one example of supranationalism is the european union-- an economic alliance designed to improve europeanompetitiveness in the world economy. but this alliance is more than just economic. it is also europe's attempt to forge a community with common values, even as individual state identity is maintained. strasbourg is located on the border of france and germany and has endured centuries of conflict between those two nations. today, it is one seat of the european union-- a symbol of modern unity. as political boundaries become more permeable, perceptions of place change as well as deeper, more personal meanings of national identity. when state boundaries become porous, what does it mean to be french or german or european? strasbourg serves as one of three centers for the european union. this medium-sized city of 250,000 is not a major player in europe's financial or industrial arenas. so why is it playing such an important role in europe's political future? the answer can be found in strasbourg's cultural history-- a product of its unique borderland location. strasbourg literally means "ci

is just to establish his position inside the former soviet union, creating the custom union, economical unionmany other things. of course, he want to be presented in the world and member of the g-20 as any of this country's wanted it to be on this stage and present their point. but they will not -- interest don't challenge united states like it was during the cold war and when my father was in power. it was only two powers in the world who try to deal with each other. >> that's for sure. it was simpler back then. for his part, vladimir putin relied heavily on the u.n. security council as a place to exert his control on the world stage. he stressed its important roll in the op-ed that ran yesterday. nikita crews chief, your father knew the iconic value of using the u.n. in a different way. for theater, whether pounding the table in protest or disrupting a speech in protest. he used confrontations to command attention. take a look. >> none of us particularly were welcome in our countries, a large number of officials. a large number oaf physicians from abroad. a large number of -- [ inaudible ]

putin position is just to establish his position inside the former soviet union creating the economical unionnd many other things. of course, he want to be represented in the world and the leading member of the g-20. as any of these countries wanted to be on stage and present their point. but they will not -- interest or challenge the united states like it was during the cold war and when my father was in power. only two powers in the world who tried to deal with each other. >> that's for sure. it was simpler back then. for his part, putin relied heavily on the u.n. security council. he stressed its role in the new york times op-ed yesterday. your father knew the value of using the u.n. in a very different way, for theater, whether it was pounding the table in protest, or disrupting a speech in protest. he used confrontations as a way to command attention. take a look. >> none of us particularly were welcome in our countries, a large number of officials, a large number of officials from abroad, a large number -- i'd like it translated, if you would. certainly. >> perhaps most well-known disru

from this understanding this joint work with its partners towards establishment of the eurasian economic union i think russia touches great importance to achieving the millennium development goals and drafting on their basis the global development agenda for the post twenty fifteen period. its main priorities are the eradication of poverty and supports economic growth through expanding investment opportunities and creating new jobs. we should we need for the folks who will be with you know you think you can finance minister of energy and transport infrastructure the fight against infectious diseases and road safety are among the most urgent issues cooperation between states should rely on officials mechanisms and a sufficient resource basis and in this context we support the further strengthening of the cordoning role and potential of the un economic and social. council it was during its presidency of the group of twenty is consistently conducting its policy with a view to developing the group's interactions with the united nations we consider the resolution of the general assembly on relation

union jobs continue to offer higher salaries, pensions, health care, benefits that give families, the economic security they deserve, the security to be able to sind their children to college or trade school. you see, i know firsthand, because my dad was a union worker. oftentimes, i would say, i was able to go to college because of union dollars. this is the american dream and unions have helped ensure that more americans have a chance to live it. in central ohio, in the 3rd congressional district of ohio that i represent, labor unions are strong and a significant part of the community. during my august recess, i had the opportunity to visit the sheet metal workers' union, local 24, located in the district. i also had the opportunity to have a laborer' town hall meetings and tubing to those teaching our children, talking to workers, improving our infrastructure, police and first responders and electric workers, those working in transportation, he postal service, nurses, our local, state, federal and municipal government employees, those that assist us every day and their work improves our com

, the idea of uniting many of the former soviet countries back in a tighter economic union to provide a big market that would be something like the old soviet economic system like the expanse, not the system. this expands -- explains, putin is not really interested in a global type of monetization .ased on globalization that happens to coincide. these are separate issues, but it happens to coincide with the of theteve identified domestic political threat represented by the creative .lass, based in moscow it exactly represent and are connected to the global economy. they are the future of russia, to decide to become truly modern and competitive in the global economy. they will always be key. they have to be empowered. they have to be multiplied. therefore, will not have to listen to their other aspirations, including political aspirations. he is afraid of that and will not let it happen. are against him.eople he cannot empower them further your it for that reason alone, he cannot proceed along the path of modernization based on global integration. the other argument i gave a

russiaunderstanding towards the establishment of the economic union. russia attaches importance to achieving the millennium develop goals and drafting the global development agenda for the post- 2015 period. it's main priorities are the eradication of property and support, economic growth through expanding investment opportunities and creating new jobs. enhancement of energy and transport infrastructure, the fight against infectious diseases. cooperation between state should rely on efficient mechanism and a sufficient resource basis. in this context, we support the further strengthening of the coordinating role of the u.n. economic and social council. during its presidency in the group of twenty, russia has consistently conducted its policy with if you to developing the groups international with united nations. we consider the resolution of the general assembly on relations between the u.n. and g-20 to be a realistic program of cooperation for the long- term. i firmly believe that by joining on the basis of respect and consideration of one and all, we

putin position is just to establish his position inside the former soviet union creating the economical unionnd many other things. of course, he want to be represented in the world and the leading member of the g-20. as any of these countries wanted to be on stage and present their point. but they will not -- interest or challenge the united states like it was during the cold war and when my father was in power. only two powers in the world who tried to deal with each other. >> that's for sure. it was simpler back then. for his part, putin relied heavily on the u.n. security council as a place to -- "the new york times" op-ed ran yesterday. crew chess, your father, knew the value of using the u.n. in a very different way for theater, whether it was pounding the table in protest or disrupting a speech in protest, he used confrontations as a way to command attention. take a look. >> none of us particularly were welcome in our countries, a large number of officials, a large number of officials from abroad, a large number -- i'd like it translated, if you would. >> perhaps most well-known disrupt

unions are market economics. a tbt society as a whole, you would favor unions -- >> -- grocery store not paying $15 an hour to employees to start? why aren't they doing it? >> a red herring. >> no -- >> i'm raising a fundamental issue that unions represent market economics. union represents market economics, because you have informed people on one side. the u.s. supreme court definition of a market is you have to be informed, you have to be without any restraint upon you, and you have to reach an agreed upon price. that's not what's going on when you don't have a union. >> here's what's happening. at walmart and at a lot of other companies around the country, you're supposed to have the freedom to organize, to form a union. >> exactly. >> colby and his coworkers should have that freedom of association. that doesn't happen. routinely, employers break the law, they fire workers for collective activity. >> and there's no penalty. >> there's no penalty. >> so they keep doing it. >> i want to point out, i think that th

union needs to be our political horizon. is not the demand of a passionate european. this is the way to ensure the future. policies, namely our economic and monetary unions, depend on the construct that supports it. commissionped out a blueprint for a monetary union and the necessities and possibilities of deepening our institutional set up. step, one phase after the other. as announced last year, the intention to present further ideas on the future of our union and how do best consolidate and deep the community approach in the long term. that way, these ideas can be that isto a debate necessary for a true political union. we can only meet the challenges of our time if we strengthen the consensus of our political objectives. in this area and those outside of it. between north and south and east and west. the european union must remain a project for all members. economically, europe has been a way to close gaps between countries, regions, and people and, must remain so. remains andbility we must complement it with european solidarity. for that reason, strengthening the social guy mentioned is the socialy to come with our ours. -- partn

banking union, economic union are the priorities to get that as well. cope our eyes on that. plenty to get through on today's program as india's inflation prices are rising. five year zone from bankruptcy. we'll catch up with the former ceo dick fult. >>> and as the crucial election nears, the german chamber of industry and commerce. and london fashion week has hit the u.k. capitol. we'll chat with sir phillip green. if you have any thoughts or comments please e-mail us worldwide@cnbc.com is the address. >>> larry summers has pulled his name. he had faced fierce opposition from within the democratic party hurting his chance to be confirmed by congress. at least four members of the senate banking committee had said they would vote against him. he was seen as the front-runner over janet yellen. in his letter to the president summers acknowledged the tough fight he'd face on capitol hill saying any possible confirmation process for me would be ak krim money yous and would not serve the interests of the federal reserve. summers, as i said, pulling his name because of that opposit

the best way to overthrow the power of the economic royalists of course is to unionize the workforce to turn the factory floor office into a small d democracy sounds simple enough right for republicans it made it their top economic priority to bust unions and hand power back to the economic royalists those who that signed the head of the picket line joining me now is near my cave welcome back great to be with you tom good to have you to give the green room was like the lincoln brigade reunion this is quite a show you and i. so why do you hate democracy bags actually speaking of you know it is democracy going to have the royalists i think what people i think everyone everyone has a soft spot for the worker everyone admires what the labor unions have done in this country to improve benefits of working conditions and pay but it may be too much of a good thing that when the unions defend hacks when the unions defend postal workers who are rude and obnoxious to them when they defend bad teachers when they defend bad cops when they defend bad football players people say what's going on ther

we did have the hindsight, i think we would have wanted to put in place a stronger banking union, more economic policies, possibly more transfers of resources to strengthen some of the institutions on the periphery, so we use them in a more transparent, more effective, more growth-oriented way. >> one of the things heavily discussed is the banking system around the world. do you think banks arod europe are well capitalized today? >> i would say that what lehman brothers tells is, i think the lack -- one of the problems of our democracies, we needed to have more transparency. we needed to have more understanding. we needed to have more institutional oversight of the financial system. because what happened was, we were being told that these aaa bonds being sold all over the world, not only in the united states, but to billions of others, were aaa. in fact, they were junk bonds. it was somewhat of a fraud. i am somewhat unhappy, five years later, that we still have lingering problems in our banking sector, and people mistrusting each other -- banks and governments, governments and banks, investors

so we have mapped out in the commission blueprint for a deep and genuine economic and monetary union,not only the economic and monetary futures, but also the necessities, possibilities, and limits and deepening of our institutional setup and the commission will continue to work for the implementation of its blueprint step-by-step, one phase after the other. and i confirm as announced last year that the intention to present before the european elections, further ideas on the future of our union and how to best consulate gate and deep in the community method and the community approach in the longer term, that way these ideas can be subject to a real european debate and they will set out the principles and orientations that are necessary for a true political union. honourable members, we can only meet the challenges of our time if we strengthen the consensus on fundamental objectives. politically we must not be divided by the differences between the euro and those outside of the area. the union must remain a project for all members, a community of equals. economically europe has always b

economic cycle. abe addressed the inaugural meeting of government business and union leaders on friday. they called on the government to take bold steps to maintain the recent economic uptrend. they said they will eventually lead to higher wages. labor union officials asked abe to address the issue of disparity between workers, and large and small firms as well as problems nonregular workers are facing. >> translator: japan's economy is regaining vigor. the next challenge is to bring about a positive economic cycle that leads to corporate profits, higher wages and more jobs. >> abe expressed hope that the leaders will hold frank discussions to achieve the goal. his administration plans to hold three-way talks about five more times this year. >>> sales at department stores in japan increased in august for the first time in two months. the japan department store association said sales at more than 240 stores around the country amounted to more than $4.3 billion last month, up 2.7% year on year. heat wave pushed up sales of summer goods, that included clothes, parasols and cosmetics like su

a lot that the european union is instantly rushing to buy even presuming that the european union had economic growth and was really aggressively buying things in the first place given the fact that it has an incredibly significant russian minority population to simply turn its back on russia moreover as we know ukraine has had difficulty paying its gas bills and of course we all know that in the macro picture ukraine's economy is somewhat challenge in that respect ukraine needs to be very very careful in some degree is there treading on thin ice and certainly upset at russia seems to be somewhat trying to rid curative to recent history it's a very challenging thing to try and work out exactly what is the advantage to this deal for either party the european union the u.s. or trying to get ukraine over to their side but it's very difficult to see ultimately what can be the long term benefit for the people when the european union has so many problems to sort itself. well straight to our tease world update now starting with sudan violent clashes a lifting of fuel subsidies have left at least twen

roosevelt captured the high ground in his state of the union message with the economic bill of rightspublicans were forced to say "me, too. jobs for all." the air was full of it. we had to have jobs for all. however, after working in the campaign, i began to feel, "this is nice rhetoric. will they do things?" out of that thinking came the original full employment bill. based upon the idea of both parties committing themselves to jobs for all, let's have them write it down in legislation. bertram gross drafted a full employment bill that was introduced in the senate in january 1945. it instructed the president to use a variety of approaches including spending programs, to promote full employment. much of the theory came from john maynard keynes. keynes argued that an industrial economy could get stuck at high levels of unemployment. the depression proved this. he predicted strong government intervention such as tax cuts and spending programs would restore prosperity. this seemed to be happening during world war ii. by 1945, many people accepted keynesian theories but were reluctant to

bases from poland to pakistan in the strategic ground from the emerging economic competitors of the united states -- the european union on one hand and china and japan on the other. >> the u.s. as of formal policy of maintaining military dominance of the persian gulf area. it is called the carter doctrine, after president jimmy carter. he said "protection of the flow of persian gulf oil is of vital interest of the united states, and to protect that flow, we will use any means necessary, including military force." to that end, he said we will need military bases in the persian gulf area, and he established military bases to support this policy of protecting the flow of persian gulf oil. and then wars were fought as well in line with that policy. >> east and west are united in pioneering and new frontier of progress. serving the interests of the saudi arabs, serving the interests of the united states, and demonstrating the vitality of the american system of free enterprise. a system which, from this new frontier, is pumping into the trade of the world oil. one of the materials making us -- making a truly great contribut

economic performance. in terms of ttip, what is significant here is that turkey has incorporated 55% of the european union's key rules that govern the internal market. you could say that for all intents and purposes, turkey is part of the internal market there. even though the european unions lace in turkey's overall foreign 47-49% infallen from the late 1990s to the early today, thebout 38% eu is still the largest partner of turkey as far as foreign trade goes. through the interviews that i made i came to realize how businesses in turkey are trying to give priority to what they call the one and a half percent profit they're going to make with business in the european 80%, 90%, 100% profit in other places in the world. investment that comes to turkey is from the european union. 65% of turkish investment over -- investment abroad goes to the european union as well. this is also a. during which turkey's engagement with the neighborhood in economic terms increased significantly very it this has important implications forttip. i won't go into the details for benefit of time. thirdly, for all the criticism -- we

economic salvation. >> he says the banking union will be an important factor. >> let's get a check of what has been moving the markets. this summary from the frankfurt stock exchange of what was on investors minds on wednesday. >> the upswing of the stock market has softened somewhat, but this is not a big surprise, if we look at where stock prices have climbed again. the dax is not far away from its all-time high, and the ndax has reached an all-time high this wednesday. quite obviously, investors are interested in riskier assets again. the so-called safe haven investments are not so interesting anymore. you can see it on the bond market as well. germany came out with a new 10 year government bond this wednesday and for the first time in two years, the yield on these bonds has climbed above 2% again. germany has to pay high interest in order to be able to sell its bonds. >> conrad there for us in frankfurt. we can stay for a closer look at wednesday's numbers. the blue-chip dax index closed .6% higher. stocks rallied, closing up almost a half are sent. in the u.s., stocks are up .67% and at last check, t

labor unions are critically vital to the african-american community's economic security. has been historically and will continue to be in the future. african-american workers are higher than nonunion counterparts and labor unions provide key bargaining power by organizing the workers to negotiate an agreement with management. this agreement covers things such as a safe place to work, decent wages and benefits. union workers are 28% more likely to be covered by employer-provided health insurance and are almost 54% more likely to have employer-provided pensions and are more likely to receive this paid leave. 50 years ago, 50 years ago the with on washington was led a labor message to increase economic security. today we must work together to continue that charge. working people need a collective voice and bargaining powers that unions provide to keep employers from making the workplace look as it did in the past. unions are vital in ensuring that corporations do not focus on creating profits at the expense of their employees. african-americans are serving in key leadership r

union bosses, only on hard-working american families. on single moms, young people, ta people struggling to climb the economic ladder. >> reporter: this republicans trying to drive a wedge between democrats and unions. they do have concerns about the health care law, so senator cruz is trying to point out that effort. but it is going to be the republicans that will be the ones to watch. >> libby i can't let you leave without pointing out the fact that the president just gave a major speech here in new york. set the scene down there in washington. were they watching? >> senate speeches were ongoing on the floor. and we heard some important remarks from leaders in the senate as look towards the vote in the next couple of days. so while there are many staffers on the hill tuned in, this is a domestic moment for this congress. and that's where the focus is in washington right now. because we're talking about keeping national parks open and the stock market is really reactive to what happens here in washington. >> libby casey thank you very much. when we come back there has been a big boom in one of the most dangerous drugs out there. one state's bat

so just to put this back to the new economic development, see, when unions are destroyed through the debt crisis, i'm not going to go into the details. it was the end of unionism in many of these countries because the way to cut the unions them. when unions are destroyed, for many places of the left, the principal space of organizing is lost, the factory, the industrial concern, et cetera. what has begun to happen after that period is that most working class struggles were no longer struggles at point of production. but became struggles at point of consumption. water collections, the gas price in bolivia, et cetera. so what they were creative about was to utilize points of consumption struggles, if that meant to utilize -- that meant to utilize slums. you can say that they were able to start a new. now, some people say that model should be taken all over the world. that's a nightmare. because again, everybody gets revolution, they're able to produce but if you tell egyptians ignore the textile industry and just go and organize the slums of cairo, but by the way, one of the leading fo

because again today was supposed to be calm largest anti austerity rally by the trade unions to protest the the economic policies here in greece and really what we've seen is that while the economy is at the root of the tensions here it's really transformed into essentially social tensions it what i mean by that is the desperation that has pushed pushed people to the brink in some ways has started to divide neighborhoods we've seen a lot more popularity in some pockets for the right wing golden dawn party but also seeing the anti-fascist back to come out in a much stronger force and so the result of that is going to economic problems has essentially pitted greeks against greeks then and it's it's become in many ways. an emotional issue you know it's not really the bailout that drove. drunk people emotionally now it's really a random act of perhaps not a random tragic act of violence like what we saw being that young musician on tuesday evening in the early hours of wednesday morning so it's a very tense situation and it really just you're looking at finding that you really struggling to grasp and grappl

don't forget the economics. 80% of jobs being created part-time, the union screaming bloody murder. will we sit on the program? >> if they reached out to the union. >> this is too little, too late by the republicans. what john and pat are saying the republicans had a coherent pro growth plan to stimulate the economy and to delay obamacare and it would have been popular. to do it at the 11th hour. >> it is catching up to the debt ceiling and that is insane. >> we should focus on that. excuse me for one second. the full faith of the credit is at stake. for the republicans to hold the government hostage to their agenda is huge. >> you can see a massive default and a halt to spending as we know it. >> i want to put up a couple more polls and have you react to this. >> look at this. the economy on syria and on iran, the disapproval far outweighs the approval rating. go to the bloomburg poll. it is generally headed in the right direction? a scant25%. 68% say wrong direction. >> i don't want to jump to the next topic. because of these numbers they are desperate to have something to hang hi

described the group as a regional threat that must be fought politically and economically and a need for an expanded african unionorce inside somalia and we will be live in a moment with peter who is in the somalia capitol and let's get the latest from nairobi. >> it's extremely complicated and delicate what they are trying to do and they are being helped by british and french officials and f.b.i. is here and israelis and other european offices. what they are trying to do is basically go through the building, sift through it, gaining as much evidence and dna testing and fingerprints of bodies they find and clues that once they secure the other floors try to get under the rubble because there can be bomb by trboobie traps and we see traffic which is able to move close to the shopping center and we are not being allowed inside to see the aftermath of what happened there. and there are so many unanswered questions, one of the biggest ones is what happened to the missing people. we understand the figure is less now and around 61, it was 71, some of those people have been identified or in hospitals around nairobi. wha

union address last week. he said europe is finally emerging from its economic recession and he called for the establishing of banking union on the continent. >> [speaking in native tongue] >> translator: good morning. the session is resumed. first item on the agenda is a debate in the state of the union. we have the commissioner with us mr. barroso, welcome. and i would welcome the foreign affairs minister, colleagues, ladies and gentlemen. it is a great pleasure for me to open this debate on the state of the union and welcome you all to the session. the the date on the state of the union involving the the commission of parliament. it's an important moment in the life of the european union. there is a summit taking place today here in strasbourg on the institutions. once a year we come together to have this kind of discussion. it will be quite a lively debate and we talk about the road map for the european union on these occasions. the institutions of the european union, parliament commission we talk in a very transparent fashion we talk in public it is the public domain as opposed to the other entity. the en

in america was sell them on the virtues of alaska, of what alaska could add to the union, that alaska would be an economicoost to the country. >> the george gallup poll in the late 1950s--1956, '57, when congress was debating the alaska statehood bill-- was running in the high 80s for statehood. 80 anything in a gallup poll is eyebrow-raising. >> narrator: yet a few powerful committee chairmen, mostly conservative southern democrats, kept the statehood bill bo

spain to regulate its banks better looks like germany has survived the economic crisis remaining a stroll stronghold within the union do you think this is purely angela merkel's accomplishment. no it has started with us again the two thousand and ten which basically eased up the labor market that is it allowed entrepreneurs to fire people if they. did not have any business any more soul that kind of sclerotic labor market that we had in germany was broken up by a social democratic green government and america by and large has harvested the fruits of that policies and i think if you listen carefully to what she says she herself makes no secret of it she very often refers to voters reforms and says this is an example this is what the other countries should study carefully because there was a time when we had similar circumstances in the economy that are now facing the countries that need our help our rights hangs among the americas professor of political science at the free university of berlin thank you very much indeed for your time thank you. and while angela merkel is celebrating her party is when the german polls

policies, strong economic growth, strong unionization that has driven up wages, that has created strongnomic growth, that has propelled businesses. this is a question about choices we make as a society and the kind of policies we are going to adopt that really share prosperity broadly as opposed to business -- consolidating it in a small share of the population and in corporate profits. on the unions, i would just suggest that there is a real problem with the notion that individuals who enjoy the benefits of unions don't have to belong to a union, don't have to pay at least a share of union use fort the unions negotiating wages and benefits for all members. in right to work states or any state where individuals opt out of the longing to a union, the union still has a responsibility to represent those workers. those free riders get a real benefit from union representation. host: we have a caller from oak park, michigan. he earns minimum wage. what type of work do you do? caller: i was in food service. how are you doing? for -- i may have a comment as well. let me try to make it quick. wh

economic power, germany. it's a key player in the european union. tomorrow, german voters will elect a new government.he outcome of the election will have important implications for the rest of the world, i-tv yams reports from germany. >> reporter: the most powerful on the continent and a woman that even when campaigning finds time for shopping. germans like the combination. but do they like it enough to give her the clear majority she will need to make tough decision. >> translator: we must show solid a arity. >> even among her hardened supporters there's skepticism, they feel they have shown enough solidarity in rebuilding the old east germany. and much still needs to be done there. shining new industries like this rolls-royce and others are taking root, but others have benefitted for the greeks. it all may explain a new thing in german politics, a anti-euro party. who have just enough support to win them seats in parliament. >> the euro is a political decision, not any other decision. we are hoping that this message will be mainstream. >> this is merkel's main challenge. steinbrook. nobody expects

international youth network young voices so fred germany has indeed survived the economic crisis remaining a stronghold within the european unionis this all down purely to angular merkel is it all down to her good evening actually germany survived the economy crisis because of a lot of in a way of going on in germany people committing a lot to work to create value and and kill america was probably the reason why germany did not grow more of the last eight years. definitely if you want to figure out or find a politician which has can take some credit for the shape of germany's economy at the moment you can rather look to. the predecessor of chancellor merkel which liberalized the german labor market made it easier to employ people. and in the long term foster growth for germany ok what about economics beyond germany and the neighbors there for example the debt ridden states like greece and spain i mean she has in many ways been totally and utterly congratulated acknowledge for saving these debt ridden countries for near disaster she saved them so far and yet she's so in popular in those countries at the moment why is that. i wou

united states constitutional democracy, it was the united states political and economic freedom that defeated the soviet union which killed over a period of 70 years how many people, 25 million, 35 million people from stalin on down? >> yes. >> i mean, that's why we're an exceptional country. we believe in freedom and we are humanitarian and we believe in the law. i'd like to see one of these fellas in the white house, you know, maybe the president -- >> articulate that. >> that's right. maybe "the new york times" will print that rebuttal. >> remind them that we are the first nation in the world based on the idea of freedom and everyone being equal, the very last line of vladimir putin's op ed is the vision of our founding fathers in the united states. it's why we exist. before this every nation had been based on ethnicity, monarchies, religions, wars, etc. this was based on an idea based on religious freedom, political freedom and economic freedom. unique at the time in the world. inspired revolutions at the time. the french revolution, by the way, didn't go very well the first time around. that spread acros

and european union's could cause trouble for economic -- could cause economic trouble for turkey. this is an hour and a half. >> ladies and gentlemen, if everyone could have a seat. there's a couple of seats at the front. i'm fiona hill, the director and i'm delighted to see so many people turning out here just one day after the labor day break. they chose were already for action and work again. we have a very interesting event today on turkey and the transatlantic trade and investment project which is a bit of a mouthful. i got to practice that sometimes in elevator. trip myself over ttip, not the most promising acronym for big negotiation. but nonthelessnegotiation. but nontheless, one that has really gained a lot of scrutiny, a lot of attention around town, which is testament to come there so many turned out today. we today are going to take a look at the transatlantic trade and investment partnership from the role of turkey. our colleague kemal kirisci who is a senior fellow here at brookings and also the director of the central on the turkey project, just did a report which l

economic performance is. what is the background? the customs union is very critical that came into the operation in 1996. and in terms of ttip, what is significant here is that turkey has incorporated 55% of the european union rules that govern the market. so you could say that for all intensive purposes, that turkey is part of the internal market. even though its leg european union's place in turkey's the five over all foreign trade has fallen from 47, 49% in the late 1990's, early 2000 to about 38% today. the e.u. is still the largest partner in turkey as far as foreign trade goes. and in the interviews i made i came to realize how the business is in turkey are trying to priority to what they call the 1-1.5% profit they will make with the business in the european union to 80 were 100% profit elsewhere in the world. most of the foreign investment that comes to turkey of around 75% comes from the european union, and about 65% of turkish investment abroad goes to the european union as well. this is also a period during which turkey's engagement with the neighborhood and the economic terms increased signif

to see stronger governments at the low level of the government collects a lower level of the economic union, local governments, state owned enterprises and state banks. and at the same time, shifting and come towards households and increasing consumption so these are the three strategic promise and the economic policies for the exchange rate and other measures that need to be taken over the next three or four years. many of these reform directions and policy objectives have indeed been outlined in the government's recent announcements so we are confident in our dialogue that we do see a great recognition of the challenge, the clear understanding of the policy areas that need to be addressed and the direction the policy needs to take and we have seen it in the various announcements that have come back the next six months. what is needed is clear and specific policy measures and timely and focused implementation. so let me sum up again without the key takeaways. the near-term outlook in china we are confident growth 7.5% maybe even slightly higher. but the full one of the these are growing. a

rates spike was there anything the european union actually addressed the general simply today was there anything in the speech that addressed these ongoing economic hardships i guess to stem that is definitely the case surprisingly with all these hardships going on much of the speech made by the president was concentrated on syria but he did talk about the attempts to rebuild the economy certainly a lot of it was it were very generic statements he did say that we're putting our house back in order after the crisis it's obviously a slow process that is going to take time he did try to reach. sure i guess the international community that a long term plan for jobs should make the situation better but obviously if we look at the real numbers on the ground and cut in countries economies that were hit the hardest like spain for example where over a quarter of the population is unemployed it certainly seems like a bigger words than actual results at this point but this was addressed and the president of the you did say that all but one out of twenty eight countries should see growth growth in the in the time to come i mean while the united states here i

union. people remember that. >> an economic policy for the euro zone that's proven to be a dismal failure. mario dragi saying whatever it takes. angela merkel wasn't willing to do whatever it takes. she was willing to flush large parts of the euro zone down the drain of austerity. >> but she is -- >> she's popular at home. right? >> like carla was saying in this campaign of clinton, it's the economy, stupid. >> finally, the french government. this week, confirming a story that was broken by news week since mid august a ban in this country on the use of smart phones by cabinet members. and-and-my ranking minute -- and high-ranking civil replaced conversations with encrypted phones. we were talking about he had edward snowden and people were saying this is stuff we knew before. why are we making such a big deal out of this? if it was such a big deal, why are these bans coming to ministers to keep people -- >> the extent is being known and being revealed from snowden's leaks. but this is not new. >> but this proves that snowden's leaks were significant. >> it proves that. it also proves that

union officials say not so fast. workers gave big concessions during the economic downturn and they are trying to make up for lost ground and get back to what they consider a living wage. >> we are asking for a living wage. we are asking for descent health care and we are asking for a pension that we can retire on and live in the bay area where we work. >> reporter: tomorrow, back to the table to talk. unless negotiations get back on track, commuters will have to negotiate a new way home. >> as long as i get where i am going they can have whatever. >> b.a.r.t workers are well paid compared to transit workers. some put their salaries at $80,000 a year. we are live in san francisco. brian webb, back to you. >> if there is another strike they have a back up plan. it says they will run skeleton schedules. >>> a lot of people are waiting on their unemployment checks. they are saying it say 1-time problem and hope to have everything fixed but can not give an answer as to when the problem will be resolved. >> we are learning more about the former bay area woman accused of killing her two children in a southern california hotel

in america was sell them on the virtues of alaska, of what alaska could add to the union, that alaska would be an economicoost to the country. >> the george gallup poll in the late 1950s--1956, '57, when congress was debating the alaska statehood bill-- was running in the high 80s for statehood. 80 anything in a gallup poll is eyebrow-raising. >> narrator: yet a few powerful committee chairmen, mostly conservative southern democrats, kept the statehood bill bottled up with no chance for a floor vote. the alaskans needed some kind of political dynamite to explode that logjam, or statehood would never burst free. as 1958 began, alaska's statehood delegation marked the anniversary of their arrival in washington, d.c. they still had no prospect for a vote on statehood. ernest gruening knew one of the keys would be the wily majority leader of the senate. >> we have a majority of members on both houses according to their statements to us. but lyndon johnson could achieve or kill statehood. he has never shown the slightest >> well, he was opposed to it because of the basic support he received from his southern b

turn towards this country in the continent, in the european union, particularly neuro zone for help, for assistance through the ongoing economic crisis. and a lot of major decisions, major challenges that the continent faces will have been put on hold now for a number of months as the election campaign has wound itself down to completion in the voting day here on sunday. everybody waiting to see whether they can expect continuity from a german government in berlin. chancellor merkel in for a third term or a different set of faces and policies. i think it looks like based upon the exit polls that as you described there, a grand coalition between the center right, mrs. merkel's party and center left, the social democrats but sxwornlth, she is very likely to remain as chance he will or for a third term. her party got 42% of the vote. she has popularity ratings between 60 and 70%. so, for countriesterm. her party got 42% of the vote. she has popularity ratings between 60 and 70%. so, for countries for countries outside of germany and across the atlantic in washington, what to expect from germany as a result of this election, conti

the officers accepted a ten percent pay cut during an economic slump to avoid layoffs. the police officers union wants the ten percent restored right away rather than gradually. union officials say if the pay cut is not restored within the next year officers will can continue to leave san jose. the mayor wants to get the number back up to about 1,200 by the year 2017. the plan calls for competitive salaries to keep officers from leaving san jose. the police officer's union says the plan is full of empty promises. the city councilu/0 is expected discuss this at 1:30 this afternoon. >>> 6:06 right now. the rim fire which continues to burn near the reservoir, a primary water source for a major portion of the bay area. we will be getting an update on the water quality up there. crews have been working very hard to make sure it does not spread. with the flames raging and burns all of the trees we can tell you that some ash has fallen into the water. get the latest details on water quality testing that has been done. san francisco mayor ed lee will be joining representatives of the public utilities co