given the economic problems in the u.s. and europe, china would be interested to promote more free trade within this economic bloc because china can out source at lower value for example in vietnam, cambodia, etcetera, so china can move up the chain by adding values to these products and then sell these products to richer neighbors such as japan and south korea. >> many chinese people are staying away from japan because of a bilateral territorial dispute. the number of chinese visitors plunged in october. the japan national tourism organization estimates that chinese visitors, both tourists and business people, totaled about 71,000 last month. that's down 33% from the same month two years ago before the march disaster last year. japan tourism agency commissioner said the situation remains tough. >> translator: unfortunately, there is no sign at the moment that the situation will get better and that chinese visitors will increase. >> the government agency set a target of getting 9 million foreign tourists to japan this year,

economic policies with respect to other countries and their policies with respect to the u.s. do not depend that much on who is the president of the united states last president's day depend on other more fundamental factors wall street supported romy during the election campaign there were fears about reelection would result in the dip recession more and the pessimistic outlook in a report by spotlight. during his election campaign obama pointed at the stade you do slow economic growth in his previous four years in office wall street remained unconvinced when its bets on romney the result of the election eventually made stocks for the most in the year would worries wall street is the so-called fiscal cliff reason taxes and cutting government spending planned for two thousand and thirteen investors fear the measures could send the economy back into recession . there's also the issue of ever growing u.s. government debt which has already reached sixteen trillion. it's hardly going to be reduced if obama sticks to the polls to fly didn't the economy with money the u.s. dollar mi

just like the rules of the economic game determine how economic system plays out and leads to high level of inequality. we now have a political rules of the game, like citizens united, that give so much money that we have moved closer to a system rather than one person, one vote, to one dollar, one vote. and then that has become self-reinforcing, so you have more political inequality that generates laws and regulations that lead to more economic inequality, and that goes back into political inequality. the example i find astounding are something like our bankruptcy laws. something very technical. nobody normally gets interested in. one provision of the bankruptcy law is that when you go bankrupt, the question is, who gets paid first? that a big issue. the answer is, the derivatives. not a surprise. because they put it in when everybody else was not noticing who pays attention to bankruptcy laws? what does that mean? that means you encourage that kind of economic activity. but at the other extreme, student loans can't be discharged even in bankruptcy. so, that means that the banks do well

economic strength. we decide to engage more deeply than international regional organizations to advance our interests. >> reporter: obama's visit to myanmar has served several purposes. one of them was ideological -- to further the cause of democracy. but it also may lead to strategic and economic benefits for united states. >> and matthew fie joins us now. matthew, president obama chose southeast asia for his first overseas trip since his re-election. what has this visit achieved? >> in his first term, obama announced his foreign policy would focus on the asia-pacific region. coming here has demonstrated to asian leaders that the pivot to asia policy will continue in his second term. southeast asia is strategically important, located between china and india, and along the route of important sea lanes that power the world economy. it's also a growing market with a population of more than 500 million people. china has been trying to increase its political and economic influence in the region. the united

chinese who live in poverty but it sure makes rivals nervous china's economic clout has grown it is now the second largest economy in the world it's the second largest manufacturing exporter in the rimini the trainees currency is playing an increasingly important role in the world economy so there is a shift in relative economic might in the world that might have been threatened by the slowdown and it will go up to china's new leaders to try to reverse the trend for now they seem to be getting their way china is inching into europe to snap up ailing businesses this french vineyard is just one of the casualties. but that these people they come here in the i learned just like to buy it but castle jewelry on iran u.s. sanctions against oil trading with the islamic republic don't apply when you're america's largest banker. in africa china is using cash to buy clout beating western rivals in the race to exploit the continent's vast resources in its efforts to buy influence through investments have been met with an intense public backlash and countries like pakistan building infrastructur

for our economic ills.nties about the situation in europe, and especially about the prospects for federal fiscal policy seem to be weighing on the spending decision of households and businesses as well as on financial conditions. such uncertainties will be increased by discord and delay. in contrast, cooperation and creativity to deliver fiscal clarity, in particular, a plan to resolve the nation's longer term budgetary res without harms the recovery could make the new year a good one for the american economy. thank you very much. [applause] >> we've been listening to a speech by fed clairm ben bernanke in new york. we'll go back in a few moments for a q&a portion of the event. wanted to bring you here of give you a sense of what he is saying. the mark is not moving, but he talked about the fiscal cliff, recession because of it, the foreign market, europe, uncertainty there, and qe3, and ben bernanke saying, yes, we've seen some positive effects of our bond buying program as you were discussing. >> right, o

i don't see any economic wisdom in it. i covered this in the editorial in the "wall street journal" this week. the period is when the economy has really grown is when we've been cutting tax rates. here's the one last point if i may. i listen to that whole press conference the president gave the other day. and here's what struck me. i didn't hear one time talk about cutting government spending. >> come on. you went to the soda machine if you didn't hear it. i agree with you. he was vague. he was a little unspecific. but he did say it's time to take a hard look at entitlements and spending. i would agree the criticism -- >> he didn't put anything on the table. he's never put anything -- this has been four years of this president. what spending cuts? they're not in his budget. they've never been in the budget. here we are opening up a new session. i'm suspicious that those cuts are ever going to come. >> you are suspicious that they're going to come? i kind of get everybody in the world now gets this issue. i imagine i could

just like the rules of the economic game determine how the economics of some plays out. now we have political rules of the game like citizens united that we move closer to a system that $1/one-vote that is self reinforcing with more political inequality that generates four loss of regulation one example i could find astounding is the bankruptcy-law. nobody normally is interested. who gets paid first? of the derivatives. they put it in when nobody else was notice same. who pays attention to bankruptcy laws? so you encourage economic activity. student loans cannot be discharged. even in bankruptcy. the banks do well sell it has tuition going up the tests of the cutback of the state budget. and come is going down but the only way people can afford it is the borough then they get she did as a lot of them have been particularly with the for-profit private schools. the results is if you don't get a job with the recession it is a news around your neck. >> host: teachers. what ehud telling people looking at those tuition bills and unemployment? >> >> this is so rare is the 1% to

the right economic path is clear. it is what the president has called for in terms of addressing our fiscal problems, protecting the middle class. the senate passed an extension of the middle-class tax cuts. that could take a good deal of the concern, the anxiety over the fiscal cliff off of the table if the house of representatives where to do with the senate did not, pass that bill. also continue to support the economy in the short run. if those actions are taken, we will see a continued decrease in unemployment. >> what do you consider today full employment? >> if you look at the out years of our budget when we think the economy has recovered from the deep crisis that began in 2007, we had the unemployment rate in the 5% range. there are a lot of factors that affect the national rate of unemployment. some have to do with the demographics -- the demographic structure. if you want to get a sense of the unemployment rate, look at your 9 and 10 of our budget. >> how would you advise business people? how would you rate

this was the basis of the economic system of the elites in ancient copan. for the noble, the system worked well. the more dependents he controlled, the more powerful he appeared. but the system also created a problem. what was he to do with such a large family of elites ? i suspect that one of the things is what do you do with these people ? these people are too noble, they're too elite, they have too high a social position to be menial farmers. so what you do is you provide them with elite patios and you have them be your priests, you have them be your artisans, you have them be your tailors that make your costumes and your feather work. and that's what we see in this patio. that's what we have here. keach: so the lord supports his extended household, and in return, they produce goods exclusively for him. this is specialization, but not one based on buying and selling. it was a closed economic relationship, so limited to a family that it had little effect on the economy of the larger community. but what about the larger community ? ordinary people living o

and the us could return to the path of economic growth.if you are passing through russia's to very region you really can walk on the wild side thousands of kilometers of unspoiled countryside make up an area where it's still possible to live off the learned and enterprising locals so the fruits of the forest by the side of nearly every road such spectacular scenery makes it a paradise for fisherman and provides a business opportunity for hunches. you know he has been hunting for more than thirty years and works for a company providing expeditions for tourists this season ducks are on the menu. for two things a successful duck hunting. and a bubble silence which means that i need to be very quiet i'm not going to write in the. office. but when you've been in the business as long as he has the birds don't stand much chance. there are defined hunting seasons in russia but lax enforcement means many animals are killed out of the allotted times which can leave young animals orphaned and unable to survive but environmentalists are fighting back

economic incumbents. favor incumbents last. that pakistan had in the area of dramatic in the 1960s, pakistan was created today, right? but think about korea, samsung, but in the 1960s that was pakistan. people thought that was going to be a huge success. they are a back ally of ours. what happened in pakistan if you have this open space and you had a bunch of people rushing to take advantage of the opportunity of would've a strange country, a lot of folks in the punjab came over, a very tumultuous time that created a lot of economic opportunity. the problem was there was no act ii. this families got control of the political apparatus. the people talk about instability in pakistan could analytic standpoint. there hasn't been enough instability. not political instability, turnover presidencies, but the actual economic structure has been dominated by the same small groups of people. same thing in egypt. pakistan and egypt are different stories. the military in both countries controls upwards of 40% of the economy directly on the r

not an economic question. why is anyone talking about fixing social security and medicare in the next six months, or the next for that matter five or six weeks? as part of a grand bargain. why are we discussing this? even if there were a few irrational people saying these sorts of things, why would anyone take it seriously? this shows the answer. this is one of the ways that you can cut social security, efforts that have been discussed as a possible part of the grand bargain. monique mentioned another one, raising the eligibility age. this is using changed cpi, consumer price index. it's an alternate measure of inflation. i'm not an econometrician. i defer to experts. the point is this actually appeals to individuals and organizations who want long-term social security cuts. now noticed that the erosion of social security benefits by changing cpi is a key and it gets worse and worse as you get older. when you're 65, less than 1%. if you live to be 95, assuming this has been adopted, then it's nearly 10% cut in

if you look at the economic recovery, the numbers in terms of income distributions in 2009 and 2010 economic recovery, a couple of economists, guys who were the real data jocks on income distribution especially at the top, they crunched the numbers for 2009, 2010 and found the economic recovery, 93% of the income recovery in that period went to the top 1%. what was even more astonishing, they found, 37% of the recovery went to the top 0.01%. admitted leave those people at the top had been hit particularly hard as they tended to have financial assets that had gone down but that is a pretty big rebound. in the top 0.01%, amounted to $4.2 million per family. when you think about this polarization in america, why are these different views throughout the world part of it is they are very different worlds that people are in happening. having said that, my premise is this isn't just a case of the rich have always been with us. something different is happening and it is important to talk about it, to research it and figure out what is going on. but actually there's a real reluctance, and i would say

about western especially american economic model. is for going forward in china now the corruption that's a huge issue is population this is a pervasive sense among young people that the party leadership is not. in touch with aspirations of the younger generation or the people generally and this is a question of the very legitimacy of the party and that i think if we challenge that they're going to have to address you're going to have to have a much more convincing reestablishment of legitimacy that the party is actually leading the country with the best interests in mind and not simply interests of their own families and in their pockets and that's a difficult task. turning from domestic and that is let's talk about foreign policy now there are territorial disputes in east china in the south china sea with of course the us getting involved in that is to how do you think relations will develop between beijing and washington and there is talk of perhaps a military clash being likely is that really possible. well the chinese are very c

economic powerhouse. many enjoy the fruits of prosperity along the path to a new china, but millions are missing out. at a time of growing public discontent, members of the communist party are choosing their new leaders. "newsline" correspondents will report from the party's national congress. don't miss our special coverage, "china: the next generation" starting thursday, november 8th at 8:00 p.m. japan time, here on "newsline." >>> china is the world's second biggest economy and party members were watching what happened in the first. ramin mellegard joins us from the business desk. we saw many americans celebrating the re-election of president obama but it seems the mood was different on wall street. >> it really was. we're seeing the reactions following the elections. investors really concerned about tax and spending issues and that's going to be a major focus going forward. government spending cults and tax hikes are set to go into effect at the end of the year. the so-called fiscal cliff. investors w

of course, economic and stealing our economic secrets. a final thought is whatever we want to do with asia as a whole, including china -- and i want to stress what campbell stressed, we're talking about asia, we're not just talking about china. it's a huge reason, that was the impetus for the pivot. it started in 2009, and it goes well beyond china, and it's the way to deal with china contra to any criticisms you're getting from architects, i couldn't agree more with your approach. but all of this is irrelevant if we don't get our act together here at home. if we don't solve our economic problems, and we've all said it, particularly chris, how promising it is if we can get through this, everything else we do in foreign policy is irrelevant. we've got to do that for credibility as a world leader, credibility to our allies, credibility against our possible adversaries, getting the resources we need and giving the american people who have been through tough times, therefore, will be tempted to withdraw from the world. if there aren't economi

when we talk about economic development or prospects on this show we typically talk about debt about private sector innovation we talk about monetary policy probably much of the time we talk about fiscal policy we don't often on this show talk about economic prosperity is primarily a function of political institutions but that's what our next guest thinks is the most crucial maybe we have it all wrong here at least if you believe political institutions play the role that james robinson does his research are a comparative economic and political development is the david lawrence professor of government at harvard university and is author of the book why nations fail so thank you for being on the show works i didn't have you wanted to talk about things from this perspective but my pleasure when i was in the yes so what role do political institutions in your view play in economic growth why are they so crucial and why is this distinction between inclusive and extracted so crucial well let me let me start by saying that everything you mentioned before was absolutely really important you k

financial times and could benefit creditors like vulture funds in general but what influenced the economic development of latin american countries like argentina more broadly versus say their neighbors to the north james robert robinson author of why nations fail is here to discuss and here in the u.s. president barack obama reportedly speaks with corporate c.e.o.'s from firms like caterpillar and goldman sachs about fiscal cliff solutions here's what he said to the public. and i'll go anywhere and i'll do whatever it takes to get this done it's too important for washington to screw this up. but it's washington and really once again the nation's economic fate may be held hostage by negotiations at the highest levels of government where does this properly we'll talk about it plus manufacturing is slowing and businesses are worried about the fiscal cliff that's according to the fed's beige book out today what is the beige book anyway and who cares we'll tell you why it matters and word of the day let's get to today's capital account. when we talk about economic development or prospects on th

but if washington really once again the nation's economic fate may be held hostage by negotiations at the highest levels of government where does this properly we'll talk about it plus manufacturing is slowing and businesses are worried about the fiscal cliff that's according to the fed's beige book out today what is the beige book anyway and who cares we'll tell you why it matters and word of the day let's get to today's capital account. when we talk about economic development or prospects on this show we typically talk about debt about private sector innovation we talk about monetary policy probably much of the time we talk about fiscal policy we don't often on this show talk about economic prosperity is primarily a function of political institutions but that's what our next guest thinks is the most crucial maybe we have it all wrong here at least if you believe political institutions play the role that james robinson does his research are a comparative economic and political development is the david lawrence professor of government at harvard university and is author of the book wh

needed reforms the country's economic malaise is going to continue and that could well lead to social unrest and potentially lead to a threat to the actual part of the party itself when you talk to people here on the streets the biggest concerns at the moment are flailing economy and of the growing gap between rich and poor a lot for the new leadership to do and people here hoping that new guidance will lead to greater economic success. the second largest economy in the world that china is promising to increase its influence all across the claim and as you see catherine also reports some dishes are subtle ways on his growing economic. lighting the flame on the international stage building to new heights on this world . and soaring beyond its limits whether it outer space the arctic outer continental shelf or on your local store shelves china is making its ambitions known let's see this is made in china. made in china china where cheap economic goods have translated into massive profits for china as well as criticism now list comes amid growing concern that china is using its economic

how successful are we economically. um, and so i do think it is, i think resolving the fiscal thing is of essential importance to our business community in terms of deciding how much they're going to spend, where they're going to invest, how many people they're going to hire and, therefore, to our position in the world. not just the problem of our debt and deficit, but unless we, unless we create some certainty in washington, i've become convinced -- i'm a little skeptical about what business people say. i've been around them a long time, and they're always whining and complaining about something. [laughter] but i do think in this case they have a point. you know, the single -- second biggest drop in consumer confidence in this country occurred when we have the debt ceiling drama. not 9/11, i think katrina was the biggest, but the second biggest in the last four years was that event in terms of consumer confidence dropping. government, i think government right now, frankly, has been part of the problem, not part of the

well they have to look for example to the united states a different type of economic approach is turning the economy around we have to listen to nobel economics laureates like stiglitz and others who are saying we need to invest in our economies how can economies recover if they are being stripped down it's all wouldn't be people being deprived of the purchasing power through loss of jobs through loss of income which means they won't be putting money back into the economy to generate production it's a failed and the sooner the government understand that the way for the better now when it comes to the outspoken demonstrators continuing to amass across the entire continent as we speak right now our correspondents through major european capitals keeping us posted both online on air as well and on twitter but let's talk about her for example in rome some of the protests there have actually coagulated now into one to heave ng mass in madrid at least sixty people detained over thirty people injured now we're getting reports that madrid riot police are using rubber bullets is that a disproporti

china said to archer in a new group of leaders amid growing economic challenges and calls for better government a week long party congress that will perform the power transfer is now underway journalist andrew morton says reforms have been the key word in the build up to the meeting. yes senior members of china's communist party meeting just behind me here in the great hall of the people on here and i'm in square for the opening of the eighteenth party congress a congress which will see the beginnings of a once in a decade leadership transition when president hu jintao begins to hand over the reins of power to the next generation of chinese leaders vice president xi jinping widely expected to become the next head of states now president who has just finished giving his last speech as general secretary of the communist party he's going to stand down as general secretary at the end of this week paving the way as i say for she to take over as general secretary and then as head of states in march two thousand and thirteen reform has been a buzzword around this congress has been mentioned

china remember this session of china it's a w t o in two thousand and one do you think a similar economic miracle economic breakthrough can happen can be expected in russia in a year two years five years what's the period in which i don't agree you should compare russia china our economy the political different is different because it is a rug it's being grounded in a different way. we have different compared to a dreadful just respect to lead the world to impact our developments but not just. not in the same fashion as. china and many of the russian had regions the governor said they would call them in the state report they are not ready they are not ready for the new. framework may be a catastrophe for a region or at least for the head of the region if you would fail to adapt to the new circumstances i don't think in those regions in fact phases travels because of the accession for two reasons reason number one is during the last ten years we have. governess of almost a sixth arrest regions and most was agreed to adopt a special plan. in turn and plan on how to adjust to target circumst

been to the world's economic headlines and capital comes. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch all its hear all you need is your mobile device to watch our t.v. any time. good afternoon welcome to capital account i'm more in the store here in washington d.c. these are headlines for friday november twenty third two thousand top. edu budget talks have collapsed the wall street journal's matina status reports wealthier countries say there just isn't enough for strain in the plan so is this a sign of disintegration in the beleaguered euro zone for business political theater one o one of the type we see so often in the us surrounding a budget or say raising the debt ceiling well ms devis is here t

years of economic growth paid off that same year. china surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government, with its growing leader, started to flex its muscles in the region. it wrangled with asian nations over control of ireland, in the south china sea, and the east china sea. >>> now we're joined by our correspondent in beijing. you're in the great hall of the people listening to president hu's last speech as communist party general secretary. what do you make of what he said? >> reporter: the most notable part of the speech was when he spoke about an idea he's long supported. he wants to make scientific development, one of the communist party's guiding ideas. it calls for a review of the party's growth for economic policy by promoting sustainable development, which takes into account social welfare and the environment, making this idea a guiding principle would be part of hu's legacy. it would give him the stakes of past leaders. and it would help him keep

help them economically.and fifth, area b is 21.7% of the west bank, proving i have not spent any time on this issue at all. and you know, they are the palestinians have some responsibility for law and order but they don't have responsibility for security. they have the police presence and i would like to see the police presence which has coordinated. i would like to see the police presence biltmore and allowed to expand. again some sending the same message about how they will have control over their own future. six this area a map. area a is where the palestinians have civil and security responsibility. the israelis on occasion go back into area a and they go in for security reasons. this was raised with prime minister fayyad. would you come to an agreement on a set of criteria and affair met the israelis don't come back and from the security standpoint and if they they're not that they have a justification to come back in. those are six steps and i have a seven step but it's mutual so i want to save it. on

should be -- economic risk. must have -- winning the tough battle of economic structure the change of growth model and increase the vitality of -- [applause] >> path of and promote the reform of the structure. people of democracy is -- by the party of the structure is an important part. we must continue to make both active and prudent efforts to carry out reform and political structure and make people's democracy more extensive. must ensure the unity of the party. the that decision of the people as mastered of the country. and more governance. guarantee the fundamental position of the people as masters of the country and to -- the of the party and country and keeping the motivated. we should expant socialist democracy based on the rule of law. and promote socialist progress. we should place greater emphasis on the way the party exercises leadership and the governance to ensure that it leads the people in effectively in governing the country. we should attach greater importance to the improve the system of democr

is obama providing economic opportunity? he inherited the worst economic crisis since the great depression but the president is now held responsible for a continuation of high unemployment and minimal hope for its improvement and also for increases in the debt and deficit. his job lts wislation proposals are not being well-received by republicans. the administration has not propose any innovative resolutions for the severe downturn in housing. some believe he should have supported and promoted simpson-bowles deficit reduction proposal. he has not bmeetin rtele to significantly expand economic opportunity. how has obamaarased the tobsls leadership? he attempts to communicate his vision and proposal but he has appeared so often on television that overeublosure was occurrinr he is a capable public speaker but his speeches lack the spirit he showed during his first campaign. he seems to lacversthe coficunication skills of fdr, reagan or clinton. obama frequen-by comes across as a teacher or a motivator and not a motivator. he fa

and yet understand economics development. to some extent and has made a certain more door to be studied if not to be followed completely for now a growing red dragon means that china's version of a new world order is here to stay. r.t. moscow. expert ten below believes that china is minus military spending compared to the world's biggest economy the us is among the country's main advantages. there's not going to be any great change in policy. there may be tactical changes. she didn't know. who he will take over the leadership next year china is catching up it's returning many ways to position and head up to the eighteenth century not months whilst large. military expanded has been going up but it's been going up in sync with the economy so the proportion of. that it spends on its military has named about two percent something like that and that is half the american can spend . much more than anyone else on the fence they have about forty two percent want to trick spending as a percentage of their g.d.p. it's twice that of chi

: as china's economic power grows, friction, as well as economic ties with the u.s. are bound to increase. whoever wins the presidential election will have to balance the tough talk with constructive action. >> earlier i spoke with susumu kojima, who has been following the u.s. election. susumu, obviously campaign talk is sometimes just that -- talk. but why did both candidates target china? >> well, the main theme of this election is the economy, more specifically, jobs. obama and romney have competing visions for how they will get things back on track. in some cases they need to give american voters a simple reason to explain job losses. so both candidates point to china as one of those reasons. some americans would buy their explanation. they see chinese products and investments everywhere in the u.s. there's another aspect, though. both candidates have to present themselves as a strong leader in the face of a rising china. the country's now the world's second largest economy. its military is growing. the u.s. is also shifting its focus to the asia and pacific. >>

this comes amid growing concern that china is using its economic clout for political leverage. different. try not is a very promising country i'm sure you can get your top but you i think trying trying less than find the i.m.f. says china could surpass the us economically in real terms by twenty sixteen it may not help the countless chinese who live in poverty but it sure makes rivals nervous china's economic clout has grown it is now the second largest economy in the world it's the second largest manufacturing exporter in the rimini the trainees currency is playing an increasingly important role in the world economy so there is a shift in relative economic might in the world that might has been threatened by the economic slowdown and it will be up to china's new leaders to try to reverse the trend for now they seem to be getting their way china is inching into europe to snap up ailing businesses this french vineyard is just one of the casualties. but that these people they come here in the buy learn just like to buy it but castle and jewelry on iran u.s. sanctions against oil

decade has witnessed this country transformed at tremendous speed and become the second largest economic power in the world what can we expect over the next decade from china many are wary of china's rise the real worry though is how the rest of the world reacts to that problem. and a. little. cross from china's new geopolitics in the twenty first century i'm joined by jonathan whole slagged in brussels he is a research fellow at the brussels institute of contemporary china studies in washington we have brian becker he is a national coordinator for the answer coalition and in san francisco we cross to drew gladney he is the president of the pacific basin institute and a professor of anthropology at pomona college i gentlemen cross-talk rules in effect that means you can jump in anytime you want jonathan i'd like to go to you first we have a transition in china a ten year transition now we're going to have another ten years under this leadership what's the difference going to be. well i think essentially it's a choice for continuation we have a line a peer of seven fairly conservative lea

and the us could return to passive economic growth. under the rug. we should not iran to cut the budget bring the troops home we should end the war in afghanistan. let's. i mean so the only city in europe i'm the host of the twenty fourteen winter the picket. sign see. a. tsotsi. bank the. way a. dog days or. the fridays it. makes common. to see it's so true. well. science technology innovation all the latest developments from around russia we've got the future covered. jack goldstone a us writer around sociologist specializing in many things including global population trends and also the cultural origins of economic growth it's great to have you with us here today thank you now even before the year inception some skeptics were coming out and putting out arguments on why the euro wouldn't function and decides to economic arguments to were also saying the cultural differences were the huge problem between the different you states saying that labor habits are different spending and saving practices are different and many other reasons so how much of a

i think about this, it will achieve something since 1987, repair a blighted part and put it into economic use. two, removes significant liability for the port. we are investing little money with respect to commitments on the america's cup to ensure the promenade and pier remain attached in event of seismic event. we will get another berth we desperately need at a cost we currently cannot afford. it is clear from our projections that will go away without investment in future as near as possible, ten years. we are making investment in northern waterfront of almost a hundred million to keep the business in san francisco. in doing so we are attracting business. that is important. it is to host fleet week. ships are getting bigger and bigger. when working with piers built in 1914 they weren't built for these types of ships. 30, 32 affords us that advantage. we are getting half million square feet. we are building a park for 54,000 feet at cost of 32 million, very similar to what is at piers 3032. this would allow us to get half million square feet of landscaped parkland plus additional open sp

essentially make a change in terms of economic political reforms have been largely sidelined and replaced to for example the state council so i think probably we will see more of the same i really don't dissipate a lot of bold and fundamental reforms in this country in the next five or ten years ok brian where do you come in on that ok because you know we've everyone's been watching china china's rise you know when does it arrive well china has quite a ways to go in terms of becoming a fully developed country as it self admits i think that jonathan is right that the leadership chooses they have continuity they want stability they have a clearly defined and highly refined foreign policy which basically suggest that what they're mainly concerned about is there are peaceful rise as they describe it but they're china's under a lot of pressure because you see a growing pressure from the united states in particular from japan and from proxy governments or governments who may not consider themselves proxies but may ultimately function that way in the asia pacific so what the foreign policy and w

years of economic growth paid off that year. china surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> reporter: the congress opened thursday morning in beijing's great hall of the people. it's about a ten-minute drive from our studios. i went there to watch it unfold. 2,300 delegates from across the country gathered inside the great hall of the people. >> reporter: president hu jintao is now in the midst of giving a work report on past achievements and future goals. >> translator: the communist party has united all ethnic groups across the country and led the people. we have also transformed the old, underdeveloped china into a new china that is prospering every day, but we have to realize there is room for improvement in our work. the unbalance of development and the lack of sustainabili

favor incumbents last, economic incumbents. alpacas and had an era of dramatic growth in the 1960s pakistan was korea today. or think about korea, date and samsung. people thought that was going to be huge success. they are a huge ally of ours. what happened in pakistan if you had a bunch of people rushing to take advantage of the newly created country. a lot of folks from the punjab came over, very tumultuous time. but it created a lot of economic opportunity. the problem was no act two. those families got control of the apparatus appears to people talk about on stability pakistan. from an historical standpoint, there hasn't been enough instability. not the political instability, turnover and president, but the actual economic structure has been dominated. same thing in egypt. mubarak left, the pakistani egypt are different stories. the military both countries controls upwards of 40% of the country directly and the rest is a small group of elites. so that is what is the lack of big trees falling in creating the new. that gets

half million square feet of landscaped parkland plus additional open space, plus all the economic benefits in form of fiscal feasibility report. we don't have that balance sheet in our wildest dreams to invest 120 million to accomplish those goals. it will take a big idea. that was my exact testimony. it will take a big idea with lots of benefits. as i was listening to ms. mathis's presentation, i was thinking this will hurt partners in oakland. it is challenging for all of us, but one i'm hoping we can take advantage of of the waterfront and keep this as economically viable as possible. those are the thoughts. i'm happy to take questions if you have them. >> thank you. supervisor kim, did you have a question? thank you. why don't we go to the budget analyst report. mr. rose. if i can ask you to go to the poem. >> madam chair, members of the committee, we have a conclusion and report on page 18 where we state the proposed development appears 3032 and seawall lot 10, including rehabilitation of the property at pier 30, 32, multipurpose arena for golden state warrior games and events. public