the odds of you standing there with the big check are just north of zero. so, why do we buy a ticket? are you ready. scott hotel is part of duke university s neuroeconomics team, exploring among other things why smart people make foolish decisions with their money. people don t buy a lottery ticket just because they have a chance of winning. they will buy a ticket because over the next couple days it allows them to fantasize what they would do if they won the lottery. in a sense they re paying for that experience rather than a chance for the lottery itself. it s not just the lottery. nathan zweig know is firsthand and put his brain to the test with scott s team at duke. it s a combination of neuroscience and economics basically using the tools of scanning and other measurement technology that neuroscientists have used for years to study how the human brain evaluates risk and reward over time, which is what investing is all about. reporter: from investing to buyi
good morning. it is thursday, july 14th. this is your a.m. wakeup call. here s break is news. we just learned that british police have made an arrest in that scandalous phone hacking case that brought down that is bringing down parts of rupert murdoch s news empire. i ll get you more on that in just a moment. i wish i could say there s big news about the debt ceiling talks. i can t tell you that. there s more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn t go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don t call my bluff, eric. and then he walked out a few minutes later. president obama said all along he d veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that de
parties in parliament called on murdoch to dump his plans to pursue it. at least four members of the u.s. congress want the government to investigate whether u.s. citizens were victims of phone hacking by murdoch s media outlets. international journalists were attempted to hack into the phone messages of 9/11 victims. > ruling party officials say mr. salih will go back after he s 4 surgery. those are the headlines. those are the headlines in cnn in london. world business today starts now. very good morning to you from cnn rome. and good afternoon from cnn hong kong. i m pauline chu and this is world business today. these are the top stories on this thursday, july 14th. running on empty and running out of time on both sides of the atlantic. there s a tense stalemate in washington as lawmakers fail yet again to head off the looming debt default. meanwhile, italy races to push through austerity measures and restore confidence in the country s economy. plus, rupert
Permits to go back to their home. we counted 520 people waiting in li line, four people were giving their permits. in some cases their houses were completely destroyed. in other cases the houses were fine, they just wanted to go back. they had to wait for hours. we re seeing a lack of organization. certainly emergency officials have a lot to deal with but they could be handling the situation more compassionately. at least that s the way we feel right now. this is gary tuchman, cnn in joplin, missouri. you re watching world one live from london. i m zain vergee. thank you for joining us. we want to give you another look at the dramatic tornado pictures. these were shot in the state of oklahoma. as for the people in that car, they are very brave and very lucky. this is world one on cnn.
These rikts are set to show demonstrations in dara last friday. although cnn cannot verify when the video was shot. an estimated 1,500 people are unaccounted for in joplin, missou nearly 100 volunteers are working to reunite family and determine who s really missing. the volcanic eruption in iceland that s disrupted air traffic in europe is finally ending. the ash cloud thrown up from the volcano is drifting east and dissipating and most of the airports closed are re-opening. those are the headlines. i m zain vergee, world business today starts now. good morning, from cnn london and welcome to world business today. i m nina dos santos. and good afternoon from cnn hong kong, rhyme andrew