the second day of a historic first egyptians cast their ballots in the country's first presidential election since the fall of hosni mubarak. fresh talks on iran's nuclear ambitions with terror on officials saying the u.s. and tough talk is our tough stance is making it go she difficult. nazis in the nursery outrageous men in s.s. uniforms give history lessons to kindergartners in latvia with the country again under fire for the late approach freeze its role in world war two or. three pm in moscow. good to have you with us here on r t it's the second day of

egypt's historic presidential election to decide who replaced the ousted hosni mubarak a number of former regime officials an islamist are the main contenders although it's still not clear what powers the new leader will have and whether the ruling military may try to keep control of paulus leader has been following the vote and kyra. 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 an announced the other concerns are also the role that these lamas will play in defining egypt's future and here interesting the 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 are r t cairo political analysts in the middle around danny in cairo says the main contenders in the vote dora preserve 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 a member of the mubarak regime was elected then the future 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 are struggling to reach consensus at talks in baghdad over to iran's nuclear program where i mean officials quoted as saying talks have been 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 they suspect iran might be trying to develop nuclear weapons 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 political analyst chris bambery from the international socialist group says iran won't easily give up its nuclear goals. iran is of course pro-choice the rhone did buy american american bases not just the american presence in afghanistan so they're ratcheting up the military pressure in there oh it's associated as 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 manias 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 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 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 kind of a nuclear program which is replacing its trident you quit 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 don't for randomness double standards here. still to come this hour a brain drain in reverse the u.s. facing a new trend is 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 pledging to stick by it but only if it sticks to its by national commitments the country's economic turmoil the main issue facing you leaders at their informal gathering in brussels the euro zone 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 steering the focus toward growth calling for a new discussions on joint regional borrowing something germany's long spoken against calling for belt tightening instead john lackland from the institute of

democracy and cooperation think use 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 term critic of the euro and 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 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. and the baltic state divided over the soviet period of its past and now latvia is seen in its society split once again this time over its future outrage as to nazi sympathizers there appeared on video wearing a s.s. uniform is giving history lessons in a kindergarten while introducing war weapons to three year olds. reports. this was described as a lesson of bad sure it is in a kindergarten in rigo. because. the fact that the men

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 boosts the notorious thunder like symbol morrow. over they let the three year olds play with real nazi weapons this is a grinning 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 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 warning it won't get it 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 her four year old daughter's future education does the talking with normal it's unthinkable things like that must never happen close 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 own. the head of a lot of his anti nazi movement says the incident is not a one off such lessons he claims occur on a regular basis in schools national 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 am usually in another baltic state with a difficult history as. a part of living i remember speaking at the european parliament trying to convince deputies not la pierre is a nazi flea country now i have to admit a great shame that due to the actions of some movement of neo nazi ism grows

stronger here within 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. 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 aligned 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. but simply breed a future generation of neo nazis in the heart of free europe this latest incident has once again shown how divided. 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 a three year old was a major offense at least from a moral point of view. reporting from riga in latvia remember you can

always find more stories on our t. dot com here's what's a click away for you right now thousands of canadian students unite in protest against huge planned hikes to jewish and fees while authorities adopt new emergency measures. at the rallies plus the. top whistleblower julian assange speaks with a ecuador's president on dramatic attempts to oust him and his defiance of washington see the hard hitting interview and more at our team dot com check out our you tube channel. the status of facebook c.e.o. mark zuckerberg not looking too rosy right now his company once again facing lawsuits the social network's market launch friday resulted in a sharp share price slump with 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 from our. 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 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 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. eventually analysts margaret bogan really thinks facebook's finances will not be too badly affected by a drop in share price but says the whole story may eventually 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 insiders did is they praised the beast or thought into different weight these that retails for its third people like you and me will pay forty dollars a share given the information that that is that really for 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 he probably spoke with actually pretty good at that given the you know delay in the nasdaq wasn't given the technical glitches i don't necessarily

think that that's related to the entire trading but i do think that if anything it's just showing 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 the thing in doubt you 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 get the kind of a pop is you know about will and just attack a little general russian opposition leaders alexina volley and sergei would walk free after spending fifteen days in custody both arrested after refusing to leave sit in protests in moscow coinciding with president putin's inauguration i want to r.t. dot com slash politics for more on russia's opposition and also discover who's who in the country's political life. here 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 human rights violations and torture in the country it says the fight is becoming in their words her eyes despite the shaky six week cease fire i've been majority of abuses since march of committed been committed by the syrian army but the commission also documented cases of armed rebels executing captured soldiers pro assad so. borders and abducting civilians. u.s. drone strikes have killed ten people in northwest pakistan near the afghan border local officials claim missiles were fired at a militant hideout in the tribal area and hit insurgents but some eyewitness reports say it was a mosque that was targeted when people were leaving after early morning prayers the attack happened despite repeated calls by islamic jihad for washington to halt drone strikes on its territory. the french president francois londa says he may boycott the euro two thousand and 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 a lot has been quoted as saying he loves football but the situation in ukraine was a problem earlier several leaders in from the e.u. including germany's angela merkel talked about a possible boycott of the games scheduled for next month to machine goes been calling the case against her politically motivated and claims she suffered abuse while in prison. might be dead but 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 in the run up to the presidential election in november. it is reason really puzzling you may remember there was a big burst to publish that he had day or two after. they 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. they continued 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 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. reports. 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 applicant. night while youth unemployment remains above 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 have to deal with in terms of. like

going to school paying one hundred fifty 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. let's try to business trends now with marina. well basically we have european markets as well as russian which are going from strength to strength and this is in stark contrast to what we saw earlier in the morning when they started off the session in the red let's take a look at the latest figures and we'll see there that both the footsie and the dax is us that are in the black the footsie in five days out and over one in the half percent this hour but investors there are still concerned about a number of issues first we have preliminary p.m.i. data that just came out that it says that germany it indicates a contraction at a faster pace for the month of may in april of course that reduced its lowest point in six months when it comes to france says that the private output sec there there fell out its sharpest raised over three years and of course one of the main concerns remains greece and whether it will exit the euro zone but if it does do

that we have experts here saying that the russia's economy will contract two point one percent in the first year top lenders burbank's says as so-called the gregs it will also meet inflation so almost seven percent from the current five percent and that's because near as you can see on the screen right now is responsible for half of russia's that explores mostly energy which is also going to drop in price. and it's like a look at the russian markets right there we can see that also back in paul's the story let's not forget that on wednesday russian markets reached two year lows so this is a breath of fresh air right now we can see there i've been just the knowledge but there were there was volatility in the few hours earlier that we saw now let's take a look at the individual share moves on the my sex stocks have bounced back as well most of them we can see that financials and most of the energy majors i doing quite

well when it comes to sevastopol it's losing over a one percent without its first quarter and that paul for decreased eighteen percent to four hundred thirty million dollars now when it comes to ralston that if the oil major you are in that country the government has just announced that have plans to prioritize seventy five percent of all the company now if we take a look at oil prices which always have a major impact on the russian economy we can see that they're heading higher as well after region seven month lows in the previous session lights and it is sitting at ninety one dollars a barrel when it comes to the broad blend it's out around six dollars per barrel now currencies the euro is still lower against the dollar when it comes to the ruble it's getting against both major currencies and in other news when it comes to a job china says that it will encourage private investment in energy railways and telecom sectors the pledge comes as the country's growth driver which is the export sector as we've heard by falling global demand and china's economy expanded by an

annual rates of eight point one percent in the fourth quarter which was the slowest in almost three years. in a separate move china is now rolling our reforms to nurture local banks to compete with giants like goldman sachs domestic brokerages which are now trade install will be able to expand their futures and derivatives and on top of that brokerages will be able to take on weiss's much that in relation to their next absence. they will go mad that's the business out there for this hour it will be next with the next hours update back to you all right marina thank you very much for that update. well in a few minutes more in business and business matters with economic twist kaiser report coming your way after an update on our top stories.

wealthy british scientists are some time to tighten the fine. markets why not. come to. find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into cars

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