britain is on full scale load of scenes of violence and destruction flare beyond london after three days of clashes between riders and police. wall street hits a new low says the two thousand and eight financial crisis as fearful investors withdraw from the u.s. sending shock waves across world markets. plus as the eurozone tries to whether its economic storm poland's shelving of plans to adopt the single currency sends a signal to all the union members that you don't need the euro to be european.

coming to you live from moscow you're watching martin thanks for being with us now buildings on fire windows smashed and shops looted well these are the scenes devastating the streets of london after three days of violent riots police are deploying thousands of extra officers to contain the situation as scenes of lawlessness spread to other cities including birmingham liverpool and bursts the prime minister has cut short his holiday in italy to hold emergency government meetings are his lawyer and it is keeping a close eye on the situation. in the east london where the streets are full of police and all the streets are full of rioters my glutes is just about a hundred meters behind me a car is on fire the hair is full of quit smoking you might be able to hear the police helicopters circling above me as police try to get control of the situation

there are about one hundred fifty people in the street just around the corner we went round there but we just it was too dangerous to stay and it's not just here in hockney that has been volatile in brixton and it also is breaking out now to other parts of the country croydon which is probably about thirty miles away from looking up because of poison on fire and we're hearing that the violence has already overcoat also spreads rights to forming that there are all sorts of people on the streets here but it is largely big perpetrated by ethnic minorities it has to be said that there's a lot about arrests and this is certainly the worst violence that we've seen so far it hasn't been confined to the hours of darkness at this as i say has been going on for three nights i mean business take the parts of london that have soup are being affected and here's my report from. london's burning rioters and police take over the capital for a third night as leaches target yet more areas of london in a spiraling cycle of violence on monday night the violent shoot

a few signs of abating in fact it spread further around the city said here in east london it happening where rioters set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but no court and police sealed off streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting engulfing north east and south london in enfield looted shops making off with whatever they could carry in nearby edmonton a man was stopped south in brixton riots astrue rocks at police. and in tottenham where it all began the high street is a burned out shell of the police the job center are the banks everything that's happening the recession you know there's a lot of anger about that no jobs nothing for the youths to do so yeah i block out our third australian or anger you know and it it it is sad that it's the it's

the poor people that's suffering it was sparked by the three coup shooting by police of this man mark duggan tottenham once on says about why and how he was killed but his shooting with just a spark in an exceptionally dry tinder box tottenham and other london boroughs have long been simmering with resentment towards the police towards social injustice and towards unemployment this is a community which is a fantastic precious or how little zone a ploy moment when are losing their lives and services youth clubs being closed there is never any excuse for it's the christians attend. the warrants and concerns and complaints about the topic are talking with a stark witness for tottenham has one of the highest unemployment rates in london particularly amongst the young black people are far more likely to be stopped and

searched by police than whites and together with hackney brixton walthamstow and lewisham which also store violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers stormily groups. these ethnic groups interest. groups are you sure you know the global the. straits. all know races poorly varies. but i do think. something should be done unless these gang. of use tire of the violence there doesn't seem to be a real reason why this looting should stop it's unlikely the perpetrators have jobs to go to and school's out for the summer london residents fear more on rest on the streets in the coming days the news is on making a political point and hardly anyone in these communities supports them but many are

saying that there actually is a political point that social integration in parts of the country is deplorable social mobility is nil and the relationship with the police state is bad as it's being seen is and with the cuts in government spending looming over the next few years the situation is very unlikely to get any better nor at its own t. actually is not that. well a team of arty correspondents is currently in london bringing you the most recent updates on the situation on our twitter account where you can follow all the latest developments there on twitter slash r t on the score card and one of the latest comments they reveal that three hundred thirty four arrests have been made so far armored vehicles have been deployed onto the streets of illegal just wondered why looting continues across the city called on to our to underscore part four. hundred kilograms from the british newspaper the sunday telegraph was caught up in the middle of violence. i was i was not there i was pulled off my bike and my bike

was stolen by. on the way to the studio literally in about forty five minutes ago i spent most of the day in tottenham which is where it all kicked off interviewing people who had lost their homes as a result of these riots and they are furious with the writers they say that what happened to mark duggan the man who was shot by police is absolutely no excuse at all for what happened to them they blame the police for not being quick enough to contain the trouble in time in the first place and quite clearly what's happening in hackney and. akerman croydon and all the other places where this order has broken out tonight has absolutely nothing to do with the police shooting of a man ten miles away and it's not anger at all i think it's pure criminality and we're taking advantage. of what they see is a lawless situation and overstretched police forces to do their worst and help

themselves to free goods some of these it spreads very quickly this kind of thing we've seen it in fact in the arab world we've seen it social media spreading unrest in the arab world probably for the good but here it's spreading exactly the same way arguably for the. there are lots of kids on blackberries and instant messaging and twitter and all the rest of it spreading the word about where the next rock is going to be and they might be able to move faster than the police i think perhaps i mean if this carries on like this it is quite worrying it does seem to be breaking out in four or five different parts of london where you can share your opinion are the u.k. rights not participating in our latest poll you can log onto our web site r.t. dot com to today's topic and today we ask you what point will the u.k. authorities control the writing well so far the most part response is that the wave of unrest will spread across europe. over

a quarter of you think that more arrests of prosecutions are needed and some of you think that introducing heavy weaponry will stop the rioters and that u.k. cities will face more violence and looting before everything is starting. to american out where the stock markets are in a freefall as investors rush to sell bonds in reaction to the u.s. losing its aaa credit rating and that's despite president obama's speech in which he declared america was still an economic powerhouse. it has more from new york. market reaction to the historic downgrade of america's credit are shared in the worst day on wall street since the two thousand and eight financial crisis all three major u.s. stock indexes plummeted between five and seven percent on monday now all of this coming just after standard and poor's downgraded the u.s. credit kicking america out of the triple a club this is already

creating a climate of uncertainty or increasing this climate of uncertainty and lack of confidence among investors when they look to the stability of the u.s. economy u.s. president barack obama of course try to inject some optimism into the public and into the markets on monday saying that america has been and always will be a aaa economy he says that washington's problem is not a lack of policy or plans but a lot of lack of political will and he says many lawmakers have been insistent on drawing lines in the sand and now it is urgent for both parties to come together to come up with a long term approach on how to reduce the deficit in the u.s. the u.s. has a debt of fourteen point three trillion dollars and growing and at this point many investors as we saw on monday are selling now and asking questions later clearly

the markets have not been reacting favre favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. and the views of one american city that highlights the devastating consequences of investor retreat lots of was the urban suburb the area is now an advantage with more than half of the population running away from the national dispute or. asian markets have been hammered with fears the u.s. is heading for a recession but india has reacted with optimising optimism but is saying it's ready to implement a fast track reforms to encourage domestic consumption and would stab economic struggles or peace through your shooter is bringing us the latest on the financial situation in asia from new delhi. asian markets have been tumbling in reaction to the latest news of the us than p. downgrading of the u.s. economy but actually many politicians and many analysts in india think that this

country will only be affected in the short term by what's happening that they're actually better equipped than many western countries especially your opinion countries to handle what's going on in the united states we have indeed as finance minister pranab mukherjee coming out and saying that this is only going to be really a short term impact analysts are saying that the bric countries will in the long term be last the fact that by what's happening in the united states that actually if investors move if they continue on this risk aversion path and move away from u.s. treasury bonds they might actually feel more comfortable investing in these emerging markets like china and india china has taken a much stronger stance on what's going on they've called the u.s. . bait moral irresponsible and they're saying a chinese newspaper recently said that the united states really needs to move away from borrowing its way out of its messes but india on the other hand has had more

of an optimistic response to what's going on and china and they're really hoping that in some way they might be able to benefit from all of this. well as the euro zone members join forces to save their common economy one e.u. state is happy it isn't bailing out a single currency poland was supposed to join the euro zone and next year but those plans are now on i sort of warsaw eager to stay out of the crisis artie's alexy airships he reports. rioting in greece shock waves from the country's economic crisis were felt across the european union shaking international markets worldwide while parts of europe have been teetering on the edge of economic abyss holding has remained stable in the storm along with this currency. there is a widespread belief in the country that being outside the euro has helped keep poland out of trouble. because. commodities market is not in good shape if we

were part of the eurozone then we would have been obliged to help countries like greece and portugal happily help out someone else without solving our own problems it's almost guaranteed that prices would go up and we join the euro zone which would damage my business. recent opinion polls suggest that more than sixty percent of balls want to keep their own currency a dramatic turnaround from just a few years back a few years ago the euro is seen as a euro club was seen as something very exclusive holes aspired to that they wanted a country to join the euro. name of the euro has been sullied by the troubles in greece and italy poles don't want to be dragged into this crisis if the government forced the euro issue tried to bring into the eurozone it could be political suicide poland has fared much better than many of its e.u. partners in the global crisis several countries like greece ireland and portugal are on the brink of disaster partly due to

a boring binge allowed by your membership and associated low interest rates being outside the euro zone member could not join the party but now. does not have the hangover once the top political priority in the country euro zone membership has now been put firmly on the long finger poland was meant to have the euro by next year at a time when the country is co-hosting the twenty twelve european football championship but with the latest developments these plans may be shelved for another four years if you rule say poland is obliged to adopt the euro once it meets the economic rules for joining but polish politicians are now much cooler on the idea with ministers saying the eurozone needs to get its house in order first place very important for us. the need for institutional church interests. and eurozone. governance a funeral zone and also some crisis management changes we see some need for

change in the euro zone before the. character date. set up the rules requiring poland to eventually join the euro were set in an era over cannot be crisper it see which seems a world away from the gloomy climate today the game has changed and the euro club everyone once wanted to join may now be the invitation and no one wants to accept. let's see richard ski will do for you or sure paul and. now let's look at some other top news from around the world the leader of libya's rebel movement has dismissed his executive committee and response to the killing of the opposition military chief last month and members of the national transnational council transitional council that is libya's highest rebel of forty support the reshuffle they said the move was a response to be incompetence around the general's protection and subsequent

meanwhile nato airstrikes continue in tripoli and the ongoing civil war in libya started over four months ago with nato forces joining in. the hotel maid who accused former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil lawsuit against him that we saw who is seeking unspecified damages claims she was left humiliated by the ordeal and was detained in new york back in may and was originally placed under house arrest well he has pleaded not guilty to the charges and has since been released on one million dollars. the united nations refugee agency has airlifted humanitarian aid into the war torn capital of somalia for the first time in five years it comes as the country battles with a devastating famine caused by the worst drought in sixty years the first of three planned planes delivered tons of emergency supplies including a shelter materials the shipment was made possible after local islamist groups who

earlier prevented the deliveries pulled out from mogadishu more than twenty nine thousand children under the age of five have died in the last ninety days in southern somalia alone. syria's neighbors are turning up the heat on damascus to end its crackdown on protesters saudi arabia kuwait and bahrain have recalled their basters from the contrie and charities of foreign minister is also expected in syria on a tuesday with a quote tough lesson. for president assad this comes as government forces are stepping up their assault on opposition strongholds with tank and artillery fire more than three hundred people have reportedly been killed in syria over the past week bloodiest of the five not uprising against the regime but are suddenly are pledged democratic reforms which he claims to mask this needs more time to implement political analyst patrick hastings the president is on the verge of stepping down from power. if assad is serious about promising democracy and

sweeping constitutional reforms that he has promised then clamping down on freedom of speech and freedom of expression which is the cornerstone of any democracy is not sending out a message to the syrian people that he can be taken seriously or trusted in his promise is a tool of diplomatic consideration is no largely absent in assad's regime they're clinging on to power but even so in a very tired way there is a sense from assad to really be eased by which he started to say this is the end of you know single party rule and he will start to think about elections and the way in which he previously portrayed himself and his party as the only guarantors of syrian stability but is now talking about major constitutional reforms i mean really there's a real uncertainty about what he's trying to do there very isolated they don't really know where they go in fact kind of stuck between a rock and

a hard place they don't know what to do but the sense i get from assad is a seems very tired that he almost willing to relinquish power at the moment but i think there's a reluctance to want to relinquish power because i suspect he is very worried he'll meet the same treatments that some of barack is now seeing. more news on a syria for you on our site that's archie dogcart along with latest updates videos and blogs and here's a taste of what's on my plate you the so-called hacktivists i've carried out an attack against the syrian regime hijacking the country's defense ministry website. in secret tapes of jackie onassis cherie who she felt was behind her husband's assassination have been on earth and will soon be released to the public.

american financial struggles struggles of left many wondering how much worse a pigs could get in the future but for us towns already going through economic hardship and the economic blow could be too much to take our days and to see it you're going to visit one such city. this is america's ghost town. just twenty five miles from downtown chicago gary indiana the symbol of urban blight by some compare to post evacuation chernobyl by others it is a sad thing really is. very depressing. when you see something like this in this kind of condition to just continue to be continue to fall apart this is the city methodist church today it's an abandoned show with rusted ceilings rotting junk and graffiti on these sorts of sites fall in the us the streets here. it's almost like the clock of one soul.

historical soul built in the one nine hundred twenty s. first a place of worship leader a community center that is now at the forefront of gary's decline or used to be a symbol of architectural might and brought the people of gary together is now an enormous piece filled with ruins where the only form of life for the pigeons that flying through the walls and the ceilings urban explorers historians and architects are saying that the chances of this place ever being rebuilt are close to zero so it looks likely that this place as well as many others throughout gary are on their way to completely seizing to exist. founded by u.s. steel corporation in one thousand and six the town of gary once with manufacturing jobs but competition from overseas led to a ninety percent cut in the workforce the one industry urban center came crumbling down once the steel plant. suffered its loss of thirty thousand jobs. that meant that for the population what course of the

revenues for the city would go to and so it's there that celebrated and sort of snowball gary's population has been cut by half as many fled in search of work it is now almost to. lucidly african-american over eighty four percent up to one third are poor in one of the top ten most dangerous cities in america twenty nine alan has had no work for three years there's really no. job opportunities here. you know the koreans are watching looking forward to but then again it's never hear the downtown area is now no town could mean commercial street and urban desert as the economy here collapsed so did countless businesses small and large creating a town where sites like this icon and i hope as long as the. door shut windows locked mom and pop shops abandoned the two growth businesses are strip clubs.

truckstop eating places city hall stands right across from a former hotel a haunting sight during gary's peak years places like this would become a temporary home for out of towners visiting this place the hotel is now deteriorating there are no windows left and the police cars outside making sure squatters don't get it there's no other hotel left in this town there are no investments flowing into this area nowadays instead there is only hopelessness building up it has to make me sad maybe piss me all right. where i think it would be best if i relocate you know the way i see it anywhere is better than here another year for the right completely there is not much to be found elsewhere either while gary is a symbol of collapse industry has been dying all across the us promises of a manufacturing revamp are all the rage at places like this or being a racist from

a map of america as they see it you're going to party carry indiana. we'll have a recap of all our top story shortly but before that the business news. hello and welcome to business here on r.t. global stock markets nose dived on monday and the u.s. forces were leading that down or the spiral the dow lost five and a half percent while the nasdaq ended almost six percent in the red but sygate is enough out where move asset management believes there was economy will stave off any major recession due to the growing prominence of emerging markets. well they're going to be will still grow broadly it would be less as lead a pace that was expected before asian markets and china in particular other countries like nuclear higher and higher all as the world's engines and we believe

it will be again very natural for russia to diversify and be drawn resources soap wired to the western part of the world to go great more and more with asian markets and trying again we already see the positive developments on that front. and let's take a look at the markets now gold is moving further and some record territory jumped into an all time highs for the second day and sat in almost two percent this hour trading at seven hundred fifty one dollars per ounce precious metals are seen strong safehaven demand mid-market serbians and many such sell off across the board let's take a look at what's happening with oil and it's a different picture prices are down to the lowest level in more than eight months light sweet is losing over four dollars their love brands is down to one hundred dollars per barrel oil prices have shot fifteen percent since the start of august the way by fears that the economic recovery in the u.s.

has set a rough patch set him poor's downgraded all of you was that alone son prices down by six percent on monday. asian stocks consuming needs to get hammered following the massive sell off on wall street's hong kong's hang seng is dropping almost six percent this hour while the nikkei is shedding over three percent among the worst performers are banks and that supporters bank of china is that over six percent and sony is losing over four percent. and here in moscow the markets will start trading and less than two hours to end they suffer the biggest one day fall and more than two years on monday the arts yes lost almost eight percent of all the my sex lost five and a half percent in the red. wal-mart the flyers continue to sell off log on from with greater financial corporation says they're still waiting for news that could guide panic in markets today i think the wise beyond the federal reserve

meeting which will take place a twist that it sees time with the narcan statement on the market and investors so clearly the focus not on the interest rates decision which most likely will be kept and changed but the focus on bernard his comments on the current state of the u.s. economy the european sovereign debt situation which seems to be a somewhat getting out of control as well as the s. and p. rating. that we've seen over the weekend the key expectation i would say for the markets with whether or not to put that into anything on the monetary policy that we would be looking at in the second half here in this environment given that the fiscal policy is at this point out of the question of following the u.s. debt ceiling deal that took place on august second which basically is just one tool for the u.s. government to intervene into the economy and to try to stimulate growth.

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