long beach, burbank. this is oakland and the whole built line railroad was redone. 19 is a pwa project and our great amphitheatres are from that time. this is santa barbara bowl. this is the forest theater in carmel and these are ccc workers putting huge bolder. here's 6 thousand people getting ready to enjoy oklahoma in that theater. big basin is a ccc project and this one, on the east river, new york. a project built where people from the lower east side could see performances and still do. our parks and recreation. almost all from them. that's the conservatory garden and i photographed that all the time. this is up at jeweliard park. i thought i would show you san francisco. i read they improved every park. i didn't believe this at first. this is the fly casting pools. here was a fly casting champion ship. here it is today. it's still in use. the stables out there. they are meant so the public would have the opportunity previously only available to the elite, as it so often the case, as is with golf. l

with archie for that and in other news coming from the form the head of russia's largest lenders burbank's says davos has been a great success for russian business but. these kinds of events are crucially important for a better understanding of russia by international investors because i think the key point the business audience took from yesterday's discussion of russia's investment climate is the personal commitment the prime minister has shown this is a very good example of how we can demonstrate our belief in our country and explain what steps were taking. the president of russia second largest bank of the t.v. says he expects net profit to grow by sixty percent this year on trade cost and that current market conditions can generate further growth and he gave our team more details in his exclusive interview. but we focus particularly. efficiency. and we have waiting for me. i mean business corporate business more efficient are definitely will develop with first months of business for. who will have a substantial growth for free to do this which is although it's also a hard margin busin

in the head of russia's largest lenders burbank has been a great success for russian business. these kinds of events crucially important for a better understanding of russia by international investors because i think the key point to business audience took from yesterday's discussion of russia's investment climate is the personal commitment deputy prime minister has shown this is a very good example of how we can demonstrate our belief in our country and explain what steps we're taking. in the president's second largest bank meeting the says he expects a net profit to grow by sixty percent this year and then of course in adds that current market conditions can generate further growth we gave our team more details we focus particularly. efficiency and we are planning to me. main business corporate business more efficient are definitely will develop with first months of business for that and will who will have a substantial growth off retail business which is all that also a high margin business. resellers optimistic about the minium demand this year pinning its hopes on china th

banking sector alpha buying has joined the list of suitors to take over the bank of moscow weil's burbank has reportedly reached an agreement to buy investment house troika dialogue that followed a law that says the potential consolidation as a sign russia's government is pushing harder to increase competition in the sector . given that we're discussing you know all the sick with potential deals assumes of the phone this is in the focus of the russian government and they think in my view these so the deficit just of the government is also interesting different ways to increase competition by the way the recent pool privatizers burbank and beach meet even you know where talking about let's say portfolio true today shows sales of my not just take this is still a very good sign for the market and good signs for the other banking marketplace is that the goal of this course is dr this scenario of declining and we do since presence on the benchmark. naca simmons expects salable products to come out of its investment in the russian silicon valley as coco within two years the global leader in mob

well pancakes and caviar was served at the annual burbank break first it's an annual gathering here in davos of the world's top bankers where of foreign investors and business leaders what's more sco still needs to do to transform itself into an international financial center the head of deutsche bank joseph ackerman said that was pretty much me that a country should be openly foreigners what they need to still do he told the story of how the some petersburg economic forum president medvedev gathered some of these top bankers from abroad and said that he fully backs them at the height of the financial crisis despite all the bank of bashing going on in the west they hear understand their importance to the world economy and to russia's development and also affirm that he would continue to support them through the crisis now if i can said many thought that the u.s. government was actually against them and still are to some extent and it was pretty surprising to see the president medvedev was so forthright in his backing of spain because there was then a public vote what is the single thin

single mother and came out on a prop plane that was supposed to get me to san francisco but got me to burbank, a little distance away, with a 4-year-old daughter. and i knew this was where i needed to be. coming and going was -- it was in my books. a move that permanently and thought of it -- my crazy husband, we took him back to the east coast. i shipped him to india and moved back out. i got a house at the panhandle of the park for $300 a month and have been here ever since. i think of it as the city, but the city to meet its most the people. very, very, very different kinds of people and poetry happening, all of the music and arts. it is just a wonder. you can never be board here. you can never not find out something. i am willing to jump into that and be of used to it. and most of all, to just serve poetry. i had a dream a week ago. it was shown to me that all the work ever written is -- we are writing on the same, one, big piece. and it does not matter where we stop, because it is like, oh, my god, i have to finish this section, this big piece. and it is happening. we're already on this

eleven among the other companies being mooted for the position are as near to russian railways as burbank those hydro and so i've come for in most cases the gun plans to retain a controlling stake at least in the initial stage however it instead is the need to be flexible and wish them a computer which we can go further and sell the controlling stake so in the majority of companies we can lower the state share to twenty five percent plus one this flexibility will be key to winning investors given the amount of deals expected outside russia and also within russia this year which will make for other tough competition the preservation programs which are going to be implemented in poland in turkey china is one of the biggest issue as an emerging market as we all know and also let's not forget the russian private sector which pre-crisis has been issuing twenty to twenty five billion dollars worth of paper a year although many questions still have no answers regarding this some vicious bridges ation one thing is for certain the desire to make it happen. business arcee . the past here was a game

continue although a short term correction could of course fall after the strong gains gas problems burbank are both bouncing back as are most of your chips this hour in more detail. eleven percent on the my six eleven half as garden braybrook offering to exchange their ten percent stakes in national telecommunications for shares in telecom and this merger deal the price of oil continues to advance helping producers like for snap among the top gainers free point three percent this hour also returned to pre-crisis levels and is now trading near historic highs on expectations the company will buy back up to six point two percent of its stock at around two hundred fifty dollars a share.

so expecting this trend to continue although short term correction could follow rules gazprom is burbank of both bouncing back after a sell off on tuesday in the most blue chips are rising take a look at that in more detail telecom has jumped over eleven percent on the my sex as a good letter goes and a raise broke offer to exchange that ten percent stakes in national telecommunications shares and the price of oil continues to advance helping producers rosneft is among the leaders and is gaining two point seven percent this elnora's nickel as we turned to pre-crisis.

the annual economic forum of the world leaders is underway and the head of russia's largest lenders burbank says dallas has been a great success for russian business. these kinds of events are crucially important for a better understanding of russia by international investors because i think the key point to business audience took from yesterday's discussion of russia's investment climate is the personal commitment deputy prime minister igor saval of has shown this is a very good example of how we can demonstrate our belief in our country and explain what steps we're taking. and in other news coming from the former russian authorities have approved pepsico three point eight billion dollar question of the countries day rejoined. internews pepsico c.e.o. says russia is the perfect platform for further global expansion. using women down i think we can expand into cia central and eastern europe because those markets can all be serviced out of wimbledon and russia we have to decide how to take the bill with our technology develop a whole range of products that we can sell in other parts of the w

see that gas from up three point seven percent at the close lukoil a bit weak point three seven and burbank is continuing its winning streak up two and a half percent in today's session. that's it for now join us in one hour's time headlines are next on. download the official tea up location on the phone the i pod touch from the stops to. watch on t.v. life on the go. video on demand on tease minefield comes and r.s.s. feeds now in the palm of your.

which of course foreign investors are very excited about the stakes in the likes of the two top banks burbank and v t v secondly is that the delegates here of the russian delegates have said all the right things they said that they're going to protect investments they're also going to move to a people based economy which considers knowledge and the scientific breakthrough that's a necessary in the economy and thirdly of course is the economic recovery of russia which is expected to be significantly better than those in the west countries like the european union and also the united states we expect more deals to be announced with the participation of russia over the coming three days that remain of this devil's twenty eleven world economic forum. correspondent daniel bushell given us a better feel of what the atmosphere is like at the end of the second day second at the markets now it starts with the united states and. things are looking pretty rosy yet full at the industry stocks are leading the way this is because caterpillar has reported fourth quarter profits quadruple and its shares are u

playing with a sector of russia's biggest banks burbank may announce a deal to buy the country's biggest investment house choice could dial up next month. real sighted on interfax they say that agreement has been reached but this still needs management approval. is going to be stock markets right now high corporate taxation will not more than half a percentage point of russia's economic growth this year that's according to the canonic minister who says that the effects of a thirty percent increase in surance payments would be felt for at least three years but. the move was necessary to make up for the deficit in the pension fund. fund the now the stock markets european stocks are mixed this hour dax is down as well to move stocks reversed against a tree. and b.m.w. are falling one point six two point three percent respectively footsie is up as north as both british bank stocks but possibly offset by gains for minor. russian indices. there's a sea of red and blue chips as investors are taking in profit is a correction after a few strong sessions in the beginning of the we have now bucking

leading to gains gas prom up three point seven percent lukoil a bit weaker though point four percent is burbank continued its winning streak it was up two and a half percent at the end of the session. that's it for now will be back in one eye was time bill is next with the headlines after this short break. download the official antti up location on the phone the i pod touch from the. jaunty life on the go. video on demand on t.v.'s mine old compass and r.s.s. feeds now in the palm of your. questions on the dot com. more news today violence is once again flared up the film these are the images the world has been seeing from the streets of canada. china corporations are on the day . to come. the. country's government. recognized its defeat. if cuba.

russia's biggest banks burbank may announce a deal to buy the country's biggest investment house troika dialog next month sources close to the general cited on interfax say an agreement has been reached but this still management revolves. around a look at the markets now european stocks are mixed the solve the debt has done is zero to go to stocks refers to early gains to trade lower shares dialer and b.m.w. of pulling one point six and two point four percent respectively you get footsies up the temple percent as losses for british bank stocks were partially offset by gains from minus the world bank of scotland is down from the point one percent and lloyds banking is dropping about four percent in the war is about future regulation of the september also followed a speech by the head of a commission set up to review the u.k. banking system has stressed the potential advantages of bring fancy the retail banking activity of big banks to prevent losses from their risk here it is. from the russian embassy as a low of the sol the r.t.s. is losing more than one sun to and the my six is droppin

continue although a short term correction of course could follow after these steady growth gas brahmans burbank bouncing back after a sell off on tuesday and most blue chips actually rise.

obvious the mice you can see that points to four point one seven percent for more details on stocks burbank shares are up one point four percent that's after the country's top lender saw twenty percent profit rise by fall and rushing accounting standards not to be confused with i have a recipe for b.c.b. is flat after aborting four fold increase in profits of the same standards the world continues to go down despite that russian balls are trying to push up energy stocks because up twenty two percent. in europe the footsie has slipped into the red after data showed an unexpected contraction in the u.k. economy in the fourth quarter last year siemens is up however after these results came in stronger than expected. russia's gross domestic product will grow faster than the global economy this year that's according to the international monetary fund expects the country's economy to expand four and a half to said slightly more than the previous walkout global economic growth of the expected to be four point four percent with europe's debt crisis remaining the prime concern. so we have time for r

the head of russia's largest lead this burbank says dabis has been a great success for russian business. these kinds of events crucially important for a better understanding of russia by international investors because i think the key point to business audience took from yesterday's discussion of russia's investment climate is the personal commitment deputy prime minister has shown this is a very good example of how we can demonstrate our belief in our country and explain what steps we're taking. let's now look at how the russian markets and the weak and they close on a negative note overall however the my six point seven percent lower with trade easy has bulls couldn't find new reasons for growth while the r.t.s. actually added but just a notch more detail on some of the stocks now edging shares were leading the form of my six investors were cautious as conoco phillips plans to sell the last two percent of its shares in. meanwhile the bank of moscow was very positive up eleven percent this is because the bank of moscow rules the president of the as head of its board and the say this ef

arabia and that it may raise crude output to satisfy rising demand for these are all stocks now as burbank shares were up almost two percent at the close of the my sex out of the country's top lead the sort of profit rise by old and russian accounting standards not the rest of the computer but bt be finished in the red as the second largest bag after recent gains helped by reports about a goofball increase in profits that didn't help as you can see that down point three percent will continue to go down in the spike that russian balls were trying to push up energy stocks quite successful with lukoil stock point. it. seems that global markets today are reversing with pretty good data from the from the u.k. they missed the g.d.p. numbers and with for example all the news out of l.a. meese raising the marginal metals trading in london here to the metals and with how the uncertainty in china potentially raising the rates pretty soon so the russian market basically was sold off from the morning peak. finally russia is resuming world supply stability for the first time since the beginning of the

and russia's biggest banks burbank may announce a deal to buy the country's biggest investment house troika dialog next month sources close to the deal summit on interfax say an increment has been reached but this still needs management approval. and a quick look at the markets now european stocks are mixed the solid the decks is down as to motive stocks were grossed early gains to trade lower shares and diana and b.m.w. are falling one point six and two point three percent respectively in case footsie is up point two percent as losses for british bank stocks were pashto offset by gains from minus. and the russian indices a low of the sour there are chances losing about one percent in the market said it was dropping point seven percent it's a sea of red as investors taking profits most of the blue chips are losing whenever each about one percent this hour bucking the trend is porter's gold up about one point seven percent and pulling much old point six percent on high gold prices. and russian energy chips that traded moderately negative with oil majors look oil and cross net both pro

more details on the stocks now as burbank shares are up almost two percent there after the country's top lender saw twenty percent profit right by gold and russian accounting standards wherever d.t.b. is up half a percent after reporting for fall in principle that's also a yes the oil continues to go down despite that russian balls are trying to push up energy stocks as you see there quite successful in doing so with the local stocks up one point two percent in europe u.k. as for to go slip into the red although it's almost completely recovered after data showed an expected contraction in the u.k. economy in the fourth quarter of last year siemens however is up after its results came in stronger than expected. and russia is resuming oil supplies to better research the first time since the beginning of the year as the parties finally settle the longstanding disagreement over prices under the newly signed contract well resold. an extra forty six dollars per ton of crude in return is receiving concessions on world duties and. russia's g.d.p. will grow faster than the global economy this

the head of russia's largest lenders burbank's says has been a great success for russian business. these kinds of events crucially important for a better understanding of russia by international investors because i think the key point of business audience took from yesterday's discussion of russia's investment climate is the personal commitment deputy prime minister has showed this is a very good example of how we can demonstrate our belief in our country and explain what steps we're taking. a look at the markets now starting with the united states where the commerce department said friday that the gross domestic product grew at an annual rate of three point two percent between october and december that's up from two point six percent a previous quarter but apparently it's not. as what investors actually expected european markets are down this hour seeing a domino effect largely unmoved and by of course the g.d.p. data is still depressed on the downgrade of japan's credit rating. to russia the markets closed on a negative note overall the my six hundred point seven percent lower wi

investors want to hear this morning we went to a breakfast organized by russia's biggest men this burbank where we saw the cream really of russian and world business i'm very very excited about russia very bullish very optimistic about its opportunities because of course it's doing a massive state sell off at the moment of more than thirty billion dollars of assets and foreign investors want to get a piece of that action and when it's combined with the potential of russia obviously the size of the country and its population and also the moves by the leaders to reassure foreign investors that they understand business and want foreign investment to transform the economy into a knowledge based people driven one then really that is what foreigners want to hear and from what i sense they really are convinced this time now to get more on this i'm joined by the chief operating officer of ernst and young for a thank you so much for joining us tell me how is the young adapting to the new world order with emerging markets coming to the fore emerging markets a very very important to us now you know

which of course foreign investors are very excited about the stakes in the likes of the two top banks burbank and v.t. be sickened lee is that the delegates here of the russian delegates have said all the right things they said that they're going to protect investments they're also going to move to a people based economy which considers knowledge and the the scientific breakthrough that's a necessary in the economy and thirdly of course is the economic recovery of russia which is expected to be significantly better than those in the west countries like the european union and also the united states behind me you may see there's a party going on all the all the success story of this forum is the chinese delegation is currently a chinese party with chinese waiters. chinese food being served really china and russia expected to drive growth over the coming years there have significant corals the reserves there their growth rates of g.d.p. all significantly outstripping the old world if you like and this has really been the breakthrough theme of the direst forum so far i'm afraid i have to shell be

than three percent three point seven percent is a bit weaker than the market up point seven cents burbank is continuing its winning streak of more than two percent. that's it for now we'll be back in one i was time see that. you are.

over three point eight percent look oil where we call them the market about point four percent as burbank continued its winning streak its shares were up more than two and a half percent. that's your business update for this hour you can find more stories on our web site archie dot com slash business. close our team has been to the country. to the land developed by cossacks in ancient times. now watty goes to the center of russian defense production. with christianity and shamanism existed side by side for centuries.

that's up to saudi arabia hinted it may raise crude but satisfied rising demand on the stocks is burbank shares were up one point eight five percent at the close in the my six of the country's top lenders saw twenty to profit rise five fold under russian accounting standards however the t.v. finished in the red after recent gains helped by reports about a four fold increase in its profits oil continues to go down despite that russian bulls were trying to push up a new stock's quite successful with lukoil that were up a point three percent. seems the global markets today are reversing with pretty ugly data from the from the u.k. that means that you need numbers and with for example all the news out of l.a. mees raising the margin on the metals trading along. with how the uncertainty in china potentially raising rates pretty soon so the russian market basically was sold off from the morning peak. and russia is resuming oil supplies to the first time since the beginning of the year not about expanding such a long standing disagreement over prices under the newly signed contract an extra for

gazprom ended the session three point seven percent up lukoil however was weaker point four percent burbank continued its winning streak up two and a half percent. that's over now and we'll be expecting president meeting with head of to start his keynote address don't miss it will be broadcast live on. download the official ante up location on the phone i pod touch from the i choose ops to. watch on t.v. life on the go. video on demand on t.v.'s mine old comes and r.s.s. feeds now in the palm of your. question on the t.v. dot com wealthy british style. is not on the typewriter. market finance scandal find out what.

secular closing values for some of the stocks and yes this burbank is actually up in the end of this session of around one in the office said these are wrong thing is i'm afraid to say the top lender saw twenty ten profit rise five fold in the russian accounting standards bt being finished at the session slightly down point three percent yet again this week is. correct a four fold increase in profits and the world continued to go down despite that russian bulls were trying to push up energy stocks lukoil was actually up just slightly around half a percent at the end of the session. seems that global markets today are reversing with pretty ugly data from the from the u.k. they missed the g.d.p. numbers and with for example all the news out of l.a. nice raising the margin on trading in london. and then certainty in china potentially raising rates pretty soon so the russian market basically was sold off from the morning peak. rush is resuming oil supply stability for the first time since the beginning of the year the politics finally settled a longstanding disagreement over prices under

when he finally got it to a tiny, tiny nonprofit publisher in burbank california called leo but rarely are, he finally whittled it down to about 1000 pages. i believe the deal for his novel took in 30 years to write was that they would print 1200 copies and then they would pay him 120 books to sell as he wished. well, with this, i have to give myself, my company a little plug because the woman who is in charge of book reviews for us, marilyn tells got her hands on it. and when she told me she was going to read a 900 page book about vietnam i thought okay. and as well, cecily hensley at barnes & noble got her hands on it and these two women champions this book and called work and intricate at globe atlantic. and the rest is history. it's gone on to be one of the fiction books of 2010. it is 180,000 copies and has been 150,000 electronic books. there's no way this would've happened without a publisher who knows booksellers, who knows the buyers, who can know the book reviewers and handed to them. i know it's special, but please read it anyway. it's an example of why -- why there was a lo