become residents of hong kong. we are just saying that they do have the same rights. they can apply after continuously working in hong kong for seven years. that is number one. no. two, according to our knowledge, because we work closely with nearly all of the margaret domestic workers in hong kong and their organizations, we know a number , a very fewmbers percentage say even if they have the rights, they will not want to become permanent residents of hong kong. even if they have the right, the people who apply in use the right will be very small. only race issue. it is also a gender and class issues. .hey are domestic workers they generally have been looked down upon. valueic work has little in the eyes of most people. people think you are just domestic workers. why do you want the same rights as a teacher or financial officer? we should not be treated the same. about race, class, and gender. >> we are in moscow next to find out what russian investors think about the bailout bill to stop cyprus from going bust. w

we are unhappy because the hong kong government treats us unfairly. this is discrimination. >> in 2011, hong kong's lower court ruled that the filipino pair had the right to seek permanent residency in the state. the case has been the center of controversy. critics say granting residency would bring an influx of more foreign domestic helpers, which could strain the densely populated city's social services, health and education systems. >>> emerging economic powers still struggling with poverty. citizens still demanding democracy. the threat of violence, the push for peace, and the shadow of conflict. get news and insight every weekday "live from bangkok." >>> german politicians are reconsidering their plans for a permanent nuclear waste storage facility. people living near the proposed site have expressed strong opposition to the idea. the site right now is the only location being considered. residents are concerned the radioactive waste could contaminate ground water. environment minister peter altmaier says the government will form a panel to review

i'm working in hong kong. and over the past decade and more i have shuttled frequently between the mainland, taiwan and hong kong. i know that people want to get a full understanding of you as a person. you have worked your way up from the lowest level of chinese society to the highest echelons of government. can you talk about your personal experience and your personal philosophy? [speaking chinese] >> translator: thank you for the plight reminder that if i raise my hand to freakily, people will focus on my body movement, not what i say. [speaking chinese] >> translator: but you asked a question about the three places. these can raise a lot of emotions within me. [speaking chinese] [speaking chinese] [speaking chinese] [speaking chinese] >> translator: in 2011, i made a visit to hong kong here during the trip, announced the central government's policies for supporting hong kong's prosperity and deepening cooperation between the mainland and hong kong. you described these policies as a large gift box. i think

not just eighty four million dollar home sales so this is a home in hong kong max that sold for eighty four million dollars this past week and previously sold in two thousand and six for twenty six million dollars almost tripled in the last six years all the people have the same thinking according to one long thing a real a star in hong kong he said that the government cannot do anything about home prices as long as there is quantitative easing around the world people think the price and hong kong will always go higher so he was talking about a new tax that hong kong has introduced a fifteen percent on foreign buyers and of course this home was sold to the mainland chinese investor they don't care about that fifteen percent tax because they think they're betting on the quantitative easing continuing right well let's talk about on congress state or the real estate in london or the real estate in new york and prices keep going i and i are the governments are becoming more and more bankrupt bernanke to keep floating claims that can't possibly be met so the government will be confis

a group of 160 tourists left hong kong on monday morning. the tour was organized by a local travel agency that knows the tourism potential of the region. the group will spend the first three days of the six-day tour, viewing areas that are being rebuilt from the disaster. they'll also take a boat ride along the scenic coastline to try their hand at making local pottery. then they'll fly off to the northeastern -- or the northernmost prefecture of hokkaido. >> translator: i want to support japan. i'll spend money there. i want the people to know that hong kong supports them. >> translator: two years ago i was frightened after i saw footage of sendai airport being overrun by the tsunami. now i want to see for myself how sendai is recovering. >> hong kong tourists represent the fifth greatest number of visitors who come to japan. but the number of hong kong people traveling to the north eastern tohoku region still remains at just 20% of what it was before the disaster. >>> now let's get a check and see what's happening on our global economic an

the women have been working in hong kong for more than 20 years. foreign domestic helpers are told from the out set that admission of hong kong is not for the purpose of settlement. foreigners would normally qualify to become permanent residents after spending seven years there but domestic helpers don't have the same status. >> it's regrettable that the opportunity has been loss on this occasion to strike a blow for equality and nondiscrimination. >> hong kong is home to nearly 300,000 maids from asia and south eastern countries. >> translator: why are our contracts different from other foreigners. we are unhappy because the hong kong government treats us unfairly. this is discrimination. >> the lower court ruled in 2011 that the maids had the right to seek permanent residencresidenc. critics say granting residency would bring an influx of more foreign helpers. they say that could strange the social services, health and education system. >>> police in south korea say clues from a cyber attack last week on major banks and broadcasters point abroad.

hong kong is such a tiny territory. residents here feel they're already fighting for resources with their mainland cousins. they're fighting for spaces for hospital beds, as well as school spaces and living quarters. they say there's no room left for foreign domestic workers to jump into the competition. hong kong prides self in being one of the most efficient places in the world. it cannot happen without this army of foreign helpers. the chinese territory has better laws to protect domestic workers compared to other asian nations. but today's court decision shows that judges are not willing to extend those rights. >> the people of venezuela go to the polls next month, it won't just be the presidency that's at stake, but a struggle between good and evil. that's how the venezuelan opposition leader at least has characterized the choice. just weeks after the death of hugo chavez, the race is on to elect his successor and as will grant reports, this is a bitterly fought contest. >> hugo chavez's devoted followers almost ne

will always go higher so he was talking about a new tax that hong kong has introduced a fifteen percent on foreign buyers and of course this home was sold to a mainland chinese investor they don't care about that fifteen percent tax because they think they're betting on the quantitative easing continuing right well let's talk about on congress state or the real estate in london or the real estate in new york and prices keep going i and i are the governments are becoming more and more bankrupt bernanke to keep floating claims that can't possibly be met so the government will be confiscating those homes. the government will be confiscating those homes in new york in the city of london the government will not be confiscating bit coins that's a huge difference between point and having a fake a loser well tied up in a piece of real estate back in the one nine hundred thirty s. of course america under roosevelt confiscated gold well they can't confiscate bitcoin it's it's immune from government stupidity which is what's making it drive even higher so if you have a five million dollars

>> we would be looking at midcap hong kong. we think the chinese economy is going to surprise to the upside. we think germany is going to surprise to the upside. we'd be big buyers of poland and turkey, those markets tied to that industrial growth in europe which we think is going to surprise. >> poland had a pretty rough first quarter, but you think as europe comes back, it will pull poland and some of the other emerging countries in that part of the world along with it. >> exactly right. poland is the largest economy in central europe. they were first into the euro. so they've gone through a lot of those teething pains. they kept their own currency which gives them some mormon tear flexibility. it's a very good, established market with a lot of domestic pension activity. it's a great place to invest. >> let's go to cyprus now and a country that is near to it, and that is turkey. that is a country that you like going into the future. >> yeah, we saw s&p upgraded their sovereign debt today, improving environment there. we think

but there was a market debut in hong kong. in japan, the nikkei snapped its eight-day winning streak, ending marginally in the red. exporter stocks ended mixed. while the yen has weakened against the green back, the financial stocks retreated earlier on mormon tear easing. south korea's kospi eased 0.5% weighed down by a weaker yen and a geopolitical risk on the peninsula. tracking the losses reversed early gains to end lower by about 0.6% with resources lagging behind after goldman sachs downgraded the sector. india's sensex is still on the move, but reversing early weakness now trading along the flat line. back to you. >> sixuan, thank you for that. the dow has extended its winning streak for eight days now. where does it go from here? let's ask gina sanchez. are you still bearish? roubini, maybe not the most -- maybe not the guy that's going to tell you, yeah, stocks are going to the moon from here. >> newerel has been positive on stocks here at the beginning. he's been warning of some disappointments later. but you've had

nine from hong kong were killed, and among them were two from the u.k. we have heard her emotional tribute to them from family and friends and colleagues who worked with them. but there was another couple from scotland. michael was the only survivor of the tourists. he hasn't been discharged from hospital, and he is on his way back to period of time. but his wife was called. he called yvonne his rock. he said she was my friend, my shoulder to cry on. she was my world. he also thanked representatives from the high commission or embassy here by thomas cook and other people here and cairo. he gave condolences to the families of the other victims, and some of those are represented here today. >> now what is the link between the chicago bulls and north korea's new leader? love the basketball it turns out. north korea usually shrouds its leaders in secrecy, but not this week. stayed media has been publicizing between their youthful leader, and a retired american basketball player, dennis rom. for more on this pairing, i spoke with blake, the managing editor of

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

about a month later these investors from hong kong who represented the private fund of the hong kong billionaire-- they reached out to me. >> rose: how did they know about you. >> so what had happened is i had released this application. and i had gotten fortunate in that apple had obviously seen this as being distinct novel idea. >> so tech crunch and a few wloing-- blogs began to write go it, with the tech crunch article this is the article that the hong kong people read. i stayed up in london for it to come out. and i ended up staying up until 4 a.m. london time. now the article was originally meant to come out at 8:00 p.m., the night prior. now 4 a.m. london people is perfect time in hong kong, about lunchtime, right. and my-- i would say it was funny but my theory is if it had gone out when it was meant to hong kong would have been asleep still and probably wouldn't have got then front of-- and it really is one of those moments where that event of that person reading it and reaching out changed the whole course of sumly and basically my life so again it was one of those weird, fa

after he had already spent two decades working in the royal hong kong police force in addition to 10 years of business management and international project financing consultation. and i'd like to ask him to come up to the podium. and if you don't mind, i know we have a couple of members who help run our police department. it's good to have our chief of police, chief sur here, his deputy chief, mike beale here, the two of you might want to come to the podium. i might ask you to say a few words for our honoree. for those of you who do not know david, over the past 15 years as the public safety coordinator for safe, david has organized countless multi-lingual neighborhood watches city-wide making safety presentations personal safety, senior safety, home safety, vehicle safety, child safety, fraud and identity prevention and disaster preparedness events. he's facilitated countless community town hall meetings. he's organized and conducted multiple city-wide drills and public safety awareness events. he has also been absolutely instrumental within the chinese community helping to educate

temperatures will be rather warm, hong kong with a high of 23, average for this time of year, upwards of up 15 degrees here. by the end of the week it starts to rebound back into the 20s. in the americas it's much clearer weather. there is still a few lingering showers here around west virginia, kentucky, and tennessee. look at the rest of the area. a big classic case of a polar high. unfortunately it did drift very far south here, and for many of the farmers across the gulf states, you are definitely watching your crops closely the next few days. freeze warnings, fire weather, and something to watch here. the good news is things are warming back up, by the end of the week it will be back into the teens. that high pressure will be helping out for some time. let's take a look here into europe. you have that easterly wind coming in from the east, moving over the warmer waters, and it will pile up about five centimeters of snow. down to the south, you can see about one to two centimeters. nothing to extreme. where we want to see all of the rough weather is down here towards the south. yo

hong kong, 24 for your high. bank cook, absolutely sizzling -- 38. beijing at 1.okyo, that warm-up starting to push in place on your thursday, 19 here for your high. now over towards the americas, things are very, very coal here in fact. actually we're seeing high pressure pull in from the north and what that's doing is dropping down the temperatures. clear weather at least and actually dry. so dry that we actually have fire weather warnings in effect across portions of florida. but this is going to be causing very cold overnight temperatures. it is going to be warming up through the next several days during the afternoon and evening hours but once you get back through the overnight it is clear skies, all the heat gets lost an temperatures start to drop below freezing. we're even still seeing snow showers lingering across portions of the appalachians here. chicago, a high of 6. through the end of the week, it will warm up into the teens. the problem with that is that we just had our most recent snowstorm all the way from the plains extending out through new englan

it should be fine and settled in shanghai and hong kong as well. temperatures in hong kong not anything to write home about, only 22 degrees, which is 72 in fahrenheit. mostly in the far south, in sri lanka, it has been very wet recently, but some places reporting over 16 millimeters of rain or a more wet weather still to come as we head through tuesday. in fact, on tuesday, it looks like that wet weather will be spreading north. some ofhing -- >> link tv. >> will come back. kenyans are voting in the first general election since 2007 when widespread violence broke out and made accusations of vote rigging. scientists in the u.s. say they have taken a step towards a cure for hiv, achieving the first functional cure of hiv in an infant. but they are warning that so far it is based on one case. at least 45 people have died in a car bombing in southern pakistan. more than 140 others were injured. a bomb exploded outside a shia mosque in karachi on sunday. pakistan says provincial assemblies will dissolve. speaking to al jazeera, the foreign minister sai

he said the bonus cap proposed doesn't put moving headquarters to hong kong back on the agenda. they're still assessing the impact of the new rules. that is one of the fears, ollie, is if you can't -- anybody in europe can't pay their guys, it's not even in europe. can't pay their guys in new york or hong kong or singapore, what american banks, local banks be paying their guys? how much of a disadvantage does that put them at? >> i think actually the question is how will it be implemented and how far ranging will it be? this sort of mirrors what we've seen the ongoing debate since i think september 2011 which is the discussion of the financial transaction tax across europe. and what you see there is that all transactions, both parties to the transaction will have to pay a small fee to the government that they represent within the e you. but it doesn't matter where that is traded. you could be a u.s. bank trading in french shares and you would have to pay the tax, for example. so bringing this back to the discussion of bonuses, which i can't believe i'm talking about with you on

looming power shuffle in china joining me for that is dr benson wong the assistant professor at hong kong baptist university thank you very much for your time dr wong my challenge is global today you can largely do you attribute it to its economic prowess but with the growth slowing do you think beijing's influence is under threat. to beijing. expresso the government. used in the movie paul mones shoes they do but people thought it was like you so are you going to government would engage in a number or. so to keep the good number. be incoming president xi jinping is seen as a bit of a reformer do you think he really can make a difference. i think i see it we do a typical it's about how to make the economic growth of things about in other words given the fact that in the past maybe one or two years given of d.p. for most of the imports. exporting to other countries may not be so he thought about the o.t. has to think about how to firdos the mini the local. consumption there is trying to stimulate the domestic consumption to keep. the economic growth in the continuous manner and what about

your thoughts there professor chang we do have to leave it there superfecta joseph chang at the hong kong city university. rebelling and total meltdown at one time in my bag in a few minutes we report on the most hunger strike that's broken out at the infamous facility with prisoners apparently revolting over rampant abuse by go. wealthy british style holds. on to. the british. market why not. find out what's really happening to the global economy in cars a report on. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are old today. welcome back there has been another night of protest in brooklyn hundreds gathered on the streets to vent their anger for a sixteen year old black boy who was killed by police officers claim the teenager pointed a gun at them before they hit him is several rounds some are accusing the police of systematic racism while racial equality activists colleague dick says authorities in america have got their priorities all wrong the police whenever they murder or chill a black

well let's now talk to professor joseph chain a political analyst at hong kong city university mr chen can you hear if you firstly there is mr chang the first question what signal is china sending out to the world by choosing russia for its leaders first overseas visit do you think. typically when china feels pressure from the west it turns to russia and a third world chinese official think hang researchers would like to use would like to use the word balancing that and confronting the united states because certainly china student needs a good relationship with the united states because he is still the mond say peaceful international and roman to concentrate on his modernization but certainly you would like to balance against the united states return and asia strategy balancing strategy which fully exploited the engine strategies of china which worries about time as assertiveness in years to retire ruled his fields but he talked about balancing the edgy think that china actually has to bolster its relationship with russia a lot more in order to achieve that balance well both countries

detroit should be the hong kong of the midwest. he's absolutely right. how about that?everything up. >> just blame the bankers. this is what happens when bankers run roughshod over folks putting up the money. jim's idea is a good one. the idea of a tax-free zone, creating a hong kong environment of growth, is a great idea. asking people who make sacrifices what are counting on pensions, taking those things away from those folks is pretty unfair. >> they bankrupt the city. >> they didn't bankrupt the city. >> this is like wisconsin, indiana, like ohio. >> the workers -- >> the worker's paradise of detroit. unionized worker's paradise bankrupted the city. >> workers did nothing but trust union officials to negotiate deals. >> they sit around the same table, say the same thing, elected officials work for the unions. >> blame banks, political leadership, even perhaps some union officials. >> one cheap shot. these bonds that the bankers sold, these bonds that these goofy bankers sold, the subprime version of municipal finance is it not? i give you the last word quickly? >> o

and hong kong business communities are probably players and they need to work with us around the world. >> rose: so you need to be where they are. >> you need to be where they are and be able to work them across. so what has been amazing to me, even in my business career, charlie, is a middle market company which would have been served by, my predecessor, 1988, is now a global company. >> in other words, they are selling into the demand in china, the demand in ini can't and manufacturing in vietnam and have a factory and so they need people who can actually finance them in knows settings and i can remember back in 20 years ago when somebody had a factory in italy, it was like impossible to figure out how to finance it from a bank, and we got to be all over the world with companies, because even mid sized companies, not the largestable everybodyan vialize donald's, t even d sidompanies that supply those companies are taking advantage of growth in the world, and so we need -- >> rose: go where the growth is, because that's where they are going to be. >> exactly. the it is to focus on tho

companies would have the vision to have the underwriting skill to take on a project like that i was in hong kong with the board meeting of aig and i had a call that the "l.a. times" had broke the story. obviously the did not provide the intermission we had even if i got technology at of it. here is one example of our value to the country. there are many stories like that. i was asked by a high government official to meet with president marcos to buy a new very well with our relationship he served more terms as president he declared martial law. a revolution was possible and then on dialysis. one was said of the naval forces had retired. john reed was the head of citicorp in the philippines. we had dinner with the president i decided i would wait until dinner was over. [laughter] use step down at the top of the game rather than and lose. i will win the election but nobody would believe that. step down while you can. he went on and the election was held there was uprising and it went to hell and to take him out by a helicopter where he died. how many insurance companies provide those services to t

hong kong could see some clouds and rain for the middle part of the week.uds and rain in the forecast for much of free lanka and india. -- sri lanka and india. we will have a high here of 40 degrees celsius. ♪ >> hello again. you're watching al jazeera. a reminder of our top stories. cyprus and eu leaders have agreed at the last minute on a $13 billion bailout deal for the country's banks. the to come in separate banks -- banks will be restructured. leaders in the central republic of africa will hold democratic elections. walters tell us there is widespread looting. the former president of pakistan has returned to his homeland despite death threats. pervez musharraf flew in from dubai after four years of self- imposed exile. police in britain say there is no evidence that anybody was involved in the debt of boris berezovsky. the former russian oligarch was found dead on saturday. his body was discovered by a member of his staff in the bathroom. we have latest. >> irish police insisted they have in a specific reasons to believe they would find hazardous mate

. >> ever been to hong kong?e. >> you think singapore -- this is interesting, will singapore welcome all this dirty money laundering stuff from russia? >> it's taken money from myanmar and north korea. what is the difference? >> there is a difference between sing more and north korea. singapore is a rather clean country when it comes to banking. they'll throw you in jail in a nano second. i don't know what putin will do or his dirty money launders if they get thrown out of cyprus. >> he'll find more obscure and newer tax haven you and i have never read about that's just been formed in the last six months formed by enterprising lawyers and use that. >> i think you're describing wall street. that was just a joke. senator elizabeth warren wants to boost minimum wage. listen to this insanity. >> if we started in 1960 and we said that as productivity goes up, that is as producers are working more, minimum wage will go up the same. if that were the case, minimum wage today would be about $22 an hour. so my question, wi

governing hong kong and the people of macao governing macao. we should maintain long-term prosperity of both regions. we should fully implement the important banking and calculating people across the states' relations and strengthen and deepen political, economic, cultural, and social foundation. we should accomplish the reunification of the motherland and the cause of working together with our compatriots in taiwan to achieve great rejuvenation of the chinese nation. [applause] we should continue to hold a banner of peace, cooperation, and mutual benefit and pursue peaceful development and adhere to our independent foreign policy of peace and promote durable peace and common prosperity in the world. fellow deputies, we have achieved remarkable progress on the part of socialism with chinese characteristics in the past. now we envision an even brighter future for our great country. the leadership of the party's central committee, let us unite as one and work hard to finish building a moderately prosperous society in all the facts and achieved a

also hong kong's hangsang has shed around 534 points just in the last three trading sessions. that's also a big focus there. >> following u.s. retail sales, where is the dollar yen trading now? >> big focus. let's have a look at some of the pairs there. the dollar is being bought on the positive u.s. retail sales data that we just went over. euro remains under pressure. data on euro zone industrial output was weaker than many analysts expected. the lower house of japan's parliament will vote on the candidates for bank of japan governors. all nominees are expecting to take office. the big office will be on what the incoming bank of japan governor will take as its first step in monetary easing policy measures at the next doj meeting in april. that's going to be a big focus. >> thanks a lot for that update. democrats and republicans have released their job budgets for next fiscal year but the plans show little change. these are tax hikes for the rich. democrats want a review of tax deductions for the wealthy. they aim to reduce revenue by billions of dollars and cut spending by t

we will see a high in hong kong of 21 celsius. wind coming from a more southeasterly direct in. sunshine and showers for the philippines. the the two degrees in moneta -- manila. thickening clouds to the southwest of china. hanoi at 25 degrees. we could see a few showers creeping their way into the southeast of india. elsewhere it is warm, dry, and sunny. >> if you have just joined us, welcome. these are our top stories. at least 38 are dead and dozens injured after a bomb exploded on a mosque in the pakistan city of karachi. many are feared to be trapped under the rubble. 40 million kenyan voters will begin casting ballots in just under an hour. raila odinga and uhuru kenyatta are running neck and neck. a french soldier has been killed battling rebels in northern mali. it was in what the french claim was a heated battle. the third mass casualty attack on the minority shias of pakistan this year. we heard from a senior advisor of the asian society and former pakistani government official. they say it is a priority to fight sectarian violence. >> government is not reacting sharpl

hong kong you've had about 100 millimeters of rain over the past 24 hours. the heaviest rain in several months. sill an additional 200 millimeters is possible in some area. 100 millimeters for a wide area. the soil can't absorb anymore rain. you can see vain affecting taiwan as well as south western islands of japan. you've had 70 kilometers per gusts as well. it will likely persist into the weekend. up toward high and dry for the rest of china and the korean peninsula. a cold air mass is blanketing the north. 11 degrees in beijing and 13 in shanghai. do towards the south sizzling hot. central thailand will see highs reaching over 40 degrees. around north america it's mostly quiet but rain showers will develop. this is the place where warm air from the south is collidesing with the cold air mass blanketing the north eastern part of the u.s. and canada. temperatures have been on the lower side across the east. only 12 degrees in new york city. new york has been experiencing the coldest march since 2001. the lower than average temperatures akros the west will