. >> but the dominating forces are the united taken china? d a very good relationship with kathy ashton who was the first rap for foreign affairs. china isionship with absolutely consequential and that is not just a semantic inference. we have to have a very clear understanding with china which is why we put together the strategic and economic ilog. they are prone to mistreat us and occasionally we are prone to mistreat them so we have to keep the channels open. it is a big danger. and it could have blown up our relationship or years to come. invested sowe had much time and effort into building a relationship, people to people, we were able to weather that. it is such a consequential relationship. this,i don't mention people will write and say i didn't mention benghazi. a new investigation coming up. two questions. what is the question of if there was enough security and if you knew -- you have spoken about that. he did not know but also listens to recommendations made by the first commissions. the other question has to do thingsalking points

result of be united states while china since two thousand and eight has been the period when it feels a sense of superiority its economy has continued to grow while the western economies were taken down by a financial crisis that started in the united states and china has perceived itself as being on the rise and america on the decline now many thoughtful chinese know that's an oversimplification especially in military and terms of education research and development all these many categories where the u.s. still has a substantial lead but the theme that that somehow that china is rising in the us is declining and the china deserves more respect in international affairs is a overwhelming theme inside china's media and i condemn research but mr paul a you mentioned in your answer to trans superiority and china demanding more respect those are not there is an out synonym is i mean demanding respect them being a given more are sort of a room in international affairs is not exactly demanding superiority you know it's comes from a feeling that their superior to what their demands have been are generally reasonable do that in their demands that are being met just last week christine lo

majority of state sponsored executions as of two thousand and ten have taken place in yemen iran north korea china and the united states you've been doing this for several decades do you see a sea change teams do you are you noticing that america is becoming more progressive with regard to the death penalty the way that we have with regard to for example gay rights or you know marijuana to criminalization or many of the other issues that you know many of us were looking at twenty and thirty years ago and thinking that membership. i would hesitate to go to more progressive time but we are becoming reluctantly more aware of the damage. that we've done of the danger that we are visiting on ourselves as believers and professors of human rights. i hope that the when the result comes and it's going to come before long i think before hopefully in my lifetime. that we do away with this process i think only afterward will people fully comprehend how much different we are as a country if we are not killing country your point of the roughly one hundred ninety nations the death of the united nations recognizes one hundred s

china, and south africa have taken their first concrete steps toward that goal. the brazilian president, dilma rousseff, hosted the leaders of other brics countries. they called for reforms in the united nations so delegates from countries such as brazil and india can play a greater role. they will put $100 billion into a development bank to fund infrastructure products and they put aside the same money to help emerging nations in times of crisis. brics leaders want to change the global financial order shaped by western powers after world war ii. they say that people who run institutions such as the world bank and the international monetary fund have too much control. >>> the operators of a japanese firm have looked into the sky and see sunny days ahead. so the executives at smbc aviation capital have decided to buy more than 100 new planes from airbus. executives from both companies made the announcement at an air show in farnborough, britain. smbc is based in dublin. major shareholders include sumitomo mitsubishi financial group. smbc executives signed a deal worth almost $12 billion to purchase 115 planes. they are expecting to receive the first ones in two years. they plan to leas

and south africa have taken their first step to that goal and set up their own development bank and set aside billions to help countries in china. they called for reforms to the united nations so delegates from countries such as brazil and india can play a greater role. they will put $100 billion into a bank for infrastructure products and the same to help emerging nations in times of crisis. brics leaders want to change the global financial order shaped by western powers after world war ii. they say that people who run institutions such as the world bank and the international monetary fund have too much influence. >>> the head of the federal reserve says too many americans still can't find work. janet yellen suggested that the central bank would keep interest rates low until things get better but she confirmed that the fed's bond buying program would likely end in october. yellen testified before the senate banking economy. she said the economy continues to improve by the recovery is not complete. she said she and her colleagues need to make sure things are on a solid trajectory. then they can consider raising the key interest rate. >> there's no formula and there'

china depends more on middle eastern energy than the united states does. >> since bob zelick uttered those words, have the chinese accepted them and taken notice of them? that they believe in that and they want to be a responsible stakeholder. >> there is some ambivalence because of there was a part of chinese friends that i talked to which says this is a -- we have a good thing going, a peaceful climate in which we've been able to develop our society economically and politically. that is a good thing. there is another piece of chinese opinion which harkens back to what they call the century of humiliation and a period when they felt like a world system was created despite them, without them. they had no role in its creation. they want to contest that. i think there are differences of view in china and within the minds of individual chinese strategists. i think the objective of american policy to the extent we can have any influence is to make the internationalists and participatory impulses prevail over the grudging and historical tendencies. >> there is the question of russia making this energy deal with the chinese to supply them with energy. could

is going on with china think the obama administration is right to consider the need to refocus on asia. >> has that had taken place? >> not practically. we move forces and arena unitsnd strengthen ties with countries like vietnam. reopened strengths and ties with the philippines. -- this isl of f all early moves in a chess game. i teach the history of financial fraud. it came about a number of years ago. i was joking with the former president at one of my -- i would go get my doctorate in history. he said we have something we want to talk you about. he asked if i would be interesting teaching at the yale school of management. i jumped at that chance. >> why? >> the ability to teach graduate students a framework about thinking about corporate wrongdoing which goes back as long as there has been corporations. it is really a history class back in the late 17th century, the first ipo in england. when you teach to frameworks as wonder,ses and the wateo you begin to realize that bernie made off with just one in a long time line and it has been going on for hundreds of years. >> after 2008, nobody is going to jail. we had people go going to jail for insider trading althou

united states doing? is confirming the worlds ever-growing opinion of it as foolish, weak, toothless and able to be taken. what are we doing with regard to the fact that china is increasingly extending its power over the western pacific? well, we are sending a few troops to the philippines, not nearly enough to protect it of course, not nearly enough to protect anything while may came loud noises about renewing our commitment to our allies in the area. precisely the same mistakes as in 1921 and which mistakes can be expected to have the same results. starting in the 1980s and in the 1990s the united states has been suffering attacks from various terrorists. the u.s. government has several times and by george w. bush after 9/11 declared some kind of war against these terrorists, but the u.s. government has failed to identify who is causing that war, preferring to portend that this war is being waged by a few rogues whose identity except for these fellows like bin laden are the 200 or so people who were with them in this thing called al qaeda most of whom by the way are now quite dead, and neglecting, preferring not to understand that a whole civilization is

united states, and we've taken some hits, germany is the one that is the most important. the ability of the germans to look elsewhere, both now coordinating with us, and being able to work closely with chinawe need the germans more than most. >> when he the germans -- we need the germans what anybody. the saudi's are saying to the sunnis, disengage from these guys. we are not much influence they have. have tried to disengage before but came back. you do see that. they have bonds and resources. the most well-financed terrorist group in the history of the world. that has to concern us greatly. >> wherever they take the town may take the banks. >> you have hard currency and gold sitting there. time, you have the saudi saying to them, don't get involved. they were thing than the beginning. all those people would rather be with isis than be with maliki. >> it was a trade-off. >> i think the saudi's a bit surprised himself -- i think the been surprised. the kurds are in a good position. they've taken 40% additional territory in the course of the last several weeks on the back of isis fighting with maliki. they have taken critical oilfields and kicked out local operators in those fields. now you

china now depends more, for example, on middle eastern energy than the united states does. >> since bob zell eck uttered those words have the chinese accepted them and taken notice of them and said we believe in that and so we want to be a responsible stakeholder. >> i think there is some ambivalence. >> rose: why is that? >> because there is a part of chinese friends and i talk to chinese friends an leaders all the time, i'm sure you do too, which says this is a-- we have a good thing going. we have a peaceful climate in which we have been able basically in an unfettered way to develop our society, economically and politically. and that's a good thing. let's not ruin it. but there's another piece of chinese opinion which harkens back to what they call the century of human-- and the period when they felt like a world system was created despite them, without them. they had no role in its creation. and they want to contest that. again-- . >> rose: contest that number? >> yes. and that's when-- . >> rose: by offering alternative systems. >> yes. and i think there are chinese who talk about their own political economic system as an alternative. >> kind of say

with china and others i think the obama administration is right to consider the need to refocus on asia. >> but has that pivot taken place? >> not practically. we've opened some bases and marine units. of course strengthened ties with countries like vietnam and reopened and strengthened ties with the philippines. but this is all the early moves in a chess game. >> you teach financial fraud at yale. >> i teach the history of financial fraud, now how to commit it. i do. ? how did that come about >> i was joking with rick 11 the former president one of my fantasies was sometime down the road to go back and get my docket rat in history. he joked that, well, interesting you should say that because we have something we want to talk to you about. and they asked if i would be interested in teaching at yale school of management. and so i jumped at that chance. it's one of the best things i've ever done. >> why is that? >> the ability to actually teach graduate students a framework about thinking about corporate wrong doing which goes back as long as there's been corporations. we start the course it's really a history class back in the late 17th century back in england. and when you teach th

united nations human rights council, which really can't be taken seriously as a human rights organization, and i'll tell you why. mr. perry: let's talk about some members on it. cuba, russia, congo, ivory coast, venezuela and china. when you think about cuba and vens way lark they outlaw political demonstrations in their country, yet they're on the human rights council judging israel. think about ivory coast and congo who allow genital mutilation in their country and yet they're judging israel this commission established a commission to probe alleged war crimes in violation of international by israel for defending its citizens against rocket and -- rocket attacks and terror tunnels. really? a commission to probe the war crimes from israel? what they should be doing instead is focusing on hamas, which uses its citizens as human shields. while its commanders flee to bunkers. if hamas uses human shields to protect its rockets, is that israel's fault for defending itself? but somehow as americans we're told that that's what we should believe. everybody, everybody in this chamber, every american is saddened by the tragic loss of innocent life on both sides of the conflict. however, let's be clear. it's hamas. a desig

taken over. it includes the atlantis, which will be a part of the autographed collection, that's about 3500 rooms. but we're signing hotels, deals in china and india, unitede. again, we're at a good growth stage in the cycle. >> is the market getting bigger or are you taking market sare? how does this work? there is a new hotel. you say we can manage this better tan these other guys? >> we think, we talk about full service and limited service. full service would be luxury and marriott renaissance would be our primary brands in that space. of all the full service hotels in the united states under development. we think almost half are headed towards our brands. so most of it is that we're taking sare. by the way, that half compares to a current share of about 10% of the total u.s. lodging business. so we're clearly taking more than our fair share. by and large those are not the best uses of residential real estate from those markets. >> those sound like aggressive buying. why so aggressive? do you feel good about things? do you have the capital? >> everything we do, we do with a real estate partner. so by and large our real estate partners are betting with