in the lisbon treaty, we have signed on the social market forces. everybody has its own interpretation of what that means. but i don't think that the only pillar of europe should be social. i think it can be one of the pillars of europe, but also we need community and research in our development policy. we also must make the same efforts to reduce our national bureaucracies. we have a lot to create. we have to create a european public, a european space. we don't have that today. during european crisis, for instance, everybody talks about countries. we talk about greece. everybody is talking about greece. pointing their fingers at greece. but when you look at the press in europe, everybody talks about this crisis in a different perspective. and we need a europe with the mobility of workers. it also means that we need transfer possibilities so that everybody can have portable pensions, for instance. if you work in five different countries, you need to be able to take your pension with you. and also we have to harmonize the retirement age. in some coun

one of the all and sporting lisbon managed to claim a two two draw near your warsaw return legs are next. now are chelsea still in the champions league it hasn't stopped manager andre vs boas feeling the pressure he's now admitted he hasn't got the backing of all of his plays and speaking at a press conference ahead of this weekend's f.a. cup tie with the blues are fifth in the english premier league but the portuguese insists he still has the port of chelsea owner roman album over which are spoken frankly with players about the team's unacceptable performance. of the pool players assume. you don't have to but my project is the project. essentially but it is not and for you to do could do to brazil you have to you have to to make sure that you are first to freeze. and then in the stand what are the current happenings in the team and they go and doubling the happenings in the team is that we are in the league and it's a it's not up to our level so everybody must push hard. now meanwhile it's unlikely scottish giants glasgow rangers will go into liquidation that's according to administrato

germany elsewhere let it go madrid enjoyed a three one win at valencia state one nil and sporting lisbon managed to claim a two two draw at leisure warsaw the return leg and next. now are chelsea still in the champions league it hasn't stopped manager on the right of us both from feeling the pressure he's now admitted he hasn't got the backing of all of his plays they face birmingham in the f.a. cup this weekend find themselves in fifth spot in the league after a poor run various bonus admits not all of his plays agree with his tactics but says it's more important to have the backing of chelsea owner roman abramovich. all the players are still. doing of the back my project is the owner of the project. so some of the betting on the century. is not good for you too could do to brazil you have to you have to to make sure that you will freeze to freeze. and in the stand what are the current happenings in the team and they go and doubling the happenings in the team is that we are in the league and it's a it's not up to our level so everybody must push out of the little bit. it's unlikely scot

to go to madrid enjoyed a three one victory lap zero balance here be stoked one nil and sporting lisbon managed to draw two to let you warsaw return legs on next thursday february the twenty first. while another news beach football world champions russia are gearing up to defend their european crown this weekend here in moscow don't worry if it's being held indoors and russia will play france in the quarterfinals while one of the favorites portugal poland elsewhere spain taking on italy and switzerland will play romania russia edge spain's reign or ended spain's reign i should say as european champions in twenty ten and followed it up by beating brazil in the world cup final last year so they're aiming for third trophy in a row they know the competition will be tough. it's definitely switzerland and portugal matches against these two sides are always difficult there without a doubt our main rivals in europe are. now former ones only russian rather the study with rove has finally found a seat for his third season in the high octane sport as a forward no man has joined team k two and the

remember one hundred thousand people were out in the streets of lisbon the same time the greeks were out there is mass protest and austerity and suffering an economic hardship all across europe and now they're going to find that as iran currently supplies five hundred thousand barrels of oil per day to the e.u. there is a potential oil price spike in the offing should iran preemptively stop the flow of oil which is it has threatened to do you know what let me go back to my original question where is germany going with all of this in other words if that is true what you just said and you've got europe forced to take a position between the u.s. israel and u.k. and iran which way will germany swing well carthage is the answer again curfew. must be destroyed now many romans went and fought all these punic wars they fought as valiant soldiers dedicating their patriotic fervor to rome their lands were stolen they paid the price so that carthage was destroyed they themselves were the victims this is part of carthage this is part of iran being destroyed must be wiped off the face of the eart

my comments were perfectly in line with our commitments under lisbon. to prove it, all of the defense ministers in the last meeting i attended, all of them concur in the same strategy which is we're in together and out together by 2014. and we are all following exactly the same process here. we're doing the tranches. we're doing the transition to afghan authorities. obviously we are watching it closely to make sure that it's working. so far it is working. the afghan army is doing a great job. we've got to continue to put them in place. we've got to make sure that they're able to achieve security. everything is conditions-based when you're in war. that's a bottom line here. so we're going to be tracking this very closely as we go through that process. with regards to other decisions, obviously we are in the process of how do we draw down to 23,000 the surge, and general allen will present a plan to general dempsey within a few months to be able to show how that be accomplished. and then beyond that, frankly, no decisions have been made because we are loo

however, lisbon with a seasonal 15 on friday. temperatures will start to drop over the weekend. here is your extended forecast. >>> our lead story this hour, the eu is trying to prevent greece from defaulting on the huge debt. the finance ministers are trying to reduce spending. a new package was passed on thursday, but they need deeper cuts to bail out the funds they need. finance ministers of 17 eu nations met. the chair of the group is calling for greece to ratify the austerity plan by sunday and find a further 325 million euro spending cuts by ne after the talks, jean claude juncker said that the financial ministers will approve extra funding for greece as early as wednesday. greece needs more money from the eu and the international monetary fund to cover government bond payments worth 14.5 billion euro. the payments are due march 20th. >>> that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. do stay with us.

the operating strategy is still articulated in lisbon which is the combat lead will shift -- rather the lead -- combat lead, i guess, would shift to the afghan security forces by 2014 -- >> [inaudible] >> by the end of 2014. that's where we are, and what that transition looks like, and the discussions about the transition take place over time, and as secretary panetta said, it could happen, and hopefully will happen it will be sooner. >> let me wrap up which is the president has been on record as withdrawing troop, but the latest we knew was 60,000 troops by september. any clarity about how fast the troops come home. >> after september? >> yeah. >> i'm sure that's a subject of discussion among nato ministers and heads of state and combat commanders, but i have nothing to announce from here about any changes about the pace, and i think that's determined in part about how successful the transition is taking place over to afghanistan security forces. >> okay. a quick question on the economy. as i'm sure you know, three years to the day that the president had in an interview that if i don't

we are looking for 8 in london. 7 in pis 14 in lisbon. these figures will continue to improve over the course of the week. even up to 2 degrees in berlin. out to the east, still seeing some frigid cold. minus 19 in moscow. if we fast forward to friday, i'll show you what the jet stream is doing. it is moving all the way to the east allowing warmer air to come up to the west. definitely seeing an improvement here. the darker shades of blue showing the frigid air. as we head into russia, temperatures will improve as well. certainly some good news after a very, very long chilly spell. as we head into eastern asia. looking unsettled across japan for the next couple of days. we have one low pressure system here from west into eastern japan. that's going to move out tonight. we have another round of moisture on the way in time for wednesday. more showers will be scattered across much of the southern half of the country. as for the north, the system developing over the sea of japan across from china. that will be a potent system bringing strong

victory won the seymour viktor kozlov the snow with the one the state and in the the inspire from lisbon also from their requests and what they like and what works and their lifestyle have slowly and i love being in a think so much when anderson can me of all sizes mio spec for you and the thing is one of drama feel wonderful and for spring and summer in new wear now if you want this part but just a hint it does not shout it is therefore is is is there a 73 and that's a lot of zeros they're too i payments and $19.62 some known your own you live right now in connecticut and new york city and that massing conn a rosella fund meeting in new apply so fast thank you so much for joining us and make sure you stay on the phones and place orders online is what think you victor thanks for watching connie's up next. prai won't t 500 m of water resistance the automatic movement 24 tools is a third-generation the also have in this hour rate freeze the price way to you see the detail on that bracelets filth of the design that's not have a sell- off didn't identify and dollar watch it is that the right

lisbon at 17 degrees and moscow on the other side looking at minus 7 and turkey at minus 1. let's head over to japan and talk about what's going on here with those heavy snow situation. tokyo has started to see some snow and heavy snow is ongoing. let's take a look at some pictures. here 20 centimeters has accumulated in the last 24 hours. in the same region, 42 centimeters and 40 sen meters has piled up. looks like this is going to be an ongoing story for the weekend. heavy snow around the region. we may see it about 80 centimeters. winds are very strong, too, picking up those high waves and winds and snow combined blizzard conditions as well as blowing snow could reduce visibilities in much of the areas. very dangerous for driving kps. also avalanche is at high risk. fresh snow piling up in very short span of time could lead to surface avalanche which is very dangerous. even down in the south up to 20 centimeters of snowfall is going to be expected into saturday evening and in this region also at 60 centimeters. as i mentioned 80 centimeters here. elsewhere in asia much of

lisbon keeping itself warm at 14. but out here in moscow, minus 17. here's our extended forecast. >>> that's our broadcast for this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye.

in the lisbon treaty, i think, there is the possibility of sending petitions to europe. you could create a mass movement or give an ideal or gave an idea, and you can give to it the european parliament if you have enough signatures. in my party, in the city we said that perhaps we should have direct election of the commission president so that he would be more identified with the voters. but i think that we have a much simpler task. the european parliament has become extremely powerful. bury the mps in europe do not realize how powerful they are. they don't feel powerful. it's very interesting to watch. the mep in the party in europe represent totally different positions than the positions they defend in their home parliament. and the american president asked me, he said what happens in the european parliament? because they take decisions that are completely different from the decisions taken by the german parliament or the french parliament. and for instance in germany, we have very tight links between the parliaments of the lender and the federal parliament. they defen

heard and all i have seen, i think all allies and all partners stick to the decisions we took in lisbon. that is the road map leading to the transition of lead security responsibility to the afghans completed by the end of 2014. >> but that has not stopped some nato members from hoping to end combat operations sooner rather than later. >> joining us now for more on this story is our brussels correspondent. what is driving the courage to get out of afghanistan sooner than later? >> growing discontent amongst the public's eye in most parts of europe and indeed, across the atlantic in america. remember, this war has been waged now for 10 years. there is a genuine sense that people are fed up with it. it sounds a bit cynical, but it has been a long and costly war for all concerned, and any sign of slippage in combat troops is bound to be seen as a sign of discontent and a sign that publics will not tolerate it anymore. and remember, america is suggesting reducing its troop numbers there. so it is france. but election years in those countries. >> why do you think nato has chosen germany is t

lisbon at 18. 14 in london. and very different story as i mentioned. ankar minus 3. it's going to be dipping down even more. here's your extended forecast. >> that's our broadcast for this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye. . .

those are going to be recovering in towards the midweek and lisbon staying at 14 degrees for the tuesday high. here's our extended forecast. >>> that's our broadcast for this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye. . .

up to 20 in lisbon. out towards the east 7 in warsaw and 3 in kiev. as we head towards sunday the temperatures will start to fall again. i leave you with your extended forecast. >>> once again the top story at this hour. officials from the united states and europe and north korea have met for their first nuclear talks since the death of the north's leader kim jong il, in december. the two sides agreed to continue discussion on friday. the meeting took place in beijing on thursday between u.s. special representative on north korean policy glen davys and north korea's first vice foreign minister. the u.s. envoy spoke to reporters after meeting with kim. >> they haven't quite concluded. and we intend to pick up where we have left off this evening tomorrow. >> davys added the delegates from both sides would have dinner together on thursday. during the meeting the u.s. is believed to have urged north korea under new leader kim jong un to agree to make moves towards denuclearization. north korea is thought to have demanded food assistance in return for maki

lisbon warm at 14. but out here in moscow, minus 17 degrees. kiev at minus 16. here's the extended forecast. >>> that's our broadcast for this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye. . .

lisbon at 17 degrees and moscow on the other side looking at minus 7 and turkey at minus 1. let's head over to japan and talk about what's going on here with those heavy snow situation. tokyo has started to see some snow and heavy snow is ongoing. let's take a look at some pictures. here 20 centimeters has accumulated in the last 24 hours. in the same region, 42 centimeters and 40 sen meters has piled up. looks like this is going to be an ongoing story for weekend. heavy snow around the region. we may see it about 80 centimeters. winds are very strong, too, picking up those high waves and winds and snow combined blizzard conditions as well as blowing snow could reduce visibilities in much of the areas. very dangerous for driving kps. also avalanche is at high risk. fresh snow piling up in very short span of time could lead to surface avalanche which is very dangerous. even down in the south up to 20 centimeters of snowfall is going to be expected into saturday evening and in this region also at 60 centimeters. as i mentioned 80 centimeters here. elsewhere in asia much of the

so friday, cold conditions start to cover much of the iberian peninsula. 2 degrees expected in lisbon. the cold weather will continue into the weekend. the exception is going to be turkey. highs will return to more seasonal levels. expecting 12 degrees in athens friday. here is the extended forecast. >>> our lead story, kim jong-un has been in charge of north korea more than a month and the big question is howl deal with his southern neighbor. the new leader reached out in a sense. his regime sent an open letter to south korea, urging the country to respond to nine questions. north korean media is reporting on the letter. the document calls on the south to offer an apology for not sending an official mission to the north to express condolences over the death of kim jong-un's father, kim john-il. the letter presses the south to can sell upcoming joint military exercises with the united states. the drill scheduled to start the end of this month. as we mentioned, the letter contains questions for the south. the north asks it to promise to stop criticizing it for the sinking of a south ko

lisbon staying in the double digits at 14 degrees. i'll leave you now for your three-day forecast. >>> that's our broadcast this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye. . .

as for temperatures getting up to 20 degrees in lisbon and 16 degrees in madrid, and still a very warm in berlin with 12 degrees despite rain, and out toward the east right at the freezing point in moscow and 4 degrees in kiev. with a mix of rain and snow. here is your extended forecast. >>> our lead story this hour, the united states and north korea will continue talks on friday, related to pyongyang's nuclear program. the talks are the first since the death in december of former leader king jong-il. >> talks today were substantive and serious. we'll pick up again tomorrow and see if we can't make a bit of progress and have something a bit more substantive to report to you. >> translator: we have discussed all the issues that concern us. both sides were sincere. >> during the meeting the u.s. is believed to have urged north korea to take steps toward denuclearization, including ending all uranium enrichment. north korea is believed to have asked for food aid before the celebrations in april. it would have been the 100th birthday of the founder, kim il-song. they hope the two sides wil

getting up to 20 degrees in lisbon and 16 in madrid. up to 12 in berlin with some light showers. out towards the east, right at the freezing point in moscow. and 4 degrees in kiev with a mix of rain and snow. all right. that's it for me now. and here's your extended forecast. >>> some primary schoolchildren in london got a little taste of japan as part of the city's preparations for this summer's olympic games. about 100 children were invited to lessons on japanese culture at imperial college london on thursday. >> konichiwa! >> the children learned to count and exchange simple greetings in japanese. they also participated in a powerful drum performance emphasizing the beats with their voices. the event apparently won some new fans for japan. >> i'm supporting the british, but i have a feeling inside that i got high hopes for the japanese. >> the college plans to rent out part of its facilities to japanese athletes. the london olympic games open on july 27th. >>> all right. and that wraps up this edition of "newsline." i'm catherine kobayashi in tokyo. thanks for joining us.

we're looking at lisbon at 15 degrees for the high on your friday. here's the extended forecast. >>> the greek government says it will accept austerity measures that are preconditions to receive additional financial aid from the european unions and oers. greek rulers held talks on the meeting ahead of the eu financial ministers. the eu will discuss additional financial assistance for greece. the eu and others have been demanding greece implement austerity measures as a precondition for about $170 billion in financial support. that's our broadcast for this hour on "newsline." we'll be back with more news in half an hour. thank you for watching. bye-bye. . .

silvia is in lisbon. i suppose the big question everyone is wondering is if portugal is yet caught riterize any major greek default? >> reporter: that's a worry for portugal, ireland to a lesser degree maybe spain and italy. portugal and everybody around the situation insists they are not another greece. they have an intact economy, a small economy, that needs to do some homework. they are doing homework. they are sticking with the program. of course we all know as much as portugal might be the poster child for the reform progress, if the rest of europe doesn't reform and help it along and if there is a great deal of fallout from greece, then the markets will punish or very likely punish portugal as well and the re-entering into the market would be a very tall order indeed. i want to talk with this about a man for a long time because he has central bank experience, sev central bank governor for quite a number of years here in portugal and now in the private banking sector. thanks for joining us here today

nyse euronext also owns bourses in paris, lisbon, bruss els and amsterdam in addition to new york. the two exchange operators agreed to the merger last february as more financial markets are seeking to realign in the face of increased competition. japan's sole maker of d-ram chips forecast a net loss of about $1.5 billion in the current business year through march. the strong yen is the main cause. the world's third largest chipmaker was created through a merger of the dram operations of hitachi and mitsubishi electric. to rebuild its business, the firm is considering a tie-up with leading u.s. chipmaker micron technology. it also plans to move part of its production at its leading plant in japan to taiwan. the japanese government injected public funds into mill pita five years ago. dram chips are essential for digital equipment. japan's government is gearing up for negotiations with the united states on joining the transpacific partnership free trade agreement. negotiations with january and japan secured support from four of the nine countries involved including vietnam and brunei

rome that took place 50 years before, and back then, we took advantage of that to talk about the lisbon treaty and to underline what europe is all about. what means the european union. what we owe the european union and what we expect from the eu. we summarized all this in the berlin statement, which mentioned first that war is over, and we talked about the freedom, about good living standards, friendship. this would be the new normal. we talked about multiplicity and diversity, and we talked about the conviction that the great question of the time can only be solved together. that was the basis of what we wanted for the future in the 21st century. we can only answer the questions if we are together, and i think in this berlin statement we summarized very well what we wanted for europe. and we concluded and i quote -- "the citizens are europe are fortunately united. we are fortunately united." europe defends freedom, democracy, freedom of the press, all of this is anchored in our freedoms. and thanks to economic success in unity, and when we read huma. freedom of the press. we can see t

awhile since we have seen that rise above the freezing point. 8 in london, 7 in paris, and 14 in lisbon. here is the extended forecast. >>> our lead story this hour. the united states has been frustrated in its efforts to kick start talks over north korea's nuclear program. but now the obama administration has announced that envoys will meet next week for the first time in four months. the delegates from the two sides are scheduled to meet february 23rd in beijing. glin dave east will represent the u.s. these will be the first such talks since kim jong-un took over in december. representatives of the u.s. and north korea last met in october in geneva. u.s. state department spokesperson victoria nuland said the u.s. wants to see if north korea is ready to take concrete steps towards denuclearization. talks have been stalled more than three years. the u.s. envoy will visit seoul and tokyo in the days following the talks. davies will report on what he learns. that wraps up this edition of "newsline." i'm catherine kobayashi in tokyo. tokyo. thanks for joining us. -- captions by vitac -- ww

but in the lisbon treaty, we said okay, we're going to do the same with the stability pact. all the heads have said oh, no, no, no. we're not going to do that. it's so important because it's hitting our budgets. so we don't want the european court of justice to meddle with that. and we saw that it doesn't work, especially when you have a common currency. then it should be even more binding. so it's not a question of a transfer, it's a question of finding a way to apply what we had already committed ourselves to. and if we don't, we'll be sued. but within every country there are transfers. in germany there is a transfer. you asked me if the pact was a fiscal union. i said no. so now you are asking me are there transfers within countries? of course. in every country there are transfers. in germany we have a history of that is 60 years old where we compensate the finances from one land to the other. there is a huge discussion right now in germany, because a small amount of lender in germany are paying for the vast majority of the lender. but as i said we have a european communi

and lisbon at 15. here's the extended forecast. ♪ >>> as we've been reporting, north korea says it will immediately halt enriching uranium. and they've dismissed calls to blow up them. >>> that's is for "newsline." i'll be back in a half-hour. thank you for watching. bye-bye. >>> hello, this is nhk world tv. our first choice of the week looks at how china's rising divorce rate has created a new business opportunity. among some of china's newly rich, a mistress has become a symbol of financial success. now around 2.5 million marriages end in divorce annually. "china wow" looks at a profession that's tackling this problem. >>> next, a program that focuses on women in broadcasting. in the past, broadcasting had a reputation for being a boys club. now many of television programs are created by women. we follow a director working at the forefront as she balances work with the procedures upon marriage and childbirth. >>> and last, the latest edition introducing new technology that might change the world of m

thank you cam welcome back to the show this hour officials are in lisbon to check if portugal deserves the next fifteen billion euro transfer it's bad out but bankers at goldman sachs that leads up to fifty billion to sit through the next few years as a situation that deteriorates down you bush or looks at the problems facing the next year as an states in the firing line. the room for the seventy percent. single currency indicate the returns. to its own employment is at record highs moody's downgraded the country's rating to junk status and this recession is getting worse g.d.p. slow two point seven percent in the last three months of twenty live in. the euro zone of fear of contagion. greece's default has already happened for investors and we should be worrying about the real elephant in the room portugal. let's take a look at the markets and i always start with the current here is trading at. the very ball on hopes greece it was still a long way to the next weight on the reverse hard against u.s. currency supported by stronger crude oil max oil is trading near the highest level in si

thank you carrie welcome to the program at this hour the officials are in lisbon to check if ports go deserves the next fifteen billion euro tranche of its bailout but bankers that goldman sachs say fifty to see it through the next few years as the situation there deteriorates artie's done you bushell looks at the problems facing the next year as a state in the firing line. inspectors a royal for the seventy percent chance portugal will quit the single currency indicate the returns demanded by investors to listen to it unemployment is at record highs moody's downgraded the country's rating to junk status and its recession is getting worse g.d.p. slumped two point seven percent in the last three months of twenty eleven why businessmen outside the eurozone are frightened is fear of contagion. greece's default has already happened for investors and we should be worrying about the real elephant in the room portugal. the russian nord stream gas pipeline may not start operating at full capacity on time the dow jones agency quotes co-developer gases saying one of its branches may be delayed

the differentiation between the super rich and the poor people in the country they officials are in lisbon to check of portugal deserves the next fifteen billion euro trance of its tranche of its bailout but bankers at goldman sachs say it needs up to fifty billion to see it through the next few years as the situation there deteriorates artie's daniel bushell looks at the problems facing the next year as a state and the firing line. single currency indicate the returns. to it unemployment is at record highs moody's downgraded to junk status and this recession is getting worse g.d.p. slow two point seven percent in the last three months of twenty live in. the eurozone. default has already happened for investors and we should be worrying about the real elephant in the room portugal. let's take a look at the markets now currencies first the euro is trading a bit hard to both the dollar the ruble on the hopes greece will see a long awaited deal next week the rule is high against the u.s. currency supported by stronger crude let's take a look at. heading for its biggest weekly gain this year as

hello there welcome to the business program this hour officials are lisbon to check if portugal deserves the next fifteen billion euro transfer its bailout but bankers at goldman sachs that needs up to fifty billion to sit through the next few years as a situation that deteriorates. looks at the problems facing the next years and states the firing line inspectors a royal for the seventy percent chance portugal will quit the single currency indicate the returns demanded by investors to lend to it unemployment is at record highs moody's downgraded the country's rating to junk status and its recession is getting worse g.d.p. slumped two point seven percent in the last three months of twenty eleven while businessmen outside the eurozone are frightened is fear of contagion chief says greece's default has already happened for investors and we should be worrying about the real elephant in the room portugal. you're paying gas consumers with russian fuel with a ten percent discount the country's gas monopoly gas problem says it's agreed to price cuts but force of course to increase the price comp

and in the midfield the final result will be set in the second leg game in lisbon and i. think you do at least have a realistic chance of making the course is not is more. can be said of asshole who with rush for no at the san siro brazilian striker being a scoring twice a city at champions dominated the game kevin prince boateng is left hand to him we've got the other goals after this arsenal coach asked and then you can say that his team are pretty much out of the competition but his opposite number said it was a deserved way. and you hope for the rejoinder to be a really stick. we don't claim dream or. maybe two percent or five percent structure chances but. we have. to show a completely different performance and you never know but it's a really. really really be out of this competition about what a lot of us are with i'm sure the story discord was greater because we had many chances to score and we did make it so when you can score you should score especially in the champions league two legged much we have a good lead but we have to be more clinical up front. now this

warm welcome to the business program this hour officials are in lisbon to check if portugal deserves the next fifteen billion euro transfer it's bad out but bankers at goldman sachs says it needs up to fifty billion to see it through the next few years as a situation that deteriorates. the problems facing the next years and states in the firing line. inspectors arrived with a seventy percent. quit the single currency indicate the returns. to it unemployment is at record highs moody's downgraded the country's rating to junk status and this recession is getting worse g.d.p. slump two point seven percent in the last three months of twenty eleven. the eurozone fear of contagion. greece's default has already happened for investors and we should be worrying about the real elephant in the room portugal. are going to take a look at the markets now or get started with oil and it's trading near the highest level in six weeks because of encouraging signs from the u.s. the biggest consumer of crude of course with jobless claims. since two thousand and about the light sweet breads are indeed asia

so this is an agreed upon transition sequence that was adopted at the lisbon conference, is being worked through on both the military and the civilian side, will be further refined in chicago and we're certainly, you know,h on that. >> thank you. the -- the issue in youre yope talked about pivoting to asia and we know that the president has talked about marines in australia. i know you recently gave a speech talking about the south china sea and activities there. could you just talk in a broad general way about what this actually means for the united states to put more of an emphasis on the specific in the pacific? are we talking about containment of china? how does china relate to this whole thing? and what roles are we trying to fulfill? >> well, i think, senator, we have always considered ourselves so blessed by geography that we were both in atlantic and pacific power. and that unique position has granted the united states significant strategic advantages that have been accompanied by economic benefits and so much else. but because of our heavy emphasis starting on 9/11, and going af