this is not what they meant when they passed erisa and had this move forward. they're trying to protect the plan participants. why, do you have any sense as to why congress hasn't acted to clarify if there is a law or close loopholes that would prevent this, these kinds of practices? >> i think there's been such a strong argument made to congress by employers and the retirement industry that these loopholes need to exist. and mind you, they don't call them the polls. but these practices need to exist in order for the companies to maintain flexible the. this always seems to resonate if you go to congress and say look, don't tie our hands with this, don't have burdensome regulations because if you don't let us pull money out when we need it, or put more money into we need to when we want to, we just would have these plans at all. and that usually is a very effective argument to congress, even though it's not actually true. i hope that helps. >> it doesn't feel good. i understand what you're saying but it doesn't feel good. >> can you tell us a little bit about wh

economy forward with a foreign investment advisory council tracking a raft of global businesswoman erisa moscow on the money looks at the progress russia has made and the issues russia still needs to tackle to boost its profile with international investors. to discuss the investment climate in russia i'm joined by cook len waller here in the studio he is president of exxon mobile russia stuart irvin he is chief executive officer nestle russia eurasia we also have. he is chief economist at deutsche bank and vladimir he's deputy head of research department at a critter ok but first let's take a look at what's going on in russia's interest investment environment. challenge that foreign capital must be just that if russia is to wean itself off reading. parliaments and horizon and that's a result great progress so it's quite clear that russia can no longer rely. on it because she needs to change the law that you my. priest and that's what this participation by far. and also a great. business environment should he level players. and hollow their first of the presidential limousine. and the pri

i mean, when i first came on the court there was the bankruptcy code, there was erisa, there was a lot of major new legislation. and the main business of my court, believe it or not, you read about the pizzazz constitutional cases in the newspapers, but most of it is just digging out what legislation means. and it takes about a decade to get all the kinks out of a new piece of major legislation to that's why we've got a lot more cases. >> you've not been a particular fan of looking to legislative history to determine the median in the statute. why is that? and is there any conceivable way that legislative history can, more reliable? >> well first of all let's be clear what you mean by legislative history. i will take account of what you might call a statutory history. that is, the statute used to reduce weight. it was amended in 1994 to read this way. and why did they make the change? it seems that they meant something different. yeah, i will take account of that. what i won't take account of his statements on the floor, including statements by the bills sponsor, committee reports by t

when i first came on the court, there was a bankruptcy code, there was erisa.read about the constitutional cases in the newspapers, but most of it is just figuring out what legislation means, and it takes about a decade to get all the kinks out of a new piece of major legislation. so that is what we used to have a lot more cases. >> you have not been a particular fan of looking to legislative history to determine the meaning of the statute. why is that, and is there any conceivable way that legislative history and become more reliable? >> first of all, let's be clear what you mean by legislative history. i will take account of what you might call statutory history. that is the statute used to read this way. it was amended in 1994 to read this way. and why did they make the change? it seems that they meant something different. i will take account of that. what i will not take account of its statements on the floor, including statements by the bill posey sponsor, committee reports, -- statements by the bill's sponsor. none of that is proper for me to consider bec

the other thing worth pointing out is of course to continue to be erisa good jobs in iraq. you've got to put in context. go back to 2007, early 2008 there were about 1500 secure incidences every week. now we're down to about 100 a week so we've seen more than tenfold decrease. this has been sustained over the last couple of years. so the bottom line is we think that because the iraqi security forces are increasingly competent and capable in dealing with internal security and because of the emergence of politics, the safest way of doing business, the secretary in, never say never but it's unlikely are less likely certainly to be litigant. >> eight years, trillion dollars, 44 of our men and women dead, 32000 wounded. was this war worth it? >> history is going to have to judge that. i don't think any of us can judge that now. what we can say is that our troops have performed remarkable he over that appeared. at her diplomats are doing the same. the results of that is today we are at a place where as dennis said, iraq is emerging as a secure, stable and self-reliant country. th