that is part of the story of asia. faster economic growth has translated into better quality of life for hundreds of millions of people. and sophistication that is not fully visible to everyone that we use to describe as the west. >> one of the biggest projects in singapore ever, in size, scope, investment, and construction, is to the marina de sainz integrated resort. it is a city within a cd. its presence -- it is a city within a city. its presence leaves a visitor speechless. it is hotel, mall, casino, restaurants, shops, and even a scott parker people come for the weekend and never leave. -- and even a sky park. people come for the weekend and nearly. >> some of the new leadership that has come into power the last several years has taken the view toward the future, which is something that has been traditionally done. no country does a better job of planning for the future or positioning itself to be competitive. part of the key to singapore's success is to be nimble and recognize that the environment is changing. th

of course the other powers in asia are also developing. china is playing an increasingly poor and -- the important role, and over the time the balance will shift. >> in singapore, i have the opportunity to visit with u.s. ambassador david adelman. >> how do you account for its success? it is a very successful place. >> undoubtably. it stands out in this region especially as a place that has created tremendous wealth and a very high standard of living for our people. the government of singapore deserves a lot of credit, but i will say this, in addition to singapore's people, singapore does have some things going for it that come naturally. for example, the best location on the whole planet. about 50 percent of the good fellowship overseas pus -- pass right through here. that accounts for their first or second busiest container. in the world. a good location is and natural resource enjoyed in connection with the natural deepwater harbor. i think the key to singapore success has not been not to squander the great location and these important s

of the global economy based in asia will rise. the u.s. grows at 3%, asia at 6%. it is arithmetic. as that center of gravity shifts this way, there is more trade, derivatives, economic flows, greater mass of wealth to manage. our business needs to grow in line with that. asia is already important to our presence and deeply rooted in our past. >> singapore, a good place to do business, good place to work? >> singapore is as fine a place to do business as anywhere in the world. that is known exaggeration. it is a secure place. the infrastructure is first- class. the policy makers are forward- looking and they understand the business. it has a great lifestyle, wonderful weather, schools. it is an urban center that has been carefully planned. it is a lovely place to live, a great place to work. singapore has built all of this in one-and-a-half generations. if you go back to singapore on the day that i was born in the 1950's, singapore was not even independent. today, they are a power house. singapore is not an emerging market. singapor

mostly from europe, australia and the south asia. government hopes to attract 2.5 million tourists by 2016 and in the process create 350,000 jobs. an international circus festival kicked off in the northern chinese city of szejuan on saturday. the curtain-raiser was an acrobatic "swan lake" combining most beautiful acrobatics and the most dangerous ballet. more than 200 artists from 17 countries and regions, including russia, canada and france will showcase their routines during the nine-day event. the festival will also include a circus competition and a forum on world circuses. china's ministry of culture has instituted a biannual event in 1978 to promote friendship and understanding among nations. >>> hundreds of artists showcased their skill at creating bright, intricate designs with rice powder known as kulam on sunday in the western malaysian state. it's a decorative art form from india. practiced by malaysia's indian community to celebrate special events and festivals. the most elaborate hindu festival of the year, dwali, falls

the east asia summit and asean-related summit meetings are scheduled for november. tack m&a yoshioka, yach world, jakarta. >>> the european debt crisis will dominate the meeting of a gathering of 20 finance ministers and central bankers that will start on friday in paris. the u.s. will be discussing plans to reinforce european financial stabilization facility or essf. designed to provide assistance to any euro member facing financial trouble and they plan to reconsider recapitalization of banks in the region, including the use of public funds to insure their stability. japan is sending a finance minister, jun azumi and central bank governor, shirakawa. >> translator: japan also has a bitter experience of failing to dispose of nonperforming loans in time. i want to talk about the need for establishing a major framework to shore up financial institutions. that will include the european financial stabilization facility. >>> the meeting will last for two days. the outcome of the discussions will be announced in a communique'. >>> experts from the international atomic ene

. >> the noda administration plans to hammer out a plan before an upcoming meeting of the asia-pacific corporation. the gathering is to be held in hawaii in november. now back to katherine. >>> the european union has decided to sign up to an extension of the kyoto protocol on global warning on the commission that major carbon emitters commit to the pac. the minimum strers outlined the bloc's basic policy on global warming ahead of the climate change conference which beginning in latd november. eu virltal commissioner told reporters member states will back a second period of the kyoto protocol, as long as major carbon producers, including china and the united states indicate when they'll take part the first period of the protocol expires at the end of next year. though developing countries call for the extension, japan is refusing to sign up as it only obliges advanced economies to cut the emissions. >>> two american economists are sharing the top honor in their field. they have joinlt jointly won this year's nobel prize in economic sciences. >> the royal swedish academy of sciences has

the east asia summit and asean-related summits are scheduled for november. takuma yoshioka, nhk world, jakarta. >>> next we go it our burg in bangkok. we have the latest on what's going on in the region. >>> bangkok is bracing itself with a threat of possible severe flooding over the weekend. authorities are racing against the clock to boost defenses and prevent the thai capital from being submerged but citizens are prepared for the worst. our reporter has more. >> reporter: the thai capital is being squeezed by a double threat -- floodwaters are closing in from the north while the javia river is already swollen by a spring tide that arrived on thursday. along this river in bangkok, as you can see, the water has already broken the bank. some residents have seen their homes flooded. >> translator: i've never seen the river rise so high. i'm astonished. >> reporter: bangkok is crisscrossed by waterways as suggested by its nickname, the venice of the east. but these channels also make it easier for floodwaters to penetrate the city. around three kilometers from

and what that -- and in asia we have seven of the 10 largest land armies in the world in asia. so we have not been able to pay the attention i think that's necessary there because of what we've been doing in iraq and afghanistan. so as we look to the future, part of the things that we have to do is build our relationships, build partnerships with our allies and friends in the asia pacific region. i think that's a great role the army can play, working with armies because in many of these countries, the army is the dominant military force of the country and i think we've been ignoring that for a long time. >> for outside purposes as well as domestic. >> that's right. >> any particular sorts of exercises or particular tools of engagement you're looking for. >> we're looking to partner with many different people. obviously we have with south korea, but we're trying to expand beyond that. we're having talks with australia about some of the outreach things, we'd like to be part of that. >> and the training ranges. >> and the training ranges and help them conduct joint training there w

e tnami thrust the bow of a 2,300-ton "asia symphony" through a sea wall. the ship had been blocking a road near kmichi port. on thursday, workers maneuvered the barge with a crane up to a freighter, then atached 32 cables to the ship. it took about an hour to lift the "asia symphony back into the sea. >> translator: i hope removing the ship will spe up reconstruction work in kamaishi. >>> more than 25,000 small fishing boats nationwide were destroyed or swept away during the march tsunami. a leading japanese boat maker is now busy filling orders to replace the lost boats. yamaha motor is operating out of a makeshift factory in miyagi prefecture that until recently was an indoor tennis facility. 20 workers are customizing fishing boats to meet customer needs. the company plans to deliver 2,800 boats from now through next march. that's 11 times the number of boats it sold last year. to speed up production, the company will almost double the number of workers at the factory in november. >> translator: i was so pleased to see how happy the fishermen looked when

more than half of the global population lives in the asia. to look at our own san francisco bay area, one third of the population are of asian descent. also, a challenging economy offers us the opportunity to take advantage by being bold and taking risks. we need to increase our impact and by doing so, increasing revenue. also, a successful restructuring of our long-term debt. that took place earlier this year and has put the museum on sound financial footing. on that note, i would like to thank the city leaders for leading the effort and working with our newseum team in finding solutions. today, i am particularly happy to say, at this moment in history, we have an asian mayor, asian president of the board of supervisors, and an asian commissioner for budget and finance. [applause] any successful brand always starts with a strong vision, and we do have a vision. with asia as our lands and aren't as our cornerstone, we start connections across cultures and for time. in other words, asia is our focus, but our per view is global. one single impor

the asia-pacific region is a maritime theater, whereas europe was mostly a land theater. r the united states the asia pacific features a collection of bilateral military alliances in contrast to the presence of nato in europe. the asia pacific is full of disputed islands and resource claims when compared to the relative calm of other regions. we are a pacific nation and our vital interests in that region cannot be compromised. number four, we must strengthen our relationships with the major powers of the world. our traditional alliance relationships with europe remain vital to american security and we should also work closely with our friends in nato and the european union to bring russia, a sometimes difficult actor, closer to the west. i believe that the reemergence of two ancient lands, china, and india, will most influence how america navigates the 21st century. first china. there is no other relationship that if mismanaged carries greater negative consequences for america and the world. alternatively, wise stewardship of the relationship will make america and our alli

on monday, the biggest content trade show in asia held in tokyo. thai officials announced plans to produce animated films in partnership with japanese firms. a number of thai companies and the japanese firm hope to venture expand into developing other content, such as applications for smartphones and video games. thailand is a big market for japanese anime and thai animators have honed their skills by working as subcontractors on japanese productions. but the country hasn't found a way to bring its homegrown animations to the wider audience. the thai government thinks it's time to nurture the industry to joint productions with japanese creators. >> when we become to the right level of equality, we will like to go out worldwide. we need the area to make business model, find the right way to sell. >> reporter: that collaboration makes good business sense for the japanese partner, too. the tokyo-based company, dle, produces fresh animation for tv, the web and mobile phones. they are good at creating content quickly and cheaply. the company has already

i have come to believe that we are embarking on the asia- pacific century. america must and will play a dominant role. by almost any objective measure, population, economic power, military might, energy use, the center of gravity, global human activity is moving towards the pacific region. embracing this reality may bring a dramatic change to the look of our military. the asia-pacific region is a maritime theatre, or as europe is a mostly land theater. for the united states, the asia- pacific features a collection of military alliances in contrast to the presence of nato in europe. the asia-pacific is full of disputed islands and resource claims when compared to the bulk of calm of other regions. we are a pacific nation. at or vital interests in that region cannot be compromised. number four, we must strengthen our relationships with the major powers of the world. our traditional alliance relationships with europe remain vital. we should also work closely with our friends in nato and the european union to bring russia, a sometimes difficult back door, closer

we see the chinese penetrating into central asia commercially. we see the growth and radicalization of movements that penetrate into central asia and the caucuses. russia does not reliably control the north caucasus let alone the southern caucasian states, no matter where its military forces may be. even despite the current disarray in europe and all the questions about the future of the european union, it is quite interesting that the ukraine is toward europe quit despite what moscow has done to push it in the other direction. russia faces a time where it needs to create stability along its entire borders to give it time to rebuild itself so that sometime in the future under the best of circumstances, it may once again become that dynamic for eurasia. for the united states, the challenge is different and simpler. we need to adjust, rebuild, instruct the security balances that will provide for an overall global equilibrium all along russia's periphery starting with northeast asia, around afghanistan come into the broader middle east, into europe,

summit in hawaii. >> has the situation in northeast asia had anything to do with u.s. and japan wishes to keep the u.s. forces in okinawa? >> i think so. the stalemate over futenma has stalled the restructuring of u.s. military forces in asia, and moving the base is a big part of washington's grand plan. that includes repositions about 8,000 marines from okinawa to the u.s. territory of guam. the pacific territory is set to become a crucial regional hub for the u.s. navy and air force. japan also needs the u.s. help to counter china's growing military power. you know, china has become very increasingly vigilant over our territorial claim in japan's southern waters. japan does not want north korea to take advantage of the stalled negotiations, either. you know, the noda government's promise to the u.s. does not necessarily represent progress on the relocation issue. so it remains unclear how much impact japan's promise on the re, on the base relocation issue will have on the international situation. >> nhk world political commentator, masayo nakajima joining us tonight.

nior government officials democratic party decide onssue as soon as noda to hammer oming meeting of the asia-pacific corporat is to ben hawaii now back to>>> the to an on ge commis emitterso the the minimum outlined policy warming of theference whichd november.virltal commi reporters member back a second period kyoto as long as majorucers, including the indicate whenll take period expires at of nextthough developing countries japan isgn up as cut thesions. >>> two americanre onor in their field. year'ssciences.sh academy of decided to awardze in memory of noble tfessor thomas swedish announcementmonday. sims have together devel for better understaing the relationshures and different economic variablgdp, inflation, employment and investments. >>> eg militaryhas pledgedween security force killed 25 peoplejured 300 on monday. protestinggovernment's resp church last the demonstrations sunday withinto the military announced on television recur. it a committee and resp facin criticism that it the demonst excessive violence.tical leaders of different on mondy and inflaming the military council holdelection

. >> reporter: strategically speaking, the united states considered the asia pacific region to be the most important in the 21st century. the u.s. defense secretary, leon panetta visited japan this week and asked that the japanese government to try to make some progress on the base relocation issue. armitage explained the significance of the issue in terms of the u.s./japan alliance as follows. >> the governor of japan told the united states they were going to resolve this issue. if it's unable to be resolved. it won't break the alliance, but it certainly introduces some questions of trust in the ability of the government of japan to deliver. >> the united states seeks to deepen its cooperation with japan. its most important ally with asia, to deal with china's growing presence in the region. armitage's message indicates a growing frustration within the u.s. government on this issue. ukon, nhk world, tokyo. maukon, . . . . . >>> the muslim cust omg of women wearing scarves and veils sometimes causes problems in western nations. citing reasons like personal safety, gender equality and

what would you see in terms of military strength in the asia- pacific region? n afghanistan, we have had free elections in 2004. we rented out the taliban. we dismantle al-qaeda. we killed osama bin laden. we need a presence that speaks to intelligence gathering and special forces -- forces responses when we find the folks who are preparing to do us harm. we need ongoing responsible -- training responsibility with afghanistan troops. that kind of presence will need in all corners of the world because of the ongoing terror threat. it will be less land-based with boots on the ground and more, i think, a rapidly deployable force based on reliable intelligence and the ability to get at the enemy in a more surgical fashion. in the asia-pacific region because of the rise of military power is there a need to keep the sea lanes open, that is good for our economy and good for job creation in this country. the seventh fleet and pacific fleets have always played a critical role in keeping the ceilings open in an area that has been vital to our nation's economy. that must c

japanese customers are the first in asia to start using the iphone 4s. our reporter joins us live from tokyo. how is the turnout where you are? it looks pretty exciting over there. >> it is very exciting over here, katherine. the store just opened now. check out this long line curving across the building. as you can see in front of the store, bouquets of flowers have been left in honor of steve jobs. our crews arrived at 6:00 this morning. already at that time, we counted 360 anxious people to get their hands on the iphone 4s. let's talk to people in line about what they are so excited about. >> this gentleman says he is really excited about the voice recognition system. >> the bigger and better smart phone. in countries such as japan and the united states, more mobile carriers are getting into the iphone game. how is that expected to change things? >> here in japan, the monopoly for iphone ended. the same in the united states where sprint has now joined mobile powerhouses at&t and verizon wireless. what this does with more distributors making the produc

huge follow anything the, in south asia and among the diaspora. says why sufiism attracts me is that it is a search for knowledge, thinking of who you are. knowing yourself and through knowing yourself, knowing god. when you really see with the heart and connect with god, love for humanity comes automatically. kahn is the one on the bottom and, again, another person sufiism had a huge impact on him and his life and his music. the person above him, can anyone recognize? again, no one from south asia. yes. >> [inaudible] >> yes, from south india, rah man. best known in the west for "slumdog." converted to islam himself. father was of hindu background, and again, somebody who is really drawn to sufiism. he says in sufiism there's no distinction between hindu and muslim. they just look straight into your heart, see your love for the sufi saints and the light of the prophets. love can transcend all these issues. west and east, muslim and nonmuslim or whatever else divides us. the gentleman in the african dress is in, the ul, another giant of global mus

japanese customers are the first in asia to start using the iphone 4 s. earlier, i spoke to nhk world's dina knack cano at a store in tokyo. she described the food there. >>> it is very exciting over here, catherine r the store just opened right now. check out this long line. it's curving across the building. as you can see in front of the store, bouquets of flowers have been left in honor of steve jobs. our crews arrived at 6:00 this morning. already at that time, we counted already 360 anxious people waiting to get their hands on the apple iphone 4s. let's talk to people in line about what they are so excited about. >> this gentleman says he is really excited about the voice recognition system. >> the bigger and better smarter smartphone. in countries such as japan and the united states, more mobile carriers are getting into the iphone game. how is that expected to change things? >> well, here in japan, stock-based monopoly for the iphone ended. the same in happening in the united states where sprint has now joined mobile powerhouses, at&t and verizon w

the nation's defense spending. panetta said there will be no reduction in u.s. forces in asia and the pacific. panetta is to meet prime minister noda and defense minister ichikawa separately on tuesday and discuss the relocation of a u.s. military air base in okinawa. a plan to move the marine corps futenma air station to nago city has been stalled due to strong opposition from local residents. >>> china's defense budget is the second largest in the world. the country is building up its military including its navy, and that's causing concern and friction in the region. how is japan responding to this burgeoning military force? nhk world's reporter reports. >> reporter: the maritime self-defense forces submarine base is located here, just over 40 kilometers south of tokyo. it's a base for submarines conducting surveillance activities in waters around japan. submarine activities are national secrets. even self-defense force members have no knowledge about them unless they're engaged in the unit. we are allowed into a submarine on the condition that we will not reveal details of its mission. a to

the united states. it will be a gateway to enhancing ties between north america and asia. ill allow us to get ahead and stay ahead in the global markets. as we all know, the global economy is undergoing many challenges. the korea u.s. free trade agreement will demonstrate to the world that we can create good quality jobs and stimulate growth through open and fair trade. this is a good example. the passage of the fda has opened up a new chapter in our partnership in our alliance. for the last 60 years we have maintained a strong political, military alliance. now the korus fta signals the beginning of an economic alliance. this alliance will strengthen and elevate our military and political alliance to a whole new level. our alliance is evolving into a future oriented partnership and it will become stronger. when president obama and i adopted a joint vision for the future of the alliance in 2000 we agreed to expand the depth and scope of our strategic alliance. today, we have reaffirmed our common commitment to a common future, a future of ensuring peace and stability on the

. >>> the united states and asia pacific countries are negotiating the trans pacific partnership free trade agreement that will eliminate import tariffs and minimize nontariff barriers in the region. the u.s. is calling on countries such as japan that are considering joining the trade pact to decide quickly. >> we welcome that participation. we aren't going to slow down the current process to wait on them to make that decision. >> u.s. trade representative ron kirk said the country is aiming to forge an agreement on an outline of the treaty in time for a summit meeting of the asia pacific economic cooperation forum in hawaii in november. he said the u.s. is waiting for japan to make a decision. japanese industry is divided over whether or not to join the free trade negotiations. many japanese farmers are against the tpp agreement because they are protected by high tariffs. governing democratic party lawmakers who oppose the tpp are asking prime minister noda about his vision for the country's future. on the other hand, many in the business community say japan should join the negotiati

from the economic standpoint, the asia-pacific region is going to be large. thank you. >> on your web site, you said one of the things you want to do is repeal obamacare. i wonder how realistic that is. now that 26-year-old are staying on the parent insurance. nook au pair -- no cpayopay, mammograms are free. i wonder how realistic it is to repeal obamacare at the cost of reelection to people in office. how willing will they be to do that? >> i'm not into political provide. if you want to repeal obamacare, what we going to do? i cannot stand it when politicians say -- what does that mean? i think we would be better served by calling together the governors of the country. if we were able to repeal obamacare. if the senate reconstitutes itself with more republicans, you have that opportunity. it is driven by the reality that you have one trillion dollars in costs over the next 10 years. you have an unconstitutional mandate. you have unfunded mandates to states on the medicaid side that are likely unsustainable over time. you have this great element called uncert

unstable the country is and he's now a r t tripoli but pepe escobar a columnist and correspondent for the asia times thinks see outlook for the country's bleak and sees comparisons between what i think insert events in iraq seven years ago. loser at the end of two thousand and four is seriously in oktober two thousand and eleven where demur which was took this straw in order to save it this year and see a need to be in to see what that it didn't do when people were saying oh he's going to war pork asian massacre in benghazi need to end it here and see the civil war in libya it's already our deal he never set up a government because they're militias fighting against militias so what i predict piers plunder of the libyan resources you need to really libya as a kind of protectorate puppet government how many kurds i style you know in. tripoli and civil war all over the place i remember you can log on to our website to find out all the latest news and analysis on libya and much more besides that you can't our cartoon gallery to get a fresh take on serious issues from offbeat angle on my exclusive

the u.k. and even asia we'll have a report from the ground in india on those standing in solidarity with american protesters. it's friday october fourteenth four pm in washington d.c. i'm christine you're watching r.t. well let's go to the latest in the occupy wall street movement really taking over this country with occupations now in dozens of cities nationwide on this friday day twenty eight of occupy wall street. here's a look this morning at zuccotti park in lower manhattan as i don't see every day thousands of people standing their ground earlier they were fighting eviction from the park since new york mayor michael bloomberg originally said they'd have to leave for cleaning and told them they would be able to return but they wouldn't be able to bring their tents or their tarps some protesters clean the park themselves and the mayor let them stay but also in new york a video that is going viral right now. this is the video of a new york police officer apparently the really running over an occupy wall street protester not sure of all the details here but these pictures are certainly being se

. >>> the brute force of floodwaters is wreaking havoc around southeast asia. it is worse around thailand. the cresting river is expected to pass through the city at weekend. nationwide, 283 people have been killed by heavy rain and flood. >>> occupy wall street protesters may be headed for another confrontation with police. new york mayor michael bloomberg says protesters must leave the park a section at a time so it can be cleaned up beginning this morning. a spokesperson for the group says it's an attempt to evict them. >>> those are the headlines from cnn, the world's news leader. i'm monita rajpal. "world business today" starts right now. >>> good morning from cnn london, i'm nina dos santos. >> and a very good afternoon from cnn hong kong, i'm andrew stevens. welcome to "world business today." it's friday. the top stories on -- >> g20 finance ministers meet in paris. >> slowing slowly. china's inflation rate eases but food costs are still a worry. >>> and it's semifinals weekend at the rugby world cup. we'll take a look at which teams have the psychologica

pepe escobar a columnist and a correspondent for the asia times thinks the outlook for the country is bleak and sees comparisons between what happened in set with events in iraq seven years ago. lou jet at the end of two thousand and four you know colbert two thousand and eleven what the marines did which was to destroy the norther to say that they need to did to see what didn't do when people say no he's going to. need to end it here and see the civil war in libya it's already are they will never set up a government because they're militias fighting against militias so what i predict is plunder of libyan resources nato running libya as a kind of protectorate puppet government how many cars i style you know in. tripoli and civil war all over the place or remember you can log on to our website to find out all the latest news and analysis on the pier and much more besides so you can check out our cartoon gallery to get a fresh take on serious issues from the time go to the online exclusive section on the site that's an r.t. dot com of course. now the amount of money being siphoned off t

. >> the government plans to announce its decision at the asia pacific economic forum in honolulu early next month. >>> time to check in with our business team now. ai ucher a joins me. today the world lost a creative genius. how are tokyo markets reacting to the news. >> really surprising news just before tokyo markets opened. ra min mel lagarde is at the tokyo stock exchange. european markets surged overnight. we had this news of steve jobs passing. what are tokyo markets reacting to? >> that's significant news for the market. we'll be poring over that for the session. just looking at the opening levels now for the nikkei and the topix. both trading higher in the first few minutes of trading. we're definitely goinging to be keeping track of apple-related products and the stocks here such as kddi, softbank, a lot of the makers of components that go into the iphone and the ipad. we'll be keeping track of that. on a positive note, though, and following on from the gains that we saw in the dow in the european markets here, the main talking point also continues to be the progress for euro

and they're planning an actual occupy type a sole hong kong by jakarta even if lama vod so the movement in asia is growing there's a lot of support for it here in india. and there are a lot of similarities between the goals and the mass ijaz of the people in the united states and here in india we saw a massive anti-corruption movement here in india recently that was fronted by. a worth thousands of young people showed up to support his fast against the government so many of those people are said to come out to this movement as well and many people compare that corruption movement here in india to the arab spring and now people are saying it's a very it has very close ties to what's going on on occupy wall street so as i said very very close similarities there it's also important to note that this by india is growing economy we talk about the growing middle class here it has one of the youngest workforce is in the world people here are a little bit suspicious of these multinational companies the corporations that they're talking about over in the united states the sickly american companies you s

of pepe escobar a columnist and correspondent for the asia times thinks see outlook for the country's bleak and sees comparisons between what happened in sirte events in iraq seven years ago. lou jet at the end of two thousand and four is seriously in oktober two thousand and eleven what the marines did which was to destroy the norther to say that they t.n.c. a need to did to see it that what gaddafi didn't do when people were saying oh he's going to all massacre in benghazi need to end it here and see the civil war in libya it's already on they will never set up a government because they're militias fighting against militias so what i predict is plunder of the libyan resources nato running libya as a kind of protectorate but with governor hamid karzai style in. tripoli and civil war all over the place i remember you can log on to our website to find out all the latest news and analysis on that and much more besides check out our cantin gallery to get a fresh take on serious issues from offbeat angle. non-exclusive section on the site. dot com. the amount of money being a siphoned off

cutting across japan as well as the asia-pacific region. olympus shares also as shares have been trading down the last four trading sessions, down over 40%. in fact following the ousting of its ceo and president michael wood ford. still to come out of u.s., we have exist home sales, jobless claims and earnings from microsoft. back to you. >> thanks a lot, ramin. ramin from the tokyo stock exchange. >>> china's producer of rare earth metals suspended production in a move, it says, that will help balance you apply and demand. air rather high-tech announced it was halting smelting at its plants for one month starting on wednesday. it sites a continuing fall in prices. low demand and oversupply. it says the stoppage will stabilize the market. the company is based in inner mongolia in eastern china. rare earth metals are used in high deland used in everyday devices such as hybrids and air conditioners. this pushed up the international prices of the metals. the high cost forced some trading firms to stop buying rare earth metals from china. the d

the asia-pacific region is a maritime theater. whereas europe was mostly a land theater. for the u.s., the asia-pacific features a collection of bilateral military alliances in contrast to the presence of nato. in the asia-pacific is full of disputed islands and resource claims when compared to the relative calm of other regions. we are a pacific nation, and our vital interest in that region cannot be compromised. number four, we must strengthen our relationships with the major powers of the world. our traditional alliance relationships with europe remain vital to american security. and we should also work closely with our friends in nato and the european union to bring russia, a sometimes difficult actor, closer to the west. but i believe that the re- emergence of two ancient lands, china and india, will most influence how american navigates the 21st century. first china. there is no other relationship that is mismanaged, carries a greater negative consequences for america and the world. stewardshipy, whwise of the u.s.-china relationship will make america and our allies

the market. returning now to central asia to focus on the legacy of ten years of u.s. led conflict in afghanistan artie's military analyst and howard will says little bit sheaves to make ordinary people's lives better despite the trillions of dollars that's been spent when it comes to itself the country has been turned into the drug basket of the world the ninety three percent of the market cheer in canada bees and popular party after nine eleven the united states came to afghanistan in search for osama bin ladin. they didn't promise to reveal the contrary. but for many evidence their perception was that they would. ten years later and trillions of dollars be invested spent and wasted a paradise was built it turned go to be five star paradise totally off limits to the ordinary africans and accessible exclusively to international and local only time to see how the world's money markets are starting the week you'll hear joins us with this. hello and a very warm welcome to the business program one of russia's leading wireless internet providers is setting itself and busin

casualties reported and thousands of people have been trying to escape the bloodshed pepe escobar from the asia times says the media's attention on the battle means it's ignoring the high human cost. the only covert shit that you see in western mainstream media corporate media is about the adventures of this so-called true revolutionary forces this is not a resolution this is a civil war which was adopted by the nato powers in the us so in terms of this is really in population searches a city be there more than a hundred thousand of an insert six. ten thousand let's look twenty thousand there's still most of the civilian population still dish do we bombed by nato need to bomb at least half of the sitting clue thinks what they said was scattering installations all across town this is that cluster all the. responsibility to protect leaks was theoretically the reason we need to scream in each area and. intervention in libya so if the good guys are being attacked by qaddafi's forces are to be up lots but if the bad guys are in school instance seriously sure is r two p. does not apply so in terms of