u.s. economy. moreover, the u.s. would not be able to take its permanent seat on the seabed, which is making decisions that affect u.s. interests. second, the u.s. would only be required to pay royalties to the deep seabed authority if it were actually developing resources on the continental shelf. they would be able to keep 100% of the value of the protection at any sight for the first five years and then between 99 and 93% of the value for the remaining years. this would be an enormous net benefit, not a loss for the u.s. treasury. if these fees would cause the economic problems that are claimed by critics then our other major industrial countries would not have agreed to pay them. third, the seabed authority only has limited authority to address mining activities on the deep seabed beyond to jurisdiction of any country. it has no authority to regulate activities in the world's oceans are on the u.s. extended continental shelf. if critics are concerned about the potential actions of the i.s.a. then the most effect i have way to restrict its activities would be for the u.s. to become party for the convention and tak

u.s. businesses and u.s. treasury and u.s. navy outweigh what may well be a fair concern to raise. >> appreciate your judgment in that regard. thank you. >> senator, as you're taking off or going home, article 297, ill direct you to take a moment to read that in your travels. >> i've read 297. >> paragraph c, which is pretty clear that the only way in which anything regarding the environment would apply to us is where it is applicable to us because we seened up to it or we're part of it. in fact, within the four corners of this agreement is a dispensation against any state, united states or anybody else that hasn't signed up. there's no standing. there's no exposure. >> i don't read it that way, but thank you. >> that's the language. >> the language is more than black white. >> if you only take one section, you can read it your way. if you apply the law, it's the same. >> i know you need to leave. i don't want that to be an argument between us. i think it's fair point reading that language and a fair question to ask. there's a

u.s. the u.s. government and the u.s. intelligence community in an attempt to block the chinese. w a look at some other stories making headlines around the world. afghan security forces have freed eighteen civilians taken hostage in a taliban attack on a lakeside hotel north of kabul to the militants have been killed along with a policeman while other hostages are still being held inside on thursday the country's president hamid karzai warned that attacks were increasing in the run up to nato troops handing over control to local forces in twenty fourteen he's now it's meant to follow a suicide bombing at a joint nato afghan military checkpoint on wednesday which killed twenty one people . an explosion at a sunni shi'a the northern pakistan has killed at least three people two of them children dozens were hurt by the bomb which was attached to a cart being pulled by donkey went off as a group of mostly women and children gathered for daily prayers. going to target these types of shrines in the past considering them a form of idol worship which is forbidden in a strip a branch of is

u.s. agency in the country. the u.s. embassy in baghdad is the biggest u.s. presence in the world with approximately 16,000 staff and contractors. questions remain about the state department's ability to operate in this still precarious security environment, and handle the significant work load associated with the processing of billions of dollars worth of arms sales to the iraqi government. a diplomatic presence of this size requires sustained oversight from congress, and i look forward to continued engagement with our nominee upon confirmation to ensure our footprint in iraq is the right size and that we have the right amount of resources to pursue our interests. the president has nominated brett mcgurk to represent our interests against the myriad of significant challenges in iraq. mr. mcgurk, perhaps due to his great upbringing in pittsburgh, pennsylvania is imen enthely capable to assume this position. of course, there are other reasons for his preparation, but it doesn't hurt that you have roots in pittsburgh. he's been engaged in u.s. policy in iraq sin

u.s. he's maintained that there is a grand jury deciding at the moment whether there would be charges against him in the u.s. a member in the u.s. as feeling safe a secret carries the death penalty remember which makes everything huge amounts of information and the u.s. diplomatic cables that were released in two thousand and ten were huge embarrassment to the u.s. government so i mean there is name mistaking the fact the julian a son is a man he certainly from his actions and from what he said is very fearful of what would happen to him in the u.s. officials for his license back. very now every forty eight thousand one hundred thirty five if they are filed their statement made in court. you can next. time. around. the grand jury. but you're. probably correct we're going to have. everything. the. u.s. airport arrogated by the f.b.i. well this is julian assange just chance really to set the record straight he's just spent his third night in the ecuadorian embassy of course this is the latest dramatic twist in the ongoing saga it's been an eighteen month legal battle for him and the end of last month we saw the u.k. supreme court

u.s. sovereign rights, an area larger than the lowest -- than the lower 48 states. the treaty would also allow the u.s. to have a u.s. expert elected to the international body that determines the claims in the arctic and there are going to be a lot of them. securing international recognition for u.s. rights in these wears and defending against the unreasonable claims of other nations is vital to the economic prosperity of our nation. the telecommunications industry needs a treaty to codify the right delay and maintain underwater cables in the oceans of the world. it also needs them to provide stronger protections for cables against damages by other parties. a wide range of domestic indz stress including aerospace, defense and consumer electronics need the treaty to enable access to new sources of mineral resources including rare earth minerals as the senator indicated which lie in massive deposits on or beneath the deep seaboard floor. companies need the legal certainty and the stability provided by the treaty in order to minimize the investment risks and cause to developing these resources in the u.s.'s extended co

u.s. banks get nervous and stop lending or they retrench in any way, that has ramifications throughout the u.s. economy. >> the u.s. can only watch and hope europe doesn't let it go that far. stephanie gosk, nbc news, london. >> now we turn to syria where after being shot at yesterday, a team from the u.n. got a look at the town where the latest massacre is said to have happened. ayman mohyeldin has our report. >> the marks where syrian tanks rolled into a small farming village are still visible. today, a day after they came under attack and were denied entry, the u.n. came here to investigate what happened, the spent shells, the burnt homes, and the blood stains all indicate a killing rampage. this survivor tells the u.n. observers his brother's family, including seven children, were all killed. new amateur video, a stricken survivor describes how residents were bludgeoned to death. there are reports the dead now outnumber the survivors. undeterred by condemnation over the massacre, the syrian military continued its unrelenting shelling of the city of homs. still, the violence has not dampened the spirits of the

u.s. risk ok martin you want to jump in the u.s. debt is the euro u.s. so there i mean it was. basically a yes go ahead you are going to repeat that the u.s. over and days i would suggest the problem is nothing as by the promise so that's that's why though you're kind of right the chinese are looking to invest in some other things with some form of banking with hollow this industry so and you of actually they're buying up like needing german companies now all over the place looking at physical industry i think they have for quite enough folks over and bones but within the u.s. and europe and again that have to write it off rather than throwing good money after bad so derek i'm going to give you last word twenty seconds and then we're going to go right. ahead. i even that you know the story here is going to take a long time chinese investment in physical assets actually was flat last year it was going up for years it was flat last year they couldn't find things to buy you've got to have an alternative to the dollar for the dollar to decline even when u.s. fiscal policy is bad all

u.s. goals in sri lanka and maldives. my 30 years in the u.s. foreign service, i have been posted as u.s. ambassador to the united arab emirates and u.s. ambassador to lebanon. as you noted, mr. chairman. i also have considerable experience in south asia having served in india and pakistan and as principle deputy assistant secretary for the south asia region. the united states has important interests in both sri lanka and maldives. sri lanka is located along the busiest shipping lanes in the indian ocean. a region emerging as a strategic arena in which america's enduring interests are increasingly at play. sri lanka has also been a contributor to u.n. peacekeeping operations. the united states, thus, recognizing the importance of having a broad range of relationships as we establish a peace in the country after nearly three decades of devastating conflict. the united states and other international partners have encouraged the government of sri lanka to purp sewer the step it's needed to foster genuine reconciliation and accountability. although the government of sri lanka dweepted the terr

u.s. is bankrupt right ok and you know i mean u.s. fiscal policy may be worse than greece but the u.s. has wealth backing its debt is completely out of order compared to even proportionally to what greece has backing its debt so when you're buying a dollar you're not just betting on u.s. fiscal policy you're betting on the capacity behind the currency and in that respect you know europe is not even integrated market the u.s. is much stronger position than europe even though i agree with martin completely that u.s. fiscal policy is terrible ok mark you want to jump in there. but i was because i also think it's worth noting that a very large share of chinese in asian holiness of u.s. assets are in securities fannie and freddie's and certainly while they've got some problems with those agencies there's also really mortgages and housing and housing backing those debt in the way that there's some real collateral behind it that's not to mean that china is going to come here and start foreclosing on american homes but it does mean that there's a payment stream there where is greek debt it's a

u.s. the u.s. government and the u.s. intelligence community in an attempt to block the chinese. look at some other stories making headlines around the world twelve people have reportedly been killed after a taliban attack on a lakeside hotel north of kabul civilians hotel guards on a police officer among the dead as well as two of the militants around forty hostages have been free by afghan security forces in the ongoing siege but just a day ago president hamid karzai warned that attacks were increasing in the run up to nato troops leaving in two years' time commenting after an assault on an afghan checkpoint on wednesday which killed twenty one. explosion at a sunni shrine in northern pakistan has killed at least three people two of them children dozens were hurt by the bomb which was attached to a cart being done he went off as a group of mostly women and children gathered. these types of shrines in the past considering them a form of idol worship which is forbidden under the strict branch of islam. that's all for me this hour but the time not to deliver into the world of busin

u.s. and nato forces particularly u.s. military forces are active in a particular area the more civilians are going to be caught up in the fighting so the exact opposite is really the reality. that the united states could ever protect the civilian population. well still to come for you in a program the pirates riding a wave to success mutiny on the political ship in germany as the pirate party uses the economic crisis have a friendly face take a first step onto the ladder to power. as fall america's most famous army whistleblower gets going in court turns out it's the u.s. government that's hiding skeletons in the closet. now the house of ousted egyptian president hosni mubarak has worsened dramatically comes just days after the eighty four year old was jailed for life for complicity in the killing of protesters during last year's uprising the former leader is currently in intensive care suffering from shock high blood pressure and the severe depression where the runoff looming on a june the sixteenth hundreds of thousands in tahrir square are calling for mubarak's former prime minister ahmed shafik to be disqualified from the presidential race well for many egyptians the revolution hasn't brought the change they were hoping for and that's particularly the case for women to sara first explain. when this egyptian woman was dragged on to tyrion to be exposed and abused by the military men and it serves as a stark reminder that barrack mice of being toppled egypt's arab spring has many hurdles to overcome if it's to blossom into a democracy for a conserva

u.s. which i think is important for the chinese because if you think about it the chinese they sort of get a lot some would say for you right. u.s. presence the fact that the u.s. keeps the ceiling save the fact that the u.s. is somewhat of a force for stability in the asia pacific and in that sense china doesn't have to pay for these kinds of. case that why is the u.s. increasing its but it's a presence in the area well i think the chinese gets a certain get something out of it i think the u.s. side on the other hand the. day they do have their view and some of the apprehensions about the direction which the asia pacific is going to see i think a lot of the interest going forward be sort of tied to the asia pacific but i mean that's a sort of u.s. position which me not be entirely the same as the chinese position they make you a similar situation quite differently for instance where you talk about that's a different visa and data russia and china do seem to see eye to eye when it comes to some international issues like iran and syria what's the main reason behind that . well my own perspective is i think they the chinese and the russians probably you know don

u.s. the u.s. government and the u.s. intelligence community in an attempt to block the chinese. unnamed u.s. officials say that america was responsible for last month's a massive cyber attack on iran the state of the. flame is said to have been created by america and israel to spy on and seven times with a slum it states and you can't progress the guy and then she can has a story. that american officials may sound defensive when they talk about cyber attacks as being a major threat to the country's security a weapon of mass disruption you could have a cyber attack that would be as consequential in terms of the economy maybe even in terms of loss of life ash things we typically associate with more for the next pearl harbor that we confront could very well be a cyber attack that cripples our our power system certainly our grid acts of terror could come not only from a few extremists in suicide vests but from a few keystrokes on the computer but it turns out the u.s. government itself carries out cyber attacks against other nations the washington post cites officials speaking on condition of ano

u.s. economy, the state of the u.s. banks, and the state of the u.s. debt markets compared to those in europe, you would think that europe would have an easier monetary policy than the u.s. and it's the other way around. >> reporter: tomorrow, u.s. fed chairman ben bernanke appears before congress. markets hope he'll give some hints about what happens next with u.s. rates. suzanne pratt, "n.b.r.," new york. >> reporter: i'm darren gersh. still ahead, jobs and the presidential election in the key swing state of virginia. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: as investors shrugged off worries about europe's economy, they got better news on the u.s. economy. the federal reserve's beige book survey of regional economies painted a more upbeat picture, saying overall the u.s. economy is still expanding at a moderate pace. the report shows manufacturing expanding among most of the fed's 12 regions, between early april and mid-may. travel and tourism were also strengthening, the housing market continues to show sig

u.s. to release five prisoners in the u.s. who have been accused of spying on u.s.. we also talked about her fight for gay rights in cuba. she is a leading gay rights activist on the island. and then, will the real terrorist please stand up? >> what they do to us? they were disobedient in our hemisphere and they did not ask permission to take away property. they took away. they nationalized property. the u.s., on the one hand, has never forgiven them. >> saul landau on the history of the cuban five. today, they are allowed to live freely in the u.s. all that and more coming up. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the top u.s. commander in afghanistan has ordered new restrictions on airstrikes targeting alleged militants hiding in residential homes. the directive prompted the afghan government to claim the u.s.-led occupation force has agreed to stop bombing residential areas and homes altogether, but u.s. officials say that the attacks will continue, now under stricter guidelines. there was widespread anger over the lat

u.s. has systematically damage the confidence and credibility of the u.n. it's been used by the united states i think as a fig leaf to get multilateral proven from the policies that the u.s. u.s. wants to do but if the u.n. doesn't agree with the united states as you know the case of iraq or kosovo the united states just disregards in the case of syria or kofi annan fragile peace plan has showed slow progress washington is prepared to once again bypass the u.n. if the security council fails to impose more pressure on damascus and members of this council and members of the internet. community are left with the option only of having to consider whether they're prepared to take actions outside of the annan plan and the authority of this council. for diplomacy they had legions apparently united states thinks it has no need for diplomacy it has missiles and drones the un was founded at the end of the second world war as a place for countries to solve conflicts through dialogue rather than gunfire however the honorable goal of maintaining global peace and security becomes harder to attain every time a member state decides to play by its own rules up or ny r.t. new york. times the b

u.s. the u.s. government and the u.s. intelligence community in an attempt to block the chinese. but more internationally stories in brief for you now. paraguay is facing a political isolation with many of its latin american neighbors with jordan their ambassadors from the country the move comes after president fernando was ousted from power an impeachment trial on saturday twenty nine to vote in the senate. over his handling of violence between farmers and police last week in which at least seventeen people died when newly sworn in president. promised to prevent the country from becoming a regional cost. in bolivia the army is patrolling the streets as police across the country continue their strike against low pay the rest began. thursday when around police and their wives seize an elite units headquarters close to the presidential palace talks between the government and striking officers stalled on saturday with no agreement inside the two thousand and three revolt over wages there to a gunfight with soldiers which killed one thousand people. in sudan the growing. protests have

u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example one example so take the fact that china you know finances the u.s. right now or to so much cash three point three trillion dollars worth of cash if europe gets into trouble well you know it which would happen which country in the world has the ability to be allowed to your the united states china because this three trillion dollars and when it has the power or that ability it can always exercise power. what could be political ramifications that as far as crucial foreign policy issues for example over syria will the u.s. pay more attention to what china thinks about certain issues well if you take you down for example i think it's you know the u.s. wants china to be on its site and you know if china were to sit take north korea for example you know it's a great example you know if china were on the side of the u.s. . things would be so much easier but but the fact that china has no independent view on

u.s. policy. right after the revolution when iran decided to shrink in u.s. activities, the u.s. position was no nuclear power plant for iran. that do not recognize the rights of iran for a power plant. and this was the reason the arabians could not do anything to complete the unfinished projects. the western countries left iran with billions of dollars of unfinished projects. iran had no plan, no problem for enrichment. and the revolutionaries, they decided either to decrease to minimum the ambitious projects. they canceled many projects. but when the west challenged iran with the rights, even for nuclear power plant, you left no other option for uranians to go for self sufficiency. then after iran mastered enrichment, then the u.s. said, okay, now we recognize the rights of iran for nuclear power plants. after iran mastered the enrichment, this was the best way in order to convince the u.s. that you should respect the rights of member for actually civilian power plants. and then that time again the u.s. position was zero enrichment. when iran mastered 10,000 centerfusions, now t

u.s. u.s. open in two thousand and nine one martin del potro and the argentinian took the opening two sets six seven six but roberts and it was all federer after that as the thirty year old serve out for a deserved victory sixty six love six three so better able to make strides with the semifinal that's what all the talk about from last year and says he's happy with the way he plays. i knew it was going to be a tricky match and i knew more engines were not on my side anymore and that's where i just tried to get you know keep playing tough make them understand how far he still had to go as well because i had a very long way and i was able to do all of those things and i was very happy to have played you know starting the first. over in the women's draw u.s. open champion and former finalist in france sam stosur she goes to paris to make it simple for the six four six one this law might have asked a top ranked it's or as are in play in the fourth round but she failed to serve up another upset after converting just one break points out of ten think it's pretty. well let's start. another surprise package sara errani it's not enough and she kerber of germany six seven six ironically her first thoughts and scalp to reach her maiden grand slam semifinal and sends out a signal to stall for. now i've had success against in the past. be fun as well and guarantees a whole new ball game and i'm going to be aware you know what's going out on what's happening out of the cool when i'm playing you can think about the past in the history of the matches but if something changes when you're out in a cool you could it be aware of that and just to be going to. play my game and. that she's having a very good year in a very good twenty minutes to be ready fo

u.s. companies and not just u.s. companies, but u.s. companies truly u.s. in that they get most of their revenues from the united states. you think of all american brands like coca-cola, mcdonalds, budweiser, none of those companies get more than half their revenues in the u.s. most are outside the u.s. you want to look at alternatives. alternative to an his heuser-bu would be boston beer, sam, alternative to coke is dr. pepper, snafle. alternative to nike would be under armour. all these three alternatives generate most of their revenues inside the united states. you look at their performance, they've outperformed their international counter parts by a wide margin. >> that was my question, whether or not you have the theory and whether or not you have the performance to back it up. do you feel therefore, there will be a number of companies and almost daily we hear commentary from companies that say, our sales in places like china and europe will slow down. do you see a trend, whereby more and more u.s. companies are starting to focus back on the u.s. econom