corn is consumed by s. but it's also consumed by cattle, by pigs and it's also made into corn syrup. it's made into corn oil. it's made into ethanol and other nonedible products and soybeans, the same thing. soybeans are consumed a lot by poultry. poultry no longer trades. there has been appointed time when chicken futures traded and turkey futures traded just in time for thanksgiving. but poultry is the number one consumer of soybeans. at the same time also dairy cows need -- and just like we have that corn and cattle hedge there are also experts who recommend putting together soybean futures against publicly traded companies that specialize in poultry production like pison -- tyson. again they are used nonedible products. it's important. traders bet on what you eat and what your food eats map two. secret number four and five. okay, think for a moment about how incredibly maddening it would be if you and to the supermarket and the prices of coffee bounced up and down the same way they do on the commodities

here is the change in high fructose corn syrup and the change in sugar. this comes from the corn refiners association themselves. they say, it is just a substitution. we are taking something that is cheaper and substituting it for something more expensive. not quite. if you look at the 73 pounds per year here back in the 70s -- the 1970s, this is missing something. does anybody know what is missing from this slide? juice. juice is sucrose. that is sugar, as well. we started making jews like crazy. anita bryant, a day without orange juice is a day without sunshine. that is because jews could be frozen and stored. it became a commodity. fruit is not a commodity, but fruit juice is. here is juice. in fact, we consume right now 120 pounds of sugar per year. the question is, is that over our limit based on the american heart association, based on the analogy with alcohol? we are way over our limits. the question is, is that what is causing the disease? the fourth item -- back in the late 1970s, we were told to go low-fat. why? in the early 1970s, we discovered

>> corn distillers. they take the corn and they distill it down.his is what's left. >> right. >> we fed this for about 12 years now. >> how is the price of this changed? >> this has gone up from $20 a ton to $300 a ton. >> rod johnson told me yesterday it was $435 a ton. >> wow. it's already gone up another $135. >> yeah. >> that's a lot. >> the cows are pretty hungry. >> there's a big nugget. >> they go right up. higher corn market, less income in our pocket, less income, high expenses, you're not in business very many years. >> see, i'm intimidating. that's what it is. i'm so scary. it being so hot here, how did that affect the water? >> generally we have dams, but -- >> wow. >> -- this year dams were dry. completely dry. been dry a long time. >> right. >> we're in the bottom of -- it's a man-made dam. you can see the line of dirt up here on top. >> normally is it filled all the way to the top? >> taller than the pickup. >> wow. >> we should be completely under water. >> how many of these do you have on your property? >> close to 20. they're all

is the second largest corn consumer and they turned out one hundred eighty thousand tons of corn since mid november so china doesn't want our g.m.o. tainted corn shouldn't american consumers have the right to say we'd like to know what's in it to. do with the reuters story that has everything that you said that analysts were were saying that it had more to do with trade disputes it was china throwing its economic weight around absolutely and even if it does even if it is about geo china is simply wrong i mean the broad consensus is that. we modified food is safe and it is the most effective way to address hunger problems in the world so shouldn't people have the right to know what's in there for sure i have no problem with people having knowledge about what's in the flute i have a problem with the government imposing their basis for whether or not this is valid and in fact we don't mind using words i know to shatter your illusions but we don't live in a world where where you can walk out of the store and you can say to the grow sure we're just i didn't corn from yes we do and the groce

means less corn. that could be painful. this is the corn price throughout this year.y hit by an oversupply of corn. out is when the epa sent its new proposal, continuing to put pressure on the corn price. an agricultural economist at purdue university said it was ethanol and the emerging market demand that had been the 2 pillars or the growth of the corn industry. now that debate has shifted. no longer for growth, but for farmers to keep what they have. it is continuing to keep pressure on corn prices. that means farmers cannot sell their products for more money, and which has ripple effects across the fertilizer and equipment industry. >> coming up, he is known as dr. doom. -- we willbeanie tell you where he will be putting his money now. warren buffett is everywhere in your life from your kitchen to your office. stay "in the loop here: -- stay in the loop." "in the loop." known asthe economist dr. doom for his nightmarish scenario for the housing collapse that played out in 2008. if you did not listen to him and you were invested in stocks, you lost a lot of money.

as a ruling, farm and corn producers will be watching it closely.ell us what is at stake here, alix steel? everything from oil, food, gas prices. in november, the epa issued a draft rule lowering the amount of ethanol and gasoline refine rs would have to add by 2014. this comes after a lot of lobbying from big oil, the american petroleum institute spent about $2 million lobbying. this is a big deal for the likes of exxon and chevron. >> what was the issue with the renewable fuel standard? is rising production and gasoline production is falling, and that divergence is where the problem lies. demand for fuel is expected to be down 13% next year. each gallon of fuel needs to be blended with 10% ethanol, so you might think the easy solution would be to blend more ethanol, but the problem is, cars were not designed to run on gasoline with these high levels of ethanol. 2001ically, all cars in are used -- approved for use in higher ethanol gasoline, but many companies do not warranty their cars. the impact from a lower ethanol mandate would be what? losses

"as far as corn, wheat and soybeans, i'm looking at spreads rather than an outright position. soybeans are historically high and so is wheat to corn and it could be very profitable in the coming year." jack scoville says there's an ample supply of coffee but there may be rising prices for cocoa and rice. it's the ultimate tech talk in washington. president obama in a round table visit with the leaders of apple, twitter, yahoo, google and netflix. i'm just wondering if you have an advanced copy of the house of cards? (laughter) you could do a cameo i wish that things were that ruthlessly effiecient. the president no doubt was refering to the technical glitches that plagued the roll out of healthcare.gov. a former microsoft exec has been named to managed the troubled site.at the white house yesterday, a number of the ceos are urging president obama to move aggressively forward with reforming the government surviellence program. said to have distrupted more than 50 terrorist plots. a judge ruled this week: the government snooping of tech data may be unconstitional. a vote is expe

in some cases where they grew corn, for example, the corn grew from here to there and that establishedre to there. those are actually called corn rights. it was an improvement on land that gave you the type. you had worked it. john: still developing such property rights. >> much of the countryside, the past prevail. >> the whole notion of property rights has been pretty alien tow formerly socialist countries because right from the beginning , in the 19th century, property -- john: compare the countryside to cities like shanghai. >> i visited shanghai about 30 years ago. none of these buildings existed at that time. it is incredible what happens when you change the rules of the game. john: should the rules of the game. >> the rules of the game have to say and recognize who really knows what because how you relate to the aset you have determine size you relate to your neighbor and the rest of the world. we work on paper and plastic, and if you don't have what you own on paper and plastic you will not be recognized and you can't play the gae. john: this idea of eddied protecting property

they picked the fruit, corn this case. depicted early thinking of get a whole year if a ticket and keep it. otherwise and sharing it with everybody else. >> get a bigger share overall as a result. their productivity in that first year was atrocious. governor bradford realize this immediately after a so what happened that the incentives or wrong. john: wrote in his diary. what must they do so they might not languish thus in misery? >> what he did wasimposed the right kind of incentives on the system. if you produce it you get to keep it. the essence of capitalism. you work hard, produce something. it's yours. if you shirt and a lazy you don't give much. >> said corn. every man for his own particular. and so assign every family a parcel of land. this simple cange took them from near starvation two and f plenty test in a fight the indians in and say let's share. >> i don't think there were celebrating banks giving becau they realize that capitalism works and communal property is a failure. there just happy to be alive. i sure

corn? >> well, ethanol is a big chunk of our demand base for corn here in the united states. it's interesting, there's been a lot of news out recently. the epa here in the united states, which essentially controls this type of thing, proposed some new regulations. essentially what they want to do is reduce the amount of ethanol that's required to be blended into the fuel supply here in the united states. this is a proposal that was released a few weeks ago and there was a lot of skepticism and a lot of people that essentially thought that ethanol production might be slowing down or kind of grinding to a slow halt here. and we saw the exact opposite of that. ethanol prices on the last couple of weeks have spiked higher while corn prices remain low. so margins for ethanol producers in the united states are excellent right now. and ethanol production is expected to amp up, if anything. despite the fact that the epa essentially wants to lower the amount of ethanol that needs to be blended into the you'll supply, there is no maximum and will is no cap. as long as it's profitable,

where do you see corn next year? >> corn next year, we really see a popular back above $5. this disparity, dislocation between commodity prices and equity prices. something has to give when you see commodities so hard, equities up so hard we are seeing movement. corn is underscored and you will see it move up due to the fact that there's global demand. people are getting hungrier and more people to feed. simple, simple as that. >> when you look at the corn story it's a two-year story. in 2012, it was all about massive drought and corn rallied hard. last year was a relatively good year for the growers so the markets swung unnaturally to the downside. markets tend to overreact. being down 30% is a heck of a pounding it took. i think it rallies off for the same reasons jeff does. nothing has change at all about the demand story. demand is increasing around the globe. >> jim, let's -- >> so 530ish. >> let's talk about this, from the soft to the hard. talking gold. i cannot find anybody who is bullish on gold. tell me one way or the other what's the call here, jim sp. >> and you

farmers to buy up more land to produce a record corn crop.ost 14 billion bushels of corn in 2013. is this prosperity changing for american farmers? alan baerga joins us now for more. have we seenrends in crop prices and how does that affect land values? >> what you have seen is that continual decline in corn prices, they are about half what they were at the record and of the drought of 2012. with that, you see some of this boom in land prices. we have been seeing it for decades now, starting to come off a little bit now. you're seeing commodities driving what the land value is worth. as crops are getting bigger and demand isn't keeping pace, you are starting to see a little bit of an easing of what has been a crop boom for several years. >> how have high land values benefited farmers? how would a decline affect them? >> anything that helped your paper value is good for a farmer. a good return on your crop allows you to get your john deere tractor, your monsanto seeds, your dupont chemicals. it helps you invest in your operation. that is very

however i do think that if they don't catch on the big corn soon they're going to miss this train and they should also get into precious metals or anything that ben bernanke here janet yellen can't counterfeit. all right let's let's mention talk a little bit mexico because you live in mexico now more than one million u.s. citizens now live in mexico there's an exodus of baby boomers heading south we talked about your lay already and. i guess just this idea that many americans are getting out of dodge they want to get out of the u.s. the n.s.a. spying is deplorable and just on a competitive basis if technology companies are not going to be allowed to keep up with the world in terms of where big coin is and where it's going then you don't really want to be in a technological innovative laggard you want to kind of go where the cutting edge is and that seems to be not the us jeff what do you think your thoughts yes absolutely i think the u.s. government is one of the most oppressive governments on earth at this point they seem to be shutting down any productive business that actually is t

thank you, david corn, jonathan capehart, and joan wall nsh new york.ou have a smile on your face, which is appropriate. thank you all for being with us. if you're out holiday shopping, get a copy of my new book, "tipping the gipper." it will make you feel happier this holiday. see you monday night at 7:00 a.m. eastern for more "hardball." [ male announcer ] step one, prepare for triumph. step two, baconated cheese for awesome. step three, get ready to wow. step four... mmmmm. ♪ [ male announcer ] pillsbury crescents. make the holidays pop.

since we last talked big corn has gone through a tremendous evolution it's really caught on around the world i think the biggest reason that it's been rising recently wasn't necessarily that ben bernanke he gave it his. his approval but it was mostly china if you look at a fee at least dot com you can see most of the big koreans are going to china right now and most many places and the reason they're going to china is because of the capital controls in china went to one a remote roman and. you can just see it all over the world that this is catching on it's going it's going to mislead well and there's going to be ups and downs going to be volatile it's going to go all over the place this is a total revolution in money and banking and it's fascinating and exciting to watch all right jeff one of the complaints of the mainstream media babbitt going is that there's too much hoarding you've got property that you are selling in chile and accepting bitcoin have people been spending it with you or do they prefer to spend dollars. we accept that quaint for everything we do our company is a worl

talking about corn.hree months, the environmental protection agency has to decide how much ethanol the u.s. will use next year. they will rule on the fate of farmers, corn, and ethanol producers. alix steel has the story. there is a lot at stake. >> did you just call washington bugs? >> i don't think anybody -- >> [laughter] >> i don't think anybody will be upset. oil companies, farmers, everybody has a stake in this conversation. in mid-november, the epa issued a draft rule lowering the amount of ethanol refiners would have to blend with gasoline. introduced aalso bill to remove the corn ethanol mandate. -- also a big deal. the american petroleum institute, they spent a total of 2.5 million dollars lobbing in the third quarter. they did not say whether lobbying goes but it is a huge issue to try to remove the ethanol mandate. backwards, butok what was the problem with the renewable rule in the first place? is ethanol problem production cap rising while gasoline demand kept falling. we are driving less.

corn is being grown for ethanol. the price of high fructose corn syrup has gone up.ifferential between fructose corn syrup and sucrose is so small that companies have gone back to using sucrose. you will start seeing that in the united states as well. companies are saying they are high fructose corn syrup free because it has gotten a bad name. from a biochemical standpoint, they are pretty much the same. host: marion nestle is a professor at new york university and the author of eat, drink, vote. coming up on the program tomorrow, the latest on the health-care law and the administration's efforts to reintroduce it. talk about the new unemployment numbers that came out yesterday. then a discussion about china. especially on long the lines that the vice president is taking a trip. see you then. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> in a few moments, the veteran affairs department. after that, remarks by eric shin issuesout some of the better and stays returning from active duty. secretary of

the corn refiners association, you may remember last year, they tried to rebrand hfcs as corn sugar andthe fda told him no. they have done it anyway. you know what? they will get away with it. why? because the fda does not have an enforcement arm. the enforcement arm is the department of justice. they got better things to do. they do drones and other things. how about on a community level? santa clara and san francisco in 2010 instituted the toy ban? why should you coerce a child into buying a happy meal for the toy. let's disassociate the two. if you want the toy, by the toy. makes perfect sense. well, since then three states have banned toy bans. not really getting rid of that. i don't know why it does that. let's go back. ok. and finally, the campaign to retire ronald. which is ever continuing. how about things that are likely to work? pricing strategies are likely to work because people care about price. controls at the point of sales. bundling strategies. government agency action. those are the things that will work. those of the things that worked in the past. the problem is you n

collapsed the structure gave away and the silo is sitting on top of the pile of corn unstable lied. >> a full search was delayed because of lighting issues. it is not clear what caused the blast. >> new problems for the obamacare web site even if you get through the signup process you may not be actually enrolled. peter doocy is live for us in washington and he explains this glitch. >> you remember the white house told us healthcare got gov is supposed to work smoothly for a vast maority of users by the end of november and 50,000 consumers should be able to simultaneously shop for coverage. yesterday people were put into a new cue basically a waiting room after only 35,000 customers clicked on to the site according to the "washington post". then there was this a screen of nonsense and question marks that popped up in the middle of the day after selecting apply for coverage. the white house isn't impressed with the improvements. >> the president believes the site has been significantly improved and that the teams in place have worked 24/7 for weeks now to make those improvements incl

if the corn yields keep going up with the monsanto and dupont seed, there's not a market for this corngive us perspective on what kind of demand we are looking at. doesn't look at 12% less ethanol being mandated echo doesn't sound like that much. >> the argan is that the market is taking care of -- the argument is that the market is already taken care of the need for the guessing price -- gasoline to go cleaner. gasoline itself is gone down since the 2007 legislation that put the renewable fuel standard in place. you can only fit so much corn into gas tanks. the industry would like to go to a 15% blend rather than a 10% blend. very few blender pumps exist in the u.s. to do that. even though the epa has said that for vehicles ever because when you can do this, from a practical standpoint there is no more room to put ethanol into cars. if you don't find a new source you will not get it. subtle shift here. we are not losing ethanol demand altogether. but we are going to miss some form of growth that warren has that cornt that -- has felt over the past few years. talk about what will make.

howard fineman, david corn, jonathan capehart, and joan walsh. the thomas crown affair.and the worst of ted cruz. here's number three from ted cruz. in july he made an impassioned case at the western reserve summit -- western conservative submit. an how to block the health care cost at all costs because people might like it. let's listen. >> on january 1 the exchanges kick in and the subsidies kick in. once those kick in, it's going to prove almost impossible to undo obamacare. the administration's plan is very simple. get everyone addicted to the sugar so that obamacare remains a permanent feature of our society. >> david, this is the strajest acknowledgment. he's saying people might really like it. screw it up before it gets to them. >> he's saying they might like being insured. they might like going to the doctor when they're sick. there's a bigger picture here. one reason they were desperate to stop obamacare is when we fight about obamacare, what we're fighting about is whether the u.s. government has a role in u.s. policy and making things better for average americ

>> yeah, tony ran a little corn over.va did okay. >> tony was horrible. >> i was amazing. >> that i can believe. >> people look at you and see eva longoria actress to a point but see a great political activist, fun, eloquent, funny, you look great, it prompts the question, when will you run for office? en will you do this for a living? >> i'm not. >> don't say never. >> howard -- >> as your campaign manager, don't say never. >> campaign manager. >> do you think she should? >> i think every person who has something to contribute and eva has a lot ocho contribute should keep an open mind to the right opportunity to the right time and the right place but that doesn't mean it will happen but never say never. >> i never want to triflize th work they do. what they do is hard. i think the most powerful point in the political process is a citizen and i've always said that to be politically involved, you have to partipate as a citizen and that's how i for -- participate. >> if we had a hispanic candidate -- >> i don't vote for peo

and david corn is an msnbc political analyst and washington bureau chief at mother jones.obert, you know better about him than most people. you've worked with him in tight situations. i hope you got to see our program last night. we had a huge audience of 1.3 million. >> i did. >> i mean, it's a very big audience of people who tuned in just to hear the president. even on a night when so many hearts and minds were focused on the lives of nelson mandela. they took some time out to watch our program with the president. he said at that time when i asked him how do you do big deals and he said history says you only get a big program through, something really important, when one party controls the government. the house, the senate, and the presidency. does that mean to you he's still holding out hopes he can pull a big upset in the sixth year of his presidency next november? >> well, i was certainly struck by the answer in which he was reminding those college students that a lot of them that might vote in a presidential year don't tend to vote in a non-presidential year. but som

kidney failure cancer these have all been shown to be very strongly correlated with the use of ground corn and so on in the meantime monsanto has reportedly spent billions on lobbying to keep g.m.o. foods from being labeled in the u.s. sales in the gluten free food market have reached new heights due to a dangerous health at that this comes as monsanto grossed more than thirteen billion dollars in revenue last year selling products many believe to be response of all for that epidemic in the first place. new york. well i'll be back with news headlines in just a few minutes to go away. i was thinking somehow i had to come back because mom was waiting for me. i just knew that everything would be fine for some reason they were so confident because we were going to get married officially after he came back how could he not come back the mere thought of it never crossed her mind. that the militants decided to try and break through and i heard you get near screaming grenade. go go the explosion blew him will run his back. and it was all over all of us. we know that our comrades on our commander w

this is maybe just anagram hardly worth it bread corn meal maybe a little meat. i can't buy more than that with it. i'd be going down into the tunnels twice a week. both bunnies oldest daughter looks at the younger children. funny feel so uneasy about it but she feels less safe above ground and the mine shafts the law for some time in da club were really afraid of the police and the gang's the police take away our things everything in the gang's rabbit stew there's no difference between the gangsters and police the funding. not only day one. and then they disappear again into the belly of the year. what's funny is doing this for seven years and she's lost two friends in that time. they died from rock dust in their lungs. she accepted that some sixty thousand spaniards less than one country in twenty twelve lay down on people and to take in the believe that that country has any opportunities at that time and the statistics in these uppity. will the cost of days under the age of twenty five unemployed. how qualified to education they may be too many trying their lu

epidemic a new report finds genetically modified foods such as soya and corn may be an environmental trigger for the growing health crisis if you look at the nature of the primary toxins crowd in most you can predispose physiology. to student gyms related to sensitivity in fact bees in. immune system. the multinational billion dollar company monsanto happens to be a leading producer of g.m.o. seeds r.t. reached out to the company a spokesperson said that monsanto is not aware of credible evidence that supports allegations of their products being harmful but the report released by the institute for responsible technology finds that the weed killer known. as roundup used on g m o's also has a negative effect on gut bacteria sharks is a nice insidious because you don't have an immediate acute reaction but it evokes your health slowly over time are chosen outside of. kidney failure and that of a cache of these have all been shown to be very strongly correlated with the use of our corn and so on in the meantime monsanto has reportedly spent billions on lobbying to keep g.m.o. foods from b

could be suffering from gluten related illnesses that's down to the genetically modified sawyer and corn the medicals warn that it may become an epidemic for the next generation prompting more and more in the u.s. to choose a gluten free diet the details marty's report. in a city with thousands of restaurants yoko kind of maury has lunch at the same place nearly every day oh right yeah yeah every day everybody knows me every day and i love it. here at four foods the ingredients are natural g m o's are limited as much as possible and the menu caters to an exploding dietary necessity in the u.s. we probably in the past year if we see more people coming directly for us because we do have gluten free options listed among the top food trends by time magazine the gluten free lifestyle has boomed into a billion dollar american industry foods books and even boot camps cater to a jeffrey clientele doctors are now paying attention to a new phenomenon called sensitivity and what about this gluten free diet how it's great there is great no gluten high protein on natural bar the gloom is a protein fo

these were called corn rights.rovement on the land because you worked it. >> chain gnaw is still developing a traffic rut. >> much of the country side the past prevailed and the land is owned collectively. >> the whole notion of property rights has been pretty alien. mark said it in the 19th century property is set. >> compare the country side to cities like shanghai. >> i visited shanghai about 30 years ago. none of these buildings existed at this time. it is incredible what happens if you change the rules of the game. >> what should the rules of the gaug game be? >> it has to say and recognize who really owns what. because how you relate to the assets you have determines how you relate to the rest of the world. we work on paper and plastic. if you don't have what you own in paper and plastic you can't play the game. >> the idea of a d protecting property seems simple but it is very powerful. all of this commerce between total strangers it wouldn't happen otherwise. it applies to more than skyscrapers and factorie

the content and corn. knowledge can be acquired in nineteen eighty nine. more familiar with the children that are preparing to kick it up and down the rabbit into the empty teachers. many early education organization a commercial company brother schools registered with the government. commercial companies. there are no limitations on teachers and learning materials like her are registered school. when cool popping up my present opportunities for scammers to tiberius must really early education grant. the rev according to new schools across china. a brand continue on with open for four years. people do care that was acquitted on half the person in charge when it with all the money. cover the breadth of painful headquarters in beijing the school was even there as a nanny. i could keep the card with one hundred and eighty dollars. between competing in it. by the time it can to make off with your money. many of the education grant. the contract for school to the franchise the french effort into putting feet to seventy thousand dollars. no the word that the net

we scoured the papers to bring you a front page. >> corn is for real. >> you can eat corn. >> corn is a currency. >> five years after the financial crisis, regulators taking a landmark step to rein in wall street banks. five agencies signing off on the vocal role, the effort to ban prop trading. we know jpmorgan, goldman sachs, and the others have been contesting this. the lobbying seems to have paid off. it curbs some type of trading while largely freeing the ceo's of personal responsibility. >> it seems like the rule is relatively broad, provided traders are not paid like prop traders but how would you police that an enforced that the new will be responsible? >> the other thing for me as we begin 2014, is this is just the first step of many other changes, particularly the mystery of what dodd-frank will do to the same industry. >> as you mentioned, the enforcement, it will take years before they nail it down. >> and it does not address mortgage lending which you could argue was a huge trigger. >> the summary of this -- we are all moving to zÜrich. >> speaking of the 2000 and crisis

. >> sreenivasan: next, to a very different debate, this one over corn. the midwest's amber waves of grain now frequently get their start from seeds grown on the islands of hawaii. but there are increasing questions around how they are produced. that's the subject of one of the signature pieces from the "newshour" weekend program. we are featuring them this holiday season. this report is by "newshour" correspondent megan thompson. >> the hawaiian island of kuai is known as the gard enaisle, luring 100 of thousands of tourists to its lush northern shores. but fewer make it down to the dryer southwest side home to native hawaiians who lived here for generations an where farming has always been a way of life. today these fields are home to large biotech companies developing hawaiian biggest agriculture product, seeds, genetically modified seeds, misly corn, to be shipped back and grown on the mainland. those fields behind me belong to pioneer one of the big seed companies here in kuai the. the reveiling winds below out of the northeast and the residents say

chat rooms will tell you all about it coming right up and is there no where safe to keep your big corn nowadays sadly that actually might be the case now some big coin found it made off with over one million worth of electronic booty and we'll tell you how they did it and finally best selling author gemma richards joins me in studio today to discuss all things monetary i'm talking currency wars it's all coming up and now let's get to the show. because. it looks like chat room time is over for bankers big banks are considering blocking employees from online chat rooms now it is and it comes as a. result from concerns by regulators that some chat rooms functions as vehicles for collusion and market manipulation now citigroup j.p. morgan and credit suisse are just a few of the big banks taking preemptive measures and disabling chat room access chat rooms that become the way traders communicate and trading desks around the world have come to rely on these multiple dealer chat rooms however chat communication has featured prominently in a five year probe into manipulation of the london inte

check it off the chuck wagon greatest hits, we've got some beans, some potatoes, some corn bread. about ready. >> let's eat. >> dig in. >> we done good, gentlemen. >> no kidding. >> thank you, tony. this is excellent. >> i'm wondering, you guys have been here for so long, your family. could you live anywhere else? >> not me. no, not me. >> this is home. i always get called back here. i visited paris and lived in l.a. for a while. you know, paris is pretty great. >> it's pretty great. but it's not here. >> dan, i'm curious to know why you chose here. why you came here initially. >> it's open space. because i had grown up in a circumstance where you couldn't see 50 feet. i mean, the forest was so dense. i used to climb up into the top of a tree on the highest hill just to be able to see over the forest. so there was something about the idea of being able to see the landscape that really compelled me. >> the big empty makes a real deep, deep sense to a certain type of person. ♪ [ singing in spanish ] [ singing in spanish ] ♪ [ singing in spanish ] >>> since before 1598 when santa fe

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joining me now on our rapid response panel, msnbc political analyst, david corn, and connie schultz. both of you with us tonight. connie, what does it say that senator ted cruz is even on the list? >> well, when you look at the criteria for person of the year, it's somebody who is having an impact. negative or positive. i think it was a brave decision on the part of "time" magazine and i say this as a noncatholic, as a columnist critical of the church many times in the past. you and i both know, we write for the public, you broadcast for the public. but we're always paying attention to what fellow journalists think of what we're doing. and this is bound to generate a lot of criticisms from journalists. i think what "time" magazine decided to do was celebrate a messenger of hope and civility, which if anyone was reporting outside of washington, any of us who do that, know when you talk to people outside the beltway, they are yearning for civility. they are yearning for signs of hope. and in a very difficult time. >> david corn, what the pope has been talking about has been important c