let's get an opposing view from howard rosen from the peterson institute of international economics. thanks for joining us. do you think these measures can succeed? >> i think he really needed to explain to the american people in very real terms about what's really going on right now. we are facing a very difficult time in the united states. as you know, the europeans are also facing a difficult time. we've got some serious problems that we have to address. and this isn't just a political discussion. this isn't about his re-election. this is about future of u.s. economy and the world economy. and i thought i would have liked a little bit more about that. >> you're feeling the details should have come together. >> well, i think that the president has three challenges tonight. he knows the corporations are sitting on two trillion dollars to three trillion dollars worth in profits. what we need to do is rebuild confidence in this economy so that people sitting on the profits start investing them again in the united states. why did he need to come and give the speech, tell them in a way

we'll ask carl cameron and james rosen what the word is in political circles.e goldberg on whether the moderators were baiting the republican candidates as newt gingrich charged. we'll be right back. [ whispering ] ok, here's your room key, the crib is already there. great. thank you so much. [ male announcer ] we provide great service, so you can stay you. holiday inn express. stay you. [ tv announcer ] today's trivia question -- what's the hardest play in baseball? the unassisted triple play. the unassisted triple play. [ male announcer ] stay smart and book smart. book early and save up to 20% at any holiday inn express. stay you. >> bill: who won the republican debate last night? we don't have any new polling available, so this is a subjective analysis. joining us from dc, james rosen, and from los angeles, chief political correspondent, carl cameron, who was at the debate. so cam ran, winners or losers, is there any consensus forming? >> probably consensus on some of the losers, or folks who didn't do what needed to be done. michelle bachman did not have a

thank you very much, james rosen in d.c. today. >> reporter: thank you. jon: for now, for more now on the president's jobs plan and the republican strategy in response, we're joined by joe trippi, the former howard dean presidential campaign manager, also a fox news contributor. so obviously you're coming at this from the democratic perspective, joe. the president takes this bill, three patriotic words, the american jobs act. how could any republican vote against something called the american jobs act? that seems to be what he is daring them to do? >> well i think what you're seeing with the republican response is sort of the difference between governing and campaigning. people campaigning for president will have much harsher comments and be against the president's plan but eric cantor, boehner, speaker boehner, they have got, they have got to do something here. the entire country, one thing everybody agrees on is washington is broken and it is not working and they want action. so i think you will see some of the components, i don't know if all of this bi

we'll ask carl cameron and james rosen what the word is in political circles.e goldberg on whether the moderators were baiting the republican candidates as newt gingrich charged. we'll be right back. any guff from his rivals and he stuck pretty much to every position that he's ever taken. the full spectrum conservative type stuff. even though he took a lot of heat. mitt romney had to do something to sort of try to stop rick perry's lead. he's trailing by big double digits in a number of places. and he took it to perry on jobs, on health care, on social security reform, on a host of issues. so romney was the pursuer. perry parried most of it. bachman and huntsman not so much. for people like herman cain and rick santorum and newt gingrich, newt gingrich had a great moment beating up on the media, but the truth is, beating up on the media isn't who he's really running against. he's running against fellow republicans. when he complains about the media setting up a fight, that's what the debate is about. >> bill: rosen, how do you see it? do you see anybody scoring

rosen is in aruba with more. >> reporter: hi, craig. this was pretty interesting to watch.ll-scale re-enactment. the actors were police officers playing the roles of robyn gardner and the prime suspect, gary giordano. they wore the same clothes they wore. they used the same rental car they used. even went down to the beach at the exact time robyn gardner went missing on august 2nd. trying something new to solve this mystery. >> reporter: gary giordano and robyn gardner, look-alikes, arriving for lunch in a rented rav4, all part of a complex re-enactment staged monday by aruban police. guided by this restaurant surveillance video, licensed exclusively by nbc news, investigators acted out their final moments, minute by minute. the real robyn and gary left the restaurant in the late afternoon and drove straight to the beach around back. so did the actors, driving the actual suv gary rented toward the water, all the while, a team of investigators documenting every move. >> if you lack witness statements of what has happened, you know, we have precious little witnesses, so we do

they want this to be the economic recovery year. >> hilary rosen and robert train, leave it there.light between these two positions that it makes people wonder what kind of progress we're going to get as we move forward with the super committee and all the important choices we have to make going forward. thanks, both of you. >> thank you. >>> 45 minutes after the hour. we'll be right back. >>> i'm elvis dur rand from the elvis duran morning show in new york. i'm on the road a lot. i think calling me a wacky morning deejay is an insult. there's your wacky. if we were 9 to 5ers i think we would be boring. having zero hours of sleep makes you say stupid things. >> you can be kate middleton. >> the cool thing about radio is we can do radio shows anywhere. when the show travels we have a big family. it's twice the size "the brady bunch." a lot of planning, begging for discounts at hotels. we're taking the show to london. >> i'm excited. >> i love taking the show on the road. making you rethink everything you're doing every day. >> i can't believe people take sometimes days to pack for a

dan rosen, william group. so the fundamental factors that are causing concerns about the united states and europe are very much our domestic political processes. i think everybody would agree with that. but there are some policy positions in china which are obligations for wealthier countries wouldn't have been expected of china when it was at a lower development level. and some of the concern about the ability of the united states and europe to sustain their growth has to do with whether china's ready to join that sort of higher income level of policy commitments. and i think currency policy is one of them. yesterday joe char tran made clear that china was planning to stay the course in terms of the moderate level of appreciation that's been taking place. there were great questions of whether china was going to stop even the 6% nominal presentation against dollar. do you agree that there is sort of in a new era some new expectations about what china contributes to the international economic scene in terms of

now i would be looking at specific sectors we have some we have like spare bank up there we have al rosen i mean what do you think during this time of volatility and considering the privatization program is it going to be sector driven. well i think you know i agree with what the fed analysts i mean clearly the market people are really looking at privatization program nobody actually expects anything material to happen in the near future certainly not so well and six thousand and twelve i mean the only name it could really come to the market in any in any meaningful size . and their futures that i believe in that's going to get pushed back and i think i do you know i will say for right. now there is a precipice like that moments and you know it's which which political cycle right or of us is that. this is a russia's political i mean i think there's a history of privatization and russia not going to be popular in most places i don't think given especially given the current market but it's ensuite prices depressed as they are and there's any need of saw any real willingness to push these pr

james rosen, who says nixon never requested nor saw his enemies list.ts together by overzealous aides without knicks on touching its. you guys tried to smear richard nixon and james rosen caught you on it. >> i have come around on richard nixon especially with this new batch of republicans. every campaign i have ever worked on has had something saying, let's watch out for what's going on. let's figure out who is saying what so we can respond to it and puts our troops out there. that's what this is. we are going to get emails. we are going to get emails that say all sort of nasty things weather presidents. the president wants to know -- this campaign wants to know what they are so they can respond to it. this is not spying on your neighbors. >> it's raising an army of citizens to spy on their neighbors and report it to the highest levels of government. this is not for a new generation. this is an old generation. this is nothing new. this is spying on your neighbors. and reporting it to the government. >> no one is asking you to spy on your neighbors. meg

fiscal path and then again when the bush era tax 2012.xpire again in late 2012 in washington, james rosenshannon: the interviews were taken live during thursday night's fox news debate with google. the polling results continued to update since then. 45% out this say someone is rich if they earn a million dollars or more a year. >> shannon: president obama heads west today to raise money for his 2012 reelection campaign. he section pecte expected to tw aggressive message on the notoriously liberal growth in an effort to energize voters. and on the gop side presidential contender herman cain scored big in florida. 37% of the straw poll yesterday, more than rick perry and mitt romney combined. i'm shannon bream. hour number two of america's news headquarters live from the nation's capital begins right now. >> after two years in an iranian prison, american hikers are back on u.s. soil today. jenna lee has been tracking the story from the beginning. she is also the anchor of "happening now" and joins us with the latest. hi. >> we are just a few hours away from hearing from josh and shane right

. >> mark rosen. >> brooke david rosenbaum. >> linda rosenbaum. >> sheryl lynn rosenbaum. >> lloyd daniel rosenberg. >> mark louis rosenberg. >> andrew ira rosenblum. >> joshua m. rosenblum. >> and my beloved mother. we miss you dearly. >> and my father. we love you very much and i want to say thank you for my sister and brother-in-law for serving in the u.s. military. [applause] >> joshua alan rosenthal. >> richard david rosenthal. >> daniel rosetti. >> norman s. rossinow. >> nicholas p. rossomando. >> michael craig rothberg. >> donna marie rothenberg. >> nicholas rowe. >> timothy alan roy, sr. >> paul g. ruback. >> ronald j. ruben. >> joanne rubino. >> and my sister. judy, a.j., all of us love you and miss you very much. you live and our hearts forever. >> and my son. we miss you and love you and i know you know that you have two grandchildren and twins coming. god bless you. >> david m. ruddle. >> bart joseph ruggiere. >> susan a. ruggiero. >> adam keith ruhalter. >> gilbert ruiz. >> obdulio ruiz diaz. >> stephen p. russell. >> steven harris russin. >> michael thomas russo, sr. >> wayn

james rosen separates fact from fiction. >> when you look at what we have done over the last decade, state of texas at the sim time american lost 2..5 million. >> that is all true and just since the great recession began at the end of 2007, only north dakota, alaska and the district of columbia have grown jobs a at rate faster than texas. indeed, texas accounts for nearly one quarter of all jobs added in america over the last year. >> 95% of all of the jobs that we have created have been above minimum wage. >> that is also true as is the fact that texas average hourly wage for private sector jobs stands at $21.95 good enough to rank 22-out of the regions studied by fox news. also true when you consider all of the jobs that existed in texas in 2010 not just those created over the last decade, the lonestar state ties with mississippi for dead last in the nation in seeing one tenth of its hourly work force earning at or below the minimum wage and improvement on that scar is slow. since the great recession began, 37 other states have seen their average hourly wages increase fast. >>> tex

. >> jeff rosen reporting.he paramedics who rushed to his side will take the stand today and the defense will say that jackson gave himself the last dose of propofol that caused his death. >>> the appeal of amanda knox is wrapping up. a verdict could come as early as monday. but not before knox addresses the court. knox is serving a 26-year sentence for the murder of her roommate back in 2007. >>> the popular newspaper "the onion" has always done a good job of making fake news sound surprisingly real. yesterday, "the onion," reported that armed men were keeping children hostage. the site posted a fake picture of house speaker john boehner with a young hostage as well as video of the young r hostage situation. posting updates to the story throughout the day, capital police say that they understand "the onion" satire but it wasn't very funny. >>> we're going to check again with veronica johnson with the latest on our forecast. >> you know what they say, the sunshine doesn't last long enough. by the afternoon, the

. >> other stories we're following the slugger carl rosen beltran is planning to meet for next year backpitching project want to beltran has been hitting of late. they are firm and a half games behind atlanta of for a wild card a live look it the golden gate bridge and it is a clear morning. >> >> this is a look of current temperatures around the bay area this afternoon the europeanized pleasant and in some areas hot day we're looking at upper 80s low 90s optio. why a normal " warm day. this is a look of your seven day forecasting it will be hot and warm all week long through friday and ends saturday sunday we have the cool some. now want to traffic >> still no backups or delays and we we're not tracking any hotspots. this is bay bridge toll plaza has moved community getting into the bridge. your ride to the san mateo bridge looks good 13 minute drive time golden gate bridge is smooth sailing. and the traffic maps' a pen and wrote a sensors been everything looks good and in the graieen . >> 5:47 a.m. the battle over same-sex marriages in the california the property trial be it was shot,

chief washington correspondent james rosen is live in d.c. where a d.r.e.a.m.hed by democrats and the white house is actually stalled in congress, james. >> reporter: there is some hope from people that support the d.r.e.a.m. act will spur it on in the federal level. they passed the second part of a two part d.r.e.a.m. act. the first part which democrat particular governor jerry brown signed into law enabled the children of illegal immigrants to qualify for privately funded financial aid. part two if they have attended high school for 3 years can apply for state funded aid. it's 1% of the total budget for campus aid. if signed into law the measure will take effect in 2013. state senator ron cal today reason, a democrat from the montebello area argued this is about promoting success. those who work hard and become good students should not be punished for decisions made by their parts. state senator doug lamalfa told the "los angeles times," quote it's against the rule of law for benefits to be given out to people here without legal status. people are just insult

james rosen, thanks.companies are going electric, frito lay and staples are buying smith electric trucks in cliff. it's the largest all electric truck company in the country. you can expect to see more of these vehicles on the road. adam housley is live. >> reporter: you're seeing them in los angeles, new york, dallas. it's not just smith, there are other companies out there like navastar . there is the nissan leaf, the chevy volt. people commute using electric vehicles. companies will be the first adopters and potentially the most successful early one. the electric trucks, we went on a ride-along with the staples truck, they can store up to 48 batteries for example in a staples truck that is under the undercarriage so you're not taking up any storage space. they have the availability to put more batteries in there. most the delivery trucks travel less than a hundred miles away, no need to go over 50 miles an hour, they are going around town. they can be charged overnight. we talked to the coe of smith el

down here. >> damn rosen, the william group. the fundamental factors that are causing concerns about the united states and europe are very much our domestic political process these. i think everyone would agree with that. but there are some policy positions in china which are obligations for the wealthier countries wouldn't have been expected of china when i was at a lower development level and some of the concern about the ability of the united states and europe to sustain their growth has to do with whether china is ready to join that sort of higher income will fall of policy commitments, and i think currency, policy is one of them. yesterday the trend made clear that china was planning to stay the course in terms of the moderate level of appreciation that's currently been taking place they were great questions whether they would stop the 6% nominal appreciation against the dollar. do you agree that there is in the new era expectations about what china contributes to the international economic scene in terms of its domestic ec

we couldn't have two better in producers for that discussion than daniel rosen and elizabeth. they will speak for ten minutes and we will have a conversation and open up to the audience and hope that you will contribute questions and commentss. i will start asking daniel rosen to introduced the topic. >> i will use a few slides if i can. to get us started. let's see. good morning. it is a pleasure to be here at the front of a loaded day of terrific conversation on the topic of china in the world economy. that is the topic of our panel to get started. was critical to have david as the moderator or our topic would be global china, new master of the american economy. that would be an untenable way to kick off. it is a global impact we are here to look for. i am going to highlight three seems in terms of how china is impacting the world economy and what that looks like. i will touch on china in consumption and production in the world and investment flows in the world. before i get to those three specific points i will set the table with a few basics on what is going on in china an

to a new study by san francisco street her more than 20 percent of the beach can be washed away a rosen will cost the damages to the coast and infrastructures they will lose tourism dollars and it could also wild white out deeper wildlife did the study also claim if the ocean beach goes the city would be vulnerable to storm surges in >> we saw the fog at moving into the bay area didn't stick around again today >> we are looking at fog hame on to the bay and a little bit of drizzle. partly cloudy conditions san jose will warm to the '70s. this is allot of the fog it is starting to fill land we're starting to see of the end uits pick of now i'm right now current temperatures in the '50s and '60s. afternoon highs and will bringing is to 70 in san jose staying cool in mountain view. along the coast will hold on to the 57-this is a look of your afternoon highs whe. this is a look of your seven day forecasting as we wrap into the weekend on we will see a slow warming trend after the we can you will notice that difference and it will be a different story pictures will be back in the '90s when

in washington with us now, republican strategist rich galin and cnn political contributor hillary rosenltant whose firm has worked for a number of candidates in federal congressional elections. seriously you want to set your hair on fire. this cannot be good for the white house or republicans on capitol hill. >> no process battle at a time when a country is panicked is a good thing to have. and i have to say, the white house chief of staff called the speaker, how about wednesday? he said, okay. and there it went. >> can i just ask you, do you believe that the white house didn't know that republican debate was wednesday night? >> yeah. i don't think that's really the issue, though. because the republicans would have had a lot to talk about in response to the president if they wanted to. >> we're not allowed to decide on behalf of what the debaters are going to do or not do. i mean, i don't think there's any question that white house was sitting -- we've all done this, sitting there, going, i know what we'll do. and they got caught at it. and it's too bad. but your bigger point is exactly

howard rosen from the peterson institute of economics and "the new york times" said this is not just jobless recovery, it's a recovery-less recovery. the book, tom, talks about what's holding america back, talks about fears of america's decline. with that backdrop, what is the major point and framing of this book? >> david, what i and my co-author from johns hopkins are arguing is we have good news and bad news. the bad news is this problem didn't start in 2008 with the subprime crisis, this problem in our view started at the end of the cold war. the good news is there is a way out if we understand exactly where we are. i make four big points basically. first of all, we made the worst mistake a country or species can make at the end of the cold war. we misread our environment. we interpreted the victory at the end of the cold war as a victory, and not understanding it was the onset of one of the biggest challenges we faced as a country. we unleashed 2 billion people like us. the '90s turned out to be quite a party, thanks to the pace dividend and massive productivity boost of the int

. >> that was jeff rosen reports. police and prosecutors aren't just asking for 30 years prison.want him to pay $70,000 to flores' family in peru. the next hearing scheduled in two weeks. >>> gas prices kwushlly drop around labor day, but not this year. the average for a gallon is $3.62. the highest ever, second highest ever. government is reporting to sue more than a dozen banks over bad mortgages. the suits are expected to be filed in the next few days. a junge could decide as early as today if roger clemmons will face another perjury trial. sales of lottery tickets are up in 28 states. 17 have set all time sales records. the likely reason the bad economy. >>> at about 8,000 items belonging to rosea parks are going up for auction in new york. they could be worth up to $10 million. >>> sarah palin is still not a candidate, but she is reportedly planning to take on front runner rick perry and the so-called powers that be in washington at an iowa tea party rally. her speech includes phrases like-on-kri capitalism. it doesn't mention perry by name. a source tells the website the rh

hilary rosen and rich, thanks. >> appreciate it. >>> and that's all tonight. "ac 360" starts right now. >> candy, thanks very much. good evening. we begin tonight keeping them honest with a man who says he has done enough lying for a brutal dictator. for months we have been showing videos. some of it we warn you is incredibly tough to watch of syrian forces killing ordinary syrians, and hearing first-hand accounts from the people being shot at. we've shown you photos, many photos of children slaughtered in the streets by the assad regime, or taken, tortured, and killed, their bodies mutilated almost beyond recognition. i know it's all difficult to look at, but it is what is happening in syria. it is the truth. all the while, in spite of all these videos and all that evidence, members of the regime, all the way up to the top to bashir al assad have been telling us what is brutally plain to see isn't happening at all or isn't what it seems. the denial is systematic, and it is staggering. but for tonight for one member of the assad regime, it is over. >> i the at

howard rosen from the peterson institute of international economics in "the new york times" yesterday, he said "this is not just a jobless recovery, it's a recovery-less recovery." tom friedman, the book is "that used to be us." it talks about what's holding america back. it talks about fears of america's decline. with that backdrop, what is the major point in the framing of this boo >> well, david, what i and my co-author michael mandelbaum from johns hopkins are basically arguing is we've got good news and bad news. the bad news isthis problem didn't start in 2008 with the subprime crisis. this problem,n our view, started at the end of the cold war. the good news is, though,here is a way out if we undstand exactly where we are. think four big points, basically. first of all, we made the worst mistake aountry or species can make at the end ohe cold war -- we misread our environment. we interpreted the victory in the cold war -- or the end of the cold war as a victory, and not understanding it was actually the onset of one of the bigges challenges we've ever faced as a country. we'v j

james rosen picks up the system from there from our washington bureau this afternoon. >> reporter: goodnoon. public policy watchdog groups gave voice over the weekend to their quote unquote disappointment in president obama and his record on his 2008 campaign promises to produce a more transparent government. thiesen ta phepbts followed new questions about what follow obama administration officials may have played in shaping the air force general's testimony to congress last week. he told the house subcommittee last thursday that this proposal for a new broadband service put forward by light squared would interfere with the gps receivers on which our fighting men and women deny. light squared denies that it would pose any risk to the u.s. forces and says the competitors don't want to see the company revolution nice wireless service by enabling smaller, rural carriers to lease their broadband and become national carriers themselves. in closed door session general sheldon advised lawmakers he had indeed been asked to make his testimony more sympathetic to light squared. >> the general did

james rosen as more from washington. >> reporter: governor perry as we have seen has participated in two debates so far and received mixed reviews. his performance in the invisible contest of big and small donor fundraising remains unknown but not for long. at the outset of the nominating process mitt romney the former massachusetts governor enjoyed both frontrunner status which he has since lost and the presumption of a decisive edge in fundraising and spending ability. he had been running for if the for six years after all and had $12 million in fund banked at the beginning of summer. perry's fundraising abilities in texas is legend second only to the bushes. $160million in two years. rom niece net worth is estimated at or above 200 million. perry has personal assets between 1 to 3 million. the figures that take us through the second quarter ending june 30th say romney was way out in front reporting 18 million in funds raised. ron paul placed second with 4.5 million tkhra*rz. jon huntsman and congresswoman michelle bachmann were not far behind. the asterisk is behind huntsman's nam

cnn political contributoor hilay rosen joins us. >> it's unseeming for the president's own campaign tove to do is make sure that no charge goes unanswered, that's the first rule of politics. one way they'll do that is to make sure when someone is out there attacking the president on any issue they've got answer. you're going to see the other campaigns do the same thing. >> a pretty good idea, the president, it sounds like you're almost building up a new following of people to fact-check, all of your supporters keeping your eyes on those blogs that are endless, and rumors online that are all over the place. >> politics have totally changed. it's a very engaged sport right now. a lot of what we have seen over the last several years, really has happened because some citizen out there has noticed their candidate doing something and has brought it to somebody's attention. so, feeding in stories to your democratic candidate or republican candidate, feeding in the youtube moment that you captured at a townhall meeting. or sitting at the deli eating a sandwich. >> hilary, let's turn to new yor

joining us, democrat strategist hillary rosen, republican strategist, mary mat lynn.wn on the whole issue of this hpv vaccine, going after rick perry, the front-runner. she's got a new web video she posted today. let me play this little clip. audio's not so good, but you'll make it up. >> i believe that parents are the ones who should decide whether or not our young daughters should receive injections for sexually transmitted diseases. whether it's obama care or perry care, i oppose any governor for president who mandates a family's health care choices and in turn, violents the rights of parents on these issues. >> doesn't she have someone who checks her audio? you'd think she can do better. let's talk about the substance. she's going after rick perry, branding this new frad, perry care. we've heard about obamacare, now perry care. is that smart on her part, mary? >> she's, i'm not the first to say this, is jumping the shark. she raised two legitimate issues. the role of government and a crony capitalism. both are legitimate. governor perry did rebut them adequately a

james rosen is taking a closer look and joining us live from washington. james. >> reporter: to hear governor perry tell it the job growth in his home state over the last decade is apt lee described as the texas miracle. >> what americans are looking for is someone who can get this country working again. we put the model in place in the state of texas. when you look at what we have done over the last decade we created one million jobs in the state of texas. at the same time america lost 2.5 million. i will suggest to you that americans are focused on the right issues, and that is who on this stage can get america working. >> reporter: others on that stage, per reese rifles and critics claim that the jobs boom in texas which endured even through the great recession are all hype. they are low wage or in the public sector or simply a product of the state's good fortune in natural resources. >> texas has zero income tax. texas has a right to work state. a republican legislature and supreme court. texas has a lot of oil and gas in the ground. those are wonderfu

estamos aquÍ sonriendo con alicia machado, julieta rosen, geraldine bazÁn. >> es muy importante la risai no tienes soluciÓn para quÉ te preocupas, y si tiene soluciÓn para quÉ te preocupas. >> no te preocupes ocÚpate. >> eso suena fÁcil de decir pero a veces no es tan fÁcil. >> y no, sobre todo yo que venÍa para acÁ en la maÑana y hubo un accidente terrible y dije cÓmo llego a despierta amÉrica! y dije, va a pasar todo como tenga que pasar. >> y llegaste muy bien. >> me voy a reÍr de esto y ya. es lo que tiene que ser. >> no solucionas absolutamente nada. >> irradias mala energÍa y pones de mal humor a todo el mundo. >> cuando uno es positivo y cuando se rÍe y cuando buscas estar con gente. atraes cosas positivas. y cosas buenas. siempre traes a gente alegre y de buen humor. si le das felicidad a los demÁs y tÚ mismo te rÍes de ti. es lo importante disfrutar del dÍa a día. >> es una caracterÍstica de nosotros los hispanos es como catarsis. te ha pasado. >> toca. [risas] >> y mÁs! >> cuando de repente por ahÍ ves a alguno que otro mandatario que lo ves en televisiÓn y hay que reÍrse porq

i will ask ben rosen to introduce a topic. >> to get this started, let's say. .- let's see good morning to be here on the front end of what will be a loaded day, a terrific conversation around the topic of china and the world economy. really, that is the topic of our panel to get started. it was so critical to have david as the moderator. otherwise, the topic would be the global china and the american economy. here we have the global impact that we are here to look for. i will highlight three themes in terms of how china is impacting the world economy. i will touch on china in terms of consumption in the world, in terms of production in the world, and in terms of investment flows in the world. before i get to those three specific points, i will set the table a little bit with a few basics on what is going on in china and what it means. this is the slide that gives rise to the question is john of the new math in the world. -- is china the new math in the world. as recently as 2000, china was half the size of germany in gdp terms. as recently as 2005, china was at two-thirds the size of t