wealthy british style. markets. scandal. find out what's really happening to the global economy in these kinds of reports. every month we give you the future we help you understand how to get there and what to bring the best in science and technology from across russia and around the world join knology update on our g. immune system spots throughout russia over claims influential figures are using their connections to evade justice. preparing for the worst with

cuts in the u.k. as public service is set to be revealed some economists predict the country could plunge deep into recession. the big apple split in two on even slices a survey just released shows the gap between the rich and the poor is now wider than in india. well white news twenty four seven this is our life from. the daughter of a powerful siberian official that will be retried over a horrific car crash that left one woman and another paralyzed a public outcry was spotted when initially it was revealed that seven. was not going to be charged over the incident which took place a year ago c.c.t.v.

footage showed a veering onto the pavement and then the car's driver checking only for damage ignoring the critically injured pedestrians and pregnant at the time of the crash got a three year suspended sentence and was given time to raise her child it was alleged her high profile mother our regional electoral committee official could have tipped the case in her favor and as r.t.s. sarah firth reports it's not the first time a kid with connections in russia has been accused of a scaping justice. when valarie day it was no use down by a car it was the beginning of a long and very difficult to recover me it was the best bus stop the salary was not the seriously into it but that was five years ago and since then he's been on able to pay nothing 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 oh yeah and myself we're standing here as we parted he left across the street on the green light i remember the green light vividly i had turned and began 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 with. we asked for one hundred thousand dollars in compensation but at the time of the trial she claimed she was just a poor student with twenty dollars monthly allowance so she was ordered to pay three thousand dollars to me and she did in installments but even before the trial she was actually a major shareholder at a commercial bank in moscow. 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 consider of the population in russia which is immune from criminal prosecution for larry's repeated attempts to get the case tried in the criminal cause of lead to accusations against him with the abuse of the family claiming he jumped in front of the car and was trying to extort money from the in response to larry made an online play to president dmitri medvedev. i'm hoping for your objective help mr president. an investigation into the legitimacy of the refuses to launch criminal proceedings has now been ordered. but i made my online statement not because i want compensation for my hills but because i have been falsely accused 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 larry left to slowly rebuild his life with the help of friends and family serf r.t. . well fred we're from the christian science monitor says media coverage helps bring privileged offenders to justice you know this is not an unfamiliar scenario in a lot of places it is perfectly calm and in almost every country that the rich get a better ride in legal systems if only because they can hire better lawyers and and find their way navigate through the system better and the thing you notice is that the intensive press coverage that forces the authorities to make a show of treating them equally the more publicity the more light that shone on this the better the better it will be that's fred we're moscow correspondent for

the christian science monitor coming up for you here on arts he storm is looming on the british horizon. 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 as the u.k. fights to recover from the credit crunch some say nothing's been learned and the worst is yet to come. global security and fighting common terror threats are in focus for the leaders of russia france and germany they're meeting in the french resort to also discuss how to make their contingents fragile economic recovery sustainable katarina as out of a report on the story. the tranquil setting of the french seaside town is said to be the perfect backdrop for this so-called dialogue a meeting between the heads of state of russia germany and france presidents. and.

are expected to discuss a number of issues relevant not only to their countries and specifically to european matters but also to issues that are relevant to the international community. promoting unity in the international community and improving existing international security institutions are fully aligned with the goal of economic and political modernization in russia such an approach requires overcoming old stereotypes and i think we've had some successes in this area the recent development of our ties with the u.s. improving relations with the recent border deal with norway and many other of our foreign policy initiatives demonstrate how this approach works. in their discussions subjects like the ongoing situation in afghanistan peace in the middle east iran's nuclear ambitions all those things are going to make their way onto the agenda. from france and germany sit down to the table but of course topping the agenda will be matters relevant to europe itself specifically matters of security

and the proposed plan for a global security system such as setting a meeting of three heads of state is a lot more personal and therefore they are expecting to get a lot more results from. russia's relations with nato the north atlantic treaty organization will have to discuss and that is also going to be on the agenda pacifically the european plans for anti-missile defense and how russia could be incorporated into those plans they will be discussing the consequences of the financial crisis also on the agenda are expected to be. slightly more relevant to russians. russian citizens wishing to travel to europe at the moment of course they are obliged to. a sham getting visa in order to travel within the e.u. the matter of russians being able to travel to europe without these is something that russia has brought up frequently but of course everybody here and all of the

observers are very early paying attention to what will be said about this concept of a more global approach to security specifically to european security and that of course is what we'll be updating you as a member get new information. well russia has consciously left out of the european security system by not being part of the e.u. or nato that's according to political expert of foods says that's why moscow is pushing for a joint security alliance. russia's goal is to make the european security the irony of the situation that russia which is an important country in europe. important state is not poured over european security system as of today the european security system is nato and where they were part of it so both were proposal of means video to build a common security space is to bring russia and some other countries which are still

like ukraine into the common european. security decision making. and you can watch the full interview with you can off next hour right here on auto . well the u.k. is bracing itself to hear about public spending cuts worth tens of billions of pounds the coalition government will reveal the comprehensive spending review on wednesday it aims to dramatically cut the budget deficit and put the country on the road to financial recovery but some economists say the worst is yet to come. amid 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. there are a lot worse to come i think worse still to come i think the worst of it has more to

come how much a lot 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 a saying that the other than solving the issues that caused the last financial crisis governments and central banks like the bank of england behind me i actually leading us towards an even bigger meltdown and they can see even seem to agree on was 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 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 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 of. the money from the tax man sobs. chasing people who can't bear even though be a problem that idea may come home to roost early as 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 am it r.t. london. and still ahead for you in the program it's a rich man's world find out how new york's wealthy and glamorous are leaving some homeless and hungry. russia's a southern across nodar region is mourning the victims of last week's flash floods the lives of fourteen and left twelve missing the floods followed heavy rain that caused rivers to burst their banks and spill over into nearby areas twenty villages were completely swamped with their own five thousand people still caught up in the disaster the storm also led to mudslides in the mountains blocking several sections of the north cook asian rail word cleanup operations are still underway and

authorities have promised to help all of those affected. now let's check out some other stories making headlines around the world this hour and a student blockaded entrances to schools and set vehicles on fire in paris and marks say they've joined nationwide protests against government pension reform plans nearly a quarter of gas stations across france have now run out of petrol as truck drivers throw their weight behind the strikes there are also fears the shell's de gaulle airport in paris could be left without fuel workers say they won't stop protesting until the pension bill is abandoned the senate is to hold a deciding vote on wednesday. thousands are fleeing their homes after a super typhoon hit the northern coast of the philippines meteorologists so warm the typhoon is capable of causing catastrophic damage one man has already drowned and a state of emergency has been declared it's been four years since another storm of

similar strength triggered months slides and left dozens of people dead. an indian high court has begun hearing an appeal by the only surviving gunman of the mum by terror attacks from two years ago pakistani national mohammad cuss is expected to contest the death sentence handed to him in may he's accused of a mass murder committing a terrorist act and waging war on india has been his accomplice were convicted for the bloodiest part of the attacks killing more than fifty people the hearing is due to last several months. well three civilians are being killed by a roadside bomb in southern afghanistan police say the explosion occurred as they were inspecting a suspicious package the blast that killed three passers by eight other civilians were injured nine security guards protecting a nato supply convoy were killed in the south of the country in what was thought to be a taliban attack. well those are more blood stains the afghan war effort washington's

trying to clean up its own act a u.s. soldiers to face a court martial for allegedly killing unarmed afghans for fun while high on drugs he's one of the twelve troops who faced similar charges artie's military contributor says america's shooting itself in the foot with this drug policy there are a lot of difference between the server at an american experience in afghanistan but one of the most insidious. and the harmful difference is that it was cia who initiated their 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 off twelve scalps scrapers and sports shooters demonstrates to what extent the u.s. drug store pot policy in afghanistan has backfired according to the latest data the whole platoon of the stryker brigade was heavily on dough even before their deployment from the continental united states to khandahar province as a result of these bloody sculp scrapers totally dismantled this wrapped it and destroyed the whole concept of the hearts and minds of the counting insurgency

policy in its application in afghanistan. new york's economy may be on an upswing but not everyone is reaping the benefits recent figures suggest that the wealth gap between new yorkers is now wind in the seventh season of reports on how the big apple is split to the cool. the lucky few are shopping for shoes worth 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 look serious 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 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 that piece of jewelry or what i had 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. right now.

we have buildings to. use parity. realtors selling luxury property are not afraid of going out of work probably the most expensive. a million thankfully in new york has rebounded quicker 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 and he terms one hundred eighty five i have to let you do the math one hundred and even fight 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 they 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 growing 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.

now you can always get the latest on everything we're covering here on our website dot com let's take a quick look at what's waiting for you online right now i was the russian capital cools off after a hot summer the city's heating up. designs from all over the world display their spring summer collections for russian fashion week. and just who are the russian mafia take all the tests to see if your knowledge of these wise guys is good enough to get you into their clothes so. now coming up for you this hour our special report on the snowy land which was once part of the russian empire for more than

a century it was then sold to america first though the business news with shoppers . hello welcome to the business program hey on a tape with michelle i was folly b.p. has agreed to sell assets in venezuela and it is russian joint venture to pay one point eight billion dollars dealing plays b.p. stakes in three joints and just about its way into gas fields in vietnam is said is probably the keys to raise up to thirty billion dollars by the end of two thousand and eleven to help the company made his financial obligations off the gulf of mexico oil spill acquisition of the finance from taking pains only whistle says i won't require additional debt. this is all part of a global expansion plan to make a big p. . 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 size. in other news lines even putin has been talking up the prospects the russian economy the prime minister told a meeting of foreign businessmen and investors the growth was returning the budget deficit will be smaller than expected he also plays that foreign investors would get some protection as same protection as russians all correspondence united it is amazing and joins me now hello seizing on what was the main elements of the prime minister's pitch to foreign business. there was only a top man to talk investments limited to has met with over twenty c.e.o.'s of the global good gracious to share their views on investment climate in russia. addressing the audience would a movement in the house explain. investments into russia when you talk to

a hundred billion dollars that the serious some and he explained how attractive russia economy is noting the upcoming privatization of very interesting assets the house of the head which corporations such as spezza go tell him nor areas to the young and express their concerns of what preventing investment to flow into russia and that is administered barrier slack up access to infrastructure and to lay before city issues says the last year emitting the last point i don't believe the flooring labor issue has moved up from the down start and that's thanks to the new law that eases the regulations of the korean labor high skilled labor force so access to go to russia vladimir putin odd talking to the business men so that actually russia doesn't make a difference between domestic and foreign business is. the shit we do make a distinction between russian and foreign business when it comes to protecting the

rights of investors it's important for us to create comfortable conditions for those who want to make investments in russia to develop their business to promote their goods and services. smart investments. not only money but also technology that will draw she's looking for boarding to live in a putin high tech business is one of the main themes of the discussion as well as a bank spirit development a regional development at customs regulations to summit may sound as a repeat not belong to your meeting but is it one of the foreign companies member has voted and a meeting with the governments adds value. to united thank you very much that update as our correspondent. covering the meeting of russian prime minister and foreign investors. take a look at the markets now in russia they are. a mix most of the main players are in the red in the engine posting biggest losses and forming one of the prices talking

with. the rise of more than two percent strong report first nine months ago he did . european stocks are trading floppy shares of philips electronics pulling nearly five percent off the group offered a clear outlook for the rest of the year and found do with rio tinto and b.h.p. billiton is also weighing on china's london for its three percent. so news in brief for you now russia's largest food retailer chain magnates has increased by thirty almost two hundred forty million dollars in the first nine months of the year turnover was five point four billion dollars that's a jump of thirty five percent on the previous year results considering. full cost as no one with top gain is on the. side. you can always find more stories on our website on the dot com slash business.

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