markets finance canada. find out what's really happening to the global economy with months because there are no holds barred look at the global financial headlines tune in to kaiser report on our key. how can they learn to show the real headlines with none of the mersey parking lot in washington d.c. now the u.s. cop kicked off a two day summit today with china we're going to tell you who was there the topics up or discussion and will determine if the tensions between these two countries can be interpreted as healthy competition or potential threat then there after the aftereffects of bin laden's death fresh rounds of drone strikes in pakistan and yemen and talk of a no ride list on u.s. trains so even supposing good news on the war on terror well anything then

thousands gathered in mexico city to protest the massive violence from drug gangs which have played their country and although nearly forty thousand people have died from the violence we want to know why doesn't the obama administration treat the war across our border as a bigger problem i'll discuss all that plus we'll have our happy hour segment on tonight's show but for now let's move on to our top story. today the u.s. and china kicked off the strategic and economic dialogue summit where the two global forces met to discuss everything from the economy to military budgets and despite discussing highly contentious issues the two powers did manage to keep a friendly atmosphere whether it was genuine or not archies christine present has more. they say you should keep your friends close. and your enemies closer and as far as where china fits perceptions continue to evolve at this year's u.s. china strategic economic dialogue an attempt by officials from both the u.s.

and china that friendship we each recognize that our ability to work together. and. friends the people of china the united states in the same global village. on the west side we. the purpose to open communication on concerns like the debt ceiling in the u.s. and the rate of currency appreciation in china and joint concerns about the. aren't we both have a great state in car being climate change and charting a clean and secure energy future currently china is the second highest producer in the world of renewable energy technology the u.s. ranks seventeenth the overriding thing for day one of the us china strategic and economic dialogue which will respect and understanding just because there is competition doesn't mean there can't be cooperation competition is not bad

competition and it's healthy is good. this is the reason why i've held the view for so many years and continue to hold the view that a rising china is a positive development it's a far cry from the dialogue of recent times where top decision makers in the us have been told that an increased power means an increased threat one that will eventually need to be dealt with by war and the way to avoid this war i believe is going to require and we're going to be able to get away from it in any case some kind of arms race with china but china is going to keep building and improving its capability each year the pentagon comes out with this report military and security developments involving the people's republic of china the findings often use to intensify military spending we are now looking at a power in the western pacific that can stand up to us if if there's a problem in response military spending is now more than the rest of the world

combined six times more than china. as a result u.s. debt has ballooned to more than fourteen trillion dollars much of that debt is owned by china it's at a time when many of the country's neighborhoods look like this and urban areas like this still for sun including the mainstream media the military is often the first priority when it comes to spending beijing is rapidly modernizing its strategic nuclear forces band developing space weaponry china is developing ten varieties of ballistic missiles some of which will be able to strike the continental united states but critics say the threat from china is not the people's liberation army the threat from china is it's growing economic might like every economist you talk to in washington our days is saying the new one soon is going to be. the actual currency of the world maybe by two thousand and twenty so the economic policy of

washington should lead and not the pentagon so. friend or foe this day top leaders here are on all fronts with building mutual trust and respect will help us to solve shared problems but that view may change again when it comes time to play defense secure more money and more power for the military in washington christine freeze out. in two thousand and six the first twenty two can economic dialogue between china and the us was purely economic with treasury and central bank leaders and attendants but this year for the first time military leaders from both china and the u.s. are also taking part in the side of both the expanding areas of cooperation and tension between the two countries while the global economic balance is in everyone's interests you have to wonder if a failing world power can ever really be friends with the one that's going to overtake it earlier i caught up in lawrence korb senior fellow at the center for

american progress and i first asked him how significant it was that for the first time really for the first time military leaders would be there. well i think it is significant because she chose the fact that china. these are increasingly their military playing a more important world in charge of the solution basically but we want to ensure that they are below tarried our military understand each other so we don't have an accident that could inflame tensions but how much do we really understand their military right now as to what's out there will say that we spend six times more than china does on our military power but do we really know are there any real figures out there as to how much we think this is our figures are transparent the chinese are a lot because they don't have an open with congressional hearings you also have the issue of how do you compare for example we pay our soldiers and sailors are going to breed much more than they paid members of the p.l.o. way so we don't know so well basically you can do is what we call purchase power power of eighty and it's about three to one rather than six to one do you think

that we're going to start seeing that. used perhaps the lack of transparency from the chinese as an excuse there are plenty of pundits and politicians out there that are pretty hawkish and i guess we have to hope that eventually one of these days the war on terror might die down course recommending a new enemy so do you think that china is inevitably going to be that next target. for some it will be because people want to maintain high levels of military spending for lots of reasons and then you have to say well what do you need for there you can see a world war china is becoming increasingly its power for example this year they trust it was still a fair career for people with submarines with soviet for we have to build it off just in case so you know people will try and do that but i think you have to put it in perspective because this is not a great power why we like you have between you and i was states in the soviet union ok the soviet union never going to the smaller foreseeable and we never bought really a soviet or russian good to both of us are

a lot through this economic situation which i like to called mutual assured beef pressure but it was a pretty bold way and we can't buy it if we can't get that hurts the economy and of course they are what do we need to keep to control their populations and of course that's one of the things that and it's being brought up in this forum as well as the currency at manipulation we also know here about the u.s. debt limit which is very worrying to the chinese right now do you think that we've also served as a perfect example that for example china we know is investing heavily in its infrastructure in green technologies while we've been waging war all over the world for the last ten years that we showed and you know been the perfect example of what not to do you go to the no doubt about it we've overreacted to your branch with more of a level because not only do you agree you know great true or false will but those will climb trees but we increase our baseline a regular defense budget we will be global thought there was no reason for that and we didn't raise taxes to pay for the war so now we have we try to deal with it and

we do two or. rebuild our infrastructure we're still living off a lot of us which we made in the height of hell that we should we have a system or the education system where we give the secu so we need to really really do that we want to compete own the global stage now you mentioned earlier of course that we saw that china had built its own stealth aircraft right now there's a lot of talk because after the the raid that killed osama bin laden pakistan last week and there was also a stealth u.s. helicopter that's been making a lot of news that a lot of people can see before and so we're hearing concerns that now this is something that's a secret that's been exposed to the world especially the chinese do you think that they're rushing to build their own no i don't think so one of the great ironies one of the reasons we try and use we're able to build it is because we had a filthier career for it was shot down nine hundred ninety nine during the war in kosovo and we try and he's got that trip which are unable to build that will that

we should overreact or the chinese will build it's always trying to use or build a missile so we join these are so weak so i think we should keep the superstructure the chinese would be very helpful of course north korea is very helpful in libya they could have veto that resolution had they gone that we would be able to send military force in there but do you think that there's always going to be a sense. of tension as you mentioned there's this mutual depression because we're so tied now extra extra when it comes to our finances but at the same time you see now the u.s. which is currently the largest economy in the world the superpower of the world which is in its waning days you could say the chinese might be on their way out there is so is there inevitably always going to be this type of tension that is unresolvable because we're calling it your rising we're not supposed to like again you've got to realize that foreign policy is not all problems get solved we have to be much and yes china is increasingly we are in

a situation where we're going to have from a choice and if we get our economic house in order i think. you know we saw our power but relatively things were changing when the cold war ended the united states was the only superpower the very good choice of india as a resurgent russia for the world is changing we need to adjust to it and if we do it right the world will be much better for us and try not afraid of an india that's a rising power where i think there is a lot more fear about a china that's a rising power china is democratic where i think the obviously there is a concern there is tensions over some of the islands that they are that their client may have a point i think if you put it into perspective we're the ones who helped china because if we wanted to try it in the eighty's to get them to turn against the soviet union we gave off a lot of assistance by myself but a delegation of bigger nineteen eighty-four to help the chinese military but i see a logistics system so i think you have to put that into a push profits and not over react very quickly at this forum i guess

a lot of people are assuming there won't be any strong a break is that we see but do you think the domestic politics plays a right large role in that because president obama is up for reelection we know that which is how it's going to retire in two thousand and twelve is there you know a kind of resistance to make any type of an agreement because the political future as i know you there's no agreements to be made we need to get our economic house in order they need to do something about their currency we need to keep these issues on the on the table but i mean it's good that we talked i think that's the important thing but are you going to resolve things you know but at least there's an understanding you'd be going through with directions to try nice have a lot you know you drive your car and see you a little bit i think that's a step in the right direction i learned so i thank you very much for joining us today thank you for helping. still to come tonight one week after the death of osama bin laden messing around getting me into the war on terror artie's re-import nine looks at the real costs of finding and killing and also look at new signs new

measure is being proposed that threatens your civil river. it's all the name of the king the face of the i phone. let's get the we head in the park right. on the lead. we haven't got the chance to see the safe get ready because the freedom. hi guys welcome to sharon's tell me on a show we've heard our guests have to say on the topic now i want to hear our

audience has gone to you tube to video response part of twitter first part of the questions that we've posted on you tube every monday and on thursday to show your responses to the local. get some closure see the story of the scene so you think you understand it and then you glimpse something else here's some other part of it and realized everything you thought you knew you don't charge the big picture.

the death of osama bin laden mark a major milestone in the u.s. war on terror that least symbolically crowd cheered and called the closure while the face of terror may be gone the war definitely is and so what do americans that really have that here for our team is very important i look for some answers. this celebration was impromptu and palpable. but you believe stretching from new york. to the naval academy heard inside sports arena as the crowd was chanting usa and exploding outside the white house it's wild party. it was neither the wild crowd reflecting something of

a world cup victory was cheering on the assassination of public enemy number one nine eleven mastermind osama bin laden an american killing that inspired many mainstream media outlets to abandon objectivity and rejoice i had a sweet. case to evade i'm glad he's ready to go which is exactly where i think he is this morning he told supporters i'm mortal this is the greatest night of my career at some point the unbridled euphoria over the death of a mass murderer cornered fancy. yet for many others this american way is nothing worth flaunting him it is this sort of blood and blood lust that we saw as people were chanting usa usa and so braiding all it's through the head of another human being the reported price of

killing this human being has bled america's economy according to the national journal the us spends three trillion dollars over fifteen years to nab their man in the interim critics say the war on terror has cost the u.s. its reputation let's remember that the people of iraq had to endure endure an invasion of their country killing hundreds of thousands of people that had nothing to do with al qaida a government that had nothing to do with osama bin laden but at the end of the day i mean justice is in the eye of the beholder in this case u.s. justice better reflecting and eye for an eye mentality this is bigger than the moon landing ironically america's triumph of putting a man in space marked its fiftieth year anniversary may fifth a moment largely overlooked during the bin laden frenzy alan shepard spaceflight promoted america the great america the positive america the beacon today a different side of america is on display we have over six thousand u.s.

service people who have been killed tens of thousands injured we have hundreds of thousands of civilians murdered around the world you know torture has become a part of us foreign policy and the idea of celebrating. because war. doesn't seem rational or right all the touted face of terrorism has been a limiting officials warned that terrorist threats to the u.s. have grown significantly worse in the decade this family and friends of the nearly three thousand nine eleven victims deal with it for a lot of the staff and all americans are you believe little else to celebrate. for not artsy. on friday we reported to you that the u.s. had resumed drone strikes in pakistan and launched a drone strike in yemen for the first time in nine years and it turns out that that strike in yemen was meant to take out u.s.

born on more of a law even further proof that laws due process justice have been thrown out the window in times of war and that the obama administration has turned into one of the worst offenders of the war on terror isn't only ramping up overseas lawmakers here at home are already asking for increased security measures after information have come out that within the files seized in bin laden's compound plans for an attack on u.s. rail systems have at some point been discussed senator schumer immediately proposed a no ride list for trains as if the no fly list in airports has been working so damn well so despite bin laden's death well the war on terror really keep on rolling just grow bigger with each passing day joining me to discuss this is marcy wheeler blogger firedoglake marci thanks so much for joining us tonight i want to first start with you here we knew obviously that he was on an assassination list from the obama administration but you know they definitely did publicize that when they launched a drone strike in yemen on friday that's the man they were trying to get i think it

was a pretty bold move and i think it's safe to say that it would have been a much bigger deal how they actually assassinated this american citizens or do you think they were just trying to roll it in and hope that everyone so busy talking about bin ladin that it would have gone by unnoticed. well i think i think we're really trying to get him i mean we know that he's been on a kill list sons at least some are planning on whether you're talking about the james top kill list of the cia killers so they've been trying to go out for some time and i think some people suspect that there might be information from obama some of the compound that to try and go after him so. you know i'm not surprised i don't think they are other thing that the obama administration did which hasn't gotten a lot of press is trying to kill it off it would have been on the same day that you went after osama bin laden he got his son angry and it's slow him down it's also a dubiously you know so we've got drone strikes going off on multiple continents.

you know it's kind of i mean it's scary to think that at the same time like you said we have these targeted assassination attempts going on on multiple continents that's. definitely questionable in terms of legality but just think about it if the u.s. president can unilaterally decide to assassinate an american citizen now if i go back to a lot of these case then why can't he do it is not set a very dangerous precedent. yeah i have been consistently disappointed with people particularly on the left who i think want to give obama as much leeway as they can not not understanding what a line in the sand that says you know i understand that they say they have a lot of evidence against anwar a lot of prisoners we know they have gone and you can share that with the judge you know they came to us and said they came to the american people and said we've got to kill warrant from a judge it would be still terrible marginally different at this point the executive

branch is just telling us well we've decided he's a bad man but we don't have to share our evidence with anybody and this is after a decade of having bad evidence about terrorism or terrorist after terrorists so it's only through a process of double checking of somebody challenging the evidence you have where we discover that a lot of the cases made me you know just don't hold up so we don't know about a lot of him but we do know he's an american citizen we do know they're trying to get him we do know that even refuses to explain to the american people what legal basis aside from the president just approving this has to do you think this solidifies even more to that this is what president obama wants to do you know a lot of people could have argued that before he was didn't want to look soft on terror right especially for a lot of centrists or to the right wing but now he's achieved killing osama bin laden a lot of people say that that even makes him unbeatable so he doesn't have to continue

drone strikes he doesn't have to go after. does that give you the impression that he wants to. well he also doesn't have to stay in afghanistan. this should give him the opportunity to get out of afghanistan which is just a sink hole for our money we're not doing any good there. is not an afghanistan there in pakistan and we can send in the seals you know that successful apparently have better better luck not entirely but we may have better luck with that and drone strikes so we know we have other ways to fight this war yet we are still dumping billions of dollars and afghanistan well you know we're broke at home so yeah i mean i think that's what obama wants to do but we know that i mean you know one campaign he promised is that if you found out where osama bin laden one is supposed to go after a campaign promise delivered you know a lot of the other ones went somewhere else but that one you weren't so let's

switch very quickly to what's happening here on the domestic front that has her she where despite the fact that they just cut fifty million dollars from rail and port security in the last budget suddenly i guess now we have the money again as senator schumer has decided to propose once again he's done this in the past but i guess that osama bin laden's death. of course some information that might have been gathered from his compound always serves as a good excuse now he wants to know to write a list for trains i mean the no fly list a bit of a failure so far you have little kids that have been on the no fly list at the same time people like i'm sure a bomber got out scot free why is it all right left and right. well not only is it not a good idea it's not a workable idea but what he's responding to what schumer is responding to his intelligence found osama bin laden's compound saying that they wanted to derail trains not that they wanted to comp trends like the madrid bombing which was spectacularly successful and also to i don't know that they want to derail trains now i mean first of all my understanding of what they were planning to do was to

reel them from off of the train so if you're spending all this money and focus on the people who are on the train and ignoring the people who are off the train you're just mr chair but the other thing is we know that it was not in the works it was something they were kind of hey here's an idea what do you think would work and then the thing that really gets me is we're talking about train derailments train derailments talking all the time one happened in in oregon the other day it was big you know volatile chemicals etc they happen all the time because our rail stop as you said i mean our real stuff is not being funded the way needs to be and as a result we just have accidents all the time we don't need terrorists to have these accidents we have them on our own because we're not besting in our infrastructure and if you talk to real counterterrorist experts one of the things they say you need to do is really make your own society more resilient and you do that not by having checks the government by getting on the train but mean by making sure your

real lines are are being maintained properly and that's what we're not i guess the other side of where our priorities lie and where the government has decided to throw money at even when we're supposedly broke marcy want to thank you very much for joining us tonight thanks for having me. f.a. marks a historic day in russia's history victory day as the day the nazi germany conceded and then soviet union on may ninth nine hundred forty five and although the battle took place sixty six years ago the physical and emotional impact of victory day remains artie's tom burton has more. right back from the past this old soviet like tankers lay under the mud for sixty eight years it proved too late to stop the nazi invaders reaching the city of stunning ground bunkers going to tank drivers called the mass grave it's almost sort of thin it could be pierced by machine gun bullets it was part of the soviet armies which by all to the one nine hundred forty two were desperately trying to protect stalin city on both of them

a vast axis offensive the author was an eighteen year old cadet as the germans closed in he was read stalin's infamous order not to retreat one step back whatever the cost. in our first combat we were bombs in our offices and were killed that was our baptism of fire. over the next six months the bomb and determination of soviet soldiers safe the city and trap the invading germans and encirclement which destroyed hitler's biggest army since that great victory much as changed stalin grab changed its name to volgograd the soviet union itself collapsed and those who remember the battle and now all. but when it comes to monuments belgrade made sure the heroism of the moment was set in stone. were going up you have to be careful here this is the most dangerous serious we could be inside a military bunker the metal and concrete certainly make it look like one that we

emerged to a panoramic view of the city of volgograd thought at least we just popped out of the head of the city's iconic mother russia statue in some ways this statue was a metaphor for the war itself a rough and ready construction as. practical as the soviet soldiers who fought here a strength as defined as the soviet army to the banks of the volga. size as vast as the battle that raged around here for many more were mind is abound which are a lot less stylized and a lot more poignant these soldiers weren't buried in solemn ceremony they lie where they felt unseen till now these teams of volunteers have been researching in excavating the battle site for years it was. a close relative so soldiers are getting very old themselves the documents we find will decompose we don't dig them up the quicker we do with the better for both the historians and the soldiers well

if. they want to try and recall the human stories of the stalingrad battle which claimed as many as two million lives many generals say the war isn't over until the allies bite it was very that's the moto of every surge group so they reckon there are enough bullets and bones left for even his grandchildren to find the terror and tragedy of these ultimate sacrifice has yet to be revealed this vehicle is one of the more concrete reminders of what happened here sixty eight years ago but what they really digging up isn't just metal and gunpowder it's memories it's an artsy region. still to come tonight i'll be here in a bush white house calls out president obama port chester county after the death of osama bin laden we turn the tables on andrew card its nitrile final segment and then calling for change in drug policy in mexico thousands protesting manning the government change their strategy when it comes to the one drop the hurricanes in the mexican drug.