normal trading relations treatment to russian goods that we provide to all wto members. that commitment requires us to terminate the application of the jackson vannic amendment. and jackson vannic achieved its historic purpose by helping thousands of jews emigrate from the soviet union and jackson vannic is not any longer the kind of active tool we need to promote universal human rights vis-a-vis russia. because we want to continue to press for human rights inside russia. but failure to lift jackson vannic will put our manufacturers, american businesses at a disadvantage. so we very much hope that congress will grant pntr to russia, lift jackson vannic, recognize the need to keep pressing on human rights inside russia and create american jobs as a result. and with respect to your other very important questions and areas of concern, congressman, i'll just end by saying we strongly support the work we're doing with colombia and brazil to promote rarcial and ethnic equality. we have the means to continue to work on that within the existing budget and it's a very high priori

the rules are the rules of trade set by wto and other organizations. given that the economic growth in that area is going to be moving forward, if we're going to create u.s. jobs, we need to be looking at asia. china is to understand that. guest: i think it is important to note, too, that our long- time allies want china to be there as well. it is not just a matter of the united states having a long-term presence in asia because china is there. because there are concerns about china. it is because our friends and allies want us there as well. it is important that we develop those relationships. host: sets of the some of the numbers of u.s. trade from last year. the total number, more than $5 billion. -- more than $500 billion. that is a trade deficit of nearly $300 billion. guest: it is a big trade deficit. this is one of our concerns. we need to get to a point where we see more balanced trade between our two countries. keep in mind, what you are referring to with the trade deficit that the united states has is a trade deficit with goods. commodities.

art ofwhat i wto lk about as far as the party bus. >> to you have any other comments and? >> i like a lot of the recommendations, and the commission is going to evaluate them. it is such a big thing on the front. we talked about it on new year's eve. one club next door did not have a huge crowd in front. not just seat away in front of recess, there was. i have met with the owners. they are nice people. hopefully you can give them the tools to help them improve what is going on. the crowd in front are not being managed. >> i want to open this to public comment. >> the incident described on new year's, that particur incident as we watch the sidewalk claudog, one patron was issued as he hopped the barricade and ended up being taken away by an ambulance. >> is there public comment on recess? nobody? you have three minutes. >> i actually owns this building. i sent them numerous e-mails. they ignored me. they do not know how to manage this crown. good >> i have one question. do you have a clause that regulates the behavior of the business? any other public comment? seeing none,

research, freer trade -- for instance, look at the position of europe at the world trade -- at the wto. britain is always in the right position. so i must say we cannot do without britain. and very often britain is more pro european than a lot of other countries. >> i have a question from greece. zinovia. in the back. we are under these greek columns. i hope it's a symbol of solidity and solidarity. >> translator: i have two short questions. >> translator: no, no, one question. >> translator: okay. let's say less than two. do you believe, really, that if greece applies all the measures imposed by the troika we will solve our problems? i'm not representative of the greek people, but i want to represent my generation in greece. and we really don't know what to do. there are many greek people who want to go back to greece, but they can't. the unemployment is enormous in greece, especially among young people. it's so bad i've tried to see what jobs i could find in greece so that i could go home. so i checked out the greek employment agency. and you know what? i found jobs for germany and f

we hope to work with congress to ensure that as russia enters the wto, foreign competitors do not have an advantage over american businesses. finally we are elevating development alongside diplomacy and defense. poverty, disease, hunger, climate change can destabilize societies and so the seeds for future conflicts. we think we need to make strategic investments today in order to meet our traditional foreign policy goals in the future. through the global health initiative and the feed of foout initiative, we are consolidating programs, increasing our partner's capacity, shifting responsibilities to host countries, and making an impact in areas of health and hunger that will be a real credit to our country going forward. as we transform development, we really have to deliver measurable results. our long-term objective must be to empower people to create and seize their own futures. these five priorities are each crucial to american leadership, and they rely on the work of some of the most capable, hardest-working and bravest people i've ever.met, the men of state and u.s. aid. working w

well, there's an article today in the "national journal" in which it quotes jim baucus, head of wto, former democrat from florida, congressman, who says that all forms of protectionism are politically appealing, particularly in an election year. he then add you but there's recent action by the united states against china for a similar export restriction similar to this, of condition not allowing commodities. and we have said china has broken free trade laws with their system of export, taxes and quotas. he goes on to say we would be at risk of offending the same law that we are kind of going after china on if we attempted to do something as well. also michael levy, an energy expert at the kounl on foreign relations is quoted in the same article, if this was somehow effective at trapping rocket in the united states that otherwise would be exported, the ultimate impact on gasoline prices could very well be bad rather than good. it would drive up prices. that's a reason why someone from massachusetts should oppose this, not just someone from louisiana. now, then there's the issue of whe

i have participated in it and see me use in seattle in 1999 wto protest. but i thought of it as something useful on the streets for communicate information. i hadn't thought of as a way of conducting an assembly. but we are standing in the center of a group of 2000 people, and megaphones were not working. she spoke a few words to the people closest to buy, then ask them to repeat it in unison to the others. that first night using the people's my, people haven't done it before, but immediately picked up on it. it creates an atmosphere of active listening and participation, and since we started the people's mic, the vibrant energy totally changed. the transeventy cited the group would occupied zuccotti park overnight, and hold a general assembly at 10 a.m. the next morning. about 300 people settle down in sleeping bags for the night, while the police waited nearby. match remembers feeling pleasantly surprised to still on edge about what would happen next in thinking, how long did the police tolerate this? the probably break us up in the evening, or on monday

irvin nathan told wto radio he has not paid back the majority of the $300,000 he addmying to stealingtaxpayers. he agreed to pay $50,000, six payments. he's made only one. if he does not pay, d.c. can do whatever it takes to recover the money including placing liens on his personal prop jeter this week's race. raised a quarter of a million. he's in second place in the race for delegates trailing only mitt romney. tornado governor bob mcdonnell will attend an event in d.c. they'll attend the marriott downtown. >>> another local marriott hotel is holding one of the biggest republican conventions. conservative political election conference begin this morning at the marriott wardman hotel. senator marco rubio of florida and senator jim deminute of south carolina will be among today's speakers. there'll be more than just strishs at the convention. occupy d.c. is planning protests tomorrow and saturday at that hotel. >>> 6:48 now. three local pen camera companies are now in the handing on of a chicago company. the stores are located in rockville, i., and e street. two local landlords are up

i wanted think, will be all have to take the wto f.w. pacific said network your weapon of mass destruction for the capital. thank you to c-span and booktv lending me through the electronic berlin wall. that is fresh. i very much want to think terry. don't miss his show and also for ferdinand and my special guest tonight, friends of the congo. because we will talk about the enemies of the congo. and also greenpeace as i invited them here tonight to 84 the submarine. you better put it back before somebody notices it is missing. i have toward new. my bosses at bbc television the other call last week about "vultures' picnic" in pursuit of petroleum pigs, power pirates, and high-finance carnivores" a call from of culture senior. i don't name them vultures they call themselves that. worth about $4 billion he has some of the beat the call hot for him the knuckle draggers says your may gain of filled with bbc based on "vultures' picnic." we have a file. of 99. [laughter] we said we know. we have read it. [laughter] the city has. do want to see t

the wto practices and a law that can't be changed. it's nothing that can't be negotiated. practice says that when a commodity inters the international marketplace it is a can of tuna. it doesn't matter if it was made in mexico or the united states. that's good. it doesn't matter if it was made by people forced to work at gunpoint and they're put in jail. that's not so good. it doesn't matter if it was made by a factory whose mission is pouring arsenic into the rivers of mexico or an american company trying to keep the river is clean and abide by the clean water act. that's pretty bad, right? because that means that the worst conditions producer has a competitive said vantage, and even the well-meaning american producer has got to meet that or delay in the marketplace and how we shape our trade law. why can't these decisions be made in the light of day? why can't the united states follow the united states constitution? i quote from the constitution congress has the exclusive power to regulate commerce. we follow that? a couple minutes. read the book. it's all there. on an b

the wto practices and a law that can't be changed. it's nothing that can't be negotiated.hat when a commodity inters the international marketplace it is a can of tuna. it doesn't matter if it was made in mexico or the united states. that's good. it doesn't matter if it was made by people forced to work at gunpoint and they're put in jail. that's not so good. it doesn't matter if it was made by a factory whose mission is pouring arsenic into the rivers of mexico or an american company trying to keep the river is clean and abide by the clean water act. that's pretty bad, right? because that means that the worst conditions producer has a competitive said vantage, and even the well-meaning american producer has got to meet that or delay in the marketplace and how we shape our trade law. why can't these decisions be made in the light of day? why can't the united states follow the united states constitution? i quote from the constitution congress has the exclusive power to regulate commerce. we follow that? a couple minutes. read the book. it's all there. on an bipartisan in thi

the wto, the u.s. has been pushing china to open its market to u.s. credit and debit card issuers without the use of domestic joint venture partners. big win for citi. and reports that fed regulators are collecting dat-to-to folksily block express scripts merge we ared me coach medco down 8%. express scripts down 5%. hampton pearson joins me now with details there >> last week, wisconsin senator herb cole, who chaired the antitrust committee focused on lost competition saying there could be two pbms left. no timetable when the ftc will act but the proposed merger was announced last july. maria, back to you. >> hampton, thank you so much. hampton pearson in washington. >>> the bulls have been charging ahead, pretty good 2012 so far. let's look at the chart. let's talk february. according to my next guest, since 1945, the s & p performance for the month was the second worst with returns ranking 11-12. stan stovall and bob froehlich join us. good to have you on the program, gentlemen. thanks for joining us. talk february what are your expectati expectati

there are members of the wto, they have international obligations so they need to increasingly meet. and they're going to have to deal with that big issue. and finally, the view that they're becoming a whole lot more assertive on the international stage. countries, not only in the asia pacific region but indeed very beyond and concern board of director what this means and where it takes china into the future and xi jinping and new leadership team will have to deal with that issue as well. >> charlie: how well do you know him? >> i've been in several meetings with him, starting at the beginning of my tenure as ambassador running right through to my fasci fare well visit witm when i left. i've seen him with many senior leaders of the united states and i've found him to be well briefed, charming, even charismatic. he's able to connect on a personal level, which is would it a departure from what we kind with some of today's leaders. but more than that, i think that he's a very politically savvy player. and i think there's some evidence backing up that statement. the first would be the ve

you have illegal export subsidies which are flat out banned by the wto. i p theft. intellectual property. counterfeiting is rampant. if an automobile or pharmaceutical company basically has its ip stolen that's a cost. the last two, environmental pollution and worker abuses. 16 hour days, seven day a week at the ipod factory and the horrific pollution in china that acts as a a huge cost advantage for chinese producers. it's unfair competition. we don't welcome that, mr. biden. what we welcome is fair trade. >> let me ask you this, if you addressed all of those five issues, if, would china still not have a wage advantage over america? >> wage advantage is really relevant because it's such a small part of the product. that's something that's really misunderstood. the fact of the matter is, the numbers are clear. we've lost over 50,000 factories to china, over 6 million jobs and over 15 million jobs total because of their unfair trade practice. people in america understand that we can compete with anybody in the world, we can compete with low wage countries, we're much

. >> and this is standard operating procedure under the wto that if some country is not operating correctlyu have a grievance policy to call him out on it. and that's basically what is happening here, isn't it? >> exactly. >> it has to go to the executive level of the president and has to get involved, like he got involved with the tire situation where you had a tire grievance and he called him on that, did he not? >> exactly with 421 case and we also brought a case we did on renewable energy products which the administration took up and they have been winning those cases, those segments in that case and they have been taking them on one at a time. i think the president and the administration can step forward. you'll end up with some people calling us protectionist, usual right wing claptrap. but the fact of the matter is china agreed to these rules, but even though they have agreed to them, they violate them. it is like saying we all agree that the speed limit should be 60, but if china drives 85, just ignore them. that's not what we're going to do. we're going to fight for our members. we

it's that plus utilizing rights in the with wto. it's that plus putting pressure on countries that are engaged in very substantial amounts of intellectual piracy or forcing the transfer of business secrets from american companies to foreign companies. it's not going to be done overnight but this is central to america's economic future, innovativeness and our growth prospect. we're pushing hard. >> but do you think it gets ratified at the end of the day? that obviously is the big question with the push back you are getting. >> i think it is very important that we reach out to the various constituencies particularly people who think that for some reason it interferes with free flows of information or things of that sort. there are people who are concerned about privacy issues but by and large we've reached out to a lot of stakeholders and i think if we continue the process of doing that and the other governments who are signatories do that, it will go through. everyone has an interest. workers, businesses, everyone has an interest in

wto practiced -- it's not a law that can't be changed, it's nothing that can't be negotiated.practice says that when a commodity, a can of tuna enters the international marketplace, it's a can of tuna. it doesn't matter if it was made in mexico or the united states. that's good. it doesn't matter if it was made by people forced to work at gunpoint and union leaders put in jail. that's not good. it doesn't matter if it was made by a factory who pours arsenic into the rivers of mention cor or those who abide by the clean water act, well that's pretty bad because that means worst conditioned producer has a competitive advantage, and even the well-meaning american producer has got to meet that or die in the market place. it's not a good thing. we have to look more carefully at how we shape the trade laws. why can't the decisions p be made in the light of day? why can't the united states follow the united states' constitution? i quote from the constitution, "congress has the exclusive power to regulate commerce with foreign nations." do we follow that? i don't think so. a little mo

♪ when bp made a commitment so, wto the gulf,?take time, but we were determined to see it through. today, while our work continues, i want to update you on the progress: bp has set aside 20 billion dollars to fund economic and environmental recovery. we're paying for all spill- related clean-up costs. and we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is bp. we're committed to the gulf for everyone who loves it, and everyone who calls it home. >>> i'm wolf blitzer. here are some of the stories we're working on for next hour. mitt romney heads to minnesota, home of congresswoman michele bach

we've talked within the ag community we have to make sure wto complies that answers the question that the round presented, and hopefully, we'll have a -- at the end, if not this year, certainly within the next couple years, we'll have an end to the rounds that's concluded possibly. >> the question about that too -- >> yeah, i think i was the first elected official in the country of georgia after russia, you know, had a little skirmish recently, and my comments are about that the relationship has to be more robust than it is. there is no question with the pressures that many of the european countries have had fiscally and maybe for other reasons, nato has become something different than i think originally envisioned, and my point is that that rebalancing, and i think the senator just eluded to that too, has got to change for that to really be a real robust relationship. it's been a little bit, not every country, but generally speaking, it's two one sided or ending towards the united states of america. for what it's worth, i thought the way that they handled libya, first of all, i never

we will bring action against them in front of the wto for manipulating the currency and go after themut forward a plan, mitt, i don't want to go to a trade war. i want to beat china. i don't want to go to war with china and make america the most attractive place in the world to do business. >> we hope that he means metaphme metaph metaphorical war, not actual war. how do you look at the meeting that's going to happen today and the dinner tonight? >> well, i'm looking forward to work on a very positive relationship with china. i do not think those comments reflect america and i do not think they reflect statesmanship and foreign policy. china is a growing country in the world and it's to our benefit and our possibilities to work with them, trade with them, have them buy our products. so i -- we are going to have a tone of friendship. we're going to have a tone of looking at how we can build on the bridges of the past, how we can have a line of communication, so we can find a way to sell our products, find a way to work with china. when there are difference, we'll talk and work them out

more research, freer trade, for instance, look at the position of europe at the world trade -- at the wto -- britain is always in the right position, so i must say we cannot do without britain, and very often, britain is more pro-european than a lot of other countries. >> translator: i have a question from greece. in the back. >> translator: we are under these greek columns. i hope it's a symbol of so lidty and solidarity. i have two short questions -- >> -- >> translator: no, one question. >> translator: let's say less than two. [laughter] >> translator: do you believe, really that if greece applies all the measures imposed, we will solve our problems? i'm not representative of the greek people, but i want to represent my generation in greece, and we really don't know what to do. there are many greek people who want to go back it greece, but they can't. the up employment is enormous in greece, especially among young people. it's so bad. i've tried to see what jobs i could find in greece so that i could go home, so i checked out the greek employment agency, and you know what? i found jobs

china was allowed into the wto by george w. bush.umped a bunch of cash on our investment banks. they thought that investments backed mortgage securities for a lucrative investment. guest: the fact of the matter is that the u.s. financial system is part of the global financial system. the fact is that china's savings played a role. they expanded the capital available for all kinds of uses, including the creation of mortgage-backed securities. much more important is the fact that we made the wrong decision in 1999 cannot regulate these derivatives, these mortgage- backed securities, and what are called credit default swaps. someone goes to an institution and says -- if you give me 5% or 10% of the stream of income payments that come from a security or a sovereign bond, i will guarantee that if that bond defaults, i will make you whole. so, there is no regulation at all on those mortgage-backed securities or the credit default swaps taken out against them. they have not allowed the market to grow in a way that was not able to be support

there's an article today in the journal in which ' jim bacchus of wto, former democrat from florida,essman, who says that all forms of protectionism are appealing particularly in an election year and then adds that there is recent action by the united states against china for the similar export restriction similar to this of china not allowing commodities to read and we have said china has broken the free trade law with a system of export tax quotas and goes on to say that we would be at risk of offending the same law that we are kind of going after china on if we attempted to do something as well. also, the energy expert in the council on foreign relations is quoted in the same article. if this were somehow it trapping product in the united states that otherwise would be exported to the ultimate impact on gasoline prices could very well be that rather than good. it would drive up prices. that's a reason why someone from massachusetts should oppose this, not just someone from louisiana. now then there's the issue of whether or not the port arthur trade zone allows it to evade paying

he's going to have to do that with his wto commitments.h a lot of the loud voices of entrepreneurs in china who say we want to compete too, and we can't compete against these soes. now you've got to divide emerging china, which is called the soe community, state-owned enterprises. increasingly, a lot of very successful entrepreneurs in china and they look at the lay of the land and say this is broken. he's going to have to play traffic cop. i would say 2013, 2014, 2015 are going to be extremely important years for china. >> u.s. manufacturers, entrepreneurs, suggests everything should open up. >> the reason they're not is this year and last is because they fear the international marketplace. nobody wants to make any reform in china when they aren't certain where the major markets, europe and north america are going to be. it also suggests a major rise in chinese politics of special interest groups, exporters, extraction industries, they're all major players and have future voices in politics unlike the days of old. i'll never forget they t

and fortunately, we've got dispute resolution procedures in the wto that really, that keep us out of do you see china as cheaters? >> do i see them? let me tell you, china has got, i fought as hard as anyone to create a level playing field in china. and so there's a lot of work that needs to be done. but i tend to take a more positive approach and take an affirmative agenda. and i look at china as largest export market, or fastest-growing export market. and so the things i'm emphasizing are things that going to grow the pie. for instance, a big effort i have right now with the paulson institute is to advocate for more chinese investment in the united states. because that will help the economy. it will create jobs. and so for instance, when i was in beijing in december, i was there, the mayor of los angeles, mayor villaraigosa, who chairs the mayors association, was there with me, we were doing programs on sustainable urbanization, we pushed hard for chinese investment. i'm going to be working with the mayor of l.a. and the u.s. mayors association and the chinese mayors association ar

would it china play a role separately from the wto and imf and would that create any concerns? >> i did not get the questions. >> let's start on a competitiveness. and whether that can be achieved. >> i do not think that ec be is open to that solution. i think they are committed to the inflation target and they're not going to want to increase it to facilitate freight adjustment. they think it should be done with open eyes and can be done no matter what the inflation rate this. i think that's a forecast and i don't think the european central bank will do anything to help. the problem with competitiveness, there is no question. i have the sense it is sufficiently bad in a number of countries that can only be solved by a social pact in which there is agreement on nominal wage cuts with the understanding the should be reflected in the price of non tradable. that european central bank will be helpful on that front. the question many countries face is that they agree it would be better to consolidate more slowly, not because they want to delay but because they realize it is going to

trade representative and his expressed support for the wto's decision against market distorting launch aid subsidies to airbus is a great example of engagement that will help level the playing field for all u.s. companies, not only boeing, but also the thousands of companies that supply us and others in aerospace and other, many other industries. strong -- >> live now to the new america foundation this afternoon. they're hosting the discussion on the impact of negative political advertising on the 2012 election. speakers will look back at history of negative ads. number of ads being put out this year and how those ads affect people's view on politics. recent "washington post" analysis show over 50% of the ads this season are negative. that is up just 6% from four years ago [inaudible conversations] [inaudible conversations] >> good afternoon. hello. welcome to our first twelve into 12 event here at the new america foundation. my name is andr martinez. i'm director here at new america. twelve delve into 12 is a campaign issues being discussed or not being discussed as case may be on the