osborn's projections. if you're going to pay the existing rent of two percent, that does not sound like a good deal for us. i understand he is investing. we want to picture we understand the economics of the deal, and he is asking for further extension over time, so police is very valuable. -- so the lease is very valuable. we want to make sure we understand the return on the investment and what the poor is. i am not clear yet on what the balance is. >> we will bring that back to you. if that enat the end we had to t out, we would lose close to a billion dollars in revenue because we would have to go through the new process of bidding a new owner. since he is already there, there is of value to have a tenant on site paying rent. >> you lose a million dollars though. i would disagree with that. >> if he vacated the property and we have to go through the process we are going through now without somebody in the building, then we would lose that. >> we have to remember 10 years from now what the neighborhood w

officials are saying very little about osborn or, indeed, about the incident. the transportation security administration simply issuing a statement which reads in part the co-pilot became concerned that the captain exhibited erratic behavior during the flight. the captain had exited the cockpit during the flight. after which the co-pilot locked the door. when the captain attempted to enter the locked cockpit, he was subdued bypass jerusalem. and we have just heard in the last few minutes from the fbi that they are now coordinating this investigation and as we understand it, clayton osborn is now in fbi custody, shep. in diversion is simply what they called a medical situation with the captain. since then they have said very little. they said they were working to get the passengers from that plane on to vegas ande understand that the plane is due to land in vegas very soon. any minute now, in fact, we also understand that some of the passengers who were headed there originally were going to, ironically, a security conference in las vegas. >> shepard: jonathan, a

osborne needs to travel a very careful path.ne way to do that, which he has spoken about in the past, have a tiered fuel tax system. when the oil price rises, the tax goes down slightly. >> this is the so-called fuel price stabilizer. >> absolutely. >> let me talk about the ratings agencies. they have said there's a 50% chance they could cut within the next two years or so. what would it mean if britain was to lose its coveted aaa rating? >> it could come sooner than two years, absolutely. what would it mean/from a market perspective, we've seen france lose its and we've seen the u.s. lose its rating. it could have an impact. it suggests going forward our borrowing costs will be higher than they are now. at the moment they're incredibly low. we wouldn't expect that to change in the median turn if we're cut over the next two years. >> kathleen brooks. many thanks. great to get your views. >>> coming up next on "world business today," as mitt romney scores a convincing win in the illinois primary, we'll examine his strategy of foc

well car owners and the elderly took a battering from the british chancellor george osborne today as you know it's the country's budget plans critics say the measures pushed the interests of corporations while making lives of ordinary people even tougher for more on this i'm now joined live by a lot of correspondence course with laura bobbly new measures mean then for the british economy. well i suppose the top line really of this budget is the cutting of the top rate of tax or the amount of tax that the country's top earners pay from fifty percent to forty five percent now this is something that the chancellor george osborne just twelve months ago said it wasn't the right economic climate to do this in and many people agreed with him and still agree with him today but the government now insists that this tax made the country less competitive and also it wasn't raising any money so they decided to scrap it of course his critics say that this is a tax cut for the richest people in our society which seems extraordinary in an economic climate where there are fifty businesses going bust

the british chancellor george osborne has outlined the government's spending and tax plans in the budget. from next april mr. osborne said the top rate of income tax is to be cut from the current 50 pence rate to 45% and will raise the threshold at which people start paying tax to more than 9,000 pounds. mr. osborne said he wanted to increase tax revenue from the wealthiest and lift millions of low-paid workers out of tax. >> this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business. and it is on the side of aspiration. those who want to do better for themselves and for their families. >> but labeled a millionary's budget. >> all he's -- a millionaire's budget. >> all he's doing is giving with one hand and taking away with the other. it's wrong priorities, wrong values, out of touch, same old torries. >> one of the most eagerly awaited films of the year will open and thousands of cinemas around the world on friday with the release of "th

joan osborn performs live in our studio.e gallons- at a price that's now even lower. 'cause when we mix behr ultra paint and primer in one... ...with a few hours... ...we get more than just color... ...we get top-rated coverage. the kind wakes up walls, and reinvents rooms. more saving. more doing. that's the power of the home depot. behr ultra paint and primer in one now starts at just $29.38, it's lowest price ever. i want healthy skin for life. [ female announcer ] improve the health of your skin with aveeno daily moisturizing lotion. the natural oatmeal formula improves skin's health in one day with significant improvement in 2 weeks. i found a moisturizer for life. [ female announcer ] only from aveeno. [clucking]. everyone wants to be the cadbury bunny. cause only he brings delicious cadbury crÈme eggs, while others may keep trying. nobunny knows easter better than cadbury! ♪ >>> this morning in our "second cup cafe," singer/songwriter joan osborne. way back in 1995 when joan osborne hit the top ten on the charts with

we'll ask britain's finance minister, george osborn. we'll ask him if his austerity experiment is working. >>> then, is this the most powerful man in america? some people think so. i think down with grover norquist, the man behind the no new taxes pledge. >>> also, actor turned activist george clooney on evidence he says he has of war crimes. and a look at what we can learn from health care around the world. a preview of a new "gps" special that premieres tonight at 8:00 p.m. >>> first here's my take. when he was in college in the early '80s as part of a student organization, i invited ronald reagan's defense secretary, casper weinberger, to give a speech on campus. at the time american colleges were hotbeds to the reagan administration especially to its defense policies. sure enough, as he began to speak, a series of students stood up and began to heckle. one after another, they rose and chanted a single line, "deterrence is a lie." i was reminded of that turbulent meeting because i have been listening to these debates over iran's nucl

osborn. if you went to law school, the one book you would have read before going to law school was "the paper chase," and this is a book that john j. osborn wrote. has really become a classic. and it, of course, spawned an oscar-award winning film, same name, and also a television series. he's also written an incredible article about "to kill a mockingbird," so we're going to ask him about that. next we have paulette frankl. and paulette is a courtroom sketch artist. now, how cool is that? that's a pretty cool job, and she spends a lot of time in the courtroom and that's how she came across tony serra. and she spent 17 years, 17 years compiling the incredible book that she's put together that just came out and is called "lush for justice," and it's a book of incredible illustrations, artwork as well as a narrative. and right next to her we have tony serra, and tony serra is

the threshold at which people start paying tax and cut the rate for the highest earners. >> george osborne has spent most of his time at the treasury talking about spending cuts, but this budget will be remembered for what he says about tax. most controversial of all is the 50% or 50-p tax from the nation's highest earners. it was first introduced by gordon brown's labor movement. but there's debate about whether it races anywhere near the kind of money you might think. >> it looks like a good way of getting the very richest to pay more in tax, but the problem is that it's not obvious that they will end up paying a great deal more, because as the tax rate gets that high they'll probably find legal ways of avoiding the tax. >> many conservatives have been arguing for queeks that it could boost the u.k. economy but some in the congress are squeamish about the idea, fearing that the government's critics could argue this budget is just a budget for the rich. even david cameron is thought to have his own reservations about this political gamble. >> the first is that it underlines the torry part

tonight, george osborne, cynthia nixon, lynne meadow, when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: george osborne is here. he is president's chancellor of the exchequer, accompanying david cameron on his visit to the united states. president obama and david cameron devoted the press conference to iran and the economy was the focus. >> the united states and great britain with two ditch economies in two different positions. their banking sector was much larger than ourselves. their capacity to sustain debt was different than ours. and so as a consequence, each of us are going to be taking different strategies. >> it would be wrong to think britain is just taking measures to reduce its deficit. we're also taking a series of measures to help promote growth. just before coming here we took a series of steps to unblock and get moving our housing market. we cut corporation tax in our country to show it's a great destination for investment. we're investing in apprenticeships. a ser

osborne is arguing for a cut in the top tax rate in order to try to promote enterprise. brody clark, former head of the u.k. border force, reached an out-of-court settlement with the home office. mr. clark brought a case for destructive dismissal after he stepped down last november over claims he relaxed immigration checks beyond what had been authorized by ministers. eight men have been charged in connection with the death of a man stabbed in a nightclub in the early hours of christmas day. 31 jerald john lee barrett died from a stab wound in his back while he was at a party in the club. nateage foerster, 22 and from manchester, has been charged with murder. seven other men faced charges with violent disorder. they're due to appear before magistrates later today. the man accused of killing 16 civilian sbsing transferred to a military base in the united states. the international envoy to syria, kofi annan, warned the situation could have a serious impact on the whole region if it's not handled properly. and into that campaign in morocco called for protest against the cou

the party that once followed lloyd george now reduced to following george osborne. the party that delivered the people's budget of 1909 supporting the millionaires budget of 2012. they should be ashamed for all the talk, all the briefing, the deputy prime minister has done what he has done on every big issue. from tuition fees to the betrayal on the nhs. he has rolled over and said "yes, prime minister." the truth is that for ordinary families, it's hurting, but it's not working, and we know why. because this government has been cutting too far and too fast. what did the chancellor say? what did the chancellor say? last, last august about america's more balanced reduction plan. he said this. those who spend the whole of the last year telling us to follow the american example need to answer this simple question. why has the u.s. economy grown more slowly than the uk? mr. deputy speaker, the numbers are in. the chancellor is plain wrong. the u.s. economy grew at 1.7% last year, twice the rate of ours. this government has run out of excuses. it's their mistakes which a

from london, this is about an hour and 15 minutes. >> the honorable george osborne. >> mr. deputy speaker, this budget rewards work. britain is going to earn its way in the world. there is no other road to recovery. this budget supports working families and helps those looking for work. it unashamedly backs business and it is on the the sign of aspiration. those who want to do better for themselves and for their families. this budget reaffirms our unwavering commitment to deal with britain's record debt. but because we've already taken difficult decisions, this can also be a reforming budget that seeks to repair the disastrous model of economic growth that created those debts. a model that saw manufactures almost half the share of the national economy while the national debt doubled. mr. deputy speaker, this is how britain will earn its way in the world, with far-reaching tax reform. with a simpler tax system where ordinary taxpayers understand what they're being asked to pay. with a tax system that is more competitive for business than any other major economy in the world.

there are suffering financial repression they're suffering horrible economic calamity and george osborne in a moment thinks you're in king is ben bernanke is equivalent to the bank of england and he likes to sit back he doesn't have a flatulence problem he's got a gastrointestinal problem that's his contribution to monetary policy around the world and he blabs a few things or some so i can but he's basically in the financial repression game he's interest rates artificially low so that grannies you know the new george osborne budget it takes more money five billion pounds more from retirees and pensioners and puts it into the pockets of kleptocrats in the city that's on top of the forty five billion pounds that almost boring cameron engineer for theft from pensioners and grannies into the part of the speculators who if you're a park leader h.s.b.c. or the old lehman brothers over doing is going and shove it up their nose that's all they do a friday or saturday i go to the people in the see plenty of bankers all their back making snorting cocaine well let's look at these facts here because

also coming up in the program -- the british finance minister, george osborne, is expected to offer tax cuts for millions in his budget as he tries to boost the economy. and just keep taking the tablets as long as it's aspirin, new evidence that a daily dose cuts cancer death. >> hello. thanks for being with us. police in the southern french city of toulouse are trying to negotiate with a 24-year-old man wanted in connection with a spate of shootings which have left seven people dead. two officers were themselves shot and wounded as they launched a raid on the house he's staying in. the frenchman of algerian origin has reportedly admitted killing three children and a rabbi outside a jewish school in the city, and the previous killings of three soldiers. he was previously known to the police and was under surveillance for links to islamic extremists. this is the scene for you now live just a few hundred meters from the house itself. the man's brother has also been arrested. france's enter minister said that the man had previously been arrested on a trip to kandahar in afghanistan as well

borrowing will not be repaid until the next century under a radical plan to be unveiled by george osborne in next week's budget similar guilt have only previously been used to fund the first world war and the fallout from the south sea bubble when speculators almost bankrupted the global economy the exchequer in the u.k. is still paying interest on those loans underlining the scale of the economic crisis now facing the country this is a remarkable story they are offering one hundred year gilts and as i was born and others point out they haven't done the says the collapse of the south sea bubble they have the collapse and then they offered these one under your guilts to try to refinance the british economy using the quantitative easing of the day to reliquefy banks to you know offer that up to the insiders notice that it can't. after the south sea bubble crash here they're doing it before before the mega craft that's cooked into the cake at this point and what this tells us is that the global economy particularly in the u.k. where the jet the debts the g.d.p. in the u.k. couldn't bank that

he graduated from osborne park high school in 2001. neighbors say he had dreams of becoming a police officer. they had even written a letter of recommendation to zimmerman to attend the police academy in northern virginia. they were stunned to learn the the boy they watched grow up is the man who confronted and killed trayvon martin. >> perfect gentleman. he was very smart, very intelligent, very polite, healthy. he would be your ideal child. >> i don't understand how it came to that kind of tussle that somebody would have to shoot somebody. i don't know the boy he shot and i don't know what could have gone on there. >> reporter: a florida grand jury will take up the case on april 10th. here in d.c., there will two trayvon martin rallies. back to you. >> our coverage continues. thank you. sanford police are standing behind their decision not on arrest zimmerman. meantime, people upset over how the case has proceeded joinnated so-called million hoodie march walking with their hoods up as a show of solidarity with martin. his father was