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Apr 11, 2012
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niches where people would want that kind of car but it probably looks a lot more at home in downtown brussels or paris than it does in indianapolis. that type of car i think was a problem. >> reporter: but the mayor, who still has hopes for a think come back, touts the car's advantages. >> it's not a toy, it's not a plaything, it's a real car. as you can see it operates very very well. the steering is good and all of this operates with no gasoline, no bad exhaust emissions. it's all done on a battery. >> reporter: indiana has invested millions of state and federal dollars into creating an infrastructure for electric vehicles. indianapolis has 100 short and long term public charging stations. paul mitchell heads a consortium of clean tech energy companies that have pushed hard for more electric vehicles. but even he admits that developing a brand new car is tough. >> it's going to continue to be an uphill battle to build a car from the ground up in a global industry where there's major automakers that have years of experience and deep supply chains that advantage them. >> ironically as the ecl
niches where people would want that kind of car but it probably looks a lot more at home in downtown brussels or paris than it does in indianapolis. that type of car i think was a problem. >> reporter: but the mayor, who still has hopes for a think come back, touts the car's advantages. >> it's not a toy, it's not a plaything, it's a real car. as you can see it operates very very well. the steering is good and all of this operates with no gasoline, no bad exhaust emissions. it's all...
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Apr 18, 2012
04/12
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in brussels, belgium, u.s. secretary of state hillary clinton condemned the violence. >> it is obviously quite concerning that while we are deploying these monitors pursuant to a security council resolution that confirms our commitment to kofi annan's six point plan, the guns of the assad regime are once again firing in homs, idlib and elsewhere and syrians continue to die. >> sreenivasan: clinton said syria has reached a turning point, and she warned of new pressure on the government, unless it relents. at least 22 soldiers died today in growing border fighting in east africa, between sudan and south sudan. there have been almost daily battles since south sudan seized tow o t hiln ofeglin last week. sudan today demanded an immediate withdrawal. south sudan claimed its independence last summer, but the border was never settled, and the two sides never agreed on sharing the region's oil wealth. in the u.s. presidential campaign, president obama and mitt romney traded criticisms over economic policy. the presiden
in brussels, belgium, u.s. secretary of state hillary clinton condemned the violence. >> it is obviously quite concerning that while we are deploying these monitors pursuant to a security council resolution that confirms our commitment to kofi annan's six point plan, the guns of the assad regime are once again firing in homs, idlib and elsewhere and syrians continue to die. >> sreenivasan: clinton said syria has reached a turning point, and she warned of new pressure on the...
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Apr 19, 2012
04/12
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he rejects the culture of austerity embraced by brussels. "we are writing a new page in the history of the left," he tells the crowd. what are the ideals he stands for? >> a strong redistribution of wealth. we want taxes to apply 100% over 350,000 euros a year of income. >> in the first round of the election on sunday, the far left and far right could get over more than 30% of the vote. what they have both done is to tap into the anchor with the economic crisis. >> passions running high on the left and right in france. now to stonehenge, like you have never seen it before. the pre historic monument is one of the world's most famous sites. today, a bouncy council replica was unveiled in glasgow. designed by a turner prize- winning artist, it was commissioned for the london olympics, to represent britain's history, culture, and sense of humor. our hearts correspondent was there. >> there is a new arrival on the galapagos islands -- the glass go skyline, and artwork by a prize-winning artist. and it is bouncy. the real stonehenge is 5000 years
he rejects the culture of austerity embraced by brussels. "we are writing a new page in the history of the left," he tells the crowd. what are the ideals he stands for? >> a strong redistribution of wealth. we want taxes to apply 100% over 350,000 euros a year of income. >> in the first round of the election on sunday, the far left and far right could get over more than 30% of the vote. what they have both done is to tap into the anchor with the economic crisis. >>...
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Apr 11, 2012
04/12
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you'll have people commenting saying brussels is trying to get involved. first they are trying to deal with everyone's budgets and now tell everyone what labor policy should be like. you'll get a lot of criticism. i think on the balance this is certainly good news. you want to see how tough things still are. take a look at some things on periphery like champagne sales. it means nothing to most of you or to me of course. champagne sales are down. these are measured year over year. here's what's interesting. if you look at what's going on, european shipments are down 14% but other countries around the world are actually up 9.6%. again, this doesn't mean a lot to me. if you lookty company that's a in the luxury market, one company makes the most popular in the world, they've been moving up recently after bottoming in december on hopes that luxury goods might do better. you can see it's up fractionally today but it's been under pressure for the last month. i know nothing about these matters. the 2002 is drinking well. i think i read that on a website. >> try t
you'll have people commenting saying brussels is trying to get involved. first they are trying to deal with everyone's budgets and now tell everyone what labor policy should be like. you'll get a lot of criticism. i think on the balance this is certainly good news. you want to see how tough things still are. take a look at some things on periphery like champagne sales. it means nothing to most of you or to me of course. champagne sales are down. these are measured year over year. here's what's...
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Apr 17, 2012
04/12
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for example, if you wanted to transfer from germany into brussels, you may have to talk about a change of the german constitution. a meaningful change of the german constitution, which of course does remember a public vote. if you were to ask for a public vote of this issue in germany, understood on a vote on italian debt or on spanish debt to be paid by german taxpayers? i guess it might be and therefore the german government might be reluctant to go into this direction rapidly. so we're in a very slow process here. >> when you look at the euro and where it is today, how weak does the euro need to be to drive growth in the eurozone? >> when you look in the various countries, there's a huge difference in the necessary for the environment to cope with. exchange rate is at about 165. you look at the italian euro, it is certainly way below 1.20. but the question here is do we need an exchange rate which is servicing the weakest link in europe and guess that's the case and therefore we stay convinced that the euro has to decline from here. and about it does not decline from here, you have
for example, if you wanted to transfer from germany into brussels, you may have to talk about a change of the german constitution. a meaningful change of the german constitution, which of course does remember a public vote. if you were to ask for a public vote of this issue in germany, understood on a vote on italian debt or on spanish debt to be paid by german taxpayers? i guess it might be and therefore the german government might be reluctant to go into this direction rapidly. so we're in a...
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Apr 4, 2012
04/12
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brussels, berlin, paris, amsterdam, the ecb has flushed the money markets with cheap money two three, $1 trillion. money into the market. not to mention the other nonthree-year ltros and the standard procedures. the eurozone money market is a wash with money. lowered interest rates twice, we've still got a bond purchasing program that's dormant but could be reactivated. we've got a covered bond purchasing program, the ecb's done for the time being. of course, talking about exit strategies is premature, probably foolish, but i think that's more of a political backstop position for the bank that have to make their voice heard and say, yes, but we will have to have an exit strategy early enough. we will have to find out how to basically haul in, how to rein in this extra money that is more speak than do. and for the time being, we have to wait how these two ltros really filter through if at all to anything like the real economy. we know the first one was basically aimed at sort of unclogging the dysfunctional money market that has worked to some extent. the second one was more or less de
brussels, berlin, paris, amsterdam, the ecb has flushed the money markets with cheap money two three, $1 trillion. money into the market. not to mention the other nonthree-year ltros and the standard procedures. the eurozone money market is a wash with money. lowered interest rates twice, we've still got a bond purchasing program that's dormant but could be reactivated. we've got a covered bond purchasing program, the ecb's done for the time being. of course, talking about exit strategies is...
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Apr 24, 2012
04/12
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politicians might pay lip service to the need for reform and they might actually decide on reforms in brussels, but before it turns in to law in will berlin, amsterdam or the hague, rather, paris, rome, athens, and other countries of of the eurozone, that's a different question. this is also the fear that you hear for example from angela merkel's council of economic advisers. we caught up with one of the down sers, one of the so-called wise men, and he also said the ecb has bought time, but not more. and be aware that playing with the idea of breaking up the eurozone is a very dangerous thought. here we go. >> the ekb has bought time and has very effectively bought a little bit of time, but during that time, the european governments must come to their minds and get a good solution plan going and a good solution plan would be one which balances model problems on the one hand and refinancing problems, acute problems on the other. >> do you think the breakup of the eurozone or some maybe countries like greece leaving the eurozone is, a, on option or, b, a danger? >> i think we should be very afra
politicians might pay lip service to the need for reform and they might actually decide on reforms in brussels, but before it turns in to law in will berlin, amsterdam or the hague, rather, paris, rome, athens, and other countries of of the eurozone, that's a different question. this is also the fear that you hear for example from angela merkel's council of economic advisers. we caught up with one of the down sers, one of the so-called wise men, and he also said the ecb has bought time, but not...