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

as u.s. defense authorities go offensive in cyber warfare the pentagon's cyber command has fast tracked the development of weapons that 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 rip technology into that and so when we have no control of our technology we have these people that wish to use it for further and for war specifically that's a recipe for some pretty scary stuff cyberspace as a whole is now seen by the u.s. military as that vast area of opportunity you can really tell the government don't do to others what you don't want them to tell you but in light of the recent revelations about the u.s. being gauge that fiber one might ask what the message that the

tree china is a net creditor it finances 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 a lot of power today and over the next ten fifteen years all these numbers are going to go in china's favor so the china is 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 making china very dominant in. if you want example one example so pick 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 it which would happen which country in the world has the ability to be allowed to your the united states china because this three trillion dollars and when it has the power or that ability it can always exercise power what could be political ramifications for that as far as crucial foreign policy issues for example over syria will the u.s. pay more attention to wh

the u.s.'s ability to diplomatically mitigate the negative effects of iranian influence in iraq. despite the continuing challenges there is positive news to build upon. this was reflected in a recent public opinion survey by the national democrat institute. found that 48% of iraqys believed that iraq was headed into right direction. oil exports have increased by 20% this year to nearly 2.5 million barrels a day. american companies have increased their presence in iraq and as mentioned violence levels have, in fact, decreased. we are seeing signs of progress but this progress is delicate and fragile. in october of last year the state department became the lead u.s. agency in the country. the u.s. embassy in baghdad is the biggest presence in the world with approximately 16,000 staff and contractors. questions remain about the state department's ability to operate in this still precarious security environment and handle the work load associated with the processing of billions of dollars worth of

contrary to the u.s. position, which actually sees iran as an enemy, the eu does not see iran as an enemy. there's no enemy picture related to the question of diplomatic contacts with iran. so this is a different position. so i think the european union should have a long-term strategy with engagement rather than containment of iran. and as the first step in this long term engagement, there's a proposal by the european parliament to establish presence in iran, actually in the form of a permanent delegation. secondly, it is pornd to know that the nuclear issue, it's only part of eu's relationship with iran, and this should be balanced with economic incentives as well as the question of human rights, which is very important for the european union and particular to the parliament. so the nuclear proliferation issues would be combined with these incentives. and thirdly, there's the question of the region's security, which is important for the europeans. and here i think we should at least support the confidenc

and unnamed u.s. official says that america was responsible for last month's massive cyber attack on iran the state of the art malware dubbed flame is said to have been created by the u.s. and israel to spy on and sabotage the islamic states nuclear progress or he's got a cheeky and has more. guides 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 kabul also 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 systems or in 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 conditi

u.s. and europe isn't pretty, at least according to credit ratings firm moody's. it cut the credit ratings of six big u.s. banks late yesterday, months after warning it would do so. but investors mostly shrugged off the worries even though the action threatens to make banking more expensive for customers. suzanne pratt reports. >> reporter: of the five u.s. banks downgraded by moody's, citi, j.p. morgan chase and bank of america deal directly with consumers. today, people were still trying to figure out what the move means for them. >> i'm familiar with the issue. i just read the headline l+s1 night. i wasn't that concerned until now. >> yeah, it's kind of scary, like i wasn't expecting to hear that. >> actually, it doesn't really change anything. you're not really making any money. >> reporter: experts say there's no reason for consumers to fret about the safety of their money. what they should be watching is their banks' bottom lines. some companies have already estimated the downgrades

u.s. banks are drawing up contingency plans in case they fail one of them is j.p. morgan which among other financial institutions was recently downgraded by moody's as max geyser and sees her would reveal later this hour the american giant would have been rated even lower without government support. there's coupling the jamie you know the congress. fellows the one. that you're not going to downgrade me more than two categories or i'm going to have to cut off all your jumping again and i'm going to have to make sure that your guest even get home today because i'm jamie up with a couple and you know this same kind of language you're wiretapping when you drop in on the mafia there's like so choky the dead fish go is saying that. that you could always get a bid rigging done in a certain period of time or is going to come over there to stream that you know it can be living much longer. three and four pakistanis now consider the u.s. anatomy according to a new survey published and american ties

the u.s. many of our efforts to promote clean technology is addressed in and in predict -- in an unpredictable fashion with funds and incentives that expired and come back to life and expire again. there is a lack of clear direction of policy that would allow industry to plan for the future. i believe the a consistent approach that we have been pursuing has put the u.s. at a disadvantage in competing with china for a share of clean energy markets, both at home and abroad. many in the u.s. argued that we should allow the free market to determine the fate of domestic industries. there is clearly truth in that suggestion but it fails to take into account the industrial policies and practices of competing nations as well as hidden costs in the current energy system. the u.s. cannot compete on a level playing field with countries that have strong industrial policies when our own policies are inconsistent and erratic. in the absence of clear and coherent policies to support the development of clean

for a new u.s. administration and russia has always been one of the main concerns in terms of foreign policy the two countries have seen different periods of cool standoffs and thaws intention and know the future is uncertain again as americans are preparing for their presidential election since the very beginning has been good to get through it with russia rather than confronting it still there's been some issues like the u.s. missile shield in eastern europe for example which threaten the stimulative parity enlisted jest if the democrats take it will be more likely for the download to do one but if the republicans win another cooling is expected as they've already used and to rush rhetoric tearing the election campaign. but that's a very welcome to the show and you must be very good to be with this it's my pleasure to watch because it well some people to do it saying that one of the big problems in issues is sort of the intolerance maybe it's because the politicians when the leaders are becoming y

the u.s. defense secretary is wrapping up his first visit to india in a tour largely regarded as an attempt to shore up washington's influence in the asia pacific the strategy is being followed with caution in china as america challenges its growing military muscle and economic expansion reaction now from brian becker from the antiwar answer coalition joining us live on the line from r.t. washington brian the u.s. wants to see india as a partner in trying to contain china's influence in the asia pacific are there any risks for india if this irc spacing which it seems to be doing. well of course india and china have had three tragic wars over the past numerous decades i think india has tried to maintain a position of non-alignment during the soviet era it was a diplomatic ally of the u.s.s.r. even though it wasn't a socialist country itself i think what's happening is that the united states is not worried about china but trying to secure in the boat as a market for u.s. arms which are being sol

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 purchasing power it's as big as the united states second china is already the world's largest trade. treaty china is.

it's not only u.s. bombs that fly in pakistan but also the stream of demands and accusations from washington there are several things that where asking the pakistanis to do more and better number one they've got to do more about the safe havens inside their own country even ridicule the u.s. defense secretary has laughed at pakistan for being in the dark on the bin laden raid the. literal in washington's rhetoric now suggest that during the decade of war in afghanistan pakistan had been there milf instrumental ally in the region the united states could not have had secured afghanistan in three weeks with minimum cost in terms of money and in terms of in terms of the lives of its soldiers that would not have been possible without fox and the assistance and help three sentiment towards the alliance with the us has fueled domestic insurgency in pakistan hoxton has lost about somewhere between five thousand to six thousand soldiers and paramilitary soldiers but more than that we've lost more than thirty fiv

over the years u.s. cooperation has grown in addressing this and other trans national challenges through engagement, assistance and training. currently we are working with the government to develop and expand our narcotics counter operation with a goal of targeting organized traffickers, bringing them to justice and decreasing the flow of narcotics. i will work to combat the flow of narcotics and other goods. it is also the poorest country in central asia. the people in the government are working to improve their economy and aspire to become members of the world health organization. i will work to develop agricultural sector and improve the regulatory environment. if confirmed i will also continue encouraging it to take steps necessary to attract u.s. companies to help develop and diversify its economy with american goods, expertise and services. secretary clinton visited in october of 2011. during her visit she met with the citizens from all spectrums of society from human rights activists to members of

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

the u.s. has withdrawn a negotiating team from pakistan after failing to reach a deal with the pakistani government over the reopening of nato supply lines for troops in afghanistan the apparent stalemate is the latest sign of rising tensions between pakistan and the united states. last week defense secretary leon panetta said the u.s. is losing patience with the pakistani government over its failure to crack down on militants. pakistan closes supply routes to troops in afghanistan after a u.s. air strikes killed two dozen pakistani soldiers last november. the u.s. has refused to apologize for the attacks, an unnamed u.s. official recently told the associated press u.s.- pakistan relationship is "the worst it has ever been." ousted egyptian president hosni mubarak is reportedly in stable condition after reports of a severe health crisis sparked rumors he had already died. mubarak was said to be slipping in and out of consciousness and experiencing severe depression, and reports doctors at the

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

the u.s. has withdrawn its negotiators from pakistan after talks failed on a deal to reopen key nato transit routes is a number that imposed a blockade on nato convoys in november last year after an airstrike by the military alliance killed twenty four pakistani soldiers the pentagon's team has been in pakistan for about six weeks but no progress has been made well let's discuss this now with case and it is an editor at antiwar dot com he's in michigan in the u.s. just how much of a blow is it for the u.s. that they failed to reach an agreement with pakistan. perhaps not as big a blow as it would have been a couple of years ago before they'd secured the alternative routes through central asia to russia but i think it still is a significant one because of course the pakistani routes give them access to the sea and they're much more cost effective an end to the u.s. drone campaign was a key demand of pakistan in exchange for reopening those supply routes why is the u.s. so adamant that it won't

the u.s. says they are effective for weeding out insurgents. pakistan says they're killing civilians. now the united nations high commissioner for human rights is weighing in on the matter. patchari raksawong at our bangkok bureau has the details. >> high the high commissioner expressing concern over the reason spate of u.s. drone strikes in pakistan. she questions the legitimacy of the u.s. military operations. the united states is pressing ahead with its drone attacks in pakistan saying the aim is to eradicate al qaeda, taliban and other insurgents. but the pakistan government doe deannoun denounces the ire strikes. >> drone attacks do raise serious questions about compliance with international law. i'm concerned by allegations of very grave violations in the context of counter terrorist and counter insurgency operations. drone strikes by the u.s. have casualties in pakistan and fueling anti-u.s. sentiment among its people in the government. >>> the united states says the time has come for p

this whole problem of u.s. and nato military operations both air strikes and night raids is a situation that has caused enormous opposition from the population particularly of the population in southern afghanistan the. region of the country are to increasingly oppose the presence of u.s. and nato forces if you look at the casualty figures for civilians and you compare them with the level of foreign troops operating in afghanistan you can see that there's a direct correlation between the two and the more u.s. . nato forces particularly u.s. military forces are active in a particular area the more civilians are going to be caught up in the fighting so been in the exact opposite is really the reality of the claim but the united states could ever protect the civilian population. well still to come for you in a program the pirates riding a wave to success there is mutiny on the political ship in germany as a pirate party uses the economic crisis and a friendly face to take the first step on to the latter to power p

although the u.s. banking system has a small and i think manageable exposure to these problems in europe, there is linkage there nonetheless. and so investors have every right to be concerned. >> susie: but in spite of that you still are telling your investors, your clients that if you are going to invest money the best place to be is in the u.s. and i just want to ask you on that, we're coming up on corporate earnings season and one things c.e.o.s will be asked a lot about is their exposure to europe and won't that also be a drag on u.s. stocks? >> it sure will be a drag on u.s. stocks but on the other hand it's important for investors to keep in mind that corporate c.e.o.s and cfo had years to figure out what their contingency plans are going to be in the face of this european problem. and so many of them have already taken drastic measures. in particular, in the u.s. banking system. i would just point out just a couple of numbers for you. in the last 12 months the u.s. stock market return of 6%, a l

u.s. and its western allies are pushing for sanctions against the assad government now this is been a campaign ongoing for months now with the u.s. pretty much leaving it trying to get russia and china to agree on international sanctions against president syrian 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 civil war in syria can be a game changer within the security council in the days ahead you have to remember the ninety day mission of three hundred unarmed observers in syria was adopted under the idea that there would be a ceasefire in syria if there is no ceasefire what is there left for the un observers to be monitoring next month this ninety day mandate for this mission the u.n. syrian mission expires and council members may not be willing to re

treaty china is a net creditor to the world it finances the u.s. and the u.s. is a debtor today and over the next ten fifteen years all these numbers are going to go all in china's favor so the china is going to become an even bigger economy than the u.s. . the u.n. chief has rejected calls from syria's rebels to impose a no fly zone over the country to help bring down present i said the demand for the statement from the point saying they're no longer committed to the international troops plan proposed by special envoy kofi annan the rebels claim dozens of government soldiers were killed in clashes in the taxi security checkpoints over the last few days. comes amid growing voices from the u.s. and its allies and action that follows reports of plans to set up refugee camps along the syrian borders run by the military something which will only bring no bloodshed going to release program. i think it will actually increase the likelihood of revenge killings kind of sectarian tension along mixed areas where. races would start to happen and it would start more and mo

sanctions the u.s. cannot expect to declare unilateral sanctions every every time and expect the world to to put up with the hardship of the world carries on and does its own business and does what it's right for for its markets. right so you've painted a different picture to what everybody's obviously thinking is happening in iran in terms of the sanctions and in terms of oil by now if the united states is that they've promised that sanctions against any country that continues to buy iranian oil apart from the ways that it has made exempt what it did actually sanction china do you think. no the u.s. cannot sanction china because china holds three trillion dollars worth of u.s. bonds and dollars and china could quite easily get back at the u.s. . a different variety of ways that will happen also the u.s. market is the biggest buyer of chinese manufactured goods so that deal is not going to go down and if china and india refuse this it would have been a nonstarter from the from the very beginning so perh

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 today and over the next ten fifteen years all these numbers are going to go in china's favor so the china is going to become an even bigger economy than the u.s. and even bigger treated in the u.s. . the u.n. chief has rejected calls from syria's rebels to impose a no fly zone over the country to help bring down president i said the demand for the statement from the fighters saying they're no longer committed to the international truce plan proposed by special envoy kofi annan rebels claim that dozens of government soldiers were killed in clashes and attacks on security checkpoints over the last few days the violence comes voices from the u.s. and its allies for armed action that's amid reports of plans to set up military camps in syria something which will only bring more bloodshed according to a middle east blogger. i think it will ac

u.s. and its allies also acted without authorization from the un security council when it launched a seventy eight day aerial attack on yugoslavia in one thousand nine hundred nine nato starshine war against the federal republic of yugoslavia serbia and montenegro . serbia for seventy eight days occupies kosovo and this doesn't have you an authorization until the very end the us again disregarded international law in two thousand and three after the security council refused to support a military strike on iraq they withdrew their new additional resolution rather than face defeat clearing it is their argument the way for a military campaign without any new u.n. approval the united nations security council has not lived up to its responsibilities. so we will rise to ours is not in conformity with the u.n. charter from our point of view and from the charter point of view it was in the by circumventing international law for geo political interests experts say the us has systematically damage t

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 performae as sretary, anthat 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 going

. >>> commerce secretary john bryson now on the ocean's role in the u.s. economy. he says the u.s. should join the law of the sea treaty defining the rights and responsibilities of nations in international waters. it's part of the national marine sanctionwear foundation's conference. this is 20 minutes. >>> good morning, everybody. welcome to the 12th annual capitol hill ocean week. it's wonderful to see many familiar faces. it's equally wonderful to see many unfamiliar faces. i want to invite those who are joining us for the first time. my name is jason patlis. i'm the president and ceo of the national marine sanctuary foundation. to kick off the month, president barack obama officially declared june as national oceans month the other day. and as he seems to do year in and year out, he once again foreshadowed a lot of the things we'll be discussing over the next few days. in his proclamation, the president asked us to, and i quote, celebrate our heritage as a seafaring nation. and that is what this year is all about, how we're fundamentally a maritime nation. from our earliest ori

yeah well the irony is a lot of the soft power instruments of the u.s. at the disposal of the u.s. were caught under clinton and then so straight away the u.s. is capacity to. engage get out of 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 much more to discuss many thanks to my guest today in washington and in london and next to our viewers for watching us here see you next time and remember cross talk with us. if you. want.

the u.s. and its allies are preparing for syria's transition of power the white house says president assad handing control to the opposition will bring an end to the fifteen months of bloodshed a number of western and arab states have long been pushing for regime change while assad has maintained his nation's real war comes from outside meanwhile reports of a merge suggesting britain is planning to set up camps in syria with troops in agents will help the rebels fight against the government. believes that would only make matters. i think it would actually increase the likelihood of revenge killings kind of sectarian tension along mixed areas where. revenge operations would start to happen more and more people and i think syria now is that tipping point where the conflict can be pulled back from a. sectarian civil war to kind of some form of political framework but once there is actively groups on the ground in syria and whatever kind of formula they are there they are likely to increase the pr

why would a u.s. presidential hopeful mitt romney make an appearance at this year's top secret building her conference known for being anything other world movers and shakers that's the gate with us. and where all the running beast it's been discovered that thirty thousand years ago the stone age people were using animation techniques in their cave drawings creating an impression of animals moving. while the european commission has proposed more control of banks which means they would come under much greater central oversight of this comes after financial institutions of europe's economic bastiaan germany felt the global european squeeze following the downgrade by moody's on wednesday investment advisor patrick young says europe is now paying a high price for turning a blind eye to problems which a blog existed. we've really heard the truth that i think many in finance knew all along buying such as commerce spike they build themselves up by huge portfolio where they thought they were being very very c

u.s. interest in julian a son takes a sinister turn as his contacts are harassed and interrogated in a pirate attempt a fish out information about the wiki leaks founder. moscow and beijing continue to cement their strong ties as day one of the theme of putin's visit to china reaffirms their shared stance on a number of international issues. and as egypt braces for a million strong protests calling for mubarak's execution the muslim brotherhoods accused of capitalizing on people's anger to sweep aside their presidential election rival. hello this is r.t. it's six pm here in moscow now my name's kevin zero in with the top stories for you this hour and first with just a week left for julian assange has lawyers to challenge his extradition to sweden it seems u.s. authorities already have the knives out for the astray and the wiki leaks founder as program here on our t.v. has apparently awakened the interest of the f.b.i. with one guest on the show even stopped and interrogated by agents he's

u.s. bin laden's death 13 months ago, the u.s. has carried out nearly 100 air strikes in pa en topan and yemen, killing more american-ben top terrorists, including american-born cleric anwar al-awlaki. al-awlaki was the operational leader behind the recent bombing plots out of yemen targeting u.s. aviation, but officials say the loss of al-libi is equally significant. one u.s. official says al qaeda has no one on its roster who can e.me close to replacing al- -lbi's expertise. whi killing of al-libi adds to hae tensions between the u.s. sd pakistan which continues to nowand an end to drone strikes. hey'res. officials have made it clear, scott, when they have a shot at a known terrorist who milents a real threat, they're going to take it. >> pelley: bob, thanks very uch. john miller is a former assistant director of the f.b.i. ntd a former assistant deputy director of national ontelligence but is now a senior it meandent here at cbs news. john, what does this mean to al qaeda? >> it means a couple of things. one, by losing their nu