a tough time catching it, he's going to come out on top. i thought he taught himself something with that one at bat tonight tonight, but he should look back, throwing his second and third best pitch in situations that really didn't pay off. i think things are going to slowly start to change in his favor, because he has given them the kind of games that keep the team in the ballpark. >> tough loss for tillman and the orioles. time now to look at the at&t player of the game. turns out to be brian roberts, with 84% of the vote, followed by scott baker with 11. casilla comes in with 5. the at&t player of the game brian roberts. orioles lose to the twins 2-1. we'll be back in just a moment.

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wall. aubrey will be sent by sam we will. and the orioles have a 1-0 lead. >> brian robbers is a doubles machine. 269 doubles since 2004, followed by jimmy rollins at .235. michael young, .233. 48 cubs this season for bribe roberts. he has a shot for 60, maybe more than 60. gardener in played second base for the oriolest when i was a kid. my led the american league in doubles with 36. that was for an entire season in 1957. >> a lot diplomat playing conditions back then. you didn't have the astroturf, the tighter round baseball, the hitter friendly ballparks. that might account for a few extra doubles, but brian roberts, if this were only one year we were seeing him push the 50 doubles, i would say he's not the best double hitters i've ever southeastern, but brian roberts has been doing it for a long time. there's no doubt in my mind he's one of the best doubles

hitters in the game. he has a big man swing. if he was 20 pounds nervier, we would be looking at 40 home runs already this year. and he never bunts, never draws the infield in on him. just a fewer solid contact hitter. >> no doubt about it. brian roberts does the job. talking about a great defensive game. this was. the orioles and the twinning tonight, and mora turned in three great plays. >> well, melvin can turn it on. especially when you hit balls to his right. he can make some great plays. look at this shot right here. a back handed 360 move. he actually uses the turf to his benefit. let's watch it again. he's going to bounce this paul so he makes sure that the first buysman get this best hop. uses the turf in his favor. perfectly again, unbelievably good play. we are going to get a chance to see it again. very nice the way he uses that.

melvin, good job on tonight's defense. >> being a soccer player, i think it gives him a lot of agility, right? >> it does. he never ceases to amaze me at how much range he'll show you, eve at the age he is right now. >> i think you could say he might be the send best third baseman the orioles have ever had next to problems. >> well, that's right. he has made some unbelievable great plays. brooks is the best every, but melvin mora is pretty darn good. >> now, the twins also had some great defensive plays tonight. one of them almost ended up in the seats with span. >> oh, span got a great jump on a ball down the left filed line, and watch how fast he goes for this ball. even though he's getting close to that bullpen, never braves stride. he catches it right into that little bullpen area that they have right there. he bangs against the wall. sits down, says you guys have a drink for me over here. >> ? watch this play here by

casilla. he manages to get felix pie on this play. he has to really get up very quick, and throw a bullet to first base to get him. he manages to do that. felix pie, i don't know why he was beginning to round the bag at first base. it took a half a stride away from him. he had to slow up to do that. i can't figure it out. that's why steps i say i don't know if pie is totally in the game all the time. me has a lot of talent and a lot of fun to watch, but he does some things that are a little bit weird at times. >> one thing is for sure, if you like defense, there was a lot of plays tonight that were complimentary to both clubs. no doubt about that. scott baker worked seven strong inning foss are the minnesota twins. >> well, baker mixed all of his pitches well. he kept the ball down the the zone most of the night. he has that good running fastball. has a little slip it to somehow. this one was really the only bad pitch that he made all night long. other than that, he stayed on the corners, stayed out of the middle of the plate. he kept the ball down in situations that he had to.

lock attie braving ball right there. no chance for nolan reimold to hit that pump right there. that's that good running fastball i was talking about. i don't know about this one. don't touch the back of your hid unless you're going to adjust your hat right there. i i don't know, i might have to check a little closer the next time i face that young man. >> that's interesting, you did pick up on that. he struck out five, walked one, and gave up one run in the or yeahs loss to the minnesota twins. let's go back down to the metrodome where mark is talking with matt wieters. >> reporter: that's the position you want to be in, right with the winning run on base. >> that's right. wile just try to get it next time. >> mark: you hit a ball real hard with a runner on. you slapped your hands there. were you just mad you couldn't get that runner home? >> it was just one of those you hit hard, and anytime you hit a ball hard, you're going to be happy, but it would have been

nice to sort of get that one up a little bit, and get tillman off the hook, because he threw a heck of game for us today. i haven't chris got some help from some double-plays, and walked off filed with just one run. what did you think of him? >> i thought he did a great job. he was down in the zone and locates well. he was able to work all three pitches today, and he got some tough goes out in tough situations. anytime you can get double- plays and limit his pitch count, that's going to help the long run. he just had a change-up. it should have been blocked. but we just couldn't score enough runs today. >> matt wieters talking with mark viviano in the orioles clubhouse. are the series,s wednesday

evening. birds back to face cleveland then. and there's a game on sunday afternoon. if you can't watch masn, don't forget, join the fan for complete radio play-by-play covering all season long. we'll be back to talk more on the minnesota twins. twins win 2-1 over the orioles.

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the red sox game against the white sox. mike low until the bottom half of the third inning wait three- run homer to left field. it's his 16th of the season. 7-4 advantage for the red sox. top of the 5th. cooer in co goes deep. three-run shot to left field. 9-7 boston. for cooer in co, his 23rd home run this season. moving to the top half of the 7th inning. 9-7 boston. quinton flies out to right field to end the threat. the red sox hold the lead, and boston goes on to beat the white sox 12-8. j.d.

drew hit a solo home run. boston 12, the white sox 8. now in the tampa bay toronto game. bottom half of the second inning. barajas hits a grand slam home run to center field. his 12th home run this season. 4-3 blue jays in the bottom half of the second inning. pena hits a two-run homer in the top of the 5th. he has 35 singles, and 35 home runs. 8-6 rays. top of the 9th. greg zahn, single to shallow left field scores two. 12-7 rays. ray have won 7 of their last 9 ball games. halladay got roughed up, 8 runs in 6 innings. he is now 13-7 for the season. the tigers lead the angels 1-0. game in the top half of the 4th

inning. cabrera with an rbi double. checking the wildcard standings. red sox up over the texas ranger. tampa bay is in third place. and then seattle and the white sox are showing a great deal more distance than everybody else. so looks like boston, texas, and tampa are the mainton tenders for the american league wildcard. when we come back, we'll talk more about tomorrow. 's pitchers next.

bounce our towards third. mora has it. long throw across. he got him! melvin mora with another fine play, an outstanding throw! >> the orioles wound up losing to the twins tonight 2-1. rick, when you look at chris ray, pitches an inning and a third. lowered his earned run average. he's suddenly getting a lot of guys out. >> he is. you see a lot of life and

movement on his fastball. his sinker is working so good right now, and it's a nice,ing into delivery. his strength has finally come back to his arm, and i think that's what we're seeing now, is that he's made the proper adjustment that he needs to make. got away from that real violent delivery. so now he's a lot smoother, a lot more under control. out in front. balls coming off his fingertips with a lot of life, and he's getting a lot of that sink that you get when you get a lot of ground balls. he's back to, he was when he was relieving as the closer. it takes a long time to recover, a lot of guys are different. some of them are just a year, some a year and a half, but chris ray is back, that's the good thing about it. >> how about chris tillman? back to the orioles club 0 house, mark with chris now. >> mark: well, chris, walked off the mound having given up one run, just your thoughts on the effort overall and how you did. >> oh, i thought it was okay. still confused about what happened that last inning.

it was such a blur. felt i made pitches when i had to, and they took some guide swings when they had to, came out on top tonight. >> you say confused, just about your effort, or what happened? >> well around, that whole last inning just kind of came at me real fast. that's part of the learning curve, being able to slow that down and stay with my game, but they came out on top tonight. >> brian mattis pitches against gambino. matt is just starting to get into a groove. >> he is. he gave up four earned runs against the tampa bay rays, but he kept himself in the ball game, the ball club scored him some runs, so he picked up that second win of the season. heat back to .500 again, and he really started doing better in the second half. i'm looking forward to him

being out there again against this minnesota club. >> masusz seems like he's gaining more confidence with i've passing assignment. >> he's going to be a good one, now doubt about that. just has to get his feet wet. >> minnesota beating the orioles tonight. thank you for watching masn. hey i'm worried about mrs. lowenberg next door.

why? i don't know she's wandering around the lobby, yammering about fios tv, internet and phone all for $79.99 a month. she seems crazy.

actually, fios customers get that price for six months. it's like getting three services for the price of two. so am i the one that's crazy? no? (announcer) get fios tv, internet and phone for just $79.99 a month, plus a free dvr for 3 months. call the verizon center for customers with disabilities at 800.974.6006 tty/v 26 career with four rbis, first time he did it since september 2007. tribe wins this one 7-5. cleveland has now won eight of its last 11 against kansas city. royals continue to struggle. they have lost five straight and eight of 10. >> michael beasley checked into a houston rehab center last week. he's being treated for various issues including depression. his manager told the associated press he's not really sure what's going on.

at this point it's unclear how long beasley will stay at the rehab center. on his twitter page on friday beasley had this to say. why die feel like the whole world is against me? i can't win for losing. he also posted this. feeling like it's not worth linin! i'm done. his twitter account has since been closed. his father twisted what michael jr. is going through is just a bump on the road we call life. please pray for him, he needs it. >> brett favre made his vikings debut last week. he played two series throwing for just four yards. he'll have a chance to surpass those stats. brad childress is happy with his progress. >> he's doing everything needs to do to get up to speed. as are our guys. i'm confident we've got time and distance to be able to do that. i think you just have to be careful particularly when you're just starting at the phase

you're just starting, that there is not too many throws. pitch counts, i'm not a great baseball guy but when guys come back it's not like they break them off, you know. so it's more managing. i'm not going to put a number on that for you. >> the edge still thinks he has something left in the tank. at least the seahawks are hoping that's the case. 31-year-old edgerrin james has agreed to terms with seattle. the nfl network says it's a one-year deal worth $2 million. >> helping you to stay current on espnews, super philly rachel alexandra will run next week in the stakes at saratoga. it was announced on monday that jonathan crompton will be the vols starting quarterback and super man himself, tim tebow, back at practice on monday. he missed some reps last week because of a sore lower back.

>> more baseball for you. nationals trying for a split in their four-game set with the brewers. brewers down 1-0. ryan in left field. two-run shot for him. his 27th. fifth home run in the last 11 games. later in the frame, up the middle it goes, milwaukee actually sent 11 batters to the plate in a six-run sixth inning. moving to the eighth inning. garrett to right field, his first home run with the brewers. gallardo 2-0 against the nationals. struck out 1 1 1 1n 12 innings. washington has lost six out of their last seven and is guaranteed not to have waning record on the year. the loss isis their 81st of the season. >> let's update you right now on the mariners and the a's. the only run in this game, courtesy of jose lopez.

over his last four games, he's hitting over .700. three home runs and six rbis. the guy was batting .162 in his previous 24 games. >> mark sanchez gets blinded by the light on monday night. jets rookie making his first pre-season start. we'll show you how he did. >> and the giants trying to get a game back from the rockies in a game back from the rockies in the nl wild cardimoch) hops are the soul of samuel adams. (bob cannon) hops add a spicy, citrus flavor to sam adams. (jim koch) the best hops have en grown on family farms like stanglmair's for centuries. it has unique conditions of soil, moisture and sunlight. (bob cannon) boston lager-- the proof is in the taste.

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i'll be honest with you... that whole et favre thing was really hard to keep track of. so we had to come up with a system. you're sure? he's coming back! he's coming back. he's coming back. he's coming back. he's coming back. so is it one if retired... two if un-retired? i think it's the other way around.

that makes sense. >> matthew berry here from espn.com fantasy. another week and pre-season action. a few things jumped out at me. first-off, d angelo williams continues to look great while jonathan stewart continues to look banged up. you have to move him up in your ranking. i have him now in my top five. looking for a deep sleeper running back. how about glen coffee. a must own. looking great, 129 yards on 16 carries. he can figure in the mix with the 49ers. another back-up running back with even less competition in front of him is cleveland's

james davis. the 12 carries for 116 yards including an 81-yard touchdown run. wide receiver troy williamson had a huge game for the jaguars. part of the reason, david gerrard had 216 yards and a touchdown. i love gerrard. finally, jabar gaffney, 55 yards. marshall's future is cloudy. play fantasy football for free only on espn.com. >> thursday at noon eastern here on espnews, the u.s. open draw show. we hear from patrick mcen row and mary jo fernandez. special guests including roger federer and serena williams. >> on tuesday, some of baseball's best pitchers are in action, games that will affect

playoff races. boston, texas and tampa bay separated by just three games in the a.l. wild card race. top stories straight ahead. the a.l. wild card, and an update on the n.l. wild card. >> coming up on espnews, san francisco is trying to close the gap with the rockies in the wild card standings. find out how they are inching closer to colorado. >> we're used to seeing mark sanchez surrounded by the glitz and glamour of hollywood. see how the bright lights of broadway were too much for the rookie to handle. and speaking of quarterbacks, why the sandy beaches of san diego aren't the only reasons why philip rivers is enjoying life as a member of the chargers.

>> keeping you current with the latest news, scores and highlights. this is espnews, available in high-definition. along with anish, slroff, rockies keeping rolling out wins. we've got to give them a cool nickname. >> the '69 mets were amazing. '79 pirates were family. the 2009 rockies have branded themselves as sick. that's the urban dictionary definition. they have been sick since they fired their coach. >> the way the kids are using the term. >> got to look it up if you don't believe me. they have had the best record in baseball since hurdle was replaced. an important game against the giants. in the bottom of the ninth. 1-1, colorado with two on and one out. dexter fouler at the dish. leading the giants by three in the n.l. wild card chase. >> let's get you updated on the

tigers and angels. detroit is still on top thanks to cabrera. an rbi double. got three straight games with the rbi and he's on a nine-game hitting streak. we'll keep you updated on this one. >> mark sanchez's coat of arms similar pre-- is impressive. no wonder the team views its rookie quarterback as the man who will be king. but until sanchez actually claims his throne he's still prince of wales. monday night against the ravens, sanchez had an opportunity. the rookie making his first pre-season start. the head coach said he would like to name starting quarterback before the next game. >> it will be physical. somebody will get hit and they may not like it. >> first pass of the night, sanchez looked more like the duke of york than the prince of wales. picked off, and the d lineman runs it back 25 yards for a score. ravens up 7-0.

first start, first impression. >> he's got a smile, right? >> try it again. >> ray lewis, he's used to that. sanchez looking for a bit of a reprieve. oh, boy. >> yeah, that was the next jets possession, excuse me. sanchez nearly picked off by ray-ray. >> you know that sally sells sea shells at the seashore. >> peter picks pumpkins. i forget how the that one goes. >> peter piper picked a bag of pumpkins. >> sanchez would recover and sanchez, at least he ends on a strong note. >> his last drive finds leon washington for the score. sanchez, 3-8, 43 yards, a touchdown and interception. good news, bad news for sanchez. the quarterback he's competing with, he's 5-10, 60 yards, a touchdown and an interception.

clemens' interception returned by former syracuse standout mcclain for a score. jets would lose this one 24-23. mark sanchez afterwards. >> not exactly the way you want to start. i thought i was doing the right thing. he makes a good play on the ball. would come back. i guess that's the way you want to respond, come back and throw a touchdown pass. >> our speed is totally different when we step on the field. we gave sanchez a lot of different looks. rex is the coordinator over there, they gave us a lot of different things. tackle, some linemen go out, come back in, reverse, different things, they tried to give us a lot of different looks. overall as a defense i think we played great. >> peter piper picked a -- of pickles. >> mark sanchez battling clemens as we told you. rex ryan wanted to make the decision on who would be the starting quarterback before the

jets' next pre-season game. so far, through two games, san c chez has thrown for more yards. clemens, a better completion percentage. >> 2004, quarterback, doing all right. first it was big bend. then it was eli, now it's philip rivers. the chargers quarterback according to espn.com has agreed to an extension worth $92. $39 million is guaranteed. roethlisberger has won two super bowls. ely manning super bowl mvp. philip rivers hasn't been to the big game. rivers, who has a lower career interception rate than the other two, gets a contract that puts him in the same salary range as a super bowl winning quarterback drafted the same year. >> for the first time in his eight-year career, shaun hill will be an opening day starting quarterback. hill beat out alex smith for the niners starting quarterback job. yes, an undrafted free agent

beats out a former number one overall pick. hill has only 10 career starts under his belt but he's 7-3 as a starter. since 2007, both hill and smith have started games for the 49ers. hill has clearly produced the better results. san francisco opens the season against defending nfc champion arizona. >> find out how a cocktail at an airport bar got michael vick in trouble with his adviser tony dungy. >> in an exclusive interview, plaxico buff plaxico burr ras talks about what happened when he went into a nightclub. >> i said i think i just shot myself. >> and cliff lee gives the city >> and cliff lee gives the city of brotherly love yet anotheran: welcome to the now network. currently, thousands of people are enjoying the new palm pre from sprint. its revolutionary web os allows multiple applications to run at the same time. - ( thunder and rain ) - millions are using the simply everything plan.

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. >> a great win as he takes on the mets. a 1.09 e.r.a. since the all-star break. ryan howard, first inning for him, to left field. it's his 33rd of the season. philadelphia on top 3. so halladay, not done. his 21st multi home run game of his career. his fourth this season and the phillies have themselves a 5-2 lead. heading to the bottom of the sixth, we showed you cliff lee. boy, he was dealing. castillo, take a seat. lee did not allow an earned run in seven innings lowering his

e.r.a. with the phillies to responsibility 68 in five outings since being acquired in a trade with cleveland. charlie emmanuel said after the game he makes us real good. i would say so. cliff lee doing something we haven't seen since '81, when people were rocking out with fernando mania. he's given up just three earned runs in those five starts. lee is the seventh pitcher in major league history to win each of his first five starts for a team with an e.r.a. under one. more injury news for the mets. it looks like santana is going under the knife to deal with a left elbow injury. according to mlb.com jeff francoeur says he believes santa will require surgery after speaking with him on monday. >> how about the sox, white sox, red sox, can't stop thinking about sox. ortiz, a little scribble. watch jose contreras, oh, yeah! that scores one run.

inning would have been over had contreras made the play. red sox down 4-2. now they have tied it at 4-4. mike lowell with a three-run shot. part of a six-run third inning. contreras gave up seven runs, only one earned. j.d. -- their offense exploded, they have won five of their last seven games. the sox lead the american league in the wild card chase, they have now won 12 out of their last 15 against the red sox. >> tampa visiting toronto. barajas, bags full, who is bringing the groceries home. his 12th of the year. second career grand slam. 4-3 jays. we think that's enough for roy halladay, facing tampa for the fifth time this season but he

didn't have it. a two-run shot off the bat of carlos pena. his fourth homer in as many games. 35 in the season leading the a.l. 12 hits, seven earned runs. top of the seventh inning, his 23rd of the season, zobrist. tampa wins 12-7 the rays have woman 7-9. halladay now just 1-3 against the rays. crawford left the game with the sore back. plaxico burress went from being one of the best wide receivers in the nfl to convicted felon. the former giant will spend two years in jail thanks to a plea deal on weapons charges. his sentencing is scheduled for september 22 but in an exclusive interview, former wide receiver gave his dramatic memories of the night he walked into a new york city nightclub with a gun.

>> we go into a nightclub and i had my weapon with me. and, you know, it wasn't like i was trying to hide it. i go into this place and go through the security. they know i have it. they pat me down and they said okay. and they let me in with it. so -- >> security at the latin quarter patted you down, fit the gun, you produced it, and they said go right in? >> walk through the metal detector and let me in. i'm maybe there for maybe five minutes. and it's getting so crowded, everybody is coming over, hi, how are you? they said, we'll take you upstairs so you can relax and nobody will bother you. and i'm walking up the stairs and i miss a step, and so my gun like slides down my pants. so it's getting ready to hit the ground, and i don't want to it

hit the ground, so when it slides down my jeans, you know, i go to stop from it hitting the ground. and i don't think you could do it a million times, through your pants, you could try to stop it from hitting the ground, and my finger like hit right on the trigger. it's like, what are the odds of that happening? and it's like, when it happened, i don't even realize that, you know, i'm shot. i'm like, i take two or three steps and i'm like, my pants were like wet. i had on some chuck taylors and i looked down and they were like red. >> i look at a.p. -- >> antonio pierce? >> i was like, take me to the hospital. i've been shot. >> no one heard the shot in the club? >> nobody. he takes me to the hospital. i said, i think i just shot myself. and he was like no? i was like, look and he looked at my shoe and he was like, he

took me to the hospital. >> how long have you been in the latin quarter when the gun went off? >> maybe five minutes. >> five minutes. some of the stories were nobody knew it, because we haven't heard from you before, but there were reports that said you were in the vip room when it happened? >> i never even made it up to the vip room. >> you were walking up the stairs. walking up the stairs. >> there were reports that you were wearing sweatpants. >>, no i was wearing some black jeans. i had on a sweatshirt. >> why didn't have you a holster? >> bad judgment. >> you can watch the burress interview in its entirety on e:60 tuesday night on espn. tony dungy scolded michael vick. he was upset that he was seen drinking pineapple juice and vodka. he said he can't give the media or public any ammunition to suggest that he isn't doing

everything he can to devote himself totally to football. what happens in delaware stays in delaware. it doesn't have the same ring as vegas. the state of delaware would love nothing more than to be like sin city when it comes to sports betting. it doesn't look like it will happen. a federal appeals court has ruled that a plan to offer sports betting in delaware would violate a federal ban. that's good news to others who oppose the state. the state was claiming it was exempt from the federal ban because it ran a sports lottery in 1976. a three-judge panel disagreed. >> still to come, brett favre didn't have a memorable vikings debut. why number four will have an opportunity to blow his game stats out of the water. >> and miami's michael beasley checked into a rehab faci (announcer) don't go unnoticed don't blend in don't be ordinary, boring or bland

in other words don't be so mayo we are our unique one of a kind flavor we are miracle whip and we will not tone it down i know. this is sausage! (men in background) let's go! dude this place is a sausage fest. alright you guys go get a cab excuse me; can i get five pounds of kielbasa? hey, you guys made it! oh look they brought food! (announcer) there are captains in every crew. calling all captains. drink responsibly. monday. the longest day of the week. which gives you time to reflect on your unfortunate job history. he looks like a villain from a soap opera. boss: (clears throat)

but with monday comes monday night football on espn. which is the closest you'll ever get to your dream job... what? i cut the sleeves off because it looks awesome... get your head in the game! so keep that day job. because on monday nights, football does all the work.

>> let's get you caught up on the a's and the mariners. 3-0 is the count and ken griffey jr. the reason why they are on top. it's his 325th career home run. he piled them up as maybe of the mariners. number 412 in a seattle uniform. jose lopez, another solo shot earlier in the game. that came in the third. three home runs in his last

five. twins starting a home stand series against the orioles. bottom of the ninth, twins up 2-1. two men down. joe nathan trying to close it out. a full count, draws the walk. next batter, nolan, takes the free pass. next batter, full count. take a seat. nathan, 32nd save in 36 chances. scott baker, pips his heart out. 10-1 in his last 16 starts. at one point he retired 10 consecutive batters. >> indians visiting the royals. pick this one up in the fourth inning. travis hafner, green light on 3-0 and that's 403 feet. hafner's 13th of the season. 3 for five with four rbis. in the eighth, valbuena, came in in the eighth inning, doesn't usually do that he blows his third save of the season, the

indians win 7-5, hafner gets his first four rbi game since september of 2007. tribe has won eight out of its last 11 against the royals. >> michael beasley checked into a houston rehab center last week. he's being treated for various issues including depression. his manager told the associated press he's not really sure what's going on. at this point it's unclear how long beasley will stay at the rehab center. on his twitter page on friday, beasley had this to say. >> why die feel like the whole world is against me? i can't win for losing. feel like it's not worth living. i'm done. his twitter account has since been closed. beasley father twisted, what michael jr. is going through is

just a bump on the road. pray for him, he need it. >> brett favre make his vikings debut last week. played two series threw for just four yards. he'll have a chance to surpass those stats. he'll play the entire first half in the next game. brad childress is happy with his progress. >> he's doing everything he need to do to get up to speed. as are our guys, and, you know, i'm confident that we've got time and distance to be able to do that. i think you just have to be careful, particularly when you're just starting at the phase you're just starting. that there is not too many throws. pitch count, i guess, i'm not a great baseball guy, but, you know, when guys come back it's not like they break them off, you know. so it's more managing and i'm not going to put a number on that for you. >> the edge still thinks he's got something left in the tank. seattle, they are hoping that's the case. 31-year-old edgerrin james has

agreed to terms with the seahawks. the nfl network says it's a one-year deal worth $2 million. >> little league world series, unbeaten warner robins, georgia, facing mercer island, washington, cortez on the mound. trying to closed it out for georgia. man on first, later in the inning, on second, the wild pitch. so man at third with two outs. settle it down, young fellow. he does. comes back to strike out brandon. georgia wins 3-2. staten island, new york, taking on iowa. the first meeting of the two teams in the little league world series. bottom of the fourth, iowa down 2-0. michael strikes out robert. four shutout innings, angelo, home run to dead center. 5-0 new york. top of the sixth inning, vincent

quin, how are you doing? new york wins 8-3. they advance to the first u.s. semifinals since harlem in 2002. >> soccer, liverpool taking on villa. 34th minute, scoreless here. lucas, into the back of the net. villa up 1-0. 72nd minute, liverpool down 2-0. fernando torres scores, down by one. 47eth minute. ashley young stepping up, making the goal. a villa win it 3-1, final score. >> keeping you current here on espnews, super filly rachel alexandra will run. it was announced on monday that crompton will be the vols starting quarterback and tim

tebow returned to practice on monday. missed a few reps last week because of a sore lower back. up ahead on espnews, our top stories, mark sanchez, blinded by the light on monday night. how he did in his first pre-season start. and see if the giants could how's the downturn affecting typical tuesday night dinner? what are you having for dinner tonight? it's tuesday, tuscani chicken alfredo, of course. let's cut. lasagna?

next house. what are you having for-- here it is. not you again. (announcer) of course you can have pasta any day. thanks to pizza hut's tuscani pasta. over 3-pounds of pasta, starting at just $12.99 with breadsticks. it just might be the best value in america. it's my favorite pasta! (announcer) pizza hut. america's favorite for pizza, pasta, and wings.

>> matthew berry here from espn.com. a few things jumped out at me. first-off, deangelo williams continues to look great while jonathan stewart continues to look banged up. you have to move deangelo up in your ranking. i now have him in my top five. looking for a deep sleeper. how about glen coffee. he's a must own for anyone. 129 yard on 16 carries. he could figure in the mix for the 49ers. another back-up running back with even less competition in front of him is cleveland's james davis. 12 carries for 116 yards including an 81-yard touchdown run. wide receiver now troy williamson had a huge game for the jaguars. part of the reason david gerrard had 216 yards and a touchdown.

i love gerrard. finally, jabar gaffney, five receptions for 55 yards. gaffney played for daniels in new england last year. play fantasy football for free only on espn.com. nates playing for a split. top of the sixth inning, brewers down one. no longer. ryan's fifth home run in the last 11 games. number 27 on the season. bases loaded, up the middle. milwaukee sent 11 batters to the plate in a six-run sixth inning. fast forward to the eighth inning. three rbis, a season high for him and milwaukee an easy winner. you can also thank gallardo 2-0 against the nates on the year. striking out 19 batters in 12

innings. impressive. washington has now lost six out of their last seven and is guaranteed not to have waning record on the year as the loss is their 81st of the season. top stories straight ahead including what's going on in the big n.l. wild card race. >> coming up on espnews, san francisco is trying to close the gap with the rockies in the wild card standing. find out what's happening in an absolute dog fight. we're used to seeing mark sanchez surrounded by the glitz and glamour of hollywood. it seemed like the bright lights of hollywood were too much for the rookie to handle. speaking of quarterbacks, why the sun and beach at san diego aren't the only reason why philip rivers is enjoying life as a member of the chargers.

>> keeping you current with the latest news, scores and heights. this is espnews, available in high-definition. along with anish shroff. >> '69 mets were amazing. in 2004, the red sox were idiots. the 2009 rockies have branded themselves as sick. the urban dictionary definition, that is. >> the kids are using the term now. >> they have been sick since tracy took over. the rocks have the major's best record, three-game lead over the giants. in the wild card, this game all tied up at 11. tied up at 1-1, in the 11th. tim lipscomb pinch running for san francisco. it's gotten that point. a great outing by jayson marquis and barry zito. neither will factor in the

decision. 1-1 game, top of the 11th. highlights of this game when it goes final. >> two division leaders going head-to-head as the tigers and angels, miguel cabrera flying the offense. an rbi double in the first, a two-run shot in the fifth inning. second straight game with a home run. nine-game hitting streak going. justin ver lanner is dealing. this guy has a 2.7 e.r.a. in his last eight starts. just 4-3, though, during that span. not a lot of offense for him. team averaging just 2.4 runs during that stretch. >> mark sanchez's coat of arms is impressive. usc pedigree and madison avenue appeal. no wonder the team view's their rook team quarterback as the man who will be team but until he claims his throne he's still prince of wales. monday night against the ravens the jets rookie had an opportunity. sanchez making his first pre-season start. rex ryan against the team that he coached for last year.

ray lewis fired up. >> we'll be physical. somebody is going to get hit. and they may not like it. >> that somebody will be mark sanchez. on his first throw, here comes ray lewis. sanchez throws it away and the big d lineman runs it back 25 yards for a score. sanchez looking more like duke of york than prince of wales. take another look. welcome to "monday night football." >> can you imagine getting hit by him? >> i would imagine it might sting just a bit. >> next jets possession, sanchez nearly picked off by ray lewis. a lot riding on this. rex ryan said he wants to name a starting quarterback ideally before the next pre-season game, which will be the team's third. second quarter, sanchez, hands off to leon washington, the fumble. sanchez falls on it. the jets would recover and keep the ball. later on in the drive, sanchez trying to salvage anything from

his performance. finds washington here for the score. sanchez three of eight, 43 yards, a touchdown and an interception. he's competing with clemens for the starting quarterback job for the jets. clemens, five for 10, 60 yards, a touchdown and a pick. clemens picked off by mcclain who ran it back for a touchdown. jets fall to 0-2 this pre-season. here's mark sanchez. >> it's not exactly the way you want to start. i thought i was doing the right thing, and so it he makes a good -- he makes a good play on the ball. i guess that's the way you want to respond. come back and throw a touchdown pass. >> it's a different thing to try to coach against us. our speed is totally different on the field and we gave sanchez a lot of different looks, but rex being the coordinator over there and head koch they gave us a lot of different things. tackle, lineman would come back in and give us the reverse.

>> you said you would like to make the decision going into your third pre-season game against the giants on saturday. how likely is it that you can at this point? >> we'll see. we'll have a staff meeting and we'll see where we go from here. but i'm not ready to make that on national television right now. >> thank you, coach. >> you're welcome. >> tell the tape. that quarterback battle. sanchez against clemens through two games. sanchez has thrown for more yards, has a slightly higher passing rating. clemens has been more accurate. >> the quarterbacks from 2004 are doing all right. first it was big bend. then eli, now philip rivers. the chargers quarterback according to espn.com's has agreed to an extension worth $92. $39 million is guaranteed. ben roethlisberger, he's won two super bowls. eli manning, a super bowl mvp. philip rivers hasn't been to the big game but he's been to the playoffs every year since he

took over as the starting quarterback. gets a contract that puts him in the same salary range as a super bowl winning quarterback drafted the same year. >> how about this undrafted free agent beats out a former number one overall pick for the niners starting quarterback gig. shaun hill beat out alex smith for the job. hill will be an opening day starting quarterback for the first time in his eight-year career. he only has 10 career starts under his belt. but he's 7-3 as a starter. since 2007, both hill and smith have started games at quarterback for the niners. hill has clearly produced the better results. san francisco opens this season against defending nfc champ arizona. >> up ahead on espnews, find out how a cocktail at an airport bar got michael vick in trouble with his adviser tony dungy. >> in an exclusive interview, plaxico burress talks about what happened the night he brought a

gun into a manhattan night club. >> i said take me to the hospital. he was like why? i said, i think i just shot myself. >> cliff lee gives the city of brotherly love yet another reason to estruck

. >> a great win as he takes on the mets. a 1.09 e.r.a. since the all-star break. ryan howard, first inning for him, to left field. it's his 33rd of the season. philadelphia on top 3. so halladay, not done. his 21st multi home run game of

his career. his fourth this season and the phillies have themselves a 5-2 lead. heading to the bottom of the sixth, we showed you cliff lee. boy, he was dealing. castillo, take a seat. lee did not allow an earned run in seven innings lowering his e.r.a. with the phillies to responsibility 68 in five outings since being acquired in a trade with cleveland. charlie emmanuel said after the game he makes us real good. i would say so. cliff lee doing something we haven't seen since '81, when people were rocking out with fernando mania. he's given up just three earned runs in those five starts. lee is the seventh pitcher in major league history to win each of his first five starts for a team with an e.r.a. under one. more injury news for the mets. it looks like santana is going under the knife to deal with a left elbow injury. according to mlb.com jeff francoeur says he believes santa

will require surgery after speaking with him on monday. >> how about the sox, white sox, red sox, can't stop thinking about sox. ortiz, a little scribble. watch jose contreras, oh, yeah! that scores one run. inning would have been over had contreras made the play. red sox down 4-2. now they have tied it at 4-4. mike lowell with a three-run shot. part of a six-run third inning. contreras gave up seven runs, only one earned. j.d. -- their offense exploded, they have won five of their last seven games. the sox lead the american league in the wild card chase, they have now won 12 out of their last 15 against the red sox.

>> tampa visiting toronto. barajas, bags full, who is bringing the groceries home. his 12th of the year. second career grand slam. 4-3 jays. we think that's enough for roy halladay, facing tampa for the fifth time this season but he didn't have it. a two-run shot off the bat of carlos pena. his fourth homer in as many games. 35 in the season leading the a.l. 12 hits, seven earned runs. top of the seventh inning, his 23rd of the season, zobrist. tampa wins 12-7 the rays have woman 7-9. halladay now just 1-3 against the rays. crawford left the game with the sore back. plaxico burress went from being one of the best wide receivers in the nfl to convicted felon. the former giant will spend two years in jail thanks to a plea deal on weapons charges. his sentencing is scheduled for

september 22 but in an exclusive interview, former wide receiver gave his dramatic memories of the night he walked into a new york city nightclub with a gun. >> we go into a nightclub and i had my weapon with me. and, you know, it wasn't like i was trying to hide it. i go into this place and go through the security. they know i have it. they pat me down and they said okay. and they let me in with it. so -- >> security at the latin quarter patted you down, fit the gun, you produced it, and they said go right in? >> walk through the metal detector and let me in. i'm maybe there for maybe five minutes. and it's getting so crowded, everybody is coming over, hi, how are you?

they said, we'll take you upstairs so you can relax and nobody will bother you. and i'm walking up the stairs and i miss a step, and so my gun like slides down my pants. so it's getting ready to hit the ground, and i don't want to it hit the ground, so when it slides down my jeans, you know, i go to stop from it hitting the ground. and i don't think you could do it a million times, through your pants, you could try to stop it from hitting the ground, and my finger like hit right on the trigger. it's like, what are the odds of that happening? and it's like, when it happened, i don't even realize that, you know, i'm shot. i'm like, i take two or three steps and i'm like, my pants were like wet. i had on some chuck taylors and i looked down and they were like red. >> i look at a.p. -- >> antonio pierce? >> i was like, take me to the

hospital. i've been shot. >> no one heard the shot in the club? >> nobody. he takes me to the hospital. i said, i think i just shot myself. and he was like no? i was like, look and he looked at my shoe and he was like, he took me to the hospital. >> how long have you been in the latin quarter when the gun went off? >> maybe five minutes. >> five minutes. some of the stories were nobody knew it, because we haven't heard from you before, but there were reports that said you were in the vip room when it happened? >> i never even made it up to the vip room. >> you were walking up the stairs. walking up the stairs. >> there were reports that you were wearing sweatpants. >>, no i was wearing some black jeans. i had on a sweatshirt. >> why didn't have you a holster? >> bad judgment. >> you can watch the burress interview in its entirety on e:60 tuesday night on espn.

tony dungy scolded michael vick. he was upset that he was seen drinking pineapple juice and vodka. he said he can't give the media or public any ammunition to suggest that he isn't doing everything he can to devote himself totally to football. what happens in delaware stays in delaware. it doesn't have the same ring as vegas. the state of delaware would love nothing more than to be like sin city when it comes to sports betting. it doesn't look like it will happen. a federal appeals court has ruled that a plan to offer sports betting in delaware would violate a federal ban. that's good news to others who oppose the state. the state was claiming it was exempt from the federal ban because it ran a sports lottery in 1976. a three-judge panel disagreed. dn't have a memorable vikings debut. why number four will have an opportunity to blow his game stats out of the water. >> and miami's michael beasley

checked into a how's the downturn affecting typical tuesday night dinner? what are you having for dinner tonight? it's tuesday, tuscani chicken alfredo, of course. let's cut. lasagna? next house. what are you having for-- here it is. not you again. (announcer) of course you can have pasta any day. thanks to pizza hut's tuscani pasta. over 3-pounds of pasta, starting at just $12.99 with breadsticks. it just might be the best value in america. it's my favorite pasta! (announcer) pizza hut. america's favorite for pizza, pasta, and wings.

m>> back here on espnews, the twins starting a nine-game home stand in a series against the orioles. bottom of the ninth, twins up 2-1. trying to close it out. the next batter, he gets a free pass. tying run is in scoring position. next batter, full count. nathan, 32nd save in 36 chances.

improves to 10-1 in his last 16 starts. 6-0 with a 3.1 e.r.a. at one point he retired 10 consecutive batters. >> indians visiting the royals. top of the fourth, travis hafner gets a green light on 3-0. goes for a right. 13th of the year. top of the eighth inning, luis val buena, a three-run homer. blown save for -- soria. the tribe has won eight out of its last 11 against kansas city. >> michael beasley checked into a houston rehab center last

week. he's being treated for various issues including depression. beasley's manager told the associated press he's not sure what's going on. at this point it's unclear howell beasley will stay at the rehab center. on his twitter page on friday, beasley had this to say. why do i feel like the whole world is against me? i can't win for losing. he also posted this. feeling like it's not worth living. i'm done. his twitter account has since been closed. beasley father twittered this. what michael is going through is just a bump on the road we call life. pray for him, he needs it. >> nfl now, brett favre made his vikings debut last week. throwing for just four yards. he'll have a chance to surpass those stats. he'll play the entire first half for the team's next game against houston. brad childress is happy with his progress. >> he's doing everything he need to do to get up to speed.

and, as are our guys. i'm confident that we've got the time and distance to be able to do that. >> i think you just have to be careful, particularly when you're just starting at the phase you're just starting,ta there aren't too many throws. pitch count, i guess, i'm not a great baseball guy, but, you know, when guys come back, you know, it's not like they break them off, you know, so it's -- it's more managing and i'm not going to put a number on that for you. >> the edge still has something left in the tank. at least the seahawks are hoping that's the case. 31-year-old edgerrin james has agreed to terms with seattle. it's a one-year deal worth $2 million. >> mark sanchez making his first pre-season start. he would have liked a better result. just 3-8, 43 yards, a touchdown and an interception that was run back for a touchdown.

under the bright lights of monday night. let's send it out to baltimore and the monday night crew. >> it was a pretty tall thing. mark sanchez, on the road against baltimore. and maybe we'll decide if you're ready to be a starting quarterback in the nl. the first few snaps didn't go very well. let's take you back to the early snaps. john, this is exactly what you talked about, how you wanted to see him react? >> a zone blitz. he gets hit on the blind side. he comes back, he doesn't see ray lewis. he's telegraphing throws, things don't go well. no back set. gets blitzed and hit again. he misses a simple quarterback exchange but things don't look good at all early for mark sanchez but you know what? he's not the lone ranger. there are a lot of quarterbacks that have come in and struggled especially early. >> it was obvious to me he had a difficult time adjusting to the speed of the rush of the baltimore ravens. they came with everything. their zone blitz, their linebacker blitzes, but he came

back strong and mid a big play on this touchdown pass. i like the movement in the pocket. away from the rush. and he gets outside the pocket, he's going to read the post route. it's not there. but he knows he's got leon washington on that rail route up the sideline. he moves away and i love this move right here. he reached at his feet to get on balance and made an accurate throw. after all of the struggles he had early he had amnesia. he forgot about that poor play and mid a great throw on the touchdown pass. >> i made that point earlier. when you're a young quarterback things are going to go wrong. now, mark sanchez didn't have a lot of things go wrong at usc. not a lot of things have gone wrong here in the offseason program but he responded. he showed some grit, he showed some resolve and i think his team made on the airplane ride back to new york will appreciate it. they will gain more and more respect for mark sanchez. >> they are taking the train, enough to say he should be the starter for the opener? >> yes, absolutely. >> there you go.

>> keeping you central here on espnews. that's what we do. rachel alexandra, the super filly will run next week in saratoga. the tennessee head football coach announced that jonathan crompton will be the starting quarterback and tim tebow back to practice after missing some reps last week due to a sore lower back. >> seattle still on top, thank ken griffey jr., two-run homer. the career numbers astronomical. 625th career home run. 412 of them coming in a seattle uniform. >> they are still tied in denver. giants and rockies, top of the 12th, a 1-1 game. both teams have had some chances in extra innings but nobody has yet to break through and score. rockies entered play leading the giants by three in the wild card

hunt. >> our top stories are next. >> our top stories are next. we hear from mark i heard this bar is crazy. i know. this is sausage! (men in background) let's go! dude this place is a sausage fest. alright you guys go get a cab excuse me; can i get five pounds of kielbasa? hey, you guys made it! oh look they brought food! (announcer) there are captains in every crew. calling all captains. drink responsibly. but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small,

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>> matthew berry here from espn.com fantacy. another weekend of pre-season action, a few things jumped out at me. first-off, deangelo williams would halt all lot because the

iranians know what the truth is, and the majority of the iranian people are fine, gentle pele. you have a revolutionary theocracy right now that's tryi to brutalize these people. the hour darling people. we don't need to denthe truth, we need to tell it. it's a historical fact. >> host: mike evans the author of t new book the liber left and world chaos and more information you and the look at timeworthybooks.com. thanks for being with us. >>uest: delighted, bil

now singer-songwriter and actor nick jonas talks about living with juvenile diabetes. this is about an hour. [inaudible conversations]

>> good afternoon. welcome to t national press club. my name is donner, president of national press clu and reporter for usa today. we are the world's meeting professional organization for journalists and committed to a future of journalism by providing informative programming and journalism education and fostering a free press worldwide. for mo information about the press club, visit our web site at www.pre.org. on behalf of the 3,500 members worldwide i would like t lcome a were speaker a guests in the audience today. i would like to also welcome those of you watching on c-span. we are looking forward to today's speech and afterwards i will ask as many questions from the auence as time permits. please hold applause during the speech so that w have te for as many questions as possible. for the broadcast audience i would like to explain if you do

hear applause it may be from the guests and members of the neral public who attend the luncheon and not necessarily from t working press. iould now like to introduce the head table gue and ask them to stand briefly when their names are called. from your right, kelly writ anchor and correspondent fox news channel kimberly berryman production cord meter abc ns. rick donner,ashington bureau chief, houston chronicle and past president of national prs club. jennifer sergeant, senior editor at washington space magazine and chairman of the national press club board of governors. todd pdum and editor for "vanity fair." nancy katz head of ber care in america. speang of the party and angela keen speakers committee chair and reporter for bloomberg news, speaking skipping over t guest

melissa, speaking vice chair and independt journalist with new soap media. she also orgized this launch. thank you very much, melissa. kevin jas manager and father of today's speaker. [applause] that t. fisher executive producer nbc news, meet the press. richard simon coressional correspondt for "the los angeles times." alisa heal reporter for reuters and finally esters durham byrd neuroscience researcher with institute of health rheumatologist lecture and author of healing space is the science of place and well-being. [applause] imagine flocks of frenzied fans, swarms of young screaming girls and fourier piercing squeals at sold-out concerts. that's another day at the office for the guest today.

he is a young man who catapulted onto the world stage as a part of the jonas brothers trio. in case you haven't heard they are the wild popularity grammy nominated team and that in the last year has greased not one but two covers of rolling stone magazine. they've been called thelean team machinend princess of pop. therefore bums in the past years have sold million copies worldwide. the group's youngest member joins us today breaking away from a summer world concert tour for its new album, live fines and chongging times which debuted number one on the llboard charts. he is the chief songwriter singing sensation teen heartthrob nick jon. [applause] at age 16, nick is the second youngest guest to speak from the press club program which is in a

forum for presidents and kings, ceos and politicians. of cours almost anyone can sell millions of records, become a television film star and teen idol, right? so we have invited nick to discuss one of his other roles, that of international advocate for millions of children, teens and teens who have had a life-threatening disease, juvenile diabetes. nick grew up in a musical family inew jersey. his mother, denise, who home-schooled the boies is a sing and his father, kevin jonas, senior musician and co-founder of christ for the nation's music. nick started his show business career at age six, starring in broadway musicals and snagging a solo album deal before he and brothers kevin and joe formed te jonas brothers in 2006. bye age 13 nick had been dubd a vocal powerhouse. the band was just taking off when the november, 2005 nick wac

dealt a life altering blow nding in a hospital with a blood sugar level out of control nick was diaosed with type i diabetes and medical condition that has noure. he had to learn to manage his disease on the road as the jonas brothe salles astonishing success. last year forbes named the jonas brothers breakout stars of the year listed in the top ten richest pop acts of 2008 with the likes of madonna, celine dion and cold play. earlier this month the jonas hosted the tm choice awards where they took home five awards. on the side they also have their own disney channel series called jonas. but instead of staying silent about his diabetes as many public figures have done and still do, nick is using his global platform as a pop superstar to bealled av will model for children with diabetes, proving that the

disease does not have to slow anyone down. as celebrity ambsador for bayer diabetes care nick is leing a campaign to inspire kids facing the daily challenges of counting cards, testing their blood sugar and injecting themselves with insulin that theyan live a normal life. he has even written song, "a little bit longer," about his diabetes. together nicknd his brothers launchedhe change for childre foundaton which this year has given nearly half a million dollar in grants f diabetes programs worldwide. he testified this summer before senate committee for more diabetes research funding, and he met with preside obama at the white house. all of this and not yet old enough to vote. so please help me welcome singer, songwriter and actor and advocate, mr. nick jonas to the national press club. pplause]

>> thank you, donna. it an honor to be with you today. i am grateful for the opportunity. i was diagnosed with diabetes in 2005. my brothers were the first to notice i had lost a significant amount of weight, 15 pounds in three weeks. i was thirsty all the time and my attitude changed. m positive person, and that changed during these few weeks it would have been easyo blame my symptoms hectic schedule, but my family knew i had to get to a doctor. the normal range of blood sugar is betwe 70 to 120, when we got to the doctor's office we learned my blood sugar was over 700. the doctors said i had type i diabetes but i had no ide what

thateant. the first thing i asked was am i going to die? she looked back at me and said no but this is something you will have to live with the rest of your life. we went right to the hospital where i would spend the next three days. my state and would a crash course on getting my blood glucose levels in control and living with diabetes. in the car that night, i thought to myself "what good can come out of this, where can the joy b.? how could i turn this into something eckert and inspire other people." it wasn't there. we were driving, it started to rain, lightning strikes and under floors and you think where is the good? and it just wasn't there. like something out o the movie and you wat the character and

feel bad but never think it would be you. that was me that night. and so, as i lookedt my dad as he driving the car itlicked back in my moment of frustration and disappointment something good could come out of this. are on aourney would take us places where i can't even begin to igine. last february we performed with stevie wonder. moments where you have to pinch yourself to even begin to feel the reality. i knew that was coming somehow, someday so i said enough is enough, enough feeling sorry for yourself. i made a commitment to myself that night would not let it slow me down.

it's been an incredible journey. a lot of ups and downs. at my age i know a lot of you are saying he's still a child, but i can assure you that night i was a child with a dream and i was not going to let diabetes throw me down. and to this day, it hasn't. and at times wn blood sugar is high and low it would b a lot easier to throwing the towel and say enough is enough, i'm don and i would like to have a day off from having diabetes. but it just doesn't work like that. so when i meet these kids they tell me my story has inspired them oftenmes i just laugh and say at's hard to believe because when i talk about it and share my story i'm just saying what hpened. to think that it could encourage and spire someonen the world

is an amazing thing. and it's crazy to thinkhat the song i wrote, "a little bit longer," is something that helped someone somewhere. i was at a piano in canada while we were shooting the movie quote ko camp rock," and it was a day that my blood sugar was out of range and was a tough day but i sat at a piano and the song came so easily and it wasind of self therapy for me in the moment. but last night, i met at least ten ki with diabetes that said that song touched them, and again, it's hard to believe. i've alway had a heart for helping others and realize i have been given a platform to speak out to encourage and inspire other people living with diabetes. reaching out and sharing my story is one of the ways i can

ve back to others. my brothers and i started the change for children foundaon where we give to organizations that help children. last year alone we raised over $1 million for charities close to our hearts. these funds went to such organizations including pediatric diabetes research, education and treatment as well as diabetes camps. the past year i've been an ambassador for young people with diabetes as part of the partnership i have with bayer diabetes care. our goal is to encourage and inspire kids living with diabetes with simple wind switch or everyday victories for managing diates. we started the by site called nicksimplewins.com. each day i accomplish some o my simple wins i wouldn't be able to do with all support of my family and friends w help me manage my diabetes evy day. everyday i need to monitor my blood sugar which requires me to test about ten to 12 times a day. odd u.s bayer's contador meter

so when i am busy on to our people like my parents and crew can rry th test strips to make sure i always have myools to be ready to test. since my diagnosis, i have for my dog tag to let people know i have diabetes, then bayer and i thought it would be great to create our own dog tag anone can wear as support for all people with diabetes. this came to life when i officially launched t godaab program during diabes awareness of last to week. proceeds go to the jonas brothers change foundation. another project launched this year allows young people to breed of leah expressed her own simple winds through an on-line contest. it invites young people with diabetes to record a 15 to 30 conds ago that creatively demonstrat their simple the o submissions n be demonstrations of a song lyric, photography, painting, drawing, acting in any form of creativity. so far, we have had our monthly

winners since april and you have seen the figure smissions when you walked in tod. in september i wil get to sect the grand prize winner who i will have the opportunity to personally meet. our partnership has made an impact only on my life that so many young people with diabetes. model me through the programs we have launched together but also through bayer's ongoing support of the jonas brothers for change. i'm gratefulor all they have done to help my brothers and i reach our individual goals. once again, i want to thank all of you for coming here today. i see many familiar faces i the audience i ran across during my efforts to raise awareness about diabetes, and i think if you each day. all of us together will be able to help yng people with diabetes feel supported and less alone. i would like to invite nancy from bayer back up to speak for a lot more about our rtnership. [applause]

>> i want to do this, it looks so cool. [laughr] okay, so good afternoon. i am nancy the general head of bar diabetes care for north america. thanks, nick, once again for sharing your story. i can't tnk of a more fitting place to do so than here at the historic natnal press club and there is no better audience to share with than the members of the press, ople will gather and disseminateews. we are delighted you could join today. a couple of years ago, we at bayer took notice of a rising star nam nick jonas to acknowledge publicly he ha abetes. and before we even met nick we were impressed by his candor and maturity and opening up to his fans with his news. we were also struck by the obvious closeness of the nick mily. his mom, denise, his dad, kevin sr. and his brothers and how they all embrace his diabetes to

support him. so we reached out to nick about partnering with bayer at simplifying life for people with diabetes and were thrilled when he said yes. it w the late august we announced the bayer mick jonas partnership and we aremazed by the number of kids and adults whose lives are impacted by diabetes that nick has been able to reach with his message of hope and inspirtion i is clear when nick talks about diabetes, people listen. and until there is a cure, the greatest weapon against diabetes is an increased awareness and knowing how to manage it. the work that nick and bayer are doing together through nicksimplewins.com enables people with diabetes to connect with nick's experience and they told us he inspires them to achieve their symbol wins or small everyday victories for managing diabetes that can lead to big differences over time. ni is truly embraced and grown into his role as the diabetes

ambassador. we could not be more proud of how he has touched so many lives in so many ways from raising diabetes awareness to raising funds for education, treatment and research to mention the worke did on the hill. a key element of bayer's partnershiwith speed nick orie gift to you today hopefully you all received one of nick's dog tags as he walked in. i am certainly we' in line. very proudly. nick designed the stock tax similar to the ones he wears and they are available at nicksimplewins.com for a $5 donaon. with all proceeds going to the jonas brothers change for the children foundation. since it was introduced last november the dog tag program has raised $75,000 for change for the children and thousands of people share their support for people with diabetes by wearing them. nick come to launch r partnership last year bayer made an initial dation of $100,000 to the jonas brother change for the children foundation for you and your brothers and today in

celebration of our ongng commitment to your partnership i am pleased to present you with another 100,000-dollar check. [applause] for the jonas brothers change for the chiren foundation. nick, are still honored and proud to work with you. [applause] >> are you done with your speech? >> yes. >> oka we are going to go t the questions you all have for nick. so, the fir one comes from age 16 by itost with juvenile diabetes at age 12. as an international celebrity, you serve as an inspiration t those of us living with juvenie diabes. how did you makehe decision to share this psonal struggle with the public? what were some of the things you

have to think about before you went public? >> i think the main thing was making sure had it under control myself, before i talked about it publicly. so for the first six months, i continued tk roar on my own and with my family how to managey diabetes, how to properl take care of ito make sure i could feel comfortable to speak in front of people and share my story. >> so you probably have too to the doctor aot. a lot of kids are scared about going to the doctor. how do you get yourself psyched up and ready to go? >> i have a really great doctor, dr. franci kaufman has been a great supporter of me and all that i am trying to do wh raising awareness about diabetes and when i comes to going to the doctor, i think you just have to do it. and i remember the times i would y to pick which figured i was going to break when it was a rare ourrence would do it i

guess it is once a year for your check up but being selected which nger kind of went away when i h to do it tend to 12 times a day so it's been good, she's a good doctor and i'm always glad to s her. >> are you the only one inour family who has diabetes or do your grandparents or parents have it as well? >> my grandfather has diabetes pipe ii. i am t only one in the jonas family and i guess i hope they don't get it but we will see. could happen but if they do i will be there by their side helping them out learning every step of the way. >> is itard for you to talk about your diabetes? sometimes do you feel like you want more privacy? >> there are times when i do keep things to myself when it comes to my diabetes but for the most part, i try to be as open

as possible about it because i know what it's like to feel alone and struggle with diabetes because my first found out i didn't know anybody that had diabetes and so it is on a tv screen or right there in person with someone that means the world and i'm happy to do at. >> stresss known to worsen diabetes sympdoms. have you ever experienced this and how do you cope with your excitingnd stressful schedule? >> there are times the schedule does get hectic but you always have to take against whites, one step at a time of tools and take care o it and eryone around you also is watching out for dewey and make se they are there with you every step of the way. >6 can you tell me some of the ways your family supports you and supports managing your diabetes? >> one thing i alws say is that diabetes isn't just

something that affects the individual but the entire family and everyone around them so i feel it' important everyone is edated not only in our family t in the crew and staff we have around. they know how to takeare of a problem i there is one and it's just important to have good people around you the help you get through. >> so you mentioned you were scared when you first found out you had diabetes. what were some of the other emotions you went through and how do you feel now when you have to prore finger six, ten times a day? >> if i am being honest my biggest concern is i would have to drink diet coke, which was kind of the shock at first. [laughter] im a big soda drinkerof that was disappointing but i got ud to it and got over it and i am good now. i can't get enough of it now. [laughr] but it was rough at first. >> so what is your favorite food? >> my favorite food i always

have to be careful when saying this. as much as i would love to just have a slice of ce i figured i would hold off with the cameras watching me. but when it ces to food i am a big stake eater, i guess i am a man in the sense i just like to have a stake. [laughter] but fruit, too, big fruit stand. >> okay, my son is a diabetic and he has the same pump as you. i was wondering if you wear your pawed and have your pdm during performances. >> i have the first tube less pomp and it's great and i do wear it when i am on stage but don't use the meter on stage. we wear tight pants sometimes so -- [laughter] i didn't know it was this funny. i'm just being honest. [laughter] but that's the problem so i handed off to othereople to take care of while i am on

stage. >> how do you know if you have too much or too little sugar? do you feel different? >> i definitely feel difference in my blood sugar i it's high or low, but makg sure that i checked regularly is important. and i am good so far on stage, i haven't had too many laws but my mom is on making sure i'm good when i go on stage so as i said before just makg sure you have good people around you to make sure that you manage i well. >> what do you keep for emergency snacks? >> uh-oh. mcgeorge there's always orange juice, apple juice on the side of the stage in case there is a low but everyone around has something ready to go any time in case there is a problem. so we are all prepared and ready for a situation. >> what is a typical day for you?

>> a typical day, the store in particular has been a lot lighter schedule. we have been able toub out o different cities more than one ght which is nice, but usually get up around 7:00, either do press, it's either press or i play golf, one of the two, but after that get on the plane and had to the city we are pleading that night, we have a sound check party so we bring guests to watch us soundheck and we answer questionsnd do a couple of meet and greet and interview and do the show that might and do it all again. >> because you have to procure fingers aloft in to check your blood sugar, how does it affect the way you play your instruments? >>oing back to what i said before about being selective as to which tnk, when my doctor first to my blood sugar to see if i was a diabetic on november 16th, 200 she asked which bangerter and i was being

selecte because i'm a guitar player so i have to be careful with that but after about a minute trying toigurout which bangerter she said just give me your finger and we will check. she said you will probably have to do this a couple more times. so it#s all good, but i think trying to switch it up a lot but, you know, occasionally you will hit the spot and it's a little itchy but it's all good. >> how mh of your time do you spend checking on your blood and sugar, your blo sugar? >> i want to know how old that person was, there was like five! after it. thank you! [laughter] about ten to 12 times a day at least. i've been good about it lately. thankfully my a1c came down substantially which is good. very happy about that. >> what are the dn sides to having diabetes and have you missed out on anything you

wanted to do because of diabetes? >> tre have been some things i ha had to be cautious about, sports, things like that, making sure i don't go too hard before a show. i am a very competitive person. so the ping-pong match is before the show can be pretty heated. but just making sure i keep it under control and know where i am at before i go on stage. >> is it hard to manage your diet and watch what food you eat when you were on tour and traveling a lot? >> in the beginning it was a little bit difficult. luckily now we travel with our own catering so they give me the caohydrate facts before every meal and i know what is in the food so that i can properly manage it. but it goes back to what i said before just making sureveryone is aware. i am an independent person but when it comes to diabetes i have to let other people in and let them help me management or else

it could get out of hand. so just making sure people are on top of me making sure i am taking care of i >> what is the best thi about being a rock star? [laughter] >> wow. i think being able to play every night in front of so many -- so ny people. we remember the days when there were ten or 15 people at shows and those were the moments where we would say living the dream, kind of sarcastically. [laughter] and then once the crowds got a little bigger -- last night we played in front of 20,000 which is amazing. it was definitely living the dream and the good sense with a smile on our faces, so it's great and i definitely love it. >> what is the toughest thing about being a rock star? >> there are some early mornings and late nights sometimes. that can be a little difficult. i like to sleep.

so. waking up early can be tough, bu you know that you are going to be able to get up there and play in front of your fans every night and that is what matters. ..

i get a lot of sugar free snacks from fans that is great. it makes me feel loved. [laughter] >> hav youver had to miss a show or canceled becse of etes? >> we were talking about that the other day we never had to cancel we only had used reschedule because of weather but no illness. diabetes has never caused us to cancel a show, but they believe. >> host: and at age nine ask how can she supports her cousin who has diabetes? >> guest: e of the main wa people can support their friends and family is to be ere for them. when i talk aboutn the song how no one can relate what you are going through as an individual, they don't know what is it in your mind or did your heart but they can say i

cannot really with you directly, but i am here for yo if you need me. that is the best thing for me. >> speaking of the song just a little longer what are you trying to express you don't know when it's got until it's gone? >> the chocolate cake. [laughter] [applause] there is a deeper meaning to that. i hope so. midday that eroded i was at the piano i was wishing i could be normal and like everybody else the cast is great from the movie and we d a lot of fun but i was watching them. there were not being rude by eating three the doing what they wanted and i hafe to think about everythin i have

to eat and just wishing i could be not normal -- wishing i to be normal that you do not know what it's like until it's gone but a little bit longer i'll be fine. the moral of the story. >> ht: what got you into singing and writing songs? >> guest: i always had a heart for music since i was three or four. i wrote my first sonwhen i was six negative dad was a musician so i grew up inhe house with music. i did about four shows imagery the eighth seven of 11 than i started toeport record music and see that reserve my heart was then with my brothers beme a group.

that was and it happen from there we are having a great time from their. >> host: how does broadway compare with doing a concert? >> guest: it is much different. it is good training for what i am doing now and i am so thankful that i did it but it is so different in the sense that this show every night is the same thing but on tour you never know how the crowd will be and you have to be ready for anything. >> host: what about the song from your cd? >> thatas the most recen album that came down in june. there is a song on there that i wrote on the piano. the first song i have written

about the i had risen with the black keys on th piano then i sa the concept shifted into looking at life and seeing where reflecting why 82 you mess up the perfect picture and it stood outo me as a song that meant something to me psonal the crowd sings along and it is an amazing thing. >> . >> host: did your parents may q practice the piano and didn't make you mad. [laughter] >> guest: no. there wasever too much pressureo practice. the piano and particular i picked up the guitar first and good drums my d plays the piano so i would watch him the taught me a couple of things but taking the time to learn

it and watch other musicians is a lesson in and of itself. t my dad trained me as a musician and. >> host: who is your musical idol and why? >>uest: johnny cash, an elvis costello, a stevie wondera bignspiration. >> host: what makes those folks special? >> guest: i have always been intrigued by a johnny cash storytelling. the storytelling stood out to me and my first pick it up i want to write songs about this right can tell a story and all this costello is the intelligent intellectua character and musician. >> host: real listeningo your ipod this morning and where real listening to? >> guest: this morning?

i was watching sports center. i will be honest. but the last time i was on my ipod i was listeningo a new band. >> host: what is the favorite song the you have written? >> a little bit longer that means a lot to me. is probably my favorite song to play live as well. >> host: will there be a camp brock ii? >> guest: there will be. we meet next week to go shoot it. we wrap up the tour on inhe 31st and we start on the first. we he a 12 hour break. >> host: can y give us a little preview of mp rk to? and what will happen? >> guest: jamaraat to i am

looking forward to filminat the cast is great. our friend has aumber one album we a proud of per it will be great to fill the second installment. >> host: will you get your own action figureollar? [laughter] i don't know. i was asked this question before we started. joe had one. he had an action figure mor like a barbie. [laughter] that is why as long as i am a g.i. joe h am five. [laughr] >> host: sounds like a pretty hard schedule so is your favorite part of that tour and the hardest part? >> like i said i remember the days when there is not as many people at the shows as there

are now so that is amazing then that toughest part? it is all good we have a great team and the fun when we're on the road so the end of good tour is said then we will head to canada aft we shoot camp rock so we're having a great time. >> hos how lg does it normally take you to write a song? >> it depends on t topic it comes quickly the sons' songs have taken longer. maybe one week but for the most part one hour. >> host: d have time to have a social life and what do you like to to have fun? >> guest: when i have time i

am big into sports, a golf. we have a softball team when we're on the road we play softball but we have a lot of time just to go and watch movies and hang out. we are each other's best friends. we have a gd time together and enjoy each other's company. >> host: do u have a girlfriend? [laughter] >> guest: i am trying to figure who passed that question. [laughter] >> host: it came from somebody who has a lot of parts. [laughr] >> guest: i do not. [laughter] it is crazy. >> host: moving on, but. >> guest: what is your favor but? >> guest: amazing. my favorite book it is 1,000 best quotes of all time it is not a story obviously but it

has a lot amazing quotes i will pull them out and say them in the interview they will say did you come up with that? but it is a great book and i like a l. >> host: why did you give away a guitar friday in charlotte? >> guest: iike to give away guitars if i see somebody who i think would like it. [laughter] usually they are playing their guitar so i figured give them the real thing and it is a fun thing to do. very sweet girl took it. >> host: mary tyler moore's book a few months ago about the diabetes congress the that what was it like to talk to the president and testifying before congress about your diabetes? >> guest: that was an amazing thing to be a @art of

and such an honor. i was a little nervous when i spoke, but it was great to see that it went over well i have en a lot of kids that were there in the cities we have gone to and it is great to see them again now that they are doing things in their own community to raise awareness and speak out against diabetes and the importance fund research and hopefully find a cure one day. >> host: when we come bk to washington? the legislative struggles a daily thing. >> guest: i am not sure wn i am coming back but i would definitely love to. this is my second visit in the last cple months and it is a great place to come to to speak out about important things like this. >> host: what was your favor part of visiting the white

house? >>uest: i always had this dream of becoming the president one day and i talk about it a lot. [laughter] so just being there was cool to see the history and to me and the white house it is such an honor we could play and acoustics that for the obama daughters and their friends. >> host: y have another 20 years before you can run for president but where do see yourself five years from now? 812042 be exact. [laughte [applause] >> gue: w have bumper stickers that say john s. 2040. in 20 yea? going to college hour schedule is busy but that is romething

you like to do but im enjoying this ride and hopefully doing more greetings with diabetes. >> host: you have met a lot of famous people who would you most like to have dinner with? >> guest: stevie wonder was su an honor president obama was also all this costello was a very intelligent person and i would love to sit down with him at he seems like a great person. >> host: and can you show u your dog tag? [laughter] maybe not. >> guest: it is under the tie and shirt so i will not do it right now. aughter] i have a special one that my family got me for christmaso i wear that and then the one

at we made. these are all verspecial part of these have been incredible i see people wearing them at t shows they show me they have supported the cause even i they are not diabetic but just to raise awareness and that means a lot to me. >> host:ow to keep going when you feel down? >> guest: knowing there are people out there who have been encouraged or inspired by my story. i look forward to that moment knowing there be an end of the struggle. host: where do get inspiration for your songs, besides diabetes? >> guest: i tried to pull for everything around us relationships, personal

things, try to make their real to who we are. >> host: this comes from caroline who has been a diabetic for 13 years she says my sisters always tell me to check my blood sugar whe they think i am cranky. do your brothers do this to you? >>uest: my brothers are very sensitive when it comes to diabetes. they will a sometimes if i have checked or if i nedd to check. they are good about being sensitive and not being too ru. that it is all good. we have gre relationship with each other. there is something that they sense i unusually feeling it as well so i will just go do it mysel >> host: this question comes from many who is your age and working a reporter for the woodrow wilson high school

began a report from t american diabetes association 2. 2% of e population have on diagnosed diabetes. hundreds of thousands of opleie every yearrom diabetes related conditions what is the best way to reach these people? >> guest: there is a lot we can do to raise awareness. and our o circles and life, our family, our friends, and then reporters in th room on a larger scale. just to raise the revenues and do what we can to get people involved because everybody has a story i hear a lot of time when they say could you please sign for their knees or their daughter they will say she is a diabetic andhe watched since you and encourad by what you have to say. as far as the undiagnosed

people in the world, a few kn go check it out if you start to see the symptoms that i talked about being thursday, losingeight, the attitude go check it out. you never know. i was hit with that after 13 years perfect medical history. so always be aware and be ready. >> host: you have traveled all over and have met a l of different people what are the mmon misconceptions about diabetes? >> guest: some people think they know what you can and cannot have. you are able to eat for the most part what you likeust as long as you take the right amount of insulin and check regularly afterwards.

>> hos what advice would you give to somebody who is just been diagnosed with type i diabetes? >> guest: doot be afraid to rely and other people whoever it may be to talk to opher people and let the hehp you and your struggle to walk with diabetes. >> host: says height or though bod sugar levels the affect your singing levels? >> to be high does not affect my voice. i am able to have a pretty good idea where my blood sugar is of i am not checking it so i know for the most part it is all good. i will look at somebody and say ibe a second to take ca of this. >> host: havyou had a moment ontage were you felt ill and had to stop singing?

>> guest: there have then one or two moments than the four years but i have en diagnosed where i had to tell kevin and joe to stretch the talks sell i can go check but it is all good we have the relationship so we look at each other and know what is going on. >> host:ome people may not know that your father is a senior or musician were using a few bars together before you leave? [laughter] [applause] >> guest: i don't know. i don't think we are warmed up yet. but he is an incredible musician though he could upstage the three of us any day. >> host: do you think there will be a cure for diabetes in your life time? >> guest: that is a question

i ve asked a lot of people myself because i am obviously very interested. but the honest answer is i don't know. i hope one day there will be a cure a i know we are making advances in technology to manage our diabetes better. but we will see. there e people that are hopefuand working hard and technology so hats off to both of them so they keep learning new things. >> host: it is cool to have diabetes when your name is jonas but wha would you say to other kids? >> guest: i do not hav

somebody to look at and say this person has diabetes so it is okay. what people have told me that. the fact that i have stepped out and spoke about my diabet they tell their friends at school to say he has a tube and isoing what he substitutive that is what it is all about. it makes it all worthwhile. >> host: we are almost out of time we have a cple of matters to te care of the the remind members and of future speakers on september 17 governor douglas of vermont will be here. september 18 the president and ceo of the mayo clinic, september 28 ken burns documentary film maker will join us on the denver 12 we will house the 12th annual 5k run at an auction

benefiting the scholarship fund for diversity and journalism for more information go to press.org. second are like to prese neck with the tradional month [applause] not exactla record contract buy you and president clinton and various heads of state have one of those. for our last question, how has a struggle of having diabetes help you gws a person? >> guest: it has showed me sometimes things in life on appear teach don't appear to be the best thing in the world. it could be a situation in your everyday life where you think you wish it would go win

white -- one-way but it does not and diabetes is the same thing. hope every day my blood sugar is good but sometimes it is out of my hand. always trying to be on top of it and know that i can do what i want to do with my life and live my dream withiabetes even in situations where it is out of my hands pro but having a great time i love what i am doing and that is important. >> host: we do have a couple more minutes those 60 people ask this question would you ever consider dating a fan? [laughter] >> guest:. [laughter] i did n knmw i would have to talk about that stuff today in a suit. definitely that would be great. we said our biggest date would

be our biggest fan. my brother is a gauge the mellin wonderful girl from new jersey who is a normal girl tt is the kind of story i would love to have as well [applause] >< host: thain you very much for coming today and i want to remind everybody that we're doing blood testing outside the ballroom of you want to get your own blood sugar tested. thank you very muc also like to thank said national press club staff for organizing today'sunch. also thinks to the nbc library for the research to the vid arive is provided by national press club broadcast operations center. the events are available for free download on itunes as well as our website non-membs may purchase

transcripts or audio or video tapes by goi to the archives at press did or. for permissn please go to our website at press.org. they giver match and we are adjourned [applause] please state in your seats. thank you. [inaudible conversatio] about

what he think caused the financial crisis in his book "the myth of the rational maet." this is one hour. >> i thoug i would quickly attempt to ansr the queion what jus happened? what happened over the last nineonth i was thinking about and i came up with a two sentence answer the mkets around the world stopped working last fall and had a dramatic effec on the rl the economy, i am not saying there were not tens of other factors at work, there was a very strange mortgage market th so much pport fothe concept of home ownership that sometim over the past decade evolves

into govnmentupport. i will not argue the their response t the initial problems with financial markets began almost two years ago this week it may have made some things worse for you still cannot deny it is alh the government's fault the government stoppedorking and i am in the camp there is no way to prove this, but it seems like a more reasonable explanatiowithout government intervention that have however, the and of fair and goldman sachs friendly, has left-- thus substantially better off then had it not stepped 10 that is the basic

starting point* the markets failed and seized up and stop working and whenever further you want to use. the dominant academic theories for the past 50 years of how markets work and how economies work d't really leave any room for that possibility. there is really no theory in the textoks that you get in finance glasses and business school or for the most part in economic textbooks that explains why suddenly market stop working nobody wants to trade with each oth everything seems to be on the verge of breaking down. i will sayhere are lots of people, professors, who study these things but in terms of the paradigm of thinking about financial markets, that does not have been. you do not have a bubble or a crash. so this is what i am

calling -- the myth of t rational market i got a email today from mark coogan steve chu made an excellent point* that i never dined what i mean by the irrational market. so i will make the attempt it is not a formal definition it was a book title that seemed to work it was initially going to be when we first sd the book we had a noncommittal title arguing the market that did not go anywhere. the publisher came up with the myth of the rational investor i said it i the market we are talking aut. so at one level it is a marketing device not a brand new theory of the world but at the same time i am very convinced from the years i have studied this and also

watching theeactions of regulators and other people at the events there was a widespread belief th financial markets basically got things right. they did noteed to be exactly right all the time but they could be relied on or behave in calm and reasonable mannerost of the time. the question is where did that idea come from? there was a lot of episodes in history about markets not doing that by breakg wn and going back to the dutch and the two lips and it went on through the english anglo-ench and then buy the 1800 the bubble and a crash would happ every 10 years e famous the communist came up with the theory of what was causa financial crisis then when he died in the

1870's it was on the 11 year cycle with the sunspots but it never came back. but we have h these a the time so wide to be come up with the they of how markets work that did not have any roomor them? that is what my book is about their product of their times within the '50s and '60s it kept crashingfter that and markets did be a pretty calmly in those days and it just seems for certain purposes is perfectly valid to just assume that markets can be thought of

as rationally functioning edit entities. markets work pretty well markets have products and services has been part of that since the beginning a about aggravating -- aggregating affirmatn of figuring out what we should make more or less of. at the same time more ceful but also more dogmac version and a growingp aer world war ii a lot of the reason that during world war ii but after mathematical and statistical oriented discipline partly becae economists were involved in the war effort and the remarkable ways to hp the two the bad guys one of my

favorite stories i learned i there was an organization called the statistical research group and it was an amazing group of young statisticians and economists including the father of one audience member here and including paul wolfowitz dad and milton freedman and one of the questions that they dealt with was artillery shells i am no gunnery experts would you want to correct me but use for them to determine how many pieces they break up into it is a risk/reward if you only score into a few pieces, if u get your target you had it with more and cause more damage but if you score a lot of little pieces it is less damage to a more likely to hit. of recalculations of what is the optimal level of

fracturing was stunning columbia then friedman would go down to whington to et with officers from the army after the battle of the bulge they would get the advice from milton friedman how to manage ammunition. and that can help but make you more confident in your abilitiesf what statistics d moh can dfor you. it was a dramatic developme in the years immediately after were economics went from large literary pursue where people would talkbout what happened very historical someing that was dominated by mathematical modeling with a statistical ndset. it was natural in the

fifties, the stock market was ry rational it seemed like the little guy way that if you knew how to read the charts you could predict the fure and make money without having any inside sources are spending a lot of money doing research. two some finance professors they could immediately see that these chart patterns could have been generated by a totally random process. became bill whole whittled many academic movement centered arod m.i.t. you cannot prove it led to explore the randomness of the markets and talking about the random hypophysis and bically the future is the best possible prediction what the market will do in the future is a totally random process. there is n secret. it is pretty sensible it is

not true but it is sensible. at m.i.t. all of the m.i.t. professors thought yes they were hard to predict but they would find tiny waves to use their advance knowledge of statistics. one famous textbook authoras part of the game but then an inresting thing happened at the university of chicago they did research they did not find ways to beat the market an make money but it is sol randomness line of research that collided with the bertarian revival that was happening in chicago led by milton friedman and it become much more a project to show financial markets worked and really well and did not need regulation at the expense that was bought andasically knew

best. and the late sixties it i part of the theory called the efficient market hypothesis came. lot of people now will claim to believe that it meanr is you just don't know if t market is too high or too low. that is part of it but it was also very much mint as the attempt to find a way of showing that the prices in the markets were right. if you look at the way things develop in the 1970's the idea that the markets were right with the thought that we have to give some advice to the world so they decided they could not predict where prices word go but tell you about any

particular investment say you have a ufied theory of the world which there wa no poi* trying to beat the rket but you could buy proply balancing risk, but the right portfolio and the rightpproach. this was a market where prices are basically right and there is a simple straightforward way to deal with the market that the name that it got was the modern portfolio theory. a lot of practical ideas came out, the first onewere new waysf measuring whetherhe mutual-fund manager was beating the market or just taking excessive risk and they are still a big deal and institutional investing. the index funds came out of is whole movement and there

are a lot of good reasons i can talk about why index funds are a goo idea but the particular, they would not have happened in the 10's if not for the belief of the rational market and the option pricing theory andorld of derivatives there are other ys you can get toead but it came from the whole idea the price is prevailing therefore we can have theories based upon these prices. some of them more philosophical the ideas that me oup were running a corporation that should be about increasing shareholder value that you could measure pretty easily. financial deregulation but cleay f markets are right and rational that made sense. there is also the financial

was setian of american life that began in the '70s and began four reasons because the old ws were not working they went from havg a savings accot to having a money-market accountun by a mutual bund or rrill lynch. we went from having pensions two 401(k) for you are totally exposed and the idea started to permeate american and life. whats ieresting starting in the 1980 is really with politics and the general popularity the fed this idea that the market could be trusted was rea staing to reach its peak. back on campus some young professors trying to make a name for themselves started to point* out all the problems with the elegant view of the market world. so of these people are famous now, robert schiller and a professor at yale and he

has an excellent new book called the animal spirit, he made the point* that the prices and t stock market sure seem jump around a lot more than any fundamental data so the markets are more volatile, larry summers two is now running our e economy and the white house basically made the point*, is impossible to tell in a rational random markets is what some m.i.t. paul people believe from the irrational there is no way to tell if they were rional or irrational. followed by someeople who came u wh these ideas showing over time value stocks are cheap stos do better other research showed there is a momentum and thetock prices that basically what the market did yesterday it is

relatively likely too that again that is the problem. and thenhe 87 crash happened about was an interesting event in that it did not fit any of th risk models and even more interesting me you could argue it was caused by a risk management technique dreamed up of a couple of finance professors and it was the ada to reduc the risk of investing tt basically involve them making deals wit pension funds and other money managers to sell their stocks quickly when the prices started to drop. that can work for one individual investor but what happened is it became so popular andashionable the prices staed dropping in october 87 and suddenly all of these people we out cetti

their portfolio insurance programs on the market lling stock to avid losses which then caused more sel and nobody can prove ts but was probly the main factor the downward tick in the market turned into the unprecedented crash. there was a lot of problems with this idea and of the things we should allow to rule our world. but then the 1990's happened and everything worked out. the 87 crash did not cause big ecomic damage. the berlin wall fell showing that communism-- capitalism worked over counism but even better if you look around the world some countries were to better like the u. and other ano-saxon countries the give t exalted role to the financial markets but germany and japan put the banks then

charge. in the late 80's there ere a lot of people who were thinking we need a system by the germans or the japanese by the mid-90s the u.s. was doing vastly better. although the theories were taking a beating with the popular view it reached its apex than the le lineties. i bought into it, the idea that the market's, the financial markets will take care of it you can see the way the discourse change. up until the mid 90's did you talk about how big a corporation was, you alws talk aut the revenues or its earnings and those are both clearly and completeness shares but partly because the are incomplete it made the switch that all people talked about washe market cap and

how much the stock of the corporation and that was the ultimate measure of how important you were. then 1999 happened and it was pretty clear to a lot of people iluding old-line finance professors that pet's.com was no more important than del air lines. although it has goneankrupt a couple times. [laughter] maybe it was perfectly valid but the attack bubble was something that could not be explained very well by any theory that market prices were based on a rational assessment of future earnings power. one professor from chicago who authored the original efficient rket hypothesis made the attempt there's a lot of unceptainty with the internet stocks it is entirely possible water to wi become the next microsoft that is out what makes sense to a sign high valuesut with the

startup level companies clearly google was not out there as aublicly traded companies sell it was not there but that was clear new compans, long and grow big but even the big companies were prelude, a clot cisco i an example it was required to double in size every year for the next 20 years for the valuation to make sense. that caused a lot of questioning among finance professors and economists about the idea that the bubbles were not an issue and the markets could be relied on to get the price is right but the aftermath was not that bad because the fed came in prey aggressively and kept the subsequent downturnrom turning into a deep one at all and it was amazing as housing prices rose you heard a lot of the same arguments made to

justify the higher prices that you heard four tech stocks in the late nineties. it also interestingly the loudest vce saying they were crazy was robert schiller group published a book march 2000 the moment the stock market started to decline called irrational exuberance that guess they have a habit ofoing in waves of optimism and pessimism he put out a second edition with a chapter in real-estate with the same point* b t response from most of the profession and alan greenspan was markets now what they are doing. yes there is some new stuff ppening and housing market but we have these great new derivative itruments that will spread the risk and take care of everhing. then greenspan made his famous admission and last fall if you

backtrack now that the world is less scary than novembdr but he said my world view did not work anymore. the holt intellectual edifice he referred to derivatives pricing but he meant more broadly the dea that financial marketsould work everything out has collapsed, he said. i will go toueions in a minu but i wrote this book, it is not aolic or an argument is a sto of the rise and fall of this idea but obviously i feel compelled to say what do we do now? financial markets are not perfectly rational we should not aow them to determine everything that our society does. the problem is when vernments are made up of people to you do not have some of the same checks as the purchase offense do it is what

they change their mind is so it is not as simple as saying we need government to pay a bigger role and regulate more but it does seem one obvious thing is financi markets bubbles that are built on debt are a lot more dangerous tn the ones that are not dead techubble was people putting their own money at risk with no contractual obligation to gett back the housing market was people lending money with the expectation they would get it back and when they don't give it back it is a much bigger deal that goes from $200 down at zero. there is something about leverage that is dangerous there has to be a better way to do not get rid of it, debt has fueled our economy for hundreds of years. but realize when it grows really fast, sething might rong and there are a lot

of people at the fed to agree with that. that doesot mn they will get the right ihe future or mayb it will be 50 years bere they come to the realization but the other issue is that markets are flawed and governments and religious institutions and governments are flawed but they have strings if society works better when you do not put o and mpletely in charge j. complete government run the economy is a disaster a little less clear the market although we do not have one we hav a mix alrea but acknowledging theris soiething positive abt the mix even if the government policies are not of double or people behavior rational and is nice to have different forces a n evything determined aut the prices on wall street and

with that will, sit down and we will go to questions [applause] >> this is part of the program to take questions from the audience. please notet on the blue cards that should happen on your seat and and goes to a council member to bring up. let me start with the clarifyi question previous market downturns is called a panic is this the pan of 2008? >> guest: on my blog i had a contest before last fall what wehould call this crisis and the problem was it really started in some level 2007 although i guess it went such a new level in 2008 we should ca it that of my favorite

name is one blog you're dot 10 black call's it jenga it is for you stack blocks very high then you start to pull the amount until you see where it will collapse. that will not catch on but panic of 2008 is okay. it is not bad but it is not absolute clear what the name will be. that is interesting may be because people are afraid something will happen in this year. >> host:here are a couple of questions thatelate to miltried -- milt frdman theories that are his theories essentially dead with john maynard keynes back and grow?

>> guest: ganes it is definitely back in vogue. friedman came from a bunch of places there is the libertarian and in some cases freedman if i had this conversation with him before he died in his apartment he had plastic over all of the furniture living on the 17th floor, at least in the living room, but he never believed the markets but he distrusted government's and he also believe one thing that hav gotten short changed and the new deal years was the idea that economic liberty, the freedom to start a business and to take rks is an important part of liberty i do think those ideas survived i also think freed men monetary

economics, and what he once did too do is replace the federal reserve with the spigot that spewed out money with a fixed rate over time, that has never really worked because it hard to measure how much money there is out there and it is unclear but the basic idea that monetary paul lacy is very important to prevent rampant inflion or deflation, that is what the fed haseen trying. it seems to have succeeded whereas john made yo keynes did not disagree he thought banks should prevent deflationary but he thought at least in a case of the thires we need more tn just printing more money we need government going on with spending. i think that is working but i don't thi there is a huge

dichotomy between john maynard keynes and milton friedman i think the super extreme version paul the rational expectation that rose in chicago basically around when milton friedman moved out to the bay area in the 1970's. that whole they is in trouble. or don't think friedman monetary policies are. >> host: terrific. there are a couple of questions that look to our ability to learn from current environment. the way to think about this have we learned anything? been at 10r 20 years for word, will we essentially repeat the same mistakes, the same lines of thinking that we are in today?

>> guest: i do not think there will be the same there definitely has been a short-term their name fat that cabe dangrous and i think that is the biggest learning so far and it would be nice if that became institutionalized as well. theyon't have the definitn how to define how dead is too much but any time over the past 25 years when y have a dramaticncrease with consumer indebtednes since the early '80s,nytime anybody worried about it everybody word abouthe hoible phenomenon there would be one econost with say that ishat the market has determined is fine and clearly at some point* that stopped being right. itas maybe in 1984 but that

is the problem it is hard to say but in terms o other lening it seems like six months ago there is a shocking occurrence and everything would change and nothing would work t same and it does not feel like that anymore. what -- wall street is back to making money and people are back to screaming at obama with health care reform and we have gone very quickly to where we were before hand. i would thinkven without any change in regulation nor government behavior, the fact there ll still be a lot of people around and active in the financial markets for the next 1015 years will keep it from happening 10 or 15 years, i donnow .