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Mar 4, 2012
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beginning of the cultural revolution -- and this is the irony -- a growing american support for a new china policy. that's why we had the national committee on u.s./china relations formed at that time. that's why nixon just had a brief mention in his '67 foreign affairs article. in '68, our harvard m.i.t. group gave nixon and kissinger the idea for the secret trip. this was coming. the democrats were trying very hard to be the first in china. the democrats were split. the administration was saying, we're in vietnam because china is behind it. on the other hand, mcgovern and kennedy said, we need a new china policy. and jim thompson and others who saw the need for this were pushing it. so you had a gradual evolution in the late '60s and henry and company were trying gingerly to take this issue away from the democrats. teddy kennedy went up to ottawa in may '71 to see the new ambassador in the hope of being the first to go to china before nixon and kissinger. but the chinese weren't having any, especially because ted kennedy refused to say that taiwan was part of china and under beijing's jur
beginning of the cultural revolution -- and this is the irony -- a growing american support for a new china policy. that's why we had the national committee on u.s./china relations formed at that time. that's why nixon just had a brief mention in his '67 foreign affairs article. in '68, our harvard m.i.t. group gave nixon and kissinger the idea for the secret trip. this was coming. the democrats were trying very hard to be the first in china. the democrats were split. the administration was...
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week's other news china calls for an immediate cease fire in syria and warns against using humanitarian aid as a pretext for interference in the country's internal affairs this as fears of outside involvement rise was around one hundred suspected mercenaries including french fighters pot fleeing the war torn city of homes. eased stateside up to tough budget rules to stop overspending but britain and the czech republic tiny idea too much to take. happened in cities across european countries against harsh cuts imposed to save the single currency up next our special report exploring how culture can become ammunition in the battle for peace and justice across the world stay with us. occupant in the cannot is even if one. has seen nor done as a syrian citizen it's my responsibility to work hard on the music of this country when you identify. lennon i want to present it to people who are convinced that syria is some terrorist country. but we can help politicians through music i mean when you develop culture in your country you are working through issues in the world of politics to. them and n
week's other news china calls for an immediate cease fire in syria and warns against using humanitarian aid as a pretext for interference in the country's internal affairs this as fears of outside involvement rise was around one hundred suspected mercenaries including french fighters pot fleeing the war torn city of homes. eased stateside up to tough budget rules to stop overspending but britain and the czech republic tiny idea too much to take. happened in cities across european countries...
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Mar 5, 2012
03/12
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so that's where you see the reaction to the china -- the china news coming out today, down 21,265. shanghai down two-thirds of 1%. australia, only 0.25% lower today. that's a fairly muted response to that headline, that gdp number from china down there in australia today. now, we also had concerns about greek ability, charles was talking about, to sign off from the private investors with the debt restructuring. that's not helping sentiment either. oil is also the focus. president obama is scheduled to rate the israeli prime minister, ben min netanyahu to talk about the iranian nuclear program. a lot of eyes on the oil market. quickly, charles, traders in hong kong, poor babies, they had half an hour shaved off their lunch break today, the index extending its trading day to 5.5 hours over two sessions on monday. they have to make due with an hour to get their sandwiches done, charles. very, very sad day for the hong kong stock market. >> i think it's all important to get you away from the knee-jerk reactions. this is a very bad move, indeed. civilization is surely coming to an end. t
so that's where you see the reaction to the china -- the china news coming out today, down 21,265. shanghai down two-thirds of 1%. australia, only 0.25% lower today. that's a fairly muted response to that headline, that gdp number from china down there in australia today. now, we also had concerns about greek ability, charles was talking about, to sign off from the private investors with the debt restructuring. that's not helping sentiment either. oil is also the focus. president obama is...
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Mar 5, 2012
03/12
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she bought new china in the china section with the purple china with the arms of the united states. in wartime, this didn't go over as well. it was extravagant. instead of having large parties, she had hand shake days from the public so they could come and see the president. then some people criticized that because it was too egalitarian. she couldn't seem to win. she always had been an adviser to her husband, but this was a new arena and a bigger issue. she was facing charger problems and she didn't have the contact with her husband and the influence she wanted to have. that was a disappointment to her. although she did play a in his reelection. she wrote letters to state leaders to try to have them support her husband. she tried to have influence, but it wasn't the right environment for the first lady. >> let's talk about the dress. who made her gown? >> elizabeth techly, an afghan american slave who performed her own freedom through the money she made as a seem stress. she moved to washington, d.c. and set up a very successful business and she was the dress maker for maria davis
she bought new china in the china section with the purple china with the arms of the united states. in wartime, this didn't go over as well. it was extravagant. instead of having large parties, she had hand shake days from the public so they could come and see the president. then some people criticized that because it was too egalitarian. she couldn't seem to win. she always had been an adviser to her husband, but this was a new arena and a bigger issue. she was facing charger problems and she...
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Mar 6, 2012
03/12
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. >>> stocks started the week down on news china is cutting its growth targets. the dow is down 15 points to 12,963. the nasdaq is down 26 to 2,950. >>> identity threat and fraud are up 11% over the last 5 years in the bay area and short phone owners most at risk. 7% of smartphone users will be victims of identity theft, compared to nonsmartphone users. they lose more money than other identity theft victims and 25% will never know how their information was stolen. >>> a woman who had something so valuable stolen from her. >>> a report says cal state and uc schools would be more expensive than ivy league schools. >>> it was another warm day today but the fog is returning. we will see wind out there and much cooler day time highs through tuesday. ' >>> we want to update you. protesters are inside the state capital despite being told they have to leave. ktvu's ken wayne is also inside and he told us at this point everything is calm, we are continuing to follow the story. we will bring you new developments and have full coverage on bay area news at 7:00 on tv 36 and
. >>> stocks started the week down on news china is cutting its growth targets. the dow is down 15 points to 12,963. the nasdaq is down 26 to 2,950. >>> identity threat and fraud are up 11% over the last 5 years in the bay area and short phone owners most at risk. 7% of smartphone users will be victims of identity theft, compared to nonsmartphone users. they lose more money than other identity theft victims and 25% will never know how their information was stolen. >>>...
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and looking back at the week's other news china calls for an immediate cease fire in syria and warns against the use of humanitarian aid as a pretext to interfere in the country's internal affairs. of any use state sign up to tough budget rules to stop overspending while europeans rally against harsh cuts imposed to say the single currency. two pm in moscow i mattress or bring you today's top stories and a look back at the week's news here on r t the biggest story of the day russians heading to the polls to choose their next president hundreds of thousands of observers monitoring the vote thousands of newly installed web cameras trained on the ballot boxes across the country. we've got our own argues alexei or she was keeping his eye on the ballot for us how alexei. so how has the know there how's the turnout and so far. the turnout has been higher than during the previous presidential election four years back in two thousand and eight right now understand according to the central election commission in russia that the voter turnout is closing in on twenty percent some regions especi
and looking back at the week's other news china calls for an immediate cease fire in syria and warns against the use of humanitarian aid as a pretext to interfere in the country's internal affairs. of any use state sign up to tough budget rules to stop overspending while europeans rally against harsh cuts imposed to say the single currency. two pm in moscow i mattress or bring you today's top stories and a look back at the week's news here on r t the biggest story of the day russians heading to...
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Mar 5, 2012
03/12
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she bought beautiful new china. you see it in the china section with the silk forino purple china with the arms of the united states, seal of the united states. but in wartime, this didn't go over quite as well. it was seen as being extravag t extravagant. so she retooled. instead of having larng parties she has what they called handshake days. these receptions that the public could come and see the president. but then some people criticized that because it was a little too agaltarian. poor mary couldn't win. she wanted to be and has always been an adviser to her husband. but this was a new arena and a bigger issue. he was facing larger problems. so she didn't have the contact with her husband and the influence that she wanted to have so that was a disappointment to her. although she did play a role in his re-election. she wrote letters to state leaders to try and have them support her husband. she tried to have influence. it just wasn't the right environment for the first lady that she was desperately trying to be.
she bought beautiful new china. you see it in the china section with the silk forino purple china with the arms of the united states, seal of the united states. but in wartime, this didn't go over quite as well. it was seen as being extravag t extravagant. so she retooled. instead of having larng parties she has what they called handshake days. these receptions that the public could come and see the president. but then some people criticized that because it was a little too agaltarian. poor...
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Mar 5, 2012
03/12
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gold slid slid a third day in a row, china scaled back the forecast for economic growth for this year, the new forecast, 7.5%, down from 8% in terms of gdp growth in china. gold settling down almost half a percent tonight to just under 1,704. it posted the worst weekly drop since mid-december last week, seeing a real allocation change with gold. a tug-of-war in light sweet crude oil today. concerns over iran's nuclear program pushing prices higher while the possible economic slow down in china and weaker u.s. factory orders lower. when all done, light swede crude up two cents a barrel, 106.72, a braet tlefrmt gasoline up for a 27th consecutive a. aaa reporting the average price at the pump edged up to $3.77 overnight. gasoline prices have shot up 32 cents a gallop, that's 9.3%, just since february 1st. markets, of course, ending the day weaker after china cult that growth expectation for the economy. what does it mean for the market he is going forward and how do you want to be invested, particularly with the news out of europe this week? list top what market expert laz la ber reinny said on c
gold slid slid a third day in a row, china scaled back the forecast for economic growth for this year, the new forecast, 7.5%, down from 8% in terms of gdp growth in china. gold settling down almost half a percent tonight to just under 1,704. it posted the worst weekly drop since mid-december last week, seeing a real allocation change with gold. a tug-of-war in light sweet crude oil today. concerns over iran's nuclear program pushing prices higher while the possible economic slow down in china...
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Mar 6, 2012
03/12
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KRCB
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discouraging economic news from china and europe led to a down day on wall street investors got jittery about the outlook for the world economy. china said it expects its economy to grow at 7.5%. to thas thslowest raten several years. >> tom: susie, since 2005, china has targeted 8% growth, but no longer. on top of that europe reported a drop in business activity in february. the dow lost more than 14 points. the nasdaq fell almost 26 and the s&p was off by five points. >> susie: meanwhile, investors ignored positive news about the u.s. economy: the services sector grew better than expected in february. today's data is one of a recent batch of improving signals about the u.s. economy. suzanne att report >> reporter: what's up or down with the economy? a few months ago, it was widely believed the u.s. would hit a speed bump in the first half of this year. but, lately there are fresh signs of life. we learned just today the service sector expanded in february at its fastest pace in years. on top of that, stocks are on firmer footing with the s&p 500 up nearly 9% this year. most importantl
discouraging economic news from china and europe led to a down day on wall street investors got jittery about the outlook for the world economy. china said it expects its economy to grow at 7.5%. to thas thslowest raten several years. >> tom: susie, since 2005, china has targeted 8% growth, but no longer. on top of that europe reported a drop in business activity in february. the dow lost more than 14 points. the nasdaq fell almost 26 and the s&p was off by five points. >>...
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Mar 6, 2012
03/12
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one industry feeling the china news, steel stocks. about half of the world's steel appetite comes from china, so a slower chinese economy fueled worries about slower steel demand. a.k. steel dropped more than 5.5%. u.s. steel fell almost 5% and nucor was down about 2.5%. while gasoline prices continue to be in focus, natural gas has cooled to new decade lows. prices are below their late january lows as the warm winter is forecast to continue. new sources of natural gas have been filling up storage sites while demand has been weak thanks to the mild winter. the warm winter also has meant less electricity demand, hurting coal demand by utility companies. alpha natural resources was down 6%. arch coal fell more than 5%. and peabody energy shed more than 4%. the relative calm winter has been good news for travelers: fewer delays for some airlines. u.s. airways credits the mild winter with a record low flight cancellation rate in february. still, shares fell more than 8% to a six week low. revenue per available seat mile, which is a key mea
one industry feeling the china news, steel stocks. about half of the world's steel appetite comes from china, so a slower chinese economy fueled worries about slower steel demand. a.k. steel dropped more than 5.5%. u.s. steel fell almost 5% and nucor was down about 2.5%. while gasoline prices continue to be in focus, natural gas has cooled to new decade lows. prices are below their late january lows as the warm winter is forecast to continue. new sources of natural gas have been filling up...
WHUT (Howard University Television)
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Mar 5, 2012
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. >> you are watching bbc world news america. china's leaders meet in beijing to counter corruption but many do not believe them. thousands of people in south korea have been forced out of their homes. the state of new south wales has been the most affected. in victoria, this has reached levels not usually accorded until later this month. we have more on how they're trying to cope with this wild weather. >> one of the communities caught up in the flooding, they have engorged rivers, creeks and streams, with no options but to get out. they are all the rising investigations. 4005 of the people had to leave their homes, and rivers are at capacity. >> the water is moving faster than the 2010 flood. the main peak will be here tonight or tomorrow. we expect more flooding. >> two men were swept away in the vehicles they hoped would take them to safety. 212 inches of rain fell in a single 24-hour period. in victoria, the same situation. homes, offices, and camp sites cannot keep back the water. >> southeast australia has one of its wettest sesas
. >> you are watching bbc world news america. china's leaders meet in beijing to counter corruption but many do not believe them. thousands of people in south korea have been forced out of their homes. the state of new south wales has been the most affected. in victoria, this has reached levels not usually accorded until later this month. we have more on how they're trying to cope with this wild weather. >> one of the communities caught up in the flooding, they have engorged rivers,...
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Mar 15, 2012
03/12
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later this year, a new generation of leaders will start assuming power in china. bo xilai was expected to be among them. but with his career now over, he's become a casualty in a struggle at the very top of chinese politics. martin patience, bbc news, beijing. >> let's go over to beijing now. the bbc's michael bristow is there, the beginning of a right royal fight to get the places on the top table. >> indeed, it does look like that. with chinese politics, it's often very difficult to tell what's going on, because most of what happens happens behind closed doors. chinese politicians don't come out and give press conferences and tell us exactly what they said in private meetings and tell us exactly how they're going to be sized, who the next leaders of the chinese communist party will be. that's supposed to be decided at the end of this year when the communist party holds a congress to decide on this reshuffling of top leaders. but it certainly looks as though the demotion or the replacing of bo xilai from chongqing, that a senior contender in this race to get to th
later this year, a new generation of leaders will start assuming power in china. bo xilai was expected to be among them. but with his career now over, he's become a casualty in a struggle at the very top of chinese politics. martin patience, bbc news, beijing. >> let's go over to beijing now. the bbc's michael bristow is there, the beginning of a right royal fight to get the places on the top table. >> indeed, it does look like that. with chinese politics, it's often very difficult...
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Mar 6, 2012
03/12
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the dow-jones industrial average fell for a second day in a row on that news about china. it is a brand new day. let's see how stocks are reacting to that in tokyo. for that, we go to ramin mellegard at the tokyo stock exchange. ramin, how is the nikkei looking this tuesday morning? >> good morning, ai. a lot of focus on china as you mentioned, lowering its growth estimate and a lot of focus on growth prospects for the world's second biggest economy, and also exposure for a lot of sectors for japan's economy as well. heavy industry and export sectors. let's look at how the nikkei and topix are kicking off this morning. both indexes are trading higher. we are back above 9700 level. we closed below that yesterday first time in a week. markets just taken a little step back after substantial gains we have seen so far this year. china's lowering of growth estimate sent some indexes low. we saw a slip in stocks with heavy exposure to china's growth in japan, such as construction machinery and also the steel companies as well. we keep track of those sectors as well. on a positive
the dow-jones industrial average fell for a second day in a row on that news about china. it is a brand new day. let's see how stocks are reacting to that in tokyo. for that, we go to ramin mellegard at the tokyo stock exchange. ramin, how is the nikkei looking this tuesday morning? >> good morning, ai. a lot of focus on china as you mentioned, lowering its growth estimate and a lot of focus on growth prospects for the world's second biggest economy, and also exposure for a lot of sectors...
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factory orders down and news china cut its economic growth forecast.nd advanced micro device s down 5%, mark zuckerberg may be worth less than $21 billion. and this is slower than what some had thought. he and in bloomberg's brand new billionaire index a daily ranking of the world's richest people, zuckerberg doesn't even break the top 20. other names do crack into the circle, though. microsoft bill gates taking the number spot z oracle's larry ellison at number seven. >> and zuckerberg really hurting, only $21 bill yin weather was spectacular over the weekend. >> and there are allergies acting up. stuff starts blooming. and there is is a live view in emeryville. taking a look at clouds at the coast. there is a clear, blue sky but low clouds on the coast. there is weather conditions about to take a sharp change. there is a wide range of temperatures from 51 here in san francisco to 7234 antioch. not the wide spread warmth of yesterday. we can expect showers turning cold after that with warmer day as haerkd again. wednesday through friday. there is an a
factory orders down and news china cut its economic growth forecast.nd advanced micro device s down 5%, mark zuckerberg may be worth less than $21 billion. and this is slower than what some had thought. he and in bloomberg's brand new billionaire index a daily ranking of the world's richest people, zuckerberg doesn't even break the top 20. other names do crack into the circle, though. microsoft bill gates taking the number spot z oracle's larry ellison at number seven. >> and zuckerberg...
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Mar 12, 2012
03/12
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oil is lower on the china news and below 107 a barrel. we have nat gas getting hit yet again, warm weather is the key. we've traveled the vix before bouncing back a bit, still down 4%. midday movers, let's talk about deals. medical equipment maker zole is up big up 23.5%. tudo holdings are up 145%. merrill lynch is upgrading the stock and doubling the price target of 14%. both cabot and murphy oil are lower today. energy is one of the worst performing sectors on the day. oracle is down 2% after a downgrade at jeffries. let's get inside the market more with mr. pasani at the fyc. everybody is talking about the tight range, bob. >> the important thing is china, brian. we're up on the markets, but look carefully. you see the more defensive consumer oriented names and the pharmaceutical stocks on the onside, the risk on trade is not so much up. financials down, energy down, consumer discretionary. all of these are affected by the china news. i'll show you what's going on in the a and p sectors. all the big oil names are trade dou ing down 2 t
oil is lower on the china news and below 107 a barrel. we have nat gas getting hit yet again, warm weather is the key. we've traveled the vix before bouncing back a bit, still down 4%. midday movers, let's talk about deals. medical equipment maker zole is up big up 23.5%. tudo holdings are up 145%. merrill lynch is upgrading the stock and doubling the price target of 14%. both cabot and murphy oil are lower today. energy is one of the worst performing sectors on the day. oracle is down 2% after...
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Mar 13, 2012
03/12
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do you think that should be part and parcel of a new china trade strategy?teven, i hate the intellectual property rights they steal. i hate the counterfeiting. all that should go to the world trade organization. in your direct operations with chooirn, do you need a more expensive china yuan to make sense for your business? >> no. they've allowed it to appreciate over the last year, i guess. i lived out in asia before. they've let that happen. it's going to continue to happen, i guess, naturally. no, we don't need that. what we need is clear decision on trade, and really go to the w.t.o. let's not get into this political toing and froing that causes more damage to people as we go through it. jobs, manufacturing in the u.s. is starting so grow, and we're drawing out of the states quicker faster than we've taking out of china, which is not uncommon, admittedly, but that's what's happening. >> generally -- >> i just want to ask you, john. do you think president obama, serious question, because i'm with obama on this rare earth mineral thing. do you think it has
do you think that should be part and parcel of a new china trade strategy?teven, i hate the intellectual property rights they steal. i hate the counterfeiting. all that should go to the world trade organization. in your direct operations with chooirn, do you need a more expensive china yuan to make sense for your business? >> no. they've allowed it to appreciate over the last year, i guess. i lived out in asia before. they've let that happen. it's going to continue to happen, i guess,...
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Mar 20, 2012
03/12
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>> well, if the china news is worse than i read it to be, if china is actually having a hard landing, that would -- >> what's a hard landing? >> to me, when you go from 12% growth to 7.5% growth, that's a soft landing. they're trying to curtail the growth there. hard landing would be that u.s. housing market in 2008-2009 when it just falls off the face of the earth. >> steve cortes, is that a soft landing? if you go from 12% to 7%, i mean, you still have 7%, but boy, that's a big percentage decline when it comes to growth. >> yeah, and listen, i think this is one of the biggest misconceptions on the street. people love to say, well, 7% growth is great. the u.s. would love that kind of growth. well, it's not remotely comparable. china is still a country with 1 billion people living in abject poverty. they cannot have 7% growth and maintain social stability. they need higher growth than that. so, it's not enough. and i would argue that they're not going to be able to maintain it anyway. this idea that the communist party of china can set growth like a thermometer on the wall just defies
>> well, if the china news is worse than i read it to be, if china is actually having a hard landing, that would -- >> what's a hard landing? >> to me, when you go from 12% growth to 7.5% growth, that's a soft landing. they're trying to curtail the growth there. hard landing would be that u.s. housing market in 2008-2009 when it just falls off the face of the earth. >> steve cortes, is that a soft landing? if you go from 12% to 7%, i mean, you still have 7%, but boy,...
SFGTV2: San Francisco Government Television
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Mar 6, 2012
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china. we saw a new record of our bilateral trade. experted $167.70 billion to china, up by 19%. that makes china and america each other's second-largest trading partner. the state of california placed a large role in this relationship with china. the state of california experted $10.50 million to china, an increase of 19%, making california the largest exporter to china among all 50 states in this country. last year, california and kelly -- china and california established an official sister relationship. since then, the contacts and exchanges between the state of california and the province of xuangzhou has been intensified. in particular, i would like to mention that san francisco made new contributions to the overall development of china-u.s. relations. last year, the state councilor and the chinese foreign minister, as well as dozens of chinese provincial players, visited this city. san francisco maintains frequent and many exchanges and full cooperation with your 30 year- old sister city, shanghai. and the newly established city
china. we saw a new record of our bilateral trade. experted $167.70 billion to china, up by 19%. that makes china and america each other's second-largest trading partner. the state of california placed a large role in this relationship with china. the state of california experted $10.50 million to china, an increase of 19%, making california the largest exporter to china among all 50 states in this country. last year, california and kelly -- china and california established an official sister...
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Mar 15, 2012
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china. this one-hour portion from yesterday begins with a question on new u.s. trade measures. it's courtesy of china central television. >> -- on with reuters, i have two questions for the minister. the first one is recently the u.s. government announced that it's going to employ some new measures in case that the chinese government continues to provide subsidy for its exports and the specific measures will include the increase of import duty. i would like to consult the minister for your views as well as the view of the minister of commerce if that's going to be the case, will the minister employ any cuts to the measures and the second is, there are opinions to which the economic reform in china is not deep enough. i want to know your comments, minister over this opinion. do you agree with this kind of opinion and if you do agree, in which specific sectors or areas do you believe china should continue to deepen the reform? thank you. >> translator: we are not only good in chinese also you are very -- very smart at creating two questions into one and so i will just mention the
china. this one-hour portion from yesterday begins with a question on new u.s. trade measures. it's courtesy of china central television. >> -- on with reuters, i have two questions for the minister. the first one is recently the u.s. government announced that it's going to employ some new measures in case that the chinese government continues to provide subsidy for its exports and the specific measures will include the increase of import duty. i would like to consult the minister for...
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Mar 9, 2012
03/12
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they are encouraged by news china's inflation rate fell. checking in on our markets.ook like a higher opening. futures pointing to a pretty good opening. that follows pretty good day yesterday. dow jones up 70 points. by the way dow jones just about triples -- doubled in the last three years since the low part of the recession. >>> bank of america has made a separate deal with the federal government over the foreclosure practices. b of a is one of five banks involved in a multimillion dollar settlement. now they are agreeing to give 200,000 borrowers in a chance to reduce their mortgage balances. in exchange it will have its penalties reduced. >>> 5:20. amtrak accused of racial discrimination. >>> also air fare expected to remain sky high for the next ten years. the factors that are leading this is projected price hike. >>> good morning, northbound -- southbound 87 both directions here look pretty good. south of downtown san jose. we'll tell you more about the morning commute. >>> good morning. just a little bit of fog coming back to the coast. it will be a little coo
they are encouraged by news china's inflation rate fell. checking in on our markets.ook like a higher opening. futures pointing to a pretty good opening. that follows pretty good day yesterday. dow jones up 70 points. by the way dow jones just about triples -- doubled in the last three years since the low part of the recession. >>> bank of america has made a separate deal with the federal government over the foreclosure practices. b of a is one of five banks involved in a multimillion...
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Mar 15, 2012
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what is the one key, in your opinion, that could derail china, that new leadership need to be focusingn? >> first of all, i'm not in the derail camp, i haven't been. i don't think china will be derailed. but the one thing that does worry me is complacency on reform. and i think that the premier is correct in warning about that. the reform i'm looking for the most, andrew, is the urgent need to shift the growth model away from reliance on external demand toward internal demand. there's a number of major initiatives that need to take place in china to boost internal private consumption, like more job growth in services, more organization to raise per capita incomes, and perhaps most importantly, the need to expand the funding for the social safety net so chinese families don't save to excess out of fear but begin to deploy the new labor income to supporting discretionary consumption. that's china's agenda and it's got to be addressed now, not a year from now, not three years from now, but right now. >> so, they need to ramp up their efforts on that right now. >> they need to intensify th
what is the one key, in your opinion, that could derail china, that new leadership need to be focusingn? >> first of all, i'm not in the derail camp, i haven't been. i don't think china will be derailed. but the one thing that does worry me is complacency on reform. and i think that the premier is correct in warning about that. the reform i'm looking for the most, andrew, is the urgent need to shift the growth model away from reliance on external demand toward internal demand. there's a...
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Mar 6, 2012
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new. china's policy to keep a lid on growth while allowing -- >> zach, i apologize. got to cut in.re going to mary thompson. >> we have the verdicts coming in from the jury. first of all, they found allen stafford guilty of conspiracy to commit wire and mail fraud. not guilty of a charge to commit wire fraud and guilty of conspiracy to obstruct s.e.c. investigation. there are 14 counts the jury has been deliberating on for the past four days. once again, allen stanford, the form financier, accused of a $7 billion ponzi scheme, found guilty of the conspiracy to commit wire or mail fraud as well as being found guilty of conspiracy to obstruct an s.e.c. investigation. again, these continue to come in. we want to update you. there were five counts of -- in 13 of the 14 counts he was found guilty. so let me run through them again. he was found not guilty on one count of wire fraud. but he was found guilty on one count to commit wire or mail fraud, five counts of mail fraud, one count of conspiracy to obstruct an s.e.c. investigation, also guilty of obstruction of an s.e.c. investigation
new. china's policy to keep a lid on growth while allowing -- >> zach, i apologize. got to cut in.re going to mary thompson. >> we have the verdicts coming in from the jury. first of all, they found allen stafford guilty of conspiracy to commit wire and mail fraud. not guilty of a charge to commit wire fraud and guilty of conspiracy to obstruct s.e.c. investigation. there are 14 counts the jury has been deliberating on for the past four days. once again, allen stanford, the form...
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Mar 14, 2012
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china specialist based in hong kong. he joins me on the line. welcome to bbc news. thank you for joining us. within the last half an hour or so, the premier has openly apologized to the people of china for any mistakes that may have taken place under his leadership. extraordinary development. >> china is at a crossroads. china is -- 170 million people still lived under the poverty line. there is a huge inequality and a feeling of lack of equity and social justice. it is not just the question of economic reform. there is the process of political reform. there are increasing numbers of social unrest. society is not as harmonious as it wants to be. having said that, though, the premier has achieved a lot of progress. there remains to be a lot of things to be done. i think he points out that at the end of his term, the leader should adopt a humble stance and have a bit of reflection as to what have been the achievements. heat is prepared to face the people. and the judgment of history. >> he does talk about the political reforms and social justice reforms. he does remain a popular figure in china
china specialist based in hong kong. he joins me on the line. welcome to bbc news. thank you for joining us. within the last half an hour or so, the premier has openly apologized to the people of china for any mistakes that may have taken place under his leadership. extraordinary development. >> china is at a crossroads. china is -- 170 million people still lived under the poverty line. there is a huge inequality and a feeling of lack of equity and social justice. it is not just the...
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Mar 5, 2012
03/12
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china. according to her in cities like milan and paris, sales to chinese tourists account for up to 50% of all luxury purchases. and 2010 chinese visitors contributed $877 million to the newty economy. that's nearly $3,297 per person per visit. >> and courtney's with us now on more of china's super shopper. you mentioned 33% are women right now. but who else are the big spenders? >> there's this group of what we're calling newcomers. a group of people who never before spent a penny on any luxury items before the recession. afterwards they're finding this perception of value. they're not spending frivolously. they're seeing handbags and shoes as investment pieces. they may be making purchases less frequently, but there are more of them. it's a younger crowd than your previous more affluent luxury shopper. >> it's their version of durable goods. >> something like that. >> thanks, courtney. >> thank you. >> it's going to be a great piece tonight. reminder, you can see the whole story on china's super shoppers on the premier of our cnbc original documentary, luxury boom, the big -- the new big spenders tonight at 9:00 p.m. eastern time and pacific. >>> and up next, most inves
china. according to her in cities like milan and paris, sales to chinese tourists account for up to 50% of all luxury purchases. and 2010 chinese visitors contributed $877 million to the newty economy. that's nearly $3,297 per person per visit. >> and courtney's with us now on more of china's super shopper. you mentioned 33% are women right now. but who else are the big spenders? >> there's this group of what we're calling newcomers. a group of people who never before spent a penny...
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Mar 15, 2012
03/12
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and this is a new way china believes tpp will also involve very diversified discussions. the tpp will include transparency and openness and tpp sure respects the role of the wto in the multilateral trading system as well as supports the role of the wto in leading the global trade and investment. you ask me whether china will join the ttp some day or not. at this moment we're part of china and studying this tpp initiative. we are trying to figure out what are the benefits for china, what are the standards as well as the gap between the requirements, demands and china's national reality. so this moment we're still at the stage of evaluation and assessment. at this moment, my economies are already involved in tpp. but i think the decision of japan to participate in ttp will not and will not negatively afact the engagement in other region initiatives, thank you. >> the gentleman in the first row. next question. [ speaking foreign language ] >> translator: i'm with the business times. we've seen that the two-way investments across the taiwan straits have been progressing in a
and this is a new way china believes tpp will also involve very diversified discussions. the tpp will include transparency and openness and tpp sure respects the role of the wto in the multilateral trading system as well as supports the role of the wto in leading the global trade and investment. you ask me whether china will join the ttp some day or not. at this moment we're part of china and studying this tpp initiative. we are trying to figure out what are the benefits for china, what are the...
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Mar 23, 2012
03/12
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new markets which means china, india, russia, new products. they added the breakfast menu, coffee. i don't know what the next product will be but i think they're working on it right now. and then of course improving the stores themselves with huge renovations going on, double drivethrough, the i would phi and all the rest. i think the one place for growth that is more dangerous is when you start thinking about growing outside of your core business. and i don't have any evidence to suggest that mcdonald's will do that but that is the one form of growth that tends to lead to disaster. >> tom: it has done the opposite of that to spur on the growth we have seen for the latter part of this decade. you mentioned the stock price. just the past area you've seen continued increase. a little weaker today, just below an all-time high though. is that a tough time to take over a company when a stock trading close to an all-time high. >> it is very hard. you know, you can go back and look at ge under jack welch and jeff-- took over dimelt took over, incredibly talented ceo who is dance form-- tr
new markets which means china, india, russia, new products. they added the breakfast menu, coffee. i don't know what the next product will be but i think they're working on it right now. and then of course improving the stores themselves with huge renovations going on, double drivethrough, the i would phi and all the rest. i think the one place for growth that is more dangerous is when you start thinking about growing outside of your core business. and i don't have any evidence to suggest that...
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china now. we've got a stronger yen in japan and it's blank on exports. and also news from china as well with them manufacturing unexpectedly weighing on sentiment. for how to look at how they finished up. yesterday as i say that data from china was really filtering through. the u.s. markets well. they also had news from the eurozone as well with manufacturing and services unexpectedly in march as well and it was energy majors that were among the biggest losers. if you get out of it to boil we'll see that it's actually a brief pounding from the lovers close in a week that some concern supplies may tighten on system tensions in iran the international energy agency says it's not planning to release the emergency crews supplies despite the price that we can see just now on our screen meanwhile though it's not all doom and gloom because the number of americans pointed to economic improvement in the u.s. the world's largest crew consumer has climbed to the highest level in eight years that's according to a survey clyde. now this aren't expecting a significant rise in crude
china now. we've got a stronger yen in japan and it's blank on exports. and also news from china as well with them manufacturing unexpectedly weighing on sentiment. for how to look at how they finished up. yesterday as i say that data from china was really filtering through. the u.s. markets well. they also had news from the eurozone as well with manufacturing and services unexpectedly in march as well and it was energy majors that were among the biggest losers. if you get out of it to boil...
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really see that yesterday it was a domino effect leading from china will see the same will happen they did indeed and that was from the news from china that they reported a fall in manufacturing raising questions about the global economy and how the slowing of it so as well is that we also have news from europe as well manufacturing and services unexpectedly decline in march that was a way of energy majors one of the biggest losers. so we'll see how the prices are faring into this hour and oil is indeed rebounding from the low was close and we got some concern surprise may tighten insisting tensions in iran the international energy agency says it's not planning to release the emergency crews supply so despite that price i mean well though it's not all doom and gloom the number of americans going into the economic improvement in the u.s. so the world's biggest consumer of crude oil. the highest level in eight years that's according to a survey by. although i was don't expect a significant rise in crude prices unless the trade in consumption rises in the us so we're really watching today if we look at russia now we're just a
really see that yesterday it was a domino effect leading from china will see the same will happen they did indeed and that was from the news from china that they reported a fall in manufacturing raising questions about the global economy and how the slowing of it so as well is that we also have news from europe as well manufacturing and services unexpectedly decline in march that was a way of energy majors one of the biggest losers. so we'll see how the prices are faring into this hour and oil...
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new car. or crossing out to ask for the latest business so what's happening this morning that's. well with all the doom and gloom coming out of europe many investors really saw china as the last glimpse of hope but it brings some bad news as well over the weekend china posted trade deficit of more than thirty one billion dollars that's china's only largest in about a decade and definitely bigger than most analysts expected the good news in all this is we saw some growth in imports they jumped by almost forty percent which is the strongest growth in more than a year but the bears seem to outweigh the bulls on asian trading floors this monday let's see how the indices are performing this hour and as you can see now in hong kong the hang saying is given into the pressure it's actually losing about a quarter percent in tokyo the nikkei is doing a bit better the exploiters of pushing the index higher more than a quarter percent namely on a weaker yen against the dollar and it's less than one hour ahead of the opening bell here in moscow the indices actually traded on sunday due to apologies swapping as you can see both and i said seventy r.t.s. ended up. posting gains
new car. or crossing out to ask for the latest business so what's happening this morning that's. well with all the doom and gloom coming out of europe many investors really saw china as the last glimpse of hope but it brings some bad news as well over the weekend china posted trade deficit of more than thirty one billion dollars that's china's only largest in about a decade and definitely bigger than most analysts expected the good news in all this is we saw some growth in imports they jumped...
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Mar 4, 2012
03/12
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ande himself personified that resistance to a new diplomacy with china. so the fact that he turned made this an epic event, as much in american politics as it was in international diplomacy. so it was important in that sense. but we also were there because of the chinese were lusting for this relationship. the ping-pong was the overt first signal, the fact that my boss, james dresden, was in there even moments before kissinger was, much to nixon's annoyance, was proof that the chinese were reaching out to us because the triangular diplomacy that was occurring was as important to them as it was to us. therefore, i believe it would have happened sooner or later anyway. when i said flippantly, what would have happened if i said, d reagan would have gone. he would have enjoyed it immensely. he would not h said in berlin, "tear down that wall." [ laughter ] and by not tearing down that wall, i think history itself would have evolved in pretty much the same way as it has. >> so, mike, you've sat with all of this footage now for a long, long time. do you think t
ande himself personified that resistance to a new diplomacy with china. so the fact that he turned made this an epic event, as much in american politics as it was in international diplomacy. so it was important in that sense. but we also were there because of the chinese were lusting for this relationship. the ping-pong was the overt first signal, the fact that my boss, james dresden, was in there even moments before kissinger was, much to nixon's annoyance, was proof that the chinese were...
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Mar 1, 2012
03/12
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LINKTV
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in both cases, china's new industrial might will try to overcome those limitations.pstream, the controversial three gorges dam shouldmprove navigation starting in 2009. the lakes behind the dams will allow oceangoing ships much largethan captain gu'toe. the improved artery will just wstrengthen links with shanghai as it opens the west to greater economic development. ( ship's horn blows ) back in shanghai itself, the city's port has long been a hub of conventional shipping. such craft serviced the city and even interior china. but the river's mouth carries much silt from erosion upstream. the deposits make it too shallow for the world's largest container ships. so in 1999, they dredged the river and greatly expanded capacity. but shanghai wants to compete with the world's largest ports like hong kong, singapore and taiwan. these cities operate transshipment ports, where containers are routed to and from destinations around the world. so shanghai is extending their influence out to sea. they are building a huge causeway connwhere they are buildings, a new deepwar port
in both cases, china's new industrial might will try to overcome those limitations.pstream, the controversial three gorges dam shouldmprove navigation starting in 2009. the lakes behind the dams will allow oceangoing ships much largethan captain gu'toe. the improved artery will just wstrengthen links with shanghai as it opens the west to greater economic development. ( ship's horn blows ) back in shanghai itself, the city's port has long been a hub of conventional shipping. such craft serviced...