mahmoud abbas still says that they hope for a deal by next year. let's check in with steve to find out what all of this eurobond business is having on the market. >> the talk about the creation of a eurobond is doing nothing for germany. the yield for the 10-year bond rose above 3% for the first time in nine months. a trader says it points to worry about germany joining other countries to create the so- called eurobond. germany's credit worthiness is the best in the rosellen now but this could change if they are bundled with other countries in the european bond. both sides of the atlantic were in focus on wednesday. we have this report from frankfurt. >> not so much the market -- and not so much the stock market but the market for government bonds moved into focus on wednesday. germany has to pay higher yields on its government bonds. the discussion of eurobonds is weighing on the credit worthiness. in the u.s., this is compromised by tax cuts. the rating agency moving to question the top ratings that american government bonds are still getting. >>

mahmoud abbas still says that they hope for a deal by next year. let's check in with steve to find out what all of this eurobond business is having on the market. >> the talk about the creation of a eurobond is doing nothing for germany. the yield for the 10-year bond rose above 3% for the first time in nine months. a trader says it points to worry about germany joining other countries to create the so- called eurobond. germany's credit worthiness is the best in the rosellen now but this could change if they are bundled with other countries in the european bond. both sides of the atlantic were in focus on wednesday. we have this report from frankfurt. >> not so much the market -- and not so much the stock market but the market for government bonds moved into focus on wednesday. germany has to pay higher yields on its government bonds. the discussion of eurobonds is weighing on the credit worthiness. in the u.s., this is compromised by tax cuts. the rating agency moving to question the top ratings that american government bonds are still getting. >>

>> -- with president abbas today? >> he met with president abbas following up with a meeting with prime minister netanyahu today. president obass will be on his way to cairo as will george mitchell. there's a follow-on committee meeting won the arab league, i believe, tomorrow. we'll be looking for the arab league to continue to support this effort. senator mitchell, the peace effort. senator mitchell, before he returns to the united states will also make stops in brussels and paris late they are week. >> when you say -- what specifically would you like to see out of the arab league meeting? >> well, the support that -- statements of support that have come through previous meetings, we think, have been very valuable. they embody the support that we've tried to build and i think successfully have built within the region, so we're looking for a continuation of that support, encourage optometrist continue through this process and there'll be follow-on meetings next week at the working level, george mitchell's deputy davi

we have been recommended for up to $50 million in the president abbas budget. but that is just a recommendation at this point. the implementation of the project as we move forward, so by the first month of 2012, we will be able to complete 30% engineering. certification of deatheithe ei. final design, a vehicle procurement. we hope to start construction in 2013 with a project pendular open for service in the first month of 2015. happy to answer any questions. commissioner campos: colleagues, i do not know if you have any questions? commissioner carmen chu? commissioner chu: just a question about the regional small starts project. what does that mean? >> mtc has included this project in their expansion plan, which identifies in the region transportation plan, a trans expansion strategy. it identifies the region's priorities for these key federal funding programs, new starts being one of them, small starts, a federal fta program designed for these cost-effective quick to implement projects. we are one of two regional priorities for small starts. commissioner chu:

. >> it is believed many of those who died were traveling on abbas.here were prison guards helping jailacuate inmates form rom a -- they were traveling on a bus. the prime minister appealed for international help. >> a huge fire is raging at mt. carmel with many casualties. we are pulling all the countries resources to stop the fire. this is on a disaster we are not used to. >> hundreds of firefighters are working through the night to bring it under control, but they are not held by the fact the land is tinder dry. israel is suffering from drought, with little significant rain in the last six months. world governing body has chosen russia to host the 2008 world cup and qatar for 2022. fifa has faced widespread screening the encounter-- contrr its governing body. fifa world cup will be organized in russia. >> it is the day the world cup headed into uncharted territory. first was russia, and then it was this. >> the 2022 fifa world cup is qatar. >> to many, qatar seems a more daring choice, a small country with no footballing pedigree. >> you will never

the group seized gaza from forces of abbas leaving the palestinian governing only in the west bank. well mahmoud al zahar has been speaking to the bbc television service and asked why hamas doesn't try to make a truce with israel. >> israel is speaking about more aggression against palestinian. and they are speaking about self-defense against any aggression from the israeli fighters. >> does hamas think about how can they put an end to all the crisis with israel? >> there is the bhock aid -- the escalation on the ground [inaudible] hamas refuse any -- negotiation with israel. [inaudible] this is a missile. what is the [inaudible] israel concerning this decision? israel is not ready to give us our basic demand. israel is not ready to stop [inaudible] and confiscation of our right. israel is still speaking about war [inaudible] against syria. against no country from -- are safe from aggression. syria. egypt. palestinian side. these are really -- we are the victims of this -- which is a [inaudible] against the region. >> but against the negotiation? >> negotiation is a missile. >> but

they say that it's abbas is too low profile and that she spent too much money. -- they say that its boss is t o low profile. >> you have to have people employed. you have to have new offices and new buildings. why make it double? i don't see the need. >> for many smaller member states who cannot afford a chain of embassies, the european union's on foreign office is part of the diplomatic mission that is welcome. >> this is to provide us with a platform where we will be able to talk to the other countries on the eu issues. >> one year after it was created, the european union external action services finally opening their headquarters here in brussels. for its critics, this is a waste of time and money. at least it may now have a chance to prove them wrong. >> this is "a bbc world news," the latest headlines for you. do you's border agency is reporting a big fall in the number of those trying to enter into greece and turkey. the head of the south korean spy agency has said that more attacks from the communist north are highly likely. but scientists believe that the the length of a man's fi

president abbas to dispatch ssaeb erekat here for follow-on discussions. president abbas agreed. >> does she plan to meet barak when he is here? >> i do not know. if there is such a meeting, we will let you know. >> mask to mr. steinberg will meet in china next week -- may i ask who mr. steinberg will meet in china next week? >> i am sure he will have >> i am sure he will have

>> i can tell you president abbas is very familiar with our position? >> are you going to take any measures against countries that recognized a palestinian state in a unilateral way? >> you know, again, countries have the right to set their own policies. you know, we believe strongly that as this moves forward we are going to need international support. you know, for this effort. and that's why we've worked effectively with the quartet and others to support the process. why, in addition to george mitchell talking to the parties, he'll be talking to others in the region. so we want to have as much international support for this process as possible. and we, you know, continue to believe that international support for other avenues is ultimately a distraction. >> have you looked in this direction? >> there's a clear plan for the direction. >> tough a plan? >> no, i mean we think we have the right plan. we think we have the right, you know, strategy. we are just adapting the tactics in support of that strategy. >> all right. what's the plan again? >> well -

eight israel launched a massive air and ground strikes and hamas targets in response to rocket attacks abbas to control the region two thousand and six but television regards it as a terrorist group going israeli blockade means many people living there are struggling to get basic necessities really goods as archie's fall asleep reports palestinians in the region say huge relief can't come soon enough. israelis insist their economic siege on gaza is easing but they can't deny the border and international condemnation is heating up an asian aid convoy but politicians and activists from eighteen countries is on its way to gaza i'm border one hundred eighty people food and medical supplies and a determined core to reach gaza on the second anniversary of the last israel gaza war the convoy dubbed asia to gaza solidarity caravan sits sail from new delhi at the beginning of december it's trying to do what an aid for teller failed to do in may break the israeli blockade on the coastal strip that earlier attempt left nine activists did since then israel insists things have gotten better there is a hu

as israelis hunt the killer abbas said he opposes violence and is committed to peace with israel.tin fletcher, nbc news, london. >>> our solar system is putting on a show to mark the first day of winter, the shortest day and longest night of the year. this year there's a payoff, a total lunar eclipse as the earth casts its shadow early tuesday morning. that hasn't happened on a solstice for more than 450 years. >>> tonight the mighty uconn huskies hopeclipse of their own. today here in new york the huskies beat ohio state 81-50 bringing their streak to 88 games tieing the men's record set by ucla 36 years ago. uconn could pass ucla tuesday night when they play florida state becoming the winningest college basketball team in history. >>> when we come back, our "making a difference" report bringing toys to tots this holiday season. you take once-monthly boniva, check out the myboniva program. it's free to join, and it shows you lots of ways to help improve your bone strength. like bone-healthy exercises that are easy to do. boniva works with your body to help stop and reverse bone l

over recent months, prime minister netanyahu and abbas have met face to face several times prepare a i have been privileged to be present during their meetings. i am also had the chance to talk to each leader privately. these were meaningful talks that build new clarity about the gap that must be bridged. both sides decided to get there to pursue a framework agreement that would establish the compromises on of permanent status' issues and pave the way for a final peace treaty. reaching this goal one not be easy. the sides are real and persistent. the way to get there is by engaging in good faith with the full complexities of the core issues and by working to narrow the gaps between the two sides. by doing this, the parties can begin to rebuild confidence, it demonstrates their seriousness, and hopefully find enough common ground on which to eventually launch direct nicosia asians and achieve that framework. the parties have indicated they want the united states can continue -- to continue our efforts. the united states cannot be a passive participant. we will force them to lay out th

along with president abbas, he has brought strong leadership to the palestinian authority and he has helped to advance the cause of a two-state solution by making a real difference in the lives of the palestinian people. mr. prime minister, welcome again to washington. [applause] >> you do not have to precede cables to know we are meeting during a difficult time in the pursuit of peace in the middle thet but them i under staind frustrations of many feof your across the world. i want to focus tonight on the way forward. and have a resolution that since the conflict once and for all and what it will take to finally realize that the illicit but essential. i want to offer the deepest condolences of the american people for the lives lost in the recent fires in northern in israel. israelis are always among the first to lend a hand to an emergency strikes anywhere in the world. when burns, said the offer help. it was remarkable to watch. turkey sent planes. egypt and jordan donated chemicals and equipment. the palestinian authority despite firefighters. the night his state was also part of

the palestinians and it is extremely helpful what he accomplished under the directives of president abbas. but still there is a way to go. and i propose that you will not spiral into a blaming -- or blame game where we have not accomplished, that will stretch forever. we have to come seriously to enter the room and start negotiating issue by issue. >> larry: there is a key thing here, prime minister fayyad, and let me ask directly. do you trust prime minister barak? >> in the spirit of looking forward -- >> larry: yeah. >> -- let me agree with what you just said. instead of looking backward, let's look forward. the progress that we've been able to make in the area of security, having succeeded in turns things around remarkably. now, why can't we see this effort validated politically by the government of israel and with it stopping its military raids into areas under palestinian authority control? this is not looking backward, this is looking forward. this would impart a great deal of credibility to the statement that mr. barak just referred to and make it look like an exercise, as part of

we must find a way to renew negotiations with the palestinian leadership headed by president abbas and prime minister fayed. we need to overcome suspicions on all sides. in israel, we have to go beyond egos, expand the government if needed, and brace ourselves for the immediate task of moving decisively forward. i believe that the coming few weeks can enable us to find a way to make it better. millions of eyes in the middle east and around the world are looking at us, expecting us to do just this. i acknowledge thisati am doing everything in my power to ensure that this opportunity will not be missed. we must leave up to -- we must live up to our responsibilities to provide leadership and not lose touch with reality. paraphrasing president kennedy, [unintelligible] it is the one most consistent with our character and courage. i pledge to you that we will continue to struggle for israel's security by working determinedly to achieve peace. the lord will give its people strength. amen. thank you very much. shabot and shalom. [applause] there was no evidence of any magistrate that at a sea

fattah and prime minister abbas?hat do you do about what is going on in gaza and under the control of hamas? >> larry: so any optimism? >> if you're going to play in the middle east you always have to have a sense of optimism. you can never walk away. the stakes are too high. lives are at risk. our interests are at risk in the region. you have to stay engaged as difficult as it is. >> larry: wouldn't they be a major power? >> they being the israelis and palestinians? >> larry: yeah, intellectually -- >> intellectually and both of them, palestinians and israelis, have, believe it or -- an entrepreneur spirit about them. and so if we could ever create the two-state solution we've all wanted for these many years and bring them together with a sense of respect for each other, it has to be a real palestinian state, not some banty stand cut up in a thousand pieces and if we could ever cause that to happen, i think it would be a terrific place. >> larry: what do you think of the job secretary clinton is doing? >> i think se

was there an abba song. monte going off and canadian version of lebron return. the sharks back in ottawa. see who is has the heatley of the sharks back in ottawa. see who is has the lasts word d >> coming up tonight on 7 news at 11:00. why atheist want to be part of the santa cruz holiday celebration so badly. >> it fripts me. >> the barbie doll prompted an fbi warning. explain what that is all about. >> the stories and more for you when we continue on channel 7. join us in an hour or so but larry is here to talk all sports including hockey. >> a lot of stuff. lebron return to cleveland got the headlines in the united states. in canada it was all about heatley returning to ottawa. force add trade from the senators last year to san jose. had the last word this evening. great photo. suck it up princess. senator fans tossed out their old jersey. motivation off the post. early on in the game then between a pair of defender and lead to the shark first goal. heatley setting up. justin brawn. slap it. instead this and 2 nothing shark. logan for sure with a pair of goal

over recent months, prime minister netanyahu and abbas have met face to face several times prepare a i have been privileged to be present during their meetings. i am also had the chance to talk to each leader privately. these were meaningful talks that build new clarity about the gap that must be bridged. both sides decided to get there to pursue a framework agreement that would establish the compromises on of permanent status' issues and pave the way for a final peace treaty. reaching this goal one not be easy. the sides are real and persistent. the way to get there is by engaging in good faith with the full complexities of the core issues and by working to narrow the gaps between the two sides. by doing this, the parties can begin to rebuild confidence, it demonstrates their seriousness, and hopefully find enough common ground on which to eventually launch direct nicosia asians and achieve that framework. the parties have indicated they want the united states can continue -- to continue our efforts. the united states cannot be a passive participant. we will force them to lay out th

i believe that palestinian authority president abbas and prime minister fmbing ayyat are committed to a peaceful resolution of their conflict with israel so i hope they will take secretary clinton's message to heart this body has been very generous in support of their worthy efforts to build institutions and the economy on the west bank. in fact, i believe we are the most generous nation in the world in that regard. so i think our friend should understand, if they persist in pursuing a unilateralist path inevitably and however regrettably there will be consequences for u.s.-palestinian relations. i encourage my colleagues to support this important pro-negotiations, pro-peace resolution. i reserve the balance of my time. the speaker pro tempore: the gentleman from california reserves the balance of his time. the gentleman from texas is recognized. mr. poe: i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. poe: i'm proud to be a co-sponsor of this legislation, i strongly support a negotiated solution for peace in the middle east and thi

over recent months, prime minister netanyahu and abbas have met face to face several times prepare a i have been privileged to be present during their meetings. i am also had the chance to talk to each leader privately. these were meaningful talks that build new clarity about the gap that must be bridged. both sides decided to get there to pursue a framework agreement that would establish the compromises on of permanent status' issues and pave the way for a final peace treaty. reaching this goal one not be easy. the sides are real and persistent. the way to get there is by engaging in good faith with the full complexities of the core issues and by working to narrow the gaps between the two sides. by doing this, the parties can begin to rebuild confidence, it demonstrates their seriousness, and hopefully find enough common ground on which to eventually launch direct nicosia asians and achieve that framework. the parties have indicated they want the united states can continue -- to continue our efforts. the united states cannot be a passive participant. we will force them to lay out th

it sort of put president abbas in a bit of a strange position. could he not decide to go ahead since there are all these things on offer on the core, core issues now? >> we definitely would like to know what is offered on core issues. i mean that really is what this will be about and what we would like to know as early as possible is what it is that mr. netanyahu has in mind when he says palestinian state. >> well, let me ask you then. you heard the speech on friday night here in washington. secretary clinton laid out the core issues, and of the big ones on jerusalem, she talked about, you know, how each side has to really be able to negotiate on what their aspirations are for jerusalem and also to keep it a place for all the world's faiths and populations. your own defense minister, ehud barak, went even further and talked about splitting jerusalem. >> and then the prime minister said today what barak said a few days ago is not a government policy. but i think that the good news is that what secretary clinton said, that they are going to discuss

this is by abbas malani. michael's osama bin laden. to ronald reagan books. ronald reagan would have been 100-years-old city were the sixth. this is by his son, ron reagan, my father at 100, and by his other son, michael reagan, the new reagan revolution, how principals can restore the greatness today. jenn risko, when you see the list for january, february, early march, 2011, what stands out to you? >> guest: i think the trend that we saw all over christmas eve of political memoirs and more of the conservative ones i think it sounds like that is what is going to stand from what is coming out soon. we've got conservative political memoirs and then we have also got, juneau, the books like we had henrietta lacks and warmth from other suns and cleopatra. it sounds like that is going to continue. >> host:, one of the books coming -- i want to ask if you have gotten any word on this one yet -- donald rumsfeld's autobiography, his memoir, " known and unknown a memoir." have you heard anything about this book? >> guest: i got a little information on this today. i be

he remains married to gloria abba chapman and she still visits him yearly for conjugal visits.s something that for many people might be inexplicable. >> i know that jackie o.'s apartment they hold vigils for her berth day and anniversary of her death. at the dakota, the same thing. does it wane, grow, steady when they have the vigils? >> it waxes and wanes. five years, ten years, 25 years. you are going to have a big observance there. we expect there will be a fairly large observance next wednesday, the 30th anniversary of his death but what's really interesting, don, i was just there yesterday, is when you go to the dakota apartment, you know, you can't help but recognize the history and have it have some sort of emotional impact on you. and every day on the streets of new york there are people who walk up to the front of the dakota, the gates there off of 72nd street and take photographs of the entranceway where he was killed. they're still doing it 30 years later and probably for another 30 years. >> amazing. amazing that john lennon and the beatles still on the charts after

this is by abbas malani. michael's osama bin laden. to ronald reagan books. ronald reagan would have been 100-years-old city were the sixth. this is by his son, ron reagan, my father at 100, and by his other son, michael reagan, the new reagan revolution, how principals can restore the greatness today. jenn risko, when you see the list for january, february, early march, 2011, what stands out to you? >> guest: i think the trend that we saw all over christmas eve of political memoirs and more of the conservative ones i think it sounds like that is what is going to stand from what is coming out soon. we've got conservative political memoirs and then we have also got, juneau, the books like we had henrietta lacks and warmth from other suns and cleopatra. it sounds like that is going to continue. >> host:, one of the books coming -- i want to ask if you have gotten any word on this one yet -- donald rumsfeld's autobiography, his memoir, " known and unknown a memoir." have you heard anything about this book? >> guest: i got a little information on this today. i be

>> i think daniel rubenstein will be meeting today with president abbas. a number of officials have been on the phone throughout the morning with the israelis as well. >> argentina and brazil saying [inaudible] . >> we don't think that we should be disstracted from the fact that the only way to resolve the core issues from the process is through direct negotiations that remains our focus. we don't favor that course of action. we said many, many times, any unilateral action we believe is counterproductive. >> would you talk to both governments about it? >> again, i can't point to any direct conversation we had in recent days but i think our position on this is pretty clear. >> ok. both would participate in the same events as well as secretary clinton and former bill clinton on friday? what would they discuss prior to that? would there be any kind of discussion? >> let me take the question. obviously, you know, there is the event coming up on friday. the secretary will have a speech friday evening. i'm just not able to forecast at this point whether there wi

like to respond to bob and abbas. lice. if they are -- if there are savings to be made, they need to be done in terms of achieving more efficiencies. another context in which we are already spending way beyond defense expenditures of other countries combined. we account for 45% of the world military expenditure. is bob right that this is too risky? and where we define the efficiencies? >> i am not saying only efficiencies. i said the opposite of that. i think efficiencies are very important. if you are going to discuss the defense budget as much as mike is proposing you do need to think about the force structure, and we should. >> let me start with bob and see what i can say in response. frankly, i agree with everything except his last three sentences. and so i think that's part of why, as i say in the paper, i would only support the cuts here, i would only consider supporting the cuts i lay out if it is part of a serious national effort of deficit reduction across the board, because my goal really is, even though we see th

as terrorist organizations and the anti-terrorism act is still the law today, then how is mahmoud abbas able to come to the white house? and how is the p.l.o. able to have an office only less than two miles from the white house? simple because president barack obama and president george w. bush before him and president bill clinton before him signed presidential waivers every six months to circumvent the law. so this past october when secretary of state hillary clinton is the keynote speaker at the annual conference for the american task force on paless stein -- paless stein an event which featured main araquad she has not quams about doing it. indeed she had a huge smile as she took the podium with the president of the task force beside her. here's secretary clinton and her smile. and here's salae looking on. shame on you, hillary. shame on you. [applause] >> the task force itself is connected to the p.l.o. the founding president is none other than the former p.l.o. spokesman rasheed kalidi. you may have heard of him. his name came up a lot during barack obama's campaign for president.

as terrorist organizations and the anti-terrorism act is still the law today, then how is mahmoud abbase tcome to the white house? and how is the p.l.o. able to have an office only less than two miles from the white house? simple because president barack obama and president george w. bush before him and president bill clinton before him signed presidential waivers every six months to circumvent the law. so this past october when secretary of state hillary clinton is the keynote speaker at the annual conference for the american task force on paless stein -- paless stein an event which featured main araquad she has not quams about doing it. indeed she had a huge smile as she took the podium with the president of the tk force beside her. here's secretary clinton and her smile. and here's salae looking on. shame on you, hillary. shame on you. [applause] >> the task force itself is connected to the p.l.o. the founding president is none other than the former p.l.o. spokesman rasheed kalidi. you may have heard of him. his name came up a lot during barack oba's campaign for president. their web

. >>> and mahmoud abbas said there will be no further direct talks with israel unless it stops a moratoriumuted areas. >>> the house on wednesday passed measure that is about terror suspects being brought to the u.s. for civilian trials. >>> $6.4 billion of legislation signed wednesday by president obama. farmers filed a class action suit over discrimination and loans and government aid. native americans filed claims over water rights. >> the top u.s. military official said china must do more to curb aggressive behavior by its ally, north korea. chairman mike mullen said china must lead north korea to a better future. china's top foreign policy official visited them but did not say if the discussed the deadly military attack launched by the north four weeks ago. >>> for the first time in history, the panama canal was closed due to bad weather. heavy rain hit flood gates to the canal and half of all trade passes through the canal. >>> president obama was on the "mythbusters" tv show that uses technology to prove or disprove myths. and the president said he wanted to get children excited abou

like to respond to boand abbas. lice.here are savings to be made, they need to be done in terms of achieving more efficiencies. anotr contexts in which we are already spending way beyond defense expenditures of other countries combined. we account for 45% of the world military expenditure. is bob right that this is too risky? and where we define the efficiencies? >> i am not saying only efficiencies. i said the opposite of that. i think efficiencies are very important. if you are going to discuss the defense budget as much as mike is proposing you do need to think about the force structure, and we should. >> let me start with bob and see what i can say in response. frankly, i agree with everything except his last three sentences. and so i think that's part of why, as i say in the paper, i would only support the cuts here, i would only consider supporting the cs i lay out if it is part of a serious national effort of deficit reduction across the board, because my goal really is, even thoh we see the risk differently, my go

like to respond to bob and abbas. lice. if they are -- if there are savings to be made, they need to be done in terms of achieving more efficiencies. another context in which we are already spending way beyond defense expenditures of other countries combined. we account for 45% of the world military expenditure. is bob right that this is too risky? and where we define the efficiencies? >> i am not saying only efficiencies. i said the opposite of that. i think efficiencies are very important. if you are going to discuss the defense budget as much as mike is proposing you do need to think about the force structure, and we should. >> let me start with bob and see what i can say in response. frankly, i agree with everything except his last three sentences. and so i think that's part of why, as i say in the paper, i would only support the cuts here, i would only consider supporting the cuts i lay out if it is part of a serious national effort of deficit reduction across the board, because my goal really is, even though we see th