as scenes of lawlessness spread to other cities including birmingham liverpool and bristol all the prime minister has cut short his holiday in italy to hold emergency government meetings artie's or anybody 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 i believe it is just about a hundred meters behind me a car is on fire the hair is full of crude 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 judged 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 used writing out now to other parts of the country croydon which is probably about thirty miles away from lugging a big part of florida 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 largely a big perpetrated by ethnic minorities it has to be said and 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 so i've been visiting the parts of london that had soup or 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 looters 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 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 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 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 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 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 of unemployment then are losing their lives and services youth clubs have been closed those never an excuse for violence the community was attending. the war isn't concerns of community about the death of doctrine or the question is a far tottenham has one of the highest unemployment rates in london particularly amongst the young black people of 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 so many groups. these groups. get are you sure you know that.

it's. all no racist. but. you know something should be done unless these gang. have 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 fear 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 with the cuts in government spending looming over the next few years the situation is very unlikely to get any better. or to crack the. all the

team of 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 find 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 a log onto already underscore call for more. now 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 many victims of the 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 scotland 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. 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 of the u.k. riots by participating in our latest poll again you can log on to our website r t v dot com to contribute to today's topic and we're asking you what's the driving force behind the u.k. riots or so far the most popular response is this day over the economy over a quarter of you say it's a failure of multiculturalism and some of you say that criminals are hungry for. that and heavy handed policing are to blame. i'm 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. has more from new york.

market reaction to the historic downgrade of america's credit are sure it 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 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 they were 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 an abandoned shell with more than half of the population running 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 all to as i'm saying it's ready to implement a fast track reforms to encourage domestic consumption and withstand the economic struggles priya 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 at the in 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 p. in countries that handle what's going on in the united states 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 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 the u.s. . air response to the interesting chinese paper that the united states really need to move away from far away his way out of this mess is 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 join forces to save their call money call them e 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 and exceed our ships he reports.

rioting in greece shock waves from the country's economic crisis were felt across the european union and shaking international markets worldwide while parts of europe have been teetering on the edge of economic abyss poland 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 here. 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 how can we help out someone else without solving our own problems it's almost guaranteed that prices would go up and we join the euro zone because all this 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 their country to join 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 partly due to a boring binge allowed by your membership and associated low interest rates being outside the eurozone meant 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 play. maybe for another four years you say poland is obliged to adopt the euro once it meets the economic rules to join you but both are now much cooler on the idea that ministers saying the user needs to get its house in order first appears very important for us. the need for institutional changes. i mean the economy governance of euro zone. crisis management we need for the euro zone before. the target date. set up the rules requiring pulled in to eventually join the euro were certainly a rover cannot be crisper its which seems a world away from the to. the game has changed in the you look everyone once wanted

to join me now would be the invitation no one wants to accept. it will do for you or. let's have a look at some other top news from around the world this hour the leader of libya's rebel movement has dismissed his executive committee and response to the killing of the opposition military chief last month members of the national transitional council libya's highest rebel authority support the reshuffle well they said the move was in response to the incompetence surrounding the generals protection and the subsequent meanwhile nato airstrikes continue in tripoli the ongoing civil war in libya started over four months ago with a nato forces joining in march. tell me 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 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 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. now syria's neighbors are turning up the heat on damascus to end its crackdown on protesters saudi arabia kuwait right now have recalled their ambassadors 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 strongholds with 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 assad earlier pledged democratic reforms which he claims damascus 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 a message to the syrian people that he can be taken seriously trusted in his promise is a tool of diplomatic consideration is no longer. that clear.

norms of power but even so in a very tired way there is a sense from assad really the ease by which she 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 reform 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 tired that she's almost willing to relinquish power at the moments 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 smear barack is now seeing all we have more news on a syria for your website 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 onassis cherie who she felt was behind her husband's assassination have been on earth than will soon be released to the public. now american financial struggles of left many wondering how much worse things could get in the future but for us towns already going through economic hardship a new blow could be too much to handle artes and us to see it sure can 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 by some compared to post evacuation chernobyl by others it is a sad thing really is and 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 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 once boomed with manufacturing jobs but competition from overseas led to a ninety percent cut in the work force the one industry. down once the steel plant . suffered its loss of thirty thousand jobs. that meant that the population. revenues for the city would go to an 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 out. to this here i mean. you know the pain 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 door shut windows locked mom and pop shops abandoned the two growth businesses are strip clubs and. truck stop eating places city hall stands right across from a former hotel a haunting sight during dairies he clears 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's only hopelessness building up to makes me sad maybe pissed me off but it's like. well i think it would be best if i relocate you know the way i see it anyway better

than here nothing here. 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 places like this are being a race from the map of america and. gary indiana. i'll be back with the headlines shortly but before that the business news with marina. hello and welcome to business here on r.t. now global stock markets nose dived on monday and the u.s. bourses were leading the downward spiral the dow lost five and a half percent and the nasdaq ended almost six percent in the red but city day is where most asset management believes that what's economy will stave off any major

recession due to the growing prominence of emerging markets world are going to be will still grow probably at a bit less as lead a pace that was expected before asian markets and china but keep your interest like play higher and higher all as the world's engines and we believe it will be again very natural for russia to diversify the. resources supply the western part of the world great more and more we asian markets in china and we already see the positive developments on that front. let's take a look at the markets now gold has hits 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 ussing 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 sued dollars fifty brands is down to one hundred and sue dollars their per barrel in oil prices have shot fifteen percent since the start of all this to wait by fears that economic recovery in the u.s. has that ever rough patch studded implores that knew was that a loan seven crisis down by six percent on monday. and then they show stocks couldn't see a need to get hammered following the massive sell off on the wall street the nikkei is shedding over one percent in the south while hong kong's hang sang is dumping almost four percent it's among the worst performers are banks and exporters bank of china is down over six percent and sony is lucent over four percent and here in moscow the arts yes has just opened and it went straight into the red it's now down over five percent it's been my sex was such

a way to assure you that both exchanges suffered the biggest one day fall in more than two years on monday the r.t.s. lost almost eighty percent of the my sex close five and a half percent in the red. well market players continue. to financial group says they're still waiting for news that could guide panic in markets. today i think all eyes will be on the federal reserve meeting of which will take place towards the united states' time with their narco statement on the market and investors so clearly will focus not on the interest rates decision which most likely will be kept and changed but will focus on their darkeys 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 market would be 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 following the u.s. debt ceiling deal that took place on august second which basically leaves just one or two 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.

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

welcome back half past the hour and here's a quick look at the top stories on our team britain is on a full scale a word as seen some violence and destruction to flare beyond one day 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 four nash. crisis despite a public message of defiance from president obama but as the u.s. credit downgrade trigger a freefall on global markets india claims its economy could actually benefit from the situation. the eurozone tries to whether its economic storm poland's shelving of plans to adopt a single currency highlights a broader european desire to stay out of the euro crisis. well we're.