spread to other cities including birmingham manchester 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. the streets are full of police and all the streets are full of riots as it is just about a hundred meters behind me a car is on fire the hair is full of quids 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 just thought it was just to stay and it's not just here in hockney that has been in brixton big parts of poison on fire and we're hearing that the violence is also spread right. there all schools of people on the streets. big perpetrated by ethnic minorities to be said. and this is certainly the worst violence that

we've seen the say it hasn't been confined to the hours of darkness as i say has been going on for three nights i mean business the parts of that had been affected and here's my report from that. london's burning riot police take over the capital for the third night as. yet more areas of london in a spiraling cycle of violence on monday night the violent few signs of abating in fact it spread further around the city in east london in hackney where riots has set fire to cars and tried to break into more shops meanwhile terrified residents of london could do nothing but police streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting and gophering north east and south london in enfield looted shops making off with whatever they could carry in nearby edmonton

a man with the south in brixton riots just threw rocks at police and didn't touch. the high street is it. 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 yes i mean. you know and it it it is sad that it's not 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 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 by how levels of unemployment then are

losing jobs their lives and services youth clubs have been closed there is never an excuse for violence the community was attend the ball. the war is a concerns of community about the death of well the question is are far 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 white and together with hackney brixton walthamstow and lewisham which also still violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers some of the groups. these ethnic groups. gets are you sure you know that. the. do not respect his. english loyce on the racist or the marines.

or do think. something should be done unless these gangs of youths tire of the violence that doesn't seem to be a reason why this looting should stop it's unlikely the perpetrators. jobs to go to schools 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 bad as it's been. with cuts in government spending looming over the next few years it's rationed it's very unlikely to get any better. or to crack the. well a 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 that's twitter slash r t underscore com and one of the latest

comments they reveal that three hundred thirty four of us have been made so far armored vehicles have been deployed onto the streets of the length of west london while looting continues across the city all gone to war to underscore karma for. now with police stretched beyond the limits of looters some as young as fourteen have been clearing the shelves of abandoned shops and 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 my bike was stolen by. on the way to the. about forty five minutes ago i spent most of the day in scotland which is where it all kicked off being 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 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. 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 and overstretched police forces to do their worst and help themselves to free goods level 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 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. well share your opinion on the u.k. riots by participating in our latest poll just 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. writes well so far the most popular response is the dismay over the economy almost a quarter of you say it's the failure of multiculturalism and some of you say that criminals hungry for profit and heavy handed policing are to blame. when moving 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 despite president obama's speech in which he declared america was still an economic powerhouse artie's body to port ny has more from new york. market reaction to the historic downgrade of america's credit are short 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 u.s. president barack obama of course tried to inject some optimism into the public 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. . 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 of the area is now in the band with more than half of the population running away from financial despair. well asian markets have been hammered amid fears the u.s. is heading for a recession but in the eye has reacted with optimism saying it's ready to implement a fast track reform sort of courage domestic consumption and withstand the could

all be struggles artie's 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 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 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. . arish launchable and urged a shiny new paper. you know you really can move away from borrowing your way out of it matched by india on the other hand has had more an optimistic response to what's going on than china and they're really hoping that in found a way they might be able to benefit from all of. our t's a business desk is keeping a close watch on the world's markets let's cross over to marina how are the russian stocks are responding to the may have very well the arts here asked open deep in the red but it's not actually limited also as well the my six first opened in the park but has slipped into negative territory but will have all the figures for you and your business bulletin a little later in the program i will wait for that report then thanks very much marina. well as the eurozone and members are joining 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 one ice with warsaw eager to stay out of the crisis. 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 goldman 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 give poland a lot of trouble here. if we were part of the eurozone then we would have been obliged to help countries like greece and portugal or. someone else without solving our own problems it's almost guaranteed the prices would go up it will join the euro. 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 be. 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 sullied by the troubles in greece and italy polls 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 members pulled could not join the party but now it does not have the hangover 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 gets the economic will sit joining but both politicians are now much cooler on the idea with ministers saying the eurozone needs to get its house in order first place very important for us. the need for institutional changes. in the euro zone i mean the economy governance of euro zone. crisis management. need for change in the euro zone before. target date will be. set up the game has changed and the euro everyone once wanted to join may now be the invitation no one wants to accept. party because you from warsaw

in poland. let's now have a look at some other top news from around the world the leader of libya's rebel movement has dismissed as executive. committee in response to the killing of the opposition the 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 general's protection and subsequent. made to air strikes continue in tripoli going civil war in libya started over four months ago with nato forces joining. the hotel maid who accused former i.m.f. chief dominique strauss kahn of sexually assaulting her has filed a civil lawsuit against him not. seeking unspecified damages claims she was left humiliated 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 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 caused by the worst drought in sixty years well the first of three planned planes delivered tons of emergency supplies including shelter materials and the shipment was made possible after local islamized groups who earlier prevented a deliveries pulled out of 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 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 strongholds with tanks and artillery far

more than three hundred people have reportedly been killed in syria over the past week but. yes to the five mark uprising against the regime assad earlier pledged democratic reforms which he claims that damascus needs more time to implement well political analyst patrick harris thinks the president is on the verge of stepping down from power. 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. they're clinging on to power but even so in a very tired way there is a sense from assad really 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 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 this is it seems very tired 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 smirk is now seeing. of course we've got more news on syria for you on our website that's our t.v. dot com along with latest updates and videos and blogs and here's a taste of what's on life like now so-called hatteras had carried out an attack against the syrian regime by hijacking the country's defense ministry website. and secret tapes of jackie onassis sharing who she felt was behind her husband's

assassination have been on earth and will soon be released to the public. well american financial struggles have left many wondering how much worse things could get in the future but for u.s. towns already going through economic hardship a new blow could be too much to handle artes and associate sure could have visited 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 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 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 down 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. two in the sea here. you know the pain is that 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 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 today's it makes me sad and it pisses me all weathers 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 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 party gary indiana.

well now it's time to check on the markets in our business bulletin with marina. hello and welcome to business here on ars now emerging markets are plunging to their lowest levels and months the talks a combination of the two us credit downgrade and the eurozone debt crisis that's prompting a broad selloff in financial markets welsh and stock exchanges were among the worst performers on monday when the r.t.s. losing eight percent and the my sax over five percent while that's not cross live to our two saf firth who is at the headquarters of the r.t.s. stock exchange to start what can you tell us what's happening with the russian markets today. well we've seen the crisis on the world's financial markets continue today asian stocks plunging after a disastrous day of trading yesterday in new york and london hairbrush we haven't fared much better as we set out yes in my six suffering those losses yesterday

close of trading today they both a pin to negative territory again but we have seen the managed to narrow the losses . currently trading in the black at no zero point two five percent. currently still down about one and a half percent now what we've seen have a particular impact here in russia is this ongoing economic situation in the u.s. in europe has continued to weigh down on oil prices and that's really had an effect on the oil and energy mage's here in russia now yesterday we saw traders get the first chance to react to the weekend decision by standard and pose to downgrade the u.s. of a aaa rated a president obama actually giving his address yesterday tried to calm the markets he said i would have a some rating agency had given america was still a aaa country well it's worth noting really that it's not just the ratings agencies one of the main three ratings agencies and it's made investors extremely nervous

we've heard from traders that a lot of what we're seeing in the markets at the moment is. fence midriff it and it's big back then as with thing again today everybody playing its parts and driving the markets. thanks sarah now let's take a look at those latest figures the arts yes has old friend and it's now gone into the red so lightly it's gold we're seeing gold and silver and would like to see the russian markets well let's look at the gold the goal with that is all that is precious metals are doing quite well since investors are looking for safe haven gold is up almost one percent but silver is down one and a half percent. let's take a look at the european markets if we can see those. who seem to be having some technical difficulties here. let's take

a look at asian stocks that have that a little bit of a comeback after deep losses following the massive sell off all of wall street but they are still in the red among the worst performers are banks saying the export hers bank of china is their own over six percent and sony is losing over four percent it's. well it's a different picture with oil prices are down to the lowest level it's a different picture compared soup gold because investors are moving away from riskier assets and you go into safe haven and we see that oil prices have said more than fifteen percent since the start of fall this way by fears that the economic recovery in the u.s. has set and rough patch senate and poor's downgrade all feel as that alone sent twice is down by six percent on monday. and we'll try to have some less technical difficulties for you next hour but that's it from us for now the headlines are next

with. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to corporations rule the day.

welcome back half past the hour and here's a look at the top stories on our t.v. britain is on a full scale alert as scenes of violence and destruction a player 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 mayhem. wall street hits a new low since the two thousand and eight financial crisis and that's despite a public message of defiance from president obama that as the u.s. credit downgrade triggers a freefall and global markets india claims its economy could actually benefit from the situation. as the euro zone tries to whether its economic storm of poland's shelving of plans to adopt a single currency highlights a broader european desire to stay out of the euro crisis. and next max cars are in his co-host days.