prime minister is an advocate of turning singapore into a garden city. at thursday night's opening ceremony, he underlined the significance of the project. >> this is just one example of how we're transporming singapore's living environment. it may be a densely populate city, maybe one of the densest in the world, but we are determined and our people should be able to live comfortably, pleasantly, graciously. >> reporter: after five years of construction, first phase of gardens by the bay is finally open to the public. and behind me is one of the highlights of this garden. tree-like structures called super trees. like real trees, the futuristic super trees offer shade from the sun. they are also convert sunshine into energy using solar panels on top. this domed glass conservatory is 38 meters high. visitors can enjoy more than 2,000 different species as they stroll along an aerial walkway. and that's only half of the planned 100 hectare facility that was open to the public today. >> it is the first tropical public garden that is done by people who live h

china and singapore will not be pe penalized even if their institutions do business with the iranian central bank. secretary of state hillary clinton said u.s. officials granted exemptions because the countries have significantly rue du -- reduced the amount of crude oil. they enacted a law that pe penalized institutions. u.s. leaders hope to pressure the iranians by choking off all revenues. european officials coordinated with the americans. the old embargo will take effect on sunday. clinton said iranian leaders will understand more fully the urgency of the choice they face. 20 economies, including china and singapore have qualified for sanctions. -- exemptions. >> off the harmful effects are ripling around the globe. they have even reached china, the world's second largest economy. >> reporter: this french newspaper tells the story of a chinese businessman buying a respected french winery. the buyers' company is headquartered in the autonomous region in inland, china. beside wine it makes med icinal liquor. the winery sold for about $12.5 million. acquisitions like this are often

three times more than in 2010. 90% went to singapore. last november, a promotional event was held in singapore. since then, there's been a surge in exports of omi beef. this is one of shiga prefecture's top cattle ranchers. he first started exporting to singapore four years ago. after demand in japan stopped growing. now he's got his eyes on another market -- thailand. >> translator: bangkok is the business hub of southeast asia. that's why i'm looking to start shipping there. >> reporter: he sees thailand as an entry point to other southeast asian markets such as vietnam and malaysia. two countries that are taking part in the transpacific partnership talks. bangkok now has over 100 restaurants serving beef barbecue. it's becoming widely popular. in may, he went to bangkok to discuss marketing strategies with local trading companies. they decided to focus on beef barbecue restaurants and supermarkets already selling high quality beef. in some supermarkets they've set up counters. the beef is cut to order, as much or as little as needed.

three times more than in 2010. 90% went to singapore. last november, a promotional event was held in singapore. since then, there has been a surge in exports of omi beef. this is one of shiga prefecture's top cattle ranchers. every year he ships 1,000 head of cattle. he first started exporting to singapore four years ago. after demand in japan stopped growing. now he's got his eyes on another market, thailand. >> translator: bangkok is the business hub of southeast asia. that's why i'm looking to start shipping there. >> reporter: he sees thailand as an entry point to other southeast asian markets, such as vietnam and malaysia. two countries that are taking part in the trans-pacific partnership talks. bangkok now has over 100 restaurants serving beef barbecue. it is becoming widely popular. in may, he went to bangkok to discuss marketing strategies with local trading companies. they decided to focus on beef barbecue restaurants and supermarkets that are already selling high quality beef. in some supermarkets, they set up counters. the be

the philippines, singapore, and vietnam, my people. to have with us tonight, mayor ed lee. as a city is a minister, he represented gavin newsom in defending this city's proclamation. and a new chapter in asian pacific american history when he was elected as the city's first asian-american mayor. ladies and gentlemen -- all right, join me in welcoming mayor edwin m. lee. [applause] you have your own crowded back there. the m. in your middle name stand s for ma. >> thank you all for coming. i'm glad to be here on the eighth time we've celebrated this, and want to give a thank- you for helping us put this on. thank you! and of course, i join here as part of an official city family. thank you for being here. he is joined by supervisors carmen chu, jane kim, and eric mar. our elected officials, jeff adachi, the public defender, the recorder assessor, hydra mendoza, and emily murase. we're also thankful for the chief of police, thank you. i would like to also acknowledges someone that has been a very special friend of mine, someone that has

they met in singapore for the so-called shangri-la dialogue. they focused on something of concern to them all. the new u.s. military strategy for the asia pacific. >> and by 2020, the navy will reposture its forces from today's roughly 50/50 percent split between the pacific and the atlantic to about a 60/40 split. >> security analysts believe leaders at the pentagon are trying to counter the weight of china. chinese officials are building up their navy. their neighbors say they have become increasingly aggressive. officials in china and the philippines, for example, both claim sovereignty over the scarborough shoal in the south china sea. they've been locked in a maritime standoff for nearly two months. still, panetta has dismissed notion that the new strategy targets the chinese. >> all of the u.s. military services are focused on itch letting the president's guidance to make the asia pacific a top priority. >> the chinese defense minister did not attend, though officials in beijing won't say why. instead, they sent a senior official from a m

they met in singapore for the so-called shangri-la dialogue. they focused on something of concern to them all, the new u.s. military strategy for the asia-pacific. >> and by 2020 the navy will reposture its forces from today's roughly 50%-50% split between the pacific and the atlantic to about a 60/40 split. >> security analysts believe leaders at the pentagon are trying to counter the weight of china. chinese officials are building up their navy. their neighbors say they have become increasingly aggressive. officials in china and the philippines, for example, both claim sovereignty over the scarborough shoal in the south china sea. they've been locked in a maritime standoff for nearly two months. panetta has dismissed a notion that the new strategy targets the chinese. >> all of the u.s. military services are focused on implementing the president's guidance to make the asia-pacific a top priority. >> the chinese defense minister did not attend, though. officials in beijing won't say why. instead they sent a senior official from a military rese

they not singapore for the so-called shangri-la dialogue. they focused on something of concern to them all. the new u.s. military strategy for the asia-pacific. >> and by 2020, the navy will reposture its forces from today's roughly 50/50 percent split between the pacific and the atlantic to about a 60/40 split. >> security analysts believe leaders at the pentagon are trying to counter the weight of china. chinese officials are building up their navy. their neighbors say they have become increasingly aggressive. officials in china and the philippines, for example, both claim sovereignty over the scarborough shoal in the south china sea. they've been locked in a maritime standoff for nearly two months. still, panetta has dismissed the notion that the new strategy targets the chinese. >> all of the u.s. military services are focused on implementing the president's guidance to make the asia pacific a top priority. >> the chinese defense minister did not attend, though officials in beijing won't say why. instead, they sent a senior official from

cross to john young chong he's an assistant professor of political science at the national list of singapore thank you for joining us here and i take firstly china and russia's economic ties are developing rapidly with both expanding their national currencies as opposed to the dollar how important do you think that is in times of global economic instability. i think what the two countries are doing is probably to act as a hedge against any instability in the u.s. dollar which is perfectly understandable given the fact that you know the u.s. economy seems. the recovery seems slightly shaky but i think even then there is it's not possible i think that the two countries have a clean break from the u.s. dollar in part because the chinese yuan as you know is not for me floating and part of its value is sort of. tied with us to now try to has expressed concern over a u.s. plan to sift most of its warships to the pacific region by twenty twenty does beijing have grounds to be worried. if i remember correctly the first statement

the singapore tourism board -- there is something for everyone. singapore airlines -- a great way to fly. poongsan corporation, forging a higher global standard. the ctc foundation, afo communications, and the rotondaro family trust. captioned by the national captioning institute --www.ncicap.org-- >> the book is that some of the terrific on so many different levels, not only to get to know the queen, her family and how it operates, but also some of the history. people know of the movies in the last couple of years, "the king's speech" which i gather the queen has seen. >> she has. >> going back, her father was george the sixth, and he took over because edward decided he did not want to be king. the king died pretty young and she becomes queen at the moment of his death. she was 25 years old. >> 25. >> home-schooled. in the war she helped out her father. she was a mechanic. >> she learned how to believe brakes android 8 two-ton truck and change tires. >> it was home-schooled. >> it was, which was typical of women in the aristocracy and the royal f

they are traveling with the secretary in singapore. this is the secretary panetta's first speech outlining the strategy in asyampt >> some increased empcise by the united states, and asia specific region and some kind of challenge to chin a. i reject that view entirely. >> panetta said it was not designed to contain china, but announced the u.s. would shift 60 percent of the assets to the pacific ports. >> that includes six aircraft carriers in this region and the majority of the cruisers and destroyers and combat ships and submarines. we'll retire older navy ships and remace them with 40 more capable and technologically advanced ships. >> natal defense asked if they could do the shift tasia with the budget cut. >> retiring ships and we are having the smallest navy since the beginning of world war ii. it is a reality. before that commitment . and and and that is a serious plan. which ever the commander in chief. and it is military support. to the syrian. senator john mccain critized the obama administration for not leading to stop the

this is time lapse footage from a cockpit of a plane going from melbourne to singapore.ormally it takes about eight hours. once the plane is aloft, you seize these guys -- >> i'm just glad they're not texting or playing gameboys. >> the hands haven't been on the y yoke since about 10,000 feet. it's neat to see the cockpit at night when you're all lit up. >> how do you know where you're going? >> those little things right there. >> flying blind. >> coming into singapore is neat to see. the cockpit lights go dimmer so they can see the lights of the city and the runway. >> yeah. >> once they touch down, the cockpit lights come back up and to the gate they go. >> i wish it happens that quickly. that would be so much better. >>> i found this next video in our of course this was going to happen file. this is a ukrainian reporter. her task was to go out and catch the atmosphere ahead of the holland/german soccer game in the euro 2012 cup. so she decided to catch some of the color of the holland fans marching toward the stadium. you know they're not going to avoid the camera. >>

in singapore. in china. india.e's been very good at creating jobs. >> i'm not familiar precisely with what i said, but i stand by whatever i said, whatever it was. ♪ >>> we begin with the invisible mitt romney haunting the presidential campaign trail with strange echoes and mysterious vapers, but very little of substance. in this week's supreme court decisions have brought yet another example of mr. romney's unique able ility to divert and ignore. well into the second day after much of arizona's immigration law was struck down, governor romney broke his silence this afternoon to deliver the same statement that his spokesman gave more seven minutes on the plane yesterday. >> the supreme court had to step in because states had to step in. states looking to find a way to solve the problems he didn't address tried to address it in their own ways and now, the supreme court's looked at it and what we're left with is a bit of a muddle, but what we know is the president failed to lead. >> bit of a muddle. interesting mitt

we have also learned that he has moved to singapore and he has renounced his american citizenship. this is solely because he will thereby avoid, literally, on millions of dollars, $67 million or more in taxes that he would owe on the billions he has realized as a result of the ipo last friday of facebook. he helped mark zuckerberg build facebook. one of the great products, the three technologies -- the great technological advancements in this country helped him to do it. the other story is it perhaps the more encouraging one. it is about orlando and graduated from an institution here in connecticut just a short time ago, the coast guard academy. he is a refugee from haiti. he came here at the age of sex. after leaving haiti with his mother on the boat that drifted into the sea near the coast of florida where he and his mother were rescued, near starving, desperate for food and water, desperate for teh united states. they were rescued where they were completely desperate to be saved. after he arrived in the united states, his mother was diagnosed with cancer. orlando was raised by t

tonight, we go to singapore.ere a pastor was charged with stealing $18 million of his flock's donations. the pastor is accused of using the money to jump start his wife's singing career. dub her asia's answer to madonna. now, in singapore outside the church. >> reporter: you could call this the case of the pastor and the pop star. the founder of this massively popular church is accused of siphoning millions in church funds into an elaborate investment scheme and putting $18 million of that into his wife's singing career. she hasn't been charged in this case. ♪ one of her best known videos is this one for a song called "china wine." the pastor and his wife have said her pop music is a way of attracting more people to the church's message. the church donation website remains open. the church asked the public not to prejudge. >> all right. next, egypt, where a british student revealed on her blog that she had been sexually assaulted by a mob in tahrir square this week. she recounted how an ambulance sent to help her

secretary leon panetta is currently on a nine day trip through asia over the weekend he stopped in singapore for the two thousand and twelve shangri-la security dialogue and this week he'll be making what's considered a historic visit to vietnam now it's all part of this strategic shift that we've been hearing so much about from the pentagon shifting towards the asia pacific region and panetta made clear that by two thousand and twenty about sixty percent of the u.s. navy fleet will be assigned their fleets going to include six aircraft carriers a majority of u.s. cruisers destroyers littoral combat ships and submarines but he was also adamant about saying that this move is not meant to intimidate china except it's not just china that finds that a little hard to believe so joining me to discuss this is robert farley assistant professor at the university of kentucky and blogger at lawyers guns and money robert thanks so much for joining us tonight and you know tell me first i mean you know i was poking about this a lot especially when we first saw this strategic review come out and they forma

the only hedges we do head off cost in singapore and the uk.t's not something we would seek to hedge. we think we have a natural hedge in the shape of our business. >> hi, this is gina sanchez from roubini. >> hi. >> there is quite a bit of expectation for chinese stimulus. first of all, do you think there will be more stimulus? >> i think what we're seen from chinese authorities is cogent response and we've seen that throw lower rate environment and liquidity reserves, therefore, credit capacity into their banking market. the interesting thing about china is they have a depth of financial reserves that they can deploy. and their policy tool kit remains very full. it's a very different picture from that xh we see in the west. our expectation is that they will continue to deploy that tool kit well and that it will manage essentially a soft landing and certainly not a hard landing in china. >> richard, we've seen commerce bank exiting shipping line business. what lines of business are you seeing most impacted either by capital changes or trouble

on the line from singapore is roman scott. chris, to you first. the eurozone data follows the china pmi reading that was much weaker than expected. what jumps out to you from these reports? >> what jumps out, everything seems to be turning down. we have an upturn in france and that's the only sign of life. so, generally everything is looking weak and when you look at the forward looking indicators they are looking poor. so business expectations in the service sector about a year ahead in germany a record in the whole history of the survey. in the eurozone it fell to a great extent since the aftermath of lehman's collapse. things have taken a turn for the worse. >> in the u.s. we saw a softening that fell to a recessionary level but never slipped into a recession. is there in your view a similar possibility that sentiment has over corrected or we're talking about deeper recession? >> one thing is we're not back in 2008-2009 levels yet. we're approaching them but by no means that level of recession has been signaled. germany is moving into a mild de

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