tv [untitled] March 20, 2012 10:30pm-11:00pm EDT
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that academic. world with. science technology innovation all the list of elements from around russia we've got the future covered. wealthy british style. such as. markets finance scandals why not what's really happening to the global economy with mike's cars are there are no holds barred look at the global financial headlines tune into cars a report on our. download the official policy application to go on the phone all i
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right so looks like the federal reserve sick of being everybody's punching back 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 in his line of thinking so of course we just couldn't help but imagine what the fed social outreach would look like in a lower show dreamworld but other government accounts are any indication i think reality might actually prove to be better but we can even imagine it only time will tell so in the meantime this is how we have matching the federal reserve's presence on twitter and obviously the federal reserve wants to see relatable they're going
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to have to come up with a cool avenue for bringing key but that is new at this you would obviously be a few months behind trying to drive a playing weight and like anybody just getting your feet wet with twitter the feds should be obsessed with hashtags like this tweet for example make if they miss hash tag heuer the twenty's well because you got to get a little company play are you still can or maybe would be a little update about printing and lissa tends to stay out of court fight another subpoena today not all information is beneficial and yeah but how is actually one of our favorite real quotes because what's more transparent than being open about your attempts to dodge talking all under oath or maybe her tweets reveals on bringing more personal thoughts perhaps on all the secret loans of the fed gave out it's a it was for your own good hashtags secret loans hashtags idiots. all right i think i may have been i left 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 captain
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versus paul and i think you can't go wrong with catherine the internet so let's see what you came up with. for cheryl think about going to go or do elwood ron paul's internet army but maybe he will win some of them over with this next one this week's lecture from ben to you hash tag line or else out up right now we've got to see this right. it's. really.
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well to do these in a way. the low. we're going to get a lot of shares but i'll pick the ones with the fed was hoping for maybe a little i mean created viber nagy will be better you know like the sort of work means are funny but i think i do. actually know not better according to grenade he everybody thinks that he's throwing money away and he actually is throwing money away but ok back to reality we're making a bet obviously didn't actually tweet any of that but the fed really have joined the twitter verse and bernanke he really is doing video lectures and he really does seem to be targeting ron paul but a lecture bringing he tackled the gold standard and toward part of turning he is joining the social media game a little bit late if you ask me so it can be interesting to see how the fed
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chairman aims to be cool and transparent in today's world. well we have a few economic stories to look into today aside from the federal reserve's attempts to be cool and join twitter all jokes aside what to talk about in his first lecture also another x. goldman employees come out attacking the firm decrying your 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 thousand nine hundred eight and then i'm after regular christine legarde have so many positive words for the outlook of the global economy if you consider saying that we move back from the abyss to something of positive so how do we tie it all together well joining me to discuss it is anthony rand director of economic research for the reason foundation i think thanks so much for being here tonight or would you think of our rights joining and i'm sure you don't think i missed one at least one of the references but i like i like the tony reference a lot and i think i think the paul fans will like the publisher's transfer you know if it was pretty i'm hoping the people don't have to leave britney alone that you
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know i love and her plea hard crying or it was really you know i don't get it. all jokes aside i mean what do you think about kind of it's a little funny that the federal reserve suddenly wants to join twitter as part of their have to be more transparent and you know i don't know 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 meetings and that was that was a first step to trying to build a more transparent to. the fore part lecture series at george washington university as part of their attempt to speak to the college crowd and you could see it even 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 college paul ron paul bass i think that it's interesting that the fed cares and i guess it's a good thing for fred cares right worry not because they're supposed to be
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independent which one is that right the fed. this is a different thread in the greaseman for it it's you know when before the crisis. everybody would say fed's an independent body and then in france a new kind of body i don't really think that you know you're hearing anybody say that right now i'm 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 use the interim grabs for all that they're worth in this sense because the fed is pretty unpopular at the moment yes especially after the bailout of all the banks but maybe it's not that popular i think a lot of boys i thought said that he had like twenty six percent approval rating which is a very high does he figure that he still gets the you fly he can that maybe people are looking at it differently perhaps starting dr nader college again this is a very early says something about ron paul that he that he feels like he has to speak so that you can make the right or center right like all of a sudden you know the war of monetary policy is now you know among the twenty
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somethings in college or university where you know ten years ago no one on a college campus even knew that the federal reserve existed i mean that that says something about ron paul in and of itself i like it what else would you think about if you like your old reviews and here's the interesting thing though about his about his lecture the he focused a lot on you know the gold standard at the end of a speech that's 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 photos are basically and he talked with a lot of high praise about the private sector before the put a reserve and we 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. ben bernanke he. is going to have to adjust his second picture to respond all the criticism of his
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first lecture no other cause professor 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 greg smith write come out and write this op ed in the new york times called and sacks and now we see another person doing it what is her name i had it right now i don't know from where thank you jacki zehner there we go jack you better stick around 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 over the last day that he was leaving but most of these people claim that the culture has drastically changed back robin sax even you know for the most part just in the last twenty or keen twenty years that they've been there we spoke to somebody the other day that said no it's not change this is how it's always been right for one hundred something years ago and that has been around it's always been a culture about making a profit but what do you think i i don't think that the finance assure history has changed that much wall street has always been in financial history is always been
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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 to to survive what's possibly the has changed is the gist of the internal attitude towards cuss. there's customer service for a lot of financial companies is not necessarily out of like the goodness of their hearts it's out of 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 he actually had to really pay attention to customer service to be able to get customers only in the past fifteen or so years has gotten to 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 their problem may be some sort of like it's an internal and external change i mean it was not really
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a change like what it was actually about but i mean he i think you know tried to point out a few things that maybe have made it easier to be kind of a marker about instructor if you have class legal issues like that what happens when you create all these toxic assets you know that you then want to sell and the idea she says clients have become so much larger than anything it makes the banks of the more secretive to sometimes they get came right at this point i don't know i really don't think she's tapping into anything in the financial industry every 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 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 can cost you a period that may be 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
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almost every firm and it's not something that's changed since ninety nine well i mean and that's you know i guess that part of this question about this too since these op eds been coming out people talking is that it shows you how much though that the culture needs to change from within and because people rising to be trying to game the system and gave the rules and regulations it's going to have a conversation it's great to have the town that's. best part about what you wrote about that it works with is that we need to be having more this conversation and what the response is is it more rules will mean we're breaking lots of the rules that we have in the first place is it more effective regulators probably so what's the problem the regulators well they're largely captured by the english tell me to start looking everywhere which is good and you know we're running out of time but apparently where away from the abyss according to christine legarde thank you but it makes us feel like i need to watch out for the other side you know we're backing away from this place but it's not a positive outlook a little economy going forward i ask me thanks so much rick. still to come tonight one governor doesn't think the drug testing welfare recipients went far enough now
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i want to extend that test to all paid employees and of the details i'm told i'm on top of happy hour it was all 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 copyright police and grab. a hold. of. it all sometimes you see a story and it seems so bleak you think you understand it and then he lives 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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our guys it's time for our tool time award and tonight forgive me it's one of the least liked governors and the country rick scott doesn't have the best reputation with his fellow floridians and about local news outlets were genuinely surprised when his approval rating went up from twenty six percent to thirty eight percent in january now of the many reasons that his approval so low is because he signed a man they last year to require all welfare recipients to submit to regular drug
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tests to cure magine that was that would allow private to make matters even worse for scott it turns out that only two percent of those who submitted the drugs 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 that result now looks like that effort backfired and didn't help that the media dug up this interesting little tidbit that's not actually co-founded an urgent care chain which specializes in drug testing conflict of interest anybody or surely a thought of this measure would at least help them benefit his bottom line but like rick some reason pointed out to us last year the testing policy ended up costing the state quite a bit of money. if you think roughly between five and ten percent of people failing and the other ninety five to ninety percent passing and then having to get reimbursed you're looking at an extra two million to four million dollars the state will have to pay for reimbursing us that's and that's just the money for the test there's also the checks just now there's also it workers on the part of families whose job it is going to be to screen fifty thousand and ninety thousand your
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interest. that's got the actions thirdly put him in the national spotlight even the daily show couldn't help a product of another about his mandate. since one comes to the test if you're shooting people who. just go slow to experience you're going. to have to put his arms who are going to tell you the god's will so. rooms where you are looks as if the absurdity of his program is actually lost on rick because in true rick scott passion and that of changing the 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 a 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
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should know 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 peak up after all according to the miami herald state lawmaker jimmy smith including politicians would be political theater and we don't want to say that it was found to be unconstitutional to drug test elected officials because it prevents us as citizens from having that first amendment right the 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 that 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 the a.c.l.u. with labor unions anybody with common sense and saying if this is absolutely
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ridiculous having a policy with random drug testing based on no suspicion of violate the rights of state employees and let's look at stocks policies. as a whole when he implemented the testing for welfare recipients he was hoping to prove that there was a correlation between the poor and drug use at which he failed or rather the backtracking when he learned the hard way that that wasn't the case he was fellow republicans just moved full speed ahead let's just drug test the whole goddamn states except of course the people who actually helped make this bill into law a lot of people aren't suspecting that this bill is going to end up on the supreme court docket someday but let me say i'm going to give rick scott's and i it's tool time award. i guide the time for happy hour and joining me this evening are lauren lyster host of the capital account here on r.t.
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and anthony rand as a director of economic research for the reason foundation hello alone. talk about the pirate bay shall we they're always in the new they have there's a lot of hate towards pirate bay just a quick points. now the power of race is facing shutdown local entertainment industry is celebrating a victory they said the site was merely a 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 and they fear that way of their airplane or machines are going to be shut down with airplanes in order to shut down the system a real act of war. i like and yes even us authorities are after them so they're playing their of us there already know he airspace over
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a certain country that still has laws that apply to others like the us does let's turn program i don't. think it's it's fascinating it's really clever the weird thing though is that they think that if they get shot down it's an act of war i would like to see them fight back they're not real pirates. here. i think it's nice idea but i don't foresee i don't think about actually getting shut down it does make it as it were nothing has made an interesting legal case that because they are not physically on the soil it's not clear. this is a new legal challenges we face every day the rod returns the drones any fall over its soil hopefully no their drones will fall on their own servers. yes that would definitely be fortunate was one of the story. my take on there is you know we have a growing population of people that aren't religious in the us the a.v.s. population is growing and so if we really want to just try to expand religious
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freedom try to get to understand each other i think that there are more mature ways of going about it what's happening here on this highway in polk county florida take a look. we could show be destroyed that's thirty seven it's somewhere under this grand last year on the road. so this here the atheists are going to washington. 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 take on this a little unlike 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. south carolina's got a lot of really weird nearly. no doubt because you already know. carolina its very well this story. for another back to back to florida part of the atheist legitimizing this by the day care what i'm saying there are
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a lot of people right like me really going to take all your time to go wash the pool but i wonder if you're an atheist this doesn't matter there's no blessing it's there's no there's no difference between you know one of them so i would you you know so you're destroying some it's probably blessed like everything i think the best part about the story that was after they washed it away the christians who spread the holy water prayed that the but the would be arrested or kicked out of polk county and head up 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 you know as weird as christians who do all that weird behavior that seems very counter i think that they can look great i think that's absolutely. why did he really not for a very very either side try to the oil and sort of i thought it was neat holy water if you don't know it well you can only answer lama nation. a little closer every
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day exactly. this next story basically we just like to make and really awkward every time he comes on the show so we're going to talk about vaginas and. fives 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. going behind. people in need of a giant and then send it to their representatives just. like i want to write. neater crochet of a giant her uterus print a message to enclose mail it to your mail senator congressional representative and then they're in the process of arranging hand delivery to be aggression offices in washington until then you can just mail it in but i really hope that all these offices just are being flooded with needed vagina and a little to do you think they're going to open them for the messages. you know they say there are such good ones you can put it there are plenty of amateur stuff or
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just well. i guarantee it so what would you say in your joint i say stay out of my china. that is that is something that should be clipped ansermet please take this i run with. perfect statement to put your need yes i know what you said was actually the purpose they can recover after i can't wait for what the a lot of. youtube viewers are going to be what he said he would title of his video is going to be on youtube definitely well you can. i'm glad i'm not your little girl so hard right now. to our last story here which is that. revolves around the first daughters we're here obama actually mentioned them quite a bit it's usually kind of a little like warning we think alike jonas brothers are here. somewhere so are huge fans. but boys or get any
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ideas is own son. this is the only it is a parks and recreation thing. is the only thing she thinks is worth a go. but it's a million times a haitian in mexico right now she just happens to have twenty five secret service agents with her keeping her safe and this is just what i like we have time for this but rick santorum is basically saying that because i'm going to ration recently declared certain areas unsafe for americans but this is a really bad example and he should be sending the v.a. to mexico what is the administration do that the president's actions should reflect what is ministration. and you know if the administration saying it's not safe to have people down there just because you're concerned twenty five secret service agents present you should do it you should. examine why does the president through
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this other examples are you going to hear it anyway real quick. studio look pretty cool but my point is what is it that the administration does not piss off rick santorum and and try taking that rationale back to your teenage daughter who really wants to go to mexico. thanks for joining me tonight got a rap out that's a pretty nice job thanks for joining in make me come back tomorrow for just because 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 you can catch everything on you tube and coming up thanks jason.
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well for the future of science technology innovation it's called the least i'm elements from around russia we've dumped the future of coverage. wealthy british scientists on. the title. market finance scandal. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report on our keep. the fifty feet.
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