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hit. the president of yemen s refused to sign a deal with opposition leaders to step down. the agreement had been brokered by make states. the ministers failed to convince fail the president. barack obama arrives in ireland today at the start of his visit to europe. as part of his trip he s going to visit the home of his great great great grandfather. i m zain vergee in london. world business today starts now. good afternoon from cnn hong kong, i m andrew stevens. and a very good morning to you from cnn london, i m nina dos santos and this is world business today. from sink ronrow nized swim, the imf hangs out the hiring sign. and a world business today today exclusive, the mwe have t internal e-mail. another huge plume of volcanic ash shuts down iceland s air space is spreading towards the united kingdom. before all that we have a sell-off going on in the markets. asian shares down heavily. we ll have those numbers in just a moment s time. let s begin ....
They provide the institutions to take greater risks than they otherwise would. this is before and during the implementation of tarp. does that mean the success of the program, which will repay all by $20 billion or $25 bil billi billion, could that mean the failure of the system? you cannot take a look at the big picture until you look at tarp entirely. when the government came out in 2008 and 2009 and say the largest banks will not fail. it helped save the financial system. it gave the banks the incentive to take greater risks. we are in a very dangerous place right now. these banks are still too big to fail. there is still implication that the government is going to bail them out. let s be clear. when we say too big to fail, it means that. if the banks hit the rocks ....
Passengers could be deceptive. one of the things which has led to increase in complaints is the department of transportation to their credit has put together a very good online system for filing a complaint. so it makes it easier than the old days when you had to write a letter or call the 800-number. reporter: quickly, here is context and perspective for you. delta airlines, the world s largest airline posted a profit of $363 million in the third quarter. compare it to apple. the company, apple posted a profit of about $15 bil in its third quarter. so it is all relative and not exactly like the airlines are rolling in the dough here. shannon? shannon: all right, casey. pack a lot of patience. the best advice. exactly. shannon: thank you. well, there is a huge science expo going on right here in washington, d.c. president obama is promoting the topic. we ll tell you how right after the break. you know, fresh green beans lose half their vitamin c in a week. ....
Our panel, david brooks, e.j.dionne, andrea mitchell and maria bartiromo who celebrated her 20th year in washington. congratulations. thank you. first takes from everybody. what has changed after this dramatic week? i think the republicans may tire of doing faceplants, so i think the modern concessions that exist may have had a little manhood injection. they need to stand up to the tea party and be a little more modern party, or more realistic party. i think the era of the tea party is over. we wasted 12 to 15 billi$15 bil political action that was designed to win by intimidation. we have an abnormal government for the first time since the elections. the economy takes a hit. probably about six-tenths of a ....
They announced a 15abili$15 bil loss and got rid of their chairman, their ceo, actually. they are down by 80% since the march 11th earthquake and tsunami, dropping as i said by another 9% today. looking at the broader markets, the nikkei finishing off sharply. the nikkei down by 1.5%. here in hong kong, the index down more than 2%, shanghai almost 3%. we had numbers out on a managers purchasing index showing it s slowing down, that the factories are not asking for as much. there are more indications there may be a bit of a slow down going on there. australia down nearly 2% as well. in the u.s., markets look set for a lower open when the new trading week gets under way. this is what the numbers look like so far. ....