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tv   World Business Today  CNN  November 15, 2011 1:00am-2:00am PST

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right breaks, can you have that job. you can be in that job some day and be interviewed by someone from great britain. >> well, brian, it's been a great pleasure and a great honor. i'm a huge fan. you are where all anchors would love to be one day. brian williams, thank you so much. >> thank you. i'm zain verjee at c nvrnlthsn in london. a valed threat from iran after the report from the international atomic energy agency. last week the he was accused of developing nuclear warheads. iran says it may reassess its policy of cooperation with the agency. two members of a neo nazi terrorist cell were arrested
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this weekend. two others were found dead in a burned home. prosecuteers say the group claims to have killed eight ethnic turks, one ethnic greek and a police officer between 2000 and 2007. the man tapped to be italy's prime minister is still in talks in developing a new government. monte says people may have to make sacrifices to help get italy out of its economic hole. he plans to stay in artist until 2013. eye way way has until wednesday to play a tax bill. he's been ordered to pay a full amount or they'll refer the case to the police, ai wei wei says it's politically motivated. i'm zain verjee. "world business today" starts right now.
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good morning from cnn london. i'm charles hodson. good afternoon from hong kong. you're watching "world business today." police are moving protesters out of new york's zuccotti park. australian prime minister wants to lift a ban on uranium imports to india. it may be economically sound, but it's also politically sensitive. and the world's richest man tells us why there's always opportunity in the midst of crisis. but first. >> the whole world is watching! the whole world is watching! the whole world is watching! >> you're looking at new video shot in new york just a short time ago.
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occupy wall street protesters began chanting at police and putting up resistance after officers moved in to evict them from zuccotti park in the middle of the night. a tweet the new york mayor michael bloomberg said the evacuation is only temporary and protesters can return after the park is cleared. the park has been a tent city since protesters moved in back in october. poppy harlow joins us live from the park. tell us what's going on. >> i've been here for about 2 1/2 hours. i got here at about 1:30 in the morning after getting a call from one of the protesters. the sentiment down here, it's not believed they will be allowed back in the park. they believe they won't be allowed back in. what you see to my right are a number of protesters, other people who woke up in the middle of the night or who came down to witness what was going on.
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what you see here to my left is a barricade and a number of new york city police officers here in full riot gear. this is the separation line. we're about a block and a half away from zuccotti park where the occupy wall street movement started in september. we have not been allowed past the police barricade. we've tried at a number of locations to get into the park for the last 2 1/2 hours. we have not been told why we're not allowed in the park. i spoke on the phone with a number of protesters in the park. some of them have locked arms together and have refused to leave. one told me a chemical substance, she doesn't know if it was teargas, she says a chemical substance was sprayed into the air. one protester says he was removed from the park, a police officer saying he has been here,
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ex-meive, far too long. we'll allow the protesters back into the partial. but there's growing anger. a number of the protesters were chanting in unison, we are the 99%, they were saying "our streets," they are saying "we are nonviolent" at one point singing "we shall over come." i haven't witnessed any violence whatsoever. that's a positive thing. no violence on the part of the police officers or protesters. it's about 4:00 a.m. in new york, as people try to come down here to wall street for work starting at about 5:00 and 6:00 a.m. right now for blocks and blocks close to the new york stock exchange it is completely barricaded. even the press cannot get through. >> poppy, thank you so much for that update. poppy harlow about a block and a half away from zuccotti park where the occupy wall street
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protesters are being removed at the moment. we'll stay on top of this story and get back to poppy as new details come up. charles. it's all about economic growth here in europe today. two key eurozone countries have just released positive third quarter gdp figures. we're still waiting for overall gdp. forecasts are for growth of .2% or something like that in the third quarter. in germany, gdp rose by 0.5% in the third quarter, continuing the strong growth we saw in that economy from the start of the year. and second quarter figures were meanwhile revised upwards by .2 percentage points to reflect growth of 0.3% in that period. in france, growth is back again. third quarter gdp rose 0.4% compared to a slight contraction in the previous quarter. largely in line with
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expectations. consumer spending and production of goods and services were all higher despite the positive numbers out of france and germany. here is how it's playing out on the markets. they're moving around. certainly the london ftse and xetra dax are off. a bit of a selloff going on in the eurozone, andrew. >> after pretty good numbers yesterday, charles, we've seen a pullback here in asia today, not surprising at all given there were those low numbers in the eurozone and also on wall street overnight. this is how the region's leading indices ended up. we've included india. i'll get to that in a moment. certainly the rise in bond yields suggesting there's still plenty of moves to watch in the
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eurozone before this finally settles down. you've got the nikkei down by about three-quarters, hong kong by about 4/5 or so. shanghai is flat. australia down by .5%. one stock defying gravity is king fisher airlines. it jumped more than 5% on monday. despite announcing today it lost twice as much money in the last quarter as the one before, it's still gained in trading today, up by almost 1%, even though some commentators are saying the airline is close to collapse. on the broader market, the sensex still down by more than 1%. charles? >> okay. in the united states investors had their eyes on europe. once again they didn't like what they saw. main indices were all lower by the close of trade. this followed losses on european market after the german chancellor ruled out major
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intervention by the german central bank. among the biggest losers on monday were financial stocks, bank of america was down by more than 2.5% after announcing a sale in most of the its stake in china construction bank. let's look at the overall figures for the three major indices. yesterday off by about .25%, nasdaq off maybe a fifth of a percent. actual li these are the futures i should make clear, andrew. >> absolutely charles. i think the dow down by about 2/3 of 1%. obviously still a few fierce out there. features still pointing down for another day. you're watching "world business today." coming up, mining for cash, australia's prime minister
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flagged a controversial plan to boost the country's economy. it could also help one of the world's growing nuclear powers to extend its reach. the details are next on cnn. if you've just signed up for medicare or will soon,
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insured by unitedhealthcare insurance company. we look at how mining stocks performed on tuesday. the country's prime minister, julia gillard is hoping to lift a ban of uranium sales to india. shares in the country's biggest miners, bhp billiton, rio tinto and energy resources fell. different story for some of the smaller producers and explorers. they experienced gains of between 3% and 10%, andrew. >> this is an interesting development in australia, charles. for years the australian government has banned uranium sales to india because india refuses to sign the nuclear nonproliferation treaty, the mpt. but on tuesday, australian prime minister julia gillard made it clear she wants to resume
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trading. australia already exports to places like japan and die want. ms. gillard says in the world's current situation, it makes sense to resume trades with india, both politically and india. >> we have a good relationship with india. it's the worldest largest democracy, a stable democracy. we have worked on our links with india. but as i have described to the australian people before, australia faces a unique set of opportunities in this, the asian century where we live in the right region of the world which will see strong economic growth and india as a riding giant will be part of that strong economic growth. >> certainly asia has been keeping the australian economy motoring along very happily over the past 15 years or so. india is very much part of that, already an important trading partner with australia.
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it's australia's biggest export market, about $15 billion of australian exports went into india last year. you can see why julia gillard wants to keep relations moving smoothly with india. >> indeed, and indeed with the united states, with the u.s. president arriving, of course, in the australian capital. what are the broader implications of what julia gillard is proposinproposing? >> this is an interesting one. the arrival of u.s. president barack obama into australia and this announcement by julia gillard, some are saying it's no coincidence that the announcement happened before australia. gillard says the timing is actually uncon nexted. to get the background on this you have to go back to 2005 when the united states signed its own civil nuclear agreement with india which allowed use for uranium in the indian nuclear energy industry. australia did support that
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agreement at the time but refused itself to lift its ban on sales. changing that decision would bring australia's policy in line with the u.s. it's a sensitive decision, obviously, given india does have nuclear capabilities. it certainly says it politically in australia because the greens which are a very important minority in the coalition government run by julia gillard, they're saying it will add to the nuclear arms race. it's a bit of a tightrope that julia gillard has to walk here, charles. >> indeed. of course, bearing in mind that mining extraction is one of australia's major industrial sectors. what's the impact, though, if this deal does go through? >> well, it's going to be obviously positive. any more mining sales to anywhere is going to be good for the australian economy. let's take a look at the numbers. australia is the third biggest supplier of uranium behind kazakhstan and canada.
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it holds the biggest reserves in the world. there are three operating mines so far. we saw the stocks of those companies, bhp billiton is working on expanding a massive dam project in australia. it has the potential of becoming the world's biggest uranium mine. in terms of numbers, uranium operators contribute more than $750 million to the australian economy. perhaps more importantly, though -- that's a big number, but not a huge number if you look at how it compares with other resources, but it also creates 4200 jobs. that's a win-win, if you like for the australian prime minister if she can bump up exports and jobs as well. she'll ask her own party, the australian labor party to back the reform. there's a national conference next month. interesting that even while
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julia gillard pushes to sell uranium to india, charles, she's also saying australia will not use nuclear power. it's got enough cheap alternatives, it doesn't need nuclear power. certainly no nuclear power in australia for the foreseeable future. >> i suppose that will certainly be good news as far as the greens are concerned. interesting stuff actually. now, switching back to this quarter of the globe, gadhafi is gone, but the effects of his decades of harsh rule remain as libya goes about the business of rebuilding its economy, we look at the challenging task of returning property to its rightful owners.
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let's take a quick look at what oil has been doing. that's how it's trading right now. looking at nymex crude down about a third of a dollar. $97.83. over the past few weeks, the cost of oil is up by about 20%. israel rachs up its rhetoric against iran. crude oil traders say the price could soar to actually $200 a barrel if israel goes ahead with a plan that is being rumored to attack iran's nuclear facilities. welcome back. you're watching "world business today" live on cnn. in libya, mean while, there's a lot of work for the
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new leaders including how they plan to compensate certain property owners. their homes and businesses were confiscated during moammar gadhafi's time in tower. tens of thousands of properties, in fact, since the 1970s. they're just beginning to sort out the details. >> reporter: halil musri had a dream. today his daughter tells us moammar gadhafi stole his dream. she says the regime seized almost everything her family-owned including her family's main source of income, this printing house. >> this is the first time i come after 40 years. i feel my father's hand in these machines. i fael my father's pain when he comes to this place and find another people take his printer press.
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>> reporter: many libyans, most of them well off lost much of their real estate in the late 1970s under law number four, a legislation based on gadhafi's green book. she says there was no mercy. she breaks down as she recalls her family suffering. >> the idea at the time was to take from the rich and give to the poor, but for a government like libya who has such enormous oil revenue, they did not have to do that really, but gadhafi did it. >> reporter: the confiscations by the regime were large scale. properties were given away, rented or sold at low prices. graffiti like this can be seen around tripoli, people claiming ownership spray paint the words "sacred property" on walls. they say the main problem now is that some people have lived in
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these properties for decades, and evicting them will not be easy. >> the government has to step in and say -- repair this damage through compensation or other means. libya is a rich country, and the government can take such burden. >> reporter: officials have said these claims will be resolved by the courts, but this is going to take time. a soon-to-be-formed transitional government have a long list of issues to deal with including this one. there are reports of people taking back property violently. >> this relates to the transitional period, and it is not a tough challenge at all because we are talking here about money, about, i don't know, maybe a few billion libyan dinars, and to buy, say, social
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justice and peace in society with a few billion is much, much cheaper than ignoring this problem. >> reporter: some revolutionary fighters say they are protecting some sites until these claims are settled. el hilam and her family are waiting for the courts. my father is not here to witness this, she says. i have dreams of him telling me heal my wounds. i don't want to kill or hurt anyone or send them to jail, i just want my rights, ond for the new free libya to give us back every penny that is rightfully ours. a new libya that will have to pay for the injustices of the past to ensure a better future. still ahead on "world business today," as governments squeeze their people with evermore drastic austerity cuts,
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from cnn london, i'm charles hodson. i'm andrew stevens at cnn hong kong. welcome back. you're watching "world business today." we're continuing to follow developments out of new york's zuccotti park this hour. police have moved in. they moved in during the early hours of tuesday morning to begin clearing occupy wall street protesters from the park.
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many began chanting and putting up resistance. they've been using the park as their home base since september now. in a tweet the new york mayor michael bloomberg said the evacuation is only temporary and the protesters can return after the park is cleared. you're looking there at pictures, live pictures. this is not the park, but police have sealed off the streets around the park. we spoke to our poppy harlow about 30 minutes or so ago who said she could get to within about 1 1/2 blocks of the park. we can go back to poppy. she joins us on the line. poppy, tell us what have you been hearing from the people who were at the park at the time about the removal process, and what happens now? >> reporter: that's a very good question, andrew. i've spoken on the phone and in person with a number of the protesters that were in the park, some i spoke with on the phone were still there. they told me that many of them have locked arms together around their communal kitchen which is really in the middle of zuccotti park.
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they refused to leave. they told me -- one woman had to hang up the phone because she says the police are literally pulling the people next to her out of the park saying it's time to leave. another young man i spoke with left the park about 20 minutes ago after a police officer, he said, grabbed him and said it is expletive, time for you to leave the park. you've been here too long. i do want to point out that i haven't heard any reports of violence. i did hear from one protester that police had sort of hunkered down on one of the protesters in the park to try to stop him. i haven't heard any reports of any significant violence. there have been some reports from pro testers telling me some sort of chemical substance was released within the park within the last hour. whether that's teargas or not, we are not sure. we also have some reports from the -- from the heads of public relations of occupy wall street. they tell us that's their title. there have been about 13 arrests
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within the last hour or some i do want to emphasize, andrew, i'm standing on the borderline between the police officers, hundreds of new york city police officers in riot gear, and behind me hundreds of protesters. there's a barricade about a block and a half away from zuccotti park that is impossible for journalists to get in to actually see what is happening on the park. the accounts i have are from eyewitnesss that were in the park and on the phone. obviously we would like to be in the park able to report this live within the park as it is happening. >> we heard the new york mayor michael bloomberg or his tweet actually saying this was a temporary cleanout of the park. does that mean, poppy, the people you're speaking to want to reoccupy? >> reporter: that is the official word from the mayor's office, you're exactly right, andrew, that this is a cleaning of the park and protesters will be allowed back in. i can tell you the sentiment here from the protesters i've spoken with, they don't believe that. they believe this is a way to evict them from the park, to crush the movement, to get them
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out. that is why you're hearing such anger. just about 15 minutes ago i was right near the new york stock exchange. a group of, i'd say, between 150 and porters of the moving came running in. there's a growing anger and belief among many of the protesters that they're not going to be allowed back in the park. i was told by some protesters in the park when the police came in around 1:30, 2:00 eastern in the morning, they were tearing down the tenths, temporary structures before the protesters had been sleeping, they had dumped thousands of their books in the library in the park in a dumpster. it will be interesting to see if the protesters are allowed back in here when the sunrises in about an hour. >> poppy harlow joining us from
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about a block and a half away from zuccotti park, clearing out protesters who have been there since september in that park. charles? >> okay. let's get back to stock markets on this side of the atlantic and sea how they're fairing. investors considering a whole lot of economic data, real economy data out today. here is where major indices stand right at the moment, with quite a bit of a selloff going off for the two major eurozone indices, getting on for 2% for the xetra dax. as for the ftse and zurich smi, each off by .7%. germany's third quarter gdp rose half a percent. and france, same quarter, .4% growth compared to a contraction actually in the previous quarter. but despite all of these positive numbers, analysts are saying that the outlook for the real economy in those two major -- in both france and
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germany is a slowdown in the coming months, andrew. >> charles, most of the leading indices in asia, too, also falling this tuesday, mainly i think as a result of the rise in spanish and italian bond yields, suggesting the still has a long way to go. stocks of companies linked to consider retail took some of the biggest hits, thanks to the bloom many outlook. the numbers there, one stock to nut a strong performance so far this week, king fisher airlines, the indian airline, its stock was up more than 5% on monday despite announcing today it had lost twice as much money in the latest quarter as the previous one. the stock in king fisher up another 2/3 of 1%. a colorful chairman deals with how to get his airline back on an even keel. despite the share price gains, the airline did cut hundreds of
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flights and some commentators are suggesting king fisher may be on the brink of collapse. they say all airlines are struggling. one problem is a ban on foreign invest in that sector and says he wants that ban lifted. >> this is a huge growing market. any airline that invests in an indian carrier will enjoy some benefits of network, connectivity and access. i'm not hesitant in any way in saying to you, yes, foreign direct investment should be permitted, and i hope the government will consider this seriously. after all we are inviting foreign direct investment in almost every sector. vijay mall lay looking for international backers to help his struggling kingfisher airlines. charles? >> let's get back to europe.
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obviously those gdp numbers from france and germany, germany up by .5%, growing .5% in the third quarter. france not far behind, gdp .4%. growth not so spectacular, but better than 2 previous quarter. joining us to talk about the problems facing european markets is will headen. we seem to be looking at quite steam losses now for both the dax and the cac cure ran despite the fact that it seems to be quite good -- >> we've seen a slightly weaker picture than yesterday. markets holding up a bit better-than-expected with the movements yesterday in the bond yields. this morning a little bigger worry as we start to see the france creep up as we get
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towards that 7% mark again. we're watching the gdp figures at 10:00 a.m. i was looking at the previous figures to see how this kind of france and germ results might affect those. we would expect to see that might have a real help to the overall eurozone figure. it's starting to suggest the two-tier eurozone is becoming more of a realistic thing. >> on the face of it, if we're seeing stronger growth from france and sustained growth from germany, that ought to make their public finances a little stronger and would reduce the likelihood of french bonds, french government bonds be besieged as italian and greek ones have been. >> exactly. unfortunately the real situation is that the french banking system has a much bigger exposure to italy thanks say, germany and some of the other major european nations like ourselves. that's playing into the hands of the speculators there when it comes to the bond yields. you've also got some of the other sort of medium sized
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eurozone countries like portugal that might have a little more effect than greece. they haven't shown particularly good growth figures. that may weigh down those numbers at 10:00 a.m. >> will hedden joining us live. andrew? up next, taking a closer look at the plight of migrant workers as part of the cnn freedom project in lebanon where the abuse of domestic countries are so bad, some countries are banned their citizens from migrating there. still some continue to slip through the net. when we come back, we'll meet a filipino woman who headed abroad to give her family a better life and ended up living in misery. the good news is, you don't have to pay your deductible. with vanishing deductible from nationwide insurance, you got $100 off for every year of safe driving, so now your deductible is zero. the other good news ? i held on to your coffee. wow. ♪ nationwide is on your side
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imagine you're thousands of miles from home, trapped with no money and no pay. for domestic workers looking for a better life abroad, that's the situation. cnn is shining the light on this modern day slavery as part of our freedom project. >> today we go to lebanon where abuse of domestic workers are so common that some countries are refusing citizens to travel there to look for work. arwa damon met one woman who was forced to flee for her life. >> when they beat me like that, i always go to the toilet and i cry. that's why i ran away. >> reporter: mon net left her two small children and husband in the philippines to work as a maid in lebanon, hoping to pull her family out of extreme poverty.
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instead, the 26-year-old was forced to flee to a safe house that provides refuge for victims like her. she and the other women here don't want their real names used or their identities revealed. they are afraid for their safety. the safe house is run by migrant charity. providing help to migrant domestic workers in lebanon since 1994. the workers often find themselves victims of a judicial system that fails to protect them in a culture where abuse against them is endemic. >> it's serious enough because on average one worker per week is dieing in lebanon, most often by committing suicide or trying to, quote, unquote, escape from their employer. it's a terrifying statistic, and it has caused capitals in countries where these workers
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are coming from to take notice. one of the ambassadors of ethiopia told me i'm no longer running an embassy here. i'm running a morgue. >> reporter: there are an estimated 200,000 migrant workers in lebanon, a large number for a country with a population of just 4 million. abuses against them so common that the philippines, nepal and ethiopia have banned their citizens from coming to lebanon as migrant workers. although many are so desperate, they find a way around the ban. like hannah. she says she had no choice but to come to lebanon three years ago to support her family in ethiopia after her father died. her first employer sexually harassed her. i couldn't be the way he wanted. i came only to work, not to do anything else, she tells us. he would offer money, offer me things if i would accept. eventually his wife found out about her husband's advances and
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hannah says he beat them both. she went to the ethiopian embassy but was so desperate for money, she took another job at another household rather than return home. there she says she suffered both physical and verbal abuse, which she would have been willing to endure if she was at least being paid her salary. now, emotionally exhausted, she just wants to go home. according to human rights watch, the enslavement of migrant workers begins the moment they land in lebanon. standard procedure at the airport is for lebanese authorities to hand over the worker's passport to the employer, allowing the employer full control. the majority of workers are never allowed to leave the house on their own, and according to human rights watch, either they're paid late or not at all. >> in many ways their treatment is akin to modern slavery. there are no doubt some of them
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have wonderful experiences. but do many of them, this is indentured servitude for a number of years. the state, the lebanese states, similar to states in this region, instead of protecting these workers tharks rush to protect the employer. >> reporter: lebanese labor law has no protection for migrant workers. for its part, the government has stated that it intends to improve conditions for migrant workers. the ministry of labor set up a hotline, but the phone hardly rings as most workers are not aware of its existence. in january of 2009, the ministry implemented a standard contract that is intended to guarantee things like on time payment and days off. >> all this has been already started and we're implementing these measures in order to avoid, to give the feeling to the domestic worker that is
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protected. >> reporter: however, human rights watch say it is contract falls far short of protecting the workers. for example, the right to leave the house remains in the hands of the employer. sinetta contemplating jumping six floors to escape. her employer she says used to lock her up, smash her head into a wall. >> i do nothing. it's only the tears falling down. i'm crying, there's nothing to do because he's here, he don't want me to do nothing. when i bleed she don't care. >> after she finally ran away, she ended up hospitalized in a psychiatric ward for two weeks. karita says it's been successful in helping her obtain her salary and points to a greater level of cooperation with lebanese authorities.
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however, much, much more needs to be done to guarantee migrant workers their basic rights. these women all came to lebanon expecting to break out of the confines of poverty. instead, they find themselves in a different type of jail. arwa damon, cnn, beirut. now, tomorrow we'll have an update on a story that many of you found so shocking you headed to our "impact your world" website to help. a nanny for hannah gadhafi, when she refused to beat the child, she says his wife tied her hands behind her back and poured boiling water over her twice. tomorrow we'll hear how she's getting on. "world business today" continues in just a moment.
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a look at the gold markets now, precious metal softened, many asset classes including so-called safe haven assets such as gold. we're looking at a loss of $16.67 and that thirds of a dollar to just under $16.64. eurozone's ability to deal with debt crisis you might expect brought up the gold price. but not on this particular
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occasion. quite interesting, the markets perhaps out of sink. we'll come back live from cnn hong kong and london this is "world business today." with a net worth of more than $60 billion, the mexican tycoon carlos slim knows how to hold on to money. as he told our becky anderson in geneva, he's looking at how the current crisis in europe could be turned into an opportunity. >> reporter: mexico, 1982. the country was on the brink of a financial disaster, mired in a debt crisis, the deficit to gdp ratio of nearly 17%. for many, the recession was catastrophic. for carlos slim it proved a gold mine as he snapped up struggling businesses and built a conglomerate with interesting stretching from telecoms and retail to mining construction. forbes magazine puts his worth
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at just over $63 billion. >> you amassed your fortune during the economic downturn in mexico during the 1980s. is the current financial crisis sweeping the world an opportunity to build a fortune? >> sure, always, always. i think there are not good and bad times for the people that have to work and has the means to work. >> reporter: for slim, employment more so than charity is the key to ending poverty. the 71-year-old who has no plans to retire just yet believes this is where europe is getting it wrong. >> developed countries has trying to give a state of welfare to the people, especially early he tirmt and other expenses. they put current expenses instead of public investments. and i think they need make structural changes.
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they think they solve the problem with austerity and decreasing economy and get mog unemployment. they make -- these kind of things make young people lose the hopes because they don't have -- they don't look if they can study or if they can have -- >> being the richest man on the planet, you are in a unique position to take a look at the world and tell us what is going wrong and how we might fix it. >> i think it's that -- they should look for development. it's clear that they have big fiscal deficits, it's clear they have a big debt. it's clear that it's unsustainable. but i think the way to do that is inviting the private sector to make the investments to maintain the economic activity in other sectors, not only the
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sector of where is traditional, private investment, but also building highways or building everything. we're building hospitals. they can do also some kind of list backs, that means they can sell the facilities of the government and pay it in 20 years or 30 years. >> reporter: slim knows the value of private investment in public services. one of his most lucrative assets has been telmex, the telecom monopoly he bought from the mexican government. >> you are a telecommunications mogul, and yet you have never used a computer. why? >> all i use is my telephone, is the computer. you use your computer every time you go to your home or open your car or travel. i am more trained to look papers. i'm more trained to look numbers.
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and the numbers talk, you know. you read numbers and you know what is happening. i am used to look at numbers in paper. i follow numbers on papers. >> what drives you and, indeed, what keeps you awake at night? >> i think probably dinner maybe, probably when i have some indigestion. what drives me is to try to work for help. i work countries to get developed. >> carlos slim there talking to becky anderson. that's it for this edition of "world business today." thanks form joining us. charles and i will be back for the second edition of wbt in a few hours from now. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to 80% of your part b expenses. if you're already on or eligible for medicare,
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