joins me though to raise some of the that's the way it's on the ground in syria truly the socialistic. you can a letter to those who wish to see duty to go and. read this in the kernel was that you know as you said to retreat. dropping the dollar to china again raising the possibility of a new global reserve currency after washington lets 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 it out of a little housing crisis. the u.s. suffers its biggest single loss of life in the afghan conflict as a nato helicopter is reportedly down by the taliban.

six am in moscow 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 the one nine hundred seventeen standard and poor's has dropped america's ranking one notch 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 by congress for one and a half trillion dollars shy and if not changed it could result in a ratings fall in further years but the obama administration says the analysis is way off and will drive a genuine recovery archy's lucy cavanagh has more from washington well it really is more than anything a huge a symbolic and unprecedented blow to the united states to its status as a safe investment basically what this credit rating lowering does that it is it really raises questions about the validity of the united states and the ability of the u.s. politically to get its financial house in or. or 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 the message that the united states is a risky investments that it sends interest rates going up for the federal government and because other 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 talk ratings to continue in the united states at a time when we were investing a lot of money in these mortgage securities 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 recall 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 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 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 about having missed the mark long ago these small tiny in terms of higher interest rates going to really really cripple what's already seems to be a worsening recession here in the united states. max wolf a senior analyst at green cross capital 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 a global economy president other kind of strike against it does reduce people's confidence people get scared of it run away from riskier assets i think a bigger risk is to that we're going to 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 to that ass and p. didn't just downgrade the united states they put us on further downgrade watch they're suggesting that this downgrade may be big the beginning of a process and not be am i do think that the leadership of united states here for the dollar has come in for increasing question over the last few years we know the direction but this is heading in more or less down the problem we have is that there is no other currency present a 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 emerge with euro zone rules of renminbi in an even virtual u.b.i. taking up some of the position dollars berkeley had in their respective world regions. china has a media leader reacting to the news of the downgrade by suggesting

a new stable reserve currency is needed instead of the dollar concerns are also rising in asia's third largest economy india were finance ministers called the situation grave artie's previous reader reports from delhi. asian markets are tumbling they were it's humbling on friday obviously we don't know what's going to hop in on monday in specific reaction to this news but many analysts many financial analysts here predicted this after the u.s. got feelings of a big chill go along 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 think a lot of the physicians not specifically being made when it comes to that two point four trillion dollars in cuts a lot of people are wondering if it's all of us in this along to come to a decision just to raise the debt ceiling how much longer could it take to actually figure out specifically where to cut and asia has

a very vested interest in this if you think about what these ratings actually means that means that the united states won't be able to repay a lot of their loans in asia actually hold three trillion dollars in the united states alone so people here are watching what's happening in the united states very closely. he said investors seem to be ditching dogs in the wake of what's been a tough week for the u.s. economy according to investor and author jim rogers. all the asians already know that america's got problems all of us are already moving out of u.s. government bonds we never got out of the first global recession unemployment in america is still higher than it was in two thousand and eight the american dead has skyrocketed and gone through the dead to the roof america is in worse shape now than it was before america spent a lot of money and people who got that money are better off with the overall situation is much worse americas quadrupled instead america if you take in the consider the things that they guarantee a pretty huge amounts of money you know the world has gotten worse or hasn't gotten

better but it sure the us would have thought 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 the u.s. credit rating gets downgraded by a notch some fear the move could spark another black monday on international stock markets leaders criticized rating agency standard and poor's accusing it of double standards and promise to establish a european agency in response he's daniel bushell has the details. we used downgrading trust in the rating agencies to junk the standard and poor's 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 murder suicide unsustainable for many years now well everyone apart from the rating agencies it seems the day before for the collapse of

the credit crunch they still have aaa ratings on those companies now that made the agencies lose their reputation but people lost their whole savings and triggering the world recession that followed. the rules are furious about this impedes double standards they held with the white house before this decision they'd prefer it when it would take place what would happen that's now the white house to prepare a response to the media or even question the agency's judgment of the hop and last week when the agencies did the european union countries. that suggest that the agencies are inconsistent 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 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

. one small debt for man one giant black hole for a nation coming up later in the program we asked what's the difference between our debt and those of our governments. 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 do you trust you sow to do the right thing and live within your means i do but i mean get such that i can pay it off. but first a wave of mass anti-government protests is underway across israel the biggest rally happening in tel aviv with up to a quarter of a million people attending he said they're angered at the high cost of living and on affordable housing or he's parsley or has more. the mayfair is electrified what it did a nice job jubilant and a fire and they say they're not going anywhere when something israeli prime

minister benjamin netanyahu meets they demand that prices organizers have been warning that some three hundred thousand people will take to the streets not only of tel aviv but also jerusalem and several other cities tonight and still to see whether or not three hundred thousand people are here the one where i'm standing after thirteen 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 this mission and in the time it took me to post through the security checks that cause hundreds of protesters walking in opposite direction holding up that is for united and at the student office demonstration which is the face of demonic social justice and that's what they singing right now with here in london slogan also that people will take back the country yet tonight also making a number thirty large groups of wives of policeman a social workers our teachers our doctors all of them throughout the course of the

day saying that they were mobilizing the community then ordering them to come to the street tonight's point is also comes in the wake of controversial housing legislation ever passed earlier this week by the israeli knesset all these really parliament and according to protesters here it caters to the reach the rich again making affordable housing also the reach of ordinary people now we never said we the comparison is being made between what we see here in israel and what has been happening and continues to happen in neighboring egypt this demonstration is painted around a main street in tel aviv known as was 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 in meetings they've been playing instruments essentially they've been living their lives on the street some people here have dubbed tuffy a square. corner of course being a reference to the hotkeys of egypt should never lucian's a city that is

a comparison we've also seen young people come to speak it is a demonstration in islam mobilize the youth in much the same way as it was in egypt the civilization is also taking place online with people constantly meeting with people save face book facing pictures and videos on you tube like we saw in egypt people calling told her she changed out israeli prime minister benjamin netanyahu has been very quiet in his response to much saying that our people of egypt the president talking about it was at the top of that belief said that yesterday friday the opposition even if he'd be issued a scathing attack against saddam hussein is not only was he watching with the people of the o.t. if that be visiting with fire and plus these demonstrations the only thing that's another bit in the past few days except imitation is part of a mass movement people can take thirty at the time here is very touching people

mobilize people are saying they go nowhere a lot of the government demands. policia teves have a. seven member daniel ben-simon says prime minister netanyahu doesn't realize the protests are rooted in public discontent and not coming from political rivals. people here yearly our show doing us keeping industry and talking about tens of thousands he won't see the police shooting all beating he put this is it's a 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 been any wounded in the last through a few weeks i don't think it will be different in the coming weeks this is a strike of history professionals it's not of unemployed people we have almost no employment but you do everything and see if you can not 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 all of their lives and they go to the street like tonight and maybe next week and i don't think mission here who gets the right view of these demonstrations who think 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 struck by a rocket propelled grenade in eastern war dark products the incident marks the biggest single loss of life for u.s. forces in the country some of the officers aboard the helicopter were reportedly a part of the same unit that carried out the assassination of osama bin ladin medea benjamin from the antiwar movement code pink says the u.s. has caused too much damage in 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 a report recently came out from the international crisis group showed that despite billions of dollars in international aid over 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 the united states how many more of our soldiers' lives are we willing to sacrifice for an unwinnable war is no longer in in afghanistan we have moved 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. and there's plenty more on our website along with video blogs and analysis here's what's a click away right now. check out this dramatic video of firefighters battling a warehouse police in southern moscow. and critical from london to london stand a group of hard line islam is one to impose shari'a law in the u.k. which reprints only amputations per petty theft to illustrate the point check out the cartoon section of our website where we draw on all the major story our team. of. ukrainians loyal to former prime minister yulia tymoshenko continue to protest

against her arrest her supporters set up a tent camp in the center of the capital kiev she was arrested friday for contempt of court or he's alive sara cesky has more. several dozen supporters of you to go out 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 tent camp at the main see the main street and give bush added street 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 you have to muster and go is being accused of serious economic crimes including striking unlawful gas deals with russia and unlawful use 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 community much and go 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 there also being a very sharp comments coming from the european union with almost all of the nations in europe criticizing the current state of affairs and the fact that you to some extent go 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. now to some other stories making headlines across the globe protesters clashed with authorities in north london as rioters try to strong local police precinct shops and a passenger bus were also set on fire along with patrol cars demonstrations started after a twenty nine year old man was shot dead by a police gun crime unit earlier this week more than three hundred people took to the streets of the british capital to demand justice after the killing. syria's

foreign minister has pledged free democratic general elections in the country by the end of the year this comes as activists say fresh clashes in syria left at least twenty four people dead with security forces firing on anti-government protests. stores the sixty crackdown has now reportedly killed around two hundred people across the country international condemnation of the violence is growing and the u.s. is reportedly working on ways to influence the situation beyond simple sight. and seventeen people have been killed and four injured in a multiple vehicle crash in southern china state media says the pileup 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 trucks and rove 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 go deep in debt the bank is ready to pounce and yet it's only now that the u.s. which owes trillions is seeing its credit score decline line show host laurie

harshness also known as the resident people on the streets of times square why consumers are so addicted to borrowing. but i 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 the brand new car 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't afford so 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. much worse for 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. such that i can pay it off debt is dead it's bad for governments bad 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 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. and up next we bring you thousands of kilometers east of moscow and also millions of years back and just.

going all the way to the far eastern region but richer area holding russians largest reserves of precious metals alice hibbard met one team whose treasure lies not in gold but. this week the roster close up team is coming to you all week from the far east and more region now for many this region's distinctive change to its proximity to china and its vast 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 that will put this region firmly on the map . you really belong to ski is a man obsessed with the past a bygone age when dinosaurs rule this part of russia he may have been born in the country's north western areas but it's the far east untapped jurassic history in

the region to which he has devoted his adult life to restore the curvilinear. been known since about nine hundred forty eight an unbelievable number of bones are buried here and i think we'll be digging for at least another two years they literally everywhere here we are no 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 full recognition of a new breed of dinosaur a lot it is done or giant someone at twelve missile on have all found almost exclusively here and it was you the son who first spotted a fragment of tail bone sticking out something father and son went on to make paleontology history than his sins 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 a foreign. earned. where occur for very slow because it can be more warmth in the ground around it. well for a lives it's. a year 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 are all new slightly the fragments of another giant duck billed plant eater unique to the region and main then it's all over the hour more saurus is another previously undiscovered breed credited to team a lot skill which includes natalia also and scientists it was she who came out with both steiner saul's names as well as taking day to day charge of running the

region's only paid intelligence the burra tree and museum each new discovery must be carefully catalogued and examined the aim is to inspire the next generation of dinosaur hunters was on ensuring the family's feeds don't do i'm remembered but i reckon it's about who can see if i love you up excavation site and here you see foreigners and. scared of him or his arse and kerberos ours quite a strange looking 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 visited moscow and announced that there were no dinosaurs in russia and everyone believed him luckily yuri belonged skill comes from a long line of scientists who chose to follow their own instincts and secure more as place in the history books as one of the world's foremost sites the paleontology

it was their determination and no small amount of taking revealed a dinosaur just part alice a bit r.c. the more region. so for his news walk i'll be back with an update after a short break stay with us.

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go. video undermine our keys mindful comes an r.s.s. feeds now in the palm of your. question on the call she told. com wealthy british style. is not on. the market why not. come to. find out what's really happening to the global economy with months cars are run no holds barred look of the global financial headlines tune into kinds a report.