margetts. scandals. find out what's really happening to the global economy in these kinds of reports. ten thirty pm in moscow the zero hour headline volleys of tear gas have been washed into crowds of egyptian protesters was people rallying for the third day with reports about least four killed protests against the military rulers broke out after wednesday's football violence left seventy four dead. moscow says it can't support the latest draft resolution on syria at the u.n. although the text had been softened overcome some of russia's objections it's still fell short of addressing the kremlin's main concerns. and all polling stations

across russia will get their own digital observer as web cameras will be installed on the prime minister's order it's the move was introduced by vladimir putin as a step toward stopping electoral fraud in next month's presidential vote. next part two of the alone a show taking a closer look at the global financial downturn stay with us. well. it's technology innovations all the developments around russia we've got this huge earth covered. our guys it's time for show and tell and i program last time we spoke about the connection between outsourcing and u.s. education system and we ask you what if anything you think we should be doing to stop the outsourcing of american jobs to other countries let's go to producer for

treason essentially to find out what you have to say. apple the world's most valuable company currently employs forty three thousand people in the u.s. and twenty thousand overseas now apple's contractors employ and i dish in all seven hundred thousand almost all of which work outside the u.s. now this equation present a clear and present danger for american workers so we wanted to know what is there anything the u.s. should be doing to bring jobs back home also eed said we don't need to stop outsourcing we need to start educating and he said it has nothing to do with education people from all over the world come to the us for college and has to do with corporate greed some of you believe that some sort of government intervention is needed to reverse the trend like ricky believes we should give corporations financial incentives to keep their jobs here such as tax incentives it has to do it has to be a win win otherwise they will continue to take the money and run overseas with it out of korea told us raise import taxes that would solve most of the issue right there now others think that free global trade will work things out maybe by

reducing wages in america who said quit teaching american you they are more exceptional than the rest of the people on planet and actually teach them to do something useful for a normal wage so when it comes to better us education versus working people a. a lot of us seem divided while some believe that a free global economy will work out its own problems without government intervention a lot of other people just don't like the way it's worked out so far and the big question for unemployed americans is how much longer must they wait to find out. are now as always we appreciate the responses and here's our next question for you wrote on the show we spoke about the planned troop drawdown in afghanistan so why do you think that the u.s. chose to announce at the combat mission in afghanistan would and a full year or more before it was planned to assume you think on facebook twitter and you tube and it was a response just might me. how did you know that there's

a law and place to protect your video rental information called the video privacy protection act of one nine hundred eighty eight and was passed after supreme court nominee robert bork's video rental records were disclosed in a newspaper so and put in place it was put in place to prevent such records from ever being revealed to the public and even though the language doesn't specifically extend to d.v.d.'s a newer forms of video rentals it's assumed that this legislation could be broadened to include those other formats now obviously this law might seem a little outdated but it is considered one of the strongest consumer privacy protection laws on the books you see the d.p.p. act has been recently debated at a senate hearing of the judiciary subcommittee on privacy technology and the law after netflix and a few other internet based companies started calling for that logic change so that your video history can be shared now why would they want that information share well it's all about the money of course so netflix would like to share your video history with a third party site and social media sites just like websites that you use every day which are logging tons of information about you to share with advertisers take for

example facebook everybody and their mother has a profile which is their favorite music movies if your favorite styles your favorite happy hour hang out and guess what social networking site is learning everything if there is to know about you so it's all for the sake of gathering that information to sell to third parties so let's say that you announce on facebook they are engaged. well expect to see advertisements for wedding dresses and photographers are you pregnant well discounted baby clothes will also be just a click away the wildly popular website filed papers yesterday for an initial public offering looking to raise five billion dollars and their wealth of personal data is a large part of the reason that the company could be making the largest u.s. stock market debut in yearly for years now for years facebook has been tracking your every move on their website and just trying to think about how much information they actually have on you that's considered a gold mine for third party sites to disperse to advertisers facebook is just one example but of course they join the ranks of many others that are all dancing around that user privacy line all for the sake of getting larger profits and looks

like netflix is no exception however we should note that netflix is pleased to change the video privacy protection act have been met with concern from the a.c.l.u. that's arguing in favor of consumer privacy we're not yet sure if the senate judiciary committee is going to be willing to modify the language of that bill from the eighty's or not so in the meantime make sure you remember that everything you're doing online is being monitored closely and until the government attempts to stop advertisers to learning all that information about you stories like this are just going to be the norm. well federal reserve chairman ben bernanke testified on capitol hill today defending the fed keeping interest rates low and calling at the pace of the u.s. recovery frustratingly slow he also had some dire warnings about the u.s. deficit hinting that we should look to greece as the example of the worst that could happen here is direct words so even the prospects of unsustainable deficits house have costs including an increased possibility of a sudden fiscal crisis as we've seen

a number of countries recently interest rates can soar quickly if investors lose confidence in the ability of a government to manage its fiscal policy and just this week congressional budget analyst said the deficit is going to drop one trillion dollars this year high but actually the lowest it has been since two thousand and nine so when we think of the fed chairman's warnings well joining me to discuss it is william black associate professor of law and economics at the university of missouri kansas city and author of the book the best way to rob a bank is to own what corporate executives and politicians loot it as an industry thanks so much for coming back on the show tonight let me think of where we should start let's start with deficits and let's start by comparing this to what ben bernanke has said in the past three said that too much austerity right too much fiscal tightening is something that's going to slow economic growth and yet here at the same time he's warning of the dangers of too big of deficits so is it contradicting himself or is he just trying to play both sides. always wrong

never in doubt is the bernanke you slogan i think he was closer to right in the past he's certainly correct that europe has been sent hurdling back into recession by an austerity program and bernanke used testimony was mixed but it certainly could be read and probably will be read as favoring austerity increases in the united states which is exactly the wrong thing to do right now i had of course that's what a lot of lawmakers are calling for i include in their republican party but one arguments that he made to you is that you know interest rates are going to soar quickly if investors start to lose confidence in the government's ability to manage a policy and does that really applied the united states because we have our central bank that controls the interest rates not only that we're nothing like greece we have a sovereign currency greece does not and as a result greece has

a real risk of default we have no real risk of default unless you know the morons in congress decide not to pay our debts and if they do they'll cause a crisis and they'll be out of office within days and we'll fix the problem then so no this is complete nonsense and it is only austerity that has to great risk of putting us like europe back into the great recession. if it's not greece then what would you say would be a better example where the us might be heading in terms of our soaring deficit right in terms of our fiscal policy some people out there said that perhaps japan is a better example to. japan would be the example if we followed bernanke use advice and then japan is now into the second last decade and so we don't want to follow

bernanke you said but you see united states actually of course as people said from the beginning had insufficient stimulus but we had greater stimulus by far than europe and we continued it longer and as a result we are not going back into recession we in fact are having and a continued recovery but a weak recovery because the stimulus was too small or painfully slow right was i would call that frustratingly slow recovery i want to switch gears really quickly to you and talk about a recent piece that you wrote when you put up on credit write downs basically looking at the obama administration the way that they've been trying to make it seem like they have been aggressive in investigating mortgage fraud lately and you basically said that that's all propaganda tell us why. this is up on our economic site new economic perspectives university of missouri kansas city. i showed the

numbers of what it took to get a success. of the fraud in the savings and loan crisis that crisis was one seven india as large as crisis and we had a thousand f.b.i. each and at peak in the current crisis this propaganda the president's state of the year in advance they announce that they're going to create a world with twenty five. a chance to investigate again twenty five verses without than for a christ that stephanie times larger and has fraud roughly that much savings and loan crisis this is. the definitely doesn't sound like like nearly enough i know they're having some audio troubles there can you still hear me william again ok great so that actually if i too want to look at somebody who he's

on the cover of time magazine right now we have prepared and he's somebody that is being flouted he is the u.s. district attorney from the southern district of new york and he's been glad of this this man that really can has won the first successful criminal prosecution against some of what's being happened in terms of credit suisse but there are some sketching tactics that he used like wiretapping a phone call where with ninety people involved do you think about what i've come to the you have to resort to those kinds of tactics or is he a good example to look to even i think that what you found when you did electronic surveillance was incredibly important or people world because when you look at the insider trading case sample what you found was people talk you know destroy thumb drives in other words white collar criminals look a whole lot like blue collar criminals and don't deserve any respect any additional

consideration beyond which any defendant should get and so i think that if they had sent f.b.i. agents undercover into places like washington mutual back in two thousand and four there would have been no crisis but so at this point is it too late or could somebody like like. should he be used in other cases or is he just going after the little guys. not after the little guys but certainly after the intermediate folks you know most of what the f.b.i. has gone after is the minnows at this point there hasn't been a single conviction of a c.e.o. of a new the leak firm that caused this crisis and there's nothing in the credit suisse investigation at this point that suggest that's going to change again that doesn't

mean it isn't a good thing to convict people who lie about the price of assets so that they can maximize their bonuses and that's what two of the individuals to the traders have confessed to doing i want to thank you for joining us so much tonight and you know we'll see though i guess we all wish that it would have been done a couple years ago but we'll see if anything gets on why do you think thank you. thank you. i just ahead of myself one alabama lawmaker thinks that he's entitled to a larger salary than teachers because the bible told him so and let's work on a claim that untold lives and a happy hour of the no fly list is growing at an alarming rate and the mainstream media just cannot get enough of a. move

. old means of protection can be used. when global supremacy is at stake. between two thousand and five and two thousand and nine us has spent fifteen

billion dollars in the prostate for the entire program that we are dealing with right now here in two thousand and eleven is another hundred fifty billion dollars that's larger than many country's entire military budgets twenty things becomes the best for the defense. so let's substitute. time. ruined. for thailand where time. becomes the see nothing. the mysterious sons of russia. wealthy british. it's time

to. market. find out what's really happening to the global economy for a no holds barred look at the global financial headlines. runs a report on our. guys it's time for tonight's tool time award and we're going to get to somebody who thinks that he's more important than teachers alabama state senator should rock mcgill was speaking at a prayer breakfast this week when he was questioned about some evidence of corruption amongst a few members of the state legislature and he explained that there would be less corruption and a smaller chance of lawmakers taking bribes if only they had bigger salaries somewhere along the way mcgill went off at a tangent during this discussion about lawmakers salaries and some of the other

career paths like teachers don't follow the same line of reasoning just get a lot of this mcgill said that he may have to make enough so that he can say no in regards to temptation teachers need to make the money that they need to make and if you double what you're paying education you know what's going to happen i've heard this comment many times well the quality of education is going to go up that never that's never proven to happen guys it was all his words so this guy's a line of reasoning is that if you pay lawmakers my. or that they will not be bought and therefore will perform better because they have no restraint moral character but don't even think about paying people like teachers a good salary because they won't do jack and what's worse here as he tries to defend that stance by invoking god and the bible macgill said it's a biblical principle if you double a teacher's pay scale you'll attract people who aren't called to teach and these teachers that are called to teach regardless of the pay scale they would teach so basically the guy thinks that the only good teachers out there are the ones that are called by god to teach they would teach because that's their destiny in life

right it's especially novel hearing that from somebody who is a public servant and so what's so special about this public servant is that while he will rail against raising teachers' salaries to compensate them for their hard work and contribution to society he has no problem raising his own in two thousand and seven mcgill's one of the many lawmakers who approved a salary hike that increase lawmakers salaries from thirty thousand a year to forty nine thousand five hundred here and as things progress pointed out alabama legislators are now paid more than a teacher who's been working for over twenty seven years oh and i mention the lawmakers are technically part time in alabama so we should not pay teachers more but we should absolutely pay lawmakers more and not because they contribute so much as a site or working so hard and helping so many people because so they won't be tempted to be corrupt and accept bribes it's really really super solid logic so for trying to keep teachers from getting their salaries they deserve and using the bible to defend his greed shadrack mcgill is tonights to

a time when. our guys it's time for happy hour and joining me this evening artsy correspondent christine and jake breuer chief strategy officer at strategy hey guys thanks for joining me on thursday did you know that there was really huge news that was going to happen day the thing that we covered on our show everybody was waiting for donald trump to announce his endorsement of a republican candidate i could. it's my honor real honor and privilege to endorse mitt romney. it's what we did there is we got to make sure that every single network every single cable network went live with this i'm not even kidding and we were checking out earlier editorial meeting this morning and that same b.c.

had a countdown clock like three hours and twenty minutes until drawn from announcement all the while i am looking up to you again by the way although what i said all the while egypt was are up you know here's what i think should have been was actually the. point of this all this morning was that punxsutawney phil woke up this morning and made one appearance and then he had to fly to vegas and actually make another appearance on donald trump's head. and i think that's really what out there was recovering right yeah i mean a countdown to donald trump's endorsement i know it's so hard because it is it's true why does anyone give a crap as you say what you know why is all times that important person he's an entertainer he's not so important that his voice should get all this attention however i say this and yet this morning i was on twitter all morning and i thought it was so interesting because wall street journal had tweeted for a while donald trump to endorse gingrich and then you know c.n.n. poll of fast where everybody n n was saying that he was interests romney so here

this was i was being caught up. myself and it all the while saying why does trump matter but obviously he did matter to me so i don't know it was personal one today was dull. and romney didn't way. it was going to get to that. anywhere but yet here we are talking about it but i mean that he still is the door open for running an independent bit if he is not the nominee but. let's talk about a little fun little thing called life that you have thanks to nine eleven and the response here in our government you know you hear more and more stories all the time with people that are on this list that really shouldn't be on the list here's just one example dr santos thomas was just made aware that his oldest daughter is on the list the terrorist watch list that impacts travelers could be a threat to national security alicia's parents found out at the continental check in counter during a recent trip from cleveland to minneapolis. so you've got children on there i

thought we had a few lawmakers right here was that they found themselves on the list well guess what under the obama administration that list has more than doubled to now about twenty one thousand names and that includes about five hundred americans you know i think there's a distinction between the terror watch list which this little girl was on and what you're talking about which is the no fly list so if you're on the no fly list that means that you cannot get on a plane and i think that i think it's a little strange and the patriot act and you know all this kind of stuff but we have to also look at the other side of the story and say maybe there's better intelligence now maybe all these people there's actual names of people who are living or in a cave. caves they're living in caves or they simply don't care or maybe you know their names their social security numbers are going to thirty seven million travelers in a lot of united states every year twenty thousand of them but that is point zero

zero zero zero. two percent are on this list right and not of americans this point zero zero zero zero zero one percent of americans are on a no it's a no fly list in perspective we're talking about a ninety nine point nine nine nine nine nine fly list right so like some mistakes are going to happen it's going to get him going to get it i actually said that i said it was a little there you go it's doubled i don't understand why suddenly the threat has become almost every time to really understand how to double it is a lot it also could be we don't know we're not in the situation room it could be that there's just better and more intelligent and that's why we're saying. we disagree whatever. i thought i was going to. i'm with you all you know is i'm not on a no fly list and sure that's nice. not yet let's go to december yeah maybe twenty twelve has a whole day means you know you're pretty out of there i don't know i mean may. end up somewhere. it's finding that very cool buried treasure

these guys found a ship it's a british merchant ship sunk by the germans in one thousand nine hundred two and they think that it might have a lot of money. a crew of me treasure hunters jockeys boston are getting ready to celebrate seventy one percent of the platinum from the s.s. the ship was sunk in one nine hundred forty two by the germans as it was carrying the russian metals to the us by the soviet union for the united states with the war . all right so seventy one tons of platinum at the time that was valued at around fifty three million dollars and today's value is going to be three billion dollars and these guys are so the guys that are going to get it one way or another even if i have to lift the ship out of the water our property is that i mean they should get a larger more different to mine thing and that i should and shouldn't i go to make our budget deficit but there's no soviets anymore what do they say it was he meant

oh sorry the payment from the cell phone. i mean we're going to be less government right now is a british ship but it should be ok the interesting thing here is actually just that it wasn't just the ship there was also another ship with five hundred million dollars of spanish gold and the problem was that the government ruled that gold is not does not belong to the discovers it actually belongs to the descendants of the two hundred year old. yeah so that he gets a billion dollars and i think they're going to actually have a problem of getting access to it because it belongs to the british government and i should think that's going to drive prime minister he's wrong i don't think i was there i was really you know i think there's going to war in a big world right i think they should get at least they should get at least all of it was at least at least all of it. you know to give away i think after twenty years you should like it's you know what we let that one go how do you want to fall in that direction anyway. treasure hunter. that's the type of metal detector and i think you started you are right all right well let's let's go to the last thing

which is you know there are constantly a lot of people are upset because certain video games out there are too violent they're worried about what kind of impression it's making on children whatever what it's teaching you but now there's somebody who's trying to do something different with violent video games take a look. over one this is what so that we and today i'm playing to schools sky room. and i'm going to be doing something a little bit unique in this game i'm going to be playing as a pacifist that's right i don't kill anything. right. now this is not new and that's not true yeah i mean like people since super mario brothers have been playing games in a way is that they don't kill the enemies just because it's harder like to increase the challenge level of bovver that you jump over the thing so there used to be people who would try to place or mario brothers like the old school you know to buy a little thing just try to see if they could do it and it wasn't because their pacifist wasn't because they had some moral agenda or just because i was part of

the nothing revolutionary about it i think not really i mean there's this whole you know people want to want to call it a pacifist movement it really is just like a bunch of what i did so i don't want to video games out there and find one read on to tell and i like the same city flights of i don't know i hardly find why this is a big deal the wall street journal but you know look i mean it's very interesting because for so many people the point of video games is to get out that aggression and to kill i think it's i think in video games as in life you know if someone's coming at you when you have a gun it is easier to shoot them and then if you don't take those the least sophist intentions inside of you and use them for more good right just bothers me that kerry got out and i've got to go then they started out as if and i said thanks for tuning and make me come back tomorrow medicine money the roll call is going to be with us for happy hour in the meantime the family launched on facebook follow us on twitter to miss anything at all in the last we want to sell and plant next it's.

going to take three. or three. three. three. three. three books videos for your media project c.e.o. don carty dot com. please. her. little either little or. her little league. or little.