hording asian markets have opened in negative toward territory falling by around two percent this follows last thursday's losses the biggest since two thousand and eight stock market collapse meanwhile japan's foreign minister has announced his country will be holding on to its u.s. bonds for now michael walang chairman of the credit rating aid rating agency city risks says it won't take long though before japanese investors may be forced to reconsider that stance. i think that this woman japan of course will make such a long one but the u.s. dollar. and the economic situation in the u.s. easily it would mean to be you want to want to go in the future is probably. country in a sure will try to deal with that means that they're going to buy. the country not simply u.s. one now given the current situation you will have people who expect the u.s. dollar will keep on coming here so you have a country we serve in us that definitely that will be up to the surface but at this

moment there's no other choice that that means that china government will try to. you know coming is by the u.s. so come on boys women will be over every liquid asset and also. come on the circle of government so. no other alternative will both fall of the. country to hold the surface. on friday the financial world was shaken by after the u.s. was stripped of its perfect aaa credit rating by standard and poor's for the first time since one thousand nine hundred seventeen the rating was downgraded one notch to double a plus with a negative outlook u.s. treasury department rosary department went on the defensive saying there's a two trillion dollar mistake in their calculations as in p. admitted is such but says they're sticking with its decision saying the huge budget deficit is a major cause of concern the drawn out negotiations for a debt ceiling deal that rescued 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 may be tied over the economy. it shows a lack of confidence in the u.s. government we are in within an economy stormy to you no way and it seems that the as a and b. and other economists are saying the us government is spiraling i is it's a bit like 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 the in two thousand and twelve and then at the end the us 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 us economy can turn into an 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 prisoner of the united states you know the other main credit to the united

states with more than a trillion and a half. dollars in u.s. dollars that they hold. hold in their reserves i was the is the fear what china fears that the fed the american central bank with chemo money will buy what treasury bonds and that is that the u.s. dollar that depreciated 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 do we 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 i'm buying gold instead of buying u.s. dollars. 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 artie's marina porton i explains. 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 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 jail with 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 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 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. when

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's 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 also braced for a 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 patrick young says the you need to change its approach to the crisis. 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 debt arland portugal and greece put together before the end of this year it will be needs to sell bolton'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. italy is huge need is just too big to manage it any way be rescued in the way that other economies have suv 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 hop without 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

our t.v. still ahead new political op evil grips ukraine as police around the tent city set up by supporters were detained former prime minister yulia timoshenko a threat of 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 in the country since the revolution. before we get to that at least forty two people have been killed in syria's eastern city of day. zoran 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 nation's president bashar al assad declared syria is heading toward reform activists say more than sixteen hundred people have been killed in clashes with a pro-government forces since the uprising started in march. into a modern history lecturer at oxford says there's a lot going on behind the scenes in syria. who tended to see the tears peaceful

demonstrators against. you could tell you shit. is who weapons have. a moment because some groups who hold the americans who are years old. girl mark. because. we have also. to. intrigue going on behind the rhetoric of folks who. were who represents and i think the real danger is that we could see you know a very long civil war in syria that. the revolution may be over but few in egypt say their lives are getting easier even considering that the former president is finally on trial and charged with murder and corruption hosni mubarak denied the charges against him at the opening of his hearing intake accusations that he ordered the killings of protesters if convicted mubarak could face the death penalty the eighty three year old was in the hospital was in

a hospital bed when he appeared alongside his two sons on top aides also accused of corruption and mass murder but six months after mubarak was toppled from power post revolutionary chaos many egyptians yearn for the days gone by as artie's marie if an ocean reports 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 means liberation well the revolution of january put this positive life on the. 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 see here but with 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. 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 where 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 period of the people getting ready. and getting ready hoppers the 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 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 out of the other side 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 issue that this time he says he's been pushed to the limit and it's true tests versus patients in the battle to save egypt from crumbling threw them. out t. . life may only get worse for the egyptian people as they fall prey to

a political game according to 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 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 well at all for he 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 to vent their anger at the high cost of living and out affordable housing prices prime minister benjamin netanyahu has responded by appointing a new financial team responsible for examining the reduction of taxes and improving access to social services but authorities policy reports protesters say they are still not getting their voices heard. tens of thousands on the streets of these are all 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 it 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. 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 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 or so the israeli lebanese and syrian conflict and anything that doesn't fit 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. university student it makes no sense 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 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 may visit his school. bus which is the cameras they will stop if they put out since for the see on t.v. 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 to be found at our underscore also on facebook you can check the search

for our team news and there you can find our top videos stories ready and waiting you can also join the discussion we always like to hear your comments so be sure to leave them there plus those are rapidly expanding an extensive library on you tube along with our reports and programs available put away twenty four seven describe to us an explorer news from russia and around the world. could you take three. three. three. three. three. videos for your media project 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 former republic of south aside he

left the region devastated blocking any chance for reconciliation in the for seeable future artie's medina cochon over reports from the memorial ceremony for the victims of the conflict in the south capital. 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 sites you throwing people out of their bats hundreds have come here to light candles and pray for those who died had three years ago in their brief conflict maimie are listening to the regular 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 central square at the atmosphere here is a choice of a very male wearing black and some women even have a picture of their dad 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 present poses 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 it we can kill people over territory. or any other reason we put our governments choose to use. the george integration and the tough policy of circus really evoke 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 injured and 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 still a life in their hearts. russian peacekeepers stationed out the south capital were among the first to experience the georgian 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 orchids 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 your settings and trying to send us

some kind of message an hour 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 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. medvedev gave that interview to r t as well as at home last me radio and georgian t.v. channel peek extended versions available online at our website r.t. dot com. riot police have surrounded tent camps set up by 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 court where her trials happening band gatherings outside parties like sierra show ski 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 the four that you would have been forbidden to leave the country now she was put behind bars as the judges 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 which are picketing the detention center that's where i'm standing right now and the court building in downtown here are determined to stay there twenty four hours a day and when the stand that they are trying to garner more people are asking people from all over the country to come to kiev and voice their their against protest. the decision to place you too much and gone to rest. finally in this news block authorities have launched a major inquiry after riots flared in north london more than forty people arrested dozens most of them policemen injured during the unrest protesters attacked officers over the fatal shooting of a twenty nine year old man last week rioters threw petrol bombs of police and torch 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 laura m. it is at the scene of the rioting in the british capital with more. these are the

scenes in enfield town center tonight with bryant says essentially taking over the town i'm standing here in enfield retail park behind me you can see legions of police in riot gear they are being mounted washing up what we're saying is between one hundred and two hundred rioters essentially people who are looting the shops and you can see around me behind me is a choice of just baggage carries we've seen young men mainly but some women as well looking out of the shops with literally anything they can carry in their hands from televisions to vacuum cleaners of bizzle so bike shop parents some of them of rigid off the bike shops dog police obviously are coming in to quell this these disturbances that are breaking out but this has been going on since saturday evening here in north london i started in tottenham which is not very far from here where there was a silent big show to protest the shooting by police so someone called mob joke and

three hundred people turned out at the police station to ask questions about how that shooting a fatal shooting taking place and what's ensued what's very much the scene that you see had tonight lou to some young people some people reportedly as young as seven year old children being arrested need to be shops that is an uneasy relationship hey if these kids have no fronted between the people here and the police and this is people say a manifestation of facts. to back with a recap of our top stories in a few moments stay with us here on our team.

on. the a move. to . come

up. the history of this place runs through the centuries. was. a paradise for archeologists zoo ologists and each logical tourists. but one fateful night shots destroyed the mummy of my folks are. how this republic got its life by. hoping dreaming and recreating. the future.

it's.

seven thirty am in moscow good to have you with us here on our teeth we're reviewing the week's top stories the easier headline the u.s. stripped of its prized aaa credit rating for the first time of another global financial crisis as investors ready for a black monday asian markets have opened and gone into negative territory. in the eurozone debt woes provoked a turbulent week with european central bankers now agreeing to buy in spanish bonds to stop the rot brussels is concerned if these economy fails it would be too big to rescue and put the whole currency down with it. and we're in the republic of south three years since the conflict with georgia devastated the region recognition morial services are being held in the capital for victims of the conflict. heated debate coming up with peter lavelle on cross talk stay with us here on r.t. . for the.