you cited an example mice -- yourself, the global post. market watchers also operates under that philosophy. we are trying to think on a daily basis what we can give that gives a global overview of what is in the markets, diving down deeper for the people that want to get deeper into it. yes, the proliferation of the hyper local media does present challenges. the idea that we could just aggregate something to give a global overview is difficult to imagine without editors. there will always be a journalist in any form. they have the expertise you are talking about, taking a look at a story, picking out seven that need to be put on the front page. we will see that in newspapers, weekly magazines, or daily online. >> barry? >> i think the idea is overrated. if you look at the number one source of news on the internet right now, y'all who. -- got to -- yahoo. no. 2 is cnn. they are not being filtered in a lot of cases. on the other hand, the stuff on the long tail, political blogs, typically are performing a supplemental role. they are continui

global post. talk about what the convictions and the optimism was that expired -- inspired and what it is now. >> so, global post starts as this split screen here in boston. i have been working at the boston globe. i've come off 06 of ten years as a foreign correspondent. i feel like i've reached that moment where this work really matters and it's that moment at which the boston globe pulls the plug on its foreign operation and decides they're no longer going to have any international news. i'm feeling very sad about this great institution that i love. i know the people who made those decisions are sad, too. but something is going to have to be born out of this. so i begin to do, what a lot of journalists think, starting a not for profit. i don't have that business skill and i'm thinking i would love to get $30 million. i know i could pull the team together. where can i get the money? i start with a not for profit model. i am doing this while my four sons are pounding above me on the floor boards in my little basement office and i'm thinking, i can't leave the boston globe unless i really have fun

it will help people understand what global post does. we have the visual of this. lain. >> this is a story that we did last summer. what we have been trying to do a global post is to think about how we can stay with a story but also create an environment of understanding that takes you in depth. this is a history of the taliban. i started covering the taliban in 1996, because the then- foreign editor of the boston globe sent me and said there's this new movement called the taliban and check them out. it fantastic photographer started covering it at the same time. we have known each other for a long time. this was a journey back to understand that. there's one story that needed the photographer nor myself broke that was inside this series. and that was by our kabul correspondent. we were having lunch in kabul, a big ngo hang out. this swarthy ngo came past and give her a hug, and she said he has a contract or they actually have to pay the taliban protection money. i dropped my fork and said, excuse me? and she said, yeah, everyone knows that. an acid, and no, they do

the economy. but i think he will make an argument about america needing to thrive in a global economy. >> reporter: the latest abc news/"washington post" poll finds 72% of americans say the economy should be the top priority for the president and congress. and this year, there's at least a symbolic sign of cooperation. at least five dozen members of congress have signed on to bipartisan seating. they hope to visually bring the difference that has always been so clear across the aisle. this year, republicans and the tea party will give state of the union responses, really giving us the first test as to whether this professed spirit of cooperation actually extends beyond the president's words. rob and vinita? >> emily schmidt, in washington. thanks, emily. >>> and tonight, abc has live coverage of the president's speech and the republican response. it all starts at 9:00 tonight, eastern. >>> there is another high-level departure from the white house staff. energy and climate adviser, carol browner, is leaving. browner got automakers to improve fuel economy and emission standards. and got billions of stimulus dollars for renewable energy

don't think we can say one is more important in the other would say both need to be addressed in this post crisis period and is there a risk that the global financial crisis may turn into a social crisis there is a risk and that's that's one of the issues that companies are doing well. balance sheets are very strong but if you look at people's own pocketbooks or if you look at the high levels of unemployment there's still several years of pain for for many people in many of the western economies so that could turn to a social crisis and this is actually one of the reasons when we look for the shared norms for the new reality the new reality is that there are these multiple challenges we need to deal with together part of the shared norms is will we come together to deal with these challenges and i must say and that to that extent president medvedev decision to come and join with us here to ensure that russia's voice is heard to show that in fact terrorism won't stop the international cooperation from continuing was a very powerful and positive sign so if if these social climbers says is that is really possible does that mean we should exp

secret that china is on the up and up when it comes to the global economy now chinese president hu jintao just gave an interview to the washington post where he said the currency system with the dollar in the lead is a product of the past so we want to know what you think do you think of the yuan will ever replace the dollar as the international reserve currency you can respond to us on facebook twitter and you tube and who knows your response just might make it on air. now you've heard the phrase before commit to staying the course whether it comes to the us wars in iraq or afghanistan that phrase may be implying that america will have a very long term presence in those countries but could there be an underlying motive to stay the course maybe has something to do with certain groups profiting from these wars lucrative government contracts great influence from defense contractors artie's lauren lyster explains who profits from our your wars abroad fifty hears after dwight eisenhower warned of the military industrial complex. when it comes to the afghan war well over half of americans oppose it and after a year of record casualties an

find out what's really happening to the global economy for a no holds barred look at the global financial headlines. as a report on. its way around moscow this post is private us adults and. not to spoil the investigation he's playing crashed with going to school games the comment follows the report by the in-state commission into the course of the tragedy. russia is a co-sponsor of the middle east peace process and will continue its efforts to settle the conflict president dmitry medvedev made the comment to the meeting with the king of jordan as he wraps up his tour of that we. supervise is in talks the chinese president hu jintao meets his u.s. counsel. washington over beijing's growing influence on the global stage. next the energy industry gets the cash pumping false again. gas falls whether it will make the wells fronts all recovery run out of steam. if you can. stay. close to me welcome to cross talk on people about the one hundred dollar question the rising price of oil the cost of petroleum has been increasing steadily over the past few weeks and months are market forces at work and is the global recovery at risk. you can. start. to disc

the oil giant posting its fourth straight quarterly profit thanks to the global demand for oil and risingces. the dow, s & p and nasdaq all actually trading higher. the nasdaq a bit lower but you can see the gains are pretty muted. the silicon valley index is actually trading up just slightly. the san francisco-based mccease son. more than 32,000 people. shares are down a bit. quarterly results after the closing bell today. it is the nation's largest drug distributor. thinking about staying in a hotel, you might want to book soon. prices are going up. several leading hotel chains including marriott are jacking prices up. the hotels are raising prices incrementally, planning on continuing to do so because the return of leisure travel. live at the new york stock exchange, i'm jane king, bloomberg news. >> thanks very much. >> it's 6:47. this morning there is a clear front runner for next month's oscars. the king's speech was the big winner at the screen actors awards last night in los angeles. colin firth won best actor for his role as king george the 6th. the biggest competition is expecte

they were complaining about the globalization and all the effects of it. and i looked around the post is being displayed at that rally come and to all sorts of different groups represented. but there was one poster that stood out, so when i put on the lettering, worldwide campaign against globalization. [laughter] and you understand what people meant. in france that an anti-globalization campaign which was very typical, and it said no to 2000. thousand 2008. i completely -- but i want to say that was been happening over the past few years and what is likely to happen over the last few years raises profound questions about the global economy, our global society and our role as citizens for the future. and in any great city, this is the greatest city of america, new york him any great city is the profound question we have to think about, the good news and bad news is about globalization is this, the difficult news for america and europe to accept is that for the first time in 200 years of industrial history, for the first time even going through wars and depressions and wars again, we h

the government playing out. >> that story obviously developing. we will keep you posted. two days after the moscow airport bombing that left 35 dead, the russian president has called for global action to combat terrorism. medvedev told the world economic forum in switzerland today that success depended on solidarity and concerted effort by all governments. >> delayed, russian president medvedev arrived at the summit in doubt those laid -- in davos late. before his speech, the delegates observed in that silence as a mark of respect to those killed and injured. the attack inevitably dominated his opening remarks. tragedy had shaken russian society and provoked indignation throughout the civilized world, he said, but he noted it had not stopped him from coming to that post -- davos. >> they expected and hoped that the president of russia would not come here to attend the forum, among other things, of course. this is the criteria used to choose the time and place for committing that act of terrorism, but they miscalculated. russia is aware of its place in the world. russia is aware of its responsibilities to its citizens and will comply with them, and its responsibility to the w

the biggest winner in december with sales jumping 26%. gm and chrysler are posting double-digit gains. toyota is the only major auto maker expected to report a drop due to the global recall. back to you. >> facebook's cash infusion has investors speculating about what's next for the wildly popular company. news that goldman sacks and sky technologies will pour a combined half billion into the site and has investors looking to own a chunk of it. it has an estimated value of $50 billion. a board member said the company would consider going public in 2012. if it does, it would be one of the most anticipated ipos ever. we will have reaction from palo alto coming up at 5:15. makers plan to get smart about the products after the 3d tvs didn't work out. they are moving on to sets with internet access. so-called smart tvs built with computers and operating software letting them run aps. manufacturers want to make it easy to shop and surf the web and check the weather and traffic and check out customized news pages. restaurants adding ipads for patrons. eateries from fast food chains are showing off offers with menus and wine lists. some allow them to enter credit card inf

the russian president dmitry medvedev has called for global action to fight terrorism. here in britain, there is widespread criticism of the bbc decision to cut 650 jobs from world service radio. that means one in four posts will go. so, too, will be some language services, some of those in the balkans. the bbc blames cuts in government funding. this report. >> it started as the bbc empire service. for more than 80 years, it has helped it. but now, it is facing the biggest cuts in its history. >> it is a sad day for those in the world service and for those losing their jobs. however, the world service is such a strong important thing for britain and our audiences that we have determined to make sure that it is supported. >> today's world service broadcasts in 32 languages, including english with a big reduction in its fourth office koran, and there are big changes. the cuts include the closure of five language services completely, including those in serbia and albania. a further seven, including russian, whereas and broadcasting on line, and the bbc says 30 million listeners will be lost thanks to those changes, and will also affect some services in hindi and swahili. it is about the cuts will do great ha

speech which by the way was called maugham of us in two thousand and seven after a decade of posts soviet economy compared to crew turmoil russia has reasserted itself as a leading global player. as a member of the cheap eight as a member of the cheap twenty and as a so-called bric country m do you have leadership. has successfully overcome for concert well as we're listening to. the words from the executive chairman of the world economic forum he's welcoming everybody there to the opening ceremony all the ring that's taking place. and as we're reporting the official opening speech will be going to. russia who's there on a stage at the moment while we're seeing the executive chairman there addressing the audience let me just fill you in on the background of this annual event taking place there in davos in switzerland thirty five heads of state and government gathered for the first day. they're also around two thousand business leaders from ninety countries and many issues will be discussed over the next couple of days or so one of the issues expected to actually dominate the talks is the shift of economic and political power to developing nations wake of the u.s. and e

the "washington post". >> guest: yes, the global currency order of the product of the past. this is him having a shot at the management u.s. dollars, printing money, which what china feels that washes back on the issues and stokes inflation. that's strew, but i think china is exaggerating to put u.s. on the defensive. the real problem is not u.s. money printing it, but chinese monetary policy flashed open wide to cope with the financial crisis. i think, you know, that's a stick that the chinese use to beat the u.s. up a little bit and they'll do that. >> host: in "usa today" this may help u.s. exports. >> guest: absolutely. it's one thing for the china to revalue its currency and make exports more expensive. if you have inflation, the goods are more expensive. it's like reevaluation in the back door. the official amount of the chie -- china's currency on a nominal value puts you through inflation and then dowels that. >> host: the deal between ge and china. what's the details? >> guest: i have yet to see the complete details, but the core is ge transfers technology to china

the command expand globally. just like the controversy over gaps' new logo this is brewing protest among coffee lovers. one postucks website calls it a total waste of time and energy. >> have some more caffeine. >> exactly. >>> right now automakers shows off their latest, greatest technology. mark sayer with a look at what's hot. >> reporter: you'll find a mix of fun and practical. how about this chevy. american pride. turns the car in a tribute to american history and its military heros. >> we are considering the chevrolet volt. waiting for it it come out. >> reporter: he is interested in the practical side checking out the new chevy volt which plugs right into an outlet in your home. >> well, as everybody knows, the price of fuel is going up and up and now they are speculating fuel prices being $5 a gallon here in the near future. >> reporter: and even though the toyota prius has been on the road in the united states for a decade, the 2012 model also includes a plug. it too promises no use of fuel at all if you only drive short distances. >> so essentially if you're just commuting around town. you're saving a

the global economy. the i.m.f. recently raised its forecast for world economic growth to nearly 4.5% this year with a slight improvement next year. developed nations like the u.s. are expected to post just small gains. instead, the i.m.f. says the big winners will be asia and other emerging markets. economist david wyss sees one major reason developing countries are growing so quickly. >> a lot of the developing nations are commodities exporters. commodity prices have been very strong. they went down a bit during the recession, but they've bounced back. and therefore they're doing fine. >> reporter: but there are some risks that could threaten the global recovery. one is the return of panic about european debt loads. economist bob brusca says another concern is political instability in the middle east. >> it has reared its ugly head again. and it's always something that's sitting there in the background. we know that we have a lot of fairly unstable governments in areas that have important mineral resources oil in particular. >> reporter: the big question, of course, is what the global outlook means for u.s. investors. if developing countries do well, analysts predict big gains for

posts. on. the. market why not. find out what's really happening to the global economy with max cons are for a no holds barred look at the global financial headlines kaiser report. we use special interest an accessory quick moment. they are ready for replay. taken off one. became their nominee. as it should and those people with goods in their previous life. want to soak in a free flight. fast fast. fast.

empire the news corp you have a new global media enterprise and if you shake that agenda at all your interests i mean. murdoch stands over fox news channel the wall street journal and the new york post the fox channel is definitely seen as the most partisan and the most focused on advancing a particular political party and a political interest so is this because of rupert murdoch's personal interests definitely there's no doubt about it we will hear general electric one of the largest military contractors for the u.s. government plus comcast one of america's largest cable providers are joined by the hip running the n.b.c. network the floor of the hudson river is covered with carcinogenic p c b s these toxic janick dangerous chemicals that were put there by general electric general electric owns n.b.c. and b c has not taken any trouble to report on this massive environmental story. with the innocent face of mickey mouse as their trademark disney is the proud owner of a.b.c. when a.b.c. was bought by disney and there were some a.b.c. stories about improprieties at disneyland is the world disney killed those c.n.n. and time magazine belong to time warner joining the media giants are c.

coming out of the crisis and early in post prices environment i think there are mid-level retailers are going to do really well they're the next one in the line to show strong growth. and the global has had a two and a half month high last december and it continues to grow analysts predict further strengthening of the currency as all prices remain high with market watchers confident in the global stock exchanges but in a coach reports. the russian ruble strength in two point eight percent against the us dollar and nine point four percent against the euro between january end of them by twenty ten december drugget more games rising oil prices and returning confidence in russia after the crisis fueling the rally. for the rupee remains flat even though it's hard to make predictions i believe the ruble be strengthening twenty level and remain stable. the central bank of russia says it may relax controls on the ruble further next year as it aims to make the currency free floating. this is key in realize the the government's ambition to promote it as an international reserve currency the importance of the ruble has also recently been giving a boost by the start of trading against the ch

the attacks, congress committed tens of billions of extra dollars to launch a global offensive against al qaeda. >> yet in this first war of the 21st century... >> narrator: since then, washington post investigative reporter dana priest has been tracking the growth of that terrorism-industrial complex-- not just internationally, but also here at home... >> ...oregon, virginia, california, texas and ohio... >> narrator: ...where the vast effort to fortify domestic defenses began with creation of the department of homeland security. >> homeland security is, by far, the largest merger in government history. there were 17 agencies from multiple departments-- coast guard, the secret service, fema, all being fused together into one organization. and all at once. >> narrator: they broke ground on what will become the home of a mammoth bureaucracy. its $3.4 billion headquarters will rival the pentagon as the largest government complex ever built in washington. >> you had something that you should never offer a bureaucracy, which is a candy store without a price tag. >> narrator: when dhs was first created, official washington believed 9/11 was a failure of federal intelligence agencies to c

the u.s. and europe picks up this comes after russia's two thousand and ten oil output beat post soviet records to reach ten point two million barrels a day jorge want to pick a global director of market reports at plants in london says russia will only benefit from the increased oil production. this recent highs that he has had in production is because a nor fields came into play such as. so over time the geology of the ground of course leads to less production from existing and you need to renew those fields by either having a secondary of tariff. or going into north areas to produce more oil so it's clear that russia needs to have the taxation as well as the incentives to transport that oil from your very harsh areas such as eastern siberia to maintain that record high in production but so far i think it is clear that russia is having a really good time in terms of producing more and selling that oil are record prices so again very good news for the russian economy. russia is the leading export or of energy resources but also one of the most energy inefficient economies in the world but both state and commercial businesses have modernization projects in the pipel

the biggest winner december with sales jumping 26%. gm and chrysler seen posting double-digit gains. toyota expected to report a full year sales drop mostly due to the globalalls. a $500 million investment has them thinking you can buy stock soon. the home of facebook is responding. bob redell is here with early risers. what's going on? >> very early. good morning to you. happy new year. we are a few blocks down from facebook headquarters in palo alto. yesterday goldman sacks and rushman investors announced they were putting $500 million and puttingation at $50 billion. because of an fcc rule, we are not getting details about putting pressure to ipo sooner rather than later. the question where people are familiar with the company. would you invest in facebook if they were to ipo. would you buy shares and do you think it won worthwhile? >> definitely. it will have legs and there is 500 million registered users and i enjoyed myself. i have been in contact with people who haven't been in contact for ages. it's so much easier than a phone call. i think the question is, we don't know what it would be priced at. would it be overprice and would you get the best v

the moderator's today are maya rockymore president of global marketing solutions and jonathan of the "washington post" and jamal simmons of the rayburn group, and we are elated that despite the snow, and i'm from texas originally, and i had never seen mass panic by a sprinkling of snowflakes like i have seen here in washington where it snows every year. nonetheless, you have taken time out of your busy schedule to come and share in this exciting and what we believe to be necessary discussion today. we will begin with panel one moderated by maya rockymore. like me, she is originally from wichita falls texas and also, like me a graduate of a and m university. she also happens to be married to a friend, my colleague and former chair elijah cummings. dr. maya rockymore leaves the global policy solutions that washington d.c.-based policy firm that works to create and advance social change strategies for the world. a former adjunct professor and the women in politics institute at the american university. she has also served as a vice president of research programs of the congressional black caucus foundati

the moderator's today are maya rockymore president of global marketing solutions and jonathan of the "washington post" and jamal simmons of the rayburn group, and we are elated that despite the snow, and i'm from texas originally, and i had never seen mass panic by a sprinkling of snowflakes like i have seen here in washington where it snows every year. nonetheless, you have taken time out of your busy schedule to come and share in this exciting and what we believe to be necessary discussion today. we will begin with panel one moderated by maya rockymore. like me, she is originally from wichita falls texas and also, like me a graduate of a and m university. she also happens to be married to a friend, my colleague and former chair elijah cummings. dr. maya rockymore leaves the global policy solutions that washington d.c.-based policy firm that works to create and advance social change strategies for the world. a former adjunct professor and the women in politics institute at the american university. she has also served as a vice president of research programs of the congressional black caucus foundati

the last 4- quarters. >>> ford motor company posted it's largest profit in 11 years but it missed fourth quarter revenues and got hammered on wall street closing off 12%. globalsales are up and cost cutting measures are working. the auto maker said it's 40,000 hourly workers will receive profit sharing checks averaging $5,000 each. that's the most since the year 2,000. >>> and we are following breaking news coming from the mendota canal. >> we'll have much more on that, we're going to take a break and coming right back. >>> we're staying behind developments on the vehicle linked to the kidnapping of a 4- year-old little boy. >>> and we're talking about state's enthusiasts about looking back and looking ahead. get oscillo and feel like yourself again. oscillococcinum, nip it in the bud. >>> we continue to follow breaking news happening in patterson where just about four four minutes ago we brought you pictures of the sheriff's taking out a vehicle. >> the question now is how soon will investigators know if they don't know already, and how soon they will let us know what was inside of that toyota carolla that belonged to rodriguez. ken pritchett has been live a

the washington post." in about 45 minutes, we will be talking about trade and the global economy.ing up next is a discussion on regulation and job creation. you are watching "washington journal." today is monday, january 24. we will be right back. ♪ ♪ >> tuesday president obama delivers the state of the union address. coverage begins at 8:00 p.m. eastern. then the republican response from house budget committee chairman paul ryan of wisconsin. you can also watch the address on c-span2, followed by reaction from members of congress. >> do you solemnly swear to support and defend the constitution of the united states against all enemies? >> the senate returns to work this week, including the new class of freshmen senators. learn more about them online with c-span's congressional chronicle. find a full video archive of each member. congressional chronicle at c- span.org/congress. >> this c-span networks provide coverage of politics, public affairs, nonfiction books, and american history. it is all available to you on television, radio, online, and on social meehan network -- social m

posts in 180 countries will gather at the state department. it was called to discuss foreign policy privates for the year. this is the first of its kind, the global conference. >>> the mother of 4-year-old giuliani cardenas is convinced her son is still alive and is asking for the public to continue looking for him. at a vigil in modesto, the mother distributed flyers and asked people to post them on the cars and thinks the ex- boyfriend might be disguising him. she's asking everyone to keep an eye out for the suspect so, jose esteban rodriguez. >> we don't know where he is. my gut tells me my son is still alive and i need help, you know, for people to keep their eyes out. >> when rodriguez's car was pulled from the canal on friday, two windows were open and there was no sign of the boy or rodriguez inside. the sheriff's office believes their bodies are somewhere in the 99-mile canal and they're focussing their efforts there. >>> tonight, governor jerry brown lays out his plan for fixing california's budget problems in his state-of-the- state address and we're hearing the governor will try to convince californians to go along with his plan to ext

2011 will become the founding year for an open door japan, but also a year in which all japanese set their sights and truly global business just as we did during the restoration and early post-war era. to expedite the process of opening japan, we need to minimize poverty and unemployment, the factors feeding misery. many citizens are concerned about the future of our social security system. during the house of counsels' election last year, the issue over raising the sales tax was broke without warning, and voters showed little sympathy towards it, yet it remains clear to all discussion over tax reforms including the higher sales tax rate to finance japan's social security system is imperative. fortunately, the liberal democratic party and others have taken a similar position. i believe the time has come to engage in such discussions in order to establish a robust social security system. we must begin discussing the issue of revenues on a nonpartisan basis. i call upon the opposition parties to partake in these talks, and in regards to the security of the asian-pacific rooj region, it is necessary to take action not only on the needs of our country, but the security and stab