nosedived on friday stocks have enjoyed a volatile week amid warnings of slow growth eurozone debt jitters and artie's miniport are explains fears of a new wave of recession amounting. investors around the world may have very little to celebrate this weekend as u.s. stocks and major european share markets closed down on friday of course this capping the turmoil and volatility that continues to be seen in the european economy in the u.s. economy at least being seen for the past few weeks this does not help ease the lack of confidence interest and lack of trust that is taking place among analysts and investors keeping their eye on the global economy and j.p. morgan chase morgan stanley goldman sachs are among the three banks that came out with reports were saying their predictions for u.s. and global economic growth they cut those predictions morgan stanley even saying

that the global economy is hovering close to a recession and also not helping the circumstances recent reports indicating that the u.s. economy is not doing as well as anticipated manufacturing is that its lowest point since two thousand and nine the housing market is still experiencing a huge slump unemployment is spiraling here in the u.s. more than fourteen million americans are unemployed investors are also very concerned about how european leaders are handling the debt crisis in europe and the fact of what it's doing to the euro zone many believe that did the right decisions are not being made and not being made quick enough clearly this is an indication that three years after the financial collapse that started here in new york wall street it infected the rest of the world clearly that crisis continues to be having

a huge impact on the lives of people all around the world those people that were promised that three years later the economy would be doing much better and now all we see. he said that there are a lot of struggles taking place and it's not quite clear if any leader of any country knows how to handle this problem to stop all the volatility and turmoil and to bring confidence to investors who are in a point are there in the two thousand and eight collapse of investment john lehman brothers the largest bankruptcy in u.s. history is on many a financial mind right now fears of a repeat as sending markets into choppy waters and doc to jason johnson professor of political science thinks only rist averaging investor confidence will save the us from recession a companies that have lost stock value over the last two days or two weeks these companies aren't magically not working anymore it's just that people's confidence is at an all time lows so if confidence stays low we will see another recession of

confidence improves the economy while the only problem with that is when someone who actually wants to call it most of the u.s. right now is owned by china china is not about to reclaim the state of virginia they're not about to reclaim new york city by calling in their debt they primarily want to see america so if legislation can be passed united states if the president can sort some control and there's still some confidence in our future economy that big debts are less of a problem the inertia and inability right now to get the economy moving right now it looks like the chances of barack obama getting real like that are actually still better than fifty percent which would mean less markets that are concerned with investing right now now they're going to feel a bit more confident if it looks like obama's chances of being reelected are slim then everyone's going to get more nervous risk if you have no idea what a new administration might act policy wise despite the ongoing market turmoil the public has mostly left the traders to worry about slumping stocks but with

investments and pension funds on the line our very own resident in new york asks people there on the streets where they are putting their money. as the global economy continues to be volatile where do you feel like your money is safest this week let's talk about that do you have faith in the stock market are you kidding me. i'll go to that i love las vegas play blackjack or play roulette that's when you have a chance you have face i mean it's not too much but i'm still worried because they're. falling down but you haven't pulled out yet you know it'll come back to show you have money invested. they don't trust it that much i just haven't got the money if you have the cash now's the time to buy everything but what if it just keeps crashing for that you have the money to lose you lose it if you don't don't play it do you have money invested own best we cover the hard times and everything

in the in the economy is not stable so i just at this present moment the stock market is not safe so where's your money under my mattress the way it goes up and down it's really it's just. so i have no faith in it is there was a why we play a game with our security. well what are your choices what are you going to do with your money put out of the mattress i don't think that's going to work too well but what about in gold you can put some in gold like warren buffett says you take something from. under the earth you dig it up and all the sudden you put dollars into it and you have to get your money back out from selling the goal itself doesn't make sense to me if things were to get that bad to where you have to put your money in gold i don't think the u.s. government would allow. go to on the mind the currency so is there a chance that we could go back to

a system of bartering or more local kind of exchanges i think so right now we're living in the last days in gaza where the last days there would be lever money and that's what is that was the money so that we're seeing we're seeing signs of the end here with what's gone on with the economy i think so no matter where you keep your money these days the bottom line is no place will ever be completely in violence. amasses announce it's no longer committed to a cease fire with israel the statement comes as the jewish state continues to retaliate with air strikes on the gaza strip for a second day more than a dozen palestinians have been killed in the strikes began its campaign an alleged terrorist attack that killed eight israelis all day popular resistance committees based in the gaza strip were blamed for the original incidents following friday's airstrikes palestinian militants responded by launching more than twenty rocket attacks and rising tension comes less than a month before a vital u.n.

vote on the recognition of the palestinian state gaza based political analyst dr honey i'll bust loose thinks that israel wants to sabotage the vote and divert attention from recent domestic unrest. all palestinian political factions have their mind and a link or responsibility with this attack on the israeli side on despite this fact we have what this last might mean military operations against the gaza strip i guess that there is a link between the case of the policy there with authority going to the united nations next month trying to talk to you but it's nice to see i think the israeli side are trying to use this as a pretext to launch military bases it is the palestinian civilians on the palestinian factions i think the israeli military would like to to put dies i need policy in there for us to go to the united nations to seek a palestinian state we have witnessed for the past two weeks at major protests in

israel and i guess to the their israeli government would use that protest in order to support its own to stand against the government it's the case now i see i see now that israeli people would be more united against the palestinians in this case i guess that netanyahu government and his coalition they would use this as. their own affront that it is a blessing and be able to end the war in the protest inside israel. meanwhile egypt has decided to withdraw its ambassador from israel over the deaths of five egyptian security personnel in border attacks in two thousand the gyptian stage an angry protest outside the israeli embassy car and against the deaths the soldiers recording cross fire israeli troops try to pursue palestinian militants they believe responsible for the deaths of eight people in an ambush on thursday. this is r.t. live here in moscow with twenty four hours

a day coming up later this hour and politics don't mix in georgia the director of the country state gets the sack and many of those supporting him claim it's because he opposed the president. also still the government big business for some a tough job for others but a stunning show for all as our t.v. takes you through all the highlights of the max international air show in moscow. a u.n. humanitarian team is heading to syria to assess the situation there while the latest stream of anti-government protests are reportedly left at least twenty people dead syria claimed army operations against civilians offended meanwhile moscow's rejected calls from the u.s. and e.u. urging president assad to step down saying i'm sure to give more time to promise. nevertheless a set of fresh economic sanctions have been imposed on syria in response to the government's violent action you ready to expand pressure targeting the country's oil sector and as james denselow says such restrictive measures could prove

decisive but do not look realistic. the americans have been very clear they know their ability to change their behavior is limited they've always have to reach out to countries that are closer to syria and russia is one such country and a very important country at that so i think the americans want the europeans especially really have to work hard to persuade the russian they are right on syria russia is currently wrong so that is the next important step and i think we should focus on one particular element which is where. important could go either way syria's oil exports are the present about ninety percent or so serious oil is exported to europe so the europeans are now come out you know united front against assad does that mean they will no longer accept syrian oil now syrian oil makes up some a quarter of syria's hard currency budget so could have a huge amount of an impact on the assad regime its ability to control things so ultimately i do think there is more than rhetoric to what the u.s.

and the europeans are saying right now for many russians this day twenty years ago was full of uncertainty and extreme anxiety tanks were patrolling the streets of moscow was a group of hardline communist officials attempted to seize power but the coup failed venture leading to the collapse of the whole soviet union and to democratic reforms in russia bodies tom barton takes a look back at the dramatic events. twenty years ago today moscow was in turmoil tanks on the streets barricades mound outside the russian parliament the white house panic and anger were in the air and the soviet army came face to face with its own people. but are the first couple of days were pretty scary that's when we had to go to key points in the city and protect them there were crowds of people gathering and violence was on the verge of breaking out the coup plotters had isolated soviet leader mikhail gorbachev and seized control of media outlets one

reporter defied the k.g.b. officers in his news room. we've switched on our t.v. camera without much hope of being able to go on air tonight you can see barricades being erected. survey's report was shown and spread word of the democratic resistance developing around the reformist russian president boris yeltsin as the standoff continues through the nineteenth and twentieth of august fears grew of an assault on the white house thank you know all of the tanks and soldiers in the streets all of it made you feel uneasy thinking what's going to happen in an hour what's going to happen at night time. as armored vehicles tried to ram their way through barricades and move into a road tunnel near the white house some of the protesters tried to stop them lubov kamar thought her son dimitri was safe with a friend in fact he was manning the barricades. judging by

documents that i've been able to see another dmitri had climbed on my vehicle to cover its vision slits after the in that he jumped into the vehicles area hatch where he was shot. dimitri was only wounded but the vehicle then ran over his head killing him as two other protesters were shot in the mayhem. that guy was killed in front of thousands of people bizerk we pumped out later that petrified a nearby car their poor picture and bottles set in the more fire throwing them at the tanks the conspirators already wavering lost their nerve. the three men memorialized here have become martyrs for the democratic cause in fact the expected assault on the white house never materialized but even before the violence which happened just here few soldiers were being orders. my colleagues and i already saw that the coup was failing so i asked for i got the orders to attack the

white house and apprehend yeltsin we unanimously decided we wouldn't do it you know what are you. as the plotters admitted the bloodshed destroyed their cause the oldest coup had come close to succeeding but in the end it went the way of yeltsin and democracy tom bottom r.t. . the art world in georgia is up in arms after the director of the country's state theatre was fired officially the reason given was four xenophobe it statements he's alleged to have made but his supporters claim it was politically motivated after he spoke out against president saakashvili as rule sarah first takes up the story now . all the world's a stage the famous georgian face a director he say brilliantly brought to life many of shakespeare's works and it has been fired from his role. as the pride of the georgian theatre. has been removed from the coast allegedly for to methodically march but in fact there

was a revenge on a political decision who demanded georgian culture minister restored to his position. in comments he made in an interview directing name to being outspoken against the government said the president saakashvili being armenian meant he was no sable to understand the needs of the georgian people it was a criticism too far and the government branded him sent a favor and told him to exit stage left the many fear he simply being punished for his anti government. authority is to evangelise on stewart for refusing to support or worship them unlike others this was a political decision. the actions of the authorities haven't come as a surprise to sack of shit is a cane and this is the latest in what they call an anti democratic friends of the president's critics being silenced you speak as if roberts to release him for

a short period of time it will be a major loss for georgia and his theater but the government is not worried about this they're really afraid of. moral authority in georgia i mean those people that are brave enough to criticize them but this country to you forever but they say the show must go on and the internationally acclaimed director could now end up working here one of the most case most popular theaters where he's been off the top sports game would be lost very heavily felt by many in georgia surf city. by the way go to all the news you want to watch any time. you've missed here. it's online here as well here's a quick look at the stories for the moment on the web site a thirty year prison sentence. the person convicted for murder is just twelve years old and didn't even try to. present it to bring back all

the exporting venezuela to the country to protect it from financial ruin the possible consequences of that action. videos on you tube channel. four news today. these are the images from. canada. today. north korean leader kim jung il has arrived in russia's far east and is expected to hold talks with president inventive in a few days energy cooperation is expected to be the main focus well let's get more now on this from our correspondent jake jacob so tell us what are we expecting to

come out of this visit. or. further energy corp north korea the main parts of discussions. quite recently also of recently you've heard. spoken about the possibility with korean counterparts. that connects russia with north korea and then. to the north. very much in the early days of discussion. there whenever it comes to really. countries of course the issue of denuclearization of north korea there the six party talks involving russia very much are still ongoing and kim jong il himself will actually this is third visit to russia he first arrived in two thousand and one that was upon an invite by prime minister present his then

president vladimir putin and he stayed there for three weeks and a year later you also write this the first time though he's coming to meet president medvedev and actually be the first time they have met in person and expect to arrive in moscow about the twenty third of august for these discussions. ok and indeed he's coming by train on that journey jacob i understand that there by the road way line it's a long journey obviously from russia's far east just briefly all right well no jacob to me obviously here final point there so that's jacob reporting live there in central moscow. sounds of jet engines have been rolling around moscow over the past few days with flying machines tearing up the skies r.t. is the max international air show and we'll bring you all the highlights throughout the weekend. aerobatics team such as the russian knights and the swiss with their gravity

defying stunts among the favorites the russian fifth generation stealth fighter the team fifty that enjoyed its international debut is also among the must see jets at the show. during the event of already surpassed the previous max record of ten billion dollars on the shopping list for airlines established offerings from the likes of their boss but also tempting some to put pen to paper a double delight for russia the new m s twenty one mid-range airliner and super j r t you got this kind of tested one of them for comfort. only uprooted time just a year ago whose superjet is now officially in business over two hundred orders already bought from airlines in russia and from abroad now we have an. image that can be company called out of asking for major so we are now more comfortable and more let's say optimistic and positive about the next couple yes days a joint project between russia's aviation giants europe superjet international and

several dozen other companies this is the first civil aircraft produced in russia from scratch since the collapse of the u.s.s.r. . and you see what all the fuss is about we decided to go on a demo flight to as they say touch the plane ourselves this is actually the first full force of project one hundred which was sold to an airline it was named after getting got in the first man in space and this plane has already made several international flights we're told that this is the basic version of the chair so nothing special but pretty simple and modern looking the. luggage go to work man so overhead it will be pretty spacious scott noisy the seats the seats are pretty comfortable overall i have to say that this is a whole new level of comfort compared to the planes main validated rivals which are the change you want thirty four and the forty two. geared up with some of the most

advanced mediation equipment with a maximum range of around two thousand miles the sukhoi superjet will replace soviet era aircraft and with a price tag of around twenty five million dollars per piece which is around twenty percent cheaper than its main rivals there's interest in the super jet from foreign airlines as well generally as a flying experience is no different to flying around europe in any kind of money thing and a couple of little quip goes over well saying nifty electroshocks its developers say they will continue working on the super jet to help get rid of any teething problems and with the line of orders already secured the promise to deliver over one hundred sixty planes by the end of twenty sixteen hugo is going to have r t moscow region. and stay with r.t. throughout the weekend for the best of this year's max show coverage.

closer. to. shape the future flight. our team takes to the max air show. yes we'll be going live there a little later today in the next couple of hours now a missing russian communications satellite has been found by the u.s. space surveillance network after failing to separate from his booster rocket the device never reaches designated orbit experts now fear that the satellite will not have enough fuel to reach its working position the russian space agency is investigating what went wrong and scientists will now try to use the u.s. data to establish a communication link with the express am satellite was planned to be one of europe's most powerful and provide coverage across almost all of russia experts are hopeful the device could be solved and sent at least

a portion of its planned fifteen year working life. but more news from around the world now the state of the then a world update libyan rebels say they finally captured the strategic oil terminal of bega in the east of the country and fighting for control of the industrial town for more than a week comes after rebels seized the country's main order finally in the city with the territory still under his control has been decreasing dramatically in the past week the opposition fighters closing in on the capital. and six people been killed and fifty others injured in pakistan after unidentified gunman a bus carrying plainclothes commandos who were heading to carry out a raid following a tip off when they were intercepted by men who opened fire on the vehicle was attacked on three sides and earlier fifty people were killed and eighty five wounded after a teenage suicide bomber detonated his device in the main hall of a mosque during friday prayers. student protests continue to shake demonstrators demand free education and changes in school funding thousands of students blocked

access to a ferry from a small island for a response police used tear gas to disperse the crowd and arrested several people protesting the country started more than two months ago after president proposed sweeping education reforms. well that learn how to keep cool very shortly without. taking to the water to escape the russian capital's summer heat wave. to the center of the city is one of the best things to do on a summer's day the journey off is relaxing the years of all the may just. over the . many realize the summer here. everyone suncream for second. one hundred people this is. a sheltered room downstairs which says refreshments a boat trip on the river is an ideal way to see the city the air is fresh and there

are new around it's just you and the russian capital. program. will be back with a recap of our main story. we in just a couple of minutes this is all to you live here in moscow don't go away.

if. they want to order. this street still keeps its secrets but now it's time to reveal the truth to the soviet files on the.

last time the close up team was reached where the gold rush still gets people hiked up. this time margi goes to cure old region. where the local government is giving power back to the people. where every orphan will be adopted. where locals turn their land into a tourist paradise welcome to rejoin russia close up on r.t. . more news today violence has once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are today.

saturday morning here in the russian capital good to have you with us if you just joined us very warm welcome this is top stories now the global markets ended the week with one of the massive sell off investors panic before cost of recession in the u.s. and. the middle east is inflamed once again as a mouse pulls out of the following two days of his radio strikes in gaza the exchange of fire between the sides israel targeted those that claim a deadly attack on its territory thursday. and also russia marks the anniversary of a crucial turning point. by communist hardliners and the bloody resistance of a democratic activist twenty years ago opened the era of a new post soviet russia.