the move to join the those who raise the dome of the that's the great wave that's the grand imperial truly the told was that. you can a let's go to the socialist civility to go and. read this in the can it was which was used to retreat. dropping the dollar again raising the possibility of a new global reserve currency after washington led to the u.s. credit rating slip. hundreds of thousands of israelis returned to the streets across the country angered by the high cost of living and out affordable housing prices. the u.s. suffers its biggest single loss of life in the afghan conflict as a nato helicopter is reportedly down by the taliban.

three am in moscow i met treasurer good to have you with us here on r t our top story the united states prize aaa credit rating has been cut for the first time since one nine hundred seventeen standard and poor's dropped america's ranking one notch to a double a plus this comes after a last minute debt deal earlier this week and narrowly rescued the country from default that's and p. says the spending cuts agreed by congress are run and a half trillion dollars short at if enough not changed the rating could comment further in the coming years the obama administration says the analysis is way off and will damage any recovery or he's losing kavanaugh has more from washington. well it really is more than anything a huge or some unprecedented glow to the united states to as its status says 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 questions

here for the american people for the u.s. government could be severe now while this only takes it down from aaa to a.a. plus with a negative outlook threatening in fact that the rating could get lowered even more in the next two years what it does is it potentially it sends a 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 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 end of 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. 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 for the united states while it was somewhat positive it actually showed negative growth because it means that more people here in america have given

up looking for work so politically there's really not that will in washington to do 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 it in terms of higher interest rates could really really cripple what's already seems to be a worsening recession here in the united states knox was a senior analyst at green cross tropical believes this is just the beginning of more serious trouble for the u.s. economy. 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 he will get scared that we run away from riskier assets right into bigger risk is to the mortgage market with

a very fragile situation in u.s. housing as well as student loans car loans credit conditions generally and i would remind people too that hasn't pete didn't just downgrade the united states they put us on further downgrade watch so they're suggesting that this downgrade may be could be giving up a process and not be again i do think that the leadership united states and therefore the dollar has come in for increasing question over the last few years we know the direction that this is heading in more or less 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 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 brenden be in ghana and even brazilian b i taking up some of the position of the dollar historically had in their respective world regions. china immediately reacted to the news of the downgrade by suggesting

a new stable reserve currency is needed instead of the dollar concerns also rising in asia as their largest economy india where the finance minister called the situation grave archy's preassure to reports from delhi. these in 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 in cuts a lot of people are wondering if it took 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 with difficulty where to cut and 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. asian investors are getting dogs in the wake of what's been a tough week for the u.s. economy according to investor and author german rogers. all the asians already know that america's got problems all of their already moving out of u.s. government bonds 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 dead and through the roof america is in worse shape now than it was the poor of america spent a lot of money and people who got bad money are better off but the overall situation is much worse america's quadrupled its dead america if you take in the consider the things that they guaranteed they created huge amounts of money you

know the world has gotten worse or hasn't gotten better but it 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. as america's credit rating gets downgraded one notch some fear the move could spark another black monday on the international stock markets e.u. leaders criticized the rating agency standard and poor's accusing it of double standards and promise to establish a european agency in response artie's daniel bushell has been. downgraded trust in the rating agencies to junk. agency of the two trillion dollar miscalculation when they saw it in this downgrade they claim to have the world's best minds working for them you guys are really surprise people 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 maybe agencies lose their reputation but people lost their whole savings triggering the world recession that followed. the rules are furious about this and these double standards they held with the white house the foolish decision they'd prefer it when it would take place what would happen and that's allowed the white house to prepare a response to the media or even question the agencies judgment of the happened last week when the agencies graded european union countries and their ratings now that's the gist of the agencies are inconsistent to say the very least 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 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 not getting that money back. one small debt for man one giant black hole for a government coming up later we ask what's the difference between our debt and those of our governments. it's much worse for a government to be in debt why because we trust the government to do the right thing and they're doing absolutely the opposite of that but do you trust yourself to do the right thing and live within your means i do mean debt is such that i can pay it off. a wave of mass anti-government protests is underway across israel biggest rally is happening in tel aviv with up to a quarter of a million participating people are angered at the high cost of living in an affordable housing or his policy or has more. the miscarry is electrified with protest it needs time to demand and defiance they say they're not going anywhere

until the israeli prime minister benjamin netanyahu nice they demand prices 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 still to see whether or not three hundred thousand people are here where i'm standing after seven tell you that there are tens of thousands of e-mails now police have been out in full force for at least twelve hours a total of all those leading to the missions and in the time it took me to pass through the security checks that caused hundreds of protesters walking in opposite direction photoshop that is so united and to the stoughton office demonstration which is that he spoke to him on social justice and that's what they think right now we have not been followed and also that people will take back the country that you're not also eighteen and under certain large groups of wives of policeman a social workers our teachers our doctors all of them talk the course of the day

saying that they were mobilizing the community then ordering them to come to the street tonight's protest also comes in the wake of controversial housing legislation that was passed earlier this week by the israeli knesset all these way to parliament and according to protesters here it caters to the reach the rich again making affordable housing out of the reach of ordinary people now we may have to be the comparison is being made between what we see here and as well and what has been happening and continues to happen in neighboring egypt this demonstration is painted over around a 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 been playing instruments essentially they've been living their lives on the street and some people here have dogs tuffy a square. tapio corner of course being a reference to the copies of bt gyptian revolutions a city that is

a comparison we all still seem young people come to see to it is a demonstration it will mobilize you in much the same way as it was in egypt the civilization is also taking place online but people want to be treated with people taking on face book taking pictures and videos on you tube like we saw in egypt people just pulling told her she changed out israeli prime minister benjamin netanyahu has been very quiet in his response to much saying that i'll be happy to present it was the topic that said the fifty day be up to the city to see if these issues are gaping at the case of saddam hussein that not only was he out of touch with the people if that be visiting was planned plus these demonstrations and the only thing the finale did in the past few days is that the demonstration is part of a movement people in the country to keep the tide here is very easy for the mobilize

people are saying they believe nowhere until after the government is a monster on its anomalies placea sees. that as a member daniel ben-simon says prime minister netanyahu doesn't realize the protests are rooted in public discontent and not from political rivals. people here yearly i'll show doing. and talking about tens of thousands he won't see the police shooting all beating he put this is it's very polite it's very strong very polite as to how to change the policy of the government and how to have a better life in israel for the time being they have not read any wounded in the last three weeks i don't think it will be different in the coming weeks this is a strike usually professionals it's a lot of unemployed people we have almost no employment but you do everything and see if you can have a decent life this demonstration has no rights we all left wing views it is moost

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 these demonstrations he thinks that political parties are behind it and he's wrong thirty u.s. special forces personnel and seven afghan soldiers have been killed in a helicopter crash in afghanistan the aircraft was hit by a rocket propelled grenade in eastern wardak province the incident marks the biggest single raw supply for american forces in the country some of the officers aboard the helicopter were reportedly part of the same unit that carried out the assassination of osama bin ladin in india benjamin from the anti-war movement code pink says the u.s. has caused too much damage in afghanistan and it's time for the. but we have seen in these last ten years of endless war is that the presence of u.s. troops is it strengthens the taliban and gives the taliban

a reason for being and the more that the u.s. troops continue to be there the. violence will continue to report recently came out from the international crisis group show that despite billions of dollars in international aid and one hundred thousand nato forces the afghan people are not able to be secure everybody knows that this crisis has to enter 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 bell kind is no longer in in afghanistan they have moved on to pakistan somalia yemen the u.s. has no reason to be fighting the taliban the taliban never attacked us in the united states and only attacks are 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. the websites got plenty more for you to catch here's what's a click away right now. checco dramatic video will firefighters battling a warehouse blaze in southern moscow. and from london to london staff a group of hardline most of us want to impose sharia law in the u.k. which could condone amputations for petty theft and to illustrate that point check out our cartoon section of r g dot com or we draw out all the major stories. ukrainians loyal to former prime minister yulia timoshenko continue protesting her

arrest her supporters have set up a tent camp in the center of the capital kiev she was arrested friday for contempt of court parties alexei he has more. several dozen supporters of you to show up protesting here believing that the case is politicized and being orchestrated directly by president's victory on the college several hundred more people are stationed in a tent camp at the main see the main street and give because that's where the court building is we're hearing off constant clashes between the supporters of huge machine go and the law enforcement offices and what 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 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. 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 very sharp comments coming from the european union with almost all of the organizations in europe criticizing the current state of affairs the fact that you little machine 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. turned out as some other stories making headlines across the globe protesters have clashed with authorities in north london riders try to storm a local police station shops and a passenger bus were also set on fire along with two patrol cars demonstrators demonstrations rather began after a twenty nine year old man was shot dead by police gun crime unit earlier this week where than three hundred people took to the streets of the british capital demanding justice over the killing. syria's foreign minister has pledged three

democratic general elections in the country by the end of the year this is activists say fresh clashes in syria have left at least twenty four people dead the security forces firing on anti-government protesters the sixty crackdown has now reportedly killed around two hundred people across the country international condemnation of the violence is growing in the u.s. it is working on new ways to influence the situation yun sanctions. seventeen people in have been killed 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 accident. turning back to the u.s. debt drama that seen its top tier credit rating take a hit now if you or i get deep in debt the bank is ready to pounce and yet it's only now that the u.s. which owes trillions of the seeing its credit score decline and talk show host

people in new york why consumers seem so addicted to borrowing. but i 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 a brand new car the lifestyle and that's what they want is so much every tasing 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 i 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 don't you trust yourself to do the right thing and live within your means i do that i mean that such that i can pay it off again as debt it's bad for governs best for individuals and the government should show leadership so 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 the 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 moscow and millions of years back into.

now in a far eastern amerindian a remote but rich area holding russia's largest reserves or precious metals but artie's our separate has met one team who is treasure lies not in gold but bones. this week the roster close up team is coming to us all week from the far east in our more region now for many this region's distinctive juice to its proximity to china and its not reserves of war materials and natural as the will says put the one paleontologist and his team it's the bones of ancient dinosaurs discovered deep within the grounds here that will put this region firmly on the map. u.t.v. lot of ski is a man obsessed with howard's a bygone age when dinosaurs ruled this times of russia he may have been born in the country's north and western areas it's the far east untapped jurassic history in

the region to which he's devoted his adult life to restore her village near this site to be known since about nine hundred forty eight an unbelievable number of bones are buried here and i think will be digging for at least another two years when they literally everywhere here the ammo region is looking at one of the few functioning archaeological sites only here on the 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 or laura to tan or giant swan at twelve mr long have all 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 than his sins followed in his father's that steps it's painstaking work requiring patience and skill in equal measure when we discover the

one we begin to remove the ground around it from a horrid. your current. where a girl forward is low because zero can be more warmth in the ground around it. 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 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 eating unique to the region and named in his honor they are more saurus is another previously undiscovered breed credited to team a lot scale 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 paleontology with oratory and museum each new discovery must be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hunters was one ensuring the family's feats don't go on remember that. here you can see a photo of your blood ski at the excavation sites and here you see photos of i'm going to soras this is a skeleton of an annoyance or it's what a stray hookey reptile isn't it and so learn from the follies of history stars miles and this is charles marsh an american parent ologist in eight hundred eighty seven had visited moscow and announced that there were no dinosaurs in russia and everyone believed him luckily unity belongs comes from a long line of scientists who chose to follow their own instincts and secured a moore's 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 part alice a bit arty the more wages. so for the. headlines after a short break stay with us. if

used to be an ideal place for a holiday for the phone changed in a moment. the winds of war are still visible. the republic is not only relieved but also shaping the future. wealth of british soil. is not such crisis. markets why not. come to. find out what's really happening to the global economy with my stronger for a no holds barred look at the global financial headlines tune in to cause

a report on our cheek. come. just so.