in 1918 is? germany of asia. so various people in the united states and europe who are beginning to sort of associate the japanese with the terrible sort of militaryism and aggression they describe as sort of the beginning of the war in europe. and this obviously is a very bad thing. this has sort of been incorporated in as the actual sort of account of what is happening. what i would say is no. japan is not the germany of asia but is astonishing everyone by its rise of power and no one is able to do anything about it. and, again, just to give you one other thing and just dealing with china here. it is basically the idea not simply that japan is rising but that japan is going to be the sort of determiner of events in asia. you have this specifically articulated in japan. japanese general, but basically during the end of the war japan becomes most important political and economic presence in china. look at the numbers for japan how they change in terms of its investment percentage and vis-a-vis the british who are

in the first world war leads to. it doesn't lead to greater east asia prosperity in the 1930s. could, and it obviously does, but more importantly, it is the beginning of a very substantial change, or shift of center of gravity, global center of gravity from europe to the asia-pacific. thanks very much. [ applause ]' >> could you touch on why japan was mentioned in the zimmerman telegram? >> yeah, i suppose it's something to do with german ambition and hope, and perhaps tied in some way with its desperate idea that japan would be a sort of serious decider if the -- if it comes out to be true that the japanese are in cahoots with the germans, and perhaps willing to egg on the mexicans against the americans. that could be a decider -- a deciding sort of alternate factor. that's how i would say it. for me, it really shows a degree to which, again, to bring up the name of japan is to bring up something actually very substantial, 1914, 1915. during this time, it is a very important wild card. that's how i would explain it. >> sir, could you go back to the slide about the japanese in k

in 1918 is? germany of asia. so various people in the united states and europe who are beginning to sort of associate the japanese with the terrible sort of militaryism and aggression they describe as sort of the beginning of the war in europe. and this obviously is a very bad thing. this has sort of been incorporated in as the actual sort of account of what is happening. what i would say is no. japan is not the germany of asia but is astonishing everyone by its rise of power and no one is able to do anything about it. and, again, just to give you one other thing and just dealing with china here. it is basically the idea not simply that japan is rising but that japan is going to be the sort of determiner of events in asia. you have this specifically articulated in japan. japanese general, but basically during the end of the war japan becomes most important political and economic presence in china. look at the numbers for japan how they change in terms of its investment percentage and vis-a-vis the british who are

we cannot forget about access in asia. so those are the three pillars i wanted to highlight to keep in mind sort of the importance of the human side of behavior, the human side of equality making and decision-making. thank you very much. [applause] >> thank you samuel. i'd like to just make a few points and then will try to get it to the floor rather than ask extensive questions of the panelists. the one area as one well as work and a lot of asian countries for many years on various world bank and asian development, projects i think we've not had enough discussion of is the whole institutional makeup of the to many asian countries where there is simply no respect for the rule of law so you can talk about greater involvement by the private sector but the private sector has to be assured that once they invest the rules of the game won't change. even where with financial assistance from donor agencies we set a regulatory regimes. too often there's no real regulatory enforcement. too often when the regulator does make a decisio

richest in asia? good question. rgest cinema business in the world has a good chance. 2/3 of the revenues outside the united states. i would keep an eye on him. >> we're following it. we don't know what the evaluation is. we were surprised at the evaluation of alibaba. they need to start worrying about baidu. there is so much happening in china. when we do, it is over. keep an eye on him. >> it is going to be an exciting 2015. rob, thank you so much. >> that is it for "the pulse". keep it here on bloomberg television. surveillance is up live from new york. tom keene and his team. >> you can follow us on twitter, guy johnson tv and flacqua. >> have a great weekend, everyone. ♪ >> pelosi breaks through the senate republicans. they flex new muscles. houston, we a spending bill. the plunge in oil prices creates true global crisis. is a collapse of venezuela imminent? and news you can use. you can buy the usual case for spring for the $60 case. good morning, everyone. we're live from our world headquarters in new york. it

pacific, especially asia in it. china and india -- asia and beyond. [ very heavy, unintelligible accent ] the increasing trend of coal consumption is not just -- india. asean economies projected to rapidly increase coal consumption. in indonesia, indonesia is one of the main oil and gas-producing countries in asia. but the economy is growing so fa fast, they need to use oil and gas for the domestic consumptions. at the same time, they are trying to use coal for domestic economy by introducing the advanced screening coal technologies. and malaysia as well. actually, japan is importing monster scale and malaysia. but domestic gas consumption is increasing. they are trying to make the best of their coal increasing imports of gas. well, we have to bear in mind that how they use coal in asia especially changes the future scale of sufficiency of energy in the region. unless they use coal effectively, their external dependence for their hydrocarbon consumption about to increase, we have to be careful what it would cost for

asia for the world. we can't afford to have the three major countries in northeast asia operating in anything less than a fully cooperative manner with themselves and with us, let alone working at cross purposes. one important way to support good relations among neighbors is support for the well established regional order. that includes utilizing aipac. utilizing the east asian summit and other asean-centered fora. that is built on the strong foundation of u.s. alliances and u.s. security partnerships that have kept the region safe and stable. this architecture and the system that the u.s. has championed, that's fostered trade and investment, economic and political linkages, educational and technical -- technological exchange, and rapid development r enriching countries across the region. it's help lift hundreds of millions of people out of poverty. and as each country in northeast asia has developed and found its social and economic and political footing, first japan, and then the republic of korea, it has paid back the system in spades and worked to further strengthen that system and expand benefits. n

how does the yen affect everybody in asia? is going to put a lot of pressure on everybody. >> you are right. the yen is going to be something that is not very positive for asia. they have to be a bit cautious. lower prices are going to benefit most asian economies perhaps with the exception of malaysia, but if you look on balance, we are not talking about worst-case scenarios. the asian economy is not going into a recession. low prices are good for asia and to causer yen is going a lot of competition. in asia you are not going to expect anything spectacular. >> nothing spectacular. but are you jumping on board to expectingone else spectacular things in china? >> i don't think we are going to see anything major happening in china. yes, it is possible that they will loosen the monetary policy and that further, and going forward it is possible -- the growth in china is slowing down, that i think it wants to see more growth. they know growth is slowing down and they want it keep -- want to keep a close to 7%. valuations in china a

riding nationalism in asia. not about in south korea is stronger because of the heterogeneous demographic composition of south korea is even stronger. this is also showing in japan. that is another perspective to analyze the international development in this area. i think there is very, very interesting topic and i think, i would love to read in your book once you finished. i think i will stop here, thank you. >> thank you for your presentation. very, very timely way. my loose speaker will be professor park hee. he is professor of international university and director of institute for japanese studies. he is one of the best reknowned japanese specialists in korea. i hope he will speak therefore on japan. no, i. >> i while never speak on behalf of japan. i will always speak on behalf of korea. but, during the break ambassador park gave me freedom of speech. i can tell whatever i want to and the professor saved japan for me for the reason he doesn't like abe. i will talk about first, i will give you me take on rece

what happens in northeast asia does not stay in northeast asia. f the history of the coming century will be written in thissier. and i think it's -- in this area, and i think it's important to bare that in mind. let me express my appreciation to the audience, all the participants, as well, who have remained throughout. these are deliberations that must continue in this same spirit, because to be frank, there's no alternative. you want to make comments? and then finally, ambassador park. >> well, i just want to take this opportunity to thank everyone. specially our ambassador park. and our brookings host. and of course, kevin, paul and many others who are -- whose efforts have made this event very successful. i have enjoyed it. i have learned a lot and thank you very much. [ applause ] >> first of all, i have to -- my thanks should go to jonathan for your and you and your staff impeccable preparation and whole hearted hospitality, and you are very well organized. some participation, including mr. lawson, this morning we focused on regional issues, y

over 40% of international students in the united states come from northeast asia. likewise, china has reason to be the fifth most popular destination for students overseas and last year saw significant increases in american students in japan in korea. the blending of cultures and sharing of knowledge seen from everything from food to film to sports to music to the spirit conference. i know international relations isn't quite style, a bit this conference is not going to break youtube even though you've clearly got a good audience. i do hope and i do believe that working together you will be just as creative. you will be able to create a thought waves that will help drive the kind of future that we are trying to build. i know i'm setting the bar pretty high. i know jonathan organizes the conference. so given our commonalities, it is natural that we seek opportunities to collaborate. we call this a trial lug. well, trilateral or lower lateral groups of nations working together increasingly are an important force in global policymaking. by definition, they are more incl

in east asia will go. it is very, very meaningful in this regard. so they all have very interesting views. professor lee discussed the complex relations in their area, but it remind me, you talked about the relationship between china and south korea. both at their best time ever. but if you look at china's relationship with north korea and america's relationship with north korea, it should be the worst time ever. yo you see there is some kind of relationship between south korea with other big powers and north korea with other big powers. so i'm thinking, what will south korea do, china and the united states now play the role that they're now playing in this area. so what kind of preference would south korea like to proceed. and another important relationship in this area, if you see south korea has developed a very, very substantial economic relationship with south korea. more than south korea trading volume with both united states and japan. but at the same time, south korea has developed very close milita

air asia 58101, a passenger skwet has gone missing in southeast asia. here's what we know.horities have suspended the official search at sea because of darkness. it is about 3:40 a.m. local time there right now. the area is a busy shipping channel, and they have asked that ships check the waters off of indonesia. meanwhile, the full search is expected to presume after day break a couple of hours from now. use almost all of the passengers are indonesians, but one british national had been identified as an energy company executive, and he was traveling with his 2-year-old daughter who was a singaporean citizen. cnn international meteorologist joins me now from the cnn weather center. what do we know about the weather? when that planes went missing. >> well what we do know is we know a lot more and there will be scattered thunderstorms in the area. maybe not as strong as we had in the last 24. rstorm activity is reasonable to assume and we always talk about weather first when we have an airline the disaster or mystery like this. even though it was reported, there were some iss

. >> compared to china, india and regional rivals in asia have been trying to dominate space. in almost every aspect, china has been ahead of india, exempt in the race to mars. in the race to mars, india came onboard position and china was left out. now this module which has been launched today, because china sent its first astronauts into space in 2003 and india, if it gets the got today, could be willing to put an astronaut in space not earlier than 2021 or 2022, so there is still a long gap and there is no doubt in the space race in asia, china is way ahead except for the mars mission. there are a lot of hungry people in india, there are forehundred million people below the poverty line. there are 600 million indians who don't have access to toilets, but at the same time, india has to walk on two feet. technology tom nights and india doesn't want to be left behind. very soon, you will have people flying in and out of space the same way as hundred years ago, people were apprehensive of airplanes. at that point, india doesn't want to be left behind. for are a country of india'

and east china seas have broad economic and security implications to the united states interest in the asia pacific region. disruption in this region could cause serious problems across the globe. i strongly believe that the united states must take a leadership role in these disputes and work to support a peaceful collaboration to these issues. the resolution takes a step in the right direction. we cannot accept unilateral action by any of the countries involved in these disputes as it it further degrades security in the region. here is a clear example of congress supporting the united states role in the rebalance to the asia-pacific region. in particular, we cannot allow

next an expert on the airlines who fly in asia. >>> a passenger jet carrying 162 people went missing east az wra. yes, it's happened again. here is what we've learned. the official search at sea has been suspended for air asia 8501 because of darkness. it is the middle of the night local time. the area is a busy shipping channel, and the boats will continue to comb the waters off indonesia. the full search isn't expected to resume until day break. the airbus a- -- it was bound for singapore. indonesian officials say at one point the captain asked to climb higher to avoid heavy storms. the plane disappeared from radar while flying at 38,000 feet. almost the entire flight path was over water. families are desperate for any sign of what could have happened at the aircraft. there were no americans on board. the ntsb is monitoring the situation from here in the u.s. and says it is prepared to assist if a request comes in. almost all the passengers on board indonesians, including 18 children. all of this comes less than ten months after malaysian airlines flight 370 went missing en route to

following declines in asia overnight and europe so far this morning, the u.s. llow suit. a slight decline across the board expected in u.s. markets. europe, as i just mentioned is down so far to date. slight declines across the board. this follows yesterday where european markets did manage to recover to roughly flat overall despite the greek election results. but today, following asia's lead we are in the red about 0.7% to 0.8% declines across the major markets as the uk germany and france. forex, nothing too significant happening in the european pairs. the euro/dollar is basically flat. the u.s. dollar did lose about 0.75% gain against the yen and, of course the japanese stock market, the nikkei has closed for the year. it closed down 1.5% up 8% for the year as a whole. kit has joined me on set to discuss the market outlook in general ahead of foreign exchange strategy at socgen. kit, good morning. thank you for being here. >> good morning. >> let's look at the euro quickly. quite interesting despite the moves in the greek bond yeel and the greek equity market

he is the biggest in asia. nteresting because you look at the success softbank has had with alibaba. you look at the problems with the sprint-t-mobile deal. alibaba is an investment in the past and investors are looking to the future. they are struggling to find any comparable investments and that is why softbank is down. and why he is down so much as well. >> thank you for that, tom. for more on the world's wealthiest, go to bloomberg.com/billionaires. chinese elite say the macau should change its game plan. we look at the visit to the territory. ♪ >> let's check in on some of the stories making headlines across the world. new york marking the deaths of two policemen. two members of the nypd shut in the patrol car -- shot in their patrol car. the killer posted in online threat saying there was retaliation for the debts of two black men by police officers. a man is believed to be arrested. several people have been arrested in connection with a school massacre last week. seven suspected taliban militants stormed

in the objects. one is euthanizing and one is security of asia. but sense that time, there is a change of in korea's emphasis with the common object in conflict. you know, i worked for the china prieratize security over the denuclearization. so i went in with basic changes on the chinese policy and maybe you could respond to that. my next sticker will be professor -- speaker is going to talk now. he is invested in the human rights of the korean population. >> thank you. let me first say i greatly appreciate the korea foundation, the brookings institute and the university for this great opportunity to exchange very frank dialogue within a revelation and very helpful process. the panel's title is korea's relations with major power. as far as i know there are four major powers but i was made aware of the fact that we have ten minutes to discuss korea's relations with this major power and after the introduction that gives me less than two minutes per major power which is a mission in possible. so i have taken the liberty to eliminate two of the four ma

researchers are trying to save birds from their biggest killer, windowpanes. ♪ ♪ >>> hello, we begin in asiare a search and rescue operation is due to resume in the next couple of hours for a malaysian passenger jet. it disappeared over the java sea with 162 people on board. air asia flight qz8501 left indonesia at 5:20 a.m. local time. its destination was singapore. but it lost contact with ground control 42 minutes after take off. just before that, the pilot had requested a change of flight path because of bad weather. veronica pedrosa reports from singapore airport. >> reporter: from the air and sea, an ins 10 search for missing flight air asia qz8501. the air bus was carrying 162 passenger asks crew from the indonesian city to singapore. 42 minutes after take off the aircraft lost communications with air traffic control. >> translator: i hope for a miracle and may god save them all. i should have been with them but canceled two weeks ago because i had something to do. i have two friends on board with five family members. >> reporter: those with relative on his board have been demanding a

from abenomics in east asia to decisions on tax hikes and the future of nuclear energy. don't miss our special coverage, japan decides, sunday, december 14th, on "newsline." >>> more and more women in japan are breaking with tradition and entering a male dominating. they realize the perks outweigh the challenges. >> reporter: one company looking for female drivers is located in central japan. all of the companies administrative staff members are women, including the ceo. she started working at the company this year. she works from 8:00 a.m. to 6:00 p.m. and overtime is rare. trucking companies usually carry freight all over the country. but this company provides only local services. the drivers don't have to work such long hours and they can balance work and family. the company actively promotes the use of forklifts which make loading and unloading heavy cargo easier for women. >> translator: there are a few things that i can't do because i'm a woman, but i still think working here is a positive experience for me. >> reporter: the company once had problems securing suffic

in alibaba shares. the man he replaces as asia's richest person is the property tycoon. as pleased that young people in china too well. let's move on, change at the top of gucci. a big deal for the luxury sector. >> it comes as no surprise because gucci has been a thorn in the size of karen group as of late. we saw that there gucci sales largelyost 2%. it is asia where it is the problem. china and hong kong with pro-democracy, but also buying overtly branded and luxurious goods. this is from louis vuitton and gucci who have been seen as having -- too many logos, not subtle enough. >> less is more. >> exactly for the u.s. it has been going well but for gucci it has not been a pleasant couple of years. finally enough the ceo and creative director are to go. he says he wants to see new momentum and they were to continue to write checks. the new ceo coming in is marco bizarri. ofwas recently appointed ceo the luxury coach shore and leather goods division. he also headed the take of. this is in -- he also headed bot ego. >> i wish francine was here sometimes. is replacing dima

countries have met for the first time in seven years, and agreed to promote joint energy development in southeast asia. nhk world takes a look at this. >> reporter: in the indonesian capital jakarta, managers at major japanese trading company mitsubishi corporation and korea gas corporation are working to the. they are meeting with local employees. the two firms are jointly developing liquefied natural gas on the indonesian island. the joint venture will include producing and supplying the gas. started three years ago, the project is the first of its kind in the world. its total operating costs are at $2.8 billion. about 30 employees from japan and south korea are permanently stationed at the venture's headquarters in jakarta. they plan to start production next year. >> translator: we hope to build a relationship with our south korean partner in which we can be frank about everything. >> reporter: japan and south korea are teaming up, because both countries face the same challenge, a lack of energy resources. japan is the world's largest lng importer. and south korea comes in second. so far, the weste

in asia, it grew by a minimum of 8.5%. so the growth in aviation is absolutely phenomenal. d that's just talking about southeast asia and the asean area. not talking about adding in china as well. the issue for some of the smaller countries is this one of regulation. the low-cost carriers in asia, airlines like tiger, jetstar, airasia, the largest of them all is lion, they are not only growing very fast, they are consolidating. the major carriers -- when you think now about the low-cost airline model in the united states whether it's jetblue, southwest or spirit, for example, it's still dominated by the three network carriers. what's happening in asia is the low-cost carriers are becoming the bus network of the region. >> airasia pioneered the low-cost model in that region. it's build a strong reputation for affordable and safe flying. i believe there are seven airlines in indonesia. and five of them are banned from landing in eu, in the european union because safety standards are not there. but airasia is not one of them, they are permitted to land in the eu. i guess the bi

. >> indonesian officials have located dozens of bodies in the java sea from the missing air asia jet. an emergency door and other debris in the water came from flight 8501. a shadow of what appears to be the aircraft is underwater. >> this is a live look where indonesia's president is set to speak. we have more on what they did find overnight. >> good morning air asia has put out a statement only in the last few minutes confirming to the debris found is from the missing plane. since it was discovered just a few hours ago an indonesian navy vessel has been recovering bodies. reuters reporting that at least 40 have been retrieved so far. the debris and remains were found in the giant sea of the island close to the plane's last known location. >> the announcement on indonesian television searches spotted what appeared to be bodies floating in the java sea. teams have been frantically looking for the missing air asia plane that disappeared sunday with 162 people onboard. this morning indonesian officials say a shadow under the water could be the plane. searchers also discovered life jack

china is the only major economy in asia without an insurance system. now they are saying the people's bank of china will insure . posits of $500,000 now the dominance of state controlled lenders have left savers believing in a guarantee they would be protected if anything went wrong. that removes this and clears a way for them to deregulate savings rates and increasing competition for fund. they didn't give a start date or what premiums banks may pay but the banks and general public will have until general 30 to comment on the proposal. >> let's talk a little bit about the timing. and also what about this move in another aspect. does it mean that lenders may be allowed to go bust some of the terrible situation because the deposit isn't protected? >> they are trying to do this because the chinese economy isless robust. it's headed for the slowest expansion since 1990. after years and years of lending to troubled industries, now they e saying that they may let lenders that are not as strong fail because the depositing public would be protected from such a

in years. that is what we are seeing drive asia. ven advance is small what we have been seeing in terms of the volatility deficit. >> it is significant. it may be a small move with significant in the overall context of this year. it has been challenging for the oil markets and the fact we see this modest reversal in both crudes. the trades on the index. oil prices have tumbled by about half since june. we have seen surging supplies and slower demands, not a good commendation for sales which led to the 36% year to date drop. london benchmark is down nearly 44%. members lashing out at non-members accusing them of over supplying the market. have the energy minister saying the market is oversupplied by 2 million barrels a day. ese united arab emirat saying there is not responsible output by the non-opec members. you have the united states with the shale boom which is led to surging supplies. you also have slowing demand in places like china. it is a perfect storm but so far opec this year has been unwilling to change its production targe

was called a pioneer in 2007 for importing the low cost mad el to asia. in its eely day, some of its flights cost just a few dollars a seat. >> the founders saw an opportunity 234 southeast asia's rapidly growing middle class. that growth has attracted rivals. there are now nearly 60 low-cost carriers in the region and that hurt air asia's results in 2014. with the airline clocking one of its worst quarters in its 13-year history. but now, worries about revenue are giving way to worries about reputation. flight qz-8501 is air asia's first major crisis. and as investigators piece together the cause of the crash, one of malaysia's biggest success stories could unravel. >> richard quest says what happens next for the airline is a period of intense review. >> i think what the company will do now, it's going to be a moment of introspection because they will obviously be looking at what caused the pilots to do what they did. once the final report is known you have as an airline, as any airline does, you say where did we fail? if we failed at all. for an airline

in the afternoon in trade in asia, we finished 7% in total. finishing the day down a massive decline. they think leadership in china will raise. it's harder to leverage your positions in the markets. >> i think that's the debate that i'm sure investors will be having today. on that note, let's take a look at u.s. futures. how does that weak session look in china? the nasdaq down just about 12. s&p 500 down a couple points in premarket trade. a lower session in asia, in europe. we should take a look at european markets. british manufacturing output did fall in october. the uk economy perhaps not as vong as some may have been anticipating. we're looking at the ftse 100 trade down 60, 70 points. yesterday, those industrial production numbers out of germany did weigh on the xetra dax. the losses accelerate here. we're down about 80 points in germa germany, france and italy in focus. trading in negative territory. so all parts of this market being impacted by that data out of china or the speculation of growth slowing down even further in 2015. >>

they found a novel way to hand out toys and snacks. >> translator: it's so much fun. >> elsewhere in asia children shared the christmas spirit in mostly hindu india. this christian school supports orphans and other disadvantaged children. with india boasting a nobel peace prize winner this year in children's rights advocate kailash satyarthi some observers say more people are now more interested in children's education. >> translator: i think this opportunity for me, because like me, many would be dead in the world, as well, not cared for, not having any shelter. but still, i would like this good opportunity to study, also. >> that w asia every weekday live from bangkok, only on nhk world "newsline." >>> british human rights activists say u.s.-led air strikes have killed more than 1,000 people in syria. and they say most of them are militants with islamic state or al qaeda. officials with the syrian observatory for human rights say at least 1,171 people have died. and at least 52 of them were civilians, including children. i.s. militants reportedly executed 100 foreign fighters who tried

we also face new factors in the northeast asia. there is a prospect for the cement meeting in 2015 between putin and kim jong-un. and is it helpful or negative? the last question is about china's new initiative and their foreign policy. we are witnessing great transformation in china's foreign policies which is very different. what is the new normal diplomacy of china? what is the meaning of the new normal and also what is the implication to the world? my last question is about the -- under this initiatives of new diplomacy and rebalancing they are saying in south korea, south korea faced [ inaudible ] yes or no? it means we are living the yes or nos era. the difficult cases of the aiib south korea is under tremendous pressure from the united states and china. how do we handle these kinds of issues? i would like to get advice from my respectable chinese scholar as well as the americans. thank you very much. >> thank you very much. actually, we started 20 minutes late so at least i think we should get 10 to 15 minutes back. i'm negot

has increased its presence in the global community as a key member of asean and a manufacturing hub in asiat the nation has been haunted by political confusion. the thai people and the international community are awaiting to see if the country can attain political stability in a democratic context. that wraps up our bulletin. i'm roselyn debhavalya in bangkok. >>> employers in the united states appear to be on a hiring spree. data showed they created over 300,000 jobs, that's the biggest jump in three years. department of labor officials say the number of non-foreign jobs came in at 321,000. analysts had been expecting about 230,000. the number of new openings is the highest for any month since january 2012. employers created them in industries including retail, health care and manufacturing. the unemployment rate was unchanged at 5.8%. analysts say these numbers suggest the u.s. economy is on a solid recovery path. they're contrasting that with the more sluggish pickup in japan and europe. economists are studying the jobs data and estimating their impact on the federal reserve. they're try

and here we are now ending the year which has been a horrible air travel year in asia. and those families, mh 370 families still truly don't know where their families are. there are search operations in the indian ocean that have so far turned up no tangible evidence. there are some includes some educated guesses that they going on. this doesn't seem the case here. unlike mh 370, there were no technical problems and the transponding equipment was switched off. they know there was weather in the area. let's home for the sake of these 162 people's families that they'll be able to quickly put together the information, find this plane and give these families closure that a lot of people in china are waiting for as well as the other countries of the people from mh 370. >> we are presuming this plane did crash. we don't know if it crashed in tact or not. we've had many analysts talking about what situations might cause it to as far as if there was ice or hail that just caused the plane to freeze. but anyway, there are a lot of questions to be answered. a lot of information to

reporter: he is donating a part of the organization's profits and money from supporters to build schools in asia and africa. the first school constructed with their contributions is to be completed in myanmar by the end of january. he intends to help build more schools and promote the activity in japan. >> translator: we just got started, but i want to spread this idea further. we are building the first school with the hope that it will lead to others. we will continue to do our best. >> reporter: wakao believes little acts of kindness in a small community can actually make a big difference in other parts of the world. nhk world. >>> as we've been reporting, people in the philippines are bracing for a powerful typhoon heading their way. robert speta joins us with more on the situation there and elsewhere in world weather. >> yes, let's start off talking about this storm system, still a violent typhoon and not expected to decrease from that anytime soon or even prior to landfall as it does track off here towards the west. it is going to be a big rainmaker. you're going to expect a threat of sever

we cannot forget about access in asia. so those are the three sort of pillars i wanted to highlight to keep in mind sort of the importance of, human side of behavior, the human side of policy making and decision making. thank you very much. >> thank you, samuel. i'd like to just make a few points and then we'll try to get it to the floor rather than ask extensive questions of the panelists. the one area that as one who has worked in a lot of asian countries for many years on various world bank and asian development projects, i think we have not had enough discussion of is the whole institutional make-up of too many asian countries where there is simply no respect for the rule of law. so you can talk about greater involvement by the private sector, but the private sector has to be assured that once they invest, the rules of the game won't change. even where with financial assistance from donor agencies we set up regulatory regimes, too often there's no real regulatory enforcement. too often, when a regulator does make a deci

after long research projects in asia and africa, banerjee says there's no quick fix for fighting poverty, because economic conditions are different in every region. >> we say it's poverty and throw money at it. we don't take it seriously as a specific problem that has a specific solution. so i think that maybe in asia and africa we have the same problem we have the same answer. but often the problems are different and therefore they have different answers. >> the head of the kiel institute for the world economy values his work. it allows policymakers to base decisions on data gathered in research in randomly selected communities rather than simply relying on gut feelings. >> a serious attempt is actually being made to figure out what policy measures work and what don't. in medicine there are trials, randomized trials, to inquire which medication work and this is an attempt to turn economic policy making more into something that resembles medicine. >> in comparing rich countries like germany to poorer ones, banerjee has repeatedly discovered that people's needs really don't vary all that

ktvu's tom vacar has more. >> reporter: pilots fly in stormy conditions. but air asia was headed into the belly of a beast. >> a significant event. warnings issued in the area. the weather forecast showed high turbulence. cells of thunderstorms. >> reporter: he knows the renallen well. >> we got -- region well. >> we got struck by lightning, when we landed there was a burn -- [ indiscernible ] >> you cannot go within 20 miles of a thunderstorm. you see that on radar. >> reporter: inside severe storms up drafts and down drafts. >> 100 miles per hour. the airplane, the pilots can't see the instruments anymore. >> some of the flying surfaces may have come off. it is possible it could be tumbling. >> they are designed to fly level. >> loss of cabin pressure. >> you have 5-10 seconds for the crew to get the oxygen manages on. >> reporter: rapid ice build up on the wings. >> that could happen, in the tropics -- [ indiscernible ] >> reporter: hail. >> it will shut down the engine. >> reporter: that is why finding the black box is so important. tom vacar, ktvu channel 2 news.

and as well as all the other issues in the asia pacific region that he has looked after. and i strongly again urge my colleagues to pass resolution 714. i yield back. mr. engel: in closing, i would like to underscore the timeliness of this resolution. it is imperative this gets resolved peacefully. and anything less than this jeopardizes the interests of the united states and our continued economic development, peace and security of the asia-pacific region. i urge all my colleagues to support this important 714 and i h.res. yield back. the speaker pro tempore: the gentleman yields back the balance of his time. mr. faleomavaega: i would like to thank him for his most eloquent statements. i do want to thank him and i do want to know also it is my honor to serve with him and my colleagues on the other side of the aisle very well, affairs affecting our national interests, our government, the gentlelady from florida will note that i have a relative that lives in her district. and his name is duane johnson and if you haven't seen his it.st movie, you should see but i do want to

in the 1950s, '60s and '70s it was east asia that was in turmoil. he that hath a dozen wars going on, more than 100,000 american soldiers killed in two of those worse. you have much larger numbers of civilian casualties and refugees in anything we are seeing in the middle east today. in the 1980s it was mostly latin america and africa. again you at more than 20 wars going on. again you have more casualties and more refugees than anything we are seeing today. we also have more terrorism. american planes were getting hijacked every few weeks for a while and flown to cuba. americans were being held hostage and murdered in the middle east. american soldiers were being killed in several countries. american ambassadors were being killed in several countries. in the 1990s it became the balkans and we for different international military interventions went on in the balkans in the 10 year period. the civil war and boston was just as intense as the civil war in syria today. so what's different is now it's the middle east but it's not east asia, it's not afri

given the footprint of some of our larger brings in asia, you would expect and the risk profile in asiacan expect that will be a component. in terms of the work we are areg at present, we monitoring the situation very closely across a range of emerging markets. part of what is discussed in the financial stability report is fromontagion can spread less liquid markets and particularly, markets that appear up until very recently to appear to be liquid. and how that contagion could spread to markets and thereby affected the united kingdom. that's something we are watching and looking at in terms of her. in terms ofpretty russia specifically, the fourth point. recognize have to exposure to the u.k. u.k. institutions is very modest and look across the banking sector around 2.5% around equity capital and exports to russia and sanctions, 1.5%. relatively limited ties, direct investment of the headlines of russia. effectlatively modest is --e situation rushing in russia is unique under major oil-producing nations that have some pressure. few of them are subject to sanctions at the same time. big

in east asia, we have a departing low pressure system from japan. that's going to take away snowfall falling. behind it, high pressure replaces it. single digit highs close to freezing in the korean peninsula and north eastern china. that same frigid air is headed towards japan. during the weekend it's going to get chilly. down toward the south, the tropical storm moving west. expected in vietnam friday. high of 1 in seoul friday. 3 in beijing. 13 with more sunshine in tokyo. hope you have a good day wherever you are. here's your extended outlook. >>> that's "newsline" for this hour. i'm gene o tan in tokyo. from all of us here at nhk world, thanks for joining us. until next time, good-bye. tan i. from all of us here at nhk world, thanks for joining us. until next time, good-bye. >> thousands of mourners fill the west day for the funeral of an official killed in clashes with israeli troops. the french senate passes a resolution urging the government to recognize palestine as a state. there was a highly symbolic vote in the national assembly. police b

to remember the victims of the earthquake and subsequent hat laid waste to >>> in many countries in asia today people paused to remember the victims of the earthquake and tsunami that laid waste to countless villages 10 years ago. reporter alfonso van marsh shows us time has not healed the wounds. >> reporter: 10 years after a massive tsunami killed nearly a quarter million people in asia, survivors in india mourning lost loved ones say they still fear the water. [ non-english language ] >> whenever we see the ocean, we are reminded of how it took away all these people, says this woman. >> reporter: a powerful earthquake triggered the tsunami sending crushing waves across the indian ocean. the tsunami struck more than a dozen countries hitting indonesia's sumatran coast the hardest and killing visitors from more than 38 nations on thailand's beaches. a day later indonesia devastated by a 33-foot-high wall of water has been rebuilt. aid agencies say they are proud of the recovery. >> we always try to make sure that out of the devastation and destruction of the emergency, something better

now, here over in east asia we are seeing some cold air pulling in to japan, creating the sea-effectnow from hokkaido and the western portions of japan. this snow will eventually move out. high pressure moving in from the west. that's going to create sunnier skies for the korean peninsula and extending from the western side of japan into the central portions, and then eventually into the northern portions by the time we go into wednesday. high of 5 in seoul. 7 in beijing. 11 in tokyo with sunny skies. frost advisories, though, look out, for the southern portions of china as we go into tuesday. hope you have a good day wherever you are. here's your extended outlook. >>> that's "newsline" for this hour. i'm gene otani in tokyo. from all of us here at nhk world, thanks very much for joining us. until next time, good-bye. ññ ♪ >> in paris. after the attack on a school in pakistan that left close to 150 d, officials threatened to reinstate executions. becoming a reality. a reported 500 terror convicts due to be executed in the coming weeks. more from karachi. >> it started happening thr

two weeks in asia recently. and learned a lot about what it takes to succeed in these markets is probably not the same that worked for us traditionally. new business models. what does it mean to monetize post sale, cloud, because these markets will probably bypass entire generations of technology and come to something new. so it is going to require a lot more diversity in the approach that we take. both in terms of product and business model. and things as you said are fast--moving. and the ability to really learn from that. and that is why one of the key things that we've changed in our own metrics, is usage, usage, usage. wherever we're seeing something getting used that to us is an early indicator that might be something people want and then figure how to get that great and then go the with monetization. >> are investors going to give him a passing grade? bethany mcclain profiled him for the november issue of vanity fair. the stock is up. but it is still very early days. what are the key moments that you use t

this comes as the search for airasia flight 8501 is now underway as day breaks in asia. uss sampson is on its way to join the search. at least 15 planes and 30 ships are now scouring the waters off indonesia's coast for the missing jet. and it's 162 passengers and crew. the search has been hampered by severe thunderstorms and high winds. chad meyers is outfront. we talk about the weather when the plane disappeared. what are the colonel weather conditions hampering the crew? >> more thunderstorms developing more winds developing. what happens over an ocean when the winds blow? white caps. what are these search teams looking for? white things. so that's where you're feeling it. right now you're feeling, please don't let the wind blow. don't make white caps out there. we can see much better. backing up 49 1/2 hours ago. here's the may not coming from surabaya. a line of weather to the north. it knew it would be there. knew it would have to 90 through it. a couple of bumps there. now we're up to 6:06 p.m. now 6:16. as the plane gets over the most severe weather, that's when