hundreds of lawlessness spread to other cities including birmingham a liverpool and bristol well the prime minister has cut short his holiday in italy to hold emergency government meetings artie's lore and it is keeping a close eye on the situation. in east london where the streets are full of police and all the streets are full of rioters i believe it is just about a hundred meters behind me a car is on fire here is full of great smoke 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 breaking out now to other parts of the country croydon which is probably about thirty miles away from logging parts of poison on fire and we're hearing that the violence is already over both also spreads writes 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 as i say has been going on for three nights so i mean business makes the parts of london that had been affected and here's my report from some of. london's burning rioters and police take over the capital for a third night as his 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 in hackney where the right to set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but no cordon 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 wages looted shops making off with whatever they could carry in nearby edmonton a man was stabbed south in brixton riots as 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 all of our sources ration america you know and it just sad that it's not it's a 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 draw a tinderbox 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 fantastic precious by how levels on a ploy moment then are losing jobs their lives and services youth clubs have been closed those never an excuse for volunteers the community is a tune the pull of the war isn't concerns and complaints about the death of mark duggan or the spark which has a 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 saw violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers are sure many groups. these groups. get are you sure you know the book move there.

no racist. but. you know something. unless these gangs of youths 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 unrest on the streets in the coming days the losers aren't 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 for years and with cuts in government spending looming over the next few years the situation is very unlikely to get any better. or to the east. well a team of r.t. correspondents is currently in london bringing you the most recent updates on the

situation on our twitter account or you can follow all the latest developments there on twitter slash r t underscore com and one of the latest comments they reveal that three hundred thirty four arrests have been made so far our vehicles have been deployed onto the streets of iran west london while looting continues across the country again you can log on to r.t. underscore com for more. well with police stretched beyond their limits looters some as young as fourteen have been clearing the shelves of abandoned shops andrew gilligan from the british newspaper the sunday telegraph was just one of the many victims of the violence i was i was mugged i was pulled off my bike and my bike was stolen by. it's. on the way to the. about forty five minutes ago i spent most of the day and saw which is where it all kicked off. people who would lost their homes 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. taking a bone to edge of what they see is a lawless situation and overstretched police forces to do their worst and help themselves to free goods 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 by. lots of. 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 on the u.k. rights bipartisan meeting in our latest poll you can log on to our website that's our deep dark card to contribute to today's topic and we're asking you what's the driving force behind the u.k. riots we have a chart so far the most popular response is the failure of multiculturalism well over a quarter of you say it's the dismay over the economy and some of you say that criminals hungry for profit heavy handed policing are to blame. to america now where the stock markets are in freefall as investors rush out in reaction to the u.s. losing its aaa credit rating and that's why president obama's speech in which he declared america was still an economic powerhouse. has more now from new york.

market reaction to the historic downgrade of america's credit are should 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 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 triple a 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 they were favorably to the fact that standard and poor's did downgrade america's credit for the first time ever in history well later on visit one american city that highlights the devastating consequences of an investor retreat once a buzzing urban center the area is now a battered shell with more than half of the population running away from the national despair. or asian markets have been hammered amid

fears the u.s. is heading for a recession but india has react. did with optimism saying it's ready to implement a fast track reforms to encourage domestic consumption and would stand in the economic struggles are 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 aston 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 pm countries to handle what's going on in the united states we have indeed 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 but 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 an area sponsible and they're saying a chinese newspaper recently said that the united states really needs to move away from. 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 arty's business is keeping a close watch on the world's markets let's now cross over to merida how are the a russian stocks responding to the mayhem well the russian stocks are close right now the open in less than an hour but on monday they pretty much follow. the states and in the session. it was actually the biggest one day for more than two years the

r.t.s. lost almost eight percent. while the bisects closes session five and a half percent in there right now investors are cautious their stay away from risks and their turn into safe haven assets but i'll tell you more about that in our business later in the program. we'll see you in just a few moments then thank you marina. well as the euro zone members join forces to save their common economy one a e.u. state is happy it isn't of bailing out the single currency or poland was supposed to join the euro zone next year but those plans are now on ice with the warsaw eager to stay out of the crisis artie's alexy ownership scheme reports. rioting in greece 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 pauline 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. 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 help out someone else without solving our own problems it's almost guaranteed that prices would go up. 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 the euro club was seen as something very exclusive polls aspired to that they wanted their country to join the euro now the name of the euro has been sought. by the troubles in greece and italy don't want to be dragged into this crisis if the government forced the euro issue try to bring

poland to the euro zone 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 e.u. rules 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

. crisis. before. date. 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 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. let's not have a good have a quick check on some other top news from around the world the leader of libya's rebel movement has dismissed his executive committee in response to the killing of the opposition military chief last month members of the national transitional

council libya's rebel forty support the reshuffle well they said the move was in response to the incompetence surrounding the general's protection and subsequent meanwhile nato airstrikes continue into tripoli the ongoing civil war in libya started over four months ago with the nato forces joining in a march. hotel maid who accused former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil lawsuit against him nothing who is seeking unspecified damages claims she was left by the ordeal. was detained in new york back in may and was originally placed under house arrest well he has pleaded not guilty to the chargers 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 caused by the worst drought in sixty years the first of the three planes delivered tons of emergency supplies including a shelter materials the shipment was made possible after local islamised 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. now syria's neighbors are turning up the heat on damascus to end its crackdown on protesters saudi arabia kuwait and bahrain have recalled their ambassadors from the country and turkey's foreign minister is also expected in syria on tuesday. with a tough message for president assad well this comes as government forces are stepping up their assault on opposition strongholds tank and artillery fire more than three hundred people have reportedly been killed in syria over the past week it's the bloodiest of the five month rising against the regime and solder earlier

democratic reforms which he claims damascus needs more time to reprimand and political analyst patrick a stance 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 now 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 go into a 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 tied 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 some of barack is now seeing. more news on syria for you on our website that's our dot com along with latest updates videos and blogs and here's a taste of what you can find there right now on the so-called hacktivists carried out an attack against the syrian regime by hijacking the country's defense ministry website. secret tapes of jackie onassis sharing who she felt was behind her husband's assassination have been unearthed and will soon be released to the public

. american financial struggles have left many wondering how much worse things could get in the future but for us styles already going through economic hardship a new blow could be too much to handle artes and associates who are 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 chornobyl by others proving that really is. very depressing. when you see something like this in this kind of condition to

just continue to. 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 fall into the sky disrepair. it's like. the storable soul 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 speed. filled with the 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 no six the town of gary wants move into

a 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 that 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 exclusively 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 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 it's still not going to hear 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 hope is long term. 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 dairies 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 to makes me sad maybe this. is right. where i think it would be best if i relocate you know the way i. read it here never

here are bright but legally 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. having more ahead for you including top stories and a spotlight with al gore and all that after our business bulletin with marina. hello and welcome to business here on artsy global stock markets nose dived on monday and the u.s. forces were leading the downward spiral of the dow lost five and a half to sense and the nasdaq and that's almost six for sons and the red bud sort of day. asset management believes the world's economy will stable find a major recession due to the growing prominence of emerging markets. world are

going to be will still grow broadly at the less as lead a pace that was expected before asian markets and china in particular the contras like india will play higher and higher role as the world's engines and we believe it will be again very initial for russia to diversify bede. resources to the western part of the world to 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 gold has hit a new record high for the second day in there oh it's now adding over two percent trading at almost seventeen hundred and sixty dollars this our precious metals are seeing strong safehaven demand the mid market turbulence and massive sell off across the board. and that's a different picture with oil prices are down to the lowest level in more than eight

months light sweet it's losing almost three dollars while brant is by two dollars they're trading at about one hundred one and fifty cents this hour and all prices have shot fifteen percent since the start of all this the way by fears that the economic recovery in the u.s. has sort of rough patch set in poor's downgrade us that alone sent prices down by six percent on monday. in asia stocks couldn't sing needs to get hammered following the massive sell off on the wall street the nikkei xnews in the over two percent while hong kong's hang seng is dropping six percent this hour among the worst performers are banks and export of spike of china is down over six percent and sony is losing over four percent. and here and moscow the markets will start trading in less than an hour they suffered the biggest one day fall in more than two years on

monday the r.t.s. lost almost eight percent of all the my sex close to five and a half the cents and the dreads. although deja vu may be the best word to describe investors' feelings at the moment jacob now from morgan stanley says the current situation not the precursor to a double dip there are risks out there things could go wrong but you don't have the same level of leverage in the financial markets that you han't then you don't have the same exuberant valuation you don't have the same sort of excess confidence that you had three years ago so i think the risk of a sudden deep correction is much less. that's all the business news for now the headlines are next to.

for the. we've got. the biggest issues get. face to face with the news makers.

welcome back a quick recap of the main stories we're covering on our t.v. britain is on a full scale alert as scenes of violence and destruction of 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 mayhem. wall street hits a new low since the two thousand and eight financial crisis despite a public message of defiance from president obama but as the u.s. credit downgrade freefall on the global markets. could actually benefit from the situation. plus as the euro. zone tries to whether it's economic storm poland shelving their plans to adopt a single currency highlights a broader european desire to stay out of the euro crisis full news bulletin at the top of the hour but first spotlight talks to the winner of the two thousand and a world press.