tv [untitled] January 17, 2012 6:01am-6:31am EST
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the credibility of the credit rating agencies has once a bank been called in to question the situation it could change on humble details for you twenty minutes and out business bullets and. it's three pm here in moscow this is archie coming to you live now with our top story this hour and russia have circulated a new draft of its resolution on syria to the u.n. calling on all sides to halt violence security council members will discuss the text later on tuesday but western diplomats say it fouls to condemn president crackdown on protesters strongly enough meanwhile as are two sarah ferguson reports from syria those caught in the middle of the conflict are living a life of fear. it's been less than
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a month since we were last in homes in that time the situation's become even more dangerous and the pressure on the people living here shows i suspect were people numbers that at the end of having the tragic death of foreign journalist children here in homs recently served as yet another remind the harrowing the precarious situation the people in the city are in the way to go but. that's you know what. they are going to tell because i'm waiting for that are you moved why do kids from this school in the hot air you know what i was living. area. of you well this is not your normal life it's our land it's our home syria ok we cannot we we don't want to leave our homes we don't want to leave our schools we just want to leave peacefully people think telling us that the sky is to leave their homes
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across the city water shortages food shortages power cuts are extremely common winces here and it's hard for some people to even heat their homes survival here in the city of homs has already been taken back to basics the city that's been at the heart of the arrest is much like the rest of the country right now divided you can travel from one area to another here some streets simply t.j. enjoying. the armed conflict in syria right now is looking increasingly like a civil war in the towns and cities like homs to the shame resistance isn't by the rules and thousands of people have fled the city can't imagine anyone wanting to live here now not everyone can leave across the country right now civilian safety is he usually under threats outbreaks of violence seen cayle sick and fractured and cooper tween the conflicting sides is the. people like this he was suffering under
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are not completely would be ok with our government. and one hundred percent and we are not against it what they are doing. the young people they are getting us that they are killing our future they are killing our people or our children this is the devastating reality of syria's uprising hit me that the government all the opposition seem willing to lay down their arms and proceed dialogue distortion is deteriorating. the. number of the those who are killed is the skeleton. we were accustomed to about average twenty people but they being killed out about thirty it's sad to say that it's going to continue such more more death marketing and say these people waiting taping and praying that they will their children will be next to the courts in the crossfire surf city in the
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city of. moscow warned it would be a mistake to send foreign forces into syria saying it would not produce any positive results russian foreign ministry has also hit out at the syrian opposition for jacking moves to start dialogue with the government with more on this we're now joined live by you katherina going to charge us because we are so a fairly clear stance has been outlined today by the foreign ministry take us through it. the russian foreign minister today said that most would not support this partial foreign military contingency to syria as it would not produce any positive results but russia has been trying to maybe the conflict in syria for a long trying time by bringing both sides to dial open trying to find a peaceful solution to the crisis mosco also believes that it's not only the syrian opposition to the government to be blamed for the violence but the opposition as well it also says that further attempts should be made to engage with official
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damascus that for most who describes the syrian opposition rejection of dialogue baby authorities as nonproductive then absolutely correct it is also against an arms embargo saying that it was unfair to expect that the syrian government would not respond to on rest and russia believes that for the most part armed opposition groups were provoking syrian authorities in other words unlike the u.n. russia condemns both the syrian government and the opposition in the ongoing violence and of course it believes that the conflict should be solved by the syrians themselves without any outside miller. we need to fear russia fears that syria pulled them off the b.b. at that newest military intervention why don't the russians or jews thorough probe into nato operation in libya saying it has gone far beyond the group mandate meanwhile russia who supports the arab league observers mission in syria that came
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to the country december however most stressed today again that the arab league is normally authorized to send peacekeepers to see we. have to remember cho reporting live from outside the foreign ministry thanks for that. still ahead for you this hour crippled stability with the eurozone balance front now downgraded top bankers say it's time to do without credit ratings we asked why in just a few minutes. and as thousands of children in india disappear every year we investigate what's behind the frightening trend. iran says it won't resort to terrorism to avenge the latest murder of one of its nuclear scientists the speaker of the iranian parliament accused israel and the u.s. of using such tactics in a desperate bid to stop to iran's nuclear program and number of western officials have spoken out recently about possible military action against iran those are just follows there are now reports many in israel say
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a covert war may already be well underway. from this rather spartan recording studio in jerusalem one israeli jew has been reaching out to people in iran for fifty two years ties between tel aviv and tehran off a bit in but it's never stopped menasha amir from reading the news in farsi every night and hosting a weekly show for listeners in the persian world to share their views he thinks around a million rain ians tune in and the topic they most want to talk about the possibility of a foreign attack on iran and they are very much afraid that the iranian nuclear installations will be bombed by a foreign powers where they're israel or the united states or any other country but it's not only the rain ians who are suspicious of israel or america taking action people here in israel since something's in the air you can see signs of wink and nod from israeli officials when talking about it israel is signaling to the world.
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if the world doesn't do anything if the wall doesn't call for more fierce actions for more crippling sanctions quoting the secretary of state clinton then israel would take the initiative and strike along some wonder if israel hasn't already declared an unofficial war on terror and what suspicions raised further after the assassination of another iranian nuclear scientist earlier this month while on his way to work putting everything together it is clear that whoever it is but if someone or somebody or some agency is very successful in infiltrating understanding last subaltern the iranian nuclear program the attack is the latest in a series of mysterious accidents linked to iran's nuclear program two aircraft accidents in the space of three years scientists disappearing equipment damaged and computer viruses unleashed and the fingers pointing at israel. and the united states this is
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a very respectable grammar notion but. iran has made. you. mind. your own version of adding fuel to the fire the plan for israel and the united states to conduct the biggest joint military drills before the end of the year it would see thousands of american troops deployed in israel. it's the most blatant find that in attacks coming but no one in israel will come on record and say there is a covert war on iran all talk of an israeli strike is limited to the airwaves. choose to them. but the iran isn't a threat to anyone and the tension around its nuclear program is fabricated by washington so says brian backer of the antiwar answer coalition the united states government has created an artificial crisis that's first and foremost it's
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a manufactured crisis iran is complying with the. iran does not have a nuclear weapon iran is not threatening its neighbors iran has not started a war with any of its neighbors israel on the other hand has hundreds of nuclear weapons and unlike iran refuses to sign the nuclear nonproliferation treaty does not allow. inspectors into its country so there's not really a nuclear menace or a nuclear danger from iran so what is the cause what's the cause of the crisis of the artificial crisis the real goal is the united states government has embarked on a course of extreme economic aggression against iran with the hope that by creating economic suffering economic isolation economic misery that part of the population will rise up or become disenfranchised with the government so that the u.s. can do as it has in history carry out regime change. well there's more news and comment twenty four hours a day for you at our dot com here's
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a taste of what's online right now a leading human rights campaigner is suing brock obama over a controversial new wall that enables the indefinite detention and torture of americans find out what prompted the pulitzer prize winner to take on the president . and parading barbie the american icon has outstayed her welcome in one muslim country r.t. dot com is the place to find out why the toy will be removed from every shop there . now blow after blow has been raining down on the struggling euro zone with ratings giant standard and poor's now slashing the grade of the region's balance out fund after the agency stripped france and austria of their prized aaa ratings the rescue facility was left without enough top tier economies to guarantee its aaa status financial analyst william mendel's says the agencies are not impartial. the role that the u.s. based grading agencies have played since the greek crisis erupted in december old
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nine has been what many people here see as a brazenly political rule and it happens to be that they preemptively downgrade greek sovereign debt just when european leaders in march of two thousand and ten were coming to an agreement in principle they downgraded to junk status forcing a massive sell off of greek debt by pension funds i don't think they're there unbiased i don't think they're the independent agencies that they portray themselves to be they enjoy a very curious role in being blind to the. problems in companies like g.e. just before the september two thousand and eight explosion there that caused a global systemic shock and as well be the background to the whole subprime crisis they were asleep at the switch many times when it comes to the interest of the wall street banks the so-called gobs of money banks like goldman sachs or others they tend to be rather lenient and when it comes to the interests of
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european institutions they tend to be rather aggressive which leads many europeans that i talk with to think that the rating agencies are simply an extension of the u.s. political apparatus the treasury and wall street. worsens future in answering the demands of the opposition in a pre-election manifesto vladimir putin has defined some pivotal issues he has fears or president would have to face russia's prime minister is running for the country's top job for the third time this march political analysts xander in iran have told r.t. that candidate putin has been made all too aware of the challenges he faces. i think this will be a clear refiling it will do much to bridge the gap understanding between the opposition and the protesters in the streets we see the. prime minister understands all those challenges that russia stacey and has been facing. the previous two
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decades what he's calling a new economy to be built. and the gravitation away from dependence on oil rigs high spending and nice the role of the opposition leaders as proposed any mechanism is going to give people more mall pensions and solar arrays so there are actually no reserves where they're going to take it from the obviously can i take it from the air and put in is also stressed it's. america's occupy wall street activists will descend on capitol hill later on tuesday for what the organizers hope could be the movement's largest gathering yet it's four months since the first anti corporate protests grew into a nationwide phenomenon i need to can reports now on how young americans are frustrated with the power wielded by giant corporations. the dream of starting their own business may stay just a dream for most young americans armed with college degrees and loaded with hefty
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student loans they enter a marketplace dominated by giant corporations robert porter is a pharmacist he works for a company that provides help to poisoning victims he says he's glad to have a job that pays his bills but sees no chance he could start a business on his own now we sort of used to be able to go out like you said graduate start a business have a drugstore but i think those days are are going away rapidly and personally i don't know any young pharmacist that are starting their own business like that competition c.b.s. friday and all the wal-mart target there's no way there's no way a new pharmacist to compete no way and it's a shift in the last few decades thousands of independent pharmacies have been gobbled up by a handful of drug store chains this one is still standing just steps away from a c.v.s.
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its owner says they survive because he gives his customers would big chains can't give you a homely atmosphere but even dedicated pharmacists like hussein experienced giants stepping on their toes hussein remembers how easy it was to start a pharmacy some thirty years ago it was a lot easier back then to stay and survive thirty years ago they could just go in and easily open a pharmacy now no young pharmacist really they or if they come with a lot of student loans and they really can model pain that kind of money his two daughters are also pharmacists but i would much rather be in my own business or at least a family business. most of say naps fellow graduates ended up working for a big company. to at least have a steady paycheck none of them started their own business it has now become
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a common tendency for the young in the us stark difference with the eighties but many can't find even such relative stability these days according to a report by peter hart research associates a quarter of workers under the age of thirty five in the us can't pay their monthly bills another study shows the average net worth of those under thirty five a nineteen eighty-four was three times higher than it is now for the same age group millions of people's quality of life is is diminished for the profits of a handful of the immense stores and corporations for most young people in the us starting their own business isn't even a consideration most of them would be happy just to have a job that at least pays their bills many don't even have that this is the poorest young generation in the us but decades and the question many ask is what kind of
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future can they build and what will they leave for the next generation i'm going to check our reporting from washington our take. a look now at some other news that are making headlines around the world hopes are rearing fan for twenty nine missing people following the italian cruise ship disaster that killed six rescue teams are working around the clock to recover more bodies even using explosives to blast holes in the hall of the vast cruise liner capsized on friday after hitting rocks off the east coast of italy the ship's captain has been blamed for the incident and could face manslaughter charges. the trial of former egyptian president hosni mubarak charged with corruption and the on lawful killing of protesters has resumed today in cairo is joined by his two songs and aid officials to present their defense and what has been dubbed the trial of the century in egypt but barak maintains his innocence and claims that he was unaware that the killings were
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taking place because the first alstad leader standing trial in person since the arab spring began to. find the demonstrations continue to rage in the romanian capital against government austerity measures thousands of demonstrators in bucharest have repeatedly clashed with police since thursday with nearly sixty injured activists waved placards and threw stones and firebombs at officers tension has reached a boil point over public wage cuts washed benefits and widespread corruption in the government. every single day at least ten children go missing in india's capital new delhi many end up as slaves or forced to work in the sex industry but its previous router discovered the figures are actually an improvement over previous years with almost seventeen million people packed into its crowded city streets new delhi is the perfect place for people to get lost but some don't just get lost they disappear that's what happened to route kumar's
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twelve year old son ravi he went missing one year ago when he left the house to get his bicycle but never returned. i don't know who took my son away i look for him everywhere but i couldn't find him. and ravi is far from the only one in delhi alone anywhere from two to five thousand children go missing every year while in india as a whole a staggering eight hundred thousand disappear and it takes a dreadful toll on families kumar hasn't been able to hold down a steady job or stay healthy his only focus is finding out what happened to his son but the answer is likely a grim one most children who disappear in delhi end up as sex workers or slaves who you know but if the kids are kept in places where no one will be able to find them they're also kidnapped for the organ trade business that don't sion and also to
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begin with. kumara son like most missing kids in delhi was the word away while playing from a porn neighborhood like this one many family members of missing people say that they believe that they're often ignored by police because they lack money and power and in many cases they're asked to pay a fee if they ever want to see their loved ones again i told the police but they only say that maybe my brother is somewhere in the park were sleeping in some temple or staying at a friend's place delhi police say that while they know they face a massive problem things are getting better while in the past eighteen children in delhi would go missing every day this year that number is closer to ten organisations working to help the families of the missing say that while the police need to do more they're overburdened and understaffed. we're also trying to pressure the cool to order the police to take serious steps in this issue to watch out for the child in railway stations and bus to pose but this comes as little
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comfort to parents like rao kumar who feels as if he's tried everything he continues to visit ravis untouched bedroom every day holding on to the memories they shared my son used to sleep on this bed with me the house seems empty without him and i don't know way is all his stuff is just whining at home clinging to whatever hope he can that his desperate search for the son he loves will one day and well preassure either r.t. new delhi india that it will cross over to the business us now kate is here with a live update. that welcome back to the business program following the recent downgrades in credit ratings of your as i members germany has called for the introduction of independent european writing agent says the proposal would see them become an alternative to u.s.
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based agents just not just on the poles and fitch european officials say them as complicate the currency union's efforts to enjoy the was in a debt crisis for more i'm joined by simon. managers. into this now first of all how how much can we trust these u.s. writing agencies and how seriously can we take the downgrades the interesting thing is fitch is actually an eighty percent by french company so they're not necessarily u.s. rating agencies obviously their major offices are in new york and london but to say the u.s. is to fall into a and then grow anglo u.s. sort of conspiracy against the euro zone which i don't think exists. in two thousand and eight i think the rating agencies were criticized for being so slow to downgrade and now we have the european governments be saying but too fast too right which is a slightly strange ok and how much can these downgrades really shake the european financial system how much i suppose all the don't grades were
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a stream o'neill said the most underwhelming of all time these were well priced into the market they're well anticipated that's all we have outlooks their own just it's not just the credit credit rating there's also the outlook which is forward looking and many of the the outlooks at all have been for the downgrade to happen. now there's been proposals of these them independent european rating agencies how viable of these do you think i think the establishment of a european only rating agencies a little it's a little on the silly side it's basically a sort of slap down and say. we don't like what you've said so we're going to set of our own independent who does a report is it only going to be specifically for europeans and if i use the whole raft of questions but fundamentally it's basically saying i'm pretty unhappy with what your pub saying i'm going to go run off and join my own club i can talk about russia that is our way russia's credit rating has been changed from positive to
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what you think is making russia hold on to its writing at the moment or that was change from positive to neutral it was specifically done away in the election that's coming up in march we remember that the u.s. was put on downgrade watch for the political uncertainty surrounding that the debt limit increase this is just it's just part and parcel processes as economic and political situations change the radiator to be more proactive this is a good thing the fact that it's been put on on stable calm will is not necessarily bad for russia at all it is just it's just showing the rate ages they're looking to see what's happening and they will anticipate see what happens in the actions of a move forward from now let's put this into context this now means that russia has the same credit rating as. so what does this mean does it mean more investments going to come into russia or what is it all interesting thing is that the the credit ratings themselves might be the same but actually the cost of insuring
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against the tally in the forty's over twice that of the russian default. so the market perceives them as two entirely separate things but the chance of a russian before is almost negligible considering its own enormous commodity pile has virtually no debt i'm standing isn't planning on raising too much debt in two thousand and twelve and with all prices where it were russia is in a fundamentally different position to italy which is one budget deficit for the last fifteen years. ok well thank you very much indeed that some simon and them for that so that to. us it not just thanks very much in date ok let's see the market shall we for now that's have a look at what's happening is getting good is trading near the retiree high france is pushing for a fall start the fourth month of an iranian import found last audio radios or minister was reported as saying the world's biggest exporter wants to keep prices
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out one hundred dollars a barrel on it see what's happening over in europe the markets have been comfortably in the black for much of the trading day so far despite those multiple dungarees that we've just been discussing that you see the president did august that investors how the already priced into the downgrades as we were saying and again according to question the credit rating agency is now let's also have a look at close as a high what's happening in russia the russian markets also holding on to their guy and yes he's gaining a one point eight percent of the effect is up around one and a half percent just on the back let's take a look at a chip sell trading in the black today struggle all is supporting energy majors gas problem is adding around one percent some of us all is among the top guy you know the report says subsidiary north gold will become a separate company to start trading in loaned us hydro is also on the rise of the
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at three thirty pm moscow time these are the top stories from argentina russia unveils to the u.n. a new resolution on syria calling on all sides to halt violent council members will discuss tax later on tuesday trouble country remains deadlocked in conflict. iran says it won't work timely aid over the death of one of its nuclear scientists which it blames on israel the speaker i'll be arraigned in parliament here's a country of terrorism timing is death.
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