flood of cheap goods manufactured mostly in asia as finance as the finance minister told the financial times we don't want to lose our manufacturing sector and twenty ten brazil's economy grew at a blistering seven point five percent rate and then a slowdown last year just two point seven percent and in january this year brazil's manufacturing sector actually declined to two point one percent after a flood of asian imports puir into brazil's retail stores cutting demand for products manufactured in brazil by brazilian workers creating real wealth for for brazil as the financial times reports the government fears that employers will try to maintain their competitive business by cutting workers' salaries hampering domestic consumption domestic consumption is the key phrase here the brazilians know that demand drives an economy and the vast majority of demand in the economy comes from workers having good wages in money in their pocket that they can go out and spend for they're creating demand for more goods and services. brazil is absolutely committed to not making the same stupid mistake the u

times more than i and makes me angry he is not alone wanting to thirty eight published in the financial times two thirds of americans are unhappy with the current economic model i'm a high school student and my option seems to be going into college to go into debt . not get a job instead it seemed to make sense to me there and in the restaurant business his entire life for the last two years homeless with a passion for puzzles and the yankees he sleeps in an abandoned jail in new jersey about problems you know worth it with incarceration good luck with everything and sometimes i don't get is how. they're able to do some of the things there they've been down there. that they don't you know they're not held accountable for it that doesn't make sense and some of the really clear victory for free you have no problem with people being angry with my criminal acts because i did it. and convicted of white collar criminals sam antara says he's milked what he could out of the u.s. economy a committee the massive securities fraud during the 1980's we fleeced investors out of five hundred million dollars

. >> financial times? >> thank you very much. speert spiegel for the financial times. if i can get back to the opening question about the libya report. because it's not completely complimentary to nato's conduct. just to read one section. nato's characterization of four or five targets where the commission sound civilian casualties as command and control nodes or troop staging areas is not reflective of the evidence at the scene or witness testimony. it basically argues that given the information provided by nato, it does not know whether the civilian deaths occurred because there were legitimate military targets. do you anticipate nato will follow up and provide the commission with the information it is seeking to determine whether those legitimate military targets or not? thank you, sir. >> let me stress that we have fully cooperated with the commission. we provided them a significant amount of information, much of which has also had to be declassified. and you can read the reports we sent to the commission because you can see them in the annexes to the report. and t

we talk to richard mcgregor of "the financial times" and damien ma of the youra-- your asia group. >> to put political context, let's remember many of the top leaders don't like him as a politician precisely because of his western style charisma, that rubbed a lot of people the wrong way. and i think he was in some sense banished out of chongqing from beijing where he was a finance minister. he tried to make a name for himself doing all these red songs, maoist cultural revolutionary shenanigans that r i think, disturned the top leadership at some point. >> rose: and then there's the sudan where george clooney and john prendergast recently returned from south sudan. they testified before congress in washington and met with the president and the secretary of state. >> we were the u.n. the day that the south announced before the referendum they announced if there is a vote for independence for the south, we will support them. and the minute that happened, everything changed for the south. the idea before that was there's a great possibility of a real civil war like a bloody war that was

financial security. now in contrast and also acknowledging what you said, clearly, there's a feeling that the government needs to provide that social safety net. and so, you know, at the same time that they recognize the importance of providing for their financial security, they also want social security, medicare and again to your point, protection for financial investors. i'm not so sure it's that conflicting. i think it's encouraging that two-thirds clearly want to -- you know, they feel like they need to. i think part of that and as a part of that, they're feeling like they're making their plans with medicare as a part of it. >> governor, i want to talk with another generation. i want to talk about young people and education and what we can do to make education work better. for the people that are basically going to have to be paying with their tax dollars a lot of the income and medical security that this whole generation is going to need. at the state and local level, what are some of the -- what are the major problems in paying for and creating quality education? and what are the best ways to address these problems? again, at the local level? >> well, let me begin. i jus

atlantic for you to pick up outside, it's a great issue to get as james said, but thanks to the financial times and i belief in magnanimity, we have the ft out there, ed is an author of a forthcoming book called "time to start thinking: america in the age of decent," that shows where his thinking is going no mat where are the nasdaq is, ed, the floor is yours. >> not sure this is working, thanks steve, amazing audience here, which amounts to about 1% of your friends on facebook, i think you are a world record there a side from lady gaga. i'll not reintroduce our friends because steve just has and you have the bios we have an hour and a quarter to ask what caused this crisis in capitalism and how to fix it. i'm sure that it's too long. it's all very straight forward, but i will therefore get straight to the question and start with eve. a blogger well known to all of you, of naked capitalism with a well-known book that came out quickly after this crisis and ask you eve, from the perspective of today, looking back to the build up of 2008, you can almost indulge in a kind of murder on the orient ex

if it does what the financial times gurus tell it to do, it'll soon be in the same sink that the others are in. and the idea that germany is going to inflate its way out of this is nonsense. it has the highest productivity growth rate of any of them. so the result will be that the others will inflate relative to germany. that goes in the wrong direction. the german response is let them deflate. what are we talking about? for greece we're talking about a 30% deflation. 30% deflation. that's like the great depression in the united states. would you bet a plugged nickel that that's going to happen? the greeks are very, very slow to implement any reforms. 30% reduction in wages? it's just not going to happen. for italy, it's 20% to 25%. for spain, it's 20% to 25%. nobody even talks about cost of production. but cost of production is the solution to growth. so my proposal is a very simple one which no one in europe wants to hear. and i'll tell you why they don't want to hear it in a minute. what i say is, keep the euro. divide it in two. take the southern countries and have a soft euro. floa

and global investors are lighting their hair on fire as the financial times rose today india's last export ban declared in two thousand and ten helps on cotton markets to record highs farmers and mills defaulted on deliveries as prices jumped causing losses or poor results for global commodity merchants but india doesn't care because they view their economy differently than we do in the united states they put the best interests of their citizens above the best interests of global markets so they could care less about what the banks through in the financial times are so let me show you what's going on here. two thousand and eleven was a rough year for indian cotton crops as diseases of climate change cut into their crop yields creating a shortage moved a lot of that cotton out of the market on top of that china which is india's largest cotton importer is due is demanding more and more of that cotton more than normal so what the indian government is trying to prevent is a cotton shortage within their own nation that could cause prices to shoot up for indian textile manufacturers people who m

majority unsatisfied with the economic situation today and according to a survey published in the financial times two thirds of americans are unhappy with the current economic model on associate churkin reports from the big apple. i mean . their kids task but its rules still apply wall street to keep up a tier of america's economy. it's recklessness set off a financial meltdown overly was in just one crash we've been crashing having been fundamentally it's an attack on the rest of the world and the bankers. are leading the army traditionally a symbol of a bullish economy and financial might the statue near wall street has for many become associated with the system of economic injustice the power of the few over the many where main street america pays me. so they're making light and thousand dollars last interventionists they were last year big deal when they're making you still like ten or twenty times more than i and makes me angry he is not alone according to a survey published in the financial times two thirds of americans are unhappy with the current economic model of a high school student an

find work pay their bills and feed their families now according to a survey published in the financial times two thirds of americans are unhappy with the current model the current economic model are one on the internet loves cats things like the fat cats of wall street don't get the same love are you going to se her going to reports from the big apple. i mean me oh god. decades past but this money still applies to wall street the key property or of america's economy. it's recklessness and often financial meltdown overweight is just one. sense fundamentally it's an attack on the rest of the world and the bankers. are leading the army traditionally a symbol of a bullish economy employing natural might the statue near wall street has for many become associated with a system of economic injustice the power of the few over the many where main street america pays while wall street remains untouchable so they're making like ten thousand dollars less than their bonus they were last year big deal when they're making you still liked and actually times more than i and makes me angry he is not alone acc

what he's trying to do in the interview with "the financial times" to say that things aren't as bad as they were. greece will be a more productive place in five years' time. >> interesting point, election coming up. trying to impress the locals, as well. >>> here in asia, markets ending mostly higher. let's look at the broad numbers. and consider that we had such a strong run-up globally, which continued last week. and it's continuing this day, as well, except for hong kong. down by almost 1%. it was the energy producers as prices continue to rise. two, big stocks in australia giving the broader market a 1% boost. we have shanghai up about 0.25%. the nikkei has been on a tear. and it's very much the exporters who are driving the nikkei higher. just a quick piece of news, sales at south korean department stores were up by 3% almost in february, of a 4.1% drop in january. that's an interesting reflection, since south korea is so independent on exports. >>> today's gains in asia are lending more support to what the imf chief, christine lagarde said on sunday. in a the world economy has, q

four hundred twenty percent on interest on your payday loans and this is segregation this is a financial part time if you're on wall street you actually your funds are negative or negative one percent the fed gives you gift you money and then you park it back at the said you make a one percent spread that's a negative interest rate you know it's just like the indians back in two hundred fifty years ago two hundred years ago a buffalo bill the only be rolling across the plains shooting the indians and shooting the buffalo dead to starve out the. the indians here blankfein and jamie diamond j.p. morgan are starving out the poor people america hoping they just die and go away that's the whole place the myth is and the propaganda is that the economy in the united states is now booming everything is recovering so all of these unbanked people they might become banked you know they might get a job one day well penta soaring oil inflation and households soaked in debt michael pentode an investment adviser is that banking world news to respond to the claims that the economy is recovering he points to the t

according to the "financial times," exxon, b.p. and conoco are negotiating a $40 billion project focused on sending liquified natural gas from alaska to asia. other media reports indicate a multibillion-dollar international drug deal could be coming. generic drug maker watson pharmaceuticals reportedly is close to making a play for actavis out of switzerland. the price tag could be close to $6 billion, creating a global generic drug maker. shares of watson shot up on speculation of a deal, rallying almost 9% on very heavy volume. this is its highest price since january. after the close tonight, earnings from discover financial. they came in stronger than expected, beating estimates by 24 cents per share. customers using their discover cards more often helped improve its business, as did a growing number of student and personal loans. shares were down a fraction with the rest of the market today, and they fell another 2% after the earnings release-- perhaps some profit-taking after a 40% rally in the past year. another financial sto

we're talking really influenced newspapers, the "wall street journal," "the "financial times.""ust have cost a lot of money. it's private money. they're a group of friends and like-minded business associates, we got together and decided that we needed to do something for our country to dispel the notions you mentioned before in the opening of this chat, to really resteer the conversation much more based on facts and to highlight the pain that has been taking place so far and the commitment that there is generally throughout greece for this reform. i mean let's not forget, the majority of greeks want to stay within europe, they want to keep the european currency and they're committed to do much more to stay in that family. >> let me ask you this. yesterday evening i was speaking the a hedge fund manager who rather flippantly said greece will be out of the euro in 18 months. what do you say to people like that and what is your reaction to speculators who are betting on greece not staying in the current bloc. >> the speculators are doing their business. it is up to us as greeks in

the financial times shows an animated discussion between the greek in german finance ministers after zone members delayed the approval of more than half of the $140 billion bailout package. "the times" shows us the singer engelbert humperdinck who is a surprise choice to represent the u.k. at the euro vision song contest. >> this is "newsday" on the bbc. >> these are the headlines. syrian opposition forces say that they are withdrawing from the besieged a district in homs. >> iranians will shortly go to the polls to vote in parliamentary elections. in britain, two people had been found guilty of murdering a teenage boy they have accused of witchcraft. eric bikubi and magalie bamu are accused of the murder. the boy died with 130 separate injuries. that story of the murder of kristy bamu has thrown the spotlight on the beliefs about witchcraft. we heard the story of four siblings. >> sunday in the democratic republic of congo. this church is known for its exorcisms of disease and evil spirits. in the case of this child, there was no suggestion of ill treatment but there is growing conce

the "financial times" shows an animated discussion between the greek and the german finance ministers after there is a delay over the bailout for greece. "the times" shows us the singer engelbert humperdinck who is the surprise choice to represent the u.k. at this year's eurovision song contest. >> this is "newsday" on the bbc. >> these are the headlines. syrian opposition forces say that they were withdrawing from the deceased district in botched the besieged -- syrian opposition forces say that they're withdrawing from a besieged district in homs. the chinese foreign minister is heading to seoul to meet his south korean counterpart. the agreement would be the big topic, however it is taking place against a background of rising tension over china's planned repatriation of up to 13 north koreans. there have been protests at the chinese embassy, strikes by officials at the u.n., and even the south korean president has spoken out. what is expected to come out of these talks? might this ease the tension we have seen in recent days? >> those topics are likely to come up at the top of the

the financial times says press assets will not have a member of the murdoch family at the helm since . "the guardian" has the headline, "the sun also sets." "the times" details the next steps, saying he will focus his energy on expanding the tv business. "the international herald tribune" says it is trying to depict his resignation as a part of his relocation to new york. this is newsday. i am in singapore. >> i am in london. these of the headlines. -- are the headlines. north korea will suspend the missile tests in return for food aid from the americans. >> after four weeks of the bombardment, the syrian government's ground offensive in homs is underway. welfare groups have stepped up its campaign to stop there is being farmed for their bile. bear bile is being used as an ingredient in chinese medicine. it is supposed to increase i said. it is expected from living baer's -- increase eyesight. tracted from living bears. >> this is a bear farm, where animals are milked for their bile. campaigners say this video shows the horror of this procedure. hear, a farmer shows how it is done. a

it has been a tough, tough financial time for families. it is important that low-income families have access to public transit. the point that i want to emphasize is the importance of making sure that it is not just free for low-income children, but all children in san francisco. when the board of supervisors passed a resolution that was approved, it was a resolution that called for public transit to be free for all city children -- all children in the city of san francisco. when we talk about being a transit first city, we want to make sure that we mean what we say. it is about changing the way that public transit is seen in the city and county of san francisco. if it is transferring to what it needs to be, it cannot just be about poor children riding public transit. it has to be something that every child, in respect of that blast. we see public transit as an integral part of their lives. the cities that have implemented this kind of a program, like new york city, have not made discrimination based on income. as an agency, we have a resp

the financial times counts the fiscal cost of natural disasters that plagued 2011. floods in thailand and earthquakes in new zealand and japan the most expensive. >> this is "newsday." >> the pope has met the former president of cuba, fidel castro. to call for the authorities to grant a greater freedom to the catholic church. >> an american teenager has been found guilty of shooting dead two british tourists in florida in april last year. >> the australian council of social services holding a conference this week to discuss the problem of rising poverty in australia. a new survey found that there has been a sharp increase in poverty levels among working parents and those who are unemployed. it is five times higher. the study estimates that nearly a quarter of those who are given government subsidies cannot afford a decent secure hon. more than 40% cannot afford dental treatment or insurance. the government wants to spread the wealth to those less fortunate. the proposals have been met with stiff opposition from the country's rich. this has come as a surprise that th

. >> the corruption is overpowering, would you say the same about the financial times? >> whatever you think about the financial times, i think saying liberals have decided that climate gate was real was an overstatement. it sort of matters more than what conservative papers in england think about it, right? >> the appropriate thing you may not have remembered, rachel, i asked the question of lisa jackson. by the way, you and lisa jackson and barbara boxer are my three favorite liberals, i enjoy watching you very much. lisa even has a picture of my 20 kids and grandkids hanging on her wall. she and i get along fine. i said i have a feeling as soon as i get out of town, you're going to have an endangerment finding so you can regulate the very thing you could not pass legislatively, that's cap and trade. she kind of smiled, and i said when this happens, what science are you going to use, she said, of course, the ippc. that's what we've been talking about here. everything that is coming out in terms of regulation or, i should say, overregulation, is going to be predicated

he spoke recently and martin wolfe of the financial times interviewed him. as another thinking out loud moment. when you spend times with larry summers, you not only get someone who is deeply engaged, you get someone who thinks aloud in ways that are often different than the larry summers we got to know in the media. >> thank you, steve. >> thank you for that introduction, mostly. others would say that the reason people come to hear me talk is a little bit like going to run on the race. you never know when i will crash. >> larry, i was going to add to just remind people who did not know who you were that you're the former head of the nbc, former treasury secretary, former president of harvard and future we do not know what, unless you want to comment on that? ok. we have spent a lot of time today talking about not much happening between now and the end of the election. we have a fair number of speakers who have talked about what happened to -- what happens between and. it is an important moment for our country. ed rendell said if we do not do something in tho

profession could not be considered a 9-5 job and needed to look at jove time cost because of the tight financial times. >>> $10 million at sparrows point could become idle. union officials say market conditions are to blame. workers were given notice before christmas and the company is laying off 720 workers. operations started this year, no word on the future of plans. >>> we want to update you on the story we first brought to you last month. people living on coon hunt court trying to get the county to training the street's name complained it has offense icon notation dating back decades. the county will take up the name change among other opings are christina court, lime banks road and snow flurry hill. according to one council member, most people prefer christina's court. disposal bag tax is making big bucks for the water management fund there in the first month, the five cent bag tax raised more than 150,000 dollars, if it continues at that rate the county is expected to raise $1.8 million this year. however bag usage expected to drop over time. >>> a food drive is underway. how you can help peopl

we begin with the financial times and its headline -- the u.s. and five other world powers have agreed to reopen negotiations with iran over its nuclear program. cathay pacific will hire 400 ground staff. it is reportedly part of a move to modernize and expand the international airports. brazil becomes the world's sixth largest economy. after all the hype about electric vehicles, the industry has suffered a reality check. the paper reports there has been lost interest and battery powered cars at the geneva auto show this week. >> results are coming in from 10 american states for choosing a republican candidate to run against barack obama. exit polls suggest the front- runner in the race, mitt romney, and his closest challenger, rick santorum, have both won in three states. the contest is neck in neck and ohio. the assault -- the bashar al- assad regime has so much blood on its hands that it is bound to continue its violent crackdown. britain's ambassador to damascus spoke to abc. -- bcc. thousands of syrians continue to flee the island. our diplo

we began with "the financial times cot." the u.s. agreed to reopen negotiations with iran. that announcement sent crude oil to its lowest price this week. china reports that it will hire 400 ground staff. it is reportedly part of a move to modernize and expand the hong kong international airport. "the guardian" looks at brazil to become the fourth largest economy. after all the vehicles, a reality check. less interest in battery powered cars. because of poor sales figures. >> time for us to catch up on the business news. we have a great story from australia. >> i am not sure one can actually say that. from the last quarter of 2011 showing the north point of 4% -- that is half of what analysts expected. a lot of euros and countries would really love that type of growth. it has a two tier economy. we have also seen its retail and business really suffering. the problem with the mining, of course, is it relies on china and india for demand. a little earlier we spoke to the finance minister. >> it is important that we do with the number in perspective when you consider the very

ending this edition examines how the greek tourist industry has been influenced by the country's financial times. oh yeah. i. see. today. as greece kid struggling to avoid a catastrophic bankruptcy its lawmakers approved bailout. europe stronger economies are eager to help their neighbors. for spending cuts and. tourism increases are the source for many. but as the crisis goes along. tourists are not that willing to do. so what's the remedy is there any chance to save the country by this tourist industry probably. more to discuss. its mayor to a city called. the economic crisis and. the. protests have damaged the greece's. nation some people became afraid to visit. the greeks trying to. track prices are reasonable. remains high. the whole experience is the same as it ever was as they have been untouched by the turmoil on the mainland. as a tremendous calumet a sad. day and specificially thank you for being with us today. also like this starts with the image of greece that we have been seeing in the media lately. it doesn't look very optimistic please with news of the crisis of mass protests and

the financial times counts the fiscal cost of the natural disasters that played 2011. the biggest post-9/11 loss. >> this is "newsday." >> the pope has met the former president of cuba, fidel castro. he called for the authorities to grant greater freedom for the catholic church. >> an american teenager has been found guilty of shooting dead two british tourists in florida in april of last year. brazil, russia, india, china, and south africa are the world's leading economic powerhouses. 40% of the world's people. leaders are meeting to discuss future trade and cooperation. for more details on what is being discussed at the conference, i am joined by a senior fellow and vice-president of the observer research foundation. thank you so much for joining us. first of all, some analysts are saying that despite efforts to strengthen cooperation among the countries, china will dominate the grouping because of its vast resources and power. >> china does tend to be a strong player in any grouping. the whole idea is to try to move beyond the power and look at more cooperative fram

the financial times says the european union will press ahead with plans to increase the proportion of women on corporate boards with quotas. this is gmt. the headlines -- as the people of homs flee the city, the lacrosse is denied access for the fourth consecutive day. international monitors say that vladimir putin's victory in russia was not fair. time for business news. jamie is here. you want to stay with russia. >> the russian stock market is up the last seven months. it has done well. they like the idea of stability. but there has been worry about vladimir putin's ability to deliver on economic reforms. that the economy is still very export-oriented, very dependent on the oil price. whether he can start to change that and diversified economy, which has been talked about a great deal, but whether he can get around to doing it is a different matter. the way in which he actually tries to transform the economy will require increased taxes and possibly taxes on oil exports, and it is not clear at the moment exactly how he will be will to do it or whether he can do it. this is what an

the financial times writes about the situation in europe. europe is finally emerging from its two-year sovereign debt crisis. tensions between iran and the usa. president obama has stressed that iran cannot develop a nuclear bomb and that he is not bluffing. here in the u.k., the guardian is considering a controversial plan regarding the police. companies could take responsibility for investigating crimes, patrolling neighborhoods, and even detaining suspects. the daily mail claims some british banks are going to raise interest rates. there currently at half of 1%. this is bbc news. these are the headlines. the united nations secretary general ban ki-moon accused the syrian government of committing crimes against the country's civilian population. five american states have been hit by tornadoes. indiana is one of the worst hit. at least six people have been killed. more on syria. two weeks ago, the british photographer paul conroy was working with marie colvin, who was killed alongside a french journalist. mr. conroy is back in a london hosp