thanks so much, klaus. >> thank you, susie. >> susie: and we have been talking with klaus kleinfeld, chairman and krooef alcoa. >> i think it's fair to say that detroit is back in a big way because the whole show is about substantive new models. it's not makeovers. it's cars with a lot of technology. >> susie: still ahead, why the american automakers are turning heads at the big auto show in detroit. there may finally be some good news for the struggling housing market. some experts believe home sales will show new signs of life if the job market continues to improve. but as erika miller explains, higher sales don't always mean higher prices. >> reporter: the housing market is usually linked closely to the labor market. after all, people won't buy homes unless they have a steady paycheck and confidence in their jobs. but a pick-up in hiring nationwide may not matter much this time. economists say the missing ingredient is raises. >> growth in wages-- this is the gauge that we need to see start improving before we see any significant improvement in housing demand, and the wages have b

care about what these protesters say i'm just saying that the world economic forum's agenda and klaus logs agenda is not reflective of what the twenty six hundred participants here in davos at this forum are here to pursue that's you know that's the organization's agenda maybe that it that it's putting on or what they're concerned with but that's not everybody's concern so with the occupy protesters that are here they were invited to this open forum on remodelling capitalism but this is an event that is open to everybody this isn't at the congress center this isn't really just the davos crowd this is anybody from the community can go occupy protesters did go klaus schwab did invite them to discuss their issues to have a meeting and when i talked to the occupy protester they were negotiating how to do that where to do it when did you were looking to do that but as i said you know the clash of is one man he's the organizer he's not reflective of everybody i don't think it will we will look forward to having you back here in d.c. enjoy the rest your time there are two years lauren lyster

we heard earlier from andrew and klaus about that. there is some things about the regulatory approvals and how long it takes. i know dominic and i were both in asia. i come back here, and i talk about asia clock speed. things move faster there. we will be at a disadvantage if we allow our processes to take so long. so a few things need to change, but we definitely have a strong future, and there is a bit of a moment right now given exchange rates, etc. >> let me stay with you about the issue of workers. at various levels. because what you described to me the other day was a very large portion of your work force eligible for retirement in a very short period of time. so my sense is that you need workers with certain skills, um, much more substantial than quote-unquote traditional manufacturing. do you have the sense that our high schools, community colleges, intermediaries, labor or others are able to produce these workers, and secondly, at the management scale someone came up to me during the break and said a critical question and, ac

that are present here are those that have benefited from this this type of capitalism so although klaus schwab the founder of the world economic forum has said that capitalism in its current form has no place in the world around us these are the corporations and banks that are represented here many of which have benefited from government bailouts in the case of banks from central bank easy money policies in the case case of many banks and corporations so whether or not these are the right people to be having that conversation to be talking about reform i'm not quite sure you also have to remember that while the official genet agenda yes deals with capitalism the unofficial agenda of davos is very much about making corporate deals and that might in fact from the official agenda as you can probably recall some corporations here shell out up to three hundred thousand dollars for a membership to the world economic forum in order to be here they're shelling out that kind of money presumably for more than to talk about capitalism there have been reports in the past every year of the deals tha

status quo that they've benefited from then that's what you can expect yes we have seen people like klaus schwab who is the founder of the world economic forum talk about the problems with capitalism and how it's outdated in its current form but that's a same quote i've seen appear over and over again and all of the stories i've i've seen about the rethinking of capitalism it's the same quotes over and again coming from one debate yesterday morning on capitalism and a handful of billionaires talking about income inequality so while yes we have seen some focus on stage and in some of the content on the agenda you have to remember that a handful of billionaires and a couple of people that are concerned about capitalism and these issues are i hand full of the twenty six hundred people who are here many of which to talk business today at work and to continue on in the status quo many big corporations and big banks that have very much benefited from the current form of western capitalism and when you hear really the establishment figures asked about western capitalism in its current form they'

this week and they're shut out although occupy has been mentioned on the agenda been mentioned by klaus schwab you don't see an invite for those occupy protesters their actions are still limited to outside the doors of the forum and also when i went and spoke with them earlier this week when the forum had started they said that no c.e.o. or financial ministers or any of the billionaires here have been to talk to them there so i don't really know how much the discussion reflects any of the really core concerns that people that are at the one percent now for. the last say there's still a lot of talks to go maybe there's a chance live from davos thanks for that update. you can get more on business deals that are being conducted at the world economic forum stay tuned for our financial update that's coming up in about five minutes. well a total of five people will officially run in russia's march presidential election but the country's central election commission set to confirm its short list of candidates competing for the top post peter all over has the latest from here in moscow. well we'

village or whether that violated theng titles and mobility clause.th i said the titles of nobility klaus? that is interesting.e never heard of that. i don't know what happens but i decided that very daybut i would write a book aboutb the odd clauses that they waited until after i got a tenure to do. [laughter] but let me talk a little bit why i think it is important for people to read aboutant them.s. the regionally i wasi motivatedv by a then madcap tranthree aspect like this state sues another state isn't that wacky? abut my publishing house which is a fabulous, wonderful people said we are not publishing a tribute book so think about why it is important to steadypo these odd clause is.se i thought a lot about the issue and they gave workshops in moscow and professors came up with theories and said they suggest blah, blah, blah but it i came up with some talk about why we should studyt "the odd clauses" and also what is important so here is one. you could have a much better understanding of what they're up to. you get a lot of insight as what their purpose was and what they were afraid

dollar. >> yes. >> i had a question for klaus and actually. i'm also an immigrant. you mentioned the fact that regulation and delays are essentially strangling improvement -- both of you mentioned it, improvement in infrastructure which itself is needed for innovation. but at the local level, you often found a welcome. and so can you go into a little bit more depth to make us understand where this strangling effect really comes from and any of you have ideas on how to change that? >> i think -- i think it comes from -- i mean, i have an old saying that my folks know when intelligent people look at the same facts they come to the same conclusion. all right. so let's assume most decision-makers are intelligent, which would -- which would be my experience, so then the only answer is they have very different information. and they don't talk about it. so the people that are on the ground usually understand the situation and how this is going to hurt or help them much better than those that than high echelons, and very often those in my echelons do not take the time to ge

klaus kleinfeld will join us live to talk about the company's outlook and the state of the global economy. >> tom: for the third session in a row, u.s. stock averages made only small moves. but we are higher on the year so far. it was a holiday shortened trading week with the markets closed on monday. over the past four session, the dow industrials is up 1.2% thanks to that big rally on tuesday. much the same for the nasdaq. this week, the index is up 2.7% with three sessions of gains. and the s&p 500 closed out 2011 flat, but began 2012 with a first week gain of 1.6%. as for today's action, over all, the market had a slight negative bent to it. telecom services led the losers, down one and a half percent. consumer staples and utilities fell about a half percent each. leading telecom down was sprint nextel. shares fell only a nickel, but that's more than 2% with the stock just above $2 per share. the company has struggled to compete against a.t.&t. and verizon. it restructured its organization to merge its business and consumers units into one combining sales and marketing efforts. financ

this davos questioning of capitalism in its current form is still serving the globe and we've seen klaus schwab the founder of the world economic forum want to have a meeting with him and b i. spoken about the problems of inequality and in fact income inequality or inequality itself is identified by the world economic forum as the top risk for two thousand and twelve in past years it's been things like the decline of asset prices and in two thousand and twelve that's the top risk interesting language right it's not a problem that needs to be addressed it's not what's really making life so difficult for so many across the globe it's the risk. artie's law unless you're reporting for us there now online at r t dot com find out about those who headed for the world economic forum not hurting their business it. has three activists from the feminist group stage a topless protest in davos against the economic also. this is what's greeting visitors at an australian and nash natural history museum but some of the kids clearly want their history a little less vivid we've got the prehistoric panic o

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is that occupy. protesters and activists are part of the conversation here at the forum. laura list of the couple of world news headlines to make you aware of the syrian troops stormed their heavily populated damascus suburb where government forces pulled out earlier this week after clashes with opposition fighters and security council could vote in the next few days on a resolution aimed at stemming the country that's going to conflict in syria itself the arab league's crucial monitoring mission resumed for the first time week after the set by which saw six gulf nations pull out and call on the u.n. to act. in baghdad ten members of a single family have been killed as they slept after their house was blown up by insurgents two police officers their wives and six children died of explosives were planted around the home three people also died when a

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is the occupy protesters and activists are part of the conversation here at the forum focusing on developments in libya now international medical aid group doctors without borders is wrapping up its mission in the libyan city of misrata claiming continued torture in the country's detention centers the groups there working in the city since august twentieth eleven they say they've treated a total of under and fifteen detainees suffering from torture related wounds the organization says it's reported all the cases to the russian authorities that nothing has changed since january they claim several patients who've returned to the interrogation centers have been told is again spoke to political analyst unglazed glazebrook who says the m.t.c. alice western supporters are aware of the torture but they've got little desire to stop it. it started with the v

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is that occupy protesters and activists are part of the conversation here at the forum all right laura list of in davos and will return to that in just a few minutes in our business update lauren thanks very much. the top job in the world's largest country is a highly prized position so beating your content does require some creative thinking those up for the russian president so you are using every avenue available to get the message out there he's. going to has been looking at the come payne's vote a tactics. but why does it was that you were right is that was that it was that there was a race suits and ties and slogans cold out from the poor d m r the traditional election season fair but they're no longer considered politically. today's complaining has gone online in a hot new trend in russia. with programming and bloggers making fun of the oppos

know it's really interesting because we've been talking about the occupy protesters and we've seen klaus schwab the founder of the world economic forum want to have a meeting with him and be outspoken about the problems of inequality and in fact income inequality or inequality itself is identified by the world economic forum as the top risk for two thousand and twelve in past years it's been things like the decline of asset prices and in two thousand and twelve that's the top risk interesting language right it's not a problem that needs to be addressed it's not it's really you know making life so difficult for so many across the globe it's a risk and to that point i was just picking within golden he's a professor he used to be with the world bank he's been coming to davos for fifteen years he said even though it's grown at the end of the day this is still represents the business elite of the globe and he said that the people here are concerned about inequality in so far as it is a threat to that and they see that people here that have a vested interest in protecting their wealth are seei

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is that occupy protesters and activists are part of the conversation here at the forum . lauren lister reporting right there but will before you get to dmitri with the business so let's do the world update now here and on to some other international headlines in brief ten members of a single family have been killed as they slept in off about house was blown up by insurgents two police officers their wives six children they all died after insurgents planted bombs around their homes three people also died when a motorcycle explosion happened in the northern city of cork they are the latest in a string of attacks since the u.s. military withdrawal in december. the international medical aid group doctors without borders is suspending its mission in the libyan city of misrata because of torture carried out in detention centers they say they repeatedly tr

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is that occupy protesters and activists are part of the conversation here at the forum let's now look at some other news making headlines around the globe in baghdad ten members of a single family have been killed as they slept after their house was blown up by insurgents two police officers their wives and six children died after explosives were planted around learned home three people also died when a motorcycle bomb exploded in the northern city of cool there of the latest in a string of attacks since the u.s. military withdrawal in december. and attempted mutiny and pop one new guinea has been put down a group of around twenty soldiers put the defense chief under house arrest and demanded that the former prime minister be reinstated after he was displaced while abroad for medical treatment the men who were placed him so the crisis is making the

economic forum the irony is that as i was reading one analysis they were saying it sounds a little like klaus schwab the founder of the world economic forum is channeling occupy and his rhetoric about the problems of capitalism the irony of course is the occupy protesters and activists are part of the conversation here at the forum. all these loyalists are reporting there from davos so let's get some other news now from around the world this hour time for the outside world update coming up in iraq an explosion there is killed ten members of a single family as they slept two police officers their wives and six children died as the house was destroyed when insurgents planted bombs around it three people warsaw killed in a separate these are the latest in a string of attacks in the country since the u.s. military withdraw in december. a suicide car bomber has attacked a nato sponsored reconstruction team in southern afghanistan four people were killed all afghan civilians and more than thirteen wounded the explosive a packed vehicle was detonated as the victims convoy passed through the volatile

this davos questioning of capitalism in its current form is still serving the globe and we've seen klaus schwab the founder of the world economic forum want to have a meeting with him and be outspoken about the problems of inequality. and in fact income inequality or inequality itself is identified by the world economic forum as the top risk for two thousand and twelve in past years it's been things like the decline of asset prices and in two thousand and twelve that's the top risk interesting language right it's not a problem that needs to be addressed.