she was a former deputy editor of the financial times in london and editor of the u.s. financial times which is the paper that i alluded to, and began as a stringer in ukraine working for everyone from what i can gather covering -- >> a lot of people there. >> a lot of people to cover. and eventually writing a terrific book called "sale of a century, the inside story of the second russian revolution." lee bollinger is the president of columbia university. he's made a study of the first amendment and a little over a year ago in the columbia journalism review made a dramatic proposal for how he might address issues of the internet and the state of journalism today which i'll ask him to do in just a moment. then we'll hear some remarks well from rebecca mckin who was for most of the 1990s, well, for nearly all in beijing for cnn. the bureau chief. almost raised to that task taken been taking by academic parents to beijing as child and put into public schools an went on to report at bureau chief in tokyo and now is a senior fellow at the new america foundation. her book "co

managing editor of the "financial times" and a columnist in for the "financial times." >> this is not a life-threatening event for j.p. morgan, it's not systemic, it doesn't involve counterparty risk or meltdowns or the other things that are scary. this is like making a bad loan which j.p. morgan and other banks have made many times. >> anybody inside j.p. morgan should have said "hang on a second, do we want to become the entire market? we've become so big we're swamping everything else." it distorts prices and creates risks. you have to ask why did no one spot that. >> rose: we continue with clay christensen. a harvard business school professor and author of a new book called "how will you measure your life." >> what you really need to understand is what causes these things to happen. what causes that company to be successful and if you are in a different situation will the same or different result happen? and so trying to understand what causes happiness just as what causes success in the business world that's what we're about. >> rose: we conclude this evening with charles simonyi

. >> financial times, midwest bureau chief. before that he was, reported for the andes in financial times. travel to colombia, venezuela, throughout the andean regions. he has written a very provocative book about how the changes of the global economy, the commodities have affected not only latin america's economy in the sense of their own sense of destiny on also affected u.s. policy. what we will do is will have hal speak about 10, 15 minutes about the book, and then we will have a discussion going from my immediate left, the managing director at hsbc, and felicia, who is master teacher at new york university. also adjunct professor at the latin american studies program at new york university. so i just want to give a shameless plug to the journal that we publish your, america's quarterly. but enough about me. hal, let's talk about her book. tell us about the conclusions you have in your book. why it's called a passionate cause a problem with their own members with a meeting of u.s. dominance in the region. >> thanks very muc

the top financial services regulator told the financial times of his plans to give shareholders in europe a binding vote on executive pay. the gulf news reports that american expatriate have been warned that should be scared of legislation. the paper says this has great ramifications. >> good to have you with us. president has about to boost growth and resolve the economic crisis. >> greece looks do for fresh elections as there are fears of a euro exit. united nations observers have been caught up in violence. video shows a roadside bomb exploded in front of the u.n. convoy. followed by gunshots in the town of khan sheikhoun. at least 21 people were killed in the attack. >> the observers were patrolling the town of khan sheikhoun. amid reports of the dublin government attack on a funeral procession. on a funeral procession. people were running for cover and damaged the u.n. vehicles. the monitors tried to organize a safe exit, the insurgents of the government blamed each other for the attack. in damascus, they've waited for news, trying to make sense of what had happened. at least one ver

the financial times -- they will listen the moderate starts to -- the spain. the moscow times says of cloud has been cast over the russian aviation agency. china daily it leads a new era for china's oral industry. -- oil industry. >> a roadside bomb had exploded near a convoy of u.n. cease-fire monitors in syria. >> barack obama has become the first u.s. president to back same-sex marriage. >> rescue officials in indonesia say that a spot the debris in an area where a superjet 100 it's got to crashed on wednesday. the russian plane with at least 46 people was on a demonstration flight near the indonesian capital when it went missing. joining us now for the latest is our next guest. where did rescuers spotted the plane wreckage? >> not too far away from the area where it is that that the plane first went missing, first lost contact with controllers on the ground. an indonesian official has said that the wreckage of the plane was spotted during an aerial search made by a helicopter in the early hours of thursday morning. at the start of the day, search and rescue

the financial times says the response to the crisis is the reason why investors are fleeing to safe havens, plunging u.s. borrowing costs to post-war lows. brussels has put francois hollande on notice, saying the european commission is concerned about his economic agenda. a problem usually associated with the west is moving east. the south china morning post says that hong kong's aging population is accelerating. it could hinder development. a former chef to queen elizabeth has revealed her very normal male habits. -- meal habits. >> this is newsday on the bbc. i am in singapore. >> i am in london. the free syrian army has issued a 48 hour ultimatum to the government to pull its troops out of towns and cities. >> borrowing costs in spain have risen to new highs. to the level that forced greece to seek a bailout. the world economic forum begins this week. its focus is on the east asian region. it continues to grow. it may help offset a global slowdown. they expect to see decent growth this year. bangkok.n why is the region important? >> it is important because of its incredibly large popula

the financial times features president obama's speech to americans during his surprise visit to afghanistan. just days away from the french presidential election, nicolas sarkozy's mayday rally speech. in the land of the world's tallest building, 500 skyscrapers across the united arab emirates do not meet fire safety standards. >> president obama has made a surprise trip to afghanistan signing a deal to cement u.s.- afghan relations for a decade. >> british lawmakers have accused rupert murdoch of willful blindness over phone hacking, branding him unfit to run a major global company. the burmese opposition leader is taking her seat in parliament on wednesday, just over a month after her party won a sweeping victory. her debut comes after a recent flurry of diplomatic activity as the outside world seeks to support the reforms introduced by the new civilian-led government. are southeast asia correspondent since this report from the burmese capital. >> suu kyi, the little later than 8 -- than anticipated. parliament has already been in session for over a week. her party objected to the wording

one councilman said the bill is coming due at a difficult financial time when talking about laying off police and fire personnel. >>> an 18-month-old mother -- 18-year-old mother, of course, is facing attempted murder charges tonight. she's accused of trying to kill her baby with rat poison. they tipped police off to the plan. officers say the mother placed the poison in the baby's bottle. the child did not appear to be seriously injured. >>> after receiving complaints from parents, educational officials in new jersey are dropping a controversial question. it asked third graders to reveal a secret and write why it was difficult to keep from parents. some parents thought it was inappropriate. >> i thought it was a terrible question. i thought someone should be called. >> very sensitive to the family and a student. i eam a social worker. i think it triggers very personal feelings. >> the new jersey department of education says the question was only betried out and will not count in scores. >>> friends and family gathering in egypt for the funeral of a 28-year-old waiter was surprised and

the financial times reports two of the best known businesses in the u.s. will come together in a strategic partnership. barcelona airport is covered and rubbish after they went on strike over pay and benefit cuts. >> the headlines for you this our -- mitt romney within the past 50 minutes has clinched the republican nomination. he won the texas primary. >> the on void for syria has told assad to take bold steps to ensure the peace plan is at a tipping point. >> more on the presidential election. confirmation that mitt romney has finally won enough support to become the republican's party candidate. welcome to bbc news. we were just waiting for the percentage and official confirmation of those numbers. a win for mitt romney. >> i am not surprised at all. he went from being the presumptive nominee for president, one whose three opponents have all bowed out and endorsed him to being the certain republican nominee and once the convention in tampa is held, he will be the republican nominee. >> are you pleased? >> well, i am happy that republicans got the nomina

the financial times says the disjointed response to the crisis is the reason why investors are fleeing to safe havens. brussels has put french president on notice, the european commission is concerned about his economic agenda. a problem usually associated with the west is moving east. hong kong's aging population is accelerating and could hinder its development. corn flakes, special k -- a former chef to queen elizabeth has revealed her. normal meal habits. -- has revealed her normal real habits. >> the free syrian army has issued a 48-year-old ultimatum to the government to pull its troops out of towns and cities. >> borrowing costs in spain have risen to new highs. the lawyer for the former president of liberia says he will appeal against his sentence of 50 years for war crimes. last month, he was found guilty of aiding and abetting rebels in sierra leone during the civil war between 1991 and 2002. the judge described mr. taylor's crimes among the most heinous in human history. >> when charles taylor arrived in court, he knew there was no precedent in modern times for sentencing a f

the "financial times" reports -- saudi arabia has banned all reporting agencies.nd "the *" pays tribute to the queen of disco. donna summer has died at the age of 63. >> this is newsday on the bbc. >> facebook has set the price of its share offering, having a value of more than $100 billion. >> relatives of the blind chinese activist have given detailed accounts of the torture they claim they suffered at the hands of chinese authorities. >> japan and australia has signed an agreement to share intelligence in the asia-pacific region. the deal comes as china's influence in the region grows. until now, japan had only shared information with the u.s., nato, and france. many would see the move as an attempt to contain china. >> this is not the first agreement. there have been other agreements between australia and japan. the u.s. has also increased its involvement in the region. it is pretty clear that this is how it will be construed by china, that this is an attempt to contain the military buildup by china in the region. >> what does this say about australia's ties w

financial times deutschland blames greed for the pollen share price. -- fall in share price. this suggests the company was overvalued. google perhaps has a few too many. the eu has issued a surprise and the monopoly ultimatum to the online search giant. a newspaper says germany will reject proposals at a summit on wednesday. the former england football manager -- >> president obama has said there has been progress in chicago to form a long-term plan for handing over security in afghanistan and pulling out western combat troops. >> the al qaeda branch in yemen says the carried out the suicide bombing in the capital that killed at least 90 soldiers in sanaa. a former student at rutgers university in new jersey has been jailed for three days for using web came -- the web can to spy on his gay roommate. the 18-year-old roommate jump to his death after learning thatdharun ravi had filled a sexual encounter with another man. >> in court, the 20-year-old showed little emotion. he had already been found guilty of filming his roommate and fellow rutgers student tyler clementi in a sex

global economy with mike stronger for a no holds barred look at the global financial headlines kaiser report. welcome back across time you know about to remind you we're talking about the financial crisis in the euro zone. ok might go back to marshall in new york or so one of the things that has been covering this crisis since it started here and one of the things i find very interesting is that you know we look at protecting sovereign countries looking at greece we're looking at the other pig countries here but i've always got the sense it's really about protecting banks ok because every traunch the goes into greece pays off some banks here there is no benefit for the people of greece at least in the immediate term ok and this is one of the troublesome things about this whole crisis is that you have politicians looking after the interest of their banking friends but not of the people on the ground this is why we're having so much turbulence. yeah i think that's true and again i would go back to the earlier point they were only i don't think this has been a public problem a public prophecy you would have had major pr

the financial times features president barack obama speech to americans during his surprise visit to afghanistan. coming on the first anniversary of the death of a some of the mountain. just days away from the french presidential election, splashes with embattled president nicolas sarkozy's made a rally speech for him for workers to put down the red flag and serve france. in the land of the world's tallest buildings, 500 skyscraper's across the united arab emirates does not meet fire safety standards. >> you are watching "newsday >' >> president obama has taken a surprise trip to afghanistan. >> the british lawmakers have accused rupert murdoch of willful blindness over phone hacking, branding him unfit to run a major global company. ruperts return to the murdoch's story and the rolling that dubbed him unfit to run an international company. for more on that, i am joined by a professor at queensland university of technology and joins me now via skype. thank you for joining us. it is an extraordinary language that has come out of this report. how is it going down in australia? >> austr

and that's why this is so important in terms -- >> take annealed early to position in the financial times>> we are. >> which side, regulation? >> we're going to be certainly on better regulation, yes. >> right on, jillian. we'll be right back with predictions! you woulda thoughtalked from the name of it, it was gonna be packed with sailors. so i immediately picked out the biggest guy in there. and i walked straight up to him. now he looks me square in the eye, and, i swear he says, "welcome to navy federal credit union." ha! whoa friendly alert! i got a great auto rate outta that guy. with rates slashed across the board, it's a great time to buy a car. 4 million members. 4 million stories. navy federal credit union. >>> prediction, patted? >> big democratic defections from obama's position on gay marriage. >> the tea party will cost the republicans control of the senate. >> rich? >> richard murdoch handlely wince the election in indiana. >> next four soon of revolt. >> president of syria will survivor attempts and maintain his presidency! happy mother's day! bye-bye!

and that's why this is so important in terms -- >> take annealed early to position in the financial times>> we are. >> which side, regulation? >> we're going to be certainly on better regulation, yes. >> right on, jillian. we'll be right back with predictions! >>> prediction, patted? >> big democratic defections from obama's position on gay marriage. >> the tea party will cost the republicans control of the senate. >> rich? >> richard murdoch handlely wince the election in indiana. >> next four soon of revolt. >> president of syria will survivor attempts and maintain his presidency! happy mother's day! bye-bye! tostitos, how'd you think of these scoops chips? it was the 1990s. dips had become extreme. layers of intense ingredients. it was too much. no! [ sighs ] i was a broken chip, and i needed to change. but how? i wandered the world looking for answers. i looked at stuff. then it hit me. i'd change my shape. now i'm ready for any dip. even this big old dip? boo-yah! bring it! bring it! boo-yah! boo-yah! boo-yah! boo-yah! ♪ boo-yah! ♪ if loving you is wrong ♪ i don't wanna be right ♪ ♪

news from the financial times that some of europe's biggest fund managers will be dumping their european assets because of fears that greece will exit the eurozone. in the daily telegraph, a town said to have been saved by the pied piper may well need its hero once more. a legion of rodents has returned and is causing havoc. >> this is newsday on the bbc. our headlines this hour, rebels in syria have said that al qaeda is active in their country. they say they have been offered money, weapons and other support from the islamic militants but have turned it down. chinese dissident chen guangcheng leaves china. his brother says he has now escaped his heavily guarded village. french elections could -- fresh elections could be forced in nepal. a court rejected a plea from the assembly to extend its term from sunday so it could agree to terms. joining me now is a professor at the institute of southeast asian studies here in singapore. we know that all of this has been in the work for several years. why did it take the government so long to come up with a constitution? >> it has to do mostly wi

columnist for the financial times newspaper. and the author of time to start thinking america in the age of descent. >> the american middle class is the most, the motor, it has been until recently the motor not just of the american economy its spending power but of the global economy, and the fact that that motor gets a little bit weaker with each fresh business cycle or actually quite a lot weaker with each fresh business cycle if you take the last two, including the one we are in the middle of, it is profoundly worrying because people don't have the answers, policy makers don't have the answers, in terms of what to do about this. so it is with a great sense of foreboding and also of feeling troubled that i wrote this book. >> rose: we conclude this evening with corinne narassiguin, she is a candidate for the french parliament, a candidate to represent french citizen whose live in the united states and canada. >> ten years now of continuous right wing government, especially over the past five years, in the regime we have actual

he's at the financial times today.theory, he's the government minister pushing for lords reform. he said it would make for a month expensive house of lords, it would give them more power. and as an example of what that power would mean, privatization would probably have never gotten through. people watching are saying, hooray. it's a very curious thing. the conservative minister saying, the thing that's of most concern, wouldn't have happened if the lords republic -- didn't sound to me like, should we call it an endorsement? >> it's interesting, it's not just him. there's no difficult finding colleagues of yours to say, excuse me we've got lots of big problems, this isn't one them. we really shouldn't be giving any priority to it. what do you say to them? >> i say two things. the same manifesto, was all about reforming the house of lords. i think tim put it pretty well. it's one of the things we need to do. is it top of the list? no, that's sorting out the economy. ultimately that does matter, i think it's important th

after the imf warned the british government its austerity will not revive the economy, "the financial times" reports on massive infrastructure plans. the pro-growth mood is even stronger in france, with a standoff with angela markell at a meeting on thursday. but it may be posturing and had a french parliamentary elections. with relatively small economies like greece and spain causing so much trouble, what about japan? ratings agency fitch has downgraded its credit rating, thanks to gigantic national debt. russian prime minister dmitry medvedev is finally a car- carrying member of united russia, the party of president vladimir putin. >> this is "new state." -- "newsday." >> millions of egyptians are preparing to cast their votes in the first ever free presidential election. >> european leaders prepare to gather in brussels for a summit focused on the debt crisis and how to boost economic growth. making and selling fake anti- malaria drugs should be treated as crimes against humanity, say the authors of a new study into the problem. the researchers from the u.s. national institutes of health

and "the financial times" has details at the shape up -- shake-up at jpmorgan chase.resident obama has weighed in, saying that there is a need to reform wall street. the world's most expensive sunglasses of gone on option. and the highest bid so far is $408,000. >> this is "news the" on the bbc. >> i am in london. the headlines this hour, financial markets have reacted to the alarm about greece and the future of the euro zone. >> israel has agreed to a list of concessions to stop a mass hunger strike by palestinian prisoners. the south korean president is in the burmese city of rangoon for talks with the apposition leader, aung san suu kyi. this is the first south korean presidential visit to the country for 29 years. the offer the country a wide- ranging package seen as a reward for the political reforms that the military-backed leadership has put in place over the past year. with more on the visit, we are joined from singapore by a visiting fellow at an institute of southeast asian studies. thank you so much for joining us. first of all, this is significant, the fir

greece stays on the "financial times "a front page as the left tries to form a coalition government and demands an end to what it calls "barbara's austerity plans." in israel, the international herald tribune reports on a surprising deal between prime minister netanyahu and the opposition party, avoiding the need for early elections. the shareholders spring dominates "the guardian." there are shareholder revolts over and accepted pay deals amid lackluster performance. the south china morning post reports on escalating tension between china and the philippines in a month-long confrontation over disputed territory in the south china sea. i can tell you there is a tribute to the person who completed the london marathon after 16 days. >> this is "newsday." >> a reminder of the headlines this hour. the would-be suicide attacks in the former underwear bomb plot was in fact a double agent. >> kofi annan tells the u.n. security council the syrian peace plan may be the last chance to avoid civil war. >> nine men in britain have been convicted of sexually exploiting teenage girls in greater manch

the "financial times" is reporting another french trade insurer has also stopped its coverage. >>> japan's industrial production grew in a second month in a row due to strong auto sales. the japanese industry ministry said on thursday industrial output increased 0.2% from march. the growth is due to the increased production of fuel-efficient cars as well as related parts and materials. the government has offered subsidies to buyers of eco-friendly vehicles. the ministry expects industrial output will remain on a recovery tract as production of parts for smartphones and personal computers is expected to rise. auto production has started to slow down in may. looking ahead, the industry ministry expects output to fall 3.2% in may and then rise again in june by 2.4%. ministry officials say they'll keep a close watch. the government is asking businesses and households to reduce energy consumption as power shortages are expected this summer. >>> a japanese tiremaker has started production in russia. executeives want to tap into the country's promising auto market. yokohama rubber opened its fact

i did a piece for the financial times maybe six months ago. and i also done an analysis which i published several different places which really takes the issue of observing that when as i recall and i used to sit in on the meetings which formed the european central bank, i was part of the g-7 and i would be trying to keep my mouth shut. >> were you successful? >> no. the problem basically is that there was a general expectation within the group before the euro began, a recognition that there are cultural differences. but the conventional wisdom was thatthe euro was impleme implemented the italians would behave like germans. as i recall it the ten-year note yielded 500 basis points two or three years before the euro went to place. by the time they actually moved into the euro that spread had gone down. so the markets believe that culture would be coalesced, enforced by the existence of a common currency. regretbly they are mistaken. what we found was it was a global boom which kept theureo system together. >> we can talk on this for hours but b

. >> let's go to miles of johnson with the "financial times" daughtry in madrid.kia was just a nationalized. now it appears the bailout will be much bigger than the government announced. who is going to foot the bill? can midriff afford it? >> quinn use a much bigger -- can madrid afford it? >> when it is a bigger, it really is much bigger. the real numbers started coming out, and i think it is $19 billion in capital from the government, which is a very large number, more than double what anyone would have expected. the question is, can in madrid for this? i think, yes, madrid can help with this. spain can still finance itself. but this is a very large the positive aspect is this might help to reassure people that the problem with bankia, which was the sort of the elephant in the room. >> the government continues to insist that bankia's woes to not reflect the wider financial system in spain. do you agree? >> i do agree. i think there is a wide acknowledgment that bankia was one of the worst if not the worst of the spanish banks. it was sort of created out of a lo

merger the ftc's review in casebooks purchase of about sharing site into a gram for $1 billion the financial times has started to gather information for some of these books rivals the investigation could delay the closing of this book and in saddam's big deal and today marks shepherd talks about the company's initial public offering that expect the week from today he is expected to meet with prospective investors and asset managers in pola said the meeting will not be up to the public or the press. >>> in the bill that bans employees is now moving for the california assembly approved yesterday and now heads off to the senate several other states are considering similar bans. >>> the tour california bicycle race will kick off its 2012 run into account the sunday stage one will be around trap with a start and finish lines both in santa rosa other bay area stages included monday from san francisco tapped last tuesday's stage three will run from san assays seen it yeast foothills to livermore and it is unlikely all see any of the cyclists looking like this guy. police in houston tx arrested a man for

and that's why this is so important in terms -- >> take annealed early to position in the financial times>> we are. >> which side, regulation? >> we're going to be certainly >>> issue four, obama forward! >> i believe that this country succeeds when everyone gets a fair shot, when everyone does their fair share, when everyone plays by the same rules! and i believe america is on the way up. thank you. god bless. >>> president obama raised the curtain on a new second term presidential campaign slogan, forward! forget the test on other proposed slogans. america built to last. win the future. hope and change. or, yes we can. his new matzoh could be dangerous, even crash and burn. forward serves to direct the minds of the future away from the public data from the first term, during that term the national debt was $10 trillion. now 15.6 trillion. federal spend, then $3 trillion, now 3.8 trillion. government size, then 4.2 million federal workers. in 2010, 4.4 million. the unemployment rate in january 2009, 7.8%. now 8.1%. the average price of regular gas then, $2.50 per gallon. now, $3.71 per g

agent's impact on government policy and, you know, specifically nicolas sarkozy was quoted in the financial times the only thing he had to worry about was preserving the aaa. you're seeing that as well in uk where you're talking about austerity measures needed to preserve aaa. can you understand why sovereign ratings in particular are treading into very dangerous territory vis-a-vis politics. can you tell me, each of you, are you discussing this at the highest levels in your ratings agency, and are you taking into account at all going forward or did you previously take into account at all the political impact of the timing and the consequences of your ratings? mr. kramer first. >> yes, thank you very much. the two interrelated questions. let me take them in reverse order about the timing. we hear that regularly. we can understand what you're doing, but why are you doing it now? couldn't you wait until after the summit or after the budget or until after we issued the benchmark next week? the answer to all of this is, no. we have to -- to disclose our opinions on an up to date basis to the marketpl

there's a trade story in the "financial times" this morning. trade war fears as u.s. plans duties on chinese solar imports. anti-dumping tariffs split the industry. the u.s. commerce department has proposed anti-dumping duties on imports of chinese solar cells, raising the threat of a trade dispute and dividing the u.s. solar industry over the decision. the proposed tariffs for dumping, selling at less than fair value, are at about 31% for 91 named chinese suppliers at about 250% for other imports from china. the decision follows a collapse in prices for solar components caused by global manufacturing over capacity after aggressive expansion, particularly in china. next up is lake charles, louisiana. hi, francis. a democrat there. >> yes. good morning. the debt ceiling should be raised simply because it is a matter of us owning our debt. there's no reason that our debt shouldn't -- that our debt ceiling shouldn't be raised. and i'd like to say something to the man from ohio, the black conservative. it's nice of him to -- to say that we -- that black people don't need