i know what's really happening to the global economy with my stronger no holds barred look at the global financial headlines tune in to cause report. on the ropes the euro zone's third largest economy takes a hit as italy's credit rating goes down sparking fears of an even deeper by the actual crisis across europe and. israel calls for urgent peace talks with palestinians but has mines on its border added the palestinian bid for a seat at the u.n. this friday had some more you could open a pandora's box. multiculturalism under the microscope turkey's president visits berlin trying to break down a wall of issues facing immigrants in germany. it's

one pm in moscow i match reza good to have you with us here on r t our top story italy's credit score is taken and knocked financial ratings firm standard and poor's has downgraded the country one notch deepening the euro zone's economic woes the agency also gave a gloomy forecast for the country's ability to get itself out of trouble tahlia premier silvio berlusconi criticize a decision calling it out of touch with reality s. and p. says this move was prompted by italy's weak economic growth and fears the government will fail to deal with its huge debt despite parliament recently passing an austerity budget downgrade now means it could be more expensive for italy to borrow money to pay its creditors meanwhile cash strapped greece has been given an ultimatum by e.u. and i.m.f. officials to enforce deeper budget cuts if it wants to avoid going bankrupt early next month this after eurozone leaders chose to wait till october before ruling on whether to release the next eight billion euro bailout but some economists say more austerity measures they only make matters worse. reason that s. and p.

gave for the actual downgrade from what from a plus to a minus was the blue legal situation is unstable well when has it never been unstable immediately i think there's an abuse picking on italy now. and you know there's no other agencies of downgraded i'm sure they're there to their political situation is it in flux i suppose it will get a fire under them to resolve their political differences but. is not the way to go the europeans are being run by unfortunately the german banks and the german banks are crying austerity you don't need a spirity at a time like this you have to inflate the economy you have to print more money you cannot cut back. and so unless the european specifically the germans stop insisting on the steering for everyone yes it can get much worse italy's credit rating downgrade is another blow for an already weak euro zone for more of

us let's go live to our business testified out how the financial world is reacting to this latest news so you know what's going on with the markets yes not the european markets seeing a bounce in cheese they trade that's despite standard and poor's downgrade of eighty's credit rating and mit and its rose one point three percent in the first out it's now down point three percent meanwhile the german dax is up this hour one point two percent and london splits the point six percent higher and analysts say the positive sentiment is due to investors bargain hunting and they say investors sitting on lots of cash and although most is still very cautious some a shifting that cash into new opportunities popping up and they've been but the overall sentiment is of course negative because a today's the third largest economy and this downgrade will have any impact in the medium to long term and of course we'll get a better idea of direction with german. economy dates have late set today as well

as the fed an interest rate meeting which ends tomorrow not all of the key all right are he's really a shadow of the life right out of his nest as we'll hear more from you in the business update that's. in the united states president obama has laid out a plan to cut the deficit enter of the economy with the wealthiest americans expected to pay more he said big earners and corporations must pay higher taxes adding that everyone should pay a fair share outlining roughly three trillion dollars in savings the president explicitly promised to veto any debt reduction legislation cutting benefits failing to include higher taxes on the rich but republicans have cried obama's approach as class warfare and libertarian economist lou rockwell things the president's plan is targeting the wrong people. and we're getting poorer and it's absolutely true that government connected rich are getting richer so what do we do about that do we punish businessmen who are creating jobs and creating wealth and making things

better or do we take some of the stolen goods away from the people in washington away from the oligarchy away from the ruling class i think that's what we have to concentrate on and not let the guys at the top which is who obama was working for or against soros put in these kinds of guys and other than try to focus our attention on hating the guts of a guy who wants a bunch of the subway sandwich shops he's not the problem is the solution it's the bankers and all the people who got rich wall street military industrial complex big pharma and it's these kinds of arms of the corporate state that are getting rich far too rich and you know they need to be cut back cutting back government that's what we need to do. commentary from libertarian economists lou rockwell. israel has offered bold direct talks with the palestinians in new york as a jewish state attempts to halt president abbas's ambition to win u.n. recognition the u.s. also opposes the bid and there has been intense diplomacy to avert

a crisis over the move out of stocks which are going to report on the counter efforts that russia is taking to see the palestinian plan go through. russian foreign minister sergei lavrov held an urgent meeting with the u.s. secretary of state hillary clinton now members of the delegation are telling us that even though this is a closed door meeting the assumption is that lavrov and clinton were negotiating the future of talks on the israeli palestinian leaderships the palestinian bid for statehood at the united nations security council is really stealing the show this year we know that palestinian leader mahmoud abbas is expected to present palestine's bid for recognize statehood to the u.n. secretary general ban ki moon in the next days to come and this is something that we know israel in the united states are really not fever and they have been calling for the whole to negotiations between israel and palestine to kick start again on a bilateral level this is something that palestine is already seems to be tired of so it is taking these specific actions to try to get its recognized within the

within the international community so when extremely busy week lies ahead at the united nations of course often the highlights of the week become speeches of world leaders addressing the general assembly hall and this year is promising to be no exception for a look back at some of the more historic moments that have taken place throughout the last two years let's now go to our report if only these walls could talk and. wow factor and center stage drama would be their story every year for about ten days the united nations becomes a mecca for world leaders. from the confrontational to the surprising to the outright wacky the when she will women never fails to impress what happens right here becomes a mirror image of what an engaging game politics had me over a hundred in one thousand members make up the general assembly to get attention leaders have to get creative if you want

a lot of the kitchen you could try to like streak the united nations nobody stunned that yet nobody's come in but naked with the gold on their back i mean so far none of this has happened but i wouldn't rule it out in the future that's one of the few tricks that have not been performed here yet i think the one that i remember the most i mean there was could i think with who i guess will never be back here again so it becomes memorable because it's a collector's item now his long speech are tearing up tearing up the u.n. charter and falling asleep so we'll just record your corn and you're out of corn. you are my hard. disk of the constitution. the record holder for speech like an indian envoy in the fifty's nobody remembers what he said but they remember that he went on for eight and a half hours exhausted the diplomat collapsed at the podium only to return and carry on the un is really owned it's owned by its member states it's not really anyone's role to you know becoming a westerner into grabs you know you've got to when they're up there or they can go

as long as they want they can also see whatever they want and accusations often go flying towards the us yes even then ok. maybe you. are right here and it's made as a sense for students today and from the us the greatest obstacle to this future is that your rulers have chosen to deny you liberty and the media obsessed with creating legends out of these performances she replied carla bruni becoming a headliner for the simple act of showing art to solve youth leader nikita who short allegedly banging his shoe against the podium agree. wavery it should be buried deeper the better half a century later the story is rumored to be a favorite among tourists visiting the u.n. the soviet leader son says the episode is a legend as the shoe banging was never captured on video push through the car or over the medium of you over the t.v.

. all. of that of goodwill that you can believe in me. to showcase word as deed officials pull out so-called facts spying i can see backed up by i wouldn't feel the need to invade iraq by nonexistent weapons of mass destruction we're giving you our faction conclusions based on solid intelligence the key players come and go. because you have one side. and just two so who are you would team in because it would have fierceness clearly not for into this international political stage drama year after year as the number one guest to our s. and p. and r.t. new york. in the west bank israeli settlers police and affairs forces are hearing

up to bear the consequences of a palestinian aspiration for sovereignty as they expect mass marches in support of the move landmines are being planted alongside the border or his policy or has more . there's a growing sense of isolation and money israelis for months they simply named it as a temper and ask the timber is here and with it the ease and certainty about what to do when palestinians ask the united nations to recognize the state i think the responsible thing to do from the i.d.f. point of view is to prepare for any eventuality for the worst case scenario and hope it doesn't happen the worst case scenario is violence there's even talk of a food into fatah the israeli army has been preparing for months beefing up security on six wins and planting new land mines along israel's northern borders but many complain these measures go to for no girls going to work. for. the last thing to live if one says

a repeat of the chaos at its borders three months ago when hundreds of demonstrators stormed the israeli syrian border in a show of sympathy for the palestinians twenty protesters were killed by israeli fire the area is littered with mines and added danger to those clamoring with the minds of not necessarily a very to do with people who have peaceful intentions but mines are a legitimate form of the fence many countries have mines on their borders for that reason in one of its internal magazines israeli army said it was planting new mines in the area as a deterrent against any future demonstrations that might take place cards are expected to surge forward and palestinians put forward a case at the united nations the army refused our request for an interview the most they give us was an email response in which they said they were performing ongoing situation assessments and doing everything required in order to ensure that again the routine and security and israel's and northern borders was maintained but it

wasn't security there tore off the right half of solid body he lost a leg a hand and an eye when he picked up a mine when he was thirteen years old. or soon we will see what problems with you and sometimes. maybe it was the people who if you did because it's a hole we continue with the life he could hear how. he got little sympathy from the israeli government and their planes him for being in an area infamous for mines but instead of hate and anger sally wants his misfortune to be a warning to others and is now dreading what will happen if thousands of people surged towards the borders later this week. because. their bombs. just to just.

give flowers or a good life for the people it's nine months since the arab spring began and is palestinians not of the united nations the last of the region's old certainties of being swept away and fears in the region are growing that what happens in new york will fit the stage for the next middle east crisis policy r t. we have more on the continuing turmoil in the arab world coming away in a few minutes as fighters about it is remaining supporters in libya where the west is of it's cashing in on new business opportunities in the country. turning first though to some other stories making headlines across the globe i least two people have reportedly been killed several injured after an explosion in the turkish capital local media reports of happened on a minibus. a fire spread to surrounding vehicles and spin put out officials have not yet commented on the cause of the explosion turkey is considered to have high

terror threat kurdish separatist i recently stepped up their attacks killing more than forty turks in the past few months. activists in yemen season. forces have killed more than fifty people in the last two days during clashes with anti-government protesters across the country in the capital sanaa snipers opened fire from rooftops shooting among others pedestrians and those filming the violence the crackdown follows reports the country's vice president could sign an initiative arranging the transfer of power something protesters have been calling for for months. a policy that bans open homosexuality among service members in the u.s. military has been repealed a practice known as don't ask don't tell was introduced in one thousand nine hundred three during the clinton administration under the rule gay people were allowed to serve in the armed forces as long as they kept their sexual orientation is private the gay community has hailed it scrapping as a historic day for equality. in mexico at least thirty two inmates have broken out

of three different jails in the state of veracruz it happened almost simultaneously when prisoners armed with knives overpowered guards and forced them to open the gates officials say so far fourteen of the fugitives have been recaptured security at mexican jails is notoriously wreak with guards often intimidated bribed by drug gangs operating both in and out of the prisons the region seen a sharp spike in violence after a major drug cartel moved its operations there from a neighboring state. turkey's president is in berlin discussing e.u. membership an issues faced by seventy three million turks living in germany today multiculturalism debate comes at a time when the country is marking fifty years since inviting a wave of turkish workers to help boost efforts in building the berlin wall or he's tabard looks at the changing demographics of one of the world's most diverse countries. it's the end of school for thirteen year old carlie in frankfurt germany

. his grandparents escaped from morocco in the one nine hundred seventy s. joining a largely white german society his mother niger grew up here and she's seen things change but we have to tell. everything was perfect here like that we had and it went well and there i'd like for for my son was born as a after five here when i feel like something's happened in the politics not just problems are at least partly down to a massive demographic change statistics show that the overall population of young people in germany has fallen by two million in the past decade or so you cannot make a situation also a population will increase so. the family is. not have as much children as we need increasingly wealthy germans see raising children whilst holding down jobs as a waste of time and money the only parts of the population that are growing

immigrant communities the changes in culture in the city a leaving some germans feeling threatened islamism leaders forty years law make model of society that is very different from the democratic german money we find that islam prevents people from properly integrating into germany for instance if we see ten year old girls being sent to school with scars we can already put it into philip was. too late say immigrant communities arguing about immigration now is outdated and may even border on racism here we're still have a discussion about his that you know we are like the middle age. and with a serious labor shortage looming experts say germany needs all the workers it can get. so you. for demographic problems we need other people and the only people we can get is islamic people these teenagers from poor immigrant

backgrounds are being welcomed into the new education program create start which helps them with money and supports to wards the final school exams but we believe that. is cooler than my family was discriminated against it was a very difficult time for me and now without warning so much about money i can focus on my studies and graduate from school. the demographic future of germany's difficult project to live programs like this one we could help germany accept these students as part of its multi-ethnic teacher the changes in germany's population and the debate surrounding them will take many years to play out but life goes on and by the time these teenagers have children of their own it seems likely the face of society here could look rather different from what's an artsy minds term or.

more stories news in videos a click away at r t that car here's what's on live right now we've all cocktail pilot error and bad weather investigators find traces of alcohol and one of the crew members of the plane that crashed in northwestern russia in geo. meanwhile in the us a study finds a car crash that's all but drug abuse just writes find out what's behind the switch at r.t. dot com and why are there check out our you tube travel providers radios from all around the world. it's. easy.

the official allocation show i phone i pod touch from the i choose i'm still. on the go. video on demand all season long curls and r.s.s. feeds are now in the palm of your. question on the t.v. dot com. turning now to libya where and how they could argue forces claim their crush remaining resistance from the colonel supporters in the next few days but their progress in taking three besieged cities or slow with ground often switching hands several times throughout the course of a day loyalist forces are dug in deep and said to be using civilians as human shields meanwhile libya's new ruling body the national transitional council is having trouble forming a new cabinet because of disagreements among its members. has been on the run for

a month now his whereabouts unknown they go is still bombing the colonel supporters are a pretext for protecting civilians but some analysts think the worst may be going for its own profit. it's very hard to believe that they are getting involved militarily out of the boots of their hearts but of course as we've seen lately there was a paris conference held where a very business interests were discussed and the whole purpose of that meeting was of course to make the military adventure worthwhile and to discuss business opportunities involving the rebuilding rebuilding of libya with energy companies with telecom firms and construction companies from britain and france in a very good position to get a very lucrative business deal with. the national transitional council has made it clear that it wants to reward the countries who took the lead role in backing the rebellion but we also have seen resistance from jihad these movements who

have called for the members of the national transitional council to resign and who are making it abundantly clear that they are determined not to lead the west plunder the country. years up next with the business of paid stay with us here on r.t. . thank you might hello and welcome to business r.t. thanks for joining us the russian people continue to retreat against the main parents that it has now the lowest level against the u.s. dollar in ten months the central bank says the value of their free floating approval will be decided by the market. moving to you for your late edition there you should be so you have no dog in this should treat children in the market which is a large amount of the most secure you'd sure hope so you know give every show issue some believe that the united nations even though it's a good hope that you could use a school board elections. look at the markets right now oil prices

a mix this hour after seeing heavy losses on monday escalating fears over the eurozone debt crisis continue to stoke concerns of the demand light sweet is currently trading at around eighty six dollars per but owned by a brand is one hundred nine dollars a barrel european markets are trading on a positive note after seeing significant losses on monday however a bear still under pressure to that standard and poor's downgrade of italy or is over greece's state of economy also remain in focus for markets. and the russian market there also are the r.t.s. is gaining point four percent while the my six is just one point five percent up. and let's have a look at the index that moves on the my six right now is but a bond is on the rise or speculation it's mine to increase the amount of shares to be considered. sorry inserted into a deposit to receive the electricity the secretary is also in the process of said

cherry tree on russia's continued gains up to it reported an almost sixty percent increase in net profit for the first half of the dixie is among the gain is in the retail sector the company's first half profit just has jumped more than its full forward as a significantly extended base in the world. and russian equities may be seeing a bit of profit taking this week but michael side of crete here believes that high oil prices will continue to make commodities stocks looks promising. given the very high level of uncertainty out there a word by using our clients to take advantage of the fact that the world price remains stubbornly high and also noting that the ruble has weakened a lot we like the world stocks who's going to put the high oil price in one hand and also the impact the favorable impact of the weaker ruble another stock that merits attention right now given investors desire to shelter themselves from the commodity price volatility is a company called old u.k. for this is a power generation company which is trading at attractive valuations it has no cash

flow volatility and yesterday the company released a very favorable first complementary results showing a five percentage point improvement in the profitability of you with our level and also very strong topline growth germany is seen as is pointing its nuclear joint venture with the russian energy corporation or satyam the engineering giant that's now going to focus on alternative energy do you guys ago big companies agreed to jointly build a new generation nuclear reactors is expected to construct a four hundred plants by twenty thirty requiring a total investment of more than one trillion euros but for me disaster because she made siemens decided to phase out its nuclear power business because of the tie up could put on hold while sometimes a mission state standards international reach. around have agreed to join to develop the world's largest untouched zinc lead deposit in central iran and this will be run by russia's most took the only and the biggest private bank of iran best buy and list estimate the project to be worth up to one point three billion

dollars however implementation could be harmful to the iranian public a subject he once actions i consumer confidence and cheaper loans have given a boost to cause sales in russia swedish automaker vocal goes said it's heading for a long term sustainable growth in the market with sales up to seventy three percent this year. i'm expecting growth in the automotive market around the twenty percent mark and i'd expect us to be grown slightly ahead not significantly ahead probably twenty five to thirty percent ahead for next year it's more a year of consolidation for us two thousand and twelve with at least in russia no major model launches but i think you know we're building on some very successful launch or a sixty very successful launch two years ago x c sixty and that's all the business news for now the most stories you can always have to our website presently dot com slash business.

download the official policy of location until i phone the i pod touch from the q sampson. life on the. video on demand on cheese month old comes an r.s.s. feeds are now in the palm of your. machine on the column.

more news today violence is once again flared up. these are the images the world is seeing from the streets of canada come home for asians or. some. in the far away land. where human life is ruled by nature. of planet earth is scarcely preserved by the poor. animals.