she's been coming to davos for six years. you're a bit of a pro when it comes to working davos.ell me how that happens >> rania: a lot of the work is done just sitting in the cafeteria in the congress hall, just seeing people pass by and discussing things. >> pelley: the queen hangs out in the cafeteria? >> rania: i enjoy hanging out in the cafeteria. i'm going to do it this afternoon, actually. it's fun. >> pelley: and sure enough, that's where we found her, promoting her project-- to build classrooms for the 72 million kids in the world who have no school. the woman on the right is melinda gates, the richest woman on earth. imagine what that conversation is like. klaus schwab told us that davos is where melinda's husband, bill gates, first met the world health organization and got the idea to give away billions for immunizations. >> schwab: they became aware of the need to act, particularly in this field. scott, i have to rush down to... korean president. >> pelley: the korean president? busy, busy. >> schwab: i have to introduce him, so... >> pelley: off you go. >> schwab: se

we're not going to have a lot of meeting time at davos that didn't happen. so i think what we do see in china. david's very much right about this. they do not believe that the american model going forward is going to support them for lots of reasons. and as a consequence, they know they have to get themselves away from an export-driven economy. they are completely consistent on this. they're going to move very, very fast. 36%, 37% of the chinese economy is consumption. everybody said they want to move that to 50% within five years. that means the united states becomes less indispensable for china. >> the chinese market is vital importance to him and will continue to grow. >> if china revalued its currency, would it help the u.s. economy? >> anything would help presumably. and i've heard reports that they could revalue by 5% or so this year. that will certainly help. that will move in the right direction. but that would not be the only motive for china to do that. and not really driven right now by any sense of how this would play in the united states or with

middle-aged and up sitting in a podium in davos. what does this have to do with my world?the reality of my world that will drive the discussion of next year's davos more than state capitalism or whatever phrase we have. i'm afraid that we need to do -- we need to do something. doing nothing is not an hospitalization if you have 42% youth unemployment, it's not to protect what those who have. it's to create opportunities for those who have not yet. >> uh-huh. well, i think that's a good place to conclude our panel. i think that's a good summary that we have seen. i think we've agreed that we've seen -- in fact, we had a lot more agreement than i thought we would coming from such diverse perspectives. despite of the fact that we're all men. but i think, you know, that we've seen it -- market capitalism has done enormous good for the world and brought many people out of poverty. i think we pretty well agree that we're operating in a global world. i don't think there's anyone here moving to a more protectionist or a more state-centric model. that

eckart sager caught up with the greek finance minister in davos and began by asking what the countrycan do to stave off bankruptcy. >>papakonstantinou: it's not an easy task. and it's not a task that can be done overnight. we are now in the middle of the storm, however we've had a ccessful bond offering a few days ago, we went out for 3 to 5 billion euro, we've got an order book for 25 billion, ended up getting 8 of that. so, we believe that as soon as people see the implementation of the stability growth programme that we've tabled to the european commission, which has gotten good reviews and as soon as they see the budget being executed properly and as soon as they see that the tax reforms are actually being legislated then spreads will tighten, markets will relax and we will have the time to do these necessary reforms that this government is absolutely committed to. >>reporter: there is a lot of pressure on you right now and there has been a lot of rumours in the papers that potentially you need to look for european bailout. is a bailout inevitable you think or can you avoidit? >>: a

coming up next, from davos, a forum on the global industry outlook for 2010. after that, the latest on the situation and haiti. coming up at 11:00 p.m. eastern, david bossie. we will follow up with another chance to see gordon brown at the house of commons. >> booktv continues with how brands, and craig shirley on broad reagan. booktv is live in prime time starting tuesday night with contemporary authors and your phone calls. the entire schedule is that booktv.org. >> a look at financial-services and real-estate and media services. the discuss what is ahead as the world prepares from -- representative -- recovers from the global financial crisis. this is in davos, switzerland and is just over an hour. good afternoon. welcome. i am kevin steinberg, chief operating officer of the world economic forum. it is a pleasure to meet with all of you this afternoon together with this distinguished panel. the panel on my left represents the chair people of our governors meetings, private meetings that take place within the world economic forum by industry sector, which la

davos. my thanks to all of you very much.> president of the national congress of american indians, jefferson keel, give his annual state of the indian nations address. he called for more federal aid for reservations and greater authority for tried to use their lands. this is an hour. [speaking in native tongue] good morning, my name is jacqueline pata and amnesic it director of the national congress of american indians, the oldest and largest indian organization in the united states. welcome distinguished guests here in washington d.c. and those listening and watching across the country to the 2010 state of the indian nations address. i would like to thank native voice one and native american calling as well as the tribal and public radio stations across the country for airing today's address. with us today are some distinguished and honored guests, please allow me to introduce some of them. we have earthrise president, first vice president from the mission indians and ron allen from jamestown, the chairman of jamestown. bill

we had the president of greece on last week in davos.s telling us he's trying to get the deficit now at 13% of his country's gdp. he wants to get that deficit down to 3% of the country's gdp, in just two years. we heard president obama's budget yesterday talking about a deficit of some 10% of the overall gdp. these numbers are staggering. investors have figured out that debt is a bad thing. they're reacting to it. even if we don't see that -- >> you're darned if you do and darned if you don't. because when greece says we're going to reduce the amount of debt, what does that mean? that means deep aus stairity. that means people of the country suffer, recessions, they default on loans. >> if you want to stay in the debt, maria, you have to pay up for the insurance to insure the debt which is why we watch those cds swaps. they widened out dramatically. we have some of the bipg guest movers today, the usual suspects which you talked about. we included ireland on that list, and then the uk would be right under that. that's one of the big worr

'hillary rodham clinton's speech at the annual meeting of the world economic forum in davos' -- or davosi'm not sure how you pronounce it -- 'switzerland, february the 2nd, 1998' -- so it's not too long ago, about a year ago -- 'aside from the flaws in bell's argument' -- who's bell? >> guest: bell is daniel bell, and basically what hillary clinton is doing in that speech is repeating the argument that daniel bell made in the "cultural contradictions of capitalism." bell is a very prominent sociologist. and he was arguing there in -- in that book that over time, capitalism will destroy itself by undermining the puritan ethic that he argues is at the basis of that. and in -- in the chapter on play, which is the preceding chapter, i sort of take issue with that. c-span: well, you say here that -- and -- and a -- 'aside from the flaws in bell's own argument discussed in chapter 7 and the utter lack of empirical evidence that capitalism is languishing, there is something unseemly about a wealthy and powerful woman and former wal-mart director lecturing a selection of the world's wealthiest p

[applause] >>> some members of congress attended the annual world economic forum can davos switzerlandthey discussed the global implications of the obama administration's legislative agenda in areas such as health care, energy and the environment. this is about one hour. >> -- global perspective all the legislative agenda this year in the united states. as far as i know this is the only panel at davos this specifically focused on legislative agenda in any one country so for all the talk about the change in the world and no doubt it is changing there's still something specifically important about what happens in the united states and what happens in congress and of course when i used to live here in europe and before i draw those the international leisure of the afternoon is to ask me when do i get to vote in american elections and i used to always tell them that is fine with me i'm happy to have you vote but there's a number of county commissioners around the united states who might have a word or to say. i don't imagine that what happens in that at least you can vote at the end of the

>> maybe i will comment on that by sharing that within the community in davos, but spent time in theven months working on what we call the future vision about agriculture. part of that discussion this morning, we had a lively discussion that included the president and some critical ways from that was that the increasing productivity is very necessary but not sufficient purity also spoke about investment in the entire agricultural chain, particularly infrastructure. transportation, storage, getting even the basics of the roads and trucks and getting crops to market or getting them to the people that need to eat them. so the idea of not just productivity but things beyond increasing yields, such as the been reducing post harvest waste, which is something we could take on today. as we have heard in several sessions, the crops that are grown and are wasted or are left to its oil because there is not an investment infrastructure, because they don't have an ability to get to market, is as much as 20% in some areas. we talk about that in your country. investment to make more efficient use o

. >> welcome, prime minister, here in davos.we are very much looking forward to your speech and your sharing your plans and your ideas with us. and there are three particular reasons to be particularly interested in to your speech. soç first, prime minister stepn harper, you are the prime minister of a country which has a relatively very well weathered knowledge. yoha btaned o a t g-7 eit cntes t ecom csi thk uor gina od ame. ppus orsro tavi second, we welcome you as a representative of a country which traditionally has shown great international engagement, which has taken very seriously its internation reonsibiti. ju wt mti your ro iolme i ghisn, t fstorgn siyo made pme minisr, s t ahanist. i tnk you he bn tee tis t meante. sul a a sulcoen yo ptilayn your engent i hti tnkhi eagemenha ao owho mh uernay e aacdo os mataanas wche he toullln t wld at lt t tea,e lceouof cours ath air ofhe8, g20, and a very important summit will take place under your chairmanship, hosted by canada, and we are now very much looking forward to what you

those of us who were here in 12 months ago -- here in davos. i am not hearing that language here.on. that has been put aside or else the backlash and crisis of confidence will only deepen. Ñi>> have we gone too far in focusing on free market capitalism? are there other systems that need to be thought through? >> let me start by asking a very simple question. from what i am hearing, i don't think we are deciding whether it is capitalism versus another system. it is what kind of capitalist system we would like. having grown up in a region where 300 million people are disadvantaged because states relied on central planning an inefficient means of ascribing resources to projects or to endeavors, i cannot but be very strongly in favor of a capitalist model. however, we have certainly seen a crisis of regulation that has put us in these dire straits. fundamentally, it revolves around the accurate pricing of risk, and without the accurate pricing of risk, a lot of people made mistakes that they should not have. >> how we protect ourselves from this in the future? >> we must recognize tha

we spoke with the prime minister of greece last week in davos. and he's trying to get his deficit down from 13% of the gdp to 3% of the gdp. listen to what he had to say. i want to get your thoughts on how confident investors ought to be about this situation. here is the prime minister of greece. >> as our program, stability program and growth program is implemented and as the international markets and our partners in the european union see that we are determined, i think that will both cut the spreads, but also will make us much more -- make the whole world much more sure we're moving ahead in the right way. >> that is prime minister pepidreyo. >> would you put money to work in the euro zone right now? >> i'm not sure i would. the comments that we heard were -- i wouldn't say -- i would say they're more aspiration than credible. i think what you'll still face with greece is the reality that you're trying to cut spending at a time when the economy is weak, when there's a popular backlash against any kind of reigning in of spending because of the

the democratic party has shifted to what we call the party of davos to represent big financial interestsean: basically these companies offer big donations to political candidates of both parties, often times. and they get fringe benefits. part of the fringe benefits things go bad, they get bailed out? >> truly the party of incumbents. they want to support -- look the corporations'uzunget hit up for donations from the politicians and the politicians come back and say what can we do for you? >> sean: is it is the political system that is more corrupt? i believe capitalism works. capitalism is the answer they create the jobs. >> capitol hill is the problem not wall street. >> i think linked network between capitol hill and wall street. for example in the bailout we've had two trillion dollars of bail out to financial firms. bonus in 2006 was 70 billion dollars on transacts that went belly-up and had to be bailed out in 2008 in 2009, bonus pool is 70 billion dollars. you had taxpayer paying tacks to bail out firm no change in behavior, structure. >> sean: why should they? they got the govern

if we did a cloud analysis of discussions at davos this week, i think that no doubt copenhagen would very large, bold letters. while some have very strong views, so -- most people are still trying to figure out exactly what did happen in copenhagen and where we go from here, our topic this morning. this is by no means clear and there is by no means a consensus. those with a very positive interpretation of copenhagen will most often cite the fact that leaders in copenhagen, going into copenhagen, had to learn their brief, nations developed consensus on the seriousness of this issue, and it was the first international meeting based on the international consensus science, despite efforts of the climate doubters and deniers to undermine the science, and despite some of unhappy and sloppy science and science writing. the evidence is incontrovertible that the globe is warming and that man is largely responsible. there was consensus on the target, that we should shoot to have no higher than 82 degrees centigrade increase or 450 parts per million of carbon in the atmosphere, and should move

from davos, switzerland, this is an hour and a half. >> good morning. we're going to start nice and promptly. my name is martin wolf, i'm the financial times. i have had the pleasure of moderating this session on several occasions, and it's always been -- is that all right? it's always been very exciting and stimulating and pleasurable, at least for me. and we have a particularly remarkable panel, i think, today to discuss the issue which i'm sure is closest to most of your hearts which is are we out of a mess? and if we are, what follows? the situation is, obviously, very, very different from what it seemed to be a year ago and very, very much better. and we want to address not only these short-term questions of what might happen as we come out of the, out of the recession, but also we now have, i think, the opportunity to discuss some of the longer-term structural questions in the world economy, and we will address those as well. before i introduce the panel and the issues, i just, i have been to tell you, first of all, this session will go on until m

. >> i think by now everybody and davos has had their fill talking about making. i will make is one closing comment. at the heart of much of the debates around the future of the banking system and the regular free trademark and so on is a trade off between how safe do we want the banking system to be. so minimize the risk of another crisis versus how inefficient or ineffective we want it to be in supporting the real economy generating jobs and so on. there are many things we can do that pursue both objectives. we all want both objectives, but there are also some trade-offs between those two objectives. and we need to tease those out and understand those. and that is something that i think the bozzo community, other people is working on and is very engaging. but also thank you your comments, is isn't something that should be just result or thought about by democrats, bankers and so on. so the state is very whole is ridiculous we get it wrong, one way we run the risk of having another crisis. ever get it wrong the other way, we run the risk of starting the real econ

this was held in davos switzerland last month. an hour. ño'lp>> good morning, everybody. i want to welcome you to the discussao)hjz the global energy output. our topic is energy security, subject that has been great constant and changes as circumstances change. this is a subject we will explore this morning. at the same time, it continued in context. we will talk about the impact of the turbulence in the global economy, the recession, and the recovery and what that means for energy security and also what it means in terms of the energy outlook and how it has been changed. to address these questions this morning, we have a very distinguished panel, tony hayward, chief executive of bp, the president and ceo of saudi oil aramco, the chief executive officer of royal dutch. and thetx chairman of to tell. -- total.e it went to dive into it. i will ask some questions that each of our panelists to getting started. then i expect the discussions will carry itself. i would like to begin with the president. alan ask you come to the term "ene

i would say that is statistically relevant -- a statistically relevant of the view of davos i hope you will come paid to bond markets in the future. we have to look at new measures of taxation, a transaction taxes as well, try to pull in more resources from sectors which have to be responsible for this crisis. we have to strengthen the institutions, collective bargaining but also labor market interventions which are successful in distributing -- redistricting. that is part of the model of the last on20 years that has gone wrong. >> i would pick up what my neighbor just said to draw the attention to the fact that, if we want to create jobs as soon as possible, we need confidence. we need confidence in the household constituency, confidence in the entrepreneur constituencies, and also in the market constituency. and to get confidence, you have to be credible in having a path permitting it to be back to normal and to a sustainable position where as regards public finance. so i would recommend -- it depends on the country to country basis -- being able to as soon as possible to demonstrate

davos should serve as a thread for feedback on proposals that counsels are working under the framework of redesign. as we talked about climate change, let me deferred for a minute for those of you who may not watch this all in great detail and give you a little bit of definition so that some of the words or terms that may be unfamiliar we can all share. the operative words were to avoid dangerous anthropogenic interference in the climate system. quito who came -- that came five years after the convention was ratified by 180 some odd countries. the u.s. was the sixth country to ratify the basic climate treaty. kyoto was the first implementation protocol to the treaty. that was 1997. it was at kyoto that the distinction was developed between specifically what the responsibilities of developed countries were going to be, the so-called annex 1 countries and what developing countries, everybody else, should do, the so-called non-indexn-annex one countries. the initial purpose was to design a treaty in which nations could come together in agreement about what a global strategy should be, rel

i would say that is statistically relevant -- a statistically relevant of the view of davos i hope youaction taxes as well, try to pull in more resources from sectors which have to be responsible for this crisis. we have to strengthen the institutions, collective bargaining but also labor market interventions which are successful in distributing -- redistricting. that is part of the model of the last on20 years that has gone wrong. >> i would pick up what my neighbor just said to draw the attention to the fact that, if we want to create jobs as soon as possible, we need confidence. we need confidence in the household constituency, confidence in the entrepreneur constituencies, and also in the market constituency. and to get confidence, you have to be credible in having a path permitting it to be back to normal and to a sustainable position where as regards public finance. so i would recommend -- it depends on the country to country basis -- being able to as soon as possible to demonstrate they have a credible path towards the stable -- sustainable position is essential for confidence d

we've only heard very briefly at davos he's been under criticism for not coming out sooner. >>> a powerful winter storm making its way east. new york, philadelphia, washington, could get hit with up to or more than a foot of snow. making your evening commute downright dangerous. and there could be major delays at airports all weekend. reynolds wolf is live in al alexandr alexandria, virginia, and rob marciano is live in the cnn weather xercenter. let's start with rob. hi, rob. >> this storm is happening, the second of the season. the first one coming the third week of december, a record breaker there, this one could be another record breaker. let's go to the maps. it's starting with heavy rain across the south, even severe weather across the gulf states. a lot of moisture with this. just like the last time, it's heading into cold air north of the north carolina/virginia border. there you see it's turning into snow at times it will switch over to sleet but for the most part it will stay all snow as we go through the next 24 hours. look at all the watches and warnings posted. everything in r

>> maybe i will comment on that with showing that there has been a community here at davos this and somehe last seven months working on what we call the future vision of agriculture , and part of the discussion this morning we had a very lively discussion that included the president and clear takeaways from that was that increasing productivity is very necessary but not sufficient. we also talked about investment in the entire value chain or entire eckert cultural train particularly true infrastructure, transportation, storage, getting even the basics of roads and trucks and getting crops to market or getting them to the people that need to eat them. so the idea of not just productivity but things beyond increasing yield such as even reducing post harvest waste which is something we could take on today as we've heard in several sessions of the crops that are grown and are wasted or left to spoil because there's not an investment infrastructure, because they don't have the ability to get to market is as much as 20%, i know in your country you took it at that. so it to actually make more e

davos should serve as a thread for feedback on proposals that counsels are working under the framework. as we talked about climate change, let me deferred for a minute for those of you who may not watch this all in great detail and give you a little bit of definition so that some of the words or terms that may be unfamiliar we can all share. the operative words were to avoid dangerous anthropogenic interference in the climate system. quito who came -- that came five years after the convention was ratified by 180 some odd countries. the u.s. was the sixth country to ratify the basic climate treaty. kyoto was the first implementation protocol to the treaty. that was 1997. it was at kyoto that the distinction was developed between specifically what the responsibilities of developed countries were going to be, the so-called annex 1 countries and what developing countries, everybody else, should do, the so-called non-indexn-annex one countries. the initial purpose was to design a treaty in which nations could come together in agreement about what a global strategy should be, related to clim