i mean the brics were a category that was created. by someone of the financial system because they had in common that they have high growth rates post breaks or the stock markets dynamism. but you can extend the category of the admin it's just actually adding on another group that have a similar characteristic at this particular time but that doesn't mean that the brics lost their. trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over many years and that affects everyone including the british. let's get a corporate talk about the father this week so little and. small. could be europe's if you know how the jewel screen with the traditional l.c.d. color display alongside tonic paper display on the system and so you. can do device on the inside itself a little in russia and several other european countries is right up prices around six hundred seventy five dollars a year

the singer also represents the automaker's highest market share in the bric nations at ten point nine percent and the automaker said it expects that to increase to more than eleven per cent depending on december sales. a spokesperson from the other pivot at the sales growth to the release of models taylor to foreign consumers. this past summer the korean stock market emerged as one of asia's most popular st stephen's into tears over the outlook for us monetary policy but sparked a major sell off by that upward trend is reversed in recent weeks he and his will. two months ago when korean stocks enjoyed their longest ever for and buying spree and had an eight month high. that's been hiking feeder to the timing of us panelists it brings and the investors seeking a safe haven to korea he considered it a more solid economy compared to other developing nations. we have recorded a trade surplus for the nineteen straight month in october. but it turns out that less nor more than a blip on the radar. in recent weeks the cost yet dropped by nearly five percent to a point lower than the beginnin

another group of imagine economy is at a set to take the global economy by storm the mint now the bric awaits knows where of course brazil russia india and china and then later joined by south africa the dream team to make it the brakes but embracing it is one of the countries have experienced disappointing growth and these countries now have some serious competition from mexico indonesia nigeria and yes the mint now i also break experts by guilds if he thinks the meant is the new brick. i mean the bricks were a category that was created. by someone of the financial system because they had in common that they have high growth rates post breaks or the stock markets dynamism. but you can extend the category of admin it's just actually adding on another group that have a similar characteristic at this particular time but that doesn't mean that the bricks lost their. trajectory in the world economy although they have all been showing signs of some weakness. in recent months because the global situation is not good and the crisis in the global system is continuing to work itself out over ma

the unit polar western europe and japan and then united states construct with the emergence of the brics countries which includes russia and south africa and brazil you know very key players and china by the way in india they have the potentiality for an alternate global currency wise there for an alternate world economy lines there certainly insulation for a number of countries that are just trying to protect their own economic sovereignty insulation from the kinds of sanctions and blackmail that the u.s. has continued to carry out against the country g.'s since they did to russia in one thousand nine hundred seventeen. and you see this replicated in the alba countries and cities like merkel of. china building a canal through nicaragua all these kinds of things that are moving economic power away from wall street in london and pick you off ukraine from russia which it's so closely linked historically but playing on the divisions of political divisions that exist within the contrie which is therefore today in order to sort of cripple the construction of this alternate project that that's

its imperial property russia china the brics construct other similar things here in the americas are cutting it on their business that's how they see it and they will do everything to stop that they're not above using terrorists ask anyone in that whole region and i again think this is a problem that the international community has to bring to the fore and settle finally down to bar antiwar activists live from new york thanks for that. will be closely following developments and we'll bring you all the latest details as and what we get them in this developing story you can also log on to our team dot com for a minute by minute timeline of today's events in volgograd. and look now at the week's top stories thousands gathered in turkey's capital ankara to demand the resignation of the country's government as after a violent dispersal of protesters in istanbul on friday night where police used tear gas and rubber bullets against crowds the rallies were sparked by a corruption probe that's led to a major cabinet reshuffle and arrest of government officials r.t. sarah firth has been follow

australia to settle their trade imbalances in their own currency so that news in the fall and we have the brics russia china brazil india south africa making a similar agreement that they will settle their trade imbalances between themselves in their own currencies so this means that the demand for doll as the as the world currency as a means of payment fogs and so in the current in market that should mean that the dollar's exchange rate falls relative to all the currencies. when all these mechanisms are already in place and while the use i would expect to see a lot of trouble for the value of the doll now that since united states is such an import dependent country. it means all the imports of things coming into the country which would then cost more so the inflation would be imported into the country for all the dollars loss of exchange value and so then the american people would be faced with an all or relatively high level of unemployment that they're experiencing and inflation and there's no real economic policy solution for that. now mr roberts we have to go to a quick break but please st

australia to settle their trade imbalances in their own currency so that new single ball and we have the brics russia china brazil india south africa making a similar agreement that they will settle their trade imbalances between themselves in their own currencies so this means that the demand for doll as a as the world currency as a means of payment fog's and so in the current in market that should mean that the dollar's exchange rate falls relative to all the currencies. when all these mechanisms are already in place and while the use i would expect to see a lot of trouble for the value of the doll now that since united states is such an important kind of country. it means all that imports of things coming into the country which would then cost more so the inflation would be imported into the country strongly in dollars loss of exchange value and so then the american people would be faced with an all or relatively high level of unemployment that they're experiencing and inflation and there's no real economic policy solution for that. now mr roberts i have to go to a quick break but please st

but ellison on bric countries are coming in and make a new data on domestic investments. i also see singapura to meet as it is maybe what you like to see the selfless impress us need to seal one domestic investors put any money in the country and that's happening big time in nigeria you know we've got it to a company called innocent manufacturing cars. almost more than fifty percent of the pots built in nigeria and that's an easy act to me let me just ask you go up about the business climate in nigeria the truck for the well backed a while then comes out with that set annually doing business report in that doing business report. nigeria is in spots one hundred forty seven ops of one hundred and eighteen on countries. doesn't that scare off potential investors reading i think if you look at many of the brakes step was the size i also know that not that great. some of them i wun mind that some of them i eat eat eat some of them get up at the top. but that doesn't mean that we do need to do that. of cos we'd like to do that to but we need to look at the spectacle that in thi

going up in the in the ease of doing business and is now the most it's the easiest place of all the brics the four big emerging markets to do business and the same with transparency international with the corruption perspective index of russia she improved in that since overtaken kazakhstan and ukraine. is still a big problem so we're going in the right direction it's interesting because you know it takes feeling nervous to put it that way to really get your act together and start working on these reforms because we've all pointed out over the last twelve thirteen years you know money kept coming in so and we can you can put off things and this is what we've been talking about on this program for every since we started doing on the money is that you know because if there isn't enough push initiative you can delay you can think about you can we plan now those that window is closing or even close. to get a lot of people watching this program or probably say look we've heard this all before and i would strongly emphasize the fact that we are talking about it as economists and the liberal fac

and how much is that bric-a-brac? but that's not all.me to santa fe. >> you've got your whole spectrum of new age crystal types seeking spiritual purity and intensity in the harsh, yet beautiful landscape. it's the last place in the u.s. you can wear buckskin and fringe without irony. while holding a buddhist blanket. there is, very deep inside this ordinary-looking five and dime, something truly authentic. >> hi. frito pie and a soda, please? >> this is the frito pie. as american as apple pie or the manhattan project and nearly as deadly. canned hormel chili and day-glo orange cheese-like substance dropped like a deuce, another roller in the night, right into a bag of fritos. >> it feels like you're holding warm crap in a bag. if you closed your eyes and i put this in your hand, you'd be very worried. closet mi pie. yet, it is also delicious. neither the frito nor the frito pie are indigenous to new mexico. they were actually texan. in new mexico you have many wonderful things. i think let texas have this one. i've managed to reach a de

we begin with the tragic and untimely death of fast furious star paul walker hit like a ton of bric bricksbelieve i was reading what i was reading only 40 years old. by know he was killed after attending an event for disaster relief organization reach out worldwide when the red porsche gt 3 that he was a passenger in slammed into a tree and lamp post disrupting into flames.

now they are a bric country. they've got lots of money.now they have the highest rate of increase of type 2 diabetes on the planet. now they are consuming their own sugar. where is diabetes the highest? the middle east, saudi arabia, qatar, uab, malaysia. why them? no alcohol. that's right. no alcohol. they have soft drinks like they are going out of style. why? it is hot. the water supply is a question mark. no alcohol. this is their reward. i'm going to tell you, alcohol is better than soft drinks. you know why? number one, it is way more fun. [laughter] number two, alcohol, for lack of a better word, is self limiting. you can only drink yourself under the table once a day. i have a little shot glass at home -- beat hangovers, stay drunk. the fact of the matter is, with soft drinks, you can keep doing it and doing it, and that is exactly what is going on in the middle east today. that is their reward. that is their oppression. this is an analysis called the epic interactive study from europe, and what it shows is that when you adjust for

. >> when i look at the bric countries, i would much rather own an etf in china because it will grown russia. >> russia is the "r" in bric. >>> after the break, the chief investment officer for a california teachers union how he's putting $170 billion to work. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ ♪ ♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. >>> welcome back. my next guest manages one of the largest pension funds in the world.

australia to settle their trade imbalances in their own currency so that new single ball and we have the brics you know russia china brazil india south africa making a similar agreement that they will settle their trade imbalances between themselves in their own currencies so this means that the demand for doll as a as the world currency as a means of payment fogs and so in the current sim market that should mean that the dollar's exchange rate falls relative to all the currencies. when all these mechanisms are already in place and while they use i would expect to see a long struggle for the value of the doll now that since united states is such an import dependent country. it means all the imports of things coming into the country would would then cost more so the inflation would be imported into the country for all the dollars loss of the change the value and so then the american people would be faced with an all or relatively high level no one moment that they're experiencing and inflation and there's no real economic policy solution for that. now mr roberts i have to go to a quick break bu

the accelerated pace of globalization, the emergence of bric countries transformed the status quo. european union rapidly opened up its doors to ex soviet members and sought to reunify europe by getting rid of the curtain seen by many as a scar tearing the continent apart. the european union grew bigger different ways, following the recent croatia now 28 stateare members. project the european was never -- meanwhile, we built a common currency, the euro. 17 countries adopted the currency. rapid enlargement in common currency, this was the gamble. europe would bet be reconciled and prosperous. peace, europeto succeeded this is a great achievement. think about the fact that this which saw france and germany waging war every 30 1870, 1914, 1939, is now peaceful. maybe you have read the very cameronpeech that david delivered a year ago -- 18 months ago. this speech was very interesting because the british prime gave the idea that europe had two main goals. achievement and prosperity. the conclusion of cameron is europe has been successful for peace but not for prosperity. this is exactl

brazil is the be brics. to introduce him is former brazil ambassador, u.s. ambassador to brazil, tony harrington, a longtime friend and chair of our brazil institute. before asking tony to introduce tom, let me applaud the efforts towashington and brasilia move past the snowden issues and to reschedule president rousseff visit for early next year. little bit about surveillance issues and i strongly disagree with what edward snowden did. nonetheless, i welcome the public debate about how we should restart, reset what we do on surveillance. the two largest economies and two largest democracies of the americas, the interest of the u.s. and brazil are more convergent and divergent in the realms of business, defense, science, education and culture. as tom shannon likes to say, the challenge for the u.s. and brazilian governments is to catch up and align their policies to this reality. that is why tom shannon is here today, to help us understand the hopefully hostis snowden era. i want to turn this over to brazil institute chair tony harrington. tony served as u.s