daniel levy, i'll start with you. they ave agreed to meet again in two weeks. is that important or the least you expected? >> it would be a bit of a damp squibb if this was the first and last meeting. it's important that the process is now under way. benjamin net jew not engaged in the past at the israeli negotiator or substantive financial status issues. the palestinian authority has spent a long period of time in such talks not really the case with the israeli side. so it's important to at least explore how far the parties can go and then where the american role can come in in bridging what remains to be bridged if this will succeed. >> woodruff: so hisham melhem, in two weeks they're meeting again, netanyahu and abbas. and hillary clinton will there. is that significant? >> absolutely. they have to send the message to the palestinians and the iranians that this is a serious prospect. it's also important for them to settle the issue now which is the 26th of this month what's going to happen on that date where the so-called moratorium will end and... >> woodru

what a you looking for daniel levy to know whether there's progress or not? >> i'm looking to see the extension at least of this compromise moratorium that has been for ten months and i'm looking to see also whether the american side acknowledges that israel is a reluctant withdrawer, a reluctant ender of occupation. and how do you bring israel to that position and probably to acknowledge that at some stage you're going to have to broaden the base of who is involved on the palestinian side, not hamas directly but a broader base. and in the region. i think you'll need to try to get a broader process going with more arab states with syria and lebanon. >> woodruff: but first this meeting in two weeks. we'll leave it there. daniel levy, hisham melhem, thank you both. >> lehrer: and again to the latest on iraq from margaret warner. she reports from baghdad on iraq's political stalemate. >> warner: the book market along baghdad's mutanabi street is a reminder of the city's faded past, where students hawk pamphlets, intellectuals look for their favorite authors, and

the other person, daniel levy, is the typical leftist point of view. you keep on hearing this over and over again, that if only netanyahu pressured the israelis to give in more and more, there would be peace. we are talking about two partners, a recalcitrant person is right wing israel. i will give you an example. there was an attack yesterday in israel. four jews were brutally murdered. so what did we get? we got condemnation from moscow abbas. -- mark would abbas -- mahmoud abbas. he said there should be no bloodshed in the middle east. in these attacks against arabs, let us say, four israeli soldiers when they are defending themselves, he calls it in the airport attack. it seems like a minor point, but the so-called palestinian mentality does not look at this as an abhorrent act. host: let me give mr. levy is a chance to respond. guest: both president abbas and prime minister and the 10 yahoo! represent their own people, their own narratives -- netanyahu represent their own people, their own narratives. if something happens to palestinian civilians,

the other person, daniel levy, is the typical leftist point of view. you keep on hearing this over and over again, that if only netanyahu pressured the israelis to give in more and more, there would be peace. we are talking about two partners, a recalcitrant person is right wing israel. i will give you an example. there was an attack yesterday in israel. four jews were brutally murdered. so what did we get? we got condemnation from moscow abbas. -- mark would abbas -- mahmoud abbas. he said there should be no bloodshed in the middle east. in these attacks against arabs, let us say, four israeli soldiers when they are defending themselves, he calls it in the airport attack. it seems like a minor point, but the so-called palestinian mentality does not look at this as an abhorrent act. host: let me give mr. levy is a chance to respond. guest: both president abbas and prime minister and the 10 yahoo! represent their own people, their own narratives -- netanyahu represent their own people, their own narratives. if something happens to palestinian civilians,

daniel levy, former special advisory to prime ministerehud barak. later, secretary of state hillary clinton will be joined by israeli prime minister benjamin netanyahu and palestinian authority president mahmoud abbas. is their first face-to-face meeting since 2008. we expect to hear from special on boy george mitchell. live coverage thursday at 10:00 a.m. on c-span. >> c-span campaign 2010 coverage continues tonight with the california senate debate between incumbent barbara boxer and republican candidate carly fiorina. this is the first debate between the two candidates and they will answer questions from a panel of california political reporters. that is live tonight at 10 eastern on c-span. >> there is nothing about finance that is like rocket science. you think about ponzi schemes. the biggest ponzi scheme for wall street is telling someone who has worked really hard to earn a buck that they are not smart enough to understand how that but is going to be invested. >> in 2007, analyst meredith whitney was the first to predict major losses for cit