john was not kidding when he talked about having correspondence with groucho marx. i loved to go to dinner with him if for no ore reason than -- other reason than to drop the name of the latest film. he loved the cinema. he was kind of the forest gump -- and i don't mean that in a bad way -- of historians. his paths crossed with everybody, you know? he would spend his summers in england or on the cape, and then he would be at the hairyman institute -- i mean, home in florida in the winter time, and he moved with ease and grace. and the letters would come through with this essential politeness even when he's pulling out the stiletto. he does it in a graceful way, but you always know where he stands. you always knew, and he was -- we were talking earlier, arthur died as happily as a man could given his appetite and inclination. he was in a steakhouse in manhattan. [laughter] >> it's true. >> which is exactly where he would have wanted to exit. the civility question is interesting and the consistency question. in the earlier sol womb that andrew and stephen edited, a w

the aim is to encourage customers to behave well in each year old score on the toggle has the story groucho is the capital in which implements in southern china. it's one of the city's was the highest economic groups. for me when people leave. easily the most unconventional restaurant opened in the shopping area how much would you pay for piecemeal. the restaurant serves food to face trial don't cast registers are inside. there's no fixed charge of the dishes. it's not free. customers are asked to follow the honor system after dining at a seaside town once the meal was worse the restaurant requires customers to pay a reasonable amount. and they put their money here. it's possible to get away without paying anything at all. by pretending to insert money the idea is to give customers the satisfaction of being context of doing the right thing. local media reported on the establishment now it's known that the restaurant come into your tea. i've seen posts on finance and bacon the particles from the restaurant. i definitely want to physically couldn't see out in a month ago and noticed that ther

while more evil i used to believe me the groucho. go me the units it is good for the job market especially if you want to export to us. so the two parties not necessary cool for the job market. what's not all were partying like it's for two thousand fourteen. chris dickson who roamed the dvd to market too greetings to market. just when you try to focus more on the readings these blue teal including improvement. then the beast on earnings growth with. over to the fourteen month grocery. my eyes the authority to rule as i stitch the mix. more importantly. use a color explosion and easy. you'll get is a small gold the japanese economy is also growing. so of oscillations he can be cruel. to some extent due to the chorus markets. long i feel wanna cry is the chinese economy color me. maintain the stability of april next year. and up to the holiday sit to cool. next year. most people think that he did china economic growth is home next year. this is the most emotional like that in the sea. speed depending on his own goal in terms of the re

the old jokes that grouches can tell,t groucho used to hey, i cannot be a part of any club that willave me. they are not cutting fees eat has the flagship funds are doing fairly well. that is the paradox here. the distribution of alpha among hedge funds -- we think of a bell curve. it is symmetrical and smooth. with hedge funds, it is nothing like that. there are a handful of outliers. some of them are new emerging managers. some of them are the old pros. the old pros -- if you do not have a few billion dollars, you're not getting in. good luck selecting which manager will out perform you. >> you have to be very courageous. there are a lot of funds out there that are midsize. let's say, $10 billion. they do not want any outside capital. they are the size they want to be. >> that is true for a handful of them. what we have found and a lot of studies show -- a manager will discover a new portion of the market that they can generate alpha from. that is not a giant vein that they can mine forever. it tends to be a smaller piece of arbitrage that they identify. it is good when they are $1

>> well, there's an early marks brothers film that groucho marks may have had a role in destroying because think it stood up to their catalog. alfred hitchcock's first film, the first gentlemen prefer blondes. there was a 9-hour version of one film, it is unknown whether it was one of the great masterpieces of all time, or a self indulgent slog. it would be nice to see the kind of singles and bunts rather than humes to get a feel for what the era was like. >> yeah, and some cheeky films in there as well? >> yes, the cleopatra had an edgy dimension. i think we have lost the film that had one of the early nude scenes. probably people had a tendency to preserve the respectable films, and we have lost some of the darker side of american culture at that time. >> michael hogan good to talk to you. >>> just ahead here on this news hour, in sport we countdown to the final world cup draw in brazil, but one big issue is dominating the meeting. jo will be here with all of the details. ♪ >>> hello again sport in a moment, but first the former industrial region known as the rust belt the areas once thr

. >> you know, i think groucho marx was wrong, i think it will welcome others into the church.to be drawn in as a person and not rejected as a person. thank you. we'll be right back after this. . >>> let me end tonight with this, i'm out here in columbus, ohio's speaking at the museum of arts. at the big barnes and noble at noon in bethesda, maryland. and what i have learned out here in the country is how much people who come out to see and hear me want to see politicians, progressives, as well as those on the right get their acts together. that number, we show you congress' low approval rating is real. people who care about this country, watch this program and programs like it who know we can do better are determined from the president on down, words and promises need to be put into actions and achievements, let's face it, we can sit here and blame the koch brothers, i like to do that, and all the bad stuff coming from the right. and you know, nothing that they have done can match the frustration and anger of what those in public office have done to reduce the hope we have for

. >> you know, i think groucho marx was wrong, i think it will welcome others into the church.ice to be drawn in as a person and not rejected as a person. thank you. we'll be right back after this. every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and co

media % have, as you suggested with the "new york timess and i would aad "the washington post" and as grouchoe oo your ownneyes??3 e? jon: cedarr sinai are gging to >> theemedia is focussing almost exclusively on the neeative stories about attfordabll care act. they're hardly covering -- the "new yook times" is promoting most people who are gettinggit, most people in the country, in -pfact, aae positive ssories. it's the negative stooies they'rr fissing ouu to keep the narrative going that helps thee whatever they''e tryinggto sell. jon: all riggt. trying to undermine obamaaare? >> no. i think given the fact that probably 80% or 90% of themm suppprted ppesidenttobama and voted for his re-election and have taken very opportunity to the same mainstream media that completely smothered republicans on the government shutdoww a few months ago. >> you ay calllme alan if you media than pro lefttor pro right. it is the story that's helping % to promote the medda. media is not getting the right. -poil innthe gulf of meeico sta3 in thh ground aad dddn't leak into theewaterrlike theeb.p. oil spill. >> t'

so when you say we should go into a program of groucho deployment beginning with, it could be possibleound 2025, what is your justification? the buying time argument, which obstacles are going to be over, whilst we have solar shield in place? what will make it easier for us to reduce our greenhouse gas emissions? >> that's not my argument. i'm not sure -- i think you might be able, i think this is wishful thinking, construct a specific political ways to tie together limitation of srm with a mission cuts. but i'm frankly not that excited. i think that is not that likely but i think the fundamental reasons why it's been hard to get a mission cuts to change, so is buying time in certifying political time, i find that kind of nonsense. i think we need to focus, and the in focus a lot of my efforts on how we can change the politics now to get emissions cuts. so the short answer is, i don't see the argument. i don't make it. why do it? >> because of me, clive, the actual risk of climate change are not series. this isn't an intellectual game. there are real risks going on. let me finish. so t

you can say it's a groucho marx thing. everyone is there so they don't want to go. went to amazon. i ordered a fit bit. my kids don't watch so i ordered them and great prices and heck with it. i'll go buy clothes on amazon. they have an amazon.com rewards card. that's less than five pounds. i want that drone. drone me. drone me the card. >> that was just great. jim, though, this is the time of year seems as though we get data points all over the map and things don't agree with the first data. in other words, sales are down and then see something and then you get the credit card data and it's very hard to figure out what to listen to. >> i agree. i mean, there's too many channels to buy. also, i mean, we know that walmart and target are struggling. they are a huge part of spending. where is that money going? away. people aren't borrowing as much as they used to. i hesitate to reach any conclusion other than the fact that, geez, there's a lot of places to shop and a lot of ways to get goods and now, of course, from the sky. >> yeah. we're going to talk about bezos' dr