india oh she's available in the movie going to join t.v. to raise a movie that's the gateway to the grand imperial truly the socialist. you can a little it's a little socialist good to see don't need to go and. read this in the kindle was her turn to retreat. the week's top stories on our t.v. the u.s. 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 asian markets have opened and immediately got into negative territory. in the eurozone debt woes provoke a turbulent week with european central bankers now agreeing to buy italian and spanish bonds to stop the rot. plus israelis take to the streets as a quarter of a million protesters demand the government drive down the cost of living hit the bricks. and we go to the republic of south ossetia to mark three years since the

conflict with georgia devastated the region but finally brought recognition. five am in moscow matras are bringing you today's top stories and a look back at the week's news here on r t the opening gala for stock markets in asia has continued the sell off trend with the markets following immediately into negative territory on friday the financial world was shaken after the u.s. was stripped of its pristine aaa credit rating by standard and poor's sparking fears for the global economy for the first time since nine hundred seventeen its rating has been downgraded to double a plus with a negative outlook that's one notch down from the aaa us treasury department's been put on the defensive saying there's a two trillion dollar mistake in s. and p's calculations the firm admitted. as much but says they're sticking with this

position saying the huge budget deficit is a cause for major concern drawn out negotiations for a debt ceiling deal that rescued the country from a potential default also shook investor confidence dr rodriguez tramway from the university of montreal says the u.s. government's hands may be tied over the economy. it shows a lack of confidence in the u.s. government we are in in an economy stormy to you no way and it seems that the as s. and p. and i do economists are saying the u.s. government is spider ally 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 only in two thousand and twelve and then i think the u.s. government is deadlock and cannot do any very serious policy decisions to counteract the economy downturn and that the danger is that the u.s.

economy can turn into a good economy good pressure and that's what politicians american politicians should be trying to avoid cartwright will want an economy depression where china is a bit of a prisoner of the united states you know the other main creditor of being in the states with more than a trillion and a half. dollars of u.s. dollars that they hold. hold in their reserves i was the fear when china fears that the chad the american central bank we will money we buy what treasury bonds and that was this the way started that will depreciate investment in the u.s. 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 more gold for example the reason why well it is going up so fast because countries like china and india i'm 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 is widely seen as another factor undermining trust in the u.s. economy arcades marina porton explains. most of which the full debt ceiling nation default in. that's 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 it could be 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 and 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 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 you have just so many years they weren't sure you want to know what or why did you. put up with this relationship be us will be in for the only game in the your community is making noises chinese making noises or you know we're alone now or will it be harder touring for financing in the world the result could spark a replay of the two thousand and eight at the nomic 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 tears 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 that instead the u.s. president repeatedly asked americans over the past week to join a campaign to borrow and spend more make a phone call email tweet. keep the pressure on washington and we can get past this while the eyes of the world have been following the heated saga playing out between u.s. politicians the main problem not going away is america's debt and the growing realisation that elected officials may never be capable of agreeing on how to solve it. r.t. new york. european markets are also braced for a monday morning after they took a hammering last week meanwhile you central bankers have agreed to buy italian and spanish government bonds to calm the markets this after germany reportedly admitted that the e.u. rescue fund won't be able to save italy the euro zone's third biggest economy if it

needs help this week europe and americas the difficulties to panic on the markets that saw the worst plunge from two thousand and eight economic journalist patrick young says the needs to change its crisis approach. let's try and understand both sides of the numbers here the italian government one point eight trillion euros now that means nothing to anybody but that is bigger than the total government debts of arland portugal and greece put together before the end of this year italy needs to sell bullnose 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 needs just too big to manage it any way to be rescued in the way that all their economies have soup farmingdale dogged by the e.u.

that what the euro zone needs to do is completely rethink the approach that they currently whop which i don't actually a completely new approach some time by september or october or maybe november we are in severe danger that the euro zone is going to collapse stay with us here on r t still ahead new political upheaval gripping ukraine as police around the tent cities apart set up by supporters of detained former prime minister tymoshenko the threat of security forces working in the background plus. 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. oh yes 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 just hours

after the nation's president bashar al assad is clear in syria is headed towards reform activists say more than sixteen hundred people have been killed in clashes with the pro-government forces since the uprising started in march professor mark on the end of modern history lecturer at oxford says there's a lot going on behind the scenes in syria. looters peaceful demonstrators against patients there is a censorship but the fact is the way. we run a moment in some groups in the americans years old. girl rocks are the americans don't like us and. we have also measures of over. who represents. the real danger of these you know very well some who are insecure. revolution may be over but few in egypt say their lives are any easier even

considering their former president is finally on trial charged with killing and corruption hosni mubarak denied charges against him at the opening of his hearing into accusations of ordering the killing of protesters if convicted the eighty three year old could face the death penalty and warrick lay in a hospital bed when he appeared alongside his two sons and top aides who are also accused of corruption and murder but six months after after mubarak was toppled from power post-revolutionary chaos makes many egyptians yearn for days gone by the notion of 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 russian 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 see. it with

economic devastation caused by and rest and political uncertainty. the price has been badly in fact it now he can barely afford to feed his children he says the winds of change may have grant freedom to egypt and its grant and survival strong in its wake. but you know i love the revolution when it happened i welcomed it but look at the time we go live 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 he twelve percent. egypt's revolution was regarded as the most successful arab spring chapter it took eighteen days to end

one of the world's longest dictatorships the five months on there is little satisfaction and dictator free egypt is far from the best place to live and the. really heartless people now. all much. better. and they're very sad because our people are indeed tired even those who back the changes. pace young man is from the revolution youth caliche and he tries to remain optimistic which will he says sounds not like south conviction either of 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. recent three need to mistreat the square issue that pays twice

he's been pushed to the limit and it's true tests versus patience and the battle to save egypt's from crumbling through their grief and optional r t cairo. rice may only get worse for the gyptian people as they far prey to a political game according to william engdahl an author who's written extensively about the egyptian uprising. and there has been no revolution in egypt i said so. in our key 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 tourism is not going to be back anytime soon but even still there was a rather healthy growth curve in the last several years even though 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 the youth were brought onto the streets under the illusion that it was and now you have the muslim brotherhood positioned to become the leading political party in the in the elections when they're held that doesn't bode well at all for the just so i don't think young people have more democracy and perhaps even less. in neighboring israel more than a quarter of a million people took to the streets saturday night to vent their. anger at the high cost of living and are 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 because of his policy reports protesters say they're concerned but they're 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. 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 a woman set up a tent got the editors of france twenty four b.b.c. and sky coughed up just a few meager seconds perhaps not even that interesting to. the studios there was a protest well what exactly is a protest a social protest. it's not the same kind of story the pollution is 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

international media has put israel. palestinian conflict also the. syrian conflict and anything that doesn't kind of fit into that. 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 that you know they decided to say we've had enough the media was only 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 kind of we also deserve a chance to be hurried out of this these kinds of things out that some people corner some of the people get an optimism perhaps that they can bring down the government in the way they maybe even saw his school. bus with the cameras they

will stop him if they perceive absence or to see a hot seat that they. were 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 correspondence with the latest news and updates that's at r t underscore on facebook you can search for our team news you'll find our top videos stories ready and waiting for you and you can also join the discussion on what you've seen and there is a rapidly explain expanding library on our you tube travel along with our reports and programs available twenty four seventh's put away when you run subscribe to us and explore news from russia around the world. three. three. three. three. three. videos for your media project free media. 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 ossetia left the region devastated blocking any chance of reconciliation in the foreseeable future or he's maybe the coaching over a ports from the remember and ceremony for the victims of the conflict in the south a site in top of. the spirit and the central square the capital city. services are under way this. so many started as a loving three. exactly the time when george opened fire with us says you throwing people out of their bags hundreds have you come here to light candles and pray for those who died here three years ago in a brief conflict and many are listening to the regular. answer they're looking at pictures that would take you if you ring the cars and they are being shown on why screens that are placed across the central square of the atmosphere here is of

course the very size many are wearing black and some women even covered pictures of their relatives on their chests locals we talked to say they never expected such a sudden attack. it's very difficult to answer this question because in any case who are always because opposes the suffering and pain to all the bereaved family has become justifiably any words reasoning can bring back the lives of 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 and we can't afford being responsible when it comes to become pure people over territory borders or any other reason we put our governments choose to use. the georgian aggression and the tough policy of sex 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 certainly on monday the war lasted for five days but hundreds were killed and many injuries and so the face of the city has changed still with those three years with the new residential areas in new roads and harvests being opened still locals say they are trying to restore their lives and memories of what happened here are still alive in their hearts. russian peacekeepers stationed out of the south ossetian capital were among the first to experience the georgian president dmitry medvedev recalls the tragic events of that low. let me remind you what was going on there on the night between august the seventh and august 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 so i looked to be honest my initial reaction was

complete doubt that i told the minister that we should check this is really completely out of his mind maybe it's just a provocative act and maybe he stress testing your seconds in trying to send us some kind of message and i will later the minister reported to me that if 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 the tent full of our peacekeepers killing every one of them what was i supposed to do i said return fire and shoot to kill. kmita remembered it gave that interview to r t along with the radio and georgian t.v. channel peak and extend it in an extended version is coming your way the next hour here on our team stay with us here on our t.v. still to come a look at how s.s. marchers commemorating the dead are bringing nazi ideas back to life in modern x.

the modern estonia. but first riot police have surrounded up tent camps set up in ukraine's capital by supporters of former prime minister yulia timoshenko who was arrested friday the protesters fear officers may storm the camps after the after the court where her trial is taking place and gatherings outside parties like say our show has more from. ukraine's former prime minister yulia timoshenko still remains in detention center in kiev following the decision by aborting here to place 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 units in which frankly 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 which are picketing the detention center that's where i'm standing right now and the court building in the. downtown here 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 they have protest against the decision to place gone directly. to another 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 of police and torture buildings a bus and patrol cars more than three hundred were involved in what began as a march to demand justice for the killing. and israel supreme court has started hearing an appeal from the country's premier president moshe katsav in march he was said 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 not allowed to stay out of jail while he appealed to former presidents denied any wrongdoing claiming the case is politically motivated. but only in this news veterans from nazi s.s. units in a stoney i gather to commemorate a battle with the soviet red army this week with the kind of meeting band across

most of europe as a glorification of naziism but in a stony it was a rival anti-fascist you got was instead prevented. reports on how the sentiment may be feeding a new ultra right movement. we here in the estonian found a cinema but in one thing forty four the scene of fierce fighting between status soldiers and yes this is where here by the monuments commemorate the save its soldiers that died in that fight less than a mile away and this also of the scene of the gathering of veterans of this day near what. is that of a widespread criticism the poor of naziism. former soldiers lost in this. but. something the moment don't think about. people. that for.

country and most of year at these kind of events abound. and to hear it in a stirring year it's a different story altogether. it's common and strongly you can call these people freedom fighters we hold or potence trolleys on the stream going to hold this event . you are given allegiance to hitler. you have never liberated in fact in recent years he is still in you know thirty's and made it increasingly difficult for those who come to oppose the events this year once again members of the anti precious movements were detained at the buddha. by the police because we were traveling in was also a stop for questioning on the way in. or have an entry. controversy. any kind of other opinions from their own opinion which is very very much supporting this is. the revival of the far right across europe has caused

concern right parties a gaining ground in countries like australia finland in france savage sluice are by far right extremists and is. bravia can always recently driven home just how dangerous these he is remain these say far failed to take this site in action to stalk nazi commemorations within its borders bush has pushed the international legislation to condemn the glorification of wartime fascism events like the one in history and make it clear in a clear the not all countries are on board critics of this event hardly that the gathering for advice of four and dangerous near fascist ideas the government's failure to ban it is seen at the very least as being morally and politically insensitive surface r.t. . stay with us here on our t.v. i'll be back with the headlines in a few moments. from

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wealthy british style. sometimes it's satisfying. to the. markets why not come to. find out what's really happening for the global economy in the cosmic war on r.g.p. .