i. believe i protests against wall street and corporate greed to go nationwide in the united states would demonstrate is accusing the mainstream media of ignoring the rapidly growing campaign. finance ministers put off a decision on a crucial bailout loan for greece where angry people claim the austerity measures imposed by the government are untenable for libya's transitional leaders and named a new cabinet and he could be troops continue to bomb the colonel's besieged stronghold of sirte as well amid accusations they're also targeting civilian homes

. on the market that looms rosenstock so close that a two year low on tuesday with the us is my sixth mining five percent each morning that is when she missed. global news twenty four seven this is on the line from moscow with me real recession fury over corporate power in the united states is spreading from new york all across the country thousands of joined a so-called occupy wall street movement where i get by the economic slump in the role of big businesses and at hundreds of demonstrators have so far been arrested result he is an associate reports america's mainstream media has been largely ignoring the rapidly growing movement. taking the big apple by storm. category wrested by the hundreds. getting netted and pepper sprayed in the face.

spending night and day on the far from welcoming streets of the financial district . that's the price these demonstrators are paying to get their outrage across to those holding reins of financial and political power coming americans who make up most of this country don't have access to corporate power and the media don't have many options to get their voices heard those who take specific steps fight for change in the west are largely getting ignored and marginalized this artist and activist has been arrested twice i didn't expect to be arrested and it's weird to get beat by the police to get locked up incarcerated for always and always knows where i would say do to food but good cause and for this movement. i ignored for the first two weeks of occupying wall street the peaceful movement started taking tougher measures by getting bigger and louder the only way to get the media to

notice is to be disobedient. to the people who noticed. the mass arrests have built up popular support for the movement by. putting us through some for abuse because it's hope. you know it's bringing more work and some have sacrificed more than hours in jail to fight against wall street and many people have quit their jobs that have come here that's already happened the corporate media week three into the camp outside there does not pay much attention here the sunday front pages of some of america's most read newspapers or ridicules both the form and the substance of the gathering it is equal parts but truly body odor and you're and they're more concerned with. brainwashing people american idol and sports drama and pretty much anything to serve as a true. if i did any important issue. right now this is a because i noticed quite

a corporate and political elite it's tougher than ever for those against the system to get attention with even some police officers ready to admit this protest is the way. the only. way to do it i imagine the occupy wall street movement promises to grow in the months to come and history shows that the voice of the people can't be neglected forever and if they see it sure cannot r.t.e. new york and i we are inviting you to get involved just tell us what you think about the wave of protests are raging across america in cost you have voted r.t. dot com we're asking who are the so-called occupy wall street activists are checking out the numbers here most of you think they are freedom and democracy fighters just like the arab spring activists or the second most popular rather far behind is that they are victims of police repression and the rest of their hired crowd or just a bunch of trouble share what you think and are teed off. demonstrators in the

united states again voicing their anger over rising joblessness student debt and police brutality professor alex if it's hardly he took part in the protests and your belief is their ultimate goal is to change america's political climate. there's a clear sense the united states that the power of wall street is completely out of control and that they are responsible for wrecking new american economy and i think young people in particular feel that their futures have been rewarded stood before the outrageous salaries and bonuses earned by these wall street executives i think in large part what they're trying to do is to create a political climate where a number of political actors can start to talk seriously about significant reforms that hopefully can break up this kind of corrupt marriage between economic and political elites in the ninety's i think it started more likely indignance movement in spain with the young people who felt alienated from both. and from the political institutions labor unions and cetera what it's morphing into i think is

something more like what's been going on in greece which is of kind of movement against the politics of austerity that benefits wall street and so that's why we're seeing more labor support more support from community organizations who feel that they are being asked to take pay cuts cuts and services so that wall street and into enjoying all kinds of tax breaks and giant bonuses while the financial frustration isn't just in america greece has it once again being left hanging this time until mid november eurozone it ministers have pushed back a decision on handing over more bailout cash and says admitted that it won't meet deficit that lines despite crippling cuts but the greek finance minister has said the nation it can wait one more month for rescue. reports from austerity capital things. here almost impossible to square that the most dramatic side of this economic crisis in greece has been played out as time and again we've seen people

turning up outside the parliament building to protest against the seville stares the measures that they say has to be untenable he find ourselves back in a position where people now are really asking just what's has been achieved by implementing these astaire's the measures the quick government has committed that it won't be able to meet it's tough deficit reduction targets sent to the whole usa really about what the implications of that will be the greek government have also means imagine that thirty thousand civil servants tell me a little may never touch in the salary for a year well be at the end of the year the possibility of dismissal they're overweight and the police won't even get that. and hearing needed if the country wants to stay and play detroit quote it to care in the culture it may be trying to hammer out the details of that now it has to be said that. the

only shortly you've got money that could. be felt almost immediately would laugh at least at this point it's also about the rest of the usa countries and indeed the global economy that is that this will have a separate knock on the fact that people are really asking now whether the euro is a need is it going to be able to come up with realistic solutions to get the country out of the situation that has been criticism from some of the analysts we spoke in t. here and often say said that we've seen these job losses we've seen because it wages and pensions these are people who no longer be able to pay cuts to people who are struggling to pay the taxes and yet the government still seem to be selfless touched a solution to plug the big deficit in the budget so there are concerns really about the practicalities of any of these measures having. any effect will also talk about the possibility of default and as we said there's a lot of public anger at the people here he feels that their lives are being put in

a situation that is simply untenable that they can't live with they gave me more that stakeout or that we see so much of a last year was happening against my big concerns really about where they you know if they needed it thanks be able to pull the country out of the situation. are you surf warning of mouth and swallow despite the ongoing rumors of a euro or finance ministers have rejected the possibility of a greece what the four of those loans but investment advisor patrick young says i think needs to just leave the single currency if indeed it wants to save its own accord. the european union are trying to cheat fiscal control of greece because they think that's the only way they can actually control the crisis essentially what is being fought at the moment is a call for the sovereignty of greece the european union is too slow in case there's too little leadership and there is a pig headed incremental germs particularly amongst the finance ministers but this specially amongst the leaders of the european union asians in terms of

understanding that they needed to move a lot faster on this crisis they still need to move much faster and ultimately time is running out because greece is leading the contingent that is going to kill the mural by the end of the year if we don't see positive and rapid action realistically but action means that greece needs to leave the euro because the problem is we cannot leave citizens of b. european union just starve to death because it suits a troika of international lenders. when the world leaders are looking for a specific way to tackle the world's financial troubles some economists say the problem lies deep inside the global structure now we spoke to a senior social a g scholar at yale university emmanuel wallerstein who think that the modern financial system is actually reaching its natural demise. modern capitalism has in my view but that's

a long story reach the end of its rope and it cannot survive as a system we are seeing is the structural crisis of the system its roots are in many ways the impossibility of continuing the basic principle of confort lism which is. ceaseless accumulation of. gotz the whole point of capitalism as a system and it's it's worked in some ways marvelously well for five hundred years it's been a extremely successful system in what it has tried to do but it has undone itself as all systems do it's extremely dangerous to you and to me it's a system in which everything is relatively in short term unpredictable if you don't know what's going to happen the next day or the next year then you don't know what to do and. then that's basically what we're seeing in the world economy right now

there's a. nobody's investing really and if you don't invest that makes the situation even worse but people don't feel they don't much choice they're right they don't have too much choice the options are are few. and you can watch the interview in full in just over an hour's time here on still ahead for you. a colossal cost of high fashion one of the world's leading producers islam for allegedly using child labor to harvest the profitable crunk.

wealthy british style. market trying to. find out what's really happening to the global economy with mike stronger the no holds barred look at the global financial headlines tune in to cause a report. about your party live from moscow on the research showing that libya's new rulers have named a new cabinet to govern the country and so it's pretty secure the national transitional council now controls most of the country but there are still pockets of heavy

resistance after a three day cease fire so al residents to leave the troops to new attacks on his besieged hometown of other red cross is warning of a humanitarian crisis as the talent runs out of essential supplies debate a spokesperson for the organization who visited the region says the situation remains that. we managed to get in the hospital and spent a few hours to check on the hospital however the security situation did not allow us to move inside the town and see the situation of the civilians we managed to talk to presented to us of the civilians to understand the situation they talk about lack of food lack of for there is no electricity there is a lack of fuel in the city and there is very difficult that systematic and care i know of the same time while talking to families going out of the city of sirte i have been on the eastern side where i've talked to families. does it i don't see it all to villages like that all why in other surrounding villages and my colleagues

from the west as well are looking at the internally displaced families these people as well are living in difficult conditions because they are they are leaving just their houses to flee the ongoing fighting in the city of sirte and they are being displaced into the desert. living in high difficult hygenic conditions and having not systematic and care and no potable water we have been calling up on all parties to the conflict as much as possible to civilian people and to always distinguish between military and civilian targets. with nato get to decide when to end its military campaign in libya author and journalist afshin rattansi says it's clear the only point of the war was to divide the country's resources. this is what nato are involved in the action which is obviously contrary to the u.n. resolution which is supposedly mandated to go in and overthrow the government of gadhafi we're getting reports of electric torture electric shock torture being used by these revolutionaries who exactly are the people that are fighting nato because

they may not like it they're free they may not like the nato troops it's very interesting that the most advanced arsenal in the world of nato is six months on and they still haven't won the country this is all about the idea that these great powers as of old can divide up the resources and the future of the libyan people why they're quiet about it the media kind of got bored after the initial explosions only so-called attack that they don't even reporting the bombing of hospitals and so it. the business news is five minutes away here on r t but for now former soviet republic of dagestan is one of the world's leading cotton exporters and while the government cash is in the country's most vulnerable are paying the price. trove of reports human rights groups say the cotton industry is thriving on illegal child labor. such is the fear in the eyes of these children you think they were picking

him not. a man as a thought was that upon the judge that empathy that man's years they don't imagine is an idea that centers their have to trust them as of. yet. meanwhile on the other side of the world the produce harvested with illegal child labor is enjoying the glare off flush and cameras will not acquire the mother daughter of those dead president is presenting her new collection the forbes magazine ponders on how she's managed to be so commercially successful i graduated from harvard. so it's a really good score you know in terms of you know giving you great tools the tools that was going to stand our children as young as seven to work an average of seventy hours a week instead of going to school and an education is not the only thing they're missing out on you know heating proper vats were drinking water.

mothers are powerless some of them stood up for their kids protection they were arrested taken to cotton fields they would be forced to work in the day and with mass rape at night. would be helpful force child labor as they can stand produces around one million tons of cotton enough to make one billion t. shirts the quarter in a sold abroad except to the sixty plus retailers including levi and they turned them not to buy was the cotton because the harvest is so of years this boycott sends a message to those big government that enslaving children is not or she. will not occur the more was also was but is cans and bus headed to the u.n. and the deputy foreign minister refutes the claims and she was also outraged when. new york fashion week bans her collection from the catwalks two weeks ago as human

rights groups applauded. it was a terrible message for the fashion industry to be sending that they would land a high profile platform to the senior official of one of the world's most repressive governments the governments about six years ago engaged in the disproportionate use of force against mostly peaceful protesters in the eastern city of under john under john is the bloodiest chapter in president islam karimov steve decades in office in two thousand and five is forces opened fire on an anti-government demonstration killing five thousand people or other so-called dissidents jail sentences are common behind you chad he spent three years in prison for speaking out after his prosperous business was taken over by the president's people and. eremos family as an organized criminal mob all sectors of the economy profitable businesses are under his control if you go to wiki leaks

you'll see that the u.s. ambassador calls karim and matthew a princess but all this will stay just words world war continues in afghanistan will carry more of is an important ally day and everyone will close eyes to his cry of security but leave egypt and tunisia where once important allies to however the arab spring showed just how quickly things can change. to another channel for our t.v. . now you can find out more in all the stories we're covering you got going over here to check out some of the other items that are waiting for you right now at our web site israeli aggression well as new u.n. statistics show an alarming rise in the amount of anti palestinian violence in the occupied areas of gaza and the west bank online of course also. clash all the titans to russian tycoon sco head to head in court this week as former

media mogul of florida but it's also nice to see chelsea football club owner. for more than five billion dollars find out why it ought to go check out all the best videos on you tube. he. says. the official.

video. feeds the palm of your. home. with the business news but for now it's the world of editor about any huge car bomb has exploded outside a government building in the somali capital mogadishu of at least seventy killed the explosion went off near the ministry of education where students were reportedly sitting for a foreign scholarship exam eyewitnesses say an unidentified vehicle was used to carry out the attack. insurgents which have links to al qaeda say they were behind their so. kamandi in afghanistan has promised the american forces will say in a region called quite some time two thousand and fourteen was the deadline to withdraw some ninety thousand troops currently in the country president obama wants

a third gone by next summer general john allen says the number of troops that will remain to advise the afghan security forces is yet to be determined. the family of murdered british student meredith kercher say once again they have no answers as to how she died that's after an italian court cleared american amanda knox of murdering culture in two thousand and seven she had already served four years in jail when her appeal was accepted on monday a judge ruled that evidence of sexual assault and murder was unreliable and overturned the original guilty verdict. in southwestern pakistan gunmen on motorbikes have executed twelve people mostly shia muslims they stop a bus full of the people off made them stand in a line and then open fire singing militants with links to al qaeda and the taliban who carried out scores of attacks against the minority shia in the region of years but the past couple of weeks have seen a drastic escalation. later in the program here on our t.v.

our financial gurus talk about bailouts default the currency wars terrorizing europe after a business update with me. or with business you could have your company economic uncertainty as investors staying away from risky assets in russia has people preparing for the worst russians are hiring to sell the ruble as it gets weaker as business artie's million of course reports situation is not necessarily a reflection of the current economic environment. solution you say very strong and national currency to a foreign one may seem like a side of panic but that's not the case in russia since the ninety's when hyperinflation made it impossible to put prices in rubles many russians used u.s. dollars a year olds instead lots of russians still have their savings in foreign currencies partly because they don't trust the ruble stability and whenever there's any sign

all financial trouble and people rush to convert and that is what's happening now but many analysts say that's only making the situation worse the ruble weakened against the dollar at stand in its worst orderly depreciation in over two years it's lost forty percent in the past two months but it's still nowhere near the two thousand and nine financial crisis what the russian currency lost a third of its value last month transfers reached their highest level in seed years equal to four and a half a billion dollars they had also essential banks says ruble has been in a gradual devaluation for about two months spots pit bull bounce back soon all this suggests a problem is a russian is a lot of net capital inflows and the only domestic me on the banking sector analysts are now open the banks tight monetary policy will help prevent a for the client and in fact the bank already put two billion dollars to defend the

ruble and this prepares to go even further to stabilize at the currency and analysts we've spoken to say that it plays with the crash recession in europe or in the united states russia will come out on top because it has learned from its past mistakes. certainly to be a markets this always starts and with come out as you know situation is some was improving light sweet is now actually moved into positive territory after dropping to its lowest in more than a year on monday concerns about global demand is still trumping off the record from eurozone for treatment construction spending brant is still. although we did see it go down to as low as ninety nine dollars per barrel is now no one hundred one and a half light sweet is up fourteen cents. us stocks are also mixed this hour after the release of federal reserve chairman ben bernanke he's prepared testimony before congress the dow is down still almost two percent the nasdaq and

tech shares of feeling much better european stock markets also in the red so the footsie is down two point three percent weight by heavy losses from the banking sector itself and european forty's the latest version of writing more aid to greece which a bank is losing one percent on the dax after want to well be able to achieve twenty eleven pretax profit targets of ten billion euro. and this is the closing picture for russia's market feeling much worse than europe and the u.s. investors are concerned that contagion europe's debt crisis will hurt manufacturers and road demand for commodities look at the main the losers on the market starts energy shares with growth now falling six point three percent so on the call make a last call to graze down thirteen percent after posting weak results for the first half of the year hydro electricity producer rose hydro is just a tad better than the market it's a first of no profit growth twenty six percent to thirty million dollars in getting this from other health the capital wraps up today. car cyrillic glowing approach

crossed saw financial markets and. bracken frood this year's law sin march sixteenth his record for this year's law. was still raise going to be at harwich see us dollar going to close close to eighty points better control the turmoil there is no safe heaven probably except for your eyes dollar kind of looks like european authorities are acting too slowly. given the market sometime to fall into slump and in the case in case they're too late we we women see even deeper fall later in the week. come back on our see the headlines with writing statements.

of the. wealthy british style bank it's time to rise. the. market why not. come the. why not what's really happening to the global economy with much stronger or a no holds barred look at the global financial headlines tune in to cause a report on r g.