a richer china or india in vent new stuff. they make money from patents and royalties, but we benefit, we benefit from those new technologies. richer india and china, africa produce more innovators, many of whom come total united states. a big part of silicone valley is attracting those to technology officers driving the potential of silicone valley. there are huge jump sides for the rest of the world getting better off. >> we have a social media question for you. >> tony b. wrote to us saying: he basically says given your article's conventional wisdom, do you find you are largely alone in your view? >> it's not a hugely popular view, reflecting the sort of washington attitude if one side's up, the other's down. that's a really dumb way to think about its national relations. international relations is largely about positive sums, partnership, meaning both sides are better off. that's true in trade, investment and migration. it's true if we can come to peace agreements globally, areas line serbia. if we can work together with r

the largest spenders in asia were china, japan and india. china's budget dwarfed its neighbors accounting for more than japan, south korea, taiwan and vietnam combined. the report points out leaders in beijing are investing heavily to expand naval capabilities and to develop new and innovative technologies. >> china is the most prominent of these examples is the aircraft carrier -- commissioned in 2012. now currently building two more aircraft carriers and will likely there a fleet of three, maybe four which allows one carrier on sea. since late 2008, early 2009 we've seen the chinese deploy a regular flotilla to the indian ocean. >> the report also notes tensions have become more acute among asian countries rising substantially between china and japan. >> there is a very emotional sense of competition between china and japan currently. that is now transforming into a sense of military competition, albeit with japan ended by its constitution and china still having to deal with a variety of different contingencies around its borders. there is now rea

the rest are from the us india china and elsewhere. is it that the university community center. you had to get into active defense is much more you would get a much larger university. some are limited to mess them. eighteen students to encourage discussion. professor store and ordered from universities around the world with high salaries. in a generous scholarship program has been set out to attract the best students in twenty oh two eastern is the alps and the four thousand dollars but tell from bag of almonds and the university can cover most of the fees scholarships are given on one condition. successful applicants must fork out to companies for at least three years after graduating i am remember a piece from japan graduation is deemed paid for. she's hoping to work for an international organization like the united nations. i might expect the past nine and living among people from all over for the wear on me i can see myself changing me and a meanie that can be resource poor countries singapore dependence on imports for most things evil water it's small toe is our most import

so think about the china-india-brazil equation. in all those countries, you still have many people leaving the rural, agrarian environment and moving to the city. and we are seeing more per child displacement and agriculture worldwide -- more job displacement and agriculture worldwide than in any industry. we are seeing working in a factory in the shoes shoes. this is my black swan. the biggest issue is are we going to create sufficient jobs in the china and brazil and india's as this movement out of the agrarian area into the cities and into these factories, is there enough global gdp? in and you went from 12,000 jobs to 1200 jobs in this one factory -- in india. technology is impacting every country. and it has less of an impact in a country like the united states or europe and japan because we have an aging economy. we do not have that migration out of the moral area like they are experiencing -- the rural area like they are experiencing. this social issue will be the key issue for all of these countries as they try to navigate

india china and desperate need of clean air. it would make sense for china to use color to improve its image. the wife of my cute new captain for air and pay super high price. moving on now to get the price. we lined up all the singers understand the cost of living today we are people in the street to give how much it cost if i don't think i've mentioned. with the look of death the price would not be over a hundred and sixty us dollars. i don't think donkey dry gelatin to be too expensive. against seniors would be the largest group and he's going to go private my mother's bought it for two critical condition. but i don't think they're necessary for healthy people dementieva don't ever want to don't like gelatin could be sold to play from two to eight hundred us dollars a pound. i guess most women would like to teach it to be particularly to women. in a it. some don't like it must be effective or it wouldn't be so famous. if the price is thirty to fifty nine dollars each. i didn't want to buy it because they fall into. it helped h

so think about the chin china-india-brazil equation. in all of those countries you still have many people leaving the rural environment of the agrarrian environment, moving to the city. and we're seeing more job displacement in agriculture worldwide than anyplace. at the same time, we're seeing this technology change even in the factory work, the cities, the biggest issue and this is my black swan if there is an issue some day s are we going to create sufficient jobs in china, brazils, this movement out of the agrar-- a grahnian areas into the cities, the factories, is there enough global gdp. and even in india, going from 10,000 jobs to 1200 jobs in this one specific factory. this whole issue of technology and how it's changing the landscape. it is impacting every country. and it has less of an impact in a country like the united states or europe or japan because we have an aging economy. we don't have that migration of the rural area like they are experiencing. so this social issue that you talked about related to china is a serious i

the summers and in china and india, still a big appetite. -- consumers in china and india, still a bigappetite. they cut back. this year, it is gold for sure. as all reserve its bases safe haven. going forward, the underlying storage the drove entire, it is not there right now. >> thank you very much to stop -- thank you very much. miss it. the third interview of the day. for a preview, let's go to hans nichols. he is in berlin. >> we will he about an hours time looking at european auto sales for the month of january. it is supposed to show the fifth month of the growth. one thing we will drill down to is country by country. a little bit of stimulus and a spain but we will look closely at france. very important with what is going on with peugeot. >> thank you. we'll focus on the u.k. and the bank of england and another policymaker has a spoken. our next guest will way and all policy makers behind the inflation report that came out last week where forward guidance was retargeted. ♪ >> time for today's company news. activis is said to be nearing a deal to buy forest labs. it could be ann

india? how do you believe they should reboot energy sources? >> we are carrying on extensive dialogue of cooperation with china and india, for example. china is by far the largest coal user. around 4 billion tons per year. that is maybe five times what the united states is using at the moment. with both china and india, i will be going to india in about two weeks. i was in china recently. in china, when i was there, all of the senior government officials focused immediately upon the bad air quality issue. it is not just carbon emissions but air quality. the day that i arrived the index in beijing was roughly 10 times and that allowed here under epa regulations. they have a very strong motivation to address emissions across the board, but i also want to emphasize that i would say in all the discussions we have had, their commitment to addressing carbon emissions is real. clearly they are balancing that against economic growth. one of the things we're doing is trying to increase collaboration on the carbon dioxide capture utilization and sequestration technologies that are key for us and them it to be using coal in a low carbon world. >

it is safer than keeping money in india, china and indonesia.ing with that market as well. >> the city of san francisco can't act just alone. i have to talk to counter parts to build enough housing around the transportation corridors we have been building the last couple decades. >> your problem is while oakland becomes the brooklyn to your manhattan, or san jose becomes the connecticut to your new york, the people in the city feel like they are getting priced out. >> if we don't build more housing, by the way to change ways evictions happen to protect long term tenants. if we don't build more housing that pressure will be there and get worse. there are more people coming to the bay area region. >> when you say affordable to a lot of people that's a combined income of under $70,000. in san francisco to be middle class it is $90,000. middle class doesn't qualify for affordable housing and can't afford market housing. >> middle class in san francisco ranges more between $75,000 to $50,000. they are being priced out of two or three bedroom apartmen

500,000 to $1 million in real estate value if you buy in and it's a lot safer than keeping money in india, chinaet as well. >> absolutely. that's why it cannot act alone. my counterparts in oakland, san jose and santa clara so they build enough housing particularly around the transportation corridors that we have been building. >> your problem is while oakland becomes brooklyn to your manhattan or san jose becomes connecticut to your new york, the people in the city feel like they're getting priced out. >> well if we don't build more housing, and by the way we've got to change some of the ways in which evictions happen, protect long term ten abilities, but if we don't build that problem will get worse. >> when you say affordable to a lot of people that's a combined income of under $70,000. come on you know in san francisco to be middle class by your measurements it's 80 to 100. the middle class doesn't qualify for affordable housing and can't afford market housing. >> middle class in san francisco probably ranges between 75,000 to 150,000. they're being priced out of two or three bedroom apartme

i set out to discover countries i'd only imagined -- india, china, japan. before i departed, i never thought about a life of public service. but that trip opened my eyes. it charted my course. i realized how people across the globe were interconnected. we're all in this together. i saw the indispensable role that america plays as a leader on the world ^staeupblg. i-- on the world stage. it was so obvious. i knew right where i was in the middle of that congo. we're so equity cd. the natural resources are diminishing. somehow we have got to work better together if we're going to have better lives. we're so connected. the world is getting smaller and our natural resources are in fact diminishing. we have to find way to work better together. i returned home with a commitment to improve the lives of my fellow montanans and all americans. madam president, i would not be standing here today had it not been for that trip where i hitchhiked around the world. probably the most defining era of my life. it was by far the most consequential. that one year set in serie m

i mean, the asian american population-- india, china, korea, japan-- these are people of higher intrk highest education, entrepreneurial. they should be republicans. 55% of them vote for george h.w. bush. they had a higher percentage vote for barack obama than latinos did in 2012. they've lost everybody. they're down-- they're down to the caucasian caucus, the male-- >> woodruff: you mean the republicans. >> the republicans, the male caucasian caucus. at the presidential level, mitt romney lost by five million votes. i don't know why they won't act on it-- >> woodruff: what happened, david? the speaker was saying some positive things and something changed. >> i like the first part of mark's answer back there. i'm going to make it the ring tone on my phone. what happened is he didn't have his members. that says a lot where party are in general these days, not oim the republican party. parties have trouble being led from the top and the authority in parties is no longer with the speakers, with the leaders, and it's all disbursed. there's a lot of ran for that. some of it has to do with

they have done it with india and china and south korea and mexico, and brazil canceled their own state visit. it is a rare opportunity that will get underway in just a couple of hours, when francois hollande pulls up of the white house and he will get the full military regalia come at the 21 gun salute, the works, so to speak. it will be playing of national obviously with obama standing there, smiling by his side. later in the day, while they go to the oval office, they will have behind-the-scenes chatted. they have a lot of hot topics to discuss, obviously. they are going to emerge, faced the press for the first time him and take questions from hollande willore be heading to the state department, not too far from the white house, with a lunch with vice president joe biden, secretary of state john kerry, and the end he will be rejoining barack obama and head off to arlington cemetery to the tomb of the unknown soldier, pay some respects there, and then pay some respect to world war ii veterans. obviously, the capstone, a marquee event, is going to be the glittering, porcelain-clicking

and china? >> indiarowded market. clearis crowded to, to be , but china is such a huge market, and they are just beginning to see that upgrade from those feature phones. when i say that, i want you to think about those clamshell phones that we used to have. everyone is thinking to upgrade to smartphones. in india, they just seem to be a little more competitive, much more price-sensitive consumers, i would say. >> fascinating. thank you so much for joining us. >> when we come back, ford is giving up on microsoft and turning to blackberry. we will tell you what that means for those companies and you drivers. >> the wine business. hedge funds for the fruit of the vine. ," live onarket makers bbg television and streaming on your phone, tablet, and at bloomberg.com. ♪ >> ford is swapping microsoft for black harry potts software -- blackberry posco software. it is the operating system that runs the communications inside your car. was the time the detroit automaker made this switch? you have seen the microsoft

becoming more and more global so you know once americans are competing head to head with people in india and china and increasingly in other formerly very poor parts of the world the fact of the matter is that you've got some productive workers now who make a lot less than american workers there's no simple way around that except for american workers to take advantage as much as possible of the technology and capital that allows them generally to be much more. only to that extent to the extent that they're more productive than their foreign partner counterparts that american workers can go on earning more than those counterparts so it all depends on having plenty of capital and technology there's no monetary policy that can do that trickle down now ben bernanke he was very concerned about deflation and he made a famous speech in two thousand and two called deflation making sure it doesn't happen here now the interesting bit in his thinking about deflation it was this was instrumental in the fed's keeping interest rates low after the tech bubble and the question is do you think making sure it doesn

india and china two of the world's going toward economic powerhouses know if it was the price of economic crisis comes one week side effects that pollution comparisons are often late between new delhi and beijing for the right song a week sixty has the guts to act but a short td and kept squishing it gets even worse. what drinks and says around new delhi retain the richest a hazardous levels of smoke of the population scarce resources big industry and vehicles or take a toll on the environment around town for more new cars sold the diesel cars the west police and culling the country has made it to add that to combat the problem since the matron was likened to that decade the carrier. this win said pollution readings have suggested sets in levels of toxins or twenty times higher than the world health organisation's recommended in its daily presidents agreed to do that. it sucks anyway the stadium that seem that so instead i had the time has been dug up and going. i bet you you idiot i miss it he wants it makes us slaves time for change now. this is the kind words into action on tuesday att

of an emerging markets problem and it's true as you pointed out that argentina and turkey and india and china brazil i mean they all have their own scripts they all have very very specific problems which are very peculiar to those particular countries that could be can all make financial political or a mix but actually in my view all of the emerging countries many of the big ones really including russia have reached a point in their economic development where the is a hiatus now there's a gap in terms of economic growth expectations and financial stability expectations and i think this is in pots the jew to pass success the last twenty years have been so successful for the emerging markets complex that actually new problems of now are risk about how to sustain progress and. that's really about changes of institutions of political change much more difficult than what happened twenty years ago you claim to aspect by nationalization is well financialization is a situation in which the financial sector increasingly comes to dominate the economy so you see it in a number of ways you see more and m

call with analysts, he talked about the changes he's seen in emerging markets, brazil, russia, india and china. there are also issues specific for cisco. the company has overhauled key products in its core businesses of switching and routing. customers have been stepping back and evaluating whether they want to buy these new products. investors sold cisco today discouraged by the results. bulls say the stock is cheap and they're optimistic cisco will get traction with its new products. >> cisco has the best arsenal in terms of the products going forward. the best experience in terms of navigating prior market transitions and the most flexibility when it comes to the balance sheet. >> reporter: there are also question about chambers, source of tension among cisco investors. his fans say he's grown the company from 2 billion in annual revenue to more than 48 billion since chambers became ceo in january 1995. that stock is up 1,000%, more than the major indexes. in the past ten years the stock is down nearly 10%, way underperforming the market. chambers has indicated he could step down as ceo as

whether i am in india or china there is barely a meeting abroad when i don't bang the drum for whiskey abroad. now of course the first minister fights hard for those deals too but the clout we have as united kingdom gives us a much better chance of getting around the right tables, bashing down the trade terriers getting those deals signed. and the results, scotch whiskey as 135 pounds to the uk's balance of payments every single second. and together we are stronger to lead in the industries of the future. we have the wins of scotland decades in aberdeen and a domestic energy market with tens of millions of people to drive and support these new industries. two years ago we set up the green investment bank based in edinburgh it's invested across united kingdom helping a scottish distillery to fit sustainable biomass oilers financing and energy center addenbrooke's hospital in cambridge. this is what happens will may collaborate. we have come through the great recession together. our deficit down by a third, our economy growing, our exports to china doubled and i believe we stand in much

our lead story today gold now india has long been gold's top consumer however china has recently overtaken india as the country with the highest demand for the precious metal chinese demand for gold bars coins central restored thirty two percent to record levels in two thousand and thirteen even as the price of gold slumped twenty eight percent now according to new data from the world gold council china over took india as the world's top consumer of physical gold importing over one thousand metric tons of the metal to india's nine hundred seventy five metric tons now while gold has taken a wild ride in recent years chinese buyers are obviously undeterred before two thousand and two it was a legal for chinese citizens to own gold but now it seems they just can't get enough of it now the sharp rise in chinese. consumption partially offset a steep fall in gold demand elsewhere and according to the world gold council last year's price slump contributed to a two percent fall in the global supply of gold now green like capital's david einhorn once wrote in freaking piece criticizing the federal

flying to more china, more india, more asia, we are getting more passengers.eans the economy is going up. we are making good profits. >> give us an example of why you're not in asia in a bigger way. some countries -- >> like? >> in china, and india. we are very busy. we are expanding. we are expanding into africa. we are improving. not too longns -- ago you are looking at acquisitions in that you region, portugal and poland among them. that didn't happen because of regulations, as well. >> regulations prevented us. [indiscernible] basically what we are doing, we want to link istanbul to everywhere. istanbul, they are building a new airport. 150 million passengers in capacity. it is bigger than any other airport in this earth -- on this earth. it is the third airport in turkey, but they are concerned $14 billioning, worth of financing may not come through. what if the airport is not materialize by the deadline of 2019? course, it takes time. there could be a delight. i'm not expecting it. istanbul, they are building another one. >> is that plan b? >> it is plan

couple of years and secretary kerry understands this, the big rock in the climate change are china and indiaand what you do this i think the real is going ways to increase gas penetration in china and india as a institution for goal. that's the big decrease. i think with have national plan and technology tan and a policy that moves the markets to reduce those greenhouse gas emissions. i don't see binding targets in the next round. do you see it as something that is moving forward by this or kind of in a perpetual state of -- >> yeah. i think we have a -- i don't know what sports analogy to pick. we have a problem where we tend to look at the climate negotiations as having to be a slam deng or home run or something. feels more satisfying and conclusive than what happens. in between copen copenhagen and now i think the narrative is okay the climate change debate has either gone way or con tegs there's no middle ground. there's a great deal of moderation that happened that overall helpful to the debate. you have an administration now which i'm not trying to defend their position necessarily. bu

before that the disease wiped out industries in china, india, saudi arabia, and egypt. >> that'll do it for this edition of al jazeera. remember, news at the top of every hour, and as always you can get the latest headlines at aljazeera.com. thanks for watching. >> hi, i'm lisa fletcher and you're in "the stream." with dialogue rejected, how will things go in venezuela? everything from dialogue on gas prices here at home. our digital producer, wajahat ali is bringing in all of the

problems of parenting are eliminated with really what grandparent show, and they do this well in india and china japan. >> respect. >> respect. we lost thatwect, to ato a >>ng to helprescertai resgain it. more next on "taking stock."akin ♪t >> this is "taki>> stock" on bloomberg. i am pimm fox. let's go to carol massar. >> coca cola has agreed to buy a stake in green mountain coffee, paying a ut $1.25 billion, $1.25 b they say they will help thee company introduced aanew coldold average system.erage plus, green mountaus, ays it will introduce brewersntroduce e u.k. and one person says he expects the econ y to expand in 2014 and also sees the u.s. jobless rate falling by the end of the year. in a speech today, plosser says seey are loo at the puoo gram going at a faster pace to help tpacenomy. and movies raised mexico's credit after they agreed to oped up the energy industry to foreign investment. it is at a comparable le a compa standard & poor's, and cbs hass, aln eight national league n otball games on thursday night, airing in a primetime oot while beingslot wcast on the nfl network, on cbs.

how do you change america without impacting change in china or russia or india or the developing worldillusion. china and india and the countries that are in substantial carbon emissions were never going to sign the agreement. we and the western europeans would restrict ourselves and lower our economic growth and 0 impact on global warming. until you get the carbon emissions problems to sign on if it is a problem it will not change. >> syria seems to be more of a mess than a week ago. what is happening there? >> you are seeing the vital interest of russia and iran playing themselves out. it is true for three years. it is illusion by clinton and kerry to think that russia would negotiate us out. the iranians would not allow assad to be overthrown without spilling blood. >> is assad winning? >> i think he is winning. i don't think you can say for certain we know the outcome. >> thank you mr. ambassador. john bolton here. >> coming up, the president predicts that obama care might be pop fop in several years. that may not help the democrats. >> rescuers trying to free miners that are deep

india? how do you believe they should reboot energy sources? >> we are carrying on extensive dialogue of cooperation with china and india, for example. ina is by far the largest coal user. around 4 billion tons per year. that is maybe five times what the united states is using at the moment. with both china and india, i will be going to india in about two weeks. i was in china recently. in china, when i was there, all of the senior government officials focused immediately upon the bad air quality issue. it is not just carbon emissions but air quality. the day that i arrived the index in beijing was roughly 10 times that allowed here under epa regulations. they have a very strong motivation to address emissions across the board, but i also want to emphasize that i would say in all the discussions we have had, their commitment to addressing carbon emissions is real. clearly they are balancing that against economic growth. one of the things we're doing is trying to increase collaboration on the carbon dioxide capture utilization and sequestration technologies that are key for us and them it to be using coal in a low carbon world. >> a fe

we are opening embassies, expanding in india and china. one of the only european countries with an embassy in every asean nation. there is no doubt that we want to link up with the fastest-growing parts of the world, want to be an open and engaged power. we are using what we have to do that. i would argue even in the area of defense, where of course the defense budget has come down in real terms, not by a huge amount but by a small amount, even in defense. because we have made choices, fewer battle tanks in europe, investment in things like drones and cyber and flexibility, i would argue there has been no reduction in, no long-term reduction in britain's defense capabilities and our ability to stand up for our selves in important ways around the world. i also reject the idea that you can only measure how engaged you are and how successful you are in projecting influence by how much money you spend. no business goes about like that. we have to make sure we get as much into the teeth and is little into the tail of our defense. i would argue

india's rupee has lost thirteen percent of that period please feel free now eighteen percent. and south africa's rand has announced that seeks to the chinese ahead of the countries china india and south africa according to the us federal reserve to adjust its mama to proceed to go into each other countries are also critical of the winding down in the us stimulus program will allow it on into the race to the economic recovery have not gone away. together we need to act now to ensure that the emerging market problems that contribute to a new crisis. he predicts again to some backing from the internet too much heat on it's nice to go into recovery is still very weak and that's the new national going to crikey. italy is said to have a new prime minister this week and the children's he has fully accepted the post of duty three hours of talks with presidential june of the tunnel. the thirty nine year old outgoing mayor of florence will become italy's youngest head of government in a long time. he faces the challenge of pushing through comprehensive reforms in tax law education and the labor market frenzy is to take the oath of office was to die the new boss separatists orga

media will report of the paper price even though that's not the actual physical price of gold in china and india and around the world were chatting in five ten fifteen percent higher prices they also choose to pick the absolute least interesting price or representative price for a big coin by picking on the mt gox price which is not the price of bitcoin why because they say the agenda here is clear banks don't want the competition they don't want to point to succeed the central banks that deal of money don't want a competitor they don't want to cryptocurrency they are going to report the news in a way that reflects their interests unfortunately there is no pure objective news source anymore except aside from the show now over at mt gox back to there and at the time of this reporting they're still up and operating they have deleted their entire twitter stream we don't know him by the time this airs they could have gone bust them are compelled to jump from some building in japan but they're still active trading going on there there are people in the market who are gambling who are taking bets that