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March 2, 2011
The price of cocoa is also trading near record levels. cocoa is up 28% since the beginning of this year, largely because of the political instability in the ivory coast thats led to a vul churl halt in exports. meanwhile, the price of sugar is close to a 30-year high. prices have doubled since last may following poor harvests in brazil, india, and china, and a series of natural disasters in australias sugar cane region. nowhere are the sky high sugar prices more evident than in south america. in...
March 2, 2011
Countrys poor dont see anything of the oil wealth. >> reporter: like other rich oil nations, libya has a so-called sovereign wealth fund. its invest in a number of italian firms including eni and defense firm fimnemanica and persson. and it was going to double the oil infrastructure back to the levels not seen since the 1970s. now that will surely depend on whether oil companies go back in. jim bolton, cnn, london. libyas capital city appears calm but tense wednesday when a fuel truck overturn...
March 2, 2011
Reserves primarily to boost food production and lower prices. the idea is to also create a stock pile of agricultural products like sugar and rice that you would who be available in case of a world food short amg. whats clear is something needs be done and soon. rafael romo, cnn, atlanta. the bolivian president evo morales has pledged to build new houses to thousands of people left homeless after a megamud slide. the country is being hammered by heavy rainfall this week. lets go to our meteoro...
March 2, 2011
The credit card and saying, going forward, were not going to do more spending. but these are -- these this is money that weve borrowed. these are commitments that weve made. >> the -- and protection in the -- >> produce long-term debt with the real plan to cut future spending tore economy will not recover. meanwhile, house members have reached an agreement to prevent a government shutdown. plus cnns samantha hayes tells us its only a temporary deal. >> the nays are 91. >> lawmakers in the house ...
February 18, 2011
First mubarak and now ali. by the looks of it, this crowd very emboldened and ready to keep marching saying they want their freedom. they want change. mohammed jamjoon, cnn, sanaa, yemen. >> pretty amazing stuff. we also saw growing protests and violence in libya today. thousands took to the streets to support -- to show their support for and opposition to strongman moammar gadhafi. at least 20 people were killed in libyas second largest city during clashes with security forces. we have late wor...
February 18, 2011
Reason for that could be that some of those enforcers arent even from those countries. in bahrain, protest remembers fired on. in libya, reports that the scale of brutality is even worse with security forces killing scores of demonstrators, wounding hundreds. and there are concerns over just who is doing the dirty work. in bahrain, an opposition leader says this about the people confronting them. >> you know the police dont speak arabic. >> reporter: in benghazi, libya, men were armed with stone...
February 18, 2011
>> you can see my interview with donald rumsfeld on cnns "state of the union" sunday at 9:00 a.m. and noon eastern. for many republicans, the health care bill is known as obamacare. well, now some democrats are taking offense at the term. well tell you why. plus, the power of unions now in jeopardy in wisconsin and states around the country. are they the latest casualty of tough budget decisions? across the country when the economy tumbled, jpmorgan chase set up new offices to work one-on-one ...
February 18, 2011
If this is free housing that i have to pay some tax for, ill pay it. >> so far there are only a few dozen congressmen, not congresswomen, who are sleeping in their offices. there are no showers in the bathrooms leaving the gym as the only place to wash up. candy? youre in "the situation room." happening now. fiscal crises and budget show down. from state capitols to the u.s. capitol. where the likelihood of a federal government shutdown seems to be growing every day. also, funerals for protest...
February 18, 2011
Indiana and other big 2012 political battle grounds. wisconsin is just a start. >> its just a start, just a start. youll start to see it all over the country, andation said this is payback for some of these, you know, folks. >> reporter: labor officials charge teachers in wisconsin are being unfairly targeted for deep cuts. they get smaller raises, pay more out of pocket for pensions and health care and lose collective bargaining rights for both. wisconsins republican governor scott walker stari...
February 18, 2011
External forces. >> one analyst told me if the bahrainy royal family is severely threatened by this unrest, they may ask the saudi government to send in the saudi national guard to help them quell the protesters. i asked the senior bahrainy official about that. he said we hope it never comes to that, and i said well, what if it does? he said we hope it never comes to that. he didnt really deny. >> kind of answers they are getting these days. thanks so much. thanks, brian. the violent political...