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pacific. now my take. the european crisis you have been reading about in the newspapers is worth watching carefully. it has now morphed into something much bigger than a european crisis. it could batter the entire global economy which is pretty fragile anyway. you read a lot about greece. the real problem is italy. you see, greece is a nano state and makes up 2% of the european union's gross domestic problem. italy is one of the seven or eight largest economies in the world. its debts are greater than those of spain, portugal, ireland, and greece combined. it has long been governed...

Before iran completes the second stage of nuclear enrichment necessary to make a bomb. >> the united nations the liberty and good sense paid such attention to the prime minister that in just a few months thisy rewarded observer status to the palestinians in direct violation of the oslo accords and with no sense of purpose in light of the fact that there had just been a barrage of missiles and rockets fired from hamas in gaza to which the palestinians applauded. go figure. but i will say this, prime minister netanyahu may be the churchill of our day. mitt romney picked up a good fight as the re...

On down there. a lot of people late in the night still celebrating. palestinianian corn out of which is a traditional treat here. the nurch of the nativity is where the gatt toe who is so. tourists go in and see and make the pilgrimage down to where the bible says jesus was born more than 2,000 years ago. midnight mass inside the church of the nativity, a standing-room only crowd as the latin patriarch proclaims the birth of christ at midnight. he went on to to talk about the birth of a nation. that being the fact that palestinians have observer status at the united nations which has caused a ...

Frustrated by the lack of progress. i assure you, so am i. the question isn't the goal that we seek. the question is how do we reach that goal? >> mr. obama also said the u.n. can't resolve the issues standing in the way of palestinian statehood. >> ultimately, it's the israelis and the palestinians, not us, who must reach agreement on issues that divide them. on borders and on security. on refugees and jerusalem. >> his aides have already said the u.s. will veto a security council resolution if necessary, something israeli prime minister netanyahu called a badge of honor. >> and i want to tha...