tim parker, ceo of samsonite international.back to you. >> ramy, thanks ever so much again. >>> it's enjoyed a century of breakthroughs in technology. ibm will be turning 100. we take a look at its inventions from the time clock to the electric typewriter. >>> this is "world business today." welcome back. as promised let's go back live to st. petersburg where we can join john defterios at the economic forum in russia. we have you. you were telling us about privatization and the deals there. take it away. >> they're trying to start this on the right footing, nina, basically. a $50 billion private equity fund, $10 billion being put up by the russian government. this is seen as a safety net, knowing that one-fifth of the money would come from russia. hu jintao is attending here and is in moscow right now. they've had discussions with at bui dhabi investment authority and the kuwaiti investment authority as well. $50 billion if they can get it, over a five-year period to start new companies in russia. >> you know, john, the economi