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tv   World Business Today  CNN  June 28, 2011 1:00am-2:00am PDT

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it's an exciting thing as a fan to be able to yearn for more. >> it's interesting, twitter brought them all here and all the camera phones come out. >> yup. >> boom, boom, boom, everyone is a paparazzi. >> everyone's a director. everyone's a photographer. >> thank you. >> great. >> i loved it. really good. hi, i'm zain verjee at cnn in london. a 48-hour general strike has begun in greece against the new austerity measures. parliament is proposing five years in tax hikes and spending cuts if they are to avoid outright default. the international criminal court issued an arrest warrant for moammar gadhafi and two of his relatives.
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libya rejects the warrant saying it is nothing more than a cover for nato war strikes. in dmas cass key leaders of the protest stayed away saying it gave legitimacy of the government. constitutional change is set for next month. floodwaters from the missouri river are threatening two nuclear power plants in the state of nebraska. workers are monitoring both plants around the clock to keep water out. so far both facilities have stayed dry. i'm zain verjee at cnn in lon n london. world business today" starts now. >> hello and very good morning from cnn here in london. i'm charles hodson. this is "world business today." christine laguards is odds on favorite for the imf and final
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furlong as greeks strike over spending cuts. a french plan could help deal with some of its debt. moody's puts a dent in toyota's credit rating. greek grief over proposed austerity measures is spilling out over the streets once again. protesting in athens, traders respond to hopes that the prime minister, george papandreou will pass or will see his controversial hardship measures passed in the course of today. the major european stock markets opened with gains just over an hour ago and they're still in positive territory right now. i think there is a perception on the part of people in the markets there is some plan b and also the french plan or the agreement with french banks which envisions a rollover of breek debt is also helping. but in terms of the numbers, zurich, frankfurt and london up
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by about 0.3 to 0.75. paris cac up by 1% and in terms of the currency, a continuing weakness for the euro as a result of the greek crisis. if you thought the euro was in trouble, the pound is even more, 1.5945 for the cable and the reason is there is a lot of speculation in the market about the bank of england far from raising interest rates as some within its own ranks are saying, the bank of england in a have to do more quantitative easing measures so i1.4258 for the eur. shanghai in terms of asian markets clawed its way back from big morning losses tuesday. the early drop followed news local authorities owed debt up to a quarter of gdp, $6.15
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trillion. i bet the greeks would love to have that problem. gains of 0.75% for the nikkei, the biggest market there and scant gains for both the chinese markets in hong kong and in shanghai and in australia the s&p asx 200 up .0.75 after monday. shares of toyota motor held steady tuesday despite moody's downgrading to aa3 from aa2. falling production in sales at toyota could cause it to lose its status as the world's number one carmaker. we'll have more on that later. in another story getting a lot of attention in asia, the china yurun food group. the share price sank 5% tuesday after falling almost 20% in
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monday trading. it is linked to rumors of report by an outfit called muddy waters research. as its name suggests muddy waters looks for transparency in the sometimes murky world of chinese business. i thought it was a singer but right now across the atlantic a mixed bag on the u.s. futures, major indices are up slightly for the dow and nasdaq composite, down slightly for the s&p 500. in greece workers have begun a two-day general strike as they fight to block a fresh round of austerity measures, live from greece, those measures are a condition for any loan from the imf and eu. funds executive board is meeting in washington and the selection of a new managing director is
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likely to be top of the agenda and two candidates are battling it to succeed dominique strauss-kahn, sorry, not these people here, obviously these are greek protesters but the candidates are prime minister lagarde as you can see here and mr. carstens, there we are. one of the candidates has good reasons to be optimistic. christine lagarde has added chinese support to her solid european base and with the united states expected to follow suit, mexico's augustin carstens may need a miracle. >> in 2000 the "forbes" magazine ranked her the 17th most powerful woman on the planet. the same year "the financial times" labeled her the best finance minister in europe. she once ran a large american law firm and lawyer who runs a large american economy and
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christine lagarde who shepherded tough economic reforms was recently ranked france's sixth most pop figure. how does she manage it? a friend and fellow lawyer says it's a combination of personality and competence. >> one she listens to people, two she's very human, she's very just, high ethics which are important, because i think in the end it's always ethical people who really lead others. >> reporter: the author of a recent book about lagarde says many people don't know she's a devout catholic who tells herself constantly to keep smiling. it has carried her through some tough situations but cyril leshev says after a divorce and long separations between her two sons has regrets. >> she sacrificed a lot for her career and this is something when you speak with her she doesn't feel very good about
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this now when she looks back, she has the feeling that she missed something. >> reporter: but in her public life she has missed little, widely credited for working around the clock to head off the financial crisis of 2008, something that put her in a recent documentary on the financial meltdown called "inside job." >> when were you first told that lehman was in fact going to go bankrupt. >> after the fact. >> after the fact. wow. okay. and what was your reaction when you learned of it? >> holy cow. >> her involvement back then and in the subsequent european debt problems she has won the confidence of many leaders of the planet, some who support her candidacy for director of the international monetary fund. >> christine lagarde is really able when people are around the table like lawyers know people that had the feeling that they
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are really important that she always managed to get consensus, and she doesn't stand in front of the others. she always builds this consensus. >> reporter: consensus building is no doubt a valuable skill at an organization like the international monetary fund but the first consensus is one among the imf's board of governors, common agreement they should turn to france for their director. jim bittermann,en kren, paris. he's the chief of mag co's strl bank, augustin car ststen' bid is said to be a long shot. he's said to keep the country stable during the global downturn in 2008. >> translator: the policies we've adopted in mexico have
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really been successful. clear proof of that even after 2009, mexico's situation is one of the best in the world. that doesn't mean we don't have challenges but our financial public policy is in order. >> reporter: born in 1958 carstens earned a degree in economics at the university of chicago. he then joined the imf as executive director from 1999 to 2000. >> translator: i'm a practicing ma tick who operates on results and having a wide vision when it comes to solving problems and incorporating all factors when it comes to finding a solution. >> reporter: from 2006 to 2009 carstens served as finance minister under president philippe calderon. during this period he increased revenue for the government. he's been leading mexico's
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central bank since january last year. >> so profile of augustin carstens and before that jim bittermann of christine lagarde. the imf board has until thursday to choose its new boss. it may not take members a whole three days to decide. we'll cross to our hala gorani, what's happening in syria today? >> reporter: we are reporting live from damascus in syria, some 100 plus days into unrest and uprisings that have gripped this country and perhaps changed it forever. i'm joined now by the presidential adviser, she is here with us. while many people have been
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watching over the last three months and seeing so much violence across the country, want to ask you why is the government targeting demonstrators? >> we're not targeting demonstrators. i think demonstrators are making their points every day. we have no problem with that. they have legitimate grievances but i think it is a complex problem. you have peaceful demonstrators, but you have extremeist ists wh using demonstrations to incite the violence. this is our biggest challenge at the moment. >> reporter: this is a new development. because in the initial days of the demonstrations really coming from the government we heard only that these are armed gangs. now you acknowledge that among them, there are peaceful demonstrators, that have been targeted as well by security forces? >> no, right from the beginning, the president spoke two months ago and said that they have legitimate grievances and there are peaceful demonstrators. i think we were not reaching the international media.
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that was our major weakness really. >> reporter: there are peaceful demonstrators, now you acknowledge it, but they're still being targeted. we're still seeing violence. why do security forces still continue to target them? >> the security forces are there against the armed groups. they're not there against peaceful demonstrators. like last friday the security and police forces were not there at all. what we are trying to do, to test every possible way that will put an end to violence or will show us where the violence is exactly coming from. we have no problem with peaceful demonstrators. we have no problem with their grievances and i feel the national dialogue will be addressing all issues that were requested. >> reporter: you speak of the national dialogue, we had a conference yesterday in damas s damascus, i attended that meeting. many of the participants there, i should say in fact all of the
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participants do not represent, if you will, the people on the street. >> that's very true. that's very true. this is our biggest problem and challenge, that's why we are announcing on television that the national dialogue is welcome. all representatives of all, and in fact we are trying our best to reach the leaders of people on the street, because we want to solve this problem in our country, and to move forward. >> reporter: now can the current government continue to rule or has it lost its legitimacy? the french prime minister said president assad has reached the point of no return, no return meaning it's over for this leadership. what do you say to that? >> i don't know why any foreign minister should assume that he has the right to give legitimacy to president of one other country, president assad and government has legitimacy from the syrian people.
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it is a crisis in our country. it is not an issue about the president or about the government. it is an issue about the country, about the future of syria, and we hope we are heading forward to a new era where we come out of this crisis much stronger and much better system than we were before. >> do you think the situation would be different today when the uprisings started in dara, the assistance from the security forces hadn't been as violent as it was, do you think today it would be different? >> i think there are lots of fabrications about the security forces that with many of the security forces who were ordered not to carry weapons and many were killed by the armed people so the story is honestly complicated with many facets so we don't want to simplify it and feel it has only one aspect, but the real issue is that the country and the future of the country is at stake and people
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are invited to make a better future for the country. >> reporter: thank you very much for joining us here live. i tell our viewers later we sat down with her for a longer interview that we will broadcast on the international desk and other programs in our prime time european lineup, and she said the future of the country is at stake, regardless of what side you're on, what your poll tixz are, charles, you can disagree with that, syria is going through a transformative period, what is happening will determine the way the entire nation then ends up moving ahead. back to you for how in london charles. >> hala, thank you very much, hala gorani joining us live from the syrian capital damascus. as they say, no pain no gain. that may be true when it comes to getting into shape financially and physically. in greece they say they've suffered enough. a 48-hour strike is coming up to
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protest new taxes. the measures the eu and imf are demanding. without the funds greece faces default potentially within weeks. on monday greece's prime minister urged lawmakers to vote for the austerity plan. >> translator: i'm not asking you to listen to outside pressures. i'm asking you to listen to your soul, your inner patriotic conscience. >> meanwhile france has come out with a plan to help greece specifically the french president nicolas sarkozy commercial banks agreed to offer 30-year loans once greece's current debt comes due. it may run into trouble for several reasons, first the
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involvement of the european financial stability fund is unlikely to please germany, where chancellor angela merkel rejected proposals involving that fund from german banks, the same german banks that "the financial times" regard 30-year maturities on greek debt as too long. there's the question of greek debt not held by banks, commercial lenders hold a little more than a quarter of that debt and the ratings agencies who don't seem to have made up their minds whether a rollover is the same thing as an outright default. there's still lots of play. just ahead on "world business today" from hackers to executive embezzlement, some worries going on at citibank. and in the race for the title of world's top carmaker, number one may be getting a new name.
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welcome back. police in the united states have
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arrested a citigroup executive for embaz bezeling $19 million. gary foster faces 30 years in prison if convicted. the financial services giant has joined the growing list of companies that have been hacked. hundreds of thousands of supposedly secure credit card accounts were breached last month. lisa sylvester adds up the losses. >> reporter: 2.7 million dollars swiped from customer's credit card accounts. citigroup says the money was taken from about 3,400 customer accounts, the thieves were able to tap into nearly 100 times as many, 360,000 during the may security breach. security analysts say it's part of a wider trend of cyber attacks on the rise. sony corporation, lockheed martin and various government agencies. >> in the olden days when a bank robber would come to the front
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door of a bank, whatever money you had in the bank it would be gone. now bank robbers are coming through digital doors that you cannot even see. >> reporter: citigroup isn't saying whether it knows who is behind the attacks, citing the ongoing investigation. a spokeman added "our customers are 100 protected from any fraud. we don't want our customers thinking they're liable." data thieves can strike tweaks or months after stealing personal information. consumers' union urges people to monitor their accounts on a weekly basis. >> a lot of times the way these things work, identity thieves will place small transactions on your account, maybe $10, maybe $15, you don't recognize it, you probably won't follow up on it. it's a small transaction but they place these transactions on hundreds of thousands of accounts, hoping that nobody will follow up and report on it. >> reporter: consumer groups are also pushing for a federal policy outlining requirements for data storage of customer information.
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right now it's left up to each state to decide the rules. >> what we would like is for there to be a standardized policy coming from here from washington that tells companies these are the ways to store information, these are the ways to keep information safe and in case of a data breach, this is what you have to do to notify. >> 46 states have their own legislation on cyber security breaches. legislation has been introduced in congress to have one uniform policy, one proposal would require companies that collect personal information on more than 10,000 people in a 12-month period to have to disclose the breach. right now the rules are all across the board. lisa sylvester, cnn, washington.
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welcome back. toyota and its investors, things are not pretty of late. just released monthly sales figures for may show the carmaker has significant damage control ahead. moody's downgraded the company's credit rating. at kyung lah reports, this is the latest trouble for the japanese giant. >> reporter: there are acts of god and then there are circumstances of one's own making, both, say analysts, play a part in toyota's slipping as the world's number one automaker. >> probably hurts in terms of mind-set, in terms of self-esteem. >> reporter: it's a title of
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bragging rights, which automaker sells more vehicles than any other on the planet. back in 2008, amid the global financial crisis, toyota snatched that title from american automaker general motors the car king for more than 70 consecutive years. >> we're going north 125. >> reporter: then came reports of fatal accidents, sudden acceleration and brake problems. what followed, toyota's stunning global safety recalls, damaging its core brand of quality. the head of the company hauled before u.s. lawmakers to answer questions about safety. >> i am deeply sorry. >> reporter: just as toyota appeared to be recovering financially, the march 11th earthquake and tsunami knocked out critical parts suppliers for toyota, unable to get parts for their cars, toyota was forced to shut down production. stefan lippert says it's time for soul searching in the board
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room. >> time to embrace it, because it helps us become a more profitable company or say okay we want to pursue the traditional japanese strategy, go for market share, even if it makes no money try to regain the number one spot. >> reporter: the race for number one has been recently between tokyo and detroit. now a new player may rise above toyota and gm, german automaker volkswagen, the biggest player in china where car sales are off the charts. win china, win the world says e rebecca lindland. >> nobody should feel secure in the marketplace, because we are under a tremendous transition phase. >> reporter: toyota had no comment to cnn on the sales race.
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gm says it simply wants to build the best car while volkswagen looks forward to becoming the number one carmaker. regardless of what they say publicly, analysts believe they'll all be watching to see who can claim the winning spot at year's end. kyung lah, cnn, tokyo. i want to talk to you. you may have heard of poor leg circulation, which could be peripheral artery disease, or p.a.d. with p.a.d., if you have poor circulation in your legs, you may also have poor circulation in your heart or in your brain, your risk for heart attack or stroke is more than doubled with p.a.d. now, ask yourself: am i at risk? if you're not sure, call for this free information kit to learn more. [ female announcer ] call the toll free number on the screen now to find out what the risks of p.a.d. really are. you'll find a 7-point checklist
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from cnn london i'm charles hodson, welcome back to "world business today." back to one of the day and the year's big stories, the continuing debt crisis in greece. thousands have walked off the job and hit the streets on the eve of the vote critical to the fate of the entire european
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union. on monday, parliament debated a series of tax hikes and spending cuts aimed at saving the nation from default. i should correct myself, i i think i gave the impression that the vote on the austerity package was today, tuesday. it is in reality wednesday, moved back and it should be i think about 25 hours' time. straight to diana magnay in france. >> reporter: tomorrow, you're right, charles, in 25 hours. this is a 48-hour strike. you've seen the pictures started at 6:00 a.m. this morning. public services have basically come to a standstill. unions and the private sector union are joining in. there will be tens of thousands of people out on the streets
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today, public transport pretty much at a standstill except for the metro, schools, problems at the airport with air traffic controllers taking work stoppages so significant stops today and tomorrow, charles. >> okay, diana we're having problems with the sound with you. thank you very much indeed, diana magnay bringing us updates on the developments in greece. optimism in the stock markets they'll get the thumbs up in parliament has been reflected in trading. another look at the numbers, of course the other factor that's playing into this is this proposed rollover arrangement which french president nicolas sarkozy announced in paris sunday. we're looking at banks doing a lot better than they have, 0.75
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for the london ftse and the dax up 0.4% and zurich up by 0.5%. the shanghai looked like it was headed for its first drop in six sessions but managed to push into positive territory, about 0.1% at the close. earlier loss on the figures of release of china's closing government debt, 0.25% gain for t nikkei and asian story now, diagdia diageo based in london has a shot at acquiring one of china's biggest liquor names following approval from chinese regulators, aand that approval isn't always forthcoming.
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if the bid is successful it will make it one of the first international non-chinese firms to acquire a majority stake in a household name chinese company. ramy inocencio is here. >> this is baijo, roughly translated into white alcohol. if you've tried it, it roughly goes down like fire. it accounts for 30% of all of china's sales, and that's why diageo wants a foothold in that market and diageo sales fell 1% as it gets ready to make a commitment, shares down 0.8%. the deal it had to go through is fairly complex, this is china we're talking about after all but these here are the main points.
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diageo first got chinese regulatory approval to buy a majority stake in a holding company called ttrenqing and tht holds another company which gives it another control of major chinese bring. shares popped today, listed on the shanghai stock exchange and trades under the english name swell fund, stocks close up 5.89% there. the regulatory approval for diageo is only one of a number of deals just announced between britain and china, in total those are worth about $2.2 billion, premier wen jiabao just
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wrapped up in britain and they're closing up the deals maybe with biajo. >> white spirit is what we use to thin paint with. can you thin paint with it, ramy? >> it's funny you mention, because while i haven't seen this being used as paint thinner i've seen this be used to wash tables in rural chinese restaurants so this definitely cuts, charles so be careful. >> okay, ramy always the man with an answer. many thanks to you, ramy joining us live from hong kong. now to an issue that we're monitoring intensively here at cnn, modern day slavery. the u.s. state department released its latest report on the trade in human lives. it's something of a report card
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on efforts to fight international human trafficking and here's what it says. this map shows the 184 nations and territories in the department's trafficking survey. the worst offenders are marked in red. they're followed by nations where human trafficking is less prevalent, in yellow, and orange, and the countries doing the best are in blue. one key aspect of this report is the addition of 11 nations that are not prosecuting traffickers and providing justice to their victims, are not making efforts to improve. they are algeria, the central african republic,iquetoryial guinea, guinea-bissau and libya, maz gas car, micronearbyia, turkmenistan and yemen. >> thank you. >> a report was released by u.s. secretary of state hillary clinton on monday, in an
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exclusive interview she spoke to our jim clancy about some of the goals of the study and its reach goes far beyond just looking at the numbers. >> all through the year what we're trying to do is to work with countries that are willing to take some action. we're trying to work with advocates so that they know they're not alone and we're trying to shine a very bright light on people everywhere who are still unwilling to admit that 27 million enslaved people is a rebuke to everyone everywhere. >> for more on the report go to cnn.com/freedom and you'll find more about our network wide mission to help bring an end to modern day slavery. coming up next on "world business today" a story of baseball and bankruptcy, the dwindling fortunes of the los angeles dodgers. and we've got our eye on the republic of georgia, what is
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attracting foreign farmers to its fields. may be at increased risk of heart attack. diet and exercise weren't enough for me. i stopped kidding myself. i've been eating healthier, exercising more, and now i'm also taking lipitor. if you've been kidding yourself about high cholesterol, stop. along with diet, lipitor has been shown to lower bad cholesterol 39 to 60 percent. lipitor is fda approved to reduce the risk of heart attack and stroke in patients who have heart disease or risk factors for heart disease. [ female announcer ] lipitor is not for everyone, including people with liver problems and women who are nursing, pregnant or may become pregnant. you need simple blood tests to check for liver problems. tell your doctor if you are taking other medications or if you have any muscle pain or weakness. this may be a sign of a rare but serious side effect. lets go... haha. if you have high cholesterol, you may be at increased risk of heart attack and stroke. don't kid yourself. talk to your doctor about your risk and about lipitor.
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time for our "eye on" series where cnn travels to a different country each month to examine issues in business and culture you might not have been aware of. we visited ukraine, germany and india. now we've got our eye on georgia, not the u.s. state but the country that's a touch between russia and turkey, the eastern end of the black sea. georgia gained independence in 1991, when the ussr, the soviet union collapsed. about 4.5 million people live there, most of them are orthodox christians, one of the oldest christian communities and was one of the first countries to accept christianity as an official religion. about 10% are muslim in georgia. the main industry is agriculture and exports produce such as
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grapes, citrus fruit and nuts. the georgian government is trying to make the most of its agriculture industry but some of its farmers could use more technical know-how. paula newton visited a farm outside tbilisi exporting from africa. >> reporter: only a lifelong farmer like pete kemp would walk through a muddy field on foreign land -- >> see this one, you can see on the leaves -- >> reporter: survey the crop damage from hail locals say is historic, shake his head at the rainy spring that has delayed planting and yet declare this is his destiny. >> i tell myself, i was sent by god. really it is a lot of things to do with the people in georgia. >> reporter: kemp believes he was sent by god but it's the georgian government looking for
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a miracle from south african farmers like him. he takes us on a tractor ride. at 67 he says he feels reborn, a migration of farmers from south africa to georgia. >> i tell you i feel reborn. there's a big difference between farming and farming and you must think big. >> reporter: the point here to bring commercial farming, the kind of expertise cultivated in south africa to georgia's farmers. that is the challenge as he leaves decades of south african farming, so marked by the legacy of black versus white and tries to enrich a different country without leaving georgian farmers behind. >> it's not important farmers, it's an enrichment program which will actually bring in the country money which will bring
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in the country the expertise, experience, which stays here and which actually will be shared by georgian farmers. >> reporter: with more than a century of farming between them, these local farmers want guarantees that the south africans won't be getting georgian land on the cheap and that they truly can teach them a thing or two. >> translator: they have to help ut us, too, we can learn from their expertise. >> translator: when people come here from foreign countries there must be the opportunity for local people to be employed. this will help people a lot. >> reporter: kemp is working hard to pass on his experience of the good earth to georgians who he says are blessed with better land than even he could imagine in south africa. it's better quality land? >> definitely and with better weather, the longer season, the longer day temperature you can
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get two harvestings in one year. >> reporter: two harvests would be incredible for them. >> yes, i think we can. >> reporter: georgia is counting on it, some of the richest farmland in europe, one of the country's only natural resources. georgia is now looking to foreign farmers a continent away to help them make the most of it. paula newton, cnn, georgia. now europe sizzles and experts work on a new way for people to stay in touch during weather emergencies. meteorologist jennia fidelgado. it's been a long time. >> finally we're reunited. we have good news to talk about. we'll get to that in a over. technology that's useful for natural disasters.
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we have had the tornadoes popping up across parts of the u.s. i have video showing you a portable cell phone tower, this is great for when you're responding to disasters like floods or tornadoes. this is going to be allowed to set up and restore communication to towns hard hit. initially first responders usually use a satellite phone but this tower you're seeing here and we got a sneak peek of this yesterday allows up to 28 people to use this normal tower along with our regular phones so this will allow them to be connected with their friends and family via voice mail or e-mail. i thought that was pretty cool. i wanted to show you that story as well. now, i want to get on to a little more traditional weather. let's talk about what's happening across europe. the low pressure across eastern europe, that will on it weaken, had stronger storms yesterday but we have a cold front working in from the west and temperatures have been extremely warm and really nice weather
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through parts of western europe. people are getting spoiled. temperatures in the upper 20s, mid to upper 30s, parts of spain as well as into france, temperatures extremely warm. well, i have some photos for you. it's going to show you how people are dealing with this. charles, you know i'm a big fan of the heat. you can see people trying to cool off, tourists through southern spain where temperatures climb into the mid to upper thirtsz. we have more images as well, people being smart putting on the hat. this one is one of my favorites right here, just lounging right by the eiffel tower, soaking their feet, enjoying the water, hey, if you're going to be in paris, it's sizzling hot, get outside and enjoy the sunshine, and for today, temperatures once again hot, it's going to be the last day for paris, a high today of 32 degrees. 38 madrid and for my friends in london like charles, a good amount of sunshine, high of 23 degrees, you're getting spoiled by this, good for the garden,
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huh? >> better anyway. it's been a lot cooler. i was admiring the way your top melded in nicely with the storm cloud graphics you had earlier on. >> i'm coordinating purple with you today. >> that's right. wow, yes. you were going down a storm there jennifer delgado at the international weather center. coming up, looking at the an american baseball team seems to be striking out. hard to see who it's playing against. here on "wbt."
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welcome back. over to the united states where the los angeles dodgers baseball team has become the latest casualty in a summer full of financial trouble for professional sports. the team is one of baseball's most famous names. but even that hasn't kept it from a bankruptcy calls aits owner struggles to block a takeover by major league baseball. cnn's candy reed has more on that story now. >> the los angeles dodgers have filed for bankruptcy protection a week after major league baseball blocked a new television deal which would have given the franchise a much needed cash injection. the dodgers owners are locked in a bitter divorce case. frank mccourt filed for bankruptcy protection after mlb officials threatened to take over the team if he could not meet the dodgers' payroll. commissioner bud selig blocked
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the $3 billion deal with the fox sports network. past and present dodgers players are owed a significant amount of money, for instance the retired manny ramirez is reportedly due almost $21 million. the team plans to continue operations with a $150 million in financing. mccourt has been getting loans to keep the team afloat. his problems are expected to come to a head this thursday when a $30 million payroll is due. >> candy reid there. let's take one last look at the stock markets up about 0.5% for the london ftse. xetra dax tipping off about 0.7%. paris cac 0.7%, zurich smi 0.7%.
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athens general optimism up by about last time i looked nearly 2% for the athens general. don't forget if you want to comment on all of that or any of the stories in the show get in touch with the whole team on our facebook page, you will find us at facebook.com/wbt. back in 24 hours.
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