stories about the economy and jobs creation but there is a lot of skepticism among americans social inequality in america is now at a level unseen since the great depression the top one percent of the wealthiest in the country are making a killing while the middle class is shrinking dramatically and that gap is getting wider american jobs are being outsourced to other countries president obama's state of the union speech sounded motivational full of good intentions but the fact that almost all his major economic initiatives got bogged down in congress like the jobs act that he put forward last year is giving a sense to many that he might be saying all the right words but they may not be necessarily followed by demons on the foreign policy front he ran on promises to end wars but while he pull troops out of iraq and started winding down the war in afghanistan with a pledge to bring all troops home by two thousand and fourteen america's wars didn't stop president obama bombed levy last year to the tune of bringing about democracy also the u.s.

may now be on the verge of an all out confrontation with iran and in the speech he once again said all options are on the table washington is now actively building up its military presence in the persian gulf region new u.s. drone bases are popping up in the arabian peninsula so we see that while president obama went through with the promises to scale back on iraq and afghanistan he's been actively building up a platform for possibly new wars president obama certainly prides itself on his role in killing osama bin laden and a number of other terrorists but the means by which the u.s. is going about the task of chasing down terrorists raises a lot of red flags so some experts argue that what washington is doing is fighting terror and provoking terror at the same time but in president obama's presentation everything sounds just great on the war on terror front. but it's a term that will break down the president's state of union address with us professor paul sheldon foot's from california state university who joins us live

now did the president speech live up to the expectations of the american people do you think. no it was his typical very big cheerleaders style political spin. republican governor mitch daniels expressed it well saying it's not truthful and that the only correct way of describing the state of the union is the word grave. well he has bomb has proposed raising of taxes for the rich that will go down well with ordinary american went to congress support that idea well of course it's popular with the ordinary american but what obama failed to say in expressing his great desire for fairness is that nearly half of americans pay zero income taxes that's not fair and he doesn't dare say that he will put in a flat rate system in which everyone pays their fair share and so while it is very popular to say will increase taxes on the rich does it mean that we will no longer

allowed to duck sions for investments in tax free federal and you know small bonds if so that will raise the cost of the federal and state borrowing and then already to the cost of debt and we will be in even deeper trouble than leonardo so he doesn't go into these kind of details and he's very selective about his choices or examples. the president has or has recently oath arise the us minute cheney to detain terror suspects indefinitely without charges. how's that going to affect his chances of re-election. i don't think he's worried about his chances a reelection the republican party is badly divided you have those who support run all the libertarian republicans who don't want the endless wars and the endless debt and they will never vote for any other republican candidate and then you have the neoconservatives the zionists the christian zionists who are supporting the other republican candidates and they will never vote for ron paul. so if i were

obama i would just sit back make a few minor proposals for changes between out on election day and sit back and just say i'm going to win the election i think he feels very comfortable but relection when you mention endless wars that and bombs pledge to cut down on military spending but the war in afghanistan rages on doesn't attend and washington's gathering forces for a possible strike on iran even all of those two positions compatible no they're not they're very contradictory and he used the cute little code phrase that we're going to have an enduring relationship with death in a stand which means we're going to have bases in that country and stay there for ever whether they want us or. likewise sir he said we kill gadhafi syria's next day and if iran doesn't behave there the after that so. it is totally contradictory to say that he's going to be able to pay down the american debt in

mixed race and government spending programs domestically with savings from bringing soldiers hold for moore's what in fact he has plans to expand while he didn't mention china by damien also said that we have a pacific strategy and the world will know that we are number would. that was a thinly veiled threat against china even i mean how insane can you be if china is holding more than a trillion dollars of our debt we've got tens of thousands of factories there we're highly coordinated do it depended upon them though and he's threatening them to ok so back back on the on the home front then and looking ahead to november as it does the democratic party still hot what it takes to sustain challenge on the white house will will people feel it's time to give the republicans another chance is there any difference this. the war mongers of the republican

party are no different. pointed it out himself he said that many republicans are big spenders too and he was trying to claim the he admired most of all republican president abraham lincoln who said that you only provide does this little government as people really need he was going to be a fiscal conservative been compared to the warmonger neo conservatives used telling the truth it's. ok me to death now life in the us that was kind of funny estate investing professor paul sheldon faith thank you. well you are with r.t. and still to come on the program a meeting of money tree mines for business and banking in the descend on down loss for the world economic forum find out how much focus will fall on reforming global financial system. searching for a fair salary while a legal loophole in india has left many without jobs or

a stable income. there is confusion over events in the libyan town of bani walid ottomar gadhafi loyalists seized the city on monday killing five people and injuring twenty five in clashes with government forces but libya's interior minister said it's actually not clear who controls the city claimed clashes erupted due to internal problems and will between rival militias. elders in the town said bell now points that only local representatives and interference interim authorities fighters for the national transitional council have now set up checkpoints outside the town it comes as the m.d.c. has been struggling to unify its armed forces and protests in several cities across the country and prompted the council chairman to warn of possible civil war let's give journalist simon ourselves a sense that many libyans getting what. they think about revolutions is they're not simply passive events there is a whole awakening of

a population in the middle east but also libya and people saying well this is not what we have not prizing for and the victims themselves you know the victims the new victims the old supporters of the old regime saying well you talk about democracy where is our inclusion in this so you get the sense there is this fracturing the new electoral law is very how can i put it has made people very very unhappy it seems there is a reintroduction of tribalism and networks and so on and so you know. that there is a lot of disquiet in every corner of libya at the moment it's a truism that there's no such thing as a clean war and civil wars are the most. and so you so you can imagine. nato but i don't need to imagine may to really pushed the envelope and they broke the resolution they were there to defend civilians that was the mandate and they were essentially became the rebel rebels air force and so they were attacking in the the all you know almost total annihilation of certiorari messy very brutal and

i think there's quite a lot of acts of revenge taking place as well but we have more news and stories few on our website at r.t. dot com here's a look at what you can find there right now trading we'll go let's go iran has reportedly bypassed the latest round western sanctions by accepting the precious metal as payment would spoil exports also. one online source to another founder of russia's most popular social networking site devoted donors to wikipedia find out why a party dot com. now egypt's military really has announced that the country's decades long state of emergency will be partially lifted on wednesday is one of the key demands of

thousands of protesters who are marking the first anniversary of the uprising that toppled president barack for many who continue to demand that the army steps down it's still not enough for national reports now from cairo. a year after its historic revolution egypt is far from calm protests have become a part of everyday life and no longer in event one of the revolutions significant achievements. we could never believe come out and speak out later. there are several reasons for egypt's people to take out to the streets following the uprising that ousted mubarak last february the country's economy is struggling unemployment is at its highest in decades and while the looting and the tight ends that has dominated parliament debate the country's future resentment grows against a military rule and the feeling they hijacked the revolution possibility we want

them to do what military should do to protect its citizens a neutral the country people. in want to be sure that there will not destroy our lucian's achievements they betrayed us the military dominated egypt's politics since the fall of the monarchy sixty years ago some skeptics say the twenty levon revolution did little to change this trend. where mubarak toppled down people welcome to the supreme council of the armed forces to lead the transition but they nissho euphoria began to fade when the military council was still in place six months later after one bloody crackdown on peaceful protesters after another claim at least eighteen lives tober there isn't any doubt left here scaf should go i believe that they're there i mean our life i believe that we don't want them anywhere here in this chair that's what i believe in that's and that's what most of

what all i know believe and the working whatever happens as these are works with and discovered a scar because he blew in arabic or army lawyers campaign they work to reveal the army's wrongdoings bt you know female activists. attacking field hospitals and conspiracy theories under the military council twelve thousand people have been brought to mentor trials that are against less than two thousand in the dark thirty years scoff claim it and leave when the new president is elected in june but if you believe the promises that once were broken so easily some also fear that a generals may stay on behind the scenes reluctance to relinquish the power they've had for decades with protests pushing them to leave one thing is clear the fight is not yet over. greif an option r t cairo. well egypt now has a new do that to parliament where there was little brotherhood holding majority of

seats the owner said it would give up power once a new president is sworn in after june poll when the cross-talk program data people of ellen his guests debate the country's future here's a preview for you. if the united states wants to ingratiate themselves with the egyptian people what they've got to do is we've got to offer humanitarian aid we've got to offer loans and services to the egyptian people and not so much you know cut the government but i'm very much you take it on their side you know and we wish nothing but the best for them now but well i don't i think most egyptians don't believe that ok after thirty years it's hard for them to believe that the last twelve months hasn't changed and i think that's why we've got a lot of work to do here a lot of. these are all intentions if you just leave egypt alone completely and let them decide for themselves let them decide their own foreign policy if they want to tear up the peace treaty with israel. i mean if you're saying there is an object ourselves it should be there is politics but there's

a lot of humanitarian relief that we can help and that's the kind of work we should be doing. members of the world's a business elite have gathered in davos switzerland to seal the group of deals and discuss the salvation of capitalism in the process now annual world economic forum has opened its doors to top business people and decision makers. of the details. all right i'm here i've made it to davos i'm at the world economic forum my first time i'm not alone though turns out morgan stanley's c.e.o. says first time which shows the caliber of the people that are here ok these are much of the corporate elite much of the global elite when it comes to wealth power all of that so they're all gathered here the question is what is davos man got on his agenda this year now of course the unofficial business is what davos has really become known for in many respects that's what you hear about that makes it worth all of the money that some of these corporations shell out to be here is the

networking and the deals that are done in private parties you know off the record in hallways in the lobbies so this is where a lot of the global one percent or some of them at least a presumably are doing business according to past reports ironically on the actual official agenda this year is the big topic of capitalism and if it is or ambling what its future is and what the solutions to its problems are so schwab the founder of the world economic forum has said that we can't think of this is business as usual anymore that capitalism in its current form has no place in the world around us talking about much of the of the discontent we've seen over in quality that we've seen with the occupy wall street movement which is on the agenda when some of these sessions are talking about remodeling capitalism occupy is one of the things that they're talking about interesting lee though none of those activists are invited to the forum to have that discussion but they are here really highlighting

the difference separating everybody else from the elites that are meeting here they have the igloo encampment which many people are talking about but they're very much here now as far as what exactly is going to go on i'll do my best to show you that the more i'm looking at these reports of what the press is going to be able to do it looks like i'm not going to be able to see a film or go a lot of the places that i would want to go except for maybe in thirty minute increments what's a day hopefully as supported by someone from the world. economic forum for me to lock down from some of these big business leaders and heads of state and central bankers exactly what they're talking about these sessions that i may not be privy to but that is what i'm going to try and do i'm going to do my best to bring you all of that and i will be here your intrepid reporter until then back to. well some international news in brief now syria has agreed to extend the mandate of the arab league observer mission by a month the mission was set up at the end of last year to monitor the regime's compliance with the league's plan to end the violence that latest reports claimed

sixty people were killed in anti-government protests across syria on tuesday and the u.n. says more than five thousand people have died in the last two months alone westmacott . syrian forces have arrested scores of suspected members of an islamist group during raids in the country's northern city of kano bako around sect said it carried out a series of bombings in the city on friday which at least one hundred eighty five people died the group is considered the most violent radical organization in nigeria responsible person deaths last year. hundreds of demonstrators in argentina met by riot police and protested in front of the british embassy one of the rest of the disputed falkland islands protesters demanded britain had the territories over to argentina and refused to send more military support to be any tension between the two countries are in charge until they get the international aid to sixteen prior claims in the territory.

rescue teams are searching for seventeen people still unaccounted for after crews donna kupp signs don't think i mean new footage has emerged showing images of floating debris inside the vessel. only tiriel the ship not using explosives to blast into more and it's sixteen bodies have been recovered since the ship ran aground twelve days ago. india's labor laws a promise full time workers a range of benefits from decent wages to paid holidays but those from the country's poverty stricken regions are always so lucky employers have found a legal loophole leaving many workers exploited through the fear of losing their jobs at any moment pressure falls. it's got one of the fastest growing populations in the world and getting india's eager young workforce into skilled jobs is no mean feat business tycoon mini shopper well thinks he has the answer

a temp agency that trains and then touts its labor. existed all over the world temporary stuff things so good but what we've heard somebody of the five minutes for the last five years filling posts and bringing home a paycheck it sounds like a perfect match but for indian firms there are extra more dubious benefits india's tough labor laws make it hard to fire workers plus permanent staff get decent hours holidays and a living wage none of which apply to hiring temps it's a cost cutting gifts keeping employers smiling all the way to the bank india has always been a famous destination for foreign companies to outsource their work at its cost but a growing trend here is for indian companies themselves to outsource their work force to agencies like instead of hiring workers for themselves everywhere from malls to restaurants in india are using agencies to hire and manage their workers for the shopper while insists his workers do benefit vital training they are

unlikely to get in india as many poverty stricken region yes the problems in the woman who film you know really cannot afford a very expensive education and it's going to. have those those who don't have been grooming them because some contrary agrees she's in rolled in one of the many nationwide team lease training centers to improve her english skills and enroll in a computer accounting course to make her stand out from the crowd to potential employers. the major coffee i was very warned to nervous about searching for job interviews i'm not fluent in english so i'm good teachers speak in english get motivated and gain some confidence going but critics say jobs people like some end up in should be higher paid employment and because the agency keeps the jobless figures down many believe it's bloody india. voigt tackling its labor law means which lets firms get away with dire wages and sacking staff on a whim but shovel insists the priority for those on his roster is putting bread on

the table and that is really where we came in and said that look a job is better than no job and employers were not hiring people because they were scared of him because we were not as we were saying look there are lots of kids who actually are not trying to move too often employers will use the law as a weapon in their hands too he didn't blow it was there just war and an opportunity to get a job preassure either r t new delhi india. where the business news is next with kareena. thank you kerry hello and welcome to business here in r.t. entrepreneurs are surging around the world according to a new report by the global entrepreneurship monitor however that's not the case when it comes to russia over seven thousand people were surveyed in the country and the findings show that russia is lagging behind not only its brics peers but also the majority of eastern european countries now and of course or has more. there are almost four hundred million business men and fifty four countries and about

a quarter of them are planning to add at least five new jobs over the next five years and we're talking about countries like brazil china australia and the united states now one that comes to russia the picture is pretty grim the number of new firms account for just five percent of business is that's the third to twenty five percent in china which places that at the bottom of the list of developing countries and russia is also slack and when it comes to international isolation with fewer businesses offering their goods and services to foreign markets. still you. get more taxes from small business at this point all the taxes will almost all the taxes go . for their own lives and then some of. the subsidy it means there is no there were impact. from the development of business and they should be

should get this money means they will see a very very pleased between the number of small businesses small businesses and the budget. this sort of reveals a high level of has. the majority of small and medium sized businesses do not believe there will be a positive change and this is of course a bad sign for government plans to diversify the economy away from raw materials and make it less vulnerable to external financial songs. almost half in russia and feel very confident of growth over the next year according to a survey by pricewaterhouse coopers that's lower than at the beginning of two thousand and eleven when sixty percent were predicting good times ahead here's even less optimistic with only forty percent forecasting growth in two thousand and twelve. let's take a look at the markets now all is heading. ising stockpiles in the west are offset

by concerns that you run could disrupt shipping in the persian gulf now into equities in russia stocks climb as fears about prospects for the eurozone is stronger than expected economic data japan's nikkei is up over one percent on the back up we can get that is boosting earnings for exporters and sang is closed for public holidays and one hour ahead of the opening bell here in moscow let's look at tuesday's closing the biggest question markets ended in the red the obvious said however percent while the lies extra point seven percent. russian stocks fell to their lowest in a week on tuesday stalled greek talks and weak oil cut investors' appetite for risk those trades those traders who are chasing russia at this point prefer to buy energy stocks that's according to economists of all like from deutsche bank russia be. very much popular these days in russia partly due to where it

will prices are partly due to the spin one of the best if not the best performing sector in russia stock market in two thousand and eleven i think there are some divisions over some of the other sectors including banks. metals and mining for example. but the oil and gas sector seems to stand out in a way right now as one of the more popular one of the more attractive ones there was appears to be pulling out of the no severe crisis which crushed its national currency last year its getting three billion dollars support from an anti christ is fond said by regional states including russia deputy chairman of the eurasian development bank said gay shuttle of details how the country's prospects have improved and the risks that remain. the position program of. percent of g.d.p. of this country. so given. the

current account of the country is showing first signs of improving. we have a historically high international reserves which is very close to two months of imports belittles had never had we see clear signs of stability in billups is the challenge to. all countries including russia and kazakhstan is how the global economy will shape up in the in this year well that's all we have for you this hour but don't forget you can always find more stories on our website r.t. dot com thanks for watching.

sure is that so much difficulty for you to be sitting on the mark with egypt's unfinished business a year on the revolution that you have to do spirit appears to have stalled the military rulers who replaced with. wealthy british style it's time to.

market why not. find out what's really happening to the global economy because the reports on our. talk about the headlines for you barack obama pledges another program for change during his annual state of the union address his approval rating suffering and the republicans turning up the heat the president is trying to ratchet up support for reelection. libya gadhafi loyalists claim they've seized control of the town of bani walid and abolish the government appointed military council there the country's interim rulers admit they're not sure who's really in charge of the city

saying the violence was caused by internal problems. and coming full circle into thousands of egyptians protesters angry at the lack of reform are expected in central park countries marking the first anniversary of its popular uprising that toppled president. next we bring you the story of one farmer who stood up against a massive multinational corporation to defend his rights and property rights in a special report that's next. why why why where i when i was when. i. saw you i already told a.