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oóó?? just yet. but folks that have come to the ballgame have enjoyed what they have seen from the temple owls the fact they have a 10-point lead and the guys have gotten involved in this game. >> steve: darrin govens is a guy who has really got to step up his game a little because the margin of error for st. joe's is not big. he is a senior. he is the one guy that has been there and been a scorer for his whole career. he has to step up or they are not going to score enough points in the second half. >> tom: lavoy allen with

5 points. he didn't start tonight because he was tardy for a film session earlier today. but did finish with 5 and his bucket at the end of the first half was a big one because it made a 7-point lead into a 10-point lead. >> steve: lavoy allen has to turn it up a notch. he has talent. he has to play a little more fire. they would help him and temple. >> he is the only change to both starting line-ups for the second half. he get as chance to start things off for the temple owls. here's idris hilliard up top. the shot clock winds under 10 for st. joseph and that will be a tip out of bounds by guzman. with 7 on the clock, st. joseph will inbound the ball on the baseline. >> steve: one thing about hilliard, tom, he is very good at putting the ball on the ground which at 6'8", that is a good skilz to have because it is

-- skill to have because it is tough for another big guy to guard him. >> tom: they find williamson a tough pass. govens for three. it is good! and darrin govens/s it home. >> steve: -- slashes it home. >> steve: temple i don't think dunphy was happy about the way they switched the screen there. >> tom: darrin govens who we just showed struggled offensively gets his first three and now st. joseph force as turnover by ryan brooks. >> steve: and govens made a very good play there. he was in the passing lanes. he forced that turnover. the ball was off the hands of brooks. he forced the turnover. >> tom: here's crosgile to the basket and michael eric says nothing doing. well he is 6'11" and crosgile is under 6 feet tall. there's a foot difference between those two. crosgile is 5'11" and michael eric is listed at 6'11".

inbounds pass to hilliard. hernandez comes out with -- fernandez comes out with the loose ball. guzman gets body position and lays it in. >> steve: good move by guzman kwlusing his bod -- using his body. >> tom: 9-point lead. govens trying to make his second three of the half and fernandez with another rebound. st. joseph you heard fran dunphy say did a nice job on fernandez in the first half. here's allen for three. no the good. lavoy allen has put that into his game this year. it is only his 13th three attempt but he has made a few this season. >> steve: and the perimeter shooting in this game hasn't been good but he is much improved. >> tom: how about that attempt by crosgile, misdirected by the two big guys. lavoy allen against o'brien. outside for brooks. never left his feet. size mismatch for michael eric. allen back to eric.

nice move turn around doesn't get the roll. o'brien nearly interfered with the ball. >> steve: garrett williamson is doing a great job on juan fernandez in this game. >> he is just a solid defensive player. >> steve: he is a very good defensive player and he knows what to do. he is not leaving him. he is a guy you can't leave alone because he is a good shooter. that is bad defense there. >> tom: michael eric will get to the free-throw line and idris hilliard picks up his second foul. you watch here how hilliard turns his head on this play and loses. just doesn't get back fast enough here. that was really bad defense. hilliard should have gotten a little help on that, especially the way st. joseph is hedging the pick-and-rolls so hard. no help that time. >> the largest lead of the night for temple. they can build on it here with eric to the free-throw line. that is a part of his game that he struggled with. he is now 6/13 this year. st. joseph immediately turns it

over. >> steve: that is the kind of turnover that would drive you nuts. phil is looking at o'brien saying come on. you can't turn it over like that. you just give up -- well, it wasn't a three-pointer. it was a lay-up. >> tom: this game has a changs to get away -- chance to get away from st. joseph in the beginning of this second half. neither team has turned the ball over. that is not surprising for temple. they only average 10 turnovers per game which is fourth best in the nation. >> steve: there you go again, tom. two things that are the function of tempo. playing slow, make the other team not score a lot, which is temple is very good at and stops you from turning the ball over. two statistics that are a function of them being a great grind-it out, half court oriented team. >> tom: makes the first free-throw here. it is a 12-point lead for the owls.

>> steve: he is really showing me something. i did the villanova -- temple game. e -- villanova/temple game. he has a bad right knew but he is really coming along. >> tom: he will check out as rahlir jefferson, the freshman checks in. i asked fran dunphy about his knee and he looked at me. he said how does your knee feel? i said for 41 my knee feels good. he said well his knee feels fine. thank you for asking. [laughter]. >> tom: phil martelli watched his team turn it over one more time. joe lindsay and phil having a conversation on the sideline. bryant irwin checks in. hilliard checks out with four personal fouls. that wasn't a turnover. they called a foul.

>> steve: yeah. picked up his fourth this early in the second half. very tough call. >> tom: lavoy allen away from the block on the left side. against o'brien. nice find. jefferson goes up and irwin is able to compensate. i watched today as rahlir jefferson works tirelessly. in fact, he told the temple assistant coach he was getting tired but worked tirelessly on his footwork and release in the paint with little short jumpshots. >> steve: he is the lone freshman that plays significant minutes for temple. only, dunphy -- obviously, dunphy thinks he is a very good player. bviously, dunphy -- obviously, dunphy thinks he is a very good player. >> tom: dunphy said he still needs to pull the trigger.

it is really common with freshmans. >> steve: especially when you are playing on a good team. that makes it even harder. >> tom: 40-27. temple on top by 13. irwin to the basket and he is fouled going up. he will get two free-throws. bryant irwin 2 years ago was the player of the year at west virginia. and he said before that he looks like a different person. folks, we don't have a split screen of last year to this year. he lost at least 20 pounds. >> steve: sure looks that way. >> tom: he has toned up and his physically a very different player. >> steve: he has been a perimeter oriented guy. he still has to go in there and get the rebound which is a big part of the game for these big guys. >> tom: he makes both of his free-throws. 16 free-throws made on the season for irwin. first points of the night and it

is an 11-point lead for the owls. >> steve: for them to have an 11-point lead with juan fernandez really having a sub par game right now, there's something temple has a little bit more. >> tom: is garrett williamson has done a very good job on juan fernandez this entire game. a tough battle for the loose ball. irwin and allen in a tie-up and it will be a jump ball. possession remains with temple. we are at 16 minutes left here in the second half. >> steve: the one thing that has been very easy to see in this game is fran dunphy's strategy is get the ball inside. because they have really gotten it in there a lot. >> tom: and it is not only lavoy allen, but obviously michaeler rick has been a guy they -- michael eric has been a guy they want the ball into. a size mismatch with irwin and they will go to the free-throw

line. >> steve: michael eric is sheeg lot tonight. great moves in the post. this is really bonus if they get this kind of play out of him. y(y(y(]] @ @ @ @ @@@

h @ @ @ @ @ @ @ @ great moves in the post. this is really @@@@@ l l h h h h h @@@ @)®à®à®à@a coaches at st. joseph university and the fact he is second in wins to bill ferguson say as lot about the length of his tenure and the success. >> steve: he is 27 wins away from a guy who has coached ten more years than him. he is going to be the winningest coach in the history of st. joseph. he has done an unbelievable job. he got to the final 8 and lost to oklahoma state on a tough play. i will never forget the great shooter. i'm losing it right now. >> tom: jameer nelson? >> steve: no. the lefty. carol. >> tom: yeah. matt carroll. >> steve: he misses it and lucas

makes a shot from the corner. if he stays home and doesn't dive maybe he is on him. who knows. that is how the game goes. >> tom: jameer nelson had the open jumpshot as seconds wounds off. that was a heck -- wound off. that was a heck of a ballgame. that team by the way was voted by sports illustrated as the team of the decade. >> steve: you get a small catholic school that goes to number one in the country. those two guys are great players. both delonte west and jameer nelson, a lot of big schools passed on those two. that was good recruiting. >> yep. juan fernandez missing his 6th shot of the night but lavoy allen is there to clean it up. >> steve: there was nobody there putting a body on lavoy allen that time. >> tom: cross griel trying to answer -- crosgile trying to answer. o'brien left side of the lane.

here's irwin. they are dribbling right into traffic. >> steve: they are making a lot of bad plays right now. from not boxing out on one end to coming down on the other end. stuck in bad spots. right now, phil good time-out. crosgile took a bad shot. >> tom: 14-point lead for the temple owls. they are forcing some turnovers for st. joseph. not only that, they are cleaning up some missed shots. how about lavoy allen getting we got the spirit, we're hot, we can't be stopped! we got the spirit we're hot we can't be stopped! we gonna beat 'em and bust 'em, both: beat 'em! bust 'em!... announcer: the smallest moments can have the biggest impact on a child's life. both: let's. get. a little bit rowdy. r-o-w-whoop-d-y. announcer: take time to be a dad today. one more time. both: oh those boys are much too much, those boys...

wswswswswswswswswswswswswswswswswswswsws >> tom: there's such a great tradition of basketball here at temple. i love the players. we just saw number 12 the head coach. bill as well in the 50s. >> steve: the owl with the vowel. [laughter]. >> tom: and you see mark. he and his squad beat la salle the other night. he was an assistant here with john cheney after being a great player and now has taken over a binghamton program that has been maligned with one issue after another. they had a big win against la salle. >> steve: that was a great win. mark is doing a very good job. >> tom: the forced pass is cut

off by darrin govens. jones for three. no good. irwin with the offensive rebound. puts it on the floor against lavoy allen who swipes it away. that is just scratching the surface farce lavoy allen is concerned. -- as far as lavoy allen is concerned. he is a very talented big man. fernandez still looking for his first bucket of the night. michael eric has a career high 14. he is fouled on the baseline. >> steve: and forenan does, nothing close. his shot -- fernandez, nothing close. ernandez, nothing close. his shot -- fernandez, nothing close. >> tom: i didn't know his father was a great player overseas for

17 years. won five different titles. that is some pretty good genes right there. >> steve: you talk about a kid watching basketball for a long time. >> tom: he nearly had his first point and allen again to clean it up. >> steve: there was something subtle. that was a nice left-handed finish by lavoy allen right there. so, he does all this. you would third quarter see it happen a little more often. >> tom: lavoy allen points there give temple a 20-point advantage in the paint over st. joseph. 28-8. prescott for three and it is good. that will stem the tide a little bit. >> steve: you are seeing the things that have bugged st. joe all year and bugging them tonight. when you play against a tough front line that makes it tough for a team that doesn't rebound the ball well. >> tom: guzman along the baseline. good defense by baptiste. it was allen there to pick up the loose ball. a tough pass and a turnover. so, st. joseph will get it back.

under 13 minutes to play here in the second half. >> steve: i will say phil martelli is a little surprised by how effectively the front court of temple has played. they have done a great job on fernandez and brooks. a he knew lavoy allen was a good player but the eric production -- productivity tonight has been a surprise. >> tom: do you think on the flip side do you think fran dunphys that gotten that production. >> steve: he sees him in practice every day. >> tom: jones pulls back and resets the offense. off the screen by baptiste. no good. he made one three earlier in the half. >> steve: still shaking his -- phil is shaking his head to take a three like that off the dribble is a hard shot to make. a little bit of frustration.

>> tom: deep with the rebound off the miss by allen. now st. joseph has numbers. fernandez falls to the floor and govens will head to the free-throw line. >> steve: good attacking move. you had everybody pack pedaling. height -- back pedaling. guzman is. tough to stay in front of a gay when he is going with that -- guy when he is going with that kind of speed. >> tom: govens who on the year is close to an 80% free-throw shooter. misses the first one. craig williams checks into the ballgame for rahlir jefferson. govens averages just under 13 a game. that is just his 6th point of the night. as you said, this is the start

of the atlantic 10 regular season. and the season will culminate in atlantic city with the post-season tournament which temple has won the last 2 years. that is a beautiful give-and-go by ryan brooks and lavoy allen. >> steve: he just passed the ball and cut to the basket and get as wide open lay-up. >> i think he was surprised he was open that much. 14-point lead for temple. 47-33. 11:30 to play in the first half. the a-10 had a very good non-conference year and there are some games still to be played. but they are number 4 in the rpi as a conference. >> steve: you are talking about top this teams maybe -- 4 teams maybe in the ncaa. they are four teams with a legitimate shot to get in the

ncaa tournament. with plays like this, great play and a great x

first half. they lead it by 14, 47-33. a couple of the reasons why are a couple of the guys we talked about in the open. st. joseph has quieted juan fernandez but they haven't been able to slow down ryan brooks or

lavoy allen. >> steve: no. considering lavoy allen didn't start the game and sat out the first 5 minutes two of those three have done very well. but also, there are five guys playing defense which makes it difficult. getting productivity from brooks and lavoy allen. >> tom: ryan brooks came in averaging 15.5 points per gaim on his way there -- game on his way there. and lavoy allen obviously is right in the neighborhood of his average. craig williams substitutes for michael eric with 11 minutes to play here in the second half. allen against baptiste. lavoy allen so fluid, draws the foul and we will go to the free-throw free-throw. >> steve: tough match-up for baptiste there because lavoy allen has pretty good feet. he can put the ball on the floor and get to the basket. baptiste has to move his feet a little faster than that. he is a high school guy used playing in the low post and not used gartding somebody off the -- guarding somebody off the

dribble like that. >> tom: baptiste is a good-sized kid. he was a let get as they say in college basketball for phil martelli. he will evolve into a good inside player. >> steve: he has to work on his offense a little bit. he doesn't have the confident. the more experience these guys get, the better they are going to be. >> tom: 15-point lead. allen trying to extend the lead. he does. 49-33 the score. under 11 minutes to play now in the second half. govens covered by ramone moore. two philadelphia kids going at it. govens is from chester but it is a suburb of philadelphia. govens, former player of the year in the state of

pennsylvania. williamson picked up by williams. shot clock under 10. garrett williamson to the basket shot blocked by williams. open for three, can't get it to go and the rebound by govens. >> steve: had a lay-up and decided to dribble it out. >> tom: looked like there were two guys covering him that is why i thought it was the better decision. you see things better than i do. >> steve: i don't know about that. [laughter]. >> tom: here's allen to the basket and he decides to lay it in. >> steve: we have seen a couple of guys swoop to the basket like that. >> tom: yeah. 51-33 the score with 9:52 to play in the second half. phil martelli calls the time-out. it starts with defense when it comes to the temple owls. >> steve: this is a very nice blocked shot you will see here.

garrett williamson getting to the basket. great block by williams. and great rotation by craig williams. he blocks the shot and rotates inside to make the steal and the swooping finish. >> tom: lavoy allen last year sported a mohawk for a good portion of the season. just a little symbolism. they wanted to change things up a bit. this is a kid who started playing basketball very late in his high school career. he has really turned into a pretty good player. you see the shooting percentage. st. joseph under 30% for the game. >> steve: they were in the game in the first half and just faded in the second another game

against purdue and minnesota. they just died. >> tom: princeton, too. they just couldn't hold on to the lead. shot clock under 10. garrett williamson finds bab 'tis and that is a good find. >> steve: good finish. >> tom: 51-35 the score. first bucket of the night for carl baptiste. >> steve: i'm amazed at st. joe's. may played well offensively, averaging 72 points a game. how do they score 72 a game. because they are really not a -- they have an inside guy who scores a lot but they spread it around pretty good. they have to pick it up on defense. that is the key. >> tom: if not, lavoy allen will continue to do what he has done. he has basically taken over offensively. >> steve: he has. they don't have a big physical

kid, st. joseph. to really go up against a guy like lavoy allen. he is an all-atlantic 10 player. >> tom: lavoy allen was picked as the preseason first team all atlantic 10. jones goes to the free-throw line after the foul. he makes the first. carl jones had 17 points against princeton in the loss by st. joseph in their last ballgame. but has just 2 points tonight. heard so much about how good a three-point shooter he has been in the non-conference schedule. >> steve: had some very good games. >> tom: he makes both free-throws here. he will check out. crosgile will check back in. temple leads it 53-37. we are live from philadelphia pennsylvania. the liacouras center. the home of the temple owls. i'm tom tom mccarthy.

ryan brooks cans the three. the owls turn back the clock a few weeks ago and played across the street to a sold-out crowd. >> steve: that was not a fun place to go as a visitor. i was there a couple of times. that was always a tough building. >> tom: i thought it was pretty neat from a marketing standpoint to pack the place with more than 4,000. wore the old temple uniforms gold and green. i hope it is something they are able to do at least once a year. >> steve: bowling green didn't score a lot of points either. [laughter]. >> tom: no, they didn't. under 8 minutes to play 56-37, temple on top. and a steal by st. joseph. and crosgile gets the pass back from govens. >> steve: still a team very

aggressive on pick-and-rolls and very aggressive on dribble hand-offs, looking to trap those also. that turnover is a result of a very nice jump on a hand-off. >> tom: ryan brooks gets the step on prescott. he asked for help, nothing there. misses the shot and here's williamson. >> steve: they got very lucky there. >> tom: very lucky. >> steve: good job by lavoy allen rotating. >> tom: that is why you need to get back on the defensive end. so many things can happen as you just saw with lavoy allen. one of the biggest guys on the floor. he was one of the first guys to get back. temple running some clock. mismatch with the size and moore gets continuation. they are allowing that more this year in the college game the continuation we see a lot of times in the professional game. temple in control as the clock winds down towards 7 minutes. phil martelli will use the television time-out to try to

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icked to finish 5th in the preseason coaches poll in the atlantic 10. tied for fifth with duquesne.

dayton picked to finish first and xavier is always in the mix. richmond had a big win over florida. they were picked to finish third. >> steve: you talk about dayton xavier they had a tough loss against butler, richmond. dunphy and jim, look like a two-man race for coach of the year award. >> tom: yeah. >> steve: picked 8th and they are 12-1. they are getting ready to get ranked too. those are two guys that have done probably the best job. many people thought dayton was going to be good obviously. but fran dunphy and jim are doing good. >> tom: jim barron lost his son jimmy. and i didn't know where their

offense would come from. they have reloaded so nicely over the last few years. maybe this is the year where they will be able to keep it going. [audio indiscernible]. >> tom: govens tried to force the shot as the shot clock was winding down. phil martelli wanted a little more out of that offensive set with his team down 59-39. crosgile on ramone moore. >> steve: fernandez and jones. he is a big guard. jones is a lot of mismatch. st. joseph is a very small team. >> tom: here's jones running it out against fernandez. he got body control perfectly to draw the foul. >> steve: he is a good offensive player. that was not a good foul by fernandez. if you are going to go near the guy, you have got to really -- i'm not saying intentional foul

go to hurt him. that is really not a good foul. >> tom: jones converts. i marvel any time i see numbers like that from a scorer on the high school level. just not a whole lot of time in high school games to put that kind of points up. >> steve: he had a pretty good game against villanova. >> tom: he did. so the foul will send jefferson to the line. personal foul on todd o'brien. the third. jefferson to the line. another one of the chester products is todd o'brien. jefferson from chester high. darrin govens from chester high school. guzman checks back in for

temple. and todd o'brien checks out with three personal fouls. baptiste checks in for st. joseph. jefferson with his fourth point. at what point in a basketball season is jefferson, crosgile from st. joseph and jones from st. joseph at what point are they no longer friends? >> steve: you know, halfway through the year. it is a lot easier for rahlir jefferson because his performance is probably only going to help -- he plays poorly, they take him out and they could still win without him t. problem for st. joseph is they need some of these freshman to play well in order to win. that is when it becomes tough having freshman. >> tom: i thought that move by baptiste which was blocked away was a nice move. he just couldn't finish it because those guys are so long inside for temple. 61-42 the score. 5 minutes to play here in the

second half. the opener of the atlantic 10 regular season for both of these schools. fernandez finding allen with the shot clock down 5. gets his own rebound. up with his left hand and baptiste with the rebound. now jones one-on-one with fernandez. that is a nice move. >> steve: very good move. nice finish. >> tom: phil martelli calls a time-out. his team has pulled to within 17 with 4:42 to play in the second half. >> steve: fernandez hasn't scored a basket yet. and here's in transition defense, not great body language right there. i don't know if maybe he didn't want to foul because they are up by this many points. it is possible. i saw him against villanova have and had 33 points and he was unbelievable. i have to think for fran dunphy's team to have a great year, they need their big three every single game.

>> tom: he hit 7 threes against villanova in that victory. in the three lossings for temple coming into this ballgame, he was 3/15 combined from outside the arc and 7/33 overall. fran said today if we are going to make a run, he needs to have those kind of games against the really good opponents. >> steve: right. this is the first game where really they are playing poorly and they have a chance to win. but they are also playing a team that has been struggling. so can he get away with this against the daytons and the xaviers and the rhode islands of the league. i don't know. >> tom: holding the opposition to 56 points her game on average. they ever -- per game on average. shot clock at 25 they set up their offense. here's brooks against his former high school teammate, garrett williamson. that has to be odd when you play so long on the high school level with one guy and then play

against him on the collegiate level. i guess it happens a lot in philadelphia. >> steve: it definitely does. i'm sure it is a little strange. >> tom: guzman fires with three on the shot clock, no good. fernandez gets the rebound. 4 minutes to play in the second half. >> steve: 16 offensive rebounds for temple. >> tom: brooks draws the defense. williams for three. he has been off the mark in this ballgame. but again, another offensive rebound for the owls. 17 offensive rebounds for temple. >> steve: rebounding is a very difficult thing to answer. phil martelli said we have to improve our rebounding. he does them all. guess what, they just don't have a very physical team. especially inside. >> tom: that is a great pass by williams to lavoy allen. he wasn't getting greedy but he wanted the points. allen was in the right spot. >> steve: they were going to

double williams and nobody rotated to lavoy allen and that is why he ended up getting the wide open dunk. >> tom: a 19-point lead for temple. this has been a workman like outing for the temple owls against st. joseph. >> steve: you talk about grinding it. this would qualify as a grind. >> tom: jones for three. no good. rebound by allen and he has put himself in position for a double-double as this second half has rolled on. temple has won 6 straight against st. joseph. and they are on their way to their 7th consecutive victory as they lead it 63-44. lavoy allen has taken over in this second half. he has been helped out by his teammates but he has finished.

nneneng?gc0tówk÷=c >> tom: well, the temple band here at the liacouras center. trying to keep this crowd excited about what is happening this season for the temple owls and in this ballgame. it has really been a runaway in the second half. fran dunphy's team has not only played very good defense, but they have gotten some good interior play by lavoy allen on the offensive end. and we have kind of spotlighted what allen has done in the second half, he has 17 points overall and 8 rebounds. how about the job that the perimeter defenders have done for temple against the st. joseph guards. >> steve: you know, st. joe's is

going to have all types of trouble winning because they can't rely on the young kids. hilliard non-existent. he got the fouls. so, when you get hilliard and govens not playing well, that is going to happen. >> tom: 12 toefs now for st. joseph -- turnovers now for st. joseph in the ballgame with 2:15 and counting to play. here in the second half. idris hilliard. darrin govens and garrett williamson have combined for just 15 points for st. joseph. now to put it into perspective, they average 33 points as a trio. prescott with a nice steal and the bucket. phil martelli continues to coach. he calls the time-out as he wants to bring his team over for some instructions for the final 2 minutes. he also wants to let -- >> steve: he is instructing mike eves too.

[laughter]. >> tom: yeah. there's the distribution for the hawks tonight. 28 points from the backcourt, 16 from the front court. hilliard only has two of those 16 points. >> steve: and it is not like you could say the backcourt is playing that well. but that really goes to show what we talked about earlier the team is really a backcourt oriented team and they need to get -- if it is going to be backcourt oriented the backcourt has to play better or the front court has to start producing a little more. >> tom: so, 1:55 to play here in the second half. it is a 20-point lead for temple. 66-46. i'm sure you have had teams like phil martelli where you are playing three freshman a significant amount of time. a transfer in todd o'brien there in the background, wearing number 2. the expectations are though as the year moves on you get better and you find the mix and maybe make a run at some victories going into the a-10 tournament or a post season tournament. >> steve: yes.

that is why he is coaching the way he coaches, calling time-outs, talking instructing because he feels like these guys are going get better. that is what you get paid for and every coach comes into practice and says today we are going to do this and get better at this. that is what keeps you going all year. so, of course phil believes that and we will see at the end of the year if they do, in fact, improve. but this is the kind of guy who has always had his guys improve as the season goes on. >> tom: no question. his last losing season was the 99-2000 campaign. he has had some very good teams over the last decade. lavoy allen along the baseline with the shot clock under 15. >> steve: if in fact they are not going to have a great year it becomes a lot harder when you have had of the success of phil martelli. it hasn't happened to him often. >> tom: lavoy allen with 19 points now and 9 rebounds. thanks to that one right there.

he will go to the free-throw line to try to make it a 20-point night and he didn't start or play the first 7 minutes or so. >> steve: not good defense on the ball there by jones. he has got to really be able -- if he is going to be smaller than the guy he is guarding, he has to be able to stay in front of him. but that drive really set that up. >> tom: a. j. rogers checks in for st. joseph. lavoy allen with a 20-point night. >> steve: he is one of these guys, tom, i know he is sweating. -- >> tom: very fluid. officially now he is credited with a double-double. that rebound turns out to be his 10th. prescott for three no the good. allen with another rebound. that is number 11. and fran dunphy calls a time-out because he wants to get another player into the ballgame. he wants to get scootie randall into the game. sophomore from here in philadelphia. fran dunphy and phil martelli

have been very close friends for a very long time. they have had some very impressive hard-fought battles when fran was at penn and phil was still at st. joseph. fran also sends t. j. dileo into the ballgame for the first time. they don't like facing each other. i'm sure you went through that too when you were in the big five and villanova. >> steve: yeah. fran dunphy is a great guy. we are all friends. it was always -- >> tom: thank goodness it was over. >> steve: we like it much better in the spring and summer. [laughter]. >> tom: 71-46 the score. time will wind off the clock as we are under 40 seconds to play. >> steve: flag golf with done -- playing golf with dunphy i have to get both these guys down to jersey shore so i can get some of their money down there. >> tom: you need a fourth. >> steve: yes that is not far

from you. [laughter]. >> steve: get you out there. dunphy is really good player. me and phil is a good match for each other. >> tom: i can carry your bags. lavoy allen's night is done. fourth double-double of the season. temple adds another bucket. they lead it 73-46. under 20 seconds to play. crosgile is fouled as he tried to get the pass to chris prescott. and khalif wyatt is in the ballgame for the first time. another freshman from norris town, called for the foul. and rahlir jefferson checks out. 17 seconds to play. crosgile for three. no good.

temple with the final rebound, the final possession. and they are going take their first game in the atlantic 10. their 7th straight victory over st. joseph. and they will do so by a final score of 73-46. well, a lot of work to be done for st. joseph to get back on the winning side. meanwhile, fran dunphy's team responds quite nicely after the loss to kansas. >> steve: they really did. they played very solid defensively. 19 offensive rebounds. that is playing on the glass. and that is what they have to be. they are a physical, grind it out team. possession by possession. but they do it very well. they make it very hard for you to score. and they do enough offensively to be able to win. especially when you are holding people down. >> tom: there's a lot to be optimistic about here after temple university. it is their 12th victory of the year. 6-1 at home. but also, lavoy allen now has four double-doubles this year. but tonight, it was workman like tonight the way he sort of e vol

of offed as this -- evolved as this game moved on. >> steve: the game comes very easily. he -- doesn't make a lot of mistakes. he just does what he can do. he took a couple of jumpers maybe he shouldn't have taken. other than that, he gets rebounds and plays defense and the game comes easy to him. a little more fire, he is even better. that is something i will ask dunphy about. he has a lot of ability. maybe a little bit more. maybe that is just how he is. >> tom: speaking of fran dunphy he will join us momentarily. the owls lead it 73-46. stay with us. the head coach of the temple owls will join us when we

[vibrates] g morning, sunshine. wakey, wakey. text me back. [chattering] [vibrates] hey. did you tell your parents about us? let's skip first period together. did you get all my texts? is practice over yet?

where you at? are you with your friends? that's laaaa-mee. capital "x," lower-case "o," capital "x," lower-case "o," i love you. jk. i hate you. jk. are you ignoring me? we're in a huge fight right now. is it something i did? i can see your lights on. i'm coming over. this isn't a joke. what did you dream about? [overlapping] is it me? i'm lonely. holla back. holla back. let's try something new. nude pics. send me some. text me. ñ?w er of the atlantic 10 season against st. joseph here in philadelphia at the liacouras center. joining us now is the head coach of the temple owls fran dunphy.

fran, i know after the game against kansas, you were probably hoping that your team would respond in the opener to the a-10. did they respond the way you wanted them to? >> i thought defensively we played very well. you get a night like tonight where fernandez doesn't get any points and that is going to happen to us. i give st. joe a lot of credit for that. everybody else kind of contributed in some small way. that is a big help. michael eric gave us some nice minutes. >> steve: i know the benching of lavoy allen was because he came a little late for a meeting. did it spark him tonight? >> we may try that again in the future. [laughter]. >> i may tell him to come late or leave at this time way it is. >> tom: you have to tell him to bring you something if he comes in late. >> yeah. >> tom: we talked about how well

lavoy played in the second half. you forget how well your guys played perimeterly. >> there was another jumper i think maybe by prescott where we didn't hedge out a little bit. otherwise i was pleased with the way we defended on the perimeter. >> steve: does the game come easy to lavoy allen because he doesn't make mistakes hardly ever. seems like he is always in the right place. >> he is really really good basketball player. i wish he would turn it up one more notch. yet,ly take what i get. -- yet, i will take what i get. defensively especially where he is very seldom out of position defensively. he is really good guy. again, we will see if we might bring him off the bench. >> tom: game one is in the books for temple and st. joseph. thank you for joining us, fran. >> my pressure. >> tom: the head coach of the

temple owls. his team wins it convincingly tonight. thanks to that guy who had a double-double. 73-46. we will be back after these / go get it. [tires squeal] oh, come on, randy! animal shelter, here i come. and no, i'm not crazy or emotionally damaged. that's a stereotype. i just belonged to a total loser. i'm a good dog. so if you want a pet, adopt. and if you see randy, tell him he dropped his wallet. [grrr] [ruff]

>> tom: well temple wins it 73-46. two old friends, embracing at the end. and take a look at the numbers. 44.6% for temple. just 31.5% shooting wise, steve for the st. joseph hawks. >> steve: take everything else and throw it out the wind doe. 39-45 on the glass. -- 29-45. that is about it. >> tom: a lot of offensive rebounds. for our entire college sports crew i'm tom mccarthy. for the latest atlantic 10 scores, news and highlights log on to atlantic 10.com. this has been a presentation of the cbs college sports network. thank you for watching everyone.

so óóó on the ice. alex the great ovenchin. and why fame and fortune has not changed him. and paying tribute to a man that taught everybody about the game. >> and then a dream comes true for one high school baseball player a story that will warm

your heart holiday season. >> hello and welcome to this special edition of net impact. i'm art fa nel. this is the best of 2009 report where we look back at some of the stories that touched most and kept us talking. like the first report that we called a father's tribute when we went under the lights on the biggest stage in major league baseball where yankee catcher jose molina could not help but reflect on the death of his father. this year was particularly emotional for all of the brothers. we begin the coverage of a truly remarkable story. >> they are the quintessential baseball family, the molinas ben gypping jose and yadar, a

rare feat three brothers playing ints. the backbone is gone. ben molina santana passed away at at the age of 58. >> it is like somebody take your heart and threw it in the trash. >> his passing was stunning between games of a youth double-header. games played on the feel where he built them from scratch. >> he had high blood pressure and he wasn't taking his pills and he was going to the fields andmaing it. all of it got his blood pressure off and that's when he had the heart attack. >> the funeral within the community where he lived. >> it was a major thing seeing 3 or 4000 people in two or three days showing respect, the most

respect that they have for my dad. you have to be there to know how the kids were crying. i'm talking about nine, ten years old. >> my dad was a great man. he tried to help the little kids and got a bunch of teams. >> he died doing what he loved. he built that field literally. to die there was a special moment for him. >> a special moment as a special place, the ball feel which is such a community landmark and it's street builds the architect's name, it was on that field that a father taught his three kids had to play the game and how to live life through the game. >> he teach us about be a good player every day and try to be better every day we became a man through baseball. he wasn't only baseball, he was the others things first like during the school, doing your homework and don't do drugs and

don't do this. and then you play baseball. that's the way he taught us. >> among the invaluable life lessons, the importance of sacrifice. little known fact, ben molina had the chance to personally blaze his son's trail to the big leagues about the time benji was born the hitter in the amateur league was offered to try out with the briars and his decision to raise his family at home might be the reasons his sons make their living behind home. >> he is a very strong guy. he had a lot of respect. he worked from five a.m. to 3:30 every single day for that m years. to tell you the truth i never heard him complain once. i never heard that man complain one time of taking us to the field. >> he always had a smile and he was always there for you and his

heart just -- the way my dad was, the tissue, everything, gave you everything he had for his family. >> now, as we approach the one year anniversary of his passing the mo lipa brothers celebrate his father. they look at the letter he put in his casket. >> it will be a tough time without him and that i love him very much. >> benji channels his father's spirit by putting pens of words in a poem. >> thank you for loving me more now than ever you are who i am today, you make me in soul, now it is my turn to love you, rest in piece. i love you. >> of course the season had a

bitter sweet ending for jose the yanks would go on to win the world series and with that win jose picked up his second world series ring, he received the first one along with his brother ben gypping with the and gers, his brother yad dar won a ring with the cardinals in 2006. of course the entire baseball community in the city of brotherly love was saddened this year with the passing of one of the game's great announcer, hall of famer harry callus. he was one of those class acts that for so many of us made the moments on the field magical. derrick gunn reports on the voice we lost. >> this afternoon at a little past 1:00 p.m., harry callus passed away at the age of 73 a day that will live in imfa knee

in philadelphia. >> this ball is out of here!. the philadelphia phillies are 2008 world champions of baseball! >> a voice so distinct and recognizable emma knitting from a man that ca necked with fans throughout his career that took him from hawaii to houston to philadelphia. >> harry always had time to sign an you to graph, he always had time to take a picture with a fan. fans could would come up and hand him his cell phone and ask if he would record his outgoing message. >> you have reached kathy and kevin and they are not in writing now. >> it is out of here! >> it is a voice that provided the sound track for nfl films for 34 years. >> whatever we asked for harry delivered and he did it on the spot, he would would hand him

the script and we expected perfection and got it. >> we got the ball back in 57 seconds, a chance for both teams. >> upon the news of his passing, fans in philadelphia create add make-shift memorial outside of citizen's park with candles pile out. the phillies flag flew at half-staff. >> i literally grew up only listening and knowing the voice of harry callus for the phillies. >> the thing about it is that he probably passed up in the booth the way -- being in the place that he would have loved. >> thankfully we have his voice to throw back in the vcr and listen to he will be missed. he was a great person. >> less than a week later thousands took part in a public meme for harry inside of citizens' bank park family and friends came out to pay their

final respect to the philadelphia icon. for all of us i believe i can look up and say harry thank you for entering all of our lives and making them better and our prayers are that god's love and grace will you with you and your family forever. [applause] >> sanedoff so grand it had only been done on the baseball diamond two other times. for babe ruth and for legendarychart broadcaster jack carr. >> i'm a phillies fan that is feeling a tremendous loss today. i got to know harry when he first started broadcasting phillies game in 1971 and i was a 9-year-old fan tuning in. that is when i met the voice. >> the phillies organization is honoring his memory with patches on the uniforms over their

hearts. a broadcast booth is now named in callus' honor ant 7th season stretch featuring a song that allows harry's voice and personality to take over. >> when you are done look around. he had high hopes. >> so while the city of philadelphia and its baseball team and football fans across america may have lost the voice, they will never forget it and as the tribute continues on the impact of harry callus the broadcaster and the person will never subside. >> in a world away, two nfl players on a humanitarian mission literally save a little girl's life. >> i couldn't believe what was happening. >> you will hear the inspiring all

of their lives. >> one story inspired all of us to do better. what started out as a humanitarian mission to africa for two nfl play earths from the chicago bears ended up in a life saving mission. from sports net chicago, here is dan higgins with the story we called gridiron guardian. >> i think god has put people in the right time and place for things like this situation like this. we didn't pass the buck. >> two defensive line men and two teammates united in a goal to establish nfl supremacy. away from football there's another purpose that unites them. in a place a world away from soldier feel. >> during the off season the two bears were joined by teammate tommy harris on a special trip

to nigeria for willie and who say born in to royalty, the africa journey was a home coming. >> this trip was two fold we wanted for have a football camp where we were teaching nfl style football to youth and have a mel clinic where we were servicing world cities in -- outside of laos and the capital of nie jarya and it worked out well. >> they don't care about the football side. it is more like our sons are back. they are back from the united states and their long extended visit and they are back home and we get that kind of love and it is hard to explain like a love that a mother has for their son and the whole country has it for us. >> our every day life, it doesn't matter who we are and where you are from and what you v you can all do little things to impact somebody's life. >> through football, wally and

izzi can make an impact on countless fans but during the trip, there was one child who made a huge impact on them. a 4-year-old lady named shakier asman. her smile and behind that was a sick girl in desperate need of health. she was born with a life threatening defect, a whole in her heart. as words spread about her condition an organization called the heart gift foundation was is able help but there was a page snag. airfare to the united states was not part of the funding. >> i was like it can't be happen tog this girl. so full of life, even when i wrote a letter, i said she is full a life. i started talking to people and fortunately, i met this

councilwoman who happens to be wally's aunt. she said my nephew who plays football in america is in town and he will step in and want to do something for you. >> wally's aunt came up to me and told me about the child and the situation and spoke with the mother and it was just when you look ate, it is a no-brainer beautiful young girl and just needs the operation to get on the right track. >> both wally and izzi pulled their resources for the flight that saved her life. they made the trip to austin, texas, the home of the heart gift foundation where saving children's lives is the people they are in. on april 13th, surgery was

performed to correct her heart. >> i was grateful. i couldn't believe what was happening. is this a dream? is this reality? >> shagoom is healthy and vie want the girl now with the help of everybody involved including two men with big hearts who saved the heart of one. >> we are the ones that received the blessings to touch this young girl's life and try to make a difference, to be a part of something so positive. they were the ones that walked away feeling like wow, it gives us a perspective on life. >> a fresh perspective on life also applies to my report on herb luck a forming runningback with the philadelphia eagles that now run force god. i traveled with pastor luck to africa where he runs a humanitarian mission called stand for africa and it stand

for food and clean drinking water for africa's people. the former 32 on the field has now been back to africa four times doing what he calls god's work. >> you know it is not just the professional athletes that are teaching us about teamwork and core and and in spa ration, all you have to do is take a look at this story that involves a baseball player and a team that changed what the word winning means. mindy report reported on a champion's heart. >> spring a time for new beginnings, a familiar warmth of the sun on your back as many discover the love for the outdoors. in carmel california a town with roots as deep at giant redwoods, one day the spring was

different than the rest. meet women rudolph, team manager for the carmel high school baseball team. >> very positive polite and cracks funny jokes. >> kind of makes his own path in life. he has done it with a certain amount of creativity. >> he is a good catch. he listens and he is a teenager and he is a great kid. he loves life. >> will rudolph has a taxya, a mild form of sa rebbal palssy. a limitation with debilitating results potentially. over the years chores have become tougher he has managed to stay focused on one of his true loves, baseball. >> made a do donation to

children's make-a-wish foundation. >> my illnesses not terminal. but getting in a ballgame will be true. >> my junior and senior year, i watched games. >> nothing could have prepared will for what was in store. the bottom of the 6th inning of carmel's final game of the season and will's dream was about to become reality. >> from the second i heard the coach say number 30 for 14 my eyes welded up and i started to cry and i was like his dream was coming true. >> i haven't been on the field in an actual baseball field in the game since i was like 8. i was pretty happy then. the coach was cool enough to put me in the game. >> will was just pinch running at 3rd base.

>> i said you are not going to run. >> the crowd was going crazy chanting his name. >> with cameron was in position a father was ready to catch a special moment for his son. >> my perception of what i should be doing ant angle i should have on the shot and how do i capture it the first time on the field. >> what happened next was something all in attendance will never forget. >> before the play actually i thought about it they hit the ball to me and what was i going to do and it came to me and i cannot -- i actually paused for a second while i was running to 1st base and i was praying that he would throw me out instead of

will. >> running. thought they had an easy play. >> i tooked a look from 3rd base and i pointed at first. >> i was going to throw it from home but i don't know, something in my heart told me that was not the right thing to do. >> that warm moment of mutual respect and sportsman ship create add memory that will last a lifetime. >> truely, i didn't stop crying until pretty late that evening. because i saw him get lifted up and it was just a dream come true for my child. >> while the run was one of many in carmel's easy's run no

scoreboard could measure the impact it had on a young man with a dream. >> it's such a small thing that he wanted. after everything he has gone through to make it happen. it was the most wonderful moment i have had. >> both the coach to know my physical limitations and still put me in, that is amazing. >> to realize that t t t t t t t t t t t t t t t t d what did she say? she said whatever. she says that all the time. [click] what's that? hello? [dialing beeps] i'm on the phone. [dialing beeps] mom, i'm on the phone! hello? i'm on the phone. mom: who's this? it's me. i'm on the phone. mom? oh, you're on the phone. all right. mom: sorry! sorry. sorry. anyway-- who are you talking to? kelly? mom! all right.

announcer: you don't have to be perfect to be a perfect parent. there are thousands of teens in foster care who would love to put up with you. so my uncle calls and he says he's dizzy and he's losing his balance. so, i'm like, "unc, you want me to take you to a doctor?" he's like, "nah--i'm going to look up the symptoms." i said your symptoms are, you're dizzy and you're losing your balance. so he says, "i can't get on the internet because my arm is numb." i said, "well, use your good arm and dial 911!" comedian: stroke's no joke. if you or someone you love is showing symptoms of stroke don't wait 'cause it might be too late. dial 911. time lost is brain lost. >> and still to come on this year's best of net impact are you ready for some racing? >> all right. here we go. more laps. my man dillon berger, we will go behind the wheel to show racing fans what it is like to go 120

miles per hour. stay right this because net impact is coming right back. >> welcome back to the best of net impact 2009. >> you may remember our report on washington capital's alex ovenchin a player loaded with family and forks he has major endorsements and commercials and his own clothing line and that's just for starters. earlier we asked the hockey superstar if he is overwhelmed by all of his success. >> in washington it is a pretty cool thing. you go in a shop or you buy some stuff and shopping and people just say hey alex, good game last night, critical game. it is very fun. >> one more interesting thing this tough guy on the ice actually admit that had he cries at movies. well, actually, so do i.

go figure. finally, let's have some fun some fast fun, some of the best work happened this year when our reporters got right in the middle of the action in this case, speeding through the turn at 120 miles per hour at the famous dover international speedway for chris miller it was time to start your engine to see if he could survive the notorious monster mile. >> chris miller and don knee knew birring here's dover international stairway, year two of the monster mile experience, got the fan experience and i'm going behind the wheel time to go drive. ten laps of fun, let's get it done. >> it's official, here is my pit pass and my name on it. if anything happens put it in my meme mores. >> are now a semiprofessional race car driver. and maybe by the end of the day it will make you professional. >> it's that time. got to go put on my uniform and when i come back i will be a full fledged driver, i hope.

>> hey, buddy. thank you very much. >> make no mistake, if anything happens to me, you have to explain it to my wife. >> me and your wife have it worked out. >> is that why the insurance papers are out this morning? >> i'm moving right in. >> all right. here we go. more laps. my man don new berger. >> that was a tip, for us doing 120 miles per hour going into that first turn, you feel it.

you feel it. and that was fun. that was fun. >> i can't wait to do it myself just to see what it will feel like being on the left side of it and being on the right side of it, that was a rush. that was a rush, man. that was a rush. wow! >> all right, man. let's do this.

>> it will be all right. it will be all right. >> we are ready. i am ready. all of the teachings that don gave me for the past year-and-a-half i get to a my it and go around the monster mile, they don't call it that for a reason. that's it. let's go race. [ revving ] >> donnie, how did i do? >> what do you think hot rod. >> that was awesome. >> you look good. >> turns all right. >> not bad, for a rookie you did a great job. >> the hat man, call the hat man. >> all right. >> this is one of the toughest tracks called the monster mile for a reason and it is a track you have to drive, you did all

right for your first time out. >> we appreciate it. >> i don't know if you are my backup yet but i had a pretty good job but it wasn't what i wanted to do and i thought, i don't want to do this for the rest of my life i probably don't want to do it tomorrow. i told my dad, "i want to start a brewery." i told him, "i think you're crazy." i started sam adams with boston lager to make rich flavorful beer. and he went and sold it one bottle at a time. no one had tried an american beer that had that kind of flavor. boston lager really was a groundswell.

there's that saying, "do something you love "and you'll never work "a day in your life." i don't feel like i've worked for 24 years.

financial crises it would have been better for the administration to disdain the unemployment rate could reach in the double digit figures. the third point i want to mention is the investment in human capital. we all have heard about a school dropout rates, especially in inner cities and minorities. president and the first lady as the role model and their emphasis on good education and training while a long-term payoff in terms of return to

human capital. and is likely to make a dent in the poverty belt. let's not forget that earning equality is leading to increasing income inequality. good and relevant education of the minorities and the poor will not only increase their earning potential in the global marketplace, but will also endorse to social mobility. but as i said before, but it is a long-term human capital investments coming human capital long-term payoffs and this may be not possible to observe all these data in the first term or the second term of the president obama, but the foundation for that i have not seen much being written. but this is a very important part in the label market outcome

which we are all talking about but we have lots of focus on the supply side. [applause] >> thank you very much. i want to thank all of the panels. now, i see i have an advantage over the rest of you. i've been watching. i learned from the lawyers that one must always observe the demeanor of the witness. i've been watching the witness. that line has not diminished since the first moment we opened. i also learned using that when i was an undergraduate at university of washington in seattle. my professor brought into the classroom and old trade unionist. you was known around seattle as mr. dooley.

and mr. dooley said to our class he had learned one thing about the golden rule. the tu as the gold makes the rules. [laughter] the federal government has the gold. the federal reserve has the gold. let's listen to the federal reserve. thank you very much. [applause] ..

electively emphasized, cents addressing martin feldstein's point about the capital expansion. that has greater potential. >> excuse me. you notice i have been holding up this time sign. i am going to say address your question to one of the panelists and respondent please be conscious of the time. hillam do you choose? >> allen krueger. >> that was the right choice. [laughter]

>> there are issues with the timing and you will see the nature of the recovery act change over time as more of the money goes into infrastructure spending. most of the initial money went into tax cuts in unemployment insurance benefits which jamie alluded to. but, i think you will see more the stimulus spending going into infrastructure and going into renewable energy. the vice president announced to very large grants for batteries. we eliminate some of what i consider a justified tax subsidy to the oil and gas industry, and i mean that is part of the administration's approach to an energy policy. i think you will see more of the stimulus money going towards try to stimulate jobs in the job sector. >> first off i am glad to see we all agree things could be worse

but several people mentioned that is a rapid lobar but i will point out however good the policy might have been we have also seen recoveries in the rest of the world so we have equally skilled people there. let me just point out when we'd make a comparison to germany and the netherlands germany is a country that hasn't seen its unemployment rate rise at all in spite of having a more serious downturn than the united states. the netherlands has a unemployment rate of less than 4%. i guess my question is for allen, is the administrations actively considering a work sharing policy and if not, why not? >> the answer is a lot of different proposals to try to generate jobs. we would like to see stronger job growth, better jobs for the work sharing is one of the things we are looking into. as you probably know several states, almost a dozen states have unemployment insurance

programs that encourage work sharing, but i would necessarily hold up the performance of countries that emphasize work sharing as superior to the u.s. in that ward gdp growth or gdp performance has probably been stronger in many cases so, i don't see either necessarily the ideal. i certainly would like to see more americans working but i would like to see them working full time if they want to work full time so we are focused on a lot of different approaches to try to solve the unemployment problem. one less thing i will mention the unemployment rate has increased by more than one would predict from the path of gdp and the initial projection which i wasn't part of all the note i am part of the trico process that makes unemployment projections

so it is fine to say one should be ordinal but you can't be ordinal if you have to make projections. >> i am going to say, thank you. we have one more here. is your question to be addressed to-- [laughter] >> if you use the traditional open relationship the rise in unemployment has been greater than one would have predicted from the right to gdp and try and understand why that is the case why we have had so much labor shedding as opposed to labor hoarding is an important research topic. >> alright. now, is your question to be addressed to the administration representative or to somebody else? >> to both feist chairman and secretary. >> i would say ask the vice chairman. >> okay. just about three hours ago--

surprised the audience. he said only it the feasible and credible way to fight the high u.s. government deficit is to the faults. what is your opinion? [laughter] >> i can answer that. [laughter] >> absolutely unacceptable. >> i would say it is irresponsible. for a respected member of the congress to make a comment like that. >> i say the vice chair. after all the government has a great opportunity to make a case. were you about to ask him a question? okay then one more question for somebody-- thank you, thank you

very much. [applause]

next, a conversation on the history of the u.s. federal reserve and how its mission has changed over the years from washington journal. this is about 45 minutes. >> host: joining us from his forget the carnegie mellon university is an expert on the federal reserve and its role, written three books on the federal reserve. the front page story in "the new york times" this morning is a vet ms. bubble powell licea new one? i.t. writes the fact that mr. bernanke and other regulators still have not explained why they failed to recognize the last bubble is the weakest link for more power. it raises the question why should congress or anyone else

will recognize the next level. before you answer that question was the federal reserve set up in the first place to recognize bubbles and our economy? >> guest: not at all. it was set up back in 1913 by president woodrow wilson to, under the gold standard so there weren't very many possibilities of bubbles and they couldn't do much about them anyway. it was a very passive institution when it was set up and it was set up on a program that president wilson did. the big argument was not whether we. in to have a federal reserve. the question was then and many times later who is going to control it whether it was going to be controlled will recall the politicians in washington or the bankers in the country and wilson's compromise with to make semiat thomas regional banks, 12 of them in the aborted washington that was supervising them. >> host: explain how the federal reserve works.

>> guest: nowadays it is a very different organization from the one that wilson helped to get started. what it does is it tries to control a single industry call the federal funds rate, the rate at which bankers sell reserves, supplied by the federal reserve sell back and forth to each other to cover something called required reserves. bang septuple reserves for the federal reserve and if they have too many they want to sell them and if they have too few they want to buy them so there's a market for those reserves and federal reserve control rate that market and by doing that it influences many other rates including the stock exchange and mortgage rate in silwan but not directly. >> host: it has also been dubbed the lender of last resort. where did defrees come from and how does it work? >> guest: pettis historically an old phrase that certainly goes back to the 19th century bank of england, the idea was

one there was a crisis, there had to be somebody, a crisis like the one that we just went through, when none of the banks wanted to link to each other. they don't trust each other. they are not sure what is going to happen tomorrow or the day after tomorrow so the best thing to do for them is to hold cash. there was somebody that was supposed to supply that cash. that was the lender of last resort and that job became the job of the central bank of the federal reserve in our system. in most countries of the time they started the central banks were all private institutions. later many of them became public institutions. >> host: you talk about how the fed was set up to be independent. what does that mean to be independent and how is that independents ehud within the federal reserve? >> guest: well, the idea of independence began as a gold standard so there restriction on glom what they could do but they were independent.

the main idea of independence at that time was that the federal reserve could not finance the government, that if the government had to borrow it had to borrow and pay and the central bank would not finance them because everyone knew then as they sometimes forget now that when the finance the government's bite buying its paper, they are really creating the possibility of inflation or if they fail to do with the possibility of deflationary, cell independents originally meant that they were constrained under the gold standard not to buy government debt. the idea of independence has changed many times. most federal reserve governors that is most federal reserve chairman have not been terribly independent. paul volcker was the most independent chairman the federal reserve has had and that is why he was able, the main reason why he was able to end the big inflation of the 1970's. the present federal reserve is not acting independently at all.

i.t. cop buritz with the treasury. previous vedra reserve denny in anything like this one has done. >> guest: how was the word independents dude within the federal reserve? >> guest: when i was writing my book i ask them about that. we added to our conversation about it. it is pretty vague i would say in their mind. they don't like legislating congress looking too closely at what they do but of course this is a democratic country and congress under the constitution has the right to coin money so the federal reserve as their agents. they don't like, they often cooperate with the administration but they like to keep a hands-off relationship with the administrations so they are not forced to do things that they don't think are in the public interest. >> host: i have here at the desk before me volume one excuse me but one in two of

volume two. these are advance copies. you wrote previous volume on the federal reserve so this is a three ferry link the books on the federal reserve. who did you talk to before-- for these books and what sort of access did you have to documents? >> guest: the federal reserve was very cooperative. the nummi of course for a long time. they knew i was a critic. they were very happy to have someone who was as critical as i was who would not be seen as an insider writing a history. they for a long time wanted the history to be written and they were very cooperative. they made available to me under the freedom of information act everything that i asked for and the federal reserve banks are not under the freedom of the information act but i went to new york and they cooperated with me very nicely and gave me access to everything that i ask four interviewed many of them

for the book. they were very cooperative. >> host: the first volume dates back to the beginning of the federal reserve then you wrote in one of these books that the federal reserve has not been marked by controversy in its 90 year history. there have not been any significant leaks or ethical scandals. why is that? >> guest: it azad from very early days, it is that this free décor and it just has avoided any of those candles. it has minor scandals, people leaking information once and awhile but even that has been a relatively small thing but no one has stolen to my knowledge just been a very good organization. it is considered to have the best professional economics staff in the country if not in the world. >> host: that is part of what the "new york times" writes about today in that it talks

about who serves within the federal reserve and it talks about, it is an echo chamber within the federal reserve and that is why it was difficult for federal reserve ben bernanke when they served under the formal federal reserve alan greenspan for them to see the housing bubble happening. what is your take on that? >> guest: i don't agree with that. there was a member of the board who has since died, who presented them with that information. alan greenspan himself testified. one of the mysteries of the current crisis or disgraceful aspects of the current crisis is that the congress won't do anything about what was the initiating cause of the crisis. under various administrations, a democrat as well as republican, they have tried to increase housing, and so after a while they were giving no down payment loans to people who didn't have any credit ratings.

if that is in an invitation to difficulty it is hard to think of what would be. alan greenspan among other people testified about that. mic cully get the entered prius institutes who had one time was a chief counselor and the white house and the former chief counselor of the treasury, there for a knowledgeable person about this, has spoken over and over again about the dangers coming from fannie mae and freddie mac and how buying these bad mortgages-- the government owns half the bad mortgages produce thunder bad prime loans under sub-prime loans. you know we are going to lose hundreds of billions of dollars and what does the treasury to? it just expanded the amount of fannie mae and freddie mac. it is a scandal because what we need to do is get rid of fannie mae and freddie mac. if they are going to subsidize housing as they almost certainly will it should be on the budget.

that is the white democrat governments are supposed to run. fannie mae and freddie mac are open to corruption and there has been corruption. >> host: this article notes the hostility that this increase towards the federal reserve and the chairman, ben bernanke, and so but before this hostility turned on the federal reserve when alan greenspan was heading up the federal reserve, there seemed to be admiration or reverence for what mr. greenspan would say. how can this institution be both re-aired by some people and have disdain from others? >> guest: that is easy. when times are good and things are going well, people like them. when times are bad, as they have been, people say look why is the public angry about what the federal reserve is doing? they don't like the bailouts. they don't like the fact that they are dancing money for

example to the general motors acceptance corporation called g. they don't like the idea we with man's money to general motors and chrysler. they don't like the idea that they spend hundreds of billions of dollars to aig and a say, why are they giving all this money to the bankers and the people that made the problem and nothing to us? >> host: professor there seems to be distrust of the federal reserve so can you explain how the board is set up, who serves on the board and how these regional banks are set up? some dew this institution has the secret society. >> guest: hardly. it is a lot more transparent than it used to be. in the history of central banking, up until certainly the 1930's and up until the 1950's it was none of your business what the central bank didn't they more or less said that.

they operated and did what they want to do and if you didn't like it that was your problem that you had. we are a democratic country so more and more there has been an increase in transparency. the federal reserve announced since 1994 it finally got around to announcing what its policy action was. it releases its minutes, as i said made available everything they want. congress is pushing to get more information from them all the time. the chairman of the federal reserve testifies in congress four times a year. he talks about what his plans are and how he sees the world and what it thinks the problems are, so there is just much more transparency than there ever was, the more so than many central banks. so it is just not true it is a secret society. >> host: how does the board worked and why are there regional banks? >> guest: their regional banks were there as i said earlier because of the compromise.

who is going to run this import institution and president wilson developed a compromise and said there were going to beat semiautonomous, whatever that men at the time, maya autonomous regional banks from eight to 12. in the end there were 12 and they were going to to the action and make the major decisions and a board in washington that would supervise them. gradually that power shifted so that the board in washington had most of the control over what gets done but there were 12 regional banks, and now not originally but now there is a major entity in the federal reserve called the federal open market committee. that meets regularly in washington, eight times a year. and they make the decisions about what the interest rate is going to be and various other things that the fed is responsible for. that committee is made up of the

seven members of the board of governors, the washington part, and five representatives of the central bank one of helm, new york, is always there and the others four, rotate through the 12 banks the other 11 banks so that is the organization, 12 people. there are 90 members to come to the open market committee, 12 bankers but only five of those bankers get to vote. >> host: as we go to our first phonecall for professor allan meltzer let's put on their screen the open market definition for our viewers to read. dalton georgia danny on the republican line, good morning. >> caller: hello, thank you for c-span. it is good to have open minds and be able to talk. the first thing you said about the gold standard in watching this gentleman on tv, i just have one question. especially about bokor back in

the 80s. what was it that he was doing? i know he put a stop to inflation but what he had to do he made money trying to raise the interest rates that we had a two-year recession, 11% unemployment so people paid the price for that. would hurt the manufacturing sector because the dollar got so expensive relative to other currencies, and now i think that really was what started it because between then and now the amount of money for-profit for earnings every year in the financial sector has gone from 20 cents on every dollar to 42 cents. how are you going to have wider intense industries and how are you going to have people working when all the money is falling to the financial sector or you don't have that many people. all of this money, bonuses and everything else and nobody can stop it. till you think it is time to bust down and break up this big

monopolies like sacks and just two regional banking then let banking get down to where the supposed to be and that is loaning money to people, earn money in their own businesses and also have a home for their family. that is what bacon is supposed to be. >> host: mr. milter? >> guest: there were a lot of questions they are so let me start with a few of them. yes it is true that volcker raised interest rates. that is the way we ended inflation so it is also true that the unemployment rate went as high as 10.8% at that point, a little bit higher than it is and that it was at the peak so far this time but it is also true that following the end of that inflation we had probably almost 20 years of stable growth and low inflation with very mild recessions so when ronald

reagan took office in 1980, the stock market was around 800. when he left office in 1989, it was up around 3,000, so that was a period of great prosperity and that prosperity went on until the federal reserve made the big mistake of keeping money to easy and more importantly the government made the mistake of continuing a bad housing policy. if you have loans to people who can't pay you were going to have the faults and that is what we did, and that is the housing policy and the blame belongs in congress and success of the administrations. nei the republicans or democrats were good enough to stop that. as to the problems of what the bank should do, i am in favor and it testified in both the house and senate that what we do need to do is get rid of something called too big to fail. the idea that the federal reserve bails out the large banks and lets the small banks

fail so my proposal is a very simple one and it says the bank in choose how big it wants to be but the larger it is, the more proportionally more test to hold reserves. it has to have its stockholders at risk, not the public part of the present system is a system in which the large banks get the profits and the public takes the losses as it is now doing. that is not a system that is either good for the country and certainly not good for the taxpayer so we need to get rid of that and we need to have people tell their congressman we want to be rid of too big to fail, and too big to fail. >> host: john honor democrats line good morning. >> caller: good morning. professor, your last point there, i have two questions so please indulge me. why is the federal reserve

letting investment banking go under the federal reserve radar. it should've been regulated like a bank. those investment bankers engaged then, why did the federal reserve let that slip around? also my second question, does not the federal reserve have a schizophrenic characteristic to it? i say that because the federal reserve perceived statutory authority through congress. you have to be appointed by the executive branch. how can something be selva autonomous when there is a dichotomy of authority and approval? would it not be better that we make that a fourth leg of government and make that a voting position. the federal reserve chairman should be voted just like any other regular official and be held accountable for what he does. >> guest: i believe in accountability. let me say, let's first get the

facts. the chairman and members of the board of governors are appointed by the president and confirmed by the senate just the same as the secretary of treasury, the secretary of defense, the secretary of state so there's no different between that in any of the major function of government. the members of the bank's, the federal reserve banks, the 12 federal reserve banks are appointed by the boards of directors of the banks and approved by the board in washington but not by the congress and that is the contentious issue. it has been a contentious issue for many years and people have different views about that. i don't see anything wrong with that system. with the way that this work. is a matter of fact i think the president's bring information to the board meetings that is not available in washington. they bring a lot of information that they learn from their local people the people on their boards businessmen, labor

unions, the general public in their areas and that is valuable information that should be present and is useful to them. now, as to the question about the investment banks. yes, i mean we have this schizophrenic attitude that what we need is more regulation other regulation fails. the reason-- just think what we have been through recently. we have made off. it was regulated by the securities and exchange commission. we had stanford regulated by the securities and exchange commission. we had the big banks from new york. one of the things that people don't hear very much is the federal reserve has people sitting in every one of those banks during the period in which they were making these bad loans, and they were not doing anything about it, so the idea that regulation is going to get this out of this problem is wrong. what we need to do is go to put the incentives on the bankers

and that is what i want to do, make the bankers responsible for the loans make every banker get up in the morning and worry about what is on his balance sheet. how can we do that? the answer is get rid of too big to fail. dome bill them out. if they fail they fail and the stockholders take the money. what does failure mean? failure means we just wipe out the stockholders and we get rid of the management and be readjust the ownership and control of those assets to somebody who hopefully will manage them better. that is what we need to do and until we did that-- we did that until 1970. it is only 30 or 35 years we have been bailing out banks more and more all the time and that is a big mistake because it encourages risk-taking. economists call that moral hazard but it is just a mistake. you take the losses and they make the profits. not a good idea. >> host: indiana mark on the

independents line. >> caller: yes the only solution to this problem is to end the federal reserve. our framers knew about paper money and knew about the evils of the central bank. the central bank is a communist manifesto. john adams, thomas jefferson 1787-- [inaudible] so much down right ignescent-maggie ignorance. go back to the revolutionary period very similar to what we have now. we did issue money back then. what happened to the continental currency crash? it crashed and that is what is going to happen now. >> guest: i agree with you

were likely to have inflation again but i don't think we want to go back to the gold standard. i know that is going to irritate a lot of people who are friends with the gold standard including my old friend congressman paul, but the fact is the gold standard can only work if other countries join the gold standard. otherwise the united states on the gold standard would buffer every single currency shop in the world. i don't think we want to do that. second, for years when people talked about the gold standard i would say on the lecture platform we don't have the gold standard. it isn't because we don't know about the gold standard. it is because we do. what did that mean? it meant you had to be willing to accept a lot of unemployment in order to maintain the gold price. we are not willing to do that. the reason we don't have the gold standard is because the gold standard required is to accept the level of unemployment that the public is not willing to accept so they went to something that they hoped would

be better. it may not be better but it is something that they have no, show no sign of wanting to get rid of. president reagan, under pressure from the gold standard group had a commission. the commission looked into the gold standard and decided it was not a good idea for the united states and i think that was the right decision. now we do need restrictions. we need restrictions on what the federal reserve can do but those restrictions should be some that fit with the one view that it is both unemployment and inflation that we have to worry about in so we need restrictions that do that and i believe that there are proposals to do that. many countries have adopted proposals of that kind. we have not chosen to do that because of our congress. >> host: next phonecall illinois philip on the republican line.

>> caller: the person who just called and spoke to us mentioning the gold standard and the constitution, article i section 7 showing gold and silver coin as tender. can you please try and explain why this has been overlooked? i don't see anything in the amendment to the constitution that said this is nolan foyt. but anyway-- >> guest: the constitution says in article i, section 8 i believe, it says congress shall make laws regulating the value of coinage and that is the article under which the federal reserve is created. they delegated to the federal reserve their responsibility at the time under the gold standard, but no one in the world wants to go on the gold standard and as i have said we don't have the gold standard because we know about the gold standard and we are not willing

to accept as a modern society the level of unemployment that would require. >> host: fairmount, west virginia, george honor democrats line. good morning. >> caller: why does the federal government have to bailout all of the auto industries in the banks and everything? i think that is wrong. we shouldn't have to bailout anybody. if you do things wrong and you waste your money and don't do things right you shouldn't be bailed out. you suffer the consequences. >> guest: i agree with you. >> caller: my second is, why does the president of the united states need all these new sars? we have people, the department heads and all that were appointed and voted on by the senate and everybody. why do we need all of these czars that he put in place and all of this bank roll, $80,000 apiece?

we don't need these desires. we have department heads. this is something he is starting out that shouldn't be. the american people should be and then the price and demand that they be removed. >> host: on the independent line. >> guest: let me answer that by saying for a very long time, so often that the "new york times" eventually used it as a key to their crossword puzzle, i have said capitalism without failure is like religion without sin. it doesn't work so i agree wholeheartedly with you and i agree about the czars. this is a democratic country we elected congress. we elect an administration. subject to the public's review and that should run our government. >> host: johnston, colorado on the independent line. go ahead. >> caller: yes i was wondering if they reinstated the glass-steagall act with this have eliminated the problem that we have with the housing?

>> guest: no. the housing had to do with policies to encourage housing policies designed to give poor people a chance to own their own homes. that is on paper a desirable thing but to do it without down payments and without credit recognition of their credit losses that is not a good thing. now that glass-steagall repeal by the time glass-steagall was repealed it had almost no effect if any. the reason was investment banks were doing everything the commercial banks were doing and the commercial banks were doing just about everything the investment banks were doing so know what the country adopted glass-steagall and the whole idea of glass-steagall is a way of protecting the public as faulty. what we need to do is put their risk on the people who take them. make them bear the risk. if we don't do that there is no

regulation that is going to work. i mean the idea that we are going to appoint some group and we are going to tell them as the present legislation says to look for systemic risk, what is a systemic risks? nobody can define a systemic risk. the congressman in your district to says the company here fail then we are about 1,000 people are going to be unemployed, that is a big risk in his job is to see that something is done about it and that is going to be an open invitation to more of the bailouts we have. we don't want to go down that route because that is going to be the enemy of growth and freedom. >> host: youngstown, ohio, jeff on the republican line. >> caller: hello. >> host: good morning. >> caller: i have a question. it is pretty simple. the way i see it is the treasury puts the money the treasury lends the money to the bank. that banks lend the money to us

the people. the banks pay the u.s. treasury back with interest. the treasury makes money plus the people make money. we would have no national debt and we eliminate the middleman which is the federal reserve. it is almost like common sense in business. why can't that be done? >> guest: well, we are a big, the largest economy in the world. you know you can read all of these things about china being a threat to us but the chinese have a gdp that is about one-tenth of hours. i mean, they may eventually grow but we are a big country involved in the world and we have exchange rates. we have to control inflation. there has to be somebody who monitors inflation. moving the regulation from one place to another is not going to make very much difference. what we need to do is put our

rules, which restrict the independent action they can take and make the people who take the losses as i have said several times, make them responsible for taking the losses. then we will have a sound financial system. >> host: mr. meltzer what is monetary policy? >> guest: the federal reserve at its meeting, the open market committee decides to set the interest rate and that interest rate is willing to lend as much as the market wants, if the market wants to much then it is supposed to raise the interest rate to cut back on the growth of money. >> host: and, what is inflation, deflationary then why should people care about it? >> guest: inflation is a stealth tasks on the wealth that you own that is fixed in dollars.

for example if you owned bonds tarek you have a mortgage, then the value of that mortgage, their real value of that mortgage adjusted for inflation is the amount after you subtract the inflation so if the interest-rate is 3% now and inflation rate is 2%, then the real interest rate is 1%. that is what is moving around in our system and causing prosperity or the lack of prosperity. now, what monetary policy does is to set the interest rate and take the consequences. the consequences are inflation unemployment and exchange rates. >> host: next phonecall clifton park, new york. carl good morning. >> caller: good morning. i have concerns that former executives of many of the investment banks especially goldman sachs are and have been

responsible for monetary policy and for regulation. >> guest: you mean they have been appointed. >> caller: they have been appointed and i wonder if you share that concern and secondly, aren't there expert economist and the various think-tanks and universities that could be appointed also and have more-- >> guest: well, they are. >> caller: the average person as far as those regulations are concerns? >> guest: mr. bernanke was a princeton professor. there were many economists-- up until 1965 there were practically, there were very few economists and the federal reserve system in principle roles. now, they are dominated by economists many of them university economists to become presidents of the reserve bank's, or members of the board

of governors. the white house has large-- lawrence summers a former secretary of the treasury but also with former harvard professor and president of harvard university. there are lots of problems there. the problem is not the presence only of people from wall street, but of course you know if you appointed secretary of the treasury from wall street, some of them are going to have friendly relationships with the people they used to work with and the people bait used to work with them, and that is inevitable. we are not going to avoid all conflict no matter how we try. what we need to do, as they keep saying is we need to put rules that restrict them in my proposal is a very simple one. they should negotiate a rule, how much inflation is going to be two years from now they think given the policy, how much

unemployment. they negotiate that with the secretary of the treasury. if they achieve it, than that is fine. if they don't achieve it, they should offer their resignations in their explanation. they are going to be valid explanations. the oil price went up so the inflation look to be higher. farm prices went down because there was a draw. there lots of things that can happen over which they have very little control. i propose that a long time ago. back in 1988 i was in new zealand. i propose to to the central bank of new zealand. they adopted it and improve upon it and that is that we got the idea of inflation target thing. they negotiate with the minister of finance comparable to the secretary of the treasury. then negotiate an agreement as to what the inflation rate will be what the unemployment rate will be and if they make it that is fine. if they don't have to offer their resignations in their explanation. that idea has spread to many other countries but not here.

>> host: next phonecall gragan new york on independent line. >> caller: good morning greta, how are you? i have two things. let's take them one at a time. when i heard the-- would be $600 trillion with this bad paper my gut feeling tells me it is probably broken. what do you think about that and then i will give you my second question? >> guest: the fed has over 1 trillion worth of the excess reserves. how much morzette than usual? well, it is about a trillion dollars more than usual so we have to mop the upper we are going to have that the inflation. now, they talked about how they are going to do it but they haven't said that they think it is going to work and i don't believe it is going to work. they say we are going to pay interest on reserves and we will get the banks to hold them. i just don't believe that.

they are not going to hold a trillion dollars worth of excess reserves owen long demand starts to pick up they have to start mopping up this excess reserves and that is going to be a hard decision for them to make because it is going to raise interest rates and the country and there will be an outcry from congress, from the administration, from the labor unions and probably from the public wit says hey we have got a lot of unemployment. you read better do something about that and let inflation waits of that is the problem the federal reserve is going to have but even more a problem we are all going to have. >> host: greg, your follow-up? >> caller: yes, the north koreans, the iranians and the russians and i imagine every other country in the world is-- our currency. how big of a problem is in how much damage has it done to our money? >> guest: the far bigger problem is what we are doing to our money. we have budget deficits higher

than anything we have ever imagined and the peace timer even in a wartime situation. we have a president who talks about the fact that he does not like deficits and has to do something about them but what he is mainly been doing is decreasing them. we are not going to cut the budget deficit without doing something about health care that we just increase the amount of money we are going to spend on health care despite what the congress says. so, figure, we just said we are going to put 31 million more people onto the medicare rolls without increasing the number of doctors. does that work? snow. how does the congress respond to that? they say we are going to cut doctors' pay by 21%. is that going to get as more doctors and more medical care? of course not so they say we are going to cut $500 billion out of medicare. really? with the number of old people growing? i don't believe it. >> host: washington d.c.,

antoine joins us on the republican line, good morning. >> caller: hi, good morning and thank you for c-span. i have two quick questions. one was i needed more of an elaboration on why would the unemployment be so high if we were on the gold standard, and my second question is, instead of the bailout, would it make more sense to give more tax credits to people so they could stay in their homes and meet their mortgage requirements? >> host: professor? >> guest: i will talk about unemployment under the gold standard first. at you say your policy is going to keep the price of gold fixed at a certain price like the old 35-dollar price, than that means whenever the dollar starts to weaken we have to pump in money and that is going to make the economy expand but when the dollar starts to go down we have

to take out money and you have to deflate, and when you deflate the first effect und deinflation false on employment so the economy slows down. that is the idea of maintaining deflating is to make the economy slow down so prices will fall. eventually they will start to rise again and then we will take unemployment in the interim. there's just no way in which we can do this and keep it on an absolutely level playing field all the time. the best we have done, the federal reserve is now 90 some odd years old. the best. has had was a period from approximately to about 2,003. we had low inflation and rapid growth. and, you know the best evidence of that is people stop complaining about the growth rate. we had minor recessions but not big recessions.

we had the longest periods of sustained growth in the history of the united states. looking back on that, what do people complain about? they complain about the distribution of income and they say this and that about the period and they rejected it but that was the best period for macroeconomics stability. problems of education productivity growth, those things were a problem that created difficulties in the distribution of income that people didn't like. now, the other part of the question, i am sorry? >> host: you know what professor meltzer i forgot myself. we will move on to green town missouri roger. >> caller: i am pleased to have an affinity to speak. when i took economics decades ago we talked a lot about fed reserve open market operations and i hear and read almost nothing about that except the

footnote in "the wall street journal" every day. you have discussed the local market operations in this-- and a little bit about how? >> guest: they are the main thing that the federal reserve does. i mean, they said az roe i-225 basis point interest rates to keep that interest-rate they have to buy or sell. what they are doing now is they are buying mortgages. those are open market operations. they use open market operations to buy mortgages, which are highly illiquid and they are going to have problems selling them but they now are buying almost 90% of the mortgages that come on the market. so that is where they are using their open market operations and they are every bit as important powerful as they have never been. >> host: professor allan meltzer thank you very much for your time this morning. we appreciate it. >> guest: thank you, my

pleasure.

>> now a discussion on the chemical herbicide, agent orange. it was used by the u.s. military in vietnam with the government is now demanding compensation for damages. is also believed to have caused serious medical conditions and american soldiers who served in vietnam. the new american foundation and washington monthly magazine hosts this event. >> thank you all for attending. we really appreciate you all being here today. my name is paul glastris. i'm the editor-in-chief of the

washington monthly and a senior fellow here at the new america foundation so on behalf of the washington monthly and a new america thanks for coming. we are here today to discuss this special report just released in the current issue of the washington monthly called the "the agent orange boomerang" which you can read it washington monthly.com. am ghaffari start ridges monta thanked america come less thank the staff of the washington and the ford foundation for his support. from 1962 to 1971 the u.s. military sprayed close to 20 million gallons of the herbicide agent orange across vietnam to defoliate dense jungle in order to better protect personnel and equipment from north to south and to destroy enemy crops. bats burring we now know left behind a residue of dioxin persisted in highly toxin-- toxic chemical and over the next

two decades american soldiers who served in vietnam were forced to fight another war this one to force their own government to recognize the damage done to their bodies into provide health care and other benefits they deserve. washington did so in 1991, when president george h. w. bush signed the agent orange act into law. and in the year since justice seemingly done, the issue of the agent orange as largely disappeared from the news. but in reality the problem of agent orange never really went away. in fact it is now morphing into a new set of problems for our nation's leaders. it turns out that dioxin, a long acting toxin is continuing to damaged lives in vietnam that only for those exposed to it during the war but for their children and their grandchildren. the government estimates as many as 400,000 vietnamese have died early from ailments related to

the exposure to dioxin and half a million children have birth defects because of exposure to the chemicals leaching into the soil and water. until recently the effects of agent orange or not something the vietnamese government talk much about after normalizing relations with the united states in 1995. hen knoy's overwhelming goal was to win favorable trade deals with the united states and admission to globaled bodies like the world trade organization bringing up unpleasant subjects like agent orange worked against that strategy. but having detained these schools, hanoi has begun to press its demands and is demanding compensation for the suffering of its people and that has put the united states in a tough spot. not wanting to set a precedent

but on the other hand recognizing vietnam is an increasingly vital military security allies and trading partner. it also raises a larger issue of what responsibility to the u.s. military has to clean up the environmental messes after the war a run. meanwhile another hidden problem with agent orange is impacting our veterans. with each passing year medical researchers are discovering many illnesses many of them major chronic diseases like parkinson's for which exposure to the agent orange turns out to be a risk factor. hundreds of thousands have been denied va care for years and is said they avoided for the signs to prove the suffering they have been having is indeed service related so the problem of agent orange which we thought we had put behind this is once again

starting to show its face and in this latest issue of the washington monthly we have a special report that looks at these new developments and makes the case that we finally should do something do what we should've done actually years ago and that is to offer humanitarian aid to the vietnamese for the suffering of those affected by agent orange and to do right by our veterans and offer va care all who served no questions asked. you can agree or disagree with those arguments but i think there's no doubt and i think we have documented it pretty carefully that this is an issue that is going to be on the radar screen for the obama administration for congress and for the vla so to discuss these issues were brought together a panel of writers and experts who i am honored to introduce now. dr. michael's martin is a specialist in asian affairs and a congressional research service of the library of congress.

dr. martin's professional career includes working in china, japan hongkong and is taught at hong kong baptist university, colby college and tots university. clay ricin is managing editor at democracy eternal ideas. he is formally on the staff of the republic and has written on history, politics and culture for a variety of publications including the new york observer, the smithsonian and now the washington monthly. phil longman is a senior research fellow at the new america foundation here and the author of the next progressive era a blueprint for broad prosperity. also a fine book called "best care anywhere." so, let me begin by asking to the podium dr. michael martin.