global news twenty four seven this is the line from moscow with me. fury over corporate power in the united states is spreading from new york all across the country thousands of joined the so-called occupy wall street movement they're angered by the economic slump and the role of big businesses in it hundreds of demonstrators have so far been arrested. reports america's mainstream media has been largely ignoring the rapidly growing movement. taking the big apple by storm. getting arrested 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 common americans who make up most of this country who 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 i didn't expect to get beat by the police i didn't expect to. incarcerate it for hours and hours and i was willing to do that for good cause and for this movement. 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 you have to stir it up to the people who noticed. the mass arrests have built up popular support for the movement. you know them for putting us through some type of abuse because it's hope. you know is bringing more

work 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 campout cy 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 surely body odor and you're and they're more concerned with. brainwashing people american idol or sports drama and pretty much anything to serve as a true. well they did the important issue right now this is a big report unnoticed by the 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 you know that's. 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. r.t.e. new york. and we are inviting you to get involved just tell us what you think about the wave of protests are raging across america you can cost you a voter 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 are the second most popular also the locking rather far behind is that they are victims of police repression and the rest of the hired crowd or just a bunch of trouble this show what you think at all. while demonstrators in the united states have been voicing their anger over rising joblessness student debt and even the police brutality professor alex if it's a he took part in the protests in new york believes 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 gets to 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 reply that hopefully can break up this kind of corrupt marriage between economic and political elites in the ninety's i think it started more like the indignance movement in screen with the young people who felt alienated from both. politics and from the big political institutions labor unions and cetera but what it's more thing into i think is something more like what's been going on in greece which is of was 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're being asked to take pay cuts cuts and services

of that wall street continue to enjoy 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 and ministers have pushed back a decision on handing of a more bailout cash athens has 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 rescue. reports from austerity capital about of athens. it's been here on syntagma 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 sturdy measures that they say simply untenable we find ourselves back in a position where people now are really asking just won't has been achieved by implementing these astaire's the measures the greek government has committed that

it won't be able to me it's tough deficit reduction targets sent there throughout the whole year you say really about what the implications of that will be the greek government have also brings a measure to put thirty thousand civil servants. level may never touch in the salary for a year. at the end of the year the possibility of dismissal another oh great he won't even get that next. year i needed if the country were to stay if labor detroit quoted to care in the country at the moment trying to hammer out the details of that now it has to be studied at this stage it will be only should you get that money because. that would be felt almost immediately bad for greece at this point is also bad for the rest of the eurozone countries and indeed with global economy that is that it this would have a separate not a lot of 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 into here and often say said that we've seen these job losses we've seen the cuts in wages and pensions of 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 subtleness tax based solution to plug the big deficit in the budget so there are concerns really about the practicalities of any of these measures having. and he also talked about the possibility of. and as we said still a lot of public anger at the people did he feel that the lives are being put in a situation that is simply untenable that they can live with. that we've seen so much over the last year or so happening against my big concerns really about whether the usa needed to be able to pull the country out of the situation.

despite. the euro finance ministers have rejected the possibility of the greece will default on its loans but investment advisor patrick young says i think needs to just leave the single currency if indeed it wants to save its own economy. the european union are trying to take 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 battle for the sovereignty of greece the european union is too slow in going there is too little leadership and there is a pig headed intransigence particularly amongst the finance ministers but this special amongst the leaders of the european union nations 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 contagion that is going to kill the

euro by the end of the year if we don't see positive and rough production realistically that action means that greece needs to leave the euro because the problem is we cannot leave citizens of the european union to starve to death because it suits a troika of international lenders. and the world leaders are looking for a specific ways to tackle the world's financial troubles some economists say the problem lies deep inside the global structure we spoke to a senior social and use scholar at yale university emmanuel wallerstein who thinks 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. it cannot survive as a system we are seeing is the structural crisis of the system its roots are at many ways the impossibility of continuing the basic principle of capitalism which is.

ceaseless accumulation of capital. and that's 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 and 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 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. that's basically what we're seeing in the world economy right now there's a paralysis 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 few.

and you can watch a. full just over an hour's time here and still have. the colossal cost of high fashion one of the world's leading. using child labor to harvest the profitable craw. wealthy british.

market. find out what's really happening to the global economy with mike stronger the no holds barred look at the global financial headlines tune into a report. about you without a live from moscow i'm sure that libya's new rulers have named a new cabinet to govern the country and so it's for the security the national transitional council now controls most of the country but there are still pockets of heavy resistance after a two day cease fire residents to leave the troops continue attacks on his the siege hometown of the red cross is warning of a humanitarian crisis as the town runs out of essential supplies devey a spokesperson for the organization who visited the region says the situation

remains that. we managed to get in the hospital and spend a few hours to check on the hospital however to 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 sure there is no electricity there is a lack of fuel in the city and there is very difficult access to medical care and no i've been 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 display. to do desert i don't see it all to villages like and 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 conditions and having no access

to medical care and no potable water we have been calling upon all parties to the conflict as much as possible to civilian people and to always distinguish between military and civilian targets. with nato yet 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 an 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 other people that are fighting nato because they may not like get off me they may not like the nature of 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 and the so-called attack that they're not even reporting the bombing of hospitals and so. the business news is five minutes away here on r.t. but for now the 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'd think they were picking opium not cotton but i bet i got. was that the plan that up the drug. madness was years of imagist an idea that sent us there to the.

meanwhile on the other side of the world the produce harvested with illegal child labor is enjoying the glare of flashing cameras will not occur the mother daughter of those bad president is presenting her new collection 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 good grades the tools of his back a stone our children as young as seven who 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 with no heating proper bats were drinking water. to be 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 would be mass raped at night. with

a helpful force child labor was based on produces around one million tonnes of cotton enough to make one billion t. shirts the cortinas sold abroad except to the sixty plus retailers including a y. and they have pledged not to buy those but cotton because the harvest is so abusive there's one quote sends a message to those government that enslaving children is never shake but good not occurred the movie was also is back it stands and best suited to the u.n. and the deputy foreign minister refutes the claims and she was also outraged when. new york fashion week banned her collection from the catwalks two weeks ago but human rights groups applauded. it was a terrible message for the fashion industry to be sending that they would lend a high profile platform to the senior official of one of the world's most repressive governments the government about six years ago engaged in the

disproportionate use of force against mostly peaceful protesters in the eastern city of andijon and the jan is the bloodiest chapter in president islam karimov stew decades in office in two thousand fine 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 you have spent three years in prison for speaking out after his prosperous business was taken over by the president's people because. he removes 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 while the war continues in afghanistan carry more of is an important ally day and everyone it will close our eyes to his

crimes. but leaving egypt and tunisia where once important allies to however the arab spring showed just how quickly things can change. in the church over our team. you can find out more in all the stories we're covering it. took them over to check out some of the other items that are waiting for you right now at our web site israeli aggression amounts new u.n. statistics show an alarming rise in the amount of palestinian violence in the occupied areas of gaza and the west bank more than online of course also. head to head in court this week media mogul. five billion dollars.

is. the official. video. and. the palm of your.

with the business news before. he. killed. the ministry of education. for a foreign. identified vehicle was used to carry out the attack. say they. come on they in afghanistan has promised that american forces will stay in the region quite some time two thousand and fourteen was the deadline. to all some ninety thousand troops currently in the country president obama wants a third gone by next summer general john allen said the number of troops that will remain to advise the afghan security forces is yet to be determined. the family of murdered a british student meredith kercher say once again they have no wants is asked 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 overturn the original guilty verdict. in southwestern pakistan a gunman on motorbikes have executed twelve people mostly muslims they stopped the bus forced the people off made them stand in a line and then open fire sunni militants with links to al qaeda and the taliban who carried out scores of attacks against the minority in recent years but the past couple of weeks have seen a drastic escalation. well later in the program here on our financial gurus talk about bailouts default the currency wars terrorizing europe after the business update with me.

with business could have your company economic uncertainty as investors staying away from risky assets has people preparing for the worst russians are hurrying to sell the ruble as it gets weak of. course the reports situation is not necessarily a reflection of the current economic environment. solution your savings from a national currency to a foreign one may seem like a sign 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 and euros instead lots of russians still have their savings in foreign currencies partly because they don't trust the rubles the bullets and whenever there is any sign at all point to actual turbulence 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 extending its worst orderly depreciation in over years it's lost fourteen percent in the past two months but

it's still nowhere near the two thousand and nine financial crisis when the russian currency lost a third of its value last month transfers reached their highest level in two years equal to four and a half a billion dollars they had also essential banks says ruble has been in the gradual devaluation for about two months spots bull bounce back soon others suggest the problem is a russia has a lot of net capital inflows and the only domestically fund 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 a billion dollars to defend the ruble and this prepared to go even further to stabilise of the currency and analysts we've spoken to say that if pace with the fresh recession in europe or in the united states russia will come out on small because it has learned from its past mistakes. so going to be

a markets this time 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 up reports from the us money for train and 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 and light sweet is up fourteen cents. us stocks are also mixed at 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 to the footsie is down two point three percent way by heavy losses from the banking sector that's of the european authorities the latest version of providing more aid to greece story should bank is losing one a half percent on the day 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 erode demand for commodities look at the main the losers on the market starts energy shares with ross now falling six point three percent and make it a sports goes down thirteen percent after posting weak results for the first half of the year hydroelectricity producer rose hijo is just a tad better than the market it's a first of no profit rose twenty six percent to eight hundred thirty million dollars in getting your mother delta capital wraps up today. really. cross all financial markets and. well we're seeing people breaking fruit this year is law sin march sixteenth is record for this year's lol. which he

already is going to beat harder with the us dollar going close to eighty points so basically it's really turmoil and there is no safe haven probably except for the euro as dollar looks like european authorities are acting too slowly. given the market sometime to fall into slump and in case in case they're too late we may see even deeper fall later in the week. next time i'll see the headlines with.

wealthy british style. markets. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines. a report.

if you're just joining us a very warm up. on. greed national in america despite hundreds of arrests demonstrators say the mainstream media is ignoring the rapidly growing campaign. finance ministers put off a decision. a crucial bailout loan for greece admitted in the deficit deadlines greeks already claimed the austerity measures imposed by the government are. libya's transitional leaders and name a new cabinet to govern the country until it's fully secured meanwhile the troops continue to. strong. accusations there are also civilian high.