tv [untitled] August 15, 2011 6:01am-6:31am EDT
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egypt's former leader hosni mubarak has been back in court on this monday there the hearing it did not last long with mubarak's lawyer asking for it to be postponed to have some time to review the new documents he requested the court is now in a recess for deliberations hosni mubarak is on trial for corruption and ordering the killing of protesters in february uprising but those who were on a square back in february say this changes little as the current military rulers are committing the same crimes but excusing it with revolutionary rhetoric on a boy who reports from cairo. to young to bold yet old enough to die for his country this boy was just seventeen wanted to kill him on the toughness where last winter today his portrait adorn one of cairo central thoroughfares there's even a talk of naming a street in his name what makes someone and more fair and. well in the age of right now if the date of death those gone down prior to mubarak's resignation celebrated
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as patriots who lived with a brighter future of their country those killed after his ousting sometimes referred to as criminals to undermine their country's democratic strides and it doesn't matter that they share the same goals and they have these days just so this is about power and knowing the other way around this young man also counted himself among the children of the revolution with his older brother he celebrated mubarak's departure from power on to taking youth for the and to deploy state three months later he was killed in what his brother believes was a government sanctioned shoot. and shoot my brother dead and a bullet went through his fool hit and it came out on the other side and i saw that no one here has a weapon like this only soldiers. like sam least of victims whose deaths are now being pinned on mubarak these people receive no monetary compensation for their
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laws in fact they're increasingly worried that the new military authorities may persecute them a starts is became an own compassing term for those who don't appreciate the ruling military. and as. we expected the army to intervene to protect people who just don't mind and spirit but instead they started to kill people. who didn't expect. that. the supreme council of the armed forces as an interim caretaker when mubarak stepped down. brought to power by the protests the generals nevertheless don't show much liking for mass gatherings the cradle of the egyptian revolution is now cordoned off by riot police those caught protesting accused of public disturbance and sent in military trials in the last seven months there have been more people put on military trials than the number of people that were permitted chose under president of the most is the president of war so that's
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really president mubarak's regime individually of course there are thousands of cases that have been put have been arrested and put on child and sentenced within the span of two to five days sent horrible sentences starting from three years up to twenty five years as current his forehead still hasn't healed but these activists believes he got off lightly from he's encountered with the police a month ago a son of the former presidential contender who was jailed by the mubarak's regime nourse as the new authorities are just a brutalized version of the all and it's extremely few that there is very little difference between the people who are ruling us now hosting the world and that many of the crimes the hosting world are committed to his people are currently being committed. to us now by the people who are ruling us the supreme council of armed
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forces. whether it is using violence or oppressing. the public or even if it's manipulating public opinion but sadly in this is what hurts more because of these crimes are now being committed with the disguise of the revolution he gives these bloody t. shirt as a reminder that the egyptian revolution is far from over the former president is now on trial for his role in the mass killings but the body is still being built on the streets of cairo it's not a boycott artsy it's empty. on our attention now to syria where the intense government land and sea assault on the coastal town of tuckey is thought to have claimed at least another twenty lives it's the latest opposite of violence from the brutal crackdown on protesters that have seen over one thousand seven hundred people killed since march global pressure is mounting on the country's president to
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kick start reforms and stop the bloodshed assad made some promises weeks ago but as journalist neil clark told us the outright western support for the opposition is fueling the violence. ten days ago president and sad said he was going to allow multi-party system in syria but i think the opposition been emboldened by the support they getting from foreign countries such as the usa france etc and i think that's what's really treating this very dangerous situation where we could be heading into civil war and we don't know too much about you know his unit we're all this week we're seeing things in the west through a very sort of view because you know the position of betrayed is why it's why they're absolutely fantastic democrats of course i'm sure the people in the opposition who are like that but when we contrast it with the situation in bahrain we didn't get the statements from the u.s. saying that the government must go that the opposition must take power but we're going to get in syria isn't very helpful at all and if there is a new regime falls we could be into an iraq situation where we have sick terry and
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violence developing we could have attacks on the christian community she and versus sunni and that the real fear is that syria could just blow up and we could have a terrible terrible civil war we've got to prevent that happening and we only way we can prevent that from happening is if there's internal dialogue in syria. a little bit later here on the program we'll look at how the developments in syria might impact the situation in the wider middle east some believe president busy clinging to power. venture into a fresh conflict with neighboring. that's coming away in just a few minutes. distrust of the economics ratings agencies is growing with their activities being investigated both in the u.s. and europe in a dramatic reversal of fortune the shares in standard and poor's parent fell sharply over the past week on the vestas keep pouring money into u.s. treasury bonds. to investigate whether the credit rate is actually credible.
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breaking news the united states has just lost its top notch triple a credit rating from it was the downgrade heard round the world in a strong reaction to the rating downgrade and u.s. well it's. standard and poor's took the u.s. from straight aaa student to one not below for the first time ever bad marks were handed down for the nation's debt and politicians inability to agree on reining it in a two party downgrade a lot of it has to do with the failure of the present united states i think this is a tea party problem the greater in chief says the u.s. is becoming a bit more unpredictable in terms of. proposed. a stoic response from the downgrade or that helped ratchet up that the yeah tricks of the debt ceiling debate with the help of the other ratings agencies of course stealing the show from bickering politicians with their eyes on the debt deal they may be missing really a larger concern because there is growing evidence today that the u.s.
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credit score is going to get hit now that the u.s. has gotten hit just how much does s. and p's mark actually count well not much according to some like investor jim rogers but it's not because the country isn't broke america is going down the tubes where the largest debtor nation in the history of the world it's because of the source these late rating agencies have been wrong about nearly everything for the past ten or fifteen years don't pay any attention to them so just how does the report card stack up for the major ratings agencies themselves they are s. and p. moody's and fitch let's assess test one the mortgage crisis of two thousand and eight these are the same agencies that rated the toxic sub prime debt aaa so i mean how do we take them with any level of credibility after that. well let's see if they get any from tess to the too big to fail banks and insurers during the financial crisis they missed many of the big bankruptcies they gave high investment grade. ratings to lehman to bear stearns right to the very end gee they gave
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a aaa rating too to almost the day collapse good grades for firms that collapsed or were bailed out because of bad debt in fact the financial crisis inquiry commission said the three credit ratings agencies were key enablers of the financial meltdown and this brings us to test three ethics ratings agencies are paid by the investment firms they grade and moody's and s. and p. are publicly traded which means they may be more driven to increase profits for shareholders raising this debate right now you have the companies that are are being judged paying the bill and they can live around being a big berkshire the mr buffett also pointed out the market requires it because these ratings agencies has been around forever so they're in shrine by government regulations which oh yeah they have a stake in test for objectivity don frank legislation the financial reform has restrictions on rating agencies and the rules that are yet to be written and they
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carry huge deal about what those rules end up looking like saw it wouldn't surprise me if they were trying to curry favor with politicians in fact they spent a combined total of one point seven six million dollars this year lobbying washington over the regulations which brings us full circle to the downgrade of u.s. credit the u.s. was downgraded by s. and p. because of government debt per member of the government ran up that debt in part because they bailed out the big banks and a.i.g. back in two thousand and eight remember the one saddled with all of those bad mortgage bonds which the ratings agencies graded triple a when in reality they were a d. or an f. which makes you wonder if the ratings agencies themselves deserve a downgrade lauren lester r.t. washington d.c. and i want to come to you live from the heart of moscow and british prime minister david cameron has reiterated the zero tolerance approach to keep england. courts have been working throughout the night to deal with looters with almost eight hundred at this point charged now with taking part in britain's worst on rest in
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decades political analyst john research says it won't be long before more disorder erupts as arrests alone can solve the deep fundamental causes. this isn't something that can simply be. streets with water and plastic bullets it isn't something that can be and it isn't something that will be going posing draconian prison sentences we've seen one. for you jailed for six months for stealing a one pound bottle of water in the united kingdom that was there is greater inequality any point for the last two hundred years it's not easy as you go back to days of the slave trade to find such a just share of the brain the rich and the poor who want you expect if you show people repeatedly the most expensive consumer goods tell them that their sell worth a life but their respect from other people will be judged by the degree to which
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they can obtain these goods and then deny them the ability to get me there because the wage is also low or because there are no jobs at all or because of endemic poverty this is the combustible material that's been building up at the bottom of british society for a generation only really the surprise is not that the riots happened before these are some of the issues that have to be addressed and simply doing the police more powers as even the police are recognized to be there would solve the problem and tries to keep a lid on any further street violence we're asking whether you think those zero tolerance approach will work here's how you voting right now at r.t. dot com let's have a look at these numbers here so far just over a third say the policy won't be tolerated by the public thought he one percent think it will be ineffective or even a sign of weakness a quarter believe it will work but with split society while the remaining eleven percent this hour i say zero tolerance is ok as
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a temporary step but only until everything is down have your say and r.t. for a. brutal violence market ukraine's football championship this month with a stadium steward. beaten after trying to remove banners featuring the names of nazi collaborators it's thought that. was deeply rooted in fan culture that had high level support from the orange revolution leaders of two thousand and four but as a. reporter it's a headache for the current government with ukraine juda co-host next year's euro championship. the beautiful game turned ugly in the second half of genomics the first of several dozen fans brutally attacked a steward he was trying to take down banners supporting world war two insurgent army leaders. and the months. until he says he was simply trying to enforce the law yet. the fans to this violent you know political
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agitation can be used again which they refused and i tried to take them down myself the next thing i remember is someone hitting me on the head and dozens of feet kicking. here which is status has long been the main talking point in ukraine some here see them as freedom fighters and heroes others that's the majority of the population call them nazi collaborators in the one nine hundred forty s. they fought alongside the german invaders killing civilians russians pools and jews without mercy more than sixty years later and it was nearly killed as well but he's not sorie about his actions. and criminals. place for. these banners are being hung people red army veterans involved on may the night fish here ukrainian food goes no stranger to off pitch violence and nazi slogans the same football fans who crossed with the police are often seen in the
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nationalist marches at times carrying symbols for britain by full bull organizations in europe some experts blame the trend on the ideology of the previous administration. nationalism has been radicalized in ukraine because for five years. now. the football clubs. carries no direct responsibility for the incident. to ukraine. to these. incidents like this one. it's an excuse. with the eyes of your. betters commemorating the likes of which.
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israel might start a new war with lebanon at least that's what peace activists and protesters and fearing five years since the last deadly assault on its northern neighbor they believe a new conflict could be used to shift attention from israel's own ongoing social protest as well as trying to topple hizbollah from power. reports. five years on since the last israel lebanon will and israelis are convinced his below is we arming itself backed by syria and iran we can anticipate unfortunately. in the situation to a much bigger. the goal of which to wipe out hezbollah to disarm an. enemy at the border but say the
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critics thinking a war is inevitable is simple israeli propaganda churned out for their own purposes various like it or five years. they want to defend themselves. from the beginning but if war is on the cards now is as good a time as any syrian president bashar assad is struggling to stay in power and hizbollah in lebanon can't be sure of his support a fall of the syrian regime may create a new government which may want to shift away from the iranian alliance in turn then my trigger is my trigger israel to go and try to take a. week at some point. and as fate would have it it's not only his but now that's weak israeli prime minister benjamin netanyahu is facing me toughest challenge of his two and a half year. these social protest i'm on for netanyahu to make drastic change which
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is why some suggest there's nothing like a war to quieten these young protesters certainly the good patient. doctor says. the same people. to fight a war and such a potentially distract the united nations and international community from recognizing a palestinian state which is on the cards for approval next month. peace for. this event. should on down. there will be people. should back. and among the occasional. it's really just a matter of time till the next conflict.
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or in. some other world news for you. first public. life. the few inches that fell on sunday and monday are probably the most they've had in least thirty years did bring some transport disruption and cause a few road closures were a few snow men as well as for fun out there in this weather forecasters predict the cold snap to continue through wednesday.
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blasts ripped through at least five iraqi cities killing up to seventy people most of them in the southeast most of your twin explosions at a market there left at least forty two dead dozens more wounded seven blasts also rocked the rest of it diyala province killing ten no one has yet admitted the attacks across the country. all right now top of the business news item the tree is here. and welcome to business russian shareholders and taking their british counterparts back to the stockholm arbitration of you know they want to final ruling on whether b.p. broke the shareholder agreement by trying to organize the arctic exploration and sure swap deal with. the russian shareholders say they're not seeking compensation through the swedish court instead they have launched lawsuits in russia and have
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initially claimed damages of three billion dollars. the world's financial markets are heading for the first straight session of gains and after the most volatile weeks since september two thousand and eight but despite the current positive movement david jones from index believes the markets may still plunge deeper. the risk is even though we've had a fairly quiet couple of days the risk is we could carry on in the weeks ahead it's very similar the sort of moves we're seeing in markets to what was happening three years ago when we had the banking crisis and then we had plenty of volatility big slides. just move lara galloping we have seen quite a big change in sentiment towards stock markets over the last few weeks you know there's a very worried about the situation of course we have the u.s. that went down to the wire getting that debt ceiling raised we had the downgrade by the u.s. we've still got all these problems in continental europe with italy and spain
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growth isn't very good there's definitely a risk of a double dip recession but i think the immediate risk is stock markets to slide a bit. second to give the markets now we start with commodities oil is marginally up as confidence in the economic recovery slowly returned to the market but that's actually changed over the past hour we're seeing a decline now of almost one dollar for light sweet crude and sixty two cents for brant. precious metals are flat so negative this hour gold is catching his breath after breaking a new record on thursday and is now losing around a third of a percent silver is also down around one fifth as. european markets are still up in trading however they have lost some of the initial steve gains we're seeing still shares in recruitment and staffing firm michael page fell at one point sixteen percent after a disappointing first half results banks are up in frankfurt the commerce bank is in the leaders up around two. russian boars this hour in the black with energy and
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mining stocks among the main games let's take a look at them is the snapshot of the main moves on the mice still major seven star is gaining more than one percent after reporting a twenty percent rise in net profit for the first half metals mine another maker was no exception it's up to percent the company's board is meeting to consider making another offer to its major share. although roussel to buy back shares and major roles now there's also what the company's revenue rose thirty three percent the first of the year reaching around twenty two million. for investors who are keen to jump into the russian market at the moment peter weston from out on says the range of interesting stories is quite limited where you want to be if you have to be in russia it's going to be telecom selected consumers and some selected utilities select utilities difficult because you have the election side to it but i do think when it when it comes to cyclical stocks you have to very careful financials in russia looks fantastic to be honest but the problem is that when you
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see a market that goes down because of a financial crisis you are going to see financials being hit in europe and the us the russian banks that are listed and our previous sound will get punished by association. and most of on this edition of the business news on odyssey coming up next the headlines with rory.
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welcome back this is the live from moscow with me. the top stories now former egyptian leader hosni mubarak has returned back to court where he faces charges of corruption and ordering the killing of protesters and activists say the military which replaced him in prosecuting dissidents in ways even more brutal than his regime. there are fears israel is plotting a new assault to wipe out hezbollah and lebanon five years off the last. of the move will help to shift attention at home from growing social unrest. in the palestinian bid for us recognition. and ukraine has become an ugly. breeding ground. of the country's authorities or. it could ruin.
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