up a mountain and that you're losing people along the way you know trying to get to the top of mount everest or something and along the way people die off and then eventually somebody makes it to the top and they're the big winner but when they come down from the mountain they find that. civilization is dead there's nobody to talk to because of this absurd notion that it's an adventure an expedition and an organic functioning economy that is close to the ecology is even out of a smith would tell you that there has to be some equilibrium and not just one winner at the end who ends up alone and crying well the world you've described there coming down from the mountain sound a lot like planets of the apes we're talking about monkeys here. it is like we constantly it's just nobody has learned the banks the mortgage lenders and the mortgage the borrowers apparently just there is nothing that will stop us from being stupid other than a planet of the sort of devastation well the technology the financial engineering over the past forty years and going up the gold standard has allowed for this layeri

mount everest is more than 3,000 feet shorter than the length of the dive. so if you flip mt.est upside down in the ocean, it won't reach where he's trying to go. "the abyss" went deep in the ocean, but this time there is no yelling "cut." the x-prize foundation is going to give a purse, a million dollars, to the team who gets there first. right now it appears james cameron is closer. he's been doing test dives off new guinea, and cnn is the only team aboard james cameron's ship. in fact, our crew includes jason carroll, so he's going to be filing reports as this whole thing gets underway. two other men made it to the challanger deep, actually did it together back in 1960. don walsh and swift oce oceanographer, made it to that part of the ocean. and i want to bring in a man i know has ocean in his veins. he is cnn special correspondent and environmentalist phillipe cousteau. nice having you back on. you actually knew don wal is this -- walsh, but first, the technology has changed significantly since then, yes? >> yes, it has. and the bath escape triast, that was the vessel she

. >> right after the break we'll interview eric who climbed the highest mountain in the world, mount everest, but he's gay, excuse me, he's blind, we'll hear about that coming up. >> that is misspeaking. here is another one, vice president george hw bush talking about ronald reagan. >> for seven-and-a-half years ai worked alongside him, proud to be his partner, we had trials, we made some mistakes, we've had some sex -- setbacks. >> that is misspeaking. misspeaking is when you mean to say one word but something else comes out entirely. >> one of the most difficult problems he or she will face in 2008? >> there you go. why don't we ask osama bin laden -- osama obama. >> that is misspeaking. here is a more recent example. >> i am confident with the leadership and the backing of the american people, president obama will turn this country around. we believe in america. we believe that our best days are ahead of us. >> president romney excuse me. president romney. president romney. grr. >> that is one of the ways you know something is misstatement, maybe everybody laughs, or you make a noise and

the highest mountain is mount everest. that's over five miles high.lix baumgartner will have to go much higher. 23 miles. where the atmosphere ends and space begins. he'll be taken up all that way by balloon inside a capsule. when he jumps out, all that will protect him is a pressurized suit. if the suit leaks at this altitude, his blood will begin to boil and he'll pass out. >> you're doing great. you're keeping it right there. >> reporter: so engineers have developed an advanced pressure suit to protect him. the team has carried out its final tests and say that it's now ready for the jump. felix baumgartner will fall so fast that he may break the sound barrier. that's a moment that the new technologies in his suit will be pushed to their limit. palab gosh, bbc news. >> good luck. >> when he re-enters the atmosphere there's a chance that he could blow up in flames. >> like space junk. speaking of space junk. we're on our way in to work tonight. we took the >>> this morning on "world news now" -- sky scandal. they are paid with your tax dollars to pre

here is mount everest, 29,000 feet. go up to where we fly in the commercial aircraft at 35,000 feet. you think what that looks like from a commercial airplane. the concorde used to fly at 60,000 feet. that gives us a sense. this is free fall record with a parachute. 103,000 feet. here is look where he is attempting to do this from, 120,000 feet which is, you give us a sense, tom, how close that is to what we consider space? >> for all practical purposes it is space. there is almost no air. he would be dead in seconds if his pressure suit failed. joe witte inker the guy did this for the air force in 1960 held the record. he is advising baumgartner how to do it safely. they have safety at the top of the priority list. that is good. john clark, the flight surgeon involved was one of my shuttle flight surgeons. they are getting good expertise. i think it will come off successfully this summer. >> i read something that at these heights your blood could literally boil. give us a sense what happens inside the human body at the

there are the mount everest maneuvers. some like to joke that is why i lost my hair.these revenue growth companies. when they break up of being a small business, they go all the way to a billion. in canada, they call it a hockey stick. it turns out to be quantitatively 50 million in sales. the odds, if you have a high sales growth rate after 50 million sales, the odds of the company going to a billion is over 80%. it is possible to grow a billion dollar business. it is a statistical fact. i hope the ceos will demonstrate that to you today. whether you look back in history at facebook or staples. you will find that they all have a common pattern. if you normalize america's growth companies since 1980, at 50 million in revenue, they all have financial growth. the time to 1 billion is 4, 6, and 12 years. every company that has gone public since then has fallen one of these patterns. this was true when i found it five years ago. it has been true for the past five years. it is true today. based on a four-year projected. it is going to be true for the next decade. the impli

there are small businesses in start-ups that continue to grow, mount everest maneuvers, and then there are the compound in revenue growth companies. when they break out from being a small business, they go all the way to 1 billion. curve, any of the kurdknee ofe which turns out to be 50 billion in sales. if you have a high growth rate after 50 million in sales, the odds of your company going to 1 billion is over 80%. it is possible to grow and $80 billion business as soon as 50 million. it is a statistical fact i hope these ceos will demonstrate that you today. whether you look back in history at mount facebook or staples or tractor supply, you will find they all had a common pattern. if you normalize america's growth company since 1980, at 50 million in revenue, they all had exponential growth. every company debt has gone public since then has fallen one of the teeth -- been following one of the three time frames to 1 billion. it is true today with the companies like facebook. and it is going to be true for the next decade. the implication is whether you are a startup, small business