see how the work plays out in syria like gayle all cities . no i think that europe should not finance the war in syria and it is exactly what europe is doing today. europe with the united nations well obviously today we see european states shamefully financing terrorist organizations that are there for the sole purpose of overthrowing a power in place the legitimate power of bashar al assad which is a legitimate power in a country where everything was going well before the foreign invasion because that's pretty much what we have today in syria it's not civil war but a foreign invasion in syria one is trying to destabilize the region and i don't have to tell you who is of course behind this project if syria folds and other muslim countries has fallen in the few last months well this will be a positive for israel and positive for the united states and its allies and the loser will of course be a wrong that we absolutely try to isolate by all means on the international scene so there it is me i'm not for us doing humanitarian work well i think that first we should be humanitarian in our

america or asia or europe will not distinguish in the market stalls. knows the fish is good but if it is been fished illegally or not that does not concern the consumer but of course this is not easy and the european union is doing all it's get but don't forget that this is just another player on the global chess board and let's not forget there is great resistance and huge interests great now in our effort to form and. which will respect all that you mentioned the sustainability of the sea is meant by a lot of opposition. these are all words. at the same time the ships are in the ocean every day today we are trying to establish an economy of subsistence. states of west africa from guinea bissau descent. so if we are in such a state of poverty. they have been flooded by drug dealers going to ship is arrested here not by chance but. it is carrying two tons of cocaine one or two kilo. so that means the drug smugglers comes to these states because they are in misery err but we are governed by puppet presidents who do not care for the development of society either for education or health of

way to do that is to seize all. imports to europe. also has deposits in marine life deposits in january imported to europe must be a certificate which credible to certify people that they are not the product of illegal fishing and that they have been caught according to the regulations with what you. think you are voting illegal fishing certificate is. official legally have networks that bypass all. allow them to sell in the european asian and north american market fish that has been caught illegally in the consumer from north america or asia or europe will not distinguish in the market stalls. knows the fish is good but if it is been fished illegally or not that does not concern the consumer but of course this is not easy and the european union is doing all it get but don't forget that this is just another player on the global chess board and let's not forget there is great resistance and huge interests great now in our effort to form a new policy which will respect all that you mention the sustainability of the sea is meant by a lot of opposition. these are all words. at the s

russells. europe's top politicians often have their sights set on too. whenever important decisions have to be made about the eu, they call a summit meeting. >> the year was 1990 seven when a climbing party of five countries embarked on their ascent of mount europe. their mission was to conquer the summit in luxembourg. in hindsight, it was an adventure to remember. >> some countries were faster -- slovenia, hungary, czech republic. estonia, i think, as well. but the others -- i think the status of those countries was stimulus for the others to proceed faster. >> for example, cyprus, who caught up as the summit loomed on the horizon. the first task was to meet the economic and political conditions. they needed a solid base camp with stable democracy. their guide, the european commissioner for enlargement at the time knew it was an ambitious climb, and he had to convince the long-term summit dwellers, above all, france. >> the point was not that they rejected the idea of new members or that they wanted to deny particular countries access to the eu. the concern of the french was rathe

europe where we have in france and germany very interesting opportunities. >> do you think we'll continue to see the growth rotation away from some of the developing markets into developed markets this year and beyond? >> well, i think over the next 10, 15 years we're going to see it. along the way we'll have years where it's all three or four years where the pace is different. i think if i was guessing in 2014 funnily enough for lloyd's i'd see us having good prosecpes for the united states and europe. we're continuing to increase our footprint in emerging companies but that will take time. >> you've insured the first vault to protect bit coins. >> the answer is i couldn't possibly comment. >> no comment, i'll accept that. thank you so much. >>> now russ i was talking to you about the potential for china's shale boom. we're going to talk to the top expert in china about the potential there and whether or not china's government is investing enough in energy security for china, that coming up very shortly. >> we'll wait for that. thanks for that. head online for more coverage of t

not consider europe as but thateneous area, all the countries think and act at the same time. the countries of that understands the necessity to continue to contribute 2% of gdp to defense and who actually does so. when i became minister in 2012, it was the first year that we contributed 2%. we will remain at that level. is toggest difficulty sustain that level when many others do not respect their commitment. importance that 2%.nato summit reaffirm the we need to keep this as a goal. stating this goal will not instantly changed the defense budgets in europe. versa, it will that benchmark- and will bring additional cost. at the summit, nato must reconfirm its commitment to --. and --ticle five article. the baltic region is the only military's or the strategic balance is not favor the allies. because of our good friend, russia. ensure nocontinue to outside powers tempted into making a miscalculation. the good work we have done in demonstrating political unity and decisiveness must continue. contingency planning and conducting exercises on a regular basis, second, sending an ambitio

twelve the country should the mists repeating year is what products to the us and europe a state governments trying to sooth the mall's anger over a one point six billion dollars cost overrun in the expansion of the panama canal work that is key the passage of new generation super tankers but a consortium led by spanish builder sassy years threatening to stop work last president doesn't pay extra plans to expand the panama canal have hit a snag. speedo for cost overruns has pitted the panama canal authority against the building consortium carrying out the work. at state an additional one point six billion gallons both express your work with ss and up to ten cents or even might be normal for about three hundred to three hundred and fifty million dollars lower however we're talking about something off the scale. it went on talking about five or ten percent increase that to john about fifty percent of the job. it was off by fifty two cents when they did to him for the world. in two thousand and nine the building consortium made up of several international construction firms won the

stressed with peak traffic. but if you look in europe and canada for that matter, there's almost no freeways in the large cities, in canada they stopped building them back in the '60s. and one of the reasons for that of course is in canada there's no national highway program, no national transit program. so they spend things -- they spend their own money on what they think will add value to the cities. so all the cities in canada have good transit and somehow miraculously, all the roads connect between provinces without an interne interstate hy program. and in america, our roads don't work well in a crisis. >> how different as mayor norquist mentioned and even our north america neighbor, canada. >> i think that's an interesting question because we tend to think of the united states as the distinctis distinctively sun nation. that may be one of the ways the united states may or may not be exceptional. the first nation to reach a kind of suburban majority if you want to measure that. we urbanize a little later than our comparative industrialized countries and it was oant the 1920 -- o

paper, there was not a single mention of europe, whether there was any menace from europe. whereas our two featured authors today have so masterfully chronicled -- a quarter century apart, but nevertheless currently -- the seeds of a world war were germinating. europe was building toward a far broader and more deadly confrontation. so to examine all these roots, it's my great or pleasure to welcome margaret, and her new "the war that ended the peace," as masterful as describing the words denouement in paris. very close to my own heart. and on the far side robert who's -- i won't actually lift it, but that's the book. of. [laughter] a -- it's masterful, i must say. and it, of course, showed how the great war truly paved a way towards understanding the great current that we're already building in europe. and, of course, it's been a great passion of mine, especially finish much of my life, in fact, since college. especially my last book, "a shattered peace: very vie 19 -- versailles 919. and that's coming out just in time for the anniversary of the start of the war next summer. speaking o

values chrysler at 10. 5 billion dollars. autos are quite an interesting sector in europe this year, up 38%. what do you think of that? >> i'm not sure that's necessarily sustainable, given the overcapacities that the european car sector has. >> resources, the worst performer, down some 40%. are we going to do better, do you think, for resources? >> i think they can do better, but we've got a very odd on situation in resources, haven't we, because the monetary easing or that extra liquidity pumped up resource prices and gave the wrong price signals. now we've got an overproduction, if you like. so if we get the significant pick up in the global economy, resources could do better this year. >> but this desire we have central bank liquidity helping and global growth slowing, which is a negative. this year, we might get a reverse, we might get some better global growth. >> yes, that's true. so the central banks should retract and pull back, but the thing is, with so much private money still parked on the sidelines, we may see liquidity surge nevertheless as more money comes back into t

." the next 17 pages of that day's paper there was not a single mention of europe. whether there was any menace in europe whereas our two featured authors today have masterfully chronicled very currently the seeds of a rural world war would that were already germinating. the second balkan war had just concluded to set the stage of that in europe is building a favre rotter and more deadly confrontation. to examine all these routes is my pleasure to welcome margaret at his lead up to the conflict in her new "the war that ended peace" as she was describing the world in paris and look close my own heart. on the far side robert. i'm not sure if i can lift it but that is the book. [laughter] it is masterful i must say. it of course showed how the great war paved the way to understanding the great current that we are building in europe. and of course it's been a great passion of mine especially for much of my life in fact since college. especially my last book and shattered peace and that's coming out in the new addition just in time for the 100th anniversary of the start of the war next summer

europe. secondly i think the future of europe whatever its short term difficulties. the rationale for europe's strongest seventeen. and that you're actually benefits from britain's membership of the european union. sadly i think you're it does have to reform the brick instead of putting full with the reformed case as an active partner in europe. in all this threat. the weekend getaway we leave. i think actually grip it is withdrawing from europe right now if you are. he was to sing reserve it to two different levels this year it is an idea and is europe as translated in its institutions its institutions of them i would on all popular in the uk to help up to probably lots parts of france and across europe to think is doing is drawing you into a euro scepticism. yes i think at the moment it is tiring but i also think he sees the challenge to overcome because in the end it would be crazy to britain to leave the european union mean we we. as you know a lot of traders with europe. in today's world. what you call china and india. countries like indonesia three times the size of gemini f

ground the guy who was arclight jamila bey as he at the end his whole adult life basically in europe and in canada and there was really no reason why college educated guy was fluent in german and english and french and i should be sent home . and probably trapped there unable to emigrate because of the stigma of the future of some of those released over the years even more questioned and increasingly grim as media claims surfaced that the cia might have reportedly been engaged in recruiting some of the prisoners as double agents in exchange for freedom our job here is to do the safe legal humane and transparent care and custody of the detainees while an alleged tug of war between the president's will to shut the prison and congress resisting this is officially used as an excuse to avoid simply closing the place down despite obama's personal promises to do so i think the only reason he can get away with that is by portraying it really as a credit mess you know as if this was somehow harder to do now that it was five years ago he was the president but politicians human rights organizat

since that has such an impact on if health of the u.s. economy. have you just been recently in europe. you did a trip to china and japan and asia a couple of months ago. you've been counseling the europeans to spend more domestically as opposed to export. that sounds like john snow saying the same thing to china a few years ago you need to build up your domestic economy. the germans said leave us alone, mind your own business when you said that. can you walk through what is happening starting with europe. is the crisis abating to the point you can see growth? >> i think if you look at europe now compared to europe in 2012, there has been a huge amount of progress. we don't have to worry from day- to-day about a half dozen countries. but they are not completely out of the woods. they are looking at having turned the corner from minus to neutral or small positive. there is inconsistency as fragmentation in the financial markets, there is different rates of potential growth in different countries. our message in europe has been that you need to do what you can do to get overall growth in

compare free to chime in consumer eastern europe construe a city when we all else fails the ski with his two week it is the cells of europe italy and spain on the new good friends is just ok. union is doing good. john is doing extremely well and the rest of the northern europe is doing very well as well so i think it's a matter of economic growth and lincoln goes to good use of all of europe ended so quickly and asked the sales tools to kick off here and from the post christmas sales it's the greatest tools we can move to schools they say that topic so far has been slow uses the same for you know we've been up to the decree being very aggressive in to discuss future summons up today you would see monica minus forty fifty sixty percent off we've never done that and thought to quickly as high as sixty percent off on a first upscale o's can say though that when you know oil prices that much does not mean that you also need to be an entomologist is that a dose of stupid there's no trust no man is either you want to have a pretty new and then you cut your profits. and sti because i'm achi

another issue you know you were close to saying here and doubles that europe should we. it should be reclassified as an emerging country. its stocks a few headlines. what's he thinking what you mean what comes to guys who requested for it the legends mean that europe is an emerging country. so that it wasn't like we were more trouble getting one. she europe to re emerge. to install an emerging to what awaits when knows what he is an emerging country to call so that china is emerging country. to be an emotional problem. looking to get to her. this ensured that we may call center has emerged. my aim is to choose. we need the euro can be read in the minors europe needs to reinvent itself. what does that mean practically between me and the two wheeled to washington know what we have. how we can improve it. a single sentence things. we should reinvent old mobile. we singles what we can produce could be competitive. total gold. no country is emerging which will be caught reading it was us all what we'll be in use while giving the same whistle was greeted with the old course. gorgeous too.

about europe. you are here. you are thinking that the countries that use the euro will see 1% growth over the year in 2014. if that's fen with us and we have serious structural problems here in europe, give us an update on where you think europe is. >> europe has gone a long way away from will the yoeuro joan break up? is it still worth it? they have passed that stage. they have taken some real serious steps in the direction of banking union. they are not there yet, particularly in backstops and, you know, common resolution systems, but they have made huge progress. they have now built this potential wall, the european stability mechanism that they can erect in case of problem in any parts of the zone. so those things are good. there seems to be a common drive towards more integration and a reinforced political project. they still have a way to go, particularly in the area of structural reforms, which some of the member states have done. this is a case for spain, for instance. did certainly is the indicates for ire land as well and a few other countries, but they all have a long way

are in a bubble. let's look at the trade today. the europe and turkish lira. turkish lira over the last 12 months, look at the rise. that is a record high for the euro and a record low for the turkish lira. i talk about this one because the question is can the central bank do anything about this. >> they are the most upbeat on the world economy in any time in the last five years. 59% of those surveyed said that the economic outlook is improving. joining me with his thoughts on the potential, let's welcome rick. he is a global investor with state street and has more than $2 trillion of assets under management. it is great to have you with us and we took a poll of everyone in the world that is bullish. you are upbeat at state street as we start 2014. but we think the global economy is improving. -- >> we think the global economy is improving and you have to cause a little to say how can we be contrary and? are we missing something? >> the poll was on equities last year and equities was more than 50%. you say that it is about diversification and you like equities. take metrarian view

. will hit theople slopes. coming up, we have the former commissioner for europe house digital agenda. don't miss my conversation with neelie kroes. keep it right here. >> welcome back. you are looking at live shots of the world economic forum in data posts. in switzerland francine lacqua andingling with the elite the top of the global industry. that is going on there. on's tell you what is going in the markets. for unemployment data. there is a high degree of uncertainty in china. -- addy and liquidity money and liquidity. let's talk about some of the companies on the move. fourth quarter earnings were cut in charges. the company said its net income was heard i add additional restructuring charges. they will report for your results for abb. much they will get from the sale of nokia handset units to microsoft. is scheduled to report earnings tomorrow. itscited challenges at serving unit as one of the reasons the profit fell last quarter. isis the same unit lenovo said to be pursuing. talks are said to be resumed over the sale of the business. breaking news overnight. el-arian has now

i joined the company. i was in europe for so long and you could not buy a mustang over there. i never understood why not because everyone loves them there. you will now sell this worldwide right when your biggest competitor comes out of europe. you're going in there without -- all of the products you want. what does that mean for ford? sellr products we everywhere. what is cool about mustang is is it -- it is billed for the roads. the acceleration and the balance of the car, the europeans will love it. i was introduced in barcelona. we have a right-hand driver. it means we can sell it in the u.k. and other places that have right-hand drives. it will be a world car. you mentioned you cannot get them before. dealers used to gray market them in because they wanted him so badly. >> another headline grabber. ford unveiling its new pickup. this thing is made almost entirely of aluminum and not steal. >> this is a big departure. aluminum body, military grade aluminum. everybody knows that will take a lot of weight out. better fuel much economy. what people are missing is the capability

over to my colleague. >> the nba is coming to europe. we will look at the game coming up tomorrow when the brooklyn nets take on the atlanta hawks here in london. and more broadly, the globalization of sports. the starts at 7:30 this morning and that countdown. the ceo of the brooklyn nets. he is leading the charge to take the franchise outside the u.s. to global markets. later, we will look at it from the perspective of formula one. >> thank you very much. reiterate, don't miss our interview with yormark. ryan will be there. >> coming up, the world has look to asia for growth. our next guest says the tide is turning. find out why he expects the asian growth engine to stall. in the latest world bank report. ♪ companyfor today's news. general motors has appointed a new chief financial officer. they also said they will a point a dividend of 0.30 cents a share. the u.s. government stepped in to save the automaker back in 2009. they are selling one million shares in an offer of square. that is according to people with knowledge of the deal. and china's biggest smartphone maker says

time. europe's top politicians often enough then cites a tight too. but now that important decisions have to be made in the year. they call this coming week. i knew ratio was nineteen ninety seven when declining cardio five countries embarked on their ascent of mt you. their mission was to conquer the summit and oxen. in hindsight it was an attention to remember. sometimes it is so water water plus the slovenia hungary poland czech republic to use on the icing has led to name but the others seemed to the state of soul although stunt that is was the stimulus the forty odd that the suit to proceed five cents. once all those cyclists who called up as the summit on the horizon the frost costs for the braves six must meet the economic and political conditions to accede to the dizzy heights of eu membership. they needed a solid base camp a stable democracy and respect for the rule small. that guy can to some like in most european commissioner for enlargement it that i knew it was an ambitious going. and he has to convince the momentum summit blunders apostle frauds. nice to see opposing vi

from europe's economy to extremist clinical parties. -- political parties. >> and google pays $3 billion for a digital thermostat maker. good morning, everybody. you are watching "the pulse." we are live from bloomberg's european headquarters in london. >> this is what is coming up on the show. says it will start building the first suv since the 1990s. >> the original suv was called the rambo lambo. and detroit's top five, inside access to the hottest vehicle being unveiled in motor city. that is coming up later on in the program. >> how could you not want a car like that? i would buy adjust just for the name to say i have a rambo lambo. >> we begin with the news conference that europe is waiting for. francois hollande is set to give a major press conference later today outlining his political priorities. of course, the elephant in the room is his alleged affair with an actress. >> he is polling higher after those allegations surfaced. caroline hyde is outside the palace. difficultg to be very for him not to talk about what everyone wants to know, what is going on in his private

indeed free movement within europe and you know been quite beneficial to the u.k. economy despite the politicians tough talk in the tabloid headlines fears of a flood of migrants have been dismissed as nonsense and according to remain in officials most of their countrymen would prefer to live in spain or italy anyway. judging by the weather here who can blame them. i see london a writer and journalist john white believes it is wrong to attack the migrants because it is a two way road. oh the available evidence is that the migration to britain has been an expose of both in terms of cultural enrichment and economic investment if you just take the health service for one example we are a national health service we would be nonexistent with migrant labor all levels of skill nurses doctors consultants and clinicians we have to remember that one point six million britons british nationals are working through the u. and they enjoy the benefits of that so if we start setting up you shouldn't draw benefits from migrants we can expect a quid pro quo. we modern europe is to tough economic challen

york times." the next 17 pages there is paper not one single mention of europe that there is any menace from europe. where our featured authors today have so masterfully chronicled the seeds of the real-world four were already germinating. it has concluded to set the stage and now we look brodeur with a deadly confrontation. so it is my great pleasure to welcome margaret macmillian and master chronicler of her new book "the war that ended peace." describing from paris and it's very close to my own party and on her side robert , i will not lifted it to but that is the book. [laughter] it is masterful i must say. but it's of course, show how the great war paved the way to a great understanding to what was already building in europe. also a great passion of mine since college especially -- a specially my last book that is the new dishes just in time for the 100th anniversary for the start of the war next summer. speaking of which coming there are many ways to approach but fundamentally they come down to personalities and integrity. of want to start a quotation from duke robert. dipl

. he's a portfolio manager at janus europe fund. we hear from christine lagarde. deflation is something that is less worse -- much worse than inflation. is there a danger the european central bank is taking it too lightly? >> i think what they're doing is prudent. they are establishing a lot of monetary ease, but they are focused on monetary transmission. $10 trillion in the last five years across all central banks, and all of that money is being parked in bank reserves. it is not productive. it is not reaching the sme's, and the businesses that do employment. what draghi is fixated on is really trying to accelerate monetary transmission. >> it is also a mandate. he can go a little bit beyond what people thought he would've done on the basis of that. when you look at deflation, if euro,ok at the high certain days, we look like we are in danger of becoming the next japan. >> absolutely. but i think there is a big difference between europe and japan. this is what i want to accentuate today. once you migrate away from the economy, which has fits and starts, although let's be fran

for equities in 2014? >> absolutely. our call is that europe will outperform. we see a further upside in europe. japan may be the surprise in 2014. we have seen a rally in europe and the u.s.. what we haven't seen in japan is a re-rating rally. if people buy into this and start to see these reforms having a positive effect on inflation and earnings continue to improve, then we could see japan surprise on the upside in 2014. >> you are expecting globally to see, would you say a sluggish recovery? >> absolutely. if you look at the u.s. growth over the last 40 years, there has been a secular slowdown. we are seeing sluggish growth globally for this year and next year. it is more of a return to trend growth and fairly sluggish growth at that. it is not an amazing economic recovery but i think we could see equity outperform in 2014. maybe not as much as we saw in 2013, but still a good performance. >> i hate to be such a killjoy on the second of january, but what chance of an equity crash? equity markets came a long way in 2013. in the last trading day of 2013. we seeance that something th

confidence in tech stocks and the tech situation in europe. it is about growth in europe and growth in the states. look at two movers in europe. sap up 1.3%. cap gemini is up around 2.3%. stocks in the european tech sector are moving as a result of this. a story this as not about just infosys, but another macro trend that shows slightly positive direction. the crisis in europe is over. there is a little more spending. almost mores to be spending taking place in europe than in the united states. the united states is still strong, but we are seeing a little bit of strength in the macro trend story. sourcing, think about it must be a lot of british companies that do that and maybe something easier from europe just because of the regional closeness. fair point. take a look at the breakdown between growth in the states and growth in europe. the percentage of sales is almost a quarter of their annual sales. it is almost down a little bit to 60%. you saw a one percent uptick in downtick in the states. there might be a slight re- ifghting towards europe europe's recovery is indeed taking ho

reach to be fully implemented. in terms of the trade relationship with europe, at some point we will have three bilateral trade agreements with the european union. it is important for mexico that those are the benefit of the north american region. we think that is in the best interest of canada and u.s. as well, and we will work to ensure those negotiations further increase the north american competitiveness with a view eventually to having a more integrated perspective from north america and the european union. > thank you. a question from the canadian press. >> my question is on a bilateral matter. canada-u.s. issue, the case of pipeline. last february, secretary kerry, you said you were hoping to be in a position to offer a decision on keystone in the near future. it has been almost a year. since then the canadian government has said it would not take no for an answer on keystone. this week your canadian interlocutor is in washington and has repeatedly asked for a decision because apparently the uncertainty is becoming untenable for the oil industry. i would ask you to answer your

was not a single mention of europe. where's our two featured office today have chronicled -- very currently, the seeds of the real world war i already germinating. europe was building towards a far broader and more deadly confrontation. su-27 all-district is my great pleasure to welcome margaret, her new book, "the war that ended peace," as she was describing the world the most in pairs. and on the far side, robert, -- [inaudible] is masterful i must say. it of course showed how the great war truly proved the way to integrate current that were already building in your. and, of course, it's been a great passion of mine, especially much of my life since college, especially my last book, coming out a new edition just in time for the ones anniversary of the actual start to the war next summer. speaking of which there are many ways to approach the great turning point. fundamentally come down to personalities and historical imperative. margaret, in your new book i want to quote something on how you start off. of code of few words. a few generals, crowned heads, diplomats or politicians

it to be in the 3% range and it will build from there. if congress raises the debt ceiling, if europe remains stable and continues to expand a little bit, i think we could see growth in the 3% range. >> that's a lot of ifs that are in that equation. we've thought this before only to have springtime see things fall apart. what's in store for the economy this year? >> i wouldn't say things fell apart. i'd say we've gradually been healing. 2013 was about the same as 2012. given the fiscal adjustment and the end of the payroll tax cuts and the sequester, i think that's a sign that the underlying economy has been healing. you see signs of that when you look at the housing sector. it's really turned a corner. we're finally seeing state and local government stabilize. >> if you look at the unemployment rate it is down 7%. if you look at budget deficits, we've slashed those. why does this still feel like we're stuck in a pretty lousy position? >> 7% unemployment rate is too high. we lost far too many jobs in the great recession. we have a long way to go before the economy is back to full heal

true? >> well, it's been a fraught process, steven, as to the extent to which whether europe if you like will come the central african republic's rescue if you will there is an important meeting in brussels. there are hopes that there will be some sort of commitment for sending more troops. let me give you an idea of the numbers. there's a roundup to 5,000 of african troops. and some french troops. that's a drop in the ocean of a vast country. whether they will be helped by more troops, it is fit to say that is a sincere hope of the beleaguered generals on the ground. >> thanks barnaby. >>> south sudan's army saying it is ready to take the important town of malacal. keeps changing hands, the conflict of south sudan has been fought for weeks, between forces of president kiir and former vice president. >> nothing is left standing, everything is burned. i'm going to introduce the governor of jongui state. describe what you have seen today. >> after going around, found lot of damage, lot of destruction. all the government offices are diswroid. they have destroyed all the computers. all

preparing to muster 500,000 troops into europe and the war against the major power. president wilson had given an ultimatum to the nation's head of state but we didn't go to war at least not then. that major power was on this side of the atlantic and posed was the great men s, so i found this on the front page of the times and the next 17 pages there wasn't a single mention of europe so masterfully chronicled proceeding to the real world war. the second had just concluded the second stage and now you're up had deadly confrontation. so it's my great pleasure to welcome margaret and hear the war that ended the peace as she was describing the close to my own heart i want to make sure we left -- [laughter] >> it paved the way towards its understanding but we are already building in europe and of course it is a great passion of mine especially college and my last book a shattered peace the enterprise suite eight today and that is coming out in the new edition for the anniversary. speaking of which there were many ways but fundamentally they come down to the personal to become personalitie

population is over 7 billion people, desperation in immigration to europe, better resource nationalism because it will fail to produce employment, i wonder how vulnerable do you think a retreat from global trade alliances, wto, return to resources that it -- nationalism, a wonder how big a concern you might see this unemployment and an ability to deliver jobs to you. >> my own view is you have a real challenge, a lot of the interest in the emerging markets in the last decade was driven by resources, particularly energy resources under the notion that we were in a world of sharp scarcity in energy resources. in fact, we are entering into a very different world in which scarcity of assumptions are being challenged if not replaced, and if you look at who is vulnerable to that, it is front years and particularly those where resources nationalism continues to have a lot of salience, nigeria, a lot of these countries are actually going -- following what are likely to be self-defeating strategies, you are even seeing some of that in brazil, brazilians are more likely to cost correct that the

and hear about the incident has swelled couple of hours europe and japan. states and france is not smoking days you don't even what francis always said if you sit on the beach located in the mandates that have been defiant european policy that the principles of. its agricultural policy and francis cultural exception must be. they complied with it was the secret is to be successful then write to the body into a show remained determined to give a shout out is that it's been a bit of stock. opening the market non tariff barrier is being abolished. encouraging saved all of his office he was worried that the world economy but the muscles a little wisdom with it and must be protected a roast in a money tree you feel because what is being picked up the assets to increase competitiveness school or get an office in seventh to donate it. on the same time to monday. the win. gore says second movement of capital cities the woods yet completely and i liked it when you stop says. all of those sacrifices and those investments. this is what possibly win a gold block the two of the issue of reformi

. >> europe and china certainly face a full set of challenges. i worry about complacency, governments that have never successfully forecast a recession a year in advance, that missed the 2007 financial crisis, that missed the 1987 stock market crash, t missed the latin american debt crisis and missed much more. i worry about how well macro prudential can really work on, though it's an attempt worth making. and i think much greater emphasis needs to be placed on making a system that is safe for ignorance can and court reportereporter error. and that means emphasis on capital markets, emphasis on liquidity, emphasis on strengthening the robustness of the system. the last time we had a great emphasis on macro prudential, it was spain's countercyclical capital requirements that we were going to protect against the spanish real estate bubble. that didn't work so well. >> mr. tom bainny, briefly. >> yeah. i think one issue that hasn't been discussed so much lately is the fact that this exit is unsynchronized this time around. you see more advancement in the area. in the u.s. and in the uk.

particularly in europe since they still have to consolidate and build their capital base ahead of upcoming tax to your right cheek in the corporate side to respect and a defense that governments were actually pretty forceful. you say then that this year's meeting has changed. you will view all what the potential risks are in the global economy. i don't worry you know it's it is a key for tv tropes that whatever circumstances that the poster into the wrong sixty bucks for men. and i'm sort of begin at the moment with the consensus that. it seemed really global rates can see. recent argentina which ari become element at the ten weeks can ski race in india are for sale the concert was a political groups in thailand turkey and so on but nobody seems he's focusing on its spinnaker it's the kind of things that sent markets move in cycles together. we all be missing but the good news is you look at us. china uk japan. a lot of the big economies look pretty subtle. two don't sound too pessimistic but when it comes to the global outlook. no i'm actually not and dom i'm actually more optimi

influenced how he reacted. so let me start by talking about the flow of information out of europe about the holocaust comment and then, let me shift to a picture of franklin roosevelt's agenda and his world, not his whole world, not his private world, not even the war in asia he had to deal with simultaneously, but let's say the world of europe and north africa that conceivably influenced, and the holocaust. there were reports almost from the beginning of the holocaust which most scholars in this country in 1941, there were reports from the beginning of nazi killings of the jews, it was impossible to keep such things as secret. but there were also reports of other nazi atrocities, widespread civilian suffering in occupied territories, and early reports especially in this country, were not sufficiently numerous or distinctive aura of such intelligence qualities that it forced government officials to ponder the overall shape of nazi policy. most government officials including franklin roosevelt were predisposed to thinking that nazi germany opposed a threat to judaism and christiani