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 economy. the unemployment rate in britain has fallen slightly by 0.1% did in the three months to july, a jump of 286,000 gaining work. one story today for the markets is japan intervening in the foreign-exchange market. of course, the exporters are really liking that. honda, sony, and cannon are

they have yet to sign on to disciplines in the wto.ven with recent improvements designed to protect intellectual property, piracy and that is still widespread we are very concerned about the negative impact on our economic interest. we're pursuing a carefully- design, targeted strategy to address these problems. lacher, we won two wto cases against china. we took action in 2009 to address the surge in u.s. imports from china in one particular area. our anti-dumping programs provide protection from on fade -- unfair trade practices, and yesterday, we announced the filing of two new wto cases involving electronic payment services, and challenging duties on a particular steel product. we are now in the process of carefully reviewing the evidence presented in the petition filed by the united steelworkers union, challenging a wide range of chinese policies in the renewable energy sector. we are also exploring ways to encourage its talk-show property protection, and we are part -- intellectual property protection. we have seen some progress.

the subsidies are not fair to japanese solar panel makers operating in canada and says they violate wto rules, which ban unfair treatment of imported products. japan says it will ask the organization to establish a committee of experts to resolve the case if agreement through talks is not reached between the two countries. the government says it has taken that case to the wto to prevent the rise of protectionism in environmental-related industries. the solar energy sector is forecast to see substantial growth. the united states and the european union are expected to file complaints. >>> prime minister kan has asked california governor arnold schwarzenegger to invest in japan's bullet train system for the united states' plans transportation system. he said there had been no fatal accidents since it was introduced more than 40 years ago. the prime minister asked the governor to compare the safety record with train systems of other nations. >> we want to talk to the transportation officials and the experts in high-speed rail. we are looking forward to riding them. >> earlier, japan's trans

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 government employees in the country in question by at dummy countries and the may contract. -- and dummy contract. i cannot comment on the eventual result of our investigations. >> companies in the telekom group are alleged to have tried to squeeze competitors out of the market in 2005 to give it a group competitive advantage in macedonia. the allegation speak of payments totaling

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 since its heydays in the '80s. almost all related businesses have been shrinking. but one segment of moviemaking is still going strong. >> darn it! uh. all right, how's this? >> all right! >> reporter: in this small studio in hong kong celebrities in narration are making every effort to match their voices with the characters on the screen. >> your dreams come true. >> reporter: many kinds of movies, from japanese tv series to recent hollywood big hits, were all dubbed by talent in hong kong. this company started six years ago with only five people. now the number has grown to 50 and the business already runs the office area next door to build three new studios. >> hong kong's a global city, right? international city. and there are a lot of different people here, working her

there are two new wto cases against china.are also exploring ways to encourage a more substantial and permanent in intellectual property protection in china. we are pursuing these objectives at the highest level of the u.s. government. we have seen some progress, not just in the rapid rise in exports, as i mentioned. we very much welcomed the recent assurances by the chinese government, including the president's statement this week that china will commit to -- we would like to see that applied more consistently in practice in china. this is the basic premise of the multilateral trading system from which china has benefited so greatly. we welcome your attention to these issues and we will work closely with this committee and with your colleagues in both houses of congress to best protect our economic interests in this important strategic relationship. we need a more balanced economic relationship with china. this is imperative for us and it is important for china as well. thank you very much. >> thank you. i will take my five m

the second is that we of rights under the wto -- we have rights under the wto to make sure that china is not limiting or unfairly discriminating against us. we're using those tools much more aggressively and very effectively to try to get better protections for intellectual property and less discrimination. we have a long way to go. we're having an important debate. we're in heated agreement on the objectives. we are concerned. the challenge is, what is the best set of additional tools or leverage or persuasions that we can use? we're working very actively with countries around the world who compete with china. many of these practices have more adverse effects on them. china interact more directly with them than they do with us. we will try to use all of these tools and work with you and your colleagues to find better approaches. >> i appreciate your answer. i want to encourage you to look at the currency reform for fair trade act. i yield back. >> i think that is an appropriate place to end. mr. secretary, it has been a long day. i think you started over on the senate side at 10:00 a

i think it could run afoul over wto obligations. the commerce department recently determined the chinese currency regime is not need test set out in u.s. statute. i would like to insert that decision in the record. >> i do not think that says it exactly. >> let's put it in the record and have them read it for themselves. >> we have heard a lot about congressman ryan's record. >> that is not my judgment to make. i am not in a position to give a legal assessment. that is a judgment that the lawyers would make. i like to refer you to them. they are looking at that basic question. i know have their -- there have been many concerns. we will take a careful look at that. >> i would be interested on your thoughts at a one to get a chance to look at it. this is our fourth hearing on china this year. it is very frustrating to have that prope. who have not ever had the trade representative. it the tape and masses -- take that message back and try to get us an answer. if we make a mistake, what avenues did the chinese have available to them? an

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 you're just waking up, this is "early today." in sports, another unsung hero came up big last night in the race for first place between the yankees and the rays. >> good morning. the first two games went to extra innings and the season finale lived up t

the wto's preliminary finding is the latest in an 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 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 bunches. 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 some heavy rain. your forecast is coming up. you're watching "earlday." i can take one airline out... and another home. so with more flight options, i can find the combination that gets me there and back quickest. whe

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 meteorologist scott williams. back to work and school for many after labor day. get your tuesday regional weather forecast ahead. you're watching "early today." test >>> good morning. if you're just waking up, this is "early today." in sports last night in the nation's capital, in college football's bigge

also, two new complaints about chinese trade practices at the wto. our guest from "the wall street journal" is with us. america says china is not doing enough to raise the value of the yuan. is that correct, given that the currency has been rising? >> the currency has been rising at is that one of the highest levels against the dollar today leading into the testimony from treasury secretary geithner. most people say it does not reflect the economic strength of china. from a fundamental basis, very few would argue that the chinese currency is fairly valued right now. >> , of and appreciation is washington looking for? in reality, how much difference would it make for american businesses. >> pending on who you talk to, it would like to see a double digits increased. you're looking at high unemployment persisting in the united states and a big trade deficits in the united states. most economists do not really think this currency issue will solve these problems. they're bigger issues at hand. we're headed into an election season in the united states. con

the eu is expected to bring its plans to the wto for approval. >>> shares and deutsche bank were among friday's worst performers on rumors the bank is planning a huge capital increase to shore up its balance sheet. german newspapers are reporting that the to bank will sell 9 billion euros in new shares to prop up its reserves to meet new capital requirements. they are also rumors -- there are also rumors that deutsche bank will increase its stake in postbank. if deutsche bank this fall with a capital increase, it would be the biggest in europe so far this year. >>> those talks weighed on european stocks on friday, bringing the session lower. we have a wrapup of the trading action from the frankfurt stock exchange. >> the prospect of a capital increase is not good news for stock owners of deutsche bank. if the capital increase happens, the profits in the future will have to be divided by many more shares nevertheless, not all traders are upset. soon, lawmakers will require higher capital requirements from all banks, so strategically it could be a clever move to do a capital increase now

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're watching "first look" on msnbc. wall street is getting back on its feet. but the financial landscape is still full of uncertainty. in times like these, you need an experienced partner to look out for you. heads up! and after 300 years we have gotten pretty

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, can you hear me clearly? >> yeah. >> repor

. >> a big boo boom hanes wto didn't suit up last week but all signs point to a change this week.nd also trent williams has been hobbled since the texans game. he took strides to get back in the mix today but will he play? and the wizards a great season is coming up. they make roster moves next. right here in this neighborhood, i grew up learning strong families and hard work means opportunity. and that starts with good schools. it's a tradition here in maryland-- and why in these tough times i've put education first. we've made record investments in our classrooms... doubled the number of charter schools... and we've frozen college tuition for four years in a row. and it's working. experts say we now have the number one schools in the nation. when it comes to expanding opportunity in every neighborhood, i know that we must do even better. >>> if the redskins want to cure what is ailing their rushing attack this maybe the week to do it. they had craters this they their attack last week. hopefully the redskins can. having having trent williams in the house will help. he has been ab

because congress did work with us and we did explicitly make it clear that it was done in come port with wto rules, we were very comfortable with what we did. now the rest is buy america looks very different when it becomes buy china -- you know, we have to be careful that we aren't just setting a spiral where everyone seeks to close their markets in favor of their own industries because that is what happened in the great depression. >> ambassador, i appreciate your time. thank you so much. >> thank you. >> trade between >> susie: a trade dispute between china and japan escalated today. chinese officials denied they've cut japan off from exports of so called "rare earth metals." japan said the move was in reaction to a dispute over a fishing boat collision. china virtually owns the market for those crucial minerals. so what are they, and why should we care about a trade fight half a world away? scott gurvey explains. >> plasma tvs, hybrid cars, windmills, turbines, missiles. what do they have in common? they all contain tiny bits of rare earths. these are 17 elements which mostly hang out to

wto. i know maybe it fits in with the people watching your 10:00 show but i'm quite enlightened and a working class hero, thank you very much. >> the best airing of the teacher factor was right here for two hours yesterday. audience filled with teachers. fascinating. some saying we can't do this without tenure. that's what allows us to stand up to principals getting things wrong. yo younger teachers saying the union protects me enough. fabulous exchange. >> it was. >> those teachers shared, there were teachers in the audience who agreed more with you than they might agree with someone else. and then there were teachers who were very protective of the union as you might expect but i think those two hours illuminated -- >> i hope you were joking about me being a union barber. i'm absolutely not but i don't think you can go up to harlem or the south bronx or you're working in a school, especially, though, in new york where we have charters, public charters that work and you have unions that a

do you know anything -- i have to ask this question first -- do you know anything about the wto? furthermore, the consequences that be up to where we are now -- lead up to where we are now is from the era of the act that is located on thomas.org, which takes all the bills and everything from congress, the voting records and who did not come out right there on the web sites -- who did what, right there on the website. the tarp fund and all the differential things we are encompassing now, as far as the general populace of the united states, is going to be continued. therefore, money like tarp, for example -- i don't care whether it is republican or democrat whatever -- how many times can you keep laid out this kind of money and not even checked the wto and get rid of it? guest: well, i actually worked on the wto when i worked for 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

wto drives a suffer ball to center. two score to make it 3-0 phils.n the ninth, roy halladay facing evidence pin knossos is a and to go the distance as the phillies blank the nats and clench the title here in dc. >>> as snookered as the redskins must feel for giving haynesworth $100 million they must feel twice as snookered for giving him all of that money and are having the worst defense in all of football. that is what they have. sunday's loss to the rams drops the skins 1-2, the same record last year at this time under jim zorn. it is still early for shanahan but perhaps he dunn walk on water after all. >> big concern is 3rddowns. what we have to do is get people off the field and get bear in that area. >> we are one step behind. condition make a stop or a play when we needed to. we fought back as a team but it one enough. >> reporter: punner auditions today at redskins park and tomorrow preparations begin for donovan's reunion with the eagles. have a great tuesday, everybody. you may dread that but won have to dread the irs tax form arriving in th

coming from someone with a black bandanna over their face running with a "smash the state" banner at a wtoe '90s. mr. demint, when you spoke to your guidance counselor in high school, did that person really suggest governing as a good career path for you? because the country does need running. it does need governing. and if you are against that on principle, then government service maybe shouldn't be the right fit for you. the government shutdown back in 1995, the gingrich shutdown cost american taxpayers about $800 million. these things are not free. mr. demint today threatened to do it again just for the sake of doing it again. jim demint wanting to do this is not surprising given how radical his politics are. so far the supposed republican leader, mitch mcconnell has had no comment on his threat to shut down the government. watch how other republicans and conservatives respond, though, to what jim demint is doing. in policy terms, it is a little spooky about the senate that one senator can shut down the entire government if he decides to. in policy terms, it's a little spooky. in politi

we have a right, under the wto, secondly, to make sure that when china is doing something else in china that limits our excess or unfairly discriminates, we can take them to the wto and get them to stop those practices. we're using the very effectively. we have a long way to go. we are having an portent debate , region and partisan debate, not about the object -- and the important debate, not about the objective, but what additional sets of tools we can use. many of these practices have more adverse effects on other trading partners. we will try to use all those tools, and work with you and your colleagues to see if we can find better approaches. >> i appreciate your answers, and i encourage you to look at the currency reform for their trade act. with that, i will yield to the chairman. >> i think that was inappropriate place to end. mr. secretary, it has been a long day. i think he started on the senate side at 10:00. you have any meetings in between there and here. we appreciate not only your time, not only your talent, but your dedication. we are proud that you are here, and you will

the wto has not really acted to bring this to hold. i think we need a change in this policy. host: this is a dealer who calls ewer whomaverick -- vi called himself maverick -- guest: i would hope that the majority of corporations are responsible. many are not. before the deep recession started perhaps in 2006, 2007, we know that many corporations felt that they could only survive by going offshore. look at the textile industry. new jersey, north carolina, georgia, mexico, costa rica, honduras, india, etc. sounds good, your profits will increase, you will stay in business longer. we need to find a way to stop the hemorrhaging, to find an incentive for those manufacturers. we have introduced that legislation to provide incentives to manufacturers so that they will stay here and higher american workers. these are good paying jobs that provided at least partial health benefits for individuals. these were not walmart jobs. i am proud that i do not have a wal-mart in my district. host: we are speaking to bill pascrell about tax policy. next phone call. caller: i have a question. wh

the currency reform for fair trade is not a viable option because of the belief that it may not be wto comply nt. at the same time, you said, quote, the administration is using all the tools available to ensure that american firms and workers can trade and compete fairly with china unquote. it's been apparent for years that china's currency is pegged to the u.s. dollar and it is severely undervalued. yet the administration refuses to officially list china as a currency manipulator and based on yours and ambassador kirk's statements also refuse to discuss a legislative option. mr. secretary, if these issues are off the table, i'd like to know specifically what the administration is doing to address our disparity with china and create a level playing field for american manufacturers who are hurting. >> can i clarify one thing? i was careful last week not to comment on the basic question about whether that particular draft legislation was consistent with our international obligations. you imply that i said it wasn't. i did not say that. we obviously want to make sure that any legislation

i started looking further around me and i see a group of bankers that wto