marva bernstein would have loved sotomayor. you students here at georgetown know of justice sotomayor as a trail-blazing supreme court justice that she is. upon her nomination to the supreme court, the third woman ever nominated, the first latina, her name and fame skyrocketed so that to this day walk down a street with someone, without someone, a driver,er, a bus anyone, coming up to her and telling how inspiring her life story is, what she means to that person, to that family. i've seen it happen every single gone out sincee her appointment. she is accessible to

his response plus reflections from carl bernstein sunday night at 8:00 eastern on c-span three. c-span brings public affairs events from washington directly to you, putting in the room for congressional hearings, white house events, briefings, and conferences. all as a public service of private industry, we are c-span brought to you as a public service by her local cable or satellite provider. like us on facebook and follow us on twitter. washington journal continues. host: welcome back. we will spend the next half hour hearing from you on this question. the mostre to, with influential people in the world, who would be on your list? time magazine has done so.

carl bernstein has said he could not do the watergate story today if those confidential sources didn't have trust in his ability to protect him. i wanted to ask, i'm curious because i think in julian assange, putting aside everything, a reporter, if he had been tried in this country, i believe bill keller of the new york types and "the guardian," russ bridger would have also been held, could have been prosecuted. i'm just curious, jill's thoughts about that. what responsibility does a news publication have to a source? >> well the responsibility that a news organization has to a source is to really live up to the word that is given and, by one of our journalists to a source and and "the new york times" right now, my colleague jim is in excruciating position

i knew bernstein very well.e really was one of two people who was responsible for my joining the faculty. before we get to the main event, i'm going to speak to you very briefly about three people -- marver bernstein, sonia sotomayor, and eloise pasachoff. my friend marver bernstein admired individuals of professional excellence, committed to public service, of high moral character, and striving to reach beyond their seaming grasp until they attain their aspirations no matter the difficulties. marver bernstein would have loved sonia sotomayor. you students here at georgetown may primarily know of justice sotomayor as a trail-blazing supreme court justice that she is. upon her nomination to the supreme court, the third woman ever nominated, the first latina, her name and fame skyrocketed so that to this day she can't walk down a street with someone, without someone, a cab driver, a bus driver, anyone, coming up to her and telling how inspiring her life story is, what she means to that person, to that family. i've

of course woodward and bernstein but also seymour hersh. he was a different kind of journalist even then woodward and bernstein. i wasn't alone by the way in my admiration and looking at him as a rock star of american journalism. the pulitzer prize-winning journalist who worked for the new york times told me he came to a journalism conference in new york city in the early 1970s. he said the keynote speaker was seymour hersh. he was like a rock star. everyone wanted to be like seymour hersh. i began to take an interest in seymour hersh. that interest is piqued by the fact that in december of 1974 he broke the story that some people think was the story of the decade and that story was pretty simple and resonates today. hersh found out the american central intelligence agency was in direct violation of law opening the mail of american citizens and tapping their phones. the cia was a lot to that but only in europe. they had crossed over and infuriated the of the eye by doing an hersh finds out about the story. he was nervous about the story bec

gabrielle bernstein is the new york times best-selling author of "may cause miracles."as a new book out called "miracles now." thank you for being here. >> thank you for having me. >> i want to understand this hit rocknt when you bottom. >> i was 25, running a pr business, representing nightclubs here in new york city. me to can imagine, it led some dark areas in my life, really looking to find my happiness outside of myself and an external circumstances. by the time i was 25, i had a great quarter life crisis. i say great because it was a turning point for me. >> what is a quarter life crisis? >> 25 -- >> is it specific because you accomplished so much by that time and it leaves you feeling like you need to do something else? >> i was accomplished on the outside but internally felt very bankrupt and disconnected. i was really using myself in a lot of ways with the parties leaned -- party scene. not sleeping enough. life around,y own i created a new career path. >> tell us about the moment where you leave the past behind and start something new? was gandhi's birthday in

louis vuitton sought down and i read an interesting note from sanford bernstein.id, look, there's been a huge movement i the government to close down what they called the erotic sector or high and karaoke bars. can you tell me the difference between high end and low? i said i could show them a broad range. you have visited many in your day. >> their range from fairly well and to fairly high-end. [laughter] survive." [laughter] >> it had to be gloria gaynor. >> a bit of pet shop boys. >> i like that song. off track.etting >> you are taking me off track. i was staying very focused on high-end karaoke. come back to me. sanfordtion is bernstein saying there will be no recovery in the cognac market until they get through 2015. day for manas.y what are the challenges? what are the challenges right now for the alcoholic drink industry? >> we just talked about china treau.my coin the chinese spirits market is to thebout $70 billion booze companies. that's over 40%. that's the challenge. you have a currency risk in asia-pacific. you have changing societal issues. is if you

of course woodward and bernstein but also seymour hersh. he was a different kind of journalist even then woodward and bernstein. i wasn't alone by the way in my admiration and looking at him as a rock star of american journalism. the pulitzer prize-winning journalist who worked for the new york times told me he came to a journalism conference in new york city in the early 1970s. he said the keynote speaker was seymour hersh. he was like a rock star. everyone wanted to be like seymour hersh. i began to take an interest in seymour hersh. that interest is piqued by the fact that in december of 1974 he broke the story that some people think was the story of the decade and that story was pretty simple and resonates today. hersh found out the american central intelligence agency was in direct violation of law opening the mail of american citizens and tapping their phones. the cia was a lot to that but only in europe. they had crossed over and infuriated the of the eye by doing an hersh finds out about the story. he was nervous about the story bec

carl bernstein is a political commentator and journalist and author of "his holiness, john paul ii andhe history of our time." thank you for joining me, carl. >> good to be here. >> not everyone was happy that john paul ii was canonized. some feel he didn't do enough to address the catholic scandal over the years. why do you think the vatican, pope francis, decided to do this in this manner. >> two things. i'm told that people talked to the pope about these matters. he sees the church as accommodating these two great figures. john xxiii and pope john paul ii who represent different aspects of the church. pope john ii put the church into the modern world, help defeat communism as perhaps no other individual did, was responsible because of poland and what he did there for cracking the wall and in the soviet system and, you know, the pope wants this recognized, it had already been set in motion by benedict and doing the two together demonstrates a kind of unity that he wants to show the world this new pope. >> and then pope -- john paul xxiii, what was his distinction because these are tw

. >> joining me now donna edwards and jared bernstein, former chief economist for vice president bidenngresswoman edwards, let me start with you. "the new york times" report is alarming. there is a growing income inequality crisis in this country. how much do republican policies factor into it? >> well, you only have to look at the republican budget, the latest ryan budget that makes middle class families pay an additional $2,000 in taxes and cuts $200,000 in taxes for millionaires. and so their policies really speak for themselves. cuts in medicare, in education, in head start. i mean, the list is long. and that goes right at the heart of the middle class. not only do we not want education benefits anymore for middle class families, but also not extending unemployment benefits, a budget that says we're going to reward the millionaires and we're going to punish people who just get up and try to get up every single day and go to work for a living. >> jared, the gop talks about creating solutions to help the economy, but why don't they back solutions that already work? just look at the e

bernstein and myself agree on the need to fundamentally reform the system.porate tax rates are the highest in the industrialized world at 35%. we double tax profits that are earned overseas and our r & d treatment is adverse as compared to our international competitors, so i think we need to move forward on each of those fronts. >> we all know, to be clear, but there's been no action, a i'm sorry for every day that passes, every session of congress that passes, this -- you are seeing -- this is a major deal, a major u.s. company that is now doing this because you guys. >> indeed. >> have failed to get ahead of this issue so what are you going to do about it now? >> allow me to agree with you, perhaps with more stray densy than you put it forward. we need to in a bipartisan way to overhaul the tax code and need to find areas of agreement if we can't overhaul the code and bring down the corporate rate and improve how we treat overseas profits. let's deal with the r & d portion which we'll do in the ways and means committee tomorrow, we'll make that r & d credi

his response plus reflections from former "washington post" journalist carl bernstein sunday night at 8:00 eastern, part of american history tv this weekend on c-span three. >> the interview with felipe fernandez-armesto, author of our america continues now. >> host: during the break we were talking a little bit about our histories and the hispanic verses latina and one of the things that has come up is the fact that i lived in barcelona for a few years as a border region moment who is also american, the issue of biculturalism would come up occasionally in a conversation, and it was something that there was not a lot of understanding, like how you could identify both as american and as a porter rican. that is something that is still seeming to be an issue. and in nearby cuba again or you in chapter three talking about realism and this sort of by cultural identities that began did take shape. i would love to pick that up are with you and talk about these identities that people have and biculturalism, at least in that -- >> did you learn? >> host: i can speak a little bit. i and a stand

as a young conductor, ronald bernstein has a promising career ahead of him.conducted orchestras all over the world. but his performances were fwreenthly disrupted by intense mood swings. >> being on the top of the world and that kind of fits into the personal -- general persona of a maestro, so it can go undetected. >> reporter: in 1985 he was diagnosed as bipolar. there were long periods when he struggled to get out of bed. he claims he was fired because of his mental condition. >> good. good. ♪ >> reporter: in response the 58-year-old created the me-to orchestra made of musicians with meantal illnesses, and those who love them. for this man who has schizophrenia, the group gives him purpose. >> they just had me on a bunch of meds and sitting around, and i couldn't get anywhere. >> reporter: the unique orchestra has helped soften the stigma often associated with a mental illness. >> all i want to do is support him and make sure he is in a place where he can be the greatest artist that he can be, because i could see that there was magic when he got on the pod

also cnbc contributor jared bernstein. diana, listen, i know where you stand on a lot of these issues but the american public is getting sick of hearing about this cash sitting overseas while american middle class workers haven't had a real raise outside of health care benefit costs in years. >> well, apple did give a lot back to its shareholders. we just heard about apple. how well it's doing. that is giving back to its shareholders. if we lowered the corporate tax rate closer to oecd levels, we'd see more repatriation of these earnings. right now, our state and federal corporate tax rate is a top of 39%, compared to about 25% average for oecd countries. we tax companies on worldwide income. many companies just tax companies on their territorial income. we need to move closer no line to our competitors because it's a global race for capital out there. >> yeah, you know, and listen, we're not picking on apple necessarily here but because, diana, the size of their cash hoard, it's hard not to. what would be the answer? i kn

corn are of the page is not enough there should be an entire section of divorce announcement, brad bernstein and jennifer chen were divorced friday in an uncivil ceremony at the law offices of-- chen's father said quote thank god there were no children. lev laugh and for that matter, for that matter, why are newly-weds and the divorced hogging all the limelight. what about celebrating the millions of married couples who are simply making it work by printing still married announcements. mark hefner and his wife marie are pleased to announce they continue to be married. are they always happy, no. is it work with kids, you bet your ass it is. marie has a full-time job too so why is he is the one taking the kids to soccer practice, oh, here we go, get out the chalk and the blackboard because i know you're keeping score. >> i'm sorry, i'm sorry, i'm just tired. anyway mark and marie basically enjoy each other's companies and isn't that the most you can hope for? (applause) >> get on it, "new york times". i want this, i want this still married announcement to be printed for the same reason all mar

joining me is jared bernstein, former chief economist for joe biden.to you. >> good morning, alex. >> what is it about this book that's attracted so much attention do you think? >> i think it's because it presents such a wealth of evidence and it does so in a very clear manner but it also does so in an historical manner that i've found and i've been digging into the data for decades, have never seen before. he has collected data, with colleagues, by the way, back a couple of centuries, documenting the accumulation of income and wealth over numerous countries. so the weight of the evidence and the authority gives the book a really solid credibility. he's tabing into so many of us. certain folks are doing so much better than others. >> i think the most startling aspect is really his kind of key conclusion. the accumulation of wealth at a certain point. it's large enough. when you get to that point his prediction is that it becomes self-reinforcing, that as the economy grows, a larger and even more narrow slice of that growth in terms of wealth concentrat

joining me right now with what they think should be done to the tax code is cbpp jared bernstein. jared, what do you think needs to happen? >> i think where you ended is precise lit directily the direc to go. you mentioned job creation here in the united states which of course hasn't been exactly stellar. at the same time we've seen soaring corporate profitability, particularly driven by the very multinationals he was talking about. so i think where i would intervene first would be in this area of international taxation, where the tax code really does as odysseas papadimitriou's findings suggest incentivize production overseas to the competitive disadvantage of domestic firms here. that's a really rich area of taxable -- >> what are you suggesting? lowering corporate rates for people here so we're more competitive? i'm not sure. >> so let me be precise. what i would suggest is ending the deferral of foreign-based earnings. that is, instead of allowing these firms to get away with keeping their earnings outside of the u.s. tax base, basically forever, there are a number of proposal

marva bernstein would have loved sotomayor. you students here at georgetown know of justice sotomayor as a trail-blazing supreme court justice that she is. upon her nomination to the supreme court, the third woman ever nominated, the first latina, her name and fame skyrocketed so that to this day walk down a street with someone, without someone, a driver,er, a bus anyone, coming up to her and telling how inspiring her life story is, what she means to that person, to that family. i've seen it happen every single gone out sincee her appointment. everyone.essible to indeed, she is the people's justice. all youths feel a connection with her. struggle every day, often people of color, feel that their dreams can be realized because of her. and respect given to my friend is palpable. regardless of what is going on in her life, is always friendly, takes a photo with the to her.ho comes up she gives it her all to everyone 24/7, 365 days a year. who is she? sotomayor?a i remember sonia sotomayor in law school. out for a number of reasons

head of smith barney, sanford bernstein and former president of bank of america's global wealth management. we get her ceo "on the markets ceo pay as numbers coming out this week. earnings from banks kick off this friday. here's a look at top headlines, investors hold off tech stocks in asia and europe. among the losers, china's japan's softbank. nasdaq likely to open lower this morning. the recall crisis does not appear to be shaking investors in general motors, they are keeping the faith despite gm losing more market value in the last month. due to demand for the season premiere of "game of thrones." the same thing happened last the finale of "true detective." we have hit a milestone in the economy. american companies have shaken off the great recession. friday's jobs report shows the number of private sector jobs is now higher than the pretty recession peak. -- the pre-recession peak. mike mckee is joining me, we should be celebrating? the 192,000 jobs we got friday put us 110,000 over recession peak for private sector employment. in january 2008, it has taken us this long and recover.

. >> that was anya bernstein, attorney for the only person who has been able to successfully challenge the on the no-fly list. the impact on you and other people you personally have been acquainted with who have also been placed on the no-fly list? .> it is very frustrating you feel helpless. no one will tell you how you can gawk -- get off of it. and it has a profound impact on people's lives. big effect on my life, this is one, and so of the reasons why i wanted to come out, was there might be a lot of people that are afraid to speak up. out andnted to come show to everyone that, you know what, you don't have to be afraid in this country and you can come out and speak your mind. we have to come together in order to resolve this best of these kinds of programs and these assorted issues. >> can you describe the other men who are suing? seen his wife and 26 months and we have another plaintiff who has not seen his wife or three small borders for five years because he is on a no-fly list. all of our clients have family overseas -- pakistani american, afghan american, yemeni american. ano

when woodward and bernstein were having trouble with the watergate story in 1973 is possible that story would have stalled, nixon would have continued to be president, that story had stalled and the new york times forced seymour hersh to get on to the store much to his reluctance. not only caught up the time is that got them ahead, wrote stories woodward said without sy hersh we would not have been able to continue our watergate investigation. we welcome sy to this tour. woodward said hersh is like the marines, the first one on the beach, take the heavy hits, artillery goes after him and we all follow sy hersh. he gave us the best look at those george bush administration after the 9/11 attacks. after his book on john kennedy hersh was considered washed up considered to be done over. he had begun to work all little bit on the middle east and then 9/11 attacks happened. he was backing his car out of his driveway in washington d.c. and got a call from the new yorker, and said we know what you're going to be doing for the next year, you are working on the cia the george bush administration

energetic one both industrial and construction waste including rubber and asphalt for adults and leader bernstein the elite the service is allegedly provided by a local mafia charges much less than a few short weeks. this in the shoals the scale of the problem that of the contamination got all these files of different types of trash. on one side of the role of fuel for steely go in just a few steps away. goldfields had been seen similar pictures all across this region. not only toxic fumes from fires that are a major problem officials cost we find the legal underground dumps hidden under layers of fertile lands with cabbage growing on top will source of toxicity line underneath. chairman of the challenges and only in locating these dumps but figuring out the fulls of underground water which also spreads the contamination it's a toxic circle the toxic circle which the party meanwhile ends and the health and wallets of the locals. the only ones who seem to benefit our italian mafia gangs who still manage to get around to the rules you go to school all star team. combine yet italy. that is a boy tho

. >> and richard bernstein from richard bernstein advisors. good to see you all. erin gibbs, a very busy week for earnings. what was it, 150 major corporations announcing this week, right? >> that's right. we've only got about 80, 85 companies reported so far, so this is the main week where we'll see the beats and misses. >> so far, lackluster results so far, right? >> yeah, we've -- this is odd that we're two weeks into the earnings season and we've actually come down in estimates. we started off the season at basically flat, at zero. and right now, the s&p 500 q1 growth is at negative 1.1. so it's very unusual that already about, you know, 20% of the s&p 500 is recorded and we're headed downwards. it's not looking good. >> that's so interesting, rich, because the s&p 500 is on pace for the first five-day winning streak in six months. correction? what correction? it seems to be gone. is earnings season going to underpin this market, or no? >> michelle, add something else to that, as well. many people have pointed out that value stocks are outperforming growth sto

c has been the ceo of sanford bernstein and then smith barney and moving on to city wealth managementrica. in focusing to be back on banks. jpmorgan kicking off the banking earnings season. this friday. we are going to talk about all the issues around banks, which really boiled down to two. regulations and bank pay. how do banks keep their talent? jobskeep leaving for other because of regulation. what i find is profitability of fixed income. just don't understand how you make money in bonds. >> jpmorgan earnings forecast declining 10%. a is it safe to say there is real mystery to friday, you don't know what the banks are going to do? think, again, it will be the focus on fees and fixed income. >> thank you so much. let's get to our morning movers. pfizer, down in the premarket trade right now. pfizer unveiling a new drug to treat breast cancer. it's topped tumor growth for a little over 20 months -- it stopped tumor growth. it will add $3.1 billion of sales by 2020. pfizer needs to come up with another blockbuster to replace lipitor. bristol-myers, etc.. a big deal. >> coming up, aria

josh bernstein tried it out. 90 minutes later he has something delivered to battery park city. it costs a little bit more than standard courier rates but less than rush rates. >> a fascinating business for them. really weird when you think about the competitive sediment. they have taken on taxis and black cars but a revolutionary business model that is being imitated across not just technology but lots of different companies looking at uber. not the place you may have expected them to go next. >> i do not think it is weird at all. if you can get a car in five minutes, you can get anything somewhere in five minutes, why not make delivery the next step? they had delivered christmas trees, kittens. of this isg price $15. it is cap at $30 and search pricing will not apply. we have the general manager of new york, josh more on the with us to tell us more about it. how long have you been working on this idea and how exactly does it work? you can tap a button and get a car, and now you can tap it to get a courier in five or 10 minutes. you will see the courier approach and he will tak

with me evan bernstein with the anti-defamation league. thank you for being here on a difficult day. the suspect, frazier glen miller, yelled heil hitler from the police car after his arrest. listen. >> heil hitler! >> after that is there any doubt in your mind that this is a hate crime? >> i think it's very hard not to start seeing this as a hate crime. it's certainly an anti-symmetric incident when you have two jewish institutions that are targeted, you have the person that is a known white supremacist for over 30 years spouting off his views against jews and other minority groups and obviously what we just heard out of the back of the squad car, i think it's getting closer and closer, i'm sure, to law enforcement making that official claim. >> it makes you sick, doesn't it? >> it does, it does. we put out a report, the anti-defamation league last week, warning institutions about the potential like this. to actually see it happen is such a tragedy for the entire jewish community but specifically kansas city and that jewish community and

his response and reflections from former washington post journalist carl bernstein, sunday night at 8 p.m. eastern. part of american history tv on c-span3. >> for over 35 years, c-span rings public affairs events from washington directly to you, putting you in the room at congressional hearings, white house events, briefing conferences and offering complete gavel-to-gavel coverage of the u.s. house all as a public service from private industry. we are c-span, created by the table -- cable tv industry and your local cable and satellite provider. watch as in hd, like this on facebook and follow us on twitter. >> during this month, c-span is pleased to submit its leading entries in the student cam video competition, this is the annual competition that encourages middle and high school students to think critically about issues. students create documentaries on the question, what is the most important issue the u.s. congress should consider in 2014? the first prizewinners -- from montgomery blair high school in silver spring, maryland. they want congress to take action against water pollut

woodward and bernstein.that is where they got their beginnings and their fame, to sit that way, in terms of reporting. it was a really cool profession to be in. then i saw a president of the united states resign from office. yet when i became eyewitness to just a few short decades later -- in fact, in reality, it was only about twice six years later -- makes the nixon era look tame by comparison. and much of what was actually illegal during the 1970's and terms of government act tvs violating the law became legal. i mention all of that because that is the context in which i came the context in which i was brought up. her mantra is to be a republic for 14 years until he joined the union. in 1791. we have to remember the beginnings of this country and that the first amendment, which i ultimately have to confront after 9/11, what is happening to our country, that it is our cornerstone of who we are as americans. if we don't have the first amendment, everything else becomes propaganda. information control by the

we appreciate the friends of margot bernstein, who made this possible. i learned when they set this boundia up they basically judge kassman to this. they had the foresight to say he would be involved in this whether or not he was in georgetown. they seemed to know what your future was even back then. that has been very fortunate for georgetown. big thanks to judge kassman for all he has done. fors a huge asset georgetown and the government department. they q4 really guiding of fun you for really guiding a fun and stimulating event. i am sure everybody joins me in thanking justice sotomayor. the event has been great. [applause] >> you stay at the front and take a picture. >> thank you, and have a good evening. caller[captions copyright natiol cable satellite corp. 2014] [captioning performed by national captioning institute] >> the supreme court heard the case that will decide the fate asereo. the court is looking at whether those video streams violate copyright law. we will have the oral argument friday at 8 p.m. eastern here on c-span. pledgeddent obama

shares of amazon are sinking, analysts at bernstein cutting price charts. check the buy rating.it pretty good. >> it absolutely should get hit. i don't know if you keep a buy rating, you lower it by 16 bucks? >> well, that's a crazy thing. he does need to adjust. this is their job. >> i don't disagree. all i'm saying is from multiple corridors, they were given the pass by the streets. you have to have the -- >> that's a really good question, to hit you with. there are a lot of questions now finally be -- >> yeah, he's got to produce. they talked about him laying down the groundwork, spending money. >> he got a free pass. but the street right now wants answers, they want products, the spending in china is being spent as well. the money spent is a big issue. >> it seems like that's what's happening with google and facebook, those companies that are extending money, investors don't want to see that. they would rather see the margin expansion. >> if you're making it back in profits. look at google, same exact thing, they are spending for the future to grow. >> what happened with ama

we'll talk to carl bernstein, author of "his holiness" how former pope john ii wasn't a religious force but a political one as well. i'm fredricka whitfield. "fareed zakaria gps "s starts right now. >>> welcome today in the united states and around the world. i'm fareed zakaria. ukraine and asia, start with the two topics that have dom nated american foreign policy this week. first up, i'll ask the president's former national security adviser, tom donnelly, what his intentions are in ukraine and whether the pivot is working. >>> then, we'll look at the next big inter-nate crisis. perhaps the one you will read about in a few months, even. we have the maps and the experts on hand. >>> also, what is the most important economic trend of the last three decades? there is better than even odds that it's you. i will explain. >>> but first, here's my take. foreign policy commands attention when it's crisis management. a street revolt breaks out in egypt or libya or kiev and everyone asks, how should the president respond? these are important parts of america's role in the world, but they are ess

. >> jessie's lawyers at the sam bernstein were on the way to pick up the check when the city haltedhe payment. now jessie's money is halted in bankruptcy law. >> we have a piece of paper, essentially, that needs to be converted into monetary challenge. in the bankruptcy process that's a complex process, unchartered territory for everyone government. >> the task of coming up with a plan for municipal bankruptcy falls to kevyn orr. his job is monumental. >> issues that we are talking about have been coming this way for 60 years. >> kevyn orr puts detroit adds debt and unfunded liable yes at a staggering 18 billion and pushes an aggressive plan of cuts and investments to change that. >> i don't want to do it. i'm here to make the hard call. that's my job. >> detroit had been in decline for years. but it wasn't until the bankruptcies that individual creditors started to take a hit. in every bankruptcy there are losers. in this one some may suffer more than others. under the current plan, police officers and firefighters could get 100% of pensions. creditors like jessie and dwayne get as

we'll talk to carl bernstein, author of "his holiness" how former pope john ii wasn't a religious force but a political one as well. i'm fredricka whitfield. "fareed zakaria gps "s starts right now. >>> welcome today in the united states and around the world. i'm fareed zakaria. ukraine and asia, start with the two topics that have dom nated american foreign policy this week.

leandra bernstein. independent researcher and writer. i have a two-part question. first of all, you continue to refer to us and we. would you not agree that the united states intelligence establishment and the intelligence establishment of great britain are fundamentally different? particularly regarding the history of the u.s. intelligence establishment versus the much, much longer history of great britain's intelligence establishment? secondly, you also referred to the arrogance of the media. well, the way that that -- there is an arrogance to the intelligence community as well, which is also rather insular. the message that many americans receive is an impassioned, emotional, we are protecting you, how could you possibly criticize us? that is the message, without much substance to it, and with a lot of hypocrisy. for example, in our response to the drug trade, and our response to money laundering and these other issues that the intelligence community, chemical weapons, message -- weapons of mass destruction, issues with which the intelligence community ought to

and jared bernstein. jared, i'm going to guess you will say no.gree, because i know we've argued about this in the past that placing all the burden on the rich because they can afford it is ultimately unsustainable, is it not? >> i think so. by the way, it's interesting that you know all of my arguments. i think that's a good sign for you. yes, i do think that the unsustainability that you mentioned is there in the longer term, but you really have to consider the following. if you look at where the growth has gone in this recovery, you know, the economist emanuel size was cited in the "wall street journal" piece that you mentioned. he points out that 95% of the vote in the income in this recovery has gone to the top 1% and very little has gone to the rest. so really the only folks who have been getting ahead over the last three or four years are those at the very top, so while median household income is actually falling in real terms, so i don't think this is the time to think about broadening that burden. i think you have to go where the folks ar

a chart we put together that came from the bernstein report that estimates alibaba could be worth $245green line coming down is the revenue growth rate starting at 66 or wherever we are right now and going down. yes. the overall, the last blue big blue bar is about $19 billion in revenues. get this, on $19 billion in revenues, they have them at 16 or at least he estimates in '16 they will do $9.5 billion in net income. hello. put a multiple on that and smoke it. >> holy cow. >> we'll see. >> again, you know, it will be very interesting. as for what it all means for yahoo! which we've been talking ability all morning which is up sharply, one of the keys that i've been talking about here for probably over a year is whether they can tax efficiently. tax efficiently, sell part of that stake in alibaba that they will retain or either sell or use in some way. asked about it a number of times on their conference call. here's what cfo ken goldman said when asked about the tax efficiencies of selling the alibaba stake. >> we are still looking at it. we are working on it. and we -- we'll continu

joining me now, jerod bernstein, an msnbc analyst., here you have republicans no longer so sure they should run on a repeal obama care platform and now the democrats suddenly have a document they do want to use in their campaigns, and that is the paul ryan budget. >> exactly. you had a good discussion earlier about the sign-ups. well, it is ironic that on the day that we got good news about the affordable care act gaining some momentum in terms of folks signing up, getting coverage, we have this budget that repeals the whole thing, and this is not just the exchanges and the subsidies, but this is the 25, 27 states that have taken the medicate expansion as well. now, by the way, as if getting rid of the medicaid expansion isn't enough by itself, the budget turns snap or food stamps, as well as the existing medicare program into a block grant, which means you give a fixed sum, a fixed sum of resources to the states and tell them good luck, even if there's a recession, story, can't help you. so you're completing taking the anti-recession