and brazil that stretched back to the 1930's. china and brazil share many economic and political opinions. they want the developing world to have a greater say in framing and regulating a new world financial system. china has been increasing its ties with south american nations as they scour the world for resources to feed their economy. they have a trade deficit with the brazilians. they sell china more than they buy from here. here in washington, policy makers have a couple of questions about the new brazilian government. first, is economics. will rousseff move to a more state-led economic policy? second is about diplomacy, how reliable a partner is brazil for the u.s.? under the president lula, they were warm but they cooled recently after brazil and attempted to befriend iran. the american delegation is being led by hillary clinton. >> india increasingly sees brazil as a useful ally to have on the world stage. historically, they have not had a lot to do with one another because of course geographically they are so far apart b

more than 230 people have been killed in flash floods and landslides in brazil. the river levels peaked in the third largest city. floodwaters have not reached the highs that officials had predicted. the brisbane river had peaked at 1 meter. the commercial area has been spared. 5000 homes are partially or totally flooded. dozens are missing. anna bly underlines the gravity of the situation. >> we cannot bring you that sound. matthew robertson lives on the banks of the brisbane river. he gave me an update of the situation. >> i will turn the camera around in the second. basically, the devastation, every few minutes there is debris that comes through. it is going by. the river levels have not reached the heights we were expecting. they are extremely high. i will turn the camera around. basically, as you can see there, the river is probably 4.5 meters. on this side, it is not lapping over. but see my can get your around the corner. there is destruction there. the office building where i work in the car park. businesses have been washed away. i talk to my other colle

i'm calling from americana in brazil and the situation here in brazil, as you have seen, is really sad. you see people dying. and the authorities are doing nothing to stop that. my area is not just rio de janeiro, but i see people dying every single day in my area and unfortunately, the authorities don't make nothing to stop them. >> i understand that many houses are built very close to mountains and that contributes to the problem. >> could you say that again? >> many houses are built very close to the mountains and the flooding comes from the mountains which contributes to the problem. >> definitely, because the people are just build the houses just close to the mountains. this doesn't happen in my area, but as you can see rio de janeiro, it is very common, people build the houses just close to the mountains and when the rain comes, the houses just fall down the it's very common here, unfortunately. and another thing that makes this much more serious is the people usually are throw away things on the river, like a sofa. you see people throwing things on the riv like a sofa and in my

." >> had enough for dear life, hundreds are dead in brazil. brisbane underwater, tens of thousands of australians see their homes in gold by the flooding there. tension builds in the to news that -- to news that -- tunisia capital. coming up later, the rising cost of food and fuel. we report from russia and indonesia on what is a global problem. >what is it like living in spac? italy's distant -- astronauts and the international space station. more than 400 people have died in the mudslides and floods in the southeast of brazil. thousands are homeless. the governor of rio the janeiro have blamed local authority. they have seen more than a month's rainfall in moat just 24 hours. the death toll is expected to rise. >> a. search -- struggle for survival. a woman is stranded in a hill town. a lifeline is the round. grasping her dog, she takes the plunge into the torrent of flood water. she taught herself to the rope and she cannot keep hold of the dog. she has the strength to clean, and she has pulled to safety. a rare tale of rescue. so intense w

you, take brazil for example. >> guest: when i arrived in brazil i was writing from the u.k. tiny little apartment with a refrigerator that was what the size. i could only fit like tiny little pints of milk. i arrived in brazil, my first expense going to supermarket was you could only buy things in enormous quantity. if i wanted -- ever had but essentially almost as grateful, the same with potatoes and onions. milk only came in these very large containers. the recent -- i did know that at the time, i was arriving in brazil soon after inflation had been more or less tamed. after years of early rap hyper inflating. hyperinflation it that people went and bought and spent their way the minute they got it because if they waited a day, you know, it would be worth half as much. so these enormous family shopping expeditions on payday. it is basically buy whatever, 100 oranges, 50 onions, five gallons of milk, and spend the entire wage. so that led these retailers and companies to package everything in enormous sizes. i went back to brazil years later, and you could see that as someth

and floods devastate entire towns and brazil, leaving people dead. and the vatican confirms that st. code is closer than ever for the late pope john paul ii. -- the vatican confirms that sainthood is closer than ever for the late pope john paul ii. >>> the president of tunisia has fled the country following another day of anti-government demonstrations. it barely leaves the nation after 23 years of authoritarian rule. the prime minister is taking over, but it remains unclear who was in control of the country and what role the army is playing in these unprecedented events in north africa. ben ali's departure came after anti-government protests threaten to spiral out of control in recent days. >> the protests grew in size and ferocity. demonstrators pressed for an end to the president ben ali's 23 years in power. then the prime minister appeared on state television to announce that he would take over as interim president until early elections are held. he said that president benli was temporarily unable to exercise his duties. having stepped aside, the

i mean, television was in the popular in brazil. there was only like a few hundred thousand tvs in brazil at the time comes of the commercial satellite wasn't yet available when he got big so he couldn't sell stuff to the world as david beckham can. some football games would have everybody pa outdoor products so he was worth much less and can see this not only in football, you can see this across sports, across entertainment, and just to go back to the retial hid versus williams comparison there is work done by an economist alex krueger of princeton who found their share of concert revenue taken by the top artists was growing immensely since a 20 years ago the share of the top 10% of artists was like 30% of all concert revenue. by the mid 2000 it was like 57%. so, this is a please migration of my spending on entered into the top act, and the reason i do it is because i can. right now that comes to me wherever i am in the world. host could you talk about the price of faith not so much about the fee to pay to belong to a religious gro

brazil's president has been brought down to earth by a natural disaster. a visit to the affected areas to reassure local authorities. >> we will work with the state governments in rebuilding efforts. the rebuilding is also used as an opportunity to prevent future disasters like this. >> the flimsy buildings purchased on the hillside did not stand a chance. more than 400 people have been killed. there are extraordinary tales of survival. of the woman stranded while her house collapsed around her. a lifeline is the wrong. -- piranha -- thrown. she takes the plunge. people plead with her to hold on. slowly, painfully slowly, she is pulled to safety. many others were not so lucky. some of those swept away may never be found. heavy rains are nothing new here, but the problem is made worse by overcrowding and illegal construction in the mountains. >> it is unstable, saturated by too much rain, too many people in housing that are built out of code. they are on hillsides. >> there has been some successes. a baby boy was found alive after 12 hours trapped under the

television wasn't that popular in bra brazil. commercial satellite wasn't available when he got big, so, you know, he couldn't sell stuff to the world like david beckham can. either football games where everybody watches or products, and so he was worth much less. you can see this not only in futbol, but across sports and entertainment, and just to go back to the radiohead and williams comparison, there's work done by an economiest at princeton who found the concert revenues by the top artist were growing immensely. they like 0 years ago -- 20 years ago the top 10% of artists was 30% of all concert revenue. by the mid-2000s, this share was 57%, so this is a clear migration of my spending on entertainment to the very top act, and the reason i do it is because i can. right now that comes to me wherever i am in the world. >> host: you talk at one point about the price of faith, not so much about the fees you pay to belong to a religious group, but about some of the economic implications of faith, and this is something, you know, i d

president -- across italy to denounce the decision of brazil's former president.is wanted in italy for four murders committed in the 1970's, a violent period known as the years of lead, when he belonged to an armed, far left group. a son of one of the victims and who himself was disabled in one of the shootings said that he would like to bring a few to do back to an italian prison. >> we are trying to achieve justice. we want batisti, a real criminal, to come back to italy and serve the punishment. >> batisti denies the crimes and says he is being politically persecuted in italy. he became a fugitive after escaping from prison in 1981. he lived in france for 26 years and was only arrested in brazil in 2007 after fleeing italian attempts to apprehend him. italy still wants his extradition, but his lawyers say they expected to be freed as soon as possible carried whether he has allowed the freedom to enjoy the political asylum granted by the brazilian government is now a judgment for the country's supreme court. >> you are watching "bbc news". let's bring you up-to-

last year, it was in pakistan, last week, australia, and now brazil, too.rible floods? and, is it just our imagination, or are there really getting worse than they ever were before? here's jeffrey kofman with our report. >> reporter: with her house collapsing around her in the raging flood waters rescuers threw a lifeline to this woman in the mountains in north brazil. she plunged into the surging waters. the hope held but she couldn't hold onto the dog. as neighbors urged her on she was raised to safety. not far away firefighters cheered as a baby boy was rescued from the mud. two bright moments in what has been a grim week of floods around the world. floods of, well biblical proportions. what is going on with all that water? the images of the flash floods in brazil are truly apocalyptic. at least 400 people are dead. the worst naturaldy aster in australia's history has left much of brisbane under water. in sri lanka, a million people are homeless because of floods. and in germany, a tanker loaded with sulfuric acid capsized today in a river, where unseaso

. >> batisti's case has risen into a fierce row between brazil and italy. protests have been held across italy to denounce the decision of brazil's former president not to hand him over. angry clouds -- angry crowds held banners and chanted outside the rome embassy, asking for extradition. he is wanted in italy for four murders committed in the 1970's, a violent time known as the years of lead, when he belonged to an arm of the island group. the son of one of the victims, who was himself disabled in the shooting, said he would press to bring the fugitive back to an italian prison. >> will fight to achieve justice. we want a real criminal to come back to italy and serve the punishment. >> batisti denies the crimes of which he is accused and says he is being politically persecuted in italy. he became a fugitive after escaping from an italian prison in 1981. he lived in freedom in france for 26 years. he was arrested in brazil in 2007 after fleeing italian attempts to apprehend him. italy still wants his extradition, but his lawyers say they expect him to be f

their family has traveled a lot they've lived in canada and in brazil but no where they say screws most recognized soul solemnly as it is back home definitely less capitalistic because christmas in the west today i believe is essentially buying gifts having a good time while in russia. it's becoming more and more spiritual thing russians believe you can start you festive dinner the food the first star appears in the night sky marking the birth of christ a strict diet food to doing no animal produce preparing yourself physically but a special event on christmas night vigils are held in thousands of churches across russia but the main service takes place here at christ the savior cathedral which is symbolic because just like christmas itself it saw a rebirth only after the collapse of the soviet union region is the opium of the people the communist leaders declared and leveled to the ground the country's main cathedral for many years there was a swimming pool on the site thousands of other churches felt a similar fleet today this child of emigrants is happy to be back in a country which h

only be back in brazil by the end of my career with the possibility of being a world cup. and after all we are many years over a season give me the motivation to come back with you but i want to return to the machinable team and keep my spot until the world. now a couple of local stars are leading the way goals johannesburg open south african marta mandates on tar and more top the leaderboard going into the second day they both carded a sixty two for their first round of one stroke lead but some big european players like darren clarke we're finding it a bit better. by the end of the day although to be fair he had his moments didn't he and the defending champion chelsea warsaw was also suffering but the odd glimpse of magic to his back in fortieth spot six shots off the pace much more solid was mandates he's never won a tour event but has started very well here is played two courses for the first couple of rounds and mandates was on the harder east course on the first day while still much driving more he was on the easier west course switching to boxing in britain there it

to the world at the twenty sixteen summer olympics in rio de janeiro brazil is are naturally the kings of this sport but russians are not too far behind and there isn't a football russia has been actively involved in beach soccer since one thousand nine hundred five so we caught some point early and have time to train players that could be competitive in european and global events i'm good began building the infrastructure. that's why beach football is one of the sports to to live russia to rank high and european and world competitions maxime is the president of f.c. city from st petersburg a club that's unique to russia in a few ways in terms of beach soccer they were the first ones to create a ladies' practice group along with a reserve squad for now the team success has been mostly local but it has and that has plans to make it to the top nationally and internationally as well as not having had the blog we made a thorough selection unveiled new players showed promise of a financial performance as a result of a new team and one missing petersburg championship we decided to transform

russia my question is will outperform brazil and as the global recovery spur as a fresher percent rally in the emerging markets index the cme but according to a forecast by banking major citigroup russia has been raised to overweight from neutral for the first time since october while brazil moved the other way citigroup signed their russian markets low price to earnings ratio as being particularly attractive while brazil is hampered by rising foreign costs and political uncertainty. let's hear a quick look at how the markets are performing so far i usually stocks are trading in the blood boosting your equity gains and portugal's successful bond auction wednesday japan's nikkei touched a new eight month high supported by an easing of european debt concerns and begins recent weakness against europe indexes now up point six percent with the top gainers being among banks and real estate hong kong shares extending their gains but stocks exposed to european markets such as h.s.b.c. and fashion retailer asprey being among the leaders. and here in russia the r.t.s. has started a strange obsess

we'll have the latest details. >>> plus, life-saving rescues in brazil. areas devastated by floodwaters. why all the rain this week? >>> and a computer goes up against "jeopardy"'s brightest brains. who do you think will win? brains. who do you think will win? >>> federal reserve chairman ben bernanke says he is more optimistic about the economy than he was just a few months ago. bernanke is now predicting the economy will grow as much as 4% this year. he also said there were signs the job market is improving, but it will still take a long time to bring down unemployment. >>> overseas markets are mixed to close out the week. tokyo's nikkei average fell 0.9%. hong kong's hang seng finished higher. in london the ftse opened slightly lower. on wall street the dow lost 20 points, the nasdaq ticked down 2 points. >>> well, postal rates are going up again this april. it actually won't cost you any more to send a letter. that will remain 44 cents but each ounce after the first one is rising from 17 cents to 20. >>> the government is testing a program that could

rebounding strongly from the financial crisis the growth was driven mainly by the bric countries brazil russia india and china analysts believe china will take over the global center of car production and the next five years we're predicting ridiculous amounts of growth in china it really is going to take over the century co-production in the world but also india brazil and russia will also play the part of growth with predicting that during the next five years over the next five years all the growth in production come from the bric countries and six percent coming from russia manufacturers continue to view russia as a particularly attractive market call want to ship a still relatively low compared to the developed markets in the west but the market has quickly been playing catch up and is now the second largest in europe and with its population advantage is slated to capture the top spot from germany within few years might in the question of business on. balance are busy.

of the precedents in the world which a number of other governments are very happy with including brazil potentially norway and mexico i will continue quoting the western media bed because this is that the side of the story that they have the world audience now is and what we're trying to do to give us is to give them the other the other side of the story so that the u.s. has support of gold an outcry in the u.s. over national security issues because b.p. is the fuel supplier for the american military edward markey u.s. democratic congressman and natural resource committee member hold for the deal to be examined do you do you expect significant pressure from the united states concerning the deal itself then the implementation of your plans. a few things i was in london friday evening for the sandwich signing ceremony conference and i think we saw come across the tape seen in the cia or one of the channels being shown at the time. this comment from congressman markey before we'd actually gone and signed and announced so i'm not sure i think he some of his staff probably had some informati

arab league syria algeria venezuela egypt oman cuba inspected two sites iran's allies turkey and brazil also did not take part while the u.s. was not invited russian foreign minister sergei lavrov said it such visits should not replace a visual inspection inspections that is or six party talks the west suspects iran is building a nuclear bomb iran insists on working on peaceful atomic energy ahead of crucial six party talks in its program iran is accused of trying to create a rift by inviting some to tourist facilities while clearly snubbing others but experts believe that any such attempts are doomed to failure. from ever there has been a start in negotiations or talks or whatever and it never worked out certainly there may be some people who thought that they could create a fish or or a rift but for now they never managed to really break up. plus one formula. the behavior of russia and china just shows once again that it doesn't work i think it's half expected such a reaction however the iranians wanted to show two things to their own domestic public that this we are ready to negotiat

states is a balance of trade but that's not the case at all when i'm in beijing and and when i'm in brazil they're talking about two things that have nothing to do with the trade balance or u.s. prices number one military spending for twenty years military spending accounted for the entire u.s. balance of payments deficit secondly capital flight american money managers are moving their money out of america they're jumping ship and they're moving it into the bric countries brazil russia india and china so this movement on capital account and on military account has nothing to do with with the trade account when it comes to the capital account the united states has told china we want to buy out your resources we want to buy your companies but we will not let you buy companies in the united states we're going to have a double standard we want to buy other countries and that's what's causing our capital outflow but you can't use your dollars for anything the united states treasury now owes four point five trillion dollars to foreign central banks with no visible means of paying because the u.s

brazil's finance minister is unfolding the world economy is deliberately weak in their current please trade surplus us on the back of the monitor speculations mr mum told the believes the war may turn into a trade war the russian public opinion research center asks such as what they prefer for the savings most respondents eighty eight percent stick to the russian ruble eleven percent prefer the u.s. dollar and another eight percent keep the savings in euros carlos a manipulation said to me on the g twenty edge into this year. ok gentlemen michael and daniel before the break they got into a little brouhaha about ideology but i'm going to martin here you live in hong kong i'm part of china i live in russia here and one of them. refreshing things about living and watching the economy develop in russia is that it is not ideological it all it is an intensely pragmatic they make mistakes they still have big problems but there's no there's no model to do saying but according to this theory in this book you know they really don't i mean in the end it is trial and error at times but they get i

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only be back in brazil by the end of my career with the possibility of. games and after many years although give me the motivation to come back which of us i want to return to national team keep my spot until the world. cup but now intel is russia has fallen short of the sydney international final the twenty one year old stopped in the semifinals by veteran kim clijsters who will play china's now lady for the title clayburn of a day started really well staying on top of the belgian and taking the first set six four. this is an example of why. she really was on top of the game to start with. but clijsters the third seed did respond taking the next set six three and the decider seven six the russian sending the ball wide clijsters plays an hour late in the final partial bits of. juvenile still. madre has washed out played the key on classic in melbourne for a second day running down paul was eventually stopping just before three thirty local time with all ghanaians as hopeful the match between you can melt and joe wolf held over from wednesday would take pl

being yet as he returns to play football in brazil. that stop there where the top five sides are in action tonight with the overall aid in the table at stake second place one god running behind the exact balls on goal difference at the start of besieging but have playing top spot now with no overtime win. could take that back they face after the beast a little late so well third place looking mighty by three down against sal about that in the second period there are only three points off the top selves but not against paedo in other games track down to one against atlanta and two results from tonight because nets lost that you grow slowly got a prize in. another news to members of suspended over allegations of corruption have appealed against their banned. from nigeria to marty from tahiti and members of his executive committee to take part in a vote who will host the twenty eighteen and twenty twenty world cup it's pretty damning with suspended three years over claims he intended to take bribes and return to his want to marty was give

brazil can do the drilling, taken by members, we'll get the oil. but no, the oil is for brazil. and brazil has our decide to sell some of the two chinese. so the question becomes right away, it's not that obama is against oil drilling, he's against oil drilling for us. but he supports oil drilling for them. the formerly colonized country. apparently what obama is doing very different than al gore, al gore wants everybody to stop drilling. you want everybody to use less carbon. but what obama do it is doing is in some sense he is trying to enrich the previously colonized country so they have greater access to a few energy and resources, while taxing or blocking the colonizers. he is transferring wealth in away from the west, from america, to the third world. so this is we distribution but it's different than most democrats. most democrats want to redistribute money in america, take from the rich and give to the poor. obama is promoting not just in america but global realignment, global redistribution. so that's a different approach and that is an approach very consistent with the

we want to change our tax and more brazil for the worse one. what do you think the most immediate investor reaction on the stock market on monday will be. the price on the. scalp in good company will be increasing area where we were very easy to focus. and now let's take a look at how the russian markets closed on friday and there was a slight correction crossed nafta was down point six percent in the session that's before the news broke on the deal with b.p. but overall the week was quite positive for that stock and for the market in general to my six game three point four percent and the r.t.s. around five percent making russia the best performing emerging market up to date. and that's all we have time for the headlines are next to stay with. us.