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some 5,000 palestinians reportedly fled a u.n. refugee camp. more than 40 people have been killed in two days. those are the headlines from cnn, the world's news leader. world business today starts right now. good morning. from cnn london. i'm charles hodson. >> and' very good afternoon from cnn hong kong. i'm andrew stevens. you're watching world business today. the top stories this tuesday, august 16th. >> new signs of slowing growth in europe as leaders of the euro zones top two economies try to restore confidence in the region. >> google announces its biggest bet. what's in it ...

Remember in the last year public spending growth slowed sharply. public investment fell out right and taxes went up in the beginning of 2010 and further hike in the beginning of this year. so fiscal typing is not something that lies in the future. it has already been with us for awhile. it looks as if the economy is growing not at a spectacular pace, but a tolerable pace in the face of the fiscal tightening. >> is it growing or flat lining -- flat lining? >> the gdp has been flat the last couple quarters. that includes the last two quarters for construction in the last 45 years. you have to tr...

Room. in the meantime, let's check wall street kicking off a new week. about 20 minutes from now. let's go to cnbc's becky quick. good morning. >> it looks right now like the futures are flat lining. not a major direction one way or the other but that's because the dow on friday closed at a two and a half year high so traders are waiting for some signals. it is a big week for earnings. in fact, half of the dow 30 components are expected to report. we kicked things off with mcdonald's that came in with numbers right in line with expectations. if you look at the sales at stores open at least a y...

Two. he went with new entitlements with the new deal. that's weird. this is what obama is doing. reviving the economy with massive government spenneding and expansion of entitlement. stimulus one, two, three, are we up to four yet? do i hear five? we have cash for caulkers, cash for clunkers, financial reform, takeover of the student loan industry, healthcare, it's fantastic. how do the story end? unemployment remained unresponsive. weird. through the new deal and new deal two. obama, the unemployment has gone up and stayed there. flat lining. that is weird. f.d.r. blamed hoover for the econom...

Like stimulus and stimulus two. he went with new entitlements with the new deal. that's weird. this is what obama is doing. reviving the economy with massive government spenneding and expansion of entitlement. stimulus one, two, three, are we up to four yet? do i hear five? we have cash for caulkers, cash for clunkers, financial reform, takeover of the student loan industry, healthcare, it's fantastic. how do the story end? unemployment remained unresponsive. weird. through the new deal and new deal two. obama, the unemployment has gone up and stayed there. flat lining. that is weird. f.d.r. b...