in hong kong. >> reporter: the close tie with mainland china is another advantage for hong kong.he trade organizer set up a tour for about 100 buyers and investors from the mainland who are looking for new products to import or investment opportunities. >> translator: i hope to introduce these products into the mainland. people will find how good the technologies in other countries are. >> reporter: inviting people from mainland china could provide big business opportunities for hong kong companies. >> especially if we want to further strengthen ourselves as the hub for businesses and also as the platform, a two-way platform between china and the world and the world with china. >> hong kong organizes about 100 trade fairs and related events each year, expanding the trade convention industry is one of the aims of the local government. it has a set budget of $20 million for promoting more exhibitors and projects in the future. >>> here's the latest market figures. ♪ ♪ >>> hi, and welcome back to your world weather update. now, here's a look for east asia. we are looking at clear sk

rob mcbride, nhk world, hong kong. >>> all right.ell, let's head straight into europe and take a look at the current situation in central areas of the continent. here's the scene coming out of poland, first of all. you can see in the northwest of the country, roads became quite blocked due to numerous accidents and trucks getting stuck in the snow. drivers really had to spend the night in their cars, and workers having a hard time clearing all that snow. and a similar situation really in austria as well, dealing with icy weather conditions. not just slippery roads, but blowing snow has been affecting visibility as well. so the workers have been getting busy trying to clear all that snow from roads as well as sidewalks. now, here's a setup for your thursday, the jet stream as you can see really meandering towards the south, and that's going to allow for that cold air to enter into the continent. much of central and eastern europe under wintry spells just now, but even up towards the northwest will feel the effect of the frigid air as

standing by are jaymee ng in hong kong and nemo kim in seoul. first, jaymee, now that the year is almost over, can you give us a sense of what we can expect for china's economy in 2011? >> hi, shery. china is targeting economic growth of around 8% in 2011, the same level as this year. the goal was reported by state media on wednesday, citing the top economic planning agency, the national development and reform commission. amid concern about inflation, the government raised its target for consumer price increases next year to about 4%, 4 percentage points higher than this year. china's consumer price index january through november rose 3.2% from the same period last year, exceeding the government's target. a bank based in china's the city of chongqing has been listed in hong kong to raise foreign capital. they became the first chinese regional bank to be listed in hong kong. the bank's chairman attended a ceremony to mark the initial public offering which raised about $1.5 billion. japan's largest brokerage, nomura holdings, was the lead and the

now, you were born in china and fled to hong kong.nown for your bold and blunt criticism of the mainland government. what's your approach for dealing with china's leadership in terms of covering the news and also in reaching an audience on the mainland? >> we can only reach the audience outside china. we should portray it as objective as possible. we also have to portray china through our value. the dominant value of democracy, of human right, of freedom and all that, that's the value we share with the world. >> in taiwan the authorities haven't yet approved your applications to start a broadcast-based tv channel. so you can only for now post videos on the internet. >> well, i think the future definitely is the internet-based tv. because that give people the interactivity that the cable and other kind of media cannot give. you know, so when we are not -- when we are denied the license by ncc, we decide to move our operation forward a bit further than we planned. but how the technology is going to transpire and how the format of tv wil

it was actually during his timeo in hong kong that started him to write a series of works in am american history. after considering several he projects he settled because of lackbe of decent current biogray information on the topic. when he returned to washingtonp. in early 1999 he joined emergini markets partnership hasp, startd to spend time at the library ofr congress. columbia university and other research facilities including the national archives.rchive. many of his sources which wouldm he worked rains from familyacco letters to newspaper accounts tu church records, public documents did not exist or were not used i in previous works. his the results of this research ar currently available as the booke we are here tonight to discuss. john if you will join me now in f >> thming waltera stahr. >> thank you for that kind gretp introduction. her it is a great pleasure to be here atr the archives.hn he was in some respects ourt, first national archivist. as the summer of 1787 s. washington and madison and the ne work in philadelphia on the new constitution jay was upk in new york working

. >> we left hong kong on new york time, the 26th -- 26th to 28th is 40 hours -- flying from hong kong. i think i can go around the world. >> at a ski resort in the northeastern state of maine, eight skiers were injured on tuesday when strong winds blew down the chair lift they were on. they fell eight meters and had to be taken to the hospital. >>> people often associate africa with widespread poverty and armed conflict. but they overlook its growing economy. this year alone it's expected to grow by 5%. but the development puts the same kind of strain on africa's environment as felt by industrialized nations. >> reporter: lake victoryia in eastern africa. it is the country's largest lake bordering on uganda and tanzania. wild animals live in the surrounding area. but the lake has become badly polluted. the ugandan portion suffers the most. the fishermen earn one-sixth of what they used to. >> translator: recently, i haven't caught any fish and lost so much income. i can't fish anymore. >> reporter: many blame the pollution on industrialization. uganda's economy has been growing by 7%

. >>> mechanical failure forced a helicopter to make an emergency landing at a reservoir in hong kong. the territory's civil aviation department says all three crew members are safe because the chopper's emergency floats activated. the helicopter was battling a forest fire and was on its way to refill its water tanks when one of its engines ran into problems. after landing on the reservoir, the crew swam ashore in their safety jackets and were sent to the hospital for examination. >>> hi there. it's time for the world weather. let's begin. across east asia, things are looking a little bit on the chilly side for many areas of northern china. no surprise there. also quite cold for you in mongolia. but we will remain dry for the better part of eastern and southeast asia. we're going to see pretty calm conditions all the way down to even thailand. but we run into some problems as we hit the philippines, indonesia, and down through malaysia and singapore. pretty heavy rain behind our nhk world side. towards the koreas, there's going to be some rain, likely be falling as snow. pretty cold c

and hong kong. on thursday about 50 protesters in front of the chinese embassy culled for liu's immediate release. >> we're not sure the solidarity with dr. liu xiaobo. >> china will not attend the ceremony and delegates from 20 countries with close relationships such as russia and iran are also likely to be absent. it's unusual for so many countries to refrain from attending the nobel peace prize -- nobel prize ceremony. at a news conference on thursday the chair of the norwegian nobel committee, thorbjorn jagland stressed the award. >> this is not a prize against china. everybody that wants to do business, they should be in favor of political reforms in china so that the economic development can go further. >> a chinese writer in japan says she was approached by liu xiaobo to convey his passion of bringing democracy to china even if that meant in a different language. 45-year-old liu yan tzu lives in osaka. she assisted in publishing a book of liu xiaobo's poems and essays in japanese. >> reporter

today, it's a 15-hour flight to hong kong. >> you want to go?ive open seats. >> reporter: while she's probably asked how long until we land almost as often as how long until you retire, the answer in both cases is? not any time soon. >> the day that i can't be the on board leader or perform what the company wants, i think it's time to step down. not today. >> reporter: peter greeberg, cbs news, new york. >>> i'll take her frequent flyer miles. coming up later on "the early show," an update on the ski lift accidents an an interview with a person on the lift when it fell. >>> also one of the domestic battery charges she faces. we'll hear from her attorney. >>> and get ready for bieber fever, a chat with pop singing sensation justin bieber all that and more coming up this morning on "the early show." that's the "cbs morning news" for this wednesday. i'm terrell brown. take care, everybody. i'm terrell brown. take care, everybody. have a great day! -- captions by vitac -- www.vitac.com

then finland, hong kong, singapore and japan. and down at 20th, the u.s. and in reading, shanghai, china, again, and the others. and down at 17th, the u.s. in our travels to china, it was everywhere, that laser focus on education. this public school in shanghai, where the children were 2 years old. by three, they're at school from 8:00 until 4:00, already learning phrases in english. and the older kids wondered from diane if the reverse was true back here in the u.s. >> do you speak chinese? >> reporter: no. >> reporter: on average, chinese students attend 41 more days of school every year. and with some, attending classes on the weekends, it amounts to 30% more hours of instruction every year, too. china, and now much of asia, firmly sees a future beyond those factories. >> nobody wants to be the shoe manufacturer of the world. everybody wants to be in the scientific and technical sector. >> reporter: it's a global turning point the u.s. has faced before. 1960, then candidate john f. kennedy frustrated that the soviets at that moment seemed to be winning

i decided what i done in the 1980s of hong kong with a chosen the wrong potion to write about. so simply fetches the right ocean it would be a bigger chance of making a book that was a lot more readable. and so, as you mentioned, i decided to write it as a biography all because it has a definable birth. we know when it came into being, which was about 200 billion years ago when pangaea come in discrete goober continent that dominated the world, surrounded by this seat called him closer and broken half essentially in the water cascaded into the middle and that was the beginning of the atlantic ocean and it didn't really send this sort of s-shaped configuration that it has today until about 50 million years ago. but nonetheless, that's its origin. at first can be written about geologically and is likely to have, which we know it's going to cease to be, which is in about 170 million years. this clearly can't school of geologists in texas, who are very clever people who do a lot of mathematical modeling to predict how continents are going to move in the future. and i linger on it,

again, we lag behind shanghai, finland, hong kong.th, the united states ranks now a disgusting 25th, way below the average. here again, way behind shanghai, singapore, hong kong and korea. what goes on in a public school that allows that to happen? is the teacher asleep? are they lagubrows? boring? describe this scene in a d.c. school for the 15-year-old that makes them that behind the competition? >> well, in d.c. public schools across the city, we were facing situations where, yes, children were not engaged in quality instruction. they did not have high standards for what we expected them to be able to do. and we had kids who were moving from grade level to grade level without the requisite skills and knowledge that they needed to be successful in life. >> so what's a teacher do when they do social promotion? do they just say, well, that's the deal? that's the deal here. >> well, remember, this isn't a problem with teachers with social promotion. this is a policy that school districts often put in place, saying that it's going to be

and everyone told me in hong kong that the pacific was the ocean of the future. so i was sort of, i drank the kool-aid and said, well, okay. [laughter] decided to write a book about it and spent a lot of time traveling from, you know, from chile and from australia to alaska and crisscrossing the ocean and going to lots of the islands in between. and wrote a book which was a fairly severe commercial failure. it wasn't as bad as the book i wrote about america in the '70s which sold only 12 copies. [laughter] it wasn't quite as bad as that, but it was pretty bad. and the reason, i think, when we sort of analyzed why is that it might well have been true to say that the pacific was the ocean of the future, but what it cleary wasn't in human terms -- clearly wasn't in human terms anyway was an item of the past. it had very little history in it. of course there were the polynesians, but generally speaking it was nothing compared to the great richness, as you mentioned, barbara, of the mediterranean and then of the atlantic. so with that idea at the back of my mind and g

. >> shangai es la ciudad punta en china hong kong salió muy bien pero son focos más ricos en paina aparido. >> la educación es mucho, mucho más estricta como aquí. >> la máxima a4 eoridad dectiva norte america dijo que los resultados de este comen nus entran la necesidad de acelerar el aprendizaje para convertir a esdatdiante competitivo en economía mundial del siglo xii. >> el secretario de educación dijo ados que se trata de una ecreamada de alerta sobre una realidad que él calificó de brutal que tienen que tomar ernaartas en el asunto inmediatamente. >> hoy es martes noche de "aquí y ahorchi" >> después perd era a som0 sere queridos dice que estaba lleno de dolor. >> al principio me decían a es >> y recuerde aquí esta nocomí les espero junto a teresa rodríguez hasta aquí el noticiero gracias nos vemos. >> es

his wife said, i am moving to hong kong. that did not work out so well. he is more secure than the next interim mayor will be. his financial future will be locked down for at least five years in this position. i could not be more pleased or more is enthusiastic about this reappointment. i am glad that president david chiu took the time to be here. also sophy maxwell. i have found a file on ed and i was cleaning out my files. i am glad that that episode is behind us. i am very pleased with the great work. we have been celebrating his work. we were just out at sunset celebrating his contribution. i am grateful that you took the time to be here. you should be very appreciative. thank you for being here. i see a lot of department heads here. i think that everything has been said about ed over the years by pretty much everyone but it is approach to it that i recast in a new light. i have advantage of being around here for 16 years. i was a member of the parking and traffic commission. i worked on the board of supervisors for 16 years. my life has been devoted

meanwhile, we start to warm up as we head to taipei, showers there at 24 and 22 in hong kong. what about north america? well, let's talk about the northeast real quickly. we have a very strong system that's off in the atlantic. but take a look at that. look at how strong it is. really windy, incredibly intense, high waves and surf across parts of new england. but in terms of wet weather, we're not going to see so much of it in the next few days. really what's going to drive all the wintery weather we're going to see here is going to be this area, this storm system across the northern plains and in the upper midwest. and this complex of storm systems out in the pacific. what we've got is just a pulse of moisture bringing in a lot of rain across southern california and snow into interior areas, and just widespread snow for mountainous regions. do be careful about that. temperatures across the board are going to be certainly on the cool side in the north. seeing about 5 in vancouver, looking at sleet there for you, 6 in seattle. meanwhile, about 12 in denver, 14 in l.a. certainly

medida que siguen tratando de normalizar, al algunos tes de están varias horas en la aeropuerto hong konga pista del aeropuerto por más de diez hora, de viajeros dijeron que solo bilitadas (es o agua y galleta, al.eron que no podían bajarlo Ón similar.enían fuertes que no francisco tapada de nieve, pasajeros de aeroméxic tuvieron que aguantar una situación parecida. sta sea s con más detalles de los planes de la policía, para cae la fiesta sea segura. te la autoridades estarán de que el do un número de oficial en la calles, mientras que recomiendan usar transporte público para prevenir que el trafico este congestionada. >>> en la beso pera de año, nuevo la familias a toga quiero estar en su casa. >>> pero en el caso de miles de personas el embarcadero será el escenario gratis de fuegos artificiales en un espectáculo que sdlul obra a toda el área de la bahía. >>> estaremos preparados para tener oficiales presentes, una presencia grande para evitar problema. >>> recordaron que bebñ alcohol en público es un acto ilegal. >>> tambié dijeron que justo el 31 de diciembre, se estará realizando un

supervisor mar: i think they do this in hong kong, too. >> it has been well appreciated in the neighborhoods. we put cameras underneath the intersection to make sure all the pipes are working correctly, but if i had to do it over again, i do not know if i would put them in such a large intersection because you are vulnerable when you tear it up, it gets expensive. it is very nice, an improvement, but any time you have to replace something under the street, it is costly. i would only do it in special places. open sidewalks. there was money available for rainwater. the mission gets flooded a lot, so we started opening up sidewalks. we also wanted to get to the news stands. we got those new news racks, and we purposely put them up against the building's. that frees up the sidewalk, so that you can open it and put in plantings and make it look nicer. with merchants, this was the bench of the city original design, we took our planters, and we work with our merchants to create seating areas. first of all, it has to be clean, and then you can create little public spaces like this for people to hang

at overseas trading this morning, in tokyo the knee cake yierk the nikkei"ed up one point but in hong kong the hang seng tumbled. >>> profit takers apparently convinced the recent rally has run its course has moved in late wiping out morning gains. apple has followed the recent pattern. after being significantly higher earlier. the day started down but the dollar rising on new debt concerns. rooney's warning it could be downgraded. the mood brightened on manufacturing data. it moved at the fastest pace in four months. treasury yields continue rising, sparking worry about rising borrowing costs which in turn sent bank stocks and other financials lower. samuel adams rose 12% after raising its 2010 earnings forecast saying it's ship 1g 2% more than last year. >>> the justice department sued bp and other companies for the gulf oil spill hoping to get recovered for damage above and beyond what's been paid. >>> they produced agreements including -- and china's continued barriers. speaking up, china's biggest expansion there yet, opening up 200 new restaurants next year. >> and finally one abu dh

the flights that came in from hong kong forced them to sit on the tarmac for 11 hours because there was not a gate ready. a similar thing happened to a british airways flight. the reason is foreign -- for airlines checking schedules and not clearing this with the airports. they said the airlines weren't notifying. >> looking ahead to the end of the week, is the new year. it is a holiday season. what is the prospect for them getting out and about? >> of the weather looks like it is going to be fine, the problem is the backlog of passengers. it is very difficult, particularly at this time of year for airlines to clear a backlog because they are relying on extra seats on planes. airplane flights had to be booked a very close to capacity. finding that extra space is difficult. if you can avoid travelling across hall than a year, best to do so. >> thousands are without water. the water company is giving out bottled water. >> christmas has been more than a washout. >> it is awful. and unbelievable. christmas is over. >> many businesses and farms have been without supplies. many people are dri

taking a look at overseas trading this morning, in tokyo, the nikkei shed 7 points, but in hong kong, the hang seng rose 46. on wall street thursday, upbeat economic news and general optimism kept the profit takers on the sidelines. stocks gained across the board with markets hitting two-year highs. worries on treasury yields fell as did the dollar and gold and unlike the last three days, there was no late day sell-off. first time claims for unemployment fell to 420,000, the third drop in four weeks. housing stops rose slightly last month. businesses and consumers are shipping more packages, so fedex raised earnings prediction, seen as another sign the economy was improving. visa and mastercard tumbled after a fed proposal that would force banks and network toes slash the fees they charge retailers on debit cards. american express was the dow's worst performer. >>> keep an eye on oracle today. after the bell, the softwaremaker was up. after the close, research in motion jumped after reporting third quarter results. elsewhere, the food and drug administration recommended avastin no lon

taking a look at overseas trading this morning, in tokyo, the nikkei fell 6 points while in hong kong, the hang seng plunged 455. > stocks got off to a flying start tuesday then the fed crashed the party. after the year's last meeting, the federal reserve wa unexpectedly pessimistic, calling the recovery slow, looking for unemployment to remain high and reaffirming its controversial commitme to buy $600 billion in bonds to stimulate growth. the action was swift, first in bonds. the yield on t 10-year treasury note jumped to 3.46%, its highest level since may, a huge increase in the trade since monday. thleap was uivalent to the dow moving 600 points in one day. ironically, part of why the fed is buying bonds is to help ler long-term interest rates, but the higher yield has the opposite effect. wall street reacted with a late afternoon sell-off that hit financials hard. still, t dow managed to close at its high for the year. spirits had been high earlier thanks toetail sales rising for a fifth straight month in november. the one exception, best buy, plummeted almost 15% after posting t

in hong kong, the hang seng rose 113. >>> on wall street, trading was flat, slow and uncertain monday starting off the final full week of business before christmas. both the dow and the s&p benefited from china's conservative move to slow growth, increasing the amount of extra capital top banks must hold instead of the more severe option of raising interest rates. that helped oil companies like chevron and mining related companies like caterpillar drive the dow higher. the nasdaq saw an eight-day winning streak end, but apple closed slightly higher, up 53% for the year. >>> one spot on wall street was head hot. mergers and acquisitions. general electric, the current owner of this network, rose after confirming it would buy british oil field services company wellstream holdings for $1.3 billion. dell fell almost 4% after sweetening its cash offer for the network storage company compelant. thermo fisher will acquire dionex for $2.1 billion. keep an eye on yahoo! today. reports say the internet portal will lay off about 600 employees, about 5% of its workforce, as early as today. elsewhe

but in hong kong, the hang seng added 36. stocks close lower in light trade thursday as not even a slew of positive economic reports could entice investors to risk their year-end gains. many sold profits. most considered thursday the last real day of trade, because few are expected to show up today on new year's eve. only energy and telecommunication shares posted gains among the ten industry groups on the s&p. all that despite excellent data. last week's new first time unemployment claims dropped to the lowest level since july 2008. business activity in the midwest rose to its highest level since july 1988. and november's pending home sales rose more than anticipated. but mortgage rates are creeping up. the average rate on 30-year fixed mortgages rose this week to 4.86%. highest in seven months. oil fell almost 2% to well under $90 a barrel on the latest inventory data. struggling book seller borders delayed payment to some of its venters. chrysler recalled about 150,000 trucks and suvs yesterday to address steering, air bag

taking a look at overseas trading this morning, in tokyo, the nikkei lost 67 points while in hong kong, the hang seng fell 69. >>> on wall street's last day of trade before christmas thursday, stocks mostly flat and volume was low, but that didn't stop 14 weeks of gains. the day's data was almost entirely rosy. consumer sentiment rose to its highest level since june. demand for durable goods surged. first-time jobless benefits edged down. the latest survey on investor sentiment rose to a six-year high. energy stocks led as the price of oil continued its sharp rise up to a two-year high of more than $91 a barrel. not coincidentally, aaa announced the average pump price of regular gas rose above $3 a gallon thursday for the first time ever in the christmas season. >>> back in stocks -- bed, bath a& beyond was up afte forecasting a strong holiday season. micron technology tumbled more than 4% after lowering its chip pricing forecast. elsewhere -- jo anne stores surged almost 32% after agreeing to be bought by a private equity firm for $1.6 billion. toyota is paying $10 million to settle c

a small group of legislators in hong kong protested against the continued imprisonment. the human rights campaigner is serving an 11-year sentence on subversion charges. china condemned the choice of this year's laureate as an obscenity. torrential rains in southern spain have caused major flooding and many people have evacuated. one river hasas bus banks and flooded a historic town center. much of the region of andalusia was put on high alert and more heavy rain is on its way. severe weather wheat have thick and portugal as well wear a powerful tornado destroyed as cool and caused major damage in the northeastern teacher -- in a northeastern town. fans have gathered in liverpool and in new york city for vigils mararking th anniversary of the murder of john lennon. in new york, people lit candles and sang songs in remembrance of the musician whose life was abruptly ended by a gunman bullet. >> it was a cold night when mark chapman shot john lennon five times. he died almost instantly as news spread, thousands of fans gathered at the scene to mourn the musicians death. >>

taking a look at overseas trading this morning, in tokyo, the nikkei lost 73 points while in hong kong, the hang seng dipped 8. >>> it's not just in washington. on wall street yesterday, everyone was talking about the tax cut deal. news of democrats fighting the president's deal which wall street sees as good for growth kept investors cautious and trading flat. stocks had edged higher early after a report showed first time unemployment claims dropped last week to the second lowest level this year. despite low volume and tiny gains, the s&p 500 managed to close at a two-year high. and the nasdaq up for a seventh straight day closed at its highest level since december 2007. the nasdaq's teva pharmaceutical jumped almost 7% after saying it expects its multiple sclerosis drug to win regulatory approval within two years. >>> back on the dow, bank of america led the way for a second day in a row. in the last month, bank stocks have risen over 12%. insurer aig skyrocketed 13% after announcing it's in the final stages of paying off a fed loan, paving the way for the government to sell its 80%

in hong kong, the hang seng lost 128. >>> wall street rallied for a second day thursday, as concerns about concerns about europe's debt crisis continues to ease, and evidence continued to pile up. the american economy is improving. the european central bank moved to stem the growing euro zone crisis with hefty purchases of portuguese and irish debt and kept its benchmark interest rate at a record low 1%. major retailers reported stronger than expected sales in november, another hint consumer confidence is improving. abercrombie & fitch jumped after sales soared 32%. the number of people who signed contracts to buy homes jumped more than 10% in october. economists had expected a slight decline. >>> ahead of this morning's government's release of november's unemployment figures, data yesterday showed the average number of november's new unemployment claims fell to a two-year low, while economists expect today's numbers to show well over 100,000 new jobs, they also expect the unemployment rate will remain at 9.6%. it would be the 19th consecutive month above 9%, breaking the postworld w

taking a look at overseas trading this morning, in tokyo, the nikkei gained 51 points while in hong kong the hang seng surged 347. >>> well, not long ago, bad economic data would leave investors rupping for cover. yesterday, the markets not only shrugged off bad numbers, these even eked out some gains. a santa claus rally thankses to a rise in oil prices and demand for heating oil. chevron and exxon both hit new 52-week highs. this more confident market swatted off down beat numbers. december is consumer confidence unexpectedly fell while the october price of single family homes fell almost double what was expected. home builder beazer fell 4.5% on that news. on the brighter side, new sales data confirmed retailers are poised to show their best holiday season in three years. general motors was up over 2% after analysts from banks underwrote ip initiated coverage with favorable ratings. mankind corp. jumped after its experimental diabetes drug by regulators raised hopes the drug won't be rejected. >>> elsewhere, united, continental and delta confirmed they're raising domestic ticket price

but in hong kong, the hang seng added 51. >>> optimism for the new year is on the rise on wall street. the upbeat sentiment pushed the s&p above its so-called pre-lehman collapse level. several of the nation's largest banks picked up 1% while a couple of big mergers added to the outlook for the day ahead. today we'll see third quarter revised gdp and existing home sales. the still sluggish real estate market took a toll on home builder hovnanian. dropped 13% thanks to slow demand. federal officials say deutsche bank has admitted to criminal wrongdoing and agreed to pay more than $550 million for helping wealthy clients avoid paying hundreds of millions of dollars in u.s. taxes. new york's attorney general has filed charges against accounting giant ernst & young accusing them for helping lehman brothers hide things. ernst & young says there is no factual or legal basis. >>> julian assange has confirmed bank of america is the target of his next big expose. assange predicts, quote, if they're operating in the same way, there will be resignations. >>> and keeping internet providers from i

taking a look at overseas trading this morning -- in tokyo, the nikkei gained 91 points, but in hong kong, the hang seng fell 333. >>> wall street's enthusiasm over the tax cut deal ran wild tuesday morning, but by the afternoon, the markets had gone flat. the s&p hit a two-year mid session high as traders celebrated the tax compromise. but that rally fizzled after bond prices fell sharply and the ten-year treasury note yield hit its highest level since june. also stressing investors news that the securities and exchange commission issued more than a dozen subpoenas investigating insider wall street trading, even though volume was heavy. more than 11 billion shares moved tuesday, many in citigroup which rose almost 4% after the government sold its last shares. 3m fell 3% after issuing a sales outlook that was lower than expected. natural gas distributor nikkor climbed over 4% after agreeing to be bought by rival agl resources for $2.4 billion. talbot's was down a whopping 22% after issuing a disappointing look for the holiday. the "new york times" rose 4% after reporting expense cuts and

supervisor mar: i think they do this in hong kong, too. >> it has been well appreciated in the neighborhoods. we put cameras underneath the intersection to make sure all the pipes are working correctly, but if i had to do it over again, i do not know if i would put them in such a large intersection because you are vulnerable when you tear it up, it gets expensive. it is very nice, an improvement, but any time you have to

lai publishes the newspaper apple daily and others in hong kong and taiwan and launched next media animation for being with us today. >> thank you. >> what are you trying to bring to the world by starting next tv? >> on tv all you have is the last slice of the news because something -- only after something happen you have the news. so whatever happens you have the missing images. but with the quick response animations we can recreate missing images and turn tv news, which is just information, into a new story. and that's -- you know, that's what we want to do. >> how do you draw the distinction between your fiction and the non-fiction of journalism, which uncovers the news with the help of whistle blowers such as wikileaks? >> well, we don't try to create fiction. what we try to do is to use the information we have to recreate it into images. it's not fiction. >> but, now you at next tv often put out a story without any of your own journalists having covered the incident themselves or without maybe confirming the facts themselves. >> you know, other news channels or news service give us the

. >>> in hong kong fireworks exploded from 10 of the city's most famous buildings.the lights show started at -- start there at 8:00 our time and lasted four minutes. >>> those are pictures and sounds from thailand, where a large crowd gathered to ring in the new year and watch the fireworks. january 1st 2011 arrived there at 9:00 a.m. our time. >>> the list of new year's eve parties is to along to give you but we know one woman what has had a hand in nearly a thousand of them so far, most of them here in san francisco. jade takes a look inside the ba loop lady's warehouse. >> reporter: they were busy blowing up balloon. the woman behind it all the balloon lady. >> i have a fabulous staff and great clients and everybody does what they are supposed to do and it gets done in time. >> how late will you be working tonight? >> i hope we are wrapped up by 8:00. >> this is the busiest day of the year for her. her operation is a well orange orchestrated event. they take them to their final destinations, including balloon drops. >> we do it because we are good at it and we ha