in the movie the joint the hotel rooms the a movie that's the case we go to the grand imperial truly the taj was the bush coromandel you can oh well it's a little closer to see don't need to go and. read this in the kernel was her job as a retreat. with the police if the police were paid to pick up the bins are i don't think that doing everything they can they may see more need to be more compensated massive austerity cuts in the government's budget policies of blame for losing control of the streets after four nights of parlance in the u.k. . prime minister david cameron recalls collins to deal with the crisis i mean dunkin quit more. present because of course he is cutting short his summer holiday to hold an emergency meeting on the euro crisis as fears grow from could be next in line to lose its top credit rating. russell markets turned negative

after a strong open process there have little faith the wall street world and sustained will have more on that then business in twenty minutes. and activists in russia take matters into their own hands when it comes to catching paedophiles who escape justice as current sex crimes are also slammed for being inadequate. international news and comment live from moscow this is our t.v. twenty four hours a day just turned one pm here. sporadic violence has broken out in cities across the u.k. for the fourth night in a row more than half a dozen volunteer spots of flared up over the past few days buildings were set ablaze and shops looted hundreds of people have been arrested among man's been confirmed that there and it is in the british capital with the latest force. we saw a lot of trouble in birmingham last night which we also had seen on the previous

night manchester itself it will say flat up in quite a serious way as states variety of sort of small towns in the surrounding area say this violence has now spread out words from the capital into really improbable small towns all over the country and we're hearing reports that three people were killed in birmingham when they were run a foot by a car that was just running amok and the police you cannot invest there looting during cooperate the reason that it was under control last night we think is because an additional ten thousand police bringing the number of police to take to sixteen thousand were working on the streets of london last night but they had permission to use rubber bullets if they had to a supply of probabilities is available to them we haven't heard any reports of that having the t.v. actually deployed we still fires in other parts of the country losing police being attacked with rocks and with petrol bombs really this is this is something that is

now nationwide parliament will come back and meet today. coming back from that some a break to deal with the situation but i have to say that a lot of people were very disappointed in david cameron statement yesterday they were expecting him to come in here and say this is out of control we have to do something concrete about him what we're going to do is this this and this in fact he didn't say that parliament is coming back today they're going to take a to hold a debate which a lot of people said you know we don't need a debate right now what we need is actual action but the government and not proposing to introduce any emergency legislation is still with this situation and i'm here this morning in tottenham where of course it all began it will spalt up as a result of the shooting of a man called mob dog and what the building you can see things in polish behind me was set on fire by you says on the first night if these troubles and these communities in which the violence is taking place are hugely socially deprived there's nothing for young people to do around here. to youth worker in clapham yesterday he told me that people are on their summer holiday and would you rather

sit in and watch a television i would you rather go out and use in shops and she said even she knows which one she choose you know people out for excitement essentially and they're just looking for something to occupy themselves and that hole in their level of occupation is being exploited by other people who are you are coming in and old people older criminals are coming in and inciting them to violence at least that's what she told me so really really large social problems at a time when when the u.k. is spending an awful lot of money abroad in libya and in afghanistan and that's the subject of my report. across england and wales more than eleven thousand police have already been laid off in austerity measures by two thousand and fifteen a total of thirty four thousand will go meanwhile london and other cities are taken over by thugs the police have not been anywhere where the police it's the police but if. i can is a price i can hold little bit better i don't think they're doing everything they

can i don't mean anything more than eight percent while police numbers are being cut the estimated cost of the war in afghanistan from two thousand and one to the end of last month was thirty billion dollars all taxpayer cash british forces are also heavily involved in libya despite the ministry of defense being required to lose thirty two thousand start m.e.p. gerald patton says money's being spent on foreign wars that should be spent home but i think the point has come where we have to call in young horses what we've seen now and. criminality across the whole of long what we should do in my view is pull our troops back from these pointless wars in afghanistan in iraq. as money spent on two wars in foreign lands parts of london birmingham liverpool and bristol i sensually get. partly because of high immigration but also because young people

in these communities have no prospects they're bored and disaffected and as the cuts bite that's not going to improve a classroom youth worker told me fought out of eight youth centers have closed since last year it's about invest in your communities we take away the money from the police in we take the money from the youth what. are we are never of imagine such consequences to be only you know. a consequence of tuesday night sixteen thousand police officers on the streets of london according to the metropolitan police the forces being stretched more than ever before and increasingly londoners are talking about taking matters into their own hands bringing with it to ation under control is just the beginning of gold being the problem and it's not just about cleaning up it's about communities coming to terms with the fact that even at the current numbers if violence is widespread enough the

police been unable to retain control the feeling of insecurity in these communities is likely to remain for some time particularly if police keep disappearing from the be your emmett r.t. london our correspondents are keeping a close eye on the events as they unfold in london and beyond bringing you the latest updates on twitter you can follow them an underscore column. where we can see the latest tweet. or correspondent says that london is of taking to the streets of the british capital in a mass cleanup operation people on with just burns and brushes unite together to tidy up the mess or you can log on to underscore com for the latest there from our correspondent there in the. prison because of course he is true hold an emergency meeting on the euro crisis amid the speculation the french economy is on the brink of a downgrade he's interrupting his son on holiday after criticism for staying away while

turmoil grips financial markets it's this reluctance to put work first which some economists blame for getting europe into trouble in the beginning daniel bushell has more. of the united states the french are next on the credits a hit list to surrender the top rating france. according to rule of people at least. it's for play status. known for its life thirty five working week economists say the real reason why france like e.u. neighbors is in trouble they just don't work hard enough. is coming from heaven europeans are somewhat. and vital to the world without actually doing something for them so the e.u. dream is becoming annoyed smear the citizens demand better services working less exposed just three states should stay in the euro germany the

netherlands and belgium against share the same currency without having economic costs those nations know lead a growing resistance against fellow members because the sins of the pale centers on three issues people don't want to pay for others' mistakes they haven't been consulted and the money doesn't even seem to be helping italy this week became the latest country to bring out the big bowl but economists think it needs to deal with its own problems i think it is uncompetitive italy is growing relatively slow italy and spain have announced spending cuts but it's feared no with me enough to balance the books the e.u. citizens of being tricked into picking up the tab say analysts italy and spain it is being bought by the european central bank because all merry people called cross their fancy methods yet the easybeats funded by europe's taxpayers they don't want

to pay for these lousy greek spanish people but when they use the e.c.b. . nobody understands it's going to fridge points minister friends will burn ruins books of. phones as fears grow good friends is mixed with the loops of wars move. the last remaining careful states we have already how do you know. see brussels. could top the list of the world's strongest economies pushing the u.s. off its centri old seat when expected that's according to the international monetary fund which has the power shift in the financial arena to exist in its twenty sixteen parties proofreader is in asia with. the latest international monetary fund predictions are showing that china's economy will actually grow bigger than the u.s. economy by twenty sixteen which will be the first time in more than

a century that the united states economy will not be the biggest economy in the world initially we were thinking asian markets falling but people are saying that there really is only a short term impact and that in the long run that asian countries are actually better equipped they're dealing with a sigh initial crisis india china and japan have actually been growing since two thousand and eight well obviously that's not really happening in the west as significantly also you know foreign investors if they start following the path of risk aversion and moving away from u.s. treasury bonds many people are saying that they could start investing more in asian markets like india and china so many people over here are actually seeing all of this as an opportunity for that shift to really happen for more of the international community to get on board and move away from the dollar as the reserve currency into some sort of basket currency that could include a lot of the asian powerhouses like japan and china. well for more on the power

transfer in the global economy we can cross live to martin who is the rector of financial advisory firm tice group limited joining us live in hong kong now what makes the i.m.f. think that china could leap frog the u.s. four years ahead of the initial predictions. i don't know it all regional prediction properly. now you mean china overtaking the united states as the raw number one economy actually different projections let's say the i.m.f. is saying that. by two thousand and sixteen you have the economic forum that's. based in new york they actually said to. us next year in many in many regards china has already overtaken clearly. these are for that number one economy in the united states and that's when you're looking at the

physical economy physical production there on a purchasing power adjusted basis because they're women years undervalued and we need to reflect that when looking at economic sizes it does seem a bit ironic though doesn't it the china is the biggest foreign buyer of u.s. treasuries so you would wonder how a country with approximately seventy percent of reserves invested in dollar assets could really benefit from the u.s. this current problems. well i didn't say there you said. but basically you know you have to put your money somewhere at the end of the day and what you need to understand this first of all what's the nature of the rest of that crisis projection by standard and poor's made in the year two thousand there are six years before now where they actually projected that all of the major western governments were heading for junk status including france the u.s. germany and the u.k. and they started actually saying that they do as they would lose their aaa rating

stages in two thousand and sixteen so now riyadh actually five years ahead of that original projection and there was a major rating agency saying this things might happen even before the financial crisis hit another balance sheets of these countries if anything would have only gotten worse which is why the u.s. has lost the rating that year to fund the gang bailouts now also in the euro zone funding all of these countries bailouts and soon after the triple rating was to be lost you could see the downgrade projections their man made leading quite soon to junk status and what that means is when you have economies in asia economy is rather deficits and they're out of control and you have this kind of projections on the line that means that these countries are usually going to print their way out of the problem so you're the main risk and the new form of this one enterprises will probably be very high to hyperinflation in the western kansas and that means

investment wise you need to look at other areas particularly gold precious metals is something we have been advising for the past ten years we still are optimistic on that and then asian emerging market economies look a lot better than the western countries and even equity is generally in the in those emerging market economies such as china they represent some form of assets that are more inflation proven wrong so in two thousand and eight. what it is and which is where the growth think will be and ultimately as an end result of the crisis this time around commodities may be the real safe haven to be in equities may actually be out of print on bonds because equities are no inflation problem violence about the end result of the crisis what are we looking at here are we looking at another global recession. we're looking at potential national bankruptcy of the western countries as projected by by standard and poor's quite a while ago and so that's what we're looking at we're looking at a government on crisis the crisis was a banking crisis

a stock market crash now we're looking at the heart of the financial system which is that government bonds and then when people lose trust in those government bonds then they will also lose trust in their currencies and sell of their currencies and of course our rating agencies they cause people to lose trust as well don't they just how credible are these ratings agencies and how responsible are they for this panic now. some people say it's only because of the credit rating agency where first of all i don't like them at all they're not reliable remember that. in two thousand and eight they were rated aaa and then the next thing you know they were basically froze and you know i led sapir to have been quite a bit of conflict of interest so i think actually the chinese rating agency dugong is a lot more reliable than the western ones but i have already downgraded the us to a single now with a negative outlook and there are few others of more reliable ones but certainly iran thing that it's only the rating agencies that are causing this mess in europe and the united states now in fact these ratings are valid you're probably more

realistically when you're looking at a total of fiscal gap the whole shortfall of the united states finances that number is two hundred eleven trillion us dollars you google the lawrence quarter a professor of economics at boston university in the united states he is writing for the federal reserve bank for the i.m.f. and so on and look it up fiscal gap two hundred eleven trillion us dollars that's that's not too far from greece and therefore i mean the u.s. even double a rating that's ridiculous they should be follow up so the rating agencies and exaggerating here even in europe they are should all be far far lower than they are and they have their own problems not just because of the writing agencies most of thanks so much for sharing your thoughts martin helical that's all we've got time for associate director of tides group limited produced live from hong kong thanks very much indeed. well of course we would like to hear your opinion you can log on to our website it is r t dot com to participate in our latest poll and we're asking if eastern economies will be able to use current

financial terms to their advantage in a present the most popular response is yes the east will rule the world closely followed by the view they'll become a strong as the west go online to r.t. dot com to contribute good to hear what you have to say. south korea's navy is open for towards north korea off the shelves from the north pole close to their western seaboard or relations between the two countries have been unstable since an artillery exchange in november last year claimed four lives let's talk more on this with professor really good friend from the university of vienna thanks so much for being with us here on r.t. now could we see a repeat of that young pyong island incident when the north part shells killing four people claiming it was responding to provocation are we going to see an escalation in tension again. well of course we all hope that this will not be the case that information is yours to lose customers will be going to you know exactly

what was going on it's a little bit surprising in the short term because the hopeful signs of towards an issue between north and south korea. oh a little bit surprised just this is happening now on the whole school system as the situation is complicated and they might have to show some force to do it population so you're still struggling to find out what that really means and how despicable are the two countries technically remain at war following the nine hundred fifty to fifty three korean war. people wonder of course will there ever be a peace agreement and if we do see tensions escalating and things getting worse what could be the consequences if those two really made matters worse between themselves. well of course eventually we all think it was going to be a peace agreement because current situation is obviously not sustainable approaches when under which conditions and right now north korea are struggling with succession problem they have a domestic economy that is really dark also worsened by the recent floodings and

next year to have a big event coming up with the need to show some success to their people so that is a time really of things are possible and it's enormously hard to see how this will develop in the short run here could you explain a bit more about the succession problem or was he seemed pretty some more into the spotlight as his successor so what can we expect if any changes in the future if indeed his son does take. well so far it's not even clear word of his son will really pick power because he has not yet officially been announced their successor and expect this to lose next year even if you were heard still not clear what type of success that he will be really a third grade leader or will he be more like a head of a collective like to be seen in china and all those questions are not only asked by us in the worst but also by people in north korea it creates a lot of uncertainty and insecurity and for such a monolithic system as north korea such questions and such is you curious to use

a really dangerous one issue of course that is really isolating north korea is the potential or perceived nuclear ambitions of the country how do you read the situation there at the moment you think eleven like and give up these ambitions everybody suspecting them of having well i think it is of course going to be possible that north korea who eventually give up its nuclear ambitions but for the time be this is very unlikely it's about the only thing good thing i've got to keep them involved with the international community about the only success that control your control to his people ever since he took power distribution is way to ten. as for north korea to give up your viewpoint it should be actually so i'd say that in the long run dog good chances for those aleutian right now with you can do is simply try to prevent proliferation and look for the solution just briefly on that point then could it be argued that some countries actually stand to gain from this ongoing tension between the two koreas just briefly. there's

a good stores do not want to see in egypt a strategic cause in the music. and it is really interesting to hear what you have to say thanks so much your time professor dr really good friend chair of east asian economy and society joining us live there from the university of vienna thank you thank you sir. russia's high court will reopen the case of a suspected pedophile today who walked away free after his first trial as hundreds of child abuse suspects escape justice in russia each year the authorities are going call to take a tougher stance i think done a push over reports on health that up mothers and activists are taking that as it's of their own hands and mother in grief. was. even thought of buying a pistol and shooting him myself i simply don't know how else to protect my family live on the first floor with curtains constantly drawn i go to work every day with fear for my daughter richard only what shape. it was hard for you do admit she

trusted someone who. should rule the man into the house is a common law husband to live side by side with him for more than i knew. seconds with an adult who told me he threw a stray cat on the roof and said he did the same to her it should have a confided in me about the things i was doing to her there's no so the. one apple you finally managed to get things to record the jury acquitted the man who she says is now after her family hungry for revenge experience is just one example of many in a recent controversial case a man suspected of raping a seven year old girl was released without charge. yes i pulled off her underwear and she started crying i squeezed her neck and pressed her into the ground it only took a couple of minutes then i told her to go home and tell no one. only after an enraged crowd only lynch the men get police launch a full fledged investigation into the case and record that compassion authorities

also disciplined the original investigating officer will summarize this one of those awards that happened here is the mother was treated like a football she was kept around from office to office the tragedy had happened to her shouldn't know what to do but no one wanted to even talk to her were alone except her statement. russian authorities have normally close a fight against the sexual abuse of minors but results seem to have been meeting with estimates claiming thousands still fall victim in time to put things right after this have started taking matters into their own hands i'm underage that's fine i like small boys and would love to kiss you and hug you and the many other things tell you this video has been put together by a group of volunteers as they track people they believe are paedophiles and they go online pretended to be an underage boy or girl and they set up meetings with people hardly to prefer in minors the idea is to film their faces and expose them on the

web because they will but i wish we were simply a group of people who decided to fight this evil in our own way because our families live in this city our children walk in these cocks and we don't want them ever to meet those perverts most of it was not honest with them they try to act within the law but often operate and it's edge volunteers dropping paper balls online say most people will sign off when they learn the person they're chatting to is under-age but they also say roughly out of one hundred contacts one is said to be looking for easy prey can be the maximum sentence for child sex. this is twenty years in prison an amendment to the rule is meant to introduce tougher penalties including life in prison and conditional chemical castration but i'm still the changes are implemented and proven to be effective the activists say continue with their vigilante campaign kerry push global scale. but in

ten minutes from now a special report about those who try to find the truth behind the deaths of their relatives before that were really up we have some but actually as far as the business update that's next. hello and welcome to business here on the right you know we start this hour with the russian markets which are having a volatile day after a positive open encouraged by the saw performance on wall street overnight that's been bouncing and then out of negative territory it seems investors here have little faith in the measures announced by the chairman of the u.s. federal reserve to stabilize the situation. he didn't. believe the markets saw a sure and so that they will be taking care of all this situation in their markets he just. told the usual stuff that they will be doing whatever it is to promote the stability and to program their inflation for the rest of the week that will be

usual actually to get. just after the tsunami a lot of people will be choosing parents but it seems to me that not all the redemptions in the market maybe the investors will be put off money from the table especially from the recent the. high b. the countries like russia. and let's take a look at the equity markets here in russia which on usually are not tracking the more positive moves in europe and the u.s. the arts yes is just slightly off while my sex is that over half a percent. european markets are in the black helped by the rally on wall street's the footsie is up one point three percent of all the taxes over super science and the black terminal and there commerzbank and carmaker volkswagen are among the top performers there. in the oil prices are bouncing slightly however the international

energy agency is now predicting the zoo's demand int's once eleven and that's due to fears there will be another recession both light sweet and grants are added. about three dollars the south was growing just slightly higher there more than the three dollars the sting of the stuff fell look at the precious metals they are getting the sour after seeing trading on tuesday right now gold is adding almost one for science and silver is higher it's currently trading up thirty eight dollars . and that's all we have time for the sour the headlines are next with bill.

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