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Feb 8, 2012
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this is the eurozone and europe's largest economy. this powerhouse has just posted record export figures for the year 2011, sending more than 1 trillion euros a year abroad. let's have a look how that's affecting the markets abroad. here in europe, we're seeing a bit of a bright spot to the trading session today. we're now just over an hour into the trading session. as you can see, we've got the likes of the kak 40 and the xetra dax. these two are doing better, up .9%. the greek prime minister phas reached a deadline where they have bonds due. we're seeing a bounce on the back of the better than expected numbers when it comes to german exports. we've also got a meeting of political ministers delayed until today. what we have in greece is the political side as well as the economic side coming to the forefront. bankers' minds projecting zero growth in 2012. that's one of the reasons why the cac 40 in paris isn't up by as much as xetra dax. also wanted to mention the ftse 400 talk whether the merger with glenco is going to continue. that
this is the eurozone and europe's largest economy. this powerhouse has just posted record export figures for the year 2011, sending more than 1 trillion euros a year abroad. let's have a look how that's affecting the markets abroad. here in europe, we're seeing a bit of a bright spot to the trading session today. we're now just over an hour into the trading session. as you can see, we've got the likes of the kak 40 and the xetra dax. these two are doing better, up .9%. the greek prime minister...
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Feb 7, 2012
02/12
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>> europe is not an optimal currency area. you can't just impose a currency on a whole lot of different sovereign governments. it's a flawed idea. >> it's fine to say that but there's still 320 million people across the eu using this currency. where do we go from here now? >> well, these countries have made the decision to join the euro. they have constructed this, not for economic reasons but political reasons. this is all to do with the history of europe. the only way in which it can be deconstructed is through political action. when pop layings of these countries become so fed up with the euro that they say to their governments, please abandon this. i believe that will ultimately happen. i don't think it's about to happen this year or next year but give it time. i think the euro is not in the long run really workable for the people of europe. >> andrew, it must be pointed out that lord lamont is something of a euro skeptic here. i was about 14 years old when maastricht was actually sign. these things weren't on my immediate
>> europe is not an optimal currency area. you can't just impose a currency on a whole lot of different sovereign governments. it's a flawed idea. >> it's fine to say that but there's still 320 million people across the eu using this currency. where do we go from here now? >> well, these countries have made the decision to join the euro. they have constructed this, not for economic reasons but political reasons. this is all to do with the history of europe. the only way in...
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Feb 20, 2012
02/12
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and europe. while exports were falling, imports were jumping by nearly 9.8%, mostly in the form of oil and gas to compensate for the loss of nuclear power in the wake of fukushima daiichi nuclear disasters. the yen weakened but is gaining once again. over the past 12 months or so, the yen up 8% against the euro and nearly 4.5% against the u.s. dollar. these are coming from a strong base, too. so the yen gets ever stronger which makes it ever less competitive for the japanese exporters. the yen is also becoming a strong deterrent for foreign companies operating in japan. for the second consecutive year for wren direct investment showed a net out flow as more overseas companies pulled out of japan. the 2.3 billion outflow is the second highest since records began back in 1985. let's put all this in perspective now. cunning lao joins us from tokyo. when you look at these numbers coming out over the past 24 hours or so, kyung, what's it telling us about the state of the japanese economy? >> reporter:
and europe. while exports were falling, imports were jumping by nearly 9.8%, mostly in the form of oil and gas to compensate for the loss of nuclear power in the wake of fukushima daiichi nuclear disasters. the yen weakened but is gaining once again. over the past 12 months or so, the yen up 8% against the euro and nearly 4.5% against the u.s. dollar. these are coming from a strong base, too. so the yen gets ever stronger which makes it ever less competitive for the japanese exporters. the yen...
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Feb 15, 2012
02/12
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. >>> the debt crisis dampens's europe's largest economy, germany. france is still expected to grow in the fourth quarter. >>> and why twitter won't be going towards an ipo. >>> supposing you're not a greek national, sunday's austerity deal in athens may have seemed too good to be true. turns out it was. the president of the euro group has been saying greece still hasn't done enough to secure a multi billion dollar bailout, as if to underline it's a point, he called off a meeting meant to approve it. he has been saying this, further technical work between greece and the troika is needed in a number of areas here. he also says this includes the closure of the fiscal gap of some 325 million euros for the year 2012. the delay puts greece at renewed risk of default and it also may come as a surprise to the country's unity government after positive noises were made by the european commission's own top money man just a day ago. take a listen. >> as outlined by the euro group last week, this program will be supported by unparalleled circumstances from greec
. >>> the debt crisis dampens's europe's largest economy, germany. france is still expected to grow in the fourth quarter. >>> and why twitter won't be going towards an ipo. >>> supposing you're not a greek national, sunday's austerity deal in athens may have seemed too good to be true. turns out it was. the president of the euro group has been saying greece still hasn't done enough to secure a multi billion dollar bailout, as if to underline it's a point, he called...
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Feb 2, 2012
02/12
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>> well, we are all involved now in europe. there's obviously different mentalities and different ways. i feel the more this is something seen as imposed, the less effective it will be. and in the end, this, of course, is going to be good for greece. but we have to all decide to take on responsibilities. if we decide that the pain is too much, let's say stop and go on our own. >> will the euro zone survive? >> i like to be optimistic. >> but you're not? >> i am. but it's something that i cannot not only in my hands, it's in the collective. if we have the collective will in europe, that's fine. if you ask any of the european leaders right now, they will say we have to keep the euro alive. and we have to strengthen it. and we have to take the necessary measures. >> that's george papandreou, the former greek prime minister. well, papandreou was in israel to speak at the 12th hertz leuen summit. and it is held in israel. that's one of the reasons why he was there for that interview. andrew? >> all right. >>> now, just ahead, the ax
>> well, we are all involved now in europe. there's obviously different mentalities and different ways. i feel the more this is something seen as imposed, the less effective it will be. and in the end, this, of course, is going to be good for greece. but we have to all decide to take on responsibilities. if we decide that the pain is too much, let's say stop and go on our own. >> will the euro zone survive? >> i like to be optimistic. >> but you're not? >> i am....
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Feb 14, 2012
02/12
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europe definitely and desperately needs, south europe, italy, spain, must sustain economic activity and improve infrastructure. this is the real help the germans and others can give. >> he brought greece into the euro, he was speaking to richard quest yesterday evening. critics of spending cuts and austerity say such measures are making greece's troubles worse by strangling its own economic growth. instead of a seemingly endless spending squeeze, what they want to see instead is growth-led policies. emily reuben has more. >> these measures don't encourage the greek economy to go to recovery and growth. >> reporter: it's the only word to bring hope to the beleaguered nation of the eurozone, growth. how cancuns like greece, ireland, bailed out by the international community and still burdenened by huge deficits really achieve it? last month the world bank, the i many. f, the world trade organization called on european governments to stimulate growth. their appeal lacked precise suggestions. it said momentum could be regained by increasing spending on infrastructure. labor market reforms c
europe definitely and desperately needs, south europe, italy, spain, must sustain economic activity and improve infrastructure. this is the real help the germans and others can give. >> he brought greece into the euro, he was speaking to richard quest yesterday evening. critics of spending cuts and austerity say such measures are making greece's troubles worse by strangling its own economic growth. instead of a seemingly endless spending squeeze, what they want to see instead is...
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Feb 10, 2012
02/12
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country ha haest hit by europe's deadly cold snap, but across europe, hundreds are dead, people are snowed in and cars are stranded to the roadsides and even the danyu river is partially frozen, keeping many vessels stuck in port. those are the headlines. i'm monita rajpal. "world business today" starts right now. >>> good morning from cnn london. i'm dina dos santos. >> and good morning from cnn hong kong. you're watching "world business today." the top stories this happy friday, the 10th of february. >>> must try harder. eu ministers say greece's bailout deal is not good enough. >>> almost a year after a deadly earthquake, the new zealand city of christchurch now looks to asia to help finance its rebuilding. >>> and in a densely populated city like hong kong, space can be a luxury, but as flats get smaller, are some landlords putting tenants' safety at risk? >>> first up, though, we've been waiting all week for lawmakers in athens to strike a money-saving deal and to secure themselves a new bailout for the country. we thought that one would lead to the other, didn't we? but greece came u
country ha haest hit by europe's deadly cold snap, but across europe, hundreds are dead, people are snowed in and cars are stranded to the roadsides and even the danyu river is partially frozen, keeping many vessels stuck in port. those are the headlines. i'm monita rajpal. "world business today" starts right now. >>> good morning from cnn london. i'm dina dos santos. >> and good morning from cnn hong kong. you're watching "world business today." the top...
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Feb 23, 2012
02/12
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i fly from hong kong to europe at least twice a year. lit be interesting to see what kind of change i see in the price of tickets. there's no question this car xwon tax is a divisive issue. could it lead to a trade war? that's the question that richard quest put to the editor of business green. he said that's one of the likely scenarios. >> it is a lot of sabre rattling. there are elements of this agreement that if brought into force could spark a very, very serious trade war. >> okay. but the europeans are adamant that they're not going to budge. >> yeah. >> basket of countermeasures. already the chinese. where do you think this is going? >> there's two ways it can go. one is a very, very bad way, and we do have a quite severe trade war potentially in the offing. some of these counter measures, they're talking about banning their airlines from taking part altogether in the eu emissions trading scheme. russia talking the same. the u.s. could do the same. if that happens, if you're an airline, you breaking the law not to comply when you l
i fly from hong kong to europe at least twice a year. lit be interesting to see what kind of change i see in the price of tickets. there's no question this car xwon tax is a divisive issue. could it lead to a trade war? that's the question that richard quest put to the editor of business green. he said that's one of the likely scenarios. >> it is a lot of sabre rattling. there are elements of this agreement that if brought into force could spark a very, very serious trade war. >>...
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Feb 16, 2012
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in the eastern europe, the snow that has fallen has been beneficial. what we don't want is for the crop to be exposed to the temperatures that are between 25 and 30 degrees below zero. when you get that blanket of snow, the temperatures remain at the ground where the crops are at a pretty steady range there. that's what we've been seeing there in russia, belarus, western ukraine. that hasn't happened in southern ukraine. there we have had not as much snow. we've had the exposure to the very frigid temperatures. the other problem i'm going to foresee heading into the next couple of months as we get into spring, as i believe you with an unbelievable picture in romania, this is snow. this is the way we're getting around in romania, we're tunnelling through. that snow has to go somewhere. it is going to eventually melt and what we want is a gradual warmup into spring. if we get a significant bump in the temperatures, we'll see the crops impacted not by the freeze but then by what is going to unfreeze here in that we could have significant flooding. we'll w
in the eastern europe, the snow that has fallen has been beneficial. what we don't want is for the crop to be exposed to the temperatures that are between 25 and 30 degrees below zero. when you get that blanket of snow, the temperatures remain at the ground where the crops are at a pretty steady range there. that's what we've been seeing there in russia, belarus, western ukraine. that hasn't happened in southern ukraine. there we have had not as much snow. we've had the exposure to the very...
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Feb 3, 2012
02/12
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>> i think certainly in europe it's going to be very difficult this year. i can see north america continuing to grow and indeed asia. for the uk we're still confident we can grow but working harder to ensure that happens. >> reporter: what about emerging markets and people coming to the uk and buying these vehicles, is making up for the shortfall. >> i wouldn't say there is a shortfall in sales because sales are up for 2010 and 2011 blue it adds to the new customer base people domiciled here but may have originated from asia. >> reporter: it's not just bentley benefiting from increased demand for motors made for the megarich, rolls-royce has seen its sales go up too. ♪ >> reporter: well, a gain, stand to the introduction of new models like, for instance, this, the rolls royals ghost that came on to the market two years ago and it's been so successful that it's one of the reasons why this company has had to ramp up production 118% since. let's look inside. ♪ >> reporter: this particular vehicle is a special favorite for the so-called owner/driver market.
>> i think certainly in europe it's going to be very difficult this year. i can see north america continuing to grow and indeed asia. for the uk we're still confident we can grow but working harder to ensure that happens. >> reporter: what about emerging markets and people coming to the uk and buying these vehicles, is making up for the shortfall. >> i wouldn't say there is a shortfall in sales because sales are up for 2010 and 2011 blue it adds to the new customer base people...
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Feb 27, 2012
02/12
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. >> g-20 finance ministers say europe needs to beef up its bailout fund. they're ramping up the pressure on germany to lead the way. >> and the numbers say it all. 71-31. julia gillard remains in power but the australian prime minister must now restore unity within her own party. >>> first up, though, european stock markets have been open for a touch over an hour now. it's not get off to the best week so far. it wasn't much different in asia where the trend was overwhelmingly a downward one. let's go over to andrew. zblf that's right, nina. our top story today, the world bank plus a chinese think tank issuing a stern warning to the chinese government. in a report entitled china 2030, the two institutions say china has to move to a freer, more commercially driven economy if it wants to sustain its rapid growth path. estimates suggest that state-owned enterprises, the soes like an oil giant, account for some 40% of china's total economic output, total gdp. the new report recommends an overhaul of the powerful state-owned companies, turning them into commerci
. >> g-20 finance ministers say europe needs to beef up its bailout fund. they're ramping up the pressure on germany to lead the way. >> and the numbers say it all. 71-31. julia gillard remains in power but the australian prime minister must now restore unity within her own party. >>> first up, though, european stock markets have been open for a touch over an hour now. it's not get off to the best week so far. it wasn't much different in asia where the trend was...
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Feb 19, 2012
02/12
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but up next, europe. amidst all of the talk of the eurozone's demise, a quiet bit of magic has actually solved the problem. for now. what in the world do i mean? stay with us. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement plan based on ttd#: 1-800-345-2550 a predetermined script. ttd#: 1-800-345-2550 to understand you and your goals... ttd#: 1-800-345-2550 ...so together we can find real-life answers for your ttd#: 1-800-345-2550 real-life retirement. ttd#: 1-800-345-2550 talk to chuck ttd#: 1-800-345-2550 and let's write a script based on your life story. ttd#: 1-800-345-2550 oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do the right thing. ♪ slowly turned to a scream ♪ there's an i
but up next, europe. amidst all of the talk of the eurozone's demise, a quiet bit of magic has actually solved the problem. for now. what in the world do i mean? stay with us. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement...
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Feb 9, 2012
02/12
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. >> you europe's banks enough to with stand a greek default? >> we are conducting a stress test and making requirements that exceed for all systems and facts in europe. we got this system on the way last year. everyone demanded it. the americans and british and imf. we are doing this and making progress. the relevant banks are supplied with the necessary capital and where there problems, we are prepared to help. >> now here two weeks ago they said the problem about 2011 had been just sort of an endless stream of five. 2012, we had to find a proper solution. the fiscal pact is not that. >> at the close, the dow added five points, ending at 12,883. the nasdaq picked up 11 and the s&p gained two points. disney shares gained 2/3 of a percent and they reported a rise in the theme park attendance in the latest quarter. mcdonald's shares ended lower despite an upbeat sales report. the popularity of the breakfast menu pushed revenues up more than expected. the entertainment shares spiked 71% to close and you can see no operators and public debut after
. >> you europe's banks enough to with stand a greek default? >> we are conducting a stress test and making requirements that exceed for all systems and facts in europe. we got this system on the way last year. everyone demanded it. the americans and british and imf. we are doing this and making progress. the relevant banks are supplied with the necessary capital and where there problems, we are prepared to help. >> now here two weeks ago they said the problem about 2011 had...
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Feb 6, 2012
02/12
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europe at a time when europe could do with more business right now, andrew. >> so china perhaps flexing its economic muscles in a different way on this story. eunice, thanks very much for that. charles, it's worth pointing out that the airlines that are opposed to this are opposed because they say it's unfair that the airlines are being charged on emission controls in air space even outside europe. if a plane leaves from hong kong to brussels it's being charged by brussels for all of the emissions from hong kong instead of just going into european air space. that seems to be the sticking point. this will be an interesting story. it seems difficult to figure out how they're going to solve it. >> we'll see how the europeans react. maybe they can ramp up the rate from the national eu border into brussels or wherever it is. don't want to put any ideas in their head. coming up on "world business today," bucking ham palace. it is 60 years to the day since queen elizabeth ii came to the thrown. we'll tell you what the palace has planned. you want to save money on rv insurance? no problem. you
europe at a time when europe could do with more business right now, andrew. >> so china perhaps flexing its economic muscles in a different way on this story. eunice, thanks very much for that. charles, it's worth pointing out that the airlines that are opposed to this are opposed because they say it's unfair that the airlines are being charged on emission controls in air space even outside europe. if a plane leaves from hong kong to brussels it's being charged by brussels for all of the...
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Feb 24, 2012
02/12
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of course the main water way here in europe. all that snowfall that has fallen here across the region, the record snowfall, once it melts it's going to go into this water body and that essentially eventually will flow into the black sea. as that happens those river levels could rise dramatically here. the worry is is that areas that don't have significant flood management infrastructure are going to suffer here some great economic losses if not life as we take you into the next few weeks as a result of all of that melting. so we're going to monitor those river levels very closely here. we'll keep you posted through the next couple of weeks. again, temperatures here normally we would be in great shape because this is great warmup here that we are deserving after a horrible winter. again, the problem is that melting down of the south and so we have to halt that. i think we will begin to see temperatures cooling off a little bit with that surge from the north, nina, as we take you into the latter part of the weekend there. i know i
of course the main water way here in europe. all that snowfall that has fallen here across the region, the record snowfall, once it melts it's going to go into this water body and that essentially eventually will flow into the black sea. as that happens those river levels could rise dramatically here. the worry is is that areas that don't have significant flood management infrastructure are going to suffer here some great economic losses if not life as we take you into the next few weeks as a...
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Feb 21, 2012
02/12
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and europe. he says he's been lynched by the media and dedemanded police interview him so he can clear his name. you may remember strauss-kahn stepped down last year as the imf chief after a new york hotel maid accused him of sexual assault. in new york in august prosecutors dropped those charges and released him from custody without charge. this latest probe into what the media is calling the colton affair is putting strauss-kahn back in the spotlight. jim bittermann has been following developments and joins us from paris. >> reporter: andrew, you pretty well summarized the case. strauss-kahn arp rooifd about an hour ago to be questioned by police and investigators in this case. he'll probably be out of sight for about 24 hours, could be extended to 48 hours, as they look into the question of whether or not he knew that he was benefiting from the services of prostitutes. this is an investigation in a prostitution ring that's been going on here for almost a year now. strauss-kahn's name came up a
and europe. he says he's been lynched by the media and dedemanded police interview him so he can clear his name. you may remember strauss-kahn stepped down last year as the imf chief after a new york hotel maid accused him of sexual assault. in new york in august prosecutors dropped those charges and released him from custody without charge. this latest probe into what the media is calling the colton affair is putting strauss-kahn back in the spotlight. jim bittermann has been following...
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Feb 26, 2012
02/12
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there might well be a recession in europe, but that will have a smaller effect on american growth. derek thompson of the atlantic points out one worrying prospect that the next debt ceiling renewal might actually have to take place before the elections in which case expect another absurd and politicized drama since all the republican candidates have already announced that they will not raise it. but let's hope that this is an unlikely scenario. what's more plausible is a slowdown due to high oil prices. oil has been creeping up now for months. it is up to $105 a barrel and over $3.50 at the pump. why prices have moved so much so fast is something of a mystery. oil was at around $50 a barrel in early 2007 when all major economies were booming. today demand from america, china, india, europe are all somewhat weaker, and yet prices are sky high. the one obvious factor is the political instability in the middle east. worries about iran are probably the principal driver of these prices and the speculation surrounding it. ironically, president obama's foreign policy is having an impact e
there might well be a recession in europe, but that will have a smaller effect on american growth. derek thompson of the atlantic points out one worrying prospect that the next debt ceiling renewal might actually have to take place before the elections in which case expect another absurd and politicized drama since all the republican candidates have already announced that they will not raise it. but let's hope that this is an unlikely scenario. what's more plausible is a slowdown due to high...
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Feb 19, 2012
02/12
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but up next, europe. amidst all of the talk of the eurozone's demise, a quiet bit of magic has actually solved the problem for now. what in the world do i mean? stay with us. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talking, there is no fee. ifif y youou'r're e lolookokinio geget t totogegethther, yoyou u cacameme t to o ththe. bebecacaususe e heherere a at, wewe'r're e ononlyly a abob. fifindndining g yoyou u ththe e isis a allll w we e do. wewelclcomome e toto h hot. >>> imagine a region of the world where stocks have had their best january in nearly 15 years. bank s
but up next, europe. amidst all of the talk of the eurozone's demise, a quiet bit of magic has actually solved the problem for now. what in the world do i mean? stay with us. tdd# 1-800-345-2550 let's talk about fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd#...
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Feb 22, 2012
02/12
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economy is not really impacting here in europe. i think any optimism we had following this greek bailout deal has been fairly short-lived. most people in the markets do tend to feel it's a bit of a band-aid and it will only be a matter of months before the greeks come back for another bailout. they certainly feel that it's going to be extremely challenging, not to say totally impossible for the greeks to deliver, pauline. >> yes, we're hearing a lot of skepticism out there, charles. asian investors were a bit more upbeat this session. take a look, tokyo and shanghai led the gains. japanese exporters were higher on the weakening yen. actually, against the dollar, the yen actually broke the 80 yen barrier briefly for the first time in about 6 1/2 months. so exporters did well. toyota, nissan, and mitsubishi all gained around 2%. and chinese e-commerce site alibaba.com. the session ended up about a third of a percent. shares jumped 43% after it resumed trading on wednesday. shares had been suspended since february 9th as parent compan
economy is not really impacting here in europe. i think any optimism we had following this greek bailout deal has been fairly short-lived. most people in the markets do tend to feel it's a bit of a band-aid and it will only be a matter of months before the greeks come back for another bailout. they certainly feel that it's going to be extremely challenging, not to say totally impossible for the greeks to deliver, pauline. >> yes, we're hearing a lot of skepticism out there, charles. asian...
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Feb 12, 2012
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>> definitely. >> you are very worried about europe. you think that it is moving in the wrong drenkz. >> i think a catastrophe will be avoided. greece is a sick situation. it has been mishandled. they charge a premium on the rescue package, and it's basically politically the dynamics that are very bad, and that is a general problem in europe. the european union has a desirable sort of being created. it was a desirable objective. people like me and people in europe were very excited about it. as a reality, it's more of an imposition than it is something desirable. >> if you were still running your $25 billion, would you bet against the euro right now? >> no. that's a separate issue. i think the euro can go either way. it's a 50-50 pron proposition. the problems of europe don't translate into a bet against the euro. if anything, would say that the euro is more likely to appreciate than not. >> the european central bank is moving towards being like the federal reserve and basically creating a lot of credit and all too weak in the your wroe
>> definitely. >> you are very worried about europe. you think that it is moving in the wrong drenkz. >> i think a catastrophe will be avoided. greece is a sick situation. it has been mishandled. they charge a premium on the rescue package, and it's basically politically the dynamics that are very bad, and that is a general problem in europe. the european union has a desirable sort of being created. it was a desirable objective. people like me and people in europe were very...
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Feb 17, 2012
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and bring the rest of europe down with it. juliet mann, cnn, paris. >>> still to come here on "wbt" hollywood rolls out the red carpet to china's probable next leader. no wonder xi jinping is about to announce a $2 billion tie-up with a u.s. movie company. we've got all details, next. >>> this is "world business today," live on cnn. welcome back. >> after politicking in washington and visiting old friends in the midwestern state of iowa, china's vice president, xi jinping, is now heading up hollywood as he wraps up his visit to the united states. later this friday he's widely expected to announce a multibillion dollar silver screen deal that could benefit both the u.s. and chinese film industries. ramy inocencio has been following the story for us. he joins us now. what is that deal? >> a lot of people in tinseltown are happy, even pretty animated over this deal, including china's vice president, xi jinping. this joint venture involves two chinese state owned media firms, one called the shanghai media group, another is china m
and bring the rest of europe down with it. juliet mann, cnn, paris. >>> still to come here on "wbt" hollywood rolls out the red carpet to china's probable next leader. no wonder xi jinping is about to announce a $2 billion tie-up with a u.s. movie company. we've got all details, next. >>> this is "world business today," live on cnn. welcome back. >> after politicking in washington and visiting old friends in the midwestern state of iowa, china's vice...
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Feb 5, 2012
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they'll be affected by europe if europe goes bump in the night. but if it doesn't, there's a certain momentum in the countries in china and india and southeast asia which will help to carry us forward. what worries us in singapore is not that the world will not prosper, but in the ups and downs of the world, a small boat like singapore with not very much room to maneuver, can you make sure that every time you catch a wave head on and you are not flipped over. because once we are flipped over, that's it. >> as captain of the good ship singapore, the prime minister did something virtually unheard amongst world leaders. he took a pay cut, shaving off more than one-third of his salary. why? we'll talk about that and much more when we come back. >>> singapore is one of the least corrupt nations in the world. why? well, many say one of the chief asthat the nation's political and bureaucratic leaders are paid salaries commensurate with similar work in the private sector. last year, for example, prime minister lee made around $2.5 million. he just took a
they'll be affected by europe if europe goes bump in the night. but if it doesn't, there's a certain momentum in the countries in china and india and southeast asia which will help to carry us forward. what worries us in singapore is not that the world will not prosper, but in the ups and downs of the world, a small boat like singapore with not very much room to maneuver, can you make sure that every time you catch a wave head on and you are not flipped over. because once we are flipped over,...
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Feb 12, 2012
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and that is a general problem in europe. the european union -- sort of b created, it was a desirable objective. people like me and people in europe are very excited about it. as a reality, it's more of an imposition than it is a -- something desirable. >> if you were still running your $25 billion, would you bet against the euro right now? >> no. that's a separate issue. i think the euro can go either way. it's a 50/50 proposition. the problems of europe don't translate into a debt against the euro. if anything, i would say that the euro is more likely to appreciate than not. but on the other hand, the european central bank is moving towards being like the federal reserve basically creating a lot of credit and that will weaken the euro. >> would it be fair to say your prognosis for europe is probably no crisis, no dramatic collapse of the euro, euro zone, but very, very slow growth as a result of the systemwide austerity programs. >> yeah. you see what has happened is that the debtor countries within the euro zone found them
and that is a general problem in europe. the european union -- sort of b created, it was a desirable objective. people like me and people in europe are very excited about it. as a reality, it's more of an imposition than it is a -- something desirable. >> if you were still running your $25 billion, would you bet against the euro right now? >> no. that's a separate issue. i think the euro can go either way. it's a 50/50 proposition. the problems of europe don't translate into a debt...
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Feb 4, 2012
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politicians have limited control over. >> the one issue we've got is whether or not europe will mess things up for us. as you have observed astutely in your covering of this, it is -- talk about slow. we may be four years into a seven-year recovery, but europe seems to be taking four years about making a decision of what to do. >> we are going backwards. i always find it very dangerous to argue with somebody that might have a philosophical point of view, as my friend on the left does. no, my physical left, my physical left. but the battle that is now raging in europe between those that believe in full throttle austerity, to squeeze the countries, probably portugal next and ireland and spain and the u.k., versus those who are pushing really hard for it, versus those who now believe there should be some form of growth. the problem is it's all talk and not much action. the risk is still very real, and that's why the ecb basically lent half a trillion last time and it will do up to a trillion next time. >> diane, i saw you tweeting the other day when ben bernanke was talking about ben be
politicians have limited control over. >> the one issue we've got is whether or not europe will mess things up for us. as you have observed astutely in your covering of this, it is -- talk about slow. we may be four years into a seven-year recovery, but europe seems to be taking four years about making a decision of what to do. >> we are going backwards. i always find it very dangerous to argue with somebody that might have a philosophical point of view, as my friend on the left...
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Feb 17, 2012
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they lost money in europe, in south america. it is still here that they are making the money and creating the jobs. >> right. well, that's an interesting point, because if the profit comes from north america, not from europe where some of these subsidiaries are losing money, other parts of the world like asia had big issues with the floods in thailand, for instance. what's the strategy for gm going forward, then? >> well, they have to be a global company to be successful. and the biggest thing on their plate is fixing europe and to a lesser degree fixing south america. in south america, the products are getting kind of old. they're in the process of replacing them. that will adjust that. in europe, what they need to do is duplicate what they have done here in north america. they need to go in there and work with the unions and cut down capacity. they need to close plants. they have contracts that say they can't close plants till 2014. they're looking to see if they can open those up and stem those losses because that is really d
they lost money in europe, in south america. it is still here that they are making the money and creating the jobs. >> right. well, that's an interesting point, because if the profit comes from north america, not from europe where some of these subsidiaries are losing money, other parts of the world like asia had big issues with the floods in thailand, for instance. what's the strategy for gm going forward, then? >> well, they have to be a global company to be successful. and the...
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Feb 8, 2012
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but europe's big chill is still claiming victims. from ferrari technoly to develop its suspension system? or what if we told you that ferrari borrowed technology from cadillac to develop its suspension system? magnetic ride control -- pioneered by cadillac, perfected in the 556-horsepower cts-v. we don't just make luxury cars. we make cadillacs. [ roger ] tell me you have good insurance. yup, i've got... [ dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ kyle ] nope, i've got... [ dennis ] ...the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have... [ dennis ] ...allstate. [ roger ] same agent and everything. [ kyle ] it's like we're connected. no we're not. yeah, we are. no...we're not. ♪ the allstate value plan. dollar for dollar, nobody protects you like allstate. >>> greece is once again heading toward the economic brink with the government missing another deadline for tough new austerity measures. the prime will hold talks later today, h
but europe's big chill is still claiming victims. from ferrari technoly to develop its suspension system? or what if we told you that ferrari borrowed technology from cadillac to develop its suspension system? magnetic ride control -- pioneered by cadillac, perfected in the 556-horsepower cts-v. we don't just make luxury cars. we make cadillacs. [ roger ] tell me you have good insurance. yup, i've got... [ dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. [ kyle ]...
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Feb 13, 2012
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, it seems, are on the way for eastern parts of europe but areas in the west will get a reprieve from the blast of wintry cold we've been experiencing for the best part of two or three weeks now. let's go to ivan cabrera at the cnn international weather center. good morning to you. it's certainly gotten warmer here in london. >> yes, that's important for you. you're welcome. i'll take credit for that. the problem with what you said is that essentially in the east is where we need the milder temperatures. in the west we've been okay. so i can't bring up the temperatures in the east. that is going to be a problem. 32 below this morning in moscow, just brutal stuff, about 25 below in kiev. the sun is out but it is still brutally cold. that's where the heart of the cold air will remain. to the west, london at 3 degrees, my goodness, that feels like spring compared to what we've seen over the last few days. indeed, nina, milder to the west. although it hasn't been as brutal and it will be very cold to the east. look at these clouds here. that is producing snowfall. it snowed heavily throug
, it seems, are on the way for eastern parts of europe but areas in the west will get a reprieve from the blast of wintry cold we've been experiencing for the best part of two or three weeks now. let's go to ivan cabrera at the cnn international weather center. good morning to you. it's certainly gotten warmer here in london. >> yes, that's important for you. you're welcome. i'll take credit for that. the problem with what you said is that essentially in the east is where we need the...
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Feb 5, 2012
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if people start coming out of their jobs again we're in trouble. >> europe and iran the big threat. one thing the white house worries about, job growth is faster than predicted by the level of gdp growth and that will equalize and slow it down in 2012. >> thank you all so much. >>> up next, president obama says all options are on the table when it comes to iran. a look at the future of unsteady relations with iran with house intelligence chair khan mike rogers. ...and a touch of sweetness. you'll be delighted to discover how good they taste. get your free sample of quaker oatmeal squares on facebook. [ male announcer ] you never know when a moment might turn into something more. and when it does men with erectile dysfunction can be more confident in their ability to be ready with cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every day, so you can be ready anytime the moment's right. ♪ [ man ] tell your doctor about all your medical conditions and medications and ask if your heart is healthy enough for sexual activity. don't take cialis
if people start coming out of their jobs again we're in trouble. >> europe and iran the big threat. one thing the white house worries about, job growth is faster than predicted by the level of gdp growth and that will equalize and slow it down in 2012. >> thank you all so much. >>> up next, president obama says all options are on the table when it comes to iran. a look at the future of unsteady relations with iran with house intelligence chair khan mike rogers. ...and a...
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Feb 6, 2012
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it's really been hardest hit in eastern and skeern parts of europe and it has gone into western europe. big ben was snowed in, they had to cancel 30% of the flights because of the snow. >> why is this happening? is the cold weather in europe related to the nice weather here? >> probable not exactly related to each other. there's this phenomena, the arctic isolation. all of that cold air gets bottled up and eventually the pressure gets built up enough that we get a kink and it allows the cold air to move into siberia and enter into eastern europe. they get these cold snaps, but this has been prolonged and more cold air will be moving in by the middle of this week. so it's been a long, extremely difficult, the homeless population in particular has really struggled. >> there will not be a warm-up in europe any time soon. >> it's looking like toward the end of the week we'll see significant warming. >> and here? >> we're staying awfully warm. we were talking proppics potentially over the weekend. >> unbelievable. >> very unusual for us, too. >> thanks, jacqui. >>> you've been sounding off
it's really been hardest hit in eastern and skeern parts of europe and it has gone into western europe. big ben was snowed in, they had to cancel 30% of the flights because of the snow. >> why is this happening? is the cold weather in europe related to the nice weather here? >> probable not exactly related to each other. there's this phenomena, the arctic isolation. all of that cold air gets bottled up and eventually the pressure gets built up enough that we get a kink and it allows...
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Feb 5, 2012
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europe could blow up, although it looks better at the moment. we could have some other catastrophe like the japanese tsunami. but i think the biggest threat to this economy is not economic, it's political. it's gridlock. it is the government not working. and at the moment, the government is not working. the two parties are unable to agree on anything. and that's not necessarily going to change after the election. we have to have a change of heart that says we have to come together to solve some of these problems. >> i agree with apolice on the list of risks, europe, gasoline, iran, political risks. but you'll know we're in trouble when you start seeing new claims for unemployment insurance rise instead of going down. we've seen steady improvement in that. if people start coming out of their jobs again, we're in trouble. >> europe and iran, the big threat. one thing the white house worries about, job growth has been faster than predicted by the level of gdp growth. they worry that that will equalize and slow down in 2012. >> thank you all so much
europe could blow up, although it looks better at the moment. we could have some other catastrophe like the japanese tsunami. but i think the biggest threat to this economy is not economic, it's political. it's gridlock. it is the government not working. and at the moment, the government is not working. the two parties are unable to agree on anything. and that's not necessarily going to change after the election. we have to have a change of heart that says we have to come together to solve some...
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Feb 7, 2012
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if greece were to really bring down europe or cause a recession in europe, that would be felt here. this is why this little tiny country is so important to the rest of us. what they're really talking about now in greece, i think there's optimism that greece will get its act together. there are 15,000 public sector job cuts that they promise by the end of the year. they have to sell all these austerity measures to the people. >> who are striking today. >> greece has to show that it's not just doing the right now, that it's completely remaking its economy. where it is transparent, people pay taxes, you don't retire at 50 with all of these benefits. they have to remake their entire economy to grow or we'll be in the same position again. it's important to everybody. >> okay, christine, thank you. >>> i don't know what it's like in your neck of the woods to quote al roker, it is so warm, zoraida wears sleeveless and i don't know what month it is. it's been a heat wave, right, rob? >> don't kiss winter bye-bye just yet, ladies. >> okay. >> here it is on the map. pretty quiet. mild, a litt
if greece were to really bring down europe or cause a recession in europe, that would be felt here. this is why this little tiny country is so important to the rest of us. what they're really talking about now in greece, i think there's optimism that greece will get its act together. there are 15,000 public sector job cuts that they promise by the end of the year. they have to sell all these austerity measures to the people. >> who are striking today. >> greece has to show that it's...
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Feb 21, 2012
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headline is europe's common currency is more than money. it says from the moment the politicians and press of our partners and creditors painted the greeks as a nation of frauds who live large at their expense, we all forgot the problem was not only that of a country but that it was over its head in debt and hugely dysfunctional. also that of a unity that did not function with unity. so they're blaming the whole eurozone here for not working properly. the guardian in britain has this. making a drachma out of a crisis. it says rising share prices and a stronger euro suggest that financial markets are confident enough that enough's been done to isolate greece. policy makers by contrast have become more cautious about claiming success. for them the events of the past two years have been as daunting as the labor bores of hercules. so the question now, kyra, is can greece be trusted? can they deliver and actually follow through on the measures that they have to do, live up to their promises, and get through these austerity measures? the greek pe
headline is europe's common currency is more than money. it says from the moment the politicians and press of our partners and creditors painted the greeks as a nation of frauds who live large at their expense, we all forgot the problem was not only that of a country but that it was over its head in debt and hugely dysfunctional. also that of a unity that did not function with unity. so they're blaming the whole eurozone here for not working properly. the guardian in britain has this. making a...
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Feb 28, 2012
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if europe continues to stabilize and u.s. continue the unemployment rate continues to come down, i think that the year is going to be all right. but it's not going to be anything fantastic. >> it's interesting, nina, anna asking about that bonus. the bank failed to hit one of its own key targets on cost restraints. there was an efficiency ratio. one of the reasons it failed to hit that was because of rising wages in countries like china. we'll hear much more of this. the wage moving sharply higher in the emerging markets now and it's the big businesses like hsbc, plus the big manufacturers who have to pay the high costs that will eat into its own efficiency target. that's a story we'll continue to follow here just how difficult it is for the companies to continue the big margins, profit margins in the emerging markets. >> the payment is also surprising given the fact that the predecessors left on a cloud of controversy after he was paid what was considered at the time an exorbitant amount of money. the situation does seem to
if europe continues to stabilize and u.s. continue the unemployment rate continues to come down, i think that the year is going to be all right. but it's not going to be anything fantastic. >> it's interesting, nina, anna asking about that bonus. the bank failed to hit one of its own key targets on cost restraints. there was an efficiency ratio. one of the reasons it failed to hit that was because of rising wages in countries like china. we'll hear much more of this. the wage moving...
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Feb 5, 2012
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we will be affected by europe. if europe goes bump in the night. if it doesn't, well, there's a certain momentum in the countries in china and india and southeast asia which will help to carry us forward. what worries us in singapore is not that the world will not prosper, but in the ups and downs of the world, a small boat like singapore with not very much room to maneuver, can you make sure that every time you catch a wave head on and you are not flipped over because once you are flipped over, that's it. >> as captain of the good ship singapore, prime minister lee did something virtually unheard amongst world leaders wresh took a pay cut shaving off more than one-third of his salary. why? we'll talk about that and much more when we come back. hat we w. hat we w. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. man on tv: ...rbis and 36 homers. swings at the first pitch and fouls it deep back into the stands. [ding] [fans whirring] announcer: chill raw and prepared foods
we will be affected by europe. if europe goes bump in the night. if it doesn't, well, there's a certain momentum in the countries in china and india and southeast asia which will help to carry us forward. what worries us in singapore is not that the world will not prosper, but in the ups and downs of the world, a small boat like singapore with not very much room to maneuver, can you make sure that every time you catch a wave head on and you are not flipped over because once you are flipped...
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Feb 6, 2012
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they' europe. poland record breaking cold bottoming out at 35 below zero. other countries report the heaviest snow in half a century. cold weather is blamed for at least 300 deaths across europe. >>> and apparently, 60 years on the throne is nothing. no big deal to britain's queen elizabeth. she marked today's anniversary by sticking to her routine duties like visiting a nursery school. it is a big deal for her subjects. today's band serenade, a little taste of it there, is only a taste of this innings to come. there will be four days of celebrations in june when the weather is a little bit better. >>> and iranians today held up homer and bart simpson as more proof of how the u.s. is corrupting iran's youth. the government official in charge of the intellectual development of children, yes, they have one of those, says simpson character dolls are joining barbie on the list of banned western toys. if homer and bart are on that list, john, i don't even know what they think about like "south park" or
they' europe. poland record breaking cold bottoming out at 35 below zero. other countries report the heaviest snow in half a century. cold weather is blamed for at least 300 deaths across europe. >>> and apparently, 60 years on the throne is nothing. no big deal to britain's queen elizabeth. she marked today's anniversary by sticking to her routine duties like visiting a nursery school. it is a big deal for her subjects. today's band serenade, a little taste of it there, is only a...
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Feb 6, 2012
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europe. the greek government is meeting today to discuss budget cuts. and if they don't pass them, kyra, they won't get their next bailout from the e.u., the imf, and the ecb. so what you have is stocks set for a modestly lower open with investors still on edge waiting to see how things shake out from europe. >> and what's this news centering around gm? >> well, you know this. if you want to be successful, you set a goal, right? well, the "wall street journal" says gm's goal is to make d$10 billion a year. that's a huge goal. because you look at where gm was, it was bankrupt less than three years ago. but you know what? gm is really on its way. it's moving forward. it reports earnings next week, and the expectation is it will say that it earned $8 billion in profit for all of 2011. once upon a time, that was almost unthinkable because in 2009, we were talking about billions in bailout money that gm got. it had to make thousands of layoffs. but now as you can see, gm is making some big lofty goals for itself. we'll see if it can do it. kyra? >> thanks. >
europe. the greek government is meeting today to discuss budget cuts. and if they don't pass them, kyra, they won't get their next bailout from the e.u., the imf, and the ecb. so what you have is stocks set for a modestly lower open with investors still on edge waiting to see how things shake out from europe. >> and what's this news centering around gm? >> well, you know this. if you want to be successful, you set a goal, right? well, the "wall street journal" says gm's...
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Feb 24, 2012
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. >> occasionally something comes out of europe. poor europe. they have had their challenges. back in the day, when did you first get into facebook? >> very first round. >> first round? >> yes. >> sean parker called me about it. i thought it was interesting. i thought peter should lead it. >> peter teal? >> yeah. i'll co-invest. >> what made you see that 80% person, 20% product, i'm in in that case back then? >> i hadn't met zuckerberg yet. part of the meeting was for me to get a sense of him myself. parker i knew and he had a good sense of consumer internet products. i was like okay, i love the product. the guy is good. i have heard other great things, let's do a meeting. it was an easy meeting. >> what do you think about where it is now? you are not going to talk about the pricing of the ipo. i would love to ask.
. >> occasionally something comes out of europe. poor europe. they have had their challenges. back in the day, when did you first get into facebook? >> very first round. >> first round? >> yes. >> sean parker called me about it. i thought it was interesting. i thought peter should lead it. >> peter teal? >> yeah. i'll co-invest. >> what made you see that 80% person, 20% product, i'm in in that case back then? >> i hadn't met zuckerberg yet....
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Feb 7, 2012
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the breadbasket of europe. more than 120 deaths from temperatures below ten degrees and likely to stay there for the rest of the week. and likely to stay for the rest of the week. dozens dead in russia, romania and poland. the world's busiest airport is back open after canceling half its flights on sunday. affected 20,000 passengers. some i know just flew into heathrow this afternoon and say the airport is operating normal. netflix will soon have competition in the online streaming business. verizon and red box, it's a dvd kiosk company. sometimes you see it at walmart. they announced they are launching a subscription streaming service this year. they're being vague about the details, but we looked at the numbers. it's a rapidly growing service that's been dominated by netflix. netflix says it can add 2 million more in the next few months. it has been 185 days since america lost its top credit rating. what are we going to get it back? we may be spending more on the military because violence in syria is reaching
the breadbasket of europe. more than 120 deaths from temperatures below ten degrees and likely to stay there for the rest of the week. and likely to stay for the rest of the week. dozens dead in russia, romania and poland. the world's busiest airport is back open after canceling half its flights on sunday. affected 20,000 passengers. some i know just flew into heathrow this afternoon and say the airport is operating normal. netflix will soon have competition in the online streaming business....
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Feb 3, 2012
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europe, for example? are you worried about europe? >> sure. there are a lot of potential hurdles that we need to overcome. i don't think the coast is clear. europe is obviously a very significant issue. conditions have improved, settled over the last several weeks, couple months, so that's encouraging. but their economy is in recession. it's a big economy. there's lot of links between what goes on here and there. so we need to watch that. and of course there's the housing market. the foreclosure crisis is ongoing. house prices are falling. and it's hard to get enthusiastic about our economy when house prices are declining. the home is still the most important asset, the most middle income households own. the home is used by many small businesses as collateral to get a loan. of course local governments are struggling. they're having to cut k-12 because property tax revenues are declining. so there are a lot of red flags. but on a day like this, i think it's very encouraging, very positive, all the trend lines are moving in the right direction.
europe, for example? are you worried about europe? >> sure. there are a lot of potential hurdles that we need to overcome. i don't think the coast is clear. europe is obviously a very significant issue. conditions have improved, settled over the last several weeks, couple months, so that's encouraging. but their economy is in recession. it's a big economy. there's lot of links between what goes on here and there. so we need to watch that. and of course there's the housing market. the...
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Feb 7, 2012
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the breadbasket of europe. more than 120 deaths from temperatures below ten degrees and likely to stay there for the rest of the week. and likely to stay for the rest of the week. dozens dead in russia, romania and poland. the world's busiest airport is back open after canceling half its flights on sunday. affected 20,000 passengers. some i know just flew into heathrow this afternoon and say the airport is operating normal. netflix will soon have competition in the online streaming business. verizon and red box, it's a dvd kiosk company. sometimes you see it at walmart. they announced they are launching a subscription streaming service this year. they're being vague about the details, but we looked at the numbers. it's a rapidly growing service that's been dominated by netflix. netflix says it can add 2 million more in the next few months. it has been 185 days since america lost its top credit rating. what are we going to get it back? we may be spending more on the military because violence in syria is reaching
the breadbasket of europe. more than 120 deaths from temperatures below ten degrees and likely to stay there for the rest of the week. and likely to stay for the rest of the week. dozens dead in russia, romania and poland. the world's busiest airport is back open after canceling half its flights on sunday. affected 20,000 passengers. some i know just flew into heathrow this afternoon and say the airport is operating normal. netflix will soon have competition in the online streaming business....
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this morning futures are a little bit lower and that's because of europe. whenever there is a step forward, it's europe and the rest of the world that brings us back. >> the gop has been attacking obama on gas prices. >> they can't on jobs and stocks. they will. they will, don't worry. lately it's good news. how about the gas prices? >> going up. they're going up pretty significantly. it was actually michele bachmann who i heard attacking the president on gas prices. she said she could bring gas prices down to $2 a gallon. >> i loved that. i don't know why i loved it. i love to to hear that but i know that's nuts. >> well, because if you have $2 gas, every expert that i talked to said you'd have to have a massive recession to have $2 gas. obama's first day in office gas prices were at 1. $4. today they're at $3.48. that's really sobering. it shows you gas prices are up 89%. why? libya, iran, the eu is tangling with iran. u.s. consumer isn't in a depression anymore. our consumption of gas is actually down. >> i'm not surprised by that. are you? >> it's antic
this morning futures are a little bit lower and that's because of europe. whenever there is a step forward, it's europe and the rest of the world that brings us back. >> the gop has been attacking obama on gas prices. >> they can't on jobs and stocks. they will. they will, don't worry. lately it's good news. how about the gas prices? >> going up. they're going up pretty significantly. it was actually michele bachmann who i heard attacking the president on gas prices. she said...
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Feb 10, 2012
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it's a major sea frozen over in eastern europe. the punishing cold grips the region. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our lives... in the works package, we change the oil we change the filter... tire rotation, suspension, we make suspension checks... what we have here is the multi-point inspection. every time a vehicle comes into a ford dealership you'll be presented with one of these. we check the belts, hoses... brakes. tires and the pressures... battery, all your fluids... exhaust system, transmission... we inspect your air filter...
it's a major sea frozen over in eastern europe. the punishing cold grips the region. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting...
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Feb 19, 2012
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banks in europe are opposed to debt from spain and greece and italy. and they're bankrupt. well, we can't allow the banks to go bankrupt, too big to fail. so they have promised our dollars will bail them out. this is wrong. this is wrong. if we allow it to happen and of course if this continues, it will eventually be rejection of a dollar. and the total rejection of currency can come rather rapidly and it's a financial crisis that's uncontrollable which can lead to a political crisis. this is why it's good to have a plan and improvise a plan where we work our way out of it. this is why i'm saying cut a trillion dollars. cut a trillion dollars and back off and shrink the says of government. we already see, you know, greece just the other day saccept a pln for the 15th time on what to do, and, of course, it was to cut back on some of the jobs, on some of the welfare. but there are riots in the street because they believe as many people in this country believe they're entitled to it. they believe entitlements are right. you have a right to your life and your liberties but you'
banks in europe are opposed to debt from spain and greece and italy. and they're bankrupt. well, we can't allow the banks to go bankrupt, too big to fail. so they have promised our dollars will bail them out. this is wrong. this is wrong. if we allow it to happen and of course if this continues, it will eventually be rejection of a dollar. and the total rejection of currency can come rather rapidly and it's a financial crisis that's uncontrollable which can lead to a political crisis. this is...
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Feb 7, 2012
02/12
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but they're completing missing the point and a snowstorm crushing europe. to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. i'm here to unleash my inner cowboy. instead i got heartburn. hold up partner. prilosec can take days to work. try alka-seltzer. it kills heartburn fast. yeehaw! but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out f
but they're completing missing the point and a snowstorm crushing europe. to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter...
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Feb 24, 2012
02/12
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poor europe lately. >> we would love to see more of it. >> they have had their challenges. back in the day when you first -- when did you get into facebook? >> first round. >> first round. which was when? >> so what happened is sean parker called me. i said, this is interesting. i think peter should lead it. we should do a meeting with peter, and i'll co-invest. >> what made you -- what made you see that 80% person, 20% product i'm in in that case back then? >> i hadn't met zuckerberg, but the product was amazing and i heard good things about him, and part of the meeting was to get a sense of zuckerberg himself, and parker had i known earlier, and i knew that parker had a very good sense of consumer internet products, so i was like, i love the product. parker tells me the guy is good. i have heard great things. let's do a meeting. it was an easy meeting. >> what do you thing about where
poor europe lately. >> we would love to see more of it. >> they have had their challenges. back in the day when you first -- when did you get into facebook? >> first round. >> first round. which was when? >> so what happened is sean parker called me. i said, this is interesting. i think peter should lead it. we should do a meeting with peter, and i'll co-invest. >> what made you -- what made you see that 80% person, 20% product i'm in in that case back then?...
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Feb 5, 2012
02/12
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>> across europe 300. over 300 and the death toll keeps rising, don. some of the most deaths we have seen have been out of poland and ukraine. and this is unprecedented really in decades. they haven't seen pictures like this or weather like this for that matter. but this is heathrow airport. this is earlier today. they canceled 30% of their flights, and one other image i want to bring up, what i want to talk about is bosnia in sarajevo. i talked to a resident who said residents literally have to dig out tunnels to get out of their homes. >> goodness. >> they saw like 43 inches of snowfall. this is the worst they have seen since 1999. and it's not going to end anytime soon. >> they're getting our cold weather. >> because we have warm weather. >> we have these unseasonably warm temperature. >> look at this car just spinning out of control. this is from earlier this week. >> we're going to follow that. >> this is a more positive angle. the mannequin bronze statue of a young boy urinating. officials turned off the water because of subzero temperatures and
>> across europe 300. over 300 and the death toll keeps rising, don. some of the most deaths we have seen have been out of poland and ukraine. and this is unprecedented really in decades. they haven't seen pictures like this or weather like this for that matter. but this is heathrow airport. this is earlier today. they canceled 30% of their flights, and one other image i want to bring up, what i want to talk about is bosnia in sarajevo. i talked to a resident who said residents literally...
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Feb 2, 2012
02/12
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they did it in the '90s in europe and argentina and sometimes in the arab world but they haven't yet committed a major act of terrorism in their 32, now 33 years of existence against the united states. so, my line about the iranian regime is that it is homicidal. it is homicidal especially toward its own population but not suicidal. it wants to stay in power. >> did it surprise you to hear secretary panetta giving details on the time line of the iran nuclear program, what the u.s. perception of it is, and the line no option is not off the table is not anything new. >> i think the fact that he said we will take action if we have to is not surprising. that is in keeping with what president obama has said. he has made clear that iran getting nuclear capability is unacceptable. what is surprising is the specifics of which he laid out the time line to iran acquiring a nuclear weapon. one year to get a bomb. two to three years until you have a deliverable vehicle. what he is talking about there, it is one thing to have enough enriched uranium and it is another thing to deliver it on target
they did it in the '90s in europe and argentina and sometimes in the arab world but they haven't yet committed a major act of terrorism in their 32, now 33 years of existence against the united states. so, my line about the iranian regime is that it is homicidal. it is homicidal especially toward its own population but not suicidal. it wants to stay in power. >> did it surprise you to hear secretary panetta giving details on the time line of the iran nuclear program, what the u.s....