james hass, david merkel, david stuart. >> i am jim hass. in the many years i have been involved with civic center, the issue of student housing has come up often. there are institutions in the area that have students that need housing. because of the nation -- the nature of civic center, there are other institutions that have looked at this as a good place to put housing. there are major difficulties with this. i got was involved with it. at one point, i wrote an article which was published in "the business times," which i will give to your clark, that talks about this. it is a real problem, and it is not just the effect of students on the regular stock of housing. it is the effect of the students. i met a student who lived for a semester in his car because he could not find housing in the bernasl market. it was really tight. people are -- the people who are going to build this house in our private entities. the major universities can do it, but the smaller ones do not have the institutional resources to do it. you have to understand that.

disparaging comments about british prime minister david cameron, german chancellor angela merkel, and reports of russia's vladamir putin lavishing italy's prime minister with expensive gifts. >> in my conversations, at least one of my counterparts said to me, well, don't worry about it, you should see what we say about you. >> reporter: tonight, more cables released by wikileaks reveal that this year, south korean officials told the u.s. ambassador there that a new generation of chinese leaders would be comfortable with a reunified korea. but other cables reveal the chinese were as surprised as the u.s. was by north korea's recent nuclear advances and by their military steps. brian? >> as we stay, there's still more to come. andrea mitchell starting us off from washington tonight. andrea, thanks. >>> the release of these new secrets just this first new batch has badly damaged already the u.s. around the world. those who once confided in american diplomats can now read those secrets in the paper, as we just heard. while it strikes most people as wrong, the more interesting question is,

mean, one of the arguments coming out of the g-20 as both of you know, on the part of angela merkel and david was that, yes, in fact, you can do spending cuts and grow the economy at the same time. you don't to say we have to grow the economy first and then we'll get to austerity later. their argument is you can do both. >> but one of the things we tried to do is to protect what is a very fragile economic recovery. >> rose: the president's concerned about that, too. the federal reserve as well. >> everybody should be concerned about it. we don't have any cuts in wave the. we have only $69 billion worth of cuts in 2012. and a $14 billion economy: that's not going to have a big affect. but what it will do is send a signal to the markets that we're serious about deficit reduction. >> rose: what about private accounts on social security? what's your... >> you know, george bush went around the country on that and just like a hollow gong and he tried so hard and bob kerrey and i at one time proposed a little of that. we tried a lot of stuff. >> rose: when you sat about thinking about the things tha

dealing with these problems so to go back to the mission said to be at an angle or merkel it would be a sucker seat to be david cameron it would be the spanish prime minister etc etc who will have to deal with the current crisis certainly not somebody in the commission in brussels or in the hopes that you're involved with the e.u. international development fund how efficient is the distribution of what must be a sizeable amount of money we are focusing all the time on poverty alleviation that is wrought what we have to do is to do wealth creation if you're focusing on something called quality alleviation which means nothing it's a getting handouts if we think about wealth creation in reaction to. creating a self-sustaining because china for example has taken three hundred million people out by creating wealth out of a power trip india is going along nicely too but there are pockets of this happening in africa. the ease. of bigger all for the price free enterprise and so on and that's what we should be focusing on how to create wealth not how to really be a poverty creating we're. in there because the u.k. a lo

yet, lots of criticism when the president was in asia, particularly from angela merkel of germany, davidcameron, saying that it is bad policy. guest: these are countries that run trade surpluses that, in american jobs.ake when china says this is unfair currency in relation, it is more plausible. but the main reason for the policy is not to give us some fighting edge against the unfair trading policies of others. -- it is morelaughable. it is more about doing it in a way that does not increase the national debt and money supply. when you should look for our policy that can get us moving that are reversible. this is ultimately a reversible policy. you can buy these bonds now, get the economy moving, and when we have to worry about inflation -- and i look forward to that day -- you can sell these bonds and reduce the money supply. host: you talk about the commission recommendations. we do not have the specifics yet. but you say this plan is not workable. why? guest: really, there are two plans. one that the chairman released and we will see if the commission can get a plan together with 14

yet, lots of criticism when the president was in asia, particularly from angela merkel of germany, david cameron, saying that it is bad policy. guest: these are countries that run trade surpluses that, in american jobs.ake when china says this is unfair currency in relation, it is more plausible. but the main reason for the policy is not to give us some fighting edge against the unfair trading policies of others. -- it is morelaughable. it is more about doing it in a way that does not increase the national debt and money supply. when you should look for our policy that can get us moving that are reversible. this is ultimately a reversible policy. you can buy these bonds now, get the economy moving, and when we have to worry about inflation -- and i look forward to that day -- you can sell these bonds and reduce the money supply. host: you talk about the commission recommendations. we do not have the specifics yet. but you say this plan is not workable. why? guest: really, there are two plans. one that the chairman released, and we will see if the commission can get a plan together with 1

david cameron is known as jny little lips. johnny little lips. the president of iraq, mahmoud ahmadinejad is known as scruffy mcwindbreaker. chinese president hu jintao, they call him i.t. guy. [ laughter ] german chancellor angela merkelnershnizel. kim jong-il is known as the lady who owns the korean grocery store. indian prime minister manmohan singh had two nicknames. known as either marge simpson or papa smurf. and one -- venezuelan president hugo chavez also known as mr. smelly finger. so -- but hey, angry world leaders, you should all -- in our country nicknames are a sign of affection. what did your parents call you when you were growing up, guillermo? >> gardo. >> jimmy: that means fat. that's not necessarily something you want to be called. but you loved it, right, gourdo? >> yes. >> jimmy: meanwhile, a very dangerous criminal named willie nelson is in custody. 77-year-old willie nelson arrested on board his tour bus about 85 miles east of el paso, texas. here's a pop quiz you can take at home. what was willie nelson arrested for, a, tax evasion, b, possession of marijuana, c, public urination, d, possession of marijuana or e, b and d. b and d is the answer. he had -- allegedly had -- i personally don't -- i p