Charlie Rose talks to David Beers of S & P

By Charlie Rose

The most important question in my mind is why - and why now - did you make this decision?
Why, we talked for some time the progressive deterioration in public finances U.S., which is not new, and it is not due to the recession. It is a process which has been unfolding for much of the last decade. And then of course, in addition, the cyclical slowdown due to the serious recession did worse. If the Administration and Congress move to address these trends, they will go to deterioration due to aging of the population - things like Medicare, Medicaid and social security.

Why now, we have taken this decision because when one looks at the highly polarized debate going on in Washington and very strong differences between Republicans and Democrats, including the Administration, about what could be done, we believe that it is unlikely that they will be able to narrow the gap, particularly on the course of the next few months. And there is no assurance, even after the 2012 election, that the two parties would be able to meet and begin to have a significant impact on what is still a rising burden of the debt of the U.S. Government. When we compare U.S. financial history with a number of other sovereigns key - level AAA - Europe and also the Canada in North America it see us Governments taking action and describing programmes to reduce their structural deficits. And the United States course, we always talk about it.

Some are characterize as draw a shot across the bow of the U.S. Government. You see it say that?
No.. The way we see it is our way to see all our credit ratings sovereign, who is to give an independent opinion of what we believe that the underlying credit trends are. We do take a position on what are good or bad policy for Governments to pursue. We analyze what we think are the implications of these choices credit. This is true to the United States and it is true with other sovereign Governments 126 we speed around the world.

How would you describe the way in which the markets have reacted?
It is early days yet. And don't forget that the step we have taken is a negative perspective. We have confirmed the AAA rating at the same time and we reminded people that means negative outlook, which means that it is at least, in our view, currently one in three chance that the rating would be lower. We also said that if we lowered the rating it would be by a single step to AA +. If in the spectrum of ratings from S & P (MHP), if this happens, it would be indicated only a very fresh credit of U.S. permanent degradation. Of course, it is also true that a sovereign credit rating AAA has special significance in General.

If you lowered the rating, what do you think that the impact would be?
I know, because we know from experience in the world, that sometimes markets that align with our opinions and sometimes not. And this is what happened in Europe over the last decade. There is an eloquent testimony to that: since many years, the market has been pricing all euros and the sovereigns, including those that we read on today as the Greece, Portugal, the Ireland and Spain, to AAA levels. In a number of these cases, we took a very different view for a long period, and the market ignored this opinion.

It is suggested that this gesture is really an attempt to regain the credibility that agencies, including yours, scoring lost by established rating mortgage-backed securities - that it is an attempt to get out in front of a problem.
There are two things to say about this. One is, it is important to actually read what we say. This is why we all have our mis research free of charge, including our sovereign research, on our public website - for people to read our analysis. If they agree with us or not, always is a good idea before reach you a conclusion to read what we say.

The second thing to say, c'est que our sovereign credit ratings performance is very strong. These ratings to continue to exercise in the manner they are intended. If you look at the retroactive to the default settings of the Government, which we have had a number over the years, particularly in the years since 15 or 20, the odds of doing the work to provide a prospective view of the risk of default.

The President and his economic adviser Austan Goolsbee and Secretary of the Treasury Geithner say there is now a focus on debt and action is in progress.
Well, we will see if this assessment is true.

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Emmy Award-winning journalist Charlie Rose is the host of Charlie Rose, PBS program every night.

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Russia talks to nuclear energy for Japan crisis - AFP

Russia speaks for 2 hours by nuclear energy after Japan crisis(AFP)-

BOAO, China - Russian President Dmitry Medvedev said Friday of the current nuclear crisis in Japan do not prevent, the development of Atomic Energy, in the midst of global concerns about the safety of nuclear installations should.

"In the near future, we will hand over our partner proposals on the development of peaceful nuclear energy taking into account the Japanese tragedy" Medvedev said in a forum on China's southern Hainan Iceland.

"Should not stop disasters, human progress, but they should be used, to the right conclusions." This is the main thing, "said he delegates at the three day gathering in Boao, without elaborating on the nature of the proposals."

The Boao has brought together leaders in Government, to discuss business and science in Asia and other continents each year since 2001 to pressing problems in the region and the rest of the World Forum.

The huge Quake and subsequent tsunami that Northeastern Japan met on 11 March cooling systems knocked out on Fukushima Daiichi nuclear power plant, triggering caused explosions and fires, the radioactive leaks.

The crisis triggered the viability of nuclear energy, and some countries inspections global concern about in their nuclear facilities required.

Members of the Convention which atomic watchdog nuclear safety swore UN on Thursday to take "Prompt" action, apply lessons learned from the Japanese disaster.

Sergei Kiriyenko, the head of which currently accompanied Russia's State nuclear agency Rosatom Medvedev on his journey to China, reiterated this week that Russian nuclear technology was safe.

Armed with nuclear expertise, is Russia on the hunt for lucrative orders for nuclear power plants.

Medvedev also the Forum said that the Japanese nuclear disaster confirmed the need for a mechanism to create that close cooperation between the Asian region, share information and have quick response teams ready.

Copyright ? 2011 AFP. All rights reserved. ?More?

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Gbagbo Minister says in talks on Ivory Coast truce - Reuters

DAKAR | Tue Apr 5, 2011 8:49 am EDT

"I'm in the residence of French Ambassador, negotiate a ceasefire," Alcide Djedje said in an interview on Radio France International was aired.

Asked whether Gbagbo of his departure was being negotiated, he said: "this is a further step, I'm not." We have for the coming hours to wait. I had a mandate for negotiating this stage (a ceasefire). "Now we have to wait."

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Such as budget, get talks hardliners support of tea party

To keep that they would need, in the coming weeks urged additional opportunities as spokesman John A. Boehner Republican in the eye on long-term expenditure to cut, said some members of his caucus, they are willing to accept shutdown if necessary to back up their demand for $61 billion in cuts for the current financial year would be a Government.

"This is quite small," said representative Jeff Flake, Republican of Arizona, expenditure reduction refers to 33 billion dollars, the Vice President Joseph R. Biden Jr. said Wednesday evening the goal was generally agreed by both parties. "This is visible." People see this. "You have have some significant cuts."

In a two-hour-plus tea party rally outside the Capitol hit some members, raising their fists, the songs "cut it or closed," that she would hold.

"It is time to a fight," said one of his party representative Mike Pence, Republican of Indiana, more militant supporters of the smaller government. He added: ' If would play more political Liberals in the Senate and the Government instead of make a small deposit to financial discipline and reform shut down, I say "shut it down.'"?“

Mr. Boehner remained dancing between the Senate Democrats, who have already proven, that the $61 billion passed expenditure cut of Senate and freshmen and other conservative in the House can pressure anyone on him not to give ground. During an eight-minute press conference on Thursday, he said: "There is no agreement." "Nothing is agreed until everything is agreed."

Publicly, press conferences, angry words to the ground and the threat of a shutdown plays off the showdown shown by a hearty mix of political, now.

But behind the scenes, employees and senior law makers in the committees are House of representatives and Senate resources in the preparatory stages to find out exactly how distributed a reduction of $33 billion of federal agencies about the balance of the current financial year would be, ends Sept. 30. Their work will continue, as a provision expect if both voices can conclude a contract and implement a shutdown to avoid government weekly from Friday, when current funding authority.

Even if an agreement is reached and a shutdown averted, that both parties are then moved to the potentially greater fighting to increase the national debt ceiling, cutting spending for the next year and addressing the long-term growth entitlement programs - a theme of the House Budget Committee plans, to put on the front burner in coming weeks.

The immediate question remained however, on whether Mr of Boehner House could bring Republicans together a deal for a reduction of $33 billion. "If this is the number, it isn't good enough," said Jason Chaffetz, Republican of Utah representative.

Outside the Capitol on an afternoon cold, damp tea party activists from across the country warned that they will not accept would cut less than a 100 billion dollars from this year's budget and there could be consequences for those who ignored their demand choice.

Edge of Kentucky said several legislators at the rally, including representative Michele Bachmann, Republican of Minnesota with raucous cheers after her every word and the Republican senators Jim DeMint of South Carolina and Paul.

A reporter from national public radio, that money under a bill passed his Government by the House would lose, trying a protestor interview as a man in blue earmuffs repeatedly shouted behind her: "Cut NPR!" "Cut NPR!" Among the approximately 300 participants and their American flags and homemade poster, demonization of Senator Charles E. Schumer, Democrat of New York, demonstrators were some code pink protest military intervention in Libya, and a young man handing out fliers for tea party activist boot camp sprinkled.

The morning began with the Democratic majority leader Harry Reid of Nevada and Republican minority leader, Mitch McConnell of Kentucky, on the Hill and on the ground, to make their case on the budget battle.

"Not a single child, not a single student, individual teachers, no individual nurse, no single police officers, no single senior led us into this recession," said Mr. Reid, the majority of the cuts the federal spending by the House is offered. "Not a, and innocent bystanders to punish will lead us to a recovery." "We speak on and continue to work to find a middle way."

Mr. McConnell said that the tea party activists at the Capitol collect sent a powerful message to Washington. "These people are not radical," he said, adding, "these are the everyday men and women who love their country and want to reduce it you will find under."

Senate Republicans amendment roles that would require including a two-thirds majority of both houses for any bill that raises to increase taxes and three-fifths vote by both houses, the debt limit also began of a balanced budget.

While the focus is now on the spending plan, to get through the rest of the year, it will have been working next week the Republican plan for the year 2012, which members say to him large cuts of federal spending and entitlement programs offer pivot particularly Medicaid.

This article was revised and according to the following correction:

Correction: 1 April 2011

An earlier version of this article incorrectly identified the State representatives Jason Chaffetz originates from the. He is from Utah, not Iowa.

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