to libya, tunisia, and egypt. many others are trying to get out. an association with the libyan leadership has cost one top english academic his job. director of the london school of economics resigned on thursday. the school says it ll give back the nearly $2.5 million received from a libyan charity. a government spokesman says this year s defense budget will grow by 12.7% compared with last year s increase of 7.5%. china s defense spending. a german official says the alleged shooter is a recently radicalized muslim who was apparently influenced by extremist islamist websites. officials say he acted alone. those are the headlines, world business today starts right now. good morning from cnn london, i m charles hodson. and good afternoon from cnn hong kong, i m andrew stevens. you re watching world business today. our top stories this friday, march 4th, hopes are rising that the world s biggest economy will finally deliver a bumper jobs report. the head of one o
rose: welcome to the broadcast. we begin this evening with its new york times petroleumitieser prize winning columnist and best selling author tom friedman. what worries me about america today, charlie, is that we are produces suboptimal solutions to all our big problems. whether it is called health care. whether it s called financial regulation, whether it s call debt, whether it s called energy and climate. where asa because it has an authoritarian system run by engineers, not lawyers, can actually order through awe tore author toreian means in many case morse optimal solutions. rose: we turn to the middle east with two respected experts and authors eugene rogan and stephen cohen. people in the arab world who have continued to really hope to see a new dawn where they might take command of their own future and what not are finding themselves more powerless than ever. and there s a deep sense of malaise particularly after the war in iraq. that really has been rad
rose: welcome to the broadcast. we begin this evening with its new york times petroleumitieser prize winning columnist and best selling author tom friedman. what worries me about america today, charlie, is that we are produces suboptimal solutions to all our big problems. whether it is called health care. whether it s called financial regulation, whether it s call debt, whether it s called energy and climate. where asa because it has an authoritarian system run by engineers, not lawyers, can actually order through awe tore author toreian means in many case morse optimal solutions. rose: we turn to the middle east with two respected experts and authors eugene rogan and stephen cohen. people in the arab world who have continued to really hope to see a new dawn where they might take command of their own future and what not are finding themselves more powerless than ever. and ere s a deep sense of malaise particularly after the war in iraq. that really has been radica
rose: welcome to the broadcast. we begin this evening with its new york mes petroleumitieser prize winning columnist and best selling author tom friedman. what worries me about america today, charlie, is that we are produces suboptimal solutions to all our big problems. whether it is called health care. whether it s called financial regulation, whether it s call debt, whether it s called energy and climate. where asa because it has an authoritarian system run by engineers, not lawyers, can actually order through awe tore author toreian means in many case morse optimal solutions. rose: we turn to the middle east with two respected experts and authors eugene rogan and stephen cohen. people in the arab world who have continued to really hope to see a new dawn where they might take command of their own future and what not are finding themselves more powerless than ever. and there s a deep sense of malaise particularly afr the war in iraq. that really has been radicali
could be living in a nation in that peters out somewhere east of the mississippi. we might not have gone to the west via erie canal en the continental nation, the spanish in the south, even russian influence from the northwest, why not have given us the country we have now. .. i think it s probably an essential, i m not an expert in this area but i have noticed the development of the idea especially because people keep mentioning erie canal but i think it s a central. american infrastructure is falling apart. i don t think we have done much since the 1950s. another similarity between the erie canal and what we have now is that the canal was built during the country s first great depression. the canal project started in 1817, but in 1819 before much of it had been built we had the panic of 1819 caused in large part by flawed 19 policies. and that depression lasted into the middle 1820s, the precise building of the canal. what that depression did actually was allow for con