extent i could leave it there i'm afraid but thanks ever so much better insight there from you michael farr a reporter for c.j.d. radio montreal thank you. russian businessman platon lebedev who was jailed for involved in russia's infamous you call scandal said his prison for corruption reduced by three years big story today set to walk free next july the sean thomas has got the details. his sentence was reduced from thirteen years to ten years by a local court in our hand girls let me take you a little bit back through it to get to where we were today in two thousand and five both men were convicted of tax evasion and then they were retried in two thousand and ten and then convicted of stealing oil from their company now last year dimitri medvedev who was then president introduced legislation to soften up white collar crimes specifically favoring financial penalties as opposed to criminal sentences that therefore decriminalizing the more white collar crimes basically saying that these were not violent offenders and they shouldn't be treated as such so they would be financially punished ins

"outfront" tonight, michael farr, author of restoring our american dream. good to see you. i know there were a lot of markets often go down on the day after an election and they're worry about the fiscal cliff and europe. >> you really can't tell. certainly we had a couple of point run-up prior to the election and then this morning without the distraction of all of a political punditry and bluster, we see marcus all of a sudden come back down. perhaps investors confronted the fiscal cliff and what's going on in greece. they need another $40 billion. china's slowing and we've got 2% gdp growth. fairly tepid. >> the credit rating agencies, the we couldn't make a deal last time around. fitch was one of them just hours after the president was re-elected. said if they don't avoid the fiscal cliff, we're going to face another downgrade. they say hey look, the first downgrade, it still hasn't caused interest rates to surge. should we be? >> we saw the rates rally and go lower after the last debt downgrade and today, even though things look worrisome, we saw the ten-year treasury b