michael barron, welcome to "nightly business report." >> thank you for having me. >> tom: retail sporting goods are among the best performing, why is that? >> people keep buying industry has gotten more efficient. dick's sporting goods has revolutionized things. >> tom: you mentioned dick's, and this has been among the leaders. recent better than expected earnings performance fueled the stock to a new 52-week high. and hibits, a nice rally. dick's up 58%, and hick's up 59%. >> in the five years presiding the financial crisis, i think the average compounded annual growth rate was 2%. the crisis was tough, but it made these companies step up their game and manage inventory better. >> tom: those are the individual stories, and what about consolidation to drive some of the economies to scale? >> not so much for dick's, dick's is the industry leader. hibit is smaller. they're in the southwest region and could be take out by a dick's. >> tom: and it has a different retail strategy. it likes to partner with big retailers. >> they look for a rea

. >> john and anika barron are the first to visit the weight loss camp designed to mirror what you see on the television show. hard work, intense training, the big payoff. >> the first week, i think breathing was optional. it was pretty tough. it was really tough, especially on my husband. i was like, oh, my gosh, what did i get us into? >> she was watching the biggest loser and saw an ad about the resort. her plan was to get she and her husband in shape. now it's something john is grateful for. >> when we first came here, i had a hard time walking the three flights of stairs up above. then after that first week, i got up to the top of the stairs, went, okay. and it was getting progressively better. >> this ride, like the show, is no cake walk. four hours of exercise in the morning, three more in the afternoon. in between, a little rest and a lot of food knowledge. >> people, you know, leave. that's when you have to go chase them and talk to them. you know, people have meltdowns. >> john is trohe resort what bo and gillian are to the tv show. sometimes therapists, most time motivator.

with norman ornstein who we saw in the last panel and campaign finance will be there with michael barrone. that gets started in just a few minutes. next week the national oil spill commission starting two days of hearings on its preliminary findings of the causes in the oil rig explosion. we'll have live coverage here on c-span2 that begins monday at 9 a.m. eastern. >> another look now at the midterm elections, the faith and freedom coalition hosted this discussion with chairman raffle reed. it's about 45 minutes. [inaudible conversations] >> okay, well, good morning, everybody. i'm ralph reed, the founder and chairman for the faith and freedom coalition, a profamily conservative and profree private organization. we were founded in the summer of 2009 with the express and explicit purpose of ensuring that conservative people of faith and their conservative allies particularly though not exclusively, evangelical christians and mass atepidding catholics were registered to vote, engaged, and turning out to the polls in record numbers and i would say this morning we can say mission accomplishe

david barron, who is a professor at harvard law school. he recently returned to harvard from serving in the obama administration where he was acting assistant general from 2009 to 2010. he often writes about federalism, the place of cities and constitutional law and the executive branch. in 2008 professor barron and are besser marty lederman were an influential pair of articles in the harvard law a review on the commander in chief. professor baron also served in the executive branch before going into the academy as an attorney adviser in the office of legal counsel and the department of justice and he was also a law clerk to my colleague, stephen reinhardt. next to him is mariano-florentino cuellar. professor of cuellar is a professor at stanford and faculty scholar at stanford law school. he too has recently returned from the academy from the executive branch in 2009 to 2010 he served as special assistant to the president for justice and regulatory policy. this summer president obama pointed him to the council of the administrative confer

now we're going to go to barron calling in from pittsburgh, pennsylvania on the phone. >> caller: i'm a house within the next year, and i was wonderering how much should i set aside for closing costs and a down payment. >> well, your cheapest bet is an fha loan and they require 20% down. and that's roughly $500 or maybe $480 at the very least, to get that good long. but $1,500 to close the deal, that's really all you'll need. >> thank you. >> now we have got a viewer e-mail. george writes i'm 56-year-olds old and i own my own home my credit rating is bad, but i have been working on bringing it up. should i take advantage of the market conditions and invest in one of the cheap houses in my area, maybe a multifamily. >> go to a mortgage broker and see if you can get the financing. once that is established, then what you should do is shop both the sale and the rental markets so you really understand values, what you can rent it for if you buy it at a certain price. do not go and buy your first multifamily building. it's too much too soon, buy one house and see how well you do with it. bu

david barron, who is a professor at harvard law school.e recently returned to harvard from serving in the obama administration where he was acting assistant general from 2009 to 2010. he often writes about federalism, the place of cities and constitutional law and the executive branch. in 2008 professor barron and are besser marty lederman were an influential pair of articles in the harvard law a review on the commander in chief. professor baron also served in the executive branch before going into the academy as an attorney adviser in the office of legal counsel and the department of justice and he was also a law clerk to my colleague, stephen reinhardt. next to him is mariano-florentino cuellar. professor of cuellar is a professor at stanford and faculty scholar at stanford law school. he too has recently returned from the academy from the executive branch in 2009 to 2010 he served as special assistant to the president for justice and regulatory policy. this summer president obama pointed him to the council of the administrative conferen

pulitzer is like a robert barron.est people in new york were coming in and entrusting him with their pennies and nickels. in return, he was putting their name in the newspaper. a kid with the street arabs, or you are you are -- urge comment. it was build with the money, and it was erected with the money of these people. pulitzer was changing the new york landscape by his new use of media and emptily if iing trust. we have foundations and 501c3s. so there's another change that's going to go on that's going to symbolize how he's changed our lives and created -- it was the midlife of the modern mass media. his paper has become such a success. pulitzer's life is becoming a dramatic change. he's falling blind. like bay toe venn who can't here his own music. french's hotel. he had thrown him out of the hotel. he buys the headquarters later. park row is significant. this is the world before twitter, cnn, before the instant communications. if you wanted to know who won the election, go down to park row. and on the buildings,

the first question i would like to ask is to professor barron. you mentioned that the security apparatus and legislation was different from the financial apparatus because the security apparatus rarely gives up any powers aggregated to itself. once the financial credit is now working out into a serious of independent commissions which will decentralize within the federal government i imagine, the exercise of powers. there has been some recent questions about whether that is really taking place or not and it centers on the lack of nominations and filling up the positions created in a dodd-frank bill for the various agencies. for instance elizabeth warren who has been tapped, not as the director of the consumer protection bureau but to serve in the treasury department as an adviser to the director for the bureau. she will not only -- somebody else to be the director for the bureau or act like mr. cheney did and nominate himself. do you see that the structure of disburse regulation of the executive is not really happening and perhaps the white house

we have our associate editor at barron's. the question is, we did add 151,000 new jobs. can you say we turned a corner? it sounds from anthony mason's piece like we have. >> we have in terms of the private sector trend. it is slowly strengthening. it's not enough to recover much of the jobs lost in the recession, but the trend is positive. >> 8.5 million jobs lost and 15 million people unemployed by the numbers. at what point do we say we will take the jobs back? >> hard to say, but the leading indicators of job growth, the workweek was lengthening and that shows employers have to keep people on. pay was up and temporary hiring was positive and that means big companies that are financially strong should be starting to do permanent hiring before too long. >> the companies that are hireing for education to health services and the temporary workers. are those the same services and retailers and the types of industries we will see strong going forward? do we need to see an emergence of a new industry? >> i think education and health care because they track demographic, retai

there's michael barrone and author of the editor of the almanac of american politics. it's important to understand our politics in the elections and i always say this, i'm going to get michael to do this, best book in my view on the history of america in the 20th century called our country that came out in 1991 that i think it should be updated. people here should nag him to do a second edition after the panel. fred barns here. weave started the standard and fred was at baltimore sun before that, and obviously one of the leading political journalists of our day, author of a very important book on the bush presidency, a rebel and chief, and also is on fox news. he's indispensable reading and in his columns and blog entries. before that he was at the weekly standard in the late 90 until his stint at the gnarl review precluded him from writing for a competitor and now is liberated that and back at the standard, and he has the platform he deserves. byoron is a leader in politics. to the left is the congressional correspondent, chief congressional correspondent for the wash

now we're going to go to barron calling in from pisburgh, pennsylvania on the phone. >> caller: i'm tryingl you'll need. >> thank you. >> now we have got a viewer e-mail. george writes i'm 56-year-olds old and i own my own home my credit rating is bad, but i he been working on bringing it up. should i take advantage of the market conditions and invest in one of the cheap houses in my ar, maybe a multifamily. >> go to a mortgage broker and see if you can get the financing. once that is established, then what you should do is shop both the sale and the rental markets so you really understand values, what you can rent it for if you buy it at a certain price. do not go and buy your first multifamily building. it's too much too soon, buy one house and see how well you do with it. but that sounds like an awful lot to take on in the gego. >>> and still ahead, we have got another hit performed by singer songwriter bruno mars. berry-topped, almond strudel pie? ♪ triple-chocolate-swirl brownie? ♪ [ sk sampler ] crunchy, berry, nutty, chocolatey goodness? [ female announcer ] when watching your weigh

mice barron started a business out of the living room of their home in 30 plus years later was a multilane dell or company but the one thing we knew was there is never a day it was easy. there was an average day we didn't look at yesterday and say what could we have done better or look at tomorrow. i started doing accounting when i was 13. it was at that point when i learned the value of a dollar. it was at that point as i grew up that i saw how hard government was on businesses. i saw how hard it was for businesses to make a dollar and how easy it was for government to take it. i did what my parents always said instead of complaining about it i got involved in the legislature and what i saw him as we came into this governor's race was yes south carolina had a republican house and the republican senate and the republican government but that was not good enough. we need to have a conservative house, conservative senate and a conservative governor and we need to happen in every state in the country. so what we saw saw was we had an arrogant statehouse legislature, we had an arrogant federal

honor to bring up someone whose books i have sold in our book shop for many years, and that's michael barron, spent two years at yale while president bush was there as well, although their tracks didn't cross then. he is the senior political analyst for the "washington examiner" and a resident seller at the american enterprise institute, a fox channel contributor and co-author of the almanac of american politics. he has written for many publications, including the columnist, "the new york times," and "the sunday times of london" he is a member of the "washington post" editorial page. please give him a warm welcome. [applause] >> thank you very much. it's an honor to be here, and it's an honor to be able to introduce the 43rd president of the united states, george walker bush. [applause] [applause] >> thank you all. >> thank you. please be seated. >> before we begin, i want to thank you for your leadership of the miami community college. i have had the honor of giving the graduation speech here when i was the president, and i am thankful for inviting me back. and mitch i want to thank you for