live from singapore and london.till to come, it is a year since the floods that does -- devastated pakistan, but what is life like for the hundreds of thousands still homeless? >> and we find out what life is like for america's poor more than 70 years after the -- "the grapes of wrath" was published. senior officers in norway could not confirm that all of those missing had been found. prosecutors say anders breivik will be interrogated again on friday. >> outside the cathedral, the floral carpet continues to grow. one of these attributes could easily have been for him, he knows. he came face-to-face with the gun man and lived. >> he started shooting around me and he got several of the guys around me. and he had to reload his gun. i got my chance to get away and run into the water. and i started swimming. i got my clothing off and kicked my boots off and started swimming. >> was he still firing at you? >> he reloaded and was firing again. he went down to the water and shot many of them trying to escape. but luckily,

i am in singapore. >> and i am in london. from all of us in london and singapore, a big thank you for watching bbc news day. by-bye for now. >> makes sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. ♪ >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> "bbc world news" was presented by kcet los angeles. " newsday" on the bbc. >> libya condemns britain's decision to expel all of colonel gaddafi's diplomats after recognizing the transitional council as the new government. an independent inquiry in a way into the attacks and they say the country will not be made to cowger. >> and with just a year to go until the london olympics, the head of the ioc extend an invitation to the world's athletes. it is 11:00 a.m. in singapore. >> and it is 4:00 a.m. in london. broadcasting to viewers in america on pbs and around the world. this is "ne

. >> in singapore. the headlines. a day of sl braggs for young and -- celebration for young and old as china celebrates 90 years of the communist party. and u.n. investigators issue a sealed indictment over the murder of rafik hariri. the lebanese media says it implicates hezbollah. >> a french hostage released by the taliban tells the bbc he believes the deal was done to secure his freedom. and canada welcomes william and kate on their first official trip abroad. it's 2:00 a.m. here in london. >> it is 9:00 a.m. here in singapore. broadcasting to viewers on pbs in america and around the world. this is newsday. >> the chinese communist party is celebrating its 90th anniversary. the world's largest political party with a membership of more than 18 million. and it's managed to stay in power elsewhere have been pushed aside. our correspondent, michael bristow, traveled to the city of yen-on in northern china. the communist base during the civil war more than 60 years ago and considered by many as a birthplace of china's

in singapore, 8:00 a.m. here in singapore. >> 2:00 a.m. in london. broadcasting to viewers in the u.k. and around the world, this is newsday. >> hello and welcome. here in the u.k., lawyers for the relatives of british soldiers killed in iraq and afghanistan say police have warned their clients that their phones may have been hacked into by the news of the world. the tabloid newspaper at the center of a phone hacking scandal. the parent company, news corporation, said it would be absolutely appalled and horrified if the allegations proved true. and the owner, rupert murdoch, has ordered full cooperation with police investigations. our political editor nick robinson reports. >> yes, there was even worse to come. the relatives of soldiers kill in iraq and afghanistan have been warned that their phones may have been hacked. according to tomorrow's daily telegraph. they joined the families of those whose loved ones were blown apart on 7-7. >> my mind went back to 2005. and the real emotional turmoil and state that we were in. and that somebody was listen

i'm in singapore.he headlines this hour, arwin $150 billion for greece, but will it be enough to save the euro? the u.n. and ounces of emergency drops. and hillary clinton joined the quest to move forward on tough security issues. and the artist lucian freud has died. it is 11:00 a.m. in singapore and 4:00 a.m. in london, broadcasting to view -- viewers on pbs in america and around the world. this is "neuza de." -- "newsday." >> hello and welcome. of leaders of the 17 countries which use the euro have agreed to a second bailout for greece and preventive measures to prevent the debt crisis from spreading. the greek package will be worth an estimated $150 billion. and there will be billions more from private investors, such as banks. from brussels, gavin reports. >> nearly 10 years ago, the bureau has -- had been launched to a fanfare of celebration. it is now facing its greatest task. and today, europe's leaders came up with an historic package designed to draw a line under the greek debt crisis. the fr

we're in singapore and london. the headlines. the crisis escalates as another top policeman resigns, man from "news of the world" is found dead. >> the mcenroe zone debt crisis worsens. the major banks prompt a stock market slump. and forcing a closer alliance, hillary clinton builds bridges on a two-day trip to india. it's 9:00 oom here in singapore. >> it's 2:00 a.m. here in london broadcasting to viewers on pbs in america and around the world, this is "news day." >> a second senior british police officer has resigned in connection with the scandal over phone hacking and alleged corruption in rupert murdoch's newspaper empire. police commissioner john yates said he had been i don't think in 2009 not to reopen an investigation into the affair, but had acted with complete integrity. meanwhile, the journalist who first claimed that andy knew about alleged malpractices at the "news of the world" has been found dead at his home. >> he is yates of the yard no longer, resigning just a day after his boss, the commissioner of the metrop

." >> i am in singapore. . >> i am in london. a warning that they need to find a solution to the crisis or they will be partially judge. an accusation that put church ahead of the child rape victims. >> the area is controlled by the militia. >> survivors of the civil war are trying to rebuild their lives in sri lanka. it is 11:00 a.m. in singapore. >> it is for clock in london. viewersoadcasting to around the world. this is "newsday." ♪ >> late night talks between the french president and german chancellor have reportedly resulted in a joint position over new bailouts for greece. an emergency summit of european leaders will begin to discuss the crisis in a few hours. it comes amid warnings that the currency is facing its greatest test to date. >> for the past year or more, whenever european leaders of that, there has been one issue at the top of the agenda again and again. that is trying to fix the euro. the survival of a single currency has been called into question. there are increasingly urgent appears for eurozone leaders to

i'm in singapore. >> i'm in london. the headlines. hugo chavez admitted in a televised speech he underwent surgery to remove a cancerous tumor. celebrations are taking place to mark the 90th anniversary of the chinese communist party. >> a french hostage released by the taliban told the bbc he believes the deal was done to secure his freedom. canada welcomes william and kate on their first official trip abroad. it is 11:00 a.m. here in singapore. >> we're broadcasting to viewers on pbs america and around the world. >> venezuelan president hugo job as within the last few hours held -- hugo chavez with in the last few hours held a press conference. he is recovering from surgery. the president acknowledged he had a tumor and had undergone surgery to remove a cancerous cells. he says he is determined to fight and is on the road to recovery. sara joins me now. after watching the footage over the last few days, this comes as a bit of a surprise. >> it does. it is quite a big admission because the government has tried to manage this illness.

singapore hopes that the guinness world records will endorse the bid. the organizers put on the event as part of the city's food festival managing to sell 550 seats to hungry customers. >> i always want to come down here. it's fantastic. i think they are doing a really, really fun thing. and indian food is going to be good. so this is nice. >> the organizers planned the table at 120 meters but had to lengthen it as demand rose. try fitting that table into your dining room. but way to go, singapore. and that wraps up our bulletin. >>> hello there. welcome to your weather update. we're looking at changeable weather across japan today. lots of thunderstorms bubbling up in the afternoon. especially along the mountains. do watch out for those strong thunderstorms, as well as gusty conditions. back behind this, this low pressure system continues to move slowly across northeastern china. we are hearing reports of heavy downpours in the area. it looks like that rain will clear out of beijing, but moves into the more northeastern corner of china. also the wester

. >> i want to tea it up with the singapore view. jim rogers, famous guy, he lives in singapore. >> is that the measure of fame? >> he was famous and became even more famous. he has an american wife. he and his wife have a pact if they're traveling the united states and the other falls ill, the other must fly them back to singapore because of these statistics, the odds of being hurt or infeked in a u.s. hospital is huge. >> matt, you have a singapore crush. >> you are -- you have observed me closely. >> i don't know if the viewers know this. if i can do a public service, you've written about the singapore financial regulation approach, much higher paid regulators, so they don't have a resolving door with wall street. i smell something a little fishy here. >> all singapore all the time. you're right. we'll move off of singapore and go to our next hot issue which is the couch potato. there is a new study -- it's amazing sometimes that academics study this. two political scientists at m.i.t. that shows that people who actually get most

in singapore. >> and it is to a.m. here in london. this is newsday. >> hello and welcome paired it is the phone hacking scandal that has stunned britain and today came the biggest bombshell of all. britain's best-selling sunday newspaper "the news of the world" is being shut down by murdoch's news international. the closure comes after a public outcry. but it has not lifted the spot line of the murdoch empire which controls 40% of newspaper circulations in the u.k. and has worldwide reach. the bbc business editor robert preston starts our coverage. >> rupert murdoch, 1969, shortly after he bought a newspaper which was to become his very profitable pride and joy. >> 4 give the individual, by all means. but you cannot forget. >> he may have well have made the remarks about the newspaper that has shocked us here in the paper that has been printed for 168 years became indelibly linked with the worst practices in british journalism. mr. murdoch says it could not be amended. >> clearly practices of certain individuals did not live up to the

here in singapore. >> it's 2:00 a.m. here in london.roadcasting to viewers on pbs and around the world, this is "newsday"." >> the british prime minister david cameron will make statements to the house of commons later, the start of an all-day debate in the latest developments in the phone hacking scandal. it follows the dramatic testimony on tuesday by rupert murdoch. appearing before m.p.'s, the media tycoon said it was the most humble day of his life but he refused to take personal responsibility for the crisis which engulfs the news world. he appeared before a select committee by his son james. nick robinson reports. >> end to britain's most powerful, most feared media going you will. the policemen are there to protect rupert and james murdoch, not take that -- them into questioning. that fell into a crew of m.p.'s. his wife was behind him. offering physical and emotional support. his son and once heir apparent sat anxiously at his side throughout. >> i would like to say how sorry i am and how sorry we are. >> rupert murdoch was det

here in singapore. >> 4:00 a.m. here in london. broadcasting around the world. >> that the clinton has said presidents assad of syria has lost legitimacy. she says he has failed to deliver reforms and stop a campaign of violence against his people. she did not call on him to step down but made it clear he had no support in washington. from washington, this report. >> this made washington very angry, an attack on the embassy in damascus. for washington, the fighting and syria has gained a slightly more personal dimension. a few hours after the attack, this was hillary clinton's message to mr. . >> united states strongly condemns the failure to protect facilities in domestic, including french embassies and our ambassadors residents. if anyone thinks that the united states is secretly hoping their regime will emerge from this turmoil to continue its brutality and repression, they are wrong. president assad is not indispensable. and we have absolutely nothing invested in him remaining in power. >> it is unclear how much difference this

here in singapore. >> it is 4:00 a.m.ere in singapore, broadcasting to viewers on pbs and around the world. this is "newsday." president barack obama has warned the republican party that they were playing a dangerous game in the country's approach to resolving its debt crisis. in a live broadcast to the nation, he said the failure to solve the problem with tax increases would damage the economy. he also accused many of his republican opponents of refusing to compromise and allow for a temporary revising of official limits on arwin. >> despite our disagreements, republican leaders and i have found common ground before. and i believe that enough members of both parties will ultimately lead us put party politics aside and help us make progress. i realize that a lot of the new members of congress and i do not see eye to eye on many issues, but we were each elected by some of the same americans for some of the same reasons. yes, many want government to start living within its means, and many are fed up with a system that seems

here in singapore. >> it's 2:00 a.m. here in london, broadcasting to viewers on pbs in america and around the world. this is "newsday." >> the british parliament has called a rare debate about the phone hacking scandal. one of its newspapers, the news of the world, is said to have paid a private detective to hack into the mobile phone of a missing teenage girl who was later found murdered. the action has prompted calls for a public inquiry. >> for months, this scandal has been growing and growing, as more and more celebrities and politicians were informed their phones had been hacked. but now a much more serious allegation has shocked the country. 13-year-old myly went missing in twoufment her body was found six months later. the latest claim is that the news of the world hacked into her phone while she was missing and that some messages may even have been deleted in the process. david cameron, who's on a trip to afghanistan, made his feelings clear. >> if they are true, this is a truly dreadful act and a truly dreadful

you're watching live from singapore. still to come, hillary clinton's trade talks in india. why one of his victims is trying to stop the execution. the government continues to call for the downfall. >> is all part of the syrian cycle of violence. protests, shootings, funerals, shootings. these images, as some residents say they are stuck in their homes. as well as the opposition at home, it faces changes from nevada. >> i talked with them about the need for reform. he promised that he would work towards that. >> a broadening out of the diplomatic isolation. >> it is necessary that the international community and not just europe clearly speak out against the syrian government and condemned the oppression. and to make clear that the dialogue is one that we want to bring forward. >> is rejected outright by the street protesters. it is a stalemate between and determined opposition. and some places, some people are seeking safety by getting out of syria altogether. >> a reminder of the headlines this hour. rupert murdoch has described his appearance before a committee as the most

the eurozone crisis i'm joined by dennis gartman in virginia he is editor of the carbon letter in singapore we go to jim rogers he's an author and financial commentator and in washington we go to sherry's ide raman she is professor of international business finance and international affairs at the george washington university where i focus is crossed i'm going to as you can jump in anytime you want there are different points of view here like here beneath the dentist if i go to you first i am i asked the question before we go to there you the facts that are at hand with the euro i pose the question is it a dysfunctional currency what do you think about that. i've i've always thought it was a dysfunctional currency i thought quite honestly that the only reason the only rationale for the euro to begin with was was to do something on the part of the northern european countries to tie the great german giants down with as many bureaucratic ropes as they possibly could they have done it to this point i think it is an eminently unsuccessful attempt i cannot imagine that that german is working as h

live from singapore and london. the london olympics is one year away. we look at how beijing benefited from the games legacy. the father of the 18th winehouse -- of amy winehouse leads the tribute to his daughter at her funeral. >> tens of thousands of people have been forced to free their -- flee their homes due to a tropical storm. many are missing. daniel has the story. >> shelter from the storm. safe now, rescued from the floods that hit the philippines. but there are many more, bridges and towns under water. half of a million people have been affected. these are the worst floods in years. look at them now, getting through to safety is a difficult journey. now they have only what they can carry with them. they are the only way to reach those stranded by the floodwaters. 1/2 she is safe. so is he. what about the others? we have nowhere to run to. so we are just on the street. not allowed to go down the road because the water level was to buy. the storm has not passed yet. more rain and misery over the coming days. nature has blessed them with nothing

from london and singapore, goodbye.nks for watching "newsday". >> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global financial strength to work for a wide range of companies. what can we do for you? >> "bbc world news" was presented by kcet los angeles.

here in singapore. >> is 2:00 a.m. here in london. broadcasters in america and around the world. >> the u.s. secretary of state has said syrian president-are al-assad has lost legitimacy with the diplomatic tension between the two countries. supporters attack the u.s. embassy in damascus. >> let me also add that if anyone, including presidents , thinks the u.s. will secretly emerged to continue its brutality, they are wrong. the president is not dispensable -- indispensable, and we have absolutely nothing invested in him remaining in power. our goal is to see that the will of the syrian people for a democratic transformation occurs. >> let's get more from our washington correspondent. strong words from hillary clinton, the strongest yet. >> the strongest yet, the message was very strong and very clear. i think is quite significant what mrs. clinton said about the fact that the u.s. finds that is notnt assad indispensable. many have thought that deep down, despite all the pro- democracy rhetoric and talk of support for the protesters,

a singapore prison after serving time related to his book on the death penalty.e was taken from shanghai prison in a van marked immigration and headed for the airport, where his client was expected to be deported to london. the -- where he was expected to be deported to london. opposition activists are trying to will the rally for reform. the police said they will do everything to maintain order. let's get the latest from kuala lumpur. jennifer, it must be a very describe what is happening on the street there. >> all of the main roads leading into the downtown core are blocked off traffic. but it does mean that -- does not mean that people cannot move around freely. where i am, people can move about freely. shops are just starting to open. before them, it is still business as usual if they can get into the downtown core. at the roadblocks, police are questioning people, their motives, and they have said that if they think somebody is going to participate in the protests, especially if they wear a yellow t-shirt, the color of this rally they will turn them away. p

i am in singapore. >> ayman london. the headlines this hour. the former british prime minister says the news international paper hires criminals to get his secret information. the debt crisis may be spreading to italy. third largests economy. >> more secure -- concern about security inanimate -- security and afghanistan. leading the u.s. back under a grant. it is 11:00 a.m. here in singapore. >> it is 4:00 a.m. here in london. broadcasting to people around the world. news international has intensified with fresh criticism from the former prime minister gordon brown. in an interview with the bbc mr. brown claimed that the sunday brown newspaper hired criminals to get his financial and medical records and he was left in tears after the signing gave information about his son's a cystic fibrosis. ministers will discuss whether to call on plans for rupert murdoch's bid for the bskyb to be abandoned. this report from our deputy political editor does contain flash cryptography. >> here is gordon again in downing street with his daughter elisabeth next

in singapore. >> it is 4:00 a.m. in london broadcasting in the u.s. on pbs and are run the world.his is newsday. >> in its main commercial city, mumbai has been hit by three coordinated bombings, leaving 21 people dead and hundreds more injured. it is the first attack since the islamic extremist attack in 2008. >> it was the evening rush hour when the bombs went off. three of them within 15 minutes. all targeted busy locations at a busy time of day. many people were on their way home from work. one eyewitness said he saw to duck -- two motorbike to explode in flames and the injured screaming for help. well over 100 people wounded in what president obama and condemned as outrageous attacks. many have lost limbs. >> the blast happened about 6:45 p.m., within minutes of each other. we feel this was a coordinated attack by terrorists. >> the first bomb went off at 6:54 p.m. at the jewelry market. a minute later, the opera house of district was attacked. and shortly after that, a crowded neighborhood. it is the first major attack in mumbai since 2008. more than 160 people were killed i

live from singapore and london, still to come. the u.n. caused controversy by withholding aid from one of the poorest places on earth. as rupert and james murdock prepared to answer questions about phone hacking corruption at the u.k. parliament, we assess the future of news corp. south africans have celebrated former president nelson mandela picked 93rd birthday. the anti-apartheid leader spent the day with family in his home village, where he was also visited by the president. millions of children in some him a special birthday song earlier today. >> smiling and surrounded by family members, these photos show mandiba, as he is affectionately called, on the eve of his birthday with three generations of his family. the elderly statesman and anti- apartheid i concelebrated on monday with a party of school children at his home in his childhood village. >> happy birthday to you. >> across the country, schoolchildren sang a special version of the birthday song. two years ago, nelson mandela fifth birthday was declared mandela day, -- nelson ma

live from singapore and london. still to come, live in japan as the country begins the task of rebuilding following the earthquake and tsunami. >> pressure mounts on murdoch's power house. we asked if the flow -- p hone hacking scandal moloch's empire. the duke and duchess of cambridge had traveled to one of canada's most remote areas. they were greeted with a display of music and dance. peter hunt. >> the sound may be familiar, this setting less so. they are here for a taste of another way of canadian life. half of the population are aboriginal. prince william tried to hand. >> we are so excited to be here. [speaking native language] >> [cheering] >> thank you very much. >> this is a vast area with few inhabitants. a few of them were here to see a couple that has been referred to repeatedly as a mega celebrities. >> i have-quito net on. i have not tried anything for three days. there is no bathrooms here. >> it is nice to see them personally. i'm lucky. >> we are up in the north. you would've thought they would com

and singapore. >> it is 2:00 a.m. in london, broadcasting on pbs in america and around the world, this is "newsday." >>> hello and welcome. rebel leaders in that libya say their military leader, general younes, has been shot dead. the head of the council said he was killed by an armed gang after he was recalled from the front to appear before a judicial committee. >> for many years, younes was firmly at colonel gaddafi's side. when the conflict broke out in february, he was one of the first high-profile figures to defect. though he became the man who led the note rebels' military against colonel gaddafi, it seems he was never fully trusted by the insurgents. some suggest that his presence spearheading their efforts to topple the government deeply uncomfortable. nor was he ever given by the gaddafi inner circle. either way, his death has come under strange circumstances. the chairman of the national transitional council said that general younes was shot shortly before he was to appear before a judicial committee. an ar

singapore and london. holmes the atlantis is ready to take -- the shuttle atlantis is ready to take off, and what will bad weather delayed the flight? a scientist has created a synthetic organ. we report. >> this is how the world's first synthetic organ was made, fitting a glass mold into a liquid polymer, which set to create an exact copy of the patient's windpipe. it was created in these labs in the royal free hospital in london and then flown to sweden. once in stockholm, the synthetic windpipe was based in a solution of stem cells taken from the patient's bone marrow. after just two days, the millions of tiny holes in its surface were seated by cells. a synthetic body part had become the patient's own. here it is in the operating theater being cut to size moments before being transplanted. the ability to create a three- dimensional synthetic organ is a significant moment in this field of surgery. >> this technique does not rely at all on a human donation. you can have it immediately. there is no delay,

enough power for a city the size of singapore for 50 years. what's it going to do to the planet?atural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ >>> welcome back to press here. ben has an ipad but is not running a firefox app. there is no firefox app. there is an app for everything. >> there is a firefox app. it's not the firefox bruzer on the ipad and the firefox app is our first iteration to bring some of the things that you would did to on your firefox browser back to -- >> there are lots of browsers. safari and tera is another one. why not firefox? >> because we use a different beg engine. and apple prohibits the use of that particular -- >> how much damage does that do you, if any? if you're trying to battle for the web browser on the pc, you are doing really well in that battle. i suspect the battle field is moving. >> the battlefield is growing. pcs today, there's about 450 million sold every year. it's about 10% year over year growth. smart phones, those numbers vary, but they're somewhere in the same neigh

imagine singapore and what also you mentioned. the other one is the united arab emirates united arab emirates it's very convenient because it's arabic speaking country it's close to here there are very. restaurants a lot of wealthy people go there but they also don't have a functioning legal system so companies are set up there because it's a good place to want money it's a good place to do any kind of criminal activities you know a lot of the grounds nuclear program you know money has been going through banks in their emirates one of the most famous unity in my view when you hear him he is apparently. dubai and so these are the u.s. i don't think should be doing business with companies that can't be sued anywhere it's like switzerland switzerland used to be a big money laundering center because they would anyone to get banking information . and you know i just don't think we should be doing business with companies that we can. thank you very much there mr paul wolf was a human rights lawyer representing claims seven crimes allege

you mentioned singapore and what i also hear much from. the other is united arab emirates united arab emirates is very convenient because it's arabic speaking country is close to the. restaurants a lot of wealthy people go there but they also don't have a functioning legal system so companies are set up there because it's a good place to want your money and the place to do any kind of criminal activity and normal out of the grounds nuclear program in the money has been going through the banks and made their appearance one of the most famous in the. movie theaters and he is apparently. out of dubai and so these the u.s. i don't think should be doing business with a company that can be sued anywhere it's like switzerland switchy and used to being one hundred center because it was anyone to get any information. and you know i just don't think this is a company that. thank you very much there mr paul was a human rights lawyer representing claims several crimes allegedly committed by a private contractors thank you thank you. how the mayor of t

>> singapore's a remarkably successful country in the first place everything works here.on in the world, the best health care in the world and they speak english and mandarin. from our point of view it was the best of all possible worlds. you can ask me in 35 years if i've done the right thing. to jim, you know the tiger moms in the united states are getting a lot-attention for how demanding they are. how strict they are. do you consider yourself a tiger dad? >> well, contessa, i certainly have high standards and high aspirations. i know that education is extremely important. i'll have to say my 8-year-old has already had more homework than i had in 12 years of school in america. so they really put it to these kids. >> in fact, you go so far you don't even allow a television in your home. why not? >> well, we think there are probably better things to do than watch television. television's great entertainment. we want to educate our and be a little more sfis cased than what's on television. >> my dad thought the same thing. thought tv rotted your brain and didn't allow tv

i was in singapore looking at the singapore school system when this started. then i went to dock post -- davos, and everything erupted in egypt. my wife called and said they are playing your song. i have been about the arab democracy thing since the start of the iraq war. she said i had permission not to come home, so i went out there. i will tell you, it is the most remarkable story i ever covered, because it is such a human story. what it tells you is that human beings are capable of surprising in so many ways. but here is what worries me. when you go from singapore, where the government on any given day and ask it sell, how do we better teach fractions to third graders? the whole government there -- i exaggerate but they are thinking about this. you realize in egypt, that never crossed hosni mubarak's mind in 30 years, you realize how much ground that have to catch up. >> you began your top with some -- you began your talk with people sank they got used to it about the escalators. it seems like too much of the american public is getting used to it. >> my ex

at the edges of this cloth the thread is being ripped and that cloth is finally coming apart jim singapore go ahead i was going to go to you anyway go to peter. peter the concept of a unified european currency is fabulous and the world needs something to replace or to compete with the u.s. dollar unfortunately execution has not been very good they brought in people like greece and and portugal and ireland who weren't paying they aren't paying their bills and weren't paying their bills and that's led to the problem i'm like dennis i cannot conceive of why honest hard working all austrians and dutch and fans should have to pay for a bunch of greeks are sitting on the beach drinking whoso and greek banks off and this is outrageous because if i go to you in washington ok we have two euro skeptics are you going to bounce around a little bit. i'll try to the bottom line is this this this was a good project to begin with if the membership had been correct greece portugal ireland spain were never supposed to join and if it was a reasonable six countries bedded down we would have had a pretty succe

talks well for more on what's going on i'm joined live by investing author jim rogers who is in singapore jim good to have you here in the program now clinton's visit to asia comes as the u.s. is struggling to deal with its own national debt so what economic issues will be dominating the talks during this visit you think. well you know mrs lenz is a bit of a bottom america's the largest debtor nation in the history of the world and she is going to speak to the to the creditor she's going to try to demand things from them but the chinese now know they don't have to pay too much attention to america she's going to as the them to continue to to finance america and china is going to say you america have to do something about your debt situation because we don't like what's going on so she will be on the defensive and rightly so so what is a likely scenario for developments in the united states i mean as you know the republicans and democrats in the u.s. have until next week to strike a deal out of us will be unable to pay its bills so is that a foreigner a real possibility in that situation i

this is directly opposite to singapore's approach. the united states also suffers from serious problems with illegal immigrants, many of whom are trafficked by well-organized criminal gangs which seem to operate with impunity." singapore, our friend, our ally and an advanced governmental system by any determination, then says, "on any objective cee tear ya the united states has a more -- criteria, the united states has a more serious t.i.p. problem compared with singapore." why are they angry? why do they feel they have not been fairly evaluated? because they are evaluated against themselves by standards that may not apply -- and they are not alone; singapore is not alone. the last report showed that nigeria got a tier 1 rating. japan government a tier 2 rating and singapore got a tier 2-watch list rating which means they could be in danger of losing a lot of governmental interactions between our two countries, if it continues. did they rate a tier 2 -- if we had a standard where we were a valuating all countries' systems against one

i mean what's going to look like for those of us who can't move to singapore we're all going to continue to get deeper and deeper into debt and we see they've been spending a lot of money and the people who've been receiving that money think they're better off and they probably are they've got more money in their pocket but the overall situation lucy is getting more and more serious america's now the largest debtor nation in the history of the world this cannot go on forever yes of benchley the creditors are going to say listen no more debts the end of the line you think the problems are bad now you wait till we don't have any more credit you wait to learn the currency is collapsing you wait till interest rates are going through the roof and inflation is going through the roof it's not going to be a pretty picture there's going to be social unrest it's going to be a mess but we better deal with the sooner we deal with it the better if we deal with it now or last year or even this year we might have a whole question of some periods of very very painful periods then we can start over but a