>> >>> dozens have been killed across east asia. it is not over yet.here have been some of the deadliest attacks in iraq in months. >> candy north american leaders fix the problems of the continent? welcome to "bbc world news." it is broadcast around the globe. coming up later, a change of strategy. for the first time, the dali lama tells the bbc that autonomy for tibet is a domestic problem. there are changes ahead in what and how much we eat. ♪ >>> dozens more have been killed in east asia. some areas have seen the worst weather in half a century. there are concerns that the death toll could continue to rise. hundreds of people have been cut off by mudslides. in japan, at least 13 have died. millions of people have been evacuated from the coast of east china. we have this report. >> in taiwan, they are still searching. scores of people went missing when the typhoon swept across the island. many were simply washed away. the storm dumped 2.5 meters of rain. it is a record. they have not seen floods like this in half a century. hundreds are thought to b

>>mackie: the lure of oil and gas to help fund the economies of china and south east asia has created suspicion and animosity. competing claims exist regarding sovereignty over the south china sea, with china claiming.....well, most of it - and it's been prepared to use military force to expel others with ambitions in the region. >>reporter: and vietnam has borne the brunt. as yet, there's no clear-cut solution. a combination of historical claims, the actual line of a country's continental shelf plus the right to explore and exploit territory up to 200 nautical miles from the shore has created a dilemma. >>: this is the hypothetical 200 mile limit. >>: these are vietnam and the philippines' claims which overlap those by indonesia, brunei and malaysia as for china..... check this out... >>: an official chinese researcher explains that this huge claim is based on historical documents: maps that go back to the days of the emperors. >>xiaoying: regarding the maps, no other country objected to us in the past. of course, with the realization of oil reserves, our neighbouring countries made

>> this is in east asia. >> east asia. you find them in the water? >> no. they live in trees.ile tail, like an extra set of hands. the other cool thing about these guys, scratch his bum and then smell your fingers and tell me what it smells like. he's totally relaxed. now smell your fingers and tell me what it smells like. >> popcorn. >> popcorn. that's what it smells like. >> so you can eat one of these? put one in your purse to the movies. it does smell like popcorn. do they bite people? >> this guy probably not. >> but that's going to be a question i ask with each of the animal. >> one of the things you will learn about animals, if they have teeth they can bite. none of the wild animals make good pets. don't worry about him. >> what else do we have? i'm getting hungry for popcorn. >> we'll ask mom to take him away. i have fruit -- >> something will fly on me to? >> nothing will fly on you. >> wow, look at that. >> that's a tegu. he likes chicken, if you see any chicken over there. now tegu, one of my favorite things about him, you see his fat neck? we think it looks kind of

powerful typhoons battered east asia unleashing some of the region's worst flooding in 50 years. >>> grim search. investigators recover more bodies and debris from this weekend's deadly mid-air collision over the hudson. >>> and clever canine. a new study sheds some light on just how smart your dog really a new study sheds some light on just how smart your dog really is. captions paid for by nbc-universal television >>> hello and good morning, everyone. i'm dan kloeffler. >>> and today we begin with a staggering storm. parts of asia are just swamped in rain this morning just hours after a powerful typhoon ripped across that region. there are widespread reports of both damage and death. hundreds of people are missing in taiwan, which saw its worst flood anything 50 years. local media there say hundreds of home were simply buried in a landslide as swollen rivers devoured entire communities. in mainland china, many people were forced to evacuate the coast. it's a similar story in japan as well where a different typhoon caused 12 people to be killed in raging floodwaters. at least 10 peo

. >> and as a relief operation is underway across parts of east asia to rescue people trapped by heavyains and landslides. the number of dead is not yet clear, but there are fears that it could drive into hundreds. the typhoon dropped several inches of rain. we will have a report from taiwan in just a moment. first, to china where a number of homes have collapsed. >> a small village in china, a late-night landslide here triggered by relentless downpours. it destroyed seven homes last night. they found six people underneath the mud and the rocks, some very badly hurt. as the clear operation got under way, two of those rescued had not survived. two women had died here. they were moved to a place of safety, but they came back when they thought the danger was over. they did not stand a chance. >> across eastern china, more than 6000 homes were wrecked by the storm. it rained harder here than it has done during any typhoon in the past 60 years. in taiwan, relief supplies are now getting through to some who have been cut off as floods and landslides. there is anger here. type one's prime min

. >> a massive relief operation is underway across parts of east asia and to rescue people trapped byeavy rains and mudslides. there are fears those dead could run into the hundreds. typhoon morakot caused the damage. we will have a report from just -- in just a moment. some buildings have collapsed. we have this report. >> a small village in china, a late-night landslide year triggered by relentless downpours bearing seven homes last night. -- burying seven homes. they found six people underneath the rocks, some very badly hurt. as the clear run operation got under way, it emerged that two of those rescued had not survived. -- as the clear up operation got under way. they came back when they thought the danger was over. when it fell on top of their house, they did not stand a chance. across eastern china, more than 6000 homes were wrecked by the storm. it rained harder here than it did during any typhoon during the last 60 years. in taiwan, relief supplies are not getting through to some who have been cut off -- are now getting through, but there is anger here, too. the prime ministe

groups have voiced their concern over the increase in demand for ivory coming from each -- eight -- east asia. pressure is rising on the scottish justice secretary about whether he should free the man who bombed an airplane in 1990. hillary clinton strongly opposes his release, though he is gravely ill with cancer. >> it is wrong to release someone who has been in prison based on the evidence about his involvement in such a horrendous crime. we are still encouraging the scottish authorities not to do so and we hope that they will not. >> we have got a full business report in about 25 minutes, let's recap what you are going to do. bad news if you are in america and you have a ubs or swiss bank account and do not want anyone to know about it. >> get it out now, george. >> [laughter] this has been going on for some time. >> they have been clamping down on ubs for some time. wrangling with a lot of court of appeals last week, they will be signed today. the whole idea was that the americans wanted to reveal their own nationals that had money in a swiss bank. we will be able to see how many names t

." >> dozens are killed across east asia. it is not over yet. >> me than 40 have died in dead attacksin iraq. >> candy rthmerican leaders fix the confidence problems -- can the north american eaders fix the confidee problems? >> welcome to "bbc wor news" broadcast arou the world. coming up later, achange of strate. the dali lama says that freedom for tibet is a chinese oblem. >> ther will be change in food, both how much and what we eat. ♪ > there are concerns f the safety of hundreds peoplen taiwan. typhoon has triggered a deadly mudslid. it is reported that one vlage has been bied. somereas have seen the worst weather in half a century. there iconcern thathe death toll cld grow hugely. at least 13 have died in japan up to million peoe have been evuated along e east coast of cna. taiwan is the worst affected. we have a report from our coespondent on the scene in just a moment. first, another crespondent has is. >> in taiwa they are still searching. scor of people went missing wh the typhoon spt across the island. manyere sim

east asia, the best levels of unemployment, largely because of the chinese experience. on the other hand, chinese figures -- we do not have that good figures. that 4.3% only accounts for the urban unemployed, not necessarily the rural ones. we do not have figures on that. >> thank you very much indeed. let's take you around the globe. police in indonesia are involved in a shootout. it this is believed to be one of southeast asia's most wanted terrorist suspects. exchanging gunfire. the leader of the group is thought to be behind the bombings and the twin suicide attacks on jakarta hotels last month. the leader of the tamil tiger rebels has been arrested in southeast asia. the group leader was killed in may. a moscow court has rejected a petition by the family of the murder journalist for a renewed investigation. three suspects were killed during the -- were cleared during the first inquest. italy's prime minister silvio berlusconi has again dismissed criticism of his private life despite a series of sex scandals. he says he has nothing to apologize for. he has denied a

. >>> weather proving to be deadly and tough in east asia. take a look at this hotel as it comes down from a swollen river in taiwan. this was caused by the followen river, more than hundred people evacuated. dozens missing. 21 people in the philippines died because of it, and the heat here, like ton of bricks? >> yeah, we should have at bitle bit of it by now. this is the first real heat wave, somebody earlier in the roby chavez story, said the air was thick today. it is a perfect example with the humidity coming in. it stays like this too, and all of a sudden we have gotten very active here with the weather this evening. let's look at the true view to give you an idea where some of the thunderstorms are popping up. all of this is up into southern southeastern sectionings of pennsylvania. but it is moving into the direction, clipping maryland, moving into delaware. and right here the storm will move into harford county, so there are watches in place, nothing here. but i suspect the primarily -- it will primarily stay to the northeast of us t

." >> dozens are killed across east asia. it is not over yet. >> more than 40 have died in deadly attacks in iraq. >> candy north american leaders fix the confidence problems? -- can the north american leaders fix the confidence problems? >> welcome to "bbc world news" broadcast around the world. coming up later, a change of strategy. the dali lama says that freedom for tibet is a chinese problem. >> there will be a change in food, both how much and what we eat. ♪ >>> there are concerns for the safety of hundreds of people in taiwan. a typhoon has triggered a deadly mudslides. it is reported that one village has been buried. some areas have seen the worst weather in half a century. there is concern that the death toll could grow hugely. at least 13 have died in japan. up to 1 million people have been evacuated along the east coast of china. taiwan is the worst affected. we have a report from our correspondent on the scene in just a moment. first, another correspondent has this. >> in taiwan, they are still searching. scores o

. >> they're creating misery across east asia. morakot hit southeast asia.ied in the mud after part of a mountain broke off and engulfed the entire village. that village is still cut off from the outside world. look at the new video from taiwan. it shows another building collapsing as the floodwaters and they swept ate way. look at that. on saturday, tv crews filmed a different building falling into the river. taiwan's official death toll now stands at 14. and today, the typhoon was barelying across china. one million people across the coast were evacuated. six people are dead. there and the other storm slammed into japan leaving 13 people dead. forecasters warn it could hit tokyo tomorrow. stunning, chilling video over there. >>> still ahead, yet more trouble for south carolina governor mark sanford. the hits keep coming with this guy. >> that's right. reports he used government planes for private trips. like to get a hair cut. he can survive this latest scandal? also, how do you sell cars when you've run out of cars to sell? we'll talk about the dealer of

presill la is with the wildlife conservation society, it regularly tests samples of wild birds across east asiafor any signs of flu. >> a big concern here in this area is the very close proximity of people living with domestic animals and attracting wildlife. this can be in the market or in training, and this close proximity can be enough pressure to allow it to jump from one to another and... >> reporter: although so far merit birds have been free of avian flu, she says cambodia is in many ways an a deal petri dib for its spread. people are always around wild birds and domestic animals and poultry, and the markets and the back yards of this mostly rural country are still recovering from decades of war. h 5 n 1 is common but harmless in ducks, it's lethal in chickens and it's deadly when it does make the cross species leap to humans. 2/3 of 400 people who contracted it have died. cambodia has seen just eight human cases since 2005, almost all have very close contact with infected chickens. so far the virus has not spread from human to human. still this doctor says bird flu remains a concern, es

he did suggest that japan's economic future is bette located now in the vibrant economic clima of east asia d in the east ian community than it has been in the past. >> daniel sneider, tell what you can about yuk hatoma, he is not completely fresh-fac, not complete new to this game. but whatan america exct as it engages with japan wi him as prime minister. >> i would be remiss i didn't point out tt he was a gradua my university -- >> his graduate degree, yes. >> his an engineering degree from there andany ys the top leadership of th dpj incling mr. hatoyama but others as ll, they are very senior schooled politicians, they all ca out of the ldp. hatoyamas a grandson of the japane prime minister in the 1'50s. he comes fr an old importt political family in japan. so these a not fresh faces in that sense. they're not radics. they really comeout of the mainstream of japase politics. althou on the other hand, if you look the new members of the parliament that have been elected, a third of theare brand-new to the par and all almost all of those are dpj. so we will have a t of new faces, a lot of n

relations with east asia. sir, it's good to see you. thank you. >> thank you. shepard: your initial reaction to this development? >> well, clearly, bill clinton delivered. this is a very successful humanitarian mission, a very quick visit. he was able to secure it looks like, the release of these journalists. and that's very encouraging news. there's reason to wonder, however, what the impact of this visit might be more broadly on the obama administration's approach to north korea, especially with respect to the nuclear program. once kim jiang sil able to sit down -- kim jong il is able to sit down with a high figure like bill clinton, he might be expecting that whenever the north koreas want to discuss something with the u.s. so this might be a challenge going forward. shepard: is it possible, maybe it isn't. isn't it possible that these discussions have been going on for some period of time? it wasn't that long ago that we were concerned that north korea might be sending missiles in the direction of hawaii. is it possible this is part of a larger discussion a

and european economies flounder, the world's geo political center of gravity is shifting, going east to asia, not west to europe. the other super power in the world is now the people's republic of china, and both super powers convened in washington this week for two days of strategic and economic dialogue. a twice yearly bilateral encounter that grew out of the april g-20 private summit meeting between president obama and his counterpart. in 2008, america's economy grew at the rate of 1.4%. china grew at the rate of 9.8%. who is america's largest creditor? answer, china by far. it holds $800 billion in u.s. debt. so instead of a g8, the u.s., canada, france, germany, italy, japan, russia, and the u.k., we now have a g2. a g2. the u.s. and china. how will that pan out? >> i have no illusion that the united states and china will agree on every issue, nor choose to see the world in the same way. but that only makes dialogue more important. >> reporter: question. is talk of a g2 an accurate description of a u.s./china relationship or is it hyperbole? >> i think it's still hyperbole for the momen

which means members of congress would no longer have to stop and refuel on the way to the middle east and asia. the pentagon says the jets take money from more important priorities and are not needed. >> we asked for what we need and only what we need. >> reporter: at least five senators have vowed to kill the money. >> right now america is watching washington, and they want some reassurance that we're in touch. >> reporter: the white house also has threatened to veto the bill for different reasons, which means congress and other top officials will have to scrape by with the private jets they already have. lisa myers, nbc news, washington. >>> you may know one of the great euphemisms in life is the term regional jet. while they are jets, they are designed for short hauls, the seats are small and they are no roomier than some prop planes. now imagine a 13-hour odyssey involving a regional jet including sleeping on one because of an airline meltdown like the one that happened a few days back in minnesota. it's the latest nightmare in the flying business, and nbc's anne thompson has our report. >

one of the differences, one of the reasons for the radical difference between latin america and east asia in the last half century is that latin america didn't control capital flight. in fact, in general the rich in latin america don't have responsibilities. capital flight approximated the crushing debt. in contrast, during south korea's remarkable growth period, capital flight could bring the death penalty. one of many factors that led to the surprising divergence latin america has much richer resources then you would expected to be, far more advanced than ease dÉjÀ but it have the disadvantage of being under imperialists wing's. from the 1970's, the golden age faded. win neal liberal rules were observed and so far as they have been observed, economic performance deteriorated and social democratic programs have been substantially weakened. we see that right here. the united states parslow accepted these rules and for the past 30 years, real wages for the majority of the population have stagnated. up until then they essentially tracked growth. work hours have increased well beyond europe.

thank you. >>> a typhoon nearly 1,000 miles wide slamming into east asia. rob marciano's standing by looking a the this video with me. man, did you see that? >> yeah. >> one of the dramatic images we're seeing out of taiwan. it's a popular six-story hotel, i guess, crashed right into those waters. typhoon morakot, am i saying that right? blamed for about two dozen deaths now. in china, almost 1 million people had to be evacuated, dozens of people are missing. so rob, what is the deal? my goodness. >> just a tremendous amount of rain with this particular typhoon that's well inland now that has weakened, but the rainfall and the moisture plume continues to come over taiwan and coastal areas of china. cornell colleague of mine e-mailed me and said it doesn't look like it's going to stop and not on the videos you saw, but some of the rivers inland are raging above and beyond what you'd expect. they're saying it could possibly go over the top of the flooding they say 50 years ago, which was unbelievable. all right. they're not going to see that. but we could see

when you thought you had seen the most heartbreaking bit of video out of east asia in connection with else comes across. dozens of people are dead. hundreds are missing and unaccounted for in many cases. it is a very frightening situation for those who are looking for loved ones in waiting for word of love ones. it is turning into a tropical storm. there is a fresh typhoon that has just hit ground in japan. jane: even though it has turned into a depression, it does not mean that the water is not still coming. >> there was 8 feet of rain in taiwan. you can see the rivers swollen and crashing. some of the waves were 26 feet high. the winds were 75 miles per hour. many of the southern coastal towns have been evacuated. these fishing villages are very vulnerable to waves coming over the river bank and into homes. jane: look at the pigs. the animals are in dire need of rescue. amey will keep watching for pictures. rick: that video is unbelievable. tropical storm felicia is bearing down on hawaii. still, the storm could bring almost a foot of rain. that could trigger mudslides. people are b

america have fought three wars in east asia in just 30 years. the cold war was in a stalemate.my was cut off from the world and a huge percentage of the chinese people live in extreme poverty. back that far dialogue was guided by a narrow focus on our shared a rivalry with the soviet union. today we have a comprehensive relationship that reflects the deepening ties among our people. our country is at now shared relations for longer than we were estranged. are people in iraq and so many ways and i believe that we are poised to make sustained progress and some of the most important issues of our times. my confidence is rooted in the fact that the united states and china share mutual interests. we advance those interested in cooperation. our people will benefit and the world will be better off because our ability to partner with each other is a prerequisite to progress on many of the most pressing global challenges. let me name some of those challenges. first, we can cooperate to advance our mutual interests in a lasting economic agreement. the current crisis has made it clear tha

developing news in east asia where an earthquake shaken tokyo. the japan meteorological agency said it had preliminary measurement of 7.1. no immediate reports of damage or injuries from the tremor which struck before 8:00 p.m. local time last night. experts say they don't there is danger of result resulting tsunami. inmates at chino state prison, inmates began rioting spreading unrest to six units in the same prison. at one point flames could be seen from outside the prison walls. take a look. it houses 1300 inmates. wildfires in california burned nearly 1,000 acres in land in a remote part of santa clara county, it's east of santa maria off 166. despite the thick smoke, no report of injury or property damage. well, severe storms in plymouth minnesota, left residents without power. locals say the sirens went off and the temperature drop and the storm roared in like a freight train. it only lasted 30 second but the clean-up will take longer than that. there were no injuries reported. more storms could be in storm for the midwest today and serious

there's something more important than assessing blame honoring the 3 million that served in out east a southeast asia50,000 of us who d

his multitude of experiences as one of the nation's most distinguished diplomats, from vietnam to east asiao bosnia and kosovo, to the united nations, no one is more capable than my friend richard holbrooke to lead this team. after ambassador holbrooke gives a few brief introductory remarks, he will introduce his team and the people on stage will have a few minutes worth of commons. you will then shift to a discussion format where we can begin to address the larger strategic questions surrounding our policies towards afghanistan and pakistan. particularly, i hope to focus on the implications of the upcoming election in afghanistan, our efforts there, our objectives in afghanistan, and how we measure progress. the challenge of balancing our instruments of national power to more fully address the political and economic aspects of our relations with pakistan and afghanistan, and most critically, perhaps, placing the threats in both countries and context of our broader national security priorities. thank you all for coming today. i look forward to a productive conversation. with that, let me tu

it has about 170 stores in the middle east, africa, and asia it he has got planned. know that's small but it's a start and we know from mcdonald's and yum that international is where the growth is. kitchen layout, store design, changes to the menu, execution getting better. but the aim of converting some stores into dual brand wendy's and arby's. same thing if you go to kfc and see taco bell next to it in the same complex? that improves sales and profits. it worked for yum which my charitable trust owns. i told my subscribers this weekend it could go much higher and gave it a one ranking. i feel the same way about wendy's. i think it's going to work for wendy's. both wendy's and arby's the company has been purkt value menu but the brand especially wendy's are strong. wendy's was ranked number one, best food, best facilities, and best overall. at least it's got as much hospitality as a fast food joint focused on selling cheap stuff you have. it just needed to start capitalizing on that fact, something that's finally happening though it's ban lo a' long time coming. we

during his career as a a marine he led central command, the force that oversees the middle east in south asia until he retired in 2000. months later he returned as president bush's envoy to the middle east but as the bush administration prepared to invade iraq, he became known as one of the most senior retired commanders to oppose the war. earlier this year, he was a top choice to serve as president obama's ambassador to iraq before christopher hill was named to the post. he recently published his latest book, it is titled "leading the charge, leadership lessons from the battlefield to the board room." we'll talk about that and must have more. i'm pleased to have general zinni back at this table. welcome. >> thank you, charlie, good to be here. >> rose: let me go first to the middle east and come back to iraq and afghanistan. >> sure. >> rose: that the most important thing we can do in that region is bring the israelis and palestinians together? >> definitely. i know many would argue that iran is more serious or afghanistan, but psychologically in that part of the world-- and it's been this w

european, south east european and euro-asiagions, are trying to cut out russia from the process of transferring oil or natural gas. you see the russians trying to build pipelines that go around central and eastern europe. these pipelines have huge costs, but it is striking to me that they are weighing so heavily in russian national security prioritizing, and it will be quite fascinating to see how key countries in the pipeline, the geopolitical pipeline battles such as ukraine and georgia factor into russian military strategy. as it emerges in the doctrine. but also as it attempts to emerge pragmatically in terms of what the russian military would do to protect such pipeline roes. energy security has gotten a good deal of attention throughout washington. it certainly attracts great attention in european capitals, and of course, out of moscow. this is crucial. how it weighs on the european union and nato will be quite important because, for the russian military, as i wind down my comments, and certainly i will be happy to discus

isere durinhis 35 year career as pay par even he led central command, forcthat overseeshe ddle east in south asia until he rired in thousand. part two of our conversation with general tony zinni. afghanistan, is going to be a long sha people like you say. >> uh-huh. >> rose: meaning what? >> i think for several within reasons. one you have tbuild up the afghan security forcesyou casee the marines are ere in the worst part of a afghanistan attempng to kler and hd an wit thousandof marines on t ground and clition partners, the.k. and others, we have a handfull of afgha--fghan security forces. it's goi to take threeo fiveears for those forces to be fully trained, organized and equipped. >> rose:s this political will iamerica to do at? >> it could be that political will could be lost if we're not careful i think it requires us to cotantly inform the ameran people of the iticality of thisegion of the world. if we wer to withdraw, we were to allow thiso return to being a sanctuary fo extremists, if we lowed for this thing to spread toughout the region with a nuclear arm, pakistan at risk, the potential

his 35 year career as pay par even he led central command, a force that oversees the middle east in south asia until he retired in thousand. part two of our conversation with general tony zinni. afghanistan, it's going to be a long shah people like you say. >> uh-huh. >> rose: meaning what? >> i think for several within reasons. one you have to build up the afghan security forces, you can see the marines are there in the worst part of a afghanistan attempting to kler and hold an with thousands of marines on the ground and coalition partners, the u.k. and others, we have a hand full of afghan -- afghan security forces. it's going to take three to five years for those forces to be fully trained, organized and equipped. >> rose: is this political will in america to do that? >> it could be, that political will could be lost if we're not careful. i think it requires us to constantly inform the american people of the criticality of this region of the world. if we were to withdraw, if we were to allow this to return to being a sanctuary for extremists, if we allowed for this thing to spre throughout

that is, the arctic, the middle east, central asia. this presuppes a few that energies disputes are going to lead to armed conflict among states, and that since energy is russia's main weapon for its prosperity the west is after its energy and that this is going to lead to war. now, the kind of force that they are talking about are not described in any detail here. they should be described and will be the forthcoming defense doctrine, but we need to talk abou the fact of the russian litary iseing reformed as a present so that the army, and to some degree the air force, the helicopter force, would be able to project power to the cis and dominate the cis in the event of any kind o conflict. but that the war that they expect, at least that the general staff expects with nato, is going to be primarily an air naval, and maybe even nuclear and electronic warre which requires long range strike capabilities. the problem is that the defense industry can't produce either in numbers or in quality required for potential capabilities. even having t

given the 21th century energy dominance by and military conflict in southeast asia and the middle east, russia's military and europe's political leadership continually focus on independent ukraine and georgia. however, this focus on researchal east european military concerns in ukraine and georgia may relieve more about emergency security for russo-european tied. it's for how russian military strategy towards central and eastern europe develops. for european security calculations, ukraine and georgia factor more politically and economically than militarily. the russo-georgia war in august 2008 and russian ukrainian and temporary shut down of russian energy supply to europe through ukraine, the naval to reassert itself somewhat other the neighbors. consequently, territorial war in georgia may also relate to vital pipeline roots to europe, and the gas pipeline con frontlation in you're crane certainly antagonized the european/u.s. relationships and may divide west europe from east european in more ways than we right realize. russian military objectives, may have advanced through politica

as director of the near east south asia centered general barno has traveled widely in the middle east region and has lectured at a variety of military institutions including harvard, yale, tufts and west point. he is a frequent consultant to agencies on counterinsurgency, counter-terrorism and the changing nature of conflict. with that, let me just turn to general barno to lead off. >> thanks jim and mao of much more importance to my wife, my and his son just got back from a year in afghanistan from the 101st command beaston jalalabad in and around kandahar so that was a much more demanding experience for famy then having them me over there for 19 mohs though it is certainly makes mfeel the challenges that are ahead very personally as that will be on our horizon sometime down the road in the future as well. as jim noted, as we have had some conversations before we abrived on a panel this afternoon, we are in some degree of unctainty in ahanistan right now brought to a very clear point by the election that took place on the 20th, and the reality that of course we don't yet have a final

east coast. >>> on the "cbs money watch" stocks in asia moved higher this morning. claire leka is here in new york. >> that's right, michelle. asian stocks stabilized overnight after the previous day's sell-off. shanghai stocks rebounded 1.5% from yesterday's 6% drop. on wall street, the stock market will try to pick up the pieces after its worst slide in nearly two months. but investors remain on edge following recent reports about a still sluggish consumer, which would slow any economic recovery. the dow jones industrial average begins the day down 186 points. the tech heavy nasdaq lost nearly 55. today we get a key report on new home construction which has increased in four of the past five months, after tumbling to a post-war record low. many economists believe housing, which led the economy into recession, may be one of the forces that helps to pull it out of the ditch. and we'll find out if inflation remains under control with the latest figures on consumer prices. and a day after lowe's reported weak earnings, rival home depot rolls out results before the sta

rising 7 percent this year, it's a major power, it has to be consulted on all kinds of issues beyond east asia and so forth. russia, on the other hand, first of all, was in decline throughout the '80s and then spends its time screaming that it's a great power, they're constantly threatening and sphwim dating but did not develop the country, and as a result you see what the russian system looks like today. >> far too much has been made about the fact theyollowed some bombers around, they're picking the submarines up off the coast and going to venezuela. they're plying the same ships they were building in the 1970s and '80s. i've been on a lot of those ships, and believe me, they're not the most modern things in the world. it's a way to say we're back, and when they send a nuclear attack submarine, my russian contacts say at this point they only have conventional cruise missiles. you know, yeah, it could ruin your whole day if you were in the right spot when it hit, but it's not the kind of big deterrence. i think what they're doing is very clearly the heart of their military scheme is nuclear f

goods that resulted in huge imports, huge dollar surpluses around the world, certainly in the asia and middle east with petrodollars recyclers they have to buy dollar-denominated products and wall street was happy to come up with any opportunity it could to sell it to them. that is a 20 year in the making trend. china has $1 trillion. all of this going to a larger point* of how we ultimately get back to a point* where we're exporting more than we importing? the president talks about a but it is hard to imagine when or if we will ever get there and ultimately i think it does lead to aid to munition in our lifestyle. it is not good but it is a long time coming and it continues. the larger trends are still there they do not go there -- away in one or two years and we're dealing with some of them now the fact we have built up huge deficits, trade deficit stood come home to roost in the sense and the fact that all but we rely on so many foreign governments or foreign institutions to fund our debt. and we still do and they believe the chinese are still big buyers of our treasury. >> that wasn't what poi

will probably take place in areas around russia's strategic perimeter, the arctic, the middle east, central asia. this presupposes the commants in certain quarters from the west, that this will lead to armed conflict among states, since energy is russia's main foreign policy weapon on the basis of economic prosperity, the west is after its energy and this will lead to war. the kind of wars they're talking about are not described in any detail, they should be described in the upcoming defense doctrine, we need to talk about the fact that the russian military is being reformed so that the army, so -- to some degree the air force, the helicopter force, would dominate the c.i.s. in the event of any kind of conflict. what they expect, with the general staff

we've been borrowing from asia, the chinese and middle east. at some point they will say you look like a big california. you want to spend a lot and want all the programs but don't want to tax yourself. then they will start demanding higher interest. then we run into trouble. inflation comes really because the feds put in all this money, and if growth doesn't pick up, they're not going to want to pull it out quickly. they know there might be inflation but let it roll. that's why we'll have inflation going forward. >> do you think higher taxes are inevitable? >> i do. i think if we expand government like this, you won't get it all. i bet we see a national sales tax. it's the only way to raise the money consistent with the size of the programs we're introducing. >> steven, big topic. middle class tax cut increase? >> i sure hope not. i want to say one thing positive. we're at the cusp of a technological revolution. we'll see huge increases in living standards around the world because of technology. >> you, doug? >> i think the one thing we should

competition for sources of energy, and it outlines specifically t areas, the arctic, the middle east, central asia, areases around russia. this is clear evidence, and i think it's incontrovertie evidence, that they see tir missions as being connected with the defense of energy installations and energy sources in and around russia and that future missions, to some degree, will be organized about that. >> we do the same thing. >> i'm sure we do, but so what? i don't say this is an illegitimate aim, i'm just saying this is a mission on their part. yes, over here. constantine, yes. >> constantine, girardi group international. i'm the former adviser on china to the deputy head of the kgb intelligence, and i remember how in the '90s russian military very quickly became pro-chinese, chinese come raids are our only hope now in opposing the united states. th understand that we have to conceal it, but we're hoping very much for this. and actually russia you know that three years ago putin has yielded china strategically important piece of land. so on the one hand just russians are not afraid of china, but a

as director of the near east south asia center, general barno has traveled widely in the middle east region and has lectured at a viety of civilian and military institutions, including harvard, io, tufts and west point. he is a frequent consultant to government agencies on counterinsurgency, counterterrorism and the changing nature of conflict. and with that, let me just turn to general barno to lead off. >> thanks to jim. and much more important to my wife, my youngest son just got back from a year in afghanistan with the 101st airborne division serving in regional command east and jalalabad and six months in and around conda are. that was a much more demanding experience for our families and having me over there for 19 months. and it is certainly makes me feel the challenges that are ahead very personally as that will be on our horizon sometime down the road in the future as well. as jim noted, we've had some conversations about before we even arrived on tha panel this afternoon. we're in a state of some degree of uncertainty in afghanistan right now. brought to a very clear point

legislation related to terrorism, weapons of mass destruction, post cold war europe, the middle east and southwest asia. urban leaders, join me in giving a resounding welcome to the 47 the vice president of the united states, the honorable joseph biden. [applause] [cheering] >> thank you all very much. [applause] marc thank you, folks, it's an honor to be here. thanks for having me. [applause] speed line, it is good to be back with you again. marc and i -- i met marc's mom backstage and she reminded me that we met when i was a 32-year-old united states senator. she remembered exactly where we met. she remembers whose house we were in. and mom, i'm flattered you would remember me. she probably remembers i used to have here, and that's even more flattering. marc, it's great to be with you. you did a great job as the mayor of new orleans and a great job here as the ceo of if i could do my job one-tenth as well as he does his i would go down in the history books, but i don't have the talent he has. magic johnson, just touch me, will you? [applause] ladies and gentlemen, for 99 years, 99 years the urban lea

worked in senior capacities at the nationa security council where he has been a middle east adviser and south asiaadviser tohree presidents. bush, clinton andbush. he has also served in the senir position in the defense department and also as the intelligence adviser to the supreme commande of nato. more recently, bruce was tapped by president obama in the early days of th administration to chair the strategy review of the strategy towards afghanistan. and he is also the author of a recently critically acclaimed book on the search for al qaeda. so as you can see, we have a very distinguished panel. deeply experienced in the issue that we're going to discuss today. and i'll call on mike o hanlon first toead us off about te electi gls thankyou, @@@@@ rbrb norma cramer and others part of that group led by rich williamson. i want to say a few words about the election and tee up one or two qui thoughts on broader ises i'm sure tony, kim and bruce will delve into in more detail. let me just say a few words about the eltions. this is almost getting to be the sortf topic where you check the website every