c. investment research in our sis at citi bank ok chris i'm going to start out with you gentlemen let's all talk about the volatility in the world let's start with the eurozone. where is it going is there any end in sight and if there isn't in sight what's a outcome no i don't think that's what we're not expecting to see any you know short term solutions clearly this is a very extensive problem and it's going to require you know a substantial year or wait you know solution so i think you know obviously to the summer months we expect to see some perhaps some temporary stopgap measures but it's only been started that is for two years it's going to keep going like that i would think you know we are now at the point where there has to be something much more radical we will need to see the banking system in europe for example provide provide it with some substantial trillion euro or backstop for example because that's the big threat to all of this is that if you do get a default and leave these countries there you start to run again because my default and second of all what do we do you thin

russia's answer to silicon valley has revealed a further thirteen signing up for g c four pricing offices says investment is coming from both big and small plates. on one level we've already attracted commitments from for example cisco of one billion dollars to invest in chicago on a smaller level one of the big pharma we've also attracted forty million dollars to invest in venture funds plus one hundred million dollars to invest in setting up an r. and d. center for clinical trials at skolkovo and then on another level in the venture capital we've attracted four funds collectively which i have committed financing to go finance with us about forty million dollars as well so give you a range of the type of partners we're working with from the very large commitments to very important commitments on the venture side as well our goal is to match one hundred percent potentially twenty percent of the finance that we receive from the russian government and i think we're on track to doing that we have to keep in mind the scope of it is about thirteen months old and i think we've made some very decent progress so

country that is urgently seeking to grow its economy, health minister engang says industry should invest inçbe done only by the government. and cannot be done only by the minister of health. so we include all stakeholders. we ask participation from industries, from civil society as well as from the communities themselves. >> reporter: in the meantime, drs. irmansyah and syafari will continue their work of educating people about the benefits of modern medicine. it is their hope that by 2014,ç indonesia will be rid of places like yayasan galuh and all cages and stocks that restrain the mentally ill. >> ifill: ray's next report looks at indonesia's surging economy and its mounting corruption problems. >> woodruff: next, president obama declared today thatçç progress is being made on the debt and deficit negotiations with congressional leaders, but there was scant evidence to back up his claim. "newshour" congressional correspondent kwame holman reports. >> reporter: the president made drew a line in the sand as house republicans prepared to vote tuesday on their own debt reduction plan. tea

invest in things like education, to protect vital programs. so i've already said i'm willing to cut spending that we don't need by historic amounts to reduce our long-term deficit and makeçs future. i'm willing to take on the rising costs of health care programs like medicare and medicaid to make sure they're strong and secure for future generations. but we couldn't reduce our deficits by cutting spending alon i'm andrea mitchell. we lost that feed from the president. we will have more later. the debt ceiling deadlock continues. a divided congress shows no sign of compromise. nbc's luke russert covers capitol hill. luke, right now we've been briefed on what the republican plan is. let's go there first and then tell me what the democrats are offering. >> sure, andrea, a lot of moving parts up here on capitol hill. first speaker boehner offering the following plan we heard from the gop aide familiar with the situation that the plan he's going to introduce to his conference today at 2:00 p.m. will look as follows. immediately there will be a $900 billion raising of the debt limit that would be contingent of $1.2 trillion of spending cuts. this meets one of the gop m.o.s is

money's worth c&s investment? in thisy's worth investment? guest: absolutely. christina romer says the financial shocks were three times greater than a great depression, and we would have been in great depression without the work we did in congress and the federal reserve. preventing a crisis in the future is well worth the investment. to calls foret carolyn maloney. here is coverage of it in this morning's "washington post repair, if you would like to talk about the debt negotiations, we will take those questions as well. let's begin with maryland, a democrat there. caller: good morning. it just like the housing crisis, -- just like the housing crisis, to you think they are short or long -- going sure our long -- that covers them anytime from midget from preventing betting against our country? host: concerns about short- selling. guest: they have not put in rules to limit short-selling. i think they should. i think in order to bet, you have to have skin in the game. right now, you can bet against your country failing, your neighbor's barn burning down, and i f

c is capital itself. basically, how much of yourself had the-- how much capital haveu invested? if you are a startup, and generally, 30%. if you are an expansion, you are looking to expand your restaurant, that is generally around 20. the fourth c is capacity. capacity is pretty important. that is the ability to repay your loan. if we are going to be looking at a debt service, we look at a percentage of 1.25. for start-ups, we like to see startups near 1.25, generally closer to 1.5. the fifth c is collateral. i will put it to you this way. on a startup, we like to say 25% to 30% in the form of cash or real estate that has fungible equity in it. a purchase of real estate will count as collateral. pretty much, at wells fargo, we have this process streamlined. i am the front end. after i review the alone, i put it together, put it into underwriting. they will review the file and see if there is a loan file. then you have the of loan) who works with you through the end. so the average time for a 7a loan, which is my focus, about 35, 45 days. if there are other things that need to be

propensity to proclaim their desire to get us out of the middle east while escalating and investing war in oil-richçthat we depend on or energy resources. our specialist today, an award-winning journalist who spent four decades coving terrorism, turmoil and most recently the drive for democracy in the islamic world. her new book "rock the casbah" documenting you new counterjihad. we welcome you to the conversation. tell wlaus a countergee shaud? >> the most important wave of empowerment in the early 21st century. we soo it play out in the uprising across the arab world but also happen kind of culture change, ridiculing extremists. plays out among playwrighting and poets. lots of things happening that reinforce the idea that it's time for the geriatric autocrats to leave and reflects the rejection of violence and extremism as a way to evoke change. >> i have a question for you. when you look at something like egypt and look at some of the other solutions going on in that part of the world, how much la to do with economics? i mean we know in the leadup to the egyptian revolution, you had literally tho

g c media which is now one of the largest entertainment empires in russia and the value grew from fifty million when he invested in the business to over three billion right now because russian middle class grew and advertisement trades grew so it was investing in those kinds of businesses in telecom sector in other. sectors that have been successful in russia and that's why the president in the. bank supervisory board decided to pick me for this position you promised profitability of the investments in russia up to you and you twenty percent but how is that possible if the growth of the russian economy is not more than ten percent is it isn't it a contradiction you know we believe that leaders of the russian business and lived in business in russia will grow dramatically and if you look historically at how much value has been created in russia in the billions and billions of dollars of value in leaders have been growing at thirty forty fifty percent in russia so we'll be focusing on those lead in segments on some of the lead in businesses which will have two principal types of investment there will be an infras

invested so much trust . you're watching the weekly here on our c it's good to have you with us now among the stories of this week are greece that out a sigh of relief after long talks e.u. leaders finally agreed on how to help the country avoid defaulting on its debt athens will now receive a new bailout worth an estimated one hundred and nine billion euros the plan was agreed upon after greece approved on severe austerity measures sending thousands onto the streets and protest the rescue will also involve lowering interest rates on death and extending the repayment period the package also doubles the time given to bankrupt portugal and ireland to pay back their own loans meanwhile spain which has the highest unemployment rate in europe in the euro zone rather saw thousands of protesters converge on madrid on saturday they camped out in the city center after marching from across the country financial journalist patrick young says bailing out failing a condominium is no help in the long term. i think it's going to prolong the agony of unfortunately like everything we've been looking for for weeks we want to

the no berth schloesser few hundred kilometers east of moscow gas c e o of ball under some says it's part of a three pronged investment program. first we are very happy to have been picked up for a concert by me for a drink before during and that requires of my basement so it can all be we want you knew what was program some of it is already on the door paid for for working on the next generation goes up. ok let's hear after there's some more business news unless someone else time say that's. twenty years ago in large this country it's going to certain places. which have been trying to keep each began a journey. where did it take. the close up team as being to the republic of north of sichuan where half of the area is occupied by nature preserve. this time are cheap goes to the region where men flock from all over the world to add a few centimeters to their self-confidence where young families are not hesitant about having a senior citizen in their family and where one man's utopia turns into a real village of the shining sun welcome to the cool gun region. russia blows up on r g. m spending a year in iraq is no true

investing unleashed. bill bhilt personal story segment tonight, c ment lieu ease was arrested while protesting outside thete house. it all has to do with immigration. he joins us from washington. what exactly were you protesting and why did you feel you needed to be arrested? >> i met with the president last september. he said we there is no way we are going to make any progress on the immigration reform until after the next presidential election. we won't be able to advance that cause. it's time for you, mr. president to use prosecutorial discretion and at least help groups of immigrants that you can, starting with the dream kids, young kids that have come here to this country, american soldiers whose wives are under orders of deportation, american citizens and their wives and their families. i said, you know, maybe it's only a million, a million and a half of the 12 million it's a good start and he simply said i will not use the prosecutorial that i have to help those people. he made a pretty big promise when i was campaigning with him in order to get the votes of a lot of people who care immensely abou

it's investing with intelligence and cold hard conviction. heçhat feeds her. and help movement is her into a big fancy new house. that's our con job of the day. bachmann riles up tea party by slamming the government's involvement with mortgage companies. fannie mae and freddie mac. >> start with freddie and fanny. these failed nationalized mortgage mon stros its would be put on an auction block and sold to the highest bidder. minimum bid, 50 cents. >> but without fannie and freddie, bachmann couldn't have bought her 5200 square foot house on a minnesota golf course. washington post huff reports balk maen and her husband signed a $417,000 mortgage in 2008. backed by either fannie mae or freddie mac and they have steadily attacked freddie and fannie ever since. >> there is an assurance that this would be the back stop for feddy and fanny. that's part of the problem. we want to see freddie and fanny put on the auction block, divide up and sold off. >> this is not the first time bachmann tried to have it both ways when it comes for government spendin

c. and most reliable partners in this country and i think government is making major initiatives to improve investment climate some russia so providing this capital to share risk because investors not give them any guarantees but be their partner and core investor long as there is a basic idea behind the front so q deal with dimitri you have the russian direct. spotlight it was you that continued essentially to we take the break so stay with them. i am observing nature and discover its music. and the communicate with the wind only until that. test yourself and become free from going to see what nature can give you a nazi for. forty two thousand american style each year car accidents will be a thousand. seven hundred thousand people murdered and thirty two thousand will kill themselves cancer in all its forms kills five hundred sixty thousand of us here part is easy the more devastating it chills over eight hundred seventy thousand americans every year. i am a. commission free critic should free cruise for churches free from richmond free is free. to child free. old free volunteers wanted videos for yo

comfoable i environment in which jobs are is created, which employers feel comfortable in investing in the future c and buying plant equipment and putting people toh work. cnent: and so, while its kites, catherine dies today, we need to make certain we don't forget itd might be the fourth component, grow theoe economy. in my view, that means a tax can code that is 13, fair, and it al doesn't change, that isnvironme something that a business person, family can rely upon. it's also regulatory environment that allows businesses to have the opportunity to grow theirssc business. the most common conversation i had with a business owner andioi wnsas, walked into aenator, business that manufactures agriculture equipment in my state, the most common conversation i had how the senah what next is government going to do that puts me out of business? if that's the mindset, how do we reach the cinonclusion they had the faith in the future tofinail invest in the plant equipment we need to make certain that oua financial institutions particularly community banks ar. not hamstrung by significant regulations that d

c. and. january one thousand nine. hundred tests. what turns out to be the starting point long term research. tests justified an enormous investment to build new equipment new missiles new bombs the laser megajoules and you aircraft so everything is being updated to between now and twenty twenty. only interesting things that results from countries like the united states and some of the other western nations in developing new nuclear weapons that it excites the interest in countries like korea and their round who want to draw in the nuclear club. two thousand and six is a landmark year the united states the united kingdom france russia and china all we invest in their nuclear arsenals the message is clear it is necessary to their security on the other hand the same countries keep telling non-nuclear nations that acquiring nuclear weapons is illegitimate leaders would be fooling themselves if they think that this type of system can continue we are still living in the system that emanates from the end of the second world war five countries in the security council have special powers and it's even more problematic that these five coun

. >> the bay area got a c grade for infrastructure, san francisco mayor said he's supporting a bond on the ballot to invest $248 million in road repair autos streets of oakland maying bumpy but they're a little safer tonight thanks to generosity of a hometown corporation. the clorox company today donated $50,000 to the police department for 30 new tough book lap tops for police vehicles from motorcycles to squad cars. the mayor said it was a top request by oakland cops. >> the police officers today use their notebooks to check on data, looking at gps information, to quickly run identification checks on people. and it's really -- their number one tool. >> the city needs another half a million dollars to outfit the fleet. the mayor hoping other local corporations will join color yochl. >> still head tonight at 6:30, countdown to crisis. the house postpones a crucial vote as the clock tick downs towards a deadline on the desk. >> 70,000 construction workers out of work because of an airport deadlock. tonight the appeal of a local man whose now unemployed. >> and drug agents launch a full court press against i

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unleash your investing and trade free for 60 days with e-trade. >>> welcome back toç "hardball" no norwayo mourn the people killed in a massacre in a summer camp and bombing outside an oslo government building. this morning, breivik appeared in court pleading guilty to the murders and saying in court in his 1500 page manifesto, his goal, save europe in muslim immigration and influence. brian levin from the study of height and extremism. i used the phrase earlier in the program about a different topic. if you came from another planet and tried to explain the horror this past weekend, how would you explain the motivation behind it? >> well in a couple ways. first we have to look at the idiosin consideratic. this person considered himself a warrior. and folks who have prejudices who consider themselves warriors will stop at nothing. but i think there's something else. i think what he's hit on is he struck a vein throughout europe. that is, this tremendous growth in islama phobia which is in response to a real feeling against multiculturalism and the precipitous increase in muslim populations

treasuries or there's there's no safe investment left in the united states because we've got a balanced budget. zbigniew brzezinski had this to say the other day mr b. c. well i don't want to i don't want to be a prophet of doom about it i don't believe that we're approaching. but i think we're going to slide into the intensified social conflicts social history that some forms of radicalism it's just going to be a certain so this is not just society this is amanda we're now the most unequal society among the o.e.c.d. countries with the most developed countries of the world. are we on the brink of a disaster should we be looking at redistribution of wealth. and frankly i don't see any evidence of that to you i do see the rich getting richer actually seen any evidence of major civil unrest of radical islam because wealth inequality and if anything if there is any quality then let's let's focus on bringing the poor people up and not bringing the wealthy down why would we want to lower the bar so their sizes zero sum game smartness i mean i think that that right now there hasn't been too many signs of social unrest but when people are pushed further into

british house of commons investigation that will include the investment -- the testimony of robert murdoch and his son alive on -- live on cn.org, c-span3, and replays on c-span1. he will testify along with his son. we will take a short break. when we come back, the issue of how safe it is on the u.s.- mexico border and some other issues on c-span a radio. here is a preview. >> beginning at noon, c-span radio repair is the five network tv talk shows. the topics today include debt negotiations, the budget, and presidential politics. nbc's "meet the press," director of the white house budget office. republican senator jim demint and assistant majority leader dick durbin. at 1:00, "this week," and another appearance by the head of the omb and minority whip, senator john kyl. at 2:00 p.m., chris wallace talks to herman cain, jim jordan, and the leading democrat on the budget committee, chris van hollen. again, omb director, lindsey gramm, and former new york mayor rudy guiliani. at 4:00 p.m., "face the nation" with bob schieffer, dick durbin, tom coburn, and marco rubio. is are brought to you as a public service. they begin at

very c cse to -- obviously he wants to stop this from going to a mistrial. at this stage so much has been investedd obviously be a shame for both sides. >> that would be horrifying for everyone involved. yes, that's right. you saw the attorney there, jeff ashton, snickering which caused the courtroom fireworks, so to speak. >> not appropriate behavior. >> definitely not. obviously a little too close to the details there. >>> coming up this half hour, july 4th is truly a special day for the last vietnam war draftee serving the country. this military man who didn't want to go to war 40 years ago looks back at his military career. it's a great reminder of our men and women serving overseas. there are so many of them. >> absolutely. he is an amazing guy. and very active fitness too. he actually did a number of marathons, believe it or not, in his military career. >> nice. >>> later on, looking back at independence day over the years and how it is so important to american culture. a historical look back at part of our nation's history, if you will. >> i like it that you're an american too. this is your

c-span2. >> the house is going to be returning now for votes on two measures. a vote on approving the journal of the previous day and a vote on how church pensions investments are run. we will have live coverage of the u.s. house on c-span. just a note -- according to the associated press, president obama says the two sides are making progress on talks aimed at clearing the way for an increase in the debt limit. we should see a bill on the house floor tomorrow. the white house is threatening a veto of that plan, backed by the tea party, that the government borrow another $2.40 trillion as congress adopts the constitutional amendment to balance the federal budget. the house speaker is calling that threat unfortunate, and he says that he shares -- it shows what he calls obama's unwillingness. votes will be taken in the following order. the motion to suspend on h.r. 33 and approval of the journal if ordered. the first electronic vote will be conducted as a 15-minute vote. the remaining electronic vote will be conducted as a five-minute vote. the unfinished business is the vote on the motion of the gentlewoman from illinois, mrs. biggert, to suspend the rules and p