what bill simon said, he was in charge. he said, they won't give george mason two or three million dollars and let you live off the income. you may die or move, and they'll hire a marxist in your place. what we do, is keep the endowment at the olin foundation. we send you the income each year. to the base at george mason university. all that we want from you is an address. one of my friends, i was explaining this to one of my colleagues and he said, this is not really a chair, this is a wheelchair. it goes wherever you go. i was a free-market person, a free-market economist and they were very satisfied with me. >> unlike most foundations, this shutdown? >> bill simon told me, he said that old man olin made him promise that the people he appointed to the board of directors, that the foundation would not exist beyond the lives of the people that he put in charge. and the reason why is because there is the mission dressed, that rockefeller and ford and carnegie, and pew, the great man who made huge amounts of wealth, they woul

what matters about bill simon is he sends e-mails to "fox news" d.c. staff telling them this is how you should print the health care debate. send e-mail to the d.c. staff saying this is, you should call the president a socialist. we done in gauge and, we don't dig into people's personal lives. >> my name is oscar. just i want to speculate with you, we could agree that fox is a successful network. >> yes, i mean look i think in the book we say, we credit -- do you have to give ailes credit for being one of the best television producers of this age, television news producers. he has success after success with the mike douglas show and fox. we don't doubt their financial success. we are talking about ethical and journalistic failure. >> my question is, pretty much if you look at any aspect of history, the nazi party, it was enshrined in it populace that was, that kind of agreed to by and large this type of mindset. i am trying to say, would it be possible that fox and mr. ailes are producing for people who, whether we at re-or not, the mindset is the popu

and matter of fact, bill simon told me. he said that old man olin made him promise that the people that he appointed to the board of directors that the foundation would not exist beyond the lives of the people that he put in charge. and he said the reason why, he says, that there's mission drift. that is, he said that rockefeller and ford and maybe carnegie and pew, they -- there's great men that amassed huge amounts of wealth, they would be -- they would be rolling in their graves if they knew what the foundation was doing with their money supporting all kinds of causes, anti-capitalist causes, by the way, that they would never, never accept. and so olin thought that a good idea would be for the foundation not to exist. rather than risk this mission drift. >> so, did the chair dry up, then when the foundation shut down. what was it, 2005? >> yes. 2000 -- yes, 2005. one of the deals they made with the -- with the university is that since they paid my salary, my -- they -- that -- my salary plus my secretary and assistants,

sold us that simon & schuster paid $8 million or $9 million for the auto biographer, did simon & schuster publish bill clinton? >> no. >> he was paid similar, $10 million or $12 million. but. >> if he was paid $10 million his books earned out $10 or $12 million. he was an astonishing, huge best seller. ronald reagan was not. >> you told us he only sold 22,000 copies. >> i won't vouch for that amount but it was disappointing. >> what sold the bill clinton book and why not ronald reagan? >> well, for one thing bill clinton wrote his own book and is an extremely clever writer and a good writer. that, by the way, is notten common among presidents. grant's memoirs is probably the most eminent work of literature in a nonfiction field in america. it's by any definition as much of a classic as "moby dick" is in fiction. ike's story of the second world war is to my mind one of the best written and certainly the most fair minded books about the second world war that anybody has ever written. >> did he write it? >> he wrote it himself. absolutely wrote it in long hand. i know that because his editor joe barnes i

if you remembered an ill tempered reporter named bill sor zi in the fictional sun nusz room, that was he. he and his partner david simon are developing a mini series for hbo about the volatile events surrounding a federal public housing desegregation case in yonkers, new york, in the '80s and '90s. the two are also at work on a book about the rise of the drug culture in baltimore using pennsylvania avenue and its habit ways as a vehicle to tell the story. i would say we're in for aeveni. it's my pleasure to turn the microphone other to my dear friend from "the afro" john. john? [ applause ] >> good evening everyone. can you hear me? make sure the sound is up all right. i guess for all intents and purposes, i'm your captain this evening. so exits are in the back and on the side here. if we loose pressure, masks will fall from the ceiling. my name is john gar trel. i'm the archivist at the afro american newspaper. i have been asked this evening to be the moderator for this illustrious panel. hopefully, not only will i learn more about the topic of study that will be discussed this evening, but you will as well. we hope t

bill clinton. also tonight, grammy-winning singer macy gray is here. her new album features cover songs from radiohead to nina simone. glad you could join us. >> every community has a martin luther king boulevard. it is the cornerstone we all know. it is not just a street or a boulevard, but the place where walmart stands together with your community to make every day better. p helenifhapp help happens in neighborhoods. learn more. >> and by contributions to your pbs station from viewers like you. thank you. captioned by the national captioning institute --www.ncicap.org-- >> dr. mark hyman is a family physician and best-selling author, whose latest text is one of the most talked-about books on the subject of health and weight loss. it is called "the blood sugar solution -- the alta health the program for losing weight and feeling great now." the book sits atop "the new york times" best-selling lists at number 1. what you make of the fact that this country is so obsessed with weight loss? i say weight loss as opposed to dieting. obsessed with weight loss, as evidenced by the fact these books continue to sell. what y

bills in congress calling for closer coalition between the out and israel. >> the bay area is hours away from an historic visit by israeli president simone peres. the first time an incumbent israeli president has visited california. the trip will be tech heavy withvisions to google and facebook. peres wants to connect with young people to advance the cause of peace in the middle east. >> the monterey asquare annual announced the death of a sea otter. she was the first outer to serve as a surrogate mother for stranded pups. officials say she was the most important nil in the history of the sea otter exhibition. >> he trashed a colleague who testified before congress, now rush limbaugh see his is sorry. >> disney land shut down because of a piece of paper. >> your tweets could be up for sale. the new deal tweeter is offering to offload old tweets. >> leigh: wasn't this a terrific day? sunny, mild, beautiful visibility out there. we're going to have one more nice day, and then things are going to start to change around here. we might even see some sprinkles. we'll check out the seven-day forecast com honey...? [ mom ] yes. honey, i can't find my i

bill. >>> ben bend on jobs, chinese profits tumble. nimble fingers and big business go together. your business head liechbs are straight ahead. >>> was it pateback for his nasty moments on stage? simon cowell faces a crazed intruder. >>> come willing ing up, knicks of their starts, tebow takes new york and when is a tie really a loss? you're watching "early today." >>> welcome back to "early today." here are some of your top medical leans today. american support for the war in afghanistan has dropped shortly. 69% of americans say the u.s. should no longer be fighting in afghanistan. that is up 16 points since november. >>> a wind-driven wildfire has killed one person, destroyed an unknown number of homes and forced mandatory evacuation of 900 houses in the foothills and canyons west of denver. the blaze which also forced the closing of some roads in the area is believed to have been ignited by embers left over from a preventible controlled burn last week. >>> dominique strauss-kahn has been given preliminary charges alleging he was involved in a french prostitution ring. the former head of the international monetary fund denies the charges. >>> a year after japan's earth kwaing and

simon cowell's home. he described it as something out of a horror movie. >>> finally casting news. jane fonda will play first lady nancy reagan about a long time white house butler. who played bill karins in the story of karen cairns? >> somebody that doesn't want to get paid a lot. >> send us a tweet. this is "first look" on msnbc. stay tuned because "way too early with willie geist" starts right now. >>> today is the day at the supreme court when the men and women in the black robes will hear arguments for and against the individual mandate at the core of president obama's affordable health care act. the question is can americans be come foeld buy health insurance even if they don't want it. >>> a "new york times" poll tells the story of an american public increasingly exhausted by the steady stream of bad news out of afghanistan. now seven in ten saying we should not be fighting there any more. the question is will public opinion for the president's hand in expediting the withdrawal where it's been sfo iv 1/2 years. >>> tim tebow meets the new york press, introduced as the jets new back up quarterback. the question is, how long can

bill that helps business startups and the jobs act does just that. >> wrong again, bob, it doesn't do that at all. in familiarity, here is simonalking about it. he used to run the international voluntary fund. he was the chief economist for that. so you know he's a real expert. quote. any smart inning investor will want to be better compensated for investing in a particular firm, this raises not lowers the cost of capital. the effect on job creation salt lakely to be negative, not positive. understand why he's saying that, is what this does is it makes it easier to commit fraud, because they are loosening regulations through n ron and they are taking it way. even some of the safeguards we had during the great depression are take that go away too. it makes it easier, what simon johnson and many others are saying, if you make fraud easier investors will be his s less licklikely to put money in our market because they are more lake to get ripped off. now that you know the beings facts listen to john bader and his interpretation. >> this bill will help small businesses, jump start them, provide access to capital. another one of ou

bill on trial. it seemed to split the court right down the middle. it was just electric in that courtroom. we'll have the latest from washington. >> electric is the right way. new details for simon powell. a woman breaking in, and coming face-to-face with the star in his own bedroom. >>> let's get right to the latest on the airline captain in the midair meltdown. there were a lot of heroes on that flight. and new details have been coming up all night. abc's jim avila is in washington. >> reporter: good morning. the pilot who threatened to take down his jetblue plane over texas is now in fbi custody. after what law enforcement officials described as a panic attack, but to passengers sounded like this. >> i'm so distraught. oh, we got -- we got israel, we got iraq." >> reporter: this cell phone video shown on cnn captures stunning video and odd yes. jetblue captain clayton osbon in midair frightening passengers. >> we're gonna get --" >> reporter: yelling threats, invoking al qaeda, warning of a bomb being being subdued. eventually carried off a plane into a waiting ambulance. this morning, abc news is learning more about the veteran pilot now under observation in a texas hospital

simon, it's a collectible, essentially. you might say it's a store. but, you know, having a $100 bill is not an investment.your hand. i am not a gold fan. i don't think it's an investment, it costs money to keep it, to store it, to insure it. if things get bad and i need to buy food and water, ammunition, guns, i don't think people are going to trade me for my hunk of gold. >> if things got really bad, i reckon a hunk of gold might go easier than a $100 bill. >> it might do better than $100 but if what i need is canned food and bottled water i don't think anybody will get any of those things for gold. this might be one of the situations where investment idea or a product or a commodity makes the front page of the newspaper and that means its time has come and gone. >> let's hope it doesn't come to that, scott. thank you very much. scott nations joining us live there from chicago. >> gosh, i hope not. >> we'll need to buy more leather pouches to carry all the gold coins, right? like robin hood. >> all your possessions in a handkerchief with a stick over your back going round. because things are bad, you kno

, i bring this up because simon johnson, the former chief economist at the international monetary fund, the i.m.f., recently wrote that -- quote -- "with the so-called jobs bill, congress is about to make the same kind of mistake again as in the repeal of the glass-steagall act." i urge my colleagues to take these words seriously. unless we do this in the right way, future members of the senate will be standing right here lamenting the fact of what we did in a hurry to follow the crowd. fortunately, mr. president, there is an alternative way to make the reforms that are necessary to allow small businesses to grow without jeopardizing our financial markets and hurting consumers. as s.e.c. chairwoman mary shapiro wrote in a march 13 letter to senators johnson and shelby -- quote -- "i believe there are provisions that should be added or modified to improve investor protections that are worthy of the senate's consideration." the substitute amendment offered by senators reed, levin, landrieu includes these important reform provisions. let me list a few of the things the substitute amendment would do. first, the house bill would allow companies to advertise risky,