after the u.s. was stripped of its pristine aaa credit rating by agency standard and poor's for the first time since one nine hundred seventeen the rating was downgraded to double a plus with a negative outlook u.s. treasury department was put on the defensive saying there's a two trillion dollar mistake and s. and p. is calculations they admitted as much but say they're sticking with their decision saying the huge budget deficit is cause for major concern the drop out negotiations for a debt ceiling deal that gretzky the country from a potential default also shook investor confidence dr rodriguez tremblay from the university of montreal says the u.s. government's hands tied over the economy. it shows a lack of confidence in the u.s. government 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 is it's a bit like a ship without a captain in a storm this is not very nice or very good and it doesn't look very good for the

next two 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 of it very serious policy decisions to counteract the economy don't turn and that danger is that the u.s. economy can turn into an economy depression and that's what politicians american politicians should be trying to avoid are trying to award an economy depression where china is a bit a prisoner of the united states you know the other main creditor of the united states with more than the trillion and a half. dollars or u.s. dollars that they hold. hold in their reserves was the fear what china fears that the fed the american central bank loan money treasury bonds and that. the u.s. dollar that would be appreciated that. investment into us 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 us and buy gold for example the reason why gold is going up so fast is because countries like china and india are buying gold instead of buying u.s. dollars. 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 u.s. economy artie's marina porton i has more. help us avoid 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 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 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 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'll i 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 with the your community is making noises chinese making noises were you know 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 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 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 the 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 also braced more for a monday morning after they took a hammering last week meanwhile e.u. central bankers 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 the euro zone's third largest economy the country needs help this week europe and america's debt difficulties triggered panic on the markets that saw the worst plunge from its 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 that is bigger than the total government debt of arland portugal and greece put together before the end of this year it will be needs to sell bourne's debt 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 is being. italy is huge need is just too big to manage in any way be rescued in the way that all their economies have soufan are being bailed out by the e.u. that is what the euro zone needs to do is completely rethink the approach that they currently have which i'd actually a completely new approach sometime by september october or maybe november we are in severe danger that the euro zone is going to collapse. still ahead in the program new political upheaval grips ukraine as police around the tent city set up by supporters of detained former prime minister yulia timoshenko the threat of the security forces lurks in the background also. in a landmark trial former egyptian president hosni mubarak faces charges of conspiracy to murder and corruption but many feel little has changed since the

revolution. first though at least forty two people have been killed in syria's eastern city of darryl's or in a government crackdown on protesters scores of tanks and armored vehicles are reported to have entered several areas of the city after heavy shelling according to reports another twenty died in clashes across the country this comes only hours after the country's president bashar al assad declared syria was 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 professor mark all the end of modern history lecture at oxford says there's a lot going on behind the scenes in syria. who turned suitors peaceful demonstrators against the tension there is a time for shit for you is who weapons have. iraq a moment because some groups who hold the americans years ago. grow more. because. we have also. to.

intrigue going on behind the rhetoric. about democracy to iraq who represents the i think the real danger is that we could see nobody who are in syria. while the revolution is over but if you in egypt say their lives are getting any easier even considering that their former president is finally on trial charged with killing and corruption because new mubarak denied 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 the eighty three year old was in a hospital. bad when he appeared alongside his two sons and top aides also accused of corruption and mass murder but six months after what was toppled the post-revolutionary chaos makes many egyptians here and for days gone by heart his maria financial 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 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 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 divide station caused by and rest and political uncertainty muhammad's enterprise has been badly affected now he can barely a food to feed his children he says the wind of change may have brought freedom to egypt but it's brought a survival stone in its wake. 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 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 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 leave. the people. and. the people now. about mubarak as well much better than that there. would be a better solution. there very sad that is our 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 but all he says sounds

a lot like south conviction that i get 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. recent need demonstrations in the square show that there's toys this man has been pushed to the limit and it's protests versus patience and the battle to save egypt from crumbling further. r t cairo. and life may only get worse for the egyptian people as they fall prey to a political game according to william engdahl who has written extensively on the egyptian 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're held that doesn't bode bode well at all for he just so i don't think the 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 to vent their anger at the high cost of living in an affordable housing prices israeli prime minister benjamin netanyahu responded by appointing

a new financial team responsible for examining the reduction of taxes and improving access to social services those are his policy reports protesters are concerned that they're still not getting their message across. 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 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 that they didn't a young woman set up the 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 to. back you know back in the studios ok there's a protest well what exactly is the protests the social protests. it's not the same

kind of story that they used and 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 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 that is the israeli palestinian conflict also the israeli lebanese and syrian conflict and anything that doesn't kind of foot into that. immediate 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. in the oven and they've 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 the corner by some of the people and optimism perhaps that they can bring down the government in the way they made the same time his school. bus was the cameras they will stop him if they push for to see. that they. are keeping a close eye on developments in israel at r.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 r t underscore on twitter to turn to facebook you can search for our team news you'll find our top videos our top stories and video there plugs money more and much more and you can also join the discussion on what you're seeing on our air plus there's our rapidly ever expanding you tube channel where our reports and programs are available twenty four seven can subscribe to us and explore news from russia around the world.

couldn't take three. three. three. three. three. videos for your media project a free media. events of early august three years ago change the map of the caucasus forever the five day war on leash by georgia against its former republic of south though said he left the region devastated blocking any chance of reconciliation in the foreseeable future arnesen medina cochon of our reports on the new remember and ceremony for the victims of the conflict in the south especially in capitals and ball. here in the central square of the capital city the morial services are under way this so many started as a love in thirty five that exactly the time when george opened fire over the city

throwing people out of their bad so hundred have come here to light candles and pray for those who died had three years ago in a brief conflict mamie are listening to the rag the elements and they're looking at pictures that was taken if you ring the cars wrecked and are being shown on why screens that are placed across the square at 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 local so we talk 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 suffering and pain to all the bereaved families who can justify any words the 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 as really 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 search was on monday the war lasted for five days but hundreds were killed and many injuries and the face of the city has changed three years with a new residential areas in new rows and hearts being opened still locals say they are trying to restore their lives and memories of what how. and here still alive in their hearts. russian peacekeepers station at the south ossetian capital were among the first to experience the georgian and slot president dmitry 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. completely out of his mind maybe it's just a provocative act and maybe he stress testing setting ins and 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 i'll wait for another update some more time passed and 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. to be sure medvedev gave that interview to r t along with the radio and georgian t.v. channel peek extended interview coming your way in about ten minutes here on r t stay with us also still ahead in the program cutting the hands off thieves in the london hard line islam is for us for the introduction of tough shari'a laws in the british capital is coming your way. first the riot police have surrounded tent camps set up in ukraine's capital by supporters of former prime minister yulia timoshenko who was arrested friday protesters fear officers may storm the camps after the court where her trials happening band gatherings outside parties alexei has more from kiev. ukraine is former prime minister yulia timoshenko still remains in detention center in kiev following the decision by according to placed on the arrest before 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 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 down . they are determined to stay there twenty four hours a day and when their 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 a place to rest. to and out of some other stories making headlines across the globe more than forty people have been arrested and dozens most of them policemen 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 or police and torching buildings a bus and patrol cars more than three hundred were involved in what began as a march to demand justice for the killing. israel's supreme court has 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 nine hundred eighty 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 to former president tonight any wrongdoing claiming his case is politically 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 all of just a small part of their proposals artie's laura m. it has been hearing how they want to instill their tough code. so we are going 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. because of these numbers and try

to to to the muslim of an almost community also looking to believe that together trade according to the sharia is all the problems. and even police themselves to a large extent hopefully one day to have a summit coverage which will have a prodigy locally locally idea of modern warfare 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 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. this is not india or pakistan this is england we've got our own laws people have no rights 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. and they have no place to move from forests citizen equality campaigners say the surest supporters shouldn't be considered a religious movement but a far right political organization with opposed to campaign design. 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 in forces to make sure syria is to verbal 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 and it's r.t. well some story love that. is there as main news walker be back with a recap of our top stories in a few moments stay with us. bryanston

. moon and sun moon from phones to. screen stunts on t.v. don't come. wealthy british style.

markets why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report. for

thirty am in moscow or bring you today's top stories in a look back at the week's news on our team the u.s. stripped of its prized aaa credit rating for the first time triggering fears of another global financial crisis has investors ready for all black monday the downgrade comes despite the white house making a last minute deal with the republicans to raise the country's debt ceiling. meanwhile the eurozone debt woes provoked a turbulent week with european central bank. there is now agreeing to buy italian and spanish bonds to stop the rot in brussels is concerned italy's economy fails and would be too big to rescue and could drag the whole currency down with the. demonstrations in israel as a quarter of a million protesters demand the government drive down the cost of living or go prime minister netanyahu 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 the republican side.