tv Taiwan Outlook PBS August 21, 2013 11:00pm-12:01am PDT
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another foreign company runs into trouble in china. i am michelle macquarrie. >> the question is, does greece need another bailout and will europe come to the rescue? >> and also coming up in this hour. tickets for the world cup are on sale but the repaired to spend big. and scoring big profits with exorbitant prices, forcing the government to intervene. we will look at nickel tourism around the world and why more
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people travel to get to medical treatment. first the latest national and world news headlines. >> the trial of the communist party chief is underway. he arrived at the courthouse last hour. his trial is being reported on by social media. more than 100 people are present including five of his relatives and 19 journalist. he faces charge or he -- charges of bribery and abuse of power. a sentence was handed down in the bradley manning espionage case erie it he committed the biggest leak of classified data. we'll have an in-depth analysis of the trial and sentencing with a panel of legal experts. new allegations that some occult -- serious ayria used chemical
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weapons. there is evidence of the use of poisonous gas. >> the scandal over imported baby formula arm another eb company continues in china. the tainted powder is from sealant -- new zealand fronter ' company. the country has had its minister over. in the afternoon he talked to the head of the international department. a press conference originally after that talk was canceled. he said he would like to meet the press on thursday after
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talking to his chinese counterpart. and then they did cancel. the country's -- i prime ministr said he would like to come to china if necessary and if he did, he would like to come with a full -- the results of full investigations that are going on right now and he would like to face the chinese consumers and give them satisfactory answers. lex thank you. these growing reports of unsafe baby formula are helping consumers turn away from forign brands. these foreign companies are bearing the brunt of public anger. >> one more case of contamination linked to new
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zealand. more worries for china's mothers. this is the only -- very hard to tell what is -- i have to buy even when there is no sale. >> with excess nitrate found in milk addict she is beginning to lose faith in foreign goods. imported milk progress -- products are popular as a direct result of rampant food contamination. baby formula remains the fittest demand. strong reasons for new zealand's apology for the scandal involving fontera. thenew zealand is carrying a jot ministerial investigation on how
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the ingredients were tainted with a botulism-causing bacteria. details of how it happened are expected at the end of the month. a senior manager is expected to step down. their products are the largest export to china. at $2.2 billion as of 2011. it is too early to tell whether the recent spate of contamination cases will have a long-term impact on consumer behavior. one thing that remains unchanged is the mother's love for her child. this mom says place of origin is not an issue. she would choose the brand that leaves her child unharmed. >> besides dealing with food safety issues, china is also trying to monitor the countries shadow banking system. where lenders operate with not much revelatory oversight. one of those banks is creating a stir on wall street after it
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shares surged 40% in its first week of trading on the nasdaq. we have more on what this means for the country's shadow banking system. >> for china commercial credit, this was a volatile first week that ended on a high note. it's u.s. reception when it launched august 14 was lukewarm with the ipo raising 8.9 million u.s. dollars. it listed at 650 per share at stocks felt two percent on day 1 -- 2% on day one. >> this is the first ipo that has come out under the new leadershp in china and the new leadership is anxious to get off to a wonderful start in the u.s. and the rest of the world to show that chinese companies can be transparent, can grow rapidly, can serve a public good, in this case the public is china, that can also make investors whether they be
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u.s. investors or foreign investors richer. >> the positive reception has surprised a few market watchers because china commercial credit which lends to small companies and farmers in china's province is part of the country's so- called shadow banking system in which lenders operate without regulatory oversight. >> the issue is so far overdone. shadow banking in china is about the equivalent of investment bankers in this country. goldman sachs is like a shadow bank. not every shadow bank is a bad tank. >> china commercial credit is only the second chinese stock to list in the u.s. so far this year. after accusations of improper accounting by some chinese companies last year provoked many u.s. investors to pull out of chinese stocks and likewise spurred many chinese firms to pull out of the u.s. stock market. china commercial credit may be a stock to watch thanks to company -- the company chairman listing
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on -- the company chairman. his bank is the first chinese lender to invest in a foreign market. if china commercial credit manages to sustain u.s. investor interest he may defy the odds and get his way. >> we will take a quick break. coming up, u.s. stock markets continue their losing streak as investors react to the minutes of the federal reserve's latest house emitting. -- policy meeting. eurozone leaders are contemplating yet another bailout for one of the region's most troubled economies. stay tuned for details.
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x welcome back to "biz asia america." the dell having its longest slump of the year. it was not a good day for the markets. the nasdaq and s&p slid as well. the minutes of the latest meeting from the federal reserve committee basically said and told investors that if the market continues to improve, they will plan to end the stimulus program. investors got worried. retail stocks took a beating. also down after disappointing sables -- sales. consumers held back on spending but there was a bright spot. the home-improvement maker beat estimates.
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the central bank says it will inject $1.3 billion into its banking system by buying long- term government bonds. the move is being down the government's burrowing costs overall. the central bank has stepped in in recent days to slow the decline of the country's currency. it has raised the interest rate at which it lends money to other banks and they also put a cap on their daily borrowing limits. the most it not stop the fall of the rupee. it hit another record low against the u.s. dollar. they have raised fears that tightening the credit supply may ultimately hurt growth which is -- has fallen to a decade low. >> the prime minister, finance minister, the governor of the reserve bank of india, and other geysers always seemed confident that the economy is fine. i hope that we do not reach the crisis situation like in 1991 cents the dollar is becoming
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stronger than the repeat daily. this is more like a competition and everyone seems to wait for when the dollar, petrol, and diesel reach the rupee's 100 mark. >> greece may not be getting any more bailout money after all. a day after the german finance minister said the third rescue package was inevitable. german officials downplayed that move. bank officials said there had been no talks with greece on a new bailout. germany's chancellor angela merkel said perhaps there might be a possibility of that but it is still too soon to say. coming up next. much more to come on the big show. we will look at a number of issues that are facing the overall markets. we will talk about what is going to happen if you get sick and
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skyhigh hotel rates. almost all of the approved hotels are moving the goalposts in terms of room rate. charging up to five times the regular prices. that is leading to government fears that those exorbitant prices will hurt the country's tourism industry. the tourism board is raising the pressure on the hotel operators to bring their rates down. staying in brazil, the country's dr.'s program trying to remedy the lack of physicians. not only pushing the her graham in rural areas but also in the poor urban areas. >> patients face long waits foad may come from where services are not available. a campaign is now running my
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calling on doctors to live in remote and poor areas of the country. salaries start at 5000 u.s. dollars a month. roughly four times the national average. foreigners are welcomed if brazilians do not fill the openings. the campaign has angered the medical establishment. unions say that there is a lack of equipment, not doctors. >> sometimes there is not even electro -- electrocardiogram or x-ray equipment. they will not be able to work if they do not have resources create >> official numbers show there are several -- 700 towns without a single doctor. there is a need to hire more professionals.
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there is a clear shortage of medical professionals. resilient as 1.8 doctors per 1000 residents. compared to 3.7 and uruguay and 3.2 in argentina. despite protests, the more doctors program is -- will be permanent and will be given priority to positions regardless of nationality who are willing to treat the poor. >> brazil is one of the world's most popular tourist destinations. it is not just those factors that are boosting numbers. more on the burgeoning medical tourism industry. >> this is one of the most rep ruvell and expensive hospitals in brazil. - reputable and expensive hospitals in brazil. it has been attracting a growing number of foreign patients.
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medical tourism is growing worldwide and brazil wants a bigger chunk of the market. >> health services have been growing a lot throughout the years. hospitals invested a lot in technology so we have some of the best facilities and our part of the world. >> tourists traveling for medical reasons spend between 40 and $60 billion a year. the market is growing around 20%. brazil received about 50,000 medical travelers a year from different parts of the world. mostly from neighboring latin american countries like ecuador, bolivia, and uruguay. mostly for cosmetic surgery. foreign patients who come to brazil for treatment can be roughly divided into two groups. there are those from rich countries, europeans and north americans who come here because medical procedures are cheaper. there are those from the developing nations, from latin america and africa who come to brazil because they can find
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top-quality hospitals for those who can pay. brazil has 25 hospitals accredited by the joint commission international, an organization that certifies the quality of medical services worldwide. são paulo is the most sought after destination. >> we have an occupancy rate between 80% and 100% and eight accredited hospitals of são paulo. this is something that has to be sorted. this health system needs to be expanded if we are to grow. >> brazil is still far from able to provide quality healthcare for most of its people. there is another reminder of the stark income inequality. brazil has become up popular estimation for wealthy foreigners looking for good medical services. >> for further examination on the whys of medical tourism, we are joined by joseph woodman.
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the ceo of patients beyond orders. >> thanks for having me. >> is medical tourism a sleigh for elective or cosmetic procedures or is it for patients looking for superior medical treatment that may not be available in their home locations? pre-k'>> that is a good questiod the answer is yes to both of them. it depends on where you live. if you are in the united states where we have priced ourselves out of the -- so many people have been priced out of the healthcare market, especially if you are uninsured or underinsured to my you're going to be seeking value in other accredited care for 40 or 60 or 90% discounts from what they would receive in the united states. if you are from a country that has very little care, whether it be russia or angola or even
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china in some cases, you are going to be traveling to get access to quality care that is available in your country. >> what are the top destinations for medical tourism and what procedures do those areas specialize in? fa>> again it depends on your condition, as a patient, on your travel ability, on your appetite, on your budget. as far as the american patient goes, mexico has become jci- accr eight hospitals. that is a great option for dentistry and cosmetic surgery but also orthopedic's. india for the value traveler is well-known and they they have established a lot of great hospitals.
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malaysia is a real gem. fully english speaker for the chinese-american heading across berger -- borders. taiwan offers over 100 hospitals catering to the international patient. >> what are some of the risks associated with traveling to get your treatment, be it elective for essential? >> every patient that travels for care needs to be informed. there is just -- like in the united states, there is a broad range of hospitals. there are some clinics where you have to bring your own bandages to get care. there is a very select few hospitals and that is what we have done with patients beyond orders is vetted those hospitals as supplied them information about accreditation, dr. certification, facility accreditation.
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there is the largest accreditation organization in the world that has accredited over 500 hospitals internationally where 10 years ago only a handful, 25 existed. there is a lot of choice out there. >> some countries combine the tourism and the surgery. you have surgery safaris where you get your treatment combined with the safari like in south africa. how is this and other destinations? >> it is prevalent mostly in the media. most people -- we do not encourage medical tourism in that sense. we feel that a medical trip is more like a business trip, where you are there for a purpose. especially in south africa where you have a lot of one to management. the first thing a cosmetic surgeon will tell you is that not supposed to get out into the sun. it takes 10 days to recover from any significant cosmetic
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surgery. the answer is we do not like to -- we like to see patients had to their destination, take care of their surgery, take care of themselves, pocket the savings, come home and recover, check out the 400 e-mail in their inbox and take a family occasion after they are recovered. >> get healthy first and vacation later. we'll have to leave it there. thank you so much, joseph woodman, ceo of doctors without -- patients without borders. >> we again with the corruption trial of the former communist party leader. the trail is now underway. he entered the courtroom 30 minutes ago and he arrived under heavy security. his trial is being reported on by chinese social media. 100 people are present including five of his relatives and 19 journalists.
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he faces charges of bribery, corruption, and abuse of power. many consider this to be the biggest in this generation. this is one of the party's top leaders before the scandal hit. >> the tail of his fall from grace involves graphs, sex, murder, and put a call intrigue. what made him a global headline was his former prominence in chinese politics. as the son of one of china's highest-ranking party leaders, bush eli -- go bo shi li was a prince. he transformed the city into a popular investment and tourist destination. he became governor and party chief.
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he for moving to beijing as minister of commerce in 2004. his departure from southwest china, far from beijing's quarters of power, was not an obvious move. for a politician whose pursuit of higher office earned him a reputation for supper motion if not arrogance. his populism won him favor in some circles, disfavor and others. in march 2012, china's central authorities removed him from office for abusing his powers. his abuses would only be revealed later when his hand- picked police chief fled to the u.s. consulate in nearby chendu. he revealed that lai's wife
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had plotted the murder of a british businessman for which he was later convicted. having built a reputation as a crime buster, he became a symbol of the corruption that china's communist party had pledged to eradicate. after his expulsion from the party in september 2012, he disappeared from sight until this trial. >> this trial is making headlines around the world. it is also a showcase for the chinese government posted termination to see through its anticorruption campaign. the former rising political star goes on trial thursday in the people's intermediate court. the public has been following the case with great interest. >> i think he should be punished according to law. >> the open trial shows the determination of the leadership to end corruption at all levels.
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>> he was expelled from the party following the conviction of his wife in the murder of a british businessman. he now faces three major charges, bribery, embezzlement, and abuse of power. one political expert explained the role of the open trial in china's anticorruption campaign. >> the trial sends a very positive signal to society. the scandal should give leaders at all levels especially those that are high level of strong warning that powers are given by the people rather than their backgrounds. >> the president who is also the general secretary has warmed -- warned that corruption threatens the party's survival. he has vowed to fight it at every level or from the tigers to the flies, as he put it. the central leadership has taken steps to 11 eight government
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practices as well as supervision and punishment. among the tigers punished, the former railway minister. former secretary of national energy, and the former deputy -- deputy party secretary. decades of economic growth have wrought huge benefits to china but growing revelations of corrupt officials leave many feeling that if you are profiting at the public's expense. the case is a test of the new government which wants to bring about fundamental change. with the open trial, public expectations have been raised on the new measures the government is taking to curb corruption. they hope to see more convincing signs of change down the determination to fight corruption among some of the most powerful in china.
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>> a judge sentenced the army private on wednesday. m spelman joins us with the latest. the legal wrangling is far from over. >> an appeal is planned and that is automatic. his supporters call him a hero but bradley manning learned the price you will pay for leaking classified u.s. documents -- he will pay for leaking classified u.s. documents. >> the sentence for bradley manning, 35 years in a military brig. >> to have ended up where he did, acquitted of the most serious charge and sentenced to 35 years which in military terms will work out to be something more like eight or nine years depending on when he is granted parole. that is a pretty positive outcome for private manning. >> he faces a reduction to the lowest rank in the u.s. army, loss of pay, and a dishonorable discharge.
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do you think he deserves this? >> he was a hero. >> he served in iraq when he released 700,000 classified documents and this video of a u.s. helicopter strike that killed 11 to anti-secrecy group leaky leaks -- wikileaks. writing in a statement, the re should be a commitment to investigating the wrongdoings. supporters were encouraged to sign up attention to grant clemency but that effort is not likely to succeed. he claimed he never intended to hurt the u.s. but wanted to shine a light on what he considered to be u.s. war atrocities. >> we need whistleblowers like
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bradley manning. people who are not afraid to stand up and speak the truth. and to risk their freedom for the ability to keep us informed. >> the sentence, though relatively light, could still act as a current, making it clear that the obama administration will not hesitate to aggressively prosecute leakers. >> the sentence will mean a more years in prison. he will be eligible for -- for parole after serving one third of his sentence and will see -- receive credit for time served and when he was mistreated. >> the case has divided the country. some see him as a hero and some see him as a traitor. it seems like this case to put it lightly, hero or traitor in this case showed a deeply
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troubled young man who was calling out for help in many instances and a military that was tone deaf to that in many respects. how do you see this case? >> i think that was what the forward. this was a case about mitigating factors. he confessed to downloading and sharing the materials. he put forth this defense, i was confused and had some gender identity issues. it sort of put that forward as a way to get the sentence to be lower. i do not know if the confused like that in the military makes your hero. nor do i know yet if radley manning is a hero. -- radley manning is a hero. i am thankful for what he did. he shed light on some pretty horrific practices and helped bring about the end of those practices but he did commit a crime and a series of crimes and he has yet to substantially pay
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for those crimes. >> you're talking about criminal acts. anyone who looks at that video that he released, this argument that there were war crimes committed there, that is a pretty stiff charge and yet when you look at it, these are innocent civilians. journalists from reuters create and yet these people have not been brought to justice either. >> that is incredibly unfair and frustrating and our system of justice is apparently unfair. sometimes the wrong people get prosecuted and sometimes you have people who should get prosecutors and gore not. -- prosecuted and some who are not. these individuals were not charged. that is a separate inquiry. what manning did was knowingly take information, gather a tremendous amount of information, 700,000 documents and records, dos years on
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detainees -- dossiers on detainees and shared it. so i do think it is criminal conduct and there has to be an answer for it. i am glad that it happened and what it helped to bring about. >> for those watching, the military justice system is different than the type of environment you're in in. in terms of an appeals process, what is likely to happen now, what are the next steps, and how likely will it have any outcome in his favor? pre-k's he immediately gets to request clemency. trying to have the sentence itself reduced. there is an automatic appeal that will start. there is always the possibility of a pardon later on down the line.
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i cannot see the appellate court overturning this especially when he admitted early on this is not a case about factual innocence. it was about mitigation and i do not think we will see a sentence reduction. i do not think there is a change in the outcome. >> the system itself, given the fact we have touched on the fact these are the people have not been brought to justice. is it likely that the military might take a look at itself and say maybe we need to look at things, or is it likely to stay the same way? pre-k's i am a little jaded. my fingers are crossed and i am hopeful that our military will take a more severe look at its past conduct and stop hiding its conduct in the fashion it has and making people take these extreme and yet dangerous measures to reveal it. i am an avid supporter of the center for constitutional rights. i do not stand with them on the
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bradley manning issue but as they is drawing -- as they explore these issues, i do hope, -- that we begin to see more accountability. i have not seen any and 13 or 14 years and it will be a long way off. >> i started this by talking about this concept and in the community you are in, i am sure this has been something that has been discussed quite a bit. how your field on this issue? >> most terminal defense attorneys i know tend to be more liberal bent and they do perceive him as a hero. just for disseminating the information. some are like me, more centrist and we think in order for someone to be labeled like that, they need to have some postconviction punishment. civil practitioners are
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terrified that this amount of information which had some compromising information about american forces was disseminated at this level and they do not think 35 years was a sufficient sentence. pretty much along party lines. >> thank you for joining us. we appreciate it. for me and about the u.s. national security agency and its surveillance program. the obama administration has did -- declassified decisions. the court decision showed the spy agency misrepresented the scope of its collection. one judicial opinion from 2011 shows the nsa was given illegally -- was illegally gathering data. the agency admitted it made some mistakes. they could not separate out information that was entirely domestic. a rare interview with the president of nicaragua might daniel ortega. syria rebels claim the government has keeled -- killed discords of -- scores of people.
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>> now for the latest on syria. opposition groups are accusing government forces of gassing hundreds near damascus. they say they fired rockets that released the deadly fumes. video shows bodies, allegedly victims of a massive chemical attack. the un security council has been holding an emergency meeting to discuss this latest attack. reporting from the u.n.. some of the following images may be distressing. >> this represents no matter what the conclusions are a serious escalation with grave consequences. >> strong words from a top u.n. official prompted a disturbing but unverified pictures like
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these trade after the close door session, and the deputy secretary said he hoped the weapons team on the ground could launch an investigation trade >> we hope they would be given access to the area by the government. and also the security situation will allow them to enter the area. it is a very dramatic situation. the security situation does not allow such access. >> security council members stop short of issuing a more formal press statement and demanding an investigation, issuing a brief summary delivered by the council's president. >> the members of the security council also welcomed the determination of the secretary- general to ensure a thorough, impartial, and prompt
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investigation. >> a spokesman for secretary -- they secretary-general said the team was in discussions with the syrian government about the latest incident. >> the secretary-general will ensure investigation of the incidents that are brought to his attention. >> u.n. chemical weapons inspectors arrived on sunday but they are so far only charged with discovering if chemical agents were used, not who use them. >> the prime minister has ordered that former egyptian president hosni mubarak be put in prison. education court announced the
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release earlier wednesday. his lawyers say he could be released from prison as soon as thursday. he still faces other charges that could put him back behind bars. his release would almost certainly anger supporters of moderate morsi. they claimed that a military coup last month was a step toward bringing back the old regime. turning now to the americas, two young women are charged with trying to smuggle cocaine worth more than $2 million out of peru. the case has created a media firestorm. >> they are young, attractive, and from so-called good families. when peruvian police found more than 11 kilos of cocaine in their suitcases, melissa reed and michaela mccullen became criminals. they are of far cry from the holiday snaps seen in the british tabloid press. we saw them on the spanish party island weeks before.
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>> the accused, the crime is drug trafficking. promoting or carrying out illicit drug trafficking. >> 250 suspected drug traffickers were molested -- arrested in the lima airport last year. these type of arrests are routine but the media attention around these fish 20-year-olds -- british-year-olds has been unprecedented. it is unusual to see a big media presence. it is more unusual at the daily drama of two drug mules has been played out in front of an international audience. internathe audience at -- the ss been making headlines in britain and the island for two weeks now. high profile cases attract high- profile lawyers. peter madden who represented
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irate members is defending one of the women. >> i visited both girls last night. very concerned about the poor conditions they have been held in. their main concern at the moment is they may be separated. >> apart from their less than ideal prisons, the story highlights the epidemic of drug mules in the country's jails. and more of them are europeans created bound for the world's b bigges cocaine market. -- more of them are europeans, bound for the world against cocaine market. >> he rarely speaks to the media but he steered his -- s hared his story. >> daniel ortega.
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he ha >> i remember as a child of eight or nine playing baseball in the street and the police arrived in their van, grabbed two of her they could, beat them, and took them away as prisoners. that forged me a rebellious spirit. the spirit will, in some way. it came out in the revolutionary struggle. >> in 1979, the sandinistas toppled somoza. they quickly began mass literacy programs and redistribution of land. ortega emerged as president. the coalition would not last and civil war engulfed the country. when the dust finally settled in
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1990, the sandinistas declared re-presidential elections. ortega lost and began 16 years in opposition. this is where daniel ortega likes to position himself, beside leaders hugo chavez and fidel castro. they are gone from power while he is changed. he became a catholic, passing a stringent antiabortion law in return for the church's support. in 2007 he allied with rightists over opponents to regain the presidency. he has held it ever since. despite widespread criticism of unfair elections. under his combination of social programs and free-market policies, the economy has grown substantially. the long-term opponent of capitalism says nicaragua has to be pragmatic. >> we are making progress toward
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socialism. in what time frame, i could not say. we are building our programs and projects based on what our socioeconomic reality is. we are calling for foreign investment. there are a range of projects whose potential is clear to see. we have to go to the [indiscernible] rex investors keep coming, partly because nicaragua has mostly escaped the drug trafficking and violence that have rocked much of the region. but as his presidency has gone on, his family members have taken up positions of power. many of those who fought with him say he has turned into what he wants struggled against. >> the ortega of today is authoritarian, a dictator. he has robbed elections when he has got a machine of power for
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his family and he is collecting enormous private wealth. basically he is identical to the dictator somoza. >> at 67, the man himself says he has no thoughts of stepping down. >> the only thing that could stop me his death. or incapacitation. that is why i say as long as god keeps me alive and healthy i will be fighting for the people. >> the reassuring message to his many supporters and a warning for those who fear his increasing grip on power. >> i spoke with a man who knows ortega well. he was the u.s. ambassador to nicaragua in the 1990s. we had a wide-ranging conversation. we talked about ortega the man and how his leadership has changed over the years. >> he has the revolutionary legitimacy of having fought against somoza. he came to our along with the
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sandinista movement in 1979 and they rolled for 11 years. in that time, a percentage of the population benefited from his measures and what they did. nicaragua is a country that is divided into pro- and anti- sandinista lines. the percentage that and if it from him kobe loyal. the opposition has been divided. >> you have watched the region for a long time. has he changed westmark >> he has changed his model for governing. he is a lot more open to foreign investment. he has maintained the free trade agreement with the united states which many thought he might renege on.
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he has kept the private sector pretty happy. politically some of the same tactics are being used. whenever the opposition has a rally or a political meeting, there are always counter demonstrations organized by his people. some of the elections have not been very free and fair. pre-k's he had a very dynamic relationship with hugo chavez. you sense that that relationship may change. what are your thoughts on that? >> the new president has said he will maintain a. venezuela has not had a better ally in the region than nicaragua. the situation is more tenuous than chavez's was.
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>> thflooding takes a heavy toll in northwest china. stay with us. x 21 people are dead and three missing after severe rainstorms triggered flooding in northwest china. the floods wrecked a construction camp, sweeping away some of the workers. the chinese premier has called for "persistent efforts to save people from what is being described as the worst flooding the country has seen in decades." in the wake of the latest leak of radioactive water from the fukushima nuclear plant, the nuclear elation authority proposes to raise its nuclear threat level. it is considering changing the level from level one to level three which is considerd a serious incident. 300 tons of highly radioactive water have leaked from the storage tank.
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it is the worst of five leakage incidents tons last year. the murder of an indian doctor who spoke out against superstition is sparking outrage in india. hundreds of demonstrators marched in the southwestern city on wednesday to protest the killing. police are searching for two men suspected of gunning down the doctor. he had traveled throughout the region lecturing against what manner -- black magic and religious extremism. he received death threats for years. that is a look at world news. back to you. >> we are heading over to asia for a check on the markets. investors are digesting the latest economic data. >> we are seeing a recovery here. china flash manufacturing pmi
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strengthened in august, hitting a four-month high. export orders have also rebounded. the index is back above 50. that is the threshold that divides it -- an expanding economy from my contracting one. -- from a contracting one. there were hit why a trading glitch that triggered billions of dollars of buying orders. ever bright securities continued their decline by 2.8%. following the china flash pmi data, the hang seng index in hong kong is expending losses from a two week low. those in shanghai are up slightly by .25 of 1%. enter china reports earnings shortly. there are likely to post a slightly higher second-quarter profit as improved profitability at its business offset lower international crude prices.
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a turnaround for zte corp. they expect to be back in the black in the third quarter. it said cost-cutting measures help stem further losses. zte drag down last year by unprofitable project and low- margin contracts. shares trading up 1.25% . investor sentiment is mixed following the minutes from the m eeting. suffering the weakest close. shares are down after rebounding from a seven-week low. >> here is interesting way to spend an evening. guests are spending big bucks to sleep outside. for $2000 a night they can "g
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