. >>> spain's finance minister is heading to germany. if he's going to get knit help with his growth strategy? we'll have more when we come back. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs,

in europe, august of 2011 spain and italy were under pressure. we're going to reopen our purchase program but here's a letter six explaining exactly what you do. it was clear it was a quid pro quo. if you raise your taxes they say and change these regulations and fix your economy and the space, will keep the pressure off by buying bonds in the markets. if you backslide, we'll see. the spanish did what they were told in the ecb remains supportive. the italian ketchup in it backtracking cannot do that and suddenly there yields this page in bonds for telephone markets. that's a very direct case for central bankers who are to teaming to democratically elect did what you need to do. cannot that's a good model we should wish for. i don't think we want ben bernanke to do this that and the other tape or punish you by selling a bonds. but it's what can happen. >> host: we talked about the transition in japan and the u.k. europe demand for the crisis are replaced. it's a question about ben bernanke at the end of january january 2014 will want or will be re

. >> the european commission has issued a warning to spain and slovenia. in a health check of 13 eu economies, it says that slovenia could be the next country in line for a rescue package due to corporate debt, bad loans, and deteriorating public finances. in spain, high levels of unemployment continues to pose serious risks to growth and instability. they said that both countries must move swiftly to and their ailing banking sectors -- aid their ailing banking sectors. >> rustles wants to introduce gender quotas by 2020 -- brussels wants to introduce gender quotas by 2020. >> it is easier said than done. berlin rejects the idea of a quota. many of germany's dax-listed companies are miles away from the desired gender equality in their boardrooms, including daimler. >> more women in the driving seat -- that's what some delegates at the daimler annual general meeting want to see. they are pushing for a coffer of supervisory board seats for women. >> there are many other countries where women are in charge. why not here in germany? >> the more women there are

backed dictatorships known for brutality against their people including franco's spain and giunta ruled greece washington had also close connections to the vatican in supporting the nine hundred seventy coup in chile that saw pinochet the pinochet regime come to power and another scandal threatening to blacken sweden's name its secret police were reported to have spied on leftist citizens under c. a orders well the wiki leaks spokes person christine hands and believes that the whistle blowing web site has simply done the job of the u.s. government. because it is dedicated to bring historical records to the public attention when there is an attempt to keep them hidden although these documents have been declassified to be extremely difficult to approach them and assess them in their current format on the in the national archives so what we did was to regard it as a gather with help and and publish them in a searchable database a very robust database the authorities here in washington of course they should be very pleased that we are doing the job that they should be doing themselves so ma

he has promised to buy long bonds from countries like spain and italy. he is that a way which is making the promise from that speech referred to in july. but at some point he may be tested. some country may say, spain, france is, okay, your member that promise, welcome here's the deal. he will cement the conditions and we need the money. the other, as you know, the central bank in europe is taking over bank regulation. as we have seen, that is a tough job. on top of all of your other jobs. >> guest: that is one of the realities of how we're coming end of this crisis, not just for the ecb, but all these banks. they have impossible jobs. simultaneously to turn up money supply and get it right in terms of how much -- how high the interest rates should be and how much money is pumped into the economy and to oversee the banking system verily, but also the financial system broadly and try and steer the entire global financial system toward a more sustainable, durable model of how things work that does not create the kind of crisis gst never and never. >> host:

still to come on al jazeera, shanty in spain. we report on the struggle for dignity and one of europe's largest slum cities. -- european politicians discuss new measures hitting the bees. there are other things like , thement weather or pests landscape changing somewhat in new agricultural policies, and also less bee-friendly gardens. there are a lot of things going on. are something to be taken seriously. it is just if there is enough evidence to take this as an issue. take it as a given that the pesticide is banned, what happens next? luis e a reversal in the decline of bee populations -- will we see a reversal in the decline of bee populations? >> that is exactly what people are wondering. if we did take this step, would it reverse the decline in the bees. the evidence is not strong enough for many governments to agree to take these insecticides off the market. it should be noted that these insecticides were just going to be taken off the use -- it would be made illegal to use on crops which are flowering, or crops which attra

large funding needs in spain. if they stumble in a debt auction that could trigger a sell-off. >> if anything, we've seen debt auctions be incredibly strong. >> very, very strong. it's somewhat surprising because the banks domestically don't have absorption capacity in balance sheets so the foreigner has played an increasingly important role but will they stay there? there is still about 100 billion of gross issuance to come in the remainder of the year. that's a lot. >> 4.5% when you think is my money really at risk here and where else can i get 4.5% around the world right now. >> the trigger might be when spain announces it will miss steps and targets and announce it's unlikely to pursue fiscal tightening. that may be where the jitters begin. >> they missed it for 2012. it's going to go ahead with fiscal measures still for this year but i just don't know where they are being rewarded for that the markets should like them to be more relaxed. >> absolutely. i would say i'm perplexed there hasn't been a rebuilding

as you can see let's take a look the figures of the disappointing rising year by year specially in spain and greece greece actually being the worst affected in greece now the number is now watering twenty seven percent as you can see there spain is not far behind though both have more than one in four unemployed right now and for young people is much worse as well the jobless rate for them is more than double the national figure is artie's tests are still reporting on why it takes more than just numbers to see the true extent of the damage. the unemployment rate in the years old has recently shocker twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement now for those who are looking for a job that search is no longer just about trying to find work many are now trying to leave their home countries. like niccolo wriggles e a biology graduate from italy now working initial in brussels and the situation in italy was actually awful because the only thing i wa

i've been pondering for years what would happen when spain finally went back how would they possibly deal with the sheer scale of the bailout that would be needed which perhaps would be five or six hundred billion euro how could this happen without huge american support help what cyprus has done is give us the template at what they will do in future. countries out there. and they'll do it by stealing investors' money by taxing people on their properties and by forcing central banks into selling their holdings of gold i mean this is a truly a dollar situation so my advice to people is if you. if you've got money in bank account. get your money out before they come off to you because it's perfectly clear that is their plan from here it's quite extraordinary that. these countries that are in trouble with the euro zone they would have to give up parliamentary democracy and have. a very arrogant troika. is going to break up the economics that break it up it may be civil disobedience or violence on a very large scale that eventually get some of those mediterranean countries out. the big qu

recently reached a record twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement and for those who are looking for a job that search is no longer just about trying to find work many are now trying to leave their home countries like niccolo little z. a biology graduate from italy now working in a shop in brussels and the situation in italy was actually awful because the only thing i was able to get is a really short contract for like free mouth for six months with absolutely no possibility of growing out in an industry or in the laboratory anything most to most of them were totally unpaid because you can't really think of your future he says it wasn't a walk in the park in beijing either as the companies require a working knowledge of both french and dutch a barrier that may be hard to overcome but perhaps still more attractive for some the going back home i read. in two thousand and twelve. in the person present age of young people who enter great from i

no jobs no hope the new grim figures prompt violence in spain while the e.u. why do despair leave iceland cool and joining the struggling union. and one hundred one tunnel prisoners are now on hunger strike at the official number of more than doubling since the military try to break the month long protest by force. at seven pm here in moscow you're watching archies of the weekly with me to say. russia has reportedly given the f.b.i. the tape of a phone call between one of the boston bombing suspects and his mother where they discuss jihad is thought to have been secretly recorded twenty eleven year russia want the u.s. about one of the some not have brothers radical religious views the u.s. though founded nothing suspicious of making checks his or it is going to change again on why the f.b.i. might have failed to take proper action. in the wake of the boston bombings it's the f.b.i. now bombarded with questions how could they let the alleged boston bomber tamerlan to and i have go off the radar after they've been warned about him multiple times over the last t

comparable prescriptions in the united states than people pay in the united kingdom france germany spain and pretty much every other developed country in the world for instance look at nexium a drug commonly prescribed reflux in spain a prescription for nexium cost eight dollars. on average one thousand dollars in france and the united kingdom nexium costs on average thirty and thirty two dollars respectively. but here in the united states a prescription for nexium costs on average a whopping one hundred eighty seven dollars six times as much as across in france in the u.k. . other commonly prescribed medication in the united states used to treat high cholesterol in new zealand a prescription for lipitor across on average about six bucks in south africa spain across eleven and thirteen dollars respectively but here in the united states a prescription for lipitor costs on average one hundred dollars these are just two of the commonly used drugs that are bankrupting americans although commonly use medications like names in acts of all like toronto and celebrates also cost more here in the

and greece being the worst affected in greece in fact and i was twenty seven percent out of work spain is not fabiani the both of more than one in four people unemployed for young people is much worse the jobless rate for them is more than double the national figure is test for a seller's report why it takes more than just numbers to see the true extent of the damage. the unemployment rate in the years old has recently reached a record twelve percent of for those aged twenty five and below in countries like spain and greece that number is as high as more than fifty percent with very little signs of any economic improvement for those who are looking for a job that search is no longer just about trying to find work many are now trying to leave their home countries. like niccolo wriggles a biology graduate from italy now working in a show guillotine in brussels and the situation in italy was actually awful because the only thing i was able to get is a really short contract for like free mouth for six months with absolutely no possibility of growing out in an industry or in the laboratory

french right wing politician ring the panic spain's why more and more people consider they would be better off going it without brussels. it's i think that first and foremost there is a rejection of the u.a.e. union and its policies you have been people are realizing that the european union is an empire affiliate union that is in fact destroying their freedom and doesn't protect them from economic social or migratory difficulties and i think that the increase in patch it is meant to managing a country's own affairs the control of the border is whether it's a human capital a product is there a bicycle i think what we're seeing is the brussels really falling down because it's crumbling that is to say that the european union and its model has reached an end it's a destruction that is slow right now but will probably accelerate it was it was happening at the european parliament it's supposed to be democratic but it's not at all representative of what the people of the european union think there is a very strong proportion of people who are generally model and these people are not represented b

jobs no hope new grim figures probably violence in spain while the e.u. wide despair leaves iceland cool and joining the struggling union. and one hundred prisoners are now on the hunger strike the official number doubling since the military tried to break the months long protest by. watching the week. the big stories of the last seven days with me kevin zero in tonight and first russia is reportedly given the f.b.i. the tape of a phone call between one of the boston bombing suspects and his mother where they discussed jihad it's thoughts have been secretly recorded in twenty eleven the year russia warned the u.s. about one of the brothers radical religious views the u.s. though found nothing suspicious after making checks is out he's going to chicana why the f.b.i. might have failed to take the proper action. in the wake of the boston bombings it's the f.b.i. now bombarded with questions how could they let the alleged boston bomber tamerlan and i have go off the radar after they've been warned about him multiple times over the last two years russia warra

no jobs no hope new grim figures a problem violence in spain while the e.u. why despair leaves iceland cool on joining the struggling union. and one hundred one tunnel prisoners are now on hunger strike the official number more than doubling since the military trying to break the month long protest by force. at six pm here in the russian capital you live with us on archie with the weekly with me to be on with the russia has reportedly given the f.b.i. the tape of a phone call between one of the boston bombing suspects mother where they discuss jihad soldier have been secretly recorded in twenty eleven the year russia wants the u.s. someone to one of the son i have brothers radical religious views on you as though found nothing suspicious after making checks. to get on why the f.b.i. might have failed to take proper action. in the wake of the boston bombings it's the f.b.i. now bombarded with questions how could they let the alleged boston bomber tamerlan sort of go off the radar after they've been warned about him multiple times over the last two years russia

in spain around one thousand four hundred riot police. to try and make sure that demonstrations there. as we have seen in the past now it's not just the people of europe the. senior members of the european parliament. against the way that. the seemingly. very. way that the situation. as neo colonialism. and lost respect for the e.u. markets the politicians say. again and they want to make sure that it. was a good idea. so another day another round demonstrations in europe people. with the way things that go. that changed to come quickly. reporting right there. to a known euro skeptic ahead of the u.k. independence party nigel for raj believes the days of the eurozone a number two and the people should withdraw their money from its banks before what happened in cyprus happens to them. i think investors should be worried all over the eurozone but. i mean i i have been pondering the years you know what would happen when spain finally went back how would they possibly deal with the sheer scale bailout that would be needed perhaps with six hun

comparable prescriptions in the united states than people pay in the united kingdom france germany spain and pretty much every other developed country in the world for instance look at nexium a drug commonly prescribed to treat acid reflux in spain a prescription for nexium cost eight dollars. on average one thousand dollars in france and the united kingdom nexium costs on average thirty and thirty two dollars respectively. but here in the united states a prescription for nexium costs on average a whopping one hundred eighty seven dollars six times as much as across in france in the u.k. . another commonly prescribed medication in the united states used to treat high cholesterol in new zealand prescription for lipitor across on average about six bucks in south africa and spain across eleven and thirteen dollars respectively but here in the united states a prescription for lipitor costs on average one hundred dollars these are just two of the commonly used drugs that are bankrupting americans other commonly used medications like knees an x. vault like toronto and celebrates also cost more

the white ones from spain. i'm talking about the difference between tapas and tacos. class, yes. [ laughter ] who else needs a message massage. >> a new book is out talking about the perks in excess of the $1.4 billion a year presidency we're paying for. there are five chefs on air force one. there are two projectists who operate the white house movie theater. we're also the ones who are paying for someone to walk the president's dog. >> jon: they makes a good point that is a sharp indictment of the president's wasteful lifestyle. >> congresswoman bachmann got her information from a book from a longtime republican lobbyist. the book provides no specific sources for the claims it makes. >> jon: here is the opportunity. rather than seeming like on outs information from dubious sources graciously admit your wrong assertions and get some credibility back. or r uuun. >> you talked about the dog walker which is not true. >> the big point of speech was about benghazi. >> but you also made accusations about the president spending money that other presidents also made. >> jon:

with respect to spain, this is something we have seen. we have seen reduction and volatility in the marketplace. now the spreads are narrowing. this is something that is very positive and that we expect is going to be translated into the broad sector. the spanish government is fully committed with an agenda of reforms. we want to foster and to push medium term growth, potential growth with the spanish economy. we are going to continue with reforms in the banking industry, in the markets and services markets. and i think that also in the delivered market. now the good news is that if you look at spanish exports, you will realize that we haven't been able to close our gap. and now spain is both a competitive economy and an economy that is reducing the dependance that we had on markets. >> i also want to bring your attention to italy. orders with 2.3 billion euros worth apparently collected within two hours for this bond which is specifically aimed at the retail buyer. they've done this before. italy raised something in the range of 7 billio

tomorrow he's meeting with france and is spain. but the issue of portugal highlights the whole tension belying these meetings which is to say the periphery is weak, the austerity measures are not working and while government bond yields may be jumping, there's no sense that we're actually resolving these issues across europe. and that remains one of the real problems. and you have to look back at timothy geithner's visits here in the last couple of years where he kept saying to them, you node to make sure this doesn't become a broader crisis and everyone said, yeah, yeah, get your own house in order first. it's harder and ha h for europe to argue that at this point. kel, stay there. we'll come back to you. >> just a second. following that meeting today, u.s. treasury secretary will fly to frankfurt for a meeting tomorrow. in paris, he'll be meeting with his french counterpart pierre mosovici. for more on that, sam, good to see you today. look, you know, we have cyprus, now we've got portugal. asset markets don't seem to be reacting

we've just got a t-bill auction out of spain today. yields in italy lower. on the currency markets, the aussie/dollar, we got down to 10291. it's all about commodities. let's show you where we stand the with commodities. spot gold, 137111. the biggest two-day fall in 30 years for gold. remember, in new york for the june delivery, we got up to 1355. october rebounding, 2319. brent is weaker again, but below 11 100. 99.41. nymex is down, 87.52. that's where we stand right now in europe. let's get over to singapore. sixuan joins us for the update on the trading there today. hi, sixuan. >> thank you, ross. the shanghai composite turned positive in the afternoon session, ending higher by 0.6%. that is as a small rally and property developers and nonbank financials offis he the losses in commodity counters. meanwhile, weakness in mainland oil and power majors dragged the hang seng lower by 0.5%. lenovo shares added 1.9% on rumors of a new release tomorrow. miners lost seam. softbank tanked 7% today after a competing bid for sprint/nextel was announced. elsewhere,

he arrived in august, 1769, and took formal possession of louisiana for spain. think of new orleans and cuba, in particular havana, governors there were also in cuba so there was all this traveling from one city to another because later when i got my ph.d. from tulaine university and i went to the irish channel. it's interesting, the irish history connected with new orleans. so the o'reilly family has been in louisiana for centuries. in cuba, nobody remembers him but it was the street of calle oreilly, famous until the 50's for its banks and bookstores. it was one of the favorite streets of (inaudible) secretary of the spanish count of fernandino, my grandfather, another irish man feeling at home in havana. there, at the busy corner of calle street and oreilly was a cafe bakery owned by a catelan. it was described by many foreigners, in particular british and irish who lived in havana at the time, as one of the best order and most elegant cafes in the world. its large door led to a main floor with a fantastic stone floor. i saw it in the 50's, i was very little

q spain and portugal they're straight out of a fairy tale! that's me, elizabeth. maiara walsh and rob pinkston. we're traveling over the mountains... amazing. elizabeth: ...into the castles... wow, this place is really cool. i love these arches up ahead and this. it's awesome. elizabeth: ...and through the cities of spain and portugal. fresh made gelato. cheers! mmm! and you're coming with us. it all happens right now. all right, so, here we go. we're going to the bridge in rupit. and i'm really excited 'cause it looks awesome. whoo-hoo! let's go! elizabeth: welcome to elizabeth stanton's great big world,

since then, costs have risen much more slowly than in greece, spain, france. some economists say german businesses are better off because salaries have risen so slowly which provides a competitive advantage. international criticism of berlin's economic policy is mounting. the u.s. treasury secretary pressured to boost wages. he wants less austerity from german finance minister schaubl e. the green party agrees. >> they could kill two birds with one stone. it held social justice and creates more consumer spending. >> while berlin is listening to the eu commission's proposals, the government is under no compulsion to act. >> coming up later in the half- hour, a first in the world of sports in the united states. but first, other stories making headlines alarm the world. >> the syrian prime minister has survived an assassination attempt in the capital of damascus. a bomb went off as his official convoy was passing through the western district. opposition activists say one of his party guards died in the attack. -- bodyguards died. what's the siege continues of the

unemployment in spain has risen to more than 27%, a new high. government debt is 84% of gross domestic product, and growth shrank last year by 1.8%. the recession is set to continue for the rest of this year. madrid is predicting a return to growth in 2014. >> german chemical greater thanbasf has its sights set on a record year -- german chemical giant basf. >> the company posted net profit of 1.5 billion euros. this year, it plans to expand in emerging markets like china and brazil. >> let's turn now to frankfurt to find out how it played out on the markets. >> basf was the strongest support for the german market. not only the world's largest chemical company, but also a heavyweight at the market. shares have been pushed up. the dax was losing steam at the end of the week, but in general, this week was very successful. it could gain almost 5%, but not every german company had such a good start into the year. german car makers reported very disappointing numbers. daimler even had to scrap its forecast due to be very bad shape of the eurozone eco

those notes back and forth and then the guitar which is a spanish instrument and the lyrics are from spain and the type of song is indigenous and the type of percussion can is african. >> (inaudible). >> yeah, you could hear in the music. it has that pitch and that sadness to it. >> (inaudible). >> okay. so can you play the first song? we will show you a little bit and then you guys can come up and dance. (music). (applause). (music) >> welcome to this afternoon's performance. before the actual performance starts i thought i would say a few brief words about what japanese chamber music means. there are quite a different number of japanese chamber music. what you will hear today however is a musical form that was transmitted by a specific group of musicians. all of the musicians by definition were blind males. the significance of this genre is perhaps at most notable for the aesthetic quality of its pieces of some

high wave warnings are in effect for portions of northern spain. winds of 60, 65 kilometers an hour. but it is gradually getting back to seasonable levels as far as temperatures. madrid at 18. paris 15. london higher teens later in the week. same thing for farther east. temperatures will be warming up. that's a look at your world weather. here's your extended forecast. >>> that's "newsline" for this hour. i'm gene otani in tokyo. from all of us here at nhk world, thanks for joining us. have a great day where of ever you are. .

unemployment in spain has risen to more than 27%, a new high. government debt is 84% of gross domestic product, and growth shrank last year by 1.8%. the recession is set to continue for the rest of this year. madrid is predicting a return to growth in 2014. >> german chemical greater thanbasf has its sights set on a record year -- german chemical giant basf. >> the company posted net profit of 1.5 billion euros. this year, it plans to expand in emerging markets like china and brazil. >> let's turn now to frankfurt to find out how it played out on the markets. >> basf was the strongest support for the german market. not only the world's largest chemical company, but also a heavyweight at the market. shares have been pushed up. the dax was losing steam at the end of the week, but in general, this week was very successful. it could gain almost 5%, but not every german company had such a good start into the year. german car makers reported very disappointing numbers. daimler even had to scrap its forecast due to be very bad shape of the eurozone eco

thirty others abroad including berlin the capital of the u.s hysterically push fifty five percent of spain's young people and out of work forcing them to seek jobs abroad across europe unemployment has none precedented twelve percent last week and later today on r.t. french right wing politicians arena pen explains why more and more people consider a would be better off going it without brussels. which i think that first and foremost there is a rejection of the european union and its policies european people are realizing that the european union is an empire a serviette union that is in fact destroying their freedom and doesn't protect them from economic social or migratory difficulties and i think that the increase in patrick has been to managing a country's own affairs through control of border is whether it's human capital or product flows is irreversible i think what we're seeing is the brussels wall falling down it's crumbling that is to say that the european union and its model has reached an end it's a destruction that is slow right now but will probably accelerate it was he was happe

also online apocalypse now in spain hundreds of people have been running for their lives from a massive blood thirsty zombies find out what's going on there by heading to r.t. dot com. scuffles have broken out between police and protesters charming that anger at the legacy of former british tory prime minister margaret thatcher who died this week at age eighty seven. has more now on the demonstrations in trafalgar square in the heart of the capital and that demonstrators have been gathering there to try and reenact the poll tax riots of one thousand nine hundred ninety there were some scuffles breaking out along the police lines and the protesters a few of the attention certainly getting a little bit whipped up some of the chanting the ding dong the witch is dead which has become sort of the unofficial among the tractors so much so that it's just it up into the charts and it's expected that it will make it into the top five if not even possibly number one as a lot of those people have been buying that and it's been pushed up into the charts i think a lot of criticism as well because obv

very anxious for us to be able to provide them with well curated selection of wines and sherries from spain, so that is -- that's the community outreach that we have done, and that ends my presentation. thank you. >> thank you ms. avery. now from the alu. >> good morning. i am inspector [inaudible] from the san francisco police department. nosa ria filed a application with california alcohol beverage and control, abc seeking a type 21 for 500 laguna street. this location is located at plot 558 and it is located in a high crime area. this location is also located in census track 615 and located in an undue concentrated area. abc recorded one letter of protest and zero letter of support by abc. alu would recommend approval with the following condition. the one sales service and consumption of alcohol beverage shall be permitted between 11:00 a.m. and 9:00 p.m. each day of the week. no noise is audible and as depicted on abc form 257. loitering is prohibited on any sidewalk or property adjacent to the licensed premises under the control of the licensee as depicted on the abc form 257 data, 201

spain understands that. italy hasn't. to my mind, italy is the bigger problem in europe at the moment. italy had a fantastic report in the '50s and the '60s. japan may be changing a little bit and italy isn't. it's the story of two economics. you need one economic to develop and you need another to develop for efficiency. >> quickly, in a nutshell, is what japan is doing now, is it going to work? >> the your is out, but they have to move at this point because otherwise they're going to die the death of a thousand cuts. these are the people who made development happen. it was a major oligarch who dragged east asia out of the stone age. the japanese are more than capable. they've proven it over the years. they have to get focused o problem. >> joe, thanks very much for coming by. joe studwell is the author of "how asia works." finance minister taro oso says they have no objection to his country's stimulus. >> hi, kelly. japan's finance minister said today that japan gained the g-20 members' understanding on its monetary pol

the final if i may be trying to do just that when they go to spain on the seventy the very brink and should see his car go through their opponents a look at likely to be defending champions olympiakos who snatched the title from his car last year with a shot in the dying seconds the greek side hold a two nil series lead as they go to istanbul to face with us in games three and four genco moscow. so after all that top russian action let's cast our eyes over the best of the rest from the world of sport. on monday it was a dream practice round for teenage golf chang lying against the chinese prodigy teamed up with well not to want to tiger woods ahead of the masters but fourteen one is the youngest ever player to enter the tournament and also went on to make more history into augusta the one that can't survive they want shot penalty for slow play to make the cut with four over par becoming the youngest ever golfer to reach the weekend. on tuesday italian world cup win i understand del piero kept his debut season in the australian aid league by claiming three awards at the sydney f.c. cl

i mentioned a forward-facing of the destroyers and route to spain. we have established an aviation department in poland to more closely to train with allies' air forces. we will place land-based defense systems in romania in 2015. we will redefine the presence nato response force with a steady rotation of u.s. army forces to europe to maintain the trans-atlantic military links and cement tremendous inner opera ability gains we've made with allies and partners in that part of the world over the past decade of operations together. as we rebalance the transatlantic bonds become even more important as we face, and challenges outside of europe. so, there is much that goes into the rebalance. let me close by noting that there are those that have concerned about, and perhaps some that have hope for a theory that our rebalance will not be lasting, or that it is not sustainable. i am a physicist, and therefore i put backs against syria. let me tell you why this theory does not fit the facts. the rebalance will continue, and in fact, a gain momentum, for two r

a precursor to what we saw with greece, ireland, portugal, spain. stuart: doesn't have a chance to defend himself. here a moment ago from the bitcoin defended the bitcoin and at the same time i see gold literally crashing, some say bitcoin is the new gold. you follow all these markets, what is your comment on bitcoin? >> if it wasn't legitimate currency it wouldn't be dropping from $200 down to $90, to be running the other way and a stable value. to me it is a large commodity scheme. very tough to convert it to real currency. stuart: direct and to the point. now, the dow is down 102 points, so it is folly not as sharply in percentage terms as gold, but what does this mean for the average investor on the stock market? >> stay tuned. this isn't necessarily the bad thing everybody makes out. would you rather buy something when it is on sale or buy something when it is 50% more expensive? this is the exact time to start getting in. now is the time to start thinking about volume. stuart: appreciated. germany wants a wealth tax in spain, portugal, greece