there was so much hong kong to explore.lamorous city of 7 million people with business on its mind. but it was also asia. culturally alien for some westerners. after a long day, the kissel's could retreat to parkview towers, like america under glass. >> it is like disneyworld, kept green areas, pools, waterfalls, restaurants, tennis, driving range. >> so it has all the resort amenities? >> it does. the tragedy is you can live at parkview and not have to leave. >> this american lived there at the time. she never met the kissels there, but understands the initial giddiness they would have felt in the shiny new world of limos, world class shopping, and endless pampering. she also knows the darker side of the adventure. >> what you find out is the husbands are never home, even ones that don't travel. they leave early in the morning, and come home late at night. if they're entertaining clients, it's even longer. >> so the woman is isolated in many cases? >> yes, the women and children are isolated. >> there's only so much you ca

the chinese president arrived in hong kong international airport on friday. about 300 children were on hand to welcome him. hu told reporters that the territory has prospered under china's one country, two-system policy. he emphasized how hong kong has made various achievements in the 15 years since the former british colony reverted to chinese control. >> translator: during my stay, i hope to see and experience everything that has been achieved by hong kong's latest progress and prosperity. >> the leader is to attend anniversary events and the swearing in of hong kong's new chief executive long chung ying. security is especially tight. activists are girpg for mass demonstrations on the weekend against the mainland regime. their demands include early direct elections for the post of chief executive and improved human rights conditions on mainland china. >>> it's been a wonderful day here in tokyo. but a storm building up in china. robert speta has the details. >> we do have tropical storm doksuri here push off to the west. starting to see heavy rainfall pushi

tens of thousands of candles lit up a park in hong kong. the people holding them came to remember the victims of the crackdown in tiananmen square. they were commemorating the 23rd anniversary of the protest in beijing. the event organizer says 180,000 people took part in the vigil. police put the number at 85,000. participants called on chinese government officials to change the account of the events. the official story says a group of students provoked a riot. the demonstrators demanded that chinese leaders do more to improve human rights on the mainland. the media spotlight on chen quan chen has increased scrutiny of those issues. the human rights activist fled house arrest in april and then moved last month to new york. communist party officials are preparing for a change of leadership this fall and the government has been cracking down on pro-democracy activists. >> translator: i feel the chinese communist party is also tightening its control over the people of hong kong. we have to strongly oppose this. >> about 600 young people joine

. >>> investors find relative safety in hong kong. they like its sound banking system, the flexibility of its markets and it's ties with mainland china. for a wrap-up of stories from the region, here's jamie uhn. >> the hong kong labor market has improved slightly for the second consecutive period. unemployment fell to 3.2%. down from 3.3% in the period february to april. employment growth has outstripped a rise in labor supply. the hong kong authority says the employment situation remains a challenge with downside risks stemming from the european credit problem and uncertainty about economic recovery in the u.s. beijing's bureau of human resources and social security is advising companies to increase wages this year in the range of 4.5% to 16.5%. the advice is the guideline only and based on current levels of economic development, leaving costs and the employment penetration in the city. wages in china continued to rise and its reputation for cheap and plentiful labor is changing. next we have a feature story. macau is a paradise for

that wraps up our report from hong kong. back to you in tokyo. >> and that was jayme ng in hong kong. >>> two more business stories for you -- japanese beveragemaker suntory holdings is extending its grip on the world's biggest beer market with tsingtao brewery. the two firms will set up a joint company by the year end, at earliest. the new entities will sell beer in shanghai and neighboring areas. the japanese firm already holds the largest share of shanghai's beer market but says price competition is heating up. suntory says the tie-up will help improve efficiency and extend its reach in the lucrative beer market. >>> nissan's electric car, the leaf, will be launched as a taxi cab in brazil on a trial basis. two units will go around next week. the largest city in south america. the cars are zero emissions shown on the outside. the city officials say these cars would be the first electric taxi cabs in central or south america. the mayor took a ride to experience the quiet comfort. sao paulo plans to add eight units by the e

and hong kong stocks up a whopping 2.2%. same deal with the nikkei, jumped 1.5% to close above 9,000. the kospi powered nearly 2% higher and the south korean rallied to its strongest rally. the australian market was up 1.2% but the afx 200 lost 11% for the fiscal year. sensex showing a lot of momentum up nearly 2.3%. overall a pretty positive trading picture to start off the weekend. back to you. >> an important word coming here out of angela merkel, silvia said she would start head back on some things. angela merkel just said each esm bank recapitalization, each one will need unanimous approval. they will put the hurdle rate fairly high for the esm to come in. each one will need to have separate approval. they will set the hurdle rates quite high. >> that's why we got these statements overnight about what leaders abreed to, today is just as important because you'll watch the politicking, you'll watch each of them win concessions from one another. these comments from merkel may be part of that. >> we'll take a short break. s

a record number of people in hong kong marked the 23rd anniversary of the government's violent crackdown in beijing's tiananmen square in 19 89s. the event organizer says 180,000 people took part in a candle light vigil on monday. participants called for the chinese government to change its account of the incident. the official story says a group of students provoked a riot. the demonstrators also demanded chinese leaders do more to improve human rights on the mainland. the recent media spotlight on blind activist chen guangcheng who fled house arrest last month has brought greater scrutiny of china's human rights issues. >> translator: i feel the chinese communist party is also tightening its control over the people of hong kong. we have to strongly oppose this. >> the government has been cracking down on pro democracy activists as it prepares to reshuffle the bureau standing committee this fall. >>> delegates from the international atomic energy agency will resume talks friday with representatives of iran. the head of the nuclear watchdog says he hopes to restart an investigation of th

ok more and i'd like to go back to you in hong kong or. where is this in china's playbook here i mean do they want to the their currency to be is just as important as the dollar at some point is it challenging the dollar or is it just want to be part of the game just a bigger part of a bigger part of the proportion of currency that is being used in the world. yeah of course they want to increase the influence of the name be. clear because vis a vis the currency influence also comes political influence to go together and of course the u.s. has been using the willingness of other countries to accept the dollar. as a way of living beyond their means just by printed money so if other countries accept your currency as a reserve currency then for for some time you can just print and don't have to work that hard so that's a great advantage to any country to have but it was mentioned us before it's also true that you always have to look at relatively rich currency globally it's better you know the chinese renminbi has way to go probably to increas

equities in hong kong followed suit. investors were reassured saying his resignation was for personal reasons. the nikkei ended flat ahead of the greek vote. central bank intervention hopes hoped the australian shares today gaining 0.4%. the overabanks rallied on the t expectation of a meeting of the rba on monday. >> and everyone just looking ahead to events in greece this weekend. voter gearsing up to head to the polls on sunday. the vote widely seen on a referendum of the euro zone. reports say secret polling numbers are circulating around markets and driving markets higher. joining us is julia in athens. where do these secret polls come from and what's been the implication? >> most of the polls now are seeing new democracy in the lead ahead of syriza. in the past syriza was four percentage points ahead. yesterday markets ended up ten percentage points. people on the on the undersided numbers, which is around 20%. what we saw in the last election is undecided people did block to syriza. the key takeaway is this electi

he at one point went from hong kong to japan to recuperate.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 do that

japan was overtaken by singapore and hong kong in the 1990s. the economist says on this benchmark south korea will become richer than japan within five years. the key point to take from all of this is how quickly, how fast this change is happening. shifts in economic power and population will change how we look at the world and our current trends. this is a reality we will be living in the not so distant future. >> soichiro, thank you very much. >> you're welcome. >>> for an update on the weather forecast, here is mai shoji. mai? >> we have been monitoring the typhoon mawar. it looks like it will be nearly grazing the pacific side of japan. so winds are going to be packing up to about 108 kilometers per hour. that will be picking up the waves along the coastal areas of the pacific side and it will be impacting the isu islands, moving ever so closely towards it. it will be bringing those waves up to about 6 meters high in some locations, so please do stay away from the coastal areas. and just around the pacific side, things are going to be very

fedex in hong kong investigated and found it did nothing wrong. >> it was scan that hong kong at 3 pound. >>reporter: fedex and united states also said there was no mishandling here. >> i ask them to explain to me why one form said 6 pound and the other said 3. they could in the answer me. >>reporter: so scott contacted 7 on your side and we contacted fedex and it did look at that evidence. >> less an weak later they called me back up again and said we are going to cut awe check for the missing i-pad. >>reporter: fedex did just that reimbursing scott 7 98 dollars for the tablet computer. the company tells us fedex takes these matters seriously. we know our customers trust to us handle their important shipment with care. this incident is disappointing and doesn't reflect on the millions of shipments we deliver on time and damage free every day. we regret we have been unable to electricity his shipment that worked with him to resolve his claim based open the information he provided us. >> i'm very thankful for that. very thankful. >>reporter: lesson here is keep all your shipping documents

japan was overtaken by singapore and hong kong in the 1990s. the economist says that on this benchmark, south korea will become richer than japan within five years. the key point to take from all of this is how quickly, how fast this change is happening. the shifts in economic power and population will change. how we look at the world and on current trends this is a reality we will be living in the not so distant future. >>> stargazers pulled out their telescopes and special glasses today. they did that last month during a rare solar eclipse. this time they are watching another spectacle known as the transit of venus. people in japan are able to see venus slowly crossing the surface of the sun. the event occurs when the sun, venus and earth line-up. people last saw the phenomenon in 2004. the next chance to view the transit of venus from anywhere in the world will be in 105 years. >>> many in tokyo, including myself were hoping to see the transit of venus today but unfortunately the weather isn't cooperating. sayaka mori has the world weather p

. >> scott says he helps a friend making computer accessories in hong kong like this ipad cover. and scott sends them from here before they go on sale. >> and he bought two ipads and packed nem one box and shipped them. so he was surprised when his friend called to ask where there two shipments? >> i said no. two ipads in one shipment. and he said there is only one here. >> one was missing. and he could only reach one conclusion. >> someone must have gone in there and opened it up. and took one out. >> this package label did reveal the contents. but how could he prove only one was in the box when it arrived? well, he found i great clue. >> and how much it weighed whit went out and how much whit came into hong kong. >> take a look. the commercial invoice filled out in san francisco shows it weighed six pounds, noted here six, however, the fed yechl tracking record shows it weighed just three pounds in hong kong, fed yechl and hong kong investigated and found did it nothing wrong. >> and this is scanned in at three pounds. >> fed yechl and the united states said there is no mishand

trade in hong kong.lthough the hang seng index has risen 4% since the lowest point earlier this month, analysts say interest is caution and why china's mining priced in the low end of this range ahead of its debut on friday. >> thanks. >>> joining us director at clse. thanks very much, frasier, for joining us. we've seen a sort of decline in ipos. what do you make right now of sort of investor confidence? >> well, i think it's very low. you can see basically all of those deals not outright canceled have cut back or priced at the low end of the range. so, confidence is clearly low. how could it be otherwise? confidence lowly, low confidence in asia, low confidence in china so it's hardly surprising they come in at the low end. >> to what extent will this support hong kong's desire to steal business away from london, new york? >> well, i think -- you know, it's not zero sum game. there's plenty of room for everybody to benefit. hong kong sees itself as primary offshore listing or nondomestic venue for main

the festival is a local custom dating back to the 1600s. >>> in hong kong, troopers are taking the plunge. members of a paratroop brigade in china's air force rehearsed their parachute jumping performance, all of this in celebration of the 15th anniversary of hong kong's return to china. once every five years the paratroopers impress spectators by leaping out of the helicopter with a display of ribbons, smoke, and flags. >>> and, finally, one super fan in germany is geared up for the euro 2012 soccer tournament. the dedicated supporter of the german soccer team has dedicated his entire house in the team's colors. he said it all started with a few flags in 2002, but the collection has now grown to value over $2,500. this fanatic now awaits germany to take on italy in the semifinals, and as our resident soccer expert over here can tell us -- >> spain and portugal, and then tomorrow we're going germany/italy. >> really. >> and the two favorites are going to be most likely germany versus spain. >> did you know i was going to do this story? >> i did not. >> you are faking being a soccer expert

who is head of wind energy research and new energy finance of hong kong. we appreciate you being here very much. mr. alan wolff who is senior counsel. we appreciate you being here very much mr. clyde presowitz, president of the economic strategy institute, we appreciate you being here. mr. dan holiday, director of advanced technologies and pv programs, thank you. dr. derek scissors, the senior research fellow at the heritage foundation, thank you for being here our approach is to have each witness take five or six minutes and summarize the main points that you think we should understand from your testimony and we will include your full testimony and if you can try to give us the main points, that way we will have some time for questions. why don't we just introduce people. mr. wu, why don't you start. >> thank you very much. good morning. it's an honor and privilege. i join you in my role as an analyst, a division of bloomberg focused on a clean energy sector. our group provides actionable data on investment, technology, and clean energy. in addition, they

his winnings include a truck and a trip to hong kong. >> did he go to hong kong? >> i don't know.nly saw it like two days ago. it was taped last year. still, congratulations. >>> we're down to 80 now. dew point is up to 69. humidity, 69%. the barometer, set it at 30.00 inches. it's holding steady. temperatures are around 80 here. and the coolest spot, 70 in oakland. d.c. still at 86. it was a hot one today. how hot was it? that's how hot it is. 98 degrees, the record 100, and the average is 85. tomorrow, maybe a west- northwest wind. it all depends on how humid it will feel tomorrow. those dew point temperatures may be in the mid-60s. we can get very close to the record of 100. to the south of us, rain in south texas and a disturbance in cuba. could become a tropical depression in about 2 days. we're going to watch that for you. a lot of rain right now. to our northwest, a front caused all that rain in minnesota, now moving into canada. along that front, pretty nice batch of activity moving across the ohio valley by later tomorrow. it would be in our region on friday afternoon. bi

definitely we've seen in hong kong they're building up their markets in a similar fashion to what we have in the u.s. but at a much more rapid pace almost at the same pace you could draw an analogy between how fast china industrialized and what they're doing now with their financial markets so they're building an exchange system in hong kong which. h.k. mix and they're having their own clearing to a degree but they're also employing l c h clear in the west so there's an axis being drawn from hong kong to london to new york that's combining the the two hemispheres of earth and they're going to give singapore and tokyo a run for their money so here is the new economic geo political landscape that you're saying that there is and possibly more than this central banking currency wars but on that note should we be very concerned that these top global central bankers are all so ready to act together i mean what could this voltron force speak a bubble of in the face of a crisis. where we saw a hint of the before when they acted in two thousand and nine and again in two thousand and ten we sa

hong kong's hang seng dropping 452. in london, the ftse is closed today. the do you fell 336 points and the nasdaq falling 90. >>> bank of america share holders say the financial giant held out of them. they knew in advance the acquisition of mer lil lynch would create huge losses and they did not disclose it to share holders. >>> there was a surprise at the box office this weekend. the fairest of them all, at the movies was "snow white and the huntsman." it did much better than expected, opening with $56 million in ticket sales. "men in black" did about half that. and "the avengers" was third. >>> even some of the interns at facebook are making big bucks. business insider reports some interns are paid almost 75 grand a year. that seems to be the going rate to lure top talent that might otherwise choose more established companies like google. 75 grand as an intern. >> that's 75 grand more than we made as interns. we made this much. we had to pay them to do our internship. >> we could have picked a different career looking back. >> wow. >> hindsight. >>> dr

hong kong with a high of 29. off towards the east tokyo a high of 25 going into your thursday. in the americas texas and oklahoma here you are going to be seeing rough weather. yesterday several reports of tornadoes. today it does look like this frontal area will continue to push off towards the east. tornadoes, large hail to golf ball size and 100 km miles per hour winds. heavy rainfall will be occurring. northern florida you have been seeing record breaking floods here and more rnfall coming out of this continuing to exasperate the situation. as the whole system pushes to the east drier and breezier air behind it. this will be making fire weather especially dangerous. you have these fires blazing in colorado. as this continues to stir up the atmosphere you don't want to be burning anything else. you want to leave them alone for the time being. as far as temperatures 32 here in denver. phoenix 42 for your high. atlanta at 31. miami up to 33. this will be accompanied by afternoon rain showers. in europe several low pressure cysystems have been bringing hey rainfall. this is pus

if it recognizes is heritage and destination and get away place for people in mainland china or hong kong, southeast asia. >> reporter: in the -- say the biggest challenge for business is helping to diversify is changing macaw's stereotype as no more than a gaming destination. >> first of all, is the public-private collaboration, how do we work together on issues of hr challenges? on branding. establishing a macaw brand that all sectors that buy into. that's very important. >> reporter: figures show that for the first five months of this year, gaming accounts for over 80% of gaming income. >>> and here are the latest market figures. >>> delegates from iran and six major powers have met three times in three cities since april. they can't agree on what to do about tehran's nuclear program. western officials want scientists to stop enriching uranium to a concentration that could be easily altered to make nuclear weapons. iran's delegates asserted their rights to enrich uranium for peaceful purposes. catherine ashton says experts will meet in two weeks to discuss technical matters. >> it rema