china's economy is one tenth the size of america europe japan one kid china. you pointed out it's got a lot of money it's got a lot of savings yes but even if they do fantastic jobs they cannot bail out america europe and japan which are more than ten times bigger than china no matter what a good job they do how they're going to save the rest has become an engine of growth but it cannot bailout the rest of the world that's quite correct it's not it's not yet at the china lectured all the time about what it should do with its economy there is there is a tendency in western media to always lecture the chinese i suppose because of the american election cycle in the world in the euro zone ok i wouldn't say that the future of the western media but i think that. there's a political component to it that the western media reports but but it is it is also true that. the argument about the imbalances that exist in china between an investment driven economy versus a consumption driven economy are very very real and legitimate indeed the chinese government itself when job

comparedith ny parts of the wor such as america, europe or japan, comparedith ny parts du nenji earnsttle-- the equivalent of just 80 u.s. dollars a month. however, by chinese standards, he and his fellow workers earn a healthy wage. the changes the new industry brings to china are dramatic. by the mid-1990s, more than half a million factories were at work in guangdong province. onop brown: it is an emerging, uh, ge growtcountry, uh, ve eiting. there's building going on everywhere. the whole province, the whole country, basically, is under construction. narrator: towering hotels and commercial buildings show china's ambition to play a key role on the worldconomic stag in 2001, after years of negotiation, china was admitted to the world trade organization, cementing its role as a player in the global economy. this nike factory, for example, ts in a chain of productn that stretches around the globe. orders for nike footwear are placed in its headquarters in beaverton, oregon, in the united states. complex communication systems allow the head office to arrange raw materials and allocate

financial crisis in america europe let the situation when we have actually have the weakening of the international competition in garage and as you see the russian banks start to be more active in other parts of the world in europe in asia so i think that's a good time for russian banks to expand and that's what we're. doing. well let's continue with the global markets and see what's happening in europe which is still trading right now coming into the end of the trading session we have the footsie and the bags both adding the footsie are over half a percent not all of us is despite the fact that we had some data that showed that basically manufacturing in the euro zone the strong by more than anticipated for the month of august having said as i said mining firms are doing particularly well there and it would take a look at currencies was that the euro still flat against the u.s. dollar when it comes to the russian ruble it's losing against both major currencies i mentioned the ruble so might as well take a look at the russian markets not the spine it's something in the oil price we s

be great for financial companies here in the country it's like a lesson in financial crisis in america europe let us wish asian when we have actually the weakening of the international competition in russia and as you see the russian banks started to be more active in other parts of the world in europe in asia so i think that's a good time for us and banks to expand and that's what we need to be doing now. now let's take a look at the markets will start with europe which right now is literally in its last minute of the trade in session would see that it's still going higher mining firms and particularly well in the trading session today in the us despite the fact that we've got data that showed that magnitude one factor in the sector more than expected for the month of august in the us are but as we can see there by the numbers it had no effect on investors nothing on cycle about currencies closing figures for the group or there was a girl which is now gaining against the u.s. dollar when it comes to the ruble a mixed picture as you can see there at the end of the trading session now let's ta

in financial crisis in america europe let us situation when we have actually the weakening of the international competition in the us and as you see the russian banks started to be more active in other parts of the world in europe in the us so i think that's a good time for us and banks to expand and therefore to me to be doing. that of course the main focus of this week will be the apec summit and we'll have lots of interviews live coverage from there coming up in the days ahead but for now about see it's happy well we look forward to that thanks for that update marina. right now with our top stories in just a couple of minutes you're watching our team stay with us. culture is that so much about mayors and i mean to say me it means a lot of people an area forward to a bottom up on the eve of the meeting of the asia pacific economic cooperation regional to what degree is the global economy now. download the official. cell phone language stream quality and enjoy your favorites. t.v. is not required to.

we're a great ally of america and is belonging to europe and our friendship and relationship with america continue to be despite the fundamental cornerstone. our region has a great potential. if i put a couple of dollars as a bed, out in the next few years get our act together, strengthen our economy, i think our region will be part of the revival of europe and america needs a strong europe. liz: thank you. david: he turned a struggling on wine retailer $2 billion company and now he says he knows that what has to be done to fix overall economy. overstock.com ceo patrick byrne's joining us next. liz: u.s. auto sales during the best informants, this company, the president telling us what is driving the record august sales for that company in a fox business exclusive. david: former president bill clinton the main speaker tonight at the dnc. liz: some say president clinton's return to the stage is something of a wildcard for president obama. peter barnes, walking on the floor of the convention in charlotte, north carolina. a lot of excitement and anticipation. >> david and liz, you guys just

it's north america, south america, europe, so -- >> jimmy: yeah, so you go to netflix and then you download people's home. and it co-stars karl pilkington. >> jimmy: we love karl pilkington. [ cheers and applause ] this guy is -- >> he's crazy. >> jimmy: now, here's my thing. you -- you just -- you just ride him because he's your friend, right? you can make fun of him. you just -- >> that's what friends do, yeah. >> jimmy: yeah, right? you make him look stupid. >> well, yeah. i just -- on a global scale. [ laughter ] you know? >> jimmy: as much as you care, like, this is what he looks like on your show. that's what friends are for. i mean, look at this guy. [ laughter ] how creepy and crazy is that? >> i know. >> jimmy: what kind of a -- is that his real hair? >> no. >> jimmy: he's bald, right? >> he's bald. yeah. he's totally bald. but i just thought i'd make it even worse for him because he's got -- [ laughter ] >> jimmy: why? >> that -- isn't it weird, though? that pee-dophile look, right? [ laughter ] or pedophile. >> jimmy: yeah, yeah. >> pedophile. >> jimmy: yeah, you have to change i

islamic radicals are gaining power in africa with their goal to attack america and europe. prime minister of mali told me tonight. they railroad control 2/3 of his country. the prime minister came "outfront" and told me he's in new york right now asking for help from america and the united nations to stop the radicals. >> right now, actually, the most region the united states could assist us with is training for our troops to be able to understand what are the most recent anti terrorist tactics. and there i think the whole international community needs to get involved. and the united states, certainly, can help with equipment, logistics, but also with intelligence. >> and when we were on the mali border this summer, the situation was getting worse. and some of the stories we heard were -- frankly, atrocious. we talked to people who had fled, seeing friends on the street stomped to death by the islamists, people whose stomachs were gutted out. there have been horrible reports of amputees, truly awful things happening at the hands of these al qaeda-linked groups. what are the

america and europe's wealth is largely driven by creativity. this is borne out by the numbers. if we look at patents, a 29.4% of patent applications in 2009 came from the usa. 24% came from eurozone. next come japan and trailing far behind, china. the eurozone finds itself in deep crisis, but the numbers show it has great strength that should help in the coming years. >> we have all little bit of sports news now. best kyte surfers in the world are at stop to of the 2012 world championship kite serving tour. despite the extreme when the conditions, germany has made it through to the finals this weekend. >> the more daring in maneuver, the more points she and fellow writers get. competition in a light will round up the tour later this year. >> that is it for now. thank you for joining us.

the tour resumes next fall with dates in north america and europe. the tour company says it will refund tickets. fans are bought for the now postponed event. >>> fans of the bachelor we know who will search for soul mate. sean lowe demed but -- dumped by emily maynard will be doing the choosing. says he is ready to love again. of course he is. the bachelor returns in january for the 17th edition. lynette charles i know you are excited. >> stay with us, because some say they are out of their league over their head and completely unqualified. >> i say hey they have eyesight a doctor has a solution for the nfl's ref problem. they will tell you what it is. >> a lot of cleanup for people in a community. why they are waking up to a mess and calling their insurance companies right now. >> and we have much needed rain this morning. and we are going do it again this afternoon. i will tell you how long it will last once it gets in here coming up. >> reporter: and traffic is extremely conjested on 695 at baltimore national pike. we are dealing with several acci

and that the action began after hours of practice and the glitzy ceremony america and europe are paired to do battle in the ryder cup. but first formula one driver lewis hamilton has agreed to race from the sadie's next season ending a fourteen year career with his current team mclaren the former world champion has signed a three year contract with just under one hundred million dollars in who's twenty seven says it's time for a fresh challenge after being with mclaren since he was thirteen cyber driver says your pet is assigned as his replacement sadie's driver michael schumacher will make way for hamilton it's unclear if the german legend will retire for a second time or look for another team. and turn it over has caused another major upset at the pan pacific open beating eight seed sam studies it to reach the final in tokyo and she did it in straight sets to put rover is ranked eighteen in the world but always looked the better player claiming a six four six two picture nine eighty's along the way all those days it didn't help herself with thirty nine unforced errors in the final pat

let me ask you began after hours of practice in a glitzy ceremony america and europe are paid to do battle in the right car. but first the hitting it's mega rich and g. side have survived a scare in the russian cup they beat second tier team europe forty one penalties to reach the last thirty two of the russia cup angie are riding high in the russian primarily get the moment but couldn't break down their opponents and source tried to seen it already sent off the next three times while you're a spartan gagne have missed a penalty set a match beginning to be a shootout where brazilian midfielder netted the next step agreed to get off the beach second to guard the forty former russian champions than you are right loosing two one to the side to me. meanwhile and then it's under five striker alexander and midfield there's not any sort of have both been called up for russia's two world cup qualifiers at home to portugal and as a beyond next month capello will make his final squad next week because you go from russia captain denise should have been obvious choices but that was dad's after both we

financial crisis in america the europe let the situation when we have actually have the weakening of the financial competition in russia and as you see the russian banks start to to be more active in other parts of the world in europe in asia so i think that's a good time for us and banks to expand and that's what we to be all about doing that. and we have a lot of interest coming up this week of course as the apec summit everyone's gearing up to that the business elite from around the world is coming down so we'll have a lot of interest from there but for now so back to you in the studio well thanks for that update marina right i will be back with our top stories in just a couple of minutes stay with us here on r.t. . download the official ati application cellphone choose your language stream quality and enjoy your favorites from alzheimer's now t.v. is not required to watch on t.v. all you need is your mobile device to watch on t.v. any time. they're watching r t thanks for being with us here's a recap of our headlines the world's two largest armies are those of india and china and

occupy" movement that started in new york a year ago later spread to other cities across north america and europe. just ahead: a new report about home prices around the country and how chicago compares. and, still to come this midday: what to do with your old iphone if you're buying the latest version. and later in lunchbreak: it's a great source of omega 3's.... how to incorporate smoked fish into everyday recipes. we are live from the new york stock exchange with your bloomberg "on the money" report: home prices across the country are on the rise again to the tune of 5 percent but it's a different story in chicago where home prices are down 4% compared with last year the inventory of homes there is down 4.6 percent compared to last year the anticipation is building for the release of apple's i phone 5 ... the pre orders have already sold out for friday deliveries customers have ordered the phone in record numbers they may sell as many as 58 million by the end of this year ... what should you do with your old apple i-phone? recyclers report that nearly all of these sold will replace an older mod

four and five create many opportunities for the country's top lenders the financial crisis in america and europelet officiation when we have actually the weakening of the international competition and russia and as you see the russian banks started to be more active in other parts of the world in europe and the so i think that's a good time for us and banks to expand and that's what we need to be doing. all right that's it from us here at the business that's for now back to you tabby. right thanks marina for that update joe we'll see you tomorrow yes you will ok right up with our top stories in just a couple of minutes you're watching our stay with us. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm trying hard welcome to the big picture. wealthy british style none of us no time to write in. markets why not.

financial crisis in america and europe led to the situation when we have actually been weakening or the international competition and russia as you see the russian banks started to be more active in other parts of the world and we were up in the year so i think that's a good time for us and banks to expand and the thwarts me to be your doing. and that's what i have for you this hour is happy well thanks marina it will be interesting to see how bulgaria actually in the ural strengthened exactly and exactly but i don't blame them i have to say i'll be back with the top stories in just a couple of minutes stay with us. well . technology innovation all the developments around russia we've got the future. we're watching our t. here's a recap of the headlines single currency step back from the e.u. is most economically vulnerable nation bulgaria joins a growing chorus against the euro and dumps its long held plans to what dumped it. she of the world's largest armies those of india and china unveiled plans to work more closely leaving west some countries on the edge over they going influence i

their outlook going forward for north america and europe is going good for the double-digit sales growthpect in same-store sales. apparel, watches, all kinds of things they're doing pretty well. yeah, that's what we're looking forward to. 4.3% to the downside. ashley: just slightly lower. main we get it back up to normal by the time we're finished. nicole, thank you very much. we'll check back in with you in 15 minutes. >>> coming up when a company spins off a business which stock is the better business? that is good question. credit suisse has been crunching numbers for more than a decade and we'll find out what they found out next. tracy: look how the dollar is doing against its foreign currencies. >> 20 minutes past the hour i'm lauren green with your fox news minute. the mayor of trenton, new jersey was arrested this morning the victim of a fbi corruption probe. federal prosecutors claim mayor tony mack took bribes ñ pg garage in the city. his brother and campaign supporter were also arrested. >>> the federal government is expected to formally recognize rescue workers and residents l

latin america, eastern europe, asia. >> very good point. great to have you on the program.ll be watching when this is on store shelves, november? >> november 18th. >> just in time for the holidays. great to see you. thank you so much. have no fear, the markets certainly don't. there may be another way to profit from what's happening in the stock market. we're going to take a look next. then, how does working eight days a month sound? good work if you can get it, right? that's what congress is doing this month. lawmakers will not be returning until after the election. all while the fiscal cliff looms. my observation on that one coming up. stay with us. ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ...that inspires me to make my mark. ♪ [ male announcer ] the all-new lexus es 350. ♪ >>> folks, earlier today we asked you to cast your vote on who you thought had the biggest ego trip of the week. who was totally tripping out there? the voting has closed and now it is time for the big reveal. so between mark zuckerburg, ben bernanke and tim cook who do yo

and that the action began after hours of practice in the glitzy ceremony america or in europe had to do battle in the ryder cup. first russia not a patrol or has caused another major upset at the pump pacific open beating eight seed sam stosur to reach the final in tokyo and she did it in straight sets to portray over is ranked eighteen in the world but always looked better player claiming a six poor six two victory carrying nine aces along the way all those days that didn't help herself with thirty nine unforced errors in the final her tribe or will face the defending champion significant advance two of them are after she thrashed germany and surely. any malkin's home debut in the cage could not have been much better the pittsburgh penguins star is playing for metal magnitogorsk in russia during the n.h.l. lockout and got a goal and two assists in a six one thrashing of western conference leaders of prague he played his part in the opening goal skating through the neutral zone before feeding dennys platen off to maybe one nil early on. but you did get one bang through alexander pica

to another threat facing america' businesses europe. u.s.plunging 12 percent in jewelry sessions cutting big time in demand over there. charles pain on the effect it could have on jobs over here. >> there's no job about it. our deficit was up 50 percent month after month june to july. >> what happened? >> that's a gigantic jump. even germany was down to a multi year low. european unions are in a lot of trouble. you look at spain, italy, portugal those kinds of things. we are talking plunging. >> kodak. they must be telling us something right. the bottoms came out of there. >> the bottom came out of there. you know what's interesting this stuff tells a lot. how do we take advantage of a global economy? we can export things out of the nation. when you have a strong dollar it's tough. we have amazing companies. mcdonald was up because it does better overseas. apple is going to sell 67 percent of the products overseas. sometimes you have to make that stuff overseas, too. we are in a real quandary here. >> we talk about the 800 thousand jobs he w

i think most of the problems in europe today and in america today are not problems of liquidity. there's not a lack of liquidity in our banking system or corporate america. so essentially what europe is trying to do is cover up what are insolvencies with the governments there, and that means transferring the losses to somebody. we should bear those losses and see reform, and for the fed it's been one attempt to recreate asset bubbles after another. and i think many of our problems are very structural and can't be met by that. >> the criticism of the central bank intervention social security that it distorts them economically. it delays a full recovery because we don't go through the necessary pain and recovery process that happens in a cyclical economic environment, has it done more harm than good? >> you don't want to see the real problem. there's a big difference between what's going on in europe and what's going on in the united states. the 17 nations of the european union that have the euro, are not able to print their own currency, and we are. that's a huge difference, so wh

union was determined to maintain its own costs to a degree located halfway between north america and western europe the space bergen archipelago is part of norway with a special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the use of sars westernmost outpost now it's one of the soviet union slask preserved relics. very. picture of the soviet union if it was cut off from any financial support for two decades curious. for western tourists and i think it could be even more appealing for russian travelers to keep its presence on spitsbergen russian. coal mine here but in terms of profit is far behind local souvenir shops so between mary bill it is a big hit the defunct are incurred and still helps keep the money flowing guys it's all rushing through your show but you can't put a. link there on. your local administration is increasingly under pressure to bring the infrastructure up to more than standards these modernization efforts are not very popular with tourist operators if you come into a very authentic place like bond it should stay

failure in tunisia, libya and yi egypt to control violent mobs of salafis enraged by mockery in america and europe of islam and the prophet muhammad suggests -- your turn now. >> my turn now. i think this is a turning point. i have never seen more muslims on twitter denouncing the attack of the ambassador. thousands writing condolence letters. i think this could be a tipping point in the right direction. it's not overnight. you can't change it in one day. i'm being honest. if you go to twitter and facebook and see the comments i'm getting from people, i've never seen this before i've never seen muslims from other countries, tunisia, pakistan and the middle east denouncing this. to me, i think we're at a point where perhaps we're about to take a big step forward. >> dean, thank you very much. >> thanks, don. appreciate it. >> i appreciate having this conversation, too. you heard dean mention this about our conversation. our conversation about this topic started on social media last night. most of you were happy to finally hear an honest discussion on television, some of you called me biased. others

half way between north america and western europe bergen archipelago is part of norway that has specialstatus that allows other countries to set up bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. picture of what would have happened to the soviet union if it was cut off from any financial support for two decades curious for western tourists and i think it could be even more appealing for russian travellers the local administration is increasingly under pressure to bring the infrastructure up to more than standards. for it's not very popular with tourists. coming to a very place. should stay the way it is that would be my wish i mean that's the part of the. tradition here. i should not like to have it in a shiny condition to be the time to change even for the better is not always good for business something that even a local band has become. when they try to add morning russian songs to their repertoire. called all they wanted to hear it was a song with familiar. wealthy british style. markets. find out wh

. >> we can't afford to cost our friends and allies from latin america to europe to asia to the middle east and especially in israel, a nation under existential threat, to doubt america's leadership. >> we cannot be reluctant to lead, and you cannot lead from behind. >> his trillion dollar cuts to our military will eliminate hundreds of thousands of jobs and also put our security at greater risk. >> last friday, mitt romney brought up the president of the united states, his birth certificate. they can't get away from that, but wait a minute, it was just a joke. but the day after the republican convention, speakers lined up to question president obama's americanness. is he really an american? president obama has been president of the united states for nearly four years and republicans are still questioning his values as an american citizen. it's the twisted version of the truth and it was embraced by everybody in the room. >> barack obama has a problem with the american dream. >> obama is stifling the american dream, primarily because it isn't his dream. >> what this administration has

half way between north america and western europe this busy bergen archipelago is part of norway witha special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. picture of what would have happened to the soviet union if it was cut off from any financial support for two decades curious for western tourists and i think it could be even more appealing for russian travellers the local administration is increasingly under pressure to be.

assembly where you have so many third world countries who are at this moment being exploited by america of western europe and the corporations that are domiciled in those places so i don't think he adequately addressed any of the real issues before the general assembly and what was interesting was that the theme of this meeting today is the peaceful resolution of conflict and of course the u.s. and libya is one example that the world is aware of and he apparently has a different picture of what i mean mr obama also declared the video that costs a myself things would not be banned and that the rights of americans to make such videos must be respected by muslims how is that going to go down with the arab world well if this were happening in isolation if the united states were treating muslim countries you know historically and at the present in a bilateral egalitarian fashion i don't think that a video would carry the same inflammatory tone regardless of you know whatever is actual content is that it does in the context of a constant war on muslim nations a constant exploitation of muslim peoples and count

of the world economy is steadily moving from the western region for western europe america the v. atlantic region to asia and to the pacific region do you do you do you agree with that yeah i think definitely this is the case and i think the summit and actually it's very critical that it's happening in russia is it a case or a trend i mean moving the moving i think it's a trend really and if you see china's gross if you see some of the efforts of the region in the eastern part of the world to integrate and to have internal grows you see a major shift happening because whereas before for example china was exporting most of the things into the united states now it has very robust very significant internal market and this is a case with many economists so definitely becoming a very big factor in what is happening in the world but if we keep in mind the economic difficulties and we even call it an economic crisis that that happened in the west and many western countries have had still not recovered from this from this economic crisis is it true that the asian countries they look more