then you have korea, indonesia, south africa, nigeria and other countries in sub-saharan africa likea. these are companies with -- these are countries with great potential and their growth rate will be high but you have very little equity penetration. the rate is probably 1/20 of the united states. high growth rates in young populations and growing the middle class, these factors make emerging markets attractive. i would not say put all your money there but don't take all your money and put it in the developed markets either because i think you will miss opportunities. the emerging markets -- people overreacted who invested their. that overreaction is behind us. when the tapering actually began, people were much more modulated in their views. it has had some impact. there is no doubt that some currencies had to be adjusted and no doubt that some emerging markets have had some dislocation. i think it's a much better thing in the end that i don't see panic in the streets for economic reasons. the ukraine is a more difficult situation but for economic reasons, i don't see hannah in the

migrants came from sub-saharan africa. most of them were picked up by the moroccan coast art. for more, i'm joined by our same correspondent. the spanish territories are in the ee you, and this is precisely why migrants are trying to get there. >> that's absolutely right. it's caused conflict in syria and the poverty in some countries mean i getting through to what is spanish territory -- mean that getting through to what is spanish territory is seen as a better life, but what more often happens is that people will be kept in detention where the authorities try to identify them and send them back to their home country, but if they cannot do that, in some cases, they do send them to the spanish mainland, and that many ofourse, what these migrants want. today, we know that the debt went up to nine people drown. of course, and desperate to -- anderate for solutions, really, people are continuing to do it as long as the possibility of a better life seems to be there. >> what are the spanish authorities doing to try to dissuade people from making this journey. >> the spanish author

for the bases we are seeing today and for example, sub-saharan africa, djibouti is a good example because we are flying drowns out of there. i'm sure in that case there is some discussion among diplomats and policy makers and military officials. for them it is almost like a quid pro quo where they are exchanging foreign aid more money basically to have access to not necessarily building american bases, but they are using whatever infrastructure exists. so there it is much quicker. of course overtime the relationship can and should develop if the u.s. wants to continue using the bases there. for countries that have -- where we have seen u.s. presence of for a longer time, of course we have to continue to manage alliance relations and cultivate our relationship with these countries. as i said, security relationships require partnerships. if another country believes that we don't face, and threats, share the same values, it is easy for political leaders of the host government to say, we don't have the security threats were share the same values as the united states. why do we have thousands

south africa, nigeria, others in sub-saharan africa. eat potentials and their growth rates will not only be high so we have very little private equity penetration. the private equity penetration in sub-saharan africa is one 20th of the u.s. and therefore less competition. accommodation of factors, high growth rates, glowing -- growing this helps., i would not say put it in all of the emerging markets but i roughly would not put it all in the developed markets. people overreacted who cared about the emerging markets. i think that is behind us. when the tapering began, people were much more modulated? impact.ad some some currencies of had to be adjusted. some have had some dislocation. in the end, i think it is a much better thing. i don't see any panic on the streets for economic reasons. we cannot solve all the problems of the world with the federal reserve monetary policy but there is no doubt that the emerging markets benefited from low interest rates and interest rates are still very low by any historical measure. it is not likely all

sub saharan africa, the philippines, vietnam and everybody has gotten so used to the fact oopsz that you can borrow u.s. dollars for close to nothing and put them in other currencies. this has been problematic for other economies who can't deal with that influx of hot money. if you get used to it and the hot money rolls back when it realizes it's going to the united states when interest rates might go up, it's whiplashing for markets like india, brazil. you see the ukraine having political violence. turkey is trying to get its head around what the united states is going to look like from a monetary perspective. >> help us understand, why does what happens in all these emerging markets connect back to what's happening in the u.s. stock market? is it because all these things are happening at the same time? is that unprecedented? >> it's like the old new york telephone jingle, we're all connected. it's kind of a tom friedman mantra, the world is flat. if there's a reverberation in a place like argentina or venezuela. there's rioting, looting in venezuela. argentina has a traumatic debt

can't afford it because it's a cheap coal substitute it's dirtier than coal so you know it's sub-saharan africa nation that's trying to develop its industry or somewhere somewhere in southern asia that doesn't have the money to turn their nose up. and the documentary is available at at. story. exposed dot org and that will be live tomorrow great great documentary dave thank you very much always a pleasure to be here great to see coming up if you think climate change is bad now you ain't seen nothing yet what's lurking under the crystal blue seas in the arctic and i don't we keep it from dealing a death blow to the human race on the planet. leg . to. leg it was. going. to take. that back with that they're looking. for the people. wealthy british style. time by. market why not. come to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report. we welcome erin eight and abby martin two of be terrific hosts on the r t network. it's going to give you a different perspective give me one stock tip i

and then korea, indonesia, south countriesgeria, other in sub-saharan africa like tanzania. s with great potential and their growth rates will not only be high, but very little private equity penetration. the private equity penetration rate in sub-saharan africa, for example, is probably one 20th of that in the u.s. therefore a commendation of population, growing middle class, all of these are factors. i would not say take all of your money and put it in the emerging markets or all of it in the developed markets either. the overreaction to emerging markets is behind us. when the tapering actually began, people were much more modulated in their views of it. it has had some impact. there is no doubt some currencies have had to be adjusted. and there is no doubt that some emerging markets have had some dislocation. in the end, it's a much better thing. i do not see panic in the streets for economic reasons. obviously, ukraine is a more difficult situation. but for economic reasons, i do not see panic in the streets of emerging markets. we cannot solve all of the problems in the

can't afford it because it's a cheap coal substitute it's dirtier than coal so you know it's sub-saharan africa nation that's trying to develop its industry or somewhere somewhere in southern asia that doesn't have the money to turn their nose up at. the documentaries available at. the start lies exposed dot org and that will be live tomorrow great great brownie documentary dave thank you very much always a pleasure to be here great to see coming up if you think climate change is bad now you ain't seen nothing yet what's lurking under the crystal blue seas in the arctic and i don't we keep it from dealing a death blow to the human race on the planet. dramas the. stories others refuse to notice. faces change. the picture. from around the globe. to. i marinate joining me on. impartial and financial reporting commentary for news and much much. only on the best and. so sometimes you know what you know and sometimes you know what you don't know and sometimes as the fires. and everything you know it's really you know you think you're wrong if you want me or you're right. to think that your view of my

all that you take out the spareribs of many of the major emerging markets, even extending to sub-saharan africa, on a reasonable path. former national security advisor says the unrest in the ukraine relates to broader issues with russia. >> the issue goes beyond ukraine. it goes to the heart of the issue. what will russia become over the next decade or so? is embarkingtin rush on some sort of nostalgic, irrational, imperial restoration. the eurasian union that he wants to create, of course, centered in moscow, would be a restoration of the soviet union minus some european portions and the russian empire. >> you can catch the full interview with jimmy carter's former national security adviser on charlie rose. that airs at 10:00 p.m. u.k. time tonight. coming up, we will keep the focus on ukraine. the president announces a plan to resolve the political crisis but will it stop the bloodshed? ♪ >> a moment of calm in ukraine. the president has agreed to a plan to resolve the political crisis that led to deadly clashes in the country. the agreement is expected to be signed in about 45 minutes. the e

now a number of organizations in sub-saharan africa.but what we announced today is not only increase availability of vitamin a but also the stability of that vitamin a in sorghum. namely, about 100%. so what that means for an african farmer is that they can harvest that sorghum crop and save it without losing the vitamin a content for up to about three months. tremendous improvement. also comes with increased levels of protein, iron and zinc so i tremendous achievement. so what we are doing there is basically delivering the opportunity for increased nutrition to children throughout sub-saharan africa. so i'm excited about that. secondly, improving rural -- my example here is in indonesia. on the island off the coast of jafa, it's a list develop heart of indonesia and what we've got in in partnership again with the minister of agriculture of indonesia is gone in, look at the community, offered improved seed varieties, education that allows growers to improve their economic practices and put together a whole system all the way from improv

we are looking for tens of millions of users, they will be coming from sub-saharan africa.s, are they corruption, piracy given the business you're in, or getting a decent energy supply? what are the biggest headaches that you face? >> the biggest headaches are the day-to-day issues. we have $100,000 worth of generators. $10,000 a month powering our offices. we don't really see corruption. this is really expensive. for our business, it is signing -- holding us back. i will have tens of millions of people viewing my service but at the moment i'm waiting for that to catch up. >> it is as if the telecom development story has missed generation, isn't it? it is straight from having no telephone connections to having mobile. that becomes where is that. >> that is about 30 million tvs. millione a hundred 20 subscribers. the vast majorities are not smart phones. they will be smart phones. this was not great. it was increasingly getting better. all of the big isps are employing billions of dollars trying to catch up with the infrastructure. the future ofis telco, the future of teleco

presentation about the real potential, the likely trajectory to wipe out extreme poverty in sub-saharan africa and to echo erik that is not independent from technological progress at all. there is beautiful research done that shows what happened in the poorest parts of the world when people get cramond of mobile phones for the first time. their economic lives gone completely different and better trajectory. it's critically important. >> it started with three deep printers and a whole set of technologies that seem to be science fiction a few years ago becoming reality now. >> do you think these technologies will be applicable to other pressing problems we have here and what they help us deal with our energy issues and reduce global carbon dioxide emissions and greenhouse gases? if we have moore's law and all this combinatorial -- >> and he and i were talking about beforehand there's a whole set of problems out there and we can only write one book at a time so we are not going to take on all of those at once but i do think is her technological capabilities grew greater and we had more power to c

are seeking a foothold in the six of the ten fast growing economies in the world which are in sub-saharan africa. and if we can offer a platform to, for american companies to engage transparently and in the right way, i'm proud of the ability to offer that platform, not shy about engaging in those engagements. >> and we should, and we should do more in a direct fashion. we, one of the things i like with some of our ngo partners, their assistance is putting cash on, in the hands of people who, for example, have suffered from an earthquake or from a tsunami. the -- i would hope that we'd give you more cash and less [lghter]food, for instance. i mean, it is, it is an embarrassment to me that too often it takes months for the food to arrive, and when it arrives, it has the perverse effect of discouraging local production, local markets. the administration asked a tiny -- requested a tiny amount of money to balance that out and demonstrate the power of direct investment. and i'm hopeful that we're able to do more of that. >> on that, for example, we -- the president's budget last year called for a sh

take for example, sub saharan africa, several hundred babies being born every day hiv positive but thews is, started in 2008, i was -- thousands of babies being born -- realizing a generation free is doable. >>> secretary of state john kerry is wrapping up his first year as the nation's top diplomat, and sitting down with cnn. our own jake tapper asks the secretary whether the u.s. got, quote, played, in that nuclear deal with iran. the secretary's answer and jake when we come back. vo: once upon a time there was a boy who traveled to a faraway place where villages floated on water and castles were houses dragons lurked, giants stood tall, and the good queen showed the boy it could all be real. avo: whatever you can imagine, all in one place. expedia, find yours. so when my moderate to severe chronic plaque psoriasis them. was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe p

investingmpetitive, in russia, sub-saharan africa, latin america, southeast asia.tory still strong? >> yeah, i think as you look at financial investors' points of view, they have ideas about pulling out to reinvest elsewhere. i think there is a little different story for us when we are into logistics. no matter how the world economy grows, a little fast or slow, what is really the key to developing these markets is the logistics works. so investment such as ports and other transportation infrastructure, vessels and ships. these are things that are needed under all circumstances. so we will continue, we are very bullish about our opportunities, but that is not really a prediction of how the economies overall welfare because under all circumstances, the countries really need what we provide, and that also means and return there should be plenty of business opportunities for us. so we are not slowing down. pulling out of financial investors may give us some opportunities to invest more, and we would love to do that. >> nils, thank you. stay with us if you can. plenty

or australia, very different from being poor in sub-saharan africa.a smarter approach to development? it is to basically adapt to each country's requirements. everybody has a different history, different geography. you have to adapt and engage. what you do in a given country can benefit another. what we have done with china -- it can be even different countries. that is the game. we can work together. we can learn from each other. >> i wish you good luck in your process. this is a hot button issue, inequality. and cfo ofg director the world bank, joining us live from sydney. still to come, betting on china's rising power. lg is stopping sales of its cheaper phones. ♪ >> netflix is said to have struck a deal with comcast to make streaming faster. netflix servers will collect -- connect directly to the data center instead of going to a third party. sources say the agreement was finalized before comcast bid for time warner cable. falling in early tokyo trade, the stock down about one percent. that is despite positive news and a potential takeover. the di

sub-saharan africa is similar to where india was in 2004-2005.gnificantly high up your -- higher. if you look at asia and compare that to china, it is similar to where china was seven or eight years ago. private consumption is a lot bigger. we have been talking about emerging markets on this show for the last six years. a can never quite follow-through. does it represent a bigger deal because the bigs are under pressure? think the msci index is low. that is obviously a trap. they are hard to capture, most of the opportunities are outside of the listed markets. you need a specialist player. >> thank you so much. we will talk about financial than some of the earnings next. we are less than 24 hours away from the presentation to investors and that is coming as reports that barclays may continue to cut back on investment banking. ryan chilcote has the story. >> barclays will cut 1/5 of its investment bank and selloff as much as 150 billion pounds worth thousands ofslash jobs according to a sunday times story that came out yesterday morning. would ant

six of the 10 fastest-growing economies are in sub-saharan africa.es to corporate or grooms across our own country are increasingly focused on the needs of the world's poor. and as more nations end extreme poverty, the challenge will narrow, allowing us to focus our energy on a smaller number of countries, until extreme poverty is gone. but the only way we will get there, the only way is with the leadership from this room. those who lead this work in government will need to focus on data, accountability, and results. those who lead our partner countries will need to fight corruption, and work with businesses to solve problems. those who lead our great nation will need to make tough keep us committed to this mission and continue our as thes proud history world's unquestioned humanitarian leader. [applause] and those who lead communities of faith need to do just as pope francis was teaching and to shine a bright light on poverty. prayer reminds us of this common purpose. this morning i would like to tell you about a colleague for whom i have prayed. he

even extending into sub-saharan africa, they are on a reasonable path.eterson institute for national economic speaking to bloomberg at the pre-g 20 event in sydney. welcome back to "countdown." i mark barton. going down down under this weekend as sydney hosts the g 20 meeting. robert joins us today. can this solve the spot that has brewed between emerging markets? >> it will definitely be a focus of the g 20. they have been very vocal on that. of coordination on tapering monetary policy across the globe is unlikely to gain much traction, really. there will be a rather firmer bottle. >> lipservice. pay liprry yellen even service at this g 20 gathering echo -- will char yellen even pay lip service? >> that train has left the station. it is a message to be conveyed and it is one that emerging markets and economies around the world need to be responsible for their own. said.george osborne he said it was only two years ago that emerging markets were asking for the opposite. they were moaning about excess qe and now they are moaning about the other side. >> yo

. >> take, for example, sub-saharan africa. several hundred babies born every day hiv positive.ws is, when i first got started in 2008, i was saying, 1,000 babies are being born every day hiv positive, and realizing a generation-spree fr do nabil our own lifetime. [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owner. [ car alarm chirps ] hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through february 28th. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. with 7 antioxidants to support cell health. one a day men's 50+. >>> all right. just past the bottom of the hour. welcome back. i'm fredricka whitfield. crossing the newsdesk right now -- [ gunfire ] >> gunfire erupts on the streets of bangkok today ahead of elections. a hospital says at leas

six of the 10 fastest-growing economies are in sub-saharan africa.rporate boardrooms across our own country are increasingly focused on the needs of the world's poor. and as more nations in extreme poverty, the challenge will narrow, allowing us to focus our energies on a smaller number of countries until extreme poverty is gone. but the only way we will get there, the only way, is with leadership from this room. those who lead this work in government will need to focus relentlessly on data, accountability, and results. those who lead our partner countries the need to prioritize the poor, fight corruption, and work with businesses to solve problems. those who lead our great nation will need to make tough, tough decisions that keep us committed to this mission and continued our nation's proud history as the world's unquestioned humanitarian leader. fo[applause] and those who lead communities of faith need to get just as pope francis is teaching us, and shine a bright light on poverty. prayer reminds us of this common purpose your and this morning i wo

we have seen extreme poverty china, india and sub-saharan africa made possible not like a for inaction but by opening markets with freedom the and commerce. on the negative side the spectacular economic failure of the soviet union collapsed roof the ongoing failure started to the same place as south korea. also free enterprise is critical with the economic success to find a the market goes that we work on two very important social goals that is held up in his remarks. entrepreneur yours would dash are not directed to have a search for opportunity with the system that they if the units prosperity by investing in firms have become successful agent by allowing the outmoded firms to fail the advance of society. this is about dynamism to talk about creative destruction of the new replacing the old level by to talk about non destructive creation of a bridge new things that is the source of innovation and wealth. like columbia colleague has noted many times the satisfaction in the economy is highly positive correlated. the third point is concerns for status economy with the lack of incentives

we have seen that extreme poverty alleviation in china, india, and sub-saharan africa has been made possible not a government action, but by and opening up markets and the restoration of individual freedom in commerce. on the negative side, we have the spectacular economic failure of the soviet union's collapse and the clear case study of north korea's ongoing failure, having started in the same place as south korea. the second point i would make that free enterprise is critical for the economic success that confront both the market goals that many industry work on and did very important social goals that his holiness brought up in his remarks. entrepreneurs are not people who are directed. they are people who have an uncoordinated search for opportunity, and market-oriented financial systems do to great things. prosperity bynce investing in firms to become successful, and frankly, by allowing weak or outmoded firms to fail, they advance society. economists talk about creative distraction, but i would like to talk about nondestructive creation, brand-new things that create visions. is the so

inld with seeking a foothold the six or 10 fastest growing economies in the world which are sub-saharan africa. a chance for r american companies to engage i'm proud to offer that platform, shy about engaging. >> we should do more in a fashion. one of the things i like with of our n.g.o. partners, their assistance is putting cash the hands of people who, for example, have suffered from an a tsunami.or from we give you that more cash and less surplus food, for instance. i mean, it is an embarrassment that too often it takes food to arrive has the it arrives it perverse effect of discouraging production, local markets. the administration requested a money to be able o balance that out and demonstrate the power of direct investment. i'm hopeful we are able to do of that. >> for example, the president's budget last year called for a 45% of our food reach gram so away could 4,000 additional children ithout spending an additional penny. it seems like an uphill battle got n the farm bill away the flexibility to reach about 800,000 additional children. but it is remental real progress. 800,ki000 kids

reason is to whom much is given much is required and he saw that aids was eradicating much of sub-saharan africa and he could do something about it. he could make a measurable difference and he thought if he didn't do that, if he didn't take the chance and invest money in that cause and the eradication of that that we would jeep be judged in years to come. i think a lot of it had to do with his religious faith. i think laura bush shares their faith. >> host: next is cathy and upon illinois. hi cathy. >> caller: hello. the reason i was calling his earlier in the program a question was raised about when laura found her faith once more and i had read her book and she mentioned i had lost my faith at november, lost it for many many years and if i call rick correctly when she was on the book tour, the program for people were interviewing her about the book she had written. she would ask when did you find your faith and she said it came back to her gradually and she mentioned when her twin daughters were born, she said good things start happening and i found my faith gradually. i found it interesting