the movie joins me the children's the on the violence against religion the grand imperial. college was to school until you can the international association which i suggested to go and. read this and the colonel was neutral as to retreat. continue that sinking feeling asians stones the downall today his story u.s. debt raising cost well similarly tens tradings expected in europe and america. three years after georgia on the state's new machine to try and seize sound says here we meet those who bear the scars of the conflicts here and how they're rebuilding valinor it's. ironic that using the rising spreads in the london dolphins of all places a ranger tried to contain what started out as a peaceful protest against the fatal police shooting of a man. a

very warm welcome to you this is our see live from moscow with. asian stocks tumbled early on they saw what was likely to be a string of torah trading in year on the us later investors are taking fright at america's government debt downgrade and europe's debt that refuses to hear what it is in asia's largest economy deal with the latest outlook from the region korea a lot of red on the exchanges where you all warm does this mean for the age of economy. that's right the asian markets are tumbling today which is what many analysts predicted on friday when this credit downgrading rating was released we're already seeing the markets tumbling in hong kong japan south korea and australia we have yet to see. what's going to happen specifically in india but

obviously this is what many financial analysts had predicted on friday we were already starting to see the markets tumbled on friday in reaction to the u.s. debt ceiling debate and these new credit ratings downgrade so. asian markets are reacting very strongly they have a vested interest in what's going on in the united states they are holding three trillion dollars the united states debt so everyone's watching very closely here to see what's happening on china is the number one holder in u.s. dad and his number two they both have reacted very strongly to this crisis china calling all of this immoral and responsible and think that the united states must deal with this immediately. major economies that is china and india my dismay. to the group. so a lot of investors are saying that if you move away from u.s.

treasuries they're going to have to diversify diversify excuse me by investing in asian markets so the markets that are stand to benefit to benefit from all of this would be asian markets like hong kong on so let's listen to one analyst what one analyst had to say about that. i think that this woman was with such a long swim but that you're just going to. be the only situation. which is probably a. country they sure will try to argue that it's going to voice the country. and obviously there's been a lot of talk about moving away from the u.s. dollar as the reserve currency in the world and obviously there's been a lot of talk about adding aid. currencies into that of basket currencies that

would be used in fact victory for the american dollar have been the leading industrial countries in the world actually had an emergency phone call yesterday addressing all of this and that was one of the things that they had to talk about they also issued a statement saying that the united states must feel with this crisis immediately so asian markets are definitely being impacted greatly by what's happening in the united states. thank you for your perspective on what's happening with the world's markets of the most appreciated there for us from new delhi ok well a russian soldiers are also expected to feel the pinch we've had in just a couple of hours time with friday trading ending in the negative territory classes outside the office exchange of more scale here one of russia's to war says so how might the debts of the u.s. and your way on russia. we still russian shares dive in line with the global markets at the end of last week then of course they the weekend we saw the credit

ratings agency standard and poor's downgrade the u.s. one notch from his aaa rating and now because that downgrade happens all the close of trading on friday we have to wait until the markets open ten am in a couple of hours time before we can fully assess the impact of the loss of america's aaa rating now some analysts predictions have pointed towards a possible and this will negative impact the possibility of an initial reflex panic selfish hold on the more optimistic side they've also said that they're they think that traders will be able to resist black monday type of situation the much of the markets. were expecting something like this could potentially happen and other analysts have been quick to point out as well that the double a rating of the u.s. now still that is the first time in the u.s. history that that's happened is still a reliable racing. but nonetheless we have really seen

a global crisis of confidence say in the u.s. economy over the weekend because really coming up with criticisms covering it coming in from india and from china what are the chinese official needs agencies call this u.s. debt addiction now as the concerns and lots of anxiety exactly what will happen in a couple of hours time when the markets do a pin and that's continuing calls the u.s. to get its financial house in order likely taking a closer look at us spend a. great comedian george carlin always spoke frankly about his nation the only true american value that's left bahrain days bahrain days people spending money they don't have on things they don't need today country long driven by borrowing and consuming is in desperate need to cut it spending u.s. defense and security spending has remained untouchable soaking up seven hundred five billion dollars or twenty percent of federal funds every year since two

thousand and one more than one point two trillion dollars have been spent on the wars in iraq and afghanistan but now with fourteen point four trillion in the hole some economists say it's time for the u.s. to compromise and world domination for domestic stability also probably have to see significant requestion questioning and downsizing of the several hundred foreign military bases we have given the size of the budget problems and the growing issues around the national that and the debt ceiling it is fairly well assured that the budget will be cut for defense are probably needs to be cut more than is presently proposed for the pentagon priorities may be different the department reportedly spent twenty three billion dollars on global hawk drones alone this year taxpayers are estimated to spend one hundred twenty two billion dollars on the war in afghanistan is same amount that could cover an estimated twenty five million america. it's with a low income health care an empire a costs

a lot of money because you have to spend a lot of money to defend it you have to spend a lot of money to promote it you have to have a lot of people working on various aspects of economic support for imperial adventures around the world the consequence is the money is leaving the united states going to other places not to the places in the united states that need it the most needing it most is the country's neglected infrastructure and jobs that come with rebuilding according to the american society of civil engineers a quarter of america's six hundred thousand bridges are listed as deficient and nearly half of american households don't have access to public transportation ongoing federal budget cuts are expected to force thousands of post offices and fire departments to close more than forty million americans on food stamps they also make sacrifices we just cut the food stamp project by twelve billion dollars

we have multiple experimental ongoing programs and defense department each of which is large enough to offset the food stamp cuts and i think if we have forty one million people already who are dependent on government aid for food getting food to them is probably a first priority but defense secretary leon panetta is looking further afield for his priorities we are a nation at war. we face a broad range of security threats and challenges. and that our military must be prepared to confront from terrorist networks to rogue nations that are making efforts to change a nuclear capability to dealing with rising power it's. always look at us to determine whether or not we will in fact maintain a strong defense here and throughout the world eyes on the world while citizens face mounting struggles at home that's what the owners count on the fact that americans will probably remain willfully ignorant of the red white and blue being

jammed up there. because the owners of this country know the truth it's called the american dream because you have to be asleep to believe it or enough courtney artsy new york. well your markets are braced for monday morning artisans. with me while european central bank insoles agreed to buy government bonds by the continental debt crisis although it's not yet with spawn's the bank is going to buy eggs. from debt laden countries like italy and spain as part of the german government reportedly a message rescue fund won't be able to say this only here is aims biggest economy if it needs help if the seven group and most industrialized nations are also a valid to support iran's instability and well what it calls decisive action is taken in the us and europe but you can on its genesis this is the e.u. has to turn into time immediately. 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 debt of our land or to build and greece put together before the end of this year italy 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 glued here acers italy is huge need is just too big to manage a true in any way be rescued in the way that other economies have so far been revealed by the e.u. what the euro zone needs to do is completely rethink the approach that they currently have so we're going to 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 alas he has the world's markets on a close watch and i'll have an update for you in just a few minutes. also coming up later in the program that. new great fire of long running buildings which police calls meeting on more violence we reported today the fall out of the parts of the personality. and syria now under pressure from the arab world's most powerful nation a saudi arabia pulled them boy and orders the bloodshed to stop. three years ago when people were off. because it came on grass had retired by georgia the brief rule or in which it's a peace in trying to reclaim its old territory claimed hundreds of lives come a marriage and services that were held across south ossetia during the night in the early began shelling people arrived in church to light candles remember those who

died in the five day conflict which claimed hundreds of lives in recent days from lost their loved ones in the short bloody war. i come here almost every day i sit and talk to my son i will lie next to my dear boy. for the last three years stacey signet has come to this cemetery in self-assertive where her son is burritt five days in august two thousand and eight split her life in chile before and after. when her sound you ordered a medical college graduate heard they were public's capital team vall was under attack from georgia he rushed home to how they injured he died in her arms as they lay trapped for days under the rubble of their apartment block that was in the georgian isle terry's firing line.

kay says the only thing that makes her life worth living now is her twenty year old daughter they now live together in a newly built house to wrong by families was similar tragic stories. this area where we leave was specially built for those families who lost loved ones and were left with nothing in that house across the street lives of women who lost two children and to the house opposite lives a man who lost both his wife and his child. all these people are victims of georgia's military aggression in august two thousand and eight when they try to retake control of the bound breakaway republic of south ossetia a russian peacekeeping mission in the region also came under fire nursed my abuse dive i was on duty with them and witnessed average thing that happened that night for i saw skin fall on fire when you know it was going to be our last night but it was still carried out peacekeeping mission and tried to become. the most cool

soundtrack enforcement to protect its citizens and prevent more civilian deaths within five days georgian troops had been repelled three weeks later russia recognized the settee as independence. the last three years have to change the face of this thursday a new residential area where new roads sharp and have been burst and have been built. but signs of the conflict remain this behind my back up slap to the russian peacekeeping post for those who lived through the horrors of the priest but doubt the conflict and memories are still very real. much in the question our reporting from scene volatile self a sense yeah. well j.m.s. to us is that he lives in south ossetia back in two thousand. and shootings bombings when he recalls the knees when the american media bore little resemblance to the reality that the american press was very biased in in

reporting of the whole conflict i was here in the city and my family my and my siblings and friends in america and i spoke with them and there was nothing in the press about the georgia attack itself is that it wasn't until russia responded that it was being televised that russia is attacking georgia my sister after i told her the truth about what was going on she saw a live t.v. show on the fox thirteen they're talking about the war and so she called in she said what you people are proffered about is not the truth he said my brother is there he called me told me what what happened what's going on and they basically cut her off. when. we hear in more detail about the difficulties the samples that people take the car on their way to a peaceful life. the history of this place runs through the

centuries. a paradise for archeologists zoo ologists and ecological tourists. one fateful night. life. how this will publish its life by. hoping dreaming dreaming in. two days of angry clashes in parts of north london in twenty six police offices in june and some fifty five arrests and again as a peaceful protest more than just a sofa of twenty nine year old man who was shot by police last thursday things

turned on when the demonstrators began attacking police and says and fires of cars and buildings in this war and that is that. these are the scenes in enfield town census nights which prior to this is actually taking a village town i'm standing here in enfield retail park behind me you can see legions of police in riot gear they are carrying round mocking up what we're saying is between one hundred and two hundred riot says essentially people who are looting the subsidy you can see around me behind me is that the choices are off just that it's carries we've seen young men mainly but some women as well looking out of the shop to literally anything they can carry in their hands on television to vacuum cleaners but there's also bike shop parents some of them of prison off on the bike so stock up police obviously are coming in to quell the peace these disturbances that are breaking out but this has been going on since saturday evening. north

london did stores he didn't talk to them which is not very far from where there was a cited big show to protest the shooting by police still someone called my dog at three hundred people turned out the police station to christians about how that you seem outrageous you seem to take it a place i worked in future it's very much to seem easy to tonight lose to some young people some people reportedly as young as seven year old children being arrested for leasing these shots is an uneasy relationship. these parts of north london between the people and the police in this case people say they might have been state should know that it's. more along the lines definitely s.e.z. on the ads right now or there's one group that has the extreme solution to his troubles as we report dot com. it's called line that muslims want to lay down the sharia law or the british capital and it's not going down well with london as find

out more on that pounds to get scripts since. nine flying high on long holds another flug composition found much aviators two of these try to reach for the sky watch their attempts at all to talk like. saudi arabia has pulled back from syria housing and wait to the international condemnation of president assad's crackdown on protesters more than fifty people were reported killed as well as continued across the country on sunday syrian forces stormed peace in city of. crush antigovernment protests cheering the muslim holy month of ramadan heavy shelling little forty dollars for black clouds of smoke

was seen right. thing from buildings in this city more than seven hundred people killed since the uprising began in march international relations expert professor mark almost all syrian politics are riddled with intrigue. along. with. for years or. so we heard. from director of. real dream girl. who are in sort of. close to an all seeing more of the situation in syria and the arab world when we talk to iraq's foreign minister thousand around ten minutes time ok briefing allison of the world

news in brief and the u.s. has launched an investigation into sunday's helicopter crash in afghanistan that killed thirty american servicemen seven afghan soldiers and a civilian in cyprus and it's the greatest single loss of american life since the beginning of the conflict twenty two of those killed along with the unit that killed osama bin laden in may investigators say the aircraft was hit or departing from helping a u.s. ranging unit that was under fire. venezuela's president raising the second round of chemotherapy in cuba hugo chavez cheema removed in june to be the exact nature of his cancer has not been disclosed his illness has been cost him down so his fitness to stand for reelection next year president chavez insists is responding well to his treatments and plans to go ahead with a campaign. came on the impact of america's credit rating drop is having on the stock market right now it's the business of marina.

hello and welcome to business here on artsy now global markets have been under pressure for weeks spot have now reached a selling question though it's being accelerated by american losing its top tier credit rating major indexes in tokyo hong kong seoul and sydney are now down between two and four percent in europe futures are also lower ahead of wall street's opening and analysts think that a lot so that it will remain high while strong economic data remain strong on the ground. but we seem to be in the line structural problems are still the us employer in this still over nine percent european employ in the slogan nine percent growth has slowed materially over the past few weeks and actually we still have the overarching problem of the european sovereign debt crisis think what we need to see is a sustained run a positive economic data and a resolution to the european debt crisis before markets really start to calm down.

then let's take a look at the markets now precious metals are edging out as investors look for assets which offer less risk gold is adding almost thirty six dollars per ounce while so far is gaining close to two dollars and crude prices are low worth following the downgrade of the world's largest oil consumer and there's no confidence in the market and investors are concerned over future demand for crude let's take a look at what's happened in the asian markets well they're in negative territory banks are mostly lauer and exporters are also under pressure amid worries about him through the month and all this is of course the result of what's happened in the u.s. and europe promising market jitters here rush hour markets will open in two hours time on friday they close the in the right after answer national stock markets fell to their lowest since late one nine hundred ten. there was some formats and says what a downgrade monday is slightly it's inherent last week's figures. this week we're

back in business again and people will be looking at the big news though the dataflow extremely closely because the markets are extremely volatile. there's no conviction for any sort of strong recovery in my view the situation they were problematic last week are still problematic this week so any improvement in data will you know support the markets but it could also be a very short term and it looks like we could have the dow fall into eleven hundred i think without any problems. the u.s. has managed to stave off a potentially crippling the fall parts not to downgrade on this long term that some countries are consider reducing their dollar reserves and so other less risky currencies simply a guy evolves burbank argues they're a great way to hedge against the falling oil price in american that are negatively correlated with the oil price smear if you look at even the history of the last three years spray every time when oil brazen those down the price of american there

goes up and rice bursts. and the page gives the world praise for aggression this is why russia should keep the heavy in america that this is a bizarre for. all price of goods around and that's all the business is for now for stores you can always check out our web sites r t dot com slash but in the meantime states for the headlines with.

this is a cable from the u.s. embassy in colombo to talk about here an apparent june seventh incident of extrajudicial executions the military records that on that day they killed nine you're releasing desiccation right instructs you including you know and there are strongly suggest however that the nine were executed by the army and then dressed in military fatigues. explain 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 you need

to produce these actually encouraged paramilitary collaboration this is a cia document the 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.

just. wealthy british scientists scientists sometimes. markets why not. come to. find out what's really happening to the global economy with months cause or for a no holds barred look at the global financial headlines tune into kinds a report on our key.