here at aei.but the senator mcconnell who spoke to the nation on "meet the press" in the year 2,000 and it's important to-under context of his statements at that time. the senate had just voted on june 9th, 2000, by an overwhelming bipartisan vote of 92-6, to require groups organized under 527 of the tax code to publicly disclose their political expend deb -- expenditures on behalf of candidates. 527s include all political action committees and currently include what are northern as superpacs. now, senator mcconnell was one of the six to vote against that 527 disclosure, but he justified his opposition on the grounds that the disclosure requirement did not extend to more groups. here's what senator mcconnell said on "meet the press" nine days after that senate vote, quote: he mentions -- he mentions the senate vote, and said that if you're going to require disclosure, quote, it needs to be meaningful disclosure. 527s are just a handful of groups. we need to have real disclosure. and so what we oug

and in his speech here at aei ex-urged all of you to read justice thomas' partial defense in citizens united on this very matter in doing so, senator mcconnell failed to disclose that all of the other eight justices, in citizens united, rejected that argument. and that the supreme court has already developed mechanisms to address cases of extreme and demonstrable oppression. the supreme court in cases ranging from buckley very chalet hoe, to citizens united to the recent mcchurch con case, have reheat -- repeatedly argued disclosure advances public interest and the court rejected the arguments put forward by senator mcconnell and justice thomas. the courts have put forward three main arguments in favor of disclosure. one, the public interest in knowing who is spending money to try to influence their votes. two, that transparency serves an important anticorruption interest, and, three, that disclosure helps to enforce other campaign finance laws like the prohibition on foreigners or foreign owned corporations spending money in u.s. elections. here's what the sprem court said in buckley

i think that will resonate here at aei. >> we thank all of you for coming. this was an excellent panel. i am optimistic with all of this passion and the growing interest on the hill that things may get better for the mentally ill. [applause] take you so much. >> there've been allegations and insinuations that i knew about the planning of the watergate break-in and that i was involved the plot to cover it up. judiciary committee is investigating these charges. 6, i will give all of my materials turned over to the committee. these are take recordings of 19 documentsons and 700 from private files. the judiciary committee subpoenaed 42 additional tapes of conversations. i agreed to respond to that subpoena. nixonyears ago, president responded to a subpoena for extra watergate tapes. , sunday night on american history tv on c-span3. a discussion on challenges faced by national security whistleblowers. speakers include daniel ellsberg. here is part of what he said. snowden look at these , he realized he had to be out of the country if he was going to put out this

that brings us to hamburg where a late goal saw them lose to one against visitors hanover the aei conan score the winner just five minutes before the final whistle in stuttgart won a vital point away from home midfielder danny ninety. downey scored their goal and a one all draw with one back before one iran to equalize for the home side late in the game. the rest of the weekend's results so far it looks like this. we'll start stake their claim to champions league football with them for one win over nuremberg fried or deep in franchise was with a two nil win. mine some brain and three nil on friday shot then strolled to a two nil win over frankfurt. it was important victory and keeps them on track for a very vital goal. it's pretty much assured of the champions league spot next season after securing three vital points that said both sides got off to a lackluster start. sean kelly had one serious chance for a goal in the first half tickets must not going to lie with a header from two meters out frankfurt keeper kevin trap with the city. a rare highlight in an otherwise forgettable first h

that the basic principles of the affordable care act builds on ideas from the heritage foundation, aei, , that sets ane individual responsibility. are conservative ideas. just like conservatives who originally came up with this idea decades ago, they are working. once it amid their working, you can get to the next age of saying "can we tweak them to make them work even better?" >> what is your best estimation about how the law is affect and for good, bad, or otherwise the labor market? budgetcongressional office said that right now, and they define that as roughly 2014 -2016, the main effect it would have is to lower the unemployment rate. that is because the affordable care act is putting more money y's pockets. each can take some of the money you have saved on health insurance and spend it on other things. it helps the economy. and,the medium and longer the most important question for the economy is what does this do to the growth of health cost? i think it is contributing to the slowdown down. it helps wages and jobs. >> we have seen a slowdown in health employment. do you worry abo

surveillance scandal was leaked by former state contractor edwards no one can spread throughout the world by aei journalist glenn greenwald and his colleagues for their investigative reporting this friday when greenwald returned to the united states his homeland for the first time since the nsa scandal broke how is your return. use reason and that is very smooth of witches of expected which is what we can not come because we think that the us government wanted to do something really counterproductive and they didn't so have we seen glenn greenwald and his colleagues attacks and accused of being traitors accused of being criminals and accomplices and possibly up questions were raised on whether they should be tried in the united states for doing their job and certainly this it started off cold natured debate on the role of journalists in modern society and being intimidated or telling the truth. there are ways to commit a journalist you can imprison them en masse. but there are other ways to do it and calling journalists working on stories accomplices or having powerful chairman of committees spe

i give the aei and the bloated beaten out and then the kids in the pentagon isn't it. this probably isn't just limited to the ttp the oakland has since been banned from enacting them from living units. attended mt act nineteen seventy two seats. competition to carry its beauty queen and to britain on. and i are in the northern city tuesday jockey silent areva seems to be on a different route. she actually was using them was the first out the door by contesting the bin and candy to nest in my non stop on the menu included josh and i'm ninety. tonight's team to the currency. i will just be those who have predicted that down. the group that status the doubling of the electorate. the edinburgh in the election and that of the convention that all living within the street that led to the net. some of the electorate. the nineties teen age in the lakes units began early this month. going to work on the truth. a stunning forty million into three branches we may try funding for teaching on the coast to the roadhouse on the indian prime and all you sober up. his eyes aren't you on

i am a resident scholar here at aei. our discussion is on the role of and the role of the government and mental health policy. we typically think of mental health as a state responsibility. extent it is. the federal government can have a very influential role in shaping services and policies for mentally ill patients. there are huge gaps there which fallen toll patients the street and into gel. it is heartbreaking situation. have representative tim murphy. the panel discusses helping family and mental health crisis act. it addresses persistent problems in mental health care systems, among them the shortage of psychiatric beds. there are is just a hearing two days ago on that. education ofe evidence-based treatment. small problem of violence and mentally ill, outdated, involuntary commitment laws and the questionable priorities of the lead agency within hhs that is responsible for funding the services for the nations mentally ill. everyone on the panel will respond to his comments are patiencedicated to the and to the fam

aey have deepened at least little bit. the nasdaq is now down about a quarter of one percent.n terms of individual shares, pandora is one of them. it announced an increase in listeners last month. shares initially rose more than 7% on the news but have turned around. the stock now down more than 5%. we are also looking at google, class a and class c shares moving higher, with just a little bit. class c are the nonvoting shares that began trading today. both of them are still included in the s&p 500. that means that there are 501 total listings. google is not the only tech company making news today. i am joined by adam sucked ariana for today's tech report. adam, i have been looking at this in google news dual class offering. it seems like the bottom line is -- , when you look at i want to hold onto the reins of this company. >> absolutely. this is a way to issue more google shares and compensate employees and use for acquisitions or if they wanted to issue more shares to shareholders at some point. this is a way for them to do that without them diluting their own control and s

in aey thing is to be up i position to do it ipo when the market is favorable.nt to do it with a gun to our head because we need money. >> thanks so much for joining us today. the bwest now for byte will refocus on one number that tells a whole lot. corey and john are palling around new york together. bite is a twitter , the number of posts with the #nypd. their favorite moments. they shared things that look like stop and frisk and suggested police brutality. bad eerieren't all but i did see the #epic fail. thanks so much. be sure to catch "bloomberg west" tomorrow. the former president of the rhode island school of design. ♪ >> from bloomberg world accord is in york, i'm mark crumpton. this is "bottom line." today, new home sales in the united states take a plunge. as the ukraine crisis continues, u.s. troops arrived in poland for joint military exercises. the technology that makes 3-d look boring. our viewers here in the u.s. and those of you joining us around the world, welcome. we have full coverage of the stocks and stories making headlines today. peter coo

at aei, and the urge you to go org wen our stuff at aei. are doing pathbreaking work on poverty. we see the people who put their lives together that have been most disadvantage, people out of prison or he were homeless, former prostitute. people at the bottom of society and say what did you do to put your life together again? what do you need? what do all poor people need? they are the experts. what do they say? they say we need hope. we have to look at the future. there is something for us there. we do take moral agency, if we do get relief and we work hard we can actually do something. this is a country losing hope. it is bad enough about enough me and my kids. you know who needs help? the people we are visiting that are actually poor and being left behind. it do you know what we need? a hope agenda. here is the hope agenda in a nutshell. education, jobs, entrepreneurship. i want to talk about each of these three things. i will start with education. outraged by the abuses of the bureaucracies and unions that are eating up all of the public school money and setting back to the k

. >> thank you, aei thanks all of you for coming, and for an excellent panel, and, i don't know, i'mtimistic with all this passion and this group and the growing interest on the hill that things may get better for the mentally ill. thank you so much. [applause] [inaudible conversations] >> for more than a year, there's allegations, insinuations, that i knew about the planning of the watergate break-in, and that involved in an extensive plot to cover it up. the house judiciary committee is now invest gaiting these charges. on march 6th, i ordered all materials that i had previously furnished to the special prosecutor turn over to the cadet. these included tape recordings of 19 presidential conversations and more than 700 documents in private white house files. on april 11, the judiciary committee issued a subpoena for 42 additional taped conversations which it contended necessary for its investigation. i agreed to respond to the subpoena by tomorrow. >> forty years ago on april 29, president nixon respond to a subpoena for additional water gate tapes. his response, plus reflections fr

mark is well known to aei audiences and has written many papers for us, and we are looking forward to what he has to say. with that, let's start with jim. >> good morning. this is a great time to take a snapshot at what is going on with the health care law. i think i would agree with some of the commentators i've read recently, some of whom are strong supporters of the law, that it is going to take much longer than the three months we have been into this to really understand full implications of this. it is going to be a two- or three-year process to figure out whether it has changed the insurance landscape in a positive or negative way. we are early into this debate judgments. we work at a think tank and we do conferences, and we will do it anyway. i read -- i apologize for the small type. there is too much to cover in this. i will read it out to you. i was struck by a column that was written by a colleague at aei who wrote and summed up my thinking about this specifically. he said is this a success story or is this a story of survival? i think it is much more a story of survival tha

. >> at the washington offices, aei hosted a discussion about al-qaeda.this is an hour and a half. >> good morning, everyone. [inaudible conversations] or just the very beginning of good afternoon. i think we can get going if we can break up some conversation over there, a little bit? thanks. okay. i want to thank everyone for coming out on a beautiful day, coming inside to the windowless -- well, we have windows, but we covered them for some reason, i'm not entirely sure of, but thank you, all, for coming out to talk about our usual happy topic, i'm fred, the director of the critical project, and we've been working on al-qaeda, and especially on the various al-qaeda affiliated movements around the world for a number of years now, and this, unfortunately, is a topic that does not show any sign of diminishing in importance, and it is getting evermore complicated to understand because, unfortunately, what we're finding is that a lot of the affiliates and associates are ramifying in their local areas, and both expanding and interacting with one another in ne

i am a resident scholar here at aei and our discussion today is on the role of mental health, the roleof the federal government and mental health policy. we typically think of mental health as a state responsibility and to a large extent, it is, but the federal government has a very influential role in shaping services and policies for mentally ill patients. in the last few decades it hasn't used that very effectively. as everyone knows we have a chaotic patchwork of services and huge gaps through which mentally ill patients fall into the street and end up in jail. it is a completely heartbreaking situation. the -- so today we have that representative tim murphy at the legislation called helping families and mental health crisis act. it addresses persistent problems and mental health care systems. among them the shortage of psychiatric beds. there was a hearing just a few days ago. the adequate implementation of evidence treatment, small but real problem of violence on the mentally ill are outdated in the voluntary commitment laws. the lead agency in the hhs that is responsible for fun

aey are talking about foundation. they are the person sitting next groceryt work, in the store with few, very often the biggest relative poverty is having a child with a disability, intellectual or physical. to have to quit your job stay at home. having a parent with alzheimer's. it is a full-time, 24/7. it can make you go from comfortably middle-class to on the ground poverty in a matter of three months. we have to recognize that the american family has changed dramatically since his time. only one fourth have a stay-at-home mom. that is a completely different family we are talking about. themselves have to recognize that we have to adapt to the fact that we have intellectual and physical disabilities. we have women and men that both work. that affects how the education system is run. people who have no time to pay attention. i was in my job if i could just have a supervisor who understood what i was going through, who sees me. comes back to people. they have a slogan in africa that says when you meet someone us at h

. >> the pushback from the republicans has been from a conservative think tank aei which said in the white house and executive branch women are only paid 88 cents to the dollar on men and the pushback again from the white house is that that is the aggregate number because you have more women paid -- >> they are both exactly right. it shows the difficulty with more making this is all about discrimination argument. there is definite a wage gap, both in the economy at large and white house between women and men. that's because it may be a lot of factors in the economy. at the white house i think it's fairly clear that women at the same level are paid the same as men. but there are more senior men than there are senior women. until that changes we'll have some continuing pay gap, even at the white house, inconvenient for them. >> the president is greeting mika brzezinski of "morning joe", she has written several books on the subject of equal pay. in the private sector which is more regulated in terms of what you're paid at the particular government level -- >> and more transparent. >> in

mark is well known to aei audiences and has written many papers for us and looking forward to what he has to say. so with that let's start. >> good morning. this is a great time to sort of take a snapshot at what's going on with the health care law. i think i would agree though with some of the commentators i've read recently, some of whom are very strong supporters of the law that it's going to take much longer than the three months we been into this to really understand full implications of this. probably be a two or three-year process before you can really figure out whether it's change the interest landscape in a way that's positive or negative, at a cost structure of the country and positive or negative ways. we are very early into this to make judgments, but we work at a think tank and we do cover decided to go. we are going to do anyway. i read, apologize for the smalltalk, too much to cover in this. i weeded out to you, but i was very struck by a column written by our colleague here at aei who wrote, summed up by thinking about is pretty succinct. he said is this a success sto

here is more is aei senior fellow and senior political columnist for the "washington examiner" tim carneyhow close are these guys to congress and what is going on? >> well if you've been following the news, particularly if you're following political corruption news you already know the name of the biggest medicare recipient as far as doctors go, solomon melgen who got caught up with corruption scandals related to democratic senator from new jersey, robert menendez. he is eye in florida and got in trouble for overbilling medicare and in fact had to pay back millions of dollars. still after money paid back he is number one recipient of medicare money and given over $700,000, i think over a million, i will have to double-check numbers to democratic politicians and super pacs. this guy is going ahead and bankrolling democrats, possibly fleecing medicare, and then pocketing millions of taxpayer dime. gerri: the reports i have read, is that a lot of that money you described, 700,000, going to super pac that donated to senator menendez, who spoke to the feds on his behalf about this money. >> on

. >> host: my colleagues back at aei -- >> guest: we had joe antos come to my class on health care policy at the university of pennsylvania. he didn't have an alternative plan that addressed the issue. it turns out he wanted tweets around obamacare. i think that is the true republican plan. this is the marketplace. it is market-oriented. it does have private insurers. that is really the republican approach. that's the plan richard nixon originated. i don't think republicans ought to accept that this is a free-market proposal and say that's the structure lets try to make it better. right now we all know things need to be done to improve the affordable care act and we should get on with trying to do this. >> host: just enumerate some of those. >> guest: well i have a chapter in the book where talk about health reform 2.0. >> host: is that megatrends? >> guest: the chat group for megatrends. i would like to raise the cigarette tax. the cigarette tax we know if you raise the cost of a package of cigarettes you can get a very predictable declined in smoking and everyone wants to have fewer peo

. >> host: my colleagues back at aei. >> host: >> guest: , he didn't have an alternative plan that was spelled out. it turns out he wanted to make cement obamacare. i think that is the true republican plan. this is a marketplace. this market oriented. it does have private insurers. that is really the republican approach with subsidies and people. so that's the plan. richard exton originated. i think republicans not to accept this as a free-market proposal and say that's the structure. right now we all know there are things we begun to improve the affordable care act. we should just get on with trying to do those. >> host: just enumerate some of those. >> guest: is a chapter the book about health reform 2.0. the chapter before it megatrends. these are things like i would like to raise the cigarette tax. the cigarette tax, you raise the cost of a package of cigarettes you can get a very predictable to climb in smoking. everyone wants to have fewer people smoke here that's good prevention and the most effective way to do it. >> host: can't smokers be as eligible is the wrong word, but sus

aey have the platform that is suv crossover. that is being rolled out.olled the bentley line and the lamborghini line. they will get a lot of commonality out of all of it. can aston compete? >> mercedes is well known for their suvs already. one of the biggest selling models is the gl model. aston martin will be building an suv based on the suv known as gl. this is really where we see the market growing in terms of number of seats available in suvs. that is an attractive market for china. the large suv is starting to take over. it is a sexier product for people to purchase. thank you very much indeed. andrew lee is joining us. laundering is getting easier than ever. it takes just a few clicks of your mouse to commit the crime. we will talk about that right here on "the pulse." ♪ >> will come back. theaw news being broken by mpc. they're hinting at the fact that a rapid rise in interest rates in the u.k. could be destabilizing. that is a little bit obvious, but it goes back to the message we're hearing that rate hikes are going to be gradual. currency, let

. >> host: my colleagues aei -- >> guest: we had joe at my encloses on healthcare policy at the university of pennsylvania. he didn't have an alternative plan. it turns out he wanted tweaks around obamacare, and i think that is the true republican plan. this is a marketplace. its market oriented. does have private insurers. that's really the republican approach, with subsidies for people who can't afford to buy. that's the plan richard nixon only nateed. i don't think -- i think republicans ought to just accept this is a free market proposal and say, that's the structure. let's try to make it better. right now we all know there are things that could be done to improve the affordable care act. we should just get on with trying to do those. >> host: just enumerate those. >> guest: well, i have a chapter in the book where i talk about health reform 2.0. >> host: the mega trip trends. >> guest: i would like to raise the cigarette tax 50 crepts. why? the cigarette tax. if you raise the cost of a package of cigarettes you can get a very predictable decline in smoking, and everyone wants to have

aey are investing in distribution center in germany.can get the smell right. >> -- they can get this mile right. doesn't seem to put investors off? >> not really. we pose the same question to the cfo. served caring about how will sustain its rapid expansion. if they wanted to be, they could be the 70th largest company. at this stage, maybe that is not their priority. >> thank you for joining us today. just ahead, italy's elite came together on the red carpet to celebrate the business of fashion. some of the top designers will give us their take on the future of fashion. ♪ >> amazon's chief executive officer jeff bezos is stepping up his push to reach customers in their living rooms. the company will unveil a television viewing device for streaming video. anddevice will put amazon closer competition with apple and google. china's largest trader kosko has agreed to pay $1.5 billion up front for the agricultural trading unit. scarce farming resources at home. ford motors russian joint venture is cutting 950 jobs at two factories in respons

but first i'd like to see a little bit about the polls i watch at aei on many different subjects. there are very useful to understand complex and i don't think they should ever be used to make policy where the issues tax form or a d. grade for the professionalization of college athletics. they are too blunt tools for that purpose. publics rarely ever get specific legislative advice. they start their deliberations about their values. there are other problems in making any kind of sweeping judgments, sweeping assertions from limited amount of public polling data we have in the tax area overall. not only are the response rates of well-designed surveys now around 10% but perhaps more troubling is that many of the major pollsters are no longer updating the valuable trends they've had in pastures in areas such as taxes. they have become the handmaidens of the media delving into the subject when it's a hot media story and then simply dropping it. at least half a dozen major pollsters were in the field asking questions about the iris are getting specific political groups when that news st

had supported the individual mandate, thought it was a good idea in heritage, and i know you've at aeiht say they care about health care. they didn't find allies as a historical matter in the republican congress. this house has been against the law, against anything to do with mending it or helping it, and now wants to sit around and claim interesting into the midterm that is they have a health care policy. we know they don't. i think that's what's interesting about sebelius exiting is it becomes sort of a roar shark for how people feel. the law is working. 7.5 million covered. plus, more people, as you mentioned, norm, and she's leaving in a great period of success. yet, in the republican world view, they want to pretend somehow that she's being drummed out of there, and i just don't see any evidence of that, as well as the fact that she sebed as a health and human services secretary longer than a lot of others have historically. the question i want to ask you, comment on any of that, and then what do you think about the fact that generally more of the ayre against obama care has obvi

is this with you protest and forces the month of november well it's aei the problem is that we can choose the critical key to long day. this is true so it's true that these elections. unfortunately we will be choosing the single best worst. we can say that but let's say that we are more waiting for and therefore departement reactions and hoping that that will change much more because it due to this weekend because she's onto something for ukraine is more of a parliamentary republic right now so the president has much less power than unocal beach. so in fact it's more important to how the parliamentary elections that they are also well organized. then things will advance and i would also like to return on this point of civilization i think the other reason why putin is promoting it is because the apple to create some instability in the country because we know that case all belgium where they have some problems because of the those different parts of belgium how the different likes and who are acting independently because if ukraine now holds good position actions in the parliament election

mark is well known to aei audiences and has written many papers for us, and we're looking forward to what he has to say. with that, let's start with jim. >> well, good morning. this is a great time to sort of take a snapshot at what's going on with the health care law. i think i would agree, though, with some of the commentators identify read recently, some of whom are very strong supporters of the law that it's going to take much longer than the three months we've been into this to really understand full implications of this. it's probably going to be a two or three-year process before you can really figure out whether it's changed the insurance landscape in a way that's positive or negative and the cost structure of the country in a positive or negative way. .. or is it a story of survival? i do think it is much more a story of survival than it is a success story so far. so the thought process is let's look back, think about if you were talking about the prospects of health care law a year ago and someone described to you a series of events that kind of goes as follows, that the ob

celebration of denmark's speed skating -- >> michael barone with aei and the washington examiner where a colleague of tim's on both accounts. megan mentioned that one of the reasons bankruptcy works is there's a stigma to it. and it seems to me that much of american life we give people second chances, we stigmatize them, we have to keep that balance. you could argue that in the 19 p 0s we -- 70s we reduced the stigma on divorce, and lots of people got divorced which turned out to be sort of bad. and then as our colleague, charles murray, pointed out well credentialed, affluent people stopped getting divorced. and people in his belmont. and people in fishtown are still getting divorced or, indeed, never getting married. and how do we maintain that balance if there's a moral component to it? i don't think you address that a lot in your book, and i'd be curious about tyler's idea and is there some way to quantify that? >> i think this is hugely important, and we tend to really underweigh it. i do talk in the book about russia where there was a lot of thinking in the early '90s as people t

i've been a real fan of tim and joke for a long time, as scholarship aei and i appreciate very much getting the invitation. i would give my perspective today. it will be a different perspective than you've heard, at least from where i come from. just so all of you know, i work in the marketplace, and i learned long ago that my job was to figure out to satisfy customers. -number of clients out there and what they expect me to do is to figure out what's going on in the marketplace, and what's going on in federal policy and help them navigate their business through that change. if they want the conservative perspective they will go to fox news. they want the liberal perspective they will go to msnbc. as business people they need to know what's going to happen and how it's going to impact them. i'll try to bring that perspective here for you today. i've been working and washed them one way or another either as an executive or somebody running his own business for more than 25 years. as an insurance industry executive it occurred to me way back that the insurance industry could not sustain itsel

aey will ramp up sales of genetically engineered soybean number higher.he >> t-mobile and blackberry are both fire. they will not renew the contract after theyle encouraged customers to switch from blackberry to the apple iphone. whoops. >> mcdonald's down slightly as two former managers have come out and said they help withhold employee wages in order to keep costs down. they engaged in tactics such as adding unpaid breaks. that theytant to note are 80% franchisees who have to run their own business. interesting here is the star, as you saw, not really react in today. it's not having that much of a negative reaction from this lawsuit, the talk about potential labor abuses. there is more of a concern about if sales are flagging and if they are having problems. >> what happens when they are forced to pay that overtime? do they see their hours scaled-back? these small-business owners, these franchise owners, that's exactly what they did. $2.7 million per store, a half the number, but the growth is what we are not seeing. where else can you find money if you cannot have the innovative p

aey did say that india was bit slow. not be surprised if it was slow down there ahead of the elections. that market will pick up as well. it all looks pretty good in emerging markets. >> or do you think they will be investing money? fromthey be getting money the lori l estate? maybe we buy new teleutella? where do you see them spending money going forward? is medicalr nutrition. their reported to be one of the last few people looking at that business. wheres the first step some of those proceeds will be going. control ofaken full that skincare venture. this is probably the immediate scenario. longer term, there are those who think that nestle will get rid of 22% stake in the cosmetics company. that leaves money to do buybacks or big acquisitions. confectionery, they have reported to be looking at something like for rare of. they are linked in the remand chocolate category. premium chocolate category. nestle has not been able to crack that market. they were saying very clearly stake is inosmetic for the long term and it i

is aey rosenberg blackrock. he's in charge of explaining the future for the blackrock crew. .'uestion the dow up 21% a year. we're addicted to these great equity returns. that is not the real world. >> it is not. you look at the greatest equity return last year. 57%.s the nikkei up it comes from unprecedented outsized monetary policy. >> visit single digit expectation? >> absolutely. the net returns outside of these monetary experiments are pressed lower on what is the fundamental backdrop for returns, which is economic growth. in that environment, you have lower growth rates and lower returns from that. >> if i look at janet yellen's speech, must i assume i'm not going to make nine percent but seven percent? we migrate down to five percent annual returns? >> yes. you have the trajectory right in terms of lower lun returns. we are talking about nominal returns. the key in that speech was, what is the outlook for inflation? disinflation -- in europe, it's deflation. i did not hear of janet yellen begin to describe an idea of deflation. >> not an issue here. it is in europe. ,t b

framed to protect the that women were threatened by the equal right women, but after sally reed's start aeyided to women's rights project, so from 72 until 80, i spent most of my time -- haved you -- i know you written and spoken about this. how much did being a woman affect what you were able to do and you were arguing cases before the court? >> the women of my generation had to overcome certain obstacles. ok to make indulgent buts on race or religion, women were fair game. i will give you one example. i was talking to a federal court in new jersey, and they said, i understand women have made great progress. opportunity in and i said women are not allowed to have flight training. the judge responded, don't tell women have been in the air always. i know that from experience with my own wife and daughter. say, you you don't sexist pig. you want to win the case. if you got angry that would be self-defeating. say, i haveng is to met many women who don't have their feet on the ground and then race into the next line. the last argument i had with the 1978. it was about putting women on juries in

aey are trying to build device to device hub, a piece of software that manages interoperability withind, not just blackberries, but also on ios, android, and many of the customized operating systems that you find in the enterprise world. is that a sound idea? it sounds like a complete departure from the blackberry i know of. pains thatbiggest the enterprise has to deal with is the bring your own device. if an employee accesses the company e-mail on a personal problem,hat is there a presents real problems. there is a multibillion dollar opportunity there. well is a can manage everything, i don't know. >> we will continue in just a couple of minutes. he is the founder of softtech. he and i will return in a couple of minutes. ♪ >> this is "market makers." i am here with the founder of softtech. valuations -- are they really whatsapp and oculus are getting all of the attention. what did they say about valuations in tech? >> valuations in tech are bubbly.generally, not this is expensive, but not completely crazy. oculus are the exception. the use paper. -- they use paper. >> some paper. >

i was writing tips for the staff of aei, started out i was getting pet peeves off of my mind, such ash and i had a few words to say about that, but then, martha, it was more serious. as i continued to write tips for the staff here, i ended up talking about the push suit of happiness, among other things. >> let's start with the first one, consider marrying young. not a lot of people do this. why is this a good idea? >> well, you know, it's ok if you wait until your 30s. there are lots of people marriages like that but if you get married at 25, 27, before either one of you are well established in your careers, then everything that happens after that, you have done together and if it's a good marriage, the memory of what it was like when everything was up in the air is a real bonds. >> i remember when my husband and i, you couldn't fit the mattress into our room and you had to climb in on one side. you're right, those memories of getting started and not having anything together is a bonding thing. learn how to recognize your soulmate. how do you do that? >> you know what, if you start ou

aey have received presidential grant from pace university.special agent agent with the federal bureau of investigation. he is currently the acting assistant special agent in charge of the intelligence division in the new york office of the fbi. he has spent nearly 15 years in that office, counterintelligence, focusing on counterintelligence, town or and economic espionage matters. -- counter economic espionage matters. he keeps us safe. we also have someone who has worked in the incident response team at citigroup. she was pivotal in the implementation of north america, europe, and middle east and africa universities. lab andges the e crime received certification for the forensic examination of hard drive. brings moreoley than four to five years of securitye from i.t. risk and compliance. he has held senior positions in architecture and engineering. he has served as global chief information security officer where he managed the information security programs. he holds a doctorate from pace university in information technology. vincent is a sen

at aei, we tend to have conversations that are focused on realpolitik and narrowly scripted u.s.national security interests, and it is important to be able to tie anything relating to the discussions of these of military force in any way to narrowly scripted national security interests. another thing that has been undergirding our approach to these problems for the last several years has been a view that it is not our problem fundamentally, it is not for us to do anything about it, when hundreds of thousands of people are killed, when war is raging across a large portion of an area of strategic importance, when atrocities are being committed on massive scales, we need a compelling national security reason separate from that to be involved. we have had people, including people in the administration, suggest it was in our interest to have a civil war in syria persist because hezbollah was fighting al qaeda and how wonderful is that. seeingblem is we are that in addition to the fact that those policies are in my opinion morally reprehensible and an indefensible, they are bad strateg

something about it and as i said to arthur earlier senator mcconnell wants to come back here it to aei for the third time this year to discuss this matter i would be happy to join him here at this podium. let's get this done for the country and the american people and the strength of our democracy. thank you all very much for attending this evening. [applause] i would be happy to try to answer any questions. >> gerald chandler. would you apply disclosure to an individual? suppose i had $100 million i went to an advertising agency and i say i wanted you the best best you can to tear down the character of the koch brothers for some other thing. would that have to be disclosed? >> look, let me agree with one thing. they are different poor nations of one disclosure may or may may not be appropriate. what i'm focused on right now is an area where we have all agreed it's been appropriate in the spring for is judged to be appropriate. that is when you were giving money for the purpose of electing or defeating candidates whether it's direct or frankly indirect in certain cases. in terms of oth

i am a resident scholar here at aei. our discussion is on the role of mental health and the role of the government and mental health policy. we typically think of mental health as a state responsibility. to a large extent it is. the federal government can have a very influential role in shaping services and policies for mentally ill patients. there are huge gaps through which mentally ill patients fallen to the street and into jail. it is heartbreaking situation. today we have representative tim murphy. the panel discusses helping family and mental health crisis act. it addresses persistent problems in mental health care systems, among them, the shortage of psychiatric beds. there was just a hearing two days ago on that. the inadequate education of evidence-based treatment. small problem of violence and mentally ill, outdated, involuntary commitment laws and the questionable priorities of the lead agency within hhs that is responsible for funding the services for the nations mentally ill. everyone on the panel will respo

i've been a real fan of tim and joke for a long time, as scholarship aei and i appreciate very much getting the invitation. i would give my perspective today. it will be a different perspective than you've heard, at least from where i come from. just so all of you know, i work in the marketplace, and i learned long ago that my job was to figure out to satisfy customers. -number of clients out there and what they expect me to do is to figure out what's going on in the marketplace, and what's going on in federal policy and help them navigate their business through that change. if they want the conservative perspective they will go to fox news. they want the liberal perspective they will go to msnbc. as business people they need to know what's going to happen and how it's going to impact them. i'll try to bring that perspective here for you today. i've been working and washed them one way or another either as an executive or somebody running his own business for more than 25 years. as an insurance industry executive it occurred to me way back that the insurance industry could not sustain itsel

. >> my name is christina from aei, and when i first went to china i was so surprised to learn that studentsthere didn't really have access to physical education, munich, sports. when i was growing up i played all kinds of sports in school but it was an everyday thing. and i learned later, often children are suffered in china in different schools that will do sports and that's their main focus. you mentioned all a bit about what you been doing for afterschool programs. i wonder if there's something more that can be done in terms of changing the way the schools work to include that? i feel sports is such a thing in terms of character building as you mentioned. that would be so beneficial not as a afterschool thing. if you speak on that that would be nice. >> first of all, i don't know if you speak chinese -- yes. sports in china translates as to character. but as exactly translate into english they should be physical education, right? so physical is a strategy, but the goal is to educate, is to educate. like you said, i totally agree, that is, that is my idea, this is my goal to change the si