tv [untitled] May 24, 2012 9:00am-9:30am EDT
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egyptians vote for a second day but they're still in the dark over what powers the ruling military will grant their new president and whether the winner will respect the people's revolution once. this is the green the police ring. just like a party pooper during christmas lobby is a nursery nightmare as nazi sympathizers are film showing off the real war weapons in a lesson to kindergarten kids. the iran nuclear talks resume but progress proves that elusive as tehran says it won't permit site if it is without the west drawing back sanctions.
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five pm in moscow. good to have you with us here on r t it's the second day and the final day of voting underway in egypt to fill the presidential seat left vacant since hosni mubarak was forced from power more than a year ago thirteen candidates names on the list for the top job but without a new constitution in place it's not clear how much power the new leader will have or whether the military is even prepared to relinquish any as artie's paulus leader reports from 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 they numbers have been drawn by the number of security personnel one hundred and fifty thousand troops have been deployed with regular and military police patrolling the streets and also
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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 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 fade as well in these elections as they did in the parliamentary elections several months ago but this is partly because of poor management of the parliament and also because the slums when 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 tuesday with the counting expected to finish sometime saturday
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or sunday at this stage though it seems highly unlikely that any of the candidates over see 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 mick's president will be that president will have his hands full he will need to deal with the rampant corruption poverty and unemployment policy r t cairo. some of those who took to tahrir square to usher in change or finding no comfort among the candidates which they say don't reflect the revolution what's more there is now a fear the new constitution could end up being a tool for the generals. the cloud hanging over this whole thing is that. the you know the military wants to retain all the power is this whole thing going to be academic at that new constitution once get it's implemented in july or whatever you know what does that look like and right now it looks like the military
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will be holding all the cards once again it will be new boss same as the old boss type of thing with just a symbolic president that has been elected by the people the knowns are that the military candidate should speak is not revolutionary and the rest are trying to claim the mantle that even the islamists even though they're in the opposition they're reaction they're reactionary to the minors ations the secular what the revolution was really all about equality and there's questions whether you know the islamists are on the same page as those type of liberal principles and values. we've got the world at your fingertips at r.t. dot com let's show you what's a click away right now the details of america's new weapon in the fight against al qaeda propaganda which is more than g.i. once they'll. take a look at the real bad man who jumped out of a plane without a chute and landed in the record books the freefall footage all online at our dot com.
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a kindergarten in latvia has been dragged into a dispute over teaching tyranny after its toddlers were given a lesson by nazi sympathizers including getting hands on with real war weapons for some it's a vital schooling about the country's history but as artie's alexy reports from riga their fear is of nursery age indoctrination. this was described as a lesson of patches in a kindergarten in riga got a tough. fact to the men who are they going to form a lot of b.s. as sas legions which fought on the nazi german side in the second world war one of the outfits even boasts the notorious founder like symbol moreover they let the three year olds play with real nazi weapons this is
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a grinning police ring. just like a party popper during christmas despite nazi symbols being outlawed or not to be alone with the soviet embassy on the legal consequences have followed so far the owner of this kindergarten who is also a right wing nationalist party member sees nothing wrong. history and no way to tell the children who the legion is we're. going to go out and i will decide how will you teach your children now we will make them proud of a country is 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 a four year old daughter's future education does that all teen with normal it some think about things like that this never happened to children and i'm strongly against it i'm saying you can't go if things like that become free yes and i'll
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have to take my daughter from the kindergarten and i won't be able to pull the head of 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 nash and why. they usually have one sixteenth of march known as the country's new gym day former assets if i just marched the streets of brega along with right wing politicians and supporters similar gatherings happen in another baltic state with a difficult history as. a part of living to. i remember speaking at the european parliament trying to convince deputies of lafayette is a nazi fleet country so now i have to admit a great change due to the action of some movement of neo nazi ism girl stronger here so would be if you 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
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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 pratchett ism 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 olds was a major offense at least from a moral point of view. see reporting from riga in lafayette well stay with us here on r.t. still to come this hour face flop disgruntled facebook investors he snatched up the company's shares in a record tie and now filing a lawsuit alleging floatation for all. and getting for reelection why
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a movie of osama bin laden's killing is a new boat capturing weapon for president obama's marketing machine. but first iran says it won't curb its nuclear program unless it sees some sanctions dropped by the west both sides struggling to reach consensus talks in baghdad over tehran's nuclear ambitions after no diplomacy for more than a year western envoys offered iran much needed to aircraft maintenance and nuclear safety cooperation in order for in return for terror on halting a higher grade nuclear enrichment iran offered u.n. inspectors visits to a military complex suspected of carrying out nuclear tests but the west refused to budge over him in a new sanctions that will hit the oil exports the country's main source of income iran says more restrictions won't make it yield out its nuclear program which it claims is only for energy and research political analyst chris bambery from the international socialist group expects iran to hold firm. iran is of course virtually surrounded by american bases not just the american presence in
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afghanistan so they're ratcheting up the military pressure in their own associated with the tensions over syria and as we were hearing that in lebanon so there is a war being going on here which is a very dangerous game many people who would not support i mean is that 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 child and refusing to accept the repeated promises and statements that this is a peaceful nuclear program the military buildup in the gulf is particularly dangerous for those who would call the end of the one thousand nine hundred iraqi war the americans intervened on the side of iraq. when they would seem to be losing the war and shot down and really in civilian airliner with two hundred eighty days the ranching up of military tension sanctions creates
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a dangerous situation but america and the european union are on the road to simply iranian oil the chinese the indians and the italians that can pick up the slack here. are some other stories making headlines across the globe as conflict in syria raises a new u.n. report claims both government and opposition forces are still committing gross human rights violations most of the blame is placed on damascus rebels who are accused of executing prisoners and kidnapping civilians for profit meanwhile amnesty international slammed the un security council for being too slow to act on syria calling it increasingly unfit for purpose the world body dispassion observer mission to the country where it's thought around ten thousand people have been killed since march of last year. a u.s. drone strike has killed tens of spectum militants in northwest packet. stan officials say two missiles hit insurgent hideout in the north was nearest and tribal area it's the second strike there in twenty four hours at least four people
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were killed when the date the mission took place despite calls by pakistan for all drone strikes to on its territory to stop. a military prosecutors demanding the death penalty for ousted president ben ali over his alleged role in the deaths of protesters in the towns where the arab spring started the attorney also wants maximum penalties for all those convicted over the death penalty is already serving sixty six years in jail for corruption torture and other crimes more than three hundred people died in other many others wounded during tunisia's uprising. french president francois hollande has told the press that he may boycott the euro two thousand and twelve championship in ukraine over the case of the country's former prime minister yulia timoshenko he says he loves football but the affair of tymoshenko who is a jail for abuse of power could keep him from attending several other leaders including germany's angela merkel voiced the possibility of boycotting next month's
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tournament games that plays the case against her is politically motivated and says she suffered abuse while in prison. instead of jetting off for his honeymoon newlywed facebook founder mark zuckerberg is fighting to remain the darling of the tech bubble the billionaire his company and a group of major banks are being sued by disgruntled shareholders who invested in the world's most hotly anticipated flotation last friday our washington correspondent guy explains. 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.
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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 holding 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
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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 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 when only 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 analysts margaret bogan or if says that facebook's flotation flop will damage the company but the forest should open investors are. there to pricing issues what we're seeing from you know kind of the release of documents and people speaking is what these
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insiders did is they priced the beast books out into different weight they said retail for thirty people like you and me will pave forty dollars a share given the information that that has been released from facebook but inside up or institutional investors will only pay thirty two dollars a share and that is arguably where that thirty eight dollars a share price can probably go with actually pretty at that given you know delay in the nasdaq launching given the technical glitch of it 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 these exchanges i always thought it was a little over right i think it's just one of those things that you know everybody knows what the i think there is that the value there i think at some point you know social media has been a learning how to find the right you know all the eyeballs that are getting 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 have a pop in both i.p.o.
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bottle and just the tech bubble generally. well stay with us here on r t still ahead this hour reverse and brain drain find out why some of america's most promising intrapreneur could be migrating back to the same countries their parents of and in the war. but first the european union wants greece to stay in the euro club but only if it sticks to previous commitments meaning austerity the gloomy future of the single currency was the main topic during an informal e.u. summit in brussels wednesday insurer's own state is reportedly developing an individual back up plan if the so-called corrects it or greek exit does happen. france's president hollande urged a shift in strategy from austerity to growth something germany is reluctant to agree on the compromises being sought ahead of a second greek election in june which could decide the country's fate in the euro john laughlin from the institute of democracy and cooperation think the e.u. is trying to force the greeks to accept austerity regardless. i think that on the
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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 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
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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 isn't a promise 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. barack obama's taking his campaign for reelection to the movies films in the works about what he considers a key achievement of his first term in office it's a reconstruction of osama bin laden's capture and killing and hollywood's getting access to some top secret info to wrap up the authenticity journalist josh gerstein says the white house p.r. department is working at full tilt. it 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
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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's some political motivation here. united states frozen job market in debt troubles are stopping the country of its young high flying entrepreneurs fierce competition from fast growing economies as seeing the children of some u.s. immigrants tempted by better employment chances in the countries their parents left
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behind artie's marina porton i 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
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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 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
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a family so i don't like to deal with what i have to do. with in terms of 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 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 much sure 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
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. new york. he joins us now from the business desk and you've been crunching the numbers for us or the markets keeping a firm grip on those gains but they are indeed they're not letting go of them at this hour that's for sure we've had some more positive news coming from stateside as well because they're about to open up their stock markets for the day and the stock futures are pointing upwards and that's because jobless claims fell by two thousand for last week so that is good news now let's have a look at the european markets to begin with because it is also balkan hunters today they're looking to pick up some beaten down stocks including banking and energy stocks and that's helping to grady a bunch of them down with data that came out of the region say we have private sector output for the eurozone contract saying german manufacturing output fell in my private sector output in front styles there was a whole plethora of things going on we also did have a kind of
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a clear strategy coming out of the e.u. meeting that we had yesterday when the leaders met the sufferer but they did say that greece will not be leaving the euro zone but as we can see we got strong gains after that see the dots in this our hands this talk about the fact that if greece do leave the euro as i don't what this will mean for russia now because the russia's economy contracted by two point one percent in the first year now top undisturbed by its research team says the so-called grex it will also heat in relation to almost seven percent from the current choice the sense that it's because europe is responsible for halls of russia's exports most of the energy which is also going to drop in her eyes now if we have a look at the russian markets for now we'll be able to see that the gains are strengthening this fall higher than we saw in the last hour that i was that ok let me just tell you that both those colors on the screen should indeed be great when i say they aren't a gaining and i can tell you that oil is gaining as well so we know that has a knock on effect on the markets here in moscow so just to clarify the markets yes
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on the mice are indeed out let's go to the stores and see how it moves and show. is it getting on them because sevastopol that russia's largest still producer it is indeed down one point seven percent now lower global still prices are taking their toll on the company with the company's first quarter net profit decreasing by eighteen percent who might do worse now it is also out there a third of the senate so the state funds are privatized seventy five percent of the company by twenty fifth jane and us to spur the largest lead to hit in russia also higher than just says it's close to make you do it with. us want to watch we're going to have to exchange rates and we see how the common currency is performing at this hour has come under a real roof stress actually recently but right now we're going to place a one twenty five zero one that's still at a year and it's looking to stay out that the law i two thousand and ten region that has really seen a selloff recently if we look at the variable that it's gaining against the u.s.
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dollar and the year the rubles really had a challenging time recently because investors are having tools they say behave in such as the u.s. dollar in times of trouble as we get i've said or a price is now. yesterday in the session we have that light sweet number below ninety dollars per barrel and there are a lot of bells going off all kinds of panic in the markets but right now you can see the brant on the lights we are indeed gaining start seeing a bit of momentum here in moscow which explains why the russian markets are now gaining this what china then sally the second biggest economy in the wild. china is rolling out reforms to local banks and what they want to do is they want to compete with the giants like goldman sachs not domestic brokerages which are now trading stocks were able to expand in futures and derivatives now on top of that brokerages will be able to take on twice as much debt in relation to their net assets. all right what's next on how the figures for the u.s. markets as i said the futures are indeed pointing upwards will be looking forward
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