well could be watching r.t. international from moscow with me kevin oh in this cheese david it's eleven pm here now and the top story some sixteen thousand police officers patrolling the streets of london tonight in a bid to prevent more clashes the random violence which has gripped london for three days is left a trail of smashed windows looted shops and burned cars in a number of cities across the u.k. over bennett's across the latest. shops and businesses 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 and ninety and they'll be prepared to use plastic bullets 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 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 other more and more wealthy areas first to save them before turning up here politicians and the police are putting the putting last lies riots and violence down to copycat and violence and opportunist. criminality and they're saying it's sheer criminality rather than anything else they're distancing it from any dissatisfaction among london's news however the people we've spoken to here on the streets they think otherwise lost their oversleep very angry this writing has happened on their doorstep and they and they don't condone and so at the same time they do sympathize they feel it's all

part of the same thing was that mine or no dog and that person who shot them talking them last week this far 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 left anything by the coalition government and then they think they have anything to hope for a lot of the austerity cuts of men the youth centers of clothes and that's what people are angry about the anger there's a high unemployment rates and. i feel like they have nothing to hope for in a moral man is my colleague nor any of london's burning writers 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 are being closed there is never an excuse for violence by the community as a tinderbox the war isn't concerns of community about the death of doctrine or 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 groups. get all. you know that but will the. spirits. on the races or the brains. but what do they think. something should be done unless these gangs of youths tire of the violence that 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 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 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 hackney east london. because we've got live updates on the chaos in the u.k. . underscore calm this is the latest tweet coming through from one of our correspondents working at the same roadside london. manchester center where it is on the reports of police on horses charging it gathered crowds the blast has been on the market street of the maybe tells us what we know slaves come through more correspondence on twitter people today with the latest artsy under school call and also don't forget to keep an eye out for the best videos in our you tube channel to

. the. east. will stay with the trouble the initial spark for the violence of britain was the police shooting of a man in tottenham and tensions could once again be stirred to after initial ballistic tests have suggested that the victim mark duggan did not actually fire a gun at the officers or spoke to the palin journalist partly henningsen just now it was him self caught up in the violence last night he says the government should stop playing political games and address the important issues. to be honest this is one of the most shocking things i've ever had the displeasure of seeing was in

brixton early monday morning about one am i saw all gangs of youths who were some of which had fled from the central brixton into the surrounding areas like stockwell barricade in the streets with rubbish bins or anything they could find in order to stop cars and try to pull drivers from the cars and take the cars i saw in one instance this happened one man came to help the driver and he was beaten by a gang of six or seven young black youths in brixton very frightening i was barricaded in a pub for part of the time because we couldn't go out and the pub sieged about an hour after that incident so no police to be found. if you dial nine nine nine the police said sorry we can't help you just stay where you are now if the leadership of this country and the heads of the police departments everything had been paying attention to what's going on around the world in the middle east in north africa

the leadership in britain and the police force in britain think oh we're different no it's the same you have mobile phones blackberries twitter you have mobs that are able to outmaneuver the police at any turn and the police cannot cope with this and unfortunately the criminal element know this my advice to the leadership of this country all your m.p.'s and david cameron and everybody else stop playing politics stop playing labor and conservative the blame game and you've got to start looking at what's going on the street. well it's exactly what we're asking you tonight on our website r.t. dog kong what do you think is the driving force behind what's been happening here over the weekend and that last night this is what you're telling us the majority of you think still it's the result of heavy handed policing others of you blaming the struggling economy or the failure of multiculturalism in europe as you can see on the graph there the rest of you believing it's criminals trying to simply grab anything that vague and get loot other shops still time to have your say log on to our teeth click those problems with us know what you think. take

a look at the other main news of the day now the u.s. federal reserve submitted the u.s. economy is not as strong as it thought and that could indeed force it to keep interest rates at record lows for the next two years to come investors but the fed's comments were enough to push the u.s. markets back into the red after a day of modest gains let's catch up with the latest art he's going to fort myers joining us again now from new york hi there so a bear but i he statement was far from reassuring and by the looks of it. that's right kevin before the federal reserve did release a statement many traders and investors were anticipating that the fed would do a bit more to help reassure nervous investors about the u.s. economy but it doesn't seem to be the case the federal reserve met for the first time on tuesday after the u.s. its credit rating was downgraded from aaa to double a by standard and poor's so

this was a meeting that came right after that happened and as you mentioned the federal reserve announced that the u.s. interest rates will be capped at record lows for another two years through twenty thirteen we should mention that interest rates in the u.s. have been near zero since december two thousand me right after the financial crisis hit the u.s. and you know infected the rest of the world a lot of a lot of experts believe that it is actually hurting the economy by keeping interest rates so low bank banks are squeezing lenders for more profits and then it becomes a systemic kind of web where everyone squeezing one another and stocks initially fell after the federal reserve did make its announcement in addition to saying that interest rates will be kept at record lows for another two years the fed did use some kind of somber language to describe the america's current economy saying that this year the economy grew at a much slower pace that the fed actually anticipated or expected you know we do

remember that ben bernanke you the chairman of the federal reserve it was a year or so ago that where he announced publicly that the recession is basically over and it's just going to take a little bit of time for the people to feel it at this point all the american people are feeling is a huge squeeze let's look ahead with a mark of them so easy just seeing the. prospects no good a guess. you know you don't even have to be an analyst to to understand the situation in in america right now to understand the economy you don't have to pay attention the dow jones or the s. and p. to understand that with fourteen million americans out of work and six point six additional americans so discouraged from finding the jobs they stopped looking there is a problem when you have more than forty million people on food stamps when you have

one million americans that have lost homes last year and another one million expected to lose homes this year you understand this is a significant crisis and this is a crisis i can tell you from what i've seen reporting in different states throughout this country it's a crisis that's not being tended to in a way that it's supposed to it's not going away if anything it's deepening it is getting worse and a lot of cuts that are now being made by the federal government are cuts go into social programs such as. food stamps stamps were caught by twelve million and now you have a more americans that need them so you don't have to be an economic expert to understand that the situation right now is very tense tense and confidence clearly is declining morrow we'll talk about some more with us from new york for example so much bring us up today or are them for more almost whole the volatility what is

going to mean for the u.s. economy let's talk over the pros called his direct goal is joining us on the no on skype from toronto margolis very good evening so you heard the fed chairman ben bernanke he's admitted the u.s. economy is struggling but you know when there's sign isn't it. well it's certainly going to make a lot of people nervous because his job was through issue positive statements and readers sure were markets. and it has reassured bankers them financial people who created this mass to begin with and it certainly will. senders and retired americans all the people who put their money into retirement accounts and plan to live off the interest on council there will be no interest and there will be no income for a lot of them but one of those needs is the government is still sure going up the banks but at the cost of consumers. course the cost as well as we're hearing

there from a correspondent of a social security programs medicare medicaid looking at the food stamps it looks like the heaviest cuts are going to fall on social security programs one of course the u.s. military escapes it seems relatively unscathed it's not fair is it to the sick elderly and in need. it's not fair in my view and it's not right you know if the united states and i speak as a former member of the american armed forces which i volunteer. in states where being under invaded. outside powers will no pranced be too much to pay for france but we're not paying for defense right now we're paying for oaths and the sense that america's military operations are all around the world and america is simply standing too much on the military i wrote my column last week and comparing states to the plight of the soviet union in the one nine hundred eighty

six flying into the same trap i think and there is their real defense military spending is gobbling up the consumer economy and it is running out of control eric i'm looking at that very report now didn't you say of course is what were the majority of the money for all these offensives abroad is borrowed from a really underlines doesn't it that america washington can't afford all these wars abroad. well its situation is very strange and not too many americans understand that of the forty percent of our government budget is borrowed largely from china and japan so what's happened lyndon johnson began this there in the vietnam war and it was continued by president george bush just two words iraq in a sense is that the costs of these wars were never equal the taxes the war not knowing who war taxes were the wars have been waged no apparent

cause the us public are being put on the u.s. national credit card that's one of the reasons why the us debt is fourteen trillion dollars and is growing if americans had to pay for the cost of these foreign wars and the large military establishment out of their taxes i think there would be a big change public opinion of course the u.s. defense secretary leon panetta giving dire warnings if there were to be cuts made to the president to the pentagon's budget if we said it would put the u.s. security in danger does is really a hold water. it does for many americans because americans rely on super patriotic like russians. are. nine eleven happened everybody still very nervous. americans are bombarded with all kinds of them arms warning. forces trying to attack the united states but there is the real news job as the head of the pentagon trying to protect its mammoth budgets by the way it was military spending now

accounts for almost half i'm told real military spending growing in america's rich allies and. eighty percent of the arms spending this is become an absurd figure now and it is inevitable that the in the pentagon budget is going to have to be cut but it's going to be very hard to do so because the pentagon and its allies in the military defense industry very cleverly have spring arms production across almost every state even you know making sure that whenever a plant is cut down the arms program you're going to have senators and congressmen voting murder right across the country general eisenhower president i were one hundred percent is danger sixty years ago. and it's cover fruition as you're saying there eric margolis huffington post columnist thanks ever so much

being on r.t. international you're welcome. now european shares are again the some ground for their own heavy losses but the central bank chief warns that the region's financial system is now in the worst state since world war two despite the banks starting to buy government bonds from spain and italy to try to prop up their struggling economies trading's been volatile with fears the eurozone and us that could slow growth for already struggling economies the euro was always playing to boost the powers of its bailout fund to keep contagion from spreading to major economies but christine reich spoke to earlier all from the front foot technical university told me the european central bank's move is actually doing more harm than good. 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 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 than strengthen its. we should be aware if you look at the yeah it spreads on government bonds they are now almost back. 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 being tired that is into time from the success of the euro and nothing very much has changed 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 euro area. libya's government accused nato of killing dozens of civilians in the west of the country tripoli claims at least eighty five people died during recent airstrikes officials say nato bombed south of the city has lived to allow rebels to enter the area the alliance says the targets were

military meantime the head of libya's rebel movement has sacked the entire executive committee that functions a cabinet that follows the assassination of the commander of opposition forces last month we talked to stephen lebanese and often a blogger told us it's obvious there's no agreement in the rebel government right now and that nato is losing the war. the rebel camp isn't just a really easy here it can be and they were. all the rebels would sit inside there were a if they were literally in testing and know each other some people call it was the only others he made always last. there's no possible way he is going to win this one militarily but they certainly can win by imposing its three hardships on the libyan people the nato claims when asked how he civilians without killing civilians they have made it one quarter quote mistake nato is targeting civilians that is

part of a strategy by me us cuddles bombing schools bombing a university if there's like killing civilians i don't know what here this. this is r.t. from moscow let's check a couple stories a lot see dot com so now we've got lined up for you if you like the click over there the belorussian activists forcing a revolution through social networks we've got this story find out what's behind the quiet of silent march is willing to fight in fear of bringing change a lot of clicks that one tonight should not call it already you might want to avail yourself of that story also a. lot of fun love they believe they could fly and they almost did thousands looking on for the banks of the moscow river there as a colorful ray of homemade flying machine takes some very briefly indeed to the skies some with more success than others i was good to see i was brings a smile to my face down about you what more those pictures said r.t. dot com. also the headlines for us tonight police five people have been killed an

eighteen injured in a clash over more from the seat of government land in the afghan capital kabul around two hundred took part in a gun fight between local residents and guards the armed conflict left several houses destroyed in key roads blocked security forces resorted to using water cannons trying to skirt the crowd. the more world news of these fifty people including children have died after a passenger boat sank off the indian ocean archipelago of comatose the vessel was carrying over one hundred people when both engines fail that caused the boat to capsize those with the most serious injuries were rushed to the main hospital in the capital others were treated in local health centers accident sadly like this relatively common in commerce as boats are often overcrowded. hotel maid who refused only stress can of sexually assaulting is filed a civil suit against him. cuse is the former i.m.f. chief of launching a violent and sadistic attack against her when she arrived to clean his manhattan

hotel suite at may so scarred his parts pleaded not guilty to the charges he's been released on bail amid doubts over the maid's credibility. surely financial guru most kaiser's co-host stacy herbert debate privatization drives gold coins and debt deals first so let's get an update on how the world's markets are doing right now with dmitri. thanks kevin lowe welcome to business r.t. first of the federal reserve has said it will most likely maintain interest rates at record low levels till mid twenty thirteen the statement provided little assurance to investors with the dow losing most of its tuesday's gains the dip down fifty points but has now come back. bernanke you. didn't. give to the markets issuance that they will be taking care about this situation in their markets he just. told the usual stuff that they will be doing whatever it be

just to promote the stability and to prevail in their inflation. that actually didn't please the market a lot for the rest of the week that will be usual or to lead to again which will be like forty five percent intraday movements and just after this slump a lot of people will be choosing parents bought it seems to me that not all the redemptions are in the market maybe the investors will be put off money from the table especially from their research the. countries like russia. look at b. of figures on the u.s. markets they've come back up with the dow one point two percent and now a lot of volatility see them financial stocks citigroup and bank of america are up eight and a half percent off a massive losses the previous day. at one point the footsie fell below five thousand points for the first time in over

a year at the end of tuesday's session but once he managed gains of one point nine percent the dax is not managing to go into positive territory. gold's been hitting new record highs pretty much the past couple of sessions a seven hundred forty dollars up one point two percent silver though coming down around three percent. paranoia the price is down of this hour light sweet shedding two dollars sixty four cents brant one dollar eighty cents as investors are worrying about the sluggish u.s. economy pace of recovery and demand for crude oil prices absent fifty percent this out of august weighed by fears that the economic recovery in the u.s. has hit a rough patch. and finally. cyclical because a picture in russia where the r.t.s. went down three percent at the close of my six point one percent confidence coming from was not enough to go into positive territory if we look at the main movers on

the markets energy majors closed next grass problem losing almost two percent while lukoil gained point three percent banks were also gaining his all to sell for the broader picture. well it's been another extremely nervy and volatile day again today we see the russian markets aping this morning in negative territory 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 clay's in the black but it wasn't to be and they both place down our ts down t. point eight percent and my six down no point one three percent there is a lot of uncertainty and instability still now is simply 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 tell us we have had some good news and the oil and energy mages have actually managed to clay's 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 complicated to into the markets after the u.s. downgrade hit the rebuttal of 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 jump 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 will no one 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 driven yet investors have really lost their confidence at the moment and is whether the markets are going to be able to even come that fear factor amongst investors to stabilize the markets kind of like some of the headlines with carol.

we'll. bring you the latest in science and technology from. the future coverage.

tonight let me take you through a top story thousands of police move on to the streets of london to prevent new violence and looting after three days of disorder and that outbreak of rest has been reported in the northern city of manchester where hundreds of people joined rioters. the u.s. federal reserve the u.s. economy is not as strong as it thought the feds comments were enough to push the u.s. markets back into the red after a day of modest. and europe's top bank says the continent's going through the worst financial crisis since world war two european markets certain day to day despite the central bank's move to buy the region's crippled economy. more money. international.