it's not that way at this time but normally you have a burst of economic growth and in your income goesig growth in tax revenues and let's see if we can fund all those things with that. .. >> >> that is another reason why consumption would be better as a tax base. how does that boost economic growth? the broader base allows for lower marginal rates and that results in greater work savings, investment and higher productivity with lower cost which results in an increase in jobs and wages. so it does approach though worker. with international trade deal with u.s. businesses and business activity the same. it would give corporate headquarters to the west to keep them here. lately corporate headquarters leave because of the very high a corporate tax rate. but also because of the system with the taxes from the producing country are taken out. all in all it would result in a territorial system through the u.s. produced goods. here is the table that summarizes how strongly the disadvantage with u.s. production is. for the goods sold in the u.s. market they pay both income and payroll taxes are

it also looks at the impact on economic growth in year one, year five, and your tan. and i have to point out a missing decimal point. year 10. be 11% in withows similar results all the variables, getting an immediate economic impact in the first year and persisting well beyond 10 years. went out 25, but i figured this would give you the idea. in thensumption goes up fourth column. when people have no income tax and more payroll tax, they have more money in their pockets and more ability to spend. dpi, disposable personal income, shows that even when you take , theax into account spendable income is still higher than what it would be under the existing system. this study measures a concept we call welfare gain over the long run. could think of it similar to an increase in economic well-being, increase in power. it shows that for all three income groups, low, middle, and , that the welfare gains reach all groups. greateste has the improvement, middle income getting the second-best and blue, high , being least improved, so it is a very progressive result. getting into the

economic growth -- growth has led to a property boom. when he comes to the city he is surprised at how many new buildings he sees. panama is now one of latin america's fastest-growing countries. he attended university and gained experience working abroad. he is now using it back home in panama. but not for big money. >> the country has another side. ongoing property. people who lack access to education. there are still fundamental problems. human dignity and adequate nutrition. we think that there is room for improvement and a need for action and we young people must take over the responsibility. after all, we make up the majority of the population. >> nearly 40% of the people panama are under the age of 25. most educated and outdated and overburdened schools and universities. the emphasis here is on discipline rather than encouraging students to think for themselves. he and his friends refuse to accept that. in their free time they organize workshops in their schools. everything is work out together. nothing is compulsory. the people ha

it's supposed to be focusing on expanding economic growth and creating jobs.er issues are complicated matters. russian president vladimir putin is facing criticism because of new reports that russian troops are crossing in to eastern ukraine, moscow has denied the allegations. british david cameron has warned there could be more sanctions. u.s. president obama said washington would continue to take a leading role in vital global issues including the cries let ukraine. >> we are leading in dealing with ebola in west africa. and in opposing russia's aggression against ukraine. which is a threat to the world as we saw in the appalling shoot down of mh17. a tragedy that took so many innocent lives among them your fellow citizens. >> well, al jazerra's scott joins us now live from brisbane, the issue you, scott, of the ukraine crisis not agenda of the g20 but looks like leaders could be ready to talk about it, they have been talking about it already. >> reporter: they have. and, yeah, it's more been on the sidelines if you will. obviously the rhetoric leading up to

been a perfect environment of good economic growth, but not too good. e profits increasing through cost cutting and revenue growth. andugh low interest rates low input prices. it has been a very good environment for corporations to increase earnings, gross earnings and grow their stock prices but the american public and the american worker have not seen that. >> the you think they are going to now see it? there has been this call for wages to increase at some point. we have already seen some improvement in job gains. how is that going to feed into the market? election plays into it from our point of view, the stock market continues to go higher either way with cooperation between the administration and congress, the market goes higher quicker because we should get better economic growth and better wage gains. >> connect the dots for me. cooperation we see better economic growth, why? are areas of mutual interest between the administration and the republicans. the keystone pipeline, repealing the medical device tax, energy policy. they can work together t

we'll get economic growth. we don't have economic growth. these are first rungs on the ladder jobs.ou should not be raising your family on minimum wage drops. neil: that's the way it could go. right? >> it could go if you look at, first of all, what the administration has already done that is raise the rate for contractors. there are new contracts you have to work out. it's not as easy. we look at these executive actions that the president is trying to undertake, circumvent congress. you have to change the law and states are doing this on individual levels. as we've seen gridlock on the national level. one of these places you can't forget about are these referendums. i'm open to raise the minimum wage and let's avoid this debate. we'll never get there though. >> and they'll never be happy. you can never give them enough. they'll consistently be protests for more. so you can never give out enough money at this point. you're not going to win. you can raise it to 20 bucks an hour, they will still ask for more. neil: do you think that will be the big issue tomorrow too? >> it's a distra

here ist i want to make that economic growth drives the deductions. about 2% of gdp for the last 50 years, so the best thing that can happen for charitable deductions is for the economy to grow. i am going to skip the housing part because that's kind of complicated to explain in a short amount of time. up with why irap think the fair tax is the best. it promotes economic growth wages.esults in higher it puts workers in u.s. businesses unequal footing with the competition. it's fair and simple, transparent and understandable, and uniquely, everybody pays the tax. even though we say the poor pay no tax, it gets rebated back thehem, but when they go to store to buy something, they pay. they see the cost of government. thank you. >> we have for any questions. we have a question i came across the internet. it says, if i understand it correctly, social security payouts are based on what is paid in. taxdoes this play out, fair -- on the fair tax. if you want to answer, go ahead. i also know the answer. >> go ahead. >> the fair tax bill is written so that an

that is exciting given the economic growth. but that growth comes with many challenges that includes the rising of energy demand. the rising of energy demand is not a good news that we have to curb those energy demands by various measures. and also, with the growing population just has 3.3 billion population. and imagine how many population in terms of energy access particularly for electricities. so in terms of energy demand in the region actually by today, by now until 2035 for asean and east asia it will grow up to 8,500 million ton. in terms of energy perspective an enormous issue is how we secure reliability energy in terms of affordable price by signaling how much can provide access. to say that i think the issue we are facing is providing energy access and keep energy securities and also the issue to keep economic growth. so another point is we are at the cross road that we -- so how actually asia perspective and position in terms of energy security. i think it depends on how you look at energy security [ inaudible ] in t

data bad stuff that lies in the past there has been a change for the ordinary freedom in the economic growth and it will not continue. the evidence of history is clear on that. they have a lot of positive evolution. >> host: professor of professor of economics at the university and codirector at the new york development research institute which is the development research institute. >> guest: it is funding the research on how it has happened. we had the success project that does bubble up. >> host: the most recent security of expert the forgotten rights of the porpoises booktv. he did have some advantages. let's start with the territory, 750 square miles, the agricultural empire and the union wasn't there. >> that is exactly right and that's something a lot of people don't really appreciate because it's so obvious that it escapes attention that unlike most revolutionary movements, the confederate states of america began with complete military control of nearly all the territory they claim to control. they didn't have to fight to gain control of statutory of the political institutions. they a

economic growth heads the agenda. other issues loomed large. >> reporter: the focus of this speech was expected to be the united states strategic pivot towards asia with a not towards the talks to come. unexpectedly a main theme was the environment. >> as we focus on the economy, we cannot forget the need to lead on the global fight against climate change. >> reporter: more than 6 month of the president's speech was devoted to climate change, in what looked like a direct rebuke to australia prime minister who made it clear he did not want climate change discussed at the g20. if tony abbott was stunned, president vladimir putin was isolated. all but ignored by other world leaders over lunch. russia's actions in ukraine loom large. the obligatory handshake between host and guest was more firm than friendly. >> few people were protesting against vladimir putin, but there were marches calling for action on climate change, more right for aboriginal australians and higher taxes on banks. it is economic growth that will domi

but it will be the economic growth that will dominate the g-20 talks. 2 could include sÁnchez who lefthis home of spain. he has been working on a brisbane road tunnel. >> after lee or four years of very hard work. to be able to drive my family into the tunnel and say i incorporated some of this, this is very rewarding for us. >> the economic activity that the tunnel will help generate should help pay its cost many times over. this is the sort of scheme they want to see more of. the aim is to increase economic growth over the next five years and push big infrastructure schemes is one way they think they can achieve it. australia asked each g-20 member to bring their own plans for growth to brisbane. >> yes, our world can grow. yes, our world can deliver the jobs that our people want. this conference is about how we will deliver. >> officials talk only began late afternoon brisbane time. by the same time sunday the aim was to have a firm action plan to boost the world's economy. al jazeera, brisbane. >> still ahead, a plea to help refugees in kenya. plus thailand's military rulers have a

happily sacrificed, it is the national gross domestic product growth rate, the national state justifies itself partly as a custodian of economic management charges with promoting growth. the broader lesson is that the excessive emphasis on development of nations over development of individuals was yet another tragic, misguided choice on the road to forgetting the rights of the poor. >> guest: yep. >> host: isn't gdp important? >> guest: of course, is important. you know, what we fail to realize is that rapid growth is often the result of a lot of noise going on in the economy, you know? you might be lucky to have a good harvest, you might be lucky to have high commodity prices. you might be lucky to just get a measurement. the measurement, problems with measuring gdp are enormous, and the difference between alternative estimates of the same growth rate can vary by as much as four percentage points. what often unintentionally happens with high growth rates is we give e enormous credit to- if there's an autocrat on the scene, we give enormous credit to that autocrat and give him all the -- usually him -- give him all the credit

economic growth, of course. it would be easier to start a company, easier to grow a company, greater rewards for growing a company. all that would lead to greater economic growth and less of a need for a higher tax rate. it would as the congressman said it would improve our trade position and the other issue i would like to raise before it it comes up, people often as me as an advocate, why are you for the fair tax because businesses wind up being the people dealing with the tax system. especially your retailers. why is this good for retailers? i point out that every retailer in the country right now has to deal with the sales tax today. but they also have to deal with income taxes, payroll taxes, and all the rest of the plethora of things i have already mentioned. we had the fair tax all of that goes away for the retailers. only thing they have to deal with is that sales tax. so why yes they may be more burdened than the consumers they are less burdened than by the system we have today. for all those reasons an

and he wants it to be all about economics, all about growth.s commitment from the g20 countries to increase the overall g.d.p. of nine world by two percentage points more than it would already be in five years. as you say, that could create 200 million jobs. and in here, are the outlined proposals on how the countries planning to about that. of course, it will be up to the domestic politicians and domestic countries to get their own initiatives through. of course it's very easy to commit to something at a conference here. when you go back to your home country and have to get it through parliament or congress in the united states' case, much, much harder. but if these proposals are committed to, if they are put in place, then it could make a huge difference to the world's economic growth. interesting, too, what else is in the communique that perhaps wasn't anticipated a whole paragraph on climate change, australia's government said going in to the conference they didn't believe climate change should be part of talks, it wasn't close enough to th

, at least it used to be that way -- it's not that way this time -- but normally off burst of economic growth and then the income goes way up, and then you have a big growth in tax revenues and, oh, let's see if we can fund all these things with that, and then when you hit the next recession you have a level of spending that you can't sustain, and then you get into, well, where we are now, borrowing, what, 40% of what we're spending or something close to that range. the point -- the thing i want you to just to observe from this though is that the red line is the income tax base change from year to year and you can see that the ups and downs are much more variable than they are for the personal consumption expenditures curve. actually adjusted gross income goes as low as a negative 7% growth in 2009, and in that year, it was a bad year. in that year consumption went down less than 2%. so that is another reason why the consumption would be a better tax base. so how does the fair tax boost economic growth? the broader base allows for lower marginal rates and lower marginal rates result in greate

. >> china's economic growth rates may be slower, but it's real growth remains considerable. the size of the chinese economy is no longer what it used to be after more than 30 years of rapid economic growth. >> china's latest deal with russia secures the natural gas it needs by the end of the decade. the delivery of 67 billion cubic meters is still under half that -- what moscow supplies to europe. >> the value of the ruble has fallen sharply in the past week as russia's central bank allows the market to set its value. around 3% against the dollar. let's take a look at what's happening on the stock markets around the mid-and in the trading day -- the midpoint in the trading day. oil companies are gainers as energy prices rise. that is helping shares in france. club med is up. a quick look at some of the days companies -- company news. a five-month strike has caused -- cost them more than $300 million. it was reported that $326 million -- down from a profit of 140 million. burger king is to open 12 outlets in india in the coming months. they will are those hamburgers with chic

the internet has been an incredible engine of economic growth for this country mainly since -- and i believe for a lot of reasons, bun of them since the '80s the rule has been cable, phone companies, you cannot mess with us. it's like hands-off rule for cable and phone companies. so you could say, all right, well, we could relax that rule, and maybe they could do some stuff for poor people, but, you know, if you want to do stuff for poor people, maybe just subsidize it directly instead of destroying the engine which has produced so much economic growth and new stuff for consumers. you know, i'm all about programs that subsidize broadband access for poor people, i just don't think it's worth doing it by trying to, you know, give cable companies a way -- and the other thing is, you know, it's sort of a public relations thing. all right, we've got this new program for poor people, great, but it also offers the possibility of other revenue streams which we will use to try to suck money out of the internet economy. it's an attractive poster child to try to justify a much darker motive, so

we are not too hot and not too cold economic growth.everies that can do and where companies can continue to make money and in central banks, i would pass that on with employment growth and when that definitely figures in a lot of the rhetoric from all central banks that need labor to be engaged and are gently inclined to participate in the fruit of economic recovery. a tight rope that they are walking, it always is but in my opinion there probably doing quite well at the moment. to beenough growth realistic and supportive of credits and investment opportunities and securities markets. andhreat of inflation interest rates that may stay lower for longer. thet's funny that we use word goldilocks because without being confrontational it probably belongs in books. stimulus and low rates and we are still not in a position where we can have a 25 races point rate hike. what makes you think that in the next 12 months things will change. -- change? >> the fact that this has been , and on for five years certainly this is an economy that has seen s

but normally, you have a burst of economic growth and then the income goes way up and then you have a big growth in tax revenues and let's see that we can fund all these things with that. and then when you hit the next recession, you have a level of spending that you can't sustain. and then you get into -- where we are now, borrowing what -- 40% of what where he spending, something close to that range. the point -- the thing i want you to observe from this though is that the red line is the income tax base changed from year to year. you can see that the ups and downs are much more variable than they are for the personal consumption expenditures curve. actually, adjusted gross income goes as low as negative 7% growth in 2009. in that year, it was a bad year. that year, consumption went down less than 2%. so that is another reason why the consumption would be a better tax base. how does the fair tax boost economic growth? the broader base allows for lower marginal rates and lower marginal rates result in greater work savings and investment and those in turn result in higher productivity

we want to see how we sustain that economic growth. >> thank you very much indeed.of hays talking actually, they are not seeing any concerns about a slowdown in the eurozone. back to you guys in london. done, caroline. have a good day at that conference. caroline hyde. to beijing now. leaders gathering for the annual apec summit. a lot more at stake than the health of asian economies. it might determine political stability in the region for years to come here to stephen engle is at the summit. what is the latest? >> so much happening here on the final day of the ceo summit of the apec gathering. the leader summit happens tomorrow. president arriving this morning in beijing. he has had meetings with the new president of indonesia and shinzo abe of japan. of course, the big one, which i will talk about later on, with xi jinpeng meeting shinzo abe of japan. earlier this afternoon, we heard , speakingmir putin about the state of the russian economy and the ruble outflows. he said the ruble situation is not due to fundamental economic factors. he said the ruble weakness

that makes this region an incredible opportunity for creating jobs and economic growth in the united. and any serious leader in america, whether in politics or in commerce, recognizes that fact. the last time i addressed this ceo summit was three years ago. today i've come back at a moment when, around the world, the united states is leading from a position of strength we've of course seen our share of turmoil and uncertainty. but whether it's our fight to degrade and destroy the terrorist network known as it's sell or contain and combat the ebola epidemic in west africa, the one constant, the one global necessity, is and has been american leadership. and that leadership in the world is backed by the renewed strength of our economy at home. today our businesses have created 10.6 million jobs over the longest uninterrupted stretch of job growth in american history. we're on pace for the best year of job growth since the 1990s. since we started creating jobs again the u.s. has put more people back to work than europe, japan, and every other advanced economy combined. when you factor in

that makes this region an incredible opportunity for creating jocks and economic growth in the united states and any serious leader in america whether in politics or in commissioner, recognizes that fact. >> as they pose for the first of two family photos a rare look of the world's superpowers together all on one stage. the summit provides them the venue to meet face to face. but in the fact whether it could achieve anything in the name of asia-pacific financial corporation, to push their agendas. scott heidler, al jazeera. >> al jazeera's james bays is listening in to what was said, it was a critical conference lark out to almost everyone. >> and the security council not taking any measures against the violence. the palestinian ambassador i know would also like a meeting of the u.n. security council to discuss the situation on the ground. right now. i think it's worth explaining felicity some of the context of this. as well as the violence we also have a diplomatic initiative from the palestinians. it was announced by prime minister abbas when he came. they say everything in the past

the aim to increase economic growth by 2% more than currently projected over the next five years andpushing big infrastructure schemes is one way they think they can achieve it. >> australia asked each g-20 member to bring their own solid proposals for growth to brisbane. >> yes, our world can grow. yes our world is deliver the jobs that our people want. this conference is about how we will deliver. >> official talks only began later afternoon brisbane time. by the same time on sunday the aim is to have a firm action plan to boost the world economy. andrew thomas, al jazeera. brisbane. >> well, there may be tensions between g-20's issues, but they were all smiles while meeting these koalas. >> burkina faso's military leaders has given a deadline to choose an interim leader. they reache made an announcement after reachin reaching an agreement with civil groups. >> average who is are sheltering in northern kenya mainly from somalia and south sudan, the food world program said it it's cutting it's rations to $1,000 a day. they're trying to raise $38 million to fund it's next six months.

there is normally economic growth. i mean, it will overthrow the dominant power, which is the u.s.hat has been tested years, years back. now china said we are not expansion. we just defend ourselves. for those people in china to buy in to the government, saying we are not expansion. but that remains to be seen by china's neighbors, especially because of the territorial disputes with those neighbors. i think there is a gap between the -- i mean, the message from beijing. >> very interesting, isn't it? thank you very much. thanks. >>> we have some breaking news on the ap news agency that the international ski federation has -- may finished last of 67 competitors in the giant slalom. mae, who is 35 years old, she qualified days before the deadline after competing in a very last-minute staged races in slovenia. but the international ski federation has banned her for taking part now in any skiing for four years, saying that found to its to comfortable satisfaction that the results were manipulated in january in slovenia. >>> let's move on now. aaron is here. i'm not quite sure what you'

oecd warnedof the the fight for global economic growth might go into extra time here in >> welcome tontdown. have breaking news for you now. from germany and growth in germany, gdp for the third quarter comes in at 1/10 of 1% for september. that is the third quarter and that is a turnaround because we had a contraction in the second quarter. germany has managed to turn it around. it is very much in line with the german government. they cut their outlook for german growth rates a couple of weeks ago. in june the germans believed the 1.9%, rate would be at angela merkel has not come off well in the global panels -- polls. a turnaround for germany and a similar bit of good news earlier for france. >> my take is you will hear a bit of a sigh of relief and away from brisbane, australia where the leaders are gathering the country do have positive growth in germany and that is after the tough sanctions in russia and the doom and gloom and the negative ethos numbers. grew likehat germany you said only .1% after contraction last quarter is undeniably good news. the question is, does this calci

. >> reporter: thursday's east asia summit was expected to cover a range of topics from economic growth to regional security. the flash point issue of maritime disputes in the south china sea remainses in focus. tensions between some countries and china worsened this year as beijing tried to increase control over contested waters. leaders at the summit wednesday agreed to speed up talks with china on a legally binding code of conduct to resolve disputes. china reiterated that territorial disputes should be resolved by the parties concerned saying the situation is on the whole stable. u.s. president barack obama is thought to have shown support. some members want u.s. to counter balance the rise of china. obama seemsing key to underline the china to asia pivot even though some say his authority is weakened by setbacks in the american elections. abe called for base of rule of law among heightened tensions. myanmar is said to issue a statement as the chair country thursday night to close the meetings. please stay with us for updates. >>> lawmakers in japan's main ruling party are trying to

that makes this region an incredible opportunity for creating jobs and economic growth in the united states. and any serious leader in america, whether in politics or in commerce recognizes that fact. >> as they pose for the first of two family photos a rare look at some of the world's superpowers together all on one stage. the venue allows them to meet face to face. but many feel it's too big of an event to achieve anything significant in the name of asia pacific cooperation. >> well still ahead on al jazeera, why non-governmental organizations say they're being targeted by i didn't want ace government. and why u.n. peace keepers from thare pulling out from liberia. >> welcome back. let's recap the headlines here in al jazeera. at least 47 pupils in northeast nigeria have been killed in a bomb blast. students were gathering for a mourn assembly when the explosion happened. victims of the plasmati are all thought to be teenagers. >>> no. yemen there is intense fighting between houthi rebels and tribesmen believed to be backed by al-qaeda. 30 people have been killed, houthiess have be

that makes this region an incredible opportunity for creating jobs and economic growth in the united states. >> nbc's ian williams is live in beijing. why is this trip so significant in. >> hi, milissa, well coming to this part of the world, china, the pacific rim is always important. politically, economically. but i think the timing this time is very significant, coming so soon after the political battering which the president took last week. here his rivals and his allies will be asking what impact that will have on his ability to do business overseas, on his foreign policy, on his ability to represent robustly american interests, particularly against china and also to represent and to push the interests of his allies. now, he turned up this morning, arriving here in beijing to blue skies. that's pretty incredible. and it was only achieved by his chinese hosts, pretty well shutting down a good chunk of northern china, kicking cows off the roads, closing factories and building sites to keep smog away. cynics say that shows the power they have here and the way that president xi jinpi

and economic growth 3.5%. and economic growth 3.5%.s all looks pretty good, but this all looks pretty good, but welcome to america, martian, the welcome to america, martian, the same poll shows that just 36% of same poll shows that just 36% of americans, of registered voters americans, of registered voters are satisfied with the state of are satisfied with the state of the economy. the economy. 64% are not satisfied. 64% are not satisfied. the reason for this gets to the the reason for this gets to the heart of what is happening in heart of what is happening in america now and what has been america now and what has been happening for the last several happening for the last several decades. decades. it is a story of continued it is a story of continued growth in income growth in income inequality that inequality that this chart makes clear. this chart makes clear. since about 1970 the paths of since about 1970 the paths of the rich and the rest of us have the rich and the rest of us have diverged. diverged. the top 5% has seen their inc

been a bit deeper than expected into economic growth. tax up to 10% would take place in april, 2017. that money is needed to plug a hole in the security budget, mainly due to its aging population. it is not the last we will here on this story. in europe, good economic news from germany. a survey showed a big boost to investor sentiment in november. it was 11.5, up from 3.6 in october. it was the first rise this year. it reflects the feeling that the eurozone economy stabilizing at last. i'm sure, at last is what many would say. the same for dax -- the frank for dax is leading in the trading day. the market is also taking some cheer and more stimulus in japan. car companies also doing well, showing figures of european car sales up 6% in october. let's take a look at some of today's company news. easy jet has seen its profits jump i more than 20% in the past year. they treat this to success in its business class service. more than $900 million for the year ending september. they expect earnings to grow even further. no kia has launched a n

if china continues its path of economic growth, and you get to zero percent of emission sources you'll have a huge amount of coal use. if they slow down. this is. >> if coal is declining they're still building coal-powered plant. how can you say that you're committed to a clean energy future. >> we have renewables. we're exporting oh fossil fuels, coal, shale gas. the united states is also caught in this game when it comes to climate change. we're projecting we'll do something, 26% to 28% reductions. yet look at our policies we're export ing more fossil fuels we're debating the keystone pipeline and oil exports, the u.s. is guilty of the same game as what the chinese government is. >> do you think the chinese government can meet these goals? >> i think there are several aspects of the chinese government project tore. there is going to be a shift in the industrial structure. that shift alone, along with the compensation of energy use over time. secondly i traveled over china. there are wind mill farms, it is extraordinary is to see what is happening with solar and wind power. and also o

if low interest rates persist, economic growth is continuing to be very weak.onmentst rate really shows us that the economy is not recovering. that is the biggest question and that we've got. >> is that the biggest risk that banks face? >> i think poor economics globally and regulatory restrictions that we were talking about before. turned up the heat on short-term risk anduts more pressure on the wrist taking businesses that are so important to keeping the wheels greased for global liquidity. >> how impoant is it for banks to perdition themselves for noter rates question mark just the first when it are going to get from the fed it, the subsequent ones that follow when and if they do. jamie dimon has been talking jpmorgan.tioning long-term rates of gun down. perspective, how key and important is it for a ceo to try to time the market that way? >> what we have found is most of the benefits that banks get from short-term rates, the benefits, come from short-term rates going up. there is not a lot of positioning. in terms of managing risk and being in position for

very high up on the agenda but climate change tony abbott has said economic growth and climate change essentially go hand in hand. tony abbott has conceded to have one paragraph on climate change in the final communique. the security for this event involves 5,000 police and 1,000 australian defense personnel. back to you. >> and that was oriel morrison reporting from brisbane. >>> it's that time of year again. enrollment opens on the affordable care act. bertha coombs has more. >> reporter: president obama's new hhs secretary, sylvia burwell, says that the online is ready. >> we have put in tests and contingency plans and tested everything from end to end. >> reporter: despite the disastrous launch of open enrollment a year ago -- >> clearly the end-to-end testing was not sufficient. >> reporter: 8 million americans enrolled in plans for 2014 after a massive fix of healthcare.gov. this year, the online application is shorter, there's more information up front. the small business shopping portal will launch after a one-year delay and more insurers are offering plans. united health care

they want to benefit from china's economic growth and want to have trade with russia as well, but theyeally want to have closer ties with the united states. they want to diversify their economic partnerships, and there are opportunities for the united states investing in central asia as well. so these are open markets. there will be plenty of opportunities for lots of countries. no country wants to be too dependant on china economically. >> it is interesting after all of these years people can really argue both cases. there are people who are saying the tpp is like naptha on steroids. what does that mean? what is the impact? >> it will mean more jobs, more exports for the region, more opportunities for investment in the region. now i think with any free trade agreement, you have winners and losers, so there's no doubt we're going to say that this is going to benefit everybody. but on balance this free-trade agreement is going to bring huge opportunities to the united states, and even if china eventually joins it, if there's more chinese investment in the united states, which we're alre

hasn't this shrunk because of economic growth?ve had some economic growth but also belt-tightening. there have been painful battles in washington over the past few years over the expiration of bush tax cuts and sequestration. all of these things have had an impact on economic growth in a brought the deficit down to these current levels. >> congress does not have to do any of the physical work if the fed believes its balance sheet up to $5 billion. monetary policy is taking the baton. >> with the fed saying we will take a step back and sit on the sidelines, his fiscal policy going to step in? >> the fed has been saying that already. whether you talk about the current fed voters are former fed governors, they have been insisting for quite some time that fiscal policy needs to come in here, at least then talking about it has not made it so. share theow if you optimism that if we see republicans in office -- >> why are you picking on me? >> it is important because if you look at the previous example of what happened after we had the g

the government today out with an upward revision in economic growth during the summer months. the july through september quarter turned out to be a far more robust one than originally reported. or forecast. by combining growth in the second and third quarters, the economy saw its strongest six-month performance in more than a decade. so what's next for the u.s. economy? and what will this all mean for the upcoming holiday shopping season? steve liesman has our story. >> the economy looks to be finding another gear just ahead of the upcoming holidays. the government reported that gross domestic product, the measure of all the nation's output, rose to 3.9% in the third quarter. better than the 3.5% first reported, and better than the 3.3% economists had expected. >> there clearly has been a meaningful upward move in the economy's trajectory over the last couple of quarters. that's important because as the federal reserve gets ready to remove some of the stimulative policies that it's had in place, a stronger economy is more likely to withstand that than would a weaker one. >> fou

the aim is to increase global economic growth 2% more than currently projected over the next five yearsand pushing big infrastructure schemes is one way they think they can achieve it. australia asked each g-20 member to bring their own solid proposals for growth to brisbane. >> yes our world can grow, and yes our world can deliver the jobs our people want. this conference is about how we will deliver. >> official talk only began late afternoon brisbane time by the same time on sunday the aim was to have a firm action plan to boost the world's economy. andrew thomas, brisbane. >> ukraine is accusing russia of sending weapons and soldiers into donetsk and luhansk. moscow has denied any involvement, but the deployment is threatening a fragile truce, which was struck back in september. we have the latest now from do donetsk. >> it leaves a lot of questions of how is that going to be implemented. not only will it take a lot of money to move these places geographically, what will happen to the staff. it's a time when ukraine is going through a very difficult economic time. it is one of the w