still a aaa country the markets there don't seem to be in full agreement though they've followed the rest of the global economy following friday's downgrade of american credit the dow jones has lost around five percent that is most important has got the latest from new york. well the mood right now is still very in secure after president obama u.s. president barack obama addressed to the nation that the market continued going down as you mentioned the dow is down more than five hundred points since the markets opened down below eleven thousand is the first time it's gone that low in ten months but regarding what the u.s. president did say he said he didn't need a credit agency to indicate that the u.s. needs a balanced long term approach to deficit to cut its deficit nor did he need a credit agency to indicate that the political gridlock in washington is damaging the u.s. president went on to say that washington is not lacking policy or plans what it's

lacking is political will he said to many lawmakers elected officials are insistent on drawing lines in the sand bumping heads we saw this play out for weeks and weeks before there was a deal or surrounding the debt that was reached in the last hour of the hold world was watching as this political partisan type of grandstanding was taking place in washington and this is something that has caught the attention of the credit agencies that are now trying to gauge how much of a confident and insecure and secure investment the united states is the dollar is we do know that s. and p. downgraded the u.s. is credit score from aaa to double a on friday that was the first time ever in history that the this country the world's largest economy was downgraded and we did hear the head of moody's on monday that there is a chance that moody's a second credit agency there's a chance that they may downgrade the u.s.

this credit from aaa to double like if the deal that was reached to reduce the u.s. is deficit does not prove to be very reliable because at this point we see the. u.s. the world's largest economy with fourteen point three trillion in debt and growing and there's many plans that are put in place on how to reduce the deficit but the reality is the u.s. has a pattern of borrowing and spending borrowing and spending the bubble is growing bigger and the world is growing concern correspond with important new york well michael pentodes senior economist at euro pacific capital told me earlier that standard and poor's should be praised for their decision to downgrade the u.s. economy american debt is intractable america is becoming insolvent and to see to it is getting out and once the chinese fully understand it and once the japanese and the europeans and or foreign creditors all sense of the

idea that we can pay back our debt without inflation and monetizing and charged it in there will be a big. should israel action which will send interest rates to the moon or at least interesting high single digits and then it will be clear as day that the u.s. is insolvent and that's what the s. and p. is trying to do who they should be you and you the fire the way there be in the mainstream media with us the picture stateside meantime europe stock markets are also in the red the c. in london closing down over three percent a brief rally after the european central bank said it was started by spanish and italian government bonds to restore confidence proved to be short lived during a bushel falling situation in europe and from brussels is what he's got to say. greece is in big trouble it's fall into a full team year low because if the euro falls as increasing numbers here believe

it could do greece will be first in the firing line in fact there's no fun to be an investor any more than an investor faces must be read like the markets they're down everywhere and what's being dubbed black monday spain's become the latest state to pledge that it will change the reform bill get its house in order is that it will slash billions more of public spending but that doesn't help the mood the european central bank i did it will buy up spanish and italian debt something that no one wants to buy at the moment that hasn't helped either now the g seven g twenty group of leading economies say that they're working together to control the situation but investors are voting with their feet that's when markets are down investors just don't believe the politicians are your correspondent daniel bushels you can check out our website of course as well for an in-depth look at what's going on of the markets around the world that said r.t. dot com.

a lot of news tonight coming out from the u.k. the violence that has spread across london there's now reportedly reached burning up in several parts of the capital london groups of youths clashing with police buildings and cars are again ablaze it follows unrest over the weekend after a man was shot dead by police it's trying get across what's happening with a lot of events tonight i have a bet it is in the british capital for a hi there i just mentioned there burning and let's start with that first shall we what we know about what's happening there and then move on to london and what we witnessed earlier on the saving. reports from birmingham are the riot police have taken to the streets because there's been looting their shop windows have been smashed in not quite on the scale of london but the concern is that violence could erupt there as we've seen in london today as i said riot police have already taken

to the streets to try and contain it here in london police are bracing themselves for another night of violence here. because the situation today has been getting steadily worse with new pockets of violence and writing springing up all over the city not just in the north but also the south of the city today and now as darkness falls the worry is it could get a lot worse because a lot harder to police and we could see the scenes we saw on saturday and sunday night happening once more another shift where the focus has really shifted to the south of the city lewisham and peckham of the two areas that are worst affected this evening what's happening there writers are setting fire to buildings vehicles as well there they're looting too and for an missiles the police and i've also just heard now just in the last twenty minutes actually bermondsey which is an area closer to the center of the city and stone's throw from the city of london actually

the financial district that has also been affected now there's looting widespread looting there electrical goods stores and sports stores being affected too i was in the club we saw the trouble kickoff on saturday in tottenham after the fatal shooting by police of mark duggan the twenty nine year old it seemed to be a peaceful protest wanting questions answered about that about how it happened got out their hand and is that was a big blame for everything we've witnessed since. well politicians and police chiefs are quick to distance this violence from from the scenes on saturday night actually they're saying that the reason may the home secretary who returned from a holiday today to deal with the situation she's branded today's activities as she criminality there saying it's nothing to do with people actually disillusioned with the economy or austerity cuts they're saying that this is people use jumping on the bandwagon to greek as much havoc as possible and and certainly the situation does seem to have the tone has gone up a couple of notches this is broad daylight now people. ransacking shops there

smashing windows the smashing buses with wooden poles things like that setting cars like this is in broad daylight and in full knowledge that they're being filmed by police and the media too so there's a complete disregard for being arrested and identified people want to cause as much havoc as possible now the police acting completely commissioner tim gordon has recently come out and said this evening he's asking parents to try and contact their children to get them off the streets to help these police officers do their job and get the city under control is as darkness now falls and because the worry is it's just getting worse and worse now that they've already made two hundred fifteen arrests today they've had to bring in three hundred more police officers to try and deal with the situation but as i said earlier more and more areas across london just keep getting affected it more violence is springing up and in hackney which is the first area affected today in the north east of london which was

previously unaffected police are still in a standoff there with rioters there on horseback there charging them with police dogs but still not really making much headway because first time past midnight here in moscow it's ten past nine in the evening back in london the sun just post setting though and starting to get dark as well as we were saying to the police on extra vigilance are these are the burnet reporting from london thanks very much. let's talk more. this might be forcing the rioters onto the streets for the third night running and bringing sation by telegraph to london editor andrew gilligan andrew good to see you and i really mean that's like just talking to you off air then you yourself were very much caught up in this just a little bit earlier on tell us about what happened to you yes that's right i was coming back from covering the riots in tottenham my route back took me through hackney which as you just heard is a center of difficulties of the moment and i was and i was mugged i was pulled off

my bike and my bike was stolen by a gang of youths. on the way to the studio victory about forty five minutes ago i mean it's difficult. to touch me we're under touch of meeting here in moscow what is the feeling on the streets in london when you're actually there amongst all this what's the scale of the early gates. well i spent most of the day in tottenham which is where it all kicked off interviewing people who had lost their homes as a result of these rights and they are furious with the writers they say that what happened to mark duggan the man who was shot by police is absolutely no excuse at all for what happened to them they blame the police for not being quick enough to contain the trouble in tottenham in the first place and quite clearly what's happening in hackney and lewisham and pekerman croydon and all the other places where disorder has broken out tonight has absolutely nothing to do with the police shooting of a man ten miles away in north london. it's purely opportunistic whereas i don't

think it is going broke it's not anger at all i think it's pure criminality and people are taking advantage. of what they see is a lawless situation and overstretched police forces to do their worst and help themselves to free goods small one british m.p. that is anything political about this one british m.p. stuck his neck on the lines not a bit i guess most saying there's no political point to any of this people just want excitement in their lives was his quote how could they be here i having this kind of excitement that. it's difficult i mean the trouble is it spreads very quickly this kind of thing we've seen it in fact in the arab world we've seen it social media spreading unrest in the arab world probably for the good there but here it's spreading exactly the same way arguably for the bath and there are lots of kids on on blackberries and instant messaging in twitter and all the rest of it

spreading the word about where the next rock is going to be and they might be able to move faster than the police i think perhaps i mean if this carries on like this it is quite worrying it does seem to be breaking out in four or five different parts of london the police present a lot tonight. i'm not sure they have no and i think i think i thought they were slow to react initially in tottenham. i think they are clearly going to be quite stretched because if this is happening in four or five different places now it could be ten or fifteen places tomorrow night or more just a final quick thought i was speaking to a community group leader in london just bit earlier on he said this has all been brewing for a long time communities felt that they've been badly treated a fair assumption of the real picture you. know i think this is pure criminality i don't think there's any political motive at all for this they're not attacking the police they're not attacking official buildings they're attacking shoe shops and businesses and and stealing whatever they can carry oregon together given the

telegraph in london it's good to see you safe and thanks be on the program tonight . well of course our a team of correspondents is in london tonight lauren that is one of them she's keeping us up to date with all the developments she's around on twitter going to follow the feed go to our other schools and a latest comment she reveals yet more disturbing side of the right she says that she just seen three ten year old boys committing vandalism vandalism this is about an hour ago when she sent this tweet she said they were apparently doing it just for fun to log on to our t. underscore and people find the latest. to syria now where the big fresh attacks on anti-government protesters across the country gunfire and explosions have been reported in the cities of. more than three hundred in the past week the bloodiest in a five month uprising against present the rule but wait wait and saudi arabia of

pulled their ambassadors from syria adding to the international condemnation of the crackdown on protesters i spoke to patrick hayes he is from the online political magazine spiked in london says charlotte is apparently at a loss now about how to deal with the situation. if assad is serious about promising democracy and sweeping constitutional reforms that he has promised then clamping down on freedom of speech and freedom of expression which is the cornerstone of any democracy is not sending out a message to the syrian people that he can be taken seriously or trusted in his promise is a tool there is a sense from assad really the ease by which he started to say this is the end of single party rule and he will start to think about elections and the way in which he previously portrayed himself and his party as the only guarantee guarantors of syrian stability but is now talking about major constitutional reforms means really

there's a real uncertainty about what he's trying to do they're very isolated they don't really know where. they going they don't know what really the position of the u.s. is on this which i think is making them very uncomfortable and i think as a result they're kind of stuck between a rock and a hard place in a sense i guess my side is a seems very tired that she almost willing to relinquish power at the moment because i suspect she is very worried you'll meet the same treatment that's mubarak is now seeing. who got more on that story for you and lots more of course is one a web site r.t. dot com and looking online right now we've got the latest on a huge fire in some of the new moscow earlier on tonight plumes of smoke seen for kilometers away it's coming from a sausage factory that is the latest pictures war on our web site t v dot com one heck of a barbecue there but all serious yes but we've not had anyone injured there hopefully they'll be no casualties more on that later also a passenger plane crashes in russia's far east there are no fatalities thanks only

to a miracle say eyewitnesses we report on that as well online tonight just a couple couple of many many stories of updated fuit article. three years ago georgia launched an attack on the people of the small republic of south of setia the five day war in which georgia tried to reclaim its old territories claimed hundreds of innocent lives that is indeed a coach and over is in the south the setting capital a city still struggling to come to terms with the losses. i come here almost every day i sit and talk to my son so i knew i will lie next to my dear boy. for the last three years stacey has come to this cemetery in south assess where her

son is buried five days in two thousand and eight split her life into a before and after. tasting. when her son daughter a medical college graduate heard the republic's capital teen vaal was under attack from georgia he rushed home to help the injured he died in her arms as they lay trapped for days under the rubble of their apartment block that was in the georgian alterian firing line. as 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 rounded by families with similar tragic stories. in their targets 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 all those two thousand and eight when they try to retake control of the 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 wrong fire when you know it was going to be our last night but was still carried out peacekeeping mission and tried to be calm moskos sound trained force meant to protect its citizens and prevent more civilian deaths within five days georgian troops had been repelled three weeks later russia recognized the saturday as independence. the last three years have changed the face of this thursday i new residential air where new roads jobs and have been bussed in you have been built but still signs of the conflict remain behind my back are all that's left of the russian peacekeeping poles. for those who lived through the horrors of the priest but dadley conflict the memories still value role. much in

the question i see reporting from the scene vols south stats you. the regime in georgia are similar to that of mubarak here in egypt said softly but cody of former georgia pay an expert on politics in the caucasus we are talking about the country that has no opposition represented in the real politic alive saakashvili treats georgia as his own fiefdom the only difference to the size of georgia and egypt as a really matter how much egypt was playing a great a great deal for the united states in terms of stability in the middle east and georgia does not in the region but the fact still the same that we have political prisoners we have no free media and we have autocratic ruler who's reckless behavior and impulsive political decisions already played so many negative role for my country he is the one who started this madness of genocide against his own

people and the cooperate the only cooperate and the one who started the war the one who is going to be responsible for this action. you might be interested in a little bit later on tonight we hear more detail about the difficulties the south the setting people had to overcome 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. what one fateful night shots destroyed the harmony of life. how this republic got its life bank. hoping dreaming and recreating.

isn't. and if it would bring in that program when i just put ten minutes time tonight. it changes straight through the arab world some countries are finding it easier to adapt than others next iraq's foreign minister tells r.t. how the revolutions in the region have been positive for his country.

what do you think of the demonstrations and revolutions that keep shaking the arab world. with what is positive iraq has one of the first arab states that welcomed the revolution in tunisia probably our official representative was the first one to arrive in tunisia and egypt to congratulate them on the revolution we've got good connections with other protesters movements as well what they consider iraq to be an example despite all our drawbacks iraq is pursuing a line of new democracy it's an example of achieving democracy freedom and respecting human dignity we are all aware of our drawbacks however but they are looking at us whether we recognize the people's right to self-determination for fulfilling their political will and making their political choice while being free and preserving their dignity iraq is anything but neutral in this situation but at the same time iraq is unwilling to interfere with other people's affairs we can set an example that's how we see our role which does not consist in choosing leaders.

but do you have the same position regarding the current events in syria at the moment. yes the government has the same position regarding what's going on in syria however the investments in syria different due to the country's geo political position in the region and the role it plays for iraq syria is different from libya . it's different from yemen a good relationship and permanent contact with our brothers in syria showed that we still have time for the reforms that would be really felt by ordinary people and that it is impossible to resolve the issue slowly by force there was a further that quote that mr minister the leaders of political factions are carrying out an goshi actions with the government on the issue of american military instructors staying in the iraqi armed forces after america pulls most of its troops out how many are there going to be and how long are they going to stay in iraq. yes iraq needs military instructors probably the military instructors won't be from the troops that are being pulled out from iraq probably the training itself

will be conducted in iraqi we must be precise the published it's england only says the government is willing to start negotiations or rather than you can include an agreement on the agreement to pull out the coalition troops before the end of twenty remains. the. does it mean that before the end of this year all the american troops will be pulled out from iraq. or all the troops and departments will be hauled out before the end of twenty eleven without any delay but there is another problem here iraq has purchased tanks airplanes and military boats and this equipment requires thorough preparation and instructors and that's the case throughout the world and let's say tomorrow we buy russian tanks then the instructors must be russian as well you should not mix up two different things and talk about the troops staying there longer until now the number of instructors and other details has not been defined mr zebari i'm sure you are very well acquainted

with the report presented by prime minister nouri al maliki to party leaders in parliament of the current status on iraq's armed forces what does it say how the report gives an assessment of the country's domestic security and it says that our armed forces have reached the level of proficiency and equipment status sufficient for maintaining it. but i would like to point out again that we have no aircraft no air shield no defense system our ports in the gulf an imbalance or have no cover from the sea since there is no naval in place and there still remains a need for intelligence services in the view of the threat from al qaeda and terrorism and quite honestly we still need to build up our defense capacities we need equipment and armaments as well as qualified instructors who will be able to increase our army's performance to the level where it would become fully operational and self-sustained even letter given this when can we expect the iraqi armed forces to complete building up their defense capacities and he called up the

task of maintaining domestic security. this is beyond my authority so i'm not prepared to answer this question but i can say that it will take some time no doubt . there is an opinion that the decision to employ u.s. forces personnel to train the rocky army was made by iraq's political leaders under direct pressure from the u.s. seen what can you say about that they said lord that i hired out no there was no pressure the americans helped us lay the foundation and start building our new army that's one sure thing that they keep helping us and monitoring the progress they give advice on what strategic armaments we can buy for that we have a need for them and they have their own interests in iraq and they're protecting their interests or not by way of putting pressure or telling us to do this or that there is nothing. they say that they are ready to stay only if iraq asks them to we're not asking them with our government hasn't given such a request as for the military instructors this issue will be discussed by the

government of the country as late as iraq has a need for them. just

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hello it's midnight thirty early tuesday morning here in moscow you're watching international with me kevin now in our top stories glow. market fever us stocks head south from the first trading session of the america's credit downgrade it comes on top of volatile trading elsewhere in the world thanks also to the spreading european debt crisis it's our top story tonight. also developing news from the u.k. as well all evening london suffers another round of rioting with big new clashes between police and the buyers of hackney and lucia holding a weekend of violence across the city. and war stories three years after georgia's attack on south of said here we talk to the people still bearing the scars about how they're rebuilding their lives. more now than in our special report this hour on what some of the settings had to overcome to get the country back on track after the war.