how did hungary get into this situation?ny were thinking eastern europe were managing itself quite well? >> so, what exactly happened with hungary, it has been riding a high deficit for a long time. one of the country to get some financial assistance back in 2008 for the eu and the imf. what was interesting about the situation with hungary, up until just this week, we had seen a frosty relationship between the re-elected government and the imf. they wadidn't want to adhere to the austerity measurements. they introduced some interesting, but rather dubious meetings, such as rating the pension fund to pay down that deficit. it hasn't worked. the markets aren't convinced. which is why they have gone back to the imf for help. >> raiding the pension funds is never a food idea to get yourself out of an economic hole. >>> leaders of germany, flans and italy say they're committed to getting together to make the euro work. heard that before? chancellor angela merkel, nicolas sarkozy and monti met calling for economic unity. they know

caesar suddenly focusing on hungary well the funny thing about hungary is that. your first thought was like hungary who cares i mean you know country get in trouble all the time but then you start thinking about how hungary is connected to other countries you know like austrian banks and austria is a eurozone country and austrian banks have a lot of exposure to hungary and then you see the hungary and currency collapse and and you realize that a lot of home variants have mortgages that were taken out in europe you know a euro denominated mortgages suddenly they're in big trouble so it's not so much that hungary itself would have been a big problem accepted then it's exposed to the euro and that could lead to an austrian downgrade and you get into more trouble so it is just another one of these things that could go wrong and shows how fraught the global economy is it falls over and really the european central bank earlier said don't exactly have the incentives right now to get involved or i guess the willpower and the desire to but what should they be doing. well

and then you see the hungary and currency collapse and then you realize that a lot of point variants have mortgages that were taken out in your euro denominated mortgages suddenly they're in big trouble so it's not so much that hungary itself would have been a big problem except towards the euro downgrade when you get into more of it is just another one of these things that could go wrong it shows how fraught the global economy is it holds everywhere and really quickly european central bank earlier said they don't exactly have the incentives right now to get involved or i guess the willpower and the desire to but what should they be doing. while i think of this point if the european central bank does anything short of this sort of a massive intervention buying of tons of italian dead greek that spanish is going to be big trouble fact of the matter is what you see is being asked to do is what central banks all around the world already do which is backstop governments and basically basically the fed funds the u.s. government which is why despite our high debt to g.d.p. we don't have th

and hungary's largest evangelical church. europeans and why they believe it is time to stand up for the jewish state. welcome to "christian world news" i am gary lane. wendy griffith and george thomas are on assignment. america's roman catholic bishops say people of faith are being marginalized in the united states. it is forming an office for religious liberty. a group contends gay rights and abortion rights are given more importance than religious rights. adoption battles in illinois and pro-life conflicts with president obama's health care law. bishop lorri is the leader. >> increasing signs that people that try to bring religious convictions into the public square are being marginalized. those that run educational services according to their religious convictions are being delimb at a timed by new bureaucratic rules. >> increasing secularism is influencing policies. the non profit law firm that defends religious rights, luke, religious freedom is a bedrock of the religious freedom. the catholic office says they need a new

if you are out of work in hungary, you are out of luck. prime minister viktor orban wants people to earn their keep. the daily commute of up to two hours is considered reasonable. >> near the hungarian village, roma have been working eight hours a day to remove therush from the mouains. if ty refuse, the welfare payments will be cut off. last spring, roma in this village were terrorized by neo nazis. >> we're happy to work. we do not see the sense in this. it grows back. we have to climb many kilometers on foot. we wonder why only roma are given this hard work. not one single hungarian welfare recipient. >> they have received no answer for that. in the future, all participants are to participate in a mandatory make work scheme. he is very fit and used to be in the military. >> i wanted to retrain to do a computer course. they told me i had to supervise these workers first or lose my unemployment benefits and job training. >> in budapest, this scheme is not run by the employment or economics ministries. it falls under the jurisdiction of th

hungary received an imf-led bail yut in 2008. now the country's looking to reach a fresh deal with the imf and eu by early 2012 to meet its refinancing needs. >>> taking a look at the nikkei, tokyo stocks are losing ground on tuesday morning following an overnight drop on wall street and the collapse of debt reduction talks by u.s. lawmakers. the nikkei's currently at 8,317, that's down 30 points or a loss of a third of a percent from monday's close. we are at an 8-month intraday low. consultants say the growing european credit turmoil have prompted investors to sell issues of exporters, including auto and machinery firms. let's take a loot currencies now. the dollar trading along the 96.00 line currently at 76.94-02 against the yen. the failure of the u.s. supercommittee to reach a deal did not lead a downgrade of the country's sovereign debt as investors feared and they are buying the dollar. let's take a look at the euro/yen. sources say that investors are buying the dollar to avert risks due to renewed concerns over europe's

the eu and the imf had to rescue hungary in 2008. budapest has been regularly criticized for not doing enough to cut spending. we go to syria. it is the opposition's strong as show yet of firepower -- strongest show yet of firepower. soldiers attacked a military checkpoint. attacks in the capital have been rare since the uprising began. >> a group calling it a free syrian army has launched a campaign against the regime -- itself the "free syrian army" has launched a campaign against the regime. they carried out attacks on wednesday, including against homs. the authenticity of this footage cannot be independently verified. the regime does not allow international media into the country. a member of the free syrian army explained why he had gone over to the opposition. >> as a result of the continuing acts of oppression by the assaad regime. we declare our defection from the baathist army. >> this amateur video is said to show protest in hama. mahler images are coming out of other cities. the un -- similar images are coming out of other

meantime, hungary's credit was downgraded to non-investment grade by moody's. the ratings agency attributes the move to rising uncertainty about hungary's plans to reduce its budget deficit and public debt. on wall street shares ended lower. the dow lost nearly 26 points, the nasdaq fell more than 18.5 and the s&p 500 was down three points. >> i don't know what job could be more fun than this. >> tom: still ahead, how this young c.e.o. is branching out his family's christmas tree business. black friday ended in the red for the major stock indices as they continue to lose steam over europe. let's get to tonight's market focus. it was a half day of trading in the u.s. due to the thanksgiving holiday. after slim morning gains, the market continued adding to its losses this week. the dow industrial average was down every session in this holiday shortened trading week for a net overall loss of 564 points or almost 5%. this is the worst performance by the dow during a thanksgiving week since the market began observing it in 1942. the nasdaq followed the same pattern

he was an immigrant from hungary. he came here with his father and family. it was the story of an immigrant trying to find a way in this world. he took up, in a sense, the place of the stage. he's intrigued generations upon generations of young people and old people, just exploring the notion of the body, and illusion and everything. it's just a remarkable exhibition with original footage trying to escape from a straight jacket. he came here three different times. he has a way of performing outside in front of a newspaper building. remember, these are the days before twitter and facebook and before everything. he wanted to be sure he was covered in the news. if he did it by the newspaper station, he would be able to be covered immediately. he performed once in front of the hurst corporation building on 3rd and market street in front of 30,000 people removed himself from a straight jacket. this is one of the posters announcing houdini coming to town. it's intriguing. he was in handcuffs. you can see the sleeves rolled up. sometimes, he performed with the hand

moody's downgraded hungary today. this following a disappointing bond auction on thursday. now the markets are only open half a day, but we did see the dow fall 236 points on wednesday. the nasdaq losing 61 points to 2460. and mortgage rates have been flipping again, freddie mac says the average rate on a 30-year fixed loan sells to 3.98% from 4% the previous week. rates have been below 5% for two week this is year. they are not translating into higher home sales or refinancing. this could be the worst year for home sales in 14 years. high unemployment and small wage gains are making it harder for people to qualify for the loans. and finally at&t may be moving closer to scrapping the $39 billion takeover of t-mobile. they are withdrawing the fcc application to focus on trying to win anti-trust approval. regulators say it will reduce competition and result in massive job losses. at&t saying it's going to take a $4 billion charge if the deal falls apart. back to you. >>> thank you very much. >> skiing just in time for thanksgiving. thanksgiving day was opening day at sugar bo

humphrey has asked for what is possible a year -- hungary has asked for what is possible eu financial assistance. the credit rating could be downgraded further. so far, economic measures implemented by the prime minister center-right government have not produced the desired results. the economy is forecast to expand by just 0.5% in 2012. making it the biggest of the country's -- countries to join the european union back in 2004. >> in cambodia, the three highest-ranking survivors have gone on trial. a u.n.-backed court is hearing details on a list of crimes. the defense -- also on trial, the former foreign minister and the former head of state. the men are accused of committing crimes against humidity. -- humanity. to a million people were killed or starved to death under their command. our correspondent was in the courtroom. we asked him how significant the trial is for the cambodian people. >> the significance is mostly a symbolic one. it is very important for the victims to see that someone is being a justice for these crimes. it also sparked public debate in the country and gives

three times the usual number one chapel has reservations from as far as hungary and singapore. fans of the film "this is spinal tap" have christened the date nigel day whose guitar amp went up to, you guessed it, 11. >>> all day long you can stay on top of the very latest developments in those and others as they break on msnbc. tonight be sure to watch brian williams with "nbc nightly news." and finally, here's a look at what's coming up later this morning on the "today" show. more of savannah guthrie's exclusive interview with michael jackson's doctor as he explains why he didn't call 911 after finding the pop star in trouble. and find out where in the world is matt lauer as he wraps up his week-long adventure. >>> now keep it on this channel for continuing local news, weather, sports and more. i'm veronica de la cruz, thank you for watching "early today." just your first stop of the day today on your nbc station. have a terrific weekend.

hungary's debt has been downgraded to junk by moody's. today might be a good day to go to the gym.ht bid to catch a break on membership from your employer. a growing number of companies are offering financial incentives for employees to stay fit. it costs the company less in medical costs when employees are working out. and it is sometimes connected to their 2012 bonus. >> that's a pretty good incentive. thank you. >>> >>> without a significant other and feeling lonely this holiday season a new web site called fake girlfriend can offer companionship in the form of a text message from a fake girlfriend. users simply send a text message to the web site and a fake girlfriend will respond with a loving note like "i miss you honey." it is a free service. i just tried to log on to it. >>> lots more still to come in >>> the turkey and stuffing car in the refrigerator and now it's time to focus on shopping. black friday frenzy. >> and the latest on a building collapse under investigation at a busy d.c. shopping district. >> monitoring the countdown to homecomings for three american college

over to europe now here the markets a low are off to hungary lost its investment grade which is investors service and each in the short term for it costs surged to a record at the foot sea is gaining point two percent on the docks is the same number of points. of the russian stocks a mix that might success but positive and p.r.g. s. ince point two percent lower let's take a look at some of the individual share moves in the month six most of the blue chips are trading in the five energy majors and other commercial related stocks are among the main gayness. is up zero point two percent same store snapshots their fund is lower point four percent more crippen steinhatchee i've seen much of pull believes invest to stretch the look to medium term stores for an upswing. we are very optimistic on the market short term but we are much more confused on the market mid-term shoulders are going to start the best a barge is to look for quality names that's been severely. there you know several names like that in the russian market and i want to mention is the number leap is stephen. the logical plan th

european markets a lower hungary has become the latest in line of e.u. nations to have its credit rating downgraded to junk status meanwhile italy's short term costs have surged to a new record for the senate that saw both losing about point four percent this hour . on russian stocks the trading of the rest with the are just losing more than one and a half percent let's now have a look at some of the individual serviles on the rise it's a sea of red here in the nickel is losing one and a half cents all sniffed is one percent lower. placed into the negative territory only early gains it's losing one cents this hour. we are very optimistic on the market short term but we are much more committed to go in the market mid-term so there is a i think of this to on the best advice is to look for quality names that's been severely beaten down and there are you know several names like that in the russian market and i want to mention is the number lipinski mythological plan this stock is down about twenty percent over the past two weeks as a good quality company ver

members ratings agencies have been forced to act on the grim pleas downgrading hungary and debt to junk status warning of want to come the time banks also hit the rating of e.u. leaders promote more austerity to combat the crisis of the many in the euro cracked capital of brussels by example doesn't seem to have taken hold as artist so it was . this is become a familiar sight in the streets of europe symptomatic of the euro crisis and now it seems that the tide of discontent is rising within the plush halls of the vast european commission bureaucracy the. staff unions are threatening to go on strike after rejecting a proposal by the commission or the e.u. civil service to save a one billion euros over seven years by reducing pensions increasing working hours from thirty seven point five to forty a week raising the retirement age limiting pay rises and cutting five percent of jobs but you know they get one point eight three right. and they say it's all a union representing lower paid staff says the media tends to lump them with the fat cats who get most of the e.u. gravy train he wants t

ratings companies are concerned about hungary and portugal. gold prices are falling. gold traders are getting more bullish on the metal. so far gold is up 19% this year. at&t has withdrawn their application for its $39 billion megamerger with t-mobile. they ask fellow commissioners to send a proposal to a hearing. it looks like the merger may not happen after all. not everybody is in the holiday spirit. some people are protesting these big deals. occupied wall street protesters have their target on holiday shopping. they say over consumption has gotten us into this mess. small business saturday is tomorrow. 89 million people say they plan to shop small to keep local businesses thriving. some people could get a $25 credit if they shop at the local business. back to you. >> what are the aha hottest holiday items? >> boy. today is the only day that apple will discount their retail prices. i will tell you how much and who is cutting the price of the ipad. >> thank you, jane. we will see you at 6:15 for your next report. >> 50 degrees on tv hill. a wallaby still thanksgivi

shock news pushed the euro to a seven week low in the weak ratings agencies have also downgraded hungary portugal and belgium a number of italian banks were also dealt a weight blow is a u. leaders pledged even more cuts to come about the crisis the feeling here across the capital of brussels leading by example doesn't seem to be a popular idea right now as all tests for a similar fund that. this is become a familiar sight in the streets of europe symptomatic of the euro crisis and now it seems that the tide of discontent is rising within the plush halls of the vast european commission bureaucracy the. staff unions are threatening to go on strike after rejecting a proposal by the commission or the e.u. civil service to save a one billion euros over seven years by reducing pensions increasing working hours from thirty seven point five to forty a week raising the retirement age limiting pay rises and cutting five percent of jobs but the end of the day they get a one point eight a rise. and they said follow a union representing lower paid staff says the media tends to lump them with the fat

members ratings agencies have been forced to act on the grim figures of downgrading hungary and portugal's debt to junk status with a warning of more to come a number of italian banks also hit by the debt rating hammer as easy leaders promote more austerity to combat the crisis investment advisor patrick young things now is the time to make the tough decisions. right knowing there is definitely a pople smell of fear in brussels over what's going on when you're in the euro parliament in the coffee shops the huddled corners are discussions about whether the you're always going to survive in any shape or form this crisis is like a palm demo of financial panic because ultimately you have individuals who are managing pension funds for yourself or myself all over the world and when they wake up in the morning and they've got to go and do something with our money for the next five or ten years ultimately their their most important facet right now is to keep that money see it and as i'm sure you can appreciate it nobody really for you see if in the euro zone germany either house to decide that it

moody's cutting their rating on hungary to junk. stocks deep in the red on wednesday. the bloomberg maryland index falling on losses for stanley black & decker. today might be a good day to go to the gym. you might catch a break on membership. a growing number of companies are offered financial incentives for employees. employes who work out cost companies were less in health costs. one company is tight company weight-loss to the 2012 annual bonus. that is a business. i'm jane king for wbal-tv 11 news. >> the results are in for from the gingerbread house competition. >> the morning croute build the gingerbread houses. here are the results. sarah came out on top. ava came in second. many bizarre was next -- mindy basara was expert we want to thank each and every one of you to cast your vote. >> thank you. >> hail sarah. >> all i wanted to do was use all the candy so did not stay in my house. 50 degrees on tv hill. a bond between a mother and daughter is like none other. >> don't forget to e-mail us your response to our water cooler question of the day. will you hit the

nations the news calls the euro to plummet to a seven week low rating agencies have also downgraded hungary portugal and belgium a number of italian banks have faced a ratings blow while leaders pledged even more clear cuts to combat the ongoing crisis but as tests are sillier reports the euro crack capital of brussels is not willing to set an example for the people. this is become a familiar sight in the streets of europe symptomatic of the euro crisis and now it seems that the tide of discontent is rising within the plush walls of the vast european commission bureaucracy. staff unions are threatening to go on strike after rejecting a proposal by the commission or the e.u. civil service to save a one billion euros over seven years by reducing pensions increasing working hours from thirty seven point five to forty a week raising the retirement age limiting pay rises and cutting five percent of jobs but you know they they get a one point eight pay rise. and they say it's all a union representing lower paid staff says the media tends to lump them with the fat cats who get most of the e.u. gra

record high yields investors continued to fret over a lack of solutions to the eurozone debt crisis hungary has become the latest in line of nations to have its credit rating downgraded to junk status and here in the russian our kids a mix this hour the r.t.s. is losing around point four percent wava lies it is is up just a notch let's take a look at some individual channels otherwise like this our energy majors are on the rise gazprom is adding one point three percent so i was never there were two percent in the back and review that has switched into negative territory following early gains it's losing almost two percent. ok that's it for us out i'll be back with more about fifteen minutes meanwhile stay with us the headlines up next. the. culture is that so much a given to his music is a minute to mark let me new tensions and violence put down many of the hopes of the hard to be egyptian revolution is mubarak's military establishment angling to remain. wealthy british style. sometimes the tires on.

and the soviet union in the space of 10 years had occupied hungary and subjugated poland at the time and it occupied czechoslovakia. now in the summer of 69 at the beginning of buildup along with chinese borders and the interiors of military clashes, the surrey neighbor between the two sides and we were sort of watching. and then the soviets made a mistake that accelerated our considerations. the mistake was that they sent their ambassador to greece has periodically about clashes with the chinese. they did that probably because we were considering attacking china and they wanted to prove that they had a good reason for doing. it had to practically think that i created a map for next to -- to mix and head for being the stuff to look at. and then we called and asked her if there incidents in these places, what would that suggest to you all ask who's the attacker? and the experts said well the soviets are close to supply points. and therefore it's unlikely that the chinese wanted to attack would do it in such a pasture. then we picked up a few other signals. and then mix that made of th

hungary's debt downgraded to junk.lity fund may not be able to raise enough funds. despite that we have a slightly positive -- [ inaudible ] if you want to an individual the big stores better option could be shop at a local business tomorrow, small business. tomorrow american express offering card holders $25 credit for shopping -- [ unintelligible ] today could be a great day to shop for a car you might save as much as 29%. the end of the month the end of the year, dealers aren't busy because of the black friday mayhem everywhere else so they may be ready to make a deal. >> jane, i hope your thanksgiving is a great one and your weekend is good too. >> thank you. we'll see you monday. >>> mike nicco with the forecast which is drying out. >> yeah, sprinkles we've been following vanishing from doppler. now we need to get rid of the clouds and open up for sunshine and warmer weather this weekend. hard to dress for winter clothes when it could be 70 in some areas this weekend. that's what we have in store. i've been watchi

they cut portugal's credit rating and moody's downgraded hungary as well. u.s. stocks dropped an wednesday. this is raising concerns that trouble in weaker countries like greece and portugal may spread to the more stable nations. there's no economic data expected in the states. we saw it fall to 11,257. the nasdaq losing 56 points. we already have an early read on how the holiday shopping season is shaping up. u as of yesterday afternoon, online thanksgiving sales were up 20% from last year. the national retail federation estimating 152 million will hit the stores this weekend. and the best way is black friday. buyers could save an average of 9.5% on their purchase or as much as 23%. back to you. >> local merchants are hoping to spend part of today shopping at small businesses. downtown oakland will pull out the stops as a key in the black campaign. street venn tors, live musicians and a raffle designed to draw you to local businesses. the festivities start at 11:00 on 14th and broadway and continue down to jack listen squa london square. visit plaidfriday.com.

. >> rick was 19 when he met elixcia at a family commune in hungary. >> when he came down the stairsrted chatting. he's like, do you know how to play cards? i'm like, no. he said, do you want me to teach you? so we went up to my room. he brought some music an we just started playing cards. i think we played cards until 2:00, 3:00 in the morning. and we just talked and talked. i went to breakfast the next morning, went back to my room to get my stuff, get ready for the day and he had put a rose on my bed and never the same after that. ♪ after you're gone ♪ oh, dad it's gonna break my heart ♪ ♪ the love you've shown to me >> with the spread of aids and international authorities hot on his heels, david berg was finally forced to act. in 1986 he banned sex with children. eight years later, a new band of altogether more wholesome disciples were saying good-bye. in 1994, he was dead. ♪ oh, dad we're gonna carry it on ♪ >> god bless you. it's hard for me to quit. when i say good-bye, just start fading me out because i can't quit. >> rick's mother, karen zerby, took over as leader. at the ti

and the soviet union had in this space of ten years to occupy hungary and poland second time coming and it had occupied czechoslovakia. now in the summer of '69 along the chinese border there were military branches along the river between the two sides coming and they were sort of watching these. and then the soviets made the mistake that accelerated considerations. the mistake was did they send in their ambassador to brief us periodically about the chinese? they did that probably because they were considering attacking china, and they wanted to prove that they had a good reason for doing it. i created a map for nixon of the location of these incidents, and then we called in an expert and said if there are expert in these places must they suggest to you who use the attacker and that expert said this is all close soviet and pretty far from the chinese supply forms, therefore it is unlikely that the chinese if they wanted to talk would do it from such a posture, and then we picked up a few other signals. and then nixon made an unannounced but important decision which was as we discussed t

and apparently couples are arriving from as far away as the uk, canada, hungary, singapore, from allfor this auspicious and special day. and apparently several even made their reservation 12 months ago. and some have even made reservations for next year's 12th of the 12, 2012 which would be the last of the century. did you know las vegas is the world headquarters for marriage? there you go. apparently yeah. more than 4% of america's expected 75,000 weddings will be held there tomorrow. >> wow! >> unbelievable, right? >> cnbc's mandy drury, we'll stay right here in metropolitan new york. thank you. >>> some help is coming to washington to veterans looking for work. the senate is expected to approve part of the president's jobs bill that would provide tax credits to companies who hire former service members. senators are also expected to repeal a withholding tax on government contractors. if they are passed by the house next week, these will be the first measures in the president's jobs bill to get through coming res. smal l bu sinesses are the smal lifeblood of our communities. on nov

romania, we learned of something i now call the moment in 1989 the revolution going on in poland and hungary and czechoslovakia he went into bucharest and was exhorting the people for what he had done for them and all of a sudden one old lady yelled lawyer, finton people, then 1,000 people, then 100,000 people were yelling lawyer and all of a sudden he realized he did better get out of there if something had gone wrong and instead of delivering him to freedom, the young military officer delivered him to the revolution. he and his wife were executed. the moment is when fewer breaks down either an old lady or a soldier in terms we from the crowd and refuses to fire them all that is left between the dictator and the people as anchor and that is what you got in the arab spring now and that is why a authoritarianism is not. >> what do you think about leading from behind as the multilateral coalition? >> i don't mind multilateral coalition. i'm sorry, leading from behind is an oxymoron. it is. you don't lead from behind. [applause] and i actually think some in the white house may be sorry that the

he was the dictator of romania, and in 1989 with revolutions going on in poland and hungary and check slow zack ya, he was exhorting the romanian people for what he'd done for them, and all of a sudden one old lady yelled liar. then ten people, then a hundred people, then a thousand people. and all of a sudden he realizes that he'd better get out of there because something's gone wrong. and instead of delivering him to freedom, the young military officer delivers him to the revolution, and he and his wife are executed. that moment is when fear breaks down either an old lady yells liar, or a soldier turns his gun away from the crowd, refuses to fire, or a tank turret is turned away from the crowd. and then all that's left between the dictator and his people is anger. and that's what you've got in the arab spring now, and that's why authoritarianism is not stable. >> um, what about what do you think about leading from behind as the multilateral coalitions, and -- >> i don't mind multilateral coalition. i'm sorry, leading from behind is an oxymoron. it is. [applause] you don't lead from