back from the break but for the really matter when a zombie banks are still alive and well and we return. those numbers given we heard in the park hardly seems worth the lead i think the rock the bombings beautiful and one hundred twelve lead lead. we never got the live shows there for keep him safe get ready you can see the air freedom. still very much like. love and they alone are still you know get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those

stories that people actually care about and transfer them back in t.v. . you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm sorry welcome to the big picture .

our guys it's time for you said it i read it right take time to respond to my brilliance and engaging your comments on facebook twitter and you tube because we've got some you say listen now first i want to respond to one of our viewers that watched my interview with lawrence krauss on the largest atheist gathering in history really for a reason that he bridges comments on facebook one reason people dislike atheists like this so much is their offensive use of put downs on religious people and are deeply held beliefs if they want respect to cool it with the hateful language now i definitely understand where our viewers coming from here well atheists may be cutting and mocking they don't have the one thing of the religious right this country has and that's power i don't think there's any reason to put down those who

are religious but i also don't think there's any reason for those in power many of whom are religious to press their beliefs onto the rest of us tolerance should be had on both sides and i think we've seen over the past several months that it's not the least the next i want to share some of our viewer comments on american youth turning away from cars blood six to six commented on you tube backstory america's use shining diamonds jets cruise ships mansions now wait they just can't afford the they have for tame sea geary called it on you tube it costs so much to operate a car that most young people see it as a bird it and john bird comments are on you tube it would cost me thirty six hundred dollars a year to park in my own condo that i have to pay for parking wherever i go that's probably another three thousand a year parking over sixty six hundred a year just to park a car don't even get me on gas prices so i think of the take away here is our first pensive expense that many of us right now just can't afford i do think of the cultural shifts that we discussed on last night's show are also part of this

equation and now to round out the evening or two of you are with a bevy of very important questions zero sixty five commented do they ever drink up those martinis or do they pour it back or is it just water. well i don't have to plead the fifth on this one and mystery of the martini must remain and that's it for tonight that's it for the night and i'll be back with more as usual next week. oh many times on this show just because how for profit universities have made a mark for themselves by scanning students particularly veterans keen on earning an education after putting their lives on the line corporate schools like kaplan divine the university of phoenix they've all pushed their degrees on veterans by using recruiters on the military base that advertise on the armed forces network and pledge websites to make but think of their flexible programs are the way forward now the marketing campaigns couldn't be any further from the truth according to v.a. and senate education committee data from two thousand and two thousand and eleven that a for profit schools received the most g.i.

benefits and extraordinarily high dropout rate just over fifty three percent of students who enrolled in bachelor's programs and just over sixty percent of students who enrolled in an associate's program dropped out of the school now the university of texas on the other hand one of the largest public universities in the country they only have a twenty six percent rate of undergraduate dropouts by comparison and university of maryland only thirteen percent of undergraduates drop out unsurprisingly student loan defaults are more also more likely for profit colleges according to the department of education only twelve percent of students attend for profit colleges but the institutions are responsible for forty five percent of federal student loan defaults so for profit schools are failing both utterance and civilians and taxpayers are on the hook for a pretty penny to between two thousand and six and two thousand and ten the amount of military education benefits ending up at just twenty for profit colleges has increased from over sixty six million to over five hundred twenty million over all

twenty ten seventy cents out of every dollar of revenue it sixty three percent of accredited for profit colleges came from federal aid and the entire industry took in about twenty four billion dollars of taxpayer money in two thousand and eight alone that's according to the cognitive education so if you thought that all the grouping of veterans and underprivileged kids was bad for profit colleges southern california coming under fire for taking it to the lunatic fringe and surprise surprise the military industrial complex is the heart of the shade just take a look at this ad from the international career development college. it's a timer eleventh two thousand and one. now more than half of our nation needs qualified homeland security which we can't afford to let the stuff. i see college you can make a difference with green homeland security america strong as a reserve pretty sure i understand what it means to be committed to our country to protect the citizens of this great nation homeland security breach i c d c

colleagues will prepare you for a career. yes considering that marketing masterpiece complete with september eleventh exploitation chip star editor erica and cool sound effects who wouldn't want to attend the well according to a thirty million dollars class action lawsuit against the reported by the courthouse news service and school isn't quite so glamorous will help the lead plaintiff in a case alleges that i.c.c. is guilty of using unfair business practices false advertising intentional fraud negligence misrepresentation all violating the consumer legal remedies act and unjust enrichment quite a list and in the real world says that most graduates have quote little or no hope of working out the united states of our homeland security despite the fact that with her homeland security features prominently in two of their degrees it's putting that glossy also alleges the program has no quality control plaintiffs

argued the school trick students into rolling because it fights postgraduate employment i rate of ninety five percent that's a ginned up number that includes part time gig jobs that don't require degrees so in other words this program allegedly amounts to glorified security guard training . so launching this matter in the grand scheme of things we've discussed that many times are for on this show with a higher education budgets contracting for for profit colleges are increasingly being seen as an alternative and president obama has tried to regulate the industry as so-called gainful employment regulations are due to come out as here are made to be seen what sort of oversight he has to offer a lot of lead challenger mitt romney and the president in january what people like brian will have to expect that. the west of education is just like. is there any billion your kid is theirs and. i happen to think that competition is a great. source of invention and improve and and i i see

the advent of for profit institutions are very good you know the president and his supporters don't like i actually like the idea of competition in higher education. yeah if mitt romney is elected president vulnerable desperate students can expect themselves to be taken for right presumably struck to the roof a cart after all let's not forget some of romney's major campaign donors such as full sail university c.e.o. bill have been or are so-called education entrepreneurs the sort of people are the sort who see people like ryan will have as little more than a source of revenue and with romney's list of number one of those expanding veterans and underprivileged students looking to climb the national security state hierarchy and expect to end up at schools like i.c.t. see all these people and of having their rights protected it's not forget that mitt romney thinks that for profit schools are people too my friend. these days european leaders are signaling that the eurozone crisis has been contained for the time

prime minister mario monti said that the euro zone's woes are almost over german chancellor angela merkel said that the crisis is as big and here in the u.s. well fed chief ben bernanke he did say that it's too early to declare victory in his usual cautious way of speaking he also pointed out improving signs the economy is not just we'd like to talk about putting off crisis or look at weekly monthly economic indicators as none of it matters long as we still have zombie banks will bailed out and propped up by natural institutions still hurt us all in the long run and nobody wants to admit it to anyone from our studio in new york is yellin our neron senior writer bloomberg news and author of zombie banks how broken banks and debtor nations are crippling the global economy thank you so much for joining us tonight. i know first of all what do you think of these statements right when you hear people like angela merkel or mario monti's say that hey guys we made it crisis averted what are your thoughts. the first time they're saying it if you remember

two thousand and ten after the greek first greek bailout they said the same crisis was averted and ireland and portugal had to be bailed out after those early two thousand and eleven crisis was a good number to everything was stocks were rising. we went back to the drawing board and we had to bail out greece a second time as you know so every year around this time crisis seems to be overrated. it keeps coming back and as you mentioned as my book explains as long as we have a financial system in europe and in the us that is full of zombie banks that are bailed out we cannot fix the problems fundamentally without the problems being fixed the crisis will never go away all right said how if in your words what exactly is the bank. when you write about in your book you wanted to reduce the readers to go back to the epic of gilgamesh. yes i do and that's

a five thousand year old epic poem it's you know we all love zombies they're the living among us and we're scared of them because they. think they might eat us as well in the epic actually the eat with us which means they eat the same food and you know when there's not enough food and then leaving people that don't have enough it's the same with zombie banks they compete with our food banks they should be dead but they're not because they've been rescued by their governments. then the share the same resources they take the money away and they don't give it back to the economy and because of that they actually keep blocking the return of economic growth so that's why they're bad they don't need human beings but the money and that's just as harmful in an economy that's trying to recover. yeah they're hungry right because part of the problem that we saw have is that you have these financial

institutions that have a lot of cash and they continue to hoard it they're not exactly giving it out and lending it and then at the same time you have these banks that are just totally gaming the system gypping the taxpayers gypping the federal government if you look at some of the information that's coming out about the way that they're using these loan modification programs and you look at the foreclosure fraud settlement and so . what do you do about zombie banks because at this point there they've been propped up we're past the original crisis what you do with the zombie bank now. well what we need to do here in the u.s. and in europe is. to get rid of them to resolve them to take them over and want to find them down and. frank act actually has a resolution authority given to the f.b.i. see and that the government can use. the european countries have similar resolution powers that be good to their regulators they should use those and take those banks

and sell the good parts of them to other banks or other investors and take the bad assets on their books put it away and slowly sell those over years which has been done in sweden in the ninety's norway in the scandinavian countries it's been done in some asian countries in the past so it's doable and it should be done and that way the healthy banks actually will be getting the credit and they will be able to lend to consumers and companies and then the economy the world economy can actually. recover and go up as it should oh you make it sound so easy let's not forget there's a lot of power think that involved here. there's not a lot of willpower to actually enforce much of it and a lot of people still think that it didn't go far enough and so just lastly you know you mentioned the fact that if we look at the arab spring. or what's going on around the world people don't want to make this connection between monetary policy

and what we actually see happening politically so tell us more about that. well of course you know there's so much money being sloshing around around the world not right now our fed started printing money in two thousand and eight nine and printed about three trillion dollars and then the e.c.b. has picked it up last year and this year and they've printed about two trillion dollars. and all that money is rushing around it creates commodity inflation that's why prices are being going up it creates food inflation in countries like the middle east and when people can't afford to buy their food then it creates rest and . you know it's not only greece where the policies of the government are are causing unrest all these monetary policy is printing money and creating worldwide inflation is hurting people who are or is livelihood depends on going to cheap food

and affordable gasoline we complain when it hits four dollars a gallon but in some countries that actually means people can't take their sick to the hospital so you know that's why all these events around the world are connected to the free money that central banks in the west are spreading around the world i guess you know the more obvious you make that to people that may be the third party you know that's a start right away to change the system thanks so much for joining us tonight. thank you for. the brooklyn park slope co-op voted down a ban on israeli products last night and it got so heated that even that mayor bloomberg and his comments on a war and are happy our families are going into debt just educate their children already in her garden and alisa silverstone feeds her child like a bird all that with a. good.

story. to understand it. and realize that everything. is a big. mystery . but in the run itself you'll

get a real headline from the sun. the problem with the mainstream media today is that they're completely disconnected from the viewers and for what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it and we're trying to take those stories that people actually care about and transfer them back in t.v. . is the state run english speaking russian channel it's kind of like. russia today has an extremely confrontational stance when it comes to us.

guys it's time for tonight's tool time award and tonight once again go to new york city mayor michael bloomberg a man to really seems like bloomberg is trying to give santorum run for his money and the battle for told times in front of the right but then i bloomberg is taking time away from his own war on food to address someone else's he parts local ox warren food to be exact it last night historic co-op which has been around and politically active since the seventy's they voted on whether or not to ban israeli food products from the co-op and protests of israel's treatment of palestinians and that cements are that shoe thousand people attended the meeting last night and it took two hours for all of them to get inside the gym where this meeting was held so this video of the line well basically is so long you could play for this entire segment and still not reach the end of it because the vote on the issue became

a national story caused so much controversy of the debate the vote also to become a base of its own new york magazine writer chadwick matlin who attended this meeting mockingly wrote it become about what park slope you know brooklyn new york city you know america thought about israeli politics palestinian politics it felt well turns out that caught voted against a boycotting one thousand and five votes to six hundred fifty three but per usual this just couldn't be a discussion about how a certain organization in new york felt about the israeli palestinian conflict because as we've mentioned multiple times on the show as an american if you take any stance on israel but isn't explicit in unwavering support well you might as well be a terrorist on a plane with a box cutter and that's exactly where michael bloomberg and here's the story seeing as this was all playing out in new york city just had to weigh in on the matter let's take a look at his take on the co-op vote. has nothing to do with the food the issue is there are people who want israel to be trying to porridge and everybody to be

massacred in america is not going to let that happen. wow so if you've got concerns over the treatment of palestinians who let's not forget are people too then automatically you want all israelis to be massacred i mean really an organization considers protesting israel in a peaceful way by simply not telling the good marshmallows and certainly they're calling for the massacre of millions of people who want who wouldn't jump to that conclusion right now i can't really get on board of the cause of those ban either because let's be honest if you were to really be comprehensive about banning food from countries where you think there are human rights violations whatever cause it is that you're champing at the camp meeting at the moment your diet would get pretty restricted pretty fast so boycotts of this nature they can get really out of control reaching the point of almost being commie and i think that most of you remember when france didn't back the u.s. in the war in iraq and freedom fries were introduced to the congressional cafeteria and always on the side

a heaping order of freedom fries you can steal the liberty coat your arteries but not anymore i guess because a few weeks ago the cafeteria at the u.s. capitol went back to calling them french fries i can't believe they did last right but the reality is if people want to discuss a boycott of something they should be able to discuss it vote on it without michael bloomberg calling them de facto mass murderers so for making it absurd jump from a vote in a local co-op to the mass murder of all israelis think about fear mongering michael bloomberg is tonight's kill time where. our guy had time for happy hour friendly this evening r.t. producer jenny churchill and derek thompson senior editor at the atlantic. hey guys all right let's take a look i see you seen

a lot of people wearing hoodies. in solitary with trayvon martin lately and some workers of the bobby rush trying to do this on the house floor. and someone with. a hoodie there's not. much. in the line. so basically what happened is he had to be escorted off the house floor because he broke the rules which is that you can't wear a hat on the floor this is just ridiculous i mean it is just too bad because this is a really serious issue the trayvon martin issue serious and it's times like this just make us talk about the stuff and i do but you do it so you think that him wearing a hoodie is ridiculous you know the fact we kicked him out i mean no i don't think he he broke the law in order to get people to talk about the fact that he's breaking the law to a certain extent i suppose you're broke the law if you really. are i don't really

like to make a political statement to just make a political statement is going to be true i mean i've got of course i'm sensitive to his end goal here i just feel like he's going about in a way this distraction from the major issue i actually agree with eric and i think that this whole where the hoodie thing has gotten completely out of control and i just i think that it's important that we keep in mind here that there is a child who was dead and that his family is seeking to get rid of me i want justice yes very true but i mean also some stupid rules like you were in the house floor because he was there is somebody that brought a baby on the house floor when he was you know and they were debating i'm sure with all the care that's it it takes her there actually to get a baby camera hat. i don't like the rules and you know everybody peter siddle been but maybe you should have held the city you would have been fine if you held the city for a baby and i'm ready possibly i don't know that might have worked well all right rather next. you know school can get very expensive these days obviously student

loan debt past a trillion dollars is now bigger than credit card debt by student loans are also on the rise for other schools to. dozens of parents are probably a little groggy today after spending the night camped out in wellington all to secure their kids the spot increased school some waited in line at st peter's united methodist church for nearly twenty four hours. all right though let me backtrack a little bit the point is that it's getting so crazy that you have parents getting in line trying to get their kids into preschools and kindergartens and now the student loans are even on the rise for kindergarten you know on the one hand i agree with you that i think it's crazy it least it seems crazy it is unique and unusual but at the same time we stand in line for lots of things that are stupid we stand in line for smartphones we stand in line for i did you know you should actually know that's exactly what education is actually extremely important every piece of evidence that exists so that education from the k.

to twelve level and after improves lifetime earnings so why not try to get together because it took a little rest and i are going to you but i don't think that the education that you pay for is always the best education and i think that kids that are in public schools can you just as well and better than people in private schools if their parents are involved and engaged and if they're you know really putting their kids to do things and i don't know you're all about also it's nice to be assured we should make a decision and they're saying you know given what we know about the public schools in our area versus the private schools we think that it's so important that a kid gets into this private school who are willing to stand in line just to be good for an i phone i actually don't think that's so crazy i think what's more crazy actually is the fact that we haven't found ways to smartly control education costs and that's what's behind all the student loan debt that's what's behind the college student loan debt and increasingly uncertain what bizarrely kilograms you gave back in lungs out in college and student loan debt for people sending their kids to private schools in elementary school and high school is completely different really yeah i do i think i think they're very close i think it's along

the spectrum it's investing in the human capital of your child or investing in your own human capital and from what we know in a modern globalized technologically driven economy human capital is all there is so i view with your thing. so you need to do a lot better at last other countries or economies i guess you could say that the entire country right tries to invest in this so that you don't have to do it was really you know we didn't have to stand in line because we all just had great schools to go to depend on where you live and the quality of the education you receive depend on your socioeconomic status it was pretty what a great story would be if people in nigeria egypt in sri lanka were standing in line for their kids to get into the best schools we would celebrate this is when you develop countries realise that education but secure economic advance. all right i think we're going to have to leave it at that very compassionate about this are you guys that are out but thanks so much for joining me tonight that's it i am so thanks for tuning in admission to come back tomorrow sarah jaffe from alter net going to be on to talk about the life for workers after the struction of collective bargaining rights in the meantime don't forget to become

a fan of the ilona show on facebook and follow us on twitter if you missed any of tonight's show or any other nights catch telling him to dot com slash you on the show and coming up that is the new. issue is that so much of. which of course you are on it. would be rivals by wall street protesters are coming out of their winter hibernation with plans to review demonstrations six months. well for british scientists such as a time tirelessly to attack our. markets why now fellow and find out what's really happening to the global economy

with much stronger for a no holds barred look at the global financial headlines tune into cars a report on r g. up. up up. up .