in spain today, signaling that country might soon be in desperate need of a bailout. reporter: it was a clear warning flag: yields on spanish government bonds surged to 7% today, after moody s investors service cut its rating by three notches to just above junk status. that typically means a bailout might be needed. germany has been the go-to source for rescue packages, but chancellor angela merkel said today, her country cannot save europe on its own, adding germany s resources are not unlimited. some international experts says the best solution, and what investors want to see, a unified effort to rescue troubled nations. it would have to be a combination of the europeans as well as maybe the i.m.f. coming in, and so i think if those two would pool their resources i think the resources are there but the question is are spanish leaders willing to do what s need on their part for the europeans and the i.m.f. to come to their aid. susie: how to solve the financial crisi
and there were new developments in spain today, signaling that country might soon be in desperate need of a bailout. reporter: it was a clear warning flag: yields on spanish government bonds surged to 7% today, after moody s investors service cut its rating by three notches to just above junk status. that typically means a bailout might be needed. germany has been the go-to source for rescue packages, but chancellor angela merkel said today, her country cannot save europe on its own, adding germany s resources are not unlimited. some international experts says the best solution, and what investors want to see, a unified effort to rescue troubled nations. it would have to be a combination of the europeans as well as maybe the i.m.f. coming in, and so i think if those two would pool their resources i think the resources are there but the question is are spanish leaders willing to do what s need on their part for the europeans and the i.m.f. to come to their aid. susie:
that s critically important for consumers. you want to have more trust as the general council said in internet commerce. i d agree with, that, and i l close with this that the statement was made here that it s in the nature of the internet industry, the web industry, whatever, to compete with the trust of the consumer. and that in so doing, they get the trust of the consumers, and there s no need to consider regulation. that goes against my general theory of corporate america. talking about competition has the most cut throat competition going on that exists, people emerging and swallowing, doing all kinds of things, it doesn t make sense to me that people can compete for something that s not in their economic interest except that they are required to do so by a higher power that understands the protection is not just what is already on the book, and protection is a part of the rule of law so to speak in america. well, if i can just respond to that, imagine we maureen a
business leaders of the council have a long track record of commercial success, building technology companies that compete in the marketplace and make a strong case in the report the with the government as a part of the united states can continue to lead in the clean energy sector. as all of the witnesses today point out in their written testimony there s a global race to produce the next generation of energy technologies, the prices on our electricity bills or at the pump do not always reflected our current energy system is very expensive, and the costs all of us pay in national energy and climate and economic security are unacceptably high, and it s likely the fast-growing economies throughout the developing world will be looking to a new generation of technologies that of lead these costs. it s not only a concern about costs and their effect on future generations, it s also a significant commercial opportunity for u.s. entrepreneurs. fortunately, developing new technologie