becoming a total quagmire and civil war and i think that china is very concerned about it india is very concerned about it the united states is probably going to work through china and through india to assert its influence and try to. get the best outcome all discussions with taliban is basically ceased from from what i can gather and because of the united states recognizes that there's there's no new. goshi asian because of the because taliban feels that it has the upper hand and it's holding on and it's continuing attacks along with the with what it's now doing to the i surf troops so i think that it's going to be realigned the united states is going to be relying more on working through its own proxies if you will india and china michael it with the scenario you just gave is a western military use of power in that scenario that you gave. i think more of intelligence more. arms per se probably equipment to help train probably working through the indians and and coordinating in somewhat with the chinese i think that for the united states. afghanistan is going to be important whether it

and think about how cheap natural gas could lower carbon emissions in china and india where they are ive coal fire plants a week. >> what really matters is what china and india does. and they want more energy and they want it cheaper. so what we have to make sure is that we focus on innovation to make green energy sources so cheap they will switch. we have shown the way through the fracing of gas, we have gone further, we need to make green energy even cheaper. once they become cheaper than fossil fuels, everyone will buy them. >> once there's a natural gas terminal up and running, they'll be able to ship to china and india for a good profit and create jobs here at home. we have showed you many different approaches to energy this in this hour, but we are saving the best for last. we'll show you what is the greenest, safest and most profitable form of energy. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alic

. >> why are china, india, pack tan, why are they where they are economically if they are on the cuspat's beginning not right in those countries that's going right here in the united states. >> well, pakistan does not have the moe men them of china and -- >> host: take brazil. >> guest: again, highly growing, evolved, but the thing that con trains growth in every country, and the simple -- you know, i go to places like the world bank, and if i'm invited to share thoughts with folks working on policy issues there and the united states government, and, you know, i can boil down policy recommendations to one thing, policy messages from the book favors incumbents less, economic incumbents favor incumbents less. pakistan had an era of dramatic growth. in the 196 # 0s, pakistan is carerra today. think about korea today, but in the 1960 #s, that was pakistan. people thought it would be a success. they were a huge ally of ours. you had open space, people rushing in to take advantage of a newly created country, a strange country, came over, partitioned, but that created economic opportunity. t

and think about how cheap natural gas could lower carbon emissions in china and india, where they areilding four coal-fired power plants a week with disastrous environmental effects, not to mention the thousands of people who die because of coal mining. >> what really matters is what china and india does. they want more energy and they want it cheaper. so what we have to make sure is that we focus on innovation to make green energy sources so cheap they will switch. we have shown the way through the fracing of gas, but we still need to move further. we need to make green energy, solar panels, wind turbines, even cheaper. once they become cheaper than fossil fulz, everyone will buy them. >> once the natural gas terminal is up and running, they'll be able to move energy to china and india for a good profit and create jobs here at home. we've shown you many different approaches to energy in this hour, but we're saving the best for last. next, we'll show you what is arguably the greenest, safest, and most profitable form of energy. this is something that tree huggers and ceos are both goi

and the opposite is true in china and india. both of which have economies that although in a slightly slower time frame now have an incredible eight years ahead of them as they rush to 2020. >> so scared, stressed and anxious. what is the impact of that on their spending levels? >> well, the most interesting thing is that they're not saving enough now for retirement. more than half of americans save less than 5% of their incomes. the magic number to achieve a stable retirement level is 15. and about 60% of chinese earning much less money than americans are saving 15% of their incomes. >> that's a great contrast as you say to the growth we're going to get in china and india. you're talking about maybe $10 trillion on goods and services. over what time scale is that and then how are you supposed to get into that market? >> so we've spent the last 18 months researching the $10 trillion price. and between now and 2020, both china and india will triple its consumer markets. consumer incomes in india will go from $1,000 per capita to

the double digit growth in china and india appears to be over for now -- the double-digit growth in china and india. the international monetary fund has cut its growth forecast for the global economy to just 3.3% for the current year. it believes economic activity will pick up slightly in 2013, expanding to 3.6%. germany's economy is set to grow less than 1%, both this year and next, but that still better than the prognosis for europe as a whole, which the imf believes will shrink before growing and in 2013. the imf says the recovery will continue in the eurozone, but not fast enough to counteract growing unemployment. >> reaching a balance between cutting spending and promoting growth is one of the key challenges in overcoming the eurozone crisis. >> one measure that more countries are warming to is a tax on bank transfers. >> but getting all the countries on board is proving to be a tough assignment with plenty of lively debate in luxembourg. >> the efforts of the french and german finance ministers have paid off. they have persuaded 900 -- nine other eu countries to join them in launch

. >> 80% or 90% of the active ingredients now come from india and china. india has also changed its patent laws, which is completely legitimate. but if they want to take advantage of these laws in other countries, they must respect them in their own. >> as long as there's a monopoly, prices will continue to be high -- generally far too high. we need to employ other research models here. and with these other research models it wouldn't be a problem if medications were produced around the world as generic drugs -- and not just as a pricy, exclusive product. >> it's up to the politicians to exercise greater control to ensure that good health care is affordable to all -- not only the rich. >> and now we introduce you to another no-fuss food treat from around the world. i must admit that so far they haven't just been tasty, some have also been a bit heavy on the calorie side. but with this week's focus on health we decided to be on the safe side with probably the healthiest global snack ever. here it goes. >> colombia's highway 45 runs between bogotÁ and santa marta.

uncertainties in their domestic economies and the policy response to a slowdown in economic growth in china india may well be similar to apologise policy response we see in the western world which is a loose monetary policy it's absolutely heard of in modern times these ultra loose monetary policies and the basic currency debasement are set to continue for the foreseeable future but in the western world and indeed in they may be seen in these developing markets and there you have a goal round up from mark byrne founder and executive director of gold core. all right let's wrap up with loose change let's talk about a market angle on the market for presidential debates because more than fifty eight million people tuned in for the first presidential debate it was last night as according to t.v. newser fox news was the most watched cable news network beat out both m s n b c and c.n.n. and the broadcast news networks now the cable news networks also brought in millions of viewers for their pre and post debate analysis let's just look at a round up. it was a pretty seventy two debate i don't know that w

brazil, russia, china, india, and south africa, also known as brics want developed nations to speed up their response to the economic slowdown. brics nns min sfers met ahead of friday's session of the international monetary fund. china's vice finance minister headed his country's delegation. the officials agreed problems in countries are having a severe impact on their own economies. the issues include uncertainties in the u.s. and europe's ongoing crisis. india's finance minister chaired the meeting. he urged advanced economies to put their house in order quickly so growth will be revived. brazil's finance minister said the brics meeting helped accelerate talks on setting up a new fund that could complement the existing international lending framework. china's deputy central bank governor also atemded the meeting. he denied speculation that the governor stayed away from the imf world bank conference because of the dispute with japan over the senkaku islands. >> translator: i think this is very normal. you look at what happened in 2008, i led the delegation when we attended the confere

china wages a little bit, and india raises ? >> the americas are rising, i think that united states will do well in the new global environment. >> how so. >> we have one thing that world needs that is consumer demand, world's largest consumer market. we could do very well in a troubled global environment. neil: the default victor? >> we will be, we may be poor but we'll be better relatively speaking. neil: what do you think? >> i hate to be skeptical gordon, i love your optimism. but but i am concerned, i thinkr stock market rallye is faked. the result of federal reserve pumping money it is a great debate to have i hope you are right but the jobs problem is not getting better, i believe. neil: but our hamburgers and pizzaa. >> condition argupizzaa. neil: can't argue with that. >> relax, not a fiscal cliff, new york times said more like a gentle slope. s of my aeptance speech. great! 's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good c

export that coal for remember that's only thermal coal for electricity to the big markets in china and india that's a big fight right now in the pacific northwest how much of the coal that we were we mined in the united states is exported. not much of the middle original product and not much of the thermal product but i mean what we're seeing me most of the metallurgical product we is exported and not that much thermal yet. but the big market if you look at the graphs until say twenty twenty five to maybe twenty thirty five the growth markets for both types of coal would be in china and india so the question is how strong and how sustainable will their economic growth right and and our and how long are we willing to be the mining that for the rest of the world given the the environmental costs associated with that exactly and and and and the safety issue has there been a you know since the upper big branch. disaster it's massey mine disaster has there been a move to make mining safer well financial resources which took over massey bought them in a seven plus billion dollar deal in two thousa

china is around 90th i think ian india is around 120th. they have demographic problems, extreme poverty, hopeless inequality, ecological problems. china's great manufacturing center, but it is action mostly in assembly plants. so would assembles parts and components, high-technology that comes from surrounding industrial centers like japan, taiwan, south korea, singapore, the united states, europe. basically, then assembles them. so say you buy one of these i- things, an ipad from china pretty the parts and components come from outside. the value-added in china is as minuscule. they will move up the technology ladder, but it is a hard climb. i think one should be skeptical about the corollary. there is another qualification that is more serious. the decline israel, but it is not new. it has been going on since 1945. in fact, it happened very quickly. in the late 1940's, darrius and event known here as the loss of china. china became independent. that is a loss of a huge piece of the grand area of asia. it became a major issue in american do

good volumes in india and china. big population growth and a middle classification of both countries. yet those were not stronger markets for you. >> they weren't stronger markets for a couple of reasons. india, they heavily subsidize fertilizer to farmers. they are reducing subsidies for farmers. prices are going to be higher. they have been subsidizing farmers for 15 years. they are making good returns in india. in china, slightly different story. they have built the inventories and they are able to ride that cushion and probably into the new fiscal year before they start buying. although india and china aren't buying we are seeing the emergence of malaysia and demand starting to grow and they are filling in the holes that are left by india and china. >> one of the reasons that the stock went down, they said that there were one time problems involving hurricane isaac and river volumes and some rock that needs to come from florida. you solved problems or they went away. and the set up of the stock being down doesn't

best example is india and china. india and china, two gate civilizations, developed completely separated divided by the high wall of the himalayas. now indian and chinese strategic planners have this new map of eastern eurasia where they compete with each other because chinese warplanes based in tibet now have the indian subcontinent as part of their arc of responsibility. indian satellites can spy on chinese military bases so the indian and chinese now have suddenly discovered this map of eurasia where their military interests overlap which didn't exist 50 years ago because the technology would not have allowed for it. so the world is flat is a true thesis up to a point. up to a point. mountain ranges, space, deserts still matter. >> rose: when you see countries that have historically been enemies of each other, is it most often explained by territorial ambition? geography or is it explained by, you know, the desire to have influence? >> when you look at the borders on the map, what the map defines as the human difference

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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 settlement of $100 million. to get

uses gold to buy other products around the world and continue to function in the economy with china, indiasouth korea and other countries not buying into the sanctions. thus they continue to grow and prosper and create a separate economy from the sanctions. we need to talk about this, expose it and figure out a way to impose harsher sanctions on iran. melissa: other than crossing turkey off our christmas card list, what can we do about this? >> i think it is more complicated than this. turkey is supposedly in a pry civil war against iran and syria supporting the opposition. either they're speaking the truth or openly lying and we could have a much stronger statement from the president. supposedly looking for regime change in syria. all the while turkey is funneling dollars to iran subverting american sanctions. one is a war of words. second, also other partners such as dubai supposedly an ally, just 100 miles across the sea from iran and shifting also some of that gold to them. so we have other players. india is an ally. other allies are suerting these sanctions through this new identityle

india. i wouldn't call it the new china because it's doing it a democracy, hard to do it with democracy, but takes good growth story. >> let's get over to india. joining us from new delhi, she's been looking at what mr. geithner has been saying. >> on the first day today, he met the finance minister as well as the rbe governor. both the u.s. and india are keen on trade. second was the reforms process that india has. geithner has given a thumbs up to the opening up of fti in retail and insurance sectors and has said it promises to be good for india's growth story going ahead. also tomorrow better ben bernanke will meet the governor and more discussions of qe-3 are likely. india has criticized qe-3 for smiking commodity prices. so that will be discussed tomorrow. back to you. >> thanks very much for that. stick around, because next we'll head out to athens where angela merkel is scheduled to meet her greek counter part. [ feedback ] attention, well, everyone. you can now try snapshot from progressive free for 30 days. just plug this into your car, and your good driving can save you up to 30%.

we are focusing on china, india, el salve dor and ethiopia. we have tremendous diversity. three times the rate of the national average of people born in the countries. >> i read somewhere it's 31%. 31% of montgomery county is filled from people from different counties and one in three speak more than one language. i see the diversity. it's amazing to watch. talk about the hands on activities. >> we are going to try on turbines, painting henna on your hands. chinese calligraphy and wrighting your name in chinese, playing with ethiopian toys. >> you are holding something there? >> this is a great activity. it's a passport available for kids and adults as they come to the festival. if you go you can get passports stamped that you visited. there's a scavenger hunt in here as well. pictures of items you will see in the tent. amazing artifacts, costumes, jewelry. you have to see if you can find them. the first to complete it will get a prize. >> mine has been stamped twice. >> bring it m. >> can i get mine stamped over and over to make it look like i have gone somewhere? >> they

china and india are racing to catch up. nasa is now free to focus on its new mission, reaching to mars. >> what i call a historical event in space flight. it marks the official start of commercial resupply missions by american companies operating out of u.s. space ports like the one right here in florida. >> reporter: nasa officials need to spend their limited funds carefully. he said americans need to nurture the next generation to keep their leadership and development of space. >>> some children wake up and cringe at the thought of heading to the schoolyard. they know that bullies are waiting for them. we have two reports on how schools in australia and the u.s. are handling the problem. >> reporter: this high school in australia has set up program to get students to confront the issue of bullying and look at the way to tackle it. >> what kind of characteristics might the person have that lead them to bully? >> sexuality. >> reporter: the professor is one of australia's leading authority on bullying. he's been invited to

they say the slowdown in china and india contributed to the downgrade. the growth estimate this year is 6.1%. that's down from the april assessment of 6.9%. the estimate for 2013 was also cut to 6.7%. that's down from 7.3%. the economist also warned of downside risks stemming from the territory disputes involving japan, china and south korea. >> if you look at the overall trade pictures, it's that significant at this moment. if it lasts longer, maybe. so i think we should avoid it that. >>> australia's trade deficit in august grew to the highest level in more than four years. the slowdown in china's economy is taking on a toll on australian exports of iron ore and coal. officials at the australian bureau of stamm sticks announced it rose to $2 billion. looking in detail, exports fell to about $25 billion. that's down around 12% from a year ago in australian dollar terms. imports stood at about $27 billion. that's up 6% from the previous year based on a similar australian dollar comparison. last month the australian government downgraded the estimates of