in india oh geez a way to do that we're going to join the hotel rooms a movie that's the gateway hotel the grand imperial truly the george was the bush coromandel you can a letter to the socialist that you see don't need to go and. read the sun the colonel was her turn to retreat. stories from this week on our t.v. financial crown stripped of last minute deal on the debt crisis can save the u.s. from a shock credit downgrade. which rounded up wall street's worst week you know were true years and with the debt crisis in europe also worsening the markets are braced for monday may have. and egypt's toppled president goes on trial on charges of mass murder and corruption by people who feel the brunt illusionary regime that replaced him in better. than neighboring israel hundreds of thousands of people take to the streets in an unprecedented nationwide rally demanding the government make living

costs lower forego. a warm welcome to the weekly here in archie this sunday august seventh on many so now with the latest news from around the world and a look back at the week's top stories on friday the financial world was shaken after the u.s. was stripped of its top tier aaa credit rating by standard and poor's agency for the first time since one thousand nine hundred seventeen its rating has been downgraded to double a plus with a negative outlook white house officials are on the defensive saying there's a two trillion dollar calculation mistake as and p. admitted back but is sticking with its decision saying that huge project after it's very interesting will cause for concern all this despite the last minute tech deal

which narrowly rescued the country from default economist max frogged wolf says the stock markets will go crazy on monday. i do think this sunday night local time here in new york or monday morning for asia when the markets open in new zealand australia and then quickly thereafter in northeast asia we're going to see some of the dislocation that we have all feared because we kind of headed into this disaster over the last month or two complicated which is actually mentioned in the press release complicated by the complete dysfunction of the u.s. congress we're going to see another shock wave it into a global economy and global financial markets there spent the last week fall down a flight of stairs so i think we're at a very sensitive vironment here and while there's no good time to be downgraded the timing of this s. and p. downgrade of the u.s. from aaa double a plus could not be worse it sets up an environment in which symbolically politically and economically the united states leadership with global

economy has another kind of strike against it and i would remind people to the s. and p. couldn't just downgrade the united states they put us on further down grade watch they're suggesting that this downgrade need to be the beginning of a process and not be am. well america's rating scott is not a star response internationally china's demanding independence supervision over u.s. dollar operations and is calling for a new stable reserve currency singapore base investor and author jim rogers says that is justified. 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 or 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 quite good but instead america if you take and consider the things that they guarantee they printed huge amounts of money you know the world has gotten worse or hasn't gotten better but it 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. now the long lasting political bickering over the u.s. debt ceiling followed by a last minute deal is widely seen as another factor undermining trust in the american economy r.t.s. report night explains. help us avoid the fall that ceiling nation of thought and this crisis time's running out the entire world is watching it's been a public spectacle filled with the bickering grandstanding and lack of compromise i devise a defeat over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's

so-called sound economy the damage been done and i want to everybody really thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have got real close and who knows whether the next month next year this war and blow up again since the underlying causes economic problems are getting worse in this country or point five trillion dollars of america's borrowing is owed by foreign countries experts say washington's mismanagement may cause investors to abandon the devalued dollar and their partnership with america it's like being married to someone for so many years the richer you well know little or you. can put up with this relationship the u.s. will be for the only game in. community is making noises chinese making noises would you know we're alone now or delineate to be a repository for financing in the world the result could start

a replay of the two thousand and eight economic meltdown except this time washington not wall street would be responsible it's like the batteries worn out the spark plugs don't work the tires are flat all of this and so what we're trying to do is say we've got a little bit of money in the bank but say that that down there we're not doing anything to fix the economy and so we're putting ourselves in a bigger and bigger hole not just because of the dad but really because we're not creating any way to get out of the debt instead of the u.s. president repeatedly asked americans over the past week to join the campaign. to borrow and spend more make a phone call send an e-mail tweet keep the pressure on washington and we can get past this while the eyes of the world have been following the heated saga playing out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of agreeing on how to solve

it. r.t. new york. well new york based transfer caster johnson lent a told r.t. that despite the last ditch attempt to salvage a debt strategy the new great depression might already be underway the american economy as well as much of the global economy is heading into the greatest depression anything everything that they're doing is not going to salvage it the great depression is underway and all they're doing is trying to make it look as though they have a plan to stave it off they're not going to you know what's a reputation a reputation is by what you deliver the united states can't deliver the united states can't deliver on its wars that loses wars where the iraq afghanistan the war on drugs the war with libya they're losers the government did everything that they touch look at all the trillions of dollars the tens of trillions that have been

pumped into the system since the panic of zero eight strug by the federal reserve by d.c. with the stimulus bailouts too big to fail everything they do they turn to failure why would any thinking adult look at the republicans and the democrats next and the incompetence to come up with a program that's going to salvage the nation investments having confidence looking to the same people that caused the problem to resolve it that's called insanity the business of america when i used to be a young man it used to be business now the business of america is war. well return to the economic woes affecting both sides of the atlantic a little later the world wide panic selling as investors just their shares in the worst week for stock markets since two thousand and eight. but first egyptians are finally seeing their former president go on trial over

charges of killing and corruption but many feel the revolution which to posts here has made their life even tougher hosni mubarak denies the charges against him at the opening of his hearing into accusations ordering the killing of protesters if convicted mubarak could face the death penalty eighty three year old was in a hospital bed when he appeared alongside his two sons and top aides who were also accused of corruption and mass killing over six months after mubarak was toppled the post-revolutionary chaos makes egyptians yearn for what went before arty's refund reports. this quaint cairo is now one of the most famous in the world many around the globe even those with little knowledge of arabic know its name perfectly it means liberation well the revolution of january put this part of the globe on the map but apart from that what else that is really the people of egypt. this man has been running his own peace news for thirty five years it used

to bring him enough money to send his son to study to canada and take his large family holding one see. it with the economics of the station caused by and rastan political uncertainty mohammed's enterprise has been badly fractured now he can barely of food to feed his children he says the winds of change me have brought freedom to egypt it is drawn to survival strong and it's way. out about it's really like that but you know i love the revolution when it happened i welcomed it that look that the time will go away if you don't have the final received. not getting better we have nothing to eat just don't tell me about democracy for hungry people it just doesn't matter. the plight of poverty fuel the revolution your growth has dropped from five to just one percent some thirteen million people live below the breadline unemployment has he twelve percent. egypt's

revolution was regarded as the most successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships but why months on there is little satisfaction and dictator free egypt is far from the best place to live and we have the people. and they are getting ready. for the people now walking about as well much better than ever they. were they about it. and they're very sad but is that people are indeed tired even those who back the changes they see young man is from the revolution youth caliche and he tries to remain optimistic and he says sounds a lot like south conviction that he cannot say we've been living under mubarak for many many years too many i'd say but it's great what you did but we do need to be more patient and this is difficult we have a lot of problems right now but we do need to wait for

a little longer. recentre need to mistreat sions impishly square show that is twice and has been pushed to the limit and its trade tests versus patience and the battle to save egypt's from crumbling further grief and optional r t cairo. and life will only get worse for the egyptian people as they fell prey to a political game as william and has written extensively on egypt's uprising. there has been no revolution in egypt i saw it so. in our t.v. interview in late january i believe exactly that would be the outcome because this was incited from the outside it was designed to get rid of mubarak who was a thorn in the side of the obama middle east policy and put the same people in there with it with a different face at the top a lot has changed and it's largely unfortunately changed for the worse the economy

plunged since the events of january. the tourism is not going to be bombed back any time soon but even even still there was a rather healthy growth curve in the last several years even while new brock was still in power and that that has dramatically changed for the worse this never was about democracy in the first place a lot of youth were brought onto the streets under the illusion that it was and now you have the muslim brotherhood positioned to become the leading political party in the in the elections. that doesn't bode well at all for the just so i don't think young people have more democracy i think perhaps even less. at least twenty people have reportedly been killed the syrian government tanks they see the city are here as a war this is just the latest of many violent responses to an uprising which began in march earlier this week government forces stormed the city of hallmark killing up to twenty four people human rights activists say that overall more than one and a half thousand people have died just before the latest wave of violence the

country's foreign minister promised a free and fair general election at the end of the year president dmitry medvedev says if syrian leader bashar asad fouls to stop the violence and carry out reforms his fate could be grand. unfortunately the situation in syria has taken a dramatic turn we real politicians should follow developments like gadhafi gave violent orders to destroy the opposition the syrian president gave no such orders unfortunately a lot of people are dying in syria this is our biggest concern in my private conversation with the president of syria and in the private letters i sent him i discussed the same ideas reforms need to be carried out you should establish peace with the opposition establish peace in the country and create a modern state if you fails to do that in a sad future awaits and at the end of the day you'll have to make a decision we're watching the situation it is changing oh god lines are two.

but says part of an extensive interview dmitri medvedev gave to r.t. as well as. radio and georgian t.v. channel peak the full length version is coming up for you later in the program. in israel more than a quarter of a million people took to the streets on saturday night in the later show of discontent with the government that's after three weeks of protest over the soaring cost of living activists demanding the prime minister steps down benjamin netanyahu has responded with a promise of great changes in israel's economy a special panel has been set up to deal with the crisis which is even led to calls for a revolution similar to that in egypt on television street labeled as is where we really are but as part of their reports protesters are concerned it's taken this much pressure just to get any kind of reaction. tens of thousands on the streets of

israel angry and protesting for change but is anyone listening when it comes to a lot of the foreign media want to see more of an action movie and this hasn't been a very violent it's been very hasn't been both and also in a very positive. well into week three the largest demonstration in israel in over a decade and how did a.b.c. c.b.s. and n.b.c. coverage they didn't a younger woman set a potential while the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting to be back. in the studios ok there's a protest well what exactly is a protest a social protest of the revolution it's not the same kind of story that they used and it's not as big and dramatic as some of the bigger revolutions happening around the middle east and i'm here because russia isn't surprised by the worldwide lack

of media interest he's worked in the israeli press for decades reporting from media both foreign and local there is a box that the international media has put israel is really palestinian conflict also israeli lives and syrian conflict and anything that doesn't kind of fit into the. type of of news item which is unfortunate that just makes hundred reyes and others angry for nine days she's been camping here furious that she can't make ends meet as a university student it makes me feel sad that when egypt decided to stand up and say we've had enough and eleven and they decided to say we've had enough the media was all over there i haven't seen anyone from c.n.n. or from fox news or any other big news channel here and it's really sad that we also deserve a chance to be heard out on the streets has been dubbed top your corner by some of the people here and not some of them perhaps that they can bring down the

government in the way the neighbors you talk with square. but where's the cameras there were willing nonstop here they put in the absence of course the hot seat tel aviv. live from moscow you're with are to still want. and on the program progress on draft grain police around a tent city set up by supporters of detained former prime minister to much sanka threat of security forces works in the background also. cutting off leaving hands in london hardline muslims press for the introduction of top islamic surreal laws in the british capital that's coming your way in just a few minutes. it's been a hard week for the world stock markets which saw the worst plunge since two thousand and eight starts were battered by the eurozone and america's debt difficulties the market panic triggered disputes among leaders as the pressure

mounts on them to take decisive action over the debt crisis the european commission president admitted spain and italy are now under threat i'm told for the e.u. balance front expands germany's finance minister rejected the calls same questioning the decision of the recent leaves on it would only cause more worries on the markets economic journalist patrick young says it's high time the banks start cashing in on the troubles for the european union's delight fund is on the verge of running out of money as soon as one of those major economies such as they enter italy default and every day the market is saying it is terrified of the death of this being built up in the system and it's a bold by the fact that nobody in the euro zone one star actually leader side of this problem i think the public is being kept in the dark and it's been sent a lot of smoothed messages from the political classes that don't really hold up to the stark reality of markets i think the problem is that ultimately banks are going to have to lose money as part of this entire play they originally bought

a lot of these balls thinking that would be an endless nirvana of cheap interest rates for all of these countries and effectively the game is up but players over governments need to step in they need to restructure the market and we actually need to see that demon the word default in other words some of the boards have to go bust or the bones have to be restructured and ultimately some pay in ma stand up with the banks. and economic analysts michael ross says it's not the euro debt which triggered the market panic but the political wrangling in washington. i tell you one thing this is not a normal crisis and this was not a normal question that we had this week. it was the beginning of the end what is the illness that has to go to all these problems the illness is called debt all western nations over debt they lose their credibility and what happens when they lose their credibility then banks are going bankrupt and i tell you another thing

only in a short time all variants of the most important banks world riot in the western world will be taken over by government by the governments and another thing it's not the discussion of the euro and the debts in europe as this is of course a problematic issue it was the discussion about the debt ceiling in united states that triggered this mess. that was economics analyst michael ross there and we're keeping a close eye on the e.u. and u.s. debt woes and the market's reaction to them at our team dot com also if you follow our twitter feed here straight from our worldwide correspondents for the latest news updates our team underscore tom on facebook search for our two news find our top videos stories ready and waiting for you and you can also join the discussion on what you've seen and there's also more rapidly expanding an expensive channel on you tube from our reports and programs available when you want to scratch off and explore news from russia and around the world in the. mission.

critical three days for charges three. months three. three stooges free. old free blogs chancellor video for your media project a free media oh god archie john tom. riot police have surrounded tent camps set up in ukraine's capital by supporters of former prime minister yulia tymoshenko was arrested on friday but protesters fear officers may storm the camps after the court where her trials taking place ban gatherings outside parties alexei yourselves he has more from kenya. ukraine's former prime minister yulia timoshenko still remains in detention center in here following the decision by according to based on the arrest for that huge machine i don't forbid

him to leave the country now she was going behind bars as the judges explained because of her bad behavior during the trial now. he's being accused of several very high profile economic crimes including striking unlawful gas deals with russia back in two thousand and nine it's interesting because there has already been a comment coming from the russian foreign ministry saying that. the old these deals signed in two thousand and nine were completely legitimate and were signed in full accordance with the two countries legislation and urged ukraine to hold a fair and transparent trial over the country's former prime minister yulia timoshenko besides the times when these agreements were signed with we moscow and kiev were described as political chaos in ukraine with constant political infighting between. the former president before you should go so we understand according to many experts that if there were any violations in the signing of these

contracts they happened mostly because of the political chaos in the country back at those times but also been very sharp remarks coming from europe in regards to the detention of units and with many organizations in europe with the parliamentary assembly of europe because of europe all criticizing this decision and urging the authorities in ukraine to release going to machine going to hold a fair and transparent trial on we understand that the protesters which are picketing the detention center that's where i'm standing right now and the quo. building in downtown here are determined to stay there twenty four hours a day and we understand what they are trying to garner more people are asking people from all over the country to come to q. and voice their their protest against the decision to go and arrest some international news for you in brief in our world update over forty people have been arrested and dozens most of the policemen injured after violence flared up in north london protesters attacked police over the fatal shooting of

a twenty nine year old man last week rioters threw petrol bombs at officers as well as torching buildings a bus and police patrol cars more than three hundred were involved in what began as a march to demand justice for the killing. israel supreme court had started during an appeal from the country's former president morsi concept in march he was sentenced to seven years for raping an employee of a cabinet minister in one nine hundred ninety eight he was also convicted and sentenced for sex offenses against two other women during his presidency but allowed to stay out of jail while he appealed the former president has denied any wrongdoing claiming his case was perfectly motivated. hardline muslims in britain have started a campaign to put several areas of the u.k. under strict sharia law banning drinking gambling and listening to music is just a small part of puzzles it's been hearing how they want to instill their tough code

. so we are here to tell you that islam and real is unstoppable in europe stoning for adultery cutting off hands for stealing death of renouncing islam this group of men is trying to enforce should really look for in the u.k. they started a campaign to make certain areas of london and other cities islamic law controlled zones starting with walthamstow east london before you go to meeting you are presenting islam as an alternative to the was a little muslim community also looking to believe that muslims kind of together trade according to the sharia is all the problems. but even police themselves to a large extent hopefully one day to have a summit coverage which will have a quality locally security locally i knew about water locally choudhry and his friends are fly posting parts of london with large muslim populations they want to ban drinking gambling and playing music and they say they've got bands of young men

ready to patrol and in full shari'a law by any means these muslims say british society is broken little with drugs crime and prostitution because of that they firmly believe members of the communities they're targeting will welcome sharia law but the word of the street about the campaign tells a different story comes down to if you don't like the laws of the place you live for and so my way to appreciate the locals this is not in zero pakistan this is our own laws people have no rights can here bringing their laws in here counselor martin eastham agrees saying this could destroy community cohesion. taking down the house assumes that up because we do not want these posters around i do not represent views about power and that they have no place in movement for us this isn't equality campaigners say the shari'a supporters shouldn't be considered a religious movement as a far right political organization with

a poster campaign design. to divide and conquer communities the danger lies in dividing people dividing communities creating mistrust and particularly among from non muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then trying to moderate muslims and say look everyone hates you we're your friend turn to us undeterred by opposition childfree and his group plan what they see is the beginning of an islamic emirate not just of the u.k. but all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say they formed arms a vigilante in forces to make sure syria is headed to bubbly all physically and in other parts of london women have already been harassed for not covering their heads if these muslims ever get their way i won't be able to dress like this on the street so fulsome stay or many other parts of london brussels rome and harris door

and it's o.t. well from stone love to cook a recap of the headlines coming up after a short break. for the full story we've got. the biggest issues get the human voice face to face with the news makers.