you cited an example mice -- yourself, the global post. market watchers also operates under that philosophy. we are trying to think on a daily basis what we can give that gives a global overview of what is in the markets, diving down deeper for the people that want to get deeper into it. yes, the proliferation of the hyper local media does present challenges. the idea that we could just aggregate something to give a global overview is difficult to imagine without editors. there will always be a journalist in any form. they have the expertise you are talking about, taking a look at a story, picking out seven that need to be put on the front page. we will see that in newspapers, weekly magazines, or daily online. >> barry? >> i think the idea is overrated. if you look at the number one source of news on the internet right now, y'all who. -- got to -- yahoo. no. 2 is cnn. they are not being filtered in a lot of cases. on the other hand, the stuff on the long tail, political blogs, typically are performing a supplemental role. they are continu

. >> how many people are reading the global post? >> we have 3 million unique visitors so far. and what we're seeing is an ability to actually track stories that people want to read. now, what's the alchemy of this is you never know. it could be on one thing. it could be about, you know, a zoo that's closing in cairo. or then on the next breath it could be about a very important story about climate change that hadn't gotten out there and that we broke and that's interesting. you can't predict it, but you can watch it, and i think we're going to have a new way to judge that. >> so if this is the future, what does it look like? well, sonya gavankar is going to take us now to this site and a couple of others. sonya, what are you finding? >> frank, let's start with at we were talking about can be found in the multimedia section of their web sit that's where all of the journalists can actually load that video. something i saw, thought was interesting, was this slide show of the women of congo managing to retain their striking sense of style in that conflict. now, if you're wondering

the global post and in international areas, there is quality journalism. the question to me is not whether there can be quality journalism, but how as the news media becomes increasingly atomized around the country

from our partners at global post. plus, how "rock the vote" is mobilizing young people for this year's midterm elections. all that and more is on our web site, newshour.pbs.org. judy? >> woodruff: and that's the newshour for tonight. on wednesday, we'll look at new orleans, five years after hurricane katrina. i'm judy woodruff. >> ifill: and i'm gwen ifill. we'll see you online, and again here tomorrow evening. thank you, and good night. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org

earth the remains are removed by machinery. moved on are. wealthy british style sign posts. on. the. market why not. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report. for . a few. songs from finest impressions. screens for instance on t.v. . every month we give you the future we help you understand how to get there and what tomorrow brings the best in science and technology from across russia and around the world. join us for technology update on our g. they faced it this is not a good warm. day for it and you should see everything. you sure do support your dreams because they have no idea about the hardships to face. wanted. to do since you're in the army life never use the other is the most precious thing in the world. use of self-sacrifice encourage those who understand fully what you have to live a. real life stories from would need to. be true nineteen forty five don't. despite being partially under control raging wildfires continue to destroy land and homes across r

journalist ana paula ordorica and security analyst eric olson. >> lehrer: and "global post" correspondent yoan grillo reports on how the mexican media is handling the story. >> ifill: then, judy woodruff gets up close and personal with an ultra light car that promises to get 100 miles per gallon. >> we can be sure this idea is too good and too right and works too well. >> lehrer: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: this is the engine that connects zero emission technologies to breathing a little easier, while taking 4.6 million truckloads off the road every year. bnsf, the engine that connects us. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> lehrer: 56 iraqis died in more than two dozen separate attacks across iraq today.

the flood waves must be matched with waves of global support. >> the indus river is now threatening to rise again. maybe then the world will respond. stephanie gosk, nbc news, northwest pakistan. >> and we have posted information on how you can help the people in pakistan on our website, that's nightly.msnbc.com. >>> turning to iraq, our series, the long way out, within the next two weeks, the u.s. will finish the withdrawal of its combat forces, leaving behind just 50,000 support troops. our richard engel is embedded with the last american combat unit in the country. and he joins us now live from baghdad. richard, what are you seeing and hearing? >> good evening, kate. we are at camp liberty, on the edge of baghdad. we are embedded with the 42 striker brigade. they call themselves the raiders. they're based at fort lewis in washington state. now they have a unique place in the history of this war, the raiders will be the last american combat troops to leave this country. some of them have already started to leave. earlier today, i spoke with the raiders' commander, colonel john norris

and chair of the all party group on global security and nonproliferation says there's still a threat of nuclear strikes around the world which should be taken very seriously if you look at the the history of the post nuclear age the reality really is this is that the world has been lucky that we've not mourn you can explode is not gifted by the great foresight and intelligence of our collective politicians nuclear accident could take place to even this this stage now because we know the so much for sale material so it's only at any point in time we couldn't be certain i couldn't say place and cause the problem perforation not simply to new states we know the concern of the moment for example about iran or north korea something i think across the globe actually may be just as real as the capacity for the terrorists to get hold of nuclear materials and construct but terrorist nuclear weapon know those things ought to make the world wake up and take very seriously the danger of nuclear weapons in the. commits the only thing that will stop the proliferation or the states or to terrorists

here chair of the party group on global security and nonproliferation says there's still a threat of nuclear strikes around the world which should be taken very seriously if you look at the the history of the post nuclear age the reality really is this is that the world has been lucky that we've not more you could explode nuclear accident could take place even in this this stage now because we know there's so much for sale material so it's only at any point in time we couldn't be certain i can say place and cause the problem perforation not simply to new states we know the concern the moment for example about iran or north korea and those are for you to make a world where you could put and take very seriously the danger of nuclear weapons in this. commits the only thing that will stop the proliferation to all the states or to terrorists which is by getting rid of nuclear weapons and it can be done not overnight but it can be done if this generation has the political will. memorial services were held on thursday at russia's naval bases to mark a decade since of course nuclear submarin

inflows it will be happening of course bazza not the full extent of the post as far as what due process is also volatile is not as benign as before probably you see saw my prized rise of four prices would not be as high as before where four so the fundamental factors which were used to drive hiking on the growth and the possible moby walk in many more. now russia's markets closed in the red delta of all its holiday oil raised earlier policies of the u.s. jobless claims rose more than expected last week spurring concern about the pace of the global recovery fertilise the company over economy with among the biggest leaders in the life that is in the news all the talk about hawthorne merger will still be in it. now low trading volumes are contributing to the volatility on the markets david buick a b g c partners explains. all the studies very very worst in europe the volume of markets around you're absolutely right and frankly dealers such as are in london frankfurt and paris are running around like headless chickens responding to good and bad news so. really we are in. neutral mode at the

so, what they have available to sell will be needed by global markets, including the united states, for decades to come. they're not particularly worried, but the intelligent ones are already planning for the post oil future. >> and i think as long as energy supply lines run through the middle east, there's a very difficult time getting out from under that as a fundamental strategy, ah, element of the united states foreign policy and perhaps a burden. ah, and frankly, if you're still committed to fossil fuels, even if you were to get out of the middle east, you're going to be stuck dealing with countries like russia and kazakhstan and nigeria and venezuela, almost a laundry list of countries you don't want your lifeblood of the economy running through. >> so even if, ah, alternative energies only make up, say 2% of our, our overall energy needs, ah, this movement in the direction of alternative energies, what impact will it have on our relationship with, ah, countries, ah, such as saudi arabia and other oil producing countries around the world? >> well, let me just first, i just want to

soldiers in germany are accusing the army and government or ignoring the post-traumatic stress that. becomes as the country steps up its efforts and will not get a start. and psychics are putting economists out of a job or the italian stock market since the global recession their best is out of their depth more now leaving their shoes in the hands of credit boys and home readers. well after a glut of credit cards overdrafts and bank loans to satisfy the bloated conceivably we report next on how unguarded spending can sometimes lead to dire consequences. easy and convenient it is to live on credit. can't pay off. the goldfish. to. everything in their power. what happens to people who don't pay their bills. how successful a collection agencies. fifty kilometers from st petersburg. they love some black uniforms are taking people who don't pay their utility bills to their office. i guess they're expecting us. the law prohibits from taking any action after ten pm before six am or on weekends that's why they start work at six o'clock some may have already left for work still sleeping. we n

parties has basically commited the united states to global commitments and treaty responsibilities and securities around the world. presidents who didn't want to get involved, for example, president clinton did not want to get involved in bosnia and had too commit military forces and the government to that effort, if you look at what the united states actually does around the world, we are a global country with global commitments and global responsibilities. now, if the u.s., if the president says we don't need to do this any more, if he wants to abandon certain foreign policy commitments, i would welcome that discussion, and then you can turn back to the military and say well now what capabilities can we abandon or what can we shed as a result of these decreases responsibilities? but what we have seen post world war ii is that no president of either political party has diminished, in fact, they have only grown under presidents of both parties. host: virginia, you're next. go ahead. caller: i just want to make one comment. your guest keeps saying that military spending is going down. a

. >> [unintelligible] since he took up your post in 2003 that the impact of the financial crisis on our banks could be averted? >> i think it was global in nature. the underlying causes, the massive capital into the banking system, that was still [unintelligible] i think the massive expansion of the financial sector would probably have taken place to a lesser extent, but the financial policy committee would have enabled us to focus on that. >> what is the point? i suppose your answer is the reputation. >> having the financial policy commission is having the instruments, not a group of people who can say capital requirements must be higher. the instruments are to make judgments and it suddenly to say all requirements should go up or down. it is appropriate to have a separate committtee make that judgment. >> [inaudible] >> you will have to form that judgment. against my wishes, it is sensible to have the authority, but not consumer protection. it is sensible to have a financial policy committee. it is sensible for us to attain [inaudible] we will be crating a powerful institution. the ac

>> yes, we still in a post-cold war environment where we look at the world as almost, you know, the united states is the sole, dominant global power. and the world is really changing. we're not going to be the sole power for much longer. >> rose: we're not the sole power now. >> but we are still the dominant economy in the world and we still the dominant military power in the world and probably still the dominant political power in the world but 10 years from now that may not be the case. >> rose: looking at china, we're beginning to see criticism of some people trying to do business there. >> when emerging markets are growing they want foreign capital because they need to grow. they want jobs. they want techniques that are developed by western companies. as emerging markets get stronger they don't need the capital as much and maybe they change their views. remember, china has $2.5 trillion of foreign reserves, by far more than anybody else in the world. they're not quite in the situation they were 10, 15 years ago. we have been a large investor there. the largest private equity investor t

we'll keep you posted. >> it's even hot up there because the air conditioner is not working and we're still cool here in the summer. >> that's right. >> it's ironic! >> isn't it though. global warming because of the summer we're having. doesn't mean it's going to be warmer everywhere. climates shift, patterns shift. some people get cooler like us. show you what's going on. sfo this morning, cloudy conditions, no reports yet but we usually don't get them until 6:00. let's take a look at temperatures. all of us in the 50s, the cool spot los gatos, redwood city and santa rosa in the low 50s. as far as the monterey bay, cloudy conditions, also drizzle and mist to be found and temperatures in the mid-50s. that slow sunshine continues today. the bay about 2:00. our valleys, a little sooner, about noon when we'll see the sunshine. the coast probably never. warming trend tries to move into our neighborhoods tomorrow with the greatest impact in our inland neighborhoods over the weekend. area of low pressure driving down. you may notice a little breezy yesterday. it will be a little breezy this

i have posted a more detailed statement for the record. i will spare you any of the drama, but we believe that the crash that happened was in large measure it the result of flaws and inefficiencies in the current u.s. market structure, specifically the need for updated s circuit breakers. effective and transparent procedures for resolving clearly erroneous trades, a review of the risks and effectiveness of market orders aligned with consistent practices and procedures used by various exchanges, an examination of the responsibilities and obligations of registered and unregistered market makers, and better coordination across all types of markets by needed. removing volatility from the equity market is neither possible nor appropriate, however, establishing a mechanism related to market structure will help prevent another clash crash. -- flashed crash. we strongly support amendments to the rules related to erroneous executions, breaking erroneous trades, and uniform treatment across exchanges. however, we believe that the whole notion of tak

i have posted a more detailed statement for the record. i will spare you any of the drama. we believe the crash was a result of costs and inefficiencies in the current u.s. market structure. it revealed the need for updated marketwide stock circuit breakers, effective and transparent procedures for resolving iranians trades, a review of the risks and effectiveness of market orders, alignment of the inconsistent practices and procedures used by various exchanges for price movements, an examination of the possibilities of market makers, and better coordination across all types of markets. removing all instability and volatility from the equity markets is neither possible nor appropriate. however, establishing mechanisms to address extreme price moves in the market, the volatility related to an efficient structure will be critical in repeating -- to prevent a repeat of the flash crash. invesco supported the circuit breaker proposals as a means to mitigate the volatility. we strongly supported the amendments to the rules relating to the clearly iran used executions, to clarify

as secretary paul gradually moves the budget up, the secretary of when you have an important post, very qualified foreign service officer does not necessarily get to do that job. in a sense, you are taking the people who have made a profession out of dealing with these issues somewhat out of the action. i think we need to keep him in the action. not just analyze and report, but do the work of diplomacy that is necessary. >> am i listening to criticism of president obama decision to place special envoy is and keep troublespots around the world's -- around the world? is that what you are saying to us? >> to a certain extent. it is something that is -- that has grown ever time. it is also true of ambassadorial posts. it is important that some of these posts be open to foreign service officers so that you have the chance for the professional people to move up in two important roles. >> let me remind our audience that you are listening to the commonwealth club of california radio program whose speakers today are former secretary of state madeleine albright, george shultz. we are discussing t

as secretary paul gradually moves the budget up, the secretary of when you have an important post, very qualified foreign service officer does not necessarily get to do that job. in a sense, you are taking the people who have made a profession out of dealing with these issues somewhat out of the action. i think we need to keep him in the action. not just analyze and report, but do the work of diplomacy that is necessary. >> am i listening to criticism of president obama decision to place special envoy is and keep troublespots around the world's -- around the world? is that what you are saying to us? >> to a certain extent. it is something that is -- that has grown ever time. it is also true of ambassadorial posts. it is important that some of these posts be open to foreign service officers so that you have the chance for the professional people to move up in two important roles. >> let me remind our audience that you are listening to the commonwealth club of california radio program whose speakers today are former secretary of state madeleine albright, george shultz. we are discussing t