plans and as artie's an isa now a report 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 engler 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 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 all the same i believe that the greeks will be forced into accepting whatever sturdy measures or whatever bailout packages are dropped in their laps brussels and the g twenty well 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 of course are big part of the g. twenty 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. financial crisis solve global economic problems but the questions being asked what has changed and will the voices of these emerging economies this time. porting from a nice artsy. euro zone leaders that fast developing economies including trying to will help the struggling bloc beijing based correspondent shot in fence that says if china agrees to come to the rescue it'll 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 master and i am i find now that i am at historically has 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 them after 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. 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 animal and a 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 discuss whether some of the legends of rock n roll might have done a better job fixing financial turmoil than today's bankers and politicians. john

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 the posters on the wall like make love not debt 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. in the u.s. eyes were on oakland where there were reports of clashes between riot police and anti-corporate protesters earlier

a rally of thousands paralyzed one of the country's major ports and disrupted businesses in the city our correspondent lucy catherine i was in the center of the action in 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 almost no police presence and so these kinds of tactics these kind of aggressive 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 effectively been shut down and 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 kinds 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 crackdown that are resulted in several hundred arrests and an injury to one iraq war veteran as well as other protesters with a very very peaceful and get massive demonstration here that saw almost no police presence that successfully and effectively shut down the sport i think that at the very least is 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 likely 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 in other areas reporting from downtown oakland at the port of oakland for our t.v. i'm lucy copping out. lucy coffin off is still on the scene there in oakland she joins us now by phone. hello lou see so if you can hear me what's going on on the streets right now. i'm at one sitting on the the corner of broadway and fifteenth the scene of a standoff between occupy oakland protesters and police officers we were actually just about a block away one about a sixteen white on mount mark since i counted pulled up with the police officers stress in full riot gear inside they say they got out of the street and started marching down forty sixth where protesters had taken over a foreclosed home this is one of the new tactics they have talked about at the

movement they simply barricaded the streets and several tires a garbage dump is on fire and that is when more than about two hundred fifty police officers to get in riot gear marched down shooting here gas out of these sort of large weapons washburn aides to sort of done in there the protesters that we counted upon in the least three arrests in fact the smell of here gas is still permeating around the area and right now i am standing in the middle of the street and there are police officers to my left and right there's really no way to get out right now a small crowd of protesters remaining some folks are meditating in fact part of the police line other people are dancing other people are just in shock at what they witnessed and you still don't know how this is going to end the massive crowd dispersed but the police remain in formation i think handcuffs and hand the crowd is a little bit rowdy and it's very very tense situation at the moment doesn't seem like

things are settling down right now or things still very touch and go where you are . i mean they're not burning tires i guess and settle down in that sense but no it does not seem like it's of a young fast average speaking right now i'm seeing behind me basically there's about two hundred police officers standing information about i don't know maybe fifty or so are marching down sixteenth street this is where the protesters have taken over the foreclosed building and taking out furniture there i can't quite hear around the corner what's happening there. but it does look like there is a mass movement the police right now down the street i'm trying to get a little bit closer to get a better look it does look like some of these officers have used weapons out these non-lethal a tear gas weapons outside don't want to get too close just yet but it does not look at settling down at all what will develop remains to be seen again more and more sort of threatening tactics than actual raf but this crowd is rowdy. they are ready to stand against the police and it does not look like it's going to be

settling down anytime soon what are some of the things that you hear people saying around you. people are chanting our streets are streets that perhaps the few trial champs when you're faced with the several hundred police officers. on the me there . are streets i get off of our streets these are our streets those are the protesters behind me in front of me it doesn't really look like the mass of protesters noticed the large movement of police and my suspicion from having that on that corner earlier i think there's probably a couple of hundred police protestors cornered off down there perhaps the officers around both sides of the street some clear whether they're corralling them for a rest or just marching down but again very tense very unclear how this will develop and always a dangerous situation when you have agitated protesters are especially after such a large march and such a massive presence of police officers you know one wrong move and they could really bar tensions very quickly all right artie's lucy kavanagh live for us by phone in

oakland thanks for that update. thank you and lucy is keeping us updated on the latest developments also by her twitter feed where she's also describing the most dramatic events of the day at the protest in oakland california. and she reveals how her r t crew was unable to leave the port area after filming a car plowing through a crowd as we've seen her cameramen were surrounded by protesters who voted on whether or not to let them pass the events in oakland by the lucy company of twitter feed and our reach we as at r t underscore com. turn now to other news we're covering on r.t. russian businessman victor boot has been found guilty of trafficking arms to terrorists by a jury in new york he was arrested in thailand three years ago later after several attempts by the u.s. he was extradited to the states in two thousand and ten artie's marina porton i as the latest. 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 of 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 bruce 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 weight of the evidence and that we could 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. russia says it continues to question the grounds of the case against boot and wants him back in the country is going to join us live from moscow outside the foreign ministry with more so if your wife is moscow so annoyed. russia strongly criticizes the u.s. courts decision saying that it's a big question into how lawful was it that the us managed to get fifty to boot all

in states or in the first place since it was twice that a thai court could not find enough evidence to extradite him then all of a sudden it changed its mind and just a few hours after that who was on a plane headed to the u.s. back in two thousand and ten and the foreign ministry here in moscow says that this was a result of political pressure applied on thailand by washington it also claims that a negative image has been created around going to boot and this case on purpose by u.s. media and all of this makes the russia question the u.s. course objectivity at the moment the foreign ministry says that its main goal is to get to the boot back to russia. is going to fly for us from moscow thanks for that report. or for further discussion on the story and joined live from nice by daniel estell an author investigative journalist thank you for being with us so moscow still questions still skeptical about the case against him

but what motivation do you think washington could have to keep him to push him to the efforts to get him jail. well as i said so many times previously and in many of my my to do interviews. scooter was a part of the international global game where russia basically was the end game russia was the only nation in the world that actually us stand up to enable to the united states aggression and to the plans of the powerful lead to actually have there be a one world government a new world order one where a company limited call it whatever you want them is just an example of what is actually being done against russia's interests across the world the idea that they're troubled a businessman will actually get access to weapons being and of course there would be in the american government it's called the reachable execution be officer of course he was never a good k.g.b. officer but the idea is that a k.g.b. officer would not give us plans on any weapons unless a powerful nation in this case obviously the insinuation that russia would actually help them and supply him with weapons we basically puts russia in the same capital

that iran north korea cuba venezuela and cetera and of course other efforts i made across the world to actually destroy russia's credibility or undermine their influence such as for example so many would bases which are being constructed in afghanistan whose only objective was actually dropped out the southern flank of the russian gears of war drums which are being pushed from the bahraini airbase interrupt and subject changing which of course kills almost thirty thousand russian youths every year something about a minister of on of a said obviously has been protesting to a nato in afghanistan saying that they have to do it in their power to stop this drug influx into russia and actually have the drug trade with afghanistan something of the nato alliance of the boucher americans who are who said no to saudi and the trouble unfortunately is on this international game fortunately this game in his case has come to an end and tied together a lot of very disparate things there but why do you think the extradition has

raised questions from the start with russia tike ort refused to give him away on two occasions and then suddenly change its mind why do you see that being the case with that. high court making that change well actually in the case of the case against her to move in thailand to russia to do so should the further surgery which was made by the regret of the first instance which was actually a wrong decision because of that you fought against the american government saying that the bar was not a terrorist organization but a political resolution subsequently a court of course and says i agreed with you that in the state of course was corrected by the court of appeal which claimed up it didn't matter it was a relevant one of the thailand considered. the part terrorists or terrorist or political reconciliation the fact of the united states government and that states nation consider the bar a terrorist organization was not going to rule to stand trial in the united states and of course i was there from the very beginning along with several other people trying to help the trouble in his defense ever was against the american government that we warned him not to actually go and play the card of being a political or

a criminal organization because it was really simply irrelevant the idea was never ever any access to any weapons there was no evidence anywhere in the world that shows that you will any at any time ever dealt with weapons and of course he eighty five anybody who he if that's if that's the case if there is no evidence of this then how would the prosecutor is able to prosecute a successful trial against him quote first of all the cases in the united states and basically goes to show you how little the american justice is a war what will a war if it actually house today keep in mind a deed even if i knew who did it just just to bring up the point it is a jury trial so they do need to convince twelve impartial relatively impartial people that there is evidence against boot it's not like you can just. believe it or not. one of the strong evidence against their tour was apparently the voice recordings which of course another to remove the voice at all but rather crude

copies using computer programs such as for example boyce mask pro would you can buy put twenty dollars and you can replicate anybody's voice and make it absolutely move towards something about the events and during that you have never even brought up in court there of the evidence for example such as the alleged evidence which was one of the attributes computer with the agent's not going to get used against them in court well that evidence again in american da american government never had access to books computer because books or books computer or the first day is. the first day of his arrest in thailand was taken back and actually it's and blues brothers possessions to rebuild has big books computer so the american government never had any access to his computer so he had there's a lot of evidence which americans have presented in court which actually baseless and unfortunately the defense attorneys never addressed any of his points all right thank you very much for your input daniel aslan author and journalist thanks for joining us and here. with the influence of social networks and growing especially

during times of unrest britain plans to use them against protesters following the summer's massive riots making youth club workers spy on their members is among the controversial proposals including monitoring their messages because artie's laura smith reports from london the plan could cause total isolation for a potential troublemaker. the reality of life in east london young teens take part in a workshop on gang violence with the government laying the blame for all ghosts 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 where some of the worst on rest took place says it's not the technology to blame when you had drugs in this country in the 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 the real possibility it will backfire for some young people being used club is a safe haven in an uncertain world and message monitoring could undermine the agent relationship between you and vulnerable teen making them less likely to turn to them in a crisis and more susceptible to guide 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 far as 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 of the same risk youths the all thirty's are so concerned about laura smith r.t. london. at our web site where there's plenty more of our top stories lined up for you here's what's a click away right now. israel's military test fires a missile reportedly delivering a nuclear warhead to any part of the middle east and as far as. a family of animals in russia's far east takes to the highways to ask locals for check out the full footage of. the.

business news next with yulia stay with us here on r.t. . hello and a very warm welcome to your business update russia's leading banks and russian agricultural buying increasing rates for deposits at all or to encourage consumers to bring more cash to lend it's the maximum rate as burbank is now it's around seven percent but that's still lower than in smaller banks which started raising rates in september some analysts say the banks some preparing for a new way will financial crisis and liquidity to squeeze richard henceforth from loose 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. 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 bikes themselves i mean they're lending portfolio i think the problem is invested surety is a portfolio. meanwhile the country's central bank has begun providing unsecured loans to lenders to save got them against a possible lack of liquidity it's also trying to reduce banks' dependence on overseas borings analysts say global economic uncertainty makes it harder for local lenders to raise cash approach. let's have a check on the markets oil is low as the u.s. ended a two day meeting with no policy announcements light sweet is trading at over ninety one dollars a barrel while branches that one hundred and eight dollars. and european stocks are seeing a selloff as fears of a greek default tightened after the e.u. said if will not provide any more financial

a stick or is should it refuse the latest bailout deal and asian markets were also in the red with investors and wait for the meeting go through group of twenty the parties both try to to work. i gather in order to help europe contain its debt crisis financials or among the he just the hardest hit in hong kong with the sec to see him as one of the more closely linked she grips troubles industrial and commercial bank of china lost more than one percent. and here in most of the markets in the red on the last trading day this week on friday the russian forces will be closed for a public holiday the arches in the my six are both losing more than three percent the south of us now have a look at some of the individual share moves on the my six most of the blue chips not trading in the red with gazprom down almost three percent the company has resumed operations and leave it to go with the intel in any new role snicko is also lowered the company has managed to acquire around one hundred twenty million shares

from the market and it's by about it is about sixty three percent of its charter capital era floor is losing almost four percent the company has recorded an eleven percent decline is that profit for the third quarter compared to the previous one but that sound russian accounting standards problematic from there are a couple investors are waiting for new to fulfill the news from europe. following on from the fed's decision last night i think all eyes will now turn to to the e.c.b. this is the first i will first tyra moore and the new head of the e.c.b. will be communicating with the with the market. there is hope. he will cut rights to signal that he will be different from his 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. will bring you another business update in less than one us time here on alt.

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twelve thirty pm in moscow these here are t. headline tensions grow in oakland where clashes have erupted between riot squads and anti wall street protesters with some reports saying police fired tear gas and rubber bullets earlier a rally of thousands caused a major port to shut down and disrupted businesses and the. 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 referendum germany and friends say they'll be no cash for athens until the country decides its course. moscow says it doubts victor broods verdict is a fair one and the suit has returned home to russia this as a u.s. court finds a businessman guilty of arms trafficking after extraditing him from thailand last year. and the ambitious experiment simulating a manned mission to mars comes to a close on friday r.t. spoke with the head of the.