officers to contain the situation as scenes of lawlessness spread to other cities including birmingham liverpool and bristle the prime minister has cut short his holiday in italy to hold emergency government meetings argues lore and it is keeping a close eye on the situation. by here in the east london where the streets are full of police i'm told the streets are full of rioters i believe it is just about a hundred meters behind me a car is on fire the hair is full of i 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 judge that it was too dangerous to stay and it's not just here in hockney there has been violence in brixton and it's also you reading out now to other parts of the country croydon which is probably about thirty miles away from lugging parts of florida on fire and we're hearing that the violence is already over both also spread right to forming that there are all sorts of people

on the streets here but it is being perpetrated by ethnic minorities it has to be said 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 this as i say has been going on for three nights in business make the parts of london that had 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 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 in hackney where rioters set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but no call to police streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting and go thing 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 just threw rocks at police. and in tottenham where it all began the high street is a burned out shell the police the job center all 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. 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 fatal shooting by police of this man mark duggan tottenham once on says about why and how he was killed but his shooting was just the spark in an exceptionally dry tinderbox tottenham and all the london boroughs have long been simmering with resentment towards the police towards social injustice and towards

unemployment this is a community which is fantastic precious for how levels of unemployment than losing jobs their lives and services you've been closed there is never an excuse for violence the community has a tin the. war isn't concerns and complaints about the dog or the question is are far tottenham has one of the highest unemployment rates in london particularly amongst the young black people a far more likely to be stopped and searched by police than whites and together with hackney brixton wolf them stay and lewisham which also still violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers so many groups. these groups. get are you know that. there

are you. know a racist. thing you know something should be done unless these gang. as of you 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 clear more unrest on the streets in the coming days the losers 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 is that bad as it's been doing 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 pack the.

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 underscore call now 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 the west london while looting continues across the city will log on to the underscore call for more. andrew gilligan from the british newspaper the sunday telegraph was caught up in the middle of violence. i was i was mugged i was pulled off my bike and my bike was stolen by. on the way to the studio 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 home as a result of these rights 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 tottenham in the first place and quite clearly what's happening in hackney and. croydon and all the other places where disorder 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 people are taking advantage. of what they see is a lawless situation and overstretched police forces to do their worst and help themselves to free goods little is 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 there but here it's spreading exactly the same way arguably for the bad and 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 to seem to be breaking out in four or five different parts of london where you can share your opinion all the u.k. rights by participating in our latest poll you can log onto our website r.t. dot com to contribute to today's topic and today we ask you what point will the u.k. authorities control the writing well so far the most popular response is that the wave of unrest will spread across europe. over a quarter of you think that more or less 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 anything is done. to america now 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 sure been 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 now the u.s. president barack obama of course tried to inject some optimism into the public and into the markets on monday saying that america has been and always will be our 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 all 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 favor favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history. and revisit one american city that highlights the devastating consequences of an investor retreat once a buzzing urban suburb the area is now in a baddish with more than half of the population rotting away from the national

despair. asian markets have been hammered amid 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 to spear shooter is bringing us the latest on the financial situation of asia from new delhi. asian markets have been tumbling in reaction to the latest news of the athan 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 in that they're actually better equipped than many western countries especially your opinion countries handle what's going on in the united states we have india finance minister pranab mukherjee coming out and saying that this is only going to be really a short term impact analysts are thing 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. . immoral and eric font the bull in their thing a chinese newspaper recently said that the united states really needs to move away from borrowing its way out of its masses by india on the other hand has had more of an optimistic response to what's going on in china and they're really hoping that in fun way they might be able to benefit from all of this. well as the eurozone members joined forces to save their common economy one e.u. state is happy it isn't bailing out the single currency poland was supposed to join the euro zone and next year but those plans are now on ice with warsaw eager to

stay out of the crisis the next year ships reports. rising in greece the country's economic crisis were felt across the european union international markets worldwide while parts of europe have been to doing on the edge of economic boom has remained steady but when the storm along with this girl. there is a widespread belief in the. country that being outside the euro has helped keep poland out of trouble. 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 how can we help out someone else without solving our own problems it's almost guaranteed that prices would go up but 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 was seen as the euro club scene or something very exclusive poles aspired to this they wanted their country to join now the name of the. troubles in greece and italy poles don't want to be dragged into this crisis if the government forced the euro issue try to bring. 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 meant poland could not join the party but now it does not have the hangover wants a 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 the 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 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 but very important for us . just. into euro zone i mean these economic governance of euro zone and also some crisis management tensions we see some need for action in the eurozone before. target date will be. set up the rules requiring poland to eventually join the euro were set in a row over cannot be crisper its e 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 no one wants to accept.

r.t. reporting from warsaw in poland. 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 of the killing of the opposition military chief last month members of the national transnational council transitional council that is libya's highest level of support. they said the move was a response to be incompetence surrounding the general's protection and subsequent death meanwhile nato airstrikes continue tripoli and the ongoing civil war in libya started over four months ago with nato forces joining in march. the hotel maid who accused a former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil lawsuit against him not to adele 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 a one million dollars bail. 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 a country battles with a devastating famine and caused by the worst drought in sixty years the first of three plan to planes delivered tons of emergency supplies including a shelter materials and the shipment was made possible after local islamist groups who earlier prevented a 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 country and turkey's foreign minister is also expected in syria on tuesday with

a quote tough message for president assad this comes as government forces are stepping up their assault on opposition. tank and artillery far more than three hundred people have reportedly been killed in syria over the past week the bloodiest of the five month uprising against the regime well asada earlier pledged democratic reforms which he claims damascus nice 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 really that the ease by which he started to say this is the end of 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 means that really there's a real uncertainty about what he's trying to do there very isolated they don't really know where they're going to 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 that he seems very toys that she 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 will meet the same treatments that are seeing. more news on syria for you around five sites r.t. dot com along with the latest updates and videos and blogs and here's

a taste of what's on life thank you for the so-called hacktivists have carried out attacks against the syrian regime by hijacking the country's defense ministry website. 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 things could get in the future but for us towns already going through economic hardship a new economic blow could be too much to take an associate you're going to visit one such city. this is america's ghost town. just twenty five miles from downtown chicago gary indiana dubbed the symbol of urban blight by some compared to

post evacuation chernobyl by others it is a sad thing that 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 or some sites following the disrepair. it's almost like. the storable built in the one nine hundred twenty s. first a place of worship leader a community center it is now at the forefront of gary's decline were used to be a symbol of architectural might and brought the people of gary together is now an enormous space 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 nine hundred six the town of gary wants to add 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 the population. would grow smaller the revenues for the city would go to and so as that accelerated and sort of snowball gary's population has been cut by half as many fled in search of work it is now almost. lucidly african-american over eighty four percent up to one third are poor in one of the top ten most dangerous cities in america at twenty nine allen has had

no work for three years there's really no right job opportunities here. you know the pay is what you're looking forward to but then again there's still nothing here the downtown area is now no town the main commercial street and urban desert as the economy here collapsed so did countless businesses small and large creating a town where sites like this are common and hold as long for. door shut windows locked mom and pop shops abandoned the two growth businesses are strip clubs and. truck stop meeting places city hall stands right across from a former hotel a haunting sight during barry'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 in 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 does two things it makes me sad and it pissed me all this like it's like. well i think it would be best if i relocate you know the way i see it anywhere is better than here another there are bright but lately 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 while places like this are being a racist from the map of america and. gary indiana. i will have a recap of all our top story shortly but before that the business news with marina . hello and welcome to business here on r.t. global stock markets nose dived on monday in the u.s.

forces were leading the downward spiral the dow lost five and a half percent while the nasdaq ended almost six percent in the red but sygate is where move asset management believes there was economy able to stave off any major recession due to the growing prominence of emerging markets. we're going to meals to grow broadly at the less as lead a pace that was expected before asian markets and china in particular the contras like to play higher and higher role as the world's engines and we believe it will be again very natural for russia to diversify be. resources to the western part of the world to quote great more and more we asian markets in china and we already see the positive developments on that front. and let's take a look at the markets now gold is moving further into record territory jumping to

all time highs for the second day it's adding almost two percent this hour trading at seventeen hundred and fifty one dollars per ounce precious metals are seen strong safehaven demand a mid-market turbulence and massive selloff 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 there while branches down to one hundred dollars per barrel oil prices have shot fifteen percent since the start of all this the way by fears that the economic recovery in the u.s. has had a rough patch set him poor's downgrade all view was that alone stunned prices down by six percent on monday. and asian stocks conceding needs to get hammered following the massive sell off on wall street 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 exploiters bank of china is there and over six percent and sony is losing over four percent. and here in moscow the markets will start trading and less than two hours time they sell for the biggest one day fall in more than two years on monday the artsy has lost almost eight percent. once while the mice sucks costs five and a half percent in the red. while market players continue to sell all flaw they get down from one through to 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 towards the united states time with their nod to 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 on the european sovereign debt situation which seems to be

a somewhat getting out of control as well as the s. and p. re taking that we've seen over the weekend the key expectation i would say for the markets with the weather 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 all the second which basically leaves just one or two for the u.s. government to intervene into the economy and to try to stimulate growth. that's all the business news for now the headlines are next with tests.

for the full story we've got. the biggest issues get a human voice face to face with the news makers.

welcome back here's a recap of the main stories we're covering here on r.t. britain is on a full scale alert as scenes of violence and destruction flare beyond london after three days of clashes between rioters and police the prime minister has cut short his holiday to hold emergency government talks on how to deal with the may have. wall street hits new lows since the two thousand and eight financial crisis despite a public message of defiance from president obama but as fearful investors withdraw from the u.s. sending shock waves across world markets india claims its economy could actually benefit from the situation. plus as the eurozone tries to blather its economic storm poland's shelving of plans to adopt a single currency sends a signal to other union members that you don't need the euro to be european. the u.s. stock markets dropping heavily and with debt crisis.