like in italy, to speak german, but they are regionals made part of italy in 1919. they did get on more or less of a with the government in rome, but now roam once the wealthy to help fill up italy's and the state coffers. they are angry and calling for independence. >> it oupies a special place in the imagination of many german speakers. a dramatic mountain scenery, quaint villages, and milder southern temperatures evoke a less stressful way of life for northerners. but appearances can be deceiving. storm clouds are gathering over the region. storm clouds triggered by italy's financial crisis and a struggling economy. many here, not just traditionalists like this engineering student and member of the local shooting club, want to secede from italy and declare independence. >> this is german territory, not italian. we were war booty after the first world war. the majority here is not italian, and we think it is time for the people here to decide whether this should stay part of italy or not. >> the shooting clubs see themselves as the defenders of the region's cultur

like in italy, to speak german, but they are regionals made part of italy in 1919. they did get on more or less of a with the government in rome, but now roam once the wealthy to help fill up italy's and the state coffers. they are angry and calling for independence. >> it occupies a special place in the imagination of many german speakers. a dramatic mountain scenery, quaint villages, and milder southern temperatures evoke a less stressful way of life for northerners. but appearances can be deceiving. storm clouds are gathering over the region. storm clouds triggered by italy's financial crisis and a struggling economy. many here, not just traditionalists like this engineering student and member of the local shooting club, want to secede from italy and declare independence. >> this is german territory, not italian. we were war booty after the first world war. the majority here is not italian, and we think it is time for the people here to decide whether this should stay part of italy or not. >> the shooting clubs see themselves as the defenders of the region's cult

italy since the 14th people. at least four people are dead and the damage is estimated in the millions of dollars. several historic buildings have been damaged. >> reporter: smoke and fire rose from the ruins in northern italy after a powerful earthquake shook ancient towns in the region. this cell phone video captures the aftermath of the deadly 6.0 quake, the strongest to hit italy in three years. this woman says everything is upside down in my house. we haven't gone back in yet. the quake hit north of balogna and hit a historic castle, houses and chumps. this woman got nervous after her -- churches. this woman got nervous her son didn't come home after work last night. he is dead. jolting aftershocks sent people running from their homes.

for some countries it's too high, say for italy and spain. for other countries it will be low, say germany. so, clearly if you really want to offer, you know, some prospects to the peripheral economies -- otherwise, they cannot monitor monetary policy because it's being delegated to the european central bank. they have very little wiggle room in terms of fiscal policy because they will have to consolidate. so, i mean, what kind of growth policies they are going to introduce on top of a much-needed structure reforms in depreciating exchange rate may provide a much-needed boost for this southern economies. >> farmington, missouri. jay on our line for republicans. jay, you're on the "washington journal." go ahead. >> caller: yes, i lived over there for a while. >> over where? >> caller: in germany. and when the wall went down, you know, the people in germany used to say, why is it that we don't have money like you americans. and it's like, you don't work. you look to your government for everything. now you can go over into strasbourg and get dru

the problems italy faces all western democracies face. over the last 30 years, there's been a build-up of entitlements, of goods and services being provided to the public from the state with no sense of account -- of the kind of fiscal balance and the result is all these countries are in debt and the picture looks worse as people retire. can democracy handle this? >> democracies have to handle this. how? well, i believe the reason why democracies are very poor these days to handle this is that democracies like markets have become much too short-termist. the combination of very important media of frequent elections, of even social networks that tend to polarize people towards more extreme positions. with a combination of these factors has the consequence that in democracies, politicians, professional politicians, tend to reject only to embark in solutions that imply short-term costs and longer term benefits with great reluctancy only when they are faced with an actual huge crisis. so the problem to me is how it's possible to reconcile clas

case of italy. and in spain now, almost 6.3%. record spread. and almost a record between italy and germany, as well. >> and pippa, if it goes as people now expect, fresh elections -- may not happen, but this is the assumption, fresh elections in greece, the results mean that whatever happens is they reject the terms of the current bailout. how then does the european political elite respond to that? >> i think we're going to hear a lot of disper rat views. you'll hear the better mgermans there might be consequences. maybe the lchttro gets extended little further, but not enough to solve the problem. >> do you think there is more of a role for the the u.s. here? are they discussing ways in which they want to step up it to the plate and you influence this one way or the other? >> tim geithner has desperately tried to influence will this process, but the u.s. is going to write a check? i don't think so. not in our financial position. so words are worth less and less. the more you use them, the less valu

she fled italy with her son in 2010 because she says she felt threatened by her ex-husband. the case has gotten attention by celebrities like angelina jolie. our miguel marques went "outfront" to investigate the story. >> it's my worst nightmare coming true. >> reporter: laura calder, an american fighting for her 6-year-old son leo two years ago she fled parma italy and an italian husband she grew to fear. >> you feared for your life? >> i feared for my life and my son's life. >> neither parent wanted to show leo's face when calder left italy with leo who was born there and then filed for legal separation here in california, her italian husband filed charges of his own. kidnapping. >> i'm not a bad mom. i didn't damage my child. i was protecting him. i was protecting him. and all i did was come to my family. you know -- i don't have a right to come to my own family for help? >> calder claims her husband physically and emotionally abused her and sexually abused her son and may have hired a hitman. she won her first case, but a california appeals court in december found only t

the problems italy faces all western democracies face. over the last 30 years, there's been a build-up of entitlements, of goods and services being provided to the public from the state with no sense of account -- of the kind of fiscal balance and the result is all these countries are in debt and the picture looks worse as people retire. can democracy handle this? >> democracies have to handle this. how? well, i believe the reason why democracies are very poor these days to handle this is that democracies like markets have become much too short-termist. the combination of very important media of frequent electio elections, of even social networks that tend to polarize people towards more extreme positions. with a combination of these factors has the consequence that in democracies, politicians, professional politicians, tend to reject only to embark in solutions that imply short-term costs and longer term benefits with great reluctancy only when they are faced with an actual huge crisis. so the problem to me is how it's possible to reconc

reports in italy. with as many as three people killed. >> and brev itch claimed to be preoccupied with money and looks. welcome to "bbc world news." i'm greet greet geeta guru-murthy with you. >> this guy doesn't take money. but i've come up with solutions. >> the u.n. peace envoy kofi annan is meeting with basha al-assad today after international outrage over killings of over 100 in hula. kofi annan is warning the syrian government it needs to take serious steps if they want to solve this peacefully. it's explained how kofi annan's talking to assad will unlikely proceed well unless russia takes an act. >> what might have gone on between russia and damascus, because if the russians have done nothing to twist the regime's arm, kofi annan may go away without progress. because russia may claim it's others that carried out the massacre. if he is stone walled that way, kofi annan will go away and there will be a sectarian civil war. that will be looming larger. the important thing is the russians are the on

but the may day rallies turn violent in italy with police striking protesters who are voicing their anger at the severe cuts imposed by the unelected leaders our top stories this hour. online on screen around the world this is r.t. with twenty four hours a day moscow's streets have been brimming with people this may day with most celebrating and some demonstrating trade unions marched under the labor day flag to demand better working conditions and even russia's ruling turned and took to spearheading a crowd of their supporters. early in the going to. more than one hundred twenty thousand people out want to stop it right this is one of the main thoroughfares in the russian town tell me they mean they have to look at what the amount to make ultimately about. having a rather good solid knowledge of the labor unions the things that matter to since the work that they're calling for the retirement age is not to be raised and for better conditions for workers overall the labor day to get older and i know. the area to go insult planned out workers organized labor unions and went on strike new or

. >>> northern italy's devastating earthquake. the strongest quake to hit that region in more than 600 years. >>> and remembering robin gibb. the former be rks gee has died after a battle with cancer. >>> and ring of fire. the stunning eclipse that had people looking toward the hea n heavens and watching in awe. >>> good morning, everyone. i'm diana perez in for paula faris. >> and i'm rob nelson. >>> chicago has not seen demonstrations like this in decades. >> there could be more violence today as the summit enters its second day. president obama wakes up in his hometown of chicago this morning for day two of the nato summit, with the heavy focus on afghanistan. over the weekend, president obama and afghan president hamid karzai spoke to work to bring the war to an end. >> painting a vision, post 2014, in which we have ended our combat role. >> reporter: president karzai apologized for being a burden to the americans. >> i bring to you the gratitude of the afghan people for the support your taxpayers' money has meant to us over t

be prepared because two weeks ago, the america's cup teams were racing in names, italy -- napeles, italy, where i believe something like 500,000 spectators turned out during the course of that week. remember, that was only a week of activities. so you got a sense of that in the earlier video that we saw and even the rain didn't deter the fans. i know from what jimmy spittle said, him and his crew had difficulty in just making their way to the regatta village through the crowds.

(reader) "...and now, fair italy! thou art the garden of the world. even in thy desert what is like to thee? thy very weeds are beautiful, thy waste more rich than other climes' fertility: thy wreck a glory, and thy ruin graced with an immaculate charm which cannot be defaced." (narrator) turner's travels in italy, like so many of his contemporaries, were part of a phenomenon called the grand tour. the artistic and architectural legacies of ancient rome and greece were thought to ennoble the minds that contemplated them. turner recorded their beauty-- the vestiges of power in ruin, history frozen in atmospheric splendor, a lost paradise still tinged by myth. he could capture that beauty like no one else which earned the praise of his friend the painter thomas lawrence. (reader) "the subtle harmony of this atmosphere, that wraps everything in its own milky sweetness... can only be rendered, according to my belief, by the beauty of his tones." (narrator) turner first saw the seductive beauty of venice in paintings by the 18th century venetian artist can

why has italy receded from the top of the list of worries here? >> well, our opinion last year was that italy really only got dragged in primarily because it's a large issuer. the market was closing in, was drying up, and so the large issuer then got brought into the problem. and then the political focus got on to berlusconi and the fact there was not much of an effort to cut spending. so then the crisis got in to full swing and it took italy into it. but now that we have the technocratic government and there seems to be control of spending, italy for the moment is out of the crisis. but i still think that the same could happen purely because if the market dries up, then the focus will be back on the bigger more regular issue, i'm afraid. >> and i wonder given the reports that we got out, talking about how people concerned about italy not pushing through with reforms on its tax side of things, whether that is down the road going to reappear and get investors concerned again about italy. >> there's no getting away from its high beater to spain and

morgan did with the government of italy. >> narrator: j.p. morgan declined to discuss the deal, but des pallieres says the bank did nothing to fool regulators or other european countries about italy's financial health. >> smith: did the deal with italy change the perception of the nation? >> absolutely not, absolutely not. and, furthermore, every transaction that we were involved in europe-- every transaction we were involved in europe-- were not hidden to the other european partners. >> narrator: des pallieres insists that his deals for j.p. morgan were all aboveboard. he won't vouch for other banks. but in 2003, nick dunbar published a story in risk magazine uncovering a secret deal between goldman sachs and greece. the article revealed that goldman had sold greece several giant swaps to help greece meet its targets. >> smith: what was the reaction when your story came out? >> what happened was complete silence. i think i did one radio appearance and the story was just buried. nothing happened at all. >> narrator: the silence was surprising

in italy when the quake hit. right now italian tv is reporting three people died and four others were hurt. we're told buildings have collapsed. earlier this month, a 6.0 quake hit the northern part of the country. hundreds of buildings were damaged or destroyed. seven people died. >>> this morning, the ntsb is trying to figure out why two planes collided in midair in northern virginia killing two people. those planes crashed around 4:00 yesterday afternoon near silver hill road in fauquier county. not far from warrenton. the crash was so violent the two planes landed about a mile apart from one another. one of those planes caught fire when it hit the ground. the pilot and passenger in that plane died. a news4 crew found the plane in a wooded area reduced to nothing but rubble near one man's back yard. >> i mean, that's relatively close. >> 400 yards away, what it is. >> and how does that make you feel? >> blessed. very blessed right now. >> reporter: why? >> because we could have been in the house when the plane

italy returned home in shame after a first-round exit. they hope to restore italy's pride. >> we must be a positive team in everything we do. we have to show it in our smile, our determination, and our enthusiasm. a group of players that is the team right to the core. >> they put the focus on the collective and the absence of individual superstars. of the world cup-winning team, only the midfielder and goalkeeper remain. both are in the twilight of their careers. >> some say we rely too much on creativity. others say we rely too much on shop stopping. the most important thing for me is to play as a team, one that has a will to win and is totally focused. >> the team's biggest hope has only played seven games for his country. this form is erratic -- sometimes good, sometimes for, much like the italian team as a whole. we give italy a score of four our six. >> for some reason, she cannot keep her eyes of the players there. we will be back in one minute with more news. >> stick around. >> welcome back. with the presidential election in egypt

i loved it. >>> cams rolling in italy. down comes an already damaged tower. >>> conditions couldn't be better in arizona, unfortunately, for burning. stay was. alice the cat is about to explore. the world of new friskies plus. which is friskies plus more. more of the things alice desires. with all the nutrition alice requires. it's a world of shiny furs. of sparkly eyes and happy purrs. it's a world unlike any alice has ever seen before. the world of new friskies plus. which is friskies plus more. kiwi. soy milk. impulse buy. gift horse. king crab. rhubarb pie. lettuce shower. made by bees. toucan sam. that's not cheese. grass fed. curry. gingersnaps. soup can tower. 5% cash back. right now, get 5% cash back at grocery stores. it pays to discover. >>> some stunning pictures from afghanistan, where at least 19 people have died and hundreds have been left homeless by severe flooding. >> the situation is particularly dire because rescue teams have not been able to get to the area because water washed out the roads. >>> let's

cbs news, italy. >> northern italy was still cleaning up from an earthquake that hit on may 20. and that quake left thousands of people with nowhere to go. >>> syria's most senior diplomat in washington is being booted out of the united states. the order comes from the obama administration in protest of last week's massacre in syria. 108 people were killed. most of them execution style. many children. the u.n. says entire families were gunned down in their homes. more than half a dozen countries have expressed their outrage by expelling syrian diplomats. >> canada's transportation agency is investigating how debris might have fallen from a troubled airliner and damaged vehicles in southern ontario. the air canada flight took off from toronto. meantime, down on the ground. police say chunks of debris were falling in several places right near the airport. including a gas station parking lot. some cars were hit. luckily no people were. >> pretty shocked to see. yeah, it's just really, really strange. not something i expected to happen. ago airplane debris on my windshield. >> i was

centuries of history crumbled as italy rocked by a major earthquake the agony for a mother looking for son. it is not only are arrest for the wacky but for serious runners to the grand prize of the 101st data breakers good evening i'm and ann notorangelo. we began with breaking news one of the founding member of the bee gees disco group has died. >>> ♪ >>> robin it gives died today after a long battle with cancer the beach fees soared to a friend in the 1970 soundtrack of the movie " saturday night fever it was built around disco songs like staying alive. it became one of fastest selling selling albums of all time robyn gibbs was 62 years old. we're in the midst of celestial history. a solar eclipse begins now brian hackney with what you need to know. >>> this is exciting, we are one of our and one minute for maximum solar eclipse with your sing behind me is where it began at sunrise in japan and southeast asia that's where the mood first began to cover up the sun, and that is exactly this is the disk of the moon consumed by the sun. it is monsoon season in asia, this is sunrise on t

be prepared because two weeks ago, the america's cup teams were racing in names, italy -- napeles, italy, where i believe something like 500,000 spectators turned out during the course of that week. remember, that was only a week of activities. so you got a sense of that in the earlier video that we saw and even the rain didn't deter the fans. i know from what jimmy spittle said, him and his crew had difficulty in just making their way to the regatta village through the crowds. combine this with the enthusiasm or combine that enthusiasm with the natural stadium that san francisco offers, then the america's cup i think we can all perhaps start to see will be simply sensational. they have raced all over the world and i can tell you that san francisco was at the front of the cue when the natural attributes were handed out. to me, the bay area is the perfect sailing stadium. you have strong winds. you have an open relatively deep waterfront where the boats can cut the sail right in close against the peers and so forth and having competed in the olympics in america's cup quite a few times, i

and spain if we get italy and spain game over if they've use this time to ring fence greece which was always the theory and if greece goes out but there's enough of a fund to protect the others recapitalize banking problems for italy and spain all will be well the problem is most of us think they haven't used this time to do anything except throw a plate in the air and hope it doesn't come back down if that's the case we could have an extendable moment in europe where europeans have to decide how much unity they want how much integration they want how much solidarity they're prepared to give up to save the euro or maybe the euro wasn't such a good idea in the first place no a put some analysts talking about say week until loop scenario that if greece was to go under then all eyes would start focusing on which was the next weakest economy and perhaps we could see some form of domino effect do you follow that policy as well but there could be contagion indeed because what we've done is stop believing that there is one rate in europe i mean what happened was these weaker southern countri

italy's been caught back up. >> and, remember, italy, we have been asking why hasn't italy been on top of the headlines. now, this morning, it seems they are expressing those concerns. the bankia is rallying. >> we have to walk people through the time lien of what's happening this morning. first we had spain's finance minister coming out and saying that in order to get around concerns that ecb might have about funding banks that it was going to issue debt directly and have this recapitalization plan. so on the back of that we sabankia shares that had been down double digits only 1% or 2%. then, rogs, as you're saying, we're just now getting word that spain's banks will need this $48 billion in euros and provisi provisionnprovisionns and meanwhile they're adding to concerns whether the trending funding position over the next year or so will be adequate. >> they said $84 billion, the money for bankia, they're going to raise on the debt markets. look where the yields are. so someone tells me they gooirng to raise money at, you know, 6% plus? >> it's simply not sustainable. >> put it into

and spain if we get to italy and spain game over if they've use this time to ring fence greece which was always the theory and if greece goes out but there's enough of a fund to protect the others recapitalize banking problems for italy and spain all will be well the problem is most of us think they haven't used this time to do anything except throw a plate in the air and hope it doesn't come back down if that's the case we could have an extendable moment in europe where europeans have to decide how much unity they want how much integration they want how much solidarity they're prepared to give up to save the euro or maybe the euro wasn't such a good idea in the first place no i put some analysts talking about say we come to loop scenario that if greece was to go under then all eyes would start focusing on which was the next weakest economy and perhaps we could see some form of domino effect to follow that policy as well but there could be contagion indeed because what we've done is stop believing that there is one rate in europe i mean what happened was these weaker southern countri

and spain if we get italy and spain game over if they've use this time to ring fence greece which was always the theory and if greece goes out but there's enough of a fund to protect the others recapitalize banking problems for italy and spain all will be well the problem is most of us think they haven't used this time to do anything except throw a plate in the air and hope it doesn't come back down if that's the case we could have an extendable moment in europe where europeans have to decide how much unity they want how much integration they want how much sovereignty they're prepared to give up to save the euro or maybe the euro wasn't such a good idea in the first place no upload some analysts talking about say week until loop scenario that if greece was to go under then all eyes would start focusing on which was the next weakest economy and perhaps we could see some form of domino effect do you follow that policy as well but there could be contagion indeed because what we've done is stop believing that there is one rate in europe i mean what happened was these weaker southern count

and spain if we get to italy and spain game over if they've use this time to ring fence greece which was always the theory and if greece goes out but there's enough of a fund to protect the others recapitalize banking problems for italy and spain all will be well the problem is most of us think they haven't used this time to do anything except throw a plate in the air and hope it doesn't come back down if that's the case we could have an extendable moment in europe where europeans have to decide how much unity they want how much integration they want how much sovereignty they're prepared to give up to save the euro or maybe the euro wasn't such a good idea in the first place no i put some analysts talking about say we come to loop scenario that if greece was to go under then all eyes would start focusing on which was the next weakest economy and perhaps we could see some form of domino effect do you follow that policy as well but there could be contagion indeed because what we've done is stop believing that there is one rate in europe i mean what happened was these weaker southern co

and spain if we get italy and spain game over if they've use this time to ring fence greece which was always the theory and if greece goes out but there's enough of a fund to protect the others recapitalize banking problems for italy and spain all will be well the problem is most of us think they haven't used this time to do anything except throw a plate in the air and hope it doesn't come back down if that's the case we could have an extendable moment in europe where europeans have to decide how much unity they want how much integration they want how much solidarity they're prepared to give up to save the euro or maybe the euro wasn't such a good idea in the first place no upload some analysts talking about say week until loop scenario that if greece was to go under then all eyes would start focusing on which was the next weakest economy and perhaps we could see some form of domino effect do you follow that policy as well but there could be contagion indeed because what we've done is stop believing that there is one rate in europe i mean what happened was these weaker southern countr

cbs news, italy. >> so much history. when i was over there one time, somebody was saying over here we think in terms of centuries. in your countries the states we think in term of decades. >> we do have some rain on the weather terrace, a little mist coming through. we do see showers coming from the east this way. also i want to share some really cool solar eclipse video from earlier today. a lot of folks saw this around the world, unfortunately not on the east coast. you can see the solar eclipse. this is a rare celestial treat when the moon blocks out most of the sun and creates this dazzling kind of ring of fire solar eclipse. the last time we had this type of annual solar eclipse widely visible for much of the u.s. was in 1994. we couldn't on the east coast. we got a call from a viewer who wanted to see it but not happening here but one of my friends on the west coast saw this not too long ago this evening. that was a fun scene to see, a lot of really cool pictures. in our neck of the woods we have clouds and showers

sometimes and italy misses his instrument he says pictures of his bandmates posted on the internet. this is a friend of mine we started at the music school together. this website is old it was created before he joined the band jewish religion. and italy fails to find any references to himself on the web his previous life is over yet there is still drums in his life although they play to quite a different tune now. my parents really truly honestly believe that what had happened was as a result of my father's exposure to agent orange i was born with multiple problems . i was missing my leg and my fingers in my big toe on my right foot i use my hands a lot in my artwork i find myself drawing my hands quite a bit to me. for my hands you know just as if anyone would. but they do tell a story they tell a story of. the oxen. i got the news sigrid laboratory tim curry was able to build one hundred most sophisticated robots which on fortunately doesn't give a darn about anything tim's mission to teach creation why it should care about humans and we're events this is why you should care only

just think about it in november we were talking about italy i wrote a post about what happens if italy defaults and you know i went through the scenario and all the see the us that are involved in that the bankruptcies in the bank runs etc and so for that i said serious policymakers are thinking about allowing this to happen obviously it would lead to another great depression so here we are again what happened with italy they came up with the goods they came up with the extend and pretend maneuver i think that's exactly going to see here again there's not going to be a greggs any time in the near future and we're going to continue on the same path until at some point something existential actually ok so as far as a status report. kate the debt deflation in europe what is the main main takeaway of where we are right now where we are is the beginning of bank runs if the these accelerate then they're going to have to come up with some good from a sovereign perspective you know greece can be managed to a certain degree it's spain and italy that's where the rubber hits the road so sovereign

just think about it in november we were talking about italy i wrote a post about what happens if italy defaults and you know i went through the scenario and all the see the us that are involved in that the bankruptcies in the bank runs etc and so for that i said serious policymakers are thinking about allowing this to happen obviously it would lead to another great depression so here we are again what happened with italy they came up with the goods they came up with the extend and pretend maneuver i think that's exactly going to see here again there's not going to be a grab any time in the near future and we're going to continue on the same path until at some point something existential actually happens ok so as far as a status report. date the debt deflation in europe what is the main main takeaway of where we are right now where we are is the beginning of bank runs if the these accelerate then they're going to have to come up with some good from a sovereign perspective you know greece can be managed to a certain degree it's spain and italy that's where the rubber hits the road so sov

work in italy. especially if you of a ph.d. they say you're overqualified. -- especially if you have a phd there are papers on molecular biology and international journals. but for companies, that just means they have to pay more. the pay is the problem. they prefer to take someone not as qualified and pay them less. >> more and more qualified workers are prepared to leave their home countries to find a good job. there has been a quarter more spaniards, portuguese, and battalion signing up for german courses than a year ago. she has signed up for a more advanced course in the institute. -- at the institute. >> a british parliamentary conclusion on the findings of the phone hacking scandal at rupert murdoch's newspapers. defines murdoch responsible -- it finds murdoch ultimately responsible. news corp. says the conclusions are unjustified and highly partisan. but the company acknowledges serious wrongdoing. they have admitted to hacking at least 800 phone calls. >> german carmakers have reported stro

earthquake, the second this month col. >> northern italy has been on alert for the past nine days since the first earthquake struck the region, and early this morning another tremor. last warehouses and factories to cracked and crumbling buildings s, parts of northern italy are devastated. >> i was inside. it was really bad. >> early this morning of 5.8 earthquake struck a remote area killing at least 15 people near the epicenter, the main cathedral collapse along with the town's oldest church. emergency crews are still searching looking for others believe to be trapped. the region is among the most productive in the country, and the prime minister pledged to help the residents. >> the state will do what needs to be done in the quickest way to restore the lives of such a productive region of italy. thousands of people were already living in the tents after the earthquake eight days ago appeared at those who have now survived to earthquakes and dozens of aftershocks and tried to figure out how to return to normal. >> the earthquake could be felt as far north as austria. it has been centu

the meanwhile former world number three and stumbled apps the first hurdle going out still italy's and they are in straight sets and fellow russian alex morgan mob is also out after withdrawing with a leg injury late into the first set against i'm not clear. meanwhile the french open is the only grand slam that women's world over to maria sharapova has never won but the twenty five year old has claimed to talk in his own place so far this season and riches are important assesses the russians chances in paris. this is the time to maria sharapova once more than anything because it saves one it's as did not leave last year the furthest a russian number one has ever gone to save me finals she's moving at home on hard courts such as fees but it's clean which is the twenty five year old to killie's heel however her fifth cup captain showed me a copy ships. should i put her has every chance of completing our sets by winning slams with her game has really improved recently she had problems with her serve but she's managed to improve this after injury if she manages to maintain a first serve pe

but i think that in italy as as where the violence come from. establishment with the politics of austerity when you have a cut in your wage. your wage when you cut social security when you of cut of. meant then you see that. the people are confronted with very violent process in their life the lose the. middle. i think we see that sort of reaction in the population and i think in the future the risk of other violence would come of course the first thing is that people and i think that we have to show that scene in many countries in europe in greece in italy in france in belgium in spain a lot of people are demonstrating nearly every day now in europe and they don't any don't see any change of the. you are there in the heart of it all in brussels the center decision making as we are discussing europeans have had their say today they've had it in the past as well are the m.e.p. and commissioners in brussels actually listening. no i don't think so they don't listen because they want. their working mostly for the bank we have seen in the financial c

tough enough to keep italy together on the fiscal side. i don't think the northern countries keeping the same person patter patterns. >> it's precisely this skepticism that is why we're seeing the mood dominating the markets. if that won't happen, there's really not a lot else that can be done to keep the panic from spreading. >> all the southern european countries and even the french probably want it on have what germ it any's got. but they don't with a to pay the price. after a month, they go, oh, no -- >> the difference is that they were doing it while the rest of the world was growing. also had the ecb setting policy for them, which is part of the reason we have the enormous bubbles. >> germans were the first ones to break the 3%. >> fair point. we're talking about what's a risky bond. bunds yields at the moment, what did we hit, 1.39%. two years, 0.28%. if you get any fiscal sharing -- >> the motto is never sell the bund no matter how stupid you look. it's just wrong. but the reality is that it's the only real euro that is out there.

but later on second seed rafael adult kickstart his title defense against italy is similarly by larry ranked outside the world's top one hundred andy murray faces tatsu eto'o project that david. asked the slow back to clash lots of. white on monday top seed novak djokovic who was a little slow out of the blocks but still sort of think of that italy in straight sets. still trying to find the rhythm on the court so. and you obviously play to play a very good first set. but when i look at it now after the match is already was it was good for me to have a tough first try to find good control over the. movement on the court you know it was difficult conditions as well. but to win it. for me was so it seed roger federer was in sizzling form against lesser known german tobias can't go first last it was always in control including this long final rally to win six two seven five six three in just under two hours the victory means a federal equals jimmy connors record of two hundred thirty three match wins in grand slams and this year's french open is also federer's fiftieth straight trip to .

just think about it in november we were talking about italy i wrote a post about what happens if italy defaults and you know i went through the scenario and all the see the us that are involved in that the bankruptcies in the bank runs etc and so for that i said serious policymakers are thinking about allowing this to happen obviously it would lead to another great depression so here we are again what happened with italy they came up with the goods they came up with the extend and pretend maneuver i think that's exactly going to see here again there's not going to be a greggs any time in the near future and we're going to continue on the same path until at some point something existential actually happens ok so as far as a status report. kate the debt deflation in europe what is the main main takeaway of where we are right now where we are is the beginning of bank runs if the these accelerate then they're going to have to come up with some good from a sovereign perspective you know greece can be managed to a certain degree it's spain and italy that's where the rubber hits the road so s

but in the meantime top seed never got a bitch is facing but he does that archie of italy's the serbian is looking to capture the only grand slam title missing from his collection after reaching the semifinals three times what for what world number three because i didn't get stumbled at the first hurdle and went down to italy's and their set be in straight sets and a fellow russian expert on all of the plays local wild card on the level. put in the meantime the french open is the only grand slam that women's world number two want to share up of the has never won but the twenty five year old has claimed two tournament on clay so far this season and richard found poor feet assesses the russian's chances in paris. this reassure me than anything. on a cruise that shaves one each as didn't. lift. service for russian number one is ever going to save me finals she's moving at home on hard courts such as fees but it's claimed which is the twenty five year old's achilles' heel however her fate cup captain shut me up happy ship says should i put or has every chance of completing a sense by winnin

reporting live from italy on this morning's earthquake in northern italy. >>> 7:46. well, 19 people have died, including 13 children after a fire at a popular mall in the middle east. it happened yesterday morning in dotat. investigators say some victims died while trying to reach a child care center. four peachers and two rescuers are among the dead. 17 others were hurt. one witness says the sprinkler systems and fire alarms didn't work properly. >> a i -- as i continued on, i noticed the smoke was about to get heavy. >>> in egypts thousands are protesting the results of that country's first presidential election under a formal premiere that hosni mubarak was named to have made it through the first part. [chanting] >>> some protesters smashed windows of mubarak. >>> john edwards has arrived at the north carolina courthouse as jurors went back to their deliberations. edwards faces six felony counts of financial corruption. he's accused of losing some a million dollars from his two owners to help hide an extramarital fall and his mispress it be. >>> barry bonds says h

that is another deadly earthquake in northern italy italy and let's in two weeks. what i was in happened about that share of of san francisco later on tonight >>erica: 101 southbound coming out of novato pass highway 37 is backed up due to an earlier accident. speed it down to the single digits. the drive is now 48 minutes out of the bottle into sentences of. christie delays on caltrain -- we are seen delays on caltrain about the minister the severance -- the golden gate bridge and the san mateo bridge of no the place. >>james: are finally seeing some blue. bay in the morning their areas of low clouds. afternoon it will warm up a bit of the the breezes spots. we will see some actual hot temperatures coming mid- week. we will go over that later. >>darya: as a developing story in the south bay. authorities are in the water pit will train is on the scene. >>will: here is a video that i got a the searchers in the water. this is the exclusive video. this all started about 5:00 last night when a woman called in after she noticed two men get into an argument in both of th

frankfurt was down nearly 2% italy and spain, 2.7% each greece saw a fall of 4.6% meanwhile, over in the bond market, investors unloaded the sovereign debts of fiscally strained countries, yields for ten-year government bonds briefly rose to the 6.3% level in spain and to 5.7% in italy. so how are overnight moves affecting japanese shares this morning? we go to ramin mellegard who is at the tokyo stock exchange for more. ramin, markets remain super jittery. what should investors here be focusing on? >> good morning to you ai. you mentioned some key factors there, of cosearkets really weigd down by events in europe, as well as continuing concerns about the huge loss at morgan chase, which is weighing down on banks and brokerages as well. yesterday the nikkei closed higher but below the key 9,000 level. opening levels for this tuesday just to get a sense of direction for the markets here and you can see again, we are continuing the overall trend lower, 8,894 for the nikkei 748 for the topix. also moody's investor service downgraded 26 italian banks. i know you'll have more details on t