a party at berlusconi's home? >> what's the score right now? >> bill: she suspect by two. >> the answer is c, george clooney. so you lose, you can't win. but you could tie. she suspect by one. >> up by one. >> bill: you could tie. colorado senator gary hart ran for president in '88 his campaign fell apart when photos of him and his mistress hugging on a yacht became public. he confessed to an affair and dropped out of the presidential race. the yacht hart was on photographed with his mistress had a name fodder for late night comedians what was the name of the yacht? >> they are all good names. >> bill: the answer is, roll the tape. >> they chartered a boat, now the day before yesterday, somebody asked him what the name of the boat was and they didn't seem to remember. well,. [ laughter ] i can see why they wouldn't want to remember. the name of the boat was monkey business. [ laughter ] >> nobody knows what happened on the boat but i understand the whales were watching them. [ laughter ] >> bill: all right. maccal

whether they will have the same great relationship as the putin had with his predecessor silvio berlusconi less close look to business l.t. has been a closer to find the marina so some deals have already been done for phyllis and. well so far six billion dollars worth of contracts up inside already and as you said as far as a relationship between the two countries mario monti reaffirmed his commitment to maintain that a friendly relationship that we've seen silvio berlusconi established in previous years that sort of deals on all that's what everyone wants to hear in particular we know that italian banks will lend to russia speed to be two hundred seventy million euros and that's to renovate moscow's sports infrastructure also known as nickel and so these tech in are going to run the bait as soulful plant that's located in russia as a far north we have another deal that has to do with it's of these and e.u. and of course a rolls there and basically they've ironed out all the financial details on their deal to develop to oil reserves in the black and barren seas and also we already have ana

i understand exactly and considering russia's special relationship with this predecessor silvio berlusconi will be really interesting to see if the business climate stays just as warm between the two countries monty's and russia with his first official visit he's meeting president vladimir putin and prime minister dmitry medvedev to discuss business projects with a focus on the energy sector and let's not check out the equity markets to see what's going on there and first we go to europe where it's pretty much a sea of red across the board as you can see the dax at the moment is losing more than one and that's three quarters of the sound that the footsie is roughly the same and basically the banking sector is really pushing the the foot sea down and onto the currencies and the negative sentiment on the european markets and all the bad news that we're seeing coming from europe really pushing the euro down against the u.s. dollar in fact it's trading near a two year low and the euro is also added an eleven year low against the japanese yen at the moment the russian ruble is shedding value ag

i understand exactly and considering russia's special relationship with this predecessor silvio berlusconi it will be really interesting to see if the business climate between the two countries stays as warm monty's in russia with this first official visit he's meeting president vladimir putin and prime minister dmitry medvedev to discuss business projects with the focus of the energy sector let's cross live to business parties might of course remember the details why that's a busy day some deals have already been signed phillis sent. all the talk shows is that mario monti has actually already reaffirmed his commitment to maintain the warm relationship that. the established previously years and of course you mentioned deals that have been lost song i'd already would know about it so these banks would lead to a hundred and seventy million euros that's to russia and that's to run the bait moskos or superstructure we also know that when it comes to north pole and it's at least taking the will also work on developing a soulful plan to run the day to that and that's in russia's foreign north wh

. >> ilian-born eonomtu ecy r eahi of berlusconi is a system of crony capitalism in which government support for big business has overwhelmed the support f a fr market. it a ltlndern hou. w to thank you all very, very much for coming tonight. my name is brian anderson, i'm the editor of the manhattan instutcity jrnal 's areatleaseto oulundtme m charming contributing editors who's here tonight to speak about his brand new book, "capitalism for the people: recapturinthe lo geus o amicanprri thou ttuecic ckth 1980s, he enthusiastically embraced the american dream, the idea that what brings you success is hd rk. nolucknotwho uowch to ohe c s otdeatuns. is ethos was central to american-style capitalism which, he recognized, has been a extraordinary engine of exelmpntne bn ooo our new postfinancial cris era of massive taxpayer bailouts, of failed banks, political cotito ar-ndromheir ra lthne arung middle class, the genius of american prosperity is at profound risk. ther are disturbing signs, he beevesthatheu.s. ecomy is sfngo rlnile y ta sem loent that will prevent us from full economic re

economy is transforming into a berlusconi ste syem. a lot at l e rulcmireer ananaar e cotetu we got into the mess and how the reinvigorated we can escape. he re i to d l a ni herve ph.d. from m.i.t. in 1992. he's now the robert c. mcorp. maroor f trneip fce heri o bch pics ranging from financial regulations to the economic effects of culte. earliercoauthored book was called "saving cpc caliroaal" hew ean cali 2003, luigi received the prize for best young european financial economist. he's currently the vice est he meran nasiahle innddecol ta e oh american academy of american arts and sciences. he serves on the committee on capital marnghts regulation and a long list of other appointments. noptlifohpele is e gerg te us eoisl heclyao the blog if i had to pick out one book to explain what is going on right now, to a arudenceof nono tmiw . rscd sus adtpid a action for discovering what makes american. urging the mmpaito ad alat ld oe y t ge f ve aly. inemee wee man himself, luigi zingales. [applae] k u bste and the journal who not oy sort h

economy is transforming into a berlusconi-style cro capitalist system. a development that wve fll emi ve dan bleaker, more corrupt futu. now, how we got into this mess and how via a more competitive free market we can escape it, ig aesin bk a llk t tonight. luigi received a ph.d. in economics from mit and joined the faculty of the universi of chicago's boot school of business in 1992 where he's now the robert c. mccormack professor of erepreneurshi d fince. wena nal acocopics including in our pages ranging from financial regulations to the economic effects of culture. his earlier co-authored book s called "safing capitalisfrom the cal," tme ntto noo, a wdatht "the dawn of american capitalism." in 2003 luigi received the bernekksa prize for financial innddiorf iamanntly t come italia and a member of the american academy of arts and science. he also serves on the committee on capital markets regulation, and he has a long list of other appointments. now, capitalism for t pe lrergne scon eon tyler cowan recently said on his very influential blog marginal rev

silvio berlusconi apparently wants his job back.hose closest to berlusconi says he believes he has a good chance of winning a fourth term as prime minister next year. the 75-year-old is awaiting trial on charges of paying for sex with an underage prostitute at a, ready for this, joe, bunga bunga party. >> yes, i am ready for that. and today marks the 50-year anniversary of the first live performance by the rolling stones. the band yesterday retraced their steps, visiting the marquee club on oxford street in london where they played their first gig in 1962. keith richards, now 68 years old, says they've been rehearsing together and are going to perform again soon. what a remarkable, remarkable band. i'm more of a beatles guy. willie is more of a rolling stone guy. but man, what a band the world's greatest rock and roll band and now 68. how does everybody feel about that? >> still going to be doing this at 68, joe. >> oh, yeah. >> you still need me, will you still feed me when you're 64? >> you guys stones' fans? >> i was more of a be

silverio berlusconi suggested he might return to italian politics for the general election next year.ber that mario monti is not standing. it is conceivable that berlusconi could win and he's spoken about the possibility of taking italy out of the eurozone. and bank of america/merrill lynch said of all the countries in the eurozone, it is -- they have the most advantage in doing so. the other thing we should mention is that berlusconi is still under trial for allegedly planning to have sex with a teenager. so he may not actually make it through that process. here's the close in europe. higher across the board. no particular sector has done well. some of those beaten down on china have also bounced back. but it's broad-based short covering. even the italian stocks that were down earlier have cut their losses. fiat is down 3%, as you can see. this was a huge week in europe for the fact that the european central bank said it would no longer pay banks any interest to have their money on deposit with them. sure enough, half a trillion euro, give or take, flowed out of the deposit accounts

. >> a couple like the last guy back, with the pugs and dyed hair and 17-year-olds, berlusconi. >> he's strong bid to come back. >> they were going to bring him back, god bless him, 72. >> i love your association with the 72. with the 17 years old. >> 17 years old? you don't give him credit for that? divided by two, minus 7. >> that's horrible. i didn't say that. >>> we have the fed and the ecb meeting and the bank of england, i shouldn't forget them, the latest cnbc fed survey is out just in time. cnbc steve liesman has a look at those results. >> becky thanks very much. some interesting results here in the survey, a big change in the outlook. 78% of our market respondents now looking for quantitative easing from the fed, looking for qe3 in the next 12 months. back in june it was 59, go back to january, it was 48. you can see the percentage fell down to just a third. how much qe? how big will it be? that's come up as well. right now we're looking for, we were looking in june for $451 billion of quantitative easing. and now we're looking for more than a half a trillion dollars of quanti