day two of a historic first egyptians cast their ballots in the country's first presidential election since the fall of hosni mubarak. talks on iran's nuclear ambitions are wrapped up in baghdad with terrans officials saying the e.u. and the u.s. tough stance made to go she ations difficult. and nazis in the nursery outrage as men in s.s. uniforms give history lessons to children in a latvia with a nation again under fire for the way it portrays its role in world war two. two pm in moscow i matter as a good to have you with us here on r.t.

second day of egypt egypt's historic presidential election to decide who replaced the ousted hosni mubarak a number of former regime officials in islam is among the main contenders although it's still not clear what powers the new leader will have and whether the ruling military might try to retain control or he's paula sli or has been following the vote in cairo. 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 seemed wolf to 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 announcing the other concerns also the role that these lamas will play in defining egypt's future and here interesting enough the islamists have not fit 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 and 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 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 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. dammy and cairo says the main contenders in the vote 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 businesses well and the fear is that they will put in place illegally or solitary regime but based on religion now we form of 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 wrapped up today talks in baghdad over tehran's nuclear program there's been no official word on the results but iranian officials are quoted as saying the talks were difficult because the u.s. and e.u. stance was almost as tough as that of israel the u.s. and israel have indicated a readiness to attack iran if diplomacy fails to resolve the nuclear issue where they suspect iran may be trying to develop nuclear weapons while the world powers

want iran to stop enriching uranium which it refuses to do they in turn decline calls to ease economic pressure on the country british political analyst chris bambery from the international socialist group says iran won't usually give up its nuclear ambitions. 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 there oh it's associate is 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 is of a somewhat older 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 telling around you can have 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 is double standard here. still to come this hour brain drain in reverse the u.s. facing a new trend of the children of american immigrants decide to leave the country their parents chose for a new life we'll tell you why. but first the european union wants to keep greece in the euro club pleasuring to stand by it but only if it sticks by its financial commitments the country's economic turmoil was the main issue facing you leaders at an informal get together in brussels eurozone 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 steering focus toward growth calling for a new discussions on joint regional borrowing something germany's long spoken out

against instead calling for belt tightening john lackland from the institute of democracy in cooperation seems to be used trying to scare greeks into accepting the 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 time 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 a 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 had merged 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 mr thomas he's. just to 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 that would be some kind of collapse in greece some kind of default. it's a baltic state divided over the soviet period of its past and now live via is seen as a society once more again split this time about its future has been outrages to nazi sympathizers there appeared in a few dia wearing s.s. uniform is giving history lessons in a kindergarten while introducing where mock weapons to three year olds are like sarah shows he reports. this was described as a lesson of bachelor two years in

a kindergarten in riga cause i was. back to the man who wore the uniform of lot of us 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 grinning police ring and lying just like a party popper during christmas despite nazi symbols being outlawed in a lot 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. about the mosque history and no way to tell our children who the legionnaires would see in this kindergarten and i will decide how will teach our children our we will make them proud of their country and its warning it won't get it but the incident has sent shock waves

across the land this woman asked us to hide her face peering nationalists could abuse her after the interview she says her family will now have to consider her 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 lessons he claims occur on the regular basis in schools nash and white. 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 human support is similar gatherings happen am usually in another baltic state with a difficult history a stone. parliament. i remember speaking at the european parliament trying to

convince deputies is a nazi flea country now i have to admit a great change due to the action of some movements 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 school for 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 to three year old was a major offense at least from

a moral point of view. see reporting from riga in lafayette remember you can find more stories online that are t. dot com here's what's a click away right now thousands of canadian students unite in protest against planned raises intuition fees while authorities adopt new emergency laws in an attempt to restrict the rally plus. the whistleblower julian assange speaks with ecuador's president on the dramatic attempts to that was to him and his defiance of washington see the hard hitting interview on our t.v. dot com or on our you tube channel. the status of facebook c.e.o. mark zuckerberg isn't looking too good right now the company is once again facing lawsuits the social networks market launch on friday resulted in a sharp share price nosedive with several investors set to take legal action against the company as well as the banks involved in facebook's flotation that's got the timeline straight for marty's guy. 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 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 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 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 and released. 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 financial analyst margaret bowden rethinks facebook's finances will not be too badly affected by its drop in share price but says the whole story will eventually burst some flotation falters. 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 praised me for thought into different weight they said retail for thirty people like you and me will pave forty dollars a share given the information that that in fact released from facebook but insider or institutional investors will only pay thirty two dollars a share and that is arguably where that thirty dollar a share price he probably spoke with actually pretty good at that given the you

know delay in the nasdaq wasn't given the technical glitch and i don't necessarily think that that's related to the entire trading but i do think that if anything it's just knowing that there's competition between the exchanges i always thought it was a little overpriced i think it's just one of those things that you know everybody knows what baseball game and i think that there is this thing into out 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 if you think that we're going to have a pop it i feel about will and just the tech bubble generally russian opposition leaders alexina volumnia and serenaded all saw have walked free after spending fifteen days in custody both were arrested after refusing to leave said in protests in moscow coinciding with president putin's inauguration remember going to argue dot com slash politics for more on russia's opposition movement and also discover their who's who in the country's political right. now to some other stories making

headlines across the globe the latest u.n. report on syria's conflict blames both the regime and opposition fighters for the majority of human rights violations and torture there it says the fighting's recently militarized despite this a shaky six week ceasefire and most abuses since march have been committed by the syrian army but the commission also documented cases of arming rebels execute of armed rebels executing captured. soldiers pro assad supporters and abducting civilians. a. u.s. drone strikes have killed ten people in northwest pakistan near the afghan border local officials say the missiles were fired at a high a militant hideout in the tribal area and struck insurgents but reports from eyewitnesses say it was a mosque that was targeted when people were leaving after early morning prayers the attack happened despite repeated calls by islamic bad for washington to halt drone strikes on its territory which. a fire broke out on a u.s. nuclear submarine in maine injuring four people because of the blaze not yet known

but the vessel's nuclear reactor wasn't operating at the time and is reportedly unaffected there were no weapons on board the sub which was docked at the shipyard for system upgrades. the french president francois has a law on this as he made a boycott of the euro two thousand and twelve football championships in ukraine over the case of the country's former prime minister yulia timoshenko she's currently serving a prison term for abuse of power a law and 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 scheduled for next month when calling the case against her politically motivated and claims she suffered abuse while in prison. osama bin laden may be dead but a new life is being breathed into the story of his capture and killing many of the details of his assassination remain a state secret but not it seems to an oscar winning director who was granted special access to the white house political reporter josh gerstein thinks it's part

of a p.r. campaign ad of embers presidential election. is reason really puzzling you may remember there was a big burst to publish that he had 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 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 story so whenever you hear about secret deals being made to get

certain people information in a way that might benefit the public narrative you do have to wonder if there's some political motivation here. is now facing strong competition from fast growing economies as they try to lure away its highly skilled entrepreneurs many children of u.s. immigrants are now finding better job options back in the countries their parents left behind. 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 fall 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. not well youth unemployment remains above sixty 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 sammy 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 and. 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 accidents 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. and we'll see what's happening in the business world marina standing by with us. hi matt well basically we're still looking at the european markets which are regaining strength after the volatility was so yes they were expecting to see a situation here where it was a sea of red but it's not like that there was a bit of volatility in the first few hours of the trading session bought the markets have bounced back we can see that the footsie is adding almost one per cent and when it comes to the dayaks the figures there aren't correct but it is there finitely in the black by the numbers you see there will have next hour promise here

now invest. his concern about a number of things they're looking at preliminary p.m.i. data when it comes to germany with all that in because it's a fraction at a faster pace in may in april of course it dropped to its lowest in six months and france figures indicate private sector output there fell out of sharpest write in more than three years and i look at that something for russia which i'll get to that in the second but of course the main concern is a greece and whether it will exit the euro zone now if it does happen it could make russia's economy contract by two point one percent in the first year. which is the one that claims all this says that greg said well also he's inflation so almost seven percent from the current five percent and that's because europe is responsible for half of russia's exports mostly energy which is also good to drop in price. and of course when you take

a look at how the russian markets are reacting to all this they're war in the negative territory for a couple of hours. we can see that both the i.c.'s and the my sets are adding around a half a percent now the russian of calling of course always depends on oil prices and then the mix today that's what we saw a dip as well there were some volatility as we all react and can only crude prices as well and i'll get to that in the second about first let's take a look at some individual share moves on the my six markets are off some of the individual stocks have been. managed to escape negative territory we see that energy and financial shares are in the red seven which is of course russia's major is through a producer is losing point eight percent this hour with out its first quarter net profit dropped eighteen percent to four hundred thirty million dollars and that's mostly due to global decline in global steel prices and of course of that said energy majors are still down now if you take a look at oil prices it was

a mixed picture today but now they've also scapegoats of territory and that's half the region seven month lows in the previous session was in that light sweet it's trading at nine dollars and fifty one cents per barrel when it comes to the pride of blood it's slowly approaching one hundred six dollars per barrel now the stimulus in the growth there is the fact that the recent drop some analysts say was an exaggeration and amid signs that china will speed up its efforts to boost growth now when it comes to currencies the euro is still losing against the dollar as you can see there but the ruble this time around is getting the against both of going back and the euro and this is how the business looks this our map back to you and all right thanks very much for that update. well now in a few minutes we'll be discussing the impact of u.s. foreign policy on its economy after an update of our top stories stay with us.

wealthy british scientists i. sometimes. find. markets why not come to. find out what's really happening to the global economy

with my stronger for a no holds barred look at the global financial headlines tune in to cause a report. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know. john harvey welcome to the big show.

me. more news today violence is once again fled up the film these are the images the world has been seeing from the streets of canada . giant corporations are all today. here the reindeer isn't everything for the herders and when it suffers people do their best to help go up. the distances are. on the roads are tough and unpredictable. will the room.