in so doing, we have been developing an international banking problem. we have been waiting through what it takes to wire money internationally. turns out in order to purchase 70 bucks worth of t-shirts it s going to cost us $35, half that much money just to move that money to germany. that is typically what it costs to do an international money transfer between bank accounts. 30 or 40 bucks. so today when this happened, when there was a massive show of national security fire power in d.c., a suddenly convened press conference to announce a high profile arrest in a case that is a spy movie plot to end all spy movie plots. because we on this show are working out our international banking $35 fee snafu, one part of this complicated fascinating thing made way more sense than it ought to have. on august 1st of this year a 56-year-old iranian american with awesome hair who said he
full face veil in france says she actually wanted the punishment. she was one of two women fined under the country s so-called burqa ban on thursday. she ll take her case to the european court of human rights. i m monita rajpal. world business today starts right now. good morning from cnn london. i m nina dos santos. good afternoon from cnn hong kong. i m manisha tank. these are the top stories on friday, september 23rd. investors in europe take a breather after a tumultuous few days for global stock markets. as u.s. consumers keep their money in their wallets, the swap shop makes a comeback. and why the new zealand/france match is the hottest ticket in town at the rugby world cup. first to the european stock market action. this is how it looks about an hour into the trading session. some of these markets recovering a little bit after yesterday s steep losses. remember these indices put in losses in excess of 4% in just one trading day alone. what we ve got at the m
raising the debt ceiling since it was first instituted in 1917. they could do it with the filibuster, and not one of them ever has. many of them have voted against raising the debt ceiling for political convenience, just like senator barack obama did, but they all knew it must be raised. they knew it would be raised, and they all wanted a majority vote to raise it. this one-page bill can be passed literally in minutes, in identical forms, in both the house and the senate and delivered for the president s signature in minutes as it has been done many, many, many times in the past. so at 11:00 p.m. on august 1st, it is not too late for the president to veto any messy hunk of nonsense that the congress might deliver to him and insist that, instead, they send him one of these with an hour left on
raising the debt ceiling for political convenience, justç le senator barack obama did, but they all knew it must be raised. they knew it would be raised, and they all wanted a majority vote to raise it. this one-page bill can be passed literally in minutes, in identical forms, in both the house and the senate and delivered for the president s signature in minutes as it has been done many, many, many times in the past. so at 11:00 p.m. on august 1st, it is not too late for the president to veto any messy hunk of nonsense that the congress might deliver to him and insist that, instead, they send him one of these with an hour left on the clock or a half an hour left on the clock. he can insist, send me one-page bill with a debt ceiling increase on it and nothing else, and he can do that at the very last minute.
it was first instituted in 1917. they could do it with the filibuster, and not one of them ever has. many of them have voted against raising the debt ceiling for political convenience, just like senator barack obama did, but they all knew it must be raised. they knew it would be raised, and they all wanted a majority vote to raise it. this one-page bill can be passed literally in minutes, in identical forms, in both the house and the senate and delivered for the president s signature in minutes as it has been done many, many, many times in the past. so at 11:00 p.m. on august 1st, it is not too late for the president to veto any messy hunk of nonsense that the congress might deliver to him and insist that, instead, they send him one of these with an hour left on