. >> good morning, supervisors, and staff, thank you for your time today, my name is adam smith i amtore development for whole foods market in northern california. we are very excited to be preparing for the opening of our 7th san francisco location at 2001 market street. we are here to request the transfer of the type 20 license as referenced. the sale of beer and wine is very critical to our store business, as well as something that our customers have come to expect from us. we respectfully request your support in the transfer of this license. thank you. >> thank you very much. >> sir. >> if we could now hear from the police department. >> rich vancorw representing the san francisco police department. whole foods has brought an application with the california department of alcoholic beverage control seeking a type 20 that is off sale beer and wine in the type 86 that is structural tasting license for 2001 market street. in the calendar year, july, 2011 through july of 2012, there were 21 police calls for service, which generated 5 police reports. premises is located in plot, 403, t

medieval is and we're in a post you know before the light meant before the invisible hand before adam smith we had princes you know petitioning the loads for dispensation and here in the u.k. of course they just outright bring interest rates down to zero. and confiscate your wealth that way but how does this what's number one on your your list of things that you're looking at well i think i think one of the biggest issues is moral hazard began when long term capital management was bailed out by the fed and if you look at what's happened since then i mean long term capital was one billion dollars which at the time was a lot of money and then the exposure was four point six billion you know you've seen with the london the london whale incident with j.p. morgan it's six billion in losses and it didn't move the markets at all i mean this is really political theater and maybe it's putting a balloon out a test balloon cyprus could be seen as a test balloon to see how how much they can get away with how far they can push the ball with other countries such as italy and spain and portugal and irelan

do or try apple is try to try to do totally dominate individual industries and i grant you that adam smith and wants that that's a problem out but becoming the model of gotta have it is biggest problem we had it's america well that's exactly what's happened is to try to biggest problem we have in america health care is because of that we have an america that's where our national wealth is going let some of that be freed up also how do you know are just going to top one percent they've seen their income was one hundred seventy five percent you got four hundred people in a sense to have more wealth in the bottom of the hundred limits consume them plentiful out there doing the good for the people and that is because infrastructure let's listen to a very reagan tax cut their last tuesday their last interview the guy just admitted that you're going to get four times as much money from the payroll tax hike then you're going to get from this so-called demagogic hike on the rich but you guys don't care you want to punish successful people that's all you care about doing not growing the economy i d

adam: sandra smith. melissa: roll the tape back. , our investments are doing well. not quite as well as they were 15 minutes ago but no one will complain with green on the screen. >> some of the food stocks are skyrocketing. if you don't know what this publicly-traded company is you probably know a few of products it has under its belt. oreos, trident gum, just in time for easter the cadbury cream egg. this company is way up. it has been outperforming the broader stock market up 18% this year. it is up today on a report from the "daily telegraph" that nelson peltz is adding to his stake in the company. this along with pepsi, leading to speculation he might push for a merger of those two companies. his firm declined to comment specifically to fox business on this but nonetheless that stock getting a huge boost. back to you guys. adam: sandra smith, thank you very much. you can look but you can't take it home. a look how e-commerce is changing one retailer's strategy. the cfo of men's clothier is next. melissa: take a look at some of t

the adam smith's.on the conservative side and the libertarian side are so much better off today than we were .ack 25 or 30 years ago the institutions. they are strong, vibrant, energetic institutions on the rise today. we do come together. yes, there are ways we can work together. you heard me say the other night that one of our cpactives coming out of need to bring us together. let's go to war, but let's go to war with the common inner meaning -- enemy, the progressive notion that somehow government is going to be the solution to where they think we should be going. institutionally, we all do it differently. our structures are different, our support base is different. i will tell you something else that the four of us agree on. unlike a lot of think tanks, we don't take any government grants. [applause] if you support any of us, it is because you agree about our ideas. it is not because in effect with a force of a gun, someone is taking money away from you and giving it to us. that is not the way we w

. >> washington democratic congressman adam smith signed on to the iraq resolution.ins me now. thanks for joining us. >> thanks for having me on. >> do you regret that? >> i do, yes. obviously with the iraq war playing out, the sheer cost over years was far greater than any of us wanted to pay. there were a lost complicated issues at that time. the vote was not to say we are going to war. it was to authorize the president with the hope that we would force iraq into a coercive inspection and then of course in december, they voted for that. they went to war anyway. once we got the inspections in december, there was no need to go to war. the president had his agenda and it was naive to think he would not follow-through no matter what happened. clearly it's vote that i wish i had. that's the nature of the process. i learned a lot from that. >> a question that i wanted to pose is for those who fought in the war who did their service to the nation, it's difficult for them to get the service they need. average wait time 273 days to get information and service from the veter

so what she was supposed to do is put the receiver and a letter but if you write abigail adams smith, the vice president's daughter, you can't frank the mail. that is still do this. they signed a letter. bill have to pay the postage. in those days you pay the postage. paid by the person receiving the male. and so if the letter was sent directly to matties you have to pay postage. abigail was we to frugal for that. so she took her seat, put it inside a letter and then put that in such a letter to john adams so that john adams will receive a letter and open it and see, oh, it's actually a letter from my daughter. he would give it to his daughter and see if it's a receipt, actually for mother and give it to abigail. [laughter] kind of kept the use of the steps of money secret from down. she did not totally keep it a secret from john. i want to read to you from the letter that she wrote john in december 1783. i will refer to the same john and i mentioned earlier. this is one of the farm first day on the market. she knew that john really wanted to buy that farm. and she saw an opportunity

the adam smith award is well earned as -- earned.he pattern is that she always states out ground where she thought she was right at the risk of being unpopular whether you agree with her ideas and policies or not, it's difficult to deny that it is a courageous and authentic life. during these times of extraordinary monetarily policy from not only the federal reserve from the e.o.j. i look forward on hearing her thoughts on the monetarily policy. thank you. [applause] thank you. for that lovely introduction. thanks for inviting me to the nabe. i'm delighted to address the national association for business economics (nabe), a group that has done so much to promote understanding of the economy and the appropriate role of policy. my topic today is the challenges confronting monetary policy in what has been an unusually weak recovery from a severe recession. i will discuss the federal reserve's ongoing efforts in these circumstances to speed the u.s. economy's return to maximum employment in a context of price stability. as you know, the

at the same time as newton we had adam smith who laid out the fundamentals of economics. ven smith knew there was a difference between nationstates, families and companies. in the 20th century we had john laidrd keynes, who really out the theory in practice that has been proved for 80 years or so that government must spend to get us out of the whole. .- hole the idea that we need to balance the federal budget every year is totally absurd. can he talk reasonably about the difference between the government and my family? does he know anything about macroeconomics? guest: i appreciate the opening complements, a cousin i think the country needs democrats and republicans talking together. that is more important than anything else we should be doing. are looking at europe, far asuntry, as keynesian economics, you see a process of failure. my wife and i have a small business. we grew it about tenfold in the 10 years that we had it. sometimes we would slide -- slide into debt and pay it off. businessthe idea that you can pt to solve the problems of the deficit, it is not working.

and i wanted to get your comments on that. >> i think no one writes about john adams today without consulting paige smith. he is the foundation for writing about. and remarkable to me because the adams papers had just been opened to the public at the time when he started writing his book and yet it's so thoroughly researched. >> it was the first thing i read in graduate school. it was my introduction to john adams. >> the caller was nice enough to mention some of your books and we want to show some of them because we're hoping along the way people will be intrigued enough to read more. here is one, be gail adams, a writing life, "abigail and john, a portrait of a marriage." and here on the screen, "my dearest friend, the letters of abigail and john adams." this is one of your books here. are these letters approachable for the everyday person? can you just dive right in and get a sense of this person? >> yes. you might need a little historical context to understand a few of the things they're alluding to but the letters are personal and in some ways are timeless because it talks about problems that people

. >> abigail smith married john adams at age 19. over 54 years of marriage, they have five children together including a future president. ahead of the time in many ways, and a writer perhaps unparalleled to any first lady. abigail pens this to her husband during the american revolution. all history at every age exhibits instances of patriotic virtue in the female sex which considering our situation equals the most heroic of yours. good evening, welcome to c-span's first lady's influence and image. for the next 90 minutes, will be with be learning more about abigail adam, the second first lady of the united states. we have two guests at our table who spent most of the professional careers learning about the adams and bringing their writings to the public. let me introduce them to you. the author of numerous books including a writing life and abby gill and john portrait of a marriage. and james taylor, jim taylors the editor and chief of the adams paper at the massachusetts historical society. thanks to both of you and welcome. well,

smith. i think that stands out. >> nobody writes about john adams without consulting paige smith. is a foundation for writing about it. what is remarkable to me was that the adams papers had just been opened to the public at a time when he started writing his book, and yet, they were so thoroughly researched. >> it was the first thing i read in graduate school. it was my introduction. >> the caller was nice to mention your books. i want to show some of them. we're hoping people be intrigued enough to read more. "abigail adams: a writing life." "my dearest friend: the letters of abigail and john adams." can you dive right in and get a sense of the person? >> yes, you might need a little bit of historical context, the letters are personal. in some ways, they are timeless. the talk about problems that people have today, concerns that people have today. but the political context, but the intimacy. but your book is excellent because of the footnotes and you take people into it. abigail's letters had been in print and she has been read since 1840 when her grandson's first published an e

adam: sandra smith, thank you.t's talk about europe because it is rearing its ugly head again. we have concerns over cyprus weighing down our markets but could this actually be a buying opportunity? let's bring in paul christopher, chief international investment strategist as wells fargo advisors. paul, i'm glad you're here with us today. you know yesterday the dow kind of shrugged the cyprus news off. today we're feeling a little bit more impact. is it a buying opportunity? >> we think it definitely is a buying opportunity. there is still some uncertainty about how quickly and how soon the cypriots will pass the legislation for the deposit tax but we think that will happen and happen rather soon. as that does happen, you will see prices having pulled back nicely here. we're looking for economic improvement in the second half of this year. we think now's a great time to start getting into some international markets. tracy: why do though with this cyprus story? i mean look, gdp the size of vermont. we're not talking

boskin is author of more than 150 books and is recognized for his research and received the adam smith prize for contribution to economics in 1988. he received his bachelors and masters and m.d. at california berkeley. >> i'd like to introduce dr. austin goolsbee. previously he served on the council of economic advisors from 2009 to 2011 and led it as chairman. he writes monthly for the "washington journal" and contributed economic analyst for abc news. he's also spent time as a special consultant for internet policy for the department of justice and it was lead editor for the journal of law and economics for several years. he earned his degrees in economics from yale university. graduated from a docket rat in economics. clearly we have highly respected witnesses. there is an awful lot of wisdom to be tapped today as we look at these issues. >> thank you for your willingness to come before the committee. we look forward to your expert opinion. >> thank you chairman brady, vice chair. i've had the privilege of testifying before this committee and working with it since the 1970's. i obvi

here to wrap up the here, adam shapiro and sandra smith sandra: we're in for david and liz this afternoon. nicole petallides she has got it all. she is down on the floor of the new york stock exchange. nicole, a down day for the markets but there are some names bucking the downward trend. yahoo! is one of those. >> absolutely are. over my shoulder, you see the congressional medal of honor winners. a great day on wall street as well. oppenheimer raised their target to 27 bucks to 22. ali baba which have ipo and yahoo! owns a 24% stake. adam: nicole. saw a pullback for boeing. they are conducting the test flights for the 787. they weathered storm so far. will they continue? >> they will do test flights with the new revamped battery. they have done well so far. they managed to stay in the green up 12% despite all the issues. we'll see how test flights go. sandra: we're waiting on earnings from nike. this is a big consumer to watch. how are is the stock looking ahead of the results? >> down right now. a winner year-to-date. that will be a key one to watch. adam: oracle a drag on the tech sect

the adam smith award is well earned as one of my colleagues said last week, the pattern is that she always states out ground where she thought she was right at the risk of being unpopular. whether you agree with her ideas or policies or not, it is difficult to deny that it is a courageous and authentic life. during these times of extraordinary monetary policy, from not only the federal reserve but from the ecb and doj, i look forward to hearing her thoughts on the challenges confronting monetary policy. thank you. [applause] >> thank you for that introduction. thank you for inviting me. i am really delighted to address a group that has done so much to promote understanding of the economy and the appropriate role of policy. my topic today is the challenges confronting monetary policy in what has been an unusually weak recovery from a severe recession. i will discuss the federal reserve's ongoing efforts to speed the u.s. economies return to maximum employment and stability. as you know, the committee has recently taken new steps to achieve this objective. in september, the committee approve

boskin is author of more than 150 books and is recognized for his research and received the adam smith prize for contribution to economics in 1998. he received his bachelors and masters and m.d. at california berkeley. >> i'd like to introduce dr. austin goolsbee. previously he served on the council of economic advisors from 2009 to 2011 and led it as chairman. he writes monthly for the "washington journal" and contributed economic analyst for abc news. he's also spent time as a special consultant for internet policy for the department of justice and it was lead editor for the journal of law and economics for several years. he earned his degrees in economics from yale university. graduated from a docket rat in economics. clearly we have highly respected witnesses. there is an awful lot of wisdom to be tapped today as we look at these issues. >> thank you for your willingness to come before the committee. we look forward to your expert opinion. >> thank you chairman brady, vice chair. i've had the privilege of testifying before this committee and working with it since the 1970's. i obvi

adams. we have two guests at the table, richard norton smith and meet amanda matthews. she is at the massachusetts historical society where she is a research associate for the adams papers. ms. matthews, we learned there was not much documentary evidence about elizabeth monroe. how about losea catherine adams, what exists? >> quite a wellth. she kept diaries intermittently. she wrote autobiographies and memoirs. there are hundreds and hundreds of letters of hers. we have her thoughts and feelings from her point of view, both reflective and contemporary as the events were taking place. another suggested that in her research she saw louisa adams as the first modern first lady. you agree with that contention that she developed a sense of self? >> in some ways she has her own cause. she works with the washington female orphan asylum, so in that way it's somewhat modern having this cause that she was involved in and she does work politics in her parlor in such a way as to help win the presidency for her husband in her own way. >> well, richard norton smith, explain to people

adams parece que se quedara en casa 3 aÑos mas.... ===wipe=== ---ahora con los 49ers de san francisco,,, sabemos que alex smith pasara con los chiefs deavis estara ganando unos 7 millones por campaÑa,,, delanie walker sera un agente libre y parece ya tener una oferta en el horizonte.. take fs ===wipe=== --delanie walker pasaria a los titantes de tennessee,,, el defensivo goldson a viajado a tampa bay para negociar,,,, el "nose tackle" sopoaga parece estar en acuerdo con las aguilas de filadelfia,,, y charles woodson de green bay estara maÑana en san francisco y podria ser refuerzo defensivo para los 49ers... ===wipe=== ---david wright de los mets de nueva york remolco 5 carreras en el partido frente a puerto rico,, este doble para anotar 3 carreras en la octava entrada y los estadounidens es ganaron 7 carreras a 1 para estar a un paso de avanzar a las semifinales... el pitcheo de los estadounidenses mantuvo en control a la novena puertoriqueÑa,, para eliminarlos del clasico mundial de beisbol.. ahora buscara hacer lo mismo ante republica dominicana cuando se midan frente a frente este jueves... ===chroma key=== jf ---pasemos ahora a l

adam: key retailers are on the move after reporting earnings. sandra smith's earnings. >> ross stores if you're looking for green. look at this run-up. if you don't know ross stores, they basically buy their goods, home furnishings, apparels, they die them from department stores and sell them at a discount. a sign retailers still looking for a bargain that ross stores is doing so well. if you look at year-to-date chart, keeping up with the broader market, up 7% so far this year but certainly not been without its volatility. profits matched the high end of the range of estimates for analysts. some good news out of ross stores. not so much lululemon. but look at this, i will bring up an intraday chart here. the stock has been all over the place. it is holding onto a nice gain of over a percent. they did beat forecasts but it was their outlook, the sheer pants are going to cause a problem. they said earnings will be after elect -- affected by 11 to 12 cents a share in the current quarter. 1% of the pants they had to pull off the shelves because material was too

adams. we have two guests at the table, richard norton smith and meet amanda matthews. at the massachusetts historical society where she is a research associate for the adams papers. ms. matthews, we learned there was not much documentary evidence about elizabeth monroe. how about louisa catherine adams, what exists? >> quite a wealth. she kept diaries intermittently. she wrote autobiographies and memoirs. there are hundreds and hundreds of letters of hers. we have her thoughts and feelings from her point of view, both reflective and contemporary as the events were taking place. >> another suggested that in her research she saw louisa adams as the first modern first lady. do you agree with that contention that she developed a sense of self? >> in some ways she has her own cause. washingtonith the female orphan asylum, so in that way it's somewhat modern having this cause that she was involved in and she does work politics in her parlor in such a way as to help win the presidency for her husband in her own way. >> well, richard norton smith, explain to people how the pre

adams and say thomas jefferson survives. monticello's legacy survives, and jonas phillips lives as well. thank you very much. >> our next speaker is hannah smithmuch. it is an honored to be with you today. i just want to recognize some of my colleagues. our executive director, are two deputy general counsel, as well as art director of development. -- our director of development. they have been instrumental in helping bring to pass this day, and i want to recognize their great efforts. i would like to commend the efforts for his leadership in creating the first religious clinic in the nation. i think it will unite people of goodwill who seek to protect civil liberties. i want to congratulate them for their work that promises to be a successful endeavor. i was asked to provide some background on the fund for religious liberty. some of the issues of the day as well as some of the litigation efforts we are currently involved in 10 minutes. i am going to do my best. this is a non-profit, non- partisan public interest law firm based in washington, d.c. it is the only such organization in america that protects religious freedom of people of all faith