it carries a greater proportion of debt on its bks thain any other developed nation. experts point to greece as a warning of the need to get the nation's finances in order. debt as a percentage of gross domestic product in japan is higher than any other industrialized nation. on top of that, japan has one of the highest proportions of citizens older than 65. paying for social security is putting an increasing strain on national finances. it has been a promise to the world to raise the consumption tax, which is relatively low among wealthy nations. for all these reasons, the main opposition ldp has to make compromise, and i think prime minister noda saved face. and this country, japan, would be able to avoid losing trust from international society and investors. >>> toyota motors says it will build a plant to make auto engines in the brazilian state of san paulo. the firm aims to cut costs by using more locally made parts. toyota announced the new plant will begin operation in the second half of 2015. it will produce 200,000 engines annually. these will be for corolla

so i think it is a consistent fast going forward to plain thain those partnerships and alliances. >> any particular market areas or particular countries or regions that you're looking to strike some of these new partnerships? >> are partnerships are fairly global. we have decades of partnerships in north asia and japan and korea. obviously when you look around at the partners who have been on f16, and now migrating into f35, in europe, middle east is asking for more collaboration and joint ventures, so if there is a new area, that is probably where it is. >> rick, thanks very much for joining us. >> thank you for your time >>> no government department is subjected to more scrutiny or legislative constraint than the pentagon. and with good reason. the defense department spends some $400 billion a year on goods and services. and when things go wrong, they tend to go wrong big and end up costing many billions of dollars. plus, given dod's actions can spell successor failure for contractors and you communities, lawmakers have a watchful eye to protect programs and people and facilities.

home blderstarted fewer projects in july thain june-- the pace of housing starts fell just over 1% to annual rate of 746,000 homes. june starts were also revised lower. economists aren't putting much stock in july's pullback. >> the month-to-month decline, to us, we would read as a blip, and the long-term trends are still very positive, from our perspective. >> reporter: home builders share that confidence. new building permits hit a four- year high last month, rising nearly 7% and boosting hopes for housing's comeback. >> housing remains in a recovery phase. it started a more broad-based recovery phase this year. we expect that to continue. and it's one of the main bright spots right now for the u.s. economy. and that may be hard for some people to accept and see and understand because we've been so negative on housing for so long. but it's actually a situation where there's more light and less tunnel. >> reporter: economist michael gapen says, this year, the housing sector is on track to start about half the new homes it would have before the market crashed. that means, despite all

there is a fire weather watch because of the possibility of strikes thain includes lake tahoe area fromrday afternoon to evening. there are winds and these contribute to increased risk of fire. there is low temperatures into mid-50s and mild overnight period like pattern we've had last couple weeks. and tomorrow, low to mid-80s. on the peninsula, highs into 70s. there is only upper 50s on the coast. there is up in the north bay, mild with you but not very warm, highs up yir 70s to mid-80s. and there is inland east bay highs into mid to upper 80s and low 90s in antioch here is the accu-weather forecast. there is mid-70s around the bay. upper 50 to 60s on the coast. there is no sharp rise in temperatures. >> there is next, actor collin farrell gets ready to debut in a role made fame by arnold schwartzeneggar. >> and ipo that is not living up to its hype. >> 4:21 is your time. let's take a look at your time. if you're paying cash you're waiting just a while. stay with us >>> beyonce joins a new humanitarian effort. >> ask this is today's entertainment report from on the red carpet. >> and

outliers like john thain, former ceo of meryl lynch. deep republican establishment.chairs of the council of economic advisers, all the way back to reagan. former president of the world bank. >> the secret meeting, before i let you go? >> i'm sorry? >> there was a secret meeting of sorts? >> they gathered two days after the 4th of july. romney up in lake winnepesaukee. most of the national press up taking pictures of him in his swim trunks and this secret meeting taking place. look at the composition of the group, largely republican establishment, and the only way to think about these groups, holding pens for senior officials in waiting. if you look at this group, it's a better way to think about what a romney administration might look like other than a strictly political choice than like the choice of paul ryan. >> david whitford, thank you for the insight. >>> eight people recovering afteran extreme lightning strike. a family having a gathering on a lake superior beach when lightning struck the area. a 9-year-old boy in very serious condition from injuries. three ad

your financial interest and unless they realize it they cannot keep their job then they will not >> thain q4 am i inane the presentation. professor you mentioned president's day losses with the native people and could you eliminate? >> even eight -- 11 ase. >> there are two or three we highlighted. the tribal line order act flow sentence for a longer period time with higher fines but in order to access the authority they have to use the western kors systems to provide some rights then they can access that higher sentencing authority. the unintended effect customary laws are silenced the reveals that government that looks like traditional government structures are less capable to put out justice in the appropriate way they and western government that is one major example the other is more stock driven -- stock trends like the federal power over native people which gives congress unfettered authority to legislate. that there is a relationship that persist even though the a.d. is our antiquated. >> professor? >> what is the easiest ways in most cost-effective ways of how it comes out in stat

one thain that is appealing you don't expect the message to come through a career military. maybe those would not be attuned to the effects of toxins. there was an appeal from that perspective. >>c-span: how far did you go with somebody with the rank? >> for many, many years with the marine corps. i had united states senators personally the commandant and secretary of the navy when it will you meet mr. ensminger? >> what are they afraid of a >> the truth. they are protecting the institution. >>c-span: semper fi. everything that you bring up >> they have obfuscated and now if they were to sit down face-to-face i could show them and counter. they don't want to do that. i have been very, very cautious to speak truth. everybody else that gets involved in this situation, don't speculate. talking to the media, congress, and don't speculate. if you don't have the vyyo, keep your mouth shut. back in 2007 tom was in his 80s. mike was a godsend. a degree in history and investigative skills as the insurance adjuster could not raise his family on teachers' pay so got a job. >>c-span: ta