extremely small amount, in turn, having a smaller effect on loans like housing loans or auto loans ect.. the stimulated agent -- act of that action is small, but on the other hand, the concerns we've had or some have had is that if there is no return on institutions, money market funds, repo markets and so on could be liquid because there's little incentive to act in the markets when interests pay zero, why not just hold cash or fallow reserves? so the concern is that, perhaps, the federal funds rate itself is less informative because it's determined in a less liquid market. those are the kinds of concerns we've had. now, we've seen interesting experiments, and relatively recently we've seen in europe, for example, that an interest rate is cut to zero, and it's hard to judge what the effect of that really is because the interbank markets in europe are not working very much anyway. there's a bit of a question what effect that had. those are the tradeoffs we're looking at. it's wrong to think of this as a major tool unused. i think if it were used, it would have some effects that would p

they are not happy with our extremely loose monetary policy, exporting inflation to them, ect.. i believe that's an issue, but i believe they are capable of acting quickly and filling the hole in the banks. that's a much harder thing. we didn't do that. the president had a proposal, secretary geithner in march of 2009, but it didn't go far. we had a gradual recapitalization of the banks, raising $300 billion of capital, assets more concentrated in the largest banks, but the -- so that's a positive in that sense. our banks not as weak, but recapitalized by fed policy taxes savers. >> talk about the fed and world central banks for a second. central banks pumped $11 trillion into the global economy for the last four years. look at the balance sheet expansions. will this end badly? all the money central banks pump into the world economy? start with you, michael. you've written about this. >> i think it's a serious risk. i don't think it's imminent, but i'd make two comments about it. one is it certainly appears that the -- these extraordinary types of quantitative easing, non-tradit

i thought a day job, all students around the country, time zones, ect., ect., and he said make tutorials. make them up on youtube, and i thought that was really youtube are for cats playing piano, not serious, but i gave it a shot. long story short, that go a ton of traction. people looked at it. the word is i was working on a software tool for my cousins. there was a view, hey, maybe could be used to help people. the set up is a non-for-profit, and in 2009, i had trouble focusing on my day job, so i became full-time. >> tell me about the khan academy? start with the business model. the big audacious school and the business model you have been on. >> guest: yeah, so, well, maybe i'll go the other way around because, you know, when i started this, i came from a for-profit reality. i have friends who are venture capitalists, saying, we can fund this, a double bottom line business, whatever that means, and there was a lot of temptation there. nothing wrong with that, but the feeling, i was getting all this emotional reward from the thank you letters people sent me and the cernes that, hey,

ect. several journalists, several killed, one survived, but that was in a narrative sort of a way.in other words, the day developed in its own way, sweet generous. one of a sort. he may or may not have actually had intense intentions to kill everybody. he had the poisens and pumped them with ideological motivations why they should. but on revolutionary suicide, it's not that they committed suicide, but murders. there was a truck that went to the landing strip, killed representative ryan and killed the journalist from the chronicle or examiner, i forget which it was. there was a combination of suicide and murder, and, of course, some of the people survived like larry who survived, like, for example, mark lane survived. it's a little bit more complicated, and so the question is what made that day sweet generous or what made the narrative unfold exactly in the way in which it did, and, of course, it seems to me, reading something about this anyway, that sly has something to do with the navy veteran whose wife was apparently going to go back to civilization with representative river, -

that's on ect

it's because of things like spectrum limitations, ect..that to work in concert, i think of mobility and wired broadband access as complementary. >> host: so much policy right now, or so much of the policy discussion is focused, though, on wireless and that mobility so what you said is a little off from what we're hearing here in washington. >> guest: well, i think there's definitely been a big focus on wireless, and what the capability is. we're out there in the world today and understand that the spectrum limitations are real. engineers tell you about that, you just can't deliver the bandwidth we need to really accomplish the goals that businesses and consumers want in their homes, and so what we're trying to do at is constantly remind people without the wired network, you're not going to have the wireless network, and so the policymakers, i think, understand it better than ever that you need fiber facilities into these cell towers in order to enable them to carry broadband at fastst -- faster and faster speeds and capabilities in the hom

. >> there was no question in the mind of anybody that this was an ect of terrorism from the get- go. eporeporter: by the morning after, the c.i.a. knew some of kee attackers who killed four americans were members of extremist groups. yet president obama refrained from calling it a terrorist attack when he spoke with steve kroft on "60 minutes" that afternoon. >> do you believe this was a terrorist attack? >> well, it's too early to know exactly how this came about, what group was involved, but obviously it was an attack on viericans. >> reporter: from intercepts of dell phone calls and text messages during the attack, the c.i.a. knew some of the attackers belonged to al qaeda in maghreb, a north african affiliate of al qaeda. but petraeus testified any mention of al qaeda was edited out of unclassified talking points prepared for u.n. ambassador susan rice when she appeared on face the nation five days after the attack. according to peter king, how that happened is a mystery. >> nobody knows who came up with the final version of the talking points other than to say the original talki

dennis: michael, parties warning aboutth terrible cults in defense, ect., but with that huge amount ofan't we cut it some without hurting it? >> i think that we could actually cut back in defense, but don't forget, we have. we put in place $1.2 # trillion in spending cuts, $300 or $4 # 00 billion from defense. the other portion is from non-defense. we have cut defense a little bit already. maybe we could find some more savings, but these automatic across the board cuts are a bad way to do it. both sides agree on that. dennis: ike and mike, we appreciate you being here. >> thank you. cheryl: okay. we talked about this in the show, a romney stock rally. stuart barney makes the case coming up next. dennis: highest foreclosure rates in the country makes nevada a battleground state. we are live from there in moments. ♪ >> this is your fox business brief. ford and gm cashing in on a political dispute in asia. the american auto maybers enjoying a sales spike as japanese brands suffered due to a political dispute. ford had a 48% increase year on year in october. gm posted a spike of 14% year o

he is grounded for rey ecting a bloody -- re-electing a bloody amateur. >> you didn't vote for barack obama, but your son did? >> i can't vote because i am bloody scottish. he doesn't know anything about him. he plays basketball. i was livid. i am going to be on the news tonight, dad. no. >> wow. sherrod, obama won the popular vote by a narrow margin compared to 2008. so really he lost. >> listen, man, it was a good race. mitt romney, god bless him. he is a good dude, but it wasn't his time. here are the real winners of they lexes, fox news. fox news. everybody looks sad. it is like, he just breathed life into this building. you make the most money in these four years than anybody. you should have thrown a party when he won. what are you nuts? >> i remember when i worked for the american spectator during the regan years and it was at like 25,000 circulation. during clinton it was 250,000. so opposition always benefits. but you never that because you have people who are unhappy who may say i'm tired of the political process. i don't know. >> that doesn't count because that magazine suc

in and a woman governor the entire women thampshire so that, of c includes new hhampshire's governor ectsan. she beat republican lamontagne and she joins me now. governor-elect hassan, i apologize for messing up your name, before the i will n/ybi. first of all, congtulations on your victory. >> thank you very much, chuck. morning. >> let me askou about how new hampshire is getting covered this rning, the an all-women delegation both now in congress and in the executiv anomaly or something else going here? w we are a state with lots and lots of governmentu and opportunities for service there and a very large state so women participate apts in the political process here for a long time and as you know the first woman to serve as a governor and now a u.s. senator is jeanshaheen. >> governor-elect, did you sign the pledge, the tax pledge that normally is a big deal in a sta? >> yes, no sales or income tax,a that'sht i know you don't get elected in new hampshire uesthat. do you have any concern about doing that, though, with all of the potential fiscal challenges that states have t deal with

but the family told firefighters they had heard the de ect iter beep -- the detector beeping and they thought it was a low battery. firefighters and medical technicians are helping a mother and her small children into an ambulance on court land avenue in -- vernal heights. firefighters and several ambulances were called at 7:00 p.m. after receiving calls of people feeling faint possibly due of carbon monoxide poisoning. >> they did have co readings in their system. we have 11 patients being transported for further observation. >> people transported are family members and friends visiting from the thanksgiving holiday. she was visiting in the lower unit when the firefighters arrived. >> the neighbors came down and told us we should get out because the uh -- the alarms were going out and they tested positive for carbon monoxide. >> when firefighters tested for carbon monoxide the readings were negative, but the home's co alarm was emitting a steady beeping sound. >> they said it was going off for several days. they thought it was a low battery. >> this is the co testing gear the firefig

the workers do not want to be unionized, they say, we help you get higher pay and better benefits, ectif you don't want to join us to lure them in. >> funny how they do it, taking business away from wal-mart to get better pay. it's dollars and cents, and it doesn't work that way. there's a corporate campaign, trying to hurt walmart's reputation, take their business, and walmart gives into something called neutrality agreement taking away the secret ballot of workers because they want a card check campaign to intimidate worker to join the union. david: move to michigan because this overlooked by the media, focusing on the presidential election. the unions spent millions and millions of dollars trying to change the michigan state constitution. there was a referendum on that making it much more difficult for the state to have imposed a -- some kind -- adopted a right to work law like in wisconsin, ndiana, and elsewhere. exactly how much of an import is this loss to the unions? >> oh, well, it was not just trying to ban right to work, but give government unions and effective veto over past

but the family told firefighters they had heard the de ect iter beep -- the detector beeping and they thought it was a low battery. firefighters and medical technicians are helping a mother and her small children into an ambulance on court land avenue in -- vernal heights. firefighters and several ambulances were called at 7:00 p.m. after receiving calls of people feeling faint possibly due of carbon monoxide poisoning. >> they did have co readings in their system. we have 11 patients being transported for further observation. >> people transported are family members and friends visiting from the thanksgiving holiday. she was visiting in the lower unit when the firefighters arrived. >> the neighbors came down and told us we should get out because the uh -- the alarms were going out and they tested positive for carbon monoxide. >> when firefighters tested for carbon monoxide the readings were negative, but the home's co alarm was emitting a steady beeping sound. >> they said it was going off for several days. they thought it was a low battery. >> this is the co testing gear the firefig

ect. >> reporter: again i have to ask are patients compromised?concern that yes, that they are. >> reporter: the state found no evidence of neglect in james franklin's case, but the franklins are not convinced. >> they absolutely should be shut down. >> reporter: given the nussle home's continued problems state -- nursing home's continued problems state regulators say they are on track to shut it down. state health officials conducted a full inspection done last month. normally that's only done once a year, but the state went back just seven months after its last full inspection because of the recent death. the results of that inspection have not been released. >> the state gave this nursing home until march to improve or be shut down. is that something that would happen immediately or could this be a lengthy process? >> there is a process that has to take place to notify the facility patients and the family members if a nursing home gets shut down. now measures have to be taken to move those patients to new facilities that. can take some time, bu

sight, that kind of stuff, and the other is we reached out to all the regulators, fbi, pent began, ect., and we said we have flown to washington, constantly briefed by the fbi saying you have to be in the community, we'll open up to everything. you need to know what's possible. it's not my job to regulate. it's not my job to enforce. it's my job to help the regulars and enforcers do their job better. we feel our responsibility is to bring entities we trust in protecting our safety, bring them into the process and allow them to see what's possible, spot the bad guys early. by the way, we have a deal if you say something in the community, if you, like, so, here's the drone idea, and, you know, it's going a real long distance, you know, a payload that could be dangerous. dude, that's is sketchy. we'll call up the friends in the fbi just like that. we told everybody we're going to do it, and we feel that's our responsibility is to let the, you know, let the pros do their job. >> do you think it's time for laws of robotics? >> the three laws of robotics are the rules that stop robots from k

if you livet universe they've hermetically sealed themselves inside, barack obama can only be ected througho actualsuppo hypnotized -- >> i so appreciate you explaining this to me. >> they've developed this alternate reality because it feels good. and, unfortunately, they haven't -- there's no adult in that party who can say to the voters on the republican side, you lost this election and here's why. you're too extreme and let me explain to you why that invitens people. there isn't anyone. even mitt romney doesn't have the stature to do it. >> we are watching the first family arriving at the airport in chicago, about to board air force one. we were speaking -- you were aren't many! people there is own-ups in the say. establishment is now the minority. you're going to see a tremendous hispanic vote for president obama. overwhelming black vote for president obama. and women will probably break president obama's way. people feel that they are entitled to things. and which candidate between the two is going to give them things? >> does that remind you of the president being described as someon

. >> per ect f that is what we like to hear. >> time to say hello to julie wright again. >> perfect. that is what we like to hear. >> lighter volume as you continue to work your way across the american legion bridge. the inner and outer loop rolling smoothly at this hour between 270 and tyson's. 66 is still quiet for those continuing inbound leaving manassas headed in towards the capital beltway. southbound along 270, volume increasing just a bit. accident clean-up continues right now at 234 south at ballsport road. no one is getting by at this time. >>> all the manning, preparation and promises come down to this day. today, voters choose who will lead the nation for the next four years. >> polls have just opened in virginia, a crucial battleground state. they will open in maryland and virginia at 7:00 a.m. president obama and republican challenger mitt romney made the most of their final moments on the campaign trail late last night. >> we didn't know how deep the crisis would turn out. but we knew we would get through those challenges the same way this nation always has, with that

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ect red campaign. our coverage begins at 6:00 p.m. eastern. coming up next here on c-span, "q&a" with documentary film producer and director matthew heiniman followed by deputy british prime minister and this year's veterans' day ceremony at arlington national cemetery [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> this week on q&a, film maker matthew hineman discusses his documentary, escape fire. currently available in select theaters, i tunes and video on demand. >> one of the things on your biosheet that i noticed is that you developed a multimedia undertaking called the young americans project in the last few years. what was it? >> the film project called our time. i actually studied history in college. i actually wanted to be a teacher and i got rejected from teach america and sort of was sitting around with my college friends trying to decide what to do and we hatched up this plan to drive across the country interviewing kids from all walks of life. we got sponsorship

> at ect rht >>ig, d rhaps that true from bob's pepective. ion tnkherede obama'views are identical to bob's. bui ndo inth - >> that's an understatemen >> yeah, but i do think that barack obama -- >> you've enui ctil oba ri t fsthr ar >>ut tnkhabarack obama is very much a progressive. i do not think that he's an eisenhowereplin a geldorreblan i inth hs mee o al ds want to deepen a larger social transformation. i'm also somewhat, i also lie ate al ds lie ts eahapuic vement is what will likely gw e ony. >> when i grew up president amwod veeeconsidered a moderate republican i suppose. mae medyou he id he's a liberal republican, and i ghha tenss wh . tnkhawee, you know, with president obama we know wh wveot and i expect more of the same. i think that he'gog t d ke dl thhe republicans on this fiscal cliff in and i think it's the wrong way to go. i n tnkhaauery and more taxuts are going to do anything to help working people. i init auay into ha wki ppl i think itl end up throwing more people out work. we should just let the bush tax utexrende ou e t

he indicated he would not have ben bernanke in for another term, ect..lly interesting. no money poured into the market, yields go up. we'll see. good stuff. >> thank you. tracy: a little chime there as well. stocks waiverring near the flat line into election day, but the next guest says it doesn't matter who wins. the pressing issue for the economy is still the darn fiscal cliff. joining us is john, glad you're with us. sandra smith reported if romney wins, markets go up. you don't think so? >> well, you know, i think the markets are going to have to make a determination tomorrow evening at some point based on exit polls or whatever it is, and they have determine short term, medium term, long term. it might very well be the state of ohio is called for governor romney, and the market goes, oh, that's great, but then remembers that makes it more difficult for the fiscal cliff to get resolved. i think what the markets have to parse out is what their view is between now and the end of the year when we have to fix want fiscal cliff, and then over the medium a

grounded and delayed #, and now they are getting back to normal and working on it and resuming flights, ectgood news for them. happy for them. obviously, we want them back in action. a week before thanksgiving, stock down 1.25% trading as dloa as 19.60 and others higher. other thing worth noting, a week before the big holiday, but also, this is the third time united continue thenal experienced a computer glitch since june and left travelers frustrated where think were beginning to use their twitter accounts and tweeting frustrations from runways and airports about delays. back to you. cheryl: thank you very much. nicole on the floor of the new york stock exchange. a story we broke here on fox business, united flights experiencing delays after being grounded across the country by a massive computer failure m joining me is the former inspector regime at the department of inspection. mary, thank you for joining us. their third failure since june, how long to get operations back on track today? >> they'll get op track right away spoons the computers are functioning right, but the problem is the

. >>> back here at home, it's been 24 years since michaela gang ect's disappearance.chaela garecht's disappearance. this morning at 10:00, her mother will hold her annual gathering outside the market where she disappeared, now called mexico's super. right now, tests are being performed on a bone fragment to see if it could belong to michaela. the bone was found in a well in stockston. but stockston. >>> investigators are looking into two vish space -- in stockton. >>> investigators are looking into two suspicious fires. two cars were destroyed and then early yesterday morning there was another car fire. two cars and a motorcycle were destroyed there as well as the storage unit containing the family unit and toys. at this point, the firefighters don't think the fires are connected. >>> and firefighters in san francisco are trying to figure out what caused a house fire in the outer richmond neighborhood. the fire started at a home on 47th avenue between gary and anza street. one person was inside the house but was able to get out safely. >>> 7:54. well, in just a couple

it at universities whether that's prizes or awards or salary or compensation, retirement benefits, ect., and so i think the way, and the only way you can get at that, the right know, as you said with the hiring and retention and retirement patterns is to ensure your budget in operation actually has the right incentives that are very positive and encouraging for faculty to progressively be able to advance through their career, but if you don't have the right incementive, you're not going to get there. >> this is a challenging issue. it was quite clear that the impact of the recession, collapse of the market in 2008, had -- was great on faculty and defined contribution retirement programs. they lost typically 30%-40 #% of the assets. a lot of that is recovered, but their coved -- confidence is not recovered. approaching the date they normally choose for retirement, they wonder could this happen to me once again 10-15 years out? they delay retirement. at the same time, there's young faculty looking for permanent positions. in part, it's due to federal policy. there's been -- the enormous

. >> >> they are all democrats that gotti ect elected. >> the best qualify person who should be in the position. >> be sides the fact we are mostly multi taskers and we have to handle things other than our careers, do we think different issues that are important to us? to be honest, i think women would help drive the vote and women will have to stretch the dollar and maybe even convince men to vote the same as us. >> i think everything happens differently. i don't think it has anything to do with a person's sex. >> regardless of what your position is on the issue of life and abortion i can't imagine a woman running out of office saying you can't get pregnant if you get raped. that's something -- she can be pro life, but no woman who has ever experienced childbirth or knows the first thing would ever hope to that. >> murdoch lost because of the do zit mat race issue. >> we care about the economy. we care about jobs. >> everyone does. >> look how women have made a difference in the senate. we will have more women in the senate now than we have ever had. 20 years ago there were, what, thr

not only do we reduce inequalities, but help the economy like infrastructure, green power, education, ect. >> jim has the final word. >> amazed by all the things we're going to buy by raising the top tax rates from 35% to 39.6%. i'll do it myself at some point, interesting to calculate all the things i've heard people are going to buy, and then twaim, the revenue you get, you get from doing that. there would be a big difference between the two. i think a flaw that with a lot of our economic thinking, and a flaw even in the way some of our economic statistics are calculated is there's a bias and favor of consumption, and i think we have to look at production as being more of a wealth creator activity than consumption. production is what makes consumption possible, and i think by having the bias in favor of consumption, we sometimes neglect the degree to which savings and investment can be beneficial to the long term betterment of people. one of the biggest things that drives wage growth has been capital improvements over the course of the 20th century tracks very closely to increases in wa

we had an economy that was not supposed to be elected theident -- reelct ect president. when you have 43 months of more than 8% unemployment and look at the gdp and disposal income and house network and poverty rate, this was not an election that was intended to be elected president. that was sort of how we started off the year. then we had one party that decided to require all of its candidates for the nomination to jump off an ideological cliff. that is punctuated by that february of last year's fox news debate. they asked each of the candidate if you would take a deal that for every dollar in tax increases there would be $10 in spending cuts. not one hand goes up. you know mitt romney knows better. you know jon huntsman knows better. the other six -- [laughter] you know those two and the fact that two rational, reasonable, highly intelligent people concluded that to raise their hand would be to slash their throats for the nomination, that really tells you something. the third thing that was really important to me was that you had a campaign that decided not to define

officials have gone out to critical infrastructures, nuclear power plants, electric power stations, ect, talk to them about the threat, provided them with very specific tactical information allowing them to better protect themselves, protect the equipment they are operating, and to make the country safer. it's a great example, but the fbi and dhs have to work collaboratively along with the intelligence community to make this country safer. >> host: robert, new jersey, democratic caller. hi, robert. >> caller: how are you doing? >> guest: good. >> caller: i have a question about the quality of the cyberspace due to the fact there's so many outlets with apps and everything going on through the space being absorbed by a lot of different things. you know, the new phones and everything, but we can't get something simple like training procedures that bring, you know, suspicious problems going on where, like, i'll give you an example. you know, like, when the terrorist attacks on 9/11, the pilots that were from the country's, you know, that we were not really aware of some of these people, but

johnoehner after the ect o has anaying t cit when our nationaebtiend it aaffordcteen c on table keepay. entitlements on a ole need on on t ussion we're going to month, but t ultimate f i but medicaid is the mostco tire hñuealth caructure. if me pto look f>> an ad t e) at projecti in medicare hat a fund a >> c t ining is the singl the conservative opponents ofaca conservative skeptics have critiques about cost control. you see these sort ofservatives going to materialize, and single payer people say no, single payer is the only way to get the kind of cost control you want. i'm curious, whether you think we're going to see the cost being projected. >> well i'm very skeptical that the aca cost controls are going to be effective. you know we could save $500 million if we just did allow us to cover everyone including the people we're leaving out. the cost control that we're -- the infrastructure isn't in place with the aca. >> you're saying on the delivery side? >> on the delivery side. >> and don, this is what you have worked on right? this is what you have done your life's work on. but

as you saw, and chris we sho(9u mention concession speech in ect to go hear at means that from upset unseated him tonighin want too to chuck todd briefly in what we in these rac. >> as i tried toand it, flohva,els tell that.5 of 1% -- maybe those cases where we've got to wait until everything comes in. as far aerned, there are some concerns about how the absentee vote has been counted, has been calculated in helps tants here.i alwant to te you where a is missing in ohio, because i know folks are curious about that. there is ai ton of vote. there a couple hundred thousand votes that missing in cuyahoga, lucas county, there's still a couple 00,000 we're waiting on in cincinnati. there's a lot of that haven't come in in ohio for what it's worth. let me go to virginia and telln could tip the baots. we know a lot of fairfax is filly coming in. but th still a lotvirginia bea area, could endng so ng on. but i'll tell you, northern virginia, they'retill could be a couple hundred tusand votes 1%, it shouldn't be ted there. surprising. we know going backour years ago that virginia and en poll