development bank also ways to trade and lend each other's currencies now we'll talk to investor chris mayer who is out with a new book where he argues the narrowing of the gap between the emerging markets and developed economies will be the most important long term investment pain of the twenty first century give us details meanwhile the former i.m.f. president is charged with aggravated pimping the united states world bank nominee is under fire for not wanting to pick out the developing world will discuss let's get to today's capital account. ok today we thought that we should take a break from our usual fare of fraud corruption and too big to fail model like domination to talk about some opportunity because as we've discussed on this show regularly we know in the u.s. we can't save that interest rates are repressive and are just crushing savers who are losing money home values continue to decline prices fell for the fifth month in a row in january to the lowest level since early two thousand and three you can see in there we got those numbers today from s. and p's case shiller index and i

book i have it right here it's the world right side up investing across six nations the author chris mayer joins us now thank you we are so excited to pick your brain about this i was saying before we started that you're probably everyone's top invite for their dinner parties or whatever to take all this knowledge out of you let's just start with kind of the thesis of the book before we get to investing because you point out where is the u.s. used to be dominant in terms of global production. that gap between the u.s. and everybody else has really been narrowing and the what they're trying to like because when you're century and and aside from the end that's meant you call this the world right side up and you don't think it's a bad thing you don't think it you think it's a good thing you think this is how it ought to be why is that. process of taking over taking place over a long period of time and probably some time in the one nine hundred fifty s. which remarkable to think that in the one nine hundred fifty u.s. alone represented half of the world's manufacturing output and the us wester

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown,eginning of my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç long ago today whats right and defied the goodçq forç the city of san francisco. çtogether weç have plenty ofxk ahead of us, and i humbly ask for yourççç help and support. forxd now, i am honored, and i wouldçñr like to askççoku!cea joyous occasion. thank you, from the bottom of my heart. çççççñrxdççç[cheçççç zçthank you,vç ççmayor brow. ççç[applause] çç [applause] [cheers and applause] >> they were all telling me how excited they were to do an inauguration last year. but it was just for that local mayor of san francisco. and now -- i thought maybe when they were great, when they were old and you guys had kids and grandkids, you would talk about that inauguration you had at city hall. that's all going to be forgotten now. i'm not even an asterisk. we're here because we're proud. we're here because we're

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown, who saw potential in me right out of college. i would like to thank allçççu have assembdee hereççç raisee from the beginning of my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç long ago today whats right and defied the goodçq forç the city of san francisco. çtogether weç have plenty ofxk ahead of us, and i humbly ask for yourççç help and support. forxd now, i am honored, and i wouldçñr like to askççoku!cea joyous occasion. thank you, from the bottom of my heart. çççççñrxdççç[cheçççç zçthank you,vç ççmayor brow. ççç[applause] çç >> want to thank you all for coming out on this beautiful san francisco winter day. we are delighted to be here in chinatown. thank you to all of you who came out. there's going to be some noise during this event. this is a very busy street. that's one of the reasons we are doing this project. we are here today -- i am transportatio

justice sonya sonya so sonya -- sonya so toe mayer -- sonya soto mayer. >> healthcare is an incredibly personal issue. my father passed away from lung cancer. one of the reasons it turned fatal for him was because they weren't able to catch it early enough because he didn't have health insurance. >> i don't want somebody else deciding whether linda dorr has surgery or takes a pill. >> reporter: reporting live from washington, d.c., alley sop burns -- alison burns, ktvu channel 2 news. >> thank you, alison. >>> an open microphone caught president obama in a candid moment with russia's president. president obama asked russia's president for flexibility over nato's planned -- [inaudible] >> president obama also met with korean leaders also to talk about weapon control. >>> on the campaign watch the republican front-runner mitt romney is scheduled to arrive in the bay area just a few from now -- a few hours from now. romney is expected to arrive at redwood city this afternoon for a fund-raiser at the sofitel hotel. purk the event is -- hotel. the event is being hosted by meg whitman. rick

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown,eginning of my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç long ago today whats right and defied the goodçq forç the city of san francisco. çtogether weç have plenty ofxk ahead of us, and i humbly ask for yourççç help and support. forxd now, i am honored, and i wouldçñr like to askççoku!cea joyous occasion. thank you, from the bottom of my heart. çççççñrxdççç[cheçççç zçthank you,vç ççmayor brow. ççç[applause] çç

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown,ning of my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç long ago today whats right and defied the goodçq forç the city of san francisco. çtogether weç have plenty ofxk ahead of us, and i humbly ask for yourççç help and support. forxd now, i am honored, and i wouldçñr like to askççoku!cea joyous occasion. thank you, from the bottom of my heart. çççççñrxdççç[cheçççç zçthank you,vç ççmayor brow. ççç[applause] çç >> hello. you're watching the show that explores san francisco's love affair with food. there are at least 18 farmers markets in san francisco alone, providing fresh and affordable to year-round. this is a great resource that does not break the bank. to show just how easy it can be to do just that, we have come up with something called the farmers' market challenge. we find someone who loves to cook, give them $20, and challenge them to create a delicious m

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown,eginning of my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç

mayer, please. >> good morning, everybody. i want to thank all of the supervisors, my posse for being here. thank you for the introduction. hall also want to give special thanks to tony and kiko for your leadership. p j from the commission is also here. we are a very special city, of course. as you know, charlotte and i have been working together for the last eight months, celebrating this wonderful diversity in the city as we will and in so many international visitors that come in. every opportunity we have, we market, but we also say, if you what a great experience, go to the asian. see what we have. it is one of the few cities to have its own asian art museum. that is a wonderful reflection of our city's commitment to not only the history of the population and growth and ties to the far east, but also honors the diverse art we have in the city. so many museums are looking at how they can contribute to not only the residents here, but what i think the nation is on course to do, something that i know charlotte and i talk a lo

antiwhite to mayer brown, whose job potential in me when i was right -- and thank you to mayer brown,f my career to this juncture. you supported me. you shared with me, you laugh with me, you stood by me. and because of you, and i am committedç long ago today whats right and defied the goodçq forç the city of san francisco. çtogether weç have plenty ofxk ahead of us, and i humbly ask for yourççç help and support. forxd now, i am honored, and i wouldçñr like to askççoku!cea joyous occasion. thank you, from the bottom of my heart. çççççñrxdççç[cheçççç zçthank you,vç ççmayor brow. ççç[applause] çç there is really, only one boy... one girl... one tree... one forest... one deep, dancing ocean... one mountain calling... one handful of sand through our fingers... one endless sky overhead... and one simple way to care for it all. please visit earthshare.org and learn how the world's leading environmental groups are working together under one name. earth share. one environment... >> good morning, everyone. i am the executive director of the bay area. we do not g

song god was outstanding in his fourth round against germany's florian mayer as he played a near perfect match with controlled aggression and heavy hitting from the baseline some guy hit twenty seven winners while mayer simply couldn't keep up with just five winners of the course of the entire match. meanwhile top seed and defending champion jockey also cruised into the quarterfinals defeating seventeenth seed gask a seven five six three. rare will be the one standing in the way of djokovic in the quarters after that consists in spaniard one of break points once in the first set and swipes in the seconds of clinch a six three six three passes for a dual against the defending champion. while the buzz and you're right he got the feeling rejected or turns into a hangover when his next opponent want marco capsulized to be a spy breakpoint option is ease in the second set just to secure his first win. against its inside miami champion seven five six love marco now face is the last american hope of the tournaments mardy fish. fisher became the pranks us player after his semifinal run at crando

joe will fritz on go to end zone god was outstanding in his fourth round against germany's florian mayer as he played a near perfect match with controlled aggression and heavy hitting from the baseline some guy gets what is seven winners while mayer simply could not keep up with just five winners over the course of the entire match. meanwhile the top seed and defending champion the voc jock of each also cruised into the quarterfinals defeating seventeenth seed rashard gask a seven five six three. a rare will be the one standing in the way of jockey in the waters after the consistent spaniard won a breakpoint once in the first set and twice in the second to clinch a six three six three to ask for a duel against the defending champion. while that was andy roddick got from the defeating federer turned into a hang over when his next opponent won monaco capsulize on three of his five break point opportunities in the second set to secure his first win against that suits on miami champions seven five six twelve marco now faces the last american hopeful but certain men's mardy fish. fisher becam

i have found my place here and i have mentioned, i began my career here in 1996 with mayer brown. i realized then in my 20's that i needed to pursue higher education. and it helped the mayor said he would never give me a raise or promotion on till i went back to school. i enrolled in the university of san francisco law school. i got my j.d. and pass the bar. -- passed the gar. -- bar. [applause] san francisco has been my home. six years ago i was married here on the steps almost six years ago to this month. [applause] some are clapping, some are not. [laughter] it has been a fundamental time for my family and i having been nominated. by mayor ed lee and i am grateful to that community and i am grateful to the mayor and the board of supervisors who are considering this nomination. i vow to do the best job i possibly can for the city and i have -- as i have done from the outset of my city career. i will continue to draw inspiration and guidance from the black woman in our history and culture who have paved the way for me and others with their relentless fight against prejudice and i

mayer, president, thank you. thank you to everyone who has made this a reality. i look forward to making our infrastructure even better. [applause] >> another big hand for scott, who worked tirelessly to make sure that this happened. [applause] the next person i am going to introduce is a member of the planning committee and is responsible for implementing and developing the 10-year capital plan, a supervisor and or president david -- and board president david chiu. >> it is great to be here. this is a wonderful celebration. i am sorry i am late. i spent this morning going through four different districts. i experienced many of the pot holes in those districts. this is wonderful. it has been a long road. many years of wanting to get this measure done. in 2009, mayor newsom and i proposed this out of the work of capital planning. we did not have enough support. we knew where one might region were not able to pass it during the recession in 2009. we knew we were not able to pass it in 2009 because of the recession. mayor lee and i were a bit distracted last year. i

mayer, welcome back. if you like to say few words, i would like to give you that opportunity. mayor lee: thank you and thank you to be of public for being here today. we have some exciting initiatives happening in san francisco and before we dive into the important questions, please permit me a moment to discuss some of the more impact fall programs we have lunch and expanded in recent weeks. we announce the completion of the first round of the electric vehicle charging stations. we have been making progress greening our city and making it easier for residents to charge electric vehicles. i should mention these vehicles run on 100% a renewable energy generated from our hetch hetchy dem. we also received a $5 million grant for the technical schools training grant to jump start to work force training program in san francisco. together, we have launched the invest in neighborhood investment program to revitalize the city's neighborhood, commercial corridors, strengthen the bread small businesses and boost job creation. finally, we have laid out an extensive calendar of community