the second day of an historic first egyptians are cast their ballots in the country's first presidential elections since the fall of hosni mubarak. talks resume on iran's nuclear ambitions but tehran refusing to bow down to foreign pressure and swapping reaching your brain for incentives who grew up with. nazis in the nursery outrageous many s.s. uniforms good history lessons to children in latvia for the country again on the far right betrays its wrong good world.

internationally isn't comment twenty four seven you're watching r.t. 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 is the mists 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. there 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-war barak 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 enough the islamists have not feed as well in these elections as they did in the parliamentary elections several months ago and this is partly because of poor management of the parliament and also because these moms 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 and just under fourteen thousand polling stations now the voting will continue until late tuesday with the counting expected to finish sometime saturday or sunday at this stage though it seems highly unlikely that any of the candidates will receive 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 mixed 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. or political analyst be there done in cairo says the main contenders in elections represent the ideals of last year's revolution. if an islamist is elected they 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 of an equally authoritarian regime but based on religion now we former member of the mubarak

regime was elected then the fear is that. this person will not. challenge the the structure of the mubarak regime and he will not challenge also the military's grip on politics the responsibility of the new president haven'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 have voting for somebody who doesn't quite know which power he will hold. iran and six world powers have returned to negotiations after exchanging demands on day one of the nuclear talks in baghdad the world powers want iran to stop its uranium enrichment in exchange for incentives some refuses to do in turn declined iran's calls for an easing of economic pressure on the country instead fresh

sanctions 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 a readiness to attack iran over their claims it might be trying to the better nuclear weapons but british political analyst respect says iran's nuclear progress has become matter of national pride for its people and they won't 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 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 ruler 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 goes 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 throwing around you kind of a nuclear program which is replacing its tried a 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 randomness double standards here. but i 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 life tell me why. the european union wants to keep greece in the euro club pledging to stand by it if it sticks to its financial commitments the country's economic turmoil was the main issue facing leaders at their informal get together in brussels even reason is taking steps to

safeguard itself from a possible greek exit which could follow the country's elections in june france's new president francois hollande is still in the focus towards growth one for e.u. discussions on joint regional borrowing that's something germany has long spoken out against calling for belt tightening instead john laughlin's of the institute of democracy incorporation views the e.u. is trying to scare greeks into 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. 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 that is that the leader of the new left party the man who emerged really is 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 and to really go on the austerity plan as 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 now it's a baltic states divided over the soviet period of its past and now that fear has seen its society split once again this time about its future there's been outrages to nazi sympathizers there appeared in the video wearing s.s.

uniforms giving history lessons in a kindergarten or introducing nazi war weapons to three year olds. the story. this was described as a lesson of patcher tism in a kindergarten in riga. 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 this is a grenade police ring and buying just like a party popper 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 kindergarden who is also a right wing nationalist party member sees nothing wrong. but this is our history

and no way to tell our children who the legion is will we see in this kindergarten and i will decide how will teach our children how we will make them proud of their country and its warriors but the incident has sent shock waves across the land this woman asked us to hide her face fearing nationalists could have used her after the interview she says her family will now have to consider her four year old daughter's future education little team with normal it's unthinkable things like that must never happen close to children and i'm strongly against it but if things like that become. and i don't have from the kindergarten and keep her. on the head of lot of his anti nazi movement says the incident is not a one off such lessons he claims occur on the regular basis in schools nash and wide. they usually happen on 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 youth supporters similar gatherings happen and you really in another baltic state with a difficult history as. i remember speaking at the european parliament trying to convince deputies is a nazi free country now i have to admit a great change due to the action of some movement. stronger here with 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 who fought 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 them 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 but three year old was a major offense at least from a moral point of view. reporting from in a lot of. they can also find more stories online at r.t. dot com here's a taste of what's lined up view this out thousands of students in canada united protesting huge panda rising tuition fees and bertie's adopt a new version see girls tend to strict rallies. and top with junior sanj talks to ecuador's president dramatic attempts to ask him his defiance of washington d.c. the heart it is what our t. dot com on our you teach. the status of facebook c.e.o. mark zuckerberg is not looking too good right now his company is once again facing

lawsuits the social network's market launch on friday resulted in a sharp share price nosedive several investors set to take legal action against the company as well as the banks involved in the flotation let's get the timeline straight now for marty's going to try 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 record 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 invest the 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 that now stabilize that around thirty two dollars those who lost are those who bought at 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 much more complicated schemes the ones that led

to the financial crises 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 analyst. several reasons why corporations can get away with a lot on wall street one of them is the complexity of the operations went on 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. clitic and their financial analysts margaret margaret believes facebook's finances will not be too badly affected by it stropping share price since the whole story with a venture a burst some flotation bubbles. there are two pricing issues what we're seeing from you know kind of the release of documents and people speaking is what these insider did is they price the beast books got into different ways they said retail for

thirty people like you and me will pay forty dollars a share given the information that that has been released from facebook insider or institutional investors will only pay thirty two dollars a share and that is arguably where that thirty eight dollar a share price came probably spoke with actually pretty at that given you know delay in the nasdaq watching that technical glitch and i don't necessarily think that that's related to the insider trading but i do think that if anything it's just knowing that there's competition between these exchanges i always thought it was a little overpriced i think it's just one of those things that you know everybody knows what facebook is i think that there is this significant value there i think at some point you know social media is going to learn how to monetize you know all the eyeballs that are hitting it every single day i don't think that this is going to destroy the company but i do think that we're going to see kind of a pop in both the i.p.o. bubble and just the tech bubble generally. one of us an opposition leader is next

saying of on the in this without soft for free off the spending fifteen days in custody both were arrested after refusing to leave sit in protests in moscow which coincided with the president putin's inauguration go to r.t. dot com slash politics for more on the opposition to russia where you also discover who's who in the country supports conduct. with muslim for good ideas and you've got a lot more stories from around the world now the south u.s. drone strikes have killed ten people in northwest pakistan near the afghan border there cliff fishelson 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 and people in the evening after early morning prayers it took took place despite. heated calls by zola bad for washington to halt the drone strikes on its territory. fire has broken out of a u.s. nuclear submarine in maine injuring four people because of the blaze is not yet

known but the vessels nuclear reactor was not operating with time and reportedly not affected there were no weapons aboard the sub which was docked at the shipyard for system upgrades. but to new zealand military tribunal is seeking the death penalty for the country's ex-president who decided arabia as protests swept the country genuine last year. he has already been sentenced to sixty six years in jail on charges ranging from corruption to torture more than three hundred people were killed and many more wounded during the uprising that ousted ben ali and sparked the arab spring revolts across the region. french president francois hollande sosa made boycott the euro twenty twelve football championships in ukraine over the case of the country's former prime minister yulia tymoshenko she's currently serving a prison term for abuse of power launder has been quoted as saying he loves

football but the situation in ukraine was a problem earlier several other e.u. leaders including germany's angela merkel talked about a possible boycott of the games shadow for next month to shanghai has been calling the case against her politically motivated claims she suffered abuse one in prison . or sob in lardons might be dead but new life is being breathed into the story of his capturing or killing many of the details of his assassination have remained a state secret but not it seems if you're hollywood filmmaker with oscar winning director being granted special access to the white house political reporter josh gerstein thinks it's all part of a p.r. campaign ahead of november presidential election. it is reason really puzzling you may remember there was a big burst to publish that he a day or two after the seal team raid that killed osama bin laden and then all of a sudden at least publicly the administration put the brakes on and said look there's been too much talk about this it's getting out of hand no more information

should be put out we're troubled by what's come out already well it turns out behind the scenes they continue to meet with these hollywood filmmakers and to give them at least some sort of pretty interesting special access not just to the decision makers involved but even to some of the secret places that the cia used to get ready for this raid they were just so eager to get this story out because they thought it was such a beneficial story for president obama triumphant president to do it you know killed bin ladin something that his predecessor had not been able to do so there's no question this is a very politically potent story so whenever you hear about secret deals being made to give certain people information in a way that might benefit the public narrative you do have to wonder if there is some political motivation here. states is now facing hostile petition from boston colonies. this illusion with the american dream and the children of us in

a conspiracy to go back to the countries their parents were born in and start a new life that. 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 eight applicants. while youth unemployment remains above sixteen percent my parents i always tell them like you know like any kind of security you think you have is completely false because anything could 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 want my kids to deal with what i have to deal with in terms. like going to school paying one hundred sixty 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. the last labor. 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. thought to cross over to a business that's now and marina that posed to sentiments in the markets from an hour ago hasn't lost a very long has it no it didn't care about in fact the war in the many reasons for it to stay in positive territory in any case after especially the laws we saw across the board let's take a look at the main figures for their europe there as we can see the footsie is points in slightly bored spot that that has dropped into the red of more than a half a percent and if yes there is a sense of oh by the for it see will follow suit now we have the p.m.i. data that came out when women marry purchases managers index and that suggest that when it comes to germany that there will be a contraction at a faster pace for the month of may that's a forget that in april there it was that's the lowest in six months now for france

figures indicate that the private sector output will fall at its sharpness rate in the more than three years so not many good news there either but the main of course is still everyone is concerned whether it will exit the euro zone but if that does happen we know that experts here say that it will make russia's economy contract two point one percent in the first year and that's according to a bank which says side a gripe is that as it's known now we're also hearing placements almost seven percent from the current five percent and as you can see on the screen right now that's because europe is responsible for half of russia's exports mostly energy. which is also expected to drop in price. look at the russian markets we can see that they've also gone back to negative territory both nights yes and then my sets on these are never around the half a percent yes the of course we saw them plunged to their lowest level in years so we might see that head to the side but it's still early in the session to be talking about that let's take a look at some individual share moves on the my sex loan as we can see the energy

shares have now gone that's negative territory as well financials though doing well if we can say that sperm bank is more or less flat but when it comes to severstal we also know that it's first quarter net profit decrease by eighteen percent to four hundred thirty million dollars and that's mostly due to steel prices around the world head in south no particular got to eighty some of the trade in session there is now over and ended with a mixed picture there we can see that the nikkei added just the knowledge of the high side lost over half a percent and we had local negative local data there a fact that the chinese markets in particular its manufacturing data contract that and that was made worse than an export and conditions according to a survey by h.s.b.c. and i'm melissa just that the data claims that there should be a more aggressive use in policy says than the late growth of once again no same with a judge china says that i will encourage investment in energy railways and telecom

sectors and the pledge comes as a country p. growth driver which is the export sector has been hurt by falling global demand china's economy exploited by an annual rate of eight point one percent in the first quarter and this is the lowest in almost three years. now it's like a look at oil prices it's a mixed picture this hour light sweet is adding just a bit of all the brunt blood is still ahead in south and bit off stimulus there was coming from size that china will take action and something to stimulate their growth again bot. make spencer there which is not of course all but help in the boston market is as usual and this is a look at currencies will say that now the euro is no longer flat it's losing against the dollar and when it comes to the report a mixed picture it's an illusion against italy backed by gaining seats in the euro and in general it's a pretty much a mixed picture across the board who can say it's completely that it's of a completely positive get their facts and they're ok thanks very much for that

arena. but a few minutes more on business matters and economic twists and update on our top stories.

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