more than one-third of the population is asian-american and pacific islander. you rock. next speaker is no stranger to this event, but within the last few years, he represented mayor newsome at this very celebration. in january of this year, a new chapter was written when the board of supervisors unanimously voted in city administrator edwin lee to be the mayor of san francisco. he was noted as the best candidate for leading the city for work because of his more than 25 years of experience as a leader in city government. ladies and gentlemen, please welcome the hon. edwin m. lee, the mayor of san francisco. [applause] mayor lee: thank you. thank you for that wonderful introduction and thank you for being here. it is the seventh annual celebration. sydney already explained our history, what president carter did for us, and what we are doing for ourselves, joining the whole city and region in celebrating asian-pacific portage month. i am so grateful to the board of supervisors for this whole four months of leaving this great city. i will say once again as i have said throu

law caucus and other asian lawyers and asian law students protesting the admissions criteria, the elimination from the admissions criteria. and there was janana here r invitingly and other attorneys to go on her show to talk about that. i remember that very first interview. the microphone was stuck in my face. "as a first-year law school student, what do you think of this?" and i went, "community." that was all i could say. but i remember jan, and i have watched you for so many years progress over so many different topics. both david and janana in my opinion are the media heroes i grew of with, and they continue even today to the marvelous job of continuing to inspire everybody, bring the news, the stories, the culture forward, so it is my privilege tonight, in light of their accomplishments, to announce that for the very first time, in these awards that we are announcing tonight, that we will be announcing both of them as our winners for the lifetime achievement award finalists. [applause] congratulations. and please come on up here. [applause] [applause]

that is on the minds of many asian families. i went to lunch with some sixth graders from alice fong. i said, do you want to be in the city? yes, i want to be in the city. they were asking me about twitter. they play some of the zynga games. they did not know that their headquarters were here, but they need to know that, growing up. we want the chinese companies to also use san francisco as their headquarters and to continue to be the gateway. people love that about the city. asian families, the matter their income -- they could be a hotel workers, garment workers, for ceo's, they all want -- or ceo's, they all want a quality city. my job is to make sure they trust government, so that when we say something, we do it. what i do not like it, and past relationships with the government, they could not do what they said. that is where the mistrust comes out. that is why i am going around talking to every community possible. if i can take care of it, i will tell them. if i cannot, i will tell them honestly. i think honesty in governme

in sydney thinking i think of the asian stuff that sounds awfully good start here it's a credit rating consummating ten it's trading as its rights against europe's exchanges a bit and makes america. three years off to join john lynch to one scene to try and see in south assess yeah we need a bed with skulls a big tariff a mediocre padlock it's. rampant you see and riots misplayed cinemas non-doing dolls in the boxes of injured trying to contain what started as a peaceful protest against things to make sure seem. very warm welcome to this is our scene live from the se asian stocks tumbled early on monday starting what's likely to be a string of torrid trading in europe and the us major investors are taking flight in america's government debt downgrade in europe's debt when that refuses to heal street is in asia is the third largest economy india with the latest outlook for the region. the asian markets of hearts humbling today which is what many analysts predicted on friday when this credit downgrading rating was released but obviously this is what many financial analysts had predicted

invasions has to call me india with the latest outlook the asian markets are tumbling today which is what many analysts predicted on friday when this credit downgrade rating was released but obviously this is what many financial analysts had predicted on friday we were already starting to see the markets tumbled on friday in reaction to the u.s. debt ceiling debate and these new credit ratings downgrade so. asian markets are reacting very strongly they have a vested interest in what's going on in the united states they are holding three trillion dollars the united states debt so everyone's watching very closely here to see what's happening in china is the number one holder in u.s. dad chip pan is number two they both have reacted very strongly to this crisis china calling all of this immoral and responsible and saying that the united states must to deal with this immediately and obviously there has been a lot of talk about moving away from the u.s. dollar as the reserve currency in the world and obviously there has been a lot of talk about adding asian currencies into that of basket

and what does it mean to be an asian-american? complex identity and the clash of cultures. >> hello there. senior police officers have insisted that the tactical decisions that brought the riots in england under control earlier this week were theirs alone and not a result of pressure from politicians. more than 1,600 people have been arrested in connection with the riots. around half have appeared before the courts. here's mark easton. >> a week after the riots began, senior police officers and government politicians have indulged in a public row as each seeks to avoid any blame for the lawlessness. emerging from the latest meeting of the emergency planning committee cobra, the acting head of scotland yard made a clearly barbed remark. >> i think after any event like this, there's always people who will make comments that weren't there. if police officers had the benefit of foresight, we'd obviously do things slightly differently. >> it's clear that many senior officers are furious at suggestions that police only got their act tog

what does it mean to be asian in america? >> is this something i have inherited? is this something that i have to confront. is it a practice that i campos in choices on how i stand, how i dress, how i would make choices. >> all seven artist -- all seven have different outlooks. one of them was born in japan. she had a clash of cultures while she moved to new york. they are using traditional japanese techniques to convey ethnic encounters. >> this is a knockoff of a famous american painting by the artist inserted himself in the role of george washington. >> this is a third-generation japanese-american. he and his family were sent to an internment camp. >> he has been profoundly interested in this idea of asian-americans as the eternal foreigner. one who is always different. his art is a kind of a response to the kinds of experiences that he felt living as the eternal foreigner. >> the show draws few conclusions about the asian- american experience but it does sparked a debate which has been a long time coming. >> in one final story, sri lanka has begun a census but

as a consumer you got seen playing field with the asian store it's our you can start us die racing cars the movie tenth street is expecting your american. three years old to torch on the instant new machines trying to steam sound sincere we need those who can battle scars of the conflicts harry tell their children that are still. losing and rising spreads of north london dolls means of offices that injured trying to contain more songs and as a peaceful protest against the faithful are going to sing over the. very warm welcome this is from moscow asian stocks tumbled on monday so what's likely to be a string of torah trading in europe and the us major investors are taking funds that america's government debt downgrades and europe's debt that refuses to heal. it is in ages the third largest economy india the laces outlook for the region. the asian markets are tumbling today which is what many analysts predicted on friday when this credit downgrading rating was released but obviously this is what many financial analysts had predicted on friday we were already starting to see the markets tu

continue that sinking feeling asians stones the downall today his story u.s. debt raising cost well similarly tens tradings expected in europe and america. three years after georgia on the state's new machine to try and seize sound says here we meet those who bear the scars of the conflicts here and how they're rebuilding valinor it's. ironic that using the rising spreads in the london dolphins of all places a ranger tried to contain what started out as a peaceful protest against the fatal police shooting of a man. a very warm welcome to you this is our see live from moscow with. asian stocks tumbled early on they saw what was likely to be a string of torah trading in year on the us later investors are taking fright at america's government debt downgrade and europe's debt that refuses to hear what it is in asia's largest economy deal with the latest outlook from the region korea a lot of red on the exchanges where you all warm does this mean for the age of economy. that's right the asian markets are tumbling today which is what many analysts predicted on frida

none of the workers on duty appeared to be asian. one customer who once worked at a restaurant called the suit upsetting. how should it be in a restaurant? >> i think everyone should do their fair share especially in a restaurant like this. everyone does everything. i would think in this type of restaurant. >> reporter: the suit filed in federal court is seeking unspecified damages. elizabeth, they are also seeking potentially other workers who may have been affected by this. this goes back to 2008. so anyone who worked at this panda restaurant three years ago is asked to call in if they feel like they were treated unfairly, as well. >> thank you, len ramirez. >>> newspapers across the country are disappearing. not because they are selling out, either. coupon thefts are on the rise since the popular tlc show, extreme couponing, started. that shows homeowners and couples stacking their carts and wind up paying phi bucks after using coupons. but one woman in arkansas was arrested for stealing nearly 200 copies of her local newspaper. s

what we've already seen this morning the asian markets. you said the russian markets have just been a very much the same story an expected to play out here this morning as investors exude the decision by standard and poor's credit rating agency for the weekend to remove the u.s. is saying. we've heard from a lot of analysts that there's certainly this downgrade reflects increasing global uncertainty in the u.s. economy it's not all bad news some analysts have also said that they expect traders to be able to resist a black monday start situation and indeed the deputy finance minister here in russia has said that russia has no plans to change its investment policy. the u.s. downgrade nonetheless this is the first time in history that the u.s. has received a downgrade. the government received the downgrade is taking between nine to eighteen years to recover that status so it says you know thing is going to bounce back very quickly and it is also important to recognize that a lot of people have pointed to the fact that a double a rating is sti

i do remember the asian law caucus, by the way. 39 years, the celebration was friday. you were there. is truly an honor, and thank you for coming to celebrate this month. all of you and your presence means so much to those of us on stage and those of us especially being recognized with an award. it takes a community after all to move our voices forward, to move our issues forward, and you are all part of that community. whether you are the part of the community at the forefront making laws, whether you are the part of the community in the corporate forefront, and thank you to target and everyone in the corporate community. we certainly need you. and whether you are in a public service community. we certainly need you. those of us in the broadcast community -- i think david and i have truly said so many years that we need to have a voice, and we would encourage anyone to have that voice. and it has been an honor for me to be part of the voice to move the issue that we think is so important forward in terms of television. and those of us inside the broadcasting world hav

a global response to this crisis but asian markets. a sea of red after south korea's finance minister said there was quote no cause for concern for the world economy the south korean index was temporarily closed it was shut down of the shares there collapsed in the wake of those statements as investors feel politicians don't get just how serious the situation is the moment of the oil of the storm continues to be europe a key concern is italy where prime minister silvio berlusconi promised to speed up spending cuts government spending cuts in the country but the expose thing for more needs to be gone for europe to recover from this crisis. the italian government one point it trillion euros now that means nothing to anybody but that is bigger than the total government debt arland portugal and greece put together before the end of this year it will either need to sell bourne's debt which is equivalent to the whole of the greek government bond market in other words all of the greek debt that we've been talking about for weeks and weeks and

this is also an historic day for the asian-american community. for a community that has been here in san francisco for over 160 years, i am a product of that community. i know that ed and all of us who are of asian-american descent feel the legacy. and i want to thank all of you who have been part of this historic moment to make this happen. and say that this is obviously not just about a chinese american community or an asian-american community. this is about the american dream. the idea that anyone from any background of any color from any part of the globe can come here and someday be at the very top of what our community is about. [applause] in closing, i also want to just say that this is an historic moment because we have overseen the orderly transition of leadership. what we have done at the board here at city hall is what separates a democratic society from less democratic ones. free communities from less free ones. we have overseen a truly orderly and wonderful transition of leadership from our lieutenant governor, gavin newsom, to our n

i can go off and preach about the fact they think so many of us asian american authors and asian authors in general tend to go back and write about our ancestors and write about things in our past not our specific past but may be of of ancestors and mothers and grand mothers. we have been telling their story. i think the generation to come, will be telling stories of living here. it will be different stories. but the oppression of our voices have been for so many, many years, if you think back the first writer who was read in terms of asian american was maxine kingston. i read her in high school and was greatly affected by reading about the woman warrior. before her there were few. there were some but didn't make that economic splash. they were never read in a large way. maxine was the first one we read her in school we knew of her. she was not out there like anny tan was when she wrote the joy luck club. so much of it is timing. it meant all the history and the voices before then had been silent. my generation of writers came in and we heard stories of women and men and the family of a

markets asia and asian markets to escape the economic turmoil in the u.s. and in europe. and as russian officials turn a blind eye to complaints about pedophile assaults members of the public wants their own this is allowed to crack down on sexual predators. now we explore further america's financial troubles and how the debt deadlock in the u.s. congress has impacted around the world crosstalk is next here on our city.

america's crown as the world's biggest economy in less than four years with investors expected to turn to asian markets to skate the economic turmoil in the us and europe. causes russian officials to turn a blind eye to complaints about pedophile salts members of the public wants their own vigilante crackdown on sexual predators. but from our studios in central moscow you're watching archie with me and he's in our way at six pm here in the russian capital three pm in london the world when the violence continues in the u.k. as rioters devastate major cities from birmingham to liverpool the gangs car slid police torch cars and ransacked shops and a fourth night of on rast over the capital was kept relatively quiet by sixteen thousand police officers who are and that is following the story in london we saw the trouble in birmingham last night which we also had seen on the previous night manchester instils they told safer that up in quite a serious way as states a variety of sort of small towns in the surrounding area say this guy is now stretched out would still make a. it'll into really improbabl

asian investors are continuing to follow this move by the federal reserve. on the flip side, they remain stable with strong consumer demand and a consistent influx of investment and to the big question is if the market rallied, candies gains be sustained? there is a lot of uncertainty. the problems that brought markets down still persist. you have a weak growth and fears of a double-dip recession. you have the problems that could lead to a further contagion. the third highest levels of inflation which could push the central bank to tighten interest rates. this could put the growth rate and higher in china. parts will be decision to keep interest rates at a record low have much effect in the asian markets? or is this aimed at the domestic markets? >> this is aimed at the domestic markets and this is a positive sentiment for asia as well because this could lead to more investment inflows into the region and that was one of the main fears of the asian economies in the early port of 2011. there was huge inflows from the u.s. and europe and this was basically bri

it is great that there's so many asian candidates. >> to be exact there's a historical six asian americans running for san francisco mayor. five are current office holders. they participated in the debate tonight. the five are interim mayor ed lee, state senator leeland, david chu and jeff -- >> what are you going to look for when you go to the ballot box? >> i guess what they support and what they're here for. i have not looked at any of them yet yet. >>> a lot has changed since then. >> 1/3 of the city's population is asian americans. >> san francisco state political -- worked to register voters. he says interest in the mayor race in the asian community jumped after mayor lee. >> we have a community that was seen for many, many years as the sleeping dragon of san francisco politics. now suddenly in the last election cycle become really energized. >>> professor lee predicts a record turn out in november. he says it will help asian candidates because they can choose three candidates. reporting live in san francisco, amber lee, ktvu. >>> allegations of racism are being batted around city ha

treasury bonds many people are saying that they could start investing more in asian markets like india and china so many people over here are actually seeing all of this as an opportunity for that shift to really happen and for more of the international community to get on board and move away from the dollar as the reserve currency is to some sort of basket currency that could include a lot of the asian powerhouses like japan and china. produce three to four swallow there we spoke to martin headache and he's associate director of financial advisory group he told that he believes the financial one of already good. in many regards china has already overtaken clearly. the suppose at number one economy in the united states and that's when you're looking at the physical economy physical production there on the purchasing power just that basis because they're renminbi as undervalued and you need to reflect that when looking at economic size we have had a projection by standard and poor's made in the year two thousand and five there were six years before now where they actually projected all

it is great that there's so many asian candidates. >> to be exact there's a historical six asian americans running for san francisco mayor. five are current office holders. they participated in the debate tonight. the five are interim mayor ed lee, state senator leeland, david chu and jeff -- >> what are you going to look for when you go to the ballot box? >> i guess what they support and what they're here for. i have not looked at any of them yet yet. >>> a lot has changed since then. >> 1/3 of the city's population is asian americans. >> san francisco state political -- worked to register voters. he says interest in the mayor race in the asian community jumped after mayor lee. >> we have a community that was seen for many, many years as the sleeping dragon of san francisco politics. now suddenly in the last election cycle become really energized. >>> professor lee predicts a record turn out in november. he says it will help asian candidates because they can choose three candidates. reporting live in san francisco, amber lee, ktvu. >>> allegations of racism are being batted around city ha

. >> reporter: asian markets are reeling today. stocks plummeted over investors' fears about the weak global economy and the continuing massive sell-off on wall street. >> it's a complete meltdown like the or the financial tsunami. there is a complete loss of confidence. >> reporter: yesterday was simply brutal on wall street. the dow closed at its lowest level in ten months. the 634-point plunge was the sixth biggest drop ever and capped a 12-day sell-off that erased 15% from the dow. more than $2 trillion of stock market wealth wiped out over concerns about the ongoing debtw crisis in europe and now the u.s. credit downgrade by standard & poor's. >> right now there is no confidence. >> reporter: for the average investor that means $16,500 erased from their 401(k) plans. yesterday s&p downgraded fannie mae and freddie mac which means the cost of buying a home couldt increase by tens of t f dollars. the ripple effect from the u.s. rates on credit could mean cards and student loans. sparking concerns that if consumers have to pay mo

it's three pm in moscow this is r g coming to you live with me and he's in our way first this hour asian stocks plummeted on monday following a rocky trading session it comes after last week's route and it's on the back of america getting its credit rating cut as well as the euro zone stepped drain prius streeter reports from asians third largest economy india or synthroid a grim session. all the markets in asia have pretty much a fall in indian markets were down two percent today the markets in south korea japan china new zealand and australia all fell today this wasn't a huge shock to most people most people predicted that this stuff would fall and most of the markets have been tumbling for days now in reaction to the often peak write it down grade of the u.s. economy so not a huge surprise especially after the u.s. debt ceiling debate last week and the american dollar which has been tumbling for weeks now still all the markets are down here reacting very strongly we're hearing strong words from chinese political leaders as well one chinese newspaper actually said the u.s. government h

politicians here really thought that that was only an immediate reaction and that in the long term asian markets would rally however this is quite a surprise quite a shock to a lot of people here is an markets did fall friday today tokyo seoul and sydney all picked up on the mountings idea of what's happening over in the united states and in european countries regarding the euro zone a lot of this has to do with the news that came from work at the morgan stanley bank that the united states in the euro zone or that europe could be facing a double dip recession and we're seeing that anxiety sort of ripple over here in addition to that there's been a bunch of bad economic data coming out of the west u.s. jobless claims and a growing doubt that these european countries are really going to be able to handle what's happening with the eurozone you know asia obviously is very interested in what's going on in the west they hold three trillion dollars of united states debt so when things aren't going very well over there they're watching very closely so this isn't the news that obviously economist

the dollar as the reserve currency to some sort of basket currency that could include a lot of the asian powerhouses like japan and china who appreciated the record sport in new delhi well earlier we spoke to a martin headache a he's the associate director of financial advisory group he told us he believes the financial model of the study. in many regards china has already overtaken clearly. do you suppose that number one economy in the united states and that's when you're looking at the physical economy physical production they were on the purchasing power adjusted basis because their renminbi is undervalued and they need to reflect that when looking at economic sizes yes had a projection by standard and poor's made in the year two thousand and five there were six years before now where they actually projected all the major western governments were heading for junk status including france the u.s. germany and the u.k. and they started actually saying that the u.s. would lose their aaa rating stages in two thousand and sixteen so now we are actually five years ahead of that original proj

do asian markets to escape the economic turmoil in the us and europe. and north and south korea trade up to the disputed maritime border area was the scene of a deadly shelling last november when the tension between the two rivals significantly. next people of elam across here with you tonight exploring america's financial troubles and how the debt deadlock in the u.s. congress has impacted around the world.

asian stocks tumble as global markets reacting badly to america's gloomy economic outlook and the swelling of eurozone debt crisis that's getting consumer confidence. as former egyptian president hosni mubarak stands trial for mass killings for. those who fought for change are left jaded as violence at a rest continue on the military. and we take you to russia's far east where integration with neighboring china is marking alexander borders and that's it a russian close up at this hour. nine am here in the russian capital you're watching our team thanks for joining us now our top story asian stocks longs on friday following a day in the red for european and american markets investors are nervous over the prospect of a sharp slowdown in the u.s. economy as well as having the euro zone debt crisis on their minds the specialist who helps american firms forge international says the crisis shows that washington's not tuned in to the right signals. i can't speak for all the investors but certainly. looking at what happened in washington doesn't raise anybody's confidence that the politicians will

exploring the nature of asian american identity. it took more than a year to select the seven artists included in the show which aims to smash stereotypes and provide a provocative insights into the complexity of the asian-american experience. i went along to find out more. ♪ there are almost 40 million asian-americans in the u.s., everyone has a different story. these photos focus on kyoto. all the work focused on similar issues of identity and immigration, raising a complex question, what does it mean to be agent in america -- to be agent in america? >> is it something that i inherited? is this something i have to confront prue stereotypes? -- confront through stereotypes? >> all seven artists have different backgrounds, heritage, and life experiences. this artist was born in japan and her phone is described the clash of culture when she moved to new york. this artist is japanese and mexican parents use is a traditional japanese techniques. >> this painting is a knockoff of a famous american painting in which the artist has insert

watching r t with me and he said now it's two pm here in the russian counterpart oh we begin with asian stocks which plummeted on monday following a rocky trading session it comes after last week's route and is on the back of america getting its credit rating cut as well as the eurozone step that refuses to heal artie's proofreader joins us now from asia's third largest economy india. asia shares of course reacting strongly what are people saying about why specifically. that's right anything else all the markets in asia have pretty much a fall in indian markets were down to prevent the day the markets in health korea japan and china are you feeling. and off really off all fell today this wasn't a huge shock to most people most people predicted that the dog would fall most of the markets have been tumbling for days now in reaction to the afghan people write it down grade of the us economy so not a huge surprise is actually after the us debt ceiling debate last week and the american dollar which has been tumbling for weeks now so all the markets are down here asia is reacting very strongl

treasury bonds many people are saying that they could start investing more in asian markets like india and china so many people over here are actually seeing all of this as an opportunity for that shift to really happen and for more of the international community to get on board and move away from the dollar as the reserve currency into some sort of basket currency that could include a lot of the asian powerhouses like japan and china. well for more on the power transfer in the global economy we can cross live to martin who is associate director of financial advisory tice group limited joining us live in hong kong now what makes the i.m.f. think that china could leap frog the u.s. for years ahead of the initial predictions. i don't know which original prediction proved predictions he was referring to now you mean china overtaking the united states as the number one economy actually there are different projections let's say the i.m.f. is saying that china will overtake the u.s. by two thousand and sixteen you have the road economic forum that's an independent think tank based in new yor