocket attack in eastern afghanistan is the worst single loss of american troops
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in the conflict in comes amid talks of withdrawal. internationalising comment this is r.t. it live in moscow has just turned eleven pm here in the russian capital good to have you with us this hour the united states prize a top triple a credit rating has been cut for the first time since one thousand nine hundred seventeen standard and poor's and dropped america's ranking to double and a plus when this comes after a last minute deal earlier this week now already rescued the country from default s. and p. says the spending cuts agreed by congress a one and a half trillion dollars short and if it's not changed his rating could plummet further in the coming years but the bummer ministration says the analysis is way off and will damage any recovery. of his in washington force. well it
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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 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 red russians here for the american people for the u.s. government could be severe now while this only takes it down from a aaa to a.a. plus with a negative outlook threatening in fact that we 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 it sends interest rates going up for the federal government and because other borrowing costs are tied to that that means mortgage payments could go up mortgage interest rates 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
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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 collapse and pulling down the u.s. economy with it so they don't really have all 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 ripple 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 in terms
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of any sort of new spending that could boost growth with g.d.p. growth what 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 of the united states while it was somewhat positive that 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 effect in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states kevin zeese director it come home american top u.s. says the rest of the world is now realizing that america is losing its financial
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dominance the reality is our economy isn't terrible shape and the government's actions are actually counterproductive and as a number of members nobel prize winning economist and other top economists have said the focus now should not be on deficit should be on the economy moving in creating jobs unfortunately government is going in the opposite direction talks on deficit now all just really choked the money supply even more is the lack of prosecution of wall street executives for a collapse of the economy showed real spinelessness. more bad policy decisions that the regulation of wall street which was led by the guys who caused the problem who work now for obama actually was inadequate for the people see the mystery action of our economy and recognize that the days of us are jamali on the economy are coming to an end. are not economists richard wolfe told us that many are waking up to the reality that the u.s. economy is crippled. we've had twenty years of being told that our private
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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 their theory 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
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egg at least for their. china the largest holder of the u.s. debt is immediately reacted to the needs of the downgrade saying washington needs to cure its debt addiction beijing also suggested a new stable reserve currency is needed instead of the donor concerns also rising nation's third largest economy india where the finance minister called the situation grave. reports now from new delhi. easton 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 business especially after the u.s. debt ceiling debate that will go long and in many ways is what people are saying led to these. lower approval ratings they guess you could say the markets have tumbled here people are losing confidence in the american economy obviously there are things that soaring there's thing a lot of decisions not specifically being made when it comes to that two point four trillion dollars in cuts
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a lot of people are wondering if it's all of us this along to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where to cut and asia has a very 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 and you should invest as a teaching blooms in the wake of what's been a tough week for america's economy services investor and jim riches. all the asians already know that america's got problems all of asia is 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 american debt is skyrocketing gone through the debt 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
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situation is much worse america's quite true but it's dead america if you take in the considerably 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 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. than great came too late to europe's stock markets which have already taken a hammering this week being battered by the eurozone and america's that difficulties meanwhile the e.u. leaders criticize the u.s. rating agencies blaming then move double standards saying they will create a european one in responsibilities don't you bushell has more for us now from brussels. we use downgraded trust in the rating agencies to junk. the agency of the two trillion dollar miscalculation when deciding this downgrade they claim to have the world's best minds working for them really surprised people
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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 collapse in the credit crunch they still had aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggered the world recession that followed. the rules of furious about s. and p's double standards they held with the white house before this decision they brief them about it when it would take place what would happen and that's allowed the white house to prepare a response to the media and even question the the agency's judgment none of that happened last week when the agencies graded european union countries and their ratings now that suggests that the agency is rigged to say the very least and as a result the european union is creating its own agencies. for
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americans who will see themselves having to pay more more interest on their loans and having to pay more. is bad really for everyone around the world who lend money to america because it raises the risk of them not getting that money back. one small debt for a man one giant black hole for a government program where in new york what's the difference between debt and those of our leaders. 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 don't you trust yourself to do the right thing and live within your means i do that so that i can pair off. the largest anti-government protests israel has ever stage are underway across the country the biggest rally is taking place and tell of it with an estimated one
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hundred seventy thousand attending so far one street there has already been renamed by some as israeli town here after the square where the egyptian revolution took place in cairo and archie's paulus lair is there for us. the mood here is electrifying the protesters are a mixture of jubilant and defiance they say that they're not going anywhere until the israeli prime minister benjamin netanyahu meet their demands now today is the fish said today in a vote that demonstrators have taken to the street the police are in heavy presence they are taking seriously the promise of protest organizers that more than three hundred thousand people will take to the streets and it took me some time to reach this alive position all the roads here have been closed off the police have been out in the streets for more than twelve hours now they offer to kill anyone that these protests might dissolve into some kind beilenson just walking here have cost hundreds of protesters walking in the opposite direction holding out than is their
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will united under the slogan of this demonstration which is the people demond social justice now tonight in not a circle has been added that slogan is the people are taking back the country and city for the course of the day we saw polls been going on going out some specific groups from the wives of policeman from social workers from teachers from doctors they said that they were mobilizing the communities and calling on them to turn out in large numbers here tonight not tonight's protests also comes in the wake of controversial housing legislation that was passed this week by the israeli parliament israeli knesset according to protesters here it again allows for only the wealthy to buy housing putting affordable housing out of the reach of ordinary people so that is why you are hearing is waiting to be angry they say that netanyahu is not only not listening to their demands he is completely out of touch with what people here are thinking this demonstration is mobilized around the eight main street in tel aviv that's known as the lost child boulevard and for the better
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part of three weeks that street has been turned into a change city there are hundreds of tents there way people are sleeping where people are eating they're holding discussions they playing music and they themselves are going to the street as tuffy a corner toughest where of course being the heartbeat of the egypt. maybe lucian given his knowledge of us again it's a shame that has not actually be modernized i.b.u. which is happy so happening in egypt it is also a demonstration that is receiving support online people are treating all the time people are dating posts on facebook they are putting videos and pictures on you choose and see if you can have a clear link for vision change which is what we heard happening in egypt. when we keeping across developments in israel in artie's paulus live in front of his posting comments on our twitter account at the moment r t underscore calm she's telling us what's happening at the so-called israeli target here head of mass rallies tonight and the latest tweet says that the rally started off an hour
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earlier than planned i'm not going to r.t. underscore com to find the latest on this and other developing stories we're covering here. thirty one u.s. special forces person and seven afghan soldiers have been killed in a helicopter crash in afghanistan the aircraft was hit by a rocket propelled grenade in the eastern province isn't much the biggest single loss of life for american forces in the country some of the officers on board the helicopter were reportedly part of the same unit that carried out the nation of its on the bin laden. hakan told me earlier that it shows how the taliban is getting stronger and head of the planned withdrawal. they think it will not effect. on the government of america to wait that all of its forces from afghanistan but they knew that there will be more in afghanistan in the war against the taliban and al qaeda because the taliban are getting are gaining ground in
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afghanistan there and becoming stronger and stronger. but it is not possible for far their foreign troops to confront it's because of the people of afghanistan pays the fear all for war. i website has plenty on our top stories at the moment and plenty more here's what's online few right now or should you a lot more you can check out the dramatic video life is battling a warehouse plays in the south of moscow. from website from london to understand the group of hardline muslims want sharia law introduced in the u.k. which pretty condone tempi taishan is for petty theft and to illustrate the point you can check out our cartoons section where we draw on all the major stories that's all available with plenty of other features an r.t. . please.
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the. people loyal to former ukrainian prime minister yulia tymoshenko continue to protest against her arrest and supporters of set up a tent camp in the center of the capital kiev she was arrested on friday for contempt of court he's an ex you just ski has more now from this part. several dozen supporters of you to go out protesting here believing that the case is politicized and being orchestrated directly by president to be free on the college several hundred more people are stationed in the camp at the main main street and key of the kinetics three that's where the court building is we're hearing of course from clashes between the supporters of unity which angle and the law enforcement officers you had so much anger is being accused of serious economic
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crimes including striking unlawful gas deals with russia and unlawful usage of money which ukraine received from signing the key order protocol several years back now it is interesting because there have been already comments from russia's foreign ministry which urged ukraine to hold a transparent and fair case on yulia timoshenko as well as saying that all gas deals which ukraine and russia signed in two thousand and nine were completely legitimate and were signed in full accordance with the two countries laws and also been a very sharp comments coming from the european union with almost all of the nations in europe criticizing the current state of affairs the fact that he. has been placed under arrest and they demand that she must be released immediately and that the trial must must be held in a transparent way and there will more international news now in our world update for you this syria's foreign minister's page free democratic general elections in the country by the end of the year it comes as activists say fresh clashes in the
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left at least twenty four people with security forces firing on government protesters a six day crackdown is now reportedly killed around two hundred people across the country international condemnation of the violence is growing the u.s. is working on new ways to influence the situation 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 on one of them in the past. an oncoming passenger minibus authorities are investigating whether overloading of the vehicles involved may have been a factor in the accident. but back to the u.s. and the debt drama that's seen its top tier credit rating take a knock if you or i get into debt when the bank is on our backs without the way it's only now that america which owes trillions is seeing its credit score decline on talk show host laurie hoffa missiles people in new york why americans are so
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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 a brand new car that's the lifestyle and that's what they want 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 such. as much work for government to be and why because we trust the government to do the right thing and they're doing absolutely the
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opposite of that but don't you trust yourself to do the right thing and live within your means i do what i can and that is such that i can pay it off debt is dead it's bad for governments bad for individuals and the government should show leadership 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 family 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. when next we travel thousands of kilometers. also millions of years back in time.
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we're in the far eastern amour region it's a remote rich area holding russia's largest reserves of precious metals menotti's allen said it has met one team whose treasure lies not in gold but bones. this week the russia close up team is coming to you all week from the far east and are more region now than many this region's distinctive juice to its proximity to china and its false reserves of war materials and natural resources but one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the ground here but this region firmly on the map. u.t.v. lawsky 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 new western areas it's the far east on tap jurassic history in the region
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to which he's devoted his adult life to restore her very near just listen it's been known since about nine hundred forty eight with an unbelievable number of bones are buried here and i think will be digging for at least another two years literally everywhere here the ammo region is located one of the few functioning archaeological sites only here going to site boast of having produced a complete dinosaur skeleton that discovery made a decade ago led to the recognition of a new breed of dinosaur a lot of the town or giants on a twelve nice along heard of all found almost exclusively here and it was really some of the first steps of a fragment of tail bone sticking out of the father and son went on to make paleontology history than 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
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a horrid euthanize your hand and. where a girl who are slow because zero can be more wants in the ground around it. lives that. year eons of team have been excavating this site for the past three years and already they found well over one thousand bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i gets 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 a lot skill which includes natalia also as scientists it was she who came up with both steiner saul's names as well as taking day to day charge of running the region's only paint logy the burra tree and museum each new discovery missed you
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can catalog and examined the aim is to inspire the next generation of dinosaurs hundreds of this was on ensuring the family's feats don't do i'm remembered but i recognize that one up here you can see a photo of your abode skier at the excavation site and here you see photos of i'm going to soras this is a skeleton of and i was sorry it's quite a strain hookey reptile isn't it and so learn from the follies of history scars and lives and this is charles marsh an american probably 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 velocipede comes from a long line of scientists who chose to follow their own instincts and secure place in the history books as one of the world's foremost sites for paleontology it was their determination a new small amount of digging revealed
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a dinosaur junk bonds alice rivers assy. twenty six minutes past the hour here now in order to recap of our top stories with me will bob just a few minutes away from afghanistan. this is after you live in moscow. to. clear.
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the history of this place runs through the centuries. a paradise for archeologists zoo ologists and ecological tourists. one fateful night just to see if the life. how this republic collets life by. hoping dreaming and refreeze. and up and up and.
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it's wealthy british. margetts. scandal. find out what's really happening to the global
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economy. watch on our t.v. . bringing you the latest in science and technology from the realm of. the future are covered. down by the official location. i pod touch from the i choose our. life. video on demand. costs and features now in the palm of your. call.

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