the u.s. was stripped of its perfect aaa credit rating by standard and poor's for the first time since one nine hundred seventeen its rating has been downgraded one notch to double a plus with a negative outlook u.s. treasury department was put on the defensive saying there is a two trillion dollar mistake in our calculations s. and p. admitted that but is sticking with its decision saying the huge budget budget deficit is cause for major concern drawn to negotiations for a debt ceiling deal that rescued the country from attentional default also shook investor confidence dr rodriguez tremblay from university of montreal says the u.s. government's hands are tied over the economy. it shows a lack of confidence in the u.s. government and we are in there within an economy stormy to you no way and it seems that the as a and b. and other economists are saying the u.s. government the spiral i is it's a bit like a ship without a captain in a storm this is not very nice very good and it doesn't look very good for the next

three years because the election is on me in two thousand and twelve and then at the end the u.s. government is deadlocked and cannot do any very serious policy decisions to counteract the economy don't turn and that danger is that the u.s. economy can turn into a good economy depression and that's what politicians american politicians should be trying to avoid and are trying to award an economy depression where china is a bit of a prisoner of the united states you know the other main creditor of the united states with more than a trillion and a half. dollars the u.s. dollar is that the old. hold in their reserves was the fear when china fears that the fed the american central bank loan money treasury bonds and that. the u.s. dollar that would be appreciated investment in the us. yes and they would be. paid

back with monkey money that's why they are afraid down the road and they may try to draw from investing in the u.s. and buy gold for example the reason why gold is going up so fast is because countries like china and india buying gold instead of buying u.s. dollars. a long lasting political bickering over the u.s. debt ceiling followed by a last minute deal was widely seen as another factor in undermining trust in the u.s. economy artie's marine important has more. help us avoid the fall debt ceiling a nation default and this crisis time's running out the entire world is watching it's been a public spectacle filled with bickering grandstanding and lack of compromise i devise a debate over raising the u.s. debt ceiling created an unprecedented climate of uncertainty over america's so-called sound economy the 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 won't blow up again since the underlying causes economic problems are getting worse in this country four 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 decide. if 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 the european community is making noises chinese making noises we're going to we're 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 say 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 dad but really because we're not creating any way to get out of that 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 marina port naya r.t.

new york. european markets are also braced for a monday morning after they took a hammering last week meanwhile even central bank officials have agreed to buy italian and spanish government bonds to calm the markets this after the german government reportedly admitted that the e.u. rescue fund won't be able to save italy euro zone's third largest economy if it needs help this week europe and america's debt difficulties triggered panic on the markets that saw the worst plunge of two thousand and eight economic journalist patrick young says the e.u. needs to change its crisis approach. let's try and understand the size of the numbers here the italian government owes one point eight trillion euros now that means nothing to anybody but dottie's bigger than the total government debts of arland portugal and greece put together before the end of this year it will be needs to sell bolton's debts which is equivalent to the whole

of the greek government bond market in other words all of the greek debt that we've been talking about for weeks and weeks and weeks as being. italy is huge need is just too big to manage it any way be rescued in the way that other economies have soup far being bailed out by the e.u. that is what the euro zone needs to do is completely rethink the approach that they currently whop which i'd actually a completely new approach sometime by september october or maybe november we are in severe danger that the eurozone is going to collapse so ahead in the program a new political upheaval grips ukraine police surrounded that tent city set up by supporters of detained former prime minister yulia timoshenko a threat of security forces lurks in the background also. a landmark trial former egyptian president hosni mubarak goes on trial for conspiracy and murder conspiracy to murder and corruption. but many people feel

a little has changed since the revolution. first though at least forty two people have been killed in syria's eastern city of bears a day or hours or in the government crackdown on protesters there scores of tanks and armored vehicles are reported to have entered several areas of the city after a heavy shelling according to reports another twenty died in clashes across the country this comes just hours after the country's president bashar al assad declared syria is headed toward reform activists say more than sixteen hundred people have been killed in clashes with pro-government forces since the uprising started in march modern history alexis a lecturer from oxford professor mark almond says there's a lot going on backstage in syria. who turned suitors peaceful demonstrators against the patient can tell you shit. is who weapons have. a moment to some groups who hold the americans years old.

girl mark aside. because. we have also. to. intrigue going on behind the rhetoric of folks who. are who represents. the real danger is that we could see you know very well some who are in sort of. the revolution is over but few in egypt say their lives are getting any easier even considering that their former president is finally on trial charged with corruption and killing hosni mubarak deny the charges against him at the opening of his hearing into accusations of 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 are also accused of corruption and mass killing but six months after mubarak was toppled the post-revolutionary chaos makes many egyptians yearn for what happened four parties maria for a notion that. this quake in 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 that means liberation while the revolution of january put this part of the globe on the map but apart from that what else did it bring in 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. between the economic devastation caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely afford to feed his children he says the wind of change may have brought freedom to egypt but it's brought as survivals tong in its wake. but you know i love the revolution when it happened i welcomed it that looked at the time like a light at the end of the tunnel you 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 hit 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 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 very. very hopeless but people now going about mubarak as well much better than that there is. a bit of aleutian and this in fact is a very sad that is our people are indeed tired even those who back the changes this young man is from the revolution youth caliche and he tries to remain up to me.

because he says sounds a lot like south conviction that it gave us like we've been living under mubarak for many many years to me i'd see 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. reason to need to mistreat the square show that there's twice this has been pushed to the limit and it's protests versus patients and the battle to save egypt from crumbling threw them. out t. . and life may only get worse for the egyptian people as they fell prey to a political game according to f william engdahl who's written extensively on the egyptian uprising. there has been no revolution in egypt i said so in an r.t. 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 change 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 no 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 us were brought on to 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're held that doesn't bode bode well at all for the just so i don't think young people have more democracy i think perhaps even less. in neighboring israel more than a quarter of a million people took to the streets saturday venting their anger at the high cost of living and on affordable housing prices israeli prime minister benjamin

netanyahu has were corresponded by appointing a new financial team responsible for examining and the reduction of taxes and improving access to social services but the move hasn't stopped calls for an egyptian style revolution with one area of tel aviv being read. corner by some but as are his policy reports protesters are concerned that they're still not getting their message across. tens of thousands on the streets of these real angry and protesting for change but is anyone listening going 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 hadn'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 ect they didn't a young 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 to. you know back in the studios ok there's a protest well what exactly is the protest a social protest. it's not the same kind of story that they're used to it's not as big and dramatic some of the bigger revolutions happening around the middle east and i mean isn't surprised by the worldwide lack of media interest he's worked in these weighty place for decades reporting 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 or so the israeli lebanese and syrian conflict and anything that doesn't fit into that. immediate time 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 in the oven 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 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 in the corner by some of the people here an optimism perhaps that they can bring down the government in the way they may visit in time his school. bus was the families they were known stop. a pretty absence for to see. if. we're keeping an eye on developments in israel at our t dot com and if you follow our twitter feed you can hear straight from our worldwide correspondents with the latest news and updates that's at our t underscore on twitter on facebook you can search for our team news you'll find our top videos videos and stories waiting there for you where you can also join the discussion what you've seen on our air there's also

a rapidly expanding and extensive channel on you tube our reports programs available when you want them and some scribed to us and explore news from russia around the world. couldn't take three. arrangement three. three stooges. video for your media project a free media. the events of early august three years ago change the map of the caucasus forever the five day war unleashed by georgia against its former republic of south the region devastated blocking any chance of reconciliation in the foreseeable future. reports from their member of the memorial ceremony for the victims of the conflict of the south are starting capital. here in the central square of the capital city. services are under way this so many started

as a loving three that exactly the time when george opened fire over the city throwing people out of their bad hundreds have come here to light candles and pray for those who died had three years ago in the. conflict mainly are listening to the rag the elements and they're looking at pictures there was taken was during the conflict and they are being shown on why screens that are placed across the square the atmosphere here is of course a very male wearing black and some women even have a picture of their dad or relatives on their chests locals we talked to say that we never expected such a sudden attack. it's very difficult to answer this question because in any case who are always pre-supposes the suffering and pain to all the bereaved families you can't justify by any words reasoning can bring back the lives of the innocent

people and i think we should realize that such mistakes should not be repeated and we should put maximum effort to avoid the suffering of children human life is very precious o'conner for being responsible when it comes to who can kill people over territory or borders or any other reason we put our governments choose to use. the georgian aggression and the tough policy of such is really evil my deepest resentment i think we should all live in peace and try to find ways of communicating other than war. memorial services will continue in different parts of the monday the war lasted for five days but hundreds were killed and many injured and the face of the city has changed three years with a new residential areas in new roads and. still locals say they are trying to restore their lives and memories of what happened here still alive in their hearts . russian peacekeepers station out here says here in the capital were among the

first to experience the georgian president medvedev recalls the tragic events of that night. let me remind you what was going on there on the night between august the seventh and the eighth i received a phone call from the defense minister i was on vacation at the time sailing down the volga river and the whole world was looking forward to the olympics that were about to take off in china the minister told me that georgia had launched a full scale combat operation to be honest my initial reaction was complete doubt i told the minister we should check this really completely out of his mind maybe it's just a provocative act and maybe he stress testing your settings trying to send us some kind of message and i will later the minister reported to me this is no bluff they've unleashed an all out artillery barrage and they're using grad rocket launchers and whatnot i said all right old wait for another update some more time

passed in the minister called again i have something to tell you i believe they've just leveled a tent full of our peacekeepers killing every one of them what was i supposed to do i said return fire and shoot to kill. mr medvedev gave that interview to r t along with the radio when georgian t.v. channel k extended version is coming your way in about ten minutes so stay with us here on r.t. . also coming up in the program cutting off thieving hands in london hardline muslims pressed for the introduction of top islamic sharia laws in the british capital stay with us for that. but first riot police have surrounded tent camps set up in ukraine's capital by supporters of former prime minister yulia timoshenko who was arrested on friday the protesters fear officers may storm the camps after the court where her trial is taking place banned gatherings outside parties like sarah shows as. ukraine's former prime minister yulia timoshenko still remains in detention center in kenya following the decision

by according to place on the arrest the four that you 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 they've also been very sharp remarks coming from europe in regards to the detention of you to go with many organizations in europe with the parliamentary assembly view of 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 are picketing the detention center that's where i'm standing right now and the court building. in downtown they 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 protest against the decision to place. turning now to some other stories making headlines across the globe more than forty people have been arrested dozens most of them policemen were injured after riots flared up in north london protesters attacked officers 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 demand justice for the killing. of israel's supreme court has started hearing an appeal from the country's former president moshe katsav in march he was

said to seven years for raping an employee while he was a cabinet minister in one nine hundred ninety 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 has denied any wrongdoing and claimed his case is politically motivated. hard 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 their proposals or he's laura m. it has been hearing how they want to instill their tough code. so we are here to tell you that islam. is unstoppable in europe stoning for adultery cutting off hands for stealing death of 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 will from stone east london will be along the good of the evil because of the zombies and try to to the muslim of an all muslim community also looking to believe that muslims believe together trade according to the sharia is all their problems. but even police themselves to a large extent hopefully one day to have islamic emirates which will have a prodigy local committee locally on the robot all for local 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 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

somewhere where you do appreciate the law this is not indira pakistan this is our own laws people have a right to coming here and bringing their laws in here counselor martin agrees saying this could destroy community cohesion. around the power taken down the post as soon as i put up because we do not want these posters around i do not represent . that they have no place in the forest citizen equality campaigners say the shari'a supporters shouldn't be considered a religious movement but a phone right political organization with opposed to camp. pain designed to divide and conquer communities the danger lies in dividing people dividing communities and creating mistrust 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 to where your friend turned to us undeterred by opposition childfree and his group plan what they see is the

beginning of an islamic emirate not just in 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 bands of vigilante enforcers to make sure she is ted 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 street so both of them stay or many other parts of london brussels rome and paris and it's all tea well some story love to. stay with us here and i'll be back with a recap of our top stories in a little bit.

two thirty am in moscow the headline the u.s. is stripped of its prized aaa credit rating for the first time triggering fears of another global financial crisis as investors ready for a black monday the downgrade comes despite the white house breaking all last minute deal with the republicans to raise the country's debt ceiling. in the eurozone debt woes provoked a turbulent week with european central bankers agreeing to buy italian and spanish bonds to stop the rot brussels is worried if italy's economy fails it would be too big. the rescue one could drag the whole currency down with it. plus demonstrations in israel as a quarter of a million protesters demand the government drive down the cost of living or go prime minister netanyahu has set up a team to look at reducing taxes but the opposition says he's trying to end the protests not deal with the issues. and finally we go to the republic of south ossetia marking three years.