it's already approved for use in europe. antiabortion groups have warned ellaone is more like an abortion drug than emergency contraception. those are some of the day's major stories, now back to jim. >> lehrer: this was a decision day at the u.s. supreme court. ray suarez has our coverage. >> suarez: if you own beachfront property, should you be company said if the government moves the ocean further away? if you text at work, on an office cell phone, do you have a right to privacy for those messages? and how many board members do you need to make a ruling stick at the national labor relations board? the u.s. supreme court is coming to the end of its term, and joining us to explain these rulings, our eyes and ears at the court, marcia coyle of the marcia, let's start in florida where beach front property owners ended up with beach view property when an anti-erosion projected ad a lot more distance to the beach. what were they asking for in court? >> well, they went to court because they felt that what the state was doing her

if you read -- the temp check is not always good vis-a-vis the local opinions in europe. it is more of the countries that e enthusiastic. how're you getting that message across? howre other afghan leaders getting that acrossto some of the leaders, not only in nato but the european union at large? i would like to build on one of the other questions. the question i have, can afghanistan transformed to where you would like to see it be with karzai at the helm? >> i think -- i would be very straightforward with this answer. we have to create an opportunity for afghanistan, for the people that personalities do not matter. democratic systems should not depend on one or two or three individuals. they should come and have their chance and play their role and if they succeed within the confines of the role of law and what ever the constitution's this country -- those countries have, they can do their thing and move on. we cannot allow afghanistan to become a new dynasty of brothers and sisters an cousins and warlords and druglords. the u.s. and europe countries have this opportuni

and for europe. the way ahead for us in the city is clear. we have to work with europe, shape the g-20 agenda, engage in constructive dialogue with governments to ensure london remained the economic powerhouse of europe, and contributed leadership on banking and financial services to the benefit of the whole you -- eu. you will not be surprised to hear that i have some observations. we need to move away from singling out banks to blame, and by implication, the city. based on my visit to some 13 countries as ambassador for the fans in mental services industry, i can tell you that the city is filled -- still the envy of the world. but that reputation is not god- given and there remains more to be done. financial-services are more mobile than most other sectors of the economy. if we tear down what we spent generations building up, the winds will howl and are hungry rich competitors in the far east will marvel at our shortsightedness. i know from our recent conversations with the haitian and handsome minister would said that london would retain m

i do not know what it is we are protecting western europe from. i do not know why if ere was a threat, it could not collectively with their budgets and pulations defeed themselvesxcept for the fact that having read tom sawyer, which was apparently translate into of the nato languages, they are happy to have erica paint the fce and make us think we are doing an enormous favor by allowing us to do it. we continue to have substantially -- substantial weaponry that whave toefeat the soviet union in a nuclear war. that seems to be a place where we can still back. we insist on keeping marines on okinawa for purposes ry unclear. it is true there are in efficiencies and we have people that are experts in that. those have to be prsed. the point is, as far as enforcing efficiencies, but when you exempt any agency from budgetar discipline, it beces hard to enforce and efficiencies. enforcing efficiency from outside is difficult. only when they know that there are limits to what they can spend that they join wholeheartedly in that effort. we have a debt reduc

just to remind everyone about europe. for every lunatic who thinks obama is destroying this country, first consider the fact that the country might have been destroyed before he came into office and recognize that these deficits are pretty much worldwide and that across the board in our world people can't make a living because there are extraordinarily wealthy people and corporations doling out this small amount that they will allow poor people to share. we have the resources in this world but too many resources are controlled by too few people and corporations. host: thank you for your participation. a couple of quick stories out of "the washington times." the georgia governor, sonny perdue, republican, is heading for cuba on a trade mission. he actually did it yesterday. met with officials from cuba's chamber of commerce, part of a two-day visit to explore his states trade and tourism possibilities. they point out that the schedule did not include a meeting with fidel castro or his brother. also and "the washington time

-- how worrisome is what is happening europe? >> we are watching the whole situation carefully.it is very complicated phenomenon. as you know, the europeans have a broad based, call it european project, the call of which is to restore peace and unity to europe after many, many years of conflict. an important part of that project was the creation of the euro, a single currency which many european countries share. the bureau had many benefits in the beginning. it lowered interest rates because people no longer had to fear devaluation of their currency. countries like greece were able to borrow at relatively low interest rates, not much higher than very strong credit countries like germany. the result was that they over borrowed and they were not completely clear about what their debt situation was recently, it has become clear that they have in fact very large outstanding debts which are difficult for them to service. this is a problem because even though they have a single currency, they don't have a single fiscal authority. f to move tax money from one country to another within

member states in central europe. we have to have a robust cohesion policy because the differences -- so the differences between economic development be mitigated and there will be more cohesion and therefore a common economic policy can be introduced. host: the other big topic is the best-russian relationships. our viewers probably know from this report, russian president medvedev was in washington today. there will be a meeting about economics between the two. at the same time, the senate is debating the new start treaty. but i would like to take some viewer calls and we will come back to you about that. montgomery, west virginia. jason on independent line. you are on but the foreign minister. guest: a couple of points i would like to make. first of all, if a global economy could work, then the hero would not have crashed in the first place. second of all, 50% of americans are now aware that groups like the jeep-20 is trying to implement a type of a global government -- g-20. we want the new world order to fail beca

- than we do in europe. far more are deployed. getting the russians to agree to anything that ends up providing an equitable status on both sides, if you will, will be a very steep hill to climb. of just add, and in terms of our own capabilities, the f-35, including the aircraft we are selling to some of our allies, will be dual-capable. >> if i can add one more point, mr. chairman, i agree with secretary gates that negotiating with the russians on tactical nuclear weapons will be difficult. we will need to ratify the new start treaty to have any chance to have a discussion on tactical nuclear weapons. i would add if you look at what we have done in reaching out to our nato allies, it is to prepare as to have that discussion within the context of our strategic concept review within nato, so that we can work toward a unified nato position when we began having serious discussions with the russians. i would underscore the importance of ratifying this treaty in order to have any exchange with the russians that c

foreign policy was very unpopular in western europe. that brought down ratings for the country but did not really damage how people felt about the american people. american people. even today, you will see some gaps in a few country like in the arab world where the american people often get more positive ratings than the nation as a whole. host: when you ask the question as to the have a favorable unfavorable iew of the u.s., is this talking about the government particularly or something larger? something larger? >> it is a question that simply asks about the united states. we do not make a particular to the government. obviously, how people feel about the government may influence how we answer the question, but we make it very straight forward. host: we are talking with which it wike of the -- with richard wike of the pew global attitudes project. as we said before, you can also send us an e-mail or twitter message. our first call comes from claremont, florida, on our line for republicans. donald, you are on the "washington journal." g

you mentioned what happened there, that's how it started in europe. that's how it started in greece. and eventually it basically started to collapse, which is why the european union had to %- bail out greece and then they had to talk to spain about not spending any money, about cutting their spending, etc., and so when we talk about how -- and then when economists around the country, even now around the world and leaders around the world, say it's unsustainable, it's because that's where we're headed if we don't change that. but you know what adds insult to injury to me? i represent the great state of florida. i will tell you it's one of the greatest places to live in the entire planet. we have a lot of senior citizens. many of which, many of whom depend on medicare, for example. well, we know that medicare will be going insolvent in i think just a handful of years. 2016 or 2017 is when it goes insolvent. so here we are borrowing and borrowing and spending and spending and borrowing and spending, are we using that money? is the speaker and is the pres

, particularly europe. i talked to my colleagues. scaling back the number of nuclear weapons. given what has happened with the soviet union. i believe missile defense is another area where there is a great deal of appeal. >>>is there a specific -- you talked about achieving a sustainable level? do you have a number in mind? do you want to go half a where we are now, pre-9/11 numbers? i know i asked whether you thought you could succeee, but there are important questions raised if you cancel an international program ttat has a lot of a buy in and people invested. what alternatives do you propose that can fill that and not alienate aid to international partners? >> we yardy had to countries drop out of the f 35. other countries when they take a look at the increasing cost of the f-35, i do not think that will be the problem. the other thing is the navy pops out, which they said they want to, you can not been produced enough to make the cost reasonable for a rather partners. the me give you round numbers. if y

- than we do in europe. far more are deployed. getting the russians to agree to anything that ends up providing an equitable status on both sides, if you will, will be a very steep hill to climb. of just add, and in terms of our own capabilities, the f-35, including the aircraft we are selling to some of our allies, will be dual-capable. >> if i can add one more point, mr. chairman, i agree with secretary gates that negotiating with the russians on tactical nuclear weapons will be difficult. we will need to ratify the new start treaty to have any chance to have a discussion on tactical nuclear weapons. i would add if you look at what we have done in reaching out to our nato allies, it is to prepare as to have that discussion within the context of our strategic concept review within nato, so that we can work toward a unified nato position when we began having serious discussions with the russians. i would underscore the importance of ratifying this treaty in order to have any exchange with the russians that c

we do not want to move jobs overseas to china or india or europe. i believe in protecting a woman's right to choose. i do not believe in protecting oil companies. i believe in making our streets safer and keeping guns out of the hands cut criminals and terrorists. i need you by my side to join my campaign and take a stand. i am askinggyou tooget involved now, because this is your election. thank you, and i look forward to seeing you on the campaign trail. >> with support from the tea party, sharon angle when the primary on tuesday. she will now face harry reid in the general election. >> thank you all, nev. patriot. we have completed the first step in taking back our senate seat. [applause] i want to say thank you too many people, but first of all i want to say thank you to god. this is an amazing -- [applause] >> amazing campaign. and my family, my daughter and my son, my daughter-in-law and my son in law. they are here tonight. thank you to the legion of3 thank you to a wonderful team of cracked campaigners -- crack pampaigners. this campaign is a

some time and it could get really, really bad for europe. as far as the israel thing, i was listening to the bbc world service yesterday, and they had on one of the women, or one of the head activists, speaking to a broadcaster there and this woman, it was a clear provocation, is what it was, against the israelis. the israelis did everything in their power to get aid to gaza through other channels. they told the woman to go to a port in is route and she refused and if she did not want to deal with the israelis, they said to go to a report in egypt and they would take care of it. the egyptians, she refused, and they decided to run the blockade. we all know what happened. they asked the woman, people lost their lives -- the broadcaster of bbc asked her, don't you feel bad about this? she said, nope. host: charles, let us go back to the "usa today" piece. he regretted the loss of life but said the soldiers have "defend themselves." little river, south carolina. what do you want to address? caller: this is real thing -- israel thing. if israel d

the percentage that comes from europe is going to shrink. therefore, the basic laws of the kind of betting odds would suggest that the chance of a pope from the global south goes up. i would also expect at a level below the pope -- the presidents, prefects, the offices of the holy city -- increasingly, the tendency will be for more of those guys to come from the global south. that has been instance -- that has been the case since the wanted to get up john paul vi. -- that has been the case since the pontific it john paul virgin islands -- pontificate john paul virgin islani. we're talking about 21 policy- making offices in the vatican. 17 of those secretaries are still italian. 50 years from now, those numbers will look different. you know, keep in mind what i said about the vatican being the last place to go looking for change. i do not think the vatican will look or seem radically different in half a decade -- in half a century than it does today. it is there to ensure that the chuuch is not swept away by the passing fancies of a particula

and they've all been in latin america and europe are. there some teams from other parts of the world that we could keep an eye on, africa, asia. >> well, of course south africa because they are hosting. no nation has ever not made it out of the initial other group to go to the next round so will south africa be able to do that, and with the tie today maybe that's a good boost for them. asia has never there are three countries from asia in this tournament, ray. and again i just don't see that they have the, right now, the juice, you know, to go further. but this is a global game and the hope would be that especially fueled by nationalism which david eluded to, this is what that is about. and that is why the united states will i think care very much because it's a tiddley winks or whatever is, if the u.s. playing against somebody especially tomorrow with england, my goodness, what a story line that is. but i think that, yeah, some day the u.s. will make it to the finals. the world cup. i don't know if we will be allowed to see it. >> suare

a greater proportion of our children grow up in workless households than any other country in europe.ts of millns, and spending billions on it in the process, so we will increase the incentives to work, and reduce the incentives to stay out of work. we will focus our benefits more towards those in need, and we will end some one-off payments that the country cannot afford any more. . . in time for the next budget, we will also publish -- publish proposals to move the indexation in the tax system from rpi to cpi in a way to protect revenues. spending on tax credits has increased from 18 billion pounds in 2003 to 30 billion pounds this year. this is an unsustainable rise. there are over 150,000 families with incomes over 50,000 pounds receiving tax credit. taking to account the various disregards that means families earning up to 83,000 pounds are eligible for this means tested benefit. the country cannot afford this anymore. we need to target tax credits on those who need the help most. so we reduce payments to families earning over 40,000 pounds next year and then align the thresholds

they said not more threats in europe. easily 10 to one. i think we still should consider ourselves lucky, given that we are the head of the snake and that this country is so large and diverse. you are looking at cities at once. places like los angeles to new york -- you are looking at 50 cities at once. i did not necessarily view the plots as any indication of a radical infusion of ideology here. i think we will continue to see the ups and downs in the coming years. whether some of these affiliate's like the arabian peninsula get comfortable enough so they can organize some pretty heavy-duty plotting against this country. if you combine safe haven and combine that with intent, eventually we will get hit. i do agree there's been an increase in plotting that we have seen. but i do not think it has reached the level where i would say, we are sitting on a hotbed of revolution. i'm kind of surprised it came this late. i thought we would have seen this in 2004, 2005. not over act because one of them will get through. what's his name in new york,

those chickens are coming home to roost in europe. we don't need to be there in america. we're a different kind of people. we have a unique vitality in our character, in our soul. one of the things that is part of that vitality is that we've skimmed the cream off of the crop of every civilization in the world. everybody that were immigrants to the united states, they didn't get people who were sitting out there on the porch that didn't go to work. these were the entrepreneurs, the creative ones, the ones that had a dream, that were frustrated because they had the shackles of a dictator that kept them from using freedom to grow their own lifetime success. can you imagine if you couldn't worship freely, if you couldn't go out and get a job, if you couldn't start a business, if you couldn't even put money in a bank and trust that you could go get it when you needed it? if you couldn't trust the rule of law, if you had to think that there was a different form of justice for one person because they were connected better with government than another person, wouldn't you look at

in europe, it sometimes has a little bit more to do with whether the monopoly telecom's want to let the government get into the act of regulating content. but our overarching principle and belief, both for the united states and internationallyy is that no government or private company should be a gatekeeper for its citizens or its customers, in terms of their online activity.3 anybody having the ability to be a gatekeeper. i think the solution basically is regulate you, but do not regulate me. we believe, that as the fcc

crugman and the obama administration taking a look at europe. it seems they haven't been paying attention to what europe has gone through over the past six months with respect to their fiscal policies and the reaction from markets. it's not that european countries with the exception of germany, which has a long tradition of austerity and hard money and balanced budgets. it's part of the fabric of that nation, the way they think of themselves. . . >> europe has a very real structural problem that is hampering their ability to deal with these kinds of issues in the midst of financial and cyclical downturns. guest: we are a thing tent that focuses on labor problems. host: you have this chart that focuses on recovery and job growth before and after recovery. what do you attribute this to? guest: this is one of the most important single pictures you can have of what happened in the economy. starting at the start of the recession in december, 2007, the beginning of job losses that ended up at 700,000 per month the economy cratered all of that demand.

a symbol of western europe.ntinued to be heavily invested in western europe when their budgets are significantly smaller percentages of their gd+ than ours. i doot know what it is we are protecting western europe from. i do not know why if there was a threat, it could not collectivelyith their budgets and populations defeed themlves except for the fact that having read tom sawyer, which was apparently translated into all of the nato languages, ey are happy to have america paint the fence and make us think we are doing an enormous favor by allowing us to do it. we continue to have substantially -- substantial weaponry that we have to defeat the soviet union in a nuclear war. that seems to be a place where we can still back. we insist on keeping marines on okinawa for purposes very unclear. it is true there are in efficiencies and we have people that are experts in that. those have to be pressed. the point is, as far as enforcing efficiencies, but when you exempt any agency from budgetary discipline, it becomes ha

the debt crisis in europe should have only-- should have only a modest effect on the u.s. economy if the stock market stabilizes. ben bernanke offered that outlook today to congress. >> although the receipt fall in equity prices and weaker economic prospects in europe will leave some imprints on the u.s. economy, offsetting factors include declines in interest rates and treasury bonds and home mortgages, as well as lower prices for oil and some other globally traded commodities. >> sreenivasan: the fed also issued its latest survey of regional conditions and showed modest growth in all parts of the country. that hasn't happened since the end of 2007. the economic news sent wall street higher for a time before a late-day drop. worries about b.p.'s future sent energy stocks lower and the selling spread across the market. the dow jones industrial avenue lost more than 40 points. the nasdaq fell more than 11 points. president obama warned today the situation in the middle east is unsustainable. he met with palestinnian president abbas at the white house and said israel needs a

the diva sets her sights on europe. >> living here is not good. very bad.o to the shop and you get mugged in a very few minutes. you lose your wallet and everything. murders happen in the daylight. >> yes, they do. it's the young boys. they just take the cell phones and the wallet and going to sell them. >> for the drugs. >> for the drugs. >> reporter: drugs and poverty are a dangerous mix. four out of five of all the murders and armed robberies are drug related. addiction to crystal meth which locals call tick is a playing. capetown's metro cop describes themselves as the hardest gang of the lot. they wield their guns. acting on police intelligence, the rating... the raiding of a suspected drug dealer's house right next to a world cup training ground. stealth is everything. lookouts, everywhere. they nail a man on the stairs and they cuff him. in the family sitting room, they were certainly surprised by their unwelcome guest. children looked on as the metro police turned their home inside out. no tick and no gunmen. but in a back room they pick up a wanted

to match with these clubs, and then, they get abandoned in europe.re are thousands of african kids that are homeless, subject to child prostitution, because unscrupulous agents have tossed them into europe, and caused their dreams to come crashing down. host: our independent line. george, washington, d.c. caller: just a couple of comments that i want to make -- i think the world is shifting at this time. looking at the games themselves, south korea defeated greece 2-0. france could not beat uruguay. that tells us something. the world is shifting. this is a very big boost for africa. i lived in africa. i know this is a very, very, very important issue. for the first timee africa is given the opportunity to host the world cup. i hope the olympic games will be next. the implication of not hosting these games speaks to a lack of infrastructure. someone made mention of sex slaves. that and -- that exist in the u.s.. the corporate interests? it is good that some of them left when mandela took power. host: thank you, color. guest: he is right. this is what

of bp. >> well, bp is until recently was the largest company in terms of market capitalization in europe. they had cash flow north of $40 billion. it's a very, very strong company. it has assets all over the world. it's a world class company. but it's a real challenge if you have to pay out this amount of cash. one of the things to keep in mind though is that a lot of these settlements, a lot of the legal issues will take years to settle. the bill doesn't all come due on the first day. >> lehrer: as was reported today that bp has spent $1 billion thus far. put that in perspective. >> a billion dollars, they made $5 billion in the last quarter. >> lehrer: $5 billion the last quarter. >> they can manage a billion dollars very easily. as i say it's $20, $30 billion is a lot of money. $50 billion hurts the company. >> reporter: professor, what about reputation? what are the chances of looking at it i realize from afar but as an expert what do you think the chances of bp's reputation surviving this ? >> well, the reputation of bp has taken an extreme hit to be sure. all the oil industry for t

>> henry: 49 cities around the world-- in europe, in north america, south america, asia. over the world. >> kroft: another case you have probably not heard anything about involves an extortion plot against the state of virginia. last year, a hacker got into a medical database and stole millions of patient prescription records, and then followed it up with a ransom note. the note said, "i have your"-- i can't say that word on television; "stuff," we'll call it-- "in my possession right now." the hacker went on to write, "i've made an encrypted backup and deleted the original. for $10 million, i will gladly send along the password." the state of virginia says it was eventually able to restore the system. but the stolen information-- including names, social security numbers, and prescriptions-- can be used, sold or exploited, according to the f.b.i. did the virginia prescription- monitoring program pay the $10 million? >> henry: i can't discuss that. >> kroft: as serious as the electronic theft and extortion of hundreds of millions of dollars might seem, they pale in compari

that our muslim population was well integrated and that we didn't have the problem that you see in europe. i think that complacency has now given way to concerns. >> woodruff: and this comes as there are new concerns, reports about what's going on in pakistan, the cooperation of the pakistani government, officials in pakistan with the taliban. how seriously is the government taking those reports? >> well, the united states has been searching for a long time for a formula of engagement with pakistan that will equip the pakistani government to fight terrorism inside its borders, motivate it to see that the destruction of the taliban is in its own interest without appeasing those elements of the government that have had a pattern of cooperating with terrorists. the rand corporation report that you referred to is the latest intervention in that policy debate. essentially it says we have to be careful not to use only terrorists. it's important to hold the pakistani state to account for those elements within it that might be cooperating with radical groups. i think that's right. >> woodruff: th

they cited corporates about the effects of europe's debt crisis. the fed statement on europe undercut with any moment oum wall street .the dow jones gained just under five points to close at 10298. the nasdaq fell seven points to close at 2254. the crews fighting a huge wildfire in arizona reported some progress today. the blaze near flagstaff was 20% contained after scorching 22 square miles. about one thon people were allowed to return to their homes inspect jamaica police appealed for calm an arresting christopher coke. a preacher said he arranged if are coke to surrendered to u.s. marshals yesterday when the police caught him. the u.s. soccer team advanced in the world cup today with a stung finish. they scored a late goal to win 1-nil. the scoreless tie would have been sent the american team packing. it is the first u.s. victory in world cup play in eight years. those are some of the day's major stories. now back to gwen. >> ifill: next, what's behind the growing concerns along the gulf coast about health problems connected to the oil spill. b

e american m ideify with peoplen eastern europe an ssia more ready th iranians.but i think that's a small part of it. i ink the cold wars a big part of it. ronald reagan is a huge rt of it. that kind of ldershi helped to bring the voices toverage, ordinary iranians --mericans, sorr reag wasreat communicator. and he didn't just commute his eas but ideas from theople behind the irocurtain very we to the american public. president obama, whom i vote for, does not do that. he does not conv our message. he does not coey the hopes and the dreams of the irann people to the american electorate. it's not a priity for him. and it just aifferent tim inmerican politicst seems cold war politics were about. but another reaso maybe more significant is t reasonsave to do with iranian polits. one is that iranians tend to be very insular. they don't reach out and they dot kw how to reach out in effective ways. we need learn.d something i'm hopghat the iernet and a new generation iraans inside and oside of the country can help with that. but anothereasons stragic and tactal. is mov

fishermen take part in a tradition that was brought to america long ago by fishing immigrants from europe. it is called the blessing of the fleet. today it is a celebration where clergy from different religions gather to say a prayer for the safety and success of the men and women who will head out to sea, some for weeks at a time. the ceremony goes on in good times and in bad. it took place after katrina, and it took place a few weeks ago. and still, they came and they prayed. as a priest and former fisherman once said, "the blessing is not thaa god has promised to remove all obstacles and>m$(lc@&c+ the blessing is that he h us always -- a blessing that is granted even in the midst of the storm." the oil spill is not the last crisis america will face. this nation has known hard times before, and we will surely know them again. what has always seen us through is our unyielding faith that something better awaits us if we have the courage to reach for it. tonight, we pray for that courage. we pray for the people of the gulf coast. we pray that a hand may guide us through the storm towards a

from the former slave barrier to the children of the civil war, to the immigrants who twice free europehe korea and vietnam these grounds record that not only freedom and liberty have endured, but that they have flourished. those who sleep in arlington is newest section are from every race and every creed. their graves are topped by the cross, the crescent moon and star, the star of david. to walk from les manchin to arlington's first degroat -- freshly -- from lee's manchimano arlington's freshly dug grave, it reflects the more perfect union they died to defend. in arlington like nowhere else, we can see freedom blossom and note its price. it is now privilege to introduce our next speaker. but i fit want to say a note of gratitude to his wife, dr. joe biden, who i doing so much to help our military -- dr. jill biden, who is doing so much to help our military milies. [applause] ladies and gentlemen, it is my honor to introduce a man who knows both service and sacrifice, the vice president of the united states. [applause] >> thank you all very, very much. deputy secretary lynn, thank you

to some extent you are seeing that in europe, portugal, italy, greece.hey made promises that they could not afford to keep. to mix metaphors, the chickens have come home to roost. they have a huge problem the hands. we must make sure that as a society we find more intelligent, smarter ways to get more effective health care and retirement security of more effective costs. anyone who avoids dealing with that is condemning future generations to lower standard of living. frankly it is tantamount to generational theft in should not become susceptible in america. host: rocky mount, good morning. caller: thank you for taking my call. i wanted to address what the congressman said. i notice that he said the government's cannot plug loopholes in he does not trust government because they cannot plug the hole with the oil coming out. you know, government is not in the oil drilling business. mainly because republicans do not want them in there. because they want the private sector. they want the government out. all of a sudden you are saying the government cannot plu

that's where europe has been.i don't believe that if you stick with capitalism in this form, and the free market enterprise in this form that we're going to grow and expand. unfortunately capitalism and the free market economy as we know it is archaic. i just have to say for the last panel, for the emphasis that there is a lot of nano technology going on at suny albany and albany state. guest: you got a democrat that snuck through on your republican line. host: you don't believe it? guest: of course it's a process but it's not the kind most americans like. if you look over the past decade or so, evolution has been that one little policy after another has grown the government and americans hate it. so one little bailout here and, ok, we acquiesce to it. one little takeover there, we acquiesce to that and pretty soon we end up with a system he would don't like. we end up with one system that we have as our ideal, which is the free enterprise system, and we found out that we've gone down the other road. and quite fra

the falling equity prices in europe will leave some imprint of the u.s. economy. offsetting factors such as gold prices for oil ongoing developments in europe point to the importance of maintaining sound government finances. in many ways, the united states enjoys a uniquely favored position. our economy is large, diversified, and flexible. it is our intention -- global investors have used treasury securities as a safe haven. barrier to achieve fiscal sustainability will sap the nation's vitality, reduce our living standards, and increase the risk of economic instability. our nation's fiscal situation has deteriorated. as the economy and financial markets continue to recovery and the actions to promote financial stability are phased out, the budget deficit should narrow over the next few years. even after economic and financial conditions have returned to normal, the federal budget appears to be on an unsustainable path. a variety of projections that make assumptions about the evolution of the economy show a structural budget gap that is large relative to the size

there is a lot of trade opportunities outside of europe and we will continue to monitor and do business with them, but it is not dispositive of how we do if the european trade is off a bit. >> i would like to follow up with a trade questioned. the american taxpayers will be paying $147 million a year to brazil because the agriculture department was ruled illegal by the trade organization. what are you going to do about that? >> we have to educate people about what has been done about the credit export program that may be responsive to the concerns raised by brazil and the world trade auk -- world trade organization. it has been substantially less than the penalties that were assessed a would have compromised agribusiness in a very significant way. not only would we had terraces sensed -- tariffs assessed against them, but we would have intellectual property compromised as a result of that decision. >> would not be cheaper to revise the underlying cotton program that cost taxpayers between $2,000,000,000.- 1294967773 dollars a year? >> the reality is that changes have been made -- betwee

country, not least in his own as he knows, a 270 million pound government loan guarantee to support gm europe was announced on march 12, 2010. we are reviewing commitments made since january 1, 2010. projects that are good value for money and consistent with the government's priorities will go ahead. but let me say to the honorable lady and others who are shouting opposite that we have to be clear that there were spending announcements made by the previous government before the election that do need to be reviewed. to take just one example of one scheme operated by lord mandelson's department, the so- called strategic investment fund -- when we looked at the money provided for specific projects, we found that over two thirds of the constituencies involved were marginal labour seats. so it is right to examine these, but i say to the honorable gentleman that proper grants properly made for proper reasons will go ahead, but fiddled grants for political reasons should not. >> stuart andrew. >> the 16-year-old son of my constituent, lorraine fraser, died after a vicious multiple knife attack incid

we sell a lot to the far east, china, and europe. china and japan keep buying. we are in good shape. if iraq remains in the dump, we are not. there is a slow recovery going on. we do not know whether the sovereign debt issues overseas and the problems on the new york stock exchange will cause psychological damage to investors. we are waiting and hoping that things settle out and the economy comes back and we can get back to sufficient revenues to run the state. we have huge budget calls to deal with in the next two years. >> the next question is the biography question. you came to this job from legislator.as a state i wonder how the responsibilities transfer. what does having the legislative experience do for your perspective as a regulator? >> first of all, all processes are give and take. regulation is not a science. it is an art. there is a range of outcomes that could be right when you the methodology can be humane. court's judgment on final results. in the legislative process, they delegate their authority to set rates on the monopolies they granted. we are

there is no reason why europe or china should have the fastest framework. there is no reason that germany or other countries in europe should have the newest factories that manufacture clean energy products instead of us here in the united states. that is why the recovery act has been making unprecedented investments in clean energy, spurring america's businesses to build some of the world's largest wind and solar projects, right here in the united states of america. i have said this once before at the state of the union address -- america does not settle for second place. we're going to make investments to make sure we're first in the future, not just in the past. that has to be our priority. that is why we are bringing high-speed internet and thousands -- tens of thousands of homes and businesses, hospitals, schools. that is why ray lahood is leading a surge of new investment in high-speed rail. that is why we invest in electronica medical records. one year ago, american businesses -- in electronic medical records. one year ago, american businesses have b

criminals came from europe as well. we were kidnapped from our countries and we came here. guest: the caller brings us the historical aspect of this, our history is complex. the current polarization of this debate that we see across the country is not new. this occurred when other groups that their time were considered minorities that came when southern europeans came to the u.s.. what we are seeing is the growing tension, of course, african-americans were forced immigrants in the country, which has also been a large historical issue in the country. i think that the caller is right. there is a historical aspect of this. i think it one of the things contributing to the current tension is that immigrants by and large numbers have started to appear in parts of the country where they were not as prevalent in the past. host: mike, new york, new york, good morning. caller: good morning to you. i lived in new york city. i have the privilege of attending some of the ration rallies in union square. -- some of the immigration rallies in union square. americans are not anti- immigrati

now, europe is putting together a bailout package for spain. ireland and portugal may not be far behind. the warnings are numerous but i fear that they are being ignored. we have to get control of our federal budget or there's not going to be anyone big enough to bail us out. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from colorado rise? >> i ask permission to address the house for one minute. the speaker pro tempore: without objection, so ordered. mr. perlmutter: thank you, mr. speaker. listening to my friend from pennsylvania i'd remind him as well as others that the last month of george bush this country lost 780,000 jobs in one month. ok. 14 months later, 15 months later we gained some 400,000 jobs in this country, but in the process down here in the recession after the bush administration we lost eight million jobs. we have a long way to go to put those people back to work, but for democrats that's job number one, to continue to add jobs and put people back