i worry -- i know barkleys. if we have another situation going forward, we will act the same way, come out and the first and corrected. but i worry that the impact of that this was, because we were most cooperative, because we put the most resources into this, the reaction to the one firm that is out first outside of the industry does not create great incentives for others to come forward. at the end of the day, i look forward to the continued investigation around the issues surrounding libor. some of those issues are profound. if there is anything that barclays can do to help in that process, i know that we will. >> it has not been an easy few days for you. it has not been an easy hearing for you. we are grateful for you to coming this afternoon. thank >> today on "washington journal," efforts to improve the economy. we look at whether the economy benefits more from drug growth or greater wealth creation. then an examination of how the black community is impacted by u.s. government policies. we will hear from t

. >> note singt g hoanio are outstanding against barkley is -- barclays? t aeg anstum stear, i think it was 40 something. it might havbeen more than that. i cannot recall. that would not hbe ie lere. >>if l roe down -- [unintelligible] y inresthe h ap li anr illi. that is now $4 million. >> the economic impact is a swap. maevoewnau s fl? top about the value of the loan and the covenant he is given on that. stngn thw onge. woue heir government. -- of their covenant. >> i am not se the point. are se b uc the net result is you are able to negotiate -- >> i am not su i understand. >> there is ae rin ei businesses. is that the reason lots of small bunesses are finding it difficult becausethwa eye . l goowtihe apto go up. none of em understood what they were purchasing. but they were obliged to take it. t fostks ihihereor e paof ti will but that very differently. that the walk through it. was there an impact on suitk'e es in the.k. - longer-term as -- longer terms. enit wtheele ragsbechd. e ct best have taken out fixed loans, in theory, the economic impacta fim

how many actions are there outstanding against barkley is -- barclays? >> i am not sure of the number. if there are legal actions, there are not many. the number that went over the last year, i think it was 40 something. it might have been more than that. i cannot recall. that would not have been in the legal report. >> if a libal rate goes down -- [unintelligible] pay interest, he has a swap libal tax and may have to pay another $2 million. that is now $4 million. >> the economic impact is a swap. the main level goes down because rates are flying? top about ther's value of the loan and the covenant he is given on that. the outstanding loan and the new one together. that would be outside of their government. -- of their covenant. >> i am not sure the point. >> there are small and medium businesses who in the last five years were advised to buy product. the net result is you are able to negotiate -- >> i am not sure i understand. >> there is a huge cost relating libel to what is happening to their businesses. is that the reason lots of small businesses ar

this week what happened with barkley this week what happens with goldman sachs and j.p. morgan what the story is this this story builds on every time another event takes place if the democrats are smart they'll build on that they'll build on the corruption of all of this the corruption comes down to this this is the way i see this if we can't trust people at the top of the food chain the barclays and u.b.s. and the goldman sachs if we can't trust them to be honest with their money what do we think is happening with mitt romney money in a banana republic bank where hush money and kickbacks make the determination of how the money is reported what do we know about the money who's paying taxes on that money this is a very easy story to tell tom you can take this story and you can reduce it to thirty seconds i mean she's made to thirty minute ads very easily and so it all comes down to how aggressive the democrats will be whether they methodically build every week we have one of the barclays story when we have another j.p. morgan story a diamond story when we hear these stori

i just want to say thank you again to stephen barkley, larry ellison, for your vision and dedication and partnership for a lot of us to host this year and leave a tremendous legacy for this city and neighborhood. it is my honor to again thank you and all the generations that will be able to participate in your work. i hope you will come back many times and i hope one of those times you will actually be a passenger, so welcome, everybody. now it is my honor to introduce a man who needs no introduction, our very own mayor, the honorable ed lee. as you may recall, the mayor has a 17-point jobs plan. we have heard a lot about how he is doing on that plan because it seems weekly he is welcoming a new business to san francisco, and i think it is important that we have a city and mayor embracing people coming into the city, including our visitors. our cruise lines are very appreciative of having the mayor himself be part of that. mr. mayor, this cruise terminal hits 16 of your 17 points. it tracks and grow jobs, it hires san franciscans, it invests in infrastructure jobs, it invests in tran

. >>> @ lake tahoe charles barkley never get into politics final round up of celebrity golf in tall carson palmer from the bunker at 16th and eagle for raiders quarterback. he beat marc rypien for the title today that is at hand. the a's are a hot ticket right now most thrilling team in baseball. they would be tied for the second wild-card spot >>> can must be fun to hear the crowd roared at the end of the game >>> and a sweep against the new york yankees >>> that is it for eyewitness news at 530 c when ha,,,,,,,,,,, >> glor: tonight, the search for answers in aurora. at services today the victims of this mass shooting were remembered. >> amen. >> glor: john blackstone has the story of a 13-year-old who struggled to save the youngest victim. >> it's horrifying picturing in my head what i saw that night. >> glor: at the same time new details about accused killer .ames holmes. jim axelrod has that as holmes prepares to appear in court. also joe paterno's iconic statue removed. armen keteyian shows the sanctions to be imposed on the penn state's famed football rrogram tomorrow. captioning spo

how many actions are there outstanding against barkley is -- barclays? if there are legal actions, there are not many. the number that went over the last year, i think it was 40 something. it might have been more than that. i cannot recall. that would not have been in the legal report. >> if a libal rate goes down -- [unintelligible] pay interest, he has a swap libal tax and may have to pay another $2 million. that is now $4 million. >> the economic impact is a swap. the main level goes down because rates are flying? top about ther's value of the loan and the covenant he is given on that. the outstanding loan and the new one together. that would be outside of their government. -- of their covenant. >> i am not sure the point. >> there are small and medium businesses who in the last five years were advised to buy product. the net result is you are able to negotiate -- >> i am not sure i understand. >> there is a huge cost relating libel to what is happening to their businesses. is that the reason lots of small businesses are finding it difficult because o

the former athletes are involved we show you the charles barkley shot. kristyn palmer enjoys this final weekend before training camp not too shabby. 82 but for part the former redskins quarterback is the leader. >>> the job is to jump in harm's way and those who pay for their lives a memorial at 630 and dedication to east bay firefighters that is it for news at 530 will see when half an hour and a 10 and 11 have a good night. ,,,,,,,,,,,, ,,,, >> 17-year-old zack golditch another man died celebrating his 27th birthday. police enter the gunman's booby trapped apartment. >> make no mistake, okay, this apartment was designed, i say, based on everything i've seen, to kill whoever entered it. >> glor: doctors treat more than 50 people shot in a theater where they became targets. >> some of theur

>> barkley? >> yes. >> so much money is coming from financial organizations and individuals representing in particular again on the conservative side and of course barkley's is embroiled in a scandal and on other banking scandal. we've seen some uncomfortable connection relationship to those who have the money to give -- and also have are giving a good reason to want to develop a more coordral relationship with the candidate, that will most benefit their economic interest. >> give us a call or send us an e-mail. you can join the conversation online on our twitter page and facebook, twitter.com/c-spanwj or facebook.com/c-span. >> mitt romney with a series of fundraisers. everything legal? >> legal because they're raising the money from ex-pats. from americans abroad. this has been done in prior cycles as well. it is unusual. it's a little bit uncomfortable to be raising funds for american elections on foreign soil. but each of these donations if they're more than $200 must be item miesed so we can

a former athlete is involved we'll show you the charles barkley shot. raiders quarterback carson palmer and joyce's final weekend before training camp. he too but for par former redskins quarterback is the leader. it going back to read it fun to see those guys excited from meeting the other athletes he bought red flares road for dustin ted troia. he did on ebay. thunder watch the a's and giants now. a home run derby. >>> that does it for this edition of eyewitness news see you and at 11 latest news and weather on cbs s f dot com have a good night. ,,,,,,,,,,,, >> announcer: the following is a paid advertisement for montel's living well healthmaster, brought to you by tristar products. today, on living well with montel... >> sylvia browne! [cheering and applause...] >> announcer: sylvia brownand montel, together again for the first time in more than a year. don't miss sylvia's huge announcement... [applause] and her shocking psychic predictions, including a frightening revelation about one woman... >> i call this a desert period. >> announcer: that could

if former athletes involved we must show unique the charles barkley shot.arson palmer enjoys this final weekend before training camp. he went too putt for par marc ripon former redskins,,,,,,,,,,, >>> this san francisco is used march of the penguins introduced the newest penguin chicks. >>> the magic land a pan wins hands this year and they have been at this school learning how to be fed by zookeeper's they join the penguin colony the newcomers bring the population to 49, the largest population in any suit or aquarium. brian hazmat these and once before >>> at tierra del fuego along the coast of argentina one of the things that are effective are the penguins they're fun to be around the look at you like " what are you doing here " >>> will show you pictures as we leave of the little boy victory ,,,,,,,,,,,, ( loud breathing ) hey, alan? yeah? you had the "just say no" talk with jake, right? of course. why? what talk did you have with him? no talk. it's just that he's-- nah, it'll be more fun if you see it. i'm guessing you don't mean fun for me. tell the tr

. >> reporter: so you're make the most of it then, barkley.it will be at dark tonight. we'll hopefully see some lights come back on. we've been showing you the area. we want to see it change over at dark. we'll bring you that live update at 11:00. back to you. >> four days and counting. for linemen working to restore our power, we got a lot of help from our neighbors to the north, south, all thanks to a well executed plan. the system is set up to allow crews to act fast in a case of an emergency. >> each crew has a dispatcher. they head out. >> head out to areas they don't know because many of the workers are far from home. >> they're coming as far away as florida, tennessee, michigan, and even quebec, texas. >> others have set up shot -- shop. there's food, wart and ice and -- water and laundry service. >> we have a mobile laundry service. trailers. we work with them and help these guys get their laundry turned around in 24 hours. we keep them happy. >> so why do they do it? leave their homes where the lights are on to come help us. >> lineme

bank of england and so-called senior figures in the government machine were somehow have before barkleys to say it was borrowing money at a lower interest rate that it possibly was -- have for barclays to say it was borrowing money at a lower interest-rate than it possibly was. the undermining of the economic credibility. >> you mentioned economic credibility. yes, the politicians will have a claim and a counterclaim on this. i am the end, and, after all, there are people over the world watching this. the reputation of london as the financial sector is at stake. is it not? >> absolutely. that will be a key motivating factor behind how mp's handle this. bob diamond is the man who appeared before this committee just last year to say it was time for bankers to apologize and time to get behind the banking industry. mp's were very worried about the damage to london as the financial sector. they know the public, not just in this country but around the world, are very fed up with bankers. they also note in this country that the kind of tax revenues that the city of london generates are extremel

he has accused barkley of being too aggressive, but he will face tough questions as regulator. this is going to go well beyond just being a barclays bank story. listen to this. >> this is definitely global. the bank has already paid the price as it has been dropped for dropped by a number of rate- setting entities. the litigation is probably limited with respect to any new banks buthat subsequently receive fines from the regulator. >> we don't know how many questions will be answered from this today. one question is why is this taking so long? this issue was raised four years ago. >> what about india? the inflation rates was published today. it is easing. >> not as high as was predicted, but it is a huge problem. we're talking consumer prices. inflation went up 7.25% in the month of june. that is high. india had the highest inflation rates amongst thhe bric economies. food prices are big problems for indian people. 11%.s aup the indian economy in the first three months of this year slowed to a nine-year low. typically when you have high inflation, you raise interest rates. but

last month's britain barkley bank admitted to submitting false information to hold down the london rate. it agreed to pay $453 million final. a treasury department report says the process for setting a key global interest rate is flawed and poses a risk to the stability of financial markets all around the world. >>> d.c. area drivers are seeing higher prices at the pump for the third week in a row. aaa mid-atlantic says the average price for a gallon of regular gas in the d.c. area is $3.48 this week compared to $3.41 last week. drivers still paying less than they did a year ago this time. that's when gas was costing about $3.73 a gallon. the price of gas in the region is a penny less than the national average. >>> fewer teens are interested in getting a driver's license. that's bad news for automakers marketing their cars to younger drivers. according to a study conducted by the university of michigan's transportation research institute, the percentage of 19- yards if the u.s. who have -- 19-year-olds in the u.s. who have their licenses actually dropped just over 87% in 1983 to about 7

that big rat may be going to congress barkley sed chief bob diamond could be brought before congress sources say washington politicians considering asking former barclays chief executive to testify as libel or fixing controversy crosses to the u.s. and again look at all the qualifiers that somehow they may we were thinking about it there could have been something there some allegations here that this could be kind of wrong doing mr diamond did you fix race. that was not a rat sound is it. really trying to make a rats but just listen to bob diamond that's all right sounds but yeah he was involved in fixing rates he committed fraud committed securities fraud many times over. i mean the u.s. i suppose will listen to bob diamond it because they want to hear some more inside information because the congress people can trade on inside information that's legal but nancy pelosi made five million dollars and they try to get inside information is a little be listened to they're like oh paul worker we illegally traded inside information tell us more bob diamond you big frickin rat you know like

s complaint against barkley see if d.c. is the commodity futures trading commission. and congress was looking into this today is that intentional or accidental the republicans running congress tend not to want to look over the banks that's right congress the house financial services committee held the first of what will be seven hearings which the republicans had intended to reveal how bad wall street reform is how onerous it is to american banks these are hearings to repeal dodd frank yes lay the groundwork and. if it's tuesday this must be bashed dodd frank day of the house financial services but in fact one of the lead witnesses from system was from the main lobby for wall street if you will which was until ten days ago headed by a barclays executive now that website has been scrubbed clean of that barclays executive imprint but in fact allied war inevitably came up at that hearing how does this relate to financialization the conversion of. an economy from a manufacturing base to a financial base like we're seeing here in the united states yes unfortunately we've b

for example, in my most recent book i have a chapter on lady frances barkley, the wife of the governor of virginia at the time of bacon's rebellion. when her husband died, she became one of the most important political leaders of the colony. she became the focal point of the opposition to his successor and shethis pawarted him for about 18 months. he actually died early of disease. he was replaced by a virginian, in a temporary position, and that virginian somehow knew how to placate her and so she lost -- you know, she lost her power at that point. but the guy who replaced her husband was just so frustrated. he stept kept sending letters t england saying, she's thwarting me at every turn and nobody said this is not what she should be doing. >> you mentioned your most latest book, i read that this was the third in a series of books that you've written. >> yes. >> what's the purpose and the point of the series? >> well, the purpose and the point is actually the sort of thing we've been talking about, that is, the relationship of women to the public realm. it is the third that i wrote, b

. >> and andy gave some a awkward situations. [ laughter ] >> and coming up, barkley chief executive after the bank was fined after trying to manipulate lending rates. that is one story we won't be discussing. and what is this? a magical character who delivers suvs. ♪ ♪ >> greg: the g.o.p. as he turns left. jonathan has a new tone. at age 13 he was pint-sized pundit and he went on a book called "defining politico." and i'll always prefer. >> i wanted the american people to understand that conservatism is not an ideology of feelings, that some people like to say. >> he taught me a lot about being a conservative. he will a freshman in the fall and the speech that he just made there makes them cringe. a 13-year-old you have formed opinions, me too little fellow. let's discuss this. >> lightning round -- lightning round. >> i thought you were dreaming about him. or lightning round. >> a lot of people don't like it but i think it's the best part about the show. bequiet. and this young chap he is entering that stage shouldn't we have seen it coming? >> sure, their opinions change all the t

remember when you rip off somebody in china you get hung they hang you so there is a deterrent there barkley scandal bad news for investor confidence so here's another article saying oh this is bad news there's loads of money being pulled out of the financial system because people are terrified to be in it because they know that they're going to get ripped off one way or the other and they interview randy frederick managing director. active trading and derivatives at charles schwab he says every time people begin to gain a little confidence something else comes up if it's not europe it's troubled i.p.o.'s i facebook or j.p. morgan or barclays something new blows up and people say i knew it was a rigged well you know bob diamond got caught demanding a felony you know his response was like he had just been voted off a reality t.v. show so he's all smiles and it's the deep briefing from the failure you catacomb out of the bank you you were caught committing a felony you're ripped millions of people off how do you feel now and he's there all smiles and you know well he worked for blackstone will

michael jordan and his prime, barkley and his prime, alone in his prime?the 92 team 10 point favorites. >> after the giants all-star performance on tuesday, are you willing to take back your anti ballot box stuffing? >>gary: i am not! my bottom line is the with your heart instead of your efforts if. >> i have listened to you for 20 years and you are consistently arrogant. >>gary: really? do me a favor, listen another 20 years and then turn it off. [ male announcer ] now at your neighborhood subway: dinner...is...served. tonight, take it easy and enjoy your favorite soup, salad and hot, hearty sub. like the toasty big hot pastrami melt. get to your local subway for some dinnertime deliciousness tonight. subway. eat fresh. >>> "the insider" is taking you in depth on today's big celebrity headline. i'm kevin frazier. >> and i'm brooke anderson >>>"the insider" is on. >>> j. lo jumps ship. >> the time has come. we had an amazing run. >> you've made up your mind. >> steven tyler out. is randy about to quit? news on the "american idol" shakeup today. >> the rati

. >>> from inside the barkley, to outside in the cover.he giants work to make each game memorable for a variety of reasons. >> we have such a rich history and tradition and just paying tribute to that because we're very fortunate to have that. >> so when fans come to the ballpark, events like a garlic festival can heat up over night and folks take pride in making game day complete. >> for a lot of people this is the first time people have gotten in touch with a major league baseball field not to mention meet a player or throw out a first pitch. it's exciting for us to help fans feel >>> okay, let the game begin, the giants game of course. >> hey, i kind of like it that way, by the way, jessica. hey, you can relate to this. when you're hot, you're hot and both the area baseball teams are exactly that. the a's have the night off after their sweep of the yankees while the giants return home from a successful road trip. ryan vogelsong takes t s the mo in a home stand. for more let's send it out to jon miller. >> the giants are all in all on to

today charles barkley responded. >> i just started laughing. how old is he? is he not 36?t i think 34. >> and he is calling us old? at the time we were only like 28 or 29. we were both 29. other than kobe, lebron, and kevin durant, i do not think anybody on that team makes our team. >> i agree with the 100%. the maryland turks were playing on a new field of this year. -- terps our plan on a new field this year. it will be a beautiful green field turf. the wild ones need a change. boise state has a blue field. lsu has a purple field. but this one takes the cake. it looks like a flag or a candy cane. the players can get a headache from playing on that field all day. that fat on football fields has to change. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ the first time i saw fios it was absolutely amazing. for years and years we had to put up with cable. once we got fios it was like somebody like took our computer and shook all the junk out of it. [ male announcer ] don't settle for the same old cable technology. switch to a verizozon fios triple play and upgrade your entertainment equipment with our

. >>> the head of barkley's bank, one of the biggest in the world, quit yesterday and later today, he due to get a grilling by british lawmakers. they want to know if he is aware of the interest rate at the height of the financial scandal. >>> coming up next, it looked like a hollywood stunt. >> an suv airborne on a freeway. not sure if you've seen this yet. this was not a stunt. details of what happened here and how can you blame this hot weather for it. >> but first, we'll talk about this. a fun fact on this 4th of july. when the nation declared its independence back in 1776, it did so without an official flag for our new nation. that came the next year. the continental congress adopted the national flag on june 14th, 1777 as a way to promote national pride appear unity. how about that. >> fun facts on this july 4th. >> you no what else, reading is fundmental. >> we'll work on that with you wisdom. >> we'll be right back. i'm going to practice during the examiner shall. -- during the commercial. rder . virtual wallet helps you get it. keep track of spending, move money with a slide,

and barkley dead last. going with the one-handed swing these days to the tee. not pretty. and u.s.irls jr. championship in daly city. a beautiful day. two-woman final. australia as you mingy sticks the tee shot within a foot and made the put for a win, defeating allison lee of valencia. that's the look at morning sports. i'm collin resch. have a great day, everyone! >> up next, a five-year-old girl is hit by gunfire in a drive-by shooting right in front of an oakland fire station. we will tell you how she's doing this morning. >> president obama visits colorado in the aftermath of the theater massacre. i'm rebecca stevens. we will have that [ male announcer ] ever wonder what's behind two little fleas? the next generation and then countless more. how do you kill them? frontline plus. it uses two ingredients. one to kill adult fleas and ticks. plus another to eliminate flea eggs and larvae, annihilating the next generation of fleas. and, frontline plus works non-stop for thirty days. no wonder it's the number one choice of vets for their pets and yours. ask your vet about frontline

. >> any of your viewers just need to google offshore accounts and whether it's citi bank, barkley, all of the leading banks. they have all their websites. they pop up immediately. why do you do this? legal tax avoidance. you don't find anything in there, here's a gray legal common reason why every american should utilize this service. >> i'm confused. i thought it would say job creator, but i've got to go. thank you all for your time tonight. >>> coming up, new information about an investment in bermuda. that exclusive story is next. >>> plus rush limbaugh's ridiculous batman bain conspiracy theory takes a turn today. >>> and chris christie could be the keynote speaker at the convention in tampa, but he might not be willard's number two. is this already causing a rift in the gop? you're watching "politicsnation" on msnbc. what's with you? trouble with a car insurance claim. [ voice of dennis ] switch to allstate. their claim service is so good, now it's guaranteed. [ normal voice ] so i can trust 'em. unlike randy. are you in good hands? this is new york state. we built the first railw

even well out to the valley out to the big valley and even the barkley ranch will struggle to hit 80 degrees today. it will be a very cool pattern. probably through wednesday. 50s on the temps. i don't expect these to change much. wind has really cranked up. so that will be a cool, cool pattern. this low looks like it will dig right into northern california. what? i know it's crazy. it looks somewhere around eureka. possibility may be a few isolated showers tuesday and wednesday. i doubt it. we'll keep an eye on things. much cooler. low clouds. there will be sun but very windy at times. 50s and 60s and 70s. that is it. and on the extended outlook a really cool pattern through wednesday. that low ejects out of here. temperatures will warm up thursday and friday. a lot of high clouds. tropical clouds from tropical storm hurricane fabio. moving north. that will keep an eye on us. >>> time now 5:16. today the republican party officially will take over the tampa bay times forum in florida. they are getting ready for next months republican national convention. for the next six weeks hundre

victim when the scandal first broke, the journal ignored it for weeks and then in a piece called "barkley'sk-," erode -- talk about the u.s. media coverage of the libor scandal. >> first of all, there has not been enough coverage in the u.s., probably because u.the scandal has not spread to our shores. but it will. we know of three banks already that have committed to the conduct. it eventually will involve big american banks as well. we don't have to mention them. the other banks in the survey will be involved in this as well. i think the american media in general has been slow to realize the gravity of the scandal because there's all the financial corruption the news editors are generally reluctant to go there, especially something as complicated as libor. but what we are going to see is a lot of coverage like what you just heard from "wall street journal" were there will be a suggestion that this was done and sort of a patriotic manner in order to create an appearance of soundness during a time of crisis, done on behalf of governments. i'll suggest that is going to be the first line of d

charles barkley, dead last. going with the one-handed swing these days to the tee. not pretty.in is the clubhouse leader. and u.s. girls jr. championship in daly city. a beautiful day. two-woman final. australia's mingy lee sticks the tee shot within a foot and made the putt for a win, defeating allison lee of valencia. that's the look at morning sports. i'm collin resch. have a great day, everyone! >> up next, a five-year-old girl is hit by gunfire in a drive-by shooting right in front of an oakland fire station. we will tell you how she's doing this morning. >> president obama visits colorado in the aftermath of the theater massacre. i'm rebecca stevens. we will have that report coming up. good morning! wow. want to start the day with something heart healthy and delicious? you're a talking bee... honey nut cheerios has whole grain oats that can help lower cholesterol. and it tastes good? sure does! right... ♪ wow. delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? be happy. be healthy. >> the victims of frida

then i went and played charles barkley and michael jordan. all the good ones.u took away that structure, all the destruction came. i had too much free time. >> you were always an affable guy. even after that, you had a career. i think nbc you were going to become a commentator. what i really want you to do, take me back to that night. you were in your mansion. you had the harlem globetrotters over at that's night. you were in your bedroom and all the sudden with the gun. what happened? >> well, don, i can just say i was terribly reckless. to go back to that night, we went to a globetrotter game. i had my adopted grandchildren with me. we went out to dinner. some of the globe trotters, some of the friends went back. when you're a young man, and i'm making no excuses, nobody wanted to see the picassos on your wall. they want to see your guns. i recklessly showed a gun to somebody and went to snap it closed and the gun went off and killed mr. christofi. if i could take it all back and be much more careful in the whole situation, i'm so sorry for all the pain that

it reminds me of charles barkley saying i was misquoted in his own autobiaugusautobiography.we're seeing the blowback of the austerity measures today. >> no, there's been no -- romney's tax would cost trillions and trillions and trillions of dollars. an enormous amount of money. it's a very, very big tax cut. he would pass it after extending every single bush tax cut which we can't afford. you have trillions of bush tax cuts, trillions of romney tax cuts and no offsets to pay for them. the only difference is medicaid. what that would mean is that you would cut medicaid by about a third in a decade or so. i would want to go back and thec those numbers but that's what i remember from the last time i looked closely into that. that's been estimated by the urban institute to cut 14 million to 19 million people, mostly poor people, off medicate. even that would not come near paying for the tax cut. >> that's pretty draconian to say the least. you also wrote that president obama's plan is more geared to an immediate increase in jobs in the short term. >> when you take romney's plan,

interestingly, to counter the to barkley's before parliament, which were much more aggressive and rigorousd the systems of campaign funds are going different, which is that as a british politics does not have its own problems -- part of the problem is that this kind of elite solidarity, self protection impulse stretches across the public and private sector, and in some ways the ideological lines. people are going to move on from being senators to go work at big corporate law firms in washington, d.c. or logging firms that will represent those same interests. >> if they want to keep on being senators, they have to appeal -- john >> exactly. when we think about how money and finance works, money and politics works, just as basic dependency. "i want to keep raising money because i want to keep on being a senator. i do not want to tick you off." that is true. but there is cultural affinity. what happens when you spin on your time talking to people who are in the 1%, which is essentially a job requirement to be a member of the american congress. you have to raise enough money such that you spen

village, my memories were swinging on a swing set, which is what i did, and hanging out with charles barkleye physical therapy lab. athletes are disciplined. and i think it comes down to self-control. it's about medals and not about partying. >> jackie, what do you think? what was your experience? >> my experience, i agree with dominique. i can honestly say as a laser focused athlete myself, i never dranked, i never sipped champagne, never had alcohol. so when you go to the olympic village, most of the athletes are there to focus on a job, trying to get the job done. and the one thing that the usoc has done is put this ambassador program together where they talk to the athletes about the dos and the don'ts bringing in former olympians and having them to share their experiences. but there are athletes there that lose focus. but for us it was always about i was trying to win a gold medal, silver medal, bronze medal and focus on what i had to do to get the job done. >> is she wrong? even if you two weren't involved in this behavior, she's talking about open sex. wherever you might see it. in th

we have barkleys of the ghest level relative to the othe fis and then we ve th iiast n >>nk, mr. chairman. you have talked about the setting up in 19 aefth organ stanley. as a, how long have you been on the debt market before you 19 o 82.as farclays? >> so that's 27 yers. exrry, 17. ftsok bef. tell me about your experience. youhd nhm dr ponr m tld for that so i was in the money market and when i was ctively involved before i s in manamenti wain t t.seaese ro gnmorjaanesvernment. >> so in other words when you are right that the opportunity to set up, you had been iving d ahifntrm 17yasa the opportunity for you was to use the treasury topeceyont tt isudurea ti they had more of a u.k. s ho aig they di't deliver very muc sth tscoa beegthtoe e teruweimpag blity to extend internationally. >> when youstu on thcrngsirtf ci w pct o as you refer to the markets around the world. those were all under the experience. >> certainly we would tte ard h eg's d o avn ai was it decentralized or did you give people frerein to do with a light? tist eaint twahv ut committee that have all the representa