can't do it anywhere out of time but thank you so much that was anthony randolph a director of economic research at the reason foundation a time now for today's big deal. edward harrison joins me now to talk to all of those so what better week to talk about it now the world economic forum is taking place in davos switzerland this week and it has nouriel roubini twitter feed filling up with as many selfies as it's true story if you check it out you'll see what i'm talking about but what exactly goes on at this annual gathering of world business leaders and the political muscle of a role with well it was originally conceived as a conference in broadmead business management concerns to quote all stakeholders including workers customers and society at large however today davos has devolved into a see and be seen gathering of hollywood stars political hot shots and the corporate elite all congregated together for a few stylish days in the swiss alps and now pope francis has admonished these c.e.o.'s and assorted financial groupies attending this year's posh summit saying quote modern business activit

the national -- nber, national bureau of economic research. highfalutin blue chip think tank of economists. they just did a study that said the reason unemployment is so high is because we keep extending these unemployment jobless benefits. the president says no. what say you? >> president obama's former economic advisor, larry summers, issued a study before he became his advisor that basically said the same thing. larry, i was talking to a painting contractor in wisconsin. he said, do not extend unemployment. he finally got two big jobs, went back to his laidoff workers. to a person he would not take the job. until our unemployment benefits run out, it doesn't pay for us to do it. to add insult to injury, he lost those jobs, guess to who? those same workers did those jobs for cash. listen, we're all concerned about people who are long-term unemployed. that's obviously not the typical rule, but the best thing, the best solution is to get our economy growing so we can provide people real jobs so they have the dignity to work. that's what this -

. >> the director of economic research at zillow.hank you, we appreciate it. >> thank you for having me. >> zillow calls san josÉ in california one of the highest prices. we have a realtor based in san francisco, what is it about san francisco and san josÉ that makes those two markets so high? >> first of all, look at the view behind me. that says a lot right there. it's beautiful, very desirable place to live. and i think what's driving the market right now is the tech boom. for example, san francisco proper, twitter has just set home base there. and google has moved into the city. sales forces building a large building downtown creating the atmosphere and it's very exciting. the city is just vibrant right now with a lot of young tech people who are doing well financially, and also the companies that are financing these tech firms are living in the city and moving their offices here as well. >> are these real estate prices sustainable? these incredible increases. great in the short term but in the long term how do they sustain it? >

unions should bargain with companies to get more money, but this is -- there is really good economic research that particully when you raise the minimum wage from where it is now, it does cost jobs. i mean, in washington state, apparently they are raising it to something like $15 a hour. >> from $9 to $15 an hour. >> they are talking to people who are saying small businesses and large businesses are saying we are going to cut jobs because of this. that's insane. >> but you have two dynamics, degan, you have the economic stud den and proof and certainly small businesses are saying, please, no, and this is a popular thing that's working. bill de blasio was elected on it. >> this is already going on as if the people are being squeezed and not being paid enough. this is happening at the state level and happening naturally. and the irony is people on the left want these unemployment benefits e tended to 1.3 million americans in the new year, but at the same time they want the minimum wage raised. so what do you want? because you ould encourage job creation or raise the minimum wage, because again,

the national bureau of economic research says mtv's "16 and pregnant" and its spinoff programs have cutte by 6%. they follow teenage girls from pregnancy through the first weeks of parenthood showing all the problems they face. the study says the programs may have prevented more than 20,000 births since 2010. in a moment, the odd weather phenomenon behind the western drought. i have low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, x@whichz@ may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with bre

public speaker also in washington we have one hundred chef when he is the president of the at was economic research foundation and in madison we cross to scott rickard he is an expert on catholicism as well as the executive editor of chronicles a magazine of american culture all right crosstalk rules and in fact that means you can jump in anytime you want and i very much encourage encourage it all hundred in washington per person of the year well deserved yes for sure few people have such respect as the pope. the catholic church still has so much kristie just so much influence around and around the globe so i'm emulated ok jamila are you elated that pope francis is time magazine's person of the year. it is despairing despairing to me that i've got to support miley cyrus pope francis is a choice for person of the year was absolutely wrong in every measure from time magazine this pope as you put it in your intro so aptly earlier is a product of p.r. he's not this major reformer who's coming in making sweeping changes to benefit the lives of the faithful he has more of the same and unfortunately that'

the country we bring and doctors on one time director of policy research division and korea economic research institute thanks so much for joining us. thank you for having me. on this year the government set to go back to the drawing room and we examined the investment related free regulations to remove all unnecessary ones can you tell us all what you're referring to here with regulations that limit investments he is wounded and two denominations. land use regulations and then especially for the service at the recreation of that regulation made main obstacles to development and growth of the service sector compared to manufacturing the product itself service act it is run into the middle and stagnant style of the reason is that many nations especially the regulations because high entry barriers. i'm a strange expression on the market and in your house religious services and education services of tourism services like that. his other major service sectors that can create hideout and it services and create more jobs but in this sense is there and numerous traditions especially. create high ent

acc for economic research in munich and essentially raw statistics of the telly for concert zero point two percent growth in two to four minus two thousand and two the panthers quarter of two thousand fourteen as compared to seeing you don't appreciate the eurozone economy has shown promise it's going to increase the private investment and trade policies and measures however the later mike and amy stein and no significant growth in the labor market is anywhere close to expect the unemployment rate means hike to ikea. i must achieve greater sales and deliveries of aircraft in two thousand to eighteen. the manufacturer has announced its total of one thousand six hundred ninetieth for this is the result of the boeing has reported about getting one thousand five hundred anyone orders last year. the guys and the european manufacturer has overtaken its american rival. however the american manufacturers to remain the largest civil aircraft manufacturer in the world the i i i. been. . i know it is. sure or scolding the book is a rusty so uber rock show. two of the month of sight. speed is dire

speaker also in washington we have a one hundred chef when he is the president of the at was economic research foundation and in madison we cross to scott rickard he is an expert on catholicism as well as the executive editor of chronicles a magazine of american culture all right crosstalk rules in effect that means you can jump in anytime you want and i very much encourage encourage it one hundred in washington per person of the year well deserved yes for sure few people have such respect as the pope if you institution as the catholic church still has so much kristie just so much influence around and around the globe so i'm a middle aged ok jamila are you related that pope francis is time magazine's person of the year it is despairing despairing to me that i've got to support miley cyrus pope francis is a choice for person of the year was absolutely wrong in every measure from time magazine this pope as you put it in your intro so aptly earlier is a product of p.r. he's not this major reformer who's coming in making sweeping changes to benefit the lives of the faithful he has more of the same

he wasn't doing either of those he was working as an economic research analyst at japan's most important think tank. when he wasn't doing any of those, he was organizing radical activist groups to see his ideas achieved some tangible impact on japanese society. for years and years they did. in the mid '20s his books and speeches urged japan to unit east asia and challenge the western. it was an effort that prepared the japanese people for war in the eye of the tokyo trial accusers. in the 30s he funded -- assassination of prime minister and signified the moment when japan's aspiring democracy effectively exceeded control to the military. late 1941, dais after pearl harbor, he broadcast the popular series of radio lectures that outlined the history of wernl political aggression and reminded learners of prophesy he had made in '25. japan and the united states would meet in a life and death struggle for world order and japan would win. his exceptional intelligence came fused with a quick temper. sort enlightened explosiveness that aspired description of him as intellectual malcontent or bri

if he wasn't doing either of those things in his working as an economic research analyst as an important ink tank. when he wasn't doing any of those teams come he was organizing radical activist groups to see his ideas but she's intact in japanese society. for years and years a day. ocala's books and speeches urged japan to asia and challenged western global hegemony. this was an offer to prepare the japanese people psychologically through war in the eyes of the tokyo trial accusers. in the early 1930s he funded an uprising that resulted in the assassination of the other and sinister and signified the moment with japan's aspiring the effectively ceded control to the military. late 1941, days after pearl harbor broadcast lectures that outlined the history of western political aggression reminded listeners of a prophecy he made in 1925 at japan and the united states with meet in a quote, unquote life-and-death struggle for world order and japan would win. his exceptional intelligence can fuse with a quick temper, sorted and might minix was amiss and descriptions of him as an intellectual m

. >> investing in research and innovation is essential for our economic future. does the prime minister agreed the open university use smart research project to improve infrastructure and just one example of how -- leading the way for our long-term economic plan? >> i visited the open university. it's extremely impressive organization i but it's also leading a very important export drive in terms of our universities i congratulate them for the representation on the forum and for the open university is doing but i think there are many opportunities for milton keynes, not least provided by a just as well and i look forward to discussing it with them in the future. [inaudible] can't afford to go to work. all because their wages are not going far enough. will the prime minister find except the cost of living is stretching families to breaking point? >> i except we are still recovering from the great recession that took 3000 pounds out of the typical family's income. but what we're seeing now is more people in work including in wales if we are seeing real wages now sta

good question to ask today because just today the scientific journal of science published new economic researcht shows tha contrary to the president's promise which is the reason that we have to have obamacare is because all of us are paying higher premiums because people in getting free care through the emergency room. it turns out that if you expand mediid there isven more emergency room usage. these people on medicaid cannot actually get access to a primary-care doctor. a lot of doctors don't take medicaid. lou: as many as one-half of our doctors don't take medicaid, just to underline the point, just, by the way, well-known. >> yes. i think this study that just came out today, y will hear a lot about that. undermines one of the central rationales of the law which is that we have to have obamacare because more people will he insurance, there will be less free care in the emergency room command premiums will go down. the opposite is true. premiums are going up, more inappropriate use of the emergency room and expanding medicaid. lou: i want to get to another policy mistake. obamacare is a seri

isind each of those things the body of analysis and economic research. there is never england framework on thinking about markets policy. the most important point is they badly need a framework for a markets policy. i think it has something to do we are trying to identify which markets are systemically relevant. the financial system depends so heavily on them. and then whether the liquidity of those markets -- is it surreal? everyone behaved as though these asset backed securities were information sensitive, completely safe. they flipped to be highly information sensitive, very quickly almost assume something went wrong. foreseen ifave been policymakers and analysts and economists have had a framework of on thinking about the as well asof markets thinking about the resilience of firms. others have been talking but precisely those things. about thetruck discussion of convertible debt. paul's paper talked a lot about that. the concern i always have is with these trigger points. once people start worrying the trigger may occur, the markets don't wait around

economics. i am laying them out as issues we should think about. we need a lot of research and a lot of work on these are the next few years. >> we will poll the audience. answers to these of those questions. [laughter] when we thought about who could comment, on this paper, marty feldstein came to mind. one of the few economists who has walked between policy and academic circles and is respected in both. and has views on whether the fed did the right thing. take it away. >> thank you. we have a very rich paper that is worth careful reading, i am very impressed at how well he was able to summarize it in the 10 minutes that david gave him. i did not get 10 minutes to comment, i realize that trying to do it in seven minutes, which was david's assignment, i better write it down or i would go on much too long. let me read what i wrote after i read the very insightful paper, dealing with the proper conduct of monetary policy under the adverse conditions we have experienced since 2006. although we might hope that such conditions will not happen again, john presents persuasive his

the national bureau of economic research found m.t.v.'s reality shows 16 and pregnant and it had an impact on the declining teen birth rate. >> researchers looked at the tweets as the show aired along with birth rates to girls. they claim the shows and their cautiousry tails for contributing to a 5.7% drop in teen preingiansy after "16 and pregnant" day pud. seven out of 10 watched the show leading them to search for the term birth control online. there's room for skepticism. the teen preg jansy rate had been on the way down tore two decades. in 2012 less than 30 out of 1,000 teens gave birth. it's a 52% drop from 1991 when 62 out of 1,000 teens were pregnant the the impact of the m.t.v. show hit after the financial collapse which had already sent underage parent-hood plummeting. any decline is welcome. the ileffects of teen pregnancy are well documented. the national conference of state legislature found 30% of teen girls cite pregnancy or parenthood. kids that are pregnant are likely to suffer health and cognitive disadvantaged. the res

a new study from the national bureau of economic research suggests an unusual force behind the lower birth rate. the teen show 16 and pregnant and its spinoff series, teen mom. in 1991, 16 teenage girls out of every 1,000 gave birth. by the time 16 and pregnant first aired in 2009, that has fallen to 39 out of 1,000, the researchers believe that 16 and pregnant could have contributed in some measure to this recent sharp decline. >> i suddenly feel so grown up. in my life i don't come first anymore. and joe's realizing that he doesn't either. we've never been more stressed and it doesn't help that neither of us have slept for days. >> would you wake up and feed him for me? >> if you don't get up first. [ baby crying ] >> a crying newborn is basically the new sound track oour lives and both of our patience is starting to wear thin. [ baby crying ] ♪ ♪ >> it's definitely taking a toll on us. >> you left the milk out again. what? no, joe. it really (bleep). >> the power of television. can a popular show like 16 and pregnant helps reverse a trend like teen pregnancy? we are join by philli

a national bureau of economic research found recently that shows like mtv's teen mom and 16 and pregnantre actually helping teens reduce the amount of teen pregnancies. people are watching the shows, young girls, and they're not getting pregnant. now, they're still having sex. they're just not getting pregnant, kimberly, so i watch the shows, and let me tell you something. it doesn't look glorified to me in any way. it may be doing some good. >> yeah, i actually liked this report. i thought that was good news and encouraging because there was a lot of criticism in the beginning of the program to say, hey, is this going to have the opposite effect? is it glamorizing it, saying you can get on tv if you're young and underaged and having a child? let's see. >> let me pop in here and say, i hope the rappers realize popular culture makes a difference. if you glorify deadbeat dads who say, i got this woman pregnant and this is my baby's mama, it hurts. it hurts us. it hurts the american people. it's wrong. stop it. >> we rag on mtv, but this is an example of cultural influence doing some good.

. >> house republicans cite a recent paper by the nonpartisan national bureau of economic research that found that it has fueled long term unemployment, not decreased it. they also point to the $821 billion stimulus package which he claimed would save 3.7 million jobs by december 2010, but by the end of 2010, there were 3.2 million fewer jobs in the country than when he took office. >> we need to have generous benefits, but we need to design a program that does so in a better way, that doesn't encourage people to stay out of the work force so long that their skills at rufee so much that they can't get a job again. >> to see how the renewal would cost you, logon to foxnews.com/yo foxnews.com/yourmoney, andplug your annual income into our tax calculator. you'll get your answer immediately. >> thank you. >>> the dow rebounded after its worse five-day drop since 2012, gaining 91. the nasdaq finished ahead 14. we have heard a lot lately about income inequality. what about the other side of the equation? tax inequality? we have intriguing information tonight. >> this increasing inequality and

the national bureau of economic research, you might not be familiar with them, but they're a mainstreamlissa: i sure am. know exactly who it is. please, come on, peter. >> i met the viewers. this is a wonky economist thing. they're basically a mainstream, middle of the road group, not known to be a bunch of conservatives. in fact a lot of people that write for them come from liberal universities up in the northeast. they have found that the majority of the additional unemployment caused by the great recession has been because by extending unemployment benefits. there you go. melissa: absolutely. where does the funding come from right now as we say today sitting here and extending it? where does the money come from? >> either they find the money cutting spending someplace else or borrow more. if they find money by cutting spending somewhere else it will be a drag on economy. when the government is appropriated a dollar it spends the whole dollar. when the unemployed get a dollar they don't spend it all. some of it they use to buy down their debt. they pay off credit cards and things like

back in 2006 the national bureau of economic research, nonpartisan, called this a fiscal crisis and basically people, because the changes in the after tax disability insurance income replacement rate, it's strengthened so workers will seek benefits. in 2006, the nbr basically said people are taking advantage of the system. >> some people are. you just did a segment on about 100 of them and that kind of fraud is obviously unacceptable, and it's clearly fraudulent because you really are supposed to be severely impaired. people on disability are allowed to do a little bit of work, but nothing like what you just saw if you earn over $1,000 a month, you should be ineligible. but listen, one of the things you said that's very important, we have to separate the fraud from the legitimate increase in the rolls. there are three demographic factors pushing up on the rolls. one is the aging of the baby boomers, people like me. we are more likely to be disabled as you go into your later years. increase in women in the labor force, the disability rates among men and women are now about equal. that didn't u

national bureau economic research, well-established non-partisan group, most of increase in unemploymentt recession can be accounted for by the unprecedented extensions of unemployment benefit eligibility. even president obama's former chief economist, alan krueger said, quote, job search is inversely related to the generosity of unemployment benefits. so is there any justification for extending these benefits? >> from the very beginning i would argue the moral case, there is not an economic case that doesn't exist to give these benefits. certainly the constitution doesn't permit it. but we do know he a general rule i believe we can trust. if you subsidize something, you support something, you get more of it. what you just quoted there is evidence that if you subsidize unemployment you remove incentive to go out to take a job. david: right. >> what they have to compare to, maybe there was a job that wasn't as good as their previous job or wasn't as good as unemployment benefit and they would have to work for much less. so the disincentive not to look for a job is certainly there. david:

. >> i respect you but i think there has been study after study, national bureau of economic research, those are the guys, those are the blue chip guys, ivy league guys, they put out report after report, minimum wage does damage. i know this is a debate. i know we will disagree. but i'm just going to say, there are plenty of reports that show -- >> the final word. >> work should pay. i think if we give people a chance to earn a fair wage, it's going to not only help the economy but certainly incentivizes. we have to make sure we focus on -- >> next time we have you back, i want to talk about the fact that some of these jobs may never come back. >> that's what i think. >> that's very worrisome. >> this will sound wild, but one of my solutions, all right, is to abolish the corporate income tax all together. it is not really a tax on corporations. it's a tax on wages and a tax on workers and a tax on consumers. it's a pass-through. get rid of it. we'll have to figure out -- >> let's have a show. >> we'll get rid of the corporate subsidies that we do not need. what i call crony capitalism

while the center on economic policy research wants to create incentives for employers to promote worksharing programs. this is back to work day for millions of minimum wage workers and in 13 states, they'll have gotten a raise. in most of these states the increase is 15 cents an hour or less. there are some dramatic increases though.the citizens of new jersey voted to raise the minimum by 1-dollar to 8.25. it'll be 8 dollars in rhode island and new york and 8-70 in connecticut.21 states now have a minimum hourly wage higher than the federal level of 7 dollars 25-cents.washington state has the highest minimum wage of 9.19 an hour.this could be the year raising the federal wage becomes a national issue. from the white house to congressional races, democrats have been buoyed by polls showing public support. something to note if you're in the midst of a holiday road trip--which states are stepping on the gas - tax? wisconsin has the lowest tax in the nation - just a quarter a gallon. wyoming, california, kansas and new york are just a few cents higher.at the high end of the tax scale. oklahoma a

as carmen and ken noted in their recent research, economic activity following financial crises tends to be anemic, especially when the expansion was accompanied by rapid growth in credit and real estate prices. weak recoveries from financial crises reflect in part the process that a balance sheet repair. households pulled back on spending to reduce debt burdens, while financial institutions restrict credit to restore capital ratios and reduce the riskyness with a portfolio. in addition to these financial factors, the weakness in the recovery reflects the overbuilding of housing and to some extent commercial real estate prior to the crisis together with tight mortgage credit. indeed, recent activity varies, in comparison to the construction more typically seen in recoveries. although the federal reserve, like other forecasters, had tended to be overoptimistic in its forecast to real g.d.p. during this recovery, we have also at times been too pessimistic in our forecast of the unemployment rate. for example, over the past year, unemployment has declined notably more frequently than we

a new study by the bureau of economic research.he study says the runs of the latter have grown further apart and equality has increased. one of the study's author says the results were unexpected. >> we looked at the extent to which kids moved up and down the economic ladder. what we found is the extent has not varied a whole lot of overtime. charles: it is the political priorities this year. the study says a child born on the lower fifth of the income ladder has about and 8.5% of making it to the top. for those born in 1986, their chances were 9%. back to you. connell: thank you. a whole type of mobility year. more than half is expected to be lost in taxes. these numbers were crunched by americans for tax reform. over the seven year term, they are expected to pay out nearly $87 billion in federal, state and city taxes. no surprise exactly right. dagen: have fun. such warm, loyal fans. facebook tries to get smart with princeton. the university questions how may people will stop using the social network in the coming years. connell:

jobs, they feel like the economic research -- if it is not 100% conclusive, there is plenty that willhow that this will cost jobs. your folks do not believe that. how do you counter that argument? >> the weight of the evidence from looking at years and years of these increases at the state and federal level is that there is no job loss. that is a red herring. giving people more money, putting money into the pockets of low-wage workers means they will spend it. they need to. that stimulates the economy. it does not cost jobs, there is no evidence any more than it does. >> there have been people that have spoken out saying it costs jobs and there'll be smaller businesses that cannot afford to $7.25..10 as opposed to >> the $10.10 happens over three years. it is gradual. the kinds of businesses that are paying $7.25 an hour mostly international. they are not competing against countries where they will be undercut. this is hospital workers, restaurant workers, people working in hotels. all their competitors have to pay higher wage, too. it takes a little bit out of the profits of people w

i think today watching the president of the national bureau of economic research on our air commentingan enacted and put into place in the summer of 2009 really got me thinking. and one of the things james potter said, cash for clunkers did manage to get more people purchasing new cars. okay, i don't have a problem with that. but much independent research has been done since and here's another vision of how that all worked out. the program increased new vehicle sales by about .36 million applying at approximately 45% of the spending went to consumers who would have purchased a new vehicle anyway. our results suggest no gain in sales beyond 2009 and hence no meaningful stimulus to the economy. but i think it's worse than that, okay? i understand that those were trying times, but to put a rubber stamp or seal of approval on this from the nber, to me it goes to show why so much research just lacks a bit of common sense. and i'll tell you why. thanks to the people at the national automobile dealers association, you can see on the screen that one of main effects that we should scone trait c

alexander with the center of economic and policy research. >> when you hear the number that is thrown around, billions of dollars have gone to haiti, that tends not to be true. i think it's probably not much more than $1 billion that's effectively been spent. yes, i think in people's minds there has been more money that has gone to haiti than actually has so far. >> reporter: in his report called "breaking open the black box" he found that of the money allocated to haiti by the u.s. aid for international development, only 47% has gone to organizations. the rest has gone to ngos and u.s. contractors. >> if we're partnering with ngos and partnering with contractors we have brought in that are responding to our requests for service providers, then they had better be held to this same accountability standards we would hold anyone to in the united states. >> reporter: congresswoman yvette clarke democrat from new york has some of the largest haitian communities in the u.s. >> we have to find out who was responsible, and hold them accountable. if this indicative of our missions overseas it'

for economic researchers, i have the happy message that this crisis is going to provide a fertile ground for academic research for a long time to come. thank you. [applause] >> it is a was a great pleasure -- it is always a great pleasure to have tenure reflect and push all my buttons. i was talking to someone as i came into the meeting. how are we doing about measuring the contribution of the internet to economic welfare and throughout put? output? there was a long silence. not very well. one other thing -- i do think this issue is a puzzle about why is it that is the cycles caused by financial crises our business -- are different? there is persuasive evidence they are different. you just look at your standard model and it is not clear why they should be different. this is another one that will outlive the career of the current graduate students. be bycond comment will emile. he is in edward eagle brown professor of finance. his research is banking, business cycles, corporate finance, my setting, and monetary policy. among his outstanding contributions is a reason one where he organized

in january a study from the national bureau of economic research surveyed the most recent studies and concluded the evidence still shows that minimum wages pose a trade-off of higher wages for some against job losses for others. brooks continues, the story for strivers and entrepreneurs is no better. scott shane of case western reserve university has shown that business formation fell by 17.3% between 2007 and 2009. launching a business is never a walk in the park, especially given the explosion of red tape at all levels of government. while it is still possible for the educated and comfortable, government bureaucracy can crush entrepreneurship entirely for those at the bottom of the income scale. as a pro-poor rule of thumb, i suggest this, if you want to start a landscaping business, all you should need is a lawn mower, not an accountant and a lawyer to help you hack through all the red tape before setting up shop." i think brooks is right. regulatory overreach is also holding back american business. regulations can be helpful. they ensure the health and the safety of americans. how

yet the national bureau of economic research can now with the study a couple of months ago saying, wecause of extended unemployment benefits. cheryl: it is also about minimum wage. democrats don't want to talk about health care. they want to shift the conversation to a minimum wage and unemployment. >> and that is the big fight you will get from democrats. president george w. bush ran to expand the program when unemployment was sitting in around 5%. that was a bipartisan effort. this is a different situation. the hefty price tag. over six and a half billion dollars. this is a difffrent time, different strokes for different folks. i think that people need to take into consideration where we are in this economy verses the last time. dennis: over a hundred billion per year, and the recession was supposed to be over in 2009. >> you cannot argue for higher minimum wage and the economy doing great. you can't have it both ways. dennis: all democrats have in 2014 is not the record of the last six years, not any kind of job creation but the sense of and come in the quality. is this symbolic? a

. >> while estimates vary, this study for economic policy research pegs the total pension research around 500 billion, nowhere close to what the governor told californians. >> in the governor's defense he was candidate about the bread and butter of our budget and rise and fall with a volatile stock market and business cycle. he proposes a rainy day fund to help californians from the next recession or disaster. governor brown didn't lie about other matters, either. i'm sam brock. >> good information, thank you, sam. >>> still ahead, with today's state of the state, a hint that governor brown will run for e reelection. larry will join us to address that around 6:30. >>> the flu is turning more de d deadly across the bay area. experts say the number of flu cases is expected to rise as the flu season continues for the next few months. >>> the raiders, not just having trouble on the football field but also off of the field. the team's cheerleaders say they are being treated unfairly. lacey tee filed a lawsuit today. this was her promotional video from the website. the lawsuit claims they under

pledged $1.5 billion in aid, according to the center for economic and policy research, the vast majority of the money went to straight u.s. companies and organizations. only 1% went to haitian companies and groups. the report also noted a lack of transparency as the state department was not required to track anything after the initial $1.5 billion pledge. in the end the u.s. has pledged even more, a total of 3.6 billion in all. so how can there be so little progress and so little tracking of the money? joins us for more is keisha, a southeastern policy analyst with action aid usa. they advocate for the land rights of small farmers and women in foreign countries. joins us by skype is a citizen journalist in at a time tan and we have the co-founder of god ministries, and they do a lot of things including building schools and supporting orphanages in the after math of the quake. also in the hangout is ben. welcome to all of you. obviously, a big part of the discussion is digging into the money trail. before we do that, take us back to that day in 2010. you were in an internet cafe right bef

for economic researchers, i have the happy message that the crisis will provide fertile ground for academic research for a long time to come. a.q. [applause] >> it's always a great pleasure to hear ken reflect and push all my buttons. i was just talking to someone who came into the meeting from the bureau of economic analysis about how are we doing on measuring the conjugation of the internet to economic welfare and to output? and there was a long silence, not very well. and then one other thing, i do think this issue is a puzzle about why is it that business cycles caused i financial crises are different? bears persuasive evidence they are different, but you just look at your standard model, it's not at all clear why this should be different so this is another one that will outlive the career of the current graduate students. so our second comment will be by anil kashyap, the edward equal brown professor of finance at the booth school, business at the university of chicago. is research -- banking, business cycles, corporate finance, price setting and monetary policy. but among his outstand

but on the other hand, a big study just coming out from the national center of economic research showsraception, decreases teen births, that in 2010 right after the show started, 20,000 live births from teen moms were prevented by this show and by other spin beoff shows, and i think maybe the reason is because it might be the only form of education that certain -- jenna: that's interesting. what the studied find, and it's tough to have direct causation. the study does point that out. >> good point. jenna: it did find on social media when the show was running, there was a lot of searches for contraception and searches for abortion as well. so it's tough to know what the reason was for less teen pregnancy, but it does beg the question about what gap perhaps the show could be filling. >> well, that's a great point. and if it's abstinence or con rah sense, i'm all for it -- contraception i'm all for it. using abortion as a form of birth control can i'm way against. but, again, it depends on how the show chooses to present it. we're entering a world, three million viewers or more, we're ent

in 2012 national economic research associates analyzed the impacts of several epa regulations affecting coal-fueled electricity generation. comply ans costs for the electric sector averaged $15 billion to $15.7 billion per year. u.s. employment losses average 544,000 to 887,000 per year. given epa's recent new source performance standard proposal which hinges upon unproven carbon capture and sequestration technology, americans can only expect even higher energy prices and greater job losses. countries that have made shifts away from fossil fuels are now finding such policy positions to be untenable. "the new york times" reported last year, quote, europe faces an energy -- a crisis in energy costs. in britain climate changes and charges add 19% to the electricity prices that large manufacturers pay. steel production is down about 30%. britain, where the average annual household energy bill has doubled since 2006 is approaching a tipping point where large numbers of people decide to switch off heat permanently." the "wall street journal" reported, quote, support for the european union's c