huntin' down stocks, bonds, etfs. oh i love etfs. look at you.'t you show me your portfolio? i'd love to... i already logged out. oh no, it's easy, actually, to get back... see where it says history? there's a history? yeah, it'll take you right back to the site you were just on. well the last site... [ british vo ] and now, cycle complete. the male wildebeest returns to propagate the herd. [ animal grunts ] can you forward me this link? [ male announcer ] e-trade. investing unleashed. >> welcome back, everybody. my guest tonight is the economic advisor for the obama administration. i assume he's here to beg me for a loan. please welcome austan goalsbury. [cheers and applause] -- austan goolsbee. [cheers and applause] good to see you. all right i'm going to tell you something right now i don't normally say to my guest. >> i don't like how this is already beginning. okay, yes. >> stephen: i'm going to let you get in a word in edgewise because i love to hear you explain how on monday we hit the magical deadly debt ceiling date and we're all still h

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etfs -- i.d.'s that you could have a war but not have one. but they probably have never seen or heard of the oxcart but the cousin is very a famous, i don't know if it is a military crowd, but the famous black bird of the airforce that went to mock three that stood for originally reconnaissance strike by president johnson bungled it so they did not want to correct him so they corrected the plane. reconnaissance strike when they decide to take over the espionage program, the idea was was to have this biplane to photograph what to follow-up the bombing with. that is one of the more interesting parts or provocative parts of my book that i hope people will read to think about with the federal organizations that we have how they fight with one another on the secret programs that on balance keeps us safer and more secure. sometimes entering into the area of recklessness. i write about that in the book with some of the weapons tests that we did and then there is a program they had called project 57 in the

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huntin' down stocks, bonds, etfs. oh i love etfs. look at you.o? i'd love to... i already logged out. oh no, it's easy, actually, to get back... see where it says history? there's a history? yeah, it'll take you right back to the site you were just on. well the last site... [ british vo ] and now, cycle complete. the male wildebeest returns to propagate the herd. [ animal grunts ] can you forward me this link? [ male announcer ] e-trade. investing unleashed. (announcer) everything you need to stretch out on long trips. residence inn. >>> in the headlines tonight, president obama went to joplin, missouri today, his first chance to seat damage caused by last sunday's f-5 tornado. he spoke at a memorial service for 1942 known victims. the president promising continued federal assistance as that city rebuilds. former texas governor bill clements has died. in 1978 he became the first republican elected texas governor since reconstruction. former president george w. bush, also a former taxias governor, called clements a political pioneer. clements serv

a cheap direct way to buy it is through this etf. it's constructed to track the price of gold bouillon. it's got a low cost, it's liquid. you can get in and get out. for the average investor, if you want to own gold, this is a good way. >> the one thing to keep in mind, when people are looking for an exchange-traded fund, you can do this one which tracks gold or others that are a basket of gold companies. >> absolutely. i'm not opposed to either. this is the most leveraged to the price of the metal itself. >> as you've always recommended, the average viewer should be diversified. >> absolutely. you should have an asset allocation, review it regularly and rebalance periodically so that you're not extreme in your investment view. the reality is a lot of blocking and tackling down the middle. that's how you make money. >> always great to see you. thanks so much. jim awad, a good friend of our show. >>> are massive spending cuts the key to saving the economy? perhaps the answer can be found in europe or in my xyz which is coming up next.

. >> power shares media etf, a basket of 30 stocks.y're all out there. again, look at the chart, up 21%, beating the market over the last 12 months. this is a great way to just say, you know what? i want to invest in media without picking one stock. >> which for many of our viewers is probably a better way to go because they may not have time to be stock pickers. >> for the individual investor, it's so difficult to pick one stock. >> the ticker on that, etf happens to be pbs, not to be confuse washington, d.c. the media company. matt mccall, the president of penn financial group. >>> to go to college or not to go to college? when jobs for grads are hard to come by, is college worth the expense? i'll tell you next in my xyz. [ male announcer ] redesigned power e-trade pro. it's like hardwiring the market right into my desktop. launch my watchlist -- a popping stock catches my eye. pull up the price chart. see what the analysts say. as i jump back, streaming video news confirms what i thought. pull the trigger -- done. i can even do most

plus the choice of every etf, 5-star service, and unmatched trading tools. there's price.don't confuse the two. e-trade. investing unleashed. >>> ten days ago nevada republican john ensign resigned, one day before he was supposed to testify about an affair with the wife of his best friend. today the senate ethics committee said if he hadn't quit, he could have been exp expelled and referred their findings to the justice department for possible criminal charges. my colleague cynthia fmcfadden has been reporting on the story, including the first network interview with ensign's former best friend, his chief of staff turned chief accuser. >> reporter: doug hampton was not only ensign's best friend and chief of staff, he thought he were brothers in christ. when we talkeded to him in the fall of 2009, he was a man in despair. you lost your job. >> lost my job. >> reporter: lost your best friend. >> lost my best friend. >> reporter: and nearly lost your wife. >> nearly lost my wife. >> reporter: it was a 20-year-old friendship. here they are on vacation together. so close they'd

plus the choice of every etf, 5-star service, and unmatched trading tools. there's price.re's value. don't confuse the two. e-trade. investing unleashed. ♪ ♪ [ male announcer ] with amazing innovation, driven by relentless competition, wireless puts the world at your command. ♪ at 190 miles per hour, the wind will literally lift ordinary windshield wipers off the glass. so, did we build a slower car? or design wipers that could handle anything? what do you think? the cadillac cts-v, the world's fastest production sedan. we don't just make luxury cars, we make cadillacs almost two billion tons of freight move around this country every year... and control centers like this keep track of it all. it takes advanced telemetry and satellite tracking acoustic detectors and friction modifiers. high tech innovations that help rail move our economy. freight rail companies invest billions of their own dollars - - not taxpayers' mony - to make rail safe, reliable, efficient and affordable. it takes tons of technology to haul tons of freight. >>> president obama's overall popularity is

. >> power shares media etf.yep. >> you think from cbs to time warner, news corp., through them all out there. they're in that basket. take the company specific risk. look at the chart up 21%. beating the market over the last 12 months. this is a great way to say, you know what? i want to invest in media without picking one. >> which for many of our viewers is probably a better way to go. >> for the individual investor, it's so difficult to pick one stock. >> etf happens to be pbs. not to be confused with the media company. great to see you as always. matt mccall. >>> to go to college or not to go to college? when jobs for grabs are hard to come by is college worth the expense? i'll tell you next in my x, y, z. [ male announcer ] for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to come. well somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. which meant she cont

plus the choice of every etf, 5-star service, and unmatched trading tools. there's price.re's value. don't confuse the two. e-trade. investing unleashed. nnever in my lifetime did i thk don't confuse the two. i could walk 60 miles in 3 days. 60 miles compared to what a cancer patient goes through is a walk in the park. from the moment i registered, people started immediately supporting me. i walk with my sister. our relationship has gone to a whole new level because of training together. you meet the most wonderful, inspiring people. when you accomplish those 60 miles, it's truly life-changing. (man) register today for the... because everyone deserves a lifetime. >>> president obama's overall popularity is up, but approval of the president's handling of the economy is stagnant at just 40%, according to a new poll. $4 gas doesn't help, for sure, but one sector of america has to be pleased with the way the economy is going. corporate america. here's john berman. >> reporter: the 500 biggest, baddest, top earning companies in america. the fortune 500. fortune, of course, is a

plus the choice of every etf, 5-star service, and unmatched trading tools. there's price.re's value. don't confuse the two. e-trade. investing unleashed. >>> president obama's overall popularity is up, but approval of the president's handling of the economy is stagnant at just 40%, according to a new poll. $4 gas doesn't help, for sure, but one sector of america has to be pleased with the way the economy is going. corporate america. here's john berman. >> reporter: the 500 biggest, baddest, top earning companies in america. the fortune 500. fortune, of course, is a magazine. but if it were a 19th century novel, it might be "a tale of two cities," because, yes, the headline from the 500 this year, it was the best of times, it was the worst of times. >> it's the best of times for american big business, profits were up over 80% for america's 500 largest companies. >> reporter: if you are keeping score at home, an 81% jump in profits, that's a lot. the third biggest since fortune started counting. >> business is picking up again and they are minting money right now. >> reporte

it means choosing from stocks, bonds, mutual funds, and every etf sold. plus 5-star service and research designed to increase your intelligence, not insult it. so you can wave good riddance to some high-priced joker churning out cookie cutter portfolios. price is one thing. value is another. don't confuse the two. e-trade. investing unleashed. >>> in depth this week on cnn, america's job hunt. for decades, the message, go to college, get the white collar job has ruled america. but mike rowe, host of "dirty jobs" is working to change that. he's stressing the good jobs are the ones that built and still build this country. you know him as the host of "dirty jobs." >> my name is mike rowe. that's my job. >> where he catches snakes, cleans up tar -- >> there was some glopping. >> and dells with a lot of dirt. and now mike is taking on an issue he says he learned from people who deal out all this dirt. >> we've got this rift between white and blue collar. i would say our society has raged a sort of cold war on work. >> a war on a specertain type o work. skilled

year ago, maria, may 6th, 2010 in which there was a real shock to the system because of all these etfs, and the fast trading and all of that. we haven't solved that. so the answer is the market does have volatility. the vix index has come down sharply. and if you're worried about day to day, you know what? don't buy stocks. but if you want to make money or maintain your purchasing power, then you want to maintain your equities and ignore the vibrations. >> let's talk about some of the exciting companies you're looking at now and who has pricing power. what do you like? >> well, many people have what they call an ipad. many people have what they call a phone. that's wireless. why what do i the goebel consumer want? i want mobility. i want speed. i want to have what i want when i can get it. whether it's a video or even watching news. and instantly online. so how does that happen? where are the highways? it's wireless. so who owns the spectrum? who is going to be available? who is going to be the one that someone will say i want to buy you, i want to make love to you, i want to take over

etf with kinect. tom shroder with that the 11. >> my name is john bauer. like many authors here today i am sharing the mission, gaithersburg supports the arts and culture. we present this event free of charge thanks to support generous sponsors. consideration of everyone here, please silence any devices. this is critical to improving this event. surveys are available here at the information desk and online at our web site and everyone who submits a survey will be entered into the random drawing so please fill out the surveys. we welcome c-span's booktv and viewers across the country. if there's time for audience questions please make sure to use the microphone so everyone can hear you. tom shroder will be signing books after this presentation and his book is on sale at barnes and noble. tom schroeder -- tom shroder has been writer and editor for many years. he was at washington post magazine which won 2008-2010 pulitzer prize for feature writing. in addition to be an auditor and editor he is one of the foremost editors of humor in the country. he has edite

snows sometimes you get the etfs coming from tocqueville once the idea gets out it is unstoppable and hafez but one thing that you realize when you look at the actual history is just how weird and contingent the emergence was and 80 rhodes because of the survival because of a peculiar futile her evolution and every european country has the body or a sovereign court and all of these recollections of notables of high nobility sometimes of the bourgeoisie and sometimes the king had to get permission to wage war and especially to collect taxes. in the late 16th and 17th centuries to have the pont -- powerful monarchs and wanted to behave like an emperor to create a centralized powerful bureaucratic world which everything was uniform and they waged a long struggle against these estates of every single country and only in one of them did the parliament or estates when the battle which was england. in a sense it shows how accidental history is. it didn't prevail in france because the french sold off the office is too wealthy individuals with you take care of me and my family i am fine with e

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a cheap way to buy it is etf constructed to contract the price of gold, it has a low cost, it is liquidage investor, if you want to own gold and hedge yourself against uncertainty, this is the way to do it. >> you can do this one that attracts gold or do other that is are a basket of gold companies. >> right, absolutely. i'm not opposed to either, but this is the most leverage to the price of the metal itself. >> this is the way to do that. as i know you always recommend, the average viewer should be diversified. >> absolutely. you should have an asset allocation with viewing it regularly so you are not extreme in your investing. the reality is a lot of blocking and tackling down the middle, that's how you make money. >> jim, great to see you. >> thank you. >>> are massive spending cuts the key to saving the economy? the answer can be found in europe or my xyz coming up next. ♪ you love money ♪ well, you know i love it too ♪ ♪ you love money ♪ well, you know i love it too ♪ ♪ i work so hard at my job ♪ and then i bring it home to you ♪ ♪ i love money in my pocket itchy, irritated skin..

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it means choosing from stocks, bonds, mutual funds, and every etf sold.star service and research designed to increase your intelligence, not insult it. so you can wave good riddance to some high-priced joker churning out cookie cutter portfolios. price is one thing. value is another. don't confuse the two. e-trade. investing unleashed. in the past, when we thought about computing, we thought about boxes. on a smarter planet, computing has left the box. generating 2.5 quintillion bytes of data every day. today everything computes. which means we need to think differently about computing. how we manage it. how we deliver it. how we design it to run a railroad spot a trend. spot a market change and act on it. a smarter planet is built with smarter computing. i'm an ibmer. let's build a smarter planet. >>> you're an embarrassment to our party. why don't you get out before you make a fool of >>> you're an embarrassment to our party. why don't you get out before you make a fool of yourself. >> stop the hate. stop anti-gay politics, dividing court country and no

it means choosing from stocks, bonds, mutual funds, and every etf sold.ervice and research designed to increase your intelligence, not insult it. so you can wave good riddance to some high-priced joker churning out cookie cutter portfolios. price is one thing. value is another. don't confuse the two. e-trade. investing unleashed. >>> all right. joplin, missouri will never be the same again. it is different. the map will change there because of this tornado that whipped through earlier this evening and caught a lot of people off guard. one person caught up in the middle of it was jaime green. she shot some photos with us. she's with the "wichita eagle." but also her video is on kansas.com. she's on the phone. roll the video and then we'll talk to her. >> kind of scared. >> jaime green, it's dark. you see the skies lighting up. was this before or after? did it become -- was it dark when it happened and then it got lighter, or did you take this after the initial pictures? >> i took this way before i shot any of the devastation. this was i believe when the to

in the context of atheism, there is no assurance even the etfs will not fall prey to the dynamics that you described as being so destructive. no protection from that even in the absence of god. >> i have two questions here that to our interface questions and i will ask them together. and they seem to be implicit as far as a rejection of judeo-christian is america at a christian nation? what is our tradition? many people have called for the adoption of the judaic christian islamic tradition is it possible to say that? are we all from the same tradition the other question could we have the multiphase worship experience focusing on jerusalem as a city of peace? in other words, can rethink a ritual that we'll do together to have it be meaningful? may seem to be versions of the same questions i thought i would throw it out there. >> i will take a stab is it possible to say judaic christian is okay it is a mouthful to clunky we need to brand that better i cannot help but observe this country has gone in the arc of inter religious dialogue being we used to talk about the protestant ethic -- e

it means choosing from stocks, bonds, mutual funds, and every etf sold. to increase your intelligence, not insult it. so you can wave good riddance to some high-priced joker churning out cookie cutter portfolios. price is one thing. value is another. don't confuse the two. e-trade. investing unleashed. >>> twin bombs killed at least seven nato soldiers in afghanistan. lisa sylvester is monitoring that and other top stories in the situation room now. what's going on? >> hi, wolf. officials say the improvised explosive devices went off one after the other in a remote part of the southeastern kandahar province. it is the same region where taliban forces unleash multiple attacks earlier this month in their so-called spring offensive. officials have not revealed the nationals of the soldiers who died. the pakistan's taliban are claiming responsibility for another deadly attack. they say it was revenge for the killing of osama bin laden and a suicide car bomber set off an explosion outside of a law enforcement and court complex in northwest pakistan today. kill

now, this applies to all stocks in the russell 1000 index, to more than 300,000 etf's, and other exchangeraded products. last year, the commission approved rules to bring order and transparency to the process of breaking its trades. the commission also enhance rules for market makers and eliminated some quotes. executions against subquotes had significant impact on trade on may 6. also last of number, the commission adopted new rules requiring brokerage-dealers with market access to put in place market control. the lengthy and laborious details and investigations of may 5 also underscore the need for the reconstruction of trades. we will have a system to provide the sec direct and timely access to data on all orders in the national market system. this would allow us to rapidly reconstruct trading activity. we proposed the system of such -- the creation of such a system last may, and we're considering options as congress prepares its recommendation to the commission. in addition to these actions, the cftc and sec him -- formed a committee to consider market disruptions that may have contri