world i know there's still corruption on wall street but it does look like the financial times as brits put down over the slimy methods the apple uses with its app store you see when companies agree to make their applications available on apple's products in-store a rule put in place by steve jobs requires those companies to sell their apps of scription as well oh and they also take thirty percent of the revenue but in this instance if you wanted a subscription to the financial times out you have to pay for it through apple so the negative company argues this rule exists for convenience customers can get the app and subscribe all the same place. doesn't tell you is that it also has a nasty habit of collecting user data for behavioral tracking and just last week you mentioned how this type of tracking just a fancy way for advertisers to know what appeals to each user so i think it's safe to say the apple's working hand in hand with those well paying at tracking agencies took even all of that in mind when you talk about financial times they wanted to protect their subscribers fro

the bloody government crackdown onçç protesters in syria with abigail fielding-smith of the "financial timeswoodruff: plus ray suarez gets new information on the raid that killed osama bin laden from nicholas schmidle of the "new yorker" magazine.çç >> brown: and spencer michels has an encore report on a san francisco art exhibit that's drawing in the crowds. that's all ahead on tonight's newshour.çç major funding for the pbs newshour has been provided by: >> oil companies have changed my country.ç >? oil companiea difference. >> we have the chance to build the economy. >> create jobs, keep people healthy, and improve schools. >> ...and our communities. >> in angola chevron helps train engineers, teachers and farmersç it's not just good business. >> i'm hopeful about my country's future. >> it's my country's future. çç >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive lifeç and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for

and they say in this article in the "financial times" everything's not okay. indeed, the debt will increase over the next ten years approximately $13 trillion and this package would reduce the increase in our debt from $2.1 trillion to $2.4 trillion. that's not much. but in addition to that, larry lindsey, former economic advisor to president bush, has done some analysis of the congressional budget office score of what the budget would look like over ten years and he points out that they were predicting nearly 3% growth the first and second quarters of this year, printing that -printing -- predicting ths early as this year. and so now we've had a reanalysis of the first quarter and economic growth wasn't 3%, it was .4%. and the second quarter has initially been scored at only 1.3%, not 3%, not 2.7% or that figure. he says that loss in g.d.p. alone will mean less growth in the economy, means less tax revenue for the government. and over ten years, it puts us on a trajectory that the government would lose $750 billion, would collect $50 billio 750 billion less,

well that's an interesting it's an interesting question financial times in two thousand and nine warned that gadhafi was succumbing to a variant brand of resource nationalism they said meaning that he was negotiating hard with the oil companies the western oil companies for a better deal for libya. so presumably and jabril has just been are speaking in the last couple of days saying that the nato countries and those countries that helped to topple gadhafi will get special privileges when it comes to dividing out libya's resources so presumably the u.k. or companies will do very well the role of b.p. is there and been absolutely crucial in all of this mark allen. head of b.p. yuna goetia b.p.'s deal in two thousand and seven was a former m i six officer who got special clearance from the cabinet office tracked to go out of m i six and into b.p. didn't have to go through the normal vetting procedures was fast tracked into b.p. to negotiate this and it seems that a lot of the movement around that time within good af his government may have been part of the peace deal that was when jabril g

. >> so what it explains is a plummet including i remember the financial times was warning that the rateing to go in exactly the opposite direction. >> the turmoil in the middle east, the so-called arab spring, if you will, and more the european sovereign debt crises. >> so people say i'm going to take these european bonds i've got, i'm going to sell them, the money i'm going to buy u.s. bonds. >> at the end, it's only as good as the alternative. and frankly that's no real alternatives in the world to u.s. government debt. so it's possible to get and it has been extremely difficult. >> continue to feel that u.s. treasury bonds offer the source of value for a long term investment. >> the u.s. bond market, that is. a wobbly economy is stuck and -- debt director of foreign exchange, david durst. what's happening to the dollar right at the moment. >> good question. the dollar is rallying quite a lot at the moment. that's the dollar index today. so shooting up, yes, i mean ever since they announced the deal was announced last night basically, since the morning we basically had to big things u

still the that's really not the hard part ok before then what if we go with this report from the financial times they're spending our times also reported on that the chinese are in fact allowed to take samples of the stealth scan albertans that. that depends we don't know exactly how works aspect of the skin might be stealthy it's possible there was a special paint used to absorb heat so that the aircraft didn't give off an infrared signature we're not really sure about that but again i wouldn't worry this technology is not that all the cat was out of the bag back in the ninety's the united states lost an f one seventeen stealth fighter over serbia and the wreckage from that your craft wound up in chinese hands that was when the chinese you know gained access to some of the secrets of stealth that we were trying to protect so you know we if we burn that bridge we begin to get. the wreckage of his helicopter doesn't teach him a thing that it didn't already know ok now i want to go to your trip from china now you said that what you reported on while you were there isn't anything that you could hav

economics editor at "the financial times" and the website is ft.com.ost: jack writes on twitter -- jim writes -- i wanted to ask you about the g-7 -- from bloomberg. what is going on there? guest: the group of seven leading industrial countries had a conference call on sunday evening where they discussed all the things that are going on. principally, i'm told they discussed europe, as opposed to the s&p downgrade. they agreed it was very nasty of s&p and ratings agencies are horrible people. the g-7 statement was classic. it was sort of -- we reaffirm that we will deal with instability and losses and long sentences. they are trying to prepare people and they are also preparing so that there were to be another real financial crisis like we saw in 2008, that central bank governors and finance ministriesre geared up to make a policy response to that. another interesting point about this is that it is the g-7 that meant. these days, the g-20, includes china and the other premiere countrie is meant to be the group. it turns out that they never want anything

economics editor at "the financial times" and the website is ft.com. host: jack writes on twitter -- jim writes -- i wanted to ask you about the g-7 -- from bloomberg. what is going on there? guest: the group of seven leading industrial countries had a conference call on sunday evening where they discussed all the things that are going on. principally, i'm told they discussed europe, as opposed to the s&p downgrade. they agreed it was very nasty of s&p and ratings agencies are horrible people. the g-7 statement was classic. it was sort of -- we reaffirm that we will deal with instability and losses and long sentences. they are trying to prepare people and they are also preparing so that there were to be another real financial crisis like we saw in 2008, that central bank governors and finance ministries are geared up to make a policy response to that. another interesting point about this is that it is the g-7 that meant. these days, the g-20, includes china and the other premiere countries, is meant to be the group. it turns out that they never want an

essentially still bad behavior in the banks yeah and max you know you read the front page of the financial times there's no more gong than an alien invasion as a possible hope paul krugman hopes of an alien invasion are no more daft than people believing that central bankers might save us that they might save our economy move to curb swiss francs rise backfires as you see there. so traitor shrugged off new measures by the swiss authorities to stem demand for their currency sending the swiss franc sharply higher the franc jumped by two percent in just a matter of minutes as traders ignored the swiss national banks decision to almost double the amount of liquidity developable to the money market well look the central bank is a force that resides outside of the economy and it's there to provide theoretically speaking price stability and full employment that's their charter but they got sucked into the bank they got sucked into the parasite that is the banking system so now a sense earth is no longer available as a location to create a central bank policymakers and keynesians brainiacs are saying we

christine has had many senior sales and markets roles in digital with the "financial times," "market stewart living on the media." delighted to have you here today. [applause] >> clap, clap, clap. right next to her is anthony. he has been a digital marketer since it began. i've known anthony for quite some time. he's held many different roles, questioning one in double click, which is a pioneer in the digital advertising space. great to you have here as well. >> thank you. >> next to anthony is michael kelley,'s a marketer of adgenesis. i'll let you tell more about it. really just focusing on the paradigm shift in how advertising is delivered to consumer. michael has had a great career with pwc, most recently, he was the chief marketing officer of pwc and worked with some of the biggest brands in the world, including at&t on the digital strategy. he was also very instrumental in launching hulu which is the video service that is joint owned by a number of media companies. welcome, michael. [applause] >> last, but certainly not least is david steward, gosh, i have known david for a lon

the financial times says the departure of devon sharma has been in the works for some time. he will be replaced by a top executive at citigroup. >>> a cash crunch forced a family-owned supermarket chain in the bay area to file for bankruptcy. the owners blamed their money problems on aggressive expansion efforts and the slow comple. the san francisco -- slow economy. they are hoping to sell their stores to a private investment group. there are no immediate plans apparently that close stores or layoff any employees. the family has been running the markets for three generations since the first store opened in berkeley. that was in 1929. >>> news from entertainment, nick ash ford from ash ford and simpson has died. ash ford and his wife, valerie simpson, put many of his hits, including "ain't no mountain high enough" and they wrote songs for ray charles and many others. the duo were singers in their own right releasing 15 albums. ash ford died in a new york city hospital of throat cancer. he was 70. ash ford is survived by his wife and two daughters. >> ♪ you ain't nothing but

host: the financial times headline last night.tandard and poor's have the been the most explicit. what are you hearing about that? are you concerned? guest: of course i am concerned. we are trying to solve an existing problem right now today. that is important. it sends messages around the world. they will do everything in their power to change it. that is our responsibility. it is a responsibility to my constituents. i will have a lot that will not i will have a lot that will not agree with my vote. i understand that. i could argue both sides of this. we did the right thing. i think we will stabilize our economy right now if we continue to move. nothing magical will happen today. it gives us more ability to move forward. host: i want to show what leaders had to say yes today about the super committees and who they might nominate end of. . bridgett nominate. -- who they might nominate. >> i have two weeks to do it after this bill is passed. it is extremely important that i pick people who are willing to make hard choices but are n

the financial times quoted a source who says pakistan allowed chinese military engineers to photograph and take samples from the downed aircraft. u.s. officials have concluded that likely happened but that they don't have definite proof. the u.s. government is expected to protest strongly if the allegations are confirmed as true. this could further strain relations between the u.s. and pakistan. nhk spoke with a pakistan public relations officer in islamabad. he said they were fabricated to harm the image. >>> now let's take a look at the market figures. >>> time now for our weather update. across eastern asia we see active clouds stretching through the korean peninsula and into northern japan. lots of wet weather to be found underneath for central china looking at pockets of heavy showers around hunan and also north korea looking at significant amounts of rain. japan, too, looking unsettled throughout the country today. the northern end getting into heavy rain. but also in the south as well, lots of hot and humid air coming in from the pacific. that's going to produce torrential downp

this weekend the "financial times" reported that pakistan let chinese military engineers photograph and take samples from the radar-evading chopper before giving it back to the u.s. in its first response to the accusations, china's defense ministry said, quote, this report is baseless and preposterous. it comes just ahead of vice president joe biden's five-day trip to china. he arrived in beijing just a short while ago. >>> english media is reporting news corp. boss james murdock is likely to be called to parliament again over his testimony in the phone hacking scandal at "news of the world." documents released by english lawmakers have former murdoch lieutenants poking holes in the testimony delivered by rupert and james murdoch last month. the files suggest reporters and top editors at "news of the world" approved of the interception of voice mails. the revelations contradict claims the murdochs have been kept in the dark by subordinates about the hacking. >>> now here's a look at other stories making news early today in america. a crew of brazen thieves use their get-away car to exec

the financial times quoted a source who says pakistan allowed chinese military engineers to photograph and take samples from the downed aircraft. u.s. officials have concluded that likely happened but that they don't have definite proof. the u.s. government is expected to protest strongly if the allegations are confirmed as true. this could further strain relations between the u.s. and pakistan. nhk spoke with a pakistan public relations officer in islamabad. he said they were fabricated to harm the image. >>> now let's take a look at the market figures. >>> time now for our weather update. across eastern asia we see active clouds stretching through the korean peninsula and into northern japan. lots of wet weather to be found underneath for central china looking at pockets of heavy showers around hunan and also north korea looking at significant amounts of rain. japan, too, looking unsettled throughout the country today. the northern end getting into heavy rain. but also in the south as well, lots of hot and humid air coming in from the pacific. that's going to produce torrential downp

the "financial times" reports pakistan has likely allowed china to examine the wreckage of a top-secrets. stealth helicopter that crashed during the operation to kill osama bin laden. according to the "times," u.s. officials say they believe chinese engineers were allowed to take photos and samples of the chopper's special skin that allows it to evade radar. >>> bomb blasts tore through more than a dozen iraqi cities this morning killing at least 56 people. parked car bombs, roadside bombs and a suicide bomber who ran the vehicle into a police station. >>> in afghanistan, six suicide bombers attacked a governor's security meeting in one of the country's most secure provinces, killing 22 people. the governor managed to survive the attack. >>> this morning ousted egyptian president hosni mubarak made his second appearance in a courtroom. he's charged with the killing of protesters during the uprising against his rule. the aling 83-year-old who has been detained in a cairo hospital since his first court appearance watched the proceedings from a stretcher in the defendant's cage. >>> in syr

in the next two years we're going to go through some really tough financial times. and as you've seen the state revenue collection is not keeping pace with the assumptions that were made in developing this year's state budget, so that means even at midyear we'll be asked to make cuts and if we don't make them, we'll have to carry them over to the following year, so we're going to have a lot of work to be done still. last, i really want to -- the tdap. we have to vaccinate our students, it's a state requirement all 7-12 grade students be vaccinated by september 14. and this is kind of alarming because here we start school and september 14 is just around the corner and currently we have vaccination and documentation for only about 60% of our middle and high school students. we do not want to turn away students from our schools, but come september 15, that's exactly what will happen if they don't have their vaccination documents. so we want to urge everybody to get their children vaccinated asap. and i've asked kevin truett, associate superintendent, to just give us a

now on sunday the financial times reports that pakistan allowed chinese military engineers to photo graph and take samples of the top secret helicopter before giving it back to the u.s.. china's defense ministry calls the report unfounded. >>> four of the country's largest tobacco companies are suing the government over graphic new warning labels on cigarette packages. they claim the label violates their free speech right because they act as an antismoking ad campaign. they have not commented on the suit. the labels are currently scheduled to be in place by september of next year. >>> a san jose teenager stabbed multiple times outside of a mcdonalds is suing the restaurant owners. on june 9th jonathan was in the mcdonalds parking lot while a friend went inside to buy food. that's when he was robbed and stabbed by several mail suspects. there was a large group of people in the parking lot because of a music in the park concert and mcdonalds should have done more to provide better security. >>> we are now hearing from the brother of the man suspected of killing himself and his two- year-old

ceiling debacle and the suggestion that the pentagon would have to get some cuts heard today's financial times i'm predicting false flag terror attack in the next ninety days because remember you can't cut the military budget in america because let's america without a military budget that exceeds all other military budgets of every country around the world but get all the other great top story stacy herbert thanks that's all we have left first leg tax false flag finance films flat fast lag so the first headline max group says debt deal fails to make significant dent in deficit so this is bill gross fund manager for compound the largest bond trading fund in the world he says in addition to an existing nearly ten trillion dollars of outstanding treasury debt the u.s. has a near unfathomable sixty six trillion in future liabilities and at present cost so he's saying that the debt deal that's been done does nothing to address it there's still need to be trillions more in cuts but also taxes which of course have not been mentioned that are right the debt is expanding and the attempt to cut the debt

dismal day in the markets and what is driving the slide, i am showing it by our guest from "the financial times of." alan thank you, for joining us. the fear factor. are there fundamental concerns about the economy? >> people are thinking very short term at the moment. people are getting into and out to stocks. the funny thing is the news that has driven s has the opposite effect of what you would have imagined. the only real news of the last few days is the u.s. credit rating being downgraded. you would think that the dollar would fall. the opposite has happened. that fear has gone into other markets, the fear of downgrading in europe for example, and that has any effect their. all these are interconnected, but it is not mechanical. that is what is creating the uncertainty. >> let's talk about france. very bad day their. can this be traced back to greece. -- can this be traced back to greece? >> more generally, if there is a crisis of confidence in all euro zone that, because the news on that front the last week has been falling prices in spain and italy. there is also the channel of contagion

the new york times book review and financial times, i could go on and on but the reviews of -- and amazing response. we are seeing people not backing away but say i want to know about this story. i want to hear more. >> paul farmer. >> paul farmer, partners in health, worked so hard to develop health care in places like haiti. he has an interesting medical school kind of organization and practicing medicine on the ground in places like haiti and rwanda. the effect of the earthquake in haiti and the work they have done, he said i want to write about it. i want to write about what is happening. is the response adequate? is the response from world leaders what it should be? is the aid being used in the best way it could be? he uses this as an opportunity to get haitian voices involved in this issue. he gets different people involved in haiti that he has known for many years to write about this too. paul is not only talking about the experience in haiti but give voice to people in haiti who in all the publicity have not necessarily been heard from. >> susan weinberg the girl the vote on the co

guys are welcome back to the report time now to go to financial journalist and blogger extraordinary terry ball terry ball welcome back to the kaiser report says great see here terry we spoke to you last year and when your article in the atlantic came out made big news e-mail suggest bear stearns cheated clients out of billions here's a bit of the summary and update the story if you can for us. this was a key swear bear stearns mortgage traders led by an executive at me tom marino now who's now the c.e.o. of risk out him and his team are literally stealing billions from their own clients those kinds happen to be one of the lines insurers and investors in residential mortgage backed securities certain out some around and he's currently c.e.o. what company rez capra's cap is is sent to mission of ally and financial the former g.-mac ok so as all of these firms that were caught in gave massive security instead of any kind of legal precedent being applied in anyone going to jail they simply change the name of the shop or go to a new shop or close a shop and re-invent the shop this is a c

we have christine lagarde or riding in an op-ed in tomorrow's financial times that it is the wrong strategy. we have to have government spending, or we will have a second recession. do you agree? >> we have to have spending. no doubt about it. we have tried these experiments before. even in a weak economy with deficits, if you cut the deficit by cutting back expenditures, the economy gets way down and the revenues go down with it. it doesn't improve the deficit, but it does increase unemployment. >> tomorrow we have angela michael and nicolas sarkozy meeting in europe. do you think they will make the right call? >> what is necessary is stronger commitment to the growth strategy. they recognize that greece, portugal, and ireland are not going to get out of the mess they are in by just austerity. these countries need growth. europe is going to come to their assistance. it has not made a commitment of how much and how it will do that, but that is essential. now that the problem has spread to other countries like italy, will they be able to have that kind of growth strategy? or will they have t

you a -- these are difficult financial times. you don't need to hear it from them. you see it on the paper every day. we were not -- would not be able to manage all the parks in san francisco, 242, without incredible people like ann and ken and others here today. so thank you and a big round of applause to the volunteers. right now i want to give a certificate of appreciation first to ken maily. vemplet tica. thank you. and ann halstead. thank you so much. thanks to you -- back to you, rose. >> one of the major components of this day being a success was the tremendous and spectacular support we received from one of our sister agencies, the saverp fire department. it is -- san francisco fire department. it is our great honor to introduce to you the chief of the san francisco fires department, miss joanne h air. kwhite. >> thank you and -- haiswhite. >> thank you and good afternoon. i would like to say thanks for the great coordination effort. rosie did a great job and the director plinlal. -- blumenthal. it's a great honor to be standing here before you,, a native da

because there have been no austerity measures implemented yet and yet today i was reading the financial times and we're thinking the bank of england said that inflation would reach as high as five percent this year so this is ignorance on a wide scale that. the population don't understand inflation as an austerity measure that's right the austerity measures have come in the form of excessive bank fees you know when these people who are not part of goldman sachs inner circle may take money out of the bank they get raped by the banks with these fees they're in financial austerity and. when you're charged twenty nine point five percent or higher for your credit card rates again goldman sachs employees get negative interest rates on their borrowed money it's jim crow laws as applied to interest rates it's basically financial apartheid and these people are living in a financial prison and this was a prison revolt and many commentators are noting that these rioters are just reflecting the looting that has happened from the banking class now let's look at how the politicians who remember just reflec

the financial times over the weekend reported pakistan let chinese military engineers photograph and take samples from the radar evading chopper before giving it back to the u.s. in its first response to the accusations china's defense ministry said, quote, this report is baseless and preposterous. the development comes just ahead of vice president joe biden's five-day trip to china. he is due to arrive there this morning. >>> english media is reporting news corp. boss james murdoch is likely to be called to parliament again over his testimony at phone hacking scandal. documents released by english lawmakers have former lieutenants poking holes in the testimony delivered by rupert and james murdoch last month. the files suggest reporters and top editors at news of the world approved of the interception of voicemails. the revelations contradict claims the murdochs had been kept in the dock by subordinates about the hacking. >>> a crew of brazen thieves used their getaway car to execute an atm heist early monday morning. the suspects gained entry by launching their truck into a gas sta