nec and its labor union reached a pay cut agreement on tuesday. monthly wages for 16,000 union members will be reduced by 4% for nine months. the company is expecting a net loss of $1.2 billion in the business year that ends this month. it had already decided to slash wages for board members and senior managers by up to 40%. nec also plans to eliminate 10,000 jobs in the group. >>> here are the latest market figures. >>> over 5 million tibetans live in the tibet autonomous region and other parts of inland china. tensions are increasing due to tibetans in these areas setting themselves on fire. tibet's government in exile says 12 people set fire to themselves last year. already this year the number is at 17. they're protesting the chinese government's oppression of religious freedoms. demonstrators have also fought with police resulting in casualties. china's government claims the dalai lama controls the tibetan government in exile and its purpose is to separate tibet from china. in response, the government in exile says the chinese have cracked do

nec is asking labor unions to accept a monthly pay cut. the japanese electronics maker propose that wages be reduced for 4% for nine months. the proposal is the latest of planned cost kwuting measures. they include slashing 10,000 jobs in the group. nec has been hit hard by the strong yen and flooding in thailand. i projects a loss of over $1 billion for the net business year ending this month. here are the latest market figures. >> a japanese kor on thursday acquitted a man who had once been sentenced to death. the man was found guilty of murdering two people. he has denied the charges. a secret at the crime scene turned the decision around. on thursday the court handed down the not guilty verdict citing the lack of evidence that the 54-year-old prison guard was at the crime scene. he was charged with killing his daughter-in-law and her baby son and setting their residence on fire in 2002. his dan was found on a cigarette butt among 72 such butts left in an ashtray on the stairway. but no direct evidence was found at the scene. he was sen

. >> after the state dinner, we will nec's sea captain wales and prince harry in action. -- see captain wales and prince harry and action. >> the show goes on. before we go, we reminded that six british soldiers are missing. it is believed to have been killed. there were on patrol when their armored vehicle was hit by an explosion. if confirmed, their deaths pushed the number of british battalions in afghanistan above 400 since the start of the invasion in 2001. on hearing the news, the prime minister said it is a desperately sad day for the country. that is it for the moment. do stay with us here on "bbc world news." >> make sense of international news at bbc.com/news. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank.>> at union bank, our relationship managers use their expertise in global finance to guide you through the business strategies and opportunities of international commerce. we put our extended global network to work for a wide range of companies, from small businesses to major corpor

proposals that better reflect our nation's values of fairness and shared responsibility and amdments nec sure we have a vibrant and dynamic and prosperous nation into the future. i. >> i thank you mr. yarmuth. and i think you framed our closingti is not whether we develop a plan to reduce the deficit. the question is whether we do it in a way that's balanced and calls for shared responsibility. and with that, mr. chairman, we >> all right. thank you. we will now proceed with the consideration fiscal year current 2013 concurrent resolution on the budget. the staff will give an overview of the budget. call a staff walk-through portion. i want to recognize direct a our policy director jonathan our budget analystrz wl be joining us as well and our chief counsel paul restusia for the purpose of considering the documents. the staff is avail t factual an questions but they are not here to enter into debate. that's what the members are so let me turn it over t staff. the general outlines of the budget resolution. i think from talking to the minority staff the thought was . we'd be happy to revie

it was established in 1999 from the chipmaker firm of nec and hitachi. that's a negative one there. ai? >> ramin, the dollar gained a touch since the drop we saw yesterday. how is it looking this wednesday? >> exactly. the dollar just having a little bit of influence perhaps for exporters but obviously we are not seeing that in the overall picture, as i said there the nikkei down over 100 points, but the dollar/yen as you can see there now trading at the lower 83 yen levels compared to the upper 82 yen levels this time yesterday. the yen weakening against the dollar and the euro/yen trading around 110.73-80, so really seeing the yen continuing to weaken there, and also as we're heading into earnings season in the next couple of weeks, that's also going to be interesting to see how it affects the bottom line for a lot of japanese companies. still, ai, really the main focus is also on economic data out of the u.s. and how the investors see the fed perceiving or taking in these economic data, and if that's going to either alter their monetary policy or if the fed's going to stick to it

they gave him food and he remembers the resulted he had to rush to his nec's class and could never make it on time. also shattering the later economic outlook is enthusiasm for capitalism. quite the on to procure at rutgers. they had them corny antiquated traditions where all the freshmen had to weird green ties and white socks. he went to the freshman dorms door to door selling creed ties -- green ties and white socks. he partnered with barnes & noble for the book buyback scheme where the three men got a cut of all of the books barnes & noble bought back then got another cut when they sold them back to the next dance sometimes he would resell them on his own. he is an entrepreneur. my point* is milton friedman was a guy rather controversial made the statement economic source scientific theory is only useful in relations to how much it can fro -- conforms to the world that we levin. milton friedman economics works because milton friedman works. if you contrast him with the other great economist with john maynard keynes, not just different philosophies of backgrounds. he was born into ac

. >>> nec next week, a big one on cnn as we count down to super tuesday.'ll head south making several stops along the way to austin. that's where we'll land for full

sebagh's decollete cream, for firming the delicate skin arou the che and nec >> paties pay thsands of for a series of treatments containing dr. sebagh's amazing melon extract. >> that's why meaningful beauty's regular price of $119 is already quite a bargain. >> but because cindy has decided to oer these e-defyinformulas direct to consumers with no retail markup, you won't pay $119 formeaningful beauty. >> customers who call in the next nine minutes will receive an unprecedented 50% discount and pay just $59.95 for the complete meaningful beauty system. >> meaningful beauty is an awesome product, d you gethose relts that other people are spending so much money on. >> in france at the prestigious colette boutique, women ha lined u to buymeaningful beauty, paying as much as75 eurosor it. >> that's over $300 u.s., but all you'll pay is just $59.95. >> and our offer doesn't stop there. call now, and we'll add these bonus gifts, including dr. sebagh's famous facial mask, worn by cindy to prepare for her wedding day. >> watch as pore size is visibly diminished and your skin texture is drama

. >>> nec next week, a big one on cnn as we count down to super tuesday.'ll head south making several stops along the way to austin. that's where we'll land for full coverage of south by southwest. the biggest digital and interactive conference in the world. we'll have lots of special treats in store for you next week as "your money" will be live from the cnn grill at 1:00 p.m. eastern on saturday. and we hope you'll join us for that. thanks for joining the conversation this week on "your money," stay connected to us 24/7

it can have an nec incredible impact, so don't think that you are doing something small is not relevant, it's very relevant. i would ask you when you leave here do something he'd. >> thank you. [applause] >> i want to thank you all for coming. i know you have better things to do on a friday night. it's a great honor. i don't do a lot of these events and i want to think the people of the library. this isn't just a library. i consider this like a national town hall meeting for people who remember the revolution and think we need another. so thank you very much. [applause] in a non-partisan way of course. >> speaking of thanks we want to give you a gift from the library, but i think i would like to make sure we give you diskette on behalf of everyone who was so nice to come out tonight and that is a fellow that we might recognize. [applause] it is inscribed 2012 and there's a quote inscribed which is one of the very last lines in the book and it is a ronald reagan quote and it says it is time for us to realize we are too great a nation to live in ourselves -- limit ourselves to small dream

nec the craft which basically depicts the old world and the new work, some teams as big innovation, big entrepreneurial space that have been for the new economy to foreign. and that is what i am not trying to apply to medicine is this concept. this is very different than the clayton christiansen model of disruptive innovation that takes us to another path of innovation and radical transformation. so i'm a big fan of schumpeter obviously and my favorite column to read each week is the economist schumpeter. so last week i ran the column and it says, now for some good news. i had no idea what this column was going to be. it sounded like an interesting title and it turned out it was a review of this book. for those of you who suffer from armageddon fatigue. i have to tell you that made my day. that was fantastic. so they schumpeter in lieu of getting to -- before i do that, it is basically about digitizing human beings and how that resets the hallway medicine can move ahead. but i want to just get a sense of the crew. and i want to find out how many of you are active on twitter? okay, we've

look at spain nec it was a monstrous private sector. the spanish government was running as budget surplus with low debt. guess they have a large debt which is an inheritance of irresponsible policies but quite a while ago. they were steadily reducing the debt-to-gdp until the crisis had so greece is a parable. unfortunately because of this underlying weakness in the european situation if greece blows up which is extremely likely it will probably hit -- but does do not think of greece is being a role model. >> well i still think, i know that -- i think there is still a search of specific kinds of intervention because -- >> can i say one thing? jeff talks about cutbacks but you want to look at something right now, over the past four years we had a roughly 3% decline in government employment which is mostly -- and of course given population growth we should have had something like a 4% increase instead. provide money to the local government so they can rehire all those people that they laid off. [applause] >> i'm not sure that is what he h

one of the men with a beaded tinted glasses says don't give these pigs nec's to get you down. i doubled overheating, trying to get my breath. i didn't know this man, but his voice sounded like confidence in a sea of chaos. moments later to cops run around the corner. they stopped in their tracks with a sell the notes that men. the man closed ranks around me. what are you doing here, one of the cops demanded to move aside. the black men put into glasses did not flinch. we're exercising our constitutional right to free assembly. making sure no menace to five innocent people get killed here we are chasing looters >> no loose here. as you can see we are a disciplined community patrol. you have guns? that is what you said. i said we were exercising our constitutional rights. the cubs took him aside and the discipline of the courtroom moment, he walked away. by the time i caught my breath i was speechless. by that time i caught my breath. i was speechless from what i had just seen. black men standing down the cops. go straight home, young brother, the man with the tinted glasses sai

little bit, but nonec ef the others has a crisis for h governments to responsibility.oe look at spain nec was a monstrous private spec there il the government was runningai surpluses on the either the crisis. came in with low data. italy for everything we say about has lurched at which was irresponsible policies. it was quite a while ago, butwh, they are reducing the deficit t gdp until the crisis. so this is not -- greece is a parable. it is unfortunate because of thm underlying the essays, greeceose was up, which seems extremely l likely, then we'll probably have fect. contagion effects.but do but do not think of as a role model for whatrole his crime run elsewhere.where. >> well, i know that not once will try and make inc. we are still in search for specific kinds ofin s intervention. inent >> can i say one thing?? tust talked about cutbacks, but if you want to look at something right now, over the past four years, we have had a roughly 3% decline in state and local government deployments, which is mostly school districts.and of and given population growth which have had io a 4% in gro

host: monte writes on twitter about the supreme court judges ought -- nec is a phone call. this is oklahoma. it is jim, republican. caller: i have a few comments. ron paul is the only one with the true answer to solve every problem we have now. the obama administration is horrible for our country. we do not want socialism. the whole law will be out ruled because it is not constitutional. the government cannot mandate that we by one single thing. to do so would cut change this country forever. i am pretty sure it will be overturned. host: next up is from chicago. this is kathleen, a democrat. caller: good morning. the caller before you step the government cannot mandate that you buy one thing. we pay into medicare, but i do not want to get off of my subject. host: we are listening, kathleen. caller: i was under the pressure that these government officials make lost and passed them. what is the purpose of us electing senators, congressmen, and eighth president and when they do their job, if one party does not like what the but the sign into law, they take it to the supreme co

look at spain nec up was a monstrous private tour, monstrous housing bubble.the government also my main surplus saving came in with low debt. italy for everything we say about it has a large debt which is the inheritance of irresponsible policies quite a while ago, but they were steadily reducing that relative to gdp. so this is not -- greece is a parable motivating example. unfortunate because of the underlying situation presuppose that which is extremely likely, it will probably have the effect. but do not think of greece as a role model for what is going on elsewhere. >> well, i note that negligence apply and i think we are still in search of quite specific kinds of invention. >> can i say one thing? if you want to look at something right now, over the past four years, we have had a roughly 3% decline in state and local government deployment. and of course given population growth we should have had a 4% increase instead. so if you want something we should reverse it is provide money should the local government for the school districts that they can rehire o

. >>> (♪) muy buenos dÍas, cÓmo estÁn, como nec gracias por estar con nosotros un dÍa mÁs jueves 22 dequirÁ tiene el dÍa libre y estÁ con nosotros nuestra ximena. >>> bienvenida. >>> (aplausos). >>> gracias estoy feliz, feliz de estar con ustedes. >>> los latinos somos asÍ. >>> quÉ te parece nuestra casa, no habÍas venido?. >>> estoy feliz de poder estar aquÍ, esta semana que estÁn estrenando casa, estÁ muy lindo, todo se ve hermoso y colorido y lleno de calor. >>> quÉ bonito. >>> y oye ese calor que sientes con tu gorda, cÓmo estÁ?. >>> divina. >>> tiene dos meses y estoy feliz, estoy disfrutando muchÍsimo. >>> cÓmo se llama?. >>> siecien. >>> con c. >>> lo hemos peleado tanto mi marido y yo, como diciendo me gusta este hombre, es con s., pero le pusimos con c. >>> hoy vamos a hablar de los nombres de los bebÉs, cuales son los hombres raro es que hayed escuchado, y uno que dice pobre niÑo porque le pusieron asÍ, escrÍbanos a la red social, somos bien cibernÉticos, allÍ estÁ, vamos a comentar los nombre. >>> me ha tocado escuchar algunos nombres. >>> y nacionalidades tambiÉn. >>> en pu

. >> senator i was at a conference yesterday and nec head larry summers asked the audience before 700ody's hand went up. he said who thinks kennedy's airport is a nice place? nobody's hand went up. his point was with interest rates as low as they are, 2 million unemployed construction workers, now is the time for the government to borrow and to build, rebuild the infrastructure of this country. do you disagree with that? >> yes, i do. >> why. >> this idea of borrowing and spending and that's going to build our economy is literally nuts right now. it creates so much uncertainty long-term for real investors, private sector investors, construction companies to actually add people. this idea that our government and our government spending is what creates our economy is what's bringing down our economy, and what's creating the uncertainty. we don't need more government spending right now, because the debt that's associated with it is what's bringing our economy down. >> but airports and infrastructure and roads and schools, that can't be good for business. >> no, it's not but we can get mo

out how they are going to deal with the visually impaired, the disabled in their state to reduce the nec didn't take the time to figure this out but maybe you did. is there any chance of the 26 states opposing it have republican governors and all of the state's supporting get, is that possible? >> is a correlation. [laughter] stomach let me ask you another thing. most colleges and universities are heavily dependent on the government to fund research programs and other things. that's been going on for a long time. then title ix passes and the government official says if you want money and all the other things you get it for, then you have to create an athletic program and the recipient says i am being forced there is no way to run all these labs that we have, so i am being coerced to accept this program that i don't want. what is your theory, why doesn't it work in someone something receive something to do to give up? but there's two reasons it might be different. the line of coercion applies as on the relevant when congress tries to do something to the spending cuts or it couldn't do dir

that's what's going on around the country, here's what's going on in your nec fog, especially in loudoununder a quarter of a mile. up around 70 and 270, the visibility at half a mile. i haven't seen this improve over the last one to two hours at all. so i do think, though, by the time we get to 8:00 and 9:00, the fog willing lifting, from 59 to a high today of 74 to 79 to our south and west. 80 at the end of the week, a >> and that's your latest weather. ann? >> all right, al, thank you so much. coming up next, the serious health concerns being raised by -- about popular health -- high energy drinks in the wake of a tragic death of a 14-year-old girl. all right, let's decide what to do about medicare and social security... security. that's what matters to me... me? i've been paying in all these years... years washington's been talking at us, but they never really listen... listen...it's not just some line item on a budget; it's what i'll have to live on... i live on branson street, and i have something to say... [ male announcer ] aarp is bringing the conversation on medicare and social

to add -- just remind people in case they didn't know who you were that you're a former head of the nec, former treasury secretary, former president of harvard and future -- we don't know what. unless you want to comment on that i'll stop the introductions from here. so we spent not much time today talking about anything happening between now and election but we've been reminded by a number of speakers that the stakes get pretty high pretty fast for the next president once he's elected. you got the end of the bush tax cuts, you've got the end of the payroll tax cut, you've got the sequestering kicking in and the debt ceiling sitting out there. your former colleague bob ruben has described it as an important moment for our country. ed rendell more colorfully said something if we don't do something in those five months we're cooked. how do you see it and what would you put it as your big priority? >> i'm not sure there's one priority and if i've learned anything over the years, it's that nine months is a long time and the world may look very different in mid-november than it does right no