it's about japan's reputation. japan's influence.and that's why i think he's not gog to -- once he consolidate dpj control next summer, he's going to pull the party to the center would be my guess. a lot of thehots at the u. have been -- have be opportunism. and has been one like described. we have timef for one or two questions. >> many people point out that the question would be, who would -- [inaudible] >> and he is -- my question how can you predict the trajectory? >> i know him pretty well and many times he's a very attractive politician. he's actually in previous polls he was the most popular figure in the dpj so he has a definite future. if he stumbles one way or the other, it comes down to a choice okato or khan and he's an important figure and he will become more important. he has said some things that are -- that have gotte attention in the u.s. he has -- he's one of the dpj figures who talks about moving closer to asia. it's very vague what that means. i don't think people are too worried about it because there's nothing s

they think japan is a very advanced country, which it is. i love japan. i have enormous amounts of dealings in japan. in this e spect, they are 100 years old. judges don't appreciate the danger. we don't have exit controls in this country. you can leave the country without any policeman checking your paper, nobody looking at your papers except the airlines. all they care about is do you have the papers that allow you to go with your children to another country. we should be checking people, not only when they come in here, but when they leave. so we can stop this. >> makes sense. jeremy, thanks again. vickie, appreciate you on the show as well. >>> coming up, how is this, "kate plus 8." sit going t make you watch? when is this going to end. i'm going to bring in jane velez-mitchell to talk about i . >>> welcome back. i can't get over the amount of people lining up to support roman polanski. politicians, big names in hollywood. the man had sex with a 13-year-old. faced charges of drugging her and raper her. he pled guilty with having unlawful sex with a mi

-japan relations or japan's position in the world. a lot of the narrative has been nearly focused on the u.s.. were sending to people and i would-- to iraq and afghanistan because of the u.s.. what i hope will happen is the new government will come in, step back and stop pouring about the u.s. and think about whether their policies on afghanistan, on economic reconstruction in iraq, on revitalizing their own economy, think about whether these are credible internationally because what is credible to us is going to be credible to india, britain, to candidate, to korea and so i'm hoping they will step out of this u.s.-japan prism and step back and think through what will make japan influential incredible globally. if they do that i think it will move in the right direction. >> can i say one other thing? the of the thing is, let's reflect that our japanese friends and government are not just talking to us, they are talking with a range of other countries. it is gratifying how many other countries have gone to the japanese and said look, j

and the new japan u.s. relationship? thank you very much. >> okay, i see continuity in the u.s. cents. i think the administration has started out very clearly in terms of our international commitments. we worked very closely over the course of the last several weeks in a humanitarian effort in response to the tragedy in taiwan with the typhoon and i think you are going to see dialogue and appropriate interaction between the united states and taiwan. i am going to leave it to mike to talk about what we think we might expect to see between japan and taiwan and indeed other countries. i would say one thing about the overall campaign generally. there has been probably more of the focus on domestic issues then financial issues than there was on international issues. that does not mean anything necessarily going forward but as a general proposition that was the case. in terms of specifics outside of the u.s.-japan relations and some general statements about wanting to have a closer relationship with asia, one of

-japan relations. he congratulated him on the victory until the japanese leadership of the new party that the united states stands ready to work with japan over the course of the next several weeks and months to ensure that our relationship is important going forward. this is a very early time. we have to take great care during the initial steps. we are trying to send a very consistent message of our determination to work closely and to consult with japanese friends. we have a schedule for fairly deep engagement over the next several months to ensure the highest possible level of consultation. i am confident that in terms of the basics, the fundamental issues, that unites the united states and japan, that those will remain in place. will there be some challenges along the way? undoubtedly there will be. the truth is that we face challenges over decades. we have surmounted them, and worked closely together. i think we have a lot of confidence that we will be able to do that over the course of the next s

-japan relationship. he talked about the importance of boming a greater stakeholder, sorting out japan's interests while in heir own in changing the image to the degree it still exists of japan just being a puppet or a satellite of american interest exclusively and having a greater role to play. i think this is part of the japanese narrative which has been grongnd we should look at this as a healthy thing. i predicted a much hethr come a lively and so much reinvented u.s.-japan relationship in part because of hatoyama talking about the need to create some distance. i think it's a good thing as opposed to what se people see in se sense that it will cost this influence. i don't believe that at all. >> go ahead. >> i like both of what steven mic is dead. i actually think for the liance to maintain its relevance, and its influence over the course of the first part of this century, a degree of independence, of confidence is actually-- absolutely essential so i actually think these are not, it is just and reaff

they think japan is a very advanced country, which it is and i love japan. i have enormous amounts of dealings with japan but in this respect, they're, you , 1 hungz yea 00 years old and judges don't appreciate the danger. in addition, we don't have any exit controls in this country. you know, you can leave this country without any -- without any policemen checking your papers, with nobody looking at your papers except for the airlines? and all the airlines care about do you have the papers that will allow you to go with your children into the other country? >> okay. >> so, we're pushing that we should be checking people when not only when they come in here but we should be checking people when they leave so we can stop this. >> makes sense. jeremy thanks again. vickie, always appreciate you on the show, as well. coming up, i've got to wonder how people so vehemently are defending director roman polanski, pleading guilty to charges he had sex with a -year-old, drugged her, had sex with her and ran from the law 30 years. people are lining up to stick up a chi

he says his victory was not just for him but for the people of japan, and the people of japan should take more interest and be more involved in their government because for too long japan has been dominated by big business, the liberal democratic party, and their bureaucracy, and that is what he wants change. >> he is due to meet president obama and has talked about charting a more independent course in japan's religious with the u.s. >> he is going to the united states within days, also a meeting with president obama. he is going to want to reassure president obama that the alliance with the united states remains a cornerstone of japan's security policy. at the same time, his party has pledged to adopt a less supine, more proactive attitude, at a more productive diplomacy toward the united states, and also to have closer ties with the near neighbors here in asia. >> everyone is watching to see how they are going to do this, how they are going to deliver on this big promise when japan has so much public debt. but there is a new man in charge of the finance ministry, and he has the ex

that is japan. it's just barely lagging china if you look at the overall numbers, but japan could be a bigger threat to america than china, and if japan stops buying new american debt, interest rates could truly surge. let's talk about the risks here. joining us from littleton, colorado, to discuss a potentially damaging domino effect is the portfolio manager with investment management investments. when i saw your note, it sure caught my attention because julian had been talking a bit about china, and you were focusing in on japan. what are the risks that japan stops buying american debt? >> hi, erin. if you look from a supply /demad perspective, on the supply side japan has the second largest debt to gdp ratio only second to zimbabwe. japan has a lot of debt. i think over 170%. on the other side of it, it has the oldest population in the world. in the developed world. if the savings rate has been declining from midteens and 1990s to lower single digits today. so over 90% of the japanese debt histor

care about japan. there's a lot of good reasons. japan got a lot of attention in 1988 and 199. people thoughd they were a threat. there were poles were ople said japan was more of a threat than soviet union. today americans in poles like the chicago council poll or puw paid it as the first most wanted cotry. japan is important, it's been because things are going well. this election has addedome spice and excitement as a time to remember how important japan is. i won' get into a debate about purchasing power parody and other things but japan still is the third economy in the world, second largest contributor to all of the major constitutions that uphold the liberal system. the basis for eagement in asia and quietly one of the closest partners the united states has in the g20 process and the g7 process and in the security council when japan is on the security council. what i want to try to answer today are four questions, which are on everyone's mind i think. first how did this happen? how d the ldp go f

japan about 5% to 5.5%. canada's payment system, as i said is government it's lazy, overfed, government bureaucrats. their administrative costs 5.5%. one quarter of what our -- >> medicare is 3%? >> yeah, that's right. there's no marketing in medicare. no marketing costs. they don't deny claims and they don't make a period of time. -- a profit. that keeps costs down. >> what about doctor? shouldn't they be allowed -- some of them make a lot of money, some make a lot of money in this system compared to others but few make the several millions a year. >> not many do. but doctors do very well in america. they're the best paid doctors in the world no doubt about it. >> are they the best doctors? >> they're certainly the best- educated. but our results, as i say, let's see, in terms of recovery rates for major disease, kind of mediocre. neonatal death, we're the worst of all the rich countries. we have very good doctors, have well-trained doctors, a lot of high-tech medicine. but we're about equal to the other co

japan doesn't have the u.s.'vast number of reeverage group with -- research groups and unlike capitol hill they also lack the large staff of aides knowledgeable of policy issues. guest: i think them focus on a couple of bureaucracies that affect people's daily lives. the ones that administer the pension fund. their equivalent of social security. a few years ago that bureaucracy lost 50 million pension accounts. so the voters are pretty mad. i think that is where the politicians will focus and start whip being the bureaucrats into shape. other areas like foreign policy, defense, financial affairs, very technical. i suspect they won't try to tenger as much because that is not -- they won't try to tinker as much. host: we will get to calls and emails in a moment. you have the liberal democratic party and democratic party. can you explain where the ideology is? guest: the liberal democratic party is the more conservative party and the democratic party was formed about 15 years ago. for most of japan's history they h

-japan relations or japan's position in the world. lot of the narrative has been nearly focused on the u.s.. were sending to people and i would-- to iraq and afghanistan because of the u.s.. what i hope will happen is the new government will come in, step back and stop pouring about the u.s. and think about whether their policies on afghanistan, on economic reconstruction in iraq, on revitalizing their own economy, think about whether these are credible internationally because what is credible to us is going to be credible to india, britain, to candidate, to korea and so i'm hoping they will step out of this u.s.-japan prism and step back and think through what will make japan influential incredible globally. if they do that i think it will move in the right direction. >> can i say one other thing? the of the thing is, let's reflect that our japanese friends and government are not just talking to us, they are talking with a range of other countries. it is gratifying how many other countries have gone to the japanese and said look, job

-- as far as governing japan. and i think that something good is going to get out and i think that political programs, of course, are very useful when it's time to go to vote and it's time to change. but then they will have to be blended with the reality. and i think there is enough energy in this new coalition to be surprised on the upside, not from -- no by economic data, but by change, a slight change in the program -- from the programs through which this coalition can do a -- can do good to a japanese economy in the long-term. >> luca, we have to leave it there. thank you for joining us today, luca silipo with natixis. staying with japan today, the new transport minister says jal airlines must not be allowed to fail. he is reviewing the turn around plans for the airline and will replace a structuring panel created under the previous administration. jal plans to reduce its pension benefits. the carrier hopes to generate a profit of about $1 billion through these lowered pension obligations. shares today closed

that would been free in japan. they will also do traditional chinese medicine in japan for the debut acupuncture very big debut herbal remedies. all that is covered by japanese insurance. in japan, the operation would cost $10,000 but michael bay would have been about $65. -- but my copiague would have been about $65. -- but myco-pay would have been about $65. they have private plans and the public option for it host: host: what does it cost a year for the public option? guest: it is not cheap. it is about $400 per month. the employer pays as well. host: you have an example of an indian doctor the treated you. guest: i did a film about traditional indian medicine. we took my shoulder to eight southern indian mayo clinic. it's the most ayurvedic clinic in the world. your body will hear itself -- heal itself, they don't cut. it is an agent burble and laying on of hands medicine. you lie on a table and six guys decide to with warm oil. it was sweet. i did every day for five weeks. i was making a movie so they cover th

it's a way of fe in japan. we'lshow you how it works. >> susie: college loan finanng may go throughts biggest changen decades. anyou & your kids may be affected. leslation is working its way through capitol hill, at could leave bas. out in the col >> paul: i'm paukangas. >> susieand i'm susie gharib. this is "nightly busines report" for thuray, september 17 "nightly biness report" is made possible by: this program was made ssible by conibutions to your pbs station from viewers likyou. thank yo /& >> susie: good evening eveone. the stock market is a roll. the s&p 0 index has skyrocketed almo 60% just since rch. the major stock inxes edged lower today but so market experts are predicting t rally will continue. why is this momeum happening now, especially since septber is notoriousor market correcons and crashes? suzanne pratt ecked in with thpros. >> reporter: there a only 9 trading ys left inhe month. and thseptember selloff has yeto materialize. all summer many investnt pros argued stocks had goneoo far too fas

its mid-term goal, japan will aim to reduce its he emissions by 25% by 2020. [applause] >> as compared to the 1990 level, consistent with what the science calls for in order to halt global warming. this is a public pledge that we made in our election manifesto. imto exercise the political will required to deliver on this promise by mobilizing all available policy tools. these will include the introduction of a domestic trading mechanism for renewable energy as well as the global warming text. however, japan's effort cannot halt climate change even if it sets an ambitious reduction target. it is imperative to establish a fair and effective international framework in which all major economies participate. the commitment of japan to the world is premised on agreements on ambitious targets by all the major economies on the glishment of the domestic trading market, we will promote exchange of information with other countries and full discussions on the issue, bearing in mind the impact on the international competitiveness as well as possible linkages among countrie

japan to join the hague convention. in listening to that, was that tough enough, strong enough language for you? >> we would like there to be a stronger, much stronger reaction from the state department and yet we understand that it diplomacy is tough and we don't want the united states, either, to come across as an international bully, which is how they might be seen in japan. it has to be done intelligently. i think the pressure that we're getting from around the world is critical. i think if we work with our allies, it'll be great. there's a long way to go. this is not the only case i've handled of kids being abducted from america to japan. i think this needs to be presented as a human rights story. this is a violation by japan of human rights. they don't respect the fact that two parents are to be involved in the life of kids and it's really an outrage. >> let's talk about that for viewers who need to get up to speed on this, jeremy. the culture in japan is totally different. when parents divorce and that's very rar

but whatever t ups and downs, 's very good for japan. >> reporter: japan has lonbeen written off as a countryn eclips its shrinking, graying popution presided over by a series of weakineffectual leers. japan's fate now depds largely on eves out of its hands, how well the chinese and u.s. economies bounce bac still, some analysts are cautiously bulli that the new government will ushein reforms that a long overdue. lucy craft, "nightly biness report", tyo. >> paul: now, let's take look at some stks in the news toght. and those are thstocks in the ne tonight, suzanne. >> suzanneon thursday night, nightly business report jos other pbs news and public affairs shows for a special,0- mite prime-time look at health care reform. it's called pbs speciareport: health ce reform." our partners in the specl and pbs stations froaround the nation gatred today in washington dc toalk about health care initiativein their communits. as we lead up to thursdas program "bill of hlth" looks one small business that had to take its health car plan back to the drang board. >> repter: kp studio architect one of

a man arrested in japan for trying to take his own children back to the u.s. a custody battle and attorneys say there seeing many cases like this one. >>> toyota owners listen up. the car company is recalling millions of vehicles after a crash that killed a family. >>> first, nanny cams, now this. keep an eye on your four-legged friends from your desk at work. >>> a sweet competition to tell you about. worthy of a taste test before you vote. we're letting you decide who makes the best cupcake in town. as two bakeries battle for the golden locals. >>> the face-off between georgetown cupcake and caston wired. search golden locals >>> welcome back. at 4:30 now, i'm pat lawson. >> at least 119 people have been killed in that massive tsunami that struck the american samoa yesterday. the wall of water was triggered by an earthquake that ripped homes apart. president obama has declared the major disaster area to rush aid to theerritory. >>> in tennessee, a 5-day-old baby is missing. authorities issued an amber alert yesterday after the mother told officials a woman k

the japan correspondence -- are japan cars but it has more. >> it did not take long for the economic crisis to reach osaka. the morning begins as it always did, in front of the flag. there is an entry to work hard and a rush to get it done. he owns the company who wears the same uniform as the men on the factory floor. he takes seriously the idea of everyone sharing the good times and bad. the recession, he is determined not to lay off anyone. the japanese way of business and the american way of business are completely different, he says. when there is no work, american companies sacked employees. it is a usual practice. but japanese companies do things differently. japan has cut everyone's hours and pay. he has used his own spare time to write a book about work sharing. but it was not enough. the market for the factory product had collapsed. the striking thing about this factory is how many machines are lying idle. it is a picture that is repeated across japan. the economy is running dramatically below full capacity. there seem to be a lot of machines here compared to the number of

when do you think japan will break out? >> i think a bit concerned about japan in some sense. it wasn't at the forefront of the global economic crisis, it's growth today which to be honest hasn't been too bad over the last five years. they've managed about 2% on the five years to 2007. but a lot of that greeting was export driven and we just don't think that external nand is going to be strong over the next couple of years. and, you know, the policy options that the authorities have, looking pretty limited. they've goot a huge government debt burden, so the fiscal leavers can't be pushed too much further. on the monetary side, they've been doing qe since 2001. unless they got to some sort of swedish option, to introduce nominal interest rates, real interest rates are not low at all, in fact, are rising because core inflation is significantly negative. negative in japan. with that, we've had the appreciation of the yen, as well. it doesn't help with their deflation struggle. >> brian, we had a guest earlier, david karsbol saying he thinks what is happening now is there's an stu

in japan. a tennessee court recently gave christopher full custody of his son and daughter. but by then his ex-wife, a japanese native had taken the children all of the way to japan. yesterday a friend reportedly witnessed the arrest said he picked them up as he walked to school and instead of heading to the nearest airport he went to the american consulate. he told a cnn affiliate he desperately missed his kids. >> everywhere i look around there's a picture. i can't go in his bedroom. we'll never sleep in this bed again. i said i love you, isaac. i love you. remember that. i love you. i want you back. you should be here. you should be in school. you should be with your daddy. it's hard to have quiet moments because my kids' words haunt me during those quiet times. >> japanese law does not recognize u.s. family court orders. >>> fellow filmmakers are rallying behind roam bean polanski as his attorneys file a motion to have him released. a decision on the motion could take weeks and a subject to

and the change in the governments in japan?o energy or in general? >> in general and in energy. >> it is historic because there was a changing party from 55 years of near dominant role by the lbp . aÑr that has not figured out how they are going to be yet. they do not know whether they will use the traditional mechanisms that they're opposing party used to deal with the business elite and the bureaucracies. that is one basic structure that they need to figureÑi out. there are all sorts of decisions they need to make in the short term that the u.s. is definitely keeping an eye on, but i think one of the things in relation to energy as we are discussing this, one of the things that has comeback in greece -- that has come about in recent days -- everything might be a surprise -- the prime minister is deepening the cuts he wants to make for climate change. compared to what president obama wants to do, taking a back to 1990 levels, the president has pledged to go 25% below the 1990 levels. that is i think a huge statement, something

these problems need to be addressed. >> this marks a turning point for japan. this is the biggest change in politics for more than half of a century. the new prime minister must deliver on his promises of sweeping reform and must find a way to revive the faltering economy. >> stay with us if you can't on bbc world news. he saw it all, a tribute to the legendary abc news correspondent. -- stay with us if you can. six bodies were found inside a burning car in mexico. 15 people were killed in two separate shootings in another northern mexican town. there has been a wave of violence between warring gangs. >> a day of celebration. but as the crowds were marking 199 years of independence, their country's war on drug dependence was claiming more casualties as here in tijuana where police discovered the remains of six bodies in a burned out car. so far, officers have given no reason for the killings the city is seen by law enforcement agencies as a major conduit for drugs heading north to the united states. there were similar scenes elsewhere. in juarez, a gunman kille

our correspondent from tokyo explains. >> in japan, it is polite to eat noodles with a slurp. at a technical training school, and they teach the skills to make the dish. this year with unemployment at record highs, they have more -- they have had more applications than ever before. >> we believe the biggest reason is the lack of employment opportunity. >> 15 noodle chefs began the course. when the recession hit, the numbers of customers fell and his employers began to struggle. he decided to make a career change. >> during a recession, companies are in an unstable position. this is my life and want to take charge of my own future. >> learning to make the noodles is difficult, particularly getting the dough at the right consistency for the prized chewy texture. students can take inspiration from those who have done the course before and now run their own restaurants. >> i know my goal is to serve the best tasting noodle. >> becoming a chef is an attractive option in a country where all the time jobs for life are hard to come by. >> i hope everyone's dreams of opening a restaura

does that or lung that effect stimulus spending in japan and perhaps even hurt japan's economic recovery? >> potentially, yes. japan's recovery is somewhat fragile to say the least. from the fiscal spending that the previous government launched in april. a review of that could mean an early withdraw of fiscal spending and that could help drag the japanese economy back down intory session. having said that, i think it's important that japan does address its fiscal properties fairly quickly because its debt is huge. it clearly does have a problem in terms of potential future issuance of jgbs. so i think the policy is right, but it may be too soon given the fragile state of the japanese economy. >> michael, we're hearing more and more about the s.e.c. regulating the credit agencies and the payments of bankers on wall street. there are so many different issues up for regulation right now, how do you think government regulation of wall street is going to affect your perspective twar towards the u.s. equity market? >> clearly, i think in the medium term, it will have an effect to what is more

the argument that is probably japan. japan has got the greatest debt to gdp than any of the countries, it's got a high level of domestic savings. when we look at individuals and households who are going to be rebalancing, effectively saving more and spending less, i think we can use some of those savings to help finance the fiscal deficit. so that's where i think the positive news is going to come from. household saving is good for bonds. >> nick, we've been talking a lot about the jobless numbers. but you've also referenced the consumer a number of times. what's your sense of the american consumer of the global consumer? it seems like the consumer is really what could drive that top line growth that we're looking out for. >> well, as far as we can see, christine, consumer is the only thing that's going to drive that top line growth, very unlikely to be another round of government spending, it's unlikely to be autonomy investment. more broadly is responsible for between 65 and 72% of gdp. retail sales in turn are respons

our war with japan didn't start over a trade war. it started over the fact that we were boycotting certain goods to japan in protest of their imperialist policy attacking nations like china and trying to expand their territory. the japanese took exception to this. so just to put that right. guest: consumer protection, that was the topic of the president's weekly address yesterday. here's a short piece. >> central to these reforms is a new consumer financial protection agency. part of what led to this crisis were not just decisions made on wall street but also unsustainable mortgage loans made across the country. while many folks took on more than they knew they could afford, too often foiks signed  contracts they didn't understand. that's why we need clear rules, clearly enforced. and that's what this agency will do. consumers shouldn't have to worry about loan contracts written to confuse, hidden fees attached to their mortgages and financial penalties whether through a credit card or debt card that appear without a warning on thei

bbc news, brighton. >> and japan struggles with unemployment. many people have been changing careers entirely, hoping to beat the recession, and many are heading for the food industry. hence, the surge and people learning how to make the specialty udon noodles. >> in japan it's polite to eat noodles with an appreciative slurp, and few varieties are saved ord as much as those found here. at a technical training school, they teach the skills to make the dish, kneeding the dough and cutting the noodles into shape. and this year with unemployment at record highs, they've had more applications than ever before. >> we believe the biggest reason is the lack of employment opportunity. >> 15 would be -- would-be noodle chefs began the course, among them this 44-year-old, who used to be a car salesman. when the recession hit, the numbers of customers fell. his employers began to struggle, and he decided to make a career change. >> during a recession companies are in an unstable position. this is my life and i want to take charge of my own future. >> learn

bbc new brighton. >> and japan struggles with unemployme.any people ha been chging reers entirely, hoping to beat the recession, and man are heading for the food dustry. hence, the surge and people learning how to make th specialty udon noodles. >> in japan it's polite toat noods with an appreciative slurp, and few varieties are saved ord as much as the found here. at a chnical traingchool, they teacthe skills to me the dish, kneeding th dough and cutting the odles into shape. d this year with unemployment at record highs, tey've had mo applications than er before. >> we believe e biggest reasons the lack of employment oortunity. >> 15 uld be -- would-be noodle chefs began the course, among th this 44-year-old, who used to b a car salesman. wh the recession hit,he numbersof customers fell. his employers ben to struggle, and he decided to make a career chge. >> ring a recessionompanies are in an unsble position. is is my life d i nt to take charge of my own fute. >> learng toake the noodles is difficult, particularly gettg the dough at presel

." -- >> going from one end of japan to the other like that, doing it with a japan rail pass. ! that's a nice one, i made that. that's a piece of junk. yeah. i want the red truck. well, you can't have the red truck. see, that was a limited-time offer only. it's, ah, right here in the fine print. even kids know it's wrong to hide behind fine print. why don't banks ? we're ally, a new bank who always gives you a great rate, with nothing buried in the fine print. it's just the right thing to do. >>> when i want to know more about what's going on with money, i go to cnnmoney.com. you should too. right now, let's check in with poppy harlow. >> layoffs and falling home prices obviously hurting a lot of american families right now. some are even seeing the value of their home fall below what they owe on it. here are things that can help you keep up with the mortgage payment. it's outlined on knmoney.com. if you're facing a pay cut or job loss, consider alternative ways to make money, tutoring or giving a lesson in your field, such as music lessons or starting a small business on the

>> well, in japan, there is no shared custody.eir law, it's not in their society, it's not in their history, and the idea of a father participating in the life of a child when the mother has primary custody is alien. >> but do you think your client in retrospect was acting recklessly to do what he did, to grab the children as they're walking to school and race to the consulate? >> i think that the recklessness was we've known about this potential for a year. we've tried to get help. >> the potential that she would take the children. >> we kw she would take the children. i knew she would take the children. a year ago, we asked a court in tennessee to do whatever it could to stop this, and many judges don't take this seriously enough. it is an enormously dangerous situation. >> mr. morley, i sense the frustration in your own voice, having dealt with this with other clients as well. >> yes. >> what recourse do you have right now? who is out there that could possibly help you? >> we've got great lawyers there, but their hands are tied

you were saying earlier that japan is a good bet at the moment, you think. >> i think japan is very well positioned from a macro point of view. i see a material in japan's economic positioning. and what are the real problems and challenges to the u.s. and the u.s. in particular? it is this huge resolution of indebted ngs across the peace. in contrast to pan aggregate it is in net credit. and japanese companies have been through the mill in terms of restructuring. and i look at the global japanese companies as being extremely well placed. benefit in modest pick up, but continuing deflationary pressures. right now, i think deflationary pressures exceed inflationaries. i should look at some of the names, i look at cannon as a global class company, which i think is very well played. breweries, for example, i see real value. >> so brewers and cannon, you're telling viewers to -- >> well, i would use any market weakness opportunity to rebuild. japan is a very high beat market and if we were ascribing to the market by healing, that's the place where we should be positioned. >> okay. all right,

christine. >>> mike, capital spending remains low in japan. economists are now concerned that capital spending will probably not recover for the rest of this fiscal year. wholesale prices also slid 8.5% in august. analysts say deepening deflation could force the bank of japan to keep its ultra money management easing in place for a long time to come. south korea's central bank held interest rates study at a record low of 2% for a seventh consecutive month. the bank of korea sent a strong signal that it would hike rates if the property boom continues, even if the means moving before other major central banks. meanwhile, no change in interest rates for the reserve bank of new zealand, either. the bank says it is more inclined to keep rates unchanged at 2.5% until late 2010 saying a recovery is patchy and the growth outlook is still weak. >> final thought from mark oswalt strategist at monument securities. mark, the bank of england meeting coming out a little later. is there anything we need to know more right now about central bank policy? i mea

japan tried it your way. they propped everybody up and now we have zombie banks and zombie companies. >> jim, first of all, it's not what i'm proposing. i'm saying we shouldn't go down the japanese route. but we shouldn't have allowed them all to fail at once.. i understand about working through crises. i lived and worked through southeast asia. so i'm far more on the same page as you than you think.k. i was going through barclay's accounts the other day. and if you have a look at their balance sheet, they've deleveraged by 25%. that's because there's quite a lot of money on the balance sheet has just disappeared through new regulations something called derivatives growth. i call barclay's ir. you can net one item up against another. that's my point about regulation. the problem is if they just introduce new rules, you can netting off the size of the balance sheet. we have zombie banks, that's accounting rule changes. it's fiddling at the margins and i'm in agreement with you, jim. >> hallelujah. >> julian pe

churchill was prime minister and singapore fell to japan, and the empire was finished in asia. when hitler marched into the rhineland in 1936, churchill hailed the french for taking the matter to the league of nations. the ideal solution, he wrote, would be for hitler to do the noble thing and marched back out of rhineland. unfortunately, hitler did not read that excellent column. in 1939, mr. churchill push his country to go to war for poland. britain did, and was: say? instead of losing dancing, they lost half their country -- instead of losing danzig. churchill excoriated chamberlain for appeasing hitler. his 4 year of appeasement of josef stalin may double chamberlain look-alike davy crockett at the alamo. churchill told stalin he could keep all the fruits of his devil's pact with hitler, including the baltic republics. he accede to moscow's demands for domination of eastern and central europe, in violation of the solemn pledges he gave in the atlantic charter. when he came back from yalta in 1945, he told parliament, i know of no government that stands to its occupations w

japan coming back after a three-day public holiday. the market did fairly well in the face of what had been weak. export numbers were down 23% year on year and then the third, the jab japanese yen was strong versus the dollar. but did nothing to stop the supporter stocks. sony in the forefront after its ps3 gaming consoles rose 300% after slashing the game console price. nintendo, they announced today that they're cutting to price of their wii, down to about $199 effective september the 27th. on that note, back to the u.s. with julia. >> thanks so much, adam. u.s. investors will be a pair of economic reports today. weekly jobless claims are out at 8:30 a.m. new york time, forecast to rise by 5,000 to a total of 550,000. at 0 o'clock a.m., existing home sales will be released, expected to jump nearly 3% last month to an annual rate of 5.3 million homes. at 4:30 p.m., the fed reports on its balance sheet. the senate committee hearing will hold a hearing o $700 billion t.a.r.p. neil barofsky will testify. while several representants have

elsewhere, japan is out of a recession. the downward revision was mostly due to falls in inventories which analysts took as a positive sign that japanese firms are clearing out their stock faster than expected. but they warn that global economic recovery cannot depend on an improvement in the export sector. brian. >> thank you, christine. john mac will leave his job in january, but will remain on hand as his chairman. right now, goreman is cochairman of the company and on the retail side, it's a little less profitable business and the bond business of mr. mac's background, but goreman is seen as a pretty safe pick. a lot of people have talked about him for months to replace mac as they try to recover from last fall's near collapse. treasury secretary tim geithner addressed concerns about how american taxpayers can flip the bill. >> i wouldn't give a penny to a banker, to benefit a banker. but if you let the system get to the point where people are taking their money out of banks, where people can't get credit, where things

can't have any confidence in the government of japan.he last desperate act when he only trusted himself. and so he, it seems that he made a desperate move. >> help us understand the frustration for someone in your position and in chris' position. the state department released a statement in this case saying this is a high priority and they understand that the problem. but they say "parental child abduction is not considered a crime in japan. we're eager for our relations to improve on this issue." but patrick, until relations do improve, is there any option for parents in your situation? >> there is no option. there's nothing legal that we can do. and, you know, there isn't much hope. and the state department has been saying that same message for a long time. since 1993 as far as i can document. and in the last year, a lot of things have changed in the state department. the state department's taken a lot of new action. but the truth is if the continued actions of the state department mean that these cases are going to take 10 or 20 years

we have many things in common i / and, japan, india, and besides a travel book pages and like most o you i have been listening to him and reading him four more years than i can count. these days, when we think about happiness or travel, the first person we think about it is the dali lama but the second is probably eric. it is a great honor to have him here and very gracious of him to give up his free time to be here. i am appreciative of that. as you can tell we are thrilled with the celebrated history of peace, silence, a global vision and of course, deeponcern about china and tibet. this small evening has been more than a decade in the making so i appreciate the everybody's help for making it happen. left to my and devices i just wanted to talk over there with eric. said to get out the hard for the essence of certain questions whether there is better in the and voodoo japan are japanese food in india and i want to see the language and travel the world with him. but i have been asked to talk to first we were sitting on our way over here is somebody gets up to a podium and starts spe

and japan began dismantling the greatest navy in the world. and british historian called for cap pit lation to america's demands at churchill's insistence, one of the major catastrophes of english history. fine years later, chancellor said, don't worry war is not a possibility, which any government need to take into account. when churchill was prime minister, singapore fell and the empire was finished in asia and hit her marched into the rynland in 1936, churchill hailed the french for taking the matter to the league of nations but the ideal solution he would note, is hitler to march back out of the rynland. unfortunately hitler did not read that excellent column. in 1939, mr. churchill pushed his country to go to war for poland. britain did. and was bowl land saved? instead of losing dan zag, the polls -- poles lost 6 million dead and 50 years of freedom. a churchill's four years of piecement of stalin made nevel chamberlain at municipal nick look like davey crockett at the alamo. at moscow, and tehran and malt that. churchill told stalin he

japan has about 100 people on death row. justice minister has a 20-year-long record of calling for the abolition of the death penalty. which means, that she's not going to sign anyone's death warrant any time soon, which means japan effectively no longer has a death penalty. which means there's now precisely one industrialized democracy in the whole world that is still in the business of killing its prisoners. and that one country is -- us. and that is a very, very specific kind of american exceptionalism. >>> also tonight, any competition to woo the base among presidential hopefuls, tim pawlenty versus bobby jindal is turning out to be the unexpectedly awesome featherweight match-up of the season. both went after conservative votes by talking smack about federal stimulus money earlier this year before ultimately taking it. bobby jindal traveled around his state and handed out big stimulus checks himself and even made the checks look like the money was coming from him personally. governor pawlenty dispatched his economic dev

our war with japan didn't start over a trade war. it started over the fact that we were boycotting certain goods to japan in protest of their imperialist policy attacking nations like china and trying to expand their territory. the japanese took exception to this. so just to put that right. guest: consumer protection, that was the topic of the president's weekly address yesterday. here's a short piece. >> central to these reforms is a new consumer financial protection agency. part of what led to this crisis were not just decisions made on wall street but also unsustainable mortgage loans made across the country. while many folks took on more than they knew they could afford, too often foiks signed  contracts they didn't understand. that's why we need clear rules, clearly enforced. and that's what this agency will do. consumers shouldn't have to worry about loan contracts written to confuse, hidden fees attached to their mortgages and financial penalties whether through a credit card or debt card that appear without a warning on thei

goal, japan will aim to reduce its emissions by 25% by 2020. >> reporter: at stake, the island nations could be swamped by rising sea levels. the window to act is closing fast. >> if we miss it, again, in copenhagen, then we are out of time and very little chance to keep global temperature increase below 2 degrees centigrade like we were told to do. >> reporter: with today's announcements from china and japan and india's pledge to increase energy, one diplomat put it, it's squarely on the united states. brian. >> anne thompson, thanks. >>> now, a look at how this president is viewed these days our brand-new, nbc news wall street journal polleçy!aueÑ ton making its debut here. our political director and white house correspondent, chuck todd is here with us while the president is in new york. we're just a few months into this administration. so many issues. >> he's in the midst of health care, pushing the economic policies he's trying to get passed, yet, he may face a greater challenge convincing a skeptical public the war in afghanistan is still worth fighting. facing a tough decision a