there will be change in france. write france off completely. the fact it is missing its that thethe fact german economy is suffering. be au are going to long-term investment, look at the structural change. fan -- air france trying .o change in terms of strategy the unions make some noise. the government buckles. it seems you can come out and but thewant to reform, unions are now making some noise. >> when i was your age britain was in the same position. we had rubbish bins outside of trafalgar square. the unions ran the country. britain successful reform was triggered by a changing government. part of it was triggered right a change in the way industry ,orked around margaret thatcher not something we necessarily supported, but it did change the economy. we saw similar things happen in germany when we asked how would the world change quickly. they focused and got themselves out of trouble. perhaps they are to internally focused to help struggling parts of europe out. is one fundamental problem. i think it would be a mistake to completely. off we

>> france is not finish. londonme minister hits to counter that in the french are hopeless and downbeat. the comeback of the century, -- the second place forcing a runoff with the president. hp had's for a breakout. the tech giant is said to split into two. good morning. you are watching "the pulse." we are right here in a london. i am guy johnson. what have we got coming up? you have to check this car out. a concept car. we will check it out later in the program. cashing in on golden week. how won a london restaurant is rolling in the chinese tourism. first, to our top story. to top stories and of this story. the french prime minister is in london and he is here to defend france and his government economic strategy. call it a charm offensive after one british executive called friends catastrophic and downbeat and. -- france caps off and downbeat and. i said that there are 2 big stores. francine lacqua is here to cover it. she is a back. i am not sure which is the bigger. good morning. >> a good morning. i wa

that would mean a referendum in france and that has always been bad news in france and particularly badews for the socialist party. be praying for david cameron does not go on about that. they want to focus on the economy. tos is valls' chance to come london and say, we are really serious about reform. take us seriously and don't go along with all of this stuff. >> do you think he has any chance of changing attitude? that thenot forget french have done better on their budget deficit than david cameron has done. on growth, clearly france is bumping along the bottom, where is the british economy has started to pick up. i think you will find it a very difficult sell. >> right. [laughter] how did the french feel about cameron's relationship with angela merkel? >> everybody knows that david cameron gets on well with angela merkel from a purely personal chemistry point of view. the french relationship with angela merkel has never really got to where it should be, as the two great motors of the european economy. they see the whole eurozone crisis from very different perspectives. the idea that

why not france? had a rotten attitude in the 70's, and we did create more createrk ethic -- it did an extremity. maybe there is redemption. i can only tell you what is ather than what will be. >> in hong kong equity has risen as talks begin with government officials. we are joined by andrew davis in hong kong. have tensions really eased? what is happening? >> it is extremely quiet on the streets. we are seeing dozens, maybe a couple hundred protesters, down from thousands we have seen earlier. it has been dwindling, but this seems more extreme. down toe opened headquarters. they seem to have responded. there has been a lot of pressure on the organizers to end this thing. things calming down, why haven't roads been open? why are people getting back to work? give me a picture of what is happening now. >> there is definitely more traffic. there is a road that feeds it. the main road from the eastern side of the island is still closed, yet there are people blocking it. the police seem reluctant to take d

is france under new management? does france need to be under new management?> i think it is a new management. el, we have a social democrat approach. very much pro-business approach. everybody including the government and maybe the it a strategicde error when they decided to increase taxes. and now, we have to be very to support this government. even if you are from the right or the left of the left, it is all national interest to have this government. one final question. everybody is wondering what you are going to be doing next. france is under new management. any particular french companies under management in the near future? [laughter] know, from the week iers that said last would be the ceo of a big french electricity company. whichs a decision, belongs to the french president, hollande. i am in the currency. the current ceo is a great ceo. i know that energy is key for f rance. realize the european strategy for energy and i know we can do that. that is why i am interested. we will see. >> we will see and we look forward to hearing from you on that. laur

they cannot be resolved only in france.rench begin in more leeway when it comes to the budget rules? t to the budget get sen brussels, should they be allowed to bend the rules? >> it is not a french question. today you see the beginning of cash drain from the eurozone to the dollar zone because of the changes in interest rates. growth isat the collapsing. the german economy has some serious problems. i would like our leaders to put the question in a different way and i would like the public opinion to put the question in a different way. the question is not should we allow the french to be bad students. the question should be should we react in a global context? >> we did think about this in a european context. we need to think about this in a european context. some people say that this is very positive. these are the kind of guys we need running the french economy. do you think that there has been a change of management? has that come too late? >> that is a very good question. there has been a change in management. there h

is as france produced 6.1 billion bottles of the beloved drink.in second place was italy which produced the equivalent of 5.9 billion bottles. >> it is tasty, but don't drink too much. thank you for that. >>hello. it is time to see what is grabbing headlines in the weekly magazines. we will start with "time," which focuses on the ebola virus which continues to spread. >> that is right. the first case in new york city. it is about the wave of panic in the u.s. it takes a look at the risks and realities of the outbreak. we have been hearing so much about ebola. but there is still a lot of mystery about the virus. "time" tries to debunk some of the myths with 12 answers to ebola's hard questions. these questions range from it becoming airborne to why people are freaking out and what can i do. >> let's move on to the e.u. because according to economists, there is not much hope economically there. >> it takes a page from monty python this week. it likened the european economy to a dead parrot. you can see angela merkel. she's quoting from the famous sk

the biggest taxpayers in france.hen the government go abroad on commercial diplomatic trips, they are only visiting airplanes, trains, and power stations. >> the old master and soul of the company agrees. though he knows the problems the company faces, he does not want to hear anything about a longer work week or later retirement. he repairs all the ancient machines. he jokes that we may watch him only if we are not industrial spies. >> we say if you plant grapes, the first harvest and maybe the second will be lousy. only afterward does it get better. with a long -- with hollande, let's see after his five years in office. >> the average manager cannot afford that kind of clemency. today, he has brought in a japanese designer. will that bring new ideas and new customers? will it restore the success of the label "made in france"? >> for months on end this year, large numbers of bulgarians took to the streets to protest against their government. they were successful. early elections are due to take place in october. man

france. over one dozen people have been arrested. police are taking all complaints seriously. >> first seen in the united states, the evil clown phenomenon cropped up in france earlier this month. car passengers had to fight for their lives. >> they are armed with bats hammers, knives. they want to stop people, demand money. >> one clown has been given a six-month suspended sentence. another was arrested after beating up someone. >> these are serious attacks. they can traumatize young women young people. they can be a way for real criminals to act. >> the trend reflects a malay. >> the clown can be seen. he is ugly, a failure, someone to distrust. an evil clown can be seen as a person seeking revenge. >> we meet the man who has nurtured and suspended some of the biggest names in contemporary art for three decades. if the walls of the gallery could talk, they would tell us about many. we will be asking about the market and the monumental artwork he has bought and sold. let's go meet our guest. just to start off, i would like to introd

france is a great country.his is a debate were having with all of our partners. >> there could be a freshly brokered secret deal between france and germany. berlin would oppose any sanctions brussels throws at paris. at a time of economic stagnation across the eurozone, there is growing pressure on merkel's administration to take a less austere approach. as paris commits to reducing its public spending by 50 billion euros across the next three years, it also wants germany to help out in committing 50 billion euros of investments as well. >> let's take a quick look at some of the other top business stories. russia has widened its crackdown on mcdonald's. now more than 200 separate investigations against the american fast food chain. the initial probe was launched in august over concerns of hygiene violations. many thought at the time moscow was fighting back against sanctions imposed by the u.s. and eu for the ukrainian crisis. german pilots are set for their eighth straight since april. they want to stop plans

so it is france and finland. interestingly enough, if you look at the other countries with a aaa-rating, we can go full screen with countries rated at aaa, canada, denmark, germany, l lexembourg, norway, singapore, sweden and switzerland. >>> a downgrade for france over the weekend. gautum, we are hearing it is not a france specific issue and a eurozone issue. is that fair? >> that is fair. the normal levels we are seeing does make debt sustainability a problem. the ecb is trying to make sure the total rates are low, the spreads are low and overall that the inflation outlook improves such that we can get high normal growth and that's the key to debt sustainability. >> i also want to bring up the finland downgrade because specifically they cited worsening demographics leading to stagnant growth for many years to come. interesting that they pointed to that as a reason. and does that mean that the next on the list could well be germany given their demographics are worse anything as well? >> i think demographics for

and that was frances perkins. frances perkins was the first woman ever to be a member of the president's cabinet. she was fdr secretary of labor and she never had beginning in 1910 when he showed up in albany as a very young and somewhat buried at legislator. here's a frances perkins had to say. franklin roosevelt was not a simple man. the man. that quality of simplicity which we delay to think marks the great noble was not his. he was the most complicated human beings i ever nail. and out of this complicated nature they are spraying much of the drive that brought achievement. they made it possible for him to have insight and imagination into the most varied economic, geographical, social and strategic circumstances thrust upon them as the responsibilities of his time. now as kevin said in his introduction, there have been literally thousands of books for it about a dr, more than any president like abraham lincoln. so why do we need another book? is a very fair question. well, as kevin pointed out, most of those b

i want to step back to 1744 p or when britain and spain go to with spain is allied france, so france's kind of supporting spain and the effort. it is largely a maritime war. britain is not anxious to get into a land war with france. but if we go back to 1740, there are some things going on in europe. one of which occurs in the spring of 1740. the new monarch sits on the prussian throne. there is frederick the great. his father passed away and pop -- in may of 1740. that fall, the emperor of the holy roman empire, charles vi, passes away. ii, so this is a great opportunity. he had his roots there and there was growing power. he saw the crisis in austria as something of an opportunity. daughter, maria teresa, succeeded him. during his lifetime, he tried to get a bunch of stuff lined up. there was the idea that, well, can we have a woman in the throne? in some places, the rules of hierarchy in terms of secession, that is not possible. in other places like in england, it is be but it was contested. so they said it is fine. for theresa is fine throne. others said it is not ok. part of her g

france, like the rest of europe, was now changing fast. a rapid rise in population the spreadf industry and the emergence of an urban proletariat helped bring about the growth of new social structures and with them, political conflicts. the printing press now enabled millions to receive new ideas in a time of growing turmoil. it was in a newspaper that gericault read the horrifying account of the tragedy of the medusa. in the summer of 1816, the french frigate the medusa carrying soldiers and passengers was wrecked off the african coast. the captain, of noble birth and a political appointment, was proved incompetent. of the 115 men and women who tried to save themselves on a makeshift raft, only 15 survived. 13 days on a floating coffin. human beings reduced to a state of animal despair. a poignant human drama of corpses and victims who suffered atrociously but for no noble cause. above, on the apex of the human pyramid men and women gesturing frantically. this painting came to be regarded as a political allegory of a deeper sort. the fren

in france, it is 10%. growth has stalled in france. it is easier to create a business here. the rivalry between france and britain isn't about to end neither are the strong cultural political, defense, and cultural links, and numerous commercial changes -- exchanges. >> thank you for that. now to hong kong, where civil servants are back behind their desks, children have gone back to school, and traffic is rolling back onto the street. the city had been paralyzed for more than a week as tens of thousands of demonstrators camped out in various districts to call for completely free elections in 2017. hong kong's current leader demanded the protests leave the streets and warned that he would take "all necessary actions to restore social order." but a few hundred demonstrators are still determined to fight. >> arriving for work as protesters look on. the pro-democracy movement, occupy, heated the ultimatum issued -- heeded the ultimatum issued to remain barriers blocking roads. organizers say they are taking a break to regroup. >> we have occupied [indiscernible] this kind of pre

in france and not brussels. do thebig question -- germans or dutch have to give the french anything? >> here is where they give is. spending too much according to regulation. you top up the european investment bank. here is what the luxembourg and finance ministers said last i think there was a large consensus we need more investment in the european union and those countries that have a good fiscal situation should do more in terms of public investment on top of private investment and that the new plan of the commission is expected to be hundredted. billion debt free hundred billion will be a good stimulus to growth. be a goodlion will stimulus to growth. >> those are long investment projects. you don't necessarily have shovel-ready project. .his isn't immediate stimulus it's not going to do a whole lot. >> it never stops. the story continues. it's the same one every time. we have laid out fiscal problems in europe. we know the constraints to monetary policy. let's talk investing in europe. going tod the euro is

you talked about that girl from france, from the south of france. i don't know all the details of how she became the person she became, and how she decided overnight that she wanted to first take a train and then board a plane into syria, but if you think about the situation of muslims in france, and the conversation and the debate about islam in france, obviously there are reasons out there for people to then--i'm not saying that this justified i what isis was doing, but it contributes to the radicalization and make people realize maybe there is another world somewhere. maybe we have to make the migration. maybe this world of hasn'tcy is a better word that way. >> we'll be right back after a short break. when we come back we'll take a look at the fighters finding their way to syria taking up arms under the black banner of the united states. there is no pension or college tuition or lifetime medical care. what clinches the deal for men and some women willing to put their lives on the line? stay with us. >> you're watching "inside story" on al jazeer

check out air france. that stock is rated lower by 3.3%.there will be a 500 million euro hit to this year's earnings after the pilot strike. stay with us. we are back in two. >> it is impossible. you cannot reform a country if you are not able to face obstacles -- strikes or conflicts, but i think italy desperately needs reform. these reforms are tough. not be liked by everybody. the government has got to go on. >> that was the employers lobby commenting on the challenge faced. they are not likely to see eye to eye when it comes to labor market reform. chancellor merkel will probably call for less. two-putted together is the bureau chief. the renminbiout led market reform. he seems to backtrack. i keep hearing the word reform, but every time it is used it seems to mean less and less. >> they will be voting in the controversialless aspects of his plan, such as providing incentives. delaygoing to temporarily showdown votes on more controversial assets, such as making it easier to fire workers , lessening the chance they would be able to conte

air france has spoken to that. lufthansa sounds pretty confident still, but if you are a passenger, you must be getting tired of it. unlike air france, this is about pensions and benefits going forward. this is about the retirement benefits. what the airline wants to do is push the retirement age up cap p.te-onset >> these guys retire at 55. earn. of what they a very large amount of money. this is about making themselves competitive. hugeng ahead, making advances in france. ryanair is pushing across europe. both of those arab lines have ordered a lot -- both of those airlines have ordered a lot of planes. on the long-haul, you have the middle eastern carriers. they are facing pressure on both sides. >> thank you very much. another difficult day for european travelers. >> france's richest man has been talking to bloomberg. we caught up with them. -- him. the first private museum to open the french capital in the last three decades. >> to sell the products, to do a good progression of cash flow. here.e something >> s

france, you will see it falling to 47.3. contraction in france. we are expecting manufacturing to contract in germany as well. we are expecting the eurozone to see the first contraction in manufacturing for more than a year. in the united states, it is all rosy. plenty of growth in u.s. manufacturing. let's have a look at how the fx markets are doing. the new zealand dollar is trading lower, falling the most in three weeks. inflation at the bottom end of their target range. on the up, it is the dollar. pimco and big investing groups are saying it is a no-brainer, by the dollar. they say everyone is going to be buying u.s. treasuries. if you are an international investor, the only security is the u.s. treasury. they are getting out of italy, getting out of spain, getting out of germany. that is why pimco says it is a no-brainer to buy the dollar. the germans, spaniards are putting their money into u.s. treasuries. we will be looking at all the stocks of little bit later. caroline, i am going to bring you the details of that french data this morning

it was a hunting sword that was probably -- it was certainly produced in france. this green color on the handle is actually dyed ivory. this is 18th century, circa 1770. this would have been one of the swords that had a recreational component in its original intent in france. these were coveted items and showed your status by using it. perhaps actually fighting with it, we don't know. certainly, it would have been a mark of status and pride and one of the only examples of late 18th century 34-inch-long hunting sword from paris, france. i think we are very fortunate here at the neville public museum here in brown county to have pieces of american history that resound across generations. what you are seeing is elements that we are focusing on a specific timeperiod of contact. native american and european populations are coming going. the material culture, the artifacts, the paintings, all illustrate the points of crossroads on a highway that has brought people to this landscape for millennia. it just happens to be a very interesting snapshot in time of when cultures

berlin continues to insist on austerity for france. >> france doesn't have to demand anything from germany, just as germany cannot demand anything from france. everyone does what is best for their own country, and that benefits everyone. >> both economy ministers will meet again in december, but start differences remain. france wants germany to shell out more public funds him a wall berlin wants to persuade private companies to do lots more to stimulate growth. quick staying in europe, more chaos for travelers here in europe this week. pilots on short-haul routes went on strike and flights will start appearing as canceled on the departure boards on tuesday. the strike action is impacting lufthansa flights to and from all airports in germany. the central issue is the retirement age for pilots. the strikes come on the heels of weeks of strikes by the staff at air france. >> onto monday's market action, european shares started the week on a negative note, picking up where they left off last week. investors found little to cheer about here in the eurozone. our correspondent sent this update fr

>> from france, yes. >> what city, do you know?m curious about this whole episode about the settlement of new bordeaux. ♪ ♪ ♪ >> the paraguay river, still as it was 150 years ago, the country's main artery, a thoroughfare for transporting people and goods. ♪ ♪ >> so who lives out there? >> all the people we see fishing out on the river banks, are they fishing for dinner? >> most of them are fishing for dinner. call them poor people, but what is poor? they decide for themselves to live here. they could go to asuncion and start working on a construction place tomorrow. >> he has organized a trip upriver to see new bordeaux, what was hoped to be a new france in the chaco. >> fish we bought today, 14 kilo. >> right. >> that's half a month's salary, and you get with bit of good luck in one night. >> right. ♪ >> outside of the cities, paraguay is sparsely populated. indigenous groups, a few settled europeans, mennonites, germans, and every so often, a fishing lure and shotgun salesman. what are the shotguns for? bandits? varmints? >> to

air france is a story of strikes. a 14 day strike that happened in september, that cost 330 million euros of operating profit for the group in the third quarter. year, the airline is expecting that the strike will cost 500 million euros. they are going to accelerate cost catching and put in place a new plan. ,arlier this month, the ceo hasac, has said the strike cost one year of their restructuring plan. with klm, the group is a expected to have positive earnings. into account take klm, air france will be losing money for the sixth consecutive year. >> walk me through the events that face air france. what happens in the next quarter ? what is the ongoing story? >> the main concern is how will bookings be affected for the fourth quarter. whether the strike has affected the bookings and also psychologically the customers of air france-klm. the second fear is also the impact of the sluggish economy in europe. you have fears about the ebola outbreak. the cfl is saying the ebola outbreak is not having a significant impact.

more specifically, on france.wis, slightly joking, saying over the last few days that france is finished economically. accor, what is your perspective on this? >> i think it is dead wrong. economy, the second largest economy in europe, still is. it has its own complexity. it is a very viable industry and has capacity to rebound. it is going to take another few years. for me, france is the world's in terms ofination international arrivals, the u.s. being second. the market share we have in france is very substantial. we are a leader. i am looking forward to increase my market share in france. the footprint is extraordinary. the only market lagging in terms of growth for the past 12 months has been france. unfortunately, likely to remain the case over the next 18 to 24 months. that said, we are in 93 countries. nt, u.k. market is buoya doing well. as are many markets in the middle east and america. we are exposed to france as a matter of 35%, but the other markets are giving me the fuel i need to meet my objectives.

britain and france were at war. britain created a policy that if you were an american merchant ship and he wanted to go to europe and trade you have to first get a license from great britain. france led by napoleon turns around and makes the same policy. if you want to trade in europe you have to first go to a french port and get a french license. you can legitimately have a license from france into license from england's first. this was creating havoc for our really -- merchant ships. there was a lot of british wri writ -- ships with fake american papers. he was just chaotic and that's an economic problem we were facing as a country. after the british attacked the chesapeake in 1807 president jefferson took his time to find out what he wanted to do. he didn't want to go to war with england to what he decided to do was to us send the senate and embargo and asked them to cut off trade with england. what does senator john quincy adams of massachusetts to do? 's father ran against thomas jefferson and lost and he also

because france is a big member.n threat is borrowing money on financial markets and if the rate of france is lower in the future, this will be terrible for france. >> reporter: for small business owners like this man, public ratings and public debts are far-away concerns. but it seems that he will have to wait a little bit longer. >>> some breaking news from iraq now. we're getting reports that at least 20 people have been killed in two car bombs in the capitol bagdad. imran khan joins us via skype from bagdad. >> i can tell you this happened in the last 15 minutes in the south of the city. the first bomb was a roadside device. it went off in a very busy marketplace, and then a parked car bomb went off almost immediately afterwards. we're hearing at least 20 people were killed and 15 more injured. it is a very busy marketplace. and that accounts for the high levels of deaths and injuries. bagdad has been on lockdown for a number of months now, but these car bombs keep coming through. on thursday night we had another

at this time, this is one british controlled regions, new france had fallen.technique is very much indicative of menominee cross-motion, women seamstresses that were working on this costume right around the turn of the 19th century. these are the leggings. these would have been lower knee and down. with this wonderful geometric pattern, as well as these seed beads that exist around the edge, indicative of early types of trade items. those were the primary commodities that came, along with bolts of fabric, before then turning it into costumes and different styles of a particular american indian tradition or in this case, the blending of a french american indian tradition. we are looking at a shadow of one of the most famous people in wisconsin history. this is a coat that is from the british indian agency, searching by thea 1770, worn father of wisconsin. he comes to wisconsin in about 1745, at the age of 16. his father is in the first trading business. he comes as a border, and establishes one of the first residential families of european descent in wisconsin.

>> from france, yes. >> what city? do you know?> my great, great, grandfather was from near bourdeax. so i'm curious about this settlement. >> the paraguay river still as it was 150 years ago the country's main artery. a thoroughfare for transporting people and goods. >> who lives out there? >> of all the people we see fishing on the river banks. >> are they fishing for dinner? >> most of them are fishing for dinner. they decide by themselves to live here. they could go and start working on a construction place tomorrow. >> peter organized a trip up river to see new bourdeaux. what was hoped would be a new france. >> the fish today 14 kilo that's half a month's salary and you get with a bit of good luck in one night. >> right. >> outside of the cities paraguay is sparsely populated. indigenous groups, a few settled europeans, mennonites, germans and a fishing lure and shotgun salesman. >> what are the shotguns for? >> bandits? varmentes? >> to hunt deer and water pig. >> that's a peacemaker. >> any rogue nazis we can shoot now? >>

and france's new budget under fire.conomic watchdogs say it is being too optimistic about the french economy. more on that on business at 15 past the hour. but first, tens of thousands of people are continuing protests in hong kong. today marks the 65th anniversary of the people's republic of china but despite fears that the national holiday might prompt police to use force on the demonstrators. things are still tense, but calm. large sections of the asian financial hub were brought to a standstill. people are angry of a -- over a decision by beijing to vet all candidates for leadership in 2017. >> a clear message from hong kong protesters of the chinese flag flies overhead on china's national day. >> we have been here for hours and we are trying to express our views and tell the government we need real democracy. >> as dozens of demonstrators heckled from behind police lines, a handful managed to get past the barriers to the flag raising ceremony. the chief executive is here from beijing, honoring china's past on this

britain and france were up more. so britain create a policy that if you were an american merchant ship and you want to go and trade coming out to first get a license from great britain. france led by phenol and turns around and makes the same policy. if you're an american merchant ship and you want to trade in europe, you have to first go to a french port and get a french license. you couldn't possibly legitimately have a license from france and a license from england's first. so this has created havoc for our merchant ships. there's a lot of forgery going on, a lot of british ships the state's american papers and american ships. it was just chaotic and that's the economic problem we were facing as a country. so after the british attacks the uss chesapeake in 1807, president thomas jefferson took assigned to figure out what he wanted to do. he did not want to go to work in stimulant. what he decided to do with the sent the senate and embargo and asked them to cut off trade with england, just cut all of it off. well,

we have pmi figures from france and germany. france was a disappointment. overall the figure is 50.7 for manufacturing. , but in expansionary mode watch out for france. that is what investors are worried about. let's see if the euro is reacting to any of this. >> it has been going around a little bit. the french number knocked it lower, the german number knocked its higher. we have maintained that updraft. nevertheless, there have been some fears surrounding the german economy. this may settle a few nerves. it may strengthen the view out of the abundance bank that maybe we don't need qe. aggressiven't need monetary policy stands in the eurozone. let's break this all down. hans nichols joins us now. of two cities here. berlin and paris. the good news about that is that last month, they dovetailed. they came together. last month, you had negative views out of both economies. now we are back to where we were four or five months ago where germany looked so strong. this is before we got the negative gdp reading. you raise a good point about what is going to happ

and now you have the credit cut for france.t's just underlines the fact that we're going to have to live with a strong dollar because the euro is going to need a very weak euro fx for sometime. >> kelly? >> go ahead. >> i want to read you some more from the statement i'm just going through here. but they believe -- they talk about france making some of these structural changes. we believe that implementation risks persist. a lack of a strong track record in structural policy, possibility of vocal opposition to many of the planned measures. high unemployment with respect to 10% and according to opinion polls an unpopular political leadership. so again, this is similar in a sense of the united states where the downgrade we had was because of the political dynamic. a big part of the net change to negative is also because of s&p's lack of belief in the political dynamic and france coming to structural reforms. >> and worse in italy where renzi is vocal about the difficulties of getting reform. he has to reform the political system,

the two-week strike, the longest in air france history, sent shares plummeting. they've gone down more than 20% since mid-september. at stake more than the company's reputation. they can already been struggling, reporting a loss of over 600 million euros in the first half of the year. air france sought the development -- thought the expansion of its low-budget carrier essential, a planet had to disk -- discontinue. >> let's take a look at what the european markets are doing at this point in the trading day. it is a negative trend across the markets. they had hit a one and a half month low earlier over fears about global wrote. the frankfurt dax saw the biggest percentage falls. >> we've had new warnings today about the state of the euro zone economy. >> the oecd says growth will remain slow for the rest of the year, dashing hopes of a stronger recovery in 18 countries that use the euro. it singled out germany and italy for we go broke -- for weaker growth. let's move on with a quick look at some of today's country news. the country has been given the green light

france showing no signs of letting up. france's budget deficit is a matter for the french parliament. no give from the french side. guys? >> are the germans or dutch prepared to give france anything? >> here is the movement overnight and there was a lot more talk about topping off the european investment bank, an infrastructure bank getting close to $300 billion. listen to what the luxembourg finance minister said. >> i think there was a large consensus that we need more investment in the european union. good countries that have fiscal situations should do more in terms of public investment on top of fostering private investments. commissionn of the which is expected to be implemented soon will be a very good stimulus to growth. problem with the european investment bank -- those funds would not be available until later this year. you have to wait a little longer. the question on all of this is france too generous? mark? >> thanks. hans, our international correspondent in berlin. deals from the top media companies -- the ga

the intervention of france had managed to push them back. we have set up wider positioning since august. it's operation bachan. around five african countries, it allows us to contain and prevent terrorist attempts. i would like to thank the united states of america for their support in our action in this area, both as you said thanks to the exchange of intelligence, financial support and a sharing of different capacities. and we agree that this cooperation is going to go on. i told chuck hagel how worried france is about the situation in libya. jihadist groups are getting better in zones that are not organized, and they pursue all kinds of illicit illegal things it. we hope they will -- this deployment stops, because it favors recruitment and the development of terrorism in this zone. i told chuck hagel that my concern and concern of france is the risk of a connection of a networking between all these different terrorist groups that are acting all over the area from nigeria to the middle east. and we have to prevent all these risks of networ

germany and france has the growth. the euro zone.sre do you think the worry focused at the moment? >> i think the eurozone is at i cannotf the list and read the fed's mind. share the same would attitude. so morel do universally. i think the euro is front and center and we have a logjam of ideologies and strategies to combat the problem that seems to be stuck. >> a convergence and central-bank policy. the fed really has to wait for the eurozone to catch up. >> let's not forget that we are in the midst of an undeclared currency war, as well. to you in a second to talk about the eurozone and the bank of england. chairman after the break. >> welcome back. we are back with the chairman. the comment from the deputy governor of the bank of england said that slowing inflation justified keeping emergency stimulus for longer and he seems to be joining the camp that and become gloomier about the economic outlook. are you becoming more entrenched? looking like the only hawks looking to raise rates and we seem to have a steady as you go policy at

france does. canada doesn't. but they do as it relates to drugs, because they're on their own for drugs. what i want to talk about is drugs. because miss cheng, from taiwan, he said in his testimony that patients in taiwan can experience delays in drugs and technologies from two to five years, from adoption of the united states in that. and miss cheng, you touched on prescription drug prices in your testimony. almost all countries enjoy the benefits of america's medical research and development, but developed countries don't pay their fair share for the immense expense involved in the development of innovative life-saving therapies. these countries are free riders on the united states by enacting price controls on drugs. how about of the burden of life-saving drugs and devices come affect comparison between the united states and the countries we're discussing today? that's to you, miss cheng. >> thank you for this question. first of all, the -- yes, we -- the united states does fund a whole lot of r&d in pharmace

franc frances?he white house over this federal 21-day quarantine? are we going to see the white house follow in the footsteps of governor christie and governor cuomo here in new york and new jersey? >> reporter: it's a big question and too early to tell. press secretary josh earnest saying friday they're going to let science guide this debate, but clearly the moves that we're seeing by new york, new jersey, and illinois, will put increasing pressure on the administration to move in that direction, to tighten the restrictions that counter arguments show a mandatory 21-day quarantine in place for workers who have been overseas in the ebola zone is that it could disincentivize health care workers from going over to west africa to try to fight the disease there which is of course the nexus of the disease. the administration says the key to making sure that it doesn't spread here in the united states is to stomping it out in west africa, so if you put that 21-day mandatory quarantine in place, you could

in france you have the same thing. i don't think we as the average person in france or europe is willing, able to take the risk of actually changing. we defend on the state to transfer income. the market is under pressure, 51% of the population benefits from some transfers. >> but the employment rate so high in france and the economic conditions not improving, i looks like the french people are ready to take reforms. this is what we have seen in the opinion polls. >> let's hope so. and i think in every single country there is this point by which you have an inflation point where things change. when people start to realize that getting transferred from the state is not going to pay the bill for all of society. but it is reactionary for people not to want the change because they are benefiting from this. you have the lag of the liberian who doesn't want to work in a different job. this is a european problem. that's why it is so high. >> let me ask you about the euro/dollar and your view over the next six months. a lot of

and he's saying winning in france cometh of beatable thing when france wins. but behind him you can see the finance minister. what he's wearing there is the french equivalent of the dunces cap. and he's holding the budget, the 2015 budget. and next to him is francois hollande's ex-girlfriend and she's holding her bestseller, the tell-all book. correct it's easy to understand the result -- >> it's easy to understand the results of a new study by the pew research council. >> it says "huge depression" with a little frowny face. according to the study, france is the most pessimistic country in the world. only 23% of the people believe in the future. 86% of the people believe ' m the pure pleasure of it, sometimes has a transcendent power. what is called "sacred music" seems universally to be a form of prayer. so, settle back take a long deep breath as we join our host phil cousineau, on this musical soul-rendering episode of "global spirit," the first internal travel series. >> tonight, we are proud to pre

ultimately this cold war between france and britain ends in march of 1744 when france declares war on britain. 11 days later, britain responds in kind, and then we have a major war in europe. really, it is almost a world war. it is known as the war of austrian succession in european history. once again, there is an opportunity. not just for the english colonist, but for the french colonist. of course as you recall, in the treaty of utrecht, this was the opportunity for france to reclaim its lost territory of acadia. that is what the french governor of canada does, he launches an expedition to recapture the capital of it nova scotia, which is annapolis royal. the french have, and we talked about this in the last class, a master forest -- fortress here at louisbourg. there is a big fortress with almost 150 cannons, it took a number of years to build, so not only is it a great place to launch an expedition, it is also a great place to house your privateers. not only are the french interested in retaking acadia, they are interested in making some money. and a privateer is a pirate who has