than south korea is. so when you go on a tour bus to north korea as i did two years ago, they will look about them at all this misery really and try to shrug it off by saying it's like south korea was. this is how south korea was in the 1970s. there's really not a very high awareness of north korea among south koreans, not much interest in north korea. when i get classes on north korean matters at my university, most of the students tend to be foreigners. [laughter] >> interesting. one question from the audience. if somebody has left the north korean regime and besides he or she wants to go back or what for whatever reason, are the barriers to entry? are their punishments that that person expects? >> there are barriers or they wouldn't have to bribe their way back in. but on the other hand, i cannot believe that their voluntary, so many of them are voluntarily returned to the country if they know they will be punished. the question in my mind is either the regime knows that they were gone for two years and

that while south korea was ideologically tainted by maintaining so many pro-japanese former collaborators, north korea started out completely fresh. north korea purged itself of all these former pro-japanese collaborators and made completely new store. that's just not true. in fact, north korea was more welcoming a former intellectual collaborators. at least and sold some of them went to prison in north korea, nor former pro-japanese intellectual collaborators ever went to prison. and, in fact, these people, these really egregious pro-japanese propagandists went to north korea in 1945 and were welcomed with open arms and they took over leading position in the culture of characters in north korea. basic significant because no kind of denazification process ever took place. they did not receive any kind of an doctor nation in marxism and leninism because the workers party itself did not know anything about marxism. it isn't until about 1948. in the meantime these propagandists were expected to start inspiring the people with the love of the regime. they did this quite naturally in the same

when you that south korea's and it is on the smart -- resources on the smart grid and the u.s. is trying to pull together funding and we have 50 different public utility commissions in 50 different states -- we are trying to get everybody facing in the same direction. south korea has this thematic drawn-out of how much money they are going to save and how they will recycle the dollars into their economy and create 50,000 jobs a year voting appliances for the smart grid. in the u.s., because we have to discuss greenhouse gases, we cannot see that we are missing this huge competitive opportunity to get out and get a jump and the in the same place as the rest of the world for their -- jump and be in the same place as the rest of the world

auto companies going to compete 15 years down the read, and when you look at south korea's initiative on the smart grid or europe has the super smart grid and europe is trying to pull together funding towards the smart grid, we're trying to get all the utilities going in the same direction, we have 50 different public utilities cosi and each hundred has a different relationship with their different utilities, we're trying to get everybody facing in the same direction and south korea has this kind of schematic drawn out of how much money they're going to of is a, how much carbon they're going to save, how they're going to recycle the dollars in to their economy and how they're going to create 50,000 jobs a year, building appliances for the smart grid. and what you see is that in the u.s., we -- because we have to discuss green house gases in this very politicized way, we can't see that we're missing this huge competitive opportunity to get out and get a jump and be in the same place as the rest of the world, and that frankly, i find scary. and we need to start, i think, it's kind of a

it is no mistake, no accident that you have the representative from south korea sitting right next torth korea being a major player and threat when it comes to its own nuclear program. so, yes, that's a leader who is going to want to get some face time with president obama. they are obviously going to be talking about the threat from north korea. >> sharon, when you look at all the heavy hitters here around the president, next to the president, does this send a message? is it a message that's being heard by countries like iran and north korea? is kim jong-il and mahmoud ahmadinejad watching the tube wondering what's going to happen here? >> oh, absolutely. the message is loud and clear that we have over 40 nations who agree that we need to protect this material against nuclear terrorism. the message to north korea and iran consistently has been do not even think about selling nuclear material or nuclear weapons in the case of north e korea to terrorist organizations. this is really also very important the month before 180 plus nations meet in new york to review the nuclear nonprolifer

>> it is being led by south korea. we are assisting the government of south korea in that investigation. >> next, a look at the upcoming midterm elections and the red to blue program. representative don edwards, co- chair of the committee was a guest on today's "washington journal." congresswoman donna edwards represents maryland's fourth district. she is heading the red to blue program for the 2010 election. we identify can't dats running in seats currently held by republicans and we try to flip them. it's been a way to boost can't cats they have already demonstrated on their own host: your job seems even tougher. caller: it is and it isn't. part of our defense is to make sure the candidates in really tough districts hold the seat. the flip side is the red to blue program. we try to identify those seats there are some out there. there's an opportunity to change a republican seat to a democratic seat. host: are some of those red seats you can share with us? guest: sure. we haven't listed on the website. host: which is?

but check out south korea. this particular market posting 22-month closing highs led by large cap technology issues. shanghai market up. bombay sensex mutual at this point in time flat and the aussie market up 0.6%. as for the set in sighland, we continue to watch the situation there. we are told that the bank of thailand has kept interest rates understanding changed because of the political situation. we will talk more about that with our next guest, nicole. >> more about that, let me show you how futures are expected to open in the united states. dow futures are up about 12 above fair value. this is after the dow closed up 25 points yesterday for its eighth gain in nine days. broader indexes did have bigger percentage gains. nasdaq, as you're mentioning, we are looking ahead to apple to juice things up today. >> nicole, coming up next on "worldwide exchange," we talked about thailand. no surprise been the bank of tie legion holds interest rates unchanged. we'll be right back. >>> welcome back to "worldwide ex

i was recently in korea, in south korea, and frankly, the solar panels, the solar technology that is preferred in korea is american technology. so listen, price is important. but as with many things in life, price is not the only thing that a business decision is made of. we will never be the lowest cost producer in the world, but we are the highest quality, the most innovative and deliver value per dollar and that's really what buyers are looking for, particularly when you're talking about infrastructure, energy, solar energy, wind energy. >> and fred, how much do clients need help with financing? you know, do they need it to sort of be persuaded? i've got a lump large up front cost here and the benefit you get back over a long period of time. so how much do you need help with the up front financing? >> well, they do need help. one of the things that we petitioned this year and we're now able to do by worldwide agreement is to do 18-year financing for renewable energy. it was up from 15. we would like to get it as high at 25 years back up 18-year financing makes a lot more projects p

i hear a lot of talk about north korea but nobody says anything about south korea. i want to know if your guest has any information on what they have in those top-secret mountains in south korea? guest: good question. south korea was discovered to have been running a clandestine nuclear program for many years. there was international condemnation, and as far as we now, that program is no longer going on. they have tested as many as two weapons. so we know that they are a defective nuclear country. there are an example of a country that is no longer pursuing nuclear weapons. that could be seen as excess -- as a success. other countries participating in that program would be libya. host: next phone call. caller: this is an important issue. thank you for pointing out the finer parts of this. i am a veteran. seconthere seemed to be a somewt anti-israeli sentiment on your show. i want to remind everyone, if it was not for them in 1980's, with saddam hussein, things would be different. lindsey graham spoke up at a meeting a few weeks ago, and he said president obama is my

the new conference for 2012 has been announced in south korea. this is not a one-time event where we have one-time deliverables. this is an ongoing thing with significant agreements between heads of state to deliver between now and 2012 when south korea will host the next nuclear security summit. >> lehrer: what are the procedures for finding out whether or not these 47 countries actually did what they said they would do at this... in this communique today? >> well, part of it was that we have very strong bilateral relationships and multi-lateral relationships. one of them is with the i.a.e.a.. the director general of the i.a.e.a. was here and was a very big participant in this. we have both the multilateral relationships and we have these commitments that are very direct as deliverables, plus we have the i.a.e.a. in the middle of it. they certainly will be involved in monitoring what these promises are. >> lehrer: is it correct to say, madam secretary, that there was very little hard negotiating that went on here, that most of these, if not all,

while south korea raises a sunken naval ship out of the sea, just two stops as we go around the world in 80 seconds. iraq, a scene all too familiar. as baghdad mourns 69 people killed in the country's deadliest attacks this year. officials, quick to blame sunni-led insurgent groups. after the coordinated bombing targeted many shiite areas. this comes as iraq awaits the formation of a new government. south carolina, crews lifting the second -- south korea, crews lifting second half of sunken warship after an explosion split apard the vessel, killing 46 people near disputed sea border with north korea. while they denied involvement, suspicions run high that the north is to blame. thailand, the country's prime minister has rejected scaled back demands by anti-government protesters known as the red shirts. the compromise, that parliament be dissolved in 30 days instead of immediately. since rejected, the red shirt leader says there is to point in continuing ta talks. taiwan, parade unites pet owners in the country capital as they call on the public to stop abusing animals and dumping them

south korea, one search near the maritime border with north korea has now led to a second one.h korea's coast guard says a fishing boat disappeared while looking for survivors of a navy ship that sank last week. the navy ship went down after an explosion and the cause still unknown. that's a wrap on this fox trip around the world in 80 seconds. in jerusalem, they are already celebrating easter. thousands of orthodox faithful are starting the holiday with the ritual holy fire ritual. the holy fire appears from jesus' tomb on the day before easter. the fire is seen as a message that jesus is not forgotten his followers. reena my than is in jerusalem with more on the celebration. >> hi, harris, easter has officially kicked off here in the holy city of jerusalem. it began this morning with what is known as the holy fire. christian leaders lit a fire inside the holy sepulcher believed to be where christ was crucified and buried. the faithful try to catch some of the smoke. it's considered holy, of course, various christian deno, ma'am naption also take turns holding services inside.

will not have to put up with it and -- will now have to put up with a next time, it will be in south korea. >> we are learning more about the local woman struck and killed by a military vehicle. she is constance holden. she was a journalist and was also an artist. the investigation into her death is ongoing. >>> president obama's schedule is moving forward as he works to find a replacement for john paul stevens. he will meet with democratic and republican senators next wednesday to get feedback. the white house says mr. obama has about 10 candidates on his short list. >>> a controversial -- controversy as one chairman facing a $300 a day fine. the citation was issued because [inaudible] but he failed to file a permit application. his spokeswoman says the attorney is working on filing necessary paperwork. he is running for mayor against adrian fenty. also new, money is on the mind of bob ehrlich. the republican is criticizing martin o'malley and democrats for not scaling back state funding and planning future deficits after the november elections. committed democrat and republican lawmakers

. >> we looked for transit passengers, especially for china and for south asia like japan or south korea. of course, passengers doesn't have proper information. >> reporter: another challenge for stranded passengers, different rules for different airlines. >> if you are traveling on an eu-registered airline that, airline has a duty of care legally to look after you. if you are traveling on an airline that is not based in the eu, that airline does not have to adapt to the same legal requirement. >> reporter: with carriers only able to operate 10,000 flights out of a normal 28,000 on friday and fewer on saturday, passengers are stuck all over the world. >> i was coming from italy. i had to fly back on friday. you see i am here. i got to take the eurostar, but now i am driving to paris. in paris, no train to italy. everything is booked for two days. >> we should come back tomorrow, but there aren't flights and trains, so i think we will wait here until monday to see if the situation change. >> maybe i will rent a private car and they will pay, i don't know how much. this is the story. train

. >> a second summit will be held in 2012 in south korea. >> a gray day weather wise. when will the sun make the appearance again? check back now with chief meteorologist vytas reid. vytas? >> tomorrow will be better out there. we saw the rain showers today. with cooler air. and it looks like now that e front has pushed off to the southeast and tenant showers with it. we will continue to see those clouds breaking up over maryland. and it looks like a pretty decent day sitting up for tomorrow. here is what is going on downtown right now. 47 degrees. partly cloudy skies. winds out of the east-northeast at three. and we have humidity levels at 86 percent. the humidity levels will drop more as the dryer air works in from the northwest. and across the state. those temperatures had a hard time to get out of the upper 50s today. these were the highs. 58 in baltimore. 56 in d.c. 54 hagerstown. only 46 degrees out in western maryland. and oakland. but as you got into central virginia we are looking at the temperatures in the mid 60s and even 70s further south. so you can see th

applause] >> a contributing editor at the atlantic monthly teacher's north korean literature in south korea. he is the author of the reader's manifesto, an attack on the growing pretentiousness in american literary prose. visit and h pbooks.com. >> this weekend on booktv from the virginia festival of the book, rebecca on the best selling immortal life of henry and not wax. on afterwards president reagan's ambassador to the ussr and mchale gorbachev's role in bringing down the soviet empire. his book is superpower in the visions and nell irvin painter on inventing the idea of a white race in the history of white people. find the entire weekend schedule that booktv.org and follow us on twitter. >> from the 2010 festival of books lynne olsen discusses her book citizens of london. the americans who stood with britain in its darkest, finest hour. the professor of journalism at the university of arizona is the moderator of the event. >> my name is lord rosenblum. welcome to the second annual tucson festival of books on this fabulous day. it is only march and it is not yet 130 degrees. i grew up h

by north korea, which would pour over into both china and south korea. so if we're going to deal with china on these issues, we have to first of all, i think as joshua implied, we've got to listen to china, we've got to listen to their concerns. and then we have to be willing to help think through those concerns from their perspective. looking at it from their perspective, we may not end up agreeing with them, we may end up disagreeing but we have to listen carefully to what they're saying if we want them on board. and they have to be on board if we're going to solve either iran or north korea without a terrible conflict. >> the fact is, we have a laundry list of these problems: iran, north korea, currency. they're only going to escalate. the chinese are going to be doing more and more things that americans start to perceive as a threat to american national interest. i think there's a view-- and it's a mistaken view-- that you'll fix this problem by tactically addressing each one of these things. we just guarantee oil from saudi arabia to replace the oil

>: asean has also struck free trade deals with the big east asian economies of china, japan and south korea -- the so-called asean plus 3. >>razak: east asian integration is our long term goal and a lot of countries believe that this is a natural thing to happen. and of course if you look in terms of where the engines of growth are going to comefrom globally, it is going be asean and asean plus 3. >>leng: what we have seen last year during the global economic slump was that exports to china from malaysiaas well as other countries in asean has actually risen by more than 100 per cent so that has helpedto offset some of the decline in exports to the us. >>reporter: but closer integration with giant economies like china's brings undoubted challenges as well as rewards. >>razak: as you enter into more and more free trade agreements, you are exposing yourself. so for us to get the most benefit from all these free trade agreements is for us to ensure that we strengthen our competitive strength that we have, and ensure that our firms can exploit the bigger market and not perish in the environment

i met with the president of south korea at davos. he talked about how usaid came to their country. their aid budget will be over $1 billion next year. the countries we are talking about have terrible health problems. we have got to solve those problems to get them on the path to self sufficiency. finally, diseases do not know any boundaries. both the science and the interventions to reduce these diseases prevent them from becoming a worldwide problems. finally, in terms of how people think about the united states, the idea that our health budget would be 1% of our military budget, the global health budget -- that is a logical to me. i would argue it should be a higher percentage. this is america at its best -- helping people and putting them on a road to self-sufficiency. >> my time is almost up. the balance between prevention and treatment -- one of the things that struck me when i was in africa was the sort of recruiting system -- the farm system that was being run to fill the next treatment center. obviously, there is a tension in the community about this. i wonder if you would

the pressure on these nations, they have scheduled a follow-up summit for two years from now in south korea to make sure they are keeping their promises. katie? >> couric: and, chip, also at his press conference today i know president tried to lower expectations about how effective stronger sanctions against iran might actually be. >> reporter: that is right, katie. he was responding to people who say that even if there are sanctions they're not going to work at all. here what's he said. >> sanctions aren't a magic wand. what sanctions do accomplish is hopefully to change the calculus of a country like iran. >> reporter: he did say that he believes that china and russia will be on board in these sanctions and they will be in effect soon. katie? >> couric: chip reid at the white house tonight. chip, thank you. as we said, the focus of this summit was preventing terrorists from getting their hands on nuclear material. now, to that end, the u.s. and russia signed an agreement today to dispose of 68 metric tons of excess weapons-grade plutonium beginning in 2018. that's enough to build 17,000 n

south korea as lisa has mentioned has made it a national imperative to innovate in this area. so substantially, the we in this i think in terms of the big economies are us. the united states. for us, i agree. it is substantially this idea of the roadmap, and i think part of what gets in our way, and is both a great strength and in this case potential weakness, is we have a very deep reliance on market mechanisms. and market mechanisms cannot see the risks that we face, because of the way they are presented to us. and they don't yet see, although they're beginning to, the opportunity where as some of these other economies don't have those same challenges. the chinese in particular do not have that same challenge. they can just go for it. >> let me say, when i say road map, say put a price on emissions, and let companies find the cheapest way to achieve those objectives going forward. i don't mean an industrial policy where you lay it out. i mean, the russians brood of five year plans don't work too well. we've got to harness the power of the markets that the government has got

south korea and north korea -- there was a statement yesterday about south korea and north korea. any comment? but the investigation is ongoing. we continue to cooperate -- >> the investigation is ongoing. we continue to cooperate. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2010] >> part of why internet security is so -- and that freedom is so complicated is because it is many things want into one. but there are issues, but the state department hopes to use technology to advance diplomacy. alec ross is the senior adviser to secretary of state clinton. that is tonight on "the communicators" on c-span2. >> next, a look at the mortgage industry with diana olick, a guest on this morning's "washington journal." host: diana olick is making her first visit to "washington journal." foreclosures up. this is from "the sun. examiner." why aren't these federal efforts working? guest: which allows are you referring to? host: mortgage modification laws. guest: they are not laws necessarily but programs put in by the fede

those are businesses where i need goldman as a hedge fund to cover that short in south korea. i can only get that at goldman or morgan stanley. no, those businesses aren't going to go away. so we have a short-term impact in terms of the revenue volume on this. but i view this as a -- we quantified this. this is $1.20 a share paid out in 2011 to 2013. it doesn't seem like this is going to be an end of the world -- >> brad, sorry -- go ahead. >> the $1.20, what is that based on? them paying what? >> that's they lose everything. they have to disgorge their fees, that they get a $50 million fine on this, which by the way would be a large fine. that they pay a billion dollars out on the loss and they pick up the loss on the credit default swap, or rather the wrap that's on this. when you do that, you end up with an impact that's certainly manageable for a goldman sachs. what people are forgetting on is that this is a 144-a private placement. everyone in this signed that they were sophisticated investors. and all goldman was was the placement agent. they weren't an underwriter. as a

i hear a lot of talk about north korea but nobody says anything about south korea. i want to know if your guest has any information on what they have in those top-secret mountains in south korea? guest: good question. south korea was discovered to have been running a clandestine nuclear program for many years. there was international condemnation, and as far as we now, that program is no longer going on. they have tested as many as two weapons. so we know that they are a defective nuclear country. there are an example of a country that is no longer pursuing nuclear weapons. that could be seen as excess -- as a success. other countries participating in that program would be libya. host: next phone call. caller: this is an important issue. thank you for pointing out the finer parts of this. i am a veteran. seconthere seemed to be a somewt anti-israeli sentiment on your show. i want to remind everyone, if it was not for them in 1980's, with saddam hussein, things would be different. lindsey graham spoke up at a meeting a few weeks ago, and he said president obama is my

caller: i was in south korea, combat medic in the korean war in south korea, and north korea is no threat to us. host: we are asking you this morning about u.s. policy on iran. this is a front-page story, an interview "the financial times" did with secretary of state clinton. lack of action is a chance not worth taking. the alternative is to permit them to continue -- darrell on our democrat's line from missouri. caller: this sounds just like the run-up to the iraq war. the host: and darrell, i will ask you to respect the 30 days. we welcome you once a month but make sure you just call and once a month. we appreciate that. we will see you in 30 days. fayetteville, arkansas. caller: a pretty sad state of affairs when the secretary of defense has to communicate in an intelligence matter through a special memo. i have to follow the: powell background -- colin pal background. if they develop and use it, they will pay. host: why did you think the secretary of state had to go that route and why was the memo made public? caller: i think because there is very little regard to anything that is sac

now, the exception was south korea's kospi. we saw a good rally in the tech stocks, soes that is where the support came from. japan with on the other hand, the nikkei 225 falling 1%. the stronger yen continuing to be a sell-off in this market. this was a bit of a surprise, so that has worked the sell-off in some of those machinery stocks. i want to mention the fct in thailand, still trading down 0.6% right now as we see the political tension worsen there. the economy so far has been holding up. s&p analysts saying that the immunity for the political situation no longer holds true and, of course, today, you saw a lot of money coming out of that market, christine. >> and here in asia, what is the latest in the saga? >> they upped the offer by about 8%, or peabody did to $3.3 billion. macarthur is rejecting that offer. they're going to go ahead with that shareholder meeting on april 12th to vote on its purchase or offer for glouster coal. it's a complicated deal, which in effect gifts noble about 25% in macarthur. peabody has aske

so pleased to announce that president lee has agreed to host the next summit in the republic of south korea in two years reflecting their leadership and i thank president lee and the south korean people for their willingness to accept this responsibility. i'd ask president lee just to say a few words. >> thank you for inviting me to this historic summit. thank you for supporting south korea to host the next summit in 2012. i assure you that i will do our best to make this summit a success, so i will see all of you in korea. thank you. >> thank you very much. [applause] >> so today is an opportunity not to make pledges but to make real progress on the security of our people. all this, in turn, requires something else, which is something more fundamental. it will require a new mind-set that we summon the will as nations and as partners to do what this moment in history demands. i believe strongly that the problems of the 21st century cannot be solved by any one nation acting in isolation. they must be solved by all of us coming together. at the dawn of the nuclear age that he helped to unleas

. >> reporter: when the masters starts thursday, woods will be partnered with south korea and k.j. choy. thousands of fans have been following woods around the golf course during his practice sessions. once the competition gets under way thursday, the clouds will-- crowds will grow even larger. people have traveled here from across the world t. including this couple here from ireland. >> this should be a golfer. should be focusing on this stage. >> the fans are giving a warm reception during the practice rounds. and many think woods answered another scandal. >> i think actions speak louder than words. in due time. for the next couple of years. you know, then time will tell. >> woods is expected back on the course for one more day of practice before the main event. randall pinkston, wjz eyewitness news. >> and remember when tiger returns to the masters, you can see the final two rounds of the tournament this saturday and sunday, exclusively here on wjz 13. >>> automaker toyota has just weeks to decide how it's going to react to a record multi- million deliver fine from the federal g

the ceo of south korea's mcm. ea sports goes into the woods releasing a brand-new tiger woods pga game today. will it be a hole in one on caught in the sand trap. we'll talk to ea's president now. the second hour of "power lunch" starts right now. >> welcome, everybody, to the second hour of "power lunch." i'm tyler matheson. some unusual volume movers to tell you about. eastman kodak trading above its ten day average. in tegris energy trading above its average. >>> new highs on a down day. stocks hitting 52 week highs including disney and u.s. steel. >> results of treasury auction, $43 billion in three-year note out in a moment. as soon as rick santelli is ready he's going to give it a grade. there's a lot of folks watching the situation with treasuries. there's so much supply coming on, a string of them, steve liesman you're sitting here as well, a string of them that has not gone well. investors are going to demand higher interest rates from the government to hire money. >> a ten-year at 4%. >> yeah, 4%. i will

south korea as lisa has mentioned has made it a national imperative to innovate in this area. so substantially, the we in this i think in terms of the big economies are us. the united states. for us, i agree. it is substantially this idea of the roadmap, and i think part of what gets in our way, and is both a great strength and in this case potential weakness, is we have a very deep reliance on market mechanisms. and market mechanisms cannot see the risks that we face, because of the way they are presented to us. and they don't yet see, although they're beginning to, the opportunity where as some of these other economies don't have those same challenges. the chinese in particular do not have that same challenge. they can just go for it. >> let me say, when i say road map, say put a price on emissions, and let companies find the cheapest way to achieve those objectives going forward. i don't mean an industrial policy where you lay it out. i mean, the russians brood of five year plans don't work too well. we've got to harness the power of the markets that the government has got

india, pakistan, south korea -- actually north korea. all of them got nuclear weapons. >> reporter: eastern european allies fearful of russia's power hopes president obama will make more aggressive use of nato to check moscow's regional ambition and they hope that nato, not just the russians will be integrated into any missile defense program the president decides to build. chris? >> chris: james rosen reporting from the white house. james, thanks. we'll knock down what is apparently another myth about global warming. and those seeking to make their political dreams a reality head to new orleans. are you receiving a payout from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. ♪ ♪ [ male announcer ] every business da bank of america lends nearly $3 billionollars to individuals, institutions, schools, organizations and businesses in every corner of the economy. america. ♪ growing stronger. every day. >> chri

the president introduced the leader of south korea saying this will be where our next summit is held.ident on location there. >> reporter: no accident. you're looking at countries that have got nuclear technologies and kept them on ice. if there is going to be a nuclear arms race in asia, you'd expect china, japan, korea to be in the mix. it's important for this administration this summit isn't just photo ops but continuation and follow-through. that is an important development. >> let's talk about china agreeing to work on sanctions against iran. reluctant they are hesitant obviously. how much of this is in agreement on paper, how much will this will we see concrete results? >> in the language of the u.n. they have instructed them to work on language of sanctions. the chinese have done this before, gone through this before, coming up with the machinations only to water it down at the last minute. this work has been going on. this is a more formal order. the chinese sense of pace is frankly not in tune with what the administration is, an urgent series of events developing with iran an

in another development, media in south korea today reported the north is planning another nuclear test in may or june. the officials at the state department cast doubt on the accuracy of that report. >>> today president obama made comments that suggest he plans to pick a supreme core nominee with abortion rights. steve handelsman is on capitol hill now with more. hi, steve. >> reporter: thanks. actually since the president was sworn in, about the only big vote up here that's been bipartisan was last summer. core confirmation vote in the senate. this time the president hopes to win over more republican sena r senators roe versus wade remains an issue. senate leaders who the president called in today know he will send them a supreme court nominee who shares that view. >> i want somebody who is going to be interpreting our constitution in a way that takes into account individual rights and that includes women's rights. >> reporter: mr. obama's first nominee, sonia sotomayor, was confirmed with nine gop votes. republican leader mitch mcconnel and jeff sessions voted no. but both were consu

obama announced that, in 2012, he's going to hold his next nuclear security summit at a site in south koreanear the north korean border. seriously? that's like if you held a biker chick rally right across the street from jesse james' rehab facility. [ laughter ] you're asking for trouble. speaking of north korea, i just read about a state-run comedy show in north korea where the audience is ordered to laugh. yeah. it's called "funny or actually die." [ laughter ] this is pretty crazy. 50,000 women in britain have been warned that any breast implants made in france could explode. [ laughter ] that's got to be awkward at the airport. "ma'am, are you carrying any explosives besides those two?" [ laughter ] they made a move about a guy who had to defuse those things, it's called "the hurt knockers." [ laughter and applause ] is that a typo? it's probably a typo. the copenhagen metro was named the world's best subway for having the highest customer satisfaction and reliability of any subway. meanwhile, the new york city subway system was named -- [ speaking gibberish ] [ laughter ] -- which is g

we work longer hours than people in any other industrialized country except maybe south korea. the average u.s. worker works 300 hours more than the average western european worker. 46% of people in the united states have not taken a week's vacation off last year. we are overworked and exhausted, and at the other end we have 10% unemployment. duh, let's just share the workload too. let's have a little more leisure like they do in europe, let's chill out and share the workload. you know why we went do that? health care. because health insurance is tied to full-time employment. there was a study that center for new american dream commission a couple years ago, they found that two-thirds of people in the united states would be happy to work less, earn less and consume less, but they can't because they'll lose their health care. so i list some big ticket items we can change. i'm all for saving the forests and these individual things, but we need to go to the bigger ticket changes, and one of the big ticket changes i have in there is that we need to choose time over stuff. and there

. >> president obama also announced that south korea's president has agreed to host the next nuclear conference in two years. >>> well, and until the summit ends, it's still going to be difficult to get around the district. many streets will remain closed until 8:00 tonight. despite major road closures, traffic was relatively mild today. however, there was one tragic incident involving a national guard vehicle and i cyclist. that cyclist has been identified. megan mcgrath joins with us more on that. >> well, yesterday began without a lot of fanfare. everything was going very, very smoothly in terms of traffic and all of the road closures in the area and then as things were winding down last night just after 6:00, there was a terrible accident involving a woman on a bicycle and a truck that was owned by the d.c. national guard, that truck providing security for the summit here. they have just identified the woman who was riding that bicycle who was killed in that accident. she is 68-year-old constance holden. she is a portrait artist and a skin science journalist and wrote for science

when you look at south korea's the initiatives on the smart grid, the u.s.ether $11 billion worth of funding toward a smart grid. we have 50 different public utility commissions and 50 different states and each one has a different relationship with their utilities. south korea has this dramatic drawn out of how much money they are going to save and how much carbon they're going to save and how they are going to recycle those dollars and how they will create $50,000 -- 50,000 jobs per year creating appliances for this bread. because we have to discuss greenhouse gases, we cannot see that we are missing this huge competitive opportunity to get out and be in the same place as the rest of the world. frankly, i find that scary. we need to start, it is kind of a dirty word, but we need to start thinking about having industrial policy and having energy policy that is a lot more systemic where we look where policy makers are willing to look at the overall system and say these are some problems that we want solved and we need to create markets to solve those problems

the south korea trade agreement, if we had gone forward with that, that is a 325,000 job potential. if you are not going to help business move forward you are not going to help unemployment. >> chris: let's talk, bill, about what the white house and congressional democrats are talking about which is more stimulus, extending unemployment benefits, more aid to states which are being crushed and have to lay off more people. more tax incentives for more small business. several questions. one -- is the president going to make the famous hard pivot to jobs. will congress pass another obviously not $787 billion but a substantial stimulus and will it have any impact on the economy? >> the right kinds of legislation could have an impact but the president is mostly not talking about the right kind of legislation. we lost 7 million private sector jobs in the last year and a half. public employment has remained steady. most of what you are talking about helping states will help public sector employment. that is not pro growth. it is some what negative for growth. taking on more debt, i think we

choi of south korea. 1:42 thursday eastern time. kuchar has not been here since 2002 and now he'll be playing with tiger. choi has played with tiger about a dozen times. they figure to get a lot of tv time. now back to you. >> they'll finally be seen, yeah. they're going to have to put up with phone calls from their family. i don't like your hair today. >>> seven minutes past the hour. >> join the club. >> you love your neighbor, myrna, you know you do. >> bobby, i don't care for that blue jacket that you wear. >> thanks there, mrs. smith. >>> good morning, everyone. right now st. louis, you're on a dividing line between the real warm and humid air off to the east and the cold air off to your west. right now it looks like cloudy skies, overcast around st. louis. showers not there yet. give it some time today. daytime heating, you're going to get thunderstorms right around that region. let me show you where the rain is located. it's up to your north through chicago going into places like michigan, ontario as well. light showers near

. >> the whitakers adopted losiah from south korea three years ago and say he has been a major blessingwhite house annual easter egg roll. we'll have that plus the big stories of the day, next. [ female announcer ] now multigrain pops. ♪ ♪ hey, now, now, we're going down, down ♪ ♪ and we'll ride the bus there ♪ pay the bus fare ♪ or we find a new reason [ female announcer ] something unexpected to the world of multigrain... taste. ♪ hey, now, now ♪ we're going down, down, and we ride the bus there ♪ [ female announcer ] introducing delicious new pringles multigrain. ♪ a new way of living [ female announcer ] new multigrain pops with pringles. >>> actor john forsythe has died. he is the voice of charlo charlie's angels. he was 92. new jobs numbers are lower than expected and show the biggest monthly increase in three years. employers added 162,000 jobs in march. the unemployment rate is 9.7%. beginning monday, they will lift a ban on pilots taking anti-depressants. it comes at the urging of the union and white house owners. justin beiber and apolo ohno will host the easter egg event. pub

market, expensive at 3.3 times book value, outflow of funds in the first quarter, and they say south koreand taiwan might be a cheaper play on china anyway on that kind of commodities argument. do you have sympathy with "barron's"? >> well, if you happen to own some real estate in pudong or certain areas of shanghai that are expensive, if you have access to the a-share market, which you likely don't as an american -- well, maybe you have some concerns. otherwise, if you have exposure to hong kong, where's the price now? relatively where it was three years ago. so there's very little concern in terms of the chinese assets that we're able to access. >> okay, richard, thanks for the advice. >> all right. >> richard kang joining us there. give us some trades, tim. you trade the globe for cnbc. >> absolutely. and the bottom line is chinas underperformed the last six months as richard talked about. the oil companies. pet roh china, smp sinopec. these are names that we continue to like not only because they've underperformed but because oil prices are going higher deutsche bank just raised their

lucky if you look at poor countries that get rich over the last century countries like taiwan and south korea and singapore and she lay they were autocracies general they are terrible. but also have communist left-wing insurgencies to deal with so there was a strange correlation of forces on the one hand not being democratically accountable that other wise might have showed to the growth in a crib for the rise ahead to worry about the popular discontent and do something to buy it off by providing broader-based -- broader-bas ed growth and in a sweet spot seems to have pro-growth policies how do we create that somewhere else? who knows? >> >> have a comment and a question. would anybody like to comment on the future not only innovation but creating the organization's as we have been talking about making that more difficult in the united states i don't see any other competing economy where that seems to be done any better it would you like to talk about not where we are about where things might develop? and to make another comment people don't often and think of this but another very successful