the second day of an historic first egyptians to begin casting their ballots in the country's first presidential election since the fall of hosni mubarak. talks resume on iran's nuclear ambitions to tehran refusing to bow down to foreign pressure and swap enriching uranium for incentives from abroad. nazis in the nursery outrages men in s.s. uniforms the of history lessons to children in latvia with a country again on the far right to trace its role in world war two. and russian markets bounced back as skaven sierra laws and we have all the details in a business update in about twenty minutes.

focusing live from moscow around the clock this is our t.v. it's the second day of egypt's historic presidential election to decide who placed the ousted hosni mubarak a number of former regime officials and islamists are the main contenders though it's still not clear what powers the new leader will have and whether the ruling military might try to retain control. has been following the vote. election fever has gripped egypt with a record number of voter turnout expected in these the first properly contested presidential elections in the post mubarak period i'm standing at one of the schools which has been transformed into a voting station and although there is a large number of people arriving here to cast their ballot then numbers have been drawn for the number of security personnel one hundred and fifty thousand troops

have been deployed with regular and military police patrolling the streets and also the entrances to these voting stations now this comes on the back of growing concern that the military will not from a true to its would to hand over power once a new president is an announced the other concerns are also the role that these lamas will play in defining egypt's future and here interesting me enough the islamists have not fared as well in these elections as they did in the parliamentary elections several months ago this is partly because of poor management of the parliament and also because the islamists went back home they would not to field a candidate for these presidential elections but by and large most egyptians do believe that these polls will be fair and this is despite reports of some election irregularities we're looking at some fourteen thousand judges who have been deployed at just under fourteen thousand polling stations now the voting will continue until late thursday with the counting expected to finish sometime saturday

or sunday at this stage though it seems highly unlikely that any of the candidates oversee a fifty percent majority which means that they will need to be a runoff come the middle of next month with a final announcement expected on the twenty first of june in terms of who egypt's next president will be that president will have his hands full he will need to deal with the rampant corruption poverty and unemployment. r.t. cairo. political analyst. danny cairo says the main contenders in the election don't represent the ideals of last year's revolution. if an islamist is elected there are concerns about the fact that it should stifle pluralism parliament in egypt is already dominated by islamists the drafting of the constitution is being done by

a majority of his image as well and the fear is that they will put in place an equally authoritarian regime but based on religion now we for former member of the mubarak regime was elected then the fear is that. this person will not. challenge the structure of the mubarak regime and he will not challenge also the military's grip on politics the responsibility of the new president hasn't hasn't been defined yet the new constitution hasn't been drafted yet so this is a major stumbling block to democracy as. you know people are voting for somebody who doesn't quite know which power he will hold. on iran and six world powers have returned to negotiations after exchanging their mons on day one of the nuclear talks in baghdad the world powers want iran to stop

its rein him in richmond in exchange for incentives and something tehran uses to do brain turn declined around schools from easing of economic pressure on the country instead pressure actions are expected to begin in just over a month targeting the country's oil and nuclear sectors as well as international trade links the u.s. and israel have indicated their readiness to attack iran over their claims it might be trying to develop nuclear weapons but british political analyst chris bambery says iran's nuclear progress has become a matter of national pride for its people and they would easily give it up. iran is of course virtually surrounded by american bases not just the american presence in afghanistan so they're ratcheting up the military pressure in the oh it's associated well with the tensions over syria so there is a being going on here which is a very dangerous game many people who would not support khamenei the supreme law would take

a position on this because it's an issue of national pride and i don't really think the west understand just how far that goal is and how deep the record of people's memory and understanding of western western involvement in iran is which stalks resentment of the west treating iran somewhat or child and refusing to accept the repeated promises and statements that this is a peaceful nuclear program i think it's ironic that we have a british government coming around you kind of a nuclear program which is replacing its trident nuclear missile defense so-called defense system and is expanding its nuclear program you know so it's ok for the brits and it's ok for other europeans and north americans why not for random double standards here. still to come this hour brain drain in reverse the u.s. is facing a new trend as the children of american immigrants decide to leave the country their parents chose for a better night we'll tell you why. the european union the ones to keep greece in the euro club pledging to stand by it but only if it sticks to its financial

commitments the country's economic turmoil was the main issue facing even the it is that there informal get together in brussels here is own is taking steps to safeguard itself from a possible greek exit which could follow the country's elections in june france's the present longest in the focus towards growth for the new discussions on joint regional borrowing and that's something germany has long spoken out against point of belt tightening instead. of the institute of long seen cooperation believes the e.u. is trying to scare greeks to accepting cuts. i think that on the one hand the warning that contingency plans should be made is a realistic one because i think that there is a very dangerous very great danger that the euro or a very great probability that the euro will break up but even though i am a long term critic of the euro in the euro project my view remains that the european political class will do anything and i mean anything to keep it together

in other words i think that this call to set up contingency plans is in fact brinkmanship the european political class by issuing this warning is trying to make it clear to greek voters that they have to choose the euro and they have to choose the austerity program the elections are going to be elections or at least unless there's a military coup in greece which by the way i don't rule out or some other kind of coup elections will obviously decide it the strange thing is is that the leader of the new left party the man who emerged really as the effective winner of the original poll and who may well be able to form a majority on june the seventeenth he says he wants to keep his country in the euro but of course he doesn't want the austerity plan now if he were to be elected into really palace he's promised to do then i have to say i think the game would then probably be the rug would be pulled on the so-called bailout plan and presumably there would be some kind of collapse in greece some kind of default. the status of

facebook c.e.o. mark zuckerberg isn't looking too good right now is companies once again facing lawsuits social networks market launch on friday resulted in the shop share price nosedived and several investors set to take legal action against the company as well as the banks involved in the first taishan let's get the timeline straight now from marty's going to get. a group of investors as launched a class action suit against facebook and several banks now the u.s. securities and exchange commission as well as the financial industry regulatory authority are also looking into a possible fraud on the first day of facebook stock sales last week investors say they lost billions of dollars because the banks which prepared the initial offering price beefed up the price knowing that facebook's latest performance report showed we can grow so the claim is that a select group of participants in this i.p.o. which includes facebook at solvent investment banks like morgan stanley j.p.

morgan and goldman sachs drummed up investors sport over the social network stock in the run up to the i.p.o. put a price tag on it of thirty eight dollars per share while withholding information from the public about facebook's weakening growth you to facebook's expansion on mobile devices which means that they get to sell less ads those are the allegations needless to say that the shares plunged in the coming days and now stabilize that around thirty two dollars those who lost are those who bought as the initial offering price price put forward by morgan stanley j.p. morgan and goldman sachs as it happens on wall street somebody made a killing certainly not the small investors who believed the assessment of those companies it looks like it's going to be a long process the law here is tricky as to what could or could not be considered as withholding information but many are sure that the excellent lawyers of those banks will certainly find a way out of this after all of those banks namely morgan stanley j.p.

morgan and goldman sachs pulled off a much more complicated schemes the ones that led to the financial crisis of two thousand and eight when they played around with mortgage backed securities not only did the crisis hit the u.s. economy but it affected the whole world and nobody was prosecuted for any of that so the facebook i.p.o. was probably like a walk in the park for them analysts. several reasons why corporations can get away with a lot on wall street one of them is the complexity of the operations when all the insiders understand what's really going on and the public can be easily duped and another one the government is not very eager to regulate them. for more analysis of facebook's i.p.o. downgraded r.t. dot com here's what else is lined up online few this hour thousands of students in canada unite in protest against huge turn to rise in tuition fees protests that don't you notice you know or similar to st mary's.

top. talks to ecuador's president on a dramatic attempts to oust him and his defiance of washington d.c. the hard continue to be showered onto dot com our you tube channel. a new report into the crisis in syria by the human rights group amnesty international has placed the blame for violence there on the regime of the president bashar al assad also singles out russia and china for criticism after they blocked previous u.n. resolutions on the issue of clashes in the country continue despite a u.n. peace plan let's now talk to professor joseph churning through analysts from hong kong city university thanks for joining us here on r.t. the amnesty international report is quick to pin blame on russia and china but not all other foreign powers how do you view this assessment. well basically it is very difficult to claim a domesticity crisis or the failure of a region with inside a country on foreign powers after all russia and especially

china they do not have much capacity much production capacity in this region obviously one may criticize russia and china for supporting. and undemocratic and hide the repressive regime but western powers often do just as well be certainly support saudi arabia and the areas that are conservative gulf states who cannot which cannot be said if democratic. the violence in syria is raging on that despite a un resolution calling for all sides to lay down arms or one of these clashes continue then it is certainly said obviously the el assad regime continues its crackdown and increasingly the

opposition forces basically believe their big jury is about to come and therefore it is very good to rule to negotiate and as we have observed the various efforts have also failed the united nations have failed and so on and the opposition forces are basically expecting a showdown with the support of the western powers and especially with the support of the pro western gulf states and now even as well oh so the assad regime is certainly in a very difficult situation and the report basically dismisses existence of the armed gangs that you mention that in syria what do you make of that. we don't know much about timothy obviously. he.

has to keep brain for is. corruption is the new fish and see lack of economic growth and so on i do not believe that external forces can be decisive but obviously at this point the l assad regime is in a very precarious kind of situation and therefore international support coming from russia and china. is very important however it does not appear that russia and china can pursue a. regime to be more flexible to engage in more constructive negotiation so are simply relying on are on a violent crackdown certainly not in the intent b.d.a. and long term you mention russia there in that criticism is often leveled against russia for selling weapons to the syrian regime although moscow says it's merely

honoring existing contracts on the other hand saudi arabia is openly saying it's arming the rebels so why is that not being talked about well i think with it's a situation night this various parties can to talk about the facts that are favorable to its position and they certainly don't want to talk about facts that are favorable to their respective positions so v do get random ideas analysis from various parties concerned but obviously every gene which uses. its people is in trouble and certain not be supported. ok we'll leave it there professor joseph chain political analyst from hong kong at city university thank you for joining us here in r.t. . well it's a state divided over the soviet period of its past and now latvia is in

a society split once again this time about its future has been outrageous to nazi sympathizers there appeared in a video wearing s.s. uniforms giving history lessons in a kindergarten when introducing nazi war weapons to three year olds. as the story. this was described as a lesson of patcher it isn't in a kindergarten in riga. it was. in fact the man who wore the uniform of lot of years as sas legion which fought on the nazi german side in the second world war one of the outfits even boasts the notorious thunder like symbol moreover they let the three year olds play with real nazi weapons the this is a grinning police ring and buying just like a party pocket during christmas despite nazi symbols being outlawed in law to be along with soviet emblems no legal consequences have followed so far the owner of

this kindergarten who is also a right wing nationalist party member sees nothing wrong. this is our history and no way to tell our children who the legionnaires were we see in this kindergarten and i will decide how we'll teach our children our we will make them proud of their country and its warrior but the incident has sent shock waves across the land this woman asked us to hide her face fearing nationalists could abuse her after the interview she says her family will now have to consider a four year old daughter's future education little teen with normal it some think about things like that must never happen to children and i'm strongly against it i'm scared if things like that become frequent i'll have to take my daughter from the kindergarten and keep her. for the head of a lot of his anti nazi movement says the incident is not a one off such. claims occur on the regular basis in schools nash and wide. they usually happen on the sixteenth of march known as the country's legion day

when former assets fighters marched the streets of riga along with right wing politicians and supporters similar gatherings happen in another baltic state with a difficult history as. i remember speaking to the european parliament trying to convince deputies. country now i have to admit a great change due to the action of some movement naziism girls stronger here would be the youth don't understand the horrors of naziism and easily fall into this propaganda. since gaining independence the baltic states have been vocally critical of the soviet period of their history calling it an occupation those call for or against the u.s.s.r. are called freedom fighters by some here even despite the fact they were allied with a genocidal nazi regime the most murderous in history what concerns many here now is that such lessons of in the long run will not teach history but simply breed

a future generation of neo nazis in the heart of free europe this latest incident has once again shown how divided the lobby in society is about its past and while the people here are still trying to determine whether these men were right or wrong many still agree that bringing real weapons to go three year old was a major offense at least from a moral point of view. reporting from riga in latvia. they wanted states is now facing harsh competition from fast growing economies as they entice awaits high skilled entrepreneurs this illusion with the american dream many of the children of us immigrants prefer to go back to the countries their parents were born in and start a new life there. karen asia is an american citizen pursuing his professional dream in a country his parents abandoned decades ago the twenty six year old relocated to one of the world's fastest emerging economies seeking the success and security that

america just couldn't offer i thought that in india there was more scope to actually break through and do something that was revolutionary rather than just full of the trends the berkeley graduate has launched a health care business in new delhi providing medical services to people of all ages and asia isn't just an entrepreneur he's the face of a growing migration trend which shows highly skilled children of u.s. immigrants moving to less developed lands abroad for a better quality of life if you look at developing countries india especially. there's a very different type of entrepreneur that comes out here there's things that are tangible that you can see being fixed and i think that's one of the reasons why people are coming out here there's a different opportunity here you can do something and actually see the fruit of your labor today's u.s. labor market currently offers only one job for every applicant. and while youth unemployment remains about six percent my parents i always tell them like you know

like any kind of security you think you have is completely false because anything can happen and you could lose everything armed with a degree in environmental geography and public policy. hasn't been able to land a secure job since two thousand and eight when i started applying and i just wasn't getting any response i was completely like at a loss i don't know what to do the twenty seven year old will soon be relocating to india where she plans to launch an environmental nonprofit organisation for sustainable living she says the american dream her immigrant parents chased three decades ago has become something of a nightmare one of my main reasons for. not wanting to live here is if i start a family so i don't like to deal with what i had to deal with them to. like going to school paying one hundred thousand dollars for an education that didn't really get me anywhere and you know god knows how much it's going to cost you know in the future a rapid exodus of enterprising americans may cost the country its economic supremacy

and competitive muscle if skilled innovators are chasing brighter futures outside their borders many experts say the land of opportunity stands to become the land of last labor i can assure you from countless talks i've had with big business leaders here in new york that they agree most large companies that are multinational corporations are referring to the united states these days as a quote unquote mature economy that's a polite way of saying no growth anymore over the decades india was dreamed of its best and brightest as millions fled for a more lucrative life in america today's trend may see that brain drain in reverse . new york. more stories around the world now this hour u.s. drone strikes have killed ten people in northwest pakistan afghan border local

officials claim missiles were fired at a militant hideout in the tribal area and hit insurgents but reports from eyewitnesses say it was a mosque that was targeted when people were leaving after early morning prayers the place despite repeated calls by them about for washington to halt the drone strikes on its territory a. fire has broken out in the u.s. nuclear submarine manging four people the cause of the blaze is not yet known vessels that nuclear reactor was not operating at the time and is reportedly not affected by no weapons aboard the sub which was docked at the shipyard for system upgrades. and tunis in military tribunals seeking the death penalty for the country's next president who fled to saudi arabia as protests swept the country in general the last year. has been sentenced to sixty six years in jail on charges ranging from corruption to torture

. three hundred people were killed and many more wounded during the uprising that ousted him and sparked spring rolls across the region. french media are reporting that president afonso on could boycott the euro twenty twelve football championship in ukraine well armed is reportedly implied he may cancel his trip to ukraine of the case of the country's former pm yulia tymoshenko who serving a prison term for abuse of power in washington claims she was abused in prison and calls the case against her politically motivated. it's own business arena is there and you said the russian markets managed to rebound from two yet there is but what about the european ones how they fare well in fact it's a good day for the european markets as well the they're doing quite well the figures are in positive territory if we take a look at them in just one second mainly due because of partial gains on wall street overnight we have banks and resources that are among the best performing

stocks there you can see the footsies adding almost one percent this hour now european leaders have of course been discussing the how to kickstart growth back in the region and the germany has so far been refusing pressured to issue bonds that would ease the crisis but the main cause for concern is greece and the possibility of it exits in the euro zone and in fact if that happens it could make russia's economy contract two point one percent in the first year according to top lenders burbank gregg's it will also get inflation to almost seven percent from the current a five percent and that's because as you can see there on the graphics europe is responsible for half of russia's exports mostly energy which is also expected to drop in price. now talking about russia let's take a look at the markets as you can see there quite well the bounce back from two year lows as we've mentioned the r.t.s. and m i six right in there around one person more or less and the basically what we

have here is that crude prices have recovered so that's why we're doing quite well here as well take a look at some individual share moves on the my sex and energy and financials are doing well and we have still produce a sever sell and it's pointing upwards that's this report and others force more than that profit decreased eighty two percent to four hundred thirty million dollars that was due to decline in global steel prices there if we move on to asia it's in the last hour of trading there it's been a choppy session now it's a mixed picture than a k. it's pointing upwards and investors are not only concern. and with everything that's happening in europe they're also digesting the local economic data and when it comes to china's one faction it's a contract that for the month of may and that's amid a worsening conditions for export is according to a survey conducted by h.s.b.c. and the data suggest that they should call for a more aggressive easing policy to stimulate growth once again talking about asia china says that a war and investment in energy railways and telecom sectors the pledge homes as the

country's key growth driver which is the export sector has been hurt by the falling global demand and china's economy expanded by an annual rate of eight point one per side in the first quarter which is the lowest in almost three years. if we can take a look at oil prices this time they're scared negative territory they're back on track ahead in the higher and that's mainly due to size that china will take action and stimulate growth back in the side there and the final look at currencies the euro still flat against the dollar and when it comes to the ruble it's again in this hour against both major currencies and this is all we have time for this hour back to you in the studio. ok maria morpheme next hour. of in a few minutes more on business matters and economic twists in the kaiser report update on our top stories stay with us.

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