>> lloyd's has been in business for over 300 years. and certainly in more recent years, a large part of our business relates to natural disasters. i wouldn't just say weather because frankly, we would put earthquakes in the same category as natural disasters. now, what we have to do is to use all the predicting tools that are out there to try and make sure that we're properly reserved for whatever claims may come up in the future. >> thank you very much for joining us, lord levine joining us from london there. he is the chairman of lloyd's of london. >> very interesting stuff, nina. >>> coming up on the show, "world business today," typhoon roke strikes. we'll be live in japan as the storm shows its force across the country. stay with us here on cnn, the world's news leader. that's a recipe for failed investing. open an e-trade account and open doors, seize opportunities, take action with some of the most powerful yet easy-to-use trading tools on the planet all built to help you maximize the potential of every dollar you invest. succes

lloyd blankfein sent an apologetic e-mail to carney afterwards good cut bad. there's been fun doing the bad cop routine screaming at a financial officer of another country get some completely frazzled and income smooth lawyer a bald lawyer smooth come in talk him down good cop bad cop and this is what we saw some guy there in europe trying to get merkel to accept european tarp who are these american financial terrorists and why are they being allowed to roam the world and call their destruction why castro it but there are just tell. me the cards again jamie dimon the c.e.o. of a bank is in a closed door meeting that we don't know about other than the fact that he threw a tirade to our regulators and to a central banker now think about the occupy wall street guys being arrested dozens and dozens of them and maced in the face for walking down the sidewalk here's jamie diamond was he maced in the face no according to the reports no he wasn't these bankers the lloyd blankfein and jamie dimon of the world are able to me in closed door meetings with regulators and s

sides for i know what the consequences are today might hold and are joined by a bristly room peter lloyd life from manchester is awaiting her much for being here with us in the program or as we know you have been to palestine heading a special parliamentary delegation so how ready are the palestinians to take control of their nation in your opinion. but i think they're already of course like like all things the the frustration for the palestinians is that since the oslo accords in one nine hundred ninety three they've been waiting for the international community to give real impetus to. the negotiations around a two state solution and they wait the patiently wait and the haitian can wait so. in the sense this this determination of the palestinian authority is not in and for its agenda has got to be understood by the world was both about the frustration of the palestinian dragonfly about the lack of progress frustration about the lack of impetus in washington and with the quartet russia the e.u. the united nations and of course the frustration that is every term and israel seems to be abl

lloyd lacuesta road along with a chp officer today and he's here now to show us what happened, lloyd. >> i just have less than two hours less for the maximum enforcement period. but the chp is not letting up in its campaign to get drunk drivers off the road. the the wail of the siren was heard often. watson said he clocked this car going 85 miles per hour. last night he said he stopped two intoxicated drivers and sent them off to jail. >> he was.119 was his blood alcohol level. even after he got him in jail he didn't feel he was drink. >> with alcohol the first thing to go is judgment. so that's why a lot of people think that they can drive safely. >>> sobriety checkpoints seemed as common as bar-b-ques this weekend as police focused on getting the drinking drivers off the road. >> even if we don't catch every single one. just having us out there is a deterrent. they see our patrol vehicle, they slow down, they change their driving habits. a lot of times just that fact alone will save lives. >> reporter: a first dui conviction can cost $1,000. 96 hours in jail and a suspension of a dr

lloyd lacuesta road along with a chp officer today and he's here now to show us what happened, lloyd. >> i just have less than two hours less for the maximum enforcement period. but the chp is not letting up in its campaign to get drunk drivers off the road. the the wail of the siren was heard often. watson said he clocked this car going 85 miles per hour. last night he said he stopped two intoxicated drivers and sent them off to jail. >> he was.119 was his blood alcohol level. even after he got him in jail he didn't feel he was drink. >> with alcohol the first thing to go is judgment. so that's why a lot of people think that they can drive safely. >>> sobriety checkpoints seemed as common as bar-b-ques this weekend as police focused on getting the drinking drivers off the road. >> even if we don't catch every single one. just having us out there is a deterrent. they see our patrol vehicle, they slow down, they change their driving habits. a lot of times just that fact alone will save lives. >> reporter: a first dui conviction can cost $1,000. 96 hours in jail and a suspension of a dr

, lloyd. >> reporter: we're in downtown palo alto where people we talked to tonight are very nervous about what will happen tomorrow when wall street opens for trading. >> i think people are scared. my 401k is going down the toilet which is not good. people are scared. >> sure it affects me, yeah. 401ks. >> reporter: just ride it out is what you're telling me? >> what can you do. >> reporter: the opening bell was the only optimistic part of the day. yesterday a report said quote there are significant downside risks to the american economy. and that analysts say began the sell out. >> we had a very correlated downturn in the market. where everything got sold. >> reporter: terry conely the dean of the golden gate university school of business says what happened today was a very irrational response. there is no recession and many companies are posting gains. but there are fears of not just the american economy, but the financial situation in europe and china as well. >> the market today was driven primarily by emotion. rather than fact. primarily by propositions about what the future mi

, lloyd. >> reporter: we're in downtown palo alto where people we talked to tonight are very nervous about what will happen tomorrow when wall street opens for trading. >> i think people are scared. my 401k is going down the toilet which is not good. people are scared. >> sure it affects me, yeah. 401ks. >> reporter: just ride it out is what you're telling me? >> what can you do. >> reporter: the opening bell was the only optimistic part of the day. yesterday a report said quote there are significant downside risks to the american economy. and that analysts say began the sell out. >> we had a very correlated downturn in the market. where everything got sold. >> reporter: terry conely the dean of the golden gate university school of business says what happened today was a very irrational response. there is no recession and many companies are posting gains. but there are fears of not just the american economy, but the financial situation in europe and china as well. >> the market today was driven primarily by emotion. rather than fact. primarily by propositions about what the future mi

is putting profit above syria lloyd's. diplomats warn sanctions won't even hit the mark ordinary people not the leadership they claim to target and most importantly not europe's oil companies have to be on the shoulders of the syrian people while their companies are protective the e.u. is also hurting itself think exposed as the most this will simply shifts a ploy to the competition if you look at syria. already the chinese authorities have said good by any account you officials hope new stocks of the black gold from libya would take up the slack but they may be disappointed will not start being productive and they are made in the end of next year and it they were an embargo on syrian oil. they would be short. with the wall riggins colonel gadhafi taking much longer than the west expected maybe cutting off one supply before a secured another new bushel for ati in brussels. dr tartt picture amar with philadelphia university in jordan says although the brain is being laid on the syrian government the opposition is also been

lloyd and mrs. lloyd. thanks for letting us come in here. really appreciate it. you're an electrical contractor, too. right? >> i'm electrical for 26 years. we do lots of big projects. we dot lots of industrial and commercial and residential. >> so you have to get a california special license. you have to be a special licensee to do electrical what is that license? >> yes. i have a c-10 licen and b license. >> b is a general contractor's license. >> yes. more interesting for me, i do a lot of c-10 for electrical. >> about three, four years ago you opened up a supply house. >> we opened e & e electric for around five years. >> you don't have so many guys out on the field any more. >> no more. i just have a lot of contractors. they come in for a lot of questions about national code. so if i understand, i tell them whatever i know. my knowledge. >> i think it's actually terrific that the person selling the equipment is somebody who is trained and experienced and has been working the field for so many years. >> i try to do my best. if i know, i tell them. >> and you

lloyd: we're targeting a completion date of 2012 for tunnel 3. and we already are starting to prepare to take tunnel 1 offline. narrator: the construction of tunnel 3 is vital for maintaining the sustainability of new york's drinking water infrastructure. but the pipeline is useless if there's not a reliable supply of clean water within it. hurwitz: the city bought up land around the reservoirs to prevent it from development. it provides assistance to local residents to see that there's no pollution of the reservoirs. it's much more cost effective to prevent pollution and to protect a source of water than to remove it at the drinking water treatment plant. lloyd: what epa said to us was, "you can have an exemption from filtration "if you keep this undeveloped, "and if you can manage the wastewater so that it does not pollute your water supply." and we feel that we've reached the point where we can really keep it clean enough to drink unfiltered for the indefinite future. and new york city is in a small club of cities that actually have that filtr

or somebody you know commits a loss of face you would think jamie or lloyd would do something ceremonial something occur to you know save face but now they're all the town bookie and because they were the biggest financial crisis in the world poor mean the cocktail so bankers want to do the right thing but neither well the justice department let's look at what they go after and who they go after in the american system global banking crisis once again trillions of ben bernanke us dollars being floating around the world break eight amish men jailed for not putting orange safety trying goals on their buggies as you can see from this photo now one single one of these guys is lloyd blankfein or jamie diamond or any of the other shoe models on wall street oh well the problem is that american forces armed forces and the cia and these other idiots they've run out of people overseas to harass so they've got to harass people in the in the americas now in the united states in north america they got to be subjected to this type of harassment this is what the rest of the world is endured for decades

the most horrific one of the it's a bowl of cereal lloyd's. e.u.under fire as it emerges its latest sanctions against the syrian regime won't come into force for another two months. spain prepping for a fresh wave of protests hasn't said it needs to discuss capping the budget deficit ahead of wednesday's crucial vote a move many fear may lead to huge social cuts. consent pioneers of israel's rallies against social injustice forty years ago joined the recent protests on the same topic but said the problems have only gotten worse and as ukraine attempts to renegotiate gas prices with moscow russia is about to start building the north sea on the seat on the sea pipeline which will eventually bypass transit countries and the directly to european consumers more and that. it's noon in moscow i mattress so good to have you with us here on r t our top story the head of the arab league is.

safety triangles on their buggies as you can see from this photo now one single one of these guys is lloyd blankfein or jamie diamond or any of the other shoe models on wall street but all the problems of american forces armed forces and the cia and these other idiots they've run out of people overseas to harass so they've got to harass people in the in the americas now in the united states and north america got to be subjected to this type of harassment this is what the rest of the world is endured for decades and now people understand why there is a lot of tension have there yet one fact why they ended up in jail is because they refused to pay the fine for the ridiculous need of a safety triangle but finally these two little headlines here max to show you about this is. no the printing of dollars going on on one side of the world unlimited amounts of money for rogue traders around the world gold set to breach two thousand dollars an ounce by year and ask this is gold fields mining service and they're saying that central bankers are seen lifting twenty eleven purchases to three hundred th

yes that's an image of lloyd blankfein wearing camouflage and aiming a pistol this is referring to the financial housing finance agency the f.h.a. who has filed lawsuit against seventeen banks including goldman sachs j.p. morgan society general credit suisse barclays and a few other banks but. that's my question here is this just a propaganda war because it's only a civil suit it's not a criminal suit nobody will do any time for this they'll be a fine paid we already saw at the top of the show that an agent the armed wing of the international bankers the i.m.f. is basically threatening that the whole system is about to collapse if you force these banks to pay the two hundred billion dollars and fraudulent asset backed securities that they sold to fannie mae and freddie mac. go you know the goldman sachs response will be to threaten to crash the u.s. economy again using high frequency trading or the trading market manipulation bester that's what they do they have the exchange in a basically captive as part of their hostage taking of america and they threaten to collapse and if this inve

there was a report that came out yesterday that said that lloyd insurance company, lloyd's of london insurers, they are reluctant to put their money into certain peripheral banks. they didn't exactly say which ones they were but i think we can have a pretty good guess as to which ones they might be. and if you get an insurance company like lloyd's saying we're not really sure where we're going to be putting our money, where we're going to be depositing our money, then i think you have a problem. christine legard hinted at the problem and said the banks need to be capitalizing properly and they need to draw on the money from the european stress fund and that needs to be put into the banks in some ways. she's really stating the obvious, banks need to be recapitalized just in case anything were to happen to greece and that would mean that the banks suddenly run out in liquidity. >> the best news is it's the weekend tomorrow. david kuo, as always, thank you so much for talking with us today. we appreciate it. >> thank you. >> all right. let's take a look at these commodities as we saw ye

blankfein they pushed lloyd blankfein of goldman sachs his message out saying that bankers are doingod's work they see we can we can go faster than the limits of god the speed of light the speed of sound we can go faster well the markets ultimately will smite the high frequency traders in the form of a global insurrection against banker occupation get your gear team sharpened hard global financial apocalypse. phantasmagorical stacy herbert thanks so much for being on the kaiser report thank you rex go away much more coming your way so stay right there. three. three. three. three. three. we've long. for your media. real john darche john tom. illegal. election. plain was. liam in the morning and welcome back to the kaiser report i'm max kaiser time now to go to london and speak with ned mailer leeland asset management ned welcome back to the kaiser report tom nice nice to be here at all boy we've invited you back on the cars the reports of talk about the latest in the j.p. morgan silver manipulation lawsuit and scandal tell us about the latest developments well look i think it's a real