economi economic. and that's just capital. >> you know when the investors are coming back?t would it take? >> i think a lot of great advisers are keeping them in the market correctly. clearly when there's a dippable market -- >> how long will they have to be in. >> couple years. there's a lag, absolutely. >> it's like a ghost town. i'm sure there's no broker they call right now. >> that's from when you were a broker. there are not those anymore. things have changed a lot.

building democratic institutions, helping to promote human rights, creating jobs and economies, economicortunities, especially for women and young people. the challenge in syria is especially difficult. the government continues to these people. every day unfortunately we see the most appalling images, troops firing in city centers. even children. security forces are arresting and torturing people with great brutality. meanwhile, attacks by the opposition and other armed groups have escalated. as of today, united nations has deployed 59 supervision monitoring missions, and we will expedite this number. by thursday this week, we'll have more than 130. and by 15 of this may, we'll have more than 230 people. and we are accelerating to implement security council regulations to compliment of 300 military supervisors and approximately 100 civilians before the end of this month. our most immediate goal is to save human lives, to see the end of this violence. and the presence of u.n. monitors has in some cases reduced the intensity of violence in syria. but the situation is still very precarious

jobs numbers tell us about america's economy and what could it mean for the markets and your economy? economicsrofessor at harvard university, ken wonderful to have you on the program, thanks for being here. >> thank you for having me. >> let's talk about those disappointing jobs numbers on friday, showing 115,000 new jobs created in the month of . unemployment rate down to 8.1%. of course the expectations called for a lot stronger job creation than we actually got. does this mean we've entered a new weaker phase of the recovery? how do you see it? >> well, i think it certainly brings us back to the point that this is going to be a slow, halting recovery. i don't think we're ever going to see 300,000, 400,000 jobs created a admonition at least not for a while. there's just too much debt, too much uncertainty, to really move a lot faster ran we could have 200,000. i mean, that would help. we'd gradually get better. this is just treading water. >> so is that what we're supposed to see at this point in the recovery, 300,000 to 400,000 new jobs created? is that what would be typical of a normal rec

the debt problems threaten to swallow europe are we asking american economy economic pundits if there's a way out to be out of the headlines in just a moment. the of them a. chance . if. that's.

economy in all of this. well people pursue the happiness. regardless of where the economic growth or whether brazil wealth people primarily and instinctively pursue happiness and they can do that in one of two ways they can or both ways they can vote they can vote for the politician who they think will make them most happy and they can go out and buy things and go and buy things pursuing wealth get a better job increasing the salary is not some narrow obscure objective that we've been focusing on too much in society it's a incredibly broad it's the broadest possible aim that you can have because money's just a token we would you can do anything you want to go and buy fine food or go on holiday i'll stop working or retire early you'll need money to do it so it's a very broad and sensible objective to pursue well for yourself because it shouldn't be your only objective and if it is your objective you'll be very unhappy and i'm not going to argue that sometimes there's a market failure there is buyer's remorse people sometimes buy things and then later find out that it didn't

do so with us if you can see the problems threaten to swallow europe are we asking american economy economic pundit if there's a way out to be out of the headlines in just a moment. if. you . feel. limited to just see a few to feel. superior feel if. if. thank. you. live from moscow does is our duty to show you here your headlines now russia's president vladimir putin informs his u.s. counterpart that he's pulling out of the g eight summit in the state of maryland next week coming just days after putin returned to the top job and instead he'll be sending a prime minister into retreat mental. rescue teams are struggling to reach the wreckage of a doomed russian airliner on a steep mountainside in indonesia it crashed on wednesday rescuers say at this point there are no survivors. and two strong explosions rocked damascus with dozens reported dead and injured the capital has recently been struck by a number of blasts mainly targeted at military installations.

you, but that actually changed the balance in a way that not merely impacted adversely on the economy, economics of the press or indeed the bbc, it doesn't matter who, but also increased the potential scope of the available remedy for those who didn't have money. and i just wonder whether by just dropping to 10%, it's relevant because i'm looking for ways and thinking about the way in which these sort of issues shouldre

you, but that actually changed the balance in a way that not merely impacted adversely on the economy, economics of the press or indeed the bbc, it doesn't matter who, but also increased the potential scope of the available remedy for those who didn't have money. and i just wonder whether by just dropping to 10%, it's relevant because i'm looking for ways and thinking about the way in which these sort of issues should be resolved, whether by dropping to 10% or removing it and removing the insurance recovery, all these possibilities, you haven't just moved the boot back onto the foot that originally occupied it. now, one wouldn't be surprised that the press would think that was entirely desirable in the public interest. equally, one wouldn't be surprised if those who are concerned about their ability to go to law would be concerned the other way. >> yes. my -- what i -- my view is this. i did not want to go back to the situation where the boot was only on one foot, which was the one you described before cfas came in and where it was in practice impossible to take proceedings for defamation unless

chorus calling for greece to stay is no mere chant but marcus kerber professor of political economy economics at the berlin institute of technology says but now even a greek exit won't be enough to save the euro the unconditional. euro savers as they are now prisoners of their own misjudgments their errors of judgment turn out to be fatal because the crisis about the euro is on far more than just a currency it's about the future integration of europe and we have come to a point where we can no longer solve the euro crisis by simply urging or pushing or requesting greece to opt out and to leave the eurozone because the problems are far beyond that we could have some two years ago when the crisis was a very beginning so the discussion is no longer about greece the discussion is no longer about whether germany is profiting or benefiting less or more from the you from the eurozone the question is how we can get the problem solved as quickly as possible without damaging the european integration process. this is the weekly here on r.t. we will be to twenty four hours a day still to come this hour b

economy is not what we're paying you for. no, it's a terrible thing, but the problem is not economic.ad a sane political system, we would be able to say that this is not the time for austerity. let's negotiate long-run revenue increases, long-run cost-saving measures. what we actually have is we have a game of chicken. we're in a scene from the james dean movie with two cars racing for the edge of the cliff. at some point you have to say i am not going to be the one who always gives you in the end. >> a lot of people, though, you know, businessmen types look and say, well, krugman is very smart, but he has become too partisan. he thinks that everything the republicans do is wrong, and he doesn't have -- he doesn't seem to really care about this long run fiscal nightmare that we have which, you know, depending on how you count it is $50 trillion. this is a huge issue of the entitlement spending that has to be dealt with. >> except if you actually look at their personal history, i was furiously opposed to the bush tax cuts because i was worried about the long run deficit indications. i

it's the collapse of their economy and their economic growth that led to the debt problem. >> one final thing i wanted to ask in terms of how to pay for it. you're talking borrowing now, once we get growth, paying it off. the "new york times" magazine, great analysis a few months ago, alan davidson wrote it, had him on the show. he was talking about a whole issue of raising taxes, saying you could tax millionaires at 100%, didn't have anything left in the next year and wouldn't get as much money as if you raised taxes by just 8% on people who make between $150,000 and $200,000 a year. bill clinton said something i wanted to play it and get your reaction. >> you could tax me at 100% and you wouldn't balance the budget. we are all going to have to contribute to this, and if middle-class people's wages were going up again and we had some growth in the economy, i don't think they would object to going back to the tax rates that were obtained when i was president. >> professor, do you think we need to get rid of all the bush tax cuts? have them go up on everybody? i know you wouldn't say do

economy annually and reduce carbon emissions by 1 million carbon metric tons. in this room, we have get around and relay rides. we could have the most powerful economic development program right here. what if the entire economy of san francisco was built around access like car sharing? that is what is happening. that is what these entrepreneurs are doing. the sharing economy is not just about new ways to consume. it is also about new ways to produce. it can be a platform for micro- entrepreneurship, creating jobs locally and organically, new technology, shared access models, and online marketplaces have dramatically lower the barriers to resources needed to create products, offer services, and want companies -- launched companies. tools the only large companies could afford are now accessible to the masses. the san francisco tech shop is one example. for a small monthly fee, you get access to construction, $1 million in machine tools, and access to contract manufacturing to bring prototypes to market. also consider the case of member-owned and controlled cooperatives. there are many in the bay area. the u.n. has declared 2012 the international year o

building democratic institutions, helping to promote human rights, creating jobs and economies, economicpportunities, especially for women and young people. the challenge in syria is especially difficult. the government continues to assault its people everyday. unfortunately, we see the most appalling images, firing in city centers, innocent civilians are dying, even children. security forces are arresting and torturing people with great to brutality. meanwhile, attacks by the opposition have escalated. as of today, the united nations has deployed 59 supervision nations, and we will expedite this number. the district will have more than 130, and by 15 of this may we will have more than 230 people. and we are accelerating to implement secretary council resolutions to complement our 300 military supervisors, and approximately 100 before this month. our most immediate call is to save human life, to see the end of this violence. and the presence of u.n. monitors have, in some cases, reduced the intensity of violence in syria. but it is still very precarious. but we must also create an openin

reforming city pensions, economic developments, a job creation, and public safety as his top priorities. mayor lee has worked hard to keep the economy and economic recovery on track, create jobs for residents, and everything that supports a thriving economic climate like parks, transit, housing, quality of life in the neighborhoods, and public safety. mayor lee's focused on job creation, taking responsibility for building san francisco's future. for helping each other and that government more efficient and accountable through innovation and technology. here to talk about the priorities, please welcome our 43rd mayor of the city of san francisco. ed lee. [applause] >> thank you very much for that kind introduction. good morning, everyone. i want to thank john and wade and steve and the chamber for the invitation to address you. i am the last speaker. after that panel, i am almost eager to go back right to work. there is a much to do and thank you very much, katie and george. i very much appreciate that dialogue. as you can tell, when you hear about all that, i could spend hours going through all the tech companies and what they're tr

the economy collapsed. economic output was slashed by up to 10%, which is just huge for a national economy. >> brazil already generates up to 80% of its electricity from renewable resources, much of it from hydroelectricity. even though brazil is drenched in sunlight, solar power still isn't a feature here. so now the government is looking to the world cup as a showcase for its new solar capabilities. the light energy group is maracana's leading provider. their plan calls for many small- scale projects, rather than a one o two big ones. >> maracana is a flagship project, but it's also a lot more than that. it's the start of a new, decentralized power supply. especially in the area of photovoltaics. >> the power generated at maracana stadium will be bought by large companies. they'll have to pay a bit more. but in return, they'll be able to tout their commitment to the environment. a large hydroelectric power project is now under construction in the amazon basin. but it's very controversial -- brazilians no longer wa

and, of course, the global economy especially the economic situation in the eurozone are going to be the top of of the agenda. this is the first opportunity for the leaders of the major developed economies to meet face to face since president elan's election in france and the political events in greece. this, of course, also will be the first g-8 meeting for the prime minister of italy and prime minister noda of japan. and obviously, this comes at a very delicate time with respect to the european economy, the eurozone economy. let me say a couple things about this. one, the united states welcomes the evolving discussion and debate in europe about the imperative for jobs and growth. two, the united states has an extraordinarily significant stake in the outcome of the economic discussions in europe and the steps that are taken in europe. this is european union as whole, of course, the largest trading partner of the united states. and it three. the president looks forward to leading a discussion among the leaders about the imperative of having a comprehensive approach to manage the crisi

just wanted to clarify that. >> we are interested in how this economy affects people in their everyday lives, and people left out of the economic mainstream who may be struggling. how can benefits of a sharing economy reach into underserved communities, and what are you doing specifically

first up, who is to blame for the humpty dumpty economy? economic growth sputtering around 2%. the middle class has stalled. team obama has thrown everything at this economy, including the kitchen sink, but everything they do runs counter to free market capitalism. let's review. we've seen gigantic spending stimulus, temporary home buyers tax credits, temporary payroll tax cuts, cash for clunkers, tax the rich, massive fed money correction, and zero interest rates. you know, folks, if all this big government keynesian stuff was going to work, it would have already worked. but all the king's horses and all the king's men could not put humpty dumpty back together again. again, my opposition comes from this simple notion. keynesian big government policies undermine free market capitalism at every turn. and that is why the economy is stuck at 2% at the bottom of the range. so let's talk with two distinguished guests, dean maker is co-director for the center of economic and policy research. art laffer, the chairman of laffer investments and former reagan adviser. first up the adp job

economy. people are making more than $1 million a year. for every $1,000 they make over that, tax them for $56. it's inconceivable to me. i think it's been proven by economic history it has no negative effect and allows us to do a long-term deficit reduction with short-term help for the economy. >> thank you so much. >> i yield five minutes to the gentleman from arizona. >> would you like me to yield you a couple minutes to finish your previous question? >> pardon me? >> would you like me to yield you a couple minutes to finish where you were at? >> oh, thank you. yes, absolutely. thank you very much. >> mr. chairman, i would rather be grilled by him than yourself, if that's okay. >> no, i saved this one for the ranking member. >> okay, okay. go ahead. >> you know, the big argument is dual mandate or one mandate. i'm sort of a pretty much a skeptic on what we get from the fed. i think they generally can find an excuse to do whatever they want to do, so i know that's important argument, and it's going to go on for a while. i'm not, you know, hopeful that, in itself, will solve the problem. because i think they're rather independent in what they do. i want t

economy. the i.m.f. endorsed the deficit reduction policies which the coalition has put in place but said fresh measures may be needed as growth fails to materialize. the managing director gave this verdict from the country's economic outlet. >> unfortunately, the economy in the u.k. has not yet taken hold and uncertainties bound. the stresses in the euro affects the u.k. through many channels. growth is too slow and unemployment, including youth unemployment, too high. policies to both the demands before low growth becomes entrenched, are need. i'm encouraged that prime minister cameron emphasized the need to use the credibility of the government's balance sheet to help the economy grow. >> they measure the economic growth and will dominate the meeting. the debt crisis in greece will be high on the agenda. the process of solving it has been highlighted for the development of economic corporation and development. the european crisis is the single biggest threat to the global economy. we have a report on how the situation in greece is affecting countries outside the euro. >> thousands of years of history and prestige but where does greece go from here? looking to the future is as uncertain as ever. waiting for somet

economic contraction throughout europe today. the gloomy news came the morning after an inconclusive meeting of european leaders in brussels. the summit reinforced the divisions between the two top euro-zone economies, france and germany. a main issue: how to balance germany's push for budget austerity, with the new french government's emphasis on economic growth. >> for the german government austerity is not everything. >> brown: in fact, guido westerwelle, the german foreign minister, acknowledged today a need for a balanced approach, including growth policies. he echoed comments reportedly made behind closed doors in berlin by chancellor angela merkel. but westerwelle said one proposal to ease the crisis -- by issuing so-called euro-bonds to lower interest rates in debt- laden nations-- would make matters worse. >> we think that we cannot solve a debt crisis by making it easier to take up new debts. and if we allow to make it easier to take up new debts we do not solve the crisis. from our point of view we increase the difficulties and the problems we have. >> brown: left unsaid: euro- bonds would mean higher interest rates in germany, which has benefited greatly from its lower borrowing costs.