i do want to speak of the larger issue of war in asia and why we should even be worried about asia's. today i think we will ultimately get there -- about asia. i today -- today i think we will ultimately get there. this is not just about the siberian intervention. this is the usual map of the world war. it is often depicted as this for obvious reasons, and this makes sense. this was the main area of activity, but this was not the european war, this was a world war. and you can see it much better with this kind of map. this map is quite astonishing. basically you notice that in this map, every country is involved in the war in some way. it is only a few sort of areas in latin america that remain blank. other than that it is really super global, and you can talk about any one of these, but we will be only focusing on the east asia part. i think for us americans it is not too difficult to think of this as a global war the cousin we are not there in europe and we know that we played an important part. it is a global war. but from my perspective as an asianist it is not just the americans

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

it's a serious effort to begin to take over asia to articulate a greater east asia. borrow from shawn and say hold on, they get there eventually. a whole different story in the 1920s. be happy to talk about it later. won't be talking about it now. for me the most important legacy of the war is how this takes, this is the rise of japan in the east of the second world war. it's how this teaches us the slow steady movement of the center of the sort of political and economic activity core away from europe, away from the u.s. and somewhere very different. they have the current events in the conference in beijing. a vision of everyone dressing up in sort of chinese shirts gives you an indication of what for me the sort of rise of japan in the first world war leads to. more importantly, it is the beginning of the substantial change or shift of global center of gravity from europe to the asia pacific. thank you very much. >> could you touch on why japan was mentioned in the zimmerman telegram. >> i suppose it's something to do with the german ambition and hope. and perhaps t

point in the emerging key area of southeast asia in our asia rebalance efforts.asia is a critical gateway between the indian and pacific oceans through the remains of air, sea, space and cyber, where intelligence and recog nance. the republic of korea represents a critical pillar in our commitment. while in korea, i spoke on the 64th anniversary of the attack -- with the republic of korea. that has blossomed into a significant partnership that ensures a strong defense alliance that is enabled with the most advanced technology, military systems and equipment and support of our combined military commands and future transfer. a key factor in the asia regional strategy is our collective defense and national security calculus that ensures transfers and associated edd exports are consistent with nonproliferation and are done so with the confidence ouyrf technology sharing imports with strong security and export control regimes. these are the foundational strengths of our enduring alliances and partnerships. with that in mind what i'd like to do is share with you today

is air asia flew without a permit, the onus is on air asia as well as the regulator. >> the boston marathonbing trial starts today with the selection of the journey. tsarnev is accused of placing the explosives. the defense team tried to have the trial moved from boston arguing he would not receive a fair hearing. the good face the death penalty. -- he could face the death penalty. strong action is threatened against the palestinian authority. ellis dime says they will bring war crimes charges against israel -- palestine says they will bring war crime charges against israel. israel has frozen revenue. management netanyahu has said that -- benjamin netanyahu is said that palestine has chosen confrontation and that israel will not stand by. kim jong-un has called for rivals to reunify and create a prosperous nation. and committee member says that their work is being hindered in the south and from abroad and that the cloud of nuclear war hangs over the country's. the president of iran as it did at better -- has hinted at better ties. they say that they will not give up revolutionary principles

assess ifon analyst air asia flew on the day without then it is on air asia as well as the regulators. >> we will see what they will reveal. leader we are going to speak with a former pilot and air traffic controller about the year asia crash. that is at 7:40 at hong kong and singapore, 10: 40th you're watching in sydney. -- 10:40 if you are watching in sydney. we are going to take a look at opportunities in 2015 right after the break. you are watching "first up." ♪ >> welcome back. let's do a quick check of the currencies in play in this region. there you go. we got the yen slightly strengthening but holding at the 45 -- at the 120.45 level. we have weakness in australia and new zealand. coming out of december lower than it was in november, coming in at the 1.1. that hero sliding to that one all low against the dollar, on speculation that draghi and policy makers are going to do some stimulus in 2015, maybe sooner than later. economice a look at prospects in asia and bring in glenn mcguire, chief asia-pacific economist joining us from singapore. happy new year to you. do we have anyt

the philippines is asia's only catholic nation.lso on thursday, xiaomi expected to lift the covers on its new flagship product. mystery surrounds the release with the company refusing to say what this product actually does. is it another new smart phone or an electronic device? all will be revealed. on friday hyundai's long simmering pay dispute goes to court. unions have carried out partial strikes and threatened more action. let's have a look at what 2015 does hold. let's look at the market with jason. he joins us now from singapore. thank you for coming on the program. what do you think is going to be driving things? despite the recent rally, chinese equities still have attractive valuations. >> if you look at the chinese equities -- [indiscernible] i think chinese equities are not trading at excessive valuations. if you look at the hsci you do not have excessive valuations. of course, there is continued monetary easing and loosening of policies in china. that will help the market. potential you could have -- [indiscernible] tha

it is asia's third-largest economy.r address, president park made a point to say reforms need to be taken within the government, within the structural side of the economy. policy framework will focus on the public sector labor, finance, industry, and education. she said there need to the new drivers of growth. we are seeing the won move today. >> thank you very much indeed zeb eckert. >> search and rescue teams have found the black box flight recorder from the crashed air asia plane and brought it to the surface. now, the hunt is on for the voice recorder which should reveal what was happening in the cockpit as the plane went down. live now to jakarta. we have been looking for answers for weeks now. we are finally a step closer. >> yes, we are. search and rescue agency has confirmed to have found the black box. it was around five kilometers from where they found the tale of the plane. the search is now focusing on operations to locate the cockpit voice recorder. the black box is located on the crashed part of the aircra

of slower than expected growth in asia. half of japan's exports go to asia.ks off its first parliamentary session after the december general election. the economy is going to be a centerpiece in those discussions. >> sherry ann, thank you. let's continue this conversation. okubo.ring back tukuji with karotaws spoke dm tebow's on friday -- in avos on friday. could there be a skew indirection? he has hinted there could be a change in strategy. are soink interest rates low, with 10% interest rates below 0.2%. i do not think there is much bank of japan can do. but at the longer end, 20 year, 30 year, they are still offering some yield. more than that, bank of japan could come up with something more creative. he also mentioned buying local government bonds. i think that is a possibility. there is a boom for venture capital. boj could find a way to provide funding for venture capital. bonds, i do not think bank of japan will buy individual junk-bond. but bank of japan could start investing in purchase. there are other measures they could do. >> the latest trade dat

dispersing forces, not just in northwest asia, but in south asia. much of the cost of this realignment is being borne by her friends and allies. the u. s. have to pay for the new facilities as well, particularly in guam. we think it is time to move forward to demonstrate our intent. finally, this is the hardest one on defense __ we're coming down to crunch time over the next two years. at the current rate of defense cuts, we will start facing choices. do we invest in new capabilities to counter missile threats, cyber threats, especially in the western pacific? or, do we sustain our traditional platforms like aircraft carriers __ to demonstrate american commitment and presents? the answer is, we do both. but, we will have to choose. sequestration is a large part of the problem. one way out of sequestration would be for congress to pass a nonbinding budget resolution that sets budget spending above sequestration. it would lay the groundwork for increased defense spending, and the reconciliation process. this could be defined based on revenue, or the d

the tail of air asia has been found.t's according to the search and rescue division there in indonesia. what you're seeing now on your screens are the very first images that we're getting that show us what exactly they dis discover discovered. as far as we know, the chief of the emergency search and rescue group that is announcing this they're saying the letters that they can see based on these images. you can see the letter a there in the distance. you can see km. we're also told the world air can be seep. this is consistent with images that appear on the tail section of air asia planes. all of this breaking very recently. let's go ahead and bring in our anna kourin who has been tracking every twist and turn in this story. anna this news only just breaking in this past hour. just bring us up to speed on what we know exactly. >> yeah huge break through in the search for asia flight 8501. as you said the head of the search and rescue agency here in indonesia announced they have located the tail of that plane. we believe t

the administration does have an asia strategy that it is somewhat proud of, the rebalance of asia.s that on the right track question mike how would you tweak the strategy? >> ie nor the bumper stickers and just say that we need a long-term, integrated approach for engaging asia-pacific. staying strong militarily. so we need to invest in our to it we need to make sure we have a stronger daily presence throughout the region. that means following through on the allies like the philippines and new opportunities like india and indonesia and malaysia. we need to make sure that the united states h vision for engaging china and trying to integrate a rising china. but engaging china does not mean forgiving bad behavior. cost and position against thatt behavior is something g we need to inject into our policy. >> speaking of that, there were recent, last year, agreements bebetween beijing and washington. two were seen as significant. do you think there were significant or do you think they were optical windowdressing? >> the two memoranda of understanding are a framework for talking. they ar

this is happening in the monsoon season in asia.d in june over the south atlantic it was not the same weather conditions but what was the same was the nature of these very high thunder heads that form very rapidly form in the case of the air france 447 they were forming at night. in the case of the air asia flight they formed in the morning. had much of the same effect. the danger lurking within these storms, pilots are very alert to are these extreme down and up currents so they can fly through each of those conditions successively and that cause very violent turbulence. as i said i think the difference here is that there's a lot of rain involved in this scenario which there wasn't in the south atlantic at the time. >> okay. we do know that air france flight though had some problems with icing and, in fact the air speed sensing probes became very clogged. pilots lost their speed readings. could that have happened here or was the a320 designed differently than the a-330. >> the speed reading instruments called pitot tubes are differ

euro and asia and the greek story.case scenario in greece doesn't have a new party to end austerity. [indiscernible] the government trying to repay. at least take some pain. and the default is the worst-case in the area. let's talk about the uncertainty to the markets from volatility is quite high. off by 0.1%. a good start of this morning encouraging volatility. the crucial one is the euro. as you can see from this chart a two-month chart and the lowest toward an 11 year low. the today chart, and there we can see shares pick up there. just to remind you that in the 11 year low is 1113. if you are a traitor, you are looking at the key support level. -- trader, you are looking at it a key support level. and bond yields and the market and from this, there you go. we see that 10 year french bond yield in the last few days falling. the german 10 year, quite an extraordinary development there. bond markets. back to the markets looking at this and looking forward to the markets opening. philippines and also reaction changing

asia shipping -- shaping up well. we do have inflation data out of australia, a clear drop from november. the reason why you are seeing yields, very low. japan has factory output an initial gauges aluminum stockpiles reaching a record. you look at the inventory. up nine or 10% -- 9% or 10% year-by-year. three stocks i want to mention, sharp. they lost stock price, taking us back to 2012. full year, not good, they are expected to miss the forecast. both of these stocks were raised. bmv saying about komatsu a good time before their third-quarter results. which is the 28th of january. i want to wrap up what is happening in australia, you have a rally of 1.2%. macquarie with earnings up for financials as a whole. the week aussie dollar helping things -- weak aussie helping things. 10 or 20 -- 10% or 20% improvement in profit. goal having its biggest one-week gain in months. you have the stocks leading the gains on expectations of a more supported regulatory environment in south africa where the government wants lawmakers

this is china and southeast asia. that the demand for skills skills iran air crew skills in air traffic controllers, skills in maintenance is outstripping supply. that's only natural. southeast asia has got more planes on order than the united states north america and europe combined which shows you just how fast this business is outstripping the ability to superimportant it. that's my concern about the safety regime really. >> right. to be able to make sure these pilots have enough experience and training. >> yes. the whole food chain of supplying pilots. they used to be supplied by air forces which they get a great deal of confidence. far fewer military pilots now. nothing like it. all these pilots have to begin by flying in the most rudimentary way. you can't hire somebody and put them in charge of a jetliner. >> clive irving thank you. >>> up next gathering the clues and then putting the pieces back together. we'll take you to a crash lab to show you some potential clues there. >>> plus the mayor of surabaya makes

over 5% and the middle east and central asia around 3.5% increase in those passengers. i will quickly get this in. dubai airport is reported to be very close to taking that top spot off heathrow but dubai has yet to report or release their 2014 numbers. as soon as they do we'll find out if they take that crown. lots going on, you can follow me on twitter. i'll tweet you right back. that's more with the business. more on gmc, brent crude oil price continues to drop to just over $48 a barrel now. how low can it go? i don't know but it's still doing it. >> aaron, thanks very much, indeed. >>> let's get some more for you now on -- in fact sorry, before we do more on anything i'll tell you what's coming up in a moment here on bbc world news because it's been a bit of a slow burn putting this film together, but after 12 years in the making "boyhood" is the big winner at the golden globe awards. we'll bring you details of the other winners as well. ♪ if you want it ♪ ♪ go out and get it ♪ you want an advanced degree, but sometimes work can get in the way. now capella universit

shang seeking the title of asia's richest person.s planning a major reshuffle of the two groups supposed to be incorporating in the cayman islands. is refusing rumors it may release its publishing business. hacked e-mails discussed plans to divest the unit. the unit control songs from artists like the beatles, perceiving stain, lady gaga, and taylor swift. this chosen not to go to detroit this year. industry observers say it is suggested he is keeping a low profile. that's the top company news this monday morning. i'm john dawson. theolvo is poised to become first major automaker to exploit chinese-made cars to the united states, and we have the background to this groundbreaking plan. chinese automakers and automakers in general have had checkered past in china. >> that's a good way of putting it. they have had no success, actually. it has been tried before. the parent -- new parent since 2010 of all bow said they would export to the united states in 2010. u.s. cars. that never materialized. they were going to build in mexico and shi

achieved remarkable economic growth since its foundation 50 year ago to become an economic hub in asiahe wanted his film to show people's struggles amid the booming economy. >> it's not about just quick, you know economic benefits. for me it's about -- it's about an honest portrait of how people live and work and grow up through that time. >> what is the reality of life in syrup? what is the message from a young director who grew up in the midst of the country's economic growth? ♪ ♪ happy birthday to you. >> "ilo ilo" is set in singapore in 1997 a time when the country enjoyed remarkable growth. one of the main characters is a spoiled 10-year-old boy who proves a headache for his teachers at school. >> you can call me teri ma'am. >> both of his parents are working to earn more money. they decide to hire a filipno made to look after their son. i i. >> ready to go? >> you stay here. >> he gives her a hard time such as trying to frame her for shoplifting. >> excuse me ma'am. can you stop please? >> mom! >> why you do that to me? huh? why you do that to me? i don't care if you like me or n

stay tuned as "asia age -- asia edge" comes on. a private wealth advisory. ♪ >> hello everybody.rallied as 2015 gets underway. new year's resolution, aiming to cell phones that -- sell phones. why macau is a difficult call. >> i am angie lau. currency check. we will figure look at the growing release -- take a look at the growing worries about deflation in europe. the worries continue in the south java sea over air asia. the road ahead for electric cars as beijing extends subsidies. all of this and more in the first "asia live" of the year. >> item david inglis, keeping an eye on the markets. we kick things off with the first full trading week of 2015. light across most markets, investors trickling in from the holidays. what we do have for today is negative on china and japan. china, manufacturing at

here in the asia-pacific. asia-pacific forum, they want, the speeches in our from now best is in an hour from now -- is in an hour from now. >> we meet the father of snowboarding who says that china is in bold position. pole position. stay with us. ♪ race to host the winter olympics is down to two letters, beijing. the founder and chairman of burton snowboards is in beijing's camp. they say that china is supposed to become a winter sport powerhouse. better here because we have world-class athlete. s. girls are making the final of the half pipe and there are incredible role models. that and doeshave not have as many people. >> how important when a 2022 winter olympics in beijing be as opposed to kazakhstan? >> it would be great. it would be a huge opportunity, it is very important to people. >> for your business, this would be more beneficial. >> sure. but i have no control over it. >> that is another problem, this is a bone dry basin in beijing. there is very little snow, very little moisture. is that a concer

now in the asia pacific region markets were pretty upbeat. the nikkei had its best close since december 29th finishing at 17,511. that snapped a three-week ling streak. sydney closed up 1.5% hitting a two-month high. the ecb stimulus has fuelled speculation for a rate cut in australia. shanghai erased all of its losses from monday's plunge and closed up a quarter percent. currencies now, the euro is extending losses against the dollar. right now we have the pair at 1.1232. the single currency has plunged to its lowest level in 11 years and four months. analysts say the currency traders are selling because the ecb's 60 billion euro program of asset purchases was larger than consensus. the common currency is also losing ground against the yen, briefly hitting a one-year low. we've got the pair right now at roughly 132.86. investors really keeping a close eye now on the outcome of the greek elections on sunday. >>> okay. that's going to wrap it up for biz tonight. let's get a check of the markets. >>> snow in the mountains of south asia has inte

>> banned it for air asia. >> yes. >> yes.ut it doesn't mean that route is not available for other aircraft. >> no. but for air asia. >> i guess they discovered this discrepancy and this discrepancy probably was occurring for a little while the way it sounds. they weren't flying on the days that they had been authorized to fly, but i really don't see it. it's a peripheral i think to the investigation. >> jeff samie tweeted us will the seating assignments of the victims' bodies found give us any idea about where the breach was on the fuselage? >> absolutely. i think that would be a reasonable. again we don't want to jump to conclusions but you might expect if the hull fractures at a certain point that people who are sitting close to that event would more likely wind up, you know free. like in the case of air france 447, some bodies floated free. some remained fastened in the seat belts in the structurally complete part of the plane on the seabed. that would be a clue. but, again once you -- if these are big sections of the plan

air asia says no that's not it at all.g one who has lost four including two young grand daughters, they can't separate the two. they're saying let's hold off. the mayor here is stepping up. >> when we come back we're going to talk more about these icing possibilities and the direction of the search now. when heartburn comes creeping up on you... fight back with relief so smooth... ...it's fast. tums smoothies starts dissolving the instant it touches your tongue ...and neutralizes stomach acid at the source. ♪ tum, tum tum tum...♪ smoothies! only from tums. >> as a 16 17 18-year-old as a teenager i was going through all these maybe also sometimes difficult times, and i still had all these unbelievable stories i think for me in this moment when i was there and playing and winning, it was normal and natural. you didn't really have the time to almost enjoy the moment because there was the next tournament already the next challenge, next opponent. i have a lot more time now to really enjoy it and look back at the memories that

if you look at trends that i think are really important in asia, across asia, southeast asia is a leading trend for the assertion of a growing middle class, a middle class that is going to grow from about 500 million people today to 3.2 billion across the indo pacific by 2025. and that middle-class, we can see them sort of putting their issues forward in southeast asia which they are doing through elections, which is very positive. but they are challenging incumbents and challenging the role of traditional centrally-controlled governments. they are asking for more transparency, more involvement. i think this is a trend that will affect all of asia over time. >> thank you all for coming. we are looking at two years where relations across the pacific are hitting some really critical turning points on the -- on tpp, on the korean peninsula, with china. precisely when washington is entering into what will probably be one of the most divisive and contested periods of our recent political history. we are making an appeal. we hope that you all agree. every piece of this report contains the hope

housed inside the large cylinders, this is what the air asia investigators will be looking for -- the circuit boards. one of them records everything the aircraft is doing technically. the other records all of the sounds on the flight deck. not just what the crew set which of. our switches being flicked, our alarms going off? it is only when you put it all together do you get the full picture. british experts have been helping the indonesian investigation and the bbc has been given rare access to the room in the u.k. where they analyze blackbox data magnetically sealed to stop eavesdropping. >> it is quite possible they will try to replay the cockpit recorder before the flight data. the flight data takes days to analyze, but the cockpit voice recorder may provide instantaneous answers to some of the questions investigators may be asking. >> the air asia team is putting this recorder into freshwater to slow down corrosion. it is a key find but families must be patient. if the recorders are went inside, which is quite possible it could be as many as five days. the recorders themselves an

it is offering to do the same for southeast asia. the government has agreed to start construction in thailand by the end of the year. >> the rail project is expected to cost around $12 billion. beijing and boink cock have yet to work out how it will be financed. the plan is to play around 873 kilometers of new track and 106 brand new shiny modern trains. >> some question china's motives. the existing trains and track gauges in southeast asia aren't compatible with china's real network, so it means thailand will have two rail systems with one just to connect to china. logistics and transport experts believe the new train network and route is designed to benefit china. >> from a chinese perspective it makes sense for them to have their system put in the neighboring countries. from a historical perspective it was a different system. that enables connectivity to support china but then also access to resources. >> for this grandmother who's been taking the train for 30 years to see her family in southern thailand, any attempt to shorten h

the president of the asia futbol association there is some news to remove australia and joined asia ine switch and comes as the socoroos will face them on saturday. >> summer time in sidney usually means a day at the beach but here the main topic of conversation is not surfing but the socaroos. >> they lost in the first round and had a lot of opportunities and should be good. >> reporter: how do you think it will go? >> they are going to win, yes. >> i certainly will want to know the result and i watched a little bit. >> reporter: after a world cup in brazil where asia didn't win a game this is a success with 70 goals and 8 sold out matches and half a million fans attending and for people like mark who had been involved with the game when it was almost a minority sport these are certainly exciting times. >> huge. it's by far the biggest tournament that we've hosted and to have socaroos, the national team in the final is excellent. >> reporter: they had not wined three games and scored one goal but they have won four out of five matches and scoring 12 times and report saying that gulf n

i think the pope and vatican have done a big pivot to asia. asia has been a big focus.lippines adore him. 80% of the population are devout roman catholics. the visit was such a big deal. >> can you imagine, 6 million folks. this was apparently a record. pope john paul in 1895 had 5 million people come out to see him at some point. this is unbelievable. he is coming home but heck of a trip. >>> everyone including the president seems to be making their own picks. >> which drama may be coming back, we will give you a hint, the truth is out there. "the skinny" is next. >> announcer: "world news now" continues after this from our ♪ skinny so skinny ♪ >> some big news here from hollywood. leading things off a lot of people are talk about movies this time of the year and one film is reaping the buzz. >> the film would be clint eastwood's "american sniper." soared past all expectations at the box office this weekend. grossing $90 million, the second largest opening weekend for an r-rated movie ever. numbers seen by summer blockbusters. >> the film starred bradley cooper as chri

we used section 311 on banco delta asia. the actions that we've taken have caused a chilling effect, even within the chinese financial system. even banks, major commercial banks within china, have cut off their relationship with entities such as foreign trade banks. so i think, chairman, that that's exactly the right approach that we should be taking. >> we're on the right road. we just want to accelerate it. dan thanks for being here to testify today. we go now to mr. engel. >> thank you, mr. chairman. testify today. >> thank you. >> we go to mr. engle. >> the chairman said that it needs to have a direct impact on the family. when we went to pyongyang, i was there twice, and granted you are limited to what we could a situation where you have elites in the capital doing relatively well, and then we impose sanctions, the sanctions hurt all the people that are starving around the country, but the elites basically are untouched. what might we do to make sure they're not caught up in it. >> thank you for the question, congressma

turning to the deadly air asia disaster. we have major new developments. search crews have found this. what appears to be a window panel largely intact you can see perhaps the most significant piece of plane wreckage found so far. and they found it here in an area about 2,000 square miles is not a small search zone but a whole lot more precise than the 23,000 square miles that was initially mapped out earlier in the week. it is here that they are hoping to find more victims. teams from several nations including the u.s. recovering 21 more victims' bodies today bringing the total to 30 out of 162 passengers and crew members. four people have been identified so far. among them a 12-year-old boy, another a flight attendant just 22 years old, her parents speaking to cnn. >> translator: she knew the risk but she loved this. it was her dream. she loved traveling. >> translator: good-bye. good-bye nissa. >> we will hear much more from her parents in just a few minute. right now i want to bring in the lecturer out of ohio state for aviation study as well as richar

here in asia most markets closed higher today. the shanghai composite journalling 4.7% which is the biggest one-day gain that we've seen in more than five years. bargain hunting came through across the board pretty much after sharp losses on monday. bucking the trend, as you can see there, is tokyo, which closed down 0.5%. the stronger yen really weighing on exporters today. some traders who had hoped for further easing by the bank of japan sold the dollar for the yen. the dollar was in the upper 118 yen range in the morning. we're seeing the yen strengthening though right now at 117.66. market players have priced in easing measures by the ecb so the euro is moving fairly narrowly against the dollar at roughly 1.1568. >>> japanese shoppers are keeping a pretty tight rein on their spending. sales at supermarkets and convenience stores have fallen for another year. officials at the japan chain stores association say sales for 2014 came to right around $110 billion. that's down 0.6% from the previous year. it also marks the 18th stra

asia. we've had a series of dinners and roundtables as we thought about this agenda. it seems clear to us that there is a lot of room to move forward. the report outlines specific actions on china -- defense policy in asia. this was internally funded and generated. we did it on our own research budgets. we do on asia expertise that we have here at csis. it runs the gamut as far as policy background. on my far left is our chair, chris johnson, scott miller, victor cha, matt goodman, bonnie glaser, rick rosso, ernie bower. we also want to introduce one new member of the team -- scott kennedy. he will be joining us starting this week to work on the chinese economy. a terrific addition for us. i will summarize the points from the report for you. then, in the questions, i will let my colleagues elaborate on the different portions that they wrote. let me begin with trade. i think most of us would agree that in the coming two years perhaps the most important thing the united states can do to cemen

days after it disappeared from the radar indonesian officials say they believe they have found air asia flight 8501. sonar equipment detecting massive objects on the okaycean floor. >>> a story of horrible loss and miraculous survival. a private plane goes down in a remote area of western kentucky. an entire family lost. except for a soul survivor. >> i answered the girl and there stood a little girl about 7 years old. that was bloody. she said that her mommy and dad were dead. and she had been in a plane crash. >> and as millions of americans head home from the holidays they are facing some wicked weather from mother nature that could cause some serious travel delays. we'll get the very latest from our fox news weather center. i'm leland vitte in for uma pemmaraju. >>> new information on the search for the wreckage of air asia 8501. sonar found four massive on jekts on the bottom of the java sea. he joins us from bangkok where it is now late saturday night. >> indonesian officials say search teams have found those four large objects on the ocean floor and they seemed very confident now

if you come from asia you can't get in. you're eitherthe best student from the best class in the world, you can't get in. is that smart? >> what's your timetable? which should we tune our watches and our calendars to find a yes or no? >> i would say middle of the year, if not sooner i will make a very sound, hopefully decision. i'm not doing it for myself. i love my life. i love building buildings, i love being all over the world doing what i'm doing. i bought turner resort of scotland, one of the great golf resorts of the world where they have the great championship formally known as the british open. i have incredible stuff and very exciting things and i love doing it. but even more than that, i love this country and i would like to see this country be great again. we're being laughed at by everybody. we spend money on everybody. we have to take care of our own country. we have to take care of our country. we have to rebuild our country. maybe i see it better than most because i travel all over the world and i see other p

air asia says his priority is to help the victims relatives. >> this afternoon, the first two bodies arrived. as yet, they are just numbers. their identities are unclear. the numbers are going to get a lot bigger before this is all over. helicopter crews brought a handful more bodies but it has been a frustrating day. recovery teams have been battling rain, strong wind, and waits of up to three meters high and the bad weather looks set to continue for several more days. the rumor mill has been working overtime. the search ships had detected the fuselage. this afternoon, the head of air asia said that report is simply not true. >> the rescue team is doing a fantastic job, they are narrowing the search. they are feeling more comfortable. they're beginning to know where it is. there is no confirmation, nothing. nothing confirmed. >> family members are lining up to give dna samples helps ease the identification process. so far, there are only seven bodies to identify. at her home in the city, -- only has photos of her son. just a few days ago, he was right here preparing to go on would h

the best ranked is iran sitting at 51st in the world asia, failing to register a single victory. naturally no teams made it to the knockouts. there are five countries that ever made it out of the world cup group - japan, south korea, australia, saudi arabia and north korea reaching the quarterfinals in 1966 >>> scott mcintyre is an asian football expert for sbs and says asia is not far behind. >> these things come in cycles if you look at the asian cup in 2010 more asian nations progressed to the knockout than there were european ones. it wasn't great in brazil. part of the problem is there's not the stage on which to test yourselves. it's for the big nations, the japans koreas - their test coming once every four years once they reach the confederation cup. the only way asia will get better is to have more representation more teams going to the big tournaments and playing. if you look at the players, inter milan and others the best players in the bundislega there's the talent coming out of asia. it's the big match experience as a nation that is lacking. >> 756 players took part l

in this episode of "asia insight," we follow the ongoing efforts to turn laos into a major exporter ofrganic produce. vientiane, to capital of laos. a market in the city is bustling with shoppers. it's held three times a week and farmers here sell nothing but organic vegetables. these vegetables are grown without the use of agrochemicals. compared to other produce, organic vegetables are said to be more nutritious which is why they are richer in color. leafy vegetables have thicker stalks and remain juicy and fresh even after they are picked. laos is one of the poorest countries in asia but the economy has been expanding resulting if larger middle and wealthy class. they are concerned about their health and will pay as much as 20% more to purchase organic vegetables. the market apparently always sells out. the farmers wear green polo shirts as they work. the shirts identify them as officially accredited organic farmers. only certified farmers are allowed to participate. organic markets are supported by the government. 80% of the country's population is involved inning a griagriculture

we use section 311 on banco delta asia. the actions we've taken have caused a chilling effect even with the chinese financial system even banks major commercial banks within china have cut off the relationship with entities. i think chairman, that's exactly the right approach we should be taking spin we are on the right road. we want to accelerate it. we go now to mr. engel. >> thank you, mr. chairman. the chairman mentioned, and i agree, the bottom line is that there needs to be an impact on the families that run the country, the kim family obviously all of their entanglement. when we went to pyongyang now granted i was there twice and granted you are limited to what you can see, we were told that we could only be in the capital and we could go outside of the capital. when we got up early and the absurd people going to work in the morning, everything seemed really normal. people looked to me like they were fed properly. people were wearing dress clothes for work. it seemed almost like any other major city. but we are told

asia's richest man is said to be going shopping again in europe. exploring a buyout of telefonica's wire unit in the u.k. he could pay more than $13 billion for 02. that is the check of the top corporate headlines at this hour. >> singapore requires buildings be repainted every five years. and they contract has driven a paint mogul to the top of the singapore rich list. who are we talking about and how much are we talking about? >> we are talking about goh cheng leing. he founded his first paint shop in singapore in 1955 and then he began a joint venture with nippon paint from japan and nippon southeast asia which is in 15 asian countries. he is worth about $4 billion. in the past year, he has also become the largest shareholder in nippon paint. that is worth about $4 billion as well. >> so let's go down the list a little bit. who is number two? >>goh's net worth but some ahead of wi cho yao. he has a fortune of about $6.9 billion. next is the family members of [indiscernible] worth $4.9 billion. the suns are worth 4.6 billion dollars and $4.5 bill

thanks their efforts, organic farming may help to put laos on the economic map in asia.teves: the dramatic rock of cashel is one of ireland's most evocative sites. this was the seat of ancient irish kings for seven centuries. st. patrick baptized king aengus here in about 450 a.d. in around 1100 an irish king gave cashel to the church, and it grew to become the ecclesiastical capital of all ireland. 800 years ago, this monastic community was just a chapel and a round tower standing high on this bluff. it looked out then as it does today over the plain of tipperary, called the golden vale because its rich soil makes it ireland's best farmland. on this historic rock, you stroll among these ruins in the footsteps of st. patrick, and wandering through my favorite celtic cross graveyard, i feel the soul of ireland. >>> this week on "moyers & company" -- >> we in america have a higher opinion of ourselves than maybe we deserve. we've always believed that we're democrats. we're fundamentally egalitarian. but i see that egalitarian impulse disappearing. i see it either being num

in this epode of "asia insit" wollo men in their quest. report on the evolving schemes of match making in south korre >>> occhon is a small town in central south korea. praying at the local temple is thought to bring good concern. every year some 5,000 men and woman come here to pray hoping to find a lifetime partner. praying is good, but the monk who runs the temple offers a more practical approach. he organizes match maiking events strictly for people wanting to get married. these events frhave so far produced 1500 couples. participants begin by registering at a reception area on the temple grounds. 44-year-old oh woo jeong heard about the event from a friend. he lives in neighboring city. up until his mid-30s he had to change jobs several times. now that he's finally found stability as a regional public official he's ready to get married. he thrfills out a personal prof form with details about his height, weight, occupation, annual income, family background and assets. then he describes to the monk's assistant his ideal woman and other

more on the manhunt and newment twos on the sernl for air asia flight 8501.e worst cold with this runny nose. i better take something. dayquill cold and flu doesn't treat your runny nose. seriously? alka-seltzer plus cold and cough fights your worst cold symptoms plus your runny nose. oh, what a relief it is. abe! get in! punch it! let quicken loans help you save your money. with a mortgage that's engineered to amaze! why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with efficiency? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you, it's everything to us. the xc60 crossover. from volvo. lease the well-equipped volvo xc60 today. visit your local volvo showroom for details. >> welcome back. sej and rescue teams have detected pings that could be coming from the black boxes of air asia flight 8501. david, i mean, we have to approach this with caution. got to be very careful here. yes, there are pings that may be detected

some flights are grounded because air asia did not have the right permit.is home they are planning more funerals. this man lost his brother, sister-in-law and mother and 9-year-old niece. he told me he is optimistic they will find the bodies but it's in god's hands. his sister-in-law was the first plane crash victim to be identified and that happened on thursday, and she was laid to rest later that day. francis? >> thank you very much for that report. >>> the cdc declares the flu outbreak an epidemic so how bad will it get, and what your holiday tweets revealed about the shopping season. curl up with their favorite man. but here's the thing: about half of men over 40 have some degree of erectile dysfunction. well, viagra helps guys with ed get and keep an erection. and remember, you only take it when you need it. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach and abnormal vision. to avoid lon

he said it played an important role in the stability of east asia and the security of japan depended on the security of okinawa and vice-versa and he commended the u.s. administration. he said the people in okinawa had seen their economy and welfare get better under the americans. looking after historical records, this man says prime minister wanted to speak directly to the people of okinawa. the americans saw the islands as a strategic location in east asia and base to defend japan. >>> officials with mcdonald's japan are struggling to find ways to end a string of food scares. they've announced new safety measures but problems keep cropping up. >> reporter: pieces of plastic, vinyl, even a human tooth have been popping up in mcdonald's food across the country. >> in northern japan, a customer found a piece of vinyl in a chicken nugget. >> a child suffered a mouth injury, after biting into a piece of plastic in an ice cream sunday. in osaka last august a customer found what was determined to be a human tooth in french fries. in other outlets, customers found a bug in a piece of metal

what are the reverberations here in asia?wiss franc situation hopefully doesn't have too much impact on asia. most asian corp rats would borrow in u.s. dollars and most of them have been borrowing in domestic currency. i think the strong swiss franc is going to impact maybe those who want to go skiing. any secretaryo in japan is not a better deal. >> you heard it from him right here, that swiss franc move helping out the ski industry in japan. that's probably very true. thank you so much for joining us. coming up, mind the gap. after the break, the growing warnings about wealth being concentrated in very few hands. all the details when "first up" returns. ♪ >> it's richest versus the rest. the world's top 1% will control half the world's wealth by next year. the numbers are staggering. >>er the. you're seeing this gap widening year after year starting in 2009. richest 1% own about 44% of the global wealth. between 10 2016 they're saying it will likely exceed that 50% mark. 29 billion was added to the world's richest collectiv

police officer. >>> still ahead, we're answering your questions about the air asia missing plane.qs. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the evolution of luxury continues. the next generation 2015 escalade. huh, fifteen minutes could save you fifteen percent or more on car insurance. yeah, everybody knows that. well, did you know that playing cards with kenny rogers gets old pretty fast? ♪ you got to know when to hold'em. ♪ ♪ know when to fold 'em. ♪ ♪ know when to walk away. ♪ ♪ know when to run. ♪ ♪ you never count your money, ♪ ♪ when you're sitting at the ta...♪ what? you get it? i get the gist yeah. geico. fifteen minutes could save you fifteen percent or more on car insurance. >> we want to bring you up-to-date on wreckage and bodies from air asia flight 8501. the search is on hold for the night. today crews recovered four bodies from the murky java sea that brings the total number of victims found so far to 34. one of the bodies recovered today was found off borneo and that suggests that currents may be moving bodies and debris to deal with that authorities are extending the search zon

take vo --encuentran parte de la avin de la aerolnea "air asia"...lorena recuerde que estamos pendientes en las redes sociales...nos puede encontrar en facebook bajo telemundo 48 y en twitter como @ telemundo 48.... ===am cold open music=== juanfra/take topvo --un violento tiroteo deja a una persona herida en una estacin del "bart" en el este de la baha.. lorena/take vo --huye tras recibir miles de dlares en procedimientos cosmticos... y sin pagar un slo centavo! autoridades ahora buscan a este malechor que fue captado en cmara... pause for nats juanfra/take vo --adems, captado en video cundo un oficial casi muere cumpliendo con su deber... le tenemos las impactantes imgenes. take lucrecia live juanfra/topvo --- porque en telemundo 48 somos primero con la noticia... le traemos informacin de ltimo minuto que nos llega desde francia donde un tiroteo que se produjo al interior de un peridico dej por lo menos a 12 personas muertas... --- de acuerdo con la polica dos sujetos encapuchados dispararon sin piedad al interior del semanario charlie hebdo.. cont