>>peterson: singapores appeal as a financial hub is well known. its english speaking, stable politically and strategically located. add to that very favorable tax incentives and a well organized financial infrastructure. those factors attract not only wealth management players but also hedge funds. >>reporter: 16 new funds opened here in 2009... while 19 others closed down. still more hedge funds are in the pipeline... including start ups like eiken capital. it hopes to soon launch with 20 million dollars under management... and the dream of 1 billion dollars three to five years from now. >>khan: theres a large flow of corporates coming through singapore so it is actual quite easy to access the companies that we plan to invest in to meet management care and also there is a large flow of investors coming through singapore on a regular, so that helps a new fund setting up. >>reporter: singapores government continues to protect a rapid but potentially fragile recory.... one bolstered by increasing trade with china and india that has helped compensate

a renowned writer and scholar, "the dean of the school use of policy in singapore." we get started, you were on this program and you said this was -- year and a half ago. you said barack obama is elected president of the united states, 50% of the anti-americanism in the world will disappear. well, he has and has 50% of the ant anti-americanism disappeared? >> it has gone down significantly. the whole tone of america's relation was the rest of the word has changed. the speeches that he gave reaching out to the islamic world have made a huge difference. the kind of reflectixive anti-americanism you saw in europe and the islamic world and some parts of latin america, that's gone. and clearly, obama is smun ones that widely respected all around the world. as a great man, even though they are waiting for him to deliver results. >> what is the world's reaction to obama's foreign policy so far? beyond the issue of the speeches and looking at the specific issues of, you know, dealing with iran, dealing on the iraq issue, dealing with sfgs, and the way he is, is there some --

he is the dean of the school of public policy in singapore. before we get started, kishore, you were on this program and you said a year and a half ago, you said if barack obama is elected president of the united states 50% of the anti-americanism in the world will disappear. well, he has and has 50% of the anti-americanism disappeared? >> i'm not sure if it's 50% but it's gone down significantly. the whole tone of america's relations with the rest of the world has changed. the speeches he gave reaching out to the islamic world have made a huge difference, you know? a kind of reflexive anti-americanism you saw in europe, in the islamic world, in some parts of latin america, that's gone. clearly obama is someone who's widely respected all around the world as a great man. even though they're waiting for him to deliver some results. >> what is the world's reaction to obama's foreign policy so far? beyond the issue of the speeches. i'm looking at the specific issues of, you know, dealing with iran. dealing on the iraq issue. dealing with afghanist

imposed by a ruling body that decides it he ordered the driver to crash deliberately in the 2008 singapore gran prix. in the philippines they suspect of ordering the massacre of 57 people appeared in court. a leading member of the planet was accused of targeting a rival political family. another significant step towards lasting peace in northern ireland. a group supporting the union with britain has completed the discretion of its weapons. >>> and egyptian soldier was shot dead o the egypt/basara border. -- egypt/gaza border. they sent this report. >> this rally was on the gaza side. a convoy was trying to enter the blockaded territory. there was anger over egypt's construction of an underground barrier a long in its border designed to stop smuggling. it was not long before the pot -- before the protests that out of control. they were throwing things at the egyptian border guards. they shot at the crack and gunfire was heard from the palestinian side. one egyptian soldier was killed. tear gas was used by police to disperse the angry demonstrators. medical sources say several palestinians w

about 11 years ago, a swiss researcher came up with the idea that got picked up in singapore and china. now there is idna. nine years of policy work later, we are finally ready to roll it out. it has been two years of technical testing, having international domain names in the internet in a route system. that has gone successfully. it has taken a long time but finally we are ready to begin rolling that out. we will start accepting applications november 16, in just a few days, and hope to put those into the internet by the middle of next year. >> now with this going beyond roman characters, is something lost in the sense of the universality of the internet, where we might not start to get a more segmented internet that focuses on more individual countries than the more global forum? >> both yes and no. yes it in ways that we will see large pockets of content and communities developing in languages you and i might not recognize. from our standpoint as westerners, it might seem fragmented. yet on the other hand, introducing internationalized domain names so that chinese internet users can

15% of our portfolio is invested directly abroad, principly in the asean region, including both singapore and indonesia as well as china and india. india, we have gotten into health care and into infrastructure, our companies have been building airports and roads. into china actually we have made some investments into the retail sector, thats turned our very well. so these are all good natural kind of linkages, bearing in mind this whole culturally you know malaysia is a multiethnic nation with a very large, oneof the largest concentration of people of chinese descent as well as indian descent and thats part of our great cultural diversity >>sager: they also have strong ties with the gulf region and you know you have this blue chip consortium of investors which have invested in iskandar. how do you see that region recover and how are the ties? >>mokhtar: the ties are very strong. the, indeed you referred to our consortium at medini in iskandar, which isan investment that will translate, or is being translated into a gross development value of more than 15 billion us dollars. at the same t

countries such as singapore already allow new immigrants who bring -- only $50,000.ld make that our tarbgt or have zero dollar target they come to start companies and hire people. the united states simply cannot afford to lose the global raise for entrepreneurial talent. another high-impact, low-cost reform would be make some of the most important changes to the honors provisions of sarbanes-oxley. why not allow shareholders to vote on whether their companies will fulfill certain stocks requirements. this would permit companies whose shareholders don't feel the benefits newer companies have access to capital markets that would prove much more costly to jump through the government regulations. our third idea would be cheap but hugely effective. let's exempt firms less than five years old, the ones that historically have been responsible for all the new net job creation interest payroll taxes. on a temporary basis, say, for two years, would strengthen the incentive to hire while limiting the impact on the deficit and in this spirit, we might also consider measures that

. >> to not overlook the temptation of a bunch of -- there are a whole bunch of singapore or some financialcenter. everyone has to do it together. don't we need a stronger the regulatory environment? this tax is serving as a proxy for don't we need a tighter, more robust oversight. obviously we do. the regulatory oversight has to be done internationally for the same reasons. we have to have tighter and more robust oversight and the financial system. >> unfortunately, i cannot allow any more questions. however, i would like some concrete predictions. what will be better in 2010? >> the good news is that it is not 2008. it is really about how strong the recovery is versus how strong the collapse. >> it will be a recovery but not another collapse of his >> exactly. there is too much complacency. there is the prospect of default in the emerging markets. the emerging markets have weathered the storm and this is this perception. i think that many of them might default. >> what is yours? >> each of mine has a twist of good and bad. there will be no upturn in inflation in 2010. the prediction is th

that got picked up in singapore, china, 11 years of technical work later, there is a standard emerging called idna or international domain name for applications, which the ietf has developed engineers. in nine years of policy work later were finally ready to roll it out. there's been about two years of technical testing accompanies international domain names in the internet and what we call the root is dumb for testing. that is gone successfully so it's taken although sears chris. finally we are ready to begin rolling that out. so will start accepting applications november 16 in just a few days here and then hope to put those into the internet routes mid next year. >> we here in the u.s. where the internet was created have had a big advantage of coarse ib english speakers and other english speakers around the world with that same advantage in terms of using the internet. and now with going to give non-roman carrot errors, is something lost? obviously something is gained in those countries, but a something lost in the sense of the universality of the internet, where we might now start t

that got picked up in singapore, china. eleven years later, there is a standard immersion called idn which the itf has developed, the engineers, and then nine years of policy work later because there's a lot of subtle issues, we're finally able to roll it out. there's been about two years of technical testing and what we call the root system for testing. that has gone successfully, so it's taken all those years, chris -- i know it's a long time -- but finally we're ready to begin rolling that out. so we'll start accepting applications november 16th, in just a few days here. and then hope to put those into the internet route mid next year. >> host: we here in the u.s. where the internet was created have had a wig advantage, of course -- big advantage, of course, by being english speakers and other english speakers around the world have had that same slang in term -- advantage in terms of using the internet. now going with these non-roman characters, is something lost? obviously, something is gained in those countries. but is

. >> to not overlook the temptation of a bunch of -- there are a whole bunch of singapore or some financial center. everyone has to do it together. don't we need a stronger the regulatory environment? this tax is serving as a proxy for don't we need a tighter, more robust oversight. obviously we do. the regulatory oversight has to be done internationally for the same reasons. we have to have tighter and more robust oversight and the financial system. >> unfortunately, i cannot allow any more questions. however, i would like some concrete predictions. what will be better in 2010? >> the good news is that it is not 2008. it is really about how strong the recovery is versus how strong the collapse. >> it will be a recovery but not another collapse of his >> exactly. there is too much complacency. there is the prospect of default in the emerging markets. the emerging markets have weathered the storm and this is this perception. i think that many of them might default. >> what is yours? >> each of mine has a twist of good and bad. there will be no upturn in inflation in 2010. the prediction is t

sounds like mission impossible, maybe this but it is a visit we went through indonesia, hong kong, singapore, japan, and it was about five and half weeks long and it was to assess financial vulnerabilities in these countries at that time and you could not go anywhere without hearing news about the evolution of the mexican crisis. and the issue was raised at the time well, you know, a lot of these countries which these were the east asia tigers by and large had had a history of more than a decade of incredibly high growth, low inflation, prosperity, and yet these countries had a very large current account deficits, a big current account deficits financed by borrowing from abroad and a lot of the borrowing was short-term borrowing so-called hot money leverage. people at the personal level at the household level and at the firm lovell indebtedness had gone up a lot. stock markets have gone up a lot. real-estate prices were soaring. construction activity was booming. there were shopping malls in the midst of the tight forest that were coming into being during this boom. so naturally post the que

. >> and they may be in singapore, germany and other countries. thank you all so much. or very own jet kaw yssica yell a great weekend. >>> and the best and worse jobs in the united states. find fout your job made either list, next. vevevevevevevevevevee >>> time to look at the big headlines. joining us, pat kiernan a good friend of the network. d.l. hughley, radio host and comedian. first off we announce the best and worst of 2010 in terms of jobs. >> right. drum roll, please. congratulations to actuaries across the country. claiming the honor of best job in 2010 according to jobs rated report by careercast.com. people who interpret statistics of risk and uncertainty. >> insurance places use them. >> so sexy. software engineer. commuter systems analyst, biologist and historian. >> i don't get the historian. seems like an interesting job. what's up with that? actuaries measure opportunities for advancement, salary. >> income stress, outlook -- physical demands -- >> risk factors stuff like that. >> actuaries don't have a lot of risk factors. >> the worst jobs. roustabou

. >> guest: the philippines were likely target for the singapore with british but he was trying to pressjapanese into a quarter at the same time that he was also conducting an undeclared war back in the north atlantic with the germans. he was doing everything he could to get the united states into world war ii and i think it is best for the country and the world that he did because what if we had gone into the war in late 1942. post coming years later which might not have been as effective. military commissions which people don't understand today somehow they haven't gotten a good name but fdr was an item. tell about the germans. >> guest: this is an interesting question the military commissions that you've seen the last few years sometimes seemed like they are totally new and never seen before. the fact is the book tries to show fdr and lincoln used them. fdr was confronted what to do with the nazi seven -- savage worse. i think in long island on new york ->> ht: florida. >> guest: was at florida? >> host: both. >> guest: that the plans to my attack. two of them had been born here all o

it's model is thailand, taiwan, singapore, japan. trying to integrate itself into the global economy, and the consequence is that you have steadily a decline in support for extremism. that doesn't mean that indonesia is islam any means liberal. there's plenty of conservatives but there is no support for terrorists. there are still terrorists in indonesia. there was a bombing just a few months ago. if you look at the results of the last election in indonesia, the country in an overwhelmingly voted for a moderate middle. the president's party even in head-to-head contest nation, against fundamentalist party. and the side of the fundamentalist party shrunk and the size of the radical groups is also shrinking. so what happened in indonesia is instructive. in the sense of having a direct correlation between rise of the middle-class and tie to the global economy, and a decline of extremism, and creation, if you would, of a perspective in the society that is supportive of shared global value, participation, in the larger world. and you know

i've met people, singapore. who are beginning to think differently. >> host: is a fair though to say, on the basis of this book, it seemed to me that certain positive futures, it's not -- there a lot of possibility that there is a lot of directions that we could go. >> guest: there may be some, i mean, heaven forbid, but there could be a plague like effect. we could lose hundreds of thousands of people. it's always been predicted with these superbugs because we misuse antibiotics because we keep animals in these awful conditions for intensive farming, so we have to feed them antibiotics regularly to keep them alive so that bugs are building up resistance. it's out in the food chain, and you know, people have already died from a scratch because there wasn't a strong enough antibiotic. so we don't know what's going to happen. we got to be prepared for it to turn around in the favor of the environment and animals in the future, for our own great-grandchildren. >> host: i want to go back to a more respectful form of

australia and new zealand, hong kong, singapore are four. host: when taking a look at the united states, it is under switzerland and canada. and above denmark and chili. host: that's right. for the first time the united states is second place in north america in terms of economic freedom. canada is freer. host: is this because of efforts such as the tarp funds that were distributed and the stimulus? guest: that's right. host: that are there others? guest: it was the underlying factor that just went into so many of the other variables. there are ten variables in the index. tarp. that is the government intervention into financial markets to break contracts, to regulate pay, to essentially take the aut motive industry and put it under the protection of the united states government. from one perspective people can say, well, it was something we needed to do. but when we're looking at the index, we're comparing 179 countries against standards and they're all held opt same standard. the united states is on the same as bangladesh and we found that

president obama's trip to asia in november 2009 with stops in japan, singapore, china, and south korea, was intended to constrain the u.s. commitment to the region, build trust, articulate our values on issues such as human rights, and strengthen and expand our cooperation with china. the trip was productive in this regard. during his first ever visit to china, the president gave in his acquainted with his chinese counterparts, and demonstrate to them the importance we place on cooperating on such issues as iran, north korea, and afghanistan. the president set the stage for further cooperation with china in preparation for the copenhagen conference on climate change. he discussed exchange rates and trade, clean energy, military to military exchanges, human rights, and stopping the spread of nuclear weapons. we outline the key of compliments of the visit in a joint statement issued by president obama and president hu jintao on november 17. it has been said before that in order to get china right, you have to get the region right. the united states is a vital contributor to asian securit

have seen rolls royce in international company moved to ohio to begin their fuel cell research from singaporehe united states and start in ohio. this is the type of excess wicking game with the right investment. >> the president also talked about nuclear power. which kind of came out of the blue and nobody expected that one. what was your reaction? the ohio has a nuclear facility and we need to make sure we have all resources on the table to make us energy independent. we need to quit sending the billion dollars every day overseas. it hurts our national security. this will create jobs in america that you can't outsource. you can't outsourcing when turman that has a thousand parton 200 tons of steel. you can't outsource the wind farm or solar panel or solar array. these things americans will bring back-- >> the publishing of all earmarks. >> we already do it. i make no bones about making sure we have transparency and making sure that people understand what i am fighting for here in washington, to bring back those dollars to put people back to work. >> is that an important part of your job? >>

more hijackings off the coast of somalia, a british flagged cargo ship and one from singapore were attacked yesterday. four hijackings in one week. the crew does appear to be safe, but the pirates have not made contact with the ship's owner. the ship was just outside the patrolled area when it was hijacked. cold weather has settled in across the east and really everywhere where temperatures remain really chilly for the rest of the week. meteorologist domenica davis is at the fox weather center with today's forecast. no mistaking it's winter time, domenica. >> no, absolutely not and it's down right freezing in many areas. and look at the current wind chills that i have behind me. 23, minus 23, that's what it feels like in bismark, minus 27 in sioux falls, minus 18 in des moines. this cold air is locked in for the weekend and pouring down from canada and reached pretty far south. so this morning, we were seeing very cold lows that made its way all the way down into florida and pretty much much of the country this weekend will be running below average for the highs and you can see the current

president obama's trip to asia in november 2009 with stops in japan, singapore, china and south korea was intended to demonstrate the u.s. commitment to the region, build trust, articulate or values on issues such as human rights and strengthen and expand our cooperation with china. the trip was productive in this regard. during his first ever visit to china, the president deepened his acquaintance with the chinese court part on issues such as iran, north korea, and afghanistan. the president said the stage for further cooperation in copenhagen on climate change. he discussed exchange rates and trade, clean energy, military-to-military education changes, human rights, and stopping the right of spread of the nuclear weapons. in a joint statement issued by president obama and jintao. in order to get china right, you have to get the region right. this is the vital to economic prosperity. our act of presence helps promote regional security and stability. we intend to deepen our engagement and strengthen by strengthening our commitments to allies and partners and enhancing our involvement

because there is great competition under way among the states and among the nation's from rollick to singapore, from tallahassee to shanghai, governments are pursuing bold initiatives to attract job opportunities within their borders. we must compete more vigorously to be more successful. crowing the tax base to business development is the key to virginia's economic recovery. let us start now by doubling the amount of that fund for the fiscal year of 2011. we have fallen behind many of our neighboring states. tax and regulatory incentives that we offer, this cannot last. provide us the tools and we will get the results for you. i have assembled a very talented team whose sole focus will be on economic development with lieutenant governor and chief in job creation officer and extremely accomplished entrepreneurs and businessmen. new funding is needed to incentivize now rural economic development. i think it is imperative that we focus on bringing jobs to the rural areas of our state that have been wracked by double- digit unemployment. [applause] >> i join with the lieutenant governor, several

from raleigh to singapore; tallahassee to shanghai, governments are pursuing bold initiatives to attractjob-creating businesses to their borders. we must compete more vigorously to be successful. growing the tax base through business development is the key to virginia's economic recovery. let's start now by doubling the amount of the fund for fiscal year 2011. we have fallen behind many neighboring states in the tax and regulatory incentives we offer, which cannot last. provide us the tools, we will get results. i have assembled a very talented team to focus on economic development, with lieutenant governor bill bolling as a cabinet level chief job creation officer, and extraordinarily successful businessmen and entrepreneurs jim cheng as secretary of commerce and trade, and bob sledd as senior economic advisor. new funding is much needed to incentivize rural economic development. it is imperative that we focus on bringing new jobs to rural areas of our state that have been wracked by double-digit unemployment. [ applause ] in mid-december i joined lieutenant governor bolling, bob sledd,

and don't overlook -- there are a whole bunch of -- i don't know if it would be singapore or whoevernts to be a financial center and everybody else will tax your transaction but we won't so move all of your stuff here. tobin himself was my advisor when i was an undergraduate and kind of my hero and mentor. tobacco,himself would often say well i don't know if it exactly could work. because everybody has to do it together. the second thing i would say it is clearly getting at don't we need a stronger regulatory environment where that is serving -- tobin tax is serving as a proxy or don't we need more tougher, tighter more robust oversight. obviously we do and that has to be done internationally for the same reason so that there is not one place and everybody shifts their money to that. there are things that are equally important in that but i don't think anything is more important than that. we have to have tighter and more robust oversight of the financial system. >> no more questions? i was going to say am i allowed to go over. i have to ask both of you for some predictions, some con

from other countries in the region, from south korea, from sing apour, from as you trail -- from singapore, from australia, about how the u.s.-japan relationship matters to them, not just for us. they say it's the component of american and japanese approaches to global policy. so we tried to take the appropriate steps over the course of the last several days to underscore the importance of this relationship. when the secretary and the prime minister met in hawaii last week, the secretary issued a detailed personal declaration of her support for the alliance . today, we have also issued a formal two plus two statement which is a document that is formally released by both the u.s. tanned japanese governments, including secretary gates and secretary clinton on our side and the japan defense minister and administer of foreign affairs on the japanese side. in addition, the prime minister and president obama both issued comments about the anniversary. president eisenhower referred to this relationship as not just the cornerstone but an indestructible component of the american approach to the asi

do not overlook the temptation of a bunch of -- i do not know if it would be singapore or somebody elseo wants to be a financial center. i think it would be hard. he was my adviser when i was an undergraduate. he was my hero and mentor. he himself would say, i do not know if it would work. it has to be done -- everybody has to do it together. don't we need a stronger regulatory environment? that tax is serving as a proxy. don't we need a tougher, more robust oversight? obviously, we do. the regulatory oversight also has to be done internationally for the same reason. so there is not just one place we will shift all our money to that. there are things that are equally as important. i do not think anything is more important than that. we have to have tighter, more robust oversight of the financial system. >> i cannot allow any more questions. some concrete predictions for 2010 which will be written up on the screen behind you. .  [y jxmkcÑ)qm i wfju!t it. littleemw1bh1wg÷ signgwïs of n [/ saying " will not be humongous growth, a 10%, v-shaped. j÷yvÑu%kilrsxdpn xz tkyájjt<1 <íbh nor