Wall Street, Main Obstacle To US Recovery

An analyst says the US economy moves closer to collapse as Obama's sequesters the US budget rather than targeting Wall Street.

In the background of this with only hours left before harsh spending cuts kick in to the US economy on March 1, both Democrats and Republicans were still haggling as they failed to agree on several aspects of the proposed 85 billion dollars in cuts known as 'sequester'. Democrats have been pushing for a tax on the wealthiest while Republicans were balking at this trying to influence direction of cuts towards government services. Both parties disagree about the potential severity of damage on public services.

Press TV has interviewed Edward Spannaus, Editor of the Executive Intelligence Review, Washington about this issue.

Peter Schiff: Wall Street's Rising Back Thanks To The Taxpayers

As the US economy continues to struggle, Wall Street is recovering quite nicely. Back in 2008 the markets crashed and taxpayers were used to prop up the private financial sector. But according to the numbers, 2012 has become the second best year for profits for many key financial institutions. Many are now wondering if the banks should be forced to pay back the tax payers. Peter Schiff, president of Euro Pacific Capital, joins RT's Liz Wahl to discuss.

Russia Meteorite: Zinc Factory Wall Damaged, Windows Blown Out

Reportedly at least one piece of the fallen meteorite caused damage on the ground in Chelyabinsk. According to reports, it crashed into a wall near a zinc factory, disrupting the city's Internet and mobile service. Witnesses said the explosion was so loud that it seemed like an earthquake and thunder had struck at the same time, and that there were huge trails of smoke across the sky. MORE INFO & PHOTOS: http://on.rt.com/qn2v57

Israel Plan To Wall Off West Bank Land Defied

A court in Israel is due to hear final arguments on the construction of a separation wall in a pristine valley in the West Bank. Lawyers representing Palestinian landowners and a convent say if the wall is built they will lose their land and the convent will be surrounded. Al Jazeera's Nicole Johnston reports from the Cremisan Valley in the Occupied West Bank.

Wall St. Bonus Bonanza Must End Or Banksters Will Wreck Economy

How to make a million dollars an hour? RT talks to Les Leopold - an author of a book exposing Wall Street's super-profitable schemes.