singapore among the top of the hour. it looks like it will open on the upside.e markets that are open. 1% asx 200 is down 1/5 of but gold miners are among the gainers. over in seoul south korea, the cost being -- kospi is higher in it is a chilly day there seoul. s it for "first up"." ♪ >> good morning, everybody, this is "on the move," live from hong kong. protesters are trying to bring hancock to a halt. bangkok to a halt. the heat is on. the australian open is underway in melbourne. it is a holiday today in japan.

let's talk about hong kong and singapore.pore was described as the most volatile country in the year. >> absolutely. i've seen seven major downturns. that's surrounding. 5% was surrounding it. we've had downturns 60% to 70%. but that's not likely to happen this time. because you've got 70 in place at the moment. that has stopped the bubble get worse. >> that's exactly that's been happening. if you look a the last 12 months or so in both singapore and hong kong, lots of property cooling measures have been put in place. what happens in hong kong is the volume has just collapsed. >> nobody's buying. nobody needs to. but the volumes are less than they were at the time of saab which is a major crisis. the measures have worked but they haven't driven places down but not prices. so that i think is a pretty good result. the authority should be quite kftable with that. >> i was going to say, is it the same example? >> absolutely. singapore has the sake issues. but it does tepped to follow the same kind of path. of course, you've got t

we hear from the singapore in mp who wants to sack the country's full scenes with its main events they sold that day now. this time. the hawks how many plastic bags to use music as the week. most of us can hardly remember highlights a problem or tasting of course to keep our incredibly convenient but a sole business in using toxic products has already floated into the big about this problem one that gets class everyday. his look at some sites that will actually make us think twice next time it's the position of the weather was like the back. everyday he ruled the world over use plastic shopping ethics there likely are twittering an often come for free the channel harmful or plastic bags to put went every year more than six hundred billion plastic bags of manufactured worldwide. i support percent of the crude oil consumed globally every year ends up in plastic that next. the toilet use of fossil fuel supplies are slowly coming to an end manufacturing and shipping applies to the next requires large amounts of energy. it also causes sixty tonnes of steel to emissions every year the averag

hong kong and singapore are in the mix here. and what do have is developing course, itgetting of is a market open in hong kong and shanghai. details are next. >> looking to raise some of the polls of the previous week. asia-pacific market start off on the up. metal prices jumping to the highest in a month. withe have the thai baht protesters trying to bring bangkok to a hold. shanghai starting off their anomalies.h a few >> volumes are quite low. fairly weighted indices year. then again, we are seeing an image gains across the board. these were the losses that we saw on friday. futures are indicating -- the shanghai composite has lost every single day so far this year with the exception of january 7 when it was up an astounding .1%. we will see how these indices play out. have some use out of china. china is telling companies those of you with market caps or value less than your net asset value among buy up your own stocks. discreet way to tell companies that they are undervalued at this time. the hang seng index is up. related

it took me seven years to get singapore as a root. patience is a virtue and the prizes big if we get it. >> can we have a timing? >> i hope we will hear something. i hope we keep the airline out by the end of march. >> they plan to trigger a rise in inner-city rises. this could have an extremely big boost the economy. we are watching one of toyota suppliers. capital spending will probably go 12% next fiscal year. shares right now for toyota is up a set of 1%. toyota shares are up happy person. ok. do you feel it? those animal spirits are in the air. companies are showing more theirence in meeting cash. we talked with john dawson this morning about all of the deals in the m&a space. mia sani is here describing why the environment it so frothy for the animal spirits to exist. >> in keynesian economics there's this reference of animal spirit that talks about the human emotion that drives investor confidence. that is what we have here. investors are a lot more optimistic. they are looking to boost spending and their views. you are talking

for enterprise trade and employment richard burton's to participation in chile trade mission to singapore next month. colleagues from northern ireland and the uk is hoping to start stripping two kinds. in recent months a british indie government of me and several references to the healthy state of the relationship between the administrations and the news at this joint korean initiative. here's proof about. it has emerged that two months before president higgins makes an historic first be a visit to the uk it follows discussions between the patient and the canny and the british prime minister david cameron the next month the enterprise minister richard brittain along with the storm and kind to park arlene foster and the british transport minister who participate in a trade mission to singapore the first time this kind of corporate event or cause problems. writing is very hard to get outcome of the peace process. it means that the union sector where all the jurisdictions have an interest rate elaborate sting that would bring jobs and opportunities to all of the jurisdictions. ministers will

that is the scene in singapore. times industry so down 1.6%. , seeing a 2.3%ng drop as well. local debt is seen as a major threat to the chinese economy as investors seek to understand the extent of liabilities tied to shadow banking. that is the subject of today's global outlook. here is zeb eckert. >> foreign investors are working to get a handle on china's massive municipal debt load. whether years of excessive lending may come back to haunt the government. the warning signs may already be there. let's take a look at what is happening. the government may have to cover about half of the repayments tied to a failed trust. half $1st worth nearly billion, $496 million. what we are hearing from sources is that the government would likely take a 50% stake in building this out and banks would be responsible for the rest. if you extend this presented nationwide, it suggests that local governments in china face an extra 4.7 trillion yuan of new potential liabilities from locally issued trusts. this will put further pressu

singapore's main index fell to almost a five-month low. the euro down to a two-month low against the yen. right now euro/yen is around 139.18. analysts say some market players are wary of the possibility that upcoming inflation data out of germany may come in lower than what they are expecting. this is putting a bit of pressure on the single currency. meanwhile dollar yen is quoted at 102.30. market players are waiting for the fourth quarter gdp data due out later today. the turkish lira is extending losses against the dollar, erases all the gains made after the central bank raced the key rate to stop the lira from sliding further. >>> analysts say the fed's latest move could prompt a risk aversed action. we got some comments on the outlook. >> translator: the further scale back of the fed's bond buying amounting to $10 billion was within market expectations. but the fed's statement didn't mention anything about the sharp declines in the currencies of emerging economies. that triggered investors' concerns. >> tom muir rah says volatility i

coming to usrkin, from singapore.ands of leaders and business tycoons are heading down from the mountain tops. of the bigome takeaways? we will have the news from v him andos.acv ♪ the financialn markets the surprising according to the goldman sachs ceo. stocks had risen in value so much it would be a normal -- abnormal not to see some consolidation. >> right now one of the macro themes in the market is that emerging markets are under some pressure. why not? they are higher yields. they are riskier. people know what they're getting into when they have them. the growth potential is so high they are attractive. they will go through starts. this is an example of each country has their own dynamic. coo echo thechs sentiments and we have seen moves like this before. >> this is not extraordinary movements in the market. we have seen movements like this before. member what we saw when been started on the tapering speech middle of last year? we saw one hundred basis points. we have seen the tenure move about 25 basis points.

already has free trade relationship with the u s status of that new zealand and singapore both of them inspired to how the money to compete in our mind is a very good beginning for taiwan and i hope taiwan will build on the successes and onto the tee pee pee personally i would like to see washington be a little bit more proactive in expressing its support for taiwan's entry into the tee pee pee even if it's not on the us decision. but i'm not aware currently of what the negotiations there may be going problems. so there may be some good reasons why that's not happening at this moment on but i think that should certainly be easier than the term goal and intermediate school football sites noodles. finally before you in this part of the program. a woman chiefly in the last four plus years no asking can you know pink tile wall. what you think the major problems that have seen in tears come and heal us making our domestic market while open and the government plea leading role in terms of educating the. specially the corporate sector about the importance of deal making taiwan morning can act

julie woods joins us now, again, from singapore with more. julia, how much of a boost is this going to be? and how in practice are the console manufacturers going to get their products into the mainland? >> this ban was put in place to address concerns about the online gaming addictions. pc gaming and online gaming in china are huge. according to a major industry body, the total number of video game users in china is 490 million. that's more than a third of the population there. video game revenues, meantime, were up 38% in 20 11 hitting a $14 billion mark. interestingly, though, game consoles accounted for a minuscule $15 million of that total. now, while these numbers make it sound as though there's plenty of room for growth, analysts are skeptical about what this will mean for the industry. there are two main issues. first, anyone who really wants a console can bring it in through the taiwan gaming market. secondly and probably more importantly, even if sales did take off, sony and microsoft don't actually make much money or any money on t

you can see taiwan, singapore, malaysia. the performance of stocks falling the most in japan and i will show you the high chart in this early stage of the new year. red across-much a the-board. industrials and consumer goods are down. they have fallen the most by the most. you have a fixed line of 1.4% and consumer services down. no news on that. clearly falling as well. you have the fed talking about how the fed must be aggressive in tapering 10 billion a month. anda stocks are falling travel and leisure stocks. tokyo stocks and -- the tokyo dome is falling. is seeing a decline. tech stocks are falling. not a great start to the new year. >> we had a fantastic 2013. cheers, john. acc is coming. miss their earnings estimates for the colander year -- calendar year. it seems that things are coming off the rails. >> you can blame it on the sales figures. they launched their biggest phone launch last year and it was really disappointing and not getting traction with consumers. halted the, it has nine quarters of sales that are de

singapore straits are seeing slight gains. hyland falling. it is down so far this year down. -- thailand it is down so far this year alone 66%. toit has been a rocky start 2014. the question is what is to come for the rest of the year. what is the answer? >> we have only had three days. gauges in hong kong, a guarantee these things will change. point, 10% gains. we have dropped three percent. you could say they are thinking a 20 or 30% rally for 2014. the index is down five percent this year. forecasts,oss these i gets -- i guess it is a common message that it will be better. and it is likely to rear its ugly head, which could put more pressure on the supply of cash. relating to following house prices, rising bond yields. stress, anygns of pain that is unexpected. something actually could happen. >> there is a lot of optimism about these reforms. is driving part of this bullish story. another is the valuation. how kong is very cheap. does that compare to the rest of the world? >> third cheap. -- dirt cheap. valuations in hong kong are the che

. >> when people talk about asian gambling, they talk about macau and singapore.ow does the philippines fit into the mix? . we are trying to fit in. most of our revenue comes from chinese highrollers, either from singapore, taiwan and china. that is what drives the market and that is what we cater the business to. we have to grow our infrastructure. we have a competitive facility. other than -- other things did to follow. >> how long will that be? >> another 5-10 years. >> in vegas, they like slots. they like blackjack. do people play differently? is noopinion is vegas longer about gambling. about -- it is about shows. gaming revenue is flat. >in asia, it is about the gamin. >> will change? >> i'm not sure. we have a casino already and to come up with shows -- is a big investment, $100 million to $200 million. >> who are the main people visiting your casino? >> we have the mass club which is local. ethnic chinese from all over asia, whether china, taiwan, this is the bulk of our business. >> let's get to your ports business. -- has it been an happy new and how can

you know, las vegas is recovering singapore is doing well.he cow just hit it out of the park with gaming revenues up to $45 billion, mgm resort's ceo calls those huge results. what's next? japan, where gambling in a casino is illegal but legislators pushing to change that especially with the 2020 olympics coming along and they need money. all major companies have been there for years, sands, wynn, caesars, mgm. japan will be bigger than vegas. >> i believe that the japanese process will be similar to the singapore process, it will be very transparent. it will be specific. it will be protracted. it will take a long time. and everyone is going to say they have an inside track. no one has an inside track. we don't have one. our competitors don't have one. the only one that knows for sure what will happen are the people that live in japan today. i'm not sure they know exactly how this is going to play out. >> okay. taking a look at how mgm shares have performed over the last year, murren says here at home you have to pick spots. the company just

live from singapore. ♪ >> good morning, welcome back. monday morning and some events we are following for you this week. tuesday, the imf gives its update on the state of the world economy. in october, the imf protected goebel -- global growth would pick up in 2014. last week christine lagarde indicated an upgrade is possible. is alsotical standoff one we're watching in bangkok. prompting a second straight rate cut when the thai central bank meets wednesday. rising currency, will it hurt hyundai? results are due the 23rd of january and analysts expect profit rose 20% last quarter even though the carmaker has warned. the big topic of discussion, legalizing casinos here. we are also looking ahead to china's fourth-quarter gdp today. our bloomberg so they expects growth strode -- slowed. let's get more on the week ahead in asia with our guest. he joins us live from singapore. good to see you this monday morning. hope it was a great weekend for you. >> very good. >> will it be a good week for china as we get fourth-quarter gdp coming out? it

and hong kong are part of this which is singapore is we could start calling chaffed the nafta calf to show. it's actually stole that from it's. the the phrase but do what. so you so this is this is you know we're like def-con four here. in the in the happening or so we have left what can and should people be doing to really big things one we need to spread the word so go to basically your friends your coworkers your colleagues and make sure they know about c.p.p. and fast track and a really good sort of one stop shop is. expose that c.p.p. door that's. supposed to work that leads you to actions that are fast tracked that tells you about the t.p. really good stuff second thing get with your members of the house of representatives democrat republican alike from the house we're going to vote no or lori wallach thank you so much by the way there will be more than thirty four planned demonstrations against the t.p. across the country this weekend major events will be held in chicago san francisco dallas oregon for more information you can also go to trade justice dot ca. jan thirty one com

li sixuan joins us for the reaction in singapore. hi, sixuan. >> hi. thank you, ross. so on the back of the pboc's cash injection, the shanghai composite rebounded from a six-month low, up almost 1% to stand above the key 2000 level. industrial stuff and financials all rallied. and with gains in h shares, which are hong kong listed china companies, the hang seng index in hong kong gained about 0.5% today. in japan, the nikkei 225 ended by about 11 is% at the dollar regained lost ground against the yen. south korea's kospi ended higher by 0.5%. miners took a beating in australia, but gains in banking stocks helped send the asx 200 higher by 0.7%. as for individual work, we talked about the cash injection. let's take a look at chinese lenders. they trade modestly higher in the mainland, but clocked in stronger gains on the hong kong bores. so the big lenders, ccb, icbc, bank of china and abc all gained over 2% today. >>> in japan, marine transports outperformed on a nomura upgrade and the stock gained 278% today. but on the other hand, a&a was among the biggest losers to

li sixuan has more for us in singapore. sixuan. >> thank you, ross. japan's nikkei 225 ended down by 11.5%. ross mentioned china's inflation data coming in at a seven-month low giving markets a boost. but over in australia, the asx 200 ended higher by 0.2% thanks to an uptick in retail sales data. the bank of korea and bank indonesia both kept rates steady as the kospi lost on some earnings fear and the composite closed flat ahead of the decision. chinese oil stocks buck the down trend. offshort oil soared limit up after profits having jumped 220%. other oil companies made a strong value today. back to you, ross. >> thanks for that, sixuan. >>> now, the u.s. federal reserve is going to proceed cautiously with its tapering of asset purchases. some members expressed concerns tightening may be interpreted as a signal the t signal bank would taper quicker than initially expected. and while investors are focused on that when they came out, a little later they'll be focused on the ecb. the majority of economists in the media pekt the bank to keep its main r

singapore. -- when does everyone shift to singapore?ot enough money. >> is bank of america going to move to singapore? >> the market opportunity and china is still so great. if you have got to pay your staff more to be there, you do. growingid china wind up as fast as it wants to grow but curb pollution? a huge part is manufacturing, what is the fine line? >> this is one of the reasons why china's economy needs to rebalance. we have seen growth driven by heavy industry and manufacturing, energy intensive. the costs of that are becoming clear. >> i am sure you have read "the pollution black," on in china. what will be the catalyst? they get out of coal into the other stuff? >> china is already moving into sustainable energy. >> are they getting out of coal? >> it is hard to do so, china is sitting on a massive amount of coal. the economy is demanding more and more energy. we're still looking at a huge, coal driven energy. >> tom orlik, breathe and that clear new york city air. this is a big deal, pollution. >> when i lived in hong kong,

singapore airlines diverted the plane with more than 400 passengers to an airport in azerbaijan.abin pressure and was flying from london to singapore. >> walt disney's animated film "frozen." was headed for the top spot in the u.s. and canada. it is in its seventh weekend in theaters. it topped the latest installment of "the hobbit" which has held a spot for three weeks. >> the popularity of the ford focus helped companies sales expand faster than any major competitor. >> latebreaking news over the last couple of minutes. angela merkellor has heard herself quite significantly. the scooter berlin and our correspondent hans nichols. >> she will be in berlin and will not be traveling for three weeks. it is a hairline fracture. the important thing about this for the next three weeks is that no travel. she did have some travel plans. she will be staying in berlin. we will be listing to this press conference and finding a little more and how serious it is. it seems to be some sort of injury to her hip that she suffered from cross-country skiing. guy? for threeresting weeks in berlin. d

. >> yes, even in japan actually, not in china, singapore where 40 percent of graduates are jeeshz and the problem is that the pace of technology and change is moving so fast because, you know, china, india, korea, and other countries can make wonderful things, and historically we were able to export them but now you can only export something that is miles better than they are making because they are make it much more cheaply so we have to make much better things. >> rose: better. >> and so we have got to do this much more quickly and make bigger leaps. >> rose: and the question then becomes are they going to get better, are they going to get better so that they are both god and cheap? and, therefore, leaving the west? >> leaving the west behind? >> that's exactly what has happened, of course, manufacturing has declined in england at a phenomenal rate and that is happening here and we can get that back if we have wonderful engineers and scientist coming out of the university we can win this race because the value added is not in the manufacturing any longer, it is in intellectual prope

when i say crooks, they sent 585 checks to one address in singapore. [laughter] they sent over 850 checks to one address in lithuania. now, on one level you have to ask yourself, how you ended up with a government so mindless and so incompetent that it could cothis. $4 billion isn't big money, if you had to choose between giving it away to crooks in lit lithuania and singapore or spending it at national institute of research. i argue it would be dramatically better to spend on research. i know, this is a bold, "outside the box" unfair, you know, -- [laughter] it drives me crazy, the congress is, to the best of my knowledge, no serious earth to think this through. i'm writing a paper right now i'm going to callover" sight hearings." a group of senators get together, senators or house member and they pontificate for the opening hour. it's really bad. i can't believe how bad it is. i'm embarrassed. then the bureaucrats come in and say, well, this is not quite as bad as it seems. it is pretty bad. we feel bad about how bad it is. we want you to know we tak

it makes almost two thirds of the revenue outside of singapore.ed figure for japanese car sales. till you just all sales declined 1.7%. honda sales rose nearly 2%. we are short of expectations. honda did manage the second best year ever in the united states. nissans and december sales climbed 11%, the most among the six biggest automakers. it still missed estimates. let's take a quick check on the carmakers on their first day and trade this year. down. is it missed expectations. still with the 11% jump. it is jumping on the nikkei. over to a story that we have been monitoring since last year. they have stepped up their campaign to shut down the thai capital of band talk -- bangkok. how big were the latest demonstrations? what does it all mean for that city as we run up to january 13? you.od morning to we stock thousands of people marching through the streets of the capital yesterday and what they consider a warm up to next week's main protest. that is when they vow to shut down the city as blocking intersections. it is in a bid to force the prime

. >> the real problem they have even in japan, not in china but india and singapore, where there arees -- the problem is that the pace of technology is moving too fast. korea,nd indonesia and other countries can make wonderful things and historically we rarely export to can make it they much more cheaply so we have to make it much better. and so, we have to do this much more quickly and make bigger leaps. >> the question becomes, are they going to get better so that they are both good and cheap and therefore leaving the west behind? >> that is exactly what has happened. manufacturing has declined at a phenomenal rate. but we could get that back if we use our intelligence, wonderful people coming out of universities, and we can win this race because the value is not in the manufacturing, it is the intellectual property. to win the export race, we have to have better technology. everyone wants technology, everywhere. >> and you have to have a culture that encourages technology and build on the innovation that it already has. >> the problem is not only that we need engineering, with sho

these ice sculptures can be found here in singapore. three meters a year for the snow when i spoke to her on the trees. it is. such great numbers. just one listen to or play. what's so special. the soul alone to pray. it's sth. only a certain species of fun memories for can form the core of these little monsters. these trees thrive here particularly around monkey's so. i the also about two to three centimeters in length remain green throughout winter. with the beatles packed tightly together memories for becomes a magnet for the snow and ice we're in using time lapse photography. we can see these ice sculptures for me. we are here in the wind blows from right to left on the ice formation is left behind the last year in the air is frozen instantly as the trees are battered by strong winds you know. she changes along with the wind direction. juju is modified in an instant you are. senate leaders offered night. lee. i'm. with this. also this. memories for her. lightning together to create that usual. cz. stormy wind. these are his creation

bumped out of the top ten three economies of the world, hong kong, singapore, australia, don't even getarted on t estonia. we should own this list. >> we were just ahead of bahrain, i've been there, freedom was not the thing that came to my mind. we're right next to them on the list. i mean, when you go to social studies class they have the long span and it shows you freedom on one end and equality on the other. i think that is what this is all about. we moved in this direction towards economic equality, equality outcome, and we have sacrificed our freedom for that. and you have to wonder what that means. i think it means a less productive society. if there was going to be equality outcome, why would i be here? i am sorry, i'll stay home and take a nap. >> you know, charles, i wanted to cut to the chase with this survey, what it says. i call it the where can i go that is the least pain in the ass, we are 12 on the list as the most attractive places to go. do you buy that? >> i do buy that, i got to tell you if you want to get into the list, government size is one of the biggest reasons

. >> to add to that, i think what germans were keen for the japanese to do was to attack singapore, for japan to attack singapore so they could help the war cause in the soviet unions somehow and hitler was obsessed with this idea of course of conquering the isle of britain so i think he probably thought the japanese could be used that way more effectively by way of attacking. >> it was actually very little communication during the war between the axes. >> done simmons is my name. a different topic. for several decades after the second world war, both germany and japan did all they could to sort of reintroduce themselves and re-ingratiate themselves with the rest of the world. it was a new military policy particularly in the case of japan and generally trying to contribute as much to the common good as they could. in the case of germany within 20 or 25 years their relations with their neighbors including very much occupy countries were arranged somewhere from coulter to -- cordial to warm. that did not happen with japan and still has not happened so i guess why the difference? >> you ha

but this is how we are doing, are we punching above our weight, essentially. >> that's right. >> singaporeorporate tax rates. what else did they do to put them into those positions? it must be other things. >> no, i think that both are singled out through the brick force indication, they are a highly skilled workforce. the island particularly is strong in technology. we can see that through a number of growth companies setting up their headquarters -- >> apple, linkedn. >> yes. >> also in singapore, you target specific industries as well. right? >> yes, again, it is very technology driven. and i don't know what other industries, but technologies. >> i suppose shipping. >> shipping, yes. >> that sort of stuff. okay, i think most investors looking at the report would understand that. it's harder to understand that the very top of this table is belgium. net fdi equivalent to nearly 92% of its gdp, this is a country with enormous bank collapses, they haven't had a government, yet here they are making a huge amount of money compared to their size. how are they doing that? >> belgium has had an

that's european trading in singapore sixuan tells us what's been going on today with singapore. sixuan. >> thank you, ross. a list in asian bourses, as well. and the nikkei 225 snapped a four-day losing streak posting its biggest daily jump since september last year. so ended higher by 2.7%. in china, the shanghai composite gained 0.5% today and the hang seng index in hong kong rebounded almost 1% from its five-month lows. but it's a luke warm start for hong kong electric's $3 billion ipo, ending down 2% despite being priced at the lower end of its range. south korea's kospi gained 1.3%. australia's asx 200 earned 11%. jakarta composite added 1.7%. shares of adventest plunged after slashing the company's full year guidance. but on the other hand, chinese pc giant lenovo has decided to restructure its operations, creating two new business groups, one for enterprise products and a new software and club services division. so shares jumped over 4% to near 14-year highs. that's a recap of the asian markets. ross, back to you. >> thanks for that, sixuan. now, sixuan was talking about

then singapore, australia. >> i had you stumbling. >> almost did.ll right, andrea. >> what's the saying about the blind squirrel? just kidding. i do trust this poll. i believe this poll. you know, the countries you mentioned, also the thing that separates them from us is they actually know their history and they study their history, and they study ours and what we're doing here. and it was also not too long ago that they were suffering at the hands of socialism and communism. i think the biggest thing that hurts this country is we don't teach history. if you ask most people, they don't know why we left england. they don't know why some guy in boston had his head blown off because he tried to secretly raise the tax on tea. now we have all these lawmakers doing whatever they want, nobody checks them, there's no responsibility. if we don't know why we got here, if we don't know why we fought and died, how are we going to fight for it? >> good point. eric, you know, the gallup poll, 21% of americans, the largest number identified government as it bigges

places like singapore, switzerland and ireland will have real business activities there. factories ave maybe or distribution centers or regional headquarters. the bermudas and caymans or luxembourg would be another, more just financial centers where there is no real usiness activity, there is usually just letter box companies. makes he fourth point he is it was sullivan had in 2010 pieced together from public apple had t understated its reported profits to hide the fact it was paying a than 2% on its overseas profits shine being the apple's tax avoidance schemes. these companies have tax avoidance schemes? and is that un-american? well, let me mention a little bit about apple. garage and look through the annual reports they ere not on the radar because sort of the first thing you look at is their effective tax rate to 30% which is pretty high for a multinational in their position. -- and of course many years ago apple was not doing so well a subject of an issue of tax policy. discovered just looking through the data is that even though they had a 25% rate not -- in were s

and canada, to australia, great britain, hong kong, india, singapore and slovakia. >> i'm just happy i created team mesh and did this for other people. >> reporter: several honor students like 15-year-old arman san gupta of dublin volunteer along with neil. >> he's a genius. i can't think of a better idea. than helping others you don't know. >> reporter: volunteers must be ready for anything. >> do you know who won the war of 1812? >> i remember that, i learned it in history the other day. >> reporter: what are you learning about yourself and your pomention for impact through this whole experience? potential. >> i learn anyone like me can make a difference around the world. >> reporter: this week's jefferson award in the bay area going to neil gupta. >> he says he's always looking for more teenaged volunteers to answer homework questions. >>> if you know a good student who would like to help connect with teen mesh using the link on-line kpix.com/hero. ,,,,,,,,,,,,,,,,,, >>> peppers of all kinds, that's the vegetable of the day. i love them this time of year. all the colors. great wit

the firm predicting the cities with the network, london, new york, singapore, hong kong.asia. none in the mainland or latin america. >> not surprising. michelle, stick around and robert frank who would understand clearly what was just said. when you know the best, you want it. >> yeah. i think he said an important point for the wealthy. we're seeing their numbers grow. their wealth grow. more importantly, actualturalcu becoming a nation unto themselves. more in common with fellow rich people around the world than then do with their own country. they've created, really, a country i call richistan. >> excellent book. underrated. >> call is the rootless rich, wandering wealthy. they are a tribe unto themselves. >> how many will there be in 2039? >> this is where my job security comes in. around 30 maria larosa nairs in the world now. there will be i think around 120 maria larosa nairs in the millionaires. >> those making 500,000 a year now in ten years will probably make -- >> what is the new million? >> okay. let's go -- very good point. why with give you the next number. b

the freest economies are singapore, australia, switzerland, new zealand, in canada. the highest ranking so-called developing economies on the index our chili come which is number seven, in the top 10 they are now both of these countries are not in the top 10 and hopefully by not being part of the so-called west they can be a model for others to show that the form of economic freedom knows no boundaries, knows no particular civilization or even culture, knows no race but it simply is an idea that works when human beings are involved in the charge of the economy. so it's a universal principle that applies across the world. another notable default action was in europe. it was a realignment going on in europe which i think people who follow the european economy knows very well but it's not widely known, economic freedom is advancing in 18 countries in europe. that includes, i will mention all of them. it's a long number but it includes germany, sweden, lithuania, georgia, austria, the czech republic and norway, just to mention a few. but sadly economic freedom is declini

the same thing could be said about singapore. >> you praise eastern europe.are moving generally in the right direction. you praise sweden. you praise denmark. you praise canada. you praise chile. and you pan brazil. you are so right. i have been looking at brazil. brazil is like totally going the wrong way. i mean, argentina next door is about to collapse but unfortunately, brazil which made progress, they are moving in the wrong way. a lot of people invested in brazil. they probably should get the hell out. >> people are saying brazil is becoming the next argentina. argentina is becoming the next venezuela. venezuela is becoming the next zimbabwe. >> let me come back to the u.s. because it pains me to have us dropping like this. it really does. spending has slowed and the budget caps have had a positive impact and the deficit is coming down. so, are there opportunities here? if we could have full-fledged tax reform, we have the highest corporate tax in the world. suppose we took care of that. would that move the usa back into the top ten? >> it would. it wou

math, fewer than 9% of our students scored advanced compared to a whopping 55% in shanghai, 40% singapore and more than 16% in canada. >> welcome to the new world. yeah. i mean, okay, there's the fact that you just read. now look at the rising economies in the world, the rising and falling economies. it's going to track those numbers. the beginning of the end of what we thought of as america -- i grew up in an america that had as a priority leading the world in every metric you can assemble for yourself. so this is the writing on the wall. now, why hasn't it happened sooner? because a lot of these numbers have been around for decades. i have a hype othesis. it's not good enough to only be smart at something or to score high on an exam. at some point you have to step away from the exam and say, i have a new thought that no one has had before and it's not a thought that you told me to regurgitate on this exam that you just wrote because it's a thought that no one has had before. and how do you get those thoughts? you get those in irreverent cultures. possibly that has delayed our collapse b

several countries, such as in taiwan and singapore have lower fertility rates and china doesn't have a replacement fertility rate. >> online business is booming in the populous nation. chinese ecomers is growing at the rate of 120% each year. we have this report from beijing on how consumers and traders are embracing online shopping. overseeing trade, this man is about to see another record broken in a business that's used to breaking them. started three years ago with three people, he employs 45, and is looking to move to new premises. and the net wide discounting day by online merchants across china puts him on target for another good year. >> sales for this year will be $10 million. we are hoping to go beyond 50 million. >> from food to fashion, no place on the planet has embraced ecommerce than china. it is changing the way the country consumes, with provincial china giving access to goods only available until now. >> the eeffects of ecomers has been felt in the remote corners of china. the smallest of businesses have been able to reach markets they never dreamt of reaching. maki

in singapore, finished at 3,100, lowest close in a month. shares in canada took a major hit, these include real estate developer capital land. >>> the top executive of mizuho bank will step down over loans to organize crime groups. president and chief executive officer yasuhiro sato said he will resign on april 1 srt. he will keep his post as president of mizuho financial group. nobuhide hayashi will succeed. >> translator: i believe my resignation will promote companywide efforts to improve business practices. >> sato also said he made the decision to resign after filing a plan last week to improve business operations with the financial regulators. the financial services agency has given administrative punishments to the bank twice for failing to rectify the wrongful loan practices. the agency blamed the bank's internal divisions and poor oversight by the board of directors. >>> that is going to wrap it up for biz tonight. let's get one more check of the markets. >>> every morning investors turn their attention to asia. the tokyo market lea

japan, singapore, and macau are chat intod at 84, and south africa has a average life expectancy of 49. south africand have an average life expectancy of 49. a wacky idea of dressing like clothing mannequins, striking a photo next to them, posting them on the web. one way to pass the time when you go shopping with his girlfriend. this person from brazil lost both of his legs at the age of 13, but this has not stopped him from his favorite activity, skateboarding. as we see in this video, he is extremely good at it, pulling off one impressive move or trick after another. ñmw 01/10/14 01/10/14 >> from pacifica, this is democracy now! want me and myself and what that is what i be and who it is i am going to and be here. self-determination. you could make 300 years of a blue-chip stock. you want to be

percent annually and maybe share each week six but since it's sunday a baby on the menu she jumped on singapore and the uk. i don't need to destinations for beginning sports it is that the european union to open them on. it's commendable that the ongoing suffering debt crisis and full of great books. despite these problems from the outside the european union remains a very attractive club to join several countries are queuing up to become the state's techie both me and herzegovina serbia and montenegro the eu remains committed to a partnership with each one of them. i also let him eat. it's not going so the ending is it that you think. in many of these seats about forty years of age ninety six to tie. msf two two. i was going on fourteen if i made myself and i was fourteen i wouldn't recognize this of course that person today. it's the same spot on reduce like a normal work on green st. well know everything about them and cut it off long beach. no these guys could be the same now below are the false teachers what really makes you will be interesting is the fact that these changes. you will not