the view people start to think of it is very arcane because like all policy you know it's a little complicated so little technical but it sort of completely fell off the political agenda and people are only now just starting to remember that this institution is probably the most powerful force shaping the labor market and so in that sense you know one of the things we keep hearing about this election in november is it's going to be a referendum on president obama's economic policies what about ben bernanke is policy as you know do we need a referendum on the fed chairman as well well i mean exactly we should the primary institution that's responsible for sort of stabilizing the economy for fighting unemployment things like that is the federal reserve not something that the president in the congress deal with directly and we've lost a little bit of sight of that but the president has also lost sight of it he spent a long time not nominating members for the fed board he simply reappointed the guy he did heritage from george w. bush didn't sort of deliver change in that front and he's paying the price for it do you think that ben bernanke he has sway over president obama meaning bring about

this in more of a historical perspective we want to talk about the relationship between clinton and greenspan right where greenspan had this ability to almost issue threats is going to have that all i mean he may you know it was very clear at the beginning of the clinton administration that alan greenspan wanted deficit and he wanted deficit reduction as the price for sort of monetary policy that would fight unemployment whether that same thing is happening now we can't really know but it seems like it may be one factor that motivates the white house for sort of deficit reduction. in that sense i mean if you look at the economy right now it's just not good news anywhere we had another horrible jobs report for the month of may if you look at europe and what's happening unemployment is at record highs not only that we're seeing growth slow in india are seeing growth slow in china and russia as well so. when you things in store for the global economy well you know it's a very rocky situation and we saw a testimony this week from central. bankers in europe in the united states where

they looked at this slowing growth they said you know it's a problem it's really bad but they don't really say that we're going to do anything they don't quite seem willing to sort of step on the gas and try to help stabilize things even though everyone agrees that the world economy is moving down. but ben bernanke i mean in testimony he says that that they're ready to act if need be right finally someone is saying that we need to pay attention to what's going on in europe but how much more can the fed really do right if interest rates are already at zero meaning is another round of quantitative easing really going to do more than perhaps provide or you know a really temporary boost to the markets well i think the kind of fun davies saying that they've done has had a big impact but there's a lot that you can do and it has to do with influencing expectations of the future and try to make a clear statement that he wants to see an economy with more demand and if that produces a little bit of inflation if you have millions of unemployed people go get jobs and start commuting to work and start moving out from their parents' basements you know gasoline prices will go up rents will go up and the federal reserve need to say

that they're ok with that that that's a healthy sign for covering the economy and that will help give a boost to investment in real estate to investment in expanded production and really could accomplish a great deal but they haven't been willing to take that step but do you think that people have become a little bit too dependent on central bankers i mean obviously we still have this attitude of too big to fail on wall street if you think about it and i mean same thing and i know that the markets are volatile you can't necessarily base everything on how the stocks are reacting rad day but if ben bernanke he gives a press conference then suddenly everything shoots back up after everybody was worried about spain yesterday let's say well exactly but i mean that's a sign of central bank failure you know monetary policy is always important but when it's being done correctly it doesn't move markets because people just expect it to be done correctly and so the banks the financial system wall street is all looking for other things that are outside the system it's because they haven't been consistently doing their. well there were instead always sort of on the edge of our

seats trying to see what's you can say for now it ought to be boring unfortunately it's become too intense. too interesting i mean that's interesting because we were we are in this era where you know the federal reserve used to be something that was kind of a mystery because it had lacked any transparency for most americans now we at least got some audits when it came to who they bailed out and how much money they gave to them now you have ben bernanke giving press conferences these teaching lectures that are posted on line is this a new era of the fed is the fed going to try to be cool i mean you also have this kind of ron paul wave of people that are really interested in abolishing the fed but nonetheless they're at least talking about it would prevent these mean response to taking a lot of criticism has been to try to become more open to become public to teach these college classes to speak more and you know that's nice but the main reason he came in for all this criticism is that the state of the economy is so bad and which really want a central banker who doesn't effective job of stabilizing demand which point no one

cares about or you know criticism is limited to some pranks you know a couple of press conferences can't make up for years of mass unemployment i want to go back to something that i mean part of the problem here is that we have an economy you know where demand is of course an issue where we do have this fund employee generation that is now living with their parents how do you put that into perspective with you know what it is that you write about too in terms of the rent being too damn high for going to live in cities and how you know commuting everything really stalls our ability to grow i mean it's a huge problem if you look even now in a depressed economy in a very let down construction market there's still lots of places words extremely expensive even if you were allowed to throw up some more apartment buildings in the san francisco area in the new york area around boston you know people would live in the price of housing and major american cities is through the roof and we have the ability to build more houses for people but a lot of times people say you know they want to block renters from coming into their neighborhood but they don't like it if young. people move in lower income

people and so they've zone people out of a lot of these desirable neighborhoods and you know it's a long term problem but it plays into our short term how does that play into housing which if you ask me is the most. underdeveloped farther we nobody talks about how that affects our economy and why we're still in this right there right now you know it's linked in we had for the past several decades sort of policy around the idea of homeownership and it inflated home values as a way to sort of build wealth into building we ought to see it as part of the cost of living that you know people need to be able to afford a house to live in to have kids and to fit their family into and it's not a source of wealth to have houses be expensive and then to have people borrowing against the houses and taking out these mortgages and that sort of process it ran aground but we haven't yet built that kind of that new housing company that's built around you know just having enough space and the meantime i guess you and i we both live in d.c. and it's not a cheap city so we're just going to have to keep paying rent there's way too damn

high that the way it is thanks so much for joining us tonight from slate and author also other friends to them i think the one of the big things here at the net roots nation conference is that it's about activism we want to know how to get young people specifically if you ask me engaged in politics or whatever it is that their cause is and one of the ways you can do that especially these days with this generation is by using technology and so today we have a very cool guest who's got a company called loud sighs this is con muchly who is the founder of loud and so called on i guess to start off by telling us what that is a different interesting name but it doesn't tell me much i think it's funny i mean actually came from a crowdsourcing thing but it kind of means the sauce that makes things louder i think you know sauce is a way for crowds of people to raise money specifically for buying advertising space for things that are under promoted in the culture so it could be for political causes it could be for nonprofit organizations could be. you know set

a goal of like five hundred dollars a thousand dollars spread the word among your friends and then if the goal is reached then we'll actually put an ad on national t.v. or put up a billboard or you know have a make a video that by media for a video that actually reaches people that wouldn't see it on facebook or twitter what's the best car i mean how often does it happen that aside from when you pass this along to your friends it becomes this advertising campaign that people can actually see out at the time that i would say reach the most people was tobar aware that occupy wall street was kind of happening and somebody made a thirty second video on the streets of new york somebody found it put out loud saucier is six thousand dollars on a life less than a week and then we were able to air a national t.v. and even aired on fox news of all places and that because of the moment of that it also had a. media it was on t.v. the story itself was interesting and i think that's what's what's amazing about the time we live in is that social media is very powerful like organic spread but then when money's involved it becomes even more interesting like regular people are

spending money to try to buy advertising for things they care about it's sort of like like written mainstream media is interested in that story it's and so you get this kind of double hit of like earned media plus bought media to reach not just like a you know the few hundred people in your network but actually millions of people for the ads and to get the word out there and you know i think it's really important that news i mean do you consider yourself a competitor to the big advertising firms out there and because i feel like every step of the way when you see some kind of a new project when you see progress guess who's usually trying to block it i mean for that you know whether it be on capitol hill you know where else it is the bank and three they don't want competitors so for i don't think we're really competitive i think eventually perhaps we might be seen as i think actually we made is you know cut out the mad men which is more in that spirit of like you know let's actually tax the the advertising industry but i think realistically the advertising is going to say stick around. ever there is money to be spent there trying to reach people

what i think allows us is a sort of creating as a new. customer of advertising like people who never have traditionally thought of even using the media or just regular people artists musicians will start to actually realize they can spend money in strategic ways to use everything so in some respects the advertisers will be happy there's even more money being spent on advertising like a new a new we're creating even additional market ok but then you hit upon something where you want to talk that advertising there's always money to be spent but is there necessarily money to be made for her firm like yourself and if you look at what's going on in silicon valley right now with so many of these tech companies house on that where it's you want to talk about the five i suddenly everyone's wondering if there's a bubble of there's a lot of real value in it because you got to now have the what comes next yeah well i would respond by saying that most of the infrastructure around technology and advertising that's been built over the last twenty years with silicon valley is

very specific about what optimizing targeting for for the people that are already spending money and you know facebook's the the epitome of getting a free service that for users is free except we give up all of our information so that they were going to be targeted by advertising and that's mostly the carmyle that's not going away time soon but i think what we're doing is actually completely different we're saying like forget all these like crazy millions of companies that are all trying to optimize for targeting for this let's go from like one side which is the advertisers to the audience we're saying let's just talk to the audience and let the audience start to actually target themselves like in some respects the audience is best positioned to understand what the audience wants and so if we actually start to give some of that power of targeting and advertising it and open that process up in the same way that the internet is now for so many industries i think that a higher percentage of the online population will start to realize whoa maybe we can reach you know my people like my mom in ohio or. people like my uncle

a person of faith in mississippi and instead of only like the big boys trying to target messages we can sort of begin to understand how we reach each other i mean look this is this is further down the road but i think actually we have a chance to really you know reduce the amount of spending and wasteful spending happening out of ties and so that what's actually what the media of our times is being used for is more things that people actually value and finance and how important our young people into this entire equation because people like you know myself to even really relate to the general kind of advertising that carry more i mean i feel like there's a lot of pressure turning family out of pharmaceutical commercials that are out there but you know but what about you and i what about younger generations they just don't care and i feel like you know whatever's out there in the mainstream meanings to reagan and now we're going to be no it doesn't relate to people like yeah i think you're right that you know that the old ways of marketing in terms of the old school t.v. ads and the far lower working less less effect when i think that's why there's i

think young people are more attuned to like authenticity in culture that you know because we've been exposed to so much advertising we were young we sort of are more media literate young people or than the average like sixty year olds and so we kind of see through the. power of the board of advertising and so that's why i think there's a chance for something like allows us to succeed is that we're not trying to promote stuff just because we want to make money for some company like this is about promoting authentic culture and so i think that young people are critical to this because young people are the ones that actually are able to generate high quality videos themselves like they know that's not a legal way to do it you know they do it yeah and they also have the networks and the share trust to be able to say hey guys this is worth chipping in twenty five bucks so that we can help reach people that are not our friends and i think that it fits more and more clearly with the culture that's rising right now online you know they want they want to just promote social causes and i promote their cool friend that's doing some kickstarter project. there are there from the has

a company on etsy that's selling interesting stuff like those guys don't do any advertising right now i could be in some way the board want to marry you know very interesting idea and i guess that's what this place is for right is to come up with these new ideas and share them so much learn about loud thoughts thanks so much for joining us thanks so much. there hasn't been a theme get on t.v. . it is to get the maximum political impact. before the source material is what helps keep journalism honest. we want to present. something real. good are sometimes you see a story and it seems so poorly 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 tom harkin welcomes a big picture. little . older. girl i look up on. the street. where i go. to all the songs.

i got it it's time for a happy hour and tonight we're doing our happy hour here at murphy's bar in providence rhode island we're here for the net roots nation conference and so joining me this evening for happy hour first next to me i have nato green comedian who's also got a new album out called the nato green party that we have julie on for lotto post absurdity today also comedian and david pac-man who you guys know host of the david pacman show so let's get started before we get started nato seem to be in favor of control just for me. to do what i gotta go to work on the know it because what a gentleman i think you. ok guys so people are going crazy over something that

president obama said while he was at another fundraiser at the home of the creator of glee and they're trying to decide if they think it may have been a sex joke or not he basically was talking about push ups between michelle obama and elena generous and said i want to thank my wonderful friend who accept a little bit of teasing about michelle beating her in push ups but i think she claims michelle didn't go all the way down and that's what i heard let me set the record straight michelle outdoes me of push ups as well and so some people are trying to decide if the president made a little a little you know b.j. joe talking about going all the way down what do you think because i think it's about time you made a b.j. i think what if that whole entire presidency i mean let's do a little with b.j. just probably a sexual double entendres all that's a. stimulus package is what we're talking about missile is that all the stuff. that i think i'll just give you the no i missiles stimulus o's. careful what you

bring out of obama is just the fact your idea of lack of interest in the what. good are these really the phrases always mean. ok i suppose you made that joke you probably did i don't but i you probably didn't make the joke i mean it and let's not talk about the first lady that way. but who knows i think it's a part of fate of the whole point because people are so obviously desperate for the president to make a b.j. joke. our next story here there are a lot of stupid criminals out there i think we find this out all the time and this story isn't it's not funny because someone got hurt you know i mean these two people are being investigated. or perhaps strangling this nineteen year old girl but it is the things that were found on their computers and what they were asking which makes them seem like a stupid criminal that are for example some of the questions are. what's on those

rags that make people pass out another question could you kill someone in their sleep and no one would think it was you and that of course there was thirteen ways to poison someone on paper basically just certainly read their posts and everything and be out already spent. on their computer i think it is tragic that kids today have to go to. him arguing we need to live the dewey decimal system when you go to why we would open up starts we knew where the burger and people such as you actually go to do some work to do so he went to yahoo why not google makes they were you know to visit they used don't trust me god only answer doesn't ask doug kohn which does seem a little dated list because though a lot of those questions are just internet truly great i mean the questions are just put up there just to see what you have to sue not everybody who actually asked one of these questions is really putting it. no but these guys are not yeah i would

hope not well we know we don't know because there's an investigation that is going on but they're accused of strangling in one thousand year old for drug money but this so clearly they didn't get the answers that they wanted about the chloroform clearly they didn't find out when you put it in the rag for killing u.s. troops to do so so what. you are just going to get ways over things besides just how do you know which is the press is where the going to kill someone is it just tells us how inaccurate some of these answers are right because if you're searching for how to kill someone and get away with a stranger you use definitely not on that list that you march right fingerprints that that would be on you know it is yeah it's definitely not on the list so they if they're guilty are horrible people and they also don't know how to use the internet properly you know it's just sad i guess that that this is what people spend their time doing on line a way to get away with it is just a. very good very good. very good maybe they

would have been maybe they would have been found out how things better passwords had a better protection system online and lately we've seen a lot of leaks right recently linked in profiles i think there was some dating web site that got leaked too and so here the people in the atlantic where they're asking if it's the end of the password as we know it's because this guy who invented the five crepes back in one nine hundred ninety five his name is henning camp he just wrote his personal blog saying that the entire system that he created is obsolete that people need to create new password systems a lot more protections and i mean i don't know what is what about tony right because we do see passwords being leaked all the time yeah and you know i think even the people there which shouldn't be the first day i actually know people still have their birth date as the password it was the middle name and things like that so if you just eliminate those i think that number's practical way way down. well

they kind of deserve it though if they're putting their birthday on still kind of i'm assuming you're looking at the entire concert system i mean i'm assuming that what he's saying here is that you can still have a different password for every possible you use if you have that kind of incredible memory but it's just a crappy so what are they going to do instead of high standards you know what i'm going to raise the issues to. you try being circular. do because you know it was wrong this is every five cripps this ever but i mean there's all kinds of he needs it so there's a strong words grambling are going to take you where they are a little above my head but i would hope the people who are creating jobs are it's you know they're talking to because there's a lot of emerson's a lot of what ampersands ok if you go to one hundred keyboard and you know it was real good at the end so i worked those into my grassroots thanks for letting us know you know this is a national show you know. if i knew it was a trick i did not mean i'm pretty sure that he just gave you an unwritten agreement is necessary to have. if you're going.

to know he's going to preserve it yeah that's true it's true here's what you have to say about this one. we live in a world where there's a lot of you know materialism really how you look becomes very important maybe a little less so in washington d.c. believe me i live in washington d.c. but i'm from l.a. and you know it's a tough town in that sense but it turns out that recent conflicts surgery statistics show that there are thirty seven percent fewer americans who got nose jobs in two thousand and eleven than there were in two thousand so nose jobs are on the decline however they're on the rise in certain groups like hispanics and even americans and some people i mean this is just the bells taking they're saying this means that if you are jewish girls are getting nose jobs you know hearing about their letters and also. i say the less the fewer nose jobs the better but is it

true for you so what are more people getting their jobs and. getting their there obviously because of it being an economy thing they have to pick like we're all part of this job somebody who doesn't need to do if it is that you know in tough economic times maybe you're not going to think that that nose job or that tummy tuck in is really the most important thing to spend your money on that's when it's a recession so it's sort of a district or maybe they'll have like a living social deal where you can get your nose job for like a like a cheaper amount or something three parts or something get one free even when she died one can look into not about the only reception left on the bus happy i think probably less you know you kind of music always be it but also it's probably that those are kind of turning for exotic looking women that are becoming more and more popular in popular culture or maybe some of these women now have someone on t.v. their nose will eat too and they think of it as attractive to me is going to change my clothes which was the no this is or it's all because that's

a very exciting answer that's very well thought out i think if i was just thinking that maybe we could open up like a like a quickie service like a place where people can go get all their plastic surgery needs done by a cancer surgery jiffy boob or something you know something like that you just drive and get everything done all in one place make. our guys before iraq but i'm here to i'm kind of curious i was going to talk about more zombies because it just seems like every day there's a new zombie story that is out there and it's freaking me out and i think that it's creepy know what's happening in the world but you know any thoughts on the net roots of what's going on here and think of all zombies. totally zombies and i think there's a lot of all the confusion in the media between cannibal and zombie recently because really notice that in a lot of these stories it seems like all of a sudden hannibal in tempe is the sense through their receding into different things at play i don't know these people are actually going to be in something because they're not that's not their natural not a living. dead real thing as far as we know i think it's discrimination it's so i

think it comes to releasing energy out of those yeah i think so or you can some of these are part of the early. part of your life a lot of what you shouldn't do exports we would all go to finally getting the truth because that's the way you lose all because to get his employees are doing something was i don't want to have to say next week on nothing else i guess is to see how far we've come though if you want to talk about it you know the news is and when they actually talk about things like this as a zombie apocalypse and that's really a fact of these this entire i never as a regular apocalypse isn't enough like a zombie apocalypse because we've got to be the next big big big thing our guys i got to wrap it up but nato giuliana david thank you it so much for joining us tonight this was fun.

british. what's really happening to the global economy. the global financial headlines.

the u.n. monitors investigating reports. syria find evidence of human remains in homes this is the u.n. the steps up pressure on both damascus and rebels to lay down their all. russia crushes the czech republic for one it is first game is the euro two thousand and twelve football championship but there has been controversy as host nations ukraine and poland have been accused of human rights abuses and racism. the eurozone on the edge of experts predict spain is about to ask for a bailout but is desperately scramble to save.

good to have you with us here on r.t. our top story u.n. observers in syria are investigating the site of the latest man. occur near the city of hama where it's claimed up to a hundred people were killed and initial reports say human remains have been found at the scene and many houses have been burned to the ground this is the u.n. tries to put additional pressure on damascus to prevent the country from sliding into a full scale war kofi annan has also urged the anti assad forces to lay down their arms clashes between troops and rebel fighters have intensified over recent weeks alongside nationwide rallies against the ongoing violence artie's marie if an ocean reports from damascus. we've been hearing different takes from the opposition and from the syrian government the opposition is claim is that the syrian army shelled peaceful farming village in central syria and.