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about justice children of russia's a leader accused of being above the law with one daughter of a top official walking free africa killing with her car. but was too public they were still to come from the world should go to trial as the u.k. gears up for major cuts to public services finance years war and the government's failure to learn from its mistakes is leading to another major meltdown. plus the study of the rich and glamorous and the homeless and hungry a survey suggests the pay gap in new york is now wider and in india.

this is r.t. coming to you live from moscow with me marina joshie welcome to the program the daughter of a russian official who ran her car into two people killing one is facing a retrial a russian court says there were major violations during the first hearing allowing the woman to go free this case is just one example of what critics say is a tran among the children of russia's elite to live recklessly beyond the law and we find some of the images in sara first report disturbing. when valarie third day it was names down by a car it was the beginning of a long and very difficult road to recovery it was there but thought that valerie was not there if they say instead that was five years ago and then if anything our neighbor to say that but investigated he suffered horrific injuries and the memories of that day still very clear in his mind. i remember exactly how it all happened moment by moment my friend ilya and myself were

standing here as we pointed he left across the street in the green light i remember the green light vividly i had turned and started walking in that direction when i heard a sound and saw something flying towards me the driver of the car was eighteen year old abuse of the 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 courts. we are three hundred thousand dollars in compensation she was sentenced to pay three thousand dollars to me and she did in installments but before the trial she was a major shareholder at a commercial bank in moscow for the time of the trial it appears she was just a poor student with twenty dollars monthly maintenance allowance. for 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 there seems to be a category 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 haven't caver not down to women killing one and severely injuring. another images of her checking the damage to her car and not the victims caused outrage a three year suspended sentence was recently revoked she to problems with the legal proceedings but the case will be retried soon turned to a patent can commit a crime to one person an engine other and remain unpunished anish out of the car was not and will not be punished properly for what she did to us i'm sure footed 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 your objective help mr president. an investigation into the legitimacy of the refuses to launch criminal proceedings has now been ordered. i made my own statement not because i want compensation for my health but because i have been accused falsely and because of all the corruption i want justice. with the full investigation yet to be conducted abuse of her remains in the driving seat was larry left to slowly rebuild his life with the help of friends and family there fair r.t.

have been squeege in. public services in britain are facing massive cuts in their budget as the government looks to fill the huge black hole in his balance sheet but economists say the financial doomsday hasn't even happened yet and politicians are learning the lesson of the last crisis artie's lore and 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. you know a lot worse to come i think worse still to come i think the worse yet there is 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 financiers this saying that rather than solving the issues that caused the last financial crisis governments and central banks like the bank of england behind me actually leading us towards an even bigger meltdown and they can't 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 learned nothing from this crisis policymakers are applying old models in their economic projections and that could lead to inflation hitting ordinary people hard looking at the fiscal position. of the size of the deficits that government in relation to the size of the economy is. facing. sort of conditions which would be

warm. water with a peaceful prosperous development that doesn't look sustainable for a very long term debt will have to be repaid and restructuring will have to begin but in the city there's a fear that people are in denial for sense of security i think yeah i think it's very convenient from the political perspective and overall feel good like i said so you. feel better you know people want to feel better you know but it's the fundamentals are not great people are seven deny a lot. of money from the taxman starts chasing people who can't buy even nobody a problem that idea may come home to roost early is 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 r.t. . you're watching r.t. live from moscow still to come on the program brainstorming and bridge building the french seaside town of de ville hosts a russian any were a few years for a chinwag to warm up relations. and u.s. policy that of ghana san am a destabilising soviet forces decades ago by basque find out why america is losing the war on drugs that's coming up as well. it's one of the richest citizen the world held to bankers expensive real estate a watch or restored but recent figures suggest a pay gap between new yorkers is now wider than ever artie's associate or going to reports on how the big apple is split to the core. the lucky few are shopping for shoes worth thousands of dollars to chanel's and times. just a wave of

a wallet away just a few steps away a person with their entire life belongings in a shopping cart blue curious lifestyles that 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 month left 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 a piece of jewelry or a handbag would you ever buy a bag for five thousand dollars. i don't think 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. there's about eight million thankfully your has rebounded from the recession in two thousand and nine.

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 the new york city of 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 to let you do one hundred and even fight with each meal while the number of people over lying 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 are 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 a 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 and. new york the tiny french resort town of de ville is hosting an international brainstorming session for three major world powers russia's president will be the guest of the leaders of germany and france to focus on warming ties between moscow and the e.u. to me 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 meet them

and visit and his colleagues in the protests are cozy and angle of merkel 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 citizens at the moment are requested by the schengen agreement to acquire a visa before entering european states russia forces 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 to 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 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 lateral meetings are scheduled for the agenda will of course be bringing details as and when we get. our correspondent has seen as are they are now political experts i just love making of believes 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. well america is the real purpose of nato but keeping germany down with russia dated missions. and more of that interview next hour here on our team it's a day of mourning in the southern russian region affected by the weekend's massive flash floods at least fourteen people were killed with nine still missing and almost four thousand have been caught in the delusion was many villages and parts of the crust of daraa region swamped by heavy rain the storm caused a local reverse to burst their banks and led to months lights in the mountains several sections of the north asian railroad were blocked and bridges the story officials say the situation slowly getting back to normal with a file and a g.m.

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 platoon to drugs and killed people for sport while commanders seemed completely unaware of their actions are these military contributors as the case reveals a wider problem there are lots of difference between the certain american experience in afghanistan but one of the most insidious. and harmful difference is that it was cia who initiated the promotion of that drug distribution trying to undermine the morale and esprit de corps of the soviet forces in afghanistan and thirty years later during the almost ten year u.s. occupation of the contrie united states pot policy in afghanistan still

condones if not promotes the drug distribution and production and trafficking in afghanistan now with the us pot policy of the piecing narco farmers the united states has stepped on to the narcotics booby trap and the latest see ethel case of twelve scalp 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 they had deployment from the continental united states to conduct our

own to insurgents a policy in its application in afghanistan. check out our website for more from our military contributor and the blog sectionals is also just a click away and here's a taste of what else you'll find at r.t. dot com right now. u.s. trade unions are under fire for neglecting their duties leaders are accused of spending more time looking after their own political interests there brights of workers. and world fashionistas are flocking to moscow as models straught their stuff on the catwalk of 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 thousands of people are fleeing their homes as a super typhoon has hit the northern coast of the philippines many schools have also been closed in at high winds and heavy rains prompting concerns of floods and landslides it's four years since another storm in the country triggered months lied to left about

a thousand people dead. and that same time soon as heading for southern china were to have the rains are already causing chaos almost half a million people have been evacuated from villages and ninety percent of the region has been flooded damage to roads schools and infrastructure refugees are being put up in government buildings and schools. and there are fears that paris is charles to go airports could be left without fuel as a result of the strikes at french oil refineries but the country's transport minister says airports are being supplied with jet fuel it comes as hundreds of thousands of public sector workers have been protesting against government plans to raise the retirement age meanwhile in belgium rail workers are on the twenty four hour strike against job cuts and plans for privatization. and indian high court is to begin hearing an appeal by the only surviving gunman of the mumbai terror attacks two years ago pakistani national behind edge maal american saab is expected

to contest a death sentence handed down to make you sick. news of mass murder committing a terrorist act and waging war on india the hearing is due to last several months. coming up soon here in r.t.r. with special report on the u.s. state of alaska for more than a century was part of the russian empire before it was sold to america. it's the secret incursion into the country. it's the invasion by means of. traditional language in july you visit the first day you go pete could be. culture. the thing is that the had the germans are still unaware of what's going on in their life just over the last in their lives. like this i don't know anything about the last of the great.

so just to remind you you can also catch us on line twenty four seven at r.t. dot com that brings us up to date right now though we'll take a look at what's happening in the world of business you are joins us now in the studio. hello and a very warm welcome to the business news b.p. has agreed to sell assets in venezuela and vietnam to its russian to intervention team key b.p. for one point eight billion dollars the deal includes b.p.'s stake so three joint ventures in venezuela and two gas fields in vietnam. for the sale or spot of be peace plan to raise up to thirty billion dollars by the end of twenty eleven to help the company meet its financial obligations after the gulf of mexico oil spill

that was asians will be financed from tamed resources and won't put additional debt . or banks having a lot of capital minimum risks and serving customers through skype the chief financial officer at one lady yours on banks in tests and policy says that is how the whole banking system should operate after the financial crisis but of course 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 as reduce the trust in him bank they dated use their

loyalty so we need to recall the relation we enter and we need to to act in such a way to make sure they're rescale. in profitability being 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 in the service less price they ever to be a p. we did relation of the bank the point is not only communication but to mandate relation with different distribution channel because we have now a very massive especially neatly very massive attitude to use our brains probably we have to move more bills to a way of making a relation with the with the clients are we more or less banking with the doctrine of cost to serve the two or four for our clients. now let's have

a look at how the markets are faring that's solid stocks in asia into red this hour with nikkei just marginally losing and hong kong's hang seng down more than at the cent as declining as resource sector stocks and h.s.b.c. holdings go on weak overseas cues monsters falling on reports east is set to sell the majority of its stake in the japanese comic. in russia the r.t.s. on the my suits are losing the solid most of the blue chips are in the red with energy shares posting biggest losses on coal and oil prices. and european stocks are losing ground with philips electronics falling nearly five percent off to the group off with a cautious outlook for the rest of the year and abounding still for rio tinto and b.h.p. billiton weighing on those shares in london among other big movers the blue by asset management have jumped thirty percent in london. to be bought by world bank

of canada for around one in the home than a dollar's. russia's largest food chain mug me tas increased profits by more than a third to two hundred thirty seven million dollars in the first nine months of the year turnover five point four billion dollars that's a jump of thirty five percent on the previous year results are considerably better than analysts for cops. well they're privileged regime for foreign carmakers is likely to come to an end next february one of the major on russia's part to the w. in future foreign call makers will have to produce cars instead of assembling them and source the parts locally reports. for japanese company to rad opens a joint plant with gaz group subsidiary risky machining to produce heating element another car parts. currently our strategy is based around one consumer gods but we do plan to extend our business in russia and work with both japanese under

foreign carmakers our goal is to find new consumers by twenty twelve. foreign spare parts makers are more than welcome johnson controls macnair team out early 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 whereas for importers to localize. this september the ministry of industry and trade announced new rules for car makers they should raise output to three hundred thousand cars a year from twenty five thousand and double to sixty percent the parts that they obtained locally this would boost the local component industry but industry insiders say it's too much too soon and these requirements could be made by very few companies for example these are most in that the russian o.e.m.'s who have the largest volumes and potentially some of the foreign oil we are enjoying good market

share and already are selling above one hundred thousand close to one hundred fifty thousand in the ministry of economic development is not favoring. very strict regulations and they're 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 parts from around the globe ironically international car makers sourcing more of their parts in russia could turn out to be more russian than the better known domestic brands. business o.t. . that's all the business for now but you can get more stores small website our. business.