and an exclusive investigation into the risks of off-shore drilling. we went outfront to the arctic. shell has a plan to prevent the disaster like the one that happened to bp and the deepwater horizon. does it add up? let s go outfront. outfront tonight, ben bernanke says no to the addicts. addicts that are desperate for another hit of the fed s drugs. today in hearings on capitol hill, america s top banker, the chief of the federal reserve, got more negative on the state of the u.s. economy. given that grth is projected to be not much above the rate needed to absorb new entrance into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. so what s the solution? well, in note after note from wall street economists and traders today, i read something along the lines of this. bernanke will launch another round of easy money to help the economy. it will bring interest rates even lower. it s just a matter of time, he ll do it, he
does it add up? let s go outfront. outfront tonight, ben bernanke says no to the addicts. addicts that are desperate for another hit of the fed s drugs. today in hearings on capitol hill, america s top banker, the chief of the federal reserve, got more negative on the state of the u.s. economy. given that growth is projected to be not much above the rate needed to absorb new entrance into the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. so what s the solution? well, in note after note from wall street economists and traders today, i read something along the lines of this. bernanke will launch another round of easy money to help the economy. it will bring interest rates even lower. it s just a matter of time, he ll do it, he ll do it, don t worry. that s the kind of talk the addicts use. yearning for more of his powerful drug, which is essentially just cheap, easy money. so many were hoping for another shot of the goods
there s no question that we have our work cut out for us. but this say public health crisis and we re responding. reporter: on capitol hill, drug makers testified over regulation is partly to blame for drug shortages, not greed. manufacturers do not and would never deliberately reduce the supply of essential medicines. reporter: for this family and those like this, political finger pointing will do little good the next time their loved one needs an ambulance. she s an integral part of our family. we wouldn t be the same without her. reporter: president obama supports bipartisan legislation requiring drug companies to report drug shortages to the fda. but so far, congress has failed to act. susan candiotti, cnn, new york. a top world diplomat asked syria s president to stop the carnage in his country. the secretary-general is in damascus meeting president assad. more than 06 people were killed today in fighting across syria. israel launched air strikes against su
scenes says the bodies of women and children are inside. they say armed thugs and syrian tanks are randomly shooting and wrecking property. at least ten people were killed on thursday as security forces attempted to crush protests. two news of the world executives are disputing rue put murdock s testimony. they say murdoch misled the committee last week when he said he was not i ware that the hacking went beyond an e-mail. the steamy heat that s been roasting the midwest, u.s., is now heading to the east coast. some 60 temperature records were shattered on saturday. they blame the heat for at least two deaths. in minneapolis the marquis reads we have air conditioning. who cares what s playing. those are the headlines from cnn, the world s news leader. i m monita rajpal. world business today starts right now. captions by vitac www.vitac.com good morning from cnn london, i m nina dos santos. and from cnn hong kong, i m manisha tank. these are the top stories on
not to waste their time on a symbolic vote due to happen very soon. i m woft blitzer here in the situation room. rupert murdoch says this is the most humble day of his life. a titan of news business, he was called on the carpet before the british parliament today over the phone hacking scandal that shocked and afalled the world. along with a son and former chief executive, murdoch was hammered with questions about alleged crimes that brought down his popular tabloid, the news of the world. we felt ashamed of what had happened and wanted to bring it to a close. people lied to you and lied to their readers. we had broken our trust with our readers. it was rivetting, rivetting with the hours before these members of parliament. the headlines richard on what we learned. rupert murdoch said and admitted, this was the most humble day of his life. he was ashamed, as you just heard. but he also learned that they don t take responsibility for what took place. he said they