japan, the u.s., and taiwan had filed a complaint with the world trade organization, saying that the eu's action goes against a previous wto agreement to scrap import duties on high-tech goods. last month a dispute settlement panel ruled in favor of japan and other economies. japan's economy trade and industry ministry says the country's multifunction printer imports to countries had tafshd of nearly $65 billion levied. >>> as the economy continues to struggle, japanese companies are looking abroad to expand their business. the move is prompting firms to hire employees who are proficient in english. and that trend has led to a surge in demand and cost for some english lessons. now, schools are offering educational bargains to reap profits from a rapidly growing industry. >> reporter: jun amemiya is a senior at university. he's set to work for an international hotel chain after he graduates next spring. to improve his english he's been studying online every day since june. >> hello, jun? >> yeah. this is jun. >> oh, nice to meet you jun. my name is isabel. >> isabel? >> yeah. well, ca

. >>> the world trade organization is condemning the u.s. for paying, quote, massive subsidies to boeing that violate international rules which gave it an unfair advantage over its european rival, airbus. the wto's preliminary finding is the latest on an ongoing battle over aviation rights which gave airbus similar violations back in april. >>> goldman sachs is facing a gender bias suit from three former female employees. >>> and finally, praise the lord and pass the pancakes? well, if you're talking about the international house of prayer in southern kansas, just don't call it an ihop. the famed pancake house is suing the house of prayer for trademark dilution and infringement. >>> the rays reclaim first home runs in punches. and no heisman for vince young. plus, a game saving catch in cincinnati leaves diamondback fans seeing red. your early morning sports headlines are straight ahead. >>> today's weather trouble spot will be the great lakes with heavy rain. your forecast is coming up. you're watching "early today." >>> good morning. if yo

state support to boeing has broken world trade organization rules. aributhe tip of rivals have argued over funding for years. >> this is one of the largest and longest disputes in the history of transatlantic trains. back in march, the wto said airbus received improper loans for aircraft, including the a 380. >> 70% of the claims were predicted by the wto. loan structures are poorly in line. >> in turn, today's -- loan structures are totally in line. >> $130 million is said to come from nasa to design a part of the plane for boeing. >> this two companies use the runways one after another. why can't they get around the table and talk? airbus is willing to meet boeing anywhere and anytime. >> there no longer alone in the market. they have new rivals in china, russia, brazil, in canada. most of them also received government subsidies. in response to airbus, boeing is taking a tough line. it says contact of the government level as possible. otherwise, the time for debate is over. >> the markets will get into those shortly. good news for the british econo

. >>> a french report said the world trade organization will issue its long awaited opinion on europe's challenge to american government subsidies for boeing next week. it is the latest chapter in a long running dispute between boeing and european rival airbus over multibillion-dollar government subsidies. both sides have filed complaints with the wto. >>> and the euro is back in play and falling after a "wall street journal" report stoked fears about the viability of european banks, highlighting weak results from recent bank stress tests. >> and, finally, it turns out money really can buy you happiness, at least to a point. researchers have found people's happiness increases, along with their income, up to $75,000. for those making more than $75,000, their feeling of success or well being may improve, but not necessarily their happiness. so there you go. >>> well, a top ten battle in college football, tiger continues his comeback, and who's up at the u.s. open? >>> plus, unique foul ball action for one fan in toronto. your early morning sports headlines are straight ahead. >>> and i'm

the world trade organization has found boeing received over $20 billion in illegal subsidies from the u.s. department of defense and nasa. the ruling calls for those subsidies to be withdrawn. boeing maintains that any aid it received falls far short of the help its european rival, airbus, gets. goldman sachs is being sued for allegedly paying and promoting female managers less than their male counterparts. goldman says the suit is without merit. >> tom: still ahead, the list is in and you're no doubt familiar with the winners. we look at the world's top brands, and what makes them so special. >> suzanne: the recent deadly gas explosion in california involving pg&e has many people wondering if natural gas and oil pipelines in their communities are safe. the obama administration is moving to reassure them. it wants to add new inspectors and beef up safety standards. but, as stephanie dhue explains, it could be a slow process. >> with public attention focused on the natural gas pipeline explosion in san bruno, california, that killed four people and wiped out a neighborhood, the obama a

." >> susie: boeing could feel some turbulence tomorrow from the world trade organization. it's expected to rule that huge subsidies paid to boeing from nasa and the pentagon since the early 1990s are illegal. the international trade group has made seven similar rulings on tax breaks given to boeing. the panel is expected to do it again in a 1,500 page report released tomorrow. the timing is crucial. boeing and airbus are competing for a deal worth up to $50 billion to sell an aerial refueling tanker to the u.s. air force. >> tom: as we saw with the august retail sales results, consumers turned out for back- to-school shopping, drawn by last minute discounts. now, retailers are gearing up for their most important season of the year. tonight's "word on the street" is "holiday." gregg greenberg is a reporter at thestreet.com. he joins us from the nasdaq. >> tom: welcome back to n.b.r., gregg, nice to see you. >> always great to be here. >> tom: what kind of shape is the retail industry in as we head into the fourth quarter? >> well, over the last month, let's call it, retail s

. >>> the world trade organization is condemning the u.s. for paying, quote, massive subsidies to boeing that violate international rules, which they say gave it an unfair advantage over its european rival, airbus. the wto's preliminary finding is the latest in the ongoing battle over global aviation rights, which found airbus guilty of similar violations back in april. >>> goldman sachs is facing a gender bias suit from three former female employees who claim the firm is ruled by a, quote, outdated corporate culture which underpays and fails to promote women. >>> and finally, praise the lord and pass the pancakes? well, if you're talking about the international house of prayer in southern kansas, just be sure you don't call it an ihop. the famed pancake house is suing the house of prayer for trademark dilution and infringement. >>> well, the rays reclaim first, home runs in bunches, and no heisman for vince young. plus, a game saving catch in cincinnati leaves diamondback fans seeing red. your "first look" at sports is straight ahead. you'r

today chinese officials called it a breach of world trade organization policy. >>> according to a newdustry report, nearly one in every four homes sold in the second quarter was a foreclosed home. adding to the nation's foreclosure mess, jpmorgan chase announced yesterday it will freeze foreclosures in about half the country over paperwork flaws. experts warn it's a problem that could exist industrywide. >>> this morning's "wall street journal" reports mcdonald's is threatening to cut health insurance for some 30,000 hourly workers. mcdonald's claims new health care laws for its so-called mini med insurance plans would be, quote, economically prohad i been tiv. >>> keep an eye on boeing today. shares were up in late trade after the planemaker landed an eight-year, nearly $12 billion deal with the u.s. air force. >>> and finally how the mighty have fallen. two years after lehman brothers filed for the biggest bankruptcy in u.s. history, the sign that once hung outside the company's london offices sold for almost $67,000 at auction yesterday. that is nearly 14 times its estimated price.

the world trade organization has offered the u.s. government to withdraw subsidies it pays the airplane maker boeing. the wto backed european control -- european complaints the aerospace giant benefited from financial aid banned under the international competition rules. the u.s. says the report includes, "a number of inaccuracies." earlier this year, the wto ruled against airbus for similar breaches of competition rules. deutsche telekom says its executive is under investigation for suspected bribery in macedonia and montenegro five years ago, when oberman was head of the mobile phone division. the investigation was launched following requests from u.s. legal authorities. >> telekom is in trouble again. several chief executives are under investigation for bribery allegations. investigators searched headquarters and private apartments for evidence. the alleged crimes took place abroad. >> a money trail has been identified at a foreign subsidiary, which gives rise to suspicion the money ended up in the pockets of officials and governm

government has filed complaints against china at the world trade organization. they claim china protects its financial services market from competition and criticized its tariffs on steel products. the u.s. commerce department submitted their cases to the wto on wednesday. the u.s. claims china lets domestic firms operate a virtual monopoly in financial services like electronic processing of credit card payments. that's despite china's promise four years ago to open up the market to foreign companies. the other case targets china's additional tariffs on some steel exports, which beijing says prevents foreign steelmakers from dumping cheaper products on the mainland. the u.s. says the terrorists are blocking their steel exports to china. the two sides will hold talks for 60 days. if they fail to reach an agreement, the wto will handle the dispute. sources say the move comes as washington tries to take a tougher stance against beijing ahead of the u.s. midterm congressional elections in november. >>> the hong kong film industry has been in a slow decline ever sinc

talks on russia as a session to the world trade organization are expected to be completed in the next few weeks that's according to top officials in moscow but prime minister putin has acknowledged that membership may still be some way off he warns that in the meantime russia is not prepared to accept further economic restrictions. in the required can only be applied after our extension to the organization not a single restriction related to the exception process must be applied before the solution is complete because this process may last for ever be accepting restrictions without getting the benefits of full membership. ratings agency has placed the bank of moscow russia's fifth largest bank on negative watch it follows this week's dismissal of moscow's mare yury luzhkov by president medvedev the agency says the appointment of a new mac could cause a deterioration in the relationship between the bank and the city of moscow had close ties to the outgoing administration. and that's all the business news for now but of course you can always find more stories if you log on to our websit

talks on russia's session to the world trade organization are expected to be completed in the next few weeks that's according to top officials in moscow but promised putin has acknowledged that membership may still be some way off he warns that in the meantime russia is not prepared to accept further economic restrictions. that required can only be applied after our extension to the organization not a single restriction related to the exception process must be applied before the exception is complete because this process may last for ever and we will be accepting restrictions without getting the benefits of full membership. now let's take a quick look at how the equity markets are performing european shares have switched to positive territory in the last hour that follows a round of u.s. economic data including better than expected weekly job claims but u.s. economic growth slowed to an annual one point seven percent in the second quarter from three point seven percent the previous quarter. and the russian markets are gaining in late afternoon trade here in moscow with the my six up on

the world trade organization ruled today that an american ban on chinese poultry parts is illegal. the ban was imposed five years ago after an outbreak of bird flu in china. the w.t.o. ruling is subject to appeal. the u.s. placed eight iranian officials on a financial blacklist today. they're accused of severe human rights abuses following the disputed presidential election in iran last year. the regime cracked down after the opposition charged that the outcome was rigged. secretary of state hillary clinton said today the eight officials presided over beatings, torture, rape and murder. >> we will serve as a voice for the voiceless and we will hold abusive governments and individuals accountable for their actions. this is the first time the united states has imposed sanctions against iran based on human rights abuses. we would like to be able to tell you it might be the last, but we fear not. >> sreenivasan: the financial blacklist includes the commander of iran's revolutionary guard corps, among others. jury selection began today in new york for the first guantanamo detainee to be

outsourcing, because of nafta, world trade organization and other international groups and then taxation and regulation, osha, epa, that other countries don't face is driving american industry out of our country as well. there are some experts to come along and want to change our country to a service economy combination of paper pushers not producers. no thanks. here is $2. first one says a dollar and is a paper dollar, it will get to one-and-a-half courts of gasoline and the second is a silver dollar and a silver dollar will give teesjxteen ports of gasoline. 4 gallons. but they both say a dollar. so how can one be a dollar and the other? they really can't be but they are. the first one, of course, is a the federal reserve not in the second is a silver dollar. what has happened to the paper dollar is inflation. no inflation is not rising prices so don't blame the grocer and the gas station attendant, the landlord or employer. don't blame them. yes inflation is an increase in the quantity of currency. so who do you blame? you blame a counterfeiter, the government goes after the counterfe

we can't sell to you and so, we have been bringing more actions against china before the world trade organization. we are going to enforce our trade laws much more effectively than we have in the past. not because i'm antitrade. i'm pro trade. i want to make sure it's good for american businesses and workers and over the last several years, it hasn't always been. >> mr. president -- final question because we're out of time and you've got to go. >> i'm having so much fun though. >> 15 years ago at a similar point in his presidency, bill clinton took the stage at a town hall in new hampshire with newt gingrich, who was then the speaker of the house. are you willing to and would you like to debate john boehner before the election to lay out your two visions for the economy? >> well, i think that its premature to say john boehner's going to be speaker of the house. i do think -- i think it's important for the country as we go into the midterm elections to understand there's a choice in front of us. the other side, their basic argument is that if we go back to doing what we were doing before the finan

nafta and trade agreements like the world trade organization as well played a key role in aggravating these global imbalances. >> reporter: on the other side, the u.s. chamber of commerce, which hopes trade deals with mean more, sports of u.s. goo goods. they say the public citizens study is flawed. trade agreements create a lot of new opportunities and a lot of new jobs. on balance, we have a net plus, but we are not very good at helping those who are disadvantaged and lose their jobs and because of that, this is a big backlash. >> reporter: also proposed by the president, an increase in loans to foreign companies to buy american products, like helping a foreign airline buy a boeing, but does that amount to u.s. taxpayers helping foreign airlines compete against american carriers? >> there is a net gain for doing this and this is a way of catching up to what other countries are already doing. >> reporter: the president is trying to get a free trade deal with south korea done by november when he is going there for a summit, but the administration may already have its hands full during

when the republicans came in with the contract for america, they passed the world trade organization.oth john boehner and gingrich voted for that. then, a republican majority, voted for free trade with china. john boehner voted for that. when you look at stores that are filled with products made in china, you have to understand that the republican party has continually voted to shut our jobs out of the country, with the support of the democrats. i am in the constitution party. i think we need to see through this fraud. i am running for congress. the people need to see that bankers control washington. host: the associated press -- the associated press is reporting that the info report by bp is spreading the blame for the gulf of mexico oil spill. the report, which is posted on bp's website lists a complex series of failures. host: one last call. henry, on the republican line. good morning. you need to turn the television down. caller: ok. caller: can you hear me? the point is i am 92 years old. i well understand where we are at. i apologize, i am sorry about that. we are going to have

the have to do with the world bank and the world trade organization, the institutions in which the globalnomy is being regulated. there is very, very little that happens in international politics that the united states does not agree with. that is the reality of world power and is reflected by these institutions. host: san diego, calif., think you for waiting. john, democrats line. caller: i would like to talk about ahmadinejad's speech. the news guy said how could we allow this to happen? how could we allow ahmadinejad to speak at the u.n.? i think that is a very biased view presented by fox news. he is supposed to be a news die. host: what is your question? caller: it goes back to the previous call. they get one side of the view about the u.n. i think mr. jones -- i thank mr. jones for coming on and presenting the other side. if you only watch the one if you only watch the one channel, all you are going to get is negative stuff. the guy that was in the un in the previous administration, he is a regular guy. that is virtually the only view that you get from that station. host: mr. jones,

the have to do with the world bank and the world trade organization, the institutions in which the global economy is being regulated. there is very, very little that happens in international politics that the united states does not agree with. that is the reality of world power and is reflected by these institutions. host: san diego, calif., think you for waiting. john, democrats line. caller: i would like to talk about ahmadinejad's speech. the news guy said how could we allow this to happen? how could we allow ahmadinejad to speak at the u.n.? i think that is very biased view presented by fox news. he is supposed to be a news die. host: what is your question? caller: it goes back to the previous call. they get one side of the view about the u.n. i think mr. jones -- i thank mr. jones for coming on and presenting the other side. if you only watch the one if you only watch the one channel, all you are going to get is negative stuff. the guy that was in the un in the previous administration, he is a regular guy. that is virtually the only view that you get from that station host: mr. jones

as the advocates of free competition, transparent competition, and opening borders for a world trade organization that is as free as possible. that can be done in both ways. the european military budget has to welcome american military programs and equipment, since we take into account it could be vice versa, so european equipment could equip the american forces. with robert gates, we have also talked about equipping the french forces. i thank him for his support and help so we can possibly be one of the country's that can be equipped with the excellent quality of the american products in this industry. >> thank you, mr. secretary. the question for you and the minister on afghanistan. when we hear from commanders on the ground, they give a fairly upbeat assessment. it is cautiously optimistic, but clearly upbeat that they are seeing signs of progress. you are on the record as saying those concrete signs of progress -- you will have to show the american public between now and december to get their support for the strategy. what is your assessment? what concrete signs of progress are you seeing? ar

requirement is not unlimited because government procurement policies are also covered by the world trade organization rules. berry-type requirements are only permissible for agencies that are critical to national security. as a result, mr. speaker, it is my understanding that h.r. 3116 would only apply to the transportation security administration because of its national security role in securing our various airports. i'm pleased that president obama supported the berry amendment while he was serving in the senate and hope that his views on this matter have not changed and i think they probably have not. the berry amendment furthermore had been endorsed by am tack, the american manufacturing trade coalition and the national council of textile organization. economically, this requirement makes a lot of sense. certainly the berry amendment is responsible for approximately 70,000 jobs, half of which are in the domestic textile industry. conservative estimates from the textile industry associates indicate another 21,000 jobs could be created by extending the berry amendment to the department of homeland

cancel the book burning event because a muslim organization agreed to move the site of an islamic center planned for a location near the remains of the world trade center in new york. the muslim o, for its part, however, denied having agreed to such a trade-off. an official of the muslim organization told nhk they have not spoken with pastor terry jones and not at present considering a different location for the planned islamic center. the pastor's plan to burn the koran sparked an international outcry. earlier on thursday u.s. president barack obama urged jones to reconsider his plan in comments aired on abc television. obama said the book burning was contrary to american values stressing that the united states is a nation of freedom and religious tolerance. the president also said it could endanger the lives of military personnel deployed into iraq and afghanistan. >>> japan and the united states have agreed to resume negotiations on japan's restrictions on u.s. beef imports after a three-year suspension of talks. the two sides are scheduled to restart working level talks next tuesday in the u.s. the decision comes on the heels of japan's decl

the clinton administration, doing analytical support about whether we should have an organization to referee world trade disputes, and if so, what form it could take and what the consequences were. there, i found myself very rarely on the same side of the issue as newt gingrich, who was an extraordinarily big supporter round, uruguay o which was initiated by the george h.w. bush and bought it -- if thought it an extraordinary thing for the economy. as for the tarp, well, one at treasury secretary henry paulson -- when treasury secretary henry paulson went to george w. bush in 2008 and said, "we misjudged the situation and did not understand how bad things are going to get, we need to $700 billion now," and when he then went to nancy pelosi and got down on his knees in front of her and begged her to approve it, he thought that the choice was, as retiring federal reserve, vice chairman donald kohn said, that either we spend this money and keep a relatively small number of financiers who made bad decisions from reaping their just desserts, or put the jobs of millions of americans at risk -- a truce between

the way the project is organized is very professional regrettably we cantered the same way the moment of. trade between china and russia is heavily weighted towards energy the world's most populous and fastest growing country is hungry for power and russia has plenty of it but it's not oil and gas chinese companies are investing in manufacturing in russia such as thunder sky corp joining with ross nano to build a half million dollar pond in novice a beer to produce batteries for electric cars and buses russian tycoon addicted. who's heading the skolkovo project has high hopes for further partnerships however he knows that russians tend to overrate their country's scientific reputation. thank you no one knows much about us we are so proud of russia's vast scientific potential and think it plays a major role in the global scientific and innovation community sadly this is not the case china is the world's largest market and shanghai's technology park is one of the world's largest of its kind people who know almost nothing about us. vic's o'berg admitted that no deals regarding innovative industries was soaring during his visit to shanghai that stands at odds with the