tv [untitled] August 9, 2011 10:00am-10:30am EDT
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we've got the. biggest issues did you voice ceased to face with the news makers. chaos reigns outnumbered and beleaguered police struggled to restore order in the major british cities and locked in a spiral of violence and looting. and u.s. stocks are rising but only slightly following their previous slopping years and fears the downgrade of america's credit rating put force in the slowdown of the world's biggest economy. europe's top bankers some of the consulate is going through the worst financial crisis since world war two the central bank buy bonds from the regions cripple the economy.
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but more important to you from our headquarters in central moscow you're watching r t twenty so now with our top story the mindless violence which is gripping london for three days fred like fever across the u.k. overnight leaving a trail of destruction so last windows looted shops and thousands of cars on fire in a number of cities all sparked from what was initially a peaceful protest over a police shooting in south london bennett is following the story. there's no guarantee things won't flare up again tonight like they have done the last three nights because last night certainly in several areas of london the police simply didn't have any control whatsoever the word to describe it is lawless he was complete mayhem in places like ealing in west london clapham in southwestern croydon in the southeast where it was widespread looting buildings and vehicles being set on. what i said
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a priest in have any control for example in class but they weren't there for over an hour in the looters and when they use how they have the free run of the main department store there was well over an hour and all the shops and high street was smashed in and around and around santa really and. now people were just taking what they could mobile phones trainers and things like that and there has been. some real shock by residents in that area who was speaking to me last night they're saying how can this happen here that's quite an affluent suburb and they thought they were out of the trouble. in thing there be effectively just nowhere is safe at the moment from this trouble because last night the police and we didn't have much control there has been some criticism of the police last night they had six thousand police officers on the three nights they got that out and said i hope with cattle things under control but but already all the police cells are full in london the rest have been made and so it's being taken out of london to the cells of the.
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areas outside of the so. i'm going to bring in more police officers to the. situation under control for more on the possible causes of these riots in london here's my colleague laura emmett who is in east london last night london's burning rioters and police take over the capital for a third night as leaches target yet more areas of london in a spiraling cycle of violence police sealed off streets and treat whole areas it's crime scenes with local communities trying to come to terms with the wave of looting and girl thing north east and south london in tottenham where it all began the high street is a burned out shell of the police the job center are the banks everything that's happening the recession and you know there's a last minute are about that no charts nothing for the youths to do it was sparked by the three to sheet. by police of this man mark duggan tottenham once own says
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about why and how he was killed by his shooting with just the spot 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 fantastic precious or how levels of unemployment than our lives and their lives and services youth clubs being closed there is never an excuse for violence the clinicians in the courts are the warrants and concerns and complaints about the top of the article where the start question is for tottenham has one of the highest unemployment rates in london the tickler months 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
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this. powers certainly groups. these groups interest. groups are you sure you know the probable the. english mores on the racist poorly means. but i do think. something should be done 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 loser than making a political point that hardly anyone in these communities supports their medicine or actually is a political point the social integration in a part of the country is. social mobility is nil and the relationship with the
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police state isn't 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 back to you or have its own team in the east up to. keep up with minds objects on the chaos in the u.k. on our twitter feed our team underscore calm here's the latest tweets from some of our correspondents working out the scene a sixteen year old detained in glasgow on suspicion of trying to encourage riots via facebook prodding him m.p. david lammy calls on blackberry to strengthen messaging services in the town stop riders from communication log onto our twitter feed at r t underscore column and keep in mind on the press videos on our you tube channel.
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u.k. prime minister david cameron is increasing the number of police on the streets try and prevent more violence. british member of the european parliament believes london to be recalling troops from afghanistan to deal with what he calls urban terrorism. i think that the point is kind where we have to call in the armed forces what we're seeing now is chaos and chaotic criminality across the whole of london what we should do in my view is pull our troops back from these pointless wars in afghanistan or iraq where we should never bring in the first function of presidency is to help make tony blair a multimillionaire in the us let's get a troops back into this country and actually put them on the streets supporting the
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police in order to crush this. criminal insurrection because it's nothing better than that is jobs there if i wanted to do them and most jobs now are filled by being employed in shops everywhere you go they're filled by eastern europeans who are highly educated who actually speak the language very getting the jobs and our own people are not getting them very often because they're not interested in education they don't really want to work and it doesn't surprise me now because we're seeing these people on the streets looting is this is this is a kind of now criminal. criminal shopping spree that they're going on because of the lax approach that we've had to actually arresting people and punishing frankly this country for years it's been it's it's almost impossible to get arrested for something if you're arrested it's very difficult to actually get convicted and if you're convicted it's almost impossible to get a meaningful sentence these people who have nothing but contempt for the law and you can see in their faces not even bothering to cover their faces up they don't think anything is going to happen to them. well we want to know what you think about what's happening in the u.k.
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on our website dot com we're asking what's the driving force behind the riots so far the majority think it's receipt of heavy handed policing others blame it on the struggling economy and the failure of multiculturalism in europe all the rest believe it's criminals trying to grab anything they can join the discussion and have your say at r t v dot com. the u.s. markets are open strongly stocks climbed in early trading after seeing the worst drop since the crisis of two thousand and eight the federal reserve meets later to discuss how to pick up the struggling economy after the credit giant standard and poor's downgraded america's rating of war and i am now joins us live from new york with some details the u.s. markets open higher is this the start of a recovery. well let me say i wouldn't go that far by saying this is the start of a recovery but this is a lot better than what we saw play out on monday wall street experienced its worst
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day on monday since the two thousand and eight financial crisis all three major u.s. stock indices fell between five and seven percent accused she's a morning when these indexes were rising the stock's rising slightly as the markets recently opened clearly it's a little teeny bit of a sign of optimism as you mentioned the federal reserve is meeting today and then many trade traders excuse me are speculating that the fed may announce more help for the economy but this does not eliminate or take away the fact that i stared and did kick the united states out of that triple a credit clause downgraded the u.s. is credit to double way and this is what caused this is something that caused the stocks around the world to plummet it was like a big rock being dropped into the water and we saw the ripples going all different directions so there is a little bit of
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a reason to be optimistic by what is being seen so far in the street tuesday morning when you compare that to monday but it by no means look like it's absolutely coppery of course some of those ripples were investors rushing to sell off gongs are investors rather rushing to sell bonds in the next few days following the great where is the u.s. economy headed now what are you hearing. what i'm hearing and what i'm seeing because i live here in the u.s. is that the economy is not fairing well at all there are fourteen million americans out least unemployed according to the department of labor an additional six point six million that want to job but have become so discouraged from looking and not finding one that they just put their hands up in the air and quit in addition to that we are very lean right now there's a lot of job insecurity gas prices are going up the confidence is low and part of this debt deal that we saw play out in washington
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a lot of federal funding for social programs are being cut food stamp programs post offices are closing down a lot of services that that every day people rely on are now being slashed so at this point there is a lot of insecurity a lot of frustration a lot of anger there were billions and billions of dollars put into this economy an idea put forth by u.s. president barack obama to help restart it reinvigorated and at this point people are holding on to their money they don't know what will happen next to that there's a hesitation on spending money and as you know this is a consumer driven economy here in the united states it's all of this is systemic it's it's connected and there's a lot of uncertainty in security and i can tell you first ration and anger is increasing among everyday folks that are doing their jobs paying their taxes and
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seeing that there's no see it security and they don't know what will happen tomorrow so who knows what will happen next but by no means do do the majority of people in the united states think that the economy is faring well for them. from new york thanks for that. well european sales are struggling as the e.u. central bank wards the region's financial system is in the worst state since the second world war that's despite the banks starting to buy government bonds from spain and italy to prop up their struggling economies however in the past hour most of the european markets have been moving back into positive territory and the eurozone is planning to boost the powers of its bailout fund to keep can tie him from spreading to major new work on a means for more we can now talk to stop or and director of germany's institute for macro economics and economic research thanks for joining us we've seen investors basically panic in the past few days frantically looking for
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a safe for about for their money what does this mean for the eurozone overall. where is was certainly a very heavy burden for the year is you know we're afraid to remind the kid to recession off and that. is certainly the first signs of a return of confidence and that's very important so if we succeed in stabilizing markets or in the next days i think we can be hopeful that european economy will just try for some period this summer and. then we got a swing do you often how do you view the plan of the european central bank buying government wrongs spanish and italian government bonds is that going to work. yes i think it's going to work it's shows already signs of working and i think it was a very helpful measure in restoring of confidence because what we have seen before the weekend was that confidence was very very low due to the dawn grading of the
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u.s. economy due to the bad outlook on the business cycle and so it was necessary that the c.b.c. said ok we want to restore confidence and in order to achieve that we will buy some boards of. kelly and the spanish economy i do think the eurozone will be able to avoid bailing out another member. well we're not bailing out greece we're just giving them money so they can withdraw the economy and find a trip back to competitive to. be in charge interest rates on that so presently all the countries we get money to the years i found make some profit out of it because they get their interest revenue from that and i think things are starting to word and i think the odds economies on a good track and the spanish economy will also soon join that certainly greece is still a lot of difficulties but in the longer run i'm quite optimistic that the euro zone
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will have better institutions and previously we will have a more stable development and during the past year but is it is had as indicated by government and not a central bank tackling of that crisis that's just pushing responsibility back and forth. you know c.b.s. from lloyd in the first line of his friend sued for fiscal policy in other words if he isn't found the european financial stability mechanism and he's in charge of fighting it but it's a prison time years and simply not enough money to stabilize for example the italian warrants so we have to buy some time and during that period the e.c.b. will do you all to buy some some of these products bronze from italy but after they're absolutely responsibly to return to the years of him as soon as the money use the. great stuff coren live with us on the line from disorder thank you very much for your analysis thank you. well our business is on top of the global markets
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let's check in and we do need three who is standing by and will bring us some details on our the mood of the russian markets now the u.s. markets have opened how is that affecting the russian markets or that has actually changed the mood in need not only on the russian markets but also in europe because the u.s. kicked off very positively it's now just below eleven thousand points the dow jones it's up almost two percent this is of course logical after a one day drop which was the worst since two thousand and eight in the u.s. and in russia my six is up point three percent right now the r.t.s. is down around three percent but that's logical because the ruble is lost well you have more on that in around five minutes site for you next. to some world news in brief for you this hour at the head of libya's rebel movement has sacked the entire executive committee which functions as a cabinet it follows the assassination of the commander of opposition forces last
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month now the national transitional council of u.s. highest rebel are you support the reshuffle saying they hope it will stand any crisis in their ranks. the hotel maid who accused. of sexually assaulting her has filed a civil suit against him and. the former i.m.f. chief of launching a violent and this attack against her when she arrived to clean his manhattan hotel suite in may has pleaded not guilty to the charges and has been released on bail and made doubts over the maid's credibility. my former soldiers have turned themselves in to face charges they killed six jasmine priest and two other people during el salvador's civil war former defense and vice defense ministers are among the defendants they were indicted in spain under its international jurisdictional
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law to prosecute the killings of the priests most of whom worst crime you know it's thought would or will now have to decide whether to. japan is canceling evacuation orders for some around flung areas i should say around the crippled fukushima nuclear plant officials believe the risk of exposure to radiation has fallen in the zone beyond a twenty kilometer radius about twenty five thousand people were told to leave their homes in case conditions are worsened after the double tsunami and earthquake in march. syria's neighbors are increasing pressure on the government to end the ongoing crackdown on protesters several arab nations have recalled their ambassadors from the country turkey has also joined the growing chorus against president demanding an end to the violence it comes as government forces intensify the assault on opposition strongholds with tanks and artillery fire more than three hundred people have reportedly been killed in syria over the past week the
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bloodiest in the five one uprising against the regime earlier pledged democratic and political reforms and she says will take time to inform and little analyst patrick cave believe the president is on the verge of stepping down from power. plumping 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 diplomatic consideration is no largely absent in assad's regime they're clinging on suppose but even so in a very tired way there is a sense from a soldier 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 the syrian stability but is now talking about major constitutional reforms really there's
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a real uncertainty about what he's trying to do there very isolated they do. you 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 that he seems very tired that she almost willing to relinquish power at the moment but i think that there's a reluctance to want to relinquish power because i suspect he is very worried he will meet the same treatments that mubarak is now seeing. you can get the latest updates videos and blogs on our website arjun dot com there's a small taste of what's lined up for you today from fellow russian activists forcing a revolution folks will not work to find out what's behind the fire of silent march is aimed at fighting fear and when you train. them they believe they could fly thousands of advance from the banks of the moscow river out of kabul for already a pomade flying machine take briefly to the skies and with more success than others
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all that and more at r.t. dot com. business is next with dimitri stay with us. thanks honey so the markets are slightly recovering this. cocktail of a u.s. credit downgrade and the eurozone debt crisis prompted a broad selloff in a russian equity scenes they were no exception they've been among the worst performers for the past week joining me now is that it's on the coffee for senior portfolio manager relations asset management i decide to thank you so much for being with us so we are seeing the my sexy gaining just all point two percent this hour the r.t.s. is still down three percent the us are looking positive is this a turnaround very. well actually that's the question i would like to know the answer because yesterday a lot of people being convinced same. day we saw signs off could be too late in the
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margin calls and that's why you for us will not provide us with the negative surprises we can be hired to morrow but what will be in next week it's a good question idea that we're going to see the same levels of volatility in the upcoming of days what do you think. it seems to me that the answer is yes girls from the beginning of the year mark of. over what you term we've got only the last week that moves off for you five percent and then pretty sure that the situation will continue for at least one more week how alexander tonights we're going to have a crucial fed need saying what do you expect to come out of it. not only me but a lot of people are expecting the mr bernanke you will be in for the possible one party freezing free but the most probable scenario that they will announce the program all for. us treasuries buy back are on their way and warm again because of
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this is the basics of their market is expecting him but if there will provide more markets will be more happy. well it seems before these fed meetings the traders did not pay so much attention as they do now is that true. do you want to go there now to the fed meetings to ben and he statements. well actually it seems to me that especially today these attention is really high. actually government he didn't supposed to tell anything from these meetings. are here right now i have to all right well during the day we have seen precious metals which trading mixed gold was up silver was down why is that. i think that the gold is just so. old i'm crying. before these meeting people want to have some profits because if there will be some positive comments from
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bernanke the market will reverse with a positive side maybe gold will be sold off or be just four of the base do you think there are any other safe assets available except for gold and cash. it's really difficult to find right now actually to kill sub or if you were on dollar looking really weak now and they're weak for fundamental reasons that's why people are choosing gold and swiss franc maybe japanese yen and singapore dollar but you know they can place a kill this car with this is not enough to make everybody happy ok and finally what's your outlook for energy energy prices. this situation is not that simple here because saw on the oil market especially on the markets there are a lot of speculative positions which will be able during the libyan crisis and the long haul so-called noncommercial players steal their all time high and then one
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moment of time the opposition so will be on one on the on down ok alex on the computers thank you. so much i was thinking for fairly manager in a sense asset management i was going to be talking to business i think thank you very much. looking at the figures that we've got at the moment on the russian markets and i mention the my sex is recovering slightly it's up oh well just a notch point two percent this out over the fifteen hundred points threshold r.t.s. still down almost free percent but that's quite a logical case because the ruble as most so much value versus the dollar and the euro and the r.t.s. is traded in dollars. so take a look at what's happening and terms of shares gazprom still losing almost two percent at this hour ross never has come back as oil prices are recovering slightly it's up half a percent holy mountain still up three percent because gold is
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a good choice for traders at a time of great volatility and it's been going up. say look at the opening figures for the dow jones and the nasdaq down jones finally over eleven thousand points it's up almost two percent that's also a quite common situation after a massive drop that happened on monday with the dow jones well foreign office the nasdaq six point six percent. european markets of also slightly recovered we did see massive losses before during the day footsie is now how powerful percent the dax however is still down eight percent and gold has calmed down slightly from record highs it's at the seven hundred forty dollars silver is also coming down and so actually we percent loan others are. still looking mixed light sweet down thirty cents brant up eleven cents on uncertainty of course as to
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what will happen to the largest economy in the world largest consumer of crude oil and what will be happening to demand for crude oil therefore we have seen come down fifteen percent since the beginning of august. russian ruble is reflecting what's happening in the oil markets fall into a seven month low versus the dollar hovering around thirty ruble so it all just below that and the suggesting the russian government now needs a managed evaluation if we see it as a. decrease as a present for the project is not. even by the prices for all of those. so the government should find out some ways to friends is deficit and oprah did very little of that amount of social division so if you can do it is that will maybe we'll search a search of on the dollar if you give the project maybe ten fifteen percent or
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