the move to the joint either to raise the number of violence the gateway to the ground in theory. the socialist. model you can to listen to socialism which is its ability to go and. read as the candle was which is used to retreat. the week's top stories here 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 are ready for a black monday asian markets have already 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 help 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 or hit the brakes. and we go to the republic of south side here marking three years since the

conflict with georgia devastated the region brought about recognition from. six am in moscow i match reservation you today's top stories and a look back at the week's news here on our t.v. so i've been as we've been telling you asian markets have opened in negative territory falling by about two percent right now last thursday saw the biggest stock losses since two thousand and eight stock market collapse let's talk more about this i'm joined now by dr michael ware on the chairman of the credit rating agency city risks based in hong kong thanks very much for joining us so asian stock markets have opened it's still really in the trading day but what signal so far do you get from this and what do you think we can expect in the next couple of days. the u.s. government decided to cut the budget that was a couple with. one of those what it is this agency. in us this trickle of other

concern about the economic prospects you know how many years so i think it is that the u.s. actually will swap the asset from long term to stop him then it will get up and with pressure on the on certain stocks in the coming days and now many experts have predicted all black monday across the globe is this going to play out do you think especially in the euro zone. actually after this such a you sort of expect me i want to see the market i want a bang so i think it will be the lending as we saw many company was short of money coming coming months and so there would be another liquidity problems in the market so he's well fed. up and also the us are. now trying has been critical of the u.s. handling of its debts even suggesting ditching the dollar as a reserve currency how do you think this is more likely to happen. given the current situation. people expect the u.s.

dollar will keep on keeping sheeting coming here so you country could be serving us definitely there will be up and see if but isn't the money there's no other choice that i mean of course they're trying to government we're trying to drive us apart at least you know i mean. the u.s. has come on board swimming to be a very quick you know market and also he's come on the search for the government so . no other alternative in the market a bit of both for the police for the country to hold the surface now japan is the second largest holder of u.s. laws and it said it will hold on to those american bonds how do you think it'll keep that position of confidence continues to drop. i think at this moment japan of course will mix us around some and but the biggest. economic situation in u.s.c.'s will remain to be one of the futures markets the.

country hey sure will try to help us right away so that means that it's going to boys are the country not simply us. and finally now looking at the big picture what is your outlook for the global economy do you think we're headed for another recession or where we'll go to. my personal willies. because giving such a time waiting and. the budget cuts you know us in the coming years. the market will be quite a want to avoid and i want a time coming coming years so. banks definitely will. be many cooperation will push on a fundraiser that will hurt the economy even if you're a long time. all right michael one chairman of c theorists thank you very much for joining us. thank you. on friday the financial world was shaken after the u.s.

was stripped of its perfect aaa credit rating by standard and poor's for the first time since 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 is a two trillion dollar mistake in our calculations s. and p. admitted as much but says they're sticking with their decision saying the huge budget deficit is cause for major concern drawn out of a debt ceiling deal and rescued the country from a potential default also shook investor confidence dr rodriguez lay 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 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 paralyzed 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 three years because the election is on me in two thousand and twelve and then

i think the u.s. government is deadlock and cannot do any very serious policy decisions to contract the economy don't turn and that the danger is that the u.s. economy can turn into a good economy depression and that's why politicians american politicians should be trying to avoid hard try to work an economy depression where china is a bit of a prisoner of the united states you know the other main credit through of the united states with more than a trillion and a half. dollars the u.s. dollar is that the old. holding their reserve i was the fear when china fears that it is sad that american central bank primo money by which treasury bonds and that. the u.s. dollar 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 gold is going up so fast it's because countries like china and india are buying gold instead of buying u.s. dollars european markets also brace for monday morning after they took a hammering last week meanwhile e.u. 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 the euro zone's third largest economy if it needs help economic journalist after he says to change its crisis approach. let's try and understand the signs that 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 debt arland portugal and greece put together before the end

of this year it only 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 as being an employee is huge needs just try to big to manage it in any way be rescued in the way that all their economies have soon far being bailed out by the e.u. what the euro zone needs to do is completely rethink the approach that they currently how we could 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 stay with us here on r t still ahead new political r.p. of all groups you train as police around the tent city set up by supporters of detained former prime minister yulia timoshenko the threat of sick. already forces lurks in the background. in

a landmark trial former egyptian president hosni mubarak faces charges of conspiracy to murder and corruption but many feel a little has changed since the revolution. but before that at least forty two people have been killed in syria's eastern city of daycare hours or in a government crackdown on protesters scores of tanks and armored vehicles are said to have entered several parts of the city after 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 declare that syria is headed toward reforms and activists say more than sixty one hundred people have been killed in clashes with the pro-government forces since the uprising started in march professor mark almond a modern history lecturer at oxford says there's a lot going on behind the scenes in syria. there's peaceful demonstrations against the patient there is we're going to push it but you are right there's a lot of weapons have. some of iraq a moment it was. years ago you know.

girl marks. and spencer. who have also three treasures of. intrigue going on behind the rhetoric of folks who. represent. the real danger is that we could see. if we were in syria. where revolution may be over in egypt but many say that their lives aren't getting any easier even considering the former president is finally on trial and charged with killing and corruption mubarak tonight the charges that the opening of his hearing into accusations that he ordered the killing of protesters if convicted mubarak could face the death penalty and eighty three year old was in a hospital bed when he appeared alongside his two sons and top aides also what he was dead of corruption and mass murder but six months after mubarak was toppled from power the post-revolutionary chaos makes many egyptians. and for days gone by as art is very ferocious to get ahead with 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 it means liberation well the revolution of january put this part of the globe on the map but apart from that what als didn't bring the people of egypt. these men 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 once a year but with the economic devastation caused by and rest and political uncertainty mohammad'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 grant and survival strong in its wake. but you know i loved the revolution when it happened i welcome it but look at the time we call life 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 and five months on there is little satisfaction and dictator free egypt is far from the best place to live and the. people know about. much of it. and the very. people are indeed tired even those who back the changes

they see a man is from the revolution youth caliche and he tries to remain optimistic but all he says sounds a lot like south conviction that it is a fake we've been living under mubarak for many many years too many 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. recentre need to mistreat the square show that there's twice as has been pushed to the limit and it's trade tests versus patients in the battle to save egypt's from crown and found a brief interruption or r t cairo. and neighboring israel more than a quarter of a million people took to the streets saturday night venting their anger at the high cost of living and on 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 but are his policy reports protesters are concerned that

they're still not getting their voices heard. tens of thousands on the streets of israel angry to that 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 younger woman set up a tent while the editors of france twenty four b.b.c. and sky got just a few meager seconds perhaps not even that interesting to. look back in the studios ok it was a protest well what exactly is a protest a social problem. 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 it isn't surprised by the worldwide lack of media interest he's worked in the israeli press for a decade but porting from media both foreign and local there is a box that the international media has put israel in the palestinian conflict. and syrian conflict and anything that doesn't 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 lebanon they decided to say we've had enough the media was all over the. i haven't seen anyone from c.n.n. or from fox news or any other big news channel here and it's really sad we

also deserve a chance to be carried out this piece has been down to the corner by some of the people an optimism perhaps that they can bring down the government in the way they maybe they can see it's clear that. that's where the cameras they will stop if they push the absence. see that they. are keeping an eye on developments in israel and across the globe at r.t. dot com and if you follow our twitter feed you can hear straight from our correspondents worldwide along with the latest news updates and analysis that's at our t.v. underscore on twitter on facebook and search for our team news and find our top videos stories we're ready and waiting for you you can also join the online discussion about what's on our air and those are rapidly expanding you tube channel you can always find our reports and programs available when you want them click away subscribe to us and explore news from russia and around the world. could you take three. three. three.

three. three. videos for your media. free media. time. 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 korea left the region devastated blocking any chance of reconciliation in the forseeable future or he's made a caution over reports now from the loreal ceremony for the victims of the conflict in the south the second capital. here in the central square of the capital city the morial services are under way this in many started as a love and three that exactly the time when george opened fire over the city for rowing people out of their bags hundreds have come here to light candles and pray for those who died here three years ago in

a brief conflict mainly are listening to the rescue the elements and they're looking at pictures there were taken during the conflict 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 relatives on their chests local so we talked to say they never expected such a sudden attack. it's very difficult to answer this question because in any case war always present poses the suffering and pain to overbreed family it's it can't just be 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 and kind of being responsible when it comes to. 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 and we'll continue in different parts of the certainly on monday the war lasted full five days but hundreds were killed and many injuries and also the face of the city has changed three years with a new residential areas in new roads and hearts being open still locals say they are trying to restore their lives and memories of what happened here are still alive in their hearts. russian peacekeepers station of the south was actually in kabul were among the first to experience the georgian president of internet better for the tragic events of that night. let me remind you what was going on there on the night between august the seventh and all groups the eighth well 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 could 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 stressed tesla seti ins is trying to send us some kind of message which an hour 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 old wait for another update or some more time to pass to 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. winter meant that it gave that interview to our t.v. along with a whole mosconi radio in georgian t.v.

channel peek an extended version coming your way later this hour so stay with us after on the news also coming up in the program cutting off and moving hands in the london hard line islamists press for the introduction of tougher real laws in the british capital coming your way to a few moments. 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 trial is happening and gatherings outside. he has more from. ukraine's former prime minister yulia timoshenko still remains in detention center in kenya following the decision by according to place on the arrest pulled out you it's a shame i've 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 consul of europe all criticizing this decision and urging the authorities in ukraine to release you to some extent 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 is. downtown here are determined to stay there twenty four hours

a day and when they're stand up 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 gone directly 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 and police and torching buildings plus a bus and several police cars more than three hundred were involved in what started 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 sentenced to seven years for raping an employee rock how did it minister in one thousand nine hundred eight when he was also convicted and sentenced for sex offenses against two other women during his presidency but allowed to keep out of jail while he appealed his case the former president has denied 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 just a small part of their proposals lore and it has been hearing how they hope to instill their tough code. so we are here to tell you that baseline. is unstoppable in europe stoning for adultery cutting off hands for stealing death or renouncing islam this group of men is trying to enforce shari'a law in the u.k. they started a campaign to make certain areas of london and other cities islamic law controlled zones starting with walthamstow east london to become ali good for evil because it is obviously a positive for the muslim of the muslim community because it would be we believe that what is going to together trade according to the sharia is all the problems will be but it will please themselves to logic start hopefully one day to have

a summit coverage which we have a policy locally security locally i knew quite well for 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 a little with drugs crime and prostitution because of that they firmly believe members of the communities they're targeting will welcome shari'a law but the word of the street about the campaign tells a different story comes down to refute a lot a lot of the place you live for it's on my way to appreciate the laws this is now in zero pakistan this is england we've got our own laws people have a right to coming here and bringing their laws in here counselor martin eastham agrees saying this could destroy community cohesion we force words around the part taken down the post as soon as they put up because we do not want these posters

round up i do not represent. and that they had no place in for us citizen equality campaigners say that she really supports this shouldn't be considered a religious movement but if your 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 or from non muslims towards moderate muslims i think this is part of their aim is to create mistrust so they can then trying to moderate muslims and say look everyone hates you trick we are friend turn 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 bay formed bands of vigilante and forces

to make sure syria is to berkeley all physically and in other parts of london women have already been harassed for not covering their heads if these muslims ever get their way i won't be able to dress like this on the streets of los them stay or many other parts of london brussels rome and paris your m h r t well some stadiums in. the back of the river of our top stories in a few moments stay with us here on r.t. .

this is a table from the u.s. embassy in colombo this talk about here an apparent june seventh incident of extrajudicial executions the military reported to the press that on that day killed nine guerrillas and come back to desiccation by construction on couldn't you know and they're strongly suggest however that the nine were executed by the army and then dressed in military fatigues. displayed how you know this kind of phenomenon where bodies are dressed up as guerrillas and presented as killed in action and this and this idea that they need

to produce these actually encouraged paramilitary collaboration this is a cia document a central intelligence agency they knew about these activities they knew they were happening they knew about links to paramilitary groups and yet. u.s. aid continued to flow. to mission free could take three days for charges free arrangement free risk free stu's free. and free born free of cloning video for your media projects and free media john to our teeth on top.