this event really follows in a long tradition of that here at aei. we'll begin with remarks from congressman kevin brady, and after the remarks are done immediately following, we've got a real all-star lineup of former fed officials to discuss the merits and lack thereof of mr. brady's proposal. and mr. brady will go perhaps for as long as an hour. he's got some prepared remarks before we turn it over to the round table discussion. now, there's been a lot of anger in washington about the fed's role in the

of aey were in the center police shootout. >> it is frightening to think are in that kind of position it is the robotics team on the university pittsburgh campus. one.unmen stormed the she said she cannot imagine what going through classmates' mine. know what i would be about.g >> the rampage lasted only 20 minutes inning with 12 dead and others wounded. they swarmed the area looking a possible second shooter. been locked for two hours. >> this is a tragic day. is is a sad and senseless stay. thesympathy goes out to victims. of their fellow were heading home safe and sound. >> two men charged with a death will have a bond review hearing today. he was killed wednesday after on superiorme street. a militaryed during style game. christopher edwards and andrew h recklessed wit endangerment. s also charged a second degree murder. >> a motion hearing set for today for a man charged in a killed a virginia family. he wanted tried outside of frederick county. prosecutors disagree. deep burst into flames. >> metro riders are angry over that there are brake problems. they say they knew about thi

again, i'm just here to welcome everybody, at least for the moment, not only on behalf of aei, but my partners in crime from the new america foundation, and from the center for a new american security. this is a joint project and multiplying think tank bureaucracies adds geometrical levels of complexities, but we've been working at three now for a while and very pleased to kick off what is a series of events examining the core issues of foreign and national security policy in this presidential year. the three of us are, obviously, institutions with somewhat different policy perspectives. what's brought us together in this case is a shared belief that this will be an extremely consequential election. voters may make their choices based on domestic concerns, but the outcome will matter to the world, and the world will be watching america come this november. the series is intended to frame what we've agreed are the four principle strategic concerns of our time; the future of the middle east, the effect of china's geopolitical rise, whether the american military can continue to sustain am

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we looked at some other analysis done by the aei and others and in terms of what has happened in competitive existing models and developed an estimate of 400 to $500 about what you could initially see and that was the basis for the fixed amount that would start in 2022 -- pardon me, 2023 for making the projections going forward. >> so i understand it, based on these outside analyses, you assume that you would achieve a $400 savings per beneficiary just by launching this reform effort? i'm trying to understand the basis for the number. >> sure. >> we base that on average program spending and because cbo wasn't able to give us an estimate of the competitive bidding process we look to reports and historical evidence on the reduction, competitive bidding would have on the average amount. so the part d program came in 40% under budget, we used that, we also looked at studies that said we would save around 6%. so in the starting year we weren't able to get the bid from cbo so adjusted the payment. >> of course that savings, i assume, is then factored into all of the other projections in the out ye

video seen during aey valentine's day hold up at the gas station.n another robbery two days ago at a station open del press way police say he pistol whipped a clerk. >> first time ever californians will get a chance to vote on a measure that would ban the death penalty. this morning supporters of the safe california act turned if 800,000 signatures in support of this measure. the initiative would replace capitol punishment with life in prison without the possibility of parole. it would also put in mates serving life sentences to work. >> only one percent of death rowen mate work in prison. this act would hold inmate accountable and mandate that they pay restitution into a victim compensation fund. >>reporter: ballot proposal requires that the state budget 100 million dollars per year to investigate unsolved murders. >> coming up. dramatic car chase on airport runway. the scare it caused and what police say the driver was trying to d do. >> very close call for antioch man after car comes crashing into his bedroom. >>> and going ga-ga at harvard. 2 ba

i'm an asian fellow and scholar here at aei and also direct the japan studies program. we're obviously very grateful at this busy time today ambassador fujisaki with us to kick off what i hope is going to be a robust and extended discussion here among our expert panelists primarily on some of the things that the ambassador brought up, which is lessons learned, have there been lessons learned, what are they, where do we go forward from here, and as we sitting in america try to understand japan's own response over the past year to the disaster of 3/11, how do we see our role and what we've done together. obviously, there are a lot of familiar faces in the audience today. so this is going to be more a discussion i think among friends and people who know each other rather than something very formal. but we've assembled probably the most knowledgeable people on japan in washington here for this discussion. and i think though russ may profess shock, there's no question these are the turn-to people when we want to understand what's happening on politics, on security issues, on

our next speaker is a resident scholar at aei. we decided to recruit an economist who is reasonable. welcome. he joined us after a career at the federal reserve board. he was actively involved in the fed's analysis of the u.s. economy and financial markets. his research spanned a wide range of paul -- of topics. he is a visiting scholar at the ucla center for real estate. he also maintains an economic consulting practice. as does every former fed economist, apparently. [laughter] >> i am really pleased to have the opportunity to participate in this panel. i would like to congratulate congressman brady for starting what is an important discussion about the status of the fed and the conduct of monetary policy that will extend far beyond today's discussion. i did not come up with a star rating, but i think my overall assessment of the bill is probably more in line with nathan's than al's. i am probably more in the three- star range. there are some that gives me pause. i will try to go through the various titles to hit the high points

um, i'm joe mcclintock, i'm an intern here at aei, also, hopefully, a future fed economist. [laughter] i think a lot of you talked about, and i think the general consensus is the fact that, um, monetary policy in the long term is best to have, um, steady inflation or steady prices, um, to insure good output. but the question is, um, in the short term if not monetary policy, um, who or what would be the best, um, action to deal with short-term low unemployment or or high unemployment? >> yeah. i mean, that's -- yeah, congressman brady's not here to answer the question, and, you know, i would's guess that they would say that's congress' job. and, you know, i'd like to say that just to conclude this session that when congressman brady and his staff began discussions with steven and me to set this session up, that they asked us to assemble people who we really thought would be, you know, harsh critics that would give us food for thought. and i want to say that. that's why i think the joint economic committee and congressman brady and his leadership of that committee are so speci

mark keeson, former colleague of mine at aei, american enterprise institute wrote a piece about ten thingss should fear in second obama term. one obamacare will not be repealed. that is probably obvious with the supreme court ruling, it could be changed. but taxes go up for everybody. and i think the new level of spending in the last four years become the floor. then things are allowed to rise. do you think it's per situation -- persuasive thing he wrote? >> andrea: very. they need to put that on a bumper sticker. i think it does, whatever happens in the senate. republicans will likely keep the white house. but whatever happens in the senate will play to how he governs. even if democrats and i don't think they will hang on to the senate, the margin will be so slim the president will have to govern like a king, imperial president and use the executive -- >> dana: can you manual trying to run a senate with 51 -- imagine trying to run a senate with 51 votes? >> bob: you are never going to overturn obamacare. even if democrats lose control of the senate. you need 60 points to do it, unless the

that's where george cloony aey a number of other activists were speaking before a number of them were taken into custody. accused of denying humanitarian aid to reach the people of sudan. hundreds of people gathered here in protest including actor george clooney who as we just said was arrested. taken into custody. he just returned from a trip to sudan. he was joined by congressman andrews, jim mcgovern, jim moran, also taken into custody. martin luther king iii and hundreds of protesters who have been down here. pretty write much all morning. they are demanding immediate action to top s-- stop sudan's use as a weapon. half a million people in sudan's newland mountains risk starvation because of the accusations against sthe sudanee president. he's blocking humanitarian aid and mood. here is what george clooney had to say just before his arrest. >> it takes the government to stop raping them and stop star offing them. that's all we ask. >> george clooney just produced a movie where he discusses these exact things. he was there in sudan and at one point in the movie his life was threate

former vice president dick -che rec >>> aei heart transz plant. he spent nearly two years on a transplant list before undergoing the operation. the latest on cheney's surgery and his road to recovery. >>> santorum victory. rick san m wins the lisiana primary solidifying his support in the deep south. his campaign has a renewed spark, despite trailing mitt romney in the delegate count. we'll look at what this means for the gop nomination. >>> and the shooter's side. george zimmerman. the man at the center of killing a teen, we'll hear from his friend and zimmerman's legal adviser on his version of events. on this sunday, march 25th, events. on this sunday, march 25th, 2012. captions paid for by nbc-universal television >>> good morning, everyone. welcome to "today" on a sunday. i'm lester holt. >> i'm jenna wolfe and we're still talking about the fallout on the trayvon martin shooting. >> tomorrow marks the one month since the shooting and we heard from his parents and supporters in their views on what happened that night but we haven't heard much

so, you know, by the way, i thought as of the presidential debates was the the one that aei and heritage did together. fund that had won, and was one partially, the list after lenin was questioned on the 14th amendment. that was good. but for example, here's what i would like to see happen in a debate this fall. so we had last week justice ginsburg safety egypt, i don't think you should look at the u.s. constitution as a model for a new constitution in egypt. by the way, maybe we need the politically incorrect guide of supreme court justice, i don't know. the comments were really quite astonishing. south africa's constitution she said she likes to i went and looked it up, i used to teach a course on comparison constitutionalism. there's formal language in the south african constitution. at the end of the long bill of rights, they have all kind of positive rights like the right to job and health care and housing and so forth. where it says judges or tribunals enforcing this bill of rights must look to international law, and may look to foreign law. but to wonder justice ginsburg likes the

i am very happy that aei has organized this. in japan there has been a private research committee there. the government is now doing this as well. we're trying to find a what was really right in what went wrong. we ought to be very candid about it. we are trying to do this. we always say that -- it was not just by ourself, it was because of the help from people around the world. of course, japan has some strong points. we have recovered from, for example, closing of japan for 20 years, and we were opened up, and did 30 years we were able to be among one of the powers. after the devastation from world war ii, after 20 years we were able to host the olympic games. oil shocks twice hit japan most, because we do not have energy at all. still we were able to come back, and made energy production with cars. and able to compete with other countries. we were able to turn the table and turned up a challenge into opportunity. i think we will try to do this again. it is because people we have helped. and americans have helped us during the

. >>> mitt romney aeis not just by campaigning, he's planning a $12 million renovation for a beachfrontt any old renovation. he wants to build a four-car garage with an elevator for the cars, that is. out of touch a bit too much? that's fair game coming up next. [ man ] hmm. a lot can happen in two hundred thousand miles... are you guys okay? yeah. ♪ [ man ] i had a great time. thank you, it was really fun. ♪ [ crash ] i'm going to write down my number, but don't use it. [ laughing ] ♪ [ engine turns over ] [ male announcer ] the all-new subaru impreza®. experience love that lasts. ♪ experience love that lasts. i bathed it in miracles. director: [ sighs ] cut! sorry to interrupt. when's the show? well, if we don't find an audience, all we'll ever do is rehearse. maybe you should try every door direct mail. just select the zip codes where you want your message to be seen, print it yourself, or we'll help you find a local partner and you find the customers that matter most. brilliant. clifton, show us overjoyed. no, too much. jennessa. ah! a round of applause. [ applause ] [ male announce

next is the review, and this is exactly for that and i am very happy that a aei has organized this and in japan there has been research on that. the government is now doing this diet commissioning this as well. we are trying to find what was right and what went wrong and we have to be very candid about it so we are trying to do this, and last i didn't say at the out said that we always were saying that as i said we were on the recovery road but it wasn't just by ourselves, it was because of the help from people around the world. of course japan has some strong points. we have recovered from, for example the closing of japan for 200 years and we were opened up in 30 years we were able to be among one of the powers. after the investigation from world war ii after 20 years we were able to hold zero -- host all of the games. its place in japan because we don't have energy at all, and still we were able to combat and if most cars in the economy compete with other countries so we were able to turn the table and meet the challenges to opportunity and i think we will try to do this again, that

our next speaker is a resident scholar at aei.e decided to recruit an economist who is reasonable. welcome. he joined us after a career at the federal reserve board. he was actively involved in the fed's analysis of the u.s. economy and financial markets. his research spanned a wide range of paul -- of topics. he is a visiting scholar at the ucla center for real estate. he also maintains an economic consulting practice. as does every former fed economist, apparently. [laughter] >> i am really pleased to have the opportunity to participate in this panel. i would like to congratulate congressman brady for starting what is an important discussion about the status of the fed and the conduct of monetary policy that will extend far beyond today's discussion. i did not come up with a star rating, but i think my overall assessment of the bill is probably more in line with nathan's than al's. i am probably more in the three- star range. there are some that gives me pause. i will try to go through the various titles to hit the high points o

>> i think two points on this, and i want to thank everybody for arranging this at aei. we are what casting this on cnn.com. i wanted to mention that. in 1968 we spent 9.5% of gdp on the vietnam war. that is relatively small. our only spending 1% of gdp in afghanistan. we're not spending much money on these wars. . two, agreeing with -- point two, you have undercut the whole point of this exercise, because you pointed out the stomach to difference who the next president is because these policies will continue. president obama into the 11th was involved in six conflicts in muslim countries, yemen, somalia, and war that was winding down in iraq, pakistan, he tripled the number of troops in afghanistan. he said they've run to stay there for five years. it was an application, and when we pull troops out afghanistan -- in 2014 we will have the same troops in afghanistan that we had at the end of george the busch's eight-year term. it is an amplification. >> the question is looking ahead. we're now looking at getting out of afghanistan. >> i am skeptical of that. yes, there is

i am here to welcome everybody on behalf of aei and for my -- >> my partners in crime at the new americanndation, and did center for a new american security. this is a joint projects, and it adds geometrical levels of complexities. but we have been working at 3 for a while. we are pleased to kick off a series of events examining the core issues of foreign and security policy in this presidential year. the three of us are institutions with different policy perspectives. what has brought us together is a shared belief that this will be a extremely consequential election. voters might make choices based on domestic concerns, but the outcome will effect the world, and the world will be watching. we believe the four statistics concerns are the future of the middle east, the effect of china's geopolitical rise, whether the american military can sustain global leadership, and above all, today's topic -- what role do we see for ourselves in the years ahead? we are lucky to have robert kagan from the brookings institution to lead this conversation. nobody has thought more deeply about the role of