times for people who aren t rich players or owners. take san antonio. the spurs are the only major pro sports team. some 4,000 people depend on them for a living. and then cities like sacramento, orlando, portland, salt lake city, the nba is the only major pro sport in that town. we ll see the economic impact there for sure in those cities. so, let s talk more about this with mike pesca from mpr. mike, it s a complicated money dispute, no doubt. what is the main sticking point at 9:01 eastern time on this tuesday? money. lots and lots of money. the players get 57% of all basketball relate under come and the owners get 43% and the owners are saying just not a high enough percent for us to have this be a viable business. inowners are saying 22 of the 30 teams don t make a profit. they re willing or at least publicly saying they re willing to blow up this system. nba players are very well paid. the best in professional sports in the world. their average salary is between $5 mi
spill off its island is the worst maritime disaster. oil is gushing from the container tank rena which ran aground on wednesday. the man who some call the merchant of death is facing trial in new york this week. suspected russian arms dealer ric viktor bout has been accused of transporting arms around the world. bout has pled not guilty. the iranian government sentenced an actress to a year behind bars and 90 lash force her role in this film my tehran for sale. the film criticizes the islamic republic for limiting artistic expression. those are the headlines from cnn, the world s news leader. world business today starts right now. good morning from cnn london, i m charts hodson. good afternoon, from cnn hong kong, i m andrew stevens. you are watching world business today. the top stories this tuesday, october 11th. beijing steps in to buy chinese banking stocks. just how much trouble are the banks facing? we are joined live from the nation s capital. rising floo
after a judge ruled that islamic law will take precedence over the laws of the state. reporter: formy trustees suing the mosque in a money dispute. the judge rules that islamic law will help to resolve the case. the judge said that he will apply islamic law because that s what the two parties agreed to. reporter: shahzad ahmed said that if the parties had a dispute, they would go into arbitration and use an imam to solve their differences. agreeing to a different set of rules is not unusual. reporter: the ruling said that the florida supreme court and supreme court have made
seats in parliament. build it now, that was the rallying cry of hundreds of construction workers at ground zero yesterday. they want a faster pace for the rebuilding of the world trade center site. a friday deadline is set to work out a new rebuilding schedule. a money dispute is holding up part of that project. i can t fight that, represent my district and run for re-election and the health care bill and, oh, by the way, i may have cancer. i ve got to prioritize my life. but here s what it s about. i took responsibility for my life because clearly somebody, somebody on my staff thought that i did not deserve to be in congress. he s had some explaining to do but excongressman eric massa s reasons for retiring still confuse more than actually clarify. at various times over the last week massa pointed to health reasons, a congressional ethics probe and fellow democrats wanting him out because of his health care reform stand.