this will lead to paris as a financial place of reference after the crisis. >> sarkozy wants to make the agreement globally enforceable. next month's g-20 meeting in pittsburgh is where he plans to present his plans. >> this is "world news" today from bbc. president obama said the death of u.s. senator edward kennedy is the end of an important chapter in our history. more on that story now. a short time ago, former u.s. president jimmy carter give his reaction to the news of senator edward kennedy's death. >> like all americans, we are distressed at the death of a great man. i knew ted kennedy very well. in 1980, he ran against me for the democratic nomination when i was president. i was lucky enough to prevail. among all the members of our u.s. senate and the congress of the united states, he has been preeminent. he has been staunch, honest, open, and very able to express his views to the american people. my own hope is that his deep commitment to comprehensive health plan in our country will be honored by his contemporaries. we have expressed our condolences and prayers to the fami

not sarkozy. he is pretty moid rate and he will continue. he is trying to better align compensation packages for banks with those of shareholders and i think in the case of significant institutions, aligning with the taxpayer. >> if you look at goldman, they are making money hand over fist every quarter. they paid the government back. >> except for that aig issue. >> it upsets a lot of people and they lost a lot of money and want to know what it was between paulson and on the credit default swaps. >> that's the 13 billion they got from the government. >> and the government owns 70% of aig. the biggest share holding outside of that. again, i would attack the more core problems on wall street where big firms may be traded against their customers or things like that. i would be more concerned about those things. that builds the profit pool that one might argue is an ill-gotten gain. >> final word. >> i would say that pay is important because it drives behavior. i think it's more of a difficult task than trying to incentivize and give incentives

the type of sanctions that the president sarkozy was talking about, i would add oil and natural gas to the list, those are big moneymakers for the regime. key is moving at the security council, engaging china and pressing for an arms embargo. they rely on the ideology of the military to justify power. stopping to sell them -- stopping selling them weapons would have a huge impact. >> i am interested in this faith that you have in the u.n. system. what makes you think that china will do anything different now? >> they have not really been pushed. in the few moments when they have, they have yielded a little bit. they agreed to a statement calling for her release, as well as all political prisoners. that was the first time they had ever done that. they are inching slowly in the right direction. they have a long way to go. once the u.s. and france are willing to push, it can help. >> in terms of our viewers around the world, what kinds of things are the administration looking at? >> we were told they were examining the policy from top to bottom across the board. there was a hope that it m

sarkozy hit the roof on that. a lot of things do not reflect well on the way obama -- >> the europeans often find things to complain about -- >> you can dismiss everything that happens because it's not pro obama. >> excuse me, please. we have just gone through an enormous economic downturn. the fact that he is liked and respected by much of the world has blunted the impact of that downturn, which many of these countries believe the u.s. led them into. and i can't believe that you can sit here and turn positive numbers into a negative. he has been in office for six months. [ laughter ] i gave you two examples. the elections in lebanon and the uprising -- >> you think -- excuse me. >> you think that these numbers had nothing to do with the united states? the elections in leb nobody had to do -- lebanon had to do with the fact saudi arabia funded a huge amount of efforts. >> do you remember where you were -- >> eleanor -- >> do you remember when we were pouring -- >> hold on, please. >> to you remember when we were p

nicolas sarkozy campaigned for office on a platform of reform.k more, earn more. >> we have the obligation to change and work on sunday is a way of change. >> reporter: the opposition socialist party warned that a sunday opening law would destroy the fabric of french society. not being open is embarrassing, says the french president, who had to personally intervene so u.s. first lady michelle obama could shop for children's clothes on sunday during a recent visit. the issue has split the country right down the middle. >> the french have a very good quality of life. families have a collective day together. all cultures have one collective day of rest. >> reporter: the catholic church calls sunday sacred. so do the unions, and politicians fm all the political parties. >> they're terribly afraid if they start doing it like the americans, start doing it like the british, they'll stop being french, and that means the end of everything. that means you don't eat cam mom bare cheese anymore. you don't go on six, eight week vacations anymore per year. >>

yesterday, nicolas sarkozy said he would be asking the rest of the g-22 fall of france in lain down clear rules for bank bonuses. -- g-20 to follow france in making rules for bank bonuses. >> i see the bonuses as fine, let them take $100 million. that is fine. these people with $100 million, that is fine. >> what ever happenes with bonuses, they're looking to deal with the cause, not the symptoms. of course, britain could go it alone and let all of this risky business go elsewhere. all of the main parties would be against this. the city could lose a lot of valuable business. they would also have to decide what on earth britain was going to do instead. >> here is a curiosity, police in california say they found a woman alive 18 years after she was kidnapped she reportedly walked into a police station. -- they found a woman alive 18 years after she was kidnapped. she reportedly walked into a police station. >> here she is enjoying a fishing trip. she was just 11 when she was forced into a stranger's car. her stepfather witnessed the kidnapping and called police. >> 911. >> this is 911. >> m

we have also seen angela merkel and sarkozy pressing to curb these payouts. lord turner has come out with some harsh comments. he says the financial services sector in the u.k. is too big. he says you either reduce the size or impose taxes. it is not taxes on bonuses. it is taxes on the bank's profits. if you tax these millions of transactions, that reduces their profits, and that reduces the bonus pot. >> that will go down really well. [laughter] >> and all of this ahead of the g-20 summit next month in pittsburgh. >> looking forward to the business report. this is "world news" today. coming up -- jacob zuma heads to zimbabwe. nine months alone at sea pretty 17-year-old who just sailed into the record books. >> 10 years after the violence that accompanies indonesia's withdrawal from east timor, many crimes against humanity have still not been brought to justice. it wants an international tribunal set up. militarhundreds of people were d in the aftermath in which the majority voted for independence. our correspondent is in east timor. >> this is one of the pl

is a lot of tension between africa and former colonies and the french government because president sarkozy had a speech that wasn't well received. i think the u.s. can actually take advantage of that. and not quite sure i understand the strategy completely for why africa and don't think it's very clear and the africa command shows that can see they are talking about it. we are waiting for concrete realization. we have to wait and see, i guess. >> what's the view on russia? russia has been increasingly a little bit less -- than it was during the last administration but we had submarines off the u.s. coast. is that a fluke or an indication of russia trying to goose the united states? >> it's russia is trying to reassert itself as a great power it thinks it was and should be. the problem with russia is not major capabilities which are -- but the fact that you could just end up blundering into war over say georgia. both sides are behaving stupidly there and that would involve the u.s. in some fashion. the worry with russia is nationalism and misjudgment might lepped into a marginal mess. >> un

look at the french president sarkozy.aked all the time. >> reporter: last summer, president obama was snapped shirtless. but that's nothing. putin's been snapped fishing shirtless, hunting shirtless -- most russians don't laugh at such vanity. they lap it up. >> what it shows is he's fit, he's strong, he's not a drinker. and that's a problem in russia. many men are alcoholics. ♪ >> reporter: putin's predecessor, boris yeltsin, was no stranger to the bottle. in a country where a man's life expectancy is just 59, the public machismo is impressive.ly volleyball, skiing, blacksmithing, he rides in submarines and fighter jets, he bowls, he tranquilizes tigers. >> a leader of a nation with nuclear weapons cannot be a weakling completely. he's a tough guy. >> reporter: apparently, putin must take his shirt off to prove to voters he's tough enough. sometimes, democracy works in very strange ways. nick watt, abc news, london. >>> and that is "world news" for this wednesday. i'm charlie gib song. and i hope you had a good day. for

is saying, i impose, and implied criticism is not explicit of the kinds of stuff we have heard in sarkozy, gordon brown in britain, where they call the monstrous, terrible, and so will -- and so on. >> the chinese have been thinking for some time now that the west should really back off and stop being fiercely critical of the regime. the singaporean leader a few days ago said that suu kyi was part of the problem and not necessarily the solution. there is a large question of whether particularly in afghanistan -- that we need to tone down democracy jihad. you have to look at the history of the country's really. >> the mind -- sorry to interrupt. the west's approach, they are also calling for sanctions for tougher sanctions. what do you make of that? >> i cannot imagine any sanctions that would work. gordon brown called for a global arms embargo, but that will happen because he will never get china and russia to sign up in the u.s. the security council. the problem with sanctions is it has impoverished burma, kept it as a very poor country. quite honestly, i begin to think, if you looked at

parliament passed the open sunday law but it was no victory for sarkozy because it applies to some shopsa limited number of cities. but the arguments about the future of the french way of life continues seven days a week with many economists predicting france will have to work more to stay competitive. but the debate will have to wait until september because france shuts down in august to allow workers to take their annual one-month vacation. keith miller, nbc news, paris. >>> in turkey an effort to implode a building went terribly wrong. engineers knew they were in trouble when instead of falling straight down the old flower factory started to tip over. but no one ever expected the building to wind up upside down. fortunately, there were no reports of injuries, but demolition crews certainly have their work cut out for them to clear the way for a new mall. >>> we're back with our making a difference report after this. new total blueberry pomegranate cereal gives you 100% of the daily value "making a difference" report after this. . plus the bold new taste of blueberries and pomegranate

first of all the chance lover germany merkel and president sarkozy of france were saying today and yesterday that yes we should go ahead with the sanctions that the iranians don't behave on the nuclear issue. but we know as you said a deeper and ever visible split between the hardliners and the reformers with ali khamenei. the supreme leader sort of trying to bridge the two. and any kind of sanctions are simply going to strengthen the hardliners. so do you back off the nuclear issue and potential sanctions where they can say, look we scared the west and the rest of the world off. do you push ahead and strengthen the hardliners. meanwhile this trial is going on. and who do you end up strengthening? this is a catch-22 of the worst kind. >> we're going to run out of time and i want to bring up what you wrote about this week, which is actually japan and a fading japan. we've got an election coming up this weekend. we may see a changing government. we may also see a change in where japan sits in the world's economy. from number two to number three? >> yeah, this is a real seismic shipment. it wil

nicolas sarkozy's wife carla bruni is trying to get turning into a french intellectual, brack obama is on tv virtually every day is the nicest guy you are met, sylvia briscoe would will become the mythical ladies man. they should give these guys a copy of the book of proverbs. the most famous thing is pride goes before the fall. still true. >> paul: cannot cube connectors is a hit for pennsylvania congressman joseph suspect. when arlen specter switched parties this year and gave democrats there 60th seat in the senate that was done on the understanding they would clear his path for reelection next year. mr. suspected not get the memo. he announced this week he will challenge mr. specter in the primary. this is great news for pennsylvania democrats were asked about your choice rather than a senator handed to them that was chosen a bad deal they want rob. >> a hit for bug schulberg who passed away this week at 95. he is from the famous lack of the contender soon from the movie, was it the 30s or 40s t-mac the 50s. ron brando. people may not remember about the movie is the plot which is i

sarkozy. he is naked all the time. >> mr. obama was snapped short list last summer. putin has been shown shirtless many times. >> what it shows is that he is fit, he is strong, but he is not a drinker. many men in russia are alcoholics. his predecessor, boris yeltsin, was no stranger to the bottle. in a country where a man's life expectancy is just 59, putin's machismo is impressive. he rides in submarines. he tranquilizers' tigers. >> he cannot be a weakling. he is a tough guy. >> he must take his shirt off to prove to voters he is tough enough. sometimes democracy works in strange ways. >> a reporter from the bbc was calling him the prime minister pectorals. >> i do not know. >> there is a lot more still to come in our second hour. >> i do not know what to say to larry, who is my angel. >> 14 people's lives are now connected after a one-of-a-kind kidney swap in d.c. >> senate leaders will gather one last time before the summer recess. >> lisa baden will be back with another look at your morning commute. >>> a new supre

the meeting with bankers today president nicolas sarkozy instructed them to report later this month on their bonus policies and whether they are living up to their commitments to keep credit flowing. >>> and that reference to what i made to what happened here is about the experience of goldman sachs, which as you may have heard, announced big profits and huge bonuses in recent weeks. that set off a storm of negative reaction even though goldman had paid back the billions in assistance it received from the u.s. government. in our continuing segment "how they see it," we want to show you how our british partner, itn, has covered the story with its reporter, faisal islam. >> reporter: the decades goldman sachs have been high priest of -- have announced and they've been celebrated as such across america, but since they announced record profits and record bonus in the worst recession since the great depression they'd been under attack as never before from some pretty unlikely quarters. >> i don't think in the history of the united states there has been a company with as much direct influenc

it's a strong, distinctive and consistent look. >> and carla bruni sarkozy, she was a model, so she knowsrry herself beautifully. >> that's right. the supermodel first lady is also a sexy pop star, too. she is the complete post-modern woman. you look at her one minute, and she is elegant consort to the french president. you look at her again, and she is a sex kitten on the stage. >> moving on to the men, not to be outdone by his wife, the jeans that he wore, he got criticized from the all-star game, president obama makes the look -- the list. why is that? >> obama is on the list for the first time because he has such natural ease and elegance. he's completely comfortable in his own skin. he is very much in the tradition of american classic dress, but relaxed. and he just watched the way he rolls up his sleeves and you can see how much he cares about the way he looks. but not too much. >> and joining him is brad pitt, without angelina. >> without angelina, although she does make a good accessory for him. he has found a lot of other accessories that men are imitating. the hats, the aviators

this one's called the "calm su down, sarkozy. ooh-la-la sasson." [ laughter ] "bonjour." one is from the same summit, check out the guy onhe s picturthis called, this expression is cled the "who invited gene simmons?" [ laughter ]le this ne one is from a meeting cathhe russian president, it's lled the "wow this story sucks." [ laughter ] [ imitating mccartney ] "get security, you know, come on, get hiout of here." anoouemh now, you all remember this. this next one is from the major is gae baseball allta ar me uple weeks ago.ee obama threw out the rst pitch. this is the "throw like a girl, dress like a mom." that's what it is. [ laughter ] it's the expressi that he's saying s re's another one from ob wisivi tthhe thewiope.op this one' called "the worst softball team in history." [ laughter ] re t oheerthnehierer te,s a great one. this is called "check it out, crabwalk." [ laughter ] "mr. president, ion't think you have to do that." "no, it's cool, man." all right, here's one from a joint news conference with canadian prime minister stephe.harper ths is the "if i weren't pr

this one's called the "calm down, sarkozy. ooh-la-la sasson." [ laughter ] "bonjour." one is from the same summit, check out the guy on the right. this picture is called, this expression is called the "who invited gene simmons?" [ laughter ] this next one is from a meeting with the russian president, it's called the "wow this story sucks." [ laughter ] [ imitating mccartney ] "get security, you know, come on, get him out of here." now, you all remember this. this next one is from the major league baseball all-star game a couple weeks ago. obama threw out the first pitch. this is the "throw like a girl, dress like a mom." that's what it is. [ laughter ] it's the expression that he's saying. here's another one from obama's recent visit with the pope. this one's called "the worst softball team in history." [ laughter ] here's another one here, this is a great one. this is called "check it out, crabwalk." [ laughter ] "mr. president, i don't think you have to do that." "no, it's cool, man." all right, here's one from a joint news conference with canadian prime minister ste

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. >> you raise a question in a column in the sunday "washington post" that nicolas sarkozy, after the said about barack obama, "is he weak?" and this is a strange question, you acknowledge, to be asking about someone who fought so hard, so well, and in such a disciplined fashion for the presidency. but you wrote, "is obama making tactical retreats on these hard issues or is he weak? his soaring rhetorical promises when he to adjust means, goals, or both." interesting in the context of what we've now seen with the cia, where he hands it over to the attorney general to go after some of these interrogators, but says, that's not my job, it's up to eric holder, yet i want to look forward, not back. is he trying to have it both ways? >> the "financial times" editorialized last week that characteristically, obama's trying to have it both ways. that was on the question of health care reform, but as you pointed out, it could also apply to the cia scandals that he's had to deal with. again, i think this president has a little less room to maneuver because of the rhetoric that he used to win the

if they can bully nicholas sarkozi, while they are increasing the language and methods of the cultural revolution inside tibet and the mao cult has made an enormous comeback in tibet and i'm very much afraid -- also, they have nepal, the chinese now control nepal and i believe they killed king belandra, and this is going to cut the passage of refugees from tibet into india into meeting people like us journalists and so forth, and so where do you think it's going? the executive branch is doing everything in its power, it always has, for all countries, to prop up the chinese communist party and the support for the dalai lama is actually very weak, it's a celebrity, he's the butt of a joke in the "sex & the city" episode, but support for him and his government is very weak an they're very poor and the chinese have infiltrated the dalai lama's government with spies like they're doing here. heritage has done work on this. where do you think this is going to go? >> well, do you want to take some of that and -- >> i think one thing you have to understand is that -- i'll let john answer the qu

after a ban on scarves in public schools, president sarkozy said full-length face-covering burqas wornn france because they have nothing to do with religion and everything to do with subservience of women. if anything, wolf, the burquini episode is prelude to a debate almost certain to unfold when a parliamentary commission returns with a report for president sarkozy about possible ways to ban the burqa in france. wolf? >> jim bittermann in paris for us. thank you. >>> as the u.s. military tries to win the war in afghanistan, it's also trying to win the hearts and minds of young muslims with books. but even that is still a very dangerous mission. our chief international correspondent, christiane amanpour, spent some time with u.s. troops building a new school just days after their unit was attacked by insurgents. >> reporter: right here in the middle of nowhere. it's an incredible sight. row upon row of school children organized into neat outdoor classes. >> one. two. three. >> reporter: several thousand students diligently counting in english. even at this age, they know that they wan

nicolas sarkozy has called the charges baseless and called for her immediate relief. they put mer moderate people on trial. >>> three american tourists remain under arrest in iran. shane bauer, sarah shourd and josh fattal were detained last week after allegedly straying across. united states are still trying to free them. the details of their talks have not yet been released. >>> for 11 months a vietnam veteran angered sof neighbors in order to keep a promise to his son. yesterday he wu finally able to take it down. justin willis talked with both men. >> reporter: a joyful reunion for military families as the first battalionf the 185th armored regiment returned home after a tour of duty in iraq. of the 80 soldiers returned the home coming was a special honor for corporal paul hariros who w finally able to have his father remove the tattered flag. 11 months ago he promised his son that the old flag they rads together would not come down until he returned from his second tour of duty in iraq. for the time corporal haros was gone, it suffered rips and tears, neighbors w

. >> and nicholas sarkozy is throwing down the doormat at the g-20 on banking bonuses. can he lead the way? >>> i'm christine tan in asia. a plunge in crude prices squeezes margins. >> and i'm ross westgate here in europe. business confidence gets an improvement for the fifth month in a row. >> and i'm mike huckman in the united states, which is maurning one of the great american patriarchs and the champion over health care debate, ted kennedy. if you are just joining us in the united states, welcome to the start of your global day with "worldwide exchange." which is broadcast live from the u.s., asia why and europe. and in the united states right now, we have the futures pointing toward a higher open, so it looks like the dow could roll, if you will, a lucky seven because it's been up for six straight trading sessions. the nasdaq and the s&p have been higher for five of the last six trading sessions. of course, the death of senator ted kennedy will be in the media today. and then new home sales will be out at 10:00 new york time later this morning. in the meantime, let

this is sarkozy coming in trying to make this a much better -- >> panacea. >> it's not panacea. it's not. i have a lot of questions. >> if you're going to cover everyone, number one. all right, that's not going to be -- how is that going to -- that's going to be expensive. the government is -- could end up, a large part of the -- >> a large part, okay. i thought you were going to say the single -- the working group is probably not going to -- >> that's what we're arguing about here. that's what we argued about with the senators down in washington. if it's not a public plan -- everybody's talking about reform. it's whether the government should actually be controlling health care. doesn't matter what people talk about it. i've heard president boem say, you like your plan, you can keep it. i don't believe it. i don't believe that's the way it would end up. >> i don't think you can know what companies will choose. >> look at the house plan and the guidelines in the plan. there's no private company within five years that are going to be comfortable in that marketplace. >> hard to te

. >>> also french president sarkozy will will warn the french banks to stop paying big bonuses to traders. he called bank executives to a meeting on august 25th to talk about this issue. >> meant, in early european trade, the ftse coming under pressure as lloyds banking group shares dropped. lloyds is considering a share issue to loosen the government's grip on that company at least. the ftse down 48 points to 4700. >>> in asia, christine tan standing by in singapore. good morning.. >> good morning. asian markets got a boost from the better than expected jobs da data, fueling hopes that the u.s. can lead the world into recovery. machinery orders first time high in four months. stocks rallied as a result. japan's largest chemical company, mitsubishi chemical surging on reports it's in talks to acquire mitsubishi rayon for $2.1 billion. in kong hong kong, stocks rallying. export-related stocks, those expected to benefit from a recovery in the u.s. also surged. in china, the shanghai at 3%. investors waiting for key economic data to be released this week.k. that's it from asia. sending it ba

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