and the russian empire in central asia. yet rather than being concerned about an external enemy, the russians necessary, at the early part of a 19th century the east india company was much more concerned with its own internal security. and what it sought to do with stabilize its role within south asia. by stabilizing its frontier. and so the east india company initially gets drawn into afghanistan. as a matter of a matter of fact in or to stabilize its own rule in south asia. >> when did the great king begin? >> the great again, if one subscribes to it really begins, there some literature that says it begins in the early 18th, 19th century, excuse me, other literature really sees the heyday in the late 19th century. once the russians established their own rule over the central asian in 1860s and once they built the central asian railroad in the 1870s and 1880s. but it's important to note that even the most hawkish british strategic thinker, when writing about the impending russian threat to british india, marching through a

so we put south -- central asia with south asia in both the state department and in the, and in the nsc i think the pentagon was way ahead of this long before the state department, and the nsc came to that conclusion. we have a european region that includes ukraine, belarus and moldova, but also russia and all the states of western and eastern europe, and we have a caucuses renal that we really -- region, that we really need to envision as including the north caucuses of russia proper, the south caucasian states, and i would argue, the neighboring region particularly turkey, iran and iraq. and moving forward we need to think about u.s./russian relations not in terms of what we once called the former soviet space, but in terms of these new geopolitical configurations. the second point is that i think it's quite clear that aggressive competition between the united states and russia along russia's periphery in ukraine n georgia and in central asia poison the entire u.s./russian relationship. certainly during the bush administration. less so now because there have been efforts made by the o

trade initiatives in afghanistan and central asia.in a little more than an hour and a half the postal workers union on the future of the u.s. postal service. then, a discussion on the future of human spaceflight and later we will re-air the speech by james mulva the chairman and ceo of the energy company, conocophillips. >> this is a dangerous time for britain and a dangerous time for britain's economy. the governments austerity plan is failing. you can sense the fear people have as we watch the economic crisis that stalls our country and 2008 threatens to return. >> with the british house of commons still in recess annual party conferences are continuing in the u.k.. what's labour party leader ed miliband keynote from the labour party conference sunday at 9:00 on c-span. >> that language specifies the state medicaid plan must provide for the payment of rates which the state find makes assurances matter-of-factly to the secretary. >> listen to c-span radio in washington d.c. at 90.1 fm nationwide on xm satellite channel 119 and on lin

-- central asia with south asia in both the state department and in the nfc.i think the pentagon was way ahead of this long before the state department and the nsc came to that conclusion. we have a european region that includes ukraine, bell reduce, and all the countries of western europe, and we have a caucuses region that needs to include north russia proper, the south caucasian states, and i argue the neighboring region like turkey, iran, and iraq. moving forward, we need to think about u.s.-russian relations not in terms of what we once called the former soviet space, but in terms of these new geopolitical configurations. the second point is that i think it's quite clear that aggressive competition between the united states and russia along russia's prief yal in ukraine, georgia, and central asia poisen the entire relationship. certainly during the bush administration, but less so now because there's efforts made by the obama administration to temper some of that competition. now, the differences in the problems do not arise from a misunderstanding from t

trade initiatives in afghanistan and central asia. this 90 minute event is hosted by the central asia caucasus institute and a train to study program, which is affiliated with the school of advanced international studies at johns hopkins university. [inaudible conversations] >> good afternoon, ladies and shot him in. my name is fred starr chairman of the caucus institute. the program today is cosponsored by the center for strategic and international studies and i am pleased to introduce our co-convener and friend from the sis, anger questions. let me also note that there are various books and studies on today's topics, some of them free. and these are available out right after the program. on the 20th of july in chennai, india, secretary of state clinton had this day. she said, i want to be very clear, the united states is committed to afghanistan and to the region. we will be there. yes, we are beginning to withdraw combat troops and transfer responsibility for security to the afghan people, a process that will be completed in 2014.

it's that demand from china that should keep asia a bit more insulated and keep asia's economy growing more strongly than during the 2008 financial crisis. hopefully, looking ahead that they will be correct. >> disturbing statistics there. asia business analyst, thanks for that. you can get more from the whole of cnn's business team. read blogs from our team of reporters and crews in the field. it can also catch up with the episodes of the boss. leave your comments for us. >>> the rug by world cup is entering the final weekend of group matches. south africa and samoa is playing. also an action-packed weekend of rug bee coming up. on saturday australia will be playing russia. then france will be taking on that later. the rug by boss threatened to pull them out of the world cup if the team doesn't get more support. both new zealand and australia have been critical of the cost at competing of the cup. it causes big disruption and leaves them with millions of dollars worse off due to lost sponsorship and ticket sales. they have been saying, such an outcome is unsustainable and impacts the

he returned home to help with the recovery, went back to mal asia for the fair. he believes getting tourism is vital to support reconstruction. what most wanted to speak about was radiation. >> sendai is very near to fukushima. >> reporter: in a bid to dispel concerns, he spent more time explaining progress in rebuilding than on making a speech for tourist destinations. but then clients look on with admiration as they watch video of rebuilding. >> this can help usury cover faster. thank you very much. [ applause ] >> very touching, and really give us inspirations to tell people that sendai is ready and ready to welcome international tourists. >> reporter: several companies express interest in bringing tourists to sendai. by openly talking about reconstruction, he wants to encourage tourists to return. >> that wraps up our bell continue in bangkok. >>> now let's look at the market figures. >>> now let's look at the latest with sumo. >> we know crowd numbers are down, but they need to show quality to bring the fans back to the arena. we have a mixed bag of what's n

it opened its largest store in southeast asia on friday. the bangkok store is the company's first in thailand. it became crowded with more than 2,000 people soon after an opening ceremony. fast retailing plans to open three more stores in bangkok by early next year. stores in indonesia and vietnam are also planned. the store plans to run stores in 12 countries. >>> and here are the latest market figures. >>> time to check on some of the stories we've gather from oaastersrod ia. we beg t wh this item sentymcot thailand. e sessed thahe geren would do its best to ensure reconciliation and unity in thai society. she added that her government would promo the asean economic community and international cooperation for world peace and prosperity. the prime minister added that she's looking forward to attending the asean summit in indonesia in november when u.s. president barack obama will join the leaders in the ten-nation grouping. > the sh relangenovnmt onhuda special tour to promote reconciliation between the countries. a 25-year long insurgency

all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray a feminine aspect and then masculine aspect with the bow and arrow. the male has to portray feminine and the female has to portray masculine. there is a very fierce dance and a soft sort of dance and every dancer has to learn all those aspects. it's very, you know, my teacher i call him a guru in this art form you have to study very, very hard. you have to learn about all the cultural aspects. he says it's liberating because he enjoys and has to learn to bring up the feminine aspect. he's a strong character it's a challenge for him and he likes it. the stories are metaphor cal. i don't look at this that this is a man or woman. there are qualities we all have that some of us are in touch with and are not. in our culture we think people shou

and european economies are factoring growth prospects in asia. on wednesday, the asian development bank lowered its 2011 growth forecast for 45 asian countries and regions, from the 7.8% predicted in april, to 7.5%. this includes japan, australia and new zealand. china's projected economic growth for this year was downgraded from 9.6%, to 9.3%. largely due to lower demand from its european trading partners. in india, there is major concern over inflationary pressure caused by soaring food and fuel prices and rising wages. the bank lowered its estimate for india's growth this year, from 8.2%, to 7.9%. noting that, exports have been powering the growth of emerling asian economies. the adb set an economic slowdown in industrialized nations has put the brakes on this trend. and that's our report from hong kong. back to you in tokyo, shery. >> julian, thanks. suzuki motors says it wants out of its nearly two-year partnership with volkswagen. the japanese firm announced last week that it would seek to end the union, asking volkswagen to unload its suzu

all southeast asia and asia there are a lot of similarities. >> he is a male entity. he is not -- are you referring to the story? >> it's interesting you should say that. a unique indian concept is one of half male, half female. and that is -- unlike some dances the solo dancer portrays all of the parts in the story. you can portray a feminine aspect and then masculine aspect with the bow and arrow. the male has to portray feminine and the female has to portray masculine. there is a very fierce dance and a soft sort of dance and every dancer has to learn all those aspects. it's very, you know, my teacher i call him a guru in this art form you have to study very, very hard. you have to learn about all

>>> welcome to "asia 7 days." nine north korean defectors were found drifting in a small boat off the coast of japan on tuesday. they were attempting to reach south korea. >> reporter: the eight-meter long boat with korean lettering was spotted by a local fishermen tuesday morning. three men, three women and three children were on board, all in good health. rice and pickles were found in the boat but no water. one of the men reportedly described himself as a soldier in the north korean military. he said the other people were his relatives. the castaways told the japan coast guard that they had left the north korean port of chongjin for south korea on september 8th but it is believed the strong currents drew them off course. an expert described why they may have chosen to defect now. >> reporter: on wednesday, nine defectors were transferred to an immigration facility in knack sake prefecture for questioning. the self-described leader of the group told officials that he was a fisherman and had raised money for the

let's head to eastern asia and to our tropical storm. now this is roke, you can see the circulation there in the clouds. but actually it's not a very tight storm. it's quite disorganized at the moment. and as we can see from its past path, it has been very indecisive as well. just squiggling about here. now it's moving slowly in a westerly direction, but it's almost going to stop and hover over the japanese islands for the next couple of days. so at the moment it's coming close to the islands. and after that into tomorrow it will be imami islands, as well as okinawa. we'll be seeing some heavy rain here. because it's not moving quickly, the rain falls in the same place. so flooding, as well as mudslides will be a big concern. it's not just down here. actually the outer swells are going to be reaching parts of southern kyushu, and even as far up as the key peninsula. these areas were all affected by the hurricane typhoon tala that moved through a couple of weeks ago. so rereally don't want any additional rain here. but it does look like t

kwon says that, with the exception of hong kong and singapore, korea is asia's most open economy and it boasts a strong current account surplus and abundant international reserves. the economist stresses that korea's future is bright... as the won's weakness against the japanese yen would boost the price competitiveness of korean goods against japanese products. kwon forecasts that korea would bounce back quickly, even if there was a global double-dip recession, because the weaker korean currency coupled with lower oil prices would enable the country to stage a v-shaped recovery next year. kim yeon-ji, arirang the federal reserve has announced a new bond buying plan dubbed "operation twist." the much anticipated stimulus plan has been met with skepticism though. some analysts say it may not have much impact. oh jee-hyun reports. the federal reserve is once again trying to boost the us economy,... this time with "operation twist." the policy, which starts next month and runs through june 2012, involves lowering yields on long-term bonds and keeping short-term rates stable. the fed wil

here's a quick look at what's ahead for you in the program today are bringing security to central asia he heads it gets together to find a remedy to stream is the drug trafficking in afghanistan and pakistan. turkey has expelled the israeli ambassador and sever all military ties with the country avery's refusal to apologize for last may's garza to the raid was canceled the hughleys of a u.n. investigation into the deadly attack which was obtained by the new york times all the report found that israel used excessive force during the raid that it's got hold of girls or is legal let's get more now from our correspondent paul it's clear color this long his relations was deafening not what the u.n. investigation was trying to achieve was as. well it certainly wasn't what we are hearing now from turkey is that it is expelling the israeli ambassador from ankara with immediate effect now listen follows is always refusal to apologize for killing nine total citizens who were part of their first attempt to break the israeli blockade on gaza we are hearing on the turkish foreign minister there in

if successful, the "look asia" project will open up more opportunities for korean companies seeking to enter the latin american market, while colombia will enjoy a more prosperous oil industry. korean "the ministry said that a working group with representatives from the public and private sectors will be formed by next month,... who will draw up more detailed plans... and launch a joint feasibility study with colombia before the end of this year. hwang sung-hee, arirang news." korea posted a trade surplus for the 19th straight month in august. the trade surplus was smaller than the previous month, however, as imports grew faster than exports. kim na-ri has the details. korea recorded a trade surplus for the 19th straight month in august. the korea customs service announced thursday that the country's trade surplus came to about 500 million us dollars in last month. the number, however, has declined from the previous month... as imports grew faster than exports in august. according to the data... the total amount of the nation's exports recorded 45-point-9 billion dollars... which is do

-japan relationship is important for the asia-pacific region. they will have their first summit talks in late september on the side lines of a general assembly meeting in new york. noda will launch his cabinet friday afternoon. the new prime minister's close aid will become cleef cabinet secretary. the top government spokesperson. former education minister and the ruling democratic parties former affairs committee chief will join the cabinet. national policy member will be given a new cabinet post. reconstruction minister and nuclear crisis minister will retain their positions. former party secretary-general who supported noda in the democrat's recent's location will not assume a cap net post. it'll officially be launched after a ceremony with the emperor at the palace. they will then speak about policyes a the a news conference. we will keep you up-to-date on that. that concludes this edition of "newsline." thanks for joining us.

it hopes to boost liquefied natural gas exports to japan and other parts of the asia-pacific region. a ceremony was held to mark the completion of the pipeline. the 1,800 kilometer system runs to the region's largest port city. [ speaking in a foreign language ] >> translator: we will continue building infrastructure in the far east. natural energy will bring farther regional development. >> japan and russia have agreed to build a plant to export gas to japan. russia has also agreed with north korea that the two countries will cooperate to extend the pipeline to south korea through the north. the country intends to develop new gas fields in eastern siberia to increase production and export of liquefied natural gas. mean while, reaction was favorable to the plan. during a kbs-tv debate on thursday, referred to the agreement indicating south korea's readiness to assist in the pipeline project. [ speaking in a foreign language ] >> translator: if it is stopped halfway, then both north korea and russia will incur losses. >> a representative of south korea's grand national party says russ

for east asia or southeast asia, we're watching several tropical storm systems. and one is nesat making landfall in the next couple hours likely. although it's already bringing the very strong winds to much of this northern half of the philippines today. it's just going to stay stormy as this works its way across the island here before heading back out into the south china sea. right now wind speeds about 140 kilometers per hour. much stronger gusts. now, once it makes landfall, those winds should weaken slightly. still it's expected to maintain intensity throughout today. you do want to brace for potentially damaging winds. out in the south china sea, we have a separate one. hitang moving at about 20 kilometers per hour. and once it hits it is going to weaken as well. but it will maintain the moisture through vietnam and ending up towards thailand over the next few days. so really this area is experiencing quite a bit of wet weather today. now, the philippines northern end will experience the heaviest falls but also across the indochina peninsula, be on the watc

i'll get to that otherwise the markets in asia falling this session by the close. investors disappointed on apparent failure to draw a line under greece's debt disaster and talk about that later in the show. the euro has fallen against other major currencies. the tokyo stock exchange was closed because of a public holiday. we always get direction from there. the other indices finished. people aren't likes that. there are people paying close attention to what happened in terms of that risk failure and people looking at home prices in china and those for august and what it meant for the market. there are big fears again that are resurfacing about inflation in china and so much confusion about what's happening in the u.s. economy. figures out friday. as that goes on we see the volatility particularly in u.s. stocks. well, speaking of that, they did close higher on friday for the fifth day in a row. the nasdaq finishing up despite disappointing appointment for blackberrymak blackberrymaker research in motion. there they are, you could see moderate gains by the close of

in iraq afghanistan libya guy and pointed out and now syria so what's the truth behind the action asia times correspondent pepe escobar isn't found hala brazil and joins me now to talk about this pepper in a report i talked about washington throwing its support behind it revolution makers what do you make of this statement. well it's the. very young twenty first century of course if you are. shiite majority country and you have a military base you need a country but obviously no intervention if you have a dictator that it's been relatively friendly with the west but not. independence and he has loads of oil and he sits in the strategic northern africa name the country libya then you get nato intervention if you have a country in the middle east that israel you know has a russian military base in it if they really name the country syria you're next so this is this is how it works you could pencil did agree of independence of the dictator if you're one of our bastards but if you buster that we can rely on that was not the case with khadafi. and if everything is geared towards the pentago

much of today's investment is coming from within asia. chinese companies are building much needed infrastructure for the country, but in some of these projects, critics complain not enough is being done to protect local land owners and the environment. the investment landscape in cambodia is changing rapidly. attracting people who can stomach high risk in pursuit of high returns. pauline chiou, cambodia. >>> our special week-long business series on cambodia continues tomorrow with a look at the country's up and coming luxury tourism industry. tune in to "world business today" for that. >>> meanwhile, china's new rich are taking their money on the road. not cambodia in this case. coming up, we'll look at how wealthy chinese travelers are energizing the world's h hospitality industry. with b vitamins, the first and only one to help support a healthy metabolism. three smart new ways to sweeten. same great taste. new splenda® essentials™. while i took refuge from the pollen that made me sneeze. but with 24-hour zyrtec®, i get prescription str

the ones behind me are the asia pacific stock markets. what we did have is heavy losses for the football shares. some of the big day's losers as moody's downgraded a raft of u.s. banks, some of the biggest across the country, names like bank of america, citigroup, wells fargo. bank of america stock, if we start with that one, those shares falling by 7.5% on the day. citigroup on the other hand losing 5% and wells fargo ending the day about 4% lower. it looks as though u.s. markets are likely to extend wednesday's slide. this is where the u.s. futures stand. if we take a look at that, also in the red, the picture in europe the losses not quite as pronounced. we had the likes of the s&p 500 down by about .7%. i was showing you about 2% when they ended. seems we're bound to extend that. a number of hours to go before trading gets under way. we could see the losses being even more pronounced for united states when we get the opening bell on wall street given the stock market action in europe, manisha. >> bearing this in mind, we need to tell

probably the best performing market in asia. in the past few days, the dow has fallen a whopping 675 points. it is the biggest margin since the height of the financial fallout back in 2008. joining us now is fox business' lauren simeneti, what is behind the steep nose dive in the market? >> good morning. here we are again three years later talking about much of the same issues. i guess the answer to your question is what didn't cause that huge nose dive yesterday in the markets? i guess you can call with contraction in the manufacturing sector in china, the world's second largest economy. that got many investors nervous idea and there was an encore basically to that report showing that the 17 nations that make up the euro zone, the area that's in such a debt crisis right now had a contraction in their business activity as well. well, when it was time for the u.s. markets to open, they opened sharply to the down side and basically stayed there all day. at one point yesterday, the dow was down 527 points. so you can say we rallied

so here's a quick look at what's ahead for you in the program bringing security to central asia show there were no heads together to find a remedy to take streamers there and drug trafficking in afghanistan. the u.n. investigation has declared that israel used excessive force against raid on the girls about it in the last year however the reported change by the new york times found that israel's blockade of gaza is legal so he has expelled the israeli ambassador refusal to apologize for the grade which killed. this. story. the most significant findings of this u.n. report deal with a great israeli commando units handled the raid on board the mother that was the largest missile that took part in that first photo and it was the this sort which in one turkish citizens were killed to quote the report it said that the israelis had behaved in an excessive and reasonable manner and that the loss of life was an acceptable now the report says it has forensic evidence that points to the fact that those who are being killed were shot and multiple times in the past and at close range and it coul

the commercial spot deal between australia animal asia. the agreement intended to stem the flow from various asian countries, but was struck down by australia court last month. now the government says it will take steps to try to revise the deal. >>> the prime minister told reporters monday that her administration would introduce legislation to parliament next week. it would amend the immigration law that the high court ruled last month made the swap deal. >> the government has determined that it will bring to the parliament amendments to the migration act that enable the government to make the decisions necessary to have asylum seekers transferred and processed in third countries. >> the government made the deal in july to send 800 asylum seekers to mal asia and to accept 4,000 refugees in return. australia has been an attractive destination for asylum seekers with more than 6500 of them arriving last year alone. the government intends to use the swap deal with mal asia to send a strong message to deter people from entering the country il

possible remedy for the region fraught with drugs sure and economic instability but russia central asia is of course traditional sphere of interests and it has always been very sensitive to stability which the worst in the region islamic radicalism and drug trafficking stemming from again it's done in pakistan in particular are the main security threats that russia's seldom proved and the essence of what nature of that is said today at the summit could be what it differently as seen courseware that is to prosper economically to survive the region should rely on its own investment on its own military forces on its own human resources it's good that foreign alliances military troops are leaving afghanistan but new troops of poll should be trained that russia is there ready to help foreign investment investment from overseas is good too but here is russia just across the border with hundreds of millions of dollars that is exactly how much moscow's ready to allocate behind these goals of its neighbors in other words russia is coming up with a solution which is very often overlooked when we'

dip global recession intensify in the wake of thursday's huge markets plunge that spared no one from asia debt ridden europe asia and european markets and their worst week since two thousand and eight and seems the u.s. is heading in the same direction. also for much clashes between pro and anti-government forces in yemen intensified with the death toll from five days of violence now reaching one hundred that says the country's president returns to the emily capital three months after surviving an assassination attempt. co-stars of course have dated as well online if not me i web sites r.t. dot com up next the moscow out scene takes you to the ancient russian turn of the board it's time to get many for your own r.t. . hello good to see you again and welcome on this week's episode the must go out scene are in the back door of the largest and most beautiful towns of the leningrad region and russia once owned by sweden and then finland today it still poseurs the great medieval look of a northern european town so join me as we travel back in time and see what cultural attractions are on offer

that's what made asia a boom and that trade deficit was paid for on credit now that brings us back to our credit crisis now this economic paradigm credit expanded every year in the united states from one nine hundred forty seven until two thousand and nine and when it cracks started to correct then the crisis started so we're now at the end of this forty fifty year debt through all the economic paradigm and it looks like it's going to implode what do you think about that tom earlier you said fantasy go ahead and it will take asia down what we heard from a rumor a lot of what we heard just a lot of the rehashed dime store marxism and it doesn't stand up to the facts let's look at some actual facts on trade flows take the american economy does a much greater trade with canada next door that's the largest undefended border in the world and over six hundred billion dollars a year of trade goes back and forth across that border fact of the matter is that people in poor countries in africa for example suffer from a lack of trade not too much trade so this whole periphery couper. as they say

when while russia wants to join a number of energy projects in central asia president richard wright it says russia wants to invest hundreds of millions of dollars in a new electricity grid for a link power generating plants in kyrgyzstan for the jeep to stun afghanistan and pakistan russia also saves to join a new gas pipeline project which will run from central asia to pakistan and india the move it out of the side for greater involvement in the regions and interests. for russia has put on hold an oil pipeline project which would have gone from the front seat to the maturity and the some soon she on link would have bypassed the congested force for a sea route my phone company process now says the economics aren't working out as it would be three times more expensive than other routes trans now such as turkey should consider making project move viable. that's a look at the markets now all is dropping sharply this hour on speculation that slower job growth and the like hurtle fuel consumption in the walls largest economy plunges trading at one hundred eleven dollars per barrel while

and while russia wants to join a number of energy projects in central asia presents rich image that it says russia wants to invest hundreds of millions of dollars in a new electricity grid it will link power generating plants in kyrgyzstan to the cheapest on afghanistan and pakistan russia also aims to join a new gas pipeline project which will run from central asia to pakistan and india the move is spot of moscow's decided to greater involvement and there's regions energy supply. less of a look at the markets now oil drops trimming second we could feed on speculation that slower job growth in the u.s. may curtail fuel consumption in the world's largest economy brant plant is trading at one hundred thirteen dollars while the w t i use it eighty eight dollars a barrel. and shows drop sharply across europe ahead of the key us jobs data banks were among the worst performers here drawing down four percent for the report that the u.s. will see you several times correspondents also down on the dax outside of the financial sector then across the worst performance in london. and in russia stoc

so we put central asia with south asia in both the state department and for the pentagon was the head of this and putting in centcom long before the state department and nsc came to that conclusion. it includes ukraine and moldova but also russian and other states of western and eastern europe and we have the caucasus region that we really need to envision as including the north, the south caucasian states, and i would argue the neighboring region particularly turkey, iran and iraq. moving forward, we need to think about u.s.-russian relations, not in terms of what we've always called the former soviet space, but in terms of these new geopolitical configurations. the second point is that i think it's quite clear that aggressive competition between the united states and russia, of russia's periphery in ukraine, in georgia and in central asia plays in the entire u.s.-russian relationship certainly during the bush administration. less so now because the efforts made by the obama added registration to care for some of that complication. now, the differences in the problems did not arise f

, or rather southeast asia. we're watching several tropical storm systems. this is a strong typhoon, preparing to make landfall in the northern philippines. in the next couple hours likely. it is already bringing strong winds to much of the northern half of the philippines today. it will stay stormy as it works across the island here before heading back to the south china sea. right now, wind speeds about 140 kilometers an hour. once it makes landfall, the winds should weaken slightly. still, it is expected to remain quite a bit of intensity through the day. brace for potentially very damaging winds. in the south china sea, we already have a separate one, tropical storm haitang. wind speeds about 65 kilometers an hour. it is just about to make landfall, here in the central vietnam. once it does, it is expected to rapidly weaken as well, but it will maintain that moisture likely as it crosses over through vietnam and towards laos and thailand. so the area is experiencing wet weather. the philippines will have the

it's a pacific rim book prize in which books come from asia and all over the pacific rim. in the last 11 years it's been a prize we read so many books that have come from voices of new writers. i'm always amazed and they are writing different storers i wrote when i started. all the people have come through now. if you look at the list of indian and japanese authors and chinese authors it's now we are very much diverse. i think for a long time we weren't. i thank you for that question. if i keep going i will never get another question. [laughter]. >> thank you for samurai's garden. i read it had it first came out and it's wonderful to be rereminded. >> thank you. and thank you for coming. you know jump off, i was samurai's garden, i said it was an energizer bunny. danville shoes samurai's garden the end of last year. they had the danville theatre which is a nice theatre and they were doing roamioand juliette and there was me in the middle of a balcony. it was a nice audience when i walked in my brain was exat that timic, look at the people here. it's almost as good as last

and also in asia china is in a huge bubble and investors like jim chanos of cynical investors of can it wasn't lessers and short china a lot of other people are you're not hearing people be worried about a chinese banking crisis you hear concerns about a european banking crisis and what impact that could be on the u.s. right because the chinese banking sector is part in part it's part and connected with the chinese government so better no it isn't the u.s. is baking right at the moment of the exactly the more you you combine the two the more you hide mal investment and you hide under performing or non-performing assets so the chinese bank sector is having a lot of bad loans who knows how much this is a point i made before in the late in hundreds in the united states you had a huge industrial boom if you had that in in in china if you had that kind of boom which you had right i'm sorry in the u.s. if you had that boom with a huge expansion of credit i think had in china right. and an export led growth like you had in china on that level you have railroad tracks crisscrossing every sin

of the you leave interest in my eyes but you well then they can go anywhere they can go to central asia afghanistan they can go to northern africa in libya they might go to the mediterranean for the live guns in syria and then john mccain and a neo cons in the us or say look one day we don't intervene in china's well this is not exactly wishful thinking this is what's behind what we learned a few hours ago that the mid-south shield is going to be deployed in poland soon in romania and perhaps soon enough in just three years in parity as well which is a very close ally to russia so nature was in circling the planet with their militias and that was asia times correspondent pathway escobar. and as i mentioned earlier in the newscast there are some major new developments in libya where for the first time since the nato led mission there began western leaders are on the ground british prime minister gave david cameron and french president nicolas sarkozy are there in a show of support are they pledged to keep up the nato bombing in tel the last of the gadhafi loyalists have surrendered now b

but asia -- even though asia is doing reasonably well, but asia alone cannot take the world forward. it needs the others to become healthy again and there's a reason to be worried. united states' one challenge which i think is a question of political resolve. europe has a bigger challenge but i would hope we find some way through this. >> well, i totally agree that we live in a globalized world and it's impossible for any region to think they can decouple because the partnership becomes more important rather than less. i'd love to hear your views about your prospects for the g20 that is scheduled in november. now, the g20 -- this will be its sixth meeting and it has had a number of pronouncement business fixing the global economy, rebalancing the imbalances, no more protection, finishing the doha round, and i worry that if they convene on france and continue to make statements without action, that it will become an irrelevant institution that we sorely need in the international arena. and talking about the u.s.-china partnership, what's right. do you envision that we could as a partn

and it is voeconveniently locat between india and southeast asia. manufacturers look at bangladesh as a cheaper alternative to china, where labor costs are rising. during their meeting on tuesday, india agreed to scrap tariffs on textiles from bangladesh, one of its key exports. the visit is aimed at weakening china's influence over bangladesh while strengthening ties with one of the region's emerging manufacturing hubs. >>> and india's government has suffered a major embarrassment with the arrest on tuesday of a senior lawmaker on suspicion of bribery. his arrest comes at a sensitive time following a string of corruption scandals. amare singh is a leading figure in one of the ruling parties. he was taken into custody for allegedly handing cash to two lawmakers from an opposition party to buy their votes in a crucial confidence vote three years ago. the two suspected recipients were also arrested. the scandal is particularly shocking for indians because it involves vote buying in parliament. the government is expected to face caulls for a thorough i

and european markets and this sentiment is currently helping asia today.tralia, singapore, japan, taiwan all moving higher. but there are concerns whether the turmoil will eventually be resolved. but for now, it is helping vero keep its gains against the greenback and the yen in trading. the euro yen at 405.34. -- 105.34. that is the latest in the asian markets. for details on how the eurozone crisis is affecting india, i am joined by a professor of economics at a university in delhi. how was the economic crisis in the eurozone ended the u.s. being viewed in india? -- and in the u.s. being viewed in india? >> right now, it is not affecting much currently. but it will. if we really need a much more systematic attempt to resolve the fundamental problem of imbalances. so far, political efforts do not seem to accomplish much and that is a big problem. >> is the view in india that bureau leaders are handling their ongoing -- european leaders are handling their ongoing debt crisis properly, especially where it concerns austerity measures? >> it is my view that i

we're honored to was the asia- pacific economic cooperative cooperation here in our great city.t to welcome you to san francisco, which was recently named the greenness city in north america. this gathering is the perfect opportunity to renew our push for the future that is independent from foreign oil, and to take the steps necessary for a more secure, sustainable, and prosperous future. we're doing our part here in san francisco. san francisco is proud to be a transit-first city. we favor using public transportation or walking or riding bikes to get around town. our transit-first policy promotes public health, build community, and because of 100% of our public transportation system is powered by either carbon-neutral electricity or by a diesel, is significantly reducing our greenhouse gas emissions. we're also building the infrastructure necessary to put in place state of the air public transportation such as high- speed rail and electrified caltrain system, expanding or subway network and bus rapid transit. high-speed rail, as many of you know, needs to be a part of our trans

first to eastern asia. we were talking about roke, this one might cause quite a problem as we head through the weekend. but there is yet another storm to think about this. this one is songka. as it comes closer to the eastern edge of japan, if we still have roke sitting there vicinity, then the two storms combined could mean a continued amount of heavy rain coming down across parts of western and up into eastern japan. so we'll be watching for that as we head into the beginning of next week. heavy rains also moving through parts of the sea of japan side of the country and up into the north, northern tohoku could see about 120 millimeters of rain, this is coming off of a front being exacerbated by our tropical storm down here further towards the south. and then another area of heavy rain will be found in central china. this is going to get a little bit worse before it gets better. but by the end of the weekend it should start to settle down a bit. out towards the north is where we'll find the fairer weather,