it's press secretary it was even the time to think about what he would do next russian president fired old school for remotely being in a work trip to china and according to the president's press secretary even if it is not planning to meet with the former mayor to discuss the details of these resignations now. when he when the news came in in the city hold the call it is still their version of the moscow mayor say that they were quite surprised by this announcement but it's muscovites we're not surprised because there has been a number of speculations about this in the russian media recently and muscovites have been waiting for this decision to be made if not for the past eighteen years all feaster and at least for the past couple of years and here's why. the constant feature of the moscow mayor his legendary cap has been the subject of amusement throughout his eighteen years in power selling his custom made silver capped it's an auction of kindly granted a moscow nursery home the one million u.s.

dollars it raised his mayorship meanwhile needs more than just one cap to cover the bald spots of his career he started making his fortune on the economic crisis of the late ninety's rumors of money laundering have haunted many of his multi-million dollar construction projects across the capital there's lots of problems in the situation namely but there is no affordable housing. provides there is a problem of people cheated by the construction pyramids used to and others have to be dealt with before any question about future employment of the mill or to be discussed while the country was losing money during the recent economic downturn in two thousand and nine income increased however the mayor claims it's not his money but he's wife's feet in the tuna is russia's only see male billionaire she was a property development company and many claim it's political. clout that will enter

the deals both in washington abroad is known three strong anti-gay stands never authorizing and even cracking down on gay pride parades now sure parts of our society with healthy morals do not except by most they just don't accept that you're going to go for the last summer may blame him for mishandling the severe smoke situation in the city on talks of smoke for almost a month as wildfires rage while he was on vacation out of the city. this it's one of course every specialist should be responsible for what they are interested with you said up with him if for example the mayor of moscow bank from early days thought of next day after the small theater has dissolved which was the case this time and i think it is unacceptable he should have been here after the small looks like school has been concentrating a lot on his house rather than that of the city's residents and if. i don't drink maybe i'm missing out on something but for more than thirty years i haven't had

a drop in the money that the russian government caves to improve infrastructure rarely make it to the ramshackle roads of moscow he's also been criticised over the deconstruction of the city's historical and architectural heritage after his long grown cost footprint we'll see on the streets of the russian capital and then to go artsy. after serious talks and deals in beijing russian president dmitry medvedev as wrapping up his visit to china on the third day of his trip is in shanghai to check out the russian and chinese offerings at the world expo and he said now it joins us live from war. now to a to rid of error has hailed his visit a success what has been going on today in shanghai. well today is all about innovation and the future and what better place to do that but at the shanghai expo twenty ten to me is made to open the day of russia giving

a speech he also held a bilateral meeting with the seed thing paying who is the deputy chair of president hu jintao also thought to be the most likely candidate to take over in twenty twelve for many people saying this is kind of a ground laying meeting a way to connect ties with the person that might be leaving china in a couple of years to come well the two are going to tour the chinese and russian put billions they're said to be the favorites this time around they have the most impressive stands the lines for those to prevail humans are said to be the longest what's on display in the russian billion while russia's top tech and energy companies including off nano which obviously is the nano technology corporation and that's part of a bigger project which is plans to build a silicon valley like tech village just outside moscow to bring together the greatest russian minds to work on future innovations and now we're also hearing that president medvedev is just about to tour the russian billion we don't exactly

know what he is going to think of it designers and organizers are very confident that he is going to like what he sees and this of course is all part of a much bigger picture and that are the president's plans to rapidly push forward russian modernization. when you. know this exhibition is unique chance to speed up the modernization of our economies and institutes and of its development is certainly the choices for country who are following this path and will do everything for economy to modernize change and adapt to modern life. as it is. but the president has been here for a couple of hours now like i said we're still way. to see what he has to say about the russian who million but we are hearing that it is expected he will very much like what he's going to see. all right and he said thank you very much

indeed for the sub date from shanghai. and we have lots more coming your way on our team clothing something out of this world. witnesses have described these crowds this disc shaped or cylindrical shape. these men think aliens inside those crafts have the power to gain control over nuclear warheads. in time north korea's leader kim yong nail may name his successor within hours as the country's ruling workers' party gathers for its biggest convention in decades ahead of the key meeting kim yarnell has promoted his youngest son kim yong known to the rank of general which is seen as the first step of a power transition now official announcements were made concerning the move has been shrouded in mystery katrina's are reports that is common in north korea. in the twenty first century everything is global and all kinds of information is

available online but there remains a spot of mystery in the worldwide web and that is north korea not many are privy trade secrets like the rest of my colleague alex you know chefs he was one of the few to visit the place and hopefully will share his impressions a alex so tell me you were in for a gang what's it like what's your biggest impression be honest with you when i was going there i felt a little nervous having read all the stories about north korea in the west media that it's a scary place it's always a different sort of scary things when i arrived there i thought it was nothing like that but the one thing we should rescue the most of the first days of the first hours being in your yard i saw a building on the other side of the road from my hotel it had no curtains on the windows and i asked one of the of our sisters why is it like that he said well if you have curtains in north korea means you have something to hide so i got the impression that this society is open to its own government whilst its government is closed to the rest of the world it means the societies close to the world as well

world attention is turned on north korea for the first workers party now. in thirty years there are rumors of imminent change but that according to those in the know is premature. i don't think we should expect any dramatic changes right away because power in north korea is built on the principles of succession and continuity kim jong il became a leader first and foremost thanks to his image of a true follower of his father's legacy ideas and not as some distort of the foundations or as the person to lead the country's policy into a sharp turn so obviously the same is going to apply to kim jong il's successor. north korea's nuclear ambitions troubled the west and the secretive states tightlipped policies and everything has been successfully used as a tool by countries such as the united states. the united states in particular need a bad guy in the region to justify their military presence in the southern part of the korean peninsula and japan and for deploying their missile defense systems

there which they've done somewhat more actively than in europe until now the us and allied military presence in the region was justified by the soviet threat but it's been twenty years without a soviet threat however the united states is not going to give up military alliances established during the cold war and now it is very convenient to have a bad guy in pyongyang that can be used as a scapegoat for everything. to north korea the soviet union was the very opposite of a threat especially in the korean war of the early one nine hundred fifty s. the u.s.s.r. came to see as many socialist states and just possible was happy to. against u.n. troops but the veterans of those battles only recently got the chance to talk about their memories for them it was yet another war that didn't exist. i was there for a year in the home and when we came back we couldn't talk about it we couldn't even hint. those that died were buried and the notes to their families would read killed

in the course of duty where when how but was not open for discussion it was hard but it was tough with their of course so many seven out of seventy eight green cities were destroyed almost completely and yet everywhere i went by so people trying to rebuild homes roads everything we'd see women on the road carrying their kids and their belongings to a new town and would give them lifts we weren't allowed to but we did. when the eastern european communist bloc fell apart its influx into the north korean economy plummeted despite the fact a close relationship is maintained by moscow n.p.r. the veil of secrecy is not helping to boost economic development north korea remains one of only five communist states in the world and by far the most mysterious country on the map gas you know r.t. moscow and later today learn more about what's going on in the world of

international policy from the head of the state duma foreign affairs committee constantine cause a chap he is a guest in today's spotlight. now they are said to be able to cross galaxies but people who believe they are out there want to know why want to visit earth a group of former u.s. servicemen is convinced extra terrestrials are interfering with nuclear weapons as artie said rick explains. yes. perhaps a few things say normal or routine but more than a daily dose of coffee a cup of calm in what can on any day be out of the ordinary. out of the ordinary like a nuclear holocaust out of the ordinary us let's say there's an attack from where it doesn't matter it could be north korea iran pakistan. if that were to happen if

nuclear payback wouldn't happen. because. that's a claim made by the men in this room are missiles began going into what's called a no go condition or on launchable essentially they were disabled detailed in this report full of court sanction sworn affidavits the witnesses have described these craft s. disc shaped or cylindrical shape or spherical if you think what's being said inside this building is completely ridiculous you might want to consider something my name's robert hastings thank you for coming. these are men who might know what may have gone on their former air force missile launch officers missile base officers who say u.f.o. spaceships flying saucers make nuclear weapon systems go haywire in one thousand nine hundred sixty six according to

a launch officer david sure his missiles were temporarily activated just as his security guard was reporting a bright object moving from missile to missile to missile ten nine eight and it's not just in the united states also. in russia the idea like in one nine hundred eighty two incident that happened in then soviet ukraine given the fact that these incidents have gone on over there including one incident of their missiles being temporarily activated when a u.f.o. was hovering above the missile base identical to what occurred here i think we can rule out that who are whoever our pilots in these craft are either american or russian. maybe they're right maybe they're wrong. maybe there is no way to ever know but if they are right and in out of the ordinary day is about to unfold. remember the saucer set of moon our t. washington d.c.

. well something you look at some of the stories from around the world and washington has said it is disappointed israel will use to expand a ban on settlement construction in the west bank and the u.s. special envoy will try to sell this renewed peace talks now threatened by resumption of building it comes as un secretary-general ban ki moon told israel west bank settlements are illegal under international law. at least thirty people have been buried under a landslide in northwestern colombia mudslide swept over people as they were crossing the road the search was suspended due to dangerous weather conditions but rescuers are due to resume digging the rainy season has caused flooding and ruined roads across the country in recent weeks. five million people in rush hour a drug addicts with most of flowing into the country from of ghana stand in central asia this problem will be tackled by officials from both moscow and stand itself a huge drug corridor and market but amateur chemists in russia could be just as

dangerous as artie's dentist he discovers. a sting operation turns into a family drama this pregnant woman and her boyfriend just tried to sell five hundred grams of them fit them into undercover agents to sniffer dog found a stash of drugs under the front wheel of the suspects luxury car as it turned out the popular party drug was produced in a small village nearby all that the dealers needed to cuckoo eagle substance at home with some merchandise from the hardware store and some cough medicine from the local pharmacy drug dealers build their labs everywhere it could be an apartment or a house in a quiet residential area like this one besides the obvious criminal threats these places are extremely hazardous because of the chemicals that makes pollute at any moment drug enforcement agent alexander was shocked when colleagues discovered another amphetamine lab in the basement under this old wooden house the room was

hidden three stories underground it was equipped with video surveillance but as the drug dealer tried to get rid of the chemicals he almost blew up the building what looks in the middle of a neighborhood the houses are old some wooden ones would have set the whole block on fine. in recent years the street cost of unfit a man in southern russia has risen to seventy u.s. dollars per gram so more and more amateur chemists have been surfing the internet for cooking instructions right at home together with his college buddy this cross and our student has been trying to find the perfect them put him in the formula place nor did the powder in themselves and wrote their impressions in a diary which is unfortunately we were unable to extract part of the compound from the means dilution is better if we use a different technique hey you guys are darn good you would know if you were not one of them has a college degree let alone a degree in chemistry to these people

a self qualified geniuses that is the. dozens of arrests in them for them in the latest cases and harsh jail sentence says law enforcement agents are trying to put a name to them put them in craze but despite the risks for the users and the dealers the demand for this controlled substance on the black market remains high so it's unlikely that the victory in the war on them fetterman will come anytime soon. r.t. crossing the region. time now for business and day parade is here so going to tell us any reaction from the russian markets on the dismissal of moscow's mayor at all well the arena not really last about the ideas and minds are trading lower about that's in line with the global trends more on that in the program so the mayor of moscow you is called has been dismissed by president medvedev and the head of penny lane real estate agency told r.t. about the impact this resignation could have on moscow's will estate market this is what he said we expect very long period of time when everybody is

frozen nobody is approving or giving any permits everybody is stuck waiting for new orders from the new czar they are all worried if they could do something wrong there will be worried orders to follow as they do no really know who will be on top tomorrow before everybody is stuck with no job going on and i believe that this would be huge harm to the industry. and all the stories form banks in russia are going on recruitment drive because of a record rise in google bond sales while the sale of foreign currency bonds by russian borrowers has dropped twenty seven percent since two thousand and eight insurance in rubles has jumped thirty six percent to record seventeen billion dollars confidence in local debt has been lifted by the recovery in the oil price and small currency fluctuations for the first time in two years companies such as

torture bank and h.s.b.c. a looking to employ new staff to cope with good demand. and bad debts that russia's top banks have reached twenty percent of the loan portfolio the highest since the beginning of the crisis the international finance corporation part of the world bank says russia needs to develop a market for bad debts so banks can clear them from their balance sheets to the crowds from the i.f.c. says the company proposes to jumpstart the system with a two hundred million dollars bond. i think that some of the banks here that are trying too hard to collect their loans are not paying attention to their core business and their market share will shrink and they'll be left holding paper that's not worth anything i think the thing is to create a market so you have a market you need buyers and you need sellers so we have plenty of buyers here capitols not the question i see provides financing we also try to match the buyers in the sellers right now we don't have enough sellers there are not enough banks

that want to sell their corporate loans so there's loans to small businesses they'll sell retail loans credit card loans things like this but they won't sell corporate loans yet there's too big of a gap between the price banks think that they should get thirty forty cents on the dollar but buyers that are coming into the market are not willing to pay that yet there's no track record yet we need a precedent we need a first sale to occur and then prices will go up after that when people see that you can actually collect on bad loans in russia why hasn't the bad that's markets in russia emerged naturally off its own accord it's a little bit of a cycle psychological issue i think no one wants to admit that they've made bad loans it takes a while to get prepared for this and i think once banks think it through once they see that they're not making progress and restructuring corporate loans once they understand that they're not going to make much progress it makes sense for someone else to give it a try someone that specializes in this business liquidity has long to go all stop

being the banks main problem do you really think that clean a balance so how banks lending i think it will because banks don't have to allocate capital to the bad loans that are sitting on their books if their management doesn't have to devote time to the bad assets that are sitting in their bank they can spend time doing what they do best which is to originate new loans there people can go out and figure out which corporate lenders are the ones that are most credit worthy which can be their best clients allocate capital to that that's what they need to do. and let's have a look at how they're going markets are performing and start with stock market so low on tuesday in japan until the financial group was down two point two percent while meets with financial was moving up on kong shares slipped modestly would chime in with creasing full one hundred percent loss could both be obvious and lies it's a trading lower the lies of who's down over half a percentage point two percent of the start of the trading markets and not reacting

to this is a dismissal of moscow's nash as much as over bank of moscow fall just point seven percent in line with the market. now the recession my return warns new york university professor nouriel roubini who predicted the economic crisis of two thousand and eight the second wave me once again come from the united states i was expecting lower second quarter gross domestic product figures due to june's poor real estate results will be says austerity measures to cut debt even nations hurting consumer and business confidence and may result in less spending emerging economies like russia may have to get used to relying on domestic demand in a period of growth for developed countries yet. the world's largest out of many and produce a wants to increase its sales in asia by fifty percent by the end of the year as a first step russian companies signed a letter of intent with china's industries corporation or norinco to acquire

a stake in its sales and marketing subsidiary other a long time contract will deliver to asia up to two million metric tons of all a million dollars a year worth over four billion dollars a new wrinkle intel we're investing will solve production in siberia you know it's increased the volume of high tech alamy and production sales in the chinese market. and that's all the news i have for you at the moment but you can always buy more stories on our website join me in fifteen minutes from now from our.

wealthy british science done. time to. market why not. find out what's really happening to the global economy with much stronger or a no holds barred look at the global financial headlines tune into kinds a report. on june thirtieth england and france try to. reason was. a. trade and a safety net for them so. the whole of europe isn't in war efforts to establish a system of collective security nine hundred thirty eight failed and it still.

has to be learned from the.

first. more news today violence is once again fled up. these are the images cobol has been

seeing from the streets and chant and asked. for a shelter obey. it .

alone welcome back to join us this is our t. y. from moscow let's take a look at the headlines moscow's long time aide has been given the sack after nearly two decades in power which would give side of the loss of confidence in the mayor as a reason for his dismissal. made in china never used to be a compliment but now with its high tech industries a country can teach russia thing or two on this final day in china dmitry medvedev is shanghai to see what russia's exhibition of the billion stars. and could alienate have control over the world's nuclear weapons a group of retired u.s. air force officers thinks so and they've given sworn affidavits claiming that

strange events from ukraine to the west can be explained by looking to the stars. while russian officials are doing all they can to stand the inflow of drugs from central asia police are also dealing with the problem of amateur chemists making their own and they're finding that simple household products are all that's needed to make an illegal back. next kaiser report where our analysts look at the scandals behind a financial have lines. and this is the kaiser report markets finance and scandals we break it down for you this way you know exactly who's doing what though let's bring in stacy herbert to get more of the details stacey herbert talk to me wal-mart's min.