and with author kati marton, we will discuss angela merkel's 16 years in office and what her pending departure means for europe's future. >>> but first here's "my take." are we returning to the 1970s as several commentators have recently claimed? there are surprising similarities, the humiliating withdrawal from afghanistan echoes the u.s. defeat in vietnam. prices are rising along with demands for higher wages, even as economic growth is stalling. a new economic superpower is challenging american supremacy. back then it was japan, now it's china. on closer examination, however, most of these analogies turn out to be superficial. but there's one where the parallels are striking and that one should worry the biden administration greatly. we are headed for global energy crisis. gasoline prices in america are up more than 50% in the last year. natural gas prices rising nearly 500%. in asia, bloomberg reports that power companies are buying liquefied natural gas at record prices to try to lock in supply. in europe a mass producer of fertilizer was already forced to temporarily shut down