sao pao, brazil.ith its crowded boulevards and massive skyscrapers, it seemswealthy as any city in the world. sao paulo is unique among latin american cities. in the early part ofhe, when places like rio de janeiro copied traditional european styles of construction, sao paulo was following a distinctly american model of urbanism. imitating the forms of chicago and new york, sao paulo built upward, growing vertically very quickly. buin a huge ring around the centrality slies a very different, here, stretching foriles,uickly. is a city of self-built structures in various stages of completion. they line hillsides and rocky streets where some of sao paulo's newest immigrants struggo ild mes om brick and cen where some of sao paulo's alaide and her family came to sao paulo from northeastern brazil. ( alaide speaking portuguese ) translator: from there my father came first to work. came i as a maid,my motwas amsts narrator:alaide mar, they coun't afford even the cheapestenn thcity, so they decided to bui a

- this happened in brazil -- serena was in brazil and she did tweet out earlier, are there any brazilian bikinis to fit me? so she is making light of the fact she has a different body than other tennis players might have. it's one of those things where it's a very touchy subject to say, i'm looking like this, i'm looking like serena and she's an african-american, and you have people on line now jumping on the bandwagon and saying, that's being racist. >> it just sort of snowballs one after another and you believe it if it's tweeted or said enough. i am willing to bet there are thousands and thousands of women every day who go into the cosmetic surgeon and he says what kind of a rear do you want, and they say serena. >> the words, but she's got a big butt have never been uttered by a man. it's always, and she's got a big butt. >> serena got it naturally. thank you very much. appreciate it, sir. >>> the debate heats up over

brazil. madame president reminded that she is portable gary and for her this is sort of a trip a return to her slavic roots so sort of briefly today there's definitely lots to talk about or a lot of expectations from this meeting and of course we'll report about it as soon as it happens here in moscow later on friday. artie's your piece going to thank you very much for that update. for ages a mother international news in brief now susan rice has withdrawn her name from contention for the purpose of u.s. secretary of state she's been under fire from republicans off to her initial comments on the deadly raid on the american consulate in benghazi she claims it had not been a terror attack announcement make senator john kerry the front runner to replace hillary clinton when she steps down next year. tens of thousands of people have gathered in the streets and squares of north korea as a rally to celebrate winces successful rocket launch it was widely condemned around the world including by the un

in they seem vast natural resources how rapid economic growth will neither brazil russia were hit as hard by the economic crisis as the united states where the economy's been unstable we've seen the way offshore the european union where there is the debt crisis the eurozone crisis various austerity measures and saw russian brazil are also members of the alliance of giants of brics which also includes china india and south africa brazil is also russia's largest trade partner in south america currently the trade turnover stands at around six and a half billion u.s. dollars it's not that much compared to say russia's european partners but the two want to see this figure exceed ten billion two years there's great potential for that there's already working projects in the spheres of energy aviation car manufacturing and so on before coming to moscow from brazil madame president reminded that she supports both gary and for her this trip is sort of a return to her slavic roots it's also her birthday today so there are definitely great expectations from this trip and from this meeting and of

come back from brazil. hope you had a nice vacation.id when they leave their beagleusie home alone, they leave her in the living room when they realized she doesn't need a playmate. >> oh, no. >> she chases that ball all over the living room. >> looks like the dog has got a toy, like something on the floor. doesn't want to play with that. >> she's, you know, feeling the season. >> she's like, man, i love these toys that come out once a year. >> but sadly she loses control of the ball. >> where did it go? >> behind the couch where she can't get it. >> ruined. fun is over. >> she can get behind the house but can't seem to get the ornament back. >> and that solves the mystery why dogs bark and howl when they are home alone. >> in so many ways christmas is defined by the music of christmas. this one is called the season is upon us by drop kick murphy, a boston-based celtic punk band ♪ the season is upon us that time of year brand and eggnog ♪ ♪ plenty of cheer some families are messed up while others are fine ♪ ♪ if you think yours is crazy

same is the same is true and brazil. this country deals with gaps between the rich and poor, agriculture, and earthen industrialize an evolving in much the same way that we're going to have to on the global stage for a the problem has been solved and can be solved. >> host: good afternoon, we have a caller from new york city. >> caller: hello, i'm so happy you're taking my call. my question is this fiscal cliff that we are approaching. if president obama allows it to happen, what kind of catastrophe are you talking about? i'm kind of concerned? so negatively will this affect the industry? how bad will it really be out there on wall street and main street? >> guest: well, let's say there are a bunch of people where the congress is

there is parts of brazil. the factory that we have in brazil right now, continue to hire there.the markets are good, yes, we are in fact hiring. liz: i have to ask you as a crane manufacturer because it was such a big story here in new york area just two months ago we faced this horrible, you know, the hurricrane around the time of sandy because the high winds bent this gigantic crane on 57th street in midtown. how closely did you watch that? that wasn't one of your cranes, was it? >> no. it was not one of our cranes but we watched it very closely -- type of opportunities. for instance, some of the things that i've been seeing recently, i don't have a lot of information on sounds like they tried to do all the right things in pretty adverse situation which is a hurricane. there are other obviously cranes up in the air in new york city at the time that didn't have props. so i think the processes are good. i'm not sure what happened on that one but, yeah, we watch out if we -- that situation to improve it. we can help out. liz: getting taller and taller. and you make them beautiful

and they even had theories about... in brazil, through gilberto freyre, was called "racial democracy,ico, 1925, josé vasconcelos wrote a book called the cosmic race. >> hinojosa: that's right. >> and he said, "we are all the races," but he devalued the black element. he wanted the black element to disappear in a mestizanal kind of fantasy land. >> vasconcelos is in 1925, in his famous essay mestizaje, suggests that these other races e just a stepping stone for the stizo race to come and take over. the mestizos, in his view, are the ones that are going to bring together the... the differences of races and supersede them and are going to lead us to the future. but i... >> hinojosa: to a cosmic race. >> to a cosmic time... >> a new atlantis, and he even used the expression "new atlantis." but the problem with his theory, just as the problem with... >> oh, there are many problems with that theory. >> well, there is, but just as with... this one aspect is common with gilberto freyre, who wrote the masters and the slaves, 1933 in brazil and then the cubanidad, ortiz in cuba, 1940, was that

brazil and russia may be on the opposite sides of the planets but the two have more in common than it may seem a vast natural resources to help provide rapid economic growth neither brazil or russia have been hit as hard by the economic crisis as the us where we've seen massive layoffs and the economy's been unstable or the european union where there is the debt crisis the euro crisis and also a significant reduction of jobs in brazil and russia are also members of the alliance of giants which also includes china india and south africa i'm talking about bricks of course brazil is russia's largest trade partner in south america the trade turnover is currently standing at around six and a half billion u.s. dollars which isn't that much compared to. russia's european partners but that you want to see this figure exceed ten billion in the near future there's great potential for that sense other already various working projects in two years like energy. aviation car manufacturing and so on before coming to moscow madam president reminded that she's part gary and for her the strip a sort of

brazil and you'll get all those countries, we have to go look at china. we have to reach out to india. i went down to mexico on an economic development mission and was the first governor to go there in four years from any state. we're missing a tremendous opportunity. >> thank you. governor brown, i'm sure you know that on any given day, people from other states are knocking on doors of co's in the valley and trying to get them to expand in other states or move to other states. someone in this room may have engaged in that. >> they cannot all expand in california. we are try to help california. quex their offering tax breaks. >> we are not offering a break. >> not only you. what do you say to the ceo's? what are you trying to do it? what are two or three things you are doing to keep companies here? >> we take specifics. i met yesterday with the representative of nissan and they're very interested and supportive of the installation of high-speed chargers throughout california. we have a plan, criticized by some but nevertheless, well funded by a legal sett

he wouldn't be able to move around and explore brazil.y does is flaky finds shadows. >> basically pulls the vampire routine. flaky, if i have to say anything to you buddy, now is the season you should be around the snow and be around your snowball friends. come back from brazil. hope you had a nice vacation. come back. don't melt, flaky. >> don't melt! >> i'm about to show you two videos that geeks like me love. the first one, is pretty self-explanatory. ♪ >> know who that is? >> gandolph. >> on a unicycle, in portland, oregon. >> better be careful because his long flowy robe is getting caught in his unicycle wheel. >> who is this on a unicycle? it happens to be the unipiper well known. he has close to 6,000 likes on facebook. this fella is up for hob bit fan of the week on facebook. he wants people to vote for him. >> is there a competition or did he make it up? >> i don't know. >> guilty as charged. >> more geeky stuff. this time we go to a galaxy far far away. where is the dark stiff lord supposed to go to get his groove on. the golden

brazil is expecting a record coffee crop again, just one year after its biggest harvest ever. "that would be a fabulous production." jack scoville, a commodities broker in chicago, says the bumper crop is the direct result of more coffee farms planted in brazil when a series of small crops drove prices high a couple of years ago. "it's because new trees and new areas are coming on." falling futures aren't great for investors, but may have coffee consumers buzzing. "if it's premium coffee, i'll buy a pound of it." "the average cup of coffee will be cheaper in the grocery. whether independent coffee shops drop their prices from $5.00 to $4.50 for a latte, i can't predict that." "the folgers, hills brothers will get extremely competitive. if there's an advantage to being cheaper, they certainly will take it." but at starbucks, the world's largest coffee chain, a spokesman said there's been no company statement released about the brazilian crop and added: "coffee commodity prices are only one component in the equation." the chain is expanding. it plans to open 2400 starbucks in ch

brazil right now is actually nominally seven percent plus but if you take the currency piracy then it's around minus five percent russia russia is not that bad is that if we can see our graphics. graphics hopefully ok that that will be about eleven percent of the fed can cough right now but it's not that bad but still investors call the zero in the russian stock market a lost. here because nothing really happened you know what i mean i mean we've had plenty of news we've had the presidential elections most of us were anticipating we had was the right trial lines but they're all of that had very little effect on the russian stock market because the main driver investors were expecting was russia's huge vicious privatization program and that didn't happen the character lagged being delayed and only right and it just didn't happen and they expected the level it was what was very bank as people maybe megaphone but i think if there there was a lot of liquidity injected into the global economy from the u.s. and from the european central bank and it was all the really directed to the european

brazil that is a place where emerging markets have under performed. the hunt for yield is another part of the question. we had yields all around the world. shouldn't this be an equity catalyst where guys have to reach for a more aggressive asset class because bonds just aren't doing it? >> there is no question that brazil will be the leading anchor south american economy. i think we both know there are a couple of risks here. they have very little infrastructure. they are the sixth largest in gdp but are ranked about 14th in infrastructure. they are trying to rebuild this infrastructure right now. heading to the world cup and winter olympics. you have high crime rates, as well. i do think it is going to be a while until you see a more robust brazilian stock market recovery because of these things. i think that is hanging over brazil. and so i'm wary about that personally. i would say of all of the latin american countries this has the most potential. >> great to speak with you. >> great talking to you, as well. >> joining us from brazil. >> i bet he i

if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial analysts around the world that we surveyed as you say feel pretty good about the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively

large contracts of the sale of military technology the talks in new delhi come after the leader of brazil in another brics nations let's pretend moscow earlier this month. the united arab emirates is said to be close to ordering some six to call by the trans from the u.k. and may be getting a contingent of british troops to sweeten the deal british pm david cameron told soldiers that they may be headed to the gulf state as they pull out of afghanistan right scrapes and happy saying dealing with the emirates which is accused of mass torture of political dissidents and all the wrong messages but to political analyst patrick hamilton says it's all about iran. the justification for this massive build up in the middle east specially in the gulf states area the west is basically blaming iran saying that because iran is pursuing nucular and vicious though there's no proof of any nuclear weapons programs as such they're blaming iran for a possible nuclear arms race in the region that's a quote from david cameron only days ago so the in circle man of iran it's certainly a geopolitical scale number

more foreign direct investment in europe alone than all the brics together india china russia and brazil and if one talks about the chinese century let's just look at a couple of elections that just took place everybody followed the us elections it was a very tight race between president obama and mitt romney in france we had a new president elected and people followed that in russia there was an election but not much choice and in china there wasn't even the pretended they didn't pretend to elect a new leader they just put someone there and people don't want that people want democracy people want to say people want to play a role in their societies china does not offer that to them in the political sphere and therefore i believe for a long time coming there's not going to be a chinese century while alexander what about the middle class what it would be said about the middle class because that's the power of the west traditionally. yes i mean the middle class is very strong in the west pretty is the right there are problems we have a declining middle class that is something. we have to f

and the most equitable societies if you look at the distribution of income in china in russia in brazil you will see that the first the people at the very top they will get so much more of their share of national wealth than the rest of society that is not the case in the west yes we have a you know a number of rich people in the united states and in europe but by and large the middle class is the strongest in the west stronger than anywhere else pepe what about rising middle classes elsewhere. no. we have to qualify what alexander just said. the problem is inequality in. western countries starting with the west look i was before the u.s. election i did six thousand miles in six southwest states i saw poverty all over i lived in california twenty years ago i used to go to the southwest in years ago when you compare what's going on in parts of nevada in parts of utah and parts of colorado now days to twenty years ago you know it. is graphic anybody in europe is more complicated for instance i have lots of friends in spain my son lives in barcelona for that matter so i'm in close contact

brazil is a great place. the c.e.o.s in brazil are my friends, they're quite good. if you ask a c.e.o. of brazil how did you become so good he'd say because i was c.e.o. from 1990 to 1995, inflation was like 100% a day, i used to bring cash to the bank in a gym bag and i became better because of those years. >> rose: you learn lessons in hard times. >> so you may not like us but your c.e.o.s were better than they were in 2007 and 2008. number one. number two, humility ask better questions and listen harder. in retrospect if you look at the amount of leverage we added to the american system between the 1990s and 2000, the fact that we had a -- the global economy is $60 trillion, the market for credit default swaps was $65 trillion, unregulated, probably not the right way to go. we just -- as a system of which g.e. was a part we just didn't ask tough enough questions and we didn't push hard enough. and you know what? in financial services do i like everything that's happened from a financial standpoint? no, but we should keep our mouth shut and that's where we are. >>

caroline wozniacki in brazil stuffs her bra and her backside with towels, then she struts her stuff and later admitted this was an impersonation of her friend, serena williams. there you go. i want to make sure you see it. there is carlos diaz, though, from atlanta. so carlos, there is a lot of controversy over this. here's the thing. they're friends, right? why are people jumping to -- it very well could be racism, i don't know what's in her head. why do people automatically jump to that because a black woman is not the only person with big boobs and a big butt, kim kardashian, j-lo, and they're not black. >> i don't want to judge the people who are judging this, but i will say that if your argument is she's making fun of african-american women in general, serena's own sister venus is not built that way. basically caroline wozniacki are having fun with her friend. had she and serena williams are friends, and after the match, she had no problem saying, yeah, i was doing an impersonation of serena. often we'll have male tennis players impersonate other male tennis players with their serv

brazil, of course, hasn't always been brazil's capital. it used to be rio.s me to my question of the week. in what decade did the capital move to brazil. a, 1940s, the 1950s, c, the 1960s, or d, the 1970s. stay tuned and we'll tell you the answer. go to cnn.com sl/fareed and tak the gps challenge. you can download our show on itunes. this week's book of the week is david russell's "red ink." plead rise this short book so you know the actually facts about taxes. we wessel's book is about the budget and it's not boring. now for a last look. you may have read john keats ode to a war. you may have seen this. an owed to a well weather jacket. parka of kim jong-il was a tribute the old gray coat that the dear leader sport fefed forr a decade. how the par can tells a tearful emotion-charmed story. >> the parka, a symbol of kim jong-il's patriotism will be remembered forever by the corinne people.

. >> another huge party happens in brazil. every year we always see brazil and say, they know how to party. >> wouldn't it be nice to go to the beach -- >> especially right now. >> that would be lovely. where people, as you can see, dress up in white and the reason for white is that it's a symbol of peace and the idea of purity to have a peaceful, pure year. there you see somebody throwing flowers and they light candles and play tribute to the goddess of water and the beautiful fireworks and grand celebration in brazil. >> what is it about brazil that ringing in the new year is just such a fascinating, awesome thing to watch. >> they really get into the moment. something magnificent about seeing hundreds of thousands of people all dressed in white. just the spectacle of that. >> new year's in spain, it also has an interesting tradition. it involves grapes only because the grapes sitting right here. tell me about this. >> yes, all people in spain on the strike of midnight do the following, a great spanish tradition. what they d

. >> in brazil driver pulls up, parks his car, this is apparently right in front of a pharmacy.he driver gets out and runs inside the pharmacy with the intentions of robbing the pharmacy. except robber number two walks up and steals his getaway car. guys, it gets better. >> what? >> as he's standing there contemplating where his car went, a third man walks up and steals what he just stole from the pharmacy. >> you have to be kidding me. >> are you ready for it to get better? >> it's a joke now. >> the guy was indignant because his car was stolen so he goes to the police station. when he goes to the police station, the farmsipharmacist h robbed was there so they arrested him. >> i thought they acted it out. >> some say this might be fact because in brazil it's being played on a tv show that is very sensational. they are wondering whether this was all a big hoax. >> i have another video. this one is from livermore, california. the owner of this home had items stolen from her porch several nights. she was fed up so she set up a camera. this is what she caught. just as she suspected

>> interesting brazil has carved out the identity. they always have trouble making arrangements to do missions of brazil. they are more standoffish. because of geography in west africa over the force of a decade so brazil would not be cost file to the united states but it would be independent with its own point* of view. says that may lead to argentina and develop their balance against brazil. it is strategic about the united states has gotten since the cold wear to asia -- from the rise of the cold war. it has been over hyped but within ds 2012 it is the enormous development. of the indian policy establishment would reject it like a diseased germ. with india aware it is on the map with the economic and military rise is against china. we should not get concessions but anchorage development in a way that we can. >> with your presentation of your book with the u.s. and everything here is absolutely clear. speenine. [laughter] could you talk about israel? a country that exist? >> yes. russia and america to have complete the geographical

oscar niedermayer's spread across the country of brazil.legacy will go on long after his death. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ that was me... the d

he was asked to design the capitol building in brazil. the buildings he produced and became instant icons and an inspiration to the next generation of architects. >> he was an influence on my becoming an architect so long ago. and he was just incredibly creative until the end. his passion was architecture, but his passion was life. that is why he lived so long. >> the 1964 military coup in brazil led to the openly communist niemeyer leading to live in paris. he returned some years later and ensure the before his 90th birthday produced this. the museum of contemporary art. a spectacular masterpiece. oscar niemeyer never stopped working, were stopped believing that architecture could make the world a better place. which most would agree in his case, it did. >> finally tonight, this incredible new view of our planet. these images were captured by a nasa satellite traveling some 800 kilometers above earth. the satellite is usually used for looking at weather events. as you can see your, the cameras are also very good at capturing the lights o

composite is actually still trading in the negative territory it's like minus two percent yet today in brazil you have the best buy index is down five percent right times of russia is not that bad we can look at the graphics if we see the graphics the russian market is has posted eleven percent in the second right and we can see it in the second half of this year but analysts say that this year on the russian market was a last year because nothing really happened or what i mean i mean investors were very much looking forward to the end of the elections the presidential election and they needed to see some kind of stability message and that's all about politics and it didn't have a lot of effect on the stock market and what investors were looking for this russia's huge ambitious privatization programs and didn't just happen as being delayed and delayed for most of the time it was we can recall the bank asked that that's about it that's very much and but there was a lot of liquidity and you liquidity injected into the global economy from the u.s. from the european central bank and of course all

he was asked to design the capitol building in brazil. the buildings he produced and became instant icons and an inspiration to the next generation of architects. >> he was an influence on my becoming an architect so long ago. and he was just incredibly creative until the end. his passion was architecture, but his passion was life. that is why he lived so long. >> the 1964 military coup in brazil led to the openly communist niemeyer leading to live in paris. he returned some years later and ensure the before his 90th birthday produced this. the museum of contemporary art. a spectacular masterpiece. oscar niemeyer never stopped working, were stopped believing that architecture could make the world a better place. which most would agree in his case, it did. >> finally tonight, this incredible new view of our planet. these images were captured by a nasa satellite traveling some 800 kilometers above earth. the satellite is usually used for looking at weather events. as you can see your, the cameras are also very good at capturing the lights o

check out this glittering aquamarine, mained in brazil, 10,000 karats. this is the largest cut piece of aquamarine in the world. it is named after brazil's first two emperors. >> even a small sliver would look good on my finger. >> did you say aquamarine? >> it's a type of gem. >> that helps. thank you. >> rough crowd here tonight. >>> all right, 44 today. hard to believe we were in the 70s a couple of days ago. a little unsettled for the next three days. let's start with a live look outside, our live michael & son weather cam. temperatures in the 30s. 37 downtown. dew point still in the 20s. a little troubling, he is speblly if you're up into pennsylvania. we'll tell you why in a minute. winds out of the south at 7. pressure steady, 30.29 inches of mercury. here's the radar. you can see some precipitation in the form of rain in portions of west virginia and southwestern virginia, south of i-81. everything pork off to the east and north. some of the shower activity will get into the metro area by morning. in fact, 5:15 in the morning, you see this color

niemeyer was born in brazil in 1907.e began his career in the 1930s after graduating from a local university. he was one of the architects that designed the u.n. headquarters in new york, a project that began in 1947. in 1956, niemeyer created a series of landmark structures for brazil's new capital city of brasilia. these include the national congress, the presidential palace, the cathedral, and the contemporary art museum. the entire city of brasilia was later designated a unesco world heritage site. niemeyer was noted for his inventive curving designs. the architect continued working until his 100th birthday. he succumbed to a lung infection at a hospital in his home city of rio de janeiro on wednesday. >>> typhoon bopha is now moving off the philippines. meteorologist robert speta has been following the storm. robert, tell us the latest. >>> well, right now the storm is out over the south china sea, so good news here. the center of circulation continuing to meander off here towards the west, and it does look like it'

niemeyer was born in brazil in 1907.began his career in the 1930s after graduating from a local university. he was one of the architects that designed the u.n. headquarters in new york, a project that began in 1947. in 1956, niemeyer created a series of landmark structures for brazil's new capital city of brasilia. these include the national congress, the presidential palace, the cathedral and the neteroy contemporary art museum. the country of brasilia was later designated a unesco world heritage site. niemeyer was noted for inventive curving designs. the architect continued working until his 100th birthday. he succumbed to a lung infection at a hospital in his home of rio de janeiro on wednesday. >>> a large cargo ship has sunk off the netherlands after colliding with a container vessel. four crew members have been confirmed dead and seven others are missing. the accident occurred in the waters off rotterdam on wednesday night. the cargo ship had 24 crew members and was carrying a consignment of cars. dutch coast guard

or than 50% market share and brazil. we invest in 350 million new factories in china., i will go to africa where we open our first. lori: 100 million investments in africa. >> in africa, 1 billion people living there. the population of africa will double within the next 25 years. that is an important goal. africa has 60% of the world reserves in land. only 20% of the land is farmed. with the higher crop, that is financially viable. lori: the higher crop prices that former are receiving are actually using it for capital upgrades. >> yes. we already own, we call it, demo farm. it has about 30 people. we farm 250 acres. we basically invite customers to explain to them how modernized farming works. lori: because of the drought conditions, because of the overall economic challenges, the fiscal cliff, we have to talk about that, do you find that farmers are cutting back? >> it is just the opposite. they try to be more advanced in technology. you can do more intelligent farming. also in the case of bad weather conditions. lori: what is the greatest in farming equipment? >> it