Coast as the European Union try to step up their efforts. Total and utter devastation. More than 100 people we now believe have died after a 7. 8 magnitude earthquake struck nepal just to the north of the capital of kathmandu. There is Little People could do but to dig through rubble with their bear hands to desperately reach people. Injured treated out in the streets. Fears and aftershocks fear collapses meaning that this more than likely was the safest place. The monuments and historic buildings. This was the tower in kathmandu before the quake. This was what was left after the tremor reduced its two republic. We understand that a number of people who were visiting this died when it collapsed. Lets hear now from subina. Shrestha who is in kathmandu. People describe wave after wave of tremors the army sifting through the rubble looking for signs of life as well as bodies. The number of People Killed is rapidly increasing. Hundreds of bodies have been recovered. People have been trap i
[inaudible conversations] i think we will get started. I want to thank julia ott before introducer for allowing me to say a few words. Welcome the new school. Welcome to one of the featured events of the Harvard Center for capitalism studies. For a couple of years i taught a course at eugene college, our undergraduate division, on understanding Global Capitalism. The first day we become in and everyone had to look at the tag of the shirt to the person, shirt of the person to their loved and tell us what country that shirt was made in. So that was the first thing we did in understanding Global Capitalism. We would write the names of the countries on the board. And it was invariably 25 countries. Actually remarkable that the production still quite diversified. What we learned by looking at cotton shirts in that case was about globalization of production. We learned about the modern structure of the modern corporation, about branding, fashion design, about the relationship between trade a
Brussels. We cannot take more austerity measures. We cannot reduce further the lives of people willing to take structural measure wes a fiscal impact, but not austerity measures. And its the season for whale watching on wall street as we find out what stocks Warren Buffett has been buying and selling. Plus, the ps4 goes on sale today with sony hoping the console will generate stronger orders than microsofts offering next week. All right. We are into the last hours of Worldwide Exchange for the week. The pbl may be on the verge of a split as rumors swirl supporters of berlusconi plan to break away from the summit. Next, its economy is worth an estimated 1. 8 trillion, but indias attempts to boost further Economic Growth has so far been hampered by volatile currency. Well look at the countrys challenges at 10 30 cet. Then our innovations cities week draws to a close by looking at how technology is revolutionizing urban security. Well shine a spotlight on the gun tracking system at 10 50
A vibrant habitat ah, ended glistening place of longing. The mediterranean sea. We have a mustard and to follow up to korea, drift a exploring modern lifestyles and the mediterranean meeting. People actually hearing their dreams, a determined journey. This week on d, w this is the w news asia coming up today. Its a climate of urgency. Why isnt there more urgency the on track to creating green or infrastructure. We take you under ground to deli solar powered matrox, but is the rest of the nation on the same train when it comes to going great. And the constant battle against rising seas on central jo, cutting down mangrove forest sleeves, coastal communities vulnerable to the forces of nature and as forcing locals to rethink their lives. I once lived someplace that isnt like a family moorland thats dry. Hopefully somebody thats safe from flood ah, im been fizzle and glad you could join us. Indias infrastructure is going through a green transition. Its already built, some of the Worlds La
In this hour a strategy in stock picks to help ride out, contessa, the volatility. Hello, tyler. Hello, everybody yields rising, the dollar surging, stocks have given up all of their earlier gain. The dow down as much as 429, now down 1. 3 . The s p off 1. 2 the nasdaq composite down 0. 50 . The nas dabl dak was up 4. 1 at the high the treasury yields, twoyear, highest, yielding 4. 35 tenyear hitting 3. 9 . The dollar index at a multidecade high the british pound falling to a record low against the greenback. The dollar index up 0. 92 . Tyler . Thanks very much, contessa. Lets see where we are because we dont have the prompter the current macro environment is difficult to figure out, but our next guest says you have to respect it, tread a little carefully and stay fully invested for more, lets welcome in jason ware from albion financial good to see you. You say recession is coming in 23, but dont get too grim about it good to be with you, tyler. I think for longterm investors you have