after robbing him, rutledge then shot the man five times, killing him instantly.llet contained $20. when rutledge arrived on death row at 22, the threat of execution pushed him to the edge. >> life on death row, to me, was a very traumatic experience. i stayed in the cell 23 hours a day. i felt lost, confused, devastated. and knowing that you're going to die, that they sent you there to die, it have an even more vicious effect on your mentality and that death was definitely next. i went through a mental stage where i like lost my mind. >> since coming off death row, mitch rutledge has taught himself to read and write and earned his ged. now he expresses himself through his writing. >> i consider myself a poet. but i wrote this because at this particular time, it was a friend of mine being executed, and i was deeply wounded by that. and i was deeply touched. "tonight, death has been called forward once again from the life it resides in to carry out the wishes of the state of alabama in the execution of another death row inmate. death all smiles tonight. it didn't h

on the halftime report last week john rutledge of rutledge capital told us the pull-back was a buying opportunity. >> western investors decided that china is going to crash and burn about once every three months. and then a number comes out and convinces them otherwise. this is one of those times. china is slowing, but not crashing. and the stocks are all down today. so i'm a buyer. >> how about it, rutledge buying any of those dips. you see the industrials today. china growth fears overblown, overrated. so says not only steven roach, but mr. rutledge. >> i'll say i don't see a hard landing, but what do i know. things can change very quickly. a lot of this data is coming from official sources. what i would say is that this area has not been acting that well. there are some stand-out names by caterpillar that do look good. but in the main, i don't want to have a portfolio that's heavily overweight things like iron ore or industrial machinery. i don't see the excitement happening there. and there are areas that are acting really well. technology, health care. way not he can if a size wh

john rutledge in beijing is also chairman of rutledge capital.o have you on the show today to follow on your friend stephen roach talked about on the top of the show meaning that the slowdown and the concerns about it are overrated. do you agree? >> yeah. i think so. nice to be with you. you know, western investors decided that china's going to crash and burn about once every three months and then the number comes out and convinces them otherwise. this is one of those times. china is slowing but not crashing and the stocks down today. i'm a buyer. >> let's talk about that, right. mr. roach talked about when's happening, boots on the ground. talk about what you're doing as an investor related to what's happening in china. seen the materials stocks pull back today, concerns from the miners whether it's the names which are both in the portfolio. >> sure. absolutely. well, you know, investing directly in to china is very risky because the institutions are so weak with audits, financial statements and the like so i like it through bank shots through m

john rutledge was later served on the supreme court. he basically helps when the american war for independence from the satellite as governor so a very important in individual needs of know this constitution you have written mr. madison is not going to work in south carolina. we need to modify this thing. so that is what happens in philadelphia and in fact one historian has called it the miracle of philadelphia because no one was sure of this thing would get out of philadelphia to begin with. there were so many different ideas and opinions floating around in philadelphia that they appeared in the constitution was going to die before the middle of the summer of 1787. and the story you often hear about the constitution is simple. it's the large states against small states. dickinson, sherman a rutledge all came from small states. medicine of courses from a very large state, but that's not the real issue. in fact the real issue was what type of government were we going to have? was a going to be a national government or a federal governmen

dickinson and sherman and rutledge came from small states. medicine from a large state. but what type of government would rehab? so today we have a federal government. the founding generation did not call it that coming out of philadelphia. masonry one to a federal government to use madison wanted national. there is a difference. federal is general and only had general-purpose this basically everything else was left to the states themselves. and national government put all power in the central authority. when you talk about general verses federal. you still hear the term that we are a nation. the founding generation and say it is a general government for general purposes. when the constitution came out to nobody was sure if it would get ratified. they poured their hearts out but no one was sure if it would make it out of nine states which is all that was required. that it had to be sold i do bring up the philadelphia convention because sometimes you cannot understand the language without knowing what they meant but to oftentimes it cannot understand of less what they sai

john rutledge, of course, would later serve on the supreme court. he basically helped win the american war for independence in south carolina from the saddle of governor. so a very important individual. and he said, no, this constitution that you've written, mr. madison, is not going to work in south carolina. we need to modify this thing. so that's what happens in philadelphia. in fact, one historian has called it the miracle in philadelphia because no one was even sure if it was going to get out of philadelphia to begin with. there were so many different ideas floating around that it appeared that the constitution was going to die before the middle of the summer of 1787. and the story that you often hear about that constitution is simple. it's the large states against the small states. the people i just listed -- dickenson, sherman and rutledge -- all came from small states. madison, of course, is from a very large state. but that's not the real issue. the real issue was what type of government were we going to have. was it going to be a national

rutledge was diagnosed with stage four lung cancer. draft says she had never smoked, lived a very healthy life stie. although there's a huge amount of work to be done, draft says he has seen tremendous progress. >> when you look at some of the numbers, it might not be that different from say 30 years ago, but there's a lot of things changing. there is hope for people. >> there is hope. addition to bringing attention to it, he is also an ed block courage award winner. >>> the protesters are back out in front of the u.s. supreme court. inside the focus went to what would happen if one part is declared unconstitutional. yesterday some of the justices indicated they might strike down portions of the law. in 2014 states would -- some argue that should ab state's rights issue. so whatever the justices decide, we won't find out until june when that ruling comes down. >>> a bus goes up in flames. it had about 26 people on board. why the driver had no idea about the fire. what started out as a peaceful protest turned destructive. >>> a greyhoun

. >> reporter: glenda rutledge lost her two daughters that august night in 1992. >> some of them areoing to change their minds. they're always going to think anthony graves is guilty no matter what i say. how do you get upset with them? they're as much a victim of what happened as anthony graves is. >> reporter: for his own troubles, anthony graves should have been paid $1.4 million when he was released. that's what the state of texas figures 18 years of wrongful imprisonment is worth. but there was a paperwork snafu; his release documents never used the words "actual innocence," so texas refused to pay. >> two words, two words. they're holding me hostage behind two words. >> reporter: finally, after nine months of public pressure, the legislature passed and the governor was quick to sign a special measure awarding him the money. graves credited "48 hours mystery" for drawing attention to what he was owed. but he had already won the biggest fight of his life, for his life and for his freedom. >> you could put your hands out and touch both walls where i was living at, you know. >> rep

. >> reporter: glenda rutledge lost her two daughters that august night in 1992. >> some of them are going to change their minds. they're always going to think anthony graves is guilty no matter what i say. how do you get upset with them? they're as much a victim of what happened as anthony graves is. >> reporter: for his own troubles, anthony graves should have been paid $1.4 million when he was released. that's what the state of texas figures 18 years of wrongful imprisonment is worth. but there was a paperwork snafu; his release documents never used the words "actual innocence," so texas refused to pay. >> two words, two words. they're holding me hostage behind two words. >> reporter: finally, after nine months of public pressure, the legislature passed and the governor was quick to sign a special measure awarding him the money. graves credited "48 hours mystery" for drawing attention to what he was owed. but he had already won the biggest fight of his life, for his life and for his freedom. >> you could put your hands out and touch both walls where i was living at, you know. >> r

dickenson, sherman, ann rutledge all came from small states. madison, of course, from a very large state. but that's not the real issue. the real issue was what type of government or we going to have, in national government or federal government we had a federal government. did all that. did in college that panetta philadelphia. people like dickenson and sherman n. ravitch said we don't want and that -- natural government, we won a federal government. james madison won the natural government. there's a difference. federal government was a general government. we only had general purposes in mind, and that basically everything else was left to the states themselves. that is what the majority of the founding generation argue for. not a natural government, which basically put all power in the central authority. they were going to have that. so when you start talking about general versus federal and national versus federal, these are important terms. in fact and they haven't gone away. you still hear the term, united states is a nation today, and sa

rutledge adding to his stock, cortes adding to shorts.hat's the battleground. >> thank you very much. we've been reporting about the recent surge in treasury yields, but what do they mean for you and for business? kelly evans is here with a look at that. >> want to put this in context for people. >> exactly. for those who don't remember the double digit moves we've seen in the past. >> right. when .10% is a huge move. when we look at the benchmark 10-year treasury note, that's one mortgage rates are keyed off and everyone focuses on for a gauge of what's happening. we've seen that move from under % to over 2% in the context of that moving by about .03%. this move is what has helped spur talk and moves among people that the long 30-year rally in bonds is coming to a close and rates are only headed higher from here. we have them now of course seeing an immediate reaction, when the 10-year moves you see a repricing from mortgage rates to auto loans, so many products across the economy are variable rates which means they're based on what happ

john rutledge, thank you. peter, and steven. coming up on "kudlow" another case of obama overreach.his is different than the trade story. the irs is demanding a fee, a tax for what they call licensed tax preparers. it's nothing more than an irs shakedown. it can hurt businesses, especially small ones. it also hurts the economy. this one is not a good obama story. i'm can youed loy. we'll be right back. 3q we always hear about jobs leaving america. here's a chance to create jobs in america. oil sands projects, like kearl, and the keystone pipeline will provide secure and reliable energy to the united states. over the coming years, projects like these could create more than half a million jobs in the us alone. from the canadian border, through the mid west, to the gulf coast. benefiting hundreds of thousands of families throughout the country. this is just what our economy needs right now. the two trains and a bus to the 5:00 arider.holar. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where y

are you concerned tom rutledge, a number of significant execs out there, a lot of competition from verizon's with david, because that mean no price controls. charter, comcast, time warner cable, they're all hitting new highs, so cable vision at 1425. they spun off amc, we know that one will be sold. that's done a fabulous job, whether it's "mad men" or "the walking dead" i don't want to talk about walking dead in this room, but -- >> out of. >> but elf jeremy lin that's lit up msg, so now we go back to cablevision. 270 million shares are out, our clients own a fairly significant position, but we own a lot of cable keys. fios is important. >> it also brings prices down and doesn't allow them to. >> that's not correct, because they have $10 billion of debt, ebitda of better -- they can sell off the acquisition they made -- >> just made the acquisition, they're going to sell it off? >> already enhanced the economic value. there's three or four other -- stay tuned, david. >> okay. do you ever sell the stock? you've owned the thing -- >> we were down to zero a few years ago. we voted again -- >>

john rutledge was on and he said exactly the same thing. . that everybody getting all excited about, oh, my god, there's only 7.5% or 8 respect growth in china, don't worry about china. china is better than you think. these are the guys who have their boots on the ground. >> it's a fair point. i just think at a point when industrialized nations are largely deleveraging, they have debt problem, their demographics are changing, it's the chinas of the world that have been powering things forward. >>> let's move on. bank of america rolling out a pilot program that will offer rentals as a foreclosure alternative. the customer will be able to lease their home for up to three years at or below the rental market rate. the mortgage to lease program will only be available to fewer than 1 thurks b of a customers, they'll be selected by the bank in test har kets in arizona, nevada and this morning. an invitation only program. >> it's odd, though. you get rid of your mortgage debt, you walk away, it's not like walking away and having that drag after you,