this more and to help me do that earlier i spoke to georgetown university journalism professor chris chambers as well as rap artist and activist marcel. i think what we see right now is the embryo of a very broad fightback movement that may have the potential to grow into something larger i initially went to the troy davis rally the day after his legal lynching which took place in union square and i think in large part that's what gave the occupy wall street a great deal of militancy because when we had a spontaneous march from union square to wall street we were brutally attacked by the police and the n.y.p.d. very clearly showed their true colors by doing that by bringing out there were tons by bringing our rubber bullet guns by bringing out tear gas and having absolutely no regard for what was a very peaceful protests so we ended up going down to wall street and we met the folks from occupy wall street then it really showed on the police the fear that they had of people actually organizing so yes i hope this is the beginning of a revolutionary movement we have to organize organize organize

on kind of hipster audience as expanded so now they have the freedom to do this and that was chris chambers journalism professor at georgetown university and that's going to do it for now one i thank you so much for watching and if you want to see more on the stories that we covered that are forward slash us.

georgetown university journalism professor chris chambers thanks so much and rap artist and activist marcel card today in our new york city thanks so much. and it's not just the c.e.o.'s on wall street that seem to be totally absorbed in their own schemes without caring about the world around them it seems to so do many of the lawmakers in washington d.c. members of congress are once again bringing the federal government to the brink of closing over a spending bill now if you're experiencing days all right now there is good reason this is the third time this year that huge disagreement over spending has brought about the government has brought the government to a standstill that was the initial budget battle and then the debt ceiling debate and now this a standoff between the house and senate over emergency funding about three to have billion dollars in disaster assistance for victims of natural disasters in other words money to fill the almost empty emergency account of fema and of the army corps of engineers now one of the main issues here we've got to say the republican led house

chris chambers journalism professor at georgetown university and always so great to have you. so ten years now it was three years ago today happy anniversary that lehman brothers america's fourth biggest bank filed bankruptcy and collapsed under six billion dollars of toxic debt today we take a look back from then to now and ask a few questions first what has changed to who has been held responsible and also most importantly what have we learned and the answer in some cases could be nothing when you take a look at a disturbing story in the works right now today a thirty man thirty one year old man was arrested in london a guy who you could say was a bit of a gambling problem just how much money did he lose while working as a trader at the investment bank u.b.s. just two billion dollars here's a statement this was thanking to put out they say we were glad to inform you that yesterday we uncovered a case of an authorized trading by a trader in the investment bank we have reported to the markets in line with regulatory disclosure obligations the matter is still being investigated

what is going on air well to discuss with me i've got georgetown university journalism professor chris chambers chris and i just think oh anderson cooper we found him you know in haiti in egypt and with. what's happening well i mean in a way this no it's no accident that people are backing away from mainstream media the three networks and the cable networks coverage of supposedly serious issues analysis investigative reporting and looking at you know outlets like our t.v. or or independent news sites on the internet or even social media based news because of this stuff because basically what they're doing is it's this whole forest called brandon handsome and they figure he can go from this hard hitting reporter who's in haiti to a daytime talk show but we're not talking about the same demographics here the talk show demographic there and they don't care about rescuing children in haiti or what's going on to hear square this is a demographic you see the commercials that are played their usual usually trial lawyers or for diploma mills or something like that or if i may be quasar sexist it's a tw

chamber of commerce. >> we rely on the hospitality industry. >> reporter: chris heller is a manager of matchbox chinatown. >> i'm a huge wizards fan. i'm going to miss it if the season is canceled but our business probably won't get crushed. we are going to miss the fans that do come in but it has never been a huge effect us for. >> reporter: perhaps that is white current nba labor dispute hasn't been much of a head line maker. heller says the impact would be far greater if we were talking about pro hockey. >> if we lost the caps season, it would be devastating for us. >> more so than the wizards? >> oh, my gosh, no comparison. >> reporter: david stern says, if the two sides aren't close toon agreement by the coming weekend, he will consider canceling the entire nba season. a cuff break for all those who work at the verizon center. >> on any game night, they probably have 200 people working that game. that is significant to put 200 people out of work for 40 nights. >> reporter: to think the wizards tried to generate some interest in the team with those new-look uniforms they showed off just a few months

mean for the future you and me to discuss this is christopher chambers lecture at georgetown university and author of the blog their bench chris thanks so much for joining me tonight these are this is this is bad news obviously the america has an increasing lower class more people are in poverty more than forty six million of them but if we look at society today if we look at our political culture there is a lot of legislation that's being discussed about reducing our deficit about creating jobs supposedly do you see anything that actually is going to tackle poverty i don't move i don't think so because we hope you have a congress but you could be republicans who are trying to rude not only the city for you know basically not need to see you know that it would present a.

for the future joining me to discuss this is christopher chambers lecture at georgetown university and author of the blog and at her ventures chris thanks so much for joining us tonight these are this is this is bad news obviously the america has an increasing lower class more people are in poverty more than forty six million of them but if we look at society today if we look at our political culture there is a lot of legislation that's being discussed about reducing our deficit about creating jobs supposedly if you see anything that actually is going to tackle poverty i don't know i don't think so because we have you have a congress particularly republicans who are trying to erode not only the city. basically not need the safety that they were president who's still trying to find his way and the private sector of the city the amount of cash and not doing anything with it and you have a huge portion of the government the defense budget that's actually an employer of last resort for a lot of these people they might get their budget cut so that what happens then when you have a. media that's complicit in all of that that's really s

chris matthews back in washington. leading off tonight, the president's speech. in just two hours, president obama will make his way into the chamber of the house of representatives to tell congress and the country how he will create jobs. the president's plan has a big name. the american jobs act. but will it be big enough, bold enough to turn around the economy, and with it, his presidency? on this first night of the new nfl season, by the way, will the president throw the long ball or keep it taught and go for three yards in a cloud of dust? thus, and plus -- the one thing everyone seems to agree on about last night's debate. it's now a two-man race. perry versus romney. "the washington post" ezra klein breaks it down like this, mitt romney looked like he had already won the republican nomination. rick perry looked like he will win the republican nomination. michele bachmann looked like she was beginning to realize she definitely would not win the republican nomination. but the surprise of the night, rick perry's doubling down on social security at a ponzi scheme. and a monstrous lie. it may win some tea party support, but can y

chris matthews in washington. welcome to a special edition of "hardball." it is now 7:00 eastern time and president obama is just moments away from entering the chamber of house of representatives where he will tell congress and the american people his plan to create jobs. as we wait for the president >> we will have an update on the reportedly quote, credible specific but unconfirmed terror threat on the united states. around what is, of course, the tenth anniversary of the september 11th terror attacks and the latest on the massive power outage in parts of arizona and southern california primarily in the san diego area where more than a million americans do not have electricity at this hour. both of those things happening and breaking in terms of news relatively recently. an enormous amount of news tonight political and otherwise. but we begin as we must in washington, d.c. when a president addresses a joint session of congress, it's usually for the state of the union address. only very rarely do presidents ever ask congress to address a joint session for something other than the state of the union. before tonight, president obama had only done that once be

chamber of commerce. >> the district of columbia relies on tourists and entertainment and the hospitality industry. that's a big revenue generator for the district. >> reporter: but the wizards aren't what they used ton. chris heller is a manager of matchbox china town. >> i'm going to miss it if the season is canceled, but or business probably won't get crushed. we'll definitely miss the fans, but it's never been a huge effect. >> reporter: perhaps that's why the current nba lane dispute hasn't been much of a headline maker. helle says the impact would be -- heller says the impact would be far greater if we were talking about hockey. >> if we lost the caps season, it would be devastating. >> reporter: the nan players union and team owners are scheduled -- the nba players union and team owners are scheduled to resume face to face negotiations tomorrow. commissioner stern says if the two sides aren't close to an agreement by the end of this coming weekend, he'll consider cancelling the entire nba season, a touch break for those who work at the verizon center. >> they probably have 200 people that are working that game. that's significant to put 200 people out of work for 4090s. for 40 nights. >> reporter: to

chris matthews in washington. welcome to a special edition of "hardball." it is now 7:00 eastern time and president obama is just moments away from entering the chamber of house of representatives where he will tell congress and the american people his plan to create jobs. as we wait for the president with, i'm joined my lawrence o'donnell, rachel maddow, ed schultz and reverend al sharpton. reverend al was just introducing the cabinet as they were coming out. they are joining the president. there is timothy geithner. rachel, we have a couple of moments to talk about this as the president prepares to come in here. i guess the question i think, and i go back to his action. words have been spoken for three years. i think people want action. can he make congress act? >> i think that president thinks that he can make congress act. if he calls them on things they have already said they are in favor of. when we saw the first stimulus act, chris, just a few months after the president was inaugurated in march of 2009, that was about 2/3-1/3 spending to tax cuts. what is the overall ratio tonight? is it more heavily weighted towards tax cuts? if it is, i think we can