my next guest is chairman and ceo of nucor, a major steel company.dimicco is with me right now. great to have ow the program. >> great to be here. >> you really are on the frontlines of business. >> always. >> always. yeah. where do you see the economy right now? is it a soft patch or something worse? >> best way i can sum up the economy today, severe draw the last 18 months. basically it's never happened. just look at the economic fundamental that is are out there today in our economy. we're in the worst recession since the great depression. >> wow. >> how else do you look at it when you have 26 million people that can't find work, they've given up looking for work or working part-time making 60%, 70% of what they were making three years ago. the economy is not good. >> it's a very tough story. i mean, when you say we're still in the greatest recession since, you know, the great depression, i mean, i thought things had improved a bit. you still feel that this is a very tough spot that we're in. >> extremely tough spot. we have a runaway budget defic

did was to divide us to move us if we are really angry at it and united as a partners in the lobby nucor i know in his way a lot more cuban or bolivia were acquired or the partner will be latin america and the caribbean countries such a partner will be more authoritative and have the opportunity to look for ways to reach an agreement where respecting each other and feeling equal whether. what can different latin american countries do to continue fighting for the implementation of that policy what can they do to reach an alliance while there are fundamental points of dispute like between venezuela and colombia. are the best look at you know i think that there is a principle which we all share taking into consideration the processes in different countries and their own peculiarities which we all have to respect to always be issues which we viewed differently but there will be issues which we view in a similar way especially in relations between the people of latin america governments and the international community all of us condemn any kind of military aggression on the part of the united

economic data spurred concern the global economic recovery will slow gasp probably nucor among the losers with the gas mostly sliding one point four percent on the my stocks. the i.p.o. if the russian facebook shareholder digital sky technologies is worth six billion dollars according to dave it comes from goldman sachs morgan stanley and j.p. morgan the banks organizing the upcoming offer in london taste last year paid two hundred million dollars for a three and a half percent stake in social networking site facebook. poland says it will pull out of long term gas supplies with russia has offered to deliver some two billion cubic meters a year off until the year two thousand and thirty seven with the deal remains unsigned by warsaw premier task says the country's only other sources citing concerns about energy dependence on russia. and that's your update for now but you can always find more stories on our website r.t. dot com business. culture is that so much a moment taxpayers money mentoring is a show me a lot of people at area reality t.v. want to be popular in commercially lucrative b