a 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 talian premier silvio berlusconi criticized the 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 i.m.f. officials to enforce deeper budget cuts if it wants to avoid going bankrupt early next month this after euro zone leaders chose to wait till october before ruling on whether to release the next eight billion euro bailout but some economists say the more austerity measures they only make matters worse the reason that has to be gave for the actual downgrade from what from a plus to a minus was the bleeding cool situation is unstable well when has it never been

unstable in italy i think as indeed speaking on italy now. and you notice no other agencies are downgraded to. share their their political situation is is is it in flux size of poe's it will put a fire under them to resolve their political differences austerity 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 austerity at a time like this so you have to inflate the economy you have to create more money you cannot cut back. and so unless the europeans civically the germans stop insisting on a stereo for everyone yes it can get much worse italy's credit rating downgrade is another blow for an already weak euro zone for more on this let's go live to our business desk to find out how to hide until the world is reacting to this latest news so you really know what's going on with the markets yes not the here at. it

says seeing a bounce in cheese day trading that's despite standard imposed downgrade of a.t.'s credit rating and am i being that throws one point three percent in the first hour but it's now down point three percent meanwhile the german doctors at this hour one point two percent and london's fitzy point six percent higher and analysts say the positive sentiment is due to investors dogging hunting and they say investors sitting on lots of cash and although most is still very cautious so much shifting that cash into new opportunities popping up in the determine but the overall sentiment is of course negative because today's the third largest economy and this downgrade will have an impact in the medium to long term and of course we'll get a better idea of direction with germany economic data later today as well as the fed an interest rate meeting which ends tomorrow so much of it all right artie's really a shot of all the life for us at the business desk we'll hear more from you in the

business update thanks. in the united states president obama has laid out a plan to cut the deficit and revive 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 while failing to include higher taxes on the rich but republicans have decried obama's approach as class warfare and libertarian economists lou rockwell things the president's plan is targeting the wrong people. 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 of washington away from the all of the away from the ruling class or going back to what we have to concentrate on. the guys at the top which you who obama is working

for against soros put in these guns would not like them try to focus our attention on hate in the guts of a guy who wants a bunch of us so boys side with 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 cut back government that's what we need to do. commentary from libertarian economists lou rockwell. israel has offered old 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 artie's out of stasi churkin reports 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 top. 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 and 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 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. into a pumped up 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 of the confrontational to the surprising to the out white do you when she pilgrimage never fails to impress what happens right here becomes a mirror image of what i mean gauging game politics can be 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 tension you could try to like streak the united nations nobody is stunned that yet nobody has come in but naked with a goat 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 few tricks that have not been performed here yet i think the one that i remember the most i mean there was cut off it with who i guess will never be back here again so it's becomes memorable becomes it's a collector's item now his long speech and tearing up tearing up the u.n. charter and falling asleep so we have just taken your course you're out of a corner. you are. should not be called to support the constitution of the council the record holder for speech length 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 u.n. is really owned it's owned by its member states so it's not really anyone's role to you know be kanye west and grabs you know you've got to when they're up there they can go as long as they want they can also see whatever they want and accusations often go flying towards the u.s. yesterday with them. thank you.

right here and they say as sapphire still 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 from she could clad carla bruni becoming a headliner for the simple act of showing up to sob yet leader nikita khrushchev allegedly banging his shoe against the podium a grave for colonial slavery that should be buried deep for the better half a century later the story is rumored to be a favorite among tourists visiting the u.n. the soviet leader so on says the episode is a legend as the shoe banging was never captured on video was sure the power over the media over the t.v. . how all. of that but a good number that you can believe in many thing that never happened to showcase

word as deed officials pull out so-called facts sparring accusations backed up by wooden seal. the need to invade iraq by nonexistent weapons of mass destruction well we're giving you our faction conclusions based on solid intelligence the key players come and go who. it was you have the firm from one side and the other side and the just to so who are pure team and open as a team with a fierceness clearly not for into this international political stage drama year after year is the number one guest to r.s.v.p. . and if you churkin a hearty meal. in the west bank israeli settlers police and defense forces are gearing 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 artie's paulus leader has

more. there's a growing sense of isolation among israelis for months they simply named it. and now september is here and with it the ease and uncertainty about what to do when palestinians are asked the united nations to recognize the state i think the responsible thing to do from the idea of sport interview is to prepare for any eventuality prepare 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 fodder the israeli army has been preparing for months beefing up security on settlements and planting new land mines along israel's northern borders but many complain these measures go too far no they are going to would. maybe it's more come for. the last thing tel aviv once is 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 add a danger to those clamoring the mines are not necessarily very to deal with people who have peaceful intentions but mines are a legitimate form of defense many countries have mines on their borders for that reason in one of its internal magazines the 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 when palestinians put forward their case at the united nations the army refused of request for an interview the most they give us was an e-mail response in which they said they were performing ongoing situation assessments and doing everything required in order to ensure that the daily routine and security on israel's northern borders was maintained but it wasn't security there tof the right half of salad bars body he lost a neg a hand and an eye when he picked up a mine when he was thirteen years old. what type into the you

and sometimes. maybe it was if he did because it's how we can continue to live he like how. he got little sympathy from the israeli government that blamed him for being in an area infamous for mines but instead of hate and anger sally once 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 i feel very very very sad because i know . my own son and don't just. make just just didn't give flowers or a good life for the people it's nine months since the arab spring began and as palestinians not be the united nations the last of the region's old certainties are

being swept away but fears in the region are growing that what happens in new york will set the stage for the next middle east crisis. israel we have more on the continuing turmoil in the arab world coming away in a few minutes as fighters about if in a shop gadhafi is remaining supporters in libya while the west anticipates cashing in on new business opportunities in the country. turning first note though to some other stories making headlines across the globe at least two people have reportedly been killed several injured after an explosion in the turkish capital local media reports of blast happened on a minibus in downtown a fire spread to surrounding vehicles at spin put out officials have not yet commented on the cause of the explosion turkey is considered to have a high terror threat kurdish separatists have recently stepped up their attacks killing more than forty turks in the past few months. activists in yemen say

security force. this 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 banned open homosexuality among service members in the u.s. military has been repealed the 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 and 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 force them to open the

gates officials say so far fourteen of the fugitives have been recaptured security at mexican jails is notoriously weak with guards often intimidated or 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 membership in issues faced by seventy three million turks living in germany today the 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 artie'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 monica to comedy in frankfurt germany his grandparents escape from real coup in the one nine hundred seventy s. joining the lunchmeat white german society his mother grew up here and she seen

things. change but we have a time where everything was perfect you know we don't feel like that we have emigrated i met ben there i'd like since my son was born as a after five here then 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 of so you cannot make a situation also a population. increase so. not to 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 and ethnicity are leaving some germans

feeling threatened the islamic leaders forty years law make model of society it is very different from the democratic chairman 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 because we can already put it they were developing that . 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 the his that being now we are leg middle age. and with a serious labor shortage looming experts say germany needs all the workers it can get to a solution for demographic problems we need people the only people who can make people these teenagers from poor immigrant backgrounds are being welcomed into a new educational program called start which helps them with money and support.

towards the final school exams. is cooler than others my family was discriminated against it was a very difficult time for me now without wanting so much money i can focus on my studies and graduate from school. the demographic future of germany is difficult to predict but if programs like this work they could help germany accept these students as part of its multi ethnic feature the changes in germany's population on 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 tom bought some naughty minds german. war stories news in videos a click away at archie dot com here's what's on live right now lethal cocktail pilot error and bad weather investigators find traces of alcohol in one of the crew

members of the plane that crashed in northwestern russia in geo. meanwhile in the us a study finds car crash deaths fall but drug abuse deaths writes find out what's behind the switch at r t dot com and why rivera check out our you tube channel for the latest videos from around the world. is. download the official altie application to your i phone or i pod touch from the top story.

video on demand. and says feeds now in the palm of your. question. dot com. turning now to libya where anti could argue forces claim they will crush remaining resistance from the kernel 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 with r.t.m. self has been on the run for a month now his whereabouts are you know they go is still bombing the colonel supporters under a pretext of protecting civilians but some analysts think the west may be gunning for its own profit. it's very hard to believe that they are getting involved

militarily out of the use of their hearts but of course as we've seen lately there was a paris conference held where 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 and construction companies from britain and france in a very good position to get very lucrative business. in the national transitional council has made it clear that it wants to reward the countries who took a lead role in backing of the rebellion but we also have seen resistance from jihad 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 countries. you're is up next with the business update stay with us here on r.t. . thank you mark hello and welcome to business r.t. thanks for joining us the russian ruble continues to retreat against the main currencies it has about the lowest level against the u.s. dollar in ten months the central bank says the value of a free floating frugal will be decided by the market. it is very particular to it actually very suitable so you have to know that god gets in the cherry tree so you know you want to leave this a large amount of the most to go and so you've. said you know it was sure you should you know believe it so you know it was even you know it was a good hope that you could put you to school board election. look at the markets right now oil prices a mix this hour to 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 a barrel while brand is one hundred nine dollars a barrel european markets are trading on a positive note after seeing significant losses on monday however still under pressure after that standard and poor's downgrade of its holy orders over greece's state of economy also remain focus for the markets. and the russian rocket also up the arse here as gating 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 better bond is on the rise of speculation its might increase the amount of shares to be considered. sorry consider them to deposit to receive the electricity sector is also in the positive set and. continued gains after 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 but just has jumped more than its full

forward as a significantly extended base in that work. and russian equities may be seeing a bit of profit taking this week but michael style of creative believes the high oil price 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 which benefit from ohio personal one thing and also the impact of 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 o g t four this is a power generation company which is trading at attractive valuations it has low cash flow volatility and yesterday the company released a very favorable first half financial results showing a five percentage point improvement in the profitability of the big dollar bill and

also very strong topline growth germany has seen this is pushing its nuclear joint venture with the russian energy corporation or satyam the engineering giant says it's now going to focus on alternative energy to get his ago big companies agreed to jointly build a new generation nuclear reactor is expected to construct a four hundred plants by twenty thirty requiring a total investment of more than one trillion euros but for now the disaster in fukushima is siemens decided to phase out its nuclear power business the collapse of the tie up could put on hold or sometimes a mission is to extend its international reach. ted round have agreed to join to develop the world's largest untouched zinc lead to posit in central run and this will be run by russia's most technology and the biggest private bank of iran b.s.i. list estimate the project to be was happy to one point two billion dollars however implementation could be the iranian bank is subject to sanctions high consumer confidence and cheaper loans have given

a boost to ca sales in russia swedish also make a volvo says it's heading for a long 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 of a sixty very successful launch two years ago of x c sixty and that's all the business news for now the most stories you can always had to a website that's at eight o'clock slash business.

download the official t. up location on the phone the i pod touch from the top story. the jaunty life on the go. video on demand on t.v.'s mine pulled comes an r.s.s. feeds now in the palm of your. question on the t.v. dot com. more

news today violence is once again flared up the film these are the images the world has been seeing from the streets of canada. china corporations are all today. in the form. where human life is ruled by nature. is scarcely preserved by the clear. lie hidden in the deep. into those who deal with the. real story times are still.

one thirty pm in moscow the zero headlines rome 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 financial crisis it's the latest of six zero seven countries to have taken credit tumble this year. israel calls for urgent peace talks with palestinians but landmines on its border ahead of the palestinian bid for a seat at the u.n. this friday here could open a pandora's box. multiculturalism under the microscope turkey's president visits trying to break down a wall of issues facing immigrants in germany this comes as some germans say they feel threatened by an ever growing wave of immigration. next we take you to the furthest corner of far eastern russia where archy.