to mammoth and the first national bank versus bloddy decision which was less than a decade later that said corporations have rights under the fourteenth amendment so now we have money having been protected by the first amendment corporations being protected by the fourteenth amendment which by the way was passed to free the slaves you know it's just hard to imagine a blink and say let's free the slaves and the corporations just. but but this is what our supreme court has done over the last thirty years and it has created a. politically corrupt system in the united states at the state and local and federal level i mean it's just it's happening all over the place it's very difficult for politicians these days not to be corrupted by politics in fact it's increasingly virtually impossible for them to run for office behaving in a way that could get you to this kind of trouble one of the things you mention are the loopholes and i read a excellent article and the new york times by eric lipton and which actually points out that loophole that if you just basically funnel everything through a s

in some work with leo tillman that the federal government might want to start up sort of a first national bank for innovation that would go out, and the bank would go out and borrow, would issue government-backed bonds paying very low interest, and the bank -- with its many branches -- would lend to start-up companies and help them get on with their attempts to bring their innovative product to market. that was, that idea is based on the farm credit system. so we already have in the federal government a wang like that -- a bank like that to help farmers with decisions about seeds and fertilizers and all that. so why didn't we carry out the same idea with innovation? so i'm not an anti-government guy. i'm not even arguing for a net decrease of spending. but i am certainly arguing for a contraction of all this corporatist spending which has such ap insidious -- an insidious effect upon the economic spirit. >> speaking about areas of government spending where you might see benefits, you talk in the book about the role of education as important in promoting creativity and innovation. you also sugg

the first female to run the nation's bank. and a job market that looks very much different today than it did just a year ago. >> and that's where we begin tonight. one of the biggest things in the american economy undergoing significant change is the labor market. the unemployment rate is coming down, but the amount of people looking for work is at a record low. those out of work for an extended period of time now have no safety net. >> veronica is caught in the crossfire of the new economy. she is one of the 3 million americans who are out of work for more than a year. that $1200 a month has been an economic lifeline. >> not having that money is devastating. i don't know where i'm going to get money to pay my rent, to buy food, to pay car insurance. it's -- it almost leaves me speechless just trying to articulate what it means not to have that money to fall back on. >> reporter: what's next for her? it's complicated. armed with a phd in law enforcement, it was not that long ago when she was earning more than $75,000 a year, o

the vote is all but assured and yellen is set to become the first female chair of the nation's central bankl replace ben bernanke, who is stepping down after two terms. she is expected to continue many of his policies and oversee the unwinding of the fed's stimulus policies. >>> secretary of state john kerry insists u.s. troops are not heading back into iraq. that after another deadly weekend there. car bombings killing at least 18 people in baghdad. hundreds have died in fighting and other violence in just the last six days. as the government fights militants, a fight some say iraq cannot win without u.s. help. nic robertson monitoring developments for us from jerusalem. hi, there, nic. >> reporter: hi, there, christine. well, a lot of the fighting focused around the town of fallujah. fallujah is in the western province of al anbar. this is a majority sunni area. the rest of iraq is majority shia. it's a shia-dominated government. the army is shia-dominated as well. and what the prime minister is telling the army right now is when they shell fallujah when they attack fallujah, and that may

that pension funds to the unified pension fund will be completed by april first defeat of fourteen. meanwhile the national bank is working in the new concept of pension assets management the other the constable allows the fall with the pension assets are unfortunately some tree protection money is theirs they think that they know how the funds are used to think it should be used to infrastructure projects as well as private partnerships but i want to assure all the retirees investors but the swans are sacred trust with any other time. we asked the national bank of context and take responsibility for your money the heat on behalf of president and the government. i can show you that you will be posted only seek security. boland who loves to watch. according to the financial supervisory committee of the efforts of the december first of two thousand thirteen pension savings of investors a mama to three trillion in six hundred and sixty two point five billion take that fifty percent more compared with two thousand while the larger share of accumulations was concentrated for funds integrated the killer pension fund.

the first female to run the nation's bank. and a job market that s

the first female to run the nation's bank. and a job market that looks

council first met back in october of two thousand and ten they've designated three systemically important non-banking financial firms the first one is new york to. new jersey based prevention by national and new york based met life all are in the final stages of review. well there you have it as always will be checking these stories and keeping you posted on all the latest. as the world of business and political leaders meet in davos one of the main themes is income inequality now the pope has implore the leaders to take this issue very very seriously now back here in the u.s. unemployment has been on the decline but many are afraid the american dream is now out of reach for most americans anthony randolph the director of economic research for the reason foundation is here to talk about whether income inequality is a problem and what policymakers can do about it anthony thank you so much for being here finally in the flesh we've done this via new york d.c. a couple times but i want to start off by asking you know under the obama administration we've seen huge huge gains for corporate profits and stock prices tremendous now the fed has been printing money to help the economy which we k

have a strong support system of the funds reporting by the national bank a design you can even before that the government at home mom the first country of the former soviet union which established a deposit insurance fund the organization's main task is to protect the rights and interests of the depositors all individual deposits that are unseen be in foreign currency without the enumeration are subject to authority insurance. more increase the export of food products to moscow couple about tv reports. currently ninety five percent of profits and exported products are great to only five percent are the products currently bosco is more interested in the supply of fruit vegetables and meat over six because it produces are willing to supply their products to the metropolis the new deliveries of food products can exceed three hundred fifty thousand tonnes including about three tonnes of rice to two hundred tonnes of vegetables and fruit. in about two point five tonnes of oil to get up to five thousand pounds of flour in three thousand tonnes of meat the red eye eye . everyone should maintain the health of its kind the wallet sinc

first place let alone keeping them. about head banking on the wrong guy you need to british businessman who say a major national lend us window when i'm out of a hotel they'd work hard to get up to me have to shop break out on our international. censure what you argue for is that courage should push back after making identity above that national identity let me ask you a personal question are you a kurd first or an iraq at first i am a kurd first then i'm your rocky i am not the iraqi that i am a kurds because let me ask you that question i am from holland i have been bombarded you know i still remember the smell of the chemical weapons so what iraqi identity brought to me iraq and it brought to me the killing so people might as grace four thousand five hundred villages were destroyed. right to see. her street. and i were being put. on a reporter's. instrument. to be in the. things we're seeing with us here on arch international for all of this week's of the week bad news for washington came out of ghana stunned this week a top american negotiate it said it was highly unlikely a new security agreement would be reached

first time ever. the senate has confirmed janet yellen as the next chair of the country's powerful central bank. she's expected to focus on cutting unemployment and supervising the nation'srat in the top job since way back in 1987. she will replace ben bernanke on february 1st. >>> liz cheney has ended her run for the u.s. senate in wyoming. former vice president's daughter cited family concerns as her reason for dropping out. abc's karen travers has more from washington. >> reporter: liz cheney's bid for wyoming's senate seat didn't just divide republicans there, it caused a major public battle in her own family. but now she's called it quits. she says she's ending her campaign due to serious health issues in her family. a family friend told abc news her daughter has juvenile diabetes. in a statement, the daughter of the former vice president said, my children and their futures were the motivation for our campaign. and their health and well-being will always be my overriding priority. cheney's campaign drove a wedge through wyoming's closely-knit republican party but it was a rift in her own family that caused the most controversy. cheney tried to position herself as th

first hand. we'll talk to him. >>> frozen assets. criminal charges filed against one of the nation's biggest banks. i'm abby huntsman. today an exclusive look at the government's mission to catch a trader. >>> the cold, hard truth about self-help books. i'm jonathan capehart. as you make those new year's resolution, we wanted to know who are you really helping? >>> if you are watching us right now, that likely means you are inside. that's a good thing for 187 million of us who are trapped in this polar vortex. the coldest air mass in a generation today marched east and a whole new population of americans are saying bring it on, mother nature. >> two pairs of long john bottoms, a sweater, underarmor top and this big down jacket. >> stay home. don't come out. it's very, very, very cold. >> i'm begging mother nature for mercy. just how cold is it? this escaped prisoner turned himself back in to authorities in kentucky just to escape the cold weather. meantime, there is no escaping the problems at the airports. millions of americans have been in an aviation prison for the better part of a week. another 2,500 cancellation

first for you and i think pictures. on a reporter's. instrument. to be in the know. on. compared to any other nation white institution i would say in the bank is almost free from all those mistakes. in the significant number of mistakes happen and we try to rectify it and we try to put in the system. detect any fault any any problem that arises in the system because that does system is computer that just so that you can check that from your head office what's going on in the village it's a minimal branches we work could all of it but it was single village and i live there is excess to get me back microcredit program so we have all around the country we have eight and a half million borrowers ninety seven percent of the women are all connected to the system. we speak your language. news programs and documentaries and spanish matters to you breaking news a little turn to angles the stories. you hear. the spanish find out more visit. if you. know opportunity. to construct your. no longer. gives don't want to be gangsters you don't want to. get along well with the time that a kid came be we can see. you just means zero zero zero zero zero zero

first hand. we'll talk to him. >>> frozen assets. criminal charges filed against one of the nation's biggest banks. i'm abby huntsman. look at the government's mission to catch a trader. >>> the cold, hard truth about self-help books. i'm jonathan capehart. as you make those new year's resolution, we wanted to know who are you really helping? >>> if you are watching us right now, that likely means you are inside. that's

nation's upcoming quarterly gdp. meanwhile, the bank of japan raised assessments of the nation's five regional economy necessary a corporate report released. . the economy is recovering for the first time since april 2005 when the reporters first put together. governor kuroda stressed that the nation's economy is steadily heading towards a 2% inflation target he set at the beginning of his tenure last year. that's all from nikkei business report. back to you. >> ewe caco, thank you and good evening. >>> shares of rio tinto trading higher. iron ore output to a record of 266 million tons. and rio expects to keep churning out higher levels of orders. ethan joins us now. it surprises me to see a big jump in production prices. clearly, they're betting on a fairly strong chinese demand. are they betting right? >> we think they are. steel production was a bit in the 0.5%. our riches slightly lower than the pref year's growth rate, but still, it is a very important number. so that extent, if they can't sell iron ore, no place can. >> but what about the supply side to this story? rio themselves is pushing their business towards iron ore. this is a limit, isn't it, for this business. >> yes

well to do research for the first time in his say the nation speech in december he said look you know problems internal we need to fix them and he's highlighted this world bank doing business ranking and improving russia's but you know that's sort of emblematic of the renewed focus on structural reforms and we've always talked about it and where russia falls down is always on the implementation but certainly the rhetoric is saying they they realize the problem and they want to do something and russia has gone up from one hundred twenty to ninety second is now the easiest of all the brics for doing business according to the world bank whereas before it was the hardest place to do business but we need a lot more of that if we're going to get back to you know four percent five percent growth over. i mean i think you russia is one of these unique places where there's really no fine line between the government in business any longer and i think this this is a problem because you have a situation where the government can decide whether your company succeeds or it fails whether you go to jail where you get out of jail i mean there's there's there's no all you can d

first time in 13 years that gold is actually negative on the season. i liked it last summer, i liked it last fall, i like it even better now. swiss national bank lost $10 billion because they didn't hedge their gold position which i think number one is stupid, but that's a sign that usually kind of bottoms get put in when you see those capitulation type news stories where people can't take it any wonder. james: right, and you know we've seen that a of couple times over the last year though and yet the price action has continued lower. so i'm not quite ready to jump in at these levels yet. i think there is some more downside here. you know if i were looking to get long, i definitely would not be doing it unhedged. i would definitely look to collar this off, you know, selling up-side calls to buy down-side puts while owning the underlying. great way for me to stay protected if i wanted to get long at these levels. alan: a lot of upside after this big sell-off from 1900! angie: topic no. 2: retail wrecks. is sears the new jcp? which stock would you own? james: i wouldn't own either of them. aland: you've got to pick one! the question she asked wa

first. because we don't have shareholders. ♪ baby... join the nation. ♪ nationwide is on your side ♪ so ally bank has a that won't trap me in a rate. about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >>> this is robinson avenue, south robinson avenue in oklahoma city. it's notorious not only here in oklahoma city but really all over the globe, especially through the internet, for the availability of street prostitutes. >> with video camera in hand, brian bates is trying to drive prostitution out of his hometown, oklahoma city. >> this is the most notorio

banking retail and consumer lending. the statistics agency so france germany to meet her father to join report forecasting a smuggler three years on the first half of two thousand fourteen the national institute of statistics and economic studies in front. acc for economic research in munich and essentially raw statistics of the telly for concert zero point two percent growth in two to four minus two thousand and two the panthers quarter of two thousand fourteen as compared to seeing you don't appreciate the eurozone economy has shown promise it's going to increase the private investment and trade policies and measures however the later mike and amy stein and no significant growth in the labor market is anywhere close to expect the unemployment rate means hike to ikea. i must achieve greater sales and deliveries of aircraft in two thousand to eighteen. the manufacturer has announced its total of one thousand six hundred ninetieth for this is the result of the boeing has reported about getting one thousand five hundred anyone orders last year. the guys and the european manufacturer has overtaken its american rival. however the american manufacturers to remain the largest civil aircra

first national champion since 1999 with a final score of 34 to 31. >>> a monumental confirmation in the senate. for the first time a woman will lead the central bank. lauren simonetti has the story. >> janet yellen confirmed as chairwoman of the federal reserve, it is the first time a woman will lead the central bank in the 100 year history yellen will be unwinding the enormous stimulus. her victory had a senate margin of approval in history. buying a smart phone this year might be a very smart idea. consumer electronics association says the average price will fall to just under $300 from over 440 bucks back in 2010. yet more smart phones will be sold 1.2 billion of them to be exact. amazon makes the biggest delivery ever, a nissan. what looks to be in this big brown box in madison, wisconsin. in case you are curious, here's the story. they delivered verse saw notes to three lucky customers who bought the cars through amazon.com. the message here is this the future of car buying leaving the showroom and heading on-line? it's a fun pr campaign. >> lauren simonetti live for us. thank you, lauren. >> 12 minutes after the top of the hour. if you can't

banks and lead to flooding. >>> for the first time in the nation's history, more than 50% of u.s. lawmakers are millionaires. house of represents and the senate, 250 had an average net worth of $1 million in 2012. the rich es is california congressman, darrell issa, worth about $464 million. the least wealthy is congressman david valadao. a california republican, actually $12 million in debt. >>> the days of the anonymous view may be over. a virginia court has ordered yelp to reveal the identity of seven users that wrote negative reviews after a company claimed the reviewers were not clients and all their comments were lies. alison kosik is in new york with the story. >>> a virginia company called hadid carpet cleaning took yelp to court. it said a number of reviews on the site were negative and defamatory. they weren't customers. one review said, do not use this company! they overcharged me for a service they did not perform and wouldn't give me a refund. the court agreed with the company. the court ordered yelp to disclose the user's information, carol. >> i have such mixed feelings about this. if you are

bank since 2010 she has been a strong advocate of flying unemployment and getting his first four year term february 1st >> millions of americans have gone into hibernation with dangerously cold air griping the nation. >> in minnesota temperatures with wind chill will reach minus 50. in new york live on what everybody is learning the new term polar vortex. >> reporter: this is record breaking cold. across the country, temperatures 20s, 30s, 40, 50 degrees below. it is dangerous and life threatening. meteorologists call it a polar vortex. invading the u.s. >> it's brutal out >> officials are warning of the weather >> black ice and drifting on roads makes things dangerous >> a state of emergency in indiana. 0 inches of snow fell there. knocking out power to tens of thousands. >> temperatures dropping and we're very concerned >> an elderly woman was found dead outside in the bitter cold. chicago setting a record of minus 16. a wind chill of minus 41. >> i'm not happy. it's cold outside. >> i'm wearing long under wear. i'm going to work. >> in northern minnesota wind chill plunged to 55 below. tow truck drivers helped stranded motorists. >> this vehicle starts every other day but with cold weather it's

first. how alarming are christie's numbers for supporters banking on him as the 2016 front-runner? >> well, reverend, the numbers themselves are deeply troubling for anyone looking at a national worse than the overall numbers is the fact that here is a candidate who doesn't enter an election cycle with a whole bunch of hope. he is well-known at this point. he has had this cycle of being relatively unknown and then popular on a national stage, and now known for all the wrong reasons. that's what is very hard when you're looking at national campaign. you have to reeducate, reintroduce yourself to all these voters who are looking for a new option in 2016. so it's not just that it's bad, it's how widely this story has spread and how negative it is combined. >> his calling card was that he was a republican that could get democratic votes. that he potentially could be the bipartisan republican candidate. is that gone? that. >> is gone. i mean, the democrat numbers as they've come down, the independent voters as they've come down, the number -- his bleeding of support entirely among african americans. these are disastrous numbers for someone who as you say it's not just a calling ca

bank, laundry, and shop. the death of nelson mandela was a moment that parliament could not ignore. the first black president of south africa and father figure for his nationame to parliament back in 1996 and spoke in westminster hall. he was fully aware of the anti- apartheid campaigns that ran in britain throughout his long time in captivity. when his death was announced, tributes were many and moving. >> when nelson mandela took his first steps to freedom, he made no call for vengeance, only forgiveness. he understood that dismantling apartheid legacy was about more than just removing the most explicit signs of discrimination and segregation. >> the man most responsible for the destruction of what people thought was indestructible, the apartheid system, the man who taught us that no injustice can last forever. >> my mother was often alone in the early section of the public gallery. when he entered the dock, he would always acknowledge her with a clenched fist, which she would return. >> a former foreign secretary gave a slightly different emphasis. >> it was not just nelson mandela who undoubtedly deserves the bulk of the credit, but there was also the

first, the logic context is as a nation we have a huge problem. we spend more money on medical care than any other country in the world, according to the world bank half of the money spent on medical care in the world annually is sppbt in the united states. yet we rank at the bottom of the industrialized world on health and we are losing ground over time so we have a crisis. and the problem is not just a problem of the low income individuals and the poor. even the best off americans are not currently achieving a level of health that possible. and more medical care spending will not solve it. we now need to look at what are the drivers of health in the first place our health-care system is wonderful, we have great facilities, the best trained medical workforce in the world but to a large degree, medical care is a repair shop that takes care of us once we get sick and it doesn't determine whether we get sick or not in the first place. >> so what san example of something that can be done to improve someone's what we call socioeconomic stat thaws then leads to an improvement in health? >> so let's talk about early child has development watch. we know

eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents, number 43 added $4 trillion by his lonesome, so we now have over $9 trillion of debt that we are going to have to pay back. $30,000 for every, man, woman and child. that's irresponsible. it is unpatriotic. martha: well, there is a couple things in there, right? he's blasting former president bush for adding 5 trillion to the debt and he has added about -- >> 6.7 trillion to be precise. yes. martha: so what do you make of that comment there, stuart? >> my, how times change. it was unpatriotic then but apparently now it's okay to add $6.7 trillion to our debt, much of it lent to us by foreigners. and this is what happens when you fail to get your debt under control. you give power to those people who lend you the money. in this case china and then japan and other for inpowers. not good. martha: interesting. i remember back during the election candidate mitt romney used to talk a lot about, you know, if i'm president, whatever expenditures we add to the budget we have to a

first for the nation as recreational goes on sale legally in colorado. there are ground rules. you must be at least 21 or older. can't smoke it in public. no credit or bankte. casey wian joins us live from denver. and earlier you had long lines outside. how is it going so far? >> it's very busy. we're at evergreen where they are just jammed. you can see customers here lined up. some of them are actually smelling the product or examples of the product before they buy. they're discussing with the consultants of the different effects of the different strains that they mib purchaseding. it's going for $501/8. if you're an instate resident the most you can buy is 1 ounce. but this store is limiting sales to 1/2 ounce peres department because they're concerned about supply. you can look outside. we're going to walk out here and show you some of these people have been waiting since 2:00 in the morning. and it's snowing outside and there's a long line of perhaps 100 people down there waiting to get in and be among the very first to buy recreational pot in the state of colorado. back inside the store, we're going to talk with the owner. one of the owners of everg

nation's biggest bank failed to tip the government to madoff's shady dealings. >>> after 9/11, of course our hearts went out to the police, to the firefighters, the first responderstoward ground zero without a single thought for their own safety. when some claimed ptsd afterwards, no one questioned them. but now it turns out some of them may have been lying. prosecutors have indicted more than 100 retired officers accusing them of scamming more than $21 million in a case that included post-9/11 cases, others going back for years and years. susan candiotti has been working this one for me today. she joins us live. what exactly are these other officers accused of? >> brooke, this is just an amazing case. cheating the system. stealing from those who legitimately deserve it. more than half of the accused blaming their inability to work on 9/11 post traumatic stress. prosecutors say it was a sham to rip off taxpayers to the tune of hundreds of millions of dollars an alleged scheme going back to 1988. some appeared in court today and pleaded not guilty. now, here -- here is a video and some photos offered by authorities. they say helped prove their case. for example, t

first lady and dr. joe biden, the vice-president's wife. the democracy should not depend on the size of your bank account. the president also spoke at length tonight about foreign policy and national security, saying that america must move of a permanent war footing. he urged congress to give diplomacy a chance to work in iran. >> unprecedented inspection the help of the world verify every day that iran is not building a bomb. with our allies and partners, we are engaged in negotiations to see if we can peacefully achieved a goal we all share, preventing iran from obtaining a nuclear weapon. let me be clear, in this congress sends me a new sanctions bill now that threatens to derail peace talks, i will veto it. [ applause ] >> chris matthews predicting here in the studio that will be the above the column in the new york times about this speech tomorrow morning. we shall see. we had the unusual spectacle of quite a lot of different official republican response is to the president. kathy mcmorris rogers of washington delivered the official republican party response, heavy on biographical and gauzy americana references, very light on policy. a spanish-language version of that same sp