one of the world's top bankers, roger altman, thinks so. harvard's niall ferguson isn't so sure. >>> next up, can't we just predict the election results now and be done with it? i'll ask nate silver, "the new york times'" brilliant statistician. >>> also, the crisis you don't know enough about that could have a big impact around the globe. >>> first, here's my take. both conventions are done, and what can we say about the upcoming campaign and election? well, one hearty prediction about elections seems likely to hold this november. the winning party will be the one that is more genuinely optimistic about america, even in the midst of a struggling economy. now it used to be that the democratic party was the glum party. in the 1970s and 1980s, democratic party leaders often criticized the country relentlessly for its behavior at home and abroad, for its inequities and injustices, think of civil rights and vietnam. the democrats' jeane kirkpatric said at the 1984 republican convention, always blame america first. but today, it is the republica

>> i think altman is probably right. he spent the weekend in jackson hole. that giant conference we made a big deal out of it on cnbc? altman was there this weekend because his god daughter, richard fisher, the vice president's daughter was getting married on his ranch. >> he was polluted by bulls. >> he had all those guys out there talking to him. i think he had a little bit of informed message. >> mr. altman, i have respect for him, implied it may take four years for headwinds to subside and when they do, things might get better. a little worrisome, four years. >> there are a lot of pluses going on in the economy people aren't really paying attention to. >> there's a new stanford study that finds eating organic foods are on average, mow more nutritious than conventional foods? do you buy organic? does mrs. pisani buy arganic? >> i don't. but i have respect for people to do it. it's more expensive. if it's beneficial health-wise, it's better. the problem we have a huge lo y lobbying constituency growing. it's like global warming, you have to take a politica

brendan mccarthy the robert altman clemente award nominee.welcome back coco crisp out of the lineup after missing 10 games a homer to right gets the a's on the board. tied at one in the third, a shot that does not come back with the a's up for good they won it 8-3. rookie a.j. griffin his seventh win. the a's are rolling. giants at san diego buster posey took a ball off his throat stayed in the gang because he's tough. sandoval's tough as well pop logos art in the third the base of the board giants beat the padres 3-1. vogelsang gets the wind. a no no 4 cincinnati reds pitcher homer bailey how one nothing no no shut out first by [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll

. >> my altman goal is to kick her out the door, but i want her to get out successfully. >> now your 11 insta-weather plus forecast with meteorologist john collins. >> a wider view of the radar. you see the band of clouds, trying to thin a little bit from baltimore sells word. that is driving temperatures up a bit. we have another cluster of showers in ohio coming into west virginia. this is where our next thrust of rain will come from this afternoon and this evening. in this is a front. we did get some rain right before daybreak this morning, and overnight last night. we will show you. it was mostly from the city north worward. some of these green targets, almost an inch of rain. parts of baltimore county, harford county, cecil county. here we only got a trace of rain in the area. we take a look at the pollen count. we have not had much rain to wash it out of the air, but the plants are not very active either. no tree pollen, grass pollen. temperature was coming can see where the sun is having its best effect. we begin to see these orange shades where temperatures are moving up to a

roger altman is still in the mix for obama. even tony james gets a few mentions.s certainly on the scene. i don't know that obama necessarily goes with a wall street guy. he goes with somebody that can work with a big debt. somebody like irskin bowls would be at the tomorrow of the list. i don't think that list has changed all that much. i doubt that obama would go with a wall street guy. there's names in there. he wants a guy that can talk to congress and balance the budget and get a real deficit debt deal done. >> you have a lot of wall street guys floating around. >> there are a few. they're keeping a real low profile. i don't think they were too psyched with elizabeth warren's speech. bankers are here. tony james are here. some are still supporting obama, although not a lot of them. >> did you see some of these excerpts from woodward? >> he writes a book every week. >> he does. >> interesting, boehner/obama? >> yeah. i think he's spewing polls which, you know, it makes sense. he thought he was on the cusp of getting something big done. it was an accomplishment

. >> i want to ask, roger altman has a piece in today's ft where he lays out that we could be in forthan expected recovery no matter who gets elected. he says the famine we've seen could be followed by a feast. you could see better than expected housing recovery and that could spur all kind of growth, spur us back against 2.5%. do you agree with that premise? >> i hope he's right about that. i think that premise is partly true. what's happening now are very important corrections are almost completed. the housing market seems to have carved out a bottom. i think that's huge. i think it will support growth rates above trend. if you take trend to be around 2%, 2.5%. are we talking about 3% or 4%? i'm closer to the 3 than -- >> we'll take any of that right now. >> that would be good. to get above trend would be helpful for this economy. >> in terms of the convention, how much is going to be an attack on, for example, ryan and romney relative to a hope-filled convention that we saw four years ago? >> i guess i would split it by around half and half. if it's a lot more attack than hope, i

i know that altman the we're going to work our way out of that by growing our way out. we discount bad news once, not twice, not three times. there really isn't anything new coming appear from the eurozone are the fiscal cliff. these are all known issues that have been out there for a while. the market has discounted these issues, and if we can chip away at removing some of this overhang from the market, we're going to see the multiple. this is fundamental, the multiple of the market will expand and this will work. i can tell you right now that not many investors are thinking that this can work, and they're is a lot of negative psychology. to me this surprises to the upside, and the economic data has been incrementally getting better, worse. liz: what would force you or encourage you to change to becoming more of a bull? >> well, i certainly want to see with the ecb, want to see what the fed is doing. i want to see the market continued to move upward at some point. you have to look at the turn and say it is in an uptrend, and you have to buy it. those are the things odo

fed's mandate to pump up the economy itself we heard from ben bernanke is getting weaker despite altmanom the past. >> he is not achieving what his goal is. he says that is his goal. he is not designed to prop up wall street but he keeps propping up wall street and he doesn't create any jobs. it proves that economic planning through manipulation threw money and credit doesn't work. it creates bubbles. it creates the problems. you can't solve this problem by doing more of the same. so some day we have to wake up and challenge this whole concept of central economic planning through central banking, as well as keynesian economics that we should have intervention in the economy because we're witnessing the failure of that whole system of economic policy. david: well, he doesn't think it is a failure. here is what he said in his jackson hole speech in august. he said quote, central bank security purchases have provieded meaningful support to the economic recovery while mitigating deflationary risk. which you would say? >> unemployment is still up. he is complaining about the unemployment. th

between those two divisions, you're getting to the same and go, altman privatization of everything. >> he is something of an expert. to learn as much as he could, he became a member of alec. >> what i realized is if you join alec for a mere $100 as a legislator, your full access like any corporate member. >> he took itself to a conference for a firsthand look. >> welcome to my video blog. i'm in new orleans at the alec convention. >> that is where you watch the interaction in a room full of lobbyists. wining and dining, many people does came from a dinner sponsored by some special interests coming to a party sponsored by special interests so they could continue to talk about special interests. >> this is from the new orleans convention, including a number of seminars that they held for legislators including one called "warming up to climate change." the many benefits of increased atmospheric co2. >> the 2011 conference was sponsored by bp, exxonmobil, chevron, and shell, among others. another event featured bands ditco this is the nra-sponsored shooting event for legislators and lobby

the win altman they would need not be ours.e a's are two games ahead of the angels the second wild-card spot they are one and a half beats behind boston. monday night football this is a talker this morning the seattle green bay game. packers were leading 12 to seven quarterback russell wilson froze a hail mary it appears as if the packers' defense will intercept. a one ref ways it off the other causes a touchdown. look pretty clear that jennings grabbed the ball first but after reviewing it came back a touch down stand pete carroll and the seahawks went 14 to 12. >> it was awful. just look at the reply. and the fact that it was reviewed. it was awful that's all i will say. >> don't ask me a question about the officials. so it was cut to the chase right there. >> the nfl will make an announcement today talking about that. terry walsh was 13 weeks pregnant when she won her olympic medal. and she had a feeling she was pregnant what teaming with missing make to win the title at the london games. it was her third straight gold medal

even if there will be huge challenges that come with the transition to democracy, i'm convinced altman the government must be for the people and by the people and is more likely to bring about the prosperity and individual opportunity that serves as a basis for peace. the question is, is this the right stance for the united states and europe to take? and are we taking it? what are we actually doing to implement these values? dr. javier solana, i will like to begin by asking you from the point of view of the most senior of european diplomats and statesman who obviously watched u.s. policies for quite a while now, what do you think? is this the correct stance for the united states? are we implementing it and what about europe? how is this you did in europe and what does europe doing in terms of engagement with the arab region got to mark >> thank you very much for the invitation. -- with the arab spring. >> thank you very much for the invitation. i am very happy to be here. it is difficult to judge from outside the policies of the united states but in this case, i have a very clear. i th

the moderator will be roger altman. and founder of the chairman of partners. the third panel, entitled harnessing technology, improving k-12 education discusses a paper by robert chatterjee, associate professor, duke university, and ben jones, associate professor, school of management, northwestern university. the moderator will be michael greenstone. i mean, we are deeply honored to conclude our program with remarks by the honorable bonnie duncan, secretary of the u.s. department of education. he will make his remarks and then he will entertain questions from the floor. he gives all of us the opportunity to listen and engage. and adam moody, senior fellow at the brookings institute. let me also thank our enormously talented and hard-working staff, without which nothing that we do at hamilton projects would occur. without them i thank you for being with us and the podium is yours, michael. >> the reason we are here today. history of america has been one of the k-12 system the world. unfortunately, over the last couple of decades, it seems to be true. there is

the moderator will be roger altman, chairman of new visions for public schools and founder and chairman of evercore partners. the third panel entitled "harnessing technology to improve k-12 education" discusses a paper by aaron chatterji. associate professor at duke university. the moderator again will be michael greenstone. finally we are deeply honored to conclude our program with remarks like the honorable arne duncan, secretary of the u.s. department of education. he will make his remarks, and then he will entertain questions from the floor. this is a truly remarkable program that will give all of us the opportunity to listen to and engage with important thought leaders in this absolutely critical area. for development elect rule concept for this area come and then to bring the program together, let me thank three people. michael greenstone, threats of the hamilton project, karen anderson, managing director of the hamilton project, and adam mooney, project and senior fellow brookings institute. let me also thank our enormously talented and hard-working staff, without which nothing t

letter came in from senator grassley nine months later or so in january 2011, we believe, as the altman testified, that he should have alerted the department to that. those were the findings we may. as to what the discipline and decision is as to discipline or administrative or other conduct, that is really a decision ultimately under our system to the attorney general. i have the authority to investigate, make the findings, which i did, and then is that to the attorney general to decide what, if any, discipline to impose. >> thank you, mr. chairman, and mr. horowitz for the very thorough job you did. i appreciate the way you connected the dots and drew the line so we understood where there was instability. my line of questions really goes to why this investigation has gone on for so long and why the public was concerned about it. the face of this investigation, the poster boy, as it were, has been the attorney general of the united states. the committee has had hearings where over and over again, it was alleged that gun walking was known at the highest levels, even by the attorney gene

general armstrong has ordered a retreat and jennings wrote in his memoir that altman was chaos.madison that the white house treasures and jumped into her carriage but before she dashed off she turned to jennings and the other remaining behind for the moment and said save that portraits of george washington. do not allow the british to defile this important image of the father of our country. dolley madison deserves the credit for the impulse but paul jennings and two of his co-workers are actually the ones who deserve the credit for rescuing the portrait himself. rather miraculously it was carried off as a giant stretch of can this. you may have heard it was cut out with a knife and rolled up. not true. present-day conservationists prove that it was never cut out, never rolled up. with great effort this frame was broken and the large picture carried away to safety to a barn in maryland. jennings's legacy includes the authorship of the first white house memoir and a major role in rescuing of a portrait of george washington. but there are other important elements to his legacy as

letter came in from senator grassley nine months later or so in january 2011, we believe, as the altman testified, that he should have alerted the department to that. those were the findings we may. as to what the discipline and decision is as to discipline or administrative or other conduct, that is really a decision ultimately under our system to the attorney general. i have the authority to investigate, make the findings, which i did, and then is that to the attorney general to decide what, if any, discipline to impose. >> thank you, mr. chairman, and mr. horowitz for the very thorough job you did. i appreciate the way you connected the dots and drew the line so we understood where there was instability. my line of questions really goes to why this investigation has gone on for so long and why the public was concerned about it. the face of this investigation, the poster boy, as it were, has been the attorney general of the united states. the committee has had hearings where over and over again, it was alleged that gun walking was known at the highest levels, even by the attorney gene