a focus u.s. mission with prioritized lines of operation organized around the sfa can enhance our influence and ensure the agility we need a constantly changing and dynamic environment. precious taxpayer resources are applied effectively with an eye towards long-term stainability. i've tried to touch upon a number of issue ice will soon confront if confirmed to u.s. ambassador to iraq. for me, there's no more important mission in the world. i've served across two administration over eight years developing policy in washington or executing u.s. policy in iraq. i was with president bush when we planned to serve 30,000 u.s. troops, a new strategy. i was with general petraeus and ambassador ryan crocker when we worked to implement that strategy against tremendous odds. i later hrped manage the transition of iraq policy to the obama administration under two binding international agreements. over the past two years, i've answered repeated calls to return to iraq in public service at times of crisis. my

name u.s. officials say america was responsible for last month's massive cyber attack on iran the state of the malware dubbed flame is said to have been created by the u.s. and israel to spy on and sabotage the islamic republic's nuclear progress. has more from washington. that american officials may sound defensive when they talk about cyber attacks as being a major threat to the country's security a weapon of mass disruption you could have a cyber attack that would be as consequential in terms of the economy maybe even in terms of public option ryan fashions we typically associate with more for the next pearl harbor that we confront could very well be a cyber attack that cripples our our power system certainly our grid acts of terror could come not only from a few extremists and suicide vests but from a few keystrokes on the computer but it turns out the u.s. government itself carries out cyber attacks against other nations the washington post cites officials speaking on condition of anonymit

the u.s. economy and europe's debt crisis kept investors on edge. the dow lost 17 points. while the nasdaq added 12, the s&p 500 closed nearly unchanged. suzanne pratt tonight, takes a look at where stocks may be headed. >> reporter: for stock investors, today was certainly an improvement after friday's big sell-off. but, even though trading was calmer, market pros say anxiety about spain and greece remains high. >> i still think the tone to the market is somewhat negative. i think very politically driven and very headline driven. and, so to that end we look at it very minute to minute to see what's developing in europe. >> reporter: with the dow hovering at 12,000, it's anyone's guess whether the next milestone will be 11,000 or 13,000. that could depend on corporate profits, not just europe. second quarter results aren't looking too helpful. currently, q2 profit growth for s&p 500 firms is expected to be flat. at the start of this year, analysts were looking for a more optimistic 4%. still,

a bit over the u.s. military buildup in china get how much patience go but the question i guess i should just now how much patience do you think beijing has here one of the dangers . well beijing has not shown any cool will to confront the united states i think it's buying its time but at the same time. they're shoring up the shanghai cooperation organization india is very eager to be a part of that and granted that it doesn't have the leadership the shanghai organization but it is formidable in this is especially if india were allowed to join it. in terms of just military soldiers to the resources available and he would really be a block against the united states imperial xander so china is buying its time. how soon will it if it's really and if it is just trying to be on the program. depended research and right on the line there from california. right what time is it it's twenty four hours when it's past seven o'clock in the evening here in moscow very good to have you with us of your news twenty four

u.s. standards for granting asylum. a song would need them he has a valid fear of persecution for his political opinions and a real fear that the government to which he would be extradited would not be able to itself or prevent a third party government from interfering and persecuting him and the united states has launched a worldwide manhunt against him so interestingly under the standards the u.s. uses i mean this is a a mess that we've created on our own by going after him with such with such vigor and such hatred and such. kill list i mean a worldwide manhunt you know i don't know if he's on the kill list the none of us know but i think he certainly under american standards would fit the criteria and for now it seems like this is some kind of a last ditch effort to prevent being extradited to sweden and ultimately finding his way to the united states if that were in fact to happen what would that mean for have well if united states as you have been covering so much has been leading an

the u.s. and its allies are preparing for a serious transition of power the white house says president assad handing control to the opposition will help bring an end to fifteen months of bloodshed a number of western and arab states have long been pushing for regime change a list that has maintained his nation's real war comes from outside meanwhile repos of the most unjust in britain is planning to set up camps in syria where troops and agents will help the rebels fights i think it's the government middle east expert tariq i leave that means foreign powers are largely responsible for the country's die situation. when the americans vassal states like group some talk about transition what they're effectively mean is regime change that is what they did in libya with dire consequences as we can see in that country today in syria the plan to bring both sides to the table and have a negotiated settlement is obviously the best way to move forward but the united states and britain and their other red

it's important to know that it's the u.s. and nato who are creating a civil war in syria in terms of arming commando mercenaries thugs flooding the country with weapons doing everything that they can to destabilize syria and the latest massacre in houla is just one more example because it's this exact scenario that the u.s. has used to justify quote humanitarian intervention in the past and after they create total destabilization send in all sorts of mercenaries and armed groups and they claim that they're going in in order to save the situation it's absolute hypocrisy and fraud and they've done it with the u.n. security council support and they've done it without u.n. security council support and we've seen this in the past and it's clear that the u.s. is not interested in a diplomatic solution they are in every way trying to move toward military intervention which means massive destruction of the entire country but they're already responsible for great destruction and the conflict in syria is spilling over into neighboring

the u.s.? >> it has come through many channels. one channel is that the very dramatic slow down in europe into recession in many countries has led to a softening of commodity prices including oil and gas, and the u.s. is a net oil importer and there's an effect. another major effect is the running away of anything considered risky and running away from anything considered risky has been running into u.s. treaeasury debt. so we have interest rates on long term debt flirting at or at, depending on the hour you look, the lowesest rates we hav seen in 50 years. we have those two effects as basically positive, oddly enough, effects for the u.s. economy for growth. but we have europe, our second largest when you take it in it's entirety in the trading market, and then of course you have a of the capital market uncertainties that are effecting u.s. financial institutions as well as their counter parties. >> what about the federal reserve. we have the softening economy here, putting europe aside. do y

we'll talk with greg ip, u.s. economics editor at the economist. >> tom: the nation's commerce secretary has stepped down. john bryson is leaving his post nearly two weeks after being involved in two car crashes. those crashes were blamed on seizures. in a letter to president obama released by the white house today, bryson said, "the seizure i suffered could be a distraction from my performance as secretary, and that our country would be better served by a change in leadership at the department." >> susie: calling it a no- brainer, president obama today stepped up pressure on lawmakers to stop student loan interest rates from doubling before a july 1 deadline. the president wants congress to keep rates on federal stafford loans from rising, they're set to jump to almost 7%. republicans and democrats agree the rates should stay put, but they're deeply grid-locked over how to pay for it. today, president obama accused congress of "playing chicken" with our economic future. >> this is all about whether or not we are

the u.s. debt will exceed the but several tax cuts are due to expire at the end of next year. u.s. stocks rising and an investors took a wait and see attitude and the dow in duf was. the farm bill headed to the floor. the u.s. senate and could grow billions in savings for the american taxpayer. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: the troubles in e5)pe certainly continue to be felt here in america. investors have piled into u.s. government bonds driving interest rates down to historic lows. it's made dividend stocks more attractive. as erike miller reports there's exposure. >> nearly half of the nation's using the euro are in recession. ireland, greece, spain, italy, cypress, the netherlands and portugal and threatens to hurt u.s. companies doing business there. roughly 1400 of s&p revenues come from europe. >> the most affected in europe be the more cyclical company. the industrials, the material companies. they're more sensitive to the economic

you could get it wanted to join the u.s. army. i just thought of this you see we sold our home and our laundering business in tijuana and we started a new life here because i don't and keith. is she said but he exercised kept his weight studied to get good grades and then when it's going to consume me. for going to a recruiter told him if he served for just one year then i love it qualify for the d.n.a. . so i finally give my consent to feed him and he enlisted when he was seventeen and a half of the sea james who made you. think he was a camp pendleton when nine eleven happened to give you. what you like thousands of other parents about it we thought there will be a war a dose of dexterous trash bins and. the middle of february first he said to my father in four days i'm leaving for iraq . as an embedded journalist in his unit i met his views on the very first day of the war going to go back. he was part of a two man sniper team just hours before the invasion to climb to guard tower in the kuwait iraq border search for a rocky mi

the u.s. and the u.s. is a debtor so it's this combination of the size of the economy the fact the big trader and the fact that it's a creditor confers on it a lot of power that's today and over the next ten fifteen years all these numbers are going to go in china's favor so the china's going to become an even bigger economy than the u.s. and even bigger treated in the u.s. and continue to be you know financing the u.s. so that combination is what is making china very dominant let me give you one example one example so take the fact that china you know finances the u.s. right or to so much cash three point three trillion dollars worth of cash if europe gets into trouble well you know it which would happen which country in the world has the ability to bailout you're not the united states china because this three trillion dollars and when it has that power or that ability it can always exercise power well could be political ramifications for that as far as crucial foreign policy issues for example over syria

this is u.s. contractors that implement aid programs on the ground and in many cases they are extremely large and important actors in providing foreign assistance. i think that there isn't -- when we talk about aid effectiveness, we have to be really honest about the fact that the u.s. idea is transparent in the sense of most of the foreign assistance budget is going to u.s. contractors. i think that's kind of a dirty little secret. it's a way that you can kind of promote and support u.s. business interests. it's also a way that some other countries have done this, and whether it's through peace corps or other mechanisms to get young people exposed to career possibilities or prospects, and that's the part is that not discussed but it's part of the conversation. i will focus most of my remarks on latin american which is the region i worked primarily in my career. when we think about something about the south com, it provides humanitarian assistance in the areas of health. this is something that has

yeah well the irony is a lot of the soft power instruments of the u.s. at the disposal of the u.s. were cuts under clinton and then so straight away the u.s. is capacity to. engage get out a message was was handed under bush and then obviously the iraq war wasn't terribly popular and so yeah the u.s. image took a beating under the bush administration but i think a lot of the damage was done simply through perceptions when obama was elected it had a huge effect if you look at. j.f.k. and whole nation brand index between two thousand and two thousand and nine the u.s. moved from seventh in the world in terms of global perceptions to first in the world so it had a huge impact ok gentlemen we've run out of time oh much more to discuss and many thanks to my guest today in washington and in london and next to our viewers for watching us here are see you next time and remember cross talk with us. anything. you want. to eat.

the inability of the u.s. government to secure the u.s.-mexico border creates public safety hazards for residents who live on the border and the law enforcement agents who patrol them. many rural areas are rural and lack requirest -- wireless communications capabilities like cell phone, making it a security issue. i worked with congresswoman giffords and representative altmire to pass a similar emmitt amendment to the department of homeland -- a similar amendment to the department of homeland security bill. we received overwhelming support in this house with a vote of 347-9 . however the omnibus weakened this provision to make it a mere suggestion for d.h.s. to enforce or to solve this problem. despite that lang wam, the department of homeland security has done very little or anything to address this issue. more work needs to be done and there's a large number of dead zones along our southern border. that's why this amendment is offered again this year. rural areas along the border present a unique public safety challenge that can be addre

house, u.s. senate and u.s. supreme court. this afternoon is a kickoff of the first-ever all-class homecoming reunion all classes of former pages. we have pages represented here today and through the weekend that served from 1940s to the present. now, we're here today cosponsoring this event with the u.s. capitol historical society. we have two parts. we have a panel of firsts who you'll hear from very soon. our second group panel is the panel of the house and senate historians who are going to give a visual presentation of the history of the page program. now, it gives me great pleasure to introduce don kennen, the vice president of the u.s. capitol historical society for scholarship and education. don is sa30-year veteran. and we appreciate working with the society and putting on the events this weekend. don? >> well, thank you very much, jerry. and thanks to you and to chris cobey and to everyone with the capitol page alumni association who has put this event together. as jerry mentioned, i've been doing this kind of thing

u.s. treasuries were bored by the u.s. federal reserve so they are practically paid for with a printing press and what one of the strategies is simply to suppress interest rates and keep interest rates below inflation rates and therefore sort of work off the debt load over time through high inflation trying to flayed away and for that for that i mean you need to encourage people to hope that that to own it despite the fact that the coupon doesn't even play pay for the inflation rate normally people won't do that so policymakers have to force them to hold it one way is to not allow them to leave the country another one is to force banks to hold lots of government bonds to force your pension funds to hold government bonds to buy a regulation by legislation and i think we see a lot of efforts in that direction as well ok so you're saying that people the monetary authorities have been trying to control the flow of money around the world using monetary policies using interest rates to steer cap

the u.s. attorn in that area and went up the food chain to department of justice where it was signed off. this is not irrelevant. this is essential that we know the process of how this was done. if we're going to fix this problem, we've got to know the facts. instead they're being withheld. i yield back. the speaker pro tempore: the time of the gentleman has expire. the gentleman from maryland. mr. cummings: i reserve. the speaker pro tempore: t gentleman from california. mr. issa: mr. speaker, point of inquiry, do i have the right to close? the speaker pro tempore: the ntleman from california has the right to close. mr. issa: i reserve my right to close. the speaker pro tempore: the gentleman from maryland. mr. cummings: do you have any more speakers? mr. issa: no, i do not. mr. cummings: mr. speaker, as the democratic leader said, there's no doubt that the constitution gives congress the right and responsibility to investigate, but the constitution also requires something else. it requires c

the u.s. and russian leaders agree syrians should be able to decide the country's future independently after they met on the sidelines of the group of twenty gathering in mexico president obama also pledged to continue that washington's missile shield in europe. and his name is kind of the pole in the country's first post presidential election victories contested by rival undermined by the military itself sweeping legislative powers. in europe and the u.s. prepared to bet tougher sanctions to date on iran that's a global player controversy surrounding tehran's nuclear program. for the moment we'll be back with more in the meantime tempers flare with peter van and his guests on cross talk as they discuss the effectiveness of the so-called world's policeman that's coming your way in just a few moments here on r.t. stay with us for that. blowing welcome to cross talk i'm peter lavelle what is the state of the american empire is it suffering from military overreach and can he continue to afford su

well technically the u.s. and student have any kind of public at least legal interest in the case because as of right now there's been no admission on the part of the united states government that they're pursuing any kind of legal action against julian assange however obviously we know that washington has been pursuing him secretly now for over a year or so what i think is that there may be some kind of. more sort of clandestine pressure coming out of washington against ecuador but the relations aren't great any way between the government and washington or washington accuses ecuador of being a government that is violating democratic principles about its being an expression of the most of it unfounded it's just because it's no longer government subordinate to us agenda so you know you can only really make a relationship that's already pretty tense because we have been saying assad just controversial interview show airs right here on our team talking to pakistan opposition leader imran khan in the latest editio

houston's heavily criticized u.s. drone policy chris heins said that u.s. drone strikes threaten fifty years of international law and not only would they encourage other states to flout long established human rights standards but also may constitute war crimes now this drone policy belongs to president obama so his policy is not only may threaten international law but also due process here at home with the example of anwar locky and his son but the what if you take it even closer to home and the past two weeks we've seen an executive order from the president on immigration and the use of executive privilege over a congressional investigation so and all of this the big question is how much executive power is too much here to discuss it with me is bruce fein former deputy attorney general under president ronald reagan and chairman of the american freedom agenda thanks so much for joining me tonight you and i constantly talk about these things and so because there is there are quite a few issues that i want to bring up let's go through them one by one and so i

happens where the u.s. dollar tween the u.s. is going to take on that say by the realities for now there is not. nearly. as dollar that's why people are still in this limbo on the second question in the last year of the year was. close that one fifteen i'll go to one twenty five you know the overall fiscal and financial problems that it's been over a break out today that the euro should weaken and is likely to weaken the only thing that could maybe stop that we can have the eurozone is either the us economy come so weak then the dollar weakens and the fed in pretty small me and then weakens the dollar or that finally the european get their act together they find the ground leads to a banking union doing and that mattel has a show restoring girl that. and other things that are stored hope that the eurozone is going to stay together in which case the euro could. gain more among the main downside risks to the global economy you mention of course a very slow economic recovery where do you see the new tigers and and what is the prese

in the year as i would say the ruble a little stout for the u.s. dollar and the years we look at the russian market said it was a pretty bleak day really here most we didn't see much movement a skull it colors on the screen just. as i mentioned it's all about this in pieces but at the moment for. is just kicked off actually and the theme for this year's event is a fish and leadership and as i say is a three day long and then it will once again provide a unique platform for discussions on various issues affecting the world economy around five thousand just went from almost ninety countries are expected to pay additional attention to the eurozone problems as well as the prospects of russia president vladimir putin he'll give a speech later on today and we'll be following throughout the forum bring you the latest on the event. all right gary thanks very much indeed as always looking forward to more our dates from you and in just a few moments i'll be back with headlines followed by the latest edition of our interview show spotlight. emission free accr

is a really dominating i mean many in the u.s. would say that the u.s. is still the richest country in the wall that is the most powerful economy at the moment china's g.d.p. for example is smaller than that of the united states. but if you measure it in terms of power it's as big as the united states second china is already the world.

u.s. and its western allies are pushing for sanctions against the assad government now this is a campaign ongoing for months now the u.s. pretty much leaving it trying to get russia and china to agree on international sanctions against president bashar al assad to this point russia and china have opposed any type of international pressure in the in the form of sanctions instead referring to kofi annan six point peace plan and fully supporting that so of course these statements coming from a top u.n. official declaring a civil war in syria can be a game changer within the security council in the days ahead you have to remember that ninety day mission three hundred unarmed observers in syria was adopted under the idea that there would be a cease fire in syria if there is no ceasefire what is there left for observers to be monitoring and that is something that the u.n. peacekeeping chief mr lott sue also stated we should mention that the u.n. said that three u.n. vehicles were fired upon when

as u.s. defense authorities go offensive in cyber warfare the pentagon's cyber command has fast tracked the development of the weapons they've ministration just announced a one hundred ten million dollar program to solicit proposals from the universities and video game manufacturers so much hype about cyber war is that some people that seem to be in the authority about war start talking about technology as if they understand that they're always talking about war because that's their business and so they're trying to root technology into that and so when we have no control of our technology we have these people that wish to use it for for their ends for war specifically that's a recipe for some pretty scary stuff cyberspace as a whole is now seen by the u.s. military is that vast area of opportunity you can really tell the government don't do to others what you don't want them to you but in light of the recent revelations about the u.s. being gauge that cyber attack one might ask what are the

the u.s. open is a bick deal. this is a national championship of golf. bay area fans soaking in the excitement and the players enjoying one of the most historic golf courses in america. we have team coverage tonight. we begin with nbc bay area reporter who spent much of this tournament week on the site there. we're counting down toward the teeoff bright and early tomorrow morning. >> reporter: bubba watson and phil mickelson, the first ones to go out with nine under. the crowd is that deep and that excited and those who played in the u.s. open before are not surprised, but still impressed. they came armed with binoculars and cameras, thousands made it to what is only a practice round before the big tournament and they also brought their sharpies. >> i got cal stanley, i got alex noren. and ogleby. >> i got jason day, casey martin, vijay singh, charlie wie. >> reporter: and even a tiger. the crowds are four deep at times in the driving range. >> it's a great experience. i mean any time you can

u.s. sales to euro-zone countries fell almost 10%. european imports to the u.s. for the week, the dow is up the nasdaq gained 4% the s&p 500 up 3.7%. while stocks shook off the european worries this week, one place we can see the impact of europe is in u.s. trade numbers. the trade deficit narrowed in april, thanks to less trading with europe. u.s. sales to euro-zone countries fell almost 10%. european imports to the u.s. dropped by more than 11%. >> tom: the drop in business with europe comes as u.s. goods and services have gotten more expensive thanks to a drop in the euro against the dollar. last year, one euro cost $1.45. today it's $1.26. suzanne pratt reports the dollar's gain could spell trouble for corporate america. >> reporter: unless you've traveled overseas, you might not have noticed what's happened to the dollar. it turns out it's getting mightier. in the last year, the u.s. dollar has gained about 15% against europe's common currency: the euro. in general, a country's currency strengthens as a result of an improving economy. currency experts say wh

can just bat it around and we have experience with the u.s. batting it around there were early people in two thousand and one that sweden at the behest of the united states at the behest of the cia sent to egypt for torture as a result of that and i understand as a linux user has little or no sweet sweden as you're suggesting and many have but before you the sweden enjoys a very very cozy relationship with the united states but as we all know. right now asking for political asylum in ecuador ecuador does have an extradition treaty with the u.s. even if it is granted refuge what are the guarantees that washington will not try to get their hands on in that. look if he's given political asylum you don't extra's extradite your political aside leigh's for the alleged crime that you were given political asylum for he will be given political asylum because he's because of it because he's being persecuted for his political views and actions then the extradition will come in saying well espionage or whatever the u.s. tries to extradite him on there's n

it's been 17 years since the u.s. and vietnam normallized relations and now the u.s. is reaching out to improve military relations with vietnam. as of the rise of china's military rises large over the region and the the south china sea with the vast untapped oil resources and shipping lanes remain open to everyone. >> this is a historic trip. the fact that this ship is here in cameron bay, and that it's being serviced by contractors here at this location, and the repair work is being done by our vietnamese is it friends and that's had an indication how far we've come. >> all of the countries, obviously, are concerned about their ability to be able to have freedom of navigation. and that's a very important part of this region. i mean, as you've seen from this trip, we cover an awful lot of territory and go over a lot of water and the reality is that the ability of ships to navigate freely is very critical to the livelihood of these nations and so, you know, when it comes to the south china sea, when it comes to their ability to navigate freely on the south china sea, t

and maybe this is the result of u.s. reaction we know that u.s. secretary of state hillary clinton has repeatedly been warning that america may cancel its attendance of the meeting iran is invited although it's still remaining it's still remains unclear why coffee and changed his mind and why iran is not invited eventually and whether it has anything to do with america's reaction but already we are hearing skepticism growing about these factors runs in seclusion or that this group. meanwhile apart from russia and you as in the meeting in geneva britain and britain china france turkey caught all in some other countries will take place and diplomats say that. of course it's obviously the main goal of this meeting is to hammer out a different approach to this solution of the syrian crisis to to think and to plan concrete steps and action to be done to that and the violence here in the country and diplomats say that the group will mean. idea of the unity cabinet a national unity cabinet through that will include both the representatives of the opposit

and u.s. i mean i mean a separate show of support thousands have signed a petition a move initiated by a u.s. based support liberty group just foreign policy r.t. spoke to robert naiman our policy director for the organization who initiated this campaign. my sense sense of other people i've talked to that ecuadorian government officials are sympathetic to their request they understand the situation the same way we do understand the threat to join the songs from the united states and the threat that sweden once they got to be a massage would hand them over to the united states which would then prosecute him under the very controversial espionage act we don't know everything about what the u.s. government has done a night or might do but we know that a grand jury was impaneled in the united states to investigation of wiki leaks and bring charges we know that bradley manning's attorney believes his harsh treatment in u.s. custody was an attempt to get him to. testify against julian there is a rec

arrive in the u.s. before age 16. three. live in the u.s. for at least five consecutive years. four. be a high school graduate or in school or have military serv five. no criminal record. >> question, how strongly will this move, by president obama, granting temporary legal status, not citizenship to young latinos, how will it resonate with latino voters? >> so far it seems to be resonating pretty well. but i think the obama white house is going to be shocked at how little staying power this ultimately has. i think by election day, this isn't about election day, this is about election day november, that what is going to really influence voters is the fact that the unemployment rate among latino americans is officially 11%, actually closer to 13%, you have about 25 million households with their homes underwater, i think those are the facts that will end up resonating, come november. >> i think this was a master stroke on the part of the president, because he puts romney in a box. mitt romney can't be for this and he can't be against it. and at the same time, the president, both

the u.s. and the problems in the europe in some many european countries. also lead to a big flight of -- [inaudible] emerging markets and lowered their risk of returns in terms of the cost of capital. and the strong -- [inaudible] helped trigger the export. this combination of factors of catching up from the very bad year in the 1980s and 1990s. abundant global liquidity which lowered the cost of capital and the fact that u.s. consumer was reasonably strong in a big source of explosion market and the emerging markets to the exceptionally high levels from the '03 to '08 period. now, after the crisis happened in 2009, only of the emerging markets were to use some of the unspent to try and keep going for awhile for like india, china there was a lot of stimulus put spot pipeline to keep demand going. what's happening now is many of the countries countries countries are experiencing their own difficulties are slowing down quite a bit. i think this is what is hitting the stage for a very different k

u.s. central bankers kick off a two-day meeting. what are the odds for more stimulus for the economy, and will it work? >> tom: shipping giant fedex delivers its take on the economy-- moderate growth, but it warns costs cuts are on the way. >> susie: that and more tonight on nbr! >> susie: a solid stock market rally on wall street today as investors are counting on the federal reserve to jumpstart the economy. central bankers began a two-day meeting today. expectations are high that policymakers will do more to drive down long-term interest rates. >> i think there's probably the hope that something comes out of fed chairman bernanke's speech tomorrow that gives markets a positive tone. and i think there's buying being done ahead of that. >> susie: investors are speculating the fed will announce another round of bond- buying, continue its so-called "operation: twist" program, or unveil some other stimulus. the dow rose 95 points, closing at its highest level since early may. the nasdaq gain

u.s. and german government bond yields reached record low levels. money flowed into u.s. and german government bonds on thursday. this was to avert lifics as worries mounted over the spanish financial system. ten-year u.s. bond yields fell to a record 1.5%. this was partly due to concerns over the u.s. economic outlook as shown by weak data for jobs and manufacturing. meanwhile, german bonds were down to a record here as well. 1.1%. sources say that moves to reduce risk will continue unless measures are taken to somehow stop the european debt crisis from spreading further. investors are also buying japanese government bonds as another low risk asset. the look at the yield on the benchmark ten-year japanese government shows that it's currently at 0.828%. >>> now the iri voted on whether to radify a european union treaty that demands tighter fiscal discipline for their country. results are expected later on friday. the treaty requires all signatories to write into institutional law a requirement that fiscal deficits must be kept below 0.5% of gross domestic product. economi

but the u.s. banking industry outside of the trading business is really improving rather remarkably and investors i don't think are paying attention to it because they have resident growth from low demand. it's small. revenue growth from loans and banks replacing nonbanks which you don't have much in europe. three quarters of our loan base in the united states is from nonbanks. >> but, john, isn't interbank lending tight across the board? >> yes. there's an integration of the banking system, but the regional banks in the u.s. aren't very dependent on the larger banks. there's a connective system. they managed the risk. i think there's a deeper issue here that people really underline this whole euro thing. we've been running an experiment since 1971 with the u.s. dollar has become the reserve standard of the world and been disconnected from a commodity that politicians can control. so we've been relying on government bureaucrats who are supposed to be experts to set the monetary standard of the wor

many u.s. producers are in serious economic trouble and a substantial part and as a result of china's industrial policies. china has shut its market to our wind turbines exports as well as those of europe and india. u.s. measures, as you pointed out, mr. chairman, are in support of the industry are temporary, erratic, and are expiring. within a few months with the u.s. anti-dumping case on solar and china's potential claim against the u.s. state programs as well as bringing its own potentially it's own anti-dumping case on u.s. poly silicon. drawing on several experiences that i've had, one is doing a study for the chair at the national committee on science on innovation policies, drawing on the time i've spent advising u.s. semiconductor industries since 1980 and our problems with japan and the study i did, co co-authored and i asked to be entered into the record. it's not all that long. >> we're glad to enter that into the record. thank you very much. >> the questions i see before us, can we

the u.s. risk ok martin you want to jump in the u.s. debt is the euro as a u.s. soldier and is that all of your. base they yet go ahead you are going to repeat that us over and as i would suggest a problem it's not saying as by the promise so that's that's why the you know kind of ride the chinese are looking to invest in some other things with some form of banking whether it's the holidays or industries so in europe actually they're buying up like needing german companies now and over the place looking at physical industry i think that for quite enough folks over in bonds but within the u.s. and europe and again that have to write it off rather than throwing good money out of it so in america we view last word twenty seconds and then we're going to. give you the last word go ahead. i even though you know the story here is this going to take a long time chinese investment in physical assets actually was flat last year it was going up for years it was flat last year they couldn't find things to buy you've got to have an alternative to the dollar for the dollar to

u.s. immigration law. president obama forgot. >> if there has ever been a pot fair shot it is barack obama. >> shepard: democrats claim it's governor romney who is throwing the middle class under the with us. -- bus. >> the enemy shot down his spy plane and interrogated him for months. >> captain powers refused all attempts to glean from him sensitive information. >> shepard: tonight, honoring an american hero of the cold war. and he is supposed to herd sheep, not tigers. but this dog is learning to improvise. but first from fox this friday night. the president says there are americans in every way except on paper. now hundreds of thousands of illegal immigrants are getting a chance to stay in our country. lots of republicans say they are not happy about the move and how the president is making it he says the government will stop deporting some immigrants whose parents brought them to this country as children. there are other requirements. you have to be under the age of 30. have to arrive

economy, the state of the u.s. banks, and the state of the u.s. debt markets compared to those in europe, you would think that europe would have an easier monetary policy than the u.s. and it's the other way around. >> reporter: tomorrow, u.s. fed chairman ben bernanke appears before congress. markets hope he'll give some hints about what happens next with u.s. rates. suzanne pratt, "n.b.r.," new york. >> reporter: i'm darren gersh. still ahead, jobs and the presidential election in the key swing state of virginia. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: as investors shrugged off worries about europe's economy, they got better news on the u.s. economy. the federal reserve's beige book survey of regional economies painted a more upbeat picture, saying overall the u.s. economy is still expanding at a moderate pace. the report shows manufacturing expanding among most of the fed's 12 regions, between early april and mid-may. travel and tourism were also strengthening, the housing market continues to show si

u.s. ambassador it was leaving your observation mission on the ground the claims that it was. innocent civilians by government troops serving it was when presented with. them and. back then the you just love in government just like the syrian one now condemned militants for the killings in this case blaming the benon separatists from the kosovo liberation army an investigation was launched to find out whether the victims were innocent civilians as the international community claimed or whether the country's army had been battling professional fighters two out of three forensic inquiries proved the. most of the casualties died in combat the third report by an e.u. team has never been made public interesting we know about. when reports of syrian rebels whoever they are. think of being in kosovo liberation army people who were basically agents of mido in the course or. basic of training they were saying they were training in the marsian human rights but definitely the only training that even

office it's this area bordering afghanistan which is on the fire but judging by the intensity of the u.s. strikes there one thing that only terrorists leave there that's not the case of course the long investigative journalism says more than eight hundred civilians died in those bombings among them almost two hundred children what's interesting for a year u.s. officials are all together denied civilian deaths in drone strikes but reports on the ground told the opposite and thousands of people protesting furiously in pakistan told the opposite then that was the last straw of the aerial strike which killed two dozen pakistani soldiers last year by mistake diplomatic have a quality between the u.s. and pakistan pakistan blocked supply routes to afghanistan and they still remain closed by the way a new wave of extremism has been steered by those strikes but it's also interesting u.s. officials have accused this bureau of investigative journalism which works to shed light on civilian deaths saying those drone strikes of helping terrorists one might argue that this label terrorist helper is be

the u.s. is threatening syria with a un security council resolution that could authorize the use of force washington says strong sanctions imposed on the country won't bring what the white house sees as necessary regime change in syria russia and china have previously vowed not to allow any military intervention in the country via the u.n. but the u.s. hinted that foreign powers might consider bypassing the international monitoring moscow is calling for a special international meeting on syria aimed at encouraging all warring parties to return coffee at this peace plan that many sexpert terakhir leave says u.s. and its allies would be interested in such a gathering. when the americans vassal state slow growth some talk about transition what they are effectively mean is regime change that is what they did in libya with dire consequences as we can see in their country today in syria the plan to bring both sides to the table and have a negotiated settlement is obviously the best way to move forwa

and you can see the full interview with former u.s. senator chris dodd in fifteen minutes from now here on alt. the first day of talks to try to break the long running stalemate over iran's nuclear program is wrapped up here in moscow more negotiations between iran and the six world powers are planned for tuesday as europe and the u.s. prepare to slap their toughest sanctions to date on the islamic republic what do you see coming off as the latest. but we've heard from the iranians today as a regeneration of their position that they want an acknowledgement of their right to win a ritchey radium force the billion nuclear purposes and president mahmoud ahmadinejad seemed to indicate on his website that iran would be willing to halt high level uranium enrichment if the world powers agreed to meet its need for the fuel that the iranians are also hoping that the west will scale back its sanctions which are of course significantly hurting our oil exports and the iranian economy but the message from the real european union today with the plan

soldier accused of leaking classified u.s. diplomatic cables to wiki leaks and let's not forget manning has already spent seven hundred sixty five days behind bars nearly a year of that in solitary confinement before he was even charge now at fort meade yesterday a one day pretrial hearing for manning brought about some new and i would argue positive developments you see prosecutors in the case just hadn't been playing nice manning's defense attorney david coombs had asked time and time again to have access to evidence prosecutors plan to use were guarding the damage these alleged leaks have caused to national security it's a matter at the heart of the case after all what damage this has caused just probably why several news outlets have also asked to see this evidence and have also been refused well yesterday u.s. military judge agreed with manning's defense and ordered prosecutors to grant manning and his defense more access to the documents that they plan to use as evidence i want to talk about this and a whole lot more joi