and world bank kind of looking back since you served is so long and this institution what do you think about kind of what they present and sell themselves to be entire world i mean the whole structural draftsman policies keeping the third world perpetually in debt i mean you do about just that entire ruse to maintain their profit structure i think these are institutions that if they are cleaned up can do a lot of good they can provide a basis for a peaceful transition it's very clear that we need we need to have some regularity in our international financial system we need to we what we certainly don't need is a currency war and that's what we're on track for unless and until we start to get to the bottom of this corruption and it's very simple actually to do because most of the people know that the corporate media seventy percent of the americans in a recent gallup poll distrust their media because it's owned by these banks care and to wrap it up why do you think that whistleblowers such as yourself obviously exposing this matter of massive corruption within these financial institutio

and world bank kind of looking back since you served as so long into this institution what do you think about kind of what they present and sell themselves to be entire world i mean the whole structural drosnin policies keeping the third world perpetually in debt i mean dude that's just an entire ruse to maintain their profit structure i think these are institutions that if they're cleaned up can do a lot of good they can provide a basis for a peaceful transition it's very clear that we need we need to have some regularity in our international financial system we need to we what we certainly don't need is a currency war and that's what we're on track for unless and until we start to get to the bottom of this corruption and it's very simple actually to do because most of the people know that the corporate media seventy percent of the americans in a recent gallup poll distrust their media because it's owned by these bandits care and direct of why do you think that whistleblowers such as yourself obviously exposing this matter of massive corruption within these financial institutions are n

today dozens of activists gathered outside the world bank in d.c. in a demonstration to mark the fourth anniversary of the military coup that ousted honduran president. the coup unfolded like a scene out of an action movie and military police stormed the home of the president kidnapped them boarded him on a plane and effectively overthrew the country's democratically elected government and since then the country has fallen into a spiral of violence political instability repression against social movements the targeting of journalists and a wave of crime stemming from rampant gangs drugs and even the police all of which act without their impunity in other words total chaos in fact the situation has become so volatile that multiple international human rights organizations are constantly monitoring the country and sadly the small central american nation was just on board of the all but coveted title of the world's murder capital even now as i report this a search is ongoing for a beloved journalist. who was kidnapped earlier this week many fear he may

today dozens of activists gathered outside the world bank in d.c. in a demonstration to mark the fourth anniversary of the military coup that ousted honduras president. the coup unfolded like a scene out of an action movie and military police stormed the home of the president kidnapped them boarded him on a plane and effectively overthrew the country's democratically elected government and since then the country has fallen into a spiral of violence political instability repression against social movements the targeting of journalists and a wave of crime stemming from rampant gangs drugs and even the police all of which act without their impunity in other words total chaos and fact the situation has become so volatile that multiple international human rights organizations are constantly monitoring the country and sadly the small central american nation was just on board of the all but coveted title of the world's murder capital even now as i report this a search is ongoing for a beloved journalist. who was kidnapped earlier this week many fear he may

and if that happens banks will be devastated too on wednesday jim yong kim the president of the world bank said that the warroad should stop arguing about whether humans are the cause of climate change argument pretty much that only takes place the states by the way and instead start taking action to curb climate change is devastating effects at thomson reuters newsmaker event in london yesterday world bank president jim yong kim said that there was a ninety seven and ninety eight percent agreement in the scientific community of global warming and climate change are real and that they are caused by human activity he went on to say that if you disagree with the science of human caused climate change you are not disagreeing that there is anthropogenic climate change what you are disagreeing with is science itself governments across the globe of already taken some actions to combat climate change many have agreed to limit global temperature rises to a low two degrees celsius it's about three point six degrees fahrenheit but the banks at the world bank are saying that isn't enough and they're

joining us former world bank chief and u.s.ntative bob zoellick now at the peterson institute. bob, thanks for joining us. i guess the french are worried that the american mass media entertainment will be a threat to european culture i think is what they're trying to say. how can this hold up such an important trade agreement? >> well, glad to be with you and let me explain for your viewers kind of where this is in the process. the european commission negotiates on behalf of all 27 member-states which france is one. so before they actually even% enter formal negotiations with the united states they have to get a mandate. and what france is saying is, it wants a cultural exception, soo3 none of these topics can even be on the table at you will. so the commission has said we're willing to promise to deal with them with greater sensitivity but this is issue whether they're part of the game at all. and the equivalent on the u.s. side it has to get authority from the congress to be able to negotiate and they will also give direction

the world bank is committing billions of dollars to cities said to be at a high-risk of climate change-- including rising sea levels, and violent tropical storms. bangkok, ho chi minh city and jakarta are among so-called hot spots expected to receive aid money. world bank president jim yong kim says climate change threatens to derail global poverty fighting efforts. "south asia is a cornerstone in our effort at ending poverty, if we don't take action now, we'll never reach our goal and the impact could be devestating." climate change is still heavily debated. despite that, funding efforts spiked in 2012, and are expected to go even higher. as the immigraiton bill winds its way through congress... the congressional budget office estimates-- the bill would reduce the deficit by $197 billion during the next 10 years. the study shows by moving immigrants to legal status-- they add to the economy and become taxpayers. critics have said passing the immigration bill would be costly to the country. on the hill this week, a house panel passed a measure making a federal crime for illegal immigra

move across its own data from the world bank. foreign and domestic growth to 54 billion by 2015.t of potential opportunities here but where are the real chances here for investors? i spoke to a partner at the group and here's what he had to say. >> nigeria, we're very active in financial service, oil and gas services, fast-moving consumer goods. it's a large market, 150 million people growing urbanization across the continent. people are brand conscious. there's an emerging middle class. so i think you can put two and two together. if an economy is growing at 5%, your cities are growing at double that, 10%, and the good companies are growing at 20%. >> now remember that the imf recently upgraded it's outlook for subsaran africa. that growth is causing some concern because according to word economic forum that growth is not inclusive growth and that want raises questions about sustainability. the current growth is trickling across, trickling in across asset classes including the property space, i spoke the emea ceo. here's what he had to say on the opportunities there. >> you know

the world bank lowered forecasts for the world economy for this year, but in the end, better than expected economic data from the u.s. helped the share market to rebound slightly. unemployment has been better than expected and consumer confidence rose. click stephan wolf there. let's take a look up the market in some more detail starting off in germany where the dax ended the day down after having lost quite a bit more ground earlier. the euro stoxx 50 had not to terrible of a day. right now, the dow is looking healthy up one percent on the back of the numbers stephan was talking about and the euro continuing to make gains against the dollar. >> the u.s. supreme court says human dna cannot be patented but they allow the anonymous court ruled that they are reserved for human innovations only in the u.s. biotech company brought the case to enforce two patents on cancer-causing genes. genes, they say, they discovered. the eu commission has presented a new plan to speed up the process of getting help to the scene of an accident. >> no one will any longer have to call by an ambulance -- an ambu

he asked for world bank support for japanese businesses that want to invest in africa. >>> anti-government protests in turkey have spread nationwide. rallies occurred in more than 200 areas including the capital. >>> a redevelopment plan sparked the initial protest. shorts wanted to renew a care in central istanbul. people say they're frustrated with the government's conservative stance. the interior men industry said 235 rallies took place on wednesday. police detained 1700 people. istanbul is one of the cities vying to host the 2020 olympics. they called the protests unforgivable when the country is getting closer to it's stream to host the games. they told reporters that opposition extremist are trying to stir up sentiment. >>> a fire has injured 154 people. people were unable to escape because of the plant's layout. the fire broke out early on among at a fak voir in duhui city. three explosions were heard before the flames began to spread. they quoted firefighters assaying the factory's complex playout made it difficult to rescue people inside. police are investigating the cause of the

strategic importance to its own citizens why was kinda so enduring because they need aid from the world bank because they need aid from the i.m.f. there were told if you don't change you don't get money from us. so everything including education health communication transportation energy and water follows the free markets rules. agriculture was no exception governmental support was withdrawn and farmers were now on their own. after a structural adjustment the subsidies that were going into fertilizer into seeds and the entire cultural extension services were removed and this is a cinch and services now have to be paid and because people did not have money to pay the never consulted extension workers so the food production just slumped and as we're talking now it is a basket case we are a net food imported country. so what happens you don't have enough to feed the people so you have do a they import and if you don't have enough money to import you get food aid. behind nairobi skyscrapers in the shadows of the kenyan capital's luxuries lies kibera. it is one of africa's largest slums. approxim

the corporate trade panels, they were imposed on his country as they were many countries by the world banks conditions of lending. so is a straight jacket that the u.s. supports because it is pursuing interest of u.s. corporations. this has nothing to do with protecting public interest. it is a violation of public interest and a blockade against democracy. month bolivian president evo morales ordered the expulsion of the u.s. agency for international development from his country. you're very familiar with the situation in bolivia. in a speech, morales cited the recent comments of secretary state john kerry referring to latin america as in his backyard. he also accused usaid of using international assistance for political destabilization. kerry comment of john saying that. >> some institutions from the u.s. embassy continue to conspire against this process, against the people, and especially against the national government. and that is why using this gathering and the first of may, we decided to expel u.s. aid from bolivia. u.s. aid is leaving bolivia. ask our brother foreign minister to im

melissa: still, i mean, brian, the world bank predicting that we'll see 2% growth.s both horrible and optimistic? 2% at this point is, to me, feel like more than we can hope for and it's a terrible number that will not help very much. maybe that is why we saw the nikkei plunge 6 1/2% overnight. >> yeah, i mean it may be. the nikkei, the japanese are throwing, understood dells at the wall to see what sticks and, i think the run-up in their stock market was a lot overdone. you know, 2% is about what europe is experienced for the four decade. melissa: oh. >> that is nothing new either. just to go right back to what sam just said, tell me something i don't know. melissa: okay. >> all of this is priced into the market, everything, whether the worst prediction or the best prediction, it is all price understood the market. and what that tells me we're more likely to have an upside surprise he think in the future rather than a downside. melissa: you think? i don't know about that. sam, do you agree with that? it is all price understood the market. i think ben bernanke is wh

. >> chancellor angela merkel was on a tight schedule at the world bank for them in berlin. she used the time she had to join the bank president and calling on governments to do more to fight climate change. >> people often say the cost of taking action is too high, but we cannot forget what will happen if we do not take action. we must consider that. >> the consequences of climate change are already being seen. droughts are becoming more common in parts of africa, and up to 40% of fields could disappear in coming decades. both merkel and kim are convinced the world must take action to reduce emission levels and lower energy consumption if the worst is to be avoided. >> in southeast asia, we think and scientists tell us that the sea level rises will be 10% to 15% higher than in the rest of the world. this means that rank, manila, ho chi minh city, calcutta could be underwater. >> chancellor merkel is calling on the united nations to form a new commission to coordinate international efforts to stave off climate change's worst side effects. >> authorities in singapore have urg

. >> chancellor angela merkel was on a tight schedule at the world bank for them in berlin. she used the time she had to join the bank president and calling on governments to do more to fight climate change. >> people often say the cost of taking action is too high, but we cannot forget what will happen if we do not take action. we must consider that. >> the consequences of climate change are already being seen. droughts are becoming more common in parts of africa, and up to 40% of fields could disappear in coming decades. both merkel and kim are convinced the world must take action to reduce emission levels and lower energy consumption if the worst is to be avoided. >> in southeast asia, we think and scientists tell us that the sea level rises will be 10% to 15% higher than in the rest of the world. this means that rank, manila, ho chi minh city, calcutta could be underwater. >> chancellor merkel is calling on the united nations to form a new commission to coordinate international efforts to stave off climate change's worst side effects. >> authorities in singapore have urg

the per capita gdp of cambodia for last year, as announced by the world bank, was 908, so the average garment factory worker earns 40% more than national per capita gdp. if you use that as a gage, i think any worker in america would be glad to get 40% more than national per capita gdp. >> reporter: the minister of commerce says factory owners have little wiggle room, because they are no more than contract tailors. >> they do not own the fabric, they do not own the brand, they import the fabric, cut, sew and then sell. >> reporter: investors from china, take juan, korea and malaysia could demand higher costs, but that would be suicidal. >> as to increase the minimum wage? what happens? the investor just pack up and go home. >> or go to noticianother count. >> we have to compare our price with bangladesh, with pakistan or india, you know, or even china. >> reporter: san francisco-based gap is the largest buyer of garments made in cambodia and buys from other developing nations. bobbi silten who owns gap and banana republic and old navy, has no plans to leave cambodia. >> we have longsta

research are the world bank and the international monetary fund show that eliminating barriers to women's participation in the economy boosts productivity and gdp. i think that is growth we cannot afford to ignore. other countries are taking note. the prime minister of japan said he wanted to put women at the heart of his economic agenda to expand access to affordable childcare and parental leave and for businesses to appoint at least one woman executive. he said women are japan's most underused resource. he is right. women are the world's most underused resource. i will continue championing the rights and opportunities of women around the world, but i do not want to forget women and girls here at home. making equal pay a reality, expanded medical leave benefits, encouraging women and girls to pursue careers in stem. we heard a great presentation from the manufacturing community today to include productivity. we need more efforts like the cgi commitment by capital one to create a training program for women veterans. that is a wonderful idea. [applause] let me thank all of our cgi america

s at the world bank i.m.f. they were also members of british parliament along with high level c.e.o.'s of today's top tech companies google amazon jason the builder of web site listed two interesting discussion points from this year including very vaguely how big data is changing almost everything and cyber warfare what do you think this all means put put put this all together for us. well right now we have a huge scandal breaking out that's old news to people like you and me that the national security agency here in the united states is data mining all data whether it be phone calls e-mails or web activity and once again when you not only have the representative of the largest social network out there facebook and eric schmidt a man who goes way beyond google after all he had a diplomatic trip to north korea just this year you're obviously going to be in discussions on how not only to mine that data but how to store that data and how you can use it to profile not only individuals but communities states and eve

was agreed upon by international central banks after the two thousand and eight financial crisis if we remember we saw then the collapse of some of the world's biggest financial institutions some of the meeting bailouts taxpayers' money getting involved there and this report that we know that the guideline says that now two percent previously two percent equity that banks should have has been reduced to seven percent thereby creating this hole in the balance sheet of what concerns financial regulators most right now is the world bank of scotland r.b.s. having a thirteen point six billion pound a hole to plug and let's not forget r.b.s. is already eighty one percent old by the government after having received a bailout so this is certainly a sensitive topic when it comes to the bank banking or performance and how they actually manage their finances and this is again on the back of that report coming from an independent commission set up to investigate behavior of reckless behavior as you pointed out called changing the banking of for good at this if it is passed into law could mean that some baxter's bankers that are accused of reckless behav

their shot of running the world bank?does it mean they're going to have really commensurate influence over the international institutions? >> rose: should they? >> without question. i think the alternative of a cold war of a deepening hostility between the two is highly unappealing. we don't want to go even further back in time the anglo german antagonism that led to world war i. so it's much better to keep china inside this community of great powers but right now i think one has to recognize they're not there. the other important thing to recognize here is the exfont we may have to choose in there is a showdown between china and japan that is building. it's not about eye lets called value, it's a more general question about who our number one ally, our number one friend in the asia-pacific region is going to be. i think president's nightmare is being made to choose if those two powers come to a head-on collision and right now we are basically formally aligned with japan not with china. >> rose: by treaty. >> absolutely.

lloyds barclays world bank of scotland citibank j.p. morgan goldman sachs technically aren't insolvent if you get a mark to market accounting of the actual liabilities on their balance sheet you would find that they are insolvent and goes back to this six month or less global paper floating around that the aliens can see they're flying by our show and the like you guys are going to blow it's going to blow they're trying to warn people in other galaxies that if they have any money parked on planet earth get it out. out of planet earth because that is going to bloom. well of course the only way to pay off all these debts is to grow out of it and this is another thing that fitch points out is basically they've hit a point where it's impossible because with credit at two hundred percent of g.d.p. the numerator is growing twice as fast as the denominator you can't grow out of that. you know with. any definition of growth most include wage growth there's a growth mean wage wages over the past five years unlike any other balance in the stock m

think the market trend is driven by the prospects of central banks, process initiative, on uncertainty on economic prospects around the worldank of japan the third prong stimulus was put off after the fall elections will be held later this 84. disappointed mashlth markets last week. disappointment about the policy initiatives they may have and uncertainties stemming from bernanke and the minutes from 8-22. >> we are looking at that time safe thampblgs dollar, it comes to a ten-week low versus the yen. i think people thought the dollar would have risen out of what we seen from asia. we seen volatility in gold, too. what is the safe haven trade now, there one? >> i would say this is not a safe haven move. this is a little more nuance. there is a carry unwind going on. that's a little disturbing. deep liquid foreign exchange markets. the yen up against the euro about 1.9% today. it's also up against the u.s. dollar, investors were short the yen, because it was cheap to borrow now are covering the trade. so the action is really a byproduct of what's going on with the yen. consistent with the lack of the safe haven trading, we d

s at the world bank i.m.f. they were also members of british parliament along with high level c.e.o.'s of today's top tech companies google amazon jason the build of our web site listed two interesting discussion points from this year including very vaguely how big data is changing almost everything and cyber warfare what do you think this all means put it put this all together for us. well right now we have a huge scandal breaking out that's old news to people like you and me that the national security agency here in the united states is data mining all data whether it be phone calls e-mails or web activity and once again when you not only have the representative of the largest social network out there facebook and eric schmidt a man who goes way beyond google after all he had a diplomatic trip to north korea just this year you're obviously going to be in discussions on how not only to mine that data but how to store that data and how you can use it to profile not only individuals but communities states and ev