why don't what's really happening to the global economy with much stronger a no holds barred look at the global financial headlines tune in to cause a report. that's heavy fighting continues in medias bloody civil war there is concern the country's chemical weapons could fall into the wrong hands. and struggles to balance the books as stagnating growth and surging down bring about government cuts for fear of public outrage could soon spill out onto the streets. now the caucus is republican the piracy is electing a new leader and a vote triggered by the death of its president. and it's the final countdown to the father as you know meeting inject some hope unter with the markets and just the pace of the speech of ben bernanke the business archie will bring you more analysis in about twenty minutes to.

you watching our team coming to live from moscow with nary an joshie the u.n. has called for restraint in libya amid reports of abuses and alleged summary killings by both rebels and gadhafi loyalists the security council has also agreed to release one point five billion dollars in libyan assets to help deal with humanitarian needs the opposition continues to claim that tripoli is largely under its control while the national transitional council says it's moved from a stronghold of benghazi to the capital there are reports of heavy resistance by khadafi forces with the colonels were about so unknown meanwhile khadafi his air and nother radio message claiming he's fighting on the front line nato has denied previous reports that it's assisting the rebels in the hunt to find him investigative journalist webster tarpley says if gadhafi isn't captured nato will shift its attention to countries like syria. it was supposed to fall in march he

has essentially gummed up the works he has assumed the blocking position visa v the nato subversion machine and he's kept them tied up for six or seven months if the resistance were to subside which i do not think will happen these military assets that we presently see deployed in the central mediterranean will be moved to the eastern mediterranean and bear hezbollah and syria and ultimately iran had better watch out because they're also targets and remember this gets into iran and also russia because of that important a naval station to syria which is the base of the russian mediterranean squadron so if it's if it's calming down in libya that simply means that this war will move move east but i think right now we're looking at a very long war in libya let's compare gadhafi to well i don't want to compare him

to mobile omar but you know that was ten years ago mullah omar is still operating with no problems. i think can can go on one better so i don't don't look for the feet to be rounded up any time and even if he is there is an extended family here and there is indeed an extended tribe the tribal organisation in libya is ideal for conducting a resistance under these conditions. the pentagon says it's monitoring science in libya known to contain stockpiles of chemical weapons it's feared terrorist cells of militants could raid the arsenals which allegedly include tons of mustard gas and raw uranium and while the u.s. is pledging to prevent the weapons from falling into the wrong hands doubts being have whether they will be safer under nails watch and archie's lore amyt reports. tripoli a city in chaos there's constant gunfire both aggressive and celebration and on the outskirts of the capital stockpiles of chemical weapons south east of tripoli

mustard gas and other chemical agents which can cause severe blistering and death and to the east hundreds of tons of rule uranium which can be processed and used in nuclear bombs you need to know very little about the people who might come to power in tripoli you know if you took these caches of weapons of mass destruction then again people really don't know what's there and if this is falling into the friends of the people i mean the situation is potentially disastrous despite the heavy presence of rebels in tripoli the chemical stockpile appears still to be in the hands of what's left of kids or beats government that's both good and bad news following a series of meetings in two thousand and three moraga he agreed to allow weapons inspectors into libya the first step towards of bands of being his w m d program in return for a normalizing of relations with the u.k.

and us they agree that he wouldn't use all move the material but now thanks in part to nato support of the rebels he's on the back foot and may feel he has nothing to lose by disregarding that agreement cry victory or martyrdom will strike an ominous note to those who know his weapon its potential. given the violations of the national territory of libya by needle the rebel forces i think that the idea that he would be gone and said these types of. agreements would be off the table at this point and certainly he was quoted as saying in early july and he would be willing to go to europe if tripoli was attacked so i think it's a fair assumption to say that if there is that capability that he would be looking at that option at this point. but the alternative rebel control of hundreds of tons of rule uranium and chemical weapons is arguably worse according to many some of

the rebel factions have links to al qaida or of commentator abdel bari atwan says the west got itself into this trouble now it has to decide how it will figure it out and the options aren't attractive we know that. the people who are fighting kind of. extremists or how they could be would those people are about the model of kind of could i think i believe. would be more corporate than that. figure there are some indications nato is considering putting peacekeeping troops on the ground in libya we general experts warn that could be seen by parts of the free libya movement as an act of aggression but having supported the rebel movement nato must now deal with the consequences even if that. islamic extremists nor and it's our team. of syria's also believed to possess massive stocks of chemical weapons the ongoing unrest in the country coupled with international economic and

political pressure is only fueling fears for global security leonard spector from the center for nonproliferation studies says the weapons seen by president asad as a symbol of legitimacy have to be eliminated. but with assad still in control of the country and his forces still intact with very few defections although we are seeing some defections the items are safe although still in the hands of a very vicious dictator so for the moment i don't think we're seeing any loss of control but as this situation unfolds and as we may have the violence of the kind that we've seen in libya and different factions become alarmed and perhaps take on the regime then the chance for chaos and for the loss of control of the group grows extensionally what we have to imagine is perhaps a change of government that is that done peacefully under international pressure that assad steps aside when he observes the magnitude of the. demonstrations and

the pressure that he's now receiving in terms of sanctions and other means and in that environment and then we can get an international team in from the organization for the prohibition of chemical weapons where you would then have the orderly control and maybe eventual dismantling of these weapons they are illegitimate weapons and the international community is our eyes and they need to be eliminated as fast as possible and hopefully the new government that might come in there would not look to them as symbols of legitimacy the way assad has had to do up to now. it was an r.q. coming to live from moscow so i have for you this hour program for their writing style was the cause of russia's unmanned spacecraft crash while walking to power will affect the crew at the international space station has been awaiting vital supplies. and discover how people in the central russian region are taking the initiative back into their own hands to change their communities for the better.

the richest sector of french society employers are pledging another three percent of their annual income to help the country battle its deepening debt crisis that's as the french prime minister announces some twelve billion euro worth of cuts alongside gloomy forecasts for growth as our g.'s daniel bushell explains the move could be too little to wait with fierce social unrest could. see joy is a triple a credit rating for now which is one of the boys ratios among the world's top rated states. has been told it to follow the u.s. and be downgraded just repaying interest only this year has overtaken education and defense as the government's biggest. causes presided over the biggest jump in levels in our history but too much water. falls is going to

solve the. problem is that a six year old of spending cuts this week but to call them things. those cuts go nowhere near enough and you can go. and buy a porsche and they call the. doctors frauds these huge tits birds and is breeding crudely of reverse moods in schools and hospitals. getting. computers are very old. fashioned through. the situations explosive say experts and frauds could be next to witness riots like blues in britain with deprived regions like the inner part of cities in the suburbs. are socially segregated to very high stand.

or in germany so yes unrest in the suburbs and spread through nicolas sarkozy's flying this fall from france as he turned over to a specific or island of new color to deal with students planning street protests over the cops he's left the job of presenting them to his prime minister you let them take the flak for it and hopefully you know students retirees can march directly and protest against their ministers while he's behaving in a certain because these absence in this time of crisis rights leading newspaper le figaro may be clear both politically but his failure to tackle the country's troubles now could be creating even greater problems for the future. to see paris caucuses republican because he is electing a new leader following the recent death of its president sarah gave her cancer

treatment comes as a country faces a number of challenges in a wake of his long fight for independence from neighboring georgia archies town barton joins us from the republican capital so who all time as we know the polls are already open and the vote is taking place on a very significant date for the country what more can you tell us. polling stations are now open across the capital so whom and people are turning up to cast their votes we've talked to a few of them they want to keep their votes close to their chest at the moment only one or two of them said who they were voting for but there seems to be at the moment dozens turning out and it seems to be quite quite a parting up to be quite a day of voting here a very special day in art for abkhazia and for our guardians it was three years ago on this day that russian president dmitri medvedev recognized the independence of abkhazia after a war both here and

a lot of fighting in south of setia to the east against georgia. also today the reason for this election being held now is the death of the former president's surrogate back on may the twenty ninth his sudden death left a vacuum and there are now three candidates trying to build but host the first is alexander he is the vice president and he said that he's grateful for russia's recognition of cars is independence and that that should that recognition should not come in vain that the country should be built up after that recognition the second is the prime minister also says that that recognition is very important for the protection of ford's means that you can now get on with building up its economy for the third is role. he's a former vice president and he's tried in these elections before he's the most

critical of what he calls over dependence on russia for cars used to plan the road cars years development a lot of international observers have turned up today from the region from the yuan from further abroad and they're going to try and monitor the fairness of this election throughout the day. what time is it now has ears a very young state what can you tell us about the mood among the people there and specifically why did they expect from their future leader. i think it's fair to say that people here are going to expect a lot from their new leader a country at the moment is largely defined by its struggle for independence both in one thousand nine hundred one and two against georgia who wanted to control it after the collapse of the soviet union even though it wanted to break away again in two thousand and eight when all of georgian control over carson territory was pushed out and the cause it became. fully independent in its own mind over that

giving that territorial integrity however all that fighting has left its cost many many years of shelling and battles on its territory have left the infrastructure very damaged and its industry weakened once a very famous soviet holiday resorts and famous for its exports of fruit these industries are now a shadow of their former selves and they're really going to need to be rebuilt and find new markets for those industries in order for there to truly be able to stand on its own two feet. all right our thanks very much indeed for bringing us this update from tom bart reporting there. watching r.t. coming to live from moscow and we're here for you twenty four hours plus you can watch the news you want when you want it on our website which is r t dot com here's a quick look at what we've got lined up for you there now new york police and the

cia are slammed for racial profiling and discrimination as it emerges they collected intelligence on muslims in undercover operations. at a superstar signing cameron striker samuel eto arrives in russia to join duggie study side with a hefty salary to boot all the details at r.t. dot com. i'm urgency crews have so far failed to find the wreckage of a young man russian spacecraft that crashed on wednesday experts say parts of the progress vessel could have burned in the atmosphere while falling down a space ship was carrying supplies to the international space station when it now function shortly after a launch it crashed in southern siberia triggering fears stocks fuel could be dangerous for locals and the environment so far there are no reports of any such damage best eaters and experts are now looking into what could have caused the incident the government ordered the tougher control of space ships after the second

rocket failure in russia and less than a week when r.t. is shown thomas now takes a closer look at what exactly happened with the progress spacecraft and the implications of the crash for the isis group. here you can see video of it that rocket falling from the sky and right now there are crews which are flying over southern siberia looking for that rocket what we do know is that there was a sensor failure in the second stage of that rocket and the third stage failed to ignite which gave it the inability to make it to orbit the first two stages usually launch of the exact same time in fact they always launch at the same time in a community with a third stage and it's that third stage which propels. the progress craft up out of the earth's atmosphere so that it can then be in orbit and then synchronize with the international space station in terms of what does this mean for the international space station and the crew on board we should note that there is no

routine to space flight there's always an inherent danger but there is no immediate threat to the crew on board right now because they have enough supplies right now we are told that they have about three months of regular supplies left as well as an additional emergency thirty day supply of food and water and necessary items for every crew member on board john thomas reporting there well let's not take a look at some other stories from around the world a state of emergency has been declared in many parts of america's east coast where hurricane irene is on its way authorities in new york have ordered evacuations from low lying districts while in north carolina around two hundred thousand people have already fled earlier in the week the hurricane battered the bahamas and the caribbean causing huge destruction as well as flooding and power cuts. at a time i can see you know in northern mexico has left at least fifty three people dead and twelve injured our man broke into the building in the city of monterrey and doused the facilities with

a flammable liquid witnesses said they heard three explosions before the fire started it was one of mexico's deadliest attacks since president calderon launched his answer against drug cartels five years ago. japan's prime minister has announced his resignation clearing the way for the country's six year and five years now the con has been under fire for his response to the massive earthquake and tsunami earlier this year and the radiation crisis that followed the potential successors include the current foreign finance and trade ministers and you premier will face a number of challenges including rebuilding from the devastation and problems caused by the strong yen which is holding back economic recovery. watching r.t. coming to live from moscow time now for the latest in our close ups here is where we explore undiscovered parts of russia.

well today we are in the here of region it's famous for its natural beauty and stunning countryside as we explore the region artie's either abroad it explains how people there are taking matters into their own land hands as they tackle local problems. social logical surveys regularly show that russians are more concerned with practical problems with social issues that are with abstract freedoms in a region such as the care of region one of the poor regions of russia one would get subsidies from moscow these practical problems are politically pressing problems but infrastructure problems are providing services so here with a limited budget they've come up with an innovator right way of solving the most pressing issues they got what they asked for two slides a sandbank and it be charged might not seem like much but for a small community indicator of region they've become a leisure hotspots they used to be no one here it was abandoned now when the sun is

out you can get at least. this type of project only cost five thousand dollars but it was no money in the local budget to build safe access to the lake and still the regional government introduced a local initiative scheme one day heard of it clubbed together and applied for a grown from a special fund within months the beach was late. for fear of people who were consulted over those very decision to build it and i think as a result people look after this property properly the idea of micro projects was thought of jointly by the world bank and the cure of administration they provide the thirds of the money while local citizens have to thaw and the rest often go around houses to collect the cash nearly two hundred micro projects will be built in this region but end of the year. we want to change people's attitudes instead of expecting things done for them we want to take initiative we're giving power to the people that just might look like a women's institute meeting in

a village hall in fact that participants are thrashing out the details of a new road there is heated debate about the quality of the works and what are the builders are falling behind. unlike other projects the financing of the road is completely transparent we know where every rouble has gone. the village of color cheeky has just over a thousand residents several hundred of them petty criminals serving their time in a labor colony that has one poorly stop shop and for every road it builds terms more that need to be repaired. the micro project will not solve its problems but it is a start now the government can't just rely on its citizens to come up with a solution for every single infrastructural problem that faces russia but in a place where major decisions are often made with little consultation but a foreseeable future this program is a good idea. the person next to me is. a local journalist so you should be well

aware of the main issues the main problems in this region we've just seen some of the social issues that sort of what will they tackle but in your view what are the most serious or the most pressing issues that face the kind of region old world. problems of young people are really serious in our region because young people can't find. and i mean if you're with a good salary for example according to my own experience it was very difficult for me to find a courtyard and of course that's why i am people who bring your schools and they try to maybe begin a better life they move to another seat is to moscow to some it was brought. to be exceeded is. a think it would be better for them you work as a journalist is the dream job in your region. different your obs i worked as a waiter as

a promoter i sold different things but now i work as a journalist and they can say but it's my choice it is which for me and i think. they're one of the best parents from need to work here because there are no good jobs here for young people. at least looks like because. you look elsewhere the world your region but the but you coping. that brings up again here in r.t.l. let's see what's happening in business where your ear. and all that's right time for your business update zero hour is approaching for ben bernanke lee to outline his vision of how to save the u.s. from slipping back into recession the markets will be watching the federal reserve's annual meeting in jackson hole they'll be looking for hints that the money printing press will once again be started how whether to mccutcheon from the

vocal gold but leaves the fed has some a nation and all it's got left are blanks. all of the money has already been printed there's already massive cash reserves book outside of the us on a corporate level as well as at the federal reserve bank. and their own balance sheet and they bought up all the mortgages and everything else back in two thousand and eight so no matter what they do they're really sort of a rock and a hard place if economic activity picks up in the u.s. in philosophy picks up money starts moving more and more and there's a lot more money than there was three years ago that's inflationary if the economic cami doesn't pick up then they have to print more and more money to cover the the budget surplus of shortfalls they have which again is inflationary so they really don't have much choice the only thing they can do is raise rates but if they do that they're going to kill all the homeowners in the u.s. who are underwater on their mortgages so there's really not much more bernanke you can say frankly on friday than was already been so. how does the markets just beijing ben bernanke his speech let's have a look at those figures oil prices a trading thought to negative just fine art can i really just drop refinery

production on the east coast of the u.s. and coal just flood walls to some of those still heading for weekly decline snapping its longest winning streak in four years silver is setting of a one percent. across asia stocks are trading in a tight range investors seem to be unwilling to make strong moves ahead of the u.s. fighter is that's come from his son brian songs of russia with dial securities down of two percent in tokyo in hong kong strong earnings report industrial and commercial bank china it's up over three of the three percent. and one hour ahead of the opening bell in moscow the russian markets ended the trading session in the red both the arch as the myself forced to build one percent as you can see. russia which is have been struggling to find any positive momentum and trade gas from banks all eyes of course will be on the facts comments on fighting if. i don't

think anything should. happen just because we're aware of. all the more of the sparking nothing sensational to come out of the regular day. and that's a consensus with the old rule if you want to look at this month and other things for example still end of august people vacations and then there is no running away when the carbon as well which some people you know we go off so i think before all that will pass the way the markets will be lazy because it will say the least of course you can expect some you know from us or you but i think you should not be a major threat and boards and the boards. at least and fuel in the next two three weeks from now. finally russia turns out to be quite a hot spot when it comes to advertising media agency qur'an says the country's advertising market will grow seventeen percent this year three times the last of

them from quarter one and lists note that companies some of the world are cutting spending on promotion because of the uncertain times but russia is an exception with growth rates before me forecasts. that's all the time for now europe has a chip more business stories in. hungry for the full story we've got it for. the biggest issues get

a human voice face to face with the news makers on the t.v. . we'll. bring you the latest in science and technology from around russia. we've got the future of coverage.