not by a committee of bureaucrats in beijing. let me get david in on this. first of all, 8% f that is ultimately the number, how much of an impact is that going to have. and what does this mean for american businesses doing business in china? david? >> well, first, i think it could be 5% this area, not 3%. then again 5% every year for the next two or three years. and what it will mean is it will modestly increase the cost of chinese goods. it will raise the price of wal-mart. that will be bad for local americans. because there is no doubt china's disinflationary affect on prices has been very, very benign for americans with low income. and that's why wal-mart should be called china part. >> all right. dun, let me just get you in. what impact will this have for american businesses and for the american public? >> well, i think most important is it indicates that america and china are again trying to work together. there is a lot more we have in common with the chinese. and they with us. then in conflict. anything that improves our relationship, makes it tighte

actually have to start. >> what is the opinion in beijing? is president obama making progress in getting them on board? >> there is no indication coming from the chinese side but he would not expect that. what is interesting is that he did place this hour-long conversation to the chinese president. he made the call while on air force one. what we understand, what has been released, is that what president obama spoke about was the need for the two sides to work together to ensure that iran meets its u.n. obligations. president obama is saying to china that it is important that you are on the side of the rest of the security council working to stop iran developing nuclear weapons. and that you are not left isolated. that might be gaining some traction. china does not want to be left out and isolated. if push comes to shove, they will be on board. >> the u.s. is taking a new approach to airline security. they replaced rules that came into effect after the attempted bombing on christmas day. authorities will rely on intelligence based targeting.

but corruption here has met its match in this man, a national figure sent down from beijing to sort the place out. that is exactly what he is doing. the goal is -- he is a tough and ambitious characters, and he is communist aristocracy. but he is the new china. he said his son to oxford. >> only the people can decide whether my campaign against corruption and organized crime is a success. it is not whether i'm satisfied. the public has the final verdict. >> some people think he harbors further political ambitions. sometimes, the enthusiasm he generates can get a bit out of hand. he took of singing after he gave up his day job in a factory. but he stands accused of cutting corners in order to stamp out corruption. the defense lawyer for one of the main people on trial here, who has now been sentenced to death, claims his client was tortured. >> it has been very important for city officials to win this case, but we are worried because we have seen some serious violations of the legal process. before the trial, the only access i had with my client was under police supervision. >> this plac

think of the behavior of moscow and beijing towards international u.s.-led diplomacy on iran. and the tolerance of moscow and beijing towards russian and chinese business links with in this case iran. despite these challenges, there have been -- there has been progress. pakistan is, i think, no longer exporting enrichment technology or any other nuclear technology. of previous customers libya is disarmed though iran remains a problem, a big problem. but iran aside, gone are these days, this photograph, from the 1980s, 1985 to be precise. of the construction of a pakistani-designed enrichment plant in china. another item of progress. nor is china giving away nuclear weapon technology. the most egregious example of which is the gift of pakistan in 1982 of a bomb design and 50 kilograms of highly enriched uranium. that's enough for two atomic bombs with some left over. such a policy came from the very top. this 1988 photograph is of the grand old men of the chinese nuclear weapons program. along with a visiting dr. a. q. khan and his wife. i'll tell you the names later rather tha

that would require beijing and moscow about such a issues are on the table.right now, the only thing that is on the table or lectures on why they should agree with us on iran, even though we have threatened them with nothing and offer them nothing. the non-bargaining approach is an acute failure. >> whether we have talked about is the position that israel is in in this point. should netanyahu have, should he not have come? bearer's the question if -- there is the question over whether they will attack iran. is there a real risk? is a potentially even a justification for israel to attack iran in the next year or two years? that is despited will have huge consequences on the united states. >> i think there is an incredibly large justification. you have the country dedicated publicly to a second holocaust and they are working every day, effectively, without any serious world reaction to achieve the tools to create that holocaust. on the other hand, israel's military option is extremely difficult. it is israel that prevented saddam hussein from developing nuclear

in beijing, it's such an exciting city right now. the intellectual life is electric with people trying to figure out how they are going to manage this tremendous project forward. they are thinking the unthinkable. see, we seem to just be -- you tell me, ben, survivors don't do this. they -- we seem to just be holding on. just hold on. just hold on. don't let it collapse. hold on. survivors say, let the damn thing collapse. let's go. that's the exit. that's the way out. or that's the way to the future. we seem to be hanging on to stuff. does anybody survive just doing this? >> some people survive just doing that. but it's not a great strategy because -- what you need is, you need to take action and you need to have a plan a. and you need to have a plan b. so this applies when your 401(k) is crashing or you are behind on your mortgage. people who don't want to face reality, they do something known as milling in disaster situations, they look around and see, is anything bad happening? gather information. but they don't take action. what

of moscow and beijing towards russian and chinese business links within this case it ran. despite these challenges, there has been -- there has been progress. pakistan is i think no longer exporting enrichment technologies or any other nuclear technology. a previous customers, libya has disarmed, though iran remains a problem, a big goblin. but i ran aside, gone are these days, this photograph from the 1980's, 1985 to be precise. , of the pakistani design enrichment plant in china. another item of progress, nor is china giving away nuclear weapon technology, the most egregious example of which is the gift to pakistan in 1982 of a bomb designed and 50 kilograms of highly enriched uranium. that's enough for two atomic bombs with some left over. such a policy came from the very top. this 1988 photographs -- is that the grand old man of the chinese nuclear weapons programs along with the visiting dr. a.q. khan and his wife. i'll tell you the names later rather than attempt to pronounce chinese myself. if anybody is interested. another item of progress is the notion that nuclea

even as recently as last week in beijing you saw reports at the level of the politburo of criticism of president hu for the decision to attend is summit after what the chinese referred to as a period of deliberate humiliation by the united states. so it's very important to understand that... >> rose: deliberate humiliation has to do with taiwan and selling aircraft or the dalai lama or something else? >> those two things but it's also a general sort of climate in the relationship where from the chinese side the perception is that the habits of discourse by the united states is ordering the chinese to do things. cooperate on iran, fix your currency, tolerate the decisions we're making in areas that you regard as core national interests. and that really begins to great. one of the best-selling books last year was "china was s unhappy." >> rose: the title is "china is unhappy" >> yes. >> rose: and it was unhappy about the relationship with the united states and how they thought the united states viewed them? >> that's right. a general sense in china at the moment really that the country i

is using beijing as a scapegoat for the economic troubles. u.s.pressure the administration to get tougher with china, but currency analysts mark chance le doesn't see adjusting the yuan as the answer to the problem. >> if we slap a tax on chinese imports to the u.s. to compensate us for the unfair currency, who are we punishing? we are punishing gm, we are punishing apple and dell because they produce goods in china and export them. >> reporter: wolf, because u.s. companies take advantage of cheaper labor in china to make goods that are cheaper, a tariff would also mean u.s. consumers would pay more. wolf? >> good explanation. as i say, the stakes really are very significant for all of us. mary snow reporting. >>> the former federal reserve chairman alan greenspan testifying on the subprime housing crisis. wait until you hear how often he made the wrong move during his 21-year tenure. >>> and the government achknowledges it is trying to kill an american citizen. kill an american citizen seen as a terror suspect. we'll tell you who and why. stay wi

beijing had been seen on the final -- as the final holdout on the security council. mr. obama wants the matter settled within weeks. iran says that america's nuclear arsenal is the global threat. a war ofon move to the u.n. security council. >> joining me from the venue in washington is our correspondent. of course this is about security, but what about the question of iran? a slightly different interpretation. >> indeed. there are differences of opinion about what yesterday's meeting between president obama and the chinese president meant to. what both sides actually agree on. i think that what everyone can agree on is that there is movement, where in the last few months they stayed away from discussions about iran. we sell one of their officials participate in talks at the u.s. last week. there is a sign that there was some movement. china says that sanctions are not the answer, meaning that they will not back strong sanctions? something from washington that they can live with, because what they really want is unity at the security council. >> what about the wider purp

russia said that they would back you in rushes against iran, beijing says not so fast. there has been no movement in their position. they have agreed to discuss sanctions in principle. the road will be long and difficult. - [inaudible] -- to respond to the effort to step down. they met last night in the capital of bishkek. president bakiyev says that he will resign if his family and he can be guaranteed safety. >> it has been a critical week for the president of kyrgyzstan. he fled the capital last week and he emerged in his hometown to say that he is ready to stand down. >> under what conditions can i resign? i need to guarantee that our people will stop running kyrgyzstan. >> his list of guarantees also included guarantees of safety for his family and himself. the self-declared opposition government which had been offering him safe passage from kyrgyzstan in return for resignation has changed its rhetoric. >> if he does not show up, we will hold an operation to detain him. yesterday evening we abolished his community. now he can be detained. -- yesterday we abolished

treasury secretary tim geithner heads to beijing, china warns of the pit falls of a stronger yuan. >> in europe, ba confirms the merger of the biggest airline. >> and maybe the third time is a charm. us airways and united are reportedly in merger talks. >> hello. i'm christine tan in asia together with ross westgate and nicole lapin. it is 4:00 p.m. here in singapore. let's get a quick view of where asian markets are trading or have closed the session today. a bit of a correction going on, as you can see. some fears of high interest rates in the u.s. prompted profit taking. some investors cashed in on some of those efforts. the stronger yen is really hurting the exporters. the shanghai composite down 0.9%. the hang seng is off 0.3%. elsewhere, in south korea, the picture is looking brielter. the bombay sensex down 0.8% and the aussie market down 0.5%. i want to take a quick look at the thailand market. bear in mind, we have some protests going on in this particular market. the market is behaving a little better than what's going on politically. we don't have that chart for you, but th

when a look at that, i would conclude moscow's position is probably closer to us than beijing. that is something to think about. thank you. >> i would like to introduce sharon squassoni. she is the director and senior fellow for our proliferation program. she just joined us from carnegie. this is her first briefing here at csis. >> thank you. i guess i am the functioning specialist here. i will talk about the nuclear security summit that will take place in washington next sunday. andrew mention the three-prong agenda at the president obama laid out last april in prague. nuclear arms control, nonproliferation, and nuclear security. this april summit next week takes place a month before the review conference of the nuclear nonproliferation treaty. it happens every five years. president obama needs a big win. he needs something to gain more corp. and cooperation from other members of the treaty. i think the nuclear summit was designed with that in mind, having something that would be splashy, that would have style but also substance one month before this important review conferenc

of course he led the united states of america to gold over in beijing.ach in london in 2012. so much wanted to come back to give this duke program another moment like this. he often talked in the tournament when we were around him about how it felt different for him. a different perspesketive. now a grandfather of seven. this is an amazing night here in indianapolis. once again, duke and coach k are the gold standard of college basketball. nationwide insurance, talk to me. for once i'd just like to see my insurance bill get smaller. jen will switch to nationwide insurance if you create something that auto-magically scans her policy to find discounts she earns as her life changes. and you have five seconds. this could save me money, right ? oh yeah ! you can't do anything in five seconds. this is great. oh ! here we go ! rednif tnuocsid. love it ! discount finder. even better ! oh thanks. that's great. yeah. jim: it is hayward getting around zoubek. at midcourt launches the shot. it almost went in! almost went in! and duke is the king of the dance 2010. g

iran's top nuclear negotiator arrived in beijing today, amid reports china may drop its longstanding opposition to imposing more sanctions on iran. at a news conference, a chinese foreign ministry spokesman would neither confirm nor deny the reports. instead, he said his government wants iran to cooperate with the u.n.'s nuclear watchdog-- the international atomic energy agency. >> ( translated ): we oppose iran having nuclear weapons. at the same time, we believe as a sovereignty it has rights to use peaceful nuclear energy. but any country, even if they develop nuclear projects for peaceful purposes, they should accept the supervision of the i.a.e.a. so as to ensure the program is for a peaceful purpose. >> reporter: on tuesday, president obama and french president sarkozy met in washington and said they want the u.n. security council to act soon on new sanctions. >> my hope is that we are going to get this done this spring. so i'm not interested in waiting months for a sanctions regime to be in place. i'm interested in seeing that regime in place in weeks. >> reporter: a change in

the conditions are closer to us than our beijing. it is something to think about. i would like to introduce sharon squassoni -- >> i would like to introduce sharon squassoni. she has just joined us from carnegie. we're happy to have her. this is her first appearance at csis. >> thank you. i am the functional specialists here. i will talk a little bit about nuclear security -- the nuclear security summit that will take place in washington next monday. andrew mentioned the three- pronged agenda that president obama laid out last april in prague. nuclear arms control, disarmament, nonproliferation, and nuclear security. this summit next week takes place just one month before the review conference of the nuclear non-proliferation treaty which happens every five years. president obama needs a big win. he needs something to gain more cooperation and collaboration. i think the nuclear security summit was designed with that in mind. to get something that would be splashy and have style, but also have substance just one month before this important review conference. one is

it is -- that official in china jumped up and said if we learn how to wear our days well here in beijingthe time you get it in the west we will have peace. you know? that's what we were talking about. the simplicity and the complexity of a poem such as the haiku. tavis: i'm going to make room in just a few minutes for you to form a wonderful piece out of this book. before i do that, a couple of questions. we just lost a couple of days our dear sister, dr. dorothy height. you have a wonderful piece in this book that calls down the names of some great sisters. some now living and some gone. two members of my staff are related to evers. you have a piece about her. >> the freedom sister. they called me -- i don't know, a couple of years ago and said dear sister sonya, we would like for you to be one of our freedom sisters in the exhibit. i said what an honor. i said i can tell you 100 other women who could replace me and then there was this silence at their end and they said do you want it? i said yes, what an honor that would be because many of those sisters who are dead are the sisters tha

. >> tom: treasury secretary timothy geithner briefly met with his chinese counterpart in beijing today, but would only say the two exchanged views on u.s.-china economic relations and the global economy. >> susie: here are the stories in tonight's n.b.r. newswheel. strong retail sales helped wall street get back in the black. we'll have more on the retailers in just a moment. the dow rose 29.5 points, the nasdaq added 5.5, and the s&p 500 was up four. but trading volume backed off from yesterday. weekly jobless claims rose unexpectedly last week, jumping by 18,000 new claims. a labor department economist blamed the rise on seasonal factors like the easter holiday. meanwhile, mortgage rates continue to tick higher-- they're now at 5.21% on a 30- year fixed rate loan. the increase comes just one week after the fed stopped its purchases of mortgage-backed securities. still ahead-- popping up new opportunities. how business brokers are helping the unemployed become their own boss. >> tom: speaking of business trends, the nation's chain stores posted their biggest monthly sales gains on rec

they want their cup in beijing in shanghai and many other places so polo continues to penetrate on a very selective and elitist way. >>reporter: there's a good reason polo is known as the sport of kings and with a track record of some two millennia there seems little doubt, since the new kings and queens of the world's monied elites seem willing to pay to be part of it, that the game should continue to thrive for the next thousand. >>abirached: that's it for this week's world business. thanks for watching. we'll see you again at the same time next week.

geithner i think is in beijing tonight talking ant whether or not china is a currency manipulator. everyone is assuming china needs to take its currency higher to avoid the export deflation going on. well, chinese exports aren't the problem here. and what if it turns out that by having to nationalize lots and lots of real estate, bad debts, the r.m.b. is devalued? that's something... >> rose: the other way. >> exactly. that's something nobody's expecting because... particularly all the hot money going into china. keep in mind a lot of money going into china is chinese nationals outside the country in london, singapore, vancouver, san francisco. we're trying to get in on the bubble, too. >> rose: there's a lot of global capital that flows to where it think there is's opportunity. >> yes. >> rose: and the opportunity in the last, what, five years has been china and india. >> right. >> rose: emerging nations. >> right. >> rose: especially asia. >> yup. >> rose: so if there is a collapse, tell me what the collapse looks like and what does the impact say for the united states? >> well,

very short amount of time, would be to get russia and china obboard, and that would require telling beijing and moscow that such issues as trade and the access to u.s. markets, such issues as mold dove va or others are on the table. but as long as the only thing on the table are lectures from the united states as to why they should agree with us on iran even though we threaten them with nothing and offer them with nothing, that nonbargaining approach is a guaranteed failure. >> could you talk a little bit about the position that israel is in at this point. i mean, it seems like they're in a, kind of a very -- they're in a very difficult situation. should he have come, should they not have come? and also, the question of whether they will attack iran if the sanctions don't seem to be going anywhere. they've gone it before in the 70s. do you think that there is a real risk? and potentially even a justification, for israel to attack iran in the next year or two? and potentially having huge consequences on the united states. >> i think there's an incredibly large justification. i mean, here you

the carrier postponed today's sold out maiden flight between chicago and beijing. american blamed the delay on a disagreement with chinese aviation authorities. the airline wanted to land and takeoff in the early afternoon. instead, it was given overnight slots. american hopes to resolve things and is holding off launching the new service until at least may 4. customers are being offered full refunds. >> tom: more bad news for u.s. newspapers as readers keep heading to the internet. nationwide, weekly newspaper circulation fell nearly 9% over the last six months. but that's not as steep as the previous six months when it fell just over 10.5%. free news online is largely blamed for the decline. among the 25 biggest papers, just one gained readers: the wall street "journal's" circulation went up half of a percentage point. euu >> susie: with c.d.s and money market accounts paying little interest, more investors are turning to dividend paying stocks. but tax changes could make dividends less attractive. so says tonight's commentator, glenn hubbard. he's dean of columb

materially very little has changed for his black countrymen since beijing quist right to lead the white minority rule in the first space election. on and plan it is higher than ever. economic disparities have grown. the crime rate has soared, schools are crumbling and the farm land, the country's most valuable resource remains almost wholly owned by whites and just as it was during the days of apartheid. walk into any nice restaurant in k-town and see who sits and who serves, who drives their mercedes and who rides. the fleet of crowded buses that swarm johannesburg and cape town lake pingree buzzing bees. pool owns the house and who cleans it. mandela has come and gone from the main stage and voters are preparing to elect their third president enough to launch this is 2008 again. but the defining truth is laid of land now as always the darker your skin the poor do our. what good is a dummy prisoner of your jailer looks like cuba does not set you free? black south africans turned to one of their own to govern but wasted the opportunity to transform the values opposed on their country by

conclude that probably moscow's position on all three of those sets of issues are closer to us than are beijing. and maybe that's something to think about. thanks. >> with that i would like to introduce my colleague, sharon squassoni. sharon is the fellow for our proliferation council and this is her first briefing at csis. >> thanks, andrew. i guess i'm the functional specialist here. i'm going to talk a little bit about the nuclear security summit that will take place in washington next monday. andrew mentioned the sort of three pronged agenda that president obama laid out last april in prague. there's nuclear arms control and disarmament, nonproliferation. and nuclear security. this april summit next week takes place just a month before the review conference of the nuclear nonproliferation treaty. that happens every five years. president obama needs a big win. he needs something to gain more cooperation and collaboration from other members of the treaty. and so i think the nuclear security summit was designed with that in mind. to have something that would be splashy. that would have style b

china's foreign minister met today in beijing with iran's top nuclear negotiator. u.s. officials say the chinese have agreed to discuss a u.n. security council resolution on sanctions. the head of the drug enforcement administration says opium says sures in -- seizures in afghanistan soared last year because of better cooperation between afghan and international forces. also today, afghan president hamid karzai blamed officials from the u.n. and the european union for wide-spread fraud and last year's presidential election. the catholic church has come out swinging against allegations it tried to cover up crimes committed by priests against children. correspondent greg burke looks at the modern holy war from rome. >> reporter: the holiest week of the year on the christian calendar is a very intense one for po pope benedict xvi. he's under fire for mishandling two sex abuse cases, one when he was archdiocese in germany and the other was top aid to pope john paul ii at the vatican now. the church is firing back at the critics. american cardinal laveda, long-time aide to t

it was introduced after the beijing olympics after a girl lip synched. >> i remember that. yeah.t it. it would stop all of our artists from performing in this country >> there you go. >> viewers to show up our staffers for coming up with a better caption for the photo we put on the blog. tonight, president barack obama. the nuclear security summit in washington. we have two staff winners. gabe says ich bin haircut. release the kraken. it's better if you see a close upshot. >> not an attractive shot. >> not a great picture. >> whew! as long as it's you and not biden talking here. f bombs and nukes don't mix. >> we should show the pictures up closer. can't really see them. joining the live shot, let us know what you think about the picture controversy. up next, chelsea handler. >> this is a first census where gays can officially acknowledge their life partners. i think it's fantastic. what about the sad women who have cats. >> comedian and talk show host joins us, coming up. >>> she's funny, fareless and brutally honest, whether cracking jokes about celebrities or her life. she's l

tim geithner is coming back from beijing, but he ain't talking yet. probably a wise thing. is that bullish or bearish? >> i think it's bullish, because the alternative is armageddon. if they do not do a symbolic revaluation and getting that managed peg to creep up a bit, then we'll have chuck schumer and the rest of the protectionists in congress aided and abetted by our protectionist in chief, that will result in a war that -- so a little r & b valuation is way better than that. china's economy has the hottest inflation rate of any major economy in the world. the reason why is because they don't have independent monetary policy, but being pegged to the dollar they're pegged to our policy. that may make sense for a 10% unemployment rate, but it does not make sense for a 10% gdp growth rate, which you have in china. the only way to seize bay any independence is to start revalues the yuan. >> i think that's a brilliant point. >> that's a nobel prizewinning point. absolute brilliant point, that they are tied to our zero interest rate policy, which is completely inconsistent wi

celia hatten, cbs news, beijing. >>> many of the red shirt protestors are poor and come from the country'see the prime minister as a symbol of the elite and believe the government is out of touch with everyday citizens. >>> british primeminister gordon brown is caught on tape after he was caught insulting a grandmother on tape on the campaign trail. the 66-year-old woman confronted brown during a campaign spot. he spent nearly five minutes answering questions. and the microphone was still on as he drove away. >> whose idea was that? >> what did she say? >> everything. >> this is considered the biggest setback for brown. >>> a long-time comic panics about her next gig. mark steines has more from hollywood. >>> coming up on entertainment tonight, jake the bachelor gets the boot. now is a dancing favorite back? derek huff spills the beans in our daring interview. >> in touch dancing probe poses with pooches on stands friday. he's raising awareness for pet adoption. >> there's so many animals that need to be adopted out there. and it's up to us to do our part. >> derek and sister julian had ma

take a look at the equipment they laid out at a police convention in beijing.have scanners that can tell if a person is armed or if they're carrying counterfeit. >>> speaking of technology, not everyone is a fan of apple's any ipad. ice reel banned the new device saying it doesn't meet its wi-fi standards. customs agents have confiscated the ipad from travelers. >>> remember these amazing pictures, the night sky lit up by a meteor in the midwest last week. you can get an upclose look at pieces left behind. they're on display at university of wisconsin, madison. each piece is the size of a peanut. >> that's kind of cool. >> yeah. and, you know what we learned last week when the story came out is the immediatiors falling to earth, common, but usually -- meteors falling to either, common, but usually it's during the day, not at night. >> so will the rest of the week be a washout? gary is here with your full forecast. >>> new details in the case of cal penn robbed at gunpoint. we have the details, next. . >>> still ahead on fox5 news at 5:00, kris allen in town ton

. >>> the big three in beijing. why china means everything for american automakers. >>> and, later, it skips commercials but you might not want to skip the stock, tivo. up 200% since the bottom. it's in today's off the chart spotlight. we're back in two minutes. anncr vo: with the new geico glovebox app... anncr vo: ...you can get help with a flat tire... anncr vo: ...find a nearby tow truck or gas station... anncr vo: ...call emergency services... anncr vo: ...collect accident information. anncr vo: or just watch some fun videos. anncr vo: it's so easy, a caveman can do it. caveman: unbelievable... caveman: where's my coat? it was suede with the fringe. vo: download the glovebox app free at geico.com. >>> shares of merck on the rise today by 3%, almost 4%. merck says increased medicaid rebates and other consequences of reform will reduce revenue by about $170 million. it also says the unfavorable sales impact in 2011 will be 300, to $350 million. >>> all right, then the big three in beijing. why american automakers

. >> president hu, how's everything in beijing? >> gigantic and increasingly menacing. >> right. knew that. >> that's probably not what anybody said. but the president did cram in ten meetings of various lengths in two days, all heavily protocoled. equal time for india and pakistan, and the delicate dance of telling the leaders they would not be meeting the president but the vice president. diplomacy and protocol sometimes result in abnormal and sometimes funny human behavior. but the manic schedule of sit-down meetings, the entire errant prize of bringing 47 world leaders to the united states to try to build an international consensus on anything represents something big. and fundamentally different about this american government. in the old days, which in this case began in 2001 and officially ended on january 20th, 2009, in the old days we had a very different approach to international agreements of any kind. for example, in one week in july 2001, the bush administration abandoned the united nations draft accord that sets out ways to enforce the 1995 biological weapons convent

then treasury secretary geithner extended a trip to india to drop in on the vice premiere in beijing.ing china made clear it was now willing to address u.s. concerns on currency. a frequent guest on this show has called the u.s./china relationship a marriage of convenience. he says the two nations find theys in a marriage that neither can fully dissolve and neither fully wants. everybody always talks about the u.s. being literally indebted to china for hundreds of billions of dollars, that's true, but it's much more than that. it's a two-way street. we must not forget that china needs the united states, too. it needs america to keep buying, spending and borrowing, which keeps the dollar strong and the chinese economy strong. of course the balance of power has shifted in recent years, with the united states arguably needing china more than it did in the past and with china arguably needing the united states less than it did in the past. so why did the formerly crossed couple suddenly kiss and make up? perhaps, as was suggested to me, the quarrelling couple remembered even during such s

to beijing where residents are fed up with a stench emanating from area garbage dumps, deploying over cannons of deodor ant. strong enough for a landfill but ph balanced enough for a sensitive nasal cavity. a sweet smelling mist covers up the stink. after the garbage is febreezed, odor-eating sheets are brought in. love the smell of old spice in the morning. and this is all the brain child of workers at the landfill. they're already developing their next big idea, urinal cakes for the state house of arizona. >>> finally to lima in peru, folks doing hard time in prison are given an alternative to the usual lunchtime omage to "thriller," the first match, russia versus south africa. 216 prisoners representing 16 countries will eventually play. this gives new meaning to the instructions, go directly to jail, do not pass go, go directly to goal! what? the funny stupid thing proposed by western republicans this week. [ tires screech ] ♪ [ sighs ] ♪ that's two for doubting. [ chuckles ] you hit like my sister. really? i'd like to meet her. [ male announcer ] the volkswagen cc. award-winning

flags flew at half staff in beijing and silent tributes across the country.he quake struck the tibetan area a week ago. 175 people are still missing in the rubble. >>> it's been a rainy day today, but you are talking about a tornado? >> the same system that will come in here over the weekend, produced this tornado. this is out in texas and this is in the panhandle just west of amarillo. no one was hurt, no damage, but you can clearly see the funnel cloud down to the ground. okay, there you go. right there. this is north of i-40 and 15 miles west of amarillo. let's go to the graphics, because we talked about this last week. we average a thousand tornadoes a year. no state is immuned and most tornadoes occur in the month of may. 18% of all tornadoes occur in may. tornado seasons, well january through march is down to the south along the gulf coast. then it moves northward as we get into april, may, and june, and this is tornado ally and that tornado is right there. so that was right in the wheel house of the season. then it moves further north to get into late

married and subfolders doctor and she goes down to the secluded place two days and they spot her beijing, peeking under, kind of voyeuristic and then they come back and telling lies about her because she rejects them, doesn't want any part of these alders. so they lie about her being unfaithful, et cetera. she's ultimately revealed to be innocent, et cetera. the point of the story of judith and assist you in every religion, when old men make the rules, young women suffer. which is why i firmly believe that religion is so healthy and our societies now because women do have a voice. they have to be heard, they have to be heard. and in so much of the greater middle east, women don't have a voice unless it's heard screaming from a beating. so as far as being a pessimist goes, i'm really not. human beings have some pessimistic because an ugly world situation. are survivors. the cockroaches that have powers of speech, we manage to get through things somehow. but i think you make your way forward much more difficult when you lie, when you pretend that there are no bad human being, when you pret

cosmopolitan than it is today and when you speak of istanbul, nairobi, caracas, cities around the world, beijing, as populations expanded, as minor incremental movements in public health allowed population to explode, the countryside could no longer support them. they went to the cities where the streets were supposed to be paved with silver, if not gold. and they weren't. in the past, over the centuries, cities could accommodate and thrive on increments of population from the countryside. but the speed, even in the lower 48, with which americans from the south came into northern cities was incredibly destabilizing, because you can't accommodate the sudden flood. and so what happens when the country -- people come from the countryside, entire villages moving in some cases, the city isn't the answer, it doesn't have the great jobs for them yet. they have to walk by the shop windows, and the signs that others enjoy. they go into reaction. and they begin to try to impose the values of the countryside on the city. what we are seeing now in the islamist world, and we're seeing it there primarily beca

reportedly canceled his tour of asia because the chinese government blocked his concerts in shanghai and beijingicials haven't given an official reason but there is speculation the government was threatened by dylan's counterculture influence. his next tour date is may meant to allow people to post online reviews of your work but the site is getting some criticism because people can post anonymous comments and create a profile of someone else without telling them. >>> former british prime minister tony blair is apologizing for a false alarm. there was burnt toast at the home. he told the firefighters he was very embarrassed but thanked them for their quick response. >>> a bomb sniffing dog in afghanistan is getting a special award. chocolate the german shepherd found ten explosives in one day and is credited with saving the lives of nato troops and will be awarded the highest decoration a dog can get. >> three, two, one. boost for ignition. and liftoff of "discovery." >> the shuttle on the way to the international space station after a successful launch this morning from the kennedy space center

telling stories about the project of the beijing airport that has been done in a couple of years whilelondon people are still debating about the first architectural competition of a new airport, that has also to do with the fact that in china nobody has asked whether he wants to remove his house and how it should be done, it's simply dictated. so the competition with these forces is a tough one. >> don: who dominates in the future? what's the world going to look like in 2050? >> oh, that's an easy one. i don't know. >> rose: (laughs) >> i mean, i'm... i'm an optimist and i think... for me the crucial question is where will the free western world stand in 20 or 50 years? we will be still the most powerful model and will democracy and freedom be more widespread than today? take into account more than a third of the world's population is living under conditions that have nothing to do with freedom under totalitarian systems. >> rose: my imsuppression there's more democracy today than there was 20 years ago. >> there is the freedom house report and since decades they are analyzing the stat

in beijing today, a foreign ministry spokeswoman said sanctions aren't the only solution to iran's nuclear ambitions. >> (translated:) we always believe that dialogue and negotiation are the best way out of the issue. pressure and sanctions cannot fundamentally solve it. we believe relevant actions by the united nations should be conducive to ease the situation there and conducive to pushing forward a solution through dialogue and negotiation. >> brown: iran insists its enrichment activities are peaceful, but the obama administration is seeking tough sanctions to keep it from building nuclear weapons. iran was not invited to this week's summit. today in tehran, a foreign ministry spokesman said chinese-backing of a new round of sanctions was hardly assured. >> (translated:) we don't consider such statements as their approval and support of the u.s. authority's unjust measures, although we have repeatedly said that the issue of sanctions and going toward increasing sanctions is a logical and unfair and will not harm the iranian nation's will to achieve its rights. >> brown: it was also reve

i was there in beijing a couple of weeks ago and met with ambassador john huntsman. speaks full mandarin, which is a sight to see. it was during a period of intense relations in the u.s. and china over the president's meeting can the dalai lama. over arms sales to taiwan. the one area where there was optimism is the coming together on iran and i think we will see sanctions against the revolutionary guard which as we know runs the corporate entities, you know, airports terminals and so forth. and there will be sanctions, the chinese are going to come onboard. sanctions are one piece of a broader array of approach that you have to go after iran on. i think it is a step forward. it is an important step forward that you have china and russia onboard on this. >> chris: i didn't know you were just in china you can be our ambassador there even if if you don't speak fluent mandarin. >> not quite. why because the chinese have the important trade relationship with iran so they are not going to do something, why are they going to do something? >>> their argument was that other

is using beijing as a scapegoat for american economic troubles.the u.s. has too many problems of its own to interfere in how china chooses to do business. there are hopes that there could be narrowing of differences in this meeting this week, even narrowing of difference ns what to do with the chinese currency that certainly wouldn't solve all of the problems in this trade relationship but many say could help prevent a mass exodus of more factory jobs. >> still, this whole thing of china rising is going to be an issue for decades to come, when they are the economic powerhouse they are and when they own a substantial portion of your debt? >> absolutely right. >> the other fascinating thing, a year without china. a year without "made in china" tried to go a year without buying something that eventually led back to china. >> tomorrow, we are going to detail how the american consumer touches chinese manufacturing, the globalization miracle that has lowered so many prices for us but at the same time has also meant there are other challenges like almost