it is in eastern asia, where there is a big demand. it is the source of these robberies. people pay a lot of money for chinese alternative medicine, and that is where the job orders come from. >> the belief that powdered rhino horn has sexually stimulate properties is particularly widespread in eastern aged, where there is a black market for the product -- in eastern asia, where there is a black market for the product. it is becoming increasingly popular in europe. >> the problem is the medicinal use of rhino horn. that stems from the preferred a belief that rhino horn it is a big thing that points upwards. that, of course, leads to such perversions that have nothing to do whatsoever with the additional usage -- with medicinal usage. >> many still believe rhino horn is a miracle cure for all kinds of ailments. it is gaining in popularity and received widespread publicity. the was a recent interview with a leading hollywood actor who swears by it. >> it! is a real surname that celebrities are making statements like that. -- it is a real shame that celebrities are maki stat

into eastern asia the northeast will be unstable into the weekend. heavy rain once again targeting the korean peninsula. actually south korea will be seeing maybe another additional 100 millimeters of rain into the next 24 hours. you add it to the 100 millimeters they just received and there will be a high risk of flooding and landslides. northeastern china with ongoing showers and thunderstorms moving through and northern japan will be seeing showers. we have the front line moving through. the rest of japan, mostly clear and dry. very, very hot though. we may see thunderstorms popping up in the heat of the day, especially in central locations. let's go down to just east of taiwan. we have a tropical depression that's now a low forecast to become a tropical depression in the next 12 hours. so this is what we see in the forecast. it looks like it will be headed up just north of taiwann toward it is coast of eastern china. really intensifying the downpours in both locations as well as the northern philippines. that's pulling in all of the humid monsoon

let's take a look at eastern asia. korean peninsula has bn dealing with excessive rainfall the past couple of days. hearing reports of deadly landslides across south korea and also in seoul serious flooding situation going on here as well. this frontal system will stay with us, picking up that moisture from the east china sea. so it doesn't look like that rain is going to be weakening off anytime soon. on your thursday, we'll continue to see heavy rain occur here. more than 100 millimeters is possible, especially along the border here but in isolated areas we could see as much as 250 millimeters occur. so we're looking at heightened risks of landslides as well as flooding in the area. for japan as well, central and northern areas, looking quite stormy. due to that same system, heavy rain is expected as well today. and that could certainly bring some landslide problems here as well. now for china, the rain starts to ease off finally up in the northeastern corner. but for inland areas, it looks like we'll continue to see

interests because of their history and their location in central europe and eastern asia. the open world program is an effective dip will mattick tool. may i have an additional two minutes? mr. honda: i yield the gentleman two more minutes. the chair: the gentleman is recognized. mr. price: the open world program is an important diplomatic tool. open world is not about us. it's not about us. it's not about our institution. it's an instrument of outreach a unique one. we should be proud of this. a unique instrument of outreach to a critical part of the world. its loss would be deeply felt. in previous congresses, there's been question of whether the open world program should be placed, where it is administratively or in the legislative branch appropriations bill. i've looked at this, and i've concluded that the program's placement in the legislative branch is an asset, making cheer the program is not tied to a specific administration with its foreign policy goals and priorities and politics. this in fact we're told has sometimes redeuced obstacles to participation. and has

it is in the united states what europe needs is the markets of eurasia from from eastern europe to russia. to central asia china the middle east northern africa and that's really the economic future of europe as the stronger those ties become the more stable the currency will be the i think the real problem is in the medium term is going to be the american dollar and the debt . the astronomical rate of increase of the of the public debt in the united states that's simply vereen out of control and that's going to become the focus of the markets in the next few months you have a lot more to come on that certainly of the next few weeks of your help as well thank you and so that was good to have in the program with a man down there author of gobs of money joining us to frankfurt germany tonight. i was eager to know what you think about all the stories we cover today actually we're asking how do you think will win most of the euro crisis right now this is what you've been telling us opinions divide it seems the majority of you still sure it will be george soros and his financial cronies who will reap the rewar

he targeted people who believed to be of middle eastern descent in the weeks after the attack. they were in fact from south asiatwo were killed. one survived. sharon. to you have news about aid for famine victims in somalia. >> united states is saying it will allow aid to be sent to famine-affected areas of somalia controlled by the as noneas non-- as long of it benefits the militia. they've been ravaged by one of the worst droughts in more than half a century. >> it is official. somalia is sinking into famine. it is the first time that compelling word has been deployed in almost 20 years. the united nations is hoping it will dilute the world into action. extreme drought and conflict have driven thousands of somalis into camps like t one. a former irish president was here during the last famine. she is back and wondering cheerfully why the world could not prevented from happening again. -- she is back and wondering tearfully why the world could not prevent it from happening again. >> i was here in 1992. i am here again. these people just want food and water for their families. >> a substantial aid operation is

they start to open 4:00 eastern time here in the united states. monday morning markets in asia. they're trying to get something done to calm fears. alex, we're up against it now here. >> any word, anyone weighing in from the white house on where things stand today or has that not happened yet. >>> >> reporter: not today. bill daley, chief of staff is going to be on "meet the press" this morning. speaker's going to be on another program. we'll hear public pronouncements over the next few hours and everybody's going to take it from there. >> we'll take it again from you in an hour. >>> earlier today i spoke with republican senator mike lee, who is part of the tea party caucus, and i asked him if there might be a deal already in place if it weren't for the demands of the tea party. >> i'm not going to let's you blame this on a grassroots political phenomenon that has arisen spontaneously as tens of millions of americans have realized that the federal government has become too big, too expensive. the fact is that we have a massive debt problem in this country. we have accumulated a

asia. really showing that bunch of clouds here from our typhoon ma-on heading towards japan. meanwhile looking on scattered showers also for eastern china today. some areas looking at the chance of a 52 to 100 millimeters accumulation. especially in towards the south looking at the pink showing up here and there. you may see heavier showers develop today. plus looking more intense in parts of mirimar and bangladesh. as for highs on monday, 33 in manila. chongqing will hit 36 degrees. quite hot. tokyo in at 29. and looking at temperatures in the 20s, that's been about to weeks of upper 30s. so it's been hot the past couple weeks. over towards europe meanwhile, lots of clouds here rotating in and over the north sea. we've had a develop low impacting the british isles. it's been moving in towards norw norway. southern norway will feel winds as well as showers. but the unsettled weather will last here the next couple days. in towards eastern europe, a long rain band forming today. then a new round of showers will move from france into the alpine region. you want to watch out for a scattering of thundershowers as well as gusty conditio

two hours later, 6:00 p.m., eastern time, the markets open in east asia. where u.s.t 6:00 tonight, as to which way the markets, the money men of the world, think about our debt crisis. then... >> 8:00 a.m. this morning, tim geithner said we are not doing the short-term... >> yes. right after that you have to watch what the democrats do. specifically, harry reid and president obama. if they say, absolutely no short-term deals, we don't like this, then i think you will probably have a severe negative effect on american stocks trading over there. that is what i think, and the chronology and why i say, today, is the first judgment day about what we're doing with our debt. a big deal. >> dave: not to get too deep into the politics, the never said no to a 120-day extension and may be the opportunity, he allowed himself to say yes to the boehner plan but ultimately we will not have consensus and tell us, are the markets going to crash? we know we will not have agreement on anything. >> i will make no prediction. i would never make any such prediction, no, period but the jud

eastern china, you go to a school and see many more boys than girls. back in the 1960s, population control was the issue that everybody cared about. so population control, organizations have done studies in asia showing that one of the reasons that couples continue to have children was that they wanted at least one boy. one of the solutionthat was proposed at the time was guaranteeing couples a son. >> visited nine crease and interviewed countless people affected by gender selection. she found parents are overwhelmingly choosing boys over girls in technology advances and it'sasier and ease yore to intervene with nature and have the child you want. >> technology come in, it comes with economic development. through ultrasound. abortion is pretty per vey -- pervasive and often relied upon. >> abortion is legal in these countries. what is illegal is sex determination. you're not allowed to know the sex of your baby. but the law is not enforced very well. so it's easy to bribe technicians, it's easy to find out. >> according to demographics research, the sex ratio at birth is naturally 105 boys for every 100 girls. in china, it is 118 boys for every 100 girls. and in india, it's 112 boys for every

eastern time, that is when the asian markets open, and that is relevant. the u.s. stock market had its worst week last week in more than a year. what happens in asia today could be the week to wuch. >>> and then tuesday, that's when the government says it may not have the money to meet the obligations for the month of august, and that could lead to default. we warrant to hear from people on both sides on the aisle. interesting day, again, yes on capitol hill. >> i do think if we can come together on real cuts, which i belief there has been a ground work laid to do that every one -- not every one, but 90% of the senate in the house would support lifting the debt ceiling as long as there are cuts commensurate with that. >> we ought to get the folks in the room and lock the door and let nobody leave until these are worked through. there is so much back and forth. >> let me get to joe johns at the capitol there, and athena. any plans to lock them into the room? >> reporter: this is where we started yesterday. of course, a meeting happened with nancy pelosi and senate majority leader, harry yaed. and the president spoke with mitch mcconnell, and so we

eastern time. we'll be covering this on fox business network. here's the added been fit, saying nothing bad about catching it on fox news, we get the early foreign market reaction like asiaal markets. if they are buying what the president says you will see that, if they are not, you will that too. which bret baier will not be able to give you on fox news. i'm kidding. in the meantime, if there is no deal here, the constitution's 14th amendment basically guarantees america's credit worthiness when it says the validity of the public debt of the united states shall not be questioned. now many are questioning whether that does give the president the right to bypass congress and lift the debt ceiling himself. president clinton said that's what the president should do. mercedes cohen says it does. lis wiehl not so amenable to that. mercedes, you think he does have the power, why? >> there's historical precedent. lincoln did that during the civil war. extended habeas corpus for the debt not to go into default. we are dealing with the president, congress is not doing anything i have to step in the constitution, 14th amendment says specifically that there has to be credit worthin

eastern today. what's that? when the asian markets open. you'll remember the u.s. stock market had its worst week last week in over a year. so what happens today in asiand then finally, the clock we just showed you, tuesday, that is the big deadline we're watching. that's when the federal government says it will be out of money, not going to be able to pay all of the bills. they'll have to decide which ones to pay. that's when the u.s. could start, for the first time in its history, default on some of its obligations. where do we stand on a possible deal? it seems like we're in a better spot than we were at this time yesterday. senate leaders on both sides spoke with the president and vice president throughout the day yesterday. the white house's involvement was a key ingredient for minority leader mitch mcconnell. >> we are now fully engaged, the speaker and i, with the one person in america out of 307 million people who can sign a bill into law, i'm confident and optimist thak we're goiic that get an agreement in the very near future and resolve this crisis in the best interest of the american people. >> majority leader harry reid says many elements

eastern time. what happens if nothing significant is hammered out before then? >> rick devalvo former director of morgan stanley. how will the markets react? >> i think they will react but not overreact. we have heard about asiake a look, friday alone because they thought a deal was going to get done, the markets jumped 2.1% on the hang seng. so if nothing does happen you might see sell-off but see some normalcy. >> gregg: if the markets thought there was debt defaulted crisis, why would the treasury be so low at 3%? >> absolutely. you bring up an interesting point. last week $28 billion in treasurys were sold. the interest rate .005. so in terms of dollars, every million dollars, that is $50 of interest. >> gregg: tim geithner says over and over again, failure to raise the limit would precipitated a default by the united states. i'm not sure that is true. here is why. i crunched the numbers. this is revenue less cost on a monthly basis. look at that. your debt interest payments $29 billion, social security, medicare, medicaid, $50 billion, military pay 3 billion and total that up, total cost is $134 billion but revenue of $200 billion you got $66 billion left over. there is no reason to default on our debt,