from cannes the summit could become the scene of a major standoff. it's europe france 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's up 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 big 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 france 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 of course are a big part of the g. twenty summit perhaps not hearing their voices but as much as the g. seven the g.

twenty of course created at the height of the. two thousand and eight financial crisis solved those global economic problems but the questions being asked what has changed and will the voices of these emerging economies this time round for the reporting from can at least in our hearts. hopes are on high among euro zone leaders that fast developing economies including china will help the struggling block beijing based correspondent shot in fan said says if china agrees to come to the rescue it will come at a price for europe. it 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 master and i am i find now that i am at historically has been dominated by the united states and european powers and the 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 i am not find another thing that china may ask for is greater opportunities for foreign direct investment into europe and i that means . 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 set to grow and i think what we're seeing right now is you're seeing you're i've been in the united states and a state of crisis because of the forces of globalization and perhaps animal and a larger scale you're seeing a shift of power and a shift of and influence both economic power and political influence to the east and to china. and in less than a half an hour max keiser and stacy herbert discussed whether some of the legends of rock n roll might have done a better job fixing the photos will turmoil than today's 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. 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 boy ain't they so john was a visionary he saw the future he knew it was coming. the 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 and later after several

tries by the u.s. extradited in two thousand and ten artie's marina portnoy 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 russian business that businessman victor boot guilty on all the charges that were leveraged against him by the united states those charges include conspiring to kill americans are 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 those 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 verdict 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 map an investigative journalist who attended the hearing says victor boot seemed too shocked to react to the news. the case against vic the boot for all practical purposes is case closed in the albert diane after the jury was dismissed and victor

boot just stood there basically seen as it was as if he was in shock he he didn't we act whatsoever in any way as if as if he was lifeless d.d.a. operation relentless was you know targets of subic to boot by any means necessary and it was it was done on several different continents and they had da informant highly paid da informants dea agents and coconspirators so once they have him here now it is almost impossible to i think you know he'll ever leave the united states russia has repeatedly criticized boots extradition from thailand to the us calling it extreme injustice but under u.s. law it's possible to adopt anyone who is deemed to be a threat according to international extradition lawyer douglas make now. there is u.s. supreme court authority that says that it is ok. to go into a foreign country in contravention of that foreign country's law kidnap an

individual and bring him to the u.s. to stand trial in the u.s. and the fact that that individual was kidnapped in contravention of local law does is not the by use this to have the indictment which i see. potentially issues could be right with regard to be appealed 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. stay with us here on r t still to come plans to target gang violence get a mixed response in the u.k. . time to better spot in the little pools is the riots rather than blaming the knesset you take a look at why many are critical of a proposal to make youth club leaders buy on their members and monitor their messages as a way to prevent street riots plus. reaching for the sell

boston and trade on friday the r.t.s. in the minds that some of the losing about two and a half percent will market analysis in business in about ten minutes. but first in the u.s. eyes are on oakland where a rally of thousands of anti-corporate protesters paralyze one of the country's major ports as follows last week's violent dispersal of the demonstrators camp by police that saw a former u.s. marine being severely injured our correspondent lucy cough and i was at the center of the action and the protests lockport and filed this report from oakland. we're here at the port of oakland where the occupy wall street protesters have successfully shut down the porch the crowd you see behind me is gathered here because one of the workers tried to speak through the crowd almost running over several protesters trying to get through the human line the human barricade the protesters surrounded the car venting him from going he is now backing out but a lot of folks here furious because again this was a predominantly peaceful march hundreds of people sorry thousands of people had gathered here most no police presence and so these kinds of tactics these kind of

aggressive a tactics driving through the crowd plowing through the crowd i really uncalled for and very very surprising here in light of how quiet it has been and again the port of oakland has the fact that we've been shut down several thousand people marched from downtown oakland onto this area they shut down all of the gates effectively sending a warning shot they say to the so-called one percent of the corporate owners of the ports trying to hurt the the top only to where it hurts the most in the pocket in the economic sense whether or not this these kind of tactics are going to be repeated at other occupy wall street movements remains to be seen but it is quite interesting to sort of note the contrast between the having handed tactics employed by the oakland police department just about a week ago when we saw the very serious crap down that it resulted in several hundred arrests and an injury to one iraq war veteran as well as other protesters with a very very peaceful and yet massive demonstration here that saw almost no police

presence that successfully and effectively shut down the sport i think that at the very least it's going to be a new tool in the arsenal of the occupy wall street movement they'll see sort of the power that folks have to organize on short notice and to take out these kinds of actions that you know can't really be ignored regardless of whether you stand for or against this issue in a sack that's like me is that affect the pocketbooks of the large corporations that do get noticed i think that protesters will sort of learn a lesson from that or perhaps for that another. area reporting from downtown oakland and the third about plans for our team and they think nothing of it and lucy is keeping us updated with the latest developments from her twitter feed where she also describes the most dramatic events of the day in oakland. she reveals how in our t.v. crew was unable to leave the port area after filming a car plowing into the crowd as lucy and her cameramen got surrounded by protesters

who voted on whether or not to let them pass and her latest tweet lucy also says how the mood in tents in the city has protesters set a barricade on fire and riot police stand ready to take action follow the events in oakland via lucy cough and i was twitter feed and reach wheats at r.t.e. underscore com. with the influence of social networks are growing especially during times of unrest britain plans to use it against protesters following the summer's massive riots making youth club workers spy on their members among the controversial proposals including monitoring messages but as artie's laura smith reports the plan could 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 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 blame when you had drugs in this country twelve when there was no internet. text message so it is not you know time with the real causes of riots rather than blaming the messenger and there's a real possibility it will backfire the some young people being used is a safe haven in an uncertain world and message monitoring could undermine the agent relationship between. vulnerable teen making them less likely to turn to them in a crisis and more susceptible to guide overtures and outs of me crying and violence during the riots social networks like twitter and blackberry messenger were used by rioters to pinpoint the next location in market 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. there 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 thing. the old concerned about. and don't forget our web site where there's plenty more on our top stories here is what's a click away at our. israel's military test fires a missile reportedly capable of delivering a nuclear warhead to any part of the middle east and as far as europe what's.

taking varies a family of the animals in russia's far east takes to the highways looking for food from the locals check it out all the footage on our website is at our team dot com . nato's actions in libya will be investigated for alleged war crimes by the international criminal court in the hague according to the libyan health department nato airstrikes killed more than one thousand civilians the international court will assess the actions of all sides during the conflict meanwhile as the new leaders appear to tend more to share real law than democracy the west could be disappointed with the results of its intervention michael scheuer a former u.s. 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. turning now to 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 the proposal urges the government to remove tanks from the streets and turn to negotiations with the opposition within a fortnight it's the latest in a string of international efforts to stop the turmoil in the country that's claimed

around three thousand lives since march. more than four hundred twenty people now dead as floodwaters in thailand have failed to recede worst hit areas are to the north of baghdad where many residents are fleeing the region making their way through murky water to dry ground monsoon rains since july have submerged a third of thailand causing billions of dollars in damage to homes and businesses. to one step closer to establishing its own space station for the first time the country successfully docked two spacecraft in orbit and unmanned vehicle launch earlier this week hooked up with the space lab already circling the earth trying to launch its own program after repeated requests to join the sixteen countries international space station were denied. eighteen months on the red planet one of the most exciting space experiments in recent history drawing to a close friday the mars five hundred crew will be making a symbolic landing on earth after

a simulated mission to the red planet in the moscow region r.t. sophie shevardnadze as the head of the project by only men were taken aboard full interview coming up in the next hour here's a peek. we did not make a point of the candidates sex so make distinctions between men and women of a group we looked at the level of proficiency of character traits the ability to work on a team and many other qualities. there nic there are different women but personally i would be sorry to put a woman in such conditions because a man can break his daily routine much more easily than a woman it applies to his private life family and even the professional career but woman cannot afford to lose so much time she should never stop collecting coins for . five hundred days on a voyage to the unknown. a breakthrough in space travel. returned from the red planet. mars five hundred touched down on r.t.

. yuliya next what business stay with us here are today. those who are fascinated with history. to those who have a sweet tooth. to those who can't live without the sky. and of course to the nature lockers this magnificent land offers these treasures. between earth and the sky. of nature and discover its beauty. communicate with the want to. test yourself and become free.

see what nature can give you. in canada and the us so 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 shines out of most independent they are sponsored by 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 ninety to ninety five percent of cancers kerth people without family 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 administration. in

fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are on. how loans are very warm welcome time to delve into the world of business russia's leading banks and russian agricultural buying increasing rates for deposits in order to encourage consumers to bring more cash to lend us the maximum rate has

been a fungus now it's wrong seven percent but that's still lower than in smaller banks which started raising rates in september and someone to say the banks are preparing for a new wave of financial crisis and liquidity to squeeze richard henceforth from risk rating says the banks have a lot of assets on their balance sheets but cannot sell them in the current environment. it's cheaper to take money by increasing deposits all increasing. the funding from the central bank it's cheaper to do that than to sell all the securities in a depressed market i don't think there's a problem in the search in the banks themselves and in the lending portfolio i think the problem is invested surety support. meanwhile the contra central bank has become providing unsecured loans to lenders to save them against

a possible like liquidity it's also trying to reduce bangs dependence on overseas borrowings analysts say global economic uncertainty makes it harder for local lenders to raise cash abroad. let's have a look at the markets oil is low as the u.s. fed and a two day meeting with no policy announcements white sweets is trading at over ninety one dollars a barrel while branches below one hundred nine dollars. asian markets are also in the red with investors in wait for the meeting of the group of twenty the parties will try to work together in order to help europe contain its debt crisis financial site among the hardest hit in hong kong with the set to see him as one of the more closely linked to europe's troubles industrial and commercial bank of china is dollar more than one percent this hour. in moscow the markets have started trading session of the negative territory for friday's stories of session in the negative territory the r.t.s. and the mice itself both losing more than three percent let's have

a look at some of the individual share moves on the my stocks most of the blue chip stocks trading in the red with gazprom down almost two and a half percent the company has resumed operations in libya to go with the intel in every nickel is also low of the company has managed to acquire a road one hundred twenty minutes on the market and it's buyback that is about sixty three percent of its charter capital or floor is losing almost three percent the company has reported an eleven percent decline in net profit for the third quarter compared to the previous one but that's on the russian accounting standards his role in that from foreign capital. following on from the fed's decision last night i think. this is the first day we first saw a boy and. the new head of m c b will be communicating with the market. there is hope. he will cut rights to signal that he will be different from minutes from his

predecessor and not quite so much of a hold on inflation i think if that comes through is going to be good for risk assets everywhere and in particular russia ok that's it for now we'll be bringing you another business update in less than one else time for you here on alt. please. lose

lose it's cuckoo's. nest soon. to. subside. wealthy british style sucks sometimes cuts right in the fine. markets why not succumb to. find out what's really happening to the global economy

with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our. if. russia would be so much brighter if you knew about zoom from files to the trash unsold. crew starts on t.v. dot com. plug the mission in free accreditation free the transport charges free. range one stream upstream flints to tide free mug download free blog as a plug in video for your media projects or a free media oh don the r t don tom you.

eleven thirty am in moscow these are your r.t. headline leaders of the world's biggest economies meeting for a g. twenty summit where center stage is captured by the euro crisis now intensified by the greek decision to hold up bailout referendum germany and france say there will be no cash for athens and to live besides its ports. around the of thousands in oakland california causes a major seaport shut down as public discontent with the economic inequality whether fueled by last week's violent dispersal demonstrated our correspondents attentions of grow with riot police clearing streets and starting to arrest the protesters. moscow says doubts and victor boots a verdict is a fair one and will pursue his return home to russia this is a u.s. court finds a businessman guilty of arms trafficking after extraditing him from thailand last year. up next as promised latest edition of the kaiser report stay with us here on r.t. .