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hello, everyone. i'm erin burnett. "out front," taxes, presidential candidate rick perry on the heels of last night's approximately debate proposing a flat tax. >> scrapping the three million words of the current tax code starting over with something simpler. a flat tax. >> a flat tax has one big problem. if you tax everyone at the same rate, people who make less get hit harder and pay more than the current system. the flat tax was popularized by steve forbes during his two presidential runs and exempted families of four making less than $36,000. bold ideas are something we challenge...

brand-new cnn/orc poll shows cain in a dead heat with mitt romney at the top of the gop field and cain's gain is rick perry's loss. the texas governor now a distant third. if you don't believe fortunes change in a heartbeat, take a look at this. just a month ago perry was riding high and cain polled a mere 9%. want to bring in my comrade in politics, paul stein houser, the venetian hotel at casino. hey, paul, can herman cain take these numbers to the bank or should we expect, you know, a bounce-back? >> yeah, i wouldn't take them to the bank yet, because, joe, this race has changed s...

but israeli wants new negotiations with him and the u.s. is threatening to move his move in the security council. in britain murdoch news international, the publisher of the defunct "news of the world" is negotiating a settlement with the family of a murdered teenager. those are the headlines. from cnn, the world's news leader, i'm zain verjee and "world business today" starts now. good morning from cnn london. i'm nina dos santos. >> and a great afternoon from you, i'm manesha tank. this is "world business today" and these are your top stories. the global showdown and prada prof...