the future with a brilliant harvard physicist. then deep inside the way your mind works and sometimes why it doesn t. fascinating conversation with nobel prize winner daniel kahneman. a big birthday but an awkward time to throw a big birthday bash. i ll explain. first here s my take. it s the start of the new year and we will do predictions on this show. i thought i d try my own hand at some before asking others to risk their reputations. and in the spirit of keeping myself honest, i m going to look back at what i said and wrote in time magazine at the start of last year and see how i did. it s always risky to stick your neck out and humbling to look at your predictions but here goes. the only indulgence i allow myself is to start with areas i did well. i said i thought china would moderate its foreign policy behavior recognizing its assertiveness and arrogance over the last year had caused jitters throughout asia. i think that happened. i said the taliban s momentum wo
if spoke on thursday telling people to rise up and attack. the nation s capital has been moved from tripoli to gadhafi s place. the challenges that lie ahead. over 70 countries recognize them as libya s interim leaders. japan s new prime minister is said to hold his first news conference in just a few minutes. he previously served as finance minister. par lament elected him on tuesday, making him the country s sixth new leader in five years. in istanbol, some of the worst protest violence in turkey in years. scores of young kurdish threw stones ant petro bombs at security forces as they fired tear gas to try to break up the grounds. they organized it to mark world peace day and it did start out peacefully, but some kurds are bitter over the turkish/kurdish rebels on the diopside of the border. those are the world news headlines. i m max foster. world business today starts right now. good morning. from cnn london, i m nina dos santos. and a very good afternoon from c
opportunity to do something big. we have a chance to stabilize america s finances for a decade, for 15 years or 20 years. if we re willing to seize the moment. what that would require would be some shared sacrifice and a balanced approach that says we re going to make significant cuts in domestic spending. and i have already said i m willing to take down domestic spending to the lowest percentage of our overall economy since dwight eisenhower. it also requires cuts in defense spending. and i ve said that in addition to the $400 billion that we ve already cut from defense spending we re willing to look for hundreds of billions more. it would require us taking on health care spending. and that includes looking at medicare and finding ways that we can stabilize the system so that it is available not just for this generation but for future generations. and it would require revenues. it would require, even as we re asking the person who needs a student loan or the senior citizen o