watching r.t. international it's midnight here in moscow and my name is kevin zero in with the headlines for you in our top story some sixteen thousand police officers a patrol in the streets of london tonight in a bid to prevent more clashes but it's in the northern english city of manchester tonight that a large group of youths have been throwing missiles at police the random violence is entering its fourth day than although the worst hit areas of south london do appear calm artie's over bennett's there. 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 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 more wealthy areas first to save them before turning up here politicians and the police are putting that putting last night's 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 youth 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 it so at the same time they do sympathize they feel it's all part of the same thing was they might not know mark duggan the

person who 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 left anything by the coalition government and they then 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 a high unemployment rates and. i feel i may have nothing to hope for in a moral man is my colleague nor any london's burning rioters and police take over the capitol 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 fantastic precious for higher 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 and the war isn't concerns and community about the death of 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. bearers of some of the groups. these groups. you know the bubble the. spirit. on the 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 that bad as it's been for years and with the 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 initial spark for the violence in britain was the police shooting of a man in tottenham and tensions could once again be stoked after initial ballistic tests suggested that the victim didn't actually fire a gun at the officers i spoke to independent journalist patrick henningsen a bit earlier who was himself 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 saying i was in brixton early monday morning about one am i saw 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 got sieged about an hour after that incident so no police to be found even if you dialled 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 have been paying attention to what's going on around the world in the middle east in north africa the leadership in britain in the police force in britain think oh we're different no it's the same you have mobile phones blackberries twitter you

have mobs they're 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 we very much like to know what you think about this whole story this developed since the weekend what you think may have caused it if you look on her website about were asking what do you think the driving forces behind the rise this is what you're telling is still the majority of you tonight think it's the result of heavy handed policing by far and away the majority votes going down a little bit was about fifty percent earlier on others of you bloviate on the struggling economy or the failure of multiculturalism in europe the rest of you are going to try to grab anything they can get and salute you could join in the discussion you're still trying to do it log on to our website let us know what you think of r t v dot com. the us federal reserve's admitted the us economy is

not as strong as it thought that it could force it to keep interest rates at record lows for the next two years the hope common first is that the fed's comments were enough to push the u.s. markets back into the red for a day of modest gains are to report got the latest from. 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 but it doesn't seem to be the case the federal reserve met for the first time on tuesday after the u.s. is credit rating was downgraded from aaa by standard and poor's so this was a meeting that came right after that happened and 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 meet right after the financial

crisis hit the u.s. and you know in fact of the rest of the world a lot of a lot of experts believe it is out actually hurting the economy by keeping interest rates so low bank banks are squeezing lenders for more profits and then it becomes a sin. mick kind of web where everyone squeezing one another initially fell after the federal reserve did make its announcement 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 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 wonder stan this is a significant crisis and this is a crisis i can tell you from what i've seen reporting in different states of 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 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 revenue post to eric margolis told me the u.s. is spending too much. should be concentrating on issues of home. it certainly will be savers and retired americans all the people who put their money into

retirement accounts and plan to live off the interest on accounts there will be no interest and there will be no income for a lot of them and what is needs is the government is still suring up the banks but at the cost of consumers it's now in states where being under invaded. ours will no crimes be too much to pay for france but we're not paying for defense right now we're pretty close and it's in the sense that america's military operations are all around the world and america is simply spending too much on the military americans are bombarded with low kinds of them arms warning of outside forces trying to attack united states us military spending now accounts for almost half of world military spending and it is inevitable that the pentagon budget is going to have to be cut but it's going to be very hard to do so because the hands of gun and its allies it looks very defense industries very cleverly have spread

arms production across almost every state and even yet making sure that whenever a plant down arms program you're going to have senators and congressmen bringing bloody murder of right across the country. with a global economy stumbling deeper into uncertainty we look at all the latest developments on a website as a taste of what we call lines of the voices join the call for a review of america's priorities right now telling leaders to put aside plans for world supremacy and instead to feed their own people that's online tonight also a look at how the financial despair in the u.s. is turning some thriving industrial centers into a complete ghost town again it's revealing its online tonight on our website dot com. european shares regained some ground meantime after their own heavy losses but the e.u. 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 prop up their struggling economies trading has been volatile with fears eurozone and u.s. debt could slow growth already struggling economies the eurozone is playing to boost the powers of its bailout fund to try to keep the contagion from spreading to major evil common ways now but earlier i spoke to dr christine reich he's from the frankfurt technical university he told me the european central bank's move is actually doing more harm right now than good 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 straight forward 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 that if you look at really you know spreads on government bonds they are now almost make. a pretty euro levels and i would say this is something which shouldn't amaze us too much and it shows that in the whole entire that is in the time for 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. and as you as their members joined forces to try to save the common economy one e.u. member states happy that it isn't bailing out the single currency and that's poland was supposed to adopt the year or next year but those plans are now on ice with warsaw rather eager to stay out of the crisis. reports. while parts of europe have been teetering on the edge of economic abyss poland has remained stable

in the storm along with this currency. there is a widespread belief in the country that being outside the euro has helped keep poland out of trouble. if we were part of the eurozone then we would have been obliged to help countries like greece and portugal how can we help out someone else without solving our own problems it's almost guaranteed that prices would go up that we join the euro zone which would damage my business recent opinion polls suggest that more than sixty percent of balls want to keep their own currency a dramatic turnaround from just a few years back a few years ago the euro was seen as the euro club scene or something very exclusive polls aspired to this they wanted their country to join now the name of the euro has been sullied by the troubles in greece and italy poles don't want to be dragged into this crisis if the government forced the euro issue try to bring. it could be political suicide poland has fared much better than many of its e.u.

partners in the global crisis several countries like greece ireland and portugal are on the brink of disaster partly due to a boring binge allowed by your membership and associated low interest rates being outside the euro zone meant poland could not join the party but now it does not have the hangover poland was meant to have the euro by next year the time when the country is co-hosting the twenty twelve european football championship but with the latest developments these plans may be shelved for another four years e.u. rules say poland is obliged to adopt the euro once it meets the economic rules for joining but polish politicians are now much cooler on the idea with ministers saying the eurozone needs to get its house in order first but very important for us . need for institutional changes. into eurozone i mean the konami governance of euro zone and also some crisis management we see

some need for changes in the eurozone before. target date will be a. set up the game has changed and the euro club everyone once wanted to join may now be the invitation no one wants to accept the looks of ski r.t. reporting from warsaw in poland well the day's top news stories of emergency services are searching for an on top of twelve cargo plane they disappeared last night in russia's far east of the leaven people on board the plane it's missing is the oldest aircraft in russia's civil fleet it was heading for a town in the two kot region at the time when the crew told air traffic controllers that one of the engines was on fire they asked to make an emergency landing but then shortly afterwards the plane disappeared from radar as authorities say fog and heavy rain the search effort. libya's government has accused nato of killing

dozens of civilians in the west of the country tripoli claims at least eighty five people died during recent strikes officials say nato bombed south of the city of to allow rebels to enter the area they live says the targets there were military maids are there of libya's rebel movement the site the entire executive committee which functions as a cabinet it follows the assassination of the commander of opposition forces last month r.t. spoke to steven lebanese an author and blogger who told us it's all vs there's no agreement in the rebel government right now and that nato is losing the war. the rebel camp is and this is a really easy to give committee was this they were unconfirmed reports that the rebels would sit in such disarray that they were literally contesting among each other some people call it the stay only others say nato is lost is the class always going to win this war new terror but they certainly can win it by imposing

its three hardships on the libyan people legal claims we're not targeting civilians we're not killing civilians they made it one quarter call mistake nato is targeting civilians there is part of a strategy or me us girls school was only university if there's like killing civilians i don't know what is this. also making headlines the smaller least five people have been killed eighteen have been injured clash over unlawfully seen as the 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 and roads blocked security forces result of using water cannons tried disperse the crowd. at least fifty people including children have died after a passenger boat sank off the indian ocean archipelago of course the vessel was carrying over one hundred people when both of its engines failed in that cause they

say the boat capsized those are the most serious injuries were rushed to the main hospital of the capital while others were treated in local health centers accidents like this are relatively common in the calmer silences boats are often overcrowded . the hotel maid who accused dominique strauss car of sexually assaulting it has filed a civil suit against him now. they are lower accuses the former i.m.f. chief of launching a violent than sadistic attack against her when she arrived to clean his manhattan hotel suite in may star's cars pleaded not guilty to the charges and has been released on bail amid doubts over the maid's credibility richard syria's neighbors are increasing the pressure on the government to end the ongoing crackdown on protesters several arab nations of recalled their ambassadors from the country now and turkey's also joined a growing chorus against president the sad it comes as government forces intensify the assault on opposition strongholds and tank and artillery fire at over three hundred people have reportedly been killed in syria over this last week making it

the bloodiest in the five months later. well and so the news looks tonight now with the current financial turmoil in the u.s. and europe there's more talk about the need for a new global reserve currency r.t. spoke to nobel prize winning economist joseph stiglitz on the eve of the bretton woods conference last april than it did his words now seem more relevant than ever .

joseph stiglitz is a nobel prize winning economist and columbia university professor and he's pushing for a rethinking of the global economic framework in the wake of a financial crisis now he's come with other economic and policy leaders to the historic bretton woods where decades ago a conference here led to the formation of the international monetary fund and named the u.s. dollar as the reserve currency and they've gathered to rethink some of those very policies he joins us now to tell us more about it i want to thank you so much for joining us professor now you've written recently about the increasing disparity between rich and poor in the united states and you've even compared these conditions to what led to the other us we've seen in the middle east so what do you think are the factors that led to this and what do you think the consequences will be with the point i raised was that the increase in the concentration of income and wealth in the united states has been enormous. would happen in the last couple decades is almost

a quarter of all the income goes to the upper one percent. around forty percent but now you measure the wealth goes to the upper one percent americans used to think of themselves as a land of opportunity everybody else thinks of themselves as a land of opportunity and they think of old europe as ossified. the data. show that most americans are worse off than they were a decade ago and that is that if you include the sense of insecurity the loss of jobs with it in security but health rights that most people in europe take for granted in the united states people with a loser job can lose all the access to health care and one of things that i raised in my article was that if you have a very split society. there are going to be very different views about what's important if the rich can buy their own parks they don't need to have public parks

if the rich can buy their own education we don't have to have public education if the rich can buy their own health care we don't have to have good health care for most americans and that's where we're winding up today so the people at the top that one percent. are using their political power to try to preserve their wealth and meanwhile making sure that the government doesn't do what is necessary for the prosperity the functioning of our entire society so who's to blame here is it politicians asleep at the wheel or out of touch with reality or other greater flaws in the system it's both i mean there are some really deep flaws in america's political system. our campaign contributions supreme court said that corporations are people i mean a philosophical i find that difficult but they said because we can't restrain the rights of free speech corporations have unlimited ability to contribute and that

means they can use their money to get laws that allow them to escape taxation and to shape a political process that really works for them but not for the rest of the country what about the u.s. dollar because you're someone who is calling for a new global reserve currency but why because some say what's the alternative really what i argue and i've argued my bookmaking globalization work is that the dollar reserve currency system contributes to inequality. that poor countries are lending to the united states at close to zero interest rate and then borrowing back in much higher interest rates an equitable increase it contributes to instability. and it actually contributes to a weakening of global aggregate demand a weak global economy because if countries are setting aside literally hundreds of

billions of dollars. saved the cautionary savings. that's money not spent time has also been critical of the united states for its policy of quantitative easing and if i've read your writings correctly you seem to be saying they have a point so what is that point the point is that the us is creating liquidity us worked very hard to open up global financial markets and one of the implications of that is when you create with quiddity it can go anywhere in the world it was where's it going not where we need it here in the united states it's going where it's not needed in china and brazil and other countries that don't want it so it's not only they don't need it they don't want it. we have to fix the banking system the united states our system of getting money into small and medium sized enterprises is caulked and the federal reserve has not fixed it you know they they

contribute the creation of a crisis they didn't understand the basic economics but because they didn't understand the problems that they were creating they didn't really understand how to fix it and yes they brought us back from the brink they saved the big banks but they have not really gotten our economy going again i want to thank you so much for the center via. bringing you the latest in science and technology from the realms. we've got the future covered hungry for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. couldn't

take free. free. free. free. free. video for your media project free media. tom.

but for most of this is out see it's kevin tatum headlines for you this hour thousands of police move on to the streets of london tonight to prevent violence and looting up to three days or so as an outbreak of unrest has been reported in the northern english city of manchester tonight with hundreds of people showing rioting. u.s. federal reserve's admitted the u.s. economy is not as strong as it for the feds comments were enough to push the u.s. markets back into the red after a day of modest gains. and europe's top bank says the cause is going through the worst financial crisis since world war two european markets certain today despite the central bank's move by both the region's crippled economies. continues to fall in half an hour here on the international.