and andrew lih, a writer on technology and media who has taught at hong kong university. he's a visiting professor at the university of southern california's annenberg school of communication and journalism. welcome to you both. >> thank you. >> ifill: jim fallows, after all this extended debate about whether or not google should allow itself to be censored in china, what forced their hands. >> i think i talked this afternoon with david drummond their chief legal officer who said even though the initial incident which provoked this was a hacking of some of their email accounts and other services that caused them to reconsider the whole bargain they made when they entered china four years ago. he argued that they ended up thinking that the premises on which they went in and they would help open up chinese exchange were not turning out. it was becoming more and more difficult to work. they weren't willing to be a part of the censorship system themselves anymore. >> ifill: explain to those of us, people who have trouble remembering why hong kong is different from the mainlan

they are rerouting all of their visitors in china through hong kong. some wonder whether the chinese authorities will simply block access in mainland china to google. you have to remember that google only makes 1% or 2% of its entire $24 billion of revenue from china. but the issue is that it is a huge potential market and google is having to weigh the value of keeping holding its assets and not allowing censorship and having free access to the internet with this potential money-making market. >> carolyn, i know that this is a long-running row over censorship. some suggest that the google has suffered over competition in china. >> it does have a great bit of competition from the likes of baidu, volleyball, and the number of other big names in china -- baidu, alibaba, and the number of other big names in china. but the chief legal officer has tried to paint this as unethical issue -- as an ethical issue google has employed 7000 people in china. on their block today, when they reported this new move, they were very careful to try to shield those employee

not just rerouting to hong kong business. so there is a belief that business can continue in research and in searches, just move the service over to hong kong. this is what i'm getting from the employees. we are expecting more news from google china after 5:00. it is now after 5:00, so do stick around for more developments. so basically, employees are on joining google in the act of defiance. there is now a search engine called bai-google-du. >> interesting. thank you for that, chang lay reporting live on the live from beijing. nicole. >> still much more to come on "worldwide exchange." nissan is reportedly in talks to join the alliance between daimler and renault. find out how shares are reacting in our global stock watch after the break. >>> ahead of the u.s. open, global equities are firmer in europe. these are doing fairly well. vt group is doing fairly well. ba rebounding up 3% as we continue to look at a second strike action this weekend. over in germany, slightly less are the gains. patricia is with us in london. >> ye

moving its search engine from the mainland to hong kong. today, the chinese fired back -- saying "we can block you there, too." so, at the moment, if i go to google's chinese site, i am automatically rerouted to their hong kong server. if i type in a random search, like "new york," i get a page of normal results. but if i try to type in politically sensitive terms like tiananmen massacre, i get absolutely nowhere. the great firewall in action. >> china has expended an extraordinary amount of energy and resources to block various portions of the internet. they have employed tens of thousands of internet police and a significant array of technologies. >> reporter: the stakes in this war are high. google's chinese search engine made an estimated $300 million last year. china is the largest internet market in the world, with close to 400 million internet users, and it's growing by 250,000 every day. today, google's chief rival microsoft said it will still abide by china's censorship rules. "we have done business in china for more than 20 years

within the council's export to hong kong and a hong kong export to china and then it gets sent tothe united states, where was that they made? by a company who shares trade on the new york stock exchange or if it's a blackberry phone and you have the same thing, it is sent to the united states for a company that's incorporated in canada who shares trade on the new york stock exchange. national trade statistics to a batch of of capturing those realities. they also a great job of capturing emotions. you can see this more as a system and i want to do kind of a brief thought experiment and talk very, very quickly partly for a fact. and the numbers i'm going to give aren't actual, that they are representative. the one of the only sources of growth from about 2003 to about 2008 by wall street investment banks saw other than creating mortgage-backed securities with the possibility of doing banking and loan and lending underwriting business in china because by the world trade organization china to allow these to come in. so in around 2003 morgan stanley seemed potential to do lots of under

it has gone beyond beijing, hitting hong kong and south korea.rit from chinese sand storms has traveled as far as the u.s. that recent record in perth australia is no longer a problem. people are worried about the aftermath of a major storm that pounded the city with golf size hailstorms. about 100,000 people have no power. more storms are forecast for that area. >>> new flood concerns today for parts of the northeast. especially new england. right, rob? >> they had a lot of rain last night into new york. one of the two storms that we are watching. the other is out west where the snow is going to pepper the colorado rockies and the front range. it will be a little bit dryer. it will be rather windy. here it is on the radar looking at decent rain here across eastern new england. some will be heavy at times. we could see maybe another 1-2 inches of rain. it was just a week ago where we had that incredible spring storm with the hurricane force winds and the rainfall amounts, 4-6 inches where jersey, rhode island, eastern parts of massachusetts and n

they noticed that if they typed in google.cn, they would end up at google.com.hk in hong kong and google saying it could not allow sensoring of results. and google's chief operation often ser david drummond saying it is sensible and entirely legal and will increase access to people to information in china, and we hope that the chinese government respects our decision, but we are well aware that it could at any time block access to our services. now, looking again at how the stock reacted an hour ago as it came out, and as you said, maria, it spiked and fell by the way and baidu did the opposite, plummet and came back up. google plans to keep a r&d team in china, but it will depend upon the access that chinese users have, and they have set up a special ad to see what happens if they are blocked on the hong kong site. and it has not been updated with the news, and we will have to see, maria, what the chinese government may block if anything. >> fascinating developments, jane. >>> we are once again with rudy giuliani, talking about the issues of the day and i want to turn to new york, mr. m

the search engine routed its search engines through hong kong to protest the strict censorship rules. if china shuts down google, it will cost the company more than $300 million per year in lost business. >>> the u.s. postal service is taking the first steps to cut saturday service. they ask the poster regulatory commission on five days of delivery. congress has the final say on whether it the saturday service could be dropped. this would save the service over $3 billion per year. >>> and obama declared a major disaster existed in the district after the storms. because of this, the herbs are eligible for federal funding. the funding will help replace facilities damaged by the storm and cover emergency work. >> remember that? >> just like yesterday. >> it was not that long ago. >> hopefully we are fished with that. the only knock on the weather today was the pollen count. it happens every spring. here is a look at what is happening around the area put the beautiful weather. warm temperatures. our average high is the upper 50's, we are in the 60's. sunset is about an hour away or so. en

we know about the discussion on the move to hong kong. tell me how you see this playing out in the end stage. >> we've been very clear also. we don't know how it will play out. we have moved our servers to hong kong. >> can you give me the best and worst case? >> sure. i think one of the better case scenarios is that people in china are able to access our uncensored search engine based in hong kong and have access to all the information that it provides. i think a bad case scenario would certainly be that that search engine is blocked outright and other services are as well. and that others rush in to fill the void with censored products that don't provide a lot of information to chinese users. and our hope is that over time it will be more of the former. >> all right. one final question. i'm going to call on senator lemieux. ms. jones, the decision go daddy has made, that's a very recent decision, i assume, announced today. tell me the judgment that went into that. is it related to google? tell me the jmtudgment. you've talked about the

he is creating a crisis between hong kong and china that is not good for hong kong and not good for google. he can stand up to the chinese in a far more effective way than he has. >> but what about sergei bren comes out and says, gosh, it got worse after the olympics and started to remind me of soviet russia and my family left soviet russia for a reason. >> well, over time, and go back to voice of america and tiananmen square, and the tee iran in last fall and winter made a huge difference. we are seeing it today, we can make a difference in countries like china. >> i know they went in there one more time saying, that we think that providing information at least some is good, but what if inadvertently, they enabled the chinese government to find dissidents because they hacked into the system and helped them to locate people? >> in the long term, you have to be willing to take some losses and casualties bluntly in order to succeed. >> wow. >> you have to be willing to take on that government, and be willing to make a difference. >> obviously, very tough stance. he says that dissidents have

hong kong could be targeted next. >>> and the united kingdom will expel an israeli diplomat over the in the assassination of a leader. they have asked the agency of the killing. >>> just moments ago, benjamin netanyahu said peace talks could be delayed for another year unless palestinians draft their demand that all settlements be frozen. despite obss, he has refused to bend on that issue. >> everyone knows that these neighborhoods will be part of israel in any peace settlement. and therefore, building in them in no way precludes the possibility of a two-state solution. >> former ambassador, martin indyk, is now director of foreign policy at brookings. we welcome you to talk about this very difficult time in israeli-u.s. relations. right now, netanyahu has refused to yield. he's getting support in meetings on the hill from nancy pelosi, boehner. but certainly not from hillary clinton. in her speech to the pro-israel group last night and you can expect that the meeting with the president will be tense at best. why is netanyahu being as tough as he is being and not giving a little bit

taking a look at overseas trading in tokyo the nikkei climbed 40 points while in hong kong the hang seng rose 20 points. >> industrial and tech stocks kept wall street slow but steady rally moving forward. with the dow and the s&p 500 hitting 18-month highs, caterpillar led the way thanks to two analysts. on the strength of its long-term potential. shares of caterpillar climbed 4%. the nasdaq and its semiconductor base got a boost. the chip maker shot up 14% after raising its quarterly outlook. >>> investors looked on the bright side of a smaller than expected slide in home seals. >>> meanwhile health-related stocks struggled to hold on to monday's gains as the president signed the health care reform bill into law. >>> the government's pay czar says five will taken out about 15% this year. it also includes a $500,000 cap on cash compensation. >>> later today bank of america will reportedly unveil a new plan to help cash-strapped homeowners. set to roll out in may the bank will give up to 30% of a mortgage loan's principle in hopes of preventing foreclosures. >>> in overseas trading ninte

in hong kong the hang seng tumbled 230 points. >>> well, continues housing woes and worries yesterday set the dow to the biggest drop in a month. portugal's downgrade already reported a tense topic that several european countries are struggling to recover from a global recession. euro leaders are going to meet today on what to do. meanwhile steady growth in mving failed to offset an unskplekted drop in home sales. tumbling crude oil prices fueled a 1% drop in shares in chevron. >>> caterpillar is predicting its bottom line will be hit hard by health care reform. the heavy equipment reform warns tax law changes will take a $100 million toll on its first fiscal quarter. >>> general mills' first quarter earning shot up 15% thanks to americans eating home at more. they reported strong sales of cheerios, hamburger helper and cookie dough. >>> starbucks is back in the black and offering shareholders a piece of the pie. the coffee giant announced it will pay out a 10 cent dividend adding up to as much as 40% of its total profits. >> honda's hybrid crz is taking japan by storm and taking in n

chinese users have been directed to their hong kong-based website where the searches are not censored. here is what happens when you try to find something centered, use -- censored, fire walls block the results. >> they have been ruined. a real pity. >> china make clamp down on their services even further. >> the former member of a nazi unit has been sentenced to life in prison for killing people -- three civilians in 1944. thousands of french workers are on a nationwide strike one day after president sarkozy shuffled his cabinet after their crushing defeat in regional elections. the stoppage, largely by public- sector workers, has been a response to their plans to reform the pension system. the labor party has punished ministers for influencing policy secretly, discussing a deal with what they thought was an american lobbying company, they were actually speaking to an undercover reporter. charged with kidnapping a financial advisor that they blame for making the music -- lose their money in bed u.s. investments, the charge is for abducting the buys are in june of last year. pete rose

taking a look at overseas trading tokyo tumbled 102 points, while in hong kong the hang seng shed 53 points. the dow lead it yet with the longest streak this year. the main catalyst was a drop in the february producer price index. prices at the wholesale level plunged by the largest amount in seven months. investors felt that further supports the feds' recent decision to hold interest rates for the foreseeable future. coal miner massey energy announced its acquisition of privately held cumberland resources. hartford financial services gain gained almost 5% after announcing a plan to repay the u.s. treasury. discover financial services also announced a repayment plan for government bailout funds, but its shares fell on the news. >>> elsewhere, arguing against a senate bill that would strip the federal reserve of its power to oversee certain banks and financial companies fed chairman ben bernanke says they need it in order to set interest rates and gauge the economy. >>> the environmental protection agency is developing stricter testing for products treating cats and dogs after they di

hong kong's hang seng is down sharply in late trading. the ftse is down in early trading. wall street starts the day with the dow at 10,741, after picking up 117 points. the nasdaq opens at 2374 after gaining almost 7 points last week. >>> well, at least of three groups of toyota investor have found class action suits. the group said toyota flew about the accelerator problems for a decade. toyota already faces a barrage of lawsuits over the problems. the company isn't commenting on the class action suits. >>> british airways says a three-day strike by cabin crews is having less of an impact than expected. however, many u.s.-bound passengers wound up stranded in london's heathrow airport. the cabin crew is striking over a pay freeze and could walk out next weekend. >>> chevron is taking a step over jean energy. the oil giant will announce it will set up an eight-acre test facility near bakersfield, california. the company hopes to cut its own energy costs. >>> it was another wonderful weekend for "alice in wonderland." it took in $34.5 mil

we know about the discussion on the move to hong kong. tell me how you see this playing out in the end stage. >> we've been very clear also. we don't know how it will play out. we have moved our servers to hong kong. >> can you give me the best and worst case? >> sure. i think one of the better case scenarios is that people in china are able to access our uncensored search engine based in hong kong and have access to all the information that it provides. i think a bad case scenario would certainly be that that search engine is blocked outright and other services are as well. and that others rush in to fill the void with censored products that don't provide a lot of information to chinese users. and our hope is that over time it will be more of the former. >> all right. one final question. i'm going to call on senator lemieux. ms. jones, the decision go daddy has made, that's a very recent decision, i assume, announced today. tell me the judgment that went into that. is it related to google? tell me the jmtudgment. you've talked about the

and google announced its search engine for china will move off the mainland, to hong kong. the company is trying to get around official censorship. the newshour is always online. hari sreenivasan, in our newsroom, previews what's there. hari? >> sreenivasan: many viewers have written to us asking what health care reform will mean for them, so we've compiled a chart with more details on the bill and a reader's guide to the best reporting and essays we could find. plus we asked three historians-- newshour regulars richard norton smith and ellen fitzpatrick and robert dallek of stanford university-- to assess the significance of the debate and the vote. and on the rundown, four employees of a large mining company in shanghai pled guilty to bribery. we talk to global post reporter jean yung for background on the case, and how it is playing out in china's blogosphere. all that and more is on our web site, newshour.pbs.org. jeff? >> brown: and that's the newshour for tonight. i'm jeffrey brown. >> woodruff: and i'm judy woodruff. we'll see you online, and again here tomorrow even

said it will not tolerate censorship by chinese authorities and is sending people to its unfiltered hong kong website. >>> it's sometimes the gift that stops giving. but now federal regulators are issuing new rules about gift cards. they will soon have to be valid for at least five years and there can be no penalty fee. >>> now back to maria with the rest of the program. >> thanks so much. >>> here in london concerns are similar to those in the u.s. fragile recovery in place. worries about jobs, the budget. and of course the slow environment. but how are the markets doing here and should some part of your portfolio be invested in europe? we have a look at that with ubs chief european equity strategist and chief economist. good to have you here. thanks for joining us. jared, how would you characterize the global recovery? >> a global recovery is very weak. it's much stronger in the east. in the west, in the states. and in europe it's very, very weak indeed. basically the u.s. economy is in difficulty but the europe economy is worst. in europe it's time to think as bad as things are in the stat

hong kong's hang seng is slightly higher. in london, the ftse opened higher. on wall street, the dow climbed almost 103 points. the nasdaq was up nearly 20. >>> the federal reserve has issued new rules on gift cards, make it less like lie they will go to waste sitting in a drawer. customers must have five years to use them before they expire. and limited activity fees should be used under certain conditions. the rules take effect in late august. >>> it may be a good time to snap up airline tickets for your summer vacation. jet blue, frontier and air tran have issued sales on their routes. it pays to be flexible. some of the best prices are for midweek travel. and you have to act fast. jetblue's sale ends today, air tran's ends tomorrow, and fon tier's ends on friday. >>> the ivo will be available this summer. it's a touch-screen phone that runs on google's mobile software. and it features two cameras. >> they say the 4g thing can download stuff ten-times faster than the previous version. people will be in a hurry to get that. >>> next on this wednesday morning

hong kong's hang seng is lower. in london, the ftse opened higher. on wall street, the dow fell 52 points yesterday. the nasdaq dropped 16. >>> well, if 3d movies make you nauseous, wait until you see the new prices. theater chains are hiking ticket prices beginning friday, with the biggest increase for 3d and i-max movies. the chains think they can capitalize on demands for these movies. >>> in our weekly "new york times" tech remove, a look at the ipad as an e-reader the device goes on sale a week from saturday. and it could shake up the electronic book market. "the times" nick bilton says it offers choice. >> you can buy books. this device. when you purchased the kindle, you purchased books from the kindle store. that was it. with the ipad, you'll have an opportunity to purchase from the ibook store or the kindle store or any other number of stores available. >> you can read more about this on "the new york times" website. >>> the new york mint is looking to repeat the success it had with the quarters. the first coin featuring hot springs national

this, of course, comes as google moves its chinese-based operation to hong kong.oogle has been involved in a long running dispute with the chinese government and goldman sachs says the move will indeed cost it some business. only 1.5% of the revenue now, but with hundreds of millions of internet subscribers, the growth potential is rather significant. >> yep. now let's get back to the hearing. representative maxine waters, from california, is asking some questions. >> -- system did work remarkably well over a period of many, many decades. it was in many ways the envy wa of the world. things started to change in the late '90s and in the last decade you saw a dramatic risk on their balance sheets and a substantial erosion and underwriting more broadly and as we know now those mistakes caused a huge amount of damage. but i agree with you it's important as we think about the future to make sure we retain what was good in this system. i don't think, though, tenable to try to re-create the system as it exists today in the future. i think we're going to do things. we're

hong kong's hang seng is lower. in london, the ftse opened lower. on wall street, the dow starts the day at its highest level of the year, after climbing 47 points yesterday. the nasdaq added 11 points. >>> federal reserve chairman ben bernanke was on capitol hill yesterday, defending the fed's turf. bernanke warned lawmakers that a proposal limiting the fed's oversight powers is a bad idea. >> we are quite concerned by proposals to make the fed a regulator only of the biggest banks. it makes us essentially the too big to fail regulator. we don't want that responsibility. >> bernanke argues that the central bank needs to be connected to both wall street and main street to get a complete picture of the economy. >>> kraft is the latest company to give in to pressure to make foods healthier. the nation's biggest foodmaker says it is cutting the salt in its products by an average of 10% over the next two years. that affects more than 1,000 products including oscar mayer and velveeta. >>> general motors lost about $88 billion from 2004 until it entered b

some 384 million users and move it offshore to hong kong.ame when google announced it stopped censoring its search services which automatically meant the chinese government would ban it from operating inside the country. the dispute began in january when google said hackers in china were spying on the e-mail accounts of human rights activists and threatened to suspend the government-ordered censorship. beijing insisted the censorship, including references to the tiananmen massacre and tibet protests had to stay and accused google as politicizing the issue. but even the government has been surprised at the backlash from its own citizens. "i am a chinese" said blogger michael jao, "but i'm also a google man." he says he spends 16 hours a day working online as a journalist discovered the power of internet freedom during a year's study in harvard. "without google, i cannot live a modern life" he says. the chinese government has been increasing attacks on internet freedom since last year. sites like twitter, facebook, and youtube are blocked whil

yesterday google shifted users to hong kong to avoid censorship rules. this morning china already started blocking sensitive topics on the search engine. >>> the british government says it will expel an israelily agent this morning. this video from a hotel in dubai captured the alleged assassins in january believed to be members of the spy agency.suspects used the identities of british nationals. at least 15 shared names with israeli citizens. >>> also this morning, two men are under arrest in a baffling cold case more than 30 years old. the murder of five teenaged boys from new jersey. the into two suspects were arrested last night charged with the murders. the star ledger reports one is a local carpenter who had been repeatedly interviewed. the boys ages 16 and 17 were last seen in newark on august 20th, 1978. there has been no trace of the boys since then. >>> want to show you some extreme weather in australia. check it out. heavy rain and strong winds caused flooding and severe damage to trees and homes in the ste of perth yesterday. more than 150,00

monday it announced china search engine would redirect queries to search in hong dong -- hong kong. china said it is honoring commitments it made when it ended the market four years ago. irs may be beneficiary of reform law. terror suspect . >> bret: we have new information about the likelihood that the obama administration may reverse itself on trying terror suspects in civilian courts. katherine herridge is here with that story and an explanation about why the attorney general did not show up on capitol hill today. >> reporter: congressional sources tell us eric holder's testimony before the senate judiciary committee was postponed because there was no desire to detract from the victor lap for health care and if the testimony went ahead the attorney general would be forced to defend his decision to the 9/11 case to federal court when the administration may be on the cusp of reversing. holder's testimony was bumped to mid april his staff did submit his written response to questions from the commit it. series of answers suggest the commissions act has more safeguards than the writte

that sounds like a villain on hong kong fooey. remember that?tters wp tattooed on her legs which they say stands for white power. and today, pictures of her refrigerator were released. no kidding. that's her son in front of the refrigerator. you can see she spelled "gopowe magnets. so that's weird. [ laughter ] you know, people have scandalous breakups all the time in hollywood, but people seem to be upset about this one, because sandra bullock seems like the ideal person. here tonight to debate this situation, adolin and peggy rose, head-to-head in tonight's edition of "hot buttons." >> welcome to "hot buttons." i and her talk about hot button issues. today's topic is sandra bullock, her husband, and the skank nazi whore. who would cheat on sandra bullock? >> in my opinion, if sandra bullock couldn't take care of her man, then she deserves what she got. >> with a nazi? >> in this countryit's allowed to be a nazi. >> i understand we're in america, baucom on, now. >> maybe you're not [ bleep ] your man right and that's why you're so defensive. >>

the travel write up on hong kong. you can get there for a son. actually it costs did is 1 thorks 500 -- $1,500 on air fare, but that's not a good rhyme. i'm a talk paper. >> you are a talking paper. leave it to joe to know how to crow. president obama signed a historic healthcare reform bill into law, but as usual it is vice president joe biden who has the quote of the day. listen closely, listen closelier why. >> the president of the united states, barack obama. >> you probably didn't hear anything because we had to drop it out. let's try it with sub titles. >> ladies and gentlemen, the president of the united states of america, barack obama. [applause] >> that's better. >> he said it is a big f-ing deal or maybe my hair isn't real. he is truly the greatest biden ever. now that this legislation is the law of the land, what's next what is nexers. a bufn of states are preparing to sue the government over the requirement that every american must buy health insurance. and a new rasmusson poll show 49% of americans like the idea. that's almost half,

now, china is still censoring the traffic between china and hong kong and this is the first time really we've seen a huge american company sort of say no to china, right? >> look, here's how the clash is set up. you're right, it's good internet freedom, that's one issue, and by the way, a chinese newspaper is saying this morning that google is a nest of spies for u.s. intelligence. martha: shocking, right? >> that's tough talk indeed. that's very defiant. there's another issue, and that is america says look, you, the chinese, you are manipulating your currency, keeping the value down just to get a trade advantage over america. well, there are hearings on that right now in washington, d.c., so thato. senator schumer is urging pushing a bill that would punish china if they don't stop manipulating their currency in response, the chinese are flat out de flient, they've got a top official in washington, he's saying quit the bullying, lay off. that's the clash. and at the heart of it, martha, you're quite right, is the money. we, america, need to borrow trillions of dollars. china has

he's creating a crisis between hong kong and china, that's not necessarily good for hong kong. and it's not necessarily good for google. he can stand up to the chinese in a far more effective wan than i think he has. >> how about when they say, gosh, it got worse after the olympics. it started to remind me of soviet russia. my family left soviet russia for a reason. >> over time, go back to voice of america in the cold war, fax machines in tiananmen square, we've seen technology overcome dictatorship. the tweeting in tehran last fall, last winter, made a huge difference. we're seeing that today. we can make a difference. even in countries like china. >> i know they went in there saying, okay, we think by providing information at least some, it's good. but what if inadvertently they enable the chinese government to find dissidents because they hacked into their system and helped locate people. >> in the long term you've got to be willing to take some losses, some casualties bluntly in order to succeed. >> wow. >> you've got to be willing to take on that government and be willing

instead, redirecting users to a search engine in hong kong. the move comes just two months after the search giant threatened to leave the country entirely over a dispute about hacker attacks. google's decision ends a nearly four-year effort to help bring more information to chinese citizens and loosen the government's controls on the internet. uh-huh. okay. don't just -- yeah, okay. >>> coming up next, an exclusive first look -- i just could tell there was a snide remark coming out of barnicle's mouth and i didn't want to hear it. the politico playbook is snex including the republicans' strategy for the midterms and the tough choices facing vulnerable democrats in the near future. >>> and the wrong door. the awkward moment that interrupted president obama's speech. you know, that happened to joe and i when we went to the white house. that was very embarrassing. >>> but first, here's bill karins with a check on the forecast. bill. >> good morning, everyone. heavy rain last night moved up the mid-atlantic into the northeast. it's ended for our m

we know about the discussion to move to hong kong. how will this play out in the end?o not know. we have moved our servers to hong kong. >> could you give me the best and worst case scenarios? >> the best is that people in china are able to access our uncensored search engines and have all the information that it provides. a bad scenario would be that they are blocked out right and that other services are as well. others may rush in to fill in the void with censored products that did not fill in a lot of the information. our hope is that there will be more of the former. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> tomorrow, a discussion about the health care bill. howard dean will then discuss his views on the health care bill. we will also talk about the future of the tea party. "washington journal" is live at 7:00 a.m. eastern on c-span. >> this week and, on c-span2's "booktv" -- the beginning of the 20th -- the end of the 20th- century and the beginning of the 21st century. throughout the weeken

monday, google effectively shut down its chinese search engine and redirected users to its service in hong kong google is not legally required to censor the results. some governments in the arab world are trying a new approach to terrorism. libya is the latest to employ what the son of its leader calls forgiveness and honesty. correspondent amy kellogg reports there are also changes in the country's relationship with the u.s. >> tripoli just released 214 supposedly reformed extremists as part of a new reconciliation program it believes will be effective in combating terrorism. this as lib i can't understand at united states continue their process of reconciliation. it has not been without setbacks, such as the release of the man convicted much the bombing of panam 103. scottish court freed him on compassionate grounds after doctor said he had three months to live. he is still alive seven months later. >> -- shouldn't be angry because this man is innocent. i believe he is innocent. second, it was not a libyan decision to release him. >> the new u.s. ambassador to libya acknowledges the anger his

hong kong came in right behind the u.s. and uk financial capitals. tokyo followed in quick succession. rounding out the asian cities in the top ten, shenzhen. ever heard of shenzhen? it's a still of more than 10 million people in the southeast of china. you ought to get familiar with it. it has its own stock exchange, ranks first out of all the global financial centers for its reputation. in fact, 6 of the top 10 city force reputation are in asia. and new york and london are towards the end of that grouping. understandably so after all the blame heaped on them for the current financial crisis. incredibly, when this study was first conducted just three years ago, shenzhen wasn't even one of the 46 cities on the list. that's how fast some places are moving up to challenge the dominance of western cities. now, of course, shenzhen is a major player. we will all need to learn more about city like it in 291st century. so book your ticket to shenzhen right away. we'll be right back. >>> now for week. here's what i want to know. is the current dust-up in u.s

since then, chinese authorities blocked access to that uncensored site in hong kong. the chinese mia are accusing dpoogle after violating written promises. >>> the white house is not saying a whole lot about talks with president obama and benjamin net i can't hiewsm the -- netanyahu. the leaders met twice yesterday. >>> it has been a d.c. institution since 1958 and now ben's chili bowl is about to go high tech with something new for customers. >>> if you would like to order up a sunnier forecast, that is on the way. tony has a look at the forecast and julie will tell us about the traffic. and as a progressive customer, you get to use any of our concierge claim centers. so i can just drop off my car and you'll take care of everything? yep, even the rental. what if i'm stuck at the office? if you can't come to us, we'll come to you in one of our immediate response vehicles! what if mother won't let me drive? then you probably wouldn't have had an accident in the first place. and we're walkin'! and we're walkin'... making it all a bit easier -- now that's progressive! ca

google has rerouted its search site through hong kong, to avoid beijing censors. the chinese government could not choose to block access to the hong kong site, as well. >>> the liberal community activist group, a.c.o.r.n., is shutting down, following months of falling revenues. they lost fedral funding after an undercover videos showed the group giving tax tips to activists posing as a pimp and a prostitute. >>> income tax refunds are up this year. and the irs says the stimulus bill is a major reason why. the tax refund now tops $3,000. that's up $266 from last year. >>> and finally, foiled by an eagle-eyed security guard. this incredible surveillance video out of russia, captures a man trying to set fire to an internet cafe. the guard jumps into action and nearly strangles the man. until his accomplice steps in. later, the guard manages to put out the flames. the suspect says they were hired by the owner of a competing internet site. that's the news at 7:15. >> two against one, that's not fair. >> that's double-teaming. >> not when there's lighter fluid in there.

look at this spot from hong kong. [ moaning ] [ speaking in foreign language ] >> that sounds more likeoks more like a nightmare than something fun. so, listen, so the message, then, seems to be, i don't know. use of energy -- use less energy i should say but i understand your focus is climate change. so what exactly are you trying to say about this mass switchoff here? >> first of all, it knits together the world. it gives people an opportunity to give voice to the fact that climate change is real. they're committed to do something about it and want to ask others to do something about it. so if you go to earthhour.org, there's a whole array of tips. different things to do in everyday life. windows, commuting. it gives the moment to say, this is a problem, we're all in this together and we need to solve this problem. >> if you admit even yourself that you -- you say it's a stunt, because, listen i don't know but i've heard -- just doing research here saying that, you actually use more electricity when everybody flicks the lights back on than if you kept them on the whole hour. it's most

decision to pull out of china, moving most of its china-based search functions from the main throond hong kongaid it could not comply with the demands to sensor web content. the chinese government has blocked topics on the pro-democracy movement. i'm ainsley earhardt, back to "on the record." >> greta: are we getting slicked? rush law. >> we ought to start -- rush law. >> we ought to start demanding all the benefits, premium reductions, prepreventive care colonoscopies, mammograms. we want the deficit reduction starting now. we want all the promises today. we don't want the props in 2014, 29 teen, we want it -- we don't want the promises in 2014 in 20 , we want it now. if this bill is christmas why wait until december? let's have christmas in march! >> some benefits from in health care bill kicking first long before the most controversial parts. the question is why? rick santorum joins us live. good evening senator. is it just a coincidence that some of the more popular provisions kick in quickly or do we want them so much we are willing to have those loaded up front or do you suspect somethin

look at the 4.9% is the s&p 500, and germany and brazil were up and hong kong and china were down this quarter. finally, a little bit of good news for people who have a band in the u.s. equity markets. let's look at the big winners here. double-digits on some of them, and biotech with the rumors of the phrma industries needing to get in here. and loan levels leveling off, and we need to see loan growth, and industrials up, on the recovery and airlines up on the revenue turn around and more planes flying with fewer people on them, and retailers with strong sales in the stores. and ipo news, for two weeks great news, and today primerica maybe coming. 18 million shares and 12 to 14 and you know them essentially spun off from citigroup, and 12 to 14, and i'm hearing 4 to 5 times overprescribed and could go over 14 and maybe $15 and this is confirmation that ipo market is a comeback. that will be a big story. just because this quarter is good, it doesn't mean the next quart ler be good. let's highlight concerns in april. interest rates. call it the building the wall of worry. where interest

but how do you compete with new york, hong kong, shanghai, frankfurt in an environment where the money's tight? >> well, we feel that we compete very well. clearly the fiscal environment is important. but it is not the only element. what i think london provides is a very deep pool of capital, a very deep pool of expertise, which is what companies who come to list here are seeking. at the end of the day it's liquidity and it's expertise in terms of their sector of operation. london remains extremely competitive in that regard. and if one looks for a minute at the pipeline of not only european but international ipos scheduled to list in london in the next five to six months, it is a very good pipeline indeed. we're very pleased about it. >> what does the pipeline look like? what sectors are you expecting to be most active in terms of coming to market? >> as you would expect, of course, energy, resources, mining, extractive sectors continue to be very, very attractive and focus investors' attention. we continue to be extremely attractive generally speaking to emerging market companies. asia

hong kong, the hang seng index bore the brunt of the selling. you can see the market down about 2% hitting a two-week low. any of the interest sensitive stocks like the banking stocks, as well as property stocks were very weak. and like i mentioned, the resources as well. an exception was air china. in fact trading upwards after it said it would be raising its stake in shenzhen airlines from the current 25% to 51%. so in effect, taking control of the company. gives them a bigger footprint in the southern part of china, as well. and last but not least, south korea's kospi down about 0.8%. on that note, i will send it back to christine, i believe. >> saijal, thank you very much for that. coming up next, focus on this particular story is going to be rather interesting. will google pull out of china? the u.s. internet company will reportedly announce its next steps this week. we'll discuss what to expect later on in the show. >>> 20 past the hour. welcome back to "worldwide exchange." and off we go on the east coast. you're looking at a picture of t

saturday when the storm broke causing pollution levels to hit record highs. 1,000 miles away from hong konge environment destruction in the area. nothing to balance it out. the great green wall is in place to reverse the trend. the wall made of newly planted trees stretches 2,800 miles. the planning project will take over 70 years to complete. china says they're on it. still ahead, what happens next on health care. first, a conversation with one of the lawmakers involved in that pivotal stupak deal. we're right back. walgreens and s of zyrtec... want to make sure allergies don't always have to keep you cooped up inside. that's why we're making it easier for everyone to find allergy solutions. by offering products like new zyrtec liquid gels. zyrtec, the fastest 24-hour allergy medicine, is now available in a liquid gel. zyrtec liquid gels work on your worst symptoms... indoors and out. you'll also get the expert advice of your walgreens pharmacist. so you'll feel freer to love the air. walgreens. there's a way to stay well. a day on the days that you have arthritis pain, you could end up ta

lipsky, second in commend at the imf was making very aggressive speeches over in hong kong at a forum saying the economic crisis was leaving deep scars in fiscal balances. on the dollar here, you can see some of the weakness we've had early in the day. >> i know you didn't want to get into health care much. there are a lot of concerns about the deficit right now, whether this is the right timing, in fact, for a bill like this. there are a lot of concerns about the increase in tax on the wealthy and what that's going to do for investment at a place like this. because people might be tempted to take out their money, out of the equities markets ahead of that tax increase. >> yes. not happening today. >> not happens today. people are concerned about it. i want to head back to larry. >> trish, you stay with it. let us go on. a landmark vote to over haul the nation's health care system. as you know, it was a close call. 218-212. not one vote from the republicans. cnbc's chief washington correspondent john harwood joins us now with the fallout. it's like nuclear fallout. hello, john. >> repo

but unlike, say, hong kong, which we had on last night, america's still full of these old legacy networks that need to connect with more modern ones. a lot of copper in the system. and that's why we like, new name, everybody, but remember, it is speculative friday, we like sonus networks. and the symbol is sons. s-o-n-s. for all you home gamers. now, this stock is as speculative as it comes. it's at $2.57. $700 million market cap. sonus makes the equipment that allows carriers and service providers to transform their old-fashioned voice networks into modern scalable internet protocol ip ones and to seamlessly connect the old network with the new generation without diminishing voice quality, which by the way it would without sonus. it's a pure play on what's called voice ip infrastructure basically, this company's flagship product is called the gsx-9000. it's a media gateway, serves as a bridge between legacy circuit-based networks and modern internet-based networks. the product minimizes delay, that enhances voice quality, and it scales to the very large configurations that are required b

the hong kong regulators and chinese regulators. nd that could create its own issue. i don't think are you going to see that deal get approved so quickly. by the way, there may be other bidders that may emerge. china life, other insurance companies and sovereign wealth fund so this story may not be over just yet. >> andrew ross sorkin of the "new york times", thanks again. >> thank you . >> ifill: next, tough choices for states facing record budget shortfalls. newshour correspondent tom bearden reports from colorado. >> . >> reporter: a truck rolls up to a denver soup kitchen. not to deliver food but medical care for the homeless. >> so are you here about -- . >> loud. >> look behind your ears, okay, it's real important that we do that. >> inside people are treated for diabetes, high blood pressure, mental health problems. about 2200 patients a year. >> hey, roger, how are you doing? >> the colorado coalition for the homeless has been operating the mobile clinic for eight years. and they believe it saved countless lives. >> all right, i will look into your ears and se