as an eu country. >> a 69 year-old collapsed during his meeting with hillary clinton. a company running the new zealand mine where seven men died say that it has been an opel -- unable to open and is in a precarious financial situation. it is unlikely there will be any more survivors in south korea. people have been confirmed dead. others were rescued from the crew. egypt had a series of shark attacks. a german woman was killed and four other tourist were injured on the beach from these shark attacks. they want to have new safety measures to protect swimmers. >> they are putting in a number of safety measures to have people controlling the beaches and swimming areas will be restricted. they will have watchtowers with and people divers with binoculars looking out for this. but they cannot have the sharks responsible for these attacks. it is unfortunate that a fatal attack happened. the shark expert said that he believes it is multiple sharks involved. there is this question of behavior and protection. -- protection. the question is whether the terrorists will feel reassu

he is wanted under an eu-wide warrant.wedish officials have charged him in connection with sex crimes committed against two women. lawyers for the 39-year-old maintain both charges are politically motivated. assange says the u.s. government is trying to punish him for his publication of secret documents. >> he is very worried about his colleagues at wikileaks, but he understands that the organization is functioning. >> supporters continue to stand vigil outside the jail where assange is being detained. they say it is obvious that the political elements have continued his incarceration. >> with sweden appealing the decision to grant bail, i asked our correspondent in london what happens next. >> it is considered unlikely that this appeal will be granted. so julian assange can hope that he can leave prison within a couple of days. then he will actually have to appear in court again on january 11. until then, he has to surrender his passport and adhere to a curfew and where electronic tags. later on, there's another big court

government is expecting to pass the toughest budget in the history of the republic clearing the way for an eu bailout worth 85 billion euros. they have 6 billion euro in cats. the finance minister says that the top 1.5% tax will stay. >> eyes are on the ireland finance minister. he has the task of releasing a tough budget to the irish parliament needed to secure the bailout from brussels. this is the fourth since the crisis struck days ago. >> we can get firmly back on our feet. this is a substantial down payment on the road back to economic health. >> the finance ministers could not agree on extending the bailout fund but did reach a deal on financial aid for ireland. the military affairs commissioner sees light as the end of the tunnel. >> it is good to note that the real economy of ireland is recovering and we have seeing exports grow and economic improvement in the private sector. >> doblin will only be able to access the 85 billion euro rescue package if parliament passes the budget. the vote is too late tuesday evening. >> thank you. the german foreign minister has called the two days o

he is wanted under an eu-wide warrant.wedish officials have charged him in connection with sex crimes committed against two women. lawyers for the 39-year-old maintain both charges are politically motivated. assange says the u.s. government is trying to punish him for his publication of secret documents. >> he is very worried about his colleagues at wikileaks, but he understands that the organization is functioning. >> supporters continue to stand vigil outside the jail where assange is being detained. they say it is obvious that the political elements have continued his incarceration. >> with sweden appealing the decision to grant bail, i asked our correspondent in london what happens next. >> it is considered unlikely that this appeal will be granted. so julian assange can hope that he can leave prison within a couple of days. then he will actually have to appear in court again on january 11. until then, he has to surrender his passport and adhere to a curfew and where electronic tags. later on, there's another big court

despite division on issues, german chancellor angela merkel said the eu had made an import decision for the future of the euro. >>s the german chancellor and other european leaders overcame most differences. and have agreed to set up a permanent emergency rescue fund to take effect in mid 2013. the 27 members were more -- will more closely coordinate their economic policies, the basic agreement, but there are no details yet. >> i cannot offer any definite points today. this applies to all political areas. we're looking to see if there is a good amount of common ground and where we still have work to do. >> the summit was meant to calm things after summer in which the euro was threatened. but it is not clear how long the agreements will stabilize the european currency. there were negative signals from the market. moody's once again once again downgraded ireland's credit rating. >> what we're looking at is the real economy in ireland and how it is doing. >> so werhoping fomore substantive progress. bu>> this would win additional liquidity for europe and that could easily lead to lower int

eu leaders together to discuss the future of the euro. and an exhibition in bonn about napolean's influence on europe. wikileaks founder julian assange has been granted conditional bail by the high court in london after a judge rejected an appeal by swedish prosecutors. julian assange is fighting extradition to sweden where prosecutors want to question him about allegations of rape. for the time being, he will be living under strict conditions in england until this case is heard early next year. >> julian assange emerged from the high court to the cheers of supporters. >> it is great to smell fresh air again. first, some thank yous. to all the people of around the world who had faith in me. >> after posting 280,000 euros bail, julian assange remain subject to stringent conditions. he must wear an -- electronics tag and is restricted to living here. swedish authorities are still trying to have him extradited on allegations of sexual misconduct. he denied the charges. his lawyers called them politically motivated. julian assange turned himself int

we didn't have to, to make a contribution to that package beyond just being an imf shareholder, beyond being a member of the eue're offering a 300 quarter billion pound bilateral loan to the irish. and i expect it to be taken off as part of that international package. >> let me ask you about the euro membership because your party of course opposed the eu membership on the grounds signing up to a single currency would be a major loss of control to brussels. do you agree that this is actually an indication that we'll see europe's federalists push through a political union of some sort where as the stronger countries will have more influence on the weaker countries in terms of how they're governed, and the stronger countries will see higher taxes to transfer that money? >> well, the reason why the united kingdom didn't join the euro, and there were plenty of people in the uk who wanted us to, the reason we didn't is those arguing against, which i was one, said you lose control over your monetary policy. and you also lose your exchange rate flexibility, obviously. and i feel that obviously vindicated by recent eve

despite division on issues, german chancellor angela merkel said the eu had made an import decision for the future of the euro. >> the german chancellor and other european leaders overcame most differences. and have agreed to set up a permanent emergency rescue fund to take effect in mid 2013. the 27 members were more -- will more closely coordinate their economic policies, the basic agreement, but there are no details yet. >> i cannot offer any definite points today. this applies to all political areas. we're looking to see if there is a good amount of common ground and where we still have work to do. >> the summit was meant to calm things after summer in which the euro was threatened. but it is not clear how long the agreements will stabilize the european currency. there were negative signals from the market. moody's once again once again downgraded ireland's credit rating. >> what we're looking at is the real economy in ireland and how it is doing. >> some were hoping for more substantive progress. bu>> this would win additional liquidity for europe and that could easily lead to lowe

an enormous amount at stake here. what's striking about the last year is the growing realization on the part of many other partners around the world, in the eu, russia, parts of asia about what's at stake and the dangers of a nuclear-armed iran, and what that led to is an unprecedented set of measures, not only resolution 1929 that provided the foundation for it, but an unprecedented look that they were reluctant to take before that japan, korea, norway, and other countries have taken and steps russia have taken that they were not prepared to take in the past like curves on transfers to iran and canceling of a major arms sale. all that reflects,ic -- i think, is a widening stake. we will continue to work with our partners to drive home to iran the choice it faces and the importance of it choosing a path to allow its people the connection to the rest of the world as you rightly said that i think they thirst for, and that we saw very vividly in the writing and the other concerns that played out on iran's streets the summer before last. >> do we have the time in >> we feel a real sense of or urgency, and we need to see action as quickly as we p

an economic recovery basically. things have worsened in europe so the greek debt problem developed to the level of the financial rescue by the eu and the imf. and that had a great impact on the euro. i think it was an underlying cause for the trouble and that it was the less than expected economic recovery such as lowering of the world economy recovery weakened the euro and dollar against the yen. the japanese government intervened in september but that wasn't effective. and so the yen/dollar rate hit the atn at the end of october, the lowest of the last 15 years. things have changed since november when the u.s. introduced quantitative easing phase two and also the bank of japan implemented comprehensive easing monetary policy. overseas investors saw the turning point in the yen/dollar rate and also saw the earnings strength of the japanese corporations even despite the higher yen. and so they are starting to appreciate the japanese stocks and now are overcoming those troubles toward next year. >> investors will be keen to see if the nikkei can continue the overall positive momentum that it's seen since early november. they'll

connection with statements that have been made in washington and a number of eu capitals, and attempts to exercise pressure on the court are an acceptable. planes that -- we expect everyone will in their own business. mikhail khodorkovsky is serving for tax evasion. his supporters claim that charges were brought in his criticisms were to blame. a few protesters were back at the court for the second day of the reading of the verdict. people were not allowed to pass by. they put the barriers for a reason. what happened here yesterday reminded me of the way the not to police acted. they took people, some of them disabled. the riot police was real facism. >> the concern about the verdict was far from universal inside russia. mikhail khodorkovsky will learn how many years he will have to spend in prison. >> sir elton john and his partner have become the parents of a baby boy, born to a surrogate mother. the name has bee>> sir elton jos partners celebrati. they have been a couple since the early 1990's. now they are parents thanks to a surrogate baby boy born on christmas day. ♪ it is not the first time they have attempted to raise

eu leaders together to discuss the future of the euro. and an exhibition in bonn about napolean's influence on europe. wikileaks founder julian assange has been granted conditional bail by the high court in london after a judge rejected an appeal by swedish prosecutors. julian assange is fighting extradition to sweden where prosecutors want to question him about allegations of rape. for the time being, he will be living under strict conditions in england until this case is heard early next year. >> julian assange emerged from the high court to the cheers of supporters. >> it is great to smell fresh air again. first, some thank yous. to all the people of around the world who had faith in me. >> after posting 280,000 euros bail, julian assange remain subject to stringent conditions. he must wear an -- electronics tag and is restricted to living here. swedish authorities are still trying to have him extradited on allegations of sexual misconduct. he denied the charges. his lawyers called them politically motivated. julian assange turned himself int

an enormous amount at stake here. what's striking about the last year is the growing realization on the part of many other partners around the world, in the eu, russia, parts of asia about what's at stake and the dangers of a nuclear-armed iran, and what that led to is an unprecedented set of measures, not only resolution 1929 that provided the foundation for it, but an unprecedented look that they were reluctant to take before that japan, korea, norway, and other countries have taken and steps russia have taken that they were not prepared to take in the past like curves on transfers to iran and canceling of a major arms sale. all that reflects,ic -- i think, is a widening stake. we will continue to work with our partners to drive home to iran the choice it faces and the importance of it choosing a path to allow its people the connection to the rest of the world as you rightly said that i think they thirst for, and that we saw very vividly in the writing and the other concerns that played out on iran's streets the summer before last. >> do we have the time in >> we feel a real sense of or urgency, and we need to see action as quickly as we p

bringing down the corporate tax rate to something i believe close to the median of the eu is an important part of this debate. i know we do not employ a dynamic scoring. i know we cannot grow our way out of this crisis. i believe if we did employed dynamic scoring, this would be not insignificant -- in not insignificant part of this solution. i would applaud you for that. with respect to social security, i believe in personal accounts. i want to use the power of compound interest to grow our way out of this. that is not in this plan. having said that, i would be more than satisfied to say -- save social security for the next couple of generations. and support the proposals that you have included in this plan. i have been picketed before for my views in trying to save current entitlement programs for future generations. i am happy to do it again. i am prepared to do it again. i continue to have concern about the tax portion of this. concerning a couple of different ways. i do not favor any tax increases. as we know and -- under cbo, taxes will increase as a percentage of gdp. that is given

jobless rate is the eu's highest a 20% the changes in spain helped boost stock market shares in the spanish bank's went ahead 8% on wednesday. strong economic news from the u.s., including anmprovement in the private sector job creation, gives dogs in your their biggest one-day lived in three months. investors also enjoyed a rally on wall street. we talked about the positive moves at the new york stock exchange. >> 93,000 jobs created in the private sector in the month of november. that was the biggest increase in three years. and it is still not enough to really get the high employment rate down, but it is a step in the right direction. and for the past 10 months, we had consecutive job growth in the private sector. so some good news from that area on friday. on friday, by the way, we will get the big job data that will be published by the labor department. >> what else is pushing stocks higher on this wednesday? >> the euro. we saw the euro under heavy pressure for the month of november, roughly dropping a good 8%. and now, on the first trading day of december, we see a little bit of strength in the euro. so we see pressure on the dollar. that is another big reason why t

bringing down the corporate tax rate to something i believe close to the median of the eu is an important part of this debate. i know we do not employ a dynamic scoring. i know we cannot grow our way out of this crisis. i believe if we did employed dynamic scoring, this would be not insignificant -- in not insignificant part of this solution. i would applaud you for that. with respect to social security, i believe in personal accounts. i want to use the power of compound interest to grow our way out of this. that is not in this plan. having said that, i would be more than satisfied to say -- save social security for the next couple of generations. and support the proposals that you have included in this plan. i have been picketed before for my views in trying to save current entitlement programs for future generations. i am happy to do it again. i am prepared to do it again. i continue to have concern about the tax portion of this. concerning a couple of different ways. i do not favor any tax increases. as we know and -- under cbo, taxes will increase as a percentage of gdp. that is given

eu spends billions of years of subsidies on agriculture. the subsidies are generous to crop producing land, delivering an actual harvest. that is the opposite of what is needed to ensure biodiversity. semi-wild farm land is needed. this is a perk exampperfect exaf how the un farmers can work hand in hand. >> wehaheat as far as the eye cn see. there are green strips of biodiversity. newly created habitats left by local farmers for local flora and fauna. it is a combination of agriculture and conservation. the green zones provide a habitat for creditors and pests that would otherwise damaged harvests. farmers set aside 5% of land, leaving it to return to a semi natural state. this provides a place to live for a species threatened with extinction. that has been a blessing for one rare bird of prey. it has not been here for years -- senior for years but six of -- seen here for years but six breeding pairs have appeared. farmers take special care when harvesting. as long as the harriers are flightless, they need to protect the nests in the cornfield to reach maturity and let them fl they ive the combine harvester around the

eu. he was an integral part of our conversation today. he is an old friend and a great ambassador. is great to have him back in washington. >> we will be happy to answer any questions. >> i have a question for the secretary. i believe several months ago, you were saying that the existing agreement was working very well. why do you feel that the eu is coming here at saying that they want a new agreement? on the other agreement, the state of protection agreement, i believe one of the eu key issues is the fact that european citizens do not have the same right of recourse as u.s. citizens under the privacy act. what do you think are the prospects for any change to the data privacy act? >> the nice thing about pnr is that we do have an existing agreement. it can always be improved, particularly in light of the systems that are in place now, which have been improved since 2007. some of the issues that have been identified that we need to address together. i think the purpose of the mandate is to make sure that the agreement between the eu and the united states takes care of some of those

eu's highest a 20% the changes in spain helped boost stock markets. shares in the spanish bank's went ahead 8% on wednesday. strong economic news from the u.s., including anmprovement in the private sector job creation, gives dogs in your their biggest one-day lived in three months. investors also enjoyed a rally on wall street. we talked about the positive moves at the new york stock exchange. >> 93,000 jobs created in the private sector in the month of november. that was the biggest increase in three years. and it is still not enough to really get the high employment rate down, but it is a step in the right direction. and for the we had consecutive job growth in the private sector. so some good news from that area on friday. on friday, by the way, we will get the big job data that will be published by the labor department. >> what else is pushing stocks higher on this wednesday? >> the euro. we saw the euro under heavy pressure for the month of november, roughly dropping a good 8%. and now, on the first trading day of december, we see a little bit of strength in the euro. so we see pressure on the dollar. that is another big reason why the market starte

an artillery exercise by south korean forces. european union environment ministers have been meeting in brussels to discuss the agreement reached at the recent u.n. climate summit in cancun. the euo get leading role at the summit, calling on other countries to do more to permit climate change. the eu also has to do more. it wants to meet the same high standards it is demanding of everyone else. >> germany's environment minister says he thinks the climate summit in cancun was a success. now he and his counterparts in the european union have to show that they can implement the climate protection measures they're asking other countries to adopt. for instance, with the vans and other utility vehicles, new regulations will require them to burn less diesel and reduce carbon dioxide emissions. >> we have now said a long-term goal of 147 grams of co2 per commager by 2020. for vehicles weighing up to three d a half tons. it is a very good compromise on something that was a source of the way for a long time. >> that figure is higher than with the european commission had proposed last year. still, the eu climate change commissioner sees the compromise as a step forward. >> we have that thi

an energy-efficient bold. they are standing firm to ban the sale of conventional light bulbs by 2012. the eud 100 watt and brighter bulbs. they last longer and use less energy. they are more expensive by about $2 per six-pack. the bulbis could cause a hazard if they break. a similar law bans conventional light bulbs by 2014. they will start implementing it next month. >> today is the last chance to ship fedex express in time for christmas. more than 223 million shipments moved through in the holidays and all that traffic is paying off for fedex investors. they posted second quarter earnings of 89 cents per common share. >>> you heard of pay it forward, but how about make it personal? from dallas, a company that is handing out an unusual holiday bonus. >> the holiday bonuses these employees receive are changing lives. >> we established a program called making it personal. what it is is making the process of giving and changing the world much more perfect for each employee. >> every year employees receive $1,000 to give to someone in need. the recipient cannot be charity. >> i couldn't believe

union as an example they were faced with similar challenges, and what they did was to invest in the poorer nations. when they opened the borders, no one came. less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have been a resident of san francisco or the past few years. -- for the past 20 years. in my immigration practice, which i started with the help of the immigrant resource center, who was trying to help low- income immigrants adjust to life in the u.s. new life after amnesty, a lot of people were not able to immigrate because of a lack of money. still to this point, i see a lot of immigrants who want to get their work permits. i ask them how long they have been here. sometimes they have been here since the 1970's, 1980's, 1990's. a lot of them are elderly who a lot of them are elderly who are ready to retire.

union as an example they were faced with similar challenges, and what they did was to invest in the poorer nations. when they opened the borders, no one came. less than 2% of member states in the eu are finding less and less immigration. pepople are happy to stay home, if there is work. >> thank you for coming and sharing your ideas about immigration. the member for of 1981 i came to the united states -- november 1981 and came to the united states. i have

eu spends billions of years of subsidies on agriculture. the subsidies are generous to crop producing land, delivering an actual harvest. that is the opposite of what is needed to ensure biodiversity. semi-wild farm land is needed. this is a perk exampperfect exaf how the un farmers can work hand in hand. >> wehaheat as far as the eye cn see. there are green strips of biodiversity. newly created habitats left by local farmers for local flora and fauna. it is a combination of agriculture and conservation. the green zones provide a habitat for creditors and pests that would otherwise damaged harvests. farmers set aside 5% of land, leaving it to return to a semi natural state. this provides a place to live for a species threatened with extinction. that has been a blessing for one rare bird of prey. it has not been here for years -- senior for years but six of -- seen here for years but six breeding pairs have appeared. farmers take special care when harvesting. as long as the harriers are flightless, they need to protect the nests in the cornfield to reach maturity and let them fly. they drive the combine harvester around

decreased every year since, with an export tariff rising. 15" overseas demand now surpasses the quota - leaving downstream western manufacturers vulnerable. >>mackie: the us and the eu complain that china's rare earth production strategy - trade, taxation, investmentand export policies - violates its world trade organisation commitments and distorts competition. the chinese, on the other h if others want more rare earth metals, then they should exploit their own resources. >>reporter: so rare earths are now highly political. and especially so for the us military which, in a glaring example of supply chain neglect, depends on imports of these metals for sophisticated radar and weapons. to bolster global supplies, plans are now in place to have two new rare earth projects - in california and australia - operational by 2014. however, baiyun obo will still be, by far, the world's biggest mine- though china wants to ensure that its output is used mainly to develop domestic tech manufacturing, especially as other countries, including south africa, canada and brazil, are sitting on reserves. >>anwen: they have their own resources, can develop their processing industries an

eu, william. he is right there. he was an integral part of our conversation today. he is an old friend and a great ambassador. it is good to have him back in washington. thank you, bill. >> the question is for the secretary. i believe several months ago, you were saying that the existing agreement in 2007 was working very well. the eu is saying that it wants a new agreement. on the other agreement, data protection agreement, i believe one of the the key issues is a fact that european citizens do not have the same rights and records as u.s. citizens under the u.s. privacy act. i am wondering what you think are the prospects for any change to the data privacy act that would give the citizens equal access. >> the nice thing about pnr is that we do have existing agreement. it can always be improved. particularly in light of the systems that are in place now, which has been improved since two dozen 7. because of some of the issues that have been identified, we need to address them together. the purpose of the mandate is to make sure that the agreement between the eu and

eu, william. he is right there. he was an integral part of our conversation today. he is an old friend and a great ambassador. it is good to have him back in washington. thank you, bill. >> the question is for the secretary. i believe several months ago, you were saying that the existing agreement in 2007 was working very well. the eu is saying that it wants a new agreement. on the other agreement, data protection agreement, i believe one of the the key issues is a fact that european citizens do not have the same rights and records as u.s. citizens under the u.s. privacy act. i am wondering what you think are the prospects for any change to the data privacy act that would give the citizens equal access. >> the nice thing about pnr is that we do have existing agreement. it can always be improved. particularly in light of the systems that are in place now which has been improved since two dozen 7. because of some of the issues that have been identified, we need to address them together. the purpose of the mandate is to make sure that the agreement between the eu and t

an artillery exercise by south korean forces. european union environment ministers have been meeting in brussels to discuss the agreement reached at the recent u.n. climate summit in cancun. the euo get leading role at the summit, calling on other countries to do more to permit climate change. the eu also has to do more. it wants to meet the same high standards it is demanding of everyone else. >> germany's environment minister says he thinks the climate summit in cancun was a success. now he and his counterparts in the european union have to show that they can implement the climate protection measures they're asking other countries to adopt. for instance, with the vans and other utility vehicles, new regulations will require them to burn less diesel and reduce carbon dioxide emissions. >> we have now said a long-term goal of 147 grams of co2 per commager by 2020. for vehicles weighing up to three and a half tons. it is a very good compromise on something that was a source of the way for a long time. >> that figure is higher than with the european commission had proposed last year. still, the eu climate change commissioner sees the compromise as a step forward. >> we have that t

eu average. you might as well start with the most accurate forecast for the economy. as i say, it is not much of ans of what they've said day. of course, he skated over the fact that because of a welter changes we introduced, we have been able to introduce the head count reduction, which any deficit-reduction program, assuming the one he will propose, as required. he should at least acknowledge that the welfare changes to achieve that, and his party leader calls them very important choices about whether they will support welfare reform or would rather see a higher public sector doposses. -- job losses. he said he did not believe in the rebalancing of the economy. the assumptions for exports and investment i made were pitiful. they are the estimates made by pimm independent body, whose members were -- that their appointment ratified by the select committee. he accused me of having no alternative measures. [laughter] as far as i can tell the have a blank sheet of paper as the new economic policy. they talked about the importance of protecting intellectual property and supporting the fourth of bonds a

an average of just over 2% per annum over the same period. so if the real economy is poised to grow, why do we need the help of the imf and the eu? the answer is: we need their support to break the vicious cycle that has threatened our national finances and our banking system since the second quarter of this year. following the greek crisis this spring, funding for the state and our banks became increasingly expensive. the rising costs of dealing with the banks that became evident during the autumn and the growing concerns about the prospects for the global economy reinforced doubts among international investors about the sustainability of our public finances and our capacity to fix the financial system unaided. the joint program of assistance, involving stand-by resources of up to 85 billion, provides us with the firepower we need to restore market confidence, strengthen the financial sector and press ahead with our plans to reduce the budget deficit and facilitate the economy's return to sustainable growth. without this support, there would have been serious doubts about the ability of the state to raise funds at reasonable cos