israelis and palestinians are urged to return to the negotiation table as the middle east quartet lays down bush's new goals to ride the momentum of the palestinian statehood bid at the un. education stagnation shock new figures reveal one of five british youngsters leave school without basic literacy and are struggling to find jobs as a result. hands market meltdown it's the worst trading week in europe and the us is the crisis of two thousand and eight as fears of a double dip recession grow despite the efforts of the math and world bank.

it is a dam in the russian capital you're watching artsy was memory natascha and new era dawns in the palestinian quest for statehood after its president submitted a formal request for recognition to the united nations and impassioned speech by mahmoud abbas was greeted with rockets applause by representatives of the international community while the israeli delegation chose to walk out in protest of work i was watching it for us in new york the palestinians have a fish elise submitted their application for u.n. membership and statehood that application is going to be discussed by the security council on monday when the palestinian president mahmoud abbas walked into the general assembly he received a round of applause that lasted for more than a minute that's not something that's often seen lots of delegation stood up and gave him a standing ovation and they did this several times throughout his speech. the

speech lasted about forty minutes and he addressed the desires of the arab people their desires for independence and for democracy referring to the arab spring and he said the time has come for a palestinian spring palestinian independence when he held up his papers showing a copy of the official awful occasion he had submitted to the secretary general that's when he received another sending ovation within a half hour or so after that israeli prime minister benjamin netanyahu addressed the general assembly he said he was not there to get around or a pause he was there to speak the truth he said the truth is that israel does want peace but israel is not going to compromise its security and he believes that no un resolution can bring about a palestinian state without negotiations between israelis and palestinians the middle east quartet issued a statement outlining somewhat of a timetable that would bring the israelis and the palestinians back to the negotiating table and continue start up reignite some bilateral talks at this time

people works as follows within one month the quartet would like to see both parties to sit down together at the negotiation table by three months both sides need to outline their proposals regarding territory and security quartet representative tony blair said that without russia's support. and help in reaching a consensus this statement could not have been reached a timeline not outlined here's a little bit of what mr blair had to say. the international community as a whole saying we understand you've launched the application with the united nations but probably negotiate and he is a specific thing we want you to do within this three month period to build a comprehensive proposal borders and security the most to conference i hope will come of this process and allow us to review the progress within six months is very sensible let me have a conference in moscow russia's played a constructive paul. all this together and this week and therefore it makes sense

to hold that conference in moscow now the united states has stated several times that it will use its veto power if it has to to block the palestinian bid for statehood so clearly a lot of things unfolding all it wants. now reporting there for us as mahmoud abbas presented his case to the un enormous crowds a lot of the streets of ramallah and across the palestinian territories to wissam but as are his policy or reports what began as joyce celebration was soon marred by clashes. well there has been overwhelming support among palestinians for this historic bid for statehood at the united nations there have been celebrations for the last few hours here in ramallah as well as in the all the major palestinian cities in hebron nablus bade him to carmen what those palestinians that i've been talking to by and large say is that they feel that years and decades of struggle have finally borne fruit and this bird at the united nations is that food really

for palestinians it's a done deal but certainly tensions are running high on both sides of the borders both the israelis and palestinians are concerned that what we saw today friday is just the beginning of what will come in the next days and months and what we saw today was one palestinian killed in clashes between palestinians and said this there are reports of israelis who have been killed in clashes so all of these kind of reports just pointing to what the israeli army was afraid would happen but at the same time palestinians say that the israeli army has been preparing for this violence and almost in that paper ration it's as if one city and once that violence to happen palestinians are concerned that the israeli army will now crack down heavily in terms of security in the west bank will make it more difficult for pallets of palestinians passing through security checkpoints and border controls and also as a form of almost punishment the israeli government will withhold taxes that it can

make some behalf of the palestinian authority one of the questions that people here are asking is what is the political implications of all of this for the palestinian president mahmoud abbas now there has been an outpouring of support for him among most palestinians he's never been this popular before. but what people say is that this might be short lived because it is not a done deal in fact a done deal is that the united nations security council will not recognize the kind of stimulus stations or questions being asked about what is the long term future of the palestinian president at the same time it is important to note that her must has not come on board with a must prime minister ismail haniya saying that the palestinians you do not need to big the international community full recognition and so they are very real concerns about how would a future palestinian state work when you have hamas and palestinians here in the west bank so much in disagreement there is also of course the question of negotiations with palestinians now when does rady saying they're going to sit down

with in the mix a month according to what the call to it is asking for there all those who do believe that the palestinian president has given in to push from both the united states and israel that they should have been a vote that happened and that their vote should have happened today because they are reporting there for us but i doubt that it has left its spirits across the arab world there is still much to be done first among those is to quell any violence according to our desoto was a senior fellow at the ralph bunche institute. palestinian territory will remain occupied and i don't think that the occupation will come to an end without negotiations with israel i hope that the palestinians will react with serenity and i hope that their leaders will explain to them that this is only one more stage in their efforts to obtain

liberation from occupation so it really depends on how the leadership handles it and they have to build a case that they are in fact ready and mature take on the responsibilities of respecting their neighbors and ensuring that there are no attacks from their territory. and as a teenager prepared to resume negotiations all efforts must be made to prevent their slide into the old fruitless peace talks according to palestinian m.p. dr mustafa barghouti he says that only saw an expansion of israeli settlements on occupied land. we cannot stay within that and some of the useless negotiations for over twenty years have been lost without any progress because of israeli policy and because of israel's of structure and peace even president obama himself a year ago in the same united nations said that by two thousand and eleven

palestine should become a full member of meanwhile why don't you go officials what happened in israel was an accident by predators stood poised to piece by piece by the end there would be nothing left can you do here but israel has created a situation like blue sides are negotiating over a piece of cheese one side the palestinians are just talking and there israeli side is eating good piece of truth then to the as i said nothing would be left or there we are going to be one and creating a new day and i mean can you put a dime because we want to build a world that we cannot accept to steer to steer clear of the full completion under apartheid system and that we will not accept understands and get out of as a substitute against it in reality this is not our fight about the good condition of the state or not it's about whether we have a real sovereign state that can be viable contiguous and particle for world peace or do we would be and kept in prison like it is or understands under israeli regime

money and control. still to come on the program here on our team splashing out on a dinner. very clear to billions because i love it obama now a year ago sure i did love. people on the streets of new york how much they'd spend to dine out with obama. could this be the solution for exhausted air travelers a russian company on veils the sleeve bots a peaceful shelter air force hustle and bustle. levels of literacy in developed countries is something that's often taken for granted but a recent survey in the u.k. has revealed an alarming number of school leavers a lack even basic skills in reading and numeracy it points to a bleak future for young people they are together with a rising use unemployment rate are just lower emmett's try to trace the roots of

the problem. reading writing and arithmetic the cornerstones of basic education but one in five young people in the u.k. leave school without them and that hasn't improved since the one nine hundred sixty s. teachers salim roger picks up the pieces schools have dropped teaching sixteen to nineteen year olds wholly unprepared for the job market it is purely down to the individual themselves. interlinked with their upbringing how the family raise them so sometimes it could be a case of it's not only do they want to show that no i'm not smart i'm not a study type of person i just can't get along with people and that is actually a big problem as well salim teaches small classes of school leavers who realize they can't get a job with their level of writing and math these students are managing to stay the course despite a thirty percent dropout rate and

a poor school record i missed out. here ten so in year eleven i didn't really get a chance to revise much and get a much rougher cause destruction like there was a lot of students from st jacques to. be able to keep my english and math was just. you know. kind of messed up the girls both want jobs in retail but in the right place and they're not alone in their lack of literacy newman's one of the most deprived areas in the u.k. where more than two thirds of children live in low income families it's also now hoped to be in the stadium and the recently opened westfield stratford city which is europe's knowledge of shopping center westfield wanted to hire five thousand local people almost half of them from the ranks of the long term unemployed candidates managed to say were enthusiastic but it was soon disk. that more than

three hundred of them couldn't read all right enough to fill out a basic form westfield is giving remedial classes to its new recruits in the hopes their enthusiasm will carry them through but a comrade survey shows companies all over the city feel the education system by touch the university is letting them down to fifty eight percent of london business leaders for all too often graduates in london lack basic literacy and numeracy skills this is we're talking about people who spend three or four years in higher education so that's very mean but it is a very very damning indictment of the education system at large and it leaves one wondering water water or those who haven't been for university of like meanwhile the number of unemployed eighteen to twenty four year olds keeps on rising the latest figures showed nearly eight hundred thousand to now out of work but if businesses can't count on them to be able to add up and read instructions there are

likely to want to risk hiring them you are at it r.t. london. i'll get more on this than any of the other stories we're covering log on to our website r t v dot com here's a quick look at what's available there break out more or respects a less than difference educate her seders example of communities in russia's northern tower paul who's become a superhero in saying that his book. also like. i see myself as. underground. thank you take. what i had an interview with britney spears as a pop prince's gears up for her cell in moscow. the .

remark it's both. europe and the u.s. have seen their worst week since the financial crisis of two thousand and eight heightening fears of a double dip recession massive losses came despite be sure and words from the world bank and the international monetary fund that has of the lending institutions gathered for their annual meeting in washington to discuss ways to deal with european debt crisis and the slowdown of global economic growth major banking reform is only way to stop the gold price for you and you are to these economic sects that's kaiser but he says corrupt bankers stand in the way. it's not a recession in the classic sense of labor and products and manufacturing that's not the case at all this is a balance sheet recession in other words that banks principally their balance sheets are collapsing and it's causing the overall economy to collapse because over the past ten to fifteen years the real economy is now dominated by the banking industry so when the banks' balance sheets collapse or they're doing now it

collapses the global balance sheet and a continuation of the global depression there needs to be a global concerted effort to balance everyone's books to write off all the bad debt that will never be pay to recalibrate currencies and to restart the global economy because there's no political will for that however because the bankers would lose and the bankers control the agenda of the politicians but the point is that without banking reform without locking up the corrupt bankers there will be no forward progress and there's an enormous debt burden will continue to cause a wide scale poverty and economic chaos throughout the world anyone asking for a bailout is asking let's say the i.m.f. for a bailout and the i.m.f. is bankrupt the world bank is bankrupt and all they do is float more debt to pay off these local country's debt it's a huge debt polities game with a huge debt pyramid scheme nobody has the equity to cover their debt. and coming

out in about fifteen minutes and gaff work out the role of russia and other emerging economies in the current volatile global situation here's a quick preview on the money. other countries emerging markets going to be looking at this volatility because in some ways some of these there are some real cherry picks out there i mean flight to quality i'm thinking of these kind of things here and if you've got the cash you're going to give emerging markets like russia second third look now though to the moment at the moment that it's being true as far as i can see by pure terror the over the course of the. in europe and major brinks. european banks going to the wall people are doing what there was to them and therefore to the things that they think in the safest steeples in the states gold but the irony of this is that the emerging markets are sort of really if you look at the fundamentals they're in a lot more sort of position really this is a crisis of the worst global crisis.

as financial stocks in the u.s. from a merger is that a fund raising dinner for a barack obama cost a mouthwatering thirty five thousand dollars or had very hardest tasks people on the streets of new york how much they'd spend to die out when the u.s. president. president obama held a dinner that individuals could attend for just over thirty five thousand dollars how much money would you spend to have dinner with a world leader this week let's talk about that how much would you spend zero by. how to the job he's doing. forty. i think twenty dollars twenty back by ten bucks. hillary clinton or billions because i love her but obama now obama a year ago sure had a lot of money now actually if you. put five thousand dollars on taking that money

and feed all the homeless or your dog will be good like a one thousand. this has what i could afford is there anyone you would spend more to have dinner with. maybe michelle cheney i would love to spend money to talk to him actually get the truth of what happened for those two years but you won't get any truth out of that one some kind of important. really just something for mankind and you don't think politicians do that i don't think they're doing that too much it would of. course and what would it be thirty five thousand dollars at the pentagon what the thirty thousand dollars were useful spent for a campaign funds for. ok here and yeah. definitely how much would you spend to have dinner with the pope and spend thirty five thousand for the loans or give it to charity you think that would guarantee

you if you have been here i think you got a good call with go it yet is it politics and government has reached such levels of b.s. and it's partly due to all of the money that's involved with that no i don't think i would spend money on that i don't think that's i'd rather somebody spend thirty five thousand dollars on edge. haitian or some direct way of actually helping people instead of just getting in good with a lobbyist no matter how much money you'd spend to have dinner with a world leader let's just hope that at the end of it they'd pick up the check. russian politics is coming to live i have december first parliamentary elections the ruling united russia party had by prime minister blair you were putin is holding its annual congress with around ten thousand participants off war on a meeting we can all cross live to her spartacus. because it's a war are the main sayings were expected to come out of this conference. the main

question right is that we killed the two or perhaps even both at the reel of the twenty twelve presidential election may be sold today as the united russia congress takes place in moscow and has its second day and the fact that people are looking forward to answer to that main quis of russia is explainable because it's the peak of the election season and this is last of the yearly conventions of russia's largest political party largest political force so both president may get it done prime minister putin are expected to drop hints or. maybe even make an outright declaration well our two sources claim that president medvedev will come up with a twenty minute speech today right before prime minister putin is our long address and of course the big question is whether that it will announce whether he plans to

run for a second presidential term anti-national but this issue you have peaked over the summer when some analysts claims that a private agreement had already been reached between the two in july and last week's scandal of a billion army health proverbs stripped from right course bozzio will be added to speculation that certain changes are in the air which we are not yet aware of well according to russian daily is this preliminary united russia lists have already been leaked to the press with all six hundred names say for the top kill ready determines out according to the daily star being kept for the better from putin and if that turns to be true whatever the list of russia's largest party could be a telling indicator of who will run for another presidential term in march twenty twelve though there are those analysts who claim that the why should not march presidential vote will simply. he avoids it as a and also that both are actually interested in keeping up this is pounds as long

as possible as it was the case in two thousand and seven when. it was made only in december but i don't want being pushed or whether or not presidential plans are aired today they'll be some interesting talk in the corridors. well this mean obviously apart from his guessing game about the ruling tandem why does this form really about. well at this surely there are two reasons for this convention the first is evil that is to make. to make public believe so russia's largest party all those candidates who will make it to palm and in december for parliamentary vote and second we will expect about prime minister putin as the chairman all the united russia party will outline the future program and of course the statement by the president that he is also participating that he will give a speech was read by many news makers as an indicator that he will also. tell us

something about his police a future there are over ten thousand people participating in this congress and today saturday the second day of the poem rest is the main day there are delegates from other countries broadcast far away is it in south africa and brazil there are also non-governmental organizations participating and also there are those people who answer the whole russian. people's front and that's the policy is central executive committee says these help at track those who are actually normally indifferent to politics and are even critical of united russia but of course the main focus will be on the speeches of russia's president current president and the prime minister all expect of course that they will drop hints about their political future about who is going to run russia up to march twentieth will. or

a dream thanks very much indeed for the subject has been a breach of reporting there. right now let's take a look at some other stories from around the world and i have finished their biggest joint they were exercises in the indian ocean the vessel the first modern world frigate with stealth features built in india drew most attention during the when they were which started on monday also involved any of helicopters and other aircraft the two navies worked closely in two thousand and eight when sri lanka defeated the separatist tamil tigers. as well and presidents over time as has returned from cuba after completing the final round of chemotherapy there is that it was successful as tests have shown no signs of any recurrence and he was ready to stand in next year's presidential election chavez underwent surgery on the island in june to remove a cancer tumor and have five subsequent rounds of therapy. thousands of

students have clashed with police in the chilean capital santiago demanding education reforms security forces use water cannon after a group of students piled chairs and benches as barricades protests came after god of the negotiations with the students broke down demonstrations in the country have been running for months. well if you're on the go and eat a quick nap and you rush in design might just have this solution it's called the sleep box many hotels to help exhausted ventures catch forty winks are tested out. what can be cuter than a sleeping baby a baby sleeping in comfort and airports and real way stations are not the best place for it. and i'm too young russian architects have decided to change that with a silly books sound proof and air conditions it's a mobile hotel room for a quick arrest and the demand for them is already looming over the workers for the for the all the in the future and in europe that.

the e.u. is faltering the forrestal of the e.u. spain similar concept capsule hotels were invented in japan some thirty years ago but never became popular elsewhere and this need a design comfort will cost you about ten dollars per hour well deserved rest until business experts say sleep boxes could be goldmine. for transit passengers or foreign students even it's a great idea taking into consideration always unpredictable transport collapses it cetera they a much higher standard capsule hotels and the only one installed so four is already drawing attention all those traveling through moscow for the longest flight i've ever been on lasted for twenty three hours two stops i don't think there's a need to explain how desperate i was for a power nap just couple more minutes to one something for the rest my eyes right now i'm going to check out the like to sleep in one of these just acknowledge.

right there raise us up today here on ars he'll be back shortly would have lines say with us. on the money with the business over russia business.

in two thousand and ten especially economic zone for industrial production was established in russia somalia region with a total area of six hundred sixty six as. its investors are granted exclusive tax and customs benefits which includes a five year exemption from property lands and transport taxes as well as an income tax reduction to fifteen point five percent. the special economic zone operates as a free customs own which enables manufacturers to market their products in russia free of important things some our region as he said is currently witnessing a surge in infrastructure construction.