in a bid to prevent more clashes the random violence that's gripped london for three days now is left a trail of smashed windows looted shops and burned cars at 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 developments for catch up with it now ivan 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 here in clapham in southwest london but all over the city have been closing early as fears rise of another night of looting and violence and 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 up in their offices in the street from six thousand last night to sixteen thousand tonight and they'll be prepared to use rubber plastic bullets or if they have to and so the 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 the home secretary to meet to resume a. lot of the crowd the passers by and residences started heckling them shouting abuse at people just angry. 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 other more more wealthy areas first to save them before turning up here and there and they're very angry the police for that and they say now the police and politicians are using the last hours violence is what they are right wing excuse to bring in more heavy handed tactics the i've heard you speak just now we just take a look at the latest live pictures that are coming through through some scenes are complete. station completely burned carcasses of. brown buildings in their day i

guess the real. really tragic scene that we're seeing there of folding. as you're saying everyone hoping against hope that this isn't going to happen again tonight we know that sixteen thousand police officers are going to be drafted on to the streets to try to prevent a repeat occurrence of it all but this one the clock back a bit what are people saying about what sparked it last night we know what happened with the shooting of that twenty nine year old and the peaceful protests that nasty on saturday what are people saying about what i was last night or what happened sunday night. all those in power the politicians and the police are putting that putting last night's riots and violence down to copy can violence and opportunist. criminality and they're saying it's criminality rather than anything else they're distancing it from any dissatisfaction among london's youth however the people

we've spoken to here on the streets they think otherwise lost their obviously very angry with this writing as happened on their doorstep and they and they don't condone it so at the same time they do sympathize they feel it's all part of the same thing once they might not know mark duggan the person who was shot in tottenham last week respond to 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 been 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 the high unemployment rates and they feel like they have nothing to hope for and what's more a lot of people here the older members of the community likening things to the nineteen eighties rise saying that fundamentally there's a lot of lingering. feelings in the community that the police is this is still institutionally racist and and this and all the anger really is. is

it is he is being director of the police while many thing else aswell the residents here are saying from all my peers my colleague nor any. london's burning rioters and police take over the capital for a third night as his target yet more areas of london in a spiraling cycle of violence police seal off streets and treat whole areas as crime scenes with local communities trying to come to terms with the wave of looting and go thing 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 draw

a tinderbox tottenham and other london boroughs have long been simmering with resentment towards the police towards social injustice and towards unemployment this is a community which is fantastic precious for how levels of unemployment than losing jobs their lives and services youth clubs have been closed there is never an excuse for violence in the community as a tinderbox the war is and concerns and community about the death of duncan where the spark which has a 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. powers are some of the groups.

these ethnic groups. you know the football the. sports. on the races. but what do you 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 schools out for the summer london residents fear more unrest on the streets in the coming days the losers on making a political point and hardly anyone in these communities supports them but many are saying that there actually is a political point that social integration in parts of the country is deplorable social mobility is nil and the relationship with the police state 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 r.t.e. hackney east london. the chaos in the u.k. on our twitter feed or to underscore calmly uses some of the latest tweets more correspondents working at the same the same scotland yard's of paling 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 on to our school call me keep an eye on the best videos to a you tube channel.

off as a mother to be given permission to use rubber bullets to disperse crowds of top metropolitan police officers will 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 in implementing are actually dictated to him by the banks and he's lost touch with all three people there's also a crisis at the metropolitan police who had support stevenson who is a very well respected leader of the metropolitan police have 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 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 spot 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 very sponsor that killing because we're basically just ignoring the families 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 so this is a very irresponsible behavior by the police and i think we get we need to see a wholesale re-examination 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. we're really interested know what you think about what's going on here on the web site r.t. dot com today we're asking what do 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 others of you blame it on the struggling economy in the failure of multiculturalism in europe as you can see on that graph for the rest of you believe it's criminals trying to grab anything they can join the discussion

please have your say at r.t. dot com. 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 giant standard and poor's downgraded america's rating it is more important across the latest for us in new york. i wouldn't go that far by saying this is the start of a recovery what this is is a lot better than what we saw play out on monday wall street experienced its worst day on monday since the two thousand eight hundred mandel crisis all three major u.s. stock indexes fell between five and seven percent tuesday 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 many many traders trying 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 i stared and poor's did kick the united states out of that triple a credit clogged 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 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 and 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 connect. and there is 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 fairing well for them but his report with what's happening stateside well let's take a look at the picture in europe european shares of regain some ground after their

own heavy losses but the e.u. central bank chief warns the region's financial system is now in the worst state since world war two that's despite the banks starting to buy government bonds from spain and italy to prop up the struggling economies trading's been volatile with fears that eurozone and u.s. that could slow growth are 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 at the frankfurt technical university dr thanks ever so much for being with us is appreciated you're on the r.t. international now u.s. markets open slightly higher we've witnessed that should we take that as a positive sign for the days ahead. excuse me. you're just going through some problems just letting you know you're all i. see 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. most of the things right now are mostly 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. that the asset class of. of course perform much better then. because what we see right now is a debt crisis and it is not an equity crisis. therefore in the very long run i would say this is a good sign what we see today but we shouldn't take for granted that to go on like that. apart from that i'm also. absolutely sure

that's. the correction that we have seen over the past few days with just a bit mazing that they were still a spontaneous but on the other hand they of course are justified. by fundamental by fundamentals let me ask you about saddam pause decision to downgrade the credit rating for america do you think it was the right move. and sorry could you repeat that question and you can see i have saved some problems here with the connection. i wanted to ask you about standard and poor's 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 what if you see what they really do that is mostly

something like out and in. of politics so what standard and poor's had to do it here they had to pick a moment but it was highly convincing that they downgraded the u.s. so i think the real reason for downgrading them right now was only that reason to have that credibility in the market. and therefore you shouldn't. let's say. the beginning of this signal on the other hand of calls it is a signal it is something that had to be anticipated and it was anticipated by the markets so they can therefore i would say this is just something. 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 showing that the european central bank is right now 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 and i am convinced that it is not possible to do just let's say a straightforward. as a matter of fact what the e.c.b. is doing here i think is perhaps to do it quite strictly 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 threatens the euro area and strengthen its. we should be aware that if you look at it yeah it spreads on government bonds they now almost make. 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 mean time that is in the time from the success of the euro nothing very much has changed. now if we let's say.

if we are entering a direction that we should be encouraging war and more selfish behavior by individual countries i would say this is a real threat for the whole euro area and by the way it is also it is merely a threat for the currency it would be much better if you would accept the fact that from time to time even countries can default well we appreciate your expert opinion on this very big story dr christian right professor of economics at the frankfurt technical university thanks for bearing with us and issues there now just remind you as well we'll be checking out what's happening in russia just ahead we get a business bulletin coming up in about five minutes time for you with dmitri medvedev all the very latest ups and downs of the russian market coming shortly. more news now emergency services are searching for an a m twelve cargo plane the disappeared last night in russia's far east with eleven people on board the plane

that's missing is the oldest craft in russian civil fleet it was heading for a town in the chicago 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 they had of 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 level of authority support the reshuffle saying they hope it will step mini crisis in their ranks meantime nato is continuing its attacks on the country officials in tripoli claim eighty five people have been killed in airstrikes in the west of the country steve lemmons 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 in disarray need the executive committee was disbanded there were unconfirmed reports that the rebels would sit in such disarray that they were literally

contesting among each other some people call it a stalemate others say nato was lost his no possible way he was going to win this war militarily but they certainly can win it by imposing its three hundred ships on the libyan people nato claims we're not targeting civilians we're not killing civilians they have made it one quarter quote mistake nato is targeting civilians that is part of the strategy. also in the headlines this tuesday night at least five people have been killed an eighteen injured in a crash over flu season government land in the afghan capital kabul around two hundred people took part in gunfire between local residents and guards the armed conflict left several hours destroyed in key roads blocked security forces resorted to using water cannons trying to suppress the crowd. at least fifty people

including children have died after a passenger boat some caused the indian ocean archipelago of commodore the vessel was ferrying over one hundred people when both its engines failed causing the boat to capsize those with serious injuries were rushed to the main hospital of the capital while others were treated at local health centers accidents like this are relatively common in commerce as boats are 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 the sad now it comes as government forces intensify the assault on opposition strongholds with tanks and artillery fire up to three hundred people have reportedly been killed in syria over the past week it is the bloodiest of the five month uprising. in more world news about the hotel maid who accused all extras karn of sexually assaulting her has filed a civil lawsuit against him now for diallo accuses the former i.m.f.

chief of launching a violent and sadistic attack against her when she arrived to clean his manhattan hotel suite in may strauss count his parts pleaded not guilty to the charges and been released on bail amid doubts over the maid's credibility. finance is a big story of course today so later on we hear a 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. thanks kevin emerging markets plunged to the lowest levels in months flambeau cocktail of a u.s. credit downgrade and the eurozone crisis prompted a broad selloff on financial markets russian equities were no exception however they managed to claw 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 the markets it 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 closed down r.t.s. down t. point eight percent and my six down no point one three percent there's a lot of uncertainty and instability still now is same 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 in that the oil and energy mages have actually managed to close in the black today albeit slightly 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 ruble the russian central bank then admitted that it's that you

already started intervening after the russian reveal 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 no i was certain of that yet the traders that we're speaking to have been saying much of what we're seeing at the maybe it is sentiment given year. is it really lost a confidence that the neighborhood and is at the market going to be able to even if . it stabilized the market. all right for a complete picture let's take a look at those figures that was telling us about r.t.s. down two point eight seven percent my six point one percent in the red so the positive sentiment which was coming from the u.s. and europe as they rebounded did have some effect but was not enough

to have the russian markets gain in the end of the close gazprom losing one point nine percent lukewarm did manage to gain point three percent and burbank the most liquid stocks on the market gained two percent. all right u.s. markets are up that's ahead of ben bernanke 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 as a record six this hour. now what point the footsie fell below five thousand points in tuesday session but managed to not only recoup those losses but also gain almost two percent at the close the dax just point one percent in the red. gold did hit the new record highs zero 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 correcting is down two point eight percent

vest is slowly moving back into more risky assets such as stocks. and oil is still makes this sour light sweet well actually this appears to be a technical glitch this is up one dollar seven cents not down brant also up one dollar forty cents as investors are really gaining confidence in the u.s. economy head of the. meeting which may provide new. hence as to when the u.s. will start quantum easing three if they do of course. almost marketplace continue to sell lies as we mentioned are on the u.s. 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 i wanted to freezing. free but the most probable scenario that they will announce the program of. u.s.

treasuries buyback are on their way and one of the end of the cure for this is the basics of their market is expected but if they will provide some more market will be more happy kevin's next will headlines to say well.

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marty h.q. in central moscow thank you for being with us these are all top news stories this half hour thousands of police move on to the streets of london but provide new violence all been taken after three days of this order of a five hundred people have been arrested after the riot. u.s. stocks draw back losses following the 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. and europe's top banker says the council 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 with the current financial turmoil in the u.s. and europe there's more talk about the need for a new global reserve but he spoke to nobel prize winning economist joseph stiglitz on the eve of the bretton woods conference in april this year and his words now seem more relevant than ever.