. >>> the asia-pacific economic cooperation forum summit opened at day two in honolulu, hawaii, on sunday. leaders of the 21 apec economies exchanged views on economic collaboration as well as growth and employment in the asia-pacific region. >> we'll be discussing how we can work together to spur on quicker economic growth, and more sturdy and sustainable economic growth. >> on the sidelines of the apec summit, leaders of nine pacific rim nations participating in the u.s.-led tpp free trade negotiations held talks. they include australia and singapore. the nine countries said in a joint statement released on saturday that they broadly agreed on the elimination of tariffs and ways to increase investment. amid a prolonged economic downturn at home, he wants to create jobs by boosting exports through the tpp. >>> prime minister yoshihiko noda gave japan's perspective on the tpp in a separate meeting with president obama. noda and obama talked on the sidelines of the summit. >> i'm confident that working together, we can continue to build on that relationship in the areas of commerce, in the

the asia pacific economic cooperation summit gets under way a little later today. president's next stop, australia. he'll wrap up the trip next saturday in indonesia. apec, it's the asia pacific economic cooperation. the main economic forum for the region has 21 member nations, including the u.s., australia, china, japan and mexico. the united states's turn this time to host the summit. the focus is trade and investment as well as technical cooperation between member nations. >>> and did you see the site last night? reynolds within it was one of the coolest sporting events i have ever seen. but it was on the deck of the "uss carl vinson." they had a basketball game there. you're seeing time lapsed video right now of how they built and convert an aircraft carrier into a basketball court. but yes, they put a court there. you had north carolina playing michigan state. this was really a show for the troops. a way for them to bring attention to the troops on veterans day and to say thank you. the president was in attendance. they were able to get some 8,000 people aboard

llnetiio ome kn >>ra'vdede ththio th wl oween at the asia-pacific economic cooperation summit in honolulu. i'm fully aware of the benefits as well as the concerns pointed out over the matter. through the discussions with otr counies we'll stri to collect information on what they expect from japan and by rrnguthorough puic deten the matter with nationalntest the top iotyn mind i'lleek to ach a conclusion othe tpp. >> the tpp will eliminate tariffs and other trade barriers among member countries in the owh siss is foit.fa fhe ami e n,e so thdrbas in heaytpmi gavet jan r lo te.vi, inhaotte ase n'boan lloi t nt re somonno ransto we want for ad a inv inhei eff t rules asia pif regio to mimpa ment to try inthroh su-fd no'snnouncent mas it sian t g infon. want the government to collect accurate information about the negotiations. >> translator: the government needs to tackle the preparatory consultation with a zero-tolerance approach. it must not make concessions that threaten the safety standard of food, the food self-sufficiency rate, or the universal health care system. we want full disclosur

asia- pacific region. >> the united states has a pacific nation, is and will remain a a pacific power in thi region. >> president obama travels to honolulu, hawaii's capital, to host apec, the asia-pacific economic cooperation conference. it will be the first meet this is year of apec world leaders. the prestigious and powerful apec consists of 21 asian and pacific ocean nations. apec began 21 years ago. the mission of apec is to foster sustainable economic growth and prosperity apec is t foster sustainable attendees at the meeting are australia, canada, indonesia, japan, south korea, malaysia, new zealand, the philippines, singapore, thailand, taipei, hong kong, china, mexico, new guinea, chile, peru, russia, vietnam, and the u.s.a. attendees also include business leaders and academics from around the world. aggregated, these 21 nations want to be called "economy" and not "nation." they want to emphasize that asian-pacific economic economies have no political agenda, rather, they have an economic agenda, notably, trade. these collected economies present a massive volume of power. item, apec, gross domestic product, all goods and services of 21 economies, apec constitutes more than half of the total gdp of

death looks set to play a major role at the asia pacific economic cooperation summit in hawaii the leaders from the twenty one biggest pacific rim economies pledged to foster strong economic growth as yet another recession over world markets. the u.n. security council is considering palestine speed for recognition with the vote on the motion expected as early as next week palestinian president abbas is.

this will happen on the weekend at the asia-pacific economic cooperation summit in honolulu. i'm fully aware of the benefits as well as the concerns pointed out over the matter. through the discussions with other countries we'll strive to collect information on what they expect from japan and by carrying out thorough public debate on the matter with national interest as the top priority in my mind i'll seek to reach a conclusion on the tpp. >> the tpp will eliminate tariffs and other trade barriers among member countries in the asia-pacific region. big business is for it. farmers, fishermen and co-ops are against it. prime minister noda says the tpp will help japan tap into the growing power of the asian economy and pass wealth on to the next generation, but he also mentioned the drawbacks of joining the trade pact. he says tpp might have a negative impact on japan's medical system, traditional culture and beautiful villages, things that have been protected for a long time. reporters asked the prime minister why he won't give a clear answer about whether japan will join the t

. >>> president obama meantime is in hawai'i for the asia-pacific economic cooperation summit. the president have trying to spur economic growth and free-trade among the 21 nations taking part in the apec summit, a plan supported by business and labor leaders in the u.s.ment summit leaders expressed concern about the european debt crisis and discussed ways to mitigate the damage if europe falls back into a recession. >> hey, hey, ho', ho', apec has got to go. >> occupy protesters were followedd by police on bicycles. a hawaiian singer farm performing for the president and other leaders revealed a t- shirt that said "occupy aloha," as i sang the dangers about corporate greed. >>> a supercommittee is working on a reduction deal to cut $1.2 trillion from the federal budget over ten years. and with the november 23423rd deadline looming, lawmakers are stuck on the same issues that prevented a debt-reduction deal two months ago. republicans are opposed to tax increases and democrats are opposed to cuts in health and retirement programs. but they say they have not lost hope for a deal

we're honored to was the asia- pacific economic cooperative cooperation here in our great city. i want 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

and the effects of the euro zone debt looks set to play a major role at the asia pacific economic cooperation summit in hawaii leaders from the twenty one biggest pacific rim economies pledged to foster strong economic growth as yet another recession looms over world markets. the u.n. security council is considering palestine's bit for full state recognition with a vote on the motion expected as early as next week. and to the victors go the spoils with the fighting over in libya western companies are lining up to exploit the country's rich oil and gas reserves.

japan is expected to announce its decision at the asia pacific economic cooperation forum later thisonth. >>> a multimillion dollar scandal involving a machine maker turned the spotlight on corporate governance in japan. the former british president of olympus corporation told nhk about his brief tenure as president and his failed attempt to get answers about hundreds of millions of missing dollars. michael woodford had an ill just yus 30-year career at olympus before he made it to the top becoming president this year. however, almost immediately he began inquiring about four questionable corporate acquisitions by olympus in 2008. woodford approached a british auditing firm to investigate the deals. the firm's preliminary rofrt described the $2 billion price tag for one of the acquisitions, a british medical equipment maker as unusually high. it also questioned the roughly $687 million commission to the brokers who arranged the deal. they said olympus may have committed irregularities. >> it's the largest payment ever in the history of capitalism and m&a activity. for what and for wh

noda announced at the asia-pacific economic cooperation forum meeting over the weekend that the government will begin talks can countries involved in the tpp. >> translator: the government will not join the discussions if the tpp harms japan's national interests. japan will enter consultations with relevant countries from the viewpoint of maximizing its national interests and make an independent decision on whether to join the talks. >> the prime minister dismissed suggestions that japan's possible participation in the u.s.-led talks is designed to keep china's economic rise in check. >> we have no intention to counter china's economic growth. japan's basic stance is to promote a high-level economic partnership with china. >> noda said if china joins the tpp, then he would welcome it. as it would increase the likelihood of the asia-pacific free trade zone. meanwhile, noda has dismissed a white house statement that quoted him as saying all goods and services would be on the table at potential tpp negotiations. >>> the white house says noda made the remark to president obama at the japan/u.s

president when the two leaders attend the summit of the asia-pacific economic cooperation forum on saturday. the agenda for the japan/u.s. summit is likely tocally japan's possible participation in talks on the tpp, designed to create a free trade bloc in the region. obama is expected to convey his stance that the u.s. is determined to step up its involvement in the asia-pacific region. japanese government sources say say noda is expected to convey his administration's position on whether japan will take part in the tpp talks. meanwhile, about 6,000 protesters held a rally in tokyo to oppose japan's participation in the tpp talks. agricultural cooperatives and other groups organized a rally on tuesday. the ruling democratic party hopes to draft a proposal on wednesday on whether japan should join talks for the tpp. >> translator: i feel a sense of crisis that i've never felt before over this issue. if japan ever joins the tpp, it'll cause irreversible damage to regional economies, job security, stable food supplies, and the medical system. >> more than 100 lawmakers also took part in the ra

in italy well government leaders from twenty one countries and hawaii today for the asia pacific economic cooperation summit the pacific rim nations are able to promote free trade and economic team work in the asia pacific region while the summit doesn't kick off until saturday there is already a lot of excitement on the ground as senior officials are rive r. t. is honest isn't hawaii right now to bring us the latest on a stasi a what is happening there right now. well there is you know i have to see there's really a big disconnect in pace between the tourists that have gathered here and why and all the apec delegates and media members that have gathered here for work it's definitely a bit of a frenzy going on on the ground even though the main events the leaders start gathering really tomorrow and the biggest events will be helped throughout the weekend now really this is the biggest welcome that how why he has really ever thrown out slopes here say they've been preparing for this for two years it's estimated that as much as one hundred thirty seven million dollars were spent on putting the saw whol

and the effects of euro zone debt looks set to play a major role at the asia pacific economic cooperation summit in hawaii leaders from the twenty one biggest pacific rim economies pledged to bolster strong economic growth as yet another recession looms over world.

hosting the asia pacific economic cooperation conference in highway', president obama spoke out on one practice he says the united states and other countries put are put at an economic disadvantage, and that's by china's undervaluing of their currency. >> it's time for them to go ahead and move toward a market-based system for their currency. this is not something that's inconsistent with where chinese leadership say they want to go. the problem is that you've got a bunch of export producers in china who like the system as it is. and making changes are difficult for them politically. i get it. but the united states and other countries i think understandably feel that enough is enough. >> the president continued saying since china's economy has evolved over the last 20 years and is now, quote, grown up. the country must behave more responsibly on both trade and currency issues. for more on the change in leadership in italy we bring in cnbc's steve sedgwick live in london. >> the basic ten meant is saying 25% of the chinese currency will make things a more equilibrium. the chinese shot b

. >> jake is traveling with the president, who attended the asia pacific economic cooperation conferencend we always love looking at the so-called family photos of world leaders but look at something different. what's missing? the traditional attire from the host country, world leaders usually wear, 1994, take a look, bill clinton in batik in indonesia and 2001 president bush a silk jacket a poncho and president obama wearing a tune nick singapore but this year a break with tradition no grass skirt no, sir hawaiian shirt no coconut bras white house saying the outfits distract fra the serious issues being tackled at the summits. >> noah now we head out to california where police in riot gear cleared plaza home to the occupy oakland demonstrators. 32 protesters were arrested, the mayor of oakland says the protesters will be allowed to return but they will no longer be allowed to camp there overnight. >>> and now, politics and tonight, signs of a gathering storm for republican front-runner herman cain, latest abc news "the washington post" polling the number of americans with unfavorable op

japan is expected to announce its decision at the asia pacific economic cooperation forum later thisonth. >>> a multimillion dollar m&a scandal involving a major panese optical machinery maker has turned the spotlight on corporate governance in japan. the former british president of olympus corporation told nhk about his brief tenure as president and his failed attempt to get answers about hundreds of millions of missing dollars. michael woodford had an illustrious 30-year career at olympus before he made it to the top becoming president of the company in april of this year. however, almost immediately he began inquiring about four questionable corporate acquisitions by olympus in 2008. woodford approached a british auditing firm to investigate the deals. c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c c tag for one of the acquisitions, a british medical equipment maker as unusually high. it also questioned the roughly $687 million commis

only ten minutes past the hour now here in moscow this year's asia pacific economic cooperation summit in hawaii has are wrapped up after twenty one member nations did make some breakthroughs but includes a pledge to work towards a pan pacific free trade zone and to put in place proportions against the risks facing the global economy and we treatment where they're going to president obama discussed russia's accession to the w t o the world trade organization by next summer the same time the u.s. turned up the heat on its biggest economic rival that of china and as our correspondent. discovered the smiles and handshakes for the cameras did not tell the full story. there is a tradition at a park summits where leaders get together and where national costumes for a photo opportunity it's really a fun time for leaders support each other on the back and joke around but this year journalists were surprised to see that this is all a photo op in hawaiian shirts never happened and we were hearing that this is because china was refusing to put on the hawaiian shirt so it really looks like the uni

financial interests but i want to talk now about what happened over the weekend at the asia pacific economic cooperation summit president obama and chinese president hu jintao. then there are all of that of a tug of war going on over who should get to write the next chapter is in the global economic rulebook the u.s. has been highly critical about china's trade policies on currency practices and what views as too slow appreciation of the one chinese president hu jintao responded to and saying you know first of our u.s. trade deficit and unemployment rate by the one exchange rate he also insisted on more influence from beijing as a growing power but it's a tough talk in front of a packed leaders countries by the way account for more than half of the world's economic output so what will come out of this weekend's meetings to answer that and more as opposed to is a quote times correspondent had to ask of our i asked him what was most concerning for him about the u.s. china exchange over the weekend here's his response look it's like watching a b. gene or copper you know on a big share of chinese opera it r

countries he wants to sign up by the end of next year now this is what came out of the asia pacific economic cooperation forum in hawaii over the weekend now at the same time he took public jabs at china seemingly over its currency swiping at china is gaining this system which is a good reminder for this just last month the u.s. senate was voting to open a debate on a bill aimed at imposing tariffs on countries with undervalued currency that is code word for terrorists against china and the chinese in response were warning this could lead to a trade war which is something that outside financial experts also said people like jim rogers who i interviewed at the time about this so we ask with much of the global economy suffering developed economies struggling is it more likely we will see a trade war rather than trade deals girls alliance a founder of founder and director of trans research institute and publisher of the trends journal is here to answer that for us because he's been writing about this kind of stuff and he is just the man to ask the question thanks for being on the show doubt it's nice to se

chapters in the global economic rule book over the weekend as we just mentioned at the asia pacific economic cooperation summit both president obama and hu jintao that pertain table together certainly had some differing ideas about how to move forward the u.s. has been highly critical about china's trade policies and their currency practices and what it is as a to slow appreciation of the one china's president hu jintao responded saying first of all the u.s. trade deficit deficit and unemployment rate are not caused by any one exchange and also insisted on more influence from beijing as as a growing power are to course on oksana boyko spend the weekend in honolulu for the conference and laying out some of the differences that have piled up between these two countries. if there is any us state where the occupy movement has little chance it's probably hard why despite the high concentration of for the chickens and wall street big wigs socializing at the apec summit the only place people are willing to occupy here on mass at the beach is this one exception these pictures tourists are against greed and soci

seems to be slowing a little bit well this is all being discussed this weekend at the asia pacific economic cooperation or apec and honolulu hawaii or leaders from twenty one countries will discuss things like free trade and green technology and the crisis in the euro zone i want to go now to our g. correspondent on the stasi a church going to in honolulu to hear how things are shaking out on the eve of the conference. and. just start off by asking what are we expecting to see come out of this. well christine you know this is a very big gathering we're seeing twenty leaders from twenty want to qana means get together to try to try to tackle issues that they're faced with in the global economy and as you pointed out one of their main priorities is working out you know boosting trade and investment creating by the year twenty twenty or free trade zone and this is one of the biggest economic world groups comprising huge part of the world with fifty three percent of the world's g.d.p. certainly a lot of talk about it in the realms of trade and things like that but we can't forget what's been going on this

seems to be slowing this is all being discussed this weekend at the asia pacific economic cooperation forum a pac and honolulu hawaii where leaders from twenty one countries will discuss things like free trade and green technology as well as the crisis in the eurozone but it appears another crisis is brewing and seems the u.s. is global dominance could be coming to an end i want sooner than expected i want to show you something the i.m.f. posted earlier on its website something that sort of fell under the radar of most seems to be out of a big deal and this graph shows forecasts rather that when it comes to purchasing power parity in china essentially will catch up to the u.s. and the next five years by two thousand and sixteen so will the winner of the twenty twelve election be the last u.s. president to preside over the world's largest economy earlier i posed that question to dr caroline hellman professor of politics at occidental college to tell us who actually thinks this is similar to some earlier red scares of this country has faced. i think about superpower dominance in terms o

slowing or a holding pattern this is all being discussed at the this weekend at the asia pacific economic cooperation forum or a pac in honolulu hawaii where leaders from twenty one countries will discuss things like free trade and green technology and the crisis in the euro zone but it appears another crisis is brewing and seems the us is global dominance could be coming to an end a lot sooner than expected i want to show you something posted on the i.m.f. website earlier this year something that sort of fell under the radar of most seems to be kind of a big deal this graph posted on the i.m.f. web site forecasts that when it comes to purchasing power parity china will essentially catch up to the u.s. in five years by two thousand and sixteen i want to talk about this and about decisions being made here in washington that may have contributed to this shift dr caroline hellman is a professor of politics at occidental college she's in our los angeles studio caroline not be eleven eleven eleven i want to know what you think i mean is it possible that whoever wins the election in two thousand and twelve

but told they were unavailable because they're attending the asia-pacific economic cooperation meeting in hawaii. president obama will be there, too. in new york, i'm eric shawn, fox news. >> bret: marine corps is celebrating the 235th birthday. created november 10, 1775. captain samuel nicholas was authorized to form two battalion of marines to help in the fight against the british. happy birthday to the marine corps. semier phi. >>> the 890% -- 90% solution for the gulf oil spill up next in the grapevine. the 99% crowd from the occupy wall street join the other 1%. ( phone ringing ) okay... uhh. the bad news, it's probably totaled. the good news is, you don't have to pay your deducble. with vanishing deductible from nationwide insurance, you got $100 off for every year of safe driving, so now your deductible is zero. the other good news ? i held on to your coffee. wow. ♪ nationwide is on your side ( laughing ) it's actually a pretty good day whenou consider. that's great. would you go next if you had a hoveround power chair? the statue of liberty? the grand canyon? it's all possible

asia pacific region. mr. obama traveled to his native hawaii where he hosted the asia pacific economic cooperation summit. he visited australia and indonesia. the president says the most useful thing to come out of the tour was the opening of asian markets for u.s. goods. >>> and relief that the hour for homeowners and firefighters in the sierra foothills near reno. snow helping to extinguish the massive wildfire that charred 2,000 acres and destroyed 32 homes. the nevada governor says it as miracle more weren't lost. most of the 10,000 evacuees now back home. investigators say power lines likely sparked the flames. i'm marianne rafferty. now, back to "justice" with judge jeanine. for the latest headlines, go tm fox news .com. faulkner. now, back to the judge. >> judge jeanine: what was accused rapist going out on the streets? arrested on a charge of forcible rape, flagged as an illegal immigrant. yet for some unknown unfathomable reason the rape charge is dismissed, the deportation process stopped. so santana a free man, free to commit murder. a reporter with the dallas morning news and michael wylde imm

but told they were unavailable because they're attending the asia-pacific economic cooperation meetinghawaii. president obama will be there, too. in new york, i'm eric shawn, fox news. >> bret: marine corps is celebrating the 235th birthday. created november 10, 1775. captain samuel nicholas was authorized to form two battalion of marines to help in the fight against the british. happy birthday to the marine corps. semier phi. >>> the 890% -- 90% solution for the gulf oil spill up next in the grapevine. the 99% crowd from the occupy wall street join the other 1%. what's better than gold ? free gold ! we call that hertz gold plus rewards. you earn free days, free weeks and more fast. that's a plus. upgrade your ride. that's a plus. rewards with no blackout dates so you can redeem anytime. and it's easy to redeem your points online. already a gold member ? just select gold plus rewards in your profile and start rewarding yourself now. just go to hertzgoldplusrewards.com to join. hertz gold plus rewards. journey on. but don't just listen to me. listen to these happy progressive customers.