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tv   [untitled]    March 20, 2012 6:30pm-7:00pm EDT

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like you said for free and fair elections. they're still reporting from the right you can hear behind the loudest. gaev.
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you know sometimes you see a story and it seems so for life is if you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm sorry welcome to the big picture .
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right so looks like the federal reserve think of being everybody's punching bag and they're coming out with a full social media campaign to show you the softer more communicative side of ben bernanke they've decided to take on twitter with the name at federal reserve and ben bernanke he is so himself going to be hosting online lectures with the hope of indoctrinating the college crowd into his line of thinking so of course we just couldn't help but imagine what the fed social outreach would look like and in a low to show dream world of other government accounts are any indication i think reality might actually prove to be better than we can even imagine it but only time will tell so in the meantime this is how we imagine the federal reserve's presence on twitter and obviously if the federal reserve longs to see relatable they're going to have to come up with a cool abby for bernanke e but the threat is new at this you would obviously be a few months behind trying to ride the playing weight and like anybody just getting their feet wet with twitter the fed is sure to be obsessed with hashtags like this tweet for example make it fame is hash tag q e twenty two well if you've got to get
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a little colored boy you still can or maybe would get little updates about printing things and listen tends to get a court thought another subpoena today not all information is beneficial and yet that hash tag is actually one of our favorite real quotes because what's more transparent than being open about your attempts to dodge talking while under oath or maybe there are tweets that reveal some grenades more personal thoughts perhaps on all those secret loans that the fed gave out if say it was for your own good hash tag secret loans hash tag idiots i think we might want to lay off the hashtags they can be a little bit too revealing so let's move on to the next week there are no hashtags there it should be say cats love our new table game sadly game check it out cat versus paul and i figure you can't go wrong with cats on the internet so let's see what he came up with.
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yeah of course i don't think about going to go over too well with ron paul's internet army but maybe he will win some of them over with this next one this week lecture from ben to you hash tag line or meltdown right now we've got to see this right. if you're. really. really. well to read of these in a way. willow. certainly
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going to get a lot of shares but i'll pick the live of the fed was hoping for maybe a little of time even created by bernanke he will be better you know like the board of work means or funny what i think i do. actually know not better according to an ag everybody thinks that he's throwing money away and he actually is throwing money away ok back to reality breaking the fed obviously didn't actually to do any of that but the fed really has joined in twitter verse and he really is doing video lectures and he really does seem to be targeting run paucity of lecture bernay he tackled the gold standard and hard part a pretty key is joining the social media game a little bit late if you ask me so it can be interesting to see how the fed chairman aims to be cool and transparent in today's world. well we have new economic stories to look into today so the federal reserve tends to be cool enjoying twitter all jokes aside what to talk about in his first lecture also
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another x. goldman employees come out attacking the firm decrying her former colleagues as commercial animals and jerks and laying out how she saw the culture of the firm change and her time there since one nine hundred eighty eight and then i met director christine lagarde had so many positive words for the outlook of the global economy if you consider saying that we move back from the abyss and something that's positive that i'm tired all together well joining me to discuss it is anthony grandad's a director of economic research for the reason foundation i think thanks so much for being here tonight or i would think of a joint i'm going to think i missed one of least one of the references that i like i like the only reference and i think i think the politicians will like it but. it was pretty cute i'm hoping you don't get to leave britney alone but you know i love and her plea hard crying where it was well you know i don't get it. i was joking aside i mean what do you think about kind of a little funny that the federal reserve suddenly wants to join twitter as part of
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their have to be more transparent and you know although this is this is part of a much longer term i mean the first thing they did was they started hosting press conferences after the fall of the meetings and that was that was a first time to try to build a more transparent the four part lecture series at george washington university as part of their attempt to speak to the college crowd and you could see it even in making speech today was his lecture today where he focused for about five minutes on the gold standard and why it's a terrible idea which no one would expect him to do unless he's going specifically after the college called ron paul base i think that it's interesting that the fed cares and i guess it's a good thing a professor cares right or not because they're supposed to be independent which what is it the this is a different fed than the greenspan for it it's you know when before the crisis. everybody you say feds an independent party friends and friends in a kind of body i don't really think you're hearing anybody say that right now i'm
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certainly not saying that anymore you're basically another arm of the government and they are trying to tap into. obama's appeal to the youth and to to use the into webs for all they're worth in this sense because the fed is pretty unpopular at the moment yes especially after the bailout although you may expect it's not that popular i think a lot of boys. had like twenty six percent approval rating which isn't very high does he figure that he still gets the you fall he can that maybe people are looking at it differently perhaps starting dr nader going to college again this is the very early says something about ron paul that he feels like he has to speak to you today could not understand right like all of a sudden you know the war of monetary policy is now you know amongst the twenty somethings in college or university would you know ten years ago no one on a college campus even knew that the federal reserve existed i mean that that's something maybe about ron paul and it's i like it what else do you think about his interviews and here's the interesting thing though about his about his like should
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be he focused a lot on you know the gold standard at the end of a speech not just getting a lot of the press. in the middle of the speech really the bulk of the speech was this is all setting up this is a series on you know why the voters are mad basically and he talked with a lot of high praise about the private sector before the federal reserve and about how we didn't need a federal reserve and he painted this whole big picture about how there's really no reason for the reserve up until the early part of the ninety's hundreds and then he just spun on a dime and said but then there was just too much volatility and now we need a full reserve and he didn't make his case and i think that's going to be one of the new stories that you're going to see over the next week is. you know ben bernanke you need to survive this he is going to have to adjust his second picture to respond or the criticism of his first lecture you know well they're called professor broad was going to do that he didn't he didn't make a very persuasive case interesting but if we do want to talk about the private sector and what's going on there we've seen a lot of we saw craig smith right come out and write this op ed in the new york
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times to take down kaufman sacks and now we see another person doing it whereas her name i had it written down in the morning thank you jacki zehner has to go jack you better i don't know if you want to call them whistleblowers or i mean i guess greg smith was still working there that day and it was just the last day that he was leaving but both of these people claim that the culture has drastically changed that goldman sachs even you know for the most part just in the last twenty or been teen twenty here is a paid been there we spoke to somebody the other day that said no it's not change this is how it's always bad right for one hundred something years ago in fact has been around it always been a culture about making a profit but. i don't think that the prime minister industry has changed that much wall street has always been and financial issues always been pretty much every company that's out there is always been about making money that's the incentive that drives almost everything it's what drives almost every single one of us a lot of our jobs you know you need money. to survive what's possibly
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has changed is the just sort of the internal attitude towards cars. commercial customer service for a lot of financial companies is not necessarily out of like the goodness of their hearts it's well if we have good customer service we can get more customers and for goldman which for years and decades and decades was not the big kid on the block actually had to really pay attention to customer service to be able to get customers only in the past fifteen or so years has goldman become so big that it hasn't had to pay as much attention to that because they're going to get clients anyway because they're really good at what they do that that would be the only place where there probably be some sort of like it's an internal and external change i mean if we go it's not really a change it was really about i mean i think you point out a few things that maybe have made it easier to be kind of the park or up in stock or if you have class eagle eye stuff but what happens when you create all these toxic assets you know that you then want to sell and she says clients have become
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so much larger that maybe it makes the banks a little more secretive to sometimes they came by the client and this point i don't know i really don't think that she's tapping into anything unique financial history if every financial institution breaks the law every day dozens of laws if not more every day that's that shouldn't be news i think that might be news to a lot of america but that really shouldn't be news this happens you know the reasons for it people have all kinds of debate but there's going to be running there's going to be. manipulation of stock prices that bet is that's not something new that's not something that will create it but maybe something that you know there's a correlation from when she started working there she saw something happen but you ask anybody that's honest and they'll tell you this is something that happens with almost every firm and it's not something that's changed since ninety nine when i mean and that's you know i guess the part of this question about this q. since these op ed has been coming out people been talking is it just shows you how much though that the culture needs to change from within and because people are
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rising just to be trying to game the system and gave the rules and regulations it's good to have a conversation it's great to have a town that's. best part about what she wrote about the new approach for them is that we need to be having more this conversation and what the response is is it more rules will mean breaking lots of rules that we have in the first place is it more effective regulators probably so what's the problem with the regulators well they're largely captured by the industry the basics are looking everywhere which is good and you know we're running out of time but apparently we're away from the abyss according to personally cards i guess i should make us feel a little watch out for the little the other side you know we're driving away from this best but it's not a positive outlook that it will economy going forward i have to thank so much for. well still to come tonight one governor doesn't think the drug testing welfare recipients went far enough now i want to take that says to all state employees and details in school time and on top of happy hour the obama's really don't like the media talking about the first daughters and one famous website has come up with a creative way to avoid being shut down by the.
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same. people calling like you said for free and fair elections. and they're still reporting from the land where you can hear behind me loud explosions. oh yeah i get it.
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you know how sometimes you see a story and it seems so for lengthly is that you understand it in any glimpse something else you hear sees some other part of it and realize everything you thought you knew you don't know i'm sorry for going to the big picture. for.
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all right guys it's time for our tool time award and tonight are you me it's one of the least like to governors and the country great thought doesn't have the best reputation with his fellow floridians and i've got local news outlets were genuinely surprised when his approval rating went up from twenty six percent to thirty eight percent in january now one of the many reasons that his approval so low is because he signed a mandate last year to require all welfare recipients to submit to regular drug tests so you can imagine that was met with a lot outcry but to make matters even worse for scott it turns out that only two percent of those who submitted the drug test actually came back positive ninety six percent of those on welfare came back clean and there was two percent for which they couldn't exactly get a result now looks like that for backfired and didn't help the media dug up this interesting little tidbit that scott actually co-founded an urgent care chain which specializes in drug testing conflict of interest anybody or surely
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a part of this measure would at least help and benefit is bottom line but as mike riggs from reason pointed out to us last year the testing policy ended up costing the state quite a bit of money if you think of roughly between five and ten percent of people feeling and the other ninety five to ninety percent passing and then having to get reimbursed through looking an extra two million to four million dollars the state will have to pay for reimbursing to us that's and that's just the money for the tests there's also the checks to send out there's also the workers in the program families whose job it is going to be to screen fifty thousand and ninety thousand urine tests. but got the action certainly put him in the national spotlight even the daily show couldn't help but probably governor about his mandate. since when he comes to check if you can hear people. just go through loads of food in your little easy. to put his arms.
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which. should be good for the room or you are looking as if the absurdity of his program is actually lost on rick because in true rick scott fashion and their changing of policy he's expanded it deciding to extend the drug testing mandate to state employees too and a bill that he signed quietly after hours scott approved the measure which would allow agencies to conduct random drug testing of employees every three months however they can only test ten percent of the total workforce and the agencies would have to use a computer system when it comes to choosing who it is that gets tested oh and we should know that if the state worker test positive management is allowed to fire them based on the results and here's the icing on the cake elected officials are exempt so that means that rick scott won't be needing that he got after all according to the miami herald state lawmaker jimmy smith including politicians would be political theater i went on to say that it was found to be unconstitutional to drug test elected officials because it prevents us citizens
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from having that first amendment right lawmakers that are protected by the courts from random drug testing have no problems subjecting other government employees to it and i wonder why scott waited until after hours to quietly penned this craziness perhaps he even knows that making a law like this is just complete b.s. now the governor is joined by the state g.o.p. who believe these new drug testing policies are an invasion of privacy but rather we're just following in the footsteps of the private sector just so kind of the governor to worry about the substance abuse in the state but i'm going to join with a.c.l.u. with labor unions anybody was common sense and saying it was absolutely ridiculous how can a policy with random drug testing based on no suspicion of violate the rights of state employees and let's look at scott's policies as. as a whole when he implemented the testing for welfare recipients he was hoping to prove there was a correlation between the poor and drug use at which he failed but rather than backtracking when he learned the hard way that that wasn't the case he was paler
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publicans was moved full speed ahead let's just drug has the whole goddamn state except of course the people who actually helped make this bill into law a lot of people are expecting with this bill it's going to end up on the supreme court docket someday but no means i'm going to give rick scott's a night's kill time award. i guide the time for happy hour and joining me this evening lauren lyster host of the capital account here on r.t. and anthony grandad's oh director of economic research for the reason foundation hello hello. like about the pirate bay shall we they're always in the new they have a lot of hate towards higher vegas to look at this. now the power of grace is facing shutdown global entertainment industry is celebrating the victory they said
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the site was media directory and none of the illegal downloads were actually stored on its computers. so the pirate bay is constantly boiled in legal troubles to try to stay afloat and so this is their newest idea is that they're going to experiment with small airborne drones that will redirect the user traffic to a secret location make it that way there airplane or machines are going to be shut down with airplanes in order to shut down the system in real acts of war. i like you yes meaning us authorities are after them so they're playing their own us they're doing only airspace over a certain country that still have laws that apply to the us does this let's turn program i. think it's fascinating it's really clever the weird thing though is that they think that if they get shut down it's an act of war i would like to see them fight back they're not real pirates. being here. i think it's idea about abortion and i think about actually. it does make guns if you're not
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then it does raise an interesting legal case because they are not physically on the soil but it's not clear. because you know any legal challenges we face every day that there's a rod returns the drones any fall over its soil hopefully no there drones will fall on their own servers. yeah that would definitely be fortunate let's move this next story. my take on this is that you know we have a growing population of people that aren't religious in the u.s. population is growing and so if you really want to just try to expand religious freedom try to get to understand each other i think there are more mature ways of going about it but what's happening here on this highway county florida take a look. or we could be just right that wrong thirty seven it's somewhere under this grass last year going to the road. so this here the atheists are going to wash it
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off. i mean really the religious here decided to bless the piece of the highway and they have to go wash it off with i don't hold any water my saying on this a little i'm like yours i know i've said this before and i'll say it again it's just yet another case where everything weird happens in florida i'm south carolina's got a lot of really we're really not going to get it out because you know sort of. carolina it's very strange this story. for another back to back to florida are atheists legitimizing this why do they care yeah that's a good thing i'm saying the government of people right like you're really going to take all your time to go by the pool when i wonder if you're an atheist this doesn't matter there's no blessing it's there's no there's no difference if you want to so i would you you know because you're destroying some of my blessed like everything i think the best part about this story though is after they wash it away the christians who spread the holy water prayed but the u.s.
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would be arrested or kicked out of polk county and the head of like the storm is asian that did this has been arrested twice since then for like. mr like for like pretending to be a lawyer. or as weird as christians who do all that weird behavior that seems very counter i think you did great i think it's absolutely. why did they leave early and not laura is very very very very very high trying to do as well and sort of i was me holy water which i don't know about oil you can only love a nation. a little closer every day. this next story basically we just like to make and really awkward every time we comes on the show so we're going to talk about vagina. five through all the recent crazy legislation that we've been seeing brought up in states right that we've also seen come up in the federal government there is excuse me going behind government.
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and then send it to their representatives just. like one of the right. wing crochet of a diner uterus principessa to enclose mail it to your mail senator congressional representative and then they're in the process of arranging and delivery to congressional offices in washington until then you can just mail it is but i really hope that all these offices just are being flooded with needed vagina totally do you think they're going to open them for the messages. now. there is such a good link you can put it there are there are plenty of amateur congressional staffers. i guarantee you so what would you say in your vagina i say stay out of my vagina bad i'm that is that is something that should be clipped internet at least take this and run with this. perfect statement to get it right you know what you just said was that first they can recover after that wait for what the a lot of. youtube viewers are going to be going to be the idol of his video is
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going to be deadly what would you say. i'm gonna miss your little girl so hard right now. to our last story here which is that. the ground the first daughters reappear obama actually mentioned them quite a bit it's usually kind of a little like warning we think alike the jonas brothers are here. somewhere sasha and malia are huge things. but boys don't get any ideas. this is because the it is a parks and recreation. so having us is here is like the only thing she thinks is worth the door. cards and leaves on vacation in mexico right now she just happens to have twenty five secret service agents with
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her keeping her safe and this is just what i like we have time for this but rick santorum is basically thing that because the obama administration recently declared certain areas unsafe for americans that this is a really bad example and he should be sending the leader to mexico but is the administration do the president's actions reflect what is it ministration. and you know if the administration saying it's right for their people down there but just because you can send twenty five secret service agents that would be you should do it you should. consider an example and if the prison food ration example are you got to hear it anyway real quick i thought but still look pretty cool but what i point is what is the ministration that does not piss off rick santorum andrew and try taking that rationale back to your teenage daughter who really wants to go to mexico. not
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a not about one night. that's a fair night show thanks for joining in making back tomorrow for to speak of a muslim journalist who defends the n.y.p.d. surveillance program i mean timing our to follow us on line on twitter on facebook and catch everything on you tube and we have thanks jason. wealthy british style. sometimes the title. markets finance scandal. find out what's really happening to the global economy with mike's concert for
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a no holds barred look at the global financial headlines tune in to kaiser report on r g. twenty times today violence is once again fled the fighting these are the images seen from the streets of canada after. changing operations or on the day.

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