with american express' case, i'm going to call malarkey. they were forced to become a bank holding company and the various credit they put out they have to show that on their books. they were in deep, deep trouble. so they started pulling everyone's credit lines. they don't want to let you know it is because we are in trouble fiscally, but they pulled that in to make their books look a lot better. >> real quick, chris, lay it out there for us. how devastating it can be to have your credit limit slashed like that and what it can do to your credit score and things that follow suit. >> it stings. we are at the mercy of these companies. if you read the fine print you can see they do the various different things. the big brother aspect is on the scary side. >> it is. let's get a call in. jesse in virginia. it is frightening, isn't it? >> caller: i just think this is 1984 on steroids. this thing is so frightening having people literally watch what you are buying. the fact that i'm shopping at walmart because i'm cutting back, i mean, i'm being re

and according to american express a credit risk. coming home from his honeymoon last year he was shocked to find amex had cut his credit limit from over $10,000 to just $3,800. >> i've done a very good job of being responsible and making sure i pay my bills on time. >> reporter: each more surprising one of the four reasons amex gave for the decision. other customers who have used their cards at establishments where you recently shopped have a poor remain history with american express. >> i was shocked when i read it because i didn't know that the companies could actually assess your creditworthiness based on others around you. >> credit card issuers are trying to weed out the risky ones. how? by weeding tout ones that are a risk. >> you shop from a upper store and then you purchase something at a dollar store. a down shifting. >> those flags can look at your deeper behavior. >> if you have made three or four purrs in a row at a local bar that would raise some flags that maybe there's some impending financial crisis. >> reporter: for

. >> and according to american express, a credit risk. coming home from his honeymoon last year, he was shocked to find amex cut his credit limit from over $10,000 to just $3800. >> i have done a very good job of being responsible and making sure that i pay my bills on time. >> more surprising, one of the four reasons amex gave for the decision. other customers that used their cards although establishments where he recently shopped have a poor repayment history with american express. >> shocked when i read it. because i didn't know. that companies could actually assess your credit worthiness based on others around you. >> with more than 10 percent of credit card customers defaulting on their debt, credit card issuers are trying to weed out the risky ones. how? by looking for changes in the way we shop. >> you are shopping from a middle or uppertary retail store and suddenly it shows a purchase at a dollar store. some form of down shifting. suddenly shopping at wal-mart. >> those red flags can lead to a deeper look at your behavior. >> if

they were followed quickly by the financial stocks like american express. now breaking even, about even number of advancing to declining stocks. nasdaq had a great quarter. >> we're hanging on here up .2% both the dow and s&p really on that flat line. talk about some names here. dell still hanging on .6%. research in motion well off highs but still strong. cisco in the overall dow perspective has been a leader of the dow 30. still up 1.8%. for the second day in a row somebody elevated their estimates on yahoo!. up 1.8%. it's been surprising based on the way the trajectory of the day's gone how many 52-week highs we've reached. starting with med ap, they have pulled back. joy global. all dp scripts its 52-week high is 20.32. citrix has pulled back a little less than a quarter. chips are the leadership today. just about every name in positive territory. back to you. >>> the market bouncing back but it is hard to ignore some of the worrisome data. we had plenty of it today. showing the economy is still very weak. account market rally last? is the economy reall

weighing down the dow and leading losses in the financial sector, american express. those shares closed 2% lower. amr, that soared 19% higher after the airline said its bottom line will reach new heights thanks to restructuring its roots and raising nearly $3 billion. >>> palms earnings beat wall street estimates but it did close 2% lower after predictions for next year failed to excite investors. >>> securities and exchange regulators proposed banning flash orders which give traders a split second edge in buying or selling stocks. and new rules on conflicts of interest and credit rating company transparency. >>> coca-cola and ibm retained their spots as the world's two most valuable brands. however, for the first time ever, the combined value of the top 100 brands has fallen thanks to consumers losing trust during the recession. >>> finally, a man hurled thousands of golf balls in a national park all to honor golfers that had passed away. and he has been charged, among other things, abandoning property and littering. park rangers spent 370 hours cleaning up all ball

so i signed up for the american express because of the promotional miles.he previous one that i had, u.s. bank, sent replacement visa cards for its new program since their program ended when northwest merged with delta. so now i have three credit cards where i'm getting either miles or points. and all of the parties offer their credit cards for free for the first year. and, you know, they offered sign-up miles and points for signing up. but i don't need to have so many cards. so when it gets to the point where i have to start paying the annual fees, i'm just wondering if there's going to be a down side to my credit score if i cancel one or two of the cards. >> right. that's a big question. sharon, what can people like hallie do? what should they do? >> the reward cards seem like a great thing, but one thing to keep in mind is how the program works. you may think you're racking up all these miles to get that free plane ticket. it may not happen if something happens to that particular company. the thing to remember about canceling your cards, yes, it can impa

. >> nbc universal and american express joined together to shine a light on american small businesses. is there a small business near you that you treasure? if so, go to nbc.com/shinealight. the entries will be narrowed down to three finalists by myself, ellen degeneres and diane von furstenberg. you and the public will choose a winner. we are looking for businesses that touch you in a way the one we are wabt to show you touched our viewer. this is a way to make sure no child goes without shoes. blake mycoskie has a product and he's marketing it by telling a story. >> it's the way the guy -- >> and having other people tell it. >> i want someone to ask me about my shoes so i can say have you heard about tom's before? this is the story. >> everyone who wears are sures are marketers of our shoes. >> spend a little time with blake and you feel compelled to buy his shoes. he founded tom's two years ago after meeting a group of children in argentina that couldn't afford shoes. >> i thought, what if we sold them in the united states and for every pair of shoes we sold, we give one back to th

the favorite cards according to jd power, american express is number one followed by discover and national city banks. least favorite is captain tal one and wamu. cuts in credit limits and difficult customer service are two reasons why. if you don't like the card changes it's never too late to search for a better card. and from that doesn't that stink file, all the recent complaints about chase card. the chase card is not the worst card on the list and offers good benefits but the merger with wamu has come with growing pains which leaves me saying doesn't that stink. many customers have been hit with higher minimum payments and higher interest rates, even those with good credit. your options are few, except the new rates and pay off the card. when you haven't missed a payment or fallen behind on any bills, that stinks. if your rate is headed for the stratosphere, shop around for a better card. >>> a cell phone tower made to look like a tree. verizon wireless thinks it's a good compromise for rural landscapes but not everyone is happy with it. they hope to build the 80 foot tower but the co

that's why american express open is proud to present "your business" on msnbc. >>> hi there everyone. i'm j.j. hamburg. welcome to "your business" where we give you tips and advice on how to make your business grow. as the health care debates continues in washington, we take a closer look at what health care reform could mean to small business. representative sam graves is the ranking member of the house small business committee and he joins us today. hi there, congressman. thanks for joining us. >> thank you, j.j. >> you met with a group of small business owners earlier this week. what were they saying and looking for out of reform? >> they were very frustrateded. they want their health care costing to be affordable. they're very concerned about the taxes and mandates that are throughout in the bill that's being proposed, and they're worried about going out of business as a result of these things that are going to be required. >> from your perspective, what does reform look like that helps small businesses? >> it's completely different than what's being proposed. what i would like to

happily, there's the american express charge card. if something you recently bought with the card breaks, it can be repaired, replaced or your account can be credited. you'll even get membership rewards points with each purchase. and peace of mind when you travel. can your card say that? dick: after that behind-the-back effort, even roger has to swallow a smile. the stakes are mighty high. you don't see players smile often in these moments, championship events, but roger is so relaxed he had a good time yesterday against djokovic and not afraid he's enjoying himself again today. john: the crowd is really pulling for del potro now to make this competitive. it looked like he had stopped playing that point when that ball was close to the baseline, then when it hit the net he decided to play on and got the winner. looked like he was going to challenge the call. challenge the call. >> fault. john: he had it measured. his footwork has not been as good as it should be and as it normally is. he's 6'6". he really needs to be in position far ba

whole foods, american express, goldman sachs. a handful of companies that have great customer service. it really mattered in the recession. i think it matters greatly. i have rethought my view on this. and if a company has great customer service. i kaunt it as a way to value the company more highly. eric in michigan. >> caller: hello, mr. cramer. love your show. i have a question about capital gains tax and investing. i think most people know marginal tax is 35% and capital gains is 15. even when you make a trade on a short-term stock, say you make $10 in a trade. if you keep that stock for a whole year and make $8, after uncle sam takes his cut, you'll still make more money on a long-term trade like that. and my question is. why don't you just make a portfolio with everything long term to take advantage of the difference in the tax rates? >> eric, i spent a lot of time on this issue. it's one of my issues. one of the things is you must never let the tax man control your situation. why? because so often i find people hold on to s

barclays we saw strength in american expression, boeing and bank of america, among the dow's big winners. tomorrow we have some key earnings news. walgreens reports before the bell. nike afterwards. and we'll get consumer confidence numbers along with the kay schiler home index. 964 million shares changing hands because of the jewish holiday. nevertheless, broad-based rally with the dow jones industrial average up 124 points. now back to my colleague, maria bartiromo. >> thank you very much. mary thompson. the nasdaq seeing a pretty good move on the upside. brian shactman manning the place at nasdaq. >> thank you very much. we finished up 1.9% up almost 40 points. slightly off the highs. take a look at the interday. we were up pretty strongly in the first hour of trade. it held up throughout the day. we had a tiny dip toward the end. a little bit of buying right at the end. almost got to 2% straight up. the top stories, apple up more than 2%. they're going to have the iphone m china and uk and 2 billion apps downloaded. the chips also very strong today. i want to point out the semiconduc

create more loans either and credit card losses, which look like they're peaking at capital one, american express, discover, and jpmorgan, would indeed have still one more leg down. thankfully, the fed isn't oblivious. >> they know nothing! >> they know something. so it keeps rates low and says it will continue to do so. partially to help the housing market with cheap mortgages and partially to help banks reliquefy the system. that worked in 1991 at end of the s & l crisis. that time frame, by the way, produced the best banking stock environment in history. so loan losses might be bad, but earnings will be good. i mean, here we go again. ipo market. then aone comes along reminds us how much we can make. takeovers non-existent pen in the last few weeks kraft-cadbury, abbott solvay, xerox-affiliated. the m&a market may have a pulse. if a company sells in asia, like most of the techs, hewlett-packard, intel, all the semis, then it's all aboard. >> all aboard! >> but if it's totally domestic, forget about it. same with the industrials. china exposure? fantastic. domestic exposure, awful. strength in

clearly, it will affect american express, capital one, all the rest. >> how many of the nonperforming loans are a parent? you've got to think a lot. i don't know why being a parent makes one better? i'll bet the number is very large. >> their children, probably 100%. >> and if 21 is the snumber, seymour can't get a card. >> he's not even on the desk and you take him down. he's in russia. >>> we address the outrageous credit card proposals out there. time to put fresh capital to work even with those names hitting 52-week highs. i think that is a no? >> i don't know. >> big sigh. >> just a huge unknown. i think we have to, i don't know, maybe see where the bodies lie for a little bit. >> i think one thing is they are hiring. they believe in their business right now. they continue to see the secondaries. the ipo market, m&a market. the name that looks the most interesting is lazard based on a p.e. level around 20. the rest are more inflated. >> and stuart frankle. >> are you hiring? >> capital markets etf gets all the names. >> jeffries is there, greenhill. great way to play it. >> death

attitude to prevent even the president of the united states who happens to be african-american from clearly expressing himself. that's a big problem i think. >> we'll have to quit here but i have to disagree with you on the end. if this president is having trouble expressing himself i haven't noticed it. thanks very much. >> my pleasure. >> hilary shelton. still ahead, homeland security spending is under fire. why secretary napolitano is backtracking on what had been her efforts to stimulate spending along parts of the borders that are barely crossed. we'll introduce you to the fellow that played a role in fellow that played a role in that decision. proclaims "gq" m. >>> the dew point homeland security back peddling on a massive spending program. until very recently a multimillion-dollar upgrade in the works for two remote border towns in montana. so remote, in fact, that the locals question the plan about upgrading those crossings. tonight secretary nop tawno is calling for a full review of her department's spending decision. we want to introduce you to the man who has contributed to all of the troub

the american express open charge card. to see what an open charge card can do for your business, visit open.com/yourbiz or call 888-550-open. >>> right now on msnbc's sunday, a critical week ahead. the president faces his toughest test on health care as two other controversies swirl. one of an appointees reseen. those details ahead. >>> swine flu? a new poll suggests americans are more concerned than ever about the growing number of people catching it. >>> the jobs outlook. how long will it take to get millions back to view? >>> a day without cats? they're all over the internet. why would someone want to put a halt to this zany material even for one day? it makes us laugh, right? good morning, everyone. i'm alex witt. first up, a critical week for the white house. taking off tomorrow with the labor day speech as a cl-cio in ohio, among the topics the president's expected to tackle, health care. on tuesday, we'll see if the president's speech to school children leads to further criticism that he's trying to spread some sort

really touched their heart, they can enter and win $100,000 in marketing support and in cash from american expressseeing your show on -- sunday morning. >> 7:30 eastern. >> very good. thank you. >>> there it was. you can watch "your business" every sunday morning at 7:30 a.m. on msnbc. sometimes it helps to look at the prompter. >>> california's supreme court refuses to get involved in a dispute over tip sharing at starbucks. the court was asked to review a ruling to overturn an $86 million judgment against the coffee teller. the class action suit complains they were forced to split the tips with their supervisors. >>> severe thunderstorms could keep is schayes shuttle "discovery" in orbit longer than planned. they are threatening to delay the return tonight in florida. hey, jay, i know normally there is a finite window of when you can get them back, where you can get them back. what are the scenarios? >> reporter: well, tonight they have two opportunities, contessa. first one is at 7:05 and second one is at 8:42. it is not looking very good. they expect thunderstorms within the 30-mile area. nekt

. >> this bill addresses the key grievances that so many americans have expressed. >> maryland congressman john sarbanes was the few injured speaker. he answered only handwritten questions from the audience and previewed president obama's address next week to a joint session of congress. >> he's going to put the power of his bully pulpit and the presidency behind it and join with those in congress and frankly those all across the country, regular citizens that want to see it happen. >> reporter: up like -- unlike last month's town hall at towson university, there were no demonstrators and no one shouting in the audience. some here say the more spirited forums did serve a purpose eye think the debate has made me more excited and made me realized how important it is to be going into this profession. >> reporter: many of the people here for this forum are medical and pharmacy students. their future careers will be directly affected by the action or inaction of congress eye think reform is necessary. i don't think i totally understand the finer details, but i get the big picture. >> the govern

it came public again or shearson -- >> in 1990, american express decided to dismantle what we had put together over the '80s. >> put together over the '80s, started again with commercial credit. >> sandy left to go to american express in '81, and we kept acquiring and kept growing, and lehman came in '84 which ran the investment banking and capital markets for us. but interestingly, when we bought lehman brothers the balance sheet was about $17 billion in 1984. when i left in 1990, the balance sheet was about $90 billion. and the balance sheet a year ago was probably $650 billion.. not including the off balance sheets, the derivatives, which were in the trillions of dollars. >> it was in the '90s -- okay, so it came back out, right, and then fold came in, he'd been a 30-year veteran of the firm. >> dick was there the whole time i was there.e. >> and he took it into new areas and the stock went from single digits to 200 or something? >> yeah, the stock did phenomenonly well. >> it was the success story. it's what gave him a bounce in his step and swagger everywhere because he was the m

. >> and you had a special card at the that the times cooked up, the american express card. >> at any given moment i had about five different fake credit cards and i changed them up every year. and over time i was smart enough to make them gender neutral names so i could pass them under the table to a woman as well as a man. but there is a whole almost kind of covert operation angle to being a restaurant -- >> how often do you think were you successful. most of the time or 50% of the time or -- >> it's probably something like 50/50. it depends entirely on the calibre of the restaurant. if it is a serious restaurant that believes its fortunes will be affected -- affected by a review in its first couple ponts when it is on its most heightened vigilance for critics, it is really hard to get in the door more than a couple times without being spotted. >> you went to great lengths not to be photographed. >> absolutely. i learned for five and a half years even at family gatherings i would instinctively step outside the frame of the photo it was like it became like a reflex, you know. >> and

american express says we don't just look at where you shop, but overall spending patterns.ome ways, you can understand, but still, can feel a little creepy. >> what if you're just trying to economize. you could still get penalized. thank you so much. >>> some exoffenders have set up camp in the woods outside atlanta. authorities say the tents are a last resort for sex offenders who can't find a place to live that complies to georgia law. it bans them from living within 1,000 feet of where kids might be. a field agent checks in on them at least twice a week. >>> robert gates is pushing back at critics who want u.s. troops out of afghanistan. gates is even saying a deadline for the pullout would be a disaster and would give the al-qaeda and taliban a boost. >> failure in afghanistan would be a huge setback for the united states. taliban and al-qaeda, as far as they're concerned, defeated one super power. to defeat a second would have catastrophic consequences. >> democrats in congress oppose sending more soldiers. the u.s. commander in afghanistan is asking for more troops. >

many americans have expressed anger and concern at town hall meetings. as a result, many in his party are cool to reform legislation. >> the president is concerned with criticism coming from democrats, some who see the lack of subsidies including a middle- class tax increase. >> on friday, health care reform became a family affair. the first lady publicly stepped into the debate for the first time. >> for two years on the campaign trail, this was what i heard from women -- that they were being crushed, crushed, by the current structure of our healthcare. crushed. >> vice president joe biden is taking a more active approach to the reform debate. he has two speeches scheduled and is expected to do more outreach to his former senate colleagues. >>> public outrage over executive pay at banks could be prompting new regulations. the federal reserve is looking to implement new rules on bank pay aimed at curbing excess of risk-taking. the guidelines could be proposed in the next few weeks for the plan would give the central bank power to reject any aid package c

her relief in american express is our next industry chair. there are some chairs that come from interagency, everything from fema, nga, state department, et cetera. so we have a very dynamics faculty that way. but our title ten is going to be an accreditation and all of the other points that bob pointed out. thank you. >> congressman, thank you very much. it's been a topic of debate and is very timely. let me by again byelling you what it's not. it's not high salaries. it's competitive salaries that are important. but i have not had a professor that the salary had been the deciding point when it's in the competitive range with our salaries in the area. at it is is first the ability and the opportunity to teach and get in the classroom. the professors want to be in the there with the students on a routine basis. to assistant that we try to remove as much of the administrative orhead from the faculty as possible and move away from documenting each course to death and allowing more freedom of how they develop and run their classes and aid croman

express. an american accused of planning to blow up a federal building now under arrest.t as security agents break a completely separate plot to use weapons of mass destruction in the u.s. >>> and moments ago, president obama called on iran to prove its nuclear program is for energy only. what leaders in iran are now admitting about a secret nuclear plant. >>> kids across the country may be drinking water full of arsenic and lead. a new report that may have you packing bottled water as your kid heads off to school. >>> first, today's top story. two u.s. cities targeted in two alleged terror plots. federal agents say the suspects in both were ready to pull the trigger. arrests were in illinois and texas. counterterrorism authorities say the plots were unrelated and neither is connected with a third alleged plot based in colorado, the one we have been talking about all week. now, first, let's go to this one in springfield, illinois. michael finton known as tall lead islam is charged with trying to detonate a truck bomb outside a federal building in the u.s. he tried to blow

throughout the summer americans have expressed anger and frustration over health care reform and many have asked tough questions. >> if this is bill is so good would you commit to this town hall and to the national audience to making every member of congress subject to the provisions of this bill in its entirety? [ applause ] >> reporter: the president will offer answers in tonight's address to congress. people will come away understanding where he is on these big issues and these big questions. >> reporter: on tuesday, he met with congressional leaders at the white house to talk strategy. >> we have plenty to work from. >> reporter: however, some real obstacles remain. one sticking.is a public option. republicans are dead set against government-provided health insurance. >> it is government intervention in to the free marketplace. >> reporter: the president's own party is split. conservative democrats say they will side with republicans against the public option, while liberal democrats say no public option means no bill. >> he needs to draw a firm line in the sand and say i need it,

i think it's, you know, for the american people to express themselves is appropriate. i think the question is how we conduct ourselves as elected officials within the legislative process. frankly, if there was more civility, we perhaps could get more done for the american people. that would set an example for everybody else. that's what i like about this group of six. i wish the american people had a chance to see, have a window into our daily deliberations. it's what the legislative should be all about in bringing republicans and democrats together to discuss real ideas irrespective of our differences. we could, i think, so much better off in addressing the major issues of our time. we have to demonstrate to the american people we have the capacity to address the major issues of our time. >> schieffer: senator snow, it's always a pleasure to have you with us. thank you for coming by. >> thank you, bob. >> schieffer: we'll be back in just a minute with a round table. i'm ed whitacre, the new chairman of general motors. before i started this job, i admit, i had some doub

throughout the summer americans have expressed their anger and frustration over health care reform and many have asked tough questions. >> if this bill is so good, then would you commit right now and to this town hall, and even to the national audience to making every member of congress subject to the provisions in this bill for its entirety? [cheering and applause] >> the president will offer answers in tonight's address to congress. people will come away understanding where he is on these big wishes and these big questions. >> reporter: on tuesday, president obama met with congressional leaders at the white house to talk strategy. >> we have plenty to work from. >> reporter: however, some very real obstacles still remain. one sticking point is a public option. republicans are dead set against government provided health insurance. >> it is government intervention in to the free marketplace. >> reporter: the president's own party is split. conservative democrats say they will side with republicans against a public option, while liberal democrats say no public option means no bill. >> h

. >> reporter: throughout the summer, americans have expressed their anger and frustration over health care reform. and many have asked tough questions. >> if this bill is so good, would you commit right now and to this town hall and even to a national audience to making every member of congress subject to the provision of this bill in its entirety? [cheering and applause] >> reporter: the president will offer answers in tonight's address to congress. >> people will come away understanding where he is on these big issues and these big questions. >> reporter: on tuesday, president obama met with congressional leaders at the white house to talk strategy. >> we have plenty to work from. >> reporter: however, some real obstacles still remain. one sticking point is a public option. republicans are dead set against government-provided health insurance. >> it is government intervention in to the free marketplace. >> reporter: and the president's own party is split, conservative democrats say they will side with the republicans against the public option and liberal democrats say no public opti

american express says they look at overall spending patterns over time. >>> and good news in a bad economy to much more reasonable levels. $2.50 is a new average. probably 11 cents cheaper than last month. fewer people are on the roads. they're not doing as much shopping. bob? >> it's going to be windy. robin's flying to ohio sometime today. let me show you what's going on. you can see most of the rain is clearing out from cleveland. the winds will be picking up here to about 50 miles per hour at times. here's what we have the rest of the day. new york city metros, the wind comes in today. watch for an hour or more delays there. chicago, winds today, 50 miles per hour. d.c., detroit, all the way down the list. san francisco, morning fog. >>> the new michael jackson documentary doesn't come out for another month, so why are people already camping out for tickets? ♪ [ birds squawking ] [ moos ] [ man announcing ] if you think about it, this is what makes theladders different from other job search sites. we only want the big jobs. welcome to theladders. a premium job site for only $100k+ jobs

i'm richard lui on "american express." this is what happened in samoa. we've been telling you about the deadly tsunami. we are getting more and more pictures. we are getting an i-report from somebody who is also contributing to hln. the i-reporters have shown us this. >> now it's over here. you can see a lot of debris on the roads, glass. have a look over here. everything is completely wiped out. check out this house. >> more than 100 people were killed in the tsunami. if you are an i-reporter, we appreciate your contributions, but of course, be safe when you can be. we had two major earthquakes in the pacific in the past 24 hours. bob has been watching what's happening here. as we look at this, we heard the time "ring of fire" we heard the term of them being connected somehow. how do you put this together, if at all? >> i think one is probably an aftershock. even though it's a distance away, when you get a major earthquake like that on a faultline, you are going to see another one pop-up shortly. we talk about fault lines, the entire earth has a bunch o

why people can take tse risks i had my harvard degree that was like my american express gold card. does that make sense? but it did politicize me than i did become politically ary the parents of my kids were very loyal a lot of white teachers say to me if i stick almanac co and you think the blackarents will support me? i said of cours the wil support you if they tnk you are on their side. if they thi you are fighting for their child, like all other parents. so the shut down the school the next day. th they shut down the whole school system and organized it mushroomed and the black leaders from the city and said good lord, if the greatest black american poet is foidden in the fourth grade, along with e fact that weave a totally segregated system that is viciously on the call, we go to fight. they organized a massive protest on beacon hill if you don't know, that isike capitol hill. its the center of government. i hado come out and march with them. i was very nervous a frightened because i was shai brett vre was a very shy person i used to tremble in public and i still do somemes. t

my harvard degree was sort of like my american express gold card. does that make sense to you? but it did politicize me. then i did become politically angry. and the parents of my kids were very loyal. a lot of white teachers say to me, if i stick out my neck, do you think black parents will support me? and i said, of course, they'll support you if they think you're on their side. they're not stupid. if they think you're fighting for your child, they're like all other parents. so they shut down the school the next day. and then the shut down the whole school system. they organized -- it sort of -- what's that word, mushomed? >> host: uh-huh. >> guest: and the black leaders in the city seized on this. they said, good lord, if the greatest black american poet is forbidden in the fourth grade, along with the fact that we have a totally segregated system, a viciously unequal system, we the to fight so they organized a massive protest on beacon hill, which is for those who don't know boston is sort of like capitol hill, you know? it's the center of government. and i had to come out

to go, 8 out of the 10 of the larst financial institutions including goldman, morgan stanley, american expresss well as 16 smaller banks have repaid the government in full and i might add at a $4 billion profit for the taxpayer. second, along with the fed we took action to stabilizing the housing market allowing responsible homeowners to stay in their homes. we just learned new housing rose in 10%. are we there yet? no. but we're moving. 200 days ago, president obama signed into law the third piece of our economic plan. the american recovery and reinvestment act. and today, there's a growing consensus. the recovery act is, in fact, working. don't just taje my word for it, analysts from moody's and others all estimate the recovery act has created oraved between 500,000, 7050,000 jobs and some economists note up to a million. a economists at goldman sachs the package added 2.2 percentage points to real g.d.p. growth in the second quarter of 2009. and estimate that it will add 3.3 percentage pnts to the current quarter. mark zandi a highly respected economist wrote, the financial stimulus providi

country so if you go on vacation and you have a little card about the size of a visa card or american express card that's got your identification in there, very secure and you're at the south pole, for goodness sakes and you hit your head on the ice and you are in a coma, somebody can reach in your back pocket, swipe that card and know what your medical history is, what medications you're on and if you are taking plavix and not give you cumaden and kill you. mr. speaker, if we put the bickering aside and listen and the majority party allows the minority party in the room, we can do this. we can do this. and i think the american people would be proud of it. there's one other thing that i have been proposing and my colleagues on this side of the aisle, this idea of why is it that people can only buy health insurance in their own state. their own state may have passed all kinds of mandates on health insurance that require a test for this, a test for that, coverage for this, coverage for that. all of these things that sound nice when you propose them, but they are part of a basic policy. so every

>>> now to an overwhelming response to shine a light, an online contest by nbc universal and american expressry's most inspirational small business stories. >> the field is now dn to three finalists. here with more, hosts of msnbc's "your business." how tough is it narrowing this down? >> it was incredibly hard. i could probably list five businesses that i care about. we had to take it from thousands and get it down one. this company is so neat. this company is bringing phone service and internet service to thousands of people who never had access they have mothers who teach them the importance of child and nutrition. they're also involved with school giving treats. >> it was a great story for great businesses. two from new york, one from mexico. get to the website. todayshow.com and vote. >>ou he until october 16th to vote. >> thanks, folks. >>> beautiful morning here in the nation's capital. clear skies, 58 falllike degrees. the time, 7:56. welcome, everyone. i'm barbara harrison. in the news, the search continues for three men suspected in a deadly home invasion. it happened early yesterda

professor warren hit it on the head, until the american people express themselves directly from the leftess to accept narrow donations for the complete theft of the wealth and the future of the nation i can't see how anything changes. >>> next up, trends are talkers. everybody has anxiety these days. take a look at this. >> are you serious? i did not say that! >> serena, her behavior at the u.s. open. lots of f bombs flying around. we already watched joe wilson shooting his mouth off in congress. kanye cannot keep his trap shut. man, alive! you thought -- toure thought i interrupted. we are back with some of the antics of the so-called public leaders and public figures after this. ♪ who knew the store would go and check my credit score ♪ ♪ now all they let me have is this dinosaur ♪ ♪ hello hello hello can anybody hear me? ♪ ♪ i know i know i know i shoulda gone to ♪ ♪ free credit report dot com! ♪ that's where i shoulda gone! coulda got my knowledge on! ♪ ♪ vo: free credit score and report with enrollment in triple advantage. ♪ ♪ i got troubles, oh ♪ but not today ♪ 'cause they're gonna

these are real americans. expressing what they're allowed to do under the constitution in the best way they can, directly speaking with their members of congress. we better listen. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from colorado rise? mr. coffman: to address the house for one minute. the speaker pro tempore: without objection, so ordered. mr. coffman: the democrats have gone on a spree with americans' money. then came a $400 billion omnibus spending bill followed by a $3.5 trillion budget for the next fiscal year. budget officials predict that this year's deficit will reach an historic level of nearly $2 trillion. money borrowed from our children and our grandchildren. after six months of fiscal irresponsibility, they are now pushing for a government takeover of health care that will grow our national debt and do little to extend quality care to the american people. despite raising more than $800 billion to pay for this plan, we will also go into debt by $239 b

vietnam veterans memorial and the mall to teach a really important lesson to americans and especially america's youth. >> federal express is helping. it's going to open more than 1,600 of its stores for people to come in and scan the photos of their friends and family who served. pictures will be collected on a website until the center is built. more than 58,000 men and women's names are listed on the vietnam memorial wall. >>> an army sergeant who ran into the line of enemy fire who save one of his men was recognized today with the nation's highest military honor. sergeant first class jared monte posthumously received the purpl medal of heart awhat are. his group was ambushed by the taliban in 2006. sergeant monte left cover and ran into the line of enemy fire to retrieve a wounded private. on his third attempt, monte was killed. he was 30. president obama said today slgt monte's act of bravery was something no amount of training can instill. this is the fir medal of honor presented by president obama. >>> he said he was trying to defend his home using a samurai sword against an intruder. >>> also still to come, crime

and in 2008 following brock obama is historic election ali walker wrote him to express a soaring pride a an african american and as a southerner. >> to president-elect morocco, november 5th 2008. dear, brother president. you have no idea of how profound this moment is for us, as being a black people of the southern united states. you think you know because yo are thoughul and you have to ignore historybut seeing you deliver the torch so many of us. year after yr decade after decade century after century only to be brought down befor igniting the flange of justice and law is almost more than a harkin there. and yet thiobservation is not intended to burden you, for you are of a different time and in the because of all the b lemon and before you put american is it different place. it is really only to say well done. been through all the generations that you were with him of the best of africa and of the americans. is that you would actually appear sunday, that was part of our strength. seeing you take your rightful place based solely on your wisdom, it's imminent, and character is a balm for the weary worr

which is one reason that i have been surprised to see this book described as an expression of support for american foreign policy, because i think having read the book and perhaps the people who leap to that conclusion have not, having read the book i do not think there is much of that in there. there is another way that iraq really affected the with this book was written, which is that i tend not to be a partisan political writer, i do not think. it would not be my inclination to give europeans lectures on what they now have to do. i am describing a situation, i am not writing a policy brief to europeans. i think the fact that most of my conversations that i had with muslim immigrants and european politicians and with academic experts on this sort of thing, since most of those conversations were in the context of the iraq war, during which europeans were exceedingly reluctant to take any advice from americans, and might have further dampened -- it might have further dampened my desire to sound like mr. bossy pants. >> what did 9/11 haimpact have n the relationship between europe and america? >> i

makes it -- which is one reason i have been surprised to see this book described as an expression of support for americanforeign policy because i think having read the book, and perhaps the people that lead to the executithat conclusion, t see that in there. i think it affected the way this book was written to ri. i tend not to the eight paulsa , political writer. i am describing a situation. i am not writing a policy brief to europeans. i think the fact that most of my conversations that i had with muslim immigrants and european politicians and academic experts on this sort of thing, since most of those conversations were in the context of the iraq war, during which europeans were reluctant to take any advice from americans, it might have further dampened my desire to sound like mr. bossy pants. what you get in this book is a description of the situation as it is on the ground. not any sort of a manifesto of what europeans ought to do about it. >> what did 9/11 have -- what impact did 9/11 have? >> it is a very tricky thing to disentangle. at the time it happened, there were certain tendencies that were

speech and what's been practiced on this critical issue of health care, a lot of americans being very concerned and expressingrns. for him to put racism into this as an excuse or nonexcuse is absurd. >> now, ed, he did help put you in the white house, that's something that we can appreciate when you were a ronald reagan political director saand senior adviser. >> the bottom line is, based on the last election, jimmy carter is factually correct, it's a divisive statement. and it's counterproductive to having a serious discussion about important issues. and i give the white house great credit for separating themselves from the statement, as i do the house leaders who spoke up today. my problem is, when i see democrats to their crediti comig out, we've seen one state after another, rush limbaugh, newt gingrich. or this guy phillips who is ladying the tea bag express, and i've not seen one president step up and take on the divisive statements. >> surely, robert, you don't want to go through the list of left-wing comment taators who h not expressed them either eloquently or critically. >> i certainly do, i want to

thousands of ordinary americans are taking part in the tea party express. they are speaking out against government run health care, out- of-control spending, and the rallies that started in california will conclude in washington on september 12. she has been on board the express from day one. he joins me from flagstaff, arizona. >> i am in flagstaff, arizona. a few thousand americans got together today and they decided to have a tea party. we traveled over 1,200 miles since we live sacramento on friday. we have gone through nevada. we come in here to arizona. this is the story of the america that washington forgot. they apparently do not want to hear from. they are minors, small-business owners, nurses, they are mothers. what has been going on in flagstaff has been going on all across the american west. why did you come out today? what do you want to tell people? >> we need to take our government back. >> ♪ if you love my country come on enjoying our band ♪ >> i think it is very important. >> we are tired of seeing the government control so much. we do not