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tv   [untitled]    August 9, 2011 12:00pm-12:30pm EDT

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the move the joint people to raise the ambulance the case will go to the ground imperial truly the torch was pushed coromandel you can go with a little closer to security to go. read this and the colonel was original as used to retreat. chaos reigns thousands of police move on to the streets of london to prevent new violence or looting after three days of disorder. shops and businesses closes fears rise of another nights of parlance of all the latest from london in just a few moments. also on r t u.s. stocks called back losses following their biggest slump for years amid fears of the downgrade of america's credit rating worsening the slowdown of the world's biggest economy. and europe's top bankers says the confidence going through the worst financial crisis since world war two was the central bank buys bombs from the region's crippled economies.
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bulk of this is r t it's eight pm choose the evening here in moscow my name's kevin zero in on our top story some sixteen thousand police officers will patrol the streets of london tuesday night in a bid to prevent more clashes the random violence and london for three days now is left a trail of smashed windows looted shops and burned cars in a number of cities across the u.k. all sparked from what was initially a peaceful protest over a police shooting in south london that is our ben is following the latest developments for his capture with now i but it's early evening in london where you are is there a real concern of a repeat of last night's violence. it seems like yes a lot of shops and businesses are not just hearing cracking and southwest london but all over the city have been closing in. as fears rise of another night of
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looting and violence we've seen people here walking home early from work carrying their computers with them fearing that there could be break ins to the shops and businesses here on the high street and the police also fearing another night of violence they say they'll be upping their offices in the street from six thousand last night to sixteen thousand and nine and they'll be prepared to use rubber plastic bullets or if they have to and so the city is prepared for another night of violence and now i haven't seen any of that here in clapham in the southwest of london where the tensions here have been definitely high where recently when the mayor of london boris johnson turned up in a home sacred to me to resume a. lot of the crowd the passers by and residences started heckling them shouting abuse at people just angry here. not more was done by the police they say the rioters were given two hours to take what they could and cause much damage they could before any police turned up and they're angry that police chose to target
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other more more wealthy areas first to save them before turning out here and there and they're very angry the police for that and they say now the police and politicians easing last as far as what they are right wing excuse to bring in more heavy handed tactics here i've heard you speak just now we just take a look at the latest live pictures that are coming through for us some scenes of complete devastation completely burned carcasses of once were brand buildings and guess the real a really tragic scene that we're seeing there of folding up as you say we were hoping against hope that this isn't going to happen again tonight we know that sixteen thousand police officers are going to be drafted onto the streets to try to prevent a repeat occurrence of it all but one of the clocke barkeep it what are people saying about what sparked it last night we know what happened with the shooting of the twenty nine year old and the peaceful protests that the turn nasty on saturday . what are people saying about what i'm last night what i'm sunday not. all those
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in power the politicians and the police are putting that putting last night's riots and violence down to copycat violence an opportunist. criminality and the saying is sheer criminality rather than anything else they're distancing it from any dissatisfaction among its london's nice however the people we've spoken to here on the streets they think otherwise was there obviously very angry this writing has happened on their doorstep and make and i don't condone it so at the same time they do sympathise they feel it's all part of the same thing once they might not know mark duggan the person was shot in tottenham last week that sparked all of this they feel it's all tied in and they think that the youth here very disillusioned with society they feel like they have left anything by the coalition government and they don't think they have anything to hope for a lot of the austerity cuts of man the youth centers of clothes and that's what people are angry about the anger there's
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a high unemployment rates and they feel like they have nothing to hope for and was small a lot of people here the older members of the community likening things to the nineteen eighties rise saying that fundamentally it is a lot of lingering. feelings in the community that the police is still institutionally racist and and this and all the anger really is is is is being directed at the police more than anything else that's what the residents here are saying for more on that is my colleague. london's burning writers 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 it but. shell the police the job center are the banks everything
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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 bass man mark duggan tottenham once own says about why and how he was killed by his shooting with 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 i had levels of unemployment then are losing jobs their lives and services youth clubs are being closed there is never an excuse for violence the clintons attend the parks and the warrants and concerns and complaints about the death of park talking with a spark which has a far tottenham has one of the highest unemployment rates in london to clearly
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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 saw violence it's become a victim of what prime minister david cameron is now calling failed multiculturalism this. powers are some of the best nick groups. these ethnic groups interest. gets are you know the pope will there. be straight. english words on the races for the marines. but i 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 clear more. unrest on the
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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 scituate billett see it nailed and the relationship with the police it 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 better nor at its heart see cockney is not that. oh don't live updates on the chaos in the u.k. on our twitter feed or to underscore calm these are some of the latest tweets more correspondents working at the seeing the same scotland yard's appealing to any london police volunteers all retired officers as well for help also saying a man is critically ill after clashing with riot his kneeling london last night he suffered head injuries robbed more log on to our twitter feed out of the school promising keep an eye on the president used to on our you tube channel.
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if. you. offices in london were given permission to use rubber bullets to disperse crowds of top metropolitan police sawfish all said the not afraid to use any tactic necessary now but investigative journalist tony goes believes the force is in big trouble. 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 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 that support stephenson is
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a very well respected leader the metropolitan police have had to resign recently and this seems to be like a rudderless ship the police around so we also confronted with this whole generation of young people and they've all been trained they all feel angry so there's a simmering anger under the surface but this killing of mark duggan last week really was the spark 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 which is what i'm talking about the crisis of leadership their response to that killing because basically just ignoring the families police to have some explanation we've also heard now that there was lies told on the day to the press about who had fired the first shots so this is very irresponsible behavior by the police and i think 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
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like it's some kind of shoot to kill policy out there. we're really interested know what you think about what's going on here on our website r.t. dot com today we're asking what you think the driving forces behind the riots this is what you've been telling us so far the majority of you think it's the result of heavy handed policing but others of you have played it on the struggling economy and the failure of multiculturalism in europe as you can see in that graph for the rest of you believe it's probable is trying to grab anything they can join the discussion please have your say r.t. dot com. so look some other news now in the u.s. markets are in positive territory stocks climbed early trading after seeing the worst drop since the crisis of two thousand and eight the federal reserve's reserve meets later today to discuss how to pick up the struggling economy after the credit dry and standard and poor's downgraded america's rating it is report live across the latest for us in new york. i wouldn't go that far by saying this is the start of our coverage what this is is a lot better than what we saw play out on monday wall street experienced its worst
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state on monday since the two thousand eight hundred mansion crisis all three major u.s. stock indexes fell between five and seven percent say 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 traders 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 poor's did kick the united states out of the triple a 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 up 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 there are fourteen million americans at least unemployed working for the department of labor an additional six point six
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million that want to job but have become so discouraged from looking and not finding one that they've just put their hands up in the air and it 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 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 all of this is systemic it's it's connect. it and there's a lot of uncertainty and insecurity and i could tell you frustration 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 security and they don't know what will happen tomorrow so who knows what will happen next but by no means do the majority of people in the united states think that the economy is fairing well for them but is more important with what certainly stateside well let's take a look at the picture in europe european shares of regain some ground after their own heavy losses believe central bank chief warns the region's financial system is no the worst state since world war two despite the banks starting to buy government bonds from spain and italy to prop up a struggling economies trading's been volatile with fears that eurozone and u.s. that could slow growth through already struggling economies the eurozone is planning to boost the powers of its bailout fund to keep contagion from spreading to major economies let's talk more about this bring into the picture dr christian reich first of economics the frankfurt technical university dr friends ever so much being with this is appreciated you're on r.t. international u.s.
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markets open slightly higher we've witnessed that should we take that as a positive sign for the days ahead. it was probably just going through some problems so just letting you know you're all on r t international let me put this question to you again u.s. markets so you can slightly higher should we take there's a positive sign for the days ahead. well if you look at some markets at the moment i don't think that every reaction that came be really seen as something irrational. so most of the things right now are triggered by things like good behavior so i wouldn't bet that every up and down really is immediately a good or bad sign on the other hand if we look at the long term prospects long term prospects you should of course be aware. of the essence of.
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good of course perform much better then one of them because what you see right now is that there is not an equity crisis. so therefore in the very long run i would say this is a good sign what we see today but take for granted and that's because. apart from that i'm also. absolutely sure that's. the correction that we have seen over the past few days where it's just a bit mazie to be a source of changes but on the other hand they of course are justified. by fundamental and by fundamentals let me ask you about standard and poor's decision to downgrade the credit rating for america do you think it was the right move. sorry could you repeat that question again if not you can see a problem with the connection. i wanted to ask you about standard and poor's
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decision to downgrade america's credit rating do you think that was a wise move. yeah. if you take the credit rating agencies they always like to see themselves as some let's say hard scientists but on the other hand if you do want to see what they really do that is mostly something like out and a lot of politics so what standard and poor's had to do here they had to pick a moment but it was highly convincing that they did for us so i think the real reason for downgrading them right now was only that reason to have their credibility in the market. for you shouldn't. exaggerate the meaning of this signal on the other hand of course it is a signal it is something that had to be anticipated and it was anticipated by the
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markets so you can therefore i would say this is just something. well we should take as let's say one little brick in the bigger picture ok let's just have a final question back to europe again should we that the european central bank as we know started buying spanish and italian government bonds to try and avoid another bailout do you think that is going to work. well if you look at the mere size of a country like italy i am convinced that it is not possible to do just let's say straightforward. as a matter of take what the e.c.b. is doing here i think is to do it to say it but strictly it is a breach of trust they encourage certain behavior so that some countries can free ride on the expense of others and this is something which in the long run rather
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threatens the euro area than strings than it. should be aware if you look at it yeah it spreads and government bonds they are now almost. to the pretty euro levels and i would say this is something which shouldn't amaze us too much and it shows that in the whole time that isn't the time for the success of the euro and nothing very much has changed. now if we let's say. if we enter a direction that we should be encouraging more and more selfish behavior by individual countries i would say this is a real threat for the whole your by the way it is also it is merely a threat for the currency and it would be much better if you would accept the fact that from time to time even countries can't afford well we appreciate your expert opinion on this very big story dr christian right professor of economics at the front university thanks for being with us issues there now just to remind you as
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well we'll be checking out what's happening in russia just ahead because our business bulletin coming up in about five minutes time for it to be true all the very latest ups and downs of the russian market coming shortly. more news now emergency services a searching for a n twelve cargo plane that disappeared last night in russia's far east with eleven people on board a plane that's missing is the oldest craft in russian civil fleeing it was heading for a town that should katka region when the crew told air traffic controllers that one of the engines was on fire they asked to make an emergency landing and shortly after that the plane disappeared from radar authorities say fog and heavy rain are hampering the search effort. there have libya's rebel movement to sack 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 authority support the reshuffle saying they hope it will stir many crisis in their ranks
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meantime nato is continuing its attack somewhere country officials in tripoli claim eighty five people have been killed in airstrikes in the west of the country steve lemons author and blogger he says it's obvious there's no agreement of the rebel government and that nato is losing the war in the country. the rebel camp is and this is really easy to give can be used as they were unconfirmed reports that the rebels would sit inside is the worry that they will be really interesting among each other some people call it is the only others we need always last is the last will we go with this one arab but we can win by importing it's really hard ships but on the indian people legal claims when i tell you civilians we're not killing civilians merely one. needle is getting to be audience and there is
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a strategy. also in the headlines this tuesday night at least five people have been killed in eighteen inches of fresh over fully see the government land in the afghan capital kabul around two hundred people from parts of gunfire between local residents and guards the armed conflict several hours destroyed in key roads blocked security forces resorted to using water cannons trying to spurs the crowd. at least fifty people including children have died after a passenger boat some cost the indian ocean archipelago or congress the vessel was ferrying over a hundred people when both its engines failed causing the boat capsized those with serious injuries and rushed to the main hospital become battle while others were treated at local health centers braxton's like it's a relatively common in common it's often overcrowded. syria's neighbors are increasing the pressure on the government to end the ongoing crackdown on protesters several arab nations have recalled their ambassadors from the country turkey is also joined the growing chorus against president now it comes as
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government forces intensify the assault on opposition strongholds with tanks and artillery fire but the three hundred people have reportedly been killed in syria over the past week it is the bloodiest of the five month uprising. more world news about the hotel maid who accused the extras karn of sexually assaulting her has filed a civil lawsuit against him now lou accuses the former i.m.f. chief of launching a violent and sadistic attack against when she arrived to clean his manhattan hotel suite in may strauss and his parts pleaded not guilty to the charges and been released on bail and made over the maid's credibility. finance is a big story of course today so later on we hear nobel prize winners thoughts on reforming the global economic system in the wake of the current crisis that's coming up shortly on r.t. international after you have an update from the maid from everything.
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thanks kevin the emerging markets plunged to the lowest levels in months. of the 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 cool back some of their losses during the day. this been another extremely volatile day again today we see the russian markets aping this morning in negative territory they were unable to close the gap so more we then saw the nosedive again by the market flirting with the possibility of one point of maybe being able to close in the black but it wasn't a big place down out here as the point eight percent in my six down point one three percent there's a lot of uncertainty and instability here still and i always think political 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 mages
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have actually managed to close in the black today albeit slightly. 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 complicated into the markets after the u.s. downgrade hit the ruble the russian central bank then admitted it is that you already started intervening after the russian revolt its biggest drop against the year in seven years one day drop in seven years so they didn't specify exactly how much money they were buying up but as we said we're certainly seeing a lot of instability still are we going to see the market stabilizing well they will certainly but yet the traders that we're speaking to have been saying much of what we're seeing at the maybe defense midget. if you really look they confident that they did and it's where they're at the market they're going to be able to a.
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monk the best it stable life not. all right for a complete picture let's take a look at those figures that was telling us about r.v.'s down two point eight seven percent nice legs point one percent in the red so the positive sentiment which was coming from the u.s. and europe as they rebounded did the have some effect but was not enough to have the russian markets gain in the end the close cast from losing one point nine percent nucor did manage to gain point three percent and the most liquid stocks on the market gained two percent. all right u.s. markets are up that's ahead of the speech at the f o m c meeting which is due out in around two hours the dow jones is up two percent the nasdaq which fell six point six on monday there's a report six this hour. now what point the footsie fell below five thousand points in tuesday's session but managed to not only recoup those losses but also
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gain almost two percent of the close the backs just point one percent in the red. gold did hear that new record highs are all you could technically say if it closes this way there will be another record high of one percent but it did add another thirty dollars this session silver however is correct it is down two point eight percent versus slowly moving back into more risky assets such as stocks. and is still makes this our light sweet well actually this appears to be a technical glitch this is one dollar seven cents not down brant also at one dollar forty cents as investors are really gaining confidence in the u.s. economy head of the f o m c meeting which may provide new. hence as to when the us will start quantum of easing three if they do of course.
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almost marketplace continue to sell lies as we mentioned are on the us a fed meeting taking place right now the results are due out in a few hours and are expected to impact sentiment mr bernanke you will be in for the possible quantity freezing free but the most probable scenario that they will announce the program of warmed u.s. treasuries buyback or on the well worn ground of the cure of bases the basics of their market is expected but if they will provide more market will be more happy can flexible headlines if they were.
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we'll. bring you the latest in science and technology from around russia. we've got the future covered hungry for the full slate we've got it first ten the biggest issues get a human voice face to face with the news makers on. the .

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