tv [untitled] August 6, 2011 5:00pm-5:30pm EDT
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the moviegoer to joy see the killings the home of violence the grief way go to the ground imperial tried to talk it was the bush coromandel you can a letter tell the socialist it's a duty to go and. read this and the colonel was hotel to retreat. heading up to standard and poor's strips the u.s. of its highest credit rating from the fury to the country's lenders with china already saying it's time to find a new reserve currency to replace the dollar. another run of mass protests stalls in israel as people running against the government are those compared to countries plight of revolutionary egypt. thirty one u.s. special forces soldiers die after the helicopter was reportedly hears in a rocket attack in eastern afghanistan it's the worst single loss of american troops in the conflict and comes amid talks on withdrawal.
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international news in common this is r.t. live in moscow just when i am here in the russian capital the united states prize top aaa credit rating has been cut for the first time since one thousand nine hundred 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. it says the spending cuts agreed by congress are one of the hoff trillion dollars short and if it's not changed the rating could comment further in the coming years but the ministration says the analysis is way off and will damage any recovery party's lucy conformists component is in washington floors. so it really is more than anything a huge a sum and unprecedented blow to the united states to its status as a as safe investment that basically what this credit rating. lowering does that it
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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. russian is here for the american people for the u.s. government could be severe now while this only takes it down from a aaa to double a plus with a negative outlook threatening in fact that the region could get lowered even more in the next two years what it does is it potentially it sends the message that the united states is a risky investments that it sends interest rates going up for the federal governments 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 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
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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 pub lapsing 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 the economy in terms of any sort of new spending that could boost growth we saw g.d.p. growth would have 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 night. states while it was somewhat positive could actually
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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 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. and max wolf a senior analyst at green crest capital says this is just the beginning of more serious trouble for america it sets up an environment in which symbolically politically and economically the united states leadership of the global economy has another kind of strike against it does reduce people's confidence people get scared
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they run away from riskier assets right and bigger risk is to the words market good very fragile situation and u.s. housing as well as car loans. credit conditions generally and i would remind people today the s. and p. didn't just downgrade the united states they put us on further downgrade watch there suggesting that this downgrade may be big it beginning of a process and not be am i do think that the leadership of the united states therefore the dollar has come in very creasing question over the last few years we know the direction that this is heading in or last down the problem we have is that there is no other currency presently position to fill the shoes of the u.s. dollar i mean the euro normally mentioned as a possible replacement is in the shape that makes the dollar situation look pretty good right now so clearly that doesn't look likely you may see regional currencies or merge with euro zone rules of branding the again and even brazilian to be i taking up some of the position that dollar historically had in their respective
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world regions. china has immediately reacted to the news of the downgrade by suggesting a new stable reserve currency is needed instead all the dollar concerns are also rising in asia is the largest economy in india where the finance minister there called the situation grave. reports now from new guy thing. 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 rating pegged as you could say so the markets have tumbled here people are losing confidence in the american economy obviously they're seeing debt soaring very thing a lot of decisions not specifically being made when it comes to the two point four trillion dollars and cause a lot of people are wondering if it's all of us this along to come to
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a decision just to raise the debt ceiling how much longer could it take to actually figure out but typically where to cut in asia has a very vested interest in this if you think about what these ratings actually means that means of 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. to that and they should investors edition bones in the wake of wall street a tough week for america's economy so this is invest a general jones. 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 local recession unemployment in america is still higher than it was in two thousand and eight the american bed 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 situation is much worse america's quadrupled its debt america if you take in they
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consider big things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better ok 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 top markets which have already taken a hammering this week being battered by the eurozone and of course america's debt difficulties meanwhile the e.u. leaders criticize the u.s. rating agencies blaming them of double standard saying they will create a european one in response to what is done in bushel has more now from brussels. the used downgraded trust in the rating agencies to junk. the agency admitted to truly a miscalculation when deciding this downgrade they claim to have the world's best minds working for them really surprised people here because most know that the
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mergers has had unsustainable that for many years now well everyone apart from the rating agencies it seems and the day before firms collapsed in the credit crunch they still had aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggered a world recession that followed e.u. leaders rules are furious about this impedes 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. response to the media or 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 agency is rigged to say the very least and as a result the european union is creating its own agencies. for americans who will see themselves having to pay more and more interest on their
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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. well one small bit for a man and one giant a black hole for a government and later on in the program we're in new york to watch what's the difference between our 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 do you trust yourself to do the right thing and live within your means. so that i can pay it off. but wave of mass antigovernment protests is underway across israel the biggest rally is taking place in tel aviv with up to a quarter of a million attending one street there is already being renamed by some as israeli
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tell here after the square in cairo where the egyptian revolution took place. is there for us. to me scary isn't it to five what it did a mixture of jupiter and defiance they say they're not going anywhere until the israeli prime minister benjamin netanyahu meet the demands appointed organizers have been warning that some three hundred thousand people will take to the streets not only of tel aviv should also jerusalem and several other cities tonight and stilted to say whether or not three hundred thousand people are here but where i'm standing actually tell you that there are tens of thousands of people not police have been out in full force quite at least twelve hours a total of all those leading to this mission and in the time it took me to pass through the security checks that caused hundreds of protesters walking in opposite direction from the tennis for united under the slogan office demonstration which is the peaceful demond social justice and that's what they singing right now we're
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hearing how to load and also the people will take back the country yet tonight also making a number thirty large groups of wives of policemen a social workers are teachers are doctors all of them talk of course of the day saying that they were mobilizing the community then ordering them to come to the streets tonight's protests also comes in the wake of controversial housing legislation that was passed earlier this week by the israeli knesset all the israeli parliament and according to protesters here it caters to the reach the rich again making affordable housing also the reach of ordinary people now he never told me the comparison is being made between what we see in here in israel and what has been happening and continues to happen in neighboring egypt this demonstration is painted every sunday main street in tel aviv known as what's child boulevard and there are tens upon hundreds of tents on that street people have been sleeping there they've been eating they've been holding discussions and meetings they've
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been playing instruments essentially they've been living their lives on the street that some people here have dubbed tuffy a square. tapia corner of course being a reference to the heartbeat of egypt should revolutions a city that is a comparison we also seeing young people come to the streets here this is a demonstration in israel mobilized by the youth in much the same way as it was in egypt the demonstration is also taking place online with people constantly tweeting with people. on facebook a few pictures and videos on you tube and like we saw in egypt people gallup polling told me she changed the british prime minister benjamin netanyahu has been very quiet in his response to the much the same people of egypt and president talking about it was at. least said yesterday at a position even if you need issued a scathing attack against. such people if the
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people sitting with and plus these demonstrations. have been a hostage tape except imitation is part of a mass movement people in the country to keep it here is a very people mobilize people are saying they believe nowhere and a lot of the government on. the scene. he doesn't realize the protests are rooted in rage and not from political rivals leader. people here are yelling shouting are sleeping industry i'm talking about tens of thousands you won't see the police shooting or beating the protesters 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 there have not been any wounded in the
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last three weeks i don't think it will be different in the coming weeks this is a strike of history professionals it's a lot of unemployed people we have almost no one the ploy that but you do everything and see if you cannot have a decent life this demonstration that has no right wing or left wing views it is most of the mainstream israelis who feel so bad about how they live and they go to the street like tonight and maybe next week and i don't think mr netanyahu gets the right view of this the most rich and he thinks their political parties are behind it and his route. thirty one u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in afghanistan aircraft was hit by rocket propelled grenade in the eastern wardak province incident marks the biggest single loss of life for american forces in the country some of the officers on board the helicopter reportedly part of the same unit that carried out these isolation of enlargement and eventually from the anti war movement says the us has caused too much damage in
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afghanistan and it's time for them to pull out. what we have seen in these last ten years of endless war is that the presence of u.s. troops is it strengthens the taliban it gives the taliban a reason for being and the more that the u.s. troops continue to be there. the violence will continue report recently came out from the international crisis group that showed that despite billions of dollars in international aid and over one hundred thousand nato forces the afghan people are not able to be secure everybody knows that this crisis has to end through negotiations the sooner it happens the better and i think this crash is really a time when we should say to ourselves in the united states how many more of our soldiers' lives are we willing to sacrifice for an unwinnable war a kind it is no longer in in afghanistan they have moved on to pakistan somalia
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yemen the u.s. has no reason to be fighting the taliban the taliban never attacked us in the united states and only attacks our soldiers because we are occupying their country so i think with the financial crisis in the united states and now this tragic death of thirty one who are of our soldiers it is time to really say if you want to say victory and pull out or whatever but it's time to get out. well they haven't given their own more international news now in all the world update this hour syria's foreign minister has pledged for a 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 people with security forces firing on antigovernment protesters the six day 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 weakens the situation you're on sanctions. seventeen people have been killed and four injured in the multiple vehicle
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collision in southern china state media says the pilot was triggered off to two trucks collided clipping 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 erickson here so we see it as you choose to manage our website plenty on our top stories all the stories we're covering here on screen and plenty more for you here's what's online at the moment though you can for example check out the dramatic video of firefighters battling on where health plays in the selfe of moscow. also from london to london to stand a group of hardline muslims want sharia nor introduced to be paid which could condone amputations for petty theft and to illustrate the point you can check out our cartoons section where you draw may just r.t. help calm.
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people or former ukrainian prime minister yulia tymoshenko continue to protest against her arrest her supporters have set up a tent camp in the center of the capital kiev she was arrested on friday for contempt of court in the off season actually has more now from the spot. several dozen supporters of you are protesting here believing that the case is politicized and being orchestrated directly by president victory on the college several hundred more people are stationed in the camp at the main main street and key of the tragic street that's where the court building is we hearing off constant clashes between the supporters of units of. the law enforcement officers is being accused of serious economic crimes including striking unlawful gas deals with russia and unlawful usage of money which ukraine received from signing the kyoto protocol
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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 be 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. has been placed under arrest and they demand that she must be released immediately and that the trial must be held in a transparent way back to the u.s. and the debt drama that seen its top credit rating take a knock now if you or i get into that the bank is lax without delay yet it's only now that america which shows trillions is seeing its credit score decline online
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talk show. people in new york why americans are so keen on boring. 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 caught the brand new car 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 but it's all about thinking yes i think so is it worse for you to be interpersonally than it is for a government to be into. it's much worse for government to be and why because we
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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 mean that such that i can pay it off i get is that it's bad for governs best 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 hold 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. next we travel thousands of kilometers east of where i'm sitting here in moscow and also millions of years back in time.
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where in the forest in the mirror region it's a remote rich area holding russia's largest reserves of precious metals but all these others have 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 more region now for many this region's distinctive juice to its proximity to china and its reserves of war materials and natural resources but for 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. lawsky is a man obsessed with potholes a bygone age when dinosaurs rule based part of russia he may have been born in the country's western areas it's the far east untapped jurassic history in the region
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to which he's devoted his adult life to respond to her very near this site 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 when they literally everywhere here the animal region is looking at one of the few functioning archaeological sites only here can a 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 an order to town or giants at twelve mr long have all found almost exclusively here and it was you the son who stops at a fragment of tail bone sticking out of the father and son went on to make paleontology history and than since followed in his father's footsteps it's painstaking work requiring patience and skill in equal measure when we discover the
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long way we begin to remove the ground around it from a foreign. your hand and a shower where a girl who are slow because there can be more bones in the ground around it. well why does it. yuri and his team have been excavating this site for the past three years and already they found well over one thousand dinosaur bones approximately sixty five million years old but they believe that the bones of hundreds of more dinosaurs i get to be found within this small plot alone i'm told that bees will most likely be fragments of another giant duck eld planted unique to the region and named in his honor. for us is another previously undiscovered breed credited to team velocity 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
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running the region's only paint logy the poor tree i muse e.-m. each new discovery misty can catalog and examines the aim is to inspire the next generation of dinosaur hundreds who now want to ensuring the family's feats don't go on the manage the referee hearings about work on up you you can see a photo of you a blot skier a ration site and here you see photos of i'm going to soras this is the skeleton and worse or it's what a strange looking reptile isn't it and so learn from a fallings of history as mars and this is charles marsh an american value intelligence in one thousand nine hundred seven he visited moscow and announced that there were no dinosaurs in russia and everyone believed him yet luckily yuri velocity 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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