joins me that shows the on the violence against religion the grand imperial college that george was to school until you can the international mission viejo civility to go clear lead to the colonel was such as to retreat. it's in a song full scale alert the scenes of violence and destruction flare beyond london after three days of clashes between riders and police. wall street hits a new oses a two thousand and eight financial crisis as their full investors withdraw from the us stock market said big shock waves across the world. plus as the result price whether its economic storm poland shelving of plans to adopt the single currency highlights the european desire to stay out of the euro crisis.

ten am here in the russian capital you're watching r.t. i build ings on far windows smashed and shops looted all 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 seeds of lawlessness spread to other cities including birmingham liverpool and of bristol all the prime minister has cut short his holiday in italy to hold emergency government meetings archies or anybody is keeping a close eye on the situation. by. the logs in 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 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 just that it was too dangerous to stay and it's not just here in hockney that has been bollixed 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 the chords are on fire and we're hearing the bullets authority over 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 arrest 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've been visiting 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 looters target yet more areas of london in a spiraling cycle of violence on monday night a 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 cordon 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 wages looted shops making off with whatever they could carry in nearby edmonton a man was stopped 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 jobs i'm sorry the banks everything that's happening the recession you know there's a loss i think are about that no jobs nothing for the youths to do so yeah i don't know our first race in america 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 own says about why and how he was killed but his shooting was just the 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 under fantastic pressures are high levels of unemployment generalising kill the lives and services youth clubs been closed there's never an excuse for violence occurring to sit in the parks on the warriors and concerns untruths about the catholic worker or the spark which later 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 saw violence it's become a victim of what prime minister david cameron is now calling failed multiculturalism this. bearers of some of the best me groups. these groups. kids are usually you know the pope will the great. spirits of. english maurice all know races for the marines. but i couldn't bring. something should be done unless these guys. things of youth tire of 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 and residents fear more on rest on the streets in the coming days the losers aren't making a political points and hardly anyone in these communities supports them but many

are saying that that 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 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 nor at its core to crack me up the. other team of our correspondents is currently in london bringing you the most recent updates on the situation on our twitter account 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 armored vehicles have been deployed onto the streets of ealing in west london while looting continues across the city for log on to already underscore card for more. now with police stretched beyond their limits of 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 many victims of gun 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 studio literally 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 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. ackerman 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 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 but here it's spreading exactly the same way arguably for the bad. lots of kids on blackberries and instant messaging and twitter and all the rest of it spreading 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. i can share your opinion of the u.k. riots by participating in our latest poll again you can log onto our website our team dark can contribute to today's topic and we're asking you what's the driving force behind the u.k. riots well so far the most popular response is the dismay over the economy over

a quarter of you say it's a failure of multiculturalism and some of you say that criminals hungry for. profit and heavy handed policing are going. moving to america now where the stock markets are in a freefall as investors rush out 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 artie's medina port has more from new york. market reaction to the historic downgrade of america's credit are sure it is 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 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 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 all parties to come together to come up with a long term approach on how to reduce the deficit in the u.s. 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 later we visit one american city that highlights the devastating consequences of an investor retreat once a buzzing urban center area is now in a bad mood more than half of the population is running away from the national despair. asian markets have been howard amid fears the u.s. is heading for a recession but india has reacted with optimism saying it's ready to implement a fast drop reforms to encourage the rest of consumption and withstand the economic struggles artie's previous router 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 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 they 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 a lot 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 called us. in laurel in arish on the interchange a chinese newspaper. you know you really need to move away from far away your way out of it. but india on the other hand has had more of an optimistic response to what's going on than china and they're really hoping that in some way they might be

able to benefit from all of this. as the euro zone members joined forces to save their common economy one e.u. state is happy it isn't bailing out the single currency poland it was supposed to join the euro zone next year but those plans are now on ice with warsaw eager to stay out of the crisis archy's alexian ships reports. rioting in greece chop worries from the country's economic crisis were felt across the european union shaken international markets worldwide while parts of europe have been teetering on the edge of economic abyss poland has remained stable in the store along with this currency. there is a widespread belief in the country that being outside the euro has helped keep poland well out of trouble here. now commodities market is not in good shape but if

we were part of the euro zone 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 that we join the euro zone as well which was 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 this they wanted a country to join the euro now the 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 try to bring poland into 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 parted you to

a boring binge allowed by your membership and associated low interest rates being outside the eurozone men's pool could not join the party but now does not have a hangover wants a top political priority in the country use on 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 play. maybe show for another four years you say poland is obliged to drop the euro once again it's the economic rules the joining but since i know much cooler on the idea that minister saying the user needs to get its house in order first place very important for us. the need for institutional changes in. konami governance of the resume and also some crisis management terms we see some need for action in the euro zone

before. the target date and green set up. rules requiring pulled in to eventually join the euro worse or even the role of economic risk which seems a world away from the coup because i mean today the game has changed in the usual globe everybody wants wanted to join you know be the invitation no one wants to accept. let's see richard stick r.t. it will do for the warsaw in poland. let's have a look at some other top news from around the world this hour leader of libya's rebel movement has dismissed his executive committee and response to the killing of the opposition military chief last not members of the national transitional council the highest rebel authority support the reshuffle they saw the move was in response to the incompetence surrounding the general's protection and the subsequent meanwhile nato airstrikes continue into tripoli the ongoing civil war in libya

started over four months ago with the nato forces joining in mark. tell me who accuse former i.m.f. chief dominique strauss kahn of sexually assaulting her must file a civil lawsuit against him and office are to who is seeking unspecified damages claims that she was left humiliated by the ordeal and was detained in new york back in may and. was originally placed under house arrest 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 the country battles a devastating famine caused by the worst drought in sixty years well the first of three planned planes delivered tons of emergency supplies including shelter of materials the shipment was made possible after local islamist groups who earlier

prevented a deliveries pulled out from mogadishu more than twenty 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 the tuesday with a quote tough message 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 the bloodiest of the five month uprising against the regime i saw it earlier pledging democratic reforms which he claims the mascot's needs more time to implement our 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 they had promised then clamping down on freedom of speech and freedom of expression which is the cornerstone of any democracy is not sending a message to the syrian people that he can be taken seriously trusted in his promise is a tool diplomatic consideration is no largely absent regime there please. 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 parent thaws of syrian stability but is no talking about major constitutional reforms reserved 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 most of this is a 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 she is very worried he'll meet the same treatments that some of barack is now seeing. well we have more news on a syria for you and our web site r.t. dot com along with latest updates and videos and blogs here's a taste of what's on life right now the so-called hacktivists have carried out an attack against the syrian regime by hijacking the country's defense ministry website. and secret tapes of jackie of nasa sharing who she felt was behind her husband's assassination have been on earth will soon be released to the public.

now american financial struggles have left many wondering how much worse things could get in the future but for us towns already going through economic hardship and you blow could be too much to handle our needs and i see it short and i visited one such city. this is america's ghost town. just twenty five miles from downtown chicago gary indiana the symbol of urban blight compared to post evacuation sure noble 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. continue to fall apart this is the city methodist church 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 or 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 nine hundred six the town of gary once booms with manufacturing jobs competition from overseas led to a ninety percent cut in the workforce one industry urban center came crumbling down once the steel plant. for its loss of thirty thousand jobs. and. the population. revenues for the city will go down

and so. the rate 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 alan has had no work for three years there's really no right job out. here. again. here the downtown area is now in town the main commercial street and urban desert your shop windows mom and pop shops abandoned growth businesses are strip clubs. trucks meeting places city hall stands right across from a former hotel a haunting sight during berry'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 to makes me sad maybe because. it's like. well i think it would be best if i relocate you know the way i see it anyway here nothing here. legally there is not much to be found elsewhere either well gary is the symbol of collapse industry has been dying all across the us promises of a manufacturing revamp. places like this are being a race from the map of america and. gary indiana. back with the head my shortly before that the business news with marina.

hello and welcome to business here on our t.v. well 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 percent on the night and that almost six percent in the red but some day is where most asset management believes that what's a condemnable stave off any major recession so they're growing prominence of emerging markets. and world economy will still grow probably at the less as lead a pace that was expected before lesion markets and china but keep your other countries like india play higher and higher all as the world's engines and we believe it will begin very natural for russia to resupply. resources supply the western part of the world for great more and more ways we as asian markets and

china and we already see the positive developments on that front. let's take a look at the markets now gold has hit a new record high for the second day in a row it's now adding almost two percent trading at seven hundred fifty dollars per ounce precious metals are seeing strong safe haven tonight and the market turbulence a massive sell off across the board but it's a different picture with oil prices are down to the lowest level in more than eight months light sweet in snoozing almost dollars fifty brands it is down to one hundred and two dollars there per barrel and oil prices have shot fifteen percent since the start of all this the way by fears that economic recovery in the u.s. has that ever rough patch studded i'm wars that great of you is that i'm alone seven points is down by six percent on monday. and then they just need to get hammered following the massive sell off on the wall street the nikkei is shedding over one

percent the south dakotans i'm saying is dropping almost forty seconds among the worst performers are banks and exporters bank of china is down over six percent and sony is losing over four percent and here and also the arts yes has just opened and it went straight in see the rabbits now down over five percent it's been my stocks will start trading shortly but both exchanges suffer the biggest one they fall in more than two years on monday the r.t.s. lost almost eight percent of all the my sites closed five and a half percent in the red. well market players continue. to get down from upgrades their financial group says they're still waiting for news that could guide and they can markets. today i think the wise beyond the federal reserve meeting which will take place a twist they seize time with their narco statements on the market and their

investors are 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. rating. that we've seen over the weekend the key expectation i would say for the markets with the whether or not the fed will change 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 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. so that's all the business news for now the headlines are next with.

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