as the japanese advance, so did i-india in 1941. a year old had to be sent out to the countryside to live with his maternal grandparents to keep them safe from the bombs. now shares maquette and, where his maternal grandparents lived as special associations for all indians because of kaikoura, the poets who wished to merge eastern spirituality with western science. sen, maternal grandfather was on the top of google for school in china cat. at his grandfather, sen recalls are for unaffordable, it while the stars come attacks to be about connections between greek and scan script. and little amartya was the favorite grandchild, the only one who was drawn to his grandfather scholarship. i was going to be the one who carried the mantle. this was a tranquil oasis, but that didn't mean that shanta mccain escaped the peoples of the time. at the time as the death in 1941 come into court as deeply disenchanted the west and professed to see no difference between the allies and the axis between hitler and churchill. the war accelerated the fina

of course, india is now my home, and also i want to describe myself as a messenger of india, because buddhist. particularly i consider myself a follower of india's ancient institution of nalinda. anyway, but in india some custom is something a little like they call dowry or something. so the daughter sometimes is -- >> larry: do you speak out in india about this? >> yes, yes, in india. >> larry: all right. we'll talk about haiti next. okay, class, our special guest is here -- ellen page. hi, ellen! hi, ellen! hi, ellen! hi, ellen! we're going on a field trip to china! wow. [ chuckles ] when i was a kid, we -- we would just go to the -- the farm. [ cow moos ] [ laughter ] no, seriously, where are you guys going? ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! ni hao! [ female announcer ] the new classroom. see it. live it. share it. on the human network. cisco. the one time of year red lobster creates so many irresistible ways to treat yourself to lobster. like our new wood-grilled lobster and shrimp with parmesan scampi... our succulent lobster

of course, india is now my home, and also i want to describe myself as a messenger of india, because i'm buddhist. particularly i consider myself a follower of india's ancient institution of nalinda. anyway, but in india some custom is something a little like they call dowry or something. so the daughter sometimes is -- >> larry: do you speak out in india about this? >> yes, yes, in india. >> larry: all right. we'll talk about haiti next. imagine being at thirty thousand feet with a plane full of kids. and you have a heart attack. that's what happened to me. they said the quick thinking of chewing an aspirin probably kept me alive while i was on the plane. i'm on an aspirin regimen now. my doctor told me it's the easiest preventative thing you can do. [ male announcer ] aspirin is not appropriate for everyone. so be sure to talk to your doctor before you begin an aspirin regimen. to take care of yourself, to take care of your heart, see your doctor. simple. [ male announcer ] learn moret at iam [ children shout] come on, kiddo, let's go. [ laughs ] hold on a second... come on up here

. >> a maryland company may be doing big business in india.e are taking a look of the business news in the bloomberg business report. i will not get you involved in the discussion about the marriage service. >> please do not. skin-care products, you have to have those. good morning. a new market here may be opening up for lockheed martin in india. the government there may allow a direct investment into their india defense sector. it may try to reserve the right to control production. it could lead to better technological expertise in india. stock futures are a little bit higher. all three indexes fell from their 18 month high. there are some warnings about european debt again. specifically in portugal. we have to worry about their debt problems as well. ben bernanke will testify at a house hearing on have the defense plans to roll back its stimulus efforts from the economy and the treasury getting ready to unload its stake in citigroup. it will be a step closer to exiting the top program. americans will not buy a toyota. about 40%, after those

security focus whether india or in this case be one.so i think it's the sense of being old is used. we can say this on c-span but they always talk about pakistan q1 naivetÉ been used in the runaway and whether that be regards to india or afghanistan so that sentiment is certainly there. >> before selling these guys to the back of the room to sign books, i wanted to mention to everyone that if you are interested in these questions of the region, you're in luck. there are a couple of additional ovens that we're sponsoring over the next two days that you should try to make plans to attend. the first of which is in the event with photographer lewis blew who will be showing his photographs from the southern part of afghanistan. he spent the last three plus years there autographing and he will also be playing in audio slideshow and talking and showing videos that he shot over there. i've seen the material, it's really outstanding and you should try to attend. that is at 8:00 p.m. this evening at the bridge progress of arts center at the end o

they can go to india or come back. the difference of that which is that they were on travel expense of they went to india but if it went back to washington it was out of their own pocket. they continued on and it would take another month and were optimistic he could go back and explain everything one more time and maybe beyond the dock when they got to india. airline service roche a letter to her parents from the ship and i would like to read you a portion of that. this is the final part for the bitter enemies and everything should be cleared up and the insinuation and cruel persecution in a terrible thing of never accusing a man of something he did not do that never giving him a chance to defend himself should be over. we had five years of it and that is just enough and too much all because he and others have the courage to report the truth about china. if only we were still in washington all of this should have been cleared up 10. here we sit in the pacific ocean able to do absolutely nothing caught between this the

they even have this idea the rate of growth could never be strong in india and it only change when india deregulated, went capital from elsewhere became available to india through capital markets so a state-run bank can put a clamp on an economy and say you can grow in a little bit but not a lot. what you get then is well, the growth rate below where you wanted to be come a larger unemployment in sorrow. you look at a country like germany and there are a lot of good ideas in germany. a lot of people who would create jobs that they could get the money for their ideas in for a long time they didn't because of the dominance of the whole state structure or japan, the post of things. they want exactly liberating for entrepreneurs who chose to come to the n so the rest of the world was a free rider on our banking system for a long time foreclosured had floods and the policy now was wrong. too big to fail is wrong. we are going to have more trouble because of that doctrine, but i wouldn't say private things are bad. on the contrary, they create growth and i want to mention also that someone lik

>> china and india are laughing at us. the best thing to happen to china would be for us to pass something unilaterally. they are still cranking out coal-fired generation plants every week. they are anticipating a lot of jobs coming from the united states to china. they will impose restrictions on themselves? not a chance. i spoke to these people when i was in copenhagen for my famous two hour visit. >> senator kerry said that this is about creating jobs in a green economy and climate change legislation is along for the ride. the finding that could make you vulnerable? >> i do not believe that it is creating a new economy of jobs. right now we are leading in jobs in the specter -- spectrum where we are creating the most energy. right now we are dependent on coal for our generation. next in line as oil. and gas. we are starting to work on nuclear, something that is good. that would produce a lot of jobs. but green jobs, it sounds so good, but when we get specific, even barbara boxer cannot come out with anything sellable in

up next, taco bell is opening its first restaurant i india.cial items on the menu. >>> baby carries linked to three deaths are recalled. jolly maker smockers closes some of its plants and taco bell make its debut in india. elizabeth mcdonald has more. >> reporter: housing struggling and new house sales falling dipping by more than 2% in february, hitting the lowest level on record. some good news here, new home prices rising by 5% last month. the dollar hitting a 10 month high against the euro. the euro falling on worries that the greek debt mess will start spreading to other countries. >>> a company called infant ino recalling more than a million baby slings. the government saying that the baby carries could suffocate infants. the slings are linked to three baby deaths. >>> smockers is in a jam. the maker of jelly and folgers coffee cutting four plants and cutting 700 jobs. the move will save the company $60 million a year. >>> taco bell opening up its first restaurant in india. the location has special dishes for the local population, spicie

made this nuclear deal to start sharing nuclear technology with india, the pakistani thought here we. we're next and they didn't get it and now they're angry. you've got 180 million people. you've got nuclear weapons. you've got al-qaeda based in the country. all they want is to have the pakistan problem viewed as a pakistan problem and you've gone now from pakistan/india to this silly moniker afpak. what do we have to do to be referred to as that problem? it's that sense that it's sort of an attachment to what is a larger u.s. security focus, whether it would be india or in this case afghanistan so i think it's the sense of also being always used. there's this -- we can't say this on c-span but they always talk about pakistanis feeling like they've been used and thrown away. and whether that would be with regards to india or afghanistan so i think that sentiment is certainly there. >> before sending these guys to the back of the room to sign books, i wanted to mention to everyone that if you are interested in these questions of the region, you're in luck. there are a couple of addit

what do china, india, japan know? russia? that we don't know. they clearly know what america has known for years, that the direct investment alone with worth the cost and the indirect benefits have provided economic drivers and scientific discoveries that far exceeded expectations. think about what human space flight has done for america. the hubble space telescope, one of the greatest pieces of technological advance in our society. unfortunately, when it was launched, it was launched in a flawed vehicle. it had a flawed refracting mirror on it. basically a $2 billion piece of junk we put into orbit. but because we had human space flight capability we had men and women willing to take the risk to go to space they went up, rethared telescope four times, brout it back and made it one of the most incredible pieces of technology in our society, images from across the solar system and the universe that wouldn't have happened without it, wouldn't have happened without human space flight. and we are losing this with the president's budget. the presiden

. >> rose: how do you measure india's interest in afghanistan? >> they have relations.usly, their interests cannot be the same as ours because we share a border. they do not share a border. we have been impacted. they have not been impacted to that extent because even today, we have three million refugees living in pakistan. afghanistan is a land-locked country. the bulk of their trade is carried through pakistan. practically our economies are one. culturally, linguistically ethnically, there are commonalities, which afghanistan shares more with pakistan than india. >> rose: drone strikes on the afghan-pakistan border, including north wazirstan, are seriously disrupting al qaeda. that from the american c.i.a. director. how do you see it? what is your appriseal of al qaeda's disruption? >> he's correct. they've seriously disrupted them. they have successfully taken out many high-value targets. yes, that's correct. >> rose: is al qaeda on the run? >> i think so. >> rose: so what happens to osama bin laden? and zou hiry. >> i think they're losing support, certainly in paki

we're working closely with india. india wants to build 1000 universities of the next few years and we can be part of that amazing program of education expansion. but the fact is that we've got to get the world talking together about how each continent and contributed -- can contribute to the growth. there are issues of trade imbalances and reserves by different countries -- all of these are holding back the growth that we need to see in the world economy. i think that is the worry that i have at the moment. i think we will get -- we could get insufficient growth in the rest of the world. >> right here. >> you mentioned in your speech that policy and character went together. and that they would both be part of the electoral campaign. your character has been in focus for the last few months. what gives you confidence that you can win the battle of character with david cameron? >> it is not for me to judge the final outcome of this, but the british people. [laughter] but i look for to put our achievements to the british

if china and india and the u.s. all free, flourishing liberal democracies, your futures, i think, would be much brighter. china is worrisome because is a -- an unstable political situation because it is governed by this one party that does not have much legitimacy except that they have been doing a good job of keeping economic growth going. but if economic growth slows down, it could go in another direction. it is right of you all to think a lot about china and to learn a lot about china and india, i would say. your generation is going to be much more focused on asia than mine has, probably. when i went to school, we learned about europe and asia was a secondary thing. for you all, china and india are a large part of the future. host: growing up, many fathers say, and each your meal because their return and india who are starving. -- eat your meal because there are starting children in china and india. now he says, each more meal because -- eat your meal because there is competition. guest: it is an achievement for

if china and india and the u.s.all free, flourishing liberal democracies, your futures, i think, would be much brighter. china is worrisome because is a -- an unstable political situation because it is governed by this one party that does not have much legitimacy except that they have been doing a good job of keeping economic growth going. but if economic growth slows down, it could go in another direction. it is right of you all to think a lot about china and to learn a lot about china and india, i would say. your generation is going to be much more focused on asia than mine has, probably. when i went to school, we learned about europe and asia was a secondary thing. for you all, china and india are a large part of the future. host: growing up, many fathers say, and each your meal because their return and india who are starving. -- eat your meal because there are starting children in china and india. now he says, each more meal because -- it is an edge even forced the united states deserves some credit. we provide

-india dialogue. i think we are satisfied with the level of engagement that we have across a wide range of issues with the indian government. we will have a similar conversation with pakistan this week on a wide range of issues from agriculture, water and energy, economic diplomat and finance, defense and security, social issues and public diplomacy. we are broadening and deepening the relationship with india and pakistan and are looking for ways in which we can continue to encourage the countries to increase their dialogue as well. >> follow up to the question asked last week. pakistan and iran signed a plan last week. are we supportive of the plan between the two countries? >> this is a decision for pakistan to make to read our concerns about the world that pakistan please in the region and beyond is well known. we continue a wide range of discussions not only in the region and around the world in the nature of the future economic transactions between pakistan and iran and we will continue that conv

when capital from elsewhere became available to india through capital markets.e run bank can put a clamp on an economy and say you can go a little bit but not a lot. is way below where you want to be and larger unemployment and you look at a country like germany and a lot of good ideas in germany or people who would create jobs if they could get the money for their ideas and for a long time they didn't because of the dominance of the whole state structure or japan or the postal banks. they were not liberating for entrepreneurs who chose to come to the united states. the rest of the world was a free rider on our banking system. it had flaws. too big to fail is wrong. going to have more trouble because of the doctrine but i wouldn't say private banks are bad. they create growth and someone like bill gates got something from government but also created quite a number of jobs. i don't agree that clasping that with medicare, government and seniors lie about medicare and medicare is -- property is important. it is the number one thing for getting the economy back. get

you want to talk about india? >> we do. another thing that supports the bullish trajectory in the second quarter is the relationship between currencies and the local markets. so what you can see here, generally speaking, you can see that if we had dollar-india on the downside, when it goes down, the dollar goes lower and here the sensex goes higher, you can see that the dollar india goes to the downside so that applies that the sensex has upside to it. so here, if tinldihe indian mon going high, that is a good sign that the markets are expressing further risk on the trading. >> so what do you suggest that people buy? >> one of strongest is lower dollar india here. and number two, the indian stock markets are doing well, and the sensex and the bolsa and other markets, and it is a good sign for stocks and therefore a good sign for global markets. >> okay. chart four? >> well, this is the most important chart we think this year, and it is interest rates as you have seen the move that we have seen just today. this is important,

india has been on high alert since a blast in western india killed 16 people last month. thousands of anti-war demonstrators marched through the nation's capital on the 7th anniversary of the war in iraq with a plea to end it. >> no justice, no-- >> many there expressing their concern that health care and the economy have been overshadowed by the wars overseas and eight people were arrested including activist cindy sheehan. tell us about sports. >> the biggest upset to hit the ncaa tournament in years. number one overall seed kansas ousted by little northern iowa. how about the panthers, a shot he will never forget, a three-pointer to put the game away. and st. mary's taking on number two villa nova, 75-68. omar, the star there, another ind sind rella, the doocy household not happy and president obama as bracket destroyed as well. kansas not good for them-- >> destroyed. >> pitt roll on. coming up on the show, the health care vote. our big story today. how exactly will it affect you. dr. mark segal has read through the entire bill, 2700 pages. he's here to break it down.

another american, david headley, pleaded guilty to helping plan the deadly terror attacks in mumbai, india. headley admitted attending terrorist training camps in pakistan and making five trips to india to videotape locations for the 2008 attacks. 170 people were killed. although cia director leon panetta told the "washington post" this week that al qaeda is on the run overseas, the recent arrests of americans in the war on terror shows islamic extremists still have tentacles in the united states. >> unfortunately what you've seen is a number of americans falling in to the orbit of al qaeda or other extremist groups. >> reporter: five students from the washington, d.c. area were charged in pakistan with terrorism. in yemen, a new jersey man is in custody with suspected ties to al qaeda. and dr. hasan killed 13 colleagues in ft. hood. he had connections with anwar al awlaki, who last night released an audiotape that seemed to call for more attacks. >> how can your conscience allow you to live in peaceful co-existence with a nation that is responsible for the tyranny and crimes committed aga

market towards india and china. in india alone, they've doubled their exports to india.e u.s. is no longer their largest export market. china is. so, you know, saudi arabia's really kind of not looking -- it's not facing the u.s. this is a generational shift. i mean, for 30 years, saudis' biggest consumer, their biggest issue and concern was how the u.s. would react to what was going on in the oil markets. they don't have that fear anymore. >> addison -- >> it's a really interesting point, about both india and china. mark? >> i was going to ask addison -- i'll start with addison. would you please tell me what the demand-supply situation for world oil is? i mean, it seems like every five years, somebody scared the bejabbers out of us, saying oil's going to go to about $1,000, et cetera, and yet today, we've seen a very quiet oil market. where do we stand in terms of global supply and demand? are we in balance or what? >> we're actually very well balanced, and that's why you've seen prices not really moving outside of a band. we did move up at the end of last year and stay

better economy i would bet on india because they are comfortable with the free flow of information. just as we have been through pamphleteers of khalil streets. guess who interesting to point out what we were saying earlier the third largest population of muslims in the world. but this is a country that believes in democracy, believes in freedom, believes in development, business development, so it isn't necessarily an obstacle that point needs to be made. >> host: i was in india for an election watching and the hindu prime minister got defeated basically by a roman catholic woman, sonya, who stepped aside in order to have a president sworn in by -- become prime minister sworn in by a muslim president and to me that's the type of thing you are going to have to be able to pull off in the 21st century if you were going to be a great country. >> guest: can't imagine that in china, can you? >> host: you can imagine it in the u.s., different religions in fact balancing tickets. george bush on domestic policy, be read my lips pledge and it goes against that. that is in your book. >> guest

india, latin america. china is a little further up on the trend curve right now. >> burberry's runway show during london's fashion week also created a 3d experience, right? you tied locations around the world. how is technology, whether 3d or social networking, mobile phone applications, changing the business? >> it's changing it dramatically. and dynamically. i mean, you just -- it can't even be part of your five-year plan it's happening so quickly. but it also allows you to go back to some of the old traditional metrics because the reach is just unbelievable. we hit a million friends on facebook today. the largest in the sector by a long shot. but christopher goes on every year -- >> creative director? >> creative officer christopher bailey. incredibly talent. talks to the consumer about what's coming. a week before the show he's in the design studio talking to customers about what's coming and how exciting it is. it can be so inclusive. you've got the music. the customer can really feel the brand and th

if china and india and the u.s.free, flourishing liberal democracies, your futures, i think, would be much brighter. china is worrisome because is a -- an unstable political situation because it is governed by this one party that does not have much legitimacy except that they have been doing a good job of keeping economic growth going. but if economic growth slows down, it could go in another direction. it is right of you all to think a lot about china and to learn a lot about china and india, i would say. your generation is going to be much more focused on asia than mine has, probably. when i went to school, we learned about europe and asia was a secondary thing. for you all, china and india are a large part of the future. host: growing up, many fathers say, and each your meal because their return and india who are starving. -- eat your meal because there are starting children in china and india. now he says, each more meal because -- eat your meal because there is competition. guest: it is an achievement for the w

but all of the other markets east to the middle east extreme vibrancy, especially markets like india. we're seeing a level of excitement that's unbelievable. we're also seeing a lot of vibrancy in south america, south of mexico. especially markets like brazil. a lot of optimism. people are feeling great about the market. i think the slowness is really in east and western europe and north america and mexico. so those are the markets we need to have targeted attention to and figure out how to get the unemployment rates down. it's not just gdp growth. we have got to address jobs. >> and most important message you want to leave with analysts and investors today as you continue this two-day analysts meeting? >> that pepsico is an incredible company with a great heritage and great past and even brighter future ahead of us. >> my thanks to indra nooyi, ceo of pepsico. >>> up next on the "wall street journal report," the fashion view from europe. their raincoat was worn by british soldiers 100 years ago. now burberry is a luxury brand with global reach. how is business doing now? >>> become a

on who would have the better economy i would bet on india because they're more comfortable with free flow of information just as we have been ever since pamphleteers on colonial streets. >> guest: i agree and interestingly to point out as you were saying earlier the third largest population of muslims in the world, but this is a country that believes in democracy, believes in freedom and development, business development, so it isn't necessarily an obstacle and that point needs to be made. >> host: when i was in india few years ago for any election just watching and the hindu primm minister got defeated by basically a roman catholic woman who stepped aside to have a seat to become president sworn in -- amine primm investor, sworn in by muslim president, and to me that's the type of thing you're going to have to be able to pull off in the 21st century if you are going to be a great country. >> guest: can't imagine that in china, can you? >> host: you can imagine it in the u.s.. >> guest: absolutely. >> host: def religions -- different religions. george bush on domestic policy committe

when you think about the global economy, china and india don't hesitate to encourage their top students to pursue science and math careers. they know that it is this expertise that will discs tate their count -- dictate their countries' futures. america is losing ground on this. calling into question our own future. the problem with test scores in science, math and engineering fields are well publicized. students lack well beyond their indian and asian counterparts and we risk losing excellence that is necessary to meet the needs of our future. harvard university and many others recruit top students from china to be educated here in america. why? because chinese students are focused on a top education and test scores reflect that. after those students receive a top-tiered degree, they go back home and we'll not benefit that from that knowledge. and here at home, we have american students graduating from high school needing remedial math courses to start college-level math. we have de-emphasized the difficult problems and soon to choose the path of least resistance. while solutions may r

india has a legitimate interest even though they don't have a border. iran and pakistan are the two lowest important countries with common borders. i just visited two of the others, uzbeckistan and tajikistan and i missed turkmenistan and only because logistics and i will go back. now, having said that i need to stress pakistan and india have historic relationships which people must respect. it is complicated. its origins go back to 1947 and before 1947 ayman and mature student of that history but i don't profess to know a lot about eight, but what happened then affects us today but i need to stress both countries have legitimate security interests, and if one country says the other has no interest, then it's hard to have a dialogue. that is why president obama said we encourage any sort of dialogue between the two countries, and afghanistan is not the core of the issue but it is part of the issue. the other issues i would mention are critical of water. water is a huge issue and increasingly on our trips people in both countries talk about water, and ov

but india is still a much more internal economic story. china is a more integrated economic story with the world. i imagine we could be sitting here talking about india has an integrated economic story. but that flies -- and again has taken the path we would develop internally before opening up to the world commercially. china is taking the path of we will but will commercially in order internally. those are two different pathways both of which seem to be viable right now and not competitive. so, i'd think there's a lot to be set of both the demographic paths here and i don't think that either is going to imperil this development, certainly not in the next decade or so. i do want to end with one exportation which is that you buy a book which is in case of this exhortation because and author wants to be able to sell books. it's because books are one of the only things that are still made in the united states. [laughter] and so if you want to support the future fertility of this economy in the system pleased by ebook, two, three, not for me

we certainly encourage the dialogue between india and pakistan. the issues that are part of that dialogue need to be addressed, and resolution of them between the countries would be in everyone's best interest. i want to underscore that our goal in the obama administration is to make clear that we are going to be a partner with pakistan, going forward, on a full range of matters. we cannot dictate pakistani foreign policy or indian foreign policy, but we can encourage, as we do, the in-depth discussion between both countries that we think would benefit the each of them with respect to security and development. >> can i also respond to you? you see, in the discussions that we have had, we underscored the importance of the bilateral track. the last few years, the bilateral track was subsumed -- understandably so. we have now refocused on the bilateral track. that means that our relationship goes beyond afghanistan. it has been discussed that the long-term u.s. interests lie east of afghanistan. that is to be understood. as far as india is concerned,

in india it is minutes.ou know how that technology read each or they each have a certain amount of minutes and you can add a lot of revenue. technologically that may be too possible a decade ago but not now. these are just examples again, where he think i think if people look at the african market with its true potential and we try to deal with some of the basic issues of security, regional integration and infrastructure that can make a huge difference. one last point and that is to connect china with the africa model. one of the intriguing things coming out of this crisis and i don't want to oversell this but i think it is quite interesting, is that the crisis started, the provincial party secretary, one of the newspapers points out kwon if it were a country would be within the top 10 exporters of the world. at the start of the crisis said something that wasn't too popular with everybody but it was a very pointed observation. he said maybe as this crisis moves beyond we shouldn't just be involved in the chr

in india it is 80% to 90%.he heart surgery work being done in indian hospitals, it's as good as it is in the u.s. it's much cheaper probably because they don't have some of the lawsuits for malpractice but it's productivity issue. they move people in and out. there are some very interesting lessons here, particularly if k"táechnooéy. telecommunications, this is another one from the indian context, but you can see the south-south connection. for enough you who have worked in the telecommunications industry, you know that the business model is y%á@@@ @ @ r >> it is not too costly now. these are interesting examples, where it people look at the african market with its true potential, and we try to deal with some basic issues, it could make a huge difference last -- difference. the last point is to connect the china with the african model. i do not want to oversell this. the provincial party secretary in china, as one newspaper points out if it were a country, it would be one of the top 10 exporters in the world. t

>> guest: he hated the east india company.ht that was a huge mistake, one of the worst things the packet happened is to have merchants will warblers become merchants basically. he goes merchants have an interest that is quite different from the interest of the citizens. and so we actually wanted to disband it and that's one of his major recommendations in "the wealth of nations" and quite a shame, something of a betrayal of his legacy that even his friends kept the east india company going after he died. let me just say in connection with what russell just said, i agree with all that. i infected even out in the context smith is also worried about the king corrupting the democracy because he was capable of buying out the voters in many places. i would say that here, libertarians who use smith to cry against big government do have a point. i think whether you're on the left or the right, when did you learn from smith is that government can't solve all our problems and some of the reasons for that don't have to do with the faults

and in india, i'm afraid we were promised everything and nothing ever happens. and that is unfortunate. and it also means that i'm afraid we can't believe a lot 06 what we're told there because they don't deliver. so, you know, if you ask me where we find it easy to operate, it's pretty clear, i think. >> interesting. get your thoughts on the prot broad macro economy. sings like that fitch portugal downgrade this morning aside, we keep hearing good things about discretionary spending, at least stateside here. markets have been on a fairly good rally. you've made optimistic comments about the economy overall. do you still feel the same way? >> well, i think as far as the uk is concerned, as you'll understand, we're in the silly season. we're just a few weeks from the election now. i think it's clear to virtually everybody that public spending has to be brought under control, that the huge deficit, which we now have which is the biggest in our history can't remain at that level and whoever is going to form the next government has to do something about it. but, of

we're seeing it in india, we're seeing it in china. so it's a different set of circumstances now. the markets have rallied significantly. they're no longer cheap. the monetary policy situation is going to be a headwind, not a tailwind. so you have to look at this from a risk/reward basis. at these levels, we feel that there's a -- as much to risk or lose as there is to gain. so in that sense, we want to begin to, you know, pair back our equity exposure. if you're a short-term trader, that's a different story. stay in the game. you're more nimble. we'll buy in front of 1150. but somebody with a bigger picture time horizon, six months or a year, should, in our opinion, start scaling back their equity exposure. >> bill, very good. let's continue that conversation and more strategy in just a little bit. bill strazillo stays with us as does julian pendock, our guest host for the hour. still much more to come on "worldwide exchange." while your investments may not pay, crime doesn't, either. more after the break. >>> welcome back to "worldwide exchange." let's cross live to tokyo and ch

, and we certainly encourage a dialogue between india and pakistan. the issues that are part of that dialogue need to be addressed, and resolution of them between the two countries is certainly in everyone's best interests. but i want to underscore that our goal in the obama administration is to make clear that we're going to be a partner with pakistan going forward on a full range of matters. we cannot dictate pakistani foreign policy or indian foreign policy, but we can encourage, as we do, the in-depth discussions between both countries that we think would benefit each of them with respect to security and development. >> can i also respond? in the discussions we have had, we underscored the importance of reviving the bilateral track. in the last few years, the bilateral track was undercut because of the current situation. we have refocused on the bilateral track. that means our relationship goes beyond palace then -- goes beyond palestine. our long-term interests lie east of palestine. that is to be understood. as far as india is concerned, they ar

what does it mean to send out were soldiers who software is written in india? but warfare just like software is going open source. that is the other ripple effect. they're not like an aircraft carrier they need a massive industrial structure to put them together. they're promotional or off the shelf. you saw the video of the raven drawn the most widely used you can build your own version $41,000. so that means we have a flattening effect when it comes to war if not just the big boys can utilize the best technologies of the scandal and interesting directions one of the stories is of a group of college students that wanted to do something about genocide in darfur they held a fund-raiser and raised half a million dollars. upon which the college kids injured into negotiations with a private military company for the rental of a set of drums it would deploy to sudan how the negotiations with the private military company out of their dorm room. they have been between estate and a nine states actor by both sides flew drones against each other. hezbollah may not have a

only after you are published half of the beside you are in india.[laughter] >> figure for coming in. [applause] >> wrapping of a panel of the festival of books on how to write history for a popular audience with hampton sides and jeff lynne and james donovan. complete the survey for the session and the festival and please everyone turn off your cell phones at this time. it's >> it is an extreme honor for me to introduce a new york times best selling author, one of america's true heroes, general anthony zinni. general zinni survey distinguish career in united states marine the ku core instead of to speed the review was severely wounded all's well as philippines, iraq, kenya, and the persian gulf. he has received 23 military service awards including the defense distinguished service medal with the oak leaf cluster and also participated in numerous presidential diplomatic missions. the latest book "leading the charge" leadership lessons from the battlefield to the boardroom" includes a visitor approach to leadership and challenges of the 21st century.

have been together for just one year, but they are making an impact in the region with a concert in india identity is important for us. identity has always beenmisusedd message for afghan years. we want to be known as afghan. -- this is a good message for afghan youth. >> the message of the band could come from the 1960's. peace and love. >> in our songs, we use words of love and peace which does not necessarily refer to girls. it is our country. we want to live in peace. >> ♪ come on >> couple dreams was to bring a cosmopolitan flavor to afghan music, to keep -- kabul dreams wants to bring a cosmopolitan flavor to afghan music. bbc news, afghanistan. >> you can find the story and much more at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, andthe john d. and catherine t. macarthur foundation. and union bank. >> union bank offers unique insight and expertise in a range of industries. what can we do for you? >> i'm julia stiles. >> i'm kevin bacon. >> i'm kim cattrall. >> hi, i'm ken burns. >> i'm lili taylor. >> i'm henry louis gates, jr.,

more than 4,000 kids had it in russia, china and india. the drug resistant strains are spreading and countries need researchers to work on ways to stop it. one huge pot fine in the shenandoah valley. workers were surprised when they got the delivery. the bar codes didn't match the equipment. they are trying to find out if the pot was meant to be shipped there or headed somewhere else. it weighed almost a ton. >> 1,840 pounds of marijuana were seized in 80 separate containers. each holding about 10.4 kill low grams. >> investigators think the marijuana came from mexico. the estimated street value 2 1/2 million dollars. >>> tonight there are accusations the boy scouts of america is keeping an extensive archive of documents chronically the sexual abuse of young boys by scout leaders. that is according to the lawyer of an organ man suing. >>> a homemade zip gun, explosives found under cars targeting police officers. who investigators believe is taking aim at the men and women in blue. plus. >> why do people think the roads were built for bicyc

the g8 did not include china, did not include india, did not include brazil, did not include south africa. and dolly very important economies, the vital for the future of our globe, are now part of the premier forum for economical operation. and what i want to persuade all countries of china, america, the european union, all of us were part of the g-20, is that the progress that we made last year was significant. but if all you do is prevent a recession, turning into a depression, which is an important a thing, but do not rebuild for the future, then the danger is you are allowing the world to fall again into the possibility that you may have another financial problem of globalization. to we have not only to secure the recovery, a by the investment that we make as a world community, the protection we give countries that are in difficulty, but with also got to go for the future. china has an incredible important role in this, working inside the g-20. and i want to meet the g-20 which is a new organization, not simply a group of people who meet every few months, but don't formulate a growth

under "help," it just says, "seriously, you live in india.ou fix it yourself. [ laughter ] you call you, right?" actually, a new study found that facebook is now the most popular website in the united states and hey, myspace is still the 30th most popular at myspace headquarters. [ light laughter ] you guys see the "gq" pictures of john edwards mistress, rielle hunter? [ audience groans ] yeah, today, she called them "repulsive." and says she trusted "gq"'s photographer to take classy photos. [ light laughter ] yeah, 'cause anytime i'm on a bed in nothing but dress shirt and underwear next to a dora the explorer doll, i think, "this is gonna look classy." [ laughter ] check this out, c-span is uploading 23 years of video on the internet. or if you want to get the sensation of watching 23 years of c-span just watch 2 minutes of c-span. [ light laughter ] this is pretty interesting -- a new study found that dancing comes naturally to babies. their favorite place to get their freak on? all up in their crib. [ laughter ] [ cheers and applause ] t

police in india said that the number of people killed in a fire in calcutta have risen to 24. firefighters spent eight hours tackling the blaze on tuesday. a colonial era building that was set alight. u.s. specialists are planning to link to meet production the climate change. an earlier report evidently exaggerated the link. a 2006 report said that meat production was responsible for 18% of greenhouse gas emissions. but a new analysis calls a flawed. lee gung hee was given a suspended sentence for tax evasion in 2008, given a presidential pardon last year. john is in the capital. >> it is remarkable, he is already a kind of mythical figure in the world of south korean business, widely credited with having drag it up from humble origins to the major of global player that it is today. one of the country's most wealthy men. he was once even rumored to have rented four ski slopes in the french alps for his own personal use did. he released a statement today saying that to maintain its global business position at the time, they hoped that he could work his magic again. >> one of t

but also this surprise interest rate hike by the reserve bank of india seemed to take many people by surprise. and what that means in terms of demand, whether that will slow down, and also whether china will follow india, as well in the hike rates. we saw big sell-off in some of these markets, especially the resource stock. of course japan out of the picture because the markets were closed today. hong kong, the hang seng index bore the brunt of the selling. you can see the market down about 2% hitting a two-week low. any of the interest sensitive stocks like the banking stocks, as well as property stocks were very weak. and like i mentioned, the resources as well. an exception was air china. in fact trading upwards after it said it would be raising its stake in shenzhen airlines from the current 25% to 51%. so in effect, taking control of the company. gives them a bigger footprint in the southern part of china, as well. and last but not least, south korea's kospi down about 0.8%. on that note, i will send it back to christine, i believe. >> saijal, thank you very much for that. comin

a chicago man-- david headley-- pleaded guilty to helping plan the 2008 attacks in mumbai, india. and a pennsylvania woman pleaded not guilty to a terror conspiracy in the so-called "jihad jane" case. >> lehrer: the "newshour" is always online. hari sreenivasan, in our newsroom, previews what's there. hari? >> sreenivasan: watch a conversation with fred de sam lazaro for more on his reporting on water issues in ethiopia. plus, find links to the pulitzer center's web site and "national geographic's" special edition. that's on "the rundown." on health care reform, check out our reel of video highlights where we've distilled the most memorable and critical points on the path towards a final vote. and another preview of ray suarez's upcoming reports from peru. today's dispatch: peru's booming economy, its natural resources and trade partnerships. all that and more is on our web site, newshour.pbs.org. jeff? >> brown: and that's the "newshour" for tonight. i'm jeffrey brown. >> lehrer: and i'm jim lehrer. we'll see you on-line and again here tomorrow evening with mark shields and david

there is no cost that can be put on stabilizing pakistan and no price that can be put on pakistan and india. failure in these developments will hurt our national security, yet a retreat will make it more likely. americans want peace. none of us want our friends or family to be deployed overseas. however, peace will not come until our enemies are within our destruction. until that day, talk of leaving afghanistan means our enemies will bring the fight back to us. there can be no peace in afghanistan. whether we leave today, tomorrow, this war does not end simply because we choose not to be engaged. the taliban will return. with their return, they will expand their efforts and provide sanctuary and will try to continue to murder americans. i hope and pray when our armed forces do come home. until our enemies lay down their arms, our military must remain out there on this wall doing their duty to uphold america's democracy and our safety. we have spent so much time today discussing abandonning our allies. i know our partners were watching what was said. it is my firm hope they see today's vote

a stampede at a temple in northern india killed at least 63 people today and wounded dozens more. it happened in a small town in the state of uttar pradesh. thousands of people scrambled for free food and clothes, at a scheduled donation of alms for the poor. the force of the stampede broke the temple gates. almost all of the victims were women and children. chile will ask the world bank and others to help finance rebuilding from saturday's massive earthquake. outgoing president michelle bachelet said today she thinks the country needs assistance for three to four years to come. and president-elect sebastian pinera laid out his own recovery plan. he said, "the future government will not be the government of the earthquake, it will be the government of reconstruction." hundreds of thousands of homes, bridges, highways and office buildings were heavily damaged in the quake. those are some of the day's main stories. i'll be back at the end of the program with a preview of what you'll find tonight on the "newshour's" web site. but for now, back to jeff. >> brown: and still to come on