a major stand off. it's your crowns versus euro skeptics at this year's g. twenty basically the camp summit has been hijacked by this euro crisis after the greek prime minister dropped a bombshell saying that his country would hold a referendum on whether or not to make cuts and accept this latest batch of bailouts being pushed by germany and france well the greek prime minister was summoned and told by anglo merkel nicolas sarkozy the host of this year's summit of the i.m.f. and the european central bank that basically the country needs to play by their rules or get out of the euro zone saying that his decision to hold this referendum was unilateral other to change the psychological situation of the euro crisis but some of the analysts we've been speaking to say that in a very sarcastic way it will got through bit the greek people should be the ones to just find the fate of their country perish the thought of the people who are the victims of the various so-called rescue packages that the e.u. and the i.m.f.

and the e.c.b. of cooked up for the last eighteen months or so perish the thought that they should be allowed to decide whether they want these things well some still say no matter what the outcome here in cannes but for greece the outcome in the end will be the same i believe that the greeks will be forced into accepting whatever a sturdy measures or whatever bailout packages are dropped in their laps brussels and the g twenty the emerging economies were meeting of course in this year's g. twenty including russia have been saying for years that the financial system has to be completely remodelled of course in a global sense now we have people in america in europe across the world coming out and lying to their leaders that something needs to be changed so certainly today we will be hearing some criticism perhaps of these emerging economies were of course are big part of the g. twenty but perhaps not hearing their voices as much as the g. seven the g. twenty of course created at the height of the. two thousand and eight financial

crisis solve global economic problems but the questions being asked what has changed the voices of these emerging economies this time around was reporting from cannes and nice to know it r.t. . hope among euro zone leaders that emerging economies including china could help the struggling block beijing based correspondent charlayne fans says if china agrees to come to the rescue it could come at a price for europe looks like china will likely be asking for some major concessions one route for china's funding of the bailout fund would go through the i am after an i.m.f. find now that i am i for a story please been dominated by the united states and european powers and developing countries have long argued for greater voting power and more of a voice in the i.m.f. so it's possible that china would demand greater voting powers within the i.m.f. for having its money go through the i.m.f. to the euro zone and so that's one thing and that of course would diminish the

influence of western powers and not and not find another thing that china may ask for is greater opportunities for foreign direct investment into europe and i that means sensually buying companies technology companies and so on and europe and the west so if china decides to help out the help out the euro zone in a crisis china will use every bit of its leverage that it can right now china has all the money and as one analyst put it china is right now the banker to the world china's influence is only such a grow and i think what we're seeing right now is you're seeing your i've been in the united states and a state of crisis because of the forces of globalization and perhaps and the larger scale you're seeing a shift of power and a shift and influence both economic power and political influence to the east sense of china. and later today max keiser and stacy herbert discussed whether some musical legends might be better suited to fixing the financial turmoil than bankers and politicians. john lennon and yoko ono were actually watching the kaiser

report during their famous bed in in one thousand nine hundred sixty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we are saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty you have that shot exactly to look at some of the posters on the wall like make love not dead now suddenly in the air two thousand and eleven john and yoko were clever buoyant they saw john was a visionary he saw the future he knew it was coming. russian businessman viktor booths been found guilty of trafficking arms to terrorists by a new york jury he was arrested in thailand three years ago when later after several attempts by the u.s. extradited in two thousand and ten r.t.s.

marina porton i has the latest from new york. just one day after deliberations began a jury of twelve handed down that verdict and the verdict is that they found a russian businessman businessman victor boot guilty on all the charges that were leveraged against him by the united states those charges include conspiring to kill americans that conspiring to kill u.s. officials trafficking rockets and also he was charged with supplying arms to the revolutionary armed forces of colombia an organization the united states deems as terrorists now this this trial victor boot went on for about three weeks but his presence here in the united states has garnered a lot of attention as we've been reporting the u.s. fought very hard to get victor victor boot extradited from thailand to the u.s. over a year ago but that fight was was taking place since mr coote was arrested during

a sting operation in thailand in march two thousand and eight. has pled not guilty on all the charges and he still maintains his innocence his attorney albert diane did speak to the press following today's events that took place in court so this is not the end that he still has a chance that we have a chance to will again we can appeal to this judge. that the verdict was rendered against the we need to be evidence that we can also proceed to the united states court of appeals but we are disappointed at this word now that he's been found guilty on these charges he faces a sentence of anywhere between twenty five years and life in prison george but investigative journalist attending the hearing says boo was too shocked to react to the news. the case against vick the boot for all practical purposes is case closed . albert diane after the jury was dismissed and victor boot just stood there

basically seen as it is as if he was in shock he he didn't we act whatsoever in any way as that as if he was lifeless he didn't even turn around to face anybody and he just discount of you know what was basically nonexistent so diane did file a motion for a new trial i believe on december second however no d.n.a. operation relentless was you know targets or pursue victor boot by any means necessary and they threw millions of dollars and there was it was done on several different continents and they had d.n.a. informant highly paid d.a. informants dea agents and coconspirators so once they have him here now it is almost impossible that i think you know he'll ever leave the united states russia has repeatedly criticized boots extradition from thailand to the u.s. calling it quote extreme injustice but under u.s.

law it is possible to have ducked someone who is deemed to be a threat according to international extradition lawyer douglas make now. there is u.s. supreme court authority that it is ok. to go into a foreign country and in contravention of that foreign countries law kidnap an individual and bring him to the u.s. to stand trial in the u.s. if the fact that that individual was kidnapped in contravention of local law does it is not the bases to have the indictment which i see. potentially issues could be raised with regard to be appeal i'm not hopeful that those who are going to be successful issues given the state of the u.s. supreme court authority with regard to extradition i think we're beyond. well stay with us here on r.t. still to come this hour plans to target gang violence get a mixed response in the u.k. . time of the but it's not looking at the mill cool since the riots.

the message you take a look at why many are critical of the proposal to make a youth club leader spy on members and monitor their messages as a way to prevent street violence plus the. international criminal court in the hague will probe nato bombings in libya over allegations of war crimes. but first in the u.s. all eyes were on oakland where a rally of thousands of anti-corporate protesters paralyzed one of the mayor america's major ports this follows the week's last week's violent police dispersal of the demonstrators camp that resulted in a former u.s. marine being severely injured or correspondent lucy calvin i was at the center of it all of the protest in the port city and she joins us live from oakland thanks for being with us lucy so what's going on right now any signs of the hotels maybe starting to ease off. well i would say that the occupy wall street protests as a whole is definitely calming down a bit i don't know if you can hear the sound of it there are several of us helicopters that hovering overhead sort of adding to the tension and they have an

affair what we saw today was either successful i shut down the port the fifth largest in the united states. for what the protests are call to essentially bring the economy here and that. would say to the economy to a halt to this shooting down giant area we were actually the protesters were marching across the city we saw certain groups that sort of in. the middle to be getting some violence i actually want to be at wells fargo branches that windows getting opened by protesters here for the most part though the thousands who turned out were in fact peaceful they took the port and the workers from coming into the area shutting down the port. and the biggest the biggest takeaway left my guess from all of this is that it's almost. like they should be the occupy wall street movement they can actually do more than just sit in the plaza. that.

catches on another city another occupation the implications for the us. i think that it will be very interesting to see how that develops and you said earlier there were some dicey moments where i want when you were surrounded by protesters and you tweeted that they were voting on whether to let you pass or not tell us more about that. it's kind of so surreal i have to say i mean i think covering this for over a month first time but i actually see what they call it people out anyhow. long story short of some of the sort of tense moments for trying to rush back to our hotel video. to get off the general strike everything was shut down and so we try to hitch a ride to the. protesters were thrilled to see this. get started the car parked. out and.

the negotiation that most of them. were saying. sort out a lot of a lot of sort of very very and didn't want anyone to pass by and i was actually really uncomfortable i mean this is the first time that i see that members of the media targeted in that way experience i have to say but we're here with video will hopefully be there soon. that's good that's good to hear and one last thing that earlier. report that you filed you were walking by i think it was a whole foods that had been smashed and there was a protester who came up and said this is not representative of the larger movement . you know it's not because i would say with certainty that the predominant out of fear here is the. media images that so many journalists. distrust that it's not representative. but i have to add that

a lot of folks i talked to said you know what if you've broken windows. struction done by. them and so i think that a very mixed message just. for the most part i. just are in fact. all right he's losing cabin of life for us in oakland thanks for that report. and lucy will keep us updated on the ever changing situation in oakland california and across the world with the occupy protests you can follow all the latest developments by checking out her twitter feed. still desperately searching for a cure to spreading gang culture after the summer riots latest proposals a suggestion to make youth workers spy on their members including message monitoring those artes laura smith reports a strategy could only cause total isolation for potential troublemakers. the

reality of life in east london young teens take part in a workshop on gang violence with the government laying the blame for august's riots firmly at the door of gangs one london council is talking about making youth workers spy on their members and monitor their social network activities and anything suspicious would be passed to a special anti gang unit but the m.p. for hackney west some of the worst on rest place says it's not the technology to plain when you had drugs in this country twelve when there was no internet. text message so it is not so you know time with the real causes of riots rather than blaming the messenger and there's the real possibility it will backfire the some young people being used club is a safe haven in an uncertain world and message monitoring could undermine the agent

relationship between youth and vulnerable teen making them less likely to turn to them in a crisis and more susceptible to getting overtures and ultimately crime and violence during the riots social networks like twitter and blackberry messenger were used by rioters to pinpoint the next location in marked for destruction the government went to spar is proposing shutting down the services while two men were jailed for four years each for inciting rioting on facebook but teens say spying risks isolating the very people they're trying to help if that happens people. use these type of things that are undoubtedly social issues and solving them requires walking a fine line between coming down hard on troublemakers and preserving civil liberties for everyone but it's clear that this measure which would cost hundreds of thousands of pounds to enforce could also cost the trust and goodwill or. the

same. old story. faulty. don't forget to check out our website where there's plenty more on our top stories here's what's a click away at our team dot com. israeli military test firing a missile reportedly capable of delivering a nuclear warhead to any part of the middle east and as far as europe. taking there is a family of animals in russia's far east takes to the streets and the highways asking locals who would check out the full footage at r.t. dot com.

please. just say. it's. easy to pick slums.

to be soo much brighter than. it seems from the police to the pressure these. stunts on t.v. don't come. nato's actions in libya will be investigated by the international criminal court in the hague for alleged war crimes according to libya health department nato airstrikes killed more than a thousand civilians the international court will assess the actions of all sides during the conflict meanwhile as the new leaders appear to attend a board to shari'a law and democracy the west could be disappointed with the result of its intervention michael scheuer a former cia intelligence officer says it's an inevitable consequence. the media is very childish in many ways believing you can build a democracy in six months or six years the americans and the british have been at it for eight hundred years and so now that it's turning out to be a mistake that the islamists are in power in tunisia they're going to come to power

in libya the media is running away from the story and on top of that american leaders are not unlike the leaders that were in moscow during soviet times they believe in the inevitability of democracy everywhere just is as marxism was it once believed to be inevitable and as a result there of setting power structures centuries old and they're going to pay for it by an increased power among islamists and by civil war in those countries. turned out as some other stories making headlines across the globe the arab league says syrian authorities have agreed to ease the seven month political crisis in the country proposal urges the government to remove tags from the streets enter into negotiations with the opposition within a fortnight if the latest in a string of international efforts to halt turmoil that's claimed around three thousand lives since march. argentina freight train slammed into a school bus killing seven children and the school's assistant director dozens more were injured when the bus with over forty people aboard tried to cross the tracks

the train dragged a vehicle for hundreds of metres before finally coming to a stop investigation into what caused the accident is under way. china one step closer to establishing its own space station for the first time the country's successfully docked to space cry. an orbit and unmanned vehicle launcher earlier this week hooked up with a space lab already circling the earth trying to launch its own program after repeated requests to join a sixteen nation international space station were denied. eighteen months on the red planet one of the most exciting space experiments in recent history coming to a close on friday the mars five hundred crew will make a some landing on earth after a simulated mission to mars in the moscow region r.t. sophie shevardnadze spoke with the head of the project and what motivated the six would be travelers at the center of it all interview coming up in the next hour here's a pretty. close knit group and there's a profession called a test engineer and i think i can only count myself as part of this group and it's

the people who are always one step ahead of what's actually going on in space before in the case of an emergency there surely had enough money for that with you know this is no big money. at the sec is it a secret. you know it's not three million we've promised to pay three million rubles we've agreed that the amount of compensation for the europeans and russians would be roughly the same even with the chinese agency employees different criteria . five hundred days on a voyage to the. a breakthrough in space travel the. return from the red planet. mars five hundred touchdown on. business news next with jojo stay with us here on r.t. .

thanks matt welcome to the business program russia's leading banks burbank and russian agricultural bank are increasing rates for deposits in order to encourage consumers to bring more cash to lenders the maximum rate is burbank is now at round seven percent but that's still lower than in smaller banks which started raising rates in september some analysts say the banks are preparing for a new wave of financial crisis and liquidity to squeeze rigid hands were from bruce rating says the banks have a lot of assets on they have balance sheets but cannot sell them in the current environment. it's cheaper to take money by increasing deposits or increasing. funding from the central pike it's cheaper to do that. to sell all the securities in a depressed market and i don't think there's a problem in asserting the banks themselves i mean the levy portfolio i think the problem is in the security as

a portfolio. meanwhile the contras central bank has started providing unsecured loans to lenders in cases of reduced liquidity it's also trying to reduce bang's dependence on overseas borings analysts say global economic uncertainty makes it harder for local lenders to raise cash abroad. let's have a check on the markets oil is low as the end of the two day meeting with no new policy announcements light sweet is trading at over ninety one dollars a barrel while brant is hovering at one hundred eight dollars. and asian markets are also in the red with investors and wait for the missing girls the group of twenty the parties will try to work together in order to help europe contain its debt crisis financial saw among the hardest hit in hong kong with the sec to seen as one of more closely links to europe's troubles industrial. commercial bank of china is down more than one percent this hour. and here in moscow the trading

session will kick off in about one else both of russia's brain forces closed on a positive note on wednesday ended up over two and a half percent and the mice it was slightly on to that role in that from there no capital previews the day straight for us following on from the fed's decision last night i think. to be this is the first guy the first time when the new head of the e.c.b. will be communicating with the with the market. there is hope. he will cut right so signal that he will be different from his from his predecessor and not quite so much of a whole on inflation i think if that comes through is going to be good for risk assets everywhere and in particular russia. and russian companies saw among those most likely to pay bribes while doing business abroad house according to the latest survey released by the end to corruption watchdog transparency international the

current house evaluated bribery in twenty eight countries and question more than three thousand holding companies russia showed the worst results were the number of people offering bribes having increased over the last three years the rating is led by dutch swiss firms the head of transparency international and russia says corruption is very much a two way street business but it's pretty clear export business does not work in isolation it works with suppliers buyers mediators office rent and involves infrastructure companies and here we are talking about business to business corruption foreign businesses never come directly to the authorities they work real local middle companies for example consulting companies logistics etc these local companies give advice is to investors and importers how to behave in the country but if you have a. and that wraps up the business program for stores local into a website that started dot com slash business.

in canada and the us that it is legal for you to use a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the challenges of motherhood independent they are sponsored by the industry and most of the guys they

don't claim it's a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer in my five therefore i protect focus because navy to ninety five percent of cancers occur among people with health funding history of cancer the pharmaceutical industry spends about fourteen percent of their budget on research and development and about thirty one percent for marketing and ministration. in fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress.

those who are fascinated with history. to do those who have a sweet tooth. to those who can't live without discomfort. and of course to the nature. of this magnificent life offers is treasures. between earth and the sky.

nine thirty am in moscow these here are to headline leaders of the world's biggest economies meet for a g. twenty summit where center stage is taken by the euro crisis now intensified by the greek decision to hold a bailout referendum germany and france say they'll be no cash for athens until it decides its course. live pictures from oakland california where a rally of thousands causes a major port shutdown and disrupt business in the city anti-corporate protests in california growing its public discontent with economic inequality if you further by last week's violent dispersal of demonstrators. russian businessmen victor boot found guilty of arms trafficking by u.s. security facing life behind bars but he claims he's innocent the man dubbed the merchant of death was arrested in thailand three years ago and extradited to the u.s. last autumn. now that nato troops are wrapping up their campaign.