and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you have to work hard on the technical side so it means reinsurance and insurance rates have some pressure from the future investment return side. that's partially why the sector has done well this year. >> stefan, thanks for joining us. good to talk to you. >> thank you very much. >>> recorrected a proposal from extrat take to take control of the business while unveiling a $1 billion rights issue. earlier we spoke to the acting ceo and here's what he had to say. >> we have certainty around the funding of $800 million, 817 plld, a

the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. >> reporter: xi will likely be joined at the top by the man widely expected to become china's next premier. >> lee became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. lee became vice premier in 2008. lee is 57 years old. he hails from a province and is currently in charge of domestic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. hiss classmate told us li also dedicated himself to studying english. he said the man who will become china's premier show nod sign he would become a politician. >> i think every single day he had a lot of tickets in his pocket. in one side, he write english, another side, chin

where the u.s. was most involved in various countries in central america what you actually saw was a decline in democracy in a continuing support of autocratic regimes and we can see that straight through it's also i think the case in case you want to be and. that's fine tom go ahead it's certainly true that the united states is often inconsistent in its policies with respect to democracy but the fact that it's inconsistent doesn't mean it's insignificant united states has come in on the side of democracy in many countries and the fact that we're still very close to the saudi regime i think is in an unfortunate in many ways and is a reality of our economic and security interests there but the fact that you have some cases that fall on one side of the line doesn't mean there haven't been many significant cases on the other and so i don't think we should overstate the fact that the united states isn't always in consistent to say therefore that u.s. democracy promotion is just a sham ok charles i mean

to the u.s. when the u.s. at least in part of the us is now has a different status. goes on to say that i believe this obliges us to rethink the relationship in regards to security this is an unforeseen element and this frustration is shared by leaders throughout latin america who after four decades fighting on the front lines of the u.s. government's militarized drug war are now questioning was one of the high cost of lives in places like honduras and guatemala the stakes are the most high considering how the u.s. drug enforcement agency or the da a u.s. taxpayer funded entity regularly conducts raids and targeted killings of foreign nationals under cloak of impunity so check this out and recent years the u.s. has been sponsored coups in both. paraguay and continues to fund their notoriously corrupt police and military forces in countries like honduras the us government whores money instead into institutions that are in many ways a forefront of drug trafficking so who does this all really benefit here well it becomes a little more clear when you look at a map of u.s

u.s. has approved steep trade tariffs, a move officials here say could backfire and cost american companies this market. >> translator: someone asked me are you in a trading war with the united states? i said no. i hope we can sit down and discuss and try our best not to get involved in trade war. but i must say when others tackle businesses, i have to protect our businesses. >> policymakers also attempted to ease concerns about a brewing debt crisis here. >> translator: the bad loans have been on the rise this year, mostly due to the difficulties in management of some industries. but the overall bank as a quality stable and the risk is under control. ratio almost the same as that at the beginning of the year, far lower of the world's major banks. >> regulators and bank executives said that chinese banks have spread the loans across several different sectors including steel and solar panels help to go mitigate the risk, however there is still widespread concerns that overcapacity in severa

the incumbent u.s. president defeats challenger mitt romney to win the u.s. election. with the u.s. having made its choice so we look at how the word might affect america's ties with the rest of the world will be assessing the reaction live with our correspondents in london the middle east and moscow. and another news that today are turning up the heat travel set up with those charity in athens event of their anger ahead of a crucial vote in parliament that could see the already savage cuts only getting more brutal. you're watching lardy a live from moscow good to have you with us top story barack obama has vowed to move america forward in a victory speech to cheering supporters after winning the u.s. election to stay in office for a second term. america's incumbent leader has come from the council to be paucity seventy electoral votes threshold in what had been a hard fought campaign republican challenger mitt romney conceded defeat after losing in a number of key battleground states is gonna teach again has been following the developments in washington. well mitt romney has accept

in the u.s. election the alternative candidate seems voices have gone largely on the during the campaign given a crucial stage on our teeth barack obama and mitt romney make their last plea for votes in the final hours of the presidential race. voting problems caused by last week's superstorm sandy lead to the widespread use of online voting cybersecurity experts warn it could result in fraud which could ultimately swing such a tight race. that we look at how the outcome of the election could affect the course of america's foreign affairs and its relations with the rest of the world. a very warm welcome to you from all of us here at the moscow rule received. russia as a president vladimir putin has sunk to one of the country's key ministers the head of the defense department now the move follows a recent corruption scandal around the ministry and the start of a criminal investigation details now. shawn thomas today so good to see you sean a it's a high level shakeup what we're talking about here

citizens has he been killed u.s. soldiers in terrorist attacks suddenly in the middle of the war on terror gets pardon how does that happen for a lobby how does that happen money campaign contributions niemi k. basically took that script and they said well what it could offer you that was successful he started lobbying aggressively they took some other steps to it's impossible to discount those but the emmy kay went on a very aggressive lobbying campaign and within just a couple of years was successful gets taken off the terrorist watch list suddenly and this is a group that we do know committed terrorist acts will we know for a fact that they did and so you see the power of lobbying when you see these cases like the in the k. like elected office libya is really can fundamentally change the way that we perceive foreign policy and it can change outcomes and they're not always for the good regardless of what you think about the in the u.k. this was not the decision we had before that lobbying effort started and it's bi

in the u.s. as oh the u.s. is on the path of japan they either say that because they want to say how bad the u.s. is doing and how long this is going to be or they say hey look you know you can keep sputtering along for a really long time without just like. falling off the map and being priced out of the bond markets overgaard less does this kind of energy outlook mean that the u.s. if you're comparing it to japan could age a little better because a change like this i think it could it's funny it's you know four years ago when this whole process of q.e. started in our recession if you said that looked like japan you'd be laughed out of the room everyone would just say oh we're not japan we're not japan you could mention any one of our markets not like japan four years into it more and more people are saying oh you know what we look a lot like japan so we need to do something we need something other than q.e. in this monetary stimulus and i think you know a real effect of energy policy where we get jobs getting

by most estimates if we go over the cliff, the u.s. onomy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he described the coming automatic cuts in government spending and increases in taxes as, quote, "a massive fiscal cliff," end quote. here's what he was describing: on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress and the white house that set the deadline in hopes of forcing each other to cut the federal budget deficit and begin to address the growin

the u.s. naval academy. what does that title mean. >> guest: well, we represent the permanent military professors, a hybrid, a joining of the professor officer corps and professor and the professional educators here at the naval academy. i spent the first half of a naval career flying aircraft for the u.s. navy, and about ten years ago made the transition to academia, where the navy provided an outstanding opportunity to go back to graduate school and get a specialty in a geographic part of the world where i specialize in middle eastern history. >> host: and now an author. "the politics and security of the gulf" is the numb of your book. that's kind of a big topic. >> guest: it is. it's part of the world where the united states has been involved in three hot wars in the past generation, the iran-iraq war, desert shield, desert storm, and operation iraqi freedom. it's a big topic, and it needs to be discussed, and investigated, which is part of the reason why we took on this topic. >> host: in

and the u.s. says oh the u.s. is on the path of japan they either say that because they want to say how bad the u.s. is doing and how long this is going to be or they say hey look you know you can keep sputtering along for a really long time without just. falling off the map and being priced out of the bond market but regardless what does this kind of energy outlook mean that the u.s. if you're comparing it to japan could age a little better does it change i i think it could it's funny it's you know four years ago when this whole process of q.e. started in our recession if you said that looked like japan you'd be laughed out of the room everyone would just say oh we're not japan we're not japan you could mention to anyone our markets not like japan four years into it more and more people are saying oh you know what we look a lot like japan so we need to do something we need something other than q e in this monetary stimulus and i think you know a real effect of energy policy where we get jobs getting the energy we

u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that a

right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do believe it's going to happen you have actually identified some companies and industry sectors that will be winners and losers if there is cerinlyoes happen. let's look at the list. go

so many nations the u.s. election is almost as important as their own whether it be because of financial aid or protection and after four years of a bomb international leaders know who they're dealing with which is not the case with his republican rival what is your opinion of looks at what the democrats might have in store for the world or indeed the republicans what they should have in store for the world if i they get in power. i've come here to cairo to seek a new beginning between the united states and muslims around the world charismatic promising in new barack obama swept into office on the wake of the yes we can euphoria invoiced greed aspirations which even got him through two thousand and nine nobel peace prize we knew that change had come to egypt today the libyan people are writing a new chapter. obama personally supported the arab spring but as soon as all governments fell a new powers emerged the murder of u.s. diplomats in libya and white spread anti american protests all over the muslim world

where the u.s. was most involved in various countries in central america what you actually saw was a decline in democracy in a continuing support of autocratic regimes and we can see that straight through it's also i think the case in again oh yeah and. that's fine tom go ahead. it's certainly true that the united states is often inconsistent in its policies with respect to democracy but the fact that it's inconsistent doesn't mean it's insignificant united states has come in on the side of democracy in many countries and the fact that we're still very close to the saudi regime i think is in an unfortunate in many ways and it's a reality of our economic and security interests there but the fact that you have some cases that fall on one side of the line doesn't mean there haven't been many significant cases on the other and so i don't think we should overstate the fact that the united states isn't always in consistent to say therefore that u.s. democracy promotion is just a sham ok charles i mean the

how people react on this declaration of the u.s. the head of the u.s. that he is the enemy that he. should be. should be seen like the taliban or. terrorists and want to drill in asuncion main concerns expressed to you how he thinks where the situation is going well i met him in a very very good mood. especially in a very good psychological more he's a very strong person and he is very. self confident and confident about this what he has done he knows that was right and. the only thing that would like to free men and. got the opportunity to his replies to the swedish government and the security. in sweden is he optimistic well he hopes that he will soon get the opportunity to reply on these accusations. done by the swedish side and therefore he hopes that he will get it. from great britain and sweden that he will not be extradited to the us few people have actually seen the conditions in which leaves these days the embassy we only know we all have been hearing that there is a very small room telephone and internet connection so could you please give us an idea what a live in conditi

u.s. president barack obama and chinese premier wen jiabao held bilateral talks before the summit began on tuesday. they both seek closer ties with southeast asian countries as part of their competing regional strategies. >> it's important that our two countries cooperate to build a more secure and prosperous future for the asia-pacific region and for the world. >> despite their friendly words, both sides took their differences with them to the east asia summit. obama called on the country's concern to quickly draw up the code of conduct. one indirectly said the united states should not be involved, stating that the disputes should not be internationalized. now, obama's trip to asia is a sign that america's so-called pivot to asia strategy remains unchanged after his re-election. his visit to myanmar was criticized by some observers. they say it was premature. obama went ahead anyway, a signal of his desire to increase u.s. influence in southeast asia and keep china's ambitions in check. n

to the u.s. when the u.s. at least in part of the us is now has a different status. goes on to say that i believe this obliges us to rethink the relationship in regards to security this is an unforeseen element and this frustration is shared by leaders throughout latin america who after four decades fighting on the front lines of the u.s. government's militarized drug war are now questioning was one of the high cost of lives in places like honduras and guatemala the stakes are the most high considering how the u.s. drug enforcement agency or the da a u.s. taxpayer funded entity regularly conducts raids and targeted killings of foreign nationals under a cloak of impunity so check this out and recent years the u.s. has been sponsored coups in both. paraguay and continues to fund their notoriously corrupt police and military forces in countries like honduras the us government pours money into the into institutions that are in many ways a forefront of drug trafficking so who does this all really benefit here well it becomes a little more clear when you look at a map of u

their u.s. distributor filed for chapter 11 bankruptcy protection today saying it would no longer sell cars in the u.s. mainland. suzuki mostly sold small cars and full wheel drives in america, but only sold 26,000 vehicles last year. by the end of september, its u.s. distributor had accumulated $346 million in debt. it's now the second japanese carmaker to exits the u.s. car market, but it will continue to provide parts and service for existing customers. suzuki hopes to strengthen its earnings in europe. shares rose on the news, but investors are looking ahead through friday when a sue szuki reports earnings. >>> and another japanese maker is planning to k3exit europe in january. they blame partly the yen's strategy. >>> still to come, nestle has a recipe for growth. we'll find out the its ingredients from the ceo. >>> debt troubles continue to steer multinationals toward kree merge memaernerging markets. we recently caught up with nestle c efeo. what did he have to say? >> essentially he's re

dictator why would the u.s. do this i thought we were all about spreading democracy well once you throw a little oil in the mix democracy gets kicked to the curb proud of who b.p. or british petroleum controlled all of iran's oil production so when iranian prime minister mohammad saadi nationalize the oil industry. britain took iran to the world court how dare a country try to manage it manage its own resources well when britain lost the claim they turned to president eisenhower and under the pretense of iran being a communist threat they urged the us to intervene the newly formed cia staged operation ajax a crew to overthrow the democratically elected government of iran and after that iranian oil was once again flowing into the control of britain the us the netherlands and france under harsh autocratic control the shah backed by the us ruled iran for the next twenty five years after decades of protests and one hundred seventy nine two million people flooded a square in teheran started a general strike which shu

drug enforcement agency or the da a u.s. taxpayer funded entity regularly conducts raids and targeted killings of foreign nationals under a cloak of impunity so check this out and recent years the u.s. has been sponsored coups in both and paraguay and continues to fund their notoriously corrupt police and military forces in countries like honduras the us government whores money instead into institutions that are in many ways a forefront of drug trafficking so who does this all really benefit here well it becomes a little more clear when you look at a map of u.s. bases in latin america the countries you see highlighted all host to u.s. military bases and under the pretext of helping these countries fight the narcotics industry the u.s. is continuing its historic role of using latin america for its own imperialist strategies in the same way the u.s. is bombing and setting up military strongholds in countries like yemen somalia pakistan and others on the auspices of fighting the war on terror u.s. military construction of bases

policy that is the big secret behind all the talk about u.s. foreign policy which you can't mention manged to you that it's retaliation on their part and so that's that's what i expose and that's why all these people you're speaking about. let's let's shift to kelly and i mean you like your exam and you lay out fifty examples of u.s. military cia interventions sense of world war two i mean and what you were just saying you know how they don't put it into context they don't explain the historical significance of these interventions when we're when we're hearing about the wars and they sell the wars to us phyllis bennis from the institute for policy studies said something very interesting recently about perception and she said history can be determined when you start the clock of course she was referring to the establishment given you know starting with the palestinian israeli conflict just a couple weeks ago you know with the rockets being fired without of course giving this long struggle of intervention why you know why do you think that we do

sees no evidence that u.s. air strikes, u.s. drone strikes, have led to an increase in the number of operatives within al qaeda. i think that's either incredibly naive or deliberately misleading. and one of the potential reasons for that may be that the u.s. -- u.s. policymakers in yemen just don't get out and don't interact with a lot of yemenis. there are obviously very real security concerns. we all know the situation in benghazi. obviously u.s. diplomats abroad are a target. i was just in yemen a couple of weeks ago. i visited the u.s. embassy. it's very, very difficult to get in and once you're in, you don't really get out. when i first started going to yemen, about a decade ago, you had u.s. diplomats who were based all throughout the city, they would travel throughout the country. now the situation is that the u.s. diplomats all live in essentially what's a little green zone. so you have them staying at the sheridan hotel which is right above the embassy in sort of the secure corridor, and then going to work at the embass

plowing money into u.s. assets, u.s. companies at a record pace. already $8 billion worth this year. can you bank and this trend? make some money off it. the managing director at harris williams to tell you how to invest not necessarily in china, but with china. liz: we have breaking news, teavana is moving higher, up more than 28%. here is the one-week chart. a huge move to the top for teavana jumping $5.30, 52% jump, what is going on? starbucks plans to buy teavana holdings. the one-year chart, it was a lot better. starbucks came in and you can see it is pretty good. starbucks is falling just about 2%, if we compare these two, is starbucks and teavana. teavana became a cheaper stock, not bad at all. let's take a quick look at the dow jones industrial, john chambers coming up in the next couple of minutes. lockup expiration date for facebook. nicole petallides, a bit of behavior the stock is having today. nicole: it is true, it gives the opportunity for insiders to sell if they were in on the ipo or the original shares they have the opportunity to

you had the u.s. army, the u.s. navy, the state department and fbi cut treasury, commerce and every major agency in the u.s. government had its own intelligence service specialized nature. so it was created to naturalize or centralize that intelligence existence which is something that the model offered the british which is also very controversy all major -- major because there are blamed by inference in the british system. so it was a very interesting experience because in world war ii was the prior opportunity for the proponent of a centralized intelligence to prove its worth? ?d that's likely it was???? fascinating and generated a lot of argument for the purpose of providing the legal??????? justification.????????? it became a very important??? ground because all that exist in military generals or admirals' did not like having the overarching intelligence service working under them because they are the local boss. and only in china the command structure was a mess. there was no unity of com

to the u.s. when the u.s. at least in part of the us is now has a different status. goes on to say that i believe this obliges us to rethink the relationship in regards to security this is an unforeseen element and this frustration is shared by leaders throughout latin america who after four decades fighting on the front lines of the us governments and militarized drug war are now questioning was one of the high cost of lives in places like honduras and guatemala the stakes are the most high considering how the u.s. drug enforcement agency or the da a u.s. taxpayer funded entity regularly conducts raids and targeted killings of foreign nationals under a cloak of impunity so check this out and recent years the u.s. has been sponsored coups in both. paraguay and continues to fund their notoriously corrupt police and military forces in countries like honduras the us government whores money instead into institutions that are in many ways a forefront of drug trafficking so who does this all really benefit here well it becomes a little more clear when you look at a map of

the u.s. case, it was a very public and openly fought processing resulting in president obama's reelection for a second term. in the chinese case, the decisions were made behind closed doors and by non- transparent means. resulting in the appointments of senior leaders of the eighteenth party congress of the chinese communist party, the new general secretary of the chinese communist party as well as chairman of the military commission. this morning, we plan to review the political things we have observed in both systems, asked what they can foretell about the future political and economic directions in terms of debate in both countries. some of the major challenges that i think confronted both leaderships, and assess the possible implications for u.s.- china relations and east asia as a whole. our focus will be much more of the chinese side of the story. i think that this reflects the enormity of the challenges both internal and extern all that china confronts. the extent of leadership turnove

narrator the u.s. i.n.s., or immigration and naturalization service, records each apprehension on standard forms, including one entrywith hid: it was the migrants' home towns inexico. that's whabringseograpr richard jones to the i.n. with a novel reseah plan. jones knows that economic conditions vary greatly om region to region in mexico. he suspects that some places drive ou- or "push"-- many more migrants to the u.s. than others. hehis investigation beginses driin tly90s "push"-- aris hom in sanoniotes. jones lieves many secrets are stored in i.n.s. files like tse. can they reveal where most migrants come om? can the answers help both countries keep more ople at home? cjones sampless every tenth record, writing down the area of origin within mexico. back in his office at the university of texas, he enters the values into a map of mexico. jones marks in blue the wnships that send an above-average number of migrantso e u.s. jonea pattern emerges that reveals much about thchanging econocage numbeansocia

for many nations the u.s. election is almost as important as their own whether it be because of financial aid or military protection they know what a bomb is all about but mitt romney on the other hand is an unknown quantity auntie's alexian a chef he looks at what the republican candidate might herald. if mitt romney wanted to make friends across the atlantic during his summer tour he's certainly failed first he doubted britain's preparations for the olympics then he angered palestinians by calling jerusalem israel's capital even though washington does not recognize israel's annexation of its eastern lands romney has been bashing europe in his campaign back home but across the pond many have been thinking where they say he really has a clue what was happening in the old world and some are even openly concerned about his potential when there is a fear of victory will see or for the implementation of free market measures particularly tax cuts which can only encourage governments like david cameron from britain

where the u.s. was most involved in various countries in central america what you actually saw was a decline in democracy in a continuing support of autocratic regimes and we can see that straight through it's also i think the case in haiti oh yeah and. that's fine tom go ahead. it's certainly true that the united states is often inconsistent in its policies with respect to democracy but the fact that it's inconsistent doesn't mean it's in significant united states has come in on the side of democracy in many countries and the fact that we're still very close to the saudi regime i think is in an unfortunate in many ways and is a reality of our economic and security interests there but the fact that you have some cases that fall on one side of the line doesn't mean there haven't been many significant cases on the other and so i don't think we should overstate the fact that the united states isn't always in consistent to say therefore that u.s. democracy promotion is just a sham ok charles i mean the

polls in the u.s. have opened and for the first time in history americans are embracing election day in the shadow of a deadly super storm that left behind a trail of devastation and voting disruptions here in new york city sixty polling sites have been relocated due to the unprecedented damage caused by sandy just one week ago city officials say military trucks will also be used throughout the day as makeshift polling stations in areas still without electricity this is of course is to ensure that all citizens will be able to cast their votes now when nearby new jersey millions are being allowed to cast their ballot by fax mail or online the last minute decision was made after a reported two hundred fifty polling sites in the garden state were damaged by last week's superstorm now as government officials along the east coast are scrambling to ensure that millions are not disenfranchised from the presidential election cyber security experts warn that online voting can't be verifiably secure and this cou

is doing in the u.s. and think the company can build on its success. >> it's just the basics of good marketing, good product so that the customers have the perception of a good package, a good vehicle, at a reasonable price. >> reporter: recently, volkswagen announced plans to invest $65 billion in its nearly 100 plants worldwide, including its chattanooga, tennessee, plant, where it plans to increase production of the passat. v.w.'s browning thinks industry- wide sales could hit 15 million units here next year, if the s. quickly solv its budget problems. >> clearly, there's a lot of issues in terms of the fiscal cliff to be addressed, and we don't expect them to be impacting consumer confidence too heavily. but the longer those debates go on, the more uncertainty there is in the market. >> reporter: browning thinks with products like the beetle convertible, volkswagen can continue to gain traction with u.s. consumers. diane eastabrook, nbr, chicago. >> tom: tomorrow on nbr, our friday "market monitor" gu

for live coverage of the u.s. presidential election plus a plenty of expert opinion and analysis on our and online. of the six american votes for its next president. who will take the wheel as the u.s. drives into the. get the news the mainstream missings without a close election. the u.s. election up close. and r.t. dot com. a series of deadly blasts have had syria killing mall than sixty people want to expose in targeting syrian troops took place in a flashpoint hama province where as other tags roll through the capital damascus claiming civilian lives artie's middle east correspondent policia has more details three major attacks have taken place across syria on monday in the first a suicide car bomb that killed more than fifty syrian soldiers as well as pro-government gunmen now it happened in the central syrian province of hama and according to reports the attack was carried out by an al qaida inspired islamic militant group states also say that only two people were killed but we have no way of independently v

to live here moscow news continues now the u.s. campaign in afghanistan to suffer the military grade blow with at least two celebrity generals and veterans of the intervention falling from grace sex scandal that started with revelations of the ex cia chief having an affair as now claim the reputation of the current afghan campaign commander on the cover of explains. in the papers here in afghanistan petraeus star and battlefield felled at cia by an affair the situation the reaction on the ground has been one of outrage people are really quite confused by this whole scandal one of the comments that i heard from a person who wish to be anonymous in the foreign ministry is office was they founded really indicative of how well the afghan war effort is going in terms of u.s. policy if the top general in charge of it had time to send twenty to thirty thousand pages worth of inappropriate e-mails people here have also expressed some confusion as to why these kinds of scandals would force these top men to resign and not for example the sca

the u.s. becoming energy self-sufficient as a result of it and if so and what timeframe first of all no they will not be energy self-sufficient and the time frame of the given if you go back through history the reports there is many many years just like america was going to be a major net importer of l n g energy just ten years ago so the game changed that said there is a lot of potential for the shale gas but you see that it all comes down to costs what price those that block in the coal now so saudi dakoda what price is the box and when will it become you know cost effective but what price is the eagle ford you know will work for the americans and the reality is it does not work at fifty dollar will if they want to use the unconventional oil you're going to need plus eighty dollars prices moving forward that said let's not forget that a lot of these unconventional she'll be isms are what they call liquid rich but it's mostly that they're getting the gas and that's where we're going to get th

low i mean i understand that eventually people may not want u.s. debt u.s. government debt but that day seems far away look in a yield like that we don't know how far away that day is it's a mania i mean it's crazy that's what it is in fact the united states is borrowing today at a much lower rate that it borrowed ten twenty thirty years ago despite the fact that it's far less credit worthy than we were ten twenty thirty years ago you know we were a better risk that then yet it cost us more to borrow you know it's just like the mentality around the internet bubble around the the real estate bubble fundamental you can't look for an explanation it's your rational right irrational exuberance it is a mania it is a bubble but clearly argued that also if the us wasn't buying treasuries that the fed wasn't involved in the bond market that bond yields would actually be lower. no that's impossible the fed the fed is the biggest buyer of u.s. treasuries so if the biggest buyer wasn't there you wouldn't have prices going up but let me explain let me explain let me give

peter look at the u.s. is borrowing costs i mean you hear all throw up a chart of ten year treasury yields i mean we've just seen them really decline so why despite the u.s. has continued borrowing despite the downgrade of the u.s. credit rating last summer i mean how do you explain that treasury yields are so low i mean i understand that eventually people may not want us debt u.s. government debt but that day seems far away look at a yield like that we don't know how far away that day is it's a mania i mean it's crazy that's what it is in fact the united states is borrowing today at a much lower rate that it borrowed ten twenty thirty years ago despite the fact that it's far less credit worthy than we were ten twenty thirty years ago you know we were a better risk back then yet it cost us more to borrow you know it's just like the mentality around the internet bubble around the real estate bubble fundamental you can't look for an explanation it's your rational irrational exuberance it is a mania it is a bu

would significantly diminish its share of the u.s. market so joining me now with a much more new wants to view of the factors involved here is to say he's chief energy investment strategist at casey research and i'm very very happy to have you on the show thank you so much for being on with us today my pleasure ok so let's bring up the. view in terms of the demand and the production in u.s. oil we actually have a chart which we're going to bring up but it shows how they're forecasting that demand will go down and that production will rise now this is attributed to shell oil and gas in the. some like jamie dimon have called this a gift from the gods others considered a commercial failure and are concerned about the environmental impact so my question is what is your view on it particularly do you see the u.s. becoming energy self-sufficient as a result of it and if so and what timeframe. first of all no they will not be energy self-sufficient and the time frame given if you go back through history the reports there is many many errors

in the u.s. stocks actually gets a two to three percent volatility subsidy for the first time in the history in the history of the ministry of water markets wow what do you know will critical stick right there because i want to talk about what this means for the yen when the japanese bond market so we'll have more with chris coleman energy partner of artemis capital management fund in just a moment and also still ahead with black friday the biggest shopping day of the year coming up in the u.s. could protests a back to one of wal-mart's most profitable days and what are other big box retailers doing that are so different from wal-mart but first your closing market numbers. the news today violence is once again flared up. these are the images the world has been seeing from the streets of canada as. charlie corporations rule the day. sometimes you see a story so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought y

he says the u.s. must maintain its own strength to create stability around the world. >> it is our responsibility and the responsibility of the president to use america's greatest power to shape history. >> reporter: both candidates have talked about relations with china but often in economic terms. neither has explained enough how he would deal with beijing diplomatically. china is now the world's second largest economy. it's also strengthening its military power and it's growing more assertive in territorial disputes. professor zhao quansheng is an expert on asian policy at american university in washington, d.c. he says both obama and romney would, if elected, continue the u.s. policy of engagement in the region. >> asia-pacific is a natural choice for the priority of u.s. foreign policy given the very size of economy, and this is the most dynamic region in the world. think about -- i mean, u.s., china, japan. number one, number two, number three economies, all in asia pacific. >> reporter: zhao sa

. policies and u.s. leadership on this point? jim zogby: let's start with the last point. tom gjelten: okay. jim zogby: it's a favorite of mine because it actually comes from the old colonial mindset of if you're firm and tough and look them straight in the eye, and they'll cower and bend over and say sahiv [spelled phonetically]. and brits tried it, and it didn't work. we tried it, and it's not working, and yet it's still being taught. bernard lewis is still viewed as an expert in some strange way as the guy who taught us how arabs think. on the other point, the public is war-weary and wary about new wars, precisely because of how badly handled the iraq war was in particular. afghanistan did not create a real dent in terms of arab opinion, and i think for the most part, as we saw from the data, the public largely dismissed it and or just tolerated it until the corner was turned and we went up to 100,000 troops and now there's a real focus on that one. but in terms of both american public opinion of the war and arab opinion of am

are you surprised that you guys have to defend the u.s. taxpayer? not the u.s. government knocking on this door? >> i'm not surprised. it is not easy to come up, come forward and stand up and tell the truth. but it's the right thing to do. >> reporter: their case, set for trial later this year. >> drew griffin joins us now is there a chance davita just settles this case like the one they settled in texas and put all these allegations behind them, continue to do business with the government? >> the attorney for davita couldn't rule that out but insists this time they will fight the allegations, as for continuing to do business with the government, that is the bread and butter of davita's $7 billion business. davita needs the government, wolf, and will most likely do everything it can to make sure it has that contract in place to keep working. >> yet, even with all of the money at stake, drew, and so much fraud being alleged, here, why isn't the government's own lawyers taking up the case? is davita right in saying that is the case? >> where are the government's l

foods in the u.s. people are unaware of what the consequences are of consuming these foods in fact voting yes on prop thirty seven seems like a no brainer but the efforts of those who profit from keeping us in the dark are pouring tens of millions of dollars into a distant from asian campaign to stop prop thirty seven reports from last week show that over forty one million dollars has been invested into the no on prop thirty seven campaign check it out. thirty seven proposes a food labeling requirement the american medical association called scientifically unjustified and ministering thirty seven's complex regulations with waste millions of tax dollars of all throwing on a lab coat and a stethoscope does not mean this lady is a doctor or that she gives a crap about your health and to say that a label even would be scientifically unjustified is calling the forty other countries that require labels or a straight up ban g m o's stupid look the cost for california residents is in consequential if you actua

by most estimates if we go over the cliff, the u.s. economy will plunge into recession. >> susie: we look at the impact of the coming cliff and whether congress and the white house can strike a deal. >> tom: that and more tonight on n.b.r.! it was the chairman of the federal reserve ben bernanke who first called it a fiscal cliff. he described the coming automatic cuts in government spending and increases in taxes as, quote, "a massive fiscal cliff," end quote. here's what he was describing: on january 1, 2013, tax breaks worth $416 billion will expire. spending on things like defense, medicare payments to doctors will be slashed by $65 billion. add it all up and you are talking about cutting roughly half a trillion dollars from the federal budget. the congressional budget office and others warn going over the cliff will send the economy into a recession in the first half of next year. it was congress and the white house that set the deadline in hopes of forcing each other to cut the federal budget deficit and begin to address the grow

sees no evidence that u.s. air strikes, u.s. drones strikes have led to an increase in the number of operativeses within al qaeda. i think that's either incredibly naive or delibtly misleading. and one of the potential reasons for that may be that the u.s. policy makers in yemen just don't get out and don't interact with a lot of yemenees. there are obviously very real security concerns. we all know the situation in benghazi and libya. obviously u.s. diplomats abroad are a target. i was just in yemen a couple of weeks ago. i visited the u.s. embassy. it's very, very difficult to get in and once you're in you don't really get out. when i first started going to yemen about a decade ago you have u.s. diplomats based all throughout the city, they would travel throughout the country. now the situation is that u.s. diplomats all live in essentially what's a little green zone. so you have them staying at the sheraton hotel which is right above the embassy in sort of this secure corridor and then going to work at the embassy and then go

u.s. society is definitely becoming a lot more socially liberal we know that according to a gallup poll house of american support same sex marriage so if the system were to work somewhat differently for example the u.s. were to throw federal referendum it's quite possible that this issue would just become a non-issue all together. on a federal basis instead of being decided on a state by state level but still this is a big big through because right now what we have is a total of nine states plus washington d.c. that have legalized same sex marriage and this is certainly a very big one fifth of the country and definitely with this new kind of hope that this vote has brought for for advocates it's definitely something that's not going away and definitely something that's going to continue developing and. become more of a solution really in the years to come and this is something that we would never have seen see even a decade ago. you brought up polls i mean a lot of young people also consid

right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do believe it's going to happen you have actually identified some companies and industry sectors that will be winners and losers if there is certainly does happen. let's look at the list.

right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all right, but if you do believe it's going to happen you have actually identified some companies and industry sectors that will be winners and losers if there is certainly does happen. let's look at the list.

., on the u.s. domestic economy and, therefore, u.s. global competitiveness is the fiscal cliff. so, steve, paul krugman advised the president this morning to just say no. what's the president going to do? >> let me get my phone out, and i'll find out for you. [laughter] i do find it amusing that whatever you and the previous speaker said of me, everybody laughed. so i don't know what that says about my credibility. um, i don't know what the president's going to do. i guess he's speaking at 1:30, heidi and i were discussing it before, and we'll get some tone from where he's coming from. i would simply say i disagree with paul krugman. i think it's great the president won. i think he got a mandate. i think the country's spoken in terms of what kinds of fiscal policies it wallets. there was a lot -- wants. there was a lot of commentary during the election about how neither candidate put forth a clear policy agenda for the coming years, and there's some truth to that, but they both made clear the outli