credit rating cuts hit europe as spain italy and british banks take a huge hit from investors they're increasingly worried that greece's debt contagion may have spread to why the for bailouts to be effective. up next singing satirist robert foster literally raps about the world's money malays. i found a flaw in the model god perceived is the critical function for approve of farms other world. leaders intensively shoot into the juice use it to get with or examine the status of the human experiment is it succeeding or will it have to be aborted we pursue a prognosis in this rap news or would it just knows the globe is allegedly trying to make sense of a global economy and it's on changelings us financial temple the seeds of the research is scrambling to maintain our confidence in hmong kids and banking off to derivatives wants to be easing trade imbalances recession look to be the nations close to collapsing in some prime loan foreclosed homes and people's taxes spent to bailout to fail aaa banks again feel level slicing is the us crashing is imminent coming smashed the debt ceiling of

from a slew of fresh credit rating content to europe and spain italy and british banks take a huge hit from investors they're increasingly worried that greece's debt contagion may have spread to buy leave some balance to be factored in next the view from inside syria from someone who has the president's ear as talks to his political and press advisor about the beleaguered country's situation. i then received another with this is the third time that the security council has failed to adopt a resolution criticizing syria as russia and china use their powers of veto joining us today to discuss this and the general situation in the country is political and media advisor to syria's president dr both english up on mr ban welcome to our program how do you assess the position taken by russia and the security council to block the resolution criticizing syria what information did syrian authorities give russia to support its position. we welcome the positions taken by russia and china and their use of the veto in the interests of syria and its people the information provided was just about the r

spain italy and british banks take a huge hit from increasingly worried investors. bring you today's top stories and a look back at the week's news here on r t what began as a.

the argument for stealing just from france and greece spain italy economy. today's news of the week's top stories on t. know what's drawn from wall street the anti-bank protesters harden their result as their movement grows nationwide and become difficult for the government to ignore the heavy handed police tactics against the rallies are seeing more people joining the protests. the u.s. led war in are gonna stand enters decade two with the white house dashing hopes of a total pullout franken cia and special forces are there to stay as this violence reaches a peak through two thousand and eleven looking to become the deadliest year yet. russia and china veto the un resolution on syria calling for political dialogue instead of tough sanctions on president also regime meanwhile the syrian government says the terrorist groups are active in the country and targeting military leaders and intellectuals. and a slew of fresh credit for credit rating content europe and spain italy and british francs take a huge blow from investors they're increasingly worried that gr

a slew of fresh credit rating cuts hit near about spain italy and british banks take a huge hit from increasingly worried investors. up next on our t.v. robert foster wraps up the question of how to fix the global economy literally that's coming up stay with us. i found a flaw in the model perceived as the critical structure of the songs of the world. ladies and gentlemen good to get into the two stooges it's a good book for examining the status of the human experiments he's sleeping with will it have to be a party with a stool procope says in this rap use or to expose the globe is allegedly trying to make sense of all global economy and it's on changelings us financial temple scenes of the priests and is clamoring to maintain our confidence in markets and banknotes arithmetics wants to be easing trade imbalances recession look at the nations close to collapsing in some time alone foreclosed homes of people such as belong to the failed aaa banks again feelable slicing is the us crashing is imminent having smashed the debt ceiling of fourteen trillion just like protests in clashes in

rating cuts hit europe spain italy and british banks take a huge hit from investors they're increasingly worried that greece is debt contagion may have spread too widely for bella to be affected. next hour as he takes you to explore a deeply spiritual part of siberia where the shaman still have the power to inspire . this is a place where people still believe in spirits and turn to shamans for advice. at the same time buddhism here is widely practiced most of the people here believe in miracles just as much as they do in the palace of science. this is a land where time seems to have come to a standstill. twenty six thousand square kilometers of mountains rivers and jim forests. humans are rare sight. there can ski district is situated in his southwest close to the border with. is one of russia's most spouse li populated areas. only five thousand people live in a valley overshadowed by the cyan mountains. most of them a soil their pneumatic ancestors settled here hundreds of years ago. there is just one road that leads to the far away region which is only commissioned in one nine hundred

a slew of pressure credit rating cuts in europe as spain italy and british banks take huge hits from increasingly nervous investors. eleven am in moscow i met treasure bring you today's top stories and a look back at the week's news here on r t what started as a citizen standoff against the big banks on wall street has grown into a nationwide rally in just a few weeks heavy handed police tactics against protesters in manhattan catapulted into the headlines and inspired more people in other cities to join marina portnoy reports campaigners are convinced this is just the start. of the collective voices of american dissent has manifested into a movement impossible to ignore occupy wall street began in the world's financial capital but this week protests have blazed through dozens of cities nation. why. in the big apple up to fifteen thousand americans flooded lower manhattan labor unions transport workers teachers nurses and u.s. veterans standing shoulder to shoulder with young activists spearheading a fight against us wealth inequality and corporate greed young people right now have n

a slew of fresh credit rating in europe as spain italy and.

europe's finances felt the chill of autumn this week with spain italy and british banks all having credit ratings chopped as the debt crisis whirls around them greece remains the centerpiece with the i.m.f. on voice of the country giving it all to made him to wrap up the cuts or face total collapse is dire outlook comes in the face of a growing investor and market uncertainty that markets certainty that a greek default is now inevitable something and not helped earlier this week by things admitting it's failed to reduce its deficit to the agreed level despite the relentless austerity drive that the nation is a part of me in tatters. the needs of the people are taking second place to big bank demands. syntagma square once again bearing witness clashes between riot police here is protesting so you go. back about. the right you know thank you larry and in fact i'm the pensions really be my thing as a police moved in to clear the crowds some shocking. one point the. protest is into the metro station many of the hit kicks by they supposed to be keeping control. but the message being sent by th

a slew of fresh credit rating cuts paid europe as spain italy and british banks take a huge hit from investors they're increasingly worried that greece's debt contagion may have spread too widely for ballots to be affected. russia and china veto the un resolute.

a slew of fresh credit rating cuts hit europe as spain italy and british banks take i.q. shit from investors increasingly worried that greece's debt contagion may have spread too widely for bail outs to be affected. and you farmers up next with sports stay with us here on our team. hello there you're watching the sport here in r.t.e. nice to have you company and they used other headlines world champion sebastian vettel does enough to retain his formula one crowns jenson button wins in japan. plus astride a knockout defending champion south africa to reach the semifinals of the rugby world cup. shows his mantle with a come from behind win over the dow to claim that your plan open title. but first the bastion battle has become the youngest formula one driver to win back to back world championships the twenty four year old finished third at the japan grand prix to claim the title with four races left vettel started on pole and needed to finish in the top ten to be crank champion the only man who could mathematically pip into the title was mclaren jenson button and even thoug

a slew of fresh credit rating cut state europe as spain italy and british banks take a huge hit from investors they're increasingly concerned that greece's debt contagion may have spread too far for bailouts to be affected. and sports stay with us here on r.t. . hello there thanks for watching the sports and they are the headlines back in charge of color to the skipper the all blacks against argentina in the world cup quarterfinals as a strike to take on defending champion south africa. on the brink of glory sebastian vettel needs just a point in japan. and we have the latest from tokyo. where andy murray is fighting for revenge against bogey man rafael nadal. following. the start with the rugby world cup are taking on defending champion south africa in the quarter finals in south africa have come from behind to lead by nine. leading by eleven points to nine off to south africa had come from behind to lead the wallabies are ahead after a try for. the full time whistle fast approaching in that game. while the winner of that game will play the winner of the other quarter final between

europe spain italy and british banks take a huge hit from investors they're increasingly nervous that greece's debt contagion may have spread too widely for balance to be affected. up next on our t. part one of a special report on americans trying to take back control of the media they say is in the pocket of big business stay with us. one just from. the san antonio ways can try. to. keep the crowd. i'm not. the only piece here. in. our story begins during the great depression times were hard and broadcasting was brand new it seemed like a miracle. i'll see our friends get it into the queue behind your radio dial however wherever you may be to radio brought entertainment and sports and news of the world right into our own homes in just broadcasting retained faith it was hope. in that spirit our government made policies to make sure the media protects the public i'm simply airwaves are considered public property the federal communications commission the struggle for the responsibility of protecting the people from the f.c.c. decided broadcasters needed to be licensed at the licenses we

a slew of fresh credit rating cots hit europe as spain italy and british banks thank you huge quote from investors they're increasingly worried that greece's debt payson may have spread too widely the ballots to be. well let's catch up now on the weekend sports andrew farmer joins us from the cat and the semifinal lineup been decided at the rugby world cup that's right off of france as well as when three s that i missed the turn of the southern hemisphere sides the battle for a place in the last poll today all of the details on not us and a story unfold we know one morning mike. hello there thanks for watching the sport and this is what is coming up world champion sebastian vettel does enough to retain his formula one kranz jenson button wins in japan. last astray and knock out defending champion south africa to reach the semifinals of the rugby world cup. shows his mettle with a come from behind win over no doubt to claim that japan in the title. but first a bastion vettel has become the youngest formula one driver to win back to back world championships the twenty four year old finishe

a slew of fresh credit rating cuts hit in europe as spain italy and british banks take a huge hit from investors they're increasingly worried that greece's debt contagion may have spread to ride lead or ballots to be that. russia and china vetoed the u.n. resolution on syria calling for a political dialogue instead of tough sanctions on president assad's regime meanwhile the syrian government says terrorist groups are active in the country and targeting military leaders and intellectual. up next the view from inside syria from someone who has the president's ear r.t. speaks with his political and press advisor about the beleaguered country situation . are there this is the third time that the security council has failed to adopt a resolution criticizing syria as russia and china use their powers of veto joining us today to discuss this and the general situation in the country is political and media advisor to syria's president talked about spain a shotgun mr van gaal can tell program party is that the position taken by russia and there's a curator council to blog the resolution critici

we publish the fact that to spain, italy, greece, ireland and portugal, itit's $15 billio net, 62% ofhat is to large corporations in that part of europe. so we're comfortable with where we are in terms of our exposures. i think the worry about europe is if the euro zone does really get in trouble and they trip themselves into another recessssion, the possibility th that recession could extend itself to the united state-- if we have a recession in the united states, that's when you start worrying about credit issues and whatnot. but our exposure strictly to europe we think is very manageable. we want to stay engaged. europe is a very important market for us. we're comfortable with our exposures. i think it would be more a global economic scenario that we'd get concerned about, not just europe. >> let move on to the consumer right now. lending has been out there. a lot of people wondering how much the sector is lending. of course, i know that its significance here at jpmorgan. what are you seeing in terms of the consumer right now, the credit wou creditworthiness? >> we're worried about

and a slew of press credit rating cost him europe as spain italy and british banks take a huge hit from the increasingly worried investors. who are most come to the weekly here in our to this sunday on the new snow with the latest stories from around the world and a look back at the very top stories from this week but what began as a citizen standoff against the big banks on wall street has grown into a nationwide rally of just a couple of weeks ahead of police tactics against the protesters in manhattan catapulted into the have gone and inspired people in other cities to join in and as our season apart i reports campaigners are convinced this is just the start. of the collective voices of american dissent has manifested into a movement impossible to ignore occupy wall street began in the world's financial capital but this week. protests have blazed through dozens of cities nationwide. in the big apple up to fifteen thousand americans flooded lower manhattan labor unions transport workers teachers nurses and u.s. veterans standing shoulder to shoulder with young activists spearheading a

europe's finance has felt the chill of autumn this week with spain italy and british banks all having their credit ratings chopped is the. world around them greece remains the centerpiece with the voice of the country giving an ultimatum wrap up the cuts or face total collapse the dire comes in the face of growing investor and market certainty that a greek default is now inevitable something and not helped earlier this week by admitting its failed to reduce its deficit to the agreeable level despite the. drive that's left the nation's economy in tatters as our case our first reports the needs of the people are taking a back seat to the big bank and now. syntagma square once again ok clashes between riot police here is protesting so we go. back about. the right. to larry. and the pensions really be my thing as the police moved in to clear the crowds some shocking. one point the. protest is into the metro station many other hit by they supposed to be keeping control. but the message being sent by the government is one of repression and fear . seems like this is very serious questions ab

this week with spain italy and british banks having all their credit ratings charged as a crisis continues to swirl around greece remains the centerpiece we are not on board a country giving it all to medium rare cards or face total collapse the dire comes in the face of growing investor and market certainty that greek default is now inevitable something not help. failed to do serious deficit to the agreed this. nation's economy in tatters as artists are of course the fourth of the people are taking a back seat to the big banks and their. anger in syntagma square once again bearing witness to clashes between riot police here is protesting. but. you know. i mean she's really been writing as the police moved in to clear the crowds some shocking things one point the police chasing playtest is into the station many others hit and kicks by they supposed to be keeping control of the message being sent by the government as one from christian and fear. scenes like this are very serious questions about the level of fools being used. is a forty three year old journalist he's reported from many confl

europe's finances felt the chill of autumn this week with spain italy and several british banks all having their credit ratings chopped is the debt crisis whirls around them greece remains stuck in the middle with the void of the country giving an ultimatum cuts or face total collapse the dire times in the face of growing investor and market certainty that agree default is now inevitable something i'm not helping earlier this week meeting it's failed to reduce its deficit. despite the relentless austerity drive that's what the nation's economy in tatters. reports the needs of the people are taking a back seat to the demands of the banks. syntagma square once again. clashes between police here is protesting so i don't think that the background here is. the right deal for larry and in fact i'm attention's really been my thing as the police moved in to clear the crowds some shocking thing one point the. protest is into the metro station many hit by they supposed to be keeping control. but the message being sent by the government is one of repression and fear. seems like this is very serious q

europe's finances felt the chill of autumn this week with spain italy and british banks all having their credit ratings chopped as the crisis swirls around them greece remains the centerpiece where the i.m.f. and boy to the country giving it all to made them to ramp up the cards face total collapse. comes in the face of growing investor and market certainty that a greek default is now inevitable something not helped earlier this week by up and admitting it's failed to reduce its deficit level quite the reverse austerity drive that's left the nation's economy in tatters and disarm furthermore the needs of the people are taking second place big bank demands. anger in athens syntagma square once again bearing witness ok clashes between what police and furious protest is so we go to take that back right here in. the right thank you for larry. and the pensions really be my thing as a police moved in to clear the crowds some shocking scenes one point the police chasing protesters into the metro station many others hit by they supposed to be keeping control. but the message being sent by the go

europe's finances felt the chill of autumn this week with spain italy and british banks all having credit ratings chalked as the used crisis whirls around greece remains the centerpiece but the i.m.f. saw on boy the country giving it all to made them to wrap up the cuts or freeze total collapse is dire outcomes in the face of a growing investor and market certainty that markets certainty that agree is now inevitable something and not help the earlier this week by admitting it's failed to reduce its deficit to the agreed level despite the relentless austerity drive that's the nation's economy in tatters sorry for reports the needs of the people are taking second place to beat back the man. once again. clashes between riot police here is protesting. back around here and. the right heel for larry in fact i'm extensions really be my thing as the police moved in to clear the crowds some shocking thing but one point the police chasing playtest is into the metro station many others hit and kicked by they supposed to be keeping control of the message being sent by the government as one of three c

don't follow the rules but then you create a system it risk and this is to make greece portugal spain italy then but now the confusion about. greece. and italy and portugal the situation the domestic situation of the nature of the crises the greek crisis and the nature of this situation in italy are part of a radically different then probably there is no real macro economic or reason to have this done in a crisis and and that's why it's very important that the political decision will really. confirm or give trust to the market that we solve greece we solved the government issue of. the federation of europe if we can say so and there would be no way to confuse the greek situation with the there it is the irish of particular this is good news but. the good news i would like to hear for russia from my country is will the ripples of the european debt crisis reach emerging markets like including russia. that's an important issue i think again we are also in historical times because now we are moving to a military polar global organization and the g twenty prefigure this milty poor organisation a

and a slew of fresh credit for credit rating coxhead euro spain italy and british banks take a huge blow from investors creasing the worry that greece's debt tejan may have spread too widely ballots to be a factor. next on our t.v. in the first part of our special report palestinians tell us in their own words how they're being violently forced out by jewish settlers from a town that's been their home for centuries. of our fear us. there are five hundred of them surrounded by a hundred and twenty thousand very very hostile most of. the settlers in hebron illegally being there. what's wrong with truth living room was that illegal this is our land and the arabs know that they have made good on that medina this is a holy city and we're going to stay there. so there is no place on the occupation that they hate more than before because in one you get really patient in its most brutal cool world and saints khorasan the expression it is really the place of evil. you know since the settlers arrived in one thousand eighty two we have lived on opposite sides of the road a second holy and once we c

, spain, portugal and great britain. italy's communist party was exploiting economic discontent to try and maneuver its way into a coalition government. britain's government meanwhile, had warned washington that it was on the verge of running out of cash. if the imf turned down its appeal for another loan, said the prime minister, he would have to implement an austerity program so harsh there would be riots in the streets of london. the governments of spain and portugal were effectively broke, and in danger of being ousted by extremists. said president ford to the ambassador, the situation is very serious. in increase in oil price adds to the danger of a financial crisis. failure in government, even to endanger and military crisis. this is in the context of the cold war. how did things get so bad that in december 1976 president of the united states had to appeal to the ambassador of a developing country to help save u.s. and western economies and banks from a financial meltdown? well, it turns out the united states economy had b

restructuring or a default solidarity given think we should worry about bigger countries such as spain and italy. they can tag and from greece is not is not is not prevent them from civilian for spain and italy and i think will will be facing the real problem i don't think it's to lead now i think it's still a number of things that can be done in europe but i think judging by previous acts of politicians we should be worth it you mention new economic policy that we may expect from the new government in russia. putin i have a quote here also mentioned that the new government a quote will have to take unpopular steps to deal with the global financial turmoil and quote so so so put in this what is i know i will not all go love to be private and through with you when you have been to take part in the steps one of the need i think i think you mean something that mr putin has mentioned many times. you just called it americans living beyond their means to russians on paper at least we've been there means we do have a budget deficit but it's limited also have very little that and we have an easier fine

spreading now, not just, you know, the usual suspects, greece, portugal and ire happened but to spain, to italy and very recently to france. so it's not contained any more. it's starting to spread and the contagion, if you will, is starting to worry a lot of analysts. >> and you included, here. exactly how bad could the damage be if the solution we hear on sunday or even the middle of next week isn't large enough? >> well, certainly the armageddon scenario, the lehman moment for europe could involve a very deep recession, a freezing up of their banking system, and at which could be just pretty horrific. so europe could go through a true second dip, something along the same leans as it did three years ago. very deep recession. as i said which could probably drag the u.s. back into a recession again. that is the double double dip scenario for the u.s. as well. >> what are the signs that you are looking for late sunday night to let you know if the european finance officials have a big enough solution. >> well, the key here is are they going to mostly through some kind of leveraging mechanism turn

that americans are trying to take back their power scope we are across europe we are in greece and spain italy and the u.k. it in ireland and other countries the arab spring. but it certainly is for instance spain in committed to marry in the last ones. but now this is a route that he assures wall street everybody knows that the fakers are bad guys who are too big to fail banks should meet this these people keep coming out in seven hundred would use the rest of it will be more in the streets they know a lot of peace to rome but the core issue was the power of money for everyone controls the power of money a supreme power that controls everything controls war and peace controls everything going on in the corporate world the big fears of wall street and the power of money literally go almost erik's runs a government j.p. morgan chase basically america but they were only government this asked to stop. sara flounders from activist group international action center says the u.s. is preaching democracy around the world while forgetting about the rights of its own citizens at home. this is really a p

a slew of fresh credit rating cuts hit in europe as spain italy and british banks taking huge hit from investors and they're increasingly worried that greece's debt contagion may have spread too widely for belts to be affected. more coming your way in a half an hour this after the second part of a special report on the u.s. airways stay with us. brooks jackson leads the pack tech team for the anybody school of communications the revealed misleading political ads coming from republicans and democrats alike just let me show you a few examples. well the obama. effect is that according to play it shut down because it made old fashioned cathode ray tube t.v. to us that are being replaced by flat screen technology not john mccain's for. this mccain aide as part of a pattern. for obama's actually proposing is a tax cut for most of us eighty percent probably and a tax increase only for families making over two hundred fifty thousand dollars a year. actually we call this a pattern of misrepresentation a pattern of deceit which is something we don't often say jackson says fact checking by news o

restructure in a default solidarity given think we should worry about bigger countries such as spain and italy and eve. they can tag and from greece is not is not is not prevent them from spreading to spain and italy and then i think will will be facing the real problem i don't think it's too late now i think there are still a number of things that can be done in europe but i think judging by previous acts of politicians we should be worried human to new economic policy that we may expect from the new government in russia. putin i have a quote here also mentioned that the new government a quote will have to take unpopular steps to deal with the global financial tormato end quote so said so put into storage and i will i will not all know a lot of good before i live with you then your problem is that we'll have to take the popular steps what does he mean by this i think i think you mean something that . was mentioned many times. you just called it americans living beyond their means russians on paper live within their means we do have a budget deficit but it's limited also have very little that