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Transcripts For CNNW World Business Today 20111026

the former libyan leader was buried at a secret location in the desert. a handful of supporters paid their respects. in tunisia, a moderate party has won the country s first free election. the country s once banned party has begun coalition talks, but the results have some worried that the rise of a religious party might endanger civil rights especially for women. and now officials say they ll reach out to secular political parties to form a broad-based moderate coalition. the thai government is in crisis mode as floodwaters push further into bangkok. they shut down the city s second airport on tuesday. waters ep croced onto runways making takeoffs and landings impossible. the airport s been doubling as a shelter and headquarters for flood relief operations. those are the headlines from cnn, the world s news leader. i m zain verjee, and world business today starts now. it s the day investors have been waiting for. they meet in brussels to hash out a complex plan to hash

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Transcripts For CNNW The Situation Room With Wolf Blitzer 20111025

i m wolf blitzer. you re in the situation room. captions by vitac www.vitac.com he s plunging in the polls and in need of a boost. will a new plan help rick perry climb back to the top of the republican race? his rival, herman cain, is leading the pack according to a brand new poll and perry is a distant fifth with cain apparently benefitting from his 9-9-9 tax plan, perry today unveiled his own new tax plan and 20 is the magic number. he proposes a flat tax of 20% for individuals and corporations, but in a twist, perry would let people choose to pay his flat tax rate or file under the current system, which he derived. the size of the current code is more than 72,000 pages. that s represented by this palate right over here and the reams of paper. that s what the current tax code looks like. the best representation of my plan is this postcard. this is is size of what we re talking about right here. taxpayers will be able to fill this out and file their taxes on that.

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