the performance of the all the bricks i mean if it is china performs well then the whole perceived nature of investing in emerging markets becomes more acceptable obviously china is having it having an in new government forming and in the coming year china has had a slowdown but we know we've had a slowdown from over nine percent to just under nine percent obviously the people complain about that ok and it's actually going i'm sure our profit friends in europe would be leaping all over night like ninety nine percent so yeah i mean is it is it a slowdown in china i mean you know it's nine percent is just outrageous and not just china we see greater china countries as well experiencing six seven percent growth levels so in that context if russia grows at three and a half four percent that's an under-performance it's something that you know the political elite within within russia need to address that's very interesting if i don't go back to you david do you think russia's economy is underperforming and if it is what needs to be done to change it. the russian economy seems to form

performing reasonably well i think one of the things which is probably affecting confidence in russia is is the significance band i mean there's been a huge expansion of the budget in the lead up to the call it lead up to elections maybe this is organ had to be paid for and therefore i suspect there's probably a wait and see to see how the how the but it's going to be financed there's been a significant imposition of employment tax and i think we'll wait to see how that affects business in russia whether it be some form of restructuring before we go forward. so i think i mean the economy seems to be quite well set as as the report said it's better than western economies and therefore there's plenty of opportunity but there are some issues which i think that people are waiting to see how it's going to be addressed by the administration at the moment is not very clear how they will be ok let's talk politics here ben what do you think the new duma ok. more contentious is certainly not going to be the same that it is certainly not the

same doom that we had before with united russia now there's a little bit more contention in there of more competition is that good or bad for equities. it's good we need a discussion i mean the trouble with having you know political power concentrated in the hands of a few people who stay there forever is that you are so fire the system and then it becomes increasingly inefficient to shake things up a bit is important we've always had a debate in russia between the liberal camp from st petersburg and the sort of the key you know the origin of mickey from the old system and now that's been his touche allies a bit more but nevertheless you know we still exist within this managed democracy i mean we've taken a small step towards greater democracy but we're sort of stepha yes i think so i mean any any increase in debate is a good thing i mean the critics would argue with justification that we should go a lot faster in that direction and i think with the presidential elections coming up you know last year everyone was assuming putin was going to sweep in the first round i think we'll see much more of

a debate this time i think we'll see two rounds in the election and again it'll be another step forward if you investors like that is it they see more debate you know that it's very interesting it is counter-intuitive isn't it they would prefer not to have that you know it's very good it's good for society but not necessarily good for business in the long term it's good because you get progress and growth in the short term increases the unknowns i mean you have to realize and remember that you know since putin's we've had twelve years of a political mill pond you know it's just been absolutely flat nothing's stability no debate as an investor that's very easy to work in so much as you just look at endings and growth and now you're going to shake things up and things could change then the uncertainties have increased and so in the short term it's unsettled don't worry about you and went political risk because this is one of the things that western media will talk about and not necessarily business media but news media in looking at russia i mean political risk good bad in the middle doesn't matter well in fact i think the political risk is not good at the moment because we have lots

of things to. be done and on one hand we need some change but within the chain. israel is not by only seasons but also but politicians are also authorities as well on the other hand any kind of reask in terms of. certainty is their family will be negative because of that will we have no at the moment we don't see any kind of alternative we're working out of time as you look at the aerating some of the top of the of the most important political ads the reading of which is about fifty percent or so who can be like so gone that he has political reading of the less than fifteen percent and other even less so who can who can we instead of right now that's a question so in case if we want to the economy to continue work well and investors to be more or less pretty sure of what was going on in the country what we see is of more political stability in it interesting so i'm going to go to you i think

it's interesting that maybe at this point you know the political risk is higher than we've seen over the last twelve years but that shows movement forward shaking up the works as ben pointed out here and there in the in the end that's a net positive because you see a system that is reacting to social attitudes i mean absolutely i mean the recent protests there or to the growing protests on the streets of moscow are definitely beneficial beneficial to not just a democracy but beneficial to the perception of russia around the world what i'd like to see is that the the protest movement moved within the duma so we're we're we're having a lot of positive words come out of the duma from various parties but we actually we haven't seen any any real action and you know there are a lot of things that can be moved forward and it's not just within the political parties but we need to see that move into legislation we need to see corporations adopting a just a different attitude as well in many respects interesting david what do you think about that the bar the level of political risk i mean is that in the law in the longer term you think this is

a positive development it's happening in this country right now i was very positive and it's very good news actually and i think there's always. the western sentiment is that is always a different thing from what actually happens on the ground and i think that westerners investors are looking with a certain amount about prevention of what about what's going on in russia but it's largely based on what they see on television screens i mean this isn't the protest movement isn't isn't a sudden sort of. change of heart amongst the russian population has been protested in a consistent development process in the protests in the country over the last number of years it's just been rather more kind of human rights based on what's happening now is a more sort of person although in a more frustrated expression of people's feelings business if the opposition wasn't there before and i think that what we're going to see what we are seeing is actually the kremlin being more responsive to that i think that they will be concerned to try and address. the evils which is which are consistently talked about in the russian and russian political establishment and i think that's a very good thing i think actually business looking at

a political situation which is inevitably going to be stable for the next few years i think we know who's going to be the next president but at the same time with an articulated force asking for more parliamentary democracy more of a discussion more responsiveness more of. a willingness to address the issues which align behind the very good fundamentals to make sure the fundamentals remain good and sound i think is extremely good and i think once we get through that this period of of of uncertainty and wait and see i think it's going very good for the russian economy because i think investors will get confidence ben and we will ask we're going i think we should emphasize that there's no chance of a russian spring in the style of north africa when the you had a large population twenty five percent of the population under twenty five who are unemployed and poor russia's revolution such as it is the middle class people are older and ironically the people have benefited from this and it's not borne out of anger is born out of frustration with bureaucracy and corruption and they want more

accountability but they don't necessarily want to change the government or any ok i want to take my guess. here and thanks to where viewers for watching us here on in the money see you next time and stay with our team.

it was shot four times in total and i have ways it would. sort of the bullets are still in my body. and those people should be allowed to defend themselves were they own guns in the hands of law abiding decent people are not a problem national rifle association was a group of basically retired military and we love to shoot holes and i'm sorry if you know that the bullet comes out here and this makes it go bang and

what's in front of here is going to die and that's all the training you really really need raise your hand if you know something's been. ok jerilyn what i want to the philadelphia horn is over streets. jello without a gun hopefully we will never have to use the weapons for self defense but we should be prepared the full class including the teacher i think was. seventeen students and six and one of seven was still alive. the official. one pulled from the.

video. and. now in the palm of your. process slams the new u.n. draft resolution on syria as an acceptable saying it's targeting regime change and paves the way for possible foreign intervention. protesters in poland down to continue fighting the international answer web piracy actually they say brings internet censorship under the guise of protecting copyright. and yet another blow to the struggling euro zone as the credit ratings of five nations are caught despite the crisis tackling optimism out the world economic forum and to have a. beer

with our live from moscow where it's five pm great to have you with us our top story this hour russia has said no to a new u.n. resolution on syria drafted by the e.u. and arab states that warns of further action if damascus fails to comply with a document moscow says that's unacceptable but is ready to continue talks on ending the syrian crisis were important i has been following the latest round at the u.n. security council. how european arab draft resolution was circulated to the u.n. security council members in which it calls for the syrian president bashar al assad to transfer power to his deputy while a unity government is formed and prepared for new elections now according to reports this draft text calls for

a political transition in syria it also says the security council could quote adopt further measures if syria does not comply with the terms of the resolution we do know that the russian ambassador to the united nations vitaly churkin expressed. deep disappointment with the draft indicating that he does not believe that the international community should impose an outside solution on syria in terms of the conflict taking place there and he also rejected the idea of an arms embargo or the use of force speaking imposed on syria because we should keep in mind that if this text includes that the security council could adopt further measures if syria does not comply with what the security council wants we don't know what those further measures could be you have countries such as russia china india brazil that believe that there is

a conflict that two sides are involved in syria and both of those parties should be addressed now russia has drafted resolution on syria but according to reports and according to what members told me it does not include the cohesive or punitive measures against syria that western countries are looking for and that's where you have a difference of opinions but this story will continue next week because from what we're told the security council will meet to discuss the text of this draft resolution. well as the war activist don de bar says it's nato is behavior in libya that makes countries like russia and china block any resolution on syria that implies using military force we saw how far they would go with libya they carried out a seven month massive bombing campaign that reduced the infrastructure of that country to rubble practically which had been built up only in the last forty years and they

installed a group of thugs that are so greedy that they're killing each other now that the government has been swept out of the way there by nato the thing that the western powers want to see in this region is discord they obviously cannot occupy the territories after they conquer them if you look to iraq and afghanistan you can see that that's the case but as long as the people on the ground are busy killing each other the united states can secure oil or in the case of syria for example the port at tartus which would keep russia out of the mediterranean it whatever other objectives they have. more than one hundred people are thought to have been killed in clashes between syrian security forces and opposition groups in the past two days are just our first has been to an area near damascus which was recently taken over by rebel fighters she reports although the opposition is united against the regime there polls apart on their methods. a clear message from the protesters in

the suburb of damascus as a funeral takes place. we don't want to linger don't don't we don't want to. see. children killing we don't read them we don't we will do you have to live. here i mean this this is going to all come to us for now they feel safety is being provided by the free syrian army the guerilla party made up of mainly army defectors who say its presence here is unable protests like these to go ahead. ever since the military cannot come in any more because the free syrian army is protecting us we support the free syrian army and we support. the former army colonel heads the f.s.a. from the brute he has been steadfast from the start and his calls the foreign military intervention of his safe are void of partnerships with any other opposition elements he sees differs significantly inside the country and the

national khuda nation council one of the leading opposition groups remains adamant that foreign military intervention would make an already to tear erasing situation even worse whole while the security position has caused some areas to get out of control it seems that there is a war between two groups on the outside the country and it's the syrian national council pitching itself as the main opposition but it too has failed to unify the many different opposition factions and this lack of unity has hampered the caribbean cruise to direct u.n. involvement question china remain firmly opposed to a resolution that would leave the door open to foreign military intervention and in a far cry from previous calls the dialogue qatar and saudi arabia is no tool to the opposition and leaves the state cost even more lives the same any news leader. and rebel groups did you have to work with the other side's working with the other side

. of. the say say they have little choice but to use it like the new way to protect civilian. reply have this main square here in town where the people who come out and protest every evening for the security forces try to come in but we protect them but this is what's happening here that it remains a precarious situation in the limits of confusion the crowd gets nervous and starts to run at one point gunshots still says where they come from well from oh you could say that that a lot of confusion here on the face even if you're reading in a different direction it's not exactly sure what's going on i know that the you know as safe situations there right now and all of this happening just fifteen minutes from the city center it's just a day before it's seeing many egypt like of the demonstrations so position can show continues to gain ground the divisions within the country have never been clearer.

and i don't like i'm getting a i don't think that that i mean that out and they are you know you care. that. they are going to get you. both are is keeping her blog updated and r.t. dot com where she's posting extensively on the situation in syria there are also fight images from various parts of the country that haven't made it to air the latest pictures so people rallying in fact here in damascus. download the official anti happily cation to i phone the i pod touch from the top story. the job life on the. video on demand. build costs. are assessed feeds now in the palm of your.

mission on the dot com. well polish protesters are refusing to give up the fight over the anti web piracy pact their countries signed up to more demos are planned against a multi-national deal forged in secrecy that activists say allows firms to censor the internet a new official resigned over the treaty which was signed by twenty two european countries this week and next year's have ski reports from warsaw. a passer by from england confused scenes on friday in central warsaw with the filming of a sequel for the hollywood movie. judging from the number of masked men and cameras such resemblance was tangible the film character forceful revolution these people are also standing for change to stop the anti-cancer free trade agreement act from becoming law in poland minus fifteen degrees centigrade is definitely not an excuse for thousands who gathered in central warsaw friday protests culminates

a week of numerous mass rallies across with people protesting against the internet censorship act it may have a positive aim to protect intellectual property but these protesters fear it will be used to police the web and take harmless websites offline. engineer martin says he's work is under threat because of actors obscurity with the international backed worked out in complete secrecy issues with. the visibility of illegally censoring information the government. is very unclear the negotiations have lost since two thousand and four and nobody's been told anything unlike the week's massive anti active protests in poland friday's showdown had clear political overtones while the majority of the crowd was voicing no to the treaty a large chunk was directing their anger at the government and experts say the scale

of public dissent has managed. to make more soldiers nervous the government was promoting itself as being modern as. people probably internet and people trying to keep them accountable so when they discover that the government is supporting something like that it was purely political no we don't believe this but this considers the harm government's suddenly seen to their point of view a tactic and the n.l. that they might not ratify and they will have a second fault so after a week of ignorance i think suddenly they realize that the protests are much deeper much broader and. to become law in poland. and european parliament nobody knows for sure how long this might take but protesters say they will continue piling the pressure on the authorities to stop this happening i think it came as

a complete shock nobody expected nobody expected. there would be a lot. has been adamant or so would not give in to blackmail in the streets but what was initially a quiet social protest has become politically broader with every rally. in both the numbers present and the level of aggression. reporting from warsaw in poland. european liberty campaigner i mean you could believe believes the polish government should listen to the public because they're the web's real stakeholders. of the way is. it my right leg the basic freedom and you're so much with. you there without really

touching the goodbye elaine of the internet and though the internet provider there are companies which are taking advantage of. the in the internet and the first thing we should be aware of the. people are feeling that they were keep that by the government and that something is wrong that there were no contemplation and there was no possibility of the debate before or. were the signature of the document there were many afghans in the region were returned man who had the internet and everything and people had the impression that the government is taking that without the base and without. you there now and the internet users. there are two just ahead how even the winter chills don't stop

global warming getting people hot under the collar. they don't really care about the planet until until it affects them personally the world we live in the resident asked people in new york what they would sacrifice to save the planet. and we skedaddled to sochi as scares the slopes their paces for the first time before they welcome the winter olympics finest in two years. but first the ratings for reigning the ball was on the beleaguered euro zone now fitch has downgraded five countries they include spain and italy which are the big worries because of their size if they fall leaders and king financier's are struggling to find a remedy to the debt crisis of the daniel world economic forum arches lauren lester is there. we're going in today for davos at the world economic forum and today we'll hear from a number of economists and kind of thinkers about where the global economy is headed we'll have to see how much attention the eurozone captures though because it

really has overshadowed a lot of other things that happened on the official and unofficial agenda here at davos we heard from a number of euro zone finance ministers and e.u. officials speaking with a lot of optimism about the euro zone solution saying they believe the fiscal compact will be reached with tighter fiscal discipline in that this will really help the debt crisis that the eurozone is dealing with they also said that greek bond holders will come to an agreement on haircuts for greek debt by this weekend to hopefully presumably avoid default which is definitely not a certain thing at all and that d.-day for greece is march twentieth after that optimism which was kind of the headline coming out of that we hasn't seen fitch the credit ratings agency downgrade five e.u. nations this includes italy and spain which are two of the economies that are very much of the biggest concern when you're talking about the eurozone debt crisis because they are much larger economies than greece they're both dealing with problems of their debt and of the funding of their debt which we've seen a lot of discussion here at davos over what is the best way to deal with we know

george soros has his own plan i don't know if european union leaders are calling him now to take another look at it after these downgrades that something will have to watch for today. the chief economic correspondent from the british newspaper the independent believes greece has already succumbed to default in reality. i don't think you have to be a whiz at math to figure out that is not just the indebtedness of some countries of birth but also the euro the common currency is a single currency for an area where some countries need a devaluation i don't know whether technically greece is going to be in default or not but if your repay the thirty or forty cents in the euro your debt and the write down is going to something like that could be for you to say forty if you're lucky thirty if you're unlucky that it any rational six b. is

a country defaulting on its debts and whether technically that is or whether it take it seems to me to be not that relevant because once you deal with greece ok you try and have to put a fireball behind that but people may say look if i'm not going to get my money back on greece why should i learn to portugal why should i lead to spain why should i learn to italy. well later this hour the kaiser report takes us wife of the politicians and bankers who aren't doing enough to reassure the markets and the people that recovery is around the corner. governor of the bank of england urged against despair because all crises coming to an end eventually he says he looks pretty miserable doesn't think he's a dog like usually very telling people don't despair you don't look like you're about to top yourself you try and have a smile and butter like clown nose on really like a burner and look out the clown those are always delivering that economic numbers verve and kangas got that british the.