her own words were that i responded to and the title of her article by isabella kaminski in the financial times you can look this up yourself was when memory becomes money the story of bitcoin so far now she starts off a piece saying that it's worth mentioning that bitcoin was first popularized in the murky underground universe of silk road so it's just these illegal drug dealers and takers and users and abusers who are the ones that popularized bitcoin and then she says it's also those gold bugs those weird gold bugs and speculators to have an interest in inflexible markets that they don't want flexibility of a currency and then she says. that said it's understandable why the darker elements in society might feel threatened by an economic system that's trending towards a more equitable distribution of wealth by means of government controlled system the threat is heightened further when governments are doing their best to counter the hoarding wealth in concentrated pockets by means dilution through processes such as quantitative easing so she saying. that quantitative easing is lessening income

i mean, for a long time, we were all very reliant on the autos. and then suddenly the financialery much out there, you know, spending big bucks on advertising. who were the cast of characters doing much of the spending right now? >> for us, we've got a pretty high-end audience and luxury has been pretty resilient, even through the downturn. we have tried to build a pretty diversified advertising base. you don't want to be too dependent on any one sector. so if one region is kind of struggling, then we tend to have other regions that are offsetting that. >> so are there any plans to focus, you know, go all in on digital and do away with the newspaper? >> i mean, our model is basically driven by our readers and what we're seeing from our readers is there's still some pretty strong demand in financial centers for the print publication. it's a format that works very well for them and, you know, as i said earlier, it's profitable, before advertising, so for us, it's a great revenue line and profit stream. >> yeah. people love the newspaper. that's the bottom line. how will you change

"the financial times" is reporting their teaming up with one of the biggest ad buyers, starcom group. >> they will look at ways for companies to integrate the micro blogging services with television. the partnership will last for several years and grants smg clients preferred ad slots on twitter. >> just to bring you up to speed on what's happening in bayern munich-barcelona, no sooner did our sports correspondent talk about missing chances, bayern munich scored. a close range pattern. >> that set for us for now. things for joining us. captioned by the national captioning institute --www.ncicap.org--

joining me now is jillian ted, assistant editor and columnist for the "financial times," you've been at this and look at the big economic issues. what about the sequester? the 10% cut and despite the fix on the faa, it's still in place for much of the economy. is it freezing things up? >> well one of the very interesting things that's happened in recent weeks is that having the sequester has almost begun to seem like the new normal and there's been almost a sort of grudging political acceptance. acceptance amongst voters. in terms of the tangible impact on the economy, it's always been clear that it was going to be a cumulative thing. we didn't just suddenly see a shock on the first march. what we do know is that the economy is not performing as people had hoped. we had some pretty sobering gdp data late last week. and same time we've also got the headwinds from the eurozone and the european problems as well. so taken together, it hasn't knocked the economy completely off track, but it's certainly not helping. >> at this stage, what could congress and the president do if they could w

this morning, from "the financial times," "thatcher, the great transformer."rom "thelly," washington post." this editorial, "she change her country's direction and its standing in the world." not since catherine the great has there been a woman of such consequence." "the guardian," reporting this morning the prior to her death she said she did not want a full state funeral, because she new parliament would have to vote on that. instead it will be a ceremonial funeral taking place at st. paul's cathedral in london. in 1995 she came to our c-span studios for one of two interviews. we also interviewed her in 1993. the second part of that was her path to power, when she talked about life growing up outside london, daughter of a grocer, the influence her parents had on her early childhood. [video clip] >> i said to my father one sunday evening that my friends are going for a walk and i would like to go with them. do you do me -- things just because other people do them? that is a very bad thing to do. do not just be one of a crowd. very tough advice. i did not go o

this next time they aid us back a small tax on financial transactions would be a start and right wing attacks on big government aren't just wrong they're dangerous i'll tell you why it's nice that we take. the best of the rest of the news on monday the supreme court heard arguments in the case of the association of molecular boleh killer papyrology versus myriad genetics incorporated the central question in that case revolved around whether or not marriage and medics american biotech firm has the right to hold a patent to human gene sequences that can be used to predict whether or not an individual is at risk for breast cancer or myriad argues that its patent is necessary to ensure that it is properly rewarded for the millions of dollars it spent research and development its and its opponents believe that it is impossible to own something as natural as the human genome whichever way the supreme court rules the decision will have broader ramifications for both the future of the american biotech industry and intellectual property law as a whole for the millions of americans at risk for

all this financial news about the collapse of commodity prices right now big things in today's financial times about copper is falling gold is foreign oil is falling weed is falling and it's not because all of a sudden people stop buying them or needing them or eating wheat it's because there's been this huge bubble in the commodity speculation market and that's that's part of the we get these bubbles as a consequence of this churn whether it's stock or whether it's stocks they represent commodities or trades and commodities. how much damage could be mitigated to our economy or how to what extent would would having this very very small tax is slowdown or or dampen this process of computer trading that. benefits nobody except a couple dozen billionaires on wall street. well is this a genuine big deal for the economy oh it's huge i mean when you look at the figure three hundred fifty billion dollars a year we realize other bills have been put forward that talk about bringing in that amount in a period of ten years but we need it now i mean when everyone else is talking about budget deficit we're

say that most of the largest deposits as they just are russians and this cypriot banks and the financial times for example reports that the russians may lose up to four billion euros as the banks go on the restructuring and analysts from moody's rating agencies they say that the loss may be even more significant around six billion euros bottle whatever the loss is the russian savers will have to cope with it on their own as the russian government has officially about moscow is not going to bail them out. it's a great shame if somebody loses money in these two cyprus banks but the russian government won't take any action in that situation if there will be some serious losses in companies in which the russian state is a shareholder we would look at these cases publicly here in russia but for this it would certainly not be necessary to help the republic of cyprus. interesting about this whole thing at the money with these large percentages of come out now is when if we go back when the whole debacle came out the ten percent of the supposed as was natural we had a lot of outrage here in russia we

reporting on a daily moving people's kidney it'll be on the front page of the telegraph or the financial times of the new private equity version of national health service we accidentally took people's kidney out isn't a fantastic the g.d.p. has boosted george osborne's about the g.d.p. is going on because remaining people don't have the hospital. so the article goes on to say in an editorial dr reinhardt an expert on medical economics from princeton university called the study's findings trouble some but not surprising he called the current payment system untoward adding that it can quote tempt all the wise admiral people into dubious conduct well this is pretty remarkable covering for a doctor from princeton who say suggesting that there is a huge financial incentive there to. you know leave a sponge and make them have to stay for fourteen days it's not a it's not bad enough that bankers have an incentive to commit fraud they want to give doctors will scalpels an incentive to commit murder you know pay him by the head pay by the scalp paying by the bust a kidney so this is where the economy

everywhere which was cyprus to dive into its gold reserves a draft bailout document seen by the financial times said the cypriots already have committed to sell the excess amount of gold reserves owned by the republic the excess amount was ten tons of their thirteen point nine tons which was worth four hundred million euros right well on this show we have said that the i.m.f. the e.u. the e.c.b. the so-called troika there their goal as they maraud around europe is to grab the gold remember greece had to give up their gold to the troika cyprus of course will give up their gold and it's because funny.

reporting on a daily moving people's kidney it'll be on the front page of the telegraph or the financial times of the new private equity version of the national health service we accidentally took people's kidney out isn't it fantastic the g.d.p. has boosted george osborne the g.d.p. is going on because removing people the article goes on to say in an editorial dr reinhardt an expert on medical economics from princeton university called the study's findings trouble some but not surprising he called the current payment system untoward adding that it can quote tempt all the wise admiral bull people into dubious conduct which was pretty remarkable covering for a doctor from princeton who say suggesting that there is a huge financial incentive there to you know leave a sponge and me. you have to stay for fourteen days it's not bad enough that bankers have an incentive to commit fraud they want to give doctors will scalpels an incentive to commit murder you know the pain by the head pain by the scalp pain by the bust of kidney so this is where the economy is going because there is no organic growth

everywhere which was cyprus to dive into its gold reserves a draft bailout document seen by the financial times said the cypriot thordis have committed to sell the excess amount of gold reserves owned by the republic the excess amount was ten tons of their thirteen point nine tons which was worth four hundred million euros right well on this show we have said that the i.m.f. the e.u. the e.c.b. the so-called troika there their goal as they maraud around europe is to grab the gold remember greece had to give up their gold to the troika cyprus of course will give up their gold and it's funny because obviously the cypriot government was the last to know that the i.m.f. had taken their gold then they said wait a minute no that never happened then they got the phone call saying wait but we did take your gold then they came out that oh i think they did take our gold but of course that's what they want the gold price itself was down on the news that there's going to be a seller in the market meanwhile chinese gold buyers are frantically on the phone will take it will take it so it's a great day for ch

- into a corner as the financial times" indicated, they have been a longtime ally of syria.hey are on the minister iranian coast of syria. it is interest. -- they are on the bed iranian coast of syria. mediterranean coast of syria. the iranians have one major arab ally. what they are dealing with here is a series -- is a situation where they believe that if the assad government falls they will no longer have access to that military base on the mediterranean. if that military base is no longer open to the russians than they have a difficult time projecting how are -- projecting power beyond international borders. russia pasquale's has been to expand russian power, if not expanded even -- russia hassible -- russell's goals been to expand russian power. that is one part of the russian strategic focus. the problem they now have is because of the use of chemical weapons -- the possible use of them -- chemical weapons are prohibited by international treaty. if the russians come out and say "we support the assad regime in spite of the use of chemical weapons," that becomes a proble

but more from the business standpoint, there's the "financial times," "the wall street journal". as social media picks up, as twitter, you get your news from facebook, people are changing the way they like to get their news. and so i think, over time, we are going to see a slow decline of print media. >> that's the thing, though. they're not getting news on twitter and facebook, they're getting people who retweet stuff from a lot of classic media, are they not? most twitter retweets, unless there's some humor or one-liners are probabactually links to peoo actually wrote something. >> right, it is a link to a "new york times" article or a link to a bloomberg article and that's how people are getting their news. so if you get your news from one of these social media outlets, it doesn't count toward your pay wall, so you're actually getting around that pay wall. >> jocelyn mckay, thanks very much for joining us today. >> thank you. >>> next up, some think apple is losing its cool to samsung, and now some think samsung can bring the cool back to best buy. we'll find out how, coming u

the financial times reported last year that the global music industry revenues hit a whopping $16.5 billiontime it's increased since 1999. music is always evolving, but one man always stayed one step ahead. he launched the careers of bruce spring steen, franklin, whitney houston just to name a few, the one and only music legend and power force, clive davis, a new book out, "the sound track of my life," i love it, it's fantastic, but i'm sure you heard that everywhere. it's been on the new york best seller list for seven weeks now. wow, congratulations on that. >> it's a thrill for me. melissa: amazing. i hardly know where to start, but i want to start with the business of music because we talk about the revenues there a bit. it seems like every time there's a new trend in the way that we're all consuming music, it changes. there was itunes. look at streaming, is huge, generating $1.2 billion in royalties last year. what is the future hold for the business of music? how do you see it changes? >> well, first of all, i'm very optimistic, number one, because when new technology comes, you wonde

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another one there on the front of "the financial times." i think all in all, the organizers will be very pleased with how things went. only seven arrests throughout the day which given the hundreds of thousands of people on the streets is quite remarkable. there was an increased security presence. about 40% more police than last year. but still, you know, it's impossible to secure 26 miles of a marathon course through a city like london. so i think the police were realistic, really. they didn't want to turn this into a kind of event where security dominated the atmosphere. they wanted to keep that feeling of fun, of lightheartedness. although, of course, tinged with a bit of poignancy for the events in boston. >> and speaking about that poignancy, with boston very much on the minds of all of those people there in london, i wanted to spotlight one woman in particular, tatiana mcfadden who took part in the boston marathon and was there in london, dan. >> reporter: that's right. yeah, there were several competitors who'd been in boston and the

it is very interesting that in february there was an ad in the financial times from a guy in the centralhool in beijing and that article suggested that china should dump north korea. well this guy lost his job a few weeks ago and i think that shows there's a lot of support in the regime in beijing and there's a lot going on that i'm not sure that china is going to ditch north korea was this guy did lose his job which indicated that north korea does have a lot of support at the top. >> gordon change, you certainly know your stuff. we thank you for joining us on cnn. >> thanks, don. >> coming up the civil trial and the death of michael jackson. are will the king 0 pop's oldest son have to take the stand and testify? we know the value of your at ueducation of phoenix is where it can take you. [now arriving: city hospital] which is why we're proud to help connect our students with leading employers across the nation. [next stop financial center] at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control,

david, you wrote a piece for the financial times what is going on for manhattan. you think this is the start of something for the rest of the country or is there a urban story, a real estate renaissance? >> no, it is a greater so. we're seeing housing purchases are up nearly 20% across the country which is a great sign. they're up in manhattan. looks like this will continue throughout the country for the foreseeable future. one of the challenges is sustaining this momentum. while prices may be rising, while buyer numbers may be rising one of the key challenges is supply. the housing supply right now is mo the lowest numbers in 10 years. jenna: we had the opposite problem during the recession, didn't we? there was just so much supply, there was such a big boom that was a big problem for housing. so how are we so quickly on the other side of that? >> what happened all of that available product as they call it, all of that available supply was snapped up by buyers who had the money or could get financing during that period. more importantly, there has been a big lull

"the financial times" a quick op-ed -- north korea seems to many people to be behaving strangely. big question is should the response of the world be equally predictable. the u.s. refuses to directly talk toots pyongyang. this is the wrong approach. the "wall street journal" editorial board basically says the opposite, which is call kim jong-un's bluff. what do you say? >> i think keep taking deep breaths. i mean, if we're patient, this is going to work itself out. the two unknowns here are the two differences from previous cycle of provocation, one an untested leader in the north, one a new president in the south. as general thurman said, you know, if north korea takes a particular action, as they have in the past, in the last three, four week they've sunk a ship, shelled a south korean island. this time around if north korea fires at the south, the south is going to fire back, and then you're into a dynamic where there is some considerable uncertainty. >> considerable uncertainly to say the least, katty. it seems that kim jong-un is making the pivot for him. it's a delicate sort

>> luis, i read the same "wall street journal" and "financial times" article you read. so let me put it in perspective. china is a huge market. and u.s. companies and all sorts of companies are benefiting greatly by participating in that market. so apple historically had looked at china as sort of the factory of the world. so, apple -- computers, iphones, were assembled in china and sold in the u.s. and around the world. but what has happened, as with economic growth and greater prosperity in china, it has become a big market, and market -- end market. it is the fastest growing market. some think it is the fastest market for smart phones in the world right now. so apple got a big percentage -- got a big stake in that market. and i think what you're going to see if foreign companies -- and there's a good number of u.s. companies and other foreign companies who got leadership positions, they are going to be under a lot of rooney. they are going -- under a lot of scrutiny and they are going to be held to a high standard by regulators. ism not saying all of this fair, but i

it is on the front page of "the financial times" wondering if this is the next big bubble in bitcoin. we'll certainly stay on top of this and follow it. thanks for coming on and explaining it to. >> thanks, michelle. melissa: next on money, insider trading crack down spotlights the underbelly of wall street. is the power of money fueling the culture of corruption? we'll hear from a white-collar convict. >>> best buy slashes the price of ipad. we've been flooded by questions since reporting it from you. is a new ipad just around the corner and should you hold off buying one until then? a top tech expert joins us to answer your questions you sent me last night. more "money" come you will. -- up. ♪ welcome to the new new york state. what's the "new" in the new new? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower

quarter of your situation of becoming the boss, what's the most important thing of a ceo in tough financial timesfocus upon? >> well, certainly mining the financials is important, but most importantly, it's takiig care of your customers, and in order to do that, you have to take care of the employees. i spent a lot of the first three months visiting with the employees, getting a feel for what they see in the business and what we can do better, and how we help them take care of our customers. liz: love your workers, they love the customers, they love you. good to see you. >> that's right. liz: congratulations on the first quarter, always welcome back. >> thank you, liz, thanks for having me. liz: taking over from greg, a good p friend of the network. closing bell rings in 14 minutes and change. is it all doom and gloom? the next guest calls for the next big crash since he was back on the show in september of 2011. now he's saying that something else is a good buy, as in really good buy for your portfolio. mark, doom and gloom publisher tells us what it is next. we'll push him a little on the past

financial crisis. >> well, i think the twin peaks system is a better system. i've been a strong supporter of it for the last four years and indeed during that time at the fsa we've been building the institutions which are now launched as the prudential regulatory authority and the financial conduct authority. and i think as i've said before that having a group of people who are focused on prudential regulation when the rest of the world thinks that the prudential risks have disappeared and vice versa with conduct regulation is the right way to go and i also believed for many years that it is right to have prudential regulation of banks in particular close to the central bank. so i don't really want to go into much more detail on that. i think it's not right for a former chairman to get too much into the commentary. the limelight ought to be taken by the new leaders of the new institutions but, yes, i am a supporter and i believe it will be a better system for the future. >> i just wonder in your role now, you can now -- you are thinking new economic thoughts. what are these new economic thoughts? when we talk about, for example, britain. is there not a tension b

there is a section of the financial times newspaper called how to spend it.ou can imagine the kind of people who spend that kind of money, well, every week a bunch of us go through this magazine in shock and awe. hundreds of thousands and millions of dollars people spend on watches. look at these watches. every one of them, several hundred thousand dollars. at least. that is a cheap watch. most of us who look it up don't wear watches. we're not alone. according to a survey by yougov.com, 35% of men use the cell phone as primary time piece. that doesn't bode well for the watch maker. you merely look after a watch for the next generation. maybe that person who bought the $11 million watch should resell it so he had they don't leave their kid with a watch that used to be worth a lot of money. that leads us to our question, do you wear a watch and if so, how much did you pay for it. let us know on twitter. >>> still to come, new developments in the rutgers university basketball scandal. the settlement that the school's athletic director left w and jay z and beyon

reporting on a daily removing people's kidney it'll be on the front page of the telegraph or the financial times of the new private equity version of national health service we accidentally took people's kidney out isn't it fantastic the g.d.p. is boosted george osborne it's about the g.d.p. is going on because remaining people don't have the hospital. so the article goes on to say in an editorial dr reinhardt an expert on medical economics from princeton university called the study's findings trouble some but not surprising he called the current payment system untoward adding that it can quote tempt all the wise admiral pull people into dubious conduct well this is pretty remarkable covering for a doctor from princeton who say suggesting that there is a huge financial incentive there to. you know leave a sponge and make them have to stay for fourteen days it's not bad enough that bankers have an incentive to commit fraud they want to give doctors will scalpels an incentive to commit murder you know the pain by the head pain by the scalp pain by a bust of kidney so this is where the economy is g