joining us is jim hyerczyk and ira epstein. jim, bullish, bearish with gold through the end of the year? >> bearish gold in the short-term. i think we will see some backing and filling around the $1,000 level until it can build a base, and then i'm looking for abolish move towards the end of the year. the market needs a little bit of direction from the dollar. i think to get its boost. and from a technical side it seems to be a little bit hesitant around this $1,000 level. usually it has a stronger run whether it crosses major price thresholds. so in the short-term i would like to see a base built and i would look to be a buyer on dips so i would have to call it bearish short-term. >> how about it, ira, you bearish in the short-term. >> today i bought gold for clients on recommendations and i'm thinking tonight i'm taking some profit. and i don't like trading that short-term. it should have popped today. silver is on the rise and gold isn't on the run and i thought gold would run today and it didn't and what do you. >> on the p

thanks to julian epstein for joining us today.oming up, the queen of daytime slipping frommer her throne. find out what she is doing that could cost you money, next. doesn't make you choose. it neutralizes acid in seconds and controls heartburn all day or all night. pepcid® complete , works now and works later. who needl day or all night. assistance getting around their homes. there is a medicare benefit that may qualify you for a new power chair or scooter at little or no cost to you. imagine... one scooter or power chair that could improve your mobility and your life. one medicare benefit that, with private insurance, may entitle you to pay little to nothing to own it. one company that can make it all happen ... your power chair will be paid in full. the scooter store. hi i'm doug harrison. we're experts at getting you the power chair or scooter you need. in fact, if we qualify you for medicare reimbursement and medicare denies your claim, we'll give you your new power chair or scooter free. i didn't pay a penny out of pocket fo

julia epstein says these bailouts are working. maybe we should cool.nyone would deny that the economic recovery plan is working but i call them bridge loans, recovery plans for major institutions whether it is wall street or the auto industry is also working. neil: did you say that last year when the republican president was pushing it? >> yeah, i was. i have said on the air many times on this network an elsewhere that the bush administration deserves a lot of credit for the financial institutions coming back, because i think they bit the bullet when it wasn't politically popular and did it last october, but it is working. a.i.g. is paying back some loans. about 33 or 34 of the banks are praying back about $140 billion worth of loans and the philosophical question is when we're in an economic recession that some people thought would lead to a depression, is it appropriate for the government to step in with what are refectively bridge loans to get critical institutions back into place. neil: but you set up a series of expectations that these institution

>> to quote my friend, joe epstein, the gre essayist i have the disease. the disease is sports. i spendn awful lot of time watching primarily man throw, kick, catch, hit spherical objects or ovoid object inhe fall. so that is an ongoing interest but i must say my life has fallen out in such a way that what i do professionally is what i love to do which is to make arguments and try to explain eas in ways that people can wrestle with and i've been fortunate enough to do that through books as well as my various media eagements is a great blessing so i have bun with wht i am dng. this is the theologibal parof my library. there's literature, history and biography another place, literature yet another place. these are t materials i work with most of the time. a lot of this is obviously to do with john paul ii,ncluding several things that he gave me or signed for me. >> canou show us something? >> this is the address to the united nations in 1995, and there is his dedication and signaturen that. this is a curious little finger over here, this orange hat was given as a mom on every doct

julian epstein, former counsel to house judiciary committee and republican consultant tony sayed. welcome. >> good morning. >> jamie: honestly i planned start asking you at first about the treasury report, which the president chose not to bring up wednesday night in his address to congress. but at a separate visit where he said pay attention because almost half of you will lose your health insurance at some point. i didn't hear him say a month or longer but told people to be afraid you'll lose healthcare over the next ten years. but i can't start there. i have to start here. he goes to minneapolis where he has a cheering crowd, no specifics about what he wants for our healthcare, just fire up. fire up. he goes on "60 minutes" tonight where he get gets as we have seen in the main stream media a lot of airtime to talk about what he wants and how he'll fix it or to else. tonight's interview he says he must or it's his reputation on the line for sure. then you look at washington yesterday. i was blown away by the number of people who left work and showed up on the capital, national ma

my name is joe epstein.i'm a past chair of the commonwealth club's board of goveors and i'll be your chair for tonight's program. it is now my pleasure to introduce tonight's distinguished speaker, robert frank. author of the new book, "the economic naturalist's field guide: common sense principles for troubled times." robert frank is the professor of management and a professor of economics a cornell university's s.c. johnson graduate school of management. he's[q a monthly contributor t the to the economic view column which appears on sundays in the "new york times." until 2001, he was the goldwyn smith professor of economics, ethics in public poicy of cornell college of arts and sciences. he has served as a peace corps volunteer in rural nepal and a chief economist for the air and he was a professor of american civilization at the school of advanced social science studies in paris. some of professor frank's previous books include choosg the right pond. and this shows how important status is. and how we pay

i'm joe epstein and now this meeting of the commonwealth club of california celebrating more than a century of enlightened discussion is adjourned. [applause] >> professor frank will be outside to sign books. [inaudible conversations] >> okay. thank you very much. nice job. >> pleasure to meet you, too. >> robert frank is the henrietta johnson lewis professor of management at cornell johnson school of management. he's an economics columnist for the "new york times" and the author of six books including principles of economics written with federal rerve chair ben bernanke. to find out more, visit frankhfrank.com. >> paul mcgeoug is the former editor and current chief correspondent for the sydney morning herald. next he talks about the failed poisoning of khalid mossad and his rise in hamas. this is an hour. >> thank you all for coming this evening and thank you for welcoming me in your beautiful city. one of the advantages of where i'm staying was to be able to come to the city this morning by ferry, which was a lovely way to arrive in town and see the bay, the bridge and where you all live.

. >> democratic strategist julian epstein and republican strategist alex cohen join us. he states in "the washington post" failure to gain the initiative and reverse insurtingent momentum in the near term while afghan capacity matures risks an outcome where defeating the insurgency is no longer possible. alex, do we need more troops and, if so, how many more? >> well, that's clearly what the military is asking for is more troops and the administration has had this report now for three weeks and i think it's curious we're just finding out about it now. the president has kept saying, you know, he has kept kicking the can down the road on afghanistan. all summer, he virtually ignored the war and went months without speaking about it and now when the elections didn't go well there the military saying they need more commanders. he is finding he doesn't have political support in congress to deliver the additional troops with the long-term commitment needed there. i would argue one of his own makings since he ignored the war so long this summer. >> let me play another sound bit

im joe epstein and now this meetg of t commonwealth club of california celebrating more than a century of enlightened discussion is adjourned. [applause] frank will be outside to sign books. amol conversations he will be signing books right out here. >> thank you very much. >> robert frank is the henry eda johnsonville is ofessor of management at rnell university's johnson school of management. he's an economic columnist for "new york times" and author of six books including principles of economics written with federal reserve chairman bernanke. to find out mobe, tisit roberthfrank.com. tom ridge first secretary of homeland security discusses how he got the job and the politics involved in the creation and daily operationof homeland security. the hudson uon society of new york post's this event. it is about 40 minutes. >> following the tragic events of september 11, 2001, tom ridge became the first secretary of the u.s. department of homeland security. the eation in the country's 15th cabinet department marked the rgest reorganization of the gun man sin the truman administration, anoth

that's david epstein from sports illustrated. doctor thank you very much. refine. our chef on a shoestring serves it up with a modern flare. don't go away you're watching the "early" on krks. [ woman ] dear cat. gentle cat. your hair mixes with pollen and dust in the air. i get congested. my eyes itch. i have to banish you to the garden. but now with zyrtec-d® i have the proven allergy relief of zyrtec® plus a powerful decongestant. i can breathe freer with zyrtec-d®. so, i'll race you to our favorite chair. i might even let you win. zyrtec-d® lets me breathe easier so i can love the air™. zyrtec-d®. behind the pharmacy counter. no prescription needed. got nfl-sized odors in your house? febreze air effects actually eliminates odors in the air and leaves a fresh scent. febreze air effects, it's a breath of fresh air. got a wet pet in your house? febreze air effects eliminates odors in the air and leaves a fresh scent. febreze, official air freshener of the nfl. light & fit has 80 calories versus 100 in the other leading brand and a taste you'll find... [sluu