guy is in istanbul. this is turning into a turf war while everybody should be working out their responsibilities in the future? >> reporter: that's a distinct possibility at the moment, ross. probably accurately describes what potentially could happen over the next few months at various international institutions vying for authority. of course, the canadian finance minister has a prime seat at the table, manages interested to ge take on where this goes. the canadian finance ministry, where does it sit on the debate of whether the ims should be the new central bank of the world? >> well, we're involved with the multi-lateral banks too and innovative investments were committed to the world bank, the imf, canada's been a major donor. we think there needs to be integration and coordination. >> reporter: does the civility board have a more central role to play? it does seem as if maybe a lot of people are beginning to side and say it should have a more prominent position. >> it has a major role to play. but t

istanbul. it's an interesting story remembering that leaders of the world's 20th wealthiest economies will be meeting there. but very far from where they will be meeting are the prostitutes and street children and those people that are living in the streets at night. this cab driver was a cabbie who did the night shift and he started taking photographs. we'll show some of them to you. these are people he met while he was driving. he wanted to draw attention to the struggles of the city's forgotten. they are often photographs of the homeless sleeping barefoot next to unusual advertisements that just are smiling children or attractive women. he's trying to show some of the contradictions of our culture or their culture in istanbul. he's actually in galleries. there's a showing of his art work because it speaks volumes about how the homeless are forgotten. all goes on and yet there are so many people struggling in the streets of istanbul and other cities across the world. he's not making enough fr

it happened after a speech to economic students at a university in istanbul. the imf is currently in talks with the turkish government about a new loan to revitalize investment in turkey. but many turks are suspicious of the plan. the annual meetings of the world bank and international monetary fund are under way now in istanbul. police have detained 20 protesters. >> when somebody takes their shoes off, you start ducking and bobbing and weaving. quick, on your feet. >>> well, you know we led off the newscast, two earthquakes, one earlier in the week and one yesterday, and a smaller one in california. >> this is just northwest of death valley. i wanted to put together a map to the relation of all these earthquakes. so here it is. you can see they're all in the pacific. and in fact, you notice the pacific tectonic plate area, ring of fire. i spoke with a geophysicist today, and asked him if it was unusual for these to be clust erd and he said no. it's a statistic law that these clusters would come up. but what is unusual, if these occurred, these earthquakes, t

it happened after the imf director delivered a talk to economic students at a university in istanbul. security guards grabbed the protester and another woman who tried to unfurl an anti-imf banner. the imf is in talks with the turkish government about a new loan deal to revitaze investments in turkey. the annual meetings of the world bank and international monetary fund are taking place in istanbul right now and police have detained more than 20 protesters. >>> for 17 years w, scientists have been trying to piece together a portrait of the life of ap ancient skeleton known as arty. now they say what they learned shakes the very foundation of the theory of evolution. the fossil remains of artie were first discovered in northeastern ethiopia in 1994. she lived 4,400,000 years ago. she's more than 1 million years older than lucy, who until now was the earliest existing evidence of the path of human evolution. but here now is the big news. scientists say unlike lucy, artie's fossil does not re resemble that of a chimpanzee. artie has a combination of the features of chimps, humans and oth

joining me from the annual meeting in istanbul is raghaven seetharaman, ceo of doha bank. good to see you again. welcome to the program. >> good evening, maria. pleasure. thank you. >> let's talk about coordination on regulation. obviously a major topic of discussion there at the imf world bank meetings. are you hearing that finance ministers and others are looking to create an international standard? where are you on this important issue? >> absolutely. the global governance is a key. concept actually, the refinement has to focus on global governance, international stability. there has to be a unified approach to the whole frame. whether it is the supervisory framework, we need to articulate new world order. and we have to have new governance. that's the intention of the imf and the rest of the finance ministers and central bankers. what they need to achieve is how we're going to correct the imbalances, how the economies are going to be converted into the other economies. how the economies are going to get a stability as a good governance. we need to create consumer confi

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. >>> a speech at istanbul university was interrupted by a flying shoe, thrown at the imf director. he ran toward the stage, shouting, imf get out. it missed the chief. security pushed the student to the floor, covered his mouth, and dragged him from the hall. the speech was cut short and the hall evacuate it. >>> the pilotrited with the merkel on the hutson is back on the job, flying the same route that splash landed in the hudson river. >> this flight today was a lot longer than the one in january. i was able to give mr. parker back his airplane without getting it wet first. >> passengers erupted in cheers when chesley sullenberger greeted them on the intercom. in january, the u.s. airways airplane that he was piting was crippled by a bird strike and had to make an emergency landing. none of the 155 passengers on board was hurt. >>> comedian paul rodriguez was taken to hospital in the district after complaining of severe abdominal pains. reports are that he fell ill this morning, reportedly with abdominal pains. rodriguez was in washington for congressional meetings. he served as

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joining us now from istanbul where the imf is meeting with the world bank, of course, mr. straus-kahn, thank you so much for spending time with us today. i know you must be very busy. yesterday we heard that you are upgrading your growth forecast globally. how sustainable do you believe the recovery is at this stage? >> well, i think the good news is good news and the problem is that even if growth is coming back, the employment will lag behind around 10 months to 12 months, sometimes 14 months between the time where growth is rezuming and the peak in unemployment. it's good that growth is coming back, but still we have to be cautious. moreover, there is some possibility of a double dip. i don't believe it's the main scenario. it's not the main scenario which we believe, but it may happen. and so we have to be sure it's a secure recovery before claiming victory. >> we do have to be sure it's a secure recovery, don't we? there's been a huge amount to stimulus, very low global interest rates. how can the economists be sure to get it right when they come to return interest ra

police in istanbul using water cannons and pepper spray to break up hundreds of people protesting the imf and world bank meetings. protestors smashing windows and trashing cars. cops detained nearly 100 people. indonesia. an australian rescue team, using special voice detection equipment, tries to find survivors in the rubble of last week's devastating earthquake. >> we have to figure out whether or not we can do something. shepard: no sign of life reported yet today. the official death toll is now over 700. new zealand. hundreds of people finally able to get their cars. this is a couple of days after they got stuck and the highway and heavy snowfall on the country's north island. officials finally lifting the state of emergency there. they reportedly caught a lot of tourists off guard. peru. archaeologists presenting the remains of what is said to be a young female priest more than 1500 years old. they found her on the country's southern coast. researchers are saying that the girl died of natural causes somewhere between the ages of 12 and 15. and that is a wrap on this box trip arou

. >>> the annual meetings of the banks and monetary fund are meeting in istanbul today. a turkish student threw a shoe and shouted get out. this unfolded as the imf chief took questions from economic students after delivering a speech. the shoe landed at his feet after bouncing off another student's head. security guards grabbed the protester, and another woman who tried to unfurl a protest banner. the imf is in talks with the turkish government about a new loan deal. but many turks are suspicious of what they view to be outside interference. the shoe thrower continued to shout at the imf to get out as he was taken away. >>> coming up, a unique look at the recent immigration crackdown in prince william county. a crackdown on illegal dvds leads police to a suspect they're familiar with. >>> a capitol police officer charged in an unusual crime that left one area homeowner scratching her head. >>> and the latest on a dog that was found more than 1,300 miles away from home. he'll be returned to his owner in northern virginia. >>> welcome back, everybody. at 5:30. >> coming u

we just had some kind of g-7 meeting, i believe, in istanbul. it seems to me that geithner has no leadership. he's -- they didn't have a plan to stabilize the plunging u.s. dollar. there are reports today in your paper and others that the asian folks are starting to buy the dollar and stop the free fall. but geithner can't seem to organize anything. now that makes me think that they don't want to organize anything, stooech stephen. that's why i want to go with you. this idea that there's a secret jobs plan that is the dollar's demise. do you buy that? and would that work? >> you know, i do -- first of all, i do buy that. look, i don't know what tim geithner's mind. but i do think there say mentality. and this white house, and by the way, it carries over, interestingly enough, from the last white house. and, in fact, we know -- now know that the bush administration, i think this was one of the economic down falls pursued a weak dollar policy intentionally for precisely the reason that they thought this would increase exports and reduce our trade

listened to what you said and gave you a -- nicely done, all right, speak of chinese economic power, istanbul the u.s. treasury secretary tim geithner and other finance ministers of the g-7 or the group of 7, richest nations in the world issuing a statement on china's currency. among other things. saying they welcome beijing's continued commitment, to move to a more flexible exchange rate. promoting a more balanced growth, in china, and the world economies and g-7 countries are concerned that an undervalued chinese currency is fueling chinese exports at the expense of their own and china runs huge trade surpluses and countries like the u.s., for example, run large deficits. >> and speaking of tough economies, horse owners across the country facing a major crisis right now. creating a crushing burden on rescue organizations, trying to cope with record numbers of surround -- surrendered animals and molly line has this report from massachusetts. >> reporter: a combination of bad weather and a worsening economy is creating crisis for horse owners across the country, leaving rescue organizations s

no big surprises out of the g-7 meeting in istanbul. more from roubini who was there this weekend. but for the time being, we're down below 1.47 euro and down below 90 yen. >>> i want to get overseas and tell you what happened in asia where chloe cho is standing live. but first to london. good morning, steve. >> yeah, good morning. >>> two reasons last week why this market found it hard to go anywhere but down one was waiting for the payroll and the second waiting for earnings from alcoa and the rest. and the first reason, of course, meant the market went down and rightly so. they were much worse than expected. we're still waiting to see. because the european markets which fell on average around 2% last week are going absolutely nowhere today. and we are waiting for the earnings season, which was the catalyst from the second quarter. will it be the catalyst this time around? in terms of data on this side of the planet. the best numbers we've seen, actually, since april 2008. but again, that the rescissions to employment pmis and they were negative, i'm afraid. in terms of individua

they were a couple blocks from the meeting of the international monetary fund and the world bank in istanbul. they're talking about the global economic collapse which has hit turkey especially hard. >>> we're learning that the top u.s. commander in the middle east was treated for cancer. that's what the office of general david petraeus is saying. it says he was diagnosed with early stage prostate cancer back in february. the radiation treatment is considered successful. his office says it did not affect his work schedule much and he kept it private, but that cue administration officials knew about it. >>> richard is here. if you're staying around for the next hour, so is he. i understand the economy is hammering the one industry that everyone thinks is recession proof. >> that's right. but not anymore, robin! we're talking about the adult sex industry. it is feeling the pain now. the next hour, we'll look at where we can see the downturn there and what is still selling in the sex industry. >>> plus a strategy in florida when a little boy asks his mom if he can take the wheel. what happens th

. >>> treasury secretary tim geithner meeting with finance ministers from other go 7 nations in istanbul today. the u.s. has been pushing to decrease the size of the g7 from 7 countries to four, saying the current group has lost some of us relevance. >>> a man who is very relevant today, rick. >> answer a quick answer. we have people e-mailing, wanting to know -- >> that's good. >> when do we turn the clocks back? people want to know. >> i think it's november 1. let me double-check it. yeah. -- no, the first saturday in november. >> people thought today was the day. it's not today. >> there has been drought across much of south texas. this has been improving, though, after this last week. this is what it looks like. a couple dots here with the exceptional drought. more rain will be falling this week. that's great. we need all of the rain. that is the storm down here. moisture from tropical storm olaf. one system across the northeast, heavy rainfalling overnight. now we're seeing this across eastern areas of new england. this rain will be with us for the rest of the day here and then kind