fifty. five. above the law children of russia is a leader accused of wreaking havoc with no fear of justice one victim is determined to bring the crimes to light. but was to come i think worse still to go to the

world there's more to tell. britain prepares for massive cuts to public services but economists say it may not help prevent another financial fallout because the government hasn't learned the lessons of the last collapse. a five star hotel or a homeless shelter a new yorkers aren't lacking in either with a service or just an income gap in the big apple is now why they're down in india. it is ten am in the russian capital you're watching r t with me wearing a josh welcome to the program now the daughter of a russian official who rammed her car into two people killing want to facing a retrial of russian courts as there were major violations during the first hearing

a law in the woman to go free this case is just one example of what critics say is a trend among the children of russia is a lead to live recklessly beyond the law sarah ferguson went to meet one of the or alleged victims. when valarie three day it was no use down by a car it was the beginning of a long and very difficult to recover it was this bus stop that valerie was not without its seriously injured but that was five years ago and since then he's been on able to save up but investigated he suffered horrific injuries and the memories of that day still very clear in his mind where. i remember exactly how it all happened by a moment my friend and myself were standing where we parted to cross the street and i remember the green white river grandma had turned and began walking into that direction when i heard a sound and saw something flying off towards me the driver of the car was eighteen

year old. daughter of a former high ranking f.s.b. officer for larry's case or they being denied a criminal trial did make it to the civil court. we asked for three million rules in compensation she was sentenced to paying one hundred thousand roubles to me and she did installments before the child she was a major shareholder of a commercial bank in moscow at the time of the trial it appears she was just a poor student with six hundred roubles a month we've made. larry made eight attempts to have criminal proceedings launched but was refused every time. if an ordinary person had been in her place they would have faced criminal punishment long ago the incident is too serious to refuse to open a criminal case if this seems to be a consider of the population in russia which is immune from criminal prosecution it's not the first time that children of high ranking officials have caused

controversy with their reckless driving an apparent lack of punishment when an ash evan cave not down to women killing one and severely injuring. in other images of her checking the damage to her car and not the victims caused outrage her three year suspended sentence was recently revoked she to problems with the legal proceedings but the case will be retried soon taking a patent can commit a crime to one person and injured and remain unpunished and michelle was not and do not be punished properly for what she did to us i'm sure. for larry's repeated attempts to get the case tried in the criminal cause of let's accusations against him with the abuse of the family claiming he jumped in front of the car and was trying to extort money from them in response to larry made an online play to president dmitri medvedev. i hope for you know how mr president.

an investigation into the legitimacy of the refuses to launch criminal proceedings has now been ordered. i made my own money statement not because i want compensation for my house because or have been accused falsely and because of all the corruption i want just. with the full investigation yet to be conducted abuse of her remains in the driving seat larry left to slowly rebuild his life with the help of friends and family surfer r.t. chelyabinsk region public services in britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet but economists say the financial doomsday hasn't even happened yet and politicians are learning the lesson of the last crisis are good or am it reports. the start of

a new working week in the city of london in the eye of an economic storm life goes on as normal but those who work here know that the financial crisis is far from over. but worse to come i think the worst still to come i think the worst has more to come how much more they're talking about the financial crisis we've already had but according to some economists we ain't seen nothing yet certain respected finance. other than solving the issues that caused the last financial crisis governments and central banks like the bank of england behind me are actually leading us towards an even bigger meltdown and they can't see even seem to agree on what to do in europe the powers that be are stopping the money printing machines over in the u.s. the federal reserve has just announced another round of quantitative easing but

who's right nobody is right i mean that's really the problem the difficulty is that when you've drunk three bottles of vodka then you may well think that you're capable of putting the world to right but at the same point in time you know you're going to wake up in the morning with a hangover this is the point where we're working up in the morning with a terrible hangover in a new book the gathering storm a group of finance he has got together to say that governments have learnt nothing from this crisis policymakers are applying old models in their economic projections and that could lead to inflation hitting ordinary people hard when looking at the fiscal position. of the size of the deficits that governments are running in relation to the size of the economy is. facing. sort of conditions which would be more to do with water than with a peaceful prosperous development. doesn't look sustainable for very long term debt

will have to be. repayed and restructuring will have to begin but in the city there's a fear that people in denial full sense of security i think yeah i think it's very convenient from the political perspective and overall feel good like. to feel that you know people want to feel but you know but it's the fundamentals are not great people to sit in denial of. when they're on the tax man sobs chasing people who called by even there be a problem that i did may come home to roost this week when the government announces extensive cuts to public services we shouldn't assume that the period of extreme global weakness which followed the lehman brothers collapse is the worst episode in this long drawn out depression there could be much worse episode still to come. and here in the city of london that would really put the cat among the pigeons nor at it. while the international monetary fund is struggling to boost

economic recovery and prevent currency wars the latest meeting in washington failed to reach a breakthrough later peter lavelle and he's crossed guess discuss whether the iron math has any relevance in the modern world. the rich europeans have to come to the i.m.f. to ask for help i mean they don't want to put up the money themselves so they say well you know you do united states britain china russia they all have to share in the costs of greece why we have to borrow your audience doesn't make any sense to be a europe. your hands are what are your plans for the money. ok i thought you were for putting up the remember that you're going to do on their own is make conditionality stick ok and if i'm going to i mean let's talk about let's talk about conditionality because a lot of people say that conditionality is actually very damaging to economies who can look at our argentina we can look at southeast asia but all of the most advice

they were given was really bad advice conditionality is largely been a failure in this is well recognized by the borrowers and by the i.m.f. the i.m.f. really doesn't have a way to impose its conditions but. i watch crosstalk in just over an hour here on r t and i had this hour brainstorming and bridge building the frame seaside town to build hosts russian and european leaders for to warm up relations. and u.s. policies in afghanistan aimed at the stabilizing soviet forces decades ago by bad find out why america is losing the war on drugs that's had. its one of the richest cities in the world home to bankers expensive real estate in a luxury stores but recent figures suggest a pay gap between new yorkers is now wider than ever are jesus is here to work in reports on how the big apple is split to the core. the lucky few are shopping for

shoes where thousands of dollars in the chanels and just a wave of a wallet away just a few steps away a person with their entire life belongings in a shopping cart luxurious lifestyles the rich people in new york are richer than rich people most places are living side by side with those for whom surviving in a tough economy has become a full time job according to recent published report the gap between the rich and poor in the big apple is greater than india country where the majority of the population lives in poverty we live in a winner take all society where there's a small number of stars who make vast salaries and where the majority of people have too much money at the end of the money last year one and a half million people were registered living in poverty in new york meanwhile the city's richest are still enjoying the high life the rich people in new york are flying around on private planes eating caviar renting yachts the net worth of the

less than sixty richest new yorkers has recently spiked by an entire nineteen billion dollars one percent of the population controls seventy percent of the returns to well it's never been that high it's never been that bad but this somehow ends up being reflected only on the less fortunate i can spend five thousand dollars on that piece of jewelry. a handbag would you ever buy a bag for five thousand dollars. so housing is one of the main symbols of this wealth gap. parity. realtors selling luxury property are not afraid of going out of work probably the most expensive. at eight million

thankfully your head we've banded. protection in two thousand and nine then any of the other major american cities but that's mostly true for the rich every night about one thousand people sleep in the subway system of new york meanwhile the most expensive hotels are doing as well as ever something the rich definitely like to splurge on in new york city is luxury hotels if you have an extra buck to spend in your wallet why not spend it on a hotel room for twenty two hundred dollars a night or plug in a massage in your room for a mere three hundred dollars this is thousands across new york phil homeless shelters with no room to spare but he terms one hundred eighty five i have put you to one hundred eighty five with each meal while the number of people relying on a free meal has gone up by fifty percent over the last year others are not even keeping track of their spending three thousand four thousand more than working on

a story about the gap between the rich and poor in new york what do you consider yourself to be. the possibility of the wealth gap narrowing is far from being around the corner right now we're debating about whether or not to give tax breaks to the richest americans to keep this gap going to keep growing but if this gap widens even more new york me soon be split into two different planets the big one with tens of thousands struggling for survival and a small one with a very lucky few this future for the big apple could not be far especially while the city's mayor is considered the second richest person in town. new york. the tiny french resort town of the villa is hosting an international brainstorming session for three major world powers russia's president will be the gassed of the leaders of germany and france to focus on warming ties between moscow and the e.u.

that's hearing as are the reports. the tranquil setting of the french seaside town of derby is expected to be the perfect backdrop for the so-called troika dialog with him in the visit and his colleagues in the protests are cozy and angled markel are expected to discuss many issues not only relating to european matters but also those concerning the international community specifically the tasks that lay before the group of eight and the group of twenty stability in the middle east the ongoing situation with afghanistan and of course iran's nuclear ambitions those are all going to be on the agenda but they're bringing a lot more to these discussions specifically issues that are more closer to home relevant to europe and the relations between european states and russia a visa free regime for russian citizens is expected to be brought up in the discussions russia the citizens at the moment are requested by the schengen agreement to acquire a visa before entering european states russia of course as long been negotiating a visa free regime for its citizens and that issue is definitely going to be

touched upon by the russian president when he sits down to meet with his colleagues from france and germany but there are other items on the agenda as wealthy economic crisis and its effects on europe on by a lateral and european trade with russia of course the framework with which russia is prepared to cooperate with nato the north atlantic treaty organization and various other aspects of cooperation between russia and of nato as well all of the leaders saying that this kind of dialogue is very helpful and has a lot of potential because it is less formal and therefore the three leaders will have a chance to speak freely and perhaps achieve more results that way we know that so far no by a lateral meetings are scheduled for the agenda the will of course be bringing details as and when we get them. cut in as our reporting there on a political expert much as lofty going to believe it's highly unlikely russia will ever become an equal member of the e.u.

or nato. russia in my mind is too big and too russian both for european union and for nato. they're not eager to see russia inside nato was created to keep america in germany and russia. america is the real purpose of nato but keeping germany don't and russia did missions. and more of that interview in about fifteen minutes time here on our team. now it's a day of mourning in the southern russian region affected by the weekends massive flash floods at least fourteen people were killed with nine still missing over four thousand are thought to have been caught in the delusion with many villages and parts of the cross and our region swamped by heavy rain the storm caused local

rivers to burst their banks and led to mudslides in the mountains several sections of the north caucasus rail road were blocked and bridges destroyed officials say the situation is slowly getting back to normal with vital energy and water supplies being restored. the first of twelve u.s. soldiers accused of terrorizing and murdering afghan civilians is set to face court martial officials say the rope will tune to drugs and kill people for sport while commanders seem completely unaware of their actions are his military contributor says the case reveals a wider problem there are lots of difference between the soviet an american experience in afghanistan but one of the most insidious. and harmful difference is that it was the cia who initiated the promotion of that drug distribution trying to undermine the morale and spray decor of the soviet forces in afghanistan and thirty years later during the almost ten year u.s.

occupation of the contrary united states. policy in afghanistan still condones if not promotes the drug distribution and production and trafficking in afghanistan now with the us part policy of the narco farmers the united states has stepped on to the narcotics booby trap and the latest see at the case of twelve scallop scrapers and sports shooters demonstrates to what extent the u.s. drug store policy in afghanistan has backfired according to the latest data the whole platoon of the stryker brigade was heavily on the dough even before their deployment from the continental united states to khandahar province as a result of these bloody scrapers totally dismantled destructed and

destroyed the whole concept of the hearts and minds of the counting insurgency policy in its application in afghanistan. and check out our website for more from our military contributor and the blog section is just a click away here's a taste of what else you'll find there at r t dot com right now. u.s. trade unions are under fire for neglecting their duties and yours are accused of spending more time looking after their own political interests the rights of workers. and world fashionistas are flocking to moscow as models drop their stuff on the catwalk some russian fashion week for more on the latest collections had to r.t. dot com. also take a look at some other stories from around the world and there are fears that paris has shall the goal airport could be left without fuel as

a result of the strikes at a french oil refineries but the country's transport minister says airports are being supplied with jet fuel it comes as hundreds of thousands of workers have been protesting against plans to raise the retirement age meanwhile in belgium rail workers have begun a twenty four hour strike against a decision to privatized the railways cargo division. thousands of people are fleeing their homes due to a super typhoon that hit the northern coast of the philippines many schools have also been closed amid high winds and heavy rain it's four years since another storm in the country triggered much slide to the left about a thousand people dead. and that same time soon as heading for southern china where heavy rains are already causing chaos almost half a million people have been evacuated from villages ninety percent of the region has been flooded causing damage to roads schools and infrastructure refugees are being put up in government buildings and schools. well that brings us up to date here in

our team and time now for a business update to go away. that's right time to delve into the world of business russia is moving closer to a new deal on increasing gas deliveries to poland and its transit to germany and agreement between moscow and warsaw was to go shaded last year but was assigned due to wars it was incompatible with e.u. will it and show us ten billion cubic meters of gas a year until twenty thirty seven poland which imports around seventy percent of its consumption from russia gas from and polish gas monopoly fiji and i g i'm now working on the details and expect the contract to be finalized within the next two weeks. the privileged regime for foreign carmakers is likely to come to an end next february that's what all the agreements made on russia's halt to the w in future

for income make us will have to produce causes set of assembling them and source the parts locally reports. the japanese company to rad opens a joint plant with gaz group subsidiary risky machinery to produce heating elements and other compounds sort of on a more united currently our strategy is based around one consumer gods but we do plan to extend our business in russia and work with both japanese and other foreign carmakers our goal is to find new consumers by twenty twelve. foreign spare part make is a more than welcome johnson controls magnetic amount at least thief among those working in russia but it's easier for them to enter the russian market with the help of a local giant we have a very good supply base today but in some cases we need new technology and then it makes sense to ask for importers to localize. this september the ministry of industry and trade announced new rules for comic they should raise output to three

hundred thousand cars a year from twenty five thousand and double to sixty percent the parts that the. tain locally this would boost the local component industry but industry insiders say it's too much too soon these requirements could be made by very few companies for example these are mostly that the russian o.e.m.'s who have the largest volumes and potentially some of the foreign no we are enjoying good market share already are selling above one hundred thousand close to one hundred fifty thousand the ministry of economic development is not favoring these very strict regulations and they are proposing an alternative which is much more flexible however not well defined in there so i would imagine the decision will be some sort of a compromise few cars nowadays have a national identity they contain part swim around the globe ironically

international carmakers sourcing more of their parts in russia could turn out to be more russian than the better known domestic brands. business or to. banks having a lot of capital minimum risks and serving customers through skype the chief financial officer at one of the leading euro zone banks in tess and paolo says that is how the whole banking system should operate after the financial crisis to jump in a call that spoke to carla messina. for sure in the future a banking system with more capital but more liquidity and less leverage because of the quality leverage where there are many reasons for the crisis and also looking at the customers the need is to be in a position to try to satisfy the customer because in these two years all the clients. reduce the trust in him bank they use their

loyalty so we need to recall the relation with the client and we need to to act in such a way to make sure rescale. in profitability sustainable for profitability for the future how will the companies and people feel these changes we need to to to to put in a position the client to feel more quality in the service less prize. they ever to be a p. with the relation of the bank or the point is not only communication but two to two month in relation with different distribution channel because we have now in a very massive especially needle a very massive r t two to use our brains probably we have to move with the more we have to be used to a way of of making a relation with the client so we more or like banking with the doctrine of cost of

the two or four for our clients. let's have a look at how the markets are faring this south stops in asia interrupt the sound of the nikkei just marginally listening and hong kong's hang seng down more than a cent hong kong shares are declining as resource sector stocks and h.s.b.c. holdings fell on week ever since master is falling on reports ford motor is set to sell the ga the stake in the japanese carmaker. and in russia the r.t.s. a slight positive in early trade and my six figures that you see on the screen at last week's closing figures as the boss will start trading in a few minutes. emerging markets stocks continue to attract cash last week as investors look to foster growth and they thought they could get for more mature economies on monday chief strategist from bank of creative gave r.t. his opinion on the market trends we're about to see this week investors in russia

are going to be cautiously bullish through the week and i think that will be again a function of economic data that's coming hours we've got u.s. industrial production coming out and you've got us going into cases we've had a good surge of reach ourselves because we already have some doubts underpinning some confidence in the return of the u.s. consumer and that filters through to the larger markets will be looking for more evidence from the fed to support calls to be easing evidence of the extent to which the credits bright spot points to reason and importantly the market looking towards one close to gauge the extent to which the capital that is being created from loose monetary policy is flowing into emerging markets india china and importantly into russia. so we have time for now but if you want to get more stories log on to our website r t dot com slash business.

wealthy british style it's a time to put writers on. the. market why not. find out what's really happening to the global economy in these kinds of reports.