louisa, back to you. >> thank you very much. so a full round up heading further into our session of trade today in europe. in the the u.s., though, it's been a grimmer picture. major u.s. indices have fallen by 5% since election day. this month already stacking up to be the ninth worst november for the dow and s&p 500 since 1973. we're joined now by michael croft crofton. we're looking implied open being slightly positive. we have bernanke speaking this week, housing data out, and then thanksgiving which means it will probably tail off into a bit of a quiet end to the week. how do you think, though, that u.s. investors particularly are focused on on equity market trade, are they waiting for the fiscal cliff deliberations or positioning now? >> i think they're waiting for the fiscal cliff deliberations. i don't think we go over the fiscal cliff, but i don't think we're close to a solution. in 40 days, we won't get to a solution that will take away 25 years of prove la gat spending. so they're waiting and watching what's going on

louisa spoke to the international advisory panel and asked about the findings of the report. >> the findings are around the fact that the world is changing, the landscape has changed. places that used to be attractive before maybe aren't so attractive now. northern europe is still attractive, southern europe is a let's not go there. the bric companies, they're almost seen as safe havens now. but some of the lessons are there are issues, there are local customs and cultures that may make it difficult. there is going to be ethical question marks and krupg. there may be currency exposures. and i think the lessons for the smes are really if you can look at that list of reasons why not to and persuade yourself you better stay at home. what the economy ought to be saying is you can't stay at home, you have to look abroad. the conclusions this year are there is not a flight to safety, take your business to the safe are havens, not so much the riskier havens. to me the issues are businesses need to understand there are difficulties, but they shouldn't give up. critical things to get right are choose

louisa bojesen caught up with the vice chairman of the standing committee of the national people's congress and asked him just that. >> different leaders have different leadership style, but generally speaking, they will follow the existing policy. so this will be no substantial changes. >> what do you think china's role should be in addressing the issues in europe? >> well, on the one hand certainly we would like to do our best to support the eurozone to dealing with the crisis. but on the other hand, we are still a developing country. our capability is limited. so we would like to see what we can do. but certainly we would regret to see the eurozone overcome the difficulties by themselves. >> do you think that european leaders are doing what they should be doing at the moment? >> well, actually, i think in short terms, i think that's fine. because you need to cut the governmental expenditure. you'll need to cut the soescial roles to reduce the debt. but long range point of view, i think development economy growth still needed to recover. so it's the balance between short term and long ter

. >> movies adams was born louisa johnson.er father was in the american consul when london when the two of them met. she was born in london but her parents are american and they were brilliant brilliantly educated. she had an education at home but she could read latin and greek and was well versed in the history of literature so they fell in love and had a long war marriage of more than 50 years. they had their ups and downs as most families to and they had more than their fair share of tragedies. she was subject to many miscarriages. they lost a little girl when she was just a-year-old. she got dysentery in st. petersburg russia and two of the three boys died of alcoholism and survived charles francis and gave them some grand children so they doted over the grand children for quite awhile but most of the time they were very, very happy. you mentioned he was a grouch and occasionally he was. i really can't explain it. if you ask them what happened, in berlin the suffered a miscarriage and he was quite pale and the empress sect

for louisa, jus the thoughtf workg in a restaurant teified her but she says after a dayf training i realizedl worth it, she says. owner jody aravella grew up in a big italian family when he openedheestaurant in 2007, he decided he wanted his restaurant to feel like his ildhood. >> i recreated that exact same feeling that i was missing. it was having grandmother in the kitchen cooking. >> i love this. >> they plan the menu when they arrive at work. base on available ingredients and what the other grandmothers ha made on the past da not only the owner knows what's cooking. >> i'm only the boss in title. who do you think the realosses are hear? >> they share recipes and help each other and always welcome new cook in the kitchen. >> how is that? >> very good. >> i guess i'm inharge now. though it's a job, for these grandmotherstsn't business, it's personal. >> we cherish and we take pride in everything that we co. our dishes have to be tour standards. we will not send it out or have anybody eat it unless it's perft to our taste. >> they cook for everyone like theyre family. >> that's how we do i