to the degree they have to go back to india or china, then that forces those other skill sets to be developed in those countries. there's an attrition of science and math that starts in high school. the first year of college drops off a lot at the end of college it drops off a lot. as people come to microsoft, more of the women move into marketing and general management roles than the males do. we have this incredible attrition, both in terms of absolute numbers and in terms of women and minorities. by the time you take an engineer who has been working for ten years, that's a very male, non-minority, it's a very asian and caucasian percentage that's doing that. how we can make math and science less daunting? how we can make the image of those careers different. i think there's good work doing on with that. some of the way that scientists taught in high school, i have a new online thing that's called big history that teaches the sciences in different ways. i know some universities have combined a number of the science courses. we really need to seek out best practices on that. those jobs, more

a lot of people they want to hire get sent back to india or china. really simple things. these are not complex things. >> i hear you, bill. and, john, listen, that's fine. but there's a darn good chance that in six months we'll have the same situation we have now. maybe the change of the senate doesn't switch. we have 33 seats up for vote. maybe it stays the same. maybe obama stays in, maybe romney stays in but the senate stays democrat. we could have this gridlock idiocy in d.c. for another four and a half years if not longer. what do we do? just wait? wait, wait, wait. at what point -- that's the point i'm trying to make. corporate america needs to say i'm just going to go forward with what we know today. you can't wait for change all the time. >> well, i think though if you're running a business, it's very difficult to do that because you have a fiduciary obligation to your shareholders. and you have to be able to be comfortable that your investments will make satisfactory returns. you can't ignore the context of the environment. and really to emphasize the regulatory

china is 83%. india believe it or not is only 39. the chinese are doing much better. china is doing 83% of the working age. india is only doing 39%. [inaudible] one peculiar thing that's happened in india is there's been a certain collapse of female participation in the world. the question is why has this happened almost certainly it's our classified. all the working class people do for. [inaudible] so as indy has risen, party for education, girls much more in education, and now -- [inaudible] fortunately the demographic show that as women get more educated, then they reenter the workforce. so i mean, idc very major benefit coming to india in the form of demography. that is a plus point but the other thing that ruchir does talk on, if you've been doing very, very badly your ability to grow faster and catch up sometime is quite bad. india is not only a poor country, and having -- your chance of catching are very high. [inaudible] even within india, we have a large number of backward states which used to be will be blow a nationally. they were very large states. they hav

suppose this goes into effect and we have to go to india or china. what our navy's be allowed to go there? at what point would date hold military stands without having reaction from the countries that we are approaching? right now, just out of curiosity, what does china considered to be their boundary off of their territory? when we expand all this, what do you think this will cost? yes, i think we should do this. guest: thank you for those very important and interesting questions. the first one really touches the most important issue in the law of the sea. whether or not -- navigational rights, u.s. security naval warships being able to go run the world's oceans. that was the number one security issue that i was negotiating. amongst other things, we want straights transit rights to have aircfrrafts fly over straits. prior to that, that was not clear. we got a better regime for innocent passage in the territorial sea. that is within 12 nautical miles. we have complete freedom of navigation and maintained within and beyond the 200 mile economic zone. f

so to the degree they have to go back to india or china, that forces the other skill sets to be developednough countries. so definitely there is, as you said, and attrition in terms of interest did not lie in that starts in high school. the first year of college drops off a lot. even as people compensate to microsoft as an engineer, more of the wind and then moving to marketing and general management type roles in the mails do. we just have this incredible attrition. both in terms of the absolute numbers and in terms of women and minority. so by the time you take an engineer, you're taking 10 years. that is a very male nonminority nonminority -- it's a variation and caucasian percentage that is doing that. how we can make math and science less daunting, how we can make the image of those careers a little bit different. i think there's good work going on with that. you know, some of the way science and high school. i've been a new online behind called a case jury that teaches the science in somewhat different ways. i know some universities has combined a number of science course is, but yo

that can't be in india or china. 900 million is a lot of people but not in the united states. >> that's knows who conducted the poll. was it conducted by google? >> good point. >> meantime, busy session even though the numbers don't prove it. what is coming up on "fast." >> social media is the rage. how about social trading? social trading, want to trade with your friend with, a colleague? we have the ceo of ditto holdings to talk about. that we're also taking a sneak peek into apple's apple os and trading the fiscal plus. lots ahead. >> we'll see you later. simon, the european close in a half hour. if you're just joining us, here's what you may have missed earlier this morning. >> welcome to our three of "squawk on the street." >> the euro-zone lacks the tools it needs to bridge itself through to the type of fiscal banking and economic policy integration which is ultimately needed. >> it's very difficult to make significant capital investments with the regulatory and tax uncertainty that businesses face. >> give me a reason why we should if, you're spanish and can you go to another ban

have to compare our price with bangladesh, we have to compare our price with pakistan or india, yeah, or even with chinaeporter: san francisco-based gap is the largest buyer of garments made in cambodia. it also buys from dozens of other developing nations. spokeswoman bobbi silten says gap, which owns the old navy and banana republic chains as well, has no plans to leave cambodia. >> we have very longstanding relationships with many of the vendors in cambodia. it's been one of our top ten sourcing countries for the last ten years. so we are very committed to being there, and we think that the labor standards that they have put in place is one of the reasons why we continue to stay. >> reporter: ken loo is not reassured. in 2008, when the global recession began, he says buyers, including gap, cut back in cambodia forcing many factories to close. at the same time, he says bangladesh with lower wages and no agreement to comply with labor standards saw an increase in business. >> it just confirms our knowledge that indeed compliance or labor standards is the icing on the cake. but price is the cake. >> it

we agree that they have to go back to india or china.hat forces those other skill sets to be developed in those countries. definitely, there is an attrition in terms of interest in math and science that starts in high school and at the end of college it drops off law. even as people come to microsoft as an engineer, more men and women move into marketing and general management type of roles. more women move and then the males do. we just have this incredible attrition, both in terms of the absolute numbers and in terms of women and minorities. by the time you take an engineer, a career of tenures, that is a very male nonminority, asian, caucasian percentage of doing that. how we can make math and science less daunting, how we can make the image of those a little different. i think there is good work that is going on with that. some of the way that science taught in high school is called the history that teachers teach science in different ways. i know some of the universities have combined a number of the science courses. we really need

financial damage and even in germany i alone in the world economy with the rising power like china or india. or existing superpower like us could be economic and they're just a midget so you know the europeans have to stick together to have their own weight in global economic and even political affairs many books including yours have been written as to the reasons behind the the housing market collapse in the united states what about in europe would you put the most blame on and how much is brussels to blame for what's happening right now so you know sometimes people tend to say the eurozone problems because of lack of fiscal discipline or fiske of recklessness that applies really the really only degrees c. has a reason to lie then cheat them that this is a fifteen percent of g.d.p. and the deficit blow up and then that led to the fiscal crises but actually in spain in the island was the private sector that that eventually led to the problems of having to bail out the banks large their physical rate their fiscal problem was all the fiscal problem the first place. so you know you cannot gene