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> he may be best remembered for falling hard for an elaborate undercover sting. >> that was josh bernsteinting and much more on the story coming up at 11:00 eastern time. now to the issue of homeless, specifically homeless veterans. there are roughly 58,000 veterans sleeping in the street every night in this country. president obama promises to reduce that number to zero by next year. but one city the addressing that prop now. tonight we continue our series, veterans voices. akiko spheu fujita reports. james roberson is known as a navigator here. guiding the homeless to permanent housing. >> we have food? do we have money, can you get benefits, can you get this and can you get that and we start going from that point open. >> roberson is a crucial part of an aggressive effort to help all veterans who have spent more than a year on the street. that number's at zero. >> this housing first model allows us to meet the veterans where they are. if they're using, if they have l mental health issues, if they have housing issues, we lou them to still get housed. >> federal vouchers cover the rent. p

andrea bernstein and mr. tom bernstein. [inaudible conversations] mrs. laura ross, mr. james ross. mr. medina, ms. signs. >> from the booksellers from at the white house we are going to the north portico to see president obama and the first lady greet french president hollande is her life coverage of the state visit continues. [background sounds] [background sounds] [background sounds] ♪ ♪ ♪ >> and so the guest of honor has arrived. french president francois hollande greeted by the president of first lady from the north entrance of the white house. this is the seventh state dinner or official visit for the obama administration the first of the second term and later we will take you to the south on pavilion. it has turned into a springlike display of french culture and flowers and arts. but first we will take a look inside the state dinner as part of our coverage here on c-span2's. we will tell you what it's like to be invited to one of these exclusives upstairs and get some background on the role of first lady's over the years and we will have a conversation with former white house

joining me is jared bernstein and president of the american action forum and former cbo director dougor being here. a lot of this looks good. we laid out the facts in the report, is it good? >> it is good. you didn't mention a key number and you mentioned a lot of numbers no critique there. >> go ahead. you're a numbers guy i expect it. >> thank you. 16.5 million low-wage workers would get a direct boost, according to the cbo to their paycheck. and another 8 million would get an indirect lift. those are wheeshgs earn more than the minimum wage hoot employers would give a bump to. that's over 24 million workers who get a pay hike to this policy, according to cbo, 500,000 employee lost. so there say cost to this. if you factor that in, this is a program that has a 98% success rate. that is, it helps 98% of the people it targets. and i challenge you to find another program that does this much good to folks that kneeled the income this much at no cost to the federal budget. >> okay. my friend, you've got a bigger brain than i do when it comes to this stuff. your challenge will go do doug.

we turn back to our two panelists jared bernstein and steve moore. we're waiting for mr. so forth and connected. let me go to you, jared. first up, you had a few remarks, where, in the "new york times" today? what's your beef here? seven rates down to two, the tax rates themselves come down, both personal and corporate. this sounds like classic 1986 pro-growth reagan rostenkowski. why aren't you for this? >> there's a lieutenant of this that i like. what i put down in my piece is that it has one fundamental flaw. i'm glad we're getting to it before you talk to congressman camp. the flaw is that it's probably not really revenue neutral and certainly not in the second ten years. there's about four timing gimmicks that pull revenue forward in the first decades, and lose it in the second one. i'm worried about revenue neutrality, and he won't achieve it in the second decade. >> but steve moore, i'm pretty impressed the joint tax committee is scoring this in a dynamic way, lower rates produce a lot more economic growth, a lot more revenues. in fact they have 1% to 1.5% higher

here is the exclusive report filed by al jazeera investigative reporter josh bernstein. >> los angeles. a city where fame and infamy go hand in hand. >> tax credits work. >> reporter: here, everything seems larger than life. including its politicians. that's state senator ronald calderon, he is one of california's most influential lawmakers and he's the target of an ongoing federal investigation. according to a sealed affidavit obtained exclusively by al jazeera's investigative unit the senator is for sale. a politician willing to influence legislation in exchange for money. as part of an elaborate undercover sting, fbi agents posed as owners of an independent film studio. they approached the senator and allegedly paid him off. >> they had to establish bank accounts. they needed a business license. and so it's a very extensive, lengthy operation. >> reporter: senator calderon allegedly wanted his family added to the payroll. according to the affidavit he told undercover agents, any help you could do for my kids, that's diamonds for me. so the agents hired his daughter. they paid her al

>> senator, i'm josh bernstein. from al jazeera america. tens of thousands of dollars in bribes in exchange for supporting legislation? >> that's a -- like i said i'm not going to answer anything right now. >> ron calderon has plenty to answer for now. if convicted on all 24 counts he could spend the rest of his life in prison. the charges carry a maximum sentence of nearly 400 years. he's expected to turn himself in to federal authorities on monday. jennifer london, al jazeera, los angeles. >> it is up to arizona's governor whether or not to sign a bill that would allow business owners to refuse to provide service to gay customers. republican jan brewer had a couple of days to decide whether to approve it. critics say it could lead to discrimination. a similar bill in the kansas state house earlier this week. lawmakers in several other states are debating the issue. up next: moment of truth in ukraine. a deal is signed, in ukraine, now that the deal is in front of them demonstrators will not go home. and the presid

in a moment, carl bernstein joins us, but, randi kaye on more of the history that's resurfacing todaywill yet again if hillary clinton decides to run for president. >> this embrace from 1996 may be our only glimpse inside the bizarre relationship between then president clinton and monica lewinsky. she joined the white house as an intern the year before. she was 21. >> do you have any anything to say to the president? >> reporter: in january 1998, various media outlets got winds of her affair with the president. president clinton publicly denied it. first lady hillary clinton standing stone faced at his side. >> i want to say one thing to the american people. i want you to listen to me, i'm going to say this again. i did not have sexual relations with that woman, miss lewinsky. >> reporter: by the very next morning, hillary clinton's pr campaign was in full swing, smiling for the cameras. and defending her husband. first on nbc's today show. calling the accusation a feeding frenzy. and blaming it on a vast right wing conspiracy. >> i think the important thing now is to stand as firmly

investigative reporter carl bernstein has written "a woman in charge." he is a cnn contributor.o, carl, you got to know diane blair for your book. you spoke to her and looked through a lot of her notes. a lot of the information is not new. but some of the words we are seeing for the first time are now. she called -- hillary did here, a narcissistic looney tune. that might not be a new sentiment but the words are. what was hillary clinton going through when she said that? >> let's back up a little and take a look at what these supposed revelations are. because almost all of what i read so far is not very revealing in terms of new information. what we have here is a lack of context in the presentation of this material today, particularly by right wing websites, by clinton back -- accolytes. we have to put everything in that light and go on from there. looney tunes, if you read my book or read other accounts, hillary was quite involvoluable. she called her a stalker. that's what bill told her originally, that she was stalking him. hillary clinton believed her husband. she believed

jared bernstein, jimmy, we'll have you back and do this another day.t's been another busy day on capitol hill. we have more new news on unemployment benefits and the debt ceiling and immigration. the great robert costas is about to join us. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomac

let's get right to howard bernstein with your first alert forecast. howard can you predict how much snow? >> reporter: right now looks like a minor event, maybe an inch or so. let me explain, cold air months in, 20s in the midwest. if you have been outside at all this morning, you have been feeling the brisk northwest winds gusting to 30 miles per hour. we have cleared out nicely here but we are watching the jet stream coming down this way from the west northwest. first ones are going to move in here, starting tomorrow. in fact, here we are by midnight, all is quiet, we are going to watch another system with a couple of flurries but more clouds around for tuesday. with temperatures around 40, even if we get a few flakes, they are going to melt on contact. the big concern is going to be for tuesday night into wednesday morning. clouds thicken up. notice the areas of light snow and snow showers, they can put a little snow down. by 9:30 wednesday this thing has already passed us. this is why i'm not horribly concerned. you look at the snow totals here be

andrea bernstein, if not the professional communications office, who at team christie, including possibly the governor is sitting around typing up these things? >> well, i think this is another question that we don't know the answer to. i mean, i think the key question here is all this stuff was known for decades about david wildstein and what he did in high school by no one better than chris christie himself. so knowing this information, why do you give him the job of director of interstate capital projects for the port authority of new york and new jersey. this wasn't a nothing job. this was a really important position where he was in charge of doling out billions of dollars for capital projects. much of that in new jersey. and what we know now is that david wildstein was taking money and putting them into projects that solved other problems for chris christie. lots and lots of money. so it wasn't just tying up traffic on the george washington bridge that he was doing. but he was arranging the kinds of mega projects that advanced chris christie's political fortunes and were it not for t

richard bernstein, the ceo of richard bernstein advisers. he's also a cnbc contributor. this something we should feel relaxed about? do you think there's more to come with this? what do you think? >> a couple of things, becky. number one in the short term, everybody who is the least bit short is coming out of the woodwork and telling everybody the end is here. but i think the reality is that one has to figure out, can you really time every market? i don't think anybody can. i'm always jealous of people who come on your shows and say we can do that. >> i'm dubious of that. >> the question is are fundamentals going to be better or worse one year from today? >> i think in the united states the answer is it's going to be better which would argue that the stock market should be higher one year from today. and i think that's the bottom line. if you look at corporate profits, corporate profits are improving here. they are not getting worse. private sector gdp was over 5% in the fourth quarter. i know people are going to come on. i think we have a guest saying the only reason th

with more now, i'm joined by former white house economic adviser, jared bernstein, also the man with whom i trust our economic news the most. thanks, good to see you. >> good to see you, alex. >> the labor participation rate was just 63% in january and we heard economic analysts mark zandi attribute these numbers to january's horrible weather. weigh in on that, is he right? >> well, mark's a smart guy, but i'm not sure about the weather. for example, construction actually posted 48,000 jobs last month. that's a pretty good number for construction and that's the most weather-sensitive industry in the job market, so the fact that they did okay suggests weather might not have been as big a factor. what mark is really getting at, though, is something fundamentally important, which is there has been a real deceleration, a real slowing in the rate of job growth at least in the survey of payrolls. and that's worrisome because we know that this job market has offered us a lot of head fakes over the years. we think it's getting better, turns out not so much. however, as jason furman, chief ec

victoria defrancesco soto and jared bernstein join me now. thanks to you both. >> thank you. >> thanks. >> so jared, i want to start on this issue with rand paul. this attack on the clintons, it strikes me as kind of a two-for. he's able to go after bill clinton and try to make him a liability. obviously, he's always been a hot ticket in democratic fundraising. he's sort of showing he will stand up to the clintons. that's obviously clearly important on the gop side. but also, he's attacking allison grimes, the woman beating mitch mcconnell in the kentucky senate race right now. >> i think it's pretty simple. the republicans face a well-known gender gap. bill clinton is really one of the spokespersons for the democratic party. he happens to be married to the front runner for 2016, as you pointed out earlier. that's pretty obvious but worth reminding everyone. and so the calculus, i guess, in paul's mind is you go after bill clinton like this, you're going after that gender gap. i can't imagine it has much traction at all. in large part because

our dynamic duo of jared bernstein and peter morici. jared, we have this 6.6% unemployment rate now, but that doesn't really tell the whole story, does it. >> no. i mean, last month we were sitting here saying we expected 2,000 jobs. we ended up with 74,000. this month we expected 180,000. we ended up with 113,000. we thought that december number, that 74,000, that patry december number, would be revised up. it was revised up from 74,000 to 75,000. so i'm beginning to think like that character montoya in "the princess bride," this word expectation, it doesn't mean what you think it means. >> whoa, "princess bride" references 50 seconds into the show. >> nice. >> happey friday. >> so there is underlying weakness. i will say this report wasn't as bad as last month's and i actually think it's a little better than a lot of folks are unpacking. if you get into the weeds, there were some decent numbers. the participation rate picked up 0.2%, but you really have to worry if the job market is once again downshifting. >> peter, respond to what j

sher last name is actually pronounced bernstein. didn't i promise you because i was practicing it, i'd get it wrong? i didn't do that to be funny. i'm just a failure. why do you think the tunnel stuff is in this round of subpoenas that otherwise seems to be about the bridge lane closures and the effort to cover up the bridge lane closures? >> well, there's a link and i think that the bridge-gate scandal has been very gripping because it's traffic, it's what you were just describing. it's people, perhaps, not getting emergency services. it's people not being able to get to work. but what we are learning increasingly is that this scheme was part of an effort by governor christie to use the port authority of new york and new jersey, a giant bistate agency, really as an additional arm of this government and a political wing to solve his political problems. so what happened during the tunnel, and we've learned some of this since bridge-gate is the same individuals, david wildstein, bill baroni, the ones who directed the lane closures, we

first alert meteorologist howard bernstein is here with the timeline and the details. howard? >> we got down to 10 this morning at dulles. that tied the record. had a lot of single digits as well. what we're watching for monday, though, is this storm system out in the pacific coming on shore in california. very powerful storm. there's actually several storms lined up with a lot of rain and snow. that storm as it moves east is going to find some arctic air which is on top of us now. the arctic will lift a little bit tomorrow and sunday before returning monday along with moisture. we're going to get into some rain and it will go to freezing rain, sleet and snow. here's the timetable. we'll go through the weekend, pretty good shape, maybe a stray shower south and east tomorrow. sunday morning, though, look at the snow up here in blue. the pink is the sleet and freezing rain and the green is the rain toward pittsburgh. that slides east and southeast during the day. we're still okay midday sunday. late afternoon sunday, we're just starting to see a couple of showers by evening. as

i'm joined now by the editor in chief of the wise latina club and jared bernstein.nks for joining me. >> thanks for having us. >> jared, i want to start with you. the republicans seem to not be able to sort of break their obsession with deficits. if you actually take a look at the numbers, which we did, the deficit -- >> that's not fair. >> you know, just trying to look at the data. what can i say? y you know it better than me. the deficit has been cut in half under president obama essentially. >> the way you should measure the deficit is as a share of gdp. it's gone from 10% in 2009 -- by the way, that's a large deficit as a share of gdp because it had to be. we were in the deepest recession since the great depression. now it's going to be about 3% next year. so a fall from 10% of gdp to 3% of gdp suggests, by the way, far more deficit reduction than i think we should have done. i actually think the folks who have kind of pushed this austerity stuff on our fiscal accounts have hurt the economy. but there's certainly no way you can say we haven't done much in that r

let's get straight to howard bernstein. he has the first alert forecast. >>> we had quite a variation of ice, from just a little on the windshield to slippery sidewalks to a quarter inch in clarksburg, over to leesburg. when you get into frederick and caroll counties toward cumberland, we had some spots four, five tenths after inch. numerous power outages. branches and trees coming down. doppler 9000 is quiet. you can he what's left of the storm pulling away. looks like there could be a straggler of a shower or two out here approaching i-81. but that is it. so we're done with the precip for the day. now we're still hoping to get a little bit of clearing and a little bit of a warm-up. temperatures are in the 40s in luray to elkins. we're holding in the mid-30s here. the front is coming through. the winds are going to kick up. that will mix up the atmosphere a bit. we're optimistic for a little sun this afternoon as temperatures struggle to get not quite to 50. i was thinking maybe 50 earlier. no, we'll be in the low to mid-

yesterday i went into the end of an issue in the messages was that the bernstein tasted extremely is the daunting six this morning that i am still quilting. just before now we've been encouraging the canaries traveling at six twenty. when putting her back to italy i do not forget that since this week's edition of the corner of the phoenix monday for another round of the european cup football. citizens. i knew. the do. ch several russian and peas arrived in crime and the prior russian finance develop ukraine at the monday nights. they will welcome but to cry man and pieces. the russian and paste from the liberal democrats a posse deliver the message that crime and the same russian citizenship. former soviet leader chris just gave the region to ukraine in the fifties as a symbol of friendship between the two countries. the area still has strong ties to moscow and many crime and the fearful of losing its identity. hold on the momentum right now i think that ukraine is an unexpected smooch. well we hope that if anything starts hey look it did with the law in sst a vis russia when stand o

bernstein will have an update tomorrow morning. >> don't forget we're always on here are two laptops. this one can upload a one minute hd video in 16 seconds, this one takes twice as long. which laptop is better? this one. it's kind of a no-brainer. actually, they're the exact same laptop. here's the difference. for the same price, this is what comcast gives you and this is the speed you get with fios. looks lightning-fast. gives me a little bit of a rush! [ male announcer ] your technology is only as good as the network it's on. and fios is america's fastest, most reliable network. getting the difference... that's powerful. get a fios triple play with a two year price guarantee call the verizon center for customers with disabilities and no annual contract. at 800.974.6006 tty/v. plus, a free upgrade to 50 meg internet for two years. at 800.974.6006 tty/v. plus, a free upgrade ( band playing "late show" theme ) >> from the heart of broadway, broadcasting across the nation and around the world, it's the "late show" with david letterman. tonight... plus paul shaffer and the cbs orchestr

andrea bernstein and mr. tom bernstein. >> mr. laura ross and mr. james ross. mr. eliseo medina. mr. and mrs. irwin jacobs. mr. jason collins. mr. brunson green. >> i'm just having fun and enjoying tonight. >> the honorable patrick f kennedy and ms. m. elizabeth swope. vic torry ofble new and and dr. robert kagan. and dr.ria nuland robert kagan. mr. raymond mcguire. ms. crystal mccleary. mr. bruce mosler. i will announce you. rummlerrable kathleen and justice elena kagan. mr. and mrs. stephen colbert air -- colbert. the honorable jay carney and ms. claire shipman. the honorable gene sperling. mr. rick sperling. greet french president hollande is her life coverage of the state visit continues. [background sounds] [background sounds] [background sounds] ♪ ♪ ♪ >> and so the guest of honor has arrived. french president francois hollande greeted by the president of first lady from the north entrance of the white house. this is the seventh state dinner or official visit for the obama administration the first of the second term and later we will take you to the south on pavilion. it has

let's get right to howard bernstein with your first alert forecast. is it over yet, howard? >> almost over here in the metro. going to take another hour, possibly two south and east of town. we expected up to an inch. we got not just but reports 3 inches mainly on the grassy areas although some roads got a little covered and the national weather service has issued a winter weather advisory from areas from fauquier county to anne arundel and down in southern maryland. arguably st. mary's, especially the northern half should be in it. that goes till 2:00 p.m. we've been tracking the first system all night and through the morning and you can certainly see the back edge now as it's getting close to us with flurries and snow showers left behind it. there are places like winchester and hagerstown that had hardly anything out of this. while we had 2 to 3 inches in many areas. loudoun county, a couple snow flurries there but west of fairfax, now we're really starting to wind down. western fairfax as well. lighter snows in montgomery and howard counties. south of d.c., when you get d

of course woodward and bernstein, balsa seymour hersh. he was a different kind of journalist can't even then woodward bernstein. i wasn't alone in my hot duration are looking at him as the rock star of american journalism in america investigative reporting. the pulitzer prize-winning journalist who worked for "the new york times" told me he came to a journalism conference in new york city in the early 1970s. he said the keynote speaker at this event was seymour hersh. he said he was like a rock star. everyone wanted to be like seymour hersh. so he had this legendary that it's very early. i began to take an interest. that interest was only piqued by the fact that in december 1974, he broke a story that some people think is the story of the decade. that story was pretty simple in the semis today. hersh found out that the americans than true intelligence agency in direct violation of its charter in direct violation of love is opening the mail of american citizens and tapping their phones. only the fbi was supposed to do that by the way. the

wall street investment banker didn't list that he was an investment banker at goldman sacks sanford bernstein and it's a very diversified city. the question si have is this going to be a tail of two cities fwaws incumbent mayor in new york city is trying to change the tale of two cities. it's becoming a tale of two cities. could you comment on that? >> on all of my bio it talks about goldman sacks and i'm proud of it because if you understand my background and my family's background. my family is in newark every day for the last decade. when i went through college and graduate school and got a job at goldman sacks which is the most pretigeyouse bank in the world. if you would have told me ten years ago that working at goldman sachs would be a scarlet let ner many ways i would have said you are crazy. i don't view it that every single one of them is bad because they work in an industry. it's not fair. i left after 9/11 to enlist in the marine corps. i was happy at my job and i was happy in the marine corps because of any service there. it's not fair to brush every single person who works in a

first alert meteorologist howard bernstein is here with more. >>> no problems today but you're right about tonight. we have an icy threat headed our way. even a little snow and sleet up north. let me break it down now. i don't see much happening before 9:00 or 10:00. i think we'll get through the day and even the first part of the evening. the areas in pink are under a freezing rain advisory. that means we're going to get a little bit of freezing rain for baltimore down to d.c. and culpeper. maybe up to .500 of an inch of ice. roads will be treated. i know the road crews are on top of it. you get into the white counties into howward, montgomery and loudoun, that's a winter storm warning for little more freezing rain, maybe sleet mixing in. a quarter inch of ice. that's the top end should it be colder as long as possible. then up north, now we're worried about areas along the pennsylvania border in caroll county and frederick county. we're talking about an inch of snow or sleet perhaps with up to a quarter of an inch or more of ice. west of 81 has the highest danger. here's the storm

bernstein will be here bright and early at 4:25. overnight mostly cloudy cold, light snow by dawn, around an inch by 7:00 or 8:00 is certainly possible. wind become southwesterly at 10, so we'll break it down. low 30s to start, these are city temperatures, 34 by 9:00, 35 by 11:00, snow winding down and guess what? sunshine again by 1:00, howard will probably drop the yellow alert by afternoon. ripe and brisk on thursday, 38 and you have to remember our average high is now 50 and even colder on friday, dropped temperatures a little bit on friday, 32 and not going to do it, 30 for a high with clouds coming in friday night. next seven days i dropped saturday rain or snow showers and we're still holding on to showers on sunday and still appears to be rain on monday, not a done deal but right now i'd say more rain and snow and 50 and may end the snow next tuesday. >> i like that. you dropped it. >> [laughter] >> a couple degrees. >> now you know, there are those who say we just have the best one-two guard combination in the league now bu

. >> howard bernstein and the crew will be on at 4 a.m. with the latest on the weather. 24/7 on www.wusa9.com where we have plenty of school closings to let you know about. letterman is next. make it a good [ male announcer ] if you could re-design business travel from scratch, you'd make it about speed and efficiency; giving people the freedom to spend their time how they choose. chances are, you'd make business travel a lot like us. acela. takf.e of chances are, you'd make business travel a lot like us. ( band playing "late show" theme ) >> from the heart of broadway, broadcasting across the nation and around the world, it's the "late show" with david letterman. tonight... plus paul shaffer and the cbs orchestra. i'm alan kalter. and now, m.v.p. of this year's puppy bowl, david letterman! (cheers and applause) captioning sponsored by worldwide pants and cbs ( band playing "late show" theme ) ( cheers and applause )

cis is according to a sanford bernstein analyst.the winter storms of forcing united to cut revenue projections. the airline says revenue will drop after it canceled 22,000 flights due to the weather. no overall figure on how much lower the revenue will be but it prompted one analyst to forecast a much deeper loss this quarter at united. adam? >> we are going to take a very quick rate. when we come back, cut the ukraine be on the verge of tearing itself apart? we will be on the ground in kiev. right here. "bloomberg surveillance" on bloomberg television, streaming live on your tablet, phone, and bloomberg.com, and we will be back with frank keating, former governor of oklahoma and current president of the american bankers association. ♪ >> where did the month of february go? eventful in washington, foreign policy in geopolitics playing a debate inn a february washington. of course, a terrific budget report yesterday showing less of , giving pause as they awaken washington. coming up in the next hour, we are honored to bring you charl

ining us now, senior analyst paul bernstein. this business. >> i think it is an incredibly robust business. we're talking about a business $20 billion in cash. they are doing an excellent job. the earnings up to $10.2 billion. these guys are -- $20 billion. mainly there are no operations, but the cap is coming down. we have seen a 26% reduction of the capital as they get to the end of the phase of this significant growth that they put in place in 2011 and 2012. that's really what's creating, i think, the impetus here for the share. the gap between operating cash flows and the capital spend that creates an opportunity to return significant cash flow. >> as capital exposure is reigned in a bit, do they continue to grow? >> absolutely. price stays relatively strong. the growth volume rio tinto will generate will off-set any small decline in price. >> will it stay relatively strong, paul? it rose 15%. it is down 10% so far this year. it is up and down. >> but it is volatile, right? we're going to always see these cycles as the inven

pattern and the big the big ticket items now i want to talk about this you wrote a piece with jared bernstein on there is called replacing excuse me let me get the title right getting back to full employment a better bargain for working people now in this i want to i want to ask you. how do we get to anything close to full employment you talked about this a lot in the piece and i read it it was fascinating but i want you to explain kind of to our viewers how do we get back to that well the key thing is we have to get demand up and you know we just went through the three ways again my best stories get the trade deficit down the get the dollar down no there is another route that we talk about well but in the book and maybe this is the most promising way politically is to actually reduce the supply so one way to do that is through work sharing which is actually you know our model here is germany germany people often look at the unemployment it's five point two percent they go while booming economy you know their economies grow no more than our economy the reason why they've maintained a low unem

and ron bernstein plans to start it up again. >> yes, that's right.l think that there is a need for prediction market. it was still shut down by american regulators. john: you are in new jersey. how are you going to do this in new jersey? >> we have a new structure that doesn't fall within the cftc. therefore our new structure will allow us to accept american customers. john: you are just doing this? >> were going to begin with sports. there's no reason why we can't do all parts of content categories. john: already to fantasy football, why is your is different? >> and it's not one person against any other one person. if the contestant against all other contestants that could also extend to american idol or grammy awards where the oscars are things like that in the cftc services contrary to the public interest. john: exhibit it could affect election results? >> yes, including unrestricted spending. here is what your former ceo said about american regulations and why he would not even visit the united states. >> i've been told that i don't look good in

sanford bernstein raise their price target on the google $1500 from your team that -- $1350.y that removed risk. west" this"bloomberg afternoon on what it means for google as they have to figure out how to figure out for eric schmidt's payout for it >> apple and google are teaming up to fight patent lawsuits. they are urging the supreme court to collect lawyer fees from patentholders who lose infringement lawsuits brits apple and google have been hit with patent related lawsuits almost 200 times each in the last five years. value is baba average over 150 ilium dollars valuation. 150 billion dollars. they will go public this year in the biggest ipo since facebook and that will have a big impact on yahoo!. sony is close to selling his japanese pc unit. the jot -- the buyer is said to be in investment group. a widerale as part of restructuring at sony that could be announced as early as tomorrow. let's move to michael jason because there is a lot going on with tech hearings in d.c. havenet companies disclosed company times they had to turn over request to the government. wanting

andrea bernstein and mr. tom bernstein. >> mr. laura ross and mr. james ross. medina.eo >> mr.nd mrs. irwin jacobs. >> mr. jason collins. mr. brunson green. >> i am just hanging out and having fun. thank you. >> the honorable patrick f kennedy and ms. elizabeth swope. >> the honorable victoria newland. and dr. robert kagan. >> mr. raymond maguire. ms. rachel mccreary. >> mr. bruce muller. -- mosler. >> the honorable kathy rummler. justice elena kagan. and mrs. stephen cole there. -- colbert. the honorable jay carney and ms. claire shipman. the honorable gene sperling. mr. rick sperling.

first we do need to talk about carl bernstein. we love having carl here.l was seriously one of our -- >> i already miss him. >> we miss him. he's one of our favorite guests and a really good friend of ours and we love him, we miss him but he's over at cnn. they said he can't come back over here. but willie e-mailed me last night and tell him what we're going to miss the most. it's time to mourn. >> as you said, we love carl, we love having him on in every time he would bring up republicans in congress, specifically eric cantor, he would say eric cantor and the mccarthyites. every time he would say that, we'd ring a bell and i'm worried we'll never hear that bell given. >> let's have a seven-bell salute. >> long time. >> show respect. >> that's five. >> six. >> this doesn't work. >> we wish him well. >> we do wish carl well. nobody misread this. >> go ahead, thomas. you take it away. >> willie, you look incredible. >> look how tan he is. >> you look rested. >> he's in palm springs. >> honestly, the phone says it's 62 degrees but with the sun out, it's got t

correspondent josh bernstein caught up with him as calderon was arriving at a five-star resort. >> excuseme, mr. calderon. we were hoping to ask you questions about your ongoing legal problem go i'm here for a conference, i'm not going to talk discuss that. >> the fbi alleged that you've accepted 1 hup thousand dollars in bribes in exchange for legislation. >> if convicted on all 24 counts he could spent the rest of his life in prison. the charges carry a maximum sentence of 400 years. he's expected to turn himself in to federal authorities on monday. jennifer london, al jazeera, los angeles. >> the democratic leader of california state senate calling for calderon to resign or at least to take a leave of absence. >>> westboununited auto workerss appealing the vote at volkswagen chattanooga, tennessee, plant. the union is claiming outside interference including anti-union comments by senator corker. >>> producing 800 million plant in central mexico on friday more than 200,000 cars will be assembled there every year. 200,000 vehicles more than japan, and there will be more cars made in mexi

. >> reporter: correspondent josh bernstein caught up with him as calderon was arriving at a fiv five-asar resort. >> we were hoping we could ask you about your ongoing legal problems. >> i'm here for a conference. i'm not going to discuss that. >> the fbi allege that you have accepted 10s of thousands of dollars in bribes in return for supporting edge. >> like i said, i'm not going to answer anything. >> reporter: ron calderon has plenty to answer for now. he could spend the rest of his life in prison. the charges carry a maximum sentence of 400 years. he's expected to turn himself in to federal authorities on monday. >> the democratic leader of california state senate is calling for ron calderon to redesign or at the very least to take a leave of absence. the united auto workers union is appealing last week's vote at volkswagen tennessee plant. the union is now claiming outside interference in the vote by comments from tennessee senator bob corker and is asking for a new election. >>> a car producing powerhouse. honda started production at its plant in central mexico on friday. more th

love the local reporting and love my friend howard bernstein. >> if you want to be our next fan of daysa9, go to the facebook fan page and click on the fan of the day tab and tell us why you should be the fan of day and link your favorite facebook picture to us and we will post it. we put a big smile on howard's what if we could keep enough plastic waste to cover mt. rainier out of landfills each year? so you can take them out less often. >>> 5:38. it's a cold morning out here have pulled out and i'm seeing the stars and the winds are very light. the flags are hanging pretty low. and that makes it a lot more bearable. our forecast today, pretty nice here for a friday in february. we're looking at partly to mostly sunny conditions. and while we're starting in the 20s and low 30s it will be a cold dry afternoon. not too much wind and the 5, 8, 10-mile an hour range and highs today low to mid-30s north to hagerstown. 45 fredericksburg and about 40 here in d.c.. seven day forecast in five. right now monika and timesaver traffic. >>> and the beltway here in prince george's county at central