newman baum's home movies captured the time for people like the baums, worthings, and widlitzes. families in a new community. [william levitt] regardless of what the place looked like, it filled a need for these young people that needed housing. for those people who moved to levittown and to levittown-type developments it paid off financially. the psychological payoff was perhaps more important. it gave these families a stake in their community. it gave them an anchor in kind of a rootless world, their own little piece of the universe. scientists say that nature abhors a vacuum. so does the marketplace. it was the unprecedented demand by veterans for affordable housing that drew thousands of builders into the low-cost housing market and built the foundation for postwar prosperity. we asked richard gill to analyze the forces that drew william levitt and the vets together. there was a large potential demand for housing in the postwar period, and william j. levitt supplied that demand. how does the market system work? through the laws of supply and demand. a professional economist i

newman baum's home movies captured the time for people like the baums, worthings, and widlitzes. families in a new community. [william levitt] regardless of what the place looked like, it filled a need for these young people that needed housing. for those people who moved to levittown and to levittown-type developments, it paid off financially. the psychological payoff was perhaps more important. it gave these families a stake in their community. it gave them an anchor in kind of a rootless world, their own little piece of the universe. scientists say that nature abhors a vacuum. so does the marketplace. it was the unprecedented demand by veterans for affordable housing that drew thousands of builders into the low-cost housing market and built the foundation for postwar prosperity. we asked richard gill to analyze the forces that drew william levitt and the vets together. there was a large potential demand for housing in the postwar period, and william j. levitt supplied that demand. how does the market system work? through the laws of supply and demand. a professional economist

andy baum is studyg post-traumatic stress disorder in veterans. [dr. baum] we bring vietnam veterans and various control group subjects into our laboratory, and we ask them to watch a film which most people would consider stressful, but which combat veterans may find more stressful because it's a film of combat surgery. we measure their blood pressure and their heart rate before, while, and after they view the film to see how reactive they are to that kind of stressful, relevant stimulus. plse work rapidly. we ask them questions about how they feel, whether they are experiencing symptoms of somatic problems-- headaches, backaches, pains-- whether they're depressed or anxious, and whether there are certain kinds of situations that seem to make them feel that way. i think the thing we're most interested in and the thing i most wt to understand how these acute events become such long-term albatrosses for people and why it is, while most people can deal with these thgs, why it is some people have so many difficults. i believe the long-term stress responses

. >> nomar: the ball looked like it was supposed to be a breaksing baum.ak much at all. hangs up there. and he gets on top of the ball. and drives it the other wave. the experiment is over. >> karl: this presentation of little league world series continues after this on our abc stations. bring your dog to work day. not our best idea. [ dog barks ] oh. it was a nice thought. [ male announcer ] some business decisions are better than others. the best decision is switching to verizon. choose verizon fios for 100% fiber optic fast internet and business class phone, both with 99.9% network reliability. all for just $99.99 a month with a two year price guarantee. plus get an additional line included. it's all backed by our worry free guarantee, plus get an additional line included. with no activation fees, and more. hurry and call 1.888.774.4418 to sign up. verizon. >> karl: california has had three innings in which they scored runs. three in the first, three in the second, six in the sixth. as connecticut started to experiment a little with pitchers, giving som

education going to be, versus the kind of measurements that many want to impose. >> suarez: sandy baumsistance to the kind of transparency anya kamenetz is talking about? >> i think there is some resistance to transparency and we do need data on individual students but we need to be careful. higher education is very diverse. and there is a lot of uncertainty. students will have trouble navigating the information and one of the things that is very important is we have to protect students for whom this doesn't work out well. the student loan proposals are terrifically important. maybe the most important thing is the administration proposes to notify students when they're getting into trouble, that they're getting into trouble, and there may be better options to protect them from defaulting on their student loans. that's very important. >> suarez: what happens now? >> well, right now there are lots of protections in place for students but they don't know about them, they don't know how to access them, so they get into trouble when they really don't have t >> suarez: president mellow, one

next batter, sack bunt, error on baum. sloppy baseball, don't punch the ceiling.6-1 brew crew in the 9th. >> 49ers, first pre-season game of year and could be the superbowl match-up with the niners and broncos. lawrence the british discus thrower. never played in a football game. his first contest against denver. he didn't know how to put his equipment on at first. 6'6", 305 pounds. here is jim harbaugh. >> he is not a good football player. his next thing is to be not a bad player. i want him to be a bad football player. that is the next jump up for lawrence. >> i wanted him to be a bad football player. cal is into third day of football under head coach. looking for good football players. trying to decide who is going to be a starting quarterback. zach competing with two freshman, jarret from marine catholic and junior out of colorado, austin, one of them will win the job august 31 against northwestern. >> we would like to do it as quickly as possible. hopefully somebody will make the decision easy. if not, make the decision. we have to give them a shot to see. >>

and i've been on so much lately, i kid you not, like -- >> wendy: oh, the one with the baum cream spinach> exactly. >> wendy: that's with the artichoke dip. >> i do the artichoke dip, the cheeseburgerith cheese and bacon take off the tomato, load wit the ketchup, mustard, french fries, and at the end a little piece of brownie and then you'r. >> wendy: but she's still very young. so one day that is going to catch up to you. >> don't over indulge. >> wendy: you are a sexy woman, you're flexible, and the "body party" video is no different in terms of sexy and flexible. tell everybody what a body party is? >> it can go with you and your person, your lover, your boo, to a group of people you and your friends -- you are having a party, a good time. more than anything, i want to bring back that when guys weren't too cool to slow dance. it's about that. >>> with so ciara's new yfriend is not exactly new. you have been with him for a pretty long time. >> yeah. >> wendy: how did we not find this out on "hot topics"? >> 15. >> wendy: apparently. so future, everybody, is the newest thing on the rap s

to know where monetary policy is headed and when the tapering will begin and now we have gary cole baum you for being with us. this seems the economy may not be that great but if the fed stays lose the stocks will stay up? >> yes. it is a direct correlation between the market and then printing 85 billion. there was a 17 percent correction and a 20 percent correction and if they have a little bit of new ways of market would get hit it into the media saying we will stay with us in the markets rebounded. dennis: aren't they just a bunch of fraidy-cat? they could take it back up if they want to. >> i would never use end of the world but the 10 year goes from one and 1/4 percent up at 2.eight that affects the cost of capital but most importantly with a direct correlation between the markets in the printing a i believe the markets are used to this effect changes markedly then there will be happy to pay in the market but the fed is watching the markets they know then they lose the market and there could be trouble ahead. dennis: what i don't understand if we look at stocks now for october of 2

at the beginning of the obama administration, there was the big reset, the attempt for baum to have aetter we lagsship with russia. does the fact that russia just denied the request of the u.s. to hand snowden over, does that indicate that things have seriously gone wrong? >> it seems like things are in a deep freeze now. compare this to the spy swap we had three summers ago in june or july 2010 when ten russian sleeper agents were found by the fbi all over the u.s. there were a quiet swap arranged, the spies crossed the tarmac, got into their separate planes and that was it. we've had this slow grinding. people in the white house that i've talked tore extremely angry at the russians. they're increasingly throwing their hands up and say how can we even work with this people? what are they good for? the problem is we need them a lot more than the russians need us. >> and there is point many possibly boycotting some kind of summit. do you think that actually will happen or is the need too strong? >> there's a g-20 summit in st. peter'sburg. obama is definitely going with that. then he w

and this is actually researched from some little economist, some who get a great hearing with the baumministration. if you look at actual behavior, we are at those levels. same thing with great britain. they raised top rates and they lost money. >> i was making a joke. it wonasn't very funny. where are they going? >> where are the people going? >> mm-hmm. >> you can get a very nice tax rate in hong kong, nice and low and flat. >> a lot in asia? >> a lot in asia. jimmy rogers going to asia, going to singapore. that's where the action is and that's where the loaf tax ratw are. >> when you do that, you can't come back. there are so many things you give up. you give up so much. >> absolutely. you can't say i want to be an american again and come on back. tax experts warn their clients you should view this as one-way ticket and they do it and in greater numbers. >> i think it's really sad. thank you so much, jimmy. it's something that makes me very, very sad for people to give up their american citizenship. when somebody was born in this country, it's even sadder. when -- >> i wouldn't leav

the bell from the 16th street baptist church in birmingham, baum that on a sunday in 1963 was bombedhere bells will be ringing around the country at the exact time that dr. martin luther king expressed the sentiment from the scene right there. we want to know how you are advancing the dream. that is a big qover the week. we asked you to snap a picture and you can visit to msnbc.com to see other pictures people have sent in to us as well. here are what some of my colleagues and some of you are telling us about advancing the dream as we head off to break. [ male announcer ] this one goes out to all the allergy muddlers. you know who you are. you can part a crowd, without saying a word... if you have yet to master the quiet sneeze... you stash tissues like a squirrel stashes nuts... well muddlers, muddle no more. try zyrtec®. it gives you powerful allergy relief. and zyrtec® is different than claritin® because zyrtec® starts working at hour one on the first day you take it. claritin® doesn't start working until hour three. zyrtec®. love the air. claritin® doesn't start working until hou

the world's biggest software company said ceo steve baum will retire within the next 12 months. microsoft will spend that time choosing his successor. balmer took over as ceo from bill gates 13 years ago. microsoft is part of nasdaq which is also gaining ground this morning. a technical glitch shut down trading yesterday for three hours. this was the latest in the series of problems. our geuest, a senior columnist t yahoo! finance. m how serious is this glitch? >> pretty serious. i don't think there was money in jeopardy during the three hours it was closed. kind of a blunt reminder we have a rickety system. it is just a data processing network. it's very intricate. it can't really deal with all the data traffic. >> how will they fix it? >> i think they have to invest more in systems and coordinating. there are dozens of trading platforms. it's not just two exchanges anymore. they all have to be very tightly coordinated in the back office sense. that's going to happen. obviously regulators are kind of on this. they've kind of needed a priority since the flash crash a few years a

if we can baum back to our live shot, you can see how many people are getting off the trains here.gers is, of course, parking. when we left the walnut creek b.a.r.t. station this morning, the lots were about two-thirds full. that was at about 6:50. the full trainses this morning, though, might -- trains this morning, mighting the beginning. we've talked to a lot of commuters who say if things are this busy this morning, they are already dreading the evening commute back to the east bay. we're live at the embarcadero station in san francisco, christien kafton, ktvu channel 2 news. >>> well, ferry riders did also line up early this morning to get a ride to work and coming up at 8:30 we'll tell you what riders say they learned from the mad scam bell during the b.a.r.t. strike -- scramble during the b.a.r.t. strike. and you can see people lined up there to get a bit. >>> when you combine the -- boat. >>> when you combine the bay bridge closure and the rim fire, labor day weekend will be anything but normal. a lot of travelers are canceling plans there because of all of the smoke and fi

like the loyal democrat he is he's taking orders from the baum campaign on how to run his daughter's. they told him to make a pitch on the internet for the women's vote and he sent a check to anthony weiner! >> the doctors told senator mcconnell that he had a kidney stone, he'd refuse to pass it! >> the people of kentucky have had enough of you fighting desperately to keep your job while doing nothing to help keep jobs in kentucky. >> pretty tough stuff. our chief political analyst gora bo -- gloria borger is here. is he really in trouble? kentucky? >> the polls are neck and neck. he won his last race by just a handful of points. but he's been careful here. he's pretty cagey. he's being challenged by a tea party person in the republican primary, but he's gotten the endorsement from rand paul, a favorite of the tea party. i think he's going to be okay there. but he does have a serious challenge from this woman and so he's taking it seriously and i think it's going to be a fight to the finish, wolf. it's going to be close. and don't forget, he is the leader of the republican party. >>

i think we have to take every step we can as we make policy to try and keep our eye on the baum of whatwing in the future. we have foreign policy decisions that are going to need to be made for reasons other than core economics and obviously we'll have to manage accordingly. in terms of fed tapering, you know, as treasury secretary, i will focus on core economics. we've seen -- >> how strong is the core economy? >> i think our core economy has been growing in the 2% range and i think it's important to note that that's with substantial head winds from federal policy. some on purpose, some not on purpose. we withdrew the payroll tax cut because there was a short-term policy that had to be withdrawn as we started to see economic growth. the across the board cuts of sequest trapgs are an unintended self inflicted wound in the short termment they were manet to be replaced by medium and long-term savings that would be a better path to the future. in spite of those drags on the economy, 23 are seeing 2% growth. as we get to the end of the 84, we think without the head winds of additional feder

it's a bit like a bouncing baum. the energy you feel from each ascent set of warnings ebbs.s an actual event to start it all up again. we noticed that again and again, brian mentioned growing up in ireland, that is true. people adjust their lifestyle and expectation around that. it ebbs away until an actual event occurs. >> karlsson, what's your biggest single worry right now? as somebody paid to manage mine? >> going into the fall, what the administration tries to do in terms of the debt ceiling and the budget for fiscal year beginning october 1 and the administration increasingly taking a got it alone, we're going to do this for the sake of the middle class ruling as opposed to governing. >> then one of the politicos said this morning, we are liable to be there again. >> history will be worse this time around. >> preferably. >> that's good. you guys take a couple months off, on "squawk box" last year, just changed the numbers on the dow. we had the same fights. >> it's economic uncertainty the markets don't like. >> and evaluations moved assuming optimism. so, therefore, a

and i've been on so much lately, i kid you not, like -- >> wendy: oh, the one with the baum cream spinachp, the cheeseburger with cheese and bacon, take off the tomato, load wit the ketchup, mustard, french fries, and at the end a little piece of brownie and then you'r. >> wendy: but she's still very young. so one day that is going to catch up to you. >> don't over indulge. >> wendy: you are a sexy woman, you're flexible, and the "body party" video is no different in terms of sexy and flexible. tell everybody what a body party is? >> it can go with you and your person, your lover, your boo, to a group of people you and your friends -- you are having a party, a good time. more than anything, i want to bring back that when guys weren't too cool to slow dance. it's about that. >>> with so ciara's new boyfriend is not exactly new. you have been with him for a pretty long time. >> yeah. >> wendy: how did we not find this out on "hot topics"? >> 15. >> wendy: apparently. so future, everybody, is the newest thing on the rap scene. rocker, rapper, just an all-arnd cool guy. is he from atlanta as