paul's which downgraded the country school by one notch and says its growth outlook is negative two prime minister silvio berlusconi criticized the decision as being the result of media hype and was out of touch with reality while s. and p. said it was driven by italy's growth and concern over rames ability to reduce spending despite the budget cuts just approved it's pushed up italy's borrowing costs with the threat of contagion once again hanging over time you are saying even greece even the i.m.f. of issued a final warning to ramp up budget counts if it wants to avoid going bankrupt very soon here is a leader's a holding back the next eight of billion euro bailout decision on till october but it leaves the big concern right now financial my circles of bill says really goes under our region would feel the impact. if it needs a bailout it will have to be a very very large one and at the moment the rest of the eurozone is certainly not

in a position to do that that's quite putting aside the politics as to whether the rest of the eurozone would be prepared to make the funds available we'd be talking about trillions not millions but trillions here of euro's of course if italy actually looked to be in any danger of collapse then all of those doubts about whether it's wise to go on putting money into the weaker southern economies would on the one hand be put aside but at the same time the politics would become absolutely unbearable probably in germany above all there is already a lot of doubt as to whether one should go on pouring money into greece unless the banks are helped by their own governments what is called recapitalize another would have given new money lent new money in order to beef up their capital base then of course there would be serious doubts about the credit worthiness of the banks and that is really i think what the governments are most worried about because if the

banks are seen to fail us and not prepared to learn to each other then we have another we have a repeat of the credit crunch where if banks don't lend to each other they also can't lend to businesses and that is what then leads to recession or possibly even depression it's very difficult to trace who actually holds that debt and even if you can trace that there are any insurance companies that in a sense have insured the banks against the fault with of a could actually afford to pay out is another question again again putting doubts in the minds of investors in the minds of certainly of bondholders as to whether it's worth going on holding out across the atlantic president obama's outlined a plan to revive america's economy with the wallets of the wealthy in his sights a bomb is proposing. fakes his own businesses and the richest americans who are expected to pay more tanks behind calculates to bring in about three trillion

dollars which need to be saved over the next ten years. from this to any debt reduction education that cut welfare benefits he also include tax hikes. but his rival republicans describe the president's approach as class warfare which will not create jobs it's airy and economists the wrong well believes the bonus plan targets the wrong people. we're getting poorer and it's absolutely true the 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 not let the guys at the top which you can borrow obama's working for again soros and buffet and these kinds of guys not let them try to focus our attention on hating the guts of a guy who wants a bunch of

a subway sandwich shops he's not the problem is the solution it's the bankers and all the people who got rich wall street the military industrial complex big pharma it's these kinds of arms of the corporate state that are getting rich far too rich and how they need to be cut back cutting back cut back government that's what we need to do. economist lou rockwell outlining the shortcomings he sees in president obama's deficit cutting. moving to the middle east now israeli settlers and radical rights groups are gathering in the west bank to protest the civilians drive for sovereignty at the un on friday police forces are highly alert fearing the mass marches might turn violent of settlers and palestinian lands. is their last words the mood among the people what have you have. tensions here are running high and i'm talking among the various israeli settlements on the west bank at the west

bank settlement of it tomorrow where today tuesday the largest demonstration is being planned they've been dubbed sovereignty demonstrations and essentially what they are safe is marching to nearby palestinian villages nearby i would villagers to essentially lay claim to this land i was speaking to some of the organizers before i came i have to you and they said that they were expecting several hundred people turned out here today the march is expected to get underway any moment at the moment there are more journalists than protesters here but we are hearing reports of buses coming with people being bussed in and essentially they'll be marching from the settlement down the road out the settlement to any a by palestinian village and this is being seen launch me as a provocation the ultimate goal is to reach the palestinian city of nablus but no doubt the israeli army won't allow them to get that far now these kind of demonstrations are being organized by extremists organized in the past some of the demonstrations in east jerusalem as well as in arab villages to give you a mood of what people are saying some of those are people to say that they will not

be waiting at home so that arabs come close to being painted pretty soon you will be very close to the same city when i was great to see. you as it was it was hotter than the others in the arab it was right. there was a feel for her was she where you all were if you can hear me israel's i've been on high alert has it ever since the palestinians declared the intention to gauge the u.n. what's been done. what is radio was her father how did. her body her give her. that her son i mean you know i mean you know that was her child was the number of her but

her fit for that class but that's just the way they could have cut down the other bond or the hold up with that actually had an interest was being kind of might well be looking for a good border but so you just take the. physical ring sense of isolation among israelis for months they simply named it supply and also timber 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 boy's case scenario is violence there's even talk of a food into fodder these really army has been preparing for months beefing up security on social mins and planting new land mines along israel's northern borders but many complain these missions go too far now they're out of. mines.

maybe it's more. 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. 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 the fence 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 crowds 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 gave 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 towards the right half of salad bars body he lost a leg a hand and an eye when he picked up a mine when he was thirteen years old. or so what happened with you and sometimes. it was. if he did because if you. 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 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 i feel very very very sad because i know

you know or my. material. just just by the. flowers or good life for the people it's nine months since the arab spring began and as palestinians lobby the united nations the last. the region's old certainties are being swept away but fears in the region are growing that what happens in new york state the stage for the next middle east crisis. r.t. israel. now the un general assembly is being dominated by the showdown over palestinian statehood let's get more on what's going on at the u.n. from. york for us good to see you know everyone's in place for the new your top four developments are there as of now. well the international community certainly does have its hands full with pressing problems conflicts and challenges but the issue that is taking center stage here

this week is the palestinian campaign for u.n. membership and statehood president mahmoud abbas is set to address the general assembly on friday which point the palestinians say they will of fish elise submit a letter of request for u.n. membership now the u.n. has reportedly put tremendous pressure on abbas to drop the u.n. bid and resume peace talks with israel but regardless the palestinians are pressing on and say that they will continue on with their campaign for u.n. membership washington has even public publicly threatened to use a security council veto to block this move now if this is a vote that is just taken by the general assembly it looks as though the palestinians will be supported they will have two thirds of the majority of the vote and that will gain them an observer status at the u.n.

but it will also gain them a symbolic and historic victory so obviously we can expect that this issue will be discussed day in and day out leading up to friday now president of. the palestinian bid you will tell me tension. to happen almost school. that's right well currently the united nations is holding a high level meeting on the situation in libya and u.s. president barack obama will be speaking at this meeting he is expected to highlight the international success removing moammar gadhafi from power obama's expected to stay the say that the world now stands with opposed khadafi libya and he's expected to say that the. successes in libya according to the point of view of the us shows what the international community can do when it works to gather now

representatives of libya's national transitional council will also speak at the meeting outlining plans for setting up a new government obama is also expected to say that the u.s. ambassador will be true returning to tripoli to head its newly opened u.s. embassy there so this is obviously an opportunity for obama to tout any of the u.s. the successes in libya taken divert attention from this issue surrounding the palestinian campaign for u.n. membership following the high level meeting on libya president obama will shift gears and turn his focus to afghanistan he will be meeting with president hamid karzai it will be the first time that both leaders will meet one on one face to face since obama announced plans to remove thirty thousand u.s. troops from afghanistan next summer what hasn't been hammered out is how many u.s.

troops will remain in afghanistan how long they'll remain in afghanistan and this is something that will probably be discussed between the leaders ok marina many thanks. from new. the european human rights court has ruled that russia acted within the law when it launched a tax fraud a probe against the now defunct all john you calls the verdict states there are no indications the case was politically motivated but judges also found that between two thousand and two thousand and one bosco rushed the proceedings leaving the company with little time to prepare its defense the freezing of its assets left with no ability to operate its eventual collapse you can also which was once headed by jail tycoon mikhail haga kosky demanded almost a hundred billion dollars in damages but the court says it needs more evidence from both parties before ruling on that plane. let's get a quick look now at of other international headlines this hour explosions the

turkish capital killing three and injuring at least fifteen people officials say a bomb was planted in a vehicle in downtown anchor out while i witnesses claim to have seen a burning canister thrown apart because from a nearby building there the cause of the blast remains unclear turkey's a stranger to the threat of terrorism or separatists have recently intensified their attacks in the country killing over four she touched in the past two months. street fighting investigated in the yemeni capital as pro-government forces shot dead nine more people in a dating violence the total number of victims since sunday now wasn't even sixteen including four children the crackdown in sanaa follows reports the country's vice president could sign an initiative arranging the transfer of power something protesters have been calling for for markets. around the banning open almost sexuality in the u.s. armed forces has been lifted off the nearly two decades the policy known as don't

all stink tell was introduced in one hundred ninety three during the clinton administration under the law gay men and women could at least in the american military if they kept their sexuality as secret activists for gay rights and equality described the rules repeal as a significant breakthrough. in china heavy rains and floods and landslides eight of the past week left seven people dead dozens missing and hundreds injured more than a million residents have been forced to flee their homes the trench will downpours turned streets into muddy rivers that swept away calls toppled homes and blocked roads as well as levels continue to rise the worst floods in the country's history have already caused huge damage harvests on the cloth. multiculturalism is increasingly rattling than as if he used it isn't than ten. plans to join is a worry for germany right now the two are having top level talks in berlin because

germany wants to hold back from being a full member which would allow the free flow of immigrants i was told barton report as i'm a graphic i left ethnically diverse country. it's the end of school for thirteen year old monica college in frankfurt germany his grandparents escaped from morocco in the one nine hundred seventy s. joining a largely white german society his mother nadia grew up here and she's seen things change and we have a time where everything was perfect you know we don't feel like that we are immigrants i met barack 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 i can see you cannot

make a situation also a population. increase so. decided not to have as much children as we need increasingly wealthy german is seen 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 leaving some germans feeling threatened by the islamism levens forty years law make model of society it is very different from it in a classic 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 wearing headscarves we can already put it there are developments. too late say immigrant communities arguing about immigration now is outdated. may even border on racism here we are still have

a discussion about the his now we are like the middle age. and with a serious labor shortage looming experts say germany needs to work get to a solution for demographic problems we need people so y'all need to. make people these teenagers from poor immigrant backgrounds are being welcomed into a new educational program to create start which helps them with money and support towards their final school exams 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 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 watson r.t.

minds. if you're looking for more exciting information to check out all of the recent videos available on our website dot com here's a snapshot of what we've got on line for you the moment normal for fear the author of a foreign bailout cash china is giving a helping hand to deep in debt. to find out the terms and conditions that our website called. a little advice and found the red hot chili peppers that piracy doesn't pay a man in the u.s. has been hit with a way for its sixteen thousand dollar fine for illegal file sharing but this payout could just be the tip of the iceberg to find out how much he sounds means altogether log on to our web site. in just a few minutes and he talks to one of the palestinian president advisers he tells us the bid for u.n. membership is not the end game but before that let's get a business update with.

hello and a very warm welcome to the business program the russian ruble continues to retreat against the main currencies it's reached the lowest level against the u.s. dollar in ten months although analysts believe capital outflows are the main cause here softness of all they could do it as the money will return in the near future. with ty. you tend to see these two factors being realigned the current account and the financial account. capital flows being real line with the overall direction of the current account so if we continue to see high oil prices i do expect capital outflows to react to the. outflows to slow down and possibly capital inflows to start to set in because there is cheap and it is cheap given the fundamentals that are out there and accordingly i think

even speculators with time. may find it profitable to take a second look at the ruble and start investing back again. let's have a look at the markets now oil prices bounce back from losses in previous sessions where the escalating fears of the eurozone debt crisis continue to stoke concerns over demand lights which is currently trading at around eighty six dollars per barrel while branches that one hundred ten dollars. gold stocks are inching lower in early traders were the economic recovery overshadowing optimism about who says debt talks and speculation that the fed will do more to stimulate growth. that european markets are trading on a positive note they seem to have a standard and poor's downgrade of italy's debt rating the bullish sentiment is supported by speculation greece could receive the next eight tranche from international creditors the dax is one percent up even as the nation's investor

confidence fell to its lowest level in more than two and a half years in september. but in russia the markets are mixed this basically a truck you those gains overseas though they are inching lower point four percent while the my success slightly retreated from earlier games though it's still enjoying an almost one percent growth. a look at some of the individual share moves in the my six energy majors are trading strongly in the black russian oil pipeline monopoly transnet saw net profit more than doubled to one point four billion dollars to only here in the second quarter of twenty eleven thanks to crude sales to china shares a two percent on the news bonkers on the rise on speculation it might increase and the amount of shares to be converted into depository receipts and dixie's among the game is in retail sector the company's first half net profit has jumped more than four fold as it significantly extended its network. well rushing that which is

maybe seeing a bit of profit taking this week but michael stein from creech air believes the high oil price will continue to make mortgages stocks looks promising. given the very high level of uncertainty out there 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 and also 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 low cash flow volatility and yesterday the company released a very favorable first half an inch results showing a five percentage point improvement in the profitability of the big dollar bill and also very strong top line growth. and in the news to pounce toshiba and russia

still have a machine they are investing more than one hundred fifty million dollars in constructing a plant in st peter's but to make power transformers which will be ready in two hears and a third of production of will be exported. germany's siemens to squishing its nuclear joint venture with the russian energy corporation. the engineering giant says it's now now going to focus on alternative energy two years ago the company's accrete to jointly build new generation nuclear reactors they expected to construct four hundred plants by twenty thousand requiring a total investment of more than one trillion in europe but following the fukushima disaster symons decided to phase out its nuclear power business the collapse of the tie up could put on hold. to extend its international reach. russia's young dicks has expanded for the turkish version of its search engine it's opened a web portal in turkish and an office in istanbul this is the first time ganders has entered the non brush and speaking market the company is and will some tough

competition as google already has a virtual monopoly of the search market in turkey. the high consumer confidence and cheap lows have given a boost to cost sales in russia swedish or to make a volvo says it's heading for a long and sustainable growth in the market with sales up seventy three percent this year i'm expecting growth in the automotive market of around twenty percent mark and i'd expect us to be grown slightly ahead not significant we had probably twenty five to thirty percent ahead for next year it's more 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 with x c sixty. more business news in less than one hours time do stay with us.

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this is. how it's credit rating dropped by one notch by the pound and pools agency which is also called a negative outlook on growth on the news. creating yet another headache for its european partners. turkey's president is in berlin to discuss them a great journey and strong attempts to be a full even member which will allow freedom of movement germany's europe's most ethnically diverse country with a big turkey's population but it struggling with multiculturalism. and with the palestinian bid for u.n. recognition just a couple of days away israel and its key partners in the u.s. are keen to show their opposition israeli military forces are in full to find that borders even though officials are calling for him.