join the hotel rooms and see a movie that's the case we go to the grand imperial truly the tallest west coast coromandel you can go with her till the closeness of her to sedona to go clear brenda said the colonel was her child as a retreat. from source in a week on r t financial crowd on strict a last minute deal with that crisis card to save the u.s. from a shock credit downgrade. which rounded up wall street's worst week in over two years and with the debt problems in europe also a crisis point the markets are braced for monday mayhem. also in the headlines egypt's top president goes on trial on charges of mass murder and corruption but people feel the revolution regime that replaced it is difficult better. and it may bring israel hundreds of thousands of people take to the streets in an unprecedented nationwide rally demanding the government make living costs lower all

go. hello this is r t watching the weekly a roundup of the top news stories from the past seven days with me kevin owen it's now nine pm here in moscow and first on friday the financial world was shaken after the u.s. was stripped of its top tier triple a credit rating by standard and poor's agency for the first time since one nine hundred seventeen its ratings been downgraded to double a plus with a negative outlook white house officials on the defensive though saying there's a two trillion dollar calculation mistake s. and p. admitted that but it's sticking with its decision unless saying the huge budget deficit is still a cause for major concern all this despite the last minute debt deal which naturally rescued the country from default economies and told us the stock markets

are set to go crazy on monday. i do think this sunday night local time here in new york or monday morning for each year 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 had all feared as 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 fallen 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 united states leadership that will look on me as another kind of strike against it and i would remind people to the s.

and p. didn't just downgrade united states they put us on further down green watch they're suggesting it just downgrade the big inning of a process and not be am. america's ratings cuts minister sponsored actually china is demanding independent supervision now of the u.s. dollar operations and its calling for a new stable reserve currency simple based investor in all for jim rogers said that i desired he is justified to do. all the asians already know that america has got problems all of us are already moving out of the us 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 dead is skyrocketing going through the through the roof america's in worse shape now than it was before america spent a lot of money and people who got their money better are but the overall situation is much worse america's quadrupled it's their america to take in they consider a big things a paper guaranteed they printed huge amounts of money you know the world has gotten

worse the world hasn't gotten better but it is sure the u.s. will go far 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. still more about the us rating downgrade then i talked to dave johnson from the campaign for america's future which provides analysis of economic issues in the u.s. and poising a lot to talk about for a good evening to you thanks for being on the program so let's just get this straight some of them pull was stripped the u.s. of its top notch rating it just before the movie stuck with its aaa rating after the deal was reached late last week while the two different verdict. this is unusual i have to say the standard chorus would do this you keep in mind in the context of everything you're hearing not long ago when they extended the tax cuts on the wealthy in the united states none of them spoke up so this this is question

a host it seems to be more related to a political agenda then the economic agenda because the economic agenda or that i'm sort of economic conditions are not as bad as we're here so so is a lot of this the problem and the politicians in the squabbling is not going on is that what a lot of this if this lack of trust is coming from them well standard of course did say the threat to take the united states to default in order to keep the country from raising taxes wasn't accurate and there is but remember other ratings agencies have not downgraded this does not affect. any. institutional investors because of the number of ratings agencies that have downgrade in so china is not happy though it all is it is it's a very angry about what's happening in america and of course it's the biggest holder of american debt is there any danger the beijing could withdraw its funds

from the u.s. keep in mind that the reason china is the biggest holder of american is because there has been a one way trading relationship and china were to take some of those treasury dollars they own and use them to purchase american goods the economic situation and the worldwide economic analysis which starts and needlessly going to washington carry on doing this to the untrained eye i guess looking at it you can't just keep borrowing borrowing borrowing borrowing somehow you've got to face these economy at some time allows is going to go on. well that's your question is and don't forget the reason that the deficits began was these tax cuts that we've had and then the huge increases in military spending and if you want to address those things you could address them remember that cutting government spending does not. change the nie brisbane's particular misspending the money on what it does is it because it

shifts the spending in many cases it actually increases the burden on the economy because individuals are not able to do what a government can do on an economy of scale so actually works s. and p. is demanding here is the government eight four trillion dollars out of the economy they're not advocating that we invest for growth growth creates jobs jobs then means that people are pain taxes and not receiving things like unemployment compensation or food stamps so keep that in mind as you follow this some day so those the away ahead is not being paved with gold all of them when is it no better times ahead by those plans are being laid anyway and of course this downgrade came too late to affect the markets late last week that saw their worst week since two thousand and eight was going to some or a when the stocks open i don't expect much reaction at all remember that they had already factored distance and decision making everybody knew this was likely and

also keep in mind also that it is one rating agency not three the other two are sticking and the effect on interest rates will be negligible and ok well will be played out tomorrow see if the right is not they've done something counting for america's future thanks for joining us. ok. european markets also brace for monday morning after they took a hammering last week a new 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 rescue fund will be able to save italy the euro zone's third biggest economy if it leads this week europe and americas that difficulties triggered panic on the markets which saw the worst plunge since two thousand and eight economics journalist patrick young told us it's high time the banks stopped cashing in on the troubles. the european union's be alive is on the verge of running out of money as soon as one of those major economies such as spain or italy

default and every day the market is saying it is terrified of the debt and it's been built up in the system and it's appalled by the fact that nobody in the eurozone munched actually leader so i can 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 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 born stinking that would be an endless of cheap interest rates for all of these countries and effectively begin is up but players over governments need to step in they need to restructure the market and we actually need to see that demon word defaults in other words some of the ports have to go bust or the bonds have to be restructured and ultimately some here must end up with the banks and expert come into from economic analyst michael ross are told this is not the euro debt that's 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 we had this week. it was the beginning of the end what is the illness that has three got all these problems the illness is called debt all western nations all the debt they lose their credibility and what happens when they lose their credibility then banks are going bankrupt and i'll tell you another thing only in a short time all variants of the most important things world riot in the western world will be taken over by government by the governments and another thing it's not a discussion about the euro and the jets in europe this is of course problematic issue it was the discussion of god the debt ceiling in united states that triggered all this mess. so the european central bank trying to figure out how to fend off financial collapse and it's a little bit discussing more about that next hour of stay with us when patrick

young will be with us live he's author of the book the gathering storm. almost sixty people have reportedly been killed across syria as the government continues its military crackdown on protesters forty of those for to tell it is the said to be in the city of dear old zuhur and twelve in homes province this is just the latest of many barlows responses to the unrest which began in march earlier this week government forces stormed the city killing up to twenty full human rights activists say that overall more than line 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 will discuss the latest let's talk to oxford now and modern history lecturer professor mark of is joining us from our studio professor raman thanks again for being on the program so then as a measure just yesterday the syrian government promised that free and fair election by the end of the year then just a few hours later launched a bloody sea where's the logic in that no. well it depends what you call recreate

her election the syrian government regardless i was under attack. we recruit russian the muslim brotherhood and i think we're progressed to a stable or a situation in order that includes personal solution was to marry or coalition question is. why don't these two groups. we corporations are roughly speaking we're running around about a six year old percent sunni muslims and going minorities including the president and our rights group who are going by some muslims heretics friends or show rights and murderers on both iran so it's a question of where to who can turn. this into a masterful couldn't have elections addition to one side as a make something out of rivalry exist so this latest heavy hand we've seen has not gone down around and around the world it has not gone down at all well russia for

instance is increasing its rhetoric has got a lot tougher moscow now saying that he was grassed diplomacy or quote assad future awaits let me ask you what's pushing even relatively friendly nations to take a much harder line now it does stage. well it's not quite clear what he's pushing sense to do this because spoke russian. interests in a stable so maybe they have decided there is going claps urgings and collapse of the russian government situation so to be a better place to have good relations with very interesting question i think myself and like who he says if the assad regime collapses and i were i think we take our entire list are likely to radically oppose for anybody who's a friend that overhang so that for instance russia's economic needs space as we agreed on the mediterranean opening disappear. on the other hand if president assad

stays in of course you know we think it is much more isolating to be something our neighbors like her. and i think that's reckless are actually starting is a growing tension with turkey and a very hard line coming from the prime minister. about what he sees us on tunnel much as we start putting out a common border similar to some extent breaks during our citizens of turkey or our worker and the relatives in the. back row with the next we're going to show you the governor and. see meet with the track of american citizens in order to her. months ago which seemed quite amount but they were discussing with the first as the politics play out in front of our eyes the bloodshed goes on i mentioned a human rights activist saying that you know overall maybe more than one and a half thousand people have died since this whole started how long can this bloodshed carry on. well there's always two sides of questions i think one of the problems is we tended to see it as peaceful demonstrators and so if

a patient there is we're going to help people save the ship but there's a lot of weapons have come into civilian screening some of iraq wrong i've only seen the sort of some groups in the south americans in the early years of your patients they have friends or and there are you might consider myself because he's a criminal so we have also letters of it's nothing like intrigue going on behind the russian record both sides talking about iraq about who represents the people and so i think the real danger of these african consumer of a low scale civil war in syria and you see the evidence that some of the minorities who was the questions for instance. are told they will help replace a christian in iraq and that seen by some of the opponents osama's increasingly collaboration with their team so as the interim inter communal farms i should say it's a very very dangerous situation but it could also it's well i was cooling we were

going turkey jordan iran and so i think i think people who talk about international intervention have been a very. bad situation. and i feel worse than ever will be function didn't appear to be working military intervention if we judge syria is a case in a way doesn't appear to work either what is the solution as you see it what can be done here on the well that's not going to help maybe by taking a class at his word or very saying look let's have elections referred to legalize or broken let's see the evidence on the ground let's see your position on the proposition being established the danger is as i said the violence and moments of that neither side of this conflict with buckles were given and. any concessions like a return not separation of expressions of which the bible more. try to explore it could be.

and what will be and. which is of course of the reasons are you who. are in your home the first markham and modern history lecture in oxford thanks for your thoughts on the programme. let me turn the revolutions over but few in egypt say their lives are any easier even considering the former president's finally on trial charged with killing and corruption wasn't about denied the charges against him in the wake of the opening of his hearing into accusations of already the killing of test is if convicted of a barrett could face the death penalty for eighty three year olds in a hospital bed when he appeared alongside his two sons and top aides were also accused of corruption a mass killing over six months after mubarak was toppled the post-revolutionary chaos makes many egyptians yearn for what went before arty's briffa national 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 the three of means liberation well the revolution of january put this part of the globe on the map but apart from that what i'll state is bring the people of egypt. this man has been running his own business for thirty five years it used to bring him enough money to send his son to study to canada and take his large family abroad one seeing it with economic devastation caused by and rastan political uncertainty muhammad's enterprise has been adding factors now he can barely of food to feed his children he says the wind of change may have brought freedom to egypt and it's brought a survival strong in its wake. you know i love the revolution when it happened i welcomed it but look at the time we call life at the end of the tunnel we see it's 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 nation's successful arab spring chapter it took eighteen days to end one of the world's longest dictatorships the five months on there is little satisfaction and dictator free egypt is far from the best place to live and one of the people getting ready. and getting ready hoppers. will now be about more. than a day is a day and back and they're very sad because our people are indeed tired even those who backs the changers. 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 a good number of us say 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 to mistreat sions in the square should the police try a system has been pushed to the limit and it's protests versus patients in the battle to sleep egypt's from crumbling further grief an optional r.t. kyra. meantime in neighboring israel there are scenes reminiscent of egypt 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's after three weeks of protest over soaring cost of living that to mr manning the prime minister steps down by the minute his parts responded with the promise of a great change for israel's economy

a special pals themself to deal with a crisis which is even led to calls for an egypt style revolution with one television street labeled as israeli tahlia exults is policy 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 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 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 young a woman set up a tent like the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting. editors back you know back

in the studios ok there's a protest well what exactly is the protest the social protests for the revolution it's not the same kind of story that they're used to it's not as big and dramatic as some of the bigger revolutions happening around the middle east and i'm hearing israel isn't surprised by the worldwide lack of media interest he's worked in the israeli place for a decade but pushing for media both foreign and local there is a box that the international media has put israel in and that is the israeli palestinian conflict also israeli lebanese and syrian conflict and anything that doesn't kind of thread into the. immediate type of of news item which is unfortunate that just makes hundred reyes and his angry following day she's been camping here furious that she can't make ends meet as a university student in excel says that when egypt decided to stand up and say we've had enough and when in lebanon they decided to say we've had enough the media

was all over there i haven't seen anyone from c.n.n. or fox news or any other big news channel here and it's really sad we also deserve a chance to be heard out on the streets has been dubbed tough your corner by some of the people here an optimism perhaps the baby to bring down the government in the way the neighbors in tahrir his school hi-lo did bash was the plan was they were willing nonstop here they push ups and policy at nazi time. but we're keeping a call or course a very close eye on developments in israel about si dot com our web site you can follow our twitter feeds a link to twitter you can is straight from our worldwide correspondents for the latest news updates and siddharta on the small car and also on facebook to search for r.t. news where you'll find our top videos stories really way before you can also join the discussion on what you think on our terms with great is. rapidly.

well worth a look as well we've got reports from programs that are available exactly what you want to save them subscribe to us to explore news from russia and around. the. nation three couldn't take three years for charges three three three. three stooges three. three broken videos for your media projects a free video dog party dot com. riot police and surrounded tent camps set up in ukraine's capital by supporters of former problems to you it was arrested on friday the protesters fear officers may storm the camps after the call taking place banned gatherings outside. he's got the latest for you from kiev . ukraine's former prime minister yulia tymoshenko still remains in detention

center in here following the decision by a board in kiev to place on the arrest for that you would have been forbidden to leave the country now she was put behind bars as the judge just 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 and also been very sharp remarks coming from europe in regards to the detention of units in the franco with many organizations in europe of 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 pension center of france and right now and 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 ground arrest. let's here is just your correspondent across that story for you tonight also embrace over forty people have been arrested dozens most of the policemen injured after riots flared up in north london this weekend the first of attack the offices of the fatal shooting of the twenty nine year old man last week rioters threw petrol bombs at police and torched buildings a bus and control cause more than three hundred were involved more began as a march to demand justice for the killing. israel supreme court started hearing an appeal from the country's former president moshe katsav in march he was sentenced

to seven years for raping an employee while he was a cabinet minister in one thousand eighty eight and was also convicted and sentenced to 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 is politically motivated. so he's run up this half hour off on our travels in a couple of minutes we'll take you on a trip to a cause here with a cool coat coaxes mountains in the black sea make a perfect combination for tourists at lunch first live from moscow in just a couple of minutes.

just saw. the span. the same. on.

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