the u.s. tax code is infected with the chronic diseases of loopholes and inefficiency. these infections are hobbling america's drive to create more good wage, red, white and blue jobs here at home. they are a significant drag on our economy and are harming u.s. competitiveness. the latest outbreak of this contagion is the growing wave of corporate inversions where american companies move their headquarters out of the united states in pursuit of lower tax rates. the inversion virus now seems to be multiplying every few days. medtronics' proposed merger was record breaking when it was announced in june. but the ink in the record books had barely dried when abv announced its intention on friday to require shyer for almost $55 billion. according to the july 15 edition of marketplace -- and i'm going to quote here -- what's going on now is a feeding frenzy. every investment banker now has a slide deck that they're taking to any possible company and saying, you have to do a corporate inversion now b

coming up on r t will u.s. drones be shipped abroad the u.s. government could be moving closer to adding military drones to its export list details on that just ahead. and cook their soon to be six california supporters of the six state initiatives say they now have enough signatures to put the idea on the ballot in two thousand and sixteen the details on this potential vote coming up . and in response to u.s. spying germany is looking for ways to protect its privacy now the head of germany's and i say inquiry is suggesting a counterespionage tactic that's rather old school find out more later in the show . it's wednesday july sixteenth five pm in washington d.c. amir i dated and you're watching r.t. america. u.s. military drones may soon be expanding their reach across the world u.s. export control officials say they may be willing to ease some restrictions that have limited the sale of american made military drones overseas artes make has more . american might not manufacture its own clothes or shoes or even fly exist days but if there is one

dollar and the u.s. general you know more so than a union pollers is becomes more of a geopolitical speck now than just the financial is a political tool to think the u.s. uses it as that will each country you know is using its own tools to earn to influence the others ok that is arsenal to the u.s. as well tools. that are just the richest country in the world by phone all right on out the clock thank you very much indeed for joining me today from the three center of the mosque a financial. and to king of global banking well the powers the five nations brazil russia india china and south africa aidid in brazil for the eve of the summit a message to finalize the details of the development bank that we've got are very i missed calls start he's in the country just now for a stop or tell me what do i expect asians and what is on the agenda this week for the first is the development bank or the brics bank as it's going to be basically this is going to be a war chest for times of crisis is going to protect the

and will u.s. drones be shipped abroad the u.s. government could be moving closer to adding military drones to its export list details on that just ahead. and could there soon be six california supporters of the six state initiatives say they now have enough signatures to put the idea on the ballot in two thousand and sixteen the details on this potential vote later in the show. it's wednesday july sixteenth eight pm in washington d.c. i'm near a david and you're watching r t america. the u.s. announced today that it has decided to impose unilateral sanctions on russia over its involvement in ukraine today the obama administration targeted a series of large banks along with energy and defense firms the president himself took to the podium to announce the new sanctions take a listen given its continued provocations in ukraine today i have approved a new set of sanctions on some of russia's largest companies and financial institutions along with our allies with whom i've been coordinating closely the last several days and weeks i've

u.s. base stripping including through so-called inversion transactions. in june 2012 at the g-20 sum miss in los cabos, mexico, the leaders of the world's largest economies identified as a significant concern the ability of multinational companies reduce their tax bills in high-tax countries by shifting income into low and no-tax jurisdictions. the result was the g-20 oecd betts project. and the betts action plan endorsed by g-20 leaders last september in st. petersburg. the betts action plan outlines 15 specific areas where governments need to work to change the tax rules that encourage companies to shift their income at the expense of the tax base and our own tax base. the betts project is expected to release the first set of recommendations this fall and is set to conclude its work with final recommendations at the end of 2015. the united states has a great deal at stake in the betts project and a strong interest in its success. our active participation is crucial to protecting our own

stark the u.s. dollar you know they have just no choice they have to apply it to avoid on one hand to their home rules or regulations. because the. subsidiary of. you was involved as well and on the other hand they have to avoid to respect the international order the u.s. regulations yeah although in this case you know it was something which was. unrelated so it's a very is interfering by the u.s. side because obviously it is a separate culture isn't it to surprised countries so all you can see all of one somebody who's interfering but on the other hand it is their own currency yeah so as long as you use you know. this is a national currency and the central bank or federal reserve has in is it's all right to the side of things as it won't be goes its own currency so this is the funny thing with the u.s. dollar is that on one hand it's the u.s. currency on the ties to. work as a country rules and policy and currency point that's it yeah and all the other hand it is the currency of the world and is th

as you know, i came to u.s. mid 1970s and left the u.s. just some months and weeks before the victory of islamic revolution 1979: and i came back again 2009. actually 30 years later. in these three decades, i had an opportunity to be engaged in major events and occasions related to problems between rapp and the west from hostage-taking conflict 1988-1989 to afghanistan crisis, salman rushdie, fatwa against salman rushdie, nuclear crisis, different administrations, different periods, working in parliament, in national security council, this foreign min -- in foreign ministry. most of the time i spent on problems, relations between iran and the west. i was seven years in germany as ambassador, and it gave me a great opportunity to discuss with europeans. at that time we had critical dialogues the differences on human rights, on terrorism, on weapons of mass destruction, on peace process, israel, hezbollah, all of these issues with the europeans. officially, unofficially with journalists, scholars, officials. and when i came back 2009 to the

u.s. congress and bitter partisanship, why do you want this job? >> thank you chairman sanders for the question. i think it's a good question. it's a question my family and i have talked a lot about. i desperately want this job because i think i can make a difference. i think that my entire career whether it was starting at west point, being in the second air born division. being in the proctor and gamble company for 33 years has prepared me for this task. as i said in my prepared remarks, i don't think there's a higher calling. for an opportunity for me to make a difference in the lives of veterans who i care so deeply about. >> congressman, who do you make of mr. mcdonald. >> that would be a tough question to answer why anyone who want the job. i appreciate his background and i appreciate him stepping up to that but he's stepping into a department that by all accounts has some cultural problems. lack of accountability. it's an uphill task. when he comes in, he can't remove many of the to

the u.s. is now considering opposing you know wather all sanctions on russia over its involvement in ukraine u.s. and european officials say the move reflects the obama administration's frustration with europe's on willingness to take a tougher stance against moscow artie's guyon a check yon has the very latest. the u.s. is trying to isolate russia economically by working to get europe to agree on six tour of sanctions against russia but here the u.s. may be facing the risk of isolating itself as european leaders meet to discuss this word is that at least nine european countries are prepared to block sic toral sanctions including germany france and austria one source said they might agree on a modest expansion of sanctions but are definitely not prepared to cut their multibillion dollar partnership and trade with russia thousands of european companies are doing business with russia the jobs of hundreds of thousands of people could be on the line the decision on sanctions would have to be unani

u.s. financial regulators they don't really seem to care not that much so huge u.s. fines and foreign banks are having some unintended consequences what will they do where will they go we look into it coming up then dr barry eichengreen is on the show today dr ivan greene has done considerable research on the history and operation of the international monetary and financial system and he sat down with walker earlier today to discuss the validity of a country probably regulatory and foreign dubious and in today's big deal edward earth and i are discussing an old british summit held in brazil right now sorry no more soccer for you but we're finding out what this means for the emerging markets the brics the means it's all start right now. now our lead story today actions and consequences massive fines placed on foreign banks by the united states are garnering a lot of pushback from the international banking community now this comes following the nine billion dollar fine that french bank b.m.p

the u.s. jut lined the decision to allow private sector companies into the emergency market during a discussion today. he was among several speakers talking about mexico's efforts to increase gas and oil production, which in the last 75 years has only been controllinged by a state-run company. this is an hour and a half. >> okay, everybody. welcome to csis. happy everybody could get here on such a hot day. this is washington. it's this time of the year, but hopefully the air-conditioning will hold out. delighted to have everyone here. and delighted to have an opportunity to explore this topic. talking with the ambassador just a few minutes ago, he said you used to have a mexico program. we did. and that was back when she was with us. she did a terrific job of creating a mexico program. we have not really caught our balance since then. we are making up for it today by taking pieces of mexico. we need to get together to talk about how we do all of mexico. i'm glad we could do this part. we have

we know the u.s. secretary of state john kerry will be meeting with his german counterpart on sunday, face to face. >> yeah, and i think on that level, it is clear this dramatic move by germany will make an impact. it will be absolutely wrong to underestimate how dramatic this move was. one analyst pointed out to me -- germany could very easily have expelled a much more junior intelligence official, but they chose to go for the station chief. that is absolutely a dramatic gesture, and one that is serving as the wake-up call it was intended to pay, i think. there is no way john kerry can ignore that this weekend. but no one should expect them to make any big promises. as we were just hearing from simon, there should not be any great expectations of this. look how far apart they are in the overall attitude to intelligence. intelligence services for the u.s. are not simply about fighting terrorism. they are for understanding better the motivations of other states, and that includes france. >> all right,

as you know, i came to the u.s. in the mid-1970s and left the u.s. some months or weeks befo before. revolution in 1979 and i came back in 2009, actually 30 years later. in these three decades, i had an opportunity to be engaged in major events and occasions related to problems between iran and the west from hostagetaking crisis in 1988, 1989, to the afghanistan crisis and salman rushdie fatwa, the nuclear crisis, different at demonstrations, different periods working with parliament and the national security council and foreign ministry. most of the time i spent on problems and relations between iran and the west. i was seven years an ambassador and it ate me a great opportunity to discuss with the europeans, that time we had critical dialogue, the difference between mass -- weapons of mass distraction and all of these issue. the journals and scholars and officials and when i came back to the u.s. in 2009 was completely different because i didn't have an official hat, access to tens or hundreds of american foreign foreign-policy experts in think tan

the u.s. faces a talented belgium squad. >> he's a player who's -- who can change a game, and it's important now because he's played against some of these defenders for a year now. and so, it it is important. it's a guy with experience. and the dynamic of the team changes when he's not in the game. >> reporter: but what's not clear is whether altidore will get the start. meanwhile, team usa's coach seems to stir up controversy every time he speaks. jurgen klinsmann criticized soccer's governing body for appointing an algerian referee to officiate today's game. >>> he's coming from the same group from belgium and algeria and they've moved to the next brounsd. he's able to speak french with their players on the field. not with us. and it's the country that we beat in the last second in the last world cup. >> reporter: back in the united states, the game is expected to draw millions of viewers. just as an earlier rounds, large-scale public watch parties are set up across the country. and it's a s

the u.s. is pointing the blame at russia him a the first time the u.s. has accused the country of a direct attack. i am joined by bloomberg news's ryan chilcote in london. will the accusations move the needle at all? changet going to president putin's behavior? you have to assume if they are firing into the russian part of ukraine, someone might see that. just because the ukraine is showing -- it is not going to change his behavior. when it comes to europeans, who i think are the real target for these images, these statements from the u.s., things might be a little different. they started moving closer to the u.s. and pushing for more sanctions. there is a process, though. this is a way for the u.s. to nudge them along. the u.s. wants to isolate russia but minimize impact on its own businesses. in order to do that, it needs the europeans on board. it will appease u.s. business interests who are concerned that if the u.s. goes it alone, then russia will retaliate against american businesses. th

the u.s.-based fapharmaceutical and delivery company to be the latest in the tax aversion deal. they are higher by 1.2%. we'll talk through the details of that shortly in the show. rsa group could be set for hundreds of millions of pounds of writedowns with devon hester speaking with sunday's telegraph to decline to put a value on the writedown but said making tough, strategic decisions could allow them to recover fully within three years. we'll check that to make sure that stock is performing properly. we are just shy of a half a percent. they have raised the possibility of a future breakup of the group with far-reached reforms for the top drugmaker. andrew witty said they have the option to spin up the consumer business but said there are no such plans in the near term. that's a new story on that one. we'll wait to talk through the details on that. rosneft is lower by .25%. they have been trading lower after the newspaper reported moscow must pay $50 billion for extrorpuating the assets of t

u.s. sanctions on russia and the latest round of the standoff over ukraine. speaking at the white house, president obama said russia has failed a drop military support for pro-russian separatists. >> given its provocations and ukraine, today i have approved a new set of sanctions on some of russia's largest companies and financial institutions. whom with our allies with i've been coordinating closely the last several days and weeks, i've repeatedly made it clear that russia must halt the flow of weapons and fighters across the border into ukraine. russia must urge separatists to support a cease-fire that russia needs to pursue internationally mediated talks, and agreed to meaningful monitors on the border. >> the new sanctions are the most expensive on russia to date with targets included -- extensive on russia to date. ukraine has seen continued violence in recent weeks with u.s.-backed kiev government watching major attacks on southeasternng areas. president obama suggested he will appro

coming up on r t will u.s. drones be shipped abroad the u.s. government could be moving closer to adding military drones to its export list details on that just ahead. and cook there is soon to be six california supporters of the six state initiatives say they now have enough signatures to put the idea on the ballot in two thousand and sixteen the details on this potential vote coming up . and in response to u.s. spying germany is looking for ways to protect its privacy now the head of germany's and i say inquiry is suggesting a counter espionage tactic that's rather old school find out more.

u.s. dollar. in fact, harry dexter white the right-hand man at bretton words briefed the organization before they went into battle at bretton woods. told them the monetary fund he was determined to set up was designed for a special purpose and that purpose is to prevent competitive depreciation against the u.s. dollar. in order to do that, they were going to create a system of exchange rates that would be sustained by this new monetary fund. it may seem strange in the current context when the united states is badgering other countries, in particularly china is to adopt flexible exchange rates. in the 1940's, all the pressure on the u.s. dollar was upward in the market so countries linking to the u.s. dollar kept the dollar at a high level. most of the pressure from emerging market countries in particular china, most of the pressure on their kern currency. so bretton woods was effectively a deal that the u.s. offered the world. we will provide you as the world' sole credit with support and

perry boss has agreed to pay the u.s. government after conducting billions of dollars worth of business with sudan iran and cuba all of which are not on america's good list no they're not but the curious thing about this situation is that france francis. those to be on america's good lists are things pretty important ally and fact there's another u.s. ally currently being slapped with fines by banking regulators as well german commerce bank the german bank has been accused of conducting business with an iranian state sponsored shipping firm and could be forced to cough up between six and eight hundred million dollars in order to resolve investigations into its compliance with u.s. sanctions now over the past five years over half a dozen foreign banks have settled with u.s. authorities over sanctions violations to the tune of more than twelve billion dollars again these are not u.s. banks they're foreign banks back in two thousand and twelve british lender standard chartered was accused of hiding two hundred fifty billion

the u.s. is targeting a number of russian banks as well as energy and defense companies that targeted companies will not be able to borrow money from u.s. banks for a period longer than ninety days meaning that they will still be able to receive short term loans but will find it harder to finance medium and long term activity the list includes a state owned oil company and largest oil producer gas problem bank the financial arm of gas prom the state controlled natural gas producer. another russian natural gas producer and near chicago on bunk which is russia's economic development bank meanwhile russian president said he regretted the integrity of state paths that the u.s. had chosen in relations with russia. as far as sanctions are concerned they usually have a boomerang effect like i've said before and they will eventually lead russian u.s. relations to a dead end to damaging them severely i'm also positive that these measures harm america's long term strategic interests in the interests of

the u.s.? among other things, julian assange says -- ,> the release of cablekate u.s. to palmetto cables released all around the world -- the u.s. cables released around the world. largest that is ever been released. >> julian assange also response to former secretary of state hillary clinton's recent comment that nsa whistleblower edward snowden should return to the united states to face a trial. all of that and more coming up. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the palestinian death toll has surged as israel intensifies its bombing campaign of the gaza strip. palestinians say at least 27 people have been killed and over 150 wanted since israel launched major strikes on sunday. at least 18 civilians, including around seven children, have died over the past day. israel carried out nearly 300 strikes on tuesday with more overnight, sending thousands of palestinians into the streets to avoid attacks on their buildings. one strike killed a leader

to the great u.s. law through the different you know you know what you see what look i'm going to experience. what marriage. united states. to all cultures and says everybody regardless of their sovereign state. best of a on a low end because we announce that there were sanctions on iran if you buy a can and a country finance business with iran we are going to penalize you and if you don't pay we're not we'll let you conduct operations in the united states so i'm not sure what the bike is broken any law goes in montana and united states government does not have the option of dictating law to sovereign countries but it's been doing it for a long long time it did it to switzerland. and now they're starting on the commerce fight in germany they're trying to same thing to it that they just did to the french by. i think that part of this is that washington uses. american clout over of the people by threatening them to be excluded from the american market. and all of to her those financial institutions in or

the u.s. of spying on its allies.pells a c.i.a. -- expells a c.i.a. station chief accusing the u.s. of spying on its allies. . >> israel's offensive enters a fourth day with jets bombing gaza. 98 people have been killed with at least 670 injured. israel has moved more troops to the border with gaza, amid fears of 670 injured. there are growing forwards of a ground offensive. john hendren reports. >>> another night of israeli bombs. another day of mourning on the gaza strip. for a second time in two nights, a family of eight is killed in the town of conyounis. >> translation: it was an earthquake. the house was full of children. eight of them. what did the children do wrong? >> reporter: israel's prime minister warns of worse to come. >> translation: we can expect more in the future. number now we have hit hamas and the terror organizations hard. as the battle conditions, we'll increase the stroocks. >> the plunian authority -- strikes. the palestinian authority leaders translation - this is is

u.s. unveils new sanctions against russia. president obama's deputy national security adviser ben rode is standing by live at the white house. we will get his take on what's going on in ukraine as well as here in the middle east. ben rhodes, standing by live. many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean. dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.99% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. ♪ male announcer ] polident. you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? n

however, cubans in the u.s. and on the island have come to attribute very different meaning to the children's exodus. they disagree about the motives that inspired it, about whether to remember it as a humanitarian or politically motivated event. and they disagree about the impact the familial separation and life in catholic charities administered camps, foster homes, and orphanages had on young cuban refugees. these competing collective memories have emerged over time as pedro pan children grew, matured, attended college, and began articulating their own identities. as they watched television news stories about child refugees coming to the u.s. from south vietnam in the 1970's, and as they watched new generations of unaccompanied central american, haitian, and even cuban children arriving in the u.s., as they married and had their own children, and as they confronted changing political circumstances on the island and in the u.s. that allow for dialogue and travel to the island beginning under the carter adminis

of course can help and one can only wonder what u.s. companies and what individuals would benefit from that fixing what do you think well we don't have to wonder too long because what we've seen is a scandal here we're. well connected relatives cronies of very influential officials are already on board and it quite reminiscent of what happened after iraq when there were all kinds of conferences on how americans and american companies could make money out of the situation buying influence in washington is not called corruption in america it's called tapping into new opportunities in washington i'm going to check on. short break is that x. then abby martin delves into the latest file of violence in kuala son as well as the n.s.a. surveillance and all the latest headlines and breaking the stats stay with us. we never saw that coming. we had no idea our children were gay. i would actually just at night pray to god you know me normal. they said you're a homo you're a homo and from that day in first grade i swear my life changed forever i bec

bank terp u.s. sanctions european leaders agreed to target several sectors of russia's economy including finance and energy artie's peter oliver has the details you leaders have put forward sweeping sanctions against russia in a joint statement the president of the european council home and van rompuy the head of the european commission always in one world but also said that these sanctions were intended to send a strong warning to russia where it's previously sanctions imposed by the e.u. it targeted individuals or one particular company these are targeting huge sectors of the russian economy so what they are looking at is energy where russia will have restricted access to technologies in the financial sector will be blocking russian access to e.u. funds that are available and in defense a arms involved in both the import and export of weapons into or out of russia however any previously existing contracts won't be affected by that now the united kingdom has announced that it wants to push ahead wi

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u.s. goalkeeper, the man of the match. he made history last night, and he's going to talk to us on "new day." there's so much to discuss with him about what happened last night and what happens for u.s. soccer going forward, but there's big news this morning. the weather all along the east coast, it's moving, it's getting worse so let's get you back to new york and kate for the latest on that. good morning, my friend. >> thanks, chris. good morning. that's right. tropical storm arthur is what we're talking about here. it's expected to become hurricane arthur today. it's threatening -- tomorrow, rather. it's threatening to make for a dangerous mess as the fourth of july holiday approaches. the first named storm of the hurricane season. arthur is expected to affect just about every beach destination on the east coast over the next 72 hours. right now part of north carolina's coast is under a hurricane watch and tropical storm watches are in effect off parts of the carolinas and florida. we'r

and that analogy is like the u.s. and china or the u.s. and russia and even the u.s. and the soviet union in the old days. so is that a fair way of looking at what might become the truth about them in the u.s.? >> i look at this case a little bit different because these levels between iran and the u.s. in the region, perhaps of the last 30 or 40 years, yes. but to my understanding the u.s. is going to lead this issue within five years or 10 years, we are going to leave the persian gulf. we will not have any more military strikes and we don't want to have any other innovation because they don't care. and they have lost trillions of dollars because of iraq and afghanistan. and it seems that they are going to be independent in the least they would be not that dependent turmoil in the region. therefore if the u.s. strategy in the region is going to be changed, the engagement and involvement spends hundreds of billions of dollars to keep this president and i think it is changing. and the rivalry between them would continue and this includes this within the region. we need

and u.s. government was working hand in glove with a lot of these companies like google facebook apple microsoft and yeah i know and before we get into these specific companies silicon valley was actually started as an arm of the military industrial complex talk about how it came to be and why. well this is this is great talk that ironically enough was done on the google campus before they became a public company noam chomsky used to do public talks there but there was one really good public talk called the secret history of south silicon valley the went through the history of how a guy who was the head of the u.s. electronic warfare signals intelligence division during world war two named fred terman at stanford he actually has all these start up companies through his students he essentially fast tracked a bunch of students to graduation way faster than they would have graduated normally. and he was doing it based on all this government seed money that was given to him by the defense industry

they set up a u.s. subsidiary to operate their u.s. business. when that subsidiary use those u.s. taxes they transfer the corporate funds between the payer and subsidiary and call it a loan to the subsidiary. that one triggers a u.s. tax deduction. the interest expense deduction for the subsidiary which then largely offset their u.s. tax liability. the loan is repaid to the profits of u.s. tax subsidiary to the foreign parent and u.s. taxes have been been avoided through as a result they paid little or no tax in the u.s. profits as well. we have attempted to limit this type of behavior in the past. they put a cap on the debt to equity ratio of the u.s. subsidiary that the current law still provides very lucrative tax benefit benefits for intercompany benefits in fact mr. sloan your magazine or your web site did an op-ed on this talking about the risks and rewards of inversions which mentions the interest expense deduction. so as we work together to put a proposal to combat this growing challenge we have to look at it from every angle. i support the proposal that senator levin in t

they have ramped up u.s.veillance along key routes, in particular, airport roads, the roads to the baghdad international airport, which, of course, would be key for any mass evacuation effort or security at the capital. also airport road. it is a route through which if you crossed that, go straight to the green zone, the heart of the government power and home to the u.s. embassy. those are very strong concerns they are weighing. >> attorney general eric holder expressed concern about the number of european and u.s. citizens going to fight in iraq. are you seeing that? >> we certainly see the videos. isis definitely likes to put these videos out of fluent english speakers were europeans who have committed to this cause. i think part to send a message of terror to the west, but can recruit there. also to drive recruits and say this is the caliphate for all muslims here in this caliphate, a land where we don't see race and nationality. what is important the muslim nation. and by muslim, they mean sunni. they exc

u.s. says was shot out of the sky by a surface-to-air missile over ukraine with 295 people on board. tonight, the investigation. who is to blame? a field of wreckage in the middle of a war zone. >>> and more breaking news on a second front, the ground invasion now under way in gaza. israeli troops are on the move. richard engel is there. our "nbc nightly news" special coverage begins now. >>> a special good evening to our viewers in the western half of the country tonight. two major stories as we come on the air this thursday night. first, the downing of a passenger jet over ukraine. a malaysia airlines 777 wide body from amsterdam to kuala lumpur. u.s. intelligence has concluded it was shot down by a surface-to-air missile. it came down in pieces without a distress call. the wreckage landed in the middle of a war zone. 298, the revised number of souls on board, all feared dead. it is almost too early to think about the international ramifications of this. hours after the crash came the ne

intelligence official in the u.s. embassy in berlin to leave the country this a missed germany's growing concern over american as activities artie's peter oliver is in berlin with more. this is as a direct result of two recent spy scandals came after an emergency session of the parliamentary committee for control of intelligence and well they said it was down to the refusal of u.s. intelligence services to work with their german counterparts of the back of these two investigations that we've seen now this is clearly designed to represent a strong statement to washington that something that there has been accusations here in germany that the german government haven't being doing that they haven't been doing enough to show strength in the face of spy scandals that have really been and the almost solidly since the first leaks from edward snowden over a year ago but in a statement a government spokesman said that the german government would continue to work with its partners but that data continued working relationship re

while u.s. president barack obama has joined the global force of world leaders calling for an immediate cease fire in the middle east the un fortunate irony is that america has provided most of the weapons the israeli military is currently using to wage war on to gaza washington is the largest single supplier of military equipment to tell of the as of two thousand and nine israel receives more than ninety five percent of its weapons from the united states that's according to britain's former foreign minister david miliband israel also remains the top recipient of u.s. international aid receiving three point one billion dollars in annual foreign military funding during the most recent budget year the us provided two hundred thirty five million dollars towards the production of israel's iron dome anti rocket system and nearly three hundred million dollars of additional u.s. funding towards other missile defense programs these figures are according to u.s. congress's own think tanks since israel la

and in the u.s. maybe maybe there are there are certain markets maybe technology stocks that are a little bit bubbly but right now i you know i wouldn't i wouldn't i wouldn't be overly concerned about real interest rates i'd be i'd be i'd be really concerned about trying to get a handle on unemployment and get it down below that five point five percent john why have the fed keep interest rates at zero with real interest rates negative when you can use fiscal policy to deal with the slack in the economy. well that's that's absolutely true but i mean i think beyond just congress isn't it really. you know the appetite the fiscal policy from congress is pretty much nailed you know but we can dominate dominated house who believe you know passionately in austerity which is what david cameron over here believes and he believes and the the virtues of. you know confidence from from most areas a and i thought you know i think that's what you know people like john boehner. in the house believe in. so you know y

the u.s. may have been knocked out, but tech giant google is still looking to win big inside the world cup. we take a look inside google's board room. >>> and finally, 200 protectors are arrested in hong kong as pro democracy demonstrations break new records. all that and more coming up on "worldwide exchange." well, as i was saying just then, a bit of consolidation right now in the european equity markets. we see the stoxx europe 600 up and we saw gains 0.7% to 0.8% yesterday. that was more pmi data. it was the u.s. session that gained towards the european trading session. right now, 0.2% gains. we're seeing the french session under pressure. it is the telco stocks weighing on the market right now. we'll bring you up to speed with those stories in particular. the first one is what's going on in orange french telco stocks. down around 3% after announcing it has ditched plans to take part in the french telecoms market. it said right now conditions just aren't right. orange, bouygues and iliad a

that the u.s. would engage nor do i not believe really that russia would engage in any sort of an exchange with those two particular individuals there's no extradition treaty between russia and the u.s. i would say that also is client. a russian pilot was captured in liberia and sent to the u.s. where he was convicted of drug trafficking thailand allowed the u.s. to take hold of victor boot the russian arms dealer proxy of seizing russian citizens abroad in third countries and then bringing them into the jurisdiction of the united states has become quite common the u.s. has captured citizens of many countries with this kind of snap extradition extraordinary renditions have been common practice since nine eleven and detainees rights of a brutally being violated. was stripped to guam and although the island is in possession of the. he states the u.s. constitution does not fully apply there which raises more questions as to what rights among students no if will have while he's there in washington i'm

but the u.s. federal aviation administration, the regulator and the u.s., now says that after taking all the information into account, they have concluded that it is ok for u.s. airlines to fly to and from israel if they want to. some airlines may decide they still do not inc. it is safe to do so. is -- still do not think it safe. there are a number of airlines that are still not flying. korean airlines and turkish airlines. a quick look at the arrivals and departures. a vast majority of flights they canceled or not final. >> thanks for the update. elliott gotkine joining us from tel aviv. ben-gurion -- as he says, not fully open. coming up, we're going to talk about moscow. and basf's relationship with russia. geopolitical turmoil. yes, it is affecting business but the numbers out this morning tell of strength. we will go through the details when we come back. ♪ good morning, everybody. you are watching "the pulse." let's get back to our big focus. today we are looking at how european businesses

>> from 1960 to 1962, the u.s. government aided cuban parents sending their children to the u.s. in order to escape the rise regime.astro next on american history tv, professor discusses known acy of the mission as operation pedro pan. the different and how the ns 2,000 custody battle reignited debate over operation pedro pan. several audience the u.s. as ow the who came to part of the operation took part in the discussion. florida international university hosted this 45 minute event. part >> i want to acknowledge that the topic of pedro pan is not strictly for academic analysis nd you are the experts in history. it is with that recognition i will share a few thoughts with with humilityi do and appreciation for the with you y to be today. 1960 and e fall of october of 1962, the parents of 14,000 cuban children made the heartbreaking decision to send their children alone to the united states where they cared for by friends, relatives, foster parents as camps and orphanages. the reason parents did this were varied. many feared for the spiritual well being of their catholic a radica

but the u.s.ress concerns over the rising number of civilian depths in the conflict -- deaths in the conflict. fox news' bret baier spoke with3 israeli prime minister benjamin netanyahu just hours ago. bret, did the prime minister give you any timeline on what's happening with the conflict and when it might be at least stopped or resolved? >> yeah, liz, i asked about a possible ceasefire and the efforts of secretary kerry and ban ki-moon in cairo, and he said, yes, they're hopeful, yes, there's hope, but he said you need two to tango and sometimes three or four in the middle east. and so far he's not seeing it. he says hamas continues to launch operations against israel. he went into detail, liz, about the tunnels that hamas has set up under gaza into israel. some of these tunnels connected directly to homes, and he pointed out that these operations that the israeli defense forces have been doing before they went in there, they put out leaflets, they sent texts, they made phone calls to to clear p