our dna's no different than anybody in europe or asia. we are not better people.are not created specially, differently, more blessed, smarter, whatever. how did this happen? it has to be freedom, our founding documents. it has to be the notion that this nation's built on self reliance and be the best you can be and you bring everybody in your family and your neighborhood with you. but now that's a crime. democrat -- that's a crime. obama said, this business, taking care of yourself, we can't have that. looking out for yourself, that disbts work. never has worked. well, it has. it worked better than anything else, including anything he has tried. >> greta: up next, more from rush limbaugh on the presidential campaign and what does rush say is really behind the fast and furious scandal? rush will tell you. plus, is rush making a career change? you won't believe what he has brewing. you'll hear all about it. that's coming u since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking

our dna's no different than anybody in europe or asia. we are not better people.are not created specially, differently, more blessed, smarter, whatever. how did this happen? it has to be freedom, our founding documents. it has to be the notion that this nation's built on self reliance and be the best you can be and you bring everybody in your family and your neighborhood with you. but now that's a crime. democrat -- that's a crime. obama said, this business, taking care of yourself, we can't have that. looking out for yourself, that disbts work. never has worked. well, it has. it worked better than anything else, including anything he has tried. >> greta: up next, more from rush limbaugh on the presidential campaign and what does rush say is really behind the fast and furious scandal? rush will tell you. plus, is rush making a career change? you won't believe what he has brewing. you'll hear all about it. that's coming u since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking

our dna's no different than anybody in europe or asia. we are not better people.e not created specially, differently, more blessed, smarter, whatever. how did this happen? it has to be freedom, our founding documents. it has to be the notion that this nation's built on self reliance and be the best you can be and you bring everybody in your family and your neighborhood with you. but now that's a crime. democrat -- that's a crime. obama said, this business, taking care of yourself, we can't have that. looking out for yourself, that disbts work. never has worked. well, it has. it worked better than anything else, including anything he has tried. >> greta: up next, more from rush limbaugh on the presidential campaign and what does rush say is really behind the fast and furious scandal? rush will tell you. plus, is rush making a career change? you won't believe what he has brewing. you'll hear all about it. that's coming up. >> from america's news headquarters, i'm marianne rafferty. the white house anouncing a $30 billion to sell fighter jets to saudi arabia has been

how about europe or asia? there is an effort to change that.ler has that story. >> that's right. you name it, and america imports it. chestnuts are no exception. but now a group of researchers is working on a way for the u.s. to become self-sufficient when it comes to this holiday treat. >> chestnuts roasting on an open fire. an american tradition. but these nuts are imported from china. european and chinese chestnuts are the only ones available in the u.s. but the smaller and sweeter american chestnut could be on the verge of a comeback. researchers are trying to save the all but extinct american chestnut tree. >> we lost 4 billion of the american chestnut trees. we were all too young to remember them. they were the dominant tree in the eastern forest. >> more than 100 years ago, american chestnut trees that accounted for up to 60% of the forest the in the east were wiped out by a blight introduced from china. healthy, american chestnut trees like this one not only provided food to the earliest pioneers, but wood for homes and furniture. a non

not spectacular, but certainly it's better than europe or indeed asia. the s&p 500, that is the broadest measure up by just under.5%. the nasdaq needs to climb back by 40 points or so to get back into the green this year. let's just focus a bit on the dow because it is the market we talk the most about here on "world business today." as you can see, this is the story of the dow this year. it was comfortably higher at the start of the year, up over 6%, but it is still now. it was up 6% at the end of the year, but it's somewhere off this peak we saw back in the first half of the year. this is what we are talking about. this is the part we've seen pretty much across all the major markets across the world this year. this was the summer, august, going into october when lawmakers in the u.s. were arguing about raising the debt ceiling. the u.s. lost that prize aaa rating. we had this explosion of contagion fears in europe. that is the story there. you see it incredible. you see the incredible volatility we've seen in the last three or four months of the year.

countries and collective security treaty organization members be relationship with asia or europe and definitely with the us withing. the main goal of the foreign policy will remain the same which is to create the best possible environment for further mother zation of the country and last questions very sure but many people are interested we have intensified our talks about of these that freed regime with europe do you think these are free travel in europe for russians will happen in our lifetime oh absolutely oh absolutely this is very different from what we all heard when president obama of the united states while. frog said that the nuclear weapon free world is something that may probably not happen during our lifetimes but this is a very different proposition i think it's both achievable in our relationship with european union and with the us with which we have just concluded an important visa facilitation agreement thank you thank you very much your excellent c.n.n. just to remind you that my guest on the show today was still getting russian deputy foreign minister and that's it

for the for europe the recession or the economic policy makers in asia already. in. recession even though europe is the largest market for asian exports but of course we're suffering like this something in a recession like this and you have to depend on the much less you have to. intervene no demand tried to boost the mystical assumption and to take the weight of the decline in exports to europe so i think most of asia is doing. well enough coping with the decline of europe now we're hearing the noise is that germany is also on the line here and what's this going to do to germany's status as the de facto leader of the eurozone i suppose. well this is difficult or impossible to see germany being downgraded actually germany's been been dragged down by euro partly because their five nations in their lack of five now showed this template they'd like italy and greece to get themselves into so heavily that there's no way to out of it and then if germany would have to bail out of this country stand germany's credit on credit rating. and of course. if you want to play hardbal

can withstand the kind of shocks to the global economy that can happen, whether they come from europe or asia or the middle east. this is a responsible thing to do in an economy that is growing, but not fast enough, and is creating jobs, but not at a big enough clip. is what he is focused on. >> does the administration viewed the situation on the ground there -- in s yria? civil war? >> we have seen the level of violence increased, but change there does not mean necessarily civil war. the crackdown has come because violence that the syrian government has perpetrated against its people. hen the government stops violent actions, violence recedes. rather than characterized it, we're working with our international partners to increase pressure on the assad regime to isolate assad and to make it clear the behavior is unacceptable. as you know, the turkish government has taken action this week. the european union has taken action this week on economic sanctions against the syrian regime. we commend those actions. they come after an additional actions announced by the treasury department. combined,

unless we take this as academic, go into any school system in america or europe, africa and asia and the kids are learning biosphere conscious. they're going home and sank to their parents, why is he like to see on the road, there's nobody in there. it is wasting. ride we have such a big car that uses so much petrow, gas? why is december on my plate? where did it come from? how did my clothes, with a growing? what your view of learning is that every single thing that they engage in as an ecological footprint that affect the well-being of some other family or some other creatures somewhere else and this buster. that is bus your consciousness, and they're connecting the dots and thinking since -- systemically. for example, with a hammer on the plate, did it come from central america? today after create a soil base for the cattle, and when they did, did they have animal species that went extinct because their relied on that tree can be? when they raise the trees there were no longer serving as a carbon save, so that means that industrial used, it has nowhere to be observed and the tempe

europe, asia, even africa. the 9 million overseas filipinos are a diverse bunch. migrant workers, young and old, first generation adventuress or their children and grandchildren. despite many differences in their work and their educational background or lifestyles or in their country of residence, the global filipino is much the same. he is taken each -- conscientious worker, an opportunity-seeker, a courageous risk-taker willing to sacrifice for better future for their family. she is resilient and assimilates to the foreign land immediately. but in her heart, she cherishes the aspiration of one the recent -- returning him to the philippines. we are overseas filipinos ourselves. we live among the global filipinos to make our mission real and our dreams a reality. these global filipinos share their stories with us, the highs and lows, the joys and pains, the sacrifices they have made in the content -- continue to make for their families. and the hopes and dreams that keep them going every day. we're fortunate to be able to retell these stories and are honored to be welcomed into the homes of these global filipinos every night.

need to but we still have a major problem in eastern europe ensample asia because look exactly what you said fifty seven percent of the new unfixed on or. buckling in nonsupport water injecting drugs and ls we have a strategy to deal with that one will not be able to stop it really can you give us a figure you said you mentioned that if we want to prevent a child born with aids only cost one hundred dollars yes and we give it to knowledge she today announced it but still can you give us the number of people that do not have equal access to that because of money because of absence of a doctor awareness and so forth four hundred thousand babies are born every year so these people goes on. or not these are deprived. and we can we can is not we are not talking about billions of dollars to stop that and we can have to seeing a new generation born with it even people are talking the waiting till we will have an adequately adequate drug that will help fight aids are the first of all are the drugs that are already on the market i'm becoming more effective. if we haven't the three for a generation of drugs and most of the. women today are on th

europe or are involved in banking or trading. now, the adb played out three scenarios for asia.a recession just within the euro-zone itself that could reduce growth by as much as 2% next year. the second involveds a deep recession in the euro-zone and that could drag the u.s. into recession and reduce growth by up to 2.5% by 2012 and third looks at a drop in european and u.s. gdp to 2009 levels, worst case scenario. there is a silver lining to all these and shows less fallout in asia than during the 2008 global financial crisis. the adb finally adds this, east asia should be able to weather another global financial crisis. that is if the region's policymakers respond promptly, decisively and collectively so the adb is keeping a cautiously optimistic outlook into 2012. >> all relative and certainly asia looks pretty good when you compare it with europe and the u.s. thanks, ramy inocencio. charles? >> coming up on "world business today," china is shaking things up at this year's u.n. climate change summit in south africa and could mean big changes for countries around the world. w

europe the u.s. and asia with china being you know the number a prime example right now keeping on the m.f. global story i don't know if you saw this there's or not but it turns out that there is a regulatory loophole in london in the city of london that allows for this cation scandal takes on a new dimension because in the united states the level of the case. can run at one hundred forty percent. if you've got those government securities that you're lending again store margin against however in the u.k. that number is infinite there is no top there is no ceiling to the amount of real lending or propagating you can do it goes on infinitely and for this reason and have global their key component of their firm ran through london as did lehman brothers. as did bernie madoff why doesn't somebody wake up and turn this loophole shut it down in london because clearly at the root of the entire global meltdown your thoughts take a look at the from is issue mentioned in the. lobbying those where everybody has a constituency ok and i think the layperson assumes that there are or they or their representatives because that you would see that may be the ca

index, on course to get gains -- or have gains around about 9% if they can hold these levels which would make it the best week in europe for something like three years. in asiae with the major indices also finishing broadly higher, shanghai the odd one out, down by 1%. a little bit of follow-through suggests optimism remains in markets here in asia. speaking of optimism, u.s. investors are also showing signs of optimism ahead of the u.s. monthly jobs number. that's out in about four hours from now. always a big number. this is where the futures are. they've increased steadily over the last 30 minutes or so. the nasdaq showing a gain month are than 1%. >>> there's certainly been a lot of doom and gloom in recent months about the state of the u.s. jobs market. it may be a case of not looking in the right place. the consulting firm deloitte says 80% of u.s. manufacturers are facing a shortage of skilled workers and are looking to hire. one company in new jersey is in just that position. take a look. >> the job begins here. i'm ryan fluker. i'm the plant manager in jackson, new jersey. >> these are plastic parts here. we do several thousand a year. this is one o

or to get decided. what happens in asia and the middle east. these two things have to be a real focus. i am very worried about whatis happening in europe. challenges we got as my old boss would say, he would say inside of every challenges and opportunities. your job is to find it and take advantage of it for the united states. [laughter] that is what the folks in the warehouse at the do it right now big time. >> i agree that it is the economy. it is not stupid. it is more than just getting our fiscal house in order. it is the broader sustaining of our competitiveness. i in focused on making sure we have opportunity for our young people. it is distressing to see people coming out of school without a sense that they can build a future for their children. we have the infrastructure. it was support sites and technology. that is the platform for america to sustain and preserve its interest. without that, we cannot do anything else. if you look at the history of the competition with the soviet union, they could not sustain it and we could. we have to sustain that. we will not be able to meet any of the challenges. i answer concerns about nucl

or do had proven successful. things remained at a standstill in the spring of 1903, as muir prepared to leave his home in martinez, california and embark on a trip to europe and asia with some friends. suddenly, his plans changed. man as john muir: an influential man from washington wants to make a trip into the sierra with me, and i might be able to do some forest good, in freely talking around the campfire. coyote: it was the president still working his way up through california asking muir to accompany him during a visit to yosemite. "i do not want anyone with me but you," roosevelt had written. "i want to drop politics absolutely "and just be out in the open with you." muir realized this was the opportunity of a lifetime. he purchased a brand-new woolen suit for the occasion and hurried to join the presidential entourage. on may 15, they set off for the mariposa grove of big trees in a flurry of activity. a long caravan of wagons filled with staff and dignitaries a detachment of 30 buffalo soldiers riding along as escorts. muir soon found himself seated in the president's coach along with the governor of california, the secretary of the navy, the surgeon gener

or nightstand at 422,007 at hed served zine'sa inn bureau. first as a correspondent, then as a senior correspondent. he has also served as diplomatic correspondent traveling throughout europe, asia and the middle east as well as the persian gulf. in pursuit of stories. he has carried out extensive coverage of the middle east, peace negotiations, and the wars in iraq. before coming to "time" magazine, doug was a correspondent for "newsweek," reporting a major military conflicts from the gulf war to somalia to haiti. he was born in norfolk, virginia, study at wake forest university, and did graduate work in urban affairs at the university of north carolina at charlotte. before joining "newsweek" in 1988, he served as a legislative assistant on the staff of senator william and representative edward markey. douglas waller is now a defense analyst for bloomberg government. among his many, many books, a number of them, bestsellers, are the commanders, the inside story of america's secret soldiers. air warriors, the inside story of the making of a navy pilot. and big red, the three-month voyage of a trident nuclear submarine. his new book is a biography of an outsized american characte

asia which is, perhaps a larger or not focuses much. that ripple effect is a secondary effect. the totality. going to europe for the eurozone, europe is extremely intrigant important. eurozone, europe is china's largest trading partner, $480 billion a trip last year. europe is china's largest exploit -- export destination, more so than the united states. china gives tremendous priority to europe because, for good, it sees it as a hedge against the united states. so china is very interested in strong europe, and it will try my view to help, although publicly telling other china is quite negative. why the statement coming out of china is quite negative, the issue is if you ask the average person in beijing, they ask what you think about the euro problems, the guy said was a china use its hard-earned savings to help lazy people in europe whose incomes the ten times mind. very hard pressed to explain what it means. but the key policy makers realize that under the right conditions being a framework with the europeans are taking the bulk of the responsibility hoping themselves, a framework which is globally agree

or the united states. >>> this morning, overseas markets are riding the wave of wall street's rallies. stocks closed up in asia and markets are mixed right now in europe. all of this coming after a wild day for your investments. dow posting its biggest day in more than 2 1/2 years yesterday. 490-point rally. that's rare, folks. nasdaq, s&p 500 also up more than 4%. why? the fed teamed up with other central banks around the world to shore up the global financial system. again, another very rare move. something we haven't seen since the bad old days of 2008. good morning. the question for everyone now is can it keep going or is the fed's move -- global central bank's move, a band-aid on a pretty bad wound? >> hi there. that's exactly what many investors are asking themselves today because as you say, we had that massive bounce in world markets. the united states markets closing up to 2 to 4.25%. similar situation here in europe. what we are already seeing the doubts entering the market. particular there zeuro markets. showing signs of weakness today. and that's basically because many economists are concerned that even though we did see this super-import

for better or worse, we need to be involved with the rest of the world and we need to rebuild some of our alliances. we have done that in europe and southeast asia and where many people in that part of the world are worried that america has retreated and will simply allow china to dominate the entire pacific region. the president understands that region than anyone who has been president of the united states. he has lived in that region and it gives him comfort ever were from south korea to australia that the u.s. is not going to withdraw from that part of the globe. we need a president understands things here at home and we have a community organizer in neighborhoods where people have lost jobs. he is also a person who has the global perspective to help bring peace which helps with prosperity iraq home. host: earnest as a democrat from washington, d.c., and you are on with r.t. ryback. caller: good morning, mr. mayor. host: go ahead your question. caller: we have so many kids bullying in schools and dropping out. now we have people in the republican party running for the presidency of the united states and they are turning on each other. what w

for better or worse, we need to be involved with the rest of the world and we need to rebuild some of our alliances. we have done that in europe and southeast asiany people in that part of the world are worried that america has retreated and will simply allow china to dominate the entire pacific region. the president understands that region than anyone who has been president of the united states. he has lived in that region and it gives him comfort ever were from south korea to australia that the u.s. is not going to withdraw from that part of the globe. we need a president understands things here at home and we have a community organizer in neighborhoods where people have lost jobs. he is also a person who has the global perspective to help bring peace which helps with prosperity iraq home. host: earnest as a democrat from washington, d.c., and you are on with r.t. ryback. caller: good morning, mr. mayor. host: go ahead your question. caller: we have so many kids bullying in schools and dropping out. now we have people in the republican party running for the presidency of the united states and they are turning on each other. what would happen i