why weren't which has gripped the city for three days spread like fever across the u.k. overnight leaving a trail of destruction smashed 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 there after a moment and joins us live ivor how is the atmosphere in the streets now any signs of new clashes. or i'm in a place called clapham junction which is in south west london and it was one of the worst hit areas last night we widespread looting vandalism and arson as well and this area behind me is still being cordoned off by the police it's the main crossroads in the area and the main high street with all the shops on it and the ground is really good with glass a lot of the shop windows have been smashed in and the police are still treating this area is a crime scene right now there hasn't been any repeat of the violence we saw last night here just from being here and now also speaking to the passers by in the

residence congregating around the the police barrier they've been saying that the word on the street is that wandsworth an area just five minutes away down the road is next actually and that's the fear isn't that that's where the fear is months residents that the there are plans to vandalize and further down the street once again and already it's afternoon there were reports in south east london of renewed looting and violence there in berman's the and pecking which is two areas affected yesterday. take us through what sparked this from a ham i mean it seems like the initial cause is getting lost in all of this chaos. it all started on saturday night in tottenham which is a an area in north of london way up north miles away from here actually following the fatal shooting last week of a man called mark duggan by police started a peaceful protest outside the local police station there that escalated into arson looting and vandalism and then over the. also the last three days three nights even

. other looting is going up and fresh riots run up all over london simle train is the last night and i was the worst it was in in areas all across south and east and west london to the police and the politicians were quick to say that that was copycat violence and it wasn't anything to do with disaffected with. society and unemployment and the economy they were saying this was just mindless violence people jumping on the bandwagon of a genuine cause and that's what that's been put down to however just a few moments ago when london mayor boris johnson turned up here along with the home secretary theresa may they were given and that announcement to the press i couldn't hear what he was saying all the shouting abuse and heckling they got from residents here who were angry at the police for firstly not turning up here within two hours and the rioters got two hours free run of all the department stores here

forty one turned up they're saying police they're wanting to protect the wealthy suburbs but not not the areas like here in the poor areas that been hit by the rise and secondly they're saying this is still one of the people here might not know mark duncan it is still the same cause and these people are who are doing the right thing were very unhappy from being alienated by the police and they feel they're being targeted. for communities and being left to fend for themselves and the unemployment is high so that's what they are unhappy with that's what the people on the streets are saying some discontinuity there the police appear preparing for another night of violence here by. upping their presence on the street from six thousand last night to sixteen thousand and they have now said they're there we prepared to use plastic bullets to deal with them now for more on the possible causes here is my colleague laura emmett who spent last night in hackney in northeast london. london's. inning 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 police seal off the 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 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 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 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 a fantastic precious farhad levels of unemployment than are losing jobs their lives and services youth clubs have been closed there is never an excuse for violence by the community as a tinderbox the war is and concerns and complaints about the death of where 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 whites and together with hackney brixton walthamstow and lewisham which also saw violence has become a victim of what prime minister david cameron is now calling failed multiculturalism this. bearers of so many groups. these groups. you know that. the. sports. no races for the breeze. but.

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 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 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 party hackney east london. some sixteen thousand police officers will patrol the streets of london wednesday

night in a bid to prevent more violence well for more on the situation we're now joined live by investigative journalist tony gaston who joins us from thanks for being with us many believe the riots are no longer about the killing of mark duggan what are they about at this point. well i think it is after four nights of rioting it's nice to see the prime minister finally back in the country and i think actually what this is about is far deeper than just this one killing last thursday it's about a crisis of leadership in this country we've got a prime minister that doesn't really connect with the people a lot of the policies in implementing are actually dictated to him by the banks and he's lost touch with ordinary people there's also a crisis of metropolitan police support stevenson who's a very well respected leader of the metropolitan police had to resign recently and there seems to be a lot to rudderless ship the police around so we're also confronted with this whole generation of young people many of whom voted for the first time in the journal.

election last year for the liberal democrats a lot of them and they've all been betrayed they all feel angry so this is simmering anger under the surface but this killing of mark duggan last week clearly was the spark and it's not the only death of a nifty minority that the police actually been responsible for so you know we've we've had something like three hundred and forty deaths mostly of ethnic minorities in police custody over the last twelve years now that's around about one a month without a single conviction of a police officer so this seems to me is a message that this particular killing lost last thursday is not going to go unanswered and it was also absolutely disgusting the police metropolitan police this is what i'm talking about the crisis of leadership very sponsor that killing basically just ignoring the family's police to have some explanation we've also heard now that there was a lies told on the day to the press about who had fired the first shot and it also seems that dum-dum bullet was used to kill mark duggan one shot to the chest we're

told so the lies that we're told on the day just make things worse so this is a very irresponsible behavior by the police and i think we get we need to see a wholesale reexamination of the way that we investigate these various kinds of death either in custody or as people are being arrested because it starts to look like there's some kind of shoot to kill policy out there that said how do you see this situation developing in the coming days. well i think unless there's decisive leadership and decisive action from the prime minister from the government which frankly i mean he's doing some soul searching right now i imagine david cameron but will he find his soul this is the question unless there is some kind of decisive action this is likely to continue to but sort of bubble along but i don't see that decisive action happening i think what we need first of all is kit for cameron to recall the very well respected policeman knew who resigned. to somebody who was well risk. very experienced to run the metropolitan police now and to give them

a boost morale and we also need to know the names of the police officers and the firearms people who shot mark duggan and we also i would say as a society would be nice to see those that officer who fired that fatal shot arrested and that would give a lot of confidence that the police are not above the law because that's what many of these young people are saying i'm not excusing the violence of the verney of course that's criminal behavior we should be punished but you have to understand that there is a big reasons for this and for the been going on for many years and particularly the mistreatment of ethnic minorities by the police both in custody and by the rather ruthless way they seem to arrest them in the u.k. is spending billions supporting the nato missions in afghanistan in libya but it cut its cutting social programs back home do you think londoners spending its money wisely here. any so that is the backdrop to all of this which is this is a kind of an i.m.f. riot the sort of thing that we used to see back in the one nine hundred ninety s.

and eighty's in third world countries that kind of thing is now coming home because this is the backdrop to all of this is the austerity measures from particularly the way that the youth have been completely sold out most of these people who are around the streets really feel there's no future for them they've been spending a lot of their times doing things like playing video games and they can't see a future for them in conservative britain so there's going to be a lot of soul searching within the government and also there's going to have to be some kind of art so given for these young people i suspect the conservative response is going to be to come up with something like national service but that's not what these young people need they need a future they need jobs and that's what we need for the ad from the government is decisive action against the banks to actually take back control of our economy and investigative journalist tony gasland on the line with us live from bristol thanks for that. well our website are too dark we're asking what's the driving. force

behind the u.k. riots so far the majority think if the result of heavy handed policing others blame it on the struggling economy and the failure of multiculturalism in europe well the rest believe it's criminals trying to grab anything they can join the discussion drop us a line at r.t. dot com. the u.s. markets are in positive territory stocks climbed in early trading after seeing the worst drop since the crisis of two thousand and eight well the federal reserve meets later to discuss how to go the struggling economy after the credit giant standard and poor's downgraded america's rating. across the latest in new york. 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 day on monday since the two thousand and five mantra prices all three major u.s. stock indexes fell between five and seven percent choose to stay morning when these

indexes were rising this stops 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 many many traders try to 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 our standard and poor's did kick the united states out of that aaa credit club 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 on all different directions what i'm hearing and what i'm seeing because i live here in the u.s. is that the economy is not faring well at all there are fourteen million americans at 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. not

finding one that they've just put their hands up in the air and quit in addition to that wages 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 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 there's a hesitation on spending money and as you know this is a consumer driven economy here in the united states it's so all of this is systemic it's it's connected and there's a lot of uncertainty in security and i can tell you frustration and anger is increasing among everyday folks that are doing their jobs paying their taxes and seeing that there's no 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. well here in moscow our business desk is keeping a close eye on all the latest developments on the world markets dimitri is joins us actually i should say u.s. markets are positive seems like a slight recovery how is that affecting the russian markets today the russian markets closed around the hall for an hour ago but that of sentiment coming from the united states all that slight correction i should say was not enough to prevent them from closing in the red to my six point one percent b.o.t.s. almost free percent have more of that in around ten minutes for you. european shares have regained some ground after their own heavy losses but the e.u. central bank warns the region's financial system is now in the worst state since world war two well it's despite the bank starting to buy government bonds from spain and italy to prop up their struggling of course. yes trading has been

a problem here is euro zone and u.s. could slow growth are already struggling economy but europe is planning to boost the powers of it bailout to keep contagion from spreading to the major collimate our europe correspondent daniel bush has more. even the cheerleaders for the euro or depressed. the european central bank said this is the worst crisis since world war two and it requires quote unconventional measures now central bankers the famous for their calm for being reassured and when you hear someone like that coming out with such radical phrases you want the investors in the markets upon making a he had the european central bank of spanish and italian which no one wants to touch at the moment would actually feel the doing is only close it's. slash spending less money going to create jobs and build things when really the

only way out of this crisis is for the countries themselves to grow with their economies which means putting more in spending more on the economy and creating new jobs now barack obama has consulted with the heads of spain and italy which are the latest countries to join this euro storm economists say the u.s. has a problem with the eurozone which is they have sustainable debts with no plan b. . that 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 month members of the national transitional council libya's highest rebel with already supported the reshuffle saying they hope it will stem any crisis in their ranks let's get more on this from steve in london an author and blogger joining us live from chicago what do you think is there a crisis in the rebel government. well i think here is it isa can i make one comment there are wars going on across your you reported on what's going on in

london. across europe in america in israel against working people driving millions of them into poverty there are imperial wars going on abroad these are all bomb as was iraq and afghanistan yemen somalia and libya the topic today the libya war is extremely ugly indeed the rebel camp is in disarray these a heap of committee was this band there were unconfirmed reports that the rebels would sit in such disarray that they were literally contesting among each other and the rebel the. transitional council leader chip real fluid to egypt for his safety there's no confirmation of their so i started recount say.

some people call it a stalemate others say nato was lost i've written it was lost there's no possible way he knows the way it is won militarily but they certainly can win it by imposing its three night ships and the libyan people this is a has the report out over night. in the city of sleet. nato army killed eighty five i believe just thirty two children thirty two women twenty twelve families were massacred nato quavers we're not targeting civilians we're not killing civilians they made it one quote unquote mistake. is targeting civilians there is not a strategy or you know you are in the last twenty four hours nato will not go col of facilities in tripoli they've blown the water system libya's great man made

a river system to deprive the libyans of fresh water this is part of the strategy for me hospitals bombing school was going to university if there's like killing civilians i don't know what here and a recent report published by fifty experts says there's no military solution to the crisis in libya and i can't is that likely for two or three years which of course are made hundreds of billions of dollars what's your take on that report i think it's very possible who wants once acquired is made in the conflict did not begin last word. and the one we begin in march this conflict was and many many months in advance of the years in advance and once once there were many players and me sitting on the shelf gathering dust in the never implemented even toss it was against the bridge three years i know they were lying to me but nothing

has ever happened maybe they have a will to happen but once a campaign we've here in this camp being begin west winter and then the bunnies and much straight teeth nato meaning washington is in and so when they made loose the first row i honestly i honestly see this play. you know and i have no way of knowing plato paul was over ninety nine he went on for well go all day. didn't succeed until so i really in ninety ninety no i have a reduced war he went on i think the seventy two days he instead of serbia and in classical literally destroyed the an ability of syria as fish we built a grave another serbian cities to function and destroy the entire infrastructure i see is the way the new libya already know the old territory nato may go will.

be. they may go through so only goes he was but they will come back and they will do more in chile peru heo probably they will in the mitchell round i think it was. all right stephen leatherman author and blogger from the center for research on globalization on the line with us here broadband from chicago thank you very much for that. business is next here in our stay with me three stay with us. welcome to business emerging markets have plunged to their lowest levels in months the flammable cocktail of a u.s. credit downgrade and the eurozone debt crisis prompted a broad selloff on financial markets russian equities were no exception however they managed to claw back some of the losses during the day let's not get

a broader picture from our two surface offers at the headquarters of the r.t.s. stock exchange for to you so how did the russian markets perform today. listin another extremely nervy and volatile day again today we see the russian markets aping this morning in negative territory then they were then able to close the gap so more we then saw the nosedive again the market flirting with the possibility of one point of maybe being able to close in the black but it wasn't to be and they both plays down r.t.s. down t. point eight percent in my six down point one three percent there's a lot of uncertainty and instability still now we seem to let the leaders come out and try and stabilize the market some of that hasn't had as much of a positive effect as it was we have had some good news and the oil and energy mage's rosneft and look where they've actually managed to close in the black today albeit slightly we've seen spare bank placing in the black as well now we heard

earlier an announcement from prime minister putin he said the russian central bank and the ministry of finance were ready to pump liquidity into the markets after the u.s. downgrade hit the rebuttal the russian central bank then admitted that is that you already started intervening after the russian revolt hit its biggest drop against the year in seven years one day drop in seven years. they didn't specify exactly how much money they were buying up as we said we're certainly seeing a lot of instability still are we going to see the market stabilizing we'll know when certain of that yet the traders that we're speaking to have been saying. that much of what we're thinking at that maybe defense may have been your investors have really lost their confidence that they may have been and is where they're at the markets are going to be able to a become that if that ten months invested to stabilize the market all right thank you so much that was our correspondents reporting from the headquarters of the

r.t.s. stock exchange. well just so you can have a complete picture a second look at the closing of figures for themselves for yourselves down the two point nine percent almost myself just i'm not sure those still below fifteen hundred point mark if we look at some of the main movers on the markets as mentioned lukoil managed to pare losses and go into positive territory point three percent gazprom down one point nine percent however most liquid stock on the markets burbank came up over ninety one rubles up two percent at the close. in the u.s. and so still looking positive ahead of the f o m c meeting where ben bernanke is about to have a speech and give some hints as to when the third wave of quantum easing might start so the dow jones up one half percent does not two point seven percent. opium our kids us mixed of this our food see one percent tax down one percent but just

half an hour before the end of tuesday session. gold was hitting a record high is still high at this point seven percent point eight percent seven hundred thirty two dollars however it is losing momentum that a rally on gold as investors are now shifting slowly into store. finally a look at the crude prices a light sweet down point four percent because of uncertainty as to how much demand the united states will be showing off to their credit downgrade. well prices have shot fifteen percent since the start of all this way by fears that the economic recovery in the u.s. has had a good rough patch brant is up twenty seven cents this hour. the russian ruble reflecting what's happening in the oil markets fall into a seven month love as the dollar and was currently have ring at around thirty

roubles to the dollar analysts are suggesting that the russian government now needs a managed devaluation if we see is a. decrease is a price of four and that is not balanced now even by the price of one hundred dollars per barrel so the government should find out some ways to finance this deficit and develop yourself. a mound of social obligation so if you can do a little bit maybe feel thirty or thirty one dollars it we'll give you a budget maybe ten fifteen percent of additional. income. joining fifty minutes for an update of latest business news and market scores and he says next week headlines.

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

at seven thirty pm moscow time the top stories on archie outnumbered and beleaguered police struggle to restore order in major british cities locked in a spiral of violence a moving over five hundred people have been arrested after the riots. europe's top bankers of the continent is going through the worst financial crisis since world war two european markets have remained uncertain despite the central bank's move to buy bonds from the region's crippled economies. and u.s. stocks qualm back losses following the very biggest slump in years the plunge was caused by fears the downgrade of america's credit rating could worsen the slowdown of the world's biggest economy. next max kaiser and his co-host stacy herbert go to new york to unveil what stands behind that deals and privatization drives.