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tv   Newsline  WHUT  June 20, 2012 7:30am-8:00am EDT

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the eurozone dilemma. the heads of the world's strongest economies, urge european leaders to take all necessary steps to tackle the debt crisis. g-20 leaders have spent the last two days hold up in a resort town in mexico, trying to find a way forward in the crisis over european debt. they wrapped up their summit in los cabos calling for protections around t world. >> translator: we have achieved an agreement to solve issues relating to the global economy. >> the g-20 members say europe's debt crisis is affecting the economies of advanced and
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emerging countries. they say it will take a concentrated effort to recover the global economy. the leaders endorsed a eurozone plan to supervise banks and shut down failed institutions. they asked officials in the zone to take immediate action to halt the spread of the crisis and maintain unity. european leaders must stop using public funds to bail out banks. g-20 leaders asked greek politicians to keep the country at a single currency zone and work with other member states to reveal their finances. eurozone leaders must refocus on economic growth to rebuild fair economies. leaders from the g-20 and the eurozone have wrestled with these challenges for years. u.s. president barack obama admit there is is no silver bullet. now more from los cabos. >> reporter: the agreement
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between g-20 leaders contains stronger language than usual. i think it's a step forward that all g-20 members agreed to work together to contain the crisis. >> i'm very pleased thatted european leaders here said they will take all necessary measures to safeguard the integrity of the eurozone. >> the the group had yet to come up with effective measures that can ease the debt burdens right away. the outlook for the world economy is heavily weighed down by the turmoil. spanish commercial banks remain fragile, although greece seems to have avoided the worst case scenar scenario. the eurozone nations said they would consider oversight of its financial sector.
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they also think about consolidating their finances and issuing common bonds to install a stable source for france. the key is germany. the european union will hold its own summit meeting next week to discuss unifying the eurozone. the nations are are expected to ease market jitters. >> and we with spoke to the chief economist at jpmorgan japan. can they agree on what to do? and is the necessary commitment there? >> g-20 asked the european union do restore the financial stability by moving toward establishing the banking union, to integrate the bank division
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and the deposit insurance. this is definitely the right direction to go. but this is not enough. as the economy doesn't seem to be so good. the euro has to pursue two objectives, economic controls. another important situation is when the euro companies agree. there's a bigap between germany and the southern european countries. having said that, i'm optimistic that european union will finally achieve those goals. but the basic question that europe is facing is, how long it will take and how many mini-crisis european union has to go through before they reach the goals. politicians do not seem to be ready to take radical reform. with that, having another down
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shift of the financial markets. >> and that was the chief economist at jpmorgan securities japan. the security council has agreed to keep the monitoring system in syria, this is despite escalating violence in the country. the monitors had suspended their activities as escalate ago tacks made it difficult for them to do their jobs. the council has decided to keep the 300 monitors in syria to resume activities once their safety is secured. chief of the u.n. mission told reporters after the meeting the suffering of the people is getting worse. >> i remain committed with the mission in the positions we are currently in. we're not going anywhere. >> britain's ambassador to the u.n. says the united states and european countries are discussing a resolution on imposing sanctions against syria.
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>> clearly we believe the time has come for the security council to adopt a tough chapter 7 resolution. >> but diplomatic sources say the call for more sanctions was opposed by russia and china on the council. hosni mubarak is on life support at a military hospital in cairo, the former president has been suffering from heart trouble. mubarak ruled egypt for 30 years. demonstrators forced him from power last year in the wake of the arab spring protests. a court in cairo sentenced mubarak to life in prison for ordering security forces to kill protesters. his health deteriorated. the state news agency said mubarak had no pulse when he arriveat a hospital. a military source has denied the reports. mubarak is not debt, a source
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claimed. he went on to become egypt's longest serving president after taking over from anwar sadat. the latest round of talks have ended on tehran's nuclear program without an agreement. western officials urged iran to stop enriching our andian. delegates again asserted the country's right to enrich uranium for peaceful purposes. experts from both sides will meet in istanbul in two weeks to discuss technical matters. >> it remains clear there are significant gaps between the substance of the two positions. >> western leaders say they plan to strengthen economic sanctions against iran later this month. targeting the country's oil exports. the embargo is certain to affect
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the country. pakistan is it facing turmoil. the president is scrambling to form a new government. the supreme court disqualified guillani as a member of parliament and removed him from his post. he was convicted in april of contempt. he refused to cooperate in a corruption case against the president. he avoided a prison sentence. he was the first pakistan prime minister to be removed. the dismissal is seen as a blow to the president. the two have been strong allies. the students used to go to a local region to soak up cultural
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concerns. those trips were cancelled after march 11 last year due to safety concerns. the trips now are radically different. >> reporter: a cleanup operation. these junior high school students volunteer to help preserve important less sons from the past. they are from the city far from the reach of last year's s tsunami. >> the tsunami became much more of a reality to me. >> translator: how are your lives different from those of the people in disaster hit areas? >> reporter: this class project required preparation. work began back at school. teachers redesigned the annual excursion, making volunteer work a primary lesson. students gathered information on
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the disaster and discussed what they could do to help. their destination is dwrond the reach of tsunami waves. tono has an important role in the recovery effort. officials are creating archives of property recovered from the affected area. they will remove mud and sea water to make them readable once again. some of the documents are from a nearby down that lost 800 residents in the natural disaster. >> please split up into groups. the students help clean and restore the minutes of the assembly meetings. the documents go back decades. some describe how they overcame the devastation caused by past
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tsunami. after mud is cleaned off, the papers are immersed in fresh water to remove salt. then they're hung up to dry. masaki survived the tsunami, but his house was with washed away. >> the work itself is simple. once the town gets back to normal and people start reading these documents, the students efforts will make a big difference. >> the students take their work seriously. they reflect on old lives lost, they also think of the future. >> i hope future generations realize tsunami hilt their town many years ago. >> it feels good to participate in recovery efforts.
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>> i hope this experience will be something that the students will remember. >> to nhk world's zacchari zaccharia yomo. what did the students tell you? >> they were nervous in the beginning. for some of them, it was their first time doing volunteer work. they worked hard. in the end they said theyen the done enough, and wanted to do more. i think the hands on experience really motivated the students. the school says it will try to come up with more ways for them to contribute. >> right. and more schools visiting disaster hit areas? >> yes, the numbers are gradually increasing. this has given the students a chance to talk with survivors
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and hear firsthand accounts of their experiences. however. many parents are still concerned about aftershocks and more tsunami waves. they remain reluctant to send a trip to northeastern japan. that's an issue many schools are dealing with. it will take a while longer before the number of school excursions and tourists return to predisaster levels. >> right. thank you, kaori. investors find relative safety in hong kong. they like its sound banking system, the flexibility of its markets and it's ties with mainland china. for a wrap-up of stories from the region, here's jamie uhn. >> the hong kong labor market has improved slightly for the second consecutive period. unemployment fell to 3.2%. down from 3.3% in the period
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february to april. employment growth has outstripped a rise in labor supply. the hong kong authority says the employment situation remains a challenge with downside risks stemming from the european credit problem and uncertainty about economic recovery in the u.s. beijing's bureau of human resources and social security is advising companies to increase wages this year in the range of 4.5% to 16.5%. the advice is the guideline only and based on current levels of economic development, leaving costs and the employment penetration in the city. wages in china continued to rise and its reputation for cheap and plentiful labor is changing. next we have a feature story. macau is a paradise for gamers. 35 facilities, they're doing all they can to keep attracting the
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high rollers. last year macau's casino operators wraps up gaming revenue more than five times that of the las vegas strip. behind the scenes, a constant flood of mainland guests who account for more than 60% of total visitors. >> there's no casino in the mainland. >> i'll go wherever there's a a casino. over 120 exhibiter as tended the annual gaming trade show in macau last month. this company showcased a lineup of slot machines tailored to the specific demands of asian markets. the themes legendary chinese stories including journey to the west. >> our goal is to try to build
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our business and get more and more business starting here in macau with these chinesed themed games, but also expanding all across asia. >> in this year of the dragon, the australian company has pitched the same bid for games. >> we want to make sure we have a good footprint here, now and in the future. that's why we're doing a lot of work for games. >> reporter: as newcomers are seeking business opportunities in the industry, the next goal is to attract diverse client segments. galaxy macau one of the biggest casino resorts is putting its energy into nongame ago minuteties. the company has opened a luxury entertainment lounge targeting big spenders from china and hong
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kong. there's also a whiskey bar, it offers the high actions an attempt that could run up to 45,000 u.s. dollars. it's not all about gambling or tourist tourists, they're also aiming at local residence. this complex is equipped with nine theaters. before this place opened, there were only three cinemas in town. >> translator: if it weren't for the cinema, i wouldn't come here. >> there are not enough theaters for 3d movies. this one is new and attracts a lot of locals. >> currently the nongaming income accounts for only 4.2, 5% of total revenue. galaxy macau thinks by diversifying income sources, higher returns are possible.
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>> is it more sustainable? i think it's well supported by the government. it's a direction to create a broader base for macau as it recognizes its heritage and destination and a getaway place for people in mainland china, hong kong or southeast asia. >> the biggest challenge for businesses hoping to diverse if i. >> first of all, is the public/private collaboration, how do we work together? i work together on branding and establishing a macau brand that all sectors that buy into, that's very important. >> figures show that for the first five months of this year, gaming tax accounted for 18% of macau government's income. the key to future economic reaches may lie in shuffling the deck for a bit more diversity.
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>> that wraps up our report from hong kong, back to you in tokyo. moving to thailand now, an ingredient from that nation has become a popular health food around the world. thai people enjoy eating food at street stores around the country. dumplings made of minced fish are a part of noodle recipes. minced fish is also an ingredient in other dishes. even in paris, minced fish is used in these crab flavored fish sausages. consume assumption in europe has grown seven fold over the past decade. thailand is one of the largest exporters of minced fish. soaring international demand is
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leading to severe problems for fisherman. >> reporter: samut province is home to one of the largest fish factories in town. some 900 people work here. here minced fish is made from a type of fish call ed golden philly bre. half its daily output gets exported to japan. but fishermen are experiencing a roaring change. recently they've been returning to port with with hardly any in their catch. this captain has been working the seas for more than 40 years.
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he says the number of has decreased more than 90%. >> there's been a very marked decrease over the last four to five years. >> reporter: the biggest cause is overfishing. to protect fish stocks, the thai government in 200 import a ban on fishing within five kilometers of the shore. even so, fishing has kinned. >> the fisheries department regularly patrols the coast and notices a boat in the forbidden zone. the boat's nets are full.
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and they are bringing in the catch. this isn't the captain's first offense. he was caught fishing illegally two years ago. even so, he still gets away with a final $350. >> translator: the boats aren't confiscated when they're caught, so illegal fishing continues. all we can do is to continue our patrols 34 the global trend for health foods is causing local programs -- the challenge is to strike a balance between harvesting the bounties of the ocean and ensuring their survival.
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a strong typhoon has crossed across japan last night. there's another tropical storm on its way. let's turn to your weather forecast. >> the typhoon has weakened into a low pressure system, and continues to pull away from the land. high waves will continue along the pacific of tohoku. from yesterday into this morning it delivered tons of rain. some areas received 405 millimeters of rain in a span of 24 hours. amagisan has 363. they received their record amount of rain for june. the ground is already saturated. dry acrossp of mainland japan today. however, wet weather is on the way. southern japan is already looking at very heavy rain with up to 150 millimeters of rain
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over the last 24 hour in addition to the 250 mill meeters is likely. over the next 24 hours, accompanied by thunderstorms, the reason is tropical storm continues to bring ample moisture to this area. right now talim is situated south-southeast coast of china, packing sustained wined withes of 83 kilometers an hour with gusts of 126. it will likely move through the time this evening and become a remnant low and head toward japan. we are expecting as much as 160 millimeters of rain across the western side of taiwan over the next 24 hours. as many of you know, this area has been contending with a lot of heavy rain. any additional rain could worsen the situation. as i mentioned, the system will continue to head toward western and central japan. the main threat is going to be rain rather than wents. as i mentioned, the ground is
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already very soaked. additional rain could certainly create further flooding as well as landslide as cross the southern half of japan. heading over to the americas, tropical storm kristens to weaken and stayoff shore. no direct impact on large land mass is possible. however, we've got a severe weather extending from minnesota down toward kansas. and thundershowers surrounding across this area as it heads toward the east, severe weather will shift through wisconsin on wednesday. tornados are not out of the question. down toward the southwestern portions of the west, cooler air flows in. the risk of wildfire will ease slightly. that's good news. the highs getting up to 2 in denver, 23 in los angeles. and toward the east, heat is still building, reaching 34 in chicago, 35 in toronto, and 36
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degrees for both new york city and washington, d.c.. finally, let's go over to europe. a low pressur system will be moving into ireland. northern ireland and the southwestern portion of the british isles as well as parts of the iberian peninsula bringing in thunderstorms and stronger winds. looking dry and hot mainly across the balkan peninsula. getting up to 34 in bucharest on wednesday. and the same goes for vienna and down toward the south. that's it for me now, and here's your extended forecast.
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and that's all for now on this edition of "newsline." thank you very much for watching.
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