more on this story in a moment on world business today. human rights groups are warning that they were struck on monday. troops were sent to hama on sunday to report on terrorist groups. by day s end activists say at least 71 civilians have been killed in hama, the site of huge anti-government protests. on monday is the beginning of ramadan. it s usually the time of good will and muslims fast to show devotion but it s usually high attendance at mosques and many of the anti-government protests have begun after prayers. the former prime minister mubarak s trial has been moved to wednesday. the once untouchable mubarak could face the death penalty for his alleged role in the killings of hundreds of anti-government protesters. those are the top stories. i m zahn verjee in cnn london. world business today starts now. captions by vitac www.vitac.com good morning from cnn london, i m charles hodson. and a very good afternoon from the hong kong waterfront. i m andre
to an automaker and with bankruptcy that person goes into court and says, look, my debt exceeds my ability to pay, and, so i need to have some or all of my debt discharged. so it is different. neil: if we had a allowed g.m. to file bankruptcy, rather than having thesthe tab for the process, right? guest: correct. president until the reason unions are scared, obviously, is it would, they say, allow governors to just make null and void contracts with state workers. that are legitimate. guest: i understand that concern and that is part of what triggers the constitutional question whether under the contract clause you want states to have the ability to discharge a contract. this deserves careful
9% since the beginning of december expected to rise further. prices at highest level since october 2008 and could see another to 65 cent jump by march and april. i m marianne rafferty. now back to on the record. for your latest headlines go to foxnews.com. greta: for starters, no one bailed you out. the banks got bailed out. then the auto companies. are bailouts for states around the corner? joining us reporter for the san francisco con cull chronicle. nice see you john. no sooner did the new york times report there was talk about possible bankruptcy for the states allowing tates to state to file bankruptcy, your treasurer issued a press release saying that is not us
supplies for the international space stigz lifting off a short time ago. the unmanned rocket is carrying nearly 6 tons of food, water and clothing and experimental equipment to the astronauts. on the way back to earth, it will burn itself up when it re-enters the atmosphere. now back to on the record. ur o to foxnews.com. greta: for starters, no one bailed you out. the banks got bailed out. then the auto companies. are bailouts for states around the corner? joining us reporter for the san francisco con cull chronicle. nice see you john. no sooner did the new york times report there was talk about possible bankruptcy for the states allowing tates to state to file bankruptcy, your treasurer issued a press
release saying that is not us and criticizes it. having said that, is there any chance these states will file bankruptcy or want to or would be allowed to file bankruptcy? i think the big thing to remember is that right now they can t file bankruptcy. the federal bankruptcy law allows cities, municipalities and counties to fail bankruptcy but does not allow states. in order for states to be allowed to file bankruptcy, the federal law has to change. having said that, the only way it can change is if congress does something. then they could only file bankruptcy if they chose to file bankruptcy. because they are sovereign states like cities, they can t be forced by a creditor into bankruptcy. they have to choose it themselves. certainly california wouldn t choose it now. greta: i thought the reason why the press release came out so quickly, at least my impression was, is because it