there's also the rhetorical requirement for putting china at a higher place because, after all, in -- if china ever collapsed and america would have a major problem dealing with that. so u.s. policy has always been during world war ii to keep china as one of the big four. so elevated the place. in reality because of logistical problems, because of strategic priority, as i say europe first, china second, it was pretty low. one very good indicator was our -- [inaudible] you. over 60% is commonwealth countries. somewhere among 25 went to soviet union. during the entire war, less than 2% went to china. so you see, china was very important, but in terms of material support was very small. that was very ironic. has lot to do with rivalry, policy, priorities, logistical difficulties. but overall it's national policy, very important. the time he of course doesn't work the chinese way because americans don't decide to go back to asia. >> how many chinese died during world war ii? >> the numbers vary. the most accepted number during the seven years, eight years of war, remember world war ii las

>> well, as compared to most of the rest of the world, i'd put china at about a six or seven because the reality is is the rate of growth of china, if you look at the long-term prospects for china, they're extraordinary. you realize that china is just in the first phases of a long-term domestic development. they're building an infrastructure of transportation, building an infrastructure of consumption in so many different parts of the world. it's such -- so many different parts of the country. it's not just what shanghai, beijing does. it's what so many other parts of the world are doing. and i think the long term over the next 20 to 40 cleyears of development for china. >> thanks for coming on. william lauder, talk to you again soon. i mean, china, their overall story, steph, sounds pretty good. >> it does. >> whether it's chip that or here in the united states. do you run with that? >> it's trading at 23 times forward estimate. it's expensive. certainly great double-digit growth. they're doing a great job on margins. based on his comments, look at coach, 12 times forward estimates a

brookings institution and for the leadership of john thornton and cheng li and colleagues in putting china's legal system on the political map in washington. when i started long ago to study about china's legal system, most people who would charitable felt sorry for me. they felt i must be having a nervous breakdown -- [laughter] to throw away a career in the law on a country we could not visit and seven years after the korean war's ended, we had bad relations. american views about "red china" were very negative. i wanted to have the help of the scientific you see in analyzing the rule of law in china. i remember 1964 or 1965 in lake tahoe and comparing the soviet and chinese legal systems. i was asked to talk about law. i talked about law, courts, judges. the political scientists could not have been less interested. i was disappointed. the next day talking with the conference organizers, i made another attempt. i never mentioned law. i talked about institutions and sanctions and use all the jargon of political science. they all said, that is really fundamental. [laughter] i discovered a lit

china has already put out twice as many gasses as the u.s. in 2012. e our emissions are going down, china is growing at 10% of the year. if all of this was to cease to exist, china would make up for that in three and a half years. >> it doesn't matter what we do here. if we set an example by spending money and china can't afford to follow that example and we can't afford to subsidize that example, then that example is not much good. we need something that can be done in china. then we would both believe any solution has to be focused on the developing world because that is where--i'm not putting blame on anybody. they have every right in my mind to develop. i would love to see them develop. i would like to see them become wealthy, but we must recognize that along the track they're going in which they're burning primarily coal for their energy, this is going to be the source of the carbon dioxide that will lead to what i consider to be excessive global warming in the next few years. >> so coal is the core of the problem from your perspective. we're goin

. >> we have two ways -- putting pressure on russia, china and iran to stop supporting this regime, and then this would be useful, or supporting militarily the opposition or the interfering by the nato to make free zone and no-fly zone. >> reporter: russia and china have repeatedly vetoed u.n. security council resolutions on imposing sanctions against syria. without their support, the international efforts can only put limited pressure on president assad. diplomats here are still hoping their efforts will help in some part to end the conflict in syria. however, after 20 months of violence, they've learned getting peace will take time. akira saheki, nhk world, tokyo. >>> satellite images show north korea could be preparing to launch another rocket. researchers at johns hopkins university in the united states say they have observed the first two stages of what appears to be a long-range missile. these images of the launch site in tongchang-ri on the west coast of north korea were captured on monday. researchers say they show trailers carrying the first two stages of a three-stage rocket.

china. snow sculptures put in hundreds of hours to carve masterpieces as part of a festival in the northeast in super cold conditions. >> it is -30 degrees celsius in this part of china and the sculptors are continuing to carve their masterpiece despite the plighting cold. >> i need to protect my face as much as possible. the cold weather and the uv light to make my face hurt. it will take about two weeks to return to normal after a go home. >> one of the works is a herd of stemmed -- of stallions. the kind this particular piece will be the largest in the world. this is another example of their icy art, a life-size to church, incredible detail by the incredibly dedicated. >> make sense of international news at bbc.com/news. >> funding for this presentation is 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 work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored

right -- >> that's wrong, and the reason is, if we put a price on carbon, the world trade organization rules, preferably we and europe or we and china-- you'd rather not have the united states alone, but we're so -- still so powerful economically that we could even go alone and say we're going to put a border duty on products from countries that do not have a carbon fee that's equivalent. so it's fair, and it would be an enormous incentive for that other country, china or other country, to put their own carbon price on, because then they could collect the money, rather than us collecting it at our border. that's the only way that you can get an international agreement. -- can't do it by begging the kyoto protocol approach was to beg. beg all the other countries to pick some target and then reach that target without any -- and, of course, even though many countries agreed like canada, they soon abandon it -- when it's not convenient, they abandon it -- you have to -- the only way you can enforce it is with the price, and that -- so that could be done. and, you know, i was in china and the china -- chinese leaders understand this. the

people are concerned about the inventory building in china putting a lid on the stock. now, i am looking for a lid to be blown off by a turn in china eventually. maybe not this quarter. while the u.s., i think, is strong because of foot locker, but some analyst came out today and said u.s. is even weak. remember, nike trades on futures orders, not on earnings. so if you're dumb enough to want to trade in after hours, be aware, you might be trading on the wrong number. friday. these are big brand names. what a big week next week. friday we get results from walgreen's. i feel badly for wag. we just heard from cvs yesterday which boosted its numbers. that's a tough comparison to go against. i don't know how walgreen's can keep up. i will say this, though, the drug stores have been in secular share take mode from other stores, which is one reason why cvs was able to deliver such a strong number p. and i think walgreen's will show better numbers now that it's put its express scripts tiff behind it. moving over to cvs. that was really he helpful for cvs. there is only one issu

in his first major speech china's new leader xi jinping publicly acknowledged that the communist party leadership must put an end to this problem. recent protests across china say that the party leaders are the problem. and one blogger has found an effective way to expose corruption online. >> this collection of unspectacular pictures of government functionaries at official events seems hardly worth a glance. but a second look reveals details that have shocked people across china -- luxury wrist watches that sell for as much 60,000 euros. the upmarket timepieces are hardly affordable on a modest official's salary. everyone knows that -- which is why watches have become symbols of corruption and bribery. this activist has placed hundreds of similar photographs on the internet -- along with the price of the watches. he doesn't want to be recognized because he regularly receives threats from state security. >> i wanted to show these pictures to make people aware of the phenomenon so that public pressure would force the cases to be investigated. but the opposite has happened. the authorities delete the photos

one speculates that china has put on pressure to stop the launch and north korea may have complied with's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan. iran claims it took control of the drone and brought it down, but it's still unclear whether iran's military actually captured it or if it simply crash landed somewhere in iranian territory. last week the iranians claims they captured another u.s. spy drone. the navy reports it's not currently missing any drones, so that would not stand to reason. >>> crowds of people saw somebody commit a murder in manhattan today, midday, on a busy sidewalk about a block from the famous carnegie hall and right outside a school

focusing on economic growth of china really overlooking how differently the chinese view the world altogether. put aside the economy some even say that china doesn't have an ideology and you are a person who has lived there most of his life have spent several years consulting chinese decision makers to use realize that this is a kind of i have an ideology today the ideology is money that is the sole ideology i'd say from top to bottom that's what people are thinking that's what's on people's minds you have a system of hyper growth and the growth mentality has been also connected to the success mentality people in china judge their success they judge somebody by what brands they wear how many cars they have what the brand of the car is and and so you know you have a situation where i talk about you know it's the growth conundrum describe it is the beijing traffic i mean you once upon a time had people riding bicycles to get around town really easily but now you have so many ferraris and lamborghinis in gridlock traffic is what caught interactive parking lots nobody is moving and this is kind of rea

prepared to use force to secure its economic interests in the south china sea it's after allegations that beijing had deliberately put its rivals all in gas exploration efforts as are going to sort of reports if they can't settle their dispute amicably there are others who are ready to take full advantage. as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the two asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power would make the government popular up over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich nations have all hidden under the south china sea china claims most of the territory for itself but india has also managed to get access by buying a stake in a vietnamese gas field shortly after one away accused chinese boat of sabotage an exploration india warned it's ready to use force to defend its interests h

so, what you are asking is to be pushed off and if you do you push it puts a to china who doesn't care. yeah it's much worse. at the bottom line is america is actually good about mining in terms of world standards we have the highest standards really of safety the you are talking about huge amounts of toxic metals that they admittedly don't know how to control. it is in the they don't want to be and i do not think they are evil by nature they just don't know how to do at. in arizona may be one person dies a year. that's ridiculous. that's nothing. more people die at barnes and noble or something. so, i'm not worried about like to see factor. in other countries it is much higher. they don't have the standards and basic the mining companies are like any corporation. whatever the rules are in that country they are going to go to the lowest common denominator if they can get away with it the well. the company that owns the mine in my town is a huge offender around the world. they play nice here they are not very nice around the world. which is what i think that you were asking. i talked to

china. watch what she's doing. put something on top of the manhole and then starts to mess with it. watch what happens? >> what just happened? >> it exploded. >> what exploded? the thing she was or the manhole cover? >> the manhole cover. >> holy -- >> you can see, she was injured in this incident. >> of course. that thing was like a mine. >> why -- why -- why mess with a manhole cover? >> i don't know. what's interesting to me, when i think of a manhole cover i think of like methane gas and gases coming out of there, but i wouldn't put a flame or whatever she put on top of it, because it looked like before it exploded, it looked like it seared up and then, boom, and she is tossed over there by that car. you could see her laying on the ground. >> did this kill her? >> it did not kill her. she was hospitalized. she survived. >> don't mess with manhole covers. >> never mind don't meps with manhole covers. somebody ought to figure out why there's so much explosive material underground. sewers aren't supposed to be a bomb under our feet. i like to think our waste is being removed from w

if you want to put the rise of china, india and others in context, pick up "most american world" whichout in a new version. buy the books, please, and make my publishers happy. >>> now, for the last look. americans are perhaps the most avid ufo offic notoes. it seems reports of alien sightings somewhere in this country almost every week. we're not alone in thinking we're not alone. thousands of miles away indians have started to spot the same, strange bright lights. hundreds of reports on luminous objects in the night sky, some reported as tennis ball size and others looking like chinese lanterns have been spotted along the india/china border. of course, there are many who believe that lights don't represent aliens at all, they represent chinese. chinese satellites or drones or some apparatus to spy on india. it remains hotly disputed and the two countries went to war over it in 1962. india's defense minister has had to make a statement in recent weeks that read in part, "there is no conclusive proof of unidentified flying objects flying over the india/china border." does that mean tho

china that is killing us. we are going to go bankrupt because of that. we need to put tariffs on china and bring jobs back to the country. host: are these things you think congress can tackle until the next couple of weeks before we hit the deadline? i think we lost brian and there. a comment from this but talking about the fiscal cliff issue. -- a comment from facebook talking about the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentiall

china, a trip that until now took 20 hours. the new train traveling at 186 miles per hour cuts the time to just eight hours. hundreds of the new trains will be putrvice on this line alone, as china moves toward its goal of building a nationwide high-speed rail network. >>> and back in this country, a lost and found story involving a best friend. it all began christmas eve outside a grocery store here in new york where a security camera shows a man stealing a dog and then walking away. that dog's name is marlee. a woman who saw him trying to sell the dog thought something was up, so she bought marlee herself, took him to a vet and it turns out he had a microchip which was scanned. as a result, the king charles spaniel was reunited with his 7-year-old owner yesterday afternoon. perhaps the best christmas present she could have wished for. a suspect was taken into custody and charged with stealing marlee. >>> and up next, beware of the fashion police. those mannequins may be smarter than you think. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow

and that puts significant pressure on china in terms of its fuel supplies to north korea and other leveragehat they can act in a way they really need to and they can act responsibly. >> congressman adam shift, always great to have you on the program. >>> the states must decide if they can create their own insurance marketplaces as part of the federal health care reform law. at least 20 states have already said they have opting out. it is a way for consumers to put private health insurance plans online. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for

united states, japan, south korea, the other members of the six-party talks would like china to go, which is to put more pressure on the north, such that they stop these sorts of provocations and stop their missile and nuclear programs. who does have influence over pyongyang? even the chinese are quite frustrated but at the same time i would imagine that they are also not willing to completely abandon the north koreans because they don't want to see instability along their border. that is something they don't want to see. so china is really the country that has the most influence, and yet it's very difficult to move them to a place where the united states, japan, south korea, the other members of the six-party talks would like china to go, which is to put more pressure on the north, such that they stop these sorts of provocations and stop their missile and nuclear programs. >> all right, victor cha and spyder marks, thank you to you both for your perspective on this tonight. do appreciate it. >>> "outfront" next, with just 20 days until the fiscal cliff, both sides are saying very little about prog

if you want to put the rise of china and india and others in context, pick up "the post american worldd version. buy the books, please and make me publishers happy. now for the last look. americans are perhaps the most avid ufo fish in additioowe fis. we're not alone in thinking we're not alen. thousands of miles away, indians have started to spot the same strange bright lights. hundreds of reports on luminous objects in the night sky. some of them reported as tennis ball sized, others looking like chinese lanterns are been spotted along the india-china border. there are many who believe that lights don't represent aliens at all. they represent chinese, satellites or drones or some apparatus to spy on india. the border between china and india remains hotly disputed and the two countries went to war over it in 196. india's defense minister has had to make a statement in recent weeks, it read in part, there is no conclusive proof of unidentified flying objects flying over the india-china border. does that mean those lights do come from china? he doesn't say. the correct answer to our gps

and even china where there is undoubtedly been extraordinary economic growth since market principles were putnk most close observers of china think much their economic data is simply falsified so that projecting economic or military or political strength based on data that is substantially made up is a pretty treacherous business. megyn: they say asia will surpass north america and europe combined by 2030. you mentioned china, india and brazil. it also concludes collapse or sudden retreat of u.s. power would extend in period of global anarchy. we have that going for us, ambassador. thanks for weighing in. >> anytime. megyn: see you soon. it was national attention when cameras caught chrysler workers drinking and getting stoned on their lunch break and went back to make cars. this is not just any workers. this was the chrysler plant president obama picked up on the auto industry multibillion-dollar bailout. so it was especially controversial. in minutes the eye-opening update with what is happening with these now-fired workers today. >> you know, the government spent a lot of money bailing you

as ben tracey reports, investors from china are putting billions of dollars into american business tohinese demand for u.s. products. >> reporter: scott meadows runs silenus vineyards in california. there's a reason he put the bald eagle on the bottle. >> that was a specific request from the owners in china. >> reporter: chinese investors bought it and now 90% of the wine from here, that's 9,000 cases, is shipped to china. what does the chinese want with a vineyard in nappa valley. >> there's a big demand for goods that are scarce. they're buying american-made products and sending their money back over here. >> reporter: and the jobs stay here. >> and the jobs stay here. >> reporter: they have invested $16.4 billion in the u.s. in the past decade. $1.3 billion in california companies, a record $560 million in just the past year. the chinese are also boosting the golden state's housing recovery. they've bought one out of every ten homes sold in the past year. >> compared to the high end housing like in beijing, this is not that expensive. >> reporter: di mi nebras meng student here. hi

are they worried about china trying to put together a leader democracy in the region including india because that was his strategy that if you put together things, much more like your when you think, i know you can't in your position talk one way or another about prime minister but this notion about a strategic -- is japan really need to invest in structures that balance -- are you worried that given your experience you have to balance china much more vigorously than you did in the past? >> yes. most frequently you ask question for japanese people is whether we regard china as a threat or a chance for an hour and should is would like to see china development as a chance rather than threat. >> what you think will really happen? >> there is a assumption that china continues to be kind of international stakeholder, stakeholder, international community. international order and they respect the communication with the other countries. on the assumption i think we can welcome the china advancement, the development. and in order to maintain the prosperity of east asia, east asia as a whole,

and it just kills me that there's like a thirty five percent tariff on imported tires from china you know who put that they're trying to push regardless of how it is it's there and i hate it and and it basically is just a sop to the tires because you're i mean there could be sacrifices here i mean if you're going to pay a little bit more for tires but that's also going to mean that there's a community of american workers who still have jobs there are still contributing to the economy i mean isn't that a fair tradeoff to look there if they're hardworking innovative people they don't need they don't need to be on might matter how hard you're sitting in the you know innovative they are they can't compete with someone in bangladesh or wherever there was a time when americans could be and when americans wanted to stand on their own database we had a thirty five percent average tariff in the united states and seventeen ninety three until one thousand nine hundred five ok. if that's the time you were talking about the time that we built the great industrial empire we were doing what adam smith said and

is really for domestic consumption more than anything else at this point. >> should we put a lot of pressure on chinawe have a new chinese leader. that relationship is so important to us, but is this more important, should we really be pressing the chinese to take a tough line? >> this is an opportunity to engage the new leadership in china to be a responsible stake holder, to be a partner in the u.n., in the international community, to do their part where they have leverage to try to ensure north korea doesn't go down the road of instability. >> you spoke to the atlantic council about your concerns about defense cuts, the sequester is very much top of mind to the defense secretary leon panetta traveling, he was in kuwait before going on to kabul, this is what he had to say about the sequester. >> in that mindless approach called sequester, the defense department, on top of $500 billion in cuts that we've already put in place for the future, would add another $500 billion on top of that. and that would do significant harm to our ability to provide a strong defense for the country. >> he called it rec

does this mean that china which has been showing signs of life is back sliding and all the big expansionist data we've been getting is a false tale? i'm putting the line for you tonight. absolutely not. too many good things happening in china. bank reserve injections have really stimulated industrial growth. i think china is going like this. as far as american companies linked with china, it's been a real mixed picture lately. nike has had a very nice run in the united states. but china's been a big disappointment, including concerns over too much inventory. coach is expanding rather rapidly in china. the latest weakness came from the united states, not china. starbucks. i think china is a growth story there frankly. the high quality problem of lines that are too long. i think we'll hear amazing things about china when howard schultz has his analyst conference in new york on december 5th. it will be a great con fab. in fact, i would use any weakness in starbucks to buy the stock ahead of that meeting. with china expanding and india blooming, not to mention the splendid addition to t barn to the family starbucks has a terrific story to tell an

china. because if we don't put a creditable plan on this, on the discussion, ultimately, we all lose. >> you got your colleague debbie stabenow, on the your screen as well, can you say quickly what it is going to take? >> well, we got to quit playing the game, george, you can't continue to lie to the american people, there is no way to fix medicare under the guidelines of aarp that our tax dollars are now advertising to say not fix it. the way we can fix it is to control the cost. the way to control the cost is to have more individual participation. there's a lot of ways to do that. you can't play the game and hide. medicare and social security and medicaid if those aren't fixed if we're not honest about how to fix them and the fact, that, yes, everybody in this country will have to participate in some discomfort if we're going to get out of this hole. as long as we continue to lie to the american people that you can solve this problem without adjusting and working on those programs it is dishonest and beneath anybody in washington. >> senator, stabenow, you heard it right there, medicarmedi

the credit rating agency in china put them on the u.s. debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of course, greatly in question. guys, back to you. >> bob, get a lozenge, will you? >> sorry about that. >> let's head to the pits. good morning, rick. >> good morning, melissa lee. well, no surprise we're still hovering in the 170s in the ten-year. but maybe something interesting. you know, on the floor we call it the growth dividend. if you look at a chart for our ten-year starting on july 26th, and i pick july 26th because that was mario draghi's big day. he said anything it takes. as you look at our rates over that period, then look at the boon rates over that period. you can see that the growth/disparity, our yields are higher in that formation than boon yields, because even though funding issues have been largely contained since that july 26th

puts that on the bottle. they are looking to bring parts of north america to china. they bought it and now 90% of the wine from here is up in 9,000 cases, shipped to china. >> reporter: what do they want with the vineyard? >> there is a big demand for china with the luxury goods and goods that are scarce and well made. and so you know rather than buying the chinese made products, sending our money over there, they are buying the american made products, sending them back over here. >> and the jobs stay here? >> yes. >> reporter: they flush with cash and invested about $16.4 billion in the u.s. in the past decade. $1.3 billion in california. and all in the past year. but the chinese, they are boosting the golden states housing recovery as they bought one out of every ten homes sold in the past year. >> compared to the high-end housing like in beijing, this is not that expensive though. and they thought that renting a door room was a waste of money. >> yeah, my parents decided to buy me a house as an investment outside china. >> reporter: he has sold 22% of the residenc

put that american bald eagle on the bottle. >> kind of nationalistic. that was a specific request from our owners in china. to bring parts of america to china. >> reporter: chinese investors bought this vineyard and now 90% of the wine is shipped to china. what do they want with a vineyard in napa valley? >> there's a big demand for luxury goods. rather than buying chinese-made products and sending our money l they're buying american made products and sending their money back over here. >> reporter: and the jobs stay here. >> yes. >> reporter: chinese firms flush with cash have invested $16.4 billion in the u.s. in the past decade. $1.3billion in california companies. $560million in just the past year. the chinese are boosting the golden states housing recovery. they bought one out it have every ten homes sold in the past year. >> compare to high end housing like in beijing, this is not that expensive. >> reporter: a student at the university of southern california. his parents bought him this yearly $1 million condo. they thought renting a dorm room was a waste of money. >> my parents decide to buy me a h

china. we asked instead of putting gold bars in the floor, china said use the bars to do what?uld work with apple to manufacture and sell solid gold iphones to the rich. maybe that'll fix the company. bret writes buy more treasuries as a belated birthday gift to bernanke. jeremy writes china should use the bars to build a bridge for the fiscal cliff. now that would be nice. >> that would be nice. >> we had the bridge to nowhere. we should have the bridge of solid gold. anyway. see you tonight. >> yes. >> see you in half an hour. we'll talk some -- draghi the first of the year. pretty interesting. >> and the summit. 27 heads of state represented. >> thanks for all the good work today. >> see you next week. have a great weekend. >> here's what you missed earlier this morning if you're just joining us. >> welcome to hour three of "squawk on the street." here's what's happening so far. >> i'm begging members of congress and the executive to please get something done here that reassures consumers, reassures business operators, most important of all to create the jobs in america. >>

i assume it has occurred to some degree because china has put down the wages of american factory workers and why ceos make what they make is an issue of governance. those three questions if you could shed some light on your opinions. >> 1% cause the 99%? >> what i tried to explain before is the difficulties of the 99% are a result of a whole host of different things that we talked about. right now the major problem is unemployment but education, a whole host of financial sector deregulation allowing predatory lending, predatory practices and things like that. you can say a lot of these are the result of the way our political process has passed rules and regulations and supported education are not supportive education and that is affected not by the 1% but by the way money, the influence money has had in the political process so lot of the reply is as a result of that. i won't sale of that. on the issue of ceo pay relative to the share order -- ordinary workers, a lot of that has to do with corporate governance. if we had stronger laws about pay, that would be curved to some extent. >> di

china. then the ceo put out a statement. i feel obliged to state our position.oduction will not be used tofrom the united states to children. it is inaccurate to suggest anything different. they knew it wasn't true, and even after this statement mitt romney kept saying over and over again, they're going to move all the jeep jobs to china. can you believe it? so that wound up being lie of the year for political fact. they asked readers to pick out the top lies of the year. the top five. here's the first one. >> what we now have is the biggest tax increase in the history of the world. obama-care is just a massive tax increase. that's all it is. >> cenk: that's awesome. the biggest tax increase in the history of the world. now the reeders picked that number one biggest lie now number two was this one. >> if you got a business, you didn't build that, somebody else made that happen. >> my father's hands didn't build this company? my hands didn't build this company? >> through hard work and a little bit of luck we built this business. where are you demonizing us for i

china reporting positive news about its manufacturing sector. that puts the market up.ing day for the month. gm sales of 3% compared to last year. board of 6% compared to last year. chrysler was up 14%. back in 90 seconds with more from the judge. gun control. you are fired up about it. we can tell from the facebook pages. so is the judges. ♪ ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedesenz winter event is back, with the perfect vehicle that's just right for you, no matter which lisyou're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $3 a month at your local mercedes-benz dealer. stuart: gun control is once again in the headlines. kansas city chiefs linebacker belcher kills his girlfriend and then himself. now, the liberal media going after guns. >> handguns do not enhance our safety, they exacerbate our flaws, tempt us to escalate arguments and embrace us to have confrontations other than go away from it. if belcher did not pose us of god, he and his girlfriend would still be alive today. stuart: no gun, no crime, no death. >> if you lo