the broadcast against the conformity of hungary's media. the government's media and coding has refused to allow them a permanent frequency band for two and a half years, so the station took the government to court. family court issued legally binding rulings in our favor three times, but the media authority contested all these rulings, so they kept us in limbo for two years. that is in line with their policy of economically ruining critical media. >> critical reports by their trademark. currently, the station is up in arms because the hon carian government has handed out awards to notorious anti-semite and right-wing extremists. >> starting today, i no longer want to where the metal -- wear the medal. i'm going to send it back to the minister. >> students staged a parody. the party is supported by sympathizers in germany. >> our two countries are depicted as scandalously small. this must change. >> apart from the parity, the students have little to laugh about. they are appalled at how the new changes to hungary's constitution affect them.

. >> they say hungary is no longer a constitutional majority. >> the set of amendments passed through a vote of 265-11 passed since to the two-thirds conservative government. it further restricts freedom of the press and includes a controversial new social measures. the socialists boycotted the vote. for more, we go to budapest where stefan is standing by. why did the government feel the need to make these changes? >> they wanted to make the changes to ensure that the constitutional court can no longer intervene in their policies. the constitutional court overruled several measures including the limitations on churches, the media, and, for instance, forbidding students to go abroad if they receive state sponsorship. that is all gone now. with this new amendment, people will basically be forced to follow the line of the government. >> what about public support? how have hungarians been reacting to the vote? >> very angry. there have been several demonstrations already in budapest. they say this was not the government for whom they had voted. the ruling party lost many voters. of course

. >> budapest is the capital of hungary, but it wasn't always one city.ng of a bridge. the story goes that count széchenyi's father fell ill here on the pest side. the count was on the other side of the river, the buda side. by the time the count got across by boat, his father had died. he had even missed his father's funeral. the count took on the task of raising money for this bridge to be built so people would always be able to cross the river. called the "chain bridge," because its cables look like bicycle chains, it was completed in the mid-1800s. a few years later, the cities of buda and pest were officially united, and for good measure, they threw in a third neighboring city -- obuda. it has been budapest ever since. some say the first king here was attila the hun, hence the name "hungary." others say the first king was actually st. stephen. there's a magnificent church built in his name. the funicular is a train that's more like an elevator. it travels up the steep castle hill. at the top is buda castle. for centuries, this is where the rulers of

, and can you imagine if we fell behind in the olympic medal count to a country like hungary, people would be going nuts. but why is it that we can be 25th in math in the globe and nobody really cares. >> florida has a third of the kids that california has in school, 100,000 teachers less but they have a significant latino population. >> that's correct. >> what are they doing in florida better than what we're doing in california? >> florida is a great example because florida has the diversity that in many ways california does and the other interesting thing is that florida, you know, 10 to 15 years ago was in the bottom third. >> it was not doing well. >> it was not doing well at all. and the changes there started with governor bush, put in place some very aggressive education reforms, like letter grading of all of the schools, saying we're going to tell the public, is your school an "a," a "d" or an "f"? and something came out yesterday that talked about a.p. scores of kids nationwide and florida was in the top five. so they've moved from being in the bottom third to the top five on

in the team competition russia took on top opponents hungary and then they weren't in finale the home team included men's individual champion cover live but despite a close match the hungary and aged in front to take the overall title by just one point nevertheless this performance bodes well for team success at the twenty sixteen rio olympics as the russians aim to further boost their status among the world's best the last ice age has been very mainstream one of the most important place until it's in the world and so we feel remorse means join the save offensive elite michelotto our team or score. now let's turn to some memorable words and former england captain rio ferdinand says english football should be revamped if the three lions are to win a first major trophy since one nine hundred sixty six the manchester united center back spoke after pulling out ahead of england's eight no thrashing a summary no. at the moment spain leading the way and trying people how to do and how it's done and maybe we need to go back to the drawing board and ever have a real good good look at ourselves

>> hungary worries us more and it's not just monetary policy.s the combination of government policies across the board. you're seeing the markets worried about south africa also with a female central bank chief, but that's irrelevant to the issue which is seen as the sell off on the rand. there is concern there about the market. they do have limits on the emerging market, just how loose monetary policy can be on the emerging market. and that issue we're seeing on the rand to the dollar. >> last question, has there been any change in correlation between the emerging markets doing well because they're tied to rash ya and china relative to the u.s.? meaning who is the strong -- who is powering the global economy at this point? >> china is still the most significant. i think the one thing which is getting missed on the chinese slowdown is if it slows to 7 1/2 this year, it's going to be a bigger gdp lift in 2013 than in 2012 even if the headline growth number is slower. it's still china, which is playing a massive role. >> and still russia, which ha

she hopes the pope's is on gary and because she is from hungary. -- she hopes the pope is hungarian. [cheers] >> christoph says they have always hoped for an italian pope. this time that may happen and, hence the excitement. the waiting continues for an hour but it seems like an eternity. an announcement is expected soon. correspondents are at the ready. [applause] [cheers] >> confirming it is jorge bergolio, a latin american. choice no one, a had anticipated. [cheers] -- a few pilgrims claimed to know what all along. is asked what to expect of the papacy. he says, the name always indicate the direction. it means a stronger push towards helping the poor. they will stand by those who have no voice internationally or in their own country. pope francis is said to be modest and down to earth. his election as celebrated by many of the catholic faithful. that includes pilgrims in rome. simply man says he is overcome. he never thought he would experience anything like this. to be a part of it is incredible. >> this woman says was a wonderful experience that left a great impression. she is p

for example, in hungary you'll be at risk of severe blowing snow. however, it looks like precipitation should be gone by saturday. to the north wintry weather will be moving towards the northeast effecting north western part of moscow. things will turn stormier in moscow. temperatures are looking like this turning zero degrees in vienna. two in moscow and ten degrees in kiev on friday. here is your extended forecast.

let's show you what it was like in hungary. a major snowstorm battered last weekend. dozens of major roadways were blocked due to the heavy snow and about 50,000 people were ris cued nationwide. while 4,000 vehicles were recovered. the snowstorm also brought wide spread power outages to more than 100,000 people. snow eased over the weekend. but the roads are going to be still remaining closed. as you can see here in the satellite picture cloud could have raj is still there. and then it's going to be moving towards the eastern areas over the midweek. but still yet you can see this blue blob with a little bit of pink shade in around chezech republic. this is going to be bringing again another travel disturbance for the week. over towards the british isles it's going to be wet and windy. here across london and southern u.k. this is all going to be light rain. but the temperatures are still very chilly. single digits in london and in paris. and high pressure covers much of northern europe. so that is going to be making the frigid air bring down the temperatures. moscow an

at an aluminum plant in hungary, a breach in the wall of a containment dam releases 35 million cubicudge. >> when it was released it created a flood that moved in the valley extremely rapidly. >> bauxite residue, traditionally known as red mud, is a by-product of the aluminum creation process. to dispose of this red mud, it is normally dried and then covered with soil and grass. but, today, it pours down on hundreds of unsuspecting citizens. the unstoppable rush of waste hits one town particularly hard. >> a tsunami-like wave moved on the valley and rose to a height of approximately two meters, in the village nearest to the spill site. reports from people who were at the scene said that it moved faster than you could run. >> the crimson river pushes cars out of the way and sends residents running for their lives. >> my 82-year-old father pushed my mother up to the window. we took him to the hospital because the al cal alkali burned his legs. >> an incident overseas tonight has a lot of people wondering, could this kind of thing happen here. >> the devastating footage is broadcast wor

hungary you'll see as much as 10 centimeters of snow. the system will continue to produce a risk of flooding across the same area. the system will then affect turkey on tuesday and cyprus on wednesday with the chance of light rain. out west very wet and windy. high waves will be a concern as well and light snow showers for the north eastern corner of the british isles. very chilly. only 0 degrees in berlin. here is your extended forecast.

hungary you'll see as much as 10 centimeters of snow. the system will continue to produce a risk of flooding across the same area. the system will then affect turkey on tuesday and cyprus on wednesday with the chance of light rain. out west very wet and windy. high waves will be a concern as well and light snow showers for the north eastern corner of the british isles. very chilly. only 0 degrees in berlin. here is your extended forecast. >> that's all for this edition of "newsline." thanks for joining us. captioning sponsored by macneil/lehrer productions >> ifill: secretary of state john kerry met with afghan president hamid karzai today, and said the two nations are "on the same page" about making peace with the taliban. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, we assess the challenges ahead for kerry and the u.s., winding down the war in afghanistan and dealing with tensions in iraq, syria, and the middle east. >> ifill: then, we update the movement on immigration reform, as president

are speaking out against hungary's moves to overhaul the execution, saying it puts too much unchecked power in government hands. >> germany is also critical of the amendments have -- after a meeting this morning with the hungarian president, chancellor merkel also expressed concerns to limit the constitutional court in budapest. israel's plt perez is calling on the arab league to intervene in the syrian conflict. >> he made the call in a speech to the european parliament. he says the world can't afford to stand by while syrians are being massacred. he's confineding up an eight-day tour of european institutions. in business news, posts of the german company have quadrupled. >> while superstorm sandy in the u.s. cost the country around 800 million euros but overall the cost of national disasters were down considerably. they say they've put losses on greek sovereign debt behind it and it's expecting earnings this year. but those positive numbers weren't enough to give european stocks a boost on toes. instead of fan has more on what was a down day in frankfurt. >> the stock market seems t

and i think of as americans we don't expect to be behind slovenia and hungary on any measure. when i started a few years ago someone showed me a scatter plot of all of the developed nations in the country, and on one axis it was academic achievement levels of the student, and on the other axis was the amount of money that the country spent per child on the public education system. and we were in the quadrant that you don't want to be in, which is spend a lot of money, have poor results. the only other country that was in the quadrant with this was luxembourger i have no idea what they're doing and luxembourg but apparently not so good. i think the problem with this notion is that for decades now, people have been sort of pushing this idea that what we need in order to fix the system is more money, more money, more money. but when i got to d.c., i never stand that was not the case. we're spending more money per kid in d.c. analyst any other jurisdiction in the entire nation, and yet our results were at the absolute bottom. school districts right across the river in new jersey s

these are some shots taken from hungary, and you can see here, this is the motorway linking budapest and vienna, and a lot of accidents. we had drifting snow a meter deep in places. many motorists trapped in their vehicles waiting for the military to come along to actually rescue them. wind was also a feature of these storms, and the second set of the shots was taken in bulgaria. you can see the trees coming down. this is probably after the very worst of it had gone through. we had reports of scuffling down. unfortunately, a fatality, and also a roof ripped off a school by the strong winds. that whole system is beginning to push through. we should see quietly weather pushing through and down through into the eastern part of the mediterranean. but central areas remain dry and fine. looking very unsettled into germany. could see very heavy snowfall. >> tough choice here on al-jazeera. representatives of raila odinga filed a protest against the election results. he refuses to accept that kenyatta won the election. zimbabwe voting underway in a referendum on the new constitution. if pass

to downsize its european missile defense system plans to place interceptors in poland and possibly hungaryhave been scrapped because of lack of funds instead the cash will be diverted to add another fourteen missile interceptors along the west coast in direct response to pyongyang's recent threats and rising tensions on the korean peninsula. ten days after his death the body of late venezuelan leader hugo chavez has been laid to rest at the site of his failed one thousand nine hundred two coup and bombing the leader was recently ruled out by russian experts thousands flooded the streets for one last march in honor of the president of fourteen years recession was headed by nicolas maduro the interim president and candidate in next month's elections. major a new government rallies been held in the eastern saudi arabian town and despite a warning from the country's rulers they would firmly deal with any dissent demonstrators called for the release of political prisoners and condemned the government's crackdown on protests saudi arabia has seen a string of rallies since the beginning of the ar

secretary of defense chuck hagel has announced plans to place interceptors in poland and possibly hungary have been scrubbed due to a lack of funding the defensive reshuffle is said to be in direct response to pyongyang that recent threats and a rising tensions on the korean peninsula for honest we can talk with our t's arena glue should go live well it looks like the threat coming from north korea is now considered far more dangerous by the us than the risk coming from around the indeed that's what it looks like it does look like the united states has changed its i think it a little bit while at least it does look like missile threat has been cited as the prime reason for beefing up security for beefing up missiles in their missile base in. alaska and you can see it right there there's an existing one. there's also a plan to install a radar in japan and the same time washington officials announced plans to scrape the extent. of his bases in eastern europe which would have seen interceptors capable of destroying most of russia's nuclear missiles which has been a huge point of contention b

secretary of defense chuck hagel is announced plans to place interceptors in poland and possibly hungary been scrapped due to a lack of funds the defensive reshuffle said to be in direct response to pyongyang's recent threats and rising tensions on the korean peninsula for now we go live to our teaser rate in the live show. well that's right matt in fact they're changing the plans but they're not scrapping them all together and it does look like the nuclear threat coming from north korea has been deemed far more dangerous by the us than the possible risk coming from iran and at least. this missile threat that the us secretary of defense chuck hagel cited as the prime reason for beefing up missile capacity on an already existing base that was right over there in alaska and also putting up a rater in japan which is significantly closer to north korea than it was before if we think about if we think about missile defense in terms of eastern europe at the same time washington officials have announced their plans to scrap the final phase of a defense shield in eastern europe that one would ha

downsize its european missile shield washington's plans to place interceptors in poland and possibly hungary have been scrapped due to a lack of funds the defense free software was said to be in direct response to recent threats and rising tensions on the korean peninsula are geezer in a delusion has the details looks like the nuclear threat coming from north korea is now considered far more dangerous by the us than any potential risk coming from iran at least it was pyongyang as missile threat that u.s. secretary of defense chuck hagel cited as the prime reason for beefing up missile capacity as an already existing base in alaska and placing an additional rater in japan at the same time washington officials announced plans to scrap the final phase of a defense shield in eastern europe which would have seen interceptors capable of destroying most of russia's nuclear missiles and that has been a huge point of contention between moscow and washington for quite some time now in fact going back to march of last year the infamous exchange between obama and the president mr medvedev in seoul of th

making global headlines each countries continue being in the news as constitutional amendments in hungaryhreaten democratic rights a demonstration in downtown budapest gathered hundreds of protesters who say the government's cracking down on election campaign writes homelessness and even family values this after authorities announced plans to pass constitutional amendments the proposals go as far as banning graham students from seeking work when they graduate and work abroad when they graduate the ruling party controls two thirds of the parliament and it's come under fire from the recent decisions that defied the democratic values. thousands of yemenis demonstrated in the southern city of aden yesterday against the un back national dialogue due to begin soon reconciliation talks set to start next week but with regular u.s. drone strikes in the region locals of the object of the move they say the talks don't include any real representatives from the north or southern regions the general strike has left the southern half of the country paralyzed as troops were deployed to protect government

downsize its european missile defense system plans to please enter scepter as in poland and possibly hungary have been scrapped because of a lack of funding instead the money will be diverted to add another fourteen missile interceptors on the west coast is in direct response to pyongyang's recent threats and rising tensions along the korean peninsula. ten days after his death the body of late venezuelan leader hugo chavez has been laid to rest at the site of his failed one thousand nine hundred crew attempt and bombing the leader was recently ruled out by russian experts thousands fled to the streets for one last march in honor of the president of forty years the first session is headed by nicolas maduro interim president and candidate in next month's election. the vatican has already come under fire for its new choice of pope francis and his links to argentina's dirty war former cardinal jorge mario bergoglio failed to openly confront a decade of dictatorship in his country during which approximately twenty two thousand people disappeared that the first time the vatican has elected a relig

new secretary of defense chuck hagel has announced plans to place interceptors in poland and maybe hungaryhave been scrapped because of a lack of funding instead the pentagon will divert one billion dollars to add another fourteen missile interceptors along the west coast of the u.s. washington will also deploy a radar tracking station in japan the defense reshuffle is said to be in direct response to pyongyang the recent threats and rising tensions on the korean peninsula despite the changes the pentagon said it's still standing true to its commitment to the european shield with missile batteries said to be stablished in poland and romania by twenty eighteen moscow views the u.s. missile defense system as a threat to its security after washington refused to provide legal guarantees that it's not aimed at russia. israel's prime minister has finally managed to form a coalition ahead of saturday's deadline but at the cost of some uneasy compromise for the first time in a decade ultra-orthodox groups longtime allies of benjamin netanyahu were left out or he's paul asli or as more from tel avi

you're from hungary. you live in new york, but you're from hungary? >> yes, i'm hungarian. >> why did you want to be here? >> i think this is very important to be here to celebrate the new pope. >> not only in rome, you're changing planes, but you wanted to spend the whole day here just in case. >> yes, because it is beautiful here. and i would like to know who is the new pope. >> did you think you would be here to see the white smoke? >> no, i didn't know that. i didn't know that. i want to see everything here today. >> how many hours have you been here for? >> a couple of hours. and i just came here by bus. my husband phoned me by phone to tell me a new pope was elected. >> terribly exciting. >> it is very exciting. >> you are part of history. i'm so glad you're here. thank you very much. that's the sentiment. people are so glad they are here. whether they were here for the white smoke or able to be here right now. and, again, i'm looking at more -- hundreds of people are just pouring in. by the location, we'll continue to bring you their reaction t

countries continue to make the headlines as constitutional amendments in hungary threaten democratic rights according to protesters a demonstration in downtown budapest scattered hundreds of activists is the government gets set to clamp down on the election campaign writes homelessness and family values the government wants to pass constitutional amendments that will threaten democratic rights according to protesters the government proposed amendments go as far as banning grant students from seeking work abroad after they graduate the ruling party controls two thirds of the parliament and has come under fire from the e.u. recently for decisions that the fighter democratic values. thousands of yemenis demonstrated in the southern city of aden yesterday against the un back national dialogue due to start soon reconciliation talks are set to start next week but with regular u.s. drone strikes in the region locals are projected the dialogue you say it doesn't include a real representatives from the north or southern regions general strike left the southern half of the country paralyzed as

corn fields now voris i researched your story and guess the ministry of rural development in hungary actually admitted to destroying almost one thousand acres and acres of maize they found to have been grown with genetically modified seeds now that's because g.m.o. seeds are illegal in the country in congress anyway during the g.m.o. investigation in that hungry controllers found pioneer monsanto products among the seeds that they planted hence they were destroyed along with all other types of g.m.o. seeds so is hungry on to something or are they freaking out keep the comments coming and let's get this discussion going at meghan under.

countries continue making headlines as the constitutional amendments in hungary threaten democratic rightsdemonstration in downtown budapest gathered hundreds of protesters as the government is set to clamp down on election campaign rights homelessness and family values the government wants to pass constitutional amendments that will threaten democratic rights according to protesters their proposed amendments go as far as banning grand students from seeking work abroad after they graduate the ruling party controls two thirds of the parliament and has come under fire from the e.u. recently for the decisions that defied their democratic values. one in prison around one hundred strikes since july has been released by israel on the condition that he doesn't leave the gaza strip for ten years i mention warren who has previously been held by israel was arrested for a second time last february for violating the terms of his release although no evidence against him was ever disclosed a second hunger striker went into cardiac arrest last week and is still being held as a prisoner in tel aviv hospit

lori: is it more or less challenging to hire servers in brazil and hungary and south africa than it isfor the hooters restaurants in the u.s.? >> we have no trouble finding servers whether here or international. lori: mike pruitt, thanks. >> thank you for having me, lori. lori: of course. melissa: coming up which tobacco stocks can light up your portfolio? "morningstar" thomas malarkey and bonnie herzog join tracy and ashley next. you don't want to miss it. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. 'll start investing early, he'll find se good people to help guide him, anhe'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td amerrade. tracy: good afternoon, i'm tracy byrnes. >> i'm ashley webster. with two hours to go stocks are closing in on another record week. th

i think as americans we don't expect to be behind slovenia or hungary. when i started years ago someone showed me a scatter plot of all of the developed nations in the world and on the one access it was academic achievement levels of the students and on the other access was the amount of money that country spends per child on their public education system. we were in the cauldrons that you do not want to be which is spending a lot of money and have poor results and the only other thing that was in the squadron plus luxembourg. i think the problem with this notion is that for decades, people have been pushing this idea that what we need in order to fix a system is more money, more money. but when i got to d.c. it wasn't the case they were more than any of our jurisdiction and the entire nation. in new york and new jersey they're spending $22,000 yet the percentage of kids a robbery of a greater level proficiency are in the single district. the idea that we can throw more money into a broken system and expect different results is faulty. we have a great de

the food or restaurants are going to hungary. melissa and lori talk with mike pruitt.n right here on fox business. cheryl: this is an embarrassing situation, to say the least. another carnival cruise ship having problems. nicole petallides will take a look at the stock coming up on the floor of the new york stock exchange. dennis: we want to hear from you. roll the dice on gambling investments. tweet us your questions. we will be answering your inquiries. ♪ >> time for stack -- stocks with nicole petallides at new york stock exchange. carnival having problems again. >> the third ship with carnival cruise lines in two months. the stock is down 2.5%. the carnival legend will now ms. all scheduled stops throughout the caribbean and head back to port in tampa and is doing so at 40 m.p.h.. get another problem and difficulties for carnival that already had the triumph problem with mexico also the dream that had to fly passengers back from. dennis: our next guest says the big frontier for gambling could be a madrid. our next guest joins us now. of now people talk about euro v

germany and luxembourg, switzerland, hungary, sweden, those are the countries that have done well.this happened from 2,722,010. you can also look at as regards to gdp. the ones that have the biggest increase in government spending. those are the ones that saw the drop in income. here's the problem in part. this notion that government spending goes and creates wealth. the most basic problem is that the money has to come from someplace. if the government spends more money, that means it is taking money from someone else, in terms of borrowing or taxes or even money that lowers the value of a dollar that other people already have. but the government is doing is moving money from where you and i would have spent it, the companies that would've hired those workers to the places that the government wants it moved here. and if you look at this, there doesn't seem to be a very good job being done on that. paul krugman has a measure. the interesting thing with him is when he puts together these graphs, he looks from 2009 onward. what he misses is the huge growth in government spending that

across the country where snow is falling and also across the world we have this story coming out of hungary where the notice is continuing to fall and the roads so bad people were forced to spend the night in their cars or buildings alongside the road. they say the truck gentleman jackknifed and traffic was jammed among friday and 18 trains were stuck between stations. there were reports of 100 injuries. around here we're focusing on snow coming down across the eastern great lakes. not a whole lot of accumulation by the time it gets into the new york city area. it will warm up too much and we'll be in the upper 30s and it will be i wet snow. we're going to see rain though fall across portions of the midwest. could be heavy at times, especially later on today. if you are traveling for st. paddy's day, look at these awesome cities. shamrock, new york, only mid-30s and shamrock lake minnesota should be in >> here's a live view of san jose this morning. we have low clouds and fog across the bay area to start things off. we're seeing mostly cloudy and near 50 outside. keeping our morning tempera

and i think of americans, we don't expect to be behind slovenia or hungary. when i started students first someone showed me a scatter plot of all of the developed nations in the country and on one axis before academic achievement levels and on the other axis was the amount of money that country spent per child on their public the public education system. we were in the cochran -- quadrant that you don't want to be in which you spend a lot of money and have poor results and the only other country that was in that spot was langsam -- luxembourg. i have no idea what they're doing in luxembourg but apparently it's not good. the problem with this notion is that for decades now people have been pushing this idea that what we need in order to fix the system is more money, more money, more money but when i got to d.c. i knew first-hand that was not the case. we were spending more money per kid in d.c. than any other jurisdiction in the entire nation and the other results, go school districts right across the river in newark new jersey spending $22,000 per kid and get

and i think of americans, we don't expect to be behind slovenia or hungary. when i started students first someone showed me a scatter plot of all of the developed nations in the country and on one axis before academic achievement levels and on the other axis was the amount of money that country spent per child on their public the public education system. we were in the cochran -- quadrant that you don't want to be in which you spend a lot of money and have poor results and the only other country that was in that spot was langsam -- luxembourg. i have no idea what they're doing in luxembourg but apparently it's not good. the problem with this notion is that for decades now people have been pushing this idea that what we need in order to fix the system is more money, more money, more money but when i got to d.c. i knew first-hand that was not the case. we were spending more money per kid in d.c. than any other jurisdiction in the entire nation and the other results, go school districts right across the river in newark new jersey spending $22,000 per kid and get

germany, luxembourg, hungary, sweden, the countries that have done well. the countries that had the biggest increase in government spending have done very poorly. the growth of employment from 2007. you can also look with regard to gdp should come, the ones at the biggest increase had the worst growth and tone. here's the problem and that is this notion that government then they'd goes and creates wealth. the most basic problem with that is you have to realize the money comes from someone. if the government spends our money, that means taking money from someone else in terms of borrowing or taxes taxes to reoffend if it's money that lowers the value of the dollar as a people already have. so with the government stealing is moving from where you and i would rent it. the come amazed that would've got those resources and hire those workers to the places the government wants to go. you look at this and it doesn't seem to be doing a very good job of that. there's other measures. the interesting thing with krugman is when he put together the graphs in "the new y

. >> there is a cardinal from milan who is a strong possibility, hungary, the czech republic but a couplementioned as well, from l.a. and boston. so certainly a possibility. typically the pope is from europe. so it would be unusual if the pope was from outside of europe. so that would be interesting to see where the church goes from here. >> you've been to the vatican, i've not. i'm looking at the pictures and i'm also looking at how beautiful the surroundings -- >> it's stunning. every single inch is a masterpiece of artwork and statues and just unbelievable decor. we're looking at the outfits they are wearing, literally from the middle ages, the style and the color. so this is something that we will be following throughout the day. once there's smoke coming from the chimney, ktvu will cover that. >> we're watching history, we're watching it live as the cardinals are making the procession into the sistine chapel. imagine sure you stay right -- make sure you stay right here and you can get the information at ktvu.com and go to our home page and click on the papal conclave. you can also fe

philippino cardinal and one from hungary.nother. they have to vet the potential candidates. they also need to promote the ones whom they think would be the best pope. so there is a kind of politics. i'm sure none of this politicking, however, is that of self-promotion 'cause it would be crazy for anyone to want to be pope. it's an office of tremendous sacrifice. i'm sure that they're in fearful awe, even terror, about the possibility of them coming out pope. >> they will have a brief rest and then they will head into the sistine chap toll begin the voting process. the conclave will last probably two to three days. fun facts to know, the longest conclave was in 1268. it lasted almost three years. i don't think we'll be here that long. because the longest in modern history was five days. that was to elect pope pious xi. >> brian: if that happens, are we subletting your office and your apartment if you're there for three years? >> well, if you water my plants and take care of my cats. >> brian: all right. fine. i'll water someth

. >> very interesting compromise candidate could be cardinal of hungary.rvicing too much, but you say he's a very interesting character. >> he's a very interesting bishop. because he became a bishop at a very young age and not only that, but he was elected the president of the european bishops conference. so he's got backing from all of these bishops in europe and cardinals who respect him and like him. you know, his major handicap is he's young. >> he has some american contact as well. >> absolutely. he got a research grant to study at the university of california at berkeley. that would be something to have someone connected to berkeley become the pope of the catholic church. >> the other person that the italian press are really looking at the american, cardinal am sean o'malley. this is a surprise that emerged a few weeks ago. what is it about him that the italians like? >> well, if the election was up to the people of rome, sean o'malley would be elected. the newspapers have been having polls. they just love him. his brown robe. his beard. he looks lik