u.s. economy in the longer term, including the possibility of a double dip? >> well, you never become a hero avoiding crisis. and if you continue to avoid crisis, you'll be bashed. and that's the situation we have in the united states today. obama did all the right things to keep the gdp from collapsing. in the view of the fact the private sector in the united states has been in this massive deleveraging mode. but because nothing happened, and then you just see a huge bill for fiscal stimulus, a lot of people saying gosh, we spent all this money, nothing happened. you must have been wasting this money on some of the silliest projects around. getting a bad name. and in the midterm election, if the current trend continues and if democrats lose at least the lower house, if not the senate, then the republicans will try to pull the plug by reducing fiscal stimulus or ending it altogether. and that i think will lead to a double-dip. >> reporter: on japan koo says last week's currency market intervention to weaken the yen confirms that the kan administration is movi

u.s. economy was rolling around, the stock rally was just starting and the japanese economy was trying to dig out of recession. today both japan and the u.s. economies are limping along but the japanese yen is at a level against the dollar last seen a decade and a half ago. rebecca patterson back with us, global head of currencies and commodities at jpmorgan private bank. welcome back to nbr, nice to see you. >> thank you. >> tom: so 15 years we are back at these level force the yen versus the dollar. what is behind the appreciation? >> well, i think it's largely a u.s. event, not a japanese event. with the u.s. economy showing signs that it's moderating pretty early in its recovery, we have seen a fall in u.s. yields. and dollar/yen that exchange rate tends to take its coups quite a bit from the differential, the difference between the u.s. and japanese interest rate. so 10 year us-- u.s. yields down towards the crisis lows that has been something that weighed on the dollar broadly but especially against the yen. >> tom: let's look at a 12 month chart of the dollar against the yen n may

u.s. economy is is over it's done with and devastated. i don't know how happy you can be with the word law i mean what you see he's expressing is that we have very low growth you know that and with that low growth we're going to see very small changes in unemployment and very little opportunity for not only investors but for people who live in the united states that are unemployed to really see growth in their incomes and. you know it could be worse he said that there was a going to be a double dip he didn't envision that but blog and low growth is still bad for ten percent of americans that are employed and probably you know ten percent more who are looking for more work. you know one of the other things he said those he thinks of the world has.

u.s. economy. and the economy was a big topic at his white house news conference this morning. >> tom: the other big topic, susie, was the president's announcement of his new top economic advisor. he's austan goolsbee. goolsbee has been on the president's economic team. he now becomes chairman of the white house council of economic advisors, replacing christina romer, who left to return to teaching. >> susie: the president used today's press briefing to push his agenda for reviving the economy, from tax breaks to a small business jobs bill. washington bureau chief darren gersh reports. >> reporter: the president today acknowledged what many americans know too well-- economic progress has been painfully slow. still, he urged voters to stay the course this on election day. >> if it was just a referendum on whether we have made the progress we need to, then people around the country will say that we are not there yet. if the election is about the policies that are going to move us forward, versus the p

this in our economy in the u.s. in a deflationary spiral millions are employed tens of millions are on food stamps and many of those so many are homeless some are fighting back like mike johnson and chicago mike johnson welcome to the kaiser report morning max mike jansen a writer for the huffington post a recent blog is called americans unite this is an emergency illust three problems that constitute the emergency tell us what they are well as you pointed out there is much formlessness there is a biological war going on. and there's just not enough people to. know i mean the people that need to get sustenance dimension bio war which is interesting and of course this brings up a topic of food that you write about extensively can you talk to us a little bit about the food issue and what's at stake here what's going on who are the players who are the corporations tells a little bit more about that mike johnson well as you know no he has just fronts correct maybe five hundred hundreds of thousands of gallons into the g

u.s. economy is faltering. the obama administration said the plan could be financed by scrapping tax breaks for oil and gas companies. france faces further traffic disruptions from strikes planned for late monday. the cause is the presentation of a pension reform bill. the state aims to raise the minimum retirement age from 60 to 62 with a full pension available at 67 instead of 65. the government says that without changes, the french pay-as-you- go pension system would run up annual deficits of 50 million aroseuros by 2020. the plan to mobilize millions of protestors. >> the latest cease-fire declaration from the separatist group has been met with skepticism in spain. the interior minister said the announcement was insufficient because it did not include a permanent renunciation of violence and the dissolution of the group. according to video released on sunday, they decided to end defensive armed actions in favor of the democratic process. it has been blamed for hundreds of deaths over the past quarter decade

u.s. economy is faltering. the obama administration said the plan could be financed by scrapping tax breaks for oil and gas companies. france faces further traffic disruptions from strikes planned for late monday. the cause is the presentation of a pension reform bill. the state aims to raise the minimum retirement age from 60 to 62 with a full pension available at 67 instead of 65. the government says that without changes, the french pay-as-you- go pension system would run up annual deficits of 50 million aroseuros by 2020. the plan to mobilize millions of protestors. >> the latest cease-fire declaration from the separatist group has been met with skepticism in spain. the interior minister said the announcement was insufficient because it did not include a permanent renunciation of violence and the dissolution of the group. according to video released on sunday, they decided to end defensive armed actions in favor of the democratic process. it has been blamed for hundreds of deaths over the past quarter decade

u.s. economy about two hundred fifty billion dollars that was cash that was taken out of the economy it was capital and sent to the middle east look i made a prediction on this show that the insiders responsible for nine eleven like you know dick prince over there eric barrett friends over there a blackwater they would go to countries with extra due extradition agreements erik prince is now already in a country without an extradition agreement and i i predict we're going to see this for. cheney as well i think cheney and bush rumsfeld certainly they will all go to these countries to get outside of the reach of folks who will be wanting to have them accountable for the nine eleven that they created the iraq war that they created the close to a million iraqi civilians a thing murdered in cold blood because it would tony blair just admitted to a power play for oil remember blair was saying no blood for oil it's not blood for oil it is blood for oil you lying sack of dog dirt you know you should be ashamed yourself you know lose his wife for a divorce of machinery i mean the guy's worthless wel

economy. the global financial headlines tune in to. headline russia u.s. . gets the green light for u.s. foreign policy legislators paving the way for the crucial vote on the full set of. heart of moscow a major. manages to escape with his life after getting shot and wounded at the center of a. new plan has announced to revive the troubled u.s. economy amid claims the country is recovering from a global crisis but despite new measures millions of other. boyd americans still struggle to survive. coming up tyee japanese vietnamese food you can find it all here in moscow next host martin enders and his crew delve into the diversity of the capital's far eastern cuisine moscow out coming up next on r.t. . of japanese thai restaurants. sushi crazy. on the subject of cuisine the theme for this week's. asian food many russians love it some still haven't even tried it but here the ever changing culture muscovites means more diversity when it comes to eating. starting a. business in the. hollywood actor robert deniro invited japanese chef neighbor might say he's a sensible restaurant and tried bac

u.s. economy still remains sluggish. that is why the u.s. at indicated in its meeting that was prepared to inject more money into the economy. with interest rates at near zero, that does not sound very attractive to investors you're starting to buy euros again. >> steelworkers in germany have begun a series of warning strikes to push on demands for higher wages but employees walked off the job wednesday at 3 still works. a union is calling for a 6% wage hike. the 85,000 metal industry workers are represented in germany. employers rejected that demand better so far not made a counteroffer. the second round of wage negotiations last week ended in installments. the union says the warning strikes will continue through friday while extreme measures are being considered. >> the german conglomerate has deals to give employees unlimited job protection. it will make it practically impossible to fire any of the company's one under 28,000 employees. the grip it and the company's board, works council, and the union will give the works council the right t

u.s. economy the country is recovering from the global crisis but despite new measures millions of unemployedamericans are struggling to. vietnamese food you can find it all here in moscow. diversity capitals far east and enjoy. of japanese thai restaurants. sushi crazy. as the subject of cuisine the theme for this week's. asian food bush's numbers while some still haven't even tried it but here the ever changing culture muscovites means more diversity when it comes to eating. starting in. my brain. three hollywood actor robert deniro invited japanese chef neighbor might so he's a sensible restaurant and tried back. into the ship to critical acclaim today from las vegas to london and dubai nobu has dozens of locations around the world truly is as famous as the brand itself from his signature dish which is black . to sushi tasting many millions of people around the world have enjoyed maybe smiled. as she is sitting down and presented with a menu it's not cheap but it is worth every penny or in this case. i think i'll go with c.v.s. sushi. to c.v.s. it's from friends. if you want your. you know

u.s. economy and the greenback. >>> here's a look at the latest long-term interest rates. this is a yield on the benchmark ten-year japanese government bond. in other asian marks, hang seng is up 0.4%. the shanghai key index for major blue chip is down .5%. the sse composite is up just a notch. now back to catherine. >> thanks very much, ines. >>> a tokyo hospital where an outbreak of a deadly bacterium is believed to have killed nine patients has admitted that its crisis management was insufficient. the multi-drug resistant bacterium was detected in 53 patients at tokyo university hospital over the past year. the bacterium is said to have been responsible for the deaths of nine men and women, some of whom were being treated for leukemia. the hospital on wednesday released a report by two independent experts who were asked to examine its handling of the outbreak. it says the bacterium was identified in a hospital lab in august last year, but the finding was not sent to the section that deals with infections until february this year. the bacterium was detected in 14 more pa

u.s. economy and made claims the country is working. bring from the global crisis but despite new measures millions of unemployed americans are still struggling to get by. and an assassination attempt in the heart of moscow a major criminal overlord manages to escape with his life after getting shot and wounded in the center of that. coming up next japanese vietnamese food you can find it all here in the russian capital up next host martin andrews and his crew delve into the diverse diversity of the capital's far eastern cuisine that's coming your way in moscow out next. of japanese thai restaurants. muscovites for example asked sushi crazy. as to the subject of cuisine the theme for this week's. asian food many russians love it while some still haven't even tried it but here the ever changing culture muscovites means more diversity when it comes to eating. star things. haven't visited. three hollywood actor robert deniro invited japanese chef neighbor might so he's a sensible restaurant and tried back in new york paris into the noble p

u.s. again they did what they set out to do the economy is destroyed they're moving on to do other stuff i mean the u.s. it's done well speaking of done here is the next headline downward mobility report us. family income is tumbled steeply in the last decade the inflation adjusted income of the median household smack in the middle of the populace fell four point eight percent between two thousand and two thousand and nine even worse than during the one nine hundred seventy s. when median income rose one point nine percent despite high unemployment and inflation but there's all that debt that they keep pumping into the corpse and saying it's g.d.p. growth it's not g.d.p. growth and then it got saturated there's only so much from aldehyde that you can pump into this corpse before it starts to stink to high heaven and then you've got to say oh it's a dead duck and we can't stuff no more debt there no more well the remarkable thing about that two thousand to two thousand and nine so incomes of people who work who have a job in america fell by four point eight percent yet that years two thousa

u.s. economy and make claims the country is recovering from the global crisis but despite new measures millions of unemployed americans are still struggling to get. feeling hungry japanese vietnamese food you can find it all in moscow up next host martin enders and his crew delve into the diversity of the capital's far eastern cuisine along with them with moscow. of japanese thai restaurants. sushi crazy. as. the theme for this week's. asian food many russians love it some still haven't even tried it but here the ever changing culture muscovites means more diversity when it comes to eating. starting in. three hollywood actor robert deniro invited japanese chef neighbor matt so he's a second restaurant and tried back. into the ship to critical acclaim today from las vegas to london and dubai nobu has dozens of locations around the world truly is famous as the brand itself from his signature dish which is applied . to sushi tasting menu millions of people around the world have enjoyed no dismounts. dishes sitting down and presented with the menu it's called cheap but it is worth every penny or in

u.s. economy is a black hole of debt and disaster he said there's nothing we can't print money we can't buy more dollars then the dollar is that the economy of the united states is crashing yes remarkable over the past couple interstates you herbert you've seen this unwinding of different currencies as part of the unwinding of the carry trade whether it's the japanese yen the reason the so strong is in part due to the unwinding of the japanese yen carry trade the same thing for the swiss franc when you have zero interest rates here's the key when you have zero interest rates like you do all over the world it doesn't spur g.d.p. growth it's spurs speculation and you're talking about speculation committed by the most. irresponsible bankers in the history of the world who often make mistakes and then go to government put a gun to their head as paulson did in the end of two thousand and eight and say give us three quarters of a trillion dollars or we're going to blow your head off and that was his message well zero percent interest rates also discourages capital formation which one needs for ca

u.s. economy. well, in many cases we're still worried about those issues, but we've managed to put them to one side for the moment. we've seen a really strong rally in september, which is now entered into its fourth week. yesterday the dow closed at its highest level since may the 13th. so perhaps at least a turn in sentiment as we headed into the fall. looking ahead, we have the federal reserve deciding on monetary policy for the next month. that's taking place today. that's going to be a key date, a key moment for markets in today's session. we're not expecting any change in interest rates from the federal reserve. most economists we've talked to are not expecting the fed to increase the amount of quantitative easing or bond buying that the fed is doing on their own balance sheet. but we will be looking for any clues as to the future direction of the u.s. economy and what the fed could do if they need to to step in to try and improve things. keep an eye out for that. the futures currently suggest

u.s. economy and claims the country is recovering from the global crisis but despite new measures millions of unemployed americans still struggle to survive. looks at the vast oil and gas reserves of the. far east as we embark on another journey one cover the unique. eight am in moscow i'm mad trezeguet good to have you with us here on r t our top story the u.s. senate foreign relations committee has voted in favor of the nuclear arms reduction treaty or start treaty signed with russia in april the deal now we needs the e.u. approval from the full senate that could eventually see the two countries reduce their warhead stockpiles by about a third or he's got a cheeky on reports america's in-house issues could still hinder plans for the ratification. the start treaty got the green light from the senate foreign affairs committee and is heading for the senate floor this treaty will make america more secure it will assist us in moving towards the goal of less nuclear threat and for that reason we're probably actually took today it's been a bumpy ride this five months of hearings and the resolut

u.s. economy and that's looking to japan the other zombie economy that has been in a deflationary spiral but if you look at the next headline you see that actually could have been a whole lot worse over the last twenty years if it were not for real zombies thousands of japanese centenarians may have died decades ago remember the deflationary collapse in japan started twenty years ago well according to a new information from the japanese government more than two hundred thirty thousand japanese people listed as one hundred years old cannot be located and may have died decades ago according to government survey more than seventy seven thousand people currently listed as still alive in japan are actually aged over one hundred twenty and there's eight hundred eighty four listed as over one hundred fifty so these people are still collecting pensions and they think that that could be a big pension scam where you know families are still claiming the pensions for these people but imagine you know this legendary savings culture of japan of course is a savings culture because these people are collecti

u.s. chamber of commerce. the cost to the economy of cutting carbon use tell us what the costs are. and one of the costs of in action well you know it's often hard to quantify the dollar figure in action we know that it's causing you know all kinds of weather destruction that's going to cause you know public health issues you know it cousins droughts and famines and these are these are you know huge concerns about you know often are hard to put dollar figures on but we know that you know over the you know the next coming decades that these losses are going to cost us trillions of dollars. and the same time. you know you have a number of businesses who are out there saying look we want a price on carbon now it's going to give us predictability and stability and help us you know determine what our path forward is so you've had a number of progressive businesses have come forward and said yes we want to act on climate change now we want to predictable path forward you know this is because it create a problem within the chamber of commerce between these progressive businesses who acknow

u.s. economy out of trouble but despite gold measures new figures reveal how millions of unemployed americans are still living below the poverty line. well the treaty between. the u.s. which would see both countries cut the nuclear arsenals is going to the senate for approval it's known as start the arms reductions could set an example for other countries to follow and to use a gun each to talk to a former senator gary hart about this issue and russia u.s. relations. it's time for the senate to vote on a new start that's the title of the letter signed by some top former u.s. officials as well as some form of senators including gary hart thank you so much for joining a pleasure a few days ago i heard ambassador richard byrd say that if it had to be a number of public and presidents submitting this treaty the strategic arms reduction treaty for ratification it would have already been ratified i mean no doubt it's been a bumpy ride for the for the trade in the senate but in your opinion how much of that was about the actual treaty and how much about republicans trying to make a point to the demo

u.s. went off the gold standard and the federal reserve the central banks are managing their economy like this massive you know centralized command and control. committee and this is just another example of well the other thing that's so funny about it is it might as well be a group that doesn't exist because it's impossible to say if these currencies these currencies as the next headline would attest to brazil's central bank president says no country can hold dollar up so this is a brazilian central bank president enrique meireles and i guess he was he's being asked to intervene and lower the value of the brazilian right now which is up thirty four percent in the past year against the dollar and of course there's a lot of pressure from you know special interests within your own country to do something as the race to the bottom of the currency market happens well it's competitive devaluation like we saw in the one nine hundred thirty s. because these countries don't have much of an export market in the u.s. i should say that mean there's no way to export your way into g.d.p. growth the on

u.s. economy is looking for to save the day you know whether it's political leaders or central bank. leaders they want them to rescue us save us with their magical work and that's something that this artist anika longer brought up she said i don't see the ambition to levitate the building meaning the frankfurt stock exchange as less absurd than what is going on inside the building he's right they both believe in an out committed way of thinking that they can somehow magically create g.d.p. growth without massive amounts of debt creation keep in mind that during the last twenty years states arab or the g.d.p. creation in the u.s. was accompanied by massive amounts of debt creation twenty five years ago for every dollar fifty or two dollars in debt that was created you had one dollar in g.d.p. growth by two thousand and seven it took seven to eight dollars in debt before he ended up with a dollar of g.d.p. growth now that's not a viable economy that's a corpse that you're pumping in more debt and yours calling that a viable economic entity it's not it's a dead corpse that you're just i

u.s. economy moving ahead? >> as i mentioned before, making the 2001/2003 tax cut permanent would certainly help. and i think some of the laws that have been passed, certainly no more stimulus spending. that has not worked. it will not work. that should be renounced. i think some of the bills that have been passed me to be looked at again. -- need to be looked at again. they're much too complicated. they have destroyed confidence in the congress, and i think that would certainly help. host: george melloan joining us. he is a former deputy editorial at "the washington journal." thank you for your time. anthony placido will be joining us. he is one of the chief intelligence officers. we will talk about the u.s. drug policy and the flow of drugs between the u.s. and mexico and other central south american countries. first, a news update from c-span radio. takeover the treasury department says it will auction off warrants it received from the hartford and lincoln national insurance companies in the spring of 2009.

u.s. economy despite the country's better than expected job data released last week. meanwhile, the euro's changing hands at 107.87-92. >>> and next is a look at the latest long-term interest rates. this is the yield on the benchmark ten-year japanese government bond. in other asian markets, the hang seng opened up 0.13%. the blue chips are slightly down, 0 minutes 1%. and the s&e composite is down. >>> u.s. president has proposed a $15 billion plan to rebuild infrastructure to boost the country's sluggish economy. >> barely one one in five construction workers are unemployed, so that's why milwaukee today i am announcing a new plan for rebuilding and modernizing america's roads and rails and runways for the long-term. i want america to have the best infrastructure in the world. >> white house officials say the six-year program aims to create jobs in the short term. they say the government is considering abolishing tax deductions for oil companies to fund the project. the proposal is one of several economic initiatives that obama is due to unveil on wednesday. they in

u.s. economy. the president said the u.s. paid a huge price in order to give iraq a new beginning. now it has to look to its own future. >> tonight i am announcing the american combat mission in iraq has ended. operation of iraqi freedom is over. the iraqi people have responsibility for the security of their country. >> it took 15 minutes for president obama to put an end to a conflict that lasted seven years. an end of sorts. that accounts for his subdued tone tonight. >> violence will not end with our combat mission. extremists will continue to attack iraqi civilians and spark strife. >> obama was determined to -- the premature mission accomplished declaration of 2003. what a long time ago that seems. >> ending this war is not only in iraq plus interest, it is in our own. the u.s. -- not only in iraq's interest. we persevered because they believe we shared with the iraqi people, a belief that a new beginning can be born in this cradle of civilization. >> but can it? the situation in iraq is fragile which is why america's vice president flew to baghdad to mark the moment in the pr

u.s. economy and made claims the country is recovering from the financial crisis but despite new measures millions of unemployed americans are still struggling to get by. for more on these stories remember you can always log on to our web site that's r t dot com time now for our report on one caribbean island that's learning to deal with the presence of a u.s. naval base the a case worth every bit of struggle up next. i . because. terry exercises. who was in charge of. and i explained to him look. what's going to happen to the fisherman. when there's a forty percent unemployment rate. doesn't work when you knock at the door. i have to tell you what he said because that's how he said to me well you can go to food stamps. and i said for the first time. i met with a fisherman. be able to fish for twenty. one of these. two. fold. when the struggle began i was a boy we were called crazy they would say look at those crazy dreamers we felt rejected by the people of. some of them would say you're crazy how are you going to take on. you and we just kept at it and kept going but some changes began

u.s. economy after a data suggesting the economy from house prices to jobs is shrinking again given his mood is a debating whether more spending will end a decade of contraction in the land of the rising sun the russians to face a choice for the next few years we seem pretty sure and if. we see a combination of private increase spending that we believe. i believe to be private capital will return to russia over the next twelve months in a meaningful manner secondly we do see increased spending from the government as well combination of two should be the base we believe to be five to six percent growth over the medium term the government plans to borrow more money this year but also spend their means of this to build zeeshan fund domestic growth is already accounts for over sixty million dollars and russia will be ready to issue your bones in november according to the finance ministry motional same store digital will be boring a lot in any case a deficit of three point six percent is anticipated next year we also focus the twenty twelve deficit will be three point one and two point nine to tw

u.s. economy. so it's an economic issue for the nation. a high school dropout will earn $260,000 less than a high school graduate. tracie potts, nbc news, washington >>> d.c. council chair and mayor al candidates defending d.c. schools after president obama said his kids could not get the same quality of education as in private schools. he was responding to a viewer question. >> the fatheof two seemingly bright daughters, i want to know whether or not you think malia and sasha would get the same high quality education at a d.c. private school compared to the elite private academy they are attendinnow. >> i'll be honest with you, the answer is no right now. . the d.c. schools are struggling. terrific individual schools in the d.c. system. >> the president went on to say there are good individual d.c. schoos, you migh have heard. in response, vincent gray defended the quality of education in d.c. >> i wish he would think that because i think we do have excellent schools, both in traditional public schools and charter schools. and i think his

u.s. economy. of course, a key market for asian exporters. fairly flat here. european markets and investors around the world want to make sure that the euro zone economies cut their deficit. they do not want to see them giving in to the protesters. gold is still at a record high. that is suggesting that investors are still not that confident in the markets. gold is a bit of a safe haven. they've been getting into that. >> thank you very much. north korea has announced that kim jong-un, the son of the leader kim jong-il has been given two proposed. the latest will be seen as confirmation that he is lined up to take over from his father. from the south korean capital, here's our correspondent. >> the north korean government controls all newspapers. it's difficult to know if ordinary people of north korea are aware of the conference taking place in p'yongyang. it has shown the outside world two important things, that kim jong-il is in good enough health to attend, and he has almost certainly decided who will potentially replace him as the leader of this isolated f

u.s. economy and boost employment across the country.ost experts don't expect any major announcements after today's conference but they hope to spot clues to possible policy changes. this by the way is the fed's last meeting before the november elections. >> stock markets definitely waiting for what the fed has to say. >>> distracted driving is the focus of a summit today. the stiff rules proposed to make the roads safer. >> she claimed she was the victim of an acid attack, we will tell you why investigators now say that is not the case. >> good morning, northbound 280 traffic is off to a nice start here in the valley. we will tell you about another freeway not having such a pleasant start coming up. ?w?wóç >>> good morning. if you are driving on highway 4 already some busy traffic coming in from antioch on the way to bay point and concord. so far no collisions or stalled vehicles along the way. >> all right. sal. time now 5:40. here is a quick look at some of the other top stories we are following for you right now. warning signs are po