behind a series of explosions at a power plant in the north caucasus. wall street is slapped with the biggest financial reforms in decades but some economists say the bill isn't watered down version that's why you're off the mark. and an arab man convicted of rape by deception for having consensual sex with a jewish woman in israel says the ruling highlights racism in the country. eleven am in moscow your with artsy thirteen alleged neo nazis are going on trial in moscow correspondent brings us the details from the russian capital. the thirteen alleged neo nazis are being charged with committing twenty seven murders due to racial hatred two for terrorist attacks participating in

a legal extremists network and inciting racial hatred now all the men are in their early twenty's and according to the f.s.b. when they attempted to arrest them a year ago the defendants turned their nature upon agents having a bloody arm to resist it moving several officers killing between then and now the main continuously trying to have their case heard before a jury but failed and said instead their case is closed to the public and to the media and a judge will decide their fate if they are found guilty they could face life in prison the driving force its power and all russia free of anybody who is not ethnically russian and they've gone about the several mention that they guys are facing charges for being members of any legal extremist network that network this call the national socialist society and the goal is to have a russia that is cruelly for russians of ethnic descent and they're doing this and

several ways they're doing it with the violence attacking people who don't look like they belong in their eyes but they're also doing it through that group's political arm many of their candidates have run and regional race that tried to get elected and that has some activists wondering who is funding this group that's supposed to be legal are these people power for ages as these critics a suspected if so they want them exposed and they want them to face justice they have arrested more of these people and more of these alleged to have had their cases taken to court the still makes some people background worried because they say that there's still a fear that just because you is to to the law it doesn't mean that the violence will stop even though they have seen a decrease and. also you have the like i said the nontraditional ways of fighting this problem you have. seized and antinea nazis essentially gauged in underground

wars where they assassinate each other's leaders but you have the supporters i mean the nazi group say you come at us that whatever direction you want we're going to stay and we're going to fight how all russia free of ethnic russians i spoke to the wife of a bomber who killed fourteen people in a terrorist attack in moscow and she supports him and she supports the movement and here's more of what she had to tell me. this self professed and deeply religious woman is full of hate hate for those who are different hate for immigrants she accuses of occupying disrespecting and contaminating her nation russians she insists are fighting a race war motivated by love of books. love for went home went and i would nation love. people families where people don't just date and then break up but rather they get married in church they don't practice abortions don't support interest

make marriages. who are ethnically mixed communities and what are your thoughts about me i'm not russian i'm african american i'm here are you upset that your government gave me a visa what are your thoughts on that. i believe everyone should live in their own homeland where they belong. armed with this belief and inspired by races blocking her husband. and two fellow students. market in two thousand and six they targeted because of the number of traders that come from central asia and china the blast killed fourteen attacks against looking people are often brutal and in cases like yours kosky market they are deadly the deeds of angry mobs pummeling outnumber victims all recorded by racist and then posted on nationalist websites. activists call the situation out of control when a local nonprofit crime watchdog group acknowledges it is slowly getting better let

you know what needs to started seizing the most odious groups that had been involved in systematic violence and terrorism during the last two years the largest formations in moscow were dispelled and the key activists and murderers detained. she says one thousand people have been killed due to hate crimes in two thousand and ten that's down from fifty for the same time period last year but that map does little to satisfy maggots who feel suffer lions is better than police protection is supposed. to learn the crowds of people take care of their own safety. comes into action after a crime is committed. as for veronica her husband is serving a life sentence for actions neither of them regrets and for a cause they both support but she did so show some sadness when she spoke to me about her always situation she says she and her husband aren't able to have children because she can't see him due to his life sentence that's something that

the thirteen in the moscow trials here could face if they're convicted. that was are two states of events reporting from moscow and russian media is reporting that a local militant leader could be behind the storming of the books on hydro plant in the north caucasus it is said that members of cars back to schoo of gang have been identified by employees of the station as the attackers a manhunt is underway criminal case has been launched in five areas including seven taj as he explains how events unfolded at the scene of the attack. this is the hydroelectric plan that the militants stormed wednesday morning police say that the gunman killed two security guards and easily entered the control room there is allegedly they tied up . and tortured them with knives trying to. cation all the control switches to work is injured after that police say the criminals. generators room and laid warms

them the blasts the two may to destroy it two or three generators and one bomb was defused by police who arrived at the site later this is the first ever attack on russia's energy infrastructure the country's most wanted terrorist maarouf threatened to carry out such attacks in the past he claimed responsibility for the most go metro bombings in march two lives of forty people although i do know both goddesses less violence than other nearby north caucasus regions such as . and. it was decided on fees in two of the two thousand and five backbend dozens of militants stormed the capital city of. attacking police and government officers more than one hundred forty people died including ninety two militants the north caucasus region is seen as one of the most volatile places not

only in russia but in the world forces across the region are on permanent standby to prevent further attacks or warning they're now on the way here in r t forbidden law. lation as you know are in the spotlight as an arab man face eighteen month jail for allegedly tricking jewish woman to bad. and u.s. president barack obama has signed into law the biggest financial overhaul since the great depression the main goal was to prevent. and no other economic crisis the bill restricts banks from making risky bets and provides more transparency and new consumer protection agency is to be set up and the government will have the right to seize control of struggling banks republicans have opposed the changes and asked for modifications and some experts are now doubting effectiveness of the overhaul saying it's watered down version of the republic. this is

a weak bill it makes major exemptions it does not even replace what was on done in the years after the great depression and it leaves all of the real bite of what might happen in the hands of regulators who are given an enormous amount of discretion even though everybody knows that those regulators will come under the pressure of the very banks they're supposed to control and so i would not agree that this is a very sweeping legislation i think this is a victory for the banking sector they are very happy that much less was done then even some of their more open minded people thought would be right but what we've really seen here is the power of the financial community to to cause a crisis to be bailed out at public expense and then with a horrible ira need to use some of the money they got as a bailout to make sure that there wouldn't be the kind of reform and regulation that would really prevent this again so my guess is that after

a little bit of fear about how there's all this regulation and reforms this will fade out of everyone's memory and we will unfortunately very much go back to business as usual with the democrats claiming they made a reform the republicans brushing it off and ignoring it and that will be the end of the story and that is a tragedy because we will have not learned the lesson of something that almost collapsed our entire economy and the world economy with it. mike norman chief economist from the broker dealer john tell us financial says the bill will help stabilize the american economy and that critics are simply trying to scare the public to this argument that it's going to limit credit i mean i think that's more or less a scare tactic a political ploy that's being put out there to get the public fearful but here's the thing if it leaves to a more stable investing environment if it leads to

a damn thing down that says speculation and volatility in the markets that should also lead to better economic conditions more investment and more job growth and look if people have jobs because that's really the bottom line issue right now in this economy if this leads to a more stable financial climate people who earn higher incomes the reliance upon credit may not be as high you know you might lose a little bit off or one side you might not get your free checking but look if it results in a more stable environment i think everybody comes out of this more you know happier . that was chief economist mike norman giving his view on the wall street reforms. and an arab man has to appeal his conviction of rape by deception in israel after having consensual sex with a woman who thought he was a fellow jew some barca sure who denies pretending to be jewish was sentenced to eighteen months in jail but as our policy reports even couples who knowingly choose

to enter into an interface relationship are ostracized. this jewish jerusalem suburb is surrounded by arab neighborhoods and far from cultivating a culture of tolerance vigilante style jewish patrol groups calling themselves fire for judaism stand watch outside the local shopping mall their mission to prevent arab men mixing with local jewish girls the municipality has created a twenty four hour hotline where parents and friends can phone to rat on jewish schools breaking this to boot a specially trained team of counselors and psychologists is on standby to rescue them publish more. it's important to save our traditions culture history and identity because without this who are we through thanks erin so you can see that the chances for a healthy relationship between really jewish woman and an arab man very very low is because of the great differences between these two cultures share up at any of the

most recent case involves an arab man who posed as a jewish bachelor a jewish woman agreed to have sex with him but after she found out he was an arab and not a jew she filed a police complaint the courts took the case so seriously that he's now being convicted of rape by deception and sentenced to eighteen months in prison the judge said he had an obligation to protect the public funds of the state of criminals who could no innocent victims but reactions to the verdict differ i think if the women want to do it it's torrid blog a lot different it's our belief or more or because something like this usually do is girls don't know where their guys. unless it's a choice you know. there should be a choice they didn't leave a choice but in prison is too much and this is the way that this is going to pick these ruining our present that we cannot have relationships that we cannot be just as human beings arabs make up a foot of israel's population but relationships between arabs and jews are rare

former palestinian minister. says fights break out almost weekly and night clubs and other puppy. places over the issue it's not religion he says it's racism there are jewish gangsters which are against. the relations between george. bush. and hunting jewish. guys and threatened and forced them to break. in the two years romney who are here and kitty been touched or have been together they've never been physically threatened he's muslim she's jewish but they're not thinking about leaving israel because they say it's simply too difficult on other levels and when my family found out they were very adamant about cutting me off on every level. for acting as

a traitor to everybody and for being in israel and in making that choice right now israeli parliamentarians are considering a new it will require prospective israeli citizens to kid loyalty to israel as a jewish democratic state i would be israelis are furious most refused to swear allegiance to a state they believe explicitly excludes and marginalizes them. r.t. jeff. now breakthroughs in treating aids have been attracting much attention at an international conference on the disease in the area but activists have also been trying to highlight the need for universal access to treatment campaigners continue to protest demanding more rides for those h.i.v. complaint has been launched dance the west at the united nations on behalf of nineteen organizations that claim president obama's policies favor multinational pharmaceutical companies and make treatment more expensive obama said to be hurt by the accusations. north korea has condemned the u.s.

and south korea for this weekend's joint military exercises saying they pose a security risk to the peninsula young here. also criticize washington's decision to impose further sanctions on the country to help prevent nuclear proliferation secretary of state hillary clinton and the new measures during a visit to seoul on wednesday tensions heightened afterwards the sinking of a south korean warship in march which an international report concluded gang was responsible for an execution. to brand the u.s. the u.s. senate has passed a bill to help america's jobless they voted to restore state handouts to millions of americans who have been out of work for over half a year benefits had lapsed at the end of may with democrats and republicans deeply divided on the issue the move will cost thirty four billion dollars. officials in chad of south sudanese president omar al bashir will not be arrested during his

visit to the african country and the international criminal court is calling for bashir is attention on charges of genocide and war crimes committed during the conflict in darfur its first visit to a country which recognizes the i.c.c. since his indictment last year sure denies the charges. the international monetary fund says it will cancel the debt haiti accumulated in the wake of january's dems to earthquakes the plan to write off the two hundred million dollars owed as part of a strategy to help rebuild the island the i.m.f. is also going to lend more money for the reconstruction but disaster claimed over two hundred thirty thousand lives destroyed the country's infrastructure. southern china is bracing for its second typhoon in a week as the country continues to battle its worst wasn't a worry decade typhoon chan two was upgraded from a tropical storm after gathering strength over the south china sea shipping between iran and the mainland has already been suspended and dozens of flights canceled

more than seven hundred people have died since the start of the year as a result of. rental rains in southern and central china. the international court of justice is set to decide whether possibles declaration of a panels from serbia in two thousand and eight was legal while sixty nine countries have recognized possible as an independent state which serves living there still refute and tensions remain high between the communities ninety percent of possible citizens are ethical binion's the hill laterally declared independence from serbia and sabu were two thousand and eight after un brokered negotiations failed political expert on the balkans we should not be law which thinks that's the case as a board so that legal justice still exists. but is a bit a little bit. against the powers that talk out on plea and i have made this session from and from the federal republic of yugoslavia are possible but if

the international court of justice request with as you to the bill and we have all these countries still sticking with the. recognition of the situation i'm talking about most of the european union countries and above all the united states and then it will mean might is right it means very serious situation which we are not in a position to resolve international issues legally. now i was political experts on the balkans. now we're online for you twenty four hours a day with many more stories and videos so let's take a quick look at what's in r.t. dot com right now. and. some must have eyes are getting their thrills from activity even more dangerous than bungee jumping log on to our website to see more of this latest right.

also find out why money is making one british one miserable and. one as russia experiences its hottest summer in here as we report on what's top of the wish list of those left sweltering and where to find it. and it's time now for a business of days with stephanie don't go away. hello and welcome to the business but it's an. investment bank no more international has been highlighting the growth potential of a much in markets managing director victor spend leaves there has been apartment shift and the global economic order it is a permanent big coupling between developed markets and emerging markets although

one has to say that not all emerging markets are made equal russia is still very much an option on a shallow writing or d. accelerating economic recovery and commodity prices while some markets like turkey are much more of a structural story. petrol prices in russia are expected to jump by up to twenty percent in the next three years and new taxes are to blame among the new duties the state plans to hike petrol excise by a rouble and the to every year don't you thousand and eleven an interview with r t the deputy finance minister told drivers to get ready. but if you're putting up the decision has not yet been approved by the president but still i'm sure most likely we will have to increase. and that will lead to growing prices and cancel the transport tax that we have at the moment will give additional financial resources that we can transfer to the development of the country's road system. the federal

reserve chief ben bernanke said on wednesday that the outlook for the u.s. economy was unusually uncertain feeling investor fears about the speed of global economic recovery but one k. added that unemployment will remain a key concern in the coming days and finding jobs for those unemployed will be a challenge but the fed chief also said that the that most federal open market committee participants expect g.d.p. to grow three percent in two thousand and ten and three and a half percent in two thousand and eleven and two thousand and twelve. the economic expansion that began in the middle of last year is proceeding at a moderate pace supported by stimulative monetary and fiscal policies however the housing market remains weak with the overhearing a very good or foreclosed houses where you know the home prices construction. and if we now turn to the equity markets asian stocks are trading mixed following weakness on wall street where stocks declined in response to those comments from bernanke a asian markets also reacted negatively on opening the nikkei shed more than half

a percent a strong began has hit x. water stocks that as investors buy into the safe haven japanese currency but in hong kong the hang seng has recovered slightly just touching into the black this hour. here in moscow markets i continue. that downward trend seen in global equities the r.t.s. in the my six shopping around half a percent so far last telecom is the only blue chip even touching into the black on the my sex energy and bank names are dragging is the worst performing the chips so far down one point three percent this hour. says if new cars in russia take to great fifteen percent this year according to a constant speed w.c. the company says the cash for clunkers program drives the sector's rise but it's unclear what will happen when the scheme ends that pull reports. russians are once again getting in line to buy new cars to wait to get behind the wheel of a mist sadie's up to three months and if it's

a new russian built do you want well that could take as long as one for year in some regions so far overall sales are up three percent in the first half of this year however the market remains segregated with the most expensive and the cheapest models shifting quickest luxury cars are doing quite well in the city has been topping it out of a. drug i noticed form and so it means that people have got my store competitive and with them the policy comes. it's the segment in the middle that i was talking about middle class calls accomplishes by vote. for general motors that segment for that the middle class is is still struggling some more sales a russian lot as a result twenty percent this year price waterhouse coopers says the main driver has been the cash for clunkers program which has been more successful than expected it's clearly been very effective the question is how long the program will last and whether there will be any modifications to the program at the moment it's aimed at

the cheapest cars and the market it's possible that the program could be modified to target say the new modern cars that have been produced by russian producers in alliance with the farm promise the cash for clunkers program together with higher import duties on foreign calls a boost to the share of domestic manufacturers in the russian market to sixty four percent this year p w c believes the russian water market still has tremendous potential for growth at the moment for every one thousand people there are two hundred thirty five because more developed markets the figure is two or three. times greater. business of. manchester united football club is the most valuable franchise in sports that's according to forbes magazine the english premier league giant topped a list of the world's most valuable teams compiled by the business john forbes estimated manchester united to be worth one point eight four billion dollars but the national football league's dallas cowboys in second place up one point six five

billion dollars but even so much so united county has around one billion dollars worth of debt and that so the business use for now but of course i'll be back with more updates for you next hour see that. wealthy british style. that's not on the tires on.

their. markets why not. come to. find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune into cars a report on our. if. sung from phones to impressions. from stunts on t.v. .

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