in their hearts inspire me. our shared obsession with innovation. it s an obsession. the united states is one of the most innovative economies in the world. the u.s. institution grants congress the power to, quote, promote the progress of science and useful arts by securing for limited times of authors and inventors the exclusive right. this idea to protect the rights of american innovators through large and small patent was at one point truly revolutionary. it s been extorted and expanded and they are killing off the one thing that everyone seems to agree, america does right, which is innovate. according to the new york times last year, for the first time ever, apple and google spent more money on patent lawsuits and patent purchases
journalist from the daily telegraph joins us from kabul with the latest. what s happening today, and could this escalate? well, it seems to have already escalated. today s protests seem to be more violent and more furious than yesterday. there are several hundred people on the eastern side of kabul trying to get into the city center. they ve burned shops. there are reports that shots have been fired in the air to try to stop them. there are also protests in the eastern city of jie lal bad, where a dr. told us that one person has been shot dead and ten wounded. so it is escalating already. ben farmer from the uk s daily telegraph. thank you. kevin rudd has resigned as australia s foreign minister. he made the announcement as a hastily convened press conference in washington. he told them he would not be involved in a, quote, stealth attack on a prime minister. there had been speculation that rudd was trying to challenge julia gillard for leadership amid reports she w
some 5,000 palestinians reportedly fled a u.n. refugee camp. more than 40 people have been killed in two days. those are the headlines from cnn, the world s news leader. world business today starts right now. good morning. from cnn london. i m charles hodson. and very good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories this tuesday, august 16th. new signs of slowing growth in europe as leaders of the euro zones top two economies try to restore confidence in the region. google announces its biggest bet. what s in it for the company and what it means for consumers. warren buffett says tax the mega rich. just how much of a difference would that make? we ll crunch the numbers. let s go straight to the market action in europe now where stock exchanges have been open just over an hour. here s how they re performing so far today. we re seeing a selloff, in fact a considerable selloff throwing away the gains that we