and you fly to davos and you get into the airport in switzerland and you think yourself oh you know i'm going to davos like i am you begin to feel this little bit that i am one of the elect and you go and there's a very nice booth where very attractive swiss young swiss to greet you and they they give you a ticket you go to a bus and it's a perfectly fine coach bus and you get on it and as you're making your way from the plane to the coach bus you also notice there are people who are getting off the plane who are in first class and they're being approached right at the gate by this whole entourage of davos employees in red jackets who are a scorning them to these gleaming black mercedes to dance outside and they're going to get driven there and you guys all of those are the v.i.p.'s and suddenly your perspective stick shifts right a second before you thought i'm one of the electorate on the inside of the small group of people that get to go to davos and then you know actually i'm in i'm in in the low class right i'm in the steerage in this coach bus actually the real select people a

texting after causing a crash that killed a 55-year-old man in february of last year. 18-year-old aaron davofied that he was not texting before the head-on collision, but phone records showed otherwise and a jury found him guilty. the teenager was sentenced to 2 1/2 years in prison and will not be able to drive until he's 33 years old. >>> we begin the report with a story we've been telling you and your friends about for weeks. the nasdaq exchange now trying to make good on trading glitches it had during the facebook ipo. our business and tech reporter scott budman has been following the story since facebook stock hit the market. >> nasdaq today said, yes, it made mistakes that cost a lot of money and plans to set aside $4 million to make up for it. it says it will reimburse traders who lost money because of a technical glitch on the ipo day. in terms of money changing hands, not 40 million, but they made some money today shares jumping by 4%. it was the best day the dow has seen in all of 212 so far. triple digit gains. stocks higher across the board. silicon valley social job network linke

has the details of the then to double the russian davos this time takes place amid food prices which means no deficit freed by jet for russia this year the country has for years been trying to top with its commodity dependence now when you step in this direction has been announced by vladimir putin a new group stop linking the russian budget to oil prices. to move the country still further away from total reliance on oil revenues putin is planning to boost private investment. we must increase investment into the economy to the level of twenty seven percent of g.d.p. by twenty eighteen this is a realistic goal given the fact that now this level stands at twenty. addressing foreign investors putin promised them liberal reforms and participation in privatization of government assets also spoke of giving impetus to the development of russia's stock market sure. i would like to pay special attention to another decision i'm talking about the establishment of a consortium between the russian direct investment fund and a number of international investment funds the consortium will invest in

vladimir putin support for the event instantly raised its status the forum has been dubbed the russian davos with world leaders becoming frequent guests there then grew from strength to strength until two thousand and nine when it was overshadowed by the global credit crunch last year's forum demonstrated signs of recovery with fifty investment deals signed with around seven billion dollars but still it's only about a third of the pre-crisis amount overcoming the global downturn is once again topping the forms agenda for in guests will be able to he members of the new russian government talk about he can only create forms in the vacation. ways to attract investment into the russian economy. took the international st petersburg forum is being held these days well how active is canada and in this event in the form well we're probably not as active as we'd like to be and why what i think and i think her part of it is the distance between canada and russia i don't know exactly why that is what i can tell you i've had some discussions with my counterparts here in russia as well as some of the bus

world environment day, and this particular year we're the host city for one young world which is the davos of the can -- of sort of the younger generation, of the 25s and under, so we're looking at thousands of young -- of young potential employees or migrants into the -- immigrants into pittsburgh who are going to be in pittsburgh this year talking about some very, very meaty issues, so i think that you can leverage these as well in a very intelligent way, and rich and the entire team, each one of these, by the way, back to rich's point about public/private partnerships, each one of these has a partnership associated with it where the private sector is equally engaged as the public sector. >> you know, you can't -- you can't pay for the kind of marketing exposure your cities get from hosting these sort of events for -- for four or five days denver was the focal point of the entire world. we were about to nominate the first ever african-american for president of the united states. and you can simply not put a dollar figure on the kind of marketing that occurred so that's first and foremost

this particular year, we are the host city for one young world, which is the davos of the younger generation. we are looking at thousands of young, potential employees who are migrants and to pittsburg who will be in pittsburg-you are talking about some very big issues. you can leverage these as well and a very intelligent way. rich and the entire team, each one of these come back to the point about public-private partnerships, each one has a partnership associated with it where the private sector is equally engaged with the public sector. >> you cannot pay for the kind of marketing and exposure that your city gets from hosting the sort of events. for four or five days, denver was the focal point of the entire world. it was a major party convention. you just simply cannot put a dollar figure on the kind of exposure that occurs. right after the convention, i used to say the good news is that everyone knows about denver now. the bad news is, everyone knows about denver now. the second thing is, i could not have been prouder of the regional cooperation that emerged as part of the planning, exec

hillary rodham clinton's speech of the annual meeting of the world economic forum in davos, switzerland, february 2, 1998. it is not too long ago. a year ago. aside from the flaws in bells argument, who bell? >> bell is daniel bell. and basically what hillary clinton is doing in that speech is repeating the argument that daniel bell made in the cultural contradictions of capitalism. bell is a very prominent sociologist. and he was arguing there in that book that over time, capitalism will destroy itself by undermining the puritan ethic that he argues is at the basis of that. in the chapter on play which is the preceding chapter, i take issue with that. >> you say here that -- aside from the flaws and bell's argument discussed in chapter 7 and lack of empirical evidence that capitalism is language wishing there is something -- languishing, there is something unseemly about a powerful woman lecutring a selection of the world's wealthiest people on consumers intel ex-. they tend not to count their own pleasures such as travel, books, art, gourmet food, tax detuctable conferenceness switzer

this is in davos. this is a dinner i have held every year i have been. i definitely met michele there and some of the parties. that is probably not his. >> you are aware of his role? >> i read a lot of texts, yes. >> in relation to your schedule when you where prime minister, what we see by way of summary. there is a lesser degree, about 57. -- 50% and the same picture in terms of the individual's e meet. i do not think it is necessary to spend any care. point you want to draw attention to? lot been tense. -- it is intense. they're looking at the transcripts under the facts. can you refer to the fact that he had frequent tax messages with the? this is in the afternoon. we know from one that there is one at the start of 25. this is a reference to him. the campaign has not yet been launched. was think the daily call between the conservative party and tony gallagher. i think this was me wanting to make sure that the telegraph new this was what was about. later on may 2011. basel 3. other banks would not go along with it anyway. you do reply to that. he has

. >> this was in davos i think and this was a sort of dinner i've held pretty much every year i've beenet fred michel there, and i think i met some of the news international parties but i think that's probably about it. >> and, of course, you're aware of his role? >> i've read a lot of texts. well, i have now. [laughter] >> in relation to your schedule when you're prime minister, this is now dc1 it starts at 04182. what we see by way of summary is a letter degree of contact is about 50%. >> yeah. >> and the same sort of of picture in terms of the individuals you meet. coming up. >> yes. >> so i don't think it's necessary to look at this with any care unless is there any particular point you want to draw attention to? >> no. i'd just make the point i suppose that, again, if you look at arriving at downing street there are meetings with a lot of different newspapers and newspaper group. but as you say a less intense period. i had other important things to do. >> can i ask you moving away from this and toward someone else mr. aidan barkley -- >> yes. >> we've had some evidence from him, an

world has loose requirements [unintelligible] at any rate, i would like to see more news about the davos agreement that the rest of the world has to play by. host: now this on our twitter page -- last night at the white house, president obama honored is really president shimon peres at a dinner and also the ceremony where he was bestowed the presidential medal of freedom. this is the scene from the state dining room, the president joined by a number of leaders of israel and jewish americans in this country, honoring the longtime president and close ally of the u.s. the event is available on our website at c-span.org. coming up later in the program, former governor john engler will be joining us. and robert reich, labor secretary during the clinton administration, will talk about jobs and the economy. we will get your reaction to jpmorgan chase ceo jamie dimon, testified before the senate banking committee yesterday. he is back on capitol hill next tuesday. we will also cover than during before the house financial services committee. we're on the phone in norwalk, conn with mickey. -thank

this particular year, we are the host city for one young world, which is the dollar goes -- davos of the younger generation. we are looking at thousands of young, potential employees who are migrants and to pittsburg who will be in pittsburg-you are talking about some very big issues. you can leverage these as well and a very intelligent way. rich and the entire team, each one of these come back to the point about public-private partnerships, each one has a partnership associated with it where the private sector is equally engaged with the public sector. >> you cannot pay for the kind of marketing and exposure that your city gets from hosting the sort of events. for four or five days, denver was the focal point of the entire world. it was a major party convention. you just simply cannot put a dollar figure on the kind of exposure that occurs. right after the convention, i used to say the good news is that everyone knows about denver now. the bad news is, everyone knows about denver now. the second thing is, i could not have been prouder of the regional cooperation that emerged as par

this was in davos. everyis a dinner i've held year i have been going. >> you are aware of his role? >> in relation to your schedule minister,rime ministeyou were e what we see is a lesser degree is about 50%. the same sort of picture in terms of the individuals you meet. that meetings with a lot of different newspaper groups. >> moving away from this to wear something else, we have heard some evidence from mr. barclay and a chance to look at the transcripts. the reaper to the fact that he had -- he referred to the fact that he had quite frequent text messages with you. we know from one text message at 25. . the campaign has not yet been launched. >> i think the daily call was between the conservative party and tony gallagher. i think this was me wanting to make sure that the telegraph new this was what was about. >> this liquidity was much will later on may 2011. they allow banks to implement basel 3. other banks would not go along with it anyway. you do reply to that. huge in a different way. >> we have met various times. do not think there is anything improper about that. >> could

remember the subject matter of the discussions and that means because first of all, the context was the davos conference, people rent hotels and chalets and different news organizations do that, so it's not particularly unusual when it's in a chalet. i think it was part of the conference at a ski resort. and the meeting was a lunch with david cameron and myself, and rupert and james murdoch, rebekah brooks. and so i remember the conversation was partly about the domestic political situation, but actually the focus of the lunch was the global financials -- mobile financial crisis. and i remember that david cameron and i were trying to bring the conversation gently onto the domestic politics and what everyone was doing to put ourselves in a position to win the general election. .. >> and we would use every opportunity to do that. >> and can you recall how the murdochs responded to your pitch on that occasion? >> well, as i say, i think rupert murdoch kept bringing the conversation back -- understandably because, frankly, at that point the international economic crisis was probably of more inter

. -- davos.lso also prominent in that some of the news international parties. but i think that's probably it. >> and, of course you're unaware of his role? >> i've read a lot of text yes. well, i have now as it were. >> in relation to your schedule when your prime minister, this is not d.c. one, it starts at 04182, what we see by way of summary, a lesser degree of contact, about 50%. and the same sort of picture in terms of the individuals you meet. coming up. so i don't think it's necessary to look at this with any care. endless there are any particular points you want to draw attention to. >> no. i just make the point i suppose again, if you look at the arrival at downing street there is meetings with lots of different newspapers and newspaper groups. but as you say, a less intense period. i have other important things to do. >> ask you, moving away from this, and toward someone else, mr. barkley. we've heard some evidence from him, and i hope you had the chance to look at the transcript of his