subsidiaries overseas. they're keeping that cash there because we're one of the very few countries that does double taxation of profits. first they get taxed overseas and then we tax them again when they get here. most countries don't do that. that, i think, is a very serious problem and it's a job killer here in the united states. >> so victoria, that just shows once again that our tax code needs to be overhauled. just tremendous. there are so many problems with it that are keeping our economy down right now. >> absolutely. the apple example is fascinating because it shows what has evolved. really the last decade, this isn't a totally recent phenomenon where you get large companies like apple doing these artful, perfectly legal tax dodges, moving headquarters overseas. we've seen something like 50 of large multi national companies that were based in the u.s. ten years ago, no longer based here now. that's purely a tax move. yet you get medium and small size businesses, they can't pull off stuff like that.

that experience where bain capital actually invested in send sada and is now sending those jobs overseas nearly two hundred jobs and it's not that they're making that they're not making profits they actually are making profits it's just that greed has no bounds bain capital seems to be in the business of buy it strip it flip it fended overseas harvest. additional profit and throw the people in the workers in the community under the bus unfortunately it's the free trade agreements that enable the bain capital's of the world to steal our jobs and send them overseas so you know some would lay that mitt romney's feet but barack obama bears an equal responsibility for actually expanding these free trade agreements and right now there is a transpacific partnership being negotiated as we speak behind closed doors even congress is not able to know what's going on in this agreement but it has been leaked and what we know is that it will continue to offshore our jobs continue to undermine wages here at home and in fact undermine american sovereignty as well because this free trade agreement actual

but it was turned into a pipeline of support for servicemembers overseas. kate kelly reports. >> they were asking for tourniquettes, medical scissors, flashlights. >> reporter: it's not unusual for aaron negherbon to go calls at all hours of the day from the front is lines in afghanistan like the call he got from a marine corps major needing help. >> he said we just got into our base here in afghanistan and half of my unit is coming down ill because there's some type of virus or bacteria. he is on the phone with me. he goes i need 10 pressure washers and i need 2,000 feet of hose. he goes, can you do that? and i said, absolutely. >> reporter: aaron says. equipment was there in a week and so are most of the items that he ships overseas through the nonprofit he founded called troopsdirect. >> a lot of these items simply aren't readily available through the supply chain and if they are it takes weeks or months to go -- to get it. but with troopsdirect, they request it on day one and we are shipping within 24 hours. >> reporter: it started with a gift box he is

when i look around the world, i see countries like germany using overseas business that works to driven brazil, for example, 1700 members of the german chamber. 1700 members of the u.s. chamber's. how many does the u.k. have? just 240. we need to do all whole lot better than that. i have asked steven green, our trade minister to work at home and overseas to increase the quantity and quality of services offered, could relate to the smaller companies seeking to establish themselves abroad for the first time. he will begin within 8 million pound pilot and 20 keep markets and go on to lead a transformation that will change the face of british trade overseas across the globe. there are valuable markets out there that just have not received the attention from government that they deserve. places like to wait, vietnam, algeria, indonesia, rocco. we need to do more to get britain into these markets now. today i am personally appointing a number of senior parliamentarians from all political parties. they will engage directly with government in each of these countries and help open up the crucia

in companies that were shipping jobs overseas. >> jon: boom! >> you mentioned the navy, for example, and that we have fewer ships than we did in 1916. well, governor, we also have fewer horses and bayonets. (cheers and applause). >> jon: bam! >> the biggest geopolitical threat facing america you said russia. not al qaeda, you said russia. and the 1980s are calling to ask for their foreign policy back. (laughter and applause). >> jon: well, that was a little hackie. i mean that was -- that was a it will roasty. i wouldn't (bleep) your foreign policy with margaret thatcher's (bleep), come on! hickory dickory dock, your geopolitical understanding can suck my -- (laughter) sorry. that's -- no, please don't because then i'll do it again some night. (laughter) so the president had a good night. must have felt pretty confident because he was letting his professor or y'all side shine through. especially when it came to one country. >> we've created partnerships throughout the region to deal with extremism. in somalia, in yemen, in pakistan. >> jon: wha

treuate, we'll start buying companies overseas. we'll start hiring overseas. so there's a window here for a compromise with business. i think to get us and others to invest in this country, we're a loyal american company. we want to grow resources here. if the rates stay where they are, you're going to see most of our investment overseas. >> that's unfortunate and really extraordinary we don't have more compromise and more understanding of the implication of this from government. i mean, tim geithner has said in the past that they leave too much revenue on table if they change the tax. >> i think it's actually the reverse of that, maria. you leave jobs on the table. you leave taxes from those jobs. you leave taxes that would generate here in the u.s. on the table. every other country in the world understands that. i've just met with with the leadership up in canada. they are the easiest place in the world to do business. we're going to invest in canada and ottawa where you have complete cooperation with the providential leadership

. >>> they are also remembering members of the military away from their families serving overseas. in seven minutes we will show you how soldiers in afghanistan are spending thanksgiving day. >>> this morning the israeli military reported another soldier died from injuries sustained in a palestinian rocket attack that occurred yesterday before a cease-fire with hamas took effect, the second israeli soldier killed in the last eight days of fighting. meanwhile the fragile cease- fire seems to be holding as soldiers pack up and civilians celebrate. israeli soldiers are breaking camp today. while some are feeling optimistic others are skeptical about this new peace. >> today may be they won't fire, tomorrow maybe not, but next week, next year, next month, it will come eventually. >> big celebrations are underway in gaza along with a massive clean up effort. as of yesterday the border between gaza and egypt was also back open and both sides are claiming victory. >>> police are investigating a shootout that forced the shut down of westbound 580 last night. investigators sat passengers in

it's because they cost less, right, and they cost less now because in part they are made overseas.one example, but today we're taking a very hard look at the u.s. economy and asking where's the middle? where is manufacturing in this country, and can we have a recovery without it? where's the middle in this country, hard to find frankly. countries like china are trying to grow their middle class and are doing that by making things that the companies are selling then to our middle class and that's taking jobs from american shores and our own trade practices are to blame. take a look at this chart. the trade deficit with china has displaced more than 2 million jobs. the stdata from a left-leaning think tank. job losses were in computers and electronics. more than a million jobs lost in those industries over the years according epi. other industries hit hard include apparel, accessories and fabricated medals, textiles and furniture and plastics and rub, motor vehicles and parts. some companies are starting to see the economics of making appliances in the u.s. makes sense to their botto

be sent overseas. what happened? white republicans vote for white republicans. now white republicans are planning a black democratic president for their problems that they created. we do not have a job because they voted for the people who sent our jobs overseas. and now they are getting ready to vote for a man who said the jobs overseas. how stupid can you be? guest: i think one of the figures, one of the things we have seen and trade over the past not just a decade, but two decades is a steady flow of jobs overseas. it has been particularly battered throughout the past decade. when you say economies open up, you see the rise of other economies around the world -- there provided cheaper labor and an opportunity for businesses to source their production it differently overseas. and that has been a fact of this. it is not necessarily under a single president. this is actually a free trade movement that has gone over the course of well over two decades. that is important because a lot of the manufacturing jobs come a lot of the lower and production jobs are probab

overseas, cairo's tahir square is filled with protesters today. now angry egyptians gave himself sweeping new powers and gave islamists free reign. clashes between pro and antiprotesters who fear a new dictatorship is forming spread across the country. more than 11 people were hurt. >> they're not going to easily lose their voice. somehow. >> today, the u.s. state department were called on all to settle their differences peacefully. >> more than 100 cars and trucks collided in heavy fog. nearly 100 people were hurt. a husband and wife were killed after being crushed by a big rig. police say many people jumped into action after that crash. >> so i juched in the car, cl e closed the dar and then we all just braced each other. >> i just ran to the nearest car and started yavnging people out. >> investigators say fog played a big role. they say it distorted driver's perception. >> their yacht started taking on water today. the coast guard and several harbor masters stepped in. calm weather played a big role. >> they weren't dealing with a lot of diffi

ties overseas. he is going where no other american president has gone before. >> i'll be bought a pair of baltic. the drawing is minutes away. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so good. ♪ >> president obama on his way to asia now. on monday, he will be the first sitting american president to visit me and mark -- myanmar. >> president obama took off for asia on his first overseas trip since winning reelection. he will be attending a summit of asian leaders of the cambodia and stopping in the myanmar where he will meet a fellow nobel laureate. he cannot escape the looming crisis in the middle east. >> we are one step short of an all out ground operation in the dots that. >> israel has deadlyl attacks with hamas. or risk taking the nation over fiscal cliff that could imperil the economy. susan rice and her statemen

and they are good rock right at that point we have got to stop sending jobs overseas there will be a job sucking sound going south perot was right but no one in our government listened to it in the one nine hundred sixty s. one in three americans one of the three worked in manufacturing producing things of lasting wealth today after jumping headfirst into one free trade agreement after another only one in ten americans one out of works in manufacturing over the last decade fifty thousand factories in the united states have closed down five million manufacturing jobs have been lost they didn't disappear they just moved away to low wage factories like foxconn and foreign nations before regular on their won the right white house the united states was the world's largest importer of the raw materials and the largest exporter of finished goods as well as the world's largest creditor the richest nation but today we're the world's largest exporter of raw materials and importer of manufactured goods no surprise that we're also the world's largest debtor when manufacturing dies the economy go

and you would be able to resell anything made overseas as long as you have the permission of the original copyright holder. for instance, i am having a garage sale this weekend. some of the stuff was made overseas, so i am simply calling all the copyright holders to work out a profit sharing arrangement. here we go. okay. >> -- . >> stephen: elvis costello, it's stephen colbert. >> stephen, how are you? >> stephen: well, i'm okay, elvis. but i've got a problem. >> oh, gracious, how i can help? >> stephen: well, elvis, i'm having a garage sale tomorrow. >> a garage-- oh, a garage sale, oh, dow need any help setting up tables. can i be the cashier, i do love counting money. >> stephen: no, i'm sorry, elvis, sting is going to be the cashier. no, i'm just calling because i want to ask your permission to resell my old copy of my aim is true. >> well, obviously, we're friends but i have got to get my back wet on this. what kind of money are we talking about? >> stephen: i'm going to put it in the dollar bin. >> i'm honored. was's my take. >> stephen: i'm offering you 12 cents. >> stephen, that

so why would it stop overseas? >>> when we return, many happy returns.ong road home that so many veterans have traveled. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save you fifteen percent or more. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> for many military families, there's just nothing sweeter than the end of a long deployment when months of uncertainty and fear disappear in a sudden rush of hugs and kisses. that's what photojournalist dave jenkins found when some troops in washington, d.c. came home after almost a year in

you'll get penalized for sending jobs overseas or keeping them overseas and keeping their money overseas. i do not see free trade pacts necessarily doing the trick. we need to take care of domestic policy. the rest will follow. >> we need to have free and fair trade. we need to have trade policies that protect american jobs and workers that have environmental provisions, labor provisions that make sure it is an even playing field. we had american athletes competing in the olympics. wearing uniforms made in china. those uniforms could have been -- have could have been made here in rhode island. that is an example of how we have lost our way. we need to and policies that give tax breaks to companies that ship jobs overseas. we give them a tax break. if they have to move equipment, they can deduct the cost of moving the equipment. i have co-sponsored a bill in the house. this would in the tax breaks and incentivize companies who keep jobs in america's and create incentives to grow those jobs in our country and rhode island. >> some say making an issue of the american olympic uniforms was no

the other is to go overseas to find markets. the united states are going overseas, and we begin to build our empire. we build our empire in the philippines, especially in the spanish-american war, and what do we do with? we slaughter people. that is a crucial turning point, because that is where they look at trying to change. it goes against our tradition. it goes against our republic, and we see a gradual dilution of liberties and also an expansion of a militaristic mindset, which is a flip side of empire. tavis: i am glad you said that. to my mind there are at least three overarching themes as they go through this text. one of them is militaristic, because dr. king talked about three evils, and one of his three evils is militarism, and during his lifetime he called the united states the greatest purveyor of violence in the world today. let's start with this notion of militarism. i want to go back to this last debate about foreign policy, and i do not want to talk about the differences between obama and romney on foreign policy

we might have to start shipping jobs overseas. >> jon: start?e been shipping jobs overseas for years. >> i hate to say it once obama care kicks in i might have to make everyone an part-time employee to avoid paying their health insurance. >> jon: that is pretty standard corporate tactic. believe me, dude -- >> well no matter how hard you work i might just have to keep your wages stagnant. >> jon: that's already the case! >> jon, all these-- that you and your fellow c.e.o.s have been making are really exactly what the c.e.o.s have been doing for 30 years now. what is the difference. >> the difference, well, it used to be motivated by simple profit. now we're doing it out of spite. and as our final punishment to you we're leaving, jon. we're going golf, like an atlas-- here, here, read it. i'll wait. >> jon: i'm familiar with atlas shrug, john galt and other top industrialist as ban don't an ungrateful nation, formed their own society in a secret valley in colorado. >> yes. >> jon: that's what are you doing. >> we have already done it, jon. techni

after a while, that feeling switches on automatically. -- i feel so relaxed, as if i were really overseas. >> this is a professor at stockholm university's stress research institute has been studying seasonal depression in sweden for years. >> up to 4% of swedes present acute symptoms. many of them are in need of serious medical treatment. some have to take antidepressants. >> back here, locals are enjoying a relaxing day under the flood lights installed in their cowshed. it is definitely a spirit booster, but it does have one shortcoming -- there is no chance of getting a suntan here. >> ok, when we come back, we will have more on the situation in egypt that we have been reporting on. >> in the past few hours, the president of egypt has claimed sweeping powers for himself. stay with us for the latest. captioned by the national captioning institute --www.ncicap.org--

. >>> well, overseas now. new details in the deadly fire inside a bangladesh garment factory that made clothes for walmart among other stores. many of the workers who died were trapped by the flame because the eight-story building lacked emergency exits. at least 112 people were killed in the blaze saturday night. that death toll is expected to go higher we are just learning overnight that a fire has broken out in another garment factory in bangladesh. so so far over 700 workers making clothes for u.s. consumers have died in factory fires in the last five years. unbelievable. >>> and to capitol hill where top republican lawmakers are now saying they are willing to raise taxes in order to avoid going over the fiscal cliff. that's bag change for some politicians who promised they would never do that. abc's david kerley has the story. >> reporter: with some of his holiday shopping done, president obama may begetting a gift from some republicans, republicans who signed a pledge never to raise taxes. >> i will viol

his companies shipped jobs overseas. his an cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. . >>> two more members of a violent group police say were attacking people on d.c. streets have been arrested. a total of five young men have been connected to nine robberies and meeting -- beatings and there could be more. one, you're going to remember the most one. and near the eastern market in august. it left them in a coma. matt ackland is live with more on these arrests. matt? >> reporter: well, these two new suspects we're learning about have not been connected to the tc masselin beating on capitol hill. police say they were involved in other crimes with the three male suspects who did take part in the beating. right now, specials have linked the five suspects to nine violent robberies and there could be more. it was a brutal crime. tc masselin was found unconscious block away from his

. >>> investors overseas waited on the sidelines ahead of the u.s. presidential selection. tokyo's nikkei dipped a half of a percent. the hang seng lost half of a percent. wall street ended on a sour note. the dow lost 139 points while the nasdaq was down 37 points. even though gas has been hard to come by in storm stricken areas prices at the pump are trickling down. the price of a gallon of regular has slipped 21 cents over the last two weeks. the nationwide average is now $3.55. it's the struggle around here to get it, though. >> i was about to say. that's the talk of the town. ashley, good to see you. coming up, the investigation into a child killed by wild dogs at a zoo exhibit after he fell off a railing. this is the morning news. jack?! looks good ladies! jack! come on, stop the car. jack! no, no, no, no, no! the only thing more surprising than finding the perfect gifts.. niice. ...is where you find them. how did you know? i had a little help. this is how to gift. this is sears. want longer, stronger lashes? for your longest, most stunning lashes yet. one coat get up

. >> reporter: during his four years with the marines, he had been sent overseas, including a deployment to afghanistan which is why his sudden death over the weekend makes it hard to process. omar lived across the street from the devillena family. >> he serves his country and combs home and gets shot. >> reporter: he was shot and killed by palm springs police in a parking garage saturday morning. police say devillena and his friend gander recognizer to comments to officers -- began derogatory comments to officers. police say -- >> the suspect accelerated, directly towards the second officer, striking him and continued on with the initial officer suspended from the passenger's side window. >> reporter: police say the officers feared for their lives and began shooting at devillena he was pronounced dead. as they were investigating it became clear that devillena had just stolen someone's iphone and wallet. >> investigators began hearing the victim's stolen phone ringing in the suspect's vehicle. >> reporter: he said he wonders go his alleged behavior was the result of any emotional hardshi

he says crucial votes from some of france's overseas set -- territories were not counted. >> rebels in the democratic republic of congo have threatened to take the capital. they seized a strategic city earlier this week, and a spokesman told a crowd that they would not stop there. thousands of congolese soldiers and hundreds of policemen had defected to the rebels. and that india has executed the sole surviving gunman from the 2008 bombe attacks -- bombay attacks. he was hanged in a prison in india. he was one of 10 gunman who launched terrorist attacks four years ago this month, killing 166 people. >> time to get to sports now. in soccer, there was a full slate of champions league group stage games tuesday night. in group f, bayern munich split the points with valencia, meaning they are through to the knockout states. >> in group, barcelona was victorious. >> chelsea's defeat has led the team put the chances of regression hanging by a thread. >> no wonder then that the club has set its coach. he only took over the team back in march and led it to the champions league last season, but

troops serving overseas. other organizations mounting similar efforts include operation shoe box and the operation stars and stripes trick-or-treating for the troops projects. the year kids seeing images of the aftermath of super storm sandy may help. consider donating the treats to kids on the east coast. >>> now, maryland's most act -- accurate forecast. >> more information on how much rain and snow we got across our state from sandy. look at this rain total map. the highest totals was the eastern shore, 12 inches in spots. we think there are some indications that could have gotten 14 inches. that's why the flooding was so severe. more than half oi foot for most of the western shore. out in the western part of the state, several inches of precipitation. how much snow? red house over 30 inches. if you haven't seen the totals, they are shocking. two feet in oakland and nearly 30 inches in west virginia, even in tennessee gets 22 inches. still the state of emergency to the west, national guard trying to get in

. >>> in overseas trading this morning, the nikkei added 34 points but in hong kong the hang seng was down 17. >>> well, cyber monday figures are still being tallied, but according to at least one estimate, online sales were up 26% just by noon yesterday. all of that wheeling and dealing sent ebay to a seven-year high while rival retail powerhouse amazon also rose. tracking firm com score estimates that americans have spent nearly $14 billion online so far this holiday season. not bad. >>> meanwhile, the retail sector suffered what may be worries that lower prices will hurt their bottom lines in the long run. >>> optimism overseas may give stocks a boost this morning. after a marathon session of talks in belgium, international leaders cut a deal to free up funds for near bankrupt greece. >>> elsewhere, in brussels dairy farmers descended on the european parliament. that's milk there. they're spraying thousands of gallons of it in a protest at what they call excessive quotas and prices below the cost of production. >>> back here at home the fda has halted operations in the nation's lar

seven of the past ten post thanksgiving mondays were down days for the dow. >>> overseas this morning, asian shares were on course for their best gains in two months after manufacturing surveys of the world's biggest economies raised hopes for improving global growth. >>> facebook wants to stop letting users vote on changes to its privacy policies. the social network is concerned about the quantity versus quality of feedback generated by the current setup. the company says users will still be able to weigh in during a seven day comment period. >>> and the u.s. post office is hoping to cash in on the season's bounty of online shopping with same day package delivery. the expedited service will be tested in san francisco next month and if it's successful the program will expand to other big cities like boston, new york and chicago. >>> some incredible sports highlights are straight ahead, plus just 12 short years ago it was billed as the tallest and fastest wooden coaster, but now no more. we're going to tell you why. >>> weekend forecast is definitely talking about the big chill. all th

overseas. the decision was also made by the secretary of state and others not to deploy a foreign emergency support team which is an interagency rapid response unit composed of elements from the state department and others to help facilitate a response to terror attacks against the u.s. overseas. some officials suggest a team deployment of certain allowed the fbi access to the site in benghazi much sooner than the 24 days that would eventually take the fbi to get on scene for security reasons. fox has been granted access to internal e-mails to document the frustrations of senior officials within the counterterrorism community, but also e-mails that suggest there were warnings from the conflict itself on septemb september 11 that they believed members of the libyan police force had photographed the consulate earlier in the day and possibly the libyan police were involved in some sort of surveillance of the conflict. and as we have previously reported, sean smith mentioned in his online post that

to all of america's fighting men and women overseas and those who have returned home.'re looking at a live shot of the tomb of the unknown soldier. once again, a big salute to all of our fighting men and women. >>> but we're going start here this half-hour with that mystery and fatal explosion in indianapolis. look, more than a dozen homes destroyed. abc's john schriffen is on the story. john, good morning. >> reporter: our affiliate is now reporting at least two people are dead, eight others injured. the blast rocked the neighborhood when many were asleep. forced to quickly grab their pets and flee in their pajamas. authorities have been using searchlights going door to door to see if the number of victims will grow. those at the scene said it looked like a war zone. a deafening explosion late saturday night, left this quiet suburban neighborhood up in flames. two houses leveled. two others set ablaze and more than 200 people forced from their homes. the scene, collapsed walls and metal from cars melted. the blast could be heard from miles around. compelling neighbors

we pay taxes overseas. we pay taxes here. we pay other forms of tax as well. i think that story hasn't been told. the fiscal terms that are in place here for our industry, for example, if punitive taxes were imposed on our industry, would impact our investment. i hope that's not where we're headed. i think there is a case to be made that we pay our fair share of taxes, and i work hard to try to communicate that. >> talk to us about an energy policy. what would you like to see in the election is behind us. what should a proper energy policy look like to do everything you're saying, create jobs and, in fact, take advantage of this opportunity that america has. >> i think the energy policy sometimes is made more difficult than it needs to be. to me, there are three things th that you need focus on. do you want affordable energy, do you want secure energy, and the environmental characteristics you want. we talk about those one at a time. we need to talk about those together. >> let me ask you a few questions about from the investment community. i guess the biggest

news hit that apple paid less than 2% on overseas income tax.ning the ranks of other big blue chips using european tax havens to lower their overall bills. is this a fair move or a dodge, eamon javers? >> well, look. i donts know enough about tax policy to say fair move or a dodge. i do know something a little bit about politics. tax gurus who come up with these lines need to come up with better marketing. the double irish with a dutch sandwich is a strategy. that's something that people -- that's not going to poll well. people are going to hate that name. you got to call that grandma's retirement fund, it will poll better. sort of like the way they change the estate tax to the death tax. suddenly people started to hate it. you got to rebrand these tax strategies. >> it is completely fair an an apple shareholders. this is what i want them do. the lesson is they keep a lot of that money offshore overseas. why? because our taxes are even higher. we should lower corporate taxes, allow companies to repatriate that money. wouldn't we rather have all

. >> stop moving jobs overseas, and some companies are starting to bring it back. >> the good news is coming from an unlikely source. how a robot could help land you a job. >>> from the cbs 5 weather center, good evening, everybody! we have in the forecast unseasonably warm weather. and unseasonably cool weather. we'll pinpoint that forecast as eyewitness news continues. ,,,,,, this is hayden. ,,,,,, that's elizabeth. and that's skyler... and his mom, nancy. they're just a few of the californians who took it on themselves to send you a message about what they need to restore years of cuts to their schools. prop thirty-eight. thirty-eight raises billions in new revenue - bypasses sacramento and sends every k through 12 dollar straight to our local schools... every school. for them. for all of us. for real people to do the >>> robots have long been considered the foes to job, since automation lessened the need for real people to do the work. but as joe vasquez shows us, that concept may have turned on its head. >> reporter: in the movies, some of them are smart. others are helpful. >> i