our asia business reporter nick marsh is following the story from singapore. this is such a headache, tell us what is going on now. it is a new year us what is going on now. it is a new year and us what is going on now. it is a new year and there - us what is going on now. it is a new year and there is - us what is going on now. it 3 a new year and there is new problems for the chinese property sector. so many firms facing so many issues, evergrande, like you mentioned, another one, shimao are facing all kinds of problems. they were known as one of the healthier chinese operative firms until very recently, they had what is known as an investment grade rating, but they have just been drastically downgraded by international credit rating agencies after they defaulted on a $100 million trust loan repayment. so they put all the properties up so they put all the properties up for sale as they scramble to raise a bit of cash, and it seems that no firm is safe in this crisis. then of cour
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that camp lejeune wouldn t be falling to the hurricane, they would be able to hunker down and make it through. that s the new river, right. the ocean is seven miles that way. you see how high it is. all of this water being pushed up, but we are a little bit elevated. we will swing around here and i will show you one of the headquarters buildings. this is elevated. most of the base is about 35 to 40-feet above the floodplain so they always had a sense they would be able to ride it out. why did they want to ride it out? so they could be in position to go ahead and render assistance with all of the assets they have. they have 200 helicopters they flew off, they have a big marine station here, air station. importantly, craig, they also have two amphibious ships off the coast. they can come in at any time and start providing assistance. craig. the marines want to get out and help. not surprising at all. hans, thank you, sir. that is going to do it from here in wilmington. again, the winds
perfect. that s what the air force says. it s not an environment where they can tolerate any mistakes. john, christine? our thanks to barbara starr for that. that s the thing, there s no margin for error when you re dealing with nuclear weapons there. that s right. more layoffs to tell you about at computer giant hewlett-packard, announcing plans to cut 11,000 to 16,000 jobs. that s in addition to the 34,000 layoffs already in the works. hp says the cuts would be across the board and save an additional $1 billion per year. the company s had difficulties as consumers shift away from pcs to mobile devices. mcdonald s ceo responding to two days of protests over low worker pay, responding at the company s annual meeting in illinois on wednesday. police arrested more than 100 people as protesters forced mcdonald s to close one of its headquarters buildings. ceo don thompson telling shareholders we respect the fact they want to challenge us relative to wages. we pair fair and compet