while you're looking at that skyline in hong kong, hong kong residents may be looking at their wallets. hong kong police disrupted a counterfeiting operation. they were making marks in 100 hong kong dollars. police raided a man's flat where they found a forgery workshop and arrested another suspect. authorities believe the counterfeiters have been active for the past six months. most of the currency seriesed around hong kong during that period, have had identical serial numbers. >>> let's go down under, where tiger airways says it's committed to flying australia's skies for the long-term. but the company's aviation authority wants to keep the airline grounded until the 31st of july because of ongoing safety concerns. our business analyst looks at the impact of the tiger brand and on investor confidence. they don't like these people, do they? >> not right now, charles. investors are continuing to sell tiger stock on the singapore exchange. today, its share price fell about 1%. but since july 1st, that's where the true story is. the airline shares have fallen nearly 14%. this performance

in the late '90s hong kong needed a bridge. matthew know the arc theme park. >> there was a island that needed to be developed to enable the building of the bridge. >> reporter: as a lawyer for the developers, hugo chance message to the government was >> we can help you build the bridge. with the owners of the land on the island. build a theme park for the community. let us relocate the villagers and build a residential development. >> reporter: so the government built a bridge. but at first, they didn't know what kind of theme park. >> they had vision to do something remarkable. something outstanding. so they came up with many ideas. some of them were outrages and some unreasonable. >> reporter: but the big vision of the arc came from a little arc. >> it came from the heart of 8-year-old girl. she drew a little picture. her dad took it and the government officials took it. they developed a plan. the marketing team came along side. the hong kong government came to support it as well. >> reporter: the contractors built the same

from hong kong and london. welcome back. >>> norway is preparing for a one-minute silence at noon local time to honor the attacks. that's a little over an hour from now. flowers and candles are continuing to pile up in central oslo. it's a glowing tribute to the 90 people known to have died in the bombing and shooting spree. norwegians are still trying to come to terms with the shock and the loss. the sole suspect in those attacks is due in court in a little over two hours' time. investigators are poring over a 1,500-page manifesto it appears he's written. >> reporter: this is how the man accused of being norway's most notorious mass killer apparently wants the world to know him, a smiling norwegian nationalist,er issous military-style marksman. not just the cold-blood killer police say stalked and gunned down innocent young victims on a remotor vehicle rocky island. anders behreng breivik is believed to have posted these images in youtube, embedded in a 1,500-page manifesto just hours before he began his deadl

in asia are ex-pats and here in hong kong one of the things they talk about is the high cost of rent. hong co hong kong is not cheap but what's the most expensive city for ex-pats to live in this year? consulting company merser is out with its 2011 annual cost of living survey. it look at 200 countries and found that cities in europe and asia were in the top ten. ramy inocencio joins me now. you say the most expensive city is also in an emerging economy. >> that would be lowanda. angola has become one of the fastest growing economies in the world. that's thanks in part to its oil riches. this the picture of an oil flare, just off the coast there. it's using the oil income to fuel a post-war reconstruction boom. that's pulling in a lot of foreign workers and that, of course, is driving up housing costs. those foreigners might demand food that needs to be imported. we're talking at higher costs there. another xponsive city is the capital of chad in n'djamena. and rounding out the top three, we have to go to sao paulo, brazil. one interesting theme out of this year's mercer survey, ther

. >>> july 1st also marks the return of hong kong to china. on friday, 13 years of the reversion, tens of thousands of people took to the streets. they were demanding that the reveryjent pledges be fulfilled. more than 100,000 people are estimated to have gathered for the march. even central hong kong. the protesters called for power to be returned to the people. they also demanded the right to vote for their own chief executive. such an election is called for under the basic law that was adopted when hong kong reverted to china, but it has nevereen upheld. >> translator: we're only a yes man to china. there is no freedom or democracy. >> translator: china is busy focusing on economic growth, but it's leaving the human rights issue behind. >> earlier in the day an official ceremony was held to celebrate the return. chief executive donald tsang said that closer ties with the mainland china were helping with the hong kong economy. he referred to the chinese yuan in hong kong. >> translator: china's one country/two system policy is working well f

hong kong at 30. hanoi, 13. let's go to a live shot out of hong kong to.things are looking a little bit better. of course, that storm system moving away. the weather will improve. but as i take you over to the graphic, we're going to be dealing with extremely heavy rainfall as i said. anywhere you're seeing in red as well as this orange right here, tangerine, we're talking 75 meters of rachblt we'll see it in areas including parts of vietnam as we go through today as well as tomorrow. we can't forget tropical storm don. it's moving through the gulf of mexico. 500 kilometers southeast of corpus christi. it's going to continue to move through the gulf of mexico today and then as we head into late friday as well as into saturday, we are going to see tropical storm don making landfall, looks like in the southern part of texas, not far away potentially from brownsville and corpus christi. notice the winds will briefly peak around 102 kilometers. it's going to be bringing badly need moisture for parts of the southwest. we're talking parts of mexico as well as te

a new real estate study shows beijing and hong kong prices rose.der to australia, the asx 200 was pretty much flat as you can see. but news corp fell. that's as the phone-hacking scandal continues to unfold. i want to take you to taiwan. the taiex closed down about 0.42%. htc infringed on two patents belonging to apple. they say it will appeal but they also say it will buy back as much as 2.4% of its own stock. >>> regional markets seem to be sinking. gold going the other way today, hitting a record-high. what's the deal with that? >> earlier today gold hit a new intraday high of $1,599.29. that's almost $1,600. you know, this trend really is not new. since the start of the year, every time there's been a crisis of confidence, the price of gold has gone higher and higher as investors have fled to the safe haven. late january when the rest of the arab world raised fears. gold then jumped almost 8% the following month. then you head over to march 11th, of course, the japan quake was a shock to the tsunami markets. now we're basically seeing the same

hong kong thank you. all right let's move to the markets we have a couple of minutes left in the program is looking for direction pretty much all session long now it's flat the positive this hour this is after investors still taking in the increasing u.s. the truth supplies and crisis in europe are they may hold to demand for raw materials therefore gains are limited to just twenty seven cents on light sweet and eighteen on brant. in asia stock markets are positive after data showed that china's g.d.p. expanded at a faster than expected pace on from property stocks again as a result we did see china overseas lead an investment adding more than six percent and one point of financials are also pretty strong with the chinese construction bank in the lead and japanese stocks saw also on the rise though moderately as a strong yen is dampening sentiment. european markets are trading in the black gains however are still limited after a downgrade of ireland by moody's investor this is keeping those sovereign debt

i'm pauline choiu in hong kong. i'm pauline choiu in hong kong.-bye for now. -- captions by vitac -- www.vitac.com

let's look at hong kong. over the last 15 years, they had a very wild media.hey have more than a dozen newspapers. you'll see a similar trajectory of media access, a couple of reaction, and government response. about 15 years ago, hong kong had a huge scandal in which there was a story about a woman who committed suicide by jumping out of a window and taking her young children with her. a few days later, at a very popular newspapers splashed photographs across the page of the way were supposedly not grieving. it turned out that the photographs were staged. there was a huge outcry. the commission recommended very harsh media laws. the media responded by -- >> what time prevents these councils from happening again? >> the media can do some more self regulation. clearly, in asia, for example, governments are much more likely to have restrictions. they are not just going after traditional media. they're going after the internet. by trying to do responsible journalism. >> thank you so much for joining us. >> the pressure on news international has intensified with f

we're live from cnn hong kong and london.it's time now for "the boss." in new york and macaw, this week it's all about slelg for steve hindy and francis lloyd. despite being the boss, stooech isn't afraid of getting his hands dirty when it comes to drumming up business. for francis, it's the first chance to show off galaxy's new resort. >> previously on "the boss," checks and balances. francis lloyd pays his butt lers a visit. >> i believe i will be the rah rah person to make sure all our staff is pumped up. >> in brooklyn, new york, steve hindy turns to a famous designer to gain an edge. >> people immediately said, wait a minute, how did you get milton glazer involved in this. >> it's a hot summer's day in williamsburg, brooklyn. outside, temperatures are soaring. that's not stopping our boss, steve hindy. he's hitting the streets on an important sales call. >> hey, steve. >> how are you doing? >> nice to see you. >> steve is visiting a popular hangout in the area called diner. his goal here today is simple, to persuade owne

you live in hong kong. i live in new york. you can't blow things up. too much stuff around. >> that's the ultimate team-bonding experience. if you can blow something up, you know, your boss's car, your producers car, he drives a prius here in hong kong, i mean that's ooh real morale boost. >> kristie from hong kong. >>> let's go to reynolds wolf with the weather. do we have any flight delays? >> it is roasting out there in parts of the nation. we'll be talking about that. delays as you mentioned, we're going to have plenty of those especially in chicago and detroit. the big culprit. thunderstorms. major delays possibly other an hour. flight delays. that is not flight congestion. that is flight constipation. that is horrible. backups in miami and tampa. >>> meanwhile, again, the heat will continue through much of the nation's midsection all the way up in parts of the central plains, northern plains. scattered storms across the four corners after it gives a few delays in parts of the southeast as well. ali, let's pitch it right back to you. >> reynolds,

the hong kong hang seng and the australian benchmark shed over 1.5%. concerning the carbon tax we heard about earlier, rio tinto calling it an unfair tax on exporters and also saying consumers will eventually have to bear the burden of higher costs. exporters have struggled in japan as the yen strengthened. in shanghai it climbed 0.2%. it seems like they shook off the high inflation numbers from over the weekend. >> yeah. let's see how much other bad news is going to be shaken a off, pauline, because right now the major stock markets in the united states look set for a lower open when the trading week gets under way. this week is the beginning of second quarter. so alcoa will kick things off. they will do it after the closing bell on monday. so here we are looking at really losses of more than half a percent for the dow and actually moving up toward nearly 1%, the losses for both the nasdaq cause posit and the s&p 500. >> let's take a look at the week ahead, shall we, from a slew of big named earnings in the u.s. and interest names in asia and debt cri

we're live from hong kong as you're able to see and lon con. nina?rket tensions are riding high at the moment as investors wonder if europe's debt crisis will worsen. that prospect will be weighed heavily at an emergency summit going on thursday in brussels as the leaders of the countries will be meeting. officials will be attempting to finalize a bailout package for greece. when it comes to asia, stocks are worrying over europe's sovereign debt and the debt limit drama unfolding in the united states. asian investors are concerned that policymakers in europe seem to be ditherring rather than dealing with the ongoing crisis. all of this also comes after last week's european bank stress tests which seems to little restore faith in the banking sector. investor fright has global markets taking flight into safe havens now. gold for instance rose to a new record on monday, vaulting well past $1,600 an ounce. gold is standing just above that figure currently up by $3.62 as you can see there. joining me now to discuss what's going on during these busy times

. >> and a very good afternoon to you from cnn hong kong. i'm manisha tancht this is "world business today." these are the top stories on tuesday, july 26th. >> the u.s. president takes his case to the people as the country edges closer to default. >> and as the united states spends billions of dollars, some ends up in enemy hands. >>> bp lost its record last year but it's still somewhat business as usual. >>> let's go straight to the stock markets first of all. many analysts were expecting a bit of a selloff yesterday. guess what? it didn't happen and that has actually boosted confidence in asia this tuesday. we've seen some pretty good trading across the board, really a bounceback from what we saw on monday when people were really very cautious. in europe, meanwhile, a positive start there, but we're going to have to see how markets hold up. markets have been trading for a touch over an hour now, and we're going to have much more on that a little bit later on the show. we'll keep getting updates every time we see those numbers, charles. >>

over here in hong kong, the hang seng closed about flat. it was a similar picture to that on the nikkei. the financials fell, led by hsbc, as well as industrial and commercial bank of chin fla, losing between one-third and 1.25%. on the mainland, financials dragged things down there, too. beijing has ordered new restrictions on loans, particularly in the real estate sector and, of course, that didn't brighten the future over there. in the meantime, i want to bring you over to south korea and the seoul kospi. insurance companies are falling between 2% and 2.5% because of the torrential rains slamming the country today. and down under, the asx 200 fell about 1.5%, financials as well as retailers led the slide there. west farmers, the country's second biggest retailer fell about 2.5%. retailers are of course worried about a possible interest rate hike that could happen as soon as next month. that comes on the back of yesterday's higher than expected cpi. >> you talked about the slump on the nikkei. we saw that happening a day ago. a lot of tha

we'll catch up with you in hong kong.tout in hong kong. >>> moneymakers at the box office. we knew harry potter was going to do well. the finale scong

it's what made hong kong thrive. >> and hong kong have thrived. they have few natural resources.y don't have even democracy of them were ruled by the british for years and communist chinese are in charge but good news, most the brits and chinese left hong kong alone and left alone free people making themselves rich. it's amazing story, 50 years from poverty to income levels that are among the highest in the world. prosperity thanks to economic freedom. we should try that here. that is our show for tonight. good night. my doctor told me calcium is besabsorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. you know that comes with a private island. really? no. it comes with a hat. you see, airline credit cards promise flights for 25,00miles, but... [ man ] there's never any seats for ,000 miles. frustrating, isn't it? but that won't happen with the capital one venture card. you can book any airline anytime. hey, i just said t

hong kong airlines say it will launch the first all business class fights from hong kong to london.00. that service should begin next year. they expect most passengers will be tourists from mainland china going to europe to buy expensive things. before we go, today's word of the day that you must know is haboob. find out what it means and why you need to know haboob after the short break. uncer ] if you k "heroes" are only in movies, consider this: over 70% of firefighters are local volunteers... these are our neighbors putting their lives on the line. and when they rely on a battery, there are firefighters everywhere who trust duracell. and now you can join with duracell to help. just buy specially-marked packs & duracell will make a battery donation to local volunteers. these days don't we all need someone to trust...? duracell. trusted everywhere. to your kids' wet skin. new neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. >>> 39 minutes

experts say hong kong is ideal for harvesting honey with nearly constant warm weather all year. >>> well, one family proves opposites really do attract. after this fawn's mother was killed, members of the community brought the baby to a nearby farm in texas. it was quickly adopted by a herd of goats and seems to have found the family that it needed. the fawn seems to fit right in already and has even adapted itself to eating goat's milk. >>> well, going green is a good thing, except when you accidentally recycle your green. a woman in england accidently recycled an envelope filled with almost $1,600 in cash. frantic she called the recycling company who teamed up to sift through mountains of paper. not exactly a needle in a haystack, but it is remarkable they were able to find the envelope with cash intact. she did offer them a reward, but they just accepted a thank you note. they wouldn't take it. >> that's dirty money. >> oh! ba-boom boom. note, it's time now for an early look at some of the stories we'll now throughout the day on nbc. janet napolitano will travel to minot, north dakota

why do you think he came to hong kong?r the same reason everyone in america has been yelling at their tv trying to tell me. >> jimmy: uh-huh, you don't know. you have no idea. you said maybe you thought it might be just to have a vacation. you think that's possible? >> i think that's very, very possible. >> jimmy: what would you have done if bentley had said, i came here, ashley, because i screwed up, i love you, will you marry me? would the show have been over? would you have gone with him? >> despite what you see, no. absolutely not. no. >> jimmy: was there a specific moment in the conversation when you realized that bentley was, in fact, satan, the devil? >> you know what, i'm so glad that they y i think for the first time they really showed what he was doing. i don't remember an exact moment in the conversation. but he would always go back and forth between pretending to be interested and then not being interested. and he did that the whole time. >> jimmy: yeah, but he's been doing that through the whole show. you just

. >> a major battle is looming over political freedom and hong kong. protesters are expected to join a pro-democracy rally on wednesday. it is a protest against the abolition of by-election. the issue began in january of last year when five members of the council collectively resigned to force by elections which they called a referendum on iraq -- democracy. all five were reelected although on a very low turnout after beijing candidates boycotted the polls. they call the vote a waste of money. the opposition said they were trying to stop the system of beijing. last week, more than 220,000 protesters showed up. what the opposition hopes to gain by staging a protest. >> they are showing public support for political freedom in hong kong. the government cannot say, we're going to ban elections without public consultation. the government has been forced into a position where it has to consult the public, something it is not used to. what people is hoping to achieve is to keep this subject in the public eye and give the public a voice. >> that was and marie

i'm pauline chu in hong kong. >> i'm charles hodson in london. good-bye for now.

shanghai and hong kong, it was a choppy session where property stocks were under pressure. they will limit the number of homes families can buy in smaller cities. china is trying to control housing speculation after selling increased 31% by last month. but by the end of trade, it regained ground and ended the day up by almost a third of a percent there. the main aussie benchmark town by about 0.4%. and stocks on wall street started strong on thursday, but they limped to the finish after ben bernanke weighed in after hinting at what could have been interpreteded as another round of stimulus, bernanke told lawmakers that the fed is not ready at this point to take further action to boost the economy. at the close, the dow was off by half of one percent, the nasdaq had lost more than 1% and the s&p 500 had fallen about two-thirds of 1%. after the bell google was up 36% from a year earlier. >>> as we were giving a hint earlier ouks the banking sector here in europe will be in focus a bit later on today. these european banks have had their second health check. results due out a b

first to christi lu stout live in hong kong. markets in asia have closed right now. what's the talk? >> well, there are as you mentioned red arrows across the region, but linked to a variety of news lines, not just u.s. debt ceiling story. investors in japan are spooked by the u.s. debt crisis. the nikkei closed down abo about .8%. partly because investors are buying into the japanese yen, considered a safehaven. as we know a strong yen means weaker earnings for japanese exporters. toyota and sony saw losses today. the biggest loser in asia was the shanghai composite slid 3%. in hong kong the hang seng fell two-thirds of a percent, shares of china south locomotive and rolling stock fell nearly 13% after a bullet collision in mainland china killed dozens of people and something that has shuttered markets throughout china, shanghai and hong kong. back to you in new york. >> thank you for that. we're getting word that moody's is downgrading greece's credit rating again. nina, you're following this and based on how you've seen european bond buyers react to this ongoing e

firms such as micro devices and san disk in hong kong air g. firms are benefiting from higher crude. and hours ahead of the opening bell here in moscow russian markets and thursday's session in the black following the gains on wall street. let's have a look gavia index movers on the my six energy stocks were on the rise with gazprom adding almost two for sam banking stocks were also trading in the positive territory for bank was up around one percent. and ross telecom continued to rally on speculation and to be completely sold to private investors well the russian markets are yet to price and agreed deal and draw a national capital expects the stocks to join the global rare rally. well you know mark is going to be digesting yesterday's announcement but it looks like it's good news that the euro zone governments of managed to find song reasonably credible solutions to clear the problem at least temporarily out of the market and trading down because all the fear that they would not be able to do that so now i think it's going to be risk on and ru

hacemos una pausa y volemos con las propuestas en hong kong tras un nuevo aniversario de el ingreso decapital de hong kong. se sentaron en la vida y corearon consignas contra el jefe de gobierno local pidiendo su renuncia la policÍa arrestÓ a mÁs de un centenar de manifestantes. imar kadhafi enviÓ un mensaje permitido quedarse del poder. advirtiÓ a la otan queretire su fuerza aÉrea o se prepare para la que Él calificÓ como una catÁstrofe. el lunes una corte penal internacional emitiÓ una orden de arresto en su contra. las nubes del volcÁn puyehue diera un respiro a las localidades turÍsticas argentinas. villa la angostura volviÓ a hacer la becaria preferida de los turistas que llegan en esta Época del aÑo a esquiar. el prÍncipe alberto de mÓnaco, heredero de una dinastÍa que reinahace mÁs de 300 aÑos, y la ex campeona de nado charlene wittstock, contras eran hoy matrimonio civil.t uni-h@not uÉ marido y mujer sonrieron y se dieron un muneve peuni-ed.noctr@ h@not uni-ed.noctr.h@h@univisi@ >> sivotos para una reforma migratoria, porque hace una propuesta en el senado? >> las elecciones de

japan's nikkei and hong kong's hang seng were off 0.8%. stocks in this country open this morning after a mixed closing on friday. last week the dow finished down 43 points while the nasdaq was up 24. >>> in hong kong this morning, secretary of state hillary clinton tried to calm overseas markets. clinton spoke to the u.s. chamber of commerce. hong kong appealing to china and other nations not to lose faith in the u.s. economy. asia owns nearly a third of publicly held u.s. government debt. >>> this is probably not news to you. it's costing more to feed your family. the bureau of labor statistics says food at home component of the recent consumer price index surged 5% on an annual basis. this is the biggest price increase by grocers since 2004. >>> facebook may be facing some serious competition. google's new social networking site google plus is making some real inroads on the web. google says they racked up 20 million unique visitors in just three weeks. >>> and it was a super hero that topped the box office this weekend. "captain america

economic fortunes around now we're joined by professor joseph chang from the city university of hong kong for his opinion on the situation there thank you for joining us professor chang what's the reaction been in asia to the latest spate out. well in the first place asia is quite concerned with the impact of the crisis on the health of the european economy and in turn on that of the world economy most of the emerging economies in asia and japan are high dependent on foreign trade in the case of china for entry concept deals almost sixty five percent of the g.d.p. so it is quite concerned on the whole these countries understand that their economies have to depend less on strait and more on domestic consumption on domestic investment in fact they probably have been trying very hard to diversify their trade. away from the traditional enough american and european markets and more to trade among themselves and with africa and latin america now many analysts worldwide say it's just a temporary cure or this and won't resolve the crisis would you agree with that i guess so i i think people in th

he at one point went from hong kong to japan to recuperate. he was the one that wanted to be an artist and wanted to paint. i thought about that because it must have been hard growing up in hong kong to be far away from everything and have a dream and get sick at this point. i thought u is there a story here? that's the way it begins for writers. people think things jump out and we have it in our head. it's the opposite we have nothing in our head. we turn on the machine and praying for something to come. with women of the silk i researched for 6 amongs and read and read and read. in one book i found 2 lines about the woman silk workers and knew immediately that's hai wanted to write about. it came to me like a dream that every writer prays for that you just knew you wanted to write about this. with the second book it was difficult i sat down and didn't know what i was going to write for about 6 months. which was fearful for me because of the fact i knew i didn't have the second book. steven's story, i asked myself questions. a lot of writers

all right martin have a good thank you very much indeed it going analysts talking to us from hong kong there thank you. to other news now the man charged with carrying out friday's twin attack in norway is due to make his first appearance in court to explain his actions thirty two year old outers behring breivik as admitted responsibility for a bomb attack in the capital and a massacre at a youth camp however he has denied any criminal guilt for the terror that claimed at least ninety three lives critics said he wanted to start a revolution to defeat liberal immigration policies have the spread of a song a bomb and also targeted buildings connected to norway's governing labor party and the youth camp on the toil island was also run by other norwegian law he faces up to twenty one years in jail for the atrocities himself described as gruesome but necessary investigative journalist tony gosling told her t.v. the case highlights a new brand of terrorism. anders breivik thought he was some kind of teutonic knight from medieval times because he's echoing the kind of crusader attitude and it

the nation's debt ceiling crisis over the weekend but secretary of state hillary clinton who's in hong kong during a tour of asia says she has no doubt an agreement will be reached before next week's deadline well let's discuss this with economic analyst martin is in on this one and again thank you very much for being here with us in the program so how realistic is this then for the republicans and democrats to to make a deal by the end of next week. frango speaking it doesn't matter whatsoever because the united states is essentially bankrupt in any case if they increase the debt ceiling actually as the chinese rating agency dugong has been saying even if they find an agreement and they increase the debt ceiling well what is going to be as a result more debt so if the u.s. has thirteen point five trillion off dead and that starts the nomination of the budget it's not even the fiscal deborah including all of the unfunded liabilities that the united states government actually keeps of the books and if you include this figure really a looking at two hundred trillion us dollar of it's absolute

. >> and from cnn hong kong, i'm manisha tank. these are the top stories on july 22nd. >>> now the real test is what do investors have to say about it. >>> deadlocked. debt talks may be little progress as a default deadline gets closer. >>> and the uk phone-hacking scandal takes dramatic new twist as james murdoch is accused of misleading mps. >>> before all that, a bailout and a default of sort. european leaders in brussels have reached a deal to give greece a second bailout. and as you can see, that's been pretty well received on the european stock markets. european policy makers hope the deal, which is worth almost a quarter of a trillion dollars will contain europe's debt crisis and give greece more breektding room. jim boulden explains. >> after more than seven hours of talks here in brussels, the leaders of the euro-zone, the imf and the european central bank have struck a deal that they say will calm the markets, will help greece, and will help the euro. first of all, they agreed to a second loan for greece, 109 billion eur

and i decided to leave hong kong d went to england.hat was a time, hong kong was still the colony, so england was the obvious place to go. you know, i remember i packed a -- a blanket, a wok that you can -- yourchopper, and a dicti. that's how i started. and i went to england. i was always ready to go back to china, because, you know, in the '80s, whiffs when i was a studn england, china was the exciting moment. you know, for someone who born d grew up in the cultural evolution, the idea china can change, can reform, can move on to something, it was just unthinkable. so i was all the time thinking how do i get back. >> rose: is there today in chinf we have come this remarkable distance, and that we will be the most powerful country economically and otherwise in the world in a short time? that sense of confidence and self-respect? >> i don't think so. i think it's far from that. you know, from the outside, you know, i hear friends talk about the rise of china, the confidence, you know, that politicians seem to be knowing what the do. in

even dumb ideas is what made hong kong thrive.hey've thrived and have few natural resources, hong kong is just a rock in the middle of the ocean. don't have democracy, they were ruled by the british for years and the communist chinese is now in charge. most brits and chinese largely left hong kong alone and left alone, free people make themselves rich. an amazing story in just 50 years went from horrible poverty to income levels that are among the highest in the world. prosperity, thanks to economic freedom. we should try that here. that's our show for tonight. good night. the nascar natio, i know pleasing fans is a top priority, 'cause without the fans, there'd be no nascar. just like if it weren't for customers, there'd be no nationwide. that's why they serve their customers' needs, not shareholder profits. because as a mutual, nationwide doesn't report to wall street, they report to their customers. and that's just one more reason why the earnhardt family has trusted nationwide for more than 30 years. nationwide is on your side

kristi will you stout from our bureau in hong kong. we go live to rob marciano in the weather center in atlanta. good morning. good to see you back. what are we looking at in terms of flight delays? >> typical summer weather. the big heat wave conditions across sections of the country. around that pockets of thunderstorms may slow you down in charlotte, st. louis and kansas city. denver and parts of eastern colorado seen their fair share of thunderstorms the past couple of days. low clouds and cooler in san francisco and on the windy side. here is your heat wave, heat advisories and excessive heat warnings, kansas city, through lieu izzville and nashville as well. temperatures will feel like well up and over 110 degrees, 115 degrees, dangerous levels of heat and humidity and the cool front that will cool some folks off will only get so far south and that means that folks who live in the deep south will continue to be hazy, hot and humid. be careful what you say about dunkin' donuts, ali. people who are up at this hour love it. >> dunki

they already do it in south korea, hong kong and many u.s. states. but japan lags behind. many japanese investigators still believe the system will hinder obtaining a genuine confession. the supreme public prosecutor's office is now introducing a trial period to test its efficiency. i think a full action of recording interviews will be the quickest way to regain public trust. >> thanks, koji. appreciate it. >>> hello again. time for another look at the weather. into eastern asia the northeast will be unstable into the weekend. heavy rain once again targeting the korean peninsula. actually south korea will be seeing maybe another additional 100 millimeters of rain into the next 24 hours. you add it to the 100 millimeters they just received and there will be a high risk of flooding and landslides. northeastern china with ongoing showers and thunderstorms moving through and northern japan will be seeing showers. we have the front line moving through. the rest of japan, mostly clear and dry. very, very hot though. we may see thunderstorms popping up in the heat of the day, esp

she told the "new york times" she'd seen him ever time he went to hong kong.rose: so when you told her that the "new york times" says you saw him many times she said "that's not true?" >> i only saw him in the hotel room the one night with my girlfriend and bibi a bow sew and nixon. however, there were other accounts wch, you know, also said that she was close to nixon. ... and you know i don't come away from that knowing the answer and nixon w certainly not somebody who had a reputation as a laes man, far from it. but j. edgar hoover, of course, loved that kind of gossip. there is a document. >> rose: he loved that kind of information. >> he did. >> rose: it's where his power came from. >> there is an f.b.i. documents which reproduced in the photo section of "tiger trap" in whichs he evidence says that she was a "regur bed mate" of xon every time he came to hong kong. >> rose: let me turn to a timely and current subject, cyber warfare. the chinese are interested in that. >> yes. >> rose: the u.s. is interested in that, cyber command, general keith alexander a

firms such as micro devices and sand desk in hong kong and firms are benefiting from higher fruit. one hour ahead of the opening bell here in moscow the russian markets and it's thursday session in the black following the games on wall street have a look at the index movers on the my six energy stocks were on the rise with gazprom adding almost two percent banking stocks were also training in the positive territory. bank was up around one percent and tom continued to rally on speculation it could be completely sold to private investors. while russian markets are yet to price in the greek deal ron nash from verdun capital expects the stocks to join the global rally. going to be digesting yesterday's announcement it looks like it's good news to the governments of managed to find some reason be credible solution at least temporarily. feel as if they would not be able to do that so i think it's going to be a risk. before hopefully in coming weeks we can move to a situation where people actually look at russia for russia reasons rather than what's going on in europe but you know tempora

. >> translator: these are from hong kong, and these are from the usa. they sent me lots of stickers. >> reporter: today, she's divided the class into teams for a game. when the game is over, each child receives a sticker. thanks to her devoted efforts over the past month, the kids are starting to smile again. >> translator: it's easy to understand and interesting. >> translator: i'm so happy i got a sticker. it's fun. >> translator: i want to go abroad and play with all kinds of people. >> translator: what i try to do is get the children to understand that we are all leading the same difficult lives as evacuees. my message is you are not alone, so let's get through this together. >> reporter: alison's attempts to make her students smile are helping the children through a very uncertain time. >>> earlier we spoke with alison on the phone. she lives in fukushima prefecture. >> alison, thank you so much for joining us. >> you're welcome. >> now, teaching over 500 kids all by yourself must be very hard. what keeps you motivated? >> through my lessons i hope

boost its image in europe that's according to professor joseph chain from the city university of hong kong. is quite concerned with the impact of the debt crisis on the health of the european economy and in turn on that of the world you can me people in this asia or indian found most rational you can miss understand that you need an overhaul you need tough measures and this requires political will and a willingness to sacrifice on the part of all parties concerned certainly germany and france are under a lot of pressure whether the french and germans are willing to foot the bill of the european union countries in economic difficulties is a serious matter of concern to weaknesses of the your role and to some extent the weaknesses of the u.s. dollar are perceived as opportunities for the time because of the substantial foreign seems reserves it may be tempted to invest and there are some bets. from the european union the first place to demonstrate its support for european union. will demonstrate its. status as a responsible stakeholder. nationally but are still to come on the program a skele