justice children of russia are accused of being above the law with one of a top official walking free after the killing with a car. that was to come i think west still to come i think the worst of it. was the u.k. gears up for major cuts to public services. warning their government's failure to learn from its mistakes leading to another major meltdown. plus the city of the rich glamorous and the homeless and hungry suggests the pay gap in new

york is now wider than that of india. and he has agreed to sell assets in venezuela and get to this russian joint venture before one point eight billion dollars more in business in twenty minutes. worldwide news from the heart of moscow this is r.t. welcome to the program the daughter of a russian official who ran a car into two people killing one is now 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 an example of what critics say is a trend among the children of russia's elite to live recklessly beyond the law you may find some of the images in sarah ferguson forthcoming report disturbing. when

valarie day it was maze down by a car it was the beginning of a long and very difficult to recover it was this bus stop the following was not that the fair thing in that was five years ago and since anything our neighbor to say 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 myself was 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 tonight 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 at the time of the trial it appears she was just a poor student with twenty dollars monthly maintenance allowance. larry made eight attempts to have criminal proceedings launched but was refused every time. 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 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 are 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 in time to continue to kill one person and enjoy nada and remain unpunished. was not found to be counted properly for what she did you are. going. to larry's repeated attempts to get the case tried in the criminal cause could lead to accusations against him with the abuser 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 surf r.t. chelyabinsk region. public services and britain are facing massive cuts in the budget as the government looks to fill the huge black hole in its balance sheet but economists say the financial do even happened yet politicians are learning the lesson of the last crisis. reports on. 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 worse still to come i think the worst of it 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 finance is this a 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 see even seem to agree on a lot 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. the economy is yes we are we're facing. sort of conditions which would be more associated with water time than with a peaceful prosperous development and that doesn't look sustainable for 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 a political perspective and overall feel good factor. to feel better you know people want to feel better you know but it's the fundamentals are not great people are still in denial. when they're on the tax man starts chasing people who can't pay them not be 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 and it r.t. london. you all with r.t. and still to come for you in the program brainstorming and a bridge building the french seaside town of hosts russian and european leaders for

a while to warm relations. u.s. policies in afghanistan aimed to be stabilizing soviet forces decades ago by back find out why america is losing the war on drugs that's coming up. it's one of the richest cities in the world home to bankers expensive real estate and luxury stores but recent figures suggest the pay gap between new yorkers is now wider than ever and i start your truck and reports on how the big apple is split to the core. the lucky few are shopping for shoes where thousands of dollars to chanel's and just a wave of a wall it away for just a few steps away a person with their entire life belongings in a shopping cart look serious 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 wellesley 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 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. project right now where you have a dream to. use parity. realtors selling luxury property are not afraid of going out of work probably the most expensive. at eight million thankfully your heads we banded quicker from the recession 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 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 as thousands across new york fill homeless shelters with no room to spare three times one hundred eighty five i have to let you do one hundred eighty five 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 of them 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 kept going to keep the 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 and. new york. the tiny french resort town of a deal is hosting an international brainstorming session for three major world powers rushers president will be the guest of the leaders of germany and france to focus on warming ties between moscow and the e.u. how to bring us out of our 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 individually and his colleagues in the professor and marco 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 shang an 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 europe on by a lateral and european trade with russia of course the framework with which russia is prepared to cooperate with nato ah 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 will of course be bringing details as and when we get them. all political expert. believes it's highly unlikely russia will ever become an equal member you or if nighter. 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. and america in

is the real purpose of nato but keeping germany down in russia dated missions. and more of that interview in about fifteen minutes time right here on ati well 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 almost four thousand have been caught in the deluge with many villages in parts of the class and the region swamped by heavy rain the storm cools the local rivers to burst their banks and lead to mudslides in the mountains several sections of the north cook asian railroad were blocked and bridges destroyed officials say the situation's slowly getting back to normal with bottled 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 rogue platoon took drugs and killed people for sport while commanders seemed completely unaware of their actions oxys military contributor says the case reveals a wider problem there are lots of difference between the soviet and 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 its free to corps of the soviet forces in afghanistan and thirty years later during the almost ten year u.s. occupation of the contrie united states hot policy in afghanistan still condones if not promotes the drug distribution and production and trafficking in

afghanistan now with the us pot policy off the piecing narco farmers the united states has stepped on to the narcotics booby trap and the latest c apple case off the twelfth scallop scrapers and sports shooters demonstrates to what extend 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 dole even before the bad deployment from the continental united states to a condo our province as a result these buddies scrapers totally dismantled disrupted and destroyed the whole concept of the hearts and minds of the counting surge and sit policy in its application in afghanistan. and you can check out

our website for more from our military contributor blog section was just a click away and he said taste of what else you can find there right now at r.t. dot com u.s. trade unions are under fire for neglecting their duty leaders are accused of spending more time looking after their own political interests than the rights of workers. and world fashionistas are flocking to moscow as a model struck their stuff on the russian fashion week more on the latest collection to auntie dot com. now let's check out some other world news in brief this hour and thousands of people are fleeing their homes as a super typhoon has hit the northern coast of the philippines many schools are also being closed to meet high winds and heavy rains prompting concerns of floods and landslides it's four years since another storm in the country triggered mudslides and left about a thousand people dead. and that same typhoon is heading for southern china where

heavy rains are also causing chaos almost half a million people have been evacuated from villages ninety percent of the high now in the region has been flooded causing damage to roads schools and infrastructure refugees are being put up in and government buildings and schools. there are fears that charles de gaulle airport in paris could be left without the result of those strikes that french all refineries in the country's transport minister says are being supplied with jet fuel that comes out of 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 a twenty four hour strike against job cuts and plans for privatization eurostar service between london and brussels is among those affected. and indian high court has begun hearing an appeal by the only surviving gunman of the mom by terror

attack. from two years ago a pakistani national mohammad. is expected to contest the death sentence handed down in may he's accused of mass murder committing a terrorist act and waging war on india the hearing is due to last several months. time now for the business news with you. hello and a very warm welcome to the business news b.p. has agreed to sell assets in venezuela and vietnam to its russian joint venture p for one point eight billion dollars the deal includes b.p.'s stakes in three joint ventures in venezuela and two gas fields in vietnam the sale it spot of the peace plan to raise up to session billion dollars by the end of twenty eleven to help the company meet its financial obligations after the gulf of mexico oil spill their positions will be financed from taking p.p.p.

only sources and won't require additional debt. this is all part of a global expansion plan to take a big p. and has adopted for itself in an internet attempt to diversify itself out of russia and become become a truly global company. so as a starting point i think the first step towards that goal. wrote a modest sized modestly sized acquisition might be just the right thing. but it's 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 tests at some policy says that is how the whole banking system should operate after the financial crisis the chela put it quite a spoke to call him a see that. we live 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 shown to try to satisfy the customer because in these two years all the clients is reduced to a trust in him banker they use their loyalty so we need to recall the relation we had with the current and we need to to act in such a way to make. him 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 the service or less price they ever to be a b. with the relation of the bank or the point is not only communication but to mandate

relation with different distribution channel because we have now a very massive especially literally very massive how to do to use our brain trees so probably we have to move read them all these twelve way of making a relation with the client so we had more all a banking with the actual cost to serve the two or four for our clients. i look at how the stock markets are faring this solid russia they are actually us on the mice it's a mixed most of the blue chip saw in the red energy shots posting biggest losses on all in all prices bucking the trend is per pound its shares are rising point eight percent helped by strong find out for forty five plus my months of the year. and european stocks are flat but the shares of philips electronics falling nearly five percent after the current office a cautious outlook. for the rest of the year and a fountain still for rio tinto and. weigh all those shares in london among other big movers the shares of asset management have jumped thirty percent in london

after claiming to be poured while world bank of canada for all of one point five billion dollars. russia's largest food retain a large chain magnate wasn't pleased profits by more than a third to two hundred fifty seven million dollars in the first nine months of the turnover of was five one food billion dollars that's a jump of thirty five percent of the previous year results off considerably better than analysts for cost magnets shaz are now among the top gainers on the r.t.s. gaining around two percent. the privileged regime for foreign carmakers is likely to come to an end next february that's one of the agreements made on russia spots to the w in future or in comic as will have to produce cars instead of assembling them and source the parts locally or for. the japanese company to rad opens a joint plant with gaz group subsidiary risky machinery to produce heating element

and other compounds. currently our strategy is based around one consumer gods but we do plan to extend our business in russia and work with japanese under foreign carmakers our goal is to find new consumers by twenty twelve. foreign spare part makers are more than welcome johnson controls magnetic 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 for importers to localize. this september the ministry of industry and trade announced new rules for carmakers 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 a 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 a few cars nowadays have a national identity they can turn 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 we have time for now join me next hour for more business news and log on

to our web site r t dot com slash business. the.