eight pm here in moscow and first 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 s. and p. admitted that but it is sticking with its decision saying the huge recession is still a cause for major concern all this despite a last minute debt deal which narrowly escaped the country from default economist says the stock markets are set to go crazy on monday. i do think that sunday night local time here in new york or monday morning for egypt 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 dear i was 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 that spent the last week fall and got a flight of stairs so i think we're at a fairly 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 to double a plus could not be worse it sets up an environment in which symbolically politically and economically the united states leadership the global economy has another kind of strike against it and i would remind people to the s. and p. didn't just downgrade the united states they put us on further down grade watch they're suggesting that this downgrade may be big in a number process and not be am. america's ratings cut smethurst response internationally china is demanding independence supervision now of the us dollar operations and is calling for a new stable reserve currency singapore based investor north jim rogers says that

anxiety 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 debt is skyrocketing gone through the debt a through the roof americans 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 it's dead america if you take in the consider the things that they guaranteed they printed huge amounts of money you know the world has gotten worse the world hasn't gotten better but they sure the us will 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 the long lasting political bickering over the u.s. debt ceiling followed by the last minute deal is widely seen as another factor undermining

trust in the american economy what is going to put not explained. help us avoid the default debt ceiling nation default 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 of debate over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy he damage been done no matter what happens now everybody really thinks the united states isn't so secure it isn't so safe even if the craziness subsides it seems to have gotten 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 your 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 deciding you have to so many years they were jerks you want to know what or why do how much can i put up with this relationship the u.s. will be in for a long time the only game in jail but the european community is making noises chinese making noises were you know we're not alone now in our ability to be a repository for financing in the world the result could spark 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 let's pay that down but 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 debt 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 weekend to join the campaign. to borrow and spend more make a phone call 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 during a port niall r.t. new york new york based trends for custody general selenski told us about the despite the last ditch attempt to salvage a debt strategy the new great depression might already be on the way 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 delivered in ited states can't deliver the united states can't deliver on its wars it loses wars where there are 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 struck 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 his dulled look at the republicans and the democrats the inept and the incompetence to come up with a program that's going to salvage the nation investors 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. for sergio celeb so you will be returning to the economic woes afflicting both sides of the atlantic just little bit later in the program the worldwide comic selling investors jettisoning their shares in the worst week for stock markets since two thousand and . six egyptians are finally saying the former president go on trial over charges of killing and corruption but many feel the revolution which deposed by the life even tougher knew about it denied the charges against him in the opening of this hearing in two accusations of ordering the killing of protesters and if convicted of barack would face the death penalty an eighty three year old was in the hospital when it appeared alongside his two sons and top aides who were also accused of corruption a mass killing however six months after mubarak was toppled the post revolutionary chaos makes many egyptians yearn for what went before. the stores.

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 means liberation well the revolution of january put this part of the globe on the map but apart from that what else did it bring the people of egypt. this man has been running his own peace and his for thirty five. it used to bring him enough money to send his son to study to canada and take his large family in the old one see between economic devastation caused by and rastan political uncertainty mohammad's into price has been badly. now he can palliate food to feed his children he says the wind of change to me brought freedom to meet it is a grant and survival strong in its wake. you know i like the revolution when it happened i welcomed it that looked at the time like

a light at the end of the time that we see it's not getting better we have nothing to eat just don't tell me about. for hungry people again it just doesn't matter if it's supply just poverty fuel devolution your growth has dropped from five to just one percent some thirteen million people live below the breadline unemployment has hit twelve percent. egypt's revolution was regarded as the major successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships but five months on there is little satisfaction and dictator free egypt is far from the best place to live in a free of the people who are getting very tired and they are getting ready hoppers the people now are talking about mubarak as well much better than a day after day a better solution and this in fact as they're very sad that is out people are indeed tired even those who backed the changes this young man is from the

revolution youth caliche and he tries to remain optimistic and he says sounds a lot like south conviction that i take it on the other side we've been living under mubarak for many many years too many i'd say but it's great what we 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 demonstrations in africa square show that this toy system has been pushed to the limit and it's trade tests versus patients and the battle to save egypt from crumbling further brief interruption or r t cairo. life said to get only worse two for the egyptian people as they fall prey to a political game says f william and girl he's written extensively about egypt's uprising. there has been no revolution in egypt i said so and 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 still there was a rather healthy growth curve in the last several years even while mubarak 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 youths were brought onto the streets under the illusion that it was and now you have the muslim brotherhood position to become the leading political party in the in the elections when they held. that doesn't bode well at all for just so i don't think young people have more democracy i think perhaps they have an even less . almost sixty people have reportedly been killed across syria as the government

continues its military crackdown on protesters over forty of those fatalities are said to be in the city of the war and twelve in home province it's just the latest of many violent responses to an uprising that began in march earlier this week government forces stormed the city of hama mark killing up to twenty four human rights leisure to say that overall more than one of the half thousand people who 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 says that if syrian leader bashar al assad fails to stop the violence and carry out reforms his fate could be a really are. unfortunately the situation in syria has taken a dramatic turn and we need 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 ideals chris williams need to be carried out but you should establish peace with your position establish peace in the country and create a modern state if he fails to do that then a sad future awaits and at the end of the day we'll have to make a decision we are watching the situation it is changing our guidelines are to. use watch they're part of an extensive interview that dmitri medvedev gave to r.t. as well as the echo radio station and georgian t.v. channel pick and extended versions coming our way a little bit later this hour as well. in israel more than a quarter of a million people took to the streets on saturday night in the latest show of discontent with the government that started three weeks of protests over the soaring cost of living with activists demanding the prime minister steps down but he responded with the promise of great changes in israel's economy a special panel for. set up to deal with the crisis has even led to calls for

a revolution similar to that of egypt with. street labeled as israeli taria but as poor as three reports next 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 to get out 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 has been very violent it's been very hasn't been violent at all it's been 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. cover it they didn't a younger woman set up the tent while the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting. you know back

in the studios ok there's a protest well what exactly is a protest a social protest for the revolution it's not the same kind of story that they used to it's not as big and dramatic some of the bigger revolutions happening around the middle east and i'm in israel 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 in and the israeli palestinian conflict also the israeli lebanese and syrian conflict and anything that doesn't fit into that. type of of news item which is unfortunate that just makes hundred and others angry for nine days she's been camping here furious that she can't make ends meet as a university student in excel said that when he just decided to stand up and say we've had enough and where in. levanon 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 we also deserve a chance to be heard out in the streets has been dubbed the top tier corner by some of the people who have an optimism perhaps that they too to bring down the government in the way they may visit the top of his square. bus whereas the cameras they were willing nonstop here they push the absence for to see a hot seat. and still to come in the program a rest under arrest and grips ukraine as police around the tent city set up by supporters of petain from the problems to the spread of security forces lurking in the background meantime we go to report for you also causing all things being hands in london hardline muslims press for the introduction of tougher islamic sharia laws in the british capital that's coming your way in a few minutes. european central bank officials are holding emergency talks on how

to prevent italy from becoming the next victim of the debt crisis that's after the german government reportedly admitted that the e.u. rescue fund won't be able to save its of the euro zone's third biggest economy if it needs help this week europe and america's debts difficulties triggered tonic on the markets the worst plunge since two thousand and eight you can always join this patrick young told us it's high time the banks stop cashing in on the trouble. figuring paean unions be a light fund is on the verge of running out of money as soon as one of those major economies such as spin or italy defaults and every day the market is saying it is terrified of the debt that has been built up in the system and it's a bold by the fact that nobody in the euro zone won't start she took this problem i think the public is being kept in the dark and it's been sent a lot of smooth messages from the political classes that don't really hold up to the stark reality of markets i think the problem is the. ultimately banks are going

to have to lose money as part of this entire play they originally bought a lot of these bonds thinking that would be an endless nirvana of cheap interest rates for all of these countries and effectively the game is up but players do governments need to step in they need to restructure the market and we actually need to see that demon word just fault in other words some of the bonds have to go bust or the bomb tough to be restructured and ultimately some here in ma stand up with the banks it was the economic analyst michael ross talking to us in the week saying it's not the euro debt which triggered the market panic but the political wrangling in washington. to tell you one thing this is not a normal crisis and this was not the normal crash that we had this week. it was the beginning of the end what is dealers that has three got all these problems the illness is called dead all western nations over debt don't 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 banks all of the most important banks worldwide in the western world will be taken over by government by the governments and another thing it's not the discussion about the euro and the debt in your this is of course a problematic issue it was the discussion about the debt ceiling in united states that triggered of this mess. the market's reaction to the. web site if you follow our twitter feed there's a link on our website and you can hear it straight from. the latest news updates. on facebook to facebook on our website search for. video stories ready and waiting for you can also join the discussion of what you. got reports from programs they are available when he will you can subscribe to us

and explore. the world. critique free storage which is free. range free. three stooges free. old free broadcast quality video. free video. police have surrounded tent camps set up in ukraine's capital by supporters of former prime minister yulia tymoshenko who was arrested on friday the protesters fear officers may storm the. place. is the latest from. ukraine's former prime minister still remains. in here following the decision by. forbidding to

leave the country she was put behind bars. the judge explained because of her bad behavior during the trial now. he's being accused of several very high profile economic crimes including striking. deals with russia back in two thousand and nine it's interesting because there has already been 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 of the country's former prime minister yulia timoshenko they've also been very sharp remarks coming from europe in regards to the detention of you to go with many organizations in europe or the parliamentary assembly of europe the council of europe all criticizing this decision and urging the authorities in ukraine to release 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 the court building in downtown here are determined to stay there twenty four hours a day and when the stand that they are trying to garner more people are asking people from all over the country to come to kiev and voice their their protest against the decision to place the rest. ski reporting also in brief tonight over forty people have been arrested and dozens most of the policemen injured after riots flared up in north london protesters attacked offices over the fatal shooting of a twenty nine year old man last week rioters threw petrol bombs of police and torched buildings a bus and patrol cars more than three hundred were involved in what began as a march to the mount justice of the killing. israel supreme court started hearing an appeal from the country's former president moshe katsav in march she was sentenced to seven years for raping an employee one of the cabinet cabinet minister

in one thousand nine hundred eighty eight 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 is denied any wrongdoing claiming his case is politically motivated. 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 just a small part of the proposals. spin hearing how they all do instill that tough code . so we are here to tell you that islam. is. stoning for adultery cutting off hands for stealing death or renouncing islam this group of men is trying to enforce shari'a law in the u.k. they've started a campaign to make certain areas of london and other cities islamic law controlled zones starting with wolf. trying

to the community. together trade according to the sharia was all the problems. and even police themselves to a large extent hopefully one day to have a summit governments have a security locally and you provide well for local choudhry and his friends are 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. by any means these muslims say british society is riddled with drugs crime and prostitution because of that they firmly believe members of the communities that targeting will welcome shari'a law but the word on the street about the campaign tells a different story comes down to if you don't like the laws of the place you live. this is not india or pakistan this is our own laws people have

a right to commute bring their laws in here councillor martin. saying this could destroy community cohesion we've. taken down the house assumes that up because we do not want these posters around i do not represent. and that they have no place to move in forests this is an equality campaigners say the shari'a supporters shouldn't be considered a religious movement has a right to political organization with a place to campaign design. to divide and conquer communities their 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 turn to moderate muslims and say look everyone hates you we're your friend turn to us undeterred by opposition the law challenge realtors group plan what they see is the beginning of an islamic emirate not just of do

think a bit all over europe police have mobilized to take these posters down as fast as they appear but choudhry and his group say they formed bands of vigilante and forces to make sure syria is to 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 streets of los them stay or many other parts of london brussels rome and paris your and it's r.t. well from stone love to come out to twenty eight minutes past eight pm moscow time somebody reading that here the russian capital paid scope to small feet about fifteen minutes time there was a thrilling matches to dob in the community shield at wembley earlier the rubino a much easier time with spots no chick to score forty of those who were coming up the headlines next in a few minutes with me coming up. it

used to be an ideal place for a holiday good old changed in a moment. the winds of war are still visible. the republic is not only relieved but also shaping

the future. wealthy british. markets. find out what's really happening to the global economy.

hello this is all to moscow you're watching. top stories and the u.s. credit rating has been downgraded for the first time since one thousand nine hundred seventy despite the last minute debt ceiling deal that averted default. osisko on top of wall street's worst performance in over two years and european debt troubles suggesting this. can take. ages for president. up should be wary public says the revolution is not over because the replacement regime is failing to meet a democracy. and just across the border in israel over a quarter of a million people have rallied against the government's they're demanding better living conditions and say they're ready to do what it takes. on the eve of the third anniversary of the south the settee a war president medvedev spoke to r.t. as well as echo must be radio and georgia.