comparing recent decades with decades before world war ii, the american economy did pretty well. 's the way the growth of our gnp fluctuated before world war ii. here's what happened from the 1950s to 1980. in real terms, the economy was more stable in the recent period. the suess of these policies undoubtedly contributed to recent inflationary tendencies and, perhaps more significantly, to the expectation of future inflation. by 1980, they'd created a general sense that the government would back down when it began to create recession and unemployment. people began betting on continued inflation. this made the government's task more difficult. the government had to act to break the back of these well-entrenched inflationary expectations. it had to fight inflation and a belief it wouldn't fight inflation that hard. expectations are important in economics. they made the task of monetary policy harder in the early 1980s. some economists have concluded that they make stabilization policy virtually useless. according to this new school-- the so-called "rational expectationists"-- only

. >> look, under kennedy we were spending 10% of the american economy on defense, it is now 3%, it will be the lowest since before the second world war. the assumption obama makes, i don't know if they he is a thir worldist or not, is if america withdraws power, they will go into the international institutions. those do not exist, they enforce nothing. so that is what you heard from obama and kerry after the invasion of crimea. it is american power supported by the west if it gets any support. otherwise nothing happens and otherwise into the vacuum come the bad guys, iran, russia, china in those islands and the south china sea. we will see it happening everywhere. the world knows it and they're scared to death.

why did these two events affect inflation and unemployment in the american economy? u.s.iety was besieged by the twin assaults of inflation and unemployment in the 1970s. why couldn't the government achieve significant success against the ravages of stagflation? in the late 1990s, the economy was booming. unemployment was at a 30-year low, and inflation was also at a 30-year low. did that mean inflation was dead? during the 1970s, the american dream threatened to become the american nightmare. for the first time, we were faced with skyrocketing prices and exploding unemployment. stagflation -- why couldn't we beat it? with economic analyst richard gill, we'll explore that question on this edition of "economics usa." i'm david schoumacher. schoumacher: since the passage of the employment act in 1946, it has been accepted policy for the government to fight unemployment by stimulating total demand. often, inflation resulted. when that happened, the government shifted gears and clamped down on demand in order to decrease inflation. for five administrations, the government mor

. >> people talk about the challenges facing the american economy. can economy faces challenges of its own. but the mexican president seems to be making some big strides, winning some concessions from congress. exitingxtent that the economy thrives, to what degree does that help you code how helpful is that too el paso? -- to what degree does that help? how helpful is that too el paso? talk to us about the relationship between mexico and el paso. but that is a great question. a great question. as they prosper and start getting bigger, it creates more business for el paso, but also for the u.s. you have almost $100 billion in trade across the border annually. and it is not only for el paso, but the whole united states. crosses through our area and it is important that we continue to prosper and grow as our economy grows. >> sebastian, we talked earlier about geopolitics. there is a steeped relationship between mexico and america. to what degree do you think prospects for america and immigration reform are important for the american economy? >> to the a

century and recently is this fast socioeconomic change they really remade american society, the american economy and american culture and significant -- and. what you have is a new kind of america that takes shape that is increasingly devoted to consumer abundance, to bureaucratic definitions of work, to leisure and entertainment as keith to the peace lives. and in this world coming to your legs via private taurean self-denial seemed antiquated completely out of touch. i think you see a quite clearly in carnegie's own life is that the old hide down structures of character began to recede into the background and instead new sparkling images of personality began to take its place and it becomes central to a new code of individualism. what you have to say new notion out work character shaping of the healthy, magnetic, charismatic personal image rather than the old internalized the date of old fogies. the new charismatic personality is an crucial to your access in the new world self-fulfillment and bureaucracy and the consumer economy. and "how to win friend and influence people," kerr-mcgee capture

they have said we will crash the american economy if we get into a war. does not just conjecture. as well vladimir prudence said just recently when he invaded the ukraine and we said we will slap sanctions on you. his response was, you don't want to do that because i can crash a stock market. i connected financial system. i can dump the dollar. the very things that i wrote about 2008 and then covered in a game plan. game plan and says okay. if that's what they intend to do what would you as an individual american, i should you protect yourself? what are you saying? you invest, put everything in gold, silver? what do you do with your money. >> as a money manager today are you in the stock market? >> i am. in fact the stock market performs pretty well. i have with me that i carry zimbabwe currency. that is from 1998, zimbabwe was producing $100 bills that you could exchange a thomas cook for $20 u.s. now flipping over. that's what they were producing in 2008. the currency collapsed. those were hundred trillion dollar bills out with 1 penny. despite the fact occur is a completely col

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century and increasingly is this socioeconomic change that really remakes america american societd american economy and american culture in a significant fashion. what you have is a new kind of america that takes shape that is increasingly devoted to the consumer abundance and bureaucratic definitions of work and leisure and entertainment as the key activities in our lives and in this world of the old idea of the victorian self-denial seemed antiquated, completely out of touch. so what you see here i think and you see it quite clearly is the old character begins to recede into the background and instead new sparkling images of personality began to take its place and it becomes central to the new code of individualism. what you have is a notion at work of the shaping of a healthy magnetic and charismatic personal image rather than that old internalized character ethic and this charismatic personality is crucial to your success in the new worl new world of the self-fulfillment id rockers the -- bureaucracy. he captured all of this beautifully and in the book he lays out these principles of personalit

that they will crash the american economy.it is not conjecture that is what vladimir putin said recently when he invaded the ukraine and said we will give sanctions he said you don't want to do that because i can crash your stock market and hack your financial system and dumps the dollar. what i wrote about in a game plan it said that is what they intend to do than what would you do to protect yourself? to put everything in gold or silver? what to do with the money? >> as a money manager today are you when the stock market? >> i am. in the currency collapse it performs very well. i carry zimbabwe currency with me. that is from in 1998 they printed $100 bills in exchange for the $20 u.s.. this was 2008 those were $100 trillion bills not worth 1 penny but despite that fact the stock market did well into as the best performing stock market in 2008. of the currency collapse happens you don't want to avoid stocks. is deflationary happens you want bonds. so what kind of economic effect would reface and how should you respond? if you

it tells you that this affects the entire american economy. i should say yesterday, friday, you had the increase in food stamps expire because we're now doing better, you see the housing market coming back, the job market coming back. unemployment down. so why are we punishing the poor and -- >> juan -- don't you see that this is a transfer of wealth? you're taking money from hard working taxpayers, and where does it end up going? ultimately ends up in the hands of big businesses like walmart. you think that's okay? i thought this administration was against big business. >> it wasn't just walmart. so businesses are being affected by the handout. they are also in line at mothers entitlement milk as well. wayne, the sen krus bureau, 151 million americans got aid from at least one federal program in 2011. that's almost half the country. >> it's scary, eric. this is a model for a fascist economy. i don't mean politically. economically. fascism is where the big government, big labor, and big business are all combined together to control the economy

joining us for a look at the russian ukrainian and american economies are jacob, senior fellow at the peterson institute for international economics. from kiev, valari, political analyst at a political think tank. he also lectures at kiev business school and from washington, mihala acting director of the council's energy and environment program. jacob, is there much in the way of economic leverage at the u.s. holds in russia? >> cared to the e.u. in my opinion no. you like in europe, for instance, you could move to targeted freezes because a lot of russian least similar to what the former ukraine cocaine leadership had in europe, they had money inside the e.u. and that could be frozen. they don't have as far as i know much money in the u.s. so no, there isn't much. >> how is russia enmeshed in the economy of e.u. and europe more broadly? >> indeed, but the point is that the current situation isn't purely economic. when speaking just about the economy, western countries, european countries are interested in keeping close ties to russia in importing russian gas and exporting technology

joining us with the look at the russian, ukrainian, american economies, are jake, a senior fellow at the peterson institute for international he international economics. from kiev, larry pickar, an analyst at the think tank and teaching at a business school, and from washington, the acting director of the atlantic council's energy and environment program. jacob, there much in the way of economic leverage that the u.s. holds in russia? >> compared to the eu, in my opinion, no. bilateral trade is too small, unlike in europe, and unlike in europe, where you have nuclear option, for instance, you could look to tart asset freezes and things like that, because if you had the money, similar to what the former ukraine an leadership had in europe, they had money inside of the eu and that could be frozen. they don't have, as far as i know, as much money in the u.s., so no. there isn't, quite frankly, that much that the u.s. can do on the bilateral economic front. >> larry peckar, how is russia emeshed in the economy of the eu and europe more broadly? >> indeed, russia is fully integrated in th

from a decade of hunger and deprivation, the american people cheerfully loaned dollars by the billions to their government. as the war intensified, the economymed. 15 million americans went to war. 66 million more went to work. for the first time in 10 years, americans had money to spend, but little to spend it on. not only were luxuries unavailable, but such basics as housing were hard to come by. all construction was limited except by license. the production of cars and other durables was totally eliminated for the war period. in other words, there could be no private investment other than that required for the war effort. and the result was that if the government had not borrowed these sums that were being saved in the community and not invested, the result would have been not full employment, but another depression. schoumacher: government tax revenues increased dramatically throughout the war, but government expenditures increased even more. by the war's end, the federal government had borrowed almost $200 billion, a quarter of it from private individuals, most of the rest from the banking system. the deficits were huge. and the nationa

i think putin aside, trying to make russia more dependent on american economy. i think it will make putin much more dangerous and he'll have free hands. >> all along the way president putin has fallen back on legal explanations of what he was doing . how come this forcible seizure of crimean military assets instead of saying possession is ninth-tenths of the law. crimea is russian again. let's talk about how to extract your military assets from this place that is no longer part of your country. >> he's trying to show who is in charge. we have a saying in america better to be hanged for sheep than a lamb. i think frankly the explanation of this major domestic matter for putin is exactly correct. the question now is whether he will understand that russia is going to pay a big price not these short-term sanctions. those are really just a pinpricked, and they were designed to show the countries that are frightened, the baltic states in particular, that the west is not going to abandon them. in the long term we have extension existential sanctions. no one will trust

they said will crash the american economy if we get into a war. that's vladimir putin said just recently when he invaded the ukraine and several slaps sanctions on you, his response was you don't want to do that because i can crash or stop market. i can hack your financial system. the very things i read about in 2008 and covered in "game plan," "game plan" then says that that is that they intend to do, what would you as an individual american, how should you protect yourself? word you save, invest? what do you do with your money? that is the game plan. >> money-management today, are you in the stock market? >> i am. the stock market performs pretty well. i have with me that i carry zimbabwe currency. that is for a 1998 ,-com,-com ma zimbabwe was producing 100-dollar bills you could expand at thomas cook for $30 u.s. now flip it over, that is that they were producing in 2008. their currency collapse. those are 100 trillion-dollar bills not worth 1 penny. despite the fact their currency completely collapsed coming is the best performing stock market

he could have been talking about the jeans craze or the american economy.ices, but these curves never stay put. one year the demand curve for jeans shoots way up here. later, people tire of jeans or find substitutes. bango! back down here again. people's tastes change. their incomes change. the availability of other products changes. these factors shift the demand curve. on the supply side, when oil prices zoomed up in the 1970s, for example, that affected the costs of all sorts of industries that used oil as an input. their supply curves shifted up. businesses find new, cheaper technological devices for producing their products. the supply curve shifts down. there's a lesson in all this. the law of supply and demand is really more a way of analyzing the deep, underlying forces affecting the prices of commodities than of determining prices in any rigid way. all is flux in economics, a field that's sometimes frustrating, always fascinating. the price of clothes, fuel, even water are all influenced by the laws of supply and demand. "supply and demand" now sou

would bring the dollars back to american, put it back in the american economy.eplace obamacare with something that is patient centered. and then put more of the government back in the hands of the people at the state and local level in education, transportation, infrastructure, health care, all those things are better suited if those decisions are made by state and local officials, people closer to the american taxpayer. those are the sorts of things i think any reformer should be talking about going forward. >> all right. we'll leave it there. sounds pretty darn good. many thanks, wisconsin governor scott walker . all the best. last night it was rick perry. tonight scott walker. i'll ask the same question about mr. walker. did we just see and hear somebody who could be winning the presidency and be in the white house in 2016? our expert political panel will tackle that question and much more next up. whether there be a president scott walker? i dunno, i just ah woke up today and i said i need something sportier. annnd done. ok maxwell, just need to ah contact y

with so many americans struggling in the obama economy, us.ink it is incumbent upon our first duty haso help our fellow american workers. not lower their wages by adding unskilled laborers. the question becomes, will we become a country of growth and opportunity, a or a country of dependency and the welfare state? says thattant class amnesty is a great idea. but we have to stand for the middle class. when you consider the president's absolute disregard for the constitution, there is no reason to trust him to enforce the law on the books. it is time we learned the lessons of 1986. number one, secure the border first. second, build the dang fence. [applause] i know it is tempting to look ahead to a new president. lately, i know that from experience. but we have to keep our eyes on the prize. i know you agree with me. out of harryvel reid's hand on the first tuesday in november is going to feel pretty darn sweet. in fact, we all need to tell harry reid that his reign is over. [applause] we all remember how great we felt in 2010 when we rose up and pull the gavel out of nancy pelosi's hand

huge questions as to whether we are so seeing a slowdown across the american economy.ou have so many businesses you own at berkshire and coca-cola, american express, wells fargo. what is going on? >> what we are seeing, may be affected a little by weather. what we are seeing is the same recovery we have had since fall of 2009. almost five years. a few percent a year. not bad. not as much as people would like. but there is nothing wrong with that over time. and it has been quite steady. various times people half gotten more optimistic about things. thought it was going to take off. other times they talked about a double dip. right straight through, you have had a steady gain. and i think it continues. >> how concerned are you about rising tensions and the escalating conflict in, in ukraine, with russia, between russia and, and, and, europe and the united states? >> from an economics, obviously, terrible for the people involved. from an economic standpoint. you should keep the farm that you own. keep the apartment house, you own. or keep the little piece of a business th

i'm ray suarez and the american economy is slowly rebounding since the recession in 2008. but it is choppy and could remain that. a report is showing that the consumer confidence dipped slightly in february. puerto rico is not recovering as well as the rest of the country. we are looking at the multitude of the problems holding puerto rico back. still with us, kenneth, former secretary of state and professor charles, of the institute of puerto ricoian and latino studies at the university of connecticut and from washington, justin, director of the national puerto rico chamber of commerce. kenneth, the three main political parties are known for the future status of the island and if we were spending more time on the island and listening to the political debates much difference in their view of the economic future, do they have a different philosophy of running the island's government and public services so that voters might choose not only between state hood independence and higher employment policies, lower borrowing policies, the nuts and bolts of actually running a place,

why did these two events affect inflation and unemployment in the american economy?

when you reorder one-sixth of the american economy there are going to be bumps along the road. nobody should come down to this floor, even those of us who are the most vocal proponents of the law, and suggest that there aren't going to be some people who are not going to have a perfect experience. and of course there is no excuse for the way in which the web site operated for the first several months. but it's time for proponents of this law to tell the real story, and the real story is that the affordable care act is working. it's working for millions of americans who now have access to health care. it's working for taxpayers that are spending less than ever before. as you look at annual rates of growth in federal health care spending. and today and this week, me and my colleagues are focusing on the benefits for one specific group of patients, one specific set of families all across this country. those are patients and families dealing with cancer diagnoses. and so i want to start myself -- i'll be joined later on by senator stabenow and some of my other colleagues. i want to

economy. it stimulates other workers that have work and have demand. so restoring economic assistance for americans who have lost their jobs and are trying to find new ones, it's not only the right thing to do but it's also the -- the smart thing to do for our economy, and that's why i have been pressing for an extension of these benefits on a longer period of time. but we have reached a principal compromise -- and i have to underscore the word compromise -- to do it over a five-month period, some retroactive and some if we move quickly enough prospectively. but it's frustrating to realize that some in congress don't want to do this, and i think that's unfortunate, not only because of the effects it has on their individual constituents but also because it's going to adversely affect our economy. it's not going to add jobs. in fact, as c.b.o. suggests, it could indeed take away jobs. let me take a few moments, though, of addressing some of the arguments that are being raised in the house of representatives and why they can't support this. basically it comes from the notion this is just too hard to i

to scale back its bond buying program by another $10 billion because of the strength of the american economybut the bank will keep interest rates at record lows to encourage more economic growth. janet yellen delivered the news as head of the federal reserve and the dow jones responded by points.down 130 michelle fleury was there for the announcement and told me how the chair had given something of a mixed message over a rise in interest rates. >> certainly that is what you get from the market reaction, whether it came up in her press conference, that has been something of a dampening effect of economic data. how strong is the recovery and what implications would this have on future rates? that is the question on everyone's mind. janet yellen, in her first press conference, said, look, the picture is still very weak, despite the fact the unemployment rate has fallen and inflation remains very low. rates will stay low, but there were other data coming out that suggested perhaps the timeframe has actually shrunk. markets have been anticipating this tapering over six months. since last summer.

did you do something that improvements to the american economy. he does when it's sunny the country is getting back on its feet. bring to you don't need to do the units this year. had to collect your star is rising and is in pre production and tulips the events. what a killer bring in a facility that were helping americans know what the problem of important so it's hard time turning over three hundred and sixty two he was really cute until it is no small way it manages the site to be so production it's because it's no longer in their interest to stay overseas the technology today about the world market likely to compete with low cost countries like brazil and china because we use technology to block work sells high speed machine tools. so in summation and released you workforce. this is the future of the american army faction on skype actions like these were disappearing. tonight the matching fabric being squared. this actually makes six thousand two hundred and two t shirts on the elements of the quilting on the auction process for thompson one t

the american economy is facing the steepest and deepest fiscal cliff ever. we are going to have to pay for the american obesity epidemic. we do face bankruptcy dealing with this, with or without president obama's health care initiative. we still have a lot of work to do. the health trends are not slipping the right way, and how do we he change this? we can do it the american way. ~ we can pay good money for it. we can offer financial rewards directly to individuals for achieving simple fitness goals. the assumption being that if the individual can achieve these goals, they are reducing their burden on the health care system. goals like holding a plank. it's a yoga move. climbing two flights of stairs, walking 200 meters in a given length of time. these rewards would be small, possibly no more than $400 per year per person, totaling a mere $12 billion of national level. funds not awarded would be supplemental health insurance for all. funds rewarded -- awarded to adults would be available immediately and funds awarded to children would be invested in u.s. inde

now, this is a choke point for the american oil economy and therefore for the american economy. it's also a crucial environmental setting along the texas shore. the spill was caused by a collision between a ship and a barge that was carrying bunker fuel oil, which is a really heavy form of marine fuel oil. the barge partially sunk after the collision and leaked ability 170,000 gallons of this really heavy oil into the water after of galveston bay. the coast guard responded by closing the houston ship channel. that's one of the busiest shipping channels in the country. they had to close down the shipping channel in order to start clean-up operations. this caused over 100 vessels, oil tankers, cargo ship, boats of all different kinds, caused over 100 vessels who were attempting to leave or enter that whole seaport area, caused them all to come to a full stop and drop anchor. and that is a huge deal for the u.s. economically. the houston ship channel is basically like the suez canal of texas. so if it is shut down, depending on how long it goes on, that could be a really big econom

will have maximum impact on the russian economy, and not the europe, canadian, japanese, or american economythat is our aim. but we work very closely together and seek total alignment on this issue. >> next question [ inaudible ]. >> reporter: this is for president obama on ukraine. reportedly there are about 30,000 russian troops on the border with ukraine. what guarantees can you give to the people of eastern ukraine, to the people in the baltic states, all of the other countries, that they will not be next when it comes to the russian politics of annexation? and with regard to that also, is this a done deal? is there any doubt in your mind that putin will return crimea to where it belongs according to the west? or is this diplomatic show of force basically just to prevent another land grab somewhere else? >> on the second question first, on the issue of crimea. it's not a done deal in the sense that the international community by and large is not recognizing the annexation of crimea. obviously the facts on the ground are that the russian military controls crimea. there are a number of ind

it's also great for the american economy and for the working people. the partnership effort to increase the team fourteen for the u s businesses despite rejecting a bright future for these unique wanting me to see it in the english afterwards country not just according the right thing to me. but anyhow it is indeed even the dispossessed and the promise of two point seven million us dollars in each flight increasing access to content and eat them by accident patients if it takes some time to pee. although some other developments now met one of the time the abomination of a nation ball back from this set the country cannot compromise the plot of the mind games into one ball criminals. you all to the disappointment about the son's failure to prosecute its managing personnel accused of all crimes nineteen seventy one in the then east aka stop which became bound with it the one ninety five after signing the cheques no excuse for four kinds were handed over to slum of hot and sexy teacher that jonathan bodies in that spot feast on to the new font bond with e

does not become extinct as how the boy king reports did you do something often limited to the american economy. he does when it's sunny the country is getting back on its feet. bring to you don't need to do list this year. to elect the new star is rising because the pre production tools i could be next. what a killer bring in a facility that would help an american dealt with that the problem of important so it's hard time turning over three hundred and sixty billion dollars and the cats into his new small player. i may just decide to be so production it's because it's too long he intends to stay overseas. the technology today about the world market would begin to look up countries like brazil and china because we use technology to bark work sells high speed machine tool. so in summation and released you workforce. this is the future of the american army faction landscape. actions like these were disappearing. tonight the matching cover being squared. this actually makes text of the entire hundred and two t shirts all the elements of the quilting on the auction process protons in one week. or y

did you do something that improvements to the american economy. he does when it's sunny the country is getting back on its feet bring to you don't need to do the units this year. to connect your star is rising and is in pre production and tulips. i could be next. what a killer bring in a facility that would help an american and dealt with the problem of important so it's hard time turning over three hundred and sixty two he was really tempted to his new small player. i'm just psyched to be so production it's because it's too long in the contest to stay overseas the technology today a lot of that in the world market likely to compete with low cost countries like brazil and china because we use technology. what sells high speed machine tools. so in summation and released you workforce. this is the future of the american army faction on skype. actions like these were disappearing. tonight the matching fabric being squared. this actually makes six thousand two hundred and two t shirts on the elements of the quilting on the auction process for transit

when the federal reserve system announced its support of the american economy the role of foreign capital from emerging markets to place worldwide. i would not attribute the situation specifically two thousand and needy. it said. the deal between the stoic as it has major banks will be completed later this year. within ten months there is a who's who received the approval of the regulator and carry out a number of procedures the most epic is the new financial sector will be announced at the same time the seventh year the row apple has been seeing the world's most admired company. these are the results of a survey conducted by for a month off managers and other experts the second place went to amazon. who was in third place. they swapped places compared with two thousand thirteen weeks. there followed by berkshire hathaway starbucks and coca cola. the top ten also includes walt disney and general electric. idealistic sixth place last year dropped to number sixteen cents to use them if you want my kids off to slumber to support and facebook is in thirteenth place. service through a broad co

leeches to pummel the eastern united states since december the cold weather is set to cost the american economy at least fifteen billion dollars while dozens of people being killed demonstrators have expressed support for ukraine outside the russian embassy in washington d c the activists rates the concerns of the kremlin ordered russian production forces to seize ukraine's oklahoma's crimea region and on selected oxycontin today when moscow has enabled place. in unison added to this. russia should be concerned about the new oven because it shows that prejudice but it is that if he becomes more and more confident that the us. we'll let that go with it it's the aggressive plans with his assertiveness. study means no concerned russia could talk it out of that era tree up this area at that rate unemployed and sunny at times and sad. not that that's very much but the populated by ethnic transcends time and said that there is great now for the sundance that designation is undated but im just ready to go back to the net loss of common sense to me and try to take better not worse than it is december t

soros on the american economy. >> the u.s. economy is actually relatively the best functioning.is a reflection on the global economy. the u.s. economy has its own momentum. it's not following optimum policies at all. because of the internal political struggles which have not been resolved. >> you can watch the full interview with george soros at bloomberg.com/tv or go to our award-winning app. marco rubio for president? his thoughts on a 2016 run. that is next. flying, we'llut talk about the daredevil taking taking his wing suit to the skies. specifically, mount everest. ♪ >> this is "lunch money." i'm adam johnson. today's moving pictures now, video is the story. two people were killed in an explosion in an east harlem building in new york city. the blast triggered a building collapse and a five alarm i are that spread to an adjoining building. more than 150 firefighters worked to contain the blaze. violence erupted in turkey after a teenage boy was injured by police last year. he died yesterday. the 15-year-old was hit in the head by tear gas cans last summer when police crack

a disappointing report on manufacturing suggest the american economy is heading.udge has signed off on the company settlement over claims that bernie made off -- the skincare company is over half $1 million from china. more on bloomberg after the break. chang.emily the turkish government has blocked twitter access across the country and the prime minister defended his actions over the weekend. he also threatened to block facebook and youtube as his administration fights corruption charges. twitter remains committed to defending the privacy of our users in turkey. we won't portray their trust. the ceo of the intelligence firm or an asus. andrew, i will start with you, described the situation on the ground for us. areow some people successfully circumventing the difficulties that the government has put in place. what is the latest? >> twitter was blocked in the evening here. they moved to a different type of blocking over the weekend which is more difficult for people to get around. lots of people are still tweeting from turkey. is really a polarizing one just like

soros on the american economy. >> the u.s. economy is actually relatively the best functioning.is a reflection on the global economy. economy has its own momentum. it's not following optimum policies at all. internalf the political struggles which have not been resolved. fullu can watch the interview with george soros at bloomberg.com/tv or go to our award-winning app. marco rubio for president? 6 run.oughts on a 201 we'll talk about the daredevil taking his wing sue to the skies . specifically, mount everest. ♪ >> its 26 minutes after the hour. bloomberg tv is on the markets. i'm olivia sterns. are fluctuating between gains and losses. the s&p and dow are in the red but the nasdaq is trading higher. all the benchmarks of concession lows. shares of fannie mae and freddie mac both plunging after leaders of the senate banking committee announced bipartisan plans to dismantle the companies. the measure would replace them with government bond insurers. the safety net would kick in once primal capital lost at least 10%. the senator said they would introduce the bill in the coming day

the american economy is an innovation economy. whenever we require our american companies to innovate, whether in the interest of public health, the environment, or the economy, they thrive, they step up to the plate. climate change is a challenge where america can once again be the global leader. we have to believe in our ability to innovate our way out of this problem. when the united states economy and our businesses are presented with opportunities to innovate, they thrive. during the debate on the clean air act, we heard those standards would destroy the economy. but since 1970, every dollar invested in compliance with the clean air act standards has actually produced $4 to $8 in economic benefits. it's not just that the american economy and business can innovate and thrive in this context, it's also that we are the indispensable nation. america is still a nation that other countries look to, to see whether real leadership will be displayed. and for that reason, we need to act. on this issue that affects every single american

with so many americans struggling in the obama economy, i think it is incumbent upon us. has to be to help our fellow american workers. not lower their wages by adding unskilled laborers. the question becomes, will we become a country of growth and opportunity, or a country of dependency and the welfare state? the consultant class says that amnesty is a great idea. but we have to stand for the middle class. when you consider the president's absolute disregard for the constitution, there is no reason to trust him to enforce the law on the books. it is time we learned the lessons of 1986. number one, secure the border first. second, build the dang fence. [applause] i know it is tempting to look ahead to a new president. i know that from experience. but we have to keep our eyes on the prize. i know you agree with me. taking the gavel out of harry reid's hand on the first tuesday in november is going to feel pretty darn sweet. in fact, we all need to tell harry reid that his reign is over. [applause] we all remember how great we felt in 2010 when we rose up and pulled the gav

i will confine their remarks to the economy which is the biggest issue in front of americans. if we could fix the economy it will make a lot of difference. so the founders looked at economic freedom not as voluntary exchange or a free market, although they were in favor of volunteer exchange and the free-market. but economic freedom to them was conceived in terms of opportunity. the opportunity, hegemonic of rigidity to be able to provide a dignified living in get ahead through means under your own control. that is what freedom was, having that kind of opportunity. today in the united states as a mentioned earlier that kind of opportunity is absent for probably 80 percent of americans for a third, as i mentioned, of workers because they are paid beneath a living wage war are jobless and a looking for work. but for the rest because they are a part of being free, getting to return from your work seventy-five to 80 percent of american workers pay falls way behind their improvement in productivity. as i mentioned the results of this, it violates the founders principles about what k

its aim, to make american students better prepared to compete in the global economy. roughly 45 states signed up to take part in it. accusations of a federal takeover bias curriculum, overtested, and stressed out kids are leading to demands to scrap. angry parents are protesting against it. >> you have awakened the wrath of thousands of mommies. >> i sedate my kids with strong drugs so he doesn't hurt himself over a quiz. >> some predict the resistance could make it a surprised election issue this year. in any of the congressional districts where you have open seats or where you have competitive primaries, you can see a grassroots candidate who is oppose to the common core. >> julian's 10 year-old son study it is. >> the state stornds are not on evident-based. there is no research to prove the standards really work. >> but officials, like new york state educational commissioner defend it. >> we share the -- ready for success at the next level. >> despite the support, andrew cuomo up for re-election and a strong common core advocate has strong -- >>let end the anxiety